Parametric Commodity Strategy Fund

Frequently Asked Questions About EAPCX

What does EAPCX invest in?

The Parametric Commodity Strategy Fund primarily allocates its capital to derivative instruments whose value is tied to commodities. These commodity-related holdings are underpinned by an underlying portfolio of fixed-income securities. This debt portfolio primarily consists of U.S. Treasury securities and short-term money market instruments. While the average duration of these fixed-income assets may fluctuate, it is generally expected to remain under one year in typical market environments. The types of commodity-linked derivatives the fund employs include commodity index-linked swap agreements, futures contracts, and commodity-indexed notes.

What is the expense ratio of EAPCX?

Parametric Commodity Strategy Fund (EAPCX) charges an expense ratio of 0.94%. This is the annual fee deducted from fund assets to cover management and operations.

What is EAPCX's dividend yield?

EAPCX's trailing-twelve-month yield is 10.71%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of EAPCX?

Effective duration measures EAPCX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. EAPCX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of EAPCX?

EAPCX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of EAPCX?

Yield to maturity (YTM) is the total return you'd earn from EAPCX if every bond in the portfolio is held to maturity at the current price. EAPCX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.