Key stats
About Eaton Vance High Yield ETF
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Inception date
Oct 16, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Morgan Stanley Investment Management, Inc.
Distributor
Foreside Fund Services LLC
ISIN
US61774R8097
EVHY follows a disciplined approach, putting emphasis on high-yield securities to optimize yield and preserve capital. It strives to achieve its objective through investments in US dollar-denominated high-risk corporate bonds, with a restriction set at no more than 10% of assets for those rated below B3 or B- by external ratings services. The fund also has the flexibility to diversify to investment grade securities, subordinated preferred securities, and foreign and emerging market securities up to certain thresholds. Security selection for EVHY involves in-house credit and investment analysis and incorporates various methodologies including bottom up/top-down strategies, macroeconomic factors, and technical factors, not solely being reliant on the ratings from agencies. Additionally, the fund may also consider ESG factors in its investment decision-making process when applicable.
Related funds
Classification
What's in the fund
Exposure type
Corporate
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
EVHY trades at 53.19 USD today, its price has risen 0.34% in the past 24 hours. Track more dynamics on EVHY price chart.
EVHY net asset value is 53.18 today — it's risen 0.01% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
EVHY assets under management is 21.13 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
EVHY price has fallen by −0.34% over the last month, and its yearly performance shows a −0.76% decrease. See more dynamics on EVHY price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.35% increase in three-month performance and has increased by 7.29% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 2.35% increase in three-month performance and has increased by 7.29% in a year.
EVHY fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
EVHY invests in bonds. See more details in our Analysis section.
EVHY expense ratio is 0.48%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, EVHY isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, EVHY technical analysis shows the sell rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EVHY shows the buy signal. See more of EVHY technicals for a more comprehensive analysis.
Today, EVHY technical analysis shows the sell rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EVHY shows the buy signal. See more of EVHY technicals for a more comprehensive analysis.
Yes, EVHY pays dividends to its holders with the dividend yield of 6.82%.
EVHY trades at a premium (0.24%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
EVHY shares are issued by Morgan Stanley
EVHY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 16, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.