Valerie A. Mosley
About Valerie A. Mosley
Independent Trustee of Eaton Vance Senior Income Trust (EVF) since 2014; Class I Trustee with current term expiring 2026. Born in 1960; career investor and entrepreneur with prior senior roles at Wellington Management and PG Corbin; MBA from Wharton and BA from Duke; previously a CFA charterholder. Founder of Upward Wealth, Inc. (BrightUp) and Chairwoman/CEO of Valmo Ventures; current public company directorship at DraftKings (since Sep 2020).
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Wellington Management Company, LLP | Partner, SVP, Portfolio Manager & Investment Strategist | 1992–2012 | Senior investment leadership roles; multi-asset strategy experience |
| PG Corbin Asset Management | Chief Investment Officer | 1990–1992 | Led investment management; CIO responsibilities |
| Kidder Peabody | Institutional Corporate Bond Sales | 1986–1990 | Fixed income markets coverage |
External Roles
| Organization | Role | Tenure | Public/Private |
|---|---|---|---|
| Valmo Ventures | Chairwoman & CEO | Current | Private |
| Upward Wealth, Inc. (BrightUp) | Founder | Since 2020 | Private (fintech) |
| DraftKings, Inc. | Director | Since Sep 2020 | Public |
| Caribou Financial, Inc. | Board Member | Current | Private |
| Dynex Capital, Inc. | Director | 2013–2020 | Public (prior) |
| Groupon, Inc. | Director | 2020–2022 | Public (prior) |
| Envestnet, Inc. | Director | 2018–2024 | Public (prior) |
| Progress Investment Management Company | Director | Until 2020 | Private (prior) |
Board Governance
- Status: Noninterested (independent) Trustee under the Investment Company Act of 1940; EVF board comprises nine noninterested Trustees.
- Tenure and term: Trustee since 2014; Class I term through 2026.
- Committee assignments: Member—Portfolio Management Committee; Governance Committee; Contract Review Committee. Not on Audit or Closed-End Fund Committees.
- Board leadership: Acting Chairperson of the Board is Susan J. Sutherland.
- Meeting cadence and attendance: Fiscal year ended June 30, 2025—Board met 10 times; Audit (10), Contract Review (5), Governance (6), Portfolio Management (7), Compliance (8), Closed-End Fund Committee (4; predecessor Ad Hoc closed-end matters met 5). Each Trustee attended at least 75% of meetings; none attended the Fund’s 2024 Annual Meeting of Shareholders.
Fixed Compensation
- Structure: Noninterested Trustees receive cash retainers—$325,000 annual base; $82,500 committee service; +$15,000 if serving on four+ committees; +$35,000 per committee chair; +$150,000 for Chairperson of noninterested Trustees; plus out-of-pocket expenses. Pro rata fund-level allocation based on each fund’s average net assets across the 122-fund complex.
| Metric | Amount | Notes |
|---|---|---|
| EVF compensation (FY ended Jun 30, 2025) | $1,060 | Includes $74 of deferred compensation |
| Fund complex compensation (CY 2024) | $430,000 | Includes $30,000 of deferred compensation |
| Expense reimbursement (aggregate for Trustees, CY 2024) | $96,845 | Fund complex aggregate, not individual |
Performance Compensation
- No performance-based cash bonuses, equity awards (RSUs/PSUs), or options disclosed for Trustees; compensation is fixed cash-based retainers with optional deferral into Eaton Vance funds via the Trustees Deferred Compensation Plan.
| Element | Detail |
|---|---|
| Performance bonus | None disclosed for Trustees |
| Equity awards (RSUs/PSUs/options) | None disclosed for Trustees |
| Deferral plan | Trustees may defer fees into EV funds; payout tied to fund performance |
Other Directorships & Interlocks
- Public boards: DraftKings (current); prior—Dynex Capital, Groupon, Envestnet. No disclosed interlocks with EVF’s adviser (Eaton Vance/Morgan Stanley) or service providers.
- Private/Nonprofit: Caribou Financial (current); multiple nonprofit boards/endowments (not individually enumerated).
Expertise & Qualifications
- Deep investment management experience across public markets, fixed income, and multi-asset strategies; prior senior partner-level roles at Wellington.
- Fintech entrepreneurship (BrightUp), adding technology and financial wellness expertise.
- Education: BA, Duke University; MBA, The Wharton School; previously a CFA charterholder.
- Board-level governance experience across multiple public companies and investment organizations.
Equity Ownership
| Category | Ownership | Date |
|---|---|---|
| EVF shares held by Mosley | $0 (no EVF shares held) | As of Jul 29, 2025 |
| Aggregate dollar range across Eaton Vance family of funds | Over $100,000 | As of Jul 29, 2025 |
| Deferred compensation elections | $74 deferred (EVF FY25); $30,000 deferred (Fund Complex CY2024) | FY25/CY2024 |
Note: Trustees’ aggregate ownership across the complex may include holdings via the deferred compensation plan.
Governance Assessment
- Strengths: Independent status; extensive investment and governance background; active participation on Portfolio Management and Governance Committees—key for oversight of strategy, performance, and board composition.
- Alignment: No EVF share ownership as of Jul 29, 2025—while common across fund boards, this reduces direct “skin-in-the-game” alignment at the single-fund level; offset partially by aggregate complex exposure and deferrals.
- Engagement: Met minimum attendance thresholds (≥75%); however, absence from the 2024 Annual Meeting of Shareholders is a negative signal for shareholder-facing engagement.
- Compensation: Fixed cash retainer structure, with optional deferral—no performance-tied metrics or equity awards; minimizes pay-for-performance linkage but standard for independent trustees under the ’40 Act framework.
- Conflicts/Related-party exposure: No related-party transactions or director-affiliated dealings disclosed for Mosley; conflicts oversight channeled through the Contract Review Committee.
Red Flags
- No EVF-specific share ownership (potential alignment gap).
- Non-attendance at the 2024 Annual Meeting of Shareholders (shareholder engagement concern).