Eaton Vance Global Macro Absolute Return Fund Class C (ECGMX)

Overview

This fund is designed for investors seeking total return, defined as income plus capital appreciation, through investments in a wide range of securities, derivatives, and other instruments on a global scale. It operates with the flexibility to invest in multiple countries, often with a significant exposure to foreign currencies and investments. The strategy primarily revolves around creating long and short investment exposures to sovereign instruments, including but not limited to currencies, interest rates, and debt instruments that are issued or guaranteed by sovereign entities. The fund's approach to investment is non-diversified, indicating a strategy that may involve higher risks and volatility due to a concentration in certain investments but also the potential for significant rewards.

Products and Services

• Sovereign Exposures

  The fund primarily invests in sovereign exposures which include investments in currencies, interest rates, and debt instruments issued or guaranteed by sovereign entities. This focus on sovereign instruments is designed to leverage the potential stability and returns offered by government-backed securities and currency movements.

• Long and Short Investment Strategies

  It employs both long and short investment strategies to capitalize on the market's movements. By taking long positions in securities expected to increase in value and short positions in securities expected to decrease, the fund seeks to generate positive returns from both rising and falling markets.

• Global Investment Approach

  The fund's investment philosophy is characterized by a global approach, investing in multiple countries and frequently engaging in significant foreign currency and investment exposures. This wide-ranging investment strategy aims to tap into various markets across the world for potential growth and diversification benefits.

• Non-Diversified Strategy

  Despite the global investment approach, the fund remains non-diversified, meaning it might concentrate its investments in a particular sector, geography, or security. While this approach can lead to higher volatility and risk, it also presents an opportunity for significant returns if the concentrated investments perform well.