Overview

Investment Objectives

The Trust's investment objectives are high current income and to return $9.851 per share (the original net asset value) to holders of common shares on or about October 31, 20222 (“Termination Date”).
 

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 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 or equal to one year is cumulative.
 

Fund Facts as of Jun 30, 2018

Performance Inception 07/31/2017
CUSIP 27831H100
 

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

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.


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 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 or equal to one year is cumulative.
 

Fund Facts

Performance Inception 07/31/2017
 

Distribution History3

Ex-Date Distribution Reinvest Price
Jul 11, 2018 $0.04300 $9.40
Jun 08, 2018 $0.04200 $9.38
May 10, 2018 $0.04100 $9.55
Apr 11, 2018 $0.04200 $9.51
Mar 09, 2018 $0.04200 $9.34
Feb 09, 2018 $0.04100 $9.26
Dec 27, 2017 $0.04000 $9.42
Dec 08, 2017 $0.03900 $9.38
Nov 10, 2017 $0.03960 $9.62
Oct 11, 2017 $0.03960 $9.81
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
Trust prospectus
 

Tax Character of Distributions

Ordinary Dividends    
Non-Qualified Qualified Total Capital Gain Distributions Nondividend Distributions Total Distributions
Distributions ($)
2017 $0.20 $0.00 $0.20 $0.00 $0.00 $0.20
Distributions (%)
2017 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 Trust shares. Common shares of the Trust are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Trust will achieve its investment objectives. The Trust is subject to numerous risks, including investment risks. Shares of closed-end funds frequently trade at a discount from their net asset value. The Trust is not designed to be a complete investment program and you may lose money investing in the Trust. An investment in the Trust may not be appropriate for all investors. Investors should review and consider carefully the Trust's investment objectives, risks, charges and expenses before investing.

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.


Portfolio

Fund Holdings4,5 as of May 31, 2018

Holding Coupon Rate Maturity Date % of Net Assets
Change Healthcare 4.73% 03/01/2024 1.73%
Golden Nugget, Inc (old Landry's) 4.71% 10/04/2023 1.45%
National CineMedia, LLC 4.74% 11/26/2019 1.31%
Virgin Media 4.42% 01/15/2026 1.30%
Live Nation Entertainment, Inc. 3.75% 10/31/2023 1.30%
Four Seasons Hotels Limited 3.98% 11/30/2023 1.30%
Las Vegas Sands 3.73% 03/27/2025 1.30%
Reynolds Consumer Products 4.73% 02/05/2023 1.30%
Kindred Healthcare, Inc. 5.88% 04/09/2021 1.30%
IQVIA Inc 4.30% 03/07/2024 1.30%
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 Trust shares. Common shares of the Trust are only available for purchase and sale at current market price on a stock exchange. There is no assurance that the Trust will achieve its investment objectives. The Trust is subject to numerous risks, including investment risks. Shares of closed-end funds frequently trade at a discount from their net asset value. The Trust is not designed to be a complete investment program and you may lose money investing in the Trust. An investment in the Trust may not be appropriate for all investors. Investors should review and consider carefully the Trust's investment objectives, risks, charges and expenses before investing.

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.


Management

Scott H. Page, CFA

Scott H. Page, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 1989

Biography

Scott Page is a vice president of Eaton Vance Management, co-director of bank loans 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 joined Eaton Vance in 1989.

Scott began his career in the investment management industry in 1981. Before joining Eaton Vance, he was affiliated with the Dartmouth College Investment Office, as well as Citicorp and Chase Manhattan Bank in corporate finance/lending and credit review.

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

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

Education
  • B.A. Williams College
  • M.B.A. Amos Tuck School of Business Administration, Dartmouth College

Experience
  • Managed Fund since inception

 
Craig P. Russ

Craig P. Russ

Vice President, Eaton Vance Management
Joined Eaton Vance 1997

Biography

Craig Russ is a vice president of Eaton Vance Management, co-director of bank loans and portfolio manager on Eaton Vance’s floating-rate loan team. He is responsible for buy and sell decisions and portfolio construction for the firm’s floating-rate loan strategies. He joined Eaton Vance in 1997.

Craig began his career in the investment management industry in 1985. Before joining Eaton Vance, he worked in commercial lending at State Street Bank.

Craig earned a B.A., cum laude, from Middlebury College and studied at the London School of Economics. He previously served as chairman of the board of directors 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

 

Literature

Literature

Fact Sheet

Download - Last updated: Mar 31, 2018

Prospectus

Download - Last updated: Jul 26, 2017

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

Download

Morningstar EFL Fact Sheet

Download

UNII Report

Download - Last updated: Jun 30, 2018

UNII Report

Download - Last updated: May 31, 2018

UNII Report

Download - Last updated: Apr 30, 2018

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

Download - Last updated: Jul 2, 2018

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

Download - Last updated: Jun 1, 2018

Distribution Dates and Amounts Announced For Eaton Vance Closed-End Funds

Download - Last updated: May 1, 2018

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

Download - Last updated: Apr 2, 2018

UNII Report

Download - Last updated: Mar 31, 2018

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

Download - Last updated: Mar 1, 2018

UNII Report

Download - Last updated: Feb 28, 2018

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

Download - Last updated: Feb 1, 2018

UNII Report

Download - Last updated: Jan 31, 2018

Closed-End Fund Earnings Undistributed Net Income Information

Download - Last updated: Dec 31, 2017

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

Download - Last updated: Dec 18, 2017

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

Download - Last updated: Dec 1, 2017

Closed-End Fund Earnings Undistributed Net Income Information

Download - Last updated: Nov 30, 2017

Distribution Dates and Amounts Announced For Eaton Vance Closed-End Funds

Download - Last updated: Nov 1, 2017

Closed-End Fund Earnings Undistributed Net Income Information

Download - Last updated: Oct 31, 2017

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

Download - Last updated: Oct 2, 2017

Eaton Vance Floating-Rate 2022 Target Term Trust Declares Initial Monthly Distribution

Download - Last updated: Sep 1, 2017

SAI

Download - Last updated: Jul 26, 2017

Section 16 Filings - www.sec.gov

Download - Last updated: Jul 26, 2017

Semi-Annual Report

Download - Last updated: Dec 31, 2017