About EGRAX
Eaton Vance Global Macro Absolute Return Advantage Fund Class A is a nontraditional bond mutual fund that employs a flexible, benchmark-unconstrained global macro strategy. Its primary objective is total return, achieved by dynamically allocating capital across both emerging and developed markets. The fund invests in a diverse mix of asset classes—such as sovereign and corporate debt, equities, currencies, and derivatives—allowing for both long and short positions to capitalize on a wide range of macroeconomic opportunities. Its investment process relies on comprehensive macroeconomic and political research, enabling the fund to navigate complex global market environments and adjust risk exposures as needed. Notably, the fund seeks to complement traditional holdings by aiming for low volatility and a low correlation to conventional asset classes, making it a potential diversifier in investor portfolios. Eaton Vance, known for its expertise in active risk management and global investing, oversees the management of this fund. The strategy often includes significant allocations to regions including Africa, the Middle East, Eastern Europe, and Asia, with positioning in sovereign currencies and credit markets often driving performance.
Fund Family Eaton Vance
Category Nontraditional Bond
Performance Rating High
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol EGRAX
Share Class Class A
Index ICE BofA US 3-Month T Bill TR IX
EGRAX had a total return of 23.46% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.43%.
