Overview

Portfolio Construction

Historical Returns (%)as of Jun 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
08/31/2017
Fund at NAV -0.71 2.56 13.32 12.66 7.55
MSCI World Index1 0.14 2.93 13.47 16.19 5.91 11.09 12.68
06/30/2017
Fund at NAV 0.27 4.27 10.80 15.56 6.84
MSCI World Index1 0.38 4.03 10.66 18.20 5.23 11.38 12.33
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 Factsas of Aug 31, 2017

Class I Inception 12/17/2015
Investment Objective Long-term capital appreciation
Total Net Assets $4.3M
Minimum Investment $250000
Expense Ratio (Gross)2 4.47%
Expense Ratio (Net)2,3 0.96%
CUSIP 27830N306

Top 10 Holdings (%)4,5as of Jun 30, 2017

Alphabet Inc - CL A
Royal Dutch Shell PLC
Wells Fargo & Co
Facebook Inc
Interpublic Group of Cos Inc
Visa Inc
Unilever PLC
Mitsubishi UFJ Financial Group Inc
CDW Corp/DE
Estee Lauder Cos Inc
Total 33.88

Portfolio Management

Christopher M. Dyer, CFA Managed Fund since inception

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

About Risk: 

Fund performance 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 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. 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. Life of Fund
08/31/2017
Fund at NAV -0.71 2.56 13.32 12.66 7.55
MSCI World Index1 0.14 2.93 13.47 16.19 5.91 11.09 12.68
06/30/2017
Fund at NAV 0.27 4.27 10.80 15.56 6.84
MSCI World Index1 0.38 4.03 10.66 18.20 5.23 11.38 12.33
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.

Calendar Year Returns (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV -0.48
MSCI World Index1 9.04 -40.71 29.99 11.76 -5.54 15.83 26.68 4.94 -0.87 7.51

Fund Facts

Expense Ratio (Gross)2 4.47%
Expense Ratio (Net)2,3 0.96%
Class I Inception 12/17/2015
Distribution Frequency Annually

NAV History

Date NAV NAV Change
Sep 21, 2017 $11.43 -$0.02
Sep 20, 2017 $11.45 $0.00
Sep 19, 2017 $11.45 $0.02
Sep 18, 2017 $11.43 $0.02
Sep 15, 2017 $11.41 $0.01
Sep 14, 2017 $11.40 $0.00
Sep 13, 2017 $11.40 -$0.03
Sep 12, 2017 $11.43 $0.05
Sep 11, 2017 $11.38 $0.08
Sep 08, 2017 $11.30 $0.01

Distribution History6

Ex-Date Distribution Reinvest NAV
Dec 29, 2016 $0.08160 $9.90
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
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.

About Risk: 

Fund performance 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 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. 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 (%)5as of Jun 30, 2017

U.S. Common Stocks 51.05
Foreign Common Stocks 46.79
Cash 2.16
Total 100.00

Portfolio Statisticsas of Jun 30, 2017

Average Market Cap $117.8B
Price/Earnings Ratio 18.94
Number of Holdings 41
Price/Book Ratio 2.75
Countries Represented 13

GICS Sector Breakdown (%)5as of Jun 30, 2017

Sector Fund MSCI World Index1
Consumer Discretionary 11.48 12.32
Consumer Staples 10.72 9.67
Energy 6.79 6.04
Financials 20.31 18.01
Health Care 11.15 12.55
Industrials 11.66 11.51
Information Technology 17.43 15.65
Materials 4.79 4.90
Real Estate 3.52 3.21
Telecom Services 2.95
Utilities 3.19
Cash 2.16

Assets by Country (%)5as of Jun 30, 2017

United States 51.05
United Kingdom 8.08
Netherlands 6.59
Japan 5.82
Belgium 4.68
France 3.90
Denmark 3.54
Ireland 2.84
Sweden 2.62
Australia 2.35
Total 100.00
View All

Geographic Mix (%)5as of Jun 30, 2017

North America 51.05
Europe 36.31
Asia/Pacific 10.47
Cash & Other Assets 2.16
Total 100.00

Fund Holdings (%)5,7as of Jul 31, 2017

Holding % of Net Assets
Royal Dutch Shell PLC 4.04%
Alphabet Inc - CL A 4.01%
Facebook Inc 3.83%
Wells Fargo & Co 3.64%
Interpublic Group of Cos Inc 3.29%
Visa Inc 3.21%
Unilever PLC 3.11%
ASML Holding NV 2.90%
Estee Lauder Cos Inc 2.81%
BNP Paribas SA 2.79%
View All

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

About Risk: 

Fund performance 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 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. 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

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

About Risk: 

Fund performance 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 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. 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.

About Risk: 

Fund performance 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 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. 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
Christopher M. Dyer, CFA

Christopher M. Dyer, CFA

Vice President, Director of Global Equity, Eaton Vance Management (International) Limited
Joined Eaton Vance 2015

Christopher Dyer is a vice president of Eaton Vance Management (International) Limited and director of global equity. He is responsible for building and leading a global equity investment team, and managing global and international equity portfolios. He joined Eaton Vance in 2015.

Chris began his career in the financial services industry in 2001. 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

Literature

Fact Sheet

Download - Last updated: Jun 30, 2017

Annual Report

Download - Last updated: Nov 30, 2016

Full Prospectus

Download - Last updated: Apr 1, 2017

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

Download

SAI

Download - Last updated: Apr 1, 2017

Semi-Annual Report

Download - Last updated: May 31, 2017

Summary Prospectus

Download - Last updated: Apr 1, 2017

XBRL

Download - Last updated: Apr 7, 2017