Fund Evaluator:
Eaton Vance All Asset Strategy A (EARAX)
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Best Performing in Global Moderately Conservative Allocation Over the Last Year
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Fund Details
Eaton Vance All Asset Strategy A Overview
Eaton Vance All Asset Strategy A (EARAX) is an actively managed Allocation Global Moderately Conservative Allocation fund. Eaton Vance launched the fund in 2011.
The investment seeks total return. In seeking its investment objective, the fund has the flexibility to allocate its assets in markets around the world and among various asset classes, including equity, fixed-income, commodity, currency and cash investments. It seeks to achieve diversified, superior risk adjusted returns by dynamically allocating to multiple strategies, regions, sectors and factors in a changing and diverse growth cycle.
About Eaton Vance All Asset Strategy A (EARAX)
There are 2 members of the management team with an average tenure of 0.87 years: Jim Caron (2025), Schuyler Hooper (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI World NR USD index with a weighting of 100% and MSCI ACWI NR USD index with a weighting of 100%. Eaton Vance All Asset Strategy A has 275 securities in its portfolio. The top 10 holdings constitute 47.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Eaton Vance All Asset Strategy A is part of the Allocation global asset class and is within the Allocation fund group. Eaton Vance All Asset Strategy A has 28.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 44.6%. There is 17.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 38.4% (27.9% domestic bond, 10.5% foreign bond and 0.0% convertible bond). Eaton Vance All Asset Strategy A has -0.6% of the portfolio in cash.
Assets Under Management
The fund has $82 million in total assets, which is below the $304 million average for the Global Moderately Conservative Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EARAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Eaton Vance All Asset Strategy A expense ratio is high compared to funds in the Global Moderately Conservative Allocation category. Eaton Vance All Asset Strategy A has an expense ratio of 1.12%, which is 14% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Eaton Vance All Asset Strategy A has a portfolio turnover rate of 76%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Global Moderately Conservative Allocation category.
Recently, in the month of June 2026, Eaton Vance All Asset Strategy A returned 0.4%, which earned it a grade of B, as the Global Moderately Conservative Allocation category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Eaton Vance All Asset Strategy A has a trailing yield of 2.37%, which is below the 3.06% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Eaton Vance All Asset Strategy A Grades
Year to date, the fund has returned 7.7%, 2.1 percentage points better than the category, which translates into a grade of A. The fund has returned 15.2% over the past year (grade of A), 9.8% over the past three years (grade of C) and 3.6% per year over the past five years (grade of D) and 5.6% per year over the past 10 years (grade of C).
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EARAX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EARAX Return (NAV) | 0.4% | 9.7% | 15.2% | 9.8% | 3.6% | 5.6% |
| EARAX Grade | B | A | A | C | D | C |
| +/- Category | 0.2% | 3.6% | 3.5% | -0.1% | -0.5% | -0.1% |
| Global Moderately Conservative Allocation Avg | 0.2% | 6.1% | 11.7% | 9.8% | 4.1% | 5.7% |
| EARAX Tax Cost Ratio | na | na | 1.0% | 0.9% | 0.9% | 0.8% |
EARAX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EARAX Return (NAV) | 7.7% | 12.6% | 7.4% | 6.5% | -14.9% | 6.9% | 9.6% | 12.5% | -7.6% | 14.7% | 6.7% |
| EARAX Grade | A | B | B | F | F | D | C | F | F | A | B |
| +/- Category | 2.1% | 1.0% | 0.1% | -3.8% | -1.4% | -0.6% | 0.6% | -2.5% | -2.8% | 3.9% | 0.6% |
| Global Moderately Conservative Allocation Avg | 5.6% | 11.6% | 7.3% | 10.3% | -13.5% | 7.5% | 8.9% | 15.0% | -4.9% | 10.8% | 6.1% |
| Risk Measures | |
| Standard Deviation: | 8.5% |
| Total Risk Index: | 0.70 - Below Average |
| Category Risk Index: | 1.14 - High |
| Category Risk Grade: | F (97% Rank) |
| Beta: | 0.88 |
| R-Squared: | 94% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $214 Mil |
| Fund Total Assets: | $ 82 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 76% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.9 years | |||
| Average Tenure: 0.9 years | |||
| Managers (Year): Caron Jim (2025), Hooper Schuyler (2025) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 275 |
| % in Top 10 Holdings: | 47.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 28.0% |
Portfolio Allocation |
|
| Domestic Stock: | 44.6% |
| Foreign Stock: | 17.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 27.9% |
| Foreign Bond: | 10.5% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -0.6% |
Purchase Information
| Fund Family: | Eaton Vance |
| Phone Number: | 800-262-1122 |
| Website: | www.eatonvance.com |
| Status: | Open |
| Inception Date: | September 30, 2011 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.12% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.99% |
| Share Class: | Eaton Vance All Asset Strategy I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
