UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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INFORMATION INCLUDED IN THE REPORT
| Item 7.01 | Regulation FD Disclosure |
In the first quarter of its fiscal 2020, Eaton Vance Corp. (the “Company”) made changes to the Company’s reporting of assets under management, net flows and average annualized management fee rates by investment mandate and the reporting of assets under management by investment affiliate. Tables presenting for periods prior to fiscal 2020 the Company’s (i) consolidated ending assets under management and net flows by investment mandate, (ii) consolidated ending assets under management by investment affiliate, (iii) average annualized management fee rates by investment mandate and (iv) consolidated average assets under management by investment mandate, each as adjusted to reflect the revised reporting classifications, are furnished herewith as Exhibit 99.1. Details of the classification changes are further described below and in Exhibit 99.1.
The reclassifications do not affect the Company’s total consolidated ending assets under management, net flows, average annualized management fee rates or consolidated average assets under management for any period.
The Company revised its investment mandate reporting categories to classify benchmark-based fixed income separate accounts (formerly classified as fixed income) to the new Parametric custom portfolios reporting category (formerly “portfolio implementation”). In addition, the Company changed the name of the former “exposure management” mandate reporting category to Parametric overlay services. Prior-period assets under management, net flows and average annualized management fee rates included in Attachments 1, 2, 4, 5, 6 and 7 in Exhibit 99.1 have been revised to reflect the reclassification of benchmark-based fixed income separate accounts from fixed income to Parametric custom portfolios.
The Company also revised its reporting of assets under management by investment affiliate to reflect the shift in management responsibilities for the Company’s systematically managed investment-grade fixed income strategies from Eaton Vance Management to Parametric and the adoption of a new policy to report the managed assets of investment portfolios overseen by multiple Eaton Vance affiliates based on the strategy’s primary identity. Prior-period consolidated assets under management by investment affiliate included in Attachment 3 in Exhibit 99.1 have been revised to reflect this shift in management responsibilities and change in policy.
| Item 9.01. | Financial Statements and Exhibits |
Exhibit No. Document
99.1 Comparative Assets under Management and Effective Fee Rate Tables
104 Cover Page Interactive Data File (formatted as Inline XBRL)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
EATON VANCE CORP.
(Registrant)
Date: March 6, 2020 /s/ Laurie G. Hylton
Laurie G. Hylton, Chief Financial Officer