EVV: Reasonable Performance Despite Rising Rates, But Distribution May Be Troubled

The Eaton Vance Limited Duration Income Fund (NYSE:EVV) is a closed-end fund, or CEF, that specializes in providing a high level of current income to its investors. The fund's very name implies this, and its current 10.75% yield reinforces this conclusion. As everyone reading this is no doubt well aware though, many income-focused investment options have seen considerable price weakness over the past few months. This is mostly driven by a repricing of yield. After all, the ten-year U.S. Treasury (US10Y) has fallen in price and seen its yield increase significantly since mid-July. As we can see here, on July 31, 2023, the ten-year U.S.

seekingalpha.com     Oct 31, 2023