EANAX Fees and Costs — Eaton Vance National Municipal Income Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 0.69%: a 0.32% management fee, a 0.25% 12b-1 fee plus 0.12% other expenses. This share class carries a maximum front-end sales load of 3.25%. Portfolio turnover was 109%.
EANAX Fees and Expenses
Annual operating expenses and sales charges of EANAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| Sales charges | |
|---|---|
| Max front load | 3.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
EANAX Costs Over Time
On $10,000 invested in EANAX, assuming 5% a year before costs, total costs come to $835 over 5 years, cutting the return by 1.41% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $325 | $325 | $325 |
| Fund expenses (net expense ratio 0.69%) | $70 | $219 | $382 |
| Lost growth on money paid in costs | $16 | $62 | $128 |
| Total costs | $411 | $606 | $835 |
| Value after costs | $10,089 | $10,970 | $11,928 |
| Impact on return, per year | 4.11% | 1.87% | 1.41% |
EANAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $10.2B
- Portfolio turnover (prospectus): 109%
- Securities lending: none during the year
EANAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.8B | 20.82% |
| Jefferies LLC | $1.2B | 14.28% |
| BNY Capital Markets, LLC | $1.0B | 11.71% |
| BofA Securities, Inc. | $993.4M | 11.55% |
| TD Securities (USA) LLC | $812.1M | 9.45% |
| Barclays Capital Inc. | $808.4M | 9.40% |
| RBC Capital Markets, LLC | $691.9M | 8.05% |
| Goldman Sachs & Co. LLC | $471.8M | 5.49% |
| Wells Fargo Securities, LLC | $422.2M | 4.91% |
| Piper Sandler Ltd. | $373.3M | 4.34% |
Eaton Vance National Municipal Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| EIHMX | Class I | 0.44% | none |
| EANAX | Class A | 0.69% | 3.25% |
| ECHMX | Class C | 1.44% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.