Overview

Growth of $10,000

10-year period ended 09/30/2016

  • Class A at NAV

Historical Returns (%)as of Sep 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
11/30/2016
Fund at NAV -9.68 -11.05 4.62 4.13 13.02 7.96 2.43
Fund w/Max Sales Charge -14.87 -16.17 -1.39 -1.86 10.81 6.69 1.82
MSCI India Index1 -7.46 -8.76 -1.36 1.06 5.82 5.48 3.06
S&P Bombay Stock Exchange 100 Index2 -7.24 -7.84 2.63 3.61 9.33 7.59 4.70
09/30/2016
Fund at NAV -1.98 7.76 15.29 11.61 20.38 8.57 4.52
Fund w/Max Sales Charge -7.62 1.57 8.67 5.21 18.02 7.30 3.90
MSCI India Index1 -0.92 5.92 7.12 6.14 11.17 5.28 5.17
S&P Bombay Stock Exchange 100 Index2 -1.10 6.99 10.13 9.73 14.93 7.04 6.69
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, 2016

Class A Inception 05/02/1994
Investment Objective Long-term capital appreciation
Total Net Assets $242.5M
Minimum Investment $1000
Expense Ratio3 1.65%
CUSIP 277905501

Top 10 Holdings (%)4,5as of Sep 30, 2016

Infosys Ltd
HDFC Bank Ltd
Maruti Suzuki India Ltd
Axis Bank Ltd
Tata Consultancy Services Ltd
Aurobindo Pharma Ltd
IndusInd Bank Ltd
ITC Ltd
Cognizant Technology Solutions Corp
Mahindra & Mahindra Financial Services Ltd
Total 36.09

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 Sep 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
10/31/2016
Fund at NAV 0.47 1.53 15.83 12.05 16.09 7.44 3.93
Fund w/Max Sales Charge -5.30 -4.29 9.18 5.59 13.83 6.18 3.31
MSCI India Index1 -0.49 -0.26 6.59 3.99 7.34 3.47 4.44
S&P Bombay Stock Exchange 100 Index2 0.46 1.35 10.64 8.06 10.94 5.61 6.07
Morningstar™ India Equity Category6 1.09 3.14 14.15 11.31 17.95 9.41 4.80
09/30/2016
Fund at NAV -1.98 7.76 15.29 11.61 20.38 8.57 4.52
Fund w/Max Sales Charge -7.62 1.57 8.67 5.21 18.02 7.30 3.90
MSCI India Index1 -0.92 5.92 7.12 6.14 11.17 5.28 5.17
S&P Bombay Stock Exchange 100 Index2 -1.10 6.99 10.13 9.73 14.93 7.04 6.69
Morningstar™ India Equity Category6 -0.83 8.51 13.02 10.87 21.71 10.41 5.34
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 (%)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Fund at NAV 36.32 55.04 -65.23 93.78 20.81 -38.80 28.83 -10.04 39.28 -4.96
MSCI India Index1 51.00 73.11 -64.63 102.81 20.95 -37.17 25.97 -3.83 23.87 -6.12
S&P Bombay Stock Exchange 100 Index2 43.99 81.44 -63.36 96.09 21.98 -36.64 28.15 -4.73 31.52 -6.45

Fund Facts

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

Risk Measures (3 Year)7as of Nov 30, 2016

Alpha (%) 6.83
Beta 1.03
R-Squared (%) 93.49
Standard Deviation (%) 18.61
Sharpe Ratio 0.69

Morningstar™ Ratingsas of Oct 31, 2016

Time Period Rating Rating (Load Waived) Funds in
India Equity
Category
Overall * ** 17
3 Years * ** 17
5 Years * ** 16
Based on Risk-Adjusted Returns.

The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.

© 2016 Morningstar, Inc. 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 is responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in the same category. This measure takes into account variations in a fund's monthly performance after adjusting for sales loads (except for load-waived A shares) redemption fees, and the risk-free rate, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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. Load-waived A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load. The Morningstar Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structure.

NAV History

Date NAV NAV Change
Dec 02, 2016 $26.54 -$0.26
Dec 01, 2016 $26.80 -$0.16
Nov 30, 2016 $26.96 $0.26
Nov 29, 2016 $26.70 $0.32
Nov 28, 2016 $26.38 $0.09
Nov 25, 2016 $26.29 $0.38
Nov 23, 2016 $25.91 -$0.09
Nov 22, 2016 $26.00 $0.26
Nov 21, 2016 $25.74 -$0.46
Nov 18, 2016 $26.20 -$0.30

Distribution History8

Ex-Date Distribution Reinvest NAV
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 Sep 30, 2016

Foreign Common Stocks 89.02
Cash 8.39
U.S. Common Stocks 2.59
Total 100.00

Portfolio Statisticsas of Sep 30, 2016

Number of Holdings 53

GICS Sector Breakdown (%)5as of Sep 30, 2016

Sector Fund MSCI India Index1
Consumer Discretionary 12.16 14.29
Consumer Staples 9.02 9.58
Energy 3.90 9.11
Financials 26.89 21.67
Health Care 7.94 10.37
Industrials 7.45 6.10
Information Technology 14.65 16.93
Materials 9.22 7.31
Real Estate 0.37 0.00
Telecom Services 0.00 2.70
Utilities 0.00 1.94
Cash 8.39 0.00

Assets by Country (%)5as of Sep 30, 2016

India 89.02
United States 2.59
Singapore 0.00
Cash & Other Assets 8.39
Total 100.00

Geographic Mix (%)5as of Sep 30, 2016

Asia/Pacific 89.02
North America 2.59
Cash & Other Assets 8.39
Total 100.00

Fund Holdings (%)5,10as of Oct 31, 2016

Holding % of Net Assets
Infosys Ltd 7.15%
Maruti Suzuki India Ltd 5.01%
HDFC Bank Ltd 4.46%
Housing Development Finance Corp Ltd 2.84%
ITC Ltd 2.83%
Cognizant Technology Solutions Corp 2.81%
Aurobindo Pharma Ltd 2.80%
Mahindra & Mahindra Financial Services Ltd 2.50%
IndusInd Bank Ltd 2.39%
Axis Bank Ltd 2.36%
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: Sep 30, 2016

Annual Report

Download - Last updated: Dec 31, 2015

Full Prospectus

Download - Last updated: May 1, 2016

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

Download

Proxy Statement

Download - Last updated: Sep 26, 2016

SAI

Download - Last updated: May 1, 2016

Semi-Annual Report

Download - Last updated: Jun 30, 2016

Summary Prospectus

Download - Last updated: Sep 15, 2016

XBRL

Download - Last updated: May 12, 2016