Overview

 

Bernstein Equity Strategy Fund has outperformed its index with less volatility since inception.1

As of 3/31/14.

  • A Shares at NAV
  • Benchmark

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

1 Month 3 Months YTD 1 Year 3 Years 5 Years Life of Fund
Fund at NAV 0.14 1.97 1.97 19.18 9.32 12.03
Fund w/Max Sales Charge -5.60 -3.91 -3.91 12.30 7.19 10.14
MSCI All Country World Index2 0.44 1.08 1.08 16.55 8.54 17.79 10.59
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 10/12/2010
Investment Objective Total return
Total Net Assets $980.2M
Minimum Investment $1000
Expense Ratio3 1.33%
CUSIP 277902599

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

Apple Inc.
Exxon Mobil Corp.
EV Cash Reserves Fund
Microsoft Corp.
Google Inc.
Pfizer Inc.
Vanguard Extended Market ETF
Chevron Corp.
General Electric Co.
Total 9.43


Portfolio Management

Richard Bernstein 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. In emerging countries, these risks may be more significant. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. Derivatives instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. 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 Life of Fund
Fund at NAV 0.14 1.97 1.97 19.18 9.32 12.03
Fund w/Max Sales Charge -5.60 -3.91 -3.91 12.30 7.19 10.14
MSCI All Country World Index2 0.44 1.08 1.08 16.55 8.54 17.79 10.59
Morningstar™ World Stock Category5 -0.15 1.41 1.41 18.45 9.31 18.38
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 -6.40 12.69 29.48
MSCI All Country World Index2 15.23 10.84 20.95 11.66 -42.19 34.63 12.67 -7.35 16.13 22.80

Fund Facts

Expense Ratio3 1.33%
Class A Inception 10/12/2010
Distribution Frequency Annually


Risk Measures (3 Year)6 as of Mar 31, 2014

Alpha 2.97
Beta 0.72
R-Squared 85.78
Standard Deviation 11.25
Sharpe Ratio 0.82


Morningstar™ Ratings as of Mar 31, 2014

Time Period Rating Rating (Load Waived) Funds in
World Stock
Category
Overall *** *** 804
3 Years *** *** 804
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 $14.37 $0.17
Apr 15, 2014 $14.20 $0.01
Apr 14, 2014 $14.19 $0.07
Apr 11, 2014 $14.12 $-0.13
Apr 10, 2014 $14.25 $-0.26
Apr 09, 2014 $14.51 $0.16
Apr 08, 2014 $14.35 $0.01
Apr 07, 2014 $14.34 $-0.12
Apr 04, 2014 $14.46 $-0.14
Apr 03, 2014 $14.60 $-0.04

Distribution History7

Ex-Date Distribution Reinvest NAV
Dec 23, 2013 $0.06380 $14.04
Dec 20, 2012 $0.12900 $11.14
Dec 28, 2011 $0.05750 $9.84
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 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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. Derivatives instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. 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 (%)4,8 as of Mar 31, 2014

U.S. Common Stocks 55.44
Foreign Common Stocks 43.22
Cash & Equivalents 1.34
Total 100.00

Portfolio Statistics as of Mar 31, 2014

Median Market Cap $21.4B
Price/Earnings Ratio 15.84
Price/Book Ratio 2.07
Number of Holdings 414


GICS Sector Breakdown (%)4,8 as of Mar 31, 2014

Sector Fund MSCI All Country World Index2
Consumer Discretionary 11.12 11.68
Consumer Staples 10.46 9.62
Energy 4.91 9.65
Financials 16.65 21.61
Health Care 10.57 10.60
Industrials 23.44 10.83
Information Technology 12.28 12.71
Materials 3.88 6.13
Telecom Services 2.52 3.88
Utilities 2.82 3.29
Cash 1.34 0.00

Portfolio Characteristics (%)9 as of Mar 31, 2014

Fund (%) MSCI All Country
World Index (%)
Regions
US. 56 49
Developed 44 41
Emerging 0 10
Style
Growth 50 50
Value 50 50
Size
Large Cap 61 86
Mid Cap 27 14
Small Cap 12 0


Assets by Country (%)4,8 as of Mar 31, 2014

US 56.78
Japan 11.95
UK 7.42
Germany 4.44
Switzerland 3.55
France 3.10
Sweden 2.67
Italy 2.09
Finland 1.41
Other 3.10
View All

Geographic Mix (%)4,8 as of Mar 31, 2014

United States 56.78
Europe 22.95
Japan 11.95
United Kingdom 7.42
Asia/Pacific 0.35
Middle East 0.14


Fund Holdings (%)4,10 as of Feb 28, 2014

Holding % of Net Assets
EV Cash Reserves Fund 2.60%
Apple Inc 1.50%
Exxon Mobil Corp 1.29%
Microsoft Corp 1.14%
Google Inc 1.11%
Pfizer Inc 1.00%
Vanguard Extended Market ETF 0.99%
Chevron Corp 0.90%
General Electric Co 0.88%
HSBC Holdings PLC 0.81%
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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. Derivatives instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. 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

A Word On The Markets  as of Dec 31, 2013

Powered by a strengthening U.S. economic recovery, U.S. stocks surged ahead in the final quarter of 2013. Equity markets opened the period in retreat as the U.S. government shutdown began on October 1. However, stocks quickly bounced back after the 16-day shutdown ended and received a further boost from encouraging data on U.S. employment, housing and manufacturing. But the steadily improving economy also raised expectations that the U.S. Federal Reserve (the Fed) could start “tapering” its bond-buying stimulus program sooner rather than later.

The prospect of curtailed Fed stimulus weighed on stocks in early December. Yet, when the Fed finally made its long-anticipated move in mid-December, many equity investors shrugged off earlier fears and pushed the key U.S. indexes to record highs. Market participants were buoyed by the relatively modest bond-purchase reduction, along with the Fed’s accompanying assurance that it would keep short-term interest rates near zero for an extended period. Stocks also benefited from a bipartisan federal budget deal in December, as well as an upward revision in third-quarter U.S. GDP growth. Many international markets rose at a somewhat slower pace during the period, with emerging-market equities notably lagging.

Reflecting the breadth of the fourth-quarter rally, many major equity market indexes delivered strong gains. The Dow Jones Industrial Average11 advanced 10.22%, hitting multiple all-time closing highs during the quarter. The broader S&P 500 Index12 also reached new highs and finished the period with a 10.51% return. Large-cap U.S. stocks outperformed their small-cap counterparts during the quarter. Among large caps, growth stocks outpaced value stocks, while the reverse was true among small caps. Overseas, the MSCI EAFE Index13 rose 5.71%.

Performance Summary 

Eaton Vance Richard Bernstein Equity Strategy Fund (the Fund) outperformed its benchmark, the MSCI All Country World Index (the Index),2 for the quarter ended December 31, 2013, returning 8.21% for Class A shares at net asset value versus the Index’s 7.31% return.

  • The fourth quarter of 2013 was a strong one for equities, with the Index’s 7.31% return representing nearly a third of the entire year’s gains. During this period, the Fund received positive contributions from most of its regional exposures.
  • In terms of market capitalization, the Fund’s portfolio holdings in all three segments—large-cap, mid-cap and small-cap—had positive impacts during the quarter.

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

1 Month 3 Months YTD 1 Year 3 Years 5 Years Life of Fund
Fund at NAV 2.11 8.21 29.48 29.48 10.94 12.33
Fund w/Max Sales Charge -3.74 1.96 22.07 22.07 8.77 10.29
MSCI All Country World Index2 1.73 7.31 22.80 22.80 9.72 14.91 11.07
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 Dec 31, 2013

Class A Inception 10/12/2010
Expense Ratio3 1.33%


Contributors 

Factors contributing to the Fund's relative performance compared to the Index during the quarter:

  • The majority of the Fund’s regional contributions came from minimizing emerging-market exposure, overweighting the U.S. and being selective in Japan. By owning Japanese exporters, the Fund attempted to benefit from Prime Minister Abe’s efforts to revitalize Japan’s sluggish economy.
  • In terms of sector allocation, the Fund’s largest overweight was in industrials—an area that has continued to have a positive impact on the Fund.
  • The Fund’s exposure to the financials sector, which targeted smaller regional banks, also contributed to outperformance versus the Index, as did the Fund’s underweight in materials.

Detractors 

Factors detracting from the Fund's relative performance compared to the Index during the quarter:

  • The Fund’s exposure to the consumer discretionary sector had a negative impact on performance relative to the Index.
  • The Fund’s modest cash position also held back performance versus the Index.

Investment Outlook And Fund Positioning 

We believe that the current bull market is following a “Shakespearean Script”, and we are somewhere in the middle of the current market cycle.

One geographic region we remain cautious on is emerging markets (“EM”). Fund flows suggest investors still consider EM the world’s best growth story. Two indicators we have examined—negative earnings-per-share surprises and long-term growth rates—indicate the U.S. may now be now a better growth story!

We have positioned the Fund to participate in opportunities we will seek in one of the strongest bull markets of our careers.

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

EV Cash Reserves Fund 3.33
Apple Inc. 1.53
Russell 2000 Mini (US, USD) - TF - MAR 2014 1.40
Exxon Mobil Corp. 1.30
Vanguard Extended Market ETF 1.22
MSCI EAFE Mini (US, USD) - MFS - MAR 2014 1.12
Google Inc. 1.10
Microsoft Corp. 0.99
Chevron Corp. New 0.84
Pfizer Inc. 0.83
Total 13.66


 

The views expressed in this report are those of portfolio manager(s) and are current only through the date stated at the top of this page. These views are subject to change at any time based upon market or other conditions, and Eaton Vance disclaims any responsibility to update such views. These views may not be relied upon as investment advice and, because investment decisions are based on many factors, may not be relied upon as an indication of trading intent on behalf of any Eaton Vance fund. This commentary may contain statements that are not historical facts, referred to as "forward looking statements". The Fund's actual future results may differ significantly from those stated in any forward-looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of Fund shares, the continuation of investment advisory, administrative and service contracts, and other risks discussed from time to time in the Fund's filings with the Securities and Exchange Commission.

 

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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. Derivatives instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. 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

Sector Attribution as of Dec 31, 2013

Fund MSCI All Country World Index2 Attribution
Sectors Average Weight Total Return Contrib. to Return Average Weight Total Return Contrib. to Return Allocation Effect Selection Effect Total Effect
3 Month Attribution
Consumer Discretionary 10.41 6.98 0.74 11.87 7.77 0.92 -0.02 -0.07 -0.09
Consumer Staples 8.60 7.46 0.61 9.94 5.24 0.52 0.01 0.17 0.18
Energy 3.24 6.46 0.19 9.94 5.39 0.54 0.11 0.04 0.15
Financials 17.72 10.10 1.85 21.66 6.78 1.49 0.05 0.55 0.60
Health Care 7.97 10.54 0.77 10.18 8.85 0.89 -0.04 0.08 0.04
Industrials 16.15 10.93 1.77 10.80 8.80 0.94 0.14 0.29 0.42
Information Technology 8.77 11.31 1.03 12.23 11.29 1.35 -0.07 0.02 -0.05
Materials 2.93 8.59 0.27 5.98 4.24 0.25 0.10 0.15 0.25
Telecom Services 2.42 10.57 0.24 4.20 7.75 0.33 -0.01 0.06 0.05
Utilities 2.28 3.52 0.09 3.22 2.24 0.08 0.05 0.03 0.08
ETF 9.30 7.50 0.52 0.00 0.00 0.00 -0.05 0.00 -0.05
Cash 10.20 0.01 0.00 0.00 0.00 0.00 -0.81 0.00 -0.81
Total 100.00 8.09 8.09 100.00 7.31 7.31 -0.55 1.33 0.77
1 Year Attribution
Consumer Discretionary 12.63 34.83 4.41 11.38 36.08 3.89 0.26 -0.07 0.19
Consumer Staples 10.81 24.12 2.98 10.34 18.44 2.00 0.16 0.72 0.88
Energy 2.53 26.71 0.69 10.19 13.41 1.42 0.68 0.37 1.05
Financials 21.04 32.53 6.90 21.57 22.01 4.81 0.14 1.95 2.10
Health Care 8.27 40.53 3.29 10.01 35.77 3.40 -0.05 0.30 0.25
Industrials 11.57 37.92 4.34 10.57 29.57 3.01 0.13 0.86 0.99
Information Technology 7.59 29.74 2.37 12.01 26.41 3.06 -0.04 0.37 0.32
Materials 2.03 23.69 0.54 6.37 -0.72 -0.19 1.22 0.55 1.77
Telecom Services 2.64 23.55 0.63 4.21 23.52 1.00 -0.01 0.04 0.03
Utilities 3.11 14.26 0.62 3.35 10.58 0.40 0.07 0.22 0.29
ETF 8.41 44.68 2.60 0.00 0.00 0.00 0.93 0.00 0.93
Cash 9.37 0.05 0.00 0.00 0.00 0.00 -2.23 0.00 -2.23
Total 100.00 29.37 29.37 100.00 22.80 22.80 1.25 5.32 6.57


Additional Notes 

Source: Factset.

Attribution analysis shows the contribution of indicated factor exposures to a portfolio's relative total return versus a designated benchmark. Results are based on each day's ending holdings, and linked to generate attribution over longer periods. Portfolio returns do not reflect applicable expenses and trading costs, or variations in transaction prices from end of day values.

Allocation Effect 

Measures portfolio's excess return due to over or under-weighting a sector.

Selection Effect 

Measures portfolio's excess return from selecting individual stocks within each sector.

 

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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. Derivatives instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. 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
Richard Bernstein

Richard Bernstein

Founder, CEO and Chief Investment Officer Richard Bernstein Advisors LLC

Richard Bernstein is the chief executive officer/chief investment officer of Richard Bernstein Advisors LLC.

Mr. Bernstein founded Richard Bernstein Advisors LLC (RBA) in 2009. The firm utilizes a unique top-down approach to investing, focusing on macro trends rather than individual stock selection. RBA manages several accounts in partnership with several leading financial institutions. Mr. Bernstein has over 30 years’ experience on Wall Street, most recently as the chief investment strategist at Merrill Lynch & Co. Prior to joining Merrill Lynch in 1988, he held positions at E.F. Hutton and Chase Econometrics/IDC.

A much-noted expert on equity, style and asset allocation, Mr. Bernstein was voted to Institutional Investor magazine’s annual “All-America Research Team” 18 times, and is one of only 49 analysts inducted into the Institutional Investor “Hall of Fame.” He was also twice named to both Fortune magazine’s “All-Star Analysts” and to Smart Money magazine’s “Power 30”, and was a member of Registered Rep’s “Ten to watch” for 2012. His book “Style Investing: Unique Insight into Equity Management” is widely viewed as the seminal book on style-oriented investment strategies. He donates the profits from that and his other book, “Navigate the Noise: Investing in the New Age of Media and Hype,” to charity.

Mr. Bernstein is co-chair of the Alfred P. Sloan Foundation endowment’s Investment Committee (~$1.8 billion) and sits on the Hamilton College endowment’s Investment Committee (~$700 million); he is a trustee of both institutions. He is also an Adjunct Professor of Finance at the NYU/Stern Graduate School of business, and is a member of the Journal of Portfolio Management’s Advisory Committee. Rich holds an MBA in finance, with Beta Gamma Sigma distinction, from New York University, and a BA in economics from Hamilton College. He has lectured on finance and economics at numerous colleges, universities and professional forums.

Education
  • B.A. Hamilton College
  • M.B.A. Stern School of Business, New York University
Experience
  • Managed Fund since inception

Fund Literature

Fund Literature

Annual Report

Attribution

Income, Volatility and Taxes Guide

Commentary

Fact Sheet

Volatility: Managing risk with a range of strategies

Full Prospectus

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

Richard Bernstein- A classic barometer

Are you managing volatility or is it managing you?

Bernstein 13 for '13 Scorecard

Bernstein Key Investment Themes for 2014

Japan - The land of the rising stock market

Unloved Bull Market

Reversing Quantitative Easing

SAI

EXCLUSIVE CONTENT

Follow the opportunities, not the crowd

EXCLUSIVE CONTENT

Flexible Approach to Navigate Uncertain Markets

Think Performance Think Eaton Vance

Semi-Annual Report

Summary Prospectus

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    Symbol:  

    NAV as of