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EVHIX Eaton Vance High Income Opportunities B

  • Fund
  • EVHIX
  • Price as of: Dec 01, 2016
  • $4.44
  • - $0.00
  • - 0.00%
  • Category
  • High Yield Bonds

EVHIX - Profile

Vitals

  • YTD Return 5.2%
  • 3 Yr Annualized Return 3.9%
  • 5 Yr Annualized Return 6.5%
  • Net Assets $1.49 B
  • Holdings in Top 10 8.4%

52 WEEK LOW AND HIGH

$4.44
$4.06
$4.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.65%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 38.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2012-01-02

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 5.2%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.53%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Eaton Vance High Income Opportunities Fund
  • Fund Family Name Eaton Vance
  • Inception Date Aug 19, 1986
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Stephen C. Concannon

Fund Description

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in fixed-income securities, including preferred stocks and other hybrid securities (many of which have fixed maturities), senior and subordinated floating rate loans ("bank loans") and convertible securities. The fund invests primarily in high yield, high risk corporate bonds. The fund invests a substantial portion of its assets in bonds issued in connection with mergers, acquisitions and other highly-leveraged transactions.

EVHIX - Performance

Return Ranking - Trailing

Period EVHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.2% -30.0% 28.3% 41.65% 4
1 Yr 6.5% -30.5% 20.4% 52.01% 3
3 Yr 3.9% * -14.7% 7.2% 26.04% 2
5 Yr 6.5% * -12.6% 7.6% 25.24% 2
10 Yr 5.6% * -12.0% 7.7% 71.24% 4

* Annualized


Return Ranking - Calendar

Period EVHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.8% -34.3% 1.0% 17.07% 2
2014 -2.4% -21.7% 10.4% 11.61% 1
2013 1.5% -16.9% 31.6% 11.41% 1
2012 7.8% -18.5% 17.6% 26.41% 2
2011 -3.4% -18.8% 6.8% 28.98% 3

Total Return Ranking - Trailing

Period EVHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.2% -30.0% 36.7% 53.28% 4
1 Yr 1.5% -30.5% 31.1% 83.95% 5
3 Yr 2.7% * -11.3% 8.1% 52.59% 3
5 Yr 6.2% * -12.6% 15.6% 33.72% 2
10 Yr 5.6% * -12.0% 12.5% 66.97% 4

* Annualized


Total Return Ranking - Calendar

Period EVHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.8% -30.4% 4.6% 37.60% 3
2014 -2.4% -18.4% 10.4% 40.55% 3
2013 1.5% -16.9% 55.9% 41.83% 3
2012 7.8% -18.5% 33.1% 55.19% 4
2011 -3.4% -18.8% 11.9% 47.98% 4

NAV & Total Return History

EVHIX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

EVHIX Category Low Category High EVHIX % Rank Quintile
Net Assets 1.49 B 2.52 M 20.6 B 7.36% 2
Number of Holdings 595 1 1424 3.53% 1
Net Assets in Top 10 166 M -32.2 M 3.63 B 8.13% 2
Weighting of Top 10 8.4% 0.0% 100.0% 25.15% 4

Top 10 Holdings

  1. Mph Acquisition Hldgs 144A 7.125% 0.79%
  2. Peninsula Gaming Llc 01jul16 Call 0.76%
  3. T Mobile Usa 6.5% 0.75%
  4. Laureate Educ 144A 9.25% 0.65%
  5. Kinetic Concepts 10.5% 0.60%
  6. Seven Generations Engy 144A 6.75% 0.59%
  7. Hca 5.875% 0.65%
  8. iShares iBoxx $ High Yield Corporate Bd 1.77%
  9. SPDR® Blmbg Barclays High Yield Bd ETF 1.03%
  10. Sprint 7.875% 0.82%

Asset Allocation

Weighting Category Low Category High EVHIX % Rank Quintile
Bonds
87.69% -9.44% 107.80% 21.93% 4
Cash
7.28% -11.47% 109.44% 7.52% 1
Stocks
2.13% 0.00% 99.11% 4.60% 1
Other
1.55% -11.89% 38.60% 10.74% 2
Convertible Bonds
0.83% 0.00% 18.92% 6.75% 2
Preferred Stocks
0.51% 0.00% 18.78% 10.12% 2

Stock Sector Breakdown

Weighting Category Low Category High EVHIX % Rank Quintile
Energy
0.58% 0.00% 12.30% 2.65% 1
Healthcare
0.38% 0.00% 21.24% 3.46% 1
Consumer Defense
0.22% -0.12% 5.43% 3.05% 1
Industrials
0.13% 0.00% 15.79% 4.89% 1
Consumer Cyclical
0.05% 0.00% 16.04% 9.37% 2
Financial Services
0.00% 0.00% 16.12% 9.57% 5
Real Estate
0.00% 0.00% 8.20% 4.89% 4
Communication Services
0.00% -0.06% 9.11% 6.72% 5
Technology
0.00% 0.00% 25.59% 5.30% 4
Utilities
0.00% -0.07% 6.44% 5.30% 5
Basic Materials
0.00% 0.00% 1.80% 6.92% 5

Stock Geographic Breakdown

Weighting Category Low Category High EVHIX % Rank Quintile
US
1.53% 0.00% 83.03% 5.06% 1
Non US
0.60% -0.01% 52.07% 2.15% 1

Bond Sector Breakdown

Weighting Category Low Category High EVHIX % Rank Quintile
Corporate
88.20% 0.00% 101.98% 17.94% 4
Cash & Equivalents
7.27% -7.60% 100.00% 7.36% 1
Securitized
0.66% 0.00% 69.25% 10.58% 2
Government
0.20% -9.04% 51.73% 18.25% 4
Municipal
0.00% 0.00% 100.00% 3.83% 4
Derivative
0.00% -19.62% 9.44% 3.83% 4

Bond Geographic Breakdown

Weighting Category Low Category High EVHIX % Rank Quintile
US
72.95% -9.44% 100.00% 17.48% 4
Non US
14.74% 0.00% 46.20% 18.56% 3

EVHIX - Expenses

Operational Fees

EVHIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.65% 0.00% 3.69% 10.75% 4
Management Fee 0.46% 0.12% 1.00% 5.52% 1
12b-1 Fee 1.00% 0.00% 1.00% 0.22% 5
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

EVHIX Fees (% of AUM) Category Low Category High EVHIX Rank Quintile
Front Load N/A 2.00% 5.75% N/A N/A
Deferred Load 5.00% 0.75% 5.50% 1.34% 5

Trading Fees

EVHIX Fees (% of AUM) Category Low Category High EVHIX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover 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.

EVHIX Fees (% of AUM) Category Low Category High EVHIX Rank Quintile
Turnover 38.00% 7.20% 2247.00% 13.67% 2

EVHIX - Distributions

Dividend Yield Analysis

EVHIX Category Low Category High EVHIX % Rank Quintile
Dividend Yield 0.2% 0.00% 6.16% 50.47% 5

Dividend Distribution Analysis

EVHIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

EVHIX Category Low Category High EVHIX % Rank Quintile
Net Income Ratio 4.53% -2.75% 9.92% 32.26% 4

Capital Gain Distribution Analysis

EVHIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

EVHIX - Managers

Stephen C. Concannon

Manager

Start Date

Nov 03, 2014

Tenure

1.99

Tenure Rank

13.8%

Stephen C. Concannon is a vice president and portfolio manager on Eaton Vance's high yield team. He is also responsible for research coverage of the health care sector. Stephen joined Eaton Vance in 2000 as a research analyst. Prior to joining the firm, he worked as research analyst for Wellington Management. Stephen earned a BA in Business Administration from Bates College in 1992. He is a CFA charterholder and a member of the Boston Security Analysts Society.


Kelley Baccei

Manager

Start Date

Nov 03, 2014

Tenure

1.99

Tenure Rank

13.8%

Ms. Baccei have each been a Vice President of Eaton Vance and BMR before 2009.


Michael W. Weilheimer

Manager

Start Date

Jan 01, 1996

Tenure

20.85

Tenure Rank

0.4%

Mike is a Vice President of Eaton Vance Management and Director of High Yield Investments. In addition, he is a Portfolio Manager of the firm’s high yield strategies. Mike’s experience in the investment management industry dates back to 1987. Prior to joining Eaton Vance in 1990, Mike was a Vice President of Amroc Investments, L.P. Previous to that, Mike was employed at Cowen & Company as an analyst specializing in distressed debt securities. He received a B.S. from the State University of New York at Albany. He earned an M.B.A. from the University of Chicago Graduate School of Business.


Tenure Analysis

Category Low

0.0

Category High

56.5

Category Average

6.41

Category Mode

4.8