Overview

Growth of $10,000

10-year period ended 06/30/2016

  • Class A at NAV

Historical Returns (%)as of Jun 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2016
Fund at NAV 0.08 1.97 3.34 6.21 7.50 8.47 2.92
Fund w/Max Sales Charge -5.70 -3.88 -2.58 0.06 5.40 7.20 2.31
MSCI World Index2 0.08 3.14 4.99 6.68 7.38 9.50 4.54
06/30/2016
Fund at NAV -1.13 0.87 0.20 -0.76 6.84 5.93 3.05
Fund w/Max Sales Charge -6.80 -4.87 -5.54 -6.49 4.74 4.67 2.45
MSCI World Index2 -1.12 1.01 0.66 -2.78 6.94 6.62 4.43
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 Aug 31, 2016

Class A Inception 11/30/2005
Investment Objective Total return
Total Net Assets $375.5M
Minimum Investment $1000
Expense Ratio3 1.25%
CUSIP 277923876

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

Alphabet Inc - CL C
Wells Fargo & Co
Royal Dutch Shell PLC
Visa Inc
Nippon Telegraph & Telephone Corp
Time Warner Inc
Lowe's Cos Inc
Equity Residential
Shire PLC
Union Pacific Corp
Total 15.54

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 Jun 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2016
Fund at NAV 0.08 1.97 3.34 6.21 7.50 8.47 2.92
Fund w/Max Sales Charge -5.70 -3.88 -2.58 0.06 5.40 7.20 2.31
MSCI World Index2 0.08 3.14 4.99 6.68 7.38 9.50 4.54
Morningstar™ World Allocation Category6 0.12 3.20 5.96 5.01 3.76 4.94 4.47
06/30/2016
Fund at NAV -1.13 0.87 0.20 -0.76 6.84 5.93 3.05
Fund w/Max Sales Charge -6.80 -4.87 -5.54 -6.49 4.74 4.67 2.45
MSCI World Index2 -1.12 1.01 0.66 -2.78 6.94 6.62 4.43
Morningstar™ World Allocation Category6 0.66 2.15 3.25 -2.28 3.33 3.32 4.43
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 Aug 31, 2016

Distribution Rate at NAV 3.90%
SEC 30-day Yield 1.62%

Risk Measures (3 Year)8as of Aug 31, 2016

Alpha (%) 1.28
Beta 0.83
R-Squared (%) 95.20
Standard Deviation (%) 9.73
Sharpe Ratio 0.76

Morningstar™ Ratingsas of Aug 31, 2016

Time Period Rating Rating (Load Waived) Funds in
World Allocation
Category
Overall *** **** 472
3 Years **** ***** 472
5 Years **** ***** 370
10 Years * * 179
Based on Risk-Adjusted Returns.

The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.

© 2016 Morningstar, Inc. 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 is responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in the same category. This measure takes into account variations in a fund's monthly performance after adjusting for sales loads (except for load-waived A shares) redemption fees, and the risk-free rate, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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. Load-waived A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load. The Morningstar Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structure.

NAV History

Date NAV NAV Change
Sep 28, 2016 $8.32 $0.03
Sep 27, 2016 $8.29 $0.02
Sep 26, 2016 $8.27 -$0.05
Sep 23, 2016 $8.32 -$0.02
Sep 22, 2016 $8.34 $0.05
Sep 21, 2016 $8.29 $0.06
Sep 20, 2016 $8.23 $0.00
Sep 19, 2016 $8.23 $0.02
Sep 16, 2016 $8.21 -$0.04
Sep 15, 2016 $8.25 $0.04
View All

Distribution History9

Ex-Date Distribution Reinvest NAV
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
Dec 31, 2015 $0.02700 $8.22
Dec 17, 2015 $0.02700 $8.21
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 Jun 30, 2016

U.S. Common Stocks 39.56
Foreign Common Stocks 22.42
U.S. Corporate Bonds 19.09
Foreign Corporate Bonds 10.37
Preferred Stock 4.38
Cash 2.84
Bond ETF 1.20
Convertible Bond 0.15
Total 100.00

Portfolio Statisticsas of Jun 30, 2016

Average Market Cap $114.1B
Price/Earnings Ratio 17.33
Number of Holdings 343
Price/Book Ratio 2.47
Average Coupon 6.43%
Average Maturity 11.54 yrs.
Average Duration 1.21 yrs.
Average Price $104.21

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

Sector Fund MSCI World Index2
Consumer Discretionary 11.97 12.47
Consumer Staples 10.94 11.27
Energy 7.52 6.97
Financials 22.20 18.96
Health Care 16.05 13.52
Industrials 10.51 10.69
Information Technology 12.48 13.98
Materials 0.92 4.74
Telecom Services 3.60 3.72
Utilities 3.81 3.68

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

A 0.48
BBB 17.51
BB 38.59
B 34.55
CCC or Lower 4.01
Not Rated 4.85
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 Jun 30, 2016

Less Than 1 Year 3.98
1 To 3 Years 3.58
3 To 5 Years 12.24
5 To 10 Years 61.64
10 To 20 Years 1.67
20 To 30 Years 0.77
More Than 30 Years 16.11
Total 100.00

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

United States 64.17
United Kingdom 6.72
Japan 4.40
France 3.32
Netherlands 2.75
Germany 2.18
Switzerland 1.87
Canada 1.84
Denmark 1.58
Cash & Other Assets 2.84
Total 100.00
View All

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

North America 66.01
Europe 23.63
Asia/Pacific 6.09
Middle East 0.91
Latin America/Caribbean 0.52
Cash & Other Assets 2.84
Total 100.00

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

Holding % of Net Assets
Alphabet Inc - CL C 2.75%
EV Cash Reserves Fund 2.35%
Wells Fargo & Co 1.62%
Visa Inc 1.56%
Facebook Inc 1.52%
Time Warner Inc 1.44%
Royal Dutch Shell PLC 1.44%
Allergan plc 1.42%
Lowe's Cos Inc 1.42%
Union Pacific Corp 1.40%
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 and portfolio manager on Eaton Vance’s global core team. He is responsible for buy and sell decisions, portfolio construction and risk management for a number of the firm’s global core equity strategies. 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, director of credit research and portfolio manager on Eaton Vance’s investment-grade fixed-income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s investment-grade 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: Jun 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: Jun 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