Eaton Vance Global Bond Fund (EAIIX)

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Eaton Vance Global Bond Fund (EAIIX) is up 4.5% since the beginning of the year. EAIIX is currently trading at $7 per share. Investors who bought $1,000 worth of EAIIX shares 5 years ago would now be looking at an investment worth $1,078.

Eaton Vance Global Bond Fund (EAIIX) has returned 4.51% so far this year and 9.44% over the past 12 months. Over the last ten years, EAIIX has returned 2.80% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Jun 28, 2007, EAIIX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.

Historically, 62% of months were positive and 38% were negative. The best month was Dec 2008 with a return of +7.6%, while the worst month was Sep 2011 at -5.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, EAIIX closed higher 43% of trading days. The best single day was Mar 1, 2017 with a return of +3.2%, while the worst single day was Apr 1, 2008 at -2.1%.

Eaton Vance Global Bond Fund has an annualized alpha of 2.94%, beta of 0.04, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since June 28, 2007.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (18.06%) than losses (16.32%) - typical of diversified or defensive assets.
• Beta of 0.04 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

EAIIX has a high expense ratio of 1.02%, indicating above-average management fees.

EAIIX ranks 96 for risk / return — above 96% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.

Eaton Vance Global Bond Fund provided a 8.77% dividend yield over the last twelve months, with an annual payout of $0.60 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Eaton Vance Global Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Eaton Vance Global Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Eaton Vance Global Bond Fund was 25.32%, occurring on Oct 20, 2022. Recovery took 808 trading sessions.

The chart below shows the rolling one-month volatility.