Overview

Historical Returns (%) as of Sep 30, 2018

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 Facts as of Nov 30, 2018

Class A Inception 08/29/2012
Investment Objective Long-term capital appreciation
Total Net Assets $81.1M
Minimum Investment $1000
Expense Ratio (Gross)3 1.35%
Expense Ratio (Net)3,4 1.16%
CUSIP 277902367

Top 10 Holdings (%)5,6 as of Sep 30, 2018

Verizon Communications Inc.
Pfizer Inc.
Apple Inc.
Johnson & Johnson
Cisco Systems Inc.
AT&T Inc.
Novartis AG
Exxon Mobil Corp.
Royal Dutch Shell PLC
BNP Paribas
Total 15.38
 

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk: 

The value of equity securities is sensitive to stock market volatility. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), 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, currency exchange rates or other conditions. 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, 2018

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 (%)

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Fund at NAV 22.05 3.68 -0.60 11.76 14.47
MSCI World Index2 -40.71 29.99 11.76 -5.54 15.83 26.68 4.94 -0.87 7.51 22.40
 

Fund Facts

Expense Ratio (Gross)3 1.35%
Expense Ratio (Net)3,4 1.16%
Class A Inception 08/29/2012
Distribution Frequency Annually

Risk Measures (3 Year)8 as of Nov 30, 2018

Alpha (%) 1.92
Beta 0.68
R-Squared (%) 74.71
Standard Deviation (%) 7.41
Sharpe Ratio 0.91
 

Morningstar Rating™ as of Nov 30, 2018

Time Period Rating Funds in
World Large Stock
Category
Overall *** 732
3 Years *** 732
5 Years *** 610
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.

©2018 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
Dec 13, 2018 $12.19 $0.02
Dec 12, 2018 $12.17 $0.09
Dec 11, 2018 $12.08 -$0.01
Dec 10, 2018 $12.09 -$0.05
Dec 07, 2018 $12.14 -$0.14
Dec 06, 2018 $12.28
Dec 05, 2018 $12.33
Dec 04, 2018 $12.33 -$0.26
Dec 03, 2018 $12.59 $0.08
Nov 30, 2018 $12.51 $0.03
 

Distribution History9

Ex-Date Distribution Reinvest NAV
Dec 21, 2017 $0.18590 $12.80
Dec 20, 2016 $0.05820 $11.99
Dec 22, 2015 $0.23650 $10.97
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 21, 2017 $0.31290 $0.23460 $12.80
Dec 20, 2016 $0.18460 $0.19490 $11.99
Dec 22, 2015 $0.14780 $0.32420 $10.97
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: 

The value of equity securities is sensitive to stock market volatility. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), 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, currency exchange rates or other conditions. 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 (%)6 as of Sep 30, 2018

Portfolio Statistics as of Sep 30, 2018

Median Market Cap $23.6B
Price/Earnings Ratio 13.64
Number of Holdings 304
Price/Book Ratio 1.65
% of Portfolio in Developed Countries 100.0
% of Portfolio in Emerging Countries 0.0
Active Share10 68.93%
 

GICS Sector Breakdown (%)6 as of Sep 30, 2018

Geographic Mix vs. Benchmark (%)6 as of Sep 30, 2018

Fund Benchmark
Japan 10.15 8.52
Australia 2.85 2.34
Other -Asia 1.31 1.73
Total -Asia 14.30 12.60
United Kingdom 8.97 6.07
France 5.18 3.89
Switzerland 4.55 2.86
Germany 3.43 3.26
Other -Europe and Middle East 7.36 6.00
Total -Europe and Middle East 29.49 22.07
United States 47.53 61.98
Canada 3.76 3.35
Total -North America 51.28 65.33
Cash 4.92
 

Currency Exposure vs. Benchmark (%)6 as of Sep 30, 2018

Fund Benchmark
US Dollar 47.70 61.98
Euro 18.41 11.16
British Pound 15.64 6.07
Japanese Yen 11.63 8.52
Swiss Franc 2.41 2.86
Swedish Krone 1.10 0.95
Hong Kong Dollar 1.07 1.22
Canadian Dollar 0.53 3.35
Danish Krone 0.44 0.58
Singapore Dollar 0.43 0.44
View All

Assets by Country (%)6 as of Sep 30, 2018

United States 47.53
Japan 10.15
United Kingdom 8.97
France 5.18
Switzerland 4.55
Canada 3.76
Germany 3.43
Australia 2.85
Netherlands 2.42
Cash 4.92
View All
 

Fund Holdings (%)6,11 as of Oct 31, 2018

Holding % of Net Assets
EV Cash Reserves Fund LLC 7.89%
Verizon Communications Inc 2.30%
Pfizer Inc 1.92%
Johnson & Johnson 1.83%
Apple Inc 1.73%
Cisco Systems Inc 1.56%
AT&T Inc 1.48%
Exxon Mobil Corp 1.22%
Sumitomo Mitsui Financial Group Inc 1.20%
Microsoft Corp 1.17%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk: 

The value of equity securities is sensitive to stock market volatility. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), 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, currency exchange rates or other conditions. 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

Vital Proulx, CFA

Vital Proulx, CFA

Chairman & Co-Chief Investment Officer
Hexavest
Co-founded Hexavest 2004

Biography

Vital Proulx is chairman and co-chief investment officer of Hexavest Inc., an investment adviser and Montreal-based affiliate of Eaton Vance Corp. He cofounded Hexavest in 2004.

Vital began his career in the investment management industry in 1989. Prior to cofounding 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 the Université Laval. He is a CFA charterholder.

Education
  • B.B.A. Université Laval

Experience
  • Managed Fund since inception

 

Vincent Delisle, CFA

Co-Chief Investment Officer, Hexavest
Joined Hexavest 2018

Biography

Vincent Delisle is co-chief investment officer of Hexavest Inc., an investment adviser and Montreal-based affiliate of Eaton Vance Corp. He is part of the leadership of the firm’s strategy team, which develops the firm’s global equity outlook and determines overall portfolio strategy in terms of risk, regional allocation, currency exposure and investment themes. He joined Hexavest in 2018.

Vincent began his career in the investment management industry in 1994. Before joining Hexavest, he led the portfolio strategy team of Scotiabank as managing director, portfolio & quantitative strategy, where he provided asset mix recommendations and chaired the investment committee responsible for equity model portfolios. Previously, he was a portfolio strategist at Desjardins Securities.

Vincent earned a bachelor’s degree in finance from the Université Laval. He is a CFA charterholder.

Education
  • B.Comm. Université Laval

Experience
  • Managed Fund since 2018

 
Jean-Pierre Couture

Jean-Pierre Couture

Chief Economist & Portfolio Manager, Hexavest
Joined Hexavest 2010

Biography

Jean-Pierre Couture is chief economist and portfolio manager for Hexavest Inc., an investment adviser and Montreal-based affiliate of Eaton Vance Corp. He works closely with the firm’s president and with co-chief investment officer, Jean-René Adam, in the elaboration of the firm’s macro strategy and is also responsible for managing emerging markets equity portfolios. He joined Hexavest in 2010.

Jean-Pierre began his career in the investment management industry in 1995. Before joining Hexavest, he held roles at at Caisse de dépôt et placement du Québec, including director of macroeconomics research and senior analyst, global macro. He was previously an economist at the National Bank of Canada .

Jean-Pierre holds a bachelor’s degree and a master’s degree in economics 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

 
Marc Christopher Lavoie, CFA

Marc Christopher Lavoie, CFA

President & Portfolio Manager
Hexavest
Co-founded Hexavest 2004

Biography

Marc Christopher Lavoie is president of Hexavest Inc., an investment adviser and Montreal-based affiliate of Eaton Vance Corp. He is also responsible for managing European equities. He cofounded Hexavest in 2004.

Marc Christopher began his career in the investment management industry in 2000. Previously, he was vice president, European Markets, at Hexavest. Prior to cofounding Hexavest, Marc Christopher was analyst - international equities and asset allocation at Natcan Investment Management and senior associate of transaction services at PricewaterhouseCoopers.

Marc Christopher holds a bachelor’s degree in business administration and a master’s degree in accounting from the Université de Sherbrooke. He is a chartered accountant and a CFA charterholder.

Education
  • B.B.A. Université de Sherbrooke
  • M.Acc. Université de Sherbrooke

Experience
  • Managed Fund since inception

 

Christian Crête, CFA

Portfolio Manager, Hexavest
Joined Hexavest 2012

Biography

Christian Crête is portfolio manager, European markets, of Hexavest Inc., an investment adviser and Montreal-based affiliate of Eaton Vance Corp. He joined Hexavest in 2012.

Christian began his career in the investment management industry in 1999. Before joining Hexavest, he was an equity portfolio manager at the New Brunswick Investment Management Corporation, where he also held the role of research economist/analyst.

Christian earned a B.Sc. from Université du Québec à Montréal and an M.Sc. from Queen’s University. He is a CFA charterholder.

Education
  • B.Sc. Université du Québec à Montréal
  • M.Sc. Queen's University

Experience
  • Managed Fund since 2014

 

Etienne Durocher-Dumais, CFA

Portfolio Manager, Hexavest
Joined Hexavest 2012

Biography

Etienne Durocher-Dumais is portfolio manager, Asian markets, of Hexavest Inc., an investment adviser and Montreal-based affiliate of Eaton Vance Corp. He joined Hexavest in 2012.

Etienne began his career in the investment management industry in 2008. Before joining Hexavest, he was an equity research associate at Desjardins Securities.

Etienne holds a bachelor’s degree in business administration from the Université de Montréal. He is a CFA charterholder.

Education
  • B.B.A. Université de Montréal

Experience
  • Managed Fund since 2016

 

Kevin LeBlanc, CFA

Portfolio Manager, Hexavest
Joined Hexavest 2015

Biography

Kevin LeBlanc is a portfolio manager, North American markets, of Hexavest Inc., an investment adviser and Montreal-based affiliate of Eaton Vance Corp. He joined Hexavest in 2015.

Kevin began his career in the investment management industry in 2008. At Hexavest, he was previously an equity analyst, North American markets. Before joining Hexavest, he was a research associate covering the real estate, paper & forest, and fertilizer sectors/industries at Dundee Capital Markets. Previously, he was affiliated with Jarislowsky Fraser Limited.

Kevin earned a bachelor’s degree in finance from Concordia University. He is a CFA charterholder.

Education
  • B.Comm. Concordia University

Experience
  • Managed Fund since 2017

 

Jean-François Bérubé, Ph.D.

Vice President, Quantitative Analysis, Hexavest
Joined Hexavest 2009

Biography

Jean-François Bérubé is a vice president, quantitative analysis & information technology of Hexavest Inc., an investment adviser and Montreal-based affiliate of Eaton Vance Corp. He is responsible for quantitative research and brings his quantitative experience to the decision-making process as part of the firm’s strategy team. He joined Hexavest in 2009.

Jean-François began his career in the investment management industry in 2007. Before joining Hexavest, he was a quantitative analyst at Caisse de dépôt et placement du Québec.

Jean-François earned a Ph.D. and an M.Sc. in computer science, an M.Sc. in economics and a B.Sc. in economics from the Université de Montréal.

Education
  • B.Sc. Econ Université de Montréal
  • M.Sc. Econ Université de Montréal
  • M.Sc. CS Université de Montréal
  • Ph.D. CS Université de Montréal

Experience
  • Managed Fund since 2018

 

Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2018

Annual Report

Download - Last updated: Jul 31, 2018

Estimated Capital Gains

Download - Last updated: Aug 31, 2018

Full Prospectus

Download - Last updated: Dec 1, 2018

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, 2018

Semi-Annual Report

Download - Last updated: Jan 31, 2018

Summary Prospectus

Download - Last updated: Dec 1, 2018

XBRL

Download - Last updated: Dec 12, 2018