Overview

Growth of $10,000

10-year period 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. 10 Yrs.
10/31/2017
Fund at NAV 1.31 2.15 14.11 15.72 6.36 9.40 2.17
Fund w/Max Sales Charge -4.55 -3.76 7.54 9.01 4.27 8.12 1.57
MSCI World Index1 1.89 4.32 18.21 22.77 8.12 11.55 4.09
09/30/2017
Fund at NAV 1.43 2.52 12.64 12.39 6.02 8.99 2.27
Fund w/Max Sales Charge -4.39 -3.39 6.16 5.87 3.94 7.69 1.66
MSCI World Index1 2.24 4.84 16.01 18.17 7.68 10.99 4.21
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. Max Sales Charge: 5.75%.

Fund Factsas of Oct 31, 2017

Class A Inception 11/30/2005
Investment Objective Total return
Total Net Assets $357.8M
Minimum Investment $1000
Expense Ratio2 1.31%
CUSIP 277923876

Top 10 Holdings (%)3,4as of Oct 31, 2017

Alphabet Inc - CL C
Johnson & Johnson
Amazon.com Inc
Royal Dutch Shell PLC
ASML Holding NV
Facebook Inc
Nippon Telegraph & Telephone Corp
Wells Fargo & Co
Melrose Industries PLC
Unilever PLC
Total 13.12

Portfolio Management

Christopher M. Dyer, CFA Managed Fund since 2015
Michael A. Allison, CFA Managed Fund since 2013
John H. Croft, CFA Managed Fund since 2012
Jeffrey D. Mueller Managed Fund since 2015

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund primarily invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund and may also invest directly. References to investments are to the aggregate holdings of the Fund and the Portfolio.

About Risk: 

Fund performance is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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. Dividend capture strategies may result in higher portfolio turnover, increased trading costs and potential for capital loss or gains. When interest rates rise, the value of preferred stocks and other hybrid securities will generally decline. As interest rates rise, the value of certain income investments is likely to decline. 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. 10 Yrs.
10/31/2017
Fund at NAV 1.31 2.15 14.11 15.72 6.36 9.40 2.17
Fund w/Max Sales Charge -4.55 -3.76 7.54 9.01 4.27 8.12 1.57
MSCI World Index1 1.89 4.32 18.21 22.77 8.12 11.55 4.09
Morningstar World Allocation Category5 1.16 2.59 12.42 13.60 4.30 6.04 3.72
09/30/2017
Fund at NAV 1.43 2.52 12.64 12.39 6.02 8.99 2.27
Fund w/Max Sales Charge -4.39 -3.39 6.16 5.87 3.94 7.69 1.66
MSCI World Index1 2.24 4.84 16.01 18.17 7.68 10.99 4.21
Morningstar World Allocation Category5 1.03 3.37 11.01 10.48 3.92 5.63 3.93
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. Max Sales Charge: 5.75%.

Calendar Year Returns (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV 8.37 -33.93 10.44 7.46 -4.01 11.66 22.60 2.92 3.15 3.33
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 Ratio2 1.31%
Class A Inception 11/30/2005
Distribution Frequency Monthly

Yield Information6as of Oct 31, 2017

Distribution Rate at NAV 3.58%
SEC 30-day Yield 1.63%

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

Alpha (%) -0.04
Beta 0.79
R-Squared (%) 93.44
Standard Deviation (%) 8.50
Sharpe Ratio 0.71

Morningstar Rating™as of Oct 31, 2017

Time Period Rating Funds in
World Allocation
Category
Overall *** 393
3 Years **** 393
5 Years ***** 337
10 Years * 164
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 17, 2017 $9.00 -$0.01
Nov 16, 2017 $9.01 $0.06
Nov 15, 2017 $8.95 -$0.04
Nov 14, 2017 $8.99 $0.00
Nov 13, 2017 $8.99 -$0.01
Nov 10, 2017 $9.00 -$0.03
Nov 09, 2017 $9.03 -$0.03
Nov 08, 2017 $9.06 $0.00
Nov 07, 2017 $9.06 -$0.02
Nov 06, 2017 $9.08 $0.01

Distribution History8

Ex-Date Distribution Reinvest NAV
Oct 19, 2017 $0.02700 $9.01
Sep 19, 2017 $0.02700 $8.93
Aug 21, 2017 $0.02700 $8.77
Jul 19, 2017 $0.02700 $8.93
Jun 20, 2017 $0.02700 $8.81
May 19, 2017 $0.02700 $8.79
Apr 19, 2017 $0.02700 $8.43
Mar 21, 2017 $0.02700 $8.49
Feb 22, 2017 $0.02700 $8.49
Jan 19, 2017 $0.02700 $8.27
View All
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
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. Fund primarily invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund and may also invest directly. References to investments are to the aggregate holdings of the Fund and the Portfolio.

About Risk: 

Fund performance is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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. Dividend capture strategies may result in higher portfolio turnover, increased trading costs and potential for capital loss or gains. When interest rates rise, the value of preferred stocks and other hybrid securities will generally decline. As interest rates rise, the value of certain income investments is likely to decline. 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 (%)4,9,10,11as of Oct 31, 2017

Foreign Common Stocks 29.86
U.S. Common Stocks 28.85
U.S. Corporate Bonds 21.62
Foreign Corporate Bonds 11.09
Preferred Stock 2.98
Cash 2.84
Floating-Rate Loans 2.68
Convertible Bond 0.08
Total 100.00

Portfolio Statisticsas of Oct 31, 2017

Average Market Cap $131.7B
Price/Earnings Ratio 18.79
Number of Holdings 501
Number of Equity Holdings 117
Price/Book Ratio 2.63
Average Coupon 6.37%
Average Maturity 10.09 yrs.
Average Duration 1.24 yrs.
Average Price $104.96

GICS Sector Breakdown (%)12as of Oct 31, 2017

Sector Fund MSCI World Index1
Consumer Discretionary 10.64 12.09
Consumer Staples 8.37 8.90
Energy 6.05 6.22
Financials 19.02 18.06
Health Care 11.92 11.95
Industrials 13.89 11.50
Information Technology 15.35 17.08
Materials 4.95 5.16
Real Estate 3.87 3.10
Telecom Services 1.90 2.76
Utilities 4.04 3.16

Credit Quality (%)13as of Oct 31, 2017

BBB 9.94
BB 37.55
B 44.49
CCC or Lower 5.93
Not Rated 2.08
Total 100.00
Ratings are based on Moody's, S&P or Fitch, as applicable. If securities are rated differently by the ratings agencies, the higher rating is applied. Ratings, which are subject to change, apply to the creditworthiness of the issuers of the underlying securities and not to the Fund or its shares. Credit ratings measure the quality of a bond based on the issuer's creditworthiness, with ratings ranging from AAA, being the highest, to D, being the lowest based on S&P's measures. Ratings of BBB or higher by S&P or Fitch (Baa or higher by Moody's) are considered to be investment-grade quality. Credit ratings are based largely on the ratings agency's analysis at the time of rating. The rating assigned to any particular security is not necessarily a reflection of the issuer's current financial condition and does not necessarily reflect its assessment of the volatility of a security's market value or of the liquidity of an investment in the security. Holdings designated as "Not Rated" are not rated by the national ratings agencies stated above.

Maturity Distribution (%)13as of Oct 31, 2017

Less Than 1 Year 0.79
1 To 3 Years 3.25
3 To 5 Years 18.52
5 To 10 Years 64.01
10 To 20 Years 1.34
20 To 30 Years 0.26
More Than 30 Years 11.83
Total 100.00

Assets by Country (%)4as of Oct 31, 2017

United States 55.90
United Kingdom 10.49
Japan 6.19
France 4.47
Canada 3.70
Netherlands 3.35
Spain 2.50
Germany 1.55
Switzerland 1.50
Cash & Other Assets 2.84
Total 100.00
View All

Geographic Mix (%)4as of Oct 31, 2017

North America 59.59
Europe 28.80
Asia/Pacific 8.15
Latin America/Caribbean 0.50
Middle East 0.12
Cash & Other Assets 2.84
Total 100.00

Fund Holdings (%)4,14as of Sep 30, 2017

Holding % of Net Assets
Alphabet Inc - CL C 1.99%
Johnson & Johnson 1.51%
United States Dollar 1.15%
Royal Dutch Shell PLC 1.14%
ASML Holding NV 1.12%
Wells Fargo & Co 1.12%
Facebook Inc 1.11%
Nippon Telegraph & Telephone Corp 1.11%
BNP Paribas SA 1.09%
Unilever PLC 1.06%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund primarily invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund and may also invest directly. References to investments are to the aggregate holdings of the Fund and the Portfolio.

About Risk: 

Fund performance is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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. Dividend capture strategies may result in higher portfolio turnover, increased trading costs and potential for capital loss or gains. When interest rates rise, the value of preferred stocks and other hybrid securities will generally decline. As interest rates rise, the value of certain income investments is likely to decline. 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. Fund primarily invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund and may also invest directly. References to investments are to the aggregate holdings of the Fund and the Portfolio.

About Risk: 

Fund performance is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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. Dividend capture strategies may result in higher portfolio turnover, increased trading costs and potential for capital loss or gains. When interest rates rise, the value of preferred stocks and other hybrid securities will generally decline. As interest rates rise, the value of certain income investments is likely to decline. 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. Fund primarily invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund and may also invest directly. References to investments are to the aggregate holdings of the Fund and the Portfolio.

About Risk: 

Fund performance is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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. Dividend capture strategies may result in higher portfolio turnover, increased trading costs and potential for capital loss or gains. When interest rates rise, the value of preferred stocks and other hybrid securities will generally decline. As interest rates rise, the value of certain income investments is likely to decline. 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 2015

Biography
Michael A. Allison, CFA

Michael A. Allison, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2000

Michael Allison is a vice president of Eaton Vance Management, a director of equity strategy implementation and a structured equity portfolio manager on a number of Eaton Vance’s global and domestic equity income and tax-managed equity portfolios. On those funds, he is responsible for portfolio construction, tax oversight and risk management. He is a member of the firm’s Equity Strategy Committee. He joined Eaton Vance in 2000.

Mike began his career in the investment management industry in 1988. Before joining Eaton Vance, Mike was an equity analyst for Schroder Investment Management North America Inc. He was also affiliated with Fleet Investment Advisors and Phoenix Home Life Mutual Fund Insurance Co.

Mike earned a B.S.B.A. from the University of Denver. He is a member of the Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.S.B.A., The University of Denver

Experience
  • Managed Fund since 2013

Biography
John H. Croft, CFA

John H. Croft, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2004

John Croft is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s diversified fixed-income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s diversified fixed-income strategies. He joined Eaton Vance in 2004.

John began his career in the investment management industry in 1986. Before joining Eaton Vance, he was a credit analyst with Fidelity Management & Research Co.

John earned a B.A. from Colgate University and an MBA from the University of Chicago Graduate School of Business. He is a CFA charterholder.

Education
  • B.A. Colgate University
  • M.B.A. Booth School of Business, University of Chicago

Experience
  • Managed Fund since 2012

Biography
Jeffrey D. Mueller

Jeffrey D. Mueller

Vice President, Eaton Vance Management (International) Limited
Joined Eaton Vance 2015

Jeffrey Mueller is a vice president of Eaton Vance Management (International) Limited and a global portfolio manager on Eaton Vance’s high-yield team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm's high-yield strategies. He leads investment management and credit research for all non-U.S. high-yield opportunities. He joined Eaton Vance in 2015.

Jeff began his career in the investment management industry in 2004. Before joining Eaton Vance, he was a high-yield portfolio manager with Threadneedle Asset Management. He was previously affiliated with Centaurus Capital Ltd. and Amaranth Advisors LLC.

Jeff earned a B.B.A. from the University of Wisconsin at Madison. He was named in Financial News’ high-profile "Rising Stars in Asset Management" list in 2016, which highlights the top 40 investment management professionals in Europe under the age of 40.

Education
  • B.B.A. University of Wisconsin at Madison

Experience
  • Managed Fund since 2015

 

Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2017

Annual Report

Download - Last updated: Oct 31, 2016

Full Prospectus

Download - Last updated: Mar 1, 2017

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

Download

Eaton Vance Announces Upcoming Retirement of Walter A. Row III

Download - Last updated: Jun 30, 2015

Eaton Vance Announces Upcoming Retirement of Judith A. Saryan, CFA, and Changes to Eaton Vance Dividend Fund Portfolio Teams

Download - Last updated: Nov 21, 2013

SAI

Download - Last updated: Mar 1, 2017

Semi-Annual Report

Download - Last updated: Apr 30, 2017

Summary Prospectus

Download - Last updated: Nov 1, 2017

XBRL

Download - Last updated: Mar 21, 2017