Overview

Historical Returns (%) as of Sep 30, 2020

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.
 

Distribution Rates1

as of Nov 25, 2020
Distribution Rate at NAV 2.42%
Distribution Rate at Market Price 2.50%
 

Fund Facts

Performance Inception 05/31/2016
Investment Objective High current income
CUSIP 27829W101

Expense Ratios (%)2

as of Annual Report dated 03/31/2020
Management Fees 0.79
Other Expenses 0.10
Total Expenses (ex Interest and Fee Expense) 0.89
Interest and Fee Expense 0.48
Total Expenses 1.37
 

The information included herein does not reflect securities deemed to be held by the Fund pursuant to financial accounting standard 140 (FAS 140).

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.


Performance

Historical Returns (%) as of Sep 30, 2020

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.
 

Calendar Year Returns (%)

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Fund at NAV 5.68 -0.08 9.21
Market Price 6.96 -5.47 17.87
 

Fund Facts

Performance Inception 05/31/2016
 

Distribution Rates1

as of Nov 25, 2020
Distribution Rate at NAV 2.42%
Distribution Rate at Market Price 2.50%
 

Distribution History3

Ex-Date Distribution Reinvest Price
Nov 10, 2020 $0.02000 $9.61
Oct 09, 2020 $0.02000 $9.64
Sep 10, 2020 $0.02000 $9.50
Aug 12, 2020 $0.03000 $9.77
Jul 10, 2020 $0.03000 $9.55
Jun 10, 2020 $0.03000 $9.67
May 08, 2020 $0.03000 $9.25
Apr 09, 2020 $0.03000 $8.98
Mar 11, 2020 $0.03000 $8.31
Feb 12, 2020 $0.03000 $10.01
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
 

Tax Character of Distributions

Ordinary Dividends    
Non-Qualified Qualified Total Capital Gain Distributions Nondividend Distributions Total Distributions
Distributions ($)
2019 $0.35 $0.00 $0.35 $0.07 $0.00 $0.43
2018 $0.56 $0.00 $0.56 $0.00 $0.00 $0.56
2017 $0.60 $0.00 $0.60 $0.00 $0.00 $0.60
2016 $0.35 $0.00 $0.35 $0.00 $0.00 $0.35
Distributions (%)
2019 83.03% 0.00% 83.03% 16.97% 0.00% 100.00%
2018 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2017 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%
2016 100.00% 0.00% 100.00% 0.00% 0.00% 100.00%

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.


Portfolio

Fund Holdings4,5 as of Sep 30, 2020

Holding Coupon Rate Maturity Date % of Net Assets
CSC Holdings LLC 6.75% 11/15/2021 5.56%
Sprint Corp 7.25% 09/15/2021 5.06%
CIT Group Inc 4.13% 03/09/2021 4.76%
General Motors Financial Co Inc 0.79% 11/06/2020 3.74%
Navient Corp 6.63% 07/26/2021 3.41%
Hughes Satellite Systems Corp 7.63% 06/15/2021 3.26%
CenturyLink Inc 6.45% 06/15/2021 3.22%
Starwood Property Trust Inc 3.63% 02/01/2021 3.15%
KB Home 7.00% 12/15/2021 3.04%
Lennar Corp 4.75% 04/01/2021 2.94%
View All

The information included herein does not reflect securities deemed to be held by the Fund pursuant to financial accounting standard 140 (FAS 140).

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.


Management

Stephen C. Concannon, CFA

Stephen C. Concannon, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2000

Biography

Stephen Concannon is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s high-yield team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s high-yield strategies. He joined Eaton Vance in 2000.

Steve began his career in the investment management industry in 1993. Before joining Eaton Vance, he was a research analyst for Wellington Management.

Steve earned a B.A. from Bates College. He is a member of the CFA Society of Boston and is a CFA charterholder.

Education
  • B.A. Bates College

Experience
  • Managed Fund since inception

 
Kelley G. Baccei

Kelley G. Baccei

Vice President, Eaton Vance Management
Joined Eaton Vance 2005

Biography

Kelley Baccei is a vice president of Eaton Vance Management and a portfolio manager on Eaton Vance’s high-yield team. She is responsible for buy and sell decisions and portfolio construction. She joined Eaton Vance in 2005.

Kelley began her career in the investment management industry in 2000. Before joining Eaton Vance, she was the director of high-yield distressed research at Fieldstone Capital Group. Previously, she was associate director of fixed-income research at Scotia Capital Markets, Inc.

Kelley earned a B.A. from Boston College and a certificate in credit analysis from New York University.

Education
  • B.A. Boston College

Experience
  • Managed Fund since inception

Other funds managed
 

Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2020

Annual Report

Download - Last updated: Mar 31, 2020

Holdings - Form N-PORT

Download

Eaton Vance Closed-End Funds Announce Board Approval of New Investment Advisory and Sub-Advisory Agreements

Download - Last updated: Nov 10, 2020

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

Download - Last updated: Nov 2, 2020

UNII Report

Download - Last updated: Oct 31, 2020

Eaton Vance Closed-End Funds Announce Record and Meeting Dates For Joint Special Meeting of Shareholders

Download - Last updated: Oct 29, 2020

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

Download - Last updated: Oct 1, 2020

UNII Report

Download - Last updated: Sep 30, 2020

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

Download - Last updated: Sep 1, 2020

UNII Report

Download - Last updated: Aug 31, 2020

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

Download - Last updated: Aug 3, 2020

UNII Report

Download - Last updated: Jul 31, 2020

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

Download - Last updated: Jul 1, 2020

UNII Report

Download - Last updated: Jun 30, 2020

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

Download - Last updated: Jun 1, 2020

UNII Report

Download - Last updated: May 31, 2020

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

Download - Last updated: May 1, 2020

UNII Report

Download - Last updated: Apr 30, 2020

Eaton Vance High Income 2021 Target Term Trust Announces Change To Investment Policies

Download - Last updated: Apr 8, 2020

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

Download - Last updated: Apr 1, 2020

UNII Report

Download - Last updated: Mar 31, 2020

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

Download - Last updated: Mar 2, 2020

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

Download - Last updated: Feb 3, 2020

UNII Report

Download - Last updated: Jan 31, 2020

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds and Portfolio Managers of Eaton Have High Income 2021 Target Term Trust (NYSE: EHT)

Download - Last updated: Jan 2, 2020

UNII Report

Download - Last updated: Dec 31, 2019

UNII Report

Download - Last updated: Dec 17, 2019

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

Download - Last updated: Dec 2, 2019

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

Download - Last updated: Nov 1, 2019

UNII Report

Download - Last updated: Oct 31, 2019

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

Download - Last updated: Oct 1, 2019

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

Download - Last updated: Sep 3, 2019

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

Download - Last updated: Aug 1, 2019

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

Download - Last updated: Jul 1, 2019

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

Download - Last updated: Jun 3, 2019

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

Download - Last updated: May 1, 2019

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

Download - Last updated: Apr 1, 2019

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

Download - Last updated: Mar 1, 2019

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

Download - Last updated: Feb 1, 2019

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

Download - Last updated: Dec 18, 2018

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

Download - Last updated: Dec 3, 2018

Proxy Statement

Download - Last updated: Nov 25, 2020

Proxy Statement

Download - Last updated: Nov 25, 2020

Section 16 Filings - www.sec.gov

Download - Last updated: Jun 1, 2016

Semi-Annual Report

Download - Last updated: Sep 30, 2020