EVV - Eaton Vance Ltd Duration Income Fund

What this means for you

Sit Investment has told the regulator it may push for changes at this fund. That usually means asking the fund to buy back shares at close to the full value of its holdings, to change who runs it, or to close down and pay holders out.

Nothing is required of you now. If the fund itself announces a buy-back or a vote, it appears in the box above with the date by which you would need to act.

Large investors can also sell down and walk away. We show every notice they file, the day it is filed.

Email me if this changes

What happened, and when

1. Oct 1, 2026

   Sit Investment filed an updated notice; it still owns 7.7%, as a passive investor.

   Original document →

2. Sept 29, 2026

   Sit Investment raised its stake to 7.7% (from 6.6%). It has said it may push for changes.

   Original document →

3. Aug 14, 2026

   The fund said it will repay some borrowed money on Sept 15, 2026.

   Original document →

4. July 8, 2026

   Morgan Stanley sold down below 5% of the fund's preferred shares and stopped reporting.

   Original document →

5. May 29, 2026

   UBS AG sold down below 5% of the fund's preferred shares and stopped reporting.

   Original document →

About this fund

• Run by Eaton Vance Management. Part of the Eaton Vance fund family. As of March 31, 2026, from the fund's yearly report. Original document →
• Size: about $1.18 billion of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 39% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.2% a year in management fees; 4% a year in total, including interest on borrowed money. Fiscal year ended March 31, 2026. As of March 31, 2026, from the fund's yearly report. Original document →
  Among the 90 funds we follow that invest in bonds, 51 charge a lower management fee and 62 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• Payouts: last fiscal year (ended March 31, 2026) the fund paid $0.88 a share. $0.67 of that was income; $0.21 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of March 31, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (March 31, 2026): $10.13. The shares traded at $9.45, about 6.7% below that. As of March 31, 2026, from the fund's yearly report. Original document →
• How the holdings did: up 2.3% over the last three months we have (April-June 2026), before the share price is taken into account. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2003.

How this has changed

• Payouts per share: $0.88 in the fiscal year ended March 31, 2026; $0.94 in the year ended March 31, 2025; $0.94 in the year ended March 31, 2024.As of March 31, 2026, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $0.21 in the year ended March 31, 2026; $0.25 in the year ended March 31, 2025; $0.24 in the year ended March 31, 2024.As of March 31, 2026, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 4.04% a year in the fiscal year ended March 31, 2026; 3.97% a year in the year ended March 31, 2025; 3.36% a year in the year ended March 31, 2024.As of March 31, 2026, from the fund's annual report. Original document →
• Size of the holdings: about $1.18 billion at March 31, 2026; $1.21 billion at March 31, 2025; $1.23 billion at March 31, 2024. From the fund's quarterly holdings reports. Original documents: March 31, 2026 →, March 31, 2025 →, March 31, 2024 →.
• Borrowing: about 45% on top of its own money at March 31, 2026; 43% at March 31, 2025; 40% at March 31, 2024. From the fund's quarterly holdings reports. Original documents: March 31, 2026 →, March 31, 2025 →, March 31, 2024 →.
• The fund had about 116 million shares at March 31, 2026, about the same as at March 31, 2024.As of March 31, 2026, from the fund's annual report. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended March 31, 2026: the shares returned +3.3%, counting payouts; the holdings +6.3%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of March 31, 2026, from the fund's annual report. Original document →
• The year ended March 31, 2025: the shares returned +12.3%, counting payouts; the holdings +7.4%. As of March 31, 2025, from the fund's annual report. Original document →
• The year ended March 31, 2024: the shares returned +9.4%, counting payouts; the holdings +11.7%. As of March 31, 2024, from the fund's annual report. Original document →
• The year ended March 31, 2023: the shares returned -5.3%, counting payouts; the holdings -4%. As of March 31, 2023, from the fund's annual report. Original document →
• The year ended March 31, 2022: the shares returned +1.7%, counting payouts; the holdings -0.4%. As of March 31, 2022, from the fund's annual report. Original document →
• Those five years together: the shares returned +22.3%. $10,000 of shares bought at the start (April 1, 2021) would have become about $12,200 by March 31, 2026, with every payout counted, before tax. As of March 31, 2026, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to June 30, 2026: +4.9%. The quarterly reports carry no share price, so this is the holdings alone. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Of the 76 funds that invest in bonds with a fiscal year ending within six months of this one, 54 reported a higher share return for that year and 21 a lower one. As of March 31, 2026, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly mortgage bonds (37%), the rest bonds, loans and asset-backed bonds. About 80% issued in the U.S.

1. Umbs, TBA, Uniform Mortgage-Backed Security, TBA - 8.6%
2. Government National Mortgage Association - 8.2%
3. Freddie Mac REMICS - 6.2%
4. CHI Commercial Mortgage Trust 2025-110W - 2.3%
5. GSAT Trust 2025-BMF - 2.2%
6. Fannie Mae REMICS - 1.8%
7. BlackRock Corporate High Yield Fund - 1.6%
8. Loandepot GMSR Master Trust, loanDepot FAMSR Master Trust - 1.1%
9. SPGN TFLM Mortgage Trust, SPGN Trust 2026-TFLM - 0.8%
10. Beach Acquisition Bidco LLC - 0.8%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →