Overview

 

Growth of $10,000

10-year period ended 9/30/14

  • Class A at NAV

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

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
Fund at NAV -6.13 -1.88 -1.79 7.29 13.73 4.82 10.58
Fund w/Max Sales Charge -11.51 -7.54 -7.42 1.12 11.52 3.59 9.93
MSCI Golden Dragon Index1 -6.78 -1.04 2.95 6.89 12.18 5.94 9.27
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 Sep 30, 2014

Class A Inception 10/28/1992
Investment Objective Long-term capital appreciation
Total Net Assets $124.0M
Minimum Investment $1000
Expense Ratio (Gross)2 2.03%
Expense Ratio (Net)2,3 1.98%
CUSIP 277902201

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

Taiwan Semiconductor Manufacturing Co Ltd
Tencent Holdings Ltd
AIA Group Ltd
Cheung Kong Holdings Ltd
Industrial & Commercial Bank of China Ltd
Hon Hai Precision Industry Co Ltd
China Construction Bank Corp
Delta Electronics Inc
Sino Biopharmaceutical Ltd
Hutchison Whampoa Ltd
Total 37.47


Portfolio Management

Pamela Chan Managed Fund since 2002
May Ling Wee, CFA Managed Fund since 2013

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. 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

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

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
Fund at NAV -6.13 -1.88 -1.79 7.29 13.73 4.82 10.58
Fund w/Max Sales Charge -11.51 -7.54 -7.42 1.12 11.52 3.59 9.93
MSCI Golden Dragon Index1 -6.78 -1.04 2.95 6.89 12.18 5.94 9.27
Morningstar™ China Region Category6 -5.36 -0.38 -1.26 5.14 11.75 5.12 10.49
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 15.35 12.67 47.58 61.18 -51.05 60.48 8.36 -22.89 22.69 15.47
MSCI Golden Dragon Index1 13.98 9.86 39.06 37.63 -49.54 66.66 13.24 -18.67 22.19 6.89

Fund Facts

Expense Ratio (Gross)2 2.03%
Expense Ratio (Net)2,3 1.98%
Class A Inception 10/28/1992
Distribution Frequency Annually


Risk Measures (3 Year)7 as of Sep 30, 2014

Alpha (%) 3.44
Beta 0.83
R-Squared (%) 80.79
Standard Deviation (%) 14.90
Sharpe Ratio 0.92


Morningstar™ Ratings as of Sep 30, 2014

Time Period Rating Rating (Load Waived) Funds in
China Region
Category
Overall *** *** 78
3 Years *** **** 78
5 Years *** *** 61
10 Years *** *** 29
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
Oct 21, 2014 $21.02 $0.24
Oct 20, 2014 $20.78 $0.08
Oct 17, 2014 $20.70 $0.11
Oct 16, 2014 $20.59 $-0.10
Oct 15, 2014 $20.69 $0.04
Oct 14, 2014 $20.65 $0.11
Oct 13, 2014 $20.54 $-0.17
Oct 10, 2014 $20.71 $-0.28
Oct 09, 2014 $20.99 $-0.23
Oct 08, 2014 $21.22 $0.09

Distribution History8

Ex-Date Distribution Reinvest NAV
Dec 19, 2013 $0.06990 $20.61
Dec 20, 2012 $0.10890 $18.30
Dec 28, 2011 $0.31470 $15.06
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 28, 2011 $1.11440 $15.06
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 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. 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 (%)4,9 as of Sep 30, 2014

Foreign Common Stocks 97.18
U.S. Common Stocks 2.10
Cash & Other Assets 0.72
Total 100.00

Portfolio Statistics as of Sep 30, 2014

Number of Holdings 52


GICS Sector Breakdown (%)4 as of Sep 30, 2014

Sector Fund MSCI Golden Dragon Index1
Consumer Discretionary 19.20 7.05
Consumer Staples 3.59 3.14
Energy 1.24 6.68
Financials 25.68 36.72
Health Care 6.81 1.05
Industrials 9.19 6.14
Information Technology 31.05 23.15
Materials 0.99 4.25
Telecom Services 0.00 7.16
Utilities 1.52 4.66
Cash 0.73 0.00

Assets by Country (%)4 as of Sep 30, 2014

China 53.28
Taiwan 22.42
Hong Kong 21.48
United States 2.10
Cash & Other Assets 0.72
Total 100.00


Geographic Mix (%)4 as of Sep 30, 2014

Asia/Pacific 97.18
North America 2.10
Cash & Other Assets 0.72
Total 100.00


Fund Holdings (%)4,10 as of Aug 31, 2014

Holding % of Net Assets
Taiwan Semiconductor Manufacturing Co Ltd 7.05%
Tencent Holdings Ltd 6.22%
AIA Group Ltd 5.01%
Cheung Kong Holdings Ltd 3.45%
Industrial & Commercial Bank of China Ltd 3.06%
Hon Hai Precision Industry Co Ltd 2.66%
Delta Electronics Inc 2.55%
China Construction Bank Corp 2.53%
Hutchison Whampoa Ltd 2.40%
Nexteer Automotive Group Ltd 2.22%
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. 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

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. 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 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. 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

Pamela Chan

Portfolio Manager, BMO Global Asset Management (Asia) Limited
Joined BMO Global Asset Management (Asia) Limited 1994

Pamela Chan of BMO Global Asset Management (Asia) Limited is a portfolio manager.

In March 1994, Pamela joined BMO Global Asset Management (Asia) Limited, an Eaton Vance investment subadviser, as a director. Starting in 1982, Pamela worked for Jardine Fleming, first as an analyst and later as a portfolio manager. In 1984, Pamela moved to Australia, where she worked as a portfolio manager for Rothschild and Aetna. From 1987 to 1992, Pamela lived in London, where she was a director of Sun Life Investment Management, with responsibility for all Asian markets. She returned to Hong Kong in 1993 to set up Sun Life's office there.

Born in Hong Kong, Pamela was educated in the U.S., where she earned a B.A. in economics at Mills College in California.

Education
  • B.A. Mills College
Experience
  • Managed Fund since 2002
 
Biography

May Ling Wee, CFA

Portfolio Manager, BMO Global Asset Management (Asia) Limited
Joined BMO Global Asset Management (Asia) Limited 2004

May Ling Wee is a portfolio manager with BMO Global Asset Management (Asia) Limited, an Eaton Vance Investment subadviser.

Prior to joining BMO Global Asset Management (Asia) Limited in 2004, May Ling was an analyst with Deutsche Securities. She began her investment career with Dresdner Kleinwort Wasserstein Securities as analyst in 1997.

May Ling earned a B.Comm in economics and finance at the University of New South Wales in Australia. She is a CFA charterholder.

Education
  • B.Comm. University of New South Wales
Experience
  • Managed Fund since 2013
 

Fund Literature

Fund Literature

Annual Report

Fact Sheet

Full Prospectus

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

SAI

Semi-Annual Report

Summary Prospectus

XBRL


 

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