Overview

Growth of $10,000

10-year period ended 03/31/2015

  • Class A at NAV

Average Annual Returns (%) as of Mar 31, 2015

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
04/30/2015
Fund at NAV 0.03 0.25 0.72 1.99 0.90 1.93 3.65
Fund w/Max Sales Charge -4.74 -4.52 -4.07 -2.80 -0.72 0.93 3.15
Barclays U.S. Intermediate Government Bond Index1 -0.09 -0.43 1.16 2.68 1.20 2.64 3.82
03/31/2015
Fund at NAV 0.33 0.69 0.69 2.31 1.12 2.05 3.75
Fund w/Max Sales Charge -4.46 -4.10 -4.10 -2.49 -0.50 1.07 3.25
Barclays U.S. Intermediate Government Bond Index1 0.53 1.25 1.25 3.15 1.54 2.80 3.95
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than one year is cumulative. Max Sales Charge: 4.75%.

Fund Facts as of Apr 30, 2015

Class A Inception 08/24/1984
Investment Objective High current return
Total Net Assets $574.0M
Minimum Investment $1000
Expense Ratio2 1.17%
CUSIP 277911103


Portfolio Management

Susan Schiff, CFA Managed Fund since 1992
Andrew Szczurowski, CFA Managed Fund since 2014

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of nonpayment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. While certain U.S. government-sponsored agencies may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Treasury. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Performance

Average Annual Returns (%) as of Mar 31, 2015

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
04/30/2015
Fund at NAV 0.03 0.25 0.72 1.99 0.90 1.93 3.65
Fund w/Max Sales Charge -4.74 -4.52 -4.07 -2.80 -0.72 0.93 3.15
Barclays U.S. Intermediate Government Bond Index1 -0.09 -0.43 1.16 2.68 1.20 2.64 3.82
Morningstar™ Short Government Category3 0.02 0.03 0.61 1.08 0.42 1.13 2.60
03/31/2015
Fund at NAV 0.33 0.69 0.69 2.31 1.12 2.05 3.75
Fund w/Max Sales Charge -4.46 -4.10 -4.10 -2.49 -0.50 1.07 3.25
Barclays U.S. Intermediate Government Bond Index1 0.53 1.25 1.25 3.15 1.54 2.80 3.95
Morningstar™ Short Government Category3 0.24 0.59 0.59 1.25 0.51 1.20 2.67
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than one year is cumulative. Max Sales Charge: 4.75%.

Calendar Year Returns (%)

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Fund at NAV 2.43 4.06 7.24 7.37 5.32 4.35 3.64 1.83 -1.53 2.67
Barclays U.S. Intermediate Government Bond Index1 1.68 3.84 8.47 10.43 -0.32 4.98 6.08 1.73 -1.25 2.52

Fund Facts

Expense Ratio2 1.17%
Class A Inception 08/24/1984
Distribution Frequency Monthly

Yield Information4 as of Apr 30, 2015

Distribution Rate at NAV 3.99%
SEC 30-day Yield 1.70%


Morningstar™ Ratings as of Apr 30, 2015

Time Period Rating Rating (Load Waived) Funds in
Short Government
Category
Overall *** ***** 116
3 Years * **** 116
5 Years *** **** 110
10 Years **** ***** 94
Based on Risk-Adjusted Returns.

The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.

© 2014 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers is responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in the same category. This measure takes into account variations in a fund's monthly performance after adjusting for sales loads (except for load-waived A shares) redemption fees, and the risk-free rate, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. Load-waived A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load. The Morningstar Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structure.

NAV History

Date NAV NAV Change
May 22, 2015 $6.72 $-0.01
May 21, 2015 $6.73 $0.00
May 20, 2015 $6.73 $0.01
May 19, 2015 $6.72 $-0.01
May 18, 2015 $6.73 $-0.01
May 15, 2015 $6.74 $0.00
May 14, 2015 $6.74 $0.01
May 13, 2015 $6.73 $0.00
May 12, 2015 $6.73 $0.00

Distribution History5

Ex-Date Distribution Reinvest NAV
Apr 30, 2015 $0.02217 $6.76
Mar 31, 2015 $0.02237 $6.78
Feb 27, 2015 $0.02236 $6.78
Jan 30, 2015 $0.02223 $6.81
Dec 31, 2014 $0.02201 $6.80
Nov 28, 2014 $0.02206 $6.83
Oct 31, 2014 $0.02213 $6.84
Sep 30, 2014 $0.02256 $6.82
Aug 29, 2014 $0.02346 $6.85
Jul 31, 2014 $0.02480 $6.85
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
Fund prospectus

Capital Gain History5

Ex-Date Short-Term Long-Term Reinvest NAV
No records in this table indicates that there has not been a capital gain greater than .0001 within the past 3 years.
Fund prospectus

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is as of month-end for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. For the Eaton Vance Fund's performance as of the most recent month-end, please refer to eatonvance.com. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns shown at NAV unless noted otherwise. Returns for other classes of shares offered by the Fund are different. It is not possible to invest in an index.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of nonpayment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. While certain U.S. government-sponsored agencies may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Treasury. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Portfolio

Asset Mix (%)6 as of Mar 31, 2015

Fixed Rate 30yr MBS coupon< 8% 59.17
Adjustable Rate MBS 16.59
Fixed Rate 30yr MBS coupon >8% 7.35
Short Term Investments 4.27
Fixed Rate CMOs 3.94
Fixed Rate 15 & 20yr MBS 3.37
Floating Rate CMOs 2.64
U.S. Government Agency Obligations 1.38
U.S. Treasuries 1.29
Total 100.00

Portfolio Statistics as of Mar 31, 2015

Number of Holdings 427
Average Coupon 6.25%
Average Duration 1.53 yrs.


Credit Quality (%)7 as of Mar 31, 2015

AAA 100.00
AA 0.00
A 0.00
BBB 0.00
BB 0.00
B 0.00
CCC or Lower 0.00
Not Rated 0.00
Ratings are based on Moody's, S&P or Fitch, as applicable. If securities are rated differently by the ratings agencies, the higher rating is applied. Ratings, which are subject to change, apply to the creditworthiness of the issuers of the underlying securities and not to the Fund or its shares. Credit ratings measure the quality of a bond based on the issuer's creditworthiness, with ratings ranging from AAA, being the highest, to D, being the lowest based on S&P's measures. Ratings of BBB or higher by S&P or Fitch (Baa or higher by Moody's) are considered to be investment-grade quality. Credit ratings are based largely on the ratings agency's analysis at the time of rating. The rating assigned to any particular security is not necessarily a reflection of the issuer's current financial condition and does not necessarily reflect its assessment of the volatility of a security's market value or of the liquidity of an investment in the security. Holdings designated as "Not Rated" are not rated by the national ratings agencies stated above.


Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of nonpayment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. While certain U.S. government-sponsored agencies may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Treasury. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Insights & Analysis

Quarterly Commentary

A Word On The Markets  as of Mar 31, 2015

The U.S. economy continued to expand in the fourth quarter of 2014, with the most recent release putting GDP at 2.2%. With the severe weather we experienced in many parts of the country, a slowdown in the first quarter of 2015 is to be expected. Current estimates for the quarter ending March 31, 2015 are in the 1%-to-1.5% range. After very substantial gains in employment during the fourth quarter, averaging 288,000 jobs per month during the period, job growth in the first quarter of 2015 slowed. Payrolls increased 591,000 for the quarter, behind the fourth quarter’s pace. The unemployment rate continued to decline, falling to 5.5%.

The U.S. economy’s strong performance came despite continued weakness abroad. Low growth and output numbers combined with indications of falling prices added to the concerns around an extended period of sub-par growth throughout much of Europe and Japan. This view was reflected in a U.S. dollar that continued to strengthen against other currencies. The strong U.S. dollar does appear to be hurting U.S. exports and can explain some of the weakness in output. Against the uncertain economic and geopolitical backdrop, volatility remained in the financial markets during the quarter, impacting most asset classes.

As the U.S. economy continued to strengthen, the Federal Reserve (Fed) removed the “patient” phrasing in its forward guidance, while it continues to look for further improvement in the labor market. While Fed members continue to debate the timing of the first rate hike,markets have pushed off the move of a rate hike until the fall. Longer term Treasurys declined in yield by approximately 25 basis points. As a result, the U.S. Treasury yield curve8 flattened again during the first quarter.

Mortgage rates declined slightly during the first quarter, seasoned mortgage-backed securities (MBS) prepayment speeds were slightly faster, but well within acceptable levels. Generic and seasoned MBS spreads over Treasurys ended the quarter slightly tighter, even after the Fed ended its bond-buying program. New home sales in the U.S. remained below historical norms, which caused a favorable supply/demand imbalance for the MBS market.

Performance Summary 

Eaton Vance Government Obligations Fund (the Fund) underperformed its benchmark, the Barclays U.S. Intermediate Government Bond Index (the Index),1 at net asset value for the quarter.

  • The Fund benefited from its investments in seasoned agency MBS, which outperformed Treasurys during the quarter due to slightly tighter spreads and the additional yield they offer relative to U.S. Treasurys.
  • Despite falling mortgage rates, the Fund’s high coupon, seasoned agency MBS continued to see moderate prepayments, which created additional yield relative to Treasurys during the quarter, aiding the Fund’s performance.
  • Falling yields on the long end of the U.S. Treasury yield curve led to an underperformance of Fund investments with durations9 shorter than those of the Index.

Average Annual Returns (%) as of Mar 31, 2015

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
Fund at NAV 0.33 0.69 0.69 2.31 1.12 2.05 3.75
Fund w/Max Sales Charge -4.46 -4.10 -4.10 -2.49 -0.50 1.07 3.25
Barclays U.S. Intermediate Government Bond Index1 0.53 1.25 1.25 3.15 1.54 2.80 3.95
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than one year is cumulative. Max Sales Charge: 4.75%.

Fund Facts as of Mar 31, 2015

Class A Inception 08/24/1984
Expense Ratio2 1.17%


Contributors 

Factors contributing to the Fund’s relative performance compared to the Index during the quarter:

  • Muted prepayment speeds on the Fund’s seasoned high coupon agency MBS aided the Fund’s performance.
  • The Fund benefited from its investments in seasoned agency MBS, which outperformed similar duration Treasurys for the quarter.

Detractors 

Factors detracting from the Fund’s relative performance compared to the Index during the quarter:

  • Falling yields on the long end of the U.S. Treasury yield curve led to an underperformance of Fund investments with durations shorter than those of the Index.

Investment Outlook And Fund Positioning 

Looking ahead, management expects that the Fed’s end to its balance sheet expansion will have no negative impact on the MBS markets. Although the Fed will no longer be increasing the size of their balance sheet, we think that muted inflation and a modest recovery in the labor market will likely keep the central bank from hiking interest rates before the middle of 2015.

Even with the Fed ending its MBS purchase program, we believe the MBS market will continue to hold value relative to most other U.S. government securities. Supply/demand technicals remain supportive of agency MBS spreads, even with the no additional Fed purchases. MBS investors have been comforted by talk out of the Fed regarding their eventual exit strategy and the treatment of mortgage paydowns. It seems the majority of the Fed will remain on board with continuing to reinvest their MBS paydowns until after their first rake hike, which has removed some uncertainty from the market.

We believe that high coupon, seasoned agency MBS will continue to offer the most value in the agency MBS market and will likely not have the extension risk that lower coupon generic MBS have, which may be valuable if rates rise.

Credit Quality (%)7 as of Mar 31, 2015

AAA 100.00
AA 0.00
A 0.00
BBB 0.00
BB 0.00
B 0.00
CCC or Lower 0.00
Not Rated 0.00
Ratings are based on Moody's, S&P or Fitch, as applicable. If securities are rated differently by the ratings agencies, the higher rating is applied. Ratings, which are subject to change, apply to the creditworthiness of the issuers of the underlying securities and not to the Fund or its shares. Credit ratings measure the quality of a bond based on the issuer's creditworthiness, with ratings ranging from AAA, being the highest, to D, being the lowest based on S&P's measures. Ratings of BBB or higher by S&P or Fitch (Baa or higher by Moody's) are considered to be investment-grade quality. Credit ratings are based largely on the ratings agency's analysis at the time of rating. The rating assigned to any particular security is not necessarily a reflection of the issuer's current financial condition and does not necessarily reflect its assessment of the volatility of a security's market value or of the liquidity of an investment in the security. Holdings designated as "Not Rated" are not rated by the national ratings agencies stated above.


The views expressed in this report are those of portfolio manager(s) and are current only through the date stated at the top of this page. These views are subject to change at any time based upon market or other conditions, and Eaton Vance disclaims any responsibility to update such views. These views may not be relied upon as investment advice and, because investment decisions are based on many factors, may not be relied upon as an indication of trading intent on behalf of any Eaton Vance fund. This commentary may contain statements that are not historical facts, referred to as "forward looking statements". The Fund's actual future results may differ significantly from those stated in any forward-looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of Fund shares, the continuation of investment advisory, administrative and service contracts, and other risks discussed from time to time in the Fund's filings with the Securities and Exchange Commission.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of nonpayment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. While certain U.S. government-sponsored agencies may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Treasury. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Attribution

No attribution information is currently available.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of nonpayment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. While certain U.S. government-sponsored agencies may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Treasury. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Management

Biography
Susan Schiff, CFA

Susan Schiff, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 1985

Susan Schiff is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s global income team. She is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s mortgage-backed securities strategies. She joined Eaton Vance in 1985.

Susan began her career in the investment management industry in 1983. Before joining Eaton Vance, she was affiliated with PaineWebber, Inc.

Susan earned a B.S. from St. John Fisher College. She is a member of the Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.S. St. John Fisher College
Experience
  • Managed Fund since 1992
 
Biography
Andrew Szczurowski, CFA

Andrew Szczurowski, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2007

Andrew Szczurowski is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s global income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s mortgage-backed securities strategies. He joined Eaton Vance in 2007.

Andrew began his career in the investment management industry in 2005. Before joining Eaton Vance, he was affiliated with BNY Mellon.

Andrew earned a B.S., cum laude, from Peter T. Paul College of Business and Economics at the University of New Hampshire. He is a member of the Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.S. University of New Hampshire
Experience
  • Managed Fund since 2014

Fund Literature

Fund Literature

Annual Report

Commentary

Income Markets Review

Income Markets Snapshot

Discover Opportunities in the Income Markets with Eaton Vance

Fact Sheet

Full Prospectus

Government Obligations Holdings

Holdings-1st or 3rd fiscal quarters-www.sec.gov

Andrew Szczurowski on investing in agency mortgage-backed securities

SAI

Think Performance Think Eaton Vance

Semi-Annual Report

Summary Prospectus

XBRL


 

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    The value of investment funds and the income therefrom may go down as well as up and you may not get back the original amount invested. Your capital could be at risk. You are not certain to make money from your investments and you may lose money. Exchange rates may cause the value of overseas investments and the income therefrom to rise and fall.

    Information in this section may contain statements that are not historical facts, referred to as forward-looking statements. A Fund’s future results may differ significantly from those stated in forward-looking statements, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of Fund shares, the continuation of advisory, administrative and service contracts, and other risks.

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    The information contained in this section of the website is designed solely for professional clients. If you are not a professional client you should not proceed any further. The content should not be looked at or distributed to retail clients.

    Certain products and services mentioned on this website may not be eligible for sale in some states or countries and they may not be suitable for all types of investors. This website does not constitute an offer or solicitation and is not directed at you if Eaton Vance Management (International) ltd (EVMI) is prohibited by any law of any jurisdiction from making the information on this website available to you and is not intended for any use that would be contrary to local law or regulation. No products and services mentioned on this website must be promoted in any jurisdiction where this would not be permitted.

    This website does not constitute investment, legal or tax advice with respect to our products and services and it is important that you do not rely on its content when making an investment decision. You should obtain relevant and specific professional advice before making any decision to enter into an investment transaction. EVMI does not represent that the information on this website, including any third party information, is accurate or complete and it should not be relied upon as such. Past performance is not a guide to future returns.

    The value of investment funds and the income therefrom may go down as well as up and you may not get back the original amount invested. Your capital could be at risk. You are not certain to make money from your investments and you may lose money. Exchange rates may cause the value of overseas investments and the income therefrom to rise and fall.

    Information in this section may contain statements that are not historical facts, referred to as forward-looking statements. A Fund’s future results may differ significantly from those stated in forward-looking statements, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of Fund shares, the continuation of advisory, administrative and service contracts, and other risks.

    All information in this section are for "Professional Client ONLY". To access this website users must qualify as a "Professional client". Any person who does not fall into the categories listed above should not rely on the information contained in this website.

    By clicking the Okay button below, you confirm that you are from an eligible jurisdiction to review material relating to the Fund or Strategies (or are authorised to conduct investment business in the jurisdiction within which you are resident and under the law of that jurisdiction, you are authorised to view material relating to collective investment schemes) and that you are a Professional Client.


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