Overview

Historical Returns (%) as of Jun 30, 2024

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. Prior to 09/15/2023, the Fund was called Eaton Vance Focused Global Opportunities Fund and employed a different principal investment strategy. Please see prospectus for more details.
 

Fund Facts as of Jun 30, 2024

Class I Inception 12/17/2015
Investment Objective Long-term capital appreciation
Total Net Assets $11.1M
Minimum Investment $1000000
Expense Ratio (Gross)3 2.20%
Expense Ratio (Net)3,4 0.90%
CUSIP 13161X774

Top 10 Holdings (%)5,6 as of Jun 30, 2024

Microsoft Corp 7.10
Alphabet Inc - CL A 5.46
Amazon.com Inc 5.00
NVIDIA Corp 4.63
Nestle SA 3.53
Visa Inc 3.46
Sanofi 3.08
Boston Scientific Corp 2.95
Danaher Corp 2.70
ASML Holding NV 2.69
Total 40.59
 

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

RISK CONSIDERATIONS 

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. 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. In emerging countries, these risks may be more significant. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry including REITs. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. 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.

See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.


Performance

Historical Returns (%) as of Jun 30, 2024

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. Prior to 09/15/2023, the Fund was called Eaton Vance Focused Global Opportunities Fund and employed a different principal investment strategy. Please see prospectus for more details.
 

Calendar Year Returns (%)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund at NAV -0.48 20.85 -7.80 31.77 13.88 24.90 -18.70 22.40
MSCI World Index2 4.94 -0.87 7.51 22.40 -8.71 27.67 15.90 21.82 -18.14 23.79
 

Fund Facts

Class I Inception 12/17/2015
Expense Ratio (Gross)3 2.20%
Expense Ratio (Net)3,4 0.90%
Distribution Frequency
 

Morningstar Rating™ as of Jun 30, 2024

Time Period Rating Funds in
Global Large-Stock Growth
Category
Overall 321
3 Years 321
5 Years 277
10 Years 188
 

NAV History

Date NAV NAV Change
Jul 19, 2024 $17.20 -$0.06
Jul 18, 2024 $17.26 -$0.20
Jul 17, 2024 $17.46 -$0.27
Jul 16, 2024 $17.73 $0.07
Jul 15, 2024 $17.66 -$0.11
Jul 12, 2024 $17.77 $0.16
Jul 11, 2024 $17.61 -$0.06
Jul 10, 2024 $17.67 $0.18
Jul 09, 2024 $17.49 -$0.05
Jul 08, 2024 $17.54 -$0.02

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

RISK CONSIDERATIONS 

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. 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. In emerging countries, these risks may be more significant. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry including REITs. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. 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.

See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.


Portfolio

Asset Mix (%)6 as of Jun 30, 2024

Portfolio Statistics as of Jun 30, 2024

Average Market Cap $741.3B
Price/Earnings Ratio 24.19
Number of Holdings 40
Price/Book Ratio 4.91
Countries Represented 14
Active Share7 79.66%
 

GICS Sector Breakdown (%)6 as of Jun 30, 2024

Assets by Country (%) as of Jun 30, 2024

United States 55.86
France 7.74
United Kingdom 7.10
Netherlands 4.94
Japan 3.82
Switzerland 3.53
Germany 2.64
Denmark 2.58
Australia 2.07
India 2.05
Total 100.00
View All
 

Geographic Mix (%)6 as of Jun 30, 2024

North America 55.86
Europe 30.34
Asia/Pacific 13.46
Cash & Other Assets 0.34
Total 100.00
 

Fund Holdings (%)6,8 as of May 31, 2024

Holding % of Net Assets
Microsoft Corp 6.74%
Alphabet Inc - CL A 5.29%
Amazon.com Inc 4.67%
NVIDIA Corp 4.14%
Nestle SA 3.70%
Visa Inc 3.67%
Sanofi 3.19%
Boston Scientific Corp 3.17%
Danaher Corp 2.84%
Compass Group PLC 2.81%
View All

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

RISK CONSIDERATIONS 

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. 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. In emerging countries, these risks may be more significant. Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry including REITs. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. 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.

See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.


Management

Christopher M. Dyer, CFA

Christopher M. Dyer, CFA

Managing Director, Co-Head of Eaton Vance Equity
Joined Eaton Vance 2015

Biography

Chris is a managing director of Morgan Stanley. He is co-head of Eaton Vance Equity. In addition, Chris is co-head of the Eaton Vance Equity Global team and a portfolio manager for Eaton Vance and Calvert global and international equity portfolios. Chris serves on the Morgan Stanley Investment Management Operating Committee. He joined Eaton Vance in 2015. Morgan Stanley acquired Eaton Vance in March 2021.

Chris began his career in the asset management 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 inception

 

Ian Kirwan

Managing Director, Co-Head of Eaton Vance Equity Global Team, Portfolio Manager, Analyst
Joined Eaton Vance 2015

Biography

Ian is a managing director of Morgan Stanley. He is co-head of the Eaton Vance Equity Global team and a portfolio manager and an analyst. He is responsible for coverage of industrials, automotive, and metals and mining for global portfolios. He joined Eaton Vance in 2015. Morgan Stanley acquired Eaton Vance in March 2021.

Ian began his career in the investment management industry in 1997. Before joining Eaton Vance, he was previously affiliated with the Qatar Investment Authority, Lazard Asset Management, AllianceBernstein and Schroder Investment Management.

Ian graduated from Wesley College in Dublin and earned a B.A. in economics from Trinity College in Dublin.

Education
  • B.A. Trinity College, Dublin

Experience
  • Managed Fund since inception

 

Literature

Literature

Fact Sheet

Download Fact Sheet - Last updated: Jun 30, 2024

Annual Report

Download Annual Report - Last updated: Sep 30, 2023

Full Prospectus

Download Full Prospectus - Last updated: Feb 1, 2024

Q1 Holdings

Download Q1 Holdings - Last updated: Dec 31, 2023

Q3 Holdings

Download Q3 Holdings - Last updated: Aug 31, 2023

SAI

Download SAI - Last updated: Feb 1, 2024

Semi-Annual Report

Download Semi-Annual Report - Last updated: Mar 31, 2024

Summary Prospectus

Download Summary Prospectus - Last updated: Feb 1, 2024