Overview

Historical Returns (%) as of Sep 30, 2018

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 Facts as of Nov 30, 2018

Class C Inception 06/30/2006
Investment Objective Long-term capital appreciation
Total Net Assets $1.6B
Minimum Investment $1000
Expense Ratio2 2.12%
CUSIP 277923769

Top 10 Holdings (%)3,4 as of Oct 31, 2018

Credicorp Ltd.
Sberbank
America Movil SA
Lukoil OAO
Gazprom
Naspers Ltd. N-Shares
Petroleo Brasileiro
MTN Group Ltd.
Tupras-Turkiye Petrol Rafine
Samsung Electronic
Total 5.84
 

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

About Risk: 

The value of equity securities 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, currency exchange rates or other conditions. In emerging countries, these risks may be more significant. 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, 2018

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 (%)

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Fund at NAV -52.13 66.08 20.97 -19.91 18.45 -0.05 -4.82 -17.26 11.20 26.11
MSCI Emerging Markets Index1 -53.33 78.51 18.88 -18.42 18.22 -2.60 -2.19 -14.92 11.19 37.28
 

Fund Facts

Expense Ratio2 2.12%
Class C Inception 06/30/2006
Distribution Frequency Annually

Risk Measures (3 Year)6 as of Nov 30, 2018

Alpha (%) -1.78
Beta 0.84
R-Squared (%) 93.16
Standard Deviation (%) 12.91
Sharpe Ratio 0.39
 

Morningstar Rating™ as of Oct 31, 2018

Time Period Rating Funds in
Diversified Emerging Mkts
Category
Overall ** 710
3 Years *** 710
5 Years ** 511
10 Years ** 230
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.

©2018 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
Dec 06, 2018 $13.42
Dec 04, 2018 $13.52 -$0.13
Dec 03, 2018 $13.65 $0.17
Nov 30, 2018 $13.48 -$0.03
Nov 29, 2018 $13.51 $0.02
Nov 28, 2018 $13.49 $0.19
Nov 27, 2018 $13.30 $0.01
Nov 26, 2018 $13.29 $0.02
Nov 23, 2018 $13.27 -$0.10
 

Distribution History7

Ex-Date Distribution Reinvest NAV
Dec 27, 2017 $0.11120 $15.30
Jul 26, 2017 $0.15470 $14.66
Jun 15, 2016 $0.14310 $11.83
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
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 equity securities 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, currency exchange rates or other conditions. In emerging countries, these risks may be more significant. 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 as of Oct 31, 2018

Foreign Common Stocks 99.79
Cash & Other Assets 0.21
Total 100.00

Portfolio Statistics as of Oct 31, 2018

Median Market Cap $2.3B
Price/Earnings Ratio 12.79
Number of Holdings 1,624
Price/Book Ratio 1.36
Countries Represented 49
 

GICS Sector Breakdown (%)4 as of Oct 31, 2018

Assets by Country (%)4 as of Oct 31, 2018

China 10.39
India 5.99
South Africa 5.97
Taiwan 5.96
Russia 5.88
Brazil 5.82
Korea 5.40
Mexico 5.34
Indonesia 3.13
Poland 3.06
View All
 

Geographic Mix (%)4 as of Oct 31, 2018

Asia/Pacific 46.08
Latin America 18.05
Eastern Europe 16.27
Africa 9.84
Middle East 8.28
Europe except U.K. 1.48
 

Fund Holdings (%)4,8 as of Oct 31, 2018

Holding % of Net Assets
Credicorp Ltd 0.75%
Sberbank of Russia PJSC 0.74%
America Movil SAB de CV 0.71%
LUKOIL PJSC 0.63%
Petroleo Brasileiro SA 0.58%
Gazprom PJSC 0.57%
Naspers Ltd 0.51%
MTN Group Ltd 0.50%
Tupras Turkiye Petrol Rafinerileri AS 0.49%
Samsung Electronics Co Ltd 0.45%
View All

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

About Risk: 

The value of equity securities 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, currency exchange rates or other conditions. In emerging countries, these risks may be more significant. 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 2007

 
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

 

Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2018

Commentary

Download - Last updated: Sep 30, 2018

Attribution

Download - Last updated: Oct 31, 2018

Annual Report

Download - Last updated: Jan 31, 2018

Estimated Capital Gains

Download - Last updated: Aug 31, 2018

Full Prospectus

Download - Last updated: Jun 1, 2018

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

Download

SAI

Download - Last updated: Jun 1, 2018

Semi-Annual Report

Download - Last updated: Jul 31, 2018

Summary Prospectus

Download - Last updated: Jun 1, 2018

MSCI: China A-shares still not ready for prime time

Download - Last updated: Jul 1, 2016

XBRL

Download - Last updated: Jun 14, 2018