EVHY

Eaton Vance High Yield ETF

$53.05

+0.00%

Market closed. Last update: 12:27 PM ET

📎 Investment Objective

The Eaton Vance High Yield ETF seeks to provide high current income by investing primarily in a diversified portfolio of high-yield corporate bonds.

Overview

ETF tracking Eaton Vance High Yield ETF

Category High Yield

Issuer Other

Inception Date 2023-10-19

Market Cap $21.2M

Average Volume N/A

Dividend Yield 5.66%

52-Week Range $50.62 - $53.71

VWAP $53.02

Performance

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Investment Summary

📎 Investment Objective

The Eaton Vance High Yield ETF seeks to provide high current income by investing primarily in a diversified portfolio of high-yield corporate bonds.

🎯 Investment Strategy

The fund invests in a broad range of high-yield, high-risk corporate debt securities, commonly known as 'junk bonds'. The portfolio is actively managed, with the goal of generating attractive income while managing risk through diversification and credit analysis.

✨ Key Features

Focuses on high-yield corporate bonds to generate high current income
Actively managed portfolio to balance risk and return
Diversified exposure across high-yield issuers and sectors
No assets under management as the fund is not currently active

⚠️ Primary Risks

High-yield bonds carry greater credit risk than investment-grade bonds, with a higher risk of default
Exposure to interest rate risk, as bond prices decline when rates rise
Liquidity risk, as high-yield bonds may be less liquid than investment-grade debt
Potential for higher volatility compared to investment-grade bond funds

👤 Best For

The Eaton Vance High Yield ETF may be suitable for investors seeking high current income and who are willing to accept the higher risks associated with high-yield corporate bonds. This fund is generally considered more appropriate for investors with a higher risk tolerance and a longer investment horizon.