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 0.29 3.06 4.64 7.40 8.86 11.30 6.00
Fund w/Max Sales Charge -5.46 -2.89 -1.38 1.20 6.74 9.99 5.37
Return After Taxes on Dist w/Max Sales Charge -0.22 5.41 8.96 4.72
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 1.78 5.13 7.91 4.32
Russell 3000 Index1 0.26 4.45 8.01 11.44 11.72 14.44 7.59
06/30/2016
Fund at NAV -0.48 1.91 1.04 -0.35 8.62 8.34 5.77
Fund w/Max Sales Charge -6.23 -3.94 -4.77 -6.09 6.49 7.06 5.15
Return After Taxes on Dist w/Max Sales Charge -7.41 5.17 6.07 4.50
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge -2.37 4.99 5.56 4.15
Russell 3000 Index1 0.21 2.63 3.62 2.14 11.11 11.58 7.39
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. After-tax returns are calculated using certain assumptions, including using the highest historical individual federal income tax rates, and do not reflect the impact of state/local taxes. Actual after-tax returns depend on a shareholder's tax situation and the actual characterization of distributions and may differ from those shown. After-tax returns are not relevant to shareholders who hold shares in tax-deferred accounts or shares held by nontaxable entities. Return After Taxes on Distributions may be the same as Return Before Taxes for the same period because no taxable distributions were made during that period. Return After Taxes on Distributions and Sale of Fund Shares may be greater than or equal to Return After Taxes on Distributions for the same period because of losses realized on the sale of Fund shares. Before-tax and after-tax returns for other classes of shares offered by the Fund are different. Max Sales Charge: 5.75%.

Fund Factsas of Aug 31, 2016

Class A Inception 03/04/2002
Investment Objective Long-term, after-tax return
Total Net Assets $431.6M
Minimum Investment $1000
Expense Ratio2 1.33%
CUSIP 277911194

Top 10 Holdings (%)3,4as of Jun 30, 2016

iShares US Preferred Stock ETF
General Electric Co
Exxon Mobil Corp
JPMorgan Chase & Co
Johnson & Johnson
Wells Fargo & Co
Apple Inc
Facebook Inc
Amazon.com Inc
Alphabet Inc - CL C
Total 17.20

Portfolio Management

Lewis R. Piantedosi Managed Fund since 2013
John H. Croft, CFA Managed Fund since 2015

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund primarily invests in one or more affiliated investment companies (Portfolios) and may also invest directly. Unless otherwise noted, references to investments are to the aggregate holdings of the Fund, including its pro rata share of each Portfolio or Fund in which it invests.

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. Market conditions may limit the ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund's ability to utilize various tax-managed techniques may be curtailed or eliminated in the future by tax legislation or regulation. 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 0.29 3.06 4.64 7.40 8.86 11.30 6.00
Fund w/Max Sales Charge -5.46 -2.89 -1.38 1.20 6.74 9.99 5.37
Return After Taxes on Dist w/Max Sales Charge -0.22 5.41 8.96 4.72
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 1.78 5.13 7.91 4.32
Russell 3000 Index1 0.26 4.45 8.01 11.44 11.72 14.44 7.59
Morningstar™ Allocation--85%+ Equity Category5 0.37 3.65 5.64 6.35 7.23 9.77 4.99
06/30/2016
Fund at NAV -0.48 1.91 1.04 -0.35 8.62 8.34 5.77
Fund w/Max Sales Charge -6.23 -3.94 -4.77 -6.09 6.49 7.06 5.15
Return After Taxes on Dist w/Max Sales Charge -7.41 5.17 6.07 4.50
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge -2.37 4.99 5.56 4.15
Russell 3000 Index1 0.21 2.63 3.62 2.14 11.11 11.58 7.39
Morningstar™ Allocation--85%+ Equity Category5 -0.51 1.53 1.38 -3.22 6.67 6.87 4.66
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. After-tax returns are calculated using certain assumptions, including using the highest historical individual federal income tax rates, and do not reflect the impact of state/local taxes. Actual after-tax returns depend on a shareholder's tax situation and the actual characterization of distributions and may differ from those shown. After-tax returns are not relevant to shareholders who hold shares in tax-deferred accounts or shares held by nontaxable entities. Return After Taxes on Distributions may be the same as Return Before Taxes for the same period because no taxable distributions were made during that period. Return After Taxes on Distributions and Sale of Fund Shares may be greater than or equal to Return After Taxes on Distributions for the same period because of losses realized on the sale of Fund shares. Before-tax and after-tax returns for other classes of shares offered by the Fund are different. Max Sales Charge: 5.75%.

Calendar Year Returns (%)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Fund at NAV 18.12 14.11 -37.97 26.05 12.20 -3.25 14.10 30.37 7.05 1.03
Russell 3000 Index1 15.72 5.14 -37.31 28.34 16.93 1.03 16.42 33.55 12.56 0.48

Fund Facts

Expense Ratio2 1.33%
Class A Inception 03/04/2002
Distribution Frequency Annually

Risk Measures (3 Year)6as of Aug 31, 2016

Alpha (%) -1.69
Beta 0.91
R-Squared (%) 97.93
Standard Deviation (%) 10.25
Sharpe Ratio 0.86

Morningstar™ Ratingsas of Aug 31, 2016

Time Period Rating Rating (Load Waived) Funds in
Allocation--85%+ Equity
Category
Overall *** **** 150
3 Years *** ***** 150
5 Years *** **** 134
10 Years *** **** 101
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 $16.91 -$0.14
Sep 23, 2016 $17.05 -$0.11
Sep 22, 2016 $17.16 $0.12
Sep 21, 2016 $17.04 $0.16
Sep 20, 2016 $16.88 $0.02
Sep 19, 2016 $16.86 $0.01
Sep 16, 2016 $16.85 -$0.08
Sep 15, 2016 $16.93 $0.15
Sep 14, 2016 $16.78 -$0.01
Sep 13, 2016 $16.79 -$0.25
View All

Distribution History7

Ex-Date Distribution Reinvest NAV
Dec 23, 2015 $0.12340 $16.52
Dec 23, 2014 $0.10420 $17.41
Dec 23, 2013 $0.10040 $16.84
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
Dec 23, 2015 $0.91260 $16.52
Dec 23, 2014 $0.02270 $0.88380 $17.41
Dec 23, 2013 $0.07900 $0.58000 $16.84
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. Fund primarily invests in one or more affiliated investment companies (Portfolios) and may also invest directly. Unless otherwise noted, references to investments are to the aggregate holdings of the Fund, including its pro rata share of each Portfolio or Fund in which it invests.

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. Market conditions may limit the ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund's ability to utilize various tax-managed techniques may be curtailed or eliminated in the future by tax legislation or regulation. 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 (%)4,8as of Jun 30, 2016

U.S. Common Stocks 78.47
Preferred Stock & Other 10.89
Foreign Common Stocks 9.54
Cash 1.10
Total 100.00

Portfolio Statisticsas of Jun 30, 2016

Number of Holdings 1301

GICS Sector Breakdown (%)4as of Jun 30, 2016

Sector Fund Russell 3000 Index1
Consumer Discretionary 10.28 12.85
Consumer Staples 9.68 9.36
Energy 7.31 6.80
Financials 24.63 17.43
Health Care 13.33 14.45
Industrials 10.56 10.24
Information Technology 15.10 19.19
Materials 2.65 3.30
Telecom Services 1.70 2.66
Utilities 3.61 3.73
Cash 1.10 0.00

Portfolio Allocations (%)4as of Jun 30, 2016

Tax-Managed Growth Portfolio 31.07
Tax-Managed Value Portfolio 28.06
Tax-Managed Multi-Cap Growth Portfolio 11.89
Preferred Stock & Other 10.89
Tax-Managed Small-Cap Portfolio 10.63
Tax-Managed International Equity Portfolio 7.46

Fund Holdings (%)4,9as of Jul 31, 2016

Holding % of Net Assets
iShares US Preferred Stock ETF 3.80%
General Electric Co 1.89%
Exxon Mobil Corp 1.67%
JPMorgan Chase & Co 1.56%
Johnson & Johnson 1.43%
Wells Fargo & Co 1.38%
Facebook Inc 1.38%
Alphabet Inc - CL C 1.36%
Apple Inc 1.36%
EV Cash Reserves Fund 1.35%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund primarily invests in one or more affiliated investment companies (Portfolios) and may also invest directly. Unless otherwise noted, references to investments are to the aggregate holdings of the Fund, including its pro rata share of each Portfolio or Fund in which it invests.

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. Market conditions may limit the ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund's ability to utilize various tax-managed techniques may be curtailed or eliminated in the future by tax legislation or regulation. 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. Fund primarily invests in one or more affiliated investment companies (Portfolios) and may also invest directly. Unless otherwise noted, references to investments are to the aggregate holdings of the Fund, including its pro rata share of each Portfolio or Fund in which it invests.

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. Market conditions may limit the ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund's ability to utilize various tax-managed techniques may be curtailed or eliminated in the future by tax legislation or regulation. 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. Fund primarily invests in one or more affiliated investment companies (Portfolios) and may also invest directly. Unless otherwise noted, references to investments are to the aggregate holdings of the Fund, including its pro rata share of each Portfolio or Fund in which it invests.

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. Market conditions may limit the ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund's ability to utilize various tax-managed techniques may be curtailed or eliminated in the future by tax legislation or regulation. 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

Lewis Piantedosi is a vice president of Eaton Vance Management, portfolio manager and team leader of Eaton Vance’s growth team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s growth equity strategies. He is a member of the firm’s Equity Strategy Committee. He joined Eaton Vance in 1993.

Lew began his career in the investment management industry with Eaton Vance, where he worked for three years. He then served as partner, portfolio manager and equity analyst with Freedom Capital Management for another three years before rejoining Eaton Vance in 1999.

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 2013
Biography
John H. Croft, CFA

John H. Croft, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2004

John Croft is a vice president of Eaton Vance Management, director of credit research and portfolio manager on Eaton Vance’s investment-grade fixed-income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s investment-grade fixed-income strategies. He also leads the liability-driven investment (LDI) solutions effort. He joined Eaton Vance in 2004.

John began his career in the investment management industry in 1986. Before joining Eaton Vance, he was a credit analyst with Fidelity Management & Research Co.

John earned a B.A. from Colgate University and an MBA from the University of Chicago Graduate School of Business. He is a CFA charterholder.

Education
  • B.A. Colgate University
  • M.B.A. Booth School of Business, University of Chicago
Experience
  • Managed Fund since 2015

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2016

Annual Report

Download - Last updated: Oct 31, 2015

Full Prospectus

Download - Last updated: Mar 1, 2016

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

Download

SAI

Download - Last updated: Mar 1, 2016

Think Performance Think Eaton Vance

Download - Last updated: Jun 30, 2016

Semi-Annual Report

Download - Last updated: Apr 30, 2016

Summary Prospectus

Download - Last updated: Mar 1, 2016

XBRL

Download - Last updated: Mar 22, 2016