Overview

Growth of $10,000

10-year period ended 03/31/2016

  • Class A at NAV

Historic Returns (%)as of Mar 31, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
04/30/2016
Fund at NAV -1.75 5.27 -4.36 -21.69 0.86 -0.64 5.15
Fund w/Max Sales Charge -7.41 -0.77 -9.87 -26.19 -1.11 -1.80 4.53
MSCI Golden Dragon Index1 -1.28 8.76 -2.09 -23.72 1.15 0.09 4.95
03/31/2016
Fund at NAV 9.51 -2.66 -2.66 -12.64 1.95 0.36 5.86
Fund w/Max Sales Charge 3.21 -8.27 -8.27 -17.67 -0.04 -0.82 5.23
MSCI Golden Dragon Index1 10.49 -0.82 -0.82 -13.75 2.36 1.00 5.84
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 or equal to one year is cumulative. Max Sales Charge: 5.75%.

Fund Factsas of Apr 30, 2016

Class A Inception 10/28/1992
Investment Objective Long-term capital appreciation
Total Net Assets $85.2M
Minimum Investment $1000
Expense Ratio (Gross)2 1.96%
Expense Ratio (Net)2,3 1.95%
CUSIP 277902201

Top 10 Holdings (%)4,5as of Mar 31, 2016

Tencent Holdings Ltd
Taiwan Semiconductor Manufacturing Co Ltd
AIA Group Ltd
China Construction Bank Corp
China Mobile Ltd
Industrial & Commercial Bank of China Ltd
Ping An Insurance Group Co of China Ltd
CK Hutchison Holdings Ltd
China Overseas Land & Investment Ltd
Techtronic Industries Co Ltd
Total 56.13

Portfolio Management

Stephen Ma, CFA Managed Fund since 2014
June Lui Managed Fund since 2015

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

About Risk 

Fund performance is 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. In emerging countries, these risks may be more significant. Asian economies are export-driven and can be affected by developments in the economies of their major trading partners. Governmental actions in China can have a significant affect on economic conditions in the Asia region. Because the Fund may invest significantly in a particular geographic region or country, value of Fund shares may fluctuate more than a fund with less exposure to such areas. A nondiversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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

Historic Returns (%)as of Mar 31, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
04/30/2016
Fund at NAV -1.75 5.27 -4.36 -21.69 0.86 -0.64 5.15
Fund w/Max Sales Charge -7.41 -0.77 -9.87 -26.19 -1.11 -1.80 4.53
MSCI Golden Dragon Index1 -1.28 8.76 -2.09 -23.72 1.15 0.09 4.95
Morningstar™ China Region Category6 -0.54 6.64 -5.15 -24.31 0.52 -1.31 5.67
03/31/2016
Fund at NAV 9.51 -2.66 -2.66 -12.64 1.95 0.36 5.86
Fund w/Max Sales Charge 3.21 -8.27 -8.27 -17.67 -0.04 -0.82 5.23
MSCI Golden Dragon Index1 10.49 -0.82 -0.82 -13.75 2.36 1.00 5.84
Morningstar™ China Region Category6 9.68 -4.65 -4.65 -13.41 1.44 -0.54 6.16
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 or equal to one year is cumulative. Max Sales Charge: 5.75%.

Calendar Year Returns (%)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Fund at NAV 47.58 61.18 -51.05 60.48 8.36 -22.89 22.69 15.47 -0.80 -5.01
MSCI Golden Dragon Index1 39.06 37.63 -49.54 66.66 13.24 -18.67 22.19 6.89 7.72 -7.43

Fund Facts

Expense Ratio (Gross)2 1.96%
Expense Ratio (Net)2,3 1.95%
Class A Inception 10/28/1992
Distribution Frequency Annually

Risk Measures (3 Year)7as of Apr 30, 2016

Alpha (%) -0.18
Beta 0.90
R-Squared (%) 91.50
Standard Deviation (%) 16.46
Sharpe Ratio 0.05

Morningstar™ Ratingsas of Apr 30, 2016

Time Period Rating Rating (Load Waived) Funds in
China Region
Category
Overall *** **** 76
3 Years *** **** 76
5 Years **** **** 64
10 Years *** *** 40
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.

© 2015 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
May 27, 2016 $17.85 $0.18
May 26, 2016 $17.67 -$0.03
May 25, 2016 $17.70 $0.28
May 24, 2016 $17.42 $0.17
May 23, 2016 $17.25 $0.03
May 20, 2016 $17.22 $0.16
May 19, 2016 $17.06 -$0.18
May 18, 2016 $17.24 -$0.04
May 17, 2016 $17.28 -$0.05
May 16, 2016 $17.33 $0.28
View All

Distribution History8

Ex-Date Distribution Reinvest NAV
May 21, 2015 $0.05950 $24.24
Dec 19, 2013 $0.06990 $20.61
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
Dec 17, 2015 $1.13210 $18.75
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.

About Risk 

Fund performance is 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. In emerging countries, these risks may be more significant. Asian economies are export-driven and can be affected by developments in the economies of their major trading partners. Governmental actions in China can have a significant affect on economic conditions in the Asia region. Because the Fund may invest significantly in a particular geographic region or country, value of Fund shares may fluctuate more than a fund with less exposure to such areas. A nondiversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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 (%)5,9as of Mar 31, 2016

Foreign Common Stocks 97.86
U.S. Common Stocks 1.32
Cash 0.82
Total 100.00

Portfolio Statisticsas of Mar 31, 2016

Number of Holdings 46

GICS Sector Breakdown (%)5as of Mar 31, 2016

Sector Fund MSCI Golden Dragon Index1
Consumer Discretionary 12.05 6.25
Consumer Staples 3.08 2.44
Energy 2.63 3.90
Financials 39.40 35.79
Health Care 1.78 1.17
Industrials 6.37 7.71
Information Technology 28.47 27.72
Materials 0.00 3.23
Telecom Services 4.76 6.73
Utilities 0.63 5.04
Cash 0.82 0.00

Assets by Country (%)5as of Mar 31, 2016

China 51.40
Hong Kong 23.89
Taiwan 22.57
United States 1.32
Cash & Other Assets 0.82
Total 100.00

Geographic Mix (%)5as of Mar 31, 2016

Asia/Pacific 97.86
North America 1.32
Cash & Other Assets 0.82
Total 100.00

Fund Holdings (%)5,10as of Mar 31, 2016

Holding % of Net Assets
Tencent Holdings Ltd 9.77%
Taiwan Semiconductor Manufacturing Co Ltd 9.13%
AIA Group Ltd 7.66%
China Construction Bank Corp 5.28%
China Mobile Ltd 4.77%
Industrial & Commercial Bank of China Ltd 4.69%
Ping An Insurance Group Co of China Ltd 4.40%
CK Hutchison Holdings Ltd 4.39%
China Overseas Land & Investment Ltd 3.27%
Techtronic Industries Co Ltd 2.77%
View All

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

About Risk 

Fund performance is 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. In emerging countries, these risks may be more significant. Asian economies are export-driven and can be affected by developments in the economies of their major trading partners. Governmental actions in China can have a significant affect on economic conditions in the Asia region. Because the Fund may invest significantly in a particular geographic region or country, value of Fund shares may fluctuate more than a fund with less exposure to such areas. A nondiversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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

Commentary

No commentary information is currently available.

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

About Risk 

Fund performance is 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. In emerging countries, these risks may be more significant. Asian economies are export-driven and can be affected by developments in the economies of their major trading partners. Governmental actions in China can have a significant affect on economic conditions in the Asia region. Because the Fund may invest significantly in a particular geographic region or country, value of Fund shares may fluctuate more than a fund with less exposure to such areas. A nondiversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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 currently available.

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

About Risk 

Fund performance is 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. In emerging countries, these risks may be more significant. Asian economies are export-driven and can be affected by developments in the economies of their major trading partners. Governmental actions in China can have a significant affect on economic conditions in the Asia region. Because the Fund may invest significantly in a particular geographic region or country, value of Fund shares may fluctuate more than a fund with less exposure to such areas. A nondiversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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

Stephen Ma, CFA

Head of Greater China Equities and Sr. Portfolio Manager
BMO Global Asset Management (Asia) Ltd.
Joined BMO Global Asset Management (Asia) Limited 2014

Stephen Ma is a senior portfolio manager and head of greater China equities with BMO Global Asset Management, an Eaton Vance subadvisor. He is responsible for buy and sell decisions, portfolio construction and risk management. He joined BMO in 2014.

Stephen has over 20 years of experience in the investment management industry. Before joining BMO, he was a portfolio manager with Fidelity Investments in Hong Kong. He was previously affiliated with EK Investment Management Ltd. and Hambro Pacific Fund Management Limited.

Stephen earned a B.A. and an M.A. from Cambridge University. He is a CFA charterholder.

Education
  • B.A. Cambridge University
  • M.A. Cambridge University
Experience
  • Managed Fund since 2014
 
Biography

June Lui

Portfolio Manager, BMO Global Asset Management (Asia) Ltd.
Joined BMO Global Asset Management (Asia) Limited 2007

Education
Experience
  • Managed Fund since 2015
 

Literature

Literature

Fact Sheet

Annual Report

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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