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ERGMX Eaton Vance Glbl Macr Absolute Return R

  • Fund
  • ERGMX
  • Price as of: Sep 17, 2019
  • $8.77 - $0.00 - 0.00%

ERGMX - Profile

Vitals

  • YTD Return 2.8%
  • 3 Yr Annualized Return -1.4%
  • 5 Yr Annualized Return -1.4%
  • Net Assets $3.61 B
  • Holdings in Top 10 23.2%

52 WEEK LOW AND HIGH

$8.77
$8.52
$8.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.28%

SALES FEES

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

BROKERAGE FEES

  • Turnover 78.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 1.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.09%
DIVIDENDS
  • Dividend Yield 2.0%
  • 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 98393
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Michael A. Cirami

ERGMX - Performance

Return Ranking - Trailing

Period ERGMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -6.8% 12.2% 51.72%
1 Yr 0.3% -10.7% 10.2% 42.06%
3 Yr -1.4%* -4.5% 3.2% 88.18%
5 Yr -1.4%* -2.8% 9.4% 64.46%
10 Yr N/A* -1.6% 1.6% N/A

* Annualized


Return Ranking - Calendar

Period ERGMX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.7% -9.2% 0.8% 87.93%
2017 0.7% -12.3% 9.4% 70.98%
2016 0.0% -2.8% 9.0% 77.36%
2015 -2.8% -11.1% 4.8% 29.19%
2014 -1.1% -8.0% 54.9% 53.79%

Total Return Ranking - Trailing

Period ERGMX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -6.8% 12.4% 42.91%
1 Yr 2.1% -9.8% 12.9% 26.98%
3 Yr 1.2%* -3.5% 6.1% 47.73%
5 Yr 1.8%* -2.7% 11.6% 26.51%
10 Yr N/A* -1.1% 5.5% N/A

* Annualized


Total Return Ranking - Calendar

Period ERGMX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.8% -9.2% 4.1% 67.24%
2017 3.7% -3.1% 15.2% 39.73%
2016 3.5% -2.8% 11.2% 48.58%
2015 2.1% -10.1% 5.4% 8.65%
2014 2.6% -8.0% 55.3% 33.79%

NAV & Total Return History

ERGMX - Holdings

Concentration Analysis

ERGMX Category Low Category High ERGMX % Rank
Net Assets 3.61 B 1.15 M 33.4 B 17.29%
Number of Holdings 395 12 4741 51.29%
Net Assets in Top 10 902 M -5.94 B 3.34 B 7.75%
Weighting of Top 10 23.15% 0.0% 834.9% 73.06%

Top 10 Holdings

  1. Serbia (Republic Of) 5.75% 4.81%

  2. Ukraine Government International Bond, 9.75% 3.06%

  3. Dominican Republic 10.5% 2.81%

  4. Government National Mortgage Association: 5.00% With Various Maturities To 2.13%

  5. Serbia (Republic Of) 5.88% 1.89%

  6. Thailand (Kingdom Of) 1.25% 1.86%

  7. Albania(Republic Of) 3.5% 1.68%

  8. Macedonia (Republic of) 3.98% 1.68%

  9. New Zealand (Government Of) 2% 1.68%

  10. Total Purchased Swaptions 1.56%


Asset Allocation

Weighting Return Low Return High ERGMX % Rank
Bonds
74.76% -41.63% 185.46% 67.90%
Cash
14.42% -64.65% 135.46% 36.90%
Other
7.98% -25.09% 107.29% 7.38%
Stocks
2.84% -52.25% 17.13% 10.70%
Preferred Stocks
0.00% 0.00% 21.25% 68.63%
Convertible Bonds
0.00% 0.00% 115.63% 84.87%

Bond Sector Breakdown

Weighting Return Low Return High ERGMX % Rank
Government
60.80% -212.16% 389.83% 11.07%
Cash & Equivalents
10.93% -64.70% 133.57% 38.38%
Securitized
8.04% 0.00% 134.86% 73.43%
Derivative
5.05% -248.67% 13.08% 6.64%
Corporate
4.36% 0.00% 142.96% 89.30%
Municipal
0.00% 0.00% 88.67% 61.99%

Bond Geographic Breakdown

Weighting Return Low Return High ERGMX % Rank
Non US
74.69% -45.53% 130.05% 7.75%
US
0.07% -107.55% 138.11% 94.46%

ERGMX - Expenses

Operational Fees

ERGMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.28% 0.20% 25.49% 50.41%
Management Fee 0.53% 0.00% 2.15% 23.57%
12b-1 Fee 0.50% 0.00% 1.00% 65.06%
Administrative Fee N/A 0.00% 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

Turnover 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 78.00% 0.00% 2337.00% 43.14%

ERGMX - Distributions

Dividend Yield Analysis

ERGMX Category Low Category High ERGMX % Rank
Dividend Yield 1.98% 0.00% 5.64% 47.50%

Dividend Distribution Analysis

ERGMX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

ERGMX Category Low Category High ERGMX % Rank
Net Income Ratio 4.09% 0.10% 6.40% 18.03%

Capital Gain Distribution Analysis

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

ERGMX - Managers

Michael A. Cirami

Manager

Start Date

Tenure

Tenure Rank

Jan 28, 2008

11.6

11.6%

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 R. Baur

Manager

Start Date

Tenure

Tenure Rank

Jan 28, 2008

11.6

11.6%

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 A. Stein

Manager

Start Date

Tenure

Tenure Rank

Aug 12, 2010

9.06

9.1%

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

0.12

Category High

24.68

Category Average

5.28

Category Mode

1.5