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
US2779236940
277923694
Jun 26, 2007
$1,000
Expense Ratio
EEIAX has a high expense ratio of 1.19%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Eaton Vance Emerging Markets Local Income Fund (EEIAX) returned 10.22% year-to-date (YTD) and 7.25% over the past 12 months. Over the past 10 years, EEIAX returned 3.12% annually, underperforming the S&P 500 benchmark at 10.86%.
EEIAX
10.22%
2.73%
8.44%
7.25%
7.82%
2.71%
3.12%
^GSPC (Benchmark)
1.39%
12.89%
1.19%
12.45%
15.19%
14.95%
10.86%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.15% | 0.89% | 1.21% | 3.39% | 1.21% | 10.22% | |||||||
| 2024 | -1.72% | -0.03% | 1.44% | -2.66% | 2.99% | -1.80% | 2.41% | 2.96% | 3.19% | -5.19% | -0.63% | -1.89% | -1.33% |
| 2023 | 4.77% | -3.18% | 4.49% | 1.54% | -1.24% | 3.55% | 2.11% | -2.86% | -4.01% | -0.92% | 5.76% | 3.46% | 13.59% |
| 2022 | -0.84% | -5.17% | -3.33% | -3.74% | 0.85% | -4.52% | -1.40% | 0.14% | -5.08% | 1.12% | 7.93% | 2.18% | -11.93% |
| 2021 | -1.07% | -2.82% | -4.07% | 2.51% | 2.28% | -0.77% | -0.36% | 1.49% | -3.23% | -1.24% | -1.91% | 1.62% | -7.58% |
| 2020 | -0.04% | -1.46% | -14.51% | 5.35% | 6.20% | 1.41% | 1.97% | 0.05% | -1.69% | 0.24% | 5.42% | 3.47% | 4.76% |
| 2019 | 5.96% | -0.63% | -1.02% | 0.07% | 1.20% | 6.11% | 1.73% | -1.27% | 1.94% | 2.98% | -0.56% | 4.45% | 22.65% |
| 2018 | 3.86% | -0.98% | 1.18% | -2.83% | -5.32% | -2.77% | 1.53% | -6.19% | 0.89% | -1.38% | 2.64% | 1.20% | -8.37% |
| 2017 | 2.12% | 2.40% | 2.36% | 1.38% | 1.69% | 0.72% | 1.98% | 1.80% | 0.40% | -2.22% | 1.52% | 0.88% | 16.03% |
| 2016 | -1.68% | 1.65% | 9.48% | 3.30% | -3.90% | 5.52% | 0.30% | 1.55% | 1.66% | -0.37% | -6.92% | 2.15% | 12.41% |
| 2015 | 0.51% | -0.89% | -3.26% | 3.49% | -2.22% | -1.33% | -2.91% | -4.38% | -4.65% | 4.53% | -0.71% | -1.18% | -12.65% |
| 2014 | -4.60% | 3.52% | 3.01% | 1.50% | 2.44% | 1.00% | -0.36% | 0.56% | -4.56% | 1.21% | -1.38% | -5.85% | -3.99% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of EEIAX is 75, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
Eaton Vance Emerging Markets Local Income Fund provided a 10.53% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.35 | $0.40 | $0.47 | $0.50 | $0.53 | $0.74 | $0.56 | $0.56 | $0.65 | $0.69 | $0.69 |
Dividend yield | 10.53% | 11.20% | 11.35% | 13.39% | 11.14% | 9.77% | 13.02% | 10.47% | 8.74% | 10.80% | 11.65% | 9.17% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 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 |
Drawdowns
Drawdowns Chart
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.
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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 31.60%, occurring on Jan 20, 2016. Recovery took 939 trading sessions.
The current Eaton Vance Emerging Markets Local Income Fund drawdown is 0.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.6% | May 9, 2013 | 680 | Jan 20, 2016 | 939 | Oct 11, 2019 | 1619 |
| -28.31% | Jan 7, 2021 | 453 | Oct 24, 2022 | 633 | May 5, 2025 | 1086 |
| -27.92% | 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 chart below shows the rolling one-month volatility.
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