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About Morgan Stanley ETF Trust Eaton Vance Floating-Rate ETF
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Inception date
Feb 6, 2024
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Morgan Stanley Investment Management, Inc.
Distributor
Foreside Fund Services LLC
EVLN pursues potential returns by investing in floating-rate credit instruments, such as senior loans, CLO debt tranches, and various forms of floating-rate bonds, as well as corporate debts, with a cap of 20%. The portfolio is diversified across borrowers and industries while employing fundamental analysis to evaluate risk/return characteristics. Factors considered include the issuers financial health, operating history, economic sensitivity, management capability, debt maturity schedules, borrowing requirements, and projected cash flow, as well as ESG factors. Although exposure includes loans and debts of any credit quality, it predominantly targets high-yield securities. Additionally, currency risks and heightened volatility are present due to the funds global exposure. To manage these risks, the fund utilizes derivatives such as futures, swaps, and options to hedge against currency exchange rate and interest rate fluctuations.
Classification
What's in the fund
Exposure type
Loans
Bonds, Cash & Other100.00%
Loans75.37%
Corporate9.20%
Securitized8.37%
Miscellaneous5.15%
Cash1.91%
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