Fund Evaluator:
Eaton Vance China Equity A (EVCGX)
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Best Performing in Greater China Region Over the Last Year
| 53.4% | Fidelity Advisor China Region Z (FIQFX) |
| 53.2% | Fidelity China Region (FHKCX) |
| 36.9% | Oberweis China Opportunities (OBCHX) |
| 12.4% | Goldman Sachs China Equity Inv (GSAEX) |
| 9.9% | Guinness Atkinson China & Hong Kong (ICHKX) |
Fund Details
Eaton Vance China Equity A Overview
Eaton Vance China Equity A (EVCGX) is an actively managed International Equity Greater China Region fund. Eaton Vance launched the fund in 1992.
The investment seeks long-term capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies located in the China region (the "80% Policy"). It invests primarily in common stocks of companies that, in the opinion of the investment sub-adviser, will benefit from the economic development and growth of the People's Republic of China. The fund may invest 25% or more of its total assets in securities in any one country in the China region. It may invest up to 20% of its net assets outside the China region. The fund is non-diversified.
About Eaton Vance China Equity A (EVCGX)
There are 1 members of the management team with an average tenure of 4.83 years: Amay Hattangadi (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI China NR USD index with a weighting of 100%. Eaton Vance China Equity A has 72 securities in its portfolio. The top 10 holdings constitute 59.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Eaton Vance China Equity A is part of the Equity global asset class and is within the International Equity fund group. Eaton Vance China Equity A has 97.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.4%. There is 97.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Eaton Vance China Equity A has 1.7% of the portfolio in cash.
Assets Under Management
The fund has $30 million in total assets, which is below the $82 million average for the Greater China Region category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EVCGX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Eaton Vance China Equity A expense ratio is high compared to funds in the Greater China Region category. Eaton Vance China Equity A has an expense ratio of 1.50%, which is 18% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Eaton Vance China Equity A has a portfolio turnover rate of 48%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 73% for the Greater China Region category.
Recently, in the month of July 2026, Eaton Vance China Equity A returned 5.8%, which earned it a grade of A, as the Greater China Region category had an average return of -5.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Eaton Vance China Equity A has a trailing yield of 1.66%, which is below the 1.94% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Eaton Vance China Equity A Grades
Year to date, the fund has returned -4.4%, 10.0 percentage points worse than the category, which translates into a grade of F. The fund has returned 0.6% over the past year (grade of F), 4.0% over the past three years (grade of D) and -4.5% per year over the past five years (grade of C) and 4.4% per year over the past 10 years (grade of D).
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EVCGX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EVCGX Return (NAV) | 5.8% | -1.4% | 0.6% | 4.0% | -4.5% | 4.4% |
| EVCGX Grade | A | B | F | D | C | D |
| +/- Category | 11.5% | 1.9% | -19.1% | -6.4% | -2.6% | -2.9% |
| Greater China Region Avg | -5.7% | -3.4% | 19.7% | 10.4% | -2.0% | 7.3% |
| EVCGX Tax Cost Ratio | na | na | 0.6% | 1.0% | 1.1% | 1.4% |
EVCGX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EVCGX Return (NAV) | -4.4% | 26.1% | 9.3% | -17.3% | -22.7% | -9.6% | 25.1% | 23.2% | -10.0% | 49.4% | 1.7% |
| EVCGX Grade | F | F | D | C | A | C | F | F | A | F | A |
| +/- Category | -10.0% | -7.3% | -2.0% | -3.2% | 5.0% | -0.3% | -19.4% | -8.9% | 7.3% | -1.8% | 4.0% |
| Greater China Region Avg | 5.6% | 33.3% | 11.3% | -14.1% | -27.7% | -9.3% | 44.5% | 32.1% | -17.3% | 51.2% | -2.3% |
| Risk Measures | |
| Standard Deviation: | 20.5% |
| Total Risk Index: | 1.67 - High |
| Category Risk Index: | 0.93 - Average |
| Category Risk Grade: | C (40% Rank) |
| Beta: | 0.52 |
| R-Squared: | 12% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.7% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $34 Mil |
| Fund Total Assets: | $ 30 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 48% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 4.8 years | |||
| Average Tenure: 4.8 years | |||
| Managers (Year): Hattangadi Amay (2021) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 72 |
| % in Top 10 Holdings: | 59.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 97.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.4% |
| Foreign Stock: | 97.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.7% |
Purchase Information
| Fund Family: | Eaton Vance |
| Phone Number: | 800-262-1122 |
| Website: | www.eatonvance.com |
| Status: | Open |
| Inception Date: | October 28, 1992 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.50% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.27% |
| Share Class: | Eaton Vance China Equity A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
