Overview

Strong Morningstar Ratings as of 03/31/2019.3

Historical Returns (%) as of Mar 31, 2019

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 Mar 31, 2019

Institutional Class Inception 03/26/2014
Investment Objective Current income and
total return
Total Net Assets $58.5M
Minimum Investment $50000
Expense Ratio (Gross)6 1.02%
Expense Ratio (Net)6,7 0.40%
CUSIP 27826A813

Top 10 Holdings (%)8,9 as of Mar 31, 2019

Cisco Systems Inc. 0.62
Genuine Parts Company 0.62
Baker Hughes 0.61
RPC, Inc. 0.61
DTE Energy Company 0.61
Altria Group Inc. 0.61
KAR Auction Services, Inc. 0.61
Hawaiian Electric Industries Inc. 0.61
Sonoco Products Company 0.61
Franklin Resources Inc. 0.61
Total 6.12
 

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

About Risk: 

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. 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 Mar 31, 2019

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 (%)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Fund at NAV -0.36 19.52 15.79 -7.38
Russell 1000® Value Index4 19.69 15.51 0.39 17.51 32.53 13.45 -3.83 17.34 13.66 -8.27
NASDAQ U.S. Dividend Achievers™ Select Index5 19.59 14.87 6.32 11.73 29.02 10.12 -1.88 11.93 22.29 -1.98
 

Fund Facts

Expense Ratio (Gross)6 1.02%
Expense Ratio (Net)6,7 0.40%
Institutional Class Inception 03/26/2014
Distribution Frequency Quarterly

Yield Information as of Mar 31, 2019

Distribution Rate at NAV 2.84%
Subsidized SEC 30-day Yield11 3.21%
Unsubsidized SEC 30-day Yield 2.99%
 

Morningstar Rating™ as of Mar 31, 2019

Time Period Rating Funds in
Large Value
Category
Overall **** 1096
3 Years *** 1096
5 Years **** 939
 

NAV History

Date NAV NAV Change
Apr 17, 2019 $13.00 -$0.06
Apr 16, 2019 $13.06 $0.02
Apr 15, 2019 $13.04 -$0.03
Apr 12, 2019 $13.07 $0.07
Apr 11, 2019 $13.00 $0.01
Apr 10, 2019 $12.99 $0.07
Apr 09, 2019 $12.92 -$0.12
Apr 08, 2019 $13.04 -$0.01
Apr 05, 2019 $13.05 $0.08
Apr 04, 2019 $12.97 $0.05
 

Distribution History12

Ex-Date Distribution Reinvest NAV
Mar 19, 2019 $0.09110 $12.79
Dec 19, 2018 $0.09890 $11.62
Sep 19, 2018 $0.09060 $13.70
Jun 19, 2018 $0.10030 $13.22
Mar 20, 2018 $0.04820 $12.93
Dec 14, 2017 $0.08390 $12.92
Sep 19, 2017 $0.09710 $12.43
Jun 20, 2017 $0.07910 $12.21
Mar 21, 2017 $0.07220 $11.98
Dec 15, 2016 $0.06060 $11.82
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 History12

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 19, 2018 $0.09560 $0.17150 $11.62
Aug 09, 2018 $0.00900 $0.03990 $13.49
Dec 14, 2017 $0.06690 $0.07030 $12.92
Dec 15, 2016 $0.05030 $11.82
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: 

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. 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 (%)9 as of Mar 31, 2019

Portfolio Statistics as of Mar 31, 2019

Median Market Cap $18.5B
Price/Earnings Ratio 17.51
Number of Holdings 181
Price/Book Ratio 2.46
 

GICS Sector Breakdown (%)9 as of Mar 31, 2019

 

Fund Holdings (%)9,13 as of Feb 28, 2019

Holding % of Net Assets
PPL Corp 0.61%
Corning Inc 0.61%
Merck & Co Inc 0.61%
DSW Inc 0.61%
DTE Energy Co 0.61%
Microsoft Corp 0.61%
Waste Management Inc 0.61%
NorthWestern Corp 0.60%
Public Service Enterprise Group Inc 0.60%
Accenture PLC 0.60%
View All

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

About Risk: 

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. 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 Seto

Thomas Seto

Head of Investment Management
Parametric Seattle Investment Center
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

 
Timothy W. Atwill, Ph.D., CFA

Timothy W. Atwill, Ph.D., CFA

Head of Investment Strategy
Parametric Seattle Investment Center
Joined Parametric Portfolio Associates 2010

Biography

Timothy Atwill is head of investment strategy at Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. He leads Parametric's investment strategy team, which is responsible for all aspects of Parametric's investment strategies. In addition, he holds investment responsibilities for Parametric's emerging-market and international strategies, as well as the firm's commodity strategy. He joined Parametric in 2010.

Tim began his career in the investment management industry in 2000. Before joining Parametric, he was affiliated with Russell Investments in its manager research unit, performing due diligence duties for the firm's consulting clients, and in its trading group, implementing derivative strategies for institutional clients. Previously, he was a non-life actuary and derivatives portfolio manager at Safeco Insurance Company.

Tim earned a B.A. in mathematics from Reed College and a Ph.D. in mathematics from Dartmouth College. He holds the FCAS designation from the Casualty Actuarial Society and is a CFA charterholder.

Education
  • B.A. Reed College
  • Ph.D. Dartmouth College

Experience
  • Managed Fund since 2014

 
Alexander Paulsen

Alexander Paulsen

Director - Investment Strategy
Parametric Seattle Investment Center
Joined Parametric Portfolio Associates 2012

Biography

Alexander Paulsen is a director-investment strategy for Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. He is responsible for the research, creation and evolution of Parametric’s dividend equity and closed-end fund strategies. He joined Parametric in 2012.

Alex began his career in the investment management industry in 2008. He was previously affiliated with Blackrock.

Alex earned a B.S. from the University of Washington and an MSc from London School of Economics and Political Science.

Education
  • B.S. University of Washington
  • MSc London School of Economics and Political Science

Experience
  • Managed Fund since 2016

 

Literature

Literature

Fact Sheet

Download - Last updated: Dec 31, 2018

Annual Report

Download - Last updated: Feb 28, 2019

Full Prospectus

Download - Last updated: Jul 1, 2018

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

Download

SAI

Download - Last updated: Jul 1, 2018

Semi-Annual Report

Download - Last updated: Aug 31, 2018

Summary Prospectus

Download - Last updated: Jul 1, 2018

XBRL

Download - Last updated: Jul 11, 2018