Overview

Approximately equal-weighted across the target 1- to 10-year range.

Source: Eaton Vance. This table is for illustrative purposes only.

Historical Returns (%) as of Jun 30, 2018

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 or equal to one year is cumulative. The share class has no sales charge.
 

Fund Facts as of Aug 31, 2018

Class I Inception 09/27/2016
Investment Objective Current income
Total Net Assets $11.0M
Minimum Investment $250000
Expense Ratio (Gross)3 3.29%
Expense Ratio (Net)3,4 0.40%
CUSIP 27826X300
 

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk: 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. As interest rates rise, the value of certain income investments is likely to decline. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment 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. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. In emerging countries, these risks may be more significant. 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

Historical Returns (%) as of Jun 30, 2018

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 or equal to one year is cumulative. The share class has no sales charge.
 

Fund Facts

Expense Ratio (Gross)3 3.29%
Expense Ratio (Net)3,4 0.40%
Class I Inception 09/27/2016
Distribution Frequency Monthly

Yield Information6 as of Aug 31, 2018

Distribution Rate at NAV 3.00%
Subsidized SEC 30-day Yield 3.52%
Unsubsidized SEC 30-day Yield 2.97%
 

NAV History

Date NAV NAV Change
Sep 24, 2018 $9.62 -$0.01
Sep 21, 2018 $9.63 $0.00
Sep 20, 2018 $9.63 $0.01
Sep 19, 2018 $9.62 $0.00
Sep 18, 2018 $9.62 -$0.03
Sep 17, 2018 $9.65 $0.01
Sep 14, 2018 $9.64 -$0.01
Sep 13, 2018 $9.65 $0.00
Sep 12, 2018 $9.65 $0.01
Sep 11, 2018 $9.64 -$0.01
 

Distribution History7

Ex-Date Distribution Reinvest NAV
Aug 31, 2018 $0.02467 $9.68
Jul 31, 2018 $0.02396 $9.64
Jun 29, 2018 $0.02326 $9.62
May 31, 2018 $0.02274 $9.66
Apr 30, 2018 $0.02295 $9.64
Mar 29, 2018 $0.02243 $9.72
Feb 28, 2018 $0.02286 $9.74
Jan 31, 2018 $0.02158 $9.85
Dec 29, 2017 $0.02159 $9.94
Nov 30, 2017 $0.02146 $9.93
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 History7

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

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk: 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. As interest rates rise, the value of certain income investments is likely to decline. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment 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. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. In emerging countries, these risks may be more significant. 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 (%)8 as of Jun 30, 2018

Portfolio Statistics as of Jun 30, 2018

Number of Holdings 99
Average Maturity 5.49 yrs.
Average Duration 4.47 yrs.
Average Price $97.86
 

Credit Quality (%)9 as of Jun 30, 2018

AA 6.74
A 29.86
BBB 59.41
BB 3.99
Total 100.00
Ratings are based on Moody's, S&P or Fitch, as applicable. If securities are rated differently by the ratings agencies, the highest 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.

Maturity Distribution (%)9 as of Jun 30, 2018

Less Than 1 Year 7.37
1 To 3 Years 16.87
3 To 5 Years 19.83
5 To 10 Years 54.96
10 To 20 Years 0.97
20 To 30 Years 0.00
More Than 30 Years 0.00
Total 100.00
 

Fund Holdings8,10 as of Jul 31, 2018

Holding Coupon Rate Maturity Date % of Net Assets
EV Cash Reserves Fund LLC 0.00% 2.77%
Georgia Power Co 1.95% 12/01/2018 1.78%
HSBC USA Inc 2.38% 11/13/2019 1.78%
AstraZeneca PLC 2.38% 11/16/2020 1.67%
Constellation Brands Inc 2.70% 05/09/2022 1.65%
Tapestry Inc 4.13% 07/15/2027 1.62%
Boston Properties LP 3.85% 02/01/2023 1.61%
Verizon Communications Inc 4.13% 03/16/2027 1.54%
American Honda Finance Corp 1.65% 07/12/2021 1.54%
Bank of America Corp 4.45% 03/03/2026 1.53%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk: 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. As interest rates rise, the value of certain income investments is likely to decline. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment 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. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. In emerging countries, these risks may be more significant. 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

Thomas H. Luster, CFA

Thomas H. Luster, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 1995

Biography

Thomas Luster is a vice president of Eaton Vance Management, and director of Eaton Vance’s quantitative strategies team within diversified fixed income. He is responsible for rules-based fixed-income strategies, quantitative research and investment process automation. He began his career in the investment management industry with Eaton Vance in 1995.

Before entering the investment management industry, Tom was affiliated with Deloitte & Touche Consulting and the Naval Center for Space Technology.

Tom earned a B.S. from George Washington University and an MBA from the University of Chicago. Tom is a member of the CFA Society of Boston and was formerly chairman and a governor’s appointee to the board of trustees of Health Care Security, which oversees the investment of Tobacco Litigation Settlement funds for the Commonwealth of Massachusetts. He is a CFA charterholder.

Tom’s commentary has appeared in The Wall Street Journal, Reuters, Investor’s Business Daily and American Banker, and he has been featured on New England Cable News and Bloomberg Radio.

Education
  • B.S. George Washington University
  • M.B.A. Booth School of Business, University of Chicago

Experience
  • Managed Fund since inception

 
Maria Cappellano

Maria Cappellano

Vice President, Eaton Vance Management
Joined Eaton Vance in 1998

Biography

Maria Cappellano is a vice president of Eaton Vance Management, trader and portfolio manager on Eaton Vance's quantitative strategies team within diversified fixed income. She is responsible for portfolio implementation and trading for the firm's corporate bond ladders and other quantitative strategies. She joined Eaton Vance in 1998.

Maria began her career in the investment management industry in 1998. Before joining Eaton Vance, she worked in the financial services area in the health care industry for more than seven years.

Maria earned a B.S., summa cum laude, from Northeastern University.

Education
  • B.S. Northeastern University

Experience
  • Managed Fund since inception

 

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2018

Annual Report

Download - Last updated: Aug 31, 2017

Full Prospectus

Download - Last updated: Jan 1, 2018

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

Download

Launch of Eaton Vance 1-to-10 Year Laddered Corporate Bond Fund

Download - Last updated: Sep 28, 2016

SAI

Download - Last updated: Jan 1, 2018

Semi-Annual Report

Download - Last updated: Feb 28, 2018

Summary Prospectus

Download - Last updated: Jan 1, 2018

XBRL

Download - Last updated: Jan 11, 2018