Eaton Vance Limited Duration Income Fund Overview
Pro stress-test →Eaton Vance Limited Duration Income Fund is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The Fund's investment objective is to provide a high level of current income. It primarily invests in senior, secured floating-rate loans, government agency mortgage-backed securities, and corporate bonds that are rated below investment grade.
Strategic Profile
Pro stress-test →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.
Competitive Landscape
Pro stress-test →EVV competes within the closed-end fixed income fund space against other multisector bond funds and leveraged income strategies. Competitors offer varying sector allocations and leverage structures but EVV's focus on limited duration, diversified credit exposure, and consistent leverage utilization distinguish its approach.
Industry Context
Eaton Vance Limited Duration Income Fund operates in Closed-End Fixed Income Funds.
Key facts
Founded: 2003 · Headquarters: Boston, US · Market cap: $1.18B