Fund Evaluator:
Parametric Emerging Markets A (EAEMX)
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Best Performing in Diversified Emerging Mkts Over the Last Year
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Fund Details
Parametric Emerging Markets A Overview
Parametric Emerging Markets A (EAEMX) is an actively managed International Equity Diversified Emerging Mkts fund. Eaton Vance launched the fund in 2006.
The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies located in emerging market countries. The advisor intends to invest primarily in securities issued by companies located in countries included in the MSCI Emerging Markets Index or the MSCI Frontier Markets Index. It may invest in securities issued by companies with a broad range of market capitalizations. More than 25% of its total assets may be denominated in any single currency.
About Parametric Emerging Markets A (EAEMX)
There are 3 members of the management team with an average tenure of 3.80 years: Jennifer Sireklove (2019), Gregory Liebl (2024), Jennifer Mihara (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EM NR USD index with a weighting of 100%. Parametric Emerging Markets A has 1236 securities in its portfolio. The top 10 holdings constitute 12.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Parametric Emerging Markets A is part of the Equity global asset class and is within the International Equity fund group. Parametric Emerging Markets A has 98.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.6%. There is 98.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Parametric Emerging Markets A has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $22 million in total assets, which is below the $967 million average for the Diversified Emerging Mkts 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.
EAEMX 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 Parametric Emerging Markets A expense ratio is high compared to funds in the Diversified Emerging Mkts category. Parametric Emerging Markets A has an expense ratio of 1.44%, which is 25% 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. Parametric Emerging Markets A has a portfolio turnover rate of 2%, indicating that holds its assets around 0.5 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, Parametric Emerging Markets A returned -0.2%, which earned it a grade of A, as the Diversified Emerging Mkts category had an average return of -4.9%. 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.
Parametric Emerging Markets A has a trailing yield of 2.59%, which is above the 1.72% category average. The fund normally distributes its income annually and its capital gains annually.
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.
Parametric Emerging Markets A Grades
Year to date, the fund has returned 9.3%, 9.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 20.9% over the past year (grade of F), 12.9% over the past three years (grade of F) and 7.1% per year over the past five years (grade of C) and 6.3% per year over the past 10 years (grade of F).
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EAEMX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EAEMX Return (NAV) | -0.2% | -0.1% | 20.9% | 12.9% | 7.1% | 6.3% |
| EAEMX Grade | A | F | F | F | C | F |
| +/- Category | 4.7% | -2.5% | -15.0% | -5.0% | 0.6% | -2.4% |
| Diversified Emerging Mkts Avg | -4.9% | 2.4% | 35.9% | 17.9% | 6.5% | 8.7% |
| EAEMX Tax Cost Ratio | na | na | 1.1% | 1.0% | 1.0% | 0.8% |
EAEMX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EAEMX Return (NAV) | 9.3% | 27.2% | 5.4% | 9.4% | -11.3% | 4.2% | 2.6% | 12.3% | -14.0% | 27.0% | 12.0% |
| EAEMX Grade | F | D | D | D | A | B | F | F | A | F | B |
| +/- Category | -9.7% | -4.3% | -0.8% | -2.7% | 11.3% | 4.4% | -18.9% | -9.5% | 2.4% | -9.6% | 3.4% |
| Diversified Emerging Mkts Avg | 19.1% | 31.4% | 6.2% | 12.1% | -22.6% | -0.2% | 21.6% | 21.9% | -16.4% | 36.6% | 8.6% |
| Risk Measures | |
| Standard Deviation: | 11.2% |
| Total Risk Index: | 0.91 - Average |
| Category Risk Index: | 0.67 - Low |
| Category Risk Grade: | A (1% Rank) |
| Beta: | 0.75 |
| R-Squared: | 87% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.6% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $211 Mil |
| Fund Total Assets: | $ 23 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 2% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 7.3 years | |||
| Average Tenure: 3.8 years | |||
| Managers (Year): Sireklove Jennifer (2019), Liebl Gregory (2024), Mihara Jennifer (2024) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 1236 |
| % in Top 10 Holdings: | 12.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.0% |
Portfolio Allocation |
|
| Domestic Stock: | 1.6% |
| Foreign Stock: | 98.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Fund Family: | Eaton Vance |
| Phone Number: | 800-260-0761 |
| Website: | www.eatonvance.com |
| Status: | Open |
| Inception Date: | June 30, 2006 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.44% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.16% |
| Share Class: | Parametric Emerging Markets I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
