EAREX — Eaton Vance Real Estate Fund
Data updated: 2021-05-28
EAREX — Eaton Vance Real Estate Fund. Developed ex-US Real Estate · $39.02M AUM · 1.26% expense ratio. Holdings, fees, performance and SEC filings.
EAREX Fund Overview
EAREX — Eaton Vance Real Estate Fund is a US mutual fund managed by Eaton Vance Special Investment Trust, categorised as Developed ex-US Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Eaton Vance Special Investment Trust
- Category: Developed ex-US Real Estate
- Assets under management: $39.02M
- 1-year return: 37.1%
- Ticker: EAREX
- SEC CIK: 0000031266
- SEC series ID: S000011636
- Share class ID: C000091460
EAREX Investment Objective and Strategy
Eaton Vance Real Estate Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Eaton Vance Special Investment Trust.
Investment objective
The Funds investment objective is to seek total return.
Principal investment strategy
The Fund seeks total return through a combination of capital appreciation and current income. Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies primarily engaged in the real estate industry (the 80% Policy). Although it invests primarily in domestic securities, the Fund may invest up to 20% of its net assets in foreign securities. 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 which 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 to seek exposure to certain market sectors.
The Fund is non-diversified, which means it may invest a greater percentage of its asset in the securities of a single issuer than a diversified fund. Companies primarily engaged in the real estate industry and other real estate-related investments may include publicly traded real estate investment trusts (REITs) or real estate operating companies that either own properties or make construction or mortgage loans, real estate developers, companies with substantial real estate holdings and other companies whose products and services are related to the real estate industry, such as lodging operators, brokers, property management companies, building supply manufacturers, mortgage lenders, or mortgage servicing companies. REITs tend to be small to medium-sized companies. The value of a REIT can depend on the structure of and cash flow generated by the REIT.
REITs are pooled investment vehicles that have expenses of their own, so the Fund will indirectly bear its proportionate share of those expenses. The Fund will not own real estate directly. The portfolio manager generally seeks to purchase securities of companies that he believes are high in quality and reasonably priced in relation to their fundamental value. In selecting securities, the portfolio manager generally seeks companies believed to have the potential for above-average earnings growth and profit margins, as well as good appreciation prospects and income-producing potential. Investment decisions are made primarily on the basis of fundamental research. The portfolio manager utilizes information provided by, and the expertise of, the investment advisers research staff in making investment decisions.
Factors the portfolio manager considers in selecting real estate companies include one or more of the following: asset quality; quality and experience of management; type and location of real estate owned; nature of a companys real estate activities; sustainability of a companys competitive position; balance sheet strength; free cash flow and growth thereof; and relative valuation. While stocks generally are acquired with the expectation of being held for the long term, securities may be sold if, in the opinion of the investment adviser, the price moves above a fair level of valuation, the companys fundamentals deteriorate or to pursue more attractive investment options.
EAREX Performance
Total returns for EAREX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 37.1% |
EAREX Risk Information
Risk metrics for EAREX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.4%
EAREX Costs and Fees
EAREX costs about $126 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.26%
- Gross expense ratio: 1.62%
- Portfolio turnover: 32%
- Brokerage commissions: 4.37 bps of average net assets (SEC N-CEN)
EAREX Cashflows
Over the 12 months to 2021-03, Eaton Vance Real Estate Fund had net inflows of $2.54M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-03 | $11.71M |
| 2021-02 | −$310.22K |
| 2021-01 | −$758.16K |
| 2020-12 | −$368.69K |
| 2020-11 | −$984.65K |
| 2020-10 | −$4.01M |
EAREX Debt Constituents
No individual debt constituents are reported in Eaton Vance Real Estate Fund's latest SEC N-PORT filing.
EAREX Prospectus and SEC Filings
Official Eaton Vance Real Estate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-04-28
- Prospectus (485BPOS) — filed 2020-05-14
- Prospectus (485BPOS) — filed 2019-05-09
- Portfolio holdings (N-PORT) — filed 2021-05-28
- Portfolio holdings (N-PORT) — filed 2021-02-16
- Portfolio holdings (N-PORT) — filed 2020-11-25
- Annual census (N-CEN) — filed 2021-03-09
- Annual census (N-CEN) — filed 2020-03-05
Related Funds
Other Developed ex-US Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.