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
, 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
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.