Eaton Vance Global Macro Absolute Return Fund Class A (EAGMX)

Overview

The fund is an investment entity that aims to achieve total return, which encompasses both income and capital appreciation, through a diversified strategy of investing in a wide range of securities, derivatives, and other financial instruments across the globe. It employs a mix of long and short investment strategies to take advantage of varying market conditions and economic trends. A significant trait of the fund is its readiness to invest in multiple countries, often taking substantial positions in foreign currencies and investment opportunities. While the fund focuses on sovereign exposures, including but not limited to currencies, interest rates, and debt instruments backed or issued by governmental bodies, it operates with a non-diversified status, which indicates a concentrated investment approach in specific sectors or regions.

Products and Services

The fund offers a range of investment services focused on deriving total return from global markets:

• Sovereign Exposures: These include investments in currencies, interest rates, and debt instruments that are issued or guaranteed by sovereign entities across the world. By engaging in both long and short positions, the fund aims to benefit from fluctuations in the financial instruments associated with different government entities.
• Foreign Currency Investments: A significant part of the fund's strategy involves taking considerable exposure to foreign currencies. By doing so, it aims to capitalize on the movements in exchange rates between different currencies to generate returns.
• Derivatives and Other Financial Instruments: The use of derivatives and other sophisticated financial instruments allows the fund to implement complex strategies designed to achieve its investment objective. These instruments can include, but are not limited to, futures, options, and swaps, enabling the fund to establish both long and short positions in various assets.
• Global Investment Exposure: With a mandate to invest in multiple countries, the fund diversifies its holdings across international borders. This global investment approach enables it to tap into various markets and economic environments, potentially reducing risk and enhancing return opportunities.