EVG: Falling Interest Rates Greatly Reduce This Fund's Appeal (Rating Downgrade) [Seeking Alpha]
Eaton Vance Short Diversified Income Fund Eaton Vance Short Duration Diversified Income Fund Common Shares of Beneficial Interest (EVG)
US:NYSE Investor Relations:
funds.eatonvance.com/short-duration-diversified-income-fund-evg.php
Company Research
Source: Seeking Alpha
Power Hedge Investing Group Leader Follow Play 29min Summary The Eaton Vance Short Duration Diversified Income Fund offers an 8.51% yield, higher than major domestic and international bond indices, which might appeal to income investors. The fund's yield is average compared to peers, suggesting market confidence in its distribution sustainability but requiring a trade-off in potential income. The fund's portfolio, heavily invested in floating-rate collateralized loan obligations, faces income decline risks due to expected Federal Reserve interest rate cuts. The fund is covering its distribution for now, but investment income pressure could force it to start cutting in a few months. Trading at a 1.06% discount to net asset value, the fund's appeal is reduced in a falling interest rate environment, suggesting better options for income investors. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to nav
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EVG
Sec Filings
- 11/14/24 - Form SC
- 10/10/24 - Form 8-K
- 9/27/24 - Form NPORT-P
- EVG's page on the SEC website