Mortgage Pass-Throughs 77.6% | ||||||||||
Principal |
||||||||||
Amount |
||||||||||
Security | (000s omitted) | Value | ||||||||
Federal Home Loan Mortgage Corp.:
|
||||||||||
2.929%, with maturity at
2035(1)
|
$ | 11,205 | $ | 11,742,702 | ||||||
3.088%, with maturity at
2034(1)
|
2,443 | 2,583,302 | ||||||||
5.00%, with various maturities to 2018
|
5,879 | 6,329,783 | ||||||||
5.50%, with various maturities to 2032
|
10,877 | 11,749,364 | ||||||||
6.00%, with various maturities to 2035
|
27,362 | 30,715,950 | ||||||||
6.50%, with various maturities to 2035
|
59,277 | 67,697,537 | ||||||||
6.87%, with maturity at 2024
|
225 | 260,674 | ||||||||
7.00%, with various maturities to 2035
|
27,866 | 32,104,846 | ||||||||
7.09%, with maturity at 2023
|
794 | 924,064 | ||||||||
7.25%, with maturity at 2022
|
1,183 | 1,370,124 | ||||||||
7.31%, with maturity at 2027
|
320 | 381,408 | ||||||||
7.50%, with various maturities to 2035
|
28,760 | 34,068,838 | ||||||||
7.63%, with maturity at 2019
|
438 | 498,059 | ||||||||
7.75%, with maturity at 2018
|
22 | 24,427 | ||||||||
7.78%, with maturity at 2022
|
154 | 182,097 | ||||||||
7.85%, with maturity at 2020
|
290 | 335,838 | ||||||||
8.00%, with various maturities to 2028
|
10,097 | 11,573,524 | ||||||||
8.13%, with maturity at 2019
|
559 | 620,564 | ||||||||
8.15%, with various maturities to 2021
|
238 | 274,522 | ||||||||
8.25%, with maturity at 2017
|
46 | 52,645 | ||||||||
8.50%, with various maturities to 2031
|
6,453 | 7,705,073 | ||||||||
8.75%, with maturity at 2016
|
10 | 10,301 | ||||||||
9.00%, with various maturities to 2027
|
6,775 | 7,739,185 | ||||||||
9.25%, with maturity at 2017
|
49 | 54,452 | ||||||||
9.50%, with various maturities to 2026
|
2,067 | 2,439,138 | ||||||||
9.75%, with maturity at 2018
|
1 | 1,109 | ||||||||
10.50%, with maturity at 2020
|
651 | 766,592 | ||||||||
11.00%, with maturity at 2015
|
21 | 23,366 | ||||||||
$ | 232,229,484 | |||||||||
Federal National Mortgage Association:
|
||||||||||
2.566%, with various maturities to
2026(1)
|
$ | 3,032 | $ | 3,128,570 | ||||||
2.588%, with various maturities to
2033(1)
|
4,024 | 4,176,948 | ||||||||
2.60%, with various maturities to
2035(1)
|
30,622 | 31,938,246 | ||||||||
2.617%, with maturity at
2022(1)
|
2,025 | 2,078,133 | ||||||||
2.631%, with maturity at
2035(1)
|
1,861 | 1,929,622 | ||||||||
2.654%, with maturity at
2031(1)
|
3,297 | 3,388,898 | ||||||||
2.819%, with maturity at
2037(1)
|
6,028 | 6,320,355 | ||||||||
2.969%, with maturity at
2040(1)
|
1,877 | 1,958,752 | ||||||||
3.052%, with maturity at
2036(1)
|
1,934 | 1,996,286 | ||||||||
3.466%, with maturity at
2036(1)
|
2,292 | 2,357,567 | ||||||||
3.659%, with maturity at
2034(1)
|
7,631 | 8,245,344 | ||||||||
3.831%, with maturity at
2035(1)
|
9,106 | 9,868,861 | ||||||||
3.918%, with maturity at
2034(1)
|
7,274 | 7,885,633 | ||||||||
3.922%, with maturity at
2036(1)
|
654 | 681,194 | ||||||||
3.944%, with maturity at
2021(1)
|
1,805 | 1,871,318 | ||||||||
4.00%, with maturity at 2014
|
231 | 242,768 | ||||||||
4.319%, with maturity at
2036(1)
|
28,510 | 31,098,239 | ||||||||
4.494%, with maturity at
2035(1)
|
9,154 | 9,984,538 | ||||||||
4.50%, with various maturities to 2018
|
24,271 | 25,856,765 | ||||||||
4.818%, with maturity at
2034(1)
|
25,174 | 27,459,543 | ||||||||
5.00%, with various maturities to 2027
|
12,799 | 13,741,825 | ||||||||
5.50%, with various maturities to 2030
|
29,225 | 31,676,809 | ||||||||
6.00%, with various maturities to 2033
|
14,564 | 16,262,728 | ||||||||
6.478%, with maturity at
2025(2)
|
292 | 325,562 | ||||||||
6.50%, with various maturities to 2036
|
138,092 | 157,301,284 | ||||||||
7.00%, with various maturities to 2036
|
76,225 | 88,473,247 | ||||||||
7.25%, with maturity at 2023
|
26 | 27,947 | ||||||||
7.50%, with various maturities to 2032
|
10,566 | 12,446,340 | ||||||||
7.875%, with maturity at 2021
|
809 | 957,340 | ||||||||
7.881%, with maturity at
2030(2)
|
28 | 31,968 | ||||||||
8.00%, with various maturities to 2032
|
14,206 | 16,618,669 | ||||||||
8.25%, with maturity at 2025
|
313 | 374,603 | ||||||||
8.33%, with maturity at 2020
|
721 | 827,902 | ||||||||
8.50%, with various maturities to 2032
|
8,045 | 9,767,523 | ||||||||
8.506%, with maturity at
2021(2)
|
108 | 128,811 | ||||||||
9.00%, with various maturities to 2030
|
966 | 1,144,810 | ||||||||
9.50%, with various maturities to 2030
|
2,220 | 2,654,688 | ||||||||
9.626%, with maturity at
2025(2)
|
31 | 37,112 | ||||||||
9.75%, with maturity at 2019
|
14 | 15,988 | ||||||||
9.797%, with maturity at
2021(2)
|
91 | 105,492 | ||||||||
9.852%, with maturity at
2020(2)
|
48 | 54,480 | ||||||||
9.923%, with maturity at
2021(2)
|
69 | 83,655 | ||||||||
9.986%, with maturity at
2023(2)
|
68 | 80,093 | ||||||||
10.102%, with maturity at
2021(2)
|
50 | 59,470 | ||||||||
10.339%, with maturity at
2025(2)
|
35 | 39,693 | ||||||||
10.826%, with maturity at
2025(2)
|
17 | 19,355 | ||||||||
11.00%, with maturity at 2020
|
566 | 638,514 | ||||||||
11.379%, with maturity at
2019(2)
|
70 | 76,875 | ||||||||
11.879%, with maturity at
2018(2)
|
54 | 58,828 | ||||||||
12.147%, with maturity at
2021(2)
|
20 | 21,144 | ||||||||
12.708%, with maturity at
2015(2)
|
68 | 76,068 | ||||||||
$ | 536,596,403 | |||||||||
Government National Mortgage Association:
|
||||||||||
2.125%, with various maturities to
2027(1)
|
$ | 683 | $ | 708,518 | ||||||
6.10%, with maturity at 2033
|
11,638 | 13,351,123 | ||||||||
6.50%, with various maturities to 2036
|
8,586 | 9,940,569 | ||||||||
7.00%, with various maturities to 2034
|
35,116 | 41,005,998 | ||||||||
7.25%, with maturity at 2022
|
28 | 32,458 |
Principal |
||||||||||
Amount |
||||||||||
Security | (000s omitted) | Value | ||||||||
Government National Mortgage Association: (continued)
|
||||||||||
7.50%, with various maturities to 2025
|
$ | 6,530 | $ | 7,600,815 | ||||||
8.00%, with various maturities to 2027
|
10,058 | 11,819,932 | ||||||||
8.25%, with maturity at 2019
|
141 | 163,250 | ||||||||
8.30%, with maturity at 2020
|
41 | 48,103 | ||||||||
8.50%, with various maturities to 2018
|
1,536 | 1,739,377 | ||||||||
9.00%, with various maturities to 2027
|
6,604 | 8,262,533 | ||||||||
9.50%, with various maturities to 2026
|
4,197 | 5,183,900 | ||||||||
$ | 99,856,576 | |||||||||
Total Mortgage Pass-Throughs
|
||||||||||
(identified cost $824,359,269)
|
$ | 868,682,463 | ||||||||
Collateralized Mortgage Obligations 4.9% | ||||||||||
Principal |
||||||||||
Amount |
||||||||||
Security | (000s omitted) | Value | ||||||||
Federal Home Loan Mortgage Corp.:
|
||||||||||
Series 30, Class I, 7.50%, 4/25/24
|
$ | 243 | $ | 258,306 | ||||||
Series 1822, Class Z, 6.90%, 3/15/26
|
1,351 | 1,436,777 | ||||||||
Series 1829, Class ZB, 6.50%, 3/15/26
|
631 | 686,114 | ||||||||
Series 1896, Class Z, 6.00%, 9/15/26
|
711 | 748,394 | ||||||||
Series 2075, Class PH, 6.50%, 8/15/28
|
352 | 392,620 | ||||||||
Series 2091, Class ZC, 6.00%, 11/15/28
|
1,459 | 1,594,215 | ||||||||
Series 2102, Class Z, 6.00%, 12/15/28
|
362 | 394,378 | ||||||||
Series 2115, Class K, 6.00%, 1/15/29
|
2,261 | 2,429,556 | ||||||||
Series 2142, Class Z, 6.50%, 4/15/29
|
759 | 826,414 | ||||||||
Series 2245, Class A, 8.00%, 8/15/27
|
9,161 | 10,456,071 | ||||||||
$ | 19,222,845 | |||||||||
Federal National Mortgage Association:
|
||||||||||
Series G-8,
Class E, 9.00%, 4/25/21
|
$ | 323 | $ | 378,760 | ||||||
Series G92-44,
Class ZQ, 8.00%, 7/25/22
|
325 | 361,616 | ||||||||
Series G93-36,
Class ZQ, 6.50%, 12/25/23
|
12,275 | 13,830,118 | ||||||||
Series 1993-16,
Class Z, 7.50%, 2/25/23
|
439 | 508,919 | ||||||||
Series 1993-39,
Class Z, 7.50%, 4/25/23
|
1,152 | 1,336,621 | ||||||||
Series 1993-45,
Class Z, 7.00%, 4/25/23
|
1,384 | 1,570,662 | ||||||||
Series 1993-149,
Class M, 7.00%, 8/25/23
|
517 | 585,985 | ||||||||
Series 1993-178,
Class PK, 6.50%, 9/25/23
|
1,057 | 1,185,128 | ||||||||
Series 1993-250,
Class Z, 7.00%, 12/25/23
|
243 | 257,591 | ||||||||
Series 1994-40,
Class Z, 6.50%, 3/25/24
|
1,078 | 1,209,110 | ||||||||
Series 1994-42,
Class K, 6.50%, 4/25/24
|
4,791 | 5,400,718 | ||||||||
Series 1994-82,
Class Z, 8.00%, 5/25/24
|
1,754 | 2,050,687 | ||||||||
Series 1997-81,
Class PD, 6.35%, 12/18/27
|
676 | 760,800 | ||||||||
Series 2000-49,
Class A, 8.00%, 3/18/27
|
961 | 1,147,944 | ||||||||
Series 2001-81,
Class HE, 6.50%, 1/25/32
|
2,721 | 3,072,760 | ||||||||
Series 2002-1,
Class G, 7.00%, 7/25/23
|
697 | 790,359 | ||||||||
$ | 34,447,778 | |||||||||
Government National Mortgage Association:
|
||||||||||
Series 1998-19,
Class ZB, 6.50%, 7/20/28
|
$ | 600 | $ | 679,333 | ||||||
Total Collateralized Mortgage
Obligations
|
||||||||||
(identified cost $50,493,217)
|
$ | 54,349,956 | ||||||||
U.S. Government Agency Obligations 14.3% | ||||||||||
Principal |
||||||||||
Amount |
||||||||||
Security | (000s omitted) | Value | ||||||||
Federal Farm Credit Bank:
|
||||||||||
5.75%, 12/7/28
|
$ | 5,000 | $ | 6,375,245 | ||||||
5.77%, 1/5/27
|
5,000 | 6,318,455 | ||||||||
$ | 12,693,700 | |||||||||
Federal Home Loan Bank:
|
||||||||||
4.125%, 12/13/19
|
$ | 5,000 | $ | 5,683,535 | ||||||
4.125%, 3/13/20
|
26,460 | 29,771,496 | ||||||||
4.75%, 3/10/23
|
4,500 | 5,281,218 | ||||||||
5.365%, 9/9/24
|
6,445 | 7,963,255 | ||||||||
5.375%, 8/15/24
|
14,700 | 18,058,039 | ||||||||
5.625%, 6/11/21
|
17,000 | 21,218,176 | ||||||||
5.75%, 6/12/26
|
2,720 | 3,466,757 | ||||||||
$ | 91,442,476 | |||||||||
United States Agency for International
Development Israel:
|
||||||||||
0.00%, 5/1/20
|
$ | 2,200 | $ | 1,774,379 | ||||||
5.50%, 9/18/23
|
26,850 | 34,070,824 | ||||||||
5.50%, 4/26/24
|
16,015 | 20,351,013 | ||||||||
$ | 56,196,216 | |||||||||
Total U.S. Government Agency
Obligations
|
||||||||||
(identified cost $141,418,357)
|
$ | 160,332,392 | ||||||||
U.S. Treasury Obligations 4.0% | ||||||||||
Principal |
||||||||||
Amount |
||||||||||
Security | (000s omitted) | Value | ||||||||
U.S. Treasury Bond, 1.00%, 7/15/13
|
$ | 35,000 | $ | 35,462,245 | ||||||
U.S. Treasury Bond,
7.125%, 2/15/23(3)
|
6,000 | 8,880,936 | ||||||||
Total U.S. Treasury Obligations
|
||||||||||
(identified cost $41,252,116)
|
$ | 44,343,181 | ||||||||
Short-Term Investments 3.0% | ||||||||||
Interest |
||||||||||
Description | (000s omitted) | Value | ||||||||
Eaton Vance Cash Reserves Fund, LLC,
0.12%(4)
|
$ | 33,807 | $ | 33,807,391 | ||||||
Total Short-Term Investments
|
||||||||||
(identified cost $33,807,391)
|
$ | 33,807,391 | ||||||||
Total Investments 103.8%
|
||||||||||
(identified
cost $1,091,330,350)
|
$ | 1,161,515,383 | ||||||||
Other Assets, Less
Liabilities (3.8)%
|
$ | (42,006,984 | ) | |||||||
Net Assets 100.0%
|
$ | 1,119,508,399 | ||||||||
(1) | Adjustable rate mortgage security. Rate shown is the rate at October 31, 2011. | |
(2) | Weighted average fixed-rate coupon that changes/updates monthly. | |
(3) | Security (or a portion thereof) has been pledged to cover margin requirements on open financial futures contracts. | |
(4) | Affiliated investment company available to Eaton Vance portfolios and funds which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of October 31, 2011. |
Assets | October 31, 2011 | |||||
Unaffiliated investments, at value (identified cost,
$1,057,522,959)
|
$ | 1,127,707,992 | ||||
Affiliated investment, at value (identified cost, $33,807,391)
|
33,807,391 | |||||
Interest receivable
|
5,619,564 | |||||
Interest receivable from affiliated investment
|
2,742 | |||||
Receivable for investments sold
|
918,919 | |||||
Total assets
|
$ | 1,168,056,608 | ||||
Liabilities | ||||||
Payable for investments purchased
|
$ | 46,681,077 | ||||
Payable for variation margin on open financial futures contracts
|
1,088,291 | |||||
Payable to affiliates:
|
||||||
Investment adviser fee
|
658,308 | |||||
Trustees fees
|
2,707 | |||||
Accrued expenses
|
117,826 | |||||
Total liabilities
|
$ | 48,548,209 | ||||
Net Assets applicable to investors interest in
Portfolio
|
$ | 1,119,508,399 | ||||
Sources of Net Assets | ||||||
Net proceeds from capital contributions and withdrawals
|
$ | 1,049,041,725 | ||||
Net unrealized appreciation
|
70,466,674 | |||||
Total
|
$ | 1,119,508,399 | ||||
Year Ended |
||||||
Investment Income | October 31, 2011 | |||||
Interest
|
$ | 41,144,725 | ||||
Interest allocated from affiliated investment
|
29,254 | |||||
Expenses allocated from affiliated investment
|
(3,494 | ) | ||||
Total investment income
|
$ | 41,170,485 | ||||
Expenses | ||||||
Investment adviser fee
|
$ | 7,657,646 | ||||
Trustees fees and expenses
|
34,422 | |||||
Custodian fee
|
286,976 | |||||
Legal and accounting services
|
94,765 | |||||
Miscellaneous
|
29,672 | |||||
Total expenses
|
$ | 8,103,481 | ||||
Deduct
|
||||||
Reduction of custodian fee
|
$ | 16 | ||||
Total expense reductions
|
$ | 16 | ||||
Net expenses
|
$ | 8,103,465 | ||||
Net investment income
|
$ | 33,067,020 | ||||
Realized and Unrealized Gain (Loss) | ||||||
Net realized gain (loss)
|
||||||
Investment transactions
|
$ | 1,036,172 | ||||
Investment transactions allocated from affiliated investment
|
1,257 | |||||
Financial futures contracts
|
(12,283,411 | ) | ||||
Net realized loss
|
$ | (11,245,982 | ) | |||
Change in unrealized appreciation (depreciation)
|
||||||
Investments
|
$ | (3,269,180 | ) | |||
Financial futures contracts
|
1,679,438 | |||||
Net change in unrealized appreciation (depreciation)
|
$ | (1,589,742 | ) | |||
Net realized and unrealized loss
|
$ | (12,835,724 | ) | |||
Net increase in net assets from operations
|
$ | 20,231,296 | ||||
Year Ended October 31, | ||||||||||
Increase (Decrease) in Net Assets | 2011 | 2010 | ||||||||
From operations
|
||||||||||
Net investment income
|
$ | 33,067,020 | $ | 36,382,595 | ||||||
Net realized loss from investment transactions and financial
futures contracts
|
(11,245,982 | ) | (8,721,740 | ) | ||||||
Net change in unrealized appreciation (depreciation) from
investments and financial futures contracts
|
(1,589,742 | ) | 32,639,752 | |||||||
Net increase in net assets from operations
|
$ | 20,231,296 | $ | 60,300,607 | ||||||
Capital transactions
|
||||||||||
Contributions
|
$ | 189,445,095 | $ | 319,591,025 | ||||||
Withdrawals
|
(289,370,516 | ) | (137,970,491 | ) | ||||||
Net increase (decrease) in net assets from capital
transactions
|
$ | (99,925,421 | ) | $ | 181,620,534 | |||||
Net increase (decrease) in net assets
|
$ | (79,694,125 | ) | $ | 241,921,141 | |||||
Net Assets | ||||||||||
At beginning of year
|
$ | 1,199,202,524 | $ | 957,281,383 | ||||||
At end of year
|
$ | 1,119,508,399 | $ | 1,199,202,524 | ||||||
Year Ended October 31, | ||||||||||||||||||||||
Ratios/Supplemental Data | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||
Ratios (as a percentage of average daily net assets):
|
||||||||||||||||||||||
Expenses(1)
|
0.75 | % | 0.76 | % | 0.77 | % | 0.80 | % | 0.80 | % | ||||||||||||
Net investment income
|
3.08 | % | 3.48 | % | 3.97 | % | 4.48 | % | 4.60 | % | ||||||||||||
Portfolio Turnover
|
19 | % | 22 | % | 28 | % | 19 | % | 23 | % | ||||||||||||
Total Return
|
2.21 | % | 5.95 | % | 11.54 | % | 4.85 | % | 5.49 | % | ||||||||||||
Net assets, end of year (000s omitted)
|
$ | 1,119,508 | $ | 1,199,203 | $ | 957,281 | $ | 810,627 | $ | 687,747 | ||||||||||||
(1) | Excludes the effect of custody fee credits, if any, of less than 0.005%. |
Aggregate cost
|
$ | 1,102,654,398 | ||||
Gross unrealized appreciation
|
$ | 59,513,679 | ||||
Gross unrealized depreciation
|
(652,694 | ) | ||||
Net unrealized appreciation
|
$ | 58,860,985 | ||||
Futures Contracts | ||||||||||||||||||
Expiration |
Net Unrealized |
|||||||||||||||||
Month/Year | Contracts | Position | Aggregate Cost | Value | Appreciation | |||||||||||||
12/11
|
750 U.S. 5-Year Treasury Note |
Short | $ | (91,998,047 | ) | $ | (91,957,031 | ) | $ | 41,016 | ||||||||
12/11
|
700 U.S. 10-Year Treasury Note |
Short | (90,584,375 | ) | (90,343,750 | ) | 240,625 | |||||||||||
$ | 281,641 | |||||||||||||||||
Fair Value | ||||||||||
Derivative | Asset Derivative(1) | Liability Derivative | ||||||||
Futures contracts
|
$ | 281,641 | $ | | ||||||
(1) | Amount represents cumulative unrealized appreciation on futures contracts in the Futures Contracts table above. Only the current days variation margin on open futures contracts is reported within the Statement of Assets and Liabilities as Receivable or Payable for variation margin, as applicable. |
Realized Gain (Loss) |
Change in Unrealized |
|||||||||
on Derivatives Recognized |
Appreciation (Depreciation) on |
|||||||||
Derivative | in Income(1) | Derivatives Recognized in Income(2) | ||||||||
Futures contracts
|
$ | (12,283,411 | ) | $ | 1,679,438 | |||||
(1) | Statement of Operations location: Net realized gain (loss) Financial futures contracts. | |
(2) | Statement of Operations location: Change in unrealized appreciation (depreciation) Financial futures contracts. |
| Level 1 quoted prices in active markets for identical investments |
| Level 2 other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
| Level 3 significant unobservable inputs (including a funds own assumptions in determining the fair value of investments) |
Asset Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Mortgage Pass-Throughs
|
$ | | $ | 868,682,463 | $ | | $ | 868,682,463 | ||||||||||
Collateralized Mortgage Obligations
|
| 54,349,956 | | 54,349,956 | ||||||||||||||
U.S. Government Agency Obligations
|
| 160,332,392 | | 160,332,392 | ||||||||||||||
U.S. Treasury Obligations
|
| 44,343,181 | | 44,343,181 | ||||||||||||||
Short-Term Investments
|
| 33,807,391 | | 33,807,391 | ||||||||||||||
Total Investments
|
$ | | $ | 1,161,515,383 | $ | | $ | 1,161,515,383 | ||||||||||
Futures Contracts
|
$ | 281,641 | $ | | $ | | $ | 281,641 | ||||||||||
Total
|
$ | 281,641 | $ | 1,161,515,383 | $ | | $ | 1,161,797,024 | ||||||||||
Position(s) |
||||||
with the |
||||||
Trust and |
Principal Occupation(s) and Directorships |
|||||
Name and Year of Birth | the Portfolio | Length of Service | During Past Five Years and Other Relevant Experience | |||
Interested Trustee | ||||||
Thomas E. Faust Jr. 1958 |
Trustee | Since 2007 |
Chairman, Chief Executive Officer and President of EVC, Director
and President of EV, Chief Executive Officer and President of
EVM and BMR, and Director of EVD. Trustee
and/or
officer of 179 registered investment companies and 1 private
investment company managed by EVM or BMR. Mr. Faust is an
interested person because of his positions with EVM, BMR, EVD,
EVC and EV, which are affiliates of the Trust and Portfolio. Directorships in the Last Five Years.(1) Director of EVC. |
|||
Noninterested Trustees | ||||||
Scott E. Eston 1956 |
Trustee | Since 2011 |
Private investor. Formerly held various positions at Grantham,
Mayo, Van Otterloo and Co., L.L.C. (investment management firm)
(1997-2009),
including Chief Operating Officer
(2002-2009),
Chief Financial Officer
(1997-2009)
and Chairman of the Executive Committee
(2002-2008);
President and Principal Executive Officer, GMO Trust (open-end
registered investment company)
(2006-2009).
Former Partner, Coopers and Lybrand L.L.P. (now
PricewaterhouseCoopers) (public accounting firm)
(1987-1997). Directorships in the Last Five Years. None. |
|||
Benjamin C. Esty 1963 |
Trustee | Since 2005 |
Roy and Elizabeth Simmons Professor of Business Administration
and Finance Unit Head, Harvard University Graduate School of
Business Administration. Directorships in the Last Five Years.(1) None. |
|||
Allen R. Freedman 1940 |
Trustee | Since 2007 |
Private Investor. Former Chairman
(2002-2004)
and a Director
(1983-2004)
of Systems & Computer Technology Corp. (provider of
software to higher education). Formerly, a Director of Loring
Ward International (fund distributor)
(2005-2007).
Former Chairman and a Director of Indus International, Inc.
(provider of enterprise management software to the power
generating industry)
(2005-2007).
Former Chief Executive Officer of Assurant, Inc. (insurance
provider)
(1979-2000). Directorships in the Last Five Years.(1) Director of Stonemor Partners, L.P. (owner and operator of cemeteries). Formerly, Director of Assurant, Inc. (insurance provider) (1979-2011). |
|||
William H. Park 1947 |
Trustee | Since 2003 |
Consultant and private investor. Formerly, Chief Financial
Officer, Aveon Group L.P. (investment management firm)
(2010-2011).
Formerly, Vice Chairman, Commercial Industrial Finance Corp.
(specialty finance company)
(2006-2010).
Formerly, President and Chief Executive Officer, Prizm Capital
Management, LLC (investment management firm)
(2002-2005).
Formerly, Executive Vice President and Chief Financial Officer,
United Asset Management Corporation (investment management firm)
(1982-2001).
Formerly, Senior Manager, Price Waterhouse (now
PricewaterhouseCoopers) (an independent registered public
accounting firm)
(1972-1981). Directorships in the Last Five Years.(1) None. |
Position(s) |
||||||
with the |
||||||
Trust and |
Principal Occupation(s) and Directorships |
|||||
Name and Year of Birth | the Portfolio | Length of Service | During Past Five Years and Other Relevant Experience | |||
Noninterested Trustees (continued) | ||||||
Ronald A. Pearlman 1940 |
Trustee | Since 2003 |
Professor of Law, Georgetown University Law Center. Formerly,
Deputy Assistant Secretary (Tax Policy) and Assistant Secretary
(Tax Policy), U.S. Department of the Treasury
(1983-1985).
Formerly, Chief of Staff, Joint Committee on Taxation, U.S.
Congress
(1988-1990). Directorships in the Last Five Years.(1) None. |
|||
Helen Frame Peters 1948 |
Trustee | Since 2008 |
Professor of Finance, Carroll School of Management, Boston
College. Formerly, Dean, Carroll School of Management, Boston
College
(2000-2002).
Formerly, Chief Investment Officer, Fixed Income, Scudder Kemper
Investments (investment management firm)
(1998-1999).
Formerly, Chief Investment Officer, Equity and Fixed Income,
Colonial Management Associates (investment management firm)
(1991-1998). Directorships in the Last Five Years.(1) Formerly, Director of BJs Wholesale Club, Inc. (wholesale club retailer) (2004-2011). Formerly, Trustee of SPDR Index Shares Funds and SPDR Series Trust (exchange traded funds) (2000-2009). Formerly, Director of Federal Home Loan Bank of Boston (a bank for banks) (2007-2009). |
|||
Lynn A. Stout 1957 |
Trustee | Since 1998 |
Paul Hastings Professor of Corporate and Securities Law (since
2006) and Professor of Law
(2001-2006),
University of California at Los Angeles School of Law. Directorships in the Last Five Years.(1) None. |
|||
Harriett Tee Taggart 1948 |
Trustee | Since 2011 |
Managing Director, Taggart Associates (a professional practice
firm). Formerly, Partner and Senior Vice President, Wellington
Management Company, LLP (investment management firm)
(1983-2006). Directorships in the Last Five Years. Director of Albemarle Corporation (chemicals manufacturer) (since 2007) and The Hanover Group (specialty property and casualty insurance company) (since 2009). Formerly, Director of Lubrizol Corporation (specialty chemicals) (2007-2011). |
|||
Ralph F. Verni 1943 |
Chairman of the Board and Trustee |
Chairman of the Board since 2007 and Trustee since 2005 |
Consultant and private investor. Formerly, Chief Investment
Officer
(1982-1992),
Chief Financial Officer
(1988-1990)
and Director
(1982-1992),
New England Life. Formerly, Chairperson, New England Mutual
Funds
(1982-1992).
Formerly, President and Chief Executive Officer, State Street
Management & Research
(1992-2000).
Formerly, Chairperson, State Street Research Mutual Funds
(1992-2000).
Formerly, Director, W.P. Carey, LLC
(1998-2004)
and First Pioneer Farm Credit Corp.
(2002-2006). Directorships in the Last Five Years.(1) None. |
|||
Principal Officers who are not Trustees | ||||||
Position(s) |
||||||
with the |
||||||
Trust and |
Length of |
Principal Occupation(s) |
||||
Name and Year of Birth | the Portfolio | Service | During Past Five Years | |||
Duncan W. Richardson 1957 |
President of the Trust | Since 2011(2) | Director of EVC and Executive Vice President and Chief Equity Investment Officer of EVC, EVM and BMR. | |||
Mark S. Venezia 1949 |
President of the Portfolio | Since 2002 | Vice President of EVM and BMR. | |||
Payson F. Swaffield 1956 |
Vice President | Since 2011 | Chief Income Investment Officer of EVC. Vice President of EVM and BMR. | |||
Barbara E. Campbell 1957 |
Treasurer | Of the Trust since 2005 and of the Portfolio since 2008 | Vice President of EVM and BMR. |
Position(s) |
||||||
with the |
||||||
Trust and |
Length of |
Principal Occupation(s) |
||||
Name and Year of Birth | the Portfolio | Service | During Past Five Years | |||
Principal Officers who are not Trustees (continued) | ||||||
Maureen A. Gemma 1960 |
Vice President, Secretary and Chief Legal Officer | Vice President since 2011; Secretary since 2007 and Chief Legal Officer since 2008 | Vice President of EVM and BMR. | |||
Paul M. ONeil 1953 |
Chief Compliance Officer | Since 2004 | Vice President of EVM and BMR. |
(1) | During their respective tenures, the Trustees (except Mr. Eston and Ms. Taggart) also served as trustees of one or more of the following Eaton Vance funds (which operated in the years noted): Eaton Vance Credit Opportunities Fund (launched in 2005 and terminated in 2010); Eaton Vance Insured Florida Plus Municipal Bond Fund (launched in 2002 and terminated in 2009); and Eaton Vance National Municipal Income Trust (launched in 1998 and terminated in 2009). | |
(2) | Prior to 2011, Mr. Richardson was Vice President of the Trust since 2001. |
| Only such information received from you, through application forms or otherwise, and information about your Eaton Vance fund transactions will be collected. This may include information such as name, address, social security number, tax status, account balances and transactions. |
| None of such information about you (or former customers) will be disclosed to anyone, except as permitted by law (which includes disclosure to employees necessary to service your account). In the normal course of servicing a customers account, Eaton Vance may share information with unaffiliated third parties that perform various required services such as transfer agents, custodians and broker/dealers. |
| Policies and procedures (including physical, electronic and procedural safeguards) are in place that are designed to protect the confidentiality of such information. |
| We reserve the right to change our Privacy Policy at any time upon proper notification to you. Customers may want to review our Privacy Policy periodically for changes by accessing the link on our homepage: www.eatonvance.com. |
* | FINRA BrokerCheck. Investors may check the background of their Investment Professional by contacting the Financial Industry Regulatory Authority (FINRA). FINRA BrokerCheck is a free tool to help investors check the professional background of current and former FINRA-registered securities firms and brokers. FINRA BrokerCheck is available by calling 1-800-289-9999 and at www.FINRA.org. The FINRA BrokerCheck brochure describing this program is available to investors at www.FINRA.org. |
140-12/11 | GOSRC |
Fiscal Years Ended | 10/31/10 | 10/31/11 | ||||||
Audit Fees |
$ | 47,610 | $ | 48,090 | ||||
Audit-Related Fees(1) |
$ | 0 | $ | 0 | ||||
Tax Fees(2) |
$ | 18,310 | $ | 18,490 | ||||
All Other Fees(3) |
$ | 900 | $ | 0 | ||||
Total |
$ | 66,820 | $ | 66,580 | ||||
(1) | Audit-related fees consist of the aggregate fees billed for assurance and related services that are reasonably related to the performance of the audit of the registrants financial statements and are not reported under the category of audit fees. | |
(2) | Tax fees consist of the aggregate fees billed for professional services rendered by the principal accountant relating to tax compliance, tax advice, and tax planning and specifically include fees for tax return preparation and other related tax compliance/planning matters. | |
(3) | All other fees consist of the aggregate fees billed for products and services provided by the registrants principal accountant other than audit, audit-related, and tax services. |
Fiscal Years Ended | 10/31/10 | 10/31/11 | ||||||
Registrant |
$ | 19,210 | $ | 18,490 | ||||
Eaton Vance(1) |
$ | 278,901 | $ | 226,431 |
(1) | Certain entities that provide ongoing services to the registrant are subsidiaries of Eaton Vance Corp. |
(a)(1)
|
Registrants Code of Ethics Not applicable (please see Item 2). | |
(a)(2)(i)
|
Treasurers Section 302 certification. | |
(a)(2)(ii)
|
Presidents Section 302 certification. | |
(b)
|
Combined Section 906 certification. |
By:
|
/s/ Mark S. Venezia
|
|||
President | ||||
Date:
|
December 19, 2011 |
By:
|
/s/ Barbara E. Campbell
|
|||
Treasurer | ||||
Date:
|
December 19, 2011 | |||
By:
|
/s/ Mark S. Venezia
|
|||
President | ||||
Date:
|
December 19, 2011 |
/s/ Barbara E. Campbell | ||||
Barbara E. Campbell | ||||
Treasurer | ||||
/s/ Mark S. Venezia | ||||
Mark S. Venezia | ||||
President |
(a) | The Annual Report of the Portfolio on Form N-CSR for the period ended October 31, 2011 (the Report) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and |
(b) | The information contained in the Report fairly presents, in all material respects, the financial condition and the results of operations of the Portfolio for such period. |
/s/ Barbara E. Campbell |
Barbara E. Campbell |
Treasurer |
/s/ Mark S. Venezia |
Mark S. Venezia |
President |