EVBAX Fees and Costs — Eaton Vance Multisector Income Fund, Class A
Data updated: 2020-01-08
The net expense ratio is 0.95%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.15% other expenses. This share class carries a maximum front-end sales load of 4.75%. In fiscal 2019 the fund paid $11K in broker commissions, 0.0031% of average net assets, and portfolio turnover was 7%.
EVBAX Fees and Expenses
Annual operating expenses and sales charges of EVBAX. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
EVBAX Costs Over Time
On $10,000 invested in EVBAX, assuming 5% a year before costs, total costs come to $1,175 over 5 years, cutting the return by 2.01% 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 | $475 | $475 | $475 |
| Fund expenses (net expense ratio 0.95%) | $95 | $297 | $515 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $24 | $90 | $183 |
| Total costs | $594 | $862 | $1,175 |
| Value after costs | $9,906 | $10,714 | $11,588 |
| Impact on return, per year | 5.94% | 2.67% | 2.01% |
EVBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0031%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $551.8M
- Portfolio turnover (prospectus): 7%
- Securities lending: none during the year
EVBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Itg LLC | $5K | 45.33% |
| RBC Capital Markets, LLC | $2K | 15.71% |
| Instinet, LLC | $1K | 12.30% |
| Credit Suisse Securities (USA) LLC | $1K | 10.47% |
| Citigroup Global Markets Inc. | $1K | 10.42% |
| JonesTrading Institutional Services LLC | $506 | 4.50% |
| Barclays Capital Inc. | $143 | 1.27% |
EVBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD Securities (USA) LLC | $76.5M | 19.93% |
| BofA Securities, Inc. | $48.7M | 12.68% |
| J.P. Morgan Securities LLC | $39.4M | 10.26% |
| Barclays Capital Inc. | $38.2M | 9.94% |
| Citigroup Global Markets Inc. | $37.1M | 9.66% |
| Deutsche Bank Securities Inc. | $33.9M | 8.84% |
| Jefferies LLC | $30.7M | 7.99% |
| Wells Fargo Securities, LLC | $27.1M | 7.07% |
| Goldman Sachs & Co. LLC | $27.0M | 7.04% |
| Credit Suisse Securities (USA) LLC | $25.3M | 6.58% |
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.