Parametric Dividend Income Fund
EAPDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Boston, MA 02110 Boston MA United States of America 02110
- IPO Date
- Mar 28, 2014
- CIK
- 0000745463
- Website
- eatonvance.com
- Similar Companies
- Business
- Parametric Dividend Income Fund (EAPDX) is an open-end mutual fund that seeks current income and total return through a systematic investment process focused on durable dividend-paying U.S. equities. The Fund invests at least 80% of its net assets in equity securities, primarily common stocks selected from the Russell 3000 Index, emphasizing quality companies with historically high current income and lower sector-relative risk; it constructs a diversified portfolio of approximately 189 holdings across all economic sectors with equal sector weights and equal weighting of the top-ranked securities per sector based on proprietary yield and risk metrics; the portfolio undergoes quarterly rebalancing and annual reconstitution. Class A shares (EAPDX) feature a 5.25% front-end sales charge, a net expense ratio of 0.69%, and a minimum initial investment of $1,000, while Class I shares (EIPDX) offer no sales charge, a net expense ratio of 0.44%, and a $1,000,000 minimum; distributions occur quarterly with a recent distribution rate at NAV of 2.65% for Class A. Eaton Vance Management serves as the investment adviser and Parametric Portfolio Associates LLC as the sub-adviser, with the Fund headquartered in Boston, Massachusetts, under Eaton Vance Corp., and launched on March 26, 2014. Recent portfolio management changes include Jennifer Sireklove, CFA, continuing oversight since 2021 alongside new co-managers Jennifer Mihara and Mark Milner, both added in 2024 to lead centralized portfolio management and systematic income strategies, respectively; the primary benchmark shifted to the Russell 1000 Value Index effective July 1, 2018, for better alignment with the Fund's strategies; as of early 2025, total net assets stand at approximately $21.5 million with a median market cap of $21.62 billion and sector allocations including roughly 10% each in Consumer Discretionary, Consumer Staples, Energy, Financials, Health Care, Industrials, Information Technology, and Materials. The Fund targets income-oriented investors, such as individuals and institutions seeking diversified U.S. equity exposure with reduced volatility relative to high-yield peers, operating exclusively in U.S. markets.