Overview

Discipline and a consistent approach has paid off.

Stock Fund has consistently outperformed its benchmark over the long term since inception.

  • Class A at NAV

Historical Returns (%)as of Dec 31, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
01/31/2017
Fund at NAV 1.21 5.43 1.21 13.08 8.93 13.09 7.00
Fund w/Max Sales Charge -4.61 -0.61 -4.61 6.61 6.79 11.76 6.37
S&P 500 Index1 1.90 7.76 1.90 20.04 10.84 14.07 6.98
12/31/2016
Fund at NAV 1.93 2.12 6.80 6.80 7.71 13.91 7.08
Fund w/Max Sales Charge -3.91 -3.74 0.68 0.68 5.60 12.57 6.45
S&P 500 Index1 1.98 3.82 11.96 11.96 8.86 14.64 6.94
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: 5.75%.

Fund Factsas of Jan 31, 2017

Class A Inception 11/01/2001
Investment Objective Long-term capital appreciation
Total Net Assets $98.5M
Total Net Assets of Portfolio2 $643.6M
Minimum Investment $1000
Expense Ratio (Gross)3 1.14%
Expense Ratio (Net)3,4 0.98%
CUSIP 277911285

Top 10 Holdings (%)5,6as of Jan 31, 2017

Apple Inc
JPMorgan Chase & Co
Wells Fargo & Co
Johnson & Johnson
Alphabet Inc - CL C
Pfizer Inc
United Technologies Corp
Verizon Communications Inc
Chubb Ltd
Facebook Inc
Total 29.69

Portfolio Management

Charles Gaffney Managed Fund since 2007

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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 Dec 31, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
01/31/2017
Fund at NAV 1.21 5.43 1.21 13.08 8.93 13.09 7.00
Fund w/Max Sales Charge -4.61 -0.61 -4.61 6.61 6.79 11.76 6.37
S&P 500 Index1 1.90 7.76 1.90 20.04 10.84 14.07 6.98
Morningstar™ Large Blend Category7 1.81 7.80 1.81 18.81 8.74 12.52 6.09
12/31/2016
Fund at NAV 1.93 2.12 6.80 6.80 7.71 13.91 7.08
Fund w/Max Sales Charge -3.91 -3.74 0.68 0.68 5.60 12.57 6.45
S&P 500 Index1 1.98 3.82 11.96 11.96 8.86 14.64 6.94
Morningstar™ Large Blend Category7 1.70 3.86 10.37 10.37 6.80 13.18 6.07
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: 5.75%.

Calendar Year Returns (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV 13.36 -32.15 24.57 10.11 -2.06 15.59 32.83 11.99 4.51 6.80
S&P 500 Index1 5.49 -37.00 26.46 15.06 2.11 16.00 32.39 13.69 1.38 11.96

Fund Facts

Expense Ratio (Gross)3 1.14%
Expense Ratio (Net)3,4 0.98%
Class A Inception 11/01/2001
Distribution Frequency Annually

Risk Measures (3 Year)8as of Jan 31, 2017

Alpha (%) -1.17
Beta 0.94
R-Squared (%) 95.20
Standard Deviation (%) 10.12
Sharpe Ratio 0.87

Morningstar™ Ratingsas of Jan 31, 2017

Time Period Rating Funds in
Large Blend
Category
Overall **** 1256
3 Years *** 1256
5 Years *** 1108
10 Years **** 822
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
Feb 17, 2017 $16.38 $0.03
Feb 16, 2017 $16.35 $0.00
Feb 15, 2017 $16.35 $0.07
Feb 14, 2017 $16.28 $0.06
Feb 13, 2017 $16.22
Feb 10, 2017 $16.17 $0.06
Feb 09, 2017 $16.11 $0.09
Feb 08, 2017 $16.02 $0.02
Feb 07, 2017 $16.00 -$0.01
Feb 06, 2017 $16.01 -$0.07
View All

Distribution History9

Ex-Date Distribution Reinvest NAV
Dec 13, 2016 $0.13710 $15.95
Jun 15, 2016 $0.00320 $15.26
Dec 15, 2015 $0.10080 $15.07
May 21, 2015 $0.00590 $16.39
Dec 16, 2014 $0.07280 $14.98
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 History9

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 13, 2016 $0.24280 $15.95
Jun 15, 2016 $0.01010 $0.05780 $15.26
Dec 15, 2015 $0.23260 $0.48980 $15.07
May 21, 2015 $0.10070 $0.30240 $16.39
Dec 16, 2014 $0.39480 $1.17390 $14.98
Sep 09, 2014 $0.10820 $0.23700 $17.05
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. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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 (%)6,10as of Jan 31, 2017

U.S. Common Stocks 95.32
Foreign Common Stocks 4.24
Cash 0.44
Total 100.00

Portfolio Statisticsas of Jan 31, 2017

Average Market Cap $142.9B
Price/Earnings Ratio 16.74
Number of Holdings 74
Price/Book Ratio 2.72

GICS Sector Breakdown (%)6as of Jan 31, 2017

Sector Fund S&P 500 Index1
Consumer Discretionary 11.94 12.31
Consumer Staples 9.16 9.34
Energy 7.24 7.21
Financials 14.60 14.56
Health Care 13.60 13.65
Industrials 10.13 10.23
Information Technology 21.51 21.27
Materials 3.10 2.92
Real Estate 2.77 2.83
Telecom Services 2.42 2.52
Utilities 3.09 3.15
Cash 0.44 0.00

Fund Holdings (%)6,11as of Dec 31, 2016

Holding % of Net Assets
Apple Inc 4.21%
JPMorgan Chase & Co 3.64%
Wells Fargo & Co 3.30%
Johnson & Johnson 3.11%
General Electric Co 3.04%
Alphabet Inc - CL C 3.00%
Pfizer Inc 2.76%
Verizon Communications Inc 2.64%
Chevron Corp 2.45%
United Technologies Corp 2.44%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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
Charles Gaffney

Charles Gaffney

Vice President, Eaton Vance Management
Joined Eaton Vance 2003

Charles Gaffney is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s global core team. He is responsible for buy and sell decisions, portfolio construction and risk management for a number of the firm’s global core equity strategies. He is a member of the firm’s Equity Strategy Committee. He joined Eaton Vance in 2003.

Charlie began his career in the investment management industry in 1996. Before joining Eaton Vance, he was affiliated with Brown Brothers Harriman as a sector portfolio manager and Morgan Stanley Dean Witter as a senior equity analyst.

Charlie earned a B.A. from Bowdoin College in 1995 and an MBA from Fordham University in 2002.

Education
  • B.A. Bowdoin College
  • M.B.A. Graduate School of Business, Fordham University

Experience
  • Managed Fund since 2007


Literature

Literature

Fact Sheet

Download - Last updated: Dec 31, 2016

Commentary

Download - Last updated: Dec 31, 2016

Attribution

Download - Last updated: Dec 31, 2016

Annual Report

Download - Last updated: Dec 31, 2015

Full Prospectus

Download - Last updated: May 1, 2016

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

Download

SAI

Download - Last updated: May 1, 2016

Performance Always Matters

Download - Last updated: Dec 31, 2016

Semi-Annual Report

Download - Last updated: Jun 30, 2016

Summary Prospectus

Download - Last updated: May 1, 2016

XBRL

Download - Last updated: May 12, 2016