# Eaton Vance RBA Equity Strategy Fd Cl A (ERBAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/erbax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Eaton Vance · Asset class: Equity - Strategy: Thematic · Inception: 2010-10-12 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 am... ## Key Facts | Metric | Value | |---|---| | Price | $19.83 | | Expense Ratio | 1.12% | | Assets Under Management | $592.4M | | NAV | $19.83 | | Holdings Count | — | | Distribution Yield (TTM) | 16.34% | | Annual Distribution (TTM) | $3.24 /share | | Distribution Frequency | Annual | | 52-Week Range | $17.09 – $21.59 | | Beta | 0.93 | ## Latest Distribution - Amount: $3.2403 /share - Ex-date: 2025-12-30 - Pay date: 2025-12-31 ## Frequently Asked Questions ### 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 $592.4M 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 Eaton Vance. ### 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. ### Does ERBAX pay a dividend? Eaton Vance RBA Equity Strategy Fd Cl A (ERBAX) currently distributes little or no income. Trailing-twelve-month yield is 16.34%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does ERBAX pay dividends? Eaton Vance RBA Equity Strategy Fd Cl A pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is ERBAX's dividend yield? ERBAX's trailing-twelve-month yield is 16.34%, calculated from the sum of dividends over the past year divided by the current price. ### When is ERBAX's next ex-dividend date? The most recently announced ex-dividend date for ERBAX was 2025-12-30. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will ERBAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.12% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ERBAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from ERBAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ERBAX cost more than a fund like VOO? ERBAX's strategy (current expense ratio 1.12%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where ERBAX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to ERBAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as ERBAX (1.12%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/erbax - Distribution history: https://www.dividenddata.com/funds/erbax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/erbax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/erbax/expenses - Peer comparison: https://www.dividenddata.com/funds/erbax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.