EISEX — Eaton Vance Special Equities Fund
Data updated: 2023-08-22
EISEX — Eaton Vance Special Equities Fund. Emerging Markets Real Estate · $50.63M AUM · 0.95% expense ratio. Holdings, fees, performance and SEC filings.
EISEX Fund Overview
EISEX — Eaton Vance Special Equities Fund is a US mutual fund managed by Eaton Vance Special Investment Trust, categorised as Emerging Markets 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: Emerging Markets Real Estate
- Assets under management: $50.63M
- 1-year return: 13.1%
- Ticker: EISEX
- SEC CIK: 0000031266
- SEC series ID: S000005214
- Share class ID: C000105427
EISEX Investment Objective and Strategy
Eaton Vance Special Equities 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 provide growth of capital.
Principal investment strategy
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). The Fund invests primarily in common stocks of companies with market capitalizations comparable to those of companies included in the Russell 2500 Index, but the Fund may also invest in larger or smaller companies that the investment adviser believes have growth characteristics as described below. 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 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 that 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 or seek exposure to certain markets or market sectors. The Fund may also invest in publicly traded real estate investment trusts (REITs). Investment decisions for the Fund are made primarily on the basis of fundamental research. The portfolio managers utilize information provided by, and the expertise of the investment advisers research staff in making investment decisions. The portfolio managers look for companies that, in their opinion, are high in quality or improving in quality. The portfolio managers take a long-term perspective when selecting companies and the quality focus typically leads them to companies benefitting from structural growth or structural change.
Sought after company characteristics may include: a business model with identifiable competitive advantage(s)/barrier(s) to entry, a scalable market opportunity, a solid balance sheet, and a strong management team with a history of good capital allocation. Such companies typically exhibit high or improving returns on capital, strong free-cash-flow generation, and positive or inflecting earnings. The portfolio managers also employ a disciplined valuation framework in pursuit of attractive risk adjusted returns. The portfolio managers seek to manage investment risk by maintaining broad issuer and industry diversification among the Funds holdings, and by utilizing fundamental analysis of risk/return characteristics in securities selection. Securities may be sold if, in the opinion of the portfolio managers, the price moves above a fair level of valuation, the companys fundamentals deteriorate, or to pursue more attractive investment opportunities.
EISEX Performance
Total returns for EISEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 13.1% |
| 3 years (annualised) | 11.3% |
EISEX Risk Information
Risk metrics for EISEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.8%
EISEX Costs and Fees
EISEX costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 1.00%
- Portfolio turnover: 40%
- Brokerage commissions: 4.13 bps of average net assets (SEC N-CEN)
EISEX Cashflows
Over the 12 months to 2023-06, Eaton Vance Special Equities Fund had net outflows of $4.47M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | −$136.15K |
| 2023-05 | −$301.36K |
| 2023-04 | −$224.16K |
| 2023-03 | −$4.47M |
| 2023-02 | −$455.57K |
| 2023-01 | −$133.36K |
EISEX Debt Constituents
No individual debt constituents are reported in Eaton Vance Special Equities Fund's latest SEC N-PORT filing.
EISEX Prospectus and SEC Filings
Official Eaton Vance Special Equities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-27
- Prospectus (485BPOS) — filed 2022-04-28
- Prospectus (485BPOS) — filed 2021-04-28
- Portfolio holdings (N-PORT) — filed 2023-08-22
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Portfolio holdings (N-PORT) — filed 2023-03-01
- Annual census (N-CEN) — filed 2023-03-10
- Annual census (N-CEN) — filed 2022-03-15
Related Funds
Other Emerging Markets 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.