EVV: Deep Discount Opens Up Creating Opportunity (Rating Upgrade)

Impact · against what's priced in

The rating upgrade for EVV is driven by a deep discount to NAV that enhances the market yield, though the underlying portfolio characteristics are standard. The impact is modestly positive as the discount creates a valuation floor and an attractive entry point for income seekers.

EVV+0.30

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In context

The fund's deep discount to net asset value boosts the market rate of return, offsetting the impact of lower payouts resulting from its managed distribution policy.

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• EVV
• discount
• distribution policy
• duration
• fixed income
• floating rate
• income funds
• nav

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