EANAX Performance — Eaton Vance National Municipal Income Fund, Class A
Data updated: 2026-08-27
EANAX returned +3.11% year to date and +8.06% over one year to Jun 2026. Annualised returns are +3.86% over 3 years and +0.93% over 5 years. Against its Long-Term Municipal Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $112, against $112 for the category, and to $108 over one year, against $108. Volatility over the past three years was 6.44% a year. In the 12 months to Jun 2026 the fund lost a net $245.9M, and assets reached $4.08B.
EANAX Growth of $100
What $100 invested in Eaton Vance National Municipal Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | EANAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $108 | $108 |
| 3 years (Jul 2023 – Jun 2026) | $112 | $112 |
| 5 years (Jul 2021 – Jun 2026) | $105 | $103 |
| Since data start (Jul 2019 – Jun 2026) | $115 | $113 |
EANAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.11% |
| 1 year | +8.06% |
| 3 years (annualised) | +3.86% |
| 5 years (annualised) | +0.93% |
EANAX Annual Returns
Calendar-year total returns of Eaton Vance National Municipal Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +3.11% |
| 2025 | +2.62% |
| 2024 | +1.96% |
| 2023 | +7.72% |
| 2022 | −9.94% |
| 2021 | +1.46% |
| 2020 | +5.79% |
| 2019 (Jul–Dec) | +2.30% |
EANAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.6% | −2.2% | +1.3% | +0.5% | +1.2% | — | — | — | — | — | — |
| 2025 | 0.0% | +1.1% | −2.1% | −0.7% | −0.9% | +0.5% | −0.9% | +0.9% | +3.2% | +1.4% | +0.2% | 0.0% |
| 2024 | +0.1% | 0.0% | 0.0% | −1.2% | +0.3% | +1.5% | +0.8% | +0.5% | +1.3% | −1.5% | +1.9% | −1.7% |
| 2023 | +3.6% | −2.5% | +2.0% | +0.3% | −0.7% | +1.1% | +0.3% | −1.3% | −3.1% | −1.9% | +7.4% | +2.8% |
| 2022 | −2.7% | −0.7% | −3.1% | −2.8% | +1.3% | −2.1% | +2.4% | −2.4% | −3.9% | −1.2% | +5.8% | −0.6% |
| 2021 | +0.8% | −1.8% | +0.7% | +0.9% | +0.5% | +0.3% | +0.7% | −0.6% | −0.9% | −0.2% | +0.9% | +0.1% |
| 2020 | +2.1% | +1.8% | −4.5% | −1.9% | +3.4% | +1.4% | +1.8% | −0.5% | −0.1% | −0.4% | +1.9% | +0.8% |
| 2019 | — | — | — | — | — | — | +0.9% | +1.9% | −0.9% | −0.1% | +0.1% | +0.3% |
EANAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 6.44%
- 3-year Sharpe ratio: -0.10 (vs 4.5% risk-free rate)
- Best month: +7.36% (Nov 2023)
- Worst month: −3.10% (Sep 2023)
EANAX Fund Flows
Monthly money in and out of Eaton Vance National Municipal Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$245.9M
- 12-month gross sales (incl. reinvestments): $1.2B
- Sales ÷ redemptions: 0.83×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $76.0M | $63.5M | $12.5M |
| May 2026 | $78.1M | $68.3M | $9.8M |
| Apr 2026 | $81.7M | $167.2M | −$85.4M |
| Mar 2026 | $100.5M | $84.5M | $16.0M |
| Feb 2026 | $85.6M | $98.1M | −$12.5M |
| Jan 2026 | $106.8M | $99.3M | $7.5M |
| Dec 2025 | $106.3M | $156.0M | −$49.7M |
| Nov 2025 | $98.0M | $92.0M | $6.0M |
| Oct 2025 | $88.6M | $117.2M | −$28.7M |
| Sep 2025 | $131.6M | $132.4M | −$733K |
| Aug 2025 | $108.0M | $157.5M | −$49.5M |
| Jul 2025 | $131.5M | $202.7M | −$71.3M |
EANAX Assets Under Management
Net assets of Eaton Vance National Municipal Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $4.08B |
| 2026-03-31 | $4.06B |
| 2025-12-31 | $4.08B |
| 2025-09-30 | $4.13B |
| 2025-06-30 | $4.16B |
| 2025-03-31 | $4.35B |
| 2024-12-31 | $4.51B |
| 2024-09-30 | $4.62B |
| 2024-06-30 | $4.35B |
| 2024-03-31 | $4.19B |
| 2023-12-31 | $3.96B |
| 2023-09-30 | $3.68B |
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.