Overview

Income Fund of Boston has generated mostly excess returns above its peer group since the current portfolio manager began managing the Fund.1

As of 03/31/2015

  • A Shares at NAV
  • Morningstar High Yield Bond Category Average

Average Annual Returns (%) as of Mar 31, 2015

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
04/30/2015
Fund at NAV 1.00 2.67 3.55 3.14 6.93 7.86 7.44
Fund w/Max Sales Charge -3.87 -2.16 -1.33 -1.84 5.21 6.80 6.92
BofA Merrill Lynch U.S. High Yield Index2 1.20 3.06 3.77 2.57 7.53 8.18 8.28
03/31/2015
Fund at NAV -0.33 2.52 2.52 2.60 6.96 8.07 7.19
Fund w/Max Sales Charge -5.10 -2.31 -2.31 -2.34 5.24 7.03 6.67
BofA Merrill Lynch U.S. High Yield Index2 -0.53 2.54 2.54 2.05 7.47 8.40 8.03
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 one year is cumulative. Max Sales Charge: 4.75%.

Fund Facts as of Apr 30, 2015

Class A Inception 06/15/1972
Investment Objective High current income
Total Net Assets $5.0B
Minimum Investment $1000
Expense Ratio3 1.00%
CUSIP 277907101

Top 10 Issuers (%)4 as of Apr 30, 2015

Sprint Nextel Corp.
Valeant Pharmaceuticals
Altice SA
Laureate Education Inc
Cheniere Energy Inc.
Chrysler GP/CG Co-Issuer
Asurion LLC
Alcatel-Lucent USA Inc
Chesapeake Energy Corp
Charter Comm. Hlds.
Total 14.44


Portfolio Management

Michael W. Weilheimer, CFA Managed Fund since 1996
Stephen C. Concannon, CFA Managed Fund since 2014

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 

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. 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. 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. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), 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

Average Annual Returns (%) as of Mar 31, 2015

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
04/30/2015
Fund at NAV 1.00 2.67 3.55 3.14 6.93 7.86 7.44
Fund w/Max Sales Charge -3.87 -2.16 -1.33 -1.84 5.21 6.80 6.92
BofA Merrill Lynch U.S. High Yield Index2 1.20 3.06 3.77 2.57 7.53 8.18 8.28
Morningstar™ High Yield Bond Category5 1.16 3.10 3.44 1.48 6.50 7.28 6.99
03/31/2015
Fund at NAV -0.33 2.52 2.52 2.60 6.96 8.07 7.19
Fund w/Max Sales Charge -5.10 -2.31 -2.31 -2.34 5.24 7.03 6.67
BofA Merrill Lynch U.S. High Yield Index2 -0.53 2.54 2.54 2.05 7.47 8.40 8.03
Morningstar™ High Yield Bond Category5 -0.34 2.25 2.25 0.75 6.35 7.45 6.74
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 one year is cumulative. Max Sales Charge: 4.75%.

Calendar Year Returns (%)

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Fund at NAV 3.61 11.29 2.25 -30.31 57.07 14.84 4.58 13.40 7.29 2.54
BofA Merrill Lynch U.S. High Yield Index2 2.74 11.77 2.19 -26.39 57.51 15.19 4.38 15.58 7.42 2.50

Fund Facts

Expense Ratio3 1.00%
Class A Inception 06/15/1972
Distribution Frequency Monthly

Yield Information6 as of Apr 30, 2015

Distribution Rate at NAV 5.97%
SEC 30-day Yield 4.26%


Morningstar™ Ratings as of Apr 30, 2015

Time Period Rating Rating (Load Waived) Funds in
High Yield Bond
Category
Overall *** **** 599
3 Years ** **** 599
5 Years *** **** 513
10 Years *** *** 355
Based on Risk-Adjusted Returns.

The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.

© 2014 Morningstar, Inc. 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 is responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in the same category. This measure takes into account variations in a fund's monthly performance after adjusting for sales loads (except for load-waived A shares) redemption fees, and the risk-free rate, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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. Load-waived A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load. The Morningstar Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structure.

NAV History

Date NAV NAV Change
May 22, 2015 $5.95 $0.00
May 21, 2015 $5.95 $0.00
May 20, 2015 $5.95 $0.00
May 19, 2015 $5.95 $0.00
May 18, 2015 $5.95 $0.00
May 15, 2015 $5.95 $0.00
May 14, 2015 $5.95 $0.01
May 13, 2015 $5.94 $0.01
May 12, 2015 $5.93 $-0.02

Distribution History7

Ex-Date Distribution Reinvest NAV
Apr 30, 2015 $0.02918 $5.95
Mar 31, 2015 $0.03015 $5.92
Feb 27, 2015 $0.02723 $5.97
Jan 30, 2015 $0.03015 $5.88
Dec 31, 2014 $0.03015 $5.86
Nov 28, 2014 $0.02918 $5.96
Oct 31, 2014 $0.03015 $6.02
Sep 30, 2014 $0.02918 $5.97
Aug 29, 2014 $0.03015 $6.11
Jul 31, 2014 $0.03015 $6.04
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

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 as of month-end for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. For the Eaton Vance Fund's performance as of the most recent month-end, please refer to eatonvance.com. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns shown at NAV unless noted otherwise. Returns for other classes of shares offered by the Fund are different. It is not possible to invest in an index.

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 

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. 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. 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. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), 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 (%)4 as of Apr 30, 2015

U.S. Corporate Bonds 89.02
Floating-Rate Loans 5.73
Cash & Equivalents 3.28
Other Net Assets 1.96
Total 100.00

Portfolio Statistics as of Apr 30, 2015

Number of Issuers 275
Number of Holdings 465
Average Yield to Maturity 6.42%
Average Coupon 6.86%
Average Maturity 6.14 yrs.
Average Effective Maturity 4.24 yrs.
Average Duration 3.28 yrs.
Average Price $103.52


Sector Breakdown (%)4 as of Apr 30, 2015

Energy 14.09
Healthcare 13.32
Telecommunications 8.08
Services 7.28
Super Retail 6.92
Cable/Satellite TV 5.59
Technology 5.49
Automotive & Auto Parts 3.46
Div. Financial Services 3.41
Gaming 2.92
View All

Credit Quality (%)8 as of Apr 30, 2015

BBB 2.79
BB 35.42
B 39.87
CCC or Lower 19.41
Not Rated 2.52
Total 100.00
Credit ratings are categorized using S&P. If S&P does not publish a rating, then the Moody's 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 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.


Assets by Country (%) as of Apr 30, 2015

United States 82.38
Canada 3.55
Luxembourg 3.51
France 2.22
Germany 1.70
Netherlands 1.33
United Kingdom 1.06
Other 4.26

Maturity Distribution (%)4 as of Apr 30, 2015

Less Than 1 Year 0.38
1 To 3 Years 4.61
3 To 5 Years 22.78
5 To 10 Years 70.31
10 To 20 Years 1.58
20 To 30 Years 0.26
More Than 30 Years 0.09
Total 100.00


Fund Holdings4,9 as of Mar 31, 2015

Holding Coupon Rate Maturity Date % of Net Assets
EV Cash Reserves Fund 0.12% 03/31/2015 2.24%
Laureate Education Inc 10.00% 09/01/2019 1.48%
FCA US LLC / CG Co-Issuer Inc 8.25% 06/15/2021 0.77%
Alcatel-Lucent USA Inc 8.88% 01/01/2020 0.74%
Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 9.88% 08/15/2019 0.72%
XPO Logistics Inc 7.88% 09/01/2019 0.70%
Tenet Healthcare Corp 8.13% 04/01/2022 0.68%
Alphabet Holding Co Inc 7.75% 11/01/2017 0.66%
Family Tree Escrow LLC 5.75% 03/01/2023 0.66%
Asurion 8.50% 03/03/2021 0.65%
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 

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. 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. 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. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), 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.


Insights & Analysis

Quarterly Commentary

A Word On The Markets  as of Mar 31, 2015

High-yield corporate bonds had a strong, but volatile, quarter. After a lackluster start, the strong performance returned to the asset class in mid-January, fueled by surging demand, likely the result of aggressive quantitative easing and low yields in Europe, coupled with continued low interest rates in the U.S. Temporary stabilization in the price of oil also helped attract investors, given the energy sector’s sizable weight in the U.S. high-yield universe. From mid-January through February, over $11 billion dollars flowed into U.S. high-yield bonds, driving up prices. In early March, however, the price of oil started to slide again and investor interest in high yield temporarily waned. The situation reversed mid-month when comments by U.S. Federal Reserve chairwoman Janet Yellen suggested that key short-term interest rates might remain near historical lows longer than investors had been anticipating. The price of oil also started to stabilize again, further renewing investor interest and spurring additional inflows.

U.S. economic growth was impeded by the harsh winter weather, but remained at a sufficient level to support high-yield bonds. Within the asset class, credit fundamentals were mostly strong with the exception of energy. The trailing 12-month default rate rose to 3%, which was still below the historical average of nearly 4%. In total, only six companies defaulted in the quarter, including a sizable, but anticipated, issuer in the gaming sector. Against this backdrop, average yields on high-yield debt fell from 6.65% at the start of the year to about 6.21% at quarter end. New issuance remained robust.

The BofA Merrill Lynch U.S. High Yield Index (the Index)2 finished the three-month period ended March 31, 2015, with a 2.54% return. Its performance beat higher-quality investment-grade corporate bonds and U.S. Treasury bonds, as well as the S&P 500 and emerging-market debt. Within the Index, the strongest returns came from higher credit quality and longer duration10 issues.

Performance Summary 

Eaton Vance Income Fund of Boston (the Fund) performed in line with the Index at net asset value for the first quarter.

  • Within the CCC- and B-rated segments, our bias toward higher-quality, lower-yielding issues helped drive favorable credit selection, enabling the Fund to outperform the Index in these categories.
  • Security selection across sectors further aided performance relative to the Index. The biggest contribution came from energy due to the Fund’s focus on high-quality, low cost exploration and production companies as well as its lack of exposure to offshore drilling companies.
  • The Fund had a slightly shorter duration than the Index, which hampered performance relative to the Index.
  • A small cash position also modestly detracted, as high-yield bonds rallied.

Average Annual Returns (%) as of Mar 31, 2015

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
Fund at NAV -0.33 2.52 2.52 2.60 6.96 8.07 7.19
Fund w/Max Sales Charge -5.10 -2.31 -2.31 -2.34 5.24 7.03 6.67
BofA Merrill Lynch U.S. High Yield Index2 -0.53 2.54 2.54 2.05 7.47 8.40 8.03
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 one year is cumulative. Max Sales Charge: 4.75%.

Fund Facts as of Mar 31, 2015

Class A Inception 06/15/1972
Expense Ratio3 1.00%


Contributors 

Factors contributing to the Fund’s relative performance compared to the Index during the quarter:

  • Credit selection helped in the CCC- and B-rated segments.
  • Security selection was favorable in the two- to five-year duration segment, followed by the five- to 10-year segment.
  • Energy was the Fund’s top contributor in terms of sectors. Credit selection here helped, thanks to our focus on high-quality, low cost exploration and production companies, lack of exposure to offshore drillers and underweight in energy services. An underweight and issue selection in metals and mining – the weakest-performing sector in the Index – gave an added boost, largely because we avoided unsecured coal or iron ore bonds, which were poor performers.

Detractors 

Factors detracting from the Fund’s relative performance compared to the Index during the quarter:

  • Security selection in the BBB-rated segment detracted from performance relative to the Index.
  • A sizable overweight in bonds with zero- to two-year durations detracted, as this was the weakest duration segment in the Index. Underweights in bonds with durations of five- to 10-years and 10 or more years also hurt, as longer-duration bonds outperformed.
  • Credit selection in the services sector hindered performance versus the Index.

Investment Outlook And Fund Positioning 

We remain positive on the outlook for high-yield bonds, although volatility could remain elevated. Economic growth is expected to be decent, but not so robust that wage inflation will pick up meaningfully and pressure interest rates. Debt levels on balance sheets remain stable, with coverage for interest payments near all-time highs. Default rates may increase in 2015, but seem likely to remain below their 4% historical average. With global yields at extremely low levels, we expect demand for U.S. high-yield bonds to remain healthy, helping to drive performance. Using historical performance as a guide, once U.S. interest rates do start to rise, high-yield bonds should still hold up well relative to other asset classes based on their past performance.

Going forward, we expect credit selection to be critical to capturing as much upside as possible when high-yield bonds rally and minimizing losses in the downturns. We plan to maintain a shorter-than-average duration to limit price volatility. At quarter-end, the Fund had a significant overweight in bonds with durations under two years. In terms of credit quality allocations, the Fund ended the period with a sizable underweight versus the Index in BB-rated bonds and a slight overweight in CCC-rated securities. Sector overweights included retail, services, and health care.

Credit Quality (%)8 as of Mar 31, 2015

BBB 2.98
BB 32.95
B 43.03
CCC or Lower 19.22
Not Rated 1.81
Total 100.00
Credit ratings are categorized using S&P. If S&P does not publish a rating, then the Moody's 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 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.


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.

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 

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. 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. 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. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), 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.


Attribution

Attribution available in Fund Literature tab.

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 

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. 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. 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. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), 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

Biography
Michael W. Weilheimer, CFA

Michael W. Weilheimer, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 1990

Michael Weilheimer is a vice president of Eaton Vance Management, director of high-yield investments and a 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 1990.

Mike began his career in the investment management industry in 1987. Before joining Eaton Vance, he worked for Cowen & Company as an analyst specializing in distressed debt securities and was also affiliated with Amroc Investments, L.P.

Mike earned a B.S. from the University at Albany, State University of New York and an MBA from the University of Chicago. He is a member of the Boston Security Analysts Society, is on the board of trustees for Gann Academy, and on the dean’s advisory board for the School of Business, University at Albany, State University of New York. He is a CFA charterholder.

Mike’s commentary has appeared in Barron’s, The Wall Street Journal, Reuters and USA Today.

Education
  • B.S. State University of New York at Albany
  • M.B.A. Booth School of Business, University of Chicago
Experience
  • Managed Fund since 1996
Biography

Stephen C. Concannon, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2000

Stephen Concannon is a vice president and portfolio manager on Eaton Vance’s high-yield team, also contributing to the firm’s multisector bond strategy. 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 Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.A. Bates College
Experience
  • Managed Fund since 2014

Fund Literature

Fund Literature

Annual Report

Attribution

Income, Volatility and Taxes Guide

Commentary

Income Markets Review

Income Markets Snapshot

Discover Opportunities in the Income Markets with Eaton Vance

Fact Sheet

Income: Breaking from tradition in today’s bond market

Full Prospectus

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

SAI

Think Performance Think Eaton Vance

Semi-Annual Report

Summary Prospectus

XBRL


 

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