Eaton Vance Corp. EV manages worth more than $380.9 billion of assets (as of March 31, 2017). Also, it aims to provide the best investment solutions to individual and institutional investors, family office and high-net-worth investors, and financial professionals.
Founded in 1924, Eaton Vance is headquartered in Boston, Massachusetts. The company has offices in North America, Asia, Europe and Australia. It offers a variety of wealth management services and investment strategies to its clients.
Below we share with you three top-ranked Eaton Vance mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Eaton Vance funds .
Eaton Vance National Limited Maturity Municipal Income A EXNAX seeks to offer income, which is free from regular federal income tax. EXNAX invests the bulk of its assets in municipal obligations that are regular federal income tax-exempted. It may also invest in investment-grade muni bonds.Eaton Vance National Limited Maturity Municipal Income A has a three-year annualized return of 2.4%.
EXNAX has an expense ratio of 0.67% as compared to the category average of 0.84%.
Eaton Vance Focused Growth Opportunities A EAFGX invests heavily in large-cap companies with market-cap similar to or more than the median capitalization of all the companies listed on the Russell 1000 Growth Index. The fund may also invest in common stocks of small-cap companies. Eaton Vance Focused Growth Opportunities A has a three-year annualized return of 10.9%.
As of May 2017, EAFGX held 39 issues, with 8.53% of its assets invested in Alphabet Inc.
Eaton Vance Richard Bernstein Equity Strategy I ERBIX seeks growth of return. ERBIX invests a major portion of its assets in equity securities as well as in derivative instruments which have ample exposure to equity instruments. The fund may also invest…