Overview

Growth of $10,000

10-year period ended 06/30/2017

  • Class A at NAV

Historical Returns (%)as of Jun 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2017
Fund at NAV 0.63 7.63 35.08 17.89 11.19 14.07 3.58
Fund w/Max Sales Charge -5.15 1.45 27.34 11.11 9.01 12.73 2.97
MSCI India Index1 -0.75 6.06 28.84 17.46 5.29 10.34 3.45
06/30/2017
Fund at NAV 0.58 6.00 26.24 21.11 10.69 12.68 2.96
Fund w/Max Sales Charge -5.20 -0.09 19.00 14.16 8.53 11.35 2.35
MSCI India Index1 -0.78 2.91 20.53 17.47 4.26 9.03 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%.

Fund Factsas of Aug 31, 2017

Class A Inception 05/02/1994
Investment Objective Long-term capital appreciation
Total Net Assets $266.0M
Minimum Investment $1000
Expense Ratio2 1.72%
CUSIP 277905501

Top 10 Holdings (%)3,4as of Jun 30, 2017

Maruti Suzuki India Ltd
Infosys Ltd
ITC Ltd
HDFC Bank Ltd
Housing Development Finance Corp Ltd
Idea Cellular Ltd
Cognizant Technology Solutions Corp
IndusInd Bank Ltd
Eicher Motors Ltd
Crompton Greaves Consumer Electricals Ltd
Total 38.80

Portfolio Management

Hiren Dasani, CFA Managed Fund since 2017

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. A non-diversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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 Jun 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2017
Fund at NAV 0.63 7.63 35.08 17.89 11.19 14.07 3.58
Fund w/Max Sales Charge -5.15 1.45 27.34 11.11 9.01 12.73 2.97
MSCI India Index1 -0.75 6.06 28.84 17.46 5.29 10.34 3.45
Morningstar India Equity Category5 -0.59 5.73 32.99 21.06 9.34 13.34 5.64
06/30/2017
Fund at NAV 0.58 6.00 26.24 21.11 10.69 12.68 2.96
Fund w/Max Sales Charge -5.20 -0.09 19.00 14.16 8.53 11.35 2.35
MSCI India Index1 -0.78 2.91 20.53 17.47 4.26 9.03 3.06
Morningstar India Equity Category5 0.31 4.63 25.76 23.64 9.37 12.63 3.88
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

Fund Facts

Expense Ratio2 1.72%
Class A Inception 05/02/1994
Distribution Frequency Annually

Risk Measures (3 Year)6as of Aug 31, 2017

Alpha (%) 5.76
Beta 1.00
R-Squared (%) 92.30
Standard Deviation (%) 17.44
Sharpe Ratio 0.63

Morningstar Rating™as of Aug 31, 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
Sep 21, 2017 $35.22 -$0.37
Sep 20, 2017 $35.59 -$0.22
Sep 19, 2017 $35.81 -$0.05
Sep 18, 2017 $35.86 $0.23
Sep 15, 2017 $35.63 -$0.05
Sep 14, 2017 $35.68 $0.05
Sep 13, 2017 $35.63 -$0.18
Sep 12, 2017 $35.81 $0.16
Sep 11, 2017 $35.65 $0.32
Sep 08, 2017 $35.33 -$0.02

Distribution History7

Ex-Date Distribution Reinvest NAV
Jul 26, 2017 $0.19360 $34.70
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 History7

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. A non-diversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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 (%)4,8as of Jun 30, 2017

Foreign Common Stocks 93.91
U.S. Common Stocks 3.23
Cash 2.86
Total 100.00

Portfolio Statisticsas of Jun 30, 2017

Number of Holdings 54

GICS Sector Breakdown (%)4as of Jun 30, 2017

Sector Fund MSCI India Index1
Consumer Discretionary 13.73 12.66
Consumer Staples 12.20 9.85
Energy 2.16 10.95
Financials 27.51 24.09
Health Care 4.67 7.39
Industrials 9.13 6.02
Information Technology 11.06 14.31
Materials 12.64 9.77
Real Estate 0.51
Telecom Services 3.54 2.95
Utilities 2.01
Cash 2.86

Assets by Country (%)4as of Jun 30, 2017

India 93.91
United States 3.23
Cash & Other Assets 2.86
Total 100.00

Geographic Mix (%)4as of Jun 30, 2017

Asia/Pacific 93.91
North America 3.23
Cash & Other Assets 2.86
Total 100.00

Fund Holdings (%)4,9as of Jul 31, 2017

Holding % of Net Assets
Maruti Suzuki India Ltd 6.19%
Infosys Ltd 4.39%
HDFC Bank Ltd 4.08%
Housing Development Finance Corp Ltd 4.01%
Idea Cellular Ltd 3.52%
State Street Bank Eurodollar Time Deposit 3.42%
IndusInd Bank Ltd 3.09%
Yes Bank Ltd 3.08%
Cognizant Technology Solutions Corp 3.07%
Eicher Motors Ltd 3.04%
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. A non-diversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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. A non-diversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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. A non-diversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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

Hiren Dasani, CFA

Co-Head of Emerging Markets Equity at GSAMI
Joined Goldman Sachs 2007

Hiren Dasani is co-head of emerging markets equity and a portfolio manager at Goldman Sachs Asset Management International (GSAMI), an Eaton Vance subadvisor. He joined Goldman Sachs Asset Management in 2007.

Hiren began his career in the investment management industry in 2001. Most recently, he was head of India equity research at GSAMI. Before joining Goldman Sachs Asset Management, he was affiliated with SSKI Securities, ICICI Prudential Asset Management Co. and Axis Bank.

Hiren earned a Bachelor of Engineering from Maharaja Sayajirao University of Baroda and a PGDM from the Indian Institute of Management, Kozhikode. He is a CFA charterholder.

Education
  • Bachelor of Engineering Maharaja Sayajirao University of Baroda
  • PGDM Indian Institute of Management, Kozhikode

Experience
  • Managed Fund since 2017

 

Literature

Literature

Fact Sheet

Download - Last updated: Jun 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: May 1, 2017

XBRL

Download - Last updated: May 17, 2017