ETNCX Performance — Eaton Vance North Carolina Municipal Income Fund, Class A
Data updated: 2026-07-27
ETNCX returned +1.68% year to date and +7.59% over one year to May 2026. Annualised returns are +3.78% over 3 years and +0.85% 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 $107. Volatility over the past three years was 5.38% a year. In the 12 months to May 2026 the fund took in a net $27.2M, and assets reached $267.14M.
ETNCX Growth of $100
What $100 invested in Eaton Vance North Carolina 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 | ETNCX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $107 |
| 3 years (Jun 2023 – May 2026) | $112 | $112 |
| 5 years (Jun 2021 – May 2026) | $104 | $103 |
| Since data start (Sep 2019 – May 2026) | $109 | $109 |
ETNCX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.68% |
| 1 year | +7.59% |
| 3 years (annualised) | +3.78% |
| 5 years (annualised) | +0.85% |
ETNCX Annual Returns
Calendar-year total returns of Eaton Vance North Carolina Municipal Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.68% |
| 2025 | +4.18% |
| 2024 | +1.35% |
| 2023 | +4.90% |
| 2022 | −7.71% |
| 2021 | +0.83% |
| 2020 | +4.53% |
| 2019 (Sep–Dec) | −0.39% |
ETNCX 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 | +0.7% | +1.3% | −2.2% | +1.2% | +0.6% | — | — | — | — | — | — | — |
| 2025 | +0.3% | +1.1% | −1.9% | −0.6% | −0.5% | +0.7% | −0.6% | +0.8% | +2.9% | +1.5% | +0.4% | +0.2% |
| 2024 | −0.1% | 0.0% | 0.0% | −0.9% | −0.1% | +1.5% | +0.9% | +0.5% | +1.0% | −1.6% | +1.7% | −1.4% |
| 2023 | +2.3% | −2.0% | +1.8% | −0.1% | −1.1% | +0.8% | +0.1% | −1.0% | −2.5% | −1.4% | +5.8% | +2.4% |
| 2022 | −2.4% | −0.5% | −2.6% | −2.5% | +1.2% | −1.4% | +2.3% | −2.1% | −3.2% | −0.6% | +3.7% | +0.3% |
| 2021 | +0.6% | −1.6% | +0.4% | +0.9% | +0.1% | +0.2% | +0.8% | −0.3% | −0.8% | −0.2% | +0.7% | 0.0% |
| 2020 | +1.8% | +1.3% | −3.2% | −1.5% | +2.8% | +0.8% | +1.5% | −0.5% | 0.0% | −0.3% | +1.5% | +0.5% |
| 2019 | — | — | — | — | — | — | — | — | −0.7% | 0.0% | +0.1% | +0.2% |
ETNCX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.38%
- 3-year Sharpe ratio: -0.13 (vs 4.5% risk-free rate)
- Best month: +5.83% (Nov 2023)
- Worst month: −2.54% (Sep 2023)
ETNCX Fund Flows
Monthly money in and out of Eaton Vance North Carolina Municipal Income Fund, from SEC Form N-PORT.
- 12-month net flow: $27.2M
- 12-month gross sales (incl. reinvestments): $85.4M
- Sales ÷ redemptions: 1.47×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $6.2M | $2.8M | $3.4M |
| Apr 2026 | $7.1M | $2.2M | $4.9M |
| Mar 2026 | $4.8M | $3.4M | $1.4M |
| Feb 2026 | $5.1M | $2.8M | $2.3M |
| Jan 2026 | $14.3M | $7.6M | $6.8M |
| Dec 2025 | $7.1M | $4.9M | $2.2M |
| Nov 2025 | $2.9M | $2.4M | $465K |
| Oct 2025 | $4.7M | $2.0M | $2.7M |
| Sep 2025 | $6.3M | $3.5M | $2.8M |
| Aug 2025 | $8.3M | $4.8M | $3.4M |
| Jul 2025 | $9.3M | $8.3M | $988K |
| Jun 2025 | $9.4M | $13.6M | −$4.2M |
ETNCX Assets Under Management
Net assets of Eaton Vance North Carolina Municipal Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $267.14M |
| 2026-02-28 | $260.50M |
| 2025-11-30 | $245.67M |
| 2025-08-31 | $230.53M |
| 2025-05-31 | $230.43M |
| 2025-02-28 | $227.21M |
| 2024-11-30 | $230.29M |
| 2024-08-31 | $216.20M |
| 2024-05-31 | $199.87M |
| 2024-02-29 | $195.59M |
| 2023-11-30 | $187.18M |
| 2023-08-31 | $187.16M |
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.