EISEX Fees and Costs — Eaton Vance Special Equities Fund, Class I
Data updated: 2023-08-22
The net expense ratio is 0.95%: a 0.63% management fee plus 0.37% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $24K in broker commissions, 0.0413% of average net assets, and portfolio turnover was 40%.
EISEX Fees and Expenses
Annual operating expenses and sales charges of EISEX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.37% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
EISEX Costs Over Time
On $10,000 invested in EISEX, assuming 5% a year before costs, total costs come to $620 over 5 years, cutting the return by 1.04% 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 |
| Fund expenses (net expense ratio 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $4 | $14 | $23 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $341 | $620 |
| Value after costs | $10,396 | $11,235 | $12,143 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
EISEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0413%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $21.8M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
EISEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $5K | 26.85% |
| RBC Capital Markets, LLC | $4K | 21.78% |
| Goldman Sachs & Co. LLC | $2K | 11.77% |
| J.P. Morgan Securities LLC | $2K | 10.03% |
| Sanford C. Bernstein & Co., LLC | $1K | 6.11% |
| UBS Securities LLC | $1K | 5.78% |
| Credit Suisse Securities (USA) LLC | $1K | 5.27% |
| BofA Securities, Inc. | $934 | 4.66% |
| Jefferies LLC | $816 | 4.07% |
| Citigroup Global Markets Inc. | $736 | 3.67% |
EISEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $21.8M | 100.00% |
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.