Overview

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 2.32 5.95 10.51 — — — 10.44
Russell Global 2000 Index2 1.45 5.42 10.59 16.50 — — 10.43
3/31/2013
Fund at NAV 2.28 8.01 8.01 — — — 7.94
Russell Global 2000 Index2 2.80 9.01 9.01 13.62 — — 8.82
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.

Fund Facts as of Apr 30, 2013

Institutional Class Inception 12/20/2012
Investment Objective Long-term capital appreciation
Total Net Assets of Fund $5.5M
Minimum Investment $50000
Expense Ratio (Gross)3 1.00%
Expense Ratio (Net)3,4 0.85%
CUSIP 27826A607

Top 10 Holdings (%)5,6 as of Mar 31, 2013

China Gas Holdings Ltd.
Bangkok Dusit Medi Thb1(Alien Mkt)
Pandora A/S
Kaken Pharmaceutical Co. Ltd.
Ultra Electronics Holdings PLC
Sino Biopharmaceutical Ltd.
China Resources Gas Group Ltd.
Temenos Group AG
Alaska Air Group Inc.
Giordano International Ltd.
Total 3.36


Portfolio Management

David Stein, Ph.D Managed Fund since inception
Thomas Seto Managed Fund since inception

 

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

About Risk 

Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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. 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. Prior to 3/1/13, the Institutional Class was named Class I.
2. Russell Global 2000 Index is an unmanaged index of 2,000 global small-cap 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.
3. Source: Fund prospectus.
4. Net expense ratio reflects a contractual expense reimbursement that continues through 5/31/14. Without the reimbursement, performance would have been lower.
5. Percent of total net assets.
6. 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 2.32 5.95 10.51 — — — 10.44
Russell Global 2000 Index2 1.45 5.42 10.59 16.50 — — 10.43
3/31/2013
Fund at NAV 2.28 8.01 8.01 — — — 7.94
Russell Global 2000 Index2 2.80 9.01 9.01 13.62 — — 8.82
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.

Fund Facts

Expense Ratio (Gross)3 1.00%
Expense Ratio (Net)3,4 0.85%
Institutional Class Inception 12/20/2012
Distribution Frequency Annually


NAV History

Date NAV NAV Change
May 17, 2013 $11.18 $0.05
May 16, 2013 $11.13 $-0.05
May 15, 2013 $11.18 $0.01
May 14, 2013 $11.17 $0.04
May 13, 2013 $11.13 $-0.03
May 10, 2013 $11.16 $0.02
May 09, 2013 $11.14 $-0.09
May 08, 2013 $11.23 $0.06
May 07, 2013 $11.17 $0.07
May 06, 2013 $11.10 $0.02

Distribution History7

Ex-Date Distribution Reinvest NAV
Dec 28, 2012 $0.00400 $9.88
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 History7

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 

Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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. 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.


2. Russell Global 2000 Index is an unmanaged index of 2,000 global small-cap 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.
3. Source: Fund prospectus.
4. Net expense ratio reflects a contractual expense reimbursement that continues through 5/31/14. Without the reimbursement, performance would have been lower.
7. 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 (%)5 as of Mar 31, 2013

Foreign Common Stocks 74.96
U.S. Common Stocks 24.32
Cash & Equivalents 0.72
Total 100.00

Portfolio Statistics as of Mar 31, 2013

Median Market Cap $1.5B
Price/Earnings Ratio 16.72
Number of Holdings 590
Price/Book Ratio 1.95


GICS Sector Breakdown (%)5 as of Mar 31, 2013

Sector Fund Russell Global 2000 Index2
Consumer Discretionary 12.66 16.04
Consumer Staples 10.45 6.07
Energy 7.35 4.61
Financials 14.82 22.33
Health Care 11.01 8.07
Industrials 14.13 18.03
Information Technology 9.76 11.88
Materials 9.45 9.29
Telecom Services 2.14 1.02
Utilities 7.50 2.66
Cash 0.72 0.00

Assets by Country (%)5 as of Mar 31, 2013

US 24.32
Japan 6.64
UK 4.67
Canada 3.86
China 2.91
Korea 2.74
Taiwan 2.56
Singapore 2.45
Germany 2.44
Thailand 2.44
View All


Geographic Mix (%)5 as of Mar 31, 2013

Asia/Pacific 24.75
United States 24.32
Europe 23.78
Japan 6.64
Latin America 5.43
United Kingdom 4.67
Middle East 3.21
Africa 1.73
Eastern Europe 1.60


Fund Holdings (%)5,8 as of Mar 31, 2013

Holding % of Net Assets
China Gas Holdings Ltd 0.41%
Bangkok Dusit Medical Services PCL 0.38%
Pandora A/S 0.36%
EV Cash Reserves Fund 0.35%
Kaken Pharmaceutical Co Ltd 0.34%
Ultra Electronics Holdings PLC 0.32%
Sino Biopharmaceutical 0.31%
Temenos Group AG 0.31%
China Resources Gas Group Ltd 0.31%
Alaska Air Group Inc 0.31%
View All

 

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

About Risk 

Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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. 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.


2. Russell Global 2000 Index is an unmanaged index of 2,000 global small-cap 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.
5. Percent of total net assets.
8. 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 

Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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. 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 

Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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. 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
David Stein, Ph.D

David Stein, Ph.D

Chief Investment Officer, Parametric Portfolio Associates
Joined Parametric Portfolio Associates 1996

David Stein is chief investment officer of Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp., leading the firm's investment, research and technology activities. He maintains a focus on Parametric's intellectual capital, and is dedicated to advancing the art and science of investment management in the presence of taxes.

David's experience in the investment industry dates to 1987. Prior to joining Parametric in 1996, he held senior research, development and portfolio management positions at GTE Investment Management Corp., The Vanguard Group and IBM Retirement Funds. He has additional experience as a research scientist with IBM Research Laboratories, where he designed computer hardware and software systems.

David earned both a B.S. and an M.S. from the University of Witwatersrand, South Africa, and a Ph.D. in applied mathematics from Harvard University.

David holds a number of patents and is published in multiple academic journals, including Mathematics of Operations Research, The Journal of Wealth Management and the Journal of Portfolio Management, among others. He is on the After-Tax Subcommittee of the AIMR-PPS standards committee and on the advisory board of the Journal of Wealth Management.

Education
  • B.S. and M.S., University of Witwatersrand, South Africa
  • Ph.D. Harvard University
Experience
  • Managed Fund since inception
 
Biography
Thomas Seto

Thomas Seto

Director of Portfolio Management, Parametric Portfolio Associates
Joined Parametric Portfolio Associates 1998

Tom Seto is managing director of portfolio management and a portfolio manager at Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. He is responsible for all portfolio management activity at Parametric, including tax-managed core, OverlayOne and institutional structured equity strategies.

Prior to joining Parametric in 1998, Tom served as the head of U.S. Equity Index Investments at Barclays Global Investors, where he was responsible for portfolio management of all U.S. equity index strategies.

Tom earned a B.S. in electrical engineering from the University of Washington in 1985 and an M.B.A. in finance from the University of Chicago Booth School of Business in 1991.

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

Fund Literature

Fund Literature

Parametric Global Small-Cap Fund Profile

Summary Prospectus

Full Prospectus

XBRL

Annual Report

SAI


 

Symbol:  

NAV as of  
  0.00%

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