ERGMX: Eaton Vance Glbl Macr Absolute Return R

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ERGMX Eaton Vance Glbl Macr Absolute Return R


Profile

ERGMX - Profile

Vitals

  • YTD Return -3.2%
  • 3 Yr Annualized Return -2.2%
  • 5 Yr Annualized Return -1.8%
  • Net Assets $3.12 B
  • Holdings in Top 10 26.3%

52 WEEK LOW AND HIGH

$8.59
$8.08
$8.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.26%

SALES FEES

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

BROKERAGE FEES

  • Turnover 61.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Nontraditional Bond

Distributions

  • YTD Total Return -3.2%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.82%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    106365
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Cirami

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Categories

Performance

ERGMX - Performance

Return Ranking - Trailing

Period ERGMX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.2% -24.2% 12.6% 47.32%
1 Yr -0.7% -24.6% 9.7% 26.63%
3 Yr -2.2%* -13.7% 4.8% 48.34%
5 Yr -1.8%* -6.9% 2.6% 65.93%
10 Yr -1.9%* -4.1% 2.4% 71.05%

* Annualized

Return Ranking - Calendar

Period ERGMX Return Category Return Low Category Return High Rank in Category (%)
2019 4.0% -7.4% 12.4% 36.62%
2018 -6.7% -9.5% 3.1% 88.30%
2017 0.7% -12.3% 9.4% 59.25%
2016 0.0% -2.8% 10.7% 76.92%
2015 -2.8% -11.1% 4.8% 33.64%

Total Return Ranking - Trailing

Period ERGMX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.2% -24.2% 12.6% 47.32%
1 Yr -0.7% -24.6% 9.7% 27.55%
3 Yr -0.3%* -10.5% 4.5% 34.69%
5 Yr 0.8%* -6.0% 5.1% 29.20%
10 Yr 0.3%* -4.1% 4.5% 40.79%

* Annualized

Total Return Ranking - Calendar

Period ERGMX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -7.0% 12.6% 28.34%
2018 -3.8% -9.2% 8.0% 65.60%
2017 3.7% -3.1% 15.2% 33.96%
2016 3.5% -2.8% 17.7% 50.61%
2015 2.1% -10.1% 5.4% 9.35%

NAV & Total Return History


Holdings

ERGMX - Holdings

Concentration Analysis

ERGMX Category Low Category High ERGMX % Rank
Net Assets 3.12 B 3.32 M 29.8 B 17.87%
Number of Holdings 327 5 4979 43.29%
Net Assets in Top 10 936 M -2.94 B 11.5 B 11.59%
Weighting of Top 10 26.33% 4.6% 866.9% 70.55%

Top 10 Holdings

  1. Ukraine (Republic of) 15.84% 5.60%
  2. Serbia (Republic Of) 5.75% 5.51%
  3. Dominican Republic 10.5% 2.89%
  4. Serbia (Republic Of) 5.875% 2.26%
  5. Thailand (Kingdom Of) 1.25% 2.25%
  6. New Zealand (Government Of) 2% 1.83%
  7. New Zealand (Government Of) 3% 1.55%
  8. Republic of Fiji 6.625% 1.50%
  9. Egypt (Arab Republic of) 0% 1.50%
  10. Australia (Commonwealth of) 2.5% 1.43%

Asset Allocation

Weighting Return Low Return High ERGMX % Rank
Bonds
66.19% -4.38% 350.17% 74.39%
Cash
22.50% -659.48% 86.19% 30.18%
Other
8.44% -11.81% 125.73% 5.79%
Stocks
2.57% -35.76% 408.26% 16.46%
Convertible Bonds
0.29% -1.28% 136.57% 57.01%
Preferred Stocks
0.00% 0.00% 21.63% 52.74%

Bond Sector Breakdown

Weighting Return Low Return High ERGMX % Rank
Government
64.65% -7.42% 398.07% 10.37%
Cash & Equivalents
21.78% -103.66% 96.21% 28.05%
Corporate
5.71% 0.00% 98.43% 78.35%
Securitized
4.36% 0.00% 96.63% 66.16%
Derivative
3.51% -238.73% 73.72% 39.63%
Municipal
0.00% 0.00% 79.77% 52.13%

Bond Geographic Breakdown

Weighting Return Low Return High ERGMX % Rank
Non US
65.06% -15.18% 208.19% 8.23%
US
1.13% -6.26% 160.74% 93.90%

Expenses

ERGMX - Expenses

Operational Fees

ERGMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.26% 0.20% 14.11% 51.89%
Management Fee 0.55% 0.00% 2.15% 24.85%
12b-1 Fee 0.50% 0.00% 1.00% 63.86%
Administrative Fee N/A 0.03% 0.45% N/A

Sales Fees

ERGMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.40% 6.50% N/A
Deferred Load N/A 1.00% 5.00% 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 61.00% 0.00% 532.00% 39.02%

Distributions

ERGMX - Distributions

Dividend Yield Analysis

ERGMX Category Low Category High ERGMX % Rank
Dividend Yield 0.00% 0.00% 4.71% 38.17%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ERGMX Category Low Category High ERGMX % Rank
Net Income Ratio 4.82% -0.23% 6.94% 10.28%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ERGMX - Fund Manager Analysis

Managers

Michael Cirami


Start Date

Tenure

Tenure Rank

Jan 28, 2008

12.26

12.3%

Cirami is a vice president of Eaton Vance since 2005, portfolio manager of Eaton Vance’s global fixed-income team since 2008 and has been an employee since 2003. He has a BA from Mary Washington College and an MBA from William E. Simon School at the University of Rochester(2001-2003), and prior thereto he was a team leader for the Institutional Services Group for State Street Bank in Luxemburg since 2000.

John Baur


Start Date

Tenure

Tenure Rank

Jan 28, 2008

12.26

12.3%

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.

Eric Stein


Start Date

Tenure

Tenure Rank

Aug 12, 2010

9.72

9.7%

Eric is a vice president and portfolio manager. He originally joined Eaton Vance in 2002 and rejoined the firm in 2008. He has previously been employed at the Federal Reserve Bank of New York and Citigroup Alternative Investments. Eric earned his M.B.A. in Analytic Finance and Economics with honors from the University of Chicago Booth School of Business and his B.S. in Business Administration from Boston University. Eric is a CFA charterholder and a member of the Boston Security Analysts Society.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 25.35 5.58 1.76