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EVHIX Eaton Vance High Income Opportunities B

  • Fund
  • EVHIX
  • Price as of: Jul 19, 2019
  • $4.41 + $0.01 + 0.23%
  • Category
  • High Yield Bonds

EVHIX - Profile

Vitals

  • YTD Return 6.3%
  • 3 Yr Annualized Return -0.4%
  • 5 Yr Annualized Return -1.3%
  • Net Assets $943 M
  • Holdings in Top 10 9.1%

52 WEEK LOW AND HIGH

$4.41
$4.13
$4.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.63%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jan 02, 2012

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 6.0%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return -1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.49%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 111145
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Michael W. Weilheimer

Fund Description

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in fixed-income securities, including preferred securities and other hybrid securities, senior floating rate loans and secured and unsecured subordinated floating rate loans and convertible securities. It 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 (%)
YTD 6.3% -9.1% 23.5% 54.51%
1 Yr 0.0% -9.7% 5.8% 66.19%
3 Yr -0.4%* -6.4% 8.3% 75.42%
5 Yr -1.3%* -8.6% 1.9% 32.14%
10 Yr 2.0%* -13.4% 4.4% 11.27%

* Annualized


Return Ranking - Calendar

Period EVHIX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.4% -23.1% -0.4% 63.29%
2017 0.7% -9.5% 28.5% 71.90%
2016 6.6% -14.4% 28.6% 59.92%
2015 -6.8% -34.3% 1.0% 26.93%
2014 -2.4% -23.1% 27.7% 17.18%

Total Return Ranking - Trailing

Period EVHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -9.1% 23.5% 61.92%
1 Yr -0.2% -9.7% 6.8% 77.73%
3 Yr -0.5%* -6.4% 11.0% 85.83%
5 Yr -1.4%* -7.8% 5.9% 52.85%
10 Yr 2.0%* -13.4% 8.6% 30.28%

* Annualized


Total Return Ranking - Calendar

Period EVHIX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.4% -23.1% 1.3% 70.39%
2017 0.7% -4.9% 36.8% 77.69%
2016 6.6% -14.4% 39.0% 68.68%
2015 -6.8% -28.3% 4.3% 40.29%
2014 -2.4% -21.8% 27.7% 35.90%

NAV & Total Return History

EVHIX - Holdings

Concentration Analysis

EVHIX Category Low Category High EVHIX % Rank
Net Assets 943 M 1.02 M 25 B 41.08%
Number of Holdings 438 6 1547 26.85%
Net Assets in Top 10 105 M -1.5 M 3.71 B 37.47%
Weighting of Top 10 9.05% 5.1% 99.6% 69.14%

Top 10 Holdings

  1. Asurion 1.31%

  2. HCA Inc. 5.88% 1.10%

  3. MPH Acquisition Holdings LLC 7.12% 1.09%

  4. Sprint Corporation 7.88% 0.99%

  5. CrownRock LP 5.62% 0.92%

  6. Sensata Technologies UK Financing Co plc 6.25% 0.81%

  7. Laureate Education, Inc. 8.25% 0.81%

  8. Peninsula Gaming Llc 01jul16 Call 0.73%

  9. Watco Companies, L.L.C. / Watco Finance Corp. 6.38% 0.67%

  10. Energizer G Fixed Coupon 4.625000 Maturity 20260715 0.62%


Asset Allocation

Weighting Return Low Return High EVHIX % Rank
Bonds
93.61% -17.48% 100.06% 46.49%
Cash
4.09% -3.02% 117.48% 56.11%
Stocks
1.77% -0.44% 99.77% 9.62%
Preferred Stocks
0.53% 0.00% 11.13% 15.63%
Other
0.00% -7.31% 11.36% 85.97%
Convertible Bonds
0.00% 0.00% 11.82% 93.99%

Stock Sector Breakdown

Weighting Return Low Return High EVHIX % Rank
Healthcare
0.51% 0.00% 14.35% 4.99%
Consumer Cyclical
0.26% -0.14% 15.44% 23.19%
Basic Materials
0.22% 0.00% 1.36% 10.72%
Industrials
0.05% 0.00% 13.99% 23.19%
Utilities
0.00% -0.04% 1.62% 87.53%
Technology
0.00% -0.17% 30.62% 86.78%
Real Estate
0.00% -0.03% 3.03% 86.28%
Financial Services
0.00% -0.03% 17.51% 86.03%
Energy
0.00% -0.06% 2.74% 91.52%
Communication Services
0.00% -0.04% 2.00% 87.53%
Consumer Defense
0.00% -0.09% 4.47% 86.53%

Stock Geographic Breakdown

Weighting Return Low Return High EVHIX % Rank
US
1.61% -0.43% 50.95% 11.82%
Non US
0.16% -0.01% 48.82% 14.23%

Bond Sector Breakdown

Weighting Return Low Return High EVHIX % Rank
Corporate
92.61% 0.00% 100.08% 50.70%
Cash & Equivalents
4.09% -1.24% 117.48% 54.11%
Derivative
0.00% -17.48% 8.43% 75.55%
Securitized
0.00% 0.00% 60.24% 86.17%
Municipal
0.00% 0.00% 100.03% 83.77%
Government
0.00% -5.69% 65.95% 80.36%

Bond Geographic Breakdown

Weighting Return Low Return High EVHIX % Rank
US
77.27% -17.48% 99.77% 63.73%
Non US
16.34% 0.00% 53.13% 25.05%

EVHIX - Expenses

Operational Fees

EVHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.63% 0.00% 6.42% 19.64%
Management Fee 0.44% 0.00% 1.00% 12.02%
12b-1 Fee 1.00% 0.00% 1.00% 96.36%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

EVHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load 5.00% 1.00% 5.50% 6.25%

Trading Fees

EVHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 39.00% 5.00% 1334.00% 33.27%

EVHIX - Distributions

Dividend Yield Analysis

EVHIX Category Low Category High EVHIX % Rank
Dividend Yield 0.03% 0.00% 4.50% 72.14%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

EVHIX Category Low Category High EVHIX % Rank
Net Income Ratio 4.49% -1.92% 7.22% 71.94%

Capital Gain Distribution Analysis

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

EVHIX - Managers

Michael W. Weilheimer

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 1996

23.51

23.5%

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.


Stephen C. Concannon

Manager

Start Date

Tenure

Tenure Rank

Nov 03, 2014

4.66

4.7%

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 G. Baccei

Manager

Start Date

Tenure

Tenure Rank

Nov 03, 2014

4.66

4.7%

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


Jeffrey D. Mueller

Manager

Start Date

Tenure

Tenure Rank

Jun 18, 2019

0.03

0.0%

Mr. Mueller has served as a portfolio manager since December 2015 and is a Vice President of Eaton Vance Advisers International Ltd. Prior to November 1, 2017, Mr. Mueller held similar positions at EVMI. Prior to joining EVMI as a Vice President in March 2015, Mr. Mueller was a High Yield Portfolio Manager and Investment Analyst for Threadneedle Asset Management (2009-2015).


Tenure Analysis

Category Low

0.0

Category High

34.87

Category Average

6.64

Category Mode

0.0