# Eaton Vance Emerging Markets Local Income Fund (EEIIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/eeiix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Eaton Vance · Asset class: Bond - Strategy: Actively Managed · Inception: 2009-11-27 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 gov... ## Key Facts | Metric | Value | |---|---| | Price | $3.44 | | Expense Ratio | 0.93% | | Assets Under Management | $1.82B | | NAV | $3.44 | | Holdings Count | — | | Distribution Yield (TTM) | 8.97% | | Annual Distribution (TTM) | $0.31 /share | | Distribution Frequency | Monthly | | 52-Week Range | $3.40 – $3.72 | | Beta | 1.29 | ## Latest Distribution - Amount: $0.0272 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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. ### Does EEIIX pay a dividend? Yes, Eaton Vance Emerging Markets Local Income Fund (EEIIX) distributes dividends to shareholders. The trailing-twelve-month yield is 8.97%. Full dividend history is on this page. ### How often does EEIIX pay dividends? Eaton Vance Emerging Markets Local Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is EEIIX's next ex-dividend date? The most recently announced ex-dividend date for EEIIX was 2026-09-29. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will EEIIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.93% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does EEIIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from EEIIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does EEIIX cost more than a fund like VOO? EEIIX is actively managed (current expense ratio 0.93%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether EEIIX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to EEIIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as EEIIX (0.93%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/eeiix - Distribution history: https://www.dividenddata.com/funds/eeiix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/eeiix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/eeiix/expenses - Peer comparison: https://www.dividenddata.com/funds/eeiix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.