Overview

 

Historically, dividends have been an important source of return.1

Dividends may guard against inflation's impact on investor portfolios, while playing an important role in contributing to overall total return.

  • S&P 500 Index Total Return
  • S&P 500 Index Return without Dividends
  • Inflation

Not based on the return of any specific fund.

Average Annual Returns (%) as of Mar 31, 2014

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
Fund at NAV 1.15 1.76 1.76 17.09 12.22 16.16 9.86
Fund w/Max Sales Charge -4.65 -4.10 -4.10 10.35 10.03 14.78 9.21
S&P 500 Index2 0.84 1.81 1.81 21.86 14.64 21.14 7.41
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 Mar 31, 2014

Class A Inception 12/18/1981
Investment Objective Total return
Total Net Assets $1.1B
Minimum Investment $1000
Expense Ratio3 1.07%
CUSIP 277905832

Top 10 Holdings (%)4,5 as of Mar 31, 2014

Chevron Corp
Verizon Communications Inc
Apple Inc
Home Depot Inc
Merck & Co Inc
Altria Group Inc
Occidental Petroleum Corp
JPMorgan Chase & Co
Emerson Electric Co
Pfizer Inc
Total 26.43


Portfolio Management

Charles Gaffney Managed Fund since 2007

 

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

Fund share values are sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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 Mar 31, 2014

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
Fund at NAV 1.15 1.76 1.76 17.09 12.22 16.16 9.86
Fund w/Max Sales Charge -4.65 -4.10 -4.10 10.35 10.03 14.78 9.21
S&P 500 Index2 0.84 1.81 1.81 21.86 14.64 21.14 7.41
Morningstar™ Large Blend Category6 0.74 1.69 1.69 21.17 13.09 20.02 6.92
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 25.11 20.24 28.51 22.87 -37.56 12.88 9.02 1.12 13.50 25.40
S&P 500 Index2 10.88 4.91 15.79 5.49 -37.00 26.46 15.06 2.11 16.00 32.39

Fund Facts

Expense Ratio3 1.07%
Class A Inception 12/18/1981
Distribution Frequency Monthly

Yield Information7 as of Mar 31, 2014

Distribution Rate at NAV 1.32%
SEC 30 Day Yield 1.36%


Risk Measures (3 Year)8 as of Mar 31, 2014

Alpha -1.05
Beta 0.92
R-Squared 97.18
Standard Deviation 11.62
Sharpe Ratio 1.05


Morningstar™ Ratings as of Mar 31, 2014

Time Period Rating Rating (Load Waived) Funds in
Large Blend
Category
Overall * ** 1361
3 Years ** *** 1361
5 Years * * 1219
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.

© 2013 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
Apr 16, 2014 $13.52 $0.14
Apr 15, 2014 $13.38 $0.06
Apr 14, 2014 $13.32 $0.10
Apr 11, 2014 $13.22 $-0.11
Apr 10, 2014 $13.33 $-0.26
Apr 09, 2014 $13.59 $0.14
Apr 08, 2014 $13.45 $0.03
Apr 07, 2014 $13.42 $-0.16
Apr 04, 2014 $13.58 $-0.15
Apr 03, 2014 $13.73 $-0.01

Distribution History9

Ex-Date Distribution Reinvest NAV
Apr 09, 2014 $0.01500 $13.59
Mar 11, 2014 $0.01500 $13.52
Feb 11, 2014 $0.01500 $13.22
Jan 09, 2014 $0.01500 $13.37
Dec 19, 2013 $0.01500 $13.15
Nov 11, 2013 $0.01500 $12.95
Oct 09, 2013 $0.01500 $12.07
Sep 10, 2013 $0.01500 $12.28
Aug 09, 2013 $0.01500 $12.40
Jul 09, 2013 $0.01500 $12.24
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 History9

Ex-Date Short-Term Long-Term Reinvest NAV
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 invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

Fund share values are sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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 (%)4,10 as of Mar 31, 2014

U.S. Common Stocks 93.15
Foreign Common Stocks 6.36
Cash & Other Assets 0.49
Total 100.00

Portfolio Statistics as of Mar 31, 2014

Average Market Cap $108.6B
Price/Earnings Ratio 14.79
Number of Holdings 79
Price/Book Ratio 2.56


GICS Sector Breakdown (%)4,10 as of Mar 31, 2014

Sector Fund S&P 500 Index2
Consumer Discretionary 11.81 12.05
Consumer Staples 9.70 9.66
Energy 11.22 10.15
Financials 16.01 16.44
Health Care 12.51 13.37
Industrials 7.89 10.65
Information Technology 16.31 18.63
Materials 6.14 3.52
Telecom Services 4.25 2.45
Utilities 3.68 3.07
Cash 0.48 0.00

Assets by Country (%)4 as of Mar 31, 2014

United States 93.15
Sweden 2.06
France 1.97
Switzerland 1.83
Netherlands 0.51
United Kingdom 0.00
Cash & Other Assets 0.48
Total 100.00


Geographic Mix (%)4 as of Mar 31, 2014

North America 93.15
Europe 6.36
Cash & Other Assets 0.49
Total 100.00


Fund Holdings (%)4,11 as of Feb 28, 2014

Holding % of Net Assets
Pfizer Inc 3.31%
Chevron Corp 3.26%
Verizon Communications Inc 3.17%
Apple Inc 3.01%
Home Depot Inc 2.70%
Wells Fargo & Co 2.57%
Boeing Co 2.29%
Visa Inc 2.16%
JPMorgan Chase & Co 2.15%
LyondellBasell Industries NV 2.13%
View All

 

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

Fund share values are sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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 invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

Fund share values are sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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 invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

Fund share values are sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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

Charlie Gaffney is a vice president of Eaton Vance Management, director of equity research, portfolio manager on Eaton Vance's large-cap core/equity income team and a member of the firm's Equity Strategy Committee.

Charlie joined Eaton Vance in December 2003 as an equity analyst covering the global energy and utilities sectors. From 1997 to 2003, he was employed at Brown Brothers Harriman as a sector portfolio manager and senior equity analyst. Charlie began his investment career at Morgan Stanley Dean Witter.

Charlie is a member of the Eaton Vance Proxy Committee. He earned a B.A. from Bowdoin College in 1995 and an M.B.A. from Fordham University in 2002.

Education
  • B.A. Bowdoin College
  • M.B.A. Graduate School of Business, Fordham University
Experience
  • Managed Fund since 2007

Fund Literature

Fund Literature

Annual Report

Fact Sheet

Full Prospectus

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

Eaton Vance Announces Upcoming Retirement of Judith A. Saryan, CFA, and Changes to Eaton Vance Dividend Fund Portfolio Teams

SAI

Think Performance Think Eaton Vance

Semi-Annual Report

Summary Prospectus

Actively Managed Equities

XBRL


 

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