Eaton Vance Corp. (NYSE:EV) is a renowned global investment management company, headquartered in Boston, Massachusetts. The company was founded in 1924 and has offices in North America, Asia, Europe and Australia. A variety of wealth management services and investment strategies are provided by the company to its clients. It manages worth more than $334.4 billion of assets (as of July 31, 2016). Also, it aims to provide the best investment solutions to individual and institutional investors, family office and high-net-worth investors, and financial professionals.
Below we share with you four top-rated 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.
Eaton Vance Tax-Managed Growth 1.1 A (MUTF:ETTGX) invests its assets mainly in the equity securities of growth companies, which are expected to have strong investment potentials for the long run. ETTGX maintains a diversified portfolio and seeks after-tax return. Eaton Vance Tax-Managed Growth 1.1 A has a three-year annualized return of 9.2%.
ETTGX has an expense ratio of 0.82% as compared to the category average of 1.04%.
Eaton Vance High Income Opportunities A (MUTF:ETHIX) seeks growth of income and capital. ETHIX invests the majority of its assets in fixed-income securities like convertible securities and preferred stocks. The fund focuses on investing mainly in high-risk, high-yield corporate bonds. Eaton Vance High Income Opportunities A has a three-year annualized return of 5.4%.
Michael Weilheimer is one of the fund managers of ETHIX since 1996.
Eaton Vance Income Fund of Boston A (MUTF:EVIBX) invests the bulk of its assets in high-risk, high-yield bonds or junk bonds that are rated below investment grade. EVIBX seeks appreciation of income and capital. Eaton Vance Income Fund of Boston A has a three-year annualized return of 4.6%.
EVIBX has an expense ratio of 1% as compared to the category average of 1.06%.
Eaton Vance High-Yield Municipal Income A (MUTF:ETHYX) invests a large chunk of its assets in municipal securities which offer income exempted from federal tax. ETHYX aims to invest mainly in high-yield municipal bonds. Eaton Vance High-Yield Municipal Income A has a three-year annualized return of 9.7%.
As of July 2016, ETHYX held 329 issues, with 1.56% of its assets invested in Texas Transn Commn Cent Tex Tp Ref Bd 5%.