SCHEDULE: Sit Investment Associates Discloses 5.1% Stake in Eaton Vance Limited Duration Income Fund

Sit Investment Associates, Inc. and its subsidiary Sit Fixed Income Advisors II, LLC have disclosed a beneficial ownership of 5.1% in Eaton Vance Limited Duration Income Fund's common stock.

Summary

• Sit Investment Associates, Inc. and its subsidiary, Sit Fixed Income Advisors II, LLC, have filed a Schedule 13G indicating beneficial ownership of common stock in Eaton Vance Limited Duration Income Fund.
• The reporting persons collectively beneficially own 5,962,489 shares of Eaton Vance Limited Duration Income Fund's common stock.
• This ownership represents 5.1% of the total outstanding common stock, based on 116,203,460 shares outstanding as of March 31, 2025.
• The shares are held for client accounts, and the reporting persons disclaim beneficial ownership under Rule 13d-4, while possessing shared voting and dispositive power.
• The acquisition and holding of these securities are stated to be in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, indicating a significant stake held by an investment adviser for client accounts, without providing performance data or forward-looking statements that would suggest a positive or negative sentiment.

Positives

• The disclosure of a significant stake by an investment adviser like Sit Investment Associates could be seen as a vote of confidence in Eaton Vance Limited Duration Income Fund by a professional investor.

Future Outlook

The document is a beneficial ownership disclosure and does not provide any forward-looking statements or guidance regarding the issuer's future performance or the reporting persons' future investment intentions beyond the statement that shares are held in the ordinary course of business.

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

This filing reflects a standard disclosure by an institutional investment adviser, Sit Investment Associates, regarding a significant passive ownership stake in a publicly traded fund, Eaton Vance Limited Duration Income Fund. Such disclosures are common in the asset management industry, providing transparency on large holdings by investment firms managing client portfolios.

Comparison to Industry Standards

• This is a standard Schedule 13G filing, which is a regulatory requirement for passive investors acquiring more than 5% of a company's stock.
• The disclosure of a 5.1% stake by an investment adviser managing client accounts is a common occurrence in the financial industry, aligning with typical institutional investment practices.
• No specific comparable companies or projects are mentioned in the document to allow for a detailed comparative assessment of results.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional ownership stake, which could influence market perception and trading activity.
• Management: Awareness of a large passive shareholder, though the filing explicitly states no intent to influence control.

Key Dates

Keywords

Eaton Vance Limited Duration Income Fund, Sit Investment Associates, Sit Fixed Income Advisors II, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Institutional Ownership, Fund Management