Overview

Historical Returns (%) as of Dec 31, 2023

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. Max Sales Charge: 5.25%.
 

Fund Facts as of Jan 31, 2024

Class A Inception 09/18/2023
Investment Objective Long-term capital appreciation
Total Net Assets $10.3M
Minimum Investment $10000
Expense Ratio (Gross)3 2.45%
Expense Ratio (Net)3,4 1.15%
CUSIP 13161X782

Top 10 Holdings (%)5,6 as of Dec 31, 2023

Microsoft Corp 7.15
Alphabet Inc - CL A 5.11
Amazon.com Inc 4.33
Nestle SA 3.63
Visa Inc 3.55
Intuit Inc 3.24
Reckitt Benckiser Group PLC 2.74
Siemens AG 2.65
Danaher Corp 2.58
Sanofi 2.45
Total 37.42
 

Morningstar Rating™ as of Jan 31, 2024

Time Period Rating Funds in
Global Large-Stock Growth
Category
Overall 328
3 Years 328
5 Years 280
10 Years 191
 

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.


Performance

Historical Returns (%) as of Dec 31, 2023

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. Max Sales Charge: 5.25%.
 

Calendar Year Returns (%)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund at NAV -18.72 22.17
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 A Inception 09/18/2023
Expense Ratio (Gross)3 2.45%
Expense Ratio (Net)3,4 1.15%
Distribution Frequency
 

Morningstar Rating™ as of Jan 31, 2024

Time Period Rating Funds in
Global Large-Stock Growth
Category
Overall 328
3 Years 328
5 Years 280
10 Years 191
 

NAV History

Date NAV NAV Change
Feb 23, 2024 $16.72 $0.04
Feb 22, 2024 $16.68 $0.21
Feb 21, 2024 $16.47 $0.03
Feb 20, 2024 $16.44 -$0.03
Feb 16, 2024 $16.47 -$0.03
Feb 15, 2024 $16.50 $0.11
Feb 14, 2024 $16.39 $0.16
Feb 13, 2024 $16.23 -$0.26
Feb 12, 2024 $16.49 -$0.07
Feb 09, 2024 $16.56 $0.11

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.


Portfolio

Asset Mix (%)6 as of Dec 31, 2023

Portfolio Statistics as of Dec 31, 2023

Average Market Cap $494.2B
Price/Earnings Ratio 23.54
Number of Holdings 40
Price/Book Ratio 4.55
Countries Represented 14
Active Share7 84.91%
 

GICS Sector Breakdown (%)6 as of Dec 31, 2023

Assets by Country (%) as of Dec 31, 2023

United States 53.04
France 7.77
United Kingdom 7.34
Netherlands 4.50
Japan 4.28
Switzerland 3.63
Germany 2.65
Hong Kong 2.22
India 2.20
Cash & Other Assets 2.93
Total 100.00
View All
 

Geographic Mix (%)6 as of Dec 31, 2023

North America 53.04
Europe 29.87
Asia/Pacific 14.16
Cash & Other Assets 2.93
Total 100.00
 

Fund Holdings (%)6,8 as of Dec 31, 2023

Holding % of Net Assets
Microsoft Corp 7.16%
Alphabet Inc - CL A 5.12%
Amazon.com Inc 4.33%
Nestle SA 3.63%
Visa Inc 3.55%
Intuit Inc 3.25%
MSILF GOVERNMENT PORTFOLIO MSILF GOVERNMENT PORTFOLIO 2.92%
Reckitt Benckiser Group PLC 2.75%
Siemens AG 2.66%
Danaher Corp 2.58%
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.


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: Dec 31, 2023

Full Prospectus

Download Full Prospectus - Last updated: Feb 1, 2024

SAI

Download SAI - Last updated: Feb 1, 2024

Summary Prospectus

Download Summary Prospectus - Last updated: Feb 1, 2024