UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act File Number: 811-04015
Eaton Vance Mutual Funds Trust
(Exact Name of Registrant as Specified in Charter)
Two International Place, Boston, Massachusetts 02110
(Address of Principal Executive Offices)
Maureen A. Gemma
Two International Place, Boston, Massachusetts 02110
(Name and Address of Agent for Services)
(617) 482-8260
(Registrant’s Telephone Number)
August 31
Date of Fiscal Year End
February 28, 2014
Date of Reporting Period
Item 1. Reports to Stockholders
Parametric Emerging Markets Core Fund
Semiannual Report
February 28, 2014
Commodity Futures Trading Commission Registration. Effective December 31, 2012, the Commodity Futures Trading Commission (“CFTC”) adopted certain regulatory changes that subject registered investment companies and advisers to regulation by the CFTC if a fund invests more than a prescribed level of its assets in certain CFTC-regulated instruments (including futures, certain options and swap agreements) or markets itself as providing investment exposure to such instruments. The Fund has claimed an exclusion from the definition of the term “commodity pool operator” under the Commodity Exchange Act. Accordingly, neither the Fund nor the adviser with respect to the operation of the Fund is subject to CFTC regulation. Because of its management of other strategies, the Fund’s adviser is registered with the CFTC as a commodity pool operator and a commodity trading advisor.
Fund shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Shares are subject to investment risks, including possible loss of principal invested.
This report must be preceded or accompanied by a current summary prospectus or prospectus. Before investing, investors should consider carefully the investment objective, risks, and charges and expenses of a mutual fund. This and other important information is contained in the summary prospectus and prospectus, which can be obtained from a financial advisor. Prospective investors should read the prospectus carefully before investing. For further information, please call 1-800-260-0761.
Semiannual Report February 28, 2014
Parametric Emerging Markets Core Fund
Table of Contents
| | | | |
| |
Performance | | | 2 | |
| |
Fund Profile | | | 2 | |
| |
Endnotes and Additional Disclosures | | | 3 | |
| |
Fund Expenses | | | 4 | |
| |
Financial Statements | | | 5 | |
| |
Board of Trustees’ Contract Approval | | | 25 | |
| |
Officers and Trustees | | | 27 | |
| |
Important Notices | | | 28 | |
Parametric Emerging Markets Core Fund
February 28, 2014
Performance1,2
Portfolio Managers David Stein, Ph.D. and Thomas Seto, each of Parametric Portfolio Associates LLC
| | | | | | | | | | | | | | | | | | | | | | | | |
% Cumulative Total Returns | | Class Inception Date | | | Performance Inception Date | | | Six Months | | | One Year | | | Five Years | | | Since Inception | |
Investor Class at NAV | | | 09/25/2013 | | | | 09/25/2013 | | | | — | | | | — | | | | — | | | | –2.87 | % |
Institutional Class at NAV | | | 09/25/2013 | | | | 09/25/2013 | | | | — | | | | — | | | | — | | | | –2.73 | |
MSCI Emerging Markets Index | | | — | | | | — | | | | 4.77 | % | | | –6.01 | % | | | 16.87 | % | | | –3.56 | % |
| | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
% Total Annual Operating Expense Ratios3 | | | | | | | | | Investor Class | | | Institutional Class | |
Gross | | | | | | | | | | | | | | | | | | | 1.49 | % | | | 1.24 | % |
Net | | | | | | | | | | | | | | | | | | | 1.15 | | | | 0.90 | |
Fund Profile
Top 10 Holdings (% of net assets)4
| | | | | | |
Samsung Electronics Co., Ltd. | | | 1.4 | % | | |
MTN Group, Ltd. | | | 1.2 | | | |
America Movil SAB de CV ADR, Series L | | | 1.2 | | | |
Naspers, Ltd., Class N | | | 1.0 | | | |
OAO Gazprom ADR | | | 0.9 | | | |
Sberbank of Russia ADR | | | 0.9 | | | |
Infosys, Ltd. ADR | | | 0.8 | | | |
China Mobile, Ltd. | | | 0.8 | | | |
Tencent Holdings, Ltd. | | | 0.8 | | | |
Taiwan Semiconductor Manufacturing Co., Ltd. | | | 0.8 | | | |
Total | | | 9.8 | % | | |
See Endnotes and Additional Disclosures in this report.
Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) or offering price (as applicable) with all distributions reinvested. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance less than one year is cumulative. 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 before taxes unless otherwise noted. For performance as of the most recent month end, please refer to eatonvance.com.
Parametric Emerging Markets Core Fund
February 28, 2014
Endnotes and Additional Disclosures
1 | MSCI Emerging Markets Index is an unmanaged index of emerging markets common stocks. MSCI indices are net of foreign withholding taxes. Source: MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI provides no warranties, has not prepared or approved this report, and has no liability hereunder. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. |
2 | Returns are historical and are calculated by determining the percentage change in NAV with all distributions reinvested. Unless otherwise stated, performance does not reflect the deduction of taxes on Fund distributions or redemptions of Fund shares. Performance since inception for an index, if presented, is the performance since the Fund’s or oldest share class’ inception, as applicable. |
3 | Source: Fund prospectus. Net expense ratio reflects a contractual expense reimbursement that continues through 5/31/15. Without the reimbursement, performance would have been lower. |
4 | Excludes cash and cash equivalents. |
| Fund profile subject to change due to active management. |
Parametric Emerging Markets Core Fund
February 28, 2014
Fund Expenses
Example: As a Fund shareholder, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchases and redemption fees (if applicable); and (2) ongoing costs, including management fees; distribution and/or service fees; and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of Fund investing and to compare these costs with the ongoing costs of investing in other mutual funds. The actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 25, 2013 – February 28, 2014). The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (September 1, 2013 – February 28, 2014).
Actual Expenses: The first section of the table below provides information about actual account values and actual expenses. You may use the information in this section, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first section under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes: The second section of the table below provides information about hypothetical account values and hypothetical expenses based on the actual Fund expense ratio and an assumed rate of return of 5% per year (before expenses), which is not the actual Fund return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) or redemption fees (if applicable). Therefore, the second section of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher.
| | | | | | | | | | | | | | | | | | |
| | Beginning Account Value (9/25/13) | | | Ending Account Value (2/28/14) | | | Expenses Paid During Period (9/25/13 – 2/28/14) | | | Annualized Expense Ratio | | | |
| | | | | |
| | | | | | | | | | | | | | | | | | |
Actual* | | | | | | | | | | | | | | | |
Investor Class | | $ | 1,000.00 | | | $ | 971.30 | | | $ | 4.88 | *** | | | 1.15 | % | | |
Institutional Class | | $ | 1,000.00 | | | $ | 972.70 | | | $ | 3.82 | *** | | | 0.90 | % | | |
* | The Fund had not commenced operations on September 1, 2013. Actual expenses are equal to the Fund’s annualized expense ratio for the indicated Class, multiplied by the average account value over the period, multiplied by 157/365 (to reflect the period from commencement of operations on September 25, 2013 to February 28, 2014). The Example assumes that the $1,000 was invested at the net asset value per share determined at the opening of business on September 25, 2013. |
| | | | | | | | | | | | | | | | | | |
| | Beginning Account Value (9/1/13) | | | Ending Account Value (2/28/14) | | | Expenses Paid During Period (9/1/13 – 2/28/14) | | | Annualized Expense Ratio | | | |
| | | | | |
| | | | | | | | | | | | | | | | | | |
Hypothetical** | | | | | | | | | | | | | | | |
(5% return per year before expenses) | | | | | | | | | | | | | | | |
Investor Class | | $ | 1,000.00 | | | $ | 1,019.10 | | | $ | 5.76 | *** | | | 1.15 | % | | |
Institutional Class | | $ | 1,000.00 | | | $ | 1,020.30 | | | $ | 4.51 | *** | | | 0.90 | % | | |
** | Hypothetical expenses are equal to the Fund’s annualized expense ratio for the indicated Class, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). The Example assumes that the $1,000 was invested at the net asset value per share determined at the opening of business on September 25, 2013. |
*** | Absent an allocation of certain expenses to affiliates, the expenses would be higher. |
Parametric Emerging Markets Core Fund
February 28, 2014
Portfolio of Investments (Unaudited)
| | | | | | | | |
Common Stocks — 93.4% | |
| | |
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
Brazil — 6.8% | |
AES Tiete SA, PFC Shares | | | 500 | | | $ | 3,708 | |
All America Latina Logistica SA (Units) | | | 1,500 | | | | 4,333 | |
AMBEV SA ADR | | | 6,900 | | | | 49,859 | |
Anhanguera Educacional Participacoes SA | | | 800 | | | | 4,482 | |
Banco Bradesco SA, PFC Shares | | | 3,700 | | | | 43,151 | |
Banco do Brasil SA | | | 1,300 | | | | 11,497 | |
Banco Santander Brasil SA | | | 1,200 | | | | 5,866 | |
BB Seguridade Participacoes SA | | | 700 | | | | 6,964 | |
BM&F Bovespa SA | | | 2,300 | | | | 9,898 | |
BR Malls Participacoes SA | | | 700 | | | | 5,365 | |
BR Properties SA | | | 1,000 | | | | 7,251 | |
BRF-Brasil Foods SA ADR | | | 1,100 | | | | 20,086 | |
Centrais Eletricas Brasileiras SA ADR | | | 1,900 | | | | 4,142 | |
CETIP SA - Mercados Organizados | | | 500 | | | | 5,335 | |
Cia Brasileira de Distribuicao Grupo Pao de Acucar, PFC Shares | | | 100 | | | | 4,224 | |
Cia de Concessoes Rodoviarias SA (CCR) | | | 3,400 | | | | 23,337 | |
Cia de Saneamento Basico do Estado de Sao Paulo | | | 900 | | | | 8,272 | |
Cia de Saneamento de Minas Gerais-COPASA | | | 300 | | | | 4,262 | |
Cia de Transmissao de Energia Eletrica Paulista, PFC Shares | | | 300 | | | | 3,246 | |
Cia Energetica de Minas Gerais SA, PFC Shares | | | 3,030 | | | | 17,382 | |
Cia Energetica de Sao Paulo, PFC Shares | | | 500 | | | | 4,798 | |
Cia Hering | | | 300 | | | | 3,189 | |
Cia Paranaense de Energia-Copel ADR | | | 400 | | | | 4,308 | |
Cia Siderurgica Nacional SA | | | 1,200 | | | | 5,248 | |
Cielo SA | | | 1,000 | | | | 27,126 | |
Cosan SA Industria e Comercio | | | 400 | | | | 5,921 | |
CPFL Energia SA ADR | | | 300 | | | | 4,314 | |
Cyrela Brazil Realty SA | | | 600 | | | | 3,346 | |
EcoRodovias Infraestrutura e Logistica SA | | | 700 | | | | 3,684 | |
EDP-Energias do Brasil SA | | | 1,000 | | | | 3,812 | |
Embraer SA | | | 1,600 | | | | 14,311 | |
Equatorial Energia SA | | | 500 | | | | 4,231 | |
Estacio Participacoes SA | | | 600 | | | | 5,657 | |
Fibria Celulose SA ADR(1) | | | 400 | | | | 4,300 | |
Gerdau SA, PFC Shares | | | 1,300 | | | | 8,021 | |
Iochpe-Maxion SA | | | 400 | | | | 4,011 | |
Itau Unibanco Holding SA, PFC Shares | | | 3,300 | | | | 44,078 | |
Itausa-Investimentos Itau SA, PFC Shares | | | 4,600 | | | | 16,687 | |
JBS SA | | | 1,700 | | | | 5,444 | |
Klabin SA, PFC Shares | | | 900 | | | | 4,453 | |
Kroton Educacional SA | | | 300 | | | | 5,597 | |
Light SA | | | 600 | | | | 4,220 | |
Localiza Rent a Car SA | | | 400 | | | | 5,319 | |
Lojas Americanas SA, PFC Shares | | | 900 | | | | 5,560 | |
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
Brazil (continued) | |
Lojas Renner SA | | | 200 | | | $ | 4,933 | |
M Dias Branco SA(1) | | | 100 | | | | 3,496 | |
Marcopolo SA, PFC Shares | | | 2,100 | | | | 4,152 | |
Metalurgica Gerdau SA, PFC Shares | | | 500 | | | | 3,824 | |
MRV Engenharia e Participacoes SA | | | 1,300 | | | | 4,508 | |
Natura Cosmeticos SA | | | 300 | | | | 4,423 | |
Oi SA ADR | | | 3,000 | | | | 4,560 | |
PDG Realty SA Empreendimentos e Participacoes(1) | | | 4,600 | | | | 2,968 | |
Petroleo Brasileiro SA, PFC Shares | | | 9,100 | | | | 52,868 | |
Qualicorp SA(1) | | | 500 | | | | 4,536 | |
Raia Drogasil SA | | | 600 | | | | 4,236 | |
Randon Participacoes SA, PFC Shares | | | 900 | | | | 3,159 | |
Souza Cruz SA | | | 600 | | | | 5,208 | |
Telefonica Brasil SA ADR | | | 200 | | | | 3,730 | |
Telefonica Brasil SA, PFC Shares | | | 930 | | | | 17,093 | |
Tim Participacoes SA | | | 2,100 | | | | 10,287 | |
Totvs SA | | | 400 | | | | 5,524 | |
Tractebel Energia SA | | | 300 | | | | 4,250 | |
Ultrapar Participacoes SA | | | 500 | | | | 11,121 | |
Usinas Siderurgicas de Minas Gerais SA, PFC Shares | | | 1,000 | | | | 4,172 | |
Vale SA, PFC Shares | | | 4,700 | | | | 58,460 | |
Weg SA | | | 700 | | | | 9,118 | |
| |
| | | | | | $ | 666,921 | |
| |
|
Chile — 3.3% | |
AES Gener SA | | | 17,170 | | | $ | 9,009 | |
Aguas Andinas SA, Series A | | | 13,740 | | | | 8,395 | |
Antarchile SA, Series A | | | 1,100 | | | | 14,759 | |
Banco de Chile ADR | | | 240 | | | | 18,254 | |
Banco de Credito e Inversiones | | | 220 | | | | 11,994 | |
Banco Santander Chile SA ADR | | | 800 | | | | 17,264 | |
Cap SA | | | 380 | | | | 5,906 | |
Cencosud SA | | | 3,560 | | | | 10,859 | |
Cia Cervecerias Unidas SA ADR | | | 200 | | | | 4,494 | |
Cia General de Electricidad SA | | | 1,500 | | | | 7,489 | |
Colbun SA | | | 36,400 | | | | 8,665 | |
Corpbanca SA ADR | | | 1,250 | | | | 22,087 | |
Embotelladora Andina SA, Series A ADR | | | 300 | | | | 5,478 | |
Embotelladora Andina SA, Series B ADR | | | 180 | | | | 4,149 | |
Empresa Nacional de Electricidad SA ADR | | | 350 | | | | 14,301 | |
Empresas CMPC SA | | | 5,960 | | | | 14,240 | |
Empresas Copec SA | | | 2,230 | | | | 29,433 | |
Enersis SA ADR | | | 1,220 | | | | 17,361 | |
ENTEL SA | | | 560 | | | | 6,468 | |
Latam Airlines Group SA ADR | | | 1,037 | | | | 15,970 | |
| | | | |
| | 5 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Portfolio of Investments (Unaudited) — continued
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
Chile (continued) | |
Parque Arauco SA | | | 4,130 | | | $ | 7,169 | |
Quinenco SA | | | 3,270 | | | | 7,027 | |
S.A.C.I. Falabella SA | | | 3,170 | | | | 26,098 | |
Sigdo Koppers SA | | | 4,680 | | | | 7,162 | |
Sociedad Quimica y Minera de Chile SA, Series B ADR | | | 540 | | | | 16,632 | |
Sonda SA | | | 4,030 | | | | 7,945 | |
Vina Concha y Toro SA ADR | | | 200 | | | | 7,968 | |
| |
| | | | | | $ | 326,576 | |
| |
|
China — 10.9% | |
AAC Technologies Holdings, Inc. | | | 1,000 | | | $ | 4,557 | |
Agricultural Bank of China, Ltd., Class H | | | 22,000 | | | | 9,355 | |
Air China, Ltd., Class H | | | 8,000 | | | | 5,231 | |
Aluminum Corp. of China, Ltd., Class H(1) | | | 14,000 | | | | 5,008 | |
Anhui Conch Cement Co., Ltd., Class H | | | 2,000 | | | | 7,324 | |
Baidu, Inc. ADR(1) | | | 300 | | | | 51,279 | |
Bank of China, Ltd., Class H | | | 60,000 | | | | 25,267 | |
Bank of Communications, Ltd., Class H | | | 7,000 | | | | 4,492 | |
BBMG Corp., Class H | | | 7,000 | | | | 5,237 | |
Beijing Enterprises Holdings, Ltd. | | | 500 | | | | 4,799 | |
Belle International Holdings, Ltd. | | | 8,000 | | | | 9,866 | |
Brilliance China Automotive Holdings, Ltd. | | | 4,000 | | | | 6,090 | |
BYD Co., Ltd., Class H(1) | | | 1,000 | | | | 6,605 | |
China Bluechemical, Ltd., Class H | | | 8,000 | | | | 4,687 | |
China CITIC Bank Corp., Ltd., Class H | | | 9,000 | | | | 4,861 | |
China Coal Energy Co., Class H | | | 8,000 | | | | 4,105 | |
China Communications Construction Co., Ltd., Class H | | | 7,000 | | | | 4,906 | |
China Communications Services Corp., Ltd., Class H | | | 8,000 | | | | 3,750 | |
China Construction Bank Corp., Class H | | | 79,000 | | | | 54,532 | |
China COSCO Holdings Co., Ltd., Class H(1) | | | 11,500 | | | | 4,949 | |
China Everbright International, Ltd. | | | 6,000 | | | | 8,817 | |
China Gas Holdings, Ltd. | | | 4,000 | | | | 6,289 | |
China Life Insurance Co., Ltd., Class H | | | 6,000 | | | | 17,448 | |
China Longyuan Power Group Corp., Class H | | | 5,000 | | | | 5,989 | |
China Mengniu Dairy Co., Ltd. | | | 2,000 | | | | 10,270 | |
China Merchants Bank Co., Ltd., Class H | | | 4,000 | | | | 7,034 | |
China Merchants Holdings (International) Co., Ltd. | | | 2,000 | | | | 7,134 | |
China Minsheng Banking Corp., Ltd., Class H | | | 5,000 | | | | 4,991 | |
China Mobile, Ltd. | | | 8,500 | | | | 80,626 | |
China National Building Material Co., Ltd., Class H | | | 6,000 | | | | 5,757 | |
China Oilfield Services, Ltd., Class H | | | 2,000 | | | | 5,434 | |
China Overseas Land & Investment, Ltd. | | | 4,000 | | | | 10,780 | |
China Pacific Insurance (Group) Co., Ltd., Class H | | | 1,800 | | | | 6,204 | |
China Petroleum & Chemical Corp., Class H | | | 36,000 | | | | 31,867 | |
China Railway Construction Corp., Class H | | | 4,500 | | | | 3,742 | |
China Railway Group, Ltd., Class H | | | 9,000 | | | | 3,898 | |
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
China (continued) | |
China Resources Enterprise, Ltd. | | | 2,000 | | | $ | 5,627 | |
China Resources Gas Group, Ltd. | | | 2,000 | | | | 7,035 | |
China Resources Land, Ltd. | | | 2,000 | | | | 4,531 | |
China Resources Power Holdings Co., Ltd. | | | 4,000 | | | | 9,668 | |
China Shenhua Energy Co., Ltd., Class H | | | 4,500 | | | | 12,278 | |
China State Construction International Holdings, Ltd. | | | 4,000 | | | | 6,844 | |
China Telecom Corp., Ltd., Class H | | | 26,000 | | | | 11,319 | |
China Unicom (Hong Kong), Ltd. | | | 8,000 | | | | 10,588 | |
China Vanke Co., Ltd., Class B | | | 2,600 | | | | 3,859 | |
Chongqing Changan Automobile Co., Ltd., Class B | | | 3,500 | | | | 6,990 | |
Citic Pacific, Ltd. | | | 4,000 | | | | 5,804 | |
CNOOC, Ltd. | | | 25,000 | | | | 40,928 | |
Cosco Pacific, Ltd. | | | 4,000 | | | | 5,371 | |
Country Garden Holdings Co. | | | 8,000 | | | | 4,141 | |
Ctrip.com International, Ltd. ADR(1) | | | 200 | | | | 10,802 | |
Datang International Power Generation Co., Ltd., Class H | | | 10,000 | | | | 4,040 | |
Dongfeng Motor Group Co., Ltd., Class H | | | 6,000 | | | | 8,142 | |
Evergrande Real Estate Group, Ltd. | | | 12,000 | | | | 5,083 | |
GCL-Poly Energy Holdings, Ltd.(1) | | | 18,000 | | | | 6,793 | |
Geely Automobile Holdings, Ltd. | | | 10,000 | | | | 3,786 | |
Great Wall Motor Co., Ltd., Class H | | | 2,000 | | | | 9,159 | |
Guangdong Investment, Ltd. | | | 6,000 | | | | 6,257 | |
Guangzhou Automobile Group Co., Ltd., Class H | | | 6,000 | | | | 5,606 | |
Guangzhou R&F Properties Co., Ltd., Class H | | | 3,200 | | | | 4,318 | |
Haier Electronics Group Co., Ltd. | | | 3,000 | | | | 8,908 | |
Hengan International Group Co., Ltd. | | | 1,500 | | | | 16,292 | |
Huaneng Power International, Inc., Class H | | | 6,000 | | | | 5,371 | |
Industrial & Commercial Bank of China, Ltd., Class H | | | 70,000 | | | | 42,173 | |
Inner Mongolia Yitai Coal Co., Ltd., Class B | | | 2,500 | | | | 2,975 | |
Jiangsu Expressway Co., Ltd., Class H | | | 4,000 | | | | 5,105 | |
Jiangxi Copper Co., Ltd., Class H | | | 2,000 | | | | 3,470 | |
Kingboard Chemical Holdings, Ltd. | | | 2,500 | | | | 5,513 | |
Kunlun Energy Co., Ltd. | | | 4,000 | | | | 7,140 | |
Lee & Man Paper Manufacturing, Ltd. | | | 8,000 | | | | 4,792 | |
Lenovo Group, Ltd. | | | 6,000 | | | | 6,405 | |
Longfor Properties Co., Ltd. | | | 3,000 | | | | 4,144 | |
Mindray Medical International, Ltd. ADR | | | 200 | | | | 6,988 | |
NetEase.com, Inc. ADR | | | 100 | | | | 6,917 | |
New Oriental Education & Technology Group, Inc. ADR | | | 290 | | | | 8,074 | |
Nine Dragons Paper Holdings, Ltd. | | | 7,000 | | | | 5,352 | |
PetroChina Co., Ltd., Class H | | | 30,000 | | | | 31,607 | |
PICC Property & Casualty Co., Ltd., Class H | | | 4,000 | | | | 5,480 | |
Ping An Insurance (Group) Co. of China, Ltd., Class H | | | 1,500 | | | | 12,228 | |
Semiconductor Manufacturing International Corp.(1) | | | 60,000 | | | | 5,190 | |
Shandong Weigao Group Medical Polymer Co., Ltd., Class H | | | 4,000 | | | | 5,126 | |
Shanghai Industrial Holdings, Ltd. | | | 2,000 | | | | 6,826 | |
| | | | |
| | 6 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Portfolio of Investments (Unaudited) — continued
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
China (continued) | |
Shanghai Pharmaceuticals Holding Co., Ltd., Class H | | | 2,600 | | | $ | 6,758 | |
Shimao Property Holdings, Ltd. | | | 2,000 | | | | 4,024 | |
Sihuan Pharmaceutical Holdings Group, Ltd. | | | 7,000 | | | | 8,412 | |
SINA Corp.(1) | | | 100 | | | | 6,833 | |
Sino Biopharmaceutical, Ltd. | | | 8,000 | | | | 7,474 | |
Sino-Ocean Land Holdings, Ltd. | | | 8,500 | | | | 4,519 | |
Sinopec Shanghai Petrochemical Co., Ltd., Class H | | | 21,000 | | | | 6,236 | |
Sinopharm Group Co., Ltd., Class H | | | 2,000 | | | | 5,573 | |
Sohu.com, Inc.(1) | | | 100 | | | | 8,499 | |
Sun Art Retail Group, Ltd. | | | 4,500 | | | | 5,115 | |
Tencent Holdings, Ltd. | | | 1,000 | | | | 80,296 | |
Tingyi (Cayman Islands) Holding Corp. | | | 4,000 | | | | 11,201 | |
Tsingtao Brewery Co., Ltd., Class H | | | 1,000 | | | | 7,491 | |
Want Want China Holdings, Ltd. | | | 12,000 | | | | 18,273 | |
Weichai Power Co., Ltd., Class H | | | 1,000 | | | | 3,802 | |
WuXi PharmaTech (Cayman), Inc. ADR(1) | | | 200 | | | | 7,692 | |
Xinyi Glass Holdings, Ltd. | | | 6,000 | | | | 5,344 | |
Xinyi Solar Holdings, Ltd.(1) | | | 6,000 | | | | 1,693 | |
Yangzijiang Shipbuilding Holdings, Ltd. | | | 7,000 | | | | 6,276 | |
Yanzhou Coal Mining Co., Ltd., Class H | | | 4,000 | | | | 2,834 | |
Yuexiu Property Co., Ltd. | | | 18,000 | | | | 3,720 | |
Zhejiang Expressway Co., Ltd., Class H | | | 6,000 | | | | 5,218 | |
Zijin Mining Group Co., Ltd., Class H | | | 20,000 | | | | 4,349 | |
| |
| | | | | | $ | 1,069,857 | |
| |
|
Colombia — 1.6% | |
Almacenes Exito SA | | | 1,060 | | | $ | 13,066 | |
Banco de Bogota | | | 316 | | | | 10,499 | |
Bancolombia SA ADR, PFC Shares | | | 340 | | | | 17,170 | |
Cementos Argos SA | | | 1,910 | | | | 8,588 | |
Corporacion Financiera Colombiana SA | | | 500 | | | | 8,641 | |
Ecopetrol SA ADR | | | 660 | | | | 22,658 | |
Empresa de Energia de Bogota SA | | | 12,100 | | | | 8,339 | |
Grupo Argos SA | | | 800 | | | | 7,304 | |
Grupo Aval Acciones y Valores SA | | | 15,110 | | | | 8,862 | |
Grupo Aval Acciones y Valores SA, PFC Shares | | | 14,800 | | | | 8,753 | |
Grupo de Inversiones Suramericana | | | 540 | | | | 8,757 | |
Grupo Nutresa SA | | | 1,210 | | | | 14,288 | |
Interconexion Electrica SA | | | 2,300 | | | | 8,544 | |
ISAGEN SA ESP | | | 6,400 | | | | 9,259 | |
| |
| | | | | | $ | 154,728 | |
| |
|
Czech Republic — 1.9% | |
CEZ AS | | | 2,400 | | | $ | 64,670 | |
Komercni Banka AS | | | 300 | | | | 72,659 | |
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
Czech Republic (continued) | |
Pegas Nonwovens SA | | | 400 | | | $ | 12,351 | |
Telefonica 02 Czech Republic AS | | | 1,800 | | | | 27,376 | |
Unipetrol AS(1) | | | 1,100 | | | | 7,779 | |
| |
| | | | | | $ | 184,835 | |
| |
|
Greece — 2.4% | |
Alpha Bank AE(1) | | | 16,107 | | | $ | 16,249 | |
Diana Shipping, Inc.(1) | | | 830 | | | | 10,807 | |
Ellaktor SA(1) | | | 4,796 | | | | 25,627 | |
Hellenic Petroleum SA | | | 1,050 | | | | 10,123 | |
Hellenic Telecommunications Organization SA(1) | | | 1,860 | | | | 32,542 | |
JUMBO SA(1) | | | 1,189 | | | | 22,524 | |
Motor Oil (Hellas) Corinth Refineries SA | | | 972 | | | | 12,721 | |
National Bank of Greece SA(1) | | | 2,716 | | | | 13,269 | |
OPAP SA | | | 2,143 | | | | 33,658 | |
Piraeus Bank SA(1) | | | 8,625 | | | | 23,667 | |
Public Power Corp. SA | | | 930 | | | | 14,831 | |
Titan Cement Co. SA(1) | | | 715 | | | | 23,085 | |
| |
| | | | | | $ | 239,103 | |
| |
|
Hungary — 1.7% | |
Magyar Telekom Rt. | | | 13,800 | | | $ | 20,572 | |
MOL Hungarian Oil & Gas Rt. | | | 700 | | | | 41,100 | |
OTP Bank Rt. | | | 2,900 | | | | 51,459 | |
Richter Gedeon Nyrt. | | | 3,000 | | | | 53,305 | |
| |
| | | | | | $ | 166,436 | |
| |
|
India — 1.5% | |
Infosys, Ltd. ADR | | | 1,310 | | | $ | 80,788 | |
Mahindra & Mahindra, Ltd. GDR | | | 770 | | | | 12,012 | |
Reliance Industries, Ltd. GDR(2) | | | 1,830 | | | | 47,251 | |
State Bank of India GDR(3) | | | 170 | | | | 8,493 | |
| |
| | | | | | $ | 148,544 | |
| |
|
Indonesia — 3.8% | |
Adaro Energy Tbk PT | | | 89,500 | | | $ | 7,699 | |
AKR Corporindo Tbk PT | | | 14,000 | | | | 5,516 | |
Aneka Tambang Tbk PT | | | 40,500 | | | | 3,633 | |
Astra International Tbk PT | | | 51,000 | | | | 30,618 | |
Bank Central Asia Tbk PT | | | 41,000 | | | | 36,230 | |
Bank Danamon Indonesia Tbk PT | | | 14,000 | | | | 4,932 | |
Bank Mandiri Tbk PT | | | 23,500 | | | | 18,499 | |
Bank Negara Indonesia Persero Tbk PT | | | 22,000 | | | | 8,656 | |
Bank Rakyat Indonesia Tbk PT | | | 27,000 | | | | 21,654 | |
Bhakti Investama Tbk PT | | | 214,500 | | | | 6,019 | |
| | | | |
| | 7 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Portfolio of Investments (Unaudited) — continued
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
Indonesia (continued) | |
Bumi Resources Tbk PT(1) | | | 116,500 | | | $ | 3,270 | |
Bumi Serpong Damai Tbk PT | | | 38,500 | | | | 5,117 | |
Charoen Pokphand Indonesia Tbk PT | | | 23,500 | | | | 8,605 | |
Global Mediacom Tbk PT | | | 29,500 | | | | 5,567 | |
Gudang Garam Tbk PT | | | 1,500 | | | | 6,180 | |
Indo Tambangraya Megah Tbk PT | | | 2,000 | | | | 4,491 | |
Indocement Tunggal Prakarsa Tbk PT | | | 7,000 | | | | 13,581 | |
Indofood CBP Sukses Makmur Tbk PT | | | 5,500 | | | | 5,307 | |
Indofood Sukses Makmur Tbk PT | | | 14,500 | | | | 8,989 | |
Jasa Marga (Persero) Tbk PT | | | 10,000 | | | | 4,643 | |
Kalbe Farma Tbk PT | | | 67,500 | | | | 8,439 | |
Lippo Karawaci Tbk PT | | | 62,500 | | | | 5,074 | |
Medco Energi Internasional Tbk PT | | | 21,000 | | | | 4,612 | |
Media Nusantara Citra Tbk PT | | | 19,000 | | | | 4,166 | |
Pembangunan Perumahan Persero Tbk PT | | | 50,500 | | | | 6,135 | |
Perusahaan Gas Negara Tbk PT | | | 39,500 | | | | 16,725 | |
Semen Gresik (Persero) Tbk PT | | | 15,500 | | | | 20,088 | |
Summarecon Agung Tbk PT | | | 62,500 | | | | 5,429 | |
Surya Semesta Internusa Tbk PT | | | 78,000 | | | | 5,437 | |
Tambang Batubara Bukit Asam Tbk PT | | | 5,000 | | | | 4,136 | |
Telekomunikasi Indonesia Tbk PT | | | 168,500 | | | | 33,739 | |
Tower Bersama Infrastructure Tbk PT(1) | | | 10,000 | | | | 5,386 | |
Trada Maritime Tbk PT(1) | | | 37,000 | | | | 5,617 | |
Unilever Indonesia Tbk PT | | | 3,500 | | | | 8,649 | |
United Tractors Tbk PT | | | 9,000 | | | | 14,759 | |
Vale Indonesia Tbk PT | | | 22,500 | | | | 4,641 | |
Wijaya Karya Persero Tbk PT | | | 30,000 | | | | 5,565 | |
XL Axiata Tbk PT | | | 13,500 | | | | 5,415 | |
| |
| | | | | | $ | 373,218 | |
| |
|
Kuwait — 1.8% | |
Al-Qurain Petrochemicals Co. | | | 25,000 | | | $ | 20,412 | |
Gulf Bank(1) | | | 15,000 | | | | 19,180 | |
Kuwait Finance House KSC | | | 7,000 | | | | 20,955 | |
Kuwait Foods Co. (Americana) | | | 2,500 | | | | 22,187 | |
Mabanee Co. SAKC | | | 5,000 | | | | 20,241 | |
Mobile Telecommunications Co. | | | 8,000 | | | | 18,259 | |
National Bank of Kuwait SAK | | | 10,000 | | | | 34,790 | |
National Industries Group Holding(1) | | | 22,000 | | | | 18,642 | |
| |
| | | | | | $ | 174,666 | |
| |
|
Malaysia — 3.7% | |
AMMB Holdings Bhd | | | 2,300 | | | $ | 5,084 | |
Astro Malaysia Holdings Bhd | | | 5,400 | | | | 5,211 | |
Axiata Group Bhd | | | 6,900 | | | | 13,803 | |
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
Malaysia (continued) | |
Berjaya Sports Toto Bhd | | | 3,800 | | | $ | 4,431 | |
British American Tobacco Malaysia Bhd | | | 400 | | | | 7,329 | |
Bumi Armada Bhd(1) | | | 7,100 | | | | 8,459 | |
CIMB Group Holdings Bhd | | | 4,700 | | | | 10,279 | |
Dialog Group Bhd | | | 8,600 | | | | 8,908 | |
Digi.com Bhd | | | 5,200 | | | | 8,179 | |
Felda Global Ventures Holdings Bhd | | | 3,700 | | | | 5,196 | |
Gamuda Bhd | | | 8,000 | | | | 11,046 | |
Genting Bhd | | | 3,800 | | | | 11,728 | |
HAP Seng Consolidated Bhd | | | 7,000 | | | | 6,434 | |
Hong Leong Bank Bhd | | | 1,100 | | | | 4,763 | |
Hong Leong Financial Group Bhd | | | 1,100 | | | | 5,310 | |
IHH Healthcare Bhd(1) | | | 3,800 | | | | 4,460 | |
IJM Corp. Bhd | | | 5,100 | | | | 8,993 | |
IOI Corp. Bhd | | | 5,000 | | | | 7,037 | |
IOI Properties Group Bhd(1) | | | 2,499 | | | | 1,983 | |
KLCC Property Holdings Bhd | | | 2,500 | | | | 4,689 | |
Kuala Lumpur Kepong Bhd | | | 800 | | | | 5,859 | |
Lafarge Malayan Cement Bhd | | | 2,700 | | | | 7,205 | |
Malayan Banking Bhd | | | 5,000 | | | | 14,937 | |
Malaysia Marine and Heavy Engineering Holdings Bhd | | | 4,200 | | | | 4,582 | |
Maxis Bhd | | | 3,300 | | | | 7,022 | |
MISC Bhd(1) | | | 3,100 | | | | 6,014 | |
Multi-Purpose Holdings Bhd | | | 4,900 | | | | 4,625 | |
Parkson Holdings Bhd | | | 4,200 | | | | 3,540 | |
Petronas Chemicals Group Bhd | | | 9,700 | | | | 19,994 | |
Petronas Dagangan Bhd | | | 1,400 | | | | 13,113 | |
Petronas Gas Bhd | | | 800 | | | | 5,767 | |
PPB Group Bhd | | | 1,100 | | | | 5,352 | |
Public Bank Bhd | | | 2,700 | | | | 15,708 | |
Resorts World Bhd | | | 5,200 | | | | 6,910 | |
RHB Capital Bhd | | | 2,000 | | | | 5,009 | |
Sapurakencana Petroleum Bhd(1) | | | 14,300 | | | | 19,366 | |
Sime Darby Bhd | | | 10,100 | | | | 28,098 | |
Telekom Malaysia Bhd | | | 3,200 | | | | 5,538 | |
Tenaga Nasional Bhd | | | 4,200 | | | | 15,391 | |
Top Glove Corp. Bhd | | | 2,600 | | | | 4,584 | |
UEM Land Holdings Bhd | | | 6,200 | | | | 4,171 | |
UMW Holdings Bhd | | | 1,300 | | | | 4,687 | |
YTL Corp. Bhd | | | 10,500 | | | | 5,067 | |
YTL Power International Bhd(1) | | | 9,100 | | | | 4,725 | |
| |
| | | | | | $ | 360,586 | |
| |
|
Mexico — 6.8% | |
Alfa SAB de CV, Series A | | | 16,517 | | | $ | 39,820 | |
America Movil SAB de CV ADR, Series L | | | 5,900 | | | | 114,283 | |
| | | | |
| | 8 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Portfolio of Investments (Unaudited) — continued
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
Mexico (continued) | |
Bolsa Mexicana de Valores SAB de CV | | | 3,200 | | | $ | 5,792 | |
Cemex SAB de CV ADR(1) | | | 5,150 | | | | 67,362 | |
Coca Cola Femsa SAB de CV ADR | | | 140 | | | | 13,576 | |
Compartamos SAB de CV | | | 4,100 | | | | 6,969 | |
El Puerto de Liverpool SAB de CV | | | 1,270 | | | | 13,223 | |
Embotelladoras Arca SAB de CV | | | 2,500 | | | | 13,099 | |
Empresas ICA SAB de CV(1) | | | 4,500 | | | | 7,371 | |
Fibra Uno Administracion SA de CV | | | 5,700 | | | | 17,967 | |
Fomento Economico Mexicano SA de CV ADR | | | 500 | | | | 42,810 | |
Grupo Aeroportuario del Sureste SAB de CV, Class B | | | 1,290 | | | | 14,349 | |
Grupo Bimbo SA de CV, Series A | | | 6,800 | | | | 17,732 | |
Grupo Carso SA de CV, Series A1 | | | 2,700 | | | | 14,198 | |
Grupo Elektra SA de CV | | | 260 | | | | 7,426 | |
Grupo Financiero Banorte SAB de CV, Class O | | | 9,200 | | | | 59,561 | |
Grupo Financiero Inbursa SAB de CV, Class O | | | 10,400 | | | | 25,003 | |
Grupo Financiero Santander Mexico SAB de CV | | | 8,000 | | | | 17,706 | |
Grupo Mexico SAB de CV, Series B | | | 10,400 | | | | 31,841 | |
Grupo Televisa SA ADR | | | 1,000 | | | | 29,410 | |
Impulsora del Desarrollo y el Empleo en America Latina SA de CV, Series B1(1) | | | 4,800 | | | | 10,859 | |
Industrias Penoles SA de CV | | | 590 | | | | 14,252 | |
Kimberly-Clark de Mexico SAB de CV, Class A | | | 5,100 | | | | 12,345 | |
Mexichem SAB de CV | | | 4,100 | | | | 13,326 | |
Minera Frisco SAB de CV(1) | | | 3,600 | | | | 6,176 | |
Promotora y Operadora de Infraestructura SAB de CV(1) | | | 1,500 | | | | 19,399 | |
Wal-Mart de Mexico SAB de CV, Series V | | | 13,600 | | | | 28,716 | |
| |
| | | | | | $ | 664,571 | |
| |
|
Peru — 1.8% | |
Alicorp SA | | | 9,000 | | | $ | 27,888 | |
Cia de Minas Buenaventura SA ADR | | | 1,000 | | | | 12,600 | |
Credicorp, Ltd. | | | 320 | | | | 41,568 | |
Ferreycorp SAA | | | 12,500 | | | | 7,505 | |
Grana y Montero SA | | | 5,300 | | | | 20,363 | |
Intergroup Financial Services Corp. | | | 240 | | | | 7,620 | |
Luz del Sur SAA | | | 2,800 | | | | 9,187 | |
Southern Copper Corp. | | | 1,075 | | | | 32,798 | |
Union Andina de Cementos SAA | | | 6,000 | | | | 7,162 | |
Volcan Cia Minera SA, Class B | | | 16,000 | | | | 6,748 | |
| |
| | | | | | $ | 173,439 | |
| |
|
Philippines — 1.9% | |
Aboitiz Equity Ventures, Inc. | | | 8,900 | | | $ | 11,782 | |
Alliance Global Group, Inc. | | | 16,900 | | | | 11,402 | |
Ayala Corp. | | | 710 | | | | 9,181 | |
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
Philippines (continued) | |
Ayala Land, Inc. | | | 16,000 | | | $ | 10,978 | |
Bank of the Philippine Islands(1) | | | 4,747 | | | | 9,615 | |
BDO Unibank, Inc. | | | 5,410 | | | | 10,199 | |
International Container Terminal Services, Inc. | | | 4,940 | | | | 10,750 | |
Jollibee Foods Corp. | | | 2,760 | | | | 10,590 | |
Metropolitan Bank & Trust Co. | | | 2,340 | | | | 4,307 | |
Petron Corp. | | | 33,700 | | | | 10,380 | |
Philippine Long Distance Telephone Co. | | | 340 | | | | 20,599 | |
Puregold Price Club, Inc. | | | 10,600 | | | | 11,103 | |
Semirara Mining Corp. | | | 1,750 | | | | 14,477 | |
SM Investments Corp. | | | 800 | | | | 12,459 | |
SM Prime Holdings, Inc. | | | 24,800 | | | | 8,140 | |
Universal Robina Corp. | | | 4,780 | | | | 15,027 | |
| |
| | | | | | $ | 180,989 | |
| |
|
Poland — 4.1% | |
Asseco Poland SA | | | 1,570 | | | $ | 25,731 | |
Bank Handlowy w Warszawie SA | | | 220 | | | | 8,388 | |
Bank Millennium SA(1) | | | 3,150 | | | | 9,504 | |
Bank Pekao SA | | | 530 | | | | 33,886 | |
Bank Zachodni WBK SA | | | 55 | | | | 7,648 | |
BRE Bank SA | | | 70 | | | | 12,642 | |
Cyfrowy Polsat SA(1) | | | 1,700 | | | | 11,407 | |
Eurocash SA | | | 1,060 | | | | 13,954 | |
Getin Noble Bank SA(1) | | | 6,750 | | | | 7,585 | |
Grupa Azoty SA | | | 200 | | | | 3,816 | |
Jastrzebska Spolka Weglowa SA | | | 190 | | | | 3,245 | |
KGHM Polska Miedz SA | | | 490 | | | | 18,980 | |
LPP SA | | | 10 | | | | 33,189 | |
Lubelski Wegiel Bogdanka SA | | | 140 | | | | 5,875 | |
NG2 SA | | | 180 | | | | 7,843 | |
Polish Oil & Gas | | | 5,950 | | | | 10,059 | |
Polska Grupa Energetyczna SA | | | 5,970 | | | | 36,443 | |
Polski Koncern Naftowy Orlen SA | | | 1,100 | | | | 15,917 | |
Powszechna Kasa Oszczednosci Bank Polski SA | | | 3,370 | | | | 49,319 | |
Powszechny Zaklad Ubezpieczen SA | | | 230 | | | | 33,612 | |
Synthos SA | | | 3,160 | | | | 5,604 | |
Tauron Polska Energia SA | | | 10,610 | | | | 16,934 | |
Telekomunikacja Polska SA | | | 6,660 | | | | 22,325 | |
TVN SA | | | 1,340 | | | | 7,112 | |
| |
| | | | | | $ | 401,018 | |
| |
|
Qatar — 1.8% | |
Doha Bank, Ltd. | | | 1,370 | | | $ | 25,232 | |
Industries Qatar | | | 490 | | | | 26,470 | |
| | | | |
| | 9 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Portfolio of Investments (Unaudited) — continued
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
Qatar (continued) | |
Masraf Al Rayan | | | 2,100 | | | $ | 22,488 | |
Qatar Electricity & Water Co. | | | 528 | | | | 25,162 | |
Qatar Gas Transport Co., Ltd. (NAKILAT) | | | 4,990 | | | | 29,805 | |
Qatar Islamic Bank | | | 1,120 | | | | 23,318 | |
Qatar Telecom QSC | | | 560 | | | | 23,099 | |
| |
| | | | | | $ | 175,574 | |
| |
|
Russia — 6.6% | |
Federal Hydrogenerating Co. JSC ADR | | | 7,620 | | | $ | 11,491 | |
Globaltrans Investment PLC GDR(3) | | | 780 | | | | 10,132 | |
LUKOIL OAO ADR | | | 1,050 | | | | 57,120 | |
Magnit OJSC | | | 280 | | | | 68,253 | |
Mail.ru Group, Ltd. GDR(3) | | | 270 | | | | 11,460 | |
MegaFon OAO GDR(3) | | | 510 | | | | 14,771 | |
MMC Norilsk Nickel ADR | | | 1,300 | | | | 22,034 | |
Mobile TeleSystems OJSC | | | 4,620 | | | | 35,406 | |
NovaTek OAO GDR(3) | | | 170 | | | | 21,469 | |
OAO Gazprom ADR | | | 12,080 | | | | 92,861 | |
PIK Group GDR(3) | | | 3,900 | | | | 8,459 | |
Polymetal International PLC | | | 500 | | | | 5,302 | |
Polyus Gold International, Ltd. | | | 1,760 | | | | 5,761 | |
Rosneft Oil Co. GDR(3) | | | 2,470 | | | | 16,649 | |
Sberbank of Russia ADR | | | 8,250 | | | | 84,910 | |
Sistema JSFC | | | 20,540 | | | | 23,449 | |
Surgutneftegas OJSC ADR | | | 2,220 | | | | 16,852 | |
Surgutneftegas OJSC, PFC Shares | | | 19,130 | | | | 14,291 | |
Tatneft ADR | | | 570 | | | | 20,540 | |
Uralkali OJSC GDR(3) | | | 810 | | | | 18,377 | |
VimpelCom, Ltd. ADR | | | 1,300 | | | | 13,208 | |
VTB Bank OJSC GDR(3) | | | 8,870 | | | | 20,392 | |
X5 Retail Group NV GDR(1)(3) | | | 770 | | | | 13,668 | |
Yandex NV, Class A(1) | | | 1,100 | | | | 41,250 | |
| |
| | | | | | $ | 648,105 | |
| |
|
South Africa — 7.1% | |
AECI, Ltd. | | | 410 | | | $ | 4,977 | |
African Rainbow Minerals, Ltd. | | | 280 | | | | 5,682 | |
Anglo Platinum, Ltd.(1) | | | 150 | | | | 6,390 | |
AngloGold Ashanti, Ltd. | | | 920 | | | | 16,206 | |
Aspen Pharmacare Holdings, Ltd. | | | 560 | | | | 14,165 | |
Assore, Ltd. | | | 120 | | | | 4,818 | |
AVI, Ltd. | | | 840 | | | | 3,997 | |
Barclays Africa Group, Ltd. | | | 710 | | | | 8,740 | |
Barloworld, Ltd. | | | 1,160 | | | | 11,565 | |
Bidvest Group, Ltd. | | | 1,270 | | | | 29,838 | |
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
South Africa (continued) | |
Capital Property Fund | | | 4,670 | | | $ | 4,283 | |
Coronation Fund Managers, Ltd. | | | 730 | | | | 5,962 | |
DataTec, Ltd. | | | 1,300 | | | | 5,679 | |
Discovery Holdings, Ltd. | | | 820 | | | | 6,048 | |
FirstRand, Ltd. | | | 4,690 | | | | 14,865 | |
Foschini, Ltd. | | | 460 | | | | 3,813 | |
Gold Fields, Ltd. | | | 1,860 | | | | 7,052 | |
Grindrod, Ltd. | | | 2,010 | | | | 4,804 | |
Growthpoint Properties, Ltd. | | | 2,780 | | | | 6,050 | |
Hosken Consolidated Investments, Ltd. | | | 500 | | | | 6,498 | |
Impala Platinum Holdings, Ltd. | | | 1,260 | | | | 13,285 | |
Imperial Holdings, Ltd. | | | 400 | | | | 6,278 | |
Investec, Ltd. | | | 760 | | | | 5,593 | |
Kumba Iron Ore, Ltd. | | | 150 | | | | 6,193 | |
Kumba Resources, Ltd. | | | 370 | | | | 4,916 | |
Life Healthcare Group Holdings, Ltd. | | | 2,100 | | | | 7,356 | |
Massmart Holdings, Ltd. | | | 280 | | | | 3,156 | |
Mediclinic International, Ltd. | | | 680 | | | | 4,238 | |
MMI Holdings, Ltd. | | | 2,370 | | | | 5,037 | |
Mondi, Ltd. | | | 330 | | | | 5,916 | |
Mr. Price Group, Ltd. | | | 420 | | | | 5,822 | |
MTN Group, Ltd. | | | 6,420 | | | | 117,273 | |
Murray & Roberts Holdings, Ltd.(1) | | | 2,770 | | | | 6,437 | |
Nampak, Ltd. | | | 1,560 | | | | 5,349 | |
Naspers, Ltd., Class N | | | 780 | | | | 93,697 | |
Nedbank Group, Ltd. | | | 390 | | | | 7,629 | |
Netcare, Ltd. | | | 2,470 | | | | 5,164 | |
PPC, Ltd. | | | 1,620 | | | | 4,426 | |
Redefine Properties, Ltd. | | | 6,150 | | | | 5,392 | |
Remgro, Ltd. | | | 860 | | | | 14,844 | |
Reunert, Ltd. | | | 1,110 | | | | 6,513 | |
RMB Holdings, Ltd. | | | 1,540 | | | | 6,832 | |
RMI Holdings | | | 1,790 | | | | 4,468 | |
Sanlam, Ltd. | | | 3,380 | | | | 16,587 | |
Sasol, Ltd. | | | 1,120 | | | | 56,866 | |
Shoprite Holdings, Ltd. | | | 690 | | | | 9,016 | |
Spar Group, Ltd. | | | 390 | | | | 4,105 | |
Standard Bank Group, Ltd. | | | 2,250 | | | | 25,717 | |
Steinhoff International Holdings, Ltd. | | | 3,060 | | | | 14,728 | |
Tiger Brands, Ltd. | | | 360 | | | | 8,168 | |
Trencor, Ltd. | | | 730 | | | | 4,781 | |
Truworths International, Ltd. | | | 910 | | | | 5,795 | |
Vodacom Group (Pty), Ltd. | | | 1,240 | | | | 13,767 | |
Wilson Bayly Holmes-Ovcon, Ltd. | | | 480 | | | | 5,895 | |
Woolworths Holdings, Ltd. | | | 1,220 | | | | 7,221 | |
| |
| | | | | | $ | 689,892 | |
| |
| | | | |
| | 10 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Portfolio of Investments (Unaudited) — continued
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
South Korea — 7.3% | |
BS Financial Group, Inc. | | | 440 | | | $ | 6,561 | |
Cheil Industries, Inc. | | | 100 | | | | 6,461 | |
E-Mart Co., Ltd. | | | 50 | | | | 11,905 | |
GS Holdings Corp. | | | 190 | | | | 8,833 | |
Hana Financial Group, Inc. | | | 470 | | | | 18,386 | |
Hanwha Chemical Corp. | | | 360 | | | | 7,101 | |
Hanwha Corp. | | | 150 | | | | 5,066 | |
Honam Petrochemical Corp. | | | 30 | | | | 5,718 | |
Hynix Semiconductor, Inc.(1) | | | 550 | | | | 19,998 | |
Hyosung Corp. | | | 80 | | | | 5,461 | |
Hyundai Engineering & Construction Co., Ltd. | | | 120 | | | | 6,576 | |
Hyundai Glovis Co., Ltd. | | | 60 | | | | 13,187 | |
Hyundai Heavy Industries Co., Ltd. | | | 50 | | | | 10,306 | |
Hyundai Mobis | | | 70 | | | | 20,556 | |
Hyundai Motor Co. | | | 170 | | | | 39,058 | |
Hyundai Steel Co. | | | 120 | | | | 7,657 | |
Industrial Bank of Korea | | | 490 | | | | 6,251 | |
KB Financial Group, Inc. | | | 600 | | | | 22,434 | |
Kia Motors Corp. | | | 300 | | | | 15,587 | |
Korea Electric Power Corp. | | | 630 | | | | 21,836 | |
Korea Investment Holdings Co., Ltd. | | | 130 | | | | 4,692 | |
Korea Zinc Co., Ltd. | | | 30 | | | | 9,558 | |
KT Corp. | | | 360 | | | | 10,233 | |
KT&G Corp. | | | 180 | | | | 13,184 | |
LG Chem, Ltd. | | | 70 | | | | 16,723 | |
LG Corp. | | | 160 | | | | 8,403 | |
LG Display Co., Ltd.(1) | | | 330 | | | | 7,529 | |
LG Electronics, Inc. | | | 200 | | | | 11,425 | |
LG Household & Health Care, Ltd. | | | 20 | | | | 8,574 | |
Lotte Shopping Co., Ltd. | | | 30 | | | | 9,494 | |
Macquarie Korea Infrastructure Fund | | | 930 | | | | 5,411 | |
Naver Corp. | | | 30 | | | | 22,937 | |
OCI Co., Ltd. | | | 40 | | | | 7,774 | |
POSCO | | | 120 | | | | 31,918 | |
S-Oil Corp. | | | 90 | | | | 5,521 | |
Samsung C&T Corp. | | | 170 | | | | 10,033 | |
Samsung Electro-Mechanics Co., Ltd. | | | 100 | | | | 6,361 | |
Samsung Electronics Co., Ltd. | | | 105 | | | | 133,014 | |
Samsung Fire & Marine Insurance Co., Ltd. | | | 60 | | | | 13,254 | |
Samsung Heavy Industries Co., Ltd. | | | 230 | | | | 6,888 | |
Samsung Life Insurance Co., Ltd. | | | 230 | | | | 21,778 | |
Samsung SDI Co., Ltd. | | | 50 | | | | 7,023 | |
Samsung Securities Co., Ltd. | | | 150 | | | | 5,575 | |
Shinhan Financial Group Co., Ltd. | | | 710 | | | | 29,627 | |
SK Holdings Co., Ltd. | | | 40 | | | | 7,225 | |
SK Innovation Co., Ltd. | | | 100 | | | | 12,527 | |
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
South Korea (continued) | |
SK Telecom Co., Ltd. | | | 100 | | | $ | 20,349 | |
Woori Finance Holdings Co., Ltd.(1) | | | 710 | | | | 8,033 | |
| |
| | | | | | $ | 714,001 | |
| |
|
Taiwan — 7.4% | |
Advanced Semiconductor Engineering, Inc. | | | 12,000 | | | $ | 11,932 | |
Asia Cement Corp. | | | 7,000 | | | | 8,860 | |
Asustek Computer, Inc. | | | 1,000 | | | | 9,639 | |
AU Optronics Corp.(1) | | | 25,000 | | | | 8,515 | |
Catcher Technology Co., Ltd. | | | 2,000 | | | | 14,574 | |
Cathay Financial Holding Co., Ltd. | | | 10,677 | | | | 15,843 | |
Chailease Holding Co., Ltd. | | | 2,000 | | | | 4,955 | |
Chang Hwa Commercial Bank | | | 9,000 | | | | 5,299 | |
Cheng Shin Rubber Industry Co., Ltd. | | | 6,000 | | | | 15,673 | |
Chimei Innolux Corp.(1) | | | 21,000 | | | | 7,525 | |
China Development Financial Holding Corp. | | | 23,000 | | | | 6,703 | |
China Life Insurance Co., Ltd. | | | 5,700 | | | | 5,439 | |
China Steel Corp. | | | 24,000 | | | | 20,385 | |
Chunghwa Telecom Co., Ltd. | | | 10,000 | | | | 30,400 | |
Compal Electronics, Inc. | | | 13,000 | | | | 8,795 | |
CTBC Financial Holding Co., Ltd. | | | 20,000 | | | | 12,939 | |
Delta Electronics, Inc. | | | 3,000 | | | | 16,779 | |
E.Sun Financial Holding Co., Ltd. | | | 9,000 | | | | 5,679 | |
Far Eastern New Century Corp. | | | 9,000 | | | | 9,492 | |
Far EasTone Telecommunications Co., Ltd. | | | 6,000 | | | | 12,152 | |
First Financial Holding Co., Ltd. | | | 11,000 | | | | 6,562 | |
Formosa Chemicals & Fibre Corp. | | | 7,000 | | | | 17,892 | |
Formosa Petrochemical Corp. | | | 4,000 | | | | 10,268 | |
Formosa Plastics Corp. | | | 9,000 | | | | 22,950 | |
Fubon Financial Holding Co., Ltd. | | | 10,000 | | | | 14,046 | |
Giant Manufacturing Co., Ltd. | | | 2,000 | | | | 13,669 | |
Hon Hai Precision Industry Co., Ltd. | | | 13,000 | | | | 36,204 | |
Hotai Motor Co., Ltd. | | | 1,000 | | | | 12,288 | |
HTC Corp. | | | 2,000 | | | | 8,999 | |
Hua Nan Financial Holdings Co., Ltd. | | | 11,000 | | | | 6,334 | |
Inventec Co., Ltd. | | | 10,000 | | | | 10,588 | |
Kenda Rubber Industrial Co., Ltd. | | | 3,000 | | | | 7,310 | |
Lite-On Technology Corp. | | | 6,000 | | | | 8,860 | |
MediaTek, Inc. | | | 2,000 | | | | 29,484 | |
Mega Financial Holding Co., Ltd. | | | 11,875 | | | | 9,501 | |
Merida Industry Co., Ltd. | | | 2,000 | | | | 13,458 | |
Nan Ya Plastics Corp. | | | 11,000 | | | | 23,666 | |
Pou Chen Corp. | | | 11,000 | | | | 14,762 | |
President Chain Store Corp. | | | 2,000 | | | | 12,432 | |
Quanta Computer, Inc. | | | 6,000 | | | | 14,804 | |
Ruentex Industries, Ltd. | | | 2,190 | | | | 5,184 | |
| | | | |
| | 11 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Portfolio of Investments (Unaudited) — continued
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
Taiwan (continued) | |
Shin Kong Financial Holding Co., Ltd. | | | 15,000 | | | $ | 4,970 | |
Siliconware Precision Industries Co., Ltd. | | | 8,000 | | | | 10,108 | |
SinoPac Financial Holdings Co., Ltd. | | | 13,000 | | | | 6,268 | |
Taishin Financial Holdings Co., Ltd. | | | 12,000 | | | | 5,665 | |
Taiwan Cement Corp. | | | 8,000 | | | | 12,792 | |
Taiwan Cooperative Financial Holding Co., Ltd. | | | 10,000 | | | | 5,420 | |
Taiwan Fertilizer Co., Ltd. | | | 2,000 | | | | 4,300 | |
Taiwan Mobile Co., Ltd. | | | 5,000 | | | | 15,045 | |
Taiwan Semiconductor Manufacturing Co., Ltd. | | | 22,000 | | | | 79,361 | |
Uni-President Enterprises Corp. | | | 13,000 | | | | 21,741 | |
United Microelectronics Corp. | | | 26,000 | | | | 10,587 | |
Yuanta Financial Holding Co., Ltd. | | | 15,000 | | | | 7,897 | |
Yulon Motor Co., Ltd. | | | 6,000 | | | | 10,260 | |
| |
| | | | | | $ | 725,253 | |
| |
|
Thailand — 3.7% | |
Advanced Info Service PCL(4) | | | 5,400 | | | $ | 35,012 | |
Airports of Thailand PCL(4) | | | 1,700 | | | | 9,796 | |
Bangkok Bank PCL(4) | | | 1,500 | | | | 7,899 | |
Bangkok Dusit Medical Services PCL(4) | | | 1,700 | | | | 6,694 | |
Bank of Ayudhya PCL(4) | | | 8,000 | | | | 8,526 | |
BEC World PCL(4) | | | 4,700 | | | | 7,291 | |
Berli Jucker PCL(4) | | | 4,800 | | | | 7,006 | |
Big C Supercenter PCL(4) | | | 1,000 | | | | 5,434 | |
BTS Group Holdings PCL(4) | | | 25,200 | | | | 6,464 | |
Central Pattana PCL(4) | | | 5,500 | | | | 6,987 | |
Charoen Pokphand Foods PCL(4) | | | 13,800 | | | | 11,553 | |
CP ALL PCL(4) | | | 16,300 | | | | 19,636 | |
Delta Electronics (Thailand) PCL(4) | | | 4,800 | | | | 7,979 | |
Glow Energy PCL(4) | | | 2,000 | | | | 4,545 | |
Hana Microelectronics PCL(4) | | | 8,200 | | | | 6,412 | |
Home Product Center PCL(4) | | | 18,667 | | | | 5,217 | |
Indorama Ventures PCL(4) | | | 9,600 | | | | 6,138 | |
IRPC PCL(4) | | | 63,400 | | | | 6,619 | |
Kasikornbank PCL(4) | | | 4,100 | | | | 21,796 | |
Krung Thai Bank PCL(4) | | | 13,500 | | | | 7,424 | |
Minor International PCL(4) | | | 9,100 | | | | 6,933 | |
PTT Exploration & Production PCL(4) | | | 4,320 | | | | 20,415 | |
PTT Global Chemical PCL(4) | | | 4,720 | | | | 10,875 | |
PTT PCL(4) | | | 2,600 | | | | 23,372 | |
Shin Corp. PCL(4) | | | 5,300 | | | | 11,931 | |
Siam Cement PCL(4) | | | 900 | | | | 11,774 | |
Siam Commercial Bank PCL(4) | | | 5,680 | | | | 26,437 | |
Sino Thai Engineering & Construction PCL(4) | | | 8,600 | | | | 4,285 | |
Thai Beverage PCL(4) | | | 40,000 | | | | 17,693 | |
Thai Oil PCL(4) | | | 2,500 | | | | 3,995 | |
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
Thailand (continued) | |
TMB Bank PCL(4) | | | 91,700 | | | $ | 6,984 | |
Total Access Communication PCL(4) | | | 2,800 | | | | 8,691 | |
True Corp. PCL(1)(4) | | | 33,411 | | | | 7,504 | |
| |
| | | | | | $ | 359,317 | |
| |
|
Turkey — 3.6% | |
Akbank TAS | | | 8,690 | | | $ | 22,387 | |
Anadolu Efes Biracilik ve Malt Sanayii AS | | | 1,210 | | | | 12,744 | |
Arcelik AS | | | 1,350 | | | | 7,214 | |
Aygaz AS | | | 750 | | | | 2,680 | |
BIM Birlesik Magazalar AS | | | 1,200 | | | | 22,225 | |
Coca-Cola Icecek AS | | | 510 | | | | 9,831 | |
Dogan Sirketler Grubu Holding AS(1) | | | 9,470 | | | | 2,953 | |
Emlak Konut Gayrimenkul Yatirim Ortakligi AS | | | 9,690 | | | | 9,877 | |
Enka Insaat ve Sanayi AS | | | 4,150 | | | | 12,511 | |
Eregli Demir ve Celik Fabrikalari TAS | | | 17,580 | | | | 19,206 | |
Ford Otomotiv Sanayi AS | | | 350 | | | | 3,085 | |
Haci Omer Sabanci Holding AS | | | 4,000 | | | | 14,107 | |
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D(1) | | | 18,170 | | | | 9,432 | |
KOC Holding AS | | | 6,350 | | | | 23,402 | |
Koza Altin Isletmeleri AS | | | 500 | | | | 4,280 | |
Petkim Petrokimya Holding AS(1) | | | 4,650 | | | | 5,204 | |
TAV Havalimanlari Holding AS | | | 1,100 | | | | 7,746 | |
Tekfen Holding AS | | | 2,900 | | | | 6,064 | |
Tofas Turk Otomobil Fabrikasi AS | | | 750 | | | | 3,602 | |
Tupras-Turkiye Petrol Rafinerileri AS | | | 1,240 | | | | 21,774 | |
Turk Hava Yollari Anonim Ortakligi (THY) AS | | | 4,970 | | | | 14,746 | |
Turk Sise ve Cam Fabrikalari AS | | | 6,350 | | | | 6,477 | |
Turk Telekomunikasyon AS | | | 3,050 | | | | 8,175 | |
Turk Traktor ve Ziraat Makineleri AS | | | 180 | | | | 4,546 | |
Turkcell Iletisim Hizmetleri AS(1) | | | 5,230 | | | | 27,166 | |
Turkiye Garanti Bankasi AS | | | 9,430 | | | | 25,764 | |
Turkiye Halk Bankasi AS | | | 2,820 | | | | 13,774 | |
Turkiye Is Bankasi | | | 6,850 | | | | 12,631 | |
Turkiye Vakiflar Bankasi TAO | | | 5,920 | | | | 8,797 | |
Ulker Gida Sanayi ve Ticaret AS | | | 520 | | | | 2,871 | |
Yapi ve Kredi Bankasi AS | | | 3,250 | | | | 4,846 | |
Yazicilar Holding AS | | | 700 | | | | 5,450 | |
| |
| | | | | | $ | 355,567 | |
| |
|
United Arab Emirates — 1.9% | |
Air Arabia (PJSC) | | | 61,500 | | | $ | 26,224 | |
Arabtec Holding Co.(1) | | | 12,670 | | | | 16,643 | |
DP World, Ltd. | | | 1,500 | | | | 27,452 | |
Emaar Properties (PJSC) | | | 14,070 | | | | 35,052 | |
| | | | |
| | 12 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Portfolio of Investments (Unaudited) — continued
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
|
United Arab Emirates (continued) | |
First Gulf Bank (PJSC) | | | 6,600 | | | $ | 40,291 | |
National Bank of Abu Dhabi (PJSC) | | | 9,100 | | | | 36,934 | |
| |
| | | | | | $ | 182,596 | |
| |
| |
Total Common Stocks (identified cost $9,463,342) | | | $ | 9,135,792 | |
| |
| | | | | | | | | | | | |
|
Equity-Linked Securities(2)(5) — 6.3% | |
| | | |
| | | | | | | | | | | | |
Security | | Maturity Date | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | |
India — 6.3% | | | | | | | | | | | | |
ACC, Ltd. | | | 6/30/16 | | | | 290 | | | $ | 5,188 | |
Adani Ports and Special Economic Zone, Ltd. | | | 3/10/16 | | | | 4,410 | | | | 11,943 | |
Aditya Birla Nuvo, Ltd. | | | 6/30/16 | | | | 260 | | | | 4,574 | |
Ambuja Cements, Ltd. | | | 10/30/15 | | | | 1,660 | | | | 4,516 | |
Asian Paints, Ltd. | | | 3/10/16 | | | | 710 | | | | 5,438 | |
Axis Bank, Ltd. | | | 3/10/16 | | | | 570 | | | | 11,694 | |
Bajaj Auto, Ltd. | | | 11/16/15 | | | | 320 | | | | 10,085 | |
Bank of Baroda | | | 6/30/16 | | | | 620 | | | | 5,533 | |
Bharat Petroleum Corp., Ltd. | | | 6/30/16 | | | | 990 | | | | 6,060 | |
Bharti Airtel, Ltd. | �� | | 3/10/16 | | | | 6,170 | | | | 28,733 | |
Cairn India, Ltd. | | | 6/13/16 | | | | 1,130 | | | | 5,932 | |
Cipla, Ltd. | | | 3/10/16 | | | | 1,530 | | | | 9,521 | |
Coal India, Ltd. | | | 12/15/15 | | | | 1,530 | | | | 6,045 | |
Dr. Reddy’s Laboratories, Ltd. | | | 9/28/16 | | | | 260 | | | | 12,190 | |
Federal Bank, Ltd. | | | 6/30/16 | | | | 5,200 | | | | 6,467 | |
GAIL India, Ltd. | | | 3/10/16 | | | | 1,830 | | | | 10,986 | |
HCL Technologies, Ltd. | | | 9/15/16 | | | | 660 | | | | 16,838 | |
HDFC Bank, Ltd. | | | 3/10/16 | | | | 2,510 | | | | 27,214 | |
Hero MotoCorp, Ltd. | | | 12/15/15 | | | | 310 | | | | 9,874 | |
Hindustan Unilever, Ltd. | | | 3/10/16 | | | | 1,730 | | | | 15,386 | |
Housing Development Finance Corp., Ltd. | | | 3/10/16 | | | | 3,630 | | | | 48,157 | |
ICICI Bank, Ltd. | | | 8/1/16 | | | | 1,250 | | | | 21,128 | |
Idea Cellular, Ltd. | | | 3/10/16 | | | | 4,850 | | | | 10,123 | |
IDFC, Ltd. | | | 9/15/16 | | | | 3,450 | | | | 5,254 | |
Indian Oil Corp., Ltd. | | | 3/10/16 | | | | 1,430 | | | | 5,751 | |
IndusInd Bank, Ltd. | | | 3/10/16 | | | | 810 | | | | 5,214 | |
ITC, Ltd. | | | 9/15/16 | | | | 4,700 | | | | 24,935 | |
Jindal Steel & Power, Ltd. | | | 3/10/16 | | | | 1,260 | | | | 4,883 | |
JSW Steel, Ltd. | | | 6/30/16 | | | | 420 | | | | 5,957 | |
Kotak Mahindra Bank, Ltd. | | | 9/15/16 | | | | 690 | | | | 7,648 | |
Larsen & Toubro, Ltd. | | | 6/30/16 | | | | 530 | | | | 9,523 | |
NMDC, Ltd. | | | 12/15/15 | | | | 2,530 | | | | 5,223 | |
NTPC, Ltd. | | | 3/10/16 | | | | 10,310 | | | | 18,764 | |
Oil & Natural Gas Corp., Ltd. | | | 3/10/16 | | | | 4,200 | | | | 19,814 | |
| | | | | | | | | | | | |
Security | | Maturity Date | | | Shares | | | Value | |
| | | | | | | | | | | | |
| | | |
India (continued) | | | | | | | | | | | | |
Oil India, Ltd. | | | 3/10/16 | | | | 670 | | | $ | 4,942 | |
Piramal Enterprises, Ltd. | | | 3/10/16 | | | | 910 | | | | 8,179 | |
Power Finance Corp. | | | 8/1/16 | | | | 2,370 | | | | 6,317 | |
Power Grid Corp. of India, Ltd. | | | 3/10/16 | | | | 6,680 | | | | 10,222 | |
Punj Lloyd, Ltd. | | | 6/30/16 | | | | 13,560 | | | | 5,676 | |
Reliance Communications, Ltd. | | | 3/10/16 | | | | 3,990 | | | | 7,255 | |
Reliance Infrastructure, Ltd. | | | 3/10/16 | | | | 1,080 | | | | 6,346 | |
Sesa Sterlite, Ltd. | | | 6/30/16 | | | | 2,125 | | | | 6,113 | |
Shriram Transport Finance Co., Ltd. | | | 6/30/16 | | | | 520 | | | | 4,978 | |
Steel Authority of India, Ltd. | | | 6/30/16 | | | | 6,230 | | | | 5,619 | |
Sun Pharmaceuticals Industries, Ltd. | | | 3/10/16 | | | | 2,000 | | | | 20,878 | |
Tata Consultancy Services, Ltd. | | | 9/15/16 | | | | 1,370 | | | | 50,484 | |
Tata Motors, Ltd. | | | 9/28/16 | | | | 1,900 | | | | 12,828 | |
Tata Power Co., Ltd. | | | 3/10/16 | | | | 5,450 | | | | 6,954 | |
Tata Steel, Ltd. | | | 6/30/16 | | | | 1,070 | | | | 5,957 | |
Tech Mahindra, Ltd. | | | 7/5/16 | | | | 230 | | | | 6,954 | |
UltraTech Cement, Ltd. | | | 3/10/16 | | | | 170 | | | | 5,063 | |
Unitech, Ltd. | | | 6/30/16 | | | | 18,760 | | | | 3,463 | |
United Spirits, Ltd. | | | 9/15/16 | | | | 360 | | | | 13,916 | |
Wipro, Ltd. | | | 9/15/16 | | | | 1,320 | | | | 12,766 | |
| |
| |
Total Equity-Linked Securities (identified cost $589,849) | | | $ | 611,501 | |
| |
| | | | | | | | |
|
Rights(1) — 0.0%(6) | |
| | |
| | | | | | | | |
Security | | Shares | | | Value | |
| | | | | | | | |
Itausa-Investimentos Itau SA, Exp. 3/26/14 | | | 71 | | | $ | 66 | |
Parque Arauco SA, Exp. 3/19/14 | | | 679 | | | | 87 | |
| |
| |
Total Rights (identified cost $0) | | | $ | 153 | |
| |
|
Warrants(1) — 0.0%(6) | |
| | |
| | | | | | | | |
Security | | Shares | | | Value | |
BTS Group Holdings PCL, Exp. 11/1/18, Strike THB 12.00 | | | 8,400 | | | $ | 219 | |
| |
| |
Total Warrants (identified cost $0) | | | $ | 219 | |
| |
| | | | |
| | 13 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Portfolio of Investments (Unaudited) — continued
| | | | | | | | |
Short-Term Investments — 0.1% | |
| | |
| | | | | | | | |
Description | | Interest (000’s omitted) | | | Value | |
| | | | | | | | |
Eaton Vance Cash Reserves Fund, LLC, 0.14%(7) | | $ | 10 | | | $ | 10,480 | |
| |
| |
Total Short-Term Investments (identified cost $10,480) | | | $ | 10,480 | |
| |
| |
Total Investments — 99.8% (identified cost $10,063,671) | | | $ | 9,758,145 | |
| |
| |
Other Assets, Less Liabilities — 0.2% | | | $ | 21,077 | |
| |
| |
Net Assets — 100.0% | | | $ | 9,779,222 | |
| |
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
| | | | |
ADR | | – | | American Depositary Receipt |
GDR | | – | | Global Depositary Receipt |
PCL | | – | | Public Company Ltd. |
PFC Shares | | – | | Preference Shares |
| | | | |
THB | | – | | Thai Baht |
(1) | Non-income producing security. |
(2) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be sold in certain transactions (normally to qualified institutional buyers) and remain exempt from registration. At February 28, 2014, the aggregate value of these securities is $658,752 or 6.7% of the Fund’s net assets. |
(3) | Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At February 28, 2014, the aggregate value of these securities is $143,870 or 1.5% of the Fund’s net assets. |
(4) | Indicates a foreign registered security. Shares issued to foreign investors in markets that have foreign ownership limits. |
(5) | Security whose performance, including redemption at maturity, is linked to the price of the underlying equity security. The investment is subject to credit risk of the issuing financial institution (HSBC Bank plc) in addition to the market risk of the underlying security. |
(6) | Amount is less than 0.05%. |
(7) | 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 February 28, 2014. |
| | | | | | | | |
Currency Concentration of Portfolio | |
| | |
| | | | | | | | |
Currency | | Percentage of Net Assets | | | Value | |
United States Dollar | | | 22.5 | % | | $ | 2,196,997 | |
Hong Kong Dollar | | | 9.7 | | | | 953,522 | |
New Taiwan Dollar | | | 7.4 | | | | 725,253 | |
South Korean Won | | | 7.3 | | | | 714,001 | |
South African Rand | | | 7.1 | | | | 689,892 | |
Brazilian Real | | | 5.8 | | | | 571,688 | |
Polish Zloty | | | 4.1 | | | | 401,018 | |
Mexican Peso | | | 4.0 | | | | 397,130 | |
Indonesian Rupiah | | | 3.8 | | | | 373,218 | |
Malaysian Ringgit | | | 3.7 | | | | 360,586 | |
New Turkish Lira | | | 3.6 | | | | 355,567 | |
Thai Baht | | | 3.5 | | | | 341,843 | |
Euro | | | 2.3 | | | | 228,296 | |
Czech Koruna | | | 1.9 | | | | 184,835 | |
Chilean Peso | | | 1.9 | | | | 182,705 | |
Philippine Peso | | | 1.9 | | | | 180,989 | |
Qatari Riyal | | | 1.8 | | | | 175,574 | |
Kuwaiti Dinar | | | 1.8 | | | | 174,666 | |
Hungarian Forint | | | 1.7 | | | | 166,436 | |
United Arab Emirates Dirham | | | 1.6 | | | | 155,144 | |
Colombian Peso | | | 1.2 | | | | 114,900 | |
Other currency, less than 1% each | | | 1.2 | | | | 113,885 | |
| |
Total Investments | | | 99.8 | % | | $ | 9,758,145 | |
| |
| | | | | | | | |
Sector Classification of Portfolio | |
| | |
| | | | | | | | |
Sector | | Percentage of Net Assets | | | Value | |
Financials | | | 25.1 | % | | $ | 2,452,132 | |
Materials | | | 10.3 | | | | 1,004,604 | |
Industrials | | | 10.2 | | | | 993,956 | |
Energy | | | 10.0 | | | | 982,513 | |
Information Technology | | | 10.0 | | | | 974,527 | |
Telecommunication Services | | | 9.8 | | | | 957,201 | |
Consumer Discretionary | | | 8.7 | | | | 853,982 | |
Consumer Staples | | | 8.5 | | | | 830,723 | |
Utilities | | | 5.0 | | | | 494,474 | |
Health Care | | | 2.1 | | | | 203,553 | |
Short-Term Investments | | | 0.1 | | | | 10,480 | |
| |
Total Investments | | | 99.8 | % | | $ | 9,758,145 | |
| |
| | | | |
| | 14 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Statement of Assets and Liabilities (Unaudited)
| | | | |
Assets | | February 28, 2014 | |
Unaffiliated investments, at value (identified cost, $10,053,191) | | $ | 9,747,665 | |
Affiliated investment, at value (identified cost, $10,480) | | | 10,480 | |
Cash | | | 469 | |
Foreign currency, at value (identified cost, $42,954) | | | 42,723 | |
Dividends receivable | | | 13,619 | |
Interest receivable from affiliated investment | | | 3 | |
Receivable for Fund shares sold | | | 5,000 | |
Tax reclaims receivable | | | 424 | |
Receivable from affiliates | | | 16,389 | |
Total assets | | $ | 9,836,772 | |
|
Liabilities | |
Payable to affiliates: | | | | |
Investment adviser and administration fee | | $ | 5,514 | |
Distribution and service fees | | | 10 | |
Accrued expenses | | | 52,026 | |
Total liabilities | | $ | 57,550 | |
Net Assets | | $ | 9,779,222 | |
| |
Sources of Net Assets | | | | |
Paid-in capital | | $ | 10,074,908 | |
Accumulated net realized gain | | | 6,798 | |
Accumulated undistributed net investment income | | | 3,336 | |
Net unrealized depreciation | | | (305,820 | ) |
Total | | $ | 9,779,222 | |
| |
Investor Class Shares | | | | |
Net Assets | | $ | 66,956 | |
Shares Outstanding | | | 6,904 | |
Net Asset Value, Offering Price and Redemption Price Per Share | | | | |
(net assets ÷ shares of beneficial interest outstanding) | | $ | 9.70 | |
| |
Institutional Class Shares | | | | |
Net Assets | | $ | 9,712,266 | |
Shares Outstanding | | | 1,000,780 | |
Net Asset Value, Offering Price and Redemption Price Per Share | | | | |
(net assets ÷ shares of beneficial interest outstanding) | | $ | 9.70 | |
| | | | |
| | 15 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Statement of Operations (Unaudited)
| | | | |
Investment Income | | Period Ended February 28, 2014(1) | |
Dividends (net of foreign taxes, $6,198) | | $ | 58,925 | |
Interest allocated from affiliated investment | | | 143 | |
Expenses allocated from affiliated investment | | | (19 | ) |
Total investment income | | $ | 59,049 | |
| |
Expenses | | | | |
Investment adviser and administration fee | | $ | 31,736 | |
Distribution and service fees | | | | |
Investor Class | | | 28 | |
Trustees’ fees and expenses | | | 461 | |
Custodian fee | | | 51,479 | |
Transfer and dividend disbursing agent fees | | | 36 | |
Legal and accounting services | | | 28,645 | |
Printing and postage | | | 2,259 | |
Registration fees | | | 20,359 | |
Miscellaneous | | | 9,391 | |
Total expenses | | $ | 144,394 | |
Deduct — | | | | |
Allocation of expenses to affiliates | | $ | 106,289 | |
Total expense reductions | | $ | 106,289 | |
| |
Net expenses | | $ | 38,105 | |
| |
Net investment income | | $ | 20,944 | |
| |
Realized and Unrealized Gain (Loss) | | | | |
Net realized gain (loss) — | | | | |
Investment transactions | | $ | 16,065 | |
Investment transactions allocated from affiliated investment | | | 1 | |
Foreign currency transactions | | | (9,268 | ) |
Net realized gain | | $ | 6,798 | |
Change in unrealized appreciation (depreciation) — | | | | |
Investments | | $ | (305,526 | ) |
Foreign currency | | | (294 | ) |
Net change in unrealized appreciation (depreciation) | | $ | (305,820 | ) |
| |
Net realized and unrealized loss | | $ | (299,022 | ) |
| |
Net decrease in net assets from operations | | $ | (278,078 | ) |
(1) | For the period from the start of business, September 25, 2013, to February 28, 2014. |
| | | | |
| | 16 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Statement of Changes in Net Assets
| | | | |
Increase (Decrease) in Net Assets | | Period Ended February 28, 2014 (Unaudited)(1) | |
From operations — | | | | |
Net investment income | | $ | 20,944 | |
Net realized gain from investment and foreign currency transactions | | | 6,798 | |
Net change in unrealized appreciation (depreciation) from investments and foreign currency | | | (305,820 | ) |
Net decrease in net assets from operations | | $ | (278,078 | ) |
Distributions to shareholders — | | | | |
From net investment income | | | | |
Investor Class | | $ | (26 | ) |
Institutional Class | | | (17,582 | ) |
Total distributions to shareholders | | $ | (17,608 | ) |
Transactions in shares of beneficial interest — | | | | |
Proceeds from sale of shares | | | | |
Investor Class | | $ | 67,300 | |
Institutional Class | | | 9,990,000 | |
Net asset value of shares issued to shareholders in payment of distributions declared | | | | |
Investor Class | | | 26 | |
Institutional Class | | | 17,582 | |
Net increase in net assets from Fund share transactions | | $ | 10,074,908 | |
| |
Net increase in net assets | | $ | 9,779,222 | |
|
Net Assets | |
At beginning of period | | $ | — | |
At end of period | | $ | 9,779,222 | |
|
Accumulated undistributed net investment income included in net assets | |
At end of period | | $ | 3,336 | |
(1) | For the period from the start of business, September 25, 2013, to February 28, 2014. |
| | | | |
| | 17 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Financial Highlights
| | | | |
| | Investor Class | |
| | Period Ended February 28, 2014 (Unaudited)(1) | |
Net asset value — Beginning of period | | $ | 10.000 | |
| |
Income (Loss) From Operations | | | | |
Net investment income(2) | | $ | 0.014 | |
Net realized and unrealized loss | | | (0.301 | ) |
| |
Total loss from operations | | $ | (0.287 | ) |
| |
Less Distributions | | | | |
From net investment income | | $ | (0.013 | ) |
| |
Total distributions | | $ | (0.013 | ) |
| |
Net asset value — End of period | | $ | 9.700 | |
| |
Total Return(3) | | | (2.87 | )%(4) |
| |
Ratios/Supplemental Data | | | | |
Net assets, end of period (000’s omitted) | | $ | 67 | |
Ratios (as a percentage of average daily net assets): | | | | |
Expenses(5) | | | 1.15 | %(6) |
Net investment income | | | 0.34 | %(6) |
Portfolio Turnover | | | 7 | %(4) |
(1) | For the period from the start of business, September 25, 2013, to February 28, 2014. |
(2) | Computed using average shares outstanding. |
(3) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested. |
(5) | The investment adviser, sub-adviser and administrator reimbursed certain operating expenses (equal to 2.51% of average daily net assets for the period ended February 28, 2014). Absent this reimbursement, total return would be lower. |
| | | | |
| | 18 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Financial Highlights — continued
| | | | |
| | Institutional Class | |
| | Period Ended February 28, 2014 (Unaudited)(1) | |
Net asset value — Beginning of period | | $ | 10.000 | |
| |
Income (Loss) From Operations | | | | |
Net investment income(2) | | $ | 0.021 | |
Net realized and unrealized loss | | | (0.303 | ) |
| |
Total loss from operations | | $ | (0.282 | ) |
| |
Less Distributions | | | | |
From net investment income | | $ | (0.018 | ) |
| |
Total distributions | | $ | (0.018 | ) |
| |
Net asset value — End of period | | $ | 9.700 | |
| |
Total Return(3) | | | (2.73 | )%(4) |
| |
Ratios/Supplemental Data | | | | |
Net assets, end of period (000’s omitted) | | $ | 9,712 | |
Ratios (as a percentage of average daily net assets): | | | | |
Expenses(5) | | | 0.90 | %(6) |
Net investment income | | | 0.50 | %(6) |
Portfolio Turnover | | | 7 | %(4) |
(1) | For the period from the start of business, September 25, 2013, to February 28, 2014. |
(2) | Computed using average shares outstanding. |
(3) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested. |
(5) | The investment adviser, sub-adviser and administrator reimbursed certain operating expenses (equal to 2.51% of average daily net assets for the period ended February 28, 2014). Absent this reimbursement, total return would be lower. |
| | | | |
| | 19 | | See Notes to Financial Statements. |
Parametric Emerging Markets Core Fund
February 28, 2014
Notes to Financial Statements (Unaudited)
1 Significant Accounting Policies
Parametric Emerging Markets Core Fund (the Fund) is a diversified series of Eaton Vance Mutual Funds Trust (the Trust). The Trust is a Massachusetts business trust registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company. The Fund commenced operations on September 25, 2013. The Fund’s investment objective is to seek long-term capital appreciation. The Fund offers two classes of shares. Investor Class and Institutional Class shares are sold at net asset value and are not subject to a sales charge. Each class represents a pro-rata interest in the Fund, but votes separately on class-specific matters and (as noted below) is subject to different expenses. Realized and unrealized gains and losses and net investment income and losses, other than class-specific expenses, are allocated daily to each class of shares based on the relative net assets of each class to the total net assets of the Fund. Each class of shares differs in its distribution plan and certain other class-specific expenses.
The following is a summary of significant accounting policies of the Fund. The policies are in conformity with accounting principles generally accepted in the United States of America.
A Investment Valuation — The following methodologies are used to determine the market value or fair value of investments.
Equity Securities. Equity securities (including common shares of closed-end investment companies) listed on a U.S. securities exchange generally are valued at the last sale or closing price on the day of valuation or, if no sales took place on such date, at the mean between the closing bid and asked prices therefore on the exchange where such securities are principally traded. Equity securities listed on the NASDAQ Global or Global Select Market generally are valued at the NASDAQ official closing price. Unlisted or listed securities for which closing sales prices or closing quotations are not available are valued at the mean between the latest available bid and asked prices.
Debt Obligations. Short-term obligations purchased with a remaining maturity of sixty days or less are generally valued at amortized cost, which approximates market value.
Foreign Securities and Currencies. Foreign securities and currencies are valued in U.S. dollars, based on foreign currency exchange rate quotations supplied by a third party pricing service. The pricing service uses a proprietary model to determine the exchange rate. Inputs to the model include reported trades and implied bid/ask spreads. The daily valuation of exchange-traded foreign securities generally is determined as of the close of trading on the principal exchange on which such securities trade. Events occurring after the close of trading on foreign exchanges may result in adjustments to the valuation of foreign securities to more accurately reflect their fair value as of the close of regular trading on the New York Stock Exchange. When valuing foreign equity securities that meet certain criteria, the Fund’s Trustees have approved the use of a fair value service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that have a strong correlation to the fair-valued securities.
Affiliated Fund. The Fund may invest in Eaton Vance Cash Reserves Fund, LLC (Cash Reserves Fund), an affiliated investment company managed by Eaton Vance Management (EVM). The value of the Fund’s investment in Cash Reserves Fund reflects the Fund’s proportionate interest in its net assets. Cash Reserves Fund generally values its investment securities utilizing the amortized cost valuation technique in accordance with Rule 2a-7 under the 1940 Act. This technique involves initially valuing a portfolio security at its cost and thereafter assuming a constant amortization to maturity of any discount or premium. If amortized cost is determined not to approximate fair value, Cash Reserves Fund may value its investment securities based on available market quotations provided by a third party pricing service.
Fair Valuation. Investments for which valuations or market quotations are not readily available or are deemed unreliable are valued at fair value using methods determined in good faith by or at the direction of the Trustees of the Fund in a manner that fairly reflects the security’s value, or the amount that the Fund might reasonably expect to receive for the security upon its current sale in the ordinary course. Each such determination is based on a consideration of relevant factors, which are likely to vary from one pricing context to another. These factors may include, but are not limited to, the type of security, the existence of any contractual restrictions on the security’s disposition, the price and extent of public trading in similar securities of the issuer or of comparable companies or entities, quotations or relevant information obtained from broker/dealers or other market participants, information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities), an analysis of the company’s or entity’s financial condition, and an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold.
B Investment Transactions — Investment transactions for financial statement purposes are accounted for on a trade date basis. Realized gains and losses on investments sold are determined on the basis of identified cost.
C Income — Dividend income is recorded on the ex-dividend date for dividends received in cash and/or securities. However, if the ex-dividend date has passed, certain dividends from foreign securities are recorded as the Fund is informed of the ex-dividend date. Withholding taxes on foreign dividends and capital gains have been provided for in accordance with the Fund’s understanding of the applicable countries’ tax rules and rates. Interest income is recorded on the basis of interest accrued, adjusted for amortization of premium or accretion of discount.
D Federal Taxes — The Fund’s policy is to comply with the provisions of the Internal Revenue Code applicable to regulated investment companies and to distribute to shareholders each year substantially all of its net investment income, and all or substantially all of its net realized capital gains. Accordingly, no provision for federal income or excise tax is necessary.
In addition to the requirements of the Internal Revenue Code, the Fund may also be subject to local taxes on the recognition of capital gains in certain countries. In determining the daily net asset value, the Fund estimates the accrual for such taxes, if any, based on the unrealized appreciation on certain
Parametric Emerging Markets Core Fund
February 28, 2014
Notes to Financial Statements (Unaudited) — continued
portfolio securities and the related tax rates. Taxes attributable to unrealized appreciation are included in the change in unrealized appreciation (depreciation) on investments. Capital gains taxes on securities sold are included in net realized gain (loss) on investments.
As of February 28, 2014, the Fund had no uncertain tax positions that would require financial statement recognition, de-recognition, or disclosure. The Fund files a U.S. federal income tax return annually after its fiscal year-end, which is subject to examination by the Internal Revenue Service for a period of three years from the date of filing.
E Expenses — The majority of expenses of the Trust are directly identifiable to an individual fund. Expenses which are not readily identifiable to a specific fund are allocated taking into consideration, among other things, the nature and type of expense and the relative size of the funds.
F Expense Reduction — State Street Bank and Trust Company (SSBT) serves as custodian of the Fund. Pursuant to the custodian agreement, SSBT receives a fee reduced by credits, which are determined based on the average daily cash balance the Fund maintains with SSBT. All credit balances, if any, used to reduce the Fund’s custodian fees are reported as a reduction of expenses in the Statement of Operations.
G Foreign Currency Translation — Investment valuations, other assets, and liabilities initially expressed in foreign currencies are translated each business day into U.S. dollars based upon current exchange rates. Purchases and sales of foreign investment securities and income and expenses denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates in effect on the respective dates of such transactions. Recognized gains or losses on investment transactions attributable to changes in foreign currency exchange rates are recorded for financial statement purposes as net realized gains and losses on investments. That portion of unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed.
H Use of Estimates — The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. Actual results could differ from those estimates.
I Indemnifications — Under the Trust’s organizational documents, its officers and Trustees may be indemnified against certain liabilities and expenses arising out of the performance of their duties to the Fund. Under Massachusetts law, if certain conditions prevail, shareholders of a Massachusetts business trust (such as the Trust) could be deemed to have personal liability for the obligations of the Trust. However, the Trust’s Declaration of Trust contains an express disclaimer of liability on the part of Fund shareholders and the By-laws provide that the Trust shall assume the defense on behalf of any Fund shareholders. Moreover, the By-laws also provide for indemnification out of Fund property of any shareholder held personally liable solely by reason of being or having been a shareholder for all loss or expense arising from such liability. Additionally, in the normal course of business, the Fund enters into agreements with service providers that may contain indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred.
J Interim Financial Statements — The interim financial statements relating to February 28, 2014 and for the period then ended have not been audited by an independent registered public accounting firm, but in the opinion of the Fund’s management, reflect all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of the financial statements.
2 Distributions to Shareholders
It is the present policy of the Fund to make at least one distribution annually (normally in December) of all or substantially all of its net investment income and to distribute annually all or substantially all of its net realized capital gains. Distributions to shareholders are recorded on the ex-dividend date. Distributions are declared separately for each class of shares. Shareholders may reinvest income and capital gain distributions in additional shares of the same class of the Fund at the net asset value as of the ex-dividend date or, at the election of the shareholder, receive distributions in cash. The Fund distinguishes between distributions on a tax basis and a financial reporting basis. Accounting principles generally accepted in the United States of America require that only distributions in excess of tax basis earnings and profits be reported in the financial statements as a return of capital. Permanent differences between book and tax accounting relating to distributions are reclassified to paid-in capital. For tax purposes, distributions from short-term capital gains are considered to be from ordinary income.
3 Investment Adviser and Administration Fee and Other Transactions with Affiliates
The investment adviser and administration fee is earned by EVM as compensation for investment advisory and administrative services rendered to the Fund. The fee is computed at an annual rate of 0.75% of the Fund’s average daily net assets up to $500 million and is payable monthly. On net assets of $500 million and over, the annual fee is reduced. For the period ended February 28, 2014, the investment adviser and administration fee amounted to $31,736 or 0.75% (annualized) of the Fund’s average daily net assets. Pursuant to a sub-advisory agreement, EVM has delegated the investment management of the Fund to Parametric Portfolio Associates LLC (Parametric), a majority-owned subsidiary of Eaton Vance Corp. EVM pays Parametric a portion of its advisory and administration fee for sub-advisory services provided to the Fund. The Fund invests its cash in Cash Reserves Fund. EVM does not currently receive a fee for advisory services provided to Cash Reserves Fund.
Parametric Emerging Markets Core Fund
February 28, 2014
Notes to Financial Statements (Unaudited) — continued
EVM and Parametric have agreed to reimburse the Fund’s expenses to the extent that total annual operating expenses (relating to ordinary operating expenses only) exceed 1.15% and 0.90% of the Fund’s average daily net assets for Investor Class and Institutional Class, respectively. This agreement may be changed or terminated after May 31, 2015. Pursuant to this agreement, EVM and Parametric were allocated $106,289 in total of the Fund’s operating expenses for the period ended February 28, 2014.
EVM provides sub-transfer agency and related services to the Fund pursuant to a Sub-Transfer Agency Support Services Agreement. For the period ended February 28, 2014, EVM received no fees from the Fund pursuant to such agreement. Eaton Vance Distributors, Inc. (EVD), an affiliate of EVM and the Fund’s principal underwriter, received distribution and service fees from Investor Class shares (see Note 4).
Trustees and officers of the Fund who are members of EVM’s organization receive remuneration for their services to the Fund out of the investment adviser and administration fee. Trustees of the Fund who are not affiliated with EVM may elect to defer receipt of all or a percentage of their annual fees in accordance with the terms of the Trustees Deferred Compensation Plan. For the period ended February 28, 2014, no significant amounts have been deferred. Certain officers and Trustees of the Fund are officers of EVM.
4 Distribution Plan
The Fund has in effect a distribution plan for Investor Class shares (Investor Class Plan) pursuant to Rule 12b-1 under the 1940 Act. Pursuant to the Investor Class Plan, the Fund pays EVD a distribution and service fee of 0.25% per annum of its average daily net assets attributable to Investor Class shares for distribution services and facilities provided to the Fund by EVD, as well as for personal services and/or the maintenance of shareholder accounts. Distribution and service fees paid or accrued to EVD for the period ended February 28, 2014 amounted to $28 for Investor Class shares.
Distribution and service fees are subject to the limitations contained in the Financial Industry Regulatory Authority’s NASD Conduct Rule 2830(d).
5 Purchases and Sales of Investments
Purchases and sales of investments, other than short-term obligations, aggregated $10,772,615 and $735,644, respectively, for the period ended February 28, 2014.
6 Shares of Beneficial Interest
The Fund’s Declaration of Trust permits the Trustees to issue an unlimited number of full and fractional shares of beneficial interest (without par value). Such shares may be issued in a number of different series (such as the Fund) and classes. Transactions in Fund shares were as follows:
| | | | |
Investor Class | | Period Ended February 28, 2014 (Unaudited)(1) | |
| |
Sales | | | 6,902 | |
Issued to shareholders electing to receive payments of distributions in Fund shares | | | 2 | |
| |
Net increase | | | 6,904 | |
| |
| | | | |
Institutional Class | | Period Ended February 28, 2014 (Unaudited)(1) | |
| |
Sales | | | 999,000 | |
Issued to shareholders electing to receive payments of distributions in Fund shares | | | 1,780 | |
| |
Net increase | | | 1,000,780 | |
(1) | For the period from the start of business, September 25, 2013, to February 28, 2014. |
At February 28, 2014, EVM owned 99.5% of the value of the outstanding shares of the Fund.
Parametric Emerging Markets Core Fund
February 28, 2014
Notes to Financial Statements (Unaudited) — continued
7 Federal Income Tax Basis of Investments
The cost and unrealized appreciation (depreciation) of investments of the Fund at February 28, 2014, as determined on a federal income tax basis, were as follows:
| | | | |
| |
Aggregate cost | | $ | 10,063,671 | |
| |
Gross unrealized appreciation | | $ | 522,748 | |
Gross unrealized depreciation | | | (828,274 | ) |
| |
Net unrealized depreciation | | $ | (305,526 | ) |
8 Risks Associated with Foreign Investments
Investing in securities issued by companies whose principal business activities are outside the United States may involve significant risks not present in domestic investments. For example, there is generally less publicly available information about foreign companies, particularly those not subject to the disclosure and reporting requirements of the U.S. securities laws. Certain foreign issuers are generally not bound by uniform accounting, auditing, and financial reporting requirements and standards of practice comparable to those applicable to domestic issuers. Investments in foreign securities also involve the risk of possible adverse changes in investment or exchange control regulations, expropriation or confiscatory taxation, limitation on the removal of funds or other assets of the Fund, political or financial instability or diplomatic and other developments which could affect such investments. Foreign securities markets, while growing in volume and sophistication, are generally not as developed as those in the United States, and securities of some foreign issuers (particularly those located in developing countries) may be less liquid and more volatile than securities of comparable U.S. companies. In general, there is less overall governmental supervision and regulation of foreign securities markets, broker/dealers and issuers than in the United States. The foregoing risks of foreign investing can be more significant in less developed countries characterized as emerging market countries.
9 Fair Value Measurements
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
Ÿ | | Level 1 – quoted prices in active markets for identical investments |
Ÿ | | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
Ÿ | | Level 3 – significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments) |
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
Parametric Emerging Markets Core Fund
February 28, 2014
Notes to Financial Statements (Unaudited) — continued
At February 28, 2014, the hierarchy of inputs used in valuing the Fund’s investments, which are carried at value, were as follows:
| | | | | | | | | | | | | | | | |
Asset Description | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| | | | |
Common Stocks | | | | | | | | | | | | | | | | |
Asia/Pacific | | $ | 191,548 | | | $ | 3,740,217 | | | $ | — | | | $ | 3,931,765 | |
Emerging Europe | | | 175,036 | | | | 1,820,028 | | | | — | | | | 1,995,064 | |
Latin America | | | 1,182,136 | | | | 804,099 | | | | — | | | | 1,986,235 | |
Middle East/Africa | | | — | | | | 1,222,728 | | | | — | | | | 1,222,728 | |
| | | | |
Total Common Stocks | | $ | 1,548,720 | | | $ | 7,587,072 | * | | $ | — | | | $ | 9,135,792 | |
| | | | |
Equity-Linked Securities | | $ | — | | | $ | 611,501 | | | $ | — | | | $ | 611,501 | |
Rights | | | 153 | | | | — | | | | — | | | | 153 | |
Warrants | | | 219 | | | | — | | | | — | | | | 219 | |
Short-Term Investments | | | — | | | | 10,480 | | | | — | | | | 10,480 | |
| | | | |
Total Investments | | $ | 1,549,092 | | | $ | 8,209,053 | | | $ | — | | | $ | 9,758,145 | |
* | Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets. |
Parametric Emerging Markets Core Fund
February 28, 2014
Board of Trustees’ Contract Approval
Overview of the Contract Review Process
The Investment Company Act of 1940, as amended (the “1940 Act”), provides, in substance, that for a fund to enter into an investment advisory agreement with an investment adviser, the fund’s board of trustees, including a majority of the trustees who are not “interested persons” of the fund (“Independent Trustees”), must approve the agreement and its terms at an in-person meeting called for the purpose of considering such approval.
At a meeting of the Boards of Trustees (each a “Board”) of the Eaton Vance group of mutual funds (the “Eaton Vance Funds”) held on August 12, 2013, the Board, including a majority of the Independent Trustees, voted to approve the investment advisory and administrative agreement of Parametric Emerging Markets Core Fund (the “Fund”) with Eaton Vance Management (the “Adviser”) and the sub-advisory agreement with Parametric Portfolio Associates LLC (the “Sub-adviser”), an affiliate of Eaton Vance Management. The Board reviewed information furnished for the August 12, 2013 meeting as well as information previously furnished throughout the year at the meetings of the Board and its committees, including, with respect to the approval of other investment advisory agreements for other Eaton Vance Funds. Such information included, among other things, the following:
Information about Fees and Expenses
Ÿ | | The advisory and related fees to be paid by the Fund and the anticipated expense ratio of the Fund; |
Ÿ | | Comparative information concerning the fees charged and the services provided by the Adviser and Sub-adviser in managing other accounts (including mutual funds, other collective investment funds and institutional accounts) using investment strategies and techniques similar to those to be used in managing the Fund, if applicable, and concerning fees charged by other advisers for managing funds similar to the Fund; |
Information about Portfolio Management and Trading
Ÿ | | Descriptions of the investment management services to be provided to the Fund, including the investment strategies and processes to be employed; |
Ÿ | | Information concerning the allocation of brokerage and the benefits expected to be received by the Adviser and Sub-adviser as a result of brokerage allocation for the Fund, including information concerning the acquisition of research through client commission arrangements and the Fund’s policies with respect to “soft dollar” arrangements; |
Ÿ | | The procedures and processes to be used to determine the fair value of the Fund’s assets and actions to be taken to monitor and test the effectiveness of such procedures and processes; |
Information about the Adviser and Sub-adviser
Ÿ | | Reports detailing the financial results and condition of the Adviser and Sub-adviser; |
Ÿ | | Descriptions of the qualifications, education and experience of the individual investment professionals whose responsibilities include portfolio management and investment research for the Fund, and information relating to their compensation and responsibilities with respect to managing other mutual funds and investment accounts; |
Ÿ | | Copies of the Codes of Ethics of the Adviser and its affiliates, including the Sub-adviser, together with information relating to compliance with and the administration of such codes; |
Ÿ | | Copies of or descriptions of the Adviser’s and the Sub-adviser’s policies and procedures relating to proxy voting and the handling of corporate actions and class actions; |
Ÿ | | Information concerning the resources devoted to compliance efforts undertaken by the Adviser and its affiliates, including the Sub-adviser, on behalf of the Eaton Vance Funds (including descriptions of various compliance programs) and their record of compliance with investment policies and restrictions, including policies with respect to market-timing, late trading and selective portfolio disclosure, and with policies on personal securities transactions; |
Ÿ | | Descriptions of the business continuity and disaster recovery plans of the Adviser and its affiliates; |
Ÿ | | A description of the Adviser’s procedures for overseeing third party advisers and sub-advisers, including with respect to regulatory and compliance issues, investment management and other matters; |
Other Relevant Information
Ÿ | | Information concerning the nature, cost and character of the administrative and other non-investment management services to be provided by Eaton Vance Management and its affiliates; |
Ÿ | | Information concerning management of the relationship with the custodian, subcustodians and fund accountants by the Adviser (which is the administrator) and the Sub-adviser; and |
Ÿ | | The terms of the investment advisory and administrative agreement and sub-advisory agreement of the Fund. |
Results of the Process
Based on its consideration of the foregoing, and such other information as it deemed relevant, including the factors and conclusions described below, the Board concluded that the terms of the Fund’s investment advisory and administrative agreement and sub-advisory agreement with the Adviser and Sub-adviser, including their fee structures, is in the interests of shareholders and, therefore, the Board, including a majority of the Independent Trustees, voted to approve the terms of the investment advisory and administrative agreement and sub-advisory agreement for the Fund.
Parametric Emerging Markets Core Fund
February 28, 2014
Board of Trustees’ Contract Approval — continued
Nature, Extent and Quality of Services
In considering whether to approve the investment advisory and administrative agreement and sub-advisory agreement of the Fund, the Board evaluated the nature, extent and quality of services to be provided to the Fund by the Adviser and the Sub-adviser.
The Board considered the Adviser’s and the Sub-adviser’s management capabilities and investment process with respect to the types of investments to be held by the Fund, including the education, experience and number of its investment professionals and other personnel who will provide portfolio management, investment research, and similar services to the Fund and, with respect to the Adviser, whose responsibilities may include supervising the Sub-adviser and coordinating activities in implementing the Fund’s investment strategy. In particular, the Board noted the Sub-adviser’s experience employing a top-down, disciplined investment processes that emphasizes broad exposure and diversification among emerging market countries, economic sectors and issuers. The Board also took into account the resources dedicated to portfolio management and other services, including the compensation methods to recruit and retain investment personnel, and the time and attention expected to be devoted to Fund matters by senior management.
The Board reviewed the compliance programs of the Adviser and relevant affiliates thereof, including the Sub-adviser. Among other matters, the Board considered compliance and reporting matters relating to personal trading by investment personnel, selective disclosure of portfolio holdings, late trading, frequent trading, portfolio valuation, business continuity and the allocation of investment opportunities. The Board also evaluated the responses of the Adviser and its affiliates to requests in recent years from regulatory authorities such as the Securities and Exchange Commission and the Financial Industry Regulatory Authority.
The Board considered shareholder and other administrative services provided or managed by the Adviser and its affiliates, including transfer agency and accounting services. The Board evaluated the benefits to shareholders of investing in a fund that is a part of a large family of funds, including the ability, in many cases, to exchange an investment among different funds without incurring additional sales charges.
After consideration of the foregoing factors, among others, the Board concluded that the nature, extent and quality of services to be provided by the Adviser and the Sub-adviser, taken as a whole, are appropriate and consistent with the terms of the investment advisory and administrative agreement and sub-advisory agreement.
Fund Performance
Because the Fund had not yet commenced operations when the contract was approved, it had no performance record.
Management Fees and Expenses
The Board reviewed contractual fee rates to be payable by the Fund for advisory and administrative services and sub-advisory fees (referred to as “management fees”). As part of its review, the Board considered the Fund’s management fees as compared to a group of similarly managed funds selected by an independent data provider and the Fund’s estimated expense ratio for a one-year period.
After reviewing the foregoing information, and in light of the nature, extent and quality of the services to be provided by the Adviser and Sub-adviser, the Board concluded that the management fees proposed to be charged for advisory and related services are reasonable.
Profitability
The Board reviewed the level of profits projected to be realized by the Adviser and relevant affiliates thereof in providing investment advisory and administrative services to the Fund. The Board considered the level of profits expected to be realized without regard to revenue sharing or other payments expected to be made by the Adviser and its affiliates to third parties in respect of distribution services. The Board also considered other direct or indirect benefits expected to be received by the Adviser and its affiliates, including the Sub-adviser, in connection with their relationships with the Fund, including the benefits of research services that may be available to the Adviser or Sub-adviser as a result of securities transactions effected for the Fund and other investment advisory clients.
The Board concluded that, in light of the foregoing factors and the nature, extent and quality of the services to be rendered, the profits expected to be realized by the Adviser and its affiliates, including the sub-adviser, are reasonable.
Economies of Scale
In reviewing management fees and profitability, the Board also considered the extent to which the Adviser and its affiliates, on the one hand, and the Fund, on the other hand, can expect to realize benefits from economies of scale as the assets of the Fund increase. The Board acknowledged the difficulty in accurately measuring the benefits resulting from the economies of scale with respect to the management of any specific fund or group of funds. The Board also concluded that, assuming reasonably foreseeable increases in the assets of the Fund, the structure of the advisory fee, which includes breakpoints at several asset levels, can be expected to allow the Fund to benefit from economies of scale in the future.
Parametric Emerging Markets Core Fund
February 28, 2014
Officers and Trustees
Officers of Parametric Emerging Markets Core Fund
Payson F. Swaffield
President
Maureen A. Gemma
Vice President, Secretary and
Chief Legal Officer
James F. Kirchner
Treasurer
Paul M. O’Neil
Chief Compliance Officer
Trustees of Parametric Emerging Markets Core Fund
Ralph F. Verni
Chairman
Scott E. Eston
Thomas E. Faust Jr.*
Allen R. Freedman
Valerie A. Mosley
William H. Park
Ronald A. Pearlman
Helen Frame Peters
Harriett Tee Taggart
Eaton Vance Funds
IMPORTANT NOTICES
Privacy. The Eaton Vance organization is committed to ensuring your financial privacy. Each of the financial institutions identified below has in effect the following policy (“Privacy Policy”) with respect to nonpublic personal information about its customers:
Ÿ | | 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. |
Ÿ | | 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 customer’s account, Eaton Vance may share information with unaffiliated third parties that perform various required services such as transfer agents, custodians and broker-dealers. |
Ÿ | | Policies and procedures (including physical, electronic and procedural safeguards) are in place that are designed to protect the confidentiality of such information. |
Ÿ | | 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. |
Our pledge of privacy applies to the following entities within the Eaton Vance organization: the Eaton Vance Family of Funds, Eaton Vance Management, Eaton Vance Investment Counsel, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management’s Real Estate Investment Group and Boston Management and Research. In addition, our Privacy Policy applies only to those Eaton Vance customers who are individuals and who have a direct relationship with us. If a customer’s account (i.e., fund shares) is held in the name of a third-party financial advisor/broker-dealer, it is likely that only such advisor’s privacy policies apply to the customer. This notice supersedes all previously issued privacy disclosures. For more information about Eaton Vance’s Privacy Policy, please call 1-800-262-1122.
Delivery of Shareholder Documents. The Securities and Exchange Commission (SEC) permits funds to deliver only one copy of shareholder documents, including prospectuses, proxy statements and shareholder reports, to fund investors with multiple accounts at the same residential or post office box address. This practice is often called “householding” and it helps eliminate duplicate mailings to shareholders. Eaton Vance, or your financial advisor, may household the mailing of your documents indefinitely unless you instruct Eaton Vance, or your financial advisor, otherwise. If you would prefer that your Eaton Vance documents not be householded, please contact Eaton Vance at 1-800-260-0761, or contact your financial advisor. Your instructions that householding not apply to delivery of your Eaton Vance documents will be effective within 30 days of receipt by Eaton Vance or your financial advisor.
Portfolio Holdings. Each Eaton Vance Fund and its underlying Portfolio(s) (if applicable) will file a schedule of portfolio holdings on Form N-Q with the SEC for the first and third quarters of each fiscal year. The Form N-Q will be available on the Eaton Vance website at www.eatonvance.com, by calling Eaton Vance at 1-800-260-0761 or in the EDGAR database on the SEC’s website at www.sec.gov. Form N-Q may also be reviewed and copied at the SEC’s public reference room in Washington, D.C. (call 1-800-732-0330 for information on the operation of the public reference room).
Proxy Voting. From time to time, funds are required to vote proxies related to the securities held by the funds. The Eaton Vance Funds or their underlying Portfolios (if applicable) vote proxies according to a set of policies and procedures approved by the Funds’ and Portfolios’ Boards. You may obtain a description of these policies and procedures and information on how the Funds or Portfolios voted proxies relating to portfolio securities during the most recent 12-month period ended June 30, without charge, upon request, by calling 1-800-260-0761 and by accessing the SEC’s website at www.sec.gov.
Investment Adviser and Administrator
Eaton Vance Management
Two International Place
Boston, MA 02110
Sub-Adviser
Parametric Portfolio Associates LLC
1918 Eighth Avenue, Suite 3100
Seattle, WA 98101
Principal Underwriter*
Eaton Vance Distributors, Inc.
Two International Place
Boston, MA 02110
(617) 482-8260
Custodian
State Street Bank and Trust Company
200 Clarendon Street
Boston, MA 02116
Transfer Agent
BNY Mellon Investment Servicing (US) Inc.
Attn: Eaton Vance Funds
P.O. Box 9653
Providence, RI 02940-9653
(800) 260-0761
Fund Offices
Two International Place
Boston, MA 02110
* | 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. |
Item 2. Code of Ethics
Not required in this filing.
Item 3. Audit Committee Financial Expert
Not required in this filing.
Item 4. Principal Accountant Fees and Services
Not required in this filing.
Item 5. Audit Committee of Listed Registrants
Not applicable.
Item 6. Schedule of Investments
Please see schedule of investments contained in the Report to Stockholders included under Item 1 of this Form N-CSR.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders
No material changes.
Item 11. Controls and Procedures
(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.
(b) There have been no changes in the registrant’s internal controls over financial reporting during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. Exhibits
| | |
| |
(a)(1) | | Registrant’s Code of Ethics – Not applicable (please see Item 2). |
| |
(a)(2)(i) | | Treasurer’s Section 302 certification. |
| |
(a)(2)(ii) | | President’s Section 302 certification. |
| |
(b) | | Combined Section 906 certification. |
Signatures
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 be signed on its behalf by the undersigned, thereunto duly authorized.
| | |
Eaton Vance Mutual Funds Trust |
| |
By: | | /s/ Payson F. Swaffield |
| | Payson F. Swaffield |
| | President |
| |
Date: | | April 10, 2014 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| | |
By: | | /s/ James F. Kirchner |
| | James F. Kirchner |
| | Treasurer |
| |
Date: | | April 10, 2014 |
| |
By: | | /s/ Payson F. Swaffield |
| | Payson F. Swaffield |
| | President |
| |
Date: | | April 10, 2014 |