Eaton Vance Limited Duration Income Fund (EVV)
Frequently Asked Questions About Eaton Vance Limited Duration Income Fund (EVV)
Are dividends from EVV taxable?
Yes, dividends received from Eaton Vance Limited Duration Income Fund are generally subject to federal income tax. The specific tax treatment of these dividends can vary based on the investor's tax situation, the type of dividends received (ordinary income vs. qualified dividends), and the investor's tax bracket. It is advisable for shareholders to consult with a tax professional for personalized advice.
Can investors buy shares of EVV through brokerage accounts?
Yes, investors can purchase shares of Eaton Vance Limited Duration Income Fund through most brokerage accounts that facilitate trading of publicly listed securities. Shares of EVV can be bought and sold on the New York Stock Exchange, making them accessible to both retail and institutional investors seeking exposure to fixed income investments.
How does EVV differ from other fixed income funds?
Eaton Vance Limited Duration Income Fund differentiates itself from other fixed income funds through its focus on shorter-duration securities. This strategy helps to limit interest rate risk while providing attractive yields. Unlike traditional long-duration bond funds, EVV aims to be less sensitive to interest rate fluctuations, making it more appealing for conservative investors concerned about rising rates.
How does EVV distribute income to shareholders?
Eaton Vance Limited Duration Income Fund distributes income to its shareholders through regular monthly dividends. The amount of these dividends is determined based on the fund's net investment income generated from its portfolio of fixed income securities. Shareholders can choose to receive these distributions in cash or reinvest them through a Dividend Reinvestment Plan (DRIP).
How often does EVV file financial reports?
Eaton Vance Limited Duration Income Fund is required to file financial reports quarterly and annually with the Securities and Exchange Commission (SEC). These reports include detailed financial statements, performance metrics, and other disclosures that keep investors informed about the fund's activities and compliance with regulatory standards.
Is Eaton Vance Limited Duration Income Fund publicly traded?
Yes, Eaton Vance Limited Duration Income Fund is publicly traded on the New York Stock Exchange under the ticker symbol EVV. Being a closed-end fund, shares of EVV can be bought and sold on the stock exchange like any other publicly listed company, allowing investors to participate in the fund's income-producing strategy.
Is there a minimum investment amount for EVV?
The minimum investment amount for Eaton Vance Limited Duration Income Fund can vary depending on the brokerage platform or investment account. Typically, there is no minimum when purchasing shares on the exchange, but investors should check with their brokerage for any specific guidelines or minimums pertaining to investment in closed-end funds.
What are the investment objectives of EVV?
The primary investment objective of Eaton Vance Limited Duration Income Fund is to provide a high level of current income. Additionally, the fund seeks to preserve capital by focusing on shorter-duration fixed income securities. This strategy looks to balance income generation with the potential risks associated with fluctuating interest rates, ensuring that investors gain returns without excessive volatility.
What are the risks associated with investing in EVV?
Investing in Eaton Vance Limited Duration Income Fund involves various risks, including interest rate risk, credit risk, and market risk. While the fund aims to limit interest rate exposure through its focus on shorter-duration securities, fluctuations in interest rates can still impact its performance. Additionally, the credit quality of the underlying securities can affect the fund's yield and value.
What does Eaton Vance Limited Duration Income Fund do?
Eaton Vance Limited Duration Income Fund (NYSE: EVV) is a closed-end fund that primarily invests in a diversified portfolio of fixed income securities. The fund aims to generate a high level of current income while preserving capital by investing in bonds, loans, and other income-producing instruments with limited duration. This strategy helps mitigate interest rate risk, making it attractive for income-focused investors.
What factors impact the performance of EVV?
The performance of Eaton Vance Limited Duration Income Fund can be influenced by several factors, including changes in interest rates, credit quality of the underlying securities, overall market conditions, and economic indicators. Since the fund focuses on shorter-duration securities, its performance may be less sensitive to long-term interest rate changes but can still be impacted by short-term fluctuations.
What is the duration risk associated with EVV investments?
Eaton Vance Limited Duration Income Fund aims to minimize duration risk by focusing on shorter-duration securities, typically up to five years. Duration risk refers to the sensitivity of a bond's price to changes in interest rates; shorter-duration securities are generally less affected by rate increases compared to longer-duration bonds, allowing the fund to maintain capital stability and consistent income generation.
What is the expense ratio of EVV?
The expense ratio of Eaton Vance Limited Duration Income Fund is approximately 1.23%. This ratio represents the annual operating expenses expressed as a percentage of the fund's average net assets. The expense ratio covers various costs associated with managing the fund, including management fees, administrative expenses, and other operational costs.
What is the historical performance of EVV?
The historical performance of Eaton Vance Limited Duration Income Fund can be assessed through public records that detail its total return, which includes income from dividends and capital appreciation. The fund's performance often aligns with its investment strategy of focusing on shorter-duration fixed income securities, providing a relatively stable income and potential for modest capital gains over time.
What is the price history of EVV?
The price history of Eaton Vance Limited Duration Income Fund can fluctuate based on market conditions, interest rate movements, and investor sentiment. Historical performance can be analyzed through financial platforms that provide data on stock prices, allowing investors to observe trends over time, including price fluctuations and yield changes.
What is the target yield for EVV?
Eaton Vance Limited Duration Income Fund typically aims to provide a competitive yield compared to other fixed income investments, usually targeting a yield around 4% to 6% depending on market conditions. This yield reflects the income generated from its diversified portfolio of shorter-duration fixed income securities, making it an attractive option for income-seeking investors.
What is the typical duration of securities held in EVV?
Eaton Vance Limited Duration Income Fund primarily invests in securities with a shorter duration, generally up to five years. This limited duration strategy helps reduce the sensitivity of the fund’s investments to changing interest rates, making it a suitable option for investors who prioritize capital preservation along with a steady income stream.
What types of securities does EVV invest in?
Eaton Vance Limited Duration Income Fund primarily invests in a variety of fixed income securities, including corporate bonds, government bonds, municipal bonds, mortgage-backed securities, and floating rate loans. By maintaining a focus on shorter duration instruments, the fund seeks to optimize yield while minimizing interest rate sensitivity.
Who manages Eaton Vance Limited Duration Income Fund?
Eaton Vance Limited Duration Income Fund is managed by Eaton Vance Management, a subsidiary of Morgan Stanley that specializes in investment management services. The firm employs experienced portfolio managers and research analysts who utilize rigorous analysis and strategic insights to select securities for the fund, ensuring alignment with its investment objectives.
What is the current price of Eaton Vance Limited Duration Income Fund?
The current price of Eaton Vance Limited Duration Income Fund is 9.970
When was Eaton Vance Limited Duration Income Fund last traded?
The last trade of Eaton Vance Limited Duration Income Fund was at 6:30 pm EDT on April 3rd, 2025