EX-99.1 5 exhibit.htm EXHIBIT

									Attachment 1
Eaton Vance Corp.
Consolidated Ending Assets under Management and Net Flows by Investment Mandate
(in millions)

		Three Months Ended								Fiscal Year Ended
		January 31,		April 30,		July 31,		October 31,		October 31,
		2019		2019		2019		2019		2019
Equity assets – beginning of period⁽¹⁾		$	115,772	$	116,990	$	125,869	$	128,996	$	115,772
	Sales and other inflows		6,220		5,050		6,749		6,833		24,852
	Redemptions/outflows		(5,461)		(4,570)		(5,130)		(4,861)		(20,022)
	Net flows		759		480		1,619		1,972		4,830
	Exchanges		(108)		150		(43)		(9)		(10)
	Market value change		567		8,249		1,551		936		11,303
Equity assets – end of period		$	116,990	$	125,869	$	128,996	$	131,895	$	131,895
Fixed income assets – beginning of period⁽²⁾			54,339		56,910		58,531		60,968		54,339
	Sales and other inflows		6,545		5,237		5,237		5,334		22,353
	Redemptions/outflows		(4,866)		(4,452)		(3,495)		(4,193)		(17,006)
	Net flows		1,679		785		1,742		1,141		5,347
	Exchanges		326		71		69		161		627
	Market value change		566		765		626		108		2,065
Fixed income assets – end of period		$	56,910	$	58,531	$	60,968	$	62,378	$	62,378
Floating-rate income assets – beginning of period			44,837		40,943		39,750		38,339		44,837
	Sales and other inflows		3,566		2,079		1,772		1,289		8,706
	Redemptions/outflows		(6,478)		(3,657)		(2,963)		(3,890)		(16,988)
	Net flows		(2,912)		(1,578)		(1,191)		(2,601)		(8,282)
	Exchanges		(266)		(57)		(38)		(67)		(428)
	Market value change		(716)		442		(182)		(568)		(1,024)
Floating-rate income assets – end of period		$	40,943	$	39,750	$	38,339	$	35,103	$	35,103
Alternative assets – beginning of period⁽³⁾			12,139		9,991		9,409		9,031		12,139
	Sales and other inflows		1,044		802		466		405		2,717
	Redemptions/outflows		(3,264)		(1,275)		(1,109)		(970)		(6,618)
	Net flows		(2,220)		(473)		(643)		(565)		(3,901)
	Exchanges		(27)		(149)		9		(88)		(255)
	Market value change		99		40		256		(6)		389
Alternative assets – end of period		$	9,991	$	9,409	$	9,031	$	8,372	$	8,372
Parametric custom portfolios assets – beginning of period⁽⁴⁾			134,345		141,050		153,604		159,067		134,345
	Sales and other inflows		10,164		9,099		9,236		8,358		36,857
	Redemptions/outflows		(5,300)		(5,696)		(5,449)		(5,496)		(21,941)
	Net flows		4,864		3,403		3,787		2,862		14,916
	Exchanges		75		(22)		3		2		58
	Market value change		1,766		9,173		1,673		2,964		15,576
Parametric custom portfolios assets – end of period		$	141,050	$	153,604	$	159,067	$	164,895	$	164,895
Parametric overlay services assets – beginning of period⁽⁵⁾			77,871		78,768		82,775		86,379		77,871
	Sales and other inflows		17,122		14,559		17,307		24,388		73,376
	Redemptions/outflows		(17,808)		(12,544)		(14,611)		(17,400)		(62,363)
	Net flows		(686)		2,015		2,696		6,988		11,013
	Market value change		1,583		1,992		908		1,422		5,905
Parametric overlay services assets – end of period		$	78,768	$	82,775	$	86,379	$	94,789	$	94,789
Total assets under management – beginning of period			439,303		444,652		469,938		482,780		439,303
	Sales and other inflows		44,661		36,826		40,767		46,607		168,861
	Redemptions/outflows		(43,177)		(32,194)		(32,757)		(36,810)		(144,938)
	Net flows		1,484		4,632		8,010		9,797		23,923
	Exchanges		-		(7)		-		(1)		(8)
	Market value change		3,865		20,661		4,832		4,856		34,214
Total assets under management – end of period		$	444,652	$	469,938	$	482,780	$	497,432	$	497,432

⁽¹⁾ Includes balanced and other multi-asset mandates. Excludes equity mandates reported as Parametric custom portfolios.
⁽²⁾ Includes cash management mandates. Excludes benchmark-based fixed income separate accounts reported as Parametric custom portfolios. Amounts have been revised to reflect the reclassification of benchmark-based fixed income separate accounts from fixed income to Parametric custom portfolios.
⁽³⁾ Consists of absolute return, commodity and currency mandates.
⁽⁴⁾ Equity, fixed income and multi-asset separate accounts managed by Parametric for which customization is a primary feature; other Parametric strategies may also be customized. Formerly “portfolio implementation.” Amounts have been revised to reflect the reclassification of benchmark-based fixed income separate accounts from fixed income to Parametric custom portfolios.
⁽⁵⁾ Formerly "exposure management."

							Attachment 2
Eaton Vance Corp.
Consolidated Ending Assets under Management by Investment Mandate
(in millions)

		January 31,		April 30,		July 31,		October 31,
		2019		2019		2019		2019
Equity⁽¹⁾	$	116,990	$	125,869	$	128,996	$	131,895
Fixed income⁽²⁾		56,910		58,531		60,968		62,378
Floating-rate income		40,943		39,750		38,339		35,103
Alternative⁽³⁾		9,991		9,409		9,031		8,372
Parametric custom portfolios⁽⁴⁾		141,050		153,604		159,067		164,895
Parametric overlay services⁽⁵⁾		78,768		82,775		86,379		94,789
Total	$	444,652	$	469,938	$	482,780	$	497,432

⁽¹⁾ Includes balanced and other multi-asset mandates. Excludes equity mandates reported as Parametric custom portfolios.
⁽²⁾ Includes cash management mandates. Excludes benchmark-based fixed income separate accounts reported as Parametric custom portfolios. Amounts have been revised to reflect the reclassification of benchmark-based fixed income separate accounts from fixed income to Parametric custom portfolios.
⁽³⁾ Consists of absolute return, commodity and currency mandates.
⁽⁴⁾ Equity, fixed income and multi-asset separate accounts managed by Parametric for which customization is a primary feature; other Parametric strategies may also be customized. Formerly “portfolio implementation.” Amounts have been revised to reflect the reclassification of benchmark-based fixed income separate accounts from fixed income to Parametric custom portfolios.
⁽⁵⁾ Formerly "exposure management."

							Attachment 3
Eaton Vance Corp.
*Consolidated Ending Assets under Management by Investment Affiliate⁽¹⁾***
(in millions)

		January 31,		April 30,		July 31,		October 31,
		2019		2019		2019		2019
Eaton Vance Management⁽²⁾⁽³⁾	$	143,473	$	147,602	$	148,379	$	146,628
Parametric⁽³⁾		264,945		282,169		292,212		306,907
Atlanta Capital⁽⁴⁾		20,833		23,019		23,978		24,100
Calvert⁽⁵⁾		15,401		17,148		18,211		19,797
Total	$	444,652	$	469,938	$	482,780	$	497,432

⁽¹⁾ In the first quarter of fiscal 2020, the Company changed its policy for reporting managed assets of investment portfolios overseen by multiple Eaton Vance affiliates to base classification on the strategy's primary identity. In conjunction with this change, managed assets of $2.4 billion, $2.7 billion, $3.0 billion and $3.5 billion as of January 31, 2019, April 30, 2019, July 31, 2019 and October 31, 2019, respectively, were reclassified from Atlanta Capital to Calvert and managed assets of $2.6 billion as of January 31, 2019 and $2.8 billion as of each period ended April 30, 2019, July 31, 2019 and October 31, 2019 were reclassified from Parametric to Eaton Vance Management.
⁽²⁾ Includes managed assets of Eaton Vance-sponsored funds and separate accounts managed by Hexavest and unaffiliated third-party advisers under Eaton Vance supervision.
⁽³⁾ In the first quarter of fiscal 2020, management responsibilities for the Company‘s systematically managed fixed income strategies were shifted from Eaton Vance Management to Parametric. Managed assets of the reassigned strategies were $37.4 billion, $39.8 billion, $42.5 billion and $43.9 billion, respectively, as of January 31, 2019, April 30, 2019, July 31, 2019 and October 31, 2019.
⁽⁴⁾ Excludes managed assets of Calvert Equity Fund, which is sub-advised by Atlanta Capital. Including Calvert Equity Fund, the managed assets of Atlanta Capital were $23.2 billion, $25.8 billion, $27.0 billion and $27.6 billion, respectively, as of January 31, 2019, April 30, 2019, July 31, 2019 and October 31, 2019.
⁽⁵⁾ Includes managed assets of Calvert Equity Fund, which is sub-advised by Atlanta Capital, and Calvert-sponsored funds managed by unaffiliated third-party advisers under Calvert supervision.

Attachment 4
Eaton Vance Corp.
Average Annualized Management Fee Rates by Investment Mandate⁽¹⁾
(in basis points on average managed assets)

	Three Months Ended
	January 31,	April 30,	July 31,	October 31,
	2019	2019	2019	2019
Equity⁽²⁾	56.9	57.1	57.1	56.2
Fixed income⁽³⁾	41.8	41.7	41.6	41.6
Floating-rate income	50.0	50.0	49.7	49.3
Alternative⁽⁴⁾	58.3	59.4	66.9	62.7
Parametric custom portfolios⁽⁵⁾	14.4	14.6	15.0	14.8
Parametric overlay services⁽⁶⁾	5.2	5.3	5.2	4.9
Total	32.0	31.8	31.8	30.8

⁽¹⁾ Excludes performance-based fees, which were $(0.3) million in the three months ended January 31, 2019, $1.8 million in the three months ended April 30, 2019, $0.1 million in the three months ended July 31, 2019 and $0.1 million in the three months ended October 31, 2019.
⁽²⁾ Includes balanced and other multi-asset mandates. Excludes equity mandates reported as Parametric custom portfolios.
⁽³⁾ Includes cash management mandates. Excludes benchmark-based fixed income separate accounts reported as Parametric custom portfolios. Amounts have been revised to reflect the reclassification of benchmark-based fixed income separate accounts from fixed income to Parametric custom portfolios.
⁽⁴⁾ Consists of absolute return, commodity and currency mandates.
⁽⁵⁾ Includes equity, fixed income and multi-asset separate accounts managed by Parametric for which customization is a primary feature; other Parametric strategies may also be customized. Formerly “portfolio implementation.” Amounts have been revised to reflect the reclassification of benchmark-based fixed income separate accounts from fixed income to Parametric custom portfolios.
⁽⁶⁾ Formerly "exposure management."

Attachment 5
Eaton Vance Corp.
Consolidated Average Assets under Management by Investment Mandate
(in millions)

	Three Months Ended
	January 31,		April 30,		July 31,			October 31,
	2019		2019		2019			2019
Equity⁽¹⁾	$	114,888	$	121,224	$	125,483	$	129,797
Fixed income⁽²⁾		55,191		57,778		59,870		61,825
Floating-rate income		42,702		40,330		39,100		36,814
Alternative⁽³⁾		11,013		9,733		9,111		8,615
Parametric custom portfolios⁽⁴⁾		135,931		147,134		154,161		160,749
Parametric overlay services⁽⁵⁾		77,685		80,011		83,289		91,148
Total	$	437,410	$	456,210	$	471,014	$	488,948

⁽¹⁾ Includes balanced and other multi-asset mandates. Excludes equity mandates reported as Parametric custom portfolios.
⁽²⁾ Includes cash management mandates. Excludes benchmark-based fixed income separate accounts reported as Parametric custom portfolios. Amounts have been revised to reflect the reclassification of benchmark-based fixed income separate accounts from fixed income to Parametric custom portfolios.
⁽³⁾ Consists of absolute return, commodity and currency mandates.
⁽⁴⁾ Equity, fixed income and multi-asset separate accounts managed by Parametric for which customization is a primary feature; other Parametric strategies may also be customized. Formerly “portfolio implementation.” Amounts have been revised to reflect the reclassification of benchmark-based fixed income separate accounts from fixed income to Parametric custom portfolios.
⁽⁵⁾ Formerly "exposure management."

Attachment 6
Eaton Vance Corp.
Average Management Fee Rates by Investment Mandate⁽¹⁾
(in basis points on average managed assets)

	Fiscal Year Ended
	October 31,	October 31,	October 31,	October 31,	October 31,
	2015⁽²⁾	2016⁽²⁾	2017	2018	2019
Equity⁽³⁾	64.0	62.5	61.2	58.9	56.9
Fixed income⁽⁴⁾	45.3	44.1	43.8	42.5	41.7
Floating-rate income	53.2	51.8	51.6	50.6	49.7
Alternative⁽⁵⁾	60.1	61.3	62.3	64.8	61.4
Parametric custom portfolios⁽⁶⁾	15.5	14.9	14.7	14.6	14.8
Parametric overlay services⁽⁷⁾	5.4	5.1	5.2	5.2	5.1
Total	39.1	35.6	34.2	33.0	31.6

⁽¹⁾ Excludes performance-based fees, which were $3.7 million, $3.4 million, $0.4 million, $(1.7) million and $1.7 million in the fiscal years ended October 31, 2015, 2016, 2017, 2018 and 2019, respectively.
⁽²⁾ The change in rates from those previously disclosed is due to the Company’s retrospective adoption of ASU 2014-09 on November 1, 2018. Fund subsidies previously included as a component of fund-related expenses are now presented as a contra-revenue component of management fees.
⁽³⁾ Includes balanced and other multi-asset mandates. Excludes equity mandates reported as Parametric custom portfolios.
⁽⁴⁾ Includes cash management mandates. Excludes benchmark-based fixed income separate accounts reported as Parametric custom portfolios. Amounts have been revised to reflect the reclassification of benchmark-based fixed income separate accounts from fixed income to Parametric custom portfolios.
⁽⁵⁾ Consists of absolute return, commodity and currency mandates.
⁽⁶⁾ Includes equity, fixed income and multi-asset separate accounts managed by Parametric for which customization is a primary feature; other Parametric strategies may also be customized. Formerly “portfolio implementation.” Amounts have been revised to reflect the reclassification of benchmark-based fixed income separate accounts from fixed income to Parametric custom portfolios.
⁽⁷⁾ Formerly "exposure management."

Attachment 7
Eaton Vance Corp.
Consolidated Average Assets under Management by Investment Mandate
(in millions)

	Fiscal Year Ended
	October 31,		October 31,		October 31,			October 31,	October 31,
	2015		2016		2017			2018	2019
Equity⁽¹⁾	$	93,264	$	88,711	$	103,660	$	119,147	$	122,593
Fixed income⁽²⁾		44,619		47,777		52,143		53,885		58,634
Floating-rate income		38,151		32,759		36,107		41,677		39,750
Alternative⁽³⁾		10,722		10,105		11,419		13,129		9,651
Parametric custom portfolios⁽⁴⁾		57,445		74,328		100,519		129,742		149,091
Parametric overlay services⁽⁵⁾		59,569		67,180		78,544		84,808		83,124
Total	$	303,770	$	320,860	$	382,392	$	442,388	$	462,843

⁽¹⁾ Includes balanced and other multi-asset mandates. Excludes equity mandates reported as Parametric custom portfolios.
⁽²⁾ Includes cash management mandates. Excludes benchmark-based fixed income separate accounts reported as Parametric custom portfolios. Amounts have been revised to reflect the reclassification of benchmark-based fixed income separate accounts from fixed income to Parametric custom portfolios.
⁽³⁾ Consists of absolute return, commodity and currency mandates.
⁽⁴⁾ Equity, fixed income and multi-asset separate accounts managed by Parametric for which customization is a primary feature; other Parametric strategies may also be customized. Formerly “portfolio implementation.” Amounts have been revised to reflect the reclassification of benchmark-based fixed income separate accounts from fixed income to Parametric custom portfolios.
⁽⁵⁾ Formerly "exposure management."