Eaton Vance Total Return Bond ETF
Actively managed U.S. bond ETF
As of its 2026 Q2 report, Eaton Vance Total Return Bond ETF held 843 positions with $5.58B in net assets. Its ten largest holdings made up 46.2% of the fund. The EVTR share class costs 0.32% a year. Over the 12 months to May 2026, EVTR returned 5.8%, with dividends reinvested. In 2026 Q2 it added 130 new positions and exited 97.
The Eaton Vance Total Return Bond ETF ?(the Fund) seeks above-average total return over a market cycle of three to five years.
The fund invests in a diversified mix of investment-grade fixed-income securities—U.S. government, corporate, municipal, and mortgage- and asset-backed securities—selected by the adviser using value measures to identify relative yield attractiveness and to manage interest rate, credit, prepayment, and currency risks, with an average portfolio duration held within plus or minus 1.5 years of the Bloomberg US Aggregate Bond Index. The fund may opportunistically allocate up to 20% of assets to high-yield securities and up to 35% to non-agency mortgage-backed securities, and may invest up to 20% in emerging-market-linked securities. Because the fund's duration is managed within a band relative to its benchmark rather than matched to it, returns may diverge from the index.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
FNMA or FHLMC 5.00% · due 2056-07-25 | 10.80% | $602.64M | — |
MVRXXMorgan Stanley & Co. LLC | 6.04% | $337.09M | — |
United States of America 1.38% · due 2031-11-15 | 5.98% | $333.62M | — |
United States of America 1.88% · due 2032-02-15 | 4.56% | $254.40M | — |
FNMA or FHLMC 5.50% · due 2056-07-25 | 3.61% | $201.14M | — |
United States of America 4.63% · due 2044-05-15 | 3.56% | $198.28M | — |
United States of America 3.88% · due 2043-05-15 | 3.41% | $190.10M | — |
FNMA or FHLMC 4.50% · due 2056-07-25 | 3.24% | $180.92M | — |
United States of America 3.88% · due 2030-04-30 | 2.69% | $149.90M | — |
United States of America 4.25% · due 2035-05-15 | 2.28% | $127.16M | — |
The 200 largest of 843 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 61.91% |
| Securitized | 46.81% |
| Cash & short-term | 6.95% |
| Other | 0.95% |
| Derivatives | 0.06% |
These positions come to 116.67% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Derivatives are shown at market value, not notional exposure.
How it has done
EVTR share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.40%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
Eaton Vance Total Return Bond ETF is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
- Expense ratio, by class
- 0.32%· EVTR 0.32%
- Portfolio turnover
- 401.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
130 new· the largest 2
97 exited· the largest 3
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
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 | 81.3% |
| Floating rate | 18.7% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.4% |
| 1-3y | 2.8% |
| 3-5y | 12.5% |
| 5-10y | 26.5% |
| 10y+ | 57.7% |
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
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
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.
| Interest rates | 63% |
| Credit spreads | 37% |
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.
| Investment grade | +2.85 yr |
| High yield | +0.29 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 | 0.01 yr | 0% |
| 1 yr | 0.28 yr | 5% |
| 5 yr | 1.84 yr | 35% |
| 10 yr | 2.39 yr | 45% |
| 30 yr | 0.75 yr | 14% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.24 yr | 8% |
| 5 yr | 1.22 yr | 39% |
| 10 yr | 1.38 yr | 44% |
| 30 yr | 0.29 yr | 9% |
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 | +0.01 | +0.01 | +0.00 | $5.7k | $2.2k |
| 1 yr | +0.28 | +0.17 | +0.07 | $97.0k | $37.7k |
| 5 yr | +1.84 | +1.03 | +0.18 | $576.4k | $102.4k |
| 10 yr | +2.39 | +1.35 | +0.03 | $752.5k | $15.9k |
| 30 yr | +0.75 | +0.29 | +0.01 | $159.1k | $4.6k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 5.28 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Understand how this fund fits with the rest.
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