Eaton Vance Management has launched the Eaton Vance Bond Fund, a non-diversified mutual fund seeking total return.
The fund is managed by a team led by Kathleen Gaffney (pictured), vice president of Eaton Vance and co-director of Eaton Vance’s investment grade fixed income department.
Eaton Vance Bond Fund employs bottom-up security selection and a multi-sector approach to investing across the income markets. Investments may include US investment grade and high yield bonds, floating-rate bank loans, non-US sovereign and corporate debt, convertible securities and preferred stocks. Under normal market conditions, the fund invests at least 80 percent of its net assets in bonds and other income instruments, and may invest up to 20 percent of its net assets in common stocks. The fund may invest up to 35 percent of its net assets in bonds and other income instruments rated below investment grade.
In addition to Gaffney, the fund’s portfolio managers are Stephen Concannon, vice president of Eaton Vance and high yield portfolio manager, and Michael Turgel, vice president of Eaton Vance and senior bank loan credit analyst.
"Investors today are looking for ways to maximise return while managing risk," says Payson F Swaffield, Eaton Vance’s chief income investment officer. "We are pleased to bring the Eaton Vance Bond Fund to the market to further expand our solution set for clients. The fund’s multi-sector investment approach can provide important diversification to clients’ income portfolios."
