Morgan Stanley ETF Trust - Eaton Vance Mortgage Opportunities ETF

Frequently Asked Questions About EVMO

What does EVMO invest in?

EVMO seeks a high level of current income by actively investing in mortgage-related securities, including mortgage pass-through securities, CMOs, SMBS, CMBS, inverse floaters, and TBAs, issued by US government entities or private institutions. It may invest up to 50% in high yield securities rated below investment grade and up to 20% in foreign securities. The adviser uses top-down macroeconomic and bottom-up security analysis, combining quantitative and fundamental approaches to narrow and select investments, with security selection as the primary focus. ESG factors may be considered when relevant. The fund may also invest in asset-backed and other US government securities and use derivatives for risk management or to adjust exposure. The fund converted from a Mutual Fund to an ETF with $598 million in assets.

What is the expense ratio of EVMO?

Morgan Stanley ETF Trust - Eaton Vance Mortgage Opportunities ETF (EVMO) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.

What is EVMO's dividend yield?

EVMO's trailing-twelve-month yield is 5.12%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of EVMO?

Effective duration measures EVMO's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. EVMO's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of EVMO?

EVMO's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of EVMO?

Yield to maturity (YTM) is the total return you'd earn from EVMO if every bond in the portfolio is held to maturity at the current price. EVMO's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.