Overview

Strong Morningstar Ratings as of 06/30/2018.3

Historical Returns (%) as of Jun 30, 2018

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, 2018

Institutional Class Inception 03/26/2014
Investment Objective Current income and total return
Total Net Assets $49.1M
Minimum Investment $50000
Expense Ratio (Gross)6 1.02%
Expense Ratio (Net)6,7 0.40%
CUSIP 27826A813

Top 10 Holdings (%)8,9 as of Jun 30, 2018

Paychex Inc.
Exxon Mobil Corp.
Ameren Corp.
Public Service Enterprise Group Inc
Baxter International Inc.
Targa Resources Corp.
RPM International Inc.
Amgen Inc.
Becton, Dickinson and Company
Hawaiian Electric Industries Inc.
Total 6.08
 

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

About Risk: 

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. 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, 2018

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 (%)

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Fund at NAV -0.36 19.52 15.79
NASDAQ U.S. Dividend Achievers™ Select Index4 -26.41 19.59 14.87 6.32 11.73 29.02 10.12 -1.88 11.93 22.29
S&P 500 Index5 -37.00 26.46 15.06 2.11 16.00 32.39 13.69 1.38 11.96 21.83
 

Fund Facts

Expense Ratio (Gross)6 1.02%
Expense Ratio (Net)6,7 0.40%
Institutional Class Inception 03/26/2014
Distribution Frequency Quarterly
 

Morningstar Rating™ as of Jul 31, 2018

Time Period Rating Funds in
Large Value
Category
Overall ***** 1105
3 Years ***** 1105
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.

©2018 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 16, 2018 $13.53 $0.12
Aug 15, 2018 $13.41 -$0.07
Aug 14, 2018 $13.48 $0.10
Aug 13, 2018 $13.38 -$0.06
Aug 10, 2018 $13.44 -$0.05
Aug 09, 2018 $13.49 -$0.06
Aug 08, 2018 $13.55 -$0.05
Aug 07, 2018 $13.60 $0.00
Aug 06, 2018 $13.60 $0.04
Aug 03, 2018 $13.56 $0.07
 

Distribution History11

Ex-Date Distribution Reinvest NAV
Jun 19, 2018 $0.10030 $13.22
Mar 20, 2018 $0.04820 $12.93
Dec 14, 2017 $0.08390 $12.92
Sep 19, 2017 $0.09710 $12.43
Jun 20, 2017 $0.07910 $12.21
Mar 21, 2017 $0.07220 $11.98
Dec 15, 2016 $0.06060 $11.82
Sep 20, 2016 $0.07220 $11.18
Jun 21, 2016 $0.06730 $11.06
Mar 21, 2016 $0.06800 $10.74
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 History11

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 14, 2017 $0.06690 $0.07030 $12.92
Dec 15, 2016 $0.05030 $11.82
Dec 17, 2015 $0.07550 $0.09160 $10.06
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 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. 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 (%)9 as of Jun 30, 2018

Portfolio Statistics as of Jun 30, 2018

Median Market Cap $18.7B
Price/Earnings Ratio 18.61
Number of Holdings 180
Price/Book Ratio 2.61
 

GICS Sector Breakdown (%)9 as of Jun 30, 2018

 

Fund Holdings (%)9,12 as of Jun 30, 2018

Holding % of Net Assets
Paychex Inc 0.62%
Exxon Mobil Corp 0.61%
Ameren Corp 0.61%
Public Service Enterprise Group Inc 0.61%
Baxter International Inc 0.60%
Targa Resources Corp 0.60%
RPM International Inc 0.60%
Amgen Inc 0.60%
Becton Dickinson and Co 0.60%
Hawaiian Electric Industries Inc 0.60%
View All

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

About Risk: 

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. 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

Thomas Seto

Thomas Seto

Head of Investment Management
Parametric Seattle Investment Center
Joined Parametric Portfolio Associates 1998

Biography

Thomas Seto is head of investment management with Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. Tom is responsible for all portfolio management and trading at the Seattle Investment Center, and is a member of the executive committee. He joined Parametric in 1998.

Tom began his career in the investment management industry in 1991. Before joining Parametric, he served as the head of U.S. equity index investments at Barclays Global Investors.

Tom earned a B.S. in electrical engineering from the University of Washington and an MBA from the University of Chicago Booth School of Business.

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

Experience
  • Managed Fund since 2014

 
Timothy W. Atwill, Ph.D., CFA

Timothy W. Atwill, Ph.D., CFA

Head of Investment Strategy
Parametric Seattle Investment Center
Joined Parametric Portfolio Associates 2010

Biography

Tim Atwill is head of investment strategy with Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. He leads Parametric's investment strategy team and is responsible for managing the continued evolution of Parametric's investment strategies and communicating these strategies to external audiences.

Before joining Parametric, Tim was affiliated with Russell Investments in its manager research unit, performing due diligence duties for the firm's consulting clients, and in its trading group, implementing derivative strategies for institutional clients. Previously, he was a non-life actuary and portfolio manager at Safeco Insurance Company.

Tim earned a B.A. in Mathematics from Reed College and a Ph.D. in mathematics from Dartmouth College. He holds the FCAS designation from the Casualty Actuarial Society and is a CFA charterholder.

Education
  • B.A. Reed College
  • Ph.D. Dartmouth College

Experience
  • Managed Fund since 2014

 
Alexander Paulsen

Alexander Paulsen

Director - Investment Strategy
Parametric Seattle Investment Center
Joined Parametric Portfolio Associates 2012

Biography

Alexander Paulsen is a director-investment strategy for Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. He is responsible for the research, creation and evolution of Parametric’s dividend equity and closed-end fund strategies. He joined Parametric in 2012.

Alex began his career in the investment management industry in 2008. He was previously affiliated with Blackrock.

Alex earned a B.S. from the University of Washington and an MSc from London School of Economics and Political Science.

Education
  • B.S. University of Washington
  • MSc London School of Economics and Political Science

Experience
  • Managed Fund since 2016

 

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2018

Annual Report

Download - Last updated: Feb 28, 2018

Full Prospectus

Download - Last updated: Jul 1, 2018

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

Download

Proxy Statement

Download - Last updated: Aug 2, 2018

SAI

Download - Last updated: Jul 1, 2018

Semi-Annual Report

Download - Last updated: Aug 31, 2017

Summary Prospectus

Download - Last updated: Jul 1, 2018

XBRL

Download - Last updated: Jul 11, 2018