Overview

Historical Returns (%) as of Jun 30, 2019

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.
 

Fund Facts as of Jun 30, 2019

Class I Inception 12/31/2018
Investment Objective Total return
Total Net Assets $7.3M
Minimum Investment $250000
Expense Ratio (Gross)2 0.86%
Expense Ratio (Net)2,3 0.65%
CUSIP 27826A649
 

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. 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. U.S. Treasury securities generally have a lower return than other obligations because of their higher credit quality and market liquidity. While certain U.S. Government-sponsored agencies may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Treasury. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Because the Fund may invest significantly in a particular geographic region or country, value of Fund shares may fluctuate more than a fund with less exposure to such areas. As interest rates rise, the value of certain income investments is likely to decline. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. A non-diversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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. 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, 2019

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.
 

Fund Facts

Expense Ratio (Gross)2 0.86%
Expense Ratio (Net)2,3 0.65%
Class I Inception 12/31/2018
Distribution Frequency Monthly
 

NAV History

Date NAV NAV Change
Jul 22, 2019 $10.38 $0.01
Jul 19, 2019 $10.37 -$0.02
Jul 18, 2019 $10.39 $0.05
Jul 17, 2019 $10.34 $0.04
Jul 16, 2019 $10.30 -$0.03
Jul 15, 2019 $10.33 $0.01
Jul 12, 2019 $10.32 $0.01
Jul 11, 2019 $10.31 -$0.03
Jul 10, 2019 $10.34 $0.04
Jul 09, 2019 $10.30 $0.02
 

Distribution History4

Ex-Date Distribution Reinvest NAV
Jun 27, 2019 $0.01090 $10.33
May 30, 2019 $0.01060 $10.07
Apr 29, 2019 $0.01050 $10.00
Mar 28, 2019 $0.01060 $10.05
Feb 27, 2019 $0.01050 $9.99
Jan 30, 2019 $0.01060 $10.08
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 History4

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: 

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. 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. U.S. Treasury securities generally have a lower return than other obligations because of their higher credit quality and market liquidity. While certain U.S. Government-sponsored agencies may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Treasury. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Because the Fund may invest significantly in a particular geographic region or country, value of Fund shares may fluctuate more than a fund with less exposure to such areas. As interest rates rise, the value of certain income investments is likely to decline. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. A non-diversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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. 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

Fund Holdings5,6 as of May 31, 2019

Holding Coupon Rate Maturity Date % of Net Assets
United States Treasury Note/Bond 2.63% 12/31/2025 15.20%
Republic of Poland Government Bond 2.75% 04/25/2028 13.75%
Euro 0.00% 7.83%
United States Treasury Note/Bond 2.50% 12/31/2020 7.67%
EV Cash Reserves Fund LLC 0.00% 6.16%
Italy Buoni Poliennali Del Tesoro 2.45% 09/01/2033 4.90%
Norway Government Bond 3.75% 05/25/2021 4.59%
Norway Government Bond 1.75% 02/17/2027 4.59%
Dominican Republic International Bond 8.90% 02/15/2023 3.94%
Peru Government Bond 6.35% 08/12/2028 3.93%
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. 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. U.S. Treasury securities generally have a lower return than other obligations because of their higher credit quality and market liquidity. While certain U.S. Government-sponsored agencies may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Treasury. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. Because the Fund may invest significantly in a particular geographic region or country, value of Fund shares may fluctuate more than a fund with less exposure to such areas. As interest rates rise, the value of certain income investments is likely to decline. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. A non-diversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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. 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

Kyle Lee, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2007

Biography

Kyle Lee is a vice president of Eaton Vance Management and a portfolio manager on Eaton Vance's global income team. He is responsible for buy and sell decisions, portfolio construction and risk management for Asia and the Dollar Bloc. He began his career in the investment management industry with Eaton Vance in 2007.

Kyle earned a B.A. from Wesleyan University and is a CFA charterholder.

Education
  • B.A. Wesleyan University

Experience
  • Managed Fund since inception

 

Astrid Vogler

Vice President, Eaton Vance Management (International) Limited
Joined Eaton Vance Management (International) Limited 2018

Biography

Astrid Vogler is a vice president of Eaton Vance Management (International) Limited and portfolio manager on the global income team in Frankfurt, Germany. She is responsible for leading that team, which is focused on developed fixed-income markets globally in managing international and global fixed-income mandates. The team is part of Eaton Vance Management's global income group. She joined Eaton Vance in 2018.

Astrid began her career in the investment management industry in 1986. Before joining Eaton Vance, she was a principal and head of fixed income at Oechsle International Advisors, LLC in Frankfurt, Germany. Previously, she was vice president at ABD International Management Corporation (ABDI), a subsidiary of the Dresdner Bank, where she began her career, initially as an investment advisor serving private clients.

Astrid attended specific trainee programs with Dresdner Bank in Germany and the United States.

Education

Experience
  • Managed Fund since inception

 

Roman Kostal

Vice President, Eaton Vance Management (International) Limited
Joined Eaton Vance Management (International) Limited 2018

Biography

Roman Kostal is a vice president of Eaton Vance Management (International) Limited and portfolio manager on the global income team in Frankfurt, Germany. He is responsible for contributing to the team's focus on developed fixed-income markets globally in managing international and global fixed-income mandates. The team is part of Eaton Vance Management's global income group. He joined Eaton Vance in 2018.

Roman began his career in the investment management industry in 1996. Before joining Eaton Vance, he was a principal, fixed-income portfolio manager and research analyst at Oechsle International Advisors, LLC. Previously, he was a portfolio manager and analyst on the global fixed-income team at Deutsche Asset Management in Frankfurt, Germany. He began his career at Nicholas Stark Bank in Regensburg, Germany.

Roman graduated from the University of Economy in Ostrava (Czech Republic) and earned an MBA from the University of Regensburg. He is a Certified EFFAS Financial Analyst.

Education
  • University of Economy in Ostrava (Czech Republic)
  • M.B.A. University of Regensburg

Experience
  • Managed Fund since inception

 

Literature

Literature

Full Prospectus

Download - Last updated: Dec 31, 2018

Holdings-1st or 3rd fiscal quarters-www.sec.gov (beginning 3/31/2019)

Download

SAI

Download - Last updated: Dec 31, 2018

Semi-Annual Report

Download - Last updated: Jan 31, 2019

Summary Prospectus

Download - Last updated: Dec 31, 2018

XBRL

Download - Last updated: Jan 10, 2019