Overview

Growth of $10,000

10-year period ended 03/31/2018

  • Class A at NAV

Historical Returns (%) as of Mar 31, 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. Total return prior to the commencement of the class reflects returns of another Fund class. Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). If adjusted for other expenses, returns would be lower. Max Sales Charge: 4.75%.
 

Fund Facts as of May 31, 2018

Class A Inception 01/05/2009
Performance Inception 03/07/2000
Investment Objective Current income
Total Net Assets $177.2M
Total Net Assets of Portfolio2 $484.1M
Minimum Investment $1000
Expense Ratio (Gross)3 0.86%
Expense Ratio (Net)3,4 0.74%
CUSIP 277905436

Top 10 Holdings (%)5,6 as of Mar 31, 2018

United States Treasury Inflation Indexed Bonds
Bank of America Corp
Purchasing Power Funding 2018-A LLC
EMC Corp
CVS Health Corp
Bank of America Corp
Ally Financial Inc
Dell International LLC / EMC Corp
Morgan Stanley
Prosper Marketplace Issuance Trust Series 2017-1
Total 13.82
 

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: 

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. Contractual restrictions may impede the Fund's ability to buy or sell loans and loans may be subject to an extended settlement process. As interest rates rise, the value of certain income investments is likely to decline. Mortgage-backed securities are subject to credit, interest rate, prepayment and extension risk. 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. U.S. Treasury securities generally have a lower return than other obligations because of their higher credit quality and market liquidity. 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. Mortgage- and asset-backed securities are subject to credit, interest rate, prepayment and extension risk. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), 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

Historical Returns (%) as of Mar 31, 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. Total return prior to the commencement of the class reflects returns of another Fund class. Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). If adjusted for other expenses, returns would be lower. Max Sales Charge: 4.75%.
 

Calendar Year Returns (%)

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Fund at NAV 4.59 5.59 7.30 6.84 4.86 -1.18 5.00 -0.31 2.48 4.20
Bloomberg Barclays U.S. Aggregate Bond Index1 5.24 5.93 6.54 7.84 4.21 -2.02 5.97 0.55 2.65 3.54
 

Fund Facts

Expense Ratio (Gross)3 0.86%
Expense Ratio (Net)3,4 0.74%
Class A Inception 01/05/2009
Performance Inception 03/07/2000
Distribution Frequency Monthly

Yield Information8 as of May 31, 2018

Distribution Rate at NAV 2.84%
Subsidized SEC 30-day Yield 2.67%
Unsubsidized SEC 30-day Yield 2.56%
 

Morningstar Rating™ as of May 31, 2018

Time Period Rating Funds in
Intermediate-Term Bond
Category
Overall *** 871
3 Years *** 871
5 Years *** 786
10 Years *** 561
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds and exchange-traded funds) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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.

The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Star ratings do not reflect the effect of any applicable sales load.

©2018 Morningstar. 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 are responsible for any damages or losses arising from any use of this information.
 

NAV History

Date NAV NAV Change
Jun 21, 2018 $9.54 $0.01
Jun 20, 2018 $9.53 -$0.02
Jun 19, 2018 $9.55 $0.00
Jun 18, 2018 $9.55 $0.00
Jun 15, 2018 $9.55 $0.00
Jun 14, 2018 $9.55 $0.02
Jun 13, 2018 $9.53 -$0.01
Jun 12, 2018 $9.54 $0.00
Jun 11, 2018 $9.54 $0.00
Jun 08, 2018 $9.54 -$0.01
 

Distribution History9

Ex-Date Distribution Reinvest NAV
May 31, 2018 $0.02312 $9.58
Apr 30, 2018 $0.02421 $9.56
Mar 29, 2018 $0.02400 $9.64
Feb 28, 2018 $0.02185 $9.63
Jan 31, 2018 $0.02119 $9.74
Dec 29, 2017 $0.02131 $9.84
Nov 30, 2017 $0.02232 $9.81
Oct 31, 2017 $0.02157 $9.84
Sep 29, 2017 $0.02160 $9.85
Aug 31, 2017 $0.02122 $9.91
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 History9

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 15, 2015 $0.00440 $9.71
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. 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: 

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. Contractual restrictions may impede the Fund's ability to buy or sell loans and loans may be subject to an extended settlement process. As interest rates rise, the value of certain income investments is likely to decline. Mortgage-backed securities are subject to credit, interest rate, prepayment and extension risk. 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. U.S. Treasury securities generally have a lower return than other obligations because of their higher credit quality and market liquidity. 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. Mortgage- and asset-backed securities are subject to credit, interest rate, prepayment and extension risk. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), 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 (%)10 as of Mar 31, 2018

Portfolio Statistics as of Mar 31, 2018

Number of Holdings 343
Average Coupon 3.51%
Average Maturity 6.31 yrs.
Effective Duration 5.25 yrs.
Average Price $100.34
 

Credit Quality (%)10 as of Mar 31, 2018

AAA 34.48
AA 1.90
A 24.67
BBB 28.76
BB 6.43
B 0.49
Not Rated 3.27
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 (%)10 as of Mar 31, 2018

Less Than 1 Year 13.38
1 To 3 Years 14.43
3 To 5 Years 18.46
5 To 10 Years 42.41
10 To 20 Years 8.14
20 To 30 Years 2.88
More Than 30 Years 0.31
Total 100.00
 

Fund Holdings6,11 as of Apr 30, 2018

Holding Coupon Rate Maturity Date % of Net Assets
United States Treasury Inflation Indexed Bonds 1.75% 01/15/2028 3.85%
Prosper Marketplace Issuance Trust Series 2017-1 2.41% 09/15/2023 1.47%
Bank of America Corp 2.74% 01/23/2022 1.14%
Invitation Homes Trust 2.80% 06/17/2037 1.12%
EV Cash Reserves Fund LLC 0.00% 1.02%
EMC Corp 1.88% 06/01/2018 1.00%
Purchasing Power Funding 2018-A LLC 3.34% 08/15/2022 1.00%
Ally Financial Inc 3.25% 11/05/2018 0.96%
CVS Health Corp 4.30% 03/25/2028 0.94%
Bank of America Corp 3.59% 07/21/2028 0.94%
View All

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: 

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. Contractual restrictions may impede the Fund's ability to buy or sell loans and loans may be subject to an extended settlement process. As interest rates rise, the value of certain income investments is likely to decline. Mortgage-backed securities are subject to credit, interest rate, prepayment and extension risk. 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. U.S. Treasury securities generally have a lower return than other obligations because of their higher credit quality and market liquidity. 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. Mortgage- and asset-backed securities are subject to credit, interest rate, prepayment and extension risk. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), 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

Vishal Khanduja, CFA

Vishal Khanduja, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2016

Biography

Vishal Khanduja is a vice president of Eaton Vance Management and lead portfolio manager on Eaton Vance’s core and Calvert fixed-income strategies within diversified fixed income. He leads the Calvert/ Core vertical on the diversified fixed-income team and is responsible for buy and sell decisions and portfolio construction for those strategies. He joined Eaton Vance in 2016.

Vishal began his career in the investment management industry in 2005. Before joining Eaton Vance, he was a senior vice president, portfolio manager and head of taxable fixed income for Calvert Investments. Previously, he was a vice president and portfolio manager at Columbia Threadneedle and associate director of fixed-income analytics at Galliard Capital.

Vishal earned a bachelor of engineering from VJTI, Mumbai, India and an MBA from the Tippie School of Management at the University of Iowa. He is a member of the CFA Institute and the CFA Society of Boston. He is a CFA charterholder.

Education
  • B.Eng. Veermata Jijabai Technological Institute, Mumbai
  • M.B.A. Tippie School of Management, University of Iowa

Experience
  • Managed Fund since 2017

Other funds managed
 
Brian S. Ellis, CFA

Brian S. Ellis, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2016

Biography

Brian Ellis is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance's diversified fixed-income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm's diversified fixed-income strategies. He joined Eaton Vance in 2016.

Brian began his career in the investment management industry in 2006. Before joining Eaton Vance, he was a portfolio manager of fixed-income strategies for Calvert Investments. Previously, he was a software engineer and analyst at Legg Mason Capital Management (now ClearBridge Investments).

Brian earned a B.S. in finance from Salisbury University. He is a CFA charterholder and an FSA credential holder. He is a member of the CFA Institute and the CFA Society of Boston.

Education
  • B.S. Salisbury University

Experience
  • Managed Fund since 2017

Other funds managed
 

Literature

Literature

Fact Sheet

Download - Last updated: Mar 31, 2018

Annual Report

Download - Last updated: Dec 31, 2017

Full Prospectus

Download - Last updated: May 1, 2018

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

Download

SAI

Download - Last updated: May 1, 2018

Semi-Annual Report

Download - Last updated: Jun 30, 2017

Summary Prospectus

Download - Last updated: May 1, 2018

XBRL

Download - Last updated: May 14, 2018