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EILMX Eaton Vance Floating-Rate Muni Inc I

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Fund EILMX Eaton Vance Floating-Rate Muni Inc I VMLTX Vanguard Ltd-Term Tx-Ex SMB VanEck Vectors AMT-Free Short Muni ETF  
100% 96% 90%
Annual Fees
(0.46% Exp. Ratio)
(0.20% Exp. Ratio)
(0.20% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.98% annual return
$15,701.97 $16,980.14 $16,980.14
Est. savings over 30 yrs +$1,278.17 +$1,278.17
As of 10/31/16
1 YR RETURN 0.76%
3 YR 0.51%
5 YR 1.17%
10 YR 2.19%
1 YR RETURN 1.31%
3 YR 1.42%
5 YR 1.56%
10 YR 2.55%
1 YR RETURN 0.84%
3 YR 1.15%
5 YR 1.39%
10 YR --
The investment seeks to provide current income exempt from regular federal income tax. 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. It also invests at least 80% of its total assets in (i) municipal floating-rate bonds or obligations and (ii) fixed-rate municipal obligations with respect to which the fund enters into agreements to swap the fixed rate for a floating rate.
The investment seeks current income that is exempt from federal personal income taxes, with limited price volatility. The fund has no limitations on the maturity of individual securities, but is expected to maintain a dollar-weighted average maturity of 2 to 6 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization or, if unrated, determined to be of comparable quality by the advisor. The remaining 5% may be invested in securities with lower credit ratings or, if unrated, determined to be of comparable quality by the advisor.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Bloomberg Barclays AMT-Free Short Continuous Municipal Index. The fund normally invests at least 80% of its total assets in fixed income securities that comprise the index. The index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated short-term tax-exempt bond market.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.


FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.


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