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Name

As of 06/01/2026

Price

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

Parametric Commodity Strategy Fund

EIPCX | Fund

$8.08

$3.26 B

11.03%

$0.88

0.69%

Vitals

YTD Return

21.9%

1 yr return

41.9%

3 Yr Avg Return

18.6%

5 Yr Avg Return

14.4%

Net Assets

$3.26 B

Holdings in Top 10

53.1%

52 WEEK LOW AND HIGH

$8.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.69%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 0.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$50,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

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

Parametric Commodity Strategy Fund

EIPCX | Fund

$8.08

$3.26 B

11.03%

$0.88

0.69%

EIPCX - Profile

Distributions

  • YTD Total Return 21.9%
  • 3 Yr Annualized Total Return 18.6%
  • 5 Yr Annualized Total Return 14.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.46%
DIVIDENDS
  • Dividend Yield 11.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Parametric Commodity Strategy Fund
  • Fund Family Name
    EatonVance
  • Inception Date
    May 25, 2011
  • Shares Outstanding
    308588559
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • 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 securities (including Treasury bills, Treasury notes, and Treasury inflation-protected securities) and money market instruments. The Fund may also invest in an affiliated investment company that invests in 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 linked notes, that provide exposure to the investment returns of the
commodities markets, without investing directly in physical commodities. The Fund may also invest in exchange-traded funds (“ETFs”) that provide exposure to commodities. The Fund seeks to gain exposure to the commodity markets, in whole or in part, through investments in PSC Commodity Subsidiary, Ltd., a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”) with the same investment objective and principal investment strategies as the Fund.
The commodity-linked derivative instruments in which the Fund invests are intended to provide returns based on the performance of a particular commodity or particular basket of commodities. Except as required by applicable regulation, there is no stated limit on the Fund’s use of derivatives for such purposes. The Fund attempts to provide a diversified exposure to a variety of commodities. In this pursuit, the Fund may maintain large overweight or underweight commodity positions versus the  Bloomberg Commodity Index Total Return (the “Index”). Similarly, the Fund may hold underweight or overweight positions in particular sectors of the commodities markets versus the Index.
The Fund seeks to employ a top-down, disciplined and systematic investment process that emphasizes broad exposure among individual commodities and commodity sectors. This rules-based strategy utilizes targeted allocation and systematic  rebalancing to attempt to exploit certain quantitative and behavioral characteristics of the commodity asset class to generate alpha (i.e. excess returns versus the index). The investment process is periodically re-evaluated and may be adjusted to ensure that the process is consistent with the Fund’s investment objective and strategies. Commodity exposures are selected based on factors such as volatility, liquidity, diversification, and perceived risk and potential benefit. Commodity target weights are created to attempt to reduce concentration risk relative to the Index. The frequency of rebalancing depends on the correlation and volatility of the individual commodity. Rules-based rebalancing bands are set around target weights to attempt to minimize trading cost.
Read More

EIPCX - Performance

Return Ranking - Trailing

Period EIPCX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.9% -14.6% 95.9% 60.98%
1 Yr 41.9% -31.6% 114.7% 37.40%
3 Yr 18.6%* -21.6% 46.4% 22.76%
5 Yr 14.4%* -23.2% 142.4% 29.75%
10 Yr 11.1%* -20.6% 57.8% 25.53%

* Annualized

Return Ranking - Calendar

Period EIPCX Return Category Return Low Category Return High Rank in Category (%)
2025 7.6% -27.1% 145.3% 38.21%
2024 4.1% -20.5% 28.2% 22.76%
2023 -8.1% -64.0% 30.1% 45.53%
2022 2.1% -40.8% 2475.6% 40.16%
2021 13.7% -23.3% 106.7% 42.15%

Total Return Ranking - Trailing

Period EIPCX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.9% -14.6% 95.9% 60.98%
1 Yr 41.9% -31.6% 114.7% 37.40%
3 Yr 18.6%* -21.6% 46.4% 22.76%
5 Yr 14.4%* -23.2% 142.4% 29.75%
10 Yr 11.1%* -20.6% 57.8% 25.53%

* Annualized

Total Return Ranking - Calendar

Period EIPCX Return Category Return Low Category Return High Rank in Category (%)
2025 22.3% -27.1% 145.3% 21.95%
2024 10.0% -20.5% 33.5% 14.63%
2023 -4.7% -64.0% 41.1% 39.84%
2022 17.6% -15.1% 5648.8% 29.51%
2021 29.8% -23.3% 188.1% 47.11%

NAV & Total Return History

EIPCX - Holdings

Concentration Analysis

EIPCX Category Low Category High EIPCX % Rank
Net Assets 3.26 B 2.34 M 71.5 B 13.91%
Number of Holdings 94 1 1146 44.72%
Net Assets in Top 10 1.67 B 2.66 M 30.7 B 21.14%
Weighting of Top 10 53.08% 23.2% 152.9% 78.99%

Top 10 Holdings

  1. Morgan Stanley Institutional Liquidity Funds - Government Portfolio 13.64%
  2. U.S. Treasury Notes 7.44%
  3. U.S. Treasury Notes 7.26%
  4. U.S. Treasury Bills 4.74%
  5. U.S. Treasury Inflation-Indexed Notes 4.30%
  6. SPDR Gold MiniShares Trust 3.77%
  7. U.S. Treasury Notes 3.47%
  8. U.S. Treasury Notes 2.95%
  9. U.S. Treasury Notes 2.81%
  10. U.S. Treasury Bills 2.70%

Asset Allocation

Weighting Return Low Return High EIPCX % Rank
Bonds 		56.62% 0.00% 106.45% 30.08%
Cash 		35.89% 0.00% 102.64% 42.15%
Stocks 		3.77% 0.00% 64.15% 28.46%
Other 		3.72% 0.00% 100.00% 80.17%
Preferred Stocks 		0.00% 0.00% 0.08% 66.12%
Convertible Bonds 		0.00% 0.00% 3.89% 75.00%

Stock Sector Breakdown

Weighting Return Low Return High EIPCX % Rank
Utilities 		0.00% 0.00% 0.00% N/A
Technology 		0.00% 0.00% 0.00% N/A
Real Estate 		0.00% 0.00% 0.00% N/A
Industrials 		0.00% 0.00% 11.11% N/A
Healthcare 		0.00% 0.00% 1.09% N/A
Financial Services 		0.00% 0.00% 0.72% N/A
Energy 		0.00% 0.00% 33.64% N/A
Communication Services 		0.00% 0.00% 100.00% N/A
Consumer Defense 		0.00% 0.00% 12.04% N/A
Consumer Cyclical 		0.00% 0.00% 1.51% N/A
Basic Materials 		0.00% 0.00% 47.41% N/A

Stock Geographic Breakdown

Weighting Return Low Return High EIPCX % Rank
US 		3.77% 0.00% 64.15% 28.93%
Non US 		0.00% 0.00% 20.82% 68.60%

Bond Sector Breakdown

Weighting Return Low Return High EIPCX % Rank
Government 		50.02% 0.00% 100.00% 23.15%
Cash & Equivalents 		29.07% 0.00% 102.64% 54.13%
Derivative 		3.72% -1.35% 99.96% 44.04%
Securitized 		0.00% 0.00% 19.62% 75.93%
Corporate 		0.00% 0.00% 42.72% 80.56%
Municipal 		0.00% 0.00% 1.45% 65.74%

Bond Geographic Breakdown

Weighting Return Low Return High EIPCX % Rank
US 		56.62% 0.00% 100.77% 30.58%
Non US 		0.00% 0.00% 11.90% 68.60%

EIPCX - Expenses

Operational Fees

EIPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.16% 2.65% 90.43%
Management Fee 0.54% 0.00% 1.00% 33.11%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

EIPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% 100.00%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

EIPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

EIPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 162.00% 25.61%

EIPCX - Distributions

Dividend Yield Analysis

EIPCX Category Low Category High EIPCX % Rank
Dividend Yield 11.03% 0.00% 19.94% 29.14%

Dividend Distribution Analysis

EIPCX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Annually

Net Income Ratio Analysis

EIPCX Category Low Category High EIPCX % Rank
Net Income Ratio -0.46% -55.71% 52.26% 46.67%

Capital Gain Distribution Analysis

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

Distributions History

View More +

EIPCX - Fund Manager Analysis

Managers

Thomas Seto

Start Date

Tenure

Tenure Rank

May 25, 2011

11.02

11.0%

Thomas is responsible for all portfolio management and trading related to our equity strategies. 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

4.08

4.1%

Greg drives strategy evolution across Parametric’s Emerging Markets, International Equity, and Commodities strategies. Since joining Parametric in 2010 (originally as an employee of the Clifton Group, which was acquired by Parametric in 2012), Greg has provided portfolio management in the areas of risk and exposure management and customized implementation solutions. He’s a member of the CFA Society of Minnesota. He earned a BS in business administration with a finance concentration from North Dakota State University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 17.03 6.41 11.51

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