ETPAX Fees and Costs — Eaton Vance Pennsylvania Municipal Income Fund, Class A
Data updated: 2026-09-24
The net expense ratio is 0.75%: a 0.38% management fee, a 0.20% 12b-1 fee plus 0.17% other expenses. This share class carries a maximum front-end sales load of 3.25%. Portfolio turnover was 62%.
ETPAX Fees and Expenses
Annual operating expenses and sales charges of ETPAX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
ETPAX Costs Over Time
On $10,000 invested in ETPAX, assuming 5% a year before costs, total costs come to $871 over 5 years, cutting the return by 1.47% 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 0.75%) | $76 | $238 | $414 |
| Lost growth on money paid in costs | $16 | $63 | $132 |
| Total costs | $417 | $626 | $871 |
| Value after costs | $10,083 | $10,950 | $11,892 |
| Impact on return, per year | 4.17% | 1.93% | 1.47% |
ETPAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $200.1M
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
ETPAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD Securities (USA) LLC | $29.4M | 21.29% |
| J.P. Morgan Securities LLC | $21.6M | 15.65% |
| RBC Capital Markets, LLC | $14.5M | 10.46% |
| Raymond James & Associates, Inc. | $12.6M | 9.08% |
| BofA Securities, Inc. | $11.7M | 8.46% |
| U.S. Bancorp Investments, Inc. | $11.6M | 8.39% |
| Piper Sandler & Co. | $10.8M | 7.77% |
| BNY Capital Markets, LLC | $9.3M | 6.74% |
| Jefferies LLC | $8.8M | 6.40% |
| Wells Fargo Securities, LLC | $8.0M | 5.75% |
Eaton Vance Pennsylvania 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 |
|---|---|---|---|
| EIPAX | Class I | 0.55% | none |
| ETPAX | Class A | 0.75% | 3.25% |
| ECPAX | Class C | 1.50% | 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.