- What does ERBAX invest in?
- Under typical market conditions, the fund commits a minimum of 80% of its net assets, along with any capital raised through borrowings, to equity securities and derivatives that derive their value from equities. Up to 20% of its net assets may be deployed into fixed-income investments, which can include higher-risk, below-investment-grade bonds (often referred to as 'junk bonds') and similar unrated debt instruments, as well as various fixed or floating-rate income-generating securities. This 20% allocation also covers potential investments in currencies. There are no restrictions on the amount the fund can allocate to foreign securities, which may originate from companies based in a wide spectrum of international markets, encompassing developed, emerging, and even frontier economies.
- What is the expense ratio of ERBAX?
- Eaton Vance RBA Equity Strategy Fd Cl A (ERBAX) charges an expense ratio of 1.12%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is ERBAX?
- Eaton Vance RBA Equity Strategy Fd Cl A (ERBAX) manages $613.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is ERBAX actively managed or an index fund?
- ERBAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was ERBAX launched?
- Eaton Vance RBA Equity Strategy Fd Cl A (ERBAX) launched in October 2010 and is managed by the fund issuer.
- How has ERBAX performed?
- ERBAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
