Overview

 

Growth of $10,000

10-year period ended 6/30/14

  • Class A at NAV

Average Annual Returns (%) as of Jun 30, 2014

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
08/31/2014
Fund at NAV 3.15 3.89 9.01 20.58 14.36 11.61 8.09
Fund w/Max Sales Charge -2.76 -2.09 2.70 13.67 12.12 10.30 7.44
S&P 500 Index1 4.00 4.69 9.89 25.25 20.59 16.87 8.37
Barclays U.S. Aggregate Bond Index2 1.10 0.90 4.81 5.66 2.91 4.48 4.72
06/30/2014
Fund at NAV 2.19 4.80 7.23 20.66 12.07 13.49 7.57
Fund w/Max Sales Charge -3.69 -1.27 1.02 13.76 9.86 12.14 6.94
S&P 500 Index1 2.07 5.23 7.14 24.61 16.57 18.82 7.78
Barclays U.S. Aggregate Bond Index2 0.05 2.04 3.93 4.37 3.66 4.85 4.93
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than one year is cumulative. Max Sales Charge: 5.75%.

Fund Facts as of Aug 31, 2014

Class A Inception 04/01/1932
Investment Objective Current income and long-term growth of capital
Total Net Assets $264.6M
Minimum Investment $1000
Expense Ratio3 1.14%
CUSIP 277905865

Top 10 Holdings (%)4,5 as of Jun 30, 2014

Apple Inc
JPMorgan Chase & Co
Schlumberger Ltd
Merck & Co Inc
Devon Energy Corp
Bank of America Corp
Home Depot Inc
Verizon Communications Inc
Citigroup Inc
United States Treasury Note/Bond
Total 14.57


Portfolio Management

Charles Gaffney Managed Fund since 2009
Thomas H. Luster, CFA Managed Fund since 2010
Bernard Scozzafava, CFA Managed Fund since 2010

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund primarily invests in one or more affiliated investment companies (Portfolios) and may also invest directly. Unless otherwise noted, references to investments are to the aggregate holdings of the Fund, including its pro rata share of each Portfolio or Fund in which it invests.

About Risk 

Fund share values are sensitive to stock market volatility. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non–payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Performance

Average Annual Returns (%) as of Jun 30, 2014

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
08/31/2014
Fund at NAV 3.15 3.89 9.01 20.58 14.36 11.61 8.09
Fund w/Max Sales Charge -2.76 -2.09 2.70 13.67 12.12 10.30 7.44
S&P 500 Index1 4.00 4.69 9.89 25.25 20.59 16.87 8.37
Barclays U.S. Aggregate Bond Index2 1.10 0.90 4.81 5.66 2.91 4.48 4.72
Morningstar™ Moderate Allocation Category6 2.40 2.45 6.40 15.49 11.87 10.96 6.70
06/30/2014
Fund at NAV 2.19 4.80 7.23 20.66 12.07 13.49 7.57
Fund w/Max Sales Charge -3.69 -1.27 1.02 13.76 9.86 12.14 6.94
S&P 500 Index1 2.07 5.23 7.14 24.61 16.57 18.82 7.78
Barclays U.S. Aggregate Bond Index2 0.05 2.04 3.93 4.37 3.66 4.85 4.93
Morningstar™ Moderate Allocation Category6 1.52 3.60 5.41 16.03 9.61 12.57 6.44
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than one year is cumulative. Max Sales Charge: 5.75%.

Calendar Year Returns (%)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Fund at NAV 11.57 5.35 14.47 16.10 -30.27 22.99 8.92 1.31 11.50 20.96
S&P 500 Index1 10.88 4.91 15.79 5.49 -37.00 26.46 15.06 2.11 16.00 32.39
Barclays U.S. Aggregate Bond Index2 4.34 2.43 4.33 6.97 5.24 5.93 6.54 7.84 4.21 -2.02

Fund Facts

Expense Ratio3 1.14%
Class A Inception 04/01/1932
Distribution Frequency Quarterly


Risk Measures (3 Year)7 as of Aug 31, 2014

Alpha (%) 0.78
Beta 0.67
R-Squared (%) 96.29
Standard Deviation (%) 7.88
Sharpe Ratio 1.81


Morningstar™ Ratings as of Aug 31, 2014

Time Period Rating Rating (Load Waived) Funds in
Moderate Allocation
Category
Overall **** **** 739
3 Years *** **** 739
5 Years *** **** 653
10 Years **** **** 423
Based on Risk-Adjusted Returns.

The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.

© 2014 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers is responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in the same category. This measure takes into account variations in a fund's monthly performance after adjusting for sales loads (except for load-waived A shares) redemption fees, and the risk-free rate, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. Load-waived A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load. The Morningstar Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structure.

NAV History

Date NAV NAV Change
Sep 18, 2014 $8.94 $0.04
Sep 17, 2014 $8.90 $0.00
Sep 16, 2014 $8.90 $0.04
Sep 15, 2014 $8.86 $-0.01
Sep 12, 2014 $8.87 $-0.05
Sep 11, 2014 $8.92 $0.01
Sep 10, 2014 $8.91 $0.01
Sep 09, 2014 $8.90 $-0.23
Sep 08, 2014 $9.13 $-0.03
Sep 05, 2014 $9.16 $0.03

Distribution History8

Ex-Date Distribution Reinvest NAV
Sep 09, 2014 $0.02590 $8.90
Jun 10, 2014 $0.02370 $8.93
Mar 11, 2014 $0.03590 $8.63
Dec 19, 2013 $0.02330 $8.33
Sep 10, 2013 $0.02080 $8.39
Jun 11, 2013 $0.02660 $8.20
Mar 11, 2013 $0.03030 $8.00
Dec 19, 2012 $0.02860 $7.58
Sep 11, 2012 $0.02730 $7.56
Jun 11, 2012 $0.03070 $7.07
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
Fund prospectus

Capital Gain History8

Ex-Date Short-Term Long-Term Reinvest NAV
Sep 09, 2014 $0.04990 $0.10770 $8.90
Dec 19, 2013 $0.17450 $0.40280 $8.33
No records in this table indicates that there has not been a capital gain greater than .0001 within the past 3 years.
Fund prospectus

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is as of month-end for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. For the Eaton Vance Fund's performance as of the most recent month end, please refer to eatonvance.com. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns shown at NAV unless noted otherwise. Returns for other classes of shares offered by the Fund are different. It is not possible to invest in an index.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund primarily invests in one or more affiliated investment companies (Portfolios) and may also invest directly. Unless otherwise noted, references to investments are to the aggregate holdings of the Fund, including its pro rata share of each Portfolio or Fund in which it invests.

About Risk 

Fund share values are sensitive to stock market volatility. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non–payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Portfolio

Asset Mix (%)4 as of Jun 30, 2014

U.S. Common Stocks 67.77
U.S. Corporate Bonds 8.91
U.S. Govt Agency Mortgage Backed Securities 6.30
U.S. Treasuries 4.12
Foreign Common Stocks and ADR's 3.92
Foreign Corporate Bonds 2.74
U.S. Commercial Mortgage Backed Securities 2.59
Other Net Assets 2.11
Asset Backed Securities 1.64
Cash & Equivalents -0.11
Total 100.00

Portfolio Statistics as of Jun 30, 2014

Average Maturity 8.80 yrs.


GICS Sector Breakdown (%)9 as of Jun 30, 2014

Sector Fund S&P 500 Index1
Consumer Discretionary 12.80 11.85
Consumer Staples 8.80 9.51
Energy 10.96 10.86
Financials 15.75 16.05
Health Care 13.46 13.32
Industrials 10.39 10.51
Information Technology 18.54 18.83
Materials 3.42 3.51
Telecom Services 2.31 2.41
Utilities 3.16 3.15
Cash 0.41 0.00


Fund Holdings4,10 as of Jul 31, 2014

Holding Coupon Rate Maturity Date % of Net Assets
EV Cash Reserves Fund 0.12% 07/31/2014 3.06%
Apple Inc 0.00% 2.85%
JPMorgan Chase & Co 0.00% 1.43%
Merck & Co Inc 0.00% 1.23%
United States Treasury Note/Bond 4.00% 02/15/2015 1.21%
Schlumberger Ltd 0.00% 1.20%
Verizon Communications Inc 0.00% 1.19%
Citigroup Inc 0.00% 1.17%
Devon Energy Corp 0.00% 1.16%
Home Depot Inc 0.00% 1.16%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund primarily invests in one or more affiliated investment companies (Portfolios) and may also invest directly. Unless otherwise noted, references to investments are to the aggregate holdings of the Fund, including its pro rata share of each Portfolio or Fund in which it invests.

About Risk 

Fund share values are sensitive to stock market volatility. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non–payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Insights & Analysis

Quarterly Commentary

No commentary information is available.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund primarily invests in one or more affiliated investment companies (Portfolios) and may also invest directly. Unless otherwise noted, references to investments are to the aggregate holdings of the Fund, including its pro rata share of each Portfolio or Fund in which it invests.

About Risk 

Fund share values are sensitive to stock market volatility. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non–payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Attribution

No attribution information is available.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund primarily invests in one or more affiliated investment companies (Portfolios) and may also invest directly. Unless otherwise noted, references to investments are to the aggregate holdings of the Fund, including its pro rata share of each Portfolio or Fund in which it invests.

About Risk 

Fund share values are sensitive to stock market volatility. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non–payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Management

Biography
Charles Gaffney

Charles Gaffney

Vice President, Eaton Vance Management
Joined Eaton Vance 2003

Charles Gaffney is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s Global Core Team.

Charlie began his career in the investment management industry in 1996. Prior to joining Eaton Vance in 2003, he was employed at Brown Brothers Harriman as a sector portfolio manager and senior equity analyst and Morgan Stanley Dean Witter.

Charlie earned a B.A. from Bowdoin College in 1995 and an MBA from Fordham University in 2002.

Education
  • B.A. Bowdoin College
  • M.B.A. Graduate School of Business, Fordham University
Experience
  • Managed Fund since 2009
Biography
Thomas H. Luster, CFA

Thomas H. Luster, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 1995

Tom Luster is a vice president of Eaton Vance Management, director of Investment-Grade Fixed Income and portfolio manager on Eaton Vance's investment-grade fixed-income team.

Tom joined Eaton Vance in 1995. Prior to joining Eaton Vance, Tom was associated with Deloitte & Touche Consulting and the Naval Center for Space Technology.

Tom earned a B.S. in mechanical engineering from George Washington University and an M.B.A. in finance from the University of Chicago. He is a CFA charterholder. Tom is also a member of the Fixed Income Management Society of Boston and the Boston Security Analysts Society, and was formerly chairman and a Governor's appointee to the Board of Trustees of Health Care Security, which oversees the investment of Tobacco Litigation Settlement funds for the Commonwealth of Massachusetts.

Tom's commentary has appeared in The Wall Street Journal, Reuters, Investor's Business Daily and American Banker, and he has been featured on New England Cable News and Bloomberg Radio.

Education
  • B.S. George Washington University
  • M.B.A. Booth School of Business, University of Chicago
Experience
  • Managed Fund since 2010
Biography
Bernard Scozzafava, CFA

Bernard Scozzafava, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2006

Bernie Scozzafava is a vice president of Eaton Vance Management, director of Investment Grade Quantitative Research and portfolio manager on Eaton Vance's investment-grade fixed-income team.

Bernie Scozzafava is a vice president of Eaton Vance Management, director of Investment Grade Quantitative Research and portfolio manager on Eaton Vance's investment-grade fixed-income team.

Bernie earned a B.A. in economics and mathematics from Hamilton College and an M.S. from the MIT Sloan School of Management. He is a CFA charterholder (1992) and is a member of the Boston Security Analysts Society.

Education
  • B.S. Hamilton College
  • M.S. Sloan School of Management, Massachusetts Institute of Technology
Experience
  • Managed Fund since 2010
Other funds managed
 

Fund Literature

Fund Literature

Annual Report

Fact Sheet

Full Prospectus

Holdings-1st or 3rd fiscal quarters-www.sec.gov

SAI

Think Performance Think Eaton Vance

Semi-Annual Report

Summary Prospectus

XBRL


 

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    Symbol:  

    NAV as of