Eaton Vance Ohio Municipal Income Trust
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: 811-09149
Eaton Vance
Ohio Municipal Income 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
(Registrants Telephone Number)
November 30
Date
of Fiscal Year End
November 30, 2016
Date of Reporting Period
Item 1. Reports to Stockholders
Eaton Vance
Municipal Income Trusts
Annual Report
November 30, 2016
California (CEV) Massachusetts (MMV)
Michigan (EMI) New Jersey (EVJ)
New York (EVY) Ohio (EVO) Pennsylvania (EVP)
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. Each Fund has claimed an exclusion from the definition of the term commodity pool
operator under the Commodity Exchange Act. Accordingly, neither the Funds nor the adviser with respect to the operation of the Funds is subject to CFTC regulation. Because of its management of other strategies, each Funds 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.
Annual Report November 30, 2016
Eaton Vance
Municipal Income Trusts
Table of Contents
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Managements Discussion of Fund Performance |
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2 |
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Performance and Fund Profile |
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California Municipal Income Trust |
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4 |
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Massachusetts Municipal Income Trust |
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5 |
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Michigan Municipal Income Trust |
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6 |
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New Jersey Municipal Income Trust |
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7 |
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New York Municipal Income Trust |
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8 |
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Ohio Municipal Income Trust |
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9 |
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Pennsylvania Municipal Income Trust |
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10 |
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Endnotes and Additional Disclosures |
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11 |
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Financial Statements |
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12 |
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Report of Independent Registered Public Accounting Firm |
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72 |
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Federal Tax Information |
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73 |
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Dividend Reinvestment Plan |
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74 |
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Management and Organization |
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76 |
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Important Notices |
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79 |
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Eaton Vance
Municipal Income Trusts
November 30, 2016
Managements Discussion of Fund
Performance1
Economic and Market Conditions
As the period opened on December 1, 2015, U.S. Treasurys, along with municipal bonds, were several months into a rally that would continue for much of the period.
Concerns about the Chinese economy, falling commodity prices and interest rate uncertainty led many asset classes to experience dramatic volatility in late 2015.
But the municipal market, a high quality asset class with a generally improving credit landscape, continued its steady rally despite the Federal Reserve Board (the Fed) rate hike in December 2015.
In January of 2016, the municipal rally accelerated as U.S. equities experienced what was widely reported as their worst-ever start to a new year. Plummeting oil
prices and slowing economic growth in China helped drive a global flight to quality, with investors fleeing asset classes regarded as risky for the perceived safety of U.S. Treasurys and municipal bonds. Falling government interest rates
around the world, driven by actions such as quantitative easing in Japan and the European Union, put many sovereign rates into negative territory and made U.S. Treasurys look attractive by comparison.
Great Britains June 2016 vote to leave the European Union, ongoing Fed caution, and mixed U.S. economic reports continued to fuel the municipal rally in the
summer of 2016. Even the Commonwealth of Puerto Ricos July 1, 2016 default on over $1 billion in municipal bond and debt service payments its second default in 2016 and its largest to date failed to put a
dent in the municipal rally, as the market had expected the defaults for some time.
In early fall, however, remarks by the European Central Bank, the
Bank of Japan and the Fed seemed to indicate that rates might begin to rise sooner than markets had anticipated. As a result, municipal rates crept upward in September and October of 2016. In the final month of the period, Donald Trumps
surprise win in the U.S. presidential election precipitated one of the largest municipal market declines in at least two decades. Rates rose and prices fell as markets anticipated that decreasing regulation and lower tax rates under a Trump
administration could lead to higher economic growth and inflation. In general, municipal market returns were virtually flat for the period, with coupon yields and price appreciation earlier in the fiscal year balanced by price declines in the
closing months.
For the one-year period as a whole, the yield curve for municipal AAA-rated7 issues flattened with rates rising throughout the curve, but with the greatest increases
occurring in the short end of the curve, causing the curve to flatten. Across the yield curve, municipal bonds, which had outperformed U.S. Treasurys from the beginning of the period until the election, underperformed U.S. Treasurys for the period
as a whole.
Fund Performance
For the fiscal year ended November 30, 2016, the California, Michigan, New Jersey, New York, Ohio and Pennsylvania Trusts (the Funds) shares at net asset value (NAV) outperformed the 0.39% return of the
Bloomberg Barclays Long (22+) Year Municipal Bond Index (the Index),2
while the Massachusetts Fund at NAV underperformed the Index.
During the period, each Fund benefited from the tender and repurchase of a portion of its
Auction Preferred Shares (APS) at 95.5% of the Funds APS per share liquidation preference.
Each Funds overall strategy is to invest
primarily in investment grade bonds of the Funds particular state. Management may hedge to various degrees against the greater potential risk of volatility caused by the use of leverage and by investing in bonds at the long end of the yield
curve by using U.S. Treasury futures. As a risk management tactic within each Funds overall strategy, interest rate hedging is intended to moderate performance on both the upside and the downside of the market. During the period, the
California, Massachusetts, New Jersey, New York and Pennsylvania Funds did employ a hedging strategy, but that strategy did not have a material effect on the performance of those Funds versus the Index.
In managing the Funds, management employs leverage through Residual Interest Bond (RIB) and/or APS and Institutional MuniFund Term Preferred
(iMTP) Shares6 to seek to enhance the Funds tax-exempt income. The use
of leverage has the effect of achieving additional exposure to the municipal market, and thus magnifying a Funds exposure to its underlying investments in both up and down market environments. During this period, the additional income derived
from the use of leverage contributed to Fund performance versus the Index which does not employ leverage for all seven Funds.
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 market price (as applicable) with all distributions reinvested and include management fees and other expenses. Fund performance at market
price will differ from its results at NAV due to factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will
fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may
be lower or higher than the quoted return. For performance as of the most recent month-end, please refer to eatonvance.com.
Eaton Vance
Municipal Income Trusts
November 30, 2016
Managements Discussion of Fund Performancecontinued
State-specific Results
Eaton Vance California Municipal Income Trust shares at NAV returned 1.38%, outperforming the 0.39% return of the Index. Contributors to Fund performance versus the Index included leverage, as noted earlier, as
well as an overweight in zero-coupon bonds, security selection in the hospitals and health care sector, and security selection in insured Puerto Rico bonds. The majority of the Funds Puerto Rico holdings were insured by various municipal bond
insurers. It should be noted that most uninsured bonds issued by the Commonwealth of Puerto Rico and its various conduit issuers were no longer included in the Index. As Puerto Rico continued to deal with an ongoing fiscal crisis, bonds issued by
its various legal entities were impacted by a number of factors throughout the period. As the period ended, the situation in Puerto Rico was continuing to evolve. In contrast, security selection in general obligation bonds, security selection in the
water and sewer sector, and security selection in bonds with coupon rates below 5% all detracted from Fund performance relative to the Index.
Eaton
Vance Massachusetts Municipal Income Trust shares at NAV returned 0.05%, underperforming the 0.39% return of the Index. Detractors from performance versus the Index included an overweight and security selection in the education sector, security
selection in A-rated bonds, and security selection in bonds with 25 years or more remaining to maturity. Leverage, security selection in insured Puerto Rico bonds, and security selection in BBB-rated bonds contributed to performance relative to the
Index, as did an overweight and security selection in the hospitals and health care sector.
Eaton Vance Michigan Municipal Income Trust shares at NAV
returned 2.98%, outperforming the 0.39% return of the Index. Leverage, an overweight and security selection in insured Puerto Rico bonds, security selection in the water and sewer sector, and an overweight in prerefunded, or escrowed, bonds all
helped performance relative to the Index during the period. In contrast, security selection in BBB-rated bonds and an overweight in general obligation bonds detracted from results versus the Index.
Eaton Vance New Jersey Municipal Income Trust shares at NAV returned 2.13%, outperforming the 0.39% return of the Index. Leverage, an overweight and security
selection in insured Puerto Rico bonds, an overweight and security
selection in the education sector, an overweight in pre-refunded bonds, and security selection in A-rated bonds all
contributed to Fund performance versus the Index. Detractors from the Funds performance relative to the Index included security selection in BBB-rated bonds, security selection in zero-coupon bonds, and security selection in the water and
sewer sector.
Eaton Vance New York Municipal Income Trust shares at NAV returned 1.69%, outperforming the 0.39% return of the Index. Leverage aided
performance relative to the Index, as did an overweight and security selection in the hospitals and health care sector, an overweight and security selection in zero-coupon bonds, and an overweight in bonds rated BBB and below. Detractors from
performance versus the Index included security selection in the transportation sector and security selection in 4.0% 4.5% coupon bonds.
Eaton Vance Ohio Municipal Income Trust shares at NAV returned 2.26%, outperforming the 0.39% return of the Index. Contributors to results versus the Index included
leverage, an overweight and security selection in insured Puerto Rico bonds, and security selection in the hospitals and health care sector. Performance versus the Index was hurt by security selection in zero-coupon bonds, security selection and an
overweight in bonds rated BBB and below, and security selection and an overweight in the housing sector.
Eaton Vance Pennsylvania Municipal Income Trust
shares at NAV returned 3.46%, outperforming the 0.39% return of the Index. Leverage, an overweight and security selection in insured Puerto Rico bonds, security selection in zero-coupon bonds, and an overweight and security selection in the
hospitals and health care sector all contributed to Fund performance versus the Index. Detractors from performance relative to the Index included security selection in local general obligation bonds, security selection in the resource recovery
sector, and security selection in bonds with coupon rates below 5%.
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 market price (as applicable) with all distributions reinvested and include management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as
changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less
than their original cost. Performance less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as
of the most recent month-end, please refer to eatonvance.com.
Eaton Vance
California Municipal Income Trust
November 30, 2016
Performance2,3
Portfolio Manager Craig R. Brandon, CFA
|
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% Average Annual Total Returns |
|
Inception Date |
|
|
One Year |
|
|
Five Years |
|
|
Ten Years |
|
Fund at NAV |
|
|
01/29/1999 |
|
|
|
1.38 |
% |
|
|
7.81 |
% |
|
|
4.23 |
% |
Fund at Market Price |
|
|
|
|
|
|
0.68 |
|
|
|
5.00 |
|
|
|
4.06 |
|
Bloomberg Barclays Long (22+) Year Municipal Bond Index |
|
|
|
|
|
|
0.39 |
% |
|
|
5.09 |
% |
|
|
4.35 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Premium/Discount to NAV4 |
|
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|
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|
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|
|
|
|
|
|
|
|
|
|
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|
|
|
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9.85 |
% |
|
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|
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|
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Distributions5 |
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Total Distributions per share for the period |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
0.607 |
|
Distribution Rate at NAV |
|
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|
|
|
|
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|
|
|
3.86 |
% |
Taxable-Equivalent Distribution Rate at NAV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.87 |
% |
Distribution Rate at Market Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.29 |
% |
Taxable-Equivalent Distribution Rate at Market Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.74 |
% |
|
|
|
|
|
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|
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% Total Leverage6 |
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|
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|
Auction Preferred Shares (APS) |
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|
|
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|
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|
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|
1.87 |
% |
Institutional MuniFund Term Preferred (iMTP) Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29.28 |
|
Residual Interest Bond (RIB) Financing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.38 |
|
Fund Profile
Credit Quality (% of
total investments)7,8
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 market price (as applicable) with all distributions reinvested and include management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as
changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less
than their original cost. Performance less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as
of the most recent month-end, please refer to eatonvance.com.
Eaton Vance
Massachusetts Municipal Income Trust
November 30, 2016
Performance2,3
Portfolio Manager Craig R. Brandon, CFA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Average Annual Total Returns |
|
Inception Date |
|
|
One Year |
|
|
Five Years |
|
|
Ten Years |
|
Fund at NAV |
|
|
01/29/1999 |
|
|
|
0.05 |
% |
|
|
6.06 |
% |
|
|
4.54 |
% |
Fund at Market Price |
|
|
|
|
|
|
1.02 |
|
|
|
2.99 |
|
|
|
4.46 |
|
Bloomberg Barclays Long (22+) Year Municipal Bond Index |
|
|
|
|
|
|
0.39 |
% |
|
|
5.09 |
% |
|
|
4.35 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Premium/Discount to NAV4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.45 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributions5 |
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|
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|
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|
|
|
|
|
Total Distributions per share for the period |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
0.589 |
|
Distribution Rate at NAV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.61 |
% |
Taxable-Equivalent Distribution Rate at NAV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.72 |
% |
Distribution Rate at Market Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.94 |
% |
Taxable-Equivalent Distribution Rate at Market Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.34 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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% Total Leverage6 |
|
|
|
|
|
|
|
|
|
|
|
|
APS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.26 |
% |
iMTP Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27.17 |
|
RIB Financing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.10 |
|
Fund Profile
Credit Quality (% of
total investments)7,8
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 market price (as applicable) with all distributions reinvested and include management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as
changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less
than their original cost. Performance less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as
of the most recent month-end, please refer to eatonvance.com.
Eaton Vance
Michigan Municipal Income Trust
November 30, 2016
Performance2,3
Portfolio Manager Cynthia J. Clemson
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Average Annual Total Returns |
|
Inception Date |
|
|
One Year |
|
|
Five Years |
|
|
Ten Years |
|
Fund at NAV |
|
|
01/29/1999 |
|
|
|
2.98 |
% |
|
|
7.34 |
% |
|
|
5.40 |
% |
Fund at Market Price |
|
|
|
|
|
|
6.21 |
|
|
|
6.40 |
|
|
|
5.11 |
|
Bloomberg Barclays Long (22+) Year Municipal Bond Index |
|
|
|
|
|
|
0.39 |
% |
|
|
5.09 |
% |
|
|
4.35 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Premium/Discount to NAV4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.96 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributions5 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Distributions per share for the period |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
0.621 |
|
Distribution Rate at NAV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.71 |
% |
Taxable-Equivalent Distribution Rate at NAV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.85 |
% |
Distribution Rate at Market Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.17 |
% |
Taxable-Equivalent Distribution Rate at Market Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.70 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Total Leverage6 |
|
|
|
|
|
|
|
|
|
|
|
|
APS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.39 |
% |
iMTP Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36.07 |
|
Fund Profile
Credit Quality (% of
total investments)7
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 market price (as applicable) with all distributions reinvested and include management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as
changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less
than their original cost. Performance less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as
of the most recent month-end, please refer to eatonvance.com.
Eaton Vance
New Jersey Municipal Income Trust
November 30, 2016
Performance2,3
Portfolio Manager Adam A. Weigold, CFA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Average Annual Total Returns |
|
Inception Date |
|
|
One Year |
|
|
Five Years |
|
|
Ten Years |
|
Fund at NAV |
|
|
01/29/1999 |
|
|
|
2.13 |
% |
|
|
6.48 |
% |
|
|
4.18 |
% |
Fund at Market Price |
|
|
|
|
|
|
1.79 |
|
|
|
3.48 |
|
|
|
3.71 |
|
Bloomberg Barclays Long (22+) Year Municipal Bond Index |
|
|
|
|
|
|
0.39 |
% |
|
|
5.09 |
% |
|
|
4.35 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Premium/Discount to NAV4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
11.02 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributions5 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Distributions per share for the period |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
0.640 |
|
Distribution Rate at NAV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.38 |
% |
Taxable-Equivalent Distribution Rate at NAV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.50 |
% |
Distribution Rate at Market Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.92 |
% |
Taxable-Equivalent Distribution Rate at Market Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9.55 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Total Leverage6 |
|
|
|
|
|
|
|
|
|
|
|
|
APS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.40 |
% |
iMTP Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28.85 |
|
RIB Financing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.30 |
|
Fund Profile
Credit Quality (% of
total investments)7,8
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 market price (as applicable) with all distributions reinvested and include management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as
changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less
than their original cost. Performance less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as
of the most recent month-end, please refer to eatonvance.com.
Eaton Vance
New York Municipal Income Trust
November 30, 2016
Performance2,3
Portfolio Manager Craig R. Brandon, CFA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Average Annual Total Returns |
|
Inception Date |
|
|
One Year |
|
|
Five Years |
|
|
Ten Years |
|
Fund at NAV |
|
|
01/29/1999 |
|
|
|
1.69 |
% |
|
|
7.33 |
% |
|
|
4.66 |
% |
Fund at Market Price |
|
|
|
|
|
|
0.53 |
|
|
|
5.45 |
|
|
|
4.39 |
|
Bloomberg Barclays Long (22+) Year Municipal Bond Index |
|
|
|
|
|
|
0.39 |
% |
|
|
5.09 |
% |
|
|
4.35 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Premium/Discount to NAV4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.52 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributions5 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Distributions per share for the period |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
0.667 |
|
Distribution Rate at NAV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.40 |
% |
Taxable-Equivalent Distribution Rate at NAV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.53 |
% |
Distribution Rate at Market Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.76 |
% |
Taxable-Equivalent Distribution Rate at Market Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9.22 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Total Leverage6 |
|
|
|
|
|
|
|
|
|
|
|
|
APS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.24 |
% |
iMTP Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23.28 |
|
RIB Financing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12.75 |
|
Fund Profile
Credit Quality (% of
total investments)7,8
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 market price (as applicable) with all distributions reinvested and include management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as
changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less
than their original cost. Performance less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as
of the most recent month-end, please refer to eatonvance.com.
Eaton Vance
Ohio Municipal Income Trust
November 30, 2016
Performance2,3
Portfolio Manager Cynthia J. Clemson
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Average Annual Total Returns |
|
Inception Date |
|
|
One Year |
|
|
Five Years |
|
|
Ten Years |
|
Fund at NAV |
|
|
01/29/1999 |
|
|
|
2.26 |
% |
|
|
7.56 |
% |
|
|
5.24 |
% |
Fund at Market Price |
|
|
|
|
|
|
3.83 |
|
|
|
5.84 |
|
|
|
5.05 |
|
Bloomberg Barclays Long (22+) Year Municipal Bond Index |
|
|
|
|
|
|
0.39 |
% |
|
|
5.09 |
% |
|
|
4.35 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Premium/Discount to NAV4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.55 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributions5 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Distributions per share for the period |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
0.691 |
|
Distribution Rate at NAV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.11 |
% |
Taxable-Equivalent Distribution Rate at NAV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.64 |
% |
Distribution Rate at Market Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50 |
% |
Taxable-Equivalent Distribution Rate at Market Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.37 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Total Leverage6 |
|
|
|
|
|
|
|
|
|
|
|
|
APS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.49 |
% |
iMTP Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27.62 |
|
RIB Financing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.18 |
|
Fund Profile
Credit Quality (% of
total investments)7,8
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 market price (as applicable) with all distributions reinvested and include management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as
changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less
than their original cost. Performance less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as
of the most recent month-end, please refer to eatonvance.com.
Eaton Vance
Pennsylvania Municipal Income Trust
November 30, 2016
Performance2,3
Portfolio Manager Adam A. Weigold, CFA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Average Annual Total Returns |
|
Inception Date |
|
|
One Year |
|
|
Five Years |
|
|
Ten Years |
|
Fund at NAV |
|
|
01/29/1999 |
|
|
|
3.46 |
% |
|
|
6.70 |
% |
|
|
4.83 |
% |
Fund at Market Price |
|
|
|
|
|
|
7.06 |
|
|
|
3.79 |
|
|
|
4.35 |
|
Bloomberg Barclays Long (22+) Year Municipal Bond Index |
|
|
|
|
|
|
0.39 |
% |
|
|
5.09 |
% |
|
|
4.35 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Premium/Discount to NAV4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.31 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Distributions5 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Distributions per share for the period |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
0.623 |
|
Distribution Rate at NAV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.99 |
% |
Taxable-Equivalent Distribution Rate at NAV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.27 |
% |
Distribution Rate at Market Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.45 |
% |
Taxable-Equivalent Distribution Rate at Market Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.11 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% Total Leverage6 |
|
|
|
|
|
|
|
|
|
|
|
|
APS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.40 |
% |
iMTP Shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29.89 |
|
Fund Profile
Credit Quality (% of
total investments)7
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 market price (as applicable) with all distributions reinvested and include management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as
changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less
than their original cost. Performance less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as
of the most recent month-end, please refer to eatonvance.com.
Eaton Vance
Municipal Income Trusts
November 30, 2016
Endnotes and Additional Disclosures
1 |
The views expressed in this report are those of the portfolio manager(s) and are current only through the date stated at the top of this page. These views are
subject to change at any time based upon market or other conditions, and Eaton Vance and the Fund(s) disclaim any responsibility to update such views. These views may not be relied upon as investment advice and, because investment decisions are
based on many factors, may not be relied upon as an indication of trading intent on behalf of any Eaton Vance fund. This commentary may contain statements that are not historical facts, referred to as forward looking statements. The
Funds actual future results may differ significantly from those stated in any forward looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases
of Fund shares, the continuation of investment advisory, administrative and service contracts, and other risks discussed from time to time in the Funds filings with the Securities and Exchange Commission. |
2 |
Bloomberg Barclays Long (22+) Year Municipal Bond Index is an unmanaged index of municipal bonds traded in the U.S. with maturities of 22 years or more.
Prior to August 24, 2016, Bloomberg Barclays Long (22+) Year Municipal Bond Index was named Barclays Long (22+) Year Municipal Bond Index. 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. |
3 |
Performance results reflect the effects of leverage. Performance since inception for an index, if presented, is the performance since the Funds or oldest
share class inception, as applicable. Included in the average annual total return at NAV is the impact of the tender and repurchase of a portion of the Funds APS at 95.5% of the Funds APS per share liquidation preference. Had this
transaction not occurred, the total return at NAV would be lower for the Fund. |
4 |
The shares of the Fund often trade at a discount or premium from their net asset value. The discount or premium of the Fund may vary over time and may be higher
or lower than what is quoted in this report. For up-to-date premium/discount information, please refer to http://eatonvance.com/closedend. |
5 |
The Distribution Rate is based on the Funds last regular distribution per share in the period (annualized) divided by the Funds NAV or market price
at the end of the period. The Funds distributions may be comprised of amounts characterized for federal income tax purposes as tax-exempt income, qualified and non-qualified ordinary dividends, capital gains and nondividend distributions, also
known as return of capital. The Fund will determine the federal income tax character of distributions paid to a shareholder after the end of the calendar year. This is reported on the IRS form 1099-DIV and provided to the shareholder shortly after
each year-end. For information about the tax character of distributions made in prior calendar years, please refer to Performance-Tax Character of Distributions on the Funds webpage available at eatonvance.com. The Funds distributions
are determined by the investment adviser based on its current assessment of the Funds long-term return potential. Fund distributions may be affected by numerous factors including changes in Fund performance, the cost of financing for Funds
that employ leverage, portfolio holdings, realized and projected returns, and other factors.
|
|
As portfolio and market conditions change, the rate of distributions paid by the Fund could change. Taxable-equivalent performance is based on the highest combined federal and
state income tax rates, where applicable. Lower tax rates would result in lower tax-equivalent performance. Actual tax rates will vary depending on your income, exemptions and deductions. Rates do not include local taxes. Subsequent distributions
declared, but not reflected in Fund Performance, reflect a reduction of the monthly distribution for Michigan Municipal Income Trust. |
6 |
Fund employs RIB financing and/or APS and iMTP Shares leverage. The leverage created by RIB investments, APS and iMTP Shares provides an opportunity for
increased income but, at the same time, creates special risks (including the likelihood of greater price volatility). The cost of leverage rises and falls with changes in short- term interest rates. See Floating Rate Notes Issued in
Conjunction with Securities Held in the notes to the financial statements for more information about RIB financing. RIB leverage represents the amount of Floating Rate Notes outstanding at period end as a percentage of Fund net assets
applicable to common shares plus APS, iMTP Shares and Floating Rate Notes. APS leverage represents the liquidation value of the Funds APS outstanding at period end as a percentage of Fund net assets applicable to common shares plus APS, iMTP
Shares and Floating Rate Notes. iMTP Shares leverage represents the liquidation value of the Funds iMTP Shares outstanding at period end as a percentage of Fund net assets applicable to common shares plus APS, iMTP Shares and Floating Rate
Notes. The Fund may be required to maintain prescribed asset coverage for its leverage and may be required to reduce its leverage at an inopportune time. |
7 |
Ratings are based on Moodys, S&P or Fitch, as applicable. If securities are
rated differently by the ratings agencies, the higher rating is applied. Ratings, which are subject to change, apply to the creditworthiness of the issuers of the underlying securities and not to the Fund or its shares. Credit ratings measure the
quality of a bond based on the issuers creditworthiness, with ratings ranging from AAA, being the highest, to D, being the lowest based on S&Ps measures. Ratings of BBB or higher by S&P or Fitch (Baa or higher by Moodys)
are considered to be investment- grade quality. Credit ratings are based largely on the ratings agencys analysis at the time of rating. The rating assigned to any particular security is not necessarily a reflection of the issuers current
financial condition and does not necessarily reflect its assessment of the volatility of a securitys market value or of the liquidity of an investment in the security. Holdings designated as Not Rated are not rated by the national
ratings agencies stated above. |
8 |
The chart includes the municipal bonds held by a trust that issues residual interest bonds, consistent with the Portfolio of Investments.
|
|
Fund profile subject to change due to active management.
|
Eaton Vance
California Municipal Income Trust
November 30, 2016
Portfolio of Investments
|
|
|
|
|
|
|
|
|
Tax-Exempt Municipal Securities 152.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Education 9.0% |
|
California Educational Facilities Authority, (Harvey Mudd College), 5.25%, 12/1/31 |
|
$ |
195 |
|
|
$ |
219,127 |
|
California Educational Facilities Authority, (Harvey Mudd College), 5.25%, 12/1/36 |
|
|
330 |
|
|
|
370,831 |
|
California Educational Facilities Authority, (Loyola Marymount University), 5.00%, 10/1/30 |
|
|
745 |
|
|
|
802,879 |
|
California Educational Facilities Authority, (Santa Clara University), 5.00%, 9/1/23 |
|
|
1,600 |
|
|
|
1,851,632 |
|
California Educational Facilities Authority, (University of San Francisco), 6.125%, 10/1/36 |
|
|
235 |
|
|
|
274,386 |
|
California Educational Facilities Authority, (University of the Pacific), 5.00%, 11/1/30 |
|
|
630 |
|
|
|
694,688 |
|
California Municipal Finance Authority, (University of San Diego), 5.00%, 10/1/31 |
|
|
415 |
|
|
|
459,177 |
|
California Municipal Finance Authority, (University of San Diego), 5.00%, 10/1/35 |
|
|
285 |
|
|
|
315,749 |
|
California Municipal Finance Authority, (University of San Diego), 5.25%, 10/1/26 |
|
|
810 |
|
|
|
921,432 |
|
California Municipal Finance Authority, (University of San Diego), 5.25%, 10/1/27 |
|
|
850 |
|
|
|
959,854 |
|
California Municipal Finance Authority, (University of San Diego), 5.25%, 10/1/28 |
|
|
895 |
|
|
|
1,005,452 |
|
University of California, Prerefunded to 5/15/19, 5.25%, 5/15/39 |
|
|
895 |
|
|
|
977,483 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,852,690 |
|
|
|
|
|
|
|
|
|
|
|
Electric Utilities 8.6% |
|
Chula Vista, (San Diego Gas and Electric), 5.875%, 2/15/34 |
|
$ |
270 |
|
|
$ |
294,300 |
|
Los Angeles Department of Water and Power, Electric System Revenue, 5.25%, 7/1/32 |
|
|
2,170 |
|
|
|
2,295,643 |
|
Northern California Power Agency, 5.25%, 8/1/24 |
|
|
1,500 |
|
|
|
1,656,900 |
|
Sacramento Municipal Utility District, 5.00%, 8/15/27 |
|
|
995 |
|
|
|
1,122,340 |
|
Sacramento Municipal Utility District, 5.00%, 8/15/28 |
|
|
1,335 |
|
|
|
1,504,572 |
|
Southern California Public Power Authority, (Tieton Hydropower), 5.00%, 7/1/35 |
|
|
680 |
|
|
|
742,968 |
|
Vernon, Electric System Revenue, 5.125%, 8/1/21 |
|
|
775 |
|
|
|
832,280 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,449,003 |
|
|
|
|
|
|
|
|
|
|
|
Escrowed / Prerefunded 12.9% |
|
California Department of Water Resources, Prerefunded to 6/1/18, 5.00%, 12/1/29 |
|
$ |
715 |
|
|
$ |
756,413 |
|
California Educational Facilities Authority, (Claremont McKenna College), Prerefunded to 1/1/19, 5.00%, 1/1/39 |
|
|
3,135 |
|
|
|
3,368,213 |
|
California Educational Facilities Authority, (University of Southern California), Prerefunded to 10/1/18,
5.25%, 10/1/39 |
|
|
2,490 |
|
|
|
2,676,103 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Escrowed / Prerefunded (continued) |
|
California Health Facilities Financing Authority, (Providence Health System), Prerefunded to 10/1/18,
6.50%, 10/1/38 |
|
$
|
1,475 |
|
|
$
|
1,618,075 |
|
Sacramento Municipal Utility District, Prerefunded to 8/15/21, 5.00%, 8/15/27 |
|
|
340 |
|
|
|
389,065 |
|
Sacramento Municipal Utility District, Prerefunded to 8/15/21, 5.00%, 8/15/28 |
|
|
460 |
|
|
|
526,383 |
|
San Mateo Union High School District, (Election of 2006), Prerefunded to 9/1/23, 5.00%, 9/1/27 |
|
|
665 |
|
|
|
785,338 |
|
San Mateo Union High School District, (Election of 2006), Prerefunded to 9/1/23, 5.00%, 9/1/28 |
|
|
1,130 |
|
|
|
1,334,485 |
|
Tustin Community Facilities District No. 07-1, Prerefunded to 9/1/17, 6.00%, 9/1/37 |
|
|
500 |
|
|
|
518,975 |
|
University of California, Prerefunded to 5/15/19, 5.25%, 5/15/39 |
|
|
355 |
|
|
|
388,437 |
|
Vernon, Electric System Revenue, Prerefunded to 8/1/19, 5.125%, 8/1/21 |
|
|
335 |
|
|
|
358,530 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,720,017 |
|
|
|
|
|
|
|
|
|
|
|
General Obligations 27.1% |
|
California, 5.00%, 10/1/31 |
|
$ |
1,885 |
|
|
$ |
2,142,227 |
|
California, 5.50%, 11/1/35 |
|
|
1,600 |
|
|
|
1,800,928 |
|
California, 6.00%, 4/1/38 |
|
|
750 |
|
|
|
820,193 |
|
Escondido, 5.00%, 9/1/36 |
|
|
1,000 |
|
|
|
1,117,790 |
|
Palo Alto, (Election of 2008), 5.00%, 8/1/40 |
|
|
3,655 |
|
|
|
4,013,190 |
|
Redondo Beach Unified School District, (Election of 2012), 4.00%, 8/1/40 |
|
|
1,000 |
|
|
|
995,410 |
|
San Bernardino Community College District, 4.00%, 8/1/30 |
|
|
2,890 |
|
|
|
3,010,108 |
|
San Dieguito Union High School District, (Election of 2012), 4.00%, 8/1/30 |
|
|
1,545 |
|
|
|
1,632,926 |
|
San Jose-Evergreen Community College District, (Election of 2010), 5.00%, 8/1/35 |
|
|
860 |
|
|
|
959,631 |
|
San Mateo Union High School District, (Election of 2006), 5.00%, 9/1/27 |
|
|
650 |
|
|
|
744,426 |
|
San Mateo Union High School District, (Election of 2006), 5.00%, 9/1/28 |
|
|
1,100 |
|
|
|
1,255,892 |
|
Santa Clara County, (Election of 2008),
5.00%, 8/1/39(1)(2) |
|
|
3,180 |
|
|
|
3,435,481 |
|
Santa Clarita Community College District, 4.00%, 8/1/46 |
|
|
2,500 |
|
|
|
2,448,775 |
|
Torrance Unified School District, (Election of 2008), 5.00%, 8/1/35 |
|
|
2,150 |
|
|
|
2,383,404 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
26,760,381 |
|
|
|
|
|
|
|
|
|
|
|
Hospital 13.1% |
|
California Health Facilities Financing Authority, (Catholic Healthcare West), 5.25%, 3/1/27 |
|
$ |
1,000 |
|
|
$ |
1,124,540 |
|
California Health Facilities Financing Authority, (Catholic Healthcare West), 5.25%, 3/1/28 |
|
|
190 |
|
|
|
211,780 |
|
|
|
|
|
|
|
|
12 |
|
See Notes to Financial Statements. |
Eaton Vance
California Municipal Income Trust
November 30, 2016
Portfolio of Investments continued
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Hospital (continued) |
|
California Health Facilities Financing Authority, (City of Hope), 5.00%, 11/15/32 |
|
$
|
635 |
|
|
$
|
697,274 |
|
California Health Facilities Financing Authority, (City of Hope), 5.00%, 11/15/35 |
|
|
910 |
|
|
|
997,169 |
|
California Health Facilities Financing Authority, (Memorial Health Services), 5.00%, 10/1/27 |
|
|
2,000 |
|
|
|
2,247,640 |
|
California Health Facilities Financing Authority, (Memorial Health Services), 5.00%, 10/1/33 |
|
|
1,000 |
|
|
|
1,106,020 |
|
California Health Facilities Financing Authority, (St. Joseph Health System), 5.00%, 7/1/33 |
|
|
1,145 |
|
|
|
1,259,340 |
|
California Health Facilities Financing Authority, (St. Joseph Health System), 5.00%, 7/1/37 |
|
|
535 |
|
|
|
585,113 |
|
Torrance, (Torrance Memorial Medical Center), 5.50%, 6/1/31 |
|
|
1,900 |
|
|
|
1,928,842 |
|
Washington Township Health Care District, 5.00%, 7/1/32 |
|
|
2,780 |
|
|
|
2,808,912 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,966,630 |
|
|
|
|
|
|
|
|
|
|
|
Insured Education 1.5% |
|
California Educational Facilities Authority, (Santa Clara University), (NPFG), 5.00%, 9/1/23 |
|
$ |
1,250 |
|
|
$ |
1,446,587 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,446,587 |
|
|
|
|
|
|
|
|
|
|
|
Insured Escrowed / Prerefunded
18.0% |
|
California Statewide Communities Development Authority, (Sutter Health), (AMBAC), (BHAC), Prerefunded to 5/15/17, 5.00%, 11/15/38(2) |
|
$ |
5,000 |
|
|
$ |
5,094,900 |
|
Foothill/Eastern Transportation Corridor Agency, (AGC), (AGM), Escrowed to Maturity, 0.00%, 1/1/26 |
|
|
5,130 |
|
|
|
3,988,267 |
|
Glendale, Electric System Revenue, (AGC), Prerefunded to 2/1/18, 5.00%, 2/1/31 |
|
|
2,790 |
|
|
|
2,918,145 |
|
Riverside Community College District, (Election of 2004), (AGM), (NPFG), Prerefunded to 8/1/17, 5.00%, 8/1/32 |
|
|
2,005 |
|
|
|
2,061,120 |
|
San Diego County Water Authority Certificates of Participation, (AGM), Prerefunded to 5/1/18, 5.00%, 5/1/38(2) |
|
|
3,500 |
|
|
|
3,693,410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
17,755,842 |
|
|
|
|
|
|
|
|
|
|
|
Insured General Obligations 4.8% |
|
Cotati-Rohnert Park Unified School District, (BAM), 5.00%, 8/1/39 |
|
$ |
1,000 |
|
|
$ |
1,090,960 |
|
Sweetwater Union High School District, (Election of 2000), (AGM), 0.00%, 8/1/25 |
|
|
4,720 |
|
|
|
3,635,769 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,726,729 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Insured Lease Revenue / Certificates of
Participation 4.4% |
|
Anaheim Public Financing Authority, (Public Improvements), (AGM), 0.00%, 9/1/17 |
|
$ |
4,410 |
|
|
$ |
4,370,927 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,370,927 |
|
|
|
|
|
|
|
|
|
|
|
Insured Special Tax Revenue 5.3% |
|
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45 |
|
$ |
4,850 |
|
|
$ |
968,206 |
|
Successor Agency to Dinuba Redevelopment Agency, (BAM), 5.00%, 9/1/28 |
|
|
370 |
|
|
|
418,551 |
|
Successor Agency to Hawthorne Community Redevelopment Agency, (AGM), 5.00%, 9/1/32 |
|
|
1,385 |
|
|
|
1,554,829 |
|
Successor Agency to San Francisco City and County Redevelopment Agency, (NPFG), 5.00%, 8/1/41 |
|
|
2,100 |
|
|
|
2,321,928 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,263,514 |
|
|
|
|
|
|
|
|
|
|
|
Insured Transportation 8.9% |
|
Alameda Corridor Transportation Authority, (AMBAC), 0.00%, 10/1/29 |
|
$ |
5,000 |
|
|
$ |
2,821,500 |
|
Alameda Corridor Transportation Authority, (NPFG), 0.00%, 10/1/31 |
|
|
4,500 |
|
|
|
2,455,470 |
|
Puerto Rico Highway and Transportation Authority, (AGC), 5.25%, 7/1/41 |
|
|
740 |
|
|
|
850,941 |
|
San Jose, Airport Revenue, (AGM), (AMBAC), (BHAC), (AMT), 5.00%, 3/1/37 |
|
|
1,275 |
|
|
|
1,285,289 |
|
San Jose, Airport Revenue, (AGM), (AMBAC), (BHAC), (AMT), 6.00%, 3/1/47 |
|
|
1,350 |
|
|
|
1,364,661 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,777,861 |
|
|
|
|
|
|
|
|
|
|
|
Lease Revenue / Certificates of Participation
1.0% |
|
California Public Works Board, 5.00%, 11/1/38 |
|
$ |
915 |
|
|
$ |
1,015,284 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,015,284 |
|
|
|
|
|
|
|
|
|
|
|
Other Revenue 0.4% |
|
California Infrastructure and Economic Development Bank, (Performing Arts Center of Los Angeles), 5.00%, 12/1/32 |
|
$ |
385 |
|
|
$ |
396,023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
396,023 |
|
|
|
|
|
|
|
|
|
|
|
Senior Living / Life Care 1.6% |
|
ABAG Finance Authority for Nonprofit Corporations, (Episcopal Senior Communities), 6.00%, 7/1/31 |
|
$ |
290 |
|
|
$ |
318,145 |
|
California Statewide Communities Development Authority, (Southern California Presbyterian Homes), 7.25%, 11/15/41(3) |
|
|
600 |
|
|
|
666,090 |
|
California Statewide Communities Development Authority, (The Redwoods, a Community of Seniors), 5.125%, 11/15/35 |
|
|
535 |
|
|
|
604,475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,588,710 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13 |
|
See Notes to Financial Statements. |
Eaton Vance
California Municipal Income Trust
November 30, 2016
Portfolio of Investments continued
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Special Tax Revenue 16.5% |
|
Aliso Viejo Community Facilities District No. 2005-01, Special Tax Revenue, (Glenwood at Aliso Viejo),
5.00%, 9/1/30 |
|
$ |
770 |
|
|
$ |
846,661 |
|
Brentwood Infrastructure Financing Authority, 5.00%, 9/2/26 |
|
|
285 |
|
|
|
291,116 |
|
Brentwood Infrastructure Financing Authority, 5.00%, 9/2/34 |
|
|
460 |
|
|
|
469,536 |
|
Fontana Redevelopment Agency, (Jurupa Hills), 5.60%, 10/1/27 |
|
|
1,590 |
|
|
|
1,611,847 |
|
Los Angeles County Community Facilities District No. 3, (Valencia/Newhall Area), 5.00%, 9/1/22 |
|
|
240 |
|
|
|
270,276 |
|
Los Angeles County Community Facilities District No. 3, (Valencia/Newhall Area), 5.00%, 9/1/23 |
|
|
480 |
|
|
|
540,936 |
|
Los Angeles County Community Facilities District No. 3, (Valencia/Newhall Area), 5.00%, 9/1/24 |
|
|
240 |
|
|
|
270,468 |
|
Los Angeles County Community Facilities District No. 3, (Valencia/Newhall Area), 5.00%, 9/1/25 |
|
|
335 |
|
|
|
377,042 |
|
Los Angeles County Community Facilities District No. 3, (Valencia/Newhall Area), 5.00%, 9/1/26 |
|
|
240 |
|
|
|
270,120 |
|
San Francisco Bay Area Rapid Transit District, Sales Tax Revenue, 5.00%, 7/1/28 |
|
|
2,400 |
|
|
|
2,637,432 |
|
Santa Clara Valley Transportation Authority, Sales Tax Revenue, 5.00%, 4/1/34 |
|
|
1,500 |
|
|
|
1,691,445 |
|
Santa Clara Valley Transportation Authority, Sales Tax Revenue, 5.00%, 4/1/36 |
|
|
1,250 |
|
|
|
1,403,712 |
|
South Orange County Public Financing Authority, Special Tax Revenue, (Ladera Ranch), 5.00%, 8/15/27 |
|
|
485 |
|
|
|
536,478 |
|
South Orange County Public Financing Authority, Special Tax Revenue, (Ladera Ranch), 5.00%, 8/15/28 |
|
|
725 |
|
|
|
799,668 |
|
Successor Agency to La Quinta Redevelopment Agency, 5.00%, 9/1/28 |
|
|
1,600 |
|
|
|
1,815,456 |
|
Successor Agency to Union City Community Redevelopment Agency, 5.00%, 10/1/32 |
|
|
1,360 |
|
|
|
1,532,557 |
|
Successor Agency to Union City Community Redevelopment Agency, 5.00%, 10/1/36 |
|
|
800 |
|
|
|
889,208 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
16,253,958 |
|
|
|
|
|
|
|
|
|
|
|
Transportation 12.3% |
|
Bay Area Toll Authority, Toll Bridge Revenue, (San Francisco Bay Area), Prerefunded to 4/1/19, 5.25%, 4/1/29 |
|
$ |
1,000 |
|
|
$ |
1,089,010 |
|
Los Angeles Department of Airports, (Los Angeles International Airport), 5.00%, 5/15/35(1)(2) |
|
|
2,120 |
|
|
|
2,318,050 |
|
Los Angeles Department of Airports, (Los Angeles International Airport), (AMT), 5.00%, 5/15/41 |
|
|
1,500 |
|
|
|
1,625,760 |
|
Los Angeles Department of Airports, (Los Angeles International Airport), (AMT), 5.375%, 5/15/30 |
|
|
1,500 |
|
|
|
1,572,600 |
|
San Francisco City and County Airport Commission, (San Francisco International Airport), 5.00%, 5/1/35 |
|
|
2,760 |
|
|
|
2,993,579 |
|
San Joaquin Hills Transportation Corridor Agency, 5.00%, 1/15/34 |
|
|
2,265 |
|
|
|
2,482,893 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,081,892 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Water and Sewer 6.9% |
|
Los Angeles, Wastewater System Revenue, 5.00%, 6/1/45 |
|
$ |
1,925 |
|
|
$ |
2,143,256 |
|
Metropolitan Water District of Southern California, 5.00%, 7/1/40 |
|
|
1,000 |
|
|
|
1,128,570 |
|
San Mateo, Sewer Revenue, 5.00%, 8/1/36 |
|
|
1,700 |
|
|
|
1,864,662 |
|
Upper Santa Clara Joint Powers Financing Authority, 5.00%, 8/1/41 |
|
|
1,500 |
|
|
|
1,692,345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,828,833 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Tax-Exempt Municipal Securities 152.3% (identified cost $142,353,702) |
|
|
$ |
150,254,881 |
|
|
|
|
|
|
|
|
|
|
|
Taxable Municipal Securities 6.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
Hospital 2.0% |
|
California Statewide Communities Development Authority, (Loma Linda University Medical Center), 6.00%, 12/1/24 |
|
$ |
1,750 |
|
|
$ |
1,905,645 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,905,645 |
|
|
|
|
|
|
|
|
|
|
|
Insured Special Tax Revenue 3.8% |
|
Successor Agency to Roseville Redevelopment Agency, (BAM), 4.066%, 9/1/40 |
|
$ |
4,000 |
|
|
$ |
3,777,440 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,777,440 |
|
|
|
|
|
|
|
|
|
|
|
Other Revenue 1.1% |
|
California Infrastructure and Economic Development Bank, (The Scripps Research Institute), 3.42%, 7/1/36 |
|
$ |
1,200 |
|
|
$ |
1,098,468 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,098,468 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Taxable Municipal Securities 6.9% (identified cost $6,950,000) |
|
|
$ |
6,781,553 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 159.2% (identified cost $149,303,702) |
|
|
$ |
157,036,434 |
|
|
|
|
|
|
|
|
|
|
|
|
Auction Preferred Shares Plus Cumulative Unpaid Dividends (3.0)% |
|
|
$ |
(3,000,118 |
) |
|
|
|
|
|
|
|
|
|
|
|
Institutional MuniFund Term Preferred Shares, at Liquidation Value (47.6)% |
|
|
$ |
(46,975,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
Other Assets, Less Liabilities (8.6)% |
|
|
$ |
(8,428,467 |
) |
|
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares 100.0% |
|
|
$ |
98,632,849 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14 |
|
See Notes to Financial Statements. |
Eaton Vance
California Municipal Income Trust
November 30, 2016
Portfolio of Investments continued
The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable
to common shares.
The Trust invests primarily in debt securities issued by California municipalities. The ability of the issuers of the debt securities
to meet their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at November 30, 2016, 29.4% of total investments are backed by
bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 3.4% to 14.0% of total
investments.
(1) |
Security (or a portion thereof) has been pledged as collateral for residual interest bond transactions. The aggregate value of such collateral is $1,778,532.
|
(2) |
Security represents the municipal bond held by a trust that issues residual interest bonds (see Note 1G). |
(3) |
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in
reliance on an exemption from registration (normally to qualified institutional buyers). At November 30, 2016, the aggregate value of these securities is $666,090 or 0.7% of the Trusts net assets applicable to common shares.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures Contracts |
|
Description |
|
Contracts |
|
|
Position |
|
|
Expiration Month/Year |
|
|
Aggregate Cost |
|
|
Value |
|
|
Net Unrealized Appreciation |
|
|
|
|
|
|
|
|
Interest Rate Futures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. 10-Year Treasury Note |
|
|
38 |
|
|
|
Short |
|
|
|
Mar-17 |
|
|
$ |
(4,745,453 |
) |
|
$ |
(4,731,594 |
) |
|
$ |
13,859 |
|
U.S. Long Treasury Bond |
|
|
29 |
|
|
|
Short |
|
|
|
Mar-17 |
|
|
|
(4,410,880 |
) |
|
|
(4,387,156 |
) |
|
|
23,724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
37,583 |
|
Abbreviations:
|
|
|
|
|
AGC |
|
|
|
Assured Guaranty Corp. |
AGM |
|
|
|
Assured Guaranty Municipal Corp. |
AMBAC |
|
|
|
AMBAC Financial Group, Inc. |
AMT |
|
|
|
Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum
Tax. |
|
|
|
|
|
BAM |
|
|
|
Build America Mutual Assurance Co. |
BHAC |
|
|
|
Berkshire Hathaway Assurance Corp. |
NPFG |
|
|
|
National Public Finance Guaranty Corp. |
|
|
|
|
|
|
|
15 |
|
See Notes to Financial Statements. |
Eaton Vance
Massachusetts Municipal Income Trust
November 30, 2016
Portfolio of Investments
|
|
|
|
|
|
|
|
|
Tax-Exempt Municipal Securities 150.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Bond Bank 5.8% |
|
Massachusetts Water Pollution Abatement Trust, 5.25%, 8/1/33 |
|
$ |
910 |
|
|
$ |
1,113,685 |
|
Massachusetts Water Pollution Abatement Trust, 5.25%, 8/1/34 |
|
|
990 |
|
|
|
1,212,394 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,326,079 |
|
|
|
|
|
|
|
|
|
|
|
Education 29.0% |
|
Massachusetts Development Finance Agency, (Bentley University), 5.00%, 7/1/40 |
|
$ |
1,000 |
|
|
$ |
1,095,630 |
|
Massachusetts Development Finance Agency, (Boston University), 5.00%, 10/1/46 |
|
|
1,000 |
|
|
|
1,090,810 |
|
Massachusetts Development Finance Agency, (Dexter Southfield), 5.00%, 5/1/34 |
|
|
1,665 |
|
|
|
1,776,838 |
|
Massachusetts Development Finance Agency, (Milton Academy), 5.00%, 9/1/35 |
|
|
1,080 |
|
|
|
1,182,859 |
|
Massachusetts Development Finance Agency, (Northeastern University), 5.00%, 3/1/33 |
|
|
770 |
|
|
|
842,865 |
|
Massachusetts Development Finance Agency, (Worcester Polytechnic Institute), 5.00%, 9/1/52 |
|
|
1,000 |
|
|
|
1,082,530 |
|
Massachusetts Health and Educational Facilities Authority, (Berklee College of Music), 5.00%, 10/1/32 |
|
|
105 |
|
|
|
108,022 |
|
Massachusetts Health and Educational Facilities Authority, (Boston College), 5.50%, 6/1/35 |
|
|
1,640 |
|
|
|
2,053,182 |
|
Massachusetts Health and Educational Facilities Authority, (Northeastern University), 5.00%, 10/1/35 |
|
|
1,350 |
|
|
|
1,471,513 |
|
University of Massachusetts Building Authority, 5.00%, 11/1/39 |
|
|
750 |
|
|
|
839,033 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
11,543,282 |
|
|
|
|
|
|
|
|
|
|
|
Escrowed / Prerefunded 23.2% |
|
Massachusetts Bay Transportation Authority, Prerefunded to 7/1/18, 5.25%, 7/1/34 |
|
$ |
140 |
|
|
$ |
149,064 |
|
Massachusetts Bay Transportation Authority, Sales Tax Revenue, Prerefunded to 7/1/17, 0.00%, 7/1/31 |
|
|
1,665 |
|
|
|
852,164 |
|
Massachusetts Bay Transportation Authority, Sales Tax Revenue, Prerefunded to 7/1/17, 0.00%, 7/1/34 |
|
|
5,195 |
|
|
|
2,302,320 |
|
Massachusetts Development Finance Agency, (New England Conservatory of Music), Prerefunded to 7/1/18, 5.25%, 7/1/38 |
|
|
625 |
|
|
|
664,544 |
|
Massachusetts Development Finance Agency, (Partners HealthCare System), Prerefunded to 7/1/17, 5.00%, 7/1/32 |
|
|
1,055 |
|
|
|
1,080,404 |
|
Massachusetts Health and Educational Facilities Authority, (Berklee College of Music), Prerefunded to 10/1/17,
5.00%, 10/1/32 |
|
|
1,395 |
|
|
|
1,442,876 |
|
Massachusetts Health and Educational Facilities Authority, (Massachusetts Institute of Technology), Prerefunded to 7/1/17,
5.00%, 7/1/38 |
|
|
415 |
|
|
|
425,217 |
|
Massachusetts Health and Educational Facilities Authority, (Tufts University), Prerefunded to 8/15/18,
5.375%, 8/15/38 |
|
|
1,420 |
|
|
|
1,517,867 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Escrowed / Prerefunded (continued) |
|
Newton, Prerefunded to 4/1/19, 5.00%, 4/1/36 |
|
$
|
750 |
|
|
$
|
812,280 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
9,246,736 |
|
|
|
|
|
|
|
|
|
|
|
General Obligations 10.3% |
|
Boston, 4.00%, 4/1/24 |
|
$ |
300 |
|
|
$ |
324,732 |
|
Danvers, 5.25%, 7/1/36 |
|
|
885 |
|
|
|
997,183 |
|
Lexington, 4.00%, 2/1/23 |
|
|
355 |
|
|
|
395,331 |
|
Plymouth, 5.00%, 5/1/31 |
|
|
345 |
|
|
|
380,211 |
|
Plymouth, 5.00%, 5/1/32 |
|
|
315 |
|
|
|
347,149 |
|
Wayland, 5.00%, 2/1/33 |
|
|
510 |
|
|
|
561,586 |
|
Wayland, 5.00%, 2/1/36 |
|
|
770 |
|
|
|
846,276 |
|
Winchester, 5.00%, 4/15/36 |
|
|
245 |
|
|
|
270,855 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,123,323 |
|
|
|
|
|
|
|
|
|
|
|
Hospital 28.1% |
|
Massachusetts Development Finance Agency, (Berkshire Health Systems), 5.00%, 10/1/31 |
|
$ |
1,000 |
|
|
$ |
1,072,600 |
|
Massachusetts Development Finance Agency, (CareGroup), 5.00%, 7/1/25 |
|
|
600 |
|
|
|
698,382 |
|
Massachusetts Development Finance Agency, (CareGroup), 5.00%, 7/1/33 |
|
|
180 |
|
|
|
199,447 |
|
Massachusetts Development Finance Agency, (Childrens Hospital), 5.00%, 10/1/31 |
|
|
525 |
|
|
|
600,180 |
|
Massachusetts Development Finance Agency, (Lahey Health System Obligated Group), 5.00%, 8/15/40 |
|
|
1,250 |
|
|
|
1,364,138 |
|
Massachusetts Development Finance Agency, (South Shore Hospital), 5.00%, 7/1/41 |
|
|
500 |
|
|
|
541,750 |
|
Massachusetts Development Finance Agency, (Tufts Medical Center), 7.25%, 1/1/32 |
|
|
600 |
|
|
|
700,374 |
|
Massachusetts Development Finance Agency, (UMass Memorial), 5.50%, 7/1/31 |
|
|
555 |
|
|
|
606,310 |
|
Massachusetts Health and Educational Facilities Authority, (Baystate Medical Center, Inc.), 5.75%, 7/1/36 |
|
|
1,210 |
|
|
|
1,309,123 |
|
Massachusetts Health and Educational Facilities Authority, (Childrens Hospital), 5.25%, 12/1/39 |
|
|
500 |
|
|
|
542,380 |
|
Massachusetts Health and Educational Facilities Authority, (Dana-Farber Cancer Institute), 5.00%, 12/1/37 |
|
|
1,135 |
|
|
|
1,193,963 |
|
Massachusetts Health and Educational Facilities Authority, (Lowell General Hospital), 5.125%, 7/1/35 |
|
|
970 |
|
|
|
1,030,392 |
|
Massachusetts Health and Educational Facilities Authority, (Partners HealthCare System), 5.00%, 7/1/32 |
|
|
945 |
|
|
|
964,278 |
|
Massachusetts Health and Educational Facilities Authority, (Southcoast Health System), 5.00%, 7/1/29 |
|
|
350 |
|
|
|
368,043 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
11,191,360 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16 |
|
See Notes to Financial Statements. |
Eaton Vance
Massachusetts Municipal Income Trust
November 30, 2016
Portfolio of Investments continued
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Housing 2.2% |
|
Massachusetts Housing Finance Agency, 3.35%, 12/1/41 |
|
$ |
1,000 |
|
|
$ |
884,820 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
884,820 |
|
|
|
|
|
|
|
|
|
|
|
Industrial Development Revenue 2.0% |
|
Massachusetts Development Finance Agency, (Covanta Energy), (AMT), 4.875%, 11/1/27(1) |
|
$ |
800 |
|
|
$ |
801,824 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
801,824 |
|
|
|
|
|
|
|
|
|
|
|
Insured Education 7.2% |
|
Massachusetts College Building Authority, (XLCA), 5.50%, 5/1/39 |
|
$ |
1,000 |
|
|
$ |
1,214,960 |
|
Massachusetts Development Finance Agency, (College of the Holy Cross), (AMBAC), 5.25%, 9/1/32(2)(3) |
|
|
1,365 |
|
|
|
1,654,162 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,869,122 |
|
|
|
|
|
|
|
|
|
|
|
Insured Electric Utilities 1.5% |
|
Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/29 |
|
$ |
550 |
|
|
$ |
596,789 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
596,789 |
|
|
|
|
|
|
|
|
|
|
|
Insured Escrowed / Prerefunded
3.5% |
|
Massachusetts School Building Authority, Dedicated Sales Tax Revenue, (AMBAC), Prerefunded to 8/15/17, 5.00%, 8/15/37(2) |
|
$ |
1,340 |
|
|
$ |
1,378,807 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,378,807 |
|
|
|
|
|
|
|
|
|
|
|
Insured General Obligations 3.2% |
|
Massachusetts, (AMBAC), 5.50%, 8/1/30 |
|
$ |
1,000 |
|
|
$ |
1,259,340 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,259,340 |
|
|
|
|
|
|
|
|
|
|
|
Insured Hospital 0.9% |
|
Massachusetts Health and Educational Facilities Authority, (Cape Cod Healthcare), (AGC), 5.00%, 11/15/25 |
|
$ |
335 |
|
|
$ |
364,875 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
364,875 |
|
|
|
|
|
|
|
|
|
|
|
Insured Other Revenue 1.9% |
|
Massachusetts Development Finance Agency, (WGBH Educational Foundation), (AMBAC), 5.75%, 1/1/42 |
|
$ |
590 |
|
|
$ |
749,365 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
749,365 |
|
|
|
|
|
|
|
|
|
|
|
Insured Special Tax Revenue 9.6% |
|
Marthas Vineyard Land Bank, (BAM), 5.00%, 5/1/25 |
|
$ |
900 |
|
|
$ |
1,043,235 |
|
Marthas Vineyard Land Bank, (BAM), 5.00%, 5/1/28 |
|
|
1,195 |
|
|
|
1,356,337 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Insured Special Tax Revenue (continued) |
|
Massachusetts, Special Obligation, Dedicated Tax Revenue, (NPFG), 5.50%, 1/1/29 |
|
$
|
1,000 |
|
|
$
|
1,218,900 |
|
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45 |
|
|
1,105 |
|
|
|
220,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,839,063 |
|
|
|
|
|
|
|
|
|
|
|
Insured Student Loan 0.5% |
|
Massachusetts Educational Financing Authority, (AGC), (AMT), 6.35%, 1/1/30 |
|
$ |
185 |
|
|
$ |
193,286 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
193,286 |
|
|
|
|
|
|
|
|
|
|
|
Insured Transportation 0.8% |
|
Massachusetts Port Authority, (Bosfuel Project), (NPFG), (AMT), 5.00%, 7/1/32 |
|
$ |
315 |
|
|
$ |
319,879 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
319,879 |
|
|
|
|
|
|
|
|
|
|
|
Other Revenue 2.7% |
|
Massachusetts Health and Educational Facilities Authority, (Isabella Stewart Gardner Museum), Prerefunded to 5/1/19,
5.00%, 5/1/22 |
|
$ |
500 |
|
|
$ |
542,840 |
|
Massachusetts Health and Educational Facilities Authority, (Isabella Stewart Gardner Museum), Prerefunded to 5/1/19,
5.00%, 5/1/25 |
|
|
505 |
|
|
|
548,268 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,091,108 |
|
|
|
|
|
|
|
|
|
|
|
Senior Living / Life Care 1.8% |
|
Massachusetts Development Finance Agency, (Carleton-Willard Village), 5.625%, 12/1/30 |
|
$ |
125 |
|
|
$ |
135,290 |
|
Massachusetts Development Finance Agency, (VOA Concord Assisted Living, Inc.), 5.125%, 11/1/27(1) |
|
|
140 |
|
|
|
140,128 |
|
Massachusetts Development Finance Agency, (VOA Concord Assisted Living, Inc.), 5.20%, 11/1/41(1) |
|
|
475 |
|
|
|
458,769 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
734,187 |
|
|
|
|
|
|
|
|
|
|
|
Student Loan 3.3% |
|
Massachusetts Educational Financing Authority, (AMT), 3.50%, 7/1/33 |
|
$ |
1,500 |
|
|
$ |
1,314,735 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,314,735 |
|
|
|
|
|
|
|
|
|
|
|
Transportation 10.8% |
|
Massachusetts Department of Transportation, (Metropolitan Highway System), 5.00%, 1/1/37 |
|
$ |
1,500 |
|
|
$ |
1,615,770 |
|
Massachusetts Port Authority, 5.00%, 7/1/28 |
|
|
500 |
|
|
|
555,685 |
|
|
|
|
|
|
|
|
17 |
|
See Notes to Financial Statements. |
Eaton Vance
Massachusetts Municipal Income Trust
November 30, 2016
Portfolio of Investments continued
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Transportation (continued) |
|
Massachusetts Port Authority, 5.00%, 7/1/34 |
|
$
|
670 |
|
|
$
|
731,070 |
|
Massachusetts Port Authority, 5.00%, 7/1/45 |
|
|
1,250 |
|
|
|
1,386,025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,288,550 |
|
|
|
|
|
|
|
|
|
|
|
Water and Sewer 2.0% |
|
Boston Water and Sewer Commission, Prerefunded to 11/1/19, 5.00%, 11/1/29 |
|
$ |
495 |
|
|
$ |
545,094 |
|
Boston Water and Sewer Commission, Prerefunded to 11/1/19, 5.00%, 11/1/31 |
|
|
225 |
|
|
|
247,770 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
792,864 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Tax-Exempt Municipal Securities 150.3% (identified cost $56,975,900) |
|
|
$ |
59,909,394 |
|
|
|
|
|
|
|
|
|
|
|
Taxable Municipal Securities 2.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
Student Loan 2.0% |
|
Massachusetts Educational Financing Authority, 4.70%, 1/1/30 |
|
$ |
750 |
|
|
$ |
785,332 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Taxable Municipal Securities 2.0% (identified cost $735,750) |
|
|
$ |
785,332 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 152.3% (identified cost $57,711,650) |
|
|
$ |
60,694,726 |
|
|
|
|
|
|
|
|
|
|
|
|
Auction Preferred Shares Plus Cumulative Unpaid Dividends (8.2)% |
|
|
$ |
(3,250,008 |
) |
|
|
|
|
|
|
|
|
|
|
|
Institutional MuniFund Term Preferred Shares, at Liquidation Value (42.1)% |
|
|
$ |
(16,800,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
Other Assets, Less Liabilities (2.0)% |
|
|
$ |
(782,816 |
) |
|
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares 100.0% |
|
|
$ |
39,861,902 |
|
|
|
|
|
|
|
|
|
|
The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable
to common shares.
The Trust invests primarily in debt securities issued by Massachusetts municipalities. The ability of the issuers of the debt
securities to meet their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at November 30, 2016, 19.1% of total investments are
backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 0.9% to 8.3% of total
investments.
(1) |
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in
reliance on an exemption from registration (normally to qualified institutional buyers). At November 30, 2016, the aggregate value of these securities is $1,400,721 or 3.5% of the Trusts net assets applicable to common shares.
|
(2) |
Security represents the municipal bond held by a trust that issues residual interest bonds (see Note 1G). |
(3) |
Security (or a portion thereof) has been pledged as collateral for residual interest bond transactions. The aggregate value of such collateral is $744,162.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures Contracts |
|
Description |
|
Contracts |
|
|
Position |
|
|
Expiration Month/Year |
|
|
Aggregate Cost |
|
|
Value |
|
|
Net Unrealized Appreciation |
|
|
|
|
|
|
|
|
Interest Rate Futures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Long Treasury Bond |
|
|
23 |
|
|
|
Short |
|
|
|
Mar-17 |
|
|
$ |
(3,498,285 |
) |
|
$ |
(3,479,469 |
) |
|
$ |
18,816 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
18,816 |
|
|
|
|
|
|
|
|
18 |
|
See Notes to Financial Statements. |
Eaton Vance
Massachusetts Municipal Income Trust
November 30, 2016
Portfolio of Investments continued
Abbreviations:
|
|
|
|
|
AGC |
|
|
|
Assured Guaranty Corp. |
AMBAC |
|
|
|
AMBAC Financial Group, Inc. |
AMT |
|
|
|
Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
BAM |
|
|
|
Build America Mutual Assurance Co. |
NPFG |
|
|
|
National Public Finance Guaranty Corp. |
XLCA |
|
|
|
XL Capital Assurance, Inc. |
|
|
|
|
|
|
|
19 |
|
See Notes to Financial Statements. |
Eaton Vance
Michigan Municipal Income Trust
November 30, 2016
Portfolio of Investments
|
|
|
|
|
|
|
|
|
Tax-Exempt Investments 154.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Bond Bank 2.3% |
|
Michigan Municipal Bond Authority, Prerefunded to 10/1/19, 5.00%, 10/1/29 |
|
$ |
600 |
|
|
$ |
659,310 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
659,310 |
|
|
|
|
|
|
|
|
|
|
|
Education 6.9% |
|
Michigan State University, 5.00%, 2/15/40 |
|
$ |
1,000 |
|
|
$ |
1,077,110 |
|
Oakland University, 5.00%, 3/1/42 |
|
|
500 |
|
|
|
547,480 |
|
Wayne State University, 5.00%, 11/15/40 |
|
|
370 |
|
|
|
400,443 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,025,033 |
|
|
|
|
|
|
|
|
|
|
|
Electric Utilities 9.1% |
|
Holland, Electric Utility System, 5.00%, 7/1/39 |
|
$ |
1,135 |
|
|
$ |
1,249,964 |
|
Lansing Board of Water and Light, 5.50%, 7/1/41 |
|
|
500 |
|
|
|
563,680 |
|
Michigan Public Power Agency, 5.00%, 1/1/43 |
|
|
800 |
|
|
|
832,728 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,646,372 |
|
|
|
|
|
|
|
|
|
|
|
Escrowed / Prerefunded 3.8% |
|
Guam, Limited Obligation Bonds, Prerefunded to 12/1/19, 5.625%, 12/1/29 |
|
$ |
115 |
|
|
$ |
129,045 |
|
Guam, Limited Obligation Bonds, Prerefunded to 12/1/19, 5.75%, 12/1/34 |
|
|
125 |
|
|
|
140,724 |
|
Michigan, Prerefunded to 5/1/19, 5.50%, 11/1/25 |
|
|
270 |
|
|
|
296,333 |
|
Michigan Hospital Finance Authority, (MidMichigan Obligated Group), Prerefunded to 6/1/19, 6.125%, 6/1/39 |
|
|
500 |
|
|
|
554,920 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,121,022 |
|
|
|
|
|
|
|
|
|
|
|
General Obligations 41.3% |
|
Ann Arbor Public Schools, 4.50%, 5/1/24 |
|
$ |
350 |
|
|
$ |
362,481 |
|
Chippewa Valley Schools, 5.00%, 5/1/29 |
|
|
1,000 |
|
|
|
1,134,830 |
|
Comstock Park Public Schools, 5.125%, 5/1/31 |
|
|
275 |
|
|
|
300,762 |
|
Comstock Park Public Schools, 5.25%, 5/1/33 |
|
|
220 |
|
|
|
243,962 |
|
East Grand Rapids Public Schools, 5.00%, 5/1/39 |
|
|
435 |
|
|
|
473,741 |
|
Jenison Public Schools, 5.00%, 5/1/28 |
|
|
500 |
|
|
|
548,770 |
|
Jenison Public Schools, 5.00%, 5/1/30 |
|
|
500 |
|
|
|
543,830 |
|
Kent County, 5.00%, 1/1/25 |
|
|
1,500 |
|
|
|
1,597,815 |
|
Kent County, (AMT), 5.00%, 1/1/28 |
|
|
1,000 |
|
|
|
1,100,380 |
|
Lakeview School District, 5.00%, 5/1/40 |
|
|
1,050 |
|
|
|
1,155,063 |
|
Lansing Community College, 5.00%, 5/1/30 |
|
|
1,005 |
|
|
|
1,114,032 |
|
Marysville Public Schools District, 5.00%, 5/1/37 |
|
|
1,065 |
|
|
|
1,177,805 |
|
Rockford Public Schools, 5.00%, 5/1/44 |
|
|
750 |
|
|
|
822,548 |
|
Walled Lake Consolidated School District, 5.00%, 5/1/34 |
|
|
365 |
|
|
|
402,146 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
General Obligations (continued) |
|
Watervliet Public Schools, 5.00%, 5/1/38 |
|
$
|
1,000 |
|
|
$
|
1,089,740 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,067,905 |
|
|
|
|
|
|
|
|
|
|
|
Hospital 23.8% |
|
Calhoun County Hospital Finance Authority, (Oaklawn Hospital), 5.00%, 2/15/41 |
|
$ |
500 |
|
|
$ |
504,745 |
|
Grand Traverse County Hospital Finance Authority, (Munson Healthcare), 5.00%, 7/1/47 |
|
|
1,000 |
|
|
|
1,068,220 |
|
Michigan Finance Authority, (Henry Ford Health System), 5.00%, 11/15/41 |
|
|
1,000 |
|
|
|
1,062,870 |
|
Michigan Finance Authority, (McLaren Health Care), 5.00%, 6/1/35 |
|
|
250 |
|
|
|
267,330 |
|
Michigan Finance Authority, (Oakwood Obligated Group), 5.00%, 11/1/32 |
|
|
500 |
|
|
|
536,730 |
|
Michigan Finance Authority, (Trinity Health Corp.), 5.00%, 12/1/27 |
|
|
990 |
|
|
|
1,084,149 |
|
Michigan Finance Authority, (Trinity Health Corp.), Prerefunded to 12/1/20, 5.00%, 12/1/27 |
|
|
10 |
|
|
|
11,290 |
|
Royal Oak Hospital Finance Authority, (William Beaumont Hospital), 5.00%, 9/1/39 |
|
|
1,250 |
|
|
|
1,343,413 |
|
Saginaw Hospital Finance Authority, (Covenant Medical Center, Inc.), 5.00%, 7/1/30 |
|
|
1,000 |
|
|
|
1,072,780 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,951,527 |
|
|
|
|
|
|
|
|
|
|
|
Industrial Development Revenue 2.5% |
|
Detroit Local Development Finance Authority, (Chrysler Corp.), 5.375%, 5/1/21 |
|
$ |
750 |
|
|
$ |
737,460 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
737,460 |
|
|
|
|
|
|
|
|
|
|
|
Insured Education 0.6% |
|
Wayne State University, (AGM), 5.00%, 11/15/35 |
|
$ |
165 |
|
|
$ |
174,280 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
174,280 |
|
|
|
|
|
|
|
|
|
|
|
Insured Electric Utilities 3.9% |
|
Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/29 |
|
$ |
630 |
|
|
$ |
683,594 |
|
Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/32 |
|
|
250 |
|
|
|
273,068 |
|
Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/34 |
|
|
155 |
|
|
|
168,936 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,125,598 |
|
|
|
|
|
|
|
|
|
|
|
Insured Escrowed / Prerefunded
12.0% |
|
Battle Creek School District, (AGM), Prerefunded to 5/1/17, 5.00%, 5/1/37 |
|
$ |
1,105 |
|
|
$ |
1,124,150 |
|
Ferris State University, (AGC), Prerefunded to 10/1/18, 5.125%, 10/1/33 |
|
|
570 |
|
|
|
610,766 |
|
|
|
|
|
|
|
|
20 |
|
See Notes to Financial Statements. |
Eaton Vance
Michigan Municipal Income Trust
November 30, 2016
Portfolio of Investments continued
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Insured Escrowed / Prerefunded
(continued) |
|
Ferris State University, (AGC), Prerefunded to 10/1/18, 5.25%, 10/1/38 |
|
$
|
500 |
|
|
$
|
536,895 |
|
Grand Rapids, Water Supply System, (AGC), Prerefunded to 1/1/19, 5.10%, 1/1/39 |
|
|
1,000 |
|
|
|
1,076,870 |
|
Wayne State University, (AGM), Prerefunded to 11/15/18, 5.00%, 11/15/35 |
|
|
135 |
|
|
|
145,070 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,493,751 |
|
|
|
|
|
|
|
|
|
|
|
Insured General Obligations 24.2% |
|
Bay City Brownfield Redevelopment Authority, (BAM), 5.375%, 10/1/38 |
|
$ |
500 |
|
|
$ |
554,290 |
|
Byron Center Public Schools, (AGM), 3.75%, 5/1/26 |
|
|
150 |
|
|
|
153,711 |
|
Byron Center Public Schools, (AGM), 4.00%, 5/1/28 |
|
|
240 |
|
|
|
246,691 |
|
Detroit School District, (AGM), 5.25%, 5/1/32 |
|
|
300 |
|
|
|
335,115 |
|
Hartland Consolidated Schools, (AGM), 5.25%, 5/1/29 |
|
|
1,000 |
|
|
|
1,113,200 |
|
Livonia Public Schools, (AGM), 5.00%, 5/1/43 |
|
|
910 |
|
|
|
978,095 |
|
South Haven Public Schools, (AGM), 5.00%, 5/1/40 |
|
|
500 |
|
|
|
541,375 |
|
South Haven Public Schools, (BAM), 5.00%, 5/1/41 |
|
|
1,200 |
|
|
|
1,303,620 |
|
Van Dyke Public Schools, (AGM), 5.00%, 5/1/38 |
|
|
1,250 |
|
|
|
1,301,675 |
|
Westland Tax Increment Finance Authority, (BAM), 5.25%, 4/1/34 |
|
|
500 |
|
|
|
549,315 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,077,087 |
|
|
|
|
|
|
|
|
|
|
|
Insured Special Tax Revenue 0.6% |
|
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45 |
|
$ |
895 |
|
|
$ |
178,669 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
178,669 |
|
|
|
|
|
|
|
|
|
|
|
Insured Transportation 3.6% |
|
Wayne County Airport Authority, (AGC), (AMT), 5.375%, 12/1/32 |
|
$ |
1,000 |
|
|
$ |
1,062,480 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,062,480 |
|
|
|
|
|
|
|
|
|
|
|
Insured Water and Sewer 1.7% |
|
Puerto Rico Aqueduct and Sewer Authority, (AGC), 5.00%, 7/1/28 |
|
$ |
475 |
|
|
$ |
486,257 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
486,257 |
|
|
|
|
|
|
|
|
|
|
|
Lease Revenue / Certificates of Participation
3.5% |
|
Michigan Strategic Fund, (Facility for Rare Isotope Beams), 4.00%, 3/1/30 |
|
$ |
1,000 |
|
|
$ |
1,020,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,020,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Special Tax Revenue 3.8% |
|
Michigan Trunk Line Fund, 5.00%, 11/15/36 |
|
$ |
1,000 |
|
|
$ |
1,106,790 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,106,790 |
|
|
|
|
|
|
|
|
|
|
|
Water and Sewer 11.1% |
|
Detroit Water Supply System, 5.25%, 7/1/41 |
|
$ |
750 |
|
|
$ |
798,922 |
|
Grand Rapids, Sanitary Sewer System, 5.00%, 1/1/28 |
|
|
735 |
|
|
|
876,576 |
|
Michigan Finance Authority, (Detroit Water and Sewerage Department), (AMT), 5.00%, 7/1/44 |
|
|
1,250 |
|
|
|
1,298,025 |
|
Port Huron, Water Supply System, 5.25%, 10/1/31 |
|
|
250 |
|
|
|
265,638 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,239,161 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Tax-Exempt Investments 154.7% (identified cost $43,189,537) |
|
|
$ |
45,173,502 |
|
|
|
|
|
|
|
|
|
|
|
|
Auction Preferred Shares Plus Cumulative Unpaid Dividends (2.2)% |
|
|
$ |
(650,049 |
) |
|
|
|
|
|
|
|
|
|
|
|
Institutional MuniFund Term Preferred Shares, at Liquidation Value (57.7)% |
|
|
$ |
(16,850,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
Other Assets, Less Liabilities 5.2% |
|
|
$ |
1,535,287 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares 100.0% |
|
|
$ |
29,208,740 |
|
|
|
|
|
|
|
|
|
|
The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common
shares.
The Trust invests primarily in debt securities issued by Michigan municipalities. The ability of the issuers of the debt securities to meet
their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at November 30, 2016, 30.1% of total investments are backed by bond
insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 2.9% to 13.5% of total investments.
Abbreviations:
|
|
|
|
|
AGC |
|
|
|
Assured Guaranty Corp. |
AGM |
|
|
|
Assured Guaranty Municipal Corp. |
AMT |
|
|
|
Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
BAM |
|
|
|
Build America Mutual Assurance Co. |
NPFG |
|
|
|
National Public Finance Guaranty Corp. |
|
|
|
|
|
|
|
21 |
|
See Notes to Financial Statements. |
Eaton Vance
New Jersey Municipal Income Trust
November 30, 2016
Portfolio of Investments
|
|
|
|
|
|
|
|
|
Tax-Exempt Municipal Securities 157.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Education 16.7% |
|
Camden County Improvement Authority, (Rowan University School of Osteopathic Medicine), 5.00%, 12/1/32 |
|
$ |
1,270 |
|
|
$ |
1,394,015 |
|
New Jersey Educational Facilities Authority, (Kean University), 5.50%, 9/1/36 |
|
|
1,730 |
|
|
|
1,872,119 |
|
New Jersey Educational Facilities Authority, (Montclair State University), 5.00%, 7/1/33 |
|
|
620 |
|
|
|
686,700 |
|
New Jersey Educational Facilities Authority, (Montclair State University), 5.00%, 7/1/34 |
|
|
380 |
|
|
|
419,543 |
|
New Jersey Educational Facilities Authority, (Ramapo College), 5.00%, 7/1/37 |
|
|
640 |
|
|
|
691,002 |
|
New Jersey Educational Facilities Authority, (Ramapo College), 5.00%, 7/1/40 |
|
|
1,230 |
|
|
|
1,327,871 |
|
New Jersey Educational Facilities Authority, (Stevens Institute of Technology), 5.00%, 7/1/27 |
|
|
1,650 |
|
|
|
1,676,103 |
|
New Jersey Educational Facilities Authority, (University of Medicine and Dentistry), Prerefunded to 6/1/19,
7.50%, 12/1/32 |
|
|
965 |
|
|
|
1,107,000 |
|
Rutgers State University, 5.00%, 5/1/33 |
|
|
1,000 |
|
|
|
1,124,040 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
10,298,393 |
|
|
|
|
|
|
|
|
|
|
|
Escrowed / Prerefunded 20.0% |
|
Monmouth County Improvement Authority, Prerefunded to 1/15/21, 5.00%, 1/15/28 |
|
$ |
1,510 |
|
|
$ |
1,701,634 |
|
Monmouth County Improvement Authority, Prerefunded to 1/15/21, 5.00%, 1/15/30 |
|
|
1,455 |
|
|
|
1,639,654 |
|
New Jersey Health Care Facilities Financing Authority, (AHS Hospital Corp.), Prerefunded to 7/1/18, 5.00%, 7/1/27 |
|
|
2,190 |
|
|
|
2,317,852 |
|
New Jersey Health Care Facilities Financing Authority, (AtlantiCare Regional Medical Center), Prerefunded to 7/1/17,
5.00%, 7/1/37 |
|
|
2,090 |
|
|
|
2,139,220 |
|
New Jersey Health Care Facilities Financing Authority, (Chilton Memorial Hospital), Prerefunded to 7/1/19,
5.75%, 7/1/39 |
|
|
915 |
|
|
|
1,009,821 |
|
New Jersey Health Care Facilities Financing Authority, (Hospital Asset Transformation Program), Prerefunded to 10/1/18,
5.25%, 10/1/38 |
|
|
380 |
|
|
|
408,040 |
|
New Jersey Health Care Facilities Financing Authority, (Robert Wood Johnson University Hospital), Prerefunded to 1/1/20,
5.00%, 7/1/31 |
|
|
1,000 |
|
|
|
1,102,600 |
|
Rutgers State University, Prerefunded to 5/1/19, 5.00%, 5/1/39 |
|
|
1,900 |
|
|
|
2,062,792 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,381,613 |
|
|
|
|
|
|
|
|
|
|
|
General Obligations 1.2% |
|
Monmouth County Improvement Authority, 5.00%, 1/15/28 |
|
$ |
340 |
|
|
$ |
377,135 |
|
Monmouth County Improvement Authority, 5.00%, 1/15/30 |
|
|
340 |
|
|
|
374,068 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
751,203 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Hospital 11.4% |
|
Camden County Improvement Authority, (Cooper Health System), 5.75%, 2/15/42 |
|
$ |
650 |
|
|
$ |
718,711 |
|
New Jersey Health Care Facilities Financing Authority, (AHS Hospital Corp.), 5.00%, 7/1/27 |
|
|
100 |
|
|
|
104,667 |
|
New Jersey Health Care Facilities Financing Authority, (Barnabas Health Obligated Group), 4.25%, 7/1/44 |
|
|
750 |
|
|
|
759,202 |
|
New Jersey Health Care Facilities Financing Authority, (Meridian Health System), 5.00%, 7/1/26 |
|
|
265 |
|
|
|
295,388 |
|
New Jersey Health Care Facilities Financing Authority, (Palisades Medical Center), 5.25%, 7/1/31 |
|
|
250 |
|
|
|
272,610 |
|
New Jersey Health Care Facilities Financing Authority, (Princeton HealthCare System), 5.00%, 7/1/32 |
|
|
990 |
|
|
|
1,103,197 |
|
New Jersey Health Care Facilities Financing Authority, (Princeton HealthCare System), 5.00%, 7/1/33 |
|
|
120 |
|
|
|
133,206 |
|
New Jersey Health Care Facilities Financing Authority, (Princeton HealthCare System), 5.00%, 7/1/39 |
|
|
1,315 |
|
|
|
1,431,917 |
|
New Jersey Health Care Facilities Financing Authority, (Trinitas Regional Medical Center Obligated Group), 5.00%, 7/1/30(1) |
|
|
1,000 |
|
|
|
1,086,320 |
|
New Jersey Health Care Facilities Financing Authority, (Virtua Health), 5.75%, 7/1/33 |
|
|
1,075 |
|
|
|
1,164,752 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,069,970 |
|
|
|
|
|
|
|
|
|
|
|
Housing 1.3% |
|
New Jersey Housing and Mortgage Finance Agency, (Single Family Housing), (AMT), 4.70%, 10/1/37 |
|
$ |
335 |
|
|
$ |
335,429 |
|
New Jersey Housing and Mortgage Finance Agency, (Single Family Housing), (AMT), 5.00%, 10/1/37 |
|
|
465 |
|
|
|
468,650 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
804,079 |
|
|
|
|
|
|
|
|
|
|
|
Industrial Development Revenue 7.7% |
|
Essex County Improvement Authority, (Covanta), (AMT), 5.25%, 7/1/45(2) |
|
$ |
1,085 |
|
|
$ |
1,074,638 |
|
New Jersey Economic Development Authority, (Continental Airlines), (AMT), 5.125%, 9/15/23 |
|
|
50 |
|
|
|
54,074 |
|
New Jersey Economic Development Authority, (Continental Airlines), (AMT), 5.25%, 9/15/29 |
|
|
135 |
|
|
|
143,192 |
|
New Jersey Economic Development Authority, (Continental Airlines), (AMT), 5.50%, 6/1/33 |
|
|
750 |
|
|
|
815,325 |
|
New Jersey Economic Development Authority, (New Jersey-American Water Co., Inc.), (AMT), 5.10%, 6/1/23 |
|
|
220 |
|
|
|
237,580 |
|
New Jersey Economic Development Authority, (New Jersey-American Water Co., Inc.), (AMT), 5.70%, 10/1/39 |
|
|
2,235 |
|
|
|
2,432,797 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,757,606 |
|
|
|
|
|
|
|
|
|
|
|
Insured Electric Utilities 2.1% |
|
Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/29 |
|
$ |
135 |
|
|
$ |
146,484 |
|
Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/34 |
|
|
490 |
|
|
|
534,056 |
|
|
|
|
|
|
|
|
22 |
|
See Notes to Financial Statements. |
Eaton Vance
New Jersey Municipal Income Trust
November 30, 2016
Portfolio of Investments continued
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Insured Electric Utilities (continued) |
|
Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/35 |
|
$
|
595 |
|
|
$
|
646,533 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,327,073 |
|
|
|
|
|
|
|
|
|
|
|
Insured Escrowed / Prerefunded
3.9% |
|
Lakewood Township, (AGC), Prerefunded to 11/1/18, 5.75%, 11/1/31 |
|
$ |
1,240 |
|
|
$ |
1,347,632 |
|
New Jersey Economic Development Authority, (School Facilities Construction), (AGC), Prerefunded to 12/15/18,
5.50%, 12/15/34 |
|
|
970 |
|
|
|
1,054,371 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,402,003 |
|
|
|
|
|
|
|
|
|
|
|
Insured Gas Utilities 5.8% |
|
New Jersey Economic Development Authority, (New Jersey Natural Gas Co.), (NPFG), (AMT), 4.90% to 10/1/25 (Put Date),
10/1/40 |
|
$ |
3,540 |
|
|
$ |
3,551,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,551,470 |
|
|
|
|
|
|
|
|
|
|
|
Insured General Obligations 4.0% |
|
Hudson County Improvement Authority, (Harrison Parking), (AGC), 5.25%, 1/1/39 |
|
$ |
1,015 |
|
|
$ |
1,078,620 |
|
Irvington Township, (AGM), 5.00%, 7/15/31 |
|
|
1,000 |
|
|
|
1,107,340 |
|
Paterson, (BAM), 5.00%, 1/15/26 |
|
|
245 |
|
|
|
267,312 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,453,272 |
|
|
|
|
|
|
|
|
|
|
|
Insured Hospital 3.0% |
|
New Jersey Health Care Facilities Financing Authority, (Meridian Health System), Series II, (AGC), 5.00%, 7/1/38 |
|
$ |
370 |
|
|
$ |
385,525 |
|
New Jersey Health Care Facilities Financing Authority, (Virtua Health), (AGC), 5.50%, 7/1/38 |
|
|
1,380 |
|
|
|
1,492,401 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,877,926 |
|
|
|
|
|
|
|
|
|
|
|
Insured Industrial Development Revenue
3.3% |
|
New Jersey Economic Development Authority, (United Water New Jersey, Inc.), (AMBAC), (AMT), 4.875%, 11/1/25 |
|
$ |
1,940 |
|
|
$ |
2,014,865 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,014,865 |
|
|
|
|
|
|
|
|
|
|
|
Insured Lease Revenue / Certificates of
Participation 3.8% |
|
New Jersey Economic Development Authority, (School Facilities Construction), (AGC), 5.50%, 12/15/34 |
|
$ |
530 |
|
|
$ |
562,272 |
|
New Jersey Economic Development Authority, (School Facilities Construction), (AGM), 5.00%, 6/15/33 |
|
|
640 |
|
|
|
674,483 |
|
New Jersey Economic Development Authority, (School Facilities Construction), (NPFG), 5.50%, 9/1/28 |
|
|
1,000 |
|
|
|
1,138,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,375,225 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Insured Special Tax Revenue 13.9% |
|
Garden State Preservation Trust, (AGM), 0.00%, 11/1/25 |
|
$ |
5,250 |
|
|
$ |
3,854,235 |
|
New Jersey Economic Development Authority, (Motor Vehicle Surcharges), (XLCA), 0.00%, 7/1/26 |
|
|
4,300 |
|
|
|
2,979,212 |
|
New Jersey Economic Development Authority, (Motor Vehicle Surcharges), (XLCA), 0.00%, 7/1/27 |
|
|
2,020 |
|
|
|
1,337,927 |
|
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45 |
|
|
2,020 |
|
|
|
403,252 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,574,626 |
|
|
|
|
|
|
|
|
|
|
|
Insured Student Loan 2.4% |
|
New Jersey Higher Education Student Assistance Authority, (AGC), (AMT), 6.125%, 6/1/30 |
|
$ |
1,430 |
|
|
$ |
1,490,589 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,490,589 |
|
|
|
|
|
|
|
|
|
|
|
Insured Transportation 7.0% |
|
New Jersey Economic Development Authority, (The Goethals Bridge Replacement), (AGM), (AMT), 5.00%, 1/1/31 |
|
$ |
850 |
|
|
$ |
932,730 |
|
New Jersey Economic Development Authority, (The Goethals Bridge Replacement), (AGM), (AMT), 5.125%, 1/1/39 |
|
|
1,500 |
|
|
|
1,637,985 |
|
New Jersey Transportation Trust Fund Authority, (Transportation System), (AMBAC), 0.00%, 12/15/28 |
|
|
2,400 |
|
|
|
1,395,744 |
|
South Jersey Transportation Authority, (AGC), 5.50%, 11/1/33 |
|
|
315 |
|
|
|
340,808 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,307,267 |
|
|
|
|
|
|
|
|
|
|
|
Lease Revenue / Certificates of Participation
4.7% |
|
New Jersey Economic Development Authority, (School Facilities Construction), 5.25%, 12/15/33 |
|
$ |
1,100 |
|
|
$ |
1,119,052 |
|
New Jersey Economic Development Authority, (School Facilities Construction), Prerefunded to 6/15/19,
5.25%, 12/15/33 |
|
|
400 |
|
|
|
437,752 |
|
New Jersey Health Care Facilities Financing Authority, (Hospital Asset Transformation Program), 5.25%, 10/1/38 |
|
|
1,320 |
|
|
|
1,324,026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,880,830 |
|
|
|
|
|
|
|
|
|
|
|
Other Revenue 4.0% |
|
New Jersey Economic Development Authority, (Duke Farms Foundation), 5.00%, 7/1/48 |
|
$ |
2,040 |
|
|
$ |
2,187,064 |
|
New Jersey Economic Development Authority, (The Seeing Eye, Inc.), 5.00%, 6/1/32 |
|
|
250 |
|
|
|
275,990 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,463,054 |
|
|
|
|
|
|
|
|
|
|
|
Senior Living / Life Care 3.5% |
|
New Jersey Economic Development Authority, (Cranes Mill, Inc.), 5.875%, 7/1/28 |
|
$ |
465 |
|
|
$ |
475,053 |
|
New Jersey Economic Development Authority, (Cranes Mill, Inc.), 6.00%, 7/1/38 |
|
|
770 |
|
|
|
784,145 |
|
|
|
|
|
|
|
|
23 |
|
See Notes to Financial Statements. |
Eaton Vance
New Jersey Municipal Income Trust
November 30, 2016
Portfolio of Investments continued
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Senior Living / Life Care (continued) |
|
New Jersey Economic Development Authority, (United Methodist Homes of New Jersey), 4.50%, 7/1/38 |
|
$
|
700 |
|
|
$
|
695,198 |
|
New Jersey Economic Development Authority, (United Methodist Homes of New Jersey), 5.00%, 7/1/29 |
|
|
215 |
|
|
|
227,861 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,182,257 |
|
|
|
|
|
|
|
|
|
|
|
Special Tax Revenue 1.7% |
|
New Jersey Economic Development Authority, (Newark Downtown District Management Corp.), 5.125%, 6/15/27 |
|
$ |
100 |
|
|
$ |
100,910 |
|
New Jersey Economic Development Authority, (Newark Downtown District Management Corp.), 5.125%, 6/15/37 |
|
|
175 |
|
|
|
176,089 |
|
Puerto Rico Sales Tax Financing Corp., 5.00%, 8/1/40 |
|
|
750 |
|
|
|
531,607 |
|
Puerto Rico Sales Tax Financing Corp., 5.75%, 8/1/37 |
|
|
500 |
|
|
|
255,750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,064,356 |
|
|
|
|
|
|
|
|
|
|
|
Student Loan 2.3% |
|
New Jersey Higher Education Student Assistance Authority, (AMT), 1.792%, 6/1/36(3) |
|
$ |
675 |
|
|
$ |
664,936 |
|
New Jersey Higher Education Student Assistance Authority, (AMT), 4.75%, 12/1/43 |
|
|
740 |
|
|
|
735,538 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,400,474 |
|
|
|
|
|
|
|
|
|
|
|
Transportation 31.0% |
|
Delaware River Port Authority of Pennsylvania and New Jersey, 5.00%, 1/1/35 |
|
$ |
1,060 |
|
|
$ |
1,147,079 |
|
Delaware River Port Authority of Pennsylvania and New Jersey, 5.00%, 1/1/40 |
|
|
1,080 |
|
|
|
1,167,718 |
|
New Jersey Transportation Trust Fund Authority, 5.00%, 6/15/29 |
|
|
750 |
|
|
|
772,995 |
|
New Jersey Transportation Trust Fund Authority, (Transportation System), 5.50%, 6/15/31 |
|
|
1,100 |
|
|
|
1,150,677 |
|
New Jersey Transportation Trust Fund Authority, (Transportation System), 5.875%, 12/15/38 |
|
|
250 |
|
|
|
266,845 |
|
New Jersey Transportation Trust Fund Authority, (Transportation System), 6.00%, 12/15/38 |
|
|
530 |
|
|
|
563,422 |
|
New Jersey Turnpike Authority, 5.25%, 1/1/40 |
|
|
3,600 |
|
|
|
3,812,004 |
|
Port Authority of New York and New Jersey,
5.00%, 10/15/41(4) |
|
|
5,000 |
|
|
|
5,555,650 |
|
Port Authority of New York and New Jersey, (AMT), 5.00%, 10/15/34 |
|
|
2,000 |
|
|
|
2,206,220 |
|
Port Authority of New York and New Jersey, (AMT),
5.75%, 3/15/35(4) |
|
|
1,995 |
|
|
|
2,085,832 |
|
South Jersey Transportation Authority, 5.00%, 11/1/39 |
|
|
400 |
|
|
|
423,012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
19,151,454 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Water and Sewer 3.1% |
|
North Hudson Sewerage Authority, 5.00%, 6/1/29 |
|
$ |
1,220 |
|
|
$ |
1,310,341 |
|
North Hudson Sewerage Authority, Prerefunded to 6/1/22, 5.00%, 6/1/29 |
|
|
55 |
|
|
|
63,578 |
|
Sussex County Municipal Utilities Authority, 0.00%, 12/1/36 |
|
|
1,250 |
|
|
|
538,988 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,912,907 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Tax-Exempt Municipal Securities 157.8% (identified cost $93,460,877) |
|
|
$ |
97,492,512 |
|
|
|
|
|
|
|
|
|
|
|
Taxable Municipal Securities 3.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
General Obligations 1.7% |
|
Atlantic City, 7.50%, 3/1/40 |
|
$ |
1,000 |
|
|
$ |
1,049,440 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,049,440 |
|
|
|
|
|
|
|
|
|
|
|
Transportation 1.3% |
|
New Jersey Transportation Trust Fund Authority,
5.754%, 12/15/28(5) |
|
$ |
750 |
|
|
$ |
781,950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
781,950 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Taxable Municipal Securities 3.0% (identified cost $1,794,758) |
|
|
$ |
1,831,390 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 160.8% (identified cost $95,255,635) |
|
|
$ |
99,323,902 |
|
|
|
|
|
|
|
|
|
|
|
|
Auction Preferred Shares Plus Cumulative Unpaid Dividends (7.2)% |
|
|
$ |
(4,425,173 |
) |
|
|
|
|
|
|
|
|
|
|
|
Institutional MuniFund Term Preferred Shares, at Liquidation Value (46.9)% |
|
|
$ |
(29,000,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
Other Assets, Less Liabilities (6.7)% |
|
|
$ |
(4,133,135 |
) |
|
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares 100.0% |
|
|
$ |
61,765,594 |
|
|
|
|
|
|
|
|
|
|
The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common
shares.
The Trust invests primarily in debt securities issued by New Jersey municipalities. The ability of the issuers of the debt securities to meet
their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at November 30, 2016, 30.6% of total investments are backed by bond
insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an
|
|
|
|
|
|
|
24 |
|
See Notes to Financial Statements. |
Eaton Vance
New Jersey Municipal Income Trust
November 30, 2016
Portfolio of Investments continued
individual financial institution or financial guaranty assurance agency ranged from 0.3% to 8.3% of total
investments.
(1) |
When-issued security. |
(2) |
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in
reliance on an exemption from registration (normally to qualified institutional buyers). At November 30, 2016, the aggregate value of these securities is $1,074,638 or 1.7% of the Trusts net assets applicable to common shares.
|
(3) |
Variable rate security. The stated interest rate represents the rate in effect at November 30, 2016. |
(4) |
Security represents the municipal bond held by a trust that issues residual interest bonds (see Note 1G). |
(5) |
Build America Bond. Represents taxable municipal obligation issued pursuant to the American Recovery and Reinvestment Act of 2009 or other legislation providing
for the issuance of taxable municipal debt on which the issuer receives federal support. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures Contracts |
|
Description |
|
Contracts |
|
|
Position |
|
|
Expiration Month/Year |
|
|
Aggregate Cost |
|
|
Value |
|
|
Net Unrealized Appreciation |
|
|
|
|
|
|
|
|
Interest Rate Futures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Long Treasury Bond |
|
|
30 |
|
|
|
Short |
|
|
|
Mar-17 |
|
|
$ |
(4,562,980 |
) |
|
$ |
(4,538,438 |
) |
|
$ |
24,542 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
24,542 |
|
Abbreviations:
|
|
|
|
|
AGC |
|
|
|
Assured Guaranty Corp. |
AGM |
|
|
|
Assured Guaranty Municipal Corp. |
AMBAC |
|
|
|
AMBAC Financial Group, Inc. |
AMT |
|
|
|
Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum
Tax. |
|
|
|
|
|
BAM |
|
|
|
Build America Mutual Assurance Co. |
NPFG |
|
|
|
National Public Finance Guaranty Corp. |
XLCA |
|
|
|
XL Capital Assurance, Inc. |
|
|
|
|
|
|
|
25 |
|
See Notes to Financial Statements. |
Eaton Vance
New York Municipal Income Trust
November 30, 2016
Portfolio of Investments
|
|
|
|
|
|
|
|
|
Tax-Exempt Investments 161.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Bond Bank 5.9% |
|
New York Environmental Facilities Corp., 5.00%, 10/15/39 |
|
$ |
1,730 |
|
|
$ |
1,882,465 |
|
New York Environmental Facilities Corp., (New York City Municipal Water Finance Authority), 5.00%, 6/15/37(1) |
|
|
2,535 |
|
|
|
2,664,336 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,546,801 |
|
|
|
|
|
|
|
|
|
|
|
Cogeneration 1.2% |
|
Suffolk County Industrial Development Agency, (Nissequogue Cogeneration Partners Facility), (AMT), 5.50%, 1/1/23 |
|
$ |
900 |
|
|
$ |
895,131 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
895,131 |
|
|
|
|
|
|
|
|
|
|
|
Education 29.2% |
|
Hempstead Local Development Corp., (Adelphi University), 5.00%, 6/1/31 |
|
$ |
310 |
|
|
$ |
337,751 |
|
New York City Cultural Resources Trust, (The Juilliard School), 5.00%, 1/1/34 |
|
|
1,490 |
|
|
|
1,583,691 |
|
New York City Cultural Resources Trust, (The Juilliard School), 5.00%, 1/1/39 |
|
|
325 |
|
|
|
345,231 |
|
New York Dormitory Authority, (Brooklyn Law School), 5.75%, 7/1/33 |
|
|
510 |
|
|
|
547,271 |
|
New York Dormitory Authority, (Columbia University), 5.00%, 7/1/38 |
|
|
1,000 |
|
|
|
1,051,260 |
|
New York Dormitory Authority, (Columbia University), 5.00%, 10/1/41 |
|
|
725 |
|
|
|
803,111 |
|
New York Dormitory Authority, (Cornell University), 5.00%, 7/1/34 |
|
|
510 |
|
|
|
549,709 |
|
New York Dormitory Authority, (Cornell University), 5.00%, 7/1/39 |
|
|
2,000 |
|
|
|
2,150,460 |
|
New York Dormitory Authority, (Culinary Institute of America), 5.50%, 7/1/33 |
|
|
220 |
|
|
|
237,743 |
|
New York Dormitory Authority, (Fordham University), 5.50%, 7/1/36 |
|
|
1,000 |
|
|
|
1,136,180 |
|
New York Dormitory Authority, (Pace University), 5.00%, 5/1/27 |
|
|
835 |
|
|
|
888,682 |
|
New York Dormitory Authority, (Rochester Institute of Technology), Prerefunded to 7/1/18, 6.00%, 7/1/33 |
|
|
2,250 |
|
|
|
2,417,310 |
|
New York Dormitory Authority, (Rockefeller University), 5.00%, 7/1/40 |
|
|
2,500 |
|
|
|
2,692,675 |
|
New York Dormitory Authority, (Skidmore College), 5.00%, 7/1/27 |
|
|
325 |
|
|
|
363,360 |
|
New York Dormitory Authority, (Skidmore College), 5.25%, 7/1/29 |
|
|
400 |
|
|
|
452,660 |
|
New York Dormitory Authority, (St. Francis College), 5.00%, 10/1/40 |
|
|
1,695 |
|
|
|
1,814,362 |
|
New York Dormitory Authority, (The New School), 4.00%, 7/1/43 |
|
|
500 |
|
|
|
490,345 |
|
New York Dormitory Authority, (The New School), Prerefunded to 7/1/20, 5.50%, 7/1/40 |
|
|
2,000 |
|
|
|
2,267,020 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Education (continued) |
|
Onondaga Civic Development Corp., (Le Moyne College), 5.20%, 7/1/29 |
|
$
|
280 |
|
|
$
|
298,138 |
|
Onondaga Civic Development Corp., (Le Moyne College), 5.375%, 7/1/40 |
|
|
735 |
|
|
|
781,298 |
|
Onondaga County Cultural Resources Trust, (Syracuse University), 5.00%, 12/1/38 |
|
|
1,205 |
|
|
|
1,345,720 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
22,553,977 |
|
|
|
|
|
|
|
|
|
|
|
Electric Utilities 4.6% |
|
Long Island Power Authority, Electric System Revenue, Prerefunded to 5/1/19, 6.00%, 5/1/33 |
|
$ |
1,420 |
|
|
$ |
1,573,175 |
|
Utility Debt Securitization Authority, 5.00%, 12/15/33 |
|
|
1,735 |
|
|
|
1,970,266 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,543,441 |
|
|
|
|
|
|
|
|
|
|
|
Escrowed / Prerefunded 10.0% |
|
Brooklyn Arena Local Development Corp., (Barclays Center), Prerefunded to 1/15/20, 6.25%, 7/15/40 |
|
$ |
380 |
|
|
$ |
433,481 |
|
Metropolitan Transportation Authority, Prerefunded to 11/15/17, 5.00%, 11/15/37 |
|
|
135 |
|
|
|
140,355 |
|
Metropolitan Transportation Authority, Prerefunded to 11/15/17, 5.00%, 11/15/37 |
|
|
655 |
|
|
|
680,984 |
|
New York City, Prerefunded to 10/15/18, 6.25%, 10/15/28 |
|
|
955 |
|
|
|
1,045,095 |
|
New York City Cultural Resources Trust, (Museum of Modern Art), Prerefunded to 10/1/18, 5.00%, 4/1/31 |
|
|
625 |
|
|
|
668,644 |
|
New York Dormitory Authority, (NYU Hospitals Center), Prerefunded to 7/1/17, 5.00%, 7/1/36 |
|
|
750 |
|
|
|
768,375 |
|
New York Dormitory Authority, (NYU Hospitals Center), Prerefunded to 7/1/17, 5.625%, 7/1/37 |
|
|
1,250 |
|
|
|
1,284,587 |
|
Onondaga Civic Development Corp., (St. Josephs Hospital Health Center), Prerefunded to 7/1/22, 4.50%, 7/1/32 |
|
|
395 |
|
|
|
448,736 |
|
Onondaga Civic Development Corp., (St. Josephs Hospital Health Center), Prerefunded to 7/1/22, 5.00%, 7/1/42 |
|
|
1,000 |
|
|
|
1,162,410 |
|
Saratoga County Water Authority, Prerefunded to 9/1/18, 5.00%, 9/1/48 |
|
|
1,000 |
|
|
|
1,067,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,699,867 |
|
|
|
|
|
|
|
|
|
|
|
General Obligations 5.8% |
|
New York, 5.00%, 2/15/34(1) |
|
$ |
4,000 |
|
|
$ |
4,428,160 |
|
New York City, 6.25%, 10/15/28 |
|
|
45 |
|
|
|
49,084 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,477,244 |
|
|
|
|
|
|
|
|
|
|
|
Hospital 11.7% |
|
Dutchess County Local Development Corp., (Health Quest Systems, Inc.), 5.75%, 7/1/30 |
|
$ |
130 |
|
|
$ |
142,878 |
|
Dutchess County Local Development Corp., (Health Quest Systems, Inc.), 5.75%, 7/1/40 |
|
|
960 |
|
|
|
1,051,152 |
|
|
|
|
|
|
|
|
26 |
|
See Notes to Financial Statements. |
Eaton Vance
New York Municipal Income Trust
November 30, 2016
Portfolio of Investments continued
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Hospital (continued) |
|
Nassau County Local Economic Assistance Corp., (South Nassau Communities Hospital), 5.00%, 7/1/37 |
|
$
|
1,000 |
|
|
$
|
1,070,770 |
|
New York Dormitory Authority, (Mount Sinai Hospital), 5.00%, 7/1/26 |
|
|
1,000 |
|
|
|
1,092,060 |
|
New York Dormitory Authority, (North Shore-Long Island Jewish Obligated Group), 5.00%, 5/1/32 |
|
|
1,000 |
|
|
|
1,096,060 |
|
New York Dormitory Authority, (NYU Hospitals Center), 5.00%, 7/1/36 |
|
|
525 |
|
|
|
578,891 |
|
New York Dormitory Authority, (Orange Regional Medical Center), 5.00%, 12/1/35(2) |
|
|
100 |
|
|
|
106,111 |
|
New York Dormitory Authority, (Orange Regional Medical Center), 6.125%, 12/1/29 |
|
|
415 |
|
|
|
436,493 |
|
New York Dormitory Authority, (Orange Regional Medical Center), 6.25%, 12/1/37 |
|
|
835 |
|
|
|
878,595 |
|
Oneida County Industrial Development Agency, (St. Elizabeth Medical Center), 5.75%, 12/1/19 |
|
|
555 |
|
|
|
556,365 |
|
Saratoga County Industrial Development Agency, (Saratoga Hospital), 5.25%, 12/1/32 |
|
|
650 |
|
|
|
667,329 |
|
Suffolk County Economic Development Corp., (Catholic Health Services of Long Island Obligated Group), 5.00%, 7/1/28 |
|
|
1,065 |
|
|
|
1,152,522 |
|
Suffolk County Economic Development Corp., (Catholic Health Services of Long Island Obligated Group), Prerefunded to 7/1/21,
5.00%, 7/1/28 |
|
|
185 |
|
|
|
210,508 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
9,039,734 |
|
|
|
|
|
|
|
|
|
|
|
Housing 10.3% |
|
New York City Housing Development Corp., MFMR, (AMT), 5.20%, 11/1/40 |
|
$ |
2,620 |
|
|
$ |
2,628,332 |
|
New York City Housing Development Corp., MFMR, 3.75%, 11/1/40 |
|
|
500 |
|
|
|
482,350 |
|
New York Housing Finance Agency, 3.80%, 11/1/35 |
|
|
650 |
|
|
|
647,374 |
|
New York Housing Finance Agency, 5.25%, 11/1/41 |
|
|
1,000 |
|
|
|
1,032,650 |
|
New York Housing Finance Agency, (FNMA), (AMT), 5.40%, 11/15/42 |
|
|
2,625 |
|
|
|
2,650,646 |
|
New York Mortgage Agency,
3.90%, 10/1/36(3) |
|
|
500 |
|
|
|
489,830 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,931,182 |
|
|
|
|
|
|
|
|
|
|
|
Industrial Development Revenue 7.0% |
|
Essex County Industrial Development Agency, (International Paper Company), (AMT), 6.625%, 9/1/32 |
|
$ |
1,000 |
|
|
$ |
1,059,620 |
|
New York Environmental Facilities Corp., (Casella Waste Systems, Inc.), (AMT), 3.125% to 6/1/26 (Put Date), 12/1/44(2) |
|
|
500 |
|
|
|
397,430 |
|
New York Environmental Facilities Corp., (Casella Waste Systems, Inc.), (AMT), 3.75% to 12/2/19 (Put Date), 12/1/44(2) |
|
|
1,000 |
|
|
|
977,400 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Industrial Development Revenue (continued) |
|
New York Liberty Development Corp., (Goldman Sachs Group, Inc.), 5.25%, 10/1/35 |
|
$
|
980 |
|
|
$
|
1,148,099 |
|
Niagara Area Development Corp., (Covanta Energy), (AMT), 5.25%, 11/1/42(2) |
|
|
1,800 |
|
|
|
1,815,750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,398,299 |
|
|
|
|
|
|
|
|
|
|
|
Insured Education 5.3% |
|
New York Dormitory Authority, (City University), (AMBAC), 5.50%, 7/1/35 |
|
$ |
1,250 |
|
|
$ |
1,518,212 |
|
Oneida County Industrial Development Agency, (Hamilton College), (NPFG), 0.00%, 7/1/33 |
|
|
5,365 |
|
|
|
2,540,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,059,130 |
|
|
|
|
|
|
|
|
|
|
|
Insured Electric Utilities 1.9% |
|
Long Island Power Authority, Electric System Revenue, (BHAC), Prerefunded to 4/1/19, 5.75%, 4/1/33 |
|
$ |
1,365 |
|
|
$ |
1,499,821 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,499,821 |
|
|
|
|
|
|
|
|
|
|
|
Insured General Obligations 2.2% |
|
Oyster Bay, (AGM), 4.00%, 8/1/28 |
|
$ |
1,680 |
|
|
$ |
1,742,345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,742,345 |
|
|
|
|
|
|
|
|
|
|
|
Insured Other Revenue 4.6% |
|
New York City Industrial Development Agency, (Yankee Stadium), (AGC), 0.00%, 3/1/31 |
|
$ |
2,645 |
|
|
$ |
1,560,868 |
|
New York City Industrial Development Agency, (Yankee Stadium), (AGC), 0.00%, 3/1/32 |
|
|
3,625 |
|
|
|
2,026,701 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,587,569 |
|
|
|
|
|
|
|
|
|
|
|
Insured Special Tax Revenue 0.6% |
|
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45 |
|
$ |
2,475 |
|
|
$ |
494,084 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
494,084 |
|
|
|
|
|
|
|
|
|
|
|
Insured Transportation 4.2% |
|
New York Transportation Development Corp., (LaGuardia Airport Terminal B Redevelopment), (AGM), (AMT),
4.00%, 7/1/41 |
|
$ |
1,000 |
|
|
$ |
969,490 |
|
New York Transportation Development Corp., (LaGuardia Airport Terminal B Redevelopment), (AGM), (AMT),
4.00%, 7/1/46 |
|
|
1,250 |
|
|
|
1,195,587 |
|
New York Transportation Development Corp., (LaGuardia Airport Terminal B Redevelopment), (AGM), (AMT),
4.00%, 1/1/51 |
|
|
1,170 |
|
|
|
1,121,621 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,286,698 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27 |
|
See Notes to Financial Statements. |
Eaton Vance
New York Municipal Income Trust
November 30, 2016
Portfolio of Investments continued
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Other Revenue 9.5% |
|
Brooklyn Arena Local Development Corp., (Barclays Center), 0.00%, 7/15/31 |
|
$ |
3,120 |
|
|
$ |
1,700,057 |
|
Brooklyn Arena Local Development Corp., (Barclays Center), 5.00%, 7/15/42 |
|
|
1,000 |
|
|
|
1,061,570 |
|
New York City Transitional Finance Authority, (Building Aid), 5.50%, 7/15/31 |
|
|
1,000 |
|
|
|
1,063,640 |
|
New York Liberty Development Corp., (3 World Trade Center), 5.00%, 11/15/44(2) |
|
|
1,300 |
|
|
|
1,321,216 |
|
New York Liberty Development Corp., (7 World Trade Center), 5.00%, 3/15/44 |
|
|
2,000 |
|
|
|
2,171,840 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,318,323 |
|
|
|
|
|
|
|
|
|
|
|
Senior Living / Life Care 8.8% |
|
Brookhaven Local Development Corp., (Jeffersons Ferry), 5.00%, 11/1/24(3) |
|
$ |
125 |
|
|
$ |
139,175 |
|
Brookhaven Local Development Corp., (Jeffersons Ferry), 5.25%, 11/1/25(3) |
|
|
205 |
|
|
|
232,308 |
|
Brookhaven Local Development Corp., (Jeffersons Ferry), 5.25%, 11/1/26(3) |
|
|
225 |
|
|
|
254,891 |
|
Brookhaven Local Development Corp., (Jeffersons Ferry), 5.25%, 11/1/36(3) |
|
|
530 |
|
|
|
569,718 |
|
Buffalo and Erie County Industrial Land Development Corp., (Orchard Park CCRC, Inc.), 5.00%, 11/15/29 |
|
|
830 |
|
|
|
887,851 |
|
Buffalo and Erie County Industrial Land Development Corp., (Orchard Park CCRC, Inc.), 5.00%, 11/15/30 |
|
|
855 |
|
|
|
908,318 |
|
New York Dormitory Authority, (Miriam Osborn Memorial Home Association), 5.00%, 7/1/29 |
|
|
280 |
|
|
|
291,522 |
|
New York Dormitory Authority, (Miriam Osborn Memorial Home Association), 5.00%, 7/1/42 |
|
|
120 |
|
|
|
123,630 |
|
Suffolk County Economic Development Corp., (Peconic Landing at Southold, Inc.), 6.00%, 12/1/40 |
|
|
905 |
|
|
|
977,237 |
|
Tompkins County Development Corp., (Kendal at Ithaca, Inc.), 4.25%, 7/1/32 |
|
|
230 |
|
|
|
232,272 |
|
Tompkins County Development Corp., (Kendal at Ithaca, Inc.), 4.50%, 7/1/42 |
|
|
230 |
|
|
|
232,254 |
|
Westchester County Local Development Corp., (Kendal on Hudson), 5.00%, 1/1/34 |
|
|
1,830 |
|
|
|
1,942,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,791,319 |
|
|
|
|
|
|
|
|
|
|
|
Special Tax Revenue 20.2% |
|
Metropolitan Transportation Authority, Dedicated Tax Revenue, 5.00%, 11/15/34 |
|
$ |
1,500 |
|
|
$ |
1,630,095 |
|
New York City Transitional Finance Authority, Future Tax Revenue, 5.50%, 11/1/35(1)(4) |
|
|
2,100 |
|
|
|
2,376,402 |
|
New York Dormitory Authority, Personal Income Tax Revenue, 5.00%, 3/15/33 |
|
|
1,000 |
|
|
|
1,108,930 |
|
New York Dormitory Authority, Personal Income Tax Revenue, 5.25%, 3/15/38 |
|
|
1,000 |
|
|
|
1,073,580 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Special Tax Revenue (continued) |
|
New York Dormitory Authority, Sales Tax Revenue, 5.00%, 3/15/34 |
|
$
|
2,380 |
|
|
$
|
2,656,747 |
|
New York Thruway Authority, Fuel Tax Revenue,
5.00%, 4/1/30(1) |
|
|
6,000 |
|
|
|
6,716,100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
15,561,854 |
|
|
|
|
|
|
|
|
|
|
|
Transportation 14.9% |
|
Metropolitan Transportation Authority, 5.00%, 11/15/38 |
|
$ |
1,500 |
|
|
$ |
1,650,870 |
|
New York Thruway Authority, 5.00%, 1/1/37 |
|
|
700 |
|
|
|
770,770 |
|
New York Thruway Authority, 5.00%, 1/1/42 |
|
|
1,000 |
|
|
|
1,080,430 |
|
Port Authority of New York and New Jersey, (AMT), 5.00%, 10/15/35 |
|
|
1,665 |
|
|
|
1,832,699 |
|
Port Authority of New York and New Jersey, (AMT),
5.75%, 3/15/35(1) |
|
|
990 |
|
|
|
1,035,075 |
|
Triborough Bridge and Tunnel Authority, 5.00%, 11/15/38 |
|
|
1,930 |
|
|
|
2,176,268 |
|
Triborough Bridge and Tunnel Authority,
5.25%, 11/15/34(1) |
|
|
2,740 |
|
|
|
2,928,484 |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
11,474,596 |
|
|
|
|
|
|
|
|
|
|
|
Water and Sewer 3.7% |
|
Dutchess County Water and Wastewater Authority, 0.00%, 10/1/34 |
|
$ |
585 |
|
|
$ |
304,206 |
|
New York City Municipal Water Finance Authority, (Water and Sewer System), 5.75%, 6/15/40(1)(4) |
|
|
2,385 |
|
|
|
2,530,485 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,834,691 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Tax-Exempt Investments 161.6% (identified cost $116,142,636) |
|
|
$ |
124,736,106 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28 |
|
See Notes to Financial Statements. |
Eaton Vance
New York Municipal Income Trust
November 30, 2016
Portfolio of Investments continued
|
|
|
|
|
|
|
|
|
Miscellaneous 0.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Units |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
Real Estate 0.9% |
|
CMS Liquidating Trust(2)(5)(6) |
|
|
257 |
|
|
$ |
691,852 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Miscellaneous 0.9% (identified cost $822,400) |
|
|
$ |
691,852 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 162.5% (identified cost $116,965,036) |