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EVG: Short Duration Can Make Sense, But Valuation Gives Pause

The Eaton Vance Short Duration Diversified Income Fund (EVG) offers diversified, short-duration fixed-income exposure, appealing in a paused rate-cut environment. EVG trades at a -3.57% discount, close to its 3-year average, limiting aggressive buy appeal despite an 8.21% yield. Recent portfolio shifts increased investment-grade exposure to 51.5% and leverage-adjusted duration to 2.8 years, modestly raising rate…

Seeking Alpha • Jun 4, 2026

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