Overview

Portfolio Construction

Historical Returns (%) as of Dec 31, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
01/31/2018
Fund at NAV 5.22 9.39 5.22 38.26 20.12
MSCI World ex USA Small Cap Index3 4.67 9.22 4.67 32.38 15.02 11.33 19.43
12/31/2017
Fund at NAV 1.65 5.41 37.20 37.20 18.06
MSCI World ex USA Small Cap Index3 2.90 5.83 31.04 31.04 12.95 11.36 17.66
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. The share class has no sales charge.
 

Fund Facts as of Jan 31, 2018

Class I Inception 12/16/2015
Investment Objective Long-term capital appreciation
Total Net Assets $38.4M
Minimum Investment $250000
Expense Ratio (Gross)4 2.74%
Expense Ratio (Net)4,5 1.15%
CUSIP 27830N884

Top 10 Holdings (%)6,7 as of Jan 31, 2018

IMCD Group NV
Amplifon SpA
Frutarom Industries Ltd
Trelleborg AB
Melrose Industries PLC
Technopolis OYJ
Indutrade AB
DS Smith PLC
Moncler SpA
CAE Inc
Total 13.74
 

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. 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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry, including REITs. 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 Dec 31, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
01/31/2018
Fund at NAV 5.22 9.39 5.22 38.26 20.12
MSCI World ex USA Small Cap Index3 4.67 9.22 4.67 32.38 15.02 11.33 19.43
Morningstar Foreign Small/Mid Blend Category8 4.64 8.28 4.64 32.66 14.11 10.94
12/31/2017
Fund at NAV 1.65 5.41 37.20 37.20 18.06
MSCI World ex USA Small Cap Index3 2.90 5.83 31.04 31.04 12.95 11.36 17.66
Morningstar Foreign Small/Mid Blend Category8 2.33 5.04 31.58 31.58 12.15 10.90
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. The share class has no sales charge.
 

Calendar Year Returns (%)

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Fund at NAV 0.99 37.20
MSCI World ex USA Small Cap Index3 -48.03 50.82 24.51 -15.81 17.48 25.55 -5.35 5.46 4.32 31.04
 

Fund Facts

Expense Ratio (Gross)4 2.74%
Expense Ratio (Net)4,5 1.15%
Class I Inception 12/16/2015
Distribution Frequency Annually

NAV History

Date NAV NAV Change
Feb 16, 2018 $13.40 $0.02
Feb 15, 2018 $13.38 $0.14
Feb 14, 2018 $13.24 $0.18
Feb 13, 2018 $13.06 -$0.02
Feb 12, 2018 $13.08 $0.14
Feb 09, 2018 $12.94 $0.04
Feb 08, 2018 $12.90 -$0.33
Feb 07, 2018 $13.23 -$0.02
Feb 06, 2018 $13.25 $0.05
Feb 05, 2018 $13.20 -$0.47
 

Distribution History9

Ex-Date Distribution Reinvest NAV
Dec 28, 2017 $0.20470 $13.22
Dec 29, 2016 $0.24890 $9.94
Dec 31, 2015 $0.00370 $10.13
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 28, 2017 $0.09050 $0.16670 $13.22
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. 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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry, including REITs. 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 (%)7 as of Jan 31, 2018

Foreign Common Stocks 97.23
Cash 2.37
U.S. Common Stocks 0.40
Total 100.00

Portfolio Statistics as of Jan 31, 2018

Average Market Cap $3.9B
Price/Earnings Ratio 19.08
Number of Holdings 139
Price/Book Ratio 2.07
Countries Represented 22

GICS Sector Breakdown (%)7 as of Jan 31, 2018

Sector Fund MSCI World ex USA Small Cap Index3
Consumer Discretionary 16.84 15.28
Consumer Staples 5.76 6.49
Energy 3.76 3.77
Financials 12.28 11.34
Health Care 7.75 6.87
Industrials 19.83 20.83
Information Technology 9.06 10.97
Materials 9.66 10.65
Real Estate 10.44 10.20
Telecom Services 0.46 1.21
Utilities 1.77 2.38
Cash 2.37
 

Assets by Country (%)7 as of Jan 31, 2018

Japan 27.26
United Kingdom 14.99
Canada 9.19
Germany 6.50
Italy 5.83
Australia 5.24
Sweden 4.93
France 4.28
Switzerland 3.41
Belgium 3.14
Total 100.00
View All

Geographic Mix (%)7 as of Jan 31, 2018

Europe 52.22
Asia/Pacific 34.40
North America 9.58
Middle East 1.43
Cash & Other Assets 2.37
Total 100.00
 

Fund Holdings (%)7,10 as of Dec 31, 2017

Holding % of Net Assets
Frutarom Industries Ltd 1.49%
Technopolis OYJ 1.48%
Melrose Industries PLC 1.48%
IMCD Group NV 1.43%
Indutrade AB 1.40%
DS Smith PLC 1.35%
CAE Inc 1.34%
Okamura Corp 1.31%
Amplifon SpA 1.31%
Brenntag AG 1.28%
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. 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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry, including REITs. 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

Aidan M. Farrell

Aidan M. Farrell

Vice President, Eaton Vance Advisers International Ltd.
Joined Eaton Vance 2015

Biography

Aidan Farrell is a vice president of Eaton Vance Advisers International Ltd. and director of global small-cap equity. He is responsible for managing global and international small-cap equity portfolios, leading a team of analysts. He joined Eaton Vance in 2015.

Aidan began his career in the investment management industry in 1996. Before joining Eaton Vance, he was managing director and a lead portfolio manager for Goldman Sachs Asset Management (GSAM). Prior to June 2008, he served as a director of European equities for Investment Insight (formerly the asset management arm of Halifax Bank of Scotland).

Aidan earned a B.A. in economics from the University College Dublin and a postgraduate diploma in business studies from the University College Dublin Michael Smurfit Graduate Business School. Aidan is an associate of the CFA Society of the UK.

Education
  • B.A. University College Dublin
  • Pg.Dip. University College Dublin

Experience
  • Managed Fund since inception

 

Literature

Literature

Fact Sheet

Download - Last updated: Dec 31, 2017

Annual Report

Download - Last updated: Nov 30, 2017

Full Prospectus

Download - Last updated: Apr 1, 2017

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

Download

SAI

Download - Last updated: Apr 1, 2017

Semi-Annual Report

Download - Last updated: May 31, 2017

Summary Prospectus

Download - Last updated: Nov 1, 2017

XBRL

Download - Last updated: Apr 7, 2017