1 / 5 Stars
3 3 5 4
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 77 Nontraditional Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -3.92 percent over the past year, and 0.99 percent over the past three years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-0.9%|
|3 Years (Annualized)||1.0%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks total return. The fund seeks its investment objective by investing in securities, derivatives and other instruments to establish long and short investment exposures around the world. It normally invests in multiple countries and may have significant exposure to foreign currencies. The fund's long and short investments primarily are sovereign exposures, including currencies, interest rates and debt instruments issued or guaranteed by sovereign entities. The fund is non-diversified.
Fees are High compared to funds in the same category.
Eaton Vance Global Macro Absolute Return Advantage Fund has an expense ratio of 1.94 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.