Fund Evaluator:

Eaton Vance Emerging Markets Dbt Opps A Overview

Eaton Vance Emerging Markets Dbt Opps A (EADOX) is an actively managed Taxable Bond Emerging Markets Bond fund. Eaton Vance launched the fund in 2015.

The investment seeks total return. Under normal conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in (i) income instruments issued by emerging market entities or sovereign nations, and/or (ii) derivative instruments denominated in or based on the currencies, interest rates or issues of emerging market countries. Its short investment exposures to emerging markets will not exceed 20% of net assets and its short exposures to the euro will not exceed 30% of net assets (after netting corresponding long positions). The fund is non-diversified.

About Eaton Vance Emerging Markets Dbt Opps A (EADOX)

There are 7 members of the management team with an average tenure of 2.47 years: Sahil Tandon (2024), Kyle Lee (2024), Brian Shaw (2021), Akbar Causer (2021), Patrick Campbell (2024), Federico Sequeda (2024), Hussein Khattab (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: JPM EMBI Global Diversified TR USD index with a weighting of 100% and JPM EMB Hard Cur/local Cur 50-50 TR USD index with a weighting of 100%. Eaton Vance Emerging Markets Dbt Opps A has 432 securities in its portfolio. The top 10 holdings constitute 30.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Eaton Vance Emerging Markets Dbt Opps A is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Eaton Vance Emerging Markets Dbt Opps A has 63.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 65.1% (1.3% domestic bond, 63.8% foreign bond and 0.2% convertible bond). Eaton Vance Emerging Markets Dbt Opps A has 34.7% of the portfolio in cash.

Assets Under Management

The fund has $224 million in total assets, which is below the $325 million average for the Emerging Markets Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

EADOX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Eaton Vance Emerging Markets Dbt Opps A expense ratio is high compared to funds in the Emerging Markets Bond category. Eaton Vance Emerging Markets Dbt Opps A has an expense ratio of 1.06%, which is 5% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Eaton Vance Emerging Markets Dbt Opps A has a portfolio turnover rate of 173%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 82% for the Emerging Markets Bond category.

Recently, in the month of June 2026, Eaton Vance Emerging Markets Dbt Opps A returned 1.5%, which earned it a grade of A, as the Emerging Markets Bond category had an average return of 0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Eaton Vance Emerging Markets Dbt Opps A has a trailing yield of 9.64%, which is above the 5.95% category average. The fund normally distributes its income monthly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Eaton Vance Emerging Markets Dbt Opps A Grades

Year to date, the fund has returned 7.8%, 4.4 percentage points better than the category, which translates into a grade of A. The fund has returned 18.1% over the past year (grade of A), 14.7% over the past three years (grade of A) and 8.4% per year over the past five years (grade of A) and 7.7% per year over the past 10 years (grade of A).

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