Parametric Tax-Managed Emerging Markets Fund (EITEX)

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Parametric Tax-Managed Emerging Markets Fund (EITEX) is up 12.3% since the beginning of the year. EITEX is currently trading at $55 per share. Investors who bought $1,000 worth of EITEX shares 5 years ago would now be looking at an investment worth $1,419.

Parametric Tax-Managed Emerging Markets Fund (EITEX) has returned 12.31% so far this year and 31.97% over the past 12 months. Over the last ten years, EITEX has returned 7.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jun 30, 1998, EITEX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.

Historically, 61% of months were positive and 39% were negative. The best month was May 2009 with a return of +17.7%, while the worst month was Oct 2008 at -27.8%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, EITEX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +10.7%, while the worst single day was Nov 6, 2008 at -9.7%.

Parametric Tax-Managed Emerging Markets Fund has an annualized alpha of 4.83%, beta of 0.60, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since June 30, 1998.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (97.68%) than losses (89.81%) - typical of diversified or defensive assets.
• Beta of 0.60 may look defensive, but with R2 of 0.49 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.49 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

EITEX has a high expense ratio of 0.96%, indicating above-average management fees.

EITEX ranks 75 for risk / return — better than 75% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Parametric Tax-Managed Emerging Markets Fund provided a 4.25% dividend yield over the last twelve months, with an annual payout of $2.32 per share.

The table displays the monthly dividend distributions for Parametric Tax-Managed Emerging Markets Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Parametric Tax-Managed Emerging Markets Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Parametric Tax-Managed Emerging Markets Fund was 61.70%, occurring on Mar 2, 2009. Recovery took 528 trading sessions.

The current Parametric Tax-Managed Emerging Markets Fund drawdown is 0.80%.

The chart below shows the rolling one-month volatility.