Income by State

Tax Exempt Income and AMT by Fund

Dividend Received Deduction Percentages

Sources of Income

Foreign Tax Credit Information

Eaton Vance Open-End Funds2012 Additional Tax Information

Eaton Vance Investment Managers

Income by State 2

Tax-Exempt Income and AMT by Fund 9

Dividends-Received Deduction 11

Sources of Income 12

Foreign Tax Credit/Deduction 13

C o n t e n t s

Dear Shareholder:

We are pleased to provide you with the Eaton Vance Funds 2012 Tax Guide Supplement. Within this brochure you will find additional information which should aid you or your tax advisor in the preparation of your Federal and/or State Income Tax Returns. Please look through this information carefully when preparing your 2012 tax filings.

Should you have questions regarding these documents, please don’t hesitate to contact an Eaton Vance Representative at 1-800-262-1122 or consult your tax advisor.

Mutual fund shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Shares are subject to investment risks,

including possible loss of principal invested.

Eaton Vance Funds P.O. Box 9653 Providence, RI 02940 (800) 262-1122 www.eatonvance.com

© 2012 Eaton Vance • Two International Place • Boston, MA 02110

www.eatonvance.com

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EATON VANCE OPEN-END FUNDSINCOME BY STATE – MULTI-STATE FUNDS

National Limited National High Yield AMT-Free MaturityState / Municipal Municipal Municipal MunicipalTerritory Income Fund Income Fund Income Fund Income Fund

Alabama 0.86% 1.36% 2.52% 1.13%Alaska 0.00% 0.45% 0.00% 0.09%Arizona 1.99% 3.46% 2.46% 2.02%Arkansas 0.16% 0.01% 0.00% 0.00%California 17.28% 5.79% 11.89% 7.08%Colorado 1.49% 1.07% 1.46% 1.42%Connecticut 0.05% 1.00% 0.29% 0.33%Delaware 0.23% 2.95% 0.32% 0.78%District of Columbia 0.00% 0.02% 0.00% 3.05%Florida 9.28% 6.61% 3.26% 8.03%Georgia 0.58% 2.09% 3.60% 2.14%Guam 0.01% 0.00% 0.00% 0.00%Hawaii 0.96% 2.66% 1.57% 0.70%Idaho 0.01% 0.00% 1.57% 1.13%Illinois 3.61% 4.10% 5.44% 1.16%Indiana 0.05% 1.25% 0.00% 0.08%Iowa 0.60% 0.01% 0.00% 0.00%Kansas 0.05% 0.00% 1.41% 1.70%Kentucky 0.00% 0.00% 0.00% 0.25%Louisiana 1.26% 1.10% 1.23% 3.60%Maine 0.00% 0.31% 0.00% 1.04%Maryland 1.48% 2.46% 1.64% 3.49%Massachusetts 4.47% 9.84% 9.55% 5.96%Michigan 2.91% 0.71% 0.84% 5.52%Minnesota 0.28% 1.57% 0.91% 0.33%Mississippi 0.46% 0.23% 0.00% 0.34%Missouri 1.00% 1.59% 1.80% 0.99%Montana 0.00% 0.00% 0.00% 0.00%Nebraska 0.05% 0.00% 0.59% 0.00%Nevada 1.87% 0.44% 2.07% 0.42%New Hampshire 0.12% 0.00% 0.00% 0.56%

STATE TAX INFORMATION For state tax purposes, your tax-exempt income may be taxable except for possibly that portion applicable to the net tax-exempt income earned in your particular state of residence. See the follow-ing table for the percentage of net tax-exempt income, if any, earned in your state of residence in 2012. We suggest that you contact your tax adviser for assistance in determining the tax treatment of the tax-exempt dividends in your state.

CONTINUED

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National Limited National High Yield AMT-Free MaturityState / Municipal Municipal Municipal MunicipalTerritory Income Fund Income Fund Income Fund Income Fund

New Jersey 5.16% 8.10% 4.17% 10.56%New Mexico 0.00% 0.91% 0.23% 0.36%New York 18.71% 11.02% 22.58% 9.79%North Carolina 0.91% 0.00% 0.04% 3.93%Ohio 0.74% 0.03% 0.27% 5.19%Oklahoma 0.32% 0.15% 0.00% 0.00%Oregon 0.85% 2.00% 1.55% 1.64%Pennsylvania 1.84% 2.62% 0.78% 2.02%Puerto Rico 0.81% 0.26% 1.53% 0.49%Rhode Island 0.28% 1.26% 0.68% 0.54%South Carolina 0.18% 2.59% 0.60% 2.31%Tennessee 0.14% 1.88% 0.22% 0.00%Texas 14.23% 9.84% 6.46% 4.74%U.S. Virgin Islands 0.01% 0.65% 0.00% 0.27%Utah 0.00% 0.03% 0.00% 0.00%Vermont 0.00% 1.91% 0.00% 0.21%Virginia 2.57% 1.83% 4.32% 4.61%Washington 1.75% 2.62% 2.15% 0.00%West Virginia 0.00% 0.00% 0.00% 0.00%Wisconsin 0.39% 1.22% 0.00% 0.00%Wyoming 0.00% 0.00% 0.00% 0.00%

EATON VANCE OPEN-END FUNDSINCOME BY STATE – MULTI-STATE FUNDS

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EATON VANCE OPEN-END FUNDSINCOME BY STATE – MULTI-STATE FUNDS

Municipal AMT-Free Limited Tax-AdvantagedState / Opportunities Maturity Municipal Bond StrategiesTerritory Fund Income Fund Short Term Fund

Alabama 1.60% 0.17% 0.61%Alaska 0.00% 0.00% 0.03%Arizona 0.85% 7.26% 3.13%Arkansas 1.43% 0.00% 0.17%California 17.48% 6.59% 1.38%Colorado 1.03% 0.40% 1.10%Connecticut 0.22% 0.34% 0.79%Delaware 0.00% 0.90% 0.47%District of Columbia 0.00% 0.00% 0.00%Florida 5.62% 7.59% 8.21%Georgia 1.67% 0.00% 4.91%Guam 0.00% 0.00% 0.00%Hawaii 2.20% 0.12% 0.00%Idaho 0.63% 5.22% 0.00%Illinois 2.14% 0.00% 3.39%Indiana 0.30% 0.15% 1.92%Iowa 0.00% 1.89% 0.11%Kansas 0.00% 0.00% 0.46%Kentucky 0.00% 0.00% 0.20%Louisiana 0.68% 3.55% 0.00%Maine 0.00% 0.00% 0.18%Maryland 2.92% 1.80% 8.09%Massachusetts 7.91% 9.53% 4.29%Michigan 5.91% 1.12% 1.39%Minnesota 2.40% 1.80% 2.45%Mississippi 0.00% 0.00% 0.06%Missouri 0.61% 1.89% 0.52%Montana 0.00% 0.00% 0.27%Nebraska 1.32% 0.00% 0.10%Nevada 0.00% 0.00% 0.77%New Hampshire 0.00% 0.00% 0.00%

STATE TAX INFORMATION For state tax purposes, your tax-exempt income may be taxable except for possibly that portion applicable to the net tax-exempt income earned in your particular state of residence. See the follow-ing table for the percentage of net tax-exempt income, if any, earned in your state of residence in 2012. We suggest that you contact your tax adviser for assistance in determining the tax treatment of the tax-exempt dividends in your state.

CONTINUED

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Municipal AMT-Free Limited Tax-AdvantagedState / Opportunities Maturity Municipal Bond StrategiesTerritory Fund Income Fund Short Term Fund

New Jersey 5.35% 2.72% 3.98%New Mexico 0.00% 0.18% 0.66%New York 12.88% 8.94% 6.83%North Carolina 0.24% 1.80% 6.33%Ohio 1.94% 1.45% 2.47%Oklahoma 0.81% 0.00% 0.64%Oregon 3.83% 2.26% 1.53%Pennsylvania 5.06% 4.77% 4.71%Puerto Rico 0.00% 2.88% 0.00%Rhode Island 0.00% 0.00% 0.00%South Carolina 0.64% 1.53% 0.63%Tennessee 1.78% 0.00% 1.60%Texas 2.78% 10.84% 10.17%U.S. Virgin Islands 0.00% 0.00% 0.00%Utah 2.49% 0.00% 1.61%Vermont 0.00% 0.47% 0.09%Virginia 2.78% 8.15% 6.12%Washington 2.50% 3.69% 6.88%West Virginia 0.00% 0.00% 0.00%Wisconsin 0.00% 0.00% 0.75%Wyoming 0.00% 0.00% 0.00%Other* 0.00% 0.00% 0.00% 16.10%

EATON VANCE OPEN-END FUNDSINCOME BY STATE – MULTI-STATE FUNDS

CONTINUED

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EATON VANCE OPEN-END FUNDSINCOME BY STATE – MULTI-STATE FUNDS

Tax-Advantaged Tax-Advantaged BuildState / Bond Strategies Bond Strategies AmericaTerritory IntermediateTerm Fund Long Term Fund Bond Fund*

Alabama 1.09% 3.30% 0.00%Alaska 0.00% 0.05% 0.00%Arizona 3.80% 3.91% 0.19%Arkansas 0.58% 2.42% 0.00%California 6.70% 8.92% 12.12%Colorado 3.14% 2.26% 2.66%Connecticut 0.96% 0.02% 2.51%Delaware 0.00% 0.61% 0.00%District of Columbia 2.04% 0.00% 0.51%Florida 5.68% 4.29% 4.68%Georgia 2.96% 2.58% 1.48%Guam 0.00% 0.00% 0.00%Hawaii 0.00% 0.14% 0.31%Idaho 0.00% 0.00% 0.00%Illinois 4.54% 5.98% 1.73%Indiana 0.20% 0.00% 0.42%Iowa 0.00% 0.00% 1.18%Kansas 0.00% 0.00% 0.03%Kentucky 0.10% 0.41% 0.00%Louisiana 2.82% 2.11% 0.00%Maine 0.00% 0.00% 0.00%Maryland 2.03% 0.16% 1.13%Massachusetts 8.54% 7.96% 6.13%Michigan 2.00% 1.21% 6.01%Minnesota 0.43% 2.63% 0.00%Mississippi 0.73% 0.52% 1.34%Missouri 1.80% 0.13% 1.79%Montana 0.00% 0.00% 0.00%Nebraska 0.00% 0.26% 1.18%Nevada 1.51% 3.88% 0.00%New Hampshire 1.57% 0.00% 0.09%

* As a percentage of taxable income.

CONTINUED

STATE TAX INFORMATION For state tax purposes, your tax-exempt income may be taxable except for possibly that portion applicable to the net tax-exempt income earned in your particular state of residence. See the follow-ing table for the percentage of net tax-exempt income, if any, earned in your state of residence in 2012. We suggest that you contact your tax adviser for assistance in determining the tax treatment of the tax-exempt dividends in your state.

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Tax-Advantaged Tax-Advantaged BuildState / Bond Strategies Bond Strategies AmericaTerritory Intermediate Term Fund Long Term Fund Bond Fund*

New Jersey 1.24% 0.46% 3.15%New Mexico 0.48% 0.00% 0.00%New York 6.40% 11.13% 13.45%North Carolina 3.59% 5.88% 3.29%Ohio 0.67% 0.00% 5.68%Oklahoma 0.00% 0.00% 0.00%Oregon 1.40% 1.66% 2.60%Pennsylvania 9.35% 0.92% 5.90%Puerto Rico 0.00% 0.00% 0.00%Rhode Island 0.00% 1.14% 0.00%South Carolina 1.98% 0.47% 0.00%Tennessee 1.13% 1.11% 2.47%Texas 7.88% 12.19% 12.01%U.S. Virgin Islands 0.00% 0.00% 0.00%Utah 0.58% 1.05% 0.00%Vermont 1.13% 0.00% 0.00%Virginia 6.52% 7.61% 1.36%Washington 3.71% 1.43% 4.60%West Virginia 0.28% 1.07% 0.00%Wisconsin 0.44% 0.13% 0.00%Wyoming 0.00% 0.00% 0.00%Other* 0.00% 0.00% 0.00% 16.10%

* As a percentage of taxable income.

EATON VANCE OPEN-END FUNDSINCOME BY STATE – MULTI-STATE FUNDS

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EATON VANCE OPEN-END FUNDSINCOME BY STATE – SINGLE STATE FUNDS

STATE TAX INFORMATION The chart below lists, on a state by state basis, the source of the exempt interest dividends for 2012. We suggest that you contact your tax adviser concerning the application of the state and local taxes to your 2012 exempt interest dividends.

Primary Primary U.S. Possessions/ Other Fund State State % Territories % States% Total

Alabama Municipal Income Fund AL 86.78% 13.22% 0.00% 100.00%Arizona Municipal Income Fund AZ 91.21% 8.79% 0.00% 100.00%Arkansas Municipal Income Fund AR 86.25% 13.11% 0.64% 100.00%California Municipal Income Fund CA 96.03% 3.97% 0.00% 100.00%Connecticut Municipal Income Fund CT 83.41% 16.59% 0.00% 100.00%Georgia Municipal Income Fund GA 87.66% 12.34% 0.00% 100.00%Kentucky Municipal Income Fund KY 90.51% 9.49% 0.00% 100.00%Maryland Municipal Income Fund MD 94.00% 6.00% 0.00% 100.00%Massachusetts Limited Maturity Municipal Income Fund MA 95.37% 4.63% 0.00% 100.00%Massachusetts Municipal Income Fund MA 95.99% 4.01% 0.00% 100.00%Minnesota Municipal Income Fund MN 96.78% 3.22% 0.00% 100.00%Missouri Municipal Income Fund MO 86.55% 13.45% 0.00% 100.00%New Jersey Municipal Income Fund NJ 96.63% 3.37% 0.00% 100.00%New York Limited Maturity Municipal Income Fund NY 93.89% 6.11% 0.00% 100.00%New York Municipal Income Fund NY 98.61% 1.39% 0.00% 100.00%North Carolina Municipal Income Fund NC 91.04% 8.96% 0.00% 100.00%Ohio Municipal Income Fund OH 94.10% 5.90% 0.00% 100.00%Oregon Municipal Income Fund OR 88.30% 11.70% 0.00% 100.00%Pennsylvania Limited Maturity Municipal Income Fund PA 97.89% 2.11% 0.00% 100.00%Pennsylvania Municipal Income Fund PA 91.26% 8.74% 0.00% 100.00%South Carolina Municipal Income Fund SC 88.26% 11.74% 0.00% 100.00%Tennessee Municipal Income Fund TN 87.88% 12.12% 0.00% 100.00%Virginia Municipal Income Fund VA 87.80% 12.20% 0.00% 100.00%

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EATON VANCE OPEN-END FUNDSTAX-EXEMPT INCOME & AMT BY FUND

FEDERAL TAX INFORMATION Refer to the table below to compute the amount of your dividends from income in 2012 that are subject to Federal income tax.

In addition, tax regulations require that tax-exempt income be reported on Form 1040, page 1, line 8b. Shareholders subject to the Alternative Minimum Tax (AMT) should refer to the table below in order to compute the amount of your tax-exempt income subject to reporting on Form 6251, Alternative Minimum Tax — Individuals. For 2012 the dollar amounts associated with these percentages will appear on Form 1099-INT, Box 8 and 9, or a substitute form received from your financial advisor. We are providing these percentages for information purposes only.

STATE TAX INFORMATION We suggest that you contact your tax adviser for assistance in determining the tax treatment of the tax-exempt dividends in your state.

Percent Percent Subject Tax- Subject To To Federal Exempt Alternative Fund Income Tax Percentage Minimum Tax

Alabama Municipal Income Fund 0.90% 99.10% 1.56%AMT-Free Limited Maturity Municipal Income Fund 0.05% 99.95% *0.00%AMT-Free Municipal Income Fund 0.32% 99.68% 0.00%Arizona Municipal Income Fund 0.00% 100.00% 6.02%Arkansas Municipal Income Fund 0.00% 100.00% 5.49%California Municipal Income Fund 0.00% 100.00% 14.14%Connecticut Municipal Income Fund 0.42% 99.58% 14.23%Georgia Municipal Income Fund 0.06% 99.94% 10.57%High Yield Municipal Income Fund 3.10% 96.90% 28.66%Kentucky Municipal Income Fund 0.00% 100.00% 16.83%Maryland Municipal Income Fund 0.64% 99.36% 15.13%Massachusetts Limited Maturity Municipal Income Fund 0.00% 100.00% 2.58%Massachusetts Municipal Income Fund 1.80% 98.20% 13.22%Minnesota Municipal Income Fund 0.09% 99.91% 7.88%Missouri Municipal Income Fund 0.00% 100.00% 11.95%Municipal Opportunities Fund 3.01% 96.99% 17.86%National Limited Maturity Municipal Income Fund 1.02% 98.98% 13.25%National Municipal Income Fund 4.24% 95.76% 20.59%

CONTINUED

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EATON VANCE OPEN-END FUNDSTAX-EXEMPT INCOME & AMT BY FUND

Percent Percent Subject Tax- Subject To To Federal Exempt Alternative Fund Income Tax Percentage Minimum Tax

New Jersey Municipal Income Fund 0.38% 99.62% 24.69%New York Limited Maturity Municipal Income Fund 0.00% 100.00% 7.03%New York Municipal Income Fund 0.25% 99.75% 11.32%North Carolina Municipal Income Fund 0.00% 100.00% 8.46%Ohio Municipal Income Fund 0.35% 99.65% 5.28%Oregon Municipal Income Fund 2.70% 97.30% 21.99%Pennsylvania Limited Maturity Municipal Income Fund 0.00% 100.00% 11.69%Pennsylvania Municipal Income Fund 0.25% 99.75% 8.38%South Carolina Municipal Income Fund 0.00% 100.00% 3.55%Tax-Advantaged Bond Strategies Intermediate Term Fund 0.01% 99.99% 0.00%Tax-Advantaged Bond Strategies Long Term Fund 0.00% 100.00% 0.00%Tax-Advantaged Bond Strategies Short Term Fund 0.14% 99.86% 0.00%Tennessee Municipal Income Fund 0.09% 99.91% 10.43%Virginia Municipal Income Fund 0.03% 99.97% 22.41%

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EATON VANCE OPEN-END FUNDSDIVIDENDS-RECEIVED DEDUCTION

CORPORATE SHAREHOLDERS* To determine the amount of your dividends from income which qualify for the dividends received deduction, multiply the percentage stated below for your fund by the total amount of income distribu-tions (excluding return of capital) received.

Qualifying Fund Percentage

Atlanta Capital Focused Growth Fund 100.00%Atlanta Capital Select Equity Fund 25.79%Balanced Fund 78.70%Commodity Strategy Fund 3.44%Dividend Builder Fund 82.80%Floating-Rate Advantage Fund 2.01%Floating-Rate Fund 1.22%Floating-Rate & High Income Fund 1.49%Focused Growth Opportunities Fund 100.00%Focused Value Opportunities Fund 100.00%Global Dividend Income Fund 38.39%Global Natural Resources Fund 100.00%Hexavest Global Equity Fund 34.59%Hexavest International Equity Fund 0.14%Hexavest US Equity Fund 80.16%Investment Grade Income Fund 1.77%Large-Cap Core Research Fund 100.00%Large-Cap Growth Fund 100.00%Large-Cap Value Fund 100.00%Multi-Strategy Absolute Return Fund 16.14%Parametric Global Small-Cap Fund 85.82%Parametric Structured Emerging Markets Fund 2.83%Parametric Structured International Equity Fund 0.50%Richard Bernstein All-Asset Strategy Fund 38.96%Richard Bernstein Equity Strategy Fund 100.00%Risk-Managed Equity Option Fund 100.00%Small Cap Fund 100.00%Tax-Managed Equity Asset Allocation Fund 100.00%Tax-Managed Global Dividend Income Fund 52.89%Tax-Managed Growth Fund 1.0 100.00%Tax-Managed Growth Fund 1.1 100.00%Tax-Managed Growth Fund 1.2 100.00%Tax-Managed Value Fund 100.00%Worldwide Health Sciences Fund 30.39%

* Note: The dividends-received deduction applies to corporate taxpayers only. Individuals are not eligible for this deduction.

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Fund UST FHLB FHLMC FNMA FFCB GNMA SLMA CORP TOTAL

Balanced Fund 7% - 4% 6% - 7% - 76% 100%Commodity Strategy Fund 30% - - - - - - 70% 100%Diversified Currency Income Fund - - 1% 4% - 2% - 93% 100%Emerging Markets Local Income Fund - 1% 1% 1% - - - 97% 100%Floating-Rate Fund - - - - - - - 100% 100%Floating-Rate & High Income Fund - - - - - - - 100% 100%Floating-Rate Advantage Fund - - - - - - - 100% 100%Global Macro Absolute Return Fund 1% 4% 5% 15% - 2% - 73% 100%Global Macro Absolute Return Advantage Fund - - 1% 2% - - - 97% 100%Government Obligations Fund 1% 4% 22% 56% 1% 12% - 4% 100%High Income Opportunities Fund - - - - - - - 100% 100%Income Fund of Boston - - - - - - - 100% 100% Investment Grade Income Fund 14% - 7% 11% - 12% - 56% 100% Low Duration Government Income Fund - 13% 19% 37% 2% 2% - 27% 100%Multi-Strategy Absolute Return Fund 2% 2% 5% 12% - 3% - 76% 100%Multi-Strategy All-Market Fund 1% - 1% 4% - 1% - 93% 100%Parametric Option Absolute Return Strategy Fund 5% 2% 6% 7% 1% 1% - 78% 100%Parametric Structured Absolute Return Fund 2% - - - - - - 98% 100%Parametric Structured Commodity Strategy Fund 100% - - - - - - - 100%Short-Term Real Return Fund 14% - - - - - - 86% 100%Strategic Income Fund - 2% 2% 6% - 2% - 88% 100%Tax-Advantaged Bond Strategies Short Term Fund 9% - 2% - - - - 89% 100% Tax-Advantaged Bond Strategies Intermediate Term Fund 100% - - - - - - - 100% U.S. Government Money Market Fund 30% 15% 38% 12% 5% - - - 100%

Legend: UST — U.S. Treasury Bills, Notes & Bonds FFCB — Federal Farm Credit Banks FHLB — Federal Home Loan Bank GNMA — Government National Mortgage Association FHLMC — Federal Home Loan Mortgage SLMA — Student Loan Marketing Association Corporation FNMA — Federal National Mortgage Association CORP — Corporate Securities

INCOME FROM U.S. GOVERNMENT SOURCES The table below provides the percentage of dividends from income that you received during 2012 that may be exempt from state and perhaps local taxation because it was earned from obligations of the U.S. Government or its agencies. The total amount of dividends received, which is shown in Box 1a of the Form 1099-DIV, should be multiplied by the percentages on the table below, to deter-mine the appropriate dollar amount of each income source. If you did not receive a Form 1099-DIV, multiply these percentages by the amount of dividends from income that you received during the year as shown on your shareholder statements. It is suggested that you contact your tax advisor for assistance in determining the tax treatment of dividends in your state.

EATON VANCE OPEN-END FUNDSSOURCES OF INCOME

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EATON VANCE OPEN-END FUNDSFOREIGN TAX CREDIT/DEDUCTION

Shareholders may elect to treat the foreign taxes paid by their funds as a deduction from gross income when computing taxable income or as a foreign tax credit against federal income tax on their 2012 income tax return. A deduction reduces your income subject to tax, whereas a credit reduces your actual U.S. income tax on a dollar-for-dollar basis.

DEDUCTIONIf you are an individual taxpayer and elect to reflect the foreign tax paid as reported in Box 6 of Form 1099-DIV as an itemized deduction, it should be claimed on schedule A of Form 1040.

FOREIGN INCOMETo calculate your foreign income multiply the amount in Box 1a of your 2012 Form 1099-DIV by the income factor in the table below.

FOREIGN TAXESTo calculate your foreign tax multiply the amount in Box 6 of your 2012 Form 1099-DIV by the tax factor in the table below.

TAX CREDIT If you are an individual whose only foreign income is passive income (dividends, interest, etc.), and the total of all your foreign taxes shown on forms 1099-DIV, 1099-INT, and similar statements is not more than $300 ($600 if married filing jointly), you can make an election not to be subject to the foreign tax limit. If you make this election, you claim the credit on line 47 of Form 1040.

If you are not exempt from the limit, you must file Form 1116 with your U.S. income tax return. The table below will assist you in completing Form 1116.

Shareholders are urged to consult their own tax counsel for assistance or information relating to federal, state and local tax treatment of Fund distributions and foreign taxes paid.

Fund Income Factor Tax Factor

Asian Small Companies Fund 100.0% 100.0%Diversified Currency Income Fund 93.6% 100.0%Emerging Markets Local Income Fund 96.5% 100.0%Global Macro Absolute Return Fund 83.3% 100.0%Global Macro Absolute Return Advantage Fund 94.6% 100.0%Global Natural Resources Fund 75.9% 100.0%Greater China Growth Fund 100.0% 100.0%Greater India Fund 100.0% 100.0%Hexavest International Equity Fund 93.0% 100.0%Hexavest Emerging Markets Equity Fund 86.0% 100.0%Parametric Global Small-Cap Fund 61.0% 100.0%Parametric Structured Emerging Markets Fund 99.1% 100.0%Parametric Structured International Equity Fund 100.0% 100.0%Parametric Tax-Managed Emerging Markets Fund 99.4% 100.0%Tax-Managed International Equity Fund 100.0% 100.0%

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2803-12/12 2012TGSOEF