Overview

Historical Returns (%) as of Sep 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
11/30/2017
Fund at NAV 0.45 1.44 5.44 6.54 2.72 2.00 1.56
Fund w/Max Sales Charge -5.86 -4.91 -1.14 -0.09 0.54 0.69 0.69
US LIBOR Total Return 3 month Index1 0.10 0.33 1.08 1.15 0.70 0.52 0.48
09/30/2017
Fund at NAV 0.27 1.28 4.22 3.35 2.75 1.50 1.43
Fund w/Max Sales Charge -6.01 -5.04 -2.29 -3.14 0.58 0.20 0.55
US LIBOR Total Return 3 month Index1 0.11 0.33 0.85 1.07 0.63 0.49 0.46
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. Source: Eaton Vance and RIMES. Max Sales Charge: 6.25%.
 

Fund Facts as of Nov 30, 2017

Class A2$ Inception 05/06/2010
Investment Objective Total return
Total Net Assets $170.5M
Minimum Investment $1000
CUSIP G2919V183

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk: 

Fund share values are sensitive to stock market volatility, adverse market, economic,political,regulatory, geopolitical and other conditions. In international markets, these risks may be more significant. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of nonpayment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer’s ability to make principal and interest payments. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. As interest rates rise, the value of certain income investments is likely to decline. Because the Fund investments may be concentrated in a particular geographic region or country, the Fund share value may fluctuate more than that of a less concentrated fund. Investments rated below investment grade (typically referred to as “junk”) are generally subject to greater price volatility and illiquidity than higher-rated investments. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Performance

Historical Returns (%) as of Sep 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
11/30/2017
Fund at NAV 0.45 1.44 5.44 6.54 2.72 2.00 1.56
Fund w/Max Sales Charge -5.86 -4.91 -1.14 -0.09 0.54 0.69 0.69
US LIBOR Total Return 3 month Index1 0.10 0.33 1.08 1.15 0.70 0.52 0.48
09/30/2017
Fund at NAV 0.27 1.28 4.22 3.35 2.75 1.50 1.43
Fund w/Max Sales Charge -6.01 -5.04 -2.29 -3.14 0.58 0.20 0.55
US LIBOR Total Return 3 month Index1 0.11 0.33 0.85 1.07 0.63 0.49 0.46
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. Source: Eaton Vance and RIMES. Max Sales Charge: 6.25%.
 

Calendar Year Returns (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV -1.00 3.63 -2.33 1.99 1.46 2.60
US LIBOR Total Return 3 month Index1 5.60 3.48 0.80 0.34 0.32 0.46 0.28 0.24 0.28 0.71
 

Fund Facts

Class A2$ Inception 05/06/2010

NAV History

Date NAV NAV Change
Dec 13, 2017 $11.24 $0.01
Dec 12, 2017 $11.23 $0.01
Dec 11, 2017 $11.22 -$0.02
Dec 08, 2017 $11.24 $0.00
Dec 07, 2017 $11.24 $0.00
Dec 06, 2017 $11.24 $0.00
Dec 05, 2017 $11.24 $0.00
Dec 04, 2017 $11.24 $0.02
Dec 01, 2017 $11.22 -$0.02
Nov 30, 2017 $11.24 $0.01
 

Distribution History2

Ex-Date Distribution Reinvest NAV
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
Fund prospectus

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk: 

Fund share values are sensitive to stock market volatility, adverse market, economic,political,regulatory, geopolitical and other conditions. In international markets, these risks may be more significant. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of nonpayment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer’s ability to make principal and interest payments. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. As interest rates rise, the value of certain income investments is likely to decline. Because the Fund investments may be concentrated in a particular geographic region or country, the Fund share value may fluctuate more than that of a less concentrated fund. Investments rated below investment grade (typically referred to as “junk”) are generally subject to greater price volatility and illiquidity than higher-rated investments. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Portfolio

Portfolio Statistics as of Nov 30, 2017

Average Duration 0.80 yrs.
Countries Represented 58

Credit Quality (%)3 as of Nov 30, 2017

AAA 14.80
AA 0.67
A 4.99
BBB 7.71
BB 30.36
B 30.89
CCC or Lower 8.21
Not Rated 2.38
Total 100.00
Ratings are based on Moody's, S&P or Fitch, as applicable. If securities are rated differently by the ratings agencies, the higher rating is applied. Ratings, which are subject to change, apply to the creditworthiness of the issuers of the underlying securities and not to the Fund or its shares. Credit ratings measure the quality of a bond based on the issuer's creditworthiness, with ratings ranging from AAA, being the highest, to D, being the lowest based on S&P's measures. Ratings of BBB or higher by S&P or Fitch (Baa or higher by Moody's) are considered to be investment-grade quality. Credit ratings are based largely on the ratings agency's analysis at the time of rating. The rating assigned to any particular security is not necessarily a reflection of the issuer's current financial condition and does not necessarily reflect its assessment of the volatility of a security's market value or of the liquidity of an investment in the security. Holdings designated as "Not Rated" are not rated by the national ratings agencies stated above.

Foreign Sovereign External Debt (%)4 as of Nov 30, 2017

Macedonia 6.51
Turkey 5.85
El Salvador 4.60
Cyprus 3.63
Colombia -4.67
Russia -5.57
Mexico -6.14
Qatar -7.77
Malaysia -8.01
South Africa -8.41
View All
 

Foreign Currency Exposure (%)5 as of Nov 30, 2017

Serbian Dinar 15.80
Russian Ruble 11.00
Czech Koruna 10.05
Kazakh Tenge 7.96
Sri Lankan Rupee 7.75
Colombian Peso 7.65
Egyptian Pound 5.88
Euro -5.76
U.A.E. Dirham -5.79
Omani Rial -9.71
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk: 

Fund share values are sensitive to stock market volatility, adverse market, economic,political,regulatory, geopolitical and other conditions. In international markets, these risks may be more significant. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of nonpayment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer’s ability to make principal and interest payments. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. As interest rates rise, the value of certain income investments is likely to decline. Because the Fund investments may be concentrated in a particular geographic region or country, the Fund share value may fluctuate more than that of a less concentrated fund. Investments rated below investment grade (typically referred to as “junk”) are generally subject to greater price volatility and illiquidity than higher-rated investments. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Management

John R. Baur

John R. Baur

Vice President, Eaton Vance Management
Joined Eaton Vance 2005

Biography

John Baur is a vice president of Eaton Vance Management, director of global portfolio analysis and portfolio manager on Eaton Vance’s global income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s global income strategies. He joined Eaton Vance in 2005.

John began his career in the investment management industry in 2005. Before joining Eaton Vance, he was employed by Applied Materials in an engineering capacity, spending five of his seven years at the firm in Asia.

John earned a B.S. from MIT and an MBA from the Johnson Graduate School of Management at Cornell University.

Education
  • B.S. Massachusetts Institute of Technology
  • M.B.A. Johnson Graduate School of Management, Cornell University

Experience
  • Managed Fund since 2010

 
Michael A. Cirami, CFA

Michael A. Cirami, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2003

Biography

Michael Cirami is a vice president of Eaton Vance Management, co-director of global income and portfolio manager on Eaton Vance’s global income team. He is responsible for leading the 45-person global income team, as well as for buy and sell decisions, portfolio construction and risk management for the firm’s global income strategies. Michael focuses on emerging Europe, the Middle East and Africa. He joined Eaton Vance in 2003.

Michael began his career in the investment management industry in 1998. Before joining Eaton Vance, he was employed at State Street Bank in Boston, Luxemburg and Munich, and with BT&T Asset Management in Zurich.

Michael earned a B.S., cum laude, from Mary Washington College and an MBA with honors from the William E. Simon School at the University of Rochester. He also studied at WHU Otto Beisheim School of Management in Koblenz, Germany. He is a member of the Boston Security Analysts Society, the Boston Committee on Foreign Relations and the Ludwig von Mises Institute. He also serves as a board member and chairman of the investment committee of the Boston Civic Symphony and the University of Mary Washington Foundation. Additionally, he is on the board of overseers for the New England Conservatory. He is a CFA charterholder.

Michael’s commentary has appeared in The Wall Street Journal, Barron’s, Bloomberg and Reuters. He has been a featured speaker at Schwab, Bloomberg European Debt Crisis and Standard Chartered forums.

Education
  • B.S. Mary Washington College
  • M.B.A. William E. Simon School of Business, University of Rochester

Experience
  • Managed Fund since 2010

 
Eric Stein, CFA

Eric Stein, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2002; rejoined the firm in 2008

Biography

Eric Stein is a vice president of Eaton Vance Management, co-director of global income and portfolio manager in Eaton Vance’s global income group. He is responsible for leading the 45-person global income team, as well as for buy and sell decisions, portfolio construction and risk management for the firm’s global income strategies. He focuses on Asia, Western Europe and the Dollar Bloc. He also covers the policies and actions of the Federal Reserve and the U.S. Treasury. He originally joined Eaton Vance in 2002 and rejoined the company in 2008.

Eric previously worked on the Markets Desk of the Federal Reserve Bank of New York. He has additional experience at Citigroup Alternative Investments.

Eric earned a B.S., cum laude, from Boston University and an MBA, with honors, from the University of Chicago Booth School of Business. He is a term member of the Council on Foreign Relations. He is also a CFA charterholder and a member of the Boston Committee on Foreign Relations, Boston Economic Club, Business Associates Club, Enterprise Club, AEI Boston Council and Boston Security Analysts Society. Eric is on the board of overseers of Big Brothers Big Sisters of Massachusetts Bay. He also serves as a board member and member of the investment committee of the Boston Civic Symphony.

Eric’s commentary has appeared in The New York Times, The Wall Street Journal, Barron’s, Financial Times, The Washington Post, Bloomberg, Dow Jones, Reuters, Kiplinger’s and The Christian Science Monitor. He has been featured on CNBC, Fox News, Fox Business News, PBS, Bloomberg Radio and Bloomberg TV.

Education
  • B.S. Boston University
  • M.B.A. Booth School of Business, University of Chicago

Experience
  • Managed Fund since 2010

 
Danat Abdrakhmanov, CFA

Danat Abdrakhmanov, CFA

Vice President, Eaton Vance Advisers International Ltd.
Joined Eaton Vance 2006

Biography

Danat Abdrakhmanov is a vice president of Eaton Vance Advisers International Ltd. and portfolio manager on Eaton Vance's global income team. He is responsible for macroeconomic and political research, investment decisions, and portfolio construction, covering Eastern Europe, the Middle East and Africa. He began his career in the investment management industry with Eaton Vance in 2006.

Danat earned a B.S., cum laude, from the Carroll School of Management at Boston College. He is a member of the CFA Society of the U.K. and is a CFA charterholder.

Education
  • B.S. Boston College

Experience
  • Managed Fund since 2016

 

Literature

Literature

Fact Sheet (English)

Download - Last updated: Nov 30, 2017

Fact Sheet (Latin America)

Download - Last updated: Sep 30, 2017

Commentary (English)

Download - Last updated: Sep 30, 2017

Attribution

Download - Last updated: Sep 30, 2017

Annual Report (Spanish)

Download - Last updated: Dec 31, 2016

Annual Report (English)

Download - Last updated: Dec 31, 2016

Eaton Vance International (Ireland) Funds Full Prospectus (English)

Download - Last updated: Dec 23, 2016

Int'l (Ireland) Global Macro Holdings

Download - Last updated: Oct 31, 2017

Prospectus Supplement (English)

Download - Last updated: Dec 23, 2014

Semiannual Report (English)

Download - Last updated: Jun 23, 2017

Semiannual Report (Spanish)

Download - Last updated: Jun 30, 2016