Overview

Growth of $10,000

10-year period ended 06/30/2016

  • Class A at NAV

Historical Returns (%)as of Jun 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2016
Fund at NAV 3.10 13.73 17.62 16.00 25.33 7.17 5.30
Fund w/Max Sales Charge -2.82 7.18 10.86 9.34 22.89 5.92 4.68
S&P Bombay Stock Exchange 100 Index1 2.01 10.22 11.36 11.89 19.45 5.71 7.65
06/30/2016
Fund at NAV 3.45 10.63 6.99 -3.03 13.30 2.27 4.97
Fund w/Max Sales Charge -2.51 4.27 0.84 -8.59 11.08 1.07 4.36
S&P Bombay Stock Exchange 100 Index1 1.88 6.05 2.94 -4.59 10.14 1.14 7.75
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, 2016

Class A Inception 05/02/1994
Investment Objective Long-term capital appreciation
Total Net Assets $249.1M
Minimum Investment $1000
Expense Ratio2 1.65%
CUSIP 277905501

Top 10 Holdings (%)3,4as of Jun 30, 2016

HDFC Bank Ltd
ITC Ltd
Housing Development Finance Corp Ltd
Yes Bank Ltd
Emami Ltd
Pidilite Industries Ltd
Container Corp Of India Ltd
Shriram City Union Finance Ltd
Mahindra & Mahindra Financial Services Ltd
Nestle India Ltd
Total 46.30

Portfolio Management

Rishikesh Patel Managed Fund since 2014

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 Jun 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2016
Fund at NAV 3.10 13.73 17.62 16.00 25.33 7.17 5.30
Fund w/Max Sales Charge -2.82 7.18 10.86 9.34 22.89 5.92 4.68
S&P Bombay Stock Exchange 100 Index1 2.01 10.22 11.36 11.89 19.45 5.71 7.65
Morningstar™ India Equity Category5 2.90 12.45 14.12 13.59 26.72 8.69 6.17
06/30/2016
Fund at NAV 3.45 10.63 6.99 -3.03 13.30 2.27 4.97
Fund w/Max Sales Charge -2.51 4.27 0.84 -8.59 11.08 1.07 4.36
S&P Bombay Stock Exchange 100 Index1 1.88 6.05 2.94 -4.59 10.14 1.14 7.75
Morningstar™ India Equity Category5 2.77 7.73 4.37 -2.48 15.61 4.28 6.37
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
S&P Bombay Stock Exchange 100 Index1 -16.49 81.44 -63.36 96.09 21.98 -36.64 28.15 -4.73 31.52 -6.45

Fund Facts

Expense Ratio2 1.65%
Class A Inception 05/02/1994
Distribution Frequency Annually

Risk Measures (3 Year)6as of Aug 31, 2016

Alpha (%) 6.47
Beta 0.92
R-Squared (%) 95.85
Standard Deviation (%) 19.18
Sharpe Ratio 1.32

Morningstar™ Ratingsas of Aug 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
Sep 27, 2016 $30.17 $0.20
Sep 27, 2016 $30.17 $0.20
Sep 26, 2016 $29.97 -$0.23
Sep 26, 2016 $29.97 -$0.23
Sep 23, 2016 $30.20 -$0.18
Sep 23, 2016 $30.20 -$0.18
Sep 22, 2016 $30.38 $0.43
Sep 22, 2016 $30.38 $0.43
Sep 21, 2016 $29.95 $0.17
Sep 21, 2016 $29.95 $0.17
View All

Distribution History7

Ex-Date Distribution Reinvest NAV
May 21, 2015 $0.20470 $28.46
May 21, 2015 $0.20470 $28.46
Dec 29, 2014 $0.50960 $26.91
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. 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, 2016

Foreign Common Stocks 98.63
Cash 1.37
Total 100.00

Portfolio Statisticsas of Jun 30, 2016

Number of Holdings 34

GICS Sector Breakdown (%)4as of Jun 30, 2016

Sector Fund S&P Bombay Stock Exchange 100 Index1
Consumer Discretionary 13.22 11.08
Consumer Staples 26.65 11.28
Energy 0.00 8.62
Financials 40.75 29.71
Health Care 0.93 6.84
Industrials 5.36 6.32
Information Technology 2.40 13.35
Materials 9.32 7.23
Telecom Services 0.00 2.45
Utilities 0.00 3.12
Cash 1.37 0.00

Assets by Country (%)4as of Jun 30, 2016

India 98.63
Cash & Other Assets 1.37
Total 100.00

Geographic Mix (%)4as of Jun 30, 2016

Asia/Pacific 98.63
Cash & Other Assets 1.37
Total 100.00

Fund Holdings (%)4,9as of Jul 31, 2016

Holding % of Net Assets
HDFC Bank Ltd 6.81%
ITC Ltd 5.89%
Housing Development Finance Corp Ltd 5.31%
Yes Bank Ltd 5.12%
Emami Ltd 4.43%
Shriram City Union Finance Ltd 4.25%
Pidilite Industries Ltd 4.06%
Nestle India Ltd 3.67%
Mahindra & Mahindra Financial Services Ltd 3.50%
ICICI Bank Ltd 3.43%
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

Rishikesh Patel

Portfolio Manager, LGM Investments Limited
Joined LGM Investments Limited 2006

Rishikesh Patel is a portfolio manager of LGM Investments Limited, an Eaton Vance subadviser. He is responsible for buy and sell decisions and portfolio construction. He joined LGM in 2006.

Rishikesh began his career in the investment management industry in 2004. Before joining LGM, he was an analyst with ICICI Securities. Prior to his career in investment management, he worked across five businesses in General Electric’s Financial Management Program.

Rishikesh earned a graduate degree from Narsee Monjee College of Commerce and Economics, Mumbai and a postgraduate degree from Jamnalal Bajaj Institute of Management Studies, Mumbai.

Education
  • Narsee Monjee College of Commerce and Economics, Mumbai
  • Jamnalal Bajaj Institute of Management Studies, Mumbai
Experience
  • Managed Fund since 2014
 

Literature

Literature

Fact Sheet

Download - Last updated: Jun 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