This Day On The Street
Continue to site
ADVERTISEMENT
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

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 www.eatonvance.com.

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs