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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Eaton Vance Ultra-Short Income ETF

EVSB | Active ETF

$50.81

$204 M

4.05%

$2.06

0.17%

Vitals

YTD Return

1.3%

1 yr return

4.4%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$204 M

Holdings in Top 10

23.1%

52 WEEK LOW AND HIGH

$50.8
$50.73
$51.16

Expenses

OPERATING FEES

Expense Ratio 0.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Eaton Vance Ultra-Short Income ETF

EVSB | Active ETF

$50.81

$204 M

4.05%

$2.06

0.17%

EVSB - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Eaton Vance Ultra-Short Income ETF
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    Oct 19, 2023
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund seeks to achieve its investment objective by primarily investing in a portfolio of investment grade, short-term fixed, variable and floating-rate securities. The Fund is not a money market fund and does not seek to maintain a stable net asset value.
The Fund is actively managed, not designed to track a benchmark, and therefore not constrained by the composition of a benchmark.
Under normal circumstances, the Fund’s weighted average portfolio duration will be one year or less. In certain market or economic conditions, such as in periods of significant volatility in interest rates and spreads, the Fund’s weighted average portfolio duration may be longer than one year. The Fund seeks to manage duration and hedge interest rate risk through the purchase and sale of U.S. Treasury securities. During periods when the Fund’s weighted average portfolio duration is longer than one year, the Fund may not achieve its investment objective.
The Fund typically invests at least 90% of its net assets in investment grade, U.S. dollar-denominated debt securities. A debt security is considered investment grade when assigned a credit quality rating of BBB- or higher by S&P Global Ratings (“S&P”) or an equivalent rating by another nationally recognized statistical rating organization (‘‘NRSRO”), including Moody’s Investors Service or Fitch Ratings, or Kroll Bond Rating Agency, LLC for securitized debt instruments only (such as asset-backed securities (“ABS”) and mortgage-backed securities (“MBS”)) or if unrated, considered to be of comparable credit quality by the Adviser. For purposes of rating restrictions, if securities are rated differently by two or more rating agencies, the highest rating is used.
Under normal circumstances, the Fund will invest in below-investment grade, high-yield debt instruments (commonly known as “junk bonds”). The Fund’s investment in such instruments is limited to 10% of its net assets, as assessed at time of purchase.
The Fund will concentrate its investments in the banking industry. Therefore, under normal conditions, the Fund will invest more than 25% of its total assets in securities issued by issuers in the banking industry. The Fund may, however, invest less than 25% of its total assets in this industry as a temporary defensive measure.
The Fund invests in bonds issued by U.S. corporations, the U.S. Government or its agencies, and U.S. government-sponsored enterprises (“GSEs”) such as the Federal National Mortgage Association (“FNMA”) and the Federal Home Loan Mortgage Corporation (“FHLMC”). The Fund also may invest in money market instruments and taxable municipal obligations. The Fund may invest in pooled investment vehicles, including exchange-traded funds (“ETFs”) and money market funds, for various portfolio management purposes, such as to maintain exposure to certain investments or for cash management purposes.
The Fund may invest in ABS and MBS that represent interests in pools of mortgage loans (MBS) or other assets (ABS) assembled for sale to investors by various U.S. governmental agencies, government-related organizations and private issuers (i.e., non-agency). MBS may include collateralized mortgage obligations (“CMOs”), residential mortgage-backed securities (“RMBS”) and commercial mortgage-backed securities (“CMBS”). ABS may include collateralized loan obligations (“CLOs”). In addition, the Fund may invest in to-be-announced pass-through mortgage securities, which settle on a delayed delivery basis (“TBA”).
The Fund may also invest up to 25% of its net assets in foreign debt securities.
In managing the Fund, the Adviser considers macroeconomic factors in determining the Fund’s sector allocation and yield curve positioning and uses fundamental research in selecting individual securities for the portfolio. Macroeconomic factors considered may include, among others, the pace of economic growth, unemployment rates, interest rates, inflation, monetary and fiscal policy, and general trends in global economies and currencies. In combination with the top-down macroeconomic approach, the Adviser employs a bottom-up process of fundamental securities analysis to select the specific securities for investment. This bottom-up, research-driven and value-oriented approach emphasizes the financial strength of issuers, current valuations and the interest rate sensitivity of investments, among other factors. In selecting securities, the Adviser generally seeks issuers with attractive valuations. The Adviser may sell a security when the Adviser’s valuation target for the security is reached, the fundamentals of the company deteriorate or to pursue more attractive investment options. When deemed by the Adviser to be relevant to its evaluation of creditworthiness and when applicable information is available, the Adviser considers environmental, social and/or governance issues (referred to as ESG) which may impact the prospects of an issuer (or obligor) or financial performance of an obligation. When considered, one or more ESG issues are taken into account alongside other factors in the investment decision-making process and are not the sole determinant of whether an investment can be made or will remain in the Fund’s portfolio. The Adviser also considers how purchasing or selling an investment would impact the overall portfolio’s potential return (income and capital gains) and risk profile (for example, its sensitivity to currency risk, interest rate risk and sector-specific risk) on both a benchmark-relative and absolute return basis, and may include allocations to securities outside the benchmark.
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EVSB - Performance

Return Ranking - Trailing

Period EVSB Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% N/A N/A N/A
1 Yr 4.4% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period EVSB Return Category Return Low Category Return High Rank in Category (%)
2025 0.4% N/A N/A N/A
2024 0.7% N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period EVSB Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% N/A N/A N/A
1 Yr 4.4% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period EVSB Return Category Return Low Category Return High Rank in Category (%)
2025 5.1% N/A N/A N/A
2024 6.0% N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

EVSB - Holdings

Concentration Analysis

EVSB Category Low Category High EVSB % Rank
Net Assets 204 M N/A N/A N/A
Number of Holdings 260 N/A N/A N/A
Net Assets in Top 10 42.8 M N/A N/A N/A
Weighting of Top 10 23.09% N/A N/A N/A

Top 10 Holdings

  1. U.S. Treasury Notes 8.64%
  2. Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class 2.58%
  3. JPMorgan Chase Co. 2.26%
  4. Wells Fargo Co. 2.11%
  5. Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class 1.83%
  6. CaixaBank SA 1.27%
  7. Goldman Sachs Group, Inc. (The) 1.19%
  8. Stellantis Finance US, Inc. 1.09%
  9. Vontier Corp. 1.08%
  10. HAT Holdings I LLC 1.05%

Asset Allocation

Weighting Return Low Return High EVSB % Rank
Bonds 		81.69% N/A N/A N/A
Other 		15.48% N/A N/A N/A
Cash 		5.03% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High EVSB % Rank
Cash & Equivalents 		5.03% N/A N/A N/A
Derivative 		0.04% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High EVSB % Rank
US 		81.01% N/A N/A N/A
Non US 		0.69% N/A N/A N/A

EVSB - Expenses

Operational Fees

EVSB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% N/A N/A N/A
Management Fee 0.17% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

EVSB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

EVSB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EVSB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

EVSB - Distributions

Dividend Yield Analysis

EVSB Category Low Category High EVSB % Rank
Dividend Yield 4.05% N/A N/A N/A

Dividend Distribution Analysis

EVSB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

EVSB Category Low Category High EVSB % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

EVSB Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

EVSB - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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