Eaton Vance Global Macro Absolute Return Advantage Fund
Fund
EGRIX
Price as of:
$12.45
+ $0.02
+ 0.16%
Primary Theme
fund company
Name
As of 06/01/2026Price
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
$12.45
$4.97 B
6.26%
$0.78
2.29%
Vitals
YTD Return
6.5%
1 yr return
19.5%
3 Yr Avg Return
13.5%
5 Yr Avg Return
8.7%
Net Assets
$4.97 B
Holdings in Top 10
99.8%
52 WEEK LOW AND HIGH
$12.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.29%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 82.00%
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 06/01/2026Price
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
$12.45
$4.97 B
6.26%
$0.78
2.29%
EGRIX - Profile
Distributions
- YTD Total Return 6.5%
- 3 Yr Annualized Total Return 13.5%
- 5 Yr Annualized Total Return 8.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.35%
- Dividend Yield 6.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameEaton Vance Global Macro Absolute Return Advantage Fund
-
Fund Family NameEatonVance
-
Inception DateSep 01, 2010
-
Shares Outstanding82158492
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn 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 and frequently has significant exposure to foreign currencies and investments. The Fund normally invests at least 40% of its net assets in foreign 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 and typically a portion will be invested in emerging market countries. 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 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, equity securities and commodities-related investments. The Fund may invest in money markets instruments.
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 is frequently 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 and short sales. The Fund also may enter into forward commitments to purchase or sell 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 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 GMAP 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.
EGRIX - Performance
Return Ranking - Trailing
| Period | EGRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.5% | -7.0% | 6.4% | 0.48% |
| 1 Yr | 19.5% | -11.7% | 19.2% | 0.16% |
| 3 Yr | 13.5%* | -6.0% | 14.9% | 0.96% |
| 5 Yr | 8.7%* | -8.0% | 12.2% | 1.01% |
| 10 Yr | 6.5%* | -1.0% | 11.3% | 4.44% |
* Annualized
Return Ranking - Calendar
| Period | EGRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 12.8% | -21.9% | 12.9% | 0.32% |
| 2024 | 3.3% | -17.6% | 5.4% | 5.27% |
| 2023 | 4.8% | -12.0% | 8.9% | 11.02% |
| 2022 | -6.5% | -31.8% | 18.4% | 15.08% |
| 2021 | -1.2% | -16.2% | 25.7% | 40.58% |
Total Return Ranking - Trailing
| Period | EGRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.5% | -7.0% | 6.4% | 0.48% |
| 1 Yr | 19.5% | -11.7% | 19.2% | 0.16% |
| 3 Yr | 13.5%* | -6.0% | 14.9% | 0.96% |
| 5 Yr | 8.7%* | -8.0% | 12.2% | 1.01% |
| 10 Yr | 6.5%* | -1.0% | 11.3% | 4.44% |
* Annualized
Total Return Ranking - Calendar
| Period | EGRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 20.3% | -9.2% | 20.9% | 0.80% |
| 2024 | 9.5% | -11.7% | 18.6% | 10.54% |
| 2023 | 8.4% | -6.5% | 22.2% | 46.49% |
| 2022 | -1.9% | -23.0% | 21.1% | 12.30% |
| 2021 | 3.7% | -7.8% | 49.9% | 26.83% |
NAV & Total Return History
EGRIX - Holdings
Concentration Analysis
| EGRIX | Category Low | Category High | EGRIX % Rank | |
|---|---|---|---|---|
| Net Assets | 4.97 B | 2.65 M | 226 B | 16.94% |
| Number of Holdings | 4 | 4 | 10796 | 99.84% |
| Net Assets in Top 10 | 1.95 B | -204 M | 91.6 B | 11.45% |
| Weighting of Top 10 | 99.79% | 5.1% | 105.1% | 3.74% |
Top 10 Holdings
- Global Macro Absolute Return Adv Port 100.07%
- Global Macro Absolute Return Adv Port 100.07%
- Global Macro Absolute Return Adv Port 100.07%
- Global Macro Absolute Return Adv Port 100.07%
- Global Macro Absolute Return Adv Port 100.07%
- Global Macro Absolute Return Adv Port 100.07%
- Global Macro Absolute Return Adv Port 100.07%
- Global Macro Absolute Return Adv Port 100.07%
- Global Macro Absolute Return Adv Port 100.07%
- Global Macro Absolute Return Adv Port 100.07%
Asset Allocation
| Weighting | Return Low | Return High | EGRIX % Rank | |
|---|---|---|---|---|
| Bonds | 70.68% | -5.04% | 180.51% | 76.94% |
| Cash | 24.50% | -94.66% | 98.41% | 6.13% |
| Stocks | 2.62% | -7.68% | 100.00% | 31.29% |
| Other | 2.05% | -37.46% | 104.06% | 60.32% |
| Convertible Bonds | 0.16% | 0.00% | 33.50% | 77.61% |
| Preferred Stocks | 0.00% | 0.00% | 12.59% | 85.97% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | EGRIX % Rank | |
|---|---|---|---|---|
| Government | 57.21% | 0.00% | 99.43% | 2.67% |
| Cash & Equivalents | 24.22% | 0.00% | 98.41% | 7.77% |
| Corporate | 13.50% | 0.00% | 96.66% | 77.67% |
| Derivative | 4.38% | -29.08% | 11.34% | 2.91% |
| Securitized | 0.68% | 0.00% | 99.65% | 89.00% |
| Municipal | 0.00% | 0.00% | 54.26% | 84.83% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | EGRIX % Rank | |
|---|---|---|---|---|
| Non US | 67.15% | 0.00% | 67.48% | 0.97% |
| US | 3.53% | -5.04% | 162.24% | 91.45% |
EGRIX - Expenses
Operational Fees
| EGRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.29% | 0.14% | 9.86% | 12.86% |
| Management Fee | 0.92% | 0.00% | 2.29% | 81.63% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
| EGRIX 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
| EGRIX 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.
| EGRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 82.00% | 0.00% | 632.00% | 55.66% |
EGRIX - Distributions
Dividend Yield Analysis
| EGRIX | Category Low | Category High | EGRIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.26% | 0.00% | 23.30% | 83.41% |
Dividend Distribution Analysis
| EGRIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| EGRIX | Category Low | Category High | EGRIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.35% | -1.55% | 11.51% | 10.49% |
Capital Gain Distribution Analysis
| EGRIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 30, 2025 | $0.778 | OrdinaryDividend |
| Dec 30, 2024 | $0.622 | OrdinaryDividend |
| Dec 28, 2023 | $0.341 | OrdinaryDividend |
| Dec 29, 2022 | $0.461 | OrdinaryDividend |
| Dec 30, 2021 | $0.500 | OrdinaryDividend |
| Dec 30, 2020 | $0.602 | OrdinaryDividend |
| Dec 30, 2019 | $0.434 | OrdinaryDividend |
| Dec 28, 2018 | $0.006 | OrdinaryDividend |
| Dec 28, 2017 | $0.334 | OrdinaryDividend |
| Dec 29, 2016 | $0.180 | OrdinaryDividend |
| Dec 30, 2015 | $0.648 | OrdinaryDividend |
| Dec 19, 2014 | $0.368 | OrdinaryDividend |
| Dec 20, 2012 | $0.177 | CapitalGainShortTerm |
| Dec 20, 2012 | $0.356 | CapitalGainLongTerm |
| Dec 28, 2011 | $0.285 | OrdinaryDividend |
| Dec 29, 2010 | $0.003 | CapitalGainShortTerm |
| Dec 29, 2010 | $0.015 | CapitalGainLongTerm |
EGRIX - Fund Manager Analysis
Managers
John Baur
Start Date
Tenure
Tenure Rank
Aug 31, 2010
11.76
11.8%
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.
Kyle Lee
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
Mr. Lee is a Vice President of Eaton Vance.
Patrick Campbell
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
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 |