Eaton Vance Limited Duration Income Fund — Cyborg Score 7/10
Strong
Closed-End Fixed Income Funds
Strategic Profile
As a low duration strategy, the fund provides limited interest-rate risk, with an average duration between zero and five years (including the effect of leverage). The Fund uses leverage (including Auction Preferred Shares and borrowings) with portfolio exposures such as CLOs, agency and non-agency MBS, floating-rate loans and high-yield bonds.
Cyborg Score Rationale
For the 12-month period ended March 31, 2026, EVV reported a 6.30% NAV return, outperforming the Bloomberg U.S. Aggregate Bond Index return of 4.35%. The Fund's use of investment leverage was among the largest contributors to Fund performance versus the Index, and leverage was a tail wind to relative performance as underlying investments were generally positive.
Top Insights
Fund declared $0.88 per share in distributions for the 12-month period ended March 31, 2026, providing monthly income to shareholders
Trading at 6.62% market discount to NAV as of March 31, 2026, offering potential value for income-focused investors
Diversified portfolio across 1,140 holdings across floating-rate loans, MBS, CLOs, and high-yield bonds reduces concentration risk
Leverage amplification during positive credit cycles enhances returns but increases downside exposure during market stress
Named Competitors
Total Return Bond Fund — Total return-focused fixed income closed-end fund
Corporate Income Fund — Corporate and investment grade fixed income strategy
High Income Fund — High-yield and multisector bond closed-end fund
Recent Developments
(March 2026) Reported 6.30% NAV return for 12-month period, outperforming Bloomberg U.S. Aggregate Bond Index by 195 basis points
(Q4 2025) Maintained low duration strategy positioning with average duration between zero and five years including leverage effects
(June 2026) Trading near $9.85 per share with normalized activity and liquidity on NYSE
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