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3 Strong Buy Eaton Vance Mutual Funds for Your Portfolio

Zacks Equity Research
Updated

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%.

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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 around one-fifth of its assets in fixed income securities, including junk bonds. Eaton Vance Richard Bernstein Equity Strategy I has a three-year annualized return of 6.1%.

Richard Bernstein is one of the fund managers of ERBIX since 2010.

To view the Zacks Rank and past performance of all Eaton Vance mutual funds, investors can click here to see the complete list of Eaton Vance funds.

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Zacks Investment Research