UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934 (Amendment No. )

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EATON VANCE GROUP OF FUNDS

Two International Place

Boston, Massachusetts 02110

August 8, 2018

Dear Shareholder:

We cordially invite you to attend a Special Joint Meeting of Shareholders (the “Meeting”) of the Eaton Vance Group of Funds (each, a “Fund” and collectively, the “Funds”) on September 20, 2018. There is only one item on the agenda for your Fund(s), but it is an important one – the election of Trustees/Directors. We ask you to read the enclosed information carefully and to submit your vote promptly.

In the proxy statement that follows this letter, the current Trustees/Directors are asking shareholders to elect three Trustees/Directors that have been appointed and are currently serving as Trustees/Directors but have not previously been elected by shareholders and two new Trustees/Directors that have been nominated for election. All five of the Trustees/Directors and Trustee/Director nominees are independent of Fund management. The current Trustees/Directors serve and the nominees will serve on the Boards of Trustees/Directors of multiple Eaton Vance Funds (the “Board”). If all the nominated Trustees/Directors are elected, more than three-quarters of each Board will continue to be composed of Trustees/Directors who are independent of Fund management.

The proxy statement that accompanies this letter relates to certain Funds in the Eaton Vance Group of Funds. Eaton Vance Tax-Managed Equity Asset Allocation Fund, Eaton Vance Floating-Rate & High Income Fund and Eaton Vance Balanced Fund are also issuing separate proxy solicitation materials relating to separate proposals, which will be included in a separate Special Joint Meeting of Shareholders to be held on September 20, 2018. Please note that we are required to provide you with one proxy card (or other means to vote) for each account that you own.

We realize that most of our shareholders will not be able to attend the Meeting and vote their shares in person. However, your Fund(s) do need your vote. You can vote by mail, telephone, or over the Internet, as explained in the enclosed material. If you later decide to attend the Meeting, you may revoke your proxy by a signed writing filed with the Fund’s Secretary, by executing and delivering a later dated proxy, or by attending the Meeting and voting the shares in person. By voting promptly, you can help your Fund(s) avoid the expense of additional mailings.

If you would like additional information concerning the election of Trustees/Directors, please call one of our service representatives at 1-800-262-1122 Monday through Friday between 8:30 a.m. and 5:30 p.m. (Eastern Time). Your participation in this vote is extremely important.

Sincerely,

/s/ Thomas E. Faust Jr.

President and Chief Executive Officer

Eaton Vance Management

YOUR VOTE IS IMPORTANT – PLEASE VOTE PROMPTLY.

SHAREHOLDERS ARE URGED TO SIGN AND MAIL THE ENCLOSED PROXY IN THE ENCLOSED POSTAGE PREPAID ENVELOPE OR VOTE BY TELEPHONE OR OVER THE INTERNET BY FOLLOWING THE ENCLOSED INSTRUCTIONS. YOUR VOTE IS IMPORTANT WHETHER YOU OWN A FEW SHARES OR MANY SHARES.

QUESTIONS AND ANSWERS

Q.       Why am I receiving this proxy statement?

A.       The Eaton Vance Group of Funds is holding a Special Joint Meeting of Shareholders on September 20, 2018 (the “Meeting”) to vote on a proposal to elect or approve the election of five Trustees/Directors to each fund’s Board of Trustees/Directors (“Board”). Eaton Vance Tax-Managed Equity Asset Allocation Fund, Eaton Vance Floating-Rate & High Income Fund and Eaton Vance Balanced Fund are also issuing separate proxy solicitation materials relating to separate proposals, which will be included in a separate Special Joint Meeting of Shareholders to be held on September 20, 2018.

Q. What am I being asked to vote “FOR” in the proxy statement?

A. You are being asked to:

1. Elect five Trustees/Directors;

2. Act upon any other matters as which may properly come before the Meeting and any adjourned or postponed session thereof.

Q.       Why am I being asked to elect Trustees/Directors to the Board at this time?

A.       It has been a number of years since a meeting of shareholders was held to elect Trustees/Directors, and changes since that time in the composition of the Board now necessitate a meeting to elect the nominees. Under the Investment Company Act of 1940 (the “1940 Act”), the Board may fill vacancies through appointment as long as, after the Board fills the vacancy, at least two-thirds of the Trustees/Directors were elected by shareholders.

Q.       Who are the Trustee/Director nominees?

A.       The nominees are Mark R. Fetting, Keith Quinton, Marcus L. Smith, Susan J. Sutherland and Scott E. Wennerholm. Messrs. Fetting and Wennerholm and Ms. Sutherland currently serve as Trustees/Directors of the funds having been previously appointed by the Board (including a majority of the noninterested Trustees/Directors). Messrs. Quinton and Smith have been nominated by the Board for election by shareholders of each fund based upon a recommendation of the Governance Committee of each fund. A description of each nominee’s prior experience is included in the proxy statement.

Q.       Are the Trustee/Director nominees noninterested persons of the funds?

A.       Yes. All five of the nominees are not “interested persons” of the funds or their investment adviser, as that term is defined in the 1940 Act. If all of the nominees are elected, eleven of the twelve Trustees would be noninterested.

Q.       How does the Board recommend that I vote?

A.       The Board unanimously recommends that shareholders vote “FOR” the proposal.

Q.       How can I vote?

A.       You can vote by mail, telephone, or over the Internet or in-person at the Meeting, as explained in the enclosed materials. By voting promptly, you can help your fund(s) avoid the expense of additional mailings.

EATON VANCE GROUP OF FUNDS

Two International Place

Boston, Massachusetts 02110

Notice of Special Joint Meeting of Shareholders

To Be Held September 20, 2018

Important Notice Regarding the Availability of Proxy Materials for the Special Joint Meeting of Shareholders to be Held on September 20, 2018: The Notice of Special Joint Meeting of Shareholders, Proxy Statement and Proxy Card are available online at http://funds.eatonvance.com/includes/loadDocument.php?fn=29782.pdf&dt=fundPDFs

A Special Joint Meeting of Shareholders (the “Meeting”) of each Eaton Vance Fund listed on the following pages (each, a “Fund” and collectively, the “Funds”) will be held at the principal office of the Funds, Two International Place, Boston, Massachusetts 02110, on September 20, 2018 at 11:00 a.m. (Eastern Time), for the following purposes:

The proposal to elect Trustees/Directors is discussed in greater detail in the following pages.

The Meeting is called pursuant to the By-Laws of each Fund. The Boards of Trustees/Directors of the Funds have fixed the close of business on July 17, 2018 as the record date for the determination of the shareholders of each Fund entitled to notice of and to vote at the Meeting and any adjournments or postponements thereof. The Proxy Statement and accompanying materials, or a Notice of Internet Availability of Proxy Materials, are being mailed to shareholders on or about August 8, 2018.

Eaton Vance VT Floating-Rate Income Fund (“VT Floating-Rate Income Fund”), a series of Eaton Vance Variable Trust, is available as a funding vehicle for various insurance company separate accounts. Individual contract owners are not shareholders of VT Floating-Rate Income Fund. Rather, the insurance companies and their separate accounts are the shareholders. Each insurance company will vote shares of the VT Floating-Rate Income Fund in accordance with voting instructions received from contract owners.

By Order of the Board of Trustees/Directors

/s/ Maureen A. Gemma

Secretary

August 8, 2018

Boston, Massachusetts

IMPORTANT

Shareholders can help the Board of Trustees/Directors of each Fund avoid the necessity and additional expense of further solicitations, which may be necessary to obtain a quorum, by promptly returning the enclosed proxy or voting by telephone or over the Internet. The enclosed addressed envelope requires no postage if mailed in the United States and is intended for your convenience.

Special Joint Meeting of Shareholders – September 20, 2018

EATON VANCE GROUP OF FUNDS

The funds in the Eaton Vance Group of Funds are part of various trusts (each, a “Trust” and collectively, the “Trusts”) and a corporation (the “Corporation”). The funds listed below are each a “Fund” and collectively, the “Funds.” Eaton Vance Tax-Managed Equity Asset Allocation Fund, Eaton Vance Floating-Rate & High Income Fund and Eaton Vance Balanced Fund are also issuing separate proxy solicitation materials relating to separate proposals, which will be included in a separate Special Joint Meeting of Shareholders to be held on September 20, 2018. Certain of the Funds are in a master-feeder structure and invest their assets in a corresponding portfolio (each, a “Portfolio” and collectively, the “Portfolios”). Other Funds may invest in multiple Portfolios or in Class I or Institutional Class Shares of another Fund or Funds. The list below includes each Fund and, where applicable, the Portfolio(s) or other Fund(s) in which it invested as of July 17, 2018.

Eaton Vance Group of Funds

Two International Place

Boston, Massachusetts 02110

PROXY STATEMENT

A proxy is enclosed with the foregoing Notice of a Special Joint Meeting (the “Meeting”) of the Funds to be held on September 20, 2018 at 11:00 a.m. (Eastern Time) at Two International Place, Boston, Massachusetts 02110 for the benefit of shareholders who wish to vote, but do not expect to be present at the Meeting. The Funds are series of various trusts (the “Trusts”) and a corporation (“Corporation”). All proxies are solicited on behalf of the Boards of Trustees/Directors of each Trust and Corporation of which the Funds are series (the “Board” or the “Trustees/Directors”). Eaton Vance Tax-Managed Equity Asset Allocation Fund, Eaton Vance Floating-Rate & High Income Fund and Eaton Vance Balanced Fund are also issuing separate proxy solicitation materials relating to separate proposals, which will be included in a separate Special Joint Meeting of Shareholders to be held on September 20, 2018. Each proxy will be voted in accordance with its instructions; if no instruction is given, an executed proxy will authorize the persons named as attorneys, or any of them, to vote in favor of each matter. A written proxy is revocable by the person giving it prior to exercise by a signed writing filed with the Funds’ proxy tabulator, Broadridge Financial Solutions, Inc., 51 Mercedes Way, Edgewood, NY 11717, or by executing and delivering a later dated proxy, or by attending the Meeting and voting the shares in person. Proxies voted by telephone or over the Internet may be revoked at any time in the same manner that proxies voted by mail may be revoked. If you attend the Meeting in person, please be prepared to present photo identification and proof of your share ownership. These proxy materials or a Notice of Internet Availability of Proxy Materials, as applicable, are initially being mailed to shareholders on or about August 8, 2018. Supplementary solicitations may be made by mail, telephone, facsimile or electronic means. By voting promptly, you can avoid additional solicitations by telephone or other means.

The Trustees/Directors have fixed the close of business on July 17, 2018 as the record date for the determination of the shareholders entitled to notice of and to vote at the Meeting and any adjournments or postponements thereof. Shareholders at the close of business on the record date will be entitled to one vote for each share held and fractional shares will be entitled to an equivalent fractional vote. The number of shares of beneficial interest of each Fund outstanding as of July 17, 2018 is set forth in Exhibit A.

The persons who held of record 5% or more of the outstanding shares of any class of shares of a Fund as of July 17, 2018 are set forth in Exhibit B. To the knowledge of the Fund, no other person owns (of record or beneficially) 5% or more of the outstanding shares of any class of shares of a Fund. The current Trustees/Directors, nominees for Trustee/Director, and officers of each Fund individually and as a group own beneficially less than 1% of the outstanding shares of any class of such Fund, except as disclosed in Exhibit B. Shareholders of all classes of shares of all Funds of each Trust/Corporation will vote jointly on the proposal. The Board of each Trust and the Corporation shall be elected by a plurality of the shares of the entire Trust/Corporation voted in person or by proxy. Election of Trustees/Directors is non-cumulative.

The Trustees/Directors know of no business that will be presented for consideration other than the business described in Proposal 1 in the Notice of Meeting. If any other matters are properly presented, it is the intention of the persons named as attorneys in the enclosed proxy to vote the proxies in accordance with their judgment on such matters.

Each Fund has previously sent its Annual Report and Semiannual Report to its shareholders, if the Fund has completed such fiscal period(s). Each Fund will furnish without charge a copy of the Fund’s most recent Annual Report and the most recent Semiannual Report to any shareholder upon request. Shareholders desiring to obtain a copy of such reports should: (i) access them on Eaton Vance’s

website at www.eatonvance.com; (ii) write to the Fund c/o Eaton Vance Management, Two International Place, Boston, MA 02110, Attn: Proxy Coordinator, Mutual Fund Operations; or (iii) call 1-800-262-1122 Monday through Friday between 8:30 a.m. – 5:30 p.m. (Eastern Time).

PROPOSAL 1. ELECTION OF TRUSTEES/DIRECTORS

The Boards of Trustees/Directors of the Trusts/Corporation are proposing that the persons identified below under “Nominees for Trustee/Director” be elected as Trustees/Directors of each Trust/Corporation. Each nominee, with the exception of Keith Quinton and Marcus L. Smith, is currently serving as a Trustee/Director for multiple funds in the Eaton Vance Group of Funds. It has been several years since a meeting of shareholders was held to elect Trustees/Directors, and changes since that time in the composition of the Board now necessitate a meeting to elect the nominees. Under the Investment Company Act of 1940, as amended (the “1940 Act”), the Board may fill vacancies through appointment as long as, after the Board fills the vacancy, at least two-thirds of the Trustees/Directors were elected by shareholders.

Each nominee for Trustee/Director of a Fund is also nominated to serve as Trustee of the Fund’s corresponding Portfolio or Portfolios, as applicable. For those Funds that invest in one or more Portfolios or Funds, each such Fund will vote its interest in its corresponding Portfolio or Fund for or against a Trustee/Director nominee in the same proportion as the votes received from the Fund’s shareholders.

Nominations for Election as Noninterested Trustees/Directors

Mark R. Fetting, Susan J. Sutherland and Scott E. Wennerholm currently serve as Trustees/Directors of each Trust/Corporation and Portfolio having been appointed by the Board (including a majority of the noninterested Trustees/Directors), in 2016, 2015 and 2016, respectively. Keith Quinton and Marcus L. Smith have been nominated by the Board for election by shareholders of each Trust/Corporation and Portfolio based upon a recommendation of the Governance Committee of each Trust/Corporation and Portfolio.

Each nominee for election as a Trustee/Director, as well as the other current Trustees/Directors, and their principal occupations for at least the last five years are set forth in the tables below. The Trustees/Directors listed under “Other Current Trustees/Directors” have previously been elected by shareholders and shareholders are not being asked to reelect such Trustees/Directors at this Meeting. Unless otherwise indicated, the position listed under “Position(s) Held with the Fund and/or Portfolio” are held with all Trusts/Corporation and Portfolios. Each Trustee/Director holds office during the lifetime of each Trust/Corporation and Portfolio unless terminated in the event of the declination, death, resignation, retirement, removal, adjudicated incompetence, or other incapacity to perform the duties of the office, or removal, of a Trustee/Director. Information about the officers of each Trust, the Corporation and each Portfolio appears in Exhibits C and D.

Interested Trustee/Director

Thomas E. Faust Jr. is an “interested person” as defined in the 1940 Act by reason of his affiliations with certain of the Funds, Eaton Vance Management (“EVM” or “Eaton Vance”), Boston Management and Research (“BMR”), and Eaton Vance Distributors, Inc. (“EVD”). Eaton Vance, Inc. (“EV”) serves as the Trustee of EVM and BMR. EV, EVM and EVD are wholly-owned subsidiaries of Eaton Vance Corp. (“EVC”), a publicly-held holding company. BMR is an indirect subsidiary of EVC. (EVM, EVD, EVC, BMR and their affiliates are sometimes referred to collectively as the “Eaton Vance Organization.”)

⁽³⁾       Includes both master and feeder funds in master-feeder structure.

For the dollar range of equity securities beneficially owned by each Trustee/Director and nominee in each Fund and in all Eaton Vance Funds overseen by the Trustees/Directors as of May 31, 2018, see Exhibit E.

Unless authority to vote for election of one or more of the nominees is specifically withheld by executing the proxy in the manner stated thereon, it is the present intention that the enclosed proxy will be used for the purpose of voting in favor of the election of all nominees as Trustees/Directors as described above to hold office in accordance with the By-Laws. Each Trustee/Director nominee has consented to stand for election and to serve as a Trustee/Director if elected. Messrs. Quinton and Smith would commence service as Trustees/Directors as soon as reasonably practicable upon being elected by the shareholders of each Trust/Corporation and Portfolio. If any nominee should be unable to serve, an event not now anticipated, the discretionary power given in the proxy may be used to vote for a substitute nominee as designated by the Board to replace such person (unless authority to vote for election of all nominees is specifically withheld by executing the proxy in the manner stated thereon).

Board Meetings and Committees

The Board has general oversight responsibility with respect to the business and affairs of each Trust/Corporation and each Fund. The Board has engaged an investment adviser and (if applicable) a sub-adviser (collectively the “adviser”) to manage each Fund and an administrator to administer each Fund and is responsible for overseeing such adviser and administrator and other service providers to each Trust/Corporation and each Fund. The Board is currently composed of ten Trustees/Directors, including nine Trustees/Directors who are not “interested persons” of a Fund, as that term is defined in the 1940 Act (each a “noninterested Trustee/Director”). If the two additional Trustees/Directors who have been nominated to serve as Trustee/Director are elected by shareholders the Board will consist of twelve Trustees/Directors, including eleven Trustees/Directors who are noninterested Trustees/Directors. As noted above, Ms. Taggart has apprised the Board that she intends to retire as a Trustee/Director of all Eaton Vance Funds and Portfolios effective December 31, 2018. Following her retirement, if the two additional Trustee/Director nominees are elected by shareholders and assuming no other changes in Board composition, the Board will consist of eleven Trustees/Directors, including ten Trustees/Directors who are noninterested Trustees/Directors. In addition to six regularly scheduled meetings per year, the Board holds special meetings or informal conference calls to discuss specific matters that may require action prior to the next regular meeting. As discussed below, the Board has established five committees (each, a “Committee” and collectively, the “Committees”) to assist the Board in performing its oversight responsibilities.

The Board has appointed a noninterested Trustee/Director to serve in the role of Chairperson. The Chairperson’s primary role is to participate in the preparation of the agenda for meetings of the Board and the identification of information to be presented to the Board with respect to matters to be acted upon by the Board. The Chairperson also presides at all meetings of the Board and acts as a liaison with service providers, officers, attorneys, and other Board members generally between meetings. The Chairperson may perform such other functions as may be requested by the Board from time to time. In addition, the Board may appoint a noninterested Trustee/Director to serve in the role of Vice-Chairperson. The Vice-Chairperson has the power and authority to perform any or all of the duties and responsibilities of the Chairperson in the absence of the Chairperson and/or as requested by the Chairperson. Except for any duties specified herein or pursuant to each Trust’s Declaration of Trust or

By-Laws or the Corporation’s Articles of Incorporation or By-laws, the designation of Chairperson or Vice-Chairperson does not impose on such noninterested Trustee/Director any duties, obligations or liability that is greater than the duties, obligations or liability imposed on such person as a member of the Board, generally. Each Portfolio has the same leadership structure as each Trust/Corporation.

Each Fund and each Trust/Corporation are subject to a number of risks, including, among others, investment, compliance, operational, and valuation risks. Risk oversight is part of the Board’s general oversight of each Fund and each Trust/Corporation and is addressed as part of various activities of the Board and its Committees. As part of its oversight of each Fund and each Trust/ Corporation, the Board directly, or through a Committee, relies on and reviews reports from, among others, Fund management, the adviser, the administrator, the principal underwriter, the Chief Compliance Officer (the “CCO”), and other Fund service providers responsible for day-to-day oversight of Fund investments, operations and compliance to assist the Board in identifying and understanding the nature and extent of risks and determining whether, and to what extent, such risks can or should be mitigated. The Board also interacts with the CCO and with senior personnel of the adviser, administrator, principal underwriter and other Fund service providers and provides input on risk management issues during meetings of the Board and its Committees. Each of the adviser, administrator, principal underwriter and the other Fund service providers has its own, independent interest and responsibilities in risk management, and its policies and methods for carrying out risk management functions will depend, in part, on its individual priorities, resources and controls. It is not possible to identify all of the risks that may affect a Fund or to develop processes and controls to eliminate or mitigate their occurrence or effects. Moreover, it is necessary to bear certain risks (such as investment-related risks) to achieve each Fund’s goals. The Board, with the assistance of management and with input from the Board's various committees, reviews investment policies and risks in connection with its review of Fund performance. The Board has appointed a Fund CCO who oversees the implementation and testing of the Fund compliance program and reports to the Board regarding compliance matters for the Funds and their principal service providers. In addition, as part of the Board’s periodic review of the advisory, subadvisory (if applicable), distribution and other service provider agreements, the Board may consider risk management aspects of their operations and the functions for which they are responsible. With respect to valuation, the Board approves and periodically reviews valuation policies and procedures applicable to valuing each Fund’s shares. The administrator, the investment adviser and the sub-adviser (if applicable) are responsible for the implementation and day-to-day administration of these valuation policies and procedures and provide reports to the Audit Committee of the Board and the Board regarding these and related matters. In addition, the Audit Committee of the Board or the Board receives reports periodically from the independent public accounting firm for each Fund regarding tests performed by such firm on the valuation of all securities, as well as with respect to other risks associated with mutual funds. Reports received from service providers, legal counsel and the independent public accounting firm assist the Board in performing its oversight function. Each Portfolio has the same risk oversight approach as the Funds and each Trust/Corporation.

Each Trust’s Declaration of Trust and the Corporation’s Articles of Incorporation does not set forth any specific qualifications to serve as a Trustee/Director. The Charter of the Governance Committee also does not set forth any specific qualifications, but does set forth certain factors that the Committee may take into account in considering noninterested Trustee/Director candidates. In general, no one factor is decisive in the selection of an individual to join the Board. Among the factors the Board considers when concluding that an individual should serve on the Board are the following: (i) knowledge in matters relating to the mutual fund industry; (ii) experience as a director or senior officer of public companies; (iii) educational background; (iv) reputation for high ethical standards and professional integrity; (v) specific financial, technical or other expertise, and the extent to which such expertise would complement the Board members’ existing mix of skills, core competencies and qualifications; (vi) perceived ability to contribute to the ongoing functions of the Board, including the ability and commitment to attend meetings regularly and work collaboratively with other members of the Board;

(vii) the ability to qualify as a noninterested Trustee/Director for purposes of the 1940 Act and any other actual or potential conflicts of interest involving the individual and each Fund; and (viii) such other factors as the Board determines to be relevant in light of the existing composition of the Board.

Among the attributes or skills common to all Board members are their ability to review critically, evaluate, question and discuss information provided to them, to interact effectively with the other members of the Board, management, sub-advisers, other service providers, counsel and independent registered public accounting firms, and to exercise effective and independent business judgment in the performance of their duties as members of the Board. Each Board member’s ability to perform his or her duties effectively has been attained through the Board member’s business, consulting, public service and/or academic positions and through experience from service as a member of the Eaton Vance Fund Boards (and/or in other capacities, including for any predecessor funds), public companies, or non-profit entities or other organizations as set forth below. Each Board member’s ability to perform his or her duties effectively also has been enhanced by his or her educational background, professional training, and/or other life experiences.

In respect of each current member of the Board, the individual’s substantial professional accomplishments and experience, including in fields related to the operations of registered investment companies, were a significant factor in the determination that the individual should serve as a member of the Board. The following is a summary of each Board member’s particular professional experience and additional considerations that contributed to the Board’s conclusion that he or she should serve as a member of the Board:

Thomas E. Faust Jr. Mr. Faust has served as a member of the Eaton Vance Fund Boards since 2007. He is currently Chairman, Chief Executive Officer and President of EVC, Director and President of EV, Chief Executive Officer and President of Eaton Vance and BMR, and Director of EVD. Mr. Faust has served as a Director of Hexavest Inc. since 2012 and of SigFig Wealth Management LLC since 2016. Mr. Faust previously served as an equity analyst, portfolio manager, Director of Equity Research and Management and Chief Investment Officer of Eaton Vance (1985-2007). He holds B.S. degrees in Mechanical Engineering and Economics from the Massachusetts Institute of Technology and an MBA from Harvard Business School. Mr. Faust has been a Chartered Financial Analyst since 1988.

Mark R. Fetting. Mr. Fetting has served as a member of the Eaton Vance Fund Boards since 2016. He has over 30 years of experience in the investment management industry as an executive and in various leadership roles. From 2000 through 2012, Mr. Fetting served in several capacities at Legg Mason, Inc., including most recently serving as President, Chief Executive Officer, Director and Chairman from 2008 to his retirement in 2012. He also served as a Director/Trustee and Chairman of the Legg Mason family of funds (2008-2012) and Director/Trustee of the Royce family of funds (2001-2012). From 2001 through 2008, Mr. Fetting also served as President of the Legg Mason family of funds. From 1991 through 2000, Mr. Fetting served as Division President and Senior Officer of Prudential Financial Group, Inc. and related companies. Early in his professional career, Mr. Fetting was a Vice President at T. Rowe Price and served in leadership roles within the firm’s mutual fund division from 1981 through 1987.

Cynthia E. Frost. Ms. Frost has served as a member of the Eaton Vance Fund Boards since 2014 and is the Chairperson of the Portfolio Management Committee. From 2000 through 2012, Ms. Frost was the Chief Investment Officer of Brown University, where she oversaw the evaluation, selection and monitoring of the third party investment managers who managed the university’s endowment. From 1995-2000, Ms. Frost was a Portfolio Strategist for Duke Management Company, which oversaw Duke University’s endowment. Ms. Frost also served in various investment and consulting roles at Cambridge Associates (1989-1995), Bain and Company (1987-1989) and BA Investment Management Company (1983-1985). She serves as a member of an advisory board of Creciente Partners Investment Management, LLC, a manager of a hedge fund of funds, and has additional experience as a member of the investment committee of several non-profit organizations.

George J. Gorman. Mr. Gorman has served as a member of the Eaton Vance Fund Boards since 2014 and is the Chairperson of the Audit Committee. From 1974 through 2009, Mr. Gorman served in various capacities at Ernst & Young LLP, including as a Senior Partner in the Asset Management Group (from 1988) specializing in managing engagement teams responsible for auditing mutual funds registered with the U.S. Securities Exchange & Commission (the “SEC”), hedge funds and private equity funds. Mr. Gorman also has experience serving as an independent trustee of other mutual fund complexes, including the BofA Funds Series Trust (2011-2014) and the Ashmore Funds (2010-2014).

Valerie A. Mosley. Ms. Mosley has served as a member of the Eaton Vance Fund Boards since 2014 and is the Chairperson of the Governance Committee. She currently owns and manages a consulting and investment firm, Valmo Ventures and is a Director of Progress Investment Management Company, a manager of emerging managers. From 1992 through 2012, Ms. Mosley served in several capacities at Wellington Management Company, LLP, an investment management firm, including as a Partner, Senior Vice President, Portfolio Manager and Investment Strategist. Ms. Mosley also served as Chief Investment Officer at PG Corbin Asset Management from 1990-1992 and worked in institutional corporate bond sales at Kidder Peabody from 1986-1990. Ms. Mosley is a Director of Dynex Capital, Inc., a mortgage REIT, where she serves on the board’s audit and investment committees. She also serves as a trustee or board member of several major non-profit organizations and endowments, including New Profit, a non-profit venture philanthropy fund. She is a member of the Risk Audit Committee of the United Auto Workers Retiree Medical Benefits Trust and a member of the Investment Advisory Committee of New York State Common Retirement Fund. She is also an advisor to New Technology Ventures, a venture capital firm.

William H. Park. Mr. Park has served as a member of the Eaton Vance Fund Boards since 2003 and is the Independent Chairperson of the Board. Mr. Park was formerly a consultant from 2012-2014 and formerly the Chief Financial Officer of Aveon Group, L.P. from 2010-2011. Mr. Park also served as Vice Chairman of Commercial Industrial Finance Corp. from 2006-2010, as President and Chief Executive Officer of Prizm Capital Management, LLC from 2002-2005, as Executive Vice President and Chief Financial Officer of United Asset Management Corporation from 1982-2001 and as Senior Manager of Price Waterhouse (now PricewaterhouseCoopers) from 1972-1981.

Helen Frame Peters. Dr. Peters has served as a member of the Eaton Vance Fund Boards since 2008. Dr. Peters is currently a Professor of Finance at Carroll School of Management, Boston College and was formerly Dean of Carroll School of Management from 2000-2002. Dr. Peters was previously a Director of BJ’s Wholesale Club, Inc. from 2004-2011. In addition, Dr. Peters was the Chief Investment Officer, Fixed Income at Scudder Kemper Investments from 1998-1999 and Chief Investment Officer, Equity and Fixed Income at Colonial Management Associates from 1991-1998. Dr. Peters also served as a Trustee of SPDR Index Shares Funds and SPDR Series Trust from 2000-2009 and as a Director of the Federal Home Loan Bank of Boston from 2007-2009.

Keith Quinton. Mr. Quinton had over thirty years of experience in the investment industry before retiring from Fidelity Investments in 2014. Prior to joining Fidelity, Mr. Quinton was a vice president and quantitative analyst at MFS Investment Management from 2000 to 2001. From 1997 to 2000, he was a senior quantitative analyst at Santander Global Advisors and, from 1995 to 1997, Mr. Quinton was senior vice president in the quantitative equity research department at Putnam Investments. Prior to joining Putnam Investments, Mr. Quinton served in various investment roles at Eberstadt Fleming, Falconwood Securities Corporation and Burnham Lambert, where he began his career in the investment industry as a senior quantitative analyst in 1983. Mr. Quinton currently serves as an Independent Investment Committee Member of the New Hampshire Retirement System, a five member committee that manages investments based on the investment policy and asset allocation approved by the board of trustees, and as a Director of the New Hampshire Municipal Bond Bank.

Marcus L. Smith. Since 2017, Mr. Smith has been a Director of MSCI Inc., a leading provider of investment decision support tools worldwide, where he serves on the Audit Committee, and a Director

of DCT Industrial Trust Inc., a leading logistics real estate company, where he is a member of the Nominating and Corporate Governance and Audit Committees. From 1994 through 2017, Mr. Smith served in several capacities at MFS Investment Management, an investment management firm, where he managed the MFS Institutional International Fund for 17 years and the MFS Concentrated International Fund for 10 years. In addition to his portfolio management duties, Mr. Smith served as Director of Equity, Canada from 2012 to 2017, Director of Equity, Asia from 2010 -2012, and Director of Asian Equity Research 2005 to 2010. Prior to joining MFS, Mr. Smith was a senior consultant at Andersen Consulting (now known as Accenture) from 1988 through 1992. Mr. Smith served as a United States Army Reserve Officer from 1987-1992. He has also been a trustee of the University of Mount Union since 2008 and has served as the chairman of the finance committee since 2015. Mr. Smith currently sits on the Boston advisory board of the Posse Foundation.

Susan J. Sutherland. Ms. Sutherland has served as a member of the Eaton Vance Fund Boards since 2015 and is the Chairperson of the Compliance Reports and Regulatory Matters Committee. She is also a Director of Ascot Group Limited which, through its related businesses including Syndicate 1414 at Lloyd’s of London, is a leading global underwriter of specialty property and casualty insurance and reinsurance. Ms. Sutherland was a Director of Montpelier Re Holdings Ltd., a global provider of customized reinsurance and insurance products, from 2013 until its sale in 2015 and of Hagerty Holding Corp., a leading provider of specialized automobile and marine insurance from 2015 to 2018. From 1982 through 2013, Ms. Sutherland was an associate, counsel and then a partner in the Financial Institutions Group of Skadden, Arps, Slate, Meagher & Flom LLP, where she primarily represented U.S. and international insurance and reinsurance companies, investment banks and private equity firms in insurance-related corporate transactions. In addition, Ms. Sutherland is qualified as a Governance Fellow of the National Association of Corporate Directors and has also served as a board member of prominent non-profit organizations.

Harriett Tee Taggart. Ms. Taggart has served as a member of the Eaton Vance Fund Boards since 2011. Ms. Taggart currently manages a professional practice, Taggart Associates. Since 2007, Ms. Taggart has been a Director of Albemarle Corporation, a specialty chemical company where she serves as a member of the Executive Compensation Committee. Since 2009 she has served as a Director of the Hanover Insurance Group, Inc. where she serves as Chair of the Nomination and Governance Committee. Ms. Taggart is also a trustee or member of several major non-profit boards, advisory committees and endowment investment companies. From 1983 through 2006, Ms. Taggart served in several capacities at Wellington Management Company, LLP, an investment management firm, including as a Partner, Senior Vice President and chemical industry sector portfolio manager. Ms. Taggart also served as a Director of the Lubrizol Corporation, a specialty chemicals manufacturer from 2007-2011.

Scott E. Wennerholm. Mr. Wennerholm has served as a member of the Eaton Vance Fund Boards since 2016 and is the Chairperson of the Contract Review Committee. He has over 30 years of experience in the financial services industry in various leadership and executive roles. Mr. Wennerholm served as Chief Operating Officer and Executive Vice President at BNY Mellon Asset Management from 2005-2011. He also served as Chief Operating Officer and Chief Financial Officer at Natixis Global Asset Management from 1997-2004 and was a Vice President at Fidelity Investments Institutional Services from 1994-1997. In addition, Mr. Wennerholm served as a Trustee at Wheelock College, a postsecondary institution (2012-2018).

During the calendar year ended December 31, 2017, the Board met eight times. The Board of each Trust/Corporation has several standing Committees, including the Governance Committee, the Audit Committee, the Portfolio Management Committee, the Compliance Reports and Regulatory Matters Committee and the Contract Review Committee. During the calendar year ended December 31, 2017, the Audit Committee met thirteen times, the Contract Review Committee met seven times, the Governance Committee met six times, the Portfolio Management Committee met eight times and the

Compliance Reports and Regulatory Matters Committee met ten times. Each of the Committees is comprised of only noninterested Trustees/Directors. Each Trustee/Director currently serving on the Boards listed above attended at least 75% of such Board and Committee meetings on which he or she serves. The Portfolios have the same Trustee/Director committee and compensation structure and committee composition as the Funds.

Mmes. Mosley (Chairperson), Frost, Peters, Sutherland and Taggart, and Messrs. Fetting, Gorman, Park and Wennerholm are members of the Governance Committee. The purpose of the Governance Committee is to consider, evaluate and make recommendations to the Board with respect to the structure, membership and operation of the Board and the Committees thereof, including the nomination and selection of noninterested Trustees/Directors and a Chairperson of the Board and the compensation of such persons.

The Governance Committee will, when a vacancy exists, consider a nominee for Trustee/Director recommended by a shareholder, provided that such recommendation is submitted in writing to a Trust’s/the Corporation’s Secretary at the principal executive office of the Trust/Corporation. Such recommendations must be accompanied by biographical and occupational data on the candidate (including whether the candidate would be an “interested person” of a Trust/Corporation), a written consent by the candidate to be named as a nominee and to serve as Trustee/Director if elected, record and ownership information for the recommending shareholder with respect to each Trust/Corporation, and a description of any arrangements or understandings regarding recommendation of the candidate for consideration. Each Fund’s Board of Trustees/Directors has adopted a written charter for its Governance Committee, a copy of which is available on the Eaton Vance website, www.eatonvance.com, by selecting “Financial Advisors and Individual Investors” followed by “Tools & Resources” and then “Fund Corporate Governance.”

Messrs. Gorman (Chairperson), Park and Wennerholm and Ms. Mosley are members of the Audit Committee. The Board has designated Messrs. Gorman and Park, each a noninterested Trustee/Director, as audit committee financial experts. The Audit Committee’s purposes are to (i) oversee each Fund's accounting and financial reporting processes, its internal control over financial reporting, and, as appropriate, the internal control over financial reporting of certain service providers; (ii) oversee or, as appropriate, assist Board oversight of the quality and integrity of each Fund's financial statements and the independent audit thereof; (iii) oversee, or, as appropriate, assist Board oversight of, each Fund's compliance with legal and regulatory requirements that relate to each Fund's accounting and financial reporting, internal control over financial reporting and independent audits; (iv) approve prior to appointment the engagement and, when appropriate, replacement of the independent registered public accounting firm, and, if applicable, nominate the independent registered public accounting firm to be proposed for shareholder ratification in any proxy statement of a Fund; (v) evaluate the qualifications, independence and performance of the independent registered public accounting firm and the audit partner in charge of leading the audit; and (vi) prepare, as necessary, audit committee reports consistent with the requirements of applicable SEC and stock exchange rules for inclusion in the proxy statement of a Fund. Each Trust’s, the Corporation’s and each Portfolio’s Board of Trustees/Directors has adopted a written charter for its Audit Committee. The written charter is available on the Eaton Vance website, www.eatonvance.com, by selecting “Financial Advisors and Individual Investors” followed by “Tools & Resources” and then “Fund Corporate Governance.”

Messrs. Wennerholm (Chairperson), Fetting, Gorman and Park, and Mmes. Frost, Mosley, Peters, Sutherland and Taggart are members of the Contract Review Committee. The purposes of the Contract Review Committee are to consider, evaluate and make recommendations to the Board concerning the following matters: (i) contractual arrangements with each service provider to the Funds, including advisory, sub-advisory, transfer agency, custodial and fund accounting, distribution services and administrative services; (ii) any and all other matters in which any service provider (including Eaton Vance or any affiliated entity thereof) has an actual or potential conflict of interest with the interests of

the Funds or investors therein; and (iii) any other matter appropriate for review by the noninterested Trustees/Directors, unless the matter is within the responsibilities of the other Committees of the Board.

Mmes. Frost (Chairperson), Mosley and Peters and Mr. Fetting are members of the Portfolio Management Committee. The purposes of the Portfolio Management Committee are to: (i) assist the Board in its oversight of the portfolio management process employed by the Funds and their investment adviser and sub-adviser(s), if applicable, relative to the Funds’ stated objective(s), strategies and restrictions; (ii) assist the Board in its oversight of the trading policies and procedures and risk management techniques applicable to the Funds; and (iii) assist the Board in its monitoring of the performance results of all Funds and Portfolios, giving special attention to the performance of certain Funds and Portfolios that it or the Board identifies from time to time.

Mmes. Sutherland (Chairperson) and Taggart and Messrs. Gorman and Wennerholm are members of the Compliance Reports and Regulatory Matters Committee. The purposes of the Compliance Reports and Regulatory Matters Committee are to: (i) assist the Board in its oversight role with respect to compliance issues and certain other regulatory matters affecting the Funds; (ii) serve as a liaison between the Board and the Funds’ CCO; and (iii) serve as a “qualified legal compliance committee” within the rules promulgated by the SEC.

Communication with the Board

Shareholders wishing to communicate with the Board may do so by sending a written communication to the Chairperson of the Board, the Chairperson of any of the Committees of the Board or to the Independent Trustees/Directors as a group, at the following address: Two International Place, Boston, MA 02110, c/o the Secretary of the applicable Fund.

Remuneration of Trustees/Directors

Trustees/Directors of each Trust/Corporation and Portfolio who are not affiliated with EVM or BMR may elect to defer receipt of all or a percentage of their annual fees in accordance with the terms of a Trustees/Directors Deferred Compensation Plan (the “Deferred Compensation Plan”). Under each Deferred Compensation Plan, an eligible Trustee/Director may elect to have his or her deferred fees invested in the shares of one or more funds in the Eaton Vance Group of Funds, and the amount paid to the Trustees/Directors under each Deferred Compensation Plan will be determined based upon the performance of such investments. Deferral of Trustees’/Directors’ fees in accordance with each Deferred Compensation Plan will have a negligible effect on a Fund’s or Portfolio’s assets, liabilities, and net income per share, and will not obligate a Trust/Corporation or Portfolio to retain the services of any Trustee/Director or obligate a Trust/Corporation or Portfolio to pay any particular level of compensation to the Trustee/Director. None of the Trusts, Corporation or Portfolios has a retirement plan for Trustees/Directors. The fees and expenses of those Trustees/Directors who are not members of the Eaton Vance Organization are paid by the Trusts/Corporation and Portfolios. Exhibit F sets forth (i) the compensation earned by the Trustees/Directors who are not members of the Eaton Vance Organization in their capacities as Trustees/Directors of each Trust, Corporation and Portfolio as of each Fund’s most recent fiscal year end, and (ii) the compensation earned in their capacities as Trustees/Directors of the registered investment companies advised, administered and/or distributed by Eaton Vance or its affiliates (the “Eaton Vance family of funds”) for the year ended December 31, 2017.

Election of Portfolio Trustees

As described above, each nominee for Trustee/Director of a Fund is also nominated to serve as Trustee of the Fund’s corresponding Portfolio or Portfolios. For those Funds in a “master-feeder structure” that invest in a single Portfolio, each such Fund will vote its interest in its corresponding Portfolio for or against a Portfolio Trustee nominee in the same proportion as the votes received from the Fund’s shareholders. For those Funds that invest in multiple Portfolios, each such Fund will vote its respective interests in its Portfolios for or against a Portfolio Trustee/Director nominee in the same proportion as

the votes received from the Fund’s shareholders. Each Portfolio’s Board shall be elected by a plurality (the greatest number of affirmative votes).

Voting at the Meeting

Unless authority to vote for election of one or more nominees is specifically withheld by executing the proxy in the manner stated thereon, it is the present intention that the enclosed proxy will be used for the purpose of authorizing each Fund to vote in favor of the election of the nominees set forth in Proposal 1 to be Trustees/Directors of the respective Trusts, Corporation and Portfolios, to hold office during the lifetime of each Trust/Corporation and Portfolios, unless terminated earlier as described above.

As of the record date, Eaton Vance and/or its affiliates own and/or have the power to vote (including where a Fund invests in Class I or Institutional Class Shares of another Fund or Funds) shares of certain Funds. Eaton Vance and its affiliates intend to vote such shares in the same proportion as those cast by other shareholders (unless otherwise required by the plan or agreement governing the shares), except in the case of Funds where Eaton Vance and/or its affiliates own 25% or more of the Fund’s outstanding shares as of the record date, as disclosed on Exhibit B. In the case of Funds where Eaton Vance and/or its affiliates own 25% or more of the Fund’s outstanding shares as of the record date, Eaton Vance and its affiliates intend to vote those shares in favor of Proposal 1 as they may already be deemed to control those Funds because of the size of their ownership interest. As disclosed on Exhibit B, in the case of certain Trusts, the favorable vote of Eaton Vance and/or its affiliates will be sufficient to result in the approval of Proposal 1.

Vote Required to Approve Proposal 1

Each Trust’s and the Corporation’s Board shall be elected by a plurality (the greatest number of affirmative votes) of the shares of all series thereof, voted in person or by proxy.

Under a plurality voting standard, the Trustee/Director nominee receiving the greatest number of affirmative votes will be elected for the seat for which he or she has been nominated. Because a single Trustee/Director nominee has been nominated for each seat and is unopposed, assuming the presence of a quorum, each Trustee/Director nominee is expected to be elected to each Board. The Board recommends that the shareholders of each Fund vote to elect each nominee of its respective Trust/Corporation as a Trustee/Director of the Trust/Corporation.

NOTICE TO BANKS AND BROKER/DEALERS

The Funds have previously solicited all Nominee and Broker/Dealer accounts as to the number of additional proxy statements or Notice of Internet Availability of Proxy Materials required to supply owners of shares. Should additional proxy materials be required for beneficial owners, please forward such requests to Eaton Vance Management, Two International Place, Boston, MA 02110, Attn: Proxy Coordinator.

ADDITIONAL INFORMATION

Auditors, Audit Fees and All Other Fees

Deloitte & Touche LLP (“Deloitte”), 200 Berkeley Street, Boston, MA 02116, serves as the independent registered public accounting firm of the Funds and Portfolios. Deloitte is expected to be represented at the Special Joint Meeting, but if not, a representative will be available by telephone should the need for consultation arise. Representatives of Deloitte will have the opportunity to make a statement if they desire to do so and will be available to respond to appropriate questions. A list of the Funds and the aggregate audit, audit-related, tax, and other fees billed for services rendered to each Fund by the Fund’s independent registered public accounting firm for the relevant periods are set forth on Exhibit G hereto. Aggregate non-audit fees (i.e., fees for audit-related, tax, and other services) billed for services rendered for the relevant periods to (i) each Fund by the Fund’s independent registered public accounting firm; and

(ii) the Eaton Vance Organization by each Fund’s independent registered public accounting firm are also set forth on Exhibit G hereto.

Each Fund’s Audit Committee has adopted policies and procedures relating to the pre-approval of services provided by the Fund’s independent registered public accounting firm (the “Pre-Approval Policies”). The Pre-Approval Policies establish a framework intended to assist the Audit Committee in the proper discharge of its pre-approval responsibilities. As a general matter, the Pre-Approval Policies (i) specify certain types of audit, audit-related, tax, and other services determined to be pre-approved by the Audit Committee; and (ii) delineate specific procedures governing the mechanics of the pre-approval process, including the approval and monitoring of audit and non-audit service fees. Unless a service is specifically pre-approved under the Pre-Approval Policies, it must be separately pre-approved by the Audit Committee. The Pre-Approval Policies and the types of audit and non-audit services pre-approved therein must be reviewed and ratified by each Fund’s Audit Committee at least annually. Each Fund’s Audit Committee maintains full responsibility for the appointment, compensation, and oversight of the work of each Fund’s independent registered public accounting firm.

Each Fund’s Audit Committee has considered whether the provision by the Fund’s principal accountant of non-audit services to the Fund’s investment adviser, as well as any of its affiliates that provide ongoing services to the Fund, that were not pre-approved pursuant to Rule 2-01(c)(7)(ii) of Regulation S-X is compatible with maintaining the independent registered public accounting firm’s independence.

Officers of the Funds and Portfolios

The officers of the Funds and Portfolios and length of service are set forth in Exhibits C and D. Because of their positions with Eaton Vance and their ownership of EVC stock, the officers of each Fund and each Portfolio will benefit from the advisory fees and/or administration fees paid by a Fund or Portfolio to Eaton Vance or BMR.

Investment Adviser, Administrator and Underwriter

Eaton Vance or BMR serves as investment adviser to each Fund and Portfolio in the Eaton Vance Group of Funds. In addition, where applicable, Eaton Vance serves as administrator and sub-transfer agent to the Funds. The following investment advisers serve as sub-adviser to the Funds noted:

• Atlanta Capital Management Company, LLC a majority owned subsidiary of EVC, serves as sub-adviser to Eaton Vance Atlanta Capital Focused Growth Fund, Eaton Vance Atlanta Capital Select Equity Fund and Eaton Vance Atlanta Capital SMID-Cap Fund.
• Eaton Vance Advisers International Ltd., a majority owned subsidiary of EVC, serve as sub-adviser to Eaton Vance Focused Global Opportunities Fund, Eaton Vance Focused International Opportunities Fund, Eaton Vance Global Income Builder Fund, Eaton Vance Global Small-Cap Equity Fund, Eaton Vance International Small-Cap Fund, Eaton Vance Tax-Managed Global Dividend Income Fund, Eaton Vance Worldwide Health Sciences Fund, Global Income Builder Portfolio and Worldwide Health Sciences Portfolio.
• BMO Global Asset Management (Asia) Limited, Suite 3808, One Exchange Square, Central, Hong Kong serves as sub-adviser to Eaton Vance Greater China Growth Fund.
• Goldman Sachs Asset Management, L.P., 200 West Street, New York, NY 10282 serves as sub-adviser to Eaton Vance Greater India Fund and Greater India Portfolio.
• Hexavest Inc., 1250 Rene-Levesque West, Suite 4200, Montreal, Province, Quebec, H3B 4W8, serves as sub-adviser to Eaton Vance Hexavest Global Equity Fund and Eaton Vance Hexavest International Equity Fund.
• Oaktree Capital Management, L.P., 333 South Grand Ave., Los Angeles, California 90731, serves as sub-adviser to Eaton Vance Oaktree Diversified Credit NextShares.

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• Parametric Portfolio Associates LLC, a majority owned subsidiary of EVC, serve as sub-adviser to certain Funds with “Parametric” in the name, as well as MSAR Completion Portfolio and Tax-Managed International Equity Portfolio.
• Richard Bernstein Advisors LLC, Tower 45, 120 West 45^th Street, 19^th Floor, New York, NY 10036, serves as sub-adviser to Eaton Vance Richard Bernstein All Asset Strategy Fund and Eaton Vance Richard Bernstein Equity Strategy Fund.

EVD acts as the principal underwriter for all Funds and as placement agent for all the Portfolios. The business address of Eaton Vance, BMR, EVAIL, EVD, Atlanta Capital Management Company, LLC and Parametric Portfolio Associates LLC is Two International Place, Boston, MA 02110.

Proxy Solicitation and Tabulation

The expense of preparing, printing and mailing this proxy statement and enclosures and the costs of soliciting proxies on behalf of each Trust’s and the Corporation’s Board will be paid by the Funds (except as noted below). Proxies will be solicited by mail and may be solicited in person or by telephone, telegraph, facsimile or other electronic means by officers of the Trust/Corporation, by personnel of Eaton Vance, by the Funds’ transfer agent, BNY Mellon Asset Servicing (“BNY”) (or State Street Bank and Trust Company (“State Street”) in the case of Eaton Vance Variable Trust), by broker-dealer firms or by a professional solicitation organization. The Funds have retained Broadridge Financial Solutions, Inc. to assist in the solicitation of proxies, for which the Funds will pay an estimated fee of approximately $10,000, including out-of-pocket expenses, to be allocated to the Fund(s) for which the solicitation efforts were made. Estimated costs assume a moderate level of solicitation activity. If a greater solicitation effort is required, the solicitation costs would be higher. The expenses connected with the solicitation of these proxies and with any further proxies which may be solicited by a Fund’s officers, by Eaton Vance personnel, by the transfer agent, BNY (or State Street in the case of Eaton Vance Variable Trust), by broker-dealer firms or by Broadridge Financial Solutions, Inc., in person, or by telephone, by telegraph, by facsimile or other electronic means will be borne by the Funds. A written proxy may be delivered to a Fund or its transfer agent prior to the Meeting by facsimile machine, graphic communication equipment or other electronic transmission. A Fund will reimburse banks, broker-dealer firms, and other persons holding shares registered in their names or in the names of their nominees, for their expenses incurred in sending proxy material to and obtaining proxies from the beneficial owners of such shares. Total aggregate proxy costs for all the Trusts/Corporation are estimated to be approximately $2.7 million. Such costs will be paid by the Funds pro rata based on the number of shareholder accounts. Eaton Vance is expected to bear a portion of the proxy costs for certain Funds pursuant to expense reimbursement agreements with such Funds.

Shareholders may also choose to give their proxy votes by telephone using automated telephonic voting system or through the Internet rather than return their proxy cards. Please see the proxy card or Notice of Internet Availability of Proxy Materials for details. A Fund may arrange for Eaton Vance, its affiliates or agents to contact shareholders who have not returned their proxy cards and offer to have votes recorded by telephone. If a Fund records votes over the Internet or by telephone, it will use procedures designed to authenticate shareholders’ identities, to allow shareholders to authorize the voting of their shares in accordance with their instructions, and to confirm that their instructions have been properly recorded. If the enclosed proxy card is executed and returned, or an Internet or telephonic vote is delivered, that vote may nevertheless be revoked at any time prior to its use by written notification received by the Fund, by the execution of a later-dated proxy card, by the Fund’s receipt of a subsequent valid Internet or telephonic vote, or by attending the Meeting and voting in person.

All proxy cards solicited by each Trust’s and the Corporation’s Board that are properly executed and telephone and Internet votes that are properly delivered and received by the Secretary prior to the Meeting, and which are not revoked, will be voted at the Meeting. Shares represented by such proxies will be voted in accordance with the instructions thereon. If no specification is made on the proxy card with respect to Proposal 1, it will be voted FOR the matters specified on the proxy card. With respect

to Fund shares held in Eaton Vance individual retirement accounts, undirected shares will be voted by Eaton Vance or an affiliate in the same proportion as shares of that Fund for which instructions were received. For purposes of determining the presence or absence of a quorum and for determining whether sufficient votes have been received for approval of any matter to be acted upon at the meeting, abstentions and broker non-votes (i.e., proxies from brokers or nominees indicating that such persons have not received instructions from the beneficial owner or other person entitled to vote shares on a particular matter with respect to which the brokers or nominees do not have discretionary power) will be treated as shares that are present at the meeting, but which have not been voted. Accordingly, abstentions and broker non votes will assist a Fund in obtaining a quorum, but will have no effect on the outcome of the Proposal. The Trusts/Corporation may also request that selected brokers and nominees, in their discretion, submit broker non-votes if doing so is necessary to obtain a quorum.

Under the By-laws of each of the Trusts/Corporation, a quorum requires the presence, in person or by proxy, of at least one-third (1/3) of the outstanding shares of that Trust/Corporation. If a quorum is not present at the meeting or if the quorum is present at the meeting, but sufficient votes by the shareholders of the Trusts/Corporation in favor of Proposal 1 set forth in the Notice of this meeting are not received by the meeting date, the persons named as attorneys in the enclosed proxy may propose one or more adjournments of the meeting to permit further solicitation of proxies. Any such adjournment will require the affirmative vote of the holders of a majority of the shares of that Trust/Corporation present in person or by proxy at the session of the Meeting to be adjourned. The persons named as attorneys in the enclosed proxy will vote in favor of such adjournment those proxies that they are entitled to vote in favor of the Proposal for which further solicitation of proxies is to be made. They will vote against any such adjournment those proxies required to be voted against such Proposal. Abstentions and broker non-votes will not be treated as shares voted on any such adjournment. The costs of any such additional solicitation and of any adjourned session will be borne by the Funds as described above.

Shareholder Proposals

Shareholders wishing to submit proposals for consideration at a subsequent shareholders’ meeting should send their written proposals to: Secretary, Eaton Vance Group of Funds, Two International Place, Boston, MA 02110. Proposals must be received a reasonable time in advance of a proxy solicitation to be considered and the mere submission of a proposal does not guarantee inclusion in the proxy statement or consideration at the Meeting. The Funds do not conduct annual meetings.

Householding

One Proxy Statement may be delivered to multiple shareholders at the same address unless you request otherwise. You may request that we do not household proxy statements and/or obtain additional copies of the Proxy Statement by calling 1-800-262-1122 Monday through Friday between 8:30 a.m. – 5:30 p.m. (Eastern Time) or writing to the Fund c/o Eaton Vance Management, Two International Place, Boston, MA 02110.

August 8, 2018

Exhibit A

The outstanding shares of beneficial interest of each Fund may consist of Advisers Class, Class A, Class B, Class C, Class I, Class R, Class R6, Institutional Class or Investor Class shares as indicated below.

Exhibit B

As of July 17, 2018, the following record owners of the specified Fund and class held the share amounts and corresponding percentages indicated below, which was owned either (i) beneficially by such persons or (ii) of record by such persons on behalf of customers who are the beneficial owners of such shares and as to which such record owners may exercise voting rights under certain limited circumstances. Beneficial owners of 25% or more of a class of a Fund are presumed to be in control of the class for purposes of voting on certain matters submitted to shareholders. Beneficial share ownership by a Fund Trustee/Director or officer, as the case may be, is noted.

Eaton Vance Growth Trust

Eaton Vance Atlanta Capital Focused Growth Fund

Eaton Vance Atlanta Capital Select Equity Fund

Eaton Vance Atlanta Capital SMID-Cap Fund

Eaton Vance Focused Global Opportunities Fund

Eaton Vance Focused Growth Opportunities Fund

Eaton Vance Focused International Opportunities Fund

Eaton Vance Focused Value Opportunities Fund

Eaton Vance Greater China Growth Fund

Eaton Vance Hexavest Global Equity Fund

Eaton Vance Hexavest International Equity Fund

Eaton Vance International Small-Cap Fund

Eaton Vance Richard Bernstein All Asset Strategy Fund

Eaton Vance Richard Bernstein Equity Strategy Fund

Eaton Vance Worldwide Health Sciences Fund

Eaton Vance Investment Trust

Eaton Vance Floating-Rate Municipal Income Fund

Eaton Vance National Limited Maturity Municipal Income Fund

Eaton Vance New York Municipal Opportunities Fund

Eaton Vance Short Duration Municipal Opportunities Fund

Eaton Vance Municipals Trust

Eaton Vance Arizona Municipal Income Fund

Eaton Vance California Municipal Opportunities Fund

Eaton Vance Connecticut Municipal Income Fund

Eaton Vance Georgia Municipal Income Fund