Overview

 

A focused portfolio the Eaton Vance way.

A focus on research and risk management.

Average Annual Returns (%) as of Mar 31, 2013

1 Month 3 Months YTD 1 Year 3 Years 5 Years Life of Fund
5/31/2013
Fund at NAV 3.27 7.44 11.96 22.42 — — 7.29
Fund w/Max Sales Charge -2.66 1.30 5.50 15.42 — — 4.48
Russell 1000 Growth Index1 1.86 7.92 13.95 22.55 17.18 6.28 11.99
3/31/2013
Fund at NAV 3.76 8.13 8.13 11.14 — — 6.10
Fund w/Max Sales Charge -2.16 1.89 1.89 4.75 — — 3.11
Russell 1000 Growth Index1 3.75 9.54 9.54 10.09 13.05 7.30 10.89
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 one year is cumulative. Max Sales Charge: 5.75%.

Fund Facts as of May 31, 2013

Class A Inception 03/07/2011
Investment Objective Long-term capital growth
Total Net Assets of Fund $14.9M
Minimum Investment $1000
Expense Ratio (Gross)2 1.72%
Expense Ratio (Net)2,3 1.25%
CUSIP 277902565

Top 10 Holdings (%)4,5 as of Mar 31, 2013

Apple Inc
Green Mountain Coffee Roasters Inc
Gilead Sciences Inc
Qualcomm Inc
Citigroup Inc
Google Inc
Amazon.com Inc
United Technologies Corp
priceline.com Inc
Mondelez International Inc
Total 39.72


Portfolio Management

Lewis R. Piantedosi Managed Fund since inception
Yana S. Barton, CFA Managed Fund since inception

 

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

About Risk 

Fund share values are 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 or other conditions. 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.


1. Russell 1000 Growth Index is an unmanaged index of U.S. large-cap growth stocks. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund.
2. Source: Fund prospectus.
3. Net expense ratio reflects a contractual expense reimbursement that continues through 6/30/13. Without the reimbursement, performance would have been lower.
4. Percent of total net assets.
5. Top 10 holdings exclude cash and equivalents.

Performance

Average Annual Returns (%) as of Mar 31, 2013

1 Month 3 Months YTD 1 Year 3 Years 5 Years Life of Fund
5/31/2013
Fund at NAV 3.27 7.44 11.96 22.42 — — 7.29
Fund w/Max Sales Charge -2.66 1.30 5.50 15.42 — — 4.48
Russell 1000 Growth Index1 1.86 7.92 13.95 22.55 17.18 6.28 11.99
Morningstar™ Large Growth Category6 2.63 7.19 13.06 22.42 14.96 4.39 —
3/31/2013
Fund at NAV 3.76 8.13 8.13 11.14 — — 6.10
Fund w/Max Sales Charge -2.16 1.89 1.89 4.75 — — 3.11
Russell 1000 Growth Index1 3.75 9.54 9.54 10.09 13.05 7.30 10.89
Morningstar™ Large Growth Category6 3.19 8.79 8.79 8.43 10.82 5.42 —
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 one year is cumulative. Max Sales Charge: 5.75%.

Calendar Year Returns (%)

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Fund at NAV — — — — — — — — — 18.78
Russell 1000 Growth Index1 29.75 6.30 5.26 9.07 11.81 -38.44 37.21 16.71 2.64 15.26

Fund Facts

Expense Ratio (Gross)2 1.72%
Expense Ratio (Net)2,3 1.25%
Class A Inception 03/07/2011
Distribution Frequency Annually


NAV History

Date NAV NAV Change
Jun 17, 2013 $11.70 $0.09
Jun 14, 2013 $11.61 $-0.05
Jun 13, 2013 $11.66 $0.15
Jun 12, 2013 $11.51 $-0.10
Jun 11, 2013 $11.61 $-0.13
Jun 10, 2013 $11.74 $0.02
Jun 07, 2013 $11.72 $0.17
Jun 06, 2013 $11.55 $0.10
Jun 05, 2013 $11.45 $-0.14
Jun 04, 2013 $11.59 $-0.08

Distribution History7

Ex-Date Distribution Reinvest NAV
Dec 13, 2012 $0.00280 $10.38
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 History7

Ex-Date Short-Term Long-Term Reinvest NAV
No records in this table indicates that there has not been a capital gain greater than .0001 within the past 3 years.
Fund prospectus

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 as of month-end for the stated time period only; due to market volatility, the Fund's current performance may be lower or higher than quoted. For the Eaton Vance Fund's performance as of the most recent month end, please refer to www.eatonvance.com. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns shown at NAV unless noted otherwise. Returns for other classes of shares offered by the Fund are different. It is not possible to invest in an index.

 

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

About Risk 

Fund share values are 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 or other conditions. 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.


1. Russell 1000 Growth Index is an unmanaged index of U.S. large-cap growth stocks. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund.
2. Source: Fund prospectus.
3. Net expense ratio reflects a contractual expense reimbursement that continues through 6/30/13. Without the reimbursement, performance would have been lower.
6. The Morningstar™ Large Growth Category includes funds that invest primarily in U.S. large-cap companies with growth characteristics such as high earnings growth and high valuations (high price ratios and low dividend yields).
7. A portion of the Fund's returns may be comprised of return of capital or short term capital gains. The Fund will determine the tax characteristics of all Fund distributions after the end of the calendar year and will provide shareholders such information at that time. Please consult your tax advisor for further information.

Portfolio

Asset Mix (%)4 as of Mar 31, 2013

U.S. Common Stocks 93.96
Foreign Common Stocks 2.41
Cash & Equivalents 3.63
Total 100.00

Portfolio Statistics as of Mar 31, 2013

Average Market Cap $79.4B
Price/Earnings Ratio 17.06
Number of Holdings 37
Price/Book Ratio 3.22


GICS Sector Breakdown (%)4 as of Mar 31, 2013

Sector Fund Russell 1000 Growth Index1
Consumer Discretionary 14.91 16.88
Consumer Staples 11.47 12.91
Energy 4.30 4.22
Financials 4.24 4.86
Health Care 14.62 12.85
Industrials 11.84 12.94
Information Technology 31.63 28.95
Materials 3.34 3.89
Telecom Services 0.00 2.30
Utilities 0.00 0.21
Cash 3.65 0.00

Assets by Country (%)4 as of Mar 31, 2013

United States 93.96
Switzerland 2.41
Cash 3.63
Total 100.00


Fund Holdings (%)4,8 as of Apr 30, 2013

Holding % of Net Assets
EV Cash Reserves Fund 5.16%
Apple Inc 4.95%
Citigroup Inc 4.44%
Gilead Sciences Inc 4.42%
Google Inc 3.99%
Qualcomm Inc 3.89%
Amazon.com Inc 3.45%
United Technologies Corp 3.30%
Facebook Inc 3.29%
Abbott Laboratories 3.28%
View All

 

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

About Risk 

Fund share values are 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 or other conditions. 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.


1. Russell 1000 Growth Index is an unmanaged index of U.S. large-cap growth stocks. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund.
4. Percent of total net assets.
8. The following list reflects unaudited securities holdings (excluding derivatives positions). Holdings information may differ if presented as of trade date. Due to rounding, holdings of less than 0.005% may show as 0.00%. Portfolio information subject to change due to active management.

Insights & Analysis

Quarterly Commentary

 

No commentary information is available.

 

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

About Risk 

Fund share values are 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 or other conditions. 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.


Attribution

 

No attribution information is available.

 

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

About Risk 

Fund share values are 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 or other conditions. 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

Biography
Lewis R. Piantedosi

Lewis R. Piantedosi

Vice President, Eaton Vance Management
Joined Eaton Vance 1999

Lew Piantedosi is a vice president of Eaton Vance Management, a member of the Equity Strategy Committee, and lead portfolio manager on Eaton Vance's large-cap growth and focused large-cap growth teams.

Lew joined Eaton Vance in 1999 after serving as partner, portfolio manager and equity analyst with Freedom Capital Management. He had previously been associated with Eaton Vance Management as a research analyst from 1993 to 1996 and rejoined the company in his current position in 1999.

Lew earned a B.A. in economics from Framingham State College and an M.B.A. with a concentration in finance from Bentley College.

His commentary has appeared in Barron's, Bloomberg TV, The Boston Globe, Business Week, The New York Times, The Pittsburgh Post-Gazette, SmartMoney, Standard & Poor's, Toronto Globe & Mail and The Wall Street Journal, among other publications.

Education
  • B.A. Framingham State College
  • M.B.A McCallum Graduate School of Business, Bentley College
Experience
  • Managed Fund since inception
 
Biography
Yana S. Barton, CFA

Yana S. Barton, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 1997

Yana Barton is a vice president of Eaton Vance Management, a member of the Equity Strategy Committee, and portfolio manager on Eaton Vance's large-cap growth and focused large-cap growth teams.

Yana began her career in the investment management industry when she joined Eaton Vance in 1997 as an equity research associate.

Yana earned a B.S. in business administration with a minor in economics from the University of Florida. She is a CFA charterholder and is a member of the Boston Security Analysts Society and the CFA Institute.

Education
  • B.S.B.A., The University of Florida
Experience
  • Managed Fund since inception
 

Fund Literature

Fund Literature

Holdings-1st or 3rd fiscal quarters-www.sec.gov

Fact Sheet

Think Performance Think Eaton Vance.pdf

Summary Prospectus

Full Prospectus

XBRL

Annual Report

Semi-Annual Report

SAI

Actively Managed Equities


 

Symbol:  

NAV as of  
  0.00%

Consider for:
Portfolio Diversification
All Weather
Hedging Rising Rates
Tax Efficiency
Inflation Protection
Investment Income