Overview

Historical Returns (%) as of Sep 30, 2019

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than or equal to one year is cumulative.
 

Distribution Rates1

as of Nov 19, 2019
Distribution Rate at NAV 8.41%
Distribution Rate at Market Price 9.40%
 

Fund Facts

Performance Inception 05/30/2003
Investment Objective High current income
CUSIP 27828H105

Expense Ratios (%)2

as of Annual Report dated 03/31/2019
Management Fees 1.18
Other Expenses 0.13
Total Expenses (ex Interest and Fee Expense) 1.31
Interest and Fee Expense 1.43
Total Expenses 2.74
 

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Performance

Historical Returns (%) as of Sep 30, 2019

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than or equal to one year is cumulative.
 

Calendar Year Returns (%)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Fund at NAV 59.53 14.51 4.77 11.92 6.32 3.77 -0.62 14.53 6.73 -1.04
Market Price 68.31 17.42 2.24 18.05 -0.82 0.06 -1.20 17.35 6.76 -6.08
 

Fund Facts

Performance Inception 05/30/2003
 

Distribution Rates1

as of Nov 19, 2019
Distribution Rate at NAV 8.41%
Distribution Rate at Market Price 9.40%
 

Distribution History3,4

Ex-Date Distribution Reinvest Price
Nov 08, 2019 $0.10000 $12.73
Oct 10, 2019 $0.10000 $12.75
Sep 12, 2019 $0.07000 $12.58
Aug 09, 2019 $0.07000 $12.51
Jul 10, 2019 $0.07000 $12.65
Jun 12, 2019 $0.07000 $12.58
May 10, 2019 $0.07000 $12.67
Apr 10, 2019 $0.06700 $12.73
Mar 08, 2019 $0.06700 $12.68
Feb 08, 2019 $0.06700 $12.62
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
 

Tax Character of Distributions

Ordinary Dividends    
Non-Qualified Qualified Total Capital Gain Distributions Nondividend Distributions Total Distributions
Distributions ($)
2018 $0.78 $0.00 $0.78 $0.00 $0.15 $0.93
2017 $0.85 $0.01 $0.87 $0.00 $0.12 $0.99
2016 $1.03 $0.02 $1.05 $0.00 $0.11 $1.16
2015 $1.18 $0.02 $1.20 $0.00 $0.02 $1.22
2014 $1.16 $0.02 $1.18 $0.00 $0.04 $1.22
2013 $1.18 $0.01 $1.19 $0.00 $0.03 $1.22
2012 $1.21 $0.00 $1.21 $0.00 $0.04 $1.25
2011 $1.12 $0.00 $1.12 $0.00 $0.05 $1.17
2010 $1.39 $0.00 $1.39 $0.00 $0.00 $1.39
2009 $1.41 $0.00 $1.41 $0.00 $0.02 $1.43
2008 $1.31 $0.00 $1.31 $0.00 $0.00 $1.31
2007 $1.51 $0.00 $1.51 $0.00 $0.00 $1.51
2006 $1.51 $0.00 $1.51 $0.00 $0.00 $1.51
2005 $1.53 $0.00 $1.53 $0.00 $0.00 $1.53
Distributions (%)
2018 84.47% 0.00% 84.47% 0.00% 15.53% 100.00%
2017 86.55% 1.30% 87.85% 0.00% 12.15% 100.00%
2016 89.04% 1.65% 90.69% 0.00% 9.31% 100.00%
2015 96.98% 1.10% 98.08% 0.00% 1.92% 100.00%
2014 95.25% 1.31% 96.56% 0.00% 3.44% 100.00%
2013 96.95% 0.37% 97.32% 0.00% 2.68% 100.00%
2012 96.55% 0.00% 96.55% 0.00% 3.45% 100.00%
2011 95.30% 0.00% 95.30% 0.00% 4.70% 100.00%
2010 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2009 98.38% 0.00% 98.38% 0.00% 1.62% 100.00%
2008 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2007 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2006 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2005 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Portfolio

Fund Holdings5,6 as of Sep 30, 2019

Holding Coupon Rate Maturity Date % of Net Assets
Fannie Mae Pool - CA3056 4.50% 02/01/2049 3.26%
Government National Mortgage Association 3.50% 09/20/2049 2.39%
Fannie Mae REMICS 4.50% 05/25/2045 1.73%
EV Cash Reserves Fund LLC 0.00% 1.70%
BlackRock Corporate High Yield Fund Inc 0.00% 1.34%
United States Dollar 1.22%
Freddie Mac REMICS 4.50% 01/15/2043 1.05%
Ginnie Mae II Pool - MA5530 5.00% 10/20/2048 0.96%
Freddie Mac REMICS 4.50% 10/15/2043 0.84%
Government National Mortgage Association 2.54% 08/20/2047 0.78%
View All

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.


Management

Payson F. Swaffield, CFA

Payson F. Swaffield, CFA

Vice President, Chief Income Investment Officer, Eaton Vance Management
Joined Eaton Vance 1990

Biography

Payson Swaffield is a vice president and chief income investment officer of Eaton Vance Management. He is responsible for all income disciplines at Eaton Vance, including investment-grade and high-yield bonds, floating-rate loans, global fixed income, municipal bonds and customized solutions for institutional and retail accounts. He joined Eaton Vance in 1990.

Payson began his career in the investment management industry in 1978. Before joining Eaton Vance, he held positions in valuation and corporate finance with Conning & Company, State Street Bank, Duff & Phelps, Inc. and in commercial lending with Northern Trust.

Payson earned a B.A. from Middlebury College and an MBA from the University of Chicago Booth School of Business. He served on the Board of the LSTA (Loan Syndications and Trading Association) from 2001-2008. Currently Payson serves as a Trustee on the board of the Museum of Science in Boston, and is a member of the investment advisory committee for the Iococca Family Foundation. He is a CFA charterholder.

Education
  • B.A. Middlebury College
  • M.B.A. Booth School of Business, University of Chicago

Experience
  • Managed Fund since inception

 
Catherine McDermott

Catherine McDermott

Vice President, Eaton Vance Management
Joined Eaton Vance 2000

Biography

Catherine McDermott is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance's floating-rate loan team. She is responsible for buy and sell decisions, portfolio construction and risk management for the firm's floating-rate loan strategies. Her focus is primarily on the automotive industry in addition to casinos, general industrial, theaters, packaging and consumer products. She joined Eaton Vance in 2000.

Catherine began her career in the investment management industry in 1988. Before joining Eaton Vance, she was a principal at Cypress Tree Investment Management and a vice president of corporate underwriting and research at Financial Security Assurance Inc.

Catherine earned a B.A., summa cum laude, from Boston College.

Education
  • B.A. Boston College

Experience
  • Managed Fund since 2008

 
Andrew Szczurowski, CFA

Andrew Szczurowski, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2007

Biography

Andrew Szczurowski is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s global income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s mortgage-backed securities strategies. He joined Eaton Vance in 2007.

Andrew began his career in the investment management industry in 2005. Before joining Eaton Vance, he was affiliated with BNY Mellon.

Andrew earned a B.S., cum laude, from Peter T. Paul College of Business and Economics at the University of New Hampshire. He is a member of the CFA Society of Boston and is a CFA charterholder.

Education
  • B.S. University of New Hampshire

Experience
  • Managed Fund since 2011

 
Eric Stein, CFA

Eric Stein, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2002; rejoined the firm in 2008

Biography

Eric Stein is a vice president of Eaton Vance Management, co-director of global income and portfolio manager in Eaton Vance's global income group. He is responsible for leading the entire 55-person global income team with investment professionals based in Boston, London, Frankfurt and Singapore, as well as for making specific buy and sell decisions and overall portfolio construction. He focuses on Asia, Western Europe and the Dollar Bloc. He also covers the policies and actions of the Federal Reserve and the U.S. Treasury. He originally joined Eaton Vance in 2002 and rejoined the company in 2008.

Eric began his career in the investment management industry with Eaton Vance in 2002. Eric previously worked on the Markets Desk of the Federal Reserve Bank of New York. He has additional experience at Citigroup Alternative Investments.

Eric earned a B.S., cum laude, from Boston University and an MBA, with honors, from the University of Chicago Booth School of Business. He is a term member of the Council on Foreign Relations. He is also a CFA charterholder and a member of the Boston Committee on Foreign Relations, Boston Economic Club, Business Associates Club, Enterprise Club, AEI Boston Council and the CFA Society Boston. Eric is on the board of overseers of Big Brothers Big Sisters of Massachusetts Bay, where he is also a member of the finance and audit committee.

Eric's commentary has appeared in The New York Times, The Wall Street Journal, Barron's, Financial Times, The Washington Post, Bloomberg, Dow Jones, Reuters, Kiplinger's and The Christian Science Monitor. He has been featured on CNBC, Fox News, Fox Business News, PBS, Bloomberg Radio and Bloomberg TV.

Education
  • B.S. Boston University
  • M.B.A. Booth School of Business, University of Chicago

Experience
  • Managed Fund since 2012

 
Kelley G. Baccei

Kelley G. Baccei

Vice President, Eaton Vance Management
Joined Eaton Vance 2005

Biography

Kelley Baccei is a vice president of Eaton Vance Management and a portfolio manager on Eaton Vance’s high-yield team. She is responsible for buy and sell decisions and portfolio construction. She joined Eaton Vance in 2005.

Kelley began her career in the investment management industry in 2000. Before joining Eaton Vance, she was the director of high-yield distressed research at Fieldstone Capital Group. Previously, she was associate director of fixed-income research at Scotia Capital Markets, Inc.

Kelley earned a B.A. from Boston College and a certificate in credit analysis from New York University.

Education
  • B.A. Boston College

Experience
  • Managed Fund since 2019

 

Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2019

Report of Organizational Actions Affecting Basis of Securities

Download - Last updated: Mar 31, 2012

Annual Report

Download - Last updated: Mar 31, 2019

Holdings-1st or 3rd fiscal quarters-www.sec.gov (beginning 3/31/2019)

Download

Holdings-1st or 3rd fiscal quarters-www.sec.gov

Download

Return of Capital Distributions Demystified

Download - Last updated: Dec 1, 2017

Information Concerning APS Auctions and Dividend Rates

Download - Last updated: Nov 20, 2019

Auction Preferred Shares Market Update

Download - Last updated: Oct 1, 2019

UNII Report

Download - Last updated: Sep 30, 2019

UNII Report

Download - Last updated: Aug 31, 2019

UNII Report

Download - Last updated: Jul 31, 2019

UNII Report

Download - Last updated: Jun 30, 2019

UNII Report

Download - Last updated: May 31, 2019

UNII Report

Download - Last updated: Apr 30, 2019

UNII Report

Download - Last updated: Mar 31, 2019

UNII Report

Download - Last updated: Feb 28, 2019

UNII Report

Download - Last updated: Jan 31, 2019

UNII Report

Download - Last updated: Dec 31, 2018

UNII Report

Download - Last updated: Nov 30, 2018

Eaton Vance Closed-End Funds Adopt Share Repurchase Programs

Download - Last updated: Nov 15, 2013

Eric A. Stein to Join Portfolio Management Team of Eaton Vance Limited Duration Income Fund and Eaton Vance Short Duration Diversified Income Fund

Download - Last updated: Nov 27, 2012

Moody's Downgrades

Download - Last updated: Jul 17, 2012

Trustees of Eaton Vance Limited Duration Income Fund Approve Change in Investment Policies

Download - Last updated: Mar 17, 2011

Distribution Dates and Amounts Announced For Eaton Vance Closed-End Funds

Download - Last updated: Nov 1, 2019

Eaton Vance Limited Duration Income Fund Announces Increase in Distribution

Download - Last updated: Oct 9, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Oct 1, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Sep 3, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Aug 1, 2019

Distribution Rates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jul 1, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jun 3, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: May 1, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Apr 1, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Mar 1, 2019

Eaton Vance Management Announces Portfolio Management Teams for Certain Closed-End Funds

Download - Last updated: Feb 25, 2019

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Feb 1, 2019

Eaton Vance Declares Early Monthly Distributions and Special Distributions for Certain Eaton Vance Closed-End Funds

Download - Last updated: Dec 18, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Dec 3, 2018

Distribution Dates and Amounts Annouced for Eaton Vance Closed-End Funds

Download - Last updated: Nov 1, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Oct 1, 2018

Eaton Vance Closed-End Funds Announce Final Results of Auction Preferred Shares Tender Offers

Download - Last updated: Sep 14, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Sep 4, 2018

Eaton Vance Closed-End Funds Announce Tender Offers For Outstanding Auction Preferred Shares

Download - Last updated: Aug 16, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End FUnds

Download - Last updated: Aug 1, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jul 2, 2018

Eaton Vance Closed-End Funds Announce Tender Offers for Outstanding Auction Preferred Shares

Download - Last updated: Jun 29, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jun 1, 2018

Distribution Dates and Amounts Announced For Eaton Vance Closed-End Funds

Download - Last updated: May 1, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Apr 2, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Mar 1, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Feb 1, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Jan 2, 2018

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Download - Last updated: Dec 1, 2017

Eaton Vance Limited Duration Income Fund and Eaton Vance Short Duration Diversified Income Fund Approve Change in Investment Policies

Download - Last updated: May 20, 2011

Section 16 Filings - www.sec.gov

Download - Last updated: Jun 30, 2011

Semi-Annual Report

Download - Last updated: Sep 30, 2018