Eaton Vance High Yield ETF (EVHY US) – Portfolio Construction MethodologyThe investment strategy shaping the actively managed Eaton Vance High Yield ETF seeks a high level of current income by investing predominantly in below-investment-grade corporate bonds, with emphasis on the higher-quality segment of the high-yield universe (commonly BB and B). Selection is driven by bottom-up credit research assessing business durability, capital structures, covenants, and recovery values, complemented by relative-val ...