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Eaton Vance Corp.

PRI reporting framework 2020

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Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other

Please specify

          Retail Separately Managed Accounts (SMA)
        
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]

Eaton Vance Corp. ("EVC"), through its investment management affiliates ("Eaton Vance") is a leading global asset manager whose history dates to 1924. It established its reputation as an investment manager by offering clients a conservative approach to managing money and an uncompromising commitment to integrity and quality. Today, Eaton Vance continues to build on the legacy of investment excellence, distribution strength and product innovation inherited from our predecessors.

Eaton Vance conducts its management and advisory business principally through controlled affiliates Eaton Vance Management, Parametric Portfolio Associates LLC (Parametric), Atlanta Capital Management Company, LLC (Atlanta Capital), Calvert Research and Management (Calvert) , Boston Management and Research, Eaton Vance Management (International) Limited and Eaton Vance Advisers International LTD. As a multi-affiliate investment firm, Eaton Vance offers a broad range of high-quality strategies and funds that can support the integration of material, non-financial ESG risk factors.

The affiliates are:

Eaton Vance Management - Boston Management and Research Eaton Vance Management (International) Limited and Eaton Vance Advisers International LTD together will be referred to herein as Eaton Vance Management or EVM - as a leading global asset manager providing advanced, customized solutions to forward-thinking investors, EVM considers material ESG risk factors across its broad range of investment strategies. In-depth fundamental analysis is the primary basis for investment decision making. Capabilities encompass a broad range of equity, fixed and floating-rate income, and alternative strategies. Each strategy is based on a well-reasoned investment philosophy and the consistent application of a disciplined, repeatable investment process. The soundness of EVM's investment approach and the capability of investment teams are reflected in the performance results EVM has achieved for clients over the long term. EVM is a wholly owned subsidiary of EVC.

Parametric - a leading systematic asset manager focused on delivering elevated, transparent, repeatable investment outcomes by bringing clarity and accessibility to investment science. Parametric ‘approach to responsible investing focuses on exercising their ownership rights to encourage good governance practices in order to benefit shareholders while continuing to deliver the underlying strategy return. In Parametric’s view, good governance includes a consideration of the environmental and social impact of a company's activities in order to reduce unnecessary risks and improve the company's competitive position. Parametric reserves specialized portfolio construction techniques using ESG data primarily for client directed mandates in separately managed accounts.

Parametric's solutions apply ingenuity and scientific rigor to manage risks and controls costs across three main categories: better beta, non-traditional alpha and efficient portfolio implementation. Parametric manages assets on behalf of institutions, high-net-worth individuals and fund investors in the U.S. and internationally. Parametric operates independently as a majority-owned subsidiary of EVC.

Atlanta Capital - an investment advisory firm that specializes in managing high-quality stock and bond portfolios on behalf of institutional and individual investors. For over 40 years, Atlanta Capital has remained dedicated to a single investment philosophy, which has been successfully executed over a variety of market conditions. Today, this philosophy continues to be consistently applied across a broad range of traditional equity and fixed-income investment strategies. Atlanta Capital believes the experience of its investment professionals and stability are the hallmarks of its organization. Atlanta Capital operates independently as a majority-owned subsidiary of Eaton Vance Corp.

Calvert - a leader in Responsible Investing. Manager of Calvert Funds, which are one of the largest and most diversified families of responsibly invested mutual funds, encompassing actively and passively managed strategies, U.S. and international equity strategies, fixed-income strategies, and asset allocation funds. Calvert Research and Management is a wholly owned subsidiary of EVM and indirect subsidiary of EVC.

 

Specific to responsible investing, EVC has reported across its entire group of companies and in the event that one or more of our subsidiaries incorporates responsible investing into its investment process, we have incorporated that into our responses. EVC offers mandated responsible investment products through Calvert, Parametric and Atlanta Capital.

While many of our responses are tied to Calvert, since Calvert has been a leader in responsible investment for many years, Parametric also has long-standing and well-established portfolio management practices that allow it to incorporate ESG considerations into any separately managed equity portfolio per client request.

Calvert's - a leader in Responsible Investing. Manager of Calvert Funds, which are one of the largest and most diversified families of responsibly invested mutual funds, encompassing actively and passively managed strategies, U.S. and international equity strategies, fixed-income strategies, and asset allocation funds. Calvert Research and Management is a wholly owned subsidiary of EVM and indirect subsidiary of EVC. For purposes of this report, any documentation of actions by Calvert prior to December 31, 2016 are the actions of Calvert and its predecessor. Eaton Vance Management purchased the majority of the assets of Calvert Investments, Inc. on December 31, 2016 and merged those assets into Calvert Research and Management.

Parametric strives to be able to facilitate any ESG related theme that is important to its clients into a portfolio, assuming that the appropriate data is available. Parametric's goal is not to provide an opinion about which themes are most important or to forecast returns based on these themes, but rather to provide a broad range of high-quality data that can be easily incorporated into any given investment mandate. The value-add is helping clients identify those responsible investing metrics that are most meaningful to their objectives and building a portfolio that performs in-line with their expectations.

Atlanta Captial strives to be able to facilitate ESG related issues important to its clients into a portfolio, subject to data availability and the degree it alters the original portfolio strategy.Atlanta Capital has been incorporating individual client requests for nearly 40 years and the Calvert Principles for 20 years.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United States

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

1906 FTE

02.4. Additional information. [Optional]


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.2. List your subsidiaries that are separate PRI signatories and indicate if you would like to report their RI activities in your organisation’s consolidated report.

Name of PRI signatory subsidiary

(Up to six subsidiaries may be reported)

RI implementation reported here
on a consolidated basis
          Calvert
        
          Parametric
        
          
        
          
        
          
        
          
        

03.3. Additional information. [Optional]

EVC's affiliates: EVM and Atlanta Capital are not signatories in their own right.

Calvert and Parametric will be completing their own filing.


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the assets which are subject to an execution and/or advisory approach. Provide this figure based on the end of your reporting year

04.5. Additional information. [Optional]

Assets above represent Eaton Vance Corp.’s affiliates:

Eaton Vance Management (37% of total AUM)

Calvert (3% of total AUM)

Parametric (54% of total AUM)

Atlanta Capital (6% of total AUM)

 

Execution and/or advisory assets represent the non-discretionary assets managed by Eaton Vance Corp.’s affiliates:.


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity >50% 54 0 0
Fixed income 10-50% 25 0 0
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities <10% 2 0 0
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Money market instruments 0 0 0 0
Other (1), specify 10-50% 19 0 0
Other (2), specify 0 0 0 0

`Other (1)` specified

          Exposure Management – this is a custom overlay solution that uses derivatives and seeks to efficiently achieve an investor’s policy objectives while minimizing transaction costs.
        

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]


OO 07. Fixed income AUM breakdown

07.1. Provide to the nearest 5% the percentage breakdown of your Fixed Income AUM at the end of your reporting year, using the following categories.

Internally managed
45 SSA
6 Corporate (financial)
40 Corporate (non-financial)
9 Securitised
Total 100%

OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

90 Developed Markets
8 Emerging Markets
2 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]


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