Overview

Growth of $10,000

Since Fund inception ended 09/30/2017

  • Class A at NAV

Historical Returns (%)as of Sep 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
10/31/2017
Fund at NAV 1.70 4.73 12.72 20.34 7.12 12.28 10.41
Russell 1000® Value Index1 0.73 2.50 8.70 17.78 7.99 13.47 11.62
09/30/2017
Fund at NAV 3.72 3.55 10.84 16.03 6.71 11.84 10.27
Russell 1000® Value Index1 2.96 3.11 7.92 15.12 8.53 13.19 11.66
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 Oct 31, 2017

Class I Inception 03/07/2011
Investment Objective Total return
Total Net Assets $64.2M
Minimum Investment $250000
Expense Ratio (Gross)2 1.01%
Expense Ratio (Net)2,3 0.80%
CUSIP 277902516

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

JPMorgan Chase & Co
Johnson & Johnson
Wells Fargo & Co
Chubb Ltd
Verizon Communications Inc
NextEra Energy Inc
Chevron Corp
CH Robinson Worldwide Inc
Estee Lauder Cos Inc
Alphabet Inc - CL C
Total 40.89

Portfolio Management

John D. Crowley Managed Fund since inception
Edward J. Perkin, CFA Managed Fund since 2014

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. 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, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
10/31/2017
Fund at NAV 1.70 4.73 12.72 20.34 7.12 12.28 10.41
Russell 1000® Value Index1 0.73 2.50 8.70 17.78 7.99 13.47 11.62
Morningstar Large Value Category6 1.09 3.42 10.66 19.35 7.77 12.64
09/30/2017
Fund at NAV 3.72 3.55 10.84 16.03 6.71 11.84 10.27
Russell 1000® Value Index1 2.96 3.11 7.92 15.12 8.53 13.19 11.66
Morningstar Large Value Category6 3.20 3.80 9.41 16.17 7.99 12.23
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 17.87 32.47 10.27 -0.21 7.78
Russell 1000® Value Index1 -0.17 -36.85 19.69 15.51 0.39 17.51 32.53 13.45 -3.83 17.34

Fund Facts

Expense Ratio (Gross)2 1.01%
Expense Ratio (Net)2,3 0.80%
Class I Inception 03/07/2011
Distribution Frequency Annually

Risk Measures (3 Year)7as of Oct 31, 2017

Alpha (%) 0.17
Beta 0.87
R-Squared (%) 89.12
Standard Deviation (%) 9.47
Sharpe Ratio 0.72

Morningstar Rating™as of Oct 31, 2017

Time Period Rating Funds in
Large Value
Category
Overall *** 1102
3 Years *** 1102
5 Years *** 956
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.

©2017 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
Nov 21, 2017 $16.35 $0.07
Nov 20, 2017 $16.28 $0.02
Nov 17, 2017 $16.26 -$0.03
Nov 16, 2017 $16.29 $0.08
Nov 15, 2017 $16.21 -$0.07
Nov 14, 2017 $16.28 -$0.03
Nov 13, 2017 $16.31 $0.02
Nov 10, 2017 $16.29 -$0.01
Nov 09, 2017 $16.30 -$0.04
Nov 08, 2017 $16.34 $0.00

Distribution History8

Ex-Date Distribution Reinvest NAV
Jul 26, 2017 $0.02480 $15.53
Dec 08, 2016 $0.20050 $14.32
Jun 15, 2016 $0.01010 $13.49
Dec 10, 2015 $0.18720 $13.42
May 21, 2015 $0.02100 $14.27
Dec 11, 2014 $0.08390 $13.89
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 History8

Ex-Date Short-Term Long-Term Reinvest NAV
May 21, 2015 $0.15420 $0.20160 $14.27
Dec 11, 2014 $0.18100 $0.57780 $13.89
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. 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 (%)5,9as of Sep 30, 2017

U.S. Common Stocks 94.97
Foreign Common Stocks 3.29
Cash 1.74
Total 100.00

Portfolio Statisticsas of Sep 30, 2017

Average Market Cap $151.3B
Price/Earnings Ratio 19.45
Number of Holdings 39
Price/Book Ratio 2.42

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

Sector Fund Russell 1000® Value Index1
Consumer Discretionary 6.48 6.76
Consumer Staples 8.77 8.69
Energy 10.63 10.89
Financials 27.50 26.00
Health Care 11.92 13.89
Industrials 7.27 8.54
Information Technology 11.34 8.19
Materials 2.87
Real Estate 5.27 4.84
Telecom Services 3.66 3.17
Utilities 5.42 6.15
Cash 1.74

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

United States 94.97
Switzerland 3.29
Cash & Other Assets 1.74
Total 100.00

Fund Holdings (%)5,10as of Sep 30, 2017

Holding % of Net Assets
JPMorgan Chase & Co 5.84%
Johnson & Johnson 5.21%
Wells Fargo & Co 5.09%
Chubb Ltd 3.84%
Verizon Communications Inc 3.66%
NextEra Energy Inc 3.63%
Chevron Corp 3.52%
CH Robinson Worldwide Inc 3.41%
Estee Lauder Cos Inc 3.36%
Alphabet Inc - CL C 3.36%
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. 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. 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. 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
John D. Crowley

John D. Crowley

Vice President, Eaton Vance Management
Joined Eaton Vance 1998

John Crowley is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s value team. In addition, he serves as lead portfolio manager of Eaton Vance’s focused value strategy. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s value equity strategies. He is a member of the firm’s Equity Strategy Committee. He began his career in the investment management industry with Eaton Vance in 1998.

John earned a B.A. and an M.A. from The Catholic University of America and an MBA from Babson College. He is a member of the CFA Institute and the Boston Security Analysts Society.

Education
  • B.A., M.A., The Catholic University of America
  • M.B.A. F.W. Olin Graduate School of Business, Babson College

Experience
  • Managed Fund since inception

Biography
Edward J. Perkin, CFA

Edward J. Perkin, CFA

Vice President, Chief Equity Investment Officer
Eaton Vance Management
Joined Eaton Vance 2014

Eddie Perkin is a vice president of Eaton Vance Management and chief equity investment officer. He is responsible for all equity disciplines at Eaton Vance. Additionally, he serves as lead portfolio manager of Eaton Vance’s large-cap value strategy. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s large-cap value equity portfolios. He is head of the firm’s Equity Strategy Committee and a member of the Eaton Vance Management Committee. He joined Eaton Vance in April 2014.

Eddie began his career in the financial services industry in 1993. Before joining Eaton Vance, he served as chief investment officer (international and emerging-market equity) as well as managing director/portfolio manager (Europe, EAFE and Global) at Goldman Sachs Asset Management (GSAM) in London. Before relocating to London in 2008, Eddie was a portfolio manager and analyst on GSAM’s U.S. value equity team in New York. Eddie was previously associated with FISERV and American Retirement Insurance Services.

Eddie earned a B.A. from the University of California, Santa Barbara, and an MBA from Columbia Business School. He is a CFA charterholder and is a member of the board of directors of Junior Achievement of Northern New England.

Education
  • B.A. University of California, Santa Barbara
  • M.B.A. Columbia University

Experience
  • Managed Fund since 2014


Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2017

Annual Report

Download - Last updated: Feb 28, 2017

Full Prospectus

Download - Last updated: Jul 1, 2017

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

Download

SAI

Download - Last updated: Jul 1, 2017

Semi-Annual Report

Download - Last updated: Aug 31, 2017

Summary Prospectus

Download - Last updated: Jul 1, 2017

XBRL

Download - Last updated: Jul 14, 2017