Overview

Growth of $10,000

10-year period ended 12/31/2017

  • Class A at NAV

Historical Returns (%) as of Dec 31, 2017

Annualized
1 Mo. 3 Mo. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
01/31/2018
Fund at NAV 2.64 5.25 2.64 15.25 7.68 9.81 6.14
S&P 500 Index2 5.73 10.18 5.73 26.41 14.64 15.90 9.77
Bloomberg Barclays U.S. Aggregate Bond Index3 -1.15 -0.83 -1.15 2.15 1.14 2.01 3.71
60% S&P 500 / 40% Bloomberg Barclays U.S. Aggregate Bond Index 2.97 5.71 2.97 16.19 9.21 10.29 7.62
12/31/2017
Fund at NAV 1.22 4.14 13.22 13.22 6.67 9.98 5.44
S&P 500 Index2 1.11 6.64 21.83 21.83 11.40 15.78 8.49
Bloomberg Barclays U.S. Aggregate Bond Index3 0.46 0.39 3.54 3.54 2.24 2.10 4.00
60% S&P 500 / 40% Bloomberg Barclays U.S. Aggregate Bond Index 0.85 4.12 14.21 14.21 7.80 10.25 6.98
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. Total return prior to the commencement of the class reflects returns of another Fund class. Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). If adjusted for other expenses, returns would be lower. The share class has no sales charge.
 

Fund Facts as of Jan 31, 2018

Class R Inception 05/02/2016
Performance Inception 04/01/1932
Investment Objective Current income and long-term growth of capital
Total Net Assets $860.8M
Minimum Investment $1000
Expense Ratio (Gross)4 1.26%
Expense Ratio (Net)4,5 1.23%
CUSIP 277905147

Top 10 Holdings (%)6,7 as of Dec 31, 2017

Apple Inc
United States Treasury Note/Bond
Facebook Inc
Alphabet Inc - CL C
Walt Disney Co
Johnson & Johnson
Verizon Communications Inc
JPMorgan Chase & Co
Wells Fargo & Co
Amazon.com Inc
Total 16.89
 

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in one or more affiliated investment companies (Portfolios). Unless otherwise noted, references to investments are to the aggregate holdings of the Fund, including its pro rata share of each Portfolio in which it invests.

About Risk: 

Fund performance is sensitive to stock market volatility. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of nonpayment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. 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.


Performance

Historical Returns (%) as of Dec 31, 2017

Annualized
1 Mo. 3 Mo. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
01/31/2018
Fund at NAV 2.64 5.25 2.64 15.25 7.68 9.81 6.14
S&P 500 Index2 5.73 10.18 5.73 26.41 14.64 15.90 9.77
Bloomberg Barclays U.S. Aggregate Bond Index3 -1.15 -0.83 -1.15 2.15 1.14 2.01 3.71
60% S&P 500 / 40% Bloomberg Barclays U.S. Aggregate Bond Index 2.97 5.71 2.97 16.19 9.21 10.29 7.62
12/31/2017
Fund at NAV 1.22 4.14 13.22 13.22 6.67 9.98 5.44
S&P 500 Index2 1.11 6.64 21.83 21.83 11.40 15.78 8.49
Bloomberg Barclays U.S. Aggregate Bond Index3 0.46 0.39 3.54 3.54 2.24 2.10 4.00
60% S&P 500 / 40% Bloomberg Barclays U.S. Aggregate Bond Index 0.85 4.12 14.21 14.21 7.80 10.25 6.98
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. Total return prior to the commencement of the class reflects returns of another Fund class. Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). If adjusted for other expenses, returns would be lower. The share class has no sales charge.
 

Calendar Year Returns (%)

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Fund at NAV 13.22
S&P 500 Index2 -37.00 26.46 15.06 2.11 16.00 32.39 13.69 1.38 11.96 21.83
Bloomberg Barclays U.S. Aggregate Bond Index3 5.24 5.93 6.54 7.84 4.21 -2.02 5.97 0.55 2.65 3.54
60% S&P 500 / 40% Bloomberg Barclays U.S. Aggregate Bond Index -22.06 18.40 12.13 4.69 11.31 17.56 10.62 1.28 8.31 14.21
 

Fund Facts

Expense Ratio (Gross)4 1.26%
Expense Ratio (Net)4,5 1.23%
Class R Inception 05/02/2016
Performance Inception 04/01/1932
Distribution Frequency Quarterly

Yield Information8 as of Jan 31, 2018

Distribution Rate at NAV 1.29%
SEC 30-day Yield 0.90%
 

NAV History

Date NAV NAV Change
Feb 15, 2018 $9.11 $0.07
Feb 14, 2018 $9.04 $0.06
Feb 13, 2018 $8.98 $0.02
Feb 12, 2018 $8.96 $0.09
Feb 09, 2018 $8.87 $0.05
Feb 08, 2018 $8.82 -$0.20
Feb 07, 2018 $9.02 -$0.03
Feb 06, 2018 $9.05 $0.07
Feb 05, 2018 $8.98 -$0.22
Feb 02, 2018 $9.20 -$0.13

Distribution History9

Ex-Date Distribution Reinvest NAV
Dec 12, 2017 $0.03020 $9.04
Sep 11, 2017 $0.02940 $8.95
Jun 09, 2017 $0.03160 $8.85
Mar 09, 2017 $0.03110 $8.58
Dec 13, 2016 $0.03340 $8.46
Sep 09, 2016 $0.02210 $8.39
Jun 09, 2016 $0.02920 $8.39
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 History9

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 12, 2017 $0.07940 $0.17150 $9.04
Jul 26, 2017 $0.03690 $8.96
Dec 13, 2016 $0.03160 $8.46
No records in this table indicates that there has not been a capital gain greater than .0001 within the past 3 years.
Fund prospectus

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in one or more affiliated investment companies (Portfolios). Unless otherwise noted, references to investments are to the aggregate holdings of the Fund, including its pro rata share of each Portfolio in which it invests.

About Risk: 

Fund performance is sensitive to stock market volatility. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of nonpayment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. 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.


Portfolio

Asset Mix (%)7 as of Dec 31, 2017

Stocks 62.34
U.S. Common Stocks 60.77
Foreign Common Stocks 1.54
Other 0.03
Fixed Income 36.60
Investment Grade Corporate Bonds 14.04
Mortgage Backed Securities 8.69
Asset Backed Securities 5.96
U.S. Treasuries 3.13
High Yield Corporate Bonds 1.61
Commercial Mortgage Backed Securities 1.45
Collateralized Mortgage Obligations 1.34
Other 0.37
Cash 1.06
Total 100.00

GICS Sector Breakdown (%)10 as of Dec 31, 2017

Sector Fund S&P 500 Index2
Consumer Discretionary 12.21 12.20
Consumer Staples 8.73 8.20
Energy 6.13 6.07
Financials 14.79 14.78
Health Care 13.24 13.84
Industrials 10.18 10.26
Information Technology 23.83 23.76
Materials 2.90 3.00
Real Estate 2.58 2.89
Telecom Services 2.35 2.06
Utilities 3.08 2.93

Portfolio Statistics - Stock Portfolio as of Dec 31, 2017

Average Market Cap $174.2B
Price/Earnings Ratio 19.44
Price/Book 3.11
 

Portfolio Statistics - Core Bond Portfolio as of Dec 31, 2017

Average Maturity 7.71 yrs.
Average Coupon 3.43%
Effective Duration 5.40 yrs.

Credit Quality (%)11 as of Dec 31, 2017

AAA 42.33
AA 2.50
A 23.06
BBB 25.33
BB 4.28
B 0.63
Not Rated 1.87
Total 100.00
Ratings are based on Moody's, S&P or Fitch, as applicable. If securities are rated differently by the ratings agencies, the highest rating is applied. Ratings, which are subject to change, apply to the creditworthiness of the issuers of the underlying securities and not to the Fund or its shares. Credit ratings measure the quality of a bond based on the issuer's creditworthiness, with ratings ranging from AAA, being the highest, to D, being the lowest based on S&P's measures. Ratings of BBB or higher by S&P or Fitch (Baa or higher by Moody's) are considered to be investment-grade quality. Credit ratings are based largely on the ratings agency's analysis at the time of rating. The rating assigned to any particular security is not necessarily a reflection of the issuer's current financial condition and does not necessarily reflect its assessment of the volatility of a security's market value or of the liquidity of an investment in the security. Holdings designated as "Not Rated" are not rated by the national ratings agencies stated above.
 

Fund Holdings7,12 as of Dec 31, 2017

Holding Coupon Rate Maturity Date % of Net Assets
Apple Inc 0.00% 2.37%
United States Treasury Note/Bond 2.75% 08/15/2047 2.06%
Facebook Inc 0.00% 2.02%
Alphabet Inc - CL C 0.00% 1.73%
Walt Disney Co 0.00% 1.65%
Johnson & Johnson 0.00% 1.63%
Verizon Communications Inc 0.00% 1.46%
JPMorgan Chase & Co 0.00% 1.39%
Wells Fargo & Co 0.00% 1.32%
Amazon.com Inc 0.00% 1.28%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in one or more affiliated investment companies (Portfolios). Unless otherwise noted, references to investments are to the aggregate holdings of the Fund, including its pro rata share of each Portfolio in which it invests.

About Risk: 

Fund performance is sensitive to stock market volatility. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. As interest rates rise, the value of certain income investments is likely to decline. Investments in income securities may be affected by changes in the creditworthiness of the issuer and are subject to the risk of nonpayment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. 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

Charles Gaffney

Charles Gaffney

Vice President, Eaton Vance Management
Joined Eaton Vance 2003

Biography

Charles Gaffney is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s global core team. He is responsible for buy and sell decisions, portfolio construction and risk management for a number of the firm’s global core equity strategies. He is a member of the firm’s Equity Strategy Committee. He joined Eaton Vance in 2003.

Charlie began his career in the investment management industry in 1996. Before joining Eaton Vance, he was affiliated with Brown Brothers Harriman as a sector portfolio manager and Morgan Stanley Dean Witter as a senior equity analyst.

Charlie earned a B.A. from Bowdoin College in 1995 and an MBA from Fordham University in 2002.

Education
  • B.A. Bowdoin College
  • M.B.A. Graduate School of Business, Fordham University

Experience
  • Managed Fund since 2009

 
Vishal Khanduja, CFA

Vishal Khanduja, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2016

Biography

Vishal Khanduja is a vice president of Eaton Vance Management and lead portfolio manager on Eaton Vance’s core and Calvert fixed-income strategies within diversified fixed income. He leads the Calvert/Core vertical on the diversified fixed-income team and is responsible for buy and sell decisions and portfolio construction for those strategies. He joined Eaton Vance in 2016.

Vishal began his career in the investment management industry in 2005. Before joining Eaton Vance, he was a senior vice president, portfolio manager and head of taxable fixed income for Calvert Investments. Previously, he was a vice president and portfolio manager at Columbia Management and associate director of fixed-income analytics at Galliard Capital.

Vishal earned a bachelor of engineering from Veermata Jijabai Technological Institute in Mumbai, India and an MBA from the Tippie School of Management at the University of Iowa. He is a member of the CFA Institute and the CFA Society of Boston. He is a CFA charterholder.

Education
  • B.Eng. Veermata Jijabai Technological Institute, Mumbai
  • M.B.A. Tippie School of Management, University of Iowa

Experience
  • Managed Fund since 2017

Other funds managed
 
Brian S. Ellis, CFA

Brian S. Ellis, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2016

Biography

Brian Ellis is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance's diversified fixed-income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm's diversified fixed-income strategies. He joined Eaton Vance in 2016.

Brian began his career in the investment management industry in 2006. Before joining Eaton Vance, he was a portfolio manager of fixed-income strategies for Calvert Investments. Previously, he was a software engineer and analyst at Legg Mason Capital Management (now ClearBridge Investments).

Brian earned a B.S. in finance from Salisbury University. He is a member of the CFA Institute and the CFA Society of Washington, D.C. He is a CFA charterholder.

Education
  • B.S. Salisbury University

Experience
  • Managed Fund since 2017

Other funds managed
 

Literature

Literature

Annual Report

Download - Last updated: Dec 31, 2016

Full Prospectus

Download - Last updated: Jun 27, 2017

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

Download

SAI

Download - Last updated: May 1, 2017

Semi-Annual Report

Download - Last updated: Jun 30, 2017

Summary Prospectus

Download - Last updated: Jun 27, 2017

XBRL

Download - Last updated: May 17, 2017