Eaton Vance Limited Duration Income Fund (EVV)

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Eaton Vance Limited Duration Income Fund (EVV) is an actively managed closed end fund. The fund’s objective is to provide high current income. This fixed income fund utilizes its assets to purchase a broad range of income asset classes with low duration strategy. The fund provides limited interest rate risk with an average duration of 2 and 5 years.

EVV Fund Profile

    Eaton Vance Limited Duration Income Fund (EVV)
  • Fund Inception Date: 05/30/2003
  • Ticker Symbol: EVV
  • CUSIP: 27828H105
  • Rank in category (2014): 77%
  • Category: Multi Sector Bond
  • Yield: 8.53%
  • Effective Leverage: 39.78%
  • Capital Gains: -
  • Premium/ Discount: -10.39%
  • Base Expense Ratio: 1.71%
  • Net Assets: $ 1.90 billion
  • Annual Turnover Rate: -
EV Limited Duration Income Fund is managed by team of Eaton Vance Management. This popular closed end fund has a high yield of 8.53%. This taxable bond fund has total annual expense ratio fee of 1.71%. The current share price is $14.31.

More: Eaton Vance Tax-Managed Global Fund (EXG)

EV Limited Duration Income Fund Return

Morningstar has ranked this multisector bond fund with 3 star and neutral rating. In 2014, the total 1 year return is 0.07%. It has returned 4.86% over the past 3 year, and 5.58% over the past 5 year. Fund performance is as follows:
  • Year 2014: 0.07%
  • Year 2013: -0.79%
  • Year 2012: 18.14%
  • Year 2011: 2.28%
  • Year 2010: 17.51%

EVV Fund Holdings

This EVV fund has 1,682 holdings in its portfolio. The top 4 asset allocations are senior loans (37.8%), non-investment grade bonds (31.8%), agency mortgage backed securities (18.9%), and commercial mortgage backed securities (6.9%). This fund has an average duration of 3.15 years. Top asset by country include United States (87%), Canada, Luxembourg, United Kingdom, and Netherland.

More: Putnam Diversified Income Trust (PDINX)

Pros:
  • This Eaton Vance Limited Duration Income Fund has low duration bonds in its portfolio.
  • It has a high yield for income.
Cons:
  • It may use leverage to enhance return or income.

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