Overview

Historical Returns (%) as of Jun 30, 2022

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: 5.25%.
 

Fund Facts as of Aug 31, 2022

Class A Inception 03/26/2014
Investment Objective Current income and total return
Total Net Assets $90.3M
Minimum Investment $1000
Expense Ratio (Gross)3,4 0.89%
Expense Ratio (Net)3,4 0.65%
CUSIP 27826A821

Top 10 Holdings (%)5,6 as of Jun 30, 2022

H&R Block Inc. 0.84
HF Sinclair Corporation 0.70
International Business Machines Corporation 0.70
Kellogg Company 0.69
General Mills Inc. 0.69
Coca-Cola Company 0.69
Merck & Co. Inc. 0.69
Gilead Sciences Inc. 0.68
Kimberly-Clark Corporation 0.68
Spire Inc. 0.67
Total 7.02
 

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

RISK CONSIDERATIONS 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The sub-adviser uses proprietary investment techniques and analyses in making investment decisions for the Fund. A systematic investment process is dependent on the sub-adviser’s skill in developing and maintaining that process. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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, 2022

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: 5.25%.
 

Calendar Year Returns (%)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Fund at NAV -0.68 19.33 15.47 -7.62
Russell 1000® Value Index2 19.69 15.51 0.39 17.51 32.53 13.45 -3.83 17.34 13.66 -8.27
 

Fund Facts

Expense Ratio (Gross)3,4 0.89%
Expense Ratio (Net)3,4 0.65%
Class A Inception 03/26/2014
Distribution Frequency Quarterly

Yield Information as of Aug 31, 2022

Distribution Rate at NAV 2.27%
Subsidized SEC 30-day Yield8 2.40%
Unsubsidized SEC 30-day Yield 2.32%
 

Morningstar Rating™ as of Aug 31, 2022

Time Period Rating Funds in
Large Value
Category
Overall 1154
3 Years 1154
5 Years 1082
10 Years 785
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. Hollow stars denote Morningstar Extended Performance Ratings and are considered estimates based on the performance of the fund's oldest share class, adjusted for fees and expenses.

©2022 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
Sep 30, 2022 $14.27 -$0.17
Sep 29, 2022 $14.44 -$0.27
Sep 28, 2022 $14.71 $0.31
Sep 27, 2022 $14.40 -$0.07
Sep 26, 2022 $14.47 -$0.19
Sep 23, 2022 $14.66 -$0.31
Sep 22, 2022 $14.97 -$0.11
Sep 21, 2022 $15.08 -$0.18
Sep 20, 2022 $15.26 -$0.23
Sep 19, 2022 $15.49 $0.16
 

Distribution History9

Ex-Date Distribution Reinvest NAV
Sep 20, 2022 $0.01830 $15.26
Jun 22, 2022 $0.08870 $14.95
Mar 21, 2022 $0.08660 $16.61
Dec 21, 2021 $0.10470 $15.93
Sep 21, 2021 $0.08920 $15.09
Jun 21, 2021 $0.09900 $15.59
Mar 19, 2021 $0.08890 $14.87
Dec 21, 2020 $0.10400 $13.24
Sep 21, 2020 $0.08890 $11.50
Jun 19, 2020 $0.06810 $11.51
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 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.

RISK CONSIDERATIONS 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The sub-adviser uses proprietary investment techniques and analyses in making investment decisions for the Fund. A systematic investment process is dependent on the sub-adviser’s skill in developing and maintaining that process. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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 Jun 30, 2022

Portfolio Statistics as of Jun 30, 2022

Median Market Cap 23.7B
Price/Earnings Ratio 14.78
Number of Holdings 182
Price/Book Ratio 2.63
 

GICS Sector Breakdown (%)6 as of Jun 30, 2022

 

Fund Holdings (%)6,10 as of Jul 31, 2022

Holding % of Net Assets
MSILF GOVERNMENT PORTFOLIO MSILF GOVERNMENT PORTFOLIO 2.93%
Moelis & Co 0.66%
Analog Devices Inc 0.65%
Texas Pacific Land Corp 0.64%
Hubbell Inc 0.64%
Genuine Parts Co 0.64%
IDEX Corp 0.63%
Coterra Energy Inc 0.63%
Artisan Partners Asset Management Inc 0.62%
Linde PLC 0.62%
View All

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

RISK CONSIDERATIONS 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The sub-adviser uses proprietary investment techniques and analyses in making investment decisions for the Fund. A systematic investment process is dependent on the sub-adviser’s skill in developing and maintaining that process. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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

Thomas C. Seto

Thomas C. Seto

Head of Investment Management
Joined Parametric Portfolio Associates 1998

Biography

Thomas Seto is head of investment management with Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. Tom is responsible for all portfolio management and trading at the Seattle Investment Center, and is a member of the executive committee. He joined Parametric in 1998.

Tom began his career in the investment management industry in 1991. Before joining Parametric, he served as the head of U.S. equity index investments at Barclays Global Investors.

Tom earned a B.S. in electrical engineering from the University of Washington and an MBA from the University of Chicago Booth School of Business.

Education
  • B.S. University of Washington
  • M.B.A Booth School of Business, University of Chicago

Experience
  • Managed Fund since inception

 
Jennifer Sireklove, CFA

Jennifer Sireklove, CFA

Managing Director, Investment Strategy
Joined Parametric Portfolio Associates 2013

Biography

Jennifer Sireklove is managing director, investment strategy for Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. She leads the investment strategy team, which is responsible for all aspects of Parametric's equity-based investment strategies. In addition, she has direct investment responsibility for Parametric's emerging-market and international strategies, and chairs Parametric's Stewardship Committee. She joined Parametric in 2013.

Jennifer began her career in the investment management industry in 2003. Previously at Parametric, she helped build the firm's active ownership and custom ESG portfolio construction practices. Before joining Parametric, she worked in equity research, primarily covering the energy, utility and industrial sectors at firms including D.A. Davidson and McAdams Wright Ragen.

Jennifer earned a B.A. in economics from Reed College and an MBA in finance and accounting from the University of Chicago. She is a CFA charterholder and a member of the CFA Society Seattle.

Education
  • B.A. Reed College
  • MBA University of Chicago

Experience
  • Managed Fund since 2021

 

Literature

Literature

Fact Sheet

Download Fact Sheet - Last updated: Jun 30, 2022

Commentary

Download Commentary - Last updated: Jun 30, 2022

Annual Report

Download Annual Report - Last updated: Feb 28, 2022

Full Prospectus

Download Full Prospectus - Last updated: Jul 1, 2022

Q1 Holdings

Download Q1 Holdings - Last updated: May 31, 2022

Q3 Holdings

Download Q3 Holdings - Last updated: Nov 30, 2021

Holdings - Form N-PORT

Download Holdings - Form N-PORT

SAI

Download SAI - Last updated: Jul 1, 2022

Semi-Annual Report

Download Semi-Annual Report - Last updated: Aug 31, 2021

Summary Prospectus

Download Summary Prospectus - Last updated: Jul 1, 2022