Overview
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| Annualized | |||||||
| 1 Mo. | 3 Mos. | YTD | 1 Yr. | 3 Yrs. | 5 Yrs. | 10 Yrs. | |
| 11/30/2024 | |||||||
|---|---|---|---|---|---|---|---|
| Fund at NAV | 1.04 | 0.00 | 4.23 | 8.12 | -1.40 | 0.91 | 1.98 |
| Bloomberg U.S. Aggregate Bond Index1 | 1.06 | -0.13 | 2.93 | 6.88 | -1.95 | -0.01 | 1.52 |
| 09/30/2024 | |||||||
| Fund at NAV | 1.39 | 5.41 | 5.68 | 12.87 | -0.92 | 1.26 | 2.27 |
| Bloomberg U.S. Aggregate Bond Index1 | 1.34 | 5.20 | 4.45 | 11.57 | -1.39 | 0.33 | 1.84 |
| Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. The share class has no sales charge. | |||||||
| Class I Inception | 03/21/2007 |
| Performance Inception | 03/07/2000 |
| Investment Objective | Current income |
| Total Net Assets | $212.9M |
| Total Net Assets of Portfolio2 | |
| Minimum Investment | $1000000 |
| Expense Ratio (Gross)3 | 0.60% |
| Expense Ratio (Net)3,4 | 0.49% |
| CUSIP | 277905618 |
| FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE | 10.03 |
| Fannie Mae or Freddie Mac | 6.68 |
| United States Treasury Note/Bond | 3.23 |
| United States Treasury Note/Bond | 2.92 |
| United States Treasury Note/Bond | 2.21 |
| United States Treasury Note/Bond | 2.10 |
| United States Treasury Bill | 2.07 |
| United States Treasury Bill | 2.06 |
| Fannie Mae or Freddie Mac | 2.04 |
| Bank of America Corp | 1.00 |
| Total | 34.35 |
| Time Period | Rating | Funds in Intermediate Core Bond Category |
| Overall | 431 | |
| 3 Years | 431 | |
| 5 Years | 386 | |
| 10 Years | 271 | |
| The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds and exchange-traded funds) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Star ratings do not reflect the effect of any applicable sales load. Hollow stars denote Morningstar Extended Performance Ratings and are considered estimates based on the performance of the fund's oldest share class, adjusted for fees and expenses. ©2024 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. |
| Vishal Khanduja, CFA | Managed Fund since 2017 | ||
| Brian S. Ellis, CFA | Managed Fund since 2017 |
Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.
RISK CONSIDERATIONS
The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. As interest rates rise, the value of certain income investments is likely to decline. Mortgage-backed securities are subject to credit, interest rate, prepayment and extension risk. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Contractual restrictions may impede the Fund's ability to buy or sell loans and loans may be subject to an extended settlement process. U.S. Treasury securities generally have a lower return than other obligations because of their higher credit quality and market liquidity. While certain U.S. Government-sponsored agencies may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Treasury. Mortgage- and asset-backed securities are subject to credit, interest rate, prepayment and extension risk. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.
See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.
Performance
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|
|||||||
| Annualized | |||||||
| 1 Mo. | 3 Mos. | YTD | 1 Yr. | 3 Yrs. | 5 Yrs. | 10 Yrs. | |
| 11/30/2024 | |||||||
|---|---|---|---|---|---|---|---|
| Fund at NAV | 1.04 | 0.00 | 4.23 | 8.12 | -1.40 | 0.91 | 1.98 |
| Bloomberg U.S. Aggregate Bond Index1 | 1.06 | -0.13 | 2.93 | 6.88 | -1.95 | -0.01 | 1.52 |
| 09/30/2024 | |||||||
| Fund at NAV | 1.39 | 5.41 | 5.68 | 12.87 | -0.92 | 1.26 | 2.27 |
| Bloomberg U.S. Aggregate Bond Index1 | 1.34 | 5.20 | 4.45 | 11.57 | -1.39 | 0.33 | 1.84 |
| Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. The share class has no sales charge. | |||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Fund at NAV | 5.27 | 0.04 | 2.73 | 4.47 | -0.50 | 9.29 | 8.16 | 0.71 | -13.13 | 6.08 |
| Bloomberg U.S. Aggregate Bond Index1 | 5.97 | 0.55 | 2.65 | 3.54 | 0.01 | 8.72 | 7.51 | -1.54 | -13.01 | 5.53 |
| Class I Inception | 03/21/2007 |
| Performance Inception | 03/07/2000 |
| Expense Ratio (Gross)3 | 0.60% |
| Expense Ratio (Net)3,4 | 0.49% |
| Distribution Frequency | Monthly |
| Distribution Rate at NAV | 4.05% |
| Subsidized SEC 30-day Yield | 4.61% |
| Unsubsidized SEC 30-day Yield | 4.51% |
| Time Period | Rating | Funds in Intermediate Core Bond Category |
| Overall | 431 | |
| 3 Years | 431 | |
| 5 Years | 386 | |
| 10 Years | 271 | |
| The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds and exchange-traded funds) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Star ratings do not reflect the effect of any applicable sales load. Hollow stars denote Morningstar Extended Performance Ratings and are considered estimates based on the performance of the fund's oldest share class, adjusted for fees and expenses. ©2024 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. |
| Date | NAV | NAV Change |
| Dec 20, 2024 | $8.46 | $0.02 |
| Dec 19, 2024 | $8.44 | -$0.03 |
| Dec 18, 2024 | $8.47 | -$0.05 |
| Dec 17, 2024 | $8.52 | -$0.01 |
| Dec 16, 2024 | $8.53 | $0.01 |
| Dec 13, 2024 | $8.52 | -$0.03 |
| Dec 12, 2024 | $8.55 | -$0.03 |
| Dec 11, 2024 | $8.58 | -$0.02 |
| Dec 10, 2024 | $8.60 | -$0.01 |
| Dec 09, 2024 | $8.61 | -$0.02 |
| Ex-Date | Distribution | Reinvest NAV |
| Nov 29, 2024 | $0.02854 | $8.59 |
| Oct 31, 2024 | $0.03043 | $8.53 |
| Sep 30, 2024 | $0.03101 | $8.77 |
| Aug 30, 2024 | $0.03034 | $8.68 |
| Jul 31, 2024 | $0.03213 | $8.58 |
| Jun 28, 2024 | $0.03234 | $8.41 |
| May 31, 2024 | $0.03004 | $8.37 |
| Apr 30, 2024 | $0.02865 | $8.25 |
| Mar 28, 2024 | $0.02986 | $8.47 |
| Feb 29, 2024 | $0.03033 | $8.42 |
| View All | ||
| No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years. Fund prospectus |
| Ex-Date | Short-Term | Long-Term | Reinvest NAV |
| Dec 06, 2022 | $0.01260 | ||
| No records in this table indicates that there has not been a capital gain greater than .0001 within the past 3 years. Fund prospectus |
Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.
RISK CONSIDERATIONS
The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. As interest rates rise, the value of certain income investments is likely to decline. Mortgage-backed securities are subject to credit, interest rate, prepayment and extension risk. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Contractual restrictions may impede the Fund's ability to buy or sell loans and loans may be subject to an extended settlement process. U.S. Treasury securities generally have a lower return than other obligations because of their higher credit quality and market liquidity. While certain U.S. Government-sponsored agencies may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Treasury. Mortgage- and asset-backed securities are subject to credit, interest rate, prepayment and extension risk. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.
See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.
Portfolio
|
|
|
| Treasuries | 27.56 |
| Investment Grade Credit | 29.45 |
| MBS | 30.69 |
| ABS | 11.82 |
| CMBS | 9.64 |
| High Yield | 0.47 |
| Government Related | 0.19 |
| Equity | 0.32 |
| Municipals | 0.35 |
| Bank Loan | 0.00 |
| Cash & Equivalents | -10.50 |
| Number of Holdings | 327 |
| Average Coupon | 4.17% |
| Average Maturity | 5.63 yrs. |
| Effective Duration | 5.61 yrs. |
| Average Price | $96.82 |
|
|
|
| AAA | 65.87 |
| AA | 5.38 |
| A | 13.68 |
| BBB | 19.29 |
| BB | 0.83 |
| B | 1.00 |
| CCC or Lower | 0.18 |
| Not Rated | 4.57 |
| Cash & Equivalents | -10.79 |
| Ratings are based on Moody’s, S&P or Fitch, or Kroll for securitized debt instruments only (such as asset-backed securities and mortgage-backed securities), as applicable. If securities are rated differently by the ratings agencies, the highest rating is applied. Ratings, which are subject to change, apply to the creditworthiness of the issuers of the underlying securities and not to the Fund or its shares. Credit ratings measure the quality of an issuance based on the issuer’s creditworthiness, with ratings ranging from AAA, being the highest, to D, being the lowest based on S&P’s measures. Ratings of BBB or higher by S&P, Fitch or Kroll (Baa or higher by Moody’s) are considered to be investment-grade quality. Credit ratings are based largely on the ratings agency’s analysis at the time of rating. The rating assigned to any particular security is not necessarily a reflection of the issuer’s current financial condition and does not necessarily reflect its assessment of the volatility of a security’s market value or of the liquidity of an investment in the security. Holdings designated as “Not Rated” are not rated by the national ratings agencies stated above. |
|
|
|
| Less Than 1 Year | 21.23 |
| 1 To 3 Years | 25.43 |
| 3 To 5 Years | 12.14 |
| 5 To 10 Years | 31.12 |
| 10 To 20 Years | 5.27 |
| 20 To 30 Years | 3.62 |
| More Than 30 Years | 1.19 |
| Total | 100.00 |
| < 1 | -0.39 |
| 1 - 3 | 42.31 |
| 3 - 5 | 31.75 |
| 5 - 7 | 9.60 |
| 7 - 10 | 8.32 |
| 10 - 20 | 8.14 |
| Holding | Coupon Rate | Maturity Date | % of Net Assets |
| Fannie Mae or Freddie Mac | 5.50% | 11/01/2053 | 8.36% |
| Fannie Mae or Freddie Mac | 5.00% | 11/01/2054 | 5.54% |
| MSILF GOVERNMENT PORTFOLIO MSILF GOVERNMENT PORTFOLIO | 4.76% | 12/31/2030 | 4.84% |
| United States Treasury Note/Bond | 0.38% | 12/31/2025 | 2.73% |
| United States Treasury Note/Bond | 0.50% | 02/28/2026 | 2.46% |
| United States Treasury Note/Bond | 1.88% | 02/28/2027 | 1.85% |
| United States Treasury Note/Bond | 2.75% | 04/30/2027 | 1.76% |
| United States Treasury Bill | 0.00% | 11/14/2024 | 1.75% |
| United States Treasury Bill | 0.00% | 11/07/2024 | 1.75% |
| Fannie Mae or Freddie Mac | 4.50% | 11/01/2054 | 1.66% |
| View All |
Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.
RISK CONSIDERATIONS
The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. As interest rates rise, the value of certain income investments is likely to decline. Mortgage-backed securities are subject to credit, interest rate, prepayment and extension risk. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Contractual restrictions may impede the Fund's ability to buy or sell loans and loans may be subject to an extended settlement process. U.S. Treasury securities generally have a lower return than other obligations because of their higher credit quality and market liquidity. While certain U.S. Government-sponsored agencies may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Treasury. Mortgage- and asset-backed securities are subject to credit, interest rate, prepayment and extension risk. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.
See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.
Management
Vishal Khanduja, CFA
Co-Head, Broad Markets Fixed Income, Portfolio Manager
Joined Eaton Vance 2016
Biography
Vishal is a managing director of Morgan Stanley Investment Management, Co-Head of the Broad Markets Fixed Income team and a portfolio manager. He is responsible for buy and sell decisions and portfolio construction. He joined Calvert Research and Management's predecessor organization Calvert Investment Management in 2012. Eaton Vance acquired Calvert Investment Management in 2016. Morgan Stanley acquired Eaton Vance in March 2021.
Vishal began his career in the investment management industry in 2005. Before joining Eaton Vance, he was a senior vice president, portfolio manager and head of taxable fixed income for Calvert Investments. Previously, he was a vice president and portfolio manager at Columbia Threadneedle and associate director of fixed-income analytics at Galliard Capital.
Vishal earned a bachelor of engineering from VJTI, Mumbai, India and an MBA from the Tippie School of Management at the University of Iowa. He is a member of the CFA Institute and CFA Society Boston. He is a CFA charterholder.
Education
- B.Eng. Veermata Jijabai Technological Institute, Mumbai
- M.B.A. Tippie School of Management, University of Iowa
Experience
- Managed Fund since 2017
Other funds managed
Brian S. Ellis, CFA
Managing Director, Portfolio Manager
Joined Eaton Vance 2016
Biography
Brian is a managing director of Morgan Stanley Investment Management and a portfolio manager on the Broad Markets Fixed Income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm's Broad Markets strategies, including Calvert Research and Management Multi-Sector strategies. He joined Calvert Research and Management's predecessor organization Calvert Investment Management in 2009. Eaton Vance acquired Calvert Investment Management in 2016. Morgan Stanley acquired Eaton Vance in March 2021.
Brian began his career in the investment management industry in 2006. Before joining Eaton Vance, he worked as a portfolio manager of fixed-income strategies for Calvert Investments. He was previously affiliated with Legg Mason Capital Management (now ClearBridge Investments).
Brian earned a B.S. in finance from Salisbury University. He is a CFA charterholder and an FSA credential holder. He is a member of the CFA Institute and the CFA Society Boston.
Education
- B.S. Salisbury University
Experience
- Managed Fund since 2017
Other funds managed
Literature
Literature
Fact Sheet
Download Fact Sheet - Last updated: Sep 30, 2024
Annual Financial Statements and Add'l Information
Semi-Annual Financial Statements and Add'l Information
Download Semi-Annual Financial Statements and Add'l Information
