Overview

Historical Returns (%)as of Sep 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
10/31/2017
Fund at NAV 1.46 3.73 23.25 22.96 7.68 8.82 6.99
MSCI EAFE Index1 1.52 4.01 21.78 23.44 6.08 8.52 6.11
09/30/2017
Fund at NAV 1.86 5.15 21.47 17.21 7.01 8.65 6.86
MSCI EAFE Index1 2.49 5.40 19.96 19.10 5.03 8.37 5.97
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 Factsas of Oct 31, 2017

Class R6 Inception 08/10/2015
Performance Inception 04/01/2010
Investment Objective Long-term capital appreciation
Total Net Assets $254.8M
Minimum Investment $1000000
Expense Ratio (Gross)2 0.65%
Expense Ratio (Net)2,3 0.47%
CUSIP 27826A128

Top 10 Holdings (%)4,5as of Oct 31, 2017

Vodafone Group PLC
Nestle SA
National Grid PLC
Total SA
Air Liquide SA
Compagnie Financiere Richemont SA
Royal Dutch Shell PLC Class A
Deutsche Telekom AG
KDDI Corporation
Royal Dutch Shell PLC Class B
Total 7.91

Morningstar Rating™as of Oct 31, 2017

Time Period Rating Funds in
Foreign Large Blend
Category
Overall **** 593
3 Years **** 593
5 Years **** 531
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.

Portfolio Management

Paul Bouchey, CFA Managed Fund since 2014
Timothy W. Atwill, Ph.D., CFA Managed Fund since 2016
Thomas Seto Managed Fund since inception

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

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. Life of Fund
10/31/2017
Fund at NAV 1.46 3.73 23.25 22.96 7.68 8.82 6.99
MSCI EAFE Index1 1.52 4.01 21.78 23.44 6.08 8.52 6.11
Morningstar Foreign Large Blend Category6 1.62 3.95 22.28 22.45 5.87 7.95
09/30/2017
Fund at NAV 1.86 5.15 21.47 17.21 7.01 8.65 6.86
MSCI EAFE Index1 2.49 5.40 19.96 19.10 5.03 8.37 5.97
Morningstar Foreign Large Blend Category6 2.05 5.34 20.33 18.01 5.07 7.74
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 (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV -9.97 17.21 18.41 -3.77 2.21 1.76
MSCI EAFE Index1 11.17 -43.38 31.78 7.75 -12.14 17.32 22.78 -4.90 -0.81 1.00

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)7as of Oct 31, 2017

Alpha (%) 2.28
Beta 0.86
R-Squared (%) 95.10
Standard Deviation (%) 10.81
Sharpe Ratio 0.68

Morningstar Rating™as of Oct 31, 2017

Time Period Rating Funds in
Foreign Large Blend
Category
Overall **** 593
3 Years **** 593
5 Years **** 531
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 $13.87 $0.09
Nov 20, 2017 $13.78 $0.01
Nov 17, 2017 $13.77 -$0.03
Nov 16, 2017 $13.80 $0.11
Nov 15, 2017 $13.69 -$0.08
Nov 14, 2017 $13.77 $0.02
Nov 13, 2017 $13.75 -$0.06
Nov 10, 2017 $13.81 -$0.06
Nov 09, 2017 $13.87 -$0.07
Nov 08, 2017 $13.94 $0.05

Distribution History8

Ex-Date Distribution Reinvest NAV
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: 

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 (%)5as of Oct 31, 2017

Foreign Common Stocks 99.55
Cash & Other Assets 0.45
Total 100.00

Portfolio Statisticsas of Oct 31, 2017

Median Market Cap $4.2B
Price/Earnings Ratio 16.07
Number of Holdings 1,040
Price/Book Ratio 1.97
Countries Represented 21

GICS Sector Breakdown (%)5as of Oct 31, 2017

Sector Fund MSCI EAFE Index1
Consumer Discretionary 10.25 12.23
Consumer Staples 10.15 11.19
Energy 5.70 5.21
Financials 10.94 21.22
Health Care 9.19 10.18
Industrials 10.64 14.64
Information Technology 9.54 6.47
Materials 9.45 7.98
Real Estate 8.16 3.52
Telecom Services 8.24 4.03
Utilities 7.28 3.34
Cash 0.45 0.00

Assets by Country (%)5as of Oct 31, 2017

Japan 15.86
United Kingdom 15.73
Switzerland 8.01
France 7.90
Germany 7.85
Australia 7.81
Italy 4.13
Spain 4.08
Hong Kong 3.97
Netherlands 3.93
View All

Geographic Mix (%)5as of Oct 31, 2017

Europe except U.K. 51.72
Japan 15.86
United Kingdom 15.73
Asia/Pacific 14.73
Middle East 1.96

Fund Holdings (%)5,9as of Sep 30, 2017

Holding % of Net Assets
Nestle SA 1.00%
Vodafone Group PLC 0.90%
TOTAL SA 0.75%
Air Liquide SA 0.73%
National Grid PLC 0.71%
Royal Dutch Shell PLC 0.71%
Cie Financiere Richemont SA 0.70%
BP PLC 0.69%
Deutsche Telekom AG 0.67%
EV Cash Reserves Fund LLC 0.65%
View All

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

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.

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.

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

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
Paul Bouchey, CFA

Paul Bouchey, CFA

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

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

Biography
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

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

Biography
Thomas Seto

Thomas Seto

Head of Investment Management
Parametric Seattle Investment Center
Joined Parametric Portfolio Associates 1998

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: Sep 30, 2017

Annual Report

Download - Last updated: Jan 31, 2017

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