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Trending ETFs

Eaton Vance Short Duration Government Income Fund

mutual fund
ECLDX
Payout Change
Pending
Price as of:
$7.25 -0.01 -0.14%
primary theme
U.S. Ultrashort Bond Duration
ECLDX (Mutual Fund)

Eaton Vance Short Duration Government Income Fund

Payout Change
Pending
Price as of:
$7.25 -0.01 -0.14%
primary theme
U.S. Ultrashort Bond Duration
ECLDX (Mutual Fund)

Eaton Vance Short Duration Government Income Fund

Payout Change
Pending
Price as of:
$7.25 -0.01 -0.14%
primary theme
U.S. Ultrashort Bond Duration

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.25

$2.71 B

5.51%

$0.40

1.62%

Vitals

YTD Return

1.8%

1 yr return

2.8%

3 Yr Avg Return

-0.4%

5 Yr Avg Return

0.1%

Net Assets

$2.71 B

Holdings in Top 10

70.4%

52 WEEK LOW AND HIGH

$7.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.62%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 310.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.25

$2.71 B

5.51%

$0.40

1.62%

ECLDX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.30%
DIVIDENDS
  • Dividend Yield 5.5%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Eaton Vance Short Duration Government Income Fund
  • Fund Family Name
    EatonVance
  • Inception Date
    Jan 06, 2003
  • Shares Outstanding
    10819240
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew Szczurowski

Fund Description

Under normal circumstances, the Fund invests at least 90% of its net assets (plus any borrowings for investment purposes) in any securities issued, backed or otherwise guaranteed by the U.S. Government or its agencies or instrumentalities (the “90% Policy”). These securities include, but are not limited to, fixed or floating-rate mortgage-backed securities (“MBS”) including collateralized mortgage obligations, issued, backed or otherwise guaranteed by the U.S. Government or its agencies or instrumentalities, Treasuries and agency bonds. The Fund may invest up to 10% of its net assets in other income securities, including, but not limited to, non-agency MBS and asset-backed securities, corporate bonds, loans and money market securities. The Fund many invest in securities in any ratings category, including securities rated below investment grade or in unrated securities considered to be of comparable quality by the investment adviser (commonly referred to as “junk bonds”). The Fund’s dollar-weighted average duration will not exceed three years. The Fund is not a money market fund and does not seek to maintain a stable net asset value per share.

The Fund may invest in stripped securities which may be issued by the U.S. Government, its agencies or instrumentalities, and may also be issued by private originators or investors, including depository institutions, banks, investment banks and special purpose subsidiaries of these entities.

The Fund may also engage in derivative transactions. Transactions in derivative instruments may include: the purchase or sale of futures contracts on securities, indices or other financial instruments or currencies; options on futures contracts; exchange-traded and over-the-counter options on securities, indices, currencies and other instruments; and interest rate, credit default, inflation and total return swaps. The Fund may take short or long positions with regard to certain synthetic total return swap indices. The Fund may use interest rate swaps and options on interest rate swaps for risk management purposes and not as a speculative investment and would typically use interest rate swaps to shorten the average interest rate reset time of its holdings. The Fund may engage in other derivatives to seek return, to hedge against fluctuations in securities prices, interest rates or currency exchange rates, to change the duration of obligations held by the Fund, to manage certain investment risks and/or as a substitute for the purchase or sale of securities or currencies. Except as required by applicable regulation, there is no stated limit on the Fund’s use of derivatives for such purposes.

The Fund may engage in borrowing and active management techniques. The Fund is authorized to borrow to acquire additional investments when it believes that the interest payments and other costs with respect to such borrowings will be exceeded by the anticipated total return on such investments. The Fund may enter into forward commitments to buy or sell agency MBS (to-be-announced transactions, or “TBAs”). In addition, the Fund at times may enter into mortgage dollar rolls. The Fund may engage in short sales of securities and in repurchase and reverse repurchase agreements.

The portfolio managers seek to purchase securities believed to be the best relative value with regard to price, yield, and expected total return in relation to other available instruments.  Investment decisions are primarily made on the basis of fundamental research and relative value.  The portfolio managers may sell a security when he believes the security no longer represents the best relative value and the fundamental research or cash needs dictate.  When deemed by the investment adviser to be relevant to its evaluation of creditworthiness and when applicable information is available, the investment adviser considers environmental, social and/or governance issues (referred to as ESG) which may impact the prospects of an issuer (or obligor) or financial performance of an obligation. When considered, one or more ESG issues are taken into account alongside other factors in the investment decision‐making process and are not the sole determinant of whether an investment can be made or will remain in the Fund’s portfolio.

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ECLDX - Performance

Return Ranking - Trailing

Period ECLDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -0.9% 4.4% 95.37%
1 Yr 2.8% 0.7% 10.9% 98.61%
3 Yr -0.4%* -1.8% 6.1% 98.54%
5 Yr 0.1%* -0.9% 4.5% 97.88%
10 Yr 0.6%* -4.4% 27.6% 94.07%

* Annualized

Return Ranking - Calendar

Period ECLDX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.3% -2.3% 4.3% 99.54%
2022 -5.8% -6.5% 0.5% 97.13%
2021 -2.0% -2.1% 0.3% 98.52%
2020 0.5% -3.1% 1.8% 34.54%
2019 -1.2% -1.2% 6.1% 98.91%

Total Return Ranking - Trailing

Period ECLDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -0.9% 4.4% 95.37%
1 Yr 2.8% 0.7% 10.9% 98.61%
3 Yr -0.4%* -1.8% 6.1% 98.54%
5 Yr 0.1%* -0.9% 4.5% 97.88%
10 Yr 0.6%* -4.4% 27.6% 94.07%

* Annualized

Total Return Ranking - Calendar

Period ECLDX Return Category Return Low Category Return High Rank in Category (%)
2023 3.1% 0.8% 12.1% 98.61%
2022 -3.8% -5.1% 2.5% 99.52%
2021 -1.0% -2.1% 14.5% 98.03%
2020 2.1% -1.0% 3.6% 27.32%
2019 1.1% 0.3% 9.6% 97.28%

NAV & Total Return History


ECLDX - Holdings

Concentration Analysis

ECLDX Category Low Category High ECLDX % Rank
Net Assets 2.71 B 25.6 K 22.6 B 25.46%
Number of Holdings 708 2 1291 11.11%
Net Assets in Top 10 1.92 B 23.7 K 17.3 B 6.48%
Weighting of Top 10 70.39% 5.6% 163.3% 8.80%

Top 10 Holdings

  1. Fannie Mae Pool 15.22%
  2. Ginnie Mae 9.77%
  3. Ginnie Mae 8.96%
  4. Uniform Mortgage-Backed Security, TBA 7.44%
  5. Uniform Mortgage-Backed Security, TBA 6.84%
  6. Government National Mortgage Association 6.25%
  7. Uniform Mortgage-Backed Security, TBA 6.01%
  8. Ginnie Mae II Pool 3.71%
  9. Long: BEV56DRW0 IRS USD R V 12MSOFR 1 CCPOIS / Short: BEV56DRW0 IRS USD P F 1.92000 2 CCPOIS 3.18%
  10. Morgan Stanley Institutional Liquidity Funds - Government Portfolio 3.01%

Asset Allocation

Weighting Return Low Return High ECLDX % Rank
Bonds
128.16% 0.00% 128.16% 1.39%
Cash
3.01% 0.00% 109.88% 62.04%
Stocks
0.00% 0.00% 95.95% 78.70%
Preferred Stocks
0.00% 0.00% 1.74% 75.00%
Convertible Bonds
0.00% 0.00% 15.25% 95.35%
Other
-7.74% -7.74% 99.94% 99.54%

Bond Sector Breakdown

Weighting Return Low Return High ECLDX % Rank
Securitized
99.84% 0.00% 100.00% 1.86%
Derivative
7.75% -7.49% 21.59% 2.31%
Cash & Equivalents
3.01% 0.00% 109.88% 52.78%
Corporate
0.16% 0.00% 99.91% 85.58%
Municipal
0.00% 0.00% 70.39% 85.12%
Government
0.00% 0.00% 100.00% 94.88%

Bond Geographic Breakdown

Weighting Return Low Return High ECLDX % Rank
US
128.16% 0.00% 128.16% 1.39%
Non US
0.00% 0.00% 19.76% 79.17%

ECLDX - Expenses

Operational Fees

ECLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.62% 0.02% 29.63% 3.27%
Management Fee 0.47% 0.00% 1.19% 91.67%
12b-1 Fee 0.85% 0.00% 1.00% 95.29%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

ECLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% 47.37%
Deferred Load 1.00% 0.25% 1.00% 78.57%

Trading Fees

ECLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ECLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 310.00% 0.00% 369.54% 97.80%

ECLDX - Distributions

Dividend Yield Analysis

ECLDX Category Low Category High ECLDX % Rank
Dividend Yield 5.51% 0.00% 8.76% 13.43%

Dividend Distribution Analysis

ECLDX Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Monthly Monthly

Net Income Ratio Analysis

ECLDX Category Low Category High ECLDX % Rank
Net Income Ratio 0.30% -1.30% 14.86% 66.83%

Capital Gain Distribution Analysis

ECLDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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ECLDX - Fund Manager Analysis

Managers

Andrew Szczurowski


Start Date

Tenure

Tenure Rank

Jul 01, 2014

7.92

7.9%

Andrew Szczurowski is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s global income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s mortgage-backed securities strategies. He joined Eaton Vance in 2007. Andrew began his career in the investment management industry in 2005. Before joining Eaton Vance, he was affiliated with BNY Mellon. Andrew earned a B.S., cum laude, from Peter T. Paul College of Business and Economics at the University of New Hampshire. He is a member of the CFA Society of Boston and is a CFA charterholder.

Alexander Payne


Start Date

Tenure

Tenure Rank

Nov 30, 2020

1.5

1.5%

Mr. Payne is a Vice President of Boston Management and Research and Eaton Vance and has been employed by Eaton Vance since 2015. Prior to 2015, Mr. Payne worked at Goldman Sachs and Kingsguard Advisors, LP from 2007 to 2015.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.56 7.92