EXNAX Fees and Costs — Eaton Vance National Limited Maturity Municipal Income Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 0.69%: a 0.42% management fee, a 0.15% 12b-1 fee plus 0.12% other expenses. This share class carries a maximum front-end sales load of 3.25%. Portfolio turnover was 65%.
EXNAX Fees and Expenses
Annual operating expenses and sales charges of EXNAX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | 0.15% |
| 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 |
EXNAX Costs Over Time
On $10,000 invested in EXNAX, 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% |
EXNAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $668.3M
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
EXNAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $94.2M | 18.74% |
| BNY Capital Markets, LLC | $73.8M | 14.68% |
| Barclays Capital Inc. | $70.4M | 14.02% |
| TD Securities (USA) LLC | $64.8M | 12.90% |
| State Street Global Markets, LLC | $50.4M | 10.03% |
| Jefferies LLC | $45.7M | 9.10% |
| Stifel, Nicolaus & Company, Incorporated | $29.7M | 5.90% |
| BofA Securities, Inc. | $28.2M | 5.62% |
| RBC Capital Markets, LLC | $24.5M | 4.88% |
| Goldman Sachs & Co. LLC | $20.8M | 4.14% |
Eaton Vance National Limited Maturity 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 |
|---|---|---|---|
| EINAX | Class I | 0.54% | none |
| EXNAX | Class A | 0.69% | 3.25% |
| EZNAX | Class C | 1.45% | 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.