# Eaton Vance Richard Bernstein Equity Strategy Fund Cl I (ERBIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/erbix 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 ordinary circumstances, the fund commits a minimum of 80% of its net assets (inclusive of any capital acquired through borrowing for investment purposes) to equity securities or financial instruments that offer exposure to the equity markets. Up to 20% of its portfolio may be strategically allocated to fixed-income instruments, which can include debt securities rated below investment grade or unrated equivalents (commonly referred to as 'junk' bonds), other types of fixed or floating-rate income-generating assets, and/or various currencies. Moreover, the fund faces no limitations on t... ## Key Facts | Metric | Value | |---|---| | Price | $19.89 | | Expense Ratio | 0.87% | | Assets Under Management | $592.4M | | NAV | $19.89 | | Holdings Count | — | | Distribution Yield (TTM) | 16.56% | | Annual Distribution (TTM) | $3.29 /share | | Distribution Frequency | Annual | | 52-Week Range | $17.11 – $21.65 | | Beta | 0.84 | ## Latest Distribution - Amount: $3.2944 /share - Ex-date: 2025-12-30 - Pay date: 2025-12-31 ## Frequently Asked Questions ### What does ERBIX invest in? Under ordinary circumstances, the fund commits a minimum of 80% of its net assets (inclusive of any capital acquired through borrowing for investment purposes) to equity securities or financial instruments that offer exposure to the equity markets. Up to 20% of its portfolio may be strategically allocated to fixed-income instruments, which can include debt securities rated below investment grade or unrated equivalents (commonly referred to as 'junk' bonds), other types of fixed or floating-rate income-generating assets, and/or various currencies. Moreover, the fund faces no limitations on the proportion of its assets it may invest in foreign securities from companies domiciled in developed, emerging, or frontier market economies globally. ### What is the expense ratio of ERBIX? Eaton Vance Richard Bernstein Equity Strategy Fund Cl I (ERBIX) charges an expense ratio of 0.87%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is ERBIX? Eaton Vance Richard Bernstein Equity Strategy Fund Cl I (ERBIX) 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 ERBIX actively managed or an index fund? ERBIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was ERBIX launched? Eaton Vance Richard Bernstein Equity Strategy Fund Cl I (ERBIX) launched in October 2010 and is managed by Eaton Vance. ### How has ERBIX performed? ERBIX'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 ERBIX pay a dividend? Eaton Vance Richard Bernstein Equity Strategy Fund Cl I (ERBIX) currently distributes little or no income. Trailing-twelve-month yield is 16.56%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does ERBIX pay dividends? Eaton Vance Richard Bernstein Equity Strategy Fund Cl I pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is ERBIX's dividend yield? ERBIX's trailing-twelve-month yield is 16.56%, calculated from the sum of dividends over the past year divided by the current price. ### When is ERBIX's next ex-dividend date? The most recently announced ex-dividend date for ERBIX 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 ERBIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.87% 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 ERBIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from ERBIX'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 ERBIX cost more than a fund like VOO? ERBIX's strategy (current expense ratio 0.87%) 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 ERBIX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to ERBIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as ERBIX (0.87%) 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/erbix - Distribution history: https://www.dividenddata.com/funds/erbix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/erbix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/erbix/expenses - Peer comparison: https://www.dividenddata.com/funds/erbix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.