Overview

Historical Returns (%) as of Dec 31, 2019

 

Fund Facts as of Jan 31, 2020

Class A$(Acc) Inception 05/12/2003
Investment Objective High current income
Total Net Assets $152.4M
Minimum Investment $1000

Fund Codes

CUSIP G2918S793
ISIN IE0031519493
SEDOL 3151949
Valor Number 1021978
Wertpapierkennnummer 345245
 

Top 10 Issuers (%)1 as of Jan 31, 2020

Centene Corp 2.49
Bausch Health Companies 2.41
Cablevision Systems Corp 2.28
Sprint Corp 2.24
Charter Communications 1.95
HCA Inc. 1.95
Altice France 1.53
Vici Properties 1.40
Transdigm Inc 1.35
Asurion 1.32
Total 18.92
 

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

About Risk: 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment 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. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. As interest rates rise, the value of certain income investments is likely to decline. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), 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. 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 Dec 31, 2019

 

Calendar Year Returns (%)

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Fund at NAV 12.36 3.95 12.92 5.44 2.26 -2.79 12.25 5.15 -3.31 12.90
ICE BofA U.S. High Yield Index 15.19 4.38 15.58 7.42 2.50 -4.64 17.49 7.48 -2.26 14.41
 

Fund Facts

Class A$(Acc) Inception 05/12/2003
 

NAV History

Date NAV NAV Change
Feb 21, 2020 $26.21 -$0.02
Feb 20, 2020 $26.23 $0.00
Feb 19, 2020 $26.23 $0.02
Feb 18, 2020 $26.21 -$0.01
Feb 14, 2020 $26.22 $0.02
Feb 13, 2020 $26.20 $0.00
Feb 12, 2020 $26.20 $0.03
Feb 11, 2020 $26.17 $0.06
Feb 10, 2020 $26.11 -$0.01
Feb 07, 2020 $26.12 $0.00
 

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: 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment 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. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. As interest rates rise, the value of certain income investments is likely to decline. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), 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. 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

Asset Mix (%)1 as of Jan 31, 2020

Portfolio Statistics as of Jan 31, 2020

Number of Issuers 238
Number of Holdings 409
Average Coupon 6.07%
Average Maturity 5.97 yrs.
Average Effective Maturity 4.11 yrs.
Average Duration 2.71 yrs.
Average Price $101.66
 

Sector Breakdown (%)1 as of Jan 31, 2020

Energy 13.81
Healthcare 13.25
Telecommunications 9.52
Gaming 6.13
Cable & Satellite TV 5.94
Technology 5.17
Utility 4.03
Services 3.83
Broadcasting 3.26
Homebuilders & Real Estate 3.18
View All

Credit Quality (%)3 as of Jan 31, 2020

BBB 6.31
BB 43.18
B 40.57
CCC or Lower 7.95
Not Rated 1.98
Total 100.00
Credit ratings are categorized using S&P. If S&P does not publish a rating, then the Moody's 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 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.
 

Maturity Distribution (%)1 as of Jan 31, 2020

Less Than 1 Year 0.00
1 To 3 Years 7.16
3 To 5 Years 22.11
5 To 10 Years 68.01
10 To 20 Years 1.46
20 To 30 Years 0.45
More Than 30 Years 0.80
Total 100.00

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

About Risk: 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment 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. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. As interest rates rise, the value of certain income investments is likely to decline. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), 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. 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

Kelley G. Baccei

Kelley G. Baccei

Vice President, Eaton Vance Management
Joined Eaton Vance 2005

Biography

Kelley Baccei is a vice president of Eaton Vance Management and a portfolio manager on Eaton Vance’s high-yield team. She is responsible for buy and sell decisions and portfolio construction. She joined Eaton Vance in 2005.

Kelley began her career in the investment management industry in 2000. Before joining Eaton Vance, she was the director of high-yield distressed research at Fieldstone Capital Group. Previously, she was associate director of fixed-income research at Scotia Capital Markets, Inc.

Kelley earned a B.A. from Boston College and a certificate in credit analysis from New York University.

Education
  • B.A. Boston College

Experience
  • Managed Fund since 2014

 
Jeffrey D. Mueller

Jeffrey D. Mueller

Vice President, Eaton Vance Advisers International Ltd.
Joined Eaton Vance 2015

Biography

Jeffrey Mueller is a vice president of Eaton Vance Advisers International Ltd. and a portfolio manager on Eaton Vance’s high-yield team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s high-yield and multi-asset credit strategies. He leads investment management and credit research for all non-U.S. high-yield opportunities. Jeff will become co-director of high-yield investments effective January 1, 2020. He joined Eaton Vance in 2015.

Jeff began his career in the investment management industry in 2004. Before joining Eaton Vance, he was a high-yield portfolio manager with Threadneedle Investments. He was previously affiliated with Centaurus Capital Ltd. and Amaranth Advisors LLC.

Jeff earned a B.B.A. from the University of Wisconsin at Madison.

Education
  • B.B.A. University of Wisconsin at Madison

Experience
  • Managed Fund since 2016

 
Stephen C. Concannon, CFA

Stephen C. Concannon, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2000

Biography

Stephen Concannon is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s high-yield team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s high-yield strategies. He joined Eaton Vance in 2000.

Steve began his career in the investment management industry in 1993. Before joining Eaton Vance, he was a research analyst for Wellington Management.

Steve earned a B.A. from Bates College. He is a member of the CFA Society of Boston and is a CFA charterholder.

Education
  • B.A. Bates College

Experience
  • Managed Fund since 2019

 

Literature

Literature

Fact Sheet (English)

Download - Last updated: Jan 31, 2020

Fact Sheet (Spanish)

Download - Last updated: Jan 31, 2020

Commentary (Spanish)

Download - Last updated: Dec 31, 2019

Commentary (English)

Download - Last updated: Dec 31, 2019

Attribution

Download - Last updated: Dec 31, 2019

Annual Report (Spanish)

Download - Last updated: Dec 31, 2018

Annual Report (English)

Download - Last updated: Dec 31, 2018

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

Download - Last updated: Dec 28, 2018

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

Download - Last updated: Dec 28, 2018

Memorandum and Articles of Association

Download - Last updated: Oct 2, 2012

Prospectus Supplement (English)

Download - Last updated: Dec 20, 2018

Semiannual Report (Spanish)

Download - Last updated: Jun 30, 2019

Semiannual Report (English)

Download - Last updated: Jun 30, 2019