Eaton Vance Income Fund of Boston
Eaton Vance Series Trust II · 5 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Eaton Vance Income Fund of Boston is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- High yield
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2026 Q1
The Funds investment objective is to provide a high level of current income. The Funds secondary objectives are to seek growth of income and capital.
The fund invests primarily in high-yield corporate bonds rated below investment grade, along with floating rate loans, preferred stocks, and other income-producing debt securities; the adviser and sub-advisers conduct their own credit analysis rather than relying primarily on ratings, and actively trade securities to improve yield and preserve capital. The fund may hold bonds in the lowest rating categories, including those in payment default or bankruptcy, and invests substantially in debt issued for leveraged transactions, creating significant credit risk. The fund may use short sales and derivatives, and may invest up to 25% in foreign and emerging market securities.
| Share class | Expense ratio |
|---|---|
| EVIBX | 0.96% |
| ECIBX | 1.71% |
| ERIBX | 1.21% |
| EIBIX | 0.71% |
| EIBRX | 0.62% |
Portfolio turnover 48.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 85.70% |
| Loans | 8.91% |
| Cash & short-term | 3.78% |
| Stocks | 1.36% |
| Derivatives | 0.00% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified. The blend is as of 2025Q4, one or more quarters before the direct holdings (2026Q2).
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 55.6% |
| International | 13.6% |
| Consumer Discretionary | 5.2% |
| Industrials | 4.9% |
| 10 smaller | 20.7% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: ABC Technologies Inc, OAK-EAGLE ACQUIRECO INC ×2, QXO INC, The MICHAELS COS INC, SWORD PURCHASER LLC, FIRST QUANTUM MINERALS L, CHOBANI LLC/FINANCE CORP
Largest exited: ABC Technologies Inc, CHOBANI HOLDCO II LLC, SNAP INC, PILGRIM'S PRIDE CORP, MOLINA HEALTHCARE INC, ADTALEM GLOBAL EDUCATION, FIRST QUANTUM MINERALS L, VT TOPCO INC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +7.63% | +24.72% | +24.13% | 2.49% | -2.42% | |
| +6.82% | +21.73% | +19.32% | 2.70% | -2.33% | |
| +7.15% | +23.52% | +22.35% | 2.61% | -2.25% | |
| +7.88% | +25.40% | +25.50% | 2.49% | -2.38% | |
| +7.99% | +25.72% | +26.07% | 2.65% | -2.36% |
These classes hold the same portfolio, so the 6.75pp spread over 5 years is the cost difference between them — roughly 1.35pp a year — not a difference in what they own.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 89.2% |
| Floating rate | 10.2% |
| Zero-coupon or unclassified | 0.6% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.9% |
| 1-3y | 17.0% |
| 3-5y | 39.7% |
| 5-10y | 40.3% |
| 10y+ | 2.1% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 54% |
| Interest rates | 46% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +2.72 yr |
| Investment grade | +0.17 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.04 yr | 2% |
| 1 yr | 0.72 yr | 29% |
| 5 yr | 1.36 yr | 54% |
| 10 yr | 0.29 yr | 12% |
| 30 yr | 0.09 yr | 3% |
| 3 mo | 0.04 yr | 1% |
| 1 yr | 0.80 yr | 28% |
| 5 yr | 1.63 yr | 56% |
| 10 yr | 0.34 yr | 12% |
| 30 yr | 0.07 yr | 3% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.04 | +0.00 | +0.04 | $417 | $16.5k |
| 1 yr | +0.72 | +0.02 | +0.79 | $7.2k | $319.9k |
| 5 yr | +1.36 | +0.04 | +1.59 | $17.2k | $647.2k |
| 10 yr | +0.29 | +0.06 | +0.28 | $26.4k | $112.3k |
| 30 yr | +0.09 | +0.05 | +0.03 | $18.9k | $11.3k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| MVRXX | Morgan Stanley & Co. LLCMVRXX | 3.17% | $128.80M | — |
| — | BEACH ACQUISITION BIDCO10.00% · due 2033-07-15 | 1.50% | $60.86M | — |
| — | ABC Technologies Inc11.95% floating · due 2031-08-22 | 0.94% | $38.25M | — |
| — | SUNOCO LP7.88% · due 2030-09-18 | 0.84% | $34.23M | — |
| — | MEDLINE BORROWER LP5.25% · due 2029-10-01 | 0.83% | $33.83M | — |
| — | ATHENAHEALTH GROUP INC6.50% · due 2030-02-15 | 0.80% | $32.53M | — |
| — | OLYMPUS WTR US HLDG CORP7.25% · due 2033-02-15 | 0.70% | $28.58M | — |
| — | Bausch Health Companies Inc9.90% floating · due 2030-10-08 | 0.70% | $28.49M | — |
| — | OAK-EAGLE ACQUIRECO INC7.25% · due 2033-07-01 | 0.66% | $26.76M | — |
| — | CLOUD SOFTWARE GRP INC9.00% · due 2029-09-30 | 0.65% | $26.38M | — |
Top 10 positions are 10.78% of net assets, top 25 18.74%, across 295 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free