Eaton Vance Income Opportunities ETF (XAGG)

The Eaton Vance Income Opportunities ETF is an actively managed fixed income exchange-traded fund sponsored by Eaton Vance, part of Morgan Stanley Investment Management. It trades on NYSE Arca under the ticker XAGG.

The fund seeks to generate current income by investing across a broad range of debt securities. Its managers have flexibility to allocate among sectors of the bond market, which can include investment-grade and below-investment-grade corporate bonds, securitized debt, government obligations and other income-producing instruments, adjusting the mix as relative value and market conditions change.

Rather than tracking a bond index, the portfolio is built through the Eaton Vance team's fundamental credit research and sector allocation decisions, with duration and credit quality managed actively.