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 Mar 31, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
05/31/2017
Fund at NAV 1.06 2.00 7.61 14.78 8.12 13.15 5.35
Fund w/Max Sales Charge 0.06 1.00 6.61 13.78 8.12 13.15 5.35
Return After Taxes on Dist w/Max Sales Charge 13.72 8.06 13.09 5.29
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 7.84 6.29 10.55 4.28
S&P 500 Index2 1.41 2.57 8.66 17.47 10.13 15.41 6.93
03/31/2017
Fund at NAV 0.05 5.56 5.56 14.77 8.25 11.15 5.86
Fund w/Max Sales Charge -0.95 4.56 4.56 13.77 8.25 11.15 5.86
Return After Taxes on Dist w/Max Sales Charge 13.71 8.19 11.09 5.80
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 7.84 6.40 8.89 4.71
S&P 500 Index2 0.12 6.07 6.07 17.17 10.36 13.29 7.50
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: 1%.

Fund Factsas of May 31, 2017

Class C 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 1.72%
CUSIP 277911467

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

Apple Inc
Facebook Inc
Amazon.com Inc
Alphabet Inc - CL C
Alphabet Inc - CL A
Wells Fargo & Co
JPMorgan Chase & Co
Exxon Mobil Corp
Johnson & Johnson
Intel Corp
Total 23.58

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 Mar 31, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
05/31/2017
Fund at NAV 1.06 2.00 7.61 14.78 8.12 13.15 5.35
Fund w/Max Sales Charge 0.06 1.00 6.61 13.78 8.12 13.15 5.35
Return After Taxes on Dist w/Max Sales Charge 13.72 8.06 13.09 5.29
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 7.84 6.29 10.55 4.28
S&P 500 Index2 1.41 2.57 8.66 17.47 10.13 15.41 6.93
Morningstar™ Large Blend Category7 1.09 2.21 7.82 16.05 8.08 13.99 5.98
03/31/2017
Fund at NAV 0.05 5.56 5.56 14.77 8.25 11.15 5.86
Fund w/Max Sales Charge -0.95 4.56 4.56 13.77 8.25 11.15 5.86
Return After Taxes on Dist w/Max Sales Charge 13.71 8.19 11.09 5.80
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 7.84 6.40 8.89 4.71
S&P 500 Index2 0.12 6.07 6.07 17.17 10.36 13.29 7.50
Morningstar™ Large Blend Category7 0.08 5.57 5.57 15.97 8.14 11.74 6.52
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: 1%.

Calendar Year Returns (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV 3.37 -33.65 21.75 11.28 -0.50 13.98 30.78 11.30 1.23 7.71
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 1.72%
Class C Inception 02/28/2001
Performance Inception 03/29/1966
Distribution Frequency Annually

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

Alpha (%) -1.85
Beta 1.00
R-Squared (%) 98.25
Standard Deviation (%) 10.49
Sharpe Ratio 0.75

Morningstar Rating™as of May 31, 2017

Time Period Rating Funds in
Large Blend
Category
Overall *** 1222
3 Years *** 1222
5 Years ** 1081
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
Jun 23, 2017 $20.19 $0.04
Jun 22, 2017 $20.15 -$0.01
Jun 21, 2017 $20.16 $0.01
Jun 20, 2017 $20.15 -$0.14
Jun 19, 2017 $20.29 $0.18
Jun 16, 2017 $20.11 -$0.02
Jun 15, 2017 $20.13 -$0.06
Jun 14, 2017 $20.19 -$0.02
Jun 13, 2017 $20.21 $0.11
Jun 12, 2017 $20.10 -$0.01

Distribution History9

Ex-Date Distribution Reinvest NAV
Dec 15, 2016 $0.04030 $18.77
Dec 17, 2015 $0.03970 $17.27
Dec 19, 2014 $0.03770 $17.17
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 May 31, 2017

U.S. Common Stocks 95.84
Foreign Common Stocks 2.30
Cash 1.86
Total 100.00

Portfolio Statisticsas of May 31, 2017

Average Market Cap $198.7B
Price/Earnings Ratio 19.16
Number of Issuers 468
Price/Book Ratio 3.36
Last Capital Gain Date Never

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

Sector Fund S&P 500 Index2
Consumer Discretionary 14.39 12.48
Consumer Staples 9.82 9.41
Energy 5.92 6.00
Financials 17.08 13.72
Health Care 12.54 13.89
Industrials 10.79 10.16
Information Technology 25.11 23.17
Materials 1.96 2.81
Real Estate 0.04 2.89
Telecom Services 0.27 2.21
Utilities 0.22 3.26
Cash 1.85

Fund Holdings (%)6,11as of Apr 30, 2017

Holding % of Net Assets
Apple Inc 3.64%
Facebook Inc 2.92%
Amazon.com Inc 2.32%
Wells Fargo & Co 2.22%
JPMorgan Chase & Co 2.18%
Alphabet Inc - CL C 2.17%
Exxon Mobil Corp 2.09%
Alphabet Inc - CL A 1.98%
Walt Disney Co 1.89%
Johnson & Johnson 1.86%
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 Mar 31, 2017

Global equity markets delivered solid gains in the first quarter of 2017 despite a pullback by U.S. stocks late in the period amid dimming prospects for President Donald Trump's pro-business agenda.

U.S. stocks advanced for much of the period, extending the rally that began with President Trump's election in November. Responding to continued economic growth, the U.S. Federal Reserve (the Fed) raised its benchmark interest rate in March and indicated that further rate hikes would be coming in 2017. Taking the Fed action as a vote of confidence in the U.S. economy, stocks rose following the rate hike. Bank stocks led the advance on expectations that bank earnings would benefit from higher rates. Strong manufacturing and jobs data also boosted equity markets. During February, the U.S. added 235,000 new jobs, topping forecasts, while the unemployment rate remained steady at 4.7%.

But U.S stocks reversed course after President Trump's health care bill was withdrawn from Congress. The health care failure raised concerns about the prospects for the president's future economic initiatives, including tax reduction and infrastructure spending. Equities recouped some of the lost ground in the final days of the three-month period.

Globally, signs of economic gains across a broad spectrum of regions encouraged investors during the period. In Asia, rising demand for semiconductors and other electronics boosted growth in the region's export-oriented economies. In Europe, positive economic data and receding political risks helped push stocks higher. Even countries long mired in recession, such as Russia and Brazil, showed signs of recovery during the period.

For the three-month period, the Dow Jones Industrial Average12 recorded a 5.19% gain, while the broader S&P 500 Index2 rose 6.07%. The technology-laden NASDAQ Index13 added 9.82%. Globally, the MSCI EAFE Index14 rose 7.25% 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 Fund (the Fund) underperformed its benchmark, the S&P 500 Index (the Index)2, for the quarter ended March 31, 2017, returning 5.82% for Class I shares at net asset value versus the Index's 6.07% return.

  • The Fund's underperformance relative to the Index was due to stock selection.
  • Of the 11 economic sectors in the Index, nine posted positive returns for the quarter. The Fund also had positive returns in nine sectors.
  • The top-performing economic sectors in the Index were information technology, consumer discretionary and health care. Meanwhile, the weakest-performing Index sectors were energy and telecommunication services. The quarter's sector leadership was a function of fundamental forces, as shares of companies with positive earnings surprises and corporate developments were rewarded most.

Historical Returns (%)as of Mar 31, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
Fund at NAV 0.05 5.56 5.56 14.77 8.25 11.15 5.86
Fund w/Max Sales Charge -0.95 4.56 4.56 13.77 8.25 11.15 5.86
Return After Taxes on Dist w/Max Sales Charge 13.71 8.19 11.09 5.80
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 7.84 6.40 8.89 4.71
S&P 500 Index2 0.12 6.07 6.07 17.17 10.36 13.29 7.50
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: 1%.

Fund Factsas of Mar 31, 2017

Class C Inception 02/28/2001
Performance Inception 03/29/1966
Expense Ratio4 1.72%

Contributors 

Consumer discretionary, telecommunications services and real estate were the Fund's top performing sectors versus the Index, thanks to both positive stock selection and allocation effects.

  • An overweight position in Facebook had the most meaningful contribution for the period. The company's exceptional ad platform delivered better-than-expected revenue and earnings. This top and bottom line acceleration was a function of growth in their mobile ad business.
  • Portfolio overweight Marriott International was a strong contributor to Fund performance. At the end of March, the company held an investor day that outlined the Starwood integration. Following this event, their shares rallied as several investors left believing there is substantial upside to the stock.
  • The Fund was underweight the telecommunications services company, Verizon. Being underweight was a relative advantage as Verizon's shares were punished after reporting a disappointing fourth quarter and guiding lower for the rest of 2017.

Detractors 

Financials, health care and information technology were the Fund's worst performing sectors versus the Index due to stock selection.

  • An investment in Qualcomm detracted from Fund relative returns for the period. Despite reporting quarterly revenue, earnings, and guidance that were nearly in line with market expectations, Qualcomm shares sold off. Investors' sentiment soured as their attention was fixated on the company's recent legal disputes.
  • Portfolio holding United Parcel Service's shares sunk following the announcement of fourth quarter earnings. The air freight company struggled to maintain its profitability levels. Several market participants became discouraged by the prospects of future margins as UPS may need to increase spending to stay competitive.
  • Despite reporting quarterly results that exceeded analyst expectations, Teva Pharmaceutical finished lower for the period. This underperformance can be attributed, in part, to some lack of clarity surrounding its management team and corporate strategy.

Investment Outlook And Fund Positioning 

Investors' attention will focus on the current administration's ability to deliver on its pro-growth promises such as tax reform, deregulation and infrastructure spending. The House of Representatives' recent disappointment on health care legislation may have created some suspicion over whether the new administration will be able to execute quickly on its agenda. We expect these challenges to have adverse effects on market sentiment, volatility and on specific sectors. The sectors that would be most negatively affected would be financials, energy and the cyclically oriented industrials. Ultimately, it is our belief that we will see progress on these new pro-growth reforms, but they will likely take time. In the meantime, we will look to take advantage of volatility as positive reward-to-risk opportunities present themselves.

Despite all of the noise coming from Washington, we believe that our strategy's secular growing companies will not be fundamentally affected. Across the market's 11 sectors, information technology and health care reported the most positive earnings surprises in the first quarter. Many of our highest conviction positions are in these two sectors. We continue to believe health care and information technology's prospects are not driven by policy hopes, but rather by unprecedented innovation, healthy underlying fundamentals and "megatrends" in the economy.

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

Apple Inc 3.66
Facebook Inc 2.77
Wells Fargo & Co 2.30
Amazon.com Inc 2.24
JPMorgan Chase & Co 2.21
Exxon Mobil Corp 2.11
Alphabet Inc - CL C 2.00
Johnson & Johnson 1.88
Walt Disney Co 1.86
Alphabet Inc - CL A 1.83
Total 22.85

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: Mar 31, 2017

Commentary

Download - Last updated: Mar 31, 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, 2016

Summary Prospectus

Download - Last updated: May 1, 2017

XBRL

Download - Last updated: May 10, 2017