Eaton Vance Ltd Duration Income Fund

Eaton Vance Limited Duration Income Fund is a closed-end fixed income fund designed to deliver a high level of current income, with capital appreciation as a secondary objective. The portfolio emphasizes short-to-intermediate interest-rate exposure, targeting an average duration generally between zero and five years, which helps moderate sensitivity to rate changes. Managed by Eaton Vance, the fund invests across diversified credit sectors, including senior secured floating‑rate loans, government agency mortgage‑backed securities, and below‑investment‑grade corporate bonds, while seeking an overall investment-grade average quality profile. Its mandate bridges leveraged loans and high yield credit with intermediate government exposure, reflecting benchmarks that span these markets. The strategy plays a role in income-oriented allocations by combining multiple credit drivers with limited duration to balance credit income and interest-rate risk. As a closed-end structure, the fund’s market price can trade at a premium or discount to net asset value, and it may employ leverage to enhance income generation. Formed in 2003, Eaton Vance Limited Duration Income Fund operates within Morgan Stanley Investment Management’s suite of income and credit solutions.