Eaton Vance Emerging Markets Local Income Fund

Frequently Asked Questions About EEIIX

What does EEIIX invest in?

The fund's objective is to achieve its financial goals by strategically deploying capital into various investment vehicles, such as securities, derivatives, and other financial instruments, focusing on opportunities within emerging markets. A core component of its strategy, referred to as the "80% Policy," mandates that at least 80% of its net assets (including any funds borrowed for investment purposes) must be channeled into one or more of the following: (i) assets denominated in the local currencies of emerging market countries; (ii) fixed-income instruments issued by corporations or governments in emerging market nations; and/or (iii) derivative contracts whose value is tied to the currencies, interest rates, or underlying issues of emerging market economies. The portfolio maintains a non-diversified investment approach.

What is the expense ratio of EEIIX?

Eaton Vance Emerging Markets Local Income Fund (EEIIX) charges an expense ratio of 0.93%. This is the annual fee deducted from fund assets to cover management and operations.

What is EEIIX's dividend yield?

EEIIX's trailing-twelve-month yield is 8.97%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of EEIIX?

Effective duration measures EEIIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. EEIIX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of EEIIX?

EEIIX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of EEIIX?

Yield to maturity (YTM) is the total return you'd earn from EEIIX if every bond in the portfolio is held to maturity at the current price. EEIIX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.