Eaton Vance Limited Duration Income Fund (NYSE American: EVV) is a closed-end management investment company that seeks to provide current income while maintaining a limited interest rate sensitivity through active portfolio management. The fund invests primarily in a diversified portfolio of fixed-income securities, targeting short to intermediate durations to help reduce the impact of rising interest rates. Its investment approach emphasizes capital preservation alongside income generation, making it suitable for investors with a moderate risk tolerance focused on consistent distributions.
The fund’s portfolio typically includes investment-grade corporate bonds, high-yield issues, mortgage- and asset-backed securities and U.S. government obligations. By maintaining a diversified mix of credit sectors and security types, the fund aims to capture attractive yield opportunities across the credit spectrum while managing downside risks. Portfolio managers employ rigorous credit research, scenario analysis and duration controls to seek attractive risk-adjusted returns relative to traditional short-term bond benchmarks.
Launched by Eaton Vance in the early 2010s, the fund draws on the firm’s long-standing heritage in fixed-income investing. Eaton Vance, founded in 1924 and headquartered in Boston, has developed a global asset management platform offering a broad range of equity, income and multi-asset strategies. In 2021, the firm became part of Morgan Stanley, enhancing its distribution capabilities and research resources while preserving its distinct investment culture and decision-making autonomy.
The day-to-day management of the fund is overseen by a team of dedicated fixed-income professionals based in Boston, supported by a global research network. Led by experienced portfolio managers with decades of credit-market expertise, the team focuses on identifying undervalued securities, assessing credit fundamentals and actively managing portfolio duration. Through disciplined risk management and a flexible investment mandate, the fund seeks to deliver income and preserve capital for a diverse investor base.
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