Eaton Vance Global Macro Absolute Return Fund
Eaton Vance Mutual Funds Trust · 5 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2026 Q1
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.
| Share class | Expense ratio |
|---|---|
| EAGMX | 1.51% |
| EIGMX | 1.26% |
| ECGMX | 2.26% |
| ERGMX | 1.76% |
| EGMSX | 1.19% |
Portfolio turnover 142.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| 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.
Latest quarter
What changed since the fund's previous filing
New and exited totals aren’t verifiable for this fund.
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 |
|---|---|---|---|---|---|
| +12.74% | +31.71% | +35.18% | 3.03% | -1.34% | |
| +12.95% | +32.48% | +36.95% | 3.00% | -1.33% | |
| +11.76% | +28.54% | +30.12% | 2.95% | -1.40% | |
| +12.38% | +30.64% | +33.56% | 3.04% | -1.47% | |
| +13.06% | +32.84% | +37.37% | 3.00% | -1.32% |
These classes hold the same portfolio, so the 7.25pp spread over 5 years is the cost difference between them — roughly 1.45pp a year — not a difference in what they own.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Global Macro Portfolio | 100.03% | $9.61 | $3.80B | 395.0M |
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.
Top 10 positions are 100.03% of net assets, top 25 100.03%, across 1 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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