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Trending ETFs

Eaton Vance Core Bond Fund

mutual fund
EAGIX
Payout Change
Pending
Price as of:
$8.5 +0.0 +0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
EAGIX (Mutual Fund)

Eaton Vance Core Bond Fund

Payout Change
Pending
Price as of:
$8.5 +0.0 +0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
EAGIX (Mutual Fund)

Eaton Vance Core Bond Fund

Payout Change
Pending
Price as of:
$8.5 +0.0 +0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class

Name

As of 06/14/2024

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

$8.50

$267 M

4.00%

$0.34

0.85%

Vitals

YTD Return

1.0%

1 yr return

4.6%

3 Yr Avg Return

-2.5%

5 Yr Avg Return

0.6%

Net Assets

$267 M

Holdings in Top 10

19.4%

52 WEEK LOW AND HIGH

$8.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.85%

SALES FEES

Front Load 3.25%

Deferred Load N/A

TRADING FEES

Turnover 122.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

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

$8.50

$267 M

4.00%

$0.34

0.85%

EAGIX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.81%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Eaton Vance Core Bond Fund
  • Fund Family Name
    EatonVance
  • Inception Date
    Jan 30, 2009
  • Shares Outstanding
    1543221
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brian Ellis

Fund Description

The Fund seeks to achieve its investment objectives by investing primarily in fixed-income securities, which 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 mortgage-backed securities, asset-backed securities (“ABS”) (including collateralized debt obligations and collateralized loan obligations) and convertible debt securities and other hybrid securities. The Fund may also invest in floating rate instruments, including loans. The Fund may invest significantly 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. Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investment grade securities that are rated at least 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 Rating Agency, LLC (“Kroll”) for securitized debt instruments only (such as ABS and MBS) or in unrated securities determined by the investment adviser to be of comparable quality (the “80% Policy”). The Fund limits 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) to not more than 5% of its total assets. Instruments rated below investment grade (sometimes referred to as “junk”) are rated below BBB by S&P or Fitch or Baa by Moody’s or BBB by Kroll for securitized debt instruments only or if unrated determined by the investment adviser to be of comparable quality. The Fund may invest in instruments in any rating category, including those in default. For purposes of rating restrictions, if instruments are rated differently by two or more rating agencies, the highest rating is used. The Fund is expected to have an average effective maturity between five and ten years.

The Fund may invest up to 25% of its total assets in foreign securities, some of which may be issued by issuers 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, which are either sponsored or unsponsored and Global Depositary Receipts, that evidence ownership in underlying foreign securities).  The Fund may invest a portion of its assets in Eurodollar and Yankee Dollar Instruments.  The Fund may, at times, engage in derivative transactions (such as options, swaptions, interest rate swaps, forward rate contracts, futures contracts and options thereon, forward foreign currency exchange contracts and credit derivatives) to seek to hedge against fluctuations in securities prices, interest rates or currency exchange rates, to seek to enhance returns or as a substitute for purchasing or selling securities or currencies.  Permitted credit derivatives include credit default swaps, total return swaps and credit options.  Except as required by applicable regulation, there is no stated limit on the Fund’s use of derivatives for such purposes.  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 10% of its net assets in inflation-linked debt securities.  The Fund may also invest up to 10% of its net assets in municipal securities directly or through investments in other investment companies.

Investment decisions for the Fund are made primarily on the basis of fundamental and quantitative research conducted by the investment adviser’s research staff, including macroeconomic analysis and bottom-up credit research.  Management of the Fund involves consideration of numerous factors (such as quality of business franchises, financial strength, management capability and integrity, growth potential, valuation and earnings and cash flow capabilities).  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.  These considerations may be taken into account alongside other fundamental research in the investment selection process.  The portfolio managers may sell a security when the investment adviser’s valuation target is reached, the fundamentals of the company change or to pursue more attractive investment options.  The portfolio managers intend to focus on risk management and also seek to preserve capital to the extent consistent with the Fund’s investment objectives.  The portfolio managers may also use sector rotation and relative value strategies in their management of the Fund.  The Fund intends to seek to manage

investment risk by maintaining broad issuer and industry diversification among its holdings, and by utilizing fundamental analysis of risk/return characteristics in securities selection.

The Fund currently invests substantially all of its assets in the Portfolio, a separate registered investment company with the same investment objectives as the Fund.  References to the Fund’s investments include investments held indirectly through the Portfolio in which the Fund invests.

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EAGIX - Performance

Return Ranking - Trailing

Period EAGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -4.5% 5.2% 25.63%
1 Yr 4.6% -7.2% 12.7% 26.41%
3 Yr -2.5%* -10.8% 26.7% 32.24%
5 Yr 0.6%* -7.1% 191.4% 30.77%
10 Yr 1.6%* -2.5% 73.8% 38.09%

* Annualized

Return Ranking - Calendar

Period EAGIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.0% -16.2% 8.1% 53.33%
2022 -15.6% -34.7% 131.9% 39.88%
2021 -2.8% -11.6% 4.4% 28.26%
2020 2.5% -10.1% 946.1% 77.81%
2019 5.5% -1.7% 16.9% 56.10%

Total Return Ranking - Trailing

Period EAGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -4.5% 5.2% 25.63%
1 Yr 4.6% -7.2% 12.7% 26.41%
3 Yr -2.5%* -10.8% 26.7% 32.24%
5 Yr 0.6%* -7.1% 191.4% 30.77%
10 Yr 1.6%* -2.5% 73.8% 38.09%

* Annualized

Total Return Ranking - Calendar

Period EAGIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% -11.3% 11.0% 47.17%
2022 -13.2% -32.2% 131.9% 36.78%
2021 0.5% -9.4% 9.2% 13.38%
2020 8.1% -1.9% 1009.0% 53.07%
2019 9.0% 1.1% 21668.0% 43.79%

NAV & Total Return History


EAGIX - Holdings

Concentration Analysis

EAGIX Category Low Category High EAGIX % Rank
Net Assets 267 M 2.9 M 314 B 75.88%
Number of Holdings 356 1 17816 75.23%
Net Assets in Top 10 113 M 1.57 M 34.8 B 68.58%
Weighting of Top 10 19.40% 4.4% 132.5% 67.75%

Top 10 Holdings

  1. Federal National Mortgage Association 2.5% 6.40%
  2. Federal National Mortgage Association 2.5% 4.22%
  3. Federal National Mortgage Association 2.5% 4.22%
  4. Federal National Mortgage Association 2.5% 4.19%
  5. Federal National Mortgage Association 2.5% 4.17%
  6. Federal National Mortgage Association 2.5% 4.09%
  7. Federal National Mortgage Association 2.5% 4.06%
  8. Federal National Mortgage Association 2.5% 3.77%
  9. Federal National Mortgage Association 2.5% 3.61%
  10. Federal National Mortgage Association 2.5% 3.56%

Asset Allocation

Weighting Return Low Return High EAGIX % Rank
Bonds
92.24% 0.00% 211.59% 67.64%
Cash
4.85% -54.51% 87.74% 32.53%
Convertible Bonds
2.24% 0.00% 7.93% 22.31%
Preferred Stocks
0.67% 0.00% 74.98% 5.84%
Stocks
0.00% 0.00% 99.99% 70.75%
Other
0.00% -16.94% 53.20% 91.04%

Bond Sector Breakdown

Weighting Return Low Return High EAGIX % Rank
Corporate
34.62% 0.00% 100.00% 36.51%
Securitized
33.80% 0.00% 98.40% 36.11%
Government
25.11% 0.00% 86.23% 48.68%
Cash & Equivalents
4.85% 0.00% 83.04% 32.02%
Municipal
1.61% 0.00% 100.00% 17.14%
Derivative
0.00% -9.72% 50.66% 72.91%

Bond Geographic Breakdown

Weighting Return Low Return High EAGIX % Rank
US
84.46% 0.00% 211.59% 82.07%
Non US
7.78% 0.00% 33.48% 6.45%

EAGIX - Expenses

Operational Fees

EAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.01% 39.10% 36.84%
Management Fee 0.45% 0.00% 1.76% 81.18%
12b-1 Fee 0.25% 0.00% 1.00% 44.09%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

EAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.25% 2.00% 5.75% 81.75%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

EAGIX 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.

EAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 122.00% 2.00% 493.39% 47.98%

EAGIX - Distributions

Dividend Yield Analysis

EAGIX Category Low Category High EAGIX % Rank
Dividend Yield 4.00% 0.00% 10.11% 50.75%

Dividend Distribution Analysis

EAGIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Quarterly Quarterly

Net Income Ratio Analysis

EAGIX Category Low Category High EAGIX % Rank
Net Income Ratio 1.81% -1.28% 4.79% 41.57%

Capital Gain Distribution Analysis

EAGIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

Distributions History

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EAGIX - Fund Manager Analysis

Managers

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.

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.78 1.16