Eaton Vance Global Macro Absolute Return Advantage Fund Class R EGRRX 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. The fund is non-diversified.