Overview

Growth of $10,000

10-year period ended 06/30/2016

  • Class A at NAV

Historical Returns (%)as of Jun 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2016
Fund at NAV 0.88 3.61 8.12 2.24 6.71 9.01 6.92
Fund w/Max Sales Charge -4.94 -2.32 1.91 -3.66 4.63 7.72 6.29
Russell 2500 Index2 0.80 6.01 10.27 8.79 9.61 13.54 8.02
06/30/2016
Fund at NAV -0.11 1.74 4.23 -6.20 7.53 5.98 6.44
Fund w/Max Sales Charge -5.83 -4.11 -1.75 -11.60 5.43 4.74 5.81
Russell 2500 Index2 -0.04 3.57 3.98 -3.67 8.60 9.47 7.31
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. Max Sales Charge: 5.75%.

Fund Factsas of Aug 31, 2016

Class A Inception 04/22/1968
Investment Objective Growth of capital
Total Net Assets $39.4M
Minimum Investment $1000
Expense Ratio3 1.32%
CUSIP 277905105

Top 10 Holdings (%)4,5as of Jun 30, 2016

Pinnacle Foods Inc
Balchem Corp
ServiceMaster Global Holdings Inc
Helen of Troy Ltd
Federal Realty Investment Trust
ICU Medical Inc
Multi-Color Corp
CubeSmart
Hexcel Corp
First American Financial Corp
Total 22.68

Portfolio Management

J. Griffith Noble, CFA Managed Fund since 2015
Michael D. McLean, CFA Managed Fund since 2015

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

About Risk 

Fund performance is 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.


Performance

Historical Returns (%)as of Jun 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2016
Fund at NAV 0.88 3.61 8.12 2.24 6.71 9.01 6.92
Fund w/Max Sales Charge -4.94 -2.32 1.91 -3.66 4.63 7.72 6.29
Russell 2500 Index2 0.80 6.01 10.27 8.79 9.61 13.54 8.02
Morningstar™ Mid-Cap Growth Category6 0.12 3.88 4.72 3.37 8.14 11.43 7.53
06/30/2016
Fund at NAV -0.11 1.74 4.23 -6.20 7.53 5.98 6.44
Fund w/Max Sales Charge -5.83 -4.11 -1.75 -11.60 5.43 4.74 5.81
Russell 2500 Index2 -0.04 3.57 3.98 -3.67 8.60 9.47 7.31
Morningstar™ Mid-Cap Growth Category6 -0.78 1.98 0.04 -6.43 8.21 7.93 6.79
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. Max Sales Charge: 5.75%.

Calendar Year Returns (%)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Fund at NAV 16.97 22.17 -42.02 35.08 23.95 -4.33 6.62 36.54 1.77 -2.99
Russell 2500 Index2 16.17 1.38 -36.79 34.39 26.71 -2.51 17.88 36.80 7.07 -2.90

Fund Facts

Expense Ratio3 1.32%
Class A Inception 04/22/1968
Distribution Frequency Annually

Risk Measures (3 Year)7as of Aug 31, 2016

Alpha (%) -1.85
Beta 0.91
R-Squared (%) 90.11
Standard Deviation (%) 12.73
Sharpe Ratio 0.52

Morningstar™ Ratingsas of Aug 31, 2016

Time Period Rating Rating (Load Waived) Funds in
Mid-Cap Growth
Category
Overall ** ** 662
3 Years ** *** 662
5 Years ** ** 582
10 Years ** ** 433
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.

© 2016 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
Sep 26, 2016 $20.28 -$0.11
Sep 23, 2016 $20.39 -$0.15
Sep 22, 2016 $20.54 $0.20
Sep 21, 2016 $20.34 $0.19
Sep 20, 2016 $20.15 -$0.07
Sep 19, 2016 $20.22 $0.08
Sep 16, 2016 $20.14 -$0.08
Sep 15, 2016 $20.22 $0.23
Sep 14, 2016 $19.99 -$0.04
Sep 13, 2016 $20.03 -$0.39
View All

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
Jun 15, 2016 $0.52370 $19.71
Dec 23, 2015 $2.26000 $19.75
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 

Fund performance is 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.


Portfolio

Asset Mix (%)5,9as of Jun 30, 2016

U.S. Common Stocks 98.42
Cash 1.58
Total 100.00

Portfolio Statisticsas of Jun 30, 2016

Average Market Cap $4.7B
Price/Earnings Ratio 19.55
Number of Holdings 75
Price/Book Ratio 2.64

GICS Sector Breakdown (%)5as of Jun 30, 2016

Sector Fund Russell 2500 Index2
Consumer Discretionary 11.36 13.13
Consumer Staples 5.04 3.55
Energy 4.97 4.44
Financials 21.99 26.36
Health Care 16.41 11.39
Industrials 18.28 14.66
Information Technology 13.58 14.85
Materials 4.52 5.84
Telecom Services 0.00 0.77
Utilities 2.26 5.01
Cash 1.58 0.00

Fund Holdings (%)5,10as of Jun 30, 2016

Holding % of Net Assets
Pinnacle Foods Inc 3.01%
Balchem Corp 2.75%
ServiceMaster Global Holdings Inc 2.63%
Helen of Troy Ltd 2.17%
Federal Realty Investment Trust 2.12%
ICU Medical Inc 2.06%
Multi-Color Corp 2.00%
CubeSmart 1.99%
Hexcel Corp 1.97%
First American Financial Corp 1.97%
View All

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

About Risk 

Fund performance is 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.


Insights & Analysis

Commentary

No commentary information is currently available.

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

About Risk 

Fund performance is 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 currently available.

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

About Risk 

Fund performance is 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

J. Griffith Noble, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2012

J. Griffith Noble is a vice president of Eaton Vance Management and a portfolio manager and equity analyst on Eaton Vance’s small-/midcap team. He is responsible for coverage of the energy and industrials sectors. He joined Eaton Vance in 2012.

Griff began his career in the investment management industry in 1996. Before joining Eaton Vance, Griff was an equity analyst with BlackRock, Inc. Previously, he was associated with Byram Capital Management, Emerson Investment Management, Deutsche Asset Management and Putnam Investments.

Griff earned a B.S. from the University of Vermont and an MBA from Babson College. He is a member of the Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.S. University of Vermont
  • M.B.A. Babson College
Experience
  • Managed Fund since 2015
Biography
Michael D. McLean, CFA

Michael D. McLean, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2001

Michael McLean is a vice president of Eaton Vance Management and a portfolio manager and equity analyst on Eaton Vance’s small-/midcap team. He is responsible for coverage of the consumer discretionary and consumer staples sectors. He began his career in the investment management industry with Eaton Vance in 2001.

Mike earned a B.S. from Providence College. He is a CFA charterholder.

Education
  • B.S. Providence College
Experience
  • Managed Fund since 2015

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2016

Annual Report

Download - Last updated: Dec 31, 2015

Full Prospectus

Download - Last updated: May 1, 2016

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

Download

SAI

Download - Last updated: May 1, 2016

Semi-Annual Report

Download - Last updated: Jun 30, 2016

Summary Prospectus

Download - Last updated: May 1, 2016

XBRL

Download - Last updated: May 12, 2016