EIRAX: Eaton Vance Richard Bernstein All Asset Strategy Fund - MutualFunds.com

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Eaton Vance Rich Bern All Asst Strat I

EIRAX - Snapshot

Vitals

  • YTD Return 7.5%
  • 3 Yr Annualized Return 3.1%
  • 5 Yr Annualized Return 5.5%
  • Net Assets $730 M
  • Holdings in Top 10 49.9%

52 WEEK LOW AND HIGH

$15.47
$12.79
$15.49

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.96%

SALES FEES

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

BROKERAGE FEES

  • Turnover 70.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250,000
  • IRA N/A

Fund Classification


Compare EIRAX to Popular Tactical Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.98

+0.08%

$14.56 B

3.58%

$0.43

0.84%

0.22%

$11.43

-0.09%

$3.66 B

2.56%

$0.29

5.93%

0.76%

$8.07

+0.12%

$2.80 B

3.31%

$0.27

-2.54%

1.53%

$9.92

+0.41%

$2.54 B

1.30%

$0.13

2.69%

1.30%

$18.46

-0.22%

$1.48 B

1.65%

$0.31

24.06%

0.33%

EIRAX - Profile

Distributions

  • YTD Total Return 7.5%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.92%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Eaton Vance Richard Bernstein All Asset Strategy Fund
  • Fund Family Name
    Eaton Vance
  • Inception Date
    Sep 30, 2011
  • Shares Outstanding
    36367633
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Richard Bernstein

Fund Description

The fund has flexibility to allocate its assets in markets around the world and among various asset classes, including equity, fixed-income, commodity, currency and cash investments. Under normal circumstances, the advisor currently expects to invest 0-75% of its net assets in equity securities, 25-90% in fixed-income securities and other fixed and floating-rate income instruments, 0-25% in commodities (primarily through the use of ETFs that invest in commodities or commodities-related investments) and/or currencies, and 0-25% in cash and cash equivalents. It may also invest in derivatives to obtain such exposures.


EIRAX - Performance

Return Ranking - Trailing

Period EIRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.5% -18.8% 52.0% 21.72%
1 Yr 5.7% -17.8% 67.2% 15.16%
3 Yr 3.1%* -8.0% 17.5% 36.17%
5 Yr 5.5%* -4.5% 12.9% 24.75%
10 Yr N/A* -3.0% 9.1% N/A

* Annualized

Return Ranking - Calendar

Period EIRAX Return Category Return Low Category Return High Rank in Category (%)
2019 7.9% -11.4% 26.7% 75.93%
2018 -10.0% -28.0% 1.6% 42.48%
2017 12.4% -11.6% 27.5% 29.11%
2016 6.3% -14.9% 16.0% 30.96%
2015 -2.3% -87.3% 1.7% 9.64%

Total Return Ranking - Trailing

Period EIRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.5% -18.8% 52.0% 21.72%
1 Yr 5.7% -18.1% 67.2% 14.34%
3 Yr 3.1%* -8.0% 17.5% 33.62%
5 Yr 5.5%* -4.5% 12.9% 22.77%
10 Yr N/A* -3.0% 9.1% N/A

* Annualized

Total Return Ranking - Calendar

Period EIRAX Return Category Return Low Category Return High Rank in Category (%)
2019 7.9% -11.4% 26.7% 75.93%
2018 -10.0% -28.0% 1.6% 69.91%
2017 15.0% -5.4% 27.6% 35.21%
2016 7.1% -14.9% 19.7% 38.58%
2015 -0.7% -87.3% 2.5% 20.48%

NAV & Total Return History


EIRAX - Holdings

Concentration Analysis

EIRAX Category Low Category High EIRAX % Rank
Net Assets 730 M 991 K 14.6 B 16.73%
Number of Holdings 287 4 1814 17.55%
Net Assets in Top 10 370 M 333 K 8.8 B 22.45%
Weighting of Top 10 49.94% 16.8% 100.0% 71.23%

Top 10 Holdings

  1. iShares Intermediate-Term Corp Bd ETF 15.07%
  2. First Trust Low Duration Oppos ETF 11.67%
  3. Invesco National AMT-Free Muni Bd ETF 8.51%
  4. iShares MSCI China ETF 4.25%
  5. United States Treasury Notes 2.25% 2.28%
  6. United States Treasury Notes 1.25% 1.85%
  7. United States Treasury Notes 1.38% 1.73%
  8. United States Treasury Notes 1.88% 1.59%
  9. PIMCO Enhanced Short Maturity Active ETF 1.50%
  10. Apple Inc 1.49%

Asset Allocation

Weighting Return Low Return High EIRAX % Rank
Bonds
47.92% 0.00% 308.81% 31.43%
Stocks
41.39% 0.00% 116.32% 66.94%
Cash
10.03% -269.48% 87.83% 38.78%
Convertible Bonds
0.67% 0.00% 5.73% 28.16%
Preferred Stocks
0.00% 0.00% 19.67% 99.18%
Other
0.00% -1.60% 77.76% 95.10%

Stock Sector Breakdown

Weighting Return Low Return High EIRAX % Rank
Healthcare
15.68% 0.00% 39.15% 22.32%
Technology
13.84% 0.00% 95.84% 82.83%
Industrials
12.62% 0.00% 19.48% 14.59%
Consumer Defense
11.94% 0.00% 31.10% 12.45%
Consumer Cyclical
11.21% 0.00% 49.17% 47.64%
Financial Services
9.85% 0.00% 96.34% 74.68%
Basic Materials
7.98% 0.00% 68.84% 12.02%
Communication Services
7.78% 0.00% 34.85% 68.24%
Energy
5.32% 0.00% 10.11% 5.15%
Utilities
2.77% 0.00% 95.94% 63.09%
Real Estate
1.01% 0.00% 100.00% 80.69%

Stock Geographic Breakdown

Weighting Return Low Return High EIRAX % Rank
US
23.93% -3.83% 115.24% 72.65%
Non US
17.46% 0.00% 63.52% 33.47%

Bond Sector Breakdown

Weighting Return Low Return High EIRAX % Rank
Government
24.74% 0.00% 95.45% 62.04%
Corporate
24.68% 0.00% 100.00% 30.20%
Securitized
21.07% 0.00% 69.35% 7.76%
Cash & Equivalents
16.07% 0.00% 100.00% 73.47%
Municipal
13.44% 0.00% 13.44% 1.22%
Derivative
0.00% 0.00% 61.13% 98.37%

Bond Geographic Breakdown

Weighting Return Low Return High EIRAX % Rank
US
43.97% -14.41% 205.82% 28.16%
Non US
3.95% 0.00% 167.73% 52.24%

EIRAX - Expenses

Operational Fees

EIRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.22% 4.67% 82.79%
Management Fee 0.84% 0.10% 1.50% 56.38%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.70% N/A

Sales Fees

EIRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

EIRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

EIRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 70.00% 0.00% 474.00% 38.46%

EIRAX - Distributions

Dividend Yield Analysis

EIRAX Category Low Category High EIRAX % Rank
Dividend Yield 0.00% 0.00% 8.80% 98.37%

Dividend Distribution Analysis

EIRAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

EIRAX Category Low Category High EIRAX % Rank
Net Income Ratio 0.92% -1.71% 6.58% 51.23%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

EIRAX - Fund Manager Analysis

Managers

Richard Bernstein


Start Date

Tenure

Tenure Rank

Sep 30, 2011

9.09

9.1%

Richard Bernstein is the CEO and CIO (Chief Investment Officer) of Richard Bernstein Advisors (RBA), which he founded in 2009. Prior to RBA, Mr. Bernstein was Chief Investment Strategist (2006-2009) and Chief U.S. Strategist (2001-2006) at Merrill Lynch & Co. Mr. Griswold is the Director of Investments at RBA (since 2010). . A much-noted expert on style investing and asset allocation, Mr. Bernstein was voted to Institutional Investor magazine’s annual “All-America Research Team” eighteen years, and is one of only fifty analysts inducted into the Institutional Investor “Hall of Fame”.

Henry Timmons


Start Date

Tenure

Tenure Rank

Jan 01, 2017

3.83

3.8%

Henry Timmons is the senior quantitative analyst at Richard Bernstein Advisors LLC. Mr. Timmons is responsible for asset allocation, portfolio construction, risk management and ETF research. Before joining RBA, Mr. Timmons was a portfolio manager and quantitative analyst at Grantham, Mayo, Van Otterloo & Co. LLC. While at GMO, Mr. Timmons evaluated quantitative and fundamental sources of alpha as potential inputs to the investment process, while assisting in constructing and managing portfolios. Prior to GMO, Mr. Timmons was a management consultant at PricewaterhouseCoopers LLP, where he designed forecasting models improving supply-chain management processes for various clients. Henry holds a BS in mechanical engineering and an MEng in systems engineering and engineering management from Cornell University, and an MBA in finance from Cornell University's SC Johnson College of Business. He is a Chartered Financial Analyst® charterholder.

Matthew Griswold


Start Date

Tenure

Tenure Rank

Jan 01, 2017

3.83

3.8%

Before joining RBA, Mr. Griswold was a vice president and portfolio manager at State Street Global Advisors, with responsibility for the design, execution and evaluation of both new and existing global investment strategies. His extensive portfolio management experience spans most major asset classes and includes both quantitative and fundamental investment disciplines. For almost 20 years, Matt assumed a wide variety of leadership positions within State Street in areas of portfolio construction, research, performance measurement, risk analysis, mutual fund administration and client service.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.25 5.6 8.1