Fund Evaluator:

Parametric TABS 5 to15 Yr Lad Muni Bd A Overview

Parametric TABS 5 to15 Yr Lad Muni Bd A (EALTX) is an actively managed Municipal Bond Muni National Interm fund. Eaton Vance launched the fund in 2010.

The investment seeks current income exempt from regular federal income tax. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal obligations with final maturities of between five and fifteen years, the interest on which is exempt from regular federal income tax (the "80% Policy"). At least 90% of the fund's net assets normally is invested in municipal obligations rated at least investment grade at the time of investment or, if unrated, determined by the investment adviser or sub-advisor to be of at least investment grade quality.

About Parametric TABS 5 to15 Yr Lad Muni Bd A (EALTX)

There are 3 members of the management team with an average tenure of 7.70 years: Brian Barney (2012), Devin Cooch (2021), Alison Wagner (2022). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg Municipal TR USD index with a weighting of 100% and Bloomberg Municipal 10 Yr 8-12 TR USD index with a weighting of 100%. Parametric TABS 5 to15 Yr Lad Muni Bd A has 442 securities in its portfolio. The top 10 holdings constitute 15.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Parametric TABS 5 to15 Yr Lad Muni Bd A is part of the Fixed Income global asset class and is within the Municipal Bond fund group. Parametric TABS 5 to15 Yr Lad Muni Bd A has 0.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.3% (97.7% domestic bond, 0.6% foreign bond and 0.0% convertible bond). Parametric TABS 5 to15 Yr Lad Muni Bd A has 1.7% of the portfolio in cash.

Assets Under Management

The fund has $48 million in total assets, which is below the $1 billion average for the Muni National Interm category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

EALTX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Parametric TABS 5 to15 Yr Lad Muni Bd A expense ratio is above average compared to funds in the Muni National Interm category. Parametric TABS 5 to15 Yr Lad Muni Bd A has an expense ratio of 0.65%, which is 4% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Parametric TABS 5 to15 Yr Lad Muni Bd A has a portfolio turnover rate of 35%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 39% for the Muni National Interm category.

Recently, in the month of July 2026, Parametric TABS 5 to15 Yr Lad Muni Bd A returned -2.1%, which earned it a grade of F, as the Muni National Interm category had an average return of -1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Parametric TABS 5 to15 Yr Lad Muni Bd A has a trailing yield of 3.04%, which is below the 3.27% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Parametric TABS 5 to15 Yr Lad Muni Bd A Grades

Year to date, the fund has returned -0.9%, 1.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.0% over the past year (grade of D), 3.2% over the past three years (grade of C) and 0.7% per year over the past five years (grade of C) and 1.8% per year over the past 10 years (grade of C).

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