Yuji Sakai The Eaton Vance Short Duration Diversified Income Fund ( NYSE: EVG ) is a closed-end fund that provides a method for investors to obtain a high level of income from the assets in their portfolios. The fund manages to do fairly well at this task, as its shares currently boast an 8.67% yield, which is higher than most of the domestic fixed-income indices: Index TTM Yield Bloomberg U.
S. Aggregate Bond Index ( AGG ) 3.46% Bloomberg High Yield Very Liquid Index ( JNK ) 6.
62% ICE Exchange-Listed Preferred & Hybrid Securities Index ( PFF ) 6.28% JPMorgan Ultra-Short Income ETF ( JPST ) 4.82% Click to enlarge The Eaton Vance Short Duration Diversified Income Fund also manages to beat the 4.
93% to 5.50% yield of most money market funds. Thus, this fund boasts a significantly higher yield than many of the alternative assets that income-seeking investors might choose to purchase.
As such, it is likely to be appealing to many income-seeking investors. However, its yield is not as attractive as the one possessed by many of the fund’s peers: Fund Name Morningstar Classification Current Yield Eaton Vance Short Duration Diversified Income Fund Fixed Income-Taxable-Limited Duration 8.67% Allspring Multi-Sector Income Fund ( ERC ) Fixed Income-Taxable-Limited Duration 8.
66% BlackRock Limited Duration Income Trust ( BLW ) Fixed Income-Taxable-Limited Duration 9.25% Franklin Limited Duration Income Trust ( FTF ) Fixed Income-Taxable-Limited Duration 11.60% PCM Fund ( PCM ) Fixed Inc.
