Overview

Historical Returns (%) as of Jun 30, 2021

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. After-tax returns are calculated using certain assumptions, including using the highest individual federal income tax rates in effect at the time of the distributions and do not reflect the impact of state/local taxes. Actual after-tax returns depend on a shareholder's tax situation and the actual characterization of distributions and may differ from those shown. After-tax returns are not relevant to shareholders who hold shares in tax-deferred accounts or shares held by nontaxable entities. Return After Taxes on Distributions may be the same as Return Before Taxes for the same period because no taxable distributions were made during that period. Return After Taxes on Distributions and Sale of Fund Shares may be greater than or equal to Return After Taxes on Distributions for the same period because of losses realized on the sale of Fund shares. Before-tax and after-tax returns for other classes of shares offered by the Fund are different. Max Sales Charge: 5.75%.
 

Fund Facts as of Jun 30, 2021

Class A Inception 05/30/2003
Investment Objective After-tax total return
Total Net Assets $689.9M
Minimum Investment $1000
Expense Ratio2 1.20%
CUSIP 277923108

Top 10 Holdings (%)3,4 as of Jun 30, 2021

Alphabet Inc - CL C 4.30
Microsoft Corp 3.77
Amazon.com Inc 3.21
Apple Inc 2.15
ASML Holding NV 1.86
Facebook Inc 1.75
Berkshire Hathaway Inc 1.63
adidas AG 1.63
Bank of New York Mellon Corp 1.54
LVMH Moet Hennessy Louis Vuitton SE 1.50
Total 23.33
 

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

About Risk: 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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. Dividend capture strategies may result in higher portfolio turnover, increased trading costs and potential for capital loss or gains. When interest rates rise, the value of preferred stocks will generally decline. Market conditions may limit the ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund's ability to utilize various tax-managed techniques may be curtailed or eliminated by tax legislation regulation or interpretation. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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 Jun 30, 2021

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. After-tax returns are calculated using certain assumptions, including using the highest individual federal income tax rates in effect at the time of the distributions and do not reflect the impact of state/local taxes. Actual after-tax returns depend on a shareholder's tax situation and the actual characterization of distributions and may differ from those shown. After-tax returns are not relevant to shareholders who hold shares in tax-deferred accounts or shares held by nontaxable entities. Return After Taxes on Distributions may be the same as Return Before Taxes for the same period because no taxable distributions were made during that period. Return After Taxes on Distributions and Sale of Fund Shares may be greater than or equal to Return After Taxes on Distributions for the same period because of losses realized on the sale of Fund shares. Before-tax and after-tax returns for other classes of shares offered by the Fund are different. Max Sales Charge: 5.75%.
 

Calendar Year Returns (%)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Fund at NAV -1.18 13.82 20.68 3.10 2.97 1.88 20.02 -11.44 28.50 14.34
MSCI World Index1 -5.54 15.83 26.68 4.94 -0.87 7.51 22.40 -8.71 27.67 15.90
 

Fund Facts

Expense Ratio2 1.20%
Class A Inception 05/30/2003
Distribution Frequency Monthly

Yield Information as of Jun 30, 2021

Distribution Rate at NAV 2.57%
SEC 30-day Yield5 0.37%
 

Risk Measures (3 Year)6 as of Jun 30, 2021

Alpha (%) -0.78
Beta 1.03
R-Squared (%) 98.20
Standard Deviation (%) 18.90
Sharpe Ratio 0.69
 

Morningstar Rating™ as of Jun 30, 2021

Time Period Rating Funds in
World Large-Stock Blend
Category
Overall 282
3 Years 282
5 Years 239
10 Years 144
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. Hollow stars denote Morningstar Extended Performance Ratings and are considered estimates based on the performance of the fund's oldest share class, adjusted for fees and expenses.

©2021 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
Jul 28, 2021 $17.14 $0.04
Jul 27, 2021 $17.10 -$0.06
Jul 26, 2021 $17.16 $0.04
Jul 23, 2021 $17.12 $0.17
Jul 22, 2021 $16.95 $0.01
Jul 21, 2021 $16.94 $0.20
Jul 20, 2021 $16.74 $0.15
Jul 19, 2021 $16.59 -$0.30
Jul 16, 2021 $16.89 -$0.12
Jul 15, 2021 $17.01 -$0.12
 

Distribution History7

Ex-Date Distribution Reinvest NAV
Jul 20, 2021 $0.03600 $16.74
Jun 21, 2021 $0.03600 $16.78
May 19, 2021 $0.03600 $16.47
Apr 20, 2021 $0.03600 $16.22
Mar 19, 2021 $0.03600 $15.58
Feb 19, 2021 $0.03600 $15.65
Dec 31, 2020 $0.03600 $14.98
Dec 21, 2020 $0.03600 $14.69
Nov 19, 2020 $0.03600 $14.25
Oct 20, 2020 $0.03600 $13.45
View All
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 investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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. Dividend capture strategies may result in higher portfolio turnover, increased trading costs and potential for capital loss or gains. When interest rates rise, the value of preferred stocks will generally decline. Market conditions may limit the ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund's ability to utilize various tax-managed techniques may be curtailed or eliminated by tax legislation regulation or interpretation. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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 (%)4,8,9 as of Jun 30, 2021

Portfolio Statistics as of Jun 30, 2021

Average Market Cap $381.9B
Price/Earnings Ratio 20.35
Number of Holdings 120
Price/Book Ratio 2.96
Last Capital Gain Date Never
Active Share10 76.65%
 

GICS Sector Breakdown (%)4,8 as of Jun 30, 2021

Assets by Country (%)4 as of Jun 30, 2021

United States 53.24
United Kingdom 7.46
France 6.58
Japan 6.00
Switzerland 5.59
Netherlands 3.51
Spain 3.20
Sweden 3.12
Germany 2.77
Australia 2.10
Total 100.00
View All
 

Geographic Mix (%)4 as of Jun 30, 2021

North America 53.25
Europe 36.06
Asia/Pacific 10.57
Latin America/Caribbean 0.00
Cash & Other Assets 0.12
Total 100.00
 

Fund Holdings (%)4,11 as of May 31, 2021

Holding % of Net Assets
Alphabet Inc - CL C 4.08%
Microsoft Corp 3.43%
S&P500 EMINI FUT Jun21 3.31%
Amazon.com Inc 2.97%
Apple Inc 1.93%
ASML Holding NV 1.80%
Berkshire Hathaway Inc 1.68%
Facebook Inc 1.63%
adidas AG 1.57%
Bank of New York Mellon Corp 1.55%
View All

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

About Risk: 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. Changes in the dividend policies of companies could make it difficult to provide a predictable level of income. 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. Dividend capture strategies may result in higher portfolio turnover, increased trading costs and potential for capital loss or gains. When interest rates rise, the value of preferred stocks will generally decline. Market conditions may limit the ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund's ability to utilize various tax-managed techniques may be curtailed or eliminated by tax legislation regulation or interpretation. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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 M. Dyer, CFA

Christopher M. Dyer, CFA

Vice President, Director of Global Equity, Eaton Vance Advisers International Ltd.
Joined Eaton Vance 2015

Biography

Chris Dyer is a vice president of Eaton Vance Advisers International Ltd. and director of global equity. He is responsible for leading the global large-cap equity team, and is a portfolio manager for global and international equity portfolios. He joined Eaton Vance in 2015.

Chris began his career in the financial services industry in 1995. Before joining Eaton Vance, he was managing director and head of European equity for Goldman Sachs Asset Management (GSAM), where he was affiliated since 2001.

Chris earned a B.S., cum laude, from Georgetown University and an MBA from The Wharton School, University of Pennsylvania. He is a CFA charterholder.

Education
  • B.S. Georgetown University
  • M.B.A. The Wharton School, University of Pennsylvania

Experience
  • Managed Fund since 2015

 
John H. Croft, CFA

John H. Croft, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2004

Biography

John Croft is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s investment grade fixed-income (IGFI) portfolio management and trading team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm's IGFI strategies. He joined Eaton Vance in 2004.

John began his career in the investment management industry in 1986. Before joining Eaton Vance, he was a credit analyst with Fidelity Management & Research Co.

John earned a B.A. from Colgate University and an MBA from the University of Chicago Graduate School of Business. He is a CFA charterholder.

Education
  • B.A. Colgate University
  • M.B.A. Booth School of Business, University of Chicago

Experience
  • Managed Fund since 2010

 

Derek J.V. DiGregorio

Vice President, Eaton Vance Trust Company
Joined Eaton Vance 2006

Biography

Derek J.V. DiGregorio is a vice president of Eaton Vance Management and Equity Strategy Implementation Manager on Eaton Vance's structured equity team. He is responsible for strategy implementation as it pertains to tax and income management for Eaton Vance's global and domestic tax-managed and dividend income equity portfolios. He began his career in the investment management industry with Eaton Vance in 2006.

Derek earned a B.S. from Bates College and an MBA from Boston University Questrom School of Business.

Education
  • MBA, Boston University Questrom School of Business

Experience
  • Managed Fund since 2021

Other funds managed
 

Literature

Literature

Fact Sheet

Download - Last updated: Mar 31, 2021

Annual Report

Download - Last updated: Oct 31, 2020

Full Prospectus

Download - Last updated: Mar 1, 2021

Q1 Holdings

Download - Last updated: Jan 31, 2021

Q3 Holdings

Download - Last updated: Jul 31, 2020

Holdings - Form N-PORT

Download

Eaton Vance Announces Upcoming Retirement of Michael A. Allison

Download - Last updated: May 13, 2021

SAI

Download - Last updated: Mar 1, 2021

Semi-Annual Report

Download - Last updated: Apr 30, 2021

Summary Prospectus

Download - Last updated: Mar 1, 2021