Overview

Distribution Rates1

as of Dec 19, 2014
Distribution Rate at NAV 6.23%
Distribution Rate at Market Price 6.86%

Average Annual Returns (%) as of Sep 30, 2014

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
11/30/2014
Fund at NAV 0.43 -0.23 2.66 3.37 8.30 9.66 5.61
Market Price 0.70 -1.70 -1.59 -1.84 6.59 7.43 4.28
09/30/2014
Fund at NAV -1.01 -0.76 1.86 4.41 9.41 9.93 5.70
Market Price -0.57 -1.71 -0.46 -0.41 7.36 8.97 4.39
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, 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. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than one year is cumulative.

Fund Facts as of Nov 30, 2014

Performance Inception 11/28/2003
Investment Objective High current income
CUSIP 27828Q105


Portfolio Management

Scott H. Page, CFA Managed Fund since inception
Craig P. Russ Managed Fund since inception
Peter M. Campo, CFA Managed Fund since 2008

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.

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. There can be no assurance that the liquidation of collateral securing an investment will satisfy the issuer’s obligation in the event of nonpayment or that collateral can be readily liquidated. The ability to realize the benefits of any collateral may be delayed or limited. 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. Borrowing to increase investments (leverage) will exaggerate the effect of any increase or decrease in the value of Fund investments. Investments rated below investment grade (typically referred to as “junk”) are generally subject to greater price volatility and illiquidity than higher-rated investments. As interest rates rise, the value of certain income investments is likely to decline. Bank loans are subject to prepayment risk. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. Changes in the value of investments entered for hedging purposes may not match those of the position being hedged. The Fund may engage in other investment practices that may involve additional risks.

Eaton Vance Distributors, Inc., Member FINRA/SIPC, is an affiliate of Eaton Vance Management.


Performance

Average Annual Returns (%) as of Sep 30, 2014

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
11/30/2014
Fund at NAV 0.43 -0.23 2.66 3.37 8.30 9.66 5.61
Market Price 0.70 -1.70 -1.59 -1.84 6.59 7.43 4.28
09/30/2014
Fund at NAV -1.01 -0.76 1.86 4.41 9.41 9.93 5.70
Market Price -0.57 -1.71 -0.46 -0.41 7.36 8.97 4.39
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, 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. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than one year is cumulative.

Calendar Year Returns (%)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Fund at NAV 5.13 5.56 9.10 -0.26 -49.68 94.22 16.98 3.99 13.82 7.64
Market Price 7.66 -9.48 18.71 -8.39 -44.42 104.28 19.54 -5.24 19.04 0.86

Fund Facts

Performance Inception 11/28/2003


Distribution Rates1

as of Dec 19, 2014
Distribution Rate at NAV 6.23%
Distribution Rate at Market Price 6.86%

Distribution History2

Ex-Date Distribution Reinvest Price
Nov 19, 2014 $0.07800 $13.99
Oct 22, 2014 $0.07800 $14.05
Sep 19, 2014 $0.07700 $14.43
Aug 20, 2014 $0.07500 $14.61
Jul 22, 2014 $0.07500 $14.59
Jun 19, 2014 $0.07600 $14.79
May 21, 2014 $0.07500 $14.75
Apr 21, 2014 $0.07500 $14.89
Mar 20, 2014 $0.07700 $15.16
Feb 19, 2014 $0.07700 $15.28
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.

Tax Character of Distributions

Ordinary Dividends    
Non-Qualified Qualified Total Capital Gain Distributions Nondividend Distributions Total Distributions
Distributions ($)
2013 $1.06 $0.00 $1.06 $0.00 $0.00 $1.06
2012 $1.06 $0.02 $1.08 $0.00 $0.00 $1.08
2011 $1.00 $0.00 $1.00 $0.00 $0.00 $1.00
2010 $1.08 $0.00 $1.08 $0.00 $0.00 $1.08
2009 $1.02 $0.00 $1.02 $0.00 $0.00 $1.02
2008 $1.11 $0.00 $1.11 $0.00 $0.09 $1.20
2007 $1.52 $0.00 $1.52 $0.00 $0.02 $1.54
2006 $1.56 $0.00 $1.56 $0.00 $0.00 $1.56
2005 $1.26 $0.00 $1.26 $0.00 $0.00 $1.26
Distributions (%)
2013 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2012 97.73% 2.27% 100.00% 0.00% 0.00% 100.00%
2011 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2010 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2009 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2008 92.08% 0.00% 92.08% 0.00% 7.92% 100.00%
2007 98.62% 0.00% 98.62% 0.00% 1.38% 100.00%
2006 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2005 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
This data reflects distributions paid on Fund shares held for the full calendar year and is not predictive of the tax character of current or future distributions. Fund shareholders should refer to the individual IRS Form 1099-DIVs provided to them shortly after each year-end to determine the appropriate federal income tax treatment of the distributions they receive. Eaton Vance is not responsible for any errors in tax reporting that may result from using the above data. Non-qualified ordinary dividends are subject to federal income tax at ordinary rates. Qualified dividends and capital gains distributions are taxable at long-term capital gains rates. Nondividend distributions, also known as return of capital distributions, are not subject to current federal income tax. Instead, the tax cost basis of each shareholder receiving a return of capital distribution is reduced by the amount of the distribution.

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.

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. There can be no assurance that the liquidation of collateral securing an investment will satisfy the issuer’s obligation in the event of nonpayment or that collateral can be readily liquidated. The ability to realize the benefits of any collateral may be delayed or limited. 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. Borrowing to increase investments (leverage) will exaggerate the effect of any increase or decrease in the value of Fund investments. Investments rated below investment grade (typically referred to as “junk”) are generally subject to greater price volatility and illiquidity than higher-rated investments. As interest rates rise, the value of certain income investments is likely to decline. Bank loans are subject to prepayment risk. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. Changes in the value of investments entered for hedging purposes may not match those of the position being hedged. The Fund may engage in other investment practices that may involve additional risks.

Eaton Vance Distributors, Inc., Member FINRA/SIPC, is an affiliate of Eaton Vance Management.


Portfolio

Fund Holdings3,4,5 as of Oct 31, 2014

Holding Coupon Rate Maturity Date % of Net Assets
EV Cash Reserves Fund 0.12% 10/31/2014 3.09%
Asurion 5.00% 05/24/2019 1.49%
Dell Inc. 4.50% 04/29/2020 1.49%
H.J. Heinz Company 3.50% 06/05/2020 1.47%
Intelsat Jackson Holdings 3.75% 06/30/2019 1.33%
Community Health Systems, Inc. 4.25% 01/27/2021 1.32%
Laureate Education, Inc. 5.00% 06/15/2018 1.31%
MEG Energy Corp. 3.75% 03/31/2020 1.29%
Goodyear Tire & Rubber Company (The) 4.75% 04/30/2019 1.18%
Telesat Canada 3.50% 03/28/2019 1.17%
View All

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.

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. There can be no assurance that the liquidation of collateral securing an investment will satisfy the issuer’s obligation in the event of nonpayment or that collateral can be readily liquidated. The ability to realize the benefits of any collateral may be delayed or limited. 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. Borrowing to increase investments (leverage) will exaggerate the effect of any increase or decrease in the value of Fund investments. Investments rated below investment grade (typically referred to as “junk”) are generally subject to greater price volatility and illiquidity than higher-rated investments. As interest rates rise, the value of certain income investments is likely to decline. Bank loans are subject to prepayment risk. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. Changes in the value of investments entered for hedging purposes may not match those of the position being hedged. The Fund may engage in other investment practices that may involve additional risks.

Eaton Vance Distributors, Inc., Member FINRA/SIPC, is an affiliate of Eaton Vance Management.


Insights & Analysis

Quarterly Commentary

A Word On The Markets  as of Sep 30, 2014

Sluggish technical conditions weighed on the loan market in the third quarter, with the S&P/LSTA Leveraged Loan Index (the Index)6 declining 0.47% for the three months ended September 30, 2014. Performance for the period was composed of 1.14% in coupon income and price declines of 1.61%. Decomposing results into its monthly constituents, the Index returned -0.03%, 0.15% and -0.60% in July, August and September, respectively. Third-quarter results reduced the Index’s year-to-date return to 2.11%, composed of 3.42% in coupon income and price declines of 1.31%. While market tone was less than subdued for much of the quarter, markedly weaker technical conditions in September paved the way for lower loan prices in the final stretch of the period.

New issuances slowed amid rising mergers and acquisitions activity, as opportunities for refinancing activity were limited due to rising market yields. Nonetheless, supply growth managed to outpace aggregate demand, primarily driven by redemption activity in the retail fund segment. Total outstandings for the Index grew to $805 billion, an expansion of $46 billion during the quarter. On the other side of the ledger, capital formation in the collateralized loan obligation (CLO) segment flowed, while the retail channel ebbed. Specifically, the quarter’s visible components of demand consisted of CLO production of $32 billion and retail fund withdrawals of $9 billion. Even accounting for interest in the more opaque market segments – such as institutional pension plans and multiasset strategies – supply growth exceeded demand by a considerable margin, most notably in September.

On fundamentals, the loan market’s benign environment continued throughout the quarter. Two issuers defaulted on $766 million of Index outstandings in July, and the Index saw no defaults in August and September. The trailing-12-month default rate by principal amount fell to a six-month low of 3.34% in September, from 3.6% in August. Excluding the outsized contribution of defaulted loans of top Index constituent Energy Future Holdings (EFH, formerly TXU), the default rate fell to a scant 0.25%.

Performance Summary 

Lack of defaulted EFH loans was the largest individual contributor to relative results, as this Index constituent – it’s largest – was the worst performing loan in the period. In a similar vein, underweight exposure to second-lien loans was a relative tailwind, as these junior loans underperformed the Index’s more traditional first-lien fare.

  • The remainder of relative results was broadly explained by the Funds’ quality positioning, elements of which both helped and hurt. With credit tier results within the Index experiencing a twist during the quarter, loans rated B outperformed both higher- and lower-quality issues. The Funds’ were overweight loans rated BB, approximately equal weight loans rated B and significantly underweight loans rated CCC and D (default). By credit tier, loans within the Index rated BB, B, CCC and D returned -0.36%, -0.17%, -0.70% and -9.12%, respectively. As a result, overweight exposure to loans rated BB detracted, while underweight exposure to loans rated CCC and D was additive.7
  • Working in favor of the Funds’ relative performance was off-Index exposure in a limited number of foreign loans, which outperformed the domestic market.
  • Exposure to high-yield bonds and the employment of investment leverage, both strategic elements of the Funds’ strategies, detracted from relative results, as bonds underperformed loans during the quarter and leverage amplified the negative results of the Funds’ underlying portfolios. By comparison, the Index does not include high-yield bonds and is unlevered.

Average Annual Returns (%) as of Sep 30, 2014

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
Fund at NAV -1.01 -0.76 1.86 4.41 9.41 9.93 5.70
Market Price -0.57 -1.71 -0.46 -0.41 7.36 8.97 4.39
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, 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. The Fund's performance at market price will differ from its results at NAV. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Until the reinvestment of Fund distributions is completed, returns are calculated using the lower of the net asset value or market price of the shares on the distribution ex date. Once the reinvestment is complete, returns are calculated using the average reinvestment price. Performance less than one year is cumulative.

Fund Facts as of Sep 30, 2014

Performance Inception 11/28/2003


Investment Outlook And Fund Positioning 

Looking ahead, it appears to us that new-issue supply is likely to track at least modestly lower in the final stretch of the year, given the flurry of issuance activity through September and the apparent waning interest on the part of retail investors. For the time being, CLO demand appears poised to remain in the driver’s seat on the demand side of the ledger, with the market’s technical balance likely tilting toward relative strength or weakness dependent on retail fund flows activity. Looking out further, it seems likely that we would see a return of retail demand in a rising-rate environment.

In terms of performance, it appears that the recent softening in loan prices may have opened the door for potential upside opportunities down the road. The average price for the Index ended September at $98.3, with loans rated BB, B and CCC marked at $98.6, $98.4 and $96.1, respectively.

On fundamentals, likely buoying the market from a major upswing in defaults, we believe, are limited near-term maturities, ongoing cash flow growth and relatively strong credit profiles. Still, while the credit outlook may be bright for now, the cycle will eventually turn — albeit likely not for a couple years — underscoring the importance of credit selection both now and in the years ahead.

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.

The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Common shares of the Fund are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks. Shares of closed-end funds often trade at a discount from their net asset value. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Investors should review and consider carefully the Fund’s investment objective, risks, charges and expenses.

The premium/discount is calculated as [(market price/NAV)-1].

Links to Morningstar Fact Sheet and CEF Connect: By clicking on the link from this page to the Morningstar fact sheet or CEF Connect, you will leave the Eaton Vance website. Eaton Vance is not responsible for the content of any such third-party website. See “Terms and Conditions” below.

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. There can be no assurance that the liquidation of collateral securing an investment will satisfy the issuer’s obligation in the event of nonpayment or that collateral can be readily liquidated. The ability to realize the benefits of any collateral may be delayed or limited. 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. Borrowing to increase investments (leverage) will exaggerate the effect of any increase or decrease in the value of Fund investments. Investments rated below investment grade (typically referred to as “junk”) are generally subject to greater price volatility and illiquidity than higher-rated investments. As interest rates rise, the value of certain income investments is likely to decline. Bank loans are subject to prepayment risk. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. Changes in the value of investments entered for hedging purposes may not match those of the position being hedged. The Fund may engage in other investment practices that may involve additional risks.

Eaton Vance Distributors, Inc., Member FINRA/SIPC, is an affiliate of Eaton Vance Management.


Attribution

No attribution information is available.

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. There can be no assurance that the liquidation of collateral securing an investment will satisfy the issuer’s obligation in the event of nonpayment or that collateral can be readily liquidated. The ability to realize the benefits of any collateral may be delayed or limited. 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. Borrowing to increase investments (leverage) will exaggerate the effect of any increase or decrease in the value of Fund investments. Investments rated below investment grade (typically referred to as “junk”) are generally subject to greater price volatility and illiquidity than higher-rated investments. As interest rates rise, the value of certain income investments is likely to decline. Bank loans are subject to prepayment risk. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. Changes in the value of investments entered for hedging purposes may not match those of the position being hedged. The Fund may engage in other investment practices that may involve additional risks.


Management

Biography
Scott H. Page, CFA

Scott H. Page, CFA

Vice President, Co-Director of Floating-Rate Loan Group, Eaton Vance Management
Joined Eaton Vance 1989

Scott Page is a vice president of Eaton Vance Management, co-director and portfolio manager with Eaton Vance’s Floating-Rate Loan Group.

Scott joined Eaton Vance in 1989 as an analyst with the group. He was promoted to lead the firm’s floating-rate loan practice in 1996. His previous experience includes an affiliation with the Dartmouth College Investment Office, as well as corporate finance/lending and credit review at Citicorp and Chase Manhattan Bank.

Scott earned a B.A. from Williams College in 1981 and an MBA from the Amos Tuck School at Dartmouth College in 1987. He is a CFA charterholder and has served as a member of the Board of Directors of the LSTA (Loan Syndications and Trading Association).

Scott's commentary has appeared in Bloomberg, Business Week, Dow Jones Investment Advisor, Forbes, Investor's Business Daily, Smart Money, Kiplinger's, USA Today, and The Wall Street Journal, and he has been featured on CNBC. He co-authored "An Overview of the Loan Market" in the Handbook of Loan Syndications and Trading (2007).

Education
  • B.A. Williams College
  • M.B.A. Amos Tuck School of Business Administration, Dartmouth College
Experience
  • Managed Fund since inception
Biography
Craig P. Russ

Craig P. Russ

Vice President, Co-Director of Floating-Rate Loan Group, Eaton Vance Management
Joined Eaton Vance 1997

Craig Russ is a vice president of Eaton Vance Management, co-director and portfolio manager with Eaton Vance’s Floating-Rate Loan Group.

Craig joined Eaton Vance 1997 as an analyst and became co-manager of institutional bank loan funds in 2001. Prior to joining Eaton Vance, he worked for 10 years in commercial lending with State Street Bank.

Craig earned a B.A., cum laude, from Middlebury College in 1985 and studied at the London School of Economics and Political Science. He is chairman of the Loan Syndications and Trading Association (LSTA). His commentary has appeared in Bloomberg, Grant's Interest Rate Observer and The Wall Street Journal.

Education
  • B.A. Middlebury College
Experience
  • Managed Fund since inception
Other funds managed
 
Biography
Peter M. Campo, CFA

Peter M. Campo, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2003

Peter Campo is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s floating-rate loan team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s floating-rate loan strategies. He is also responsible for providing research coverage on a number of industries, including oil & gas, insurance, movie studios and building products. He joined Eaton Vance in 2003.

Peter began his career in the investment management industry in 1995. Before joining Eaton Vance, he was a credit analyst with CypressTree Investment Management.

Peter earned a B.S. and an MBA from Bentley University. He is a member of the Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.S. Bentley University
  • M.B.A. Bentley University
Experience
  • Managed Fund since 2008
 

Fund Literature

Fund Literature

Annual Report

Commentary

Floating-Rate Loan Chart Book

Fact Sheet

Prospectus

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

Information Concerning APS Auctions & Dividend Rates

Auction Preferred Shares Market Update

Morningstar EFR Fact Sheet

Eaton Vance Closed-End Funds Adopt Share Repurchase Programs

Moody's Downgrades

Eaton Vance Floating-Rate Income Trust, Eaton Vance Senior Floating-Rate Trust & Eaton Vance Senior Income Trust Approve Change in Investment Policies

Eaton Vance Declares Early Monthly Distributions and Capital Gain Distributions for Certain Eaton Vance Closed-End Funds

Distribution Dates and Amounts Announced for Certain Eaton Vance Closed-End Funds

Distribution Dates and Amounts Announced for Certain Eaton Vance Closed-End Funds

Eaton Vance Senior Floating-Rate Trust Report of Earnings

Distribution Dates and Amounts Announced for Certain Eaton Vance Closed-End Funds

Distribution Dates and Amounts Announced for Certain Eaton Vance Closed-End Funds

Eaton Vance Senior Floating-Rate Trust Report of Earnings

Eaton Vance Closed-End Bank Loan Funds Declare Monthly Distributions

Eaton Vance Closed-End Bank Loan Funds Declare Monthly Distributions

Eaton Vance Closed-End Bank Loan Funds Declare Monthly Distributions

Eaton Vance Closed-End Bank Loan Funds Declare Monthly Distributions

Eaton Vance Closed-End Funds Annual Meeting of Shareholders

Eaton Vance Senior Floating-Rate Trust Fund Report of Earnings

Eaton Vance Closed-End Bank Loan Funds Declare Monthly Distributions

Eaton Vance Closed-End Bank Loan Funds Declare Monthly Distributions

Eaton Vance Closed-End Bank Loan Funds Declare Monthly Distributions

Eaton Vance Senior Floating-Rate Trust Report of Earnings

Section 16 Filings - www.sec.gov

Semi-Annual Report


 

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