Nick Ackerman Investing Group

Summary

Eaton Vance Limited Duration Income Fund now trades at a deep discount, making it a much more enticing income play.

EVV’s multi-sector fixed-income portfolio, with material floating-rate exposure, helps limit duration and partially or fully offset rising borrowing costs.

The fund’s managed distribution policy, in the face of pressure on its NAV, has meant lower payouts, but the discount gives the market rate a sizeable 'boost' currently.

This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More »

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Written by Nick Ackerman, co-produced by Stanford Chemist

Eaton Vance Limited Duration Income Fund (EVV) has been facing pressure from higher risk-free rates, though its "limited" duration kept it relatively better compared to longer-duration assets.…