Eaton Vance
Growth Fund
March 31, 2023
Portfolio of Investments (Unaudited)
Common Stocks — 99.5% |
Security | Shares | Value | |
Aerospace & Defense — 0.9% | |||
HEICO Corp. | 16,859 | $ 2,883,563 | |
$ 2,883,563 | |||
Automobile Components — 1.1% | |||
Aptiv PLC(1) | 31,285 | $ 3,509,864 | |
$ 3,509,864 | |||
Automobiles — 0.9% | |||
Tesla, Inc.(1) | 13,636 | $ 2,828,925 | |
$ 2,828,925 | |||
Beverages — 1.7% | |||
Coca-Cola Co. (The) | 86,384 | $ 5,358,400 | |
$ 5,358,400 | |||
Biotechnology — 1.2% | |||
AbbVie, Inc. | 23,990 | $ 3,823,286 | |
$ 3,823,286 | |||
Broadline Retail — 6.2% | |||
Amazon.com, Inc.(1) | 187,653 | $ 19,382,678 | |
$ 19,382,678 | |||
Building Products — 0.9% | |||
Trane Technologies PLC | 14,954 | $ 2,751,237 | |
$ 2,751,237 | |||
Capital Markets — 3.2% | |||
Intercontinental Exchange, Inc. | 33,367 | $ 3,479,844 | |
S&P Global, Inc. | 9,867 | 3,401,846 | |
Tradeweb Markets, Inc., Class A | 39,951 | 3,156,928 | |
$ 10,038,618 | |||
Chemicals — 0.3% | |||
Ecolab, Inc. | 4,688 | $ 776,005 | |
$ 776,005 | |||
Commercial Services & Supplies — 2.5% | |||
Copart, Inc.(1) | 50,620 | $ 3,807,130 | |
Waste Connections, Inc. | 27,701 | 3,852,378 | |
$ 7,659,508 |
Security | Shares | Value | |
Consumer Staples Distribution & Retail — 1.7% | |||
Sysco Corp. | 48,844 | $ 3,772,222 | |
Walmart, Inc. | 10,690 | 1,576,241 | |
$ 5,348,463 | |||
Electrical Equipment — 1.4% | |||
AMETEK, Inc. | 30,824 | $ 4,479,652 | |
$ 4,479,652 | |||
Entertainment — 1.8% | |||
Netflix, Inc.(1) | 9,959 | $ 3,440,635 | |
Walt Disney Co. (The)(1) | 20,668 | 2,069,487 | |
$ 5,510,122 | |||
Financial Services — 6.8% | |||
Shift4 Payments, Inc., Class A(1)(2) | 21,578 | $ 1,635,613 | |
Visa, Inc., Class A | 86,274 | 19,451,336 | |
$ 21,086,949 | |||
Food Products — 1.2% | |||
Mondelez International, Inc., Class A | 52,154 | $ 3,636,177 | |
$ 3,636,177 | |||
Ground Transportation — 0.7% | |||
Uber Technologies, Inc.(1) | 69,466 | $ 2,202,072 | |
$ 2,202,072 | |||
Health Care Equipment & Supplies — 3.6% | |||
Abbott Laboratories | 25,524 | $ 2,584,560 | |
Boston Scientific Corp.(1) | 31,391 | 1,570,492 | |
Intuitive Surgical, Inc.(1) | 20,928 | 5,346,476 | |
Stryker Corp. | 5,634 | 1,608,338 | |
$ 11,109,866 | |||
Health Care Providers & Services — 1.9% | |||
UnitedHealth Group, Inc. | 12,472 | $ 5,894,143 | |
$ 5,894,143 | |||
Hotels, Restaurants & Leisure — 1.4% | |||
Starbucks Corp. | 42,930 | $ 4,470,301 | |
$ 4,470,301 | |||
Interactive Media & Services — 7.5% | |||
Alphabet, Inc., Class A(1) | 163,899 | $ 17,001,243 | |
Alphabet, Inc., Class C(1) | 60,430 | 6,284,720 | |
$ 23,285,963 |
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Eaton Vance
Growth Fund
March 31, 2023
Portfolio of Investments (Unaudited) — continued
Security | Shares | Value | |
IT Services — 1.2% | |||
Accenture PLC, Class A | 13,073 | $ 3,736,394 | |
$ 3,736,394 | |||
Life Sciences Tools & Services — 3.7% | |||
Agilent Technologies, Inc. | 17,680 | $ 2,445,851 | |
Danaher Corp. | 6,710 | 1,691,188 | |
Illumina, Inc.(1) | 14,254 | 3,314,768 | |
Thermo Fisher Scientific, Inc. | 6,864 | 3,956,204 | |
$ 11,408,011 | |||
Oil, Gas & Consumable Fuels — 1.0% | |||
EOG Resources, Inc. | 25,953 | $ 2,974,992 | |
$ 2,974,992 | |||
Pharmaceuticals — 1.5% | |||
Eli Lilly & Co. | 13,689 | $ 4,701,076 | |
$ 4,701,076 | |||
Professional Services — 2.0% | |||
Booz Allen Hamilton Holding Corp. | 30,368 | $ 2,814,810 | |
TransUnion | 55,164 | 3,427,891 | |
$ 6,242,701 | |||
Real Estate Management & Development — 1.1% | |||
FirstService Corp.(2) | 24,084 | $ 3,395,603 | |
$ 3,395,603 | |||
Semiconductors & Semiconductor Equipment — 10.0% | |||
Analog Devices, Inc. | 34,991 | $ 6,900,925 | |
Lam Research Corp. | 11,633 | 6,166,886 | |
Micron Technology, Inc. | 50,640 | 3,055,618 | |
NVIDIA Corp. | 34,048 | 9,457,513 | |
QUALCOMM, Inc. | 44,156 | 5,633,422 | |
$ 31,214,364 | |||
Software — 19.1% | |||
Adobe, Inc.(1) | 24,421 | $ 9,411,121 | |
BILL Holdings, Inc.(1) | 8,028 | 651,392 | |
Intuit, Inc. | 19,948 | 8,893,417 | |
Microsoft Corp. | 95,603 | 27,562,345 | |
NICE, Ltd. ADR(1)(2) | 10,940 | 2,504,057 | |
Paycom Software, Inc.(1) | 11,124 | 3,381,807 | |
Salesforce, Inc.(1) | 25,525 | 5,099,384 | |
Zscaler, Inc.(1) | 15,322 | 1,790,069 | |
$ 59,293,592 |
Security | Shares | Value | |
Specialty Retail — 3.9% | |||
Home Depot, Inc. (The) | 11,215 | $ 3,309,771 | |
TJX Cos., Inc. (The) | 113,315 | 8,879,363 | |
$ 12,189,134 | |||
Technology Hardware, Storage & Peripherals — 8.1% | |||
Apple, Inc. | 152,169 | $ 25,092,668 | |
$ 25,092,668 | |||
Textiles, Apparel & Luxury Goods — 1.0% | |||
NIKE, Inc., Class B | 25,617 | $ 3,141,669 | |
$ 3,141,669 | |||
Total Common Stocks (identified cost $154,492,905) | $309,425,996 |
Short-Term Investments — 1.6% |
Affiliated Fund — 0.6% |
Security | Shares | Value | |
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 4.73%(3) | 1,939,743 | $ 1,939,743 | |
Total Affiliated Fund (identified cost $1,939,743) | $ 1,939,743 |
Securities Lending Collateral — 1.0% |
Security | Shares | Value | |
State Street Navigator Securities Lending Government Money Market Portfolio, 4.84%(4) | 2,931,674 | $ 2,931,674 | |
Total Securities Lending Collateral (identified cost $2,931,674) | $ 2,931,674 | ||
Total Short-Term Investments (identified cost $4,871,417) | $ 4,871,417 | ||
Total Investments — 101.1% (identified cost $159,364,322) | $314,297,413 | ||
Other Assets, Less Liabilities — (1.1)% | $ (3,300,257) | ||
Net Assets — 100.0% | $310,997,156 |
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Eaton Vance
Growth Fund
March 31, 2023
Portfolio of Investments (Unaudited) — continued
The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | |
(1) | Non-income producing security. |
(2) | All or a portion of this security was on loan at March 31, 2023. The aggregate market value of securities on loan at March 31, 2023 was $7,014,073 and the total market value of the collateral received by the Fund was $7,062,702, comprised of cash of $2,931,674 and U.S. government and/or agencies securities of $4,131,028. |
(3) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of March 31, 2023. |
(4) | Represents investment of cash collateral received in connection with securities lending. |
Abbreviations: | |
ADR | – American Depositary Receipt |
The Fund did not have any open derivative instruments at March 31, 2023.
Affiliated Investments
At March 31, 2023, the value of the Fund’s investment in funds that may be deemed to be affiliated was $1,939,743, which represents 0.6% of the Fund’s net assets. Transactions in such funds by the Fund for the fiscal year to date ended March 31, 2023 were as follows:
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Shares, end of period |
Short-Term Investments | ||||||||
Liquidity Fund, Institutional Class(1) | $344,907 | $8,797,542 | $(7,202,706) | $ — | $ — | $1,939,743 | $13,745 | 1,939,743 |
(1) | Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio. |
Fair Value Measurements
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
• | Level 1 – quoted prices in active markets for identical investments |
• | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments) |
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At March 31, 2023, the hierarchy of inputs used in valuing the Fund's investments, which are carried at value, were as follows:
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $309,425,996* | $ — | $ — | $309,425,996 |
Short-Term Investments: | ||||
Affiliated Fund | 1,939,743 | — | — | 1,939,743 |
Securities Lending Collateral | 2,931,674 | — | — | 2,931,674 |
Total Investments | $314,297,413 | $ — | $ — | $314,297,413 |
* | The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments. |
For information on the Fund's policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent financial statements included in its semiannual or annual report to shareholders.
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