Overview

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.

Where possible the fund seeks to take into account ESG factors into its research and decision making, however, the Fund noted herein is classified as an Article 6 fund of the EU Council Disclosure Regulation (2019/2088)


Performance

Calendar Year Returns (%)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Fund at NAV 3.49
ICE BofAML 3-Month U.S. Treasury Bill Index1 0.10 0.11 0.07 0.03 0.05 0.33 0.86 1.87 2.28 0.67
US LIBOR Total Return 3 month Index2 0.32 0.46 0.28 0.24 0.28 0.71 1.18
 

NAV History

Date NAV NAV Change
Jul 26, 2021 $13.09
Jul 23, 2021 $13.09 $0.03
Jul 22, 2021 $13.06 $0.02
Jul 21, 2021 $13.04 $0.03
Jul 20, 2021 $13.01 $0.00
Jul 19, 2021 $13.01
Jul 16, 2021 $13.03 $0.00
Jul 15, 2021 $13.03 $0.01
Jul 14, 2021 $13.02 -$0.05
Jul 13, 2021 $13.07 $0.03
 

Distribution History3

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.

Where possible the fund seeks to take into account ESG factors into its research and decision making, however, the Fund noted herein is classified as an Article 6 fund of the EU Council Disclosure Regulation (2019/2088)


Portfolio

Asset Mix (%)4,5 as of Jun 30, 2021

Portfolio Statistics as of Jun 30, 2021

Average Duration 1.45 yrs.
Countries Represented 65
 

Credit Quality (%)6 as of Jun 30, 2021

AAA 11.21
AA -1.82
A 2.68
BBB 14.66
BB 18.11
B 48.76
CCC or Lower 5.14
Not Rated 1.26
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 highest 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 Currency Exposure (%)7 as of Jun 30, 2021

Egyptian Pound 12.75
Ukranian Hryvnia 9.96
Serbian Dinar 7.40
Hungarian Forint 6.41
Russian Ruble 6.32
Polish Zloty 4.92
South African Rand -4.67
Saudi Riyal -7.04
Omani Rial -9.94
United Arab Emirates Dirham -20.39
View All
 

Foreign Sovereign External Debt (%)8 as of Jun 30, 2021

Romania 6.70
Tanzania 4.58
Egypt 3.52
Ivory Coast 2.41
Turkey -3.98
Saudi Arabia -4.89
Malaysia -5.24
Qatar -8.40
Russia -12.19
South Africa -14.81
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.

Where possible the fund seeks to take into account ESG factors into its research and decision making, however, the Fund noted herein is classified as an Article 6 fund of the EU Council Disclosure Regulation (2019/2088)


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, director of global income and portfolio manager on Eaton Vance's global income team. He is responsible for leading the global income team with investment professionals based in Boston, Washington, D.C., London and Singapore, 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. Previously at Eaton Vance, he was co-director of global income. Before joining Eaton Vance, he worked at State Street Bank in Boston, Luxemburg and Munich, and 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 CFA Society Boston, 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

 
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: Jun 30, 2021

Fact Sheet (Spanish)

Download - Last updated: May 31, 2021

Attribution

Download - Last updated: Jun 30, 2021

Annual Report (Spanish)

Download - Last updated: Dec 31, 2020

Annual Report (English)

Download - Last updated: Dec 31, 2020

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

Download - Last updated: Mar 9, 2021

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

Download - Last updated: Mar 9, 2021

Full Prospectus

Download - Last updated: Jul 6, 2020

Int'l (Ireland) Global Macro Holdings

Download - Last updated: May 31, 2021

KIID

Download

KIID

Download

KIID

Download

Memorandum and Articles of Association

Download - Last updated: Oct 2, 2012

Prospectus Supplement (English)

Download - Last updated: Mar 9, 2021

Semiannual Report (English)

Download - Last updated: Jun 30, 2020

Semiannual Report (Spanish)

Download - Last updated: Jun 30, 2020