Overview

Historical Returns (%) as of Dec 31, 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.
 

Fund Facts as of Dec 31, 2022

Performance Inception 12/17/2015
Investment Objective Long-term capital appreciation
Total Net Assets $9.4M
Expense Ratio (Gross)2,3 2.57%
Expense Ratio (Net)2,3 1.20%
CUSIP 27830N827

Top 10 Holdings (%)4,5 as of Dec 31, 2022

Microsoft Corp 6.15
Coca-Cola Co 4.57
JPMorgan Chase & Co 4.22
Nestle SA 4.16
Alphabet Inc - CL A 3.60
Visa Inc 3.45
Mondelez International Inc 3.20
AIA Group Ltd 3.09
Iberdrola SA 3.02
Danaher Corp 2.93
Total 38.40
 

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. In emerging countries, these risks may be more significant. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry including REITs. 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. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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, 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.
 

Calendar Year Returns (%)

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Fund at NAV -18.72
MSCI World Index1 26.68 4.94 -0.87 7.51 22.40 -8.71 27.67 15.90 21.82 -18.14
 

Fund Facts

Expense Ratio (Gross)2,3 2.57%
Expense Ratio (Net)2,3 1.20%
Performance Inception 12/17/2015
Distribution Frequency
 

NAV History

Date NAV NAV Change
Feb 03, 2023 $14.37 -$0.17
Feb 02, 2023 $14.54 $0.16
Feb 01, 2023 $14.38 $0.15
Jan 31, 2023 $14.23 $0.15
Jan 30, 2023 $14.08 -$0.14
Jan 27, 2023 $14.22 $0.00
Jan 26, 2023 $14.22 $0.07
Jan 25, 2023 $14.15 -$0.03
Jan 24, 2023 $14.18 -$0.05
Dec 31, 2022 $13.24 $0.00
 

Distribution History6

Ex-Date Distribution Reinvest NAV
Dec 27, 2022 $0.03950 $13.20
Dec 30, 2021 $0.08060 $16.57
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 History6

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 27, 2022 $0.18840 $13.20
Dec 30, 2021 $0.17980 $1.25560 $16.57
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. In emerging countries, these risks may be more significant. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry including REITs. 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. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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 Dec 31, 2022

Portfolio Statistics as of Dec 31, 2022

Average Market Cap $308.6B
Price/Earnings Ratio 17.92
Number of Holdings 40
Price/Book Ratio 3.12
Countries Represented 13
Active Share7 85.99%
 

GICS Sector Breakdown (%)5 as of Dec 31, 2022

Assets by Country (%)5 as of Dec 31, 2022

United States 61.88
France 8.78
Switzerland 6.74
Spain 4.42
Hong Kong 3.09
Denmark 2.85
India 2.23
Germany 2.14
Japan 2.13
United Kingdom 1.82
Total 100.00
View All
 

Geographic Mix (%)5 as of Dec 31, 2022

North America 61.88
Europe 28.48
Asia/Pacific 8.98
Cash & Other Assets 0.67
Total 100.00
 

Fund Holdings (%)5,8 as of Dec 31, 2022

Holding % of Net Assets
Microsoft Corp 6.17%
Coca-Cola Co 4.58%
JPMorgan Chase & Co 4.23%
Nestle SA 4.17%
Alphabet Inc - CL A 3.61%
Visa Inc 3.45%
Mondelez International Inc 3.21%
AIA Group Ltd 3.10%
Iberdrola SA 3.03%
Danaher Corp 2.94%
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. In emerging countries, these risks may be more significant. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry including REITs. 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. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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

Christopher M. Dyer, CFA

Christopher M. Dyer, CFA

Managing Director, Head of Global Equities
Joined Eaton Vance 2015

Biography

Chris is a managing director of Morgan Stanley. He is Head of the Eaton Vance Global Equity team and a portfolio manager for global and international equity portfolios. He is also a portfolio manager for Calvert Research and Management global and international equity portfolios. He joined Eaton Vance in 2015. Morgan Stanley acquired Eaton Vance in March 2021.

Chris began his career in the financial services industry in 1995. Before joining Eaton Vance, he was managing director and head of European equity for Goldman Sachs Asset Management (GSAM), where he was affiliated since 2001.

Chris earned a B.S., cum laude, from Georgetown University and an MBA from The Wharton School, University of Pennsylvania. He is a CFA charterholder.

Education
  • B.S. Georgetown University
  • M.B.A. The Wharton School, University of Pennsylvania

Experience
  • Managed Fund since inception

 

Literature

Please see Important Fund Documents under Resources (above).