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CGMS - EVG: Multi-Sector Bond CEF With A High Leverage Factor
Capital Group U.S. Multi-Sector Income
2025-07-02 12:01:05 ET
Thesis
We last covered the Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG ) at the end of 2024, when we downgraded the fund from 'Buy' to 'Hold' on the back of ever tightening credit spreads. The name is down from a price perspective since, and only matches an outright cash position on a total return basis since our downgrade: