EAPCX: Parametric Commodity Strategy Investor

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EAPCX Parametric Commodity Strategy Investor


Profile

EAPCX - Profile

Vitals

  • YTD Return -0.6%
  • 3 Yr Annualized Return -2.0%
  • 5 Yr Annualized Return -0.7%
  • Net Assets $368 M
  • Holdings in Top 10 95.0%

52 WEEK LOW AND HIGH

$5.24
$3.92
$5.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.96%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.51%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Parametric Commodity Strategy Fund
  • Fund Family Name
    Eaton Vance
  • Inception Date
    Jan 03, 2012
  • Shares Outstanding
    1798382
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Thomas Seto

Fund Description

The fund invests primarily in commodity-linked derivative instruments backed by a portfolio of fixed-income securities. The fund's portfolio of fixed-income securities is generally comprised of U.S. Treasury bills and money market instruments. The average portfolio duration of the fund's fixed-income portfolio will vary and under normal market conditions is not expected to exceed one year. Commodity-linked derivative instruments include commodity index-linked swap agreements, futures, and commodity index-linked notes.


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Categories

Performance

EAPCX - Performance

Return Ranking - Trailing

Period EAPCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -32.0% 272.3% 12.96%
1 Yr 1.6% -35.1% 277.4% 7.41%
3 Yr -2.0%* -22.0% 44.1% 11.58%
5 Yr -0.7%* -16.3% 24.6% 16.09%
10 Yr N/A* -16.4% -5.1% N/A

* Annualized

Return Ranking - Calendar

Period EAPCX Return Category Return Low Category Return High Rank in Category (%)
2019 8.0% -8.3% 16.6% 25.23%
2018 -10.0% -42.9% -0.2% 6.32%
2017 1.5% -13.1% 10.5% 42.86%
2016 6.8% 3.1% 22.1% 86.67%
2015 -22.4% -64.9% -7.2% 32.50%

Total Return Ranking - Trailing

Period EAPCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -32.0% 272.3% 12.96%
1 Yr 1.6% -35.1% 277.4% 7.41%
3 Yr -0.3%* -22.0% 51.6% 8.42%
5 Yr 1.5%* -16.3% 28.3% 12.64%
10 Yr N/A* -14.6% -3.5% N/A

* Annualized

Total Return Ranking - Calendar

Period EAPCX Return Category Return Low Category Return High Rank in Category (%)
2019 8.0% -8.3% 16.6% 25.23%
2018 -10.0% -42.9% -0.2% 6.32%
2017 6.7% -8.3% 10.9% 21.98%
2016 13.8% 3.1% 23.2% 25.56%
2015 -22.4% -62.9% -7.2% 32.50%

NAV & Total Return History


Holdings

EAPCX - Holdings

Concentration Analysis

EAPCX Category Low Category High EAPCX % Rank
Net Assets 368 M 1.19 M 6.15 B 51.38%
Number of Holdings 72 4 695 51.38%
Net Assets in Top 10 295 M 523 K 5.61 B 37.61%
Weighting of Top 10 95.02% 11.5% 95.5% 2.94%

Top 10 Holdings

  1. United States Treasury Bills 0% 15.59%
  2. United States Treasury Bills 0% 13.66%
  3. United States Treasury Bills 0% 12.25%
  4. United States Treasury Bills 0% 9.50%
  5. United States Treasury Bills 0% 8.53%
  6. Silver Future Sept20 7.39%
  7. Gold 100 oz Dec20 7.22%
  8. Lme Pri Alum Futr Sep20 Xlme 20200914 7.20%
  9. United States Treasury Bills 0% 6.93%
  10. Gasoline Rbob Fut Sep20 Xnym 20200831 6.75%

Asset Allocation

Weighting Return Low Return High EAPCX % Rank
Other
96.94% 0.00% 108.57% 7.34%
Bonds
55.33% 0.00% 89.50% 38.53%
Stocks
0.00% 0.00% 48.31% 29.36%
Preferred Stocks
0.00% 0.00% 0.00% 14.68%
Convertible Bonds
0.00% 0.00% 4.02% 40.37%
Cash
-52.27% -52.27% 92.75% 99.08%

Bond Sector Breakdown

Weighting Return Low Return High EAPCX % Rank
Government
58.89% 0.00% 99.02% 19.27%
Cash & Equivalents
41.11% 0.98% 100.00% 60.55%
Derivative
0.00% 0.00% 10.47% 26.61%
Securitized
0.00% 0.00% 32.71% 47.71%
Corporate
0.00% 0.00% 67.90% 51.38%
Municipal
0.00% 0.00% 1.37% 29.36%

Bond Geographic Breakdown

Weighting Return Low Return High EAPCX % Rank
US
55.33% 0.00% 93.70% 24.77%
Non US
0.00% -4.20% 17.11% 41.28%

Expenses

EAPCX - Expenses

Operational Fees

EAPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.01% 19.14% 81.48%
Management Fee 0.55% 0.00% 1.75% 14.68%
12b-1 Fee 0.25% 0.00% 1.00% 20.63%
Administrative Fee N/A 0.04% 0.45% N/A

Sales Fees

EAPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% 73.08%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

EAPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EAPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 262.00% 0.99%

Distributions

EAPCX - Distributions

Dividend Yield Analysis

EAPCX Category Low Category High EAPCX % Rank
Dividend Yield 0.00% 0.00% 2.01% 17.43%

Dividend Distribution Analysis

EAPCX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

EAPCX Category Low Category High EAPCX % Rank
Net Income Ratio 1.51% -2.28% 3.57% 29.63%

Capital Gain Distribution Analysis

EAPCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

EAPCX - Fund Manager Analysis

Managers

Thomas Seto


Start Date

Tenure

Tenure Rank

May 25, 2011

9.28

9.3%

Thomas is responsible for all portfolio management and trading related to our equity strategies and is a member of the Enterprise Management Committee. Prior to joining Parametric in 1998, Thomas served as the Head of US Equity Index Investments at Barclays Global Investors. He earned an MBA in finance from the University of Chicago Booth School of Business, and a BS in electrical engineering from the University of Washington.

Gregory Liebl


Start Date

Tenure

Tenure Rank

May 01, 2018

2.34

2.3%

Mr. Liebl joined Parametric in 2010. Greg is currently the Portfolio Manager for all Parametric proprietary and non-discretionary commodity strategies. Previously, Greg had been dedicated to providing Portfolio Management in the areas of risk and exposure management and customized implementation solutions. In this capacity, he was responsible for managing and trading overlay and physical portfolios designed to meet specific client risk management needs. Greg functions as part of the team that developed and launched Parametric’s initial commodity programs, including index strategies, custom solutions, and Parametric’s proprietary offerings.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 15.28 6.0 9.76