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 0.60 3.02 17.77 24.72 5.07 9.87 5.08
Fund w/Max Sales Charge -0.40 2.02 16.77 23.72 5.07 9.87 5.08
MSCI World Small Cap Index3 1.45 5.39 18.26 26.15 10.29 13.29 6.26
09/30/2017
Fund at NAV 3.44 5.08 17.06 20.93 6.39 9.51 5.03
Fund w/Max Sales Charge 2.44 4.08 16.06 19.93 6.39 9.51 5.03
MSCI World Small Cap Index3 3.95 6.24 16.57 19.77 10.38 12.84 6.62
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. Prior to 7/6/15, Fund was called Eaton Vance Small-Cap Value Fund and employed a different investment strategy. Please see prospectus for more details. Max Sales Charge: 1%.

Fund Factsas of Oct 31, 2017

Class C Inception 07/03/2002
Investment Objective Long-term total return
Total Net Assets $18.9M
Minimum Investment $1000
Expense Ratio (Gross)4 2.92%
Expense Ratio (Net)4,5 2.15%
CUSIP 277905733

Top 10 Holdings (%)6,7as of Sep 30, 2017

First Republic Bank/CA
Frutarom Industries Ltd
IWG PLC
Hexcel Corp
Bright Horizons Family Solutions Inc
Multi-Color Corp
UDG Healthcare PLC
IMCD Group NV
Melrose Industries PLC
TAL Education Group
Total 12.35

Portfolio Management

Aidan M. Farrell Managed Fund since 2015

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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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 Sep 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
10/31/2017
Fund at NAV 0.60 3.02 17.77 24.72 5.07 9.87 5.08
Fund w/Max Sales Charge -0.40 2.02 16.77 23.72 5.07 9.87 5.08
MSCI World Small Cap Index3 1.45 5.39 18.26 26.15 10.29 13.29 6.26
Morningstar World Small/Mid Stock Category8 1.26 4.37 20.58 24.50 8.85 11.98 3.88
09/30/2017
Fund at NAV 3.44 5.08 17.06 20.93 6.39 9.51 5.03
Fund w/Max Sales Charge 2.44 4.08 16.06 19.93 6.39 9.51 5.03
MSCI World Small Cap Index3 3.95 6.24 16.57 19.77 10.38 12.84 6.62
Morningstar World Small/Mid Stock Category8 2.69 5.70 19.07 19.81 8.59 11.62 4.18
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. Prior to 7/6/15, Fund was called Eaton Vance Small-Cap Value Fund and employed a different investment strategy. Please see prospectus for more details. Max Sales Charge: 1%.

Calendar Year Returns (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV 1.57 -27.16 23.38 16.86 -2.39 8.76 30.51 2.62 -8.57 7.71
MSCI World Small Cap Index3 0.79 -41.88 44.12 26.13 -9.06 17.55 32.38 1.90 -0.31 12.71

Fund Facts

Expense Ratio (Gross)4 2.92%
Expense Ratio (Net)4,5 2.15%
Class C Inception 07/03/2002
Distribution Frequency Annually

Risk Measures (3 Year)9as of Oct 31, 2017

Alpha (%) -3.48
Beta 0.86
R-Squared (%) 88.13
Standard Deviation (%) 10.15
Sharpe Ratio 0.47

Morningstar Rating™as of Oct 31, 2017

Time Period Rating Funds in
World Small/Mid Stock
Category
Overall *** 121
3 Years ** 121
5 Years ** 104
10 Years **** 56
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 16, 2017 $13.32 $0.12
Nov 15, 2017 $13.20 -$0.10
Nov 14, 2017 $13.30 $0.00
Nov 13, 2017 $13.30 $0.01
Nov 10, 2017 $13.29 -$0.03
Nov 09, 2017 $13.32 -$0.06
Nov 08, 2017 $13.38 $0.04
Nov 07, 2017 $13.34 -$0.08
Nov 06, 2017 $13.42 $0.04
Nov 03, 2017 $13.38 $0.03

Distribution History10

Ex-Date Distribution Reinvest NAV
Dec 28, 2016 $0.05270 $11.26
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 History10

Ex-Date Short-Term Long-Term Reinvest NAV
Nov 20, 2015 $4.01040 $10.81
Dec 16, 2014 $0.81130 $15.18
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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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 (%)7,11as of Sep 30, 2017

U.S. Common Stocks 54.36
Foreign Common Stocks 44.82
Cash 0.82
Total 100.00

Portfolio Statisticsas of Sep 30, 2017

Average Market Cap $4.5B
Price/Earnings Ratio 21.60
Number of Holdings 174
Price/Book Ratio 2.46
Countries Represented 20

GICS Sector Breakdown (%)7as of Sep 30, 2017

Sector Fund MSCI World Small Cap Index3
Consumer Discretionary 14.02 13.55
Consumer Staples 5.81 4.74
Energy 3.75 3.78
Financials 14.30 13.63
Health Care 9.73 9.89
Industrials 20.38 18.08
Information Technology 11.76 13.82
Materials 6.06 8.19
Real Estate 10.91 10.42
Telecom Services 0.44 0.84
Utilities 2.01 3.07
Cash 0.82

Assets by Country (%)7as of Sep 30, 2017

United States 54.36
Japan 12.02
United Kingdom 5.72
Canada 4.30
Australia 2.65
Italy 2.60
Switzerland 2.26
Germany 2.12
Sweden 1.80
Netherlands 1.64
Total 100.00
View All

Geographic Mix (%)7as of Sep 30, 2017

North America 58.66
Europe 22.82
Asia/Pacific 16.31
Middle East 1.39
Cash & Other Assets 0.82
Total 100.00

Fund Holdings (%)7,12as of Sep 30, 2017

Holding % of Net Assets
First Republic Bank/CA 1.70%
Frutarom Industries Ltd 1.39%
IWG PLC 1.29%
Hexcel Corp 1.22%
Bright Horizons Family Solutions Inc 1.22%
Multi-Color Corp 1.18%
UDG Healthcare PLC 1.13%
IMCD Group NV 1.13%
Melrose Industries PLC 1.10%
TAL Education Group 1.03%
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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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
Aidan M. Farrell

Aidan M. Farrell

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

Aidan Farrell is a vice president of Eaton Vance Management (International) Limited and director of global small-cap equity. He is responsible for managing global and international small-cap equity portfolios, leading a team of analysts and working alongside the director of global equity to expand the global equity business. He joined Eaton Vance in 2015.

Aidan began his career in the financial services industry in 1996. Before joining Eaton Vance, he was managing director and a lead portfolio manager for Goldman Sachs Asset Management (GSAM). Prior to June 2008, he served as the director of European equities for Investment Insight (formerly the asset management arm of Halifax Bank of Scotland).

Aidan earned a B.A. in economics from the University College Dublin and a postgraduate diploma in business studies from the University College Dublin Michael Smurfit Graduate Business School. Aidan is an associate of the CFA Society of the UK.

Education
  • B.A. University College Dublin
  • Pg.Dip. University College Dublin

Experience
  • Managed Fund since 2015


Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2017

Annual Report

Download - Last updated: Dec 31, 2016

Full Prospectus

Download - Last updated: May 1, 2017

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

Download

SAI

Download - Last updated: May 1, 2017

Semi-Annual Report

Download - Last updated: Jun 30, 2017

Summary Prospectus

Download - Last updated: Nov 16, 2017

XBRL

Download - Last updated: May 17, 2017