Overview

Strong Morningstar Ratings as of 06/30/2016.3

Historical Returns (%)as of Jun 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
08/31/2016
Fund at NAV 0.18 2.11 5.47 9.02 9.85 7.32 7.75
Fund w/Max Sales Charge -4.60 -2.76 0.47 3.89 8.07 6.27 6.96
Barclays 10 Year Municipal Bond Index4 0.10 1.86 4.65 7.34 6.48 4.86 5.42
06/30/2016
Fund at NAV 2.05 3.11 5.41 10.38 8.63 8.03 7.95
Fund w/Max Sales Charge -2.82 -1.78 0.41 5.13 6.90 6.99 7.14
Barclays 10 Year Municipal Bond Index4 1.69 2.53 4.47 8.29 5.84 5.53 6.24
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. Prior to 4/15/15, Fund was called Eaton Vance Tax-Advantaged Bond Strategies Long Term Fund, had a different objective and employed a different investment strategy. Please see prospectus for more details. Max Sales Charge: 4.75%.

Fund Factsas of Aug 31, 2016

Class A Inception 02/01/2010
Investment Objective Current tax-exempt income
Total Net Assets $503.9M
Minimum Investment $1000
Expense Ratio (Gross)5 0.84%
Expense Ratio (Net)5,6 0.65%
CUSIP 27826M759

Top 10 Holdings (%)7,8as of Jun 30, 2016

State of Texas
Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund
North East Independent School District/TX
County of Duplin NC
Allen Independent School District
State of Washington
Rhode Island Commerce Corp
State of Texas
DuPage County Community Unit School District No 200 Wheaton-Warrenville
NYU Hospitals Center
Total 5.13

Morningstar™ Ratingsas of Aug 31, 2016

Time Period Rating Rating (Load Waived) Funds in
Muni National Interm
Category
Overall **** ***** 308
3 Years **** ***** 308
5 Years **** ***** 268
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.

© 2016 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.

Portfolio Management

James H. Evans, CFA Managed Fund since inception
Christopher J. Harshman, CFA Managed Fund since 2010
Brian C. Barney, CFA Managed Fund since 2012

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund primarily invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund and may also invest directly. References to investments are to the aggregate holdings of the Fund and the Portfolio.

About Risk 

An imbalance in supply and demand in the municipal market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. There generally is limited public information about municipal issuers. As interest rates rise, the value of certain income investments is likely to decline. 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. 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, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
08/31/2016
Fund at NAV 0.18 2.11 5.47 9.02 9.85 7.32 7.75
Fund w/Max Sales Charge -4.60 -2.76 0.47 3.89 8.07 6.27 6.96
Barclays 10 Year Municipal Bond Index4 0.10 1.86 4.65 7.34 6.48 4.86 5.42
Morningstar™ Muni National Interm Category9 0.14 1.51 3.74 5.81 5.29 4.03
06/30/2016
Fund at NAV 2.05 3.11 5.41 10.38 8.63 8.03 7.95
Fund w/Max Sales Charge -2.82 -1.78 0.41 5.13 6.90 6.99 7.14
Barclays 10 Year Municipal Bond Index4 1.69 2.53 4.47 8.29 5.84 5.53 6.24
Morningstar™ Muni National Interm Category9 1.39 2.17 3.62 6.41 4.58 4.48
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. Prior to 4/15/15, Fund was called Eaton Vance Tax-Advantaged Bond Strategies Long Term Fund, had a different objective and employed a different investment strategy. Please see prospectus for more details. Max Sales Charge: 4.75%.

Calendar Year Returns (%)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Fund at NAV 17.19 10.74 -3.62 14.95 4.45
Barclays 10 Year Municipal Bond Index4 4.71 4.29 1.52 9.85 4.05 12.32 5.70 -2.17 8.72 3.76

Fund Facts

Expense Ratio (Gross)5 0.84%
Expense Ratio (Net)5,6 0.65%
Class A Inception 02/01/2010
Distribution Frequency Monthly

Yield Information10as of Aug 31, 2016

Distribution Rate at NAV 1.24%
Subsidized SEC 30-day Yield 0.90%
Unsubsidized SEC 30-day Yield 0.88%

Morningstar™ Ratingsas of Aug 31, 2016

Time Period Rating Rating (Load Waived) Funds in
Muni National Interm
Category
Overall **** ***** 308
3 Years **** ***** 308
5 Years **** ***** 268
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.

© 2016 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
Sep 29, 2016 $12.51 -$0.01
Sep 28, 2016 $12.52 $0.00
Sep 27, 2016 $12.52 $0.02
Sep 26, 2016 $12.50 $0.00
Sep 23, 2016 $12.50 $0.02
Sep 22, 2016 $12.48 $0.01
Sep 21, 2016 $12.47 $0.00
Sep 20, 2016 $12.47 $0.01
Sep 19, 2016 $12.46 -$0.01
Sep 16, 2016 $12.47 $0.01
View All

Distribution History11

Ex-Date Distribution Reinvest NAV
Aug 31, 2016 $0.01321 $12.58
Jul 29, 2016 $0.01403 $12.57
Jun 30, 2016 $0.01387 $12.60
May 31, 2016 $0.01288 $12.36
Apr 29, 2016 $0.01381 $12.36
Mar 31, 2016 $0.01420 $12.26
Feb 29, 2016 $0.01712 $12.20
Jan 29, 2016 $0.01716 $12.22
Dec 31, 2015 $0.01956 $12.04
Nov 30, 2015 $0.01964 $11.93
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 History11

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. Fund primarily invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund and may also invest directly. References to investments are to the aggregate holdings of the Fund and the Portfolio.

About Risk 

An imbalance in supply and demand in the municipal market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. There generally is limited public information about municipal issuers. As interest rates rise, the value of certain income investments is likely to decline. 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. 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 (%)8as of Jun 30, 2016

Municipal Bonds 91.28
Cash 8.72
Total 100.00

Portfolio Statisticsas of Jun 30, 2016

Number of Holdings 622
Average Coupon 4.60%
Average Maturity 10.09 yrs.
Average Effective Maturity 8.34 yrs.
Average Duration 6.33 yrs.
Average Price $121.34
% Prerefunded (% of Bond Holdings) 0.16%

Sector Breakdown (%)8as of Jun 30, 2016

General Obligations 34.12
Other Revenue 11.34
Appropriation 7.91
Insured 7.74
Hospital 6.65
Water and Sewer 4.95
Other Utilities 3.36
Other Transportation 2.75
Education 2.54
Healthcare: Lifecare 2.49
View All

Credit Quality (%)12as of Jun 30, 2016

AAA 16.73
AA 58.24
A 19.51
BBB 5.52
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 higher 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 (%)8as of Jun 30, 2016

Less Than 1 Year 0.00
1 To 3 Years 0.01
3 To 5 Years 4.54
5 To 10 Years 43.62
10 To 20 Years 51.48
20 To 30 Years 0.35
More Than 30 Years 0.00
Total 100.00

Fund Holdings8,13as of Jul 31, 2016

Holding Coupon Rate Maturity Date % of Net Assets
US DOLLARS 10.49%
State of Texas 5.00% 04/01/2029 0.52%
Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund 5.00% 10/01/2024 0.52%
North East Independent School District/TX 5.00% 08/01/2025 0.52%
Allen Independent School District 5.00% 02/15/2021 0.49%
State of Washington 5.00% 08/01/2021 0.49%
County of Duplin NC 5.00% 04/01/2027 0.49%
Rhode Island Commerce Corp 5.00% 06/15/2021 0.48%
King County School District No 411 Issaquah 4.00% 12/01/2031 0.47%
DuPage County Community Unit School District No 200 Wheaton-Warrenville 4.00% 11/01/2021 0.46%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund primarily invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund and may also invest directly. References to investments are to the aggregate holdings of the Fund and the Portfolio.

About Risk 

An imbalance in supply and demand in the municipal market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. There generally is limited public information about municipal issuers. As interest rates rise, the value of certain income investments is likely to decline. 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. 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

Commentary

A Word On The Markets as of Jun 30, 2016

The U.S. municipal bond market was positive for the second quarter of 2016, with the Barclays Municipal Bond Index14 (the Index) returning 2.61% for the three-month period. June represented the 12th straight month of positive performance for the Index.

For the quarter, muni performance was supported by strong demand from investors seeking haven from financial market volatility that persisted due to ongoing global growth concerns. While investors' appetite for risk assets, such as high-yield debt, carried over from the first quarter, volatility ramped up near the end of the quarter following weak U.S. economic data.

The unexpected "leave" result of the U.K. Brexit referendum in late June boosted demand for safe haven assets, such as U.S. Treasurys, with the yield on the 10-year Treasury finishing the quarter near record lows. Muni bonds benefited as well, due to their high correlation with Treasurys. At quarter end, the 10-year muni/Treasury ratio stood at 91%, compared to 85% at the beginning of the year; the 30-year ratio ended at 87%, compared to 94% on December 31.

The municipal yield curve flattened during the quarter, with the two-year AAA muni yield declining 9 basis points (bps) and the 30-year AAA yield falling 67bps. As a result, longer duration muni bonds outperformed their shorter duration counterparts. In terms of credit quality, below investment-grade bonds typically outperformed their higher-quality counterparts, primarily due to strength in Puerto Rico bonds. Puerto Rico bonds were among the best-performing area of the muni market despite defaults and an important July 1 payment deadline.

Technical conditions were supportive during the period. Year-to-date muni bond issuance hit approximately $218 billion as of June 30, down 3% compared to the same period last year, according to Thomson Reuters. On the demand side, municipal bond funds enjoyed 39 consecutive weeks of inflows as of 6/29, according to Investment Company Institute.

Performance Summary 

Eaton Vance TABS 5-to-15 Year Laddered Municipal Bond Fund (the Fund) outperformed its benchmark, the Barclays 10 Year Municipal Bond Index4 (the Index), at net asset value for the quarter.

  • Duration positioning aided the Fund's performance relative to the Index.
  • Security selection in certain securities bolstered performance relative to the Index.
  • The Fund's credit quality positioning detracted from Fund performance relative to the Index.
  • Yield curve positioning - how the Fund's investments were allocated among securities with various maturities - also detracted from performance relative to the Index.

Historical Returns (%)as of Jun 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
Fund at NAV 2.05 3.11 5.41 10.38 8.63 8.03 7.95
Fund w/Max Sales Charge -2.82 -1.78 0.41 5.13 6.90 6.99 7.14
Barclays 10 Year Municipal Bond Index4 1.69 2.53 4.47 8.29 5.84 5.53 6.24
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. Prior to 4/15/15, Fund was called Eaton Vance Tax-Advantaged Bond Strategies Long Term Fund, had a different objective and employed a different investment strategy. Please see prospectus for more details. Max Sales Charge: 4.75%.

Fund Factsas of Jun 30, 2016

Class A Inception 02/01/2010
Expense Ratio (Gross)5 0.84%
Expense Ratio (Net)5,6 0.65%

Contributors 

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

  • From the perspective of duration positioning, the Fund had a longer duration than the Index, which boosted performance on a relative basis as interest rates fell for the period.
  • Security selection was a contributor for the quarter, as the bonds held by the Fund generally outpaced similar bonds in the Index.

Detractors 

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

  • The Fund's credit quality detracted from performance relative to the Index. Fund holdings' credit quality was higher than the Index for the quarter. Lower-quality securities outperformed their higher-quality counterparts for the quarter.
  • Yield curve positioning versus the Index was a detractor for the Fund. The Fund is approximately equal-weighted from five to 15 years in maturity. The Fund's exposure to five- to seven-year maturities detracted from performance, as these maturities underperformed longer maturities for the period. The Index has no exposure to five- to seven-year maturities.

Investment Outlook And Fund Positioning 

Absent a meaningful spike in Treasury yields, we believe the municipal market is likely to remain well-supported in the near term. The summer months are historically favorable for municipal bonds primarily due to a decline in municipal issuance, the seasonally large reinvestment of coupons and bond maturities. More importantly, with an economic environment defined by high uncertainty, low growth and muted inflation, we think this favorable supply-demand dynamic should keep a lid on yields in the near term.

Looking out over the longer term, we believe demand for munis could remain strong in an environment where economic growth is slow and financial market uncertainty persists. Given this view, we believe tax-sensitive income-seeking investors may continue to seek munis as a source of yield.

We continue to closely monitor events in Puerto Rico, particularly the important July 1 payment deadline. Additional defaults on the island's debt will likely occur in the coming months. If a default by a Puerto Rico issuer disrupts the broader muni market, we would consider any price volatility as an opportunity.15

Credit Quality (%)12as of Jun 30, 2016

AAA 16.73
AA 58.24
A 19.51
BBB 5.52
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 higher 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.

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 primarily invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund and may also invest directly. References to investments are to the aggregate holdings of the Fund and the Portfolio.

About Risk 

An imbalance in supply and demand in the municipal market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. There generally is limited public information about municipal issuers. As interest rates rise, the value of certain income investments is likely to decline. 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. 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

No attribution information is currently available.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund primarily invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund and may also invest directly. References to investments are to the aggregate holdings of the Fund and the Portfolio.

About Risk 

An imbalance in supply and demand in the municipal market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. There generally is limited public information about municipal issuers. As interest rates rise, the value of certain income investments is likely to decline. 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. 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
James H. Evans, CFA

James H. Evans, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2008

James Evans is a vice president of Eaton Vance Management, director of the tax-advantaged bond strategies (TABS) division and portfolio manager on Eaton Vance's TABS team. Jim joined Eaton Vance in December 2008 when it acquired M.D. Sass Tax Advantaged Bond Strategies, LLC, where he was senior portfolio manager and manager of the TABS team.

Jim joined M.D. Sass in 1990 to manage its clients' municipal bond portfolios. He has over 30 years of investment experience. Previously, he was affiliated with Kidder, Peabody & Company as vice president in charge of its municipal arbitrage account, and with Continental Bank and Mellon Bank, where he was a municipal bond trader/underwriter.

Jim earned a B.S. in engineering from Cornell University. He is a CFA charterholder. Jim's commentary has appeared in Bloomberg, The Bond Buyer and Barron's, among other publications.

Education
  • B.S. Cornell University
Experience
  • Managed Fund since inception
Biography
Christopher J. Harshman, CFA

Christopher J. Harshman, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2009

Christopher Harshman is a vice president of Eaton Vance Management and municipal portfolio manager on Eaton Vance’s tax-advantaged bond strategies team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s tax-advantaged bond strategies. He joined Eaton Vance in 2009.

Christopher began his career in the investment management industry in 2003. Before joining Eaton Vance, Christopher was a vice president and senior bond and derivatives trader at Wachovia Bank and Wells Fargo.

Christopher earned a B.S.B.A. from the University of Florida and an MBA from the Simon School of Business at the University of Rochester. He is a CFA charterholder.

Education
  • B.S.B.A. University of Florida
  • M.B.A. Simon School of Business, University of Rochester
Experience
  • Managed Fund since 2010
Biography
Brian C. Barney, CFA

Brian C. Barney, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2008

Brian Barney is a vice president of Eaton Vance Management and municipal portfolio manager on Eaton Vance's tax-advantaged bond strategies team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm's tax-advantaged bond strategies. He joined Eaton Vance in 2009.

Brian began his career in the investment management industry in 2001. Before joining Eaton Vance, he was affiliated with M.D. Sass Tax Advantaged Bond Strategies, LLC, where he was vice president and municipal portfolio manager.

Brian earned a B.S. in systems engineering from the University of Virginia. He is a CFA charterholder.

Education
  • B.S. University of Virginia
Experience
  • Managed Fund since 2012

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2016

Commentary

Download - Last updated: Jun 30, 2016

Annual Report

Download - Last updated: Jan 31, 2016

Full Prospectus

Download - Last updated: Jun 16, 2016

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

Download

Eaton Vance municipal funds' holdings in Puerto Rico debt

Download - Last updated: Jul 1, 2016

Roll with the punches from rising interest rates

Download - Last updated: Jan 1, 2016

SAI

Download - Last updated: Jun 1, 2016

Think Performance Think Eaton Vance

Download - Last updated: Jun 30, 2016

Semi-Annual Report

Download - Last updated: Jul 31, 2016

Summary Prospectus

Download - Last updated: Jun 16, 2016

XBRL

Download - Last updated: Jun 16, 2016