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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Eaton Vance Global Macro Absolute Return Fund

EGMSX | Fund

$8.97

$3.79 B

5.38%

$0.48

1.19%

Vitals

YTD Return

4.2%

1 yr return

12.2%

3 Yr Avg Return

9.7%

5 Yr Avg Return

6.5%

Net Assets

$3.79 B

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.19%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 88.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Eaton Vance Global Macro Absolute Return Fund

EGMSX | Fund

$8.97

$3.79 B

5.38%

$0.48

1.19%

EGMSX - Profile

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 9.7%
  • 5 Yr Annualized Total Return 6.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.56%
DIVIDENDS
  • Dividend Yield 5.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Eaton Vance Global Macro Absolute Return Fund
  • Fund Family Name
    EatonVance
  • Inception Date
    May 31, 2017
  • Shares Outstanding
    36786418
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Baur

Fund Description

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.
The Fund seeks its investment objective by investing in securities, derivatives and other instruments to establish long and short investment exposures around the world. Total return is defined as income plus capital appreciation. The Fund normally invests in multiple countries (at least three different countries, one of which can be the United States) and frequently has significant exposure to foreign currencies and investments. The Fund’s long and short investments are primarily sovereign exposures, including currencies, interest rates and debt instruments issued or guaranteed by sovereign entities (including U.S. Treasuries). 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 may have significant investment in a geographic region or country, typically including less-developed countries. Less-developed countries are commonly referred to as emerging market countries, which include so-called frontier market countries. Frontier countries 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. Normally, not more than 25% of the Fund’s assets are invested in securities or issuers in any one foreign country or denominated in any one currency other than the U.S. dollar or the euro. 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 may also invest in other foreign and domestic securities and other instruments, including 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 10% of net assets in equity securities.
The Fund may invest 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, commodities, 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, currencies or commodities. 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. The Fund may invest in money market instruments.
The Fund employs an “absolute return” investment approach. This means that the Fund benchmarks itself to an index of cash instruments, rather than a stock or bond market index, and seeks to achieve returns that exceed the ICE  BofA 3-Month U.S. Treasury Bill Index and are largely independent of broad movements in stocks and bonds.  
In managing the Fund, the investment adviser utilizes  macroeconomic and political analysis to identify investment opportunities throughout the world, including both developed and emerging markets. 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. 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 Portfolio may gain exposure to commodities by investing up to 25% of its total assets in Eaton Vance  GMP Commodity Subsidiary, Ltd. (the “Subsidiary”), a wholly-owned subsidiary of the Portfolio organized under the laws of the Cayman Islands, which invests primarily in commodities-related investments, as well as securities and other instruments in which the Portfolio is permitted to invest.
Read More

EGMSX - Performance

Return Ranking - Trailing

Period EGMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -7.0% 6.4% 3.13%
1 Yr 12.2% -11.7% 19.2% 1.48%
3 Yr 9.7%* -6.0% 14.9% 5.27%
5 Yr 6.5%* -8.0% 12.2% 3.46%
10 Yr N/A* -1.0% 11.3% 65.11%

* Annualized

Return Ranking - Calendar

Period EGMSX Return Category Return Low Category Return High Rank in Category (%)
2025 5.1% -21.9% 12.9% 5.43%
2024 2.1% -17.6% 5.4% 13.82%
2023 1.0% -12.0% 8.9% 73.68%
2022 -5.1% -31.8% 18.4% 8.28%
2021 -1.9% -16.2% 25.7% 64.27%

Total Return Ranking - Trailing

Period EGMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -7.0% 6.4% 3.13%
1 Yr 12.2% -11.7% 19.2% 1.48%
3 Yr 9.7%* -6.0% 14.9% 5.27%
5 Yr 6.5%* -8.0% 12.2% 3.46%
10 Yr N/A* -1.0% 11.3% 63.19%

* Annualized

Total Return Ranking - Calendar

Period EGMSX Return Category Return Low Category Return High Rank in Category (%)
2025 12.5% -9.2% 20.9% 3.13%
2024 8.7% -11.7% 18.6% 14.31%
2023 7.1% -6.5% 22.2% 68.09%
2022 -0.4% -23.0% 21.1% 6.59%
2021 2.2% -7.8% 49.9% 53.42%

NAV & Total Return History

EGMSX - Holdings

Concentration Analysis

EGMSX Category Low Category High EGMSX % Rank
Net Assets 3.79 B 2.65 M 226 B 23.56%
Number of Holdings 4 4 10796 98.17%
Net Assets in Top 10 2.37 B -204 M 91.6 B 8.47%
Weighting of Top 10 N/A 5.1% 105.1% 2.53%

Top 10 Holdings

  1. Global Macro Portfolio 100.04%
  2. Global Macro Portfolio 100.04%
  3. Global Macro Portfolio 100.04%
  4. Global Macro Portfolio 100.04%
  5. Global Macro Portfolio 100.04%
  6. Global Macro Portfolio 100.04%
  7. Global Macro Portfolio 100.04%
  8. Global Macro Portfolio 100.04%
  9. Global Macro Portfolio 100.04%
  10. Global Macro Portfolio 100.04%

Asset Allocation

Weighting Return Low Return High EGMSX % Rank
Bonds 		60.25% -5.04% 180.51% 80.40%
Cash 		36.75% -94.66% 98.41% 2.99%
Stocks 		1.69% -7.68% 100.00% 35.55%
Other 		1.19% -37.46% 104.06% 68.11%
Convertible Bonds 		0.11% 0.00% 33.50% 80.17%
Preferred Stocks 		0.00% 0.00% 12.59% 61.63%

Bond Sector Breakdown

Weighting Return Low Return High EGMSX % Rank
Government 		48.26% 0.00% 99.43% 4.64%
Cash & Equivalents 		36.61% 0.00% 98.41% 2.67%
Corporate 		9.12% 0.00% 96.66% 82.30%
Securitized 		3.56% 0.00% 99.65% 80.76%
Derivative 		2.45% -29.08% 11.34% 6.67%
Municipal 		0.00% 0.00% 54.26% 51.37%

Bond Geographic Breakdown

Weighting Return Low Return High EGMSX % Rank
Non US 		55.17% 0.00% 67.48% 4.15%
US 		5.08% -5.04% 162.24% 90.03%

EGMSX - Expenses

Operational Fees

EGMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.19% 0.14% 9.86% 47.35%
Management Fee 0.58% 0.00% 2.29% 48.03%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

EGMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

EGMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

EGMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 88.00% 0.00% 632.00% 59.07%

EGMSX - Distributions

Dividend Yield Analysis

EGMSX Category Low Category High EGMSX % Rank
Dividend Yield 5.38% 0.00% 23.30% 75.86%

Dividend Distribution Analysis

EGMSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

EGMSX Category Low Category High EGMSX % Rank
Net Income Ratio 4.56% -1.55% 11.51% 11.99%

Capital Gain Distribution Analysis

EGMSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

EGMSX - 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.

Patrick Campbell

Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Kyle Lee

Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Mr. Lee is a Vice President of Eaton Vance.

Federico Sequeda

Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Hussein Khattab

Start Date

Tenure

Tenure Rank

Mar 16, 2022

0.21

0.2%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.19 5.66 3.19

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