10/23/2024 | Press release | Distributed by Public on 10/23/2024 12:22
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: 811-04015
Eaton Vance Mutual Funds Trust
(Exact Name of Registrant as Specified in Charter)
One Post Office Square, Boston, Massachusetts 02109
(Address of Principal Executive Offices)
Deidre E. Walsh
One Post Office Square, Boston, Massachusetts 02109
(Name and Address of Agent for Services)
(617) 482-8260
(Registrant's Telephone Number)
February 28
Date of Fiscal Year End
August 31, 2024
Date of Reporting Period
Item 1. Reports to Stockholders
(a)
Semi-Annual Shareholder Report August 31, 2024
This semi-annual shareholder report contains important information about the Parametric Dividend Income Fund for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.eatonvance.com/parametric-fund-documents.php. You can also request this information by contacting us at 1-800-260-0761.
(based on a hypothetical $10,000 investment)
Class Name
|
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
Class I
|
$22
|
0.41%
|
Total Net Assets
|
$27,730,672
|
# of Portfolio Holdings
|
192
|
Portfolio Turnover Rate
|
30%
|
The following tables reflect what the Fund invested in as of the report date.
Value
|
Value
|
Short-Term Investments
|
0.3%
|
Communication Services
|
5.2%
|
Energy
|
9.7%
|
Information Technology
|
9.9%
|
Consumer Discretionary
|
10.3%
|
Industrials
|
10.4%
|
Materials
|
10.6%
|
Financials
|
10.7%
|
Health Care
|
10.9%
|
Consumer Staples
|
11.0%
|
Utilities
|
11.0%
|
Kellanova
|
0.7%
|
Lockheed Martin Corp.
|
0.6%
|
Bristol-Myers Squibb Co.
|
0.6%
|
WEC Energy Group, Inc.
|
0.6%
|
Aflac, Inc.
|
0.6%
|
Amcor PLC
|
0.6%
|
RTX Corp.
|
0.6%
|
AbbVie, Inc.
|
0.6%
|
Best Buy Co., Inc.
|
0.6%
|
Ingredion, Inc.
|
0.6%
|
Total
|
6.1%
|
Footnote | Description |
Footnotea
|
Excluding cash equivalents |
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements and holdings, please scan the QR code or visit www.eatonvance.com/parametric-fund-documents.php. For proxy information, please visit www.eatonvance.com/proxyvoting.
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-260-0761 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Semi-Annual Shareholder Report August 31, 2024
Semi-Annual Shareholder Report August 31, 2024
This semi-annual shareholder report contains important information about the Parametric Dividend Income Fund for the period of March 1, 2024 to August 31, 2024. You can find additional information about the Fund at www.eatonvance.com/parametric-fund-documents.php. You can also request this information by contacting us at 1-800-260-0761.
(based on a hypothetical $10,000 investment)
Class Name
|
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
Class A
|
$35
|
0.66%
|
Total Net Assets
|
$27,730,672
|
# of Portfolio Holdings
|
192
|
Portfolio Turnover Rate
|
30%
|
The following tables reflect what the Fund invested in as of the report date.
Value
|
Value
|
Short-Term Investments
|
0.3%
|
Communication Services
|
5.2%
|
Energy
|
9.7%
|
Information Technology
|
9.9%
|
Consumer Discretionary
|
10.3%
|
Industrials
|
10.4%
|
Materials
|
10.6%
|
Financials
|
10.7%
|
Health Care
|
10.9%
|
Consumer Staples
|
11.0%
|
Utilities
|
11.0%
|
Kellanova
|
0.7%
|
Lockheed Martin Corp.
|
0.6%
|
Bristol-Myers Squibb Co.
|
0.6%
|
WEC Energy Group, Inc.
|
0.6%
|
Aflac, Inc.
|
0.6%
|
Amcor PLC
|
0.6%
|
RTX Corp.
|
0.6%
|
AbbVie, Inc.
|
0.6%
|
Best Buy Co., Inc.
|
0.6%
|
Ingredion, Inc.
|
0.6%
|
Total
|
6.1%
|
Footnote | Description |
Footnotea
|
Excluding cash equivalents |
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements and holdings, please scan the QR code or visit www.eatonvance.com/parametric-fund-documents.php. For proxy information, please visit www.eatonvance.com/proxyvoting.
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-260-0761 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Semi-Annual Shareholder Report August 31, 2024
(b) Not applicable.
Item 2. Code of Ethics
Not required in this filing.
Item 3. Audit Committee Financial Expert
Not required in this filing.
Item 4. Principal Accountant Fees and Services
Not required in this filing.
Item 5. Audit Committee of Listed Registrants
Not applicable.
Item 6. Schedule of Investments
(a) |
Please see schedule of investments contained in the Financial Statements and Financial Highlights included under Item 7 of this Form N-CSR. |
(b) |
Not applicable. |
Item 7. Financial Statements and Financial Highlights for Open-EndManagement Investment Companies
Table of Contents | |
Portfolio of Investments | 1 |
Statement of Assets and Liabilities | 6 |
Statement of Operations | 7 |
Statements of Changes in Net Assets | 8 |
Financial Highlights | 9 |
Notes to Financial Statements | 11 |
Board of Trustees' Contract Approval | 16 |
Common Stocks - 99.7% |
Security | Shares | Value | |
Aerospace & Defense - 1.8% | |||
General Dynamics Corp. | 508 | $ 152,075 | |
Lockheed Martin Corp. | 300 | 170,430 | |
RTX Corp. | 1,340 | 165,276 | |
$ 487,781 | |||
Air Freight & Logistics - 0.5% | |||
United Parcel Service, Inc., Class B | 1,015 | $ 130,478 | |
$ 130,478 | |||
Automobile Components - 1.4% | |||
Gentex Corp. | 3,903 | $ 122,281 | |
LCI Industries | 1,191 | 140,347 | |
Lear Corp. | 1,189 | 138,697 | |
$ 401,325 | |||
Banks - 2.2% | |||
Commerce Bancshares, Inc. | 2,420 | $ 154,783 | |
Cullen/Frost Bankers, Inc. | 1,332 | 149,491 | |
Prosperity Bancshares, Inc. | 2,124 | 156,284 | |
Regions Financial Corp. | 6,453 | 151,129 | |
$ 611,687 | |||
Beverages - 2.8% | |||
Brown-Forman Corp., Class B | 3,243 | $ 147,849 | |
Coca-Cola Co. | 2,260 | 163,782 | |
Keurig Dr. Pepper, Inc. | 4,438 | 162,475 | |
Molson Coors Beverage Co., Class B | 2,688 | 145,071 | |
PepsiCo, Inc. | 828 | 143,145 | |
$ 762,322 | |||
Biotechnology - 1.2% | |||
AbbVie, Inc. | 839 | $ 164,704 | |
Gilead Sciences, Inc. | 2,048 | 161,792 | |
$ 326,496 | |||
Building Products - 0.5% | |||
A.O. Smith Corp. | 1,559 | $ 130,519 | |
$ 130,519 | |||
Capital Markets - 1.5% | |||
CME Group, Inc. | 718 | $ 154,901 |
Security | Shares | Value | |
Capital Markets (continued) | |||
Janus Henderson Group PLC | 4,060 | $ 152,697 | |
T. Rowe Price Group, Inc. | 1,028 | 109,009 | |
$ 416,607 | |||
Chemicals - 5.7% | |||
Air Products and Chemicals, Inc. | 543 | $ 151,416 | |
Corteva, Inc. | 2,561 | 146,745 | |
Dow, Inc. | 2,615 | 140,112 | |
DuPont de Nemours, Inc. | 1,677 | 141,287 | |
Eastman Chemical Co. | 1,373 | 140,554 | |
FMC Corp. | 2,339 | 151,053 | |
Huntsman Corp. | 5,922 | 130,580 | |
Linde PLC | 320 | 153,040 | |
LyondellBasell Industries NV, Class A | 1,489 | 146,964 | |
PPG Industries, Inc. | 1,086 | 140,887 | |
RPM International, Inc. | 1,297 | 150,776 | |
$ 1,593,414 | |||
Communications Equipment - 0.6% | |||
Cisco Systems, Inc. | 3,037 | $ 153,490 | |
$ 153,490 | |||
Consumer Staples Distribution & Retail - 1.1% | |||
Costco Wholesale Corp. | 171 | $ 152,597 | |
Walmart, Inc. | 2,085 | 161,025 | |
$ 313,622 | |||
Containers & Packaging - 2.8% | |||
Amcor PLC | 14,473 | $ 165,571 | |
AptarGroup, Inc. | 945 | 144,764 | |
International Paper Co. | 3,212 | 155,525 | |
Packaging Corp. of America | 765 | 160,298 | |
Sonoco Products Co. | 2,673 | 151,212 | |
$ 777,370 | |||
Distributors - 1.0% | |||
Genuine Parts Co. | 1,018 | $ 145,839 | |
LKQ Corp. | 3,145 | 130,800 | |
$ 276,639 | |||
Diversified Telecommunication Services - 1.6% | |||
AT&T, Inc. | 7,643 | $ 152,096 | |
Cogent Communications Holdings, Inc.(1) | 2,065 | 144,509 | |
Verizon Communications, Inc. | 3,498 | 146,146 | |
$ 442,751 |
Security | Shares | Value | |
Electric Utilities - 6.1% | |||
Alliant Energy Corp. | 2,716 | $ 158,261 | |
American Electric Power Co., Inc. | 1,542 | 154,632 | |
Avangrid, Inc. | 4,104 | 146,472 | |
Duke Energy Corp. | 1,289 | 146,882 | |
Evergy, Inc. | 2,717 | 160,683 | |
IDACORP, Inc. | 1,460 | 148,789 | |
OGE Energy Corp. | 4,003 | 158,359 | |
Pinnacle West Capital Corp. | 1,760 | 154,035 | |
Portland General Electric Co. | 3,138 | 150,969 | |
PPL Corp. | 4,975 | 158,752 | |
Southern Co. | 1,790 | 154,656 | |
$ 1,692,490 | |||
Electrical Equipment - 0.5% | |||
Emerson Electric Co. | 1,257 | $ 132,475 | |
$ 132,475 | |||
Electronic Equipment, Instruments & Components - 1.9% | |||
Amphenol Corp., Class A | 2,076 | $ 140,026 | |
Avnet, Inc. | 2,563 | 141,427 | |
Corning, Inc. | 2,926 | 122,453 | |
Vishay Intertechnology, Inc. | 5,826 | 117,394 | |
$ 521,300 | |||
Energy Equipment & Services - 1.3% | |||
Baker Hughes Co. | 3,696 | $ 129,989 | |
Helmerich & Payne, Inc. | 3,383 | 110,387 | |
Noble Corp. PLC | 3,035 | 115,785 | |
$ 356,161 | |||
Entertainment - 0.5% | |||
Electronic Arts, Inc. | 993 | $ 150,757 | |
$ 150,757 | |||
Financial Services - 2.1% | |||
Essent Group Ltd. | 2,327 | $ 149,603 | |
Jack Henry & Associates, Inc. | 828 | 143,269 | |
MGIC Investment Corp. | 5,941 | 151,079 | |
Western Union Co. | 10,770 | 131,394 | |
$ 575,345 | |||
Food Products - 4.4% | |||
Archer-Daniels-Midland Co. | 2,129 | $ 129,848 | |
Bunge Global SA | 1,264 | 128,144 | |
General Mills, Inc. | 2,193 | 158,532 | |
Hormel Foods Corp. | 4,608 | 149,990 |
Security | Shares | Value | |
Food Products (continued) | |||
Ingredion, Inc. | 1,222 | $ 164,127 | |
Kellanova | 2,445 | 197,092 | |
Kraft Heinz Co. | 4,442 | 157,380 | |
Mondelez International, Inc., Class A | 2,025 | 145,415 | |
$ 1,230,528 | |||
Gas Utilities - 2.1% | |||
Atmos Energy Corp. | 1,188 | $ 155,319 | |
National Fuel Gas Co. | 2,538 | 151,671 | |
ONE Gas, Inc. | 2,040 | 140,637 | |
Spire, Inc. | 2,173 | 143,353 | |
$ 590,980 | |||
Ground Transportation - 0.5% | |||
Landstar System, Inc. | 750 | $ 136,920 | |
$ 136,920 | |||
Health Care Equipment & Supplies - 2.2% | |||
Abbott Laboratories | 1,350 | $ 152,915 | |
Becton Dickinson & Co. | 593 | 143,749 | |
Medtronic PLC | 1,819 | 161,127 | |
Zimmer Biomet Holdings, Inc. | 1,340 | 154,716 | |
$ 612,507 | |||
Health Care Providers & Services - 4.3% | |||
Cardinal Health, Inc. | 1,452 | $ 163,670 | |
Cencora, Inc. | 611 | 146,377 | |
Chemed Corp. | 253 | 148,301 | |
Labcorp Holdings, Inc. | 663 | 152,417 | |
Patterson Cos., Inc. | 5,464 | 122,885 | |
Premier, Inc., Class A | 7,451 | 151,777 | |
Quest Diagnostics, Inc. | 978 | 153,517 | |
UnitedHealth Group, Inc. | 264 | 155,813 | |
$ 1,194,757 | |||
Hotels, Restaurants & Leisure - 2.1% | |||
Darden Restaurants, Inc. | 994 | $ 157,201 | |
Texas Roadhouse, Inc. | 798 | 134,662 | |
Vail Resorts, Inc. | 803 | 145,905 | |
Wendy's Co.(1) | 7,868 | 133,127 | |
$ 570,895 | |||
Household Durables - 1.0% | |||
Garmin Ltd. | 848 | $ 155,430 |
Security | Shares | Value | |
Household Durables (continued) | |||
Whirlpool Corp.(1) | 1,205 | $ 120,849 | |
$ 276,279 | |||
Household Products - 1.5% | |||
Church & Dwight Co., Inc. | 1,341 | $ 136,621 | |
Kimberly-Clark Corp. | 1,012 | 146,396 | |
Procter & Gamble Co. | 832 | 142,721 | |
$ 425,738 | |||
Industrial Conglomerates - 0.5% | |||
Honeywell International, Inc. | 671 | $ 139,508 | |
$ 139,508 | |||
Insurance - 4.9% | |||
Aflac, Inc. | 1,505 | $ 166,092 | |
Cincinnati Financial Corp. | 1,101 | 150,870 | |
Fidelity National Financial, Inc. | 2,697 | 159,015 | |
Hanover Insurance Group, Inc. | 1,109 | 163,012 | |
MetLife, Inc. | 1,963 | 152,093 | |
Old Republic International Corp. | 4,527 | 162,384 | |
Principal Financial Group, Inc. | 1,566 | 127,504 | |
Prudential Financial, Inc. | 1,042 | 126,249 | |
Travelers Cos., Inc. | 635 | 144,824 | |
$ 1,352,043 | |||
Interactive Media & Services - 0.4% | |||
Shutterstock, Inc.(1) | 3,440 | $ 123,427 | |
$ 123,427 | |||
IT Services - 2.2% | |||
Accenture PLC, Class A | 431 | $ 147,380 | |
Amdocs Ltd. | 1,759 | 152,980 | |
Cognizant Technology Solutions Corp., Class A | 1,978 | 153,829 | |
International Business Machines Corp. | 742 | 149,981 | |
$ 604,170 | |||
Leisure Products - 1.1% | |||
Hasbro, Inc. | 2,260 | $ 154,042 | |
Polaris, Inc. | 1,745 | 147,714 | |
$ 301,756 | |||
Life Sciences Tools & Services - 0.5% | |||
Danaher Corp. | 543 | $ 146,235 | |
$ 146,235 |
Security | Shares | Value | |
Machinery - 2.5% | |||
Cummins, Inc. | 505 | $ 157,989 | |
Donaldson Co., Inc. | 1,950 | 141,824 | |
Graco, Inc. | 1,672 | 139,361 | |
IDEX Corp. | 628 | 129,669 | |
Snap-on, Inc. | 475 | 134,777 | |
$ 703,620 | |||
Media - 2.6% | |||
Comcast Corp., Class A | 3,621 | $ 143,283 | |
Interpublic Group of Cos., Inc. | 4,680 | 152,615 | |
New York Times Co., Class A | 2,717 | 149,245 | |
News Corp., Class B(1) | 4,870 | 143,324 | |
Omnicom Group, Inc. | 1,454 | 146,025 | |
$ 734,492 | |||
Metals & Mining - 2.0% | |||
Newmont Corp. | 3,002 | $ 160,277 | |
Reliance, Inc. | 449 | 128,706 | |
Royal Gold, Inc. | 1,063 | 149,001 | |
Southern Copper Corp.(1) | 1,227 | 124,810 | |
$ 562,794 | |||
Multi-Utilities - 2.8% | |||
Consolidated Edison, Inc. | 1,436 | $ 145,840 | |
Dominion Energy, Inc. | 2,680 | 149,812 | |
Public Service Enterprise Group, Inc. | 1,885 | 152,214 | |
Sempra | 1,861 | 152,937 | |
WEC Energy Group, Inc. | 1,795 | 166,989 | |
$ 767,792 | |||
Oil, Gas & Consumable Fuels - 8.5% | |||
Antero Midstream Corp. | 9,420 | $ 140,075 | |
Chevron Corp. | 893 | 132,119 | |
Chord Energy Corp. | 780 | 115,775 | |
ConocoPhillips | 1,267 | 144,172 | |
Coterra Energy, Inc. | 5,058 | 123,061 | |
Devon Energy Corp. | 3,089 | 138,326 | |
DHT Holdings, Inc. | 12,791 | 138,527 | |
Diamondback Energy, Inc. | 628 | 122,529 | |
DT Midstream, Inc. | 2,037 | 160,088 | |
EOG Resources, Inc. | 1,018 | 131,139 | |
Exxon Mobil Corp. | 1,179 | 139,051 | |
HF Sinclair Corp. | 2,781 | 136,658 | |
Kinder Morgan, Inc. | 6,933 | 149,545 | |
ONEOK, Inc. | 1,576 | 145,559 | |
Phillips 66 | 1,002 | 140,591 |
Security | Shares | Value | |
Oil, Gas & Consumable Fuels (continued) | |||
Valero Energy Corp. | 927 | $ 136,019 | |
Williams Cos., Inc. | 3,365 | 154,016 | |
$ 2,347,250 | |||
Pharmaceuticals - 2.7% | |||
Bristol-Myers Squibb Co. | 3,394 | $ 169,530 | |
Johnson & Johnson | 989 | 164,036 | |
Merck & Co., Inc. | 1,075 | 127,334 | |
Pfizer, Inc. | 4,879 | 141,540 | |
Royalty Pharma PLC, Class A | 5,148 | 149,446 | |
$ 751,886 | |||
Professional Services - 2.1% | |||
Automatic Data Processing, Inc. | 560 | $ 154,509 | |
ManpowerGroup, Inc. | 2,057 | 152,053 | |
Paychex, Inc. | 1,114 | 146,157 | |
Robert Half, Inc. | 2,183 | 136,809 | |
$ 589,528 | |||
Semiconductors & Semiconductor Equipment - 2.4% | |||
Analog Devices, Inc. | 611 | $ 143,487 | |
Kulicke & Soffa Industries, Inc. | 2,751 | 120,521 | |
Power Integrations, Inc. | 1,836 | 123,196 | |
Skyworks Solutions, Inc. | 1,177 | 128,987 | |
Texas Instruments, Inc. | 672 | 144,037 | |
$ 660,228 | |||
Software - 2.0% | |||
Dolby Laboratories, Inc., Class A | 1,821 | $ 129,947 | |
InterDigital, Inc. | 1,151 | 159,483 | |
Microsoft Corp. | 279 | 116,382 | |
Roper Technologies, Inc. | 255 | 141,374 | |
$ 547,186 | |||
Specialty Retail - 1.7% | |||
Best Buy Co., Inc. | 1,638 | $ 164,455 | |
Home Depot, Inc. | 409 | 150,717 | |
TJX Cos., Inc. | 1,267 | 148,581 | |
$ 463,753 | |||
Technology Hardware, Storage & Peripherals - 1.0% | |||
Hewlett Packard Enterprise Co. | 6,779 | $ 131,309 | |
HP, Inc. | 3,756 | 135,892 | |
$ 267,201 |
Security | Shares | Value | |
Textiles, Apparel & Luxury Goods - 2.0% | |||
Carter's, Inc. | 2,318 | $ 152,756 | |
Columbia Sportswear Co. | 1,745 | 140,874 | |
Oxford Industries, Inc. | 1,402 | 121,946 | |
Steven Madden Ltd. | 3,170 | 142,967 | |
$ 558,543 | |||
Tobacco - 1.1% | |||
Altria Group, Inc. | 2,950 | $ 158,621 | |
Philip Morris International, Inc. | 1,295 | 159,661 | |
$ 318,282 | |||
Trading Companies & Distributors - 1.5% | |||
Fastenal Co. | 2,156 | $ 147,212 | |
MSC Industrial Direct Co., Inc., Class A | 1,675 | 137,752 | |
Watsco, Inc. | 289 | 137,396 | |
$ 422,360 | |||
Total Common Stocks (identified cost $20,010,571) |
$27,653,687 |
Short-Term Investments - 0.3% |
Affiliated Fund - 0.3% |
Security | Shares | Value | |
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.19%(2) | 80,525 | $ 80,525 | |
Total Affiliated Fund (identified cost $80,525) |
$ 80,525 |
Securities Lending Collateral - 0.0%(3) |
Security | Shares | Value | |
State Street Navigator Securities Lending Government Money Market Portfolio, 5.29%(4) | 254 | $ 254 | |
Total Securities Lending Collateral (identified cost $254) |
$ 254 | ||
Total Short-Term Investments (identified cost $80,779) |
$ 80,779 | ||
Total Investments - 100.0% (identified cost $20,091,350) |
$27,734,466 | ||
Other Assets, Less Liabilities - (0.0)%(3) | $ (3,794) | ||
Net Assets - 100.0% | $27,730,672 |
The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | |
(1) | All or a portion of this security was on loan at August 31, 2024. The aggregate market value of securities on loan at August 31, 2024 was $296,272. |
(2) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of August 31, 2024. |
(3) | Amount is less than 0.05% or (0.05)%, as applicable. |
(4) | Represents investment of cash collateral received in connection with securities lending. |
August 31, 2024 | |
Assets | |
Unaffiliated investments, at value (identified cost $20,010,825) - including $296,272 of securities on loan | $27,653,941 |
Affiliated investments, at value (identified cost $80,525) | 80,525 |
Cash | 89 |
Dividends receivable | 72,592 |
Dividends receivable from affiliated investments | 396 |
Receivable for Fund shares sold | 72,223 |
Securities lending income receivable | 45 |
Tax reclaims receivable | 172 |
Receivable from affiliates | 14,965 |
Trustees' deferred compensation plan | 18,842 |
Total assets | $27,913,790 |
Liabilities | |
Collateral for securities loaned | $254 |
Payable for Fund shares redeemed | 77,570 |
Payable to affiliates: | |
Investment adviser and administration fee | 7,083 |
Distribution and service fees | 1,046 |
Trustees' deferred compensation plan | 18,842 |
Payable for custodian fee | 11,945 |
Payable for legal and accounting services | 23,737 |
Payable for registration fees | 32,674 |
Accrued expenses | 9,967 |
Total liabilities | $183,118 |
Net Assets | $27,730,672 |
Sources of Net Assets | |
Paid-in capital | $20,967,963 |
Distributable earnings | 6,762,709 |
Net Assets | $27,730,672 |
Class A Shares | |
Net Assets | $5,094,011 |
Shares Outstanding | 286,210 |
Net Asset Value and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) |
$17.80 |
Maximum Offering Price Per Share (100 ÷ 94.75 of net asset value per share) |
$18.79 |
Class I Shares | |
Net Assets | $22,636,661 |
Shares Outstanding | 1,269,281 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) |
$17.83 |
On sales of $50,000 or more, the offering price of Class A shares is reduced. |
Six Months Ended | |
August 31, 2024 | |
Investment Income | |
Dividend income | $480,324 |
Dividend income from affiliated investments | 2,969 |
Securities lending income, net | 1,035 |
Total investment income | $484,328 |
Expenses | |
Investment adviser and administration fee | $45,606 |
Distribution and service fees: | |
Class A | 5,669 |
Trustees' fees and expenses | 1,087 |
Custodian fee | 15,036 |
Transfer and dividend disbursing agent fees | 8,772 |
Legal and accounting services | 21,776 |
Printing and postage | 235 |
Registration fees | 41,252 |
Interest expense and fees | 1,763 |
Miscellaneous | 6,896 |
Total expenses | $148,092 |
Deduct: | |
Waiver and/or reimbursement of expenses by affiliates | $79,935 |
Total expense reductions | $79,935 |
Net expenses | $68,157 |
Net investment income | $416,171 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss): | |
Investment transactions | $4,059,047 |
Net realized gain | $4,059,047 |
Change in unrealized appreciation (depreciation): | |
Investments | $(1,565,898) |
Net change in unrealized appreciation (depreciation) | $(1,565,898) |
Net realized and unrealized gain | $2,493,149 |
Net increase in net assets from operations | $2,909,320 |
Six Months Ended August 31, 2024 (Unaudited) |
Year Ended February 29, 2024 |
|
Increase (Decrease) in Net Assets | ||
From operations: | ||
Net investment income | $416,171 | $2,658,041 |
Net realized gain | 4,059,047 | 745,090 |
Net change in unrealized appreciation (depreciation) | (1,565,898) | (1,397,790) |
Net increase in net assets from operations | $2,909,320 | $2,005,341 |
Distributions to shareholders: | ||
Class A | $(51,240) | $(117,821) |
Class I | (356,067) | (2,911,037) |
Total distributions to shareholders | $(407,307) | $(3,028,858) |
Transactions in shares of beneficial interest: | ||
Class A | $413,537 | $189,883 |
Class I | (8,517,604) | (90,855,932) |
Net decrease in net assets from Fund share transactions | $(8,104,067) | $(90,666,049) |
Net decrease in net assets | $(5,602,054) | $(91,689,566) |
Net Assets | ||
At beginning of period | $33,332,726 | $125,022,292 |
At end of period | $27,730,672 | $33,332,726 |
Class A | ||||||
Six Months Ended August 31, 2024 (Unaudited) |
Year Ended February 29, 2024 |
Year Ended February 28, |
Year Ended February 29, 2020 |
|||
2023 | 2022 | 2021 | ||||
Net asset value - Beginning of period | $16.33 | $16.07 | $16.23 | $14.13 | $11.95 | $12.87 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $0.21 | $0.44 | $0.44 | $0.38 | $0.35 | $0.36 |
Net realized and unrealized gain (loss) | 1.46 | 0.31 | (0.21) | 2.10 | 2.19 | (0.95) |
Total income (loss) from operations | $1.67 | $0.75 | $0.23 | $2.48 | $2.54 | $(0.59) |
Less Distributions | ||||||
From net investment income | $(0.20) | $(0.49) | $(0.39) | $(0.38) | $(0.36) | $(0.32) |
From net realized gain | - | - | - | - | - | (0.01) |
Total distributions | $(0.20) | $(0.49) | $(0.39) | $(0.38) | $(0.36) | $(0.33) |
Net asset value - End of period | $17.80 | $16.33 | $16.07 | $16.23 | $14.13 | $11.95 |
Total Return(2) | 10.30%(3) | 4.81% | 1.45% | 17.74% | 22.15% | (4.76)% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000's omitted) | $5,094 | $4,273 | $3,998 | $2,943 | $3,140 | $3,612 |
Ratios (as a percentage of average daily net assets):(4) | ||||||
Total expenses | 1.19%(5)(6) | 0.82%(6) | 0.76% | 0.89% | 0.99% | 0.82% |
Net expenses | 0.66%(5)(6)(7) | 0.69%(6)(7) | 0.65%(7) | 0.65% | 0.65% | 0.65% |
Net investment income | 2.52%(5) | 2.78% | 2.71% | 2.39% | 2.92% | 2.78% |
Portfolio Turnover | 30%(3) | 52% | 38% | 45% | 61% | 51% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges. |
(3) | Not annualized. |
(4) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and administrator and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(5) | Annualized. |
(6) | Includes interest expense of 0.01% and 0.04% for the six months ended August 31, 2024 and the year ended February 29, 2024, respectively. |
(7) | Includes a reduction by the investment adviser and administrator of a portion of its adviser and administration fee due to the Fund's investment in the Liquidity Fund (equal to less than 0.005% of average daily net assets for the six months ended August 31, 2024 and the years ended February 29, 2024 and February 28, 2023). |
Class I | ||||||
Six Months Ended August 31, 2024 (Unaudited) |
Year Ended February 29, 2024 |
Year Ended February 28, |
Year Ended February 29, 2020 |
|||
2023 | 2022 | 2021 | ||||
Net asset value - Beginning of period | $16.37 | $16.11 | $16.26 | $14.15 | $11.97 | $12.89 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $0.24 | $0.47 | $0.49 | $0.42 | $0.38 | $0.40 |
Net realized and unrealized gain (loss) | 1.44 | 0.32 | (0.23) | 2.11 | 2.20 | (0.95) |
Total income (loss) from operations | $1.68 | $0.79 | $0.26 | $2.53 | $2.58 | $(0.55) |
Less Distributions | ||||||
From net investment income | $(0.22) | $(0.53) | $(0.41) | $(0.42) | $(0.40) | $(0.36) |
From net realized gain | - | - | - | - | - | (0.01) |
Total distributions | $(0.22) | $(0.53) | $(0.41) | $(0.42) | $(0.40) | $(0.37) |
Net asset value - End of period | $17.83 | $16.37 | $16.11 | $16.26 | $14.15 | $11.97 |
Total Return(2) | 10.35%(3) | 5.06% | 1.68% | 18.09% | 22.47% | (4.50)% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000's omitted) | $22,637 | $29,060 | $121,024 | $35,539 | $31,094 | $43,096 |
Ratios (as a percentage of average daily net assets):(4) | ||||||
Total expenses | 0.94%(5)(6) | 0.57%(6) | 0.51% | 0.64% | 0.74% | 0.57% |
Net expenses | 0.41%(5)(6)(7) | 0.44%(6)(7) | 0.40%(7) | 0.40% | 0.40% | 0.40% |
Net investment income | 2.78%(5) | 2.99% | 3.04% | 2.66% | 3.19% | 3.01% |
Portfolio Turnover | 30%(3) | 52% | 38% | 45% | 61% | 51% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested. |
(3) | Not annualized. |
(4) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and administrator and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(5) | Annualized. |
(6) | Includes interest expense of 0.01% and 0.04% for the six months ended August 31, 2024 and the year ended February 29, 2024, respectively. |
(7) | Includes a reduction by the investment adviser and administrator of a portion of its adviser and administration fee due to the Fund's investment in the Liquidity Fund (equal to less than 0.005% of average daily net assets for the six months ended August 31, 2024 and the years ended February 29, 2024 and February 28, 2023). |
Aggregate cost | $23,096,982 |
Gross unrealized appreciation | $5,024,227 |
Gross unrealized depreciation | (386,743) |
Net unrealized appreciation | $4,637,484 |
Average Daily Net Assets | Annual Fee Rate |
Up to $1 billion | 0.3000% |
$1 billion but less than $2.5 billion | 0.2875% |
$2.5 billion but less than $5 billion | 0.2750% |
$5 billion and over | 0.2675% |
Six Months Ended August 31, 2024 (Unaudited) |
Year Ended February 29, 2024 |
||||
Shares | Amount | Shares | Amount | ||
Class A | |||||
Sales | 54,353 | $ 917,618 | 115,897 | $ 1,823,910 | |
Issued to shareholders electing to receive payments of distributions in Fund shares | 3,083 | 51,240 | 7,459 | 117,821 | |
Redemptions | (32,879) | (555,321) | (110,458) | (1,751,848) | |
Net increase | 24,557 | $ 413,537 | 12,898 | $ 189,883 |
Six Months Ended August 31, 2024 (Unaudited) |
Year Ended February 29, 2024 |
||||
Shares | Amount | Shares | Amount | ||
Class I | |||||
Sales | 65,759 | $1,099,672 | 1,452,189 | $ 22,908,330 | |
Issued to shareholders electing to receive payments of distributions in Fund shares | 9,659 | 160,825 | 56,601 | 889,584 | |
Redemptions | (581,466) | (9,778,101) | (7,245,733) | (114,653,846) | |
Net decrease | (506,048) | $(8,517,604) | (5,736,943) | $(90,855,932) |
Remaining Contractual Maturity of the Transactions | |||||
Overnight and Continuous |
<30 days | 30 to 90 days | >90 days | Total | |
Common Stocks | $254 | $ - | $ - | $ - | $254 |
Name |
Value, beginning of period |
Purchases |
Sales proceeds |
Net realized gain (loss) |
Change in unrealized appreciation (depreciation) |
Value, end of period |
Dividend income |
Shares, end of period |
Short-Term Investments | ||||||||
Liquidity Fund | $3,877 | $3,804,253 | $(3,727,605) | $ - | $ - | $80,525 | $2,969 | 80,525 |
• | Level 1 - quoted prices in active markets for identical investments |
• | Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 - significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments) |
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $27,653,687* | $ - | $ - | $27,653,687 |
Short-Term Investments: | ||||
Affiliated Fund | 80,525 | - | - | 80,525 |
Securities Lending Collateral | 254 | - | - | 254 |
Total Investments | $ 27,734,466 | $ - | $ - | $27,734,466 |
* | The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments. |
Item 8. Changes in and Disagreements with Accountants for Open-EndManagement Investment Companies
Not applicable.
Item 9. Proxy Disclosures for Open-EndManagement Investment Companies
Not applicable.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-EndManagement Investment Companies
The information is disclosed as part of the Financial Statements included in Item 7 of this Form N-CSR.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract
The information is included in Item 7 of this Form N-CSR.
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-EndManagement Investment Companies
Not applicable.
Item 13. Portfolio Managers of Closed-EndManagement Investment Companies
Not applicable.
Item 14. Purchases of Equity Securities by Closed-EndManagement Investment Company and Affiliated Purchasers
Not applicable.
Item 15. Submission of Matters to a Vote of Security Holders
There have been no material changes to the procedures by which shareholders may recommend nominee to the Fund's Board of Trustees since the Fund last provided disclosure in response to this item.
Item 16. Controls and Procedures
(a) |
It is the conclusion of the registrant's principal executive officer and principal financial officer that the effectiveness of the registrant's current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission's rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant's principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure. |
(b) |
There have been no changes in the registrant's internal controls over financial reporting during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. |
Item 17. Disclosure of Securities Lending Activities for Closed-EndManagement Investment Companies
Not applicable.
Item 18. Recovery of Erroneously Awarded Compensation
Not applicable.
Item 19. Exhibits
(a)(1) | Registrant's Code of Ethics - Not applicable (please see Item 2). | |
(a)(2)(i) | Principal Financial Officer's Section 302 certification. | |
(a)(2)(ii) | Principal Executive Officer's Section 302 certification. | |
(b) | Combined Section 906 certification. |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Eaton Vance Mutual Funds Trust | ||
By: |
/s/ Kenneth A. Topping |
|
Kenneth A. Topping | ||
Principal Executive Officer |
Date: October 21, 2024
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: |
/s/ James F. Kirchner |
|
James F. Kirchner | ||
Principal Financial Officer |
Date: October 21, 2024
By: |
/s/ Kenneth A. Topping |
|
Kenneth A. Topping | ||
Principal Executive Officer |
Date: October 21, 2024