ERAMX — Eaton Vance Multi-Asset Credit Fund
Data updated: 2026-09-29
ERAMX — Eaton Vance Multi-Asset Credit Fund. Intermediate Corporate Bond · $501.39M AUM · 0.67% expense ratio. Holdings, fees, performance and SEC filings.
ERAMX Fund Overview
ERAMX — Eaton Vance Multi-Asset Credit Fund is a US mutual fund managed by Eaton Vance Mutual Funds Trust, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Eaton Vance Mutual Funds Trust
- Category: Intermediate Corporate Bond
- Assets under management: $501.39M
- 1-year return: 6.6%
- Ticker: ERAMX
- SEC CIK: 0000745463
- SEC series ID: S000033949
- Share class ID: C000215014
ERAMX Investment Objective and Strategy
Eaton Vance Multi-Asset Credit Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Eaton Vance Mutual Funds Trust.
Investment objective
The Funds investment objective is to seek total return.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in credit-related investments (the 80% Policy). For purposes of this 80% Policy, credit-related investments are fixed income, variable rate, and floating-rate debt investments as well as derivatives that provide exposure to such investments. The Fund expects to invest at least 60% of its net assets in corporate credit instruments (high yield bonds and floating-rate loans) rated below investment grade (i.e., rated lower than BBB by S&P Global Ratings (S&P) or by Fitch Ratings (Fitch) or lower than Baa by Moodys Investors Service, Inc. (Moodys)) or unrated and of comparable quality as determined by the investment adviser. Securities and other instruments rated below investment grade are also known as junk.
The Fund may invest no more than 25% of its total assets in securities or instruments rated lower than B- by S&P or lower than B3 by Moodys or by Fitch. For purposes of rating restrictions, if an instrument is rated differently by two or more rating agencies, the highest rating is used. The Fund may invest in debt instruments of U.S. and non-U.S. issuers (including those located in emerging markets), including corporate bonds and other fixed or floating-rate securities, senior and junior loans, U.S. Government securities, commercial paper, mortgage-related securities (including commercial mortgage-backed securities, mortgage dollar rolls and collateralized mortgage obligations) and other asset-backed securities (including collateralized loan and debt obligations), zero-coupon securities, when-issued securities, forward commitments, repurchase agreements, reverse repurchase agreements, foreign debt securities, sovereign debt, obligations of supranational entities, structured notes, municipal obligations, private placements, inflation-indexed bonds and convertible securities and other hybrid securities.
The Fund intends to seek to hedge the currency risk associated with its investments in foreign securities. The Fund may invest in debt instruments of any maturity. The Fund may invest in preferred stock and may own other equity securities that are part of a financial restructuring of a Fund investment. The Fund may invest in exchange traded funds (ETFs), a type of pooled investment vehicle, in order to manage cash positions or seek exposure to certain markets or market sectors. The Fund may invest in certain ETFs beyond the limits under the Investment Company Act of 1940 (the 1940 Act), subject to certain terms and conditions. The Fund may use derivatives to seek to enhance total return; to hedge against fluctuations in securities prices, interest rates or currency exchange rates; to change the effective duration of its portfolio; to manage certain investment risks; and/or as a substitute for the purchase or sale of securities or currencies.
The Fund may engage in futures, options on futures contracts, forward foreign currency exchange contracts, interest rate swaps, credit default swaps and total return swaps. There is no stated limit on the Funds use of derivatives. The Fund expects to invest in derivatives primarily to hedge currency exposure through the use of forward foreign currency exchange contracts and futures contracts. The Fund may also use derivative instruments for cash management purposes or to gain long exposure to single issuers or the broader market. In managing the Fund, the investment adviser will employ top-down asset allocation based risk factor analysis, coupled with a bottom-up research driven approach. This top-down analysis includes macro-economic, fundamental and valuation analysis to determine the regional, asset, sector and duration positioning which the portfolio management team believes offers strong forward looking risk adjusted returns over a market cycle.
This includes analyzing not just a base case but potential upside and downside skew in an investment. The bottom-up security selection emphasizes the financial strength of issuers, current interest rates, current valuations, the interest rate sensitivity of investments and the investment advisers interest rate expectations, the stability and volatility of a countrys bond markets, and expectations regarding general trends in global economies and currencies. Investments are selected on the basis of the investment adviser's internal research and ongoing credit analysis. The investment adviser monitors the credit quality and price of the securities and other eligible investments for the Fund. Although the investment adviser considers ratings when making investment decisions, it performs its own credit and investment analysis and does not rely primarily on the ratings assigned by the rating services.
In evaluating the quality of particular securities, whether rated or unrated, the investment adviser will normally take into consideration, among other things, the issuers financial resources and operating history, its sensitivity to economic conditions and trends, the ability of its management, its debt maturity schedules and borrowing requirements, and relative values based on anticipated cash flow, interest and asset coverage, and earnings prospects. The investment adviser generally selects individual securities with an investment horizon of two to ten years. The investment adviser will also consider how purchasing or selling an investment would impact the overall portfolios risk profile (for example, its sensitivity to currency risk, interest rate risk and sector-specific risk) and potential return (income and capital gains).
ERAMX Holdings
Top 10 holdings of Eaton Vance Multi-Asset Credit Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Morgan Stanley & Co. LLC | 2.77% |
| Beach Acquisition Bidco | 0.53% |
| Allwyn Entertainment Fin | 0.50% |
| RR Ltd | 0.50% |
| Sunoco LP | 0.48% |
| Athenahealth Group, Inc. | 0.46% |
| Fidus Re Ltd. | 0.45% |
| Virgin Media Secured Fin | 0.43% |
| Sirius Logistics | 0.40% |
| PetSmart Inc | 0.40% |
ERAMX Portfolio Allocation
Asset-class allocation of Eaton Vance Multi-Asset Credit Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 42.4% |
| Loans | 32.9% |
| Securitized | 22.3% |
| Cash & Equivalents | 3.0% |
| Equity | 0.6% |
ERAMX Performance
Total returns for ERAMX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.8% |
| 1 year | 6.6% |
| 3 years (annualised) | 7.7% |
| 5 years (annualised) | 4.6% |
ERAMX Risk Information
Risk metrics for ERAMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.1%
ERAMX Costs and Fees
ERAMX costs about $67 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.67%
- Gross expense ratio: 0.67%
- Portfolio turnover: 58%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
ERAMX Cashflows
Over the 12 months to 2026-04, Eaton Vance Multi-Asset Credit Fund had net outflows of $1.76M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $481.07K |
| 2026-03 | $177.25K |
| 2026-02 | −$1.68M |
| 2026-01 | −$315.47K |
| 2025-12 | $1.33M |
| 2025-11 | $1.97M |
ERAMX Debt Constituents
Largest debt holdings of Eaton Vance Multi-Asset Credit Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Beach Acquisition Bidco | 0.53% |
| Allwyn Entertainment Fin | 0.50% |
| Sunoco LP | 0.48% |
| Athenahealth Group, Inc. | 0.46% |
| Fidus Re Ltd. | 0.45% |
| Virgin Media Secured Fin | 0.43% |
| Ineos Finance PLC | 0.38% |
| Cloud Software Grp LLC | 0.38% |
| Edge Finco PLC | 0.36% |
| Clydesdale Acquisition | 0.35% |
ERAMX Prospectus and SEC Filings
Official Eaton Vance Multi-Asset Credit Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-26
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus (485BPOS) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-24
- Portfolio holdings (N-PORT) — filed 2026-03-31
- Annual census (N-CEN) — filed 2026-01-13
- Annual census (N-CEN) — filed 2025-01-14
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.