Eaton Vance Global Income Builder NextShares
EVGBC
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- MA United States of America
- IPO Date
- Mar 30, 2016
- CIK
- 0001573035
- Similar Companies
- Business
- Eaton Vance Global Income Builder NextShares (EVGBC) is an actively managed exchange-traded managed fund (ETMF), a hybrid product blending features of mutual funds and exchange-traded funds, that seeks total return for shareholders through investments in common stocks, preferred stocks, other hybrid securities, and fixed- and floating-rate income instruments of U.S. and foreign issuers. Shares trade on Nasdaq at prices equaling the next end-of-day net asset value per share plus or minus trading costs, with holdings including diversified global assets such as corporate bonds (e.g., Bath & Body Works Inc. 6.95%, Truist Financial Corp. perpetual preferreds), high-yield debt, and equities; the fund targets multi-asset allocation with a focus on income generation and capital appreciation. Managed by Eaton Vance Management within the Eaton Vance NextShares Trust, it maintains approximately $60 million in assets under management, a net expense ratio of 0.91% (reflecting fee waivers), and approximately 625,000 outstanding shares. The fund operates globally, with exposure to developed and emerging markets across equities, high-yield bonds, and hybrid instruments, targeting income-oriented investors seeking diversified total return strategies. Eaton Vance NextShares Trust, established around 2016 with EVGBC's inception on March 30, 2016, is headquartered in Boston, Massachusetts, as part of the legacy Eaton Vance organization. Eaton Vance Management serves as advisor and administrator, with State Street Bank and Trust Company as custodian and transfer agent. In a transformative development, Eaton Vance Corp., the parent entity managing EVGBC, was acquired by Morgan Stanley in a $7 billion stock-and-cash transaction completed in March 2021, integrating Eaton Vance's strategies—including NextShares products like EVGBC—into Morgan Stanley Investment Management and expanding distribution capabilities across institutional and wealth management channels. This acquisition doubled Morgan Stanley's investment management assets to over $1.2 trillion at the time, enhancing EVGBC's access to broader client bases while preserving its active global income-focused mandate. No subsequent major product launches, partnerships, or liquidations specific to EVGBC have been reported in the last 1-2 years, though the fund continues limited trading amid low volume and a noted potential delisting risk on Nasdaq.