EATTX — Parametric TABS 10-to-20 Year Laddered Municipal Bond Fund
Data updated: 2022-12-30
EATTX — Parametric TABS 10-to-20 Year Laddered Municipal Bond Fund. Municipal - National Bond · $10.37M AUM. Holdings, fees, performance and SEC filings.
EATTX Fund Overview
EATTX — Parametric TABS 10-to-20 Year Laddered Municipal Bond Fund is a US mutual fund managed by Eaton Vance Municipals Trust II, 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 Municipals Trust II
- Category: Municipal - National Bond
- Assets under management: $10.37M
- 1-year return: -15.7%
- Ticker: EATTX
- SEC CIK: 0000914529
- SEC series ID: S000049165
- Share class ID: C000154970
EATTX Investment Objective and Strategy
Parametric TABS 10-to-20 Year Laddered Municipal Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Eaton Vance Municipals Trust II.
Investment objective
The Funds investment objective is to provide current income exempt from regular federal income tax.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal obligations with final maturities of between ten and twenty years, the interest on which is exempt from regular federal income tax (the 80% Policy). For the purposes of the Funds 80% Policy, final maturity is defined as (i) the stated final maturity of a callable bond; (ii) the pre-refunded date of an existing pre-refunded bond; (iii) the earliest put date of a put bond or (iv) the monthly re-set date of a municipal floating-rate bond or obligation. For municipal obligations held by the Fund that become pre-refunded after the Fund purchases such obligation, the final maturity of such obligation remains the stated maturity. All municipal obligations maturing within a calendar year will be defined as having the same final maturity.
At least 90% of the Funds net assets normally is invested in municipal obligations rated at least investment grade at the time of investment (which are those rated Baa or higher by Moodys Investors Service, Inc. (Moodys), or BBB or higher by either S&P Global Ratings (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 municipal obligations rated below investment grade and in unrated municipal obligations considered to be of comparable quality by the investment adviser (junk bonds). For purposes of rating restrictions, if securities are rated differently by two or more rating agencies, the highest rating is used. The Fund will not invest in an obligation if the interest on that obligation is subject to the federal alternative minimum tax.
With respect to 20% of its net assets, the Fund may invest in municipal obligations that are not exempt from regular federal income tax, direct obligations of the U.S. Treasury and/or obligations of U.S. Government agencies, instrumentalities and government-sponsored enterprises. The Fund invests primarily in general obligation or revenue bonds. In pursuing its investment objective, the Fund seeks to weight investment in obligations such that at least 5% and not more than 15% of its net assets are invested in obligations with a final maturity in a year within the ten-to-twenty year maturity range (the weighted investment strategy). The Fund does not have a specific target for its average portfolio duration. When a municipal obligation has a final maturity of less than ten years, the Fund intends to sell that security within a year and reinvest the proceeds in obligations with longer maturities.
With respect to the Funds weighted investment strategy, the Fund intends to invest at least 5% of its net assets in securities with a final maturity of 20 years within 90 days of the beginning of the calendar year. The Funds portfolio is laddered by investing in municipal obligations with different final maturities so that some obligations age out of the ten-to-twenty year maturity range during each year. The investment advisers process for selecting obligations for purchase and sale emphasizes the creditworthiness of the issuer or other person obligated to repay the obligation and the relative value of the obligation in the market. In evaluating creditworthiness, the investment adviser considers ratings assigned by rating agencies and generally performs additional credit and investment analysis.
The portfolio managers may also trade securities to seek to minimize capital gains to shareholders.
EATTX Performance
Total returns for EATTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -15.7% |
| 3 years (annualised) | -2.7% |
EATTX Risk Information
Risk metrics for EATTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.9%
EATTX Costs and Fees
EATTX costs about $65 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.65%
- Gross expense ratio: 1.18%
- Portfolio turnover: 24%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
EATTX Cashflows
Over the 12 months to 2022-10, Parametric TABS 10-to-20 Year Laddered Municipal Bond Fund had net outflows of $6.78M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-10 | −$192.39K |
| 2022-09 | −$54.70K |
| 2022-08 | −$239.33K |
| 2022-07 | −$250.37K |
| 2022-06 | −$1.36M |
| 2022-05 | −$2.43M |
EATTX Debt Constituents
No individual debt constituents are reported in Parametric TABS 10-to-20 Year Laddered Municipal Bond Fund's latest SEC N-PORT filing.
EATTX Prospectus and SEC Filings
Official Parametric TABS 10-to-20 Year Laddered Municipal Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-05-26
- Prospectus (485BPOS) — filed 2020-06-15
- Prospectus supplement (497) — filed 2022-04-29
- Portfolio holdings (N-PORT) — filed 2022-12-30
- Portfolio holdings (N-PORT) — filed 2022-09-19
- Portfolio holdings (N-PORT) — filed 2022-06-29
- Annual census (N-CEN) — filed 2022-04-12
- Annual census (N-CEN) — filed 2021-04-01
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.