EATON VANCE: (NYSE:EV)

Investor Relations

Eaton Vance Corp. (Eaton Vance or the Company) provides advanced investment strategies and wealth management solutions to forward-thinking investors around the world. Through principal investment affiliates Eaton Vance Management, Parametric Portfolio Associates, Atlanta Capital Management Company, Calvert Research and Management and Hexavest, the Company offers a diversity of investment approaches, encompassing bottom-up and top-down fundamental active management, responsible investing, systematic investing and customized implementation of client-specified portfolio exposures. Exemplary service, timely innovation and attractive returns across market cycles have been hallmarks of Eaton Vance since 1924.

Our management of client portfolios and the business practices we follow are guided by the Company’s core values of integrity, professionalism, teamwork, client focus, creativity/adaptability and excellence.



Fourth Quarter Fiscal 2020 Financial Highlights*


Financial
Results


  • ($0.31) of GAAP earnings per diluted share, reflecting $0.99 per diluted share charges related to pending Morgan Stanley transaction and $0.19 per diluted share impairment loss on investment in Hexavest.
  • $0.88 of adjusted earnings per diluted share, up 7% sequentially and down 1% year-over-year
  • $451.1 million of consolidated revenue, up 7% sequentially and up 4% year-over-year
  • 31.6% adjusted operating margin flat versus 3Q F2020 and down from 31.8% in 4Q F2019

Managed Assets
and Flows


  • $515.7 billion ending consolidated AUM, up 2% sequentially and up 4% from a year ago
  • $5.2 billion of consolidated net inflows, or $4.8 billion excluding Parametric overlay services
  • Annualized internal growth of 4% in managed assets and 5% in management fee revenue

Investment Performance


  • 32 U.S. mutual funds currently rated 5 stars by Morningstar for one or more share classes
  • 70 U.S. mutual funds currently rated 4 or 5 stars by Morningstar for at least one class of shares
  • 18% of U.S. mutual fund AUM in funds ranking in top quartile of their Morningstar peer group over three years, 46% over five years and 55% over ten years

Capital
Management


  • $0.375 per share regular quarterly dividend

  • $1.1 billion of cash, cash equivalents and short-term debt securities held
  • $266.0 million of seed capital investments in managed funds and accounts
  • $300.0 million undrawn line of credit; no debt due until June 2023

*Management believes that certain non-U.S. GAAP financial measures, specifically, adjusted operating income, adjusted net income attributable to Eaton Vance Corp. shareholders and adjusted earnings per diluted share, while not a substitute for U.S. GAAP financial measures, may be effective indicators of the Company’s performance over time. Non-U.S. GAAP financial measures should not be construed to be superior to U.S. GAAP measures. In calculating these non-U.S. GAAP financial measures, operating income, net income attributable to Eaton Vance Corp. shareholders and earnings per diluted share are adjusted to exclude items management deems non-operating or non-recurring in nature, or otherwise outside the ordinary course of business. These adjustments may include, when applicable, the add back of closed-end fund structuring fees, costs associated with debt repayments and tax settlements, the tax impact of stock-based compensation shortfalls or windfalls, impairment charges, acquisition-related items and non-recurring charges for the effect of tax law changes. The adjusted measures also exclude the impact of consolidated investment entities and other seed capital investments. Management and our Board of Directors, as well as certain of our outside investors, consider the adjusted numbers a measure of the Company’s underlying operating performance. Management believes adjusted net income attributable to Eaton Vance Corp. shareholders and adjusted earnings per diluted share are important indicators of our operations because they exclude items that may not be indicative of, or are unrelated to, our core operating results, and may provide a useful baseline for analyzing trends in our underlying business. Effective in the second quarter of fiscal 2020, the Company’s calculation of non-U.S. GAAP financial measures excludes the impact of consolidated investment entities and other seed capital investments. Adjustments to U.S. GAAP operating income include the add-back of management fee revenue received from consolidated investment entities that are eliminated in consolidation and the non-management expenses of consolidated sponsored funds recognized in consolidation. Adjustments to U.S. GAAP net income attributable to Eaton Vance Corp. shareholders include the after-tax impact of these adjustments to operating income and the elimination of gains (losses) and other investment income (expense) of consolidated investment entities and other seed capital investments included in non-operating income (expense), as determined net of tax and non-controlling and other beneficial interests. All prior period non-U.S. GAAP financial measures have been updated to reflect this change.



Consolidated AUM and Management Fees by Investment Mandate


Ending Assets Under Management

As of October 31, 2020

Ending Assets Under Management by Investment Mandate

$515.7 billion

 

 

Equity
Fixed income
Floating-rate income
Alternative
Parametric Custom Portfolios
Parametric Overlay Services

Management Fees

For the fiscal year ended October 31, 2020

Management Fee Revenue by Investment Mandate

$1,514.4 million

Eaton Vance Corp. consolidated totals as of and for the period ended October 31, 2020. Does not include the directly managed assets and associated revenue of 49%-owned Hexavest, Inc.



Consolidated AUM and Management Fees by Investment Vehicle


Ending Assets Under Management

As of October 31, 2020

Ending Assets Under Management by Investment Vehicle

$515.7 billion

 

 

Open-end funds
Closed-end funds
Private funds
Institutional separate accounts
Individual separate accounts

Management Fees

For the fiscal year ended October 31, 2020

Management Fee Revenue by Investment Mandate

$1,514.4 million

Eaton Vance Corp. consolidated totals as of and for the period ended October 31, 2020. Does not include the directly managed assets and associated revenue of 49%-owned Hexavest, Inc.



Consolidated AUM and Management Fees by Investment Affiliate


Ending Assets Under Management

As of October 31, 2020

Ending Assets Under Management by Investment Affiliate

$515.7 billion

 

 

Eaton Vance Management
Parametric
Atlanta Capital
Calvert

Management Fees

For the fiscal year ended October 31, 2020

Management Fee Revenue by Investment Affiliate

$1,514.4 million

Eaton Vance Corp. consolidated totals as of and for the period ended October 31, 2020. Does not include the directly managed assets and associated revenue of 49%-owned Hexavest Inc.
Managed assets and associated revenue of client portfolios overseen by multiple Eaton Vance affiliates are attributed based on the strategy’s primary identity.



Resources


Corporate Filings

Review Eaton Vance Corp. documents that are required by the Securities and Exchange Commission.
VIEW FILINGS


Annual Reports

Browse through PDFs of our annual report, dating back to 2004.
VIEW REPORTS


Information Requests

Request investor information about Eaton Vance.
VIEW FORM

Corporate Calendar of Events


Tuesday, November 24, 2020

Eaton Vance Corp. Report for the Three Months and Fiscal Year Ended October 31, 2020
DOWNLOAD PRESS RELEASE

Wednesday, August 26, 2020

Eaton Vance Corp. Report for the Three and Nine Month Periods Ended July 31, 2020
DOWNLOAD PRESS RELEASE

Wednesday, May 20, 2020

Eaton Vance Corp. Report for the Three and Six Month Periods Ended April 30, 2020
DOWNLOAD PRESS RELEASE

Wednesday, February 26, 2020

Eaton Vance Corp. Report for the Three Month Period Ended January 31, 2020
DOWNLOAD PRESS RELEASE

Tuesday, November 26, 2019

Eaton Vance Corp. Report for the Three Months and Fiscal Year Ended October 31, 2019
DOWNLOAD PRESS RELEASE

Tuesday, August 27, 2019

Eaton Vance Corp. Report for the Three and Nine Month Periods Ended July 31, 2019
DOWNLOAD PRESS RELEASE



Analyst Coverage


Firm
Autonomous
Bank of America Merrill Lynch
Citigroup
Credit Suisse
Deutsche Bank
Evercore
Jefferies
J.P. Morgan Chase
Keefe, Bruyette & Woods
William Blair

Analyst
Patrick Davitt
Michael Carrier
William R. Katz
Craig W. Siegenthaler
Brian Bedell
Glenn Schorr
Daniel T. Fannon
Kenneth B. Worthington
Robert Lee
Chris Shutler

Telephone
646-561-6254
646-855-5004
212-816-5394
212-325-3104
212-250-6600
212-653-9045
415-229-1523
212-622-6613
212-887-7732
312-364-8197


To the knowledge of Eaton Vance Corp., the firms listed above currently cover Eaton Vance Corp. Eaton Vance Corp. makes no representations about the accuracy of any reports produced by such firms regarding Eaton Vance Corp.



 

Eaton Vance Self Service

loading

We apologize for the inconvenience but we are experiencing a technical issue.

We are working on a solution. Please try again later.

If you require further assistance, please call:
1-800-836-2414.

You have already upgraded your account.

Please login using the link at the top of the page.

You have successfully un-subscribed from .

    Thank you. All available selections have already been completed.

    Congratulations! You are registered.

    We have sent a verification email to . Please check your e-mail and click on the secured link to verify your account and complete the registration process.

    Trouble receiving the verification email? Call 1-800-836-2414.

    Congratulations!

    We are pleased to grant you access to this Eaton Vance website.

    Please click here to be logged in with your username .

    A verification email has been sent.

    You have requested a change to your password. In order to process this request, a verification email has been sent to . When you receive this email, please click the link contained within the email to start the password reset process.

    Trouble signing in? Call 1-800-836-2414.

    This account is restricted.

    Your account has limited access.


    If you need further assistance, please call 1-800-836-2414.

    This account has been updated.

    Your account has been updated to use your new email address .

    We have sent a verification email to with a verification link to confirm the change.

    Trouble receiving the verification email? Call 1-800-836-2414.

    This email account has not been verified.

    Your account has not yet been activated. We have sent a verification email to . If you'd like us to resend this, please click the Resend Email button below.

    Trouble receiving the verification email? Call 1-800-836-2414.

    Cancel

    Thank you.

    An e-mail verification has been re-sent to . Please check your e-mail and follow the instructions to complete the registration process.

    Trouble receiving the verification email? Call 1-800-836-2414.

    An email has been sent to the email address containing a link to verify your credentials. Please check your e-mail and click on the secured link to complete your request.

    Trouble receiving the verification email? Call 1-800-836-2414.

    Re-verification Required

    For security purposes we could not complete your request. Please click here to receive a new link to access the requested content.

    A new email has been sent to the email address containing a link to re-verify your credentials. Please check your e-mail and click on the secured link to complete your request.

    Trouble receiving the verification email? Call 1-800-836-2414.

    Verification Accepted

    You have been granted access to the requested content.

    Remember Me

    Click here to remain recognized on this device for future visits to eatonvance.com

    Do Not Remember Me

    Click here if you are using a Public Computer or Shared Device.

    Trouble receiving the verification email? Call 1-800-836-2414.

    Cancel

    Subscribe to new content: Register

    Please check the Fund Literature that you would like to subscribe to. Your subscriptions can be managed on your profile page.

    Subscribe All

    Thank you for downloading

    If your download did not start automatically, please click here.

    Want real-time updates?

    Sign up now for EV alerts for  

    Close

    Thank you for subscribing

    We have sent a verification email to . Please check your e-mail and click on the secured link to verify your subscription.

    Thank you for subscribing

    You have successfully subscribed to .

    Un-subscription request

    We have sent a verification email to . Please check your e-mail and click on the secured link to verify your request.

    Opt-In Request

    We have sent a verification email to . Please check your e-mail and click on the secured link to verify your request.

    Opt-Out Request

    We have sent a verification email to . Please check your e-mail and click on the secured link to verify your request.

    Want real-time updates?

    You have selected to receive email notifications for:

    Cancel

    Subscribe to new content: Register

    Want real-time updates?

    You are currently "Opted Out" of all Eaton Vance email communications. If you would like to be alerted of updates to your new subscription, please Opt In:

    Close

    Enter your e-mail address to reset your password.

    Already have an account?
    Subscribe to new content: Register

    Trouble registering? Call 1-800-836-2414.

    Please wait while the data is being prepared for download.
    loading
    This message will automatically close when your file is ready.
    Please enter a new email.

    Trouble signing in? Call 1-800-836-2414.

    Investment Professionals

    Register Now

    Already have an account? .

    Eaton Vance

    Eaton Vance

    Eaton Vance

    Symbol:  

    NAV as of  
       

    Eaton Vance