Overview

Portfolio Construction

Historical Returns (%)as of Dec 31, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
01/31/2017
Fund at NAV 3.23 5.36 3.23 9.03 2.79
MSCI World Index1 2.41 6.37 2.41 17.11 5.95 9.85 9.42
12/31/2016
Fund at NAV 2.06 -0.38 -0.48 -0.48 -0.08
MSCI World Index1 2.39 1.86 7.51 7.51 3.80 10.40 7.73
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 Jan 31, 2017

Class I Inception 12/17/2015
Investment Objective Long-term capital appreciation
Total Net Assets $3.6M
Minimum Investment $250000
Expense Ratio (Gross)2 1.10%
Expense Ratio (Net)2,3 0.95%
CUSIP 27830N306

Top 10 Holdings (%)4,5as of Dec 31, 2016

Alphabet Inc - CL A
ASML Holding NV
Facebook Inc
Occidental Petroleum Corp
Wells Fargo & Co
Schlumberger Ltd
Union Pacific Corp
Visa Inc
Nippon Telegraph & Telephone Corp
Shire PLC
Total 38.68

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 Dec 31, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
01/31/2017
Fund at NAV 3.23 5.36 3.23 9.03 2.79
MSCI World Index1 2.41 6.37 2.41 17.11 5.95 9.85 9.42
Morningstar™ World Stock Category6 3.00 5.11 3.00 15.39 4.33 8.66
12/31/2016
Fund at NAV 2.06 -0.38 -0.48 -0.48 -0.08
MSCI World Index1 2.39 1.86 7.51 7.51 3.80 10.40 7.73
Morningstar™ World Stock Category6 1.51 -0.37 5.54 5.54 2.10 9.24
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 1.10%
Expense Ratio (Net)2,3 0.95%
Class I Inception 12/17/2015
Distribution Frequency Annually

NAV History

Date NAV NAV Change
Feb 24, 2017 $10.44 -$0.03
Feb 23, 2017 $10.47 $0.00
Feb 22, 2017 $10.47 -$0.03
Feb 21, 2017 $10.50 $0.03
Feb 17, 2017 $10.47 $0.02
Feb 16, 2017 $10.45 $0.00
Feb 15, 2017 $10.45 $0.04
Feb 14, 2017 $10.41 $0.02
Feb 13, 2017 $10.39
Feb 10, 2017 $10.36 $0.04

Distribution History7

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 History7

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 Dec 31, 2016

U.S. Common Stocks 59.96
Foreign Common Stocks 38.54
Cash 1.51
Total 100.00

Portfolio Statisticsas of Dec 31, 2016

Average Market Cap $109.6B
Price/Earnings Ratio 18.70
Number of Holdings 39
Price/Book Ratio 2.69
Countries Represented 11

GICS Sector Breakdown (%)5as of Dec 31, 2016

Sector Fund MSCI World Index1
Consumer Discretionary 12.32 12.32
Consumer Staples 7.32 9.75
Energy 7.76 7.29
Financials 18.14 18.01
Health Care 12.08 12.05
Industrials 12.14 11.20
Information Technology 21.37 14.62
Materials 1.81 5.02
Real Estate 2.42 3.20
Telecom Services 3.14 3.36
Utilities 0.00 3.19
Cash 1.51 0.00

Assets by Country (%)5as of Dec 31, 2016

United States 59.96
Japan 8.67
United Kingdom 6.32
France 4.91
Netherlands 4.35
Denmark 3.47
Belgium 2.79
Hong Kong 2.77
Switzerland 1.92
Sweden 1.81
Total 100.00
View All

Geographic Mix (%)5as of Dec 31, 2016

North America 59.96
Europe 27.10
Asia/Pacific 11.44
Cash & Other Assets 1.51
Total 100.00

Fund Holdings (%)5,8as of Dec 31, 2016

Holding % of Net Assets
Alphabet Inc - CL A 5.03%
ASML Holding NV 4.39%
Facebook Inc 4.28%
Occidental Petroleum Corp 4.17%
Wells Fargo & Co 4.06%
Schlumberger Ltd 3.66%
Union Pacific Corp 3.61%
Visa Inc 3.34%
Nippon Telegraph & Telephone Corp 3.17%
Shire PLC 2.98%
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

No commentary 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.

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: Dec 31, 2016

Annual Report

Download - Last updated: Nov 30, 2016

Full Prospectus

Download - Last updated: Dec 15, 2015

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

Download

SAI

Download - Last updated: Dec 15, 2015

Semi-Annual Report

Download - Last updated: May 31, 2016

Summary Prospectus

Download - Last updated: Dec 15, 2015

XBRL

Download - Last updated: Dec 15, 2015