Fund Evaluator:
Eaton Vance Diversified Currency Inc I (EIIMX)
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Best Performing in Global Bond Over the Last Year
| 6.8% | Invesco International Bond Y (OIBYX) |
| 5.5% | Destinations Global Fixed Income Opps Z (DGFZX) |
| 3.7% | Invesco Global Strategic Income Y (OSIYX) |
| 2.7% | Amana Participation Investor (AMAPX) |
| 2.6% | DoubleLine Global Bond N (DLGBX) |
Fund Details
Eaton Vance Diversified Currency Inc I Overview
Eaton Vance Diversified Currency Inc I (EIIMX) is an actively managed Taxable Bond Global Bond fund. Eaton Vance launched the fund in 2011.
The investment seeks total return. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in (i) securities denominated in foreign currencies; (ii) fixed income instruments issued by foreign entities or sovereign nations; and/or (iii) derivative instruments, denominated in or based on the currencies, interest rates, or issues of foreign entities or sovereign nations.
About Eaton Vance Diversified Currency Inc I (EIIMX)
There are 6 members of the management team with an average tenure of 3.56 years: Sahil Tandon (2024), Kyle Lee (2019), Brian Shaw (2021), Patrick Campbell (2021), Federico Sequeda (2024), Hussein Khattab (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 3 primary benchmarks: FTSE WGBI USD index with a weighting of 100%, JPM GBI-EM Global Diversified TR USD index with a weighting of 20% and FTSE WGBI USD index with a weighting of 80%. Eaton Vance Diversified Currency Inc I has 4 securities in its portfolio. The top 10 holdings constitute 99.9% 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.
Eaton Vance Diversified Currency Inc I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Eaton Vance Diversified Currency Inc I has 24.9% 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 24.9% (0.0% domestic bond, 24.9% foreign bond and 0.8% convertible bond). Eaton Vance Diversified Currency Inc I has 73.4% of the portfolio in cash.
Assets Under Management
The fund has $104 million in total assets, which is below the $422 million average for the Global 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.
EIIMX 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 Diversified Currency Inc I expense ratio is high compared to funds in the Global Bond category. Eaton Vance Diversified Currency Inc I has an expense ratio of 0.85%, which is 11% lower than its category average, making the fund expense ratio grade a C. 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 Diversified Currency Inc I has a portfolio turnover rate of 209%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 152% for the Global Bond category.
Recently, in the month of July 2026, Eaton Vance Diversified Currency Inc I returned 1.0%, which earned it a grade of A, as the Global Bond category had an average return of -0.3%. 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 Diversified Currency Inc I has a trailing yield of 9.05%, which is above the 4.17% category average. The fund normally distributes its income monthly 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 Diversified Currency Inc I Grades
Year to date, the fund has returned 4.5%, 4.7 percentage points better than the category, which translates into a grade of A. The fund has returned 10.2% over the past year (grade of A), 7.0% over the past three years (grade of A) and 1.9% per year over the past five years (grade of A) and 3.2% per year over the past 10 years (grade of A).
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EIIMX 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 |
|
| EIIMX Return (NAV) | 1.0% | 0.8% | 10.2% | 7.0% | 1.9% | 3.2% |
| EIIMX Grade | A | A | A | A | A | A |
| +/- Category | 1.3% | 1.1% | 7.4% | 3.1% | 2.7% | 2.2% |
| Global Bond Avg | -0.3% | -0.2% | 2.9% | 3.8% | -0.7% | 0.9% |
| EIIMX Tax Cost Ratio | na | na | 3.6% | 2.6% | 2.0% | 1.8% |
EIIMX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EIIMX Return (NAV) | 4.5% | 15.1% | -2.6% | 8.6% | -11.1% | -5.3% | 9.5% | 6.5% | -2.4% | 10.9% | 2.4% |
| EIIMX Grade | A | A | D | A | B | C | C | D | C | A | D |
| +/- Category | 4.7% | 5.6% | -1.6% | 2.1% | 2.8% | -0.9% | 1.7% | -0.7% | -0.3% | 3.1% | -1.2% |
| Global Bond Avg | -0.2% | 9.5% | -1.0% | 6.5% | -13.9% | -4.5% | 7.8% | 7.2% | -2.1% | 7.9% | 3.7% |
| Risk Measures | |
| Standard Deviation: | 8.2% |
| Total Risk Index: | 0.67 - Below Average |
| Category Risk Index: | 1.19 - Above Average |
| Category Risk Grade: | D (77% Rank) |
| Beta: | 1.25 |
| R-Squared: | 74% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 9.1% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $113 Mil |
| Fund Total Assets: | $ 105 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 209% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 6.8 years | |||
| Average Tenure: 3.6 years | |||
| Managers (Year): Lee Kyle (2019), Shaw Brian (2021), Campbell Patrick (2021), Sequeda Federico (2024), Khattab Hussein (2024), Tandon Sahil (2024) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 99.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 24.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 24.9% |
| Convertible Bond: | 0.8% |
| Other: | 0.9% |
| Cash: | 73.4% |
Purchase Information
| Fund Family: | Eaton Vance |
| Phone Number: | 800-262-1122 |
| Website: | www.eatonvance.com |
| Status: | Open |
| Inception Date: | March 1, 2011 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.85% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | Eaton Vance Diversified Currency Inc A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
