Overview

 

A focused portfolio the Eaton Vance way.

A focus on research and risk management.

Average Annual Returns (%) as of Mar 31, 2013

1 Month 3 Months YTD 1 Year 3 Years 5 Years Life of Fund
4/30/2013
Fund at NAV 2.57 7.26 12.71 18.93 — — 9.95
Fund w/Max Sales Charge -3.31 1.10 6.21 12.11 — — 6.97
Russell 1000 Value Index1 1.51 7.05 14.01 21.80 12.34 4.17 12.38
3/31/2013
Fund at NAV 4.10 9.89 9.89 16.06 — — 9.02
Fund w/Max Sales Charge -1.85 3.55 3.55 9.40 — — 5.95
Russell 1000 Value Index1 3.96 12.31 12.31 18.77 12.73 4.85 12.09
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 Apr 30, 2013

Class A Inception 03/07/2011
Investment Objective Total return
Total Net Assets of Fund $15.2M
Minimum Investment $1000
Expense Ratio (Gross)2 1.70%
Expense Ratio (Net)2,3 1.25%
CUSIP 277902532

Top 10 Holdings (%)4,5 as of Mar 31, 2013

Citigroup Inc
Marathon Oil Corp
JPMorgan Chase & Co
Boeing Co
Chevron Corp
Union Pacific Corp
Wells Fargo & Co
CVS Caremark Corp
Sempra Energy
Pfizer Inc
Total 41.42


Portfolio Management

John D. Crowley Managed Fund since inception
Michael R. Mach, CFA Managed Fund since inception
Matthew F. Beaudry, CMFC, CIMA Managed Fund since inception
Stephen J. Kaszynski, CFA Managed Fund since inception

 

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk 

Fund share values are sensitive to stock market volatility. 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.


1. Russell 1000 Value Index is an unmanaged index of U.S. large-cap value stocks. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund.
2. Source: Fund prospectus.
3. Net expense ratio reflects a contractual expense reimbursement that continues through 6/30/13. Without the reimbursement, performance would have been lower.
4. Percent of total net assets.
5. Top 10 holdings exclude cash and equivalents.

Performance

Average Annual Returns (%) as of Mar 31, 2013

1 Month 3 Months YTD 1 Year 3 Years 5 Years Life of Fund
4/30/2013
Fund at NAV 2.57 7.26 12.71 18.93 — — 9.95
Fund w/Max Sales Charge -3.31 1.10 6.21 12.11 — — 6.97
Russell 1000 Value Index1 1.51 7.05 14.01 21.80 12.34 4.17 12.38
3/31/2013
Fund at NAV 4.10 9.89 9.89 16.06 — — 9.02
Fund w/Max Sales Charge -1.85 3.55 3.55 9.40 — — 5.95
Russell 1000 Value Index1 3.96 12.31 12.31 18.77 12.73 4.85 12.09
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 (%)

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Fund at NAV — — — — — — — — — 17.62
Russell 1000 Value Index1 30.03 16.49 7.05 22.25 -0.17 -36.85 19.69 15.51 0.39 17.51

Fund Facts

Expense Ratio (Gross)2 1.70%
Expense Ratio (Net)2,3 1.25%
Class A Inception 03/07/2011
Distribution Frequency Annually


NAV History

Date NAV NAV Change
May 21, 2013 $12.58 $0.00
May 20, 2013 $12.58 $0.02
May 17, 2013 $12.56 $0.16
May 16, 2013 $12.40 $-0.07
May 15, 2013 $12.47 $0.09
May 14, 2013 $12.38 $0.17
May 13, 2013 $12.21 $0.03
May 10, 2013 $12.18 $0.01
May 09, 2013 $12.17 $-0.11
May 08, 2013 $12.28 $0.05

Distribution History6

Ex-Date Distribution Reinvest NAV
Dec 13, 2012 $0.14140 $10.54
Dec 21, 2011 $0.09970 $9.05
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 History6

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 www.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.

About Risk 

Fund share values are sensitive to stock market volatility. 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.


1. Russell 1000 Value Index is an unmanaged index of U.S. large-cap value stocks. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund.
2. Source: Fund prospectus.
3. Net expense ratio reflects a contractual expense reimbursement that continues through 6/30/13. Without the reimbursement, performance would have been lower.
6. A portion of the Fund's returns may be comprised of return of capital or short term capital gains. The Fund will determine the tax characteristics of all Fund distributions after the end of the calendar year and will provide shareholders such information at that time. Please consult your tax advisor for further information.

Portfolio

Asset Mix (%)4 as of Mar 31, 2013

U.S. Common Stocks 82.53
Foreign Common Stocks 14.77
Cash & Equivalents 2.70
Total 100.00

Portfolio Statistics as of Mar 31, 2013

Median Market Cap $48.9B
Price/Earnings Ratio 11.80
Number of Holdings 30
Price/Book Ratio 1.73


GICS Sector Breakdown (%)4 as of Mar 31, 2013

Sector Fund Russell 1000 Value Index1
Consumer Discretionary 8.34 8.31
Consumer Staples 7.41 7.40
Energy 16.60 15.80
Financials 25.56 27.55
Health Care 11.46 11.77
Industrials 8.28 9.08
Information Technology 5.62 6.67
Materials 4.04 3.59
Telecom Services 3.14 3.25
Utilities 6.84 6.59
Cash 2.71 0.00

Assets by Country (%)4 as of Mar 31, 2013

United States 82.53
Switzerland 8.75
Ireland 3.06
Netherlands 2.96
Cash 2.70
Total 100.00


Fund Holdings (%)4,7 as of Mar 31, 2013

Holding % of Net Assets
Citigroup Inc 4.64%
Marathon Oil Corp 4.48%
JPMorgan Chase & Co 4.45%
Boeing Co 4.21%
Chevron Corp 4.14%
Union Pacific Corp 4.06%
Wells Fargo & Co 4.05%
CVS Caremark Corp 4.02%
Sempra Energy 3.79%
Pfizer Inc 3.58%
View All

 

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk 

Fund share values are sensitive to stock market volatility. 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.


1. Russell 1000 Value Index is an unmanaged index of U.S. large-cap value stocks. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund.
4. Percent of total net assets.
7. The following list reflects unaudited securities holdings (excluding derivatives positions). Holdings information may differ if presented as of trade date. Due to rounding, holdings of less than 0.005% may show as 0.00%. Portfolio information subject to change due to active management.

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.

About Risk 

Fund share values are sensitive to stock market volatility. 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.

About Risk 

Fund share values are sensitive to stock market volatility. 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
John D. Crowley

John D. Crowley

Vice President, Eaton Vance Management
Joined Eaton Vance 1998

John Crowley is a vice president of Eaton Vance Management, a member of the Equity Strategy Committee and portfolio manager on Eaton Vance's large-cap value team. Additionally, John serves as lead portfolio manager on Eaton Vance's focused large-cap value team.

John began his career in the investment management industry in 1998 when he joined Eaton Vance.

John earned a B.A. and an M.A. from the Catholic University of America in Washington, D.C. and an M.B.A. from Babson College's Olin Graduate School of Business. He is a member of the CFA Institute and the Boston Security Analysts Society.

Education
  • B.A.,M.A. Catholic University of America
  • M.B.A. F.W. Olin Graduate School of Business, Babson College
Experience
  • Managed Fund since inception
 
Biography
Michael R. Mach, CFA

Michael R. Mach, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 1999

Mike Mach is a vice president of Eaton Vance Management, a member of the Equity Strategy Committee and lead portfolio manager of Eaton Vance's large-cap value team.

Mike's experience in the investment management industry dates to 1976. Prior to joining Eaton Vance in 1999, Mike was a portfolio manager with Putnam Investments, Freedom Capital and Delaware Investment Advisers.

Mike earned a B.B.A. in marketing and psychology from the University of Wisconsin, an M.A. in social sciences with a concentration in psychology from the University of Chicago, and an M.B.A. with concentrations in finance, economics and international business from the University of Chicago Booth School of Business.

His commentary has appeared in Barron's, the Chicago Tribune, Financial Times, Investor's Business Daily, Practical Accountant, USA Today and The Wall Street Journal. He is a past director and officer of the Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.B.A. University of Wisconsin
  • M.A.,M.B.A. Booth School of Business, University of Chicago
Experience
  • Managed Fund since inception
 
Biography
Matthew F. Beaudry, CMFC, CIMA

Matthew F. Beaudry, CMFC, CIMA

Vice President, Eaton Vance Management
Joined Eaton Vance 2006

Matt Beaudry is a vice president of Eaton Vance Management, a member of the Equity Strategy Committee and portfolio manager on Eaton Vance's large-cap value team.

Matt's experience in the investment management industry dates to 1984. Prior to joining Eaton Vance in 2006, he was a director and senior portfolio manager at AllianceBernstein Investment Research and Management. Matt has additional investment experience with State Street Research and Management Company, Financial Research Corporation, Putnam Investments and PricewaterhouseCoopers.

Matt earned a B.A. from the College of the Holy Cross. He is a Certified Public Accountant (CPA), a Chartered Mutual Fund Consultant (CMFC) and a Certified Investment Management Analyst (CIMA).

Education
  • B.A. College of the Holy Cross
Experience
  • Managed Fund since inception
 
Biography
Stephen J. Kaszynski, CFA

Stephen J. Kaszynski, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2008

Steve Kaszynski is a vice president of Eaton Vance Management, a member of the firm's Equity Strategy Committee and portfolio manager on Eaton Vance's large-cap value team.

Steve's experience in the investment management industry dates to 1976. Prior to joining Eaton Vance in 2008, he was managing director and head of U.S. Equities for Credit Suisse Asset Management. Steve has additional investment experience with INVESCO and Gardner & Preston Moss.

Steve earned a B.A. with honors in economics from Knox College and an M.B.A. from the University of Chicago Graduate Booth School of Business. He is a CFA charterholder and is a member of the Boston Security Analysts Society.

Education
  • B.A. Knox College
  • M.B.A. Booth School of Business, University of Chicago
Experience
  • Managed Fund since inception
 

Fund Literature

Fund Literature

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

Fact Sheet

Think Performance Think Eaton Vance.pdf

Summary Prospectus

Full Prospectus

XBRL

Annual Report

Semi-Annual Report

SAI

Actively Managed Equities


 

Symbol:  

NAV as of  
  0.00%

Consider for:
Portfolio Diversification
All Weather
Hedging Rising Rates
Tax Efficiency
Inflation Protection
Investment Income