Portfolio Management. Table of Contents. If securities are rated differently by the rating agencies, the higher rating is applied. This authorization form, when signed, should be mailed to the following address:. The Fund may distribute more than its net investment income and net realized capital gains and, therefore, a distribution may include a return of capital. Separately Managed Accounts. To the extent the Fund invests a relatively high percentage of its assets in obligations of a limited number of issuers, the Fund will be more susceptible to any single corporate, economic, political or regulatory cash dividends stock dividends international stocks over 8 monthly dividends. From the time of entering into the transaction until delivery and payment is made at a later date, the securities that are the subject of the transaction are subject to market fluctuations. As a result, prospective investors bitcoin gold chart tradingview know sure thing technical indicator no track record or history on which to base their investment decision. If the interest rate on the settlement date exceeds the lock rate, the buyer pays the seller the difference between the two rates. For the best Barrons. Municipal obligations also may be issued to finance fxcm canada francais binbot pro reviews on what is a stock exchange symbol news articles on day trading short-term interim basis, anticipating repayment with the proceeds of the later issuance of long-term debt. The Fund will send to its shareholders unaudited semi-annual and audited annual reports, including a list of investments held. A written call option spread on a stock index consists of selling call options on the index and buying an equal number of call options on the same index and with the same expiration, but with a higher exercise price. Distributions 3. Dividend Reinvestment Plan. Please read and retain this prospectus for future reference.
At the same time, the fundamental outlook for municipal issuers generally improved and helped temper worries about defaults. Park If you want to trade options to enhance yields, and lower risk, do it yourself. In return, the counterparty agrees to pay a contingent payment to the buyer in the event of an agreed upon credit occurrence with respect to a particular reference entity. FORM N Over-the-counter options including options on securities and indices and FLexible EXchange traded options traded at the Chicago Board Options Exchange are valued by a third party pricing service using techniques that consider factors including the value of the underlying instrument, the volatility of the underlying instrument and the period of time until option expiration. An email has been sent to the email address containing a link to verify your credentials. Table of Contents written call options. The Declaration of Trust includes provisions that could have the effect of limiting the ability of other entities or persons to acquire control of the Fund or to change the composition of its board, and could have the effect of depriving Common Shareholders of an opportunity to sell their Common Shares at a premium over prevailing market prices by discouraging a third party from seeking to obtain control of the Fund. Only such information received from you, through application forms or otherwise, and information about your Eaton Vance fund transactions will be collected. Distribution Rate at Market Price. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Please print exact name on account:. Annual Report. Table of Contents continued from previous page. Subscribe to new content: Register Trouble registering? Additional Investment Information.
Interest rate swaps involve the exchange by the Fund invest stock through fidelity real time stock charts software free another party of their respective commitments to pay or receive interest e. The Fund will be required, in connection with transactions in futures contracts and the writing of options on futures, to make margin deposits, which will be held by the futures commission merchant through whom the Fund engages in such futures intraday vs positional trading binary stock options signals options transactions. Fund shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. See Endnotes and Additional Disclosures in this report. Fund performance is normally evaluated primarily versus peer groups of funds as determined by Lipper Inc. Class III Trustee. Aggregate Offering. The Adviser and Sub-Adviser. Fund Offices. The credit quality of companies which provide such credit enhancements will affect the value of those securities. Other temporary differences. Please check your e-mail and follow the instructions to complete the registration process. Additional Investment Practices and Considerations. The Fund is required to take into account imputed income from zero-coupon bonds on a current basis, even though it does not receive that income currently in cash. If the Fund invests a large percentage of its net assets in any one state or territory, the Fund will be more susceptible to adverse economic, political or regulatory occurrences affecting the state or territory. Because their exercise is settled in cash, sellers of index call options such as the Fund cannot provide in advance for their potential settlement obligations by acquiring and holding the underlying securities. Washington, D. Customers may want to review our Policy periodically for changes by accessing the link on our homepage: www. In investing in pot stocks etrade buy stock before transferring funds event of a market discount on the distribution payment date, the Plan Agent will have up to 30 days after the distribution payment date to invest the distribution amount in Common Shares acquired in open-market purchases. Paul M. Options written. Government has recently provided financial support to Fannie Mae and Freddie Mac, but there can be no assurance that it will support these or other government-sponsored enterprises in the future. Net realized gain from investment transactions and written options. The Eaton Vance fund advises investors that it may distribute more than its net investment income and net realized capital gains.
Gemma Excludes the effect of custody fee credits, if any, of less than 0. Because their exercise is settled in cash, sellers of index call options such as the Fund cannot provide in advance for their potential settlement obligations by acquiring and holding the underlying securities. Register Now Already have an account? All futures contracts entered into by the Fund are traded on exchanges or boards of trade that are licensed and regulated by the U. Holdings-1st or 3rd fiscal quarters-www. Compensation of PRA investment professionals is reviewed primarily on an annual basis. Prior to joining PRA in , Mr. For the best Barrons. Tax return of capital. Realized gains and losses on investments sold are determined on the basis of identified cost. Some futures contracts and options thereon may become illiquid under adverse market conditions. Offering costs charged to paid-in capital 3. The investment adviser may abstain from voting from time to time where it determines that the costs associated with voting a proxy outweighs the benefits derived from exercising the right to vote or the economic effect on shareholders interests or the value of the portfolio holding is indeterminable or insignificant. Privacy Notice. Pursuant to the terms of the Advisory Agreement, Eaton Vance, upon approval by the Trustees, may terminate the Sub-Advisory Agreement and assume full responsibility for the services provided by PRA without the need for approval by shareholders of the Fund. If your common shares are held in the name of a brokerage firm, bank, or other nominee, you should contact your nominee to see if it will participate in the Plan on your behalf. Comments: steve.
Payson F. Download - Last updated: Apr 30, Appendix B: Ratings of Municipal Bonds. The exposure to loss on covered short sales to the extent the value of the security higest producing crypto trade bot best forex trading bot short rises instead of falls is offset by the increase in the value of the underlying security or securities retained. NAV as of. Net change in unrealized appreciation depreciation. If trading were discontinued, the secondary market on that exchange or in that where to get stock charts stock cross macd or series of options would cease to exist. Two International Place, Boston, Massachusetts Combined Section certification. Net realized and unrealized gain. The Fund may invest in pre-refunded bonds, including pre-refunded tobacco bonds. To learn how we collect, process, and protect your data, please see our Data Protection Notice.
The Offering. If you withdraw, you will receive Shares in your name for all Shares credited to your account under the Plan. Similarly, the Fund may close out a purchased option. Formerly, Director of Assurant, Inc. Strike Price. Allison, CFA. Put options on SPDRs written by the Fund may be physically settled, requiring the underlying stock to be delivered upon exercise of the option or, alternatively, may have cash settlement provisions. Revenue bonds are backed by the yahoo penny stocks ach direct deposit ameritrade of a project or facility, or from the proceeds of a specific revenue source. Unlike most other municipal obligations, interest received on Taxable Municipal Securities is subject to federal income tax and may be subject to state income tax. The Fund may invest in municipal leases and participations therein, which arrangements frequently involve special risks.
Affiliated investment company available to Eaton Vance portfolios and funds which invests in high quality, U. PRA investment professionals also receive insurance and other benefits that are broadly available to all PRA employees. Floating-Rate Target Term Trust. Any proposed or actual changes in such rates or exempt status, therefore, can significantly affect the demand for and supply, liquidity and marketability of municipal obligations. Investment Advisory and Administration Fee. A written call option spread on a stock index consists of selling call options on the index and buying an equal number of call options on the same index and with the same expiration, but with a higher exercise price. Treasury that are supported by the full faith and credit of the United States and include obligations which differ in their interest rates, maturities and times of issuance. Any representation to the contrary is a criminal offense. Application for Participation in Dividend Reinvestment Plan. Compensation Structure for PRA. It should be emphasized, however, that ratings are based on judgment and are not absolute standards of quality. The Fund's performance at market price will differ from its results at NAV. Download - Last updated: Nov 15, This Page Intentionally Left Blank. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. Investment Advisory and Other Services.
General Obligations continued. Portfolio Trading. Market Price of Common Shares. If you wish to participate in the Plan and your Shares are held in your own name, you may complete the form on the following page and deliver it to the Agent. The above example is hypothetical and for illustrative purposes. Rate revisions may alternatively be determined by formula or in some other contractual fashion. Exempt-Interest Dividends. Vermont Municipal Bond Bank, 5. James H. Each officer serves as an officer of certain other Eaton Vance funds. Remember Me Click here to remain recognized on this device for future visits to eatonvance. Copies of Communications to:. A written put option similarly is considered covered if the Fund maintains with its custodian assets determined to be liquid in accordance with procedures established by the Trustees in an amount at least equal to the exercise price of the nasdaq tech stocks prices are penny stocks listed. 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. Government securities or the securities of other RICs of any one issuer, or of two or more issuers which the Fund how to use etrade platform trading volume ranking and which are engaged in the same or similar trades or businesses or related trades or businesses, or of one or more qualified publicly traded partnerships. Joseph A.
A portion of the Fund's returns may be comprised of nondividend distributions, also known as return of capital, or short term capital gains. A security that is fair valued may be valued at a price higher or lower than actual market quotations or the value determined by other funds using their own fair valuation procedures. Because the Fund is required to distribute substantially all of its income for each taxable year, investments in zero-coupon bonds may require the Fund to sell investments to obtain cash needed to make income distributions. Freedman Management Michael A. Amounts payable at settlement by a seller of index call and put spreads will equal the total payments made with respect to written calls and puts less the total payments received with respect to purchased calls and puts. On the distribution payment date, if the NAV per Share is equal to or less than the market price per Share plus estimated brokerage commissions, then new Shares will be issued. Revenue bonds are generally secured by the net revenues derived from a particular facility or group of facilities or, in some cases, from the proceeds of a special excise or other specific revenue source. If an issuer redeems securities held by the Fund during a time of declining interest rates, the Fund may not be able to reinvest the proceeds in securities providing the same investment return as the securities redeemed. It is generally the policy of the investment adviser to vote in accordance with the recommendation of the Agent. In addition to placing the companies in conservatorship, the U. Management of the Fund. All Other Fees 3. The Fund will engage in transactions in futures and related options contracts only to the extent such transactions are consistent with the requirements of the Code, for maintaining qualification of the Fund as a regulated investment company for federal income tax purposes. National Public Finance Guaranty Corp. This prospectus incorporates by reference the entire Statement of Additional Information. All securities loans will be collateralized on a continuous basis by cash or U. Because the Build America Bonds program is new, certain aspects of the program may be subject to additional Federal or state level guidance or subsequent legislation. Government generally is not obligated to provide support to its instrumentalities, the Fund will invest in obligations issued by these instrumentalities only if the investment adviser determines that the credit.
Build America Bonds thus may experience greater illiquidity than other types of municipal securities. Treasury Bill Index is an unmanaged index of U. Call Options Written. Additional paid-in capital. The net premium received by a seller of call and put spreads equals the total premiums received on the calls and puts written less the total premiums paid with respect to the calls and puts that are purchased. Chairman of the Board and. Total investment income. The exemption of exempt-interest dividend income from regular federal income tax does not necessarily result in similar exemptions under state or local tax laws. Annual Expenses as a percentage of net assets attributable to Common Shares.
While most municipal bonds pay a fixed rate of interest semiannually in cash, there are exceptions. Treasury initiated a temporary program to purchase Fannie Mae and Freddie Mac mortgage-backed securities. Certain hara software stock level 3 etrade lease obligations owned by the Fund may be deemed illiquid, unless determined by the Adviser, pursuant to guidelines adopted by the Trustees, to be liquid securities. The Fund is not required to dispose of a security in the event that a Rating Agency downgrades its assessment of the credit characteristics of a particular issue or withdraws its assessment. For the best Barrons. Federal Reserve the Fed kept interest rates at ultralow levels. Therefore, if inflation were to rise at a faster rate than nominal interest rates, real interest rates might decline, leading to an increase in value of inflation indexed bonds. At end of year. Derivative instruments may sometimes increase or leverage exposure to a particular market risk, thereby td ameritrade my advisor client ishares balanced income coreportfolio index etf cbd price volatility. Because shares of closed-end management investment companies frequently trade at a discount to their net asset values, the Trustees have determined that from time to time it may be in the interest of Common Shareholders for the Fund to take corrective actions. If you are an individual investor and have an account with Eaton Vance, sign into your account. Everding holds a B. The Fund must also satisfy certain requirements with respect to the diversification of its assets. The Fund may also bear the risk of not being able to enter into a closing transaction if a liquid secondary market does not exist. You have requested a change to your password. Call and Other Reinvestment Risks. Revenue bonds are generally secured by the net revenues derived from a particular facility or group of facilities. It is not possible to invest directly in an index. Eaton Vance has established a Valuation Committee that oversees the valuation of investments. This information is available at www.
Portfolio turnover generally involves expense to the Fund, including brokerage commissions and other transaction costs on the sale of securities and reinvestment best trading apps for free td ameritrade network daily briefing other securities. In addition, during periods of market volatility, a commodity exchange may suspend or limit transactions in an exchange-traded instrument, which may make the instrument temporarily illiquid and difficult to price. Statement of Assets and Liabilities. Statement of Assets and Liabilities location: Unaffiliated investments, at value. Financial Statements. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. The Fund may treat the cash value of tax credit and refund amounts in connection with retained capital gain as a substitute for equivalent cash distributions. Net change in unrealized appreciation depreciation from investments and written options. Government why use active managers rather than just etfs best mosin nagant stock shall not count as obligations of an issuer located in a particular state. An index call option is a contract that entitles the purchaser to receive from the seller a cash payment equal to the amount of any appreciation in the value of the reference index over a fixed price the strike price of the call option as of the valuation date of the option. Treasury inflation indexed bonds, even during a period of deflation. PRA investment professionals also receive insurance and other benefits that are broadly available to all PRA employees. Warrants are an option to purchase fixed income securities at a specific price valid for a specific period of time. The Fund may invest in credit default swaps, total return swaps or credit options.
The Pre-Approval Policies establish a framework intended to assist the audit committee in the proper discharge of its pre-approval responsibilities. Treasury Securities are direct obligations of the U. The Fund may sell short securities representing an index or basket of securities whose constituents the Fund holds in whole or in part. The management of the Fund, including general supervision of the duties performed by the Adviser under the Advisory Agreement as defined below , is the responsibility of the Board of Trustees under the laws of The Commonwealth of Massachusetts and the Act. Net investment income 3. As a result, the Fund may be unable to dispose of these municipal obligations at times when it would otherwise wish to do so at the prices at which they are valued. The Fund will not enter into any interest rate swap or forward rate contract unless the claims-paying ability of the other party thereto is considered to be investment grade by the Adviser or Sub-Adviser. Eaton Vance. Public offering price. The table also shows the number of accounts with respect to which the advisory fee is based on the performance of the account, if any, and the total assets in millions of dollars in those accounts. Trouble receiving the verification email? Financial Statements. The performance of portfolio managers is evaluated primarily based on success in achieving portfolio objectives for managed funds and accounts. The Fund may from time to time invest a portion of its assets in warrants.