Overview

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 Jun 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2017
Fund at NAV 0.00 2.68 10.88 14.46 8.31 13.11 6.72
Fund w/Max Sales Charge -5.76 -3.21 4.51 7.90 6.20 11.78 6.09
Return After Taxes on Dist w/Max Sales Charge 7.68 5.97 11.55 5.88
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 4.63 4.76 9.38 4.87
S&P 500 Index2 0.31 3.01 11.93 16.23 9.53 14.33 7.61
06/30/2017
Fund at NAV 0.83 2.93 8.88 17.26 8.47 13.41 6.36
Fund w/Max Sales Charge -4.96 -3.00 2.63 10.50 6.34 12.07 5.73
Return After Taxes on Dist w/Max Sales Charge 10.26 6.12 11.84 5.53
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 6.11 4.88 9.63 4.58
S&P 500 Index2 0.62 3.09 9.34 17.90 9.60 14.62 7.18
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: 5.75%.

Fund Factsas of Aug 31, 2017

Class A Inception 02/28/2001
Performance Inception 03/29/1966
Investment Objective Long-term, after-tax return
Total Net Assets3 $3.1B
Minimum Investment $1000
Expense Ratio4 0.97%
CUSIP 277911483

Top 10 Holdings (%)5,6as of Aug 31, 2017

Apple Inc
Facebook Inc
Amazon.com Inc
Alphabet Inc - CL C
JPMorgan Chase & Co
Wells Fargo & Co
Alphabet Inc - CL A
Johnson & Johnson
Exxon Mobil Corp
Microsoft Corp
Total 23.53

Portfolio Management

Lewis R. Piantedosi Managed Fund since 2006
Yana S. Barton, CFA Managed Fund since 2008
Michael A. Allison, CFA Managed Fund since 2008

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: 

Fund performance 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 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, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
08/31/2017
Fund at NAV 0.00 2.68 10.88 14.46 8.31 13.11 6.72
Fund w/Max Sales Charge -5.76 -3.21 4.51 7.90 6.20 11.78 6.09
Return After Taxes on Dist w/Max Sales Charge 7.68 5.97 11.55 5.88
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 4.63 4.76 9.38 4.87
S&P 500 Index2 0.31 3.01 11.93 16.23 9.53 14.33 7.61
Morningstar Large Blend Category7 0.02 2.61 10.57 14.83 7.53 12.89 6.70
06/30/2017
Fund at NAV 0.83 2.93 8.88 17.26 8.47 13.41 6.36
Fund w/Max Sales Charge -4.96 -3.00 2.63 10.50 6.34 12.07 5.73
Return After Taxes on Dist w/Max Sales Charge 10.26 6.12 11.84 5.53
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 6.11 4.88 9.63 4.58
S&P 500 Index2 0.62 3.09 9.34 17.90 9.60 14.62 7.18
Morningstar Large Blend Category7 0.76 2.92 8.65 17.17 7.60 13.35 6.21
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 (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV 4.13 -33.10 22.59 12.15 0.20 14.87 31.76 12.10 2.03 8.48
S&P 500 Index2 5.49 -37.00 26.46 15.06 2.11 16.00 32.39 13.69 1.38 11.96

Fund Facts

Expense Ratio4 0.97%
Class A Inception 02/28/2001
Performance Inception 03/29/1966
Distribution Frequency Annually

Risk Measures (3 Year)8as of Aug 31, 2017

Alpha (%) -1.19
Beta 1.01
R-Squared (%) 98.24
Standard Deviation (%) 10.30
Sharpe Ratio 0.78

Morningstar Rating™as of Aug 31, 2017

Time Period Rating Funds in
Large Blend
Category
Overall *** 1231
3 Years *** 1231
5 Years *** 1094
10 Years *** 798
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
Sep 21, 2017 $21.44 -$0.05
Sep 20, 2017 $21.49 $0.03
Sep 19, 2017 $21.46 $0.05
Sep 18, 2017 $21.41 $0.05
Sep 15, 2017 $21.36 $0.03
Sep 14, 2017 $21.33 -$0.02
Sep 13, 2017 $21.35 $0.05
Sep 12, 2017 $21.30 $0.10
Sep 11, 2017 $21.20 $0.24
Sep 08, 2017 $20.96 -$0.05

Distribution History9

Ex-Date Distribution Reinvest NAV
Dec 15, 2016 $0.17230 $19.27
Dec 17, 2015 $0.16540 $17.71
Dec 19, 2014 $0.15730 $17.60
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: 

Fund performance 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 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 (%)6,10as of Aug 31, 2017

U.S. Common Stocks 96.08
Foreign Common Stocks 2.56
Cash 1.36
Total 100.00

Portfolio Statisticsas of Aug 31, 2017

Average Market Cap $205.2B
Price/Earnings Ratio 19.60
Number of Issuers 490
Price/Book Ratio 3.34
Last Capital Gain Date Never

GICS Sector Breakdown (%)6as of Aug 31, 2017

Sector Fund S&P 500 Index2
Consumer Discretionary 13.61 12.06
Consumer Staples 9.18 8.48
Energy 5.43 5.67
Financials 17.63 14.23
Health Care 13.41 14.66
Industrials 10.92 10.10
Information Technology 25.89 23.51
Materials 1.78 2.90
Real Estate 0.04 2.98
Telecom Services 0.26 2.14
Utilities 0.22 3.26
Cash 1.36

Fund Holdings (%)6,11as of Jul 31, 2017

Holding % of Net Assets
Apple Inc 3.57%
Facebook Inc 3.20%
Amazon.com Inc 2.43%
Alphabet Inc - CL C 2.20%
JPMorgan Chase & Co 2.17%
Wells Fargo & Co 2.10%
Exxon Mobil Corp 1.93%
Alphabet Inc - CL A 1.93%
Johnson & Johnson 1.91%
Microsoft Corp 1.72%
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: 

Fund performance 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 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

A Word On The Markets as of Jun 30, 2017

Global stock markets delivered solid results in the second quarter of 2017, as broad economic expansion continued to offset political uncertainties in some regions.

In the U.S., ongoing concerns about prospects for President Trump's economic policies restrained stocks during the first half of the three-month period. But equities subsequently shook off these worries amid positive economic data. In particular, manufacturing gains and a further decline in the jobless rate provided encouragement to investors. Consumer spending also rose, and would likely have been even higher but for the quarter's one flat note -- a continued decline in auto sales from their postrecession peak.

Amid the encouraging economic data, the U.S. Federal Reserve (Fed) in June raised interest rates for the third time since December 2016. The Fed also said it would start gradually selling off the securities it bought during and after the financial crisis to boost the economy.

On a global basis, stronger economic growth aided stocks in Europe and Japan. The election of a new government in France helped to ease political uncertainties, although an election setback for British Prime Minister Theresa May added to confusion about Britain's plans to exit the European Union. In China, the success of the government's stimulus policies led it to raise interest rates to avoid economic overheating. China's upswing helped boost growth elsewhere, particularly in emerging markets.

For the three-month period, the Dow Jones Industrial Average12 recorded a 3.95% gain, while the broader S&P 500 Index2 rose 3.09%. The technology-laden Nasdaq Composite Index13 rose 3.87%. Globally, the MSCI EAFE Index14 gained 6.12% in the quarter. Large-cap stocks outperformed their small-cap counterparts during the quarter. In terms of investing style, growth stocks topped value stocks in both the large-cap and small-cap categories.

Performance Summary 

Eaton Vance Tax Managed Growth Fund 1.2 (the Fund) slightly underperformed its benchmark, the S&P 500 Index (the Index), for the quarter ended June 30, 2017, returning 3.07% for Class I shares at net asset value versus the Index's 3.09% return.

  • The Fund's underperformance relative to the Index was due primarily to stock selection.
  • Of the 11 economic sectors in the Index, nine posted positive returns for the quarter. The Fund had positive returns in eight sectors.
  • Stock prices during the second quarter were primarily lifted by the reporting of stronger than expected first quarter results. According to FactSet Research, 75% of companies beat the average earnings per share estimate and 64% beat on revenue expectations. The reported earnings growth rate for Q1 2017 was 13.9%. This was a healthy acceleration that was applauded broadly by market participants.

Historical Returns (%)as of Jun 30, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
Fund at NAV 0.83 2.93 8.88 17.26 8.47 13.41 6.36
Fund w/Max Sales Charge -4.96 -3.00 2.63 10.50 6.34 12.07 5.73
Return After Taxes on Dist w/Max Sales Charge 10.26 6.12 11.84 5.53
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 6.11 4.88 9.63 4.58
S&P 500 Index2 0.62 3.09 9.34 17.90 9.60 14.62 7.18
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: 5.75%.

Fund Factsas of Jun 30, 2017

Class A Inception 02/28/2001
Performance Inception 03/29/1966
Expense Ratio4 0.97%

Contributors 

Stock selection was additive to relative performance in six of the 11 sectors. Selection contributions were strongest in the information technology, industrials and consumer staples sectors. The most meaningful contribution came from allocation effects in telecommunication services. The Fund was underweight this negative returning sector.

  • Success in telecommunications services came from having underweight exposures to the two of the largest telecommunications services companies in the index, AT&T and Verizon. Their share prices came under pressure as both companies have been fiercely competing with each other over data package offerings.
  • Portfolio overweight in Nestle was a contributor to relative performance. The stock rose following the announcement from an activist investor, Third Point, saying it initiated a position in the company. Third Point also provided a series of suggestions to the current management team. These suggestions included a strategy review, margin expansion initiatives and increases in share buybacks. Investors saw this development as a net positive for future value creation.
  • An overweight position in Boeing contributed to relative returns. During the period, the aerospace company's stock continued its grind higher. This price acceleration has been a function of increasing demand and improving margins.

Detractors 

Financials, energy, and health care were the Fund's worst performing sectors versus the Index due to stock selection. Sector allocation effects were also negative in health care and consumer staples.

  • Despite reporting better than expected revenue and earnings results, portfolio overweight Devon Energy Corporation finished lower for the quarter. The stock's negative return was largely a function of a sinking oil price.
  • Despite reporting first quarter earnings results that beat expectations, discount retailer TJX's shares sold off. The trading action was primarily a function of reductions in management's earnings guidance.
  • Portfolio overweight Walt Disney Company's shares fell after reporting revenue below analyst expectations. Concerns with the company's consumer products and cable network segments weighed on the stock.

Investment Outlook And Fund Positioning 

A key concern weighing on the market continues to be valuation. Domestic equities are expensive by historical standards. As active managers, we don't invest in the market, but rather in select companies and industries. We believe it is critical to focus on the merits of individual companies that are poised to deliver growth, but without paying too much for it. Additionally, the growth prospects of the businesses that we own are not driven by the policy hopes of the Trump administration, but rather by improving fundamentals, innovation and megatrends in the economy.

Our investments in several large-cap information technology companies are poised to continue benefitting from some of these megatrends. Many of those holdings have recently experienced volatility. We think the reaction by market commentators is overdone and this is a routine pullback for the stocks that have led in 2017. We believe the fundamental outlooks of the secular growers we own continue to be extremely positive, while valuations remain within a reasonable range. As long-term investors, we welcome the volatility and will look to take advantage of sell-offs in well-positioned companies.

Recent developments have further highlighted one of the developing growth trends we've been focused on for years, cybersecurity. With computers finding their way into everything (cars, phones, pacemakers, etc.), there are many more vulnerabilities to defend. As governments and companies seek to combat these threats, we see a multi-year growth opportunity for companies that can provide solutions.

Top 10 Holdings (%)5,6as of Jun 30, 2017

Apple Inc 3.50
Facebook Inc 2.89
Amazon.com Inc 2.41
JPMorgan Chase & Co 2.19
Wells Fargo & Co 2.19
Alphabet Inc - CL C 2.17
Exxon Mobil Corp 1.97
Johnson & Johnson 1.92
Alphabet Inc - CL A 1.92
Walt Disney Co 1.66
Total 22.83

The views expressed in this report are those of portfolio manager(s) and are current only through the date stated at the top of this page. These views are subject to change at any time based upon market or other conditions, and Eaton Vance disclaims any responsibility to update such views. These views may not be relied upon as investment advice and, because investment decisions are based on many factors, may not be relied upon as an indication of trading intent on behalf of any Eaton Vance fund. This commentary may contain statements that are not historical facts, referred to as "forward looking statements". The Fund's actual future results may differ significantly from those stated in any forward-looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of Fund shares, the continuation of investment advisory, administrative and service contracts, and other risks discussed from time to time in the Fund's filings with the Securities and Exchange Commission.

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: 

Fund performance 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 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 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: 

Fund performance 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 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 2006

Biography
Yana S. Barton, CFA

Yana S. Barton, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 1997

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 Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.S. University of Florida

Experience
  • Managed Fund since 2008

Biography
Michael A. Allison, CFA

Michael A. Allison, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2000

Michael Allison is a vice president of Eaton Vance Management, a director of equity strategy implementation and a structured equity portfolio manager on a number of Eaton Vance’s global and domestic equity income and tax-managed equity portfolios. On those funds, he is responsible for portfolio construction, tax oversight and risk management. He is a member of the firm’s Equity Strategy Committee. He joined Eaton Vance in 2000.

Mike began his career in the investment management industry in 1988. Before joining Eaton Vance, Mike was an equity analyst for Schroder Investment Management North America Inc. He was also affiliated with Fleet Investment Advisors and Phoenix Home Life Mutual Fund Insurance Co.

Mike earned a B.S.B.A. from the University of Denver. He is a member of the Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.S.B.A., The University of Denver

Experience
  • Managed Fund since 2008


Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2017

Commentary

Download - Last updated: Jun 30, 2017

Annual Report

Download - Last updated: Dec 31, 2016

Full Prospectus

Download - Last updated: May 1, 2017

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

Download

SAI

Download - Last updated: May 1, 2017

Semi-Annual Report

Download - Last updated: Jun 30, 2017

Summary Prospectus

Download - Last updated: May 1, 2017

XBRL

Download - Last updated: May 10, 2017