Overview

Historical Returns (%) as of Jun 30, 2020

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 Facts as of Jul 31, 2020

Class I Inception 08/29/2012
Investment Objective Long-term capital appreciation
Total Net Assets $45.4M
Expense Ratio (Gross)3 1.33%
Expense Ratio (Net)3,4 0.90%
CUSIP 277902318

Top 10 Holdings (%)5,6 as of Jun 30, 2020

Nestle SA-Reg 3.88
Roche Holding Ag-Genusschei 3.38
Novartis Ag-Reg 2.37
Novo Nordisk A/S-B 2.29
Barrick Gold Corp 1.74
Newcrest Mining Limited 1.60
Glaxosmithkline 1.44
Astrazeneca Plc 1.43
Toyota Motor Corp 1.40
Sanofi-Aventis 1.26
Total 20.79
 

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. 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 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, 2020

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 (%)

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Fund at NAV 19.41 -5.78 -1.14 3.10 17.06 -11.24 16.25
MSCI EAFE Index2 7.75 -12.14 17.32 22.78 -4.90 -0.81 1.00 25.03 -13.79 22.01
 

Fund Facts

Expense Ratio (Gross)3 1.33%
Expense Ratio (Net)3,4 0.90%
Class I Inception 08/29/2012
Distribution Frequency Annually

Risk Measures (3 Year)8 as of Jul 31, 2020

Alpha (%) -3.42
Beta 0.96
R-Squared (%) 92.31
Standard Deviation (%) 15.11
Sharpe Ratio -0.31
 

Morningstar Rating™ as of Jul 31, 2020

Time Period Rating Funds in
Foreign Large Blend
Category
Overall 633
3 Years 633
5 Years 520
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.

©2020 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
Aug 11, 2020 $10.38 $0.00
Aug 10, 2020 $10.38 $0.01
Aug 07, 2020 $10.37 -$0.07
Aug 06, 2020 $10.44 -$0.01
Aug 05, 2020 $10.45 $0.02
Aug 04, 2020 $10.43 $0.08
Aug 03, 2020 $10.35 $0.13
Jul 31, 2020 $10.22 -$0.19
Jul 30, 2020 $10.41 -$0.12
Jul 29, 2020 $10.53 $0.06
 

Distribution History9

Ex-Date Distribution Reinvest NAV
Dec 17, 2019 $0.30980 $11.72
Dec 20, 2018 $0.03820 $10.36
Dec 21, 2017 $0.27390 $11.76
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 17, 2019 $0.01720 $0.01630 $11.72
Dec 20, 2018 $0.01220 $0.02810 $10.36
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. 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 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 (%)6 as of Jun 30, 2020

Portfolio Statistics as of Jun 30, 2020

Median Market Cap $20.6B
Price/Earnings Ratio 18.7
Number of Holdings 207
Price/Book Ratio 1.99
% of Portfolio in Developed Countries 89.2
% of Portfolio in Emerging Countries 1.7
Active Share10 57.74%
 

GICS Sector Breakdown (%)6 as of Jun 30, 2020

Geographic Mix vs. Benchmark (%)6 as of Jun 30, 2020

Fund Benchmark
Japan 20.55 25.40
Australia 6.22 6.73
Hong Kong 3.19 3.42
Singapore 1.13 1.11
Other - Asia 0.46 0.33
Total - Asia 31.55 36.99
United Kingdom 12.64 14.09
Switzerland 11.87 10.31
France 7.44 10.90
Germany 6.18 9.25
Denmark 3.67 2.34
Netherlands 3.30 4.32
Spain 3.03 2.41
Italy 2.14 2.29
Sweden 1.69 3.05
Belgium 0.86 0.93
Other - Europe and Middle East 1.14 3.14
Total - Europe and Middle East 53.96 63.03
Canada 3.10 0.00
United States 0.51 0.00
Total - North America 3.61 0.00
Other 1.66 0.00
Cash 9.21 0.00
 

Currency Exposure vs. Benchmark (%)6 as of Jun 30, 2020

Fund Benchmark
Japanese Yen 36.05 25.40
Euro 31.75 32.08
British Pound 9.55 14.09
Swiss Franc 9.17 10.31
Swedish Krone 2.88 3.05
Australian Dollar 2.54 6.73
Danish Krone 2.09 2.34
U.S. Dollar 1.42 0.00
Singapore Dollar 1.07 1.11
Israeli Shekel 0.63 0.63
View All

Assets by Country (%)6 as of Jun 30, 2020

Japan 20.55
United Kingdom 12.64
Switzerland 11.87
France 7.44
Australia 6.22
Germany 6.18
Denmark 3.67
Netherlands 3.30
Hong Kong 3.19
Cash 9.21
View All
 

Fund Holdings (%)6,11 as of Jun 30, 2020

Holding % of Net Assets
EV Cash Reserves Fund LLC 9.94%
Nestle SA 3.88%
Roche Holding AG 3.37%
Novartis AG 2.37%
Novo Nordisk A/S 2.30%
Canadian Dollar 1.78%
Barrick Gold Corp 1.74%
Newcrest Mining Ltd 1.63%
United States Dollar 1.50%
GlaxoSmithKline PLC 1.43%
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. 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 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

Vital Proulx, CFA

Vital Proulx, CFA

Chairman & Co-Chief Investment Officer
Hexavest
Co-founded Hexavest 2004

Biography

Vital Proulx is co-chief investment officer and chairman of the board of Hexavest Inc., an investment adviser and Montreal-based affiliate of Eaton Vance Corp. He cofounded Hexavest in 2004.

Vital began his career in the investment management industry in 1989. Prior to cofounding Hexavest, Vital was senior vice president, international equities, at Natcan Investment Management. He was previously affiliated with Les Conseillers financiers du St-Laurent, where he developed the international and U.S. equity strategies that Hexavest still manages to this day.

Vital holds a bachelor’s degree in business administration from the Université Laval. He is a CFA charterholder.

Education
  • B.B.A. Université Laval

Experience
  • Managed Fund since inception

Other funds managed
 

Jean-François Bérubé, Ph.D.

Vice President, Quantitative Analysis, Hexavest
Joined Hexavest 2009

Biography

Jean-François Bérubé is vice president, quantitative analysis & information technology of Hexavest Inc., an investment adviser and Montreal-based affiliate of Eaton Vance Corp. He is responsible for quantitative research and as part of the strategy team, he brings his quantitative expertise to the decision-making process. He joined Hexavest in 2009.

Jean-François began his career in the investment management industry in 2007. Before joining Hexavest, he was a quantitative analyst at Caisse de dépôt et placement du Québec. Previously, he was a research professional in the electronic commerce group at CIRANO and a research assistant in the public policy group at CIRANO.

Jean-François earned a Ph.D. and an M.Sc. in computer science, an M.Sc. in economics and a B.Sc. in economics from the Université de Montréal.

Education
  • B.Sc. Econ Université de Montréal
  • M.Sc. Econ Université de Montréal
  • M.Sc. CS Université de Montréal
  • Ph.D. CS Université de Montréal

Experience
  • Managed Fund since 2018

Other funds managed
 
Jean-Pierre Couture

Jean-Pierre Couture

Chief Economist & Portfolio Manager, Hexavest
Joined Hexavest 2010

Biography

Jean-Pierre Couture is chief economist and portfolio manager for Hexavest Inc., an investment adviser and Montreal-based affiliate of Eaton Vance Corp. As a member of the strategy team, he works in the elaboration of the firm's macro strategy in addition to co-managing the firm's emerging markets equity portfolios. He joined Hexavest in 2010.

Jean-Pierre began his career in the investment management industry in 1995. Before joining Hexavest, he held roles at Caisse de dépôt et placement du Québec, including director of macroeconomic research and senior analyst, global macro. He was previously an economist at the National Bank of Canada.

Jean-Pierre holds a bachelor's degree and a master's degree in economics from the Université du Québec à Montréal.

Education
  • B.Econ. Université du Québec à Montréal
  • M.Econ. Université du Québec à Montréal

Experience
  • Managed Fund since inception

Other funds managed
 

Christian Crête, CFA

Portfolio Manager, Hexavest
Joined Hexavest 2012

Biography

Christian Crête is vice president and portfolio manager of Hexavest Inc., an investment adviser and Montreal-based affiliate of Eaton Vance Corp. As a member of the strategy team, he participates in the elaboration of the firm's macro strategy. He also works in the management of the firm's European equity portfolios. He joined Hexavest in 2012.

Christian began his career in the investment management industry in 1999. Before joining Hexavest, he was an equity portfolio manager at the New Brunswick Investment Management Corporation, where he also held the role of research economist/analyst.

Christian earned a B.Sc. from the Université du Québec à Montréal and an M.Sc. from Queen's University. He is a CFA charterholder.

Education
  • B.Sc. Université du Québec à Montréal
  • M.Sc. Queen's University

Experience
  • Managed Fund since 2014

Other funds managed
 
Marc Christopher Lavoie, CFA

Marc Christopher Lavoie, CFA

President & Portfolio Manager
Hexavest
Co-founded Hexavest 2004

Biography

Marc Christopher Lavoie is president of Hexavest Inc., an investment adviser and Montreal-based affiliate of Eaton Vance Corp. He is also responsible for managing European equities. He cofounded Hexavest in 2004.

Marc Christopher began his career in the investment management industry in 2000. Previously, he was vice president, European Markets, at Hexavest. Prior to cofounding Hexavest, Marc Christopher was analyst - international equities and asset allocation at Natcan Investment Management and senior associate of transaction services at PricewaterhouseCoopers.

Marc Christopher holds a bachelor’s degree in business administration and a master’s degree in accounting from the Université de Sherbrooke. He is a chartered accountant and a CFA charterholder.

Education
  • B.B.A. Université de Sherbrooke
  • M.Acc. Université de Sherbrooke

Experience
  • Managed Fund since inception

Other funds managed
 

Literature

Literature

Annual Report

Download - Last updated: Jul 31, 2019

Full Prospectus

Download - Last updated: Dec 1, 2019

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

Download

Eaton Vance Launches Four Equity Funds Sub-Advised by Hexavest Inc.

Download - Last updated: Sep 4, 2012

SAI

Download - Last updated: Dec 1, 2019

Semi-Annual Report

Download - Last updated: Jan 31, 2020

Summary Prospectus

Download - Last updated: Dec 1, 2019

XBRL

Download - Last updated: Dec 12, 2019