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Eaton Vance Limited Duration Income Fund

AMEX:EVV
Snowflake Description

Imperfect balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EVV
AMEX
$1B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Eaton Vance Limited Duration Income Fund is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The last earnings update was 142 days ago. More info.


Add to Portfolio Compare Print
  • Eaton Vance Limited Duration Income Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
EVV Share Price and Events
7 Day Returns
1.4%
AMEX:EVV
3%
US Capital Markets
0.8%
US Market
1 Year Returns
-2.5%
AMEX:EVV
-6.1%
US Capital Markets
5.9%
US Market
EVV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eaton Vance Limited Duration Income Fund (EVV) 1.4% 0.7% 4.2% -2.5% -4.1% -17.5%
US Capital Markets 3% 3.6% 5.5% -6.1% 57.3% 69.2%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • EVV outperformed the Capital Markets industry which returned -6.1% over the past year.
  • EVV underperformed the Market in United States of America which returned 5.9% over the past year.

EVV Value

 Is Eaton Vance Limited Duration Income Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Eaton Vance Limited Duration Income Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Eaton Vance Limited Duration Income Fund.

AMEX:EVV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $14.95 * 3.7%
$0.56
Book Value of Equity per Share Median Book Value from the past 5 years. $14.95
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:EVV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.727 (1 + (1- 21%) (52.45%))
1.019
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.019 * 5.96%)
8.8%

Discounted Cash Flow Calculation for AMEX:EVV using Excess Returns Model Model

The calculations below outline how an intrinsic value for Eaton Vance Limited Duration Income Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AMEX:EVV Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.7% – 8.8%) * $14.95)
$-0.76
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.76 / (8.8% - 2.73%)
$-12.49
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $14.95 + $-12.49
$2.46
AMEX:EVV Discount to Share Price
Calculation Result
Value per share (USD) From above. $2.46
Current discount Discount to share price of $12.72
= -1 x ($12.72 - $2.46) / $2.46
-417.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Eaton Vance Limited Duration Income Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Eaton Vance Limited Duration Income Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eaton Vance Limited Duration Income Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:EVV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.40
AMEX:EVV Share Price ** AMEX (2019-04-18) in USD $12.72
United States of America Capital Markets Industry PE Ratio Median Figure of 88 Publicly-Listed Capital Markets Companies 30.03x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Eaton Vance Limited Duration Income Fund.

AMEX:EVV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:EVV Share Price ÷ EPS (both in USD)

= 12.72 ÷ 0.40

31.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eaton Vance Limited Duration Income Fund is overvalued based on earnings compared to the US Capital Markets industry average.
  • Eaton Vance Limited Duration Income Fund is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Eaton Vance Limited Duration Income Fund's expected growth come at a high price?
Raw Data
AMEX:EVV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 2.32x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Eaton Vance Limited Duration Income Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Eaton Vance Limited Duration Income Fund's assets?
Raw Data
AMEX:EVV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $14.67
AMEX:EVV Share Price * AMEX (2019-04-18) in USD $12.72
United States of America Capital Markets Industry PB Ratio Median Figure of 166 Publicly-Listed Capital Markets Companies 6.42x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
AMEX:EVV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:EVV Share Price ÷ Book Value per Share (both in USD)

= 12.72 ÷ 14.67

0.87x

* Primary Listing of Eaton Vance Limited Duration Income Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eaton Vance Limited Duration Income Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Eaton Vance Limited Duration Income Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Eaton Vance Limited Duration Income Fund has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EVV Future Performance

 How is Eaton Vance Limited Duration Income Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Eaton Vance Limited Duration Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eaton Vance Limited Duration Income Fund expected to grow at an attractive rate?
  • Unable to compare Eaton Vance Limited Duration Income Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Eaton Vance Limited Duration Income Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Eaton Vance Limited Duration Income Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:EVV Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:EVV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:EVV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 138 119 47
2018-06-30 136 94 58
2018-03-31 134 70 70
2017-12-31 135 99 96
2017-09-30 136 128 122
2017-06-30 138 182 161
2017-03-31 140 236 200
2016-12-31 143 274 179
2016-09-30 146 311 159
2016-06-30 148 294 62
2016-03-31 149 277 -36
2015-12-31 151 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Eaton Vance Limited Duration Income Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Eaton Vance Limited Duration Income Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:EVV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Eaton Vance Limited Duration Income Fund Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:EVV Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 0.40
2018-06-30 0.50
2018-03-31 0.60
2017-12-31 0.83
2017-09-30 1.05
2017-06-30 1.39
2017-03-31 1.72
2016-12-31 1.54
2016-09-30 1.37
2016-06-30 0.53
2016-03-31 -0.31
2015-12-31 0.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Eaton Vance Limited Duration Income Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Eaton Vance Limited Duration Income Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Eaton Vance Limited Duration Income Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EVV Past Performance

  How has Eaton Vance Limited Duration Income Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Eaton Vance Limited Duration Income Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Eaton Vance Limited Duration Income Fund's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Eaton Vance Limited Duration Income Fund's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Eaton Vance Limited Duration Income Fund's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Eaton Vance Limited Duration Income Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Eaton Vance Limited Duration Income Fund Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:EVV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 137.58 46.88 22.73
2018-06-30 135.88 58.33 22.76
2018-03-31 134.18 69.79 22.79
2017-12-31 134.97 96.06 22.79
2017-09-30 135.77 122.33 22.79
2017-06-30 137.93 161.00 22.89
2017-03-31 140.10 199.67 22.99
2016-12-31 143.05 179.40 23.21
2016-09-30 146.01 159.13 23.43
2016-06-30 147.75 61.59 23.77
2016-03-31 149.49 -35.95 24.11
2015-12-31 151.08 12.80 24.32
2015-09-30 154.71 2.99 24.88
2015-06-30 156.49 8.46 25.32
2015-03-31 158.72 74.62 25.71
2014-12-31 157.05 59.58 25.95
2014-09-30 159.03 117.53 25.83
2014-06-30 156.14 177.05 25.28
2014-03-31 152.89 112.79 24.65
2013-12-31 144.98 113.17 23.91
2013-09-30 147.22 97.53 23.16
2013-06-30 150.35 127.29 22.79
2013-03-31 153.45 182.51 22.61
2012-12-31 164.05 196.46 22.93
2012-09-30 173.07 258.09 24.96
2012-06-30 161.41 86.32 23.17

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Eaton Vance Limited Duration Income Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Eaton Vance Limited Duration Income Fund used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Eaton Vance Limited Duration Income Fund's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Eaton Vance Limited Duration Income Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Eaton Vance Limited Duration Income Fund has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EVV Health

 How is Eaton Vance Limited Duration Income Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Eaton Vance Limited Duration Income Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eaton Vance Limited Duration Income Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Eaton Vance Limited Duration Income Fund's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Eaton Vance Limited Duration Income Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Eaton Vance Limited Duration Income Fund Company Filings, last reported 6 months ago.

AMEX:EVV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 1,919.87 774.90 11.89
2018-06-30 1,919.87 774.90 11.89
2018-03-31 1,979.32 774.77 30.54
2017-12-31 1,979.32 774.77 30.54
2017-09-30 2,028.02 735.92 12.68
2017-06-30 2,028.02 735.92 12.68
2017-03-31 2,021.79 712.92 15.60
2016-12-31 2,021.79 712.92 15.60
2016-09-30 2,022.24 738.27 6.40
2016-06-30 2,022.24 738.27 6.40
2016-03-31 1,951.65 811.36 9.56
2015-12-31 1,951.65 811.36 9.56
2015-09-30 2,004.46 912.46 14.39
2015-06-30 2,004.46 912.46 14.39
2015-03-31 2,148.62 930.64 15.80
2014-12-31 2,161.99 965.31 18.50
2014-09-30 2,161.99 965.31 18.50
2014-06-30 2,217.45 947.13 27.38
2014-03-31 2,217.45 947.13 27.38
2013-12-31 2,187.92 790.63 12.56
2013-09-30 2,187.92 790.63 12.56
2013-06-30 2,247.45 603.12 13.35
2013-03-31 2,247.45 603.12 13.35
2012-12-31 2,232.44 473.73 1.52
2012-09-30 2,232.44 473.73 1.52
2012-06-30 2,208.13 501.97 1.41
  • Eaton Vance Limited Duration Income Fund's level of debt (40.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36.1% vs 40.4% today).
  • Debt is not well covered by operating cash flow (15.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.2x coverage).
X
Financial health checks
We assess Eaton Vance Limited Duration Income Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Eaton Vance Limited Duration Income Fund has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EVV Dividends

 What is Eaton Vance Limited Duration Income Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.32%
Current annual income from Eaton Vance Limited Duration Income Fund dividends.
If you bought $2,000 of Eaton Vance Limited Duration Income Fund shares you are expected to receive $126 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Eaton Vance Limited Duration Income Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Eaton Vance Limited Duration Income Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:EVV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:EVV Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.804 6.372
2019-02-01 0.804 6.411
2018-12-18 0.804 6.672
2018-12-03 0.804 6.661
2018-11-01 0.804 6.575
2018-10-01 0.804 6.488
2018-09-04 0.804 6.304
2018-08-01 0.804 6.327
2018-06-01 0.804 6.383
2018-05-01 0.804 6.271
2018-04-02 0.967 7.418
2018-03-01 0.967 7.418
2018-02-01 0.967 7.345
2017-12-01 0.967 7.155
2017-11-01 0.967 7.073
2017-10-02 0.967 6.904
2017-09-01 0.967 6.936
2017-08-01 0.967 6.907
2017-07-03 0.967 6.880
2017-06-01 0.967 6.937
2017-04-03 0.967 6.927
2017-02-01 1.040 7.414
2017-01-03 1.040 7.495
2016-12-01 1.040 7.683
2016-11-01 1.040 7.891
2016-10-03 1.040 7.719
2016-09-01 1.040 7.643
2016-08-01 1.220 8.854
2016-07-01 1.220 8.994
2016-06-01 1.220 9.146
2016-05-02 1.220 9.238
2016-04-01 1.220 9.267
2016-03-01 1.220 9.457
2016-01-04 1.220 9.988
2015-12-01 1.220 9.696
2015-11-02 1.220 9.470
2015-10-01 1.220 9.395
2015-09-01 1.220 9.409
2015-08-03 1.220 9.169
2015-06-01 1.220 8.876
2015-05-01 1.220 8.519
2015-04-02 1.220 8.419
2015-03-02 1.220 8.531
2015-02-02 1.220 8.571
2015-01-02 1.220 8.685
2014-12-01 1.220 8.746
2014-10-01 1.220 8.426
2014-09-02 1.220 8.261
2014-08-01 1.220 8.109
2014-07-01 1.220 7.932
2014-06-02 1.220 7.846
2014-05-01 1.220 7.882
2014-04-01 1.220 7.985
2014-03-03 1.220 7.957
2014-02-03 1.220 7.991
2014-01-02 1.220 8.005
2013-12-02 1.220 8.134
2013-11-01 1.220 8.135
2013-10-01 1.220 8.044
2013-09-03 1.220 8.082
2013-08-01 1.220 8.203
2013-07-01 1.220 7.905
2013-06-03 1.220 7.729
2013-05-01 1.220 7.036
2013-04-01 1.220 7.041
2013-03-01 1.220 7.042
2013-02-01 1.220 7.084
2013-01-02 1.220 7.159
2012-10-01 1.250 7.403
2012-09-04 1.250 7.444
2012-08-01 1.250 7.490
2012-07-02 1.250 7.582
2012-06-01 1.250 7.775
2012-05-01 1.250 7.759
2012-04-02 1.250 7.764
2012-02-01 1.250 7.834
2012-01-03 1.250 8.006
2011-12-01 1.250 8.256
2011-11-01 1.250 8.435
2011-10-03 1.250 8.541
2011-09-01 1.250 8.355
2011-08-01 1.250 8.199
2011-07-01 1.250 7.588
2011-06-01 1.250 7.671
2011-05-02 1.250 7.672
2011-04-01 1.250 7.820
2011-03-01 1.390 8.733
2011-02-01 1.390 8.722
2010-12-22 1.390 8.761
2010-12-01 1.390 8.767
2010-11-01 1.390 8.520
2010-10-01 1.390 8.423
2010-09-01 1.390 8.505
2010-08-02 1.390 8.547
2010-07-01 1.390 8.708
2010-06-01 1.390 8.768
2010-05-03 1.390 8.874
2010-04-01 1.390 8.547
2010-03-01 1.390 8.861
2010-02-01 1.390 8.906
2009-12-22 1.390 9.071
2009-12-01 1.390 9.331
2009-11-02 1.390 9.645
2009-10-01 1.300 8.972
2009-09-01 1.300 9.100
2009-08-03 1.300 9.412
2009-07-02 1.300 9.756
2009-06-01 1.300 10.198
2009-05-01 1.300 10.829
2009-04-20 1.300 11.298

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Eaton Vance Limited Duration Income Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Eaton Vance Limited Duration Income Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Eaton Vance Limited Duration Income Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eaton Vance Limited Duration Income Fund has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EVV Management

 What is the CEO of Eaton Vance Limited Duration Income Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Thomas Faust
AGE 60
CEO Bio

Mr. Thomas E. Faust, Jr., also known as Tom, CFA is a member of the Eaton Vance Fund Boards since 2007. He is Director and President of Eaton Vance, Inc., Chief Executive Officer and President of Eaton Vance and Boston Management and Research, and Director of Eaton Vance Distributors Inc. He serves as the Chief Executive Officer, President, and Chairman of Eaton Vance Management. He is Trustee and/or officer of 174 registered investment companies. He has been the Chief Executive Officer at Eaton Vance Corp. since November 1, 2007 and its President since January 17, 2006 and serves as Chairman since November 1, 2007 and Director since January 2002 and was previously the Chief Investment Officer since November 2001 until October 2007, Chief Equity Investment Officer and Head of the Equity Investment Group from 1995 to 2001, Executive Vice President since 2000 until January 2006, Vice President since 1987 until January 2000, Equity Research Analyst since 1985, Director of Equity Research and Management and Portfolio Manager. Mr. Faust joined Eaton Vance in 1985. He served as an Interim Chief Equity Investment Officer at Eaton Vance Management from October 31, 2013 to April 29, 2014. Prior to this, he was a Portfolio Manager at Parametric Portfolio Associates LLC and a Research Engineer at International Paper Company. Mr. Faust has been a Director of Hexavest Inc. since 2012 and SigFig Wealth Management LLC since 2016. He is a Member of the Board of Governors of the Investment Company Institute. He has been a Chartered Financial Analyst since 1988. Mr. Faust has earned an M.B.A. from Harvard Business School in 1985 and a B.S. degree in Economics and Mechanical Engineering from the Massachusetts Institute of Technology in 1981.

CEO Compensation
  • Insufficient data for Thomas to compare compensation growth.
  • Insufficient data for Thomas to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Thomas Faust

TITLE
Chief Executive Officer and Interested Trustee
AGE
60

Westy Saltonstall

TITLE
Member of Management Board

Paul O'Neil

TITLE
Chief Compliance Officer
AGE
65

Maureen Gemma

TITLE
Chief Legal Officer
AGE
58

James Kirchner

TITLE
Treasurer
AGE
51

Mike Weilheimer

TITLE
Portfolio Manager
AGE
57

Payson Swaffield

TITLE
President

Scott Page

TITLE
Portfolio Manager
AGE
59

Cathy McDermott

TITLE
Portfolio Manager
AGE
54

Andrew Szczurowski

TITLE
Portfolio Manager
AGE
35
Board of Directors Tenure

Average tenure and age of the Eaton Vance Limited Duration Income Fund board of directors in years:

9.4
Average Tenure
68
Average Age
  • The tenure for the Eaton Vance Limited Duration Income Fund board of directors is about average.
Board of Directors

Ralph Verni

TITLE
Independent Chairperson
COMPENSATION
$10K
AGE
75
TENURE
12.3 yrs

Thomas Faust

TITLE
Chief Executive Officer and Interested Trustee
AGE
60
TENURE
12.3 yrs

William Park

TITLE
Noninterested Trustee
COMPENSATION
$7K
AGE
71
TENURE
16.3 yrs

Tee Taggart

TITLE
Noninterested Trustee
COMPENSATION
$7K
AGE
70
TENURE
7.6 yrs

Scott Eston

TITLE
Noninterested Trustee
COMPENSATION
$7K
AGE
62
TENURE
7.6 yrs

Ronald Pearlman

TITLE
Noninterested Trustee
COMPENSATION
$7K
AGE
78
TENURE
16.3 yrs

Helen Peters

TITLE
Noninterested Trustee
COMPENSATION
$7K
AGE
70
TENURE
11.3 yrs

Valerie Mosley

TITLE
Noninterested Trustee
COMPENSATION
$2K
AGE
58
TENURE
5.3 yrs

Cynthia Frost

TITLE
Noninterested Trustee
COMPENSATION
$7K
AGE
57
TENURE
4.9 yrs

George Gorman

TITLE
Noninterested Trustee
COMPENSATION
$7K
AGE
66
TENURE
4.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. Jan 19 Sell UBS Asset Management Company 04. Jan 19 04. Jan 19 -25,010 $12.09 $-302,290
07. Jan 19 Sell UBS Asset Management Company 03. Jan 19 03. Jan 19 -27,794 $11.89 $-330,437
04. Jan 19 Sell UBS Asset Management Company 02. Jan 19 02. Jan 19 -94,595 $11.87 $-1,122,664
X
Management checks
We assess Eaton Vance Limited Duration Income Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Eaton Vance Limited Duration Income Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EVV News

Simply Wall St News

EVV Company Info

Description

Eaton Vance Limited Duration Income Fund is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It primarily invests in senior, secured floating-rate loans, government agency mortgage-backed securities, and corporate bonds that are rated below investment grade. The fund seeks to maintain an average duration of three and a half years and average quality BBB/BBB- in its investments. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index, the Merrill Lynch U.S. High Yield Index, and the Barclays Capital U.S. Intermediate Government Bond Index. Eaton Vance Limited Duration Income Fund was formed on May 30, 2003 and is domiciled in the United States.

Details
Name: Eaton Vance Limited Duration Income Fund
EVV
Exchange: AMEX
Founded: 2003
$1,477,390,068
116,147,018
Website: http://funds.eatonvance.com/Limited-Duration-Income-Fund-EVV.php
Address: Eaton Vance Limited Duration Income Fund
Two International Place,
Suite 1400,
Boston,
Massachusetts, 02110,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX EVV Common Shares NYSE MKT LLC US USD 28. May 2003
Number of employees
Current staff
Staff numbers
0
Eaton Vance Limited Duration Income Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 23:48
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/11/27
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.