Overview

Growth of $10,000

10-year period ended 06/30/2016

  • Class A at NAV

Historical Returns (%)as of Jun 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2016
Fund at NAV -0.28 4.02 7.24 10.79 11.62 12.73 6.40
Fund w/Max Sales Charge -6.00 -1.98 1.08 4.39 9.44 11.41 5.78
S&P 500 Index1 0.14 4.10 7.82 12.55 12.29 14.67 7.50
06/30/2016
Fund at NAV 1.58 2.76 4.72 3.86 10.89 10.53 6.91
Fund w/Max Sales Charge -4.28 -3.15 -1.30 -2.09 8.72 9.23 6.28
S&P 500 Index1 0.26 2.46 3.84 3.99 11.64 12.09 7.42
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. Max Sales Charge: 5.75%.

Fund Factsas of Aug 31, 2016

Class A Inception 12/18/1981
Investment Objective Total return
Total Net Assets $986.3M
Minimum Investment $1000
Expense Ratio2 1.04%
CUSIP 277905832

Top 10 Holdings (%)3,4as of Jun 30, 2016

Verizon Communications Inc
Johnson & Johnson
Pfizer Inc
Microsoft Corp
Wells Fargo & Co
Apple Inc
Philip Morris International Inc
General Electric Co
Chubb Ltd
United Technologies Corp
Total 28.71

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, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2016
Fund at NAV -0.28 4.02 7.24 10.79 11.62 12.73 6.40
Fund w/Max Sales Charge -6.00 -1.98 1.08 4.39 9.44 11.41 5.78
S&P 500 Index1 0.14 4.10 7.82 12.55 12.29 14.67 7.50
Morningstar™ Large Blend Category5 0.18 3.59 6.09 8.76 10.00 12.89 6.61
06/30/2016
Fund at NAV 1.58 2.76 4.72 3.86 10.89 10.53 6.91
Fund w/Max Sales Charge -4.28 -3.15 -1.30 -2.09 8.72 9.23 6.28
S&P 500 Index1 0.26 2.46 3.84 3.99 11.64 12.09 7.42
Morningstar™ Large Blend Category5 -0.24 1.76 2.16 -0.02 9.43 10.10 6.41
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. Max Sales Charge: 5.75%.

Calendar Year Returns (%)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Fund at NAV 28.51 22.87 -37.56 12.88 9.02 1.12 13.50 25.40 11.73 2.91
S&P 500 Index1 15.79 5.49 -37.00 26.46 15.06 2.11 16.00 32.39 13.69 1.38

Fund Facts

Expense Ratio2 1.04%
Class A Inception 12/18/1981
Distribution Frequency Monthly

Yield Information6as of Aug 31, 2016

Distribution Rate at NAV 1.92%
SEC 30-day Yield 1.56%

Risk Measures (3 Year)7as of Aug 31, 2016

Alpha (%) 0.42
Beta 0.91
R-Squared (%) 96.53
Standard Deviation (%) 10.07
Sharpe Ratio 1.14

Morningstar™ Ratingsas of Aug 31, 2016

Time Period Rating Rating (Load Waived) Funds in
Large Blend
Category
Overall ** *** 1395
3 Years *** **** 1395
5 Years ** *** 1213
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.

© 2016 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
Sep 26, 2016 $13.56 -$0.11
Sep 23, 2016 $13.67 -$0.06
Sep 22, 2016 $13.73 $0.08
Sep 21, 2016 $13.65 $0.13
Sep 20, 2016 $13.52 $0.01
Sep 19, 2016 $13.51 $0.02
Sep 16, 2016 $13.49 -$0.06
Sep 15, 2016 $13.55 $0.12
Sep 14, 2016 $13.43 -$0.01
Sep 13, 2016 $13.44 -$0.19
View All

Distribution History8

Ex-Date Distribution Reinvest NAV
Sep 09, 2016 $0.02200 $13.45
Aug 09, 2016 $0.02200 $13.79
Jul 11, 2016 $0.02200 $13.63
Jun 09, 2016 $0.02200 $13.55
May 10, 2016 $0.02200 $13.34
Apr 11, 2016 $0.02200 $13.17
Mar 09, 2016 $0.02200 $12.91
Feb 09, 2016 $0.02200 $12.09
Jan 11, 2016 $0.02200 $12.42
Dec 15, 2015 $0.02200 $13.01
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
Jun 15, 2016 $0.01350 $0.11280 $13.16
Dec 15, 2015 $0.25890 $0.68740 $13.01
May 21, 2015 $0.31380 $14.76
Dec 16, 2014 $0.00790 $0.57550 $13.64
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, 2016

U.S. Common Stocks 90.86
Foreign Common Stocks 8.07
Cash 1.07
Total 100.00

Portfolio Statisticsas of Jun 30, 2016

Average Market Cap $150.2B
Price/Earnings Ratio 15.93
Number of Holdings 69
Price/Book Ratio 2.96

GICS Sector Breakdown (%)4,9as of Jun 30, 2016

Sector Fund S&P 500 Index1
Consumer Discretionary 9.65 12.28
Consumer Staples 11.31 10.56
Energy 7.31 7.40
Financials 14.07 15.75
Health Care 15.46 15.03
Industrials 9.32 9.85
Information Technology 17.25 19.77
Materials 2.67 2.82
Telecom Services 5.48 2.91
Utilities 6.41 3.63
Cash 1.07 0.00

Assets by Country (%)4as of Jun 30, 2016

United States 90.86
United Kingdom 4.01
Israel 1.83
Netherlands 1.55
Singapore 0.68
Cash & Other Assets 1.07
Total 100.00

Geographic Mix (%)4as of Jun 30, 2016

North America 90.86
Europe 5.56
Middle East 1.83
Asia/Pacific 0.68
Cash & Other Assets 1.07
Total 100.00

Fund Holdings (%)4,10as of Jul 31, 2016

Holding % of Net Assets
Microsoft Corp 3.26%
Verizon Communications Inc 3.16%
Pfizer Inc 3.14%
Johnson & Johnson 3.12%
Apple Inc 3.06%
Wells Fargo & Co 2.98%
Philip Morris International Inc 2.75%
General Electric Co 2.52%
United Technologies Corp 2.47%
Alphabet Inc - CL C 2.41%
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, 2016

Annual Report

Download - Last updated: Dec 31, 2015

Full Prospectus

Download - Last updated: May 1, 2016

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, 2016

Semi-Annual Report

Download - Last updated: Jun 30, 2016

Summary Prospectus

Download - Last updated: May 1, 2016

XBRL

Download - Last updated: May 12, 2016