Overview

Focused Global Opportunities Fund Hero Image

Growth of $10,000

10-year period ended 06/30/2021

  • Class A at NAV

Historical Returns (%) as of Sep 30, 2021

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 Sep 30, 2021

Performance Inception 12/17/2015
Investment Objective Long-term capital appreciation
Total Net Assets $7.5M
Expense Ratio (Gross)2,3 2.90%
Expense Ratio (Net)2,3 0.95%
CUSIP 27830N306

Top 10 Holdings (%)4,5 as of Jun 30, 2021

Microsoft Corp 5.69
Alphabet Inc - CL A 4.98
Amazon.com Inc 4.31
adidas AG 3.70
Walt Disney Co 3.52
Visa Inc 3.25
Coca-Cola Co 2.94
ASML Holding NV 2.76
Mondelez International Inc 2.70
AIA Group Ltd 2.60
Total 36.44
 

Morningstar Rating™ as of Sep 30, 2021

Time Period Rating Funds in
World Large-Stock Blend
Category
Overall 287
3 Years 287
5 Years 253
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.

©2021 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.
 

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

About Risk: 

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 Sep 30, 2021

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 (%)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Fund at NAV -0.48 20.85 -7.80 31.77 13.88
MSCI World Index1 -5.54 15.83 26.68 4.94 -0.87 7.51 22.40 -8.71 27.67 15.90
 

Fund Facts

Expense Ratio (Gross)2,3 2.90%
Expense Ratio (Net)2,3 0.95%
Performance Inception 12/17/2015
Distribution Frequency Annually
 

Morningstar Rating™ as of Sep 30, 2021

Time Period Rating Funds in
World Large-Stock Blend
Category
Overall 287
3 Years 287
5 Years 253
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.

©2021 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 15, 2021 $17.52 $0.16
Oct 14, 2021 $17.36 $0.23
Oct 13, 2021 $17.13 $0.16
Oct 12, 2021 $16.97 -$0.04
Oct 11, 2021 $17.01 -$0.12
Oct 08, 2021 $17.13 -$0.03
Oct 07, 2021 $17.16 $0.19
Oct 06, 2021 $16.97 $0.02
Oct 05, 2021 $16.95 $0.18
Oct 04, 2021 $16.77 -$0.20
 

Distribution History6

Ex-Date Distribution Reinvest NAV
Dec 30, 2020 $0.05110 $14.51
Dec 30, 2019 $0.12690 $12.72
Dec 28, 2018 $0.11980 $9.69
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 28, 2018 $0.15680 $0.58400 $9.69
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: 

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, 2021

Portfolio Statistics as of Jun 30, 2021

Average Market Cap $390.7B
Price/Earnings Ratio 25.42
Number of Holdings 42
Price/Book Ratio 4.27
Countries Represented 14
Active Share7 85.57%
 

GICS Sector Breakdown (%)5 as of Jun 30, 2021

Assets by Country (%)5 as of Jun 30, 2021

 

Geographic Mix (%)5 as of Jun 30, 2021

North America 57.33
Europe 31.88
Asia/Pacific 9.93
Cash & Other Assets 0.86
Total 100.00
 

Fund Holdings (%)5,8 as of Aug 31, 2021

Holding % of Net Assets
Microsoft Corp 5.99%
Alphabet Inc - CL A 5.58%
Amazon.com Inc 4.12%
Walt Disney Co 3.43%
adidas AG 3.32%
ASML Holding NV 3.15%
Visa Inc 3.00%
EV Cash Reserves Fund LLC 2.91%
GXO Logistics Inc 2.89%
Coca-Cola Co 2.88%
View All

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

About Risk: 

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

Vice President, Director of Global Equity, Eaton Vance Advisers International Ltd.
Joined Eaton Vance 2015

Biography

Chris Dyer is a vice president of Eaton Vance Advisers International Ltd. and director of global equity. He is responsible for leading the global large-cap equity team, and is a portfolio manager for global and international equity portfolios. He joined Eaton Vance in 2015.

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: Jun 30, 2021

Annual Report

Download Annual Report - Last updated: Nov 30, 2020

Full Prospectus

Download Full Prospectus - Last updated: Apr 1, 2021

Q1 Holdings

Download Q1 Holdings - Last updated: Feb 28, 2021

Q3 Holdings

Download Q3 Holdings - Last updated: Aug 31, 2020

Holdings - Form N-PORT

Download Holdings - Form N-PORT

SAI

Download SAI - Last updated: Apr 1, 2021

Semi-Annual Report

Download Semi-Annual Report - Last updated: May 31, 2021

Summary Prospectus

Download Summary Prospectus - Last updated: Apr 1, 2021