Overview

Focused Global Opportunities Fund Hero Image

Growth of $10,000

Since inception period ended 06/30/2022

  • Class I at NAV

Historical Returns (%) as of Sep 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

Performance Inception 12/17/2015
Investment Objective Long-term capital appreciation
Total Net Assets $6.8M
Expense Ratio (Gross)2,3 2.32%
Expense Ratio (Net)2,3 0.95%
CUSIP 27830N306

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

Microsoft Corp 6.49
Alphabet Inc - CL A 5.49
Coca-Cola Co 4.84
Nestle SA 4.30
Visa Inc 3.40
Mondelez International Inc 3.08
AIA Group Ltd 3.06
Amazon.com Inc 3.00
Citigroup Inc 2.99
Danaher Corp 2.90
Total 39.56
 

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 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.
 

Calendar Year Returns (%)

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Fund at NAV -0.48 20.85 -7.80 31.77 13.88 24.90
MSCI World Index1 15.83 26.68 4.94 -0.87 7.51 22.40 -8.71 27.67 15.90 21.82
 

Fund Facts

Expense Ratio (Gross)2,3 2.32%
Expense Ratio (Net)2,3 0.95%
Performance Inception 12/17/2015
Distribution Frequency Annually
 

Morningstar Rating™ as of Aug 31, 2022

Time Period Rating Funds in
Global Large-Stock Growth
Category
Overall 306
3 Years 306
5 Years 271
10 Years 178
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. Hollow stars denote Morningstar Extended Performance Ratings and are considered estimates based on the performance of the fund's oldest share class, adjusted for fees and expenses.

©2022 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
Oct 05, 2022 $12.71 -$0.04
Oct 04, 2022 $12.75 $0.44
Oct 03, 2022 $12.31 $0.29
Sep 30, 2022 $12.02 -$0.14
Sep 29, 2022 $12.16 -$0.19
Sep 28, 2022 $12.35 $0.29
Sep 27, 2022 $12.06 -$0.08
Sep 26, 2022 $12.14 -$0.13
Sep 23, 2022 $12.27 -$0.25
Sep 22, 2022 $12.52 -$0.14
 

Distribution History6

Ex-Date Distribution Reinvest NAV
Dec 30, 2021 $0.08070 $16.58
Dec 30, 2020 $0.05110 $14.51
Dec 30, 2019 $0.12690 $12.72
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 30, 2021 $0.17980 $1.25560 $16.58
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 Jun 30, 2022

Portfolio Statistics as of Jun 30, 2022

Average Market Cap $360.2B
Price/Earnings Ratio 17.72
Number of Holdings 40
Price/Book Ratio 3.02
Countries Represented 14
Active Share7 85.76%
 

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

Assets by Country (%)5 as of Jun 30, 2022

United States 63.04
France 6.37
Spain 4.42
Germany 4.35
Hong Kong 3.06
Switzerland 2.63
Denmark 2.33
Australia 2.28
India 1.92
Cash & Other Assets 2.91
Total 100.00
View All
 

Geographic Mix (%)5 as of Jun 30, 2022

North America 63.04
Europe 24.66
Asia/Pacific 9.39
Cash & Other Assets 2.91
Total 100.00
 

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

Holding % of Net Assets
Microsoft Corp 6.37%
Alphabet Inc - CL A 5.25%
Coca-Cola Co 4.58%
Nestle SA 4.15%
Amazon.com Inc 3.45%
Visa Inc 3.31%
Citigroup Inc 3.06%
Danaher Corp 2.97%
Mondelez International Inc 2.96%
Boston Scientific Corp 2.89%
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 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

Literature

Focused Global Opportunities Fund Fact Sheet

Download Focused Global Opportunities Fund Fact Sheet - Last updated: Jul 20, 2022

Annual Report

Download Annual Report - Last updated: Nov 30, 2021

Full Prospectus

Download Full Prospectus - Last updated: Apr 1, 2022

Q1 Holdings

Download Q1 Holdings - Last updated: Feb 28, 2022

Q3 Holdings

Download Q3 Holdings - Last updated: Aug 31, 2021

Holdings - Form N-PORT

Download Holdings - Form N-PORT

SAI

Download SAI - Last updated: Apr 1, 2022

Semi-Annual Report

Download Semi-Annual Report - Last updated: May 31, 2022

Summary Prospectus

Download Summary Prospectus - Last updated: Apr 1, 2022