Overview

Tax-Managed Growth Fund 1.2 Hero Image

The Fund has not paid a capital gain since its inception.1

Tax-managed equity investing can help cushion the effect of future increases in income tax and capital gains rates.

Historical Returns (%) as of Sep 30, 2021

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 individual federal income tax rates in effect at the time of the distributions 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 Facts as of Oct 31, 2021

Class A Inception 02/28/2001
Performance Inception 03/29/1966
Investment Objective Long-term, after-tax return
Total Net Assets3 $5.0B
Expense Ratio4 0.92%
CUSIP 277911483

Top 10 Holdings (%)5,6 as of Oct 31, 2021

Apple Inc 5.13
Microsoft Corp 4.15
Amazon.com Inc 3.92
Alphabet Inc - CL C 3.52
Alphabet Inc - CL A 2.62
Meta Platforms Inc 2.60
JPMorgan Chase & Co 2.00
NVIDIA Corp 1.84
Walt Disney Co 1.62
Eli Lilly & Co 1.60
Total 28.99
 

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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. 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 by tax legislation regulation or interpretation. 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 Sep 30, 2021

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 individual federal income tax rates in effect at the time of the distributions 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 (%)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Fund at NAV 0.20 14.87 31.76 12.10 2.03 8.48 22.15 -5.50 29.28 22.84
S&P 500® Index2 2.11 16.00 32.39 13.69 1.38 11.96 21.83 -4.38 31.49 18.40
 

Fund Facts

Expense Ratio4 0.92%
Class A Inception 02/28/2001
Performance Inception 03/29/1966
Distribution Frequency Annually

Risk Measures (3 Year)8 as of Oct 31, 2021

Alpha (%) -0.72
Beta 1.03
R-Squared (%) 98.86
Standard Deviation (%) 19.09
Sharpe Ratio 1.05
 

Morningstar Rating™ as of Oct 31, 2021

Time Period Rating Funds in
Large Growth
Category
Overall 1137
3 Years 1137
5 Years 1032
10 Years 763
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.

©2021 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 24, 2021 $41.92 $0.11
Nov 23, 2021 $41.81 $0.01
Nov 22, 2021 $41.80 -$0.27
Nov 19, 2021 $42.07 -$0.12
Nov 18, 2021 $42.19 $0.11
Nov 17, 2021 $42.08 -$0.15
Nov 16, 2021 $42.23 $0.19
Nov 15, 2021 $42.04 -$0.02
Nov 12, 2021 $42.06 $0.37
Nov 11, 2021 $41.69 -$0.03
 

Distribution History9

Ex-Date Distribution Reinvest NAV
Dec 21, 2020 $0.16230 $33.58
Dec 19, 2019 $0.19250 $27.61
Dec 19, 2018 $0.16180 $21.54
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 History9

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

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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. 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 by tax legislation regulation or interpretation. 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 (%)6,10 as of Oct 31, 2021

Portfolio Statistics as of Oct 31, 2021

Average Market Cap $583.7B
Price/Earnings Ratio 23.00
Number of Issuers 691
Price/Book Ratio 5.24
Active Share11 36.56%
 

GICS Sector Breakdown (%)6 as of Oct 31, 2021

 

Fund Holdings (%)6,12 as of Sep 30, 2021

Holding % of Net Assets
Apple Inc 5.14%
Amazon.com Inc 4.05%
Microsoft Corp 3.74%
Alphabet Inc - CL C 3.36%
Facebook Inc 2.92%
Alphabet Inc - CL A 2.51%
JPMorgan Chase & Co 2.04%
Walt Disney Co 1.72%
Berkshire Hathaway Inc 1.59%
NVIDIA Corp 1.58%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

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. 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 by tax legislation regulation or interpretation. 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

Yana S. Barton, CFA

Yana S. Barton, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 1997

Biography

Yana Barton is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s growth team. She is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s growth equity strategies. She is a member of the firm’s Equity Strategy Committee. She began her career in the investment management industry with Eaton Vance in 1997.

Yana earned a B.S. from the University of Florida. She is a member of the CFA Society of Boston and is a CFA charterholder.

Education
  • B.S. University of Florida

Experience
  • Managed Fund since 2008

 
Kenneth D. Zinner, CFA

Kenneth D. Zinner, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2011

Biography

Kenneth Zinner is a vice president of Eaton Vance Management and portfolio manager on 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. In addition, he covers the specialty retail, multiline retail, food and staples retailing, hotels, restaurants and leisure, household durables, textiles, apparel and luxury goods, and internet and catalog retail industries. He joined Eaton Vance in 2011.

Ken began his career in the investment management industry in 1998. Before joining Eaton Vance, he was affiliated with Invesco, most recently as a senior equity analyst.

Ken earned a B.A. from Brandeis University and an MBA from The University of Texas at Austin McCombs School of Business. He is a CFA charterholder.

Education
  • B.A. Brandeis University
  • M.B.A. University of Texas

Experience
  • Managed Fund since 2021

 

Literature

Literature

Fact Sheet

Download Fact Sheet - Last updated: Sep 30, 2021

Annual Report

Download Annual Report - Last updated: Dec 31, 2020

Full Prospectus

Download Full Prospectus - Last updated: May 1, 2021

Q1 Holdings

Download Q1 Holdings - Last updated: Mar 31, 2021

Q3 Holdings

Download Q3 Holdings - Last updated: Sep 30, 2021

Holdings - Form N-PORT

Download Holdings - Form N-PORT

Eaton Vance Announces Upcoming Retirement of Michael A. Allison

Download Eaton Vance Announces Upcoming Retirement of Michael A. Allison - Last updated: May 13, 2021

SAI

Download SAI - Last updated: May 1, 2021

Semi-Annual Report

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

Summary Prospectus

Download Summary Prospectus - Last updated: May 1, 2021