Business Description
Managed by Eaton Vance Management, this U.S.-based closed-end fund focuses on short-term fixed income investments, including floating-rate loans, foreign currency bank deposits, overseas government and corporate debt, and mortgage-backed securities. The fund maintains an average investment duration of 1.76 years and targets holdings rated at least BBB, spreading its exposure across a wide range of sectors. Its performance is measured against the S&P/LSTA Leveraged Loan Index, and the fund has been in operation since February 2005.
