Continue to site >
Trending ETFs

Eaton Vance Emerging Markets Local Income Fund

mutual fund
EEIIX
Payout Change
Pending
Price as of:
$3.31 -0.01 -0.3%
primary theme
Emerging Markets Bond
EEIIX (Mutual Fund)

Eaton Vance Emerging Markets Local Income Fund

Payout Change
Pending
Price as of:
$3.31 -0.01 -0.3%
primary theme
Emerging Markets Bond
EEIIX (Mutual Fund)

Eaton Vance Emerging Markets Local Income Fund

Payout Change
Pending
Price as of:
$3.31 -0.01 -0.3%
primary theme
Emerging Markets Bond

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$3.31

$1.07 B

10.88%

$0.36

0.85%

Vitals

YTD Return

-2.0%

1 yr return

1.4%

3 Yr Avg Return

-1.7%

5 Yr Avg Return

1.6%

Net Assets

$1.07 B

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$3.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.85%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 56.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$3.31

$1.07 B

10.88%

$0.36

0.85%

EEIIX - Profile

Distributions

  • YTD Total Return -2.0%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.86%
DIVIDENDS
  • Dividend Yield 10.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Eaton Vance Emerging Markets Local Income Fund
  • Fund Family Name
    EatonVance
  • Inception Date
    Dec 02, 2009
  • Shares Outstanding
    230346497
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Baur

Fund Description

The Fund seeks its investment objective by investing in securities, derivatives and other instruments to establish investment exposures to emerging markets. Total return is defined as income plus capital appreciation. The Fund 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”). Emerging market countries are defined to include any country that did not become a member of the Organization for Economic Cooperation and Development (O.E.C.D.) prior to 1975 and Turkey. Emerging market countries include so-called frontier market countries, which generally are considered by the portfolio managers to be less developed countries that (i) are not included in the J.P. Morgan Government Bond Index: Emerging Markets (JPM GBI-EM) Global Diversified (Unhedged) (the “Index”); or (ii) represent 2% or less of the Index. The Fund may have significant investment in a geographic region or country. The Fund has exposure to sovereign nations (including currencies, interest rates and debt instruments issued or guaranteed by sovereign entities) and duration. The Fund may invest in instruments of any credit rating, including those rated below investment grade (rated below BBB by either S&P Global Ratings or Fitch Ratings, or below Baa by Moody’s Investors Service, Inc.) or in unrated instruments considered to be of comparable quality by the investment adviser (often referred to as “junk” instruments). The Fund seeks to outperform the Index, however there can be no assurance that it will do so. The Fund is “non-diversified,” which means it may invest a greater percentage of its assets in the securities of a single issuer than a “diversified” fund.

The Fund’s investments may include foreign and domestic securities and other instruments, including sovereign debt (including U.S. Treasuries), mortgage-backed securities (“MBS”) and asset-backed securities, stripped securities, loans, bank instruments, municipal securities, corporate debt, other fixed-income securities and commodities-related investments.  The Fund may invest up to 5% of net assets in equity securities.

The Fund invests in a wide variety of derivative instruments.  The Fund expects to achieve certain exposures through purchasing and selling derivative instruments, including (but not limited to) forward foreign currency exchange contracts; futures on securities, indices, currencies, swaps and other investments; options; and interest rate swaps, cross-currency swaps, total return swaps and credit default swaps, which may create economic leverage in the Fund.  The Fund may engage in derivative transactions to seek to enhance total return; to hedge against fluctuations in securities prices, interest rates or currency exchange rates; to change the effective duration of its portfolio; to manage certain investment risks; and/or as a substitute for the purchase or sale of securities or currencies.  The Fund may use derivatives to implement various systematic investment processes, including taking long and short interest rate positions across various emerging markets to seek to enhance total return.  The Fund’s use of derivatives may be extensive and, except as required by applicable regulation, there is no stated limit on their use.  

The Fund may engage in repurchase agreements, reverse repurchase agreements, forward commitments and short sales. The Fund may enter into forward commitments to purchase generic U.S. Government agency MBS, with the total amount of such outstanding commitments not to exceed 10% of the Fund’s total net assets. Such forward commitments may be entered into for purposes of investment leverage. The Fund may enter into forward commitments to sell generic U.S. Government agency MBS, with the total amount of such outstanding commitments not to exceed 50% of the Fund’s MBS holdings.

In managing the Fund, the investment adviser adjusts investments in an effort to take advantage of differences in countries, currencies, interest rates and credits based on its global macroeconomic and political analysis.  The investment adviser seeks to identify countries and currencies it believes have potential to outperform investments in other countries and currencies, and to anticipate changes in global economies, markets, political conditions and other factors for this purpose.  The investment adviser considers the relative risk/return characteristics of prospective investments (whether securities, currencies, derivatives or other instruments) in determining the most efficient means for achieving desired exposures.  When deemed by the investment adviser to be relevant to its evaluation of creditworthiness and when applicable information is available, the investment adviser considers environmental, social and/or governance issues (referred to as ESG) which may impact the prospects of an issuer (or obligor) or financial performance of an obligation.  When considered, one or more ESG issues are taken into account alongside other factors in the investment decision-making process and are not the sole determinant of whether an investment can be made or will remain in the Fund’s portfolio.  These considerations may be taken into account alongside other fundamental research in the investment selection process.

The Fund invests substantially all of its assets in the Portfolio, a separate registered investment company with the same investment objective and policies as the Fund.  References to the Fund’s investments include investments held indirectly through the Portfolio in which the Fund invests.

Read More

EEIIX - Performance

Return Ranking - Trailing

Period EEIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.0% -5.9% 9.1% 78.86%
1 Yr 1.4% -6.3% 21.2% 81.54%
3 Yr -1.7%* -14.5% 4.0% 41.11%
5 Yr 1.6%* -9.2% 6.2% 17.28%
10 Yr 1.3%* -6.2% 4.9% 43.35%

* Annualized

Return Ranking - Calendar

Period EEIIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.4% -10.6% 17.8% 92.69%
2022 -22.3% -29.1% -2.4% 81.44%
2021 -16.9% -24.0% 2.7% 98.59%
2020 -5.4% -14.0% 9.7% 96.36%
2019 7.5% -6.4% 13.0% 64.21%

Total Return Ranking - Trailing

Period EEIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.0% -5.9% 9.1% 78.86%
1 Yr 1.4% -6.3% 21.2% 81.54%
3 Yr -1.7%* -14.5% 4.0% 41.11%
5 Yr 1.6%* -9.2% 6.2% 17.28%
10 Yr 1.3%* -6.2% 4.9% 43.35%

* Annualized

Total Return Ranking - Calendar

Period EEIIX Return Category Return Low Category Return High Rank in Category (%)
2023 13.9% -0.6% 20.0% 16.61%
2022 -11.5% -27.6% -1.7% 32.99%
2021 -7.6% -18.5% 7.4% 80.28%
2020 5.0% -7.8% 18.0% 55.27%
2019 23.0% -3.0% 23.0% 0.37%

NAV & Total Return History


EEIIX - Holdings

Concentration Analysis

EEIIX Category Low Category High EEIIX % Rank
Net Assets 1.07 B 565 K 14.8 B 25.58%
Number of Holdings 4 4 1779 99.67%
Net Assets in Top 10 1.25 B -134 M 1.25 B 0.66%
Weighting of Top 10 N/A 5.1% 102.0% 0.54%

Top 10 Holdings

  1. Emerging Markets Local Income Portfolio 100.54%
  2. Emerging Markets Local Income Portfolio 100.54%
  3. Emerging Markets Local Income Portfolio 100.54%
  4. Emerging Markets Local Income Portfolio 100.54%
  5. Emerging Markets Local Income Portfolio 100.54%
  6. Emerging Markets Local Income Portfolio 100.54%
  7. Emerging Markets Local Income Portfolio 100.54%
  8. Emerging Markets Local Income Portfolio 100.54%
  9. Emerging Markets Local Income Portfolio 100.54%
  10. Emerging Markets Local Income Portfolio 100.54%

Asset Allocation

Weighting Return Low Return High EEIIX % Rank
Bonds
76.52% 0.00% 105.14% 97.67%
Cash
21.93% 0.00% 23.05% 1.00%
Other
1.55% -10.19% 87.32% 12.96%
Preferred Stocks
0.00% 0.00% 3.04% 84.05%
Convertible Bonds
0.00% 0.00% 8.47% 93.62%
Stocks
-0.01% -0.01% 95.82% 99.67%

EEIIX - Expenses

Operational Fees

EEIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.02% 32.92% 76.67%
Management Fee 0.65% 0.00% 1.10% 40.20%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

EEIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

EEIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EEIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.00% 0.00% 218.00% 57.09%

EEIIX - Distributions

Dividend Yield Analysis

EEIIX Category Low Category High EEIIX % Rank
Dividend Yield 10.88% 0.00% 22.22% 5.65%

Dividend Distribution Analysis

EEIIX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

EEIIX Category Low Category High EEIIX % Rank
Net Income Ratio 4.86% -2.28% 8.00% 16.33%

Capital Gain Distribution Analysis

EEIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

EEIIX - Fund Manager Analysis

Managers

John Baur


Start Date

Tenure

Tenure Rank

Jan 28, 2008

14.35

14.4%

John is a vice president since 2007 and a portfolio manager since 2008 at Eaton Vance. He covers Latin America and joined Eaton Vance in 2004. He has previously been employed at Applied Materials, Inc. in California, Taiwan and Singapore. John earned his M.B.A with honors from the Johnson Graduate School of Management at Cornell University, and his B.S. in Mechanical Engineering from MIT.

Brian Shaw


Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 23.87 6.39 6.11