Eaton Vance Global Macro Absolute Return Fund Class I (EIGMX)

Overview

This fund operates with a focus on achieving total return, where total return is understood as the sum of income and capital appreciation. It adopts a global investment strategy, engaging in long and short investment exposures across a variety of markets worldwide. This broad approach not only includes multiple countries but also often involves significant exposure to foreign currencies and investments. One of the distinguishing characteristics of this fund is its emphasis on sovereign exposures. This includes investments tied directly to currencies, interest rates, and debt instruments, either issued or guaranteed by sovereign entities. Unlike many of its peers, the fund operates with a non-diversified status, concentrating its investments more narrowly than diversified funds.

Products and Services

• Securities Investment

  The fund invests in a wide range of securities, encompassing both equity and debt instruments. Through its investment in securities, the fund aims to capitalize on market movements and economic trends around the globe.

• Derivatives Trading

  To achieve its investment objective, the fund actively participates in derivatives trading. This includes options, futures, and other financial instruments that derive their value from the performance of an underlying asset, rate, or index. Derivatives are used both for hedging risks and for speculative purposes, enabling the fund to take long and short positions in various markets.

• Foreign Currency Exposure

  A significant component of the fund's strategy involves exposure to foreign currencies. Through strategic investments in different currencies, the fund seeks to benefit from fluctuations in currency exchange rates, contributing to its total return.

• Sovereign Debt Instruments

  The core of the fund's investment strategy is its focus on sovereign exposures. This involves investing in debt instruments issued or guaranteed by sovereign entities. These investments can include, but are not limited to, government bonds, treasury bills, and other forms of sovereign debt. The aim here is to leverage the stability and potential yield offered by sovereign entities across various geographies.