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Morningstar

Eaton Vance Government Opportunities R ERGOX

Morningstar Medalist Rating
Medalist Rating as of | See Eaton Vance Investment Hub
  • NAV / 1-Day Return 5.34  /  0.58 %
  • Total Assets 422.4 Mil
  • Adj. Expense Ratio
    1.300%
  • Expense Ratio 1.300%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category Short Government
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.47%
  • Effective Duration 4.22 years

USD | NAV as of Dec 05, 2023 | 1-Day Return as of Dec 05, 2023, 11:12 PM GMT+0

Morningstar’s Analysis ERGOX

Will ERGOX 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 ERGOX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ERGOX 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 ERGOX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Sharply higher yields expose latent risks of this short-duration government bond offering.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

Eaton Vance Government Opportunities’ complex strategy can lead to unexpected outcomes for investors seeking the relative safety of government-backed debt and downside protection in a short-duration fund. That and problematic portfolio decisions underpin a downgrade of the strategy's People and Process Pillar ratings to Below Average; all of its share classes receive Morningstar Analyst Ratings of Negative.

by Paul Olmsted
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings ERGOX

More ERGOX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 478
  • Other Holdings 4
  • % Assets in Top 10 Holdings 30.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association 6.5%

10.95
58,807,236
Securitized

Federal National Mortgage Association 6.5%

5.11
27,454,569
Securitized

Federal National Mortgage Association 6%

4.03
21,615,719
Securitized

Msilf Government Portfolio Msilf Government Portfolio

3.74
20,062,260
Cash and Equivalents

Federal Home Loan Mortgage Corporation 5.5%

2.64
14,158,192
Securitized

Fnma Pass-Thru I 5.5%

1.84
9,871,476
Securitized

UNISON TRUST 2021-1 4.5%

1.55
8,332,501
Securitized

Federal Home Loan Mortgage Corporation 5%

1.45
7,765,959
Securitized

Federal National Mortgage Association 6%

1.36
7,291,717
Securitized

Reap Hidden Hollow Reap Hidden Hollow

0.97
5,224,602
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