About ECGMX
Eaton Vance Global Macro Absolute Return Fund Class C is an actively managed mutual fund focused on delivering total return by combining income and capital appreciation. The fund employs a flexible, global macro strategy, investing across a wide spectrum of securities, derivatives, and other financial instruments to establish both long and short exposures in multiple global markets. Its primary focus is on sovereign exposures—which include currencies, interest rates, and debt instruments issued or guaranteed by governments—though it may also invest in corporate bonds, mortgage-backed securities, preferred stocks, and cash equivalents. The portfolio is typically well-diversified geographically, with significant allocations to both developed and emerging markets.
Operating within the nontraditional bond category, the fund distinguishes itself by managing duration and currency risks dynamically, aiming for returns that do not correlate closely with traditional bond markets. Its unconstrained investment mandate provides significant flexibility to adjust exposure in response to changing macroeconomic conditions. Eaton Vance Global Macro Absolute Return Fund Class C is designed to serve as a complement to core fixed income holdings, offering potential diversification benefits through its global reach and active risk management approach.
Fund Family Eaton Vance
Category Alt Global Macro
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol ECGMX
Share Class Class C
Index ICE BofA US 3-Month T Bill TR IX
ECGMX had a total return of 9.81% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.93%.
