About EAGMX
Eaton Vance Global Macro Absolute Return Fund Class A is a mutual fund focused on delivering total return through a flexible, globally diversified absolute return strategy. The fund employs an active, opportunistic approach, investing in a wide array of assets across geographies, sectors, and asset classes—including sovereign and corporate bonds, currencies, equities, interest rate instruments, and derivatives. It takes both long and short positions and is often exposed to foreign currencies and emerging markets, aiming to capitalize on global macroeconomic trends and dislocations.
This fund is notable for its multi-strategy framework, which seeks returns uncorrelated to traditional benchmarks by managing exposures dynamically based on the manager’s views of economic and market conditions. With an emphasis on risk diversification, it often invests in both developed and emerging countries, making significant allocations to regions such as Africa, Eastern Europe, and Latin America as market opportunities arise. The Eaton Vance Global Macro Absolute Return Fund Class A is distinguished in the market for its long-running absolute return focus and its ability to complement traditional asset classes within a broader portfolio.
Fund Family Eaton Vance
Category Nontraditional Bond
Performance Rating High
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol EAGMX
Share Class Class A
Index ICE BofA US 3-Month T Bill TR IX
EAGMX had a total return of 11.42% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.13%.
