Overview

Historical Returns (%)as of Jun 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2016
Fund at NAV -0.49 1.71 1.31 4.14 8.74 10.90 4.32
Market Price 1.14 4.86 2.78 3.66 7.37 10.18 4.10
06/30/2016
Fund at NAV -2.12 -0.57 -2.50 -3.77 8.07 7.98 4.58
Market Price -1.28 1.70 -3.24 -7.49 6.20 7.07 4.45
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 Sep 23, 2016
Distribution Rate at NAV 7.52%
Distribution Rate at Market Price 8.13%

Fund Factsas of Aug 31, 2016

Performance Inception 01/30/2004
Investment Objective High level of after-tax total return
CUSIP 27828S101

Portfolio Management

Christopher M. Dyer, CFA Managed Fund since 2015
Michael A. Allison, CFA Managed Fund since 2013
John H. Croft, CFA Managed Fund since 2010

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 Jun 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2016
Fund at NAV -0.49 1.71 1.31 4.14 8.74 10.90 4.32
Market Price 1.14 4.86 2.78 3.66 7.37 10.18 4.10
06/30/2016
Fund at NAV -2.12 -0.57 -2.50 -3.77 8.07 7.98 4.58
Market Price -1.28 1.70 -3.24 -7.49 6.20 7.07 4.45
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 (%)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Fund at NAV 32.08 14.45 -50.56 26.70 13.14 0.08 17.23 29.62 5.24 3.58
Market Price 33.82 11.30 -55.80 44.57 12.45 -5.37 21.32 33.90 2.61 3.39

Fund Facts

Performance Inception 01/30/2004

Distribution Rates1

as of Sep 23, 2016
Distribution Rate at NAV 7.52%
Distribution Rate at Market Price 8.13%

Distribution History2

Ex-Date Distribution Reinvest Price
Sep 21, 2016 $0.10250 $15.09
Aug 22, 2016 $0.10250 $15.25
Jul 20, 2016 $0.10250 $14.99
Jun 21, 2016 $0.10250 $14.38
May 20, 2016 $0.10250 $14.88
Apr 20, 2016 $0.10250 $14.54
Mar 22, 2016 $0.10250 $14.36
Feb 18, 2016 $0.10250 $14.09
Jan 20, 2016 $0.10250 $13.95
Dec 21, 2015 $0.10250 $15.25
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.

Tax Character of Distributions

Ordinary Dividends    
Non-Qualified Qualified Total Capital Gain Distributions Nondividend Distributions Total Distributions
Distributions ($)
2015 $0.00 $1.23 $1.23 $0.00 $0.00 $1.23
2014 $0.00 $1.23 $1.23 $0.00 $0.00 $1.23
2013 $0.00 $1.13 $1.13 $0.00 $0.00 $1.13
2012 $0.00 $1.23 $1.23 $0.00 $0.00 $1.23
2011 $0.00 $1.23 $1.23 $0.00 $0.00 $1.23
2010 $0.00 $1.23 $1.23 $0.00 $0.00 $1.23
2009 $0.00 $1.23 $1.23 $0.00 $0.00 $1.23
2008 $0.13 $1.70 $1.83 $0.00 $0.00 $1.83
2007 $0.00 $1.69 $1.69 $0.00 $0.00 $1.69
2006 $0.00 $1.47 $1.47 $0.00 $0.00 $1.47
2005 $0.00 $1.31 $1.31 $0.00 $0.00 $1.31
Distributions (%)
2015 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2014 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2013 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2012 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2011 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2010 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2009 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2008 7.00% 93.00% 100.00% 0.00% 0.00% 100.00%
2007 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2006 0.00% 100.00% 100.00% 0.00% 0.00% 100.00%
2005 0.00% 100.00% 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 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 Holdings (%)3,4as of Jul 31, 2016

Holding % of Net Assets
Alphabet Inc - CL C 4.33%
Wells Fargo & Co 2.70%
Facebook Inc 2.62%
Visa Inc 2.61%
Royal Dutch Shell PLC 2.49%
Time Warner Inc 2.44%
Nippon Telegraph & Telephone Corp 2.42%
Lowe's Cos Inc 2.37%
Shire PLC 2.37%
Union Pacific Corp 2.35%
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 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.


Insights & Analysis

Commentary

No commentary information is currently available.

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.

Attribution

No attribution information is currently available.


Management

Biography
Christopher M. Dyer, CFA

Christopher M. Dyer, CFA

Vice President, Director of Global Equity, Eaton Vance Management (International) Limited
Joined Eaton Vance 2015

Christopher Dyer is a vice president of Eaton Vance Management (International) Limited and director of global equity. He is responsible for building and leading a global equity investment team, and managing global and international equity portfolios. He joined Eaton Vance in 2015.

Chris began his career in the financial services industry in 2001. Before joining Eaton Vance, he was managing director and head of European equity for Goldman Sachs Asset Management (GSAM), where he was affiliated since 2001.

Chris earned a B.S., cum laude, from Georgetown University and an MBA from The Wharton School, University of Pennsylvania. He is a CFA charterholder.

Education
  • B.S. Georgetown University
  • M.B.A. The Wharton School, University of Pennsylvania
Experience
  • Managed Fund since 2015
Biography
Michael A. Allison, CFA

Michael A. Allison, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2000

Michael Allison is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s global core team. He is responsible for buy and sell decisions, portfolio construction and risk management for a number of the firm’s global core equity strategies. He is a member of the firm’s Equity Strategy Committee. He joined Eaton Vance in 2000.

Mike began his career in the investment management industry in 1988. Before joining Eaton Vance, Mike was an equity analyst for Schroder Investment Management North America Inc. He was also affiliated with Fleet Investment Advisors and Phoenix Home Life Mutual Fund Insurance Co.

Mike earned a B.S.B.A. from the University of Denver. He is a member of the Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.S.B.A., The University of Denver
Experience
  • Managed Fund since 2013
Biography
John H. Croft, CFA

John H. Croft, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2004

John Croft is a vice president of Eaton Vance Management, director of credit research and portfolio manager on Eaton Vance’s investment-grade fixed-income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s investment-grade fixed-income strategies. He also leads the liability-driven investment (LDI) solutions effort. He joined Eaton Vance in 2004.

John began his career in the investment management industry in 1986. Before joining Eaton Vance, he was a credit analyst with Fidelity Management & Research Co.

John earned a B.A. from Colgate University and an MBA from the University of Chicago Graduate School of Business. He is a CFA charterholder.

Education
  • B.A. Colgate University
  • M.B.A. Booth School of Business, University of Chicago
Experience
  • Managed Fund since 2010

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2016

Commentary

Download - Last updated: Jun 30, 2016

Annual Report

Download - Last updated: Oct 31, 2015

Equity Dividend Income Closed-End Fund Guide

Download - Last updated: Jun 30, 2016

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

Download

Reinvesting Closed-End Fund Distributions

Download - Last updated: Sep 30, 2015

Return of Capital Distributions Demystified

Download - Last updated: Sep 30, 2015

Auction Preferred Shares Market Update

Download - Last updated: Feb 26, 2016

Closed-End Fund Earnings Undistributed Net Income Information

Download - Last updated: Sep 30, 2015

Morningstar ETG Fact Sheet

Download

Eaton Vance Announces Upcoming Retirement of Walter A. Row III

Download - Last updated: Jun 30, 2015

Eaton Vance Announces Upcoming Retirement of Judith A. Saryan, CFA, and Changes to Eaton Vance Dividend Fund Portfolio Teams

Download - Last updated: Nov 21, 2013

Eaton Vance Closed-End Funds Adopt Share Repurchase Programs

Download - Last updated: Nov 15, 2013

EVT-ETG-ETO Announce Change in Investment Policies

Download - Last updated: Aug 7, 2012

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

Download - Last updated: Sep 1, 2016

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

Download - Last updated: Aug 1, 2016

Closed-End Fund Earnings Undistributed Net Income Information

Download - Last updated: Jul 31, 2016

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

Download - Last updated: Jul 1, 2016

Closed-End Fund Earnings Undistributed Net Income Information

Download - Last updated: Jun 30, 2016

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

Download - Last updated: Jun 1, 2016

Closed-End Fund Earnings Undistributed Net Income Information

Download - Last updated: May 31, 2016

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

Download - Last updated: May 2, 2016

Closed-End Fund Earnings Undistributed Net Income Information

Download - Last updated: Apr 30, 2016

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

Download - Last updated: Apr 1, 2016

Closed-End Fund Earnings Undistributed Net Income Information

Download - Last updated: Mar 31, 2016

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

Download - Last updated: Mar 1, 2016

Closed-End Fund Earnings Undistributed Net Income Information

Download - Last updated: Feb 29, 2016

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

Download - Last updated: Feb 1, 2016

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

Download - Last updated: Jan 4, 2016

Closed-End Fund Earnings Undistributed Net Income Information

Download - Last updated: Dec 31, 2015

Eaton Vance Global Dividend Closed-End Funds Announce Appointment of Sub-Adviser

Download - Last updated: Dec 4, 2015

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

Download - Last updated: Dec 1, 2015

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

Download - Last updated: Nov 2, 2015

Eaton Vance Tax-Advantaged Dividend Income Funds Announce Changes In Investment Policies

Download - Last updated: Oct 23, 2015

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

Download - Last updated: Oct 1, 2015

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

Download - Last updated: Sep 1, 2015

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

Download - Last updated: Aug 3, 2015

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

Download - Last updated: Jul 1, 2015

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

Download - Last updated: Jun 1, 2015

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

Download - Last updated: May 1, 2015

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

Download - Last updated: Apr 1, 2015

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

Download - Last updated: Mar 13, 2015

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

Download - Last updated: Feb 10, 2015

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

Download - Last updated: Jan 13, 2015

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

Download - Last updated: Dec 12, 2014

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

Download - Last updated: Nov 11, 2014

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

Download - Last updated: Oct 14, 2014

Section 16 Filings - www.sec.gov

Download - Last updated: Jun 30, 2011

Semi-Annual Report

Download - Last updated: Apr 30, 2016