Overview

Fund Facts as of Jul 31, 2018

Institutional Class Inception 08/01/2018
Investment Objective Total return
Total Net Assets
Minimum Investment $50000
Expense Ratio (Gross)1 1.16%
Expense Ratio (Net)1,2 0.99%
CUSIP 27830N850
 

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

About Risk: 

Investing in or having exposure to momentum, value and carry risk premia strategies involves the risk that there may be periods during which the investment performance of the Fund while using the risk premia strategies may suffer. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. 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. The use of leverage may cause the Fund to liquidate portfolio positions when it may not be advantageous to do so to satisfy its obligations or to meet segregation requirements. Leverage may cause the Fund to be more volatile than if it had not been leveraged, as certain types of leverage may exaggerate the effect of any increase or decrease in the value of the Fund’s portfolio securities. The value of commodities investments will generally be affected by overall market movements and factors specific to a particular industry or commodity, including weather, embargoes, tariffs, or health, political, international and regulatory developments. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. 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

Fund Facts

Expense Ratio (Gross)1 1.16%
Expense Ratio (Net)1,2 0.99%
Institutional Class Inception 08/01/2018
Distribution Frequency Annually
 

NAV History

Date NAV NAV Change
Aug 16, 2018 $9.65 $0.06
Aug 15, 2018 $9.59 -$0.17
Aug 14, 2018 $9.76 -$0.01
Aug 13, 2018 $9.77 -$0.03
Aug 10, 2018 $9.80 -$0.04
Aug 09, 2018 $9.84 -$0.02
Aug 08, 2018 $9.86 -$0.09
Aug 07, 2018 $9.95 $0.11
Aug 06, 2018 $9.84 $0.03
Aug 03, 2018 $9.81 -$0.03
 

Distribution History3

Ex-Date Distribution Reinvest NAV
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 History3

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: 

Investing in or having exposure to momentum, value and carry risk premia strategies involves the risk that there may be periods during which the investment performance of the Fund while using the risk premia strategies may suffer. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. 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. The use of leverage may cause the Fund to liquidate portfolio positions when it may not be advantageous to do so to satisfy its obligations or to meet segregation requirements. Leverage may cause the Fund to be more volatile than if it had not been leveraged, as certain types of leverage may exaggerate the effect of any increase or decrease in the value of the Fund’s portfolio securities. The value of commodities investments will generally be affected by overall market movements and factors specific to a particular industry or commodity, including weather, embargoes, tariffs, or health, political, international and regulatory developments. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. 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

No portfolio information is currently available.

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

About Risk: 

Investing in or having exposure to momentum, value and carry risk premia strategies involves the risk that there may be periods during which the investment performance of the Fund while using the risk premia strategies may suffer. The Fund's exposure to derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other investments. Derivatives instruments can be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. 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. The use of leverage may cause the Fund to liquidate portfolio positions when it may not be advantageous to do so to satisfy its obligations or to meet segregation requirements. Leverage may cause the Fund to be more volatile than if it had not been leveraged, as certain types of leverage may exaggerate the effect of any increase or decrease in the value of the Fund’s portfolio securities. The value of commodities investments will generally be affected by overall market movements and factors specific to a particular industry or commodity, including weather, embargoes, tariffs, or health, political, international and regulatory developments. The Fund will incur a loss as a result of a short sale if the price of the security sold short increases in value between the date of the short sale and the date on which the Fund purchases the security to replace the borrowed security. 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

Christopher Haskamp, CFA

Christopher Haskamp, CFA

Senior Portfolio Manager
Parametric Minneapolis Investment Center
Joined Parametric 2006

Biography

Christopher Haskamp is a senior portfolio manager for Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. He is responsible for portfolio management, managing portfolios for the liability-driven investing and enhanced index programs, and for leading research projects in the area of risk management. He joined Parametric in 2006.

Chris began his career in the investment management industry in 2006 with The Clifton Group (acquired by Parametric in 2012). Before joining Parametric, he was a scientist at Beckman Coulter Inc.

Chris earned a B.S. in biochemistry from the University of Minnesota, an M.S. in chemistry from the University of California, San Diego and an MBA in finance from the University of Minnesota, Carlson School of Management. He is a CFA charterholder and member of the CFA Society of Minnesota.

Education
  • B.S. University of Minnesota
  • M.S. University of California, San Diego
  • MBA University of Minnesota

Experience
  • Managed Fund since inception

 
Thomas B. Lee, CFA

Thomas B. Lee, CFA

Managing Director Investment Strategy and Research
Parametric Minneapolis Investment Center
Joined Parametric 1994

Biography

Thomas Lee is a managing director for investment strategy and research for Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. He leads an investment team responsible for managing the firm's investment strategies, and providing customized risk management strategies for institutional investors at Parametric's Minneapolis Investment Center.

Prior to joining The Clifton Group (acquired by Parametric in 2012) in 1994, Thomas worked as a research analyst at the Board of Governors of the Federal Reserve.

Thomas earned a B.S. in economics and an MBA in finance from University of Minnesota. He is a CFA charterholder.

Education
  • B.S. and MBA University of Minnesota

Experience
  • Managed Fund since inception

 

Literature

Literature

Full Prospectus

Download - Last updated: Aug 1, 2018

SAI

Download - Last updated: Aug 1, 2018

Summary Prospectus

Download - Last updated: Aug 1, 2018

XBRL

Download - Last updated: Aug 6, 2018