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Trending ETFs

Eaton Vance Tax-Managed Small-Cap Fund

mutual fund
ECMGX
Payout Change
Suspended
Price as of:
$21.84 -0.2 -0.91%
primary theme
U.S. Small-Cap Growth Equity
share class
ECMGX (Mutual Fund)

Eaton Vance Tax-Managed Small-Cap Fund

Payout Change
Suspended
Price as of:
$21.84 -0.2 -0.91%
primary theme
U.S. Small-Cap Growth Equity
share class
ECMGX (Mutual Fund)

Eaton Vance Tax-Managed Small-Cap Fund

Payout Change
Suspended
Price as of:
$21.84 -0.2 -0.91%
primary theme
U.S. Small-Cap Growth Equity
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

$21.84

$129 M

0.00%

1.89%

Vitals

YTD Return

1.1%

1 yr return

3.8%

3 Yr Avg Return

-0.2%

5 Yr Avg Return

5.5%

Net Assets

$129 M

Holdings in Top 10

24.2%

52 WEEK LOW AND HIGH

$22.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.89%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 40.00%

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

$21.84

$129 M

0.00%

1.89%

ECMGX - Profile

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.87%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Eaton Vance Tax-Managed Small-Cap Fund
  • Fund Family Name
    EatonVance
  • Inception Date
    Mar 10, 1999
  • Shares Outstanding
    114648
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael McLean

Fund Description

The Fund invests primarily in a diversified portfolio of publicly traded common stocks of small-cap companies that, in the opinion of the investment adviser, are expected to achieve earnings growth over the long term that exceeds the average of all publicly-traded small-cap companies in the United States. The portfolio managers generally consider small-cap companies to be companies having a market capitalization that falls: (i) within or below the range of companies in the current Russell 2000® Index (the Index); or (ii) below the three-year average maximum market cap of companies in the Index as of December 31 of the three preceding years. The Fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small-cap companies (the “80% Policy”). The market capitalization range for the Index was $10 million to $15.2 billion as of December 31, 2023. The market capitalizations of companies within the Index are subject to change. The average maximum market capitalization of companies in the Index as of the three-year period ending December 31, 2023 was $12.4 billion. The Fund may also invest in larger companies. Although it invests primarily in U.S. companies, the Fund may invest up to 25% of its total assets in foreign securities issued by companies domiciled in developed or 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, which are either sponsored or unsponsored and 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 to seek exposure to certain markets or market sectors. The Fund may also invest in publicly traded real estate investment trusts (“REITs”) and lend its securities.

Buy and sell decisions are made by balancing investment considerations and tax considerations, and taking into account the taxes payable by shareholders in connection with distributions of investment income and net realized gains.  The Fund seeks to minimize income distributions and distributions of realized short-term gains that are taxed as ordinary income, as well as distributions of realized long-term gains (taxed as long-term capital gains).  In making investment decisions, the portfolio managers rely on the investment adviser’s research staff.  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 Fund currently invests substantially all of its assets in the Portfolio, a separate registered investment company with the same investment objective and policies 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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ECMGX - Performance

Return Ranking - Trailing

Period ECMGX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -10.2% 22.7% 71.12%
1 Yr 3.8% -9.2% 34.6% 85.00%
3 Yr -0.2%* -25.8% 56.5% 19.45%
5 Yr 5.5%* -4.5% 44.3% 77.95%
10 Yr 6.7%* 0.8% 23.6% 76.79%

* Annualized

Return Ranking - Calendar

Period ECMGX Return Category Return Low Category Return High Rank in Category (%)
2023 8.4% -20.5% 54.6% 86.23%
2022 -20.0% -82.1% 32.2% 5.44%
2021 8.5% -90.6% 300.1% 12.64%
2020 11.5% -63.0% 127.9% 95.64%
2019 16.6% -7.7% 42.9% 75.54%

Total Return Ranking - Trailing

Period ECMGX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -10.2% 22.7% 71.12%
1 Yr 3.8% -9.2% 34.6% 85.00%
3 Yr -0.2%* -25.8% 56.5% 19.45%
5 Yr 5.5%* -4.5% 44.3% 77.95%
10 Yr 6.7%* 0.8% 23.6% 76.79%

* Annualized

Total Return Ranking - Calendar

Period ECMGX Return Category Return Low Category Return High Rank in Category (%)
2023 10.2% -19.0% 136.8% 84.79%
2022 -17.1% -59.9% 44.3% 6.53%
2021 20.0% -22.7% 411.9% 14.47%
2020 11.5% 1.5% 150.8% 98.67%
2019 26.4% 5.5% 55.3% 64.97%

NAV & Total Return History


ECMGX - Holdings

Concentration Analysis

ECMGX Category Low Category High ECMGX % Rank
Net Assets 129 M 207 K 34.3 B 82.17%
Number of Holdings 75 7 1180 70.23%
Net Assets in Top 10 46 M 52.5 K 3.53 B 77.18%
Weighting of Top 10 24.18% 8.8% 100.1% 44.29%

Top 10 Holdings

  1. Performance Food Group Co 3.30%
  2. RealPage Inc 3.10%
  3. CBIZ Inc 3.06%
  4. Valvoline Inc 2.59%
  5. Terminix Global Holdings Inc 2.53%
  6. Nomad Foods Ltd 2.44%
  7. ServiceMaster Global Holdings Inc 2.40%
  8. Altair Engineering Inc Class A 2.31%
  9. ONE Gas Inc 2.24%
  10. Chemed Corp 2.24%

Asset Allocation

Weighting Return Low Return High ECMGX % Rank
Stocks
98.02% 81.17% 108.99% 49.73%
Cash
1.98% 0.00% 26.25% 48.31%
Preferred Stocks
0.00% 0.00% 3.78% 22.28%
Other
0.00% -0.01% 6.02% 41.89%
Convertible Bonds
0.00% 0.00% 1.57% 12.66%
Bonds
0.00% 0.00% 3.51% 12.48%

Stock Sector Breakdown

Weighting Return Low Return High ECMGX % Rank
Financial Services
17.92% 0.00% 42.95% 5.88%
Industrials
16.83% 0.00% 36.64% 55.08%
Consumer Cyclical
16.69% 0.00% 24.04% 13.37%
Healthcare
15.51% 0.00% 47.90% 80.75%
Technology
11.10% 2.91% 75.51% 96.26%
Real Estate
7.28% 0.00% 15.31% 10.16%
Consumer Defense
4.92% 0.00% 13.56% 30.12%
Energy
2.64% 0.00% 55.49% 51.52%
Utilities
2.63% 0.00% 5.57% 5.88%
Basic Materials
2.55% 0.00% 9.24% 43.85%
Communication Services
1.93% 0.00% 15.31% 57.93%

Stock Geographic Breakdown

Weighting Return Low Return High ECMGX % Rank
US
97.28% 21.77% 107.69% 55.79%
Non US
0.74% 0.00% 71.65% 22.28%

ECMGX - Expenses

Operational Fees

ECMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.89% 0.05% 23.20% 15.54%
Management Fee 0.63% 0.05% 1.62% 13.75%
12b-1 Fee 1.00% 0.00% 1.00% 85.34%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

ECMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 18.03%

Trading Fees

ECMGX 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.

ECMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 3.00% 439.00% 33.13%

ECMGX - Distributions

Dividend Yield Analysis

ECMGX Category Low Category High ECMGX % Rank
Dividend Yield 0.00% 0.00% 6.91% 27.45%

Dividend Distribution Analysis

ECMGX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Annual Annual

Net Income Ratio Analysis

ECMGX Category Low Category High ECMGX % Rank
Net Income Ratio -0.87% -2.47% 1.10% 64.20%

Capital Gain Distribution Analysis

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

Distributions History

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ECMGX - 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
0.08 30.44 9.02 5.25