Eaton Vance Multi-Asset Credit Fund (EIAMX)
Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in credit-related investments. The adviser expects to invest at least 60% of the fund's net assets in corporate credit instruments (high yield bonds and floating-rate loans) rated below investment grade (i.e., rated lower than BBB by S&P Global Ratings or by Fitch Ratings or lower than Baa by Moody's or unrated and of comparable quality as determined by the investment adviser as well as derivatives that provide exposure to such investments.
Fund Info
| ISIN | US27826A3005 |
|---|---|
| CUSIP | 27826A300 |
| Issuer | Eaton Vance |
| Inception Date | Oct 31, 2011 |
| Category | High Yield Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
EIAMX has a high expense ratio of 0.71%, 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 Multi-Asset Credit 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 Multi-Asset Credit Fund had a return of 2.20% year-to-date (YTD) and 10.61% in the last 12 months. Over the past 10 years, Eaton Vance Multi-Asset Credit Fund had an annualized return of 4.20%, while the S&P 500 had an annualized return of 10.64%, indicating that Eaton Vance Multi-Asset Credit Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.20% | 7.50% |
| 1 month | 0.41% | -1.61% |
| 6 months | 6.49% | 17.65% |
| 1 year | 10.61% | 26.26% |
| 5 years (annualized) | 3.73% | 11.73% |
| 10 years (annualized) | 4.20% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.53% | 0.41% | 1.04% | -0.10% | ||||||||
| 2023 | -0.50% | 2.64% | 2.48% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of EIAMX is 97, placing it in the top 3% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Eaton Vance Multi-Asset Credit Fund(EIAMX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance Multi-Asset Credit Fund (EIAMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Eaton Vance Multi-Asset Credit Fund granted a 7.61% dividend yield in the last twelve months. The annual payout for that period amounted to $0.75 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.75 | $0.72 | $0.52 | $0.44 | $0.48 | $0.54 | $0.25 | $0.31 | $0.31 | $0.36 | $0.33 | $0.32 |
Dividend yield | 7.61% | 7.32% | 5.46% | 4.10% | 4.46% | 4.93% | 2.42% | 2.88% | 3.15% | 3.77% | 3.28% | 3.16% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.06 | $0.06 | $0.06 | $0.06 | ||||||||
| 2023 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.09 |
| 2022 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2021 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 |
| 2020 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2019 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.03 | $0.04 | $0.04 | $0.06 |
| 2018 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.04 | $0.05 |
| 2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.20 |
| 2016 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.12 |
| 2015 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.16 |
| 2014 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.13 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 |
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 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 20.82%, occurring on Mar 23, 2020. Recovery took 177 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.82% | Feb 24, 2020 | 21 | Mar 23, 2020 | 177 | Dec 2, 2020 | 198 |
| -10.02% | Jan 5, 2022 | 185 | Sep 29, 2022 | 231 | Aug 31, 2023 | 416 |
| -8.76% | Apr 29, 2015 | 184 | Jan 20, 2016 | 112 | Jun 29, 2016 | 296 |
| -5.54% | Jan 29, 2018 | 231 | Dec 27, 2018 | 72 | Apr 11, 2019 | 303 |
| -3.18% | Sep 8, 2016 | 60 | Dec 1, 2016 | 29 | Jan 13, 2017 | 89 |
Volatility
Volatility Chart
The current Eaton Vance Multi-Asset Credit Fund volatility is 0.74%, 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.