Eaton Vance Limited Duration Income Fund Common Shares of Beneficial Interest (EVV)

FairStock Score: 60/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Eaton Vance Limited Duration Income Fund not as a normal operating business but as a closed-end bond fund managed by Eaton Vance Management. It owns senior secured floating-rate loans, agency mortgage-backed securities, and below-investment-grade corporate bonds, with an average duration target of about three and a half years and average quality around BBB/BBB-. That is a credit-spread and income vehicle, not a compounding franchise. Its competitive moat is thin: scale and manager brand help, but fees, leverage, and credit selection drive outcomes. The numbers are mixed. At the 2026-10-13 close of $8.39, FairStock calculates a P/E of 13.53, P/B of 0.83, ROE of 5.05%, and ROCE of 3.46%. The fund yields 9.61%, and its beta is 0.63—income is the main attraction. Financial health signals are not comforting: D/E is 0.42, the Piotroski F-Score is 1/9, and the Altman Z-Score is 0.44. Those are weak safety readings for a leveraged credit fund. Valuation is the brighter spot. FairStock’s Graham Number is $11.89, implying a 29.44% margin of safety, and the shares trade below book value. The 52-week range is $8.31 to $10.21, so price sits near the low end. Growth is not measurable here: revenue and profit growth are N/A, and no Lynch category is assigned because there are only 0 years of filed results, versus the 3 needed. So I would call this a statistically cheap, high-yield fund with modest returns and real credit/leverage risk. The discount and distribution must do the work.

In plain English: Eaton Vance Limited Duration Income Fund is a closed-end fund that invests mainly in U.S. loans and bonds, including lower-rated credit, and aims to keep interest-rate sensitivity moderate. It pays a very high income distribution, but its profit measures are modest and its financial safety checks are weak. At $8.39, the price is below the value of its underlying assets and below a conservative asset-based estimate, so it looks cheap relative to those numbers, though the risks are real.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer