Overview

Growth of $10,000

Since Fund inception 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. Life of Fund
11/30/2016
Fund at NAV -1.35 -4.31 -0.10 -0.84 -2.06 3.45
Fund w/Max Sales Charge -7.02 -9.81 -5.82 -6.56 -3.97 2.02
MSCI EAFE Index2 -1.99 -2.82 -2.34 -3.66 -2.21 5.61 5.11
09/30/2016
Fund at NAV 0.38 3.78 4.80 6.47 0.55 4.81
Fund w/Max Sales Charge -5.39 -2.19 -1.20 0.38 -1.42 3.30
MSCI EAFE Index2 1.23 6.43 1.73 6.52 0.48 7.38 6.38
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 08/29/2012
Investment Objective Long-term capital appreciation
Total Net Assets $6.4M
Minimum Investment $1000
Expense Ratio (Gross)3 3.16%
Expense Ratio (Net)3,4 1.28%
CUSIP 277902334

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

Nestle SA
Roche Holding AG
Novartis AG
Glaxosmithkline
Toyota Motor Corp.
HSBC Holdings PLC
Vodafone Group PLC
Reckitt Benckiser
National Grid PLC
Daimler AG
Total 15.65

Portfolio Management

Vital Proulx, CFA Managed Fund since inception
Jean-René Adam, CFA Managed Fund since inception
Jean-Pierre Couture Managed Fund since inception
Marc Christopher Lavoie, CFA Managed Fund since inception
Christian Crête, CFA Managed Fund since 2014
Etienne Durocher-Dumais, CFA Managed Fund since 2016

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. 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. Life of Fund
10/31/2016
Fund at NAV -3.36 -2.82 1.27 -1.64 -1.53 3.86
Fund w/Max Sales Charge -8.90 -8.41 -4.52 -7.28 -3.46 2.39
MSCI EAFE Index2 -2.05 -0.77 -0.35 -3.23 -1.31 4.99 5.72
Morningstar™ Foreign Large Blend Category7 -2.20 -0.40 0.69 -2.08 -1.26 4.69
09/30/2016
Fund at NAV 0.38 3.78 4.80 6.47 0.55 4.81
Fund w/Max Sales Charge -5.39 -2.19 -1.20 0.38 -1.42 3.30
MSCI EAFE Index2 1.23 6.43 1.73 6.52 0.48 7.38 6.38
Morningstar™ Foreign Large Blend Category7 1.32 6.19 2.93 6.53 0.53 7.13
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 19.12 -6.00 -1.40
MSCI EAFE Index2 26.34 11.17 -43.38 31.78 7.75 -12.14 17.32 22.78 -4.90 -0.81

Fund Facts

Expense Ratio (Gross)3 3.16%
Expense Ratio (Net)3,4 1.28%
Class A Inception 08/29/2012
Distribution Frequency Annually

Risk Measures (3 Year)8as of Nov 30, 2016

Alpha (%) -0.44
Beta 0.77
R-Squared (%) 90.89
Standard Deviation (%) 10.10
Sharpe Ratio -0.22

Morningstar™ Ratingsas of Oct 31, 2016

Time Period Rating Rating (Load Waived) Funds in
Foreign Large Blend
Category
Overall ** *** 713
3 Years ** *** 713
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 $10.22 $0.05
Dec 01, 2016 $10.17 -$0.03
Nov 30, 2016 $10.20 -$0.01
Nov 29, 2016 $10.21 $0.07
Nov 28, 2016 $10.14 -$0.03
Nov 25, 2016 $10.17 $0.01
Nov 23, 2016 $10.16 -$0.02
Nov 22, 2016 $10.18 $0.01
Nov 21, 2016 $10.17 $0.08
Nov 18, 2016 $10.09 -$0.10

Distribution History9

Ex-Date Distribution Reinvest NAV
Dec 22, 2015 $0.05350 $10.13
Dec 22, 2014 $0.21900 $10.72
Dec 23, 2013 $0.25570 $11.37
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, 2015 $0.01440 $0.09370 $10.13
Dec 22, 2014 $0.15330 $10.72
Dec 23, 2013 $0.35810 $0.10970 $11.37
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. 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 Sep 30, 2016

Foreign Common Stocks 90.67
U.S. Common Stocks 0.11
Cash & Equivalents 9.22
Total 100.00

Portfolio Statisticsas of Sep 30, 2016

Median Market Cap $24.3B
Price/Earnings Ratio 14.51
Price/Book Ratio 1.68
Number of Holdings 229
% of Portfolio in Developed Countries 91.7
% of Portfolio in Emerging Countries 8.3

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

Sector Fund MSCI EAFE Index2
Consumer Discretionary 11.54 12.22
Consumer Staples 15.39 12.82
Energy 2.12 4.83
Financials 14.94 19.16
Health Care 12.97 11.39
Industrials 9.56 14.08
Information Technology 2.32 5.54
Materials 4.93 7.50
Real Estate 3.28 3.98
Telecom Services 9.01 4.80
Utilities 4.72 3.68
Cash 9.22 0.00

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

Fund Benchmark
Japan 18.90 23.81
Australia 7.26 7.31
Other -Asia 2.88 4.96
Total -Asia 29.04 36.08
United Kingdom 19.18 18.87
Switzerland 11.14 8.97
Germany 5.88 8.99
France 3.54 9.71
Spain 3.21 3.04
Sweden 2.99 2.82
Other -Europe and Middle East 7.55 11.52
Total -Europe and Middle East 53.49 63.92
Other 8.25
Cash 9.22

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

Fund Benchmark
British Pound 28.77 18.87
Euro 24.04 30.16
Japanese Yen 17.83 23.81
Swiss Franc 7.09 8.97
Hong Kong Dollar 6.53 3.49
US Dollar 4.53
Swedish Krone 2.84 2.82
Danish Krone 2.36 1.76
Singapore Dollar 1.32 1.27
Israeli Shekel 0.73 0.71
View All

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

United Kingdom 19.18
Japan 18.90
Switzerland 11.14
Australia 7.26
Germany 5.88
France 3.54
Spain 3.21
Sweden 2.99
Denmark 2.56
Cash 9.22
View All

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

Holding % of Net Assets
Nestle SA 2.73%
EV Cash Reserves Fund LLC 2.47%
Roche Holding AG 2.35%
Novartis AG 2.01%
AUSTRALIAN DOLLAR 1.73%
iShares MSCI Emerging Markets ETF 1.41%
GlaxoSmithKline PLC 1.31%
JAPANESE YEN 1.28%
HSBC Holdings PLC 1.22%
iShares MSCI Japan ETF 1.21%
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. 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. 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. 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-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

Biography
Marc Christopher Lavoie, CFA

Marc Christopher Lavoie, CFA

Vice President & Portfolio Manager
Hexavest
Co-founded Hexavest 2004

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

Prior to co-founding Hexavest, Marc Christopher was analyst, international equities and asset allocation at Natcan Investment Management and senior associate, transaction services at PricewaterhouseCoopers.

Marc Christopher holds a bachelor's degree in business administration and a master's degree in accounting from Sherbrooke University. He is a chartered accountant and a CFA charterholder.

Education
  • B.B.A. Sherbrooke University
  • M.Acc. Sherbrooke University

Experience
  • Managed Fund since inception

Other funds managed
 
Biography

Christian Crête, CFA

Portfolio Manager, Hexavest
Joined Hexavest 2012

Christian Crête is a portfolio manager for Hexavest, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. He is responsible for buy and sell decisions and portfolio construction for the firm’s activity in European markets. 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 with the New Brunswick Investment Management Corporation.

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

Other funds managed
 
Biography

Etienne Durocher-Dumais, CFA

Portfolio Manager, Hexavest
Joined Hexavest 2012

Etienne Durocher-Dumais is portfolio manager, Asian markets, at Hexavest Inc., an investment adviser and Montreal-based affiliate of Eaton Vance Corp. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm's activity in Asian markets. 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

Other funds managed
 

Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2016

Annual Report

Download - Last updated: Jul 31, 2016

Full Prospectus

Download - Last updated: Dec 1, 2016

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, 2016

Think Performance Think Eaton Vance

Download - Last updated: Sep 30, 2016

Semi-Annual Report

Download - Last updated: Jan 31, 2016

Summary Prospectus

Download - Last updated: Dec 1, 2016