Launch of Eaton Vance 1-to-10 Year Laddered Corporate Bond Fund

BOSTON, Sept. 28, 2016 /PRNewswire/ -- Eaton Vance Management (EVM), a subsidiary of Eaton Vance Corp. (NYSE: EV), today announced the launch of Eaton Vance 1-to-10 Year Laddered Corporate Bond Fund (Class A: EACBX, Class I: EICBX), a diversified mutual fund seeking current income.  The Fund is managed by a portfolio team consisting of Maria C. Cappellano, vice president and portfolio manager, John H. Croft, CFA, vice president and portfolio manager, and Thomas H. Luster, CFA, co-director of diversified fixed income and portfolio manager.

Eaton Vance 1-to-10 Year Laddered Corporate Bond Fund invests at least 80% of its net assets in corporate bonds with final maturities of between one and 10 years. Pursuant to the Fund's laddered structure, the Fund normally invests between 5% and 15% of net assets in corporate bonds with a final maturity in each year within the 1-to-10 year range. At least 90% of the Fund's net assets are invested in securities rated at least investment grade at the time of investment. The Fund may invest in both U.S. and non-U.S. issuers.

"The Eaton Vance 1-to-10 Year Laddered Corporate Bond Fund seeks to provide investors with current income by combining a structured, rules-based approach to portfolio construction with in-depth credit analysis," said Mr. Luster. "The success of Eaton Vance's laddered corporate bond strategies offered as separately managed accounts demonstrates the appeal of this style of fixed income investing."

The Fund's portfolio team makes investment decisions based on fundamental and quantitative research that considers numerous factors, including quality of business franchises, financial strength, management capability and integrity, growth potential, valuation and earnings and cash flow capabilities. The Fund seeks to manage investment risk by maintaining broad issuer and industry diversification among holdings and through fundamental, bottom-up analysis of risk and return characteristics in securities selection.

Eaton Vance (NYSE: EV) is a leading global asset manager whose history dates to 1924. With offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates managed $334.4 billion in assets as of July 31, 2016, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information, visit eatonvance.com.

About Risk: An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market.  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 non-payment 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.  Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, or other conditions.  In emerging countries, these risks may be more significant.  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. 

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

The Fund is distributed by Eaton Vance Distributors, Inc., Two International Place, Boston, MA 02110. Member FINRA/ SIPC

Not FDIC Insured - Not Bank Guaranteed - May Lose Value

SOURCE Eaton Vance Management