This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Eaton Vance Launches Short Duration High Income Fund And Appoints Andrew P. Szczurowski, CFA, As Co-Portfolio Manager Of Eaton Vance Short Duration Strategic Income Fund

BOSTON, Nov. 15, 2013 /PRNewswire/ -- Eaton Vance Management (EVM), a subsidiary of Eaton Vance Corp. (NYSE: EV), today announced the launch of Eaton Vance Short Duration High Income Fund (Class A: ESHAX, Class I: ESHIX), the latest addition to the firm's line-up of short duration income funds. The Fund is managed by Michael Weilheimer, CFA, Vice President and Director of High Yield Investments at EVM. Under normal conditions, the Fund invests primarily in income instruments rated below investment grade, including floating-rate loans and convertible securities. The Fund intends to maintain a dollar-weighted average duration of three years or less and is managed toward an objective of total return.

Separately, EVM announced the appointment of Andrew P. Szczurowski, CFA, Vice President of EVM, as co-portfolio manager of Eaton Vance Short Duration Strategic Income Fund, joining Eric A. Stein, CFA, Vice President and Co-Director of EVM's Global Income group.

Eaton Vance now offers a comprehensive suite of short duration income funds, which includes the following offerings:

  • Eaton Vance Short Duration High Income Fund (Class A: ESHAX, Class I: ESHIX);
  • Eaton Vance Short Duration Strategic Income Fund (Class A: ETSIX, Class B: EVSGX, Class C: ECSIX, Class I: ESIIX, Class R: ERSIX)—formerly Eaton Vance Strategic Income Fund;
  • Eaton Vance Short Duration Real Return Fund (Class A: EARRX, Class C: ECRRX, Class I: EIRRX)—formerly Eaton Vance Short Term Real Return Fund; and
  • Eaton Vance Short Duration Government Income Fund (Class A: EALDX, Class B: EBLDX, Class C: ECLDX, Class I: EILDX) —formerly Eaton Vance Low Duration Government Income Fund.

"We are pleased to offer a range of short duration income strategies to help investors meet their income needs while managing exposure to interest rate risk," said Payson F. Swaffield, CFA, Vice President and Chief Income Investment Officer of EVM.

EVM is a wholly owned subsidiary of Eaton Vance Corp., one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $273.1 billion in assets as of September 30, 2013, offering individuals and institutions a broad array of investment strategies and wealth management solutions. Eaton Vance's long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit

About Risk: An imbalance of supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. Investments rated below investment grade (sometimes referred to as "junk" investments) are generally subject to greater price volatility and illiquidity than higher-rated investments.  As interest rates rise, the value of fixed income investments generally declines. No Fund is a complete investment program and you may lose money investing in a Fund.   Regulatory changes may adversely affect securities markets and market participants, as well as a Fund's ability to implement its strategy.  A Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description. 

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs