ERBIX Fees and Costs — Eaton Vance Equity Strategy Fund, Class I
Data updated: 2026-07-27
The net expense ratio is 0.87% (0.88% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $210K in broker commissions, 0.0315% of average net assets, and portfolio turnover was 56%.
ERBIX Fees and Expenses
Annual operating expenses and sales charges of ERBIX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.87% |
| 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 |
ERBIX Costs Over Time
On $10,000 invested in ERBIX, assuming 5% a year before costs, total costs come to $565 over 5 years, cutting the return by 0.95% 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 0.87%) | $91 | $285 | $495 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $95 | $310 | $565 |
| Value after costs | $10,405 | $11,266 | $12,198 |
| Impact on return, per year | 0.95% | 0.95% | 0.95% |
ERBIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0315%
- Total broker commissions: $210K
- Bought from dealers (principal trades, not a cost): $428.5M
- Portfolio turnover (prospectus): 56%
- Securities on loan, average value: $29.4M
- Net income from securities lending: $81K (0.012% of average net assets)
ERBIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $62K | 29.67% |
| UBS Securities LLC | $46K | 21.73% |
| Jefferies LLC | $35K | 16.88% |
| HSBC Securities (USA) Inc. | $21K | 9.84% |
| Barclays Capital Inc. | $20K | 9.31% |
| Goldman Sachs & Co. LLC | $13K | 6.41% |
| J.P. Morgan Securities LLC | $7K | 3.29% |
| Citigroup Global Markets Inc. | $4K | 2.08% |
| Piper Sandler & Co. | $2K | 0.78% |
| Jane Street Execution Services, LLC | $43 | 0.02% |
ERBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $428.5M | 100.00% |
Eaton Vance Equity Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ERBIX | Class I | 0.87% | none |
| ERBAX | Class A | 1.12% | 5.25% |
| ERBXC | Class C | 1.87% | none |
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.