Eaton Vance Limited Duration Income Fund yields 8.97% but faces distribution cuts amid NAV declines.

The Eaton Vance Limited Duration Income Fund offers a high yield of 8.97% by investing in short-duration bonds to reduce interest-rate risk. However, its recent 4.17% return over 13 months has lagged behind peers and inflation, making it less attractive for taxable accounts. Distribution coverage is under pressure due to NAV declines and reliance on unrealized gains, suggesting potential future cuts. The fund trades at a 6.87% discount to NAV and is better suited for tax-advantaged accounts due to ordinary income taxation.