eaton vance annual report

When a proxyvoting issue has been referred to the investment adviser, the analyst (or portfolio manager if applicable) covering the company subject to the proxy proposal determines the final vote (or decision not to vote) and the investment adviser’s ProxyAdministrator (described below) instructs the Agent to vote accordingly for securities held by the Fund. If a matter is referred to the Global Proxy Group, the decision made and basis for the decision will bedocumented by the Proxy Administrator and/or Global Proxy Group.The following table shows the dollar range of Fund shares beneficially owned by each portfolio manager as of the Fund’s most recent fiscal year end.Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to besigned on its behalf by the undersigned, thereunto duly authorized.The registrant’s Board has designated George J. Gorman and William H. Park, each an independent trustee, as audit committee financial experts.Mr. Gorman is a certified public accountant who is the Principal at George J. Gorman LLC (a consulting firm). The Proxy Administrator will compare such list with the names of companies of which he or she has been referred a proxystatement (the “Proxy Companies”). The investment adviser and its affiliates have also established a Global Proxy Group. (b) There have been no changes in the registrant’s internal controls over financial reporting during the periodcovered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.The investment adviser to the registrant, as well as any of its affiliates that provide ongoing services to theregistrant, are subsidiaries of Eaton Vance Corp.Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report hasbeen signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.The investment adviser has appointed a Proxy Administrator to assist in thecoordination of the voting of client proxies (including the Fund’s) in accordance with the Guidelines and the Policies. The underlying investment companies may be managed by this portfolio manager oranother portfolio manager. A similar process will be followed if the Agent has a conflict of interest with respect to a proxy. (b)There have been no changes in the registrant’s internal controls over financial reporting during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internalcontrol over financial reporting.Certain of these “Other Pooled Investment Vehicles” invest a substantial portion of their assetseither in a registered investment company in the Eaton Vance family of funds and/or in a separate pooled investment vehicle sponsored by Eaton Vance which may be managed by this portfolio manager or another portfolio manager.

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