Overview

Historical Returns (%) as of Mar 31, 2022

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 May 31, 2022

Class R Inception 07/31/2009
Performance Inception 09/09/2002
Investment Objective Total return
Total Net Assets $333.3M
Minimum Investment $1000
Expense Ratio (Gross)2,3 1.30%
Expense Ratio (Net)2,3 1.30%
CUSIP 277905428

Top 10 Holdings (%)4,5 as of Mar 31, 2022

Amazon.com Inc 8.67
Microsoft Corp 7.74
Apple Inc 6.15
Alphabet Inc - CL A 5.92
Visa Inc 4.99
Adobe Inc 2.95
Qualcomm Inc 2.76
Alphabet Inc - CL C 2.60
Intuit Inc 2.54
Micron Technology Inc 2.49
Total 46.81
 

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

About Risk: 

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. 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. A non-diversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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.


Performance

Historical Returns (%) as of Mar 31, 2022

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 (%)

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Fund at NAV 12.42 34.94 13.98 6.77 2.03 25.12 0.01 30.03 36.84 19.29
Russell 1000® Growth Index1 15.26 33.48 13.05 5.67 7.08 30.21 -1.51 36.39 38.49 27.60
 

Fund Facts

Expense Ratio (Gross)2,3 1.30%
Expense Ratio (Net)2,3 1.30%
Class R Inception 07/31/2009
Performance Inception 09/09/2002
Distribution Frequency Annually

Risk Measures (3 Year)7 as of May 31, 2022

Beta 0.98
Information Ratio -1.15
R-Squared (%) 96.27
Standard Deviation (%) 20.66
Sharpe Ratio 0.63
 

Morningstar Rating™ as of May 31, 2022

Time Period Rating Funds in
Large Growth
Category
Overall 1142
3 Years 1142
5 Years 1054
10 Years 777
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.

©2022 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
Jun 22, 2022 $26.58 $0.02
Jun 21, 2022 $26.56 $0.59
Jun 17, 2022 $25.97 $0.18
Jun 16, 2022 $25.79 -$0.96
Jun 15, 2022 $26.75 $0.56
Jun 14, 2022 $26.19 -$0.06
Jun 13, 2022 $26.25 -$1.15
Jun 10, 2022 $27.40 -$1.02
Jun 09, 2022 $28.42 -$0.77
Jun 08, 2022 $29.19 -$0.25
 

Distribution History8

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 History8

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 09, 2021 $0.02580 $3.33480 $37.60
Dec 10, 2020 $2.00600 $33.59
Aug 18, 2020 $0.50540 $31.74
Dec 03, 2019 $2.53810 $26.07
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.

About Risk: 

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. 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. A non-diversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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.


Portfolio

Asset Mix (%)5,9 as of Mar 31, 2022

Portfolio Statistics as of Mar 31, 2022

Average Market Cap $778.6B
Price/Earnings Ratio 24.72
Number of Holdings 62
Price/Book Ratio 6.68
Active Share10 55.94%
 

GICS Sector Breakdown (%)5 as of Mar 31, 2022

 

Fund Holdings (%)5,11 as of Apr 30, 2022

Holding % of Net Assets
Microsoft Corp 7.94%
Amazon.com Inc 7.53%
Apple Inc 6.32%
Alphabet Inc - CL A 5.53%
Visa Inc 5.46%
Adobe Inc 2.92%
Qualcomm Inc 2.87%
UnitedHealth Group Inc 2.61%
Intuit Inc 2.52%
Texas Instruments Inc 2.52%
View All

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

About Risk: 

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. 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. A non-diversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. 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.


Management

Lewis R. Piantedosi

Lewis R. Piantedosi

Managing Director, Portfolio Manager
Joined Eaton Vance 1999

Biography

Lew 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 Eaton Vance growth strategies. He joined Eaton Vance in 1993. Morgan Stanley acquired Eaton Vance in March 2021.

Lew began his career in the investment management industry in 1993. Prior to rejoining Eaton Vance in 1999, he served as partner, portfolio manager and equity analyst with Freedom Capital Management. Previously, he was a research analyst with Eaton Vance Management.

Lew earned a B.A. from Framingham State College and an MBA from Bentley University.

Education
  • B.A. Framingham State College
  • M.B.A McCallum Graduate School of Business, Bentley College

Experience
  • Managed Fund since inception

 
Douglas R. Rogers, CFA, CMT

Douglas R. Rogers, CFA, CMT

Executive Director, Portfolio Manager
Joined Eaton Vance 2001

Biography

Doug is an executive 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 Eaton Vance growth equity strategies. In addition, he covers the capital markets, consumer finance, diversified financial services, and internet software and services industries. He joined Eaton Vance in 2001. Morgan Stanley acquired Eaton Vance in March 2021.

Doug began his career in the investment management industry in 1999. Before joining Eaton Vance, he was a research analyst with Endeca Technologies Inc.

Doug earned a B.S. from the United States Naval Academy and an MBA from Harvard Business School. He holds the Chartered Market Technician (CMT®) designation and is a CFA charterholder.

Education
  • B.S. United States Naval Academy
  • M.B.A. Harvard University

Experience
  • Managed Fund since 2021

 

Literature

Literature

Fact Sheet

Download Fact Sheet - Last updated: Mar 31, 2022

Annual Report

Download Annual Report - Last updated: Dec 31, 2021

Full Prospectus

Download Full Prospectus - Last updated: May 1, 2022

Q1 Holdings

Download Q1 Holdings - Last updated: Mar 31, 2022

Q3 Holdings

Download Q3 Holdings - Last updated: Sep 30, 2021

Holdings - Form N-PORT

Download Holdings - Form N-PORT

SAI

Download SAI - Last updated: May 1, 2022

Semi-Annual Report

Download Semi-Annual Report - Last updated: Jun 30, 2021

Summary Prospectus

Download Summary Prospectus - Last updated: May 1, 2022