Parametric Commodity Strategy Fund
EAPCX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston, MA 02110 Boston MA United States of America 02110
- IPO Date
- Jan 3, 2012
- CIK
- 0000745463
- Website
- eatonvance.com
- Similar Companies
- Business
- Parametric Commodity Strategy Fund (EAPCX) is an open-end mutual fund that seeks total return through investments primarily in commodity-linked derivative instruments, including commodity index-linked swap agreements, futures, and commodity-linked notes, backed by a portfolio of short-duration fixed-income securities such as U.S. Treasury bills and money market instruments; the fund provides broad-based exposure to 32 commodities comprising the Bloomberg Commodity Index Total Return via a rules-based system of target weights and rebalancing bands designed to capture rebalancing alpha. Class A shares (EAPCX) carry a net expense ratio of 0.92%, a front-end load of 3.25%, and a minimum initial investment of $1,000, while Class I shares (EIPCX) require a $1,000,000 minimum; the fund maintains an average portfolio duration of approximately 0.36 years and features top holdings like Morgan Stanley Institutional Liquidity Government Institutional, U.S. Treasury Bills, and futures contracts on primary aluminum and silver. Launched on January 3, 2012, and managed by Gregory Liebl since May 2018 with Adam Swinney joining in July 2024, the fund operates from the United States with total net assets exceeding $2.14 billion, targeting investors seeking commodities broad basket exposure as an inflation hedge uncorrelated to traditional equities and bonds. Parametric Portfolio Associates LLC, the fund's sub-adviser founded in 1987 and headquartered in Seattle, Washington, with additional offices in Minneapolis, Westport, Boston, and internationally, became a majority-owned subsidiary of Eaton Vance Corp., which was acquired by Morgan Stanley in March 2021 for approximately $7 billion, integrating Parametric into Morgan Stanley Investment Management and enabling expanded capabilities such as new partnerships with Harding Loevner and Schafer Cullen Capital Management for Custom Active equity strategies in 2024. Recent enhancements include the continued refinement of the fund's systematic top-down process amid commodity market dynamics and portfolio expansions under Morgan Stanley's umbrella, with no major acquisitions or name changes specific to the fund reported in 2024-2025; the strategy remains focused on U.S. investors through platforms like Eaton Vance and Morgan Stanley.