Overview

Growth of $10,000

10-year period ended 09/30/2017

  • Class A at NAV

Historical Returns (%)as of Sep 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
10/31/2017
Fund at NAV 0.78 3.32 7.83 16.36 5.23 10.40 3.55
Fund w/Max Sales Charge -0.22 2.32 6.83 15.36 5.23 10.40 3.55
Russell 1000® Value Index1 0.73 2.50 8.70 17.78 7.99 13.47 5.99
09/30/2017
Fund at NAV 3.73 3.18 7.00 13.30 5.42 10.06 3.69
Fund w/Max Sales Charge 2.73 2.18 6.00 12.30 5.42 10.06 3.69
Russell 1000® Value Index1 2.96 3.11 7.92 15.12 8.53 13.19 5.91
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: 1%.

Fund Factsas of Oct 31, 2017

Class C Inception 11/04/1994
Performance Inception 09/23/1931
Investment Objective Total return
Total Net Assets $2.2B
Minimum Investment $1000
Expense Ratio2 1.81%
CUSIP 277905881

Top 10 Holdings (%)3,4as of Sep 30, 2017

Johnson & Johnson
JPMorgan Chase & Co
Verizon Communications Inc
Bank of America Corp
CH Robinson Worldwide Inc
Wells Fargo & Co
Chevron Corp
Philip Morris International Inc
Simon Property Group Inc
Pfizer Inc
Total 31.45

Portfolio Management

Edward J. Perkin, CFA Managed Fund since 2014
John D. Crowley Managed Fund since 2009

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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. 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, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
10/31/2017
Fund at NAV 0.78 3.32 7.83 16.36 5.23 10.40 3.55
Fund w/Max Sales Charge -0.22 2.32 6.83 15.36 5.23 10.40 3.55
Russell 1000® Value Index1 0.73 2.50 8.70 17.78 7.99 13.47 5.99
Morningstar Large Value Category5 1.09 3.42 10.66 19.35 7.77 12.64 5.76
09/30/2017
Fund at NAV 3.73 3.18 7.00 13.30 5.42 10.06 3.69
Fund w/Max Sales Charge 2.73 2.18 6.00 12.30 5.42 10.06 3.69
Russell 1000® Value Index1 2.96 3.11 7.92 15.12 8.53 13.19 5.91
Morningstar Large Value Category5 3.20 3.80 9.41 16.17 7.99 12.23 5.72
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: 1%.

Calendar Year Returns (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV 9.13 -34.94 16.13 9.22 -5.23 14.96 28.37 10.12 -1.82 8.74
Russell 1000® Value Index1 -0.17 -36.85 19.69 15.51 0.39 17.51 32.53 13.45 -3.83 17.34

Fund Facts

Expense Ratio2 1.81%
Class C Inception 11/04/1994
Performance Inception 09/23/1931
Distribution Frequency Quarterly

Risk Measures (3 Year)6as of Oct 31, 2017

Alpha (%) -2.00
Beta 0.92
R-Squared (%) 94.81
Standard Deviation (%) 9.73
Sharpe Ratio 0.50

Morningstar Rating™as of Oct 31, 2017

Time Period Rating Funds in
Large Value
Category
Overall ** 1102
3 Years ** 1102
5 Years ** 956
10 Years ** 682
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.

©2017 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
Nov 21, 2017 $19.54 $0.06
Nov 20, 2017 $19.48 $0.03
Nov 17, 2017 $19.45 -$0.03
Nov 16, 2017 $19.48 $0.10
Nov 15, 2017 $19.38 -$0.09
Nov 14, 2017 $19.47 -$0.04
Nov 13, 2017 $19.51 $0.02
Nov 10, 2017 $19.49 -$0.01
Nov 09, 2017 $19.50 -$0.06
Nov 08, 2017 $19.56 $0.00

Distribution History7

Ex-Date Distribution Reinvest NAV
Sep 11, 2017 $0.02220 $18.71
Jun 09, 2017 $0.02070 $18.65
Mar 09, 2017 $0.02710 $18.59
Dec 15, 2016 $0.02470 $18.07
Sep 09, 2016 $0.02710 $16.92
Jun 09, 2016 $0.02780 $16.92
Mar 09, 2016 $0.03260 $16.17
Dec 17, 2015 $0.02240 $16.59
Sep 09, 2015 $0.02480 $17.20
Jun 09, 2015 $0.02410 $18.73
View All
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 History7

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 17, 2015 $0.05650 $1.26980 $16.59
May 21, 2015 $0.25320 $19.16
Dec 16, 2014 $0.31320 $6.85430 $18.00
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. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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. 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 (%)4,8as of Sep 30, 2017

U.S. Common Stocks 95.93
Cash 2.17
Foreign Common Stocks 1.90
Total 100.00

Portfolio Statisticsas of Sep 30, 2017

Average Market Cap $127.3B
Price/Earnings Ratio 18.88
Number of Holdings 70
Price/Book Ratio 2.46

GICS Sector Breakdown (%)4as of Sep 30, 2017

Sector Fund Russell 1000® Value Index1
Consumer Discretionary 5.67 6.76
Consumer Staples 8.73 8.69
Energy 10.32 10.89
Financials 23.86 26.00
Health Care 13.20 13.89
Industrials 8.75 8.54
Information Technology 7.39 8.19
Materials 2.39 2.87
Real Estate 7.01 4.84
Telecom Services 5.36 3.17
Utilities 5.15 6.15
Cash 2.17

Market Cap Breakdown (%)4,9as of Sep 30, 2017

> $150 Billion 35.23
$50-150 Billion 27.31
$15-50 Billion 18.72
$5-15 Billion 16.43
$1.5-5 Billion 2.31
< $1.5Billion 0.00

Fund Holdings (%)4,10as of Sep 30, 2017

Holding % of Net Assets
Johnson & Johnson 4.23%
JPMorgan Chase & Co 3.88%
Verizon Communications Inc 3.74%
Bank of America Corp 3.43%
CH Robinson Worldwide Inc 3.10%
Wells Fargo & Co 2.90%
Chevron Corp 2.83%
Philip Morris International Inc 2.49%
Simon Property Group Inc 2.47%
Pfizer Inc 2.43%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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. 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. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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. 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.

Additional Notes 

Source: Factset.

Attribution analysis shows the contribution of indicated factor exposures to a portfolio's relative total return versus a designated benchmark. Results are based on each day's ending holdings, and linked to generate attribution over longer periods. Portfolio returns do not reflect applicable expenses and trading costs, or variations in transaction prices from end of day values.

Allocation Effect 

Measures portfolio's excess return due to over or under-weighting a sector.

Selection Effect 

Measures portfolio's excess return from selecting individual stocks within each sector.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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. 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
Edward J. Perkin, CFA

Edward J. Perkin, CFA

Vice President, Chief Equity Investment Officer
Eaton Vance Management
Joined Eaton Vance 2014

Eddie Perkin is a vice president of Eaton Vance Management and chief equity investment officer. He is responsible for all equity disciplines at Eaton Vance. Additionally, he serves as lead portfolio manager of Eaton Vance’s large-cap value strategy. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s large-cap value equity portfolios. He is head of the firm’s Equity Strategy Committee and a member of the Eaton Vance Management Committee. He joined Eaton Vance in April 2014.

Eddie began his career in the financial services industry in 1993. Before joining Eaton Vance, he served as chief investment officer (international and emerging-market equity) as well as managing director/portfolio manager (Europe, EAFE and Global) at Goldman Sachs Asset Management (GSAM) in London. Before relocating to London in 2008, Eddie was a portfolio manager and analyst on GSAM’s U.S. value equity team in New York. Eddie was previously associated with FISERV and American Retirement Insurance Services.

Eddie earned a B.A. from the University of California, Santa Barbara, and an MBA from Columbia Business School. He is a CFA charterholder and is a member of the board of directors of Junior Achievement of Northern New England.

Education
  • B.A. University of California, Santa Barbara
  • M.B.A. Columbia University

Experience
  • Managed Fund since 2014

Biography
John D. Crowley

John D. Crowley

Vice President, Eaton Vance Management
Joined Eaton Vance 1998

John Crowley is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s value team. In addition, he serves as lead portfolio manager of Eaton Vance’s focused value strategy. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s value equity strategies. He is a member of the firm’s Equity Strategy Committee. He began his career in the investment management industry with Eaton Vance in 1998.

John earned a B.A. and an M.A. from The Catholic University of America and an MBA from Babson College. He is a member of the CFA Institute and the Boston Security Analysts Society.

Education
  • B.A., M.A., The Catholic University of America
  • M.B.A. F.W. Olin Graduate School of Business, Babson College

Experience
  • Managed Fund since 2009


Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2017

Commentary

Download - Last updated: Sep 30, 2017

Attribution

Download - Last updated: Sep 30, 2017

Annual Report

Download - Last updated: Dec 31, 2016

Full Prospectus

Download - Last updated: May 1, 2017

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

Download

SAI

Download - Last updated: May 1, 2017

Semi-Annual Report

Download - Last updated: Jun 30, 2017

Summary Prospectus

Download - Last updated: May 1, 2017

XBRL

Download - Last updated: May 17, 2017