Eaton Vance Emerging Markets Local Income Fund (EEIAX)
The investment seeks total return. The fund seeks its investment objective by investing in securities, derivatives and other instruments to establish investment exposures to emerging markets. It 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"). The fund is non-diversified.
Fund Info
| ISIN | US2779236940 |
|---|---|
| CUSIP | 277923694 |
| Issuer | Eaton Vance |
| Inception Date | Jun 26, 2007 |
| Category | Emerging Markets Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
EEIAX has a high expense ratio of 1.19%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Eaton Vance Emerging Markets Local Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Eaton Vance Emerging Markets Local Income Fund had a return of 1.15% year-to-date (YTD) and 6.81% in the last 12 months. Over the past 10 years, Eaton Vance Emerging Markets Local Income Fund had an annualized return of 1.30%, while the S&P 500 had an annualized return of 10.90%, indicating that Eaton Vance Emerging Markets Local Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.15% | 11.05% |
| 1 month | 4.83% | 4.86% |
| 6 months | 5.54% | 17.50% |
| 1 year | 6.81% | 27.37% |
| 5 years (annualized) | 2.98% | 13.14% |
| 10 years (annualized) | 1.30% | 10.90% |
Monthly Returns
The table below presents the monthly returns of EEIAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.72% | -0.02% | 1.45% | -2.65% | 1.15% | ||||||||
| 2023 | 4.75% | -3.17% | 4.49% | 1.55% | -1.23% | 3.56% | 2.09% | -2.87% | -4.00% | -0.91% | 5.77% | 3.46% | 13.65% |
| 2022 | -0.84% | -5.18% | -3.33% | -3.74% | 0.85% | -4.54% | -1.41% | 0.15% | -5.09% | 1.11% | 7.94% | 2.20% | -11.95% |
| 2021 | -1.08% | -2.82% | -4.08% | 2.51% | 2.27% | -0.77% | -0.37% | 1.48% | -3.24% | -1.25% | -1.91% | 1.61% | -7.65% |
| 2020 | -0.03% | -1.46% | -14.52% | 5.34% | 6.20% | 1.39% | 1.97% | 0.04% | -1.70% | 0.23% | 5.41% | 3.46% | 4.68% |
| 2019 | 5.95% | -0.63% | -1.02% | 0.07% | 1.19% | 6.12% | 1.74% | -1.26% | 1.94% | 2.99% | -0.55% | 4.44% | 22.65% |
| 2018 | 3.87% | -0.97% | 1.19% | -2.83% | -5.32% | -2.78% | 1.52% | -6.20% | 0.88% | -1.39% | 2.64% | 1.20% | -8.39% |
| 2017 | 2.12% | 2.41% | 2.37% | 1.38% | 1.69% | 0.73% | 1.99% | 1.80% | 0.41% | -2.21% | 1.53% | 0.89% | 16.11% |
| 2016 | -1.70% | 1.65% | 9.47% | 3.30% | -3.91% | 5.51% | 0.30% | 1.54% | 1.66% | -0.36% | -6.93% | 2.14% | 12.35% |
| 2015 | 0.50% | -0.89% | -3.27% | 3.48% | -2.22% | -1.33% | -2.92% | -4.39% | -4.65% | 4.52% | -0.71% | -1.18% | -12.70% |
| 2014 | -4.60% | 3.51% | 3.01% | 1.50% | 2.44% | 1.00% | -0.37% | 0.56% | -4.57% | 1.20% | -1.39% | -5.85% | -4.04% |
| 2013 | 0.98% | -0.46% | -0.41% | 3.37% | -6.04% | -4.91% | -0.46% | -5.13% | 4.21% | 2.71% | -3.50% | -0.13% | -9.95% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of EEIAX is 20, indicating that it is in the bottom 20% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
EEIAX (Eaton Vance Emerging Markets Local Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance Emerging Markets Local Income Fund (EEIAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Eaton Vance Emerging Markets Local Income Fund granted a 10.91% dividend yield in the last twelve months. The annual payout for that period amounted to $0.38 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.40 | $0.47 | $0.50 | $0.53 | $0.74 | $0.56 | $0.56 | $0.65 | $0.69 | $0.69 | $0.69 |
Dividend yield | 10.91% | 11.35% | 13.39% | 11.14% | 9.77% | 13.02% | 10.47% | 8.74% | 10.80% | 11.65% | 9.17% | 8.11% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Emerging Markets Local Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.53 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.23 | $0.74 |
| 2018 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.56 |
| 2017 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.56 |
| 2016 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.65 |
| 2015 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.69 |
| 2014 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.69 |
| 2013 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.69 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance Emerging Markets Local Income 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 Emerging Markets Local Income Fund was 31.69%, occurring on Jan 20, 2016. Recovery took 944 trading sessions.
The current Eaton Vance Emerging Markets Local Income Fund drawdown is 7.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.69% | May 9, 2013 | 680 | Jan 20, 2016 | 944 | Oct 18, 2019 | 1624 |
| -28.4% | Jan 7, 2021 | 453 | Oct 24, 2022 | — | — | — |
| -27.93% | Aug 5, 2008 | 59 | Oct 27, 2008 | 223 | Sep 16, 2009 | 282 |
| -21.24% | Jan 27, 2020 | 40 | Mar 23, 2020 | 169 | Nov 19, 2020 | 209 |
| -12.95% | Aug 2, 2011 | 82 | Nov 25, 2011 | 201 | Sep 14, 2012 | 283 |
Volatility
Volatility Chart
The current Eaton Vance Emerging Markets Local Income Fund volatility is 2.20%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.