Eaton Vance Short Duration Diversified Income Fund and Eaton Vance Limited Duration Income Fund Announce Changes to Principal Investment Strategies

BOSTON--(BUSINESS WIRE)--Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) and Eaton Vance Limited Duration Income Fund (NYSE American: EVV) (each a “Fund” and, together, the “Funds”) announced that, effective October 17, 2025, each Fund will revise its principal investment strategies to: (i) remove the Fund's 25% minimum investment requirement in each of the Fund's stated investment categories; (ii) remove the Fund's current weighted average credit quality restriction; and, for EV.

Business Wire • Oct 17, 2025

EVG: Short Duration Losing Appeal And Discount Remains Tight

Eaton Vance Short Duration Diversified Income Fund offers diversified, short-duration fixed-income exposure, reducing interest rate sensitivity and appealing in higher-rate environments. EVG's discount to NAV has narrowed significantly over the years, now near parity, making valuation less attractive compared to historical averages and potentially limiting opportunistic upside. The fund's managed distribution policy has been reduced this year to what appears to be 8% of NAV, improving coverage, but with lower rates, coverage could compress once again.

Seeking Alpha • Oct 2, 2025

EVG: Multi-Sector Bond CEF With A High Leverage Factor

We rate EVG a 'Sell' due to its leverage, tight credit spreads, and minimal discount to NAV, which skew risk/reward to the downside. EVG's portfolio is overweight MBS and includes CLOs, resulting in high drawdowns during market stress compared to unleveraged ETF peers. The fund's discount to NAV has disappeared, removing a key margin of safety.

Seeking Alpha • Jul 2, 2025

EVG: Not An Attractive Entry Point Anymore For This CEF (Rating Downgrade)

The Eaton Vance Short Duration Diversified Income Fund is downgraded to 'Hold' after a 13% total return in 2024 due to stretched valuations. The fund's portfolio remains stable with 27.6% MBS, 25% leveraged loans, and 15.7% CLOs, balancing AAA-rated and below-investment-grade assets. Credit spreads are historically tight, posing a risk to the fund's NAV and price in a potential risk-off scenario.

Seeking Alpha • Dec 10, 2024

EVG: Falling Interest Rates Greatly Reduce This Fund's Appeal (Rating Downgrade)

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.

Seeking Alpha • Sep 23, 2024

EVG: A Good Choice For Income, But May Underperform A Regular Bond Fund

Eaton Vance Short Duration Diversified Income Fund offers a high yield of 8.67%, beating most debt indices, but this is lower than its peers. The EVG closed-end fund's price performance over the past three years has been better than its peers, which is probably due to its leverage not being as high as some of them. The fund employs leverage to boost yield, with a leverage ratio at the median level compared to peers, covering distributions with unrealized gains.

Seeking Alpha • Jun 12, 2024

EVG: This 9% Yielding CEF Is Finally Attractive

Eaton Vance Short Duration Diversified Income Fund is a fixed income CEF that is currently trading at a discount despite improved analytics and cash flows. The fund has a low duration achieved through holding floating rate leveraged loans and low-duration MBS bonds. EVG has overcome previous issues of overdistribution and now has a stable NAV, making it an attractive investment in the current high interest rate environment.

Seeking Alpha • Mar 28, 2024

Weekly Closed-End Fund Roundup: Tortoise Tender Results (November 19, 2023)

22 out of 22 CEF sectors positive on price and 21 out of 22 sectors positive on NAV. Tortoise tender offering results. Eaton Vance tender offer results.

Seeking Alpha • Dec 1, 2023

EVG: Improving Income Generation Is Positive, But Still Not Attractively Priced

Eaton Vance Short Duration Diversified Income Fund is a multi-sector bond fund that incorporates various exposures of floating and fixed rates within its portfolio. The fund has a flexible investment policy and aims to provide a high level of current income while also seeking capital appreciation. EVG has performed well since our last update, but its discount to net asset value per share is not attractive, leading to a "Hold" rating.

Seeking Alpha • Sep 26, 2023

Ticking Time Bombs: 3 EV Charging Stocks to Dump Before the Damage Is Done

The electric vehicle (EV) market is booming in 2023, accounting for 19.1% of total car sales with global sales expected to reach 14.5 million units by the end of the year. Tesla (NASDAQ: TSLA ) and the general rise of EVs have been fed by the growing electric vehicle charging infrastructure across the United States and elsewhere.

InvestorPlace • Sep 26, 2023