Overview

Historical Returns (%) as of Sep 30, 2024

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, 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. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than or equal to one year is cumulative. Fund performance during certain periods reflects the strong loan market performance and the Fund’s use of leverage during those periods. This performance is not typical and may not be repeated.
 

Distribution Rates1

as of Nov 20, 2024
Distribution Rate at NAV 9.05%
Distribution Rate at Market Price 9.48%
 

Fund Facts as of Oct 31, 2024

Performance Inception 05/30/2003
Investment Objective High current income
Total Net Assets $1.2B
CUSIP 27828H105

Expense Ratios (%)2

as of Annual Report dated 03/31/2024
Management Fees 1.10
Other Expenses 0.17
Total Expenses (ex Interest and Fee Expense) 1.27
Interest and Fee Expense 2.09
Total Expenses 3.36
 

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Performance

Historical Returns (%) as of Sep 30, 2024

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, 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. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than or equal to one year is cumulative. Fund performance during certain periods reflects the strong loan market performance and the Fund’s use of leverage during those periods. This performance is not typical and may not be repeated.
 

Calendar Year Returns (%)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund at NAV 3.77 -0.62 14.53 6.73 -1.04 12.08 5.00 5.38 -11.39 14.04
Market Price 0.06 -1.20 17.35 6.76 -6.08 18.82 4.87 14.60 -19.74 13.31
 

Fund Facts

Performance Inception 05/30/2003
 

Distribution Rates1

as of Nov 20, 2024
Distribution Rate at NAV 9.05%
Distribution Rate at Market Price 9.48%
 

Distribution History3,4

Ex-Date Distribution Reinvest Price
Nov 11, 2024 $0.07910
Oct 11, 2024 $0.08090 $10.36
Sep 13, 2024 $0.08060
Aug 12, 2024 $0.08010
Jul 11, 2024 $0.07910
Jun 13, 2024 $0.07870
May 10, 2024 $0.07820
Apr 10, 2024 $0.07970
Mar 08, 2024 $0.07920
Feb 12, 2024 $0.08010
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
 

Tax Character of Distributions

Ordinary Dividends    
Non-Qualified Qualified Total Capital Gain Distributions Nondividend Distributions Total Distributions
Distributions ($)
2023 $0.54 $0.00 $0.54 $0.00 $0.46 $1.00
2022 $0.68 $0.00 $0.68 $0.00 $0.52 $1.20
2021 $0.76 $0.03 $0.79 $0.00 $0.41 $1.20
2020 $1.02 $0.00 $1.02 $0.00 $0.18 $1.20
2019 $0.85 $0.00 $0.85 $0.00 $0.00 $0.85
2018 $0.78 $0.00 $0.78 $0.00 $0.15 $0.93
2017 $0.85 $0.01 $0.87 $0.00 $0.12 $0.99
2016 $1.03 $0.02 $1.05 $0.00 $0.11 $1.16
2015 $1.18 $0.02 $1.20 $0.00 $0.02 $1.22
2014 $1.16 $0.02 $1.18 $0.00 $0.04 $1.22
2013 $1.18 $0.01 $1.19 $0.00 $0.03 $1.22
2012 $1.21 $0.00 $1.21 $0.00 $0.04 $1.25
2011 $1.12 $0.00 $1.12 $0.00 $0.05 $1.17
2010 $1.39 $0.00 $1.39 $0.00 $0.00 $1.39
2009 $1.41 $0.00 $1.41 $0.00 $0.02 $1.43
2008 $1.31 $0.00 $1.31 $0.00 $0.00 $1.31
2007 $1.51 $0.00 $1.51 $0.00 $0.00 $1.51
2006 $1.51 $0.00 $1.51 $0.00 $0.00 $1.51
2005 $1.53 $0.00 $1.53 $0.00 $0.00 $1.53
Distributions (%)
2023 53.53% 0.00% 53.53% 0.00% 46.47% 100.00%
2022 56.71% 0.06% 56.76% 0.00% 43.24% 100.00%
2021 63.22% 2.57% 65.79% 0.00% 34.21% 100.00%
2020 85.03% 0.00% 85.03% 0.00% 14.97% 100.00%
2019 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2018 84.47% 0.00% 84.47% 0.00% 15.53% 100.00%
2017 86.55% 1.30% 87.85% 0.00% 12.15% 100.00%
2016 89.04% 1.65% 90.69% 0.00% 9.31% 100.00%
2015 96.98% 1.10% 98.08% 0.00% 1.92% 100.00%
2014 95.25% 1.31% 96.56% 0.00% 3.44% 100.00%
2013 96.95% 0.37% 97.32% 0.00% 2.68% 100.00%
2012 96.55% 0.00% 96.55% 0.00% 3.45% 100.00%
2011 95.30% 0.00% 95.30% 0.00% 4.70% 100.00%
2010 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2009 98.38% 0.00% 98.38% 0.00% 1.62% 100.00%
2008 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2007 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2006 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2005 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Portfolio

Fund Holdings5,6 as of Sep 30, 2024

Holding Coupon Rate Maturity Date % of Net Assets
MSILF GOVERNMENT PORTFOLIO MSILF GOVERNMENT PORTFOLIO 4.80% 12/31/2030 6.97%
Fannie Mae or Freddie Mac 6.00% 10/01/2053 4.95%
Freddie Mac Pool - SD8239 5.00% 08/01/2052 3.15%
Freddie Mac REMICS 6.00% 05/25/2054 3.03%
Government National Mortgage Association 6.50% 11/20/2053 2.51%
FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE 5.50% 10/15/2054 2.05%
BlackRock Corporate High Yield Fund Inc 0.00% 1.76%
Freddie Mac REMICS 6.00% 06/25/2054 1.31%
Ginnie Mae II Pool - MA9853 6.50% 08/20/2054 1.22%
Ginnie Mae II Pool - CF0670 5.00% 06/20/2052 1.12%
View All

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Management

Catherine McDermott

Managing Director, Portfolio Manager
Joined Eaton Vance 2000

Biography

Catherine McDermott is a Portfolio Manager on the Floating-Rate Loan team. She is responsible for buy and sell decisions, portfolio construction and risk management for the firm's floating-rate loan strategies. Her focus is primarily on the automotive industry in addition to casinos, general industrial, theaters, packaging and consumer products. She joined Eaton Vance in 2000. Morgan Stanley acquired Eaton Vance in March 2021.

Catherine began her career in the investment management industry in 1988. Before joining Eaton Vance, she was a principal at Cypress Tree Investment Management and a vice president of corporate underwriting and research at Financial Security Assurance Inc.

Catherine earned a B.A., summa cum laude, from Boston College.

Education
  • B.A. Boston College

Experience
  • Managed Fund since 2008

 
Andrew Szczurowski, CFA

Andrew Szczurowski, CFA

Managing Director, Co-Head of Mortgage & Securitized
Joined Eaton Vance 2007

Biography

Andrew Szczurowski is Co-Head of the Mortgage and Securitized investment team and a portfolio manager on Mortgage and Securitized investment team. He joined Eaton Vance in 2007. Morgan Stanley acquired Eaton Vance in March 2021. Previously at Eaton Vance, he was a portfolio manager on Eaton Vance's Global Income team, responsible for buy and sell decisions, portfolio construction, and risk management for the firm's mortgage-backed strategies.

Andrew began his career in the investment industry in 2005. Before joining Eaton Vance, he was affiliated with BNY Mellon. Andrew earned a B.S., cum laude, from the Peter T. Paul College of Business and Economics at the University of New Hampshire. He holds the Chartered Financial Analyst designation and is a member of the CFA Society Boston.

Education
  • B.S. University of New Hampshire

Experience
  • Managed Fund since 2011

 
Kelley Gerrity

Kelley Gerrity

Managing Director, Portfolio Manager

Biography

Kelley Gerrity is a portfolio manager on the High Yield team. She is responsible for buy and sell decisions, portfolio construction and risk management for the firm's high yield strategies. She joined Eaton Vance in 2005. Morgan Stanley acquired Eaton Vance in March 2021.

Kelley began her career in the investment management industry in 2000. Before joining Eaton Vance, she was the director of high-yield distressed research at Fieldstone Capital Group. Previously, she was associate director of fixed-income research at Scotia Capital Markets, Inc.

Kelley earned a B.A. from Boston College and a certificate in credit analysis from New York University.

Education
  • B.A. Boston College

Experience
  • Managed Fund since 2019

 

Tara O'Brien

Executive Director
Joined Eaton Vance in 2007

Biography

Tara is an executive director of Morgan Stanley Investment Management and portfolio manager on the mortgage-backed securities (MBS) team. She is responsible for buy and sell decisions, portfolio construction and risk management.

Tara began her career in the investment management industry in 2007 with Eaton Vance. Morgan Stanley acquired Eaton Vance in March 2021.

Tara earned a B.A. from Baldwin Wallace University.

Education
  • BA Baldwin Wallace University

Experience
  • Managed Fund since 2023

 

Bo Hunt

Managing Director, Portfolio Manager
Joined Eaton Vance in 2016

Biography

Bo Hunt is a portfolio manager at the Fund's sub-adviser, Morgan Stanley Investment Management Ltd., and a member of the High Yield team. He is responsible for buy and sell decisions, portfolio construction, and risk management for the team's European and global high-yield strategies.

Bo began his career in the investment industry in 2002. He joined Eaton Vance in 2016. Morgan Stanley acquired Eaton Vance in March 2021. Previously, he was a credit analyst at Fidelity International in London and a distressed debt analyst at Bank of America Merrill Lynch.

Bo earned a B.S. in economics from the Wharton School at the University of Pennsylvania.

Education
  • BS Wharton School at the University of Pennsylvania

Experience
  • Managed Fund since 2024

 

Literature

Literature

Fact Sheet

Download Fact Sheet - Last updated: Sep 30, 2024

Report of Organizational Actions Affecting Basis of Securities

Download Report of Organizational Actions Affecting Basis of Securities - Last updated: May 5, 2021

Report of Organizational Actions Affecting Basis of Securities

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Annual Report

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Q1 Holdings

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Q3 Holdings

Download Q3 Holdings

Holdings - Form N-PORT

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Return of Capital Distributions Demystified

Download Return of Capital Distributions Demystified - Last updated: Mar 7, 2024

Information Concerning APS Auctions and Dividend Rates

Download Information Concerning APS Auctions and Dividend Rates - Last updated: Nov 20, 2024

Auction Preferred Shares Market Update

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Eaton Vance Announces Upcoming Retirement of Payson F. Swaffield

Download Eaton Vance Announces Upcoming Retirement of Payson F. Swaffield - Last updated: Apr 30, 2020

Eric A. Stein to Join Portfolio Management Team of Eaton Vance Limited Duration Income Fund and Eaton Vance Short Duration Diversified Income Fund

Download Eric A. Stein to Join Portfolio Management Team of Eaton Vance Limited Duration Income Fund and Eaton Vance Short Duration Diversified Income Fund - Last updated: Nov 27, 2012

Trustees of Eaton Vance Limited Duration Income Fund Approve Change in Investment Policies

Download Trustees of Eaton Vance Limited Duration Income Fund Approve Change in Investment Policies - Last updated: Mar 17, 2011

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Nov 1, 2024

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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UNII Report

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Sep 3, 2024

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Sep 1, 2023

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: Jul 3, 2023

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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Eaton Vance Limited Duration Income Fund Announces Telephonic Annual Meeting of Shareholders On February 11, 2021

Download Eaton Vance Limited Duration Income Fund Announces Telephonic Annual Meeting of Shareholders On February 11, 2021 - Last updated: Jan 28, 2021

Corrected Results of Joint Special Shareholder Meeting of Certain Eaton Vance Closed-End Funds

Download Corrected Results of Joint Special Shareholder Meeting of Certain Eaton Vance Closed-End Funds - Last updated: Jan 12, 2021

Results of Joint Special Shareholder Meeting of Certain Eaton Vance Closed-End Funds

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UNII Report

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Certain Eaton Vance Closed-End Funds Joint Special Meeting of Shareholders on January 7, 2021 Will Be a Virtual Meeting

Download Certain Eaton Vance Closed-End Funds Joint Special Meeting of Shareholders on January 7, 2021 Will Be a Virtual Meeting - Last updated: Dec 23, 2020

UNII Report

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Eaton Vance Closed-End Funds Announce Board Approval of New Investment Advisory and Sub-Advisory Agreements

Download Eaton Vance Closed-End Funds Announce Board Approval of New Investment Advisory and Sub-Advisory Agreements - Last updated: Nov 10, 2020

UNII Report

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Eaton Vance Closed-End Funds Announce Record and Meeting Dates For Joint Special Meeting of Shareholders

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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Eaton Vance Limited Duration Income Fund Releases Results of Annual Shareholder Meeting

Download Eaton Vance Limited Duration Income Fund Releases Results of Annual Shareholder Meeting - Last updated: Jan 22, 2020

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds and Portfolio Managers of Eaton Have High Income 2021 Target Term Trust (NYSE: EHT)

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds and Portfolio Managers of Eaton Have High Income 2021 Target Term Trust (NYSE: EHT) - Last updated: Jan 2, 2020

UNII Report

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UNII Report

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UNII Report

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Eaton Vance Limited Duration Income Fund Announces Increase in Distribution

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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Eaton Vance Management Announces Portfolio Management Teams for Certain Closed-End Funds

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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Eaton Vance Closed-End Funds Announce Final Results of Auction Preferred Shares Tender Offers

Download Eaton Vance Closed-End Funds Announce Final Results of Auction Preferred Shares Tender Offers - Last updated: Sep 14, 2018

UNII Report

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Eaton Vance Closed-End Funds Announce Tender Offers For Outstanding Auction Preferred Shares

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UNII Report

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UNII Report

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Eaton Vance Closed-End Funds Announce Tender Offers for Outstanding Auction Preferred Shares

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UNII Report

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UNII Report

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UNII Report

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UNII Report

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

Download Closed-End Fund Earnings Undistributed Net Income Information - Last updated: Nov 30, 2017

Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds - Last updated: May 1, 2017

Closed-End Fund Earnings Undistributed Net Income Information

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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

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Closed-End Fund Earnings Undistributed Net Income Information

Download Closed-End Fund Earnings Undistributed Net Income Information - Last updated: Feb 29, 2016

Closed-End Fund Earnings Undistributed Net Income Information

Download Closed-End Fund Earnings Undistributed Net Income Information - Last updated: Dec 31, 2015

Closed-End Fund Earnings Undistributed Net Income Information

Download Closed-End Fund Earnings Undistributed Net Income Information - Last updated: Oct 31, 2015

Eaton Vance Closed-End Funds Adopt Share Repurchase Programs

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Moody's Downgrades

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Download Eaton Vance Limited Duration Income Fund and Eaton Vance Short Duration Diversified Income Fund Approve Change in Investment Policies - Last updated: May 20, 2011

Semi-Annual Report

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