Eaton Vance Ultra-Short Income ETF

Frequently Asked Questions About EVSB

What does EVSB invest in?

EVSB is designed to generate increased income while safeguarding principal. It achieves this by primarily allocating its investments to high-quality, short-duration debt instruments. A significant portion of its holdings is concentrated within the banking sector. The fund's portfolio also encompasses U.S. government bonds, pooled investment vehicles, and securities backed by assets or mortgages. While most of its investments are denominated in U.S. dollars, EVSB has the flexibility to allocate up to 25% of its total assets to foreign debt securities. The selection process for these investments involves considering prevailing economic trends, conducting extensive research, and evaluating pertinent environmental, social, and governance (ESG) factors. Although its main focus is on investment-grade assets, the fund can, if deemed appropriate, invest up to 10% of its assets in debt securities rated below investment grade. EVSB aims for a portfolio duration of a year or less, a target that might be extended during times of significant market volatility.

What is the expense ratio of EVSB?

Eaton Vance Ultra-Short Income ETF (EVSB) charges an expense ratio of 0.17%. This is the annual fee deducted from fund assets to cover management and operations.

What is EVSB's dividend yield?

EVSB's trailing-twelve-month yield is 4.58%, calculated from the sum of dividends over the past year divided by the current price.

Is EVSB a good long-term hold?

EVSB is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does EVSB's daily reset work?

EVSB rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is EVSB?

Eaton Vance Ultra-Short Income ETF (EVSB) manages $242.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.