EAMBX — Eaton Vance Taxable Municipal Bond Fund
Data updated: 2023-04-27
EAMBX — Eaton Vance Taxable Municipal Bond Fund. Municipal - National Bond · $13.54M AUM · 0.81% expense ratio. Holdings, fees, performance and SEC filings.
EAMBX Fund Overview
EAMBX — Eaton Vance Taxable Municipal Bond Fund is a US mutual fund managed by Eaton Vance Mutual Funds Trust, categorised as Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Eaton Vance Mutual Funds Trust
- Category: Municipal - National Bond
- Assets under management: $13.54M
- 1-year return: -9.0%
- Ticker: EAMBX
- SEC CIK: 0000745463
- SEC series ID: S000070573
- Share class ID: C000224164
EAMBX Investment Objective and Strategy
Eaton Vance Taxable Municipal Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Eaton Vance Mutual Funds Trust.
Investment objective
The Funds primary objective is to seek total return with an emphasis on income.
Principal investment strategy
Under normal market circumstances, the Fund invests at least 80% of its net assets in taxable municipal bonds (the 80% Policy). Unlike most other municipal bonds, interest received on taxable municipal bonds is subject to federal and state income tax. The Fund may invest up to 20% of its net assets in debt obligations other than taxable municipal bonds, including (but not limited to) tax-exempt municipal obligations, U.S. Treasury securities, and obligations of the U.S. government, its agencies and instrumentalities. At least 65% of the Fund's net assets normally will be invested in municipal obligations rated at least investment grade at the time of investment (which are those rated Baa/BBB or higher by Moodys Investors Service, Inc. (Moodys), Standard & Poors Ratings Group (S&P), or Fitch Ratings (Fitch) or, if unrated, determined by the investment adviser to be of at least investment grade quality).
The balance of net assets may be invested in obligations rated below investment grade and in unrated obligations considered to be of comparable quality by the investment adviser (junk bonds). The Fund will not invest more than 10% of its net assets in obligations rated below B or in unrated obligations considered to be of comparable quality by the investment adviser. For purposes of rating restrictions, if securities are rated differently by two or more rating agencies, the highest rating is used. The Fund may purchase or sell derivative instruments (such as residual interest bonds, futures contracts and options thereon, interest rate swaps, and forward rate contracts) for hedging purposes, to seek total return or as a substitute for the purchase or sale of securities. There is no stated limit on the Funds use of derivatives.
The Fund will normally invest primarily in obligations with a maturity of five years of more, but may acquire municipal obligations or other debt obligations with shorter maturities or that are subject to shorter call provisions. The Fund may invest 25% or more of its total assets in certain types of municipal obligations (such as general obligations, municipal leases, principal only municipal investments, revenue bonds and industrial development bonds) and in one or more states, territories or economic sectors (such as housing, hospitals, healthcare facilities or utilities). The Fund may invest in pooled investment vehicles, including exchange-traded funds (ETFs), in order to seek exposure to the municipal markets or municipal market sectors. The Fund may invest in restricted securities. The investment advisers process for selecting obligations for purchase and sale is research intensive and emphasizes the creditworthiness of the issuer or other person obligated to repay the obligation and the relative value of the obligation in the market.
Although the investment adviser considers ratings assigned by credit ratings agencies when making investment decisions, it performs its own credit and investment analysis and does not rely primarily on such ratings. The portfolio manager may also consider financially material environmental, social and governance factors when evaluating an issuer. These considerations may be taken into account alongside other factors in the investment selection process. The portfolio manager also may trade securities to minimize taxable capital gains to shareholders.
EAMBX Performance
Total returns for EAMBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -9.0% |
| 3 years (annualised) | -4.8% |
EAMBX Risk Information
Risk metrics for EAMBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.8%
EAMBX Costs and Fees
EAMBX costs about $81 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.81%
- Gross expense ratio: 1.93%
- Portfolio turnover: 185%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
EAMBX Cashflows
Over the 12 months to 2023-02, Eaton Vance Taxable Municipal Bond Fund had net inflows of $265.23K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-02 | $26.42K |
| 2023-01 | $25.80K |
| 2022-12 | $25.51K |
| 2022-11 | $34.06K |
| 2022-10 | $21.62K |
| 2022-09 | $20.31K |
EAMBX Debt Constituents
No individual debt constituents are reported in Eaton Vance Taxable Municipal Bond Fund's latest SEC N-PORT filing.
EAMBX Prospectus and SEC Filings
Official Eaton Vance Taxable Municipal Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus supplement (497) — filed 2022-04-29
- Prospectus supplement (497) — filed 2020-12-30
- Portfolio holdings (N-PORT) — filed 2023-04-27
- Portfolio holdings (N-PORT) — filed 2023-01-19
- Portfolio holdings (N-PORT) — filed 2022-10-26
- Annual census (N-CEN) — filed 2023-02-06
- Annual census (N-CEN) — filed 2022-02-10
Related Funds
Other Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.