Eaton Vance Short Duration High Income Fund (ESHIX)
The fund invests primarily in fixed-income securities rated below investment grade, including floating-rate loans and convertible securities. The fund invests in securities rated Baa or below by Moody's or BBB and below by S&P or Fitch and comparable rated securities, including securities rated below Caa1 by Moody's, CCC+ by S&P or CCC by Fitch Ratings at time of purchase or are unrated and of comparable quality as determined by the investment adviser. The Advisor intends to maintain a dollar-weighted average duration of three years or less.
Fund Info
ISIN | US27826A8392 |
---|---|
CUSIP | 27826A839 |
Issuer | Eaton Vance |
Inception Date | Nov 1, 2013 |
Category | High Yield Bonds |
Min. Investment | $1,000,000 |
Asset Class | Bond |
Expense Ratio
ESHIX has a high expense ratio of 0.66%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Eaton Vance Short Duration High 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 High Income Fund had a return of 2.23% year-to-date (YTD) and 8.23% in the last 12 months. Over the past 10 years, Eaton Vance Short Duration High Income Fund had an annualized return of 3.76%, while the S&P 500 had an annualized return of 10.64%, indicating that Eaton Vance Short Duration High Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.23% | 7.50% |
1 month | 0.56% | -1.61% |
6 months | 4.77% | 17.65% |
1 year | 8.23% | 26.26% |
5 years (annualized) | 3.79% | 11.73% |
10 years (annualized) | 3.76% | 10.64% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.44% | 0.43% | 0.89% | -0.01% | ||||||||
2023 | -0.35% | 1.82% | 1.47% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of ESHIX is 97, placing it in the top 3% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Eaton Vance Short Duration High Income Fund(ESHIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eaton Vance Short Duration High Income Fund (ESHIX) 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 High Income Fund granted a 6.49% dividend yield in the last twelve months. The annual payout for that period amounted to $0.58 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.58 | $0.56 | $0.44 | $0.38 | $0.46 | $0.45 | $0.46 | $0.47 | $0.42 | $0.40 | $0.44 |
Dividend yield | 6.49% | 6.25% | 5.07% | 4.04% | 4.83% | 4.71% | 5.00% | 4.86% | 4.30% | 4.32% | 4.48% |
Monthly Dividends
The table displays the monthly dividend distributions for Eaton Vance Short Duration High 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.05 | $0.05 | $0.05 | $0.05 | ||||||||
2023 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 |
2021 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
2015 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 |
2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 |
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 High 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 High Income Fund was 15.73%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-15.73% | Feb 14, 2020 | 26 | Mar 23, 2020 | 161 | Nov 9, 2020 | 187 |
-6.49% | Jan 3, 2022 | 185 | Sep 27, 2022 | 180 | Jun 15, 2023 | 365 |
-4.22% | Jun 3, 2015 | 176 | Feb 11, 2016 | 35 | Apr 4, 2016 | 211 |
-2.88% | Oct 4, 2018 | 57 | Dec 26, 2018 | 23 | Jan 30, 2019 | 80 |
-2.46% | Jul 8, 2014 | 114 | Dec 16, 2014 | 34 | Feb 5, 2015 | 148 |
Volatility
Volatility Chart
The current Eaton Vance Short Duration High Income Fund volatility is 0.72%, 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.