Fund Evaluator:

Eaton Vance Glbl Macro Abs Ret Advtg R Overview

Eaton Vance Glbl Macro Abs Ret Advtg R (EGRRX) is an actively managed Taxable Bond Nontraditional Bond fund. Eaton Vance launched the fund in 2010.

The investment seeks total return. 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. The fund is non-diversified.

About Eaton Vance Glbl Macro Abs Ret Advtg R (EGRRX)

There are 6 members of the management team with an average tenure of 3.72 years: Sahil Tandon (2024), Kyle Lee (2021), Brian Shaw (2024), Patrick Campbell (2021), Federico Sequeda (2021), Hussein Khattab (2022). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg Global Aggregate TR Hdg USD index with a weighting of 100% and ICE BofA US 3M Trsy Bill TR USD index with a weighting of 100%. Eaton Vance Glbl Macro Abs Ret Advtg R has 636 securities in its portfolio. The top 10 holdings constitute 25.5% 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 Glbl Macro Abs Ret Advtg R is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Eaton Vance Glbl Macro Abs Ret Advtg R has 58.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.0%. There is 10.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 51.4% (3.4% domestic bond, 48.0% foreign bond and 0.8% convertible bond). Eaton Vance Glbl Macro Abs Ret Advtg R has 36.2% of the portfolio in cash.

Assets Under Management

The fund has $1 million in total assets, which is below the $663 million average for the Nontraditional 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.

EGRRX 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 Glbl Macro Abs Ret Advtg R expense ratio is high compared to funds in the Nontraditional Bond category. Eaton Vance Glbl Macro Abs Ret Advtg R has an expense ratio of 2.72%, which is 91% higher than its category average, making the fund expense ratio grade a F. 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 Glbl Macro Abs Ret Advtg R has a portfolio turnover rate of 135%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 308% for the Nontraditional Bond category.

Recently, in the month of June 2026, Eaton Vance Glbl Macro Abs Ret Advtg R returned 1.5%, which earned it a grade of A, as the Nontraditional Bond category had an average return of 0.2%. 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 Glbl Macro Abs Ret Advtg R has a trailing yield of 6.36%, which is above the 4.89% 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.

Eaton Vance Glbl Macro Abs Ret Advtg R Grades

Year to date, the fund has returned 7.7%, 6.3 percentage points better than the category, which translates into a grade of A. The fund has returned 18.7% over the past year (grade of A), 12.5% over the past three years (grade of A) and 8.3% per year over the past five years (grade of A) and 6.0% per year over the past 10 years (grade of A).

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