About EEIIX
Eaton Vance Emerging Markets Local Income Fund Class I is an institutional mutual fund focused on local-currency bonds issued by governments and entities in emerging markets. The fund’s primary goal is to provide exposure to both the interest rates and currencies of developing economies, making it a tool for portfolio diversification—especially for investors whose holdings are concentrated in developed markets or U.S. dollar-denominated assets. Managed by one of the industry’s largest emerging-market debt teams, the fund uses a flexible, research-driven approach supported by global macroeconomic and political analysis. Its portfolio is typically spread across a wide range of countries, featuring sovereign bonds from markets such as South Africa, Brazil, Peru, Indonesia, and others, along with significant holdings in cash and U.S. dollars for liquidity. The fund is designed to participate in the income and currency performance of emerging market economies, which can offer growth and risk characteristics distinct from traditional fixed income. With a history dating back to 2009 and a minimum initial investment of $1 million for Class I shares, it serves institutional investors seeking access to emerging-market local debt as a means to enhance yield, manage currency exposure, and diversify a broader fixed-income allocation.
Fund Family Eaton Vance
Category Emerging-Markets Local-Currency Bond
Performance Rating High
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol EEIIX
Share Class Class I Shares
Index Index is not available on Lipper Database
EEIIX had a total return of 17.00% in the past year, including dividends.
Since the fund's inception, the average annual return has been 3.49%.
