Founded in 1924, Eaton Vance is one of the oldest investment management firms in the U.S. With over $161.6 billion of assets under management, the company and its affiliates provide a wide range of investment products and wealth management services to individuals and institutions. Operating in the investment space for over 85 years has given the company a long term perspective which it uses to deliver sustained value to its clients. It aims to become the country’s premier investment management organization and believes that its client-centric approach sets it apart from other organizations in the asset management industry.
Below we will share with you 5 top rated Eaton Vance funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all Eaton Vance funds, then click here.
Eaton Vance Income Fund of Boston A (EVIBX) primarily invests in high yield corporate bonds, commonly known as junk bonds. It also invests in other income generating debt securities, including stocks paying significant dividends. The fund returned 51.53% over the last one year period.
The Eaton Vance fund has a minimum initial investment of $1,000 and an expense ratio of 1.07% compared to a category average of 1.21%.
Eaton Vance GA Municipals Income A (ETGAX) seeks current income which is exempt from income taxes levied by the Federal Government and the state of Georgia. At least 80% of its assets are invested in investment-grade municipal obligations from the State of Georgia. The fund returned 16.78% in 2009 and has a ten year annualized return of 5.3%.
Adam A. Weigold is the fund manager and he has managed this Eaton Vance fund since 1999.
Eaton Vance Tax-Managed Small Cap A (ETMGX) invests in a wide range of small-cap companies, seeking long- term, after-tax returns. It focuses on companies with market capitalizations which correspond to firms included in the S&P SmallCap 600 Index. The fund has a five year annualized return of 4.79%.
The Eaton Vance fund has an expense ratio of 1.27% compared to a category average of 1.60%.
Eaton Vance Large Cap Value A (EHSTX) seeks total return by investing in value stocks of companies with large market capitalizations. It focuses on purchasing dividend paying stocks and may invest in convertible debt securities. The fund has a ten year annualized return of 5.01%.
Keith J. Gardner is the fund manager and he has managed this Eaton Vance fund since 2006.
Eaton Vance Tax-Managed International Equity A (ETIGX) invests in a wide range of foreign equity securities and focuses on companies included in the Morgan Stanley Capital International Europe, Australia, Far East (‘EAFE’) Index. It seeks a high level of after tax return over the long term. The fund returned 29.89% over the last one year period.
As of December 2009, this fund held 72 issues, with 4.07% of its total assets invested in Banco Santander SA.
To view the Zacks Rank and past performance of all Eaton Vance funds, then click here.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
