Overview

Historical Returns (%) as of Sep 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. Total return prior to the commencement of the class reflects returns of another Fund class. Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). If adjusted for other expenses, returns would be lower. The share class has no sales charge.
 

Fund Facts as of Sep 30, 2024

Class I Inception 06/20/2005
Investment Objective Total return
Total Net Assets $920.3M
Minimum Investment $1000000
Expense Ratio3 0.76%
CUSIP 277905634

Top 10 Holdings (%)4,5 as of Jun 30, 2024

Microsoft Corp 4.93
JPMorgan Chase & Co 3.65
Broadcom Inc 3.59
Chevron Corp 3.40
AbbVie Inc 3.30
International Paper Co 2.49
Walmart Inc 2.47
Truist Financial Corp 2.42
EOG Resources Inc 2.38
Lam Research Corp 2.29
Total 30.92
 

Morningstar Rating™ as of Sep 30, 2024

Time Period Rating Funds in
Large Value
Category
Overall 1085
3 Years 1085
5 Years 1031
10 Years 804
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. Hollow stars denote Morningstar Extended Performance Ratings and are considered estimates based on the performance of the fund's oldest share class, adjusted for fees and expenses.

©2024 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.
 

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. 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, currency exchange rates or other conditions. 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 Sep 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. Total return prior to the commencement of the class reflects returns of another Fund class. Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). If adjusted for other expenses, returns would be lower. The share class has no sales charge.
 

Calendar Year Returns (%)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund at NAV 12.01 3.10 9.49 19.12 -5.10 31.44 12.61 24.68 -9.54 11.46
S&P 500® Index1 13.69 1.38 11.96 21.83 -4.38 31.49 18.40 28.71 -18.11 26.29
NASDAQ US Broad Dividend Achievers Index2 11.76 -2.58 15.22 18.02 -3.94 27.53 9.97 23.84 -5.78 11.88
 

Fund Facts

Class I Inception 06/20/2005
Expense Ratio3 0.76%
Distribution Frequency Monthly

Yield Information as of Sep 30, 2024

Distribution Rate at NAV 2.22%
SEC 30-day Yield7 1.53%
 

Risk Measures (3 Year)8 as of Sep 30, 2024

Alpha (%) -0.52
Beta 0.81
R-Squared (%) 88.07
Standard Deviation (%) 15.12
Sharpe Ratio 0.37
 

Morningstar Rating™ as of Sep 30, 2024

Time Period Rating Funds in
Large Value
Category
Overall 1085
3 Years 1085
5 Years 1031
10 Years 804
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. Hollow stars denote Morningstar Extended Performance Ratings and are considered estimates based on the performance of the fund's oldest share class, adjusted for fees and expenses.

©2024 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
Oct 08, 2024 $16.82 $0.08
Oct 07, 2024 $16.74 -$0.15
Oct 04, 2024 $16.89 $0.10
Oct 03, 2024 $16.79 -$0.05
Oct 02, 2024 $16.84 $0.02
Oct 01, 2024 $16.82 -$0.08
Sep 30, 2024 $16.90 $0.07
Sep 27, 2024 $16.83 $0.03
Sep 26, 2024 $16.80 $0.08
Sep 25, 2024 $16.72 -$0.11
 

Distribution History9

Ex-Date Distribution Reinvest NAV
Sep 10, 2024 $0.03120 $16.34
Aug 09, 2024 $0.02770 $15.88
Jul 09, 2024 $0.00810 $15.77
Jun 11, 2024 $0.03570 $15.53
May 09, 2024 $0.02160 $15.54
Apr 09, 2024 $0.01810 $15.70
Mar 11, 2024 $0.02520 $15.59
Feb 09, 2024 $0.03890 $15.16
Jan 09, 2024 $0.02150 $14.81
Dec 08, 2023 $0.02900 $14.23
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
Dec 08, 2023 $0.22220 $0.02650 $14.23
Dec 09, 2022 $3.78170 $13.97
Dec 09, 2021 $0.93480 $19.30
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.

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. 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, currency exchange rates or other conditions. 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 (%)5,10 as of Jun 30, 2024

Portfolio Statistics as of Jun 30, 2024

Average Market Cap $394.5B
Price/Earnings Ratio 17.78
Number of Holdings 56
Price/Book Ratio 3.58
Active Share11 77.12%
 

GICS Sector Breakdown (%)5,10 as of Jun 30, 2024

Assets by Country (%)5 as of Jun 30, 2024

United States 97.31
Canada 1.34
United Kingdom 1.10
Cash & Other Assets 0.25
Total 100.00
 

Geographic Mix (%)5 as of Jun 30, 2024

North America 98.64
Europe 1.10
Cash & Other Assets 0.25
Total 100.00
 

Fund Holdings (%)5,12 as of Aug 31, 2024

Holding % of Net Assets
Microsoft Corp 4.37%
Broadcom Inc 3.46%
JPMorgan Chase & Co 3.43%
Chevron Corp 3.21%
AbbVie Inc 2.69%
International Paper Co 2.49%
Johnson & Johnson 2.46%
EOG Resources Inc 2.45%
Walmart Inc 2.31%
Xcel Energy Inc 2.30%
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. 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, currency exchange rates or other conditions. 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

Charles Gaffney

Charles Gaffney

Managing Director, Portfolio Manager
Joined Eaton Vance 2003

Biography

Charlie is a managing director of Morgan Stanley and a portfolio manager on the Eaton Vance Core/Growth team. He is responsible for buy and sell decisions, portfolio construction and risk management for a number of Eaton Vance U.S. core equity strategies. He is a member of the Eaton Vance Equity Strategy Committee. He is also a vice president and portfolio manager for Calvert Research and Management. He joined Eaton Vance in 2003. Morgan Stanley acquired Eaton Vance in March 2021.

Charlie began his career in the investment management industry in 1996. Before joining Eaton Vance, he was a sector portfolio manager with Brown Brothers Harriman and a senior equity analyst with Morgan Stanley Dean Witter.

Charlie earned a B.A. from Bowdoin College and an MBA from Fordham University.

Education
  • B.A. Bowdoin College
  • M.B.A. Graduate School of Business, Fordham University

Experience
  • Managed Fund since 2007

Other funds managed
 

Literature

Literature

Fact Sheet

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Annual Financial Statements and Add'l Information

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Semi-Annual Financial Statements and Add'l Information

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Annual Report

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Full Prospectus

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Q1 Holdings

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Q3 Holdings

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Holdings - Form N-PORT

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Semi-Annual Report

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Summary Prospectus

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