James P. Gorman, Executive Chairman of Morgan Stanley | Columbia Business School
Morgan Stanley Investment Management (MSIM) has announced the completion of converting a fixed income mutual fund into an exchange-traded fund (ETF). This development follows the conversion of two fixed income mutual funds to ETFs in March 2024, expanding MSIM's offering to eight active fixed income ETFs.
The new strategy available as an ETF is:
- Mutual Fund: MSIFT Short Duration Income Portfolio
- ETF: Eaton Vance Short Duration Income ETF
- ETF Ticker: EVSD (NASDAQ)
EVSD aims to invest primarily in a diversified portfolio of fixed income securities, including U.S. government securities, corporate bonds, and mortgage- and asset-backed securities. It seeks to maintain an average duration of approximately three years or less.
With this conversion, MSIM’s active fixed income ETF offerings now include:
- Calvert Ultra-Short Investment Grade ETF (NYSE Arca: CVSB)
- Eaton Vance Ultra-Short Income ETF (NYSE Arca: EVSB)
- Eaton Vance High Yield ETF (NYSE Arca: EVHY)
- Eaton Vance Intermediate Municipal Income (NYSE Arca: EVIM)
- Eaton Vance Floating-Rate ETF (NYSE Arca: EVLN)
- Eaton Vance Total Return Bond ETF (NYSE: EVTR)
- Eaton Vance Short Duration Municipal Income ETF (NYSE Arca: EVSM)
- Eaton Vance Short Duration Income ETF (NASDAQ: EVSD)
MSIM’s overall ETF platform consists of 15 products, including six Calvert-branded ETFs, one Parametric-branded alternative income strategy, one Parametric-branded hedged equity strategy, and seven Eaton Vance-branded fixed income strategies. Launched in early 2023, the platform has grown to over $2 billion in assets.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, along with its investment advisory affiliates, employs more than 1,400 investment professionals globally and manages or supervises $1.5 trillion in assets as of March 31, 2024. The firm aims to deliver long-term investment performance and service across a comprehensive suite of solutions for a diverse client base that includes governments, institutions, corporations, and individuals worldwide. For more information about Morgan Stanley Investment Management, visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a global financial services firm offering a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, visit www.morganstanley.com.
Before investing carefully consider the Fund's objective risks charges and expenses available in the prospectus please download one at https://www.eatonvance.com Read carefully before investing Risk Considerations There is no assurance that a portfolio will achieve its investment objective Portfolios are subject to market risk which is the possibility that the market values of securities owned by the portfolio will decline Market values can change daily due to economic and other events e.g natural disasters health crises terrorism conflicts and social unrest that affect markets countries companies or governments It is difficult to predict the timing duration and potential adverse effects e.g portfolio liquidity of events Accordingly you can lose money investing in this portfolio Please be aware that this portfolio may be subject to certain additional risks Fixed-income securities are subject to the ability of an issuer to make timely principal and interest payments credit risk changes in interest rates interest-rate risk the creditworthiness of the issuer and general market liquidity market risk In a rising interest-rate environment bond prices may fall and may result in periods of volatility and increased portfolio redemptions In a declining interest-rate environment the portfolio may generate less income Longer-term securities may be more sensitive to interest rate changes Mortgage-and asset-backed securities are sensitive to early prepayment risk and a higher risk of default and may be hard to value and difficult to sell liquidity risk They are also subject to credit market-and interest rate risks Collateralized loan obligations carry additional risks such as the Fund may invest in CLOs that are subordinate to other classes...
Eaton Vance Parametric and Calvert are part of Morgan Stanley Investment Management Inc which advises these ETFs
ETFs are distributed by Foreside Fund Services LLC
Contacts:
Media Relations Contact:
Lauren Bellmare
Lauren.Bellmare@MorganStanley.com
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