Eaton Vance Balanced Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.8%
1 yr return
14.5%
3 Yr Avg Return
3.0%
5 Yr Avg Return
7.7%
Net Assets
$892 M
Holdings in Top 10
100.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.22%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 7.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ERIFX - Profile
Distributions
- YTD Total Return 3.8%
- 3 Yr Annualized Total Return 3.0%
- 5 Yr Annualized Total Return 7.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.47%
- Dividend Yield 1.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameEaton Vance Balanced Fund
-
Fund Family NameEatonVance
-
Inception DateMay 02, 2016
-
Shares Outstanding1419086
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCharles Gaffney
Fund Description
The Fund’s equity securities are primarily common stocks issued by companies with a broad range of market capitalizations, including smaller companies. The Fund’s fixed-income securities may include corporate bonds, U.S. Government securities, money market instruments, mortgage-backed securities (“MBS”) (including collateralized mortgage obligations and so-called “seasoned” MBS), commercial MBS, asset-backed securities (“ABS”) (including collateralized debt obligations and collateralized loan obligations), convertible debt securities and other hybrid securities (which have characteristics of equity and debt securities), inflation-linked debt securities and municipal securities. The Fund may also invest in floating rate instruments, including loans. A significant portion of the Fund’s fixed-income investments may be in securities issued by various U.S. Government-sponsored entities, such as the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association and Federal Home Loan Banks. Instruments may be of any credit quality (including in default), but investment in instruments rated below investment grade (including securities, loans and credit derivatives where the credit rating of the reference instrument is below investment grade) is limited to not more than 5% of total fixed income assets. Instruments rated below investment grade (sometimes referred to as “junk”) are rated below BBB by S&P Global Ratings (“S&P”) or by Fitch Ratings (“Fitch”) or Baa by Moody’s Investors Service, Inc. (“Moody’s”) or BBB by Kroll Bond Rating Agency, LLC for securitized debt instruments only (such as ABS and MBS). For purposes of rating restrictions, if instruments are rated differently by two or more rating agencies, the highest rating is used. The Fund may invest in restricted securities and may purchase securities on a when-issued basis and for future delivery by means of “forward commitments.” The Fund may invest up to 25% of its total assets in foreign securities, some of which may be issued by companies domiciled in emerging market countries. As an alternative to holding foreign securities directly, the Fund may invest in U.S. dollar-denominated securities of foreign companies that trade on U.S. exchanges or in the over-the-counter market (including depositary receipts, such as American Depositary Receipts sponsored or unsponsored by U.S. banks and Global Depositary Receipts, that evidence ownership in underlying foreign stocks and Eurodollar and Yankee Dollar instruments). The Fund may invest in exchange-traded funds (“ETFs”), a type of pooled investment vehicle, in order to manage cash positions or seek exposure to certain markets or market sectors. The Fund may also invest in publicly traded real estate investment trusts (“REITs”). The portfolio managers may use sector rotation strategies in their management of the Fund. The portfolio managers may also consider financially material environmental, social and governance (“ESG”) factors in evaluating an issuer. These considerations may be taken into account alongside other fundamental research in the investment selection process.
ERIFX - Performance
Return Ranking - Trailing
Period | ERIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.8% | -1.9% | 20.7% | 3.64% |
1 Yr | 14.5% | -10.3% | 37.1% | 8.95% |
3 Yr | 3.0%* | -7.4% | 8.0% | 21.54% |
5 Yr | 7.7%* | -4.7% | 13.5% | 18.17% |
10 Yr | N/A* | 0.4% | 10.6% | 24.17% |
* Annualized
Return Ranking - Calendar
Period | ERIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.7% | -12.2% | 23.9% | 14.06% |
2022 | -20.1% | -34.7% | 0.0% | 67.33% |
2021 | 5.1% | -11.9% | 18.1% | 50.74% |
2020 | 10.9% | -20.9% | 39.7% | 21.17% |
2019 | 18.9% | 0.8% | 25.7% | 7.95% |
Total Return Ranking - Trailing
Period | ERIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.8% | -1.9% | 20.7% | 3.64% |
1 Yr | 14.5% | -10.3% | 37.1% | 8.95% |
3 Yr | 3.0%* | -7.4% | 8.0% | 21.54% |
5 Yr | 7.7%* | -4.7% | 13.5% | 18.17% |
10 Yr | N/A* | 0.4% | 10.6% | 22.08% |
* Annualized
Total Return Ranking - Calendar
Period | ERIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.8% | -12.2% | 26.8% | 26.02% |
2022 | -15.8% | -29.0% | 10.9% | 62.77% |
2021 | 13.7% | -3.0% | 24.2% | 43.95% |
2020 | 13.9% | -19.5% | 40.6% | 38.49% |
2019 | 23.3% | 4.4% | 32.7% | 10.17% |
NAV & Total Return History
ERIFX - Holdings
Concentration Analysis
ERIFX | Category Low | Category High | ERIFX % Rank | |
---|---|---|---|---|
Net Assets | 892 M | 789 K | 217 B | 52.55% |
Number of Holdings | 2 | 2 | 15716 | 99.72% |
Net Assets in Top 10 | 849 M | 618 K | 62.8 B | 41.47% |
Weighting of Top 10 | 100.06% | 11.4% | 121.1% | 2.50% |
Top 10 Holdings
- Stock Portfolio 60.71%
- Core Bond Portfolio 39.36%
Asset Allocation
Weighting | Return Low | Return High | ERIFX % Rank | |
---|---|---|---|---|
Stocks | 100.06% | 0.00% | 103.09% | 1.80% |
Convertible Bonds | 0.94% | 0.00% | 23.84% | 28.49% |
Preferred Stocks | 0.00% | 0.00% | 23.88% | 97.64% |
Other | 0.00% | -42.80% | 117.44% | 91.26% |
Cash | 0.00% | -10.21% | 100.00% | 99.31% |
Bonds | 0.00% | 0.00% | 77.27% | 98.89% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ERIFX % Rank | |
---|---|---|---|---|
Technology | 23.64% | 0.00% | 44.21% | 18.49% |
Healthcare | 15.37% | 0.00% | 29.35% | 20.03% |
Financial Services | 12.20% | 0.00% | 38.77% | 82.91% |
Industrials | 10.18% | 0.00% | 24.37% | 47.90% |
Consumer Cyclical | 9.75% | 0.00% | 19.36% | 51.40% |
Communication Services | 8.50% | 0.00% | 38.10% | 20.59% |
Consumer Defense | 8.12% | 0.00% | 15.14% | 20.31% |
Utilities | 3.56% | 0.00% | 99.55% | 29.41% |
Real Estate | 3.47% | 0.00% | 65.01% | 45.52% |
Energy | 2.90% | 0.00% | 85.65% | 84.59% |
Basic Materials | 2.31% | 0.00% | 33.35% | 82.91% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ERIFX % Rank | |
---|---|---|---|---|
US | 100.06% | 0.00% | 103.09% | 1.80% |
Non US | 0.00% | 0.00% | 38.68% | 97.92% |
ERIFX - Expenses
Operational Fees
ERIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.22% | 0.03% | 17.63% | 34.67% |
Management Fee | 0.04% | 0.00% | 1.83% | 20.14% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 71.40% |
Administrative Fee | 0.04% | 0.01% | 0.83% | 15.18% |
Sales Fees
ERIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
ERIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 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.
ERIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 7.00% | 0.00% | 343.00% | 4.75% |
ERIFX - Distributions
Dividend Yield Analysis
ERIFX | Category Low | Category High | ERIFX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.33% | 0.00% | 18.10% | 67.72% |
Dividend Distribution Analysis
ERIFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
ERIFX | Category Low | Category High | ERIFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.47% | -2.34% | 19.41% | 83.19% |
Capital Gain Distribution Analysis
ERIFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 12, 2024 | $0.031 | OrdinaryDividend |
Dec 12, 2023 | $0.091 | OrdinaryDividend |
Sep 12, 2023 | $0.032 | OrdinaryDividend |
Jun 12, 2023 | $0.030 | OrdinaryDividend |
Mar 10, 2023 | $0.033 | OrdinaryDividend |
Dec 12, 2022 | $0.434 | OrdinaryDividend |
Sep 12, 2022 | $0.029 | OrdinaryDividend |
Jun 10, 2022 | $0.024 | OrdinaryDividend |
Mar 10, 2022 | $0.019 | OrdinaryDividend |
Sep 10, 2021 | $0.013 | OrdinaryDividend |
Jun 10, 2021 | $0.019 | OrdinaryDividend |
Mar 10, 2021 | $0.021 | OrdinaryDividend |
Sep 10, 2020 | $0.022 | OrdinaryDividend |
Jun 10, 2020 | $0.028 | OrdinaryDividend |
Mar 11, 2020 | $0.032 | OrdinaryDividend |
Sep 11, 2019 | $0.028 | OrdinaryDividend |
Aug 09, 2019 | $0.045 | OrdinaryDividend |
Jun 12, 2019 | $0.028 | OrdinaryDividend |
Mar 12, 2019 | $0.028 | OrdinaryDividend |
Sep 12, 2018 | $0.033 | OrdinaryDividend |
Jun 12, 2018 | $0.030 | OrdinaryDividend |
Mar 12, 2018 | $0.028 | OrdinaryDividend |
Sep 12, 2017 | $0.029 | OrdinaryDividend |
Jun 12, 2017 | $0.032 | OrdinaryDividend |
Mar 10, 2017 | $0.031 | OrdinaryDividend |
Sep 12, 2016 | $0.022 | OrdinaryDividend |
Jun 10, 2016 | $0.029 | OrdinaryDividend |
ERIFX - Fund Manager Analysis
Managers
Charles Gaffney
Start Date
Tenure
Tenure Rank
Nov 01, 2009
12.59
12.6%
Charles Gaffney is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s global core team. He is a member of the firm’s Equity Strategy Committee. He joined Eaton Vance in 2003. Charlie began his career in the investment management industry in 1996. Before joining Eaton Vance, he was affiliated with Brown Brothers Harriman as a sector portfolio manager and Morgan Stanley Dean Witter as a senior equity analyst. Charlie earned a B.A. from Bowdoin College in 1995 and an MBA from Fordham University in 2002.
Vishal Khanduja
Start Date
Tenure
Tenure Rank
Jun 27, 2017
4.93
4.9%
Vishal Khanduja is a vice president and portfolio manager for Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing in responsible and sustainable investing across global capital markets. He joined Calvert Research and Management in 2016. Vishal began his career in the investment management industry in 2005. He has been affiliated with the Eaton Vance organization since 2016. Before joining the Eaton Vance organization, he was a senior vice president, portfolio manager and head of taxable fixed income for Calvert Investments. Previously, he was a vice president and portfolio manager at Columbia Threadneedle and associate director of fixed-income analytics at Galliard Capital. Vishal earned a bachelor of engineering from VJTI, Mumbai, India and an MBA from the Tippie School of Management at the University of Iowa. He is a member of the CFA Institute and the CFA Society of Boston. He is a CFA charterholder.
Brian Ellis
Start Date
Tenure
Tenure Rank
Jun 27, 2017
4.93
4.9%
Brian Ellis is a vice president and portfolio manager for Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing in responsible and sustainable investing across global capital markets. He joined Calvert Research and Management in 2016. Brian began his career in the investment management industry in 2006. He has been affiliated with the Eaton Vance organization since 2016. Before joining the Eaton Vance organization, he was a portfolio manager of fixed-income strategies for Calvert Investments. Previously, he was a software engineer and analyst at Legg Mason Capital Management (now ClearBridge Investments). Brian earned a B.S. in finance from Salisbury University. He is a CFA charterholder and an FSA credential holder. He is a member of the CFA Institute and the CFA Society of Boston.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 34.51 | 6.34 | 2.41 |