Eaton Vance Emerging Markets Debt Opportunities Fund (Class A) (EADOX) is a mutual fund that seeks total return through a combination of current income and capital appreciation by investing primarily in debt obligations and other securities of issuers located in emerging market countries. The fund allocates its assets among sovereign debt obligations issued or guaranteed by governments or governmental entities of emerging market countries or their subdivisions, instrumentalities or agencies; debt obligations issued by supranational entities; corporate debt obligations of issuers located in emerging market countries; and emerging market equities, preferred stocks, contingent convertible securities, and other income-producing securities, including Brady bonds, zero-coupon securities, payment-in-kind securities, loan participations and assignments, delayed funding loans and investments, and structured securities; it may also invest up to 20% of its total assets in noneconomic and semigovernmental debt obligations and up to 10% in investment-grade debt securities of U.S. and non-U.S. issuers. Managed by Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management, the fund targets institutional and retail investors seeking exposure to emerging markets fixed income with a focus on high-yield opportunities, utilizing a fundamental, bottom-up research process emphasizing credit analysis, relative value, and risk management across local, external, and multicurrency debt. Eaton Vance launched the fund in 2013 and is headquartered in Boston, Massachusetts, with operations supporting investors globally through a network of distribution channels in the United States and select international markets. In recent developments, the fund benefited from Eaton Vance's 2021 acquisition by Morgan Stanley, which expanded its research capabilities and distribution platform through integration with Morgan Stanley Investment Management's global resources; additionally, amid shifting market dynamics in 2024-2025, the fund adjusted its portfolio to capitalize on opportunities in high-yield sovereign and corporate debt amid rising U.S. interest rates and emerging market currency volatility, while maintaining a duration profile aligned with benchmark indices like the J.P. Morgan EMBI Global Diversified Index.