EVHIX — Eaton Vance High Income Opportunities Fund
Data updated: 2026-09-29
EVHIX — Eaton Vance High Income Opportunities Fund. United States Value Equity · $1.03B AUM. Holdings, fees, performance and SEC filings.
EVHIX Fund Overview
EVHIX — Eaton Vance High Income Opportunities Fund is a US mutual fund managed by Eaton Vance Mutual Funds Trust, categorised as United States Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Eaton Vance Mutual Funds Trust
- Category: United States Value Equity
- Assets under management: $1.03B
- Ticker: EVHIX
- SEC CIK: 0000745463
- SEC series ID: S000005289
- Share class ID: C000014455
EVHIX Investment Objective and Strategy
Eaton Vance High Income Opportunities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Eaton Vance Mutual Funds Trust.
Investment objective
The Funds primary investment objective is to provide a high level of current income. The Fund seeks growth of capital as a secondary investment objective.
Principal investment strategy
The Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in fixed-income securities, including preferred securities and other hybrid securities (many of which have fixed maturities), senior floating rate loans and secured and unsecured subordinated (junior) floating rate loans (loans) and convertible securities. The Fund invests primarily in high yield, high risk corporate bonds (commonly referred to as junk bonds). The Fund invests a substantial portion of its assets in bonds issued in connection with mergers, acquisitions and other highly-leveraged transactions. The Fund normally invests primarily in bonds rated below investment grade (i.e., bonds rated lower than Baa by Moodys Investors Service, Inc. (Moodys) or lower than BBB by S&P Global Ratings (S&P)) and in comparable unrated bonds as determined by the investment adviser.
Bonds rated BBB and Baa have speculative characteristics, while lower rated bonds are predominantly speculative. The Fund may invest up to 15% of its total assets in convertible securities. The Fund may also purchase securities that make in-kind interest payments (PIK), bonds not paying current income and bonds that do not make regular interest payments. The Fund may invest up to 25% of its total assets in foreign securities, some of which may be issued by companies domiciled in emerging market countries, which are predominantly U.S. dollar denominated and up to 5% of its total assets in non-U.S. dollar denominated investments. With respect to non-U.S. dollar denominated securities, the Fund may hedge currency fluctuations by entering into forward foreign currency exchange contracts. Under normal circumstances, the Fund will generally hold well in excess of 100 securities, which may help reduce investment risk.
The Fund may invest up to 15% of its total assets in equity securities and up to 10% of its net assets in municipal obligations, including shares of affiliated investment companies. The Fund will utilize short sales and repurchase agreements. The Fund may purchase or sell derivative instruments for hedging purposes, to seek return, to manage certain investment risks and/or as a substitute for the purchase or sale of securities. Derivative instruments may include: the purchase or sale of futures contracts on securities, indices or other financial instruments or currencies; options on futures contracts; exchange-traded and over-the-counter options on securities, indices, currencies and other instruments; interest rate, credit default, inflation and total return swaps; forward rate contracts; and credit linked notes as well as instruments that have a greater or lesser credit risk than the security underlying that instrument.
The Fund may use interest rate swaps for risk management purposes and not as a speculative investment and would typically use interest rate swaps to seek to shorten the average interest rate re-set time of its holdings. It is anticipated that the Fund may have net economic leverage of up to 20% through the use of credit default swaps. There is no other stated limit on the Funds use of derivatives. The Fund is not appropriate for investors who cannot assume the greater risk of capital depreciation or loss inherent in seeking higher yields. The Funds investments are actively managed and securities may be bought and sold on a daily basis. Preservation of capital is considered when consistent with the Funds objective. The investment advisers staff monitors the credit quality of securities held by the Fund and other securities available to the Fund.
Although the investment adviser considers security ratings when making investment decisions, it performs its own credit and investment analysis utilizing various methodologies including bottom up/top down analysis and consideration of macroeconomic and technical factors, and does not rely primarily on the ratings assigned by the rating services. The portfolio managers attempt to improve yield and preserve and enhance principal value through timely trading. The portfolio managers also consider the relative value of securities in the marketplace in making investment decisions. The Fund currently invests its assets in the Portfolio, a separate registered investment company with the same investment objectives and policies as the Fund.
EVHIX Holdings
Top 1 holdings of Eaton Vance High Income Opportunities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| High Income Opportunities Portfolio | 100.58% |
EVHIX Portfolio Allocation
Asset-class allocation of Eaton Vance High Income Opportunities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.6% |
EVHIX Costs and Fees
EVHIX costs about $163 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.63%
- Gross expense ratio: 1.63%
- Portfolio turnover: 45%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
EVHIX Cashflows
Over the 12 months to 2026-04, Eaton Vance High Income Opportunities Fund had net outflows of $70.28M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$368.24K |
| 2026-03 | $1.66M |
| 2026-02 | $4.73M |
| 2026-01 | $7.60M |
| 2025-12 | −$10.35M |
| 2025-11 | −$2.47M |
EVHIX Debt Constituents
No individual debt constituents are reported in Eaton Vance High Income Opportunities Fund's latest SEC N-PORT filing.
EVHIX Prospectus and SEC Filings
Official Eaton Vance High Income Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-26
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus supplement (497) — filed 2025-03-03
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-24
- Portfolio holdings (N-PORT) — filed 2026-03-31
- Annual census (N-CEN) — filed 2026-01-13
- Annual census (N-CEN) — filed 2025-01-14
Related Funds
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.