Eaton Vance Global Macro Absolute Return Fund (EIGMX)
The fund seeks its investment objective by investing in securities, derivatives and other instruments to establish long and short investment exposures around the world. Total return is defined as income plus capital appreciation. It normally invests in multiple countries and frequently has significant exposure to foreign currencies and investments. The fund's long and short investments are primarily sovereign exposures, including currencies, interest rates and debt instruments issued or guaranteed by sovereign entities. It is non-diversified.
Fund Info
US2779237286
277923728
Jun 26, 2007
$1,000,000
Expense Ratio
EIGMX has an expense ratio of 0.76%, placing it in the medium range.
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 Global Macro Absolute Return Fund (EIGMX) returned 4.20% year-to-date (YTD) and 8.14% over the past 12 months. Over the past 10 years, EIGMX returned 3.99% annually, underperforming the S&P 500 benchmark at 10.87%.
EIGMX
4.20%
1.41%
5.72%
8.14%
5.47%
3.99%
^GSPC (Benchmark)
1.30%
12.79%
1.49%
12.35%
15.37%
10.87%
Monthly Returns
The table below presents the monthly returns of EIGMX, 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 | 1.55% | 0.83% | 0.47% | 0.23% | 1.06% | 4.20% | |||||||
| 2024 | 0.85% | 1.09% | 1.69% | 0.00% | 1.32% | -0.12% | 0.83% | 0.12% | 0.84% | -0.24% | 0.72% | 1.34% | 8.75% |
| 2023 | 1.60% | 0.49% | -0.12% | 0.24% | 1.10% | 1.58% | 0.36% | 0.12% | -0.61% | 0.12% | 0.61% | 1.35% | 7.05% |
| 2022 | -0.27% | -1.32% | -1.94% | 1.42% | -1.00% | -1.45% | -1.72% | 2.06% | -0.88% | 0.76% | 2.41% | 1.62% | -0.43% |
| 2021 | 0.42% | 0.08% | -0.49% | 0.54% | 0.66% | 0.54% | -0.15% | 0.54% | -0.04% | -0.26% | -0.50% | 0.86% | 2.22% |
| 2020 | 0.71% | -0.42% | -6.68% | 2.61% | 2.72% | 1.13% | 0.08% | 1.24% | -0.15% | 0.20% | 1.47% | 0.96% | 3.61% |
| 2019 | 1.29% | 0.70% | -0.00% | 0.23% | 0.58% | 1.49% | 1.48% | -0.48% | 1.01% | 0.15% | 1.30% | 1.61% | 9.76% |
| 2018 | 0.72% | -0.26% | -0.04% | -0.59% | -0.60% | -0.61% | 0.18% | -1.07% | -0.16% | -0.62% | -0.40% | 0.12% | -3.29% |
| 2017 | 0.29% | 0.07% | 1.18% | 0.50% | 0.29% | 0.29% | -0.15% | 0.62% | 0.07% | 0.62% | 0.39% | 0.07% | 4.29% |
| 2016 | -0.96% | 0.12% | 1.04% | 0.36% | 0.70% | 0.25% | 0.48% | 1.37% | 0.29% | 0.28% | -0.70% | 0.73% | 4.01% |
| 2015 | 1.21% | 0.75% | -0.07% | 0.34% | 0.35% | -0.62% | 0.36% | -0.83% | -1.28% | 1.47% | 0.68% | 0.29% | 2.63% |
| 2014 | -0.50% | -0.21% | 0.79% | 0.13% | 0.68% | 0.02% | 1.00% | -0.18% | 0.88% | 0.25% | 0.56% | -0.39% | 3.03% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, EIGMX is among the top 1% of mutual funds on our website when it comes to balancing risk and reward. Below is 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 Global Macro Absolute Return Fund (EIGMX) 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 Global Macro Absolute Return Fund provided a 6.08% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.52 | $0.48 | $0.39 | $0.36 | $0.39 | $0.48 | $0.32 | $0.31 | $0.36 | $0.50 | $0.39 |
Dividend yield | 6.08% | 6.21% | 5.84% | 4.80% | 4.21% | 4.40% | 5.44% | 3.72% | 3.42% | 4.03% | 5.55% | 4.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Global Macro Absolute Return 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.16 | |||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.52 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.39 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.36 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.39 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.11 | $0.48 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.15 | $0.50 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
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 Global Macro Absolute Return 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 Global Macro Absolute Return Fund was 9.42%, occurring on Mar 25, 2020. Recovery took 114 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.42% | Feb 18, 2020 | 27 | Mar 25, 2020 | 114 | Sep 4, 2020 | 141 |
| -7.38% | Feb 11, 2022 | 106 | Jul 15, 2022 | 132 | Jan 24, 2023 | 238 |
| -4.58% | Jan 29, 2018 | 213 | Nov 29, 2018 | 144 | Jun 28, 2019 | 357 |
| -4.02% | Aug 6, 2008 | 47 | Oct 10, 2008 | 125 | Apr 13, 2009 | 172 |
| -3.42% | May 16, 2013 | 97 | Oct 2, 2013 | 235 | Sep 9, 2014 | 332 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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