Overview

Historical Returns (%) as of Mar 31, 2018

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
Fund at NAV 0.22 -0.29 -0.29 16.13 7.51 7.15 6.85
MSCI EAFE Index1 -1.80 -1.53 -1.53 14.80 5.55 6.49 5.93
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, 2018

Class R6 Inception 08/10/2015
Performance Inception 04/01/2010
Investment Objective Long-term capital appreciation
Total Net Assets $245.9M
Minimum Investment $1000000
Expense Ratio (Gross)2 0.65%
Expense Ratio (Net)2,3 0.47%
CUSIP 27826A128

Top 10 Holdings (%)4,5 as of Mar 31, 2018

Nestle SA
Total SA
Compagnie Financiere Richemont SA
Air Liquide SA
Deutsche Telekom AG
Unilever NV Cert. of Shs
Orange SA
Vodafone Group PLC
Novartis AG
CSL Limited
Total 7.42
 

Morningstar Rating™ as of Mar 31, 2018

Time Period Rating Funds in
Foreign Large Blend
Category
Overall **** 605
3 Years ***** 605
5 Years **** 536
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.
 

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. 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, 2018

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
Fund at NAV 0.22 -0.29 -0.29 16.13 7.51 7.15 6.85
MSCI EAFE Index1 -1.80 -1.53 -1.53 14.80 5.55 6.49 5.93
Morningstar Foreign Large Blend Category6 -0.81 -0.86 -0.86 15.20 5.75 6.21
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 (%)

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Fund at NAV -9.97 17.21 18.41 -3.77 2.21 1.76 25.77
MSCI EAFE Index1 -43.38 31.78 7.75 -12.14 17.32 22.78 -4.90 -0.81 1.00 25.03
 

Fund Facts

Expense Ratio (Gross)2 0.65%
Expense Ratio (Net)2,3 0.47%
Class R6 Inception 08/10/2015
Performance Inception 04/01/2010
Distribution Frequency Annually

Risk Measures (3 Year)7 as of Mar 31, 2018

Alpha (%) 2.59
Beta 0.86
R-Squared (%) 94.22
Standard Deviation (%) 10.84
Sharpe Ratio 0.64
 

Morningstar Rating™ as of Mar 31, 2018

Time Period Rating Funds in
Foreign Large Blend
Category
Overall **** 605
3 Years ***** 605
5 Years **** 536
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
Apr 24, 2018 $13.90 -$0.04
Apr 23, 2018 $13.94 -$0.05
Apr 20, 2018 $13.99 -$0.07
Apr 19, 2018 $14.06 -$0.03
Apr 18, 2018 $14.09 $0.04
Apr 17, 2018 $14.05 $0.07
Apr 16, 2018 $13.98 $0.05
Apr 13, 2018 $13.93 $0.01
Apr 12, 2018 $13.92 $0.05
Apr 11, 2018 $13.87 -$0.07
 

Distribution History8

Ex-Date Distribution Reinvest NAV
Dec 27, 2017 $0.39370 $13.75
Dec 28, 2016 $0.19150 $11.16
Jun 15, 2016 $0.00500 $11.06
Dec 29, 2015 $0.29080 $11.45
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 History8

Ex-Date Short-Term Long-Term Reinvest NAV
Jun 15, 2016 $0.00950 $11.06
Dec 29, 2015 $0.00410 $11.45
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. 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 (%)5 as of Mar 31, 2018

Foreign Common Stocks 98.74
Cash & Other Assets 1.26
Total 100.00

Portfolio Statistics as of Mar 31, 2018

Median Market Cap $4.3B
Price/Earnings Ratio 16.20
Number of Holdings 1,105
Price/Book Ratio 1.86
Countries Represented 21

GICS Sector Breakdown (%)5 as of Mar 31, 2018

Sector Fund MSCI EAFE Index1
Consumer Discretionary 10.19 12.61
Consumer Staples 10.61 11.08
Energy 5.28 5.32
Financials 10.79 21.09
Health Care 9.34 10.14
Industrials 10.85 14.59
Information Technology 8.91 6.54
Materials 9.12 8.01
Real Estate 8.40 3.52
Telecom Services 8.11 3.83
Utilities 7.14 3.28
Cash 1.26 0.00
 

Assets by Country (%)5 as of Mar 31, 2018

Japan 14.01
Australia 8.96
Germany 8.93
France 8.83
Switzerland 8.81
United Kingdom 8.75
Italy 4.67
Spain 4.55
Netherlands 4.54
Hong Kong 4.48
View All

Geographic Mix (%)5 as of Mar 31, 2018

Europe except U.K. 58.23
Asia/Pacific 16.77
Japan 14.01
United Kingdom 8.75
Middle East 2.23
 

Fund Holdings (%)5,9 as of Feb 28, 2018

Holding % of Net Assets
Nestle SA 1.11%
TOTAL SA 0.85%
Air Liquide SA 0.85%
Cie Financiere Richemont SA 0.75%
CSL Ltd 0.74%
Deutsche Telekom AG 0.72%
Vodafone Group PLC 0.67%
Novartis AG 0.63%
Orange SA 0.62%
Unilever NV 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 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. 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

Paul Bouchey, CFA

Paul Bouchey, CFA

Chief Investment Officer
Parametric Seattle Investment Center
Joined Parametric Portfolio Associates 2006

Biography

Paul Bouchey is chief investment officer of Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. Paul Bouchey leads Parametric's Investment, Research and Strategy activities. He is responsible for setting the overall research agenda and new product development. He joined Parametric in 2006.

Paul began his career in the investment management industry in 1994. Before joining Parametric, Paul was a senior researcher at Russell Investment Group, where he focused on simulation, optimization and quantitative decision models for institutional and private clients.

Paul earned a B.A. in mathematics and physics from Whitman College and an M.S. in computational finance and risk management from the University of Washington. He holds a patent on cross-sectional volatility indexing and has authored more than 10 academic and practitioner articles in journals such as The Journal of Portfolio Management, The Journal of Wealth Management and The Journal of Index Investing. He is a CFA charterholder.

Education
  • B.A. Whitman College
  • M.S. University of Washington

Experience
  • Managed Fund since 2014

 
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

Tim Atwill is head of investment strategy with Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. He leads Parametric's investment strategy team and is responsible for managing the continued evolution of Parametric's investment strategies and communicating these strategies to external audiences.

Before joining Parametric, Tim 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 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 2016

 
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

 

Literature

Literature

Attribution

Download - Last updated: Mar 31, 2018

Annual Report

Download - Last updated: Jan 31, 2018

Full Prospectus

Download - Last updated: Jun 1, 2017

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

Download

SAI

Download - Last updated: Jun 1, 2017

Semi-Annual Report

Download - Last updated: Jul 31, 2017

Summary Prospectus

Download - Last updated: Jun 1, 2017

XBRL

Download - Last updated: Jun 9, 2017