Overview

Growth of $10,000

Since Fund inception 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. Life of Fund
08/31/2016
Fund at NAV 1.17 8.53 11.76 6.53 -1.96 -2.14
Fund w/Max Sales Charge -4.63 2.25 5.36 0.35 -3.88 -3.58
MSCI Emerging Markets Index2 2.49 11.94 14.55 11.83 1.11 -0.42 0.82
06/30/2016
Fund at NAV 4.52 1.34 7.62 -10.43 -2.78 -3.19
Fund w/Max Sales Charge -1.54 -4.47 1.46 -15.60 -4.67 -4.67
MSCI Emerging Markets Index2 4.00 0.66 6.41 -12.05 -1.56 -3.78 -1.06
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, 2016

Class A Inception 08/29/2012
Investment Objective Long-term capital appreciation
Total Net Assets $5.2M
Minimum Investment $1000
Expense Ratio (Gross)3 3.99%
Expense Ratio (Net)3,4 1.51%
CUSIP 277902391

Top 10 Holdings (%)5,6as of Jun 30, 2016

Samsung Electronic
China Mobile Ltd.
Tencent Holdings
Taiwan Semiconductor Manf.
Chunghwa Telecom
Alibaba Group
America Movil SA
Infosys Technologies
Korea Electric Power
KT & G
Total 22.20

Portfolio Management

Vital Proulx, CFA Managed Fund since inception
Jean-René Adam, CFA Managed Fund since inception
Jean-Benoit Leblanc, CFA Managed Fund since inception
Jean-Pierre Couture Managed Fund since inception

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. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. 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. 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. Life of Fund
08/31/2016
Fund at NAV 1.17 8.53 11.76 6.53 -1.96 -2.14
Fund w/Max Sales Charge -4.63 2.25 5.36 0.35 -3.88 -3.58
MSCI Emerging Markets Index2 2.49 11.94 14.55 11.83 1.11 -0.42 0.82
Morningstar™ Diversified Emerging Mkts Category7 1.60 9.77 12.51 10.44 1.25 -0.13
06/30/2016
Fund at NAV 4.52 1.34 7.62 -10.43 -2.78 -3.19
Fund w/Max Sales Charge -1.54 -4.47 1.46 -15.60 -4.67 -4.67
MSCI Emerging Markets Index2 4.00 0.66 6.41 -12.05 -1.56 -3.78 -1.06
Morningstar™ Diversified Emerging Mkts Category7 3.61 2.28 6.22 -9.89 -1.30 -3.19
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 -1.10 -8.81 -16.14
MSCI Emerging Markets Index2 32.14 39.39 -53.33 78.51 18.88 -18.42 18.22 -2.60 -2.19 -14.92

Fund Facts

Expense Ratio (Gross)3 3.99%
Expense Ratio (Net)3,4 1.51%
Class A Inception 08/29/2012
Distribution Frequency Annually

Risk Measures (3 Year)8as of Aug 31, 2016

Alpha (%) -3.00
Beta 0.88
R-Squared (%) 95.08
Standard Deviation (%) 15.10
Sharpe Ratio -0.14

Morningstar™ Ratingsas of Aug 31, 2016

Time Period Rating Rating (Load Waived) Funds in
Diversified Emerging Mkts
Category
Overall * ** 592
3 Years * ** 592
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 26, 2016 $8.73 -$0.09
Sep 23, 2016 $8.82 -$0.06
Sep 22, 2016 $8.88 $0.10
Sep 21, 2016 $8.78 $0.12
Sep 20, 2016 $8.66 $0.00
Sep 19, 2016 $8.66 $0.05
Sep 16, 2016 $8.61 -$0.04
Sep 15, 2016 $8.65 $0.08
Sep 14, 2016 $8.57 $0.01
Sep 13, 2016 $8.56 -$0.15
View All

Distribution History9

Ex-Date Distribution Reinvest NAV
Dec 22, 2014 $0.10370 $9.33
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 History9

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 22, 2014 $0.02760 $0.24500 $9.33
Dec 23, 2013 $0.12010 $10.40
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. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. 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. 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 (%)6as of Jun 30, 2016

Foreign Common Stocks 96.97
U.S. Common Stocks 0.13
Cash & Equivalents 2.91
Total 100.00

Portfolio Statisticsas of Jun 30, 2016

Median Market Cap $9.5B
Price/Earnings Ratio 12.55
Price/Book Ratio 0.54
Number of Holdings 147
% of Portfolio in Developed Countries 1.0
% of Portfolio in Emerging Countries 99.0

GICS Sector Breakdown (%)6as of Jun 30, 2016

Sector Fund MSCI Emerging Markets Index2
Consumer Discretionary 9.18 10.51
Consumer Staples 12.06 8.45
Energy 5.24 7.45
Financials 20.51 26.09
Health Care 1.42 2.68
Industrials 3.53 6.15
Information Technology 15.47 22.52
Materials 6.65 6.35
Telecom Services 13.93 6.63
Utilities 9.09 3.16
Cash 2.91 0.00

Geographic Mix vs. Benchmark (%)6as of Jun 30, 2016

Fund Benchmark
Mexico 7.53 4.10
Brazil 3.92 7.23
Other - Emerging America 2.49 2.11
Total - Emerging America 13.94 13.44
China 21.82 25.80
South Korea 20.19 14.61
Taiwan 8.24 12.07
India 8.20 8.37
Malaysia 3.38 2.95
Other - Emerging Asia 6.17 6.55
Total - Emerging Asia 67.99 70.34
Turkey 4.08 1.34
South Africa 3.76 7.31
Other - Emerging EMEA 6.34 7.56
Total - Emerging EMEA 14.17 16.22
Other 1.00
Cash 2.91

Currency Exposure vs. Benchmark (%)6as of Jun 30, 2016

Fund Benchmark
Indian Rupee 13.29 8.37
Chinese Yuan 11.96 25.80
Korean Won 9.65 14.61
Brazilian Real 9.21 7.23
Taiwanese Dollar 9.11 12.07
South African Rand 8.26 7.31
US Dollar 7.59
Mexican Peso 7.24 4.10
Fillipino Peso 4.57 1.58
Russian Ruble 3.77 3.74
Total 100.00 100.00
View All

Assets by Country (%)6as of Jun 30, 2016

China 21.82
South Korea 20.19
Taiwan 8.24
India 8.20
Mexico 7.53
Turkey 4.08
Brazil 3.92
South Africa 3.76
Poland 3.45
Malaysia 3.38
View All

Fund Holdings (%)6,10as of Jul 31, 2016

Holding % of Net Assets
NEW TAIWAN DOLLAR 5.06%
iShares MSCI India ETF 4.89%
Samsung Electronics Co Ltd 4.08%
China Mobile Ltd 3.71%
Tencent Holdings Ltd 3.00%
Taiwan Semiconductor Manufacturing Co Ltd 1.94%
America Movil SAB de CV 1.71%
iShares India 50 ETF 1.69%
Alibaba Group Holding Ltd 1.69%
Tenaga Nasional Bhd 1.63%
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. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. 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. 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. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. 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. 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. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. 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. 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
Vital Proulx, CFA

Vital Proulx, CFA

President & Chief Investment Officer
Hexavest
Co-founded Hexavest 2004

Vital Proulx is president and chief investment officer of Hexavest Inc., an investment adviser and Montreal-based affiliate of Corp. He joined Hexavest in 2004.

Vital began his career in the investment management industry in 1989. Prior to co-founding Hexavest, Vital was senior vice president, international equities at Natcan Investment Management. He was previously affiliated with Les Conseillers financiers du St-Laurent, where he started the international and U.S. equity strategies that Hexavest still manages to this day.

Vital holds a bachelor's degree in business administration from Laval University. He is a CFA charterholder.

Education
  • B.B.A. Laval University
Experience
  • Managed Fund since inception
Biography
Jean-René Adam, CFA

Jean-René Adam, CFA

Vice President & Assistant Chief Investment Officer
Hexavest
Joined Hexavest 2006

Jean-René Adam works closely with the firm’s Chief Investment Officer in the elaboration of our macro strategy and he is also responsible for managing North American equities.

Before joining Hexavest in 2006, Jean-René was Equity Research Associate, Special Situations at National Bank Financial (2004-2005) and Generalist and Equity Research Associate at Desjardins Securities (2002-2004).

He holds a bachelor’s degree in Commerce (2000) and a master’s degree in Finance (2001) from Sherbrooke University and he is also a CFA charterholder (2004).

Education
  • B.Comm. Sherbrooke University
  • M.Fin. Sherbrooke University
Experience
  • Managed Fund since inception
Biography
Jean-Benoit Leblanc, CFA

Jean-Benoit Leblanc, CFA

Portfolio Manager, Hexavest
Joined Hexavest 2009

Jean-Benoit co-manages Emerging Markets equities at Hexavest.

Prior to joining the firm in 2009, he was Portfolio Manager and Sector Analyst at Natcan/Selexia (2001-2008), Research Associate (Communications and Media) at Newcrest Capital (2000), and Financial Analyst, Telecoms and Information Technology at Innovatech du Grand Montréal (1999-2000).

Jean-Benoit holds a bachelor’s degree in Business Administration (Accounting) (1998) and a master’s degree in Finance from Sherbrooke University (1999), in addition to being a CFA charterholder (2002).

Education
  • B.B.A. Sherbrooke University
  • M.Fin. Sherbrooke University
Experience
  • Managed Fund since inception
 
Biography
Jean-Pierre Couture

Jean-Pierre Couture

Portfolio Manager, Hexavest
Joined Hexavest 2010

Jean-Pierre Couture is responsible for macroeconomic research on Emerging Markets and also co-manages the firm’s Emerging Markets equities portfolio.

Prior to joining Hexavest in 2010, Jean-Pierre spent 9 years at Caisse de dépôt et placement du Québec where he held a number of roles, including Director of Macroeconomic Research and Senior Analyst, Global Macro. His career started at the National Bank of Canada where he worked as an Economist from 1995 to 2001.

Jean-Pierre holds a bachelor’s degree (1993) and a master’s degree in Economics (1996) from Université du Québec à Montréal.

Education
  • B.Econ. Université du Québec à Montréal
  • M.Econ. Université du Québec à Montréal
Experience
  • Managed Fund since inception

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2016

Annual Report

Download - Last updated: Jul 31, 2016

Full Prospectus

Download - Last updated: Dec 1, 2015

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

Download

Eaton Vance Launches Four Equity Funds Sub-Advised by Hexavest Inc.

Download - Last updated: Sep 4, 2012

SAI

Download - Last updated: Dec 1, 2015

Semi-Annual Report

Download - Last updated: Jan 31, 2016

Summary Prospectus

Download - Last updated: Dec 1, 2015

XBRL

Download - Last updated: Dec 1, 2015