Eaton Vance Corp. Report for the Three Months Ended January 31, 2013

     Eaton Vance Corp. Report for the Three Months Ended January 31, 2013

PR Newswire

BOSTON, Feb. 20, 2013

BOSTON, Feb. 20, 2013  /PRNewswire/ -- Eaton Vance Corp. (NYSE: EV) today
reported adjusted earnings per diluted share^(1) of $0.50 for the first
quarter of fiscal 2013, an increase of 6 percent over the $0.47 of adjusted
earnings per diluted share in the first quarter of fiscal 2012 and a decrease
of 6 percent from the $0.53 of adjusted earnings per diluted share in the
fourth quarter of fiscal 2012.

As determined under U.S. generally accepted accounting principles ("GAAP"),
the Company earned $0.38 in the first quarter of fiscal 2013, $0.40 in the
first quarter of fiscal 2012 and $0.45 in the fourth quarter of fiscal 2012.
Adjusted earnings differed from GAAP earnings due to adjustments in connection
with increases in the estimated redemption value of non-controlling interests
in affiliates redeemable at other than fair value, which reduced GAAP earnings
by $0.09, $0.07 and $0.08 per diluted share in the first quarter of fiscal
2013, the first quarter of fiscal 2012 and the fourth quarter of fiscal 2012,
respectively. In the first quarter of fiscal 2013, adjusted earnings per
diluted share also differed from GAAP earnings per diluted share due to the
application of the two-class method of computing earnings per share in
connection with the special dividend declared in the first quarter of fiscal
2013, which reduced GAAP earnings per diluted share by $0.03.

Net inflows of $5.4 billion into long-term funds and separate accounts in the
first quarter of fiscal 2013 compare to net outflows of $1.1 billion in the
first quarter of fiscal 2012 and net inflows of $2.2 billion in the fourth
quarter of fiscal 2012. As shown in Attachment 5, the sharp improvement in
net flow results year-over-year reflects strong net inflows into floating-rate
income and implementation service mandates and reduced net outflows from
equity strategies. The Company's annualized internal growth rate (net inflows
into long-term assets divided by beginning of period long-term assets managed)
was 11 percent in the first quarter of fiscal 2013.

"The first quarter of fiscal 2013 was a period of growth and investment for
Eaton Vance," said Thomas E. Faust Jr., Chairman and Chief Executive Officer.
"Strong net flows, the support of rising markets and increased contributions
from our strategic initiatives should position us for improved earnings
results over coming quarters."

Consolidated assets under management were $247.8 billion on January 31, 2013,
a new all-time high. This represents an increase of 29 percent from managed
assets of $191.7 billion on January 31, 2012 and an increase of 24 percent
from the $199.5 billion of managed assets on October 31, 2012. Consolidated
assets under management on January 31, 2013 included $36.3 billion managed by
the former Clifton Group Investment Management Company ("Clifton"), which was
acquired by the Company's subsidiary Parametric Portfolio Associates LLC
("Parametric") on December 31, 2012.

Consolidated assets under management on January 31, 2013 included $119.2
billion in long-term funds, $83.3 billion in institutional separate accounts,
$16.2 billion in high-net-worth separate accounts, $28.9 billion in retail
managed accounts and $0.2 billion in cash management fund assets. Average
consolidated assets under management were $216.2 billion in the first quarter
of fiscal 2013, up 15 percent from $187.4 billion in the first quarter of
fiscal 2012 and up 10 percent from $196.6 billion in the fourth quarter of
fiscal 2012. The sequential increase in ending assets under management in the
first quarter of fiscal 2013 primarily reflects the acquisition of $34.8
billion of assets from Clifton, long-term net inflows of $5.4 billion and
market price appreciation of $8.2 billion.

As shown in Attachment 6, consolidated gross sales and other inflows were
$19.4 billion in the first quarter of fiscal 2013, up 69 percent from $11.5
billion in the first quarter of fiscal 2012 and up 35 percent from $14.4
billion in the fourth quarter of fiscal 2012. Gross redemptions and other
outflows were $14.1 billion in the first quarter of fiscal 2013, up 11 percent
from $12.6 billion in the first quarter of fiscal 2012 and up 15 percent from
$12.3 billion in the fourth quarter of fiscal 2012.

Attachments 5 and 6 summarize the Company's assets under management and asset
flows by investment mandate and investment vehicle. Attachment 7 summarizes
the Company's assets under management by investment affiliate.

As of January 31, 2013, 49 percent-owned affiliate Hexavest, Inc. ("Hexavest")
managed $14.5 billion of client assets, an increase of 20 percent from the
$12.1 billion of managed assets on October 31, 2012. Net inflows into
Hexavest-managed funds and separate accounts were $1.9 billion in the first
quarter of fiscal 2013 and have totaled $2.7 billion since Eaton Vance
acquired its interest in Hexavest on August 6, 2012. Attachment 9 summarizes
assets under management and asset flow information for Hexavest. Other than
Eaton Vance-sponsored funds for which Hexavest is advisor or sub-advisor, the
managed assets of Hexavest are not included in Eaton Vance consolidated
totals.



Financial Highlights
                                      Three Months Ended
                                      (in thousands, except per share figures)
                                      January 31,   October 31,   January 31,
                                      2013         2012          2012
Revenue                               $   318,517   $   309,889   $   295,606
Expenses                                  217,837      203,544       202,786
Operating income                          100,680      106,345       92,820
Operating margin                          32%           34%           31%
Non-operating (expense) income            (5,791)       3,993         5,733
Income taxes                              (35,939)      (37,655)      (35,187)
Equity in net income of affiliates,       3,177        1,758         1,504
net of tax
Net income                                62,127      74,441        64,870
Net income attributable to
non-controlling
   and other beneficial interests        (12,322)      (21,323)      (17,599)
Net income attributable to
   Eaton Vance Corp. shareholders     $   49,805    $   53,118    $   47,271
Adjusted net income attributable to
Eaton
   Vance Corp. shareholders^(1)       $   60,452    $   62,988    $   55,373
Earnings per diluted share            $   0.38      $   0.45      $   0.40
Adjusted earnings per diluted         $   0.50      $   0.53      $   0.47
share^(1)



First Quarter Fiscal 2013 vs. First Quarter Fiscal 2012

In the first quarter of fiscal 2013, revenue increased 8 percent to $318.5
million from revenue of $295.6 million in the first quarter of fiscal 2012.
Investment advisory and administrative fees were up 10 percent, reflecting a
15 percent increase in average assets under management and lower average
effective fee rates, primarily as a result of the Clifton acquisition.
Performance fees contributed $1.6 million and $0.3 million to investment
advisory and administrative fees in the first quarter of fiscal 2013 and the
first quarter of fiscal 2012, respectively. Distribution and service fees
were down 2 percent on a combined basis, reflecting lower managed assets in
fund share classes that are subject to distribution and service fees.

Expenses increased 7 percent to $217.8 million in the first quarter of fiscal
2013 from $202.8 million in the first quarter of fiscal 2012, reflecting
increases in compensation, distribution, fund-related and other expenses,
offset by lower service fees and reduced amortization of deferred sales
commissions. Increases in compensation expense reflect increases in sales- and
operating income-based incentives, higher employee headcount and increases in
base salaries and benefits, offset by a decrease in stock-based compensation.
Gross sales and other inflows, which drive sales-based incentives, were up 69
percent year-over-year, while pre-bonus adjusted operating income, which
drives operating-income based incentives, was up 8 percent over the same
period. The decrease in stock-based compensation reflects revised retirement
provisions of newly granted employee stock options. The increase in
distribution expense reflects an increase in commissions paid on certain Class
A share fund sales and marketing support payments made to third-party
intermediaries, offset by a decrease in promotional expenses. The increase in
fund-related expenses can be attributed to an increase in expenses borne by
the Company on funds for which it receives an all-in fee partly offset by
lower fund subsidies on start-up funds. Other expenses increased 6 percent
from the prior year, as increases in information technology and professional
fees were offset by a decrease in facilities-related expenses. The decrease
in service fee expense and amortization of deferred sales commissions largely
reflects changes in product mix away from fund share classes to which these
expenses apply.

Operating income was up 8 percent to $100.7 million in the first quarter of
fiscal 2013 from $92.8 million in the first quarter of fiscal 2012.

Non-operating expense was $5.8 million in the first quarter of fiscal 2013
compared to net non-operating income of $5.7 million in the first quarter of
fiscal 2012. The decrease in non-operating income (expense) reflects an $8.5
million decrease in gains and other investment income recognized by the
Company's consolidated collateralized loan obligation entity ("CLO") and a
$3.0 million decrease in gains and other investment income earned on the
Company's investments in sponsored products.

The Company's effective tax rate, calculated as a percentage of income before
income taxes and equity in net income of affiliates, was 37.9 percent in the
first quarter of fiscal 2013. Excluding the impact of CLO entity income
(expense) borne by other beneficial interest holders, the Company's effective
tax rate was 36.7 percent for the quarter.

Equity in net income of affiliates increased $1.7 million from the first
quarter of fiscal 2012, and includes $2.0 million related to the Company's
interest in Hexavest.

Net income attributable to non-controlling and other beneficial interests was
$12.3 million in the first quarter of fiscal 2013 compared to $17.6 million in
the first quarter of fiscal 2012. As shown in Attachment 3, the change can be
primarily attributed to a decline in the financial performance of the
Company's consolidated CLO entity. Included in net income attributable to
non-controlling and other beneficial interests in the first quarter of fiscal
2013 and 2012 were $10.6 million and $8.1 million, respectively, of
non-controlling interest value adjustments relating to our Parametric
subsidiary, based on an annual December 31 enterprise value measurement.

Weighted average diluted shares outstanding increased 4.2 million shares, or 4
percent, in the first quarter of fiscal 2013 over the first quarter of fiscal
2012. The change reflects an increase in the total number of shares
outstanding due toexercise of employee stock options and an increase in the
dilutive effectof in-the-money options resulting fromthe 32 percent increase
in the average share price over the prior year period.

First Quarter Fiscal 2013 vs. Fourth Quarter Fiscal 2012

In the first quarter of fiscal 2013, revenue increased 3 percent to $318.5
million from revenue of $309.9 million in the fourth quarter of fiscal 2012.
Investment advisory and administrative fees were up 3 percent in the first
quarter of fiscal 2013 compared to the fourth quarter of fiscal 2012,
reflecting a 10 percent increase in average assets under management and lower
average effective fee rates, primarily as a result of the Clifton acquisition.
Performance fees contributed $1.6 million and $3.7 million to investment
advisory and administrative fees in the first quarter of fiscal 2013 and the
fourth quarter of fiscal 2012, respectively. Distribution and service fee
revenue increased 1 percent on a combined basis, reflecting an increase in
average managed assets in fund share classes that are subject to such
fees.

Expenses increased 7 percent to $217.8 million in the first quarter of fiscal
2013 from $203.5 million in the fourth quarter of fiscal 2012, reflecting
increases in compensation, distribution, fund-related and other expenses,
higher amortization of deferred sales commissions and a decrease in service
fee expense. The increase in compensation expense reflects an increase in
headcount, higher base salaries and benefits, and increases in sales-based
incentives. Gross sales and other inflows, which drive sales-based incentives,
were up 35 percent in the first quarter of fiscal 2013 compared to the fourth
quarter of fiscal 2012. The increase in distribution expense primarily
reflects an increase in marketing support payments made to third-party
intermediaries and an increase in commissions paid on certain Class A share
fund sales. The increase in amortization of deferred sales commissions largely
reflects an increase in Class C share amortization. Fund-related expenses
increased 7 percent from the fourth quarter of fiscal 2012 due to higher
expenses borne by the Company on funds for which it receives an all-in fee, as
well as an increase in sub-advisory fees paid.

Operating income was down 5 percent to $100.7 million in the first quarter of
fiscal 2013 from $106.3 million in the fourth quarter of fiscal 2012.

Non-operating expense was $5.8 million in the first quarter of fiscal 2013
compared to net non-operating income of $4.0 million in the fourth quarter of
fiscal 2012. The decrease in non-operating income (expense) is primarily
attributable to a $10.9 million decrease in gains and other investment income
recognized by the Company's consolidated CLO entity and a $0.3 million
decrease in gains and other investment income earned on the Company's
investments in sponsored products, offset by a $1.4 million decrease in
interest expense recognized by the Company's consolidated CLO entity.

Equity in net income of affiliates increased by $1.4 million in the first
quarter of fiscal 2013 compared to the fourth quarter of fiscal 2012,
primarily reflecting an increase in the equity in net income related to the
Company's investments in sponsored products. Equity in net income of
affiliates for the first quarter of fiscal 2013 and the fourth quarter of
fiscal 2012 includes $2.0 million and $1.9 million, respectively,related to
Hexavest.

Net income attributable to non-controlling and other beneficial interests
totaled $12.3 million in the first quarter of fiscal 2013 and $21.3 million in
the fourth quarter of fiscal 2012. As shown in Attachment 3, the decrease can
be primarily attributed to a decrease in the financial performance of the
Company's consolidated CLO entity. Included in net income attributable to
non-controlling and other beneficial interests in the first quarter of fiscal
2013 and the fourth quarter of fiscal 2012 were $10.6 million and $9.9 million
of non-controlling interest value adjustments relating, respectively, to our
Parametric and Atlanta Capital subsidiaries based on a December 31 and October
31 enterprise value measurement.

Weighted average diluted shares outstanding increased 3.6 million shares, or 3
percent, in the first quarter of fiscal 2013 over the fourth quarter of fiscal
2012. The change reflects an increase in the total number of shares
outstanding due to exercise of employee stock optionsand an increase in the
dilutive effect of in-the-money options resulting fromthe 13 percent increase
in the average share price over the prior quarter.

Balance Sheet Information

Cash and cash equivalents totaled $218.3 million on January 31, 2013, with no
outstanding borrowings against the Company's $300 million credit facility.
The Company paid a special dividend of $1.00 per share, which totaled $119.8
million, in the first quarter of fiscal 2013. During the first quarter of
fiscal 2013, the Company used $13.3 million to repurchase and retire
approximately 0.5 million shares of its Non-Voting Common Stock under its
repurchase authorization. Approximately 3.5 million shares of the current 8.0
million share repurchase authorization remains unused.

Conference Call Information

Eaton Vance Corp. will host a conference call and webcast at 11:00 AM EST
today to discuss the financial results for the three months ended January 31,
2013. To participate in the conference call, please call 877-407-0778
(domestic) or 201-689-8565 (international) and refer to "Eaton Vance Corp.
First Quarter Earnings." A webcast of the conference call can also be accessed
via Eaton Vance's website, www.eatonvance.com.

A replay of the call will be available for one week by calling 877-660-6853
(domestic) or 201-612-7415 (international) or by accessing Eaton Vance's
website, www.eatonvance.com. Listeners to the telephone replay must enter the
confirmation code 408769.

About Eaton Vance Corp.

Eaton Vance Corp. is one of the oldest investment management firms in the
United States, with a history dating back to 1924. Eaton Vance and its
affiliates offer individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long record of
providing exemplary service, timely innovation and attractive returns through
a variety of market conditions has made Eaton Vance the investment manager of
choice for many of today's most discerning investors. For more information
about Eaton Vance, visit www.eatonvance.com.

Forward-Looking Statements

This news release may contain statements that are not historical facts,
referred to as "forward-looking statements." The Company's actual future
results may differ significantly from those stated in any forward-looking
statements, depending on factors such as changes in securities or financial
markets or general economic conditions, client sales and redemption activity,
the continuation of investment advisory, administration, distribution and
service contracts, and other risks discussed in the Company's filings with the
Securities and Exchange Commission.

^(1)Although the Company reports its financial results in accordance with
GAAP, management believes that certain non-GAAP financial measures, while not
a substitute for GAAP financial measures, may be effective indicators of the
Company's performance over time. Adjusted net income and adjusted earnings per
diluted share reflect the add back of adjustments in connection with changes
in the estimated redemption value of non-controlling interests in our
affiliates redeemable at other than fair value ("non-controlling interest
value adjustments"), closed-end structuring fees and other items management
deems non-recurring or non-operating, such as special dividends. See
reconciliation provided in Attachment 2 for more information on adjusting
items.





                                                       Attachment 1
Eaton Vance Corp.
Summary of Results of Operations
(in thousands, except per share figures)
                   Three Months Ended
                                                       %Change    %Change
                   January 31, October 31, January 31, Q12013vs. Q12013vs.
                   2013        2012        2012        Q4 2012     Q1 2012
Revenue:
  Investment
  advisory and     $  263,281  $  255,063  $  239,452  3       %   10      %
  administrative
  fees
  Distribution and    22,751      22,278      22,515   2           1
  underwriter fees
  Service fees        31,130      31,221      32,299   -           (4)
  Other revenue       1,355       1,327       1,340    2           1
    Total revenue     318,517     309,889     295,606  3           8
Expenses:
  Compensation and    108,829     96,446      96,683   13          13
  related costs
  Distribution        33,889      32,956      32,328   3           5
  expense
  Service fee         28,264      28,559      28,673   (1)         (1)
  expense
  Amortization of
  deferred sales      4,783       4,495       5,820    6           (18)
  commissions
  Fund-related        7,424       6,929       6,651    7           12
  expenses
  Other expenses      34,648      34,159      32,631   1           6
    Total expenses    217,837     203,544     202,786  7           7
Operating income      100,680     106,345     92,820   (5)         8
Non-operating
income (expense):
  Gains and other
  investment          5,207       5,517       8,177    (6)         (36)
  income, net
  Interest expense    (8,570)     (8,580)     (8,413)  -           2
  Other income
  (expense) of
  consolidated CLO
  entity:
     Gains and
    other             1,793       12,659      10,280   (86)        (83)
    investment
    income, net
     Interest     (4,221)     (5,603)     (4,311)  (25)        (2)
    expense
    Total
    non-operating     (5,791)     3,993       5,733    NM          NM
    (expense)
    income
Income before
income taxes and
equity in net
 income of          94,889      110,338     98,553   (14)        (4)
affiliates
Income taxes          (35,939)    (37,655)    (35,187) (5)         2
Equity in net
income of             3,177       1,758       1,504    81          111
affiliates, net of
tax
Net income            62,127      74,441      64,870   (17)        (4)
Net income
attributable to
non-controlling
 and other
beneficial            (12,322)    (21,323)    (17,599) (42)        (30)
interests
Net income
attributable to
 Eaton Vance     $  49,805   $  53,118   $  47,271   (6)         5
Corp. Shareholders
Earnings per
share:
  Basic            $  0.39     $  0.46     $  0.41     (15)        (5)
  Diluted          $  0.38     $  0.45     $  0.40     (16)        (5)
Weighted average
shares
outstanding:
  Basic               114,925     112,504     112,768  2           2
  Diluted             119,112     115,524     114,901  3           4
Dividends declared $  1.20     $  0.20     $  0.19     500         532
per share





                                              Attachment 2
Eaton Vance Corp.
Reconciliation of net income attributable to Eaton Vance Corp.
shareholders to adjusted net income attributable to Eaton Vance
-Corp. shareholders and earnings per diluted share to adjusted earnings per
diluted share
                          Three Months Ended
                                                       % Change    % Change
                          January    October  January  Q12013vs. Q12013vs.
                          31,        31,      31,
(in thousands, except per 2013       2012     2012     Q4 2012     Q1 2012
share figures)
Net income attributable
to Eaton Vance Corp.      $  49,805  $ 53,118 $ 47,271 (6)     %   5       %
shareholders
Non-controlling interest     10,647    9,870    8,102  8           31
value adjustments
Adjusted net income
attributable to Eaton     $  60,452  $ 62,988 $ 55,373 (4)         9
Vance Corp. shareholders
Earnings per diluted      $  0.38    $ 0.45   $ 0.40   (16)        (5)
share
Non-controlling interest     0.09      0.08     0.07   13          29
value adjustments
Special dividend             0.03      -        -      NM          NM
adjustment
Adjusted earnings per     $  0.50    $ 0.53   $ 0.47   (6)         6
diluted share





                                                       Attachment 3
Eaton Vance Corp.
Components of net income attributable
to non-controlling and other beneficial interests
                                           Three Months Ended
                                           January 31, October 31, January 31,
(in thousands)                             2013        2012        2012
 Consolidated funds                        $  (1,106)  $  (1,186)  $  (1,146)
 Majority-owned subsidiaries                  (3,899)     (4,053)     (3,360)
 Non-controlling interest value               (10,647)    (9,870)     (8,102)
 adjustments
 Consolidated CLO entity                      3,330       (6,214)     (4,991)
 Net income attributable to
 non-controlling
         and other beneficial interests    $  (12,322) $  (21,323) $  (17,599)





                                                                 Attachment 4
Eaton Vance Corp.
Balance Sheet
(in thousands, except per share figures)
                                                   January31,     October31,
                                                   2013            2012
Assets
Cash and cash equivalents                        $ 218,283       $ 462,076
Investment advisory fees and other receivables     148,648         133,589
Investments                                        482,329         486,933
Assets of consolidated collateralized loan
obligation ("CLO") entity:
 Cash and cash equivalents                48,296          36,758
 Bank loans and other investments         380,672         430,583
 Other assets                             870             1,107
Deferred sales commissions                         18,742          19,336
Deferred income taxes                              52,861          51,234
Equipment and leasehold improvements, net          52,911          54,889
Intangible assets, net                             81,610          59,228
Goodwill                                           227,623         154,636
Other assets                                       90,688          89,122
 Total assets                                  $ 1,803,533     $ 1,979,491
Liabilities, Temporary Equity and Permanent
Equity
Liabilities:
Accrued compensation                             $ 60,360        $ 145,338
Accounts payable and accrued expenses              65,090          59,397
Dividend payable                                   -               23,250
Debt                                               500,000         500,000
Liabilities of consolidated CLO entity:
 Senior and subordinated note             411,583         446,605
obligations
 Other liabilities                        628             766
Other liabilities                                  98,646          91,785
 Total liabilities                               1,136,307       1,267,141
Commitments and contingencies
Temporary Equity:
Redeemable non-controlling interests               89,918          98,765
 Total temporary equity                   89,918          98,765
Permanent Equity:
Voting Common Stock, par value $0.00390625 per
share:
 Authorized, 1,280,000 shares
 Issued, 399,240 and 413,167 shares,             2               2
respectively
Non-Voting Common Stock, par value $0.00390625
per share:
 Authorized, 190,720,000 shares
 Issued, 120,049,619 and 115,878,384 shares,     469             453
respectively
Additional paid-in capital                         93,534          26,730
Notes receivable from stock option exercises       (7,688)         (4,155)
Accumulated other comprehensive income             1,596           3,923
Appropriated retained earnings                     15,369          18,699
Retained earnings                                  472,587         566,420
 Total Eaton Vance Corp. shareholders' equity    575,869         612,072
Non-redeemable non-controlling interests           1,439           1,513
 Total permanent equity                          577,308         613,585
Total liabilities, temporary equity and          $ 1,803,533     $ 1,979,491
permanent equity





                                                               Attachment 5
Eaton Vance Corp.
Consolidated Net Flows by Investment Mandate^(1)
(in millions)
                                 Three Months Ended
                                 January 31,     October 31,     January 31,
                                 2013           2012            2012
Equity assets - beginning of     $  80,782       $   80,260      $   84,281
period^(2)
     Sales and other inflows        4,496          3,828           4,777
     Redemptions/outflows           (4,959)         (5,902)         (6,476)
     Net flows                      (463)           (2,074)         (1,699)
     Assets acquired^(3)            1,572          -               -
     Exchanges                      (8)             48              (8)
     Market value change            4,635          2,548           2,383
Equity assets - end of period    $  86,518       $   80,782      $   84,957
Fixed income assets - beginning     49,003         48,198          43,708
of period
     Sales and other inflows        3,377          3,140           2,627
     Redemptions/outflows           (3,375)         (2,752)         (2,453)
     Net flows                      2              388             174
     Assets acquired^(3)            472            -               -
     Exchanges                      (22)            13              40
     Market value change            224            404             1,592
Fixed income assets - end of     $  49,679       $   49,003      $   45,514
period
Floating-rate income assets -
beginning
     of period                      26,388         25,245          24,322
     Sales and other inflows        3,260          2,188           1,460
     Redemptions/outflows           (1,359)         (1,387)         (1,289)
     Net flows                      1,901          801             171
     Exchanges                      33             21              (8)
     Market value change            334            321             (109)
Floating-rate income assets -    $  28,656       $   26,388      $   24,376
end of period
Alternative assets - beginning     12,864         10,612          10,650
of period
     Sales and other inflows        1,809          3,167           1,105
     Redemptions/outflows           (1,055)         (909)           (1,202)
     Net flows                      754            2,258           (97)
     Assets acquired^(3)            650            -               -
     Exchanges                      (13)            (19)            (38)
     Market value change            90             13              (53)
Alternative assets - end of      $  14,345       $   12,864      $   10,462
period
Implementation services assets      30,302         28,323          24,574
- beginning of period^(4)
     Sales and other inflows        6,479          2,115           1,527
     Redemptions/outflows           (3,316)         (1,320)         (1,196)
     Net flows                      3,163          795             331
     Assets acquired^(3)            32,064         -               -
     Market value change            2,891          1,184           959
Implementation services assets - $  68,420       $   30,302      $   25,864
end of period
Long-term assets - beginning of     199,339        192,638         187,535
period
     Sales and other inflows        19,421         14,438          11,496
     Redemptions/outflows           (14,064)        (12,270)        (12,616)
     Net flows                      5,357          2,168           (1,120)
     Assets acquired^(3)            34,758         -               -
     Exchanges                      (10)            63              (14)
     Market value change            8,174          4,470           4,772
Total long-term assets - end of  $  247,618      $   199,339     $   191,173
period
Cash management fund assets -       155            169             533
end of period
Total assets under management -  $  247,773      $   199,508     $   191,706
end of period
^(1) Consolidated Eaton Vance Corp. See Attachment 9 for managed assets and
flows of 49 percent-owned Hexavest Inc.
^(2) Balances include assets in balanced accounts holding income securities.
^(3) Balances represent Clifton assets acquired on December 31, 2012.
^(4) Balances represent amounts reclassified from equity for all periods
presented.





                                                       Attachment 6
Eaton Vance Corp.
Consolidated Net Flows by Investment Vehicle^(1)
(in millions)
                                   Three Months Ended
                                   January 31,     October 31,     January 31,
                                   2013           2012            2012
Long-term fund assets -            $  113,249      $   110,257     $  111,705
beginning of period
      Sales and other inflows         9,079          7,261          6,905
      Redemptions/outflows            (6,876)         (6,410)        (8,113)
      Net flows                       2,203          851            (1,208)
      Assets acquired^(2)             638            -              -
      Exchanges                       (19)            -              (14)
      Market value change             3,091          2,141          2,181
Long-term fund assets - end of     $  119,162      $   113,249     $  112,664
period
Institutional separate account        43,338         40,285         38,003
assets - beginning of period
      Sales and other inflows         6,785          5,149          1,824
      Redemptions/outflows            (3,821)         (3,535)        (2,215)
      Net flows                       2,964          1,614          (391)
      Assets acquired^(2)             34,120         -              -
      Exchanges                       5              27             (29)
      Market value change             2,923          1,412          1,143
Institutional separate account     $  83,350       $   43,338      $  38,726
assets - end of period
High-net-worth separate account       15,036         14,682         13,256
assets - beginning of period
      Sales and other inflows         1,379          498            1,021
      Redemptions/outflows            (1,198)         (657)          (552)
      Net flows                       181            (159)          469
      Exchanges                       (15)            9              (957)
      Market value change             1,043          504            487
High-net-worth separate account    $  16,245       $   15,036      $  13,255
assets - end of period
Retail managed account assets -       27,716         27,414         24,571
beginning of period
      Sales and other inflows         2,178          1,530          1,746
      Redemptions/outflows            (2,169)         (1,668)        (1,736)
      Net flows                       9              (138)          10
      Exchanges                       19             27             986
      Market value change             1,117          413            961
Retail managed account assets -    $  28,861       $   27,716      $  26,528
end of period
Total long-term assets -              199,339        192,638        187,535
beginning of period
      Sales and other inflows         19,421         14,438         11,496
      Redemptions/outflows            (14,064)        (12,270)       (12,616)
      Net flows                       5,357          2,168          (1,120)
      Assets acquired^(2)             34,758         -              -
      Exchanges                       (10)            63             (14)
      Market value change             8,174          4,470          4,772
Total long-term assets - end of    $  247,618      $   199,339     $  191,173
period
Cash management fund assets - end     155              169            533
of period
Total assets under management -    $  247,773      $   199,508     $  191,706
end of period
^(1) Consolidated Eaton Vance Corp. See Attachment 9 for managed assets and
flows of 49 percent-owned Hexavest Inc.
^(2) Balances represent Clifton assets acquired on December 31, 2012.





                                            Attachment 7
Eaton Vance Corp.
ConsolidatedAssets under Management by Investment Affiliate ^ (1)
(in millions)
                        Three Months Ended
                             January 31,            October          January
                                                    31,              31,
                             2013                  2012             2012
Eaton Vance             $    134,554            $   131,004      $   133,538
Management^(2)
Parametric                   96,725               53,332           44,179
Atlanta Capital              16,494               15,172           13,989
Total                   $    247,773            $   199,508      $   191,706
^(1) Consolidated Eaton Vance Corp. See Attachment 9 for managed assets and
flows of 49 percent-owned Hexavest.
^(2) Includes managed assets of wholly owned subsidiaries Eaton Vance
Investment Counsel and Fox Asset Management LLC, as well as certain Eaton
Vance-sponsored funds and accounts managed by Hexavest and unaffiliated
third-party advisors under Eaton Vance supervision.





                                                              Attachment 8
Eaton Vance Corp.
Consolidated Assets under Management by Investment Mandate^(1)
(in millions)
                    January 31,     October 31,    %       January 31,  %
                    2013           2012           Change  2012         Change
Equity^(2)          $   86,518      $   80,782     7%      $  84,957    2%
Fixed income            49,679        49,003     1%         45,514    9%
Floating-rate           28,656        26,388     9%         24,376    18%
income
Alternative             14,345        12,864     12%        10,462    37%
Implementation          68,420        30,302     126%       25,864    165%
services
Cash management         155           169        -8%        533       -71%
Total               $   247,773     $   199,508    24%     $  191,706   29%
^(1) Consolidated Eaton Vance Corp. See Attachment 9 for managed assets and
flows of 49 percent-owned Hexavest Inc.
^(2) Balances include assets in balanced accounts holding income securities.





                                                                Attachment 9
Eaton Vance Corp.
Hexavest Inc. Assets under Management and Net Flows
(in millions)
                     Three Months Ended January 31, 2013
                                                Eaton Vance-Distributed
                                                           Eaton Vance-
                               Hexavest         Eaton      Distributed   Total
                                                Vance-
                               Directly         Sponsored  Separate      EatonVance-
                     Total     Distributed^(1)  Funds^(2)  Accounts^(3)  Distributed
Managed assets -     $ 12,110  $     12,073     $    37    $    -        $   37
beginning of period
 Sales and       2,162         920             94       1,148      1,242
other inflows
                 (268)         (263)           (5)       -          (5)
Redemptions/outflows
 Net flows       1,894         657             89       1,148      1,237
 Market value    540           494             9        37         46
change
Managed assets - end $ 14,544  $     13,224     $    135   $    1,185    $   1,320
of period
          Managed assets and flows of pre-transaction Hexavest clients and
^(1)      post-transaction Hexavest clients in Canada. Eaton Vance receives no
          management or distribution revenue on these assets, which are not included
          in the Eaton Vance consolidated results in Attachments 5, 6, 7 and 8.
          Managed assets and flows of Eaton Vance-sponsored pooled investment
          vehicles for which Hexavest is advisor or sub-advisor. Eaton Vance
^(2)      receives management and/or distribution revenue on these assets, which are
          included in the Eaton Vance consolidated results in Attachments 5, 6, 7 and
          8.
          Managed assets and flows of Eaton Vance-distributed separate accounts
^(3)      managed by Hexavest. Eaton Vance receives distribution, but not
          management, revenue on these assets, which are not included in the Eaton
          Vance consolidated results in Attachments 5, 6, 7 and 8.





SOURCE Eaton Vance Corp.

Website: http://www.eatonvance.com
Contact: Laurie G. Hylton, +1-617-672-8527 or Daniel C. Cataldo,
+1-617-672-8952