Morgan Stanley Converts MTGDX to Eaton Vance Mortgage Opportunities ETF
Morgan Stanley Investment Management (MSIM) has completed the conversion of the Morgan Stanley Mortgage Securities Trust (MTGDX) into the Eaton Vance Mortgage Opportunities ETF (EVMO), broadening the firm’s active fixed income ETF offerings under the Eaton Vance brand.
EVMO offers a diversified portfolio of agency and non-agency mortgage-backed securities (MBS), commercial MBS, and asset-backed securities (ABS). The fund is designed to outperform broader fixed income markets while maintaining lower volatility, reduced correlation, and higher yield, according to MSIM.
The ETF is actively managed by Greg Finck and Andrew Szczurowski, Co-Heads of the Mortgage and Securitized team, along with Matt Buckley and Brandon Matsui. “We believe agency MBS and other securitized assets can add a diversifying element to investor portfolios, especially those heavily exposed to U.S. corporate credit,” said Finck.
EVMO joins a growing suite of Eaton Vance-branded fixed income ETFs, including:
- Eaton Vance Total Return Bond ETF (EVTR)
- Eaton Vance Short Duration Income ETF (EVSD)
- Eaton Vance Ultra-Short Income ETF (EVSB)
- Calvert Ultra-Short Investment Grade ETF (CVSB)
- Eaton Vance Intermediate Municipal Income ETF (EVIM)
- Eaton Vance High Income Municipal ETF (EVYM)
- Eaton Vance Short Duration Municipal Income ETF (EVSM)
- Eaton Vance High Yield ETF (EVHY)
- Eaton Vance Floating Rate ETF (EVLN)
As of today, MSIM’s ETF platform includes 18 products across the Eaton Vance, Calvert, and Parametric brands, and has grown to over $6 billion in AUM since its early 2023 launch.