Eaton Vance Emerging Markets Local Income Fund (EEIAX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Eaton Vance Emerging Markets Local Income Fund (EEIAX) is up 4.3% since the beginning of the year. EEIAX is currently trading at $4 per share. Investors who bought $1,000 worth of EEIAX shares 5 years ago would now be looking at an investment worth $1,223.

Eaton Vance Emerging Markets Local Income Fund (EEIAX) has returned 4.30% so far this year and 16.81% over the past 12 months. Over the last ten years, EEIAX has returned 4.94% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.

Based on dividend-adjusted daily data since Jun 28, 2007, EEIAX's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.

Historically, 60% of months were positive and 40% were negative. The best month was Mar 2016 with a return of +9.5%, while the worst month was Mar 2020 at -14.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, EEIAX closed higher 46% of trading days. The best single day was Oct 28, 2008 with a return of +4.3%, while the worst single day was Oct 22, 2008 at -4.9%.

Eaton Vance Emerging Markets Local Income Fund has an annualized alpha of 2.19%, beta of 0.23, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since June 28, 2007.

• This fund participated in 50.53% of S&P 500 Index downside but only 41.12% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.23 may look defensive, but with R2 of 0.23 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 0.23 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.

EEIAX has a high expense ratio of 1.19%, indicating above-average management fees.

EEIAX ranks 60 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Eaton Vance Emerging Markets Local Income Fund provided a 9.94% dividend yield over the last twelve months, with an annual payout of $0.35 per share.

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.

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 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 31.70%, occurring on Jan 20, 2016. Recovery took 939 trading sessions.

The current Eaton Vance Emerging Markets Local Income Fund drawdown is 1.58%.

The chart below shows the rolling one-month volatility.