Overview

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

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
4/30/2013
Fund at NAV -2.93 2.12 9.84 7.85 7.43 2.04 8.11
Fund w/Max Sales Charge -8.50 -3.77 3.54 1.65 5.33 0.85 7.48
Russell 2500 Index1 0.31 5.95 13.20 18.96 12.94 7.95 11.37
3/31/2013
Fund at NAV 3.90 13.16 13.16 9.39 10.32 4.02 9.22
Fund w/Max Sales Charge -2.08 6.67 6.67 3.08 8.16 2.79 8.57
Russell 2500 Index1 4.43 12.85 12.85 17.73 14.57 9.02 12.29
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 Apr 30, 2013

Class A Inception 04/22/1968
Investment Objective Growth of capital
Total Net Assets of Fund $53.2M
Minimum Investment $1000
Expense Ratio2 1.43%
CUSIP 277905105

Top 10 Holdings (%)3,4 as of Mar 31, 2013

Church & Dwight Co Inc
First Republic Bank/CA
Perrigo Co
Affiliated Managers Group Inc
Kirby Corp
Flowers Foods Inc
GNC Holdings Inc
Teradata Corp
WR Berkley Corp
Colfax Corp
Total 23.77


Portfolio Management

Nancy B. Tooke, CFA Managed Fund since 2006

 

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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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 2500 Index is an unmanaged index of approximately 2,500 small- and mid-cap U.S. 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. Percent of total net assets.
4. 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 10 Years
4/30/2013
Fund at NAV -2.93 2.12 9.84 7.85 7.43 2.04 8.11
Fund w/Max Sales Charge -8.50 -3.77 3.54 1.65 5.33 0.85 7.48
Russell 2500 Index1 0.31 5.95 13.20 18.96 12.94 7.95 11.37
3/31/2013
Fund at NAV 3.90 13.16 13.16 9.39 10.32 4.02 9.22
Fund w/Max Sales Charge -2.08 6.67 6.67 3.08 8.16 2.79 8.57
Russell 2500 Index1 4.43 12.85 12.85 17.73 14.57 9.02 12.29
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 30.95 3.72 6.96 16.97 22.17 -42.02 35.08 23.95 -4.33 6.62
Russell 2500 Index1 45.51 18.29 8.11 16.17 1.38 -36.79 34.39 26.71 -2.51 17.88

Fund Facts

Expense Ratio2 1.43%
Class A Inception 04/22/1968
Distribution Frequency Annually


Risk Measures (3 Year)5 as of Apr 30, 2013

Alpha -3.45
Beta 0.87
R-Squared 92.71
Standard Deviation 16.96
Sharpe Ratio 0.43


Morningstar™ Ratings as of Apr 30, 2013

Time Period Rating Rating (Load Waived) Funds in
Mid-Cap Growth
Category
Overall * ** 642
3 Years * ** 642
5 Years * ** 559
10 Years ** ** 412
Based on Risk-Adjusted Returns.

The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.

© 2013 Morningstar, Inc. 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 is responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in the same category. This measure takes into account variations in a fund's monthly performance after adjusting for sales loads (except for load-waived A shares) redemption fees, and the risk-free rate, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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. Load-waived A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load. The Morningstar Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structure.

NAV History

Date NAV NAV Change
May 16, 2013 $18.57 $-0.08
May 15, 2013 $18.65 $0.13
May 14, 2013 $18.52 $0.21
May 13, 2013 $18.31 $-0.07
May 10, 2013 $18.38 $0.13
May 09, 2013 $18.25 $0.01
May 08, 2013 $18.24 $0.09
May 07, 2013 $18.15 $0.11
May 06, 2013 $18.04 $0.11
May 03, 2013 $17.93 $0.18

Distribution History6

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

Capital Gain History6

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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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 2500 Index is an unmanaged index of approximately 2,500 small- and mid-cap U.S. 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.
5. Alpha measures risk-adjusted performance, showing excess return delivered at the same risk level as the benchmark. Beta measures the volatility of a fund relative to the overall market. R—Squared represents the percentage of the portfolio's movement that can be explained by the general movement of the market. Standard deviation measures the historic volatility of a fund. Sharpe Ratio uses standard deviation and excess return to determine reward per unit of risk.
6. 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 (%)3 as of Mar 31, 2013

U.S. Common Stocks 94.55
Foreign Common Stocks 2.14
Cash & Equivalents 3.31
Total 100.00

Portfolio Statistics as of Mar 31, 2013

Median Market Cap $4.0B
Price/Earnings Ratio 17.43
Number of Holdings 60
Price/Book Ratio 2.90


GICS Sector Breakdown (%)3 as of Mar 31, 2013

Sector Fund Russell 2500 Index1
Consumer Discretionary 12.58 14.30
Consumer Staples 8.04 2.98
Energy 8.31 6.28
Financials 17.61 23.35
Health Care 8.15 10.34
Industrials 19.71 15.66
Information Technology 16.00 14.04
Materials 6.29 6.82
Telecom Services 0.00 1.15
Utilities 0.00 5.08
Cash 3.31 0.00


Fund Holdings (%)3,7 as of Dec 31, 2012

Holding % of Net Assets
Trimble Navigation Ltd 3.09%
Affiliated Managers Group Inc 2.91%
AMETEK Inc 2.74%
Quanta Services Inc 2.58%
GNC Holdings Inc 2.55%
Teradata Corp 2.54%
First Republic Bank/CA 2.50%
MEDNAX Inc 2.49%
Church & Dwight Co Inc 2.46%
Perrigo Co 2.44%
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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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 2500 Index is an unmanaged index of approximately 2,500 small- and mid-cap U.S. 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.
3. Percent of total net assets.
7. 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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies. 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
Nancy B. Tooke, CFA

Nancy B. Tooke, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2006

Nancy Tooke is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance's small-/mid-cap team. She also manages separate accounts for institutional and high-net-worth clients in both small- and mid-capitalization stocks.

Nancy began her investment career in 1969 with Brown Brothers Harriman & Co. and has since been affiliated with State Street Bank and Trust Co., Equitable Life Assurance Society, Baker Weeks & Co. and E.F. Hutton & Co. in a variety of investment management positions. Prior to joining Eaton Vance in 2006, she was senior managing director and portfolio manager for more than $800 million of small- and mid-capitalization institutional assets at ForstmannLeff Associates. Nancy began managing small- and mid-capitalization strategies at Wertheim Asset Management in 1989, continuing through an acquisition by Schroders, PLC in 1994 and a 2004 sale to ForstmannLeff.

Nancy earned a B.A. from Smith College.

Education
  • B.A. Smith College
Experience
  • Managed Fund since 2006
 

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

Annual Report

Semi-Annual Report

SAI

Opportunity Knocking: The long-term case for equity investing


 

Symbol:  

NAV as of  
  0.00%

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