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Morningstar

Eaton Vance Glbl Macr Absolute Return R ERGMX

Morningstar Analyst Rating
Quantitative rating as of | See Eaton Vance Investment Hub
  • NAV / 1-Day Return 8.29  /  0.00
  • Total Assets 1.8 Bil
  • Adj. Expense Ratio
    1.330%
  • Expense Ratio 1.290%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.38%
  • Effective Duration —

USD | NAV as of Feb 09, 2023 | 1-Day Return as of Feb 09, 2023, 12:13 AM GMT+00:00

Morningstar’s Analysis ERGMX

Will ERGMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ERGMX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ERGMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of ERGMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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A decline in People Pillar rating is the primary driver of Eaton Vance Glbl Macr Absolute Return R's downgrade to a Morningstar Quantitative Rating of Neutral from Bronze. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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