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Morningstar

Eaton Vance Short Duration Gov Inc I EILDX

Morningstar Analyst Rating
Analyst rating as of | See Eaton Vance Investment Hub
  • NAV / 1-Day Return 7.51  /  0.01 %
  • Total Assets 5.3 Bil
  • Adj. Expense Ratio
    0.540%
  • Expense Ratio 0.520%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 3.22%
  • Effective Duration 0.82 years

USD | NAV as of Feb 07, 2023 | 1-Day Return as of Feb 07, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis EILDX

Will EILDX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable EILDX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the EILDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of EILDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This ultrashort bond strategy leans heavily on mortgage-backed securities.

Senior Analyst

Summary

| by Paul Olmsted

Eaton Vance Short Duration Government Income’s portfolio managers direct their resources to navigate the U.S. agency mortgage-backed securities market and manage its exposures to complex structures and duration hedging to form this ultrashort offering, earning Average People and Process Pillar ratings. It earns a Morningstar Analyst Rating of Neutral for its cheapest share class and Negative for its most expensive, reflecting its hefty price tag.

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