Eaton Vance Emerging Markets Debt Opportunities Fund
Eaton Vance Series Fund, Inc. · 3 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Eaton Vance Emerging Markets Debt Opportunities Fund is an actively managed bond fund.
- Asset class
- Bonds
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- High yield
- Rate sensitivity
- Short duration
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2025 Q4
The Funds investment objective is total return.
The fund invests at least 80% of net assets in income instruments issued by emerging market entities or sovereigns, and derivative instruments based on emerging market currencies, interest rates or securities, seeking to outperform the J.P. Morgan Emerging Markets Bond Hard Currency/Local Currency 50-50 Index through country selection, currency management, security selection and duration decisions. The fund is non-diversified and may invest a greater percentage of its assets in securities of a single issuer than a diversified fund. Because the fund's actual results may diverge materially from its target ranges over shorter market cycles, realized performance could differ substantially from stated objectives. The fund expects extensive use of derivatives, including forwards, futures, swaps and options, which may create economic leverage.
| Share class | Expense ratio |
|---|---|
| EELDX | 0.73% |
| EADOX | 1.06% |
| EIDOX | 0.81% |
Portfolio turnover 106.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 67.01% |
| Cash & short-term | 22.45% |
| Loans | 5.11% |
| Derivatives | 1.06% |
| Stocks | 0.00% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: Argentina Bonar Bonds, UZBEKISTAN INTL BOND, TITULOS DE TESORERIA ×2, ZAMBIA GOVERNMENT BOND, DANGOTE FERTLISER LTD, BONO GAR PROV DEL CHUBUT, UZBEKISTAN (REPUBLIC OF)
Largest exited: REPUBLIC OF CONGO, REPUBLIC OF ANGOLA, The Federal Republic of Nigeria ×3, BONOS DE TESORERIA, ABSA BANK LTD, EGYPT TREASURY BILL
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +20.56% | +54.83% | +50.43% | 5.84% | -3.07% | |
| +20.33% | +53.39% | +48.01% | 5.77% | -2.98% | |
| +20.46% | +54.53% | +49.92% | 5.86% | -3.07% |
These classes hold the same portfolio, so the 2.42pp spread over 5 years is the cost difference between them — roughly 0.48pp a year — not a difference in what they own.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 82.9% |
| Floating rate | 8.7% |
| Zero-coupon or unclassified | 8.4% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 8.2% |
| 1-3y | 15.9% |
| 3-5y | 28.0% |
| 5-10y | 35.8% |
| 10y+ | 12.1% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 66% |
| Credit spreads | 34% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +1.45 yr |
| Investment grade | +0.02 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 3 mo | 0.02 yr | 1% |
| 1 yr | 0.56 yr | 19% |
| 5 yr | 1.17 yr | 40% |
| 10 yr | 0.93 yr | 32% |
| 30 yr | 0.20 yr | 7% |
| 3 mo | 0.03 yr | 2% |
| 1 yr | 0.35 yr | 24% |
| 5 yr | 0.75 yr | 51% |
| 10 yr | 0.27 yr | 18% |
| 30 yr | 0.08 yr | 5% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.02 | +0.00 | +0.02 | $1.0k | $11.1k |
| 1 yr | +0.56 | +0.02 | +0.33 | $7.6k | $156.0k |
| 5 yr | +1.17 | +0.00 | +0.75 | $1.1k | $349.7k |
| 10 yr | +0.93 | +0.00 | +0.27 | $1.3k | $124.8k |
| 30 yr | +0.20 | +0.00 | +0.08 | $0 | $37.5k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 2.88 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| MVRXX | Morgan Stanley & Co. LLCMVRXX | 15.62% | $731.20M | — |
| — | EGYPT GOVERNMENT BOND19.98% · due 2030-05-20 | 2.18% | $102.07M | — |
| — | POLAND GOVERNMENT BOND2.00% · due 2036-08-25 | 2.14% | $100.00M | — |
| — | NOTA DO TESOURO NACIONAL6.00% · due 2035-05-15 | 1.83% | $85.77M | — |
| — | MEX BONOS DESARR FIX RT7.75% · due 2034-11-23 | 1.56% | $72.98M | — |
| — | INDIA GOVERNMENT BOND7.24% · due 2055-08-18 | 1.50% | $70.42M | — |
| — | Argentina Bonar Bonds0.75% floating · due 2030-07-09 | 1.49% | $69.92M | — |
| — | UZBEKISTAN INTL BOND12.25% · due 2029-04-13 | 1.44% | $67.40M | — |
| — | FEDERAL REP OF ETHIOPIA6.63% · due 2024-12-11 | 1.27% | $59.57M | — |
| — | ARMENIAN TREASURY BONDS9.00% · due 2035-10-29 | 1.22% | $57.15M | — |
Top 10 positions are 30.25% of net assets, top 25 43.88%, across 192 issuers.
See more of this fund's book
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