Eaton Vance 2021 Target Term Trust's investment objectives are current income and to return $9.85 per share to holders of Common Shares on or about the termination date, July 1, 2021. The objective to return the Trust's Original NAV is not an express or implied guarantee obligation of the Trust or any other entity. The Trust Seeks to generate current income from a diversified portfolio of short-maturity highyield bonds, which have historically produced higher income and lower correlation to interest-rate movements than higher-quality corporate bonds. The Trust Utilizes a target term structure aimed at limiting interest-rate risk, credit risk and market price volatility over the life of the Fund.