It’s certainly a good time to be an investor in Eaton Vance’s fixed income strategies.
In the past few weeks, the Eaton Vance Total Return Bond ETF (EVTR ) passed $1 billion threshold in assets under management. Formerly a mutual fund, EVTR was converted to an ETF in March 2024. Accruing over $1 billion in AUM marks a tremendous achievement for the fund to achieve in such a short time horizon.
Much of the success behind EVTR comes from Eaton Vance’s fund management strategy. EVTR operates as a core plus fixed income selection, blending an investment-grade bond bedrock with a tactical selection of high yield securities.
To seek out investments for EVTR’s portfolio, the Eaton Vance team applies a strategy that blends top-down and bottom-up themes. The fund holds an average portfolio duration that sits between three to five years.
This strategy has already begun to pay off for investors. As of December 9, 2024, the EVTR has a 30-day SEC yield of 4.79%.
These compelling returns also come with the added benefits of long-term results. As of December 10, 2024, EVTR’s NAV has risen over 8% over the last 12 months.
Celebrating Eaton Vance's Success
EVTR isn’t the only Eaton Vance ETF to recently pass this key milestone. A few months ago, the Eaton Vance Floating-Rate ETF (EVLN ) also surpassed $1 billion in assets under management. Much like EVTR, EVLN was formerly a mutual fund, converted to an ETF at the same time EVTR was.
See More: EVLN’s Floating-Rate Loan Strategy Hits $1 Billion in AUM
“Demand for actively managed fixed income ETFs has accelerated in 2024,” added Todd Rosenbluth, head of research at VettaFi. “Eaton Vance is leveraging significant expertise to help advisors navigate the bond market. It’s great to see EVTR cross a key asset milestone.”
For more news, information, and analysis, visit The ETF Yield Channel.
