EOAIX – Eaton Vance Parametric Option Absolute Return Strategy Fund Class I
Dont let mutual funds siphon away your returns.
Index Funds and ETFs A Smarter Way To Invest
Eaton Vance Parametric Option Absolute Return Strategy Fund Class I (EOAIX)Expense Ratio:1.30%Expected Lifetime Fees:$37,528.44The Eaton Vance Parametric Option Absolute Return Strategy Fund Class I fund (EOAIX) is a Nontraditional Bond fund started on 9/30/2010 and has $45.00 million in assets under management. The current manager has been running Eaton Vance Parametric Option Absolute Return Strategy Fund Class I since 10/21/2010. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.
iShares JPMorgan USD Emerging Markets Bond Fund (EMB)Expense Ratio:0.60%Expected Lifetime Fees:$18,626.92The iShares JPMorgan USD Emerging Markets Bond Fund (EMB) is an Exchange Traded Fund. It is a basket of securities that index the Nontraditional Bond investment strategy and is an alternative to a Nontraditional Bond mutual fund. Fees are very low compared to a comparable mutual fund like Eaton Vance Parametric Option Absolute Return Strategy Fund Class I because computers automatically manage the stocks.
If theres anything in the whole world of mutual funds that you can take to the bank, its that expense ratios help you make a better decision.In every single time period and data point tested, low-cost funds beat high-cost funds.
A MarketRiders ETF portfolio could save you more than $18,902.
The Following Nontraditional Bond Funds Have Lower Fees Than Eaton Vance Parametric Option Absolute Return Strategy Fund Class I (EOAIX).Why are these metrics important?
Columbia Absolute Return Emerging Markets Macro Fund Class Z
Eaton Vance Multi-Strategy Absolute Return Fund Class I
Federated Unconstrained Bond Fund Institutional Shares
Goldman Sachs Strategic Income Fund Class A Shares
Goldman Sachs Strategic Income Fund Class IR Shares
Goldman Sachs Strategic Income Fund Institutional Shares
Loomis Sayles Absolute Strategies Fund Class A
Loomis Sayles Absolute Strategies Fund Class Y
PIMCO Unconstrained Tax Managed Bond Fund Class P
TurnoverTurnover represents how much of a mutual funds holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.AssetsGenerally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an edge. There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.
MarketRiders digital wealth software builds and manages an online globally diversified low-cost portfolio. Reduce your investment fees and keep more of your money.