Overview

Historical Returns (%)

Past performance is no guarantee of future results.

as of Jun 30, 2022

 

Fund Facts as of Aug 31, 2022

Class I Acc USD Inception 06/04/2008
Investment Objective Long-term capital appreciation
Total Net Assets $185.9M
Minimum Investment $5000000

Fund Codes

CUSIP G2918S660
ISIN IE00B2RKZ566
SEDOL B2RKZ56
Valor Number 4277926
Wertpapierkennnummer A0Q5YQ
 

Top 10 Holdings (%)2,3 as of Aug 31, 2022

TENCENT HOLDINGS LTD 0.97
TAIWAN SEMICONDUCTOR MANUFAC 0.93
PNOTE HSBC: SAUDI ARABIAN OIL 0.85
TUPRAS-TURKIYE PETROL RAFINE 0.82
AMERICA MOVIL SAB DE C-SER L 0.70
DELTA ELECTRONICS THAI-FORGN 0.69
SAMSUNG ELECTRONICS CO LTD 0.68
SOC QUIMICA Y MINERA CHILE-B 0.65
AHLI UNITED BANK B.S.C 0.59
NASPERS LTD-N SHS 0.56
Total 7.44
 

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

The use of leverage increases risks, such that a relatively small movement in the value of an investment may result in a disproportionately large movement, unfavorable as well as favorable, in the value of that investment and, in turn, the value of the Fund.

The Fund is actively managed in reference to the Index (MSCI Emerging Markets Index). The Fund does not intend to track the Index. The Investment Adviser has discretion in its choices of investments and is not constrained in its selection 5 of its investments by the Index save that the Investment Adviser may place parameters on country and country-sector weights relative the Index. These parameters may change from time to time. The Investment Adviser may also set expected volatility and tracking error parameters relative to the Index which may be subject to change. The Fund may invest in instruments which are not included in the Index, although it is generally expected that a significant portion of its investments will be constituents of the Index at any given time.
The investment objective of the Fund is to seek long-term capital appreciation. The Fund is actively managed and seeks to achieve its objective by investing in a diversified portfolio of common stocks of companies which are domiciled in or which derive more than 50% of their revenues or profits from emerging market countries. The Fund may also invest in other transferable securities listed, traded or dealt on Recognised Markets in accordance with the restrictions listed under "Investment Objectives and Policies" in the Prospectus. The Fund will invest at least two-thirds of its total assets in equity securities of companies which are domiciled in or which derive more than 50% of their revenues or profits from emerging market countries. Equity securities, for the purposes of this two-thirds policy, will be limited to common and preferred stocks; equity interests in trusts, partnerships, joint ventures and other unincorporated entities or enterprises; special classes of shares available only to foreign investors in markets that restrict ownership by foreign investors to certain classes of equity securities (e.g. India, Kuwait, Thailand); and participation notes.

RISK CONSIDERATIONS 

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. 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 (%)

Past performance is no guarantee of future results.

as of Jun 30, 2022

 

Calendar Year Returns (%)

Past performance is no guarantee of future results.

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Fund at NAV 19.19 1.70 -4.28 -17.32 11.76 27.37 -14.13 12.61 4.27 4.67
MSCI Emerging Markets Index1 18.22 -2.60 -2.19 -14.92 11.19 37.28 -14.57 18.42 18.31 -2.54
 

Fund Facts

Class I Acc USD Inception 06/04/2008
 

NAV History

Date NAV NAV Change
Sep 29, 2022 $10.13 -$0.12
Sep 28, 2022 $10.25 $0.01
Sep 27, 2022 $10.24 $0.00
Sep 26, 2022 $10.24 -$0.19
Sep 23, 2022 $10.43 -$0.23
Sep 22, 2022 $10.66 -$0.02
Sep 21, 2022 $10.68 -$0.10
Sep 20, 2022 $10.78 -$0.04
Sep 19, 2022 $10.82 -$0.03
Sep 16, 2022 $10.85 -$0.08
 

Distribution History4

Ex-Date Distribution Reinvest NAV
No records in this table indicates that there has not been a distribution 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.

The use of leverage increases risks, such that a relatively small movement in the value of an investment may result in a disproportionately large movement, unfavorable as well as favorable, in the value of that investment and, in turn, the value of the Fund.

The Fund is actively managed in reference to the Index (MSCI Emerging Markets Index). The Fund does not intend to track the Index. The Investment Adviser has discretion in its choices of investments and is not constrained in its selection 5 of its investments by the Index save that the Investment Adviser may place parameters on country and country-sector weights relative the Index. These parameters may change from time to time. The Investment Adviser may also set expected volatility and tracking error parameters relative to the Index which may be subject to change. The Fund may invest in instruments which are not included in the Index, although it is generally expected that a significant portion of its investments will be constituents of the Index at any given time.
The investment objective of the Fund is to seek long-term capital appreciation. The Fund is actively managed and seeks to achieve its objective by investing in a diversified portfolio of common stocks of companies which are domiciled in or which derive more than 50% of their revenues or profits from emerging market countries. The Fund may also invest in other transferable securities listed, traded or dealt on Recognised Markets in accordance with the restrictions listed under "Investment Objectives and Policies" in the Prospectus. The Fund will invest at least two-thirds of its total assets in equity securities of companies which are domiciled in or which derive more than 50% of their revenues or profits from emerging market countries. Equity securities, for the purposes of this two-thirds policy, will be limited to common and preferred stocks; equity interests in trusts, partnerships, joint ventures and other unincorporated entities or enterprises; special classes of shares available only to foreign investors in markets that restrict ownership by foreign investors to certain classes of equity securities (e.g. India, Kuwait, Thailand); and participation notes.

RISK CONSIDERATIONS 

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. 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 (%)3 as of Aug 31, 2022

Portfolio Statistics as of Aug 31, 2022

Median Market Cap 3.07
Price/Earnings Ratio 13.71
Number of Holdings 1143
Price/Book Ratio 1.35
Countries Represented 49
 

GICS Sector Breakdown (%)3 as of Aug 31, 2022

Assets by Country (%)3 as of Aug 31, 2022

China 16.20
India 5.37
Taiwan 6.72
Korea 4.51
Brazil 5.43
Mexico 5.06
South Africa 4.42
Turkey 5.41
Thailand 5.42
Saudi Arabia 5.76
View All
 

Geographic Mix (%)3 as of Aug 31, 2022

Asia/Pacific 49.82
Latin America 16.84
Eastern Europe 11.37
Middle East 12.76
Africa 7.95
Europe except U.K. 1.26
 

Fund Holdings (%)3,5 as of Jul 31, 2022

Holding % of Net Assets
Taiwan Semiconductor Manufacturing Co Ltd 0.96%
HSBC Bank PLC 0.90%
Tencent Holdings Ltd 0.84%
America Movil SAB de CV 0.78%
Samsung Electronics Co Ltd 0.73%
Sociedad Quimica y Minera de Chile SA 0.64%
Turkiye Petrol Rafinerileri AS 0.62%
Delta Electronics Thailand PCL 0.62%
Ahli United Bank BSC 0.60%
Naspers Ltd 0.55%
View All

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

RISK CONSIDERATIONS 

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. 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

Thomas C. Seto

Thomas C. Seto

Head of Investment Management
Joined Parametric Portfolio Associates 1998

Biography

Thomas Seto is head of investment management with Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. Tom is responsible for all portfolio management and trading at the Seattle Investment Center, and is a member of the executive committee. He joined Parametric in 1998.

Tom began his career in the investment management industry in 1991. Before joining Parametric, he served as the head of U.S. equity index investments at Barclays Global Investors.

Tom earned a B.S. in electrical engineering from the University of Washington and an MBA from the University of Chicago Booth School of Business.

Education
  • B.S. University of Washington
  • M.B.A Booth School of Business, University of Chicago

Experience
  • Managed Fund since 2008

 
Paul Bouchey, CFA

Paul Bouchey, CFA

Global Head of Research
Joined Parametric Portfolio Associates 2006

Biography

Paul Bouchey is chief investment officer of Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. Paul Bouchey leads Parametric's Investment, Research and Strategy activities. He is responsible for setting the overall research agenda and new product development. He joined Parametric in 2006.

Paul began his career in the investment management industry in 1994. Before joining Parametric, Paul was a senior researcher at Russell Investment Group, where he focused on simulation, optimization and quantitative decision models for institutional and private clients.

Paul earned a B.A. in mathematics and physics from Whitman College and an M.S. in computational finance and risk management from the University of Washington. He holds a patent on cross-sectional volatility indexing and has authored more than 10 academic and practitioner articles in journals such as The Journal of Portfolio Management, The Journal of Wealth Management and The Journal of Index Investing. He is a CFA charterholder.

Education
  • B.A. Whitman College
  • M.S. University of Washington

Experience
  • Managed Fund since 2019

 
Jennifer Sireklove, CFA

Jennifer Sireklove, CFA

Managing Director, Investment Strategy
Joined Parametric Portfolio Associates 2013

Biography

Jennifer Sireklove is managing director, investment strategy for Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. She leads the investment strategy team, which is responsible for all aspects of Parametric's equity-based investment strategies. In addition, she has direct investment responsibility for Parametric's emerging-market and international strategies, and chairs Parametric's Stewardship Committee. She joined Parametric in 2013.

Jennifer began her career in the investment management industry in 2003. Previously at Parametric, she helped build the firm's active ownership and custom ESG portfolio construction practices. Before joining Parametric, she worked in equity research, primarily covering the energy, utility and industrial sectors at firms including D.A. Davidson and McAdams Wright Ragen.

Jennifer earned a B.A. in economics from Reed College and an MBA in finance and accounting from the University of Chicago. She is a CFA charterholder and a member of the CFA Society Seattle.

Education
  • B.A. Reed College
  • MBA University of Chicago

Experience
  • Managed Fund since 2019

 

Literature

Literature

Fact Sheet (English)

Download Fact Sheet (English) - Last updated: Aug 31, 2022

Fact Sheet (Spanish)

Download Fact Sheet (Spanish) - Last updated: Aug 31, 2022

Annual Report (English)

Download Annual Report (English) - Last updated: Dec 31, 2021

Annual Report (Spanish)

Download Annual Report (Spanish) - Last updated: Dec 31, 2021

Eaton Vance International (Ireland) Funds Full Prospectus (English)

Download Eaton Vance International (Ireland) Funds Full Prospectus (English) - Last updated: Dec 13, 2021

Eaton Vance International (Ireland) Funds Full Prospectus (German)

Download Eaton Vance International (Ireland) Funds Full Prospectus (German) - Last updated: Dec 13, 2021

Full Prospectus

Download Full Prospectus - Last updated: Jul 6, 2020

Memorandum and Articles of Association

Download Memorandum and Articles of Association - Last updated: Oct 2, 2012

Prospectus Supplement (English)

Download Prospectus Supplement (English) - Last updated: Dec 13, 2021

Semiannual Report (English)

Download Semiannual Report (English) - Last updated: Jun 30, 2022

Semiannual Report (Spanish)

Download Semiannual Report (Spanish) - Last updated: Jun 30, 2022