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EXHIBIT (h)(7)
Expense Reimbursement Agreement
Effective as of April 26, 2022
Eaton Vance Funds
Boards of Directors and Trustees of the Eaton Vance Funds
Two International Place
Boston, Massachusetts 02110
Re: Expense Waiver/Reimbursement for Cash Sweep
Ladies and Gentlemen:
As you know, we and certain of our affiliates (collectively referred to herein as “we,” “us” or “our” as the context requires) currently provide administrative, advisory, distribution and/or other services to the Eaton Vance Funds. We hereby agree with each trust and/or corporation listed on Schedule A to this letter (each a “Company” and collectively the “Companies”) that for each series of a Company (each a “Fund”) we will waive our fees and/or reimburse operating expenses payable by that Fund by an amount equal to its pro-rata share of the advisory and administration fees paid by the Fund (net of waivers and sub-administration costs) (referred to herein as the “contractual expense reimbursement”) due to its investment in Government Portfolio, a series of Morgan Stanley Institutional Liquidity Funds (the “Cash Sweep Fund”)
Fund expenses are accrued, and any applicable contractual expense reimbursement are applied, daily.
The agreement in this letter will take effect as to each Fund as of the date first written above and will remain in effect for as long as a Fund invests in the Cash Sweep Fund. In addition, the agreements in this letter will terminate upon us ceasing to serve as the investment adviser of the Fund.
We, Eaton Vance Management and each Company are duly organized and validly existing under the laws of the jurisdiction in which they were formed. We acknowledge that all persons dealing with a Company that is Massachusetts business trust formed under a declaration of trust must look solely to the property of that Company for satisfaction of claims of any nature against the Company, as neither the trustees, officers, employees nor shareholders of the Company assume any personal liability in connection with its business or for obligations entered into on its behalf. Each Company acknowledges that all persons dealing with Eaton Vance Management must look solely to the property of Eaton Vance Management for satisfaction of claims of any nature against Eaton Vance, as neither the trustees, officers, employees nor shareholders of Eaton Vance Management assume any personal liability in connection with its business or for obligations entered into on our behalf.
Please sign below to confirm your agreement with the terms of this letter.
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Sincerely, | |
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Eaton Vance Management | |
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By: | /s/ Deidre E. Walsh |
Name: | Deidre E. Walsh |
Title: | Vice President |
Agreed:
On behalf of the Eaton Vance Funds | |
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By: | /s/ James F. Kirchner |
Name: | James F. Kirchner |
Title: | Treasurer |
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SCHEDULE A to EXPENSE REIMBURSEMENT AGREEMENT
Dated: April 26, 2022
EATON VANCE GROWTH TRUST |
EATON VANCE INVESTMENT TRUST |
EATON VANCE MUNICIPALS TRUST |
EATON VANCE MUNICIPALS TRUST II |
EATON VANCE MUTUAL FUNDS TRUST |
EATON VANCE SERIES FUND, INC. |
EATON VANCE SERIES TRUST |
EATON VANCE SERIES TRUST II |
EATON VANCE SPECIAL INVESTMENT TRUST |
EATON VANCE VARIABLE TRUST |
EATON VANCE NEXTSHARES TRUST |
EATON VANCE NEXTSHARES TRUST II |
Core Bond Portfolio |
Emerging Markets Local Income Portfolio |
Eaton Vance Floating Rate Portfolio |
Global Income Builder Portfolio |
Global Macro Absolute Return Advantage Portfolio |
Global Macro Capital Opportunities Portfolio |
Global Macro Portfolio |
Global Opportunities Portfolio |
Greater India Portfolio |
High Income Opportunities Portfolio |
International Income Portfolio |
Senior Debt Portfolio |
Stock Portfolio |
Tax-Managed Growth Portfolio |
Tax-Managed International Equity Portfolio |
Tax-Managed Multi-Cap Growth Portfolio |
Tax-Managed Small-Cap Portfolio |
Tax-Managed Value Portfolio |
5-to-15 Year Laddered Municipal Bond Portfolio |
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Eaton Vance California Municipal Bond Fund (EVM) (NYSE American) |
Eaton Vance California Municipal Income Trust (CEV) (NYSE American) |
Eaton Vance Enhanced Equity Income Fund (EOI) (NYSE) |
Eaton Vance Enhanced Equity Income Fund II (EOS) (NYSE) |
Eaton Vance Floating-Rate Income Trust (EFT) (NYSE) |
Eaton Vance Floating-Rate 2022 Target Term Trust (EFL) (NYSE) |
Eaton Vance Limited Duration Income Fund (EVV) (NYSE American) |
Eaton Vance Municipal Bond Fund (EIM) (NYSE American) |
Eaton Vance Municipal Income 2028 Term Trust (ETX) (NYSE) |
Eaton Vance Municipal Income Trust (EVN) (NYSE) |
Eaton Vance National Municipal Opportunities Trust (EOT) (NYSE) |
Eaton Vance New York Municipal Bond Fund (ENX) (NYSE American) |
Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) (NYSE) |
Eaton Vance Senior Floating-Rate Trust (EFR) (NYSE) |
Eaton Vance Senior Income Trust (EVF) (NYSE) |
Eaton Vance Short Duration Diversified Income Fund (EVG) (NYSE) |
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) (NYSE) |
Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG) (NYSE) |
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO) (NYSE) |
Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) (NYSE) |
Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) (NYSE) |
Eaton Vance Tax-Managed Buy-Write Strategy Fund (EXD) (NYSE) |
Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) (NYSE) |
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) (NYSE) |
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) (NYSE) |
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