Eaton Vance Short Duration Strategic Income Fund (ECSIX)
The fund is a "fund-of-funds" and seeks to achieve its investment objective of total return primarily by allocating assets among other registered investment companies managed by Eaton Vance and its affiliates that invest in different asset classes. It also may invest in securities and other instruments directly. Total return is defined as income plus capital appreciation. The fund is non-diversified.
Fund Info
| ISIN | US2779118551 |
|---|---|
| CUSIP | 277911855 |
| Issuer | Eaton Vance |
| Inception Date | May 24, 1994 |
| Category | Multisector Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
ECSIX has a high expense ratio of 1.82%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ECSIX vs. PIMIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Eaton Vance Short Duration Strategic Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Eaton Vance Short Duration Strategic Income Fund had a return of 1.13% year-to-date (YTD) and 5.64% in the last 12 months. Over the past 10 years, Eaton Vance Short Duration Strategic Income Fund had an annualized return of 2.53%, while the S&P 500 had an annualized return of 10.67%, indicating that Eaton Vance Short Duration Strategic Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.13% | 9.49% |
| 1 month | 1.35% | 1.20% |
| 6 months | 5.74% | 18.29% |
| 1 year | 5.64% | 26.44% |
| 5 years (annualized) | 3.29% | 12.64% |
| 10 years (annualized) | 2.53% | 10.67% |
Monthly Returns
The table below presents the monthly returns of ECSIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.36% | -0.61% | 1.17% | -1.57% | 1.13% | ||||||||
| 2023 | 1.97% | -0.44% | 0.68% | 0.20% | 0.04% | 0.52% | 0.69% | 0.04% | -1.42% | -0.62% | 2.71% | 2.82% | 7.32% |
| 2022 | -0.15% | -1.19% | -0.91% | 0.15% | -0.92% | -1.71% | -0.31% | 1.06% | -2.03% | 0.04% | 2.33% | 0.36% | -3.31% |
| 2021 | 0.58% | 0.29% | -0.29% | 0.29% | 0.43% | -0.15% | -0.29% | 0.29% | 0.00% | -0.44% | -0.59% | 0.60% | 0.69% |
| 2020 | 0.44% | 0.00% | -8.04% | 3.58% | 4.41% | 1.66% | 0.60% | 1.64% | -0.15% | 0.15% | 1.33% | 1.31% | 6.59% |
| 2019 | 2.27% | 0.89% | -0.30% | 1.19% | -0.15% | 1.18% | 1.03% | -0.59% | 0.59% | 0.15% | 0.73% | 1.36% | 8.64% |
| 2018 | 1.38% | -0.46% | -0.18% | -0.04% | -0.75% | -0.47% | 0.54% | -0.33% | -0.18% | -0.47% | -0.77% | -1.65% | -3.36% |
| 2017 | 0.68% | -0.04% | 0.97% | 0.68% | 0.24% | 0.25% | 0.10% | 0.10% | 0.10% | 0.67% | 0.25% | -0.04% | 4.04% |
| 2016 | -2.20% | -0.91% | 1.95% | 1.18% | 0.14% | -0.60% | 1.33% | 1.32% | 0.25% | 0.54% | 0.55% | 1.12% | 4.69% |
| 2015 | 0.70% | 1.53% | -0.40% | 0.42% | 0.28% | -0.68% | 0.01% | -1.53% | -2.27% | 1.16% | -0.15% | -0.44% | -1.42% |
| 2014 | -0.06% | 0.72% | 0.62% | 0.33% | 1.15% | 0.06% | 0.47% | 0.34% | 0.28% | 0.28% | 0.01% | -0.75% | 3.51% |
| 2013 | 0.84% | 0.04% | 0.71% | 0.57% | -0.70% | -2.40% | 0.34% | -1.39% | 0.47% | 0.89% | -0.07% | 0.35% | -0.42% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ECSIX is 59, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
ECSIX (Eaton Vance Short Duration Strategic Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance Short Duration Strategic Income Fund (ECSIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Eaton Vance Short Duration Strategic Income Fund granted a 6.26% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.39 | $0.30 | $0.24 | $0.24 | $0.42 | $0.21 | $0.21 | $0.22 | $0.24 | $0.45 | $0.30 |
Dividend yield | 6.26% | 6.19% | 4.78% | 3.54% | 3.47% | 6.26% | 3.19% | 2.96% | 3.20% | 3.54% | 6.21% | 4.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Short Duration Strategic Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.13 | |||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 | $0.42 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2014 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.18 | $0.45 |
| 2013 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Eaton Vance Short Duration Strategic Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Eaton Vance Short Duration Strategic Income Fund was 25.65%, occurring on Sep 14, 1998. Recovery took 74 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.65% | Jul 6, 1998 | 51 | Sep 14, 1998 | 74 | Dec 25, 1998 | 125 |
| -22.46% | Jan 4, 1999 | 9 | Jan 14, 1999 | 22 | Feb 15, 1999 | 31 |
| -22.45% | Dec 27, 1999 | 239 | Dec 5, 2000 | 599 | May 2, 2003 | 838 |
| -21.97% | Jul 6, 1999 | 29 | Aug 13, 1999 | 74 | Nov 25, 1999 | 103 |
| -21.7% | Jun 1, 1999 | 9 | Jun 11, 1999 | 16 | Jul 5, 1999 | 25 |
Volatility
Volatility Chart
The current Eaton Vance Short Duration Strategic Income Fund volatility is 1.58%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.