Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Eaton Vance Glbl Macr Absolute Return A  EAGMX Release date as of 2024-04-30. Data on page is subject to change. Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-04-30 Out of 280 Nontraditional Bond Funds Morningstar® Style Box™ What is this? As of 2024-03-31 Total Fund Assets ($ Mil) 1,681.33 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   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. Total return is defined as income plus capital appreciation. It normally invests in multiple countries and frequently has significant exposure to foreign currencies and investments. The fund's long and short investments are primarily sovereign exposures, including currencies, interest rates and debt instruments issued or guaranteed by sovereign entities. It is non-diversified.

Morningstar Category: Nontraditional Bond Inclusion in nontraditional bond is informed by a balance of factors determined by Morningstar analysts. Those typically include a mix of: absolute return mandates; goals of producing returns not correlated with the overall bond market; performance benchmarks based on ultrashort-term interest rates such as T-bills; the ability to take long and short market and security-level positions using a broad range of derivatives; and few or very limited portfolio constraints on exposure to credit, sectors, currency, or interest-rate sensitivity. Funds in this group typically have the flexibility to manage duration exposure over a wide range of years and to take it to zero or a negative value.

Performance Growth of $10,000 (from 2014-01-01 to 2024-04-30) Investment: Eaton Vance Glbl Macr Absolute Return A Benchmark 1: Bloomberg US Agg Bond TR USD Benchmark 2: ICE BofA USD 3M Dep OR CM TR USD Category: Nontraditional Bond This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden. Total Annualized Returns % YTD 1 Year 3 Year 5 Year 10 Year Since Inception Investment 3.44 8.22 3.57 4.30 3.25 3.47 Bloomberg US Agg Bond TR USD -3.28 -1.47 -3.54 -0.16 1.20 2.85 ICE BofA USD 3M Dep OR CM TR USD 1.78 5.43 2.72 2.19 1.61 1.50 Category 1.09 5.94 0.44 2.01 2.08 1.96 Morningstar Rating --- --- --- # of compared Nontraditional Bond funds covered (3 yrs : out of 280 funds) (5 yrs : out of 250 funds) (10 yrs : out of 169 funds) Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods. Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown. Fees and Expenses Total Annual Operating Expense 1.36% Prospectus Net Expense Ratio 1.36% Maximum Sales Charge 3.75% The total annual operating expense shown is before management fee waivers or expense caps. For more information on waivers/reimbursements, please see the prospectus. The total annual operating expense is also referred to as the prospectus gross expense ratio. Waiver Data Type Date % --- --- --- ---

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 0.9 Non-U.S. Stocks 3.6 Bonds 61.3 Cash 34.0 Other 0.2 Data through 2024-01-31 Morningstar Fixed-Income Sectors % Fund Government 68.92 Corporate 4.45 Securitized 6.71 Municipal 0.00 Cash & Equivalents 17.43 Derivative 2.49 Data through 2024-01-31 Credit Analysis % Bonds AAA 6.45 AA 21.76 A 8.30 BBB 7.39 BB 19.53 B 25.80 Below B 7.19 Not Rated 3.58 Data through 2024-03-31 Holding Status Total Number of Stock Holdings 80 Total Number of Bond Holdings 287 % of Net Assets in Top 10 Holdings 23.48 Turnover % (as of 2023-10-31) 96.00 30 Day SEC Yield % 6.56 Top Holdings Maturity Date Shares Value $000 % of Net Assets United States Treasury Notes 1.25% 2028-04-15 101,424 99,338 6.12 Tanzania 10 Year Term Loan 2031-04-28 51,843 52,148 3.21 India (Republic of) 7.1% 2029-04-18 3,328,920 40,101 2.47 Peru (Republic of) 5.94% 2029-02-12 139,340 37,363 2.30 Indonesia (Republic of) 6.125% 2028-05-15 550,220,000 34,633 2.13 Rikisb Fixed Coupon 6.500000 Maturity 20310124 2031-01-24 3,878,073 27,772 1.71 Suriname (Republic of) 7.95% 2033-07-15 28,328 24,257 1.49 The Republic of Korea 1.875% 2024-12-10 31,500,000 23,318 1.44 Albania(Republic Of) 5.9% 2028-06-09 19,518 21,661 1.33 Serbia (Republic Of) 5.875% 2028-02-08 2,181,570 20,799 1.28 Data through 2024-01-31

Principal Risks    Lending, Short Sale, Credit and Counterparty, Currency, Emerging Markets, Foreign Securities, Long-Term Outlook and Projections, Loss of Money, Not FDIC Insured, Country or Region, Nondiversification, Active Management, Issuer, Interest Rate, Market/Market Volatility, Commodity, Convertible Securities, Equity Securities, High-Yield Securities, Mortgage-Backed and Asset-Backed Securities, Municipal Obligations, Leases, and AMT-Subject Bonds, Other, Preferred Stocks, Repurchase Agreements, Restricted/Illiquid Securities, U.S. Government Obligations, Derivatives, Leverage, Shareholder Activity, Forwards, Management, Money Market Fund Ownership Show Risk Definitions

Other Information Inception Date: 2007-06-27 Portfolio Manager(s) Kyle Lee   (2021-06-30) Kyle Lee is Vice President of Eaton Vance and BMR. Kyle Lee is a portfolio manager on the Emerging Markets team. He is responsible for buy and sell decisions, portfolio construction, and risk management for the team’s emerging markets strategies. He is also responsible for the analysis of macroeconomics, politics, and financial markets of Asia, Western Europe and the Dollar Bloc and the management of regional investments in various emerging markets debt portfolios. He began his career in the investment industry with Eaton Vance in 2007. Morgan Stanley acquired Eaton Vance in March 2021. Kyle earned a B.A. from Wesleyan University. He holds the Chartered Financial Analyst designation. Patrick M. Campbell   (2021-06-30) Patrick Campbell is a portfolio manager on the Emerging Markets team. He is responsible for buy and sell decisions, portfolio construction, and risk management for the team’s emerging markets strategies. He is also responsible for the analysis of macroeconomics, politics, and financial markets of Latin America and the management of regional investments in various emerging markets portfolios. He began his career in the investment industry with Eaton Vance in 2008. Morgan Stanley acquired Eaton Vance in March 2021. Patrick earned a B.A. from Boston College. He is a member of the CFA Society Boston and holds the Chartered Financial Analyst designation. Federico Sequeda   (2021-06-30) Federico Sequeda is a portfolio manager on the Emerging Markets team. He is responsible for buy and sell decisions, portfolio construction, and risk management for the team’s emerging markets strategies. He joined Eaton Vance in 2010. Morgan Stanley acquired Eaton Vance in March 2021. Federico began his career in the investment industry in 2009. Before joining Eaton Vance, he was an investment associate with Bridgewater Associates, LP. Federico earned a B.A., magna cum laude, from Dartmouth College. He holds the Chartered Financial Analyst designation. Hussein Khattab   (2022-03-16) Hussein Khattab is a portfolio manager and research analyst on the Emerging Markets Debt team. He is responsible for buy and sell decisions, portfolio construction, and risk management for the team’s emerging markets strategies. He is focused on the analysis of macroeconomics, politics, and financial markets of Central and Eastern Europe, the Middle East and Africa, and the management of regional investments in various emerging markets portfolios. He began his career in the investment industry with Eaton Vance in 2013. Morgan Stanley acquired Eaton Vance in March 2021. Hussein earned a Bachelor of Engineering from the American University of Beirut and an M.S. in mathematical finance from Boston University. He holds the Chartered Financial Analyst designation. Investment Advisor(s) Boston Management and Research Eaton Vance Management Issuer Eaton Vance

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