Overview

Growth of $10,000

10-year period ended 12/31/2016

  • 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 2.72 5.07 2.72 10.04 4.58 8.04 3.20
Fund w/Max Sales Charge -3.17 -0.94 -3.17 3.73 2.53 6.78 2.59
Return After Taxes on Dist w/Max Sales Charge 2.77 1.61 5.85 1.67
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 2.84 1.91 5.30 2.06
MSCI World Index1 2.41 6.37 2.41 17.11 5.95 9.85 3.95
12/31/2016
Fund at NAV 2.04 0.41 1.88 1.88 2.65 8.23 3.02
Fund w/Max Sales Charge -3.80 -5.38 -4.00 -4.00 0.63 6.97 2.42
Return After Taxes on Dist w/Max Sales Charge -4.90 -0.28 6.03 1.50
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge -1.56 0.47 5.47 1.94
MSCI World Index1 2.39 1.86 7.51 7.51 3.80 10.40 3.82
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 historical individual federal income tax rates, 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 Factsas of Jan 31, 2017

Class A Inception 05/30/2003
Investment Objective After-tax total return
Total Net Assets $744.3M
Minimum Investment $1000
Expense Ratio2 1.18%
CUSIP 277923108

Top 10 Holdings (%)3,4as of Dec 31, 2016

Alphabet Inc - CL C
Wells Fargo & Co
Union Pacific Corp
JPMorgan Chase & Co
Nippon Telegraph & Telephone Corp
Chubb Ltd
ASML Holding NV
Apple Inc
Johnson & Johnson
Anadarko Petroleum Corp
Total 21.14

Portfolio Management

Christopher M. Dyer, CFA Managed Fund since 2015
Michael A. Allison, CFA Managed Fund since 2013
John H. Croft, CFA Managed Fund since 2010

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. 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 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 and other hybrid securities 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 in the future by tax legislation or regulation. 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 2.72 5.07 2.72 10.04 4.58 8.04 3.20
Fund w/Max Sales Charge -3.17 -0.94 -3.17 3.73 2.53 6.78 2.59
Return After Taxes on Dist w/Max Sales Charge 2.77 1.61 5.85 1.67
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 2.84 1.91 5.30 2.06
MSCI World Index1 2.41 6.37 2.41 17.11 5.95 9.85 3.95
Morningstar™ World Stock Category5 3.00 5.11 3.00 15.39 4.33 8.66 3.80
12/31/2016
Fund at NAV 2.04 0.41 1.88 1.88 2.65 8.23 3.02
Fund w/Max Sales Charge -3.80 -5.38 -4.00 -4.00 0.63 6.97 2.42
Return After Taxes on Dist w/Max Sales Charge -4.90 -0.28 6.03 1.50
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge -1.56 0.47 5.47 1.94
MSCI World Index1 2.39 1.86 7.51 7.51 3.80 10.40 3.82
Morningstar™ World Stock Category5 1.51 -0.37 5.54 5.54 2.10 9.24 3.66
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 historical individual federal income tax rates, 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 (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV 5.63 -33.43 20.73 8.10 -1.18 13.82 20.68 3.10 2.97 1.88
MSCI World Index1 9.04 -40.71 29.99 11.76 -5.54 15.83 26.68 4.94 -0.87 7.51

Fund Facts

Expense Ratio2 1.18%
Class A Inception 05/30/2003
Distribution Frequency Monthly

Yield Information6as of Jan 31, 2017

Distribution Rate at NAV 3.82%
SEC 30-day Yield 0.98%

Risk Measures (3 Year)7as of Jan 31, 2017

Alpha (%) -0.56
Beta 0.87
R-Squared (%) 94.79
Standard Deviation (%) 9.66
Sharpe Ratio 0.46

Morningstar™ Ratingsas of Jan 31, 2017

Time Period Rating Funds in
World Stock
Category
Overall **** 849
3 Years *** 849
5 Years *** 675
10 Years **** 374
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 22, 2017 $11.56 -$0.06
Feb 21, 2017 $11.62 $0.04
Feb 17, 2017 $11.58 $0.00
Feb 16, 2017 $11.58 $0.00
Feb 15, 2017 $11.58 $0.04
Feb 14, 2017 $11.54 $0.02
Feb 13, 2017 $11.52
Feb 10, 2017 $11.48 $0.04
Feb 09, 2017 $11.44 $0.05
Feb 08, 2017 $11.39 $0.03

Distribution History8

Ex-Date Distribution Reinvest NAV
Feb 22, 2017 $0.03600 $11.56
Dec 30, 2016 $0.03600 $11.02
Dec 15, 2016 $0.03600 $11.05
Nov 21, 2016 $0.03600 $10.89
Oct 19, 2016 $0.03600 $11.01
Sep 20, 2016 $0.03600 $11.04
Aug 19, 2016 $0.03600 $11.27
Jul 19, 2016 $0.03600 $11.11
Jun 21, 2016 $0.03600 $10.92
May 19, 2016 $0.03600 $10.85
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 History8

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 

Fund performance 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 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 and other hybrid securities 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 in the future by tax legislation or regulation. 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 (%)4,9,10as of Dec 31, 2016

U.S. Common Stocks 56.91
Foreign Common Stocks 34.80
Preferred Stock 3.05
Foreign Corporate Bonds 2.07
U.S. Corporate Bonds 1.99
Cash 1.17
Total 100.00

Portfolio Statisticsas of Dec 31, 2016

Average Market Cap $112.6B
Price/Earnings Ratio 18.29
Number of Holdings 143
Price/Book Ratio 2.60
Last Capital Gain Date Never

GICS Sector Breakdown (%)4,9as of Dec 31, 2016

Sector Fund MSCI World Index1
Consumer Discretionary 12.44 12.32
Consumer Staples 7.60 9.75
Energy 7.27 7.29
Financials 20.18 18.01
Health Care 13.23 12.05
Industrials 12.93 11.20
Information Technology 13.17 14.62
Materials 3.13 5.02
Real Estate 2.15 3.20
Telecom Services 3.56 3.36
Utilities 3.16 3.19
Cash 1.17 0.00

Assets by Country (%)4as of Dec 31, 2016

United States 61.95
United Kingdom 8.20
Japan 6.58
Germany 3.67
Netherlands 3.55
Switzerland 2.60
France 2.36
Denmark 2.02
Hong Kong 1.51
Cash & Other Assets 1.17
Total 100.00
View All

Geographic Mix (%)4as of Dec 31, 2016

North America 63.06
Europe 25.94
Asia/Pacific 9.30
Latin America/Caribbean 0.53
Cash & Other Assets 1.17
Total 100.00

Fund Holdings (%)4,11as of Dec 31, 2016

Holding % of Net Assets
Alphabet Inc - CL C 3.41%
Wells Fargo & Co 2.73%
Union Pacific Corp 2.24%
JPMorgan Chase & Co 2.16%
Nippon Telegraph & Telephone Corp 1.84%
Chubb Ltd 1.80%
ASML Holding NV 1.76%
Apple Inc 1.75%
Johnson & Johnson 1.75%
Anadarko Petroleum Corp 1.71%
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. 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 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 and other hybrid securities 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 in the future by tax legislation or regulation. 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

A Word On The Markets as of Dec 31, 2016

Global stock markets delivered a mixed performance in the fourth quarter of 2016. While U.S stocks rose sharply following the U.S. presidential election to finish the period with solid gains, major international markets recorded more subdued or negative returns.

Stocks opened the period on the downside amid retreating oil prices, uncertainty about the U.S. presidential election and fears of a possible interest-rate increase by the U.S. Federal Reserve (the Fed). Donald Trump's victory in the U.S. presidential election marked a turning point for U.S. stocks, which soared following the November 8 election. The rally continued into December before stalling in the final weeks of the period.

The broad-based "Trump Bump" particularly favored financial stocks, which received another boost in mid-December when the Fed raised its benchmark interest rate. The Fed move came in response to continued improvement in the nation's economy, which helped boost stocks in the three-month period. Positive reports during the period included higher consumer spending, declining unemployment and stronger U.S. exports.

While U.S. stocks surged following the presidential election, global markets lagged amid uncertainty about U.S. trade policy under President-elect Trump. China's sluggish economy and geopolitical issues in Europe, especially Britain's planned exit from the European Union, also weighed on global stocks during the period.

For the three-month period, the Dow Jones Industrial Average12 recorded an 8.66% gain, while the broader S&P 500 Index,13 rose 3.82%. The technology-laden Nasdaq Index14 added 1.34%. Globally, the MSCI EAFE Index15 fell 0.71% in the quarter. Small-cap stocks outperformed their large-cap counterparts during the quarter. In terms of investing style, value stocks topped growth stocks in both the large-cap and small-cap categories.

Performance Summary 

Eaton Vance Tax-Managed Global Dividend Income Fund (the Fund) underperformed its benchmark, the MSCI World Index (the Index),1 for the quarter ended December 31, returning 0.41% for Class A shares at net asset value versus the Index's 1.86% return.

  • During the 4th quarter, global stock markets around the world were mixed. The U.S. markets experienced a nice acceleration that was primarily a function of better-than-expected Q3 earnings announcements and the election of Donald Trump. International markets finished in negative territory for the quarter as a strong U.S. dollar dampened international returns and fears of a Trump impact on foreign trade hurt emerging markets.
  • From a sector standpoint, five out of the 11 Index sectors posted positive performance during the quarter. The best performing sectors for the fourth quarter were financials, energy and materials. Real estate, consumer staples, and health care were the worst performing sectors.
  • Preferred securities, as measured by the BofA Merrill Lynch Fixed Rate Preferred Securities Index16, underperformed the Fund's Index for the quarter, down -3.81%. As of December 31. Preferred securities comprised 7.2% of the Fund's total net assets.

Historical Returns (%)as of Dec 31, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
Fund at NAV 2.04 0.41 1.88 1.88 2.65 8.23 3.02
Fund w/Max Sales Charge -3.80 -5.38 -4.00 -4.00 0.63 6.97 2.42
Return After Taxes on Dist w/Max Sales Charge -4.90 -0.28 6.03 1.50
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge -1.56 0.47 5.47 1.94
MSCI World Index1 2.39 1.86 7.51 7.51 3.80 10.40 3.82
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 historical individual federal income tax rates, 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 Factsas of Dec 31, 2016

Class A Inception 05/30/2003
Expense Ratio2 1.18%

Contributors 

Factors contributing to the Fund's relative performance compared to the Index during the quarter:

  • The Fund's underweight to consumer staples was the largest contributor to relative performance during the quarter, as the defensive sector underperformed during the last three months of the year. An overweight to Reynolds American, a leading tobacco manufacturer was the largest contributor within the sector. The company saw its shares rise following a merger offer. The real estate sector was a also a positive contributor, as the Fund benefitted from both a sector underweight relative to the Index as well as good stock selection during the quarter.
  • Two additional individual contributors during the quarter were money center banks Wells Fargo and JP Morgan Chase. The Fund's overweight positions in these companies aided relative performance as traditional bank stocks surged during the quarter on the prospects for reduced regulatory pressure, stronger economic growth and a more favorable interest rate environment.
  • Elsewhere, the Fund benefitted from positive stock selection within energy and industrials.

Detractors 

Factors detracting from the Fund's relative performance compared to the Index during the quarter:

  • Stock selection was the primary reason for the Fund's underperformance for the quarter, with negative stock selection occurring within seven of the 11 GICS sectors. Stock selection within health care was the largest detractor to performance, as the Fund's overweights to global pharmaceutical companies Shire PLC and Teva Pharmaceuticals dampened relative performance, as did the Fund's overweight to medical device company Medtronic.
  • Stock selection within consumer discretionary was negative during the period, led by an overweight to Newell Brands, a leading marketer of consumer and commercial products. Stock selection within information technology and telecommunication services was also challenging during the quarter.
  • Elsewhere, the Fund's underweight to financials had a negative impact, as financials rallied meaningfully during the final quarter off the year, outperforming the broad index. The Fund's overall allocation to preferred securities was also negative for the quarter, as fund holdings as well as the broad preferred securities index underperformed common equities during that time.

Investment Outlook And Fund Positioning 

U.S. stocks' strong postelection gains leveled off in the final weeks of the period, giving investors pause as to what the new year would bring. Positive signs for stocks include the strengthening U.S. economy, particularly job market gains, rising retail sales and a stronger housing market. Conversely, stocks' sharp gains since the election may temper expectations for the coming months. In addition, the rising U.S. dollar will also be on investors' radar, particularly the potential negative impact on U.S. exports.

Globally, investors will closely monitor how key policy issues, including trade and immigration, develop under the new U.S. administration. Attention will also focus on China's ongoing attempts to boost economic growth, as well as the uncertainties stemming from Britain's pending exit from the European Union.

Top 10 Holdings (%)3,4as of Dec 31, 2016

Alphabet Inc - CL C 3.41
Wells Fargo & Co 2.73
Union Pacific Corp 2.24
JPMorgan Chase & Co 2.16
Nippon Telegraph & Telephone Corp 1.84
Chubb Ltd 1.80
ASML Holding NV 1.76
Apple Inc 1.75
Johnson & Johnson 1.75
Anadarko Petroleum Corp 1.71
Total 21.14

The views expressed in this report are those of portfolio manager(s) and are current only through the date stated at the top of this page. These views are subject to change at any time based upon market or other conditions, and Eaton Vance disclaims any responsibility to update such views. These views may not be relied upon as investment advice and, because investment decisions are based on many factors, may not be relied upon as an indication of trading intent on behalf of any Eaton Vance fund. This commentary may contain statements that are not historical facts, referred to as "forward looking statements". The Fund's actual future results may differ significantly from those stated in any forward-looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of Fund shares, the continuation of investment advisory, administrative and service contracts, and other risks discussed from time to time in the Fund's filings with the Securities and Exchange Commission.

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. 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 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 and other hybrid securities 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 in the future by tax legislation or regulation. 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. 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 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 and other hybrid securities 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 in the future by tax legislation or regulation. 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
Christopher M. Dyer, CFA

Christopher M. Dyer, CFA

Vice President, Director of Global Equity, Eaton Vance Management (International) Limited
Joined Eaton Vance 2015

Christopher Dyer is a vice president of Eaton Vance Management (International) Limited and director of global equity. He is responsible for building and leading a global equity investment team, and managing global and international equity portfolios. He joined Eaton Vance in 2015.

Chris began his career in the financial services industry in 2001. 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

Biography
Michael A. Allison, CFA

Michael A. Allison, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2000

Michael Allison is a vice president of Eaton Vance Management, a director of equity strategy implementation and a structured equity portfolio manager on a number of Eaton Vance’s global and domestic equity income and tax-managed equity portfolios. On those funds, he is responsible for portfolio construction, tax oversight and risk management. He is a member of the firm’s Equity Strategy Committee. He joined Eaton Vance in 2000.

Mike began his career in the investment management industry in 1988. Before joining Eaton Vance, Mike was an equity analyst for Schroder Investment Management North America Inc. He was also affiliated with Fleet Investment Advisors and Phoenix Home Life Mutual Fund Insurance Co.

Mike earned a B.S.B.A. from the University of Denver. He is a member of the Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.S.B.A., The University of Denver

Experience
  • Managed Fund since 2013

Biography
John H. Croft, CFA

John H. Croft, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2004

John Croft is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s diversified fixed-income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s diversified fixed-income strategies. He also leads the liability-driven investment (LDI) solutions effort. 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


Literature

Literature

Fact Sheet

Download - Last updated: Dec 31, 2016

Commentary

Download - Last updated: Dec 31, 2016

Annual Report

Download - Last updated: Oct 31, 2016

Full Prospectus

Download - Last updated: Mar 1, 2016

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

Download

Eaton Vance Announces Upcoming Retirement of Walter A. Row III

Download - Last updated: Jun 30, 2015

Eaton Vance Announces Upcoming Retirement of Judith A. Saryan, CFA, and Changes to Eaton Vance Dividend Fund Portfolio Teams

Download - Last updated: Nov 21, 2013

SAI

Download - Last updated: Mar 1, 2016

Semi-Annual Report

Download - Last updated: Apr 30, 2016

Summary Prospectus

Download - Last updated: Mar 1, 2016

XBRL

Download - Last updated: Mar 22, 2016