Fund Evaluator:
Eaton Vance NY Municipal Income A (ETNYX)
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Best Performing in Muni New York Long Over the Last Year
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| 6.9% | Vanguard NY Long-Term Tax-Exempt Inv (VNYTX) |
| 6.8% | Victory NY Bond (USNYX) |
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Fund Details
Eaton Vance NY Municipal Income A Overview
Eaton Vance NY Municipal Income A (ETNYX) is an actively managed Municipal Bond Muni New York Long fund. Eaton Vance launched the fund in 1994.
The investment seeks to provide current income exempt from regular federal income tax and New York State and New York City personal income taxes. Under normal market circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal obligations that are exempt from regular federal income tax and the state taxes specified in the fund's investment objective. The fund is non-diversified.
About Eaton Vance NY Municipal Income A (ETNYX)
There are 2 members of the management team with an average tenure of 12.80 years: Christopher Eustance (2021), Craig Brandon (2005). 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 New York Exempt TR index with a weighting of 100%. Eaton Vance NY Municipal Income A has 217 securities in its portfolio. The top 10 holdings constitute 19.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Eaton Vance NY Municipal Income A is part of the Fixed Income global asset class and is within the Municipal Bond fund group. Eaton Vance NY Municipal Income A has 3.2% 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 99.7% (96.6% domestic bond, 3.2% foreign bond and 0.0% convertible bond). Eaton Vance NY Municipal Income A has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $173 million in total assets, which is below the $287 million average for the Muni New York Long 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.
ETNYX 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 Eaton Vance NY Municipal Income A expense ratio is high compared to funds in the Muni New York Long category. Eaton Vance NY Municipal Income A has an expense ratio of 0.82%, which is 3% lower than its category average, making the fund expense ratio grade a D. 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. Eaton Vance NY Municipal Income A has a portfolio turnover rate of 70%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 27% for the Muni New York Long category.
Recently, in the month of July 2026, Eaton Vance NY Municipal Income A returned -2.0%, which earned it a grade of A, as the Muni New York Long category had an average return of -2.1%. 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.
Eaton Vance NY Municipal Income A has a trailing yield of 3.69%, which is above the 3.63% 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.
Eaton Vance NY Municipal Income A Grades
Year to date, the fund has returned 0.8%, 0.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 6.5% over the past year (grade of D), 2.8% over the past three years (grade of D) and 0.1% per year over the past five years (grade of B) and 1.7% per year over the past 10 years (grade of C).
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ETNYX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ETNYX Return (NAV) | -2.0% | -0.5% | 6.5% | 2.8% | 0.1% | 1.7% |
| ETNYX Grade | A | D | D | D | B | C |
| +/- Category | 0.2% | -0.1% | -0.2% | -0.1% | 0.2% | -0.0% |
| Muni New York Long Avg | -2.1% | -0.5% | 6.7% | 2.9% | -0.1% | 1.7% |
| ETNYX Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.1% | 0.1% |
ETNYX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ETNYX Return (NAV) | 0.8% | 2.2% | 1.2% | 8.2% | -10.2% | 1.5% | 5.5% | 7.6% | 0.4% | 5.0% | 0.4% |
| ETNYX Grade | D | D | F | B | A | F | A | C | D | C | C |
| +/- Category | -0.1% | -0.2% | -0.7% | 0.7% | 1.7% | -1.8% | 1.4% | -0.2% | -1.0% | 0.3% | -0.4% |
| Muni New York Long Avg | 0.9% | 2.4% | 2.0% | 7.5% | -11.9% | 3.3% | 4.1% | 7.8% | 1.4% | 4.7% | 0.7% |
| Risk Measures | |
| Standard Deviation: | 7.3% |
| Total Risk Index: | 0.59 - Below Average |
| Category Risk Index: | 1.05 - Above Average |
| Category Risk Grade: | D (74% Rank) |
| Beta: | 1.25 |
| R-Squared: | 96% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Extensive Sensitivity |
| Yield: | 3.7% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $417 Mil |
| Fund Total Assets: | $ 173 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 70% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 20.8 years | |||
| Average Tenure: 12.8 years | |||
| Managers (Year): Brandon Craig (2005), Eustance Christopher (2021) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 217 |
| % in Top 10 Holdings: | 19.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 3.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 96.6% |
| Foreign Bond: | 3.2% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Fund Family: | Eaton Vance |
| Phone Number: | 800-262-1122 |
| Website: | www.eatonvance.com |
| Status: | Open |
| Inception Date: | April 15, 1994 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 3.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.20% |
Expenses and Fees | |
| Expense Ratio (%): | 0.82% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.85% |
| Share Class: | Eaton Vance NY Municipal Income A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
