Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX)

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The chart shows the growth of an initial investment of $10,000 in Eaton Vance Emerging Markets Local Income Fund Class I, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX) has returned -1.77% so far this year and 17.39% over the past 12 months. Over the last ten years, EEIIX has returned 4.97% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 27, 2009, EEIIX's average daily return is +0.01%, while the average monthly return is +0.34%. At this rate, your investment would double in approximately 17.0 years.

Historically, 58% of months were positive and 42% 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, EEIIX closed higher 45% of trading days. The best single day was Jun 29, 2012 with a return of +3.0%, while the worst single day was Mar 12, 2020 at -4.4%.

Eaton Vance Emerging Markets Local Income Fund Class I has an annualized alpha of 0.81%, beta of 0.24, and R² of 0.22 versus S&P 500 Index. Calculated based on daily prices since November 30, 2009.

• This fund participated in 56.52% of S&P 500 Index downside but only 38.02% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.24 may look defensive, but with R² of 0.22 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 0.22 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.

EEIIX has a high expense ratio of 1.01%, indicating above-average management fees.

EEIIX ranks 94 for risk / return — in the top 94% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Eaton Vance Emerging Markets Local Income Fund Class I (EEIIX) and compare them to a chosen benchmark (S&P 500 Index).

Eaton Vance Emerging Markets Local Income Fund Class I provided a 10.84% dividend yield over the last twelve months, with an annual payout of $0.37 per share.

The table displays the monthly dividend distributions for Eaton Vance Emerging Markets Local Income Fund Class I. 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 Class I. 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 Class I was 31.11%, occurring on Jan 20, 2016. Recovery took 513 trading sessions.

The current Eaton Vance Emerging Markets Local Income Fund Class I drawdown is 7.20%.

The chart below shows the rolling one-month volatility.