EAREX Fees and Costs — Eaton Vance Real Estate Fund, Class A
Data updated: 2021-05-28
The net expense ratio is 1.26%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.56% other expenses, less a 0.36% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2020 the fund paid $13K in broker commissions, 0.0437% of average net assets, and portfolio turnover was 32%.
EAREX Fees and Expenses
Annual operating expenses and sales charges of EAREX. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.56% |
| Gross expense ratio | 1.62% |
| Fee waiver | −0.36% |
| Net expense ratio | 1.26% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
EAREX Costs Over Time
On $10,000 invested in EAREX, assuming 5% a year before costs, total costs come to $1,498 over 5 years, cutting the return by 2.59% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.26%) | $125 | $388 | $670 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $29 | $111 | $229 |
| Total costs | $733 | $1,087 | $1,498 |
| Value after costs | $9,767 | $10,489 | $11,265 |
| Impact on return, per year | 7.33% | 3.39% | 2.59% |
EAREX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0437%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
EAREX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $4K | 28.16% |
| Morgan Stanley & Co. LLC | $3K | 20.64% |
| Virtu Itg LLC | $3K | 20.20% |
| BofA Securities, Inc. | $2K | 15.25% |
| Credit Suisse Securities (USA) LLC | $1K | 8.27% |
| Cowen and Company, LLC | $459 | 3.46% |
| UBS Securities LLC | $171 | 1.29% |
| Jefferies LLC | $165 | 1.25% |
| KeyBanc Capital Markets Inc. | $153 | 1.15% |
| RBC Capital Markets, LLC | $45 | 0.34% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.