Morgan Stanley Investment Management Launches Eaton Vance Income Opportunities ETF

Morgan Stanley Investment Management (MSIM) announced today the successful conversion of the Morgan Stanley Income Opportunities Fund into the Eaton Vance Income Opportunities ETF (NYSE Arca: XAGG), expanding its suite of actively-managed fixed income ETFs.

Eaton Vance Income Opportunities ETF seeks to provide diversified exposure to a broad spectrum of global fixed income sectors, with a focus on certain sectors that are often underrepresented in traditional core portfolios. Andrew Szczurowski, Co-Head of MSIM’s Mortgage and Securitized investment team, is the lead portfolio manager and will work closely with other senior portfolio managers representing MSIM’s extensive fixed income capabilities. The addition of Eaton Vance Income Opportunities ETF brings the total number of ETFs currently offered on MSIM’s platform to 18, including 11 active fixed income ETFs.

“The launch of Eaton Vance Income Opportunities ETF marks another milestone in the expansion of our ETF platform and commitment to offering investors best-in-class, actively-managed fixed income strategies in the ETF structure,” said Ally Wallace, Global Head of Capital Markets and ETF Strategy at MSIM. “We continue to look across our platform for dynamic investment strategies that address investor needs and resonate in today’s marketplace.”

Eaton Vance Income Opportunities ETF seeks a high level of current income as its primary investment objective. As a secondary objective, the Fund seeks to maximize total return but only to the extent consistent with its primary objective.

“In today’s environment, we believe it is imperative to offer a multisector approach to help investors navigate the shifting market and take advantage of emerging opportunities,” said Szczurowski. “Eaton Vance Income Opportunities ETF’s strategy allows for flexibility across geographies, sectors and the yield curve.”

With this conversion, MSIM’s active fixed income ETF offering now includes:

• Eaton Vance Total Return Bond ETF (NYSE: EVTR)
• Eaton Vance Short Duration Income ETF (Nasdaq: EVSD)
• Eaton Vance Ultra-Short Income ETF (NYSE Arca: EVSB)
• Calvert Ultra-Short Investment Grade ETF (NYSE Arca: CVSB)
• Eaton Vance Mortgage Opportunities ETF (NYSE Arca: EVMO)
• Eaton Vance Intermediate Municipal Income (NYSE Arca: EVIM)
• Eaton Vance High Income Municipal ETF (Nasdaq: EVYM)
• Eaton Vance Short Duration Municipal Income ETF (NYSE Arca: EVSM)
• Eaton Vance High Yield ETF (NYSE Arca: EVHY)
• Eaton Vance Floating-Rate ETF (NYSE Arca: EVLN)
• Eaton Vance Income Opportunities ETF (NYSE Arca: XAGG)

MSIM’s ETF platform currently offers 18 funds, including five Calvert-branded ETFs, three Parametric-branded ETFs and 10 Eaton Vance-branded fixed income ETFs. Launched in early 2023, MSIM’s ETF platform has grown to more than $9 billion in assets as of October 31, 2025.