Eaton Vance Mortgage Opportunities ETF (EVMO)

The Eaton Vance Mortgage Opportunities ETF (EVMO) is an actively managed bond fund from Eaton Vance, a Morgan Stanley Investment Management company. It seeks to generate income and total return from the mortgage and securitized credit markets.

The fund invests in a range of mortgage-related securities, including agency mortgage-backed securities, non-agency residential mortgage-backed securities, commercial mortgage-backed securities and credit risk transfer securities, and may also hold other asset-backed debt. Its managers rotate among these segments based on relative value and their view of credit and prepayment risk.

Because it is not tied to a benchmark index, EVMO can adjust its mix of agency and non-agency holdings and its interest-rate sensitivity as market conditions change.