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.
11/30/2017
Fund at NAV 2.34 6.26 24.37 24.08 9.91 13.77 6.05
Fund w/Max Sales Charge -3.55 0.15 17.20 16.94 7.77 12.44 5.43
Return After Taxes on Dist w/Max Sales Charge 16.94 7.77 12.44 5.14
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 9.59 6.02 9.96 4.28
Russell 3000® Growth Index1 3.03 8.56 28.65 30.25 12.94 17.02 9.81
09/30/2017
Fund at NAV 1.32 4.79 18.58 16.67 9.50 11.87 5.63
Fund w/Max Sales Charge -4.51 -1.24 11.75 9.96 7.36 10.56 5.01
Return After Taxes on Dist w/Max Sales Charge 9.96 7.36 10.56 4.72
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 5.64 5.70 8.40 3.94
Russell 3000® Growth Index1 1.62 5.93 20.43 21.87 12.64 15.17 9.03
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 Facts as of Nov 30, 2017

Class A Inception 06/30/2000
Investment Objective Long-term, after-tax return
Total Net Assets $82.6M
Total Net Assets of Portfolio2 $142.2M
Minimum Investment $1000
Expense Ratio3 1.40%
CUSIP 277911616

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

Amazon.com Inc
Facebook Inc
Alphabet Inc - CL C
Visa Inc
Alphabet Inc - CL A
Apple Inc
Netflix Inc
Celgene Corp
Adobe Systems Inc
Monolithic Power Systems Inc
Total 35.59
 

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. 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. 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. 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.
11/30/2017
Fund at NAV 2.34 6.26 24.37 24.08 9.91 13.77 6.05
Fund w/Max Sales Charge -3.55 0.15 17.20 16.94 7.77 12.44 5.43
Return After Taxes on Dist w/Max Sales Charge 16.94 7.77 12.44 5.14
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 9.59 6.02 9.96 4.28
Russell 3000® Growth Index1 3.03 8.56 28.65 30.25 12.94 17.02 9.81
Morningstar Large Growth Category6 2.55 7.25 26.87 27.69 10.53 15.25 8.19
09/30/2017
Fund at NAV 1.32 4.79 18.58 16.67 9.50 11.87 5.63
Fund w/Max Sales Charge -4.51 -1.24 11.75 9.96 7.36 10.56 5.01
Return After Taxes on Dist w/Max Sales Charge 9.96 7.36 10.56 4.72
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 5.64 5.70 8.40 3.94
Russell 3000® Growth Index1 1.62 5.93 20.43 21.87 12.64 15.17 9.03
Morningstar Large Growth Category6 1.41 5.29 19.85 19.75 10.36 13.70 7.55
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 31.12 -49.08 51.04 9.61 -1.96 11.01 34.72 6.35 5.62 1.76
Russell 3000® Growth Index1 11.40 -38.44 37.01 17.64 2.18 15.21 34.23 12.44 5.09 7.39
 

Fund Facts

Expense Ratio3 1.40%
Class A Inception 06/30/2000
Distribution Frequency Annually

Risk Measures (3 Year)7 as of Nov 30, 2017

Alpha (%) -3.41
Beta 1.07
R-Squared (%) 92.70
Standard Deviation (%) 11.99
Sharpe Ratio 0.80
 

Morningstar Rating™ as of Nov 30, 2017

Time Period Rating Funds in
Large Growth
Category
Overall ** 1226
3 Years *** 1226
5 Years ** 1110
10 Years * 786
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
Dec 11, 2017 $26.69 $0.08
Dec 08, 2017 $26.61 $0.15
Dec 07, 2017 $26.46 $0.20
Dec 06, 2017 $26.26 $0.10
Dec 05, 2017 $26.16 -$0.03
Dec 04, 2017 $26.19 -$0.29
Dec 01, 2017 $26.48 -$0.16
Nov 30, 2017 $26.64 $0.25
Nov 29, 2017 $26.39 -$0.40
Nov 28, 2017 $26.79
 

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
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. 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. 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. 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 (%)5,9 as of Sep 30, 2017

U.S. Common Stocks 97.36
Cash 2.64
Total 100.00

Portfolio Statistics as of Sep 30, 2017

Average Market Cap $172.5B
Price/Earnings Ratio 25.83
Number of Holdings 60
Price/Book Ratio 5.22
 

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

Sector Fund Russell 3000® Growth Index1
Consumer Discretionary 19.02 17.39
Consumer Staples 6.99 6.41
Energy 2.19 0.93
Financials 4.07 3.63
Health Care 15.66 14.65
Industrials 9.69 12.92
Information Technology 36.81 36.49
Materials 2.94 3.88
Real Estate 2.63
Telecom Services 1.00
Utilities 0.07
Cash 2.64
 

Fund Holdings (%)5,10 as of Oct 31, 2017

Holding % of Net Assets
Amazon.com Inc 6.43%
Facebook Inc 5.85%
Alphabet Inc - CL C 4.00%
Alphabet Inc - CL A 3.38%
Visa Inc 3.36%
Netflix Inc 3.20%
Adobe Systems Inc 3.18%
Monolithic Power Systems Inc 2.84%
salesforce.com Inc 2.52%
Charles Schwab Corp 2.22%
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. 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. 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. 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

Lewis R. Piantedosi

Lewis R. Piantedosi

Vice President, Eaton Vance Management
Joined Eaton Vance 1999

Biography

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

 
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 Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.S. University of Florida

Experience
  • Managed Fund since 2013

 

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