Overview

Growth of $10,000

10-year period ended 09/30/2017

  • Class A at NAV

Historical Returns (%)as of Sep 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
10/31/2017
Fund at NAV 1.90 4.11 13.84 19.49 7.12 11.25 4.14
Fund w/Max Sales Charge -3.10 -0.89 8.84 14.49 5.95 10.99 4.14
Return After Taxes on Dist w/Max Sales Charge 14.43 5.01 10.04 3.61
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 8.24 4.47 8.65 3.24
Russell 3000® Index2 2.18 4.88 16.40 23.98 10.52 15.11 7.60
09/30/2017
Fund at NAV 2.45 3.66 11.71 15.06 7.04 10.53 4.33
Fund w/Max Sales Charge -2.55 -1.34 6.71 10.06 5.86 10.26 4.33
Return After Taxes on Dist w/Max Sales Charge 10.01 4.92 9.31 3.80
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 5.73 4.41 8.05 3.41
Russell 3000® Index2 2.44 4.57 13.91 18.71 10.73 14.22 7.56
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%.

Fund Factsas of Oct 31, 2017

Class B Inception 03/04/2002
Investment Objective Long-term, after-tax return
Total Net Assets $478.3M
Minimum Investment $1000
Expense Ratio3 2.10%
CUSIP 277911186

Top 10 Holdings (%)4,5as of Sep 30, 2017

Apple Inc
JPMorgan Chase & Co
iShares US Preferred Stock ETF
Facebook Inc
Alphabet Inc - CL C
Wells Fargo & Co
Johnson & Johnson
Amazon.com Inc
Exxon Mobil Corp
Alphabet Inc - CL A
Total 16.17

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 Sep 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
10/31/2017
Fund at NAV 1.90 4.11 13.84 19.49 7.12 11.25 4.14
Fund w/Max Sales Charge -3.10 -0.89 8.84 14.49 5.95 10.99 4.14
Return After Taxes on Dist w/Max Sales Charge 14.43 5.01 10.04 3.61
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 8.24 4.47 8.65 3.24
Russell 3000® Index2 2.18 4.88 16.40 23.98 10.52 15.11 7.60
Morningstar Allocation--85%+ Equity Category6 1.63 3.79 15.36 20.64 7.35 11.35 5.04
09/30/2017
Fund at NAV 2.45 3.66 11.71 15.06 7.04 10.53 4.33
Fund w/Max Sales Charge -2.55 -1.34 6.71 10.06 5.86 10.26 4.33
Return After Taxes on Dist w/Max Sales Charge 10.01 4.92 9.31 3.80
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 5.73 4.41 8.05 3.41
Russell 3000® Index2 2.44 4.57 13.91 18.71 10.73 14.22 7.56
Morningstar Allocation--85%+ Equity Category6 2.28 4.19 13.50 16.02 7.40 10.73 5.18
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%.

Calendar Year Returns (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV 13.31 -38.45 25.07 11.41 -3.97 13.23 29.37 6.21 0.34 6.73
Russell 3000® Index2 5.14 -37.31 28.34 16.93 1.03 16.42 33.55 12.56 0.48 12.74

Fund Facts

Expense Ratio3 2.10%
Class B Inception 03/04/2002
Distribution Frequency Annually

Risk Measures (3 Year)7as of Oct 31, 2017

Alpha (%) -1.91
Beta 0.87
R-Squared (%) 98.00
Standard Deviation (%) 9.01
Sharpe Ratio 0.75

Morningstar Rating™as of Oct 31, 2017

Time Period Rating Funds in
Allocation--85%+ Equity
Category
Overall *** 156
3 Years *** 156
5 Years *** 131
10 Years ** 105
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.

©2017 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
Nov 21, 2017 $18.94 $0.11
Nov 20, 2017 $18.83 $0.03
Nov 17, 2017 $18.80 -$0.02
Nov 16, 2017 $18.82 $0.13
Nov 15, 2017 $18.69 -$0.09
Nov 14, 2017 $18.78 -$0.02
Nov 13, 2017 $18.80 $0.01
Nov 10, 2017 $18.79 -$0.02
Nov 09, 2017 $18.81 -$0.07
Nov 08, 2017 $18.88 $0.03

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 22, 2016 $0.03120 $16.59
Dec 23, 2015 $0.91260 $15.59
Dec 23, 2014 $0.88380 $16.49
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 (%)5,9as of Sep 30, 2017

U.S. Common Stocks 79.31
Preferred Stock & Other 10.72
Foreign Common Stocks 9.04
Cash 0.93
Total 100.00

Portfolio Statisticsas of Sep 30, 2017

Number of Holdings 1455

GICS Sector Breakdown (%)5as of Sep 30, 2017

Sector Fund Russell 3000® Index2
Consumer Discretionary 9.19 12.19
Consumer Staples 7.21 7.33
Energy 6.42 5.75
Financials 22.77 15.03
Health Care 12.05 13.97
Industrials 10.18 10.86
Information Technology 18.37 22.33
Materials 2.41 3.43
Real Estate 3.21 3.99
Telecom Services 1.57 1.99
Utilities 3.55 3.14
Other 2.13
Cash 0.93

Portfolio Allocations (%)5as of Sep 30, 2017

Tax-Managed Growth Portfolio 31.52
Tax-Managed Value Portfolio 27.10
Tax-Managed Multi-Cap Growth Portfolio 12.16
Tax-Managed Small-Cap Portfolio 11.07
Preferred Stock & Other 10.72
Tax-Managed International Equity Portfolio 7.43

Fund Holdings (%)5,10as of Sep 30, 2017

Holding % of Net Assets
Apple Inc 2.22%
JPMorgan Chase & Co 2.08%
iShares US Preferred Stock ETF 1.70%
Facebook Inc 1.66%
Alphabet Inc - CL C 1.48%
Wells Fargo & Co 1.48%
Johnson & Johnson 1.41%
Amazon.com Inc 1.40%
Exxon Mobil Corp 1.39%
Alphabet Inc - CL A 1.36%
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, director of growth equity and team leader of Eaton Vance's growth team, where he also serves as a portfolio manager. 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 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 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 and portfolio manager on Eaton Vance’s diversified fixed-income team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s diversified fixed-income strategies. 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: Sep 30, 2017

Annual Report

Download - Last updated: Oct 31, 2016

Full Prospectus

Download - Last updated: Mar 1, 2017

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

Download

SAI

Download - Last updated: Mar 1, 2017

Semi-Annual Report

Download - Last updated: Apr 30, 2017

Summary Prospectus

Download - Last updated: Mar 1, 2017

XBRL

Download - Last updated: Mar 21, 2017