Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.2%
1 yr return
4.1%
3 Yr Avg Return
0.8%
5 Yr Avg Return
0.1%
Net Assets
$943 M
Holdings in Top 10
N/A
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.85%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 56.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
EEIIX - Profile
Distributions
- YTD Total Return 1.2%
- 3 Yr Annualized Total Return 0.8%
- 5 Yr Annualized Total Return 0.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.86%
- Dividend Yield 11.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameEaton Vance Emerging Markets Local Income Fund
-
Fund Family NameEatonVance
-
Inception DateDec 02, 2009
-
Shares Outstanding230346497
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Baur
Fund Description
The Fund seeks its investment objective by investing in securities, derivatives and other instruments to establish investment exposures to emerging markets. Total return is defined as income plus capital appreciation. The Fund invests at least 80% of net assets (plus any borrowings for investment purposes) in (i) securities denominated in currencies of emerging market countries; (ii) fixed income instruments issued by emerging market entities or sovereign nations; and/or (iii) derivative instruments, denominated in or based on the currencies, interest rates, or issues of, emerging market countries (the “80% Policy”). Emerging market countries are defined to include any country that did not become a member of the Organization for Economic Cooperation and Development (O.E.C.D.) prior to 1975 and Turkey. Emerging market countries include so-called frontier market countries, which generally are considered by the portfolio managers to be less developed countries that (i) are not included in the J.P. Morgan Government Bond Index: Emerging Markets (JPM GBI-EM) Global Diversified (Unhedged) (the “Index”); or (ii) represent 2% or less of the Index. The Fund may have significant investment in a geographic region or country. The Fund has exposure to sovereign nations (including currencies, interest rates and debt instruments issued or guaranteed by sovereign entities) and duration. The Fund may invest in instruments of any credit rating, including those rated below investment grade (rated below BBB by either S&P Global Ratings or Fitch Ratings, or below Baa by Moody’s Investors Service, Inc.) or in unrated instruments considered to be of comparable quality by the investment adviser (often referred to as “junk” instruments). The Fund seeks to outperform the Index, however there can be no assurance that it will do so. The Fund is “non-diversified,” which means it may invest a greater percentage of its assets in the securities of a single issuer than a “diversified” fund.
The Fund’s investments may include foreign and domestic securities and other instruments, including sovereign debt (including U.S. Treasuries), mortgage-backed securities (“MBS”) and asset-backed securities, stripped securities, loans, bank instruments, municipal securities, corporate debt, other fixed-income securities and commodities-related investments. The Fund may invest up to 5% of net assets in equity securities.
The Fund invests in a wide variety of derivative instruments. The Fund expects to achieve certain exposures through purchasing and selling derivative instruments, including (but not limited to) forward foreign currency exchange contracts; futures on securities, indices, currencies, swaps and other investments; options; and interest rate swaps, cross-currency swaps, total return swaps and credit default swaps, which may create economic leverage in the Fund. The Fund may engage in derivative transactions to seek to enhance total return; to hedge against fluctuations in securities prices, interest rates or currency exchange rates; to change the effective duration of its portfolio; to manage certain investment risks; and/or as a substitute for the purchase or sale of securities or currencies. The Fund may use derivatives to implement various systematic investment processes, including taking long and short interest rate positions across various emerging markets to seek to enhance total return. The Fund’s use of derivatives may be extensive and, except as required by applicable regulation, there is no stated limit on their use.
The Fund may engage in repurchase agreements, reverse repurchase agreements, forward commitments and short sales. The Fund may enter into forward commitments to purchase generic U.S. Government agency MBS, with the total amount of such outstanding commitments not to exceed 10% of the Fund’s total net assets. Such forward commitments may be entered into for purposes of investment leverage. The Fund may enter into forward commitments to sell generic U.S. Government agency MBS, with the total amount of such outstanding commitments not to exceed 50% of the Fund’s MBS holdings.
In managing the Fund, the investment adviser adjusts investments in an effort to take advantage of differences in countries, currencies, interest rates and credits based on its global macroeconomic and political analysis. The investment adviser seeks to identify countries and currencies it believes have potential to outperform investments in other countries and currencies, and to anticipate changes in global economies, markets, political conditions and other factors for this purpose. The investment adviser considers the relative risk/return characteristics of prospective investments (whether securities, currencies, derivatives or other instruments) in determining the most efficient means for achieving desired exposures. When deemed by the investment adviser to be relevant to its evaluation of creditworthiness and when applicable information is available, the investment adviser considers environmental, social and/or governance issues (referred to as ESG) which may impact the prospects of an issuer (or obligor) or financial performance of an obligation. When considered, one or more ESG issues are taken into account alongside other factors in the investment decision-making process and are not the sole determinant of whether an investment can be made or will remain in the Fund’s portfolio. These considerations may be taken into account alongside other fundamental research in the investment selection process.
The Fund invests substantially all of its assets in the Portfolio, a separate registered investment company with the same investment objective and policies as the Fund. References to the Fund’s investments include investments held indirectly through the Portfolio in which the Fund invests.
EEIIX - Performance
Return Ranking - Trailing
Period | EEIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.2% | -4.8% | 463.5% | 80.20% |
1 Yr | 4.1% | -3.2% | 480.4% | 78.84% |
3 Yr | 0.8%* | -7.5% | 59.2% | 36.75% |
5 Yr | 0.1%* | -7.3% | 29.2% | 69.63% |
10 Yr | 2.5%* | -4.4% | 14.7% | 43.48% |
* Annualized
Return Ranking - Calendar
Period | EEIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.4% | -10.6% | 17.8% | 94.20% |
2022 | -22.3% | -29.1% | -2.4% | 81.98% |
2021 | -16.9% | -24.0% | 2.7% | 98.57% |
2020 | -5.4% | -14.0% | 9.7% | 96.67% |
2019 | 7.5% | -6.4% | 13.0% | 64.66% |
Total Return Ranking - Trailing
Period | EEIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.2% | -4.8% | 463.5% | 80.20% |
1 Yr | 4.1% | -3.2% | 480.4% | 78.84% |
3 Yr | 0.8%* | -7.5% | 59.2% | 36.75% |
5 Yr | 0.1%* | -7.3% | 29.2% | 69.63% |
10 Yr | 2.5%* | -4.4% | 14.7% | 43.48% |
* Annualized
Total Return Ranking - Calendar
Period | EEIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.9% | -0.6% | 20.0% | 17.06% |
2022 | -11.5% | -27.6% | -1.7% | 33.57% |
2021 | -7.6% | -18.5% | 7.4% | 79.93% |
2020 | 5.0% | -7.8% | 18.0% | 54.44% |
2019 | 23.0% | -3.0% | 23.0% | 0.38% |
NAV & Total Return History
EEIIX - Holdings
Concentration Analysis
EEIIX | Category Low | Category High | EEIIX % Rank | |
---|---|---|---|---|
Net Assets | 943 M | 565 K | 14.8 B | 26.96% |
Number of Holdings | 4 | 4 | 1860 | 99.66% |
Net Assets in Top 10 | 1.25 B | -134 M | 1.25 B | 0.68% |
Weighting of Top 10 | N/A | 5.8% | 102.5% | 0.54% |
Top 10 Holdings
- Emerging Markets Local Income Portfolio 100.54%
- Emerging Markets Local Income Portfolio 100.54%
- Emerging Markets Local Income Portfolio 100.54%
- Emerging Markets Local Income Portfolio 100.54%
- Emerging Markets Local Income Portfolio 100.54%
- Emerging Markets Local Income Portfolio 100.54%
- Emerging Markets Local Income Portfolio 100.54%
- Emerging Markets Local Income Portfolio 100.54%
- Emerging Markets Local Income Portfolio 100.54%
- Emerging Markets Local Income Portfolio 100.54%
Asset Allocation
Weighting | Return Low | Return High | EEIIX % Rank | |
---|---|---|---|---|
Bonds | 76.52% | 0.00% | 100.50% | 96.59% |
Cash | 21.93% | 0.00% | 29.76% | 2.73% |
Other | 1.55% | -10.15% | 91.74% | 13.99% |
Preferred Stocks | 0.00% | 0.00% | 2.24% | 77.82% |
Convertible Bonds | 0.00% | 0.00% | 8.47% | 90.00% |
Stocks | -0.01% | -0.01% | 96.78% | 99.66% |
EEIIX - Expenses
Operational Fees
EEIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.85% | 0.02% | 32.92% | 76.71% |
Management Fee | 0.65% | 0.00% | 1.10% | 40.96% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.65% | N/A |
Sales Fees
EEIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
EEIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.75% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
EEIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 56.00% | 0.00% | 218.00% | 56.25% |
EEIIX - Distributions
Dividend Yield Analysis
EEIIX | Category Low | Category High | EEIIX % Rank | |
---|---|---|---|---|
Dividend Yield | 11.11% | 0.00% | 22.22% | 5.80% |
Dividend Distribution Analysis
EEIIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
EEIIX | Category Low | Category High | EEIIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.86% | -2.28% | 8.00% | 16.78% |
Capital Gain Distribution Analysis
EEIIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 27, 2024 | $0.030 | OrdinaryDividend |
Oct 30, 2024 | $0.030 | OrdinaryDividend |
Sep 27, 2024 | $0.030 | OrdinaryDividend |
Aug 29, 2024 | $0.030 | OrdinaryDividend |
Jul 30, 2024 | $0.030 | OrdinaryDividend |
May 30, 2024 | $0.030 | OrdinaryDividend |
Apr 29, 2024 | $0.030 | OrdinaryDividend |
Mar 27, 2024 | $0.030 | OrdinaryDividend |
Feb 28, 2024 | $0.030 | OrdinaryDividend |
Jan 30, 2024 | $0.030 | OrdinaryDividend |
Dec 28, 2023 | $0.030 | OrdinaryDividend |
Nov 29, 2023 | $0.030 | OrdinaryDividend |
Oct 30, 2023 | $0.030 | OrdinaryDividend |
Sep 28, 2023 | $0.030 | OrdinaryDividend |
Aug 30, 2023 | $0.036 | OrdinaryDividend |
Jul 28, 2023 | $0.036 | OrdinaryDividend |
Jun 29, 2023 | $0.036 | OrdinaryDividend |
May 30, 2023 | $0.036 | OrdinaryDividend |
Apr 27, 2023 | $0.036 | OrdinaryDividend |
Mar 30, 2023 | $0.036 | OrdinaryDividend |
Feb 27, 2023 | $0.036 | OrdinaryDividend |
Jan 30, 2023 | $0.036 | OrdinaryDividend |
Dec 29, 2022 | $0.036 | OrdinaryDividend |
Nov 29, 2022 | $0.036 | OrdinaryDividend |
Oct 28, 2022 | $0.036 | ReturnOfCapital |
Sep 29, 2022 | $0.036 | ReturnOfCapital |
Aug 30, 2022 | $0.036 | ReturnOfCapital |
Jul 28, 2022 | $0.041 | ReturnOfCapital |
Jun 29, 2022 | $0.041 | ReturnOfCapital |
May 27, 2022 | $0.043 | ReturnOfCapital |
Apr 28, 2022 | $0.043 | ReturnOfCapital |
Mar 30, 2022 | $0.043 | ReturnOfCapital |
Feb 25, 2022 | $0.043 | ReturnOfCapital |
Jan 28, 2022 | $0.043 | ReturnOfCapital |
Dec 30, 2021 | $0.043 | OrdinaryDividend |
Nov 29, 2021 | $0.043 | OrdinaryDividend |
Oct 28, 2021 | $0.039 | ReturnOfCapital |
Oct 28, 2021 | $0.004 | OrdinaryDividend |
Sep 29, 2021 | $0.039 | ReturnOfCapital |
Sep 29, 2021 | $0.004 | OrdinaryDividend |
Aug 30, 2021 | $0.039 | ReturnOfCapital |
Aug 30, 2021 | $0.004 | OrdinaryDividend |
Jul 29, 2021 | $0.039 | ReturnOfCapital |
Jul 29, 2021 | $0.004 | OrdinaryDividend |
Jun 29, 2021 | $0.039 | ReturnOfCapital |
Jun 29, 2021 | $0.004 | OrdinaryDividend |
May 27, 2021 | $0.039 | ReturnOfCapital |
May 27, 2021 | $0.004 | OrdinaryDividend |
Apr 29, 2021 | $0.039 | ReturnOfCapital |
Apr 29, 2021 | $0.004 | OrdinaryDividend |
Mar 30, 2021 | $0.039 | ReturnOfCapital |
Mar 30, 2021 | $0.004 | OrdinaryDividend |
Feb 25, 2021 | $0.039 | ReturnOfCapital |
Feb 25, 2021 | $0.004 | OrdinaryDividend |
Jan 28, 2021 | $0.039 | ReturnOfCapital |
Jan 28, 2021 | $0.004 | OrdinaryDividend |
Dec 30, 2020 | $0.041 | ReturnOfCapital |
Dec 30, 2020 | $0.002 | OrdinaryDividend |
Nov 27, 2020 | $0.041 | ReturnOfCapital |
Nov 27, 2020 | $0.002 | OrdinaryDividend |
Oct 29, 2020 | $0.041 | ReturnOfCapital |
Oct 29, 2020 | $0.002 | OrdinaryDividend |
Sep 29, 2020 | $0.041 | ReturnOfCapital |
Sep 29, 2020 | $0.002 | OrdinaryDividend |
Aug 28, 2020 | $0.041 | ReturnOfCapital |
Aug 28, 2020 | $0.002 | OrdinaryDividend |
Jul 30, 2020 | $0.041 | ReturnOfCapital |
Jul 30, 2020 | $0.002 | OrdinaryDividend |
Jun 29, 2020 | $0.041 | ReturnOfCapital |
Jun 29, 2020 | $0.002 | OrdinaryDividend |
May 28, 2020 | $0.041 | ReturnOfCapital |
May 28, 2020 | $0.002 | OrdinaryDividend |
Apr 29, 2020 | $0.047 | ReturnOfCapital |
Apr 29, 2020 | $0.003 | OrdinaryDividend |
Mar 30, 2020 | $0.047 | ReturnOfCapital |
Mar 30, 2020 | $0.003 | OrdinaryDividend |
Feb 27, 2020 | $0.047 | ReturnOfCapital |
Feb 27, 2020 | $0.003 | OrdinaryDividend |
Jan 30, 2020 | $0.047 | ReturnOfCapital |
Jan 30, 2020 | $0.003 | OrdinaryDividend |
Dec 30, 2019 | $0.050 | OrdinaryDividend |
Dec 30, 2019 | $0.184 | CapitalGainShortTerm |
Nov 27, 2019 | $0.050 | OrdinaryDividend |
Oct 30, 2019 | $0.050 | OrdinaryDividend |
Sep 27, 2019 | $0.050 | OrdinaryDividend |
Aug 29, 2019 | $0.050 | OrdinaryDividend |
Jul 30, 2019 | $0.050 | OrdinaryDividend |
Jun 27, 2019 | $0.050 | OrdinaryDividend |
May 30, 2019 | $0.045 | OrdinaryDividend |
Apr 29, 2019 | $0.045 | OrdinaryDividend |
Mar 28, 2019 | $0.045 | OrdinaryDividend |
Feb 27, 2019 | $0.046 | OrdinaryDividend |
Jan 30, 2019 | $0.046 | OrdinaryDividend |
Dec 28, 2018 | $0.044 | OrdinaryDividend |
Nov 29, 2018 | $0.048 | OrdinaryDividend |
Oct 30, 2018 | $0.048 | OrdinaryDividend |
Sep 27, 2018 | $0.048 | OrdinaryDividend |
Aug 30, 2018 | $0.048 | OrdinaryDividend |
Jul 30, 2018 | $0.048 | OrdinaryDividend |
Jun 28, 2018 | $0.048 | OrdinaryDividend |
May 30, 2018 | $0.048 | OrdinaryDividend |
Apr 27, 2018 | $0.048 | OrdinaryDividend |
Mar 28, 2018 | $0.048 | OrdinaryDividend |
Feb 27, 2018 | $0.048 | OrdinaryDividend |
Jan 30, 2018 | $0.048 | OrdinaryDividend |
Dec 28, 2017 | $0.048 | OrdinaryDividend |
Nov 29, 2017 | $0.048 | OrdinaryDividend |
Oct 30, 2017 | $0.048 | OrdinaryDividend |
Sep 28, 2017 | $0.048 | OrdinaryDividend |
Aug 30, 2017 | $0.048 | OrdinaryDividend |
Jul 28, 2017 | $0.048 | OrdinaryDividend |
Jun 29, 2017 | $0.048 | OrdinaryDividend |
May 30, 2017 | $0.048 | OrdinaryDividend |
Apr 27, 2017 | $0.048 | OrdinaryDividend |
Mar 30, 2017 | $0.048 | OrdinaryDividend |
Feb 27, 2017 | $0.048 | OrdinaryDividend |
Jan 30, 2017 | $0.048 | OrdinaryDividend |
Dec 29, 2016 | $0.048 | OrdinaryDividend |
Nov 29, 2016 | $0.048 | OrdinaryDividend |
Oct 28, 2016 | $0.048 | OrdinaryDividend |
Sep 29, 2016 | $0.048 | OrdinaryDividend |
Aug 30, 2016 | $0.061 | OrdinaryDividend |
Jul 28, 2016 | $0.061 | OrdinaryDividend |
Jun 29, 2016 | $0.059 | OrdinaryDividend |
May 27, 2016 | $0.061 | OrdinaryDividend |
Apr 28, 2016 | $0.059 | OrdinaryDividend |
Mar 30, 2016 | $0.061 | OrdinaryDividend |
Feb 26, 2016 | $0.058 | OrdinaryDividend |
Jan 28, 2016 | $0.061 | OrdinaryDividend |
Dec 30, 2015 | $0.061 | OrdinaryDividend |
Nov 27, 2015 | $0.059 | OrdinaryDividend |
Oct 29, 2015 | $0.061 | OrdinaryDividend |
Sep 29, 2015 | $0.059 | OrdinaryDividend |
Aug 28, 2015 | $0.061 | OrdinaryDividend |
Jul 30, 2015 | $0.061 | OrdinaryDividend |
Jun 29, 2015 | $0.059 | OrdinaryDividend |
May 28, 2015 | $0.061 | OrdinaryDividend |
Apr 29, 2015 | $0.059 | OrdinaryDividend |
Mar 30, 2015 | $0.061 | OrdinaryDividend |
Feb 26, 2015 | $0.056 | OrdinaryDividend |
Jan 29, 2015 | $0.061 | OrdinaryDividend |
Dec 30, 2014 | $0.061 | OrdinaryDividend |
Nov 26, 2014 | $0.059 | OrdinaryDividend |
Oct 30, 2014 | $0.061 | OrdinaryDividend |
Sep 29, 2014 | $0.059 | OrdinaryDividend |
Aug 28, 2014 | $0.061 | OrdinaryDividend |
Jul 30, 2014 | $0.061 | OrdinaryDividend |
Jun 27, 2014 | $0.059 | OrdinaryDividend |
May 29, 2014 | $0.061 | OrdinaryDividend |
Apr 29, 2014 | $0.059 | OrdinaryDividend |
Mar 28, 2014 | $0.061 | OrdinaryDividend |
Feb 27, 2014 | $0.056 | OrdinaryDividend |
Jan 30, 2014 | $0.061 | OrdinaryDividend |
Dec 30, 2013 | $0.061 | OrdinaryDividend |
Nov 27, 2013 | $0.059 | OrdinaryDividend |
Oct 30, 2013 | $0.061 | OrdinaryDividend |
Sep 27, 2013 | $0.059 | OrdinaryDividend |
Aug 29, 2013 | $0.061 | OrdinaryDividend |
Jul 30, 2013 | $0.061 | OrdinaryDividend |
Jun 27, 2013 | $0.059 | OrdinaryDividend |
May 30, 2013 | $0.061 | OrdinaryDividend |
Apr 29, 2013 | $0.059 | OrdinaryDividend |
Mar 27, 2013 | $0.061 | OrdinaryDividend |
EEIIX - Fund Manager Analysis
Managers
John Baur
Start Date
Tenure
Tenure Rank
Jan 28, 2008
14.35
14.4%
John is a vice president since 2007 and a portfolio manager since 2008 at Eaton Vance. He covers Latin America and joined Eaton Vance in 2004. He has previously been employed at Applied Materials, Inc. in California, Taiwan and Singapore. John earned his M.B.A with honors from the Johnson Graduate School of Management at Cornell University, and his B.S. in Mechanical Engineering from MIT.
Brian Shaw
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.15 | 23.87 | 6.5 | 6.11 |