Overview

Portfolio Construction

Historical Returns (%)as of Jun 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
Fund at NAV 1.01 9.97 20.44 25.34 14.54
MSCI World ex USA Small Cap Index3 0.32 7.28 15.45 21.26 4.02 11.43 14.29
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 Factsas of Jun 30, 2017

Class I Inception 12/16/2015
Investment Objective Long-term capital appreciation
Total Net Assets $12.4M
Minimum Investment $250000
Expense Ratio (Gross)4 2.74%
Expense Ratio (Net)4,5 1.15%
CUSIP 27830N884

Top 10 Holdings (%)6,7as of Jun 30, 2017

iShares MSCI Japan Small-Cap ETF
Melrose Industries PLC
DS Smith PLC
Frutarom Industries Ltd
UDG Healthcare PLC
IWG PLC
IMCD Group NV
Trelleborg AB
Indutrade AB
Moncler SpA
Total 14.60

Portfolio Management

Aidan M. Farrell 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. 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 Jun 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
Fund at NAV 1.01 9.97 20.44 25.34 14.54
MSCI World ex USA Small Cap Index3 0.32 7.28 15.45 21.26 4.02 11.43 14.29
Morningstar Foreign Small/Mid Blend Category8 0.55 8.28 17.98 23.65 3.99 11.31
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 (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV 0.99
MSCI World ex USA Small Cap Index3 3.28 -48.03 50.82 24.51 -15.81 17.48 25.55 -5.35 5.46 4.32

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
Jul 26, 2017 $12.47 $0.06
Jul 25, 2017 $12.41 $0.02
Jul 24, 2017 $12.39 $0.00
Jul 21, 2017 $12.39 $0.02
Jul 20, 2017 $12.37 $0.04
Jul 19, 2017 $12.33 $0.05
Jul 18, 2017 $12.28 $0.06
Jul 17, 2017 $12.22 $0.01
Jul 14, 2017 $12.21 $0.10
Jul 13, 2017 $12.11 $0.08

Distribution History9

Ex-Date Distribution Reinvest NAV
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
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 (%)7as of Jun 30, 2017

Foreign Common Stocks 87.64
U.S. Common Stocks 7.36
Cash 2.98
Other 2.02
Total 100.00

Portfolio Statisticsas of Jun 30, 2017

Average Market Cap $3.1B
Price/Earnings Ratio 17.75
Number of Holdings 146
Price/Book Ratio 1.94
Countries Represented 24

GICS Sector Breakdown (%)7as of Jun 30, 2017

Sector Fund MSCI World ex USA Small Cap Index3
Consumer Discretionary 14.96 15.26
Consumer Staples 6.43 6.50
Energy 3.73 3.78
Financials 11.32 10.84
Health Care 7.62 6.60
Industrials 19.18 21.52
Information Technology 8.02 10.58
Materials 9.91 10.74
Real Estate 11.41 10.44
Telecom Services 0.91 1.20
Utilities 1.52 2.54
Other 2.02
Cash 2.98

Assets by Country (%)7as of Jun 30, 2017

Japan 25.69
United Kingdom 15.76
Canada 8.27
Australia 7.37
Germany 4.57
Italy 4.21
Sweden 3.99
Switzerland 3.17
Netherlands 3.16
France 3.13
Total 100.00
View All

Geographic Mix (%)7as of Jun 30, 2017

Europe 48.65
Asia/Pacific 36.04
North America 10.87
Middle East 1.46
Cash & Other Assets 2.98
Total 100.00

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

Holding % of Net Assets
EV Cash Reserves Fund LLC 2.80%
iShares MSCI Japan Small-Cap ETF 1.96%
Melrose Industries PLC 1.49%
Nomura Co Ltd 1.46%
UDG Healthcare PLC 1.36%
IWG PLC 1.34%
IMCD Group NV 1.33%
DS Smith PLC 1.32%
Frutarom Industries Ltd 1.32%
Moncler SpA 1.31%
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.


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. 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.

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. 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

Biography
Aidan M. Farrell

Aidan M. Farrell

Vice President, Eaton Vance Management (International) Limited
Joined Eaton Vance 2015

Aidan Farrell is a vice president of Eaton Vance Management (International) Limited and director of global small-cap equity. He is responsible for managing global and international small-cap equity portfolios, leading a team of analysts and working alongside the director of global equity to expand the global equity business. He joined Eaton Vance in 2015.

Aidan began his career in the financial services 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 the 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: Jun 30, 2017

Annual Report

Download - Last updated: Nov 30, 2016

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: Apr 1, 2017

XBRL

Download - Last updated: Apr 7, 2017