Overview

Growth of $10,000

10-year period ended 12/31/2016

  • Class A at NAV

Historical Returns (%)as of Dec 31, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
02/28/2017
Fund at NAV 5.69 10.20 12.32 34.49 14.71 7.06 4.09
Fund w/Max Sales Charge -0.41 3.88 5.88 26.75 12.48 5.81 3.47
MSCI India Index1 5.91 10.43 10.51 26.33 8.37 3.89 4.45
S&P Bombay Stock Exchange 100 Index2 5.98 11.38 11.66 35.11 12.59 6.11 6.34
12/31/2016
Fund at NAV -1.89 -10.97 2.64 2.64 10.75 9.49 1.98
Fund w/Max Sales Charge -7.51 -16.08 -3.25 -3.25 8.58 8.21 1.38
MSCI India Index1 -0.08 -7.99 -1.43 -1.43 4.65 6.78 2.74
S&P Bombay Stock Exchange 100 Index2 -0.25 -7.05 2.37 2.37 7.99 8.98 4.47
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 Feb 28, 2017

Class A Inception 05/02/1994
Investment Objective Long-term capital appreciation
Total Net Assets $225.5M
Minimum Investment $1000
Expense Ratio3 1.65%
CUSIP 277905501

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

Infosys Ltd
Maruti Suzuki India Ltd
Housing Development Finance Corp Ltd
HDFC Bank Ltd
Cognizant Technology Solutions Corp
ITC Ltd
Eicher Motors Ltd
Aurobindo Pharma Ltd
Indian Oil Corp Ltd
IndusInd Bank Ltd
Total 40.58

Portfolio Management

Prashant Khemka, CFA Managed Fund since 2016

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

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. The securities markets in the India region are comparatively undeveloped and may be concentrated in certain sectors. Governmental actions in India can have a significant affect on economic conditions in the India region. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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. 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. 10 Yrs.
02/28/2017
Fund at NAV 5.69 10.20 12.32 34.49 14.71 7.06 4.09
Fund w/Max Sales Charge -0.41 3.88 5.88 26.75 12.48 5.81 3.47
MSCI India Index1 5.91 10.43 10.51 26.33 8.37 3.89 4.45
S&P Bombay Stock Exchange 100 Index2 5.98 11.38 11.66 35.11 12.59 6.11 6.34
Morningstar™ India Equity Category6 6.03 11.02 12.68 35.29 15.75 7.09 5.04
12/31/2016
Fund at NAV -1.89 -10.97 2.64 2.64 10.75 9.49 1.98
Fund w/Max Sales Charge -7.51 -16.08 -3.25 -3.25 8.58 8.21 1.38
MSCI India Index1 -0.08 -7.99 -1.43 -1.43 4.65 6.78 2.74
S&P Bombay Stock Exchange 100 Index2 -0.25 -7.05 2.37 2.37 7.99 8.98 4.47
Morningstar™ India Equity Category6 -1.46 -9.18 0.65 0.65 11.00 10.01 3.06
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 55.04 -65.23 93.78 20.81 -38.80 28.83 -10.04 39.28 -4.96 2.64
MSCI India Index1 73.11 -64.63 102.81 20.95 -37.17 25.97 -3.83 23.87 -6.12 -1.43
S&P Bombay Stock Exchange 100 Index2 81.44 -63.36 96.09 21.98 -36.64 28.15 -4.73 31.52 -6.45 2.37

Fund Facts

Expense Ratio3 1.65%
Class A Inception 05/02/1994
Distribution Frequency Annually

Risk Measures (3 Year)7as of Feb 28, 2017

Alpha (%) 5.88
Beta 1.02
R-Squared (%) 93.19
Standard Deviation (%) 18.51
Sharpe Ratio 0.79

Morningstar™ Ratingsas of Feb 28, 2017

Time Period Rating Funds in
India Equity
Category
Overall *** 23
3 Years *** 23
5 Years *** 22
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
Mar 29, 2017 $31.12 $0.19
Mar 28, 2017 $30.93 $0.17
Mar 27, 2017 $30.76 $0.16
Mar 24, 2017 $30.60 $0.05
Mar 23, 2017 $30.55 $0.13
Mar 22, 2017 $30.42 -$0.15
Mar 21, 2017 $30.57 -$0.19
Mar 20, 2017 $30.76 -$0.01
Mar 17, 2017 $30.77 -$0.01
Mar 16, 2017 $30.78 $0.30

Distribution History8

Ex-Date Distribution Reinvest NAV
Dec 28, 2016 $0.14800 $25.74
May 21, 2015 $0.20470 $28.46
Dec 29, 2014 $0.50960 $26.91
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 invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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. The securities markets in the India region are comparatively undeveloped and may be concentrated in certain sectors. Governmental actions in India can have a significant affect on economic conditions in the India region. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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. 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 Dec 31, 2016

Foreign Common Stocks 96.14
U.S. Common Stocks 3.75
Cash 0.11
Total 100.00

Portfolio Statisticsas of Dec 31, 2016

Number of Holdings 52

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

Sector Fund MSCI India Index1
Consumer Discretionary 12.67 13.43
Consumer Staples 10.58 9.28
Energy 4.80 11.08
Financials 25.60 20.86
Health Care 8.27 9.57
Industrials 8.78 5.86
Information Technology 17.72 17.26
Materials 11.08 7.77
Real Estate 0.40 0.00
Telecom Services 0.00 2.67
Utilities 0.00 2.22
Cash 0.11 0.00

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

India 96.14
United States 3.75
Cash & Other Assets 0.11
Total 100.00

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

Asia/Pacific 96.14
North America 3.75
Cash & Other Assets 0.11
Total 100.00

Fund Holdings (%)5,10as of Jan 31, 2017

Holding % of Net Assets
Infosys Ltd 7.46%
Maruti Suzuki India Ltd 5.63%
Housing Development Finance Corp Ltd 4.17%
HDFC Bank Ltd 4.16%
ITC Ltd 3.57%
Cognizant Technology Solutions Corp 2.94%
Indian Oil Corp Ltd 2.83%
IndusInd Bank Ltd 2.81%
Eicher Motors Ltd 2.78%
Yes Bank Ltd 2.75%
View All

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

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. The securities markets in the India region are comparatively undeveloped and may be concentrated in certain sectors. Governmental actions in India can have a significant affect on economic conditions in the India region. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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. 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 invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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. The securities markets in the India region are comparatively undeveloped and may be concentrated in certain sectors. Governmental actions in India can have a significant affect on economic conditions in the India region. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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. 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 invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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. The securities markets in the India region are comparatively undeveloped and may be concentrated in certain sectors. Governmental actions in India can have a significant affect on economic conditions in the India region. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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. 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

Prashant Khemka, CFA

Managing Director and Chief Investment Officer of Emerging Markets Equity at GSAMI
Joined Goldman Sachs 2000

Prashant Khemka is a managing director, portfolio manager and chief investment officer of emerging markets equity at Goldman Sachs Asset Management International, an Eaton Vance subadviser. He is responsible for buy and sell decisions and portfolio construction. He joined Goldman Sachs in 2000.

Prashant began his career in the investment management industry in 1999. Before joining Goldman Sachs, he worked at State Street Global Advisors.

Prashant earned an MBA from Vanderbilt University and a B.E. from Sardar Patel College of Engineering at Bombay University. He is a CFA charterholder.

Education
  • M.B.A Vanderbilt University
  • B.E Sardar Patel College of Engineering, Bombay University

Experience
  • Managed Fund since 2016

 

Literature

Literature

Fact Sheet

Download - Last updated: Dec 31, 2016

Annual Report

Download - Last updated: Dec 31, 2016

Full Prospectus

Download - Last updated: May 1, 2016

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

Download

SAI

Download - Last updated: May 1, 2016

Semi-Annual Report

Download - Last updated: Jun 30, 2016

Summary Prospectus

Download - Last updated: Dec 27, 2016

XBRL

Download - Last updated: May 12, 2016