Eaton Vance Ladders are part of the Custom Beta suite of separately managed account strategies that provide the benefits of passive investing along with tax and personalization advantages not available in ETFs.

Custom Beta strategies include Eaton Vance Ladders and Parametric Custom Core™ equity portfolios. Learn more about Custom Beta.



Explore our award-winning Laddered Investing Interest Rate Scenario Tool

Our laddering tool was named a 2016 Industry Awards winner by WealthManagement.com.* The tool allows advisors and clients to explore how laddered bond strategies perform in different interest-rate scenarios.

Explore the tool


Build custom bond ladders with confidence and ease

Eaton Vance Ladders are available for corporate or municipal bond portfolios.


 

Municipal Bond Ladders

Corporate Bond Ladders

Objective

Seeks predictable tax-free income1 and capital preservation

Seeks predictable income and capital preservation from high-quality corporate bonds

Strategy

  • Rules-based to give clients predictable market exposure similar to an index
  • Customized: Target the precise maturity range, credit quality and state exposure a client desires
  • Constructed with municipal bonds that we identify as attractively valued
  • Limited or no turnover
  • Equally weighted with credit oversight
  • Rules-based to give clients predictable market exposure similar to an index
  • Customized: Target the precise maturity range, credit quality and reinvestment options
  • Constructed with high-quality corporate bonds that we identify as attractively valued
  • Limited or no turnover

Credit quality options2

AA | A | BBB

Choice between investment grade (BBB- or better) and A- or better

State options

National State-Specific: CA, MA, MI, MN, NJ, NY, OH, PA, TX
State Preference: AZ, CO, CT, GA, MD, MO NC, OR, VA

 

Average duration

Any combination of maturity ranges between 1 to 20 years

Any combination of maturity ranges within 1-10 years, minimum of two bonds per maturity

Expertise

A tailored, engineered approach to municipal bond investing

  • Guided by one of the largest and most experienced credit teams in the industry

A customizable approach using fundamental credit research

  • Supported by a dedicated team of experienced credit analysts with institutional buying power

 

See how a laddered municipal bond portfolio may perform in a rising rate environment

Explore the tool

See how a laddered corporate bond portfolio may perform in a rising rate environment

Explore the tool




This information is intended solely to report on investment strategies and opportunities identified by Parametric and Eaton Vance. Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. We believe the information provided here is reliable, but do not warrant its accuracy or completeness. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Past performance is no guarantee of future results. The views and strategies described may not be suitable for all investors. Parametric and Eaton Vance do not provide legal, tax and/or accounting advice or services. Clients should consult with their own tax or legal advisor prior to entering into any transaction or strategy described herein.

Investing entails risk and there is no assurance that Eaton Vance or Parametric will achieve profits or avoid incurring losses.


* The WealthManagement.com Industry Awards honor outstanding achievements by companies and organizations that support financial advisor success. A panel of judges made up of top names in the industry determined the 2016 award winners from over 400 nominations by over 300 companies. Criteria included quantitative measures—such as specific feature set, usage, adoption, scope, scale and advisor survey scores. Winners were announced on September 29, 2016. For more information, visit http://wealthmanagement.com/industry-awards/industry-awards-2016.

1 Income is federally tax-exempt, some state, and is not subject to AMT.

2 Investing involves risk, including possible loss of principal.

About Risk
Municipal securities are subject to the risk that legislative changes and local and business developments may adversely affect the yield or value of the strategy’s investments in such securities. Municipal securities are subject to credit risk, which is the risk that the issuer could default on interest or principal payments. Municipal securities are subject to interest-rate risk. Rising interest rates could reduce the value of the bonds in the portfolio, thus adversely affecting the value of the overall investment.

Corporate laddered investments in corporate debt obligations are subject to the risk of non-payment of principal and interest. Changes in economic conditions or other circumstances may reduce the capacity of the party obligated to make principal and interest payments on such instruments and may lead to defaults. Such non-payments and defaults may reduce income distributions. The value of a debt obligation also may decline because of concerns about the issuer’s ability to make principal and interest payments. In addition, the credit ratings of income securities may be lowered if the financial condition of the party obligated to make payments with respect to such instruments change.