Eaton Vance Special Equities Fund
Name
As of 09/15/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.7%
1 yr return
13.2%
3 Yr Avg Return
13.9%
5 Yr Avg Return
9.6%
Net Assets
$51.8 M
Holdings in Top 10
25.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.25%
SALES FEES
Front Load 5.25%
Deferred Load N/A
TRADING FEES
Turnover 58.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/15/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
EVSEX - Profile
Distributions
- YTD Total Return 5.7%
- 3 Yr Annualized Total Return 13.9%
- 5 Yr Annualized Total Return 9.6%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio -0.29%
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameEaton Vance Special Equities Fund
-
Fund Family NameEatonVance
-
Inception DateJan 03, 1994
-
Shares Outstanding1235059
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael McLean
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities (the “80% Policy”). The Fund invests primarily in common stocks of companies with market capitalizations comparable to those of companies included in the Russell 2500™ Index, but the Fund may also invest in larger or smaller companies that the investment adviser believes have growth characteristics as described below. As of December 31, 2022, the market capitalization range for Russell 2500™ Index was $6 million to $21.2 billion. Market capitalizations of companies within the Russell 2500™ Index are subject to change. 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 stocks 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 and Global Depositary Receipts, that evidence ownership in underlying foreign stocks). 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”).
Investment decisions for the Fund are made primarily on the basis of fundamental research. The portfolio managers utilize information provided by, and the expertise of the investment adviser’s research staff in making investment decisions. The portfolio managers look for companies that, in their opinion, are high in quality or improving in quality. The portfolio managers take a long-term perspective when selecting companies and the quality focus typically leads them to companies benefitting from structural growth or structural change. Sought after company characteristics may include: a business model with identifiable competitive advantage(s)/barrier(s) to entry, a scalable market opportunity, a solid balance sheet, and a strong management team with a history of good capital allocation. Such companies typically exhibit high or improving returns on capital, strong free-cash-flow generation, and positive or inflecting earnings. The portfolio managers also employ a disciplined valuation framework in pursuit of attractive risk adjusted returns. The portfolio managers seek to manage investment risk by maintaining broad issuer and industry diversification among the Fund’s holdings, and by utilizing fundamental analysis of risk/return characteristics in securities selection. Securities may be sold if, in the opinion of the portfolio managers, the price moves above a fair level of valuation, the company’s fundamentals deteriorate, or to pursue more attractive investment opportunities. 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.
EVSEX - Performance
Return Ranking - Trailing
Period | EVSEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.7% | -45.3% | 29.4% | 74.87% |
1 Yr | 13.2% | -52.8% | 651.7% | 39.93% |
3 Yr | 13.9%* | -52.7% | 37.0% | 14.71% |
5 Yr | 9.6%* | -49.1% | 80.5% | 46.15% |
10 Yr | 9.6%* | -30.0% | 12.5% | 73.56% |
* Annualized
Return Ranking - Calendar
Period | EVSEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -20.9% | -85.6% | 350.1% | 7.33% |
2022 | 4.6% | -77.0% | 238.3% | 30.88% |
2021 | 9.6% | -44.1% | 2474.5% | 91.08% |
2020 | 22.6% | -50.2% | 44.0% | 64.77% |
2019 | -12.7% | -51.7% | 102.3% | 42.24% |
Total Return Ranking - Trailing
Period | EVSEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.7% | -45.3% | 29.4% | 74.87% |
1 Yr | 13.2% | -49.6% | 803.0% | 39.93% |
3 Yr | 13.9%* | -23.0% | 91.4% | 14.71% |
5 Yr | 9.6%* | -8.2% | 91.8% | 46.15% |
10 Yr | 9.6%* | -10.9% | 36.2% | 73.56% |
* Annualized
Total Return Ranking - Calendar
Period | EVSEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -13.3% | -67.0% | 440.7% | 8.41% |
2022 | 33.1% | -23.5% | 342.2% | 22.06% |
2021 | 13.8% | 2.6% | 2549.1% | 96.39% |
2020 | 33.7% | 14.6% | 44.8% | 58.51% |
2019 | -5.0% | -25.2% | 124.7% | 42.86% |
NAV & Total Return History
EVSEX - Holdings
Concentration Analysis
EVSEX | Category Low | Category High | EVSEX % Rank | |
---|---|---|---|---|
Net Assets | 51.8 M | 127 K | 117 B | 89.93% |
Number of Holdings | 69 | 20 | 3702 | 59.89% |
Net Assets in Top 10 | 13 M | 360 K | 10.9 B | 92.93% |
Weighting of Top 10 | 25.59% | 5.5% | 92.1% | 59.72% |
Top 10 Holdings
- CBIZ Inc 3.05%
- Rentokil Initial PLC 2.90%
- Valvoline Inc 2.89%
- Chemed Corp 2.78%
- Cooper Cos Inc/The 2.63%
- Fair Isaac Corp 2.48%
- Dorman Products Inc 2.30%
- Wyndham Hotels Resorts Inc 2.22%
- AZEK Co Inc/The 2.20%
- Equity LifeStyle Properties Inc 2.14%
Asset Allocation
Weighting | Return Low | Return High | EVSEX % Rank | |
---|---|---|---|---|
Stocks | 99.41% | 23.99% | 100.52% | 18.37% |
Cash | 0.59% | -0.52% | 26.94% | 75.80% |
Preferred Stocks | 0.00% | 0.00% | 2.30% | 68.37% |
Other | 0.00% | -2.66% | 23.05% | 74.73% |
Convertible Bonds | 0.00% | 0.00% | 0.40% | 65.55% |
Bonds | 0.00% | 0.00% | 44.75% | 66.43% |
Stock Sector Breakdown
Weighting | Return Low | Return High | EVSEX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 18.83% | 0.00% | 57.41% | 10.07% |
Financial Services | 17.48% | 0.00% | 43.01% | 8.83% |
Industrials | 16.46% | 0.00% | 38.23% | 31.10% |
Healthcare | 15.20% | 0.00% | 43.77% | 74.56% |
Technology | 13.32% | 0.04% | 62.17% | 95.41% |
Real Estate | 7.44% | 0.00% | 19.28% | 11.31% |
Consumer Defense | 3.11% | 0.00% | 16.40% | 30.92% |
Utilities | 2.59% | 0.00% | 12.94% | 8.13% |
Energy | 2.53% | 0.00% | 62.10% | 37.63% |
Communication Services | 1.95% | 0.00% | 18.33% | 62.01% |
Basic Materials | 1.09% | 0.00% | 17.25% | 68.90% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | EVSEX % Rank | |
---|---|---|---|---|
US | 99.41% | 23.38% | 100.52% | 15.37% |
Non US | 0.00% | 0.00% | 35.22% | 73.85% |
EVSEX - Expenses
Operational Fees
EVSEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.25% | 0.02% | 19.28% | 36.30% |
Management Fee | 0.63% | 0.00% | 1.50% | 28.32% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 49.37% |
Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
EVSEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.25% | 3.50% | 5.75% | 80.60% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
EVSEX 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.
EVSEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 58.00% | 0.00% | 250.31% | 64.96% |
EVSEX - Distributions
Dividend Yield Analysis
EVSEX | Category Low | Category High | EVSEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.81% | 68.37% |
Dividend Distribution Analysis
EVSEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
EVSEX | Category Low | Category High | EVSEX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.29% | -2.24% | 2.75% | 23.12% |
Capital Gain Distribution Analysis
EVSEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 06, 2019 | $0.834 | OrdinaryDividend |
Aug 09, 2019 | $0.238 | OrdinaryDividend |
Aug 02, 2013 | $0.120 | ExtraDividend |
Jan 31, 1986 | $0.017 | OrdinaryDividend |
Jan 31, 1985 | $0.017 | OrdinaryDividend |
EVSEX - Fund Manager Analysis
Managers
Michael McLean
Start Date
Tenure
Tenure Rank
Jan 29, 2015
7.34
7.3%
Michael McLean is a vice president of Eaton Vance Management, co-director of U.S. small-cap equity and a portfolio manager and equity analyst on Eaton Vance’s small-/midcap team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s small- and midcap equity portfolios, as well as coverage of the consumer discretionary and consumer staples sectors. He began his career in the investment management industry with Eaton Vance in 2001. Mike earned a B.S. from Providence College. He is a CFA charterholder.
J. Griffith Noble
Start Date
Tenure
Tenure Rank
Jan 29, 2015
7.34
7.3%
J. Griffith Noble 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. Griff began his career in the investment management industry in 1996. He has been affiliated with the Eaton Vance organization since 2012. Before joining the Eaton Vance organization, he was an equity analyst with BlackRock, Inc. He was previously affiliated with Byram Capital Management, Emerson Investment Management, Deutsche Asset Management and Putnam Investments. Griff earned a B.S. from the University of Vermont and an MBA from Babson College. He is a member of the CFA Society of Boston and is a CFA charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 36.3 | 9.27 | 2.25 |