Eaton Vance Total Return Bond Fund
Fund
ECBAX
Price as of:
$10.45
+ $0.01
+ 0.10%
Primary Theme
fund company
Name
As of 06/02/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.2%
1 yr return
5.1%
3 Yr Avg Return
5.2%
5 Yr Avg Return
0.6%
Net Assets
$4.13 B
Holdings in Top 10
47.0%
52 WEEK LOW AND HIGH
$10.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.57%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 85.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/02/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
ECBAX - Profile
Distributions
- YTD Total Return 0.2%
- 3 Yr Annualized Total Return 5.2%
- 5 Yr Annualized Total Return 0.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.95%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameEaton Vance Total Return Bond Fund
-
Fund Family NameEatonVance
-
Inception DateNov 19, 2009
-
Shares Outstanding3190035
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Buckley
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in bonds and other fixed and floating-rate income instruments (the “80% Policy”). Bonds and other fixed and floating-rate income instruments include corporate bonds and other fixed income securities, senior and junior loans, U.S. government securities, commercial paper, mortgage-related securities (“MBS”) (including commercial mortgage-backed securities, mortgage dollar rolls and collateralized mortgage obligations) and other asset-backed securities (“ABS”) (including collateralized debt obligations), zero-coupon securities, when-issued securities, repurchase agreements, foreign debt securities (including those issued by companies domiciled in emerging market countries), sovereign debt (including debt issued by emerging market countries), obligations of supranational entities, municipal securities, structured notes, private placements and convertible securities and other hybrid securities (other than preferred stock).
The Fund may invest up to 35% of its net assets in non-U.S. dollar denominated income instruments, including those located in emerging market countries. The Fund may also invest in real estate investment trusts (“REITs”) and preferred stock. Investments in preferred stock will not, however, count towards the Fund’s 80% Policy. The Fund seeks to maintain an average effective duration range of within +/- 50% of the Bloomberg U.S. Aggregate Bond Index’s duration. The Fund may invest up to 35% of its net assets in bonds and other fixed and floating-rate income instruments rated below investment grade (i.e., rated lower than BBB by S&P Global Ratings or Fitch Ratings or lower than Baa by Moody’s Investors Service, Inc., or lower than BBB by Kroll Bond Rating Agency, LLC for securitized debt instruments only (such as ABS and MBS) and in unrated instruments determined by the investment adviser to be of below investment grade quality (“junk bonds”). For purposes of rating restrictions, if securities are rated differently by two or more rating agencies, the highest rating is used. Total return is defined as income plus capital appreciation. The Fund may invest in income instruments of any maturity. The Fund may also invest in cash and money market instruments.
The Fund may invest in derivative instruments, such as options, futures contracts (including index futures contracts), forward foreign currency exchange contracts, swap agreements (including credit default swaps, interest rate swaps, total return swaps, inflation swaps, and swaptions), forward rate agreements, and credit linked notes. The use of these derivative transactions may allow the Fund to obtain net long or short exposures to select currencies, interest rates, countries, duration or credit risks. These derivatives may be used to seek to hedge against fluctuations in securities prices, interest rates, or currency exchange rates, enhance Fund returns, increase liquidity and/or gain exposure to certain instruments or markets (e.g., the corporate bond market) in a more efficient way. The market value of derivatives that have characteristics similar to bonds or other fixed and floating-rate income instruments will be included with bonds and other fixed and floating-rate income instruments for purposes of the Fund’s 80% Policy and other investment restrictions. Except as required by applicable regulation, there is no stated limit on the Fund’s use of derivatives for such purposes.
In managing the Fund, the investment adviser considers macroeconomic factors in determining the Fund’s sector allocation and yield curve positioning and uses fundamental research in selecting individual securities for the portfolio. Macroeconomic factors considered may include, among others, the pace of economic growth, unemployment rates, interest rates, inflation, monetary and fiscal policy, and general trends in global economies and currencies. In combination with the top-down macroeconomic approach, the investment adviser employs a bottom-up process of fundamental securities analysis to select the specific securities for investment. This bottom-up, research-driven and value-oriented approach emphasizes the financial strength of issuers, current valuations and the interest rate sensitivity of investments, among other factors. In selecting securities, the investment adviser generally seeks issuers with attractive valuations. The investment adviser may sell a security when the investment adviser’s valuation target for the security is reached, the fundamentals of the company deteriorate or to pursue more attractive investment options. The investment adviser also considers how purchasing or selling an investment would impact the overall portfolio’s potential return (income and capital gains) and risk profile (for example, its sensitivity to currency risk, interest rate risk and sector-specific risk) on both a benchmark-relative and absolute return basis, and may include allocations to securities outside the benchmark. When deemed by the investment adviser to be relevant to its evaluation of creditworthiness and when applicable information is available, the investment adviser considers
environmental, social and/or governance issues (referred to as ESG) which may impact the prospects of an issuer (or obligor) or financial performance of an obligation. When considered, one or more ESG issues are taken into account alongside other factors in the investment decision-making process and are not the sole determinant of whether an investment can be made or will remain in the Fund’s portfolio.
ECBAX - Performance
Return Ranking - Trailing
| Period | ECBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.2% | -3.4% | 4.8% | 81.80% |
| 1 Yr | 5.1% | -0.8% | 14.1% | 63.94% |
| 3 Yr | 5.2%* | -3.9% | 13.5% | 15.49% |
| 5 Yr | 0.6%* | -5.3% | 6.0% | 22.87% |
| 10 Yr | 2.6%* | -0.4% | 74.5% | 9.13% |
* Annualized
Return Ranking - Calendar
| Period | ECBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 3.7% | -4.7% | 18.4% | 12.86% |
| 2024 | -0.9% | -13.2% | 4.6% | 8.53% |
| 2023 | 0.9% | -16.2% | 6.8% | 89.27% |
| 2022 | -16.1% | -34.7% | 2.1% | 51.87% |
| 2021 | -0.5% | -11.6% | 4.4% | 1.83% |
Total Return Ranking - Trailing
| Period | ECBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.2% | -3.4% | 4.8% | 81.80% |
| 1 Yr | 5.1% | -0.8% | 14.1% | 63.94% |
| 3 Yr | 5.2%* | -3.9% | 13.5% | 15.49% |
| 5 Yr | 0.6%* | -5.3% | 6.0% | 22.87% |
| 10 Yr | 2.6%* | -0.4% | 74.5% | 9.13% |
* Annualized
Total Return Ranking - Calendar
| Period | ECBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 8.5% | -2.0% | 22.5% | 11.49% |
| 2024 | 4.1% | -12.6% | 12.0% | 4.44% |
| 2023 | 5.8% | -11.3% | 11.9% | 57.31% |
| 2022 | -13.6% | -32.2% | 3.6% | 50.12% |
| 2021 | 2.1% | -5.9% | 9.2% | 2.19% |
NAV & Total Return History
ECBAX - Holdings
Concentration Analysis
| ECBAX | Category Low | Category High | ECBAX % Rank | |
|---|---|---|---|---|
| Net Assets | 4.13 B | 3.02 M | 390 B | 32.54% |
| Number of Holdings | 517 | 1 | 17368 | 64.34% |
| Net Assets in Top 10 | 1.92 B | 1.89 M | 44 B | 18.74% |
| Weighting of Top 10 | 47.01% | 4.8% | 128.8% | 8.50% |
Top 10 Holdings
- U.S. Treasury Notes 11.60%
- Morgan Stanley Institutional Liquidity Funds - Government Portfolio 8.60%
- Uniform Mortgage-Backed Security, TBA 6.79%
- U.S. Treasury Notes 6.06%
- U.S. Treasury Bonds 3.92%
- U.S. Treasury Notes 3.40%
- U.S. Treasury Notes 2.73%
- U.S. Treasury Bonds 1.43%
- Freddie Mac Pool 1.31%
- Uniform Mortgage-Backed Security, TBA 1.16%
Asset Allocation
| Weighting | Return Low | Return High | ECBAX % Rank | |
|---|---|---|---|---|
| Bonds | 87.04% | 0.00% | 222.86% | 78.38% |
| Cash | 8.95% | -24.88% | 99.53% | 10.40% |
| Other | 7.88% | -14.76% | 71.36% | 32.34% |
| Stocks | 3.47% | 0.00% | 100.02% | 8.08% |
| Convertible Bonds | 1.48% | 0.00% | 7.93% | 47.58% |
| Preferred Stocks | 0.31% | 0.00% | 74.76% | 12.57% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ECBAX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 55.56% |
| Technology | 0.00% | 0.00% | 43.45% | 42.29% |
| Real Estate | 0.00% | 0.00% | 99.26% | 39.78% |
| Industrials | 0.00% | 0.00% | 48.31% | 45.16% |
| Healthcare | 0.00% | 0.00% | 17.70% | 49.82% |
| Financial Services | 0.00% | 0.00% | 100.00% | 51.61% |
| Energy | 0.00% | 0.00% | 100.00% | 5.38% |
| Communication Services | 0.00% | 0.00% | 100.00% | 55.20% |
| Consumer Defense | 0.00% | 0.00% | 99.67% | 39.07% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 46.95% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 42.29% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ECBAX % Rank | |
|---|---|---|---|---|
| US | 3.47% | 0.00% | 100.02% | 8.11% |
| Non US | 0.00% | 0.00% | 88.34% | 15.66% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | ECBAX % Rank | |
|---|---|---|---|---|
| Corporate | 39.08% | 0.00% | 100.00% | 23.73% |
| Securitized | 36.91% | 0.00% | 98.40% | 27.53% |
| Government | 23.36% | 0.00% | 86.23% | 54.95% |
| Cash & Equivalents | 8.95% | 0.00% | 91.82% | 10.17% |
| Municipal | 0.00% | 0.00% | 100.00% | 76.50% |
| Derivative | -0.39% | -10.74% | 33.51% | 92.91% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | ECBAX % Rank | |
|---|---|---|---|---|
| US | 82.46% | 0.00% | 222.86% | 80.91% |
| Non US | 4.58% | 0.00% | 36.90% | 14.29% |
ECBAX - Expenses
Operational Fees
| ECBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.57% | 0.01% | 30.45% | 6.65% |
| Management Fee | 0.43% | 0.00% | 1.76% | 79.66% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 84.11% |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| ECBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 4.00% | 8.33% |
Trading Fees
| ECBAX 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.
| ECBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 85.00% | 2.00% | 493.39% | 37.85% |
ECBAX - Distributions
Dividend Yield Analysis
| ECBAX | Category Low | Category High | ECBAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 10.11% | 15.36% |
Dividend Distribution Analysis
| ECBAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| ECBAX | Category Low | Category High | ECBAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.95% | -1.28% | 4.79% | 34.69% |
Capital Gain Distribution Analysis
| ECBAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 30, 2026 | $0.034 | OrdinaryDividend |
| Mar 31, 2026 | $0.034 | OrdinaryDividend |
| Feb 27, 2026 | $0.034 | OrdinaryDividend |
| Jan 30, 2026 | $0.035 | OrdinaryDividend |
| Dec 31, 2025 | $0.041 | OrdinaryDividend |
| Nov 28, 2025 | $0.037 | OrdinaryDividend |
| Oct 31, 2025 | $0.037 | OrdinaryDividend |
| Sep 30, 2025 | $0.037 | OrdinaryDividend |
| Aug 29, 2025 | $0.037 | OrdinaryDividend |
| Jul 31, 2025 | $0.037 | OrdinaryDividend |
| Jun 30, 2025 | $0.036 | OrdinaryDividend |
| May 30, 2025 | $0.037 | OrdinaryDividend |
| Apr 30, 2025 | $0.035 | OrdinaryDividend |
| Mar 31, 2025 | $0.037 | OrdinaryDividend |
| Feb 28, 2025 | $0.035 | OrdinaryDividend |
| Jan 31, 2025 | $0.036 | OrdinaryDividend |
| Dec 31, 2024 | $0.037 | OrdinaryDividend |
| Nov 29, 2024 | $0.036 | OrdinaryDividend |
| Oct 31, 2024 | $0.038 | OrdinaryDividend |
| Sep 30, 2024 | $0.039 | OrdinaryDividend |
| Aug 30, 2024 | $0.038 | OrdinaryDividend |
| Jul 31, 2024 | $0.040 | OrdinaryDividend |
| Apr 30, 2024 | $0.039 | OrdinaryDividend |
| Mar 28, 2024 | $0.039 | OrdinaryDividend |
| Feb 29, 2024 | $0.041 | OrdinaryDividend |
| Jan 31, 2024 | $0.038 | OrdinaryDividend |
| Dec 29, 2023 | $0.040 | OrdinaryDividend |
| Nov 30, 2023 | $0.041 | OrdinaryDividend |
| Oct 31, 2023 | $0.040 | OrdinaryDividend |
| Sep 29, 2023 | $0.040 | OrdinaryDividend |
| Aug 31, 2023 | $0.040 | OrdinaryDividend |
| Jul 31, 2023 | $0.038 | OrdinaryDividend |
| Jun 30, 2023 | $0.037 | OrdinaryDividend |
| May 31, 2023 | $0.039 | OrdinaryDividend |
| Apr 28, 2023 | $0.037 | OrdinaryDividend |
| Mar 31, 2023 | $0.036 | OrdinaryDividend |
| Feb 28, 2023 | $0.035 | OrdinaryDividend |
| Jan 31, 2023 | $0.033 | OrdinaryDividend |
| Dec 30, 2022 | $0.032 | OrdinaryDividend |
| Nov 30, 2022 | $0.031 | OrdinaryDividend |
| Oct 31, 2022 | $0.028 | OrdinaryDividend |
| Sep 30, 2022 | $0.027 | OrdinaryDividend |
| Aug 31, 2022 | $0.028 | OrdinaryDividend |
| Jul 29, 2022 | $0.026 | OrdinaryDividend |
| Jun 30, 2022 | $0.025 | OrdinaryDividend |
| May 31, 2022 | $0.025 | OrdinaryDividend |
| Apr 29, 2022 | $0.022 | OrdinaryDividend |
| Mar 31, 2022 | $0.020 | OrdinaryDividend |
| Feb 28, 2022 | $0.021 | OrdinaryDividend |
| Jan 31, 2022 | $0.017 | OrdinaryDividend |
| Dec 31, 2021 | $0.016 | OrdinaryDividend |
| Dec 03, 2021 | $0.073 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.017 | OrdinaryDividend |
| Oct 29, 2021 | $0.015 | OrdinaryDividend |
| Sep 30, 2021 | $0.015 | OrdinaryDividend |
| Aug 31, 2021 | $0.018 | OrdinaryDividend |
| Jul 30, 2021 | $0.017 | OrdinaryDividend |
| Jun 30, 2021 | $0.020 | OrdinaryDividend |
| May 28, 2021 | $0.024 | OrdinaryDividend |
| Apr 30, 2021 | $0.021 | OrdinaryDividend |
| Mar 31, 2021 | $0.022 | OrdinaryDividend |
| Feb 26, 2021 | $0.024 | OrdinaryDividend |
| Jan 29, 2021 | $0.017 | OrdinaryDividend |
| Dec 31, 2020 | $0.022 | OrdinaryDividend |
| Dec 03, 2020 | $0.036 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.027 | OrdinaryDividend |
| Oct 30, 2020 | $0.026 | OrdinaryDividend |
| Sep 30, 2020 | $0.028 | OrdinaryDividend |
| Aug 31, 2020 | $0.030 | OrdinaryDividend |
| Jul 31, 2020 | $0.027 | OrdinaryDividend |
| Jun 30, 2020 | $0.025 | OrdinaryDividend |
| May 29, 2020 | $0.030 | OrdinaryDividend |
| Apr 30, 2020 | $0.029 | OrdinaryDividend |
| Mar 31, 2020 | $0.027 | OrdinaryDividend |
| Feb 28, 2020 | $0.027 | OrdinaryDividend |
| Jan 31, 2020 | $0.025 | OrdinaryDividend |
| Dec 31, 2019 | $0.026 | OrdinaryDividend |
| Dec 03, 2019 | $0.009 | CapitalGainShortTerm |
| Nov 29, 2019 | $0.027 | OrdinaryDividend |
| Oct 31, 2019 | $0.024 | OrdinaryDividend |
| Sep 30, 2019 | $0.026 | OrdinaryDividend |
| Aug 30, 2019 | $0.026 | OrdinaryDividend |
| Jul 31, 2019 | $0.029 | OrdinaryDividend |
| Dec 10, 2015 | $0.149 | CapitalGainLongTerm |
| Dec 13, 2012 | $0.002 | CapitalGainShortTerm |
| Dec 13, 2012 | $0.076 | CapitalGainLongTerm |
| Dec 22, 2010 | $0.004 | CapitalGainShortTerm |
ECBAX - Fund Manager Analysis
Managers
Matthew Buckley
Start Date
Tenure
Tenure Rank
May 01, 2015
7.09
7.1%
Matthew Buckley is a Vice President of Boston Management and Research since May 2015. Mr. Buckley is currently a portfolio manager and has been a structured finance analyst in Eaton Vance’s Diversified Fixed Income group for more than five years.
John Croft
Start Date
Tenure
Tenure Rank
Jun 24, 2019
2.94
2.9%
John Croft is a vice president of Eaton Vance Management, director of credit research and portfolio manager on Eaton Vance’s investmentgrade fixed-income team. Prior to joining Eaton Vance in 2004, John was a credit analyst with Fidelity Management & Research Co., focusing on credit analysis of international and domestic financial institutions.
Vishal Khanduja
Start Date
Tenure
Tenure Rank
Jun 24, 2019
2.94
2.9%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.81 | 1.16 |