Overview

Growth of $10,000

10-year period ended 06/30/2017

  • Class A at NAV

Historical Returns (%)as of Jun 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
Fund at NAV 0.67 2.11 6.39 11.10 7.59 12.50 5.09
S&P 500 Index1 0.62 3.09 9.34 17.90 9.60 14.62 7.18
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 Factsas of Jun 30, 2017

Class I Inception 06/20/2005
Performance Inception 12/18/1981
Investment Objective Total return
Total Net Assets $953.6M
Minimum Investment $250000
Expense Ratio2 0.79%
CUSIP 277905634

Top 10 Holdings (%)3,4as of Jun 30, 2017

Apple Inc
Verizon Communications Inc
Alphabet Inc - CL C
Pfizer Inc
Microsoft Corp
JPMorgan Chase & Co
Wells Fargo & Co
Chubb Ltd
Time Warner Inc
General Electric Co
Total 25.99

Portfolio Management

Charles Gaffney Managed Fund since 2007

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk: 

Fund performance is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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 Jun 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
Fund at NAV 0.67 2.11 6.39 11.10 7.59 12.50 5.09
S&P 500 Index1 0.62 3.09 9.34 17.90 9.60 14.62 7.18
Morningstar Large Blend Category5 0.76 2.92 8.65 17.17 7.60 13.35 6.21
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 (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV 23.25 -37.40 13.15 9.18 1.38 13.91 25.72 12.01 3.10 9.49
S&P 500 Index1 5.49 -37.00 26.46 15.06 2.11 16.00 32.39 13.69 1.38 11.96

Fund Facts

Expense Ratio2 0.79%
Class I Inception 06/20/2005
Performance Inception 12/18/1981
Distribution Frequency Monthly

Yield Information6as of Jun 30, 2017

Distribution Rate at NAV 2.11%
SEC 30-day Yield 1.81%

Risk Measures (3 Year)7as of Jun 30, 2017

Alpha (%) -0.78
Beta 0.88
R-Squared (%) 94.84
Standard Deviation (%) 9.34
Sharpe Ratio 0.79

Morningstar Rating™as of Jun 30, 2017

Time Period Rating Funds in
Large Blend
Category
Overall ** 1223
3 Years *** 1223
5 Years ** 1080
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds and exchange-traded funds) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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.

The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Star ratings do not reflect the effect of any applicable sales load.

©2017 Morningstar. 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 are responsible for any damages or losses arising from any use of this information.

NAV History

Date NAV NAV Change
Jul 26, 2017 $14.25 -$0.23
Jul 25, 2017 $14.48 $0.02
Jul 24, 2017 $14.46 -$0.02
Jul 21, 2017 $14.48 -$0.01
Jul 20, 2017 $14.49 $0.01
Jul 19, 2017 $14.48 $0.09
Jul 18, 2017 $14.39 $0.01
Jul 17, 2017 $14.38 $0.01
Jul 14, 2017 $14.37 $0.07
Jul 13, 2017 $14.30 $0.04

Distribution History8

Ex-Date Distribution Reinvest NAV
Jul 11, 2017 $0.02510 $14.16
Jun 09, 2017 $0.02500 $14.24
May 09, 2017 $0.02470 $14.06
Apr 11, 2017 $0.02520 $13.91
Mar 09, 2017 $0.02470 $13.91
Feb 09, 2017 $0.02480 $13.66
Jan 10, 2017 $0.02470 $13.57
Dec 13, 2016 $0.02520 $13.60
Nov 09, 2016 $0.02460 $13.40
Oct 11, 2016 $0.02500 $13.40
View All
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
Jul 26, 2017 $0.01590 $0.20480 $14.25
Dec 13, 2016 $0.39480 $13.60
Jun 15, 2016 $0.01350 $0.11280 $13.15
Dec 15, 2015 $0.25890 $0.68740 $12.99
May 21, 2015 $0.31380 $14.76
Dec 16, 2014 $0.00790 $0.57550 $13.63
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 an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk: 

Fund performance is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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 (%)4,9as of Jun 30, 2017

U.S. Common Stocks 93.67
Foreign Common Stocks 6.33
Cash 0.00
Total 100.00

Portfolio Statisticsas of Jun 30, 2017

Average Market Cap $160.5B
Price/Earnings Ratio 17.10
Number of Holdings 86
Price/Book Ratio 2.81

GICS Sector Breakdown (%)4,9as of Jun 30, 2017

Sector Fund S&P 500 Index1
Consumer Discretionary 11.92 12.27
Consumer Staples 8.89 9.05
Energy 6.36 6.01
Financials 14.58 14.55
Health Care 14.73 14.51
Industrials 8.21 10.28
Information Technology 21.46 22.26
Materials 3.33 2.85
Real Estate 3.44 2.93
Telecom Services 3.85 2.14
Utilities 3.22 3.16
Cash 0.00

Assets by Country (%)4as of Jun 30, 2017

United States 93.67
United Kingdom 2.81
Canada 1.05
Australia 0.99
Netherlands 0.98
Taiwan 0.50
Cash & Other Assets 0.00
Total 100.00

Geographic Mix (%)4as of Jun 30, 2017

North America 94.72
Europe 3.78
Asia/Pacific 1.49
Cash & Other Assets 0.00
Total 100.00

Fund Holdings (%)4,10as of May 31, 2017

Holding % of Net Assets
Apple Inc 4.88%
Verizon Communications Inc 3.02%
Alphabet Inc - CL C 2.84%
Philip Morris International Inc 2.73%
Microsoft Corp 2.63%
Pfizer Inc 2.54%
Time Warner Inc 2.39%
JPMorgan Chase & Co 2.23%
General Electric Co 2.14%
Chubb Ltd 2.13%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk: 

Fund performance is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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.


Insights & Analysis

Commentary

No commentary information is currently available.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk: 

Fund performance is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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.

Attribution

No attribution information is currently available.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk: 

Fund performance is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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

Biography
Charles Gaffney

Charles Gaffney

Vice President, Eaton Vance Management
Joined Eaton Vance 2003

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 2007

 

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2017

Annual Report

Download - Last updated: Dec 31, 2016

Full Prospectus

Download - Last updated: May 1, 2017

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

Download

Eaton Vance Announces Upcoming Retirement of Judith A. Saryan, CFA, and Changes to Eaton Vance Dividend Fund Portfolio Teams

Download - Last updated: Nov 21, 2013

SAI

Download - Last updated: May 1, 2017

Semi-Annual Report

Download - Last updated: Jun 30, 2016

Summary Prospectus

Download - Last updated: May 1, 2017

XBRL

Download - Last updated: May 17, 2017