Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.5%
1 yr return
8.0%
3 Yr Avg Return
3.1%
5 Yr Avg Return
3.6%
Net Assets
$85 M
Holdings in Top 10
18.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.90%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 75.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ESHIX - Profile
Distributions
- YTD Total Return 2.5%
- 3 Yr Annualized Total Return 3.1%
- 5 Yr Annualized Total Return 3.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.95%
- Dividend Yield 6.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameEaton Vance Short Duration High Income Fund
-
Fund Family NameEatonVance
-
Inception DateNov 04, 2013
-
Shares Outstanding5676950
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKelley Baccei Gerrity
Fund Description
The Fund invests primarily in fixed-income securities rated below investment grade (commonly referred to as “junk”), including floating-rate loans and convertible securities. The Fund invests in securities rated Baa or below by Moody’s Investors Service, Inc. (“Moody’s”) or BBB and below by S&P Global Ratings (“S&P”) or Fitch Ratings (“Fitch”) and comparable rated securities, including securities rated below Caa1 by Moody’s, CCC+ by S&P or CCC by Fitch Ratings at time of purchase or are unrated and of comparable quality as determined by the investment adviser. The Fund intends to maintain a dollar-weighted average duration of three years or less. Bonds rated BBB and Baa have speculative characteristics, while lower rated bonds are predominantly speculative. The Fund may invest in securities in any ratings category, including securities rated investment grade. The Fund may invest in fixed-income securities of any maturity. The Fund may also purchase securities that make “in-kind” interest payments (“PIK”), bonds not paying current income and bonds that do not make regular interest payments. The Fund may invest in foreign and emerging market securities, which are predominantly U.S. dollar denominated and in non-U.S. dollar denominated investments. The Fund may invest in municipal obligations, senior and subordinated (“junior”) floating rate loans (“loans”) and money market instruments.
The Fund may engage in derivative transactions to enhance total return, to seek to hedge against fluctuations in securities prices, interest rates or currency exchange rates, to manage certain investment risks and/or as a substitute for the purchase or sale of securities or currencies. Transactions in derivative instruments may include: the purchase or sale of futures contracts on securities, swaps, indices or other financial instruments or currencies; options on futures contracts; options on securities, indices, currencies and other instruments; interest rate, credit default and inflation swaps; and forward rate contracts as well as instruments that have a greater or lesser credit risk than the security underlying that instrument. Except as required by applicable regulation, there is no stated limit on the Fund’s use of derivatives for such purposes.
The Fund’s investments are actively managed and securities may be bought and sold on a daily basis. Preservation of capital is considered when consistent with the Fund’s investment objective. The investment adviser’s staff monitors the credit quality of securities held by the Fund and other securities available to the Fund. Although the investment adviser considers security ratings when making investment decisions, it performs its own credit and investment analysis utilizing various methodologies including “bottom up/top down” analysis and consideration of macroeconomic and technical factors, and does not rely primarily on the ratings assigned by the rating services. The portfolio managers attempt to provide income and preserve principal value through timely trading. The portfolio managers also consider the relative value of securities in the marketplace in making investment decisions. 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.
ESHIX - Performance
Return Ranking - Trailing
Period | ESHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.5% | -7.6% | 4.6% | 10.43% |
1 Yr | 8.0% | -7.8% | 16.0% | 77.41% |
3 Yr | 3.1%* | -16.8% | 20.0% | 9.88% |
5 Yr | 3.6%* | -12.2% | 36.5% | 27.23% |
10 Yr | 3.6%* | -5.1% | 19.4% | 31.00% |
* Annualized
Return Ranking - Calendar
Period | ESHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.8% | -4.7% | 14.3% | 95.10% |
2022 | -7.8% | -33.4% | 3.6% | 3.67% |
2021 | 0.7% | -8.4% | 8.2% | 28.57% |
2020 | -2.0% | -13.2% | 302.7% | 81.51% |
2019 | 3.8% | -4.4% | 13.3% | 90.51% |
Total Return Ranking - Trailing
Period | ESHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.5% | -7.6% | 4.6% | 10.43% |
1 Yr | 8.0% | -7.8% | 16.0% | 77.41% |
3 Yr | 3.1%* | -16.8% | 20.0% | 9.88% |
5 Yr | 3.6%* | -12.2% | 36.5% | 27.23% |
10 Yr | 3.6%* | -5.1% | 19.4% | 31.00% |
* Annualized
Total Return Ranking - Calendar
Period | ESHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.2% | -4.7% | 17.8% | 89.26% |
2022 | -2.8% | -33.4% | 47.8% | 3.51% |
2021 | 5.3% | -8.4% | 12.4% | 42.19% |
2020 | 3.4% | -9.6% | 325.6% | 79.28% |
2019 | 8.8% | 0.9% | 19.4% | 89.81% |
NAV & Total Return History
ESHIX - Holdings
Concentration Analysis
ESHIX | Category Low | Category High | ESHIX % Rank | |
---|---|---|---|---|
Net Assets | 85 M | 1.45 M | 23.6 B | 86.26% |
Number of Holdings | 181 | 2 | 2736 | 78.73% |
Net Assets in Top 10 | 15.2 M | -492 M | 4.55 B | 84.92% |
Weighting of Top 10 | 18.06% | 4.2% | 146.9% | 26.98% |
Top 10 Holdings
- Morgan Stanley Institutional Liquidity Funds - Government Portfolio 6.81%
- GFL Environmental Inc 1.37%
- NCL Corp Ltd 1.34%
- GEMS MENASA Cayman Ltd / GEMS Education Delaware LLC 1.32%
- TransDigm Inc 2023 Term Loan I 1.30%
- PetSmart LLC 2021 Term Loan B 1.26%
- Caesars Entertainment Inc 1.19%
- Connect Finco SARL / Connect US Finco LLC 1.18%
- Olympus Water US Holding Corp 2021 USD Term Loan B 1.17%
- Starwood Property Trust Inc 1.12%
Asset Allocation
Weighting | Return Low | Return High | ESHIX % Rank | |
---|---|---|---|---|
Bonds | 94.96% | -3.13% | 154.38% | 48.18% |
Cash | 6.81% | -52.00% | 48.07% | 24.13% |
Convertible Bonds | 0.87% | 0.00% | 17.89% | 62.86% |
Stocks | 0.00% | 0.00% | 99.54% | 79.15% |
Preferred Stocks | 0.00% | 0.00% | 7.88% | 49.37% |
Other | 0.00% | -63.70% | 102.57% | 82.70% |
Bond Sector Breakdown
Weighting | Return Low | Return High | ESHIX % Rank | |
---|---|---|---|---|
Corporate | 93.97% | 0.00% | 100.00% | 56.35% |
Cash & Equivalents | 6.81% | 0.00% | 48.07% | 19.37% |
Securitized | 1.37% | 0.00% | 97.24% | 20.16% |
Municipal | 0.00% | 0.00% | 1.17% | 22.06% |
Government | 0.00% | 0.00% | 99.07% | 45.24% |
Derivative | 0.00% | -15.04% | 42.26% | 82.86% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ESHIX % Rank | |
---|---|---|---|---|
US | 94.61% | -3.13% | 129.21% | 40.32% |
Non US | 0.35% | 0.00% | 98.19% | 38.73% |
ESHIX - Expenses
Operational Fees
ESHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.90% | 0.02% | 38.33% | 57.37% |
Management Fee | 0.55% | 0.00% | 1.84% | 43.51% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
ESHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
ESHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 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.
ESHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 75.00% | 1.00% | 255.00% | 71.45% |
ESHIX - Distributions
Dividend Yield Analysis
ESHIX | Category Low | Category High | ESHIX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.63% | 0.00% | 11.71% | 34.86% |
Dividend Distribution Analysis
ESHIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
ESHIX | Category Low | Category High | ESHIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.95% | -2.39% | 14.30% | 72.21% |
Capital Gain Distribution Analysis
ESHIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.049 | OrdinaryDividend |
Mar 28, 2024 | $0.049 | OrdinaryDividend |
Feb 29, 2024 | $0.048 | OrdinaryDividend |
Jan 31, 2024 | $0.049 | OrdinaryDividend |
Dec 29, 2023 | $0.049 | OrdinaryDividend |
Nov 30, 2023 | $0.049 | OrdinaryDividend |
Oct 31, 2023 | $0.049 | OrdinaryDividend |
Sep 29, 2023 | $0.049 | OrdinaryDividend |
Aug 31, 2023 | $0.048 | OrdinaryDividend |
Jul 31, 2023 | $0.048 | OrdinaryDividend |
Jun 30, 2023 | $0.046 | OrdinaryDividend |
May 31, 2023 | $0.045 | OrdinaryDividend |
Apr 28, 2023 | $0.045 | OrdinaryDividend |
Mar 31, 2023 | $0.044 | OrdinaryDividend |
Feb 28, 2023 | $0.044 | OrdinaryDividend |
Jan 31, 2023 | $0.041 | OrdinaryDividend |
Dec 30, 2022 | $0.065 | DailyAccrualFund |
Nov 30, 2022 | $0.040 | DailyAccrualFund |
Oct 31, 2022 | $0.038 | DailyAccrualFund |
Sep 30, 2022 | $0.038 | DailyAccrualFund |
Aug 31, 2022 | $0.037 | DailyAccrualFund |
Jul 29, 2022 | $0.033 | DailyAccrualFund |
Jun 30, 2022 | $0.033 | DailyAccrualFund |
May 31, 2022 | $0.032 | DailyAccrualFund |
Apr 29, 2022 | $0.032 | DailyAccrualFund |
Mar 31, 2022 | $0.033 | DailyAccrualFund |
Feb 28, 2022 | $0.033 | DailyAccrualFund |
Jan 31, 2022 | $0.028 | DailyAccrualFund |
Dec 31, 2021 | $0.029 | DailyAccrualFund |
Nov 30, 2021 | $0.030 | DailyAccrualFund |
Oct 29, 2021 | $0.030 | DailyAccrualFund |
Sep 30, 2021 | $0.029 | DailyAccrualFund |
Aug 31, 2021 | $0.032 | DailyAccrualFund |
Jul 30, 2021 | $0.031 | DailyAccrualFund |
Jun 30, 2021 | $0.031 | DailyAccrualFund |
May 28, 2021 | $0.033 | DailyAccrualFund |
Apr 30, 2021 | $0.033 | DailyAccrualFund |
Mar 31, 2021 | $0.034 | DailyAccrualFund |
Feb 26, 2021 | $0.036 | DailyAccrualFund |
Jan 29, 2021 | $0.037 | DailyAccrualFund |
Dec 31, 2020 | $0.038 | DailyAccrualFund |
Nov 30, 2020 | $0.039 | DailyAccrualFund |
Oct 30, 2020 | $0.039 | DailyAccrualFund |
Sep 30, 2020 | $0.036 | DailyAccrualFund |
Aug 31, 2020 | $0.038 | DailyAccrualFund |
Jul 31, 2020 | $0.037 | DailyAccrualFund |
Jun 30, 2020 | $0.037 | DailyAccrualFund |
May 29, 2020 | $0.036 | DailyAccrualFund |
Apr 30, 2020 | $0.035 | DailyAccrualFund |
Mar 31, 2020 | $0.035 | DailyAccrualFund |
Feb 28, 2020 | $0.038 | DailyAccrualFund |
Jan 31, 2020 | $0.035 | DailyAccrualFund |
Dec 31, 2019 | $0.036 | DailyAccrualFund |
Nov 29, 2019 | $0.036 | DailyAccrualFund |
Oct 31, 2019 | $0.038 | DailyAccrualFund |
Sep 30, 2019 | $0.038 | DailyAccrualFund |
Aug 30, 2019 | $0.038 | DailyAccrualFund |
Jul 31, 2019 | $0.039 | DailyAccrualFund |
Jun 28, 2019 | $0.038 | OrdinaryDividend |
May 31, 2019 | $0.040 | DailyAccrualFund |
Apr 30, 2019 | $0.037 | DailyAccrualFund |
Mar 29, 2019 | $0.037 | DailyAccrualFund |
Feb 28, 2019 | $0.039 | DailyAccrualFund |
Jan 31, 2019 | $0.038 | DailyAccrualFund |
Dec 31, 2018 | $0.038 | DailyAccrualFund |
Nov 30, 2018 | $0.037 | DailyAccrualFund |
Oct 31, 2018 | $0.038 | DailyAccrualFund |
Aug 31, 2018 | $0.039 | DailyAccrualFund |
Jul 31, 2018 | $0.040 | DailyAccrualFund |
Jun 29, 2018 | $0.039 | DailyAccrualFund |
May 31, 2018 | $0.039 | DailyAccrualFund |
Apr 30, 2018 | $0.039 | DailyAccrualFund |
Mar 29, 2018 | $0.038 | DailyAccrualFund |
Feb 28, 2018 | $0.038 | DailyAccrualFund |
Jan 31, 2018 | $0.039 | DailyAccrualFund |
Dec 29, 2017 | $0.037 | DailyAccrualFund |
Nov 30, 2017 | $0.038 | DailyAccrualFund |
Oct 31, 2017 | $0.039 | DailyAccrualFund |
Sep 29, 2017 | $0.042 | DailyAccrualFund |
Aug 31, 2017 | $0.039 | DailyAccrualFund |
Jul 31, 2017 | $0.040 | DailyAccrualFund |
Jun 30, 2017 | $0.040 | DailyAccrualFund |
May 31, 2017 | $0.043 | DailyAccrualFund |
Apr 28, 2017 | $0.040 | DailyAccrualFund |
Mar 31, 2017 | $0.040 | DailyAccrualFund |
Feb 28, 2017 | $0.039 | DailyAccrualFund |
Jan 31, 2017 | $0.038 | DailyAccrualFund |
Dec 30, 2016 | $0.036 | DailyAccrualFund |
Nov 30, 2016 | $0.038 | DailyAccrualFund |
Oct 31, 2016 | $0.038 | DailyAccrualFund |
Sep 30, 2016 | $0.036 | DailyAccrualFund |
Aug 31, 2016 | $0.037 | DailyAccrualFund |
Jul 29, 2016 | $0.035 | DailyAccrualFund |
Jun 30, 2016 | $0.037 | DailyAccrualFund |
May 31, 2016 | $0.035 | DailyAccrualFund |
Apr 29, 2016 | $0.032 | DailyAccrualFund |
Mar 31, 2016 | $0.032 | DailyAccrualFund |
Feb 29, 2016 | $0.033 | DailyAccrualFund |
Jan 29, 2016 | $0.032 | DailyAccrualFund |
Dec 31, 2015 | $0.031 | DailyAccrualFund |
Nov 30, 2015 | $0.033 | DailyAccrualFund |
Oct 30, 2015 | $0.030 | DailyAccrualFund |
Sep 30, 2015 | $0.032 | DailyAccrualFund |
Aug 31, 2015 | $0.035 | DailyAccrualFund |
Jul 31, 2015 | $0.034 | DailyAccrualFund |
Jun 30, 2015 | $0.035 | DailyAccrualFund |
May 29, 2015 | $0.034 | DailyAccrualFund |
Apr 30, 2015 | $0.035 | DailyAccrualFund |
Mar 31, 2015 | $0.035 | DailyAccrualFund |
Feb 27, 2015 | $0.036 | DailyAccrualFund |
Jan 30, 2015 | $0.034 | DailyAccrualFund |
Dec 31, 2014 | $0.034 | DailyAccrualFund |
Nov 28, 2014 | $0.035 | DailyAccrualFund |
Oct 31, 2014 | $0.036 | DailyAccrualFund |
Sep 30, 2014 | $0.036 | DailyAccrualFund |
Aug 29, 2014 | $0.035 | DailyAccrualFund |
Jul 31, 2014 | $0.035 | DailyAccrualFund |
Jun 30, 2014 | $0.035 | DailyAccrualFund |
May 30, 2014 | $0.036 | DailyAccrualFund |
Apr 30, 2014 | $0.036 | DailyAccrualFund |
Mar 31, 2014 | $0.042 | DailyAccrualFund |
Feb 28, 2014 | $0.040 | DailyAccrualFund |
Jan 31, 2014 | $0.037 | DailyAccrualFund |
Dec 31, 2013 | $0.039 | DailyAccrualFund |
Nov 29, 2013 | $0.024 | DailyAccrualFund |
ESHIX - Fund Manager Analysis
Managers
Kelley Baccei Gerrity
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
Kelley Baccei is a vice president of Eaton Vance Management and a portfolio manager on Eaton Vance’s high-yield team. She is responsible for buy and sell decisions and portfolio construction. She joined Eaton Vance in 2005. Kelley began her career in the investment management industry in 2000. Before joining Eaton Vance, she was the director of high-yield distressed research at Fieldstone Capital Group. Previously, she was associate director of fixed-income research at Scotia Capital Markets, Inc. Kelley earned a B.A. from Boston College and a certificate in credit analysis from New York University.
Stephen Concannon
Start Date
Tenure
Tenure Rank
Dec 31, 2019
2.42
2.4%
Stephen Concannon is a vice president of Eaton Vance Management, co-director of high yield and portfolio manager on Eaton Vance’s high-yield team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s high-yield strategies. He joined Eaton Vance in 2000. Steve began his career in the investment management industry in 1993. Before joining Eaton Vance, he was a research analyst for Wellington Management. Steve earned a B.A. from Bates College. He is a member of the CFA Society Boston and is a CFA charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.21 | 8.17 |