Eaton Vance Funds

Eaton Vance offers an array of mutual funds that invest across equity, income and alternative strategies.

Morgan Stanley Investment Management Mutual Funds

Active strategies that offer broad-based specialization and leverage Morgan Stanley’s global resources.

Calvert Funds

Calvert is a global leader in ESG-focused investing, offering one of the largest and most diversified families of responsibly invested mutual funds.

Parametric Funds

Parametric uses a scientific approach to build customized portfolios with targeted exposures that focus on controlling costs and taxes.

Separately Managed Accounts

Eaton Vance and its brands deliver highly customized SMA strategies to address the unique challenges of high-net-worth investors.

Closed-End Funds and Term Trusts

Our closed-end funds play a key role in a balanced portfolio by providing the potential for enhanced income and capital appreciation.

Eaton Vance, Morgan Stanley Investment Management, Parametric and Calvert win 19 Lipper Fund Awards across asset classes, geographies and time periods.

Tools for tax-forward investing

Tax-Equivalent Yield Calculator

Compare yields of in-state muni bonds with out-of-state munis and taxable bonds on a tax-equivalent basis.

Concentrated Stock Calculator

See how diversifying your portfolio on a tax-deferred basis may be a better option than a taxable sale.


About NextShares

Shares of NextShares funds are normally bought and sold in the secondary market through a broker, and may not be individually purchased or redeemed from the fund. In the secondary market, buyers and sellers transact with each other, rather than with the fund. NextShares funds issue and redeem shares only in specified creation unit quantities in transactions by or through Authorized Participants. In such transactions, a fund issues and redeems shares in exchange for the basket of securities, other instruments and/or cash that the fund specifies each business day. By transacting in kind, a NextShares fund can lower its trading costs and enhance fund tax efficiency by avoiding forced sales of securities to meet redemptions. Redemptions may be effected partially or entirely in cash when in-kind delivery is not practicable or deemed not in the best interests of shareholders. A fund’s basket is not intended to be representative of the fund’s current portfolio positions and may vary significantly from current positions. As exchange-traded securities, NextShares can operate with low transfer agency expenses by utilizing the same highly efficient share processing system as used for exchange-listed stocks and ETFs.

Market trading prices of NextShares are linked to the fund’s next-computed net asset value (NAV) and will vary from NAV by a market-determined premium or discount, which may be zero. Buyers and sellers of NextShares will not know the value of their purchases and sales until after the fund’s NAV is determined at the end of the trading day. Market trading prices may vary significantly from anticipated levels. NextShares do not offer investors the opportunity to buy and sell intraday based on current (versus end-of-day) determinations of fund value. NextShares trade execution prices will fluctuate based on changes in NAV. Although limit orders may be used to control trading costs, they cannot be used to control or limit trade execution prices. As a new type of fund, NextShares have a limited operating history and may initially be available through a limited number of brokers. There can be no guarantee that an active trading market for NextShares will develop or be maintained, or that their listing will continue unchanged. Buying and selling NextShares may require payment of brokerage commissions and expose transacting shareholders to other trading costs. Frequent trading may detract from realized investment returns. The return on a shareholder’s NextShares investment will be reduced if the shareholder sells shares at a greater discount or narrower premium to NAV than he or she acquired the shares.

Before investing in NextShares, investors should consider carefully its investment objectives, risks, charges and expenses. This and other important information is contained in the prospectus and summary prospectus, which can be obtained from a financial advisor. Prospective investors should read the prospectus carefully before investing.

NextShares® is a registered trademark of NextShares Solutions LLC. All rights reserved.

The information on this Web page is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase, securities in any jurisdiction to any person to whom it is not lawful to make such an offer.

Eaton Vance NextShares are distributed by Foreside Fund Services, LLC