Overview

Strong Morningstar Ratings as of 06/30/20154

Average Annual Returns (%)as of Jun 30, 2015

1 Month 3 Months YTD 1 Year 3 Years 5 Years Life of Fund
08/31/2015
Fund at NAV 0.26 1.06 1.05 3.92 4.47 6.63 7.53
Fund w/Max Sales Charge -4.47 -3.72 -3.78 -1.05 2.79 5.61 6.59
Barclays 10 Year Municipal Bond Index5 0.30 0.83 1.17 2.47 2.97 4.08 5.08
Barclays Municipal Managed Money Long (10+) Year Bond Index6 0.35 1.27 0.86 3.19 3.59 4.99 5.85
06/30/2015
Fund at NAV -0.24 -1.81 -0.26 5.00 5.01 7.47 7.52
Fund w/Max Sales Charge -4.97 -6.45 -5.02 0.05 3.31 6.43 6.55
Barclays 10 Year Municipal Bond Index5 -0.22 -1.14 0.11 2.97 3.10 4.78 5.04
Barclays Municipal Managed Money Long (10+) Year Bond Index6 -0.33 -1.77 -0.73 4.01 3.96 5.61 5.73
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. 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, 2015

Class A Inception 02/01/2010
Investment Objective Current tax-exempt income
Total Net Assets $67.2M
Minimum Investment $1000
Expense Ratio (Gross)7 1.20%
Expense Ratio (Net)7,8 0.65%
CUSIP 27826M759

Top 10 Holdings (%)9,10as of Jun 30, 2015

City of Lakeland FL
State of Illinois
Bucks County Water & Sewer Authority
KIPP Inc
Energy Northwest
City of Lakeland FL
State of Arkansas
Riverside County Public Financing Authority
Clackamas County School District No 115
New Jersey Transportation Trust Fund Authority
Total 20.91


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.

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

Average Annual Returns (%)as of Jun 30, 2015

1 Month 3 Months YTD 1 Year 3 Years 5 Years Life of Fund
07/31/2015
Fund at NAV 1.04 0.16 0.78 5.69 4.41 7.31 7.60
Fund w/Max Sales Charge -3.76 -4.62 -4.03 0.63 2.74 6.27 6.65
Barclays 10 Year Municipal Bond Index5 0.75 0.21 0.86 3.46 2.84 4.59 5.10
Barclays Municipal Managed Money Long (10+) Year Bond Index6 1.24 0.63 0.50 4.96 3.53 5.59 5.87
Morningstar™ Muni National Long Category11 0.63 0.03 0.49 3.79 2.73 4.58
06/30/2015
Fund at NAV -0.24 -1.81 -0.26 5.00 5.01 7.47 7.52
Fund w/Max Sales Charge -4.97 -6.45 -5.02 0.05 3.31 6.43 6.55
Barclays 10 Year Municipal Bond Index5 -0.22 -1.14 0.11 2.97 3.10 4.78 5.04
Barclays Municipal Managed Money Long (10+) Year Bond Index6 -0.33 -1.77 -0.73 4.01 3.96 5.61 5.73
Morningstar™ Muni National Long Category11 -0.25 -1.16 -0.12 3.31 3.17 4.70
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. 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 (%)

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Fund at NAV 17.19 10.74 -3.62 14.95
Barclays 10 Year Municipal Bond Index5 2.74 4.71 4.29 1.52 9.85 4.05 12.32 5.70 -2.17 8.72
Barclays Municipal Managed Money Long (10+) Year Bond Index6 4.74 5.95 2.70 -3.66 14.47 0.60 14.46 9.53 -4.97 14.00

Fund Facts

Expense Ratio (Gross)7 1.20%
Expense Ratio (Net)7,8 0.65%
Class A Inception 02/01/2010
Distribution Frequency Monthly

Yield Information12as of Aug 31, 2015

Distribution Rate at NAV 2.10%
Subsidized SEC 30-day Yield 1.94%
Unsubsidized SEC 30-day Yield 1.81%


Morningstar™ Ratingsas of Jul 31, 2015

Time Period Rating Rating (Load Waived) Funds in
Muni National Long
Category
Overall *** ***** 190
3 Years ** **** 190
5 Years **** ***** 179
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.

© 2015 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 03, 2015 $11.72 $0.00
Sep 02, 2015 $11.72 $0.00
Sep 01, 2015 $11.72 $-0.01
Aug 31, 2015 $11.73 $0.00
Aug 28, 2015 $11.73 $0.01
Aug 27, 2015 $11.72 $-0.01
Aug 26, 2015 $11.73 $-0.02
Aug 25, 2015 $11.75 $-0.04
Aug 24, 2015 $11.79 $0.03
Aug 21, 2015 $11.76 $0.02

Distribution History13

Ex-Date Distribution Reinvest NAV
Aug 31, 2015 $0.02088 $11.73
Jul 31, 2015 $0.02109 $11.72
Jun 30, 2015 $0.02156 $11.62
May 29, 2015 $0.01616 $11.67
Apr 30, 2015 $0.01723 $11.76
Mar 31, 2015 $0.02122 $11.89
Feb 27, 2015 $0.02129 $11.83
Jan 30, 2015 $0.02376 $12.08
Dec 31, 2014 $0.02457 $11.77
Nov 28, 2014 $0.02489 $11.67
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 History13

Ex-Date Short-Term Long-Term Reinvest NAV
Aug 01, 2013 $0.19860 $0.15440 $10.33
Dec 13, 2012 $0.69240 $0.03990 $11.64
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.

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 (%)10as of Jun 30, 2015

Municipal Bonds 95.20
US Treasury 0.00
US Agencies 0.00
Cash 4.80
Total 100.00

Portfolio Statisticsas of Jun 30, 2015

Number of Holdings 112
Average Coupon 4.58%
Average Maturity 11.32 yrs.
Average Effective Maturity 8.42 yrs.
Average Duration 7.00 yrs.
Average Price $110.09
% Prerefunded (% of Bond Holdings) 0.05%


Sector Breakdown (%)10as of Jun 30, 2015

General Obligations 20.84
Other Revenue 18.69
Appropriation 10.99
Other Transportation 9.59
Insured 8.44
Hospital 8.15
Electric Utilities 6.32
Dedicated Tax 3.14
Water and Sewer 2.95
Education 2.64
View All

Credit Quality (%)14as of Jun 30, 2015

AAA 7.44
AA 59.53
A 29.05
BBB 3.98
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 (%)10as of Jun 30, 2015

Less Than 1 Year 0.00
1 To 3 Years 0.05
3 To 5 Years 1.00
5 To 10 Years 39.01
10 To 20 Years 55.10
20 To 30 Years 4.83
More Than 30 Years 0.00
Total 100.00


Fund Holdings10,15as of Jul 31, 2015

Holding Coupon Rate Maturity Date % of Net Assets
US DOLLARS 8.32%
City of Lakeland FL 5.00% 10/01/2028 2.68%
State of Illinois 5.00% 02/01/2026 2.01%
Bucks County Water & Sewer Authority 5.00% 06/01/2021 1.95%
KIPP Inc 5.00% 08/15/2020 1.94%
Energy Northwest 5.00% 07/01/2026 1.84%
City of Lakeland FL 5.00% 10/01/2030 1.77%
Riverside County Public Financing Authority 5.00% 11/01/2028 1.69%
Clackamas County School District No 115 0.00% 06/15/2027 1.67%
New Jersey Transportation Trust Fund Authority 5.00% 06/15/2029 1.63%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

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

Quarterly Commentary

A Word On The Markets  as of Jun 30, 2015

The U.S. municipal bond market suffered its first quarterly loss since 2013 during the second quarter of 2015, as measured by the -0.89% return of the Barclays Municipal Bond Index (the Index).16

Municipal bonds lost ground in April (-0.52%), as their yields rose sharply toward the end of the month. An upward movement in Treasury bond yields – triggered by strengthening U.S. economic data – was the primary factor pulling muni yields higher. Reduced demand for munis also played a role as some market participants sold tax-exempt securities to help pay annual income taxes due April 15. At the same time, the supply of munis expanded, led by increased refundings as issuers sought to take advantage of historically low rates ahead a potential interest rate hike. The muni market continued to struggle in May (-0.44%), as rising European sovereign yields, mixed economic data and shifting signals from the Federal Reserve (Fed) about interest rate policy led to heightened uncertainty and market volatility.

The monthly supply of munis remained elevated and demand continued to wane, dampened in part by credit concerns, including Moody’s downgrade of Chicago debt to below-investment grade. Munis were essentially flat in June (-0.09%). On the plus side, supply pressures eased somewhat as refundings slowed. But demand continued to be tempered by ongoing interest rate concerns and the late-month announcement by Puerto Rico’s governor that the island couldn’t pay its debt.

During the second quarter overall, municipal yields rose across the entire curve. Yields on longer-term bonds rose more significantly than yields on shorter-term securities, resulting in a steepening of the yield curve and the underperformance of long-dated munis. On a total return basis, investment-grade munis outperformed their below-investment-grade counterparts as a result of a late quarter sell-off in Puerto Rico credits.

Performance Summary 

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

  • Relative contributors to the Fund’s performance largely reflected its conversion from the Eaton Vance Tax-Advantaged Bond Strategies (TABS) Long-Term Fund on April 15, 2015. Specifically, the Fund’s duration positioning and call structure detracted from the Fund’s results compared with the Index.
  • The Fund’s yield curve positioning17, meaning how investments were allocated among securities with various maturities, also negatively impacted performance relative to the Index.
  • In contrast, the Fund’s credit quality exposure was a positive for performance compared to the Index, particularly its cash holdings.

Average Annual Returns (%)as of Jun 30, 2015

1 Month 3 Months YTD 1 Year 3 Years 5 Years Life of Fund
Fund at NAV -0.24 -1.81 -0.26 5.00 5.01 7.47 7.52
Fund w/Max Sales Charge -4.97 -6.45 -5.02 0.05 3.31 6.43 6.55
Barclays 10 Year Municipal Bond Index5 -0.22 -1.14 0.11 2.97 3.10 4.78 5.04
Barclays Municipal Managed Money Long (10+) Year Bond Index6 -0.33 -1.77 -0.73 4.01 3.96 5.61 5.73
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. 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, 2015

Class A Inception 02/01/2010
Expense Ratio (Gross)7 1.20%
Expense Ratio (Net)7,8 0.65%


Contributors 

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

  • The Fund held a higher-than-normal amount of cash throughout the quarter, resulting from its recent conversion to a laddered structure. These cash holdings helped boost the Fund’s credit rating profile compared with the Index. This proved advantageous as lower-quality securities lagged the municipal market during the quarter.

Detractors 

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

  • The Fund’s duration was roughly 1.6 years longer than the Index during the quarter. Given that municipal bond rates rose during quarter, the Fund’s longer duration was a drag on relative performance. The Fund’s longer duration resulted primarily from many of its holdings being priced by the market to their 10-year call dates.
  • Similarly, the Fund’s call structure worked against it. Here, the Fund had materially less exposure to bonds with short-term calls (1 to 5 years), and a similar overweighting in bonds with relatively long call dates (9 to 14 years). This positioning hindered relative performance because bonds with short-term calls outpaced those with longer-term calls.
  • The Fund’s yield curve positioning was a modest detractor. The Fund’s exposure to bonds with maturities in the 5 to 8 year range worked to its advantage as those bonds outpaced longer-term securities. That said, the Fund’s exposure to bonds with maturities between 13 and 15 years hindered results, as they underperformed shorter-maturity securities.

Investment Outlook And Fund Positioning 

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. Demand for munis could be further strengthened to the extent investors seek out the after-tax yield advantage munis offered at the end of the quarter. We believe that lower supply and potentially stronger demand could provide a positive backdrop for the muni market in the second half of 2015.

However, additional concerns about issuers with large unfunded pension liabilities and the increasing likelihood of a potential restructuring in Puerto Rico could lead to periods of market volatility. In addition, the broader fixed-income market may experience interest rate volatility due to expectations that the Fed may increase the fed funds rate during the second half of 2015.

With that being said, we believe that opportunities may arise in muni market volatility. Credit research will remain paramount, and we believe an experienced, skilled investment manager can help navigate the muni market during times of volatility.18

Credit Quality (%)14as of Jun 30, 2015

AAA 7.44
AA 59.53
A 29.05
BBB 3.98
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.

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.

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

Fund Literature

Fund Literature

Annual Report

Commentary

Fact Sheet

Full Prospectus

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

Eaton Vance municipal funds holdings in Puerto Rico debt

SAI

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Interested in a Leading Lineup of Municipal Bond Funds?

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Summary Prospectus

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    The information contained in this section of the website is designed solely for professional clients. If you are not a professional client you should not proceed any further. The content should not be looked at or distributed to retail clients.

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    The value of investment funds and the income therefrom may go down as well as up and you may not get back the original amount invested. Your capital could be at risk. You are not certain to make money from your investments and you may lose money. Exchange rates may cause the value of overseas investments and the income therefrom to rise and fall.

    Information in this section may contain statements that are not historical facts, referred to as forward-looking statements. A Fund’s future results may differ significantly from those stated in forward-looking statements, 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 advisory, administrative and service contracts, and other risks.

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