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EELDX

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Analysis and statistics

  • Open
    8.2297$
  • Previous Close
    8.2297$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

EELDX.US represents the Eaton Vance Emerging Markets Local Income Fund Class A. This mutual fund seeks to maximize current income, consistent with prudent investment management, by investing primarily in emerging market debt securities denominated in local currencies. It typically invests at least 80% of its net assets in emerging market debt securities and at least 70% in securities denominated in emerging market currencies. The fund's performance is influenced by factors such as currency fluctuations, interest rate movements, and the economic and political stability of emerging market countries. Investors should be aware of the heightened risks associated with investing in emerging markets, including currency risk and political risk.

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Factors

[Net Asset Value (NAV)]: EELDX's price directly reflects its NAV, calculated from underlying holdings.

[Emerging Market Performance]: As an emerging market fund, EELDX's value is tied to the performance of emerging economies.

[Currency Fluctuations]: Changes in currency exchange rates between the USD and emerging market currencies impact returns.

[Interest Rate Changes]: Interest rate hikes or cuts in emerging markets affect the valuations of companies held in EELDX.

[Political and Economic Instability]: Political unrest or economic downturns within emerging markets can lower prices.

[Investor Sentiment]: Positive or negative sentiment towards emerging markets influences buying and selling pressure, impacting price.

[Fund Flows]: Large inflows increase demand and potentially price, while outflows can pressure it downward.

[Management Fees and Expenses]: Higher fees can slightly reduce overall returns and impact the appeal.

[Global Economic Conditions]: Global recessions or expansions affect emerging markets and EELDX's performance.

[Commodity Prices]: As some emerging markets are commodity-dependent, fluctuations in commodity prices affect EELDX.

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