Eaton Vance Global Income Builder Fund
EDIIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Boston, MA 02110 Boston MA United States of America 02110
- IPO Date
- Jan 31, 2006
- CIK
- 0000745463
- Website
- eatonvance.com
- Similar Companies
- Business
- Eaton Vance Global Income Builder Fund (EDIIX) is an open-end mutual fund that seeks total return through a global multi-asset strategy combining income generation and capital appreciation; it primarily invests in common stocks, preferred stocks and other hybrid securities, and fixed and floating-rate securities and other debt instruments of U.S. and foreign issuers, including below-investment-grade securities, under normal market conditions investing at least 30% of net assets in non-U.S. issuers across at least five countries, which may include emerging markets; the Fund may also obtain exposure to certain market segments through exchange-traded funds and futures, and it primarily invests in an affiliated investment company with identical objectives and policies while holding direct investments as well. The portfolio typically features U.S. common stocks (approximately 30%), foreign common stocks (33%), U.S. corporate bonds (22%), foreign corporate bonds (13%), floating-rate loans (2%), cash and preferred/convertible securities; top holdings include Microsoft Corp, Eli Lilly & Co, NVIDIA Corp and Alphabet Inc, with sector allocations emphasizing information technology, health care, financials and industrials, and credit quality skewed toward high-yield (BB and B ratings predominant). Launched on January 31, 2006, with Class I shares, the Fund is domiciled in the United States, managed by Eaton Vance Management, a division of Morgan Stanley Investment Management following Morgan Stanley's acquisition of Eaton Vance in March 2021, headquartered in Boston, Massachusetts, and available primarily to U.S. institutional investors with a $1 million minimum initial investment and net expense ratio of 0.92%; total net assets stand at approximately $279 million to $288 million, with monthly distributions and a distribution rate of 5.44%. Key portfolio managers include Christopher M. Dyer (since 2015), Jeffrey D. Mueller (since 2015) and Derek J.V. DiGregorio (since 2021), who oversee active management with 598 holdings, 108% turnover and characteristics such as average market cap of $587 billion, P/E ratio of 18.3 and duration of 1.1 years. Recent developments encompass ongoing integration within Morgan Stanley Investment Management post-2021 acquisition, continued monthly distributions through 2024 including $0.050 per share in November 2024, and sustained focus on high-yield global credit amid market volatility without major structural changes, new share classes or significant acquisitions reported in the last 1-2 years.