Overview

Historical Returns (%) as of Jun 30, 2022

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. The share class has no sales charge.
 

Fund Facts as of Aug 31, 2022

Class I Inception 04/29/2022
Investment Objective Total return
Expense Ratio (Gross)2 0.84%
Expense Ratio (Net)2,3 0.74%
CUSIP 131582140

Top 10 Holdings (%)4,5 as of Jun 30, 2022

Bristol-Myers Squibb Co 5.48
Verizon Communications Inc 4.76
NextEra Energy Inc 4.64
Alphabet Inc - CL A 4.06
Goldman Sachs Group Inc 4.06
Thermo Fisher Scientific Inc 4.04
M&T Bank Corp 3.93
Wells Fargo & Co 3.90
BJ's Wholesale Club Holdings Inc 3.86
Sanofi 3.53
Total 42.25
 

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

RISK CONSIDERATIONS 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities 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, currency exchange rates or other conditions. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. 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 Jun 30, 2022

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. The share class has no sales charge.
 

Fund Facts

Expense Ratio (Gross)2 0.84%
Expense Ratio (Net)2,3 0.74%
Class I Inception 04/29/2022
Distribution Frequency Annually

Yield Information as of Aug 31, 2022

Distribution Rate at NAV
Subsidized SEC 30-day Yield6 0.93%
Unsubsidized SEC 30-day Yield -6.19%
 

NAV History

Date NAV NAV Change
Sep 30, 2022 $9.05 -$0.10
Sep 29, 2022 $9.15 -$0.17
Sep 28, 2022 $9.32 $0.17
Sep 27, 2022 $9.15 -$0.01
Sep 26, 2022 $9.16 -$0.12
Sep 23, 2022 $9.28 -$0.14
Sep 22, 2022 $9.42 -$0.09
Sep 21, 2022 $9.51 -$0.12
Sep 20, 2022 $9.63 -$0.14
Sep 19, 2022 $9.77 $0.07
 

Distribution History7

Ex-Date Distribution Reinvest NAV
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

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

RISK CONSIDERATIONS 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities 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, currency exchange rates or other conditions. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. 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 as of Jun 30, 2022

Portfolio Statistics as of Jun 30, 2022

Average Market Cap $132.5B
Price/Earnings Ratio 14.53
Number of Holdings 30
Price/Book Ratio 2.22
Active Share8 90.97%
 

GICS Sector Breakdown (%)5 as of Jun 30, 2022

 

Fund Holdings (%)5,9 as of Jul 31, 2022

Holding % of Net Assets
Bristol-Myers Squibb Co 4.84%
NextEra Energy Inc 4.67%
Alphabet Inc - CL A 4.25%
Goldman Sachs Group Inc 4.20%
M&T Bank Corp 4.08%
Wells Fargo & Co 4.02%
Verizon Communications Inc 3.99%
BJ's Wholesale Club Holdings Inc 3.86%
Westinghouse Air Brake Technologies Corp 3.75%
Thermo Fisher Scientific Inc 3.58%
View All

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

RISK CONSIDERATIONS 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities 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, currency exchange rates or other conditions. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. 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

Aaron Dunn, CFA

Aaron Dunn, CFA

Managing Director, Co-Head of Value Equity
Joined Eaton Vance 2012

Biography

Aaron is a managing director of Morgan Stanley. He is Co-Head of Value Equity and a portfolio manager on the Eaton Vance Value team. He is responsible for buy and sell decisions, portfolio construction and risk management. He is a member of the Eaton Vance Equity Strategy Committee. He joined Eaton Vance in 2012. Morgan Stanley acquired Eaton Vance in March 2021.

Aaron began his career in the investment management industry in 2000. Before joining Eaton Vance, Aaron was a senior equity analyst for Amundi Pioneer. He was previously affiliated with Invesco.

Aaron earned a B.S. from the University of Arkansas and an MBA from The University of Texas at Austin McCombs School of Business. He is a member of CFA Society Boston and a CFA charterholder.

Education
  • B.S. University of Arkansas
  • M.B.A. University of Texas at Austin

Experience
  • Managed Fund since inception

 
Brad Galko, CFA

Brad Galko, CFA

Managing Director, Co-Head of Value Equity
Joined Eaton Vance 2013

Biography

Brad is a managing director of Morgan Stanley. He is Co-Head of Value Equity and a portfolio manager on the Eaton Vance Value team. He is responsible for buy and sell decisions, portfolio construction and risk management. He is a member of the Eaton Vance Equity Strategy Committee. He joined Eaton Vance in 2013. Morgan Stanley acquired Eaton Vance in March 2021.

Brad began his career in the investment management industry in 1991. Before joining Eaton Vance, Brad was a vice president and senior equity analyst at Amundi Pioneer. Previously, he was a vice president and senior equity research analyst at Morgan Stanley & Co.

Brad earned a B.B.A., magna cum laude, from the University of Notre Dame. He is a CFA charterholder and member of CFA Society Boston.

Education
  • B.B.A University of Notre Dame

Experience
  • Managed Fund since inception

 

Literature

Literature

Full Prospectus

Download Full Prospectus - Last updated: Apr 29, 2022

Q3 Holdings

Download Q3 Holdings - Last updated: Jun 30, 2022

SAI

Download SAI - Last updated: Apr 29, 2022

Summary Prospectus

Download Summary Prospectus - Last updated: Apr 29, 2022