ERGMX: Eaton Vance Global Macro Absolute Return Fund - MutualFunds.com
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Eaton Vance Glbl Macr Absolute Return R

ERGMX - Snapshot

Vitals

  • YTD Return -0.5%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $2.94 B
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$8.75
$8.63
$8.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.25%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 81.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Compare ERGMX to Popular Bond Sector Diversified Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$12.08

0.00%

$140.17 B

4.10%

$0.50

-0.25%

1.09%

$10.36

+0.10%

$41.21 B

2.64%

$0.27

-0.10%

0.75%

$8.51

0.00%

$24.92 B

3.41%

$0.29

1.19%

0.78%

$12.80

+0.08%

$16.22 B

2.11%

$0.27

1.51%

0.96%

$9.55

+0.11%

$12.13 B

4.34%

$0.41

1.27%

0.41%

ERGMX - Profile

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.89%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Eaton Vance Global Macro Absolute Return Fund
  • Fund Family Name
    Eaton Vance
  • Inception Date
    Apr 08, 2010
  • Shares Outstanding
    135006
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Cirami

ERGMX - Performance

Return Ranking - Trailing

Period ERGMX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -34.4% 24.0% 72.89%
1 Yr 5.1% -43.4% 54.3% 83.31%
3 Yr 3.8%* -15.5% 11.8% 70.20%
5 Yr 3.1%* -17.0% 14.5% 80.55%
10 Yr 2.3%* -1.6% 12.9% 87.57%

* Annualized

Return Ranking - Calendar

Period ERGMX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.9% -49.2% 314.3% 70.32%
2019 4.0% -35.1% 15.3% 56.99%
2018 -6.7% -48.0% 3.4% 74.63%
2017 0.7% -14.8% 11.2% 71.20%
2016 0.0% -11.2% 10.7% 83.62%

Total Return Ranking - Trailing

Period ERGMX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -34.4% 23.6% 73.01%
1 Yr 5.1% -46.7% 54.3% 74.94%
3 Yr 3.8%* -17.1% 13.4% 65.40%
5 Yr 3.1%* -18.0% 14.5% 76.57%
10 Yr 2.3%* -1.6% 12.9% 86.63%

* Annualized

Total Return Ranking - Calendar

Period ERGMX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.9% -49.2% 314.3% 70.32%
2019 4.6% -35.1% 15.3% 49.02%
2018 -3.8% -48.0% 8.0% 51.24%
2017 3.7% -14.8% 15.2% 42.58%
2016 3.5% -11.2% 17.7% 55.05%

NAV & Total Return History


ERGMX - Holdings

Concentration Analysis

ERGMX Category Low Category High ERGMX % Rank
Net Assets 2.94 B 10 140 B 20.00%
Number of Holdings 3 3 8055 99.14%
Net Assets in Top 10 2.94 B -3.15 B 6.07 B 3.95%
Weighting of Top 10 N/A 4.2% 100.0% 2.25%

Top 10 Holdings

  1. Global Macro Portfolio 100.01%
  2. Global Macro Portfolio 100.01%
  3. Global Macro Portfolio 100.01%
  4. Global Macro Portfolio 100.01%
  5. Global Macro Portfolio 100.01%
  6. Global Macro Portfolio 100.01%
  7. Global Macro Portfolio 100.01%
  8. Global Macro Portfolio 100.01%
  9. Global Macro Portfolio 100.01%
  10. Global Macro Portfolio 100.01%

Asset Allocation

Weighting Return Low Return High ERGMX % Rank
Bonds
57.36% -146.87% 302.14% 89.89%
Cash
39.11% -210.92% 259.83% 6.66%
Stocks
2.32% -54.77% 184.68% 22.44%
Other
1.21% -45.66% 104.83% 11.71%
Preferred Stocks
0.00% 0.00% 31.40% 55.12%
Convertible Bonds
0.00% 0.00% 129.09% 86.81%

Bond Sector Breakdown

Weighting Return Low Return High ERGMX % Rank
Government
48.34% 0.00% 99.63% 7.15%
Cash & Equivalents
39.57% 0.00% 100.00% 4.19%
Corporate
6.06% 0.00% 100.00% 88.78%
Securitized
3.58% 0.00% 98.90% 79.78%
Derivative
2.45% 0.00% 59.04% 31.81%
Municipal
0.00% 0.00% 55.87% 40.32%

Bond Geographic Breakdown

Weighting Return Low Return High ERGMX % Rank
Non US
51.98% -225.98% 105.85% 7.52%
US
5.38% -147.15% 292.53% 95.07%

ERGMX - Expenses

Operational Fees

ERGMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.25% 0.02% 5.53% 39.80%
Management Fee 0.56% 0.00% 2.25% 39.10%
12b-1 Fee 0.50% 0.00% 1.00% 62.30%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

ERGMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ERGMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ERGMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 81.00% 0.00% 498.00% 48.58%

ERGMX - Distributions

Dividend Yield Analysis

ERGMX Category Low Category High ERGMX % Rank
Dividend Yield 3.60% 0.00% 3.35% 13.76%

Dividend Distribution Analysis

ERGMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

ERGMX Category Low Category High ERGMX % Rank
Net Income Ratio 3.89% -1.28% 11.44% 24.11%

Capital Gain Distribution Analysis

ERGMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

ERGMX - Fund Manager Analysis

Managers

Michael Cirami


Start Date

Tenure

Tenure Rank

Jan 28, 2008

13.43

13.4%

Michael Cirami is a vice president of Eaton Vance Management, director of global income and portfolio manager on Eaton Vance's global income team. He is responsible for leading the global income team with investment professionals based in Boston, Washington, D.C., London and Singapore, as well as for buy and sell decisions, portfolio construction and risk management for the firm's global income strategies. Michael focuses on emerging Europe, the Middle East and Africa. He joined Eaton Vance in 2003. Michael began his career in the investment management industry in 1998. Previously at Eaton Vance, he was co-director of global income. Before joining Eaton Vance, he worked at State Street Bank in Boston, Luxemburg and Munich, and BT&T Asset Management in Zurich. Michael earned a B.S., cum laude, from Mary Washington College and an MBA with honors from the William E. Simon School at the University of Rochester. He also studied at WHU Otto Beisheim School of Management in Koblenz, Germany. He is a member of the CFA Society Boston, the Boston Committee on Foreign Relations and the Ludwig von Mises Institute. He also serves as a board member and chairman of the investment committee of the Boston Civic Symphony and the University of Mary Washington Foundation. Additionally, he is on the board of overseers for the New England Conservatory. He is a CFA charterholder. Michael's commentary has appeared in The Wall Street Journal, Barron's, Bloomberg and Reuters. He has been a featured speaker at Schwab, Bloomberg European Debt Crisis and Standard Chartered forums.

John Baur


Start Date

Tenure

Tenure Rank

Jan 28, 2008

13.43

13.4%

John is a vice president since 2007 and a portfolio manager since 2008 at Eaton Vance. He covers Latin America and joined Eaton Vance in 2004. He has previously been employed at Applied Materials, Inc. in California, Taiwan and Singapore. John earned his M.B.A with honors from the Johnson Graduate School of Management at Cornell University, and his B.S. in Mechanical Engineering from MIT.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 27.52 5.54 2.28