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Trending ETFs

Parametric Tax-Managed International Equity Fund

mutual fund
ETIGX
Payout Change
Pending
Price as of:
$12.44 -0.13 -1.03%
primary theme
International Large-Cap Blend Equity
ETIGX (Mutual Fund)

Parametric Tax-Managed International Equity Fund

Payout Change
Pending
Price as of:
$12.44 -0.13 -1.03%
primary theme
International Large-Cap Blend Equity
ETIGX (Mutual Fund)

Parametric Tax-Managed International Equity Fund

Payout Change
Pending
Price as of:
$12.44 -0.13 -1.03%
primary theme
International Large-Cap Blend Equity

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

$12.44

$36.4 M

2.39%

$0.30

1.42%

Vitals

YTD Return

2.1%

1 yr return

7.2%

3 Yr Avg Return

-0.9%

5 Yr Avg Return

4.8%

Net Assets

$36.4 M

Holdings in Top 10

8.9%

52 WEEK LOW AND HIGH

$12.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.42%

SALES FEES

Front Load 5.25%

Deferred Load N/A

TRADING FEES

Turnover 23.00%

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

$12.44

$36.4 M

2.39%

$0.30

1.42%

ETIGX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return 4.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.93%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Parametric Tax-Managed International Equity Fund
  • Fund Family Name
    EatonVance
  • Inception Date
    Sep 20, 1999
  • Shares Outstanding
    1619218
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Thomas Seto

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of equity securities (the “80% Policy”). The Fund invests primarily in companies domiciled in developed markets outside of the United States, including securities trading in the form of depositary receipts, such as American Depositary Receipts (“ADRs”), which are either sponsored or unsponsored and Global Depositary Receipts (“GDRs”). The Fund invests primarily in common stocks issued by companies domiciled in countries represented in the MSCI Europe, Australasia, Far East (“MSCI EAFE”) Index. The MSCI EAFE Index is an unmanaged equity index that captures large- and mid-cap companies across twenty-one developed markets countries. Its number of constituents and countries may change over time. The Fund may invest in securities issued by companies with a broad range of market capitalizations, including smaller companies. Market capitalizations of companies within the MSCI EAFE Index are subject to change. The Fund may invest in publicly-traded real estate investment trusts (“REITs”). The Fund intends to invest in not less than five different countries and more than 25% of the Fund’s total assets may be denominated in any single currency. The Fund may also lend its securities.

In managing the Fund, the portfolio managers seek to balance investment considerations and tax considerations and take 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). The Fund seeks to employ a top-down, disciplined and systematic investment process that emphasizes broad exposure and diversification among developed markets outside of the United States, economic sectors and issuers. This rules-based strategy utilizes targeted allocation and systematic rebalancing to seek to take advantage of certain quantitative and behavioral characteristics of developed markets identified by the portfolio managers. 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.  The portfolio managers select and allocate across countries based on factors such as market capitalization, volatility, correlation to other markets, liquidity, and perceived risk and potential for growth. The Fund maintains a bias to broad inclusion; that is, the Fund intends to allocate portfolio holdings to more developed markets outside of the United States rather than fewer developed markets. Relative to capitalization-weighted country indexes, individual country allocation targets emphasize the less represented developed markets and attempt to reduce concentration risks relative to a capitalization-weighted index. The Fund’s country allocations are rebalanced to their target weights if they exceed a certain pre-determined overweight or fall below a certain pre-determined underweight. Rebalancing has the effect of reducing exposure to countries with strong relative performance and increasing exposure to countries which have underperformed.  The frequency of rebalancing depends on the volatility and trading costs of the individual country.  The Fund seeks to maintain exposure across key economic sectors.  Relative to capitalization-weighted country indexes, the portfolio managers target weights to these sectors to emphasize the less represented sectors. The portfolio managers use a quantitative model to select individual securities as representatives of their countries and economic sectors. The model

includes factors such as beta, or a stock’s historical sensitivity to movements in the global equity market, with the objective of reducing portfolio risk and maintaining broad diversification.

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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ETIGX - Performance

Return Ranking - Trailing

Period ETIGX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -3.8% 32.0% 83.01%
1 Yr 7.2% -4.5% 18.5% 71.45%
3 Yr -0.9%* -17.5% 43.8% 75.82%
5 Yr 4.8%* -34.2% 76.4% 87.92%
10 Yr 3.7%* -0.6% 15.9% 59.95%

* Annualized

Return Ranking - Calendar

Period ETIGX Return Category Return Low Category Return High Rank in Category (%)
2023 12.4% -7.3% 22.0% 62.11%
2022 -18.0% -43.6% 71.3% 47.01%
2021 6.4% -28.5% 18.9% 36.78%
2020 7.6% -90.1% 992.1% 53.05%
2019 17.8% -1.9% 38.8% 68.88%

Total Return Ranking - Trailing

Period ETIGX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -3.8% 32.0% 83.01%
1 Yr 7.2% -4.5% 18.5% 71.45%
3 Yr -0.9%* -17.5% 43.8% 75.82%
5 Yr 4.8%* -34.2% 76.4% 87.92%
10 Yr 3.7%* -0.6% 15.9% 59.95%

* Annualized

Total Return Ranking - Calendar

Period ETIGX Return Category Return Low Category Return High Rank in Category (%)
2023 15.2% 3.2% 41.4% 67.82%
2022 -16.6% -43.6% 144.8% 61.10%
2021 8.7% -22.6% 56.0% 67.45%
2020 8.8% -89.7% 1010.8% 57.88%
2019 20.4% 4.3% 38.8% 77.21%

NAV & Total Return History


ETIGX - Holdings

Concentration Analysis

ETIGX Category Low Category High ETIGX % Rank
Net Assets 36.4 M 3.3 M 425 B 91.78%
Number of Holdings 769 1 10659 18.39%
Net Assets in Top 10 5.94 M 139 K 41 B 93.72%
Weighting of Top 10 8.87% 2.7% 112.8% 98.95%

Top 10 Holdings

  1. Nestle SA 1.35%
  2. Nestle SA 1.35%
  3. Nestle SA 1.35%
  4. Nestle SA 1.35%
  5. Nestle SA 1.35%
  6. Nestle SA 1.35%
  7. Nestle SA 1.35%
  8. Nestle SA 1.35%
  9. Nestle SA 1.35%
  10. Nestle SA 1.35%

Asset Allocation

Weighting Return Low Return High ETIGX % Rank
Stocks
99.43% 0.00% 103.70% 9.12%
Cash
0.32% 0.00% 28.70% 91.48%
Other
0.25% -0.18% 42.73% 23.77%
Preferred Stocks
0.00% -0.01% 7.80% 78.18%
Convertible Bonds
0.00% 0.00% 4.18% 56.48%
Bonds
0.00% -0.92% 73.67% 59.04%

Stock Sector Breakdown

Weighting Return Low Return High ETIGX % Rank
Industrials
11.19% 5.17% 99.49% 87.69%
Financial Services
10.79% 0.00% 47.75% 94.46%
Healthcare
10.62% 0.00% 21.01% 67.38%
Consumer Defense
10.04% 0.00% 32.29% 38.62%
Consumer Cyclical
9.77% 0.00% 36.36% 66.77%
Basic Materials
9.31% 0.00% 23.86% 24.00%
Communication Services
8.92% 0.00% 21.69% 13.54%
Technology
8.51% 0.00% 36.32% 77.23%
Real Estate
7.72% 0.00% 14.59% 1.54%
Energy
6.58% 0.00% 16.89% 15.08%
Utilities
6.55% 0.00% 13.68% 6.15%

Stock Geographic Breakdown

Weighting Return Low Return High ETIGX % Rank
Non US
97.72% 0.00% 101.08% 11.06%
US
1.71% 0.00% 100.07% 74.59%

ETIGX - Expenses

Operational Fees

ETIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.42% 0.01% 19.62% 25.30%
Management Fee 0.50% 0.00% 1.65% 35.79%
12b-1 Fee 0.25% 0.00% 1.00% 42.00%
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

ETIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 3.50% 5.75% 72.09%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ETIGX 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.

ETIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 2.00% 247.00% 31.53%

ETIGX - Distributions

Dividend Yield Analysis

ETIGX Category Low Category High ETIGX % Rank
Dividend Yield 2.39% 0.00% 25.02% 40.36%

Dividend Distribution Analysis

ETIGX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual SemiAnnual Annual

Net Income Ratio Analysis

ETIGX Category Low Category High ETIGX % Rank
Net Income Ratio 1.93% -0.93% 6.38% 38.15%

Capital Gain Distribution Analysis

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

Distributions History

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ETIGX - Fund Manager Analysis

Managers

Thomas Seto


Start Date

Tenure

Tenure Rank

May 01, 2012

10.09

10.1%

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.

Paul Bouchey


Start Date

Tenure

Tenure Rank

Jun 02, 2014

8.0

8.0%

Paul leads Parametric’s research and development activities across all strategies. He has authored numerous academic and practitioner articles in publications such as the Journal of Portfolio Management, the Journal of Wealth Management, and the Journal of Index Investing. Paul earned a BA in mathematics and physics from Whitman College and an MS in computational finance and risk management from the University of Washington. A CFA charterholder, he is a member of the CFA Society of Seattle.

Jennifer Sireklove


Start Date

Tenure

Tenure Rank

May 01, 2019

3.08

3.1%

Jennifer leads the Investment Strategy Team at Parametric, which is responsible for all aspects of Parametric’s equity-based investment strategies. In addition, she has direct investment responsibility for Parametric’s Emerging Markets and International Equity Strategies and chairs Parametric’s Stewardship Committee. Previously she helped build Parametric’s active ownership and custom ESG portfolio construction practices. Prior to joining Parametric in 2013, she worked in equity research, primarily covering the energy, utility, and industrial sectors at firms including D.A. Davidson and McAdams Wright Ragen. Jennifer earned an MBA in finance and accounting from the University of Chicago and a BA in economics from Reed College. A CFA charterholder since 2006, Jennifer is a member of the CFA Society of Seattle.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.31 3.25