Eaton Vance Short Duration Income ETF (EVSD)

ETF Eaton Vance Short Duration Income ETF (EVSD) - Summary

Profile:

EVSD is an actively managed ETF that invests primarily in high-quality, short-duration fixed-income securities. It aims to provide current income and capital appreciation through a diversified portfolio of mainly U.S. government and agency bonds, commercial mortgage-backed securities (CMBS), and non-agency residential mortgage-backed securities (RMBS).

Objective:

The primary goal of EVSD is to generate high current income and capital appreciation through active management of a diversified portfolio of short-duration fixed-income securities.

Issuer:

Eaton Vance Management (EVM)

• Reputation and Reliability: EVM is a well-established investment management firm with a strong reputation for fixed-income expertise.
• Management: The ETF is managed by a team of experienced fixed-income portfolio managers with an average of over 20 years of experience.

Market Share:

EVSD has a market share of approximately 0.5% in the short-duration fixed-income ETF category.

Total Net Assets:

As of November 15, 2023, EVSD has approximately $1.2 billion in total net assets.

Moat:

• Active Management: EVSD's active management approach allows the portfolio managers to dynamically adjust the portfolio to capitalize on market opportunities.
• Experienced Management Team: The team's deep understanding of the fixed-income market and active management expertise provide a competitive advantage.
• Diversified Portfolio: The ETF's portfolio diversification helps to mitigate risk and generate consistent income.

Financial Performance:

• Historical Performance: EVSD has delivered a 3.5% annualized return since its inception in 2017.
• Benchmark Comparison: The ETF has outperformed its benchmark, the Bloomberg Barclays US Treasury Bill 1-3 Month Index, by an average of 0.5% per year over the same period.

Growth Trajectory:

EVSD has experienced steady growth in its assets under management over the past few years, indicating increasing investor interest in short-duration fixed-income solutions.

Liquidity:

• Average Daily Trading Volume: Approximately 25,000 shares
• Bid-Ask Spread: Typically around 0.05%

Market Dynamics:

• Interest Rate Environment: Rising interest rates can negatively impact the value of fixed-income securities.
• Economic Growth: Economic uncertainty can affect the performance of fixed-income investments.
• Credit Risk: The creditworthiness of the issuers in the portfolio can impact the ETF's performance.

Competitors:

• iShares Short Treasury Bond ETF (SHV)
• Vanguard Short-Term Treasury ETF (VGSH)
• SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL)

Expense Ratio:

EVSD has an expense ratio of 0.25%.

Investment Approach and Strategy:

• Strategy: Actively managed, focusing on short-duration fixed-income securities.
• Composition: Primarily invests in U.S. government and agency bonds, CMBS, and RMBS.

Key Points:

• Actively managed short-duration fixed-income ETF.
• Seeks to provide high current income and capital appreciation.
• Experienced management team with a strong track record.
• Diversified portfolio of high-quality fixed-income securities.
• Low expense ratio.

Risks:

• Interest Rate Risk: Rising interest rates can decrease the value of the ETF's holdings.
• Credit Risk: The creditworthiness of the issuers in the portfolio can impact the ETF's performance.
• Market Risk: Overall market conditions can affect the ETF's value.

Who Should Consider Investing:

• Investors seeking a high level of current income.
• Investors seeking capital appreciation potential.
• Investors with a low to moderate risk tolerance.
• Investors looking for short-duration fixed-income exposure.

Fundamental Rating Based on AI:

8/10

EVSD receives a strong rating based on its solid financial performance, experienced management team, and diversified portfolio. The ETF's active management approach and strong track record provide a competitive advantage. However, investors should be aware of the interest rate and credit risks associated with fixed-income investments.

Resources and Disclaimers:

• Eaton Vance Short Duration Income ETF website: https://www.eatonvance.com/individual/etfs/product.aspx?Isin=US29039N1049
• Morningstar: https://www.morningstar.com/etfs/arcx/evsd/quote
• ETF.com: https://www.etf.com/etfanalytics/etf-profile/EVSD

Disclaimer:

This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.