Item 1. Schedule of Investments | ||||||||
Item 2. Controls and Procedures | ||||||||
Signatures | ||||||||
EX-99.CERT Section 302 Certification |
Eaton Vance Ohio Municipal Bond Fund | as of December 31, 2009 |
Principal |
||||||||
Amount |
||||||||
(000s omitted) | Security | Value | ||||||
General Obligations 1.7%
|
||||||||
$ | 500 |
County of Franklin,
5.00%, 12/1/27(1)
|
$ | 549,095 | ||||
$ | 549,095 | |||||||
Hospital 4.4%
|
||||||||
$ | 500 |
Miami County, (Upper Valley Medical Center), 5.25%, 5/15/26
|
$ | 503,735 | ||||
1,000 |
Ohio Higher Educational Facilities Authority, (University
Hospital Health Systems, Inc.), 4.75%, 1/15/46
|
894,350 | ||||||
$ | 1,398,085 | |||||||
Insured-Electric Utilities 19.4%
|
||||||||
$ | 700 |
American Municipal Power-Ohio, Inc., (Prairie State Energy
Campus), (AGC), 5.25%, 2/15/33
|
$ | 729,547 | ||||
2,750 |
Cleveland Public Power System, (NPFG), 0.00%, 11/15/27
|
1,177,247 | ||||||
1,000 |
Cleveland Public Power System, (NPFG), 0.00%, 11/15/38
|
219,980 | ||||||
1,670 |
Ohio Municipal Electric Generation Agency, (NPFG),
0.00%, 2/15/25
|
750,465 | ||||||
5,000 |
Ohio Municipal Electric Generation Agency, (NPFG),
0.00%, 2/15/27
|
1,974,750 | ||||||
755 |
Ohio Water Development Authority, (Dayton Power & Light),
(FGIC), 4.80%, 1/1/34
|
735,476 | ||||||
500 |
Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/26
|
518,495 | ||||||
$ | 6,105,960 | |||||||
Insured-General Obligations 41.6%
|
||||||||
$ | 320 |
Bowling Green City School District, (AGM), 5.00%, 12/1/34
|
$ | 327,347 | ||||
200 |
Brookfield Local School District, (AGM), 5.00%, 1/15/30
|
209,150 | ||||||
1,000 |
Cleveland Municipal School District, (AGM), 5.00%, 12/1/27
|
1,036,400 | ||||||
900 |
Clyde-Green Springs Exempted Village School District, (AGM),
4.50%, 12/1/31
|
885,186 | ||||||
1,575 |
Cuyahoga Community College District, (AMBAC), 5.00%, 12/1/32
|
1,592,782 | ||||||
1,000 |
Milford Exempt Village School District, (AGC),
5.25%, 12/1/36
|
1,049,300 | ||||||
1,400 |
Olentangy Local School District, (AGC), 5.00%, 12/1/36
|
1,465,016 | ||||||
280 |
Olentangy Local School District, (AGM), 4.50%, 12/1/32
|
275,892 | ||||||
500 |
Pickerington Local School District, (NPFG), 4.25%, 12/1/34
|
488,330 | ||||||
2,400 |
Plain School District, (FGIC), (NPFG), 0.00%, 12/1/27
|
902,352 | ||||||
750 |
St. Marys School District, (AGM), 5.00%, 12/1/35
|
763,373 | ||||||
500 |
Sylvania City School District, (AGC), 5.00%, 12/1/26
|
531,140 | ||||||
1,000 |
Sylvania City School District, (AGC), 5.00%, 12/1/32
|
1,031,200 | ||||||
500 |
Tecumseh School District, (FGIC), (NPFG), 4.75%, 12/1/31
|
502,595 | ||||||
2,000 |
Wapakoneta City School District, (AGM), 4.75%, 12/1/35
|
2,042,380 | ||||||
$ | 13,102,443 | |||||||
Insured-Hospital 12.5%
|
||||||||
$ | 865 |
Hamilton County, (Cincinnati Childrens Hospital), (FGIC),
(NPFG), 5.00%, 5/15/32
|
$ | 832,268 | ||||
1,500 |
Hamilton County, (Cincinnati Childrens Hospital), (FGIC),
(NPFG), 5.125%, 5/15/28
|
1,506,615 | ||||||
440 |
Lorain County, (Catholic Healthcare Partners), (AGM), Variable
Rate,
17.643%, 2/1/29(2)(3)(4) |
463,883 | ||||||
1,250 |
Ohio Higher Educational Facility Commission, (University
Hospital Health Systems, Inc.), (AMBAC), 4.75%, 1/15/46
|
1,117,938 | ||||||
$ | 3,920,704 | |||||||
Insured-Lease Revenue/Certificates of
Participation 6.0%
|
||||||||
$ | 795 |
Puerto Rico Public Buildings Authority, (CIFG),
5.25%, 7/1/36
|
$ | 747,420 | ||||
235 |
Puerto Rico Public Buildings Authority, Government Facilities
Revenue, (XLCA), 5.25%, 7/1/36
|
216,423 | ||||||
1,000 |
Summit County, (Civic Theater Project), (AMBAC),
5.00%, 12/1/33
|
912,810 | ||||||
$ | 1,876,653 | |||||||
Principal |
||||||||
Amount |
||||||||
(000s omitted) | Security | Value | ||||||
Insured-Public Education 33.5%
|
||||||||
$ | 3,000 |
Cincinnati Technical and Community College, (AMBAC),
5.00%, 10/1/28
|
$ | 2,949,600 | ||||
1,000 |
Kent State University, (AGC), 5.00%, 5/1/26
|
1,055,650 | ||||||
2,000 |
Miami University, (AGM), (AMBAC), 3.25%, 9/1/26
|
1,704,760 | ||||||
500 |
Ohio University, (AGM), 5.00%, 12/1/33
|
512,405 | ||||||
1,170 |
Ohio University, (AGM), 5.25%, 12/1/23
|
1,241,393 | ||||||
1,000 |
University of Akron, (AGM), 5.00%, 1/1/38
|
1,028,540 | ||||||
1,000 |
University of Cincinnati, (AMBAC), 5.00%, 6/1/31
|
1,014,580 | ||||||
1,000 |
Youngstown State University, (AGC), 5.50%, 12/15/33
|
1,051,900 | ||||||
$ | 10,558,828 | |||||||
Insured-Sewer Revenue 4.2%
|
||||||||
$ | 615 |
Marysville Wastewater Treatment System, (AGC), (XLCA),
4.75%, 12/1/46
|
$ | 599,607 | ||||
750 |
Marysville Wastewater Treatment System, (AGC), (XLCA),
4.75%, 12/1/47
|
730,170 | ||||||
$ | 1,329,777 | |||||||
Insured-Special Tax Revenue 10.0%
|
||||||||
$ | 1,335 |
Hamilton County Sales Tax, (AMBAC), 0.00%, 12/1/23
|
$ | 678,954 | ||||
3,665 |
Hamilton County Sales Tax, (AMBAC), 0.00%, 12/1/24
|
1,754,729 | ||||||
8,430 |
Puerto Rico Sales Tax Financing Corp., (AMBAC),
0.00%, 8/1/54
|
483,798 | ||||||
1,530 |
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45
|
170,947 | ||||||
705 |
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/46
|
73,129 | ||||||
$ | 3,161,557 | |||||||
Insured-Transportation 7.9%
|
||||||||
$ | 1,965 |
Cleveland Airport System, (AGM), 5.00%, 1/1/31
|
$ | 1,967,849 | ||||
500 |
Puerto Rico Highway and Transportation Authority, (AGC), (CIFG),
5.25%, 7/1/41(5)
|
514,490 | ||||||
$ | 2,482,339 | |||||||
Pooled Loans 7.1%
|
||||||||
$ | 1,395 |
Cuyahoga County Port Authority, (Garfield Heights),
5.25%, 5/15/23
|
$ | 1,025,465 | ||||
1,140 |
Rickenbacker Port Authority, Oasbo Expanded Asset Pool Loan,
5.375%, 1/1/32(5)
|
1,209,266 | ||||||
$ | 2,234,731 | |||||||
Private Education 6.0%
|
||||||||
$ | 850 |
Ohio Higher Educational Facilities Authority, (John Carroll
University), 5.25%, 11/15/33
|
$ | 850,833 | ||||
1,000 |
Ohio Higher Educational Facilities Authority, (Oberlin College),
5.00%, 10/1/33
|
1,028,650 | ||||||
$ | 1,879,483 | |||||||
Total Tax-Exempt Investments 154.3%
(identified cost $47,921,503) |
$ | 48,599,655 | ||||||
Principal |
||||||||
Amount |
||||||||
(000s omitted) | Description | Value | ||||||
$ | 399 |
State Street Bank and Trust Euro Time Deposit,
0.01%, 1/4/10
|
$ | 398,739 | ||||
Total Short-Term Investments 1.2%
(identified cost $398,739) |
$ | 398,739 | ||||||
Total Investments 155.5%
(identified cost $48,320,242) |
$ | 48,998,394 | ||||||
Auction Preferred Shares Plus Cumulative Unpaid
Dividends (54.0)%
|
$ | (17,000,936 | ) | |||||
Other Assets, Less Liabilities (1.5)%
|
$ | (496,071 | ) | |||||
Net Assets Applicable to Common Shares 100.0%
|
$ | 31,501,387 | ||||||
AGC
|
- | Assured Guaranty Corp. | ||||
AGM
|
- | Assured Guaranty Municipal Corp. | ||||
AMBAC
|
- | AMBAC Financial Group, Inc. | ||||
CIFG
|
- | CIFG Assurance North America, Inc. | ||||
FGIC
|
- | Financial Guaranty Insurance Company | ||||
NPFG
|
- | National Public Finance Guaranty Corp. | ||||
XLCA
|
- | XL Capital Assurance, Inc. | ||||
The Fund invests primarily in debt securities issued by Ohio municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at December 31, 2009, 86.8% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution ranged from 2.6% to 25.4% of total investments. | ||||||
(1)
|
Security (or a portion thereof) has been pledged to cover margin requirements on open financial futures contracts. | |||||
(2)
|
Security has been issued as a leveraged inverse floater bond. The stated interest rate represents the rate in effect at December 31, 2009. | |||||
(3)
|
Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2009, the aggregate value of these securities is $463,883 or 1.5% of the Funds net assets. | |||||
(4)
|
Security is subject to a shortfall agreement which may require the Fund to pay amounts to a counterparty in the event of a significant decline in the market value of the security underlying the inverse floater. In case of a shortfall, the maximum potential amount of payments the Fund could ultimately be required to make under the agreement is $1,320,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the inverse floater. | |||||
(5)
|
Security represents the underlying municipal bond of an inverse floater. |
Expiration |
Aggregate |
Net Unrealized |
||||||||||||||
Date | Contracts | Position | Cost | Value | Appreciation | |||||||||||
3/10
|
33 U.S. Treasury Bond | Short | $ | (3,952,010 | ) | $ | (3,807,375 | ) | $ | 144,635 | ||||||
3/10
|
21 U.S. Treasury Note | Short | (2,486,294 | ) | (2,424,516 | ) | 61,778 | |||||||||
$ | 206,413 | |||||||||||||||
Annual |
Effective Date/ |
|||||||||||||||
Notional |
Fixed Rate |
Floating Rate |
Termination |
Net Unrealized |
||||||||||||
Counterparty | Amount | Paid By Fund | Paid To Fund | Date | Appreciation | |||||||||||
JPMorgan Chase Co.
|
$ | 737,500 | 4.097 | % |
3-month USD- LIBOR-BBA |
March 15, 2010 / March 15, 2040 |
$ | 57,425 | ||||||||
Merrill Lynch Capital Services, Inc.
|
750,000 | 4.260 |
3-month USD- LIBOR-BBA |
February 24, 2010 / February 24, 2040 |
36,499 | |||||||||||
$ | 93,924 | |||||||||||||||
Aggregate cost
|
$ | 48,210,889 | ||
Gross unrealized appreciation
|
$ | 1,205,101 | ||
Gross unrealized depreciation
|
(1,427,596 | ) | ||
Net unrealized depreciation
|
$ | (222,495 | ) | |
| 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 funds own assumptions in determining the fair value of investments) |
Quoted Prices in |
||||||||||||||||
Active Markets for |
Significant Other |
Significant |
||||||||||||||
Identical Assets | Observable Inputs | Unobservable Inputs | ||||||||||||||
Asset Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Tax-Exempt Investments
|
$ | | $ | 48,599,655 | $ | | $ | 48,599,655 | ||||||||
Short-Term Investments
|
| 398,739 | | 398,739 | ||||||||||||
Total Investments
|
$ | | $ | 48,998,394 | $ | | $ | 48,998,394 | ||||||||
Futures Contracts
|
$ | 206,413 | $ | | $ | | $ | 206,413 | ||||||||
Interest Rate Swaps
|
| 93,924 | | 93,924 | ||||||||||||
Total
|
$ | 206,413 | $ | 49,092,318 | $ | | $ | 49,298,731 | ||||||||
By:
|
/s/ Cynthia J. Clemson | |||
Cynthia J. Clemson | ||||
President | ||||
Date:
|
February 22, 2010 |
By:
|
/s/ Cynthia J. Clemson | |||
Cynthia J. Clemson | ||||
President | ||||
Date:
|
February 22, 2010 | |||
By:
|
/s/ Barbara E. Campbell | |||
Barbara E. Campbell | ||||
Treasurer | ||||
Date:
|
February 22, 2010 |