Eaton Vance Global Macro Absolute Return Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Eaton Vance Global Macro Absolute Return Fund held 1 positions with $3.79B in net assets. Its ten largest holdings made up 100.0% of the fund. The EAGMX share class costs 1.51% a year. Over the 12 months to May 2026, EAGMX returned 11.7%, with dividends reinvested.
The Funds investment objective is total return.
The fund pursues absolute return by deploying macroeconomic and political analysis to establish long and short exposures across sovereign debt, currencies, and interest rates in multiple countries, with up to 10% in equities and up to 25% in commodities accessed through a wholly-owned Cayman Islands subsidiary. The fund is non-diversified and may concentrate significantly in a single issuer or country, employs extensive derivatives including swaps and forwards to create economic leverage, and benchmarks to cash rather than equity or bond indices. Because the fund is non-diversified, performance depends on the success of concentrated positions in particular issuers or countries.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Global Macro Portfolio | 100.03% | $3.80B | 395.0M | $9.61 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 1 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Cash & short-term | 53.00% |
| Bonds | 29.34% |
| Stocks | 6.29% |
| Loans | 2.17% |
| Securitized | 0.86% |
| Derivatives | -0.07% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
How it has done
EAGMX share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.06%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.51% | +11.67% | +30.71% | +34.90% | -1.34% | |
| 1.26% | +11.87% | +31.62% | +36.67% | -1.33% | |
| 2.26% | +10.83% | +27.56% | +29.85% | -1.40% | |
| 1.76% | +11.32% | +29.49% | +33.14% | -1.47% | |
| 1.19% | +11.98% | +31.81% | +37.09% | -1.32% |
These classes hold the same portfolio, so the 7.24pp spread over 5 years is the cost difference between them — roughly 1.45pp a year — not a difference in what they own.
Fees & fund details
Eaton Vance Global Macro Absolute Return Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified · Master-feeder
- Expense ratio, by class
- 1.19% – 2.26%· EAGMX 1.51%
- Portfolio turnover
- 142.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
New and exited totals aren’t verifiable for this fund.
Understand how this fund fits with the rest.
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