EBEAX — Eaton Vance Tax-Managed Equity Asset Allocation Fund
Data updated: 2026-09-29
EBEAX — Eaton Vance Tax-Managed Equity Asset Allocation Fund. Holdings, fees, performance and SEC filings.
EBEAX Fund Overview
EBEAX — Eaton Vance Tax-Managed Equity Asset Allocation Fund is a US mutual fund managed by Eaton Vance Mutual Funds Trust, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. 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 Mutual Funds Trust
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $934.14M
- Ticker: EBEAX
- SEC CIK: 0000745463
- SEC series ID: S000005292
- Share class ID: C000014464
EBEAX Investment Objective and Strategy
Eaton Vance Tax-Managed Equity Asset Allocation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Eaton Vance Mutual Funds Trust.
Investment objective
The Funds investment objective is to achieve long-term, after-tax returns for its shareholders by investing in a combination of diversified tax-managed equity portfolios advised by Eaton Vance or its affiliates.
Principal investment strategy
The Fund normally invests at least 65% of its total assets in tax-managed portfolios sponsored by the Eaton Vance organization (Tax-Managed Portfolios) that primarily invest in common stocks of U.S. companies. The Fund may invest up to 25% of its total assets in Tax-Managed Portfolios that primarily invest in small or emerging companies and up to 35% of its total assets in Tax-Managed Portfolios that primarily invest in foreign securities. The Fund may also invest directly in preferred stocks and other hybrid securities (which have characteristics of equity and debt securities) of U.S. and foreign issuers of any rating category including those rated below investment grade, or unrated, as well as exchange-traded funds (ETFs), a type of pooled investment vehicle. Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities (the 80% Policy), including up to 20% of its net assets in preferred stocks.
The Fund may also invest directly in other hybrid securities and in ETFs that invest in preferred stocks and similar instruments (Preferred Funds). Preferred stocks and other hybrid securities may be issued predominantly by companies in the utilities and financial services sectors and may also be issued by issuers in the real estate industry, including real estate investment trusts (REITs). The Fund will at all times allocate its assets among at least three different Tax-Managed Portfolios and normally intends to invest in the five Tax-Managed Portfolios described below. Tax-Managed Growth Portfolio. Tax-Managed Growth Portfolios investment objective is to achieve long-term, after-tax returns for shareholders through investing in a diversified portfolio of equity securities. The Portfolio invests primarily in common stocks of growth companies that are considered by the investment adviser to be high in quality and attractive in their long-term investment prospects.
Although it invests primarily in U.S. companies, the Portfolio may invest up to 25% of its assets in foreign securities. Tax-Managed International Equity Portfolio. Tax-Managed International Equity Portfolios investment objective is to achieve long-term, after-tax returns for its shareholders by investing in a diversified portfolio of foreign equity securities. The Portfolio invests primarily in common stocks of companies domiciled in countries represented in the MSCI Europe, Australasia, Far East (MSCI EAFE) Index. The MSCI EAFE Index is an unmanaged index of approximately 900 companies located in twenty-one countries. The Portfolio normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Tax-Managed Multi-Cap Growth Portfolio. Tax-Managed Multi-Cap Growth Portfolios investment objective is to achieve long-term, after-tax returns for its shareholders through investing in a diversified portfolio of equity securities.
The Portfolio invests primarily in common stocks of growth companies that are attractive in their long-term investment prospects. Although it invests primarily in U.S. companies, the Portfolio may invest up to 25% of its total assets in foreign securities. Tax-Managed Small-Cap Portfolio. Tax-Managed Small-Cap Portfolios investment objective is to achieve long-term, after-tax returns for its shareholders. The Portfolio invests primarily in a diversified portfolio of 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 either the current S&P SmallCap 600 Index or the Russell 2000 Index; or (ii) below the three-year average maximum market cap of companies in either index as of December 31 of the three preceding years.
The Portfolio normally will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small-cap companies. Although it invests primarily in U.S. companies, the Portfolio may invest up to 25% of its total assets in foreign securities. Tax-Managed Value Portfolio. Tax-Managed Value Portfolios investment objective is to achieve long-term, after-tax returns for its shareholders. The Portfolio invests in a diversified portfolio of value stocks. Value stocks are common stocks that, in the opinion of the investment adviser, are inexpensive relative to the overall stock market. Although it invests primarily in common stocks of U.S. companies, the Portfolio may invest up to 25% of its total assets in foreign securities. Eaton Vance has broad discretion to allocate and reallocate the Funds assets among the Tax-Managed Portfolios and other investments consistent with the Funds investment objective and policies.
In allocating the Funds assets, the portfolio managers seek to maintain broad diversification and to emphasize market sectors that Eaton Vance believes offer relatively attractive risk-adjusted return prospects, based on its assessment of current and future market trends and conditions. In addition, the buy and sell decisions for preferred stocks and other hybrid securities are also affected to a larger degree by the structure and features of the securities, the current and expected interest rate environment and regulatory actions relating to any specific security or class of security. To the extent possible, adjustments in allocations among market sectors will be made in a tax-efficient manner, generally by investing Fund cash inflows into underweighted allocations and by withdrawing cash from overweighted allocations to reinvest in underweighted allocations.
There can be no assurance that there will always be sufficient Fund cash inflows or available cash to alter the Funds asset allocation without tax consequences to shareholders. Eaton Vance may be subject to certain conflicts of interest in fulfilling its duties to the Fund and each Portfolio. In making allocation decisions, the portfolio managers must make determinations on the basis of the best interests of the Fund and its shareholders. Additional information about the Portfolios can be found in each Portfolios Feeder Fund Summary Prospectus or in this Prospectus under Further Information about the Portfolios.
EBEAX Holdings
Top 10 holdings of Eaton Vance Tax-Managed Equity Asset Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Eaton Vance Corp. | 86.52% |
| Eaton Vance Global Equity Income Fund | 9.49% |
| Wells Fargo & Company | 0.14% |
| Bank Of Montreal | 0.13% |
| Canadian Imperial Bank | 0.13% |
| Charles Schwab Corp. | 0.13% |
| Liberty Mutual Group, Inc. | 0.13% |
| Toronto-Dominion Bank | 0.11% |
| Societe Generale | 0.11% |
| Keycorp | 0.10% |
EBEAX Portfolio Allocation
Asset-class allocation of Eaton Vance Tax-Managed Equity Asset Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.4% |
| Fixed Income | 3.5% |
| Cash & Equivalents | 0.1% |
EBEAX Costs and Fees
EBEAX costs about $207 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.07%
- Gross expense ratio: 2.57%
- Portfolio turnover: 10%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
EBEAX Cashflows
Over the 12 months to 2026-04, Eaton Vance Tax-Managed Equity Asset Allocation Fund had net inflows of $10.16M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$2.67M |
| 2026-03 | −$4.50M |
| 2026-02 | −$2.58M |
| 2026-01 | −$212.03K |
| 2025-12 | $26.81M |
| 2025-11 | −$773.78K |
EBEAX Debt Constituents
Largest debt holdings of Eaton Vance Tax-Managed Equity Asset Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Wells Fargo & Company | 0.14% |
| Bank Of Montreal | 0.13% |
| Canadian Imperial Bank | 0.13% |
| Charles Schwab Corp. | 0.13% |
| Liberty Mutual Group, Inc. | 0.13% |
| Toronto-Dominion Bank | 0.11% |
| Societe Generale | 0.11% |
| Keycorp | 0.10% |
| Banco Santander SA | 0.10% |
| Amer Agcredit Aca | 0.10% |
EBEAX Prospectus and SEC Filings
Official Eaton Vance Tax-Managed Equity Asset Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-26
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus (485BPOS) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-24
- Portfolio holdings (N-PORT) — filed 2026-03-31
- Annual census (N-CEN) — filed 2026-01-13
- Annual census (N-CEN) — filed 2025-01-14
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity 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.