Overview

Growth of $10,000

10-year period ended 09/30/2016

  • Class A at NAV

Historical Returns (%)as of Sep 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
11/30/2016
Fund at NAV -0.28 -1.68 1.61 -0.15 3.31 8.06 2.08
Fund w/Max Sales Charge -6.06 -7.37 -4.22 -5.86 1.31 6.78 1.48
MSCI World Index2 1.44 0.00 5.00 3.15 3.70 9.87 3.79
09/30/2016
Fund at NAV 0.21 3.35 3.56 9.44 6.16 10.50 2.91
Fund w/Max Sales Charge -5.59 -2.55 -2.38 3.16 4.07 9.21 2.29
MSCI World Index2 0.53 4.87 5.55 11.36 5.84 11.61 4.47
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 Nov 30, 2016

Class A Inception 11/30/2005
Investment Objective Total return
Total Net Assets $353.3M
Minimum Investment $1000
Expense Ratio3 1.25%
CUSIP 277923876

Top 10 Holdings (%)4,5as of Sep 30, 2016

Alphabet Inc - CL C
Facebook Inc
Wells Fargo & Co
Time Warner Inc
Union Pacific Corp
Visa Inc
Shire PLC
Keyence Corp
JPMorgan Chase & Co
Nippon Telegraph & Telephone Corp
Total 15.53

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 2012
Jeffrey D. Mueller Managed Fund since 2015

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

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. As interest rates rise, the value of certain income investments is likely to decline. 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 Sep 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
11/30/2016
Fund at NAV -0.28 -1.68 1.61 -0.15 3.31 8.06 2.08
Fund w/Max Sales Charge -6.06 -7.37 -4.22 -5.86 1.31 6.78 1.48
MSCI World Index2 1.44 0.00 5.00 3.15 3.70 9.87 3.79
Morningstar™ World Allocation Category6 -0.52 -1.54 4.44 2.53 0.93 4.91 3.69
09/30/2016
Fund at NAV 0.21 3.35 3.56 9.44 6.16 10.50 2.91
Fund w/Max Sales Charge -5.59 -2.55 -2.38 3.16 4.07 9.21 2.29
MSCI World Index2 0.53 4.87 5.55 11.36 5.84 11.61 4.47
Morningstar™ World Allocation Category6 0.52 3.14 6.53 8.29 2.81 6.67 4.40
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 (%)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Fund at NAV 23.52 8.37 -33.93 10.44 7.46 -4.01 11.66 22.60 2.92 3.15
MSCI World Index2 20.07 9.04 -40.71 29.99 11.76 -5.54 15.83 26.68 4.94 -0.87

Fund Facts

Expense Ratio3 1.25%
Class A Inception 11/30/2005
Distribution Frequency Monthly

Yield Information7as of Nov 30, 2016

Distribution Rate at NAV 4.01%
SEC 30-day Yield 1.78%

Risk Measures (3 Year)8as of Nov 30, 2016

Alpha (%) 0.23
Beta 0.81
R-Squared (%) 94.27
Standard Deviation (%) 9.28
Sharpe Ratio 0.34

Morningstar™ Ratingsas of Nov 30, 2016

Time Period Rating Funds in
World Allocation
Category
Overall *** 405
3 Years ***** 405
5 Years ***** 315
10 Years * 141
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) 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.

©2016 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. Past performance is no guarantee of future results.

NAV History

Date NAV NAV Change
Dec 09, 2016 $8.21 $0.02
Dec 08, 2016 $8.19 -$0.01
Dec 07, 2016 $8.20 $0.08
Dec 06, 2016 $8.12 $0.01
Dec 05, 2016 $8.11 $0.05
Dec 02, 2016 $8.06 $0.00
Dec 01, 2016 $8.06 -$0.02
Nov 30, 2016 $8.08 $0.00
Nov 29, 2016 $8.08 $0.02
Nov 28, 2016 $8.06 -$0.03
View All

Distribution History9

Ex-Date Distribution Reinvest NAV
Nov 21, 2016 $0.02700 $8.08
Oct 19, 2016 $0.02700 $8.22
Sep 20, 2016 $0.02700 $8.23
Aug 19, 2016 $0.02700 $8.37
Jul 19, 2016 $0.02700 $8.25
Jun 21, 2016 $0.02700 $8.13
May 19, 2016 $0.02700 $8.06
Apr 19, 2016 $0.02700 $8.26
Mar 21, 2016 $0.02700 $8.11
Feb 19, 2016 $0.02700 $7.72
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 History9

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. Fund primarily invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund and may also invest directly. References to investments are to the aggregate holdings of the Fund and the Portfolio.

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. As interest rates rise, the value of certain income investments is likely to decline. 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 (%)5,10,11,12as of Sep 30, 2016

U.S. Common Stocks 37.66
Foreign Common Stocks 22.16
U.S. Corporate Bonds 20.00
Foreign Corporate Bonds 11.76
Preferred Stock 3.74
Cash 2.27
Bond ETF 1.19
Floating-Rate Loans 1.12
Convertible Bond 0.12
Total 100.00

Portfolio Statisticsas of Sep 30, 2016

Average Market Cap $117.8B
Price/Earnings Ratio 17.96
Number of Holdings 387
Number of Equity Holdings 95
Price/Book Ratio 2.50
Average Coupon 6.56%
Average Maturity 11.17 yrs.
Average Duration 1.20 yrs.
Average Price $104.03

GICS Sector Breakdown (%)13as of Sep 30, 2016

Sector Fund MSCI World Index2
Consumer Discretionary 11.73 12.50
Consumer Staples 9.13 10.75
Energy 7.43 6.79
Financials 20.24 16.05
Health Care 14.90 12.85
Industrials 11.34 10.94
Information Technology 13.40 14.88
Materials 1.74 4.98
Real Estate 2.18 3.43
Telecom Services 3.42 3.46
Utilities 4.48 3.36

Credit Quality (%)14as of Sep 30, 2016

A 0.22
BBB 17.42
BB 35.27
B 40.07
CCC or Lower 5.01
Not Rated 2.00
Total 100.00
Ratings are based on Moody's, S&P or Fitch, as applicable. If securities are rated differently by the ratings agencies, the higher rating is applied. Ratings, which are subject to change, apply to the creditworthiness of the issuers of the underlying securities and not to the Fund or its shares. Credit ratings measure the quality of a bond based on the issuer's creditworthiness, with ratings ranging from AAA, being the highest, to D, being the lowest based on S&P's measures. Ratings of BBB or higher by S&P or Fitch (Baa or higher by Moody's) are considered to be investment-grade quality. Credit ratings are based largely on the ratings agency's analysis at the time of rating. The rating assigned to any particular security is not necessarily a reflection of the issuer's current financial condition and does not necessarily reflect its assessment of the volatility of a security's market value or of the liquidity of an investment in the security. Holdings designated as "Not Rated" are not rated by the national ratings agencies stated above.

Maturity Distribution (%)14as of Sep 30, 2016

Less Than 1 Year 0.60
1 To 3 Years 4.11
3 To 5 Years 12.38
5 To 10 Years 65.75
10 To 20 Years 1.69
20 To 30 Years 0.64
More Than 30 Years 14.83
Total 100.00

Assets by Country (%)13as of Sep 30, 2016

United States 63.55
United Kingdom 7.53
Japan 5.13
France 2.63
Germany 2.29
Canada 2.21
Netherlands 2.07
Luxembourg 1.84
Switzerland 1.58
Cash & Other Assets 2.27
Total 100.00
View All

Geographic Mix (%)13as of Sep 30, 2016

North America 65.76
Europe 24.00
Asia/Pacific 6.65
Middle East 0.81
Latin America/Caribbean 0.50
Cash & Other Assets 2.27
Total 100.00

Fund Holdings (%)5,15as of Oct 31, 2016

Holding % of Net Assets
Alphabet Inc - CL C 2.74%
EV Cash Reserves Fund LLC 2.00%
Wells Fargo & Co 1.62%
Facebook Inc 1.57%
Time Warner Inc 1.48%
JPMorgan Chase & Co 1.43%
Nippon Telegraph & Telephone Corp 1.31%
Kubota Corp 1.29%
Chubb Ltd 1.25%
Johnson & Johnson 1.24%
View All

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

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. As interest rates rise, the value of certain income investments is likely to decline. 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 primarily invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund and may also invest directly. References to investments are to the aggregate holdings of the Fund and the Portfolio.

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. As interest rates rise, the value of certain income investments is likely to decline. 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 primarily invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund and may also invest directly. References to investments are to the aggregate holdings of the Fund and the Portfolio.

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. As interest rates rise, the value of certain income investments is likely to decline. 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 2012

Biography
Jeffrey D. Mueller

Jeffrey D. Mueller

Vice President, Eaton Vance Management (International) Limited
Joined Eaton Vance 2015

Jeffrey Mueller is a vice president of Eaton Vance Management International, global portfolio manager and global analyst on Eaton Vance’s high-yield team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s high-yield strategies. He leads investment management and credit research for all non-U.S. high-yield opportunities and is a named portfolio manager on Eaton Vance’s Multi-Asset Credit Strategy. He joined Eaton Vance in 2015 and was named in Financial News’ high profile “Rising Stars in Asset Management” list in 2016, which highlights the top 40 investment management professionals in Europe under the age of 40.

Jeff began his career in the investment management industry in 2004. Before joining Eaton Vance, he was a high-yield portfolio manager with Threadneedle Asset Management. He was previously affiliated with Centaurus Capital Ltd. and Amaranth Advisors LLC.

Jeff earned a B.B.A. from the University of Wisconsin at Madison.

Education
  • B.B.A. University of Wisconsin at Madison

Experience
  • Managed Fund since 2015

 

Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2016

Annual Report

Download - Last updated: Oct 31, 2015

Full Prospectus

Download - Last updated: Mar 24, 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 24, 2016

Think Performance Think Eaton Vance

Download - Last updated: Sep 30, 2016

Semi-Annual Report

Download - Last updated: Apr 30, 2016

Summary Prospectus

Download - Last updated: Mar 24, 2016

XBRL

Download - Last updated: Mar 22, 2016