Eaton Vance Ultra-Short Income ETF (EVSB)
Eaton Vance Ultra-Short Income ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $50.82, up 0.00% on the session, giving a market capitalisation of $229.2M. Its beta of 0.01 implies it has historically moved less than the broad market.
EVSB is designed to generate increased income while safeguarding principal. It achieves this by primarily allocating its investments to high-quality, short-duration debt instruments. A significant portion of its holdings is concentrated within the banking sector. The fund's portfolio also encompasses U.S. government bonds, pooled investment vehicles, and securities backed by assets or mortgages. While most of its investments are denominated in U.S. dollars, EVSB has the flexibility to allocate up to 25% of its total assets to foreign debt securities. The selection process for these investments involves considering prevailing economic trends, conducting extensive research, and evaluating pertinent environmental, social, and governance (ESG) factors. Although its main focus is on investment-grade assets, the fund can, if deemed appropriate, invest up to 10% of its assets in debt securities rated below investment grade. EVSB aims for a portfolio duration of a year or less, a target that might be extended during times of significant market volatility.
Eaton Vance Ultra-Short Income ETF is most often compared with the following Financial Services names: