About EGRCX
The Eaton Vance Global Macro Absolute Return Advantage Fund Class C is a nontraditional bond mutual fund designed to pursue total return through a flexible, globally diversified strategy. Its core objective is to deliver returns that are not closely correlated with traditional bond markets, making it a potential complement to conventional fixed income holdings. The fund achieves this by utilizing an absolute return mandate, enabling its managers to invest in a wide range of assets—including sovereign bonds, foreign currencies, and credit instruments—across both developed and emerging markets. The managers actively employ long and short positions and have minimal constraints on sector, regional, currency, or duration exposures, granting broad flexibility to respond to shifting macroeconomic and political environments.
A distinguishing feature is the fund’s ability to adjust interest rate sensitivity, even taking it to zero or negative if market conditions warrant. This capacity for unconstrained portfolio construction intends to manage risk and pursue positive returns across diverse market cycles. The portfolio regularly contains a global mix of sovereign debt, such as Polish, Egyptian, and Mexican government bonds, and incorporates derivatives and other sophisticated instruments for both risk management and return enhancement. With its role as a diversifier, the Eaton Vance Global Macro Absolute Return Advantage Fund Class C targets investors seeking exposure to global macroeconomic trends, aiming for low correlation with traditional asset classes.
Fund Family Eaton Vance
Category Nontraditional Bond
Performance Rating High
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol EGRCX
Share Class Class C
Index ICE BofA US 3-Month T Bill TR IX
EGRCX had a total return of 18.01% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.32%.
