Are there any penalties for early withdrawal from Eaton Vance funds?
Asked a year ago
Yes, there may be penalties for early withdrawal from Eaton Vance funds. The specific penalties and conditions vary depending on the fund in question. Generally, Eaton Vance imposes a fee or "short-term trading fee" for withdrawals made within a specified period after purchase, usually 30 or 60 days. This fee is intended to deter short-term trading practices that can disrupt the fund's investment strategy and negatively impact long-term investors. Additionally, certain funds may also impose redemption fees if shares are sold within a specified period after purchase. It is advised to carefully review the fund's prospectus or consult with a financial advisor to understand the specific penalties and costs associated with early withdrawal from Eaton Vance funds.
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