EVSB
Eaton Vance Ultra-Short Income ETF
📎 Investment Objective
The Eaton Vance Ultra-Short Income ETF (EVSB) seeks to provide a high level of current income consistent with preservation of capital.
Overview
ETF tracking Eaton Vance Ultra-Short Income ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Eaton Vance Ultra-Short Income ETF (EVSB) seeks to provide a high level of current income consistent with preservation of capital.
🎯 Investment Strategy
The fund invests primarily in a diversified portfolio of investment-grade, short-duration fixed income securities. The portfolio manager aims to maintain a weighted average effective duration of one year or less to limit interest rate risk.
✨ Key Features
- Focuses on high-quality, short-term fixed income securities to generate current income
- Maintains a weighted average effective duration of one year or less to reduce interest rate sensitivity
- Seeks to provide a higher yield than traditional money market funds while preserving capital
- Actively managed by an experienced fixed income team
⚠️ Primary Risks
- Interest rate risk: The fund's value may decline if interest rates rise
- Credit risk: The fund is exposed to the risk of issuers defaulting on their debt obligations
- Liquidity risk: The fund may have difficulty selling certain securities at an advantageous time and price
- Active management risk: The fund's performance could trail that of passively managed funds
👤 Best For
The Eaton Vance Ultra-Short Income ETF may be suitable for investors seeking a higher-yielding cash alternative or a low-duration fixed income allocation within a diversified portfolio. It may be particularly appealing to those with a short-term investment horizon who want to limit interest rate risk.