Eaton Vance Multi-Asset Credit Fund (EIAMX)

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Eaton Vance Multi-Asset Credit Fund (EIAMX) is up 1.5% since the beginning of the year. EIAMX is currently trading at $10 per share. Investors who bought $1,000 worth of EIAMX shares 5 years ago would now be looking at an investment worth $1,224.

Eaton Vance Multi-Asset Credit Fund (EIAMX) has returned 1.46% so far this year and 5.44% over the past 12 months. Over the last ten years, EIAMX has returned 4.87% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Nov 1, 2011, EIAMX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.

Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +4.1%, while the worst month was Mar 2020 at -12.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, EIAMX closed higher 39% of trading days. The best single day was Aug 24, 2017 with a return of +58.9%, while the worst single day was Aug 25, 2017 at -37.0%.

Eaton Vance Multi-Asset Credit Fund has an annualized alpha of 4.09%, beta of 0.13, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 01, 2011.

• This fund participated in 27.72% of S&P 500 Index downside but only 25.17% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.13 may look defensive, but with R2 of 0.01 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 0.01 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.

EIAMX has an expense ratio of 0.71%, placing it in the medium range.

EIAMX ranks 87 for risk / return — in the top 87% 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.

Eaton Vance Multi-Asset Credit Fund provided a 6.88% dividend yield over the last twelve months, with an annual payout of $0.67 per share.

The table displays the monthly dividend distributions for Eaton Vance Multi-Asset Credit 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 Multi-Asset Credit 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 Multi-Asset Credit Fund was 43.35%, occurring on Mar 23, 2020. The portfolio has not yet recovered.

The current Eaton Vance Multi-Asset Credit Fund drawdown is 8.87%.

The chart below shows the rolling one-month volatility.