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Eaton Vance ILS holdings near $777 million; Jaffa allocation reported, Swiss Re top-up inferred

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Artemis reported that insurance-linked securities (ILS) funds, segregated accounts and reinsurance sidecars held through three Eaton Vance mutual fund strategies were valued at nearly $777 million on July 31, 2026. The outlet reported a new allocation of just over $40 million to Jaffa Capital Fund; its suggestion that Eaton Vance added to the Swiss Re Core Nat Cat Fund is an inference, not a confirmed transaction.

What the $777 million figure covers

The nearly $777 million is Artemis’s reported aggregate for ILS fund structures, segregated accounts and reinsurance sidecars held across Eaton Vance Global Opportunities, Global Macro and Global Macro Absolute Return Advantage. It is not the value of one standalone fund or a single position. Eaton Vance is part of Morgan Stanley Investment Management, according to Artemis.

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The latest holdings date in the report is July 31, 2026; Artemis published the report on October 5, 2026. The outlet said the positions represented 3.7% of Global Opportunities, 1.3% of Global Macro and 2% of Global Macro Absolute Return Advantage on the holdings date.

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How the reported total changed

Valuation date Reported value of tracked positions What the comparison shows
October 31, 2025 Just over $300 million Earlier reported value, per Artemis
April 30, 2026 Nearly $680 million Intermediate reported value, per Artemis
July 31, 2026 Nearly $777 million Artemis reported a 14% increase from April 30, 2026

Artemis also put the July positions’ current value at nearly $777 million against a cost of just over $647 million. Those are figures reported by the outlet; the available account does not establish an independent performance methodology. The difference should not be read as a realized return or as an investor’s gain.

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Reported positions and changes

Artemis listed the following positions as of July 31, 2026. The figures are reported position values, not comparable measures of risk: the holdings differ in structure and the table does not provide a common exposure or loss measure.

Position Reported value or change Structure or qualification reported by Artemis
Jaffa Capital Fund Just over $40 million in a new allocation Allocation from two Eaton Vance strategies; Jaffa invests in P&C reinsurance sidecars and private quota shares
Swiss Re Core Nat Cat Fund, under 1863 Fund Ltd. More than $147 million at July 31, up from just over $103 million at April 30 Artemis inferred an additional allocation because it judged the increase too large to be explained by returns alone; no confirmed transaction is established
Beacon RE $92.8 million Position value reported for July 31
PartnerRe reinsurance sidecar $119 million Position value reported for July 31
QBE’s George Street Re Almost $63.7 million Casualty sidecar
Mt. Logan Re Over $153 million Everest-parented position
PartnerRe ILS Fund SAC Ltd. Almost $77 million Position value reported for July 31
Arch Capital’s Voussoir Re A little over $74 million Position value reported for July 31
Munich Re Eden Re II Just under $10 million at July 31, down from $68 million in October 2025 Artemis said the strategy was shuttered earlier in 2026
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What the allocation figures do—and do not—tell investors

Artemis characterized the reported holdings as a small part of the three multi-billion-dollar strategies and as spread across multiple funds, segregated accounts and sidecars. That describes the reported mix; it does not establish that the positions are diversified against every loss scenario or indicate how they may perform in future.

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The strategy percentages provide a sense of scale within each portfolio, but the report does not supply position-by-position allocations to each strategy. Nor does a dollar value alone show the risk attached to a sidecar, quota share or ILS fund interest. The positions described are institutional investment structures; the report does not establish that individual retail investors can buy those interests directly.

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An SEC-filed Eaton Vance Mutual Funds Trust semi-annual report dated June 30, 2026 advises investors to consider a fund’s investment objective, risks, charges and expenses and to read its prospectus carefully. That is general mutual-fund guidance, not independent confirmation of the July 31 ILS holdings or a risk assessment of these specific positions.

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Eaton VanceILSinsurance-linked securitiesJaffa Capital Fundreinsurance sidecarsSwiss Re

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