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Trending ETFs

Eaton Vance Balanced Fund

mutual fund
EIIFX
Payout Change
Pending
Price as of:
$11.68 +0.0 +0.0%
primary theme
U.S. Balanced Allocation
EIIFX (Mutual Fund)

Eaton Vance Balanced Fund

Payout Change
Pending
Price as of:
$11.68 +0.0 +0.0%
primary theme
U.S. Balanced Allocation
EIIFX (Mutual Fund)

Eaton Vance Balanced Fund

Payout Change
Pending
Price as of:
$11.68 +0.0 +0.0%
primary theme
U.S. Balanced Allocation

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

$11.68

$892 M

1.46%

$0.17

0.73%

Vitals

YTD Return

12.6%

1 yr return

21.4%

3 Yr Avg Return

5.7%

5 Yr Avg Return

9.5%

Net Assets

$892 M

Holdings in Top 10

100.1%

52 WEEK LOW AND HIGH

$11.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.73%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 7.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

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

$11.68

$892 M

1.46%

$0.17

0.73%

EIIFX - Profile

Distributions

  • YTD Total Return 12.6%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 9.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.98%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Eaton Vance Balanced Fund
  • Fund Family Name
    EatonVance
  • Inception Date
    Sep 28, 2012
  • Shares Outstanding
    32204163
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Charles Gaffney

Fund Description

The Fund seeks to achieve its investment objective and strategies primarily by allocating assets between common stocks and fixed-income securities through investment of substantially all of its assets in two other registered investment companies managed by Eaton Vance Management or its affiliates (the “Portfolios”). Under normal market conditions, the Fund invests between 50% and 75% of its net assets in equity securities by investing in Stock Portfolio and between 25% and 50% of its net assets in fixed-income securities by investing in Core Bond Portfolio. The Fund may also invest directly in equity securities and fixed-income securities. Set forth below is an overview of the Fund’s investment practices, followed by a description of the characteristics and risks associated with the principal investments and strategies of the Fund. References to the Fund's investments include both investments held directly by the Fund and indirectly through the Portfolios in which the Fund invests.

The Fund’s equity securities are primarily common stocks issued by companies with a broad range of market capitalizations, including smaller companies. The Fund’s fixed-income securities 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 MBS, asset-backed securities (“ABS”) (including collateralized debt obligations and collateralized loan obligations), convertible debt securities and other hybrid securities (which have characteristics of equity and debt securities), inflation-linked debt securities and municipal securities. The Fund may also invest in floating rate instruments, including loans. A significant portion of the Fund’s fixed-income investments may be 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. Instruments may be of any credit quality (including in default), but 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) is limited to not more than 5% of total fixed income assets. Instruments rated below investment grade (sometimes referred to as “junk”) are rated below 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 Bond Rating Agency, LLC (“Kroll”) for securitized debt instruments only (such as ABS and MBS). For purposes of rating restrictions, if instruments are rated differently by two or more rating agencies, the highest rating is used. 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 25% of its total assets in foreign securities, some of which may be issued by companies 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 (“ADRs”), which are either sponsored or unsponsored and Global Depositary Receipts, that evidence ownership in underlying foreign stocks and Eurodollar and Yankee Dollar instruments). The Fund may invest in exchange-traded funds (“ETFs”), a type of pooled investment vehicle, in order to manage cash positions or seek exposure to certain markets or market sectors. The Fund may also invest in publicly traded real estate investment trusts (“REITs”). The portfolio managers may use sector rotation strategies in their management of the Fund.

The Fund may engage in derivative transactions to seek return, to hedge against fluctuations in securities prices, interest rates or currency exchange rates, or as a substitute for the purchase or sale of securities or currencies.  Permitted derivatives include:  the purchase or sale of credit derivatives, including credit default swaps, total return swaps and credit options; interest rate swaps, forward rate contracts; the purchase or sale of forwards or futures contracts; options on futures contracts; exchange-traded and over-the-counter options; swaptions; equity collars and equity swap agreements.  Except as required by applicable regulation, there is no stated limit on the Fund’s use of derivatives for such purposes.

To determine the exact percentage of the Fund’s assets that will be invested from time to time in each Portfolio, the portfolio managers meet periodically and, taking market and other factors into consideration, agree upon an allocation.

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EIIFX - Performance

Return Ranking - Trailing

Period EIIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.6% 0.3% 32.3% 1.28%
1 Yr 21.4% -1.8% 58.7% 1.70%
3 Yr 5.7%* -6.8% 10.9% 4.67%
5 Yr 9.5%* -4.3% 15.5% 10.24%
10 Yr 8.3%* 0.4% 10.6% 9.70%

* Annualized

Return Ranking - Calendar

Period EIIFX Return Category Return Low Category Return High Rank in Category (%)
2023 13.6% -12.2% 23.9% 15.95%
2022 -20.0% -34.7% 2.8% 67.58%
2021 5.2% -11.9% 18.1% 50.45%
2020 10.9% -20.9% 39.7% 21.82%
2019 19.1% 0.8% 25.7% 5.98%

Total Return Ranking - Trailing

Period EIIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.6% 0.3% 32.3% 1.28%
1 Yr 21.4% -1.8% 58.7% 1.70%
3 Yr 5.7%* -6.8% 10.9% 4.67%
5 Yr 9.5%* -4.3% 15.5% 10.24%
10 Yr 8.3%* 0.4% 10.6% 9.70%

* Annualized

Total Return Ranking - Calendar

Period EIIFX Return Category Return Low Category Return High Rank in Category (%)
2023 16.3% -12.2% 26.8% 20.94%
2022 -15.3% -29.0% 10.9% 55.43%
2021 14.3% -3.0% 27.3% 36.23%
2020 14.4% -19.5% 40.6% 35.16%
2019 24.1% 2.2% 32.7% 6.46%

NAV & Total Return History


EIIFX - Holdings

Concentration Analysis

EIIFX Category Low Category High EIIFX % Rank
Net Assets 892 M 789 K 217 B 53.04%
Number of Holdings 2 2 15947 100.00%
Net Assets in Top 10 906 M 596 K 67.8 B 40.60%
Weighting of Top 10 100.05% 11.3% 121.1% 2.85%

Top 10 Holdings

  1. Stock Portfolio 63.69%
  2. Core Bond Portfolio 36.36%

Asset Allocation

Weighting Return Low Return High EIIFX % Rank
Stocks
100.05% 0.00% 100.06% 1.57%
Convertible Bonds
0.94% 0.00% 23.84% 29.12%
Preferred Stocks
0.00% 0.00% 23.15% 95.01%
Other
0.00% -42.80% 112.46% 92.31%
Cash
0.00% -7.92% 100.00% 99.15%
Bonds
0.00% 0.00% 77.51% 96.44%

Stock Sector Breakdown

Weighting Return Low Return High EIIFX % Rank
Technology
23.64% 0.00% 44.21% 18.27%
Healthcare
15.37% 0.00% 29.35% 19.86%
Financial Services
12.20% 0.00% 38.77% 82.88%
Industrials
10.18% 0.00% 24.37% 48.35%
Consumer Cyclical
9.75% 0.00% 19.36% 51.51%
Communication Services
8.50% 0.00% 38.10% 20.86%
Consumer Defense
8.12% 0.00% 15.14% 21.15%
Utilities
3.56% 0.00% 99.55% 29.50%
Real Estate
3.47% 0.00% 65.01% 45.90%
Energy
2.90% 0.00% 85.65% 84.89%
Basic Materials
2.31% 0.00% 33.35% 83.31%

Stock Geographic Breakdown

Weighting Return Low Return High EIIFX % Rank
US
100.05% 0.00% 100.06% 1.57%
Non US
0.00% 0.00% 39.69% 94.87%

EIIFX - Expenses

Operational Fees

EIIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.03% 17.63% 74.22%
Management Fee 0.04% 0.00% 1.83% 20.51%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.01% 0.83% 16.58%

Sales Fees

EIIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

EIIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

EIIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 343.00% 5.17%

EIIFX - Distributions

Dividend Yield Analysis

EIIFX Category Low Category High EIIFX % Rank
Dividend Yield 1.46% 0.00% 17.90% 51.34%

Dividend Distribution Analysis

EIIFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Annual

Net Income Ratio Analysis

EIIFX Category Low Category High EIIFX % Rank
Net Income Ratio 0.98% -2.34% 19.41% 61.01%

Capital Gain Distribution Analysis

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

Distributions History

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EIIFX - Fund Manager Analysis

Managers

Charles Gaffney


Start Date

Tenure

Tenure Rank

Nov 01, 2009

12.59

12.6%

Charles Gaffney is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s global core team. He is a member of the firm’s Equity Strategy Committee. He joined Eaton Vance in 2003. Charlie began his career in the investment management industry in 1996. Before joining Eaton Vance, he was affiliated with Brown Brothers Harriman as a sector portfolio manager and Morgan Stanley Dean Witter as a senior equity analyst. Charlie earned a B.A. from Bowdoin College in 1995 and an MBA from Fordham University in 2002.

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.

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.36 2.41