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– Release Delayed ·As Of Filer Filing For·On·As Docs:Size Issuer Agent 7/02/15 Eaton Vance Growth Trust N-14¶ 11:11M Evm Consolidated … Codes → Eaton Vance Atlanta Capital Horizon Growth Fund ⇒ 4 Classes/Contracts → Eaton Vance Atlanta Capital SMID-Cap Fund ⇒ 3 Classes/Contracts |
Document/Exhibit Description Pages Size 1: N-14 Growth Trust N-14 Initial Filing Dated 7-2-2015 HTML 498K 11: COVER ¶ Comment-Response or Cover Letter to the SEC HTML 7K 2: EX-99.11 Opinion of Internal Counsel Dtd 7-2-2015 HTML 12K 3: EX-99.14 Consent of Independent Registered Public HTML 11K Accounting Firm Dtd 7-2-2015 4: EX-99.17AI Prospectus - Atlanta Capital Funds HTML 380K 5: EX-99.17AII Sai - Atlanta Capital Funds HTML 716K 6: EX-99.17BI Semiannual Report - Atlanta Capital Horizon Growth HTML 474K Fund 7: EX-99.17BII Annual Report - Atlanta Capital Horizon Growth HTML 548K Fund 8: EX-99.17BIII Semiannual Report - Atlanta Capital Smid-Cap HTML 549K Fund 9: EX-99.17BIV Annual Report - Atlanta Capital Smid-Cap Fund HTML 602K 10: EX-99.17C Form of Proxy Card HTML 20K
Eaton Vance Mutual Funds Trust |
Eaton Vance
Atlanta Capital Horizon
Growth Fund
Semiannual Report
Commodity Futures Trading Commission Registration. Effective December 31, 2012, the Commodity Futures Trading Commission (“CFTC”) adopted certain regulatory changes that subject registered investment companies and advisers to regulation by the CFTC if a fund invests more than a prescribed level of its assets in certain CFTC-regulated instruments (including futures, certain options and swap agreements) or markets itself as providing investment exposure to such instruments. The Fund has claimed an exclusion from the definition of the term “commodity pool operator” under the Commodity Exchange Act. Accordingly, neither the Fund nor the adviser with respect to the operation of the Fund is subject to CFTC regulation. Because of its management of other strategies, the Fund’s adviser is registered with the CFTC as a commodity pool operator and a commodity trading advisor.
Fund shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Shares are subject to investment risks, including possible loss of principal invested.
This report must be preceded or accompanied by a current summary prospectus or prospectus. Before investing, investors should consider carefully the investment objective, risks, and charges and expenses of a mutual fund. This and other important information is contained in the summary prospectus and prospectus, which can be obtained from a financial advisor. Prospective investors should read the prospectus carefully before investing. For further information, please call 1-800-262-1122.
Semiannual Report March 31, 2015
Eaton Vance
Atlanta Capital Horizon Growth Fund
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Performance |
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| 2 |
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Fund Profile |
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| 2 |
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Endnotes and Additional Disclosures |
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| 3 |
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Fund Expenses |
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| 4 |
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Financial Statements |
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| 5 |
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Officers and Trustees |
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| 19 |
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Important Notices |
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| 20 |
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Eaton Vance
Atlanta Capital Horizon Growth Fund
Performance1,2
Portfolio Manager Richard B. England, CFA, of Atlanta Capital Management Company, LLC.
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% Average Annual Total Returns |
| Class |
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| Performance |
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| Six Months |
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| One Year |
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| Five Years |
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| Ten Years |
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Class A at NAV |
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| 03/04/2002 |
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| 03/04/2002 |
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| 6.60 | % |
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| 5.57 | % |
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| 11.00 | % |
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| 7.96 | % |
Class A with 5.75% Maximum Sales Charge |
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| — |
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| — |
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| 0.50 |
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| –0.48 |
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| 9.68 |
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| 7.32 |
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Class B at NAV |
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| 03/04/2002 |
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| 03/04/2002 |
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| 6.16 |
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| 4.76 |
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| 10.17 |
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| 7.15 |
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Class B with 5% Maximum Sales Charge |
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| — |
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| — |
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| 1.33 |
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| –0.01 |
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| 9.90 |
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| 7.15 |
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Class C at NAV |
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| 03/04/2002 |
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| 03/04/2002 |
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| 6.17 |
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| 4.76 |
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| 10.18 |
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| 7.14 |
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Class C with 1% Maximum Sales Charge |
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| — |
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| — |
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| 5.20 |
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| 3.81 |
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| 10.18 |
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| 7.14 |
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Class I at NAV |
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| 05/02/2011 |
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| 03/04/2002 |
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| 6.74 |
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| 5.85 |
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| 11.21 |
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| 8.06 |
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Russell Midcap Growth Index |
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| — |
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| — |
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| 11.53 | % |
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| 15.56 | % |
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| 16.42 | % |
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| 10.18 | % |
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% Total Annual Operating Expense Ratios3 |
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| Class A |
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| Class B |
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| Class C |
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| Class I |
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Gross |
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| 1.73 | % |
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| 2.48 | % |
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| 2.48 | % |
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| 1.48 | % |
Net |
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| 1.40 |
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| 2.15 |
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| 2.15 |
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| 1.15 |
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Fund Profile
Sector Allocation (% of net assets)4
Top 10 Holdings (% of net assets)4
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Catamaran Corp. |
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| 4.6 | % |
Affiliated Managers Group, Inc. |
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| 4.1 |
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Perrigo Co. PLC |
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| 4.0 |
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Waste Connections, Inc. |
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| 3.8 |
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Amphenol Corp., Class A |
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| 3.7 |
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Markel Corp. |
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| 3.5 |
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Nordstrom, Inc. |
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| 3.1 |
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Airgas, Inc. |
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| 3.1 |
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AMC Networks, Inc., Class A |
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| 2.8 |
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Ecolab, Inc. |
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| 2.8 |
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Total |
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| 35.5 | % |
See Endnotes and Additional Disclosures in this report.
Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) or offering price (as applicable) with all distributions reinvested. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance less than one year is cumulative. 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 before taxes unless otherwise noted. For performance as of the most recent month-end, please refer to eatonvance.com.
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| 2 |
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Eaton Vance
Atlanta Capital Horizon Growth Fund
Endnotes and Additional Disclosures
1 | Russell Midcap Growth Index is an unmanaged index of U.S. midcap growth stocks. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. |
2 | Total Returns at NAV do not include applicable sales charges. If sales charges were deducted, the returns would be lower. Total Returns shown with maximum sales charge reflect the stated maximum sales charge. Unless otherwise stated, performance does not reflect the deduction of taxes on Fund distributions or redemptions of Fund shares. |
| Performance prior to the inception date of a class may be linked to the performance of an older class of the Fund. This linked performance is adjusted for any applicable sales charge, but is not adjusted for class expense differences. If adjusted for such differences, the performance would be different. Performance presented in the financial highlights included in the financial statements is not linked. In the performance table, the performance of Class I is linked to Class A. Performance since inception for an index, if presented, is the performance since the Fund’s or oldest share class’ inception, as applicable. |
3 | Source: Fund prospectus. Net expense ratio reflects a contractual expense reimbursement that continues through 1/31/16. Without the reimbursement, if applicable, performance would have been lower. |
4 | Excludes cash and cash equivalents. |
| Fund profile subject to change due to active management. |
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| 3 |
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Eaton Vance
Atlanta Capital Horizon Growth Fund
Fund Expenses
Example: As a Fund shareholder, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchases and redemption fees (if applicable); and (2) ongoing costs, including management fees; distribution and/or service fees; and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of Fund investing and to compare these costs with the ongoing costs of investing in other mutual funds. The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (October 1, 2014 – March 31, 2015).
Actual Expenses: The first section of the table below provides information about actual account values and actual expenses. You may use the information in this section, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first section under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes: The second section of the table below provides information about hypothetical account values and hypothetical expenses based on the actual Fund expense ratio and an assumed rate of return of 5% per year (before expenses), which is not the actual Fund return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) or redemption fees (if applicable). Therefore, the second section of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher.
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| Beginning |
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| Ending |
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| Expenses Paid |
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| Annualized |
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Actual |
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Class A |
| $ | 1,000.00 |
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| $ | 1,066.00 |
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| $ | 7.21 | ** |
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| 1.40 | % |
Class B |
| $ | 1,000.00 |
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| $ | 1,061.60 |
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| $ | 11.05 | ** |
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| 2.15 | % |
Class C |
| $ | 1,000.00 |
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| $ | 1,061.70 |
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| $ | 11.05 | ** |
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| 2.15 | % |
Class I |
| $ | 1,000.00 |
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| $ | 1,067.40 |
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| $ | 5.93 | ** |
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| 1.15 | % |
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Hypothetical |
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(5% return per year before expenses) |
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Class A |
| $ | 1,000.00 |
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| $ | 1,018.00 |
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| $ | 7.04 | ** |
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| 1.40 | % |
Class B |
| $ | 1,000.00 |
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| $ | 1,014.20 |
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| $ | 10.80 | ** |
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| 2.15 | % |
Class C |
| $ | 1,000.00 |
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| $ | 1,014.20 |
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| $ | 10.80 | ** |
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| 2.15 | % |
Class I |
| $ | 1,000.00 |
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| $ | 1,019.20 |
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| $ | 5.79 | ** |
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| 1.15 | % |
* | Expenses are equal to the Fund’s annualized expense ratio for the indicated Class, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). The Example assumes that the $1,000 was invested at the net asset value per share determined at the close of business on September 30, 2014. |
** | Absent an allocation of certain expenses to affiliates, the expenses would be higher. |
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| 4 |
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Eaton Vance
Atlanta Capital Horizon Growth Fund
Portfolio of Investments (Unaudited)
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Common Stocks — 99.7% |
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Security |
| Shares |
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| Value |
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Aerospace & Defense — 2.6% |
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B/E Aerospace, Inc. |
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| 10,791 |
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| $ | 686,524 |
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KLX, Inc.(1) |
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| 5,395 |
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| 207,923 |
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| $ | 894,447 |
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Banks — 2.0% |
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First Republic Bank |
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| 11,977 |
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| $ | 683,767 |
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| $ | 683,767 |
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Beverages — 2.6% |
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Brown-Forman Corp., Class B |
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| 6,184 |
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| $ | 558,724 |
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Dr Pepper Snapple Group, Inc. |
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| 3,937 |
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| 308,976 |
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| $ | 867,700 |
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Capital Markets — 5.8% |
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Affiliated Managers Group, Inc.(1) |
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| 6,398 |
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| $ | 1,374,162 |
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Raymond James Financial, Inc. |
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| 10,656 |
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| 605,048 |
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| $ | 1,979,210 |
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Chemicals — 5.9% |
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Airgas, Inc. |
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| 9,749 |
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| $ | 1,034,466 |
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Ecolab, Inc. |
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| 8,426 |
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| 963,766 |
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| $ | 1,998,232 |
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Commercial Services & Supplies — 4.3% |
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Stericycle, Inc.(1) |
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| 1,301 |
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| $ | 182,699 |
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Waste Connections, Inc. |
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| 26,772 |
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| 1,288,804 |
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| $ | 1,471,503 |
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Communications Equipment — 3.4% |
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F5 Networks, Inc.(1) |
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| 5,336 |
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| $ | 613,320 |
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Juniper Networks, Inc. |
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| 23,334 |
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| 526,882 |
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| $ | 1,140,202 |
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Diversified Financial Services — 2.5% |
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Intercontinental Exchange, Inc. |
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| 3,702 |
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| $ | 863,566 |
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| $ | 863,566 |
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Electrical Equipment — 3.0% |
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AMETEK, Inc. |
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| 11,101 |
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| $ | 583,247 |
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Rockwell Automation, Inc. |
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| 3,683 |
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| 427,191 |
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| $ | 1,010,438 |
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Security |
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Electronic Equipment, Instruments & Components — 3.7% |
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Amphenol Corp., Class A |
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| 21,556 |
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| $ | 1,270,295 |
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| $ | 1,270,295 |
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Energy Equipment & Services — 3.7% |
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Cameron International Corp.(1) |
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| 7,728 |
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| $ | 348,687 |
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Core Laboratories NV |
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| 4,601 |
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| 480,758 |
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Weatherford International PLC(1) |
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| 33,122 |
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| 407,401 |
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| $ | 1,236,846 |
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Food & Staples Retailing — 2.0% |
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Whole Foods Market, Inc. |
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| 12,955 |
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| $ | 674,696 |
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| $ | 674,696 |
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Food Products — 4.4% |
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Hershey Co. (The) |
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| 5,383 |
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| $ | 543,199 |
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TreeHouse Foods, Inc.(1) |
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| 11,020 |
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| 936,920 |
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| $ | 1,480,119 |
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Health Care Providers & Services — 6.1% |
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Catamaran Corp.(1) |
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| 26,202 |
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| $ | 1,560,067 |
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Cigna Corp. |
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| 3,878 |
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| 501,968 |
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| $ | 2,062,035 |
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Health Care Technology — 2.1% |
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Cerner Corp.(1) |
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| 9,637 |
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| $ | 706,007 |
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| $ | 706,007 |
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Hotels, Restaurants & Leisure — 3.6% |
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Dunkin’ Brands Group, Inc. |
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| 7,061 |
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| $ | 335,821 |
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Panera Bread Co., Class A(1) |
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| 2,201 |
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| 352,149 |
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Starwood Hotels & Resorts Worldwide, Inc. |
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| 6,356 |
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| 530,726 |
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| $ | 1,218,696 |
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Insurance — 5.2% |
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Aon PLC |
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| 6,127 |
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| $ | 588,927 |
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Markel Corp.(1) |
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| 1,533 |
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| 1,178,816 |
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| $ | 1,767,743 |
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Life Sciences Tools & Services — 2.2% |
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Mettler-Toledo International, Inc.(1) |
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| 2,282 |
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| $ | 749,979 |
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| $ | 749,979 |
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| 5 |
| See Notes to Financial Statements. |
Eaton Vance
Atlanta Capital Horizon Growth Fund
Portfolio of Investments (Unaudited) — continued
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Security |
| Shares |
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| Value |
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Machinery — 1.4% |
| |||||||
IDEX Corp. |
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| 6,304 |
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| $ | 478,032 |
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| $ | 478,032 |
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Media — 2.8% |
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AMC Networks, Inc., Class A(1) |
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| 12,578 |
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| $ | 963,978 |
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| |||||||
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| $ | 963,978 |
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| |||||||
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Multiline Retail — 5.1% |
| |||||||
Dollar Tree, Inc.(1) |
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| 8,181 |
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| $ | 663,847 |
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Nordstrom, Inc. |
|
| 13,054 |
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| 1,048,498 |
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| |||||||
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| $ | 1,712,345 |
|
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| |||||||
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Personal Products — 1.4% |
| |||||||
Estee Lauder Cos., Inc. (The), Class A |
|
| 5,601 |
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| $ | 465,779 |
|
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| |||||||
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| $ | 465,779 |
|
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| |||||||
| ||||||||
Pharmaceuticals — 4.0% |
| |||||||
Perrigo Co. PLC |
|
| 8,114 |
|
| $ | 1,343,273 |
|
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| |||||||
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| $ | 1,343,273 |
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| |||||||
| ||||||||
Professional Services — 1.6% |
| |||||||
IHS, Inc.(1) |
|
| 4,756 |
|
| $ | 541,043 |
|
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| |||||||
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| $ | 541,043 |
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| |||||||
| ||||||||
Road & Rail — 4.2% |
| |||||||
Genesee & Wyoming, Inc., Class A(1) |
|
| 5,240 |
|
| $ | 505,346 |
|
J.B. Hunt Transport Services, Inc. |
|
| 4,985 |
|
|
| 425,694 |
|
Kansas City Southern |
|
| 4,944 |
|
|
| 504,683 |
|
|
| |||||||
|
|
|
|
|
| $ | 1,435,723 |
|
|
| |||||||
| ||||||||
Semiconductors & Semiconductor Equipment — 2.0% |
| |||||||
Linear Technology Corp. |
|
| 14,319 |
|
| $ | 670,129 |
|
|
| |||||||
|
|
|
|
|
| $ | 670,129 |
|
|
| |||||||
| ||||||||
Software — 3.7% |
| |||||||
Check Point Software Technologies, Ltd.(1) |
|
| 5,834 |
|
| $ | 478,213 |
|
Red Hat, Inc.(1) |
|
| 10,145 |
|
|
| 768,484 |
|
|
| |||||||
|
|
|
|
|
| $ | 1,246,697 |
|
|
| |||||||
| ||||||||
Specialty Retail — 4.4% |
| |||||||
Ross Stores, Inc. |
|
| 8,077 |
|
| $ | 850,993 |
|
|
|
|
|
|
|
|
|
|
Security |
| Shares |
|
| Value |
| ||
|
|
|
|
|
|
|
|
|
| ||||||||
Specialty Retail (continued) |
| |||||||
Tiffany & Co. |
|
| 7,318 |
|
| $ | 644,057 |
|
|
| |||||||
|
|
|
|
|
| $ | 1,495,050 |
|
|
| |||||||
| ||||||||
Textiles, Apparel & Luxury Goods — 1.4% |
| |||||||
Michael Kors Holdings, Ltd.(1) |
|
| 7,466 |
|
| $ | 490,889 |
|
|
| |||||||
|
|
|
|
|
| $ | 490,889 |
|
|
| |||||||
|
Trading Companies & Distributors — 2.6% |
| |||||||
Fastenal Co. |
|
| 20,915 |
|
| $ | 866,613 |
|
|
| |||||||
|
|
|
|
|
| $ | 866,613 |
|
|
| |||||||
|
| |||||||
Total Common Stocks |
|
| $ | 33,785,032 |
| |||
|
|
|
|
|
|
|
|
|
| ||||||||
Short-Term Investments — 0.7% |
| |||||||
|
|
| ||||||
|
|
|
|
|
|
|
|
|
Description |
| Interest |
|
| Value |
| ||
Eaton Vance Cash Reserves Fund, LLC, 0.18%(2) |
| $ | 246 |
|
| $ | 245,553 |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Total Short-Term Investments |
|
|
|
|
| $ | 245,553 |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Total Investments — 100.4% |
|
|
|
|
| $ | 34,030,585 |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Other Assets, Less Liabilities — (0.4)% |
|
|
|
|
| $ | (138,385 | ) |
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Net Assets — 100.0% |
|
|
|
|
| $ | 33,892,200 |
|
|
|
|
|
|
|
|
|
|
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
(1) | Non-income producing security. |
(2) | Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of March 31, 2015. |
|
|
|
|
|
|
| 6 |
| See Notes to Financial Statements. |
Eaton Vance
Atlanta Capital Horizon Growth Fund
Statement of Assets and Liabilities (Unaudited)
|
|
|
|
|
Assets |
|
| ||
Unaffiliated investments, at value (identified cost, $24,820,062) |
| $ | 33,785,032 |
|
Affiliated investment, at value (identified cost, $245,553) |
|
| 245,553 |
|
Dividends receivable |
|
| 17,849 |
|
Interest receivable from affiliated investment |
|
| 40 |
|
Receivable for Fund shares sold |
|
| 606 |
|
Receivable from affiliates |
|
| 17,006 |
|
Total assets |
| $ | 34,066,086 |
|
| ||||
Liabilities |
| |||
Payable for Fund shares redeemed |
| $ | 118,915 |
|
Payable to affiliates: |
|
|
|
|
Investment adviser fee |
|
| 23,083 |
|
Administration fee |
|
| 4,328 |
|
Distribution and service fees |
|
| 12,917 |
|
Accrued expenses |
|
| 14,643 |
|
Total liabilities |
| $ | 173,886 |
|
Net Assets |
| $ | 33,892,200 |
|
| ||||
Sources of Net Assets |
| |||
Paid-in capital |
| $ | 24,655,711 |
|
Accumulated net realized gain |
|
| 640,054 |
|
Accumulated net investment loss |
|
| (368,535 | ) |
Net unrealized appreciation |
|
| 8,964,970 |
|
Total |
| $ | 33,892,200 |
|
| ||||
Class A Shares |
| |||
Net Assets |
| $ | 22,539,351 |
|
Shares Outstanding |
|
| 1,497,386 |
|
Net Asset Value and Redemption Price Per Share |
|
|
|
|
(net assets ÷ shares of beneficial interest outstanding) |
| $ | 15.05 |
|
Maximum Offering Price Per Share |
|
|
|
|
(100 ÷ 94.25 of net asset value per share) |
| $ | 15.97 |
|
| ||||
Class B Shares |
| |||
Net Assets |
| $ | 1,555,389 |
|
Shares Outstanding |
|
| 119,702 |
|
Net Asset Value and Offering Price Per Share* |
|
|
|
|
(net assets ÷ shares of beneficial interest outstanding) |
| $ | 12.99 |
|
| ||||
Class C Shares |
| |||
Net Assets |
| $ | 7,930,173 |
|
Shares Outstanding |
|
| 610,876 |
|
Net Asset Value and Offering Price Per Share* |
|
|
|
|
(net assets ÷ shares of beneficial interest outstanding) |
| $ | 12.98 |
|
| ||||
Class I Shares |
| |||
Net Assets |
| $ | 1,867,287 |
|
Shares Outstanding |
|
| 122,693 |
|
Net Asset Value, Offering Price and Redemption Price Per Share |
|
|
|
|
(net assets ÷ shares of beneficial interest outstanding) |
| $ | 15.22 |
|
On sales of $50,000 or more, the offering price of Class A shares is reduced.
* | Redemption price per share is equal to the net asset value less any applicable contingent deferred sales charge. |
|
|
|
|
|
|
| 7 |
| See Notes to Financial Statements. |
Eaton Vance
Atlanta Capital Horizon Growth Fund
Statement of Operations (Unaudited)
|
|
|
|
|
Investment Income |
| Six Months Ended |
| |
Dividends (net of foreign taxes, $725) |
| $ | 135,413 |
|
Interest allocated from affiliated investment |
|
| 285 |
|
Expenses allocated from affiliated investment |
|
| (34 | ) |
Total investment income |
| $ | 135,664 |
|
| ||||
Expenses |
| |||
Investment adviser fee |
| $ | 137,097 |
|
Administration fee |
|
| 25,706 |
|
Distribution and service fees |
|
|
|
|
Class A |
|
| 28,084 |
|
Class B |
|
| 8,714 |
|
Class C |
|
| 40,356 |
|
Trustees’ fees and expenses |
|
| 1,098 |
|
Custodian fee |
|
| 14,786 |
|
Transfer and dividend disbursing agent fees |
|
| 19,081 |
|
Legal and accounting services |
|
| 19,442 |
|
Printing and postage |
|
| 9,546 |
|
Registration fees |
|
| 31,712 |
|
Miscellaneous |
|
| 7,008 |
|
Total expenses |
| $ | 342,630 |
|
Deduct — |
|
|
|
|
Allocation of expenses to affiliates |
| $ | 68,485 |
|
Total expense reductions |
| $ | 68,485 |
|
|
| |||
Net expenses |
| $ | 274,145 |
|
|
| |||
Net investment loss |
| $ | (138,481 | ) |
|
| |||
Realized and Unrealized Gain (Loss) |
|
|
|
|
Net realized gain (loss) — |
|
|
|
|
Investment transactions |
| $ | 1,111,988 |
|
Investment transactions allocated from affiliated investment |
|
| 2 |
|
Net realized gain |
| $ | 1,111,990 |
|
Change in unrealized appreciation (depreciation) — |
|
|
|
|
Investments |
| $ | 1,174,435 |
|
Net change in unrealized appreciation (depreciation) |
| $ | 1,174,435 |
|
|
| |||
Net realized and unrealized gain |
| $ | 2,286,425 |
|
|
| |||
Net increase in net assets from operations |
| $ | 2,147,944 |
|
|
|
|
|
|
|
| 8 |
| See Notes to Financial Statements. |
Eaton Vance
Atlanta Capital Horizon Growth Fund
Statements of Changes in Net Assets
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Net Assets |
| Six Months Ended March 31, 2015 |
|
| Year Ended |
| ||
From operations — |
|
|
|
|
|
|
|
|
Net investment loss |
| $ | (138,481 | ) |
| $ | (348,034 | ) |
Net realized gain from investment transactions |
|
| 1,111,990 |
|
|
| 3,898,485 |
|
Net change in unrealized appreciation (depreciation) from investments |
|
| 1,174,435 |
|
|
| (791,307 | ) |
Net increase in net assets from operations |
| $ | 2,147,944 |
|
| $ | 2,759,144 |
|
Distributions to shareholders — |
|
|
|
|
|
|
|
|
From net realized gain |
|
|
|
|
|
|
|
|
Class A |
| $ | (1,775,783 | ) |
| $ | (580,186 | ) |
Class B |
|
| (159,551 | ) |
|
| (62,391 | ) |
Class C |
|
| (734,188 | ) |
|
| (244,452 | ) |
Class I |
|
| (159,511 | ) |
|
| (35,222 | ) |
Total distributions to shareholders |
| $ | (2,829,033 | ) |
| $ | (922,251 | ) |
Transactions in shares of beneficial interest — |
|
|
|
|
|
|
|
|
Proceeds from sale of shares |
|
|
|
|
|
|
|
|
Class A |
| $ | 389,879 |
|
| $ | 1,477,603 |
|
Class B |
|
| 13,623 |
|
|
| 204,259 |
|
Class C |
|
| 346,611 |
|
|
| 877,373 |
|
Class I |
|
| 267,509 |
|
|
| 1,155,272 |
|
Net asset value of shares issued to shareholders in payment of distributions declared |
|
|
|
|
|
|
|
|
Class A |
|
| 1,661,744 |
|
|
| 551,652 |
|
Class B |
|
| 145,145 |
|
|
| 55,654 |
|
Class C |
|
| 608,748 |
|
|
| 199,711 |
|
Class I |
|
| 145,881 |
|
|
| 30,355 |
|
Cost of shares redeemed |
|
|
|
|
|
|
|
|
Class A |
|
| (2,268,183 | ) |
|
| (5,389,852 | ) |
Class B |
|
| (272,110 | ) |
|
| (484,996 | ) |
Class C |
|
| (1,042,009 | ) |
|
| (1,932,229 | ) |
Class I |
|
| (514,855 | ) |
|
| (814,257 | ) |
Net asset value of shares exchanged |
|
|
|
|
|
|
|
|
Class A |
|
| 182,522 |
|
|
| 324,839 |
|
Class B |
|
| (182,522 | ) |
|
| (324,839 | ) |
Net decrease in net assets from Fund share transactions |
| $ | (518,017 | ) |
| $ | (4,069,455 | ) |
|
|
| ||||||
Net decrease in net assets |
| $ | (1,199,106 | ) |
| $ | (2,232,562 | ) |
| ||||||||
Net Assets |
| |||||||
At beginning of period |
| $ | 35,091,306 |
|
| $ | 37,323,868 |
|
At end of period |
| $ | 33,892,200 |
|
| $ | 35,091,306 |
|
| ||||||||
Accumulated net investment loss |
| |||||||
At end of period |
| $ | (368,535 | ) |
| $ | (230,054 | ) |
|
|
|
|
|
|
| 9 |
| See Notes to Financial Statements. |
Eaton Vance
Atlanta Capital Horizon Growth Fund
Financial Highlights
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class A |
| |||||||||||||||||||||||||
|
| Six Months Ended |
|
| Year Ended September 30, |
|
| Period Ended |
|
| Year Ended October 31, |
| ||||||||||||||||
|
|
|
|
| 2013 |
|
| 2012 |
|
|
| 2010 |
|
| 2009 |
| ||||||||||||
Net asset value — Beginning of period |
| $ | 15.320 |
|
| $ | 14.570 |
|
| $ | 12.420 |
|
| $ | 14.100 |
|
| $ | 14.410 |
|
| $ | 11.610 |
|
| $ | 9.910 |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Income (Loss) From Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment loss(2) |
| $ | (0.045 | ) |
| $ | (0.108 | ) |
| $ | (0.091 | ) |
| $ | (0.105 | ) |
| $ | (0.088 | )(3) |
| $ | (0.060 | ) |
| $ | (0.012 | ) |
Net realized and unrealized gain (loss) |
|
| 1.000 |
|
|
| 1.215 |
|
|
| 2.545 |
|
|
| 1.904 |
|
|
| (0.166 | ) |
|
| 2.860 |
|
|
| 1.712 |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Total income (loss) from operations |
| $ | 0.955 |
|
| $ | 1.107 |
|
| $ | 2.454 |
|
| $ | 1.799 |
|
| $ | (0.254 | ) |
| $ | 2.800 |
|
| $ | 1.700 |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Less Distributions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From net realized gain |
| $ | (1.225 | ) |
| $ | (0.357 | ) |
| $ | (0.304 | ) |
| $ | (3.479 | ) |
| $ | (0.056 | ) |
| $ | — |
|
| $ | — |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Total distributions |
| $ | (1.225 | ) |
| $ | (0.357 | ) |
| $ | (0.304 | ) |
| $ | (3.479 | ) |
| $ | (0.056 | ) |
| $ | — |
|
| $ | — |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Net asset value — End of period |
| $ | 15.050 |
|
| $ | 15.320 |
|
| $ | 14.570 |
|
| $ | 12.420 |
|
| $ | 14.100 |
|
| $ | 14.410 |
|
| $ | 11.610 |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Total Return(4) |
|
| 6.60 | %(5) |
|
| 7.69 | % |
|
| 20.25 | % |
|
| 15.35 | % |
|
| (1.81 | )%(5) |
|
| 24.12 | % |
|
| 17.15 | % |
|
|
|
|
|
|
|
| |||||||||||||||||||||
Ratios/Supplemental Data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period (000’s omitted) |
| $ | 22,539 |
|
| $ | 22,918 |
|
| $ | 24,658 |
|
| $ | 26,305 |
|
| $ | 29,725 |
|
| $ | 35,125 |
|
| $ | 24,813 |
|
Ratios (as a percentage of average daily net assets): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses(6)(7) |
|
| 1.40 | %(8) |
|
| 1.40 | % |
|
| 1.40 | % |
|
| 1.40 | % |
|
| 1.52 | %(8)(9) |
|
| 1.60 | %(9) |
|
| 1.60 | %(9) |
Net investment loss |
|
| (0.61 | )%(8) |
|
| (0.71 | )% |
|
| (0.69 | )% |
|
| (0.81 | )% |
|
| (0.59 | )%(3)(8)(9) |
|
| (0.46 | )%(9) |
|
| (0.11 | )%(9) |
Portfolio Turnover of the Portfolio(10) |
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| 16 | %(5) |
|
| 33 | % |
|
| 42 | % |
Portfolio Turnover of the Fund |
|
| 11 | %(5) |
|
| 26 | % |
|
| 23 | % |
|
| 50 | % |
|
| 52 | %(5)(11) |
|
| — |
|
|
| — |
|
(1) | For the eleven months ended September 30, 2011. The Fund changed its fiscal year-end from October 31 to September 30. |
(2) | Computed using average shares outstanding. |
(3) | Net investment loss per share reflects special dividends allocated from the Portfolio, which amounted to $0.015 per share, for the period while the Fund was making investments directly in the Portfolio. Excluding special dividends, the ratio of net investment loss to average daily net assets would have been (0.69)%. |
(4) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges. |
(5) | Not annualized. |
(6) | Excludes the effect of custody fee credits, if any, of less than 0.005%. |
(7) | The investment adviser of the Portfolio waived a portion of its investment adviser fee and/or the administrator of the Fund subsidized certain operating expenses (equal to 0.40%, 0.33%, 0.42%, 0.32%, 0.21%, 0.09% and 0.31% of average daily net assets for the six months ended March 31, 2015, the years ended September 30, 2014, 2013 and 2012, the period ended September 30, 2011 and the years ended October 31, 2010 and 2009, respectively). A portion of the waiver and subsidy was borne by the sub-adviser. Absent this waiver and/or subsidy, total return would be lower. |
(8) | Annualized. |
(9) | Includes the Fund’s share of the Portfolio’s allocated expenses for the period while the Fund was investing in the Portfolio. |
(10) | Portfolio turnover represents the rate of portfolio activity for the period while the Fund was investing in the Portfolio. |
(11) | For the period from April 22, 2011 through September 30, 2011 when the Fund was making investments directly in securities. |
| References to Portfolio herein are to Tax-Managed Mid-Cap Core Portfolio, a Massachusetts business trust having the same investment objective and policies as the Fund, in which the Fund invested all of its investable assets prior to April 22, 2011. |
|
|
|
|
|
|
| 10 |
| See Notes to Financial Statements. |
Eaton Vance
Atlanta Capital Horizon Growth Fund
Financial Highlights — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class B |
| |||||||||||||||||||||||||
|
| Six Months Ended |
|
| Year Ended September 30, |
|
| Period Ended |
|
| Year Ended October 31, |
| ||||||||||||||||
|
|
|
|
| 2013 |
|
| 2012 |
|
|
| 2010 |
|
| 2009 |
| ||||||||||||
Net asset value — Beginning of period |
| $ | 13.440 |
|
| $ | 12.920 |
|
| $ | 11.130 |
|
| $ | 13.060 |
|
| $ | 13.450 |
|
| $ | 10.920 |
|
| $ | 9.380 |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Income (Loss) From Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment loss(2) |
| $ | (0.089 | ) |
| $ | (0.197 | ) |
| $ | (0.169 | ) |
| $ | (0.183 | ) |
| $ | (0.195 | )(3) |
| $ | (0.146 | ) |
| $ | (0.075 | ) |
Net realized and unrealized gain (loss) |
|
| 0.864 |
|
|
| 1.074 |
|
|
| 2.263 |
|
|
| 1.732 |
|
|
| (0.139 | ) |
|
| 2.676 |
|
|
| 1.615 |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Total income (loss) from operations |
| $ | 0.775 |
|
| $ | 0.877 |
|
| $ | 2.094 |
|
| $ | 1.549 |
|
| $ | (0.334 | ) |
| $ | 2.530 |
|
| $ | 1.540 |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Less Distributions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From net realized gain |
| $ | (1.225 | ) |
| $ | (0.357 | ) |
| $ | (0.304 | ) |
| $ | (3.479 | ) |
| $ | (0.056 | ) |
| $ | — |
|
| $ | — |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Total distributions |
| $ | (1.225 | ) |
| $ | (0.357 | ) |
| $ | (0.304 | ) |
| $ | (3.479 | ) |
| $ | (0.056 | ) |
| $ | — |
|
| $ | — |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Net asset value — End of period |
| $ | 12.990 |
|
| $ | 13.440 |
|
| $ | 12.920 |
|
| $ | 11.130 |
|
| $ | 13.060 |
|
| $ | 13.450 |
|
| $ | 10.920 |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Total Return(4) |
|
| 6.16 | %(5) |
|
| 6.88 | % |
|
| 19.35 | % |
|
| 14.49 | % |
|
| (2.53 | )%(5) |
|
| 23.17 | % |
|
| 16.42 | % |
|
|
|
|
|
|
|
| |||||||||||||||||||||
Ratios/Supplemental Data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period (000’s omitted) |
| $ | 1,555 |
|
| $ | 1,907 |
|
| $ | 2,354 |
|
| $ | 2,655 |
|
| $ | 3,790 |
|
| $ | 3,327 |
|
| $ | 3,102 |
|
Ratios (as a percentage of average daily net assets): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses(6)(7) |
|
| 2.15 | %(8) |
|
| 2.15 | % |
|
| 2.15 | % |
|
| 2.15 | % |
|
| 2.25 | %(8)(9) |
|
| 2.35 | %(9) |
|
| 2.35 | %(9) |
Net investment loss |
|
| (1.37 | )%(8) |
|
| (1.46 | )% |
|
| (1.44 | )% |
|
| (1.56 | )% |
|
| (1.39 | )%(3)(8)(9) |
|
| (1.21 | )%(9) |
|
| (0.80 | )%(9) |
Portfolio Turnover of the Portfolio(10) |
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| 16 | %(5) |
|
| 33 | % |
|
| 42 | % |
Portfolio Turnover of the Fund |
|
| 11 | %(5) |
|
| 26 | % |
|
| 23 | % |
|
| 50 | % |
|
| 52 | %(5)(11) |
|
| — |
|
|
| — |
|
(1) | For the eleven months ended September 30, 2011. The Fund changed its fiscal year-end from October 31 to September 30. |
(2) | Computed using average shares outstanding. |
(3) | Net investment loss per share reflects special dividends allocated from the Portfolio, which amounted to $0.014 per share, for the period while the Fund was making investments directly in the Portfolio. Excluding special dividends, the ratio of net investment loss to average daily net assets would have been (1.49)%. |
(4) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges. |
(5) | Not annualized. |
(6) | Excludes the effect of custody fee credits, if any, of less than 0.005%. |
(7) | The investment adviser of the Portfolio waived a portion of its investment adviser fee and/or the administrator of the Fund subsidized certain operating expenses (equal to 0.40%, 0.33%, 0.42%, 0.32%, 0.21%, 0.09% and 0.31% of average daily net assets for the six months ended March 31, 2015, the years ended September 30, 2014, 2013 and 2012, the period ended September 30, 2011 and the years ended October 31, 2010 and 2009, respectively). A portion of the waiver and subsidy was borne by the sub-adviser. Absent this waiver and/or subsidy, total return would be lower. |
(8) | Annualized. |
(9) | Includes the Fund’s share of the Portfolio’s allocated expenses for the period while the Fund was investing in the Portfolio. |
(10) | Portfolio turnover represents the rate of portfolio activity for the period while the Fund was investing in the Portfolio. |
(11) | For the period from April 22, 2011 through September 30, 2011 when the Fund was making investments directly in securities. |
| References to Portfolio herein are to Tax-Managed Mid-Cap Core Portfolio, a Massachusetts business trust having the same investment objective and policies as the Fund, in which the Fund invested all of its investable assets prior to April 22, 2011. |
|
|
|
|
|
|
| 11 |
| See Notes to Financial Statements. |
Eaton Vance
Atlanta Capital Horizon Growth Fund
Financial Highlights — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class C |
| |||||||||||||||||||||||||
|
| Six Months Ended |
|
| Year Ended September 30, |
|
| Period Ended |
|
| Year Ended October 31, |
| ||||||||||||||||
|
|
|
|
| 2013 |
|
| 2012 |
|
|
| 2010 |
|
| 2009 |
| ||||||||||||
Net asset value — Beginning of period |
| $ | 13.430 |
|
| $ | 12.910 |
|
| $ | 11.120 |
|
| $ | 13.050 |
|
| $ | 13.430 |
|
| $ | 10.910 |
|
| $ | 9.370 |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Income (Loss) From Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment loss(2) |
| $ | (0.088 | ) |
| $ | (0.196 | ) |
| $ | (0.169 | ) |
| $ | (0.182 | ) |
| $ | (0.198 | )(3) |
| $ | (0.145 | ) |
| $ | (0.080 | ) |
Net realized and unrealized gain (loss) |
|
| 0.863 |
|
|
| 1.073 |
|
|
| 2.263 |
|
|
| 1.731 |
|
|
| (0.126 | ) |
|
| 2.665 |
|
|
| 1.620 |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Total income (loss) from operations |
| $ | 0.775 |
|
| $ | 0.877 |
|
| $ | 2.094 |
|
| $ | 1.549 |
|
| $ | (0.324 | ) |
| $ | 2.520 |
|
| $ | 1.540 |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Less Distributions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From net realized gain |
| $ | (1.225 | ) |
| $ | (0.357 | ) |
| $ | (0.304 | ) |
| $ | (3.479 | ) |
| $ | (0.056 | ) |
| $ | — |
|
| $ | — |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Total distributions |
| $ | (1.225 | ) |
| $ | (0.357 | ) |
| $ | (0.304 | ) |
| $ | (3.479 | ) |
| $ | (0.056 | ) |
| $ | — |
|
| $ | — |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Net asset value — End of period |
| $ | 12.980 |
|
| $ | 13.430 |
|
| $ | 12.910 |
|
| $ | 11.120 |
|
| $ | 13.050 |
|
| $ | 13.430 |
|
| $ | 10.910 |
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Total Return(4) |
|
| 6.17 | %(5) |
|
| 6.88 | % |
|
| 19.36 | % |
|
| 14.51 | % |
|
| (2.46 | )%(5) |
|
| 23.10 | % |
|
| 16.44 | % |
|
|
|
|
|
|
|
| |||||||||||||||||||||
Ratios/Supplemental Data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period (000’s omitted) |
| $ | 7,930 |
|
| $ | 8,270 |
|
| $ | 8,759 |
|
| $ | 9,796 |
|
| $ | 10,456 |
|
| $ | 7,195 |
|
| $ | 6,528 |
|
Ratios (as a percentage of average daily net assets): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses(6)(7) |
|
| 2.15 | %(8) |
|
| 2.15 | % |
|
| 2.15 | % |
|
| 2.15 | % |
|
| 2.25 | %(8)(9) |
|
| 2.35 | %(9) |
|
| 2.35 | %(9) |
Net investment loss |
|
| (1.36 | )%(8) |
|
| (1.46 | )% |
|
| (1.44 | )% |
|
| (1.55 | )% |
|
| (1.42 | )%(3)(8)(9) |
|
| (1.20 | )%(9) |
|
| (0.84 | )%(9) |
Portfolio Turnover of the Portfolio(10) |
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| 16 | %(5) |
|
| 33 | % |
|
| 42 | % |
Portfolio Turnover of the Fund |
|
| 11 | %(5) |
|
| 26 | % |
|
| 23 | % |
|
| 50 | % |
|
| 52 | %(5)(11) |
|
| — |
|
|
| — |
|
(1) | For the eleven months ended September 30, 2011. The Fund changed its fiscal year-end from October 31 to September 30. |
(2) | Computed using average shares outstanding. |
(3) | Net investment loss per share reflects special dividends allocated from the Portfolio, which amounted to $0.013 per share, for the period while the Fund was making investments directly in the Portfolio. Excluding special dividends, the ratio of net investment loss to average daily net assets would have been (1.51)%. |
(4) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges. |
(5) | Not annualized. |
(6) | Excludes the effect of custody fee credits, if any, of less than 0.005%. |
(7) | The investment adviser of the Portfolio waived a portion of its investment adviser fee and/or the administrator of the Fund subsidized certain operating expenses (equal to 0.40%, 0.33%, 0.42%, 0.32%, 0.21%, 0.09% and 0.31% of average daily net assets for the six months ended March 31, 2015, the years ended September 30, 2014, 2013 and 2012, the period ended September 30, 2011 and the years ended October 31, 2010 and 2009, respectively). A portion of the waiver and subsidy was borne by the sub-adviser. Absent this waiver and/or subsidy, total return would be lower. |
(8) | Annualized. |
(9) | Includes the Fund’s share of the Portfolio’s allocated expenses for the period while the Fund was investing in the Portfolio. |
(10) | Portfolio turnover represents the rate of portfolio activity for the period while the Fund was investing in the Portfolio. |
(11) | For the period from April 22, 2011 through September 30, 2011 when the Fund was making investments directly in securities. |
| References to Portfolio herein are to Tax-Managed Mid-Cap Core Portfolio, a Massachusetts business trust having the same investment objective and policies as the Fund, in which the Fund invested all of its investable assets prior to April 22, 2011. |
|
|
|
|
|
|
| 12 |
| See Notes to Financial Statements. |
Eaton Vance
Atlanta Capital Horizon Growth Fund
Financial Highlights — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class I |
| |||||||||||||||||
|
| Six Months Ended |
|
| Year Ended September 30, |
|
| Period Ended |
| |||||||||||
|
|
| 2014 |
|
| 2013 |
|
| 2012 |
|
| |||||||||
Net asset value — Beginning of period |
| $ | 15.460 |
|
| $ | 14.660 |
|
| $ | 12.470 |
|
| $ | 14.110 |
|
| $ | 17.730 |
|
|
|
|
|
|
| |||||||||||||||
Income (Loss) From Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment loss(2) |
| $ | (0.027 | ) |
| $ | (0.069 | ) |
| $ | (0.063 | ) |
| $ | (0.072 | ) |
| $ | (0.058 | ) |
Net realized and unrealized gain (loss) |
|
| 1.012 |
|
|
| 1.226 |
|
|
| 2.557 |
|
|
| 1.911 |
|
|
| (3.562 | ) |
|
|
|
|
|
| |||||||||||||||
Total income (loss) from operations |
| $ | 0.985 |
|
| $ | 1.157 |
|
| $ | 2.494 |
|
| $ | 1.839 |
|
| $ | (3.620 | ) |
|
|
|
|
|
| |||||||||||||||
Less Distributions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From net realized gain |
| $ | (1.225 | ) |
| $ | (0.357 | ) |
| $ | (0.304 | ) |
| $ | (3.479 | ) |
| $ | — |
|
|
|
|
|
|
| |||||||||||||||
Total distributions |
| $ | (1.225 | ) |
| $ | (0.357 | ) |
| $ | (0.304 | ) |
| $ | (3.479 | ) |
| $ | — |
|
|
|
|
|
|
| |||||||||||||||
Net asset value — End of period |
| $ | 15.220 |
|
| $ | 15.460 |
|
| $ | 14.660 |
|
| $ | 12.470 |
|
| $ | 14.110 |
|
|
|
|
|
|
| |||||||||||||||
Total Return(3) |
|
| 6.74 | %(4) |
|
| 7.99 | % |
|
| 20.50 | % |
|
| 15.69 | % |
|
| (20.42 | )%(4) |
|
|
|
|
|
| |||||||||||||||
Ratios/Supplemental Data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period (000’s omitted) |
| $ | 1,867 |
|
| $ | 1,996 |
|
| $ | 1,553 |
|
| $ | 872 |
|
| $ | 1 |
|
Ratios (as a percentage of average daily net assets): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses(5)(6) |
|
| 1.15 | %(7) |
|
| 1.15 | % |
|
| 1.15 | % |
|
| 1.15 | % |
|
| 1.15 | %(7) |
Net investment loss |
|
| (0.36 | )%(7) |
|
| (0.45 | )% |
|
| (0.47 | )% |
|
| (0.58 | )% |
|
| (0.86 | )%(7) |
Portfolio Turnover |
|
| 11 | %(4) |
|
| 26 | % |
|
| 23 | % |
|
| 50 | % |
|
| 52 | %(4)(8) |
(1) | For the period from the commencement of operations, May 2, 2011, to September 30, 2011. |
(2) | Computed using average shares outstanding. |
(3) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested. |
(4) | Not annualized. |
(5) | The administrator of the Fund subsidized certain operating expenses (equal to 0.40%, 0.33%, 0.42%, 0.32% and 0.38% of average daily net assets for the six months ended March 31, 2015, the years ended September 30, 2014, 2013 and 2012 and the period ended September 30, 2011, respectively). A portion of the subsidy was borne by the sub-adviser. Absent this subsidy, total return would be lower. |
(6) | Excludes the effect of custody fee credits, if any, of less than 0.005%. |
(7) | Annualized. |
(8) | For the period from April 22, 2011 through September 30, 2011 when the Fund was making investments directly in securities. |
|
|
|
|
|
|
| 13 |
| See Notes to Financial Statements. |
Eaton Vance
Atlanta Capital Horizon Growth Fund
Notes to Financial Statements (Unaudited)
1 Significant Accounting Policies
Eaton Vance Atlanta Capital Horizon Growth Fund (the Fund) is a diversified series of Eaton Vance Mutual Funds Trust (the Trust). The Trust is a Massachusetts business trust registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company. The Fund’s investment objective is to seek total return. The Fund offers four classes of shares. Class A shares are generally sold subject to a sales charge imposed at time of purchase. Class B and Class C shares are sold at net asset value and are generally subject to a contingent deferred sales charge (see Note 5). Class I shares are sold at net asset value and are not subject to a sales charge. Class B shares automatically convert to Class A shares eight years after their purchase as described in the Fund’s prospectus. Beginning January 1, 2012, Class B shares are only available for purchase upon exchange from another Eaton Vance fund or through reinvestment of distributions. Each class represents a pro-rata interest in the Fund, but votes separately on class-specific matters and (as noted below) is subject to different expenses. Realized and unrealized gains and losses and net investment income and losses, other than class-specific expenses, are allocated daily to each class of shares based on the relative net assets of each class to the total net assets of the Fund. Each class of shares differs in its distribution plan and certain other class-specific expenses.
The following is a summary of significant accounting policies of the Fund. The policies are in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). The Fund is an investment company and follows accounting and reporting guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946.
A Investment Valuation — The following methodologies are used to determine the market value or fair value of investments.
Equity Securities. Equity securities listed on a U.S. securities exchange generally are valued at the last sale or closing price on the day of valuation or, if no sales took place on such date, at the mean between the closing bid and asked prices therefore on the exchange where such securities are principally traded. Equity securities listed on the NASDAQ Global or Global Select Market generally are valued at the NASDAQ official closing price. Unlisted or listed securities for which closing sales prices or closing quotations are not available are valued at the mean between the latest available bid and asked prices.
Affiliated Fund. The Fund may invest in Eaton Vance Cash Reserves Fund, LLC (Cash Reserves Fund), an affiliated investment company managed by Eaton Vance Management (EVM). The value of the Fund’s investment in Cash Reserves Fund reflects the Fund’s proportionate interest in its net assets. Cash Reserves Fund generally values its investment securities utilizing the amortized cost valuation technique in accordance with Rule 2a-7 under the 1940 Act. This technique involves initially valuing a portfolio security at its cost and thereafter assuming a constant amortization to maturity of any discount or premium. If amortized cost is determined not to approximate fair value, Cash Reserves Fund may value its investment securities based on available market quotations provided by a third party pricing service.
Fair Valuation. Investments for which valuations or market quotations are not readily available or are deemed unreliable are valued at fair value using methods determined in good faith by or at the direction of the Trustees of the Fund in a manner that fairly reflects the security’s value, or the amount that the Fund might reasonably expect to receive for the security upon its current sale in the ordinary course. Each such determination is based on a consideration of relevant factors, which are likely to vary from one pricing context to another. These factors may include, but are not limited to, the type of security, the existence of any contractual restrictions on the security’s disposition, the price and extent of public trading in similar securities of the issuer or of comparable companies or entities, quotations or relevant information obtained from broker/dealers or other market participants, information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities), an analysis of the company’s or entity’s financial condition, and an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold.
B Investment Transactions — Investment transactions for financial statement purposes are accounted for on a trade date basis. Realized gains and losses on investments sold are determined on the basis of identified cost.
C Income — Dividend income is recorded on the ex-dividend date for dividends received in cash and/or securities. However, if the ex-dividend date has passed, certain dividends from foreign securities are recorded as the Fund is informed of the ex-dividend date. Withholding taxes on foreign dividends and capital gains have been provided for in accordance with the Fund’s understanding of the applicable countries’ tax rules and rates. Interest income is recorded on the basis of interest accrued, adjusted for amortization of premium or accretion of discount.
D Federal Taxes — The Fund’s policy is to comply with the provisions of the Internal Revenue Code applicable to regulated investment companies and to distribute to shareholders each year substantially all of its net investment income, and all or substantially all of its net realized capital gains. Accordingly, no provision for federal income or excise tax is necessary.
As of March 31, 2015, the Fund had no uncertain tax positions that would require financial statement recognition, de-recognition, or disclosure. The Fund files a U.S. federal income tax return annually after its fiscal year-end, which is subject to examination by the Internal Revenue Service for a period of three years from the date of filing.
E Expenses — The majority of expenses of the Trust are directly identifiable to an individual fund. Expenses which are not readily identifiable to a specific fund are allocated taking into consideration, among other things, the nature and type of expense and the relative size of the funds.
F Expense Reduction — State Street Bank and Trust Company (SSBT) serves as custodian of the Fund. Pursuant to the custodian agreement, SSBT receives a fee reduced by credits, which are determined based on the average daily cash balance the Fund maintains with SSBT. All credit balances, if any, used to reduce the Fund’s custodian fees are reported as a reduction of expenses in the Statement of Operations.
|
|
|
|
|
|
| 14 |
|
|
Eaton Vance
Atlanta Capital Horizon Growth Fund
Notes to Financial Statements (Unaudited) — continued
G Use of Estimates — The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. Actual results could differ from those estimates.
H Indemnifications — Under the Trust’s organizational documents, its officers and Trustees may be indemnified against certain liabilities and expenses arising out of the performance of their duties to the Fund. Under Massachusetts law, if certain conditions prevail, shareholders of a Massachusetts business trust (such as the Trust) could be deemed to have personal liability for the obligations of the Trust. However, the Trust’s Declaration of Trust contains an express disclaimer of liability on the part of Fund shareholders and the By-laws provide that the Trust shall assume the defense on behalf of any Fund shareholders. Moreover, the By-laws also provide for indemnification out of Fund property of any shareholder held personally liable solely by reason of being or having been a shareholder for all loss or expense arising from such liability. Additionally, in the normal course of business, the Fund enters into agreements with service providers that may contain indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred.
I Interim Financial Statements — The interim financial statements relating to March 31, 2015 and for the six months then ended have not been audited by an independent registered public accounting firm, but in the opinion of the Fund’s management, reflect all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of the financial statements.
2 Distributions to Shareholders and Income Tax Information
It is the present policy of the Fund to make at least one distribution annually (normally in December) of all or substantially all of its net investment income and to distribute annually all or substantially all of its net realized capital gains. Distributions to shareholders are recorded on the ex-dividend date. Distributions are declared separately for each class of shares. Shareholders may reinvest income and capital gain distributions in additional shares of the same class of the Fund at the net asset value as of the ex-dividend date or, at the election of the shareholder, receive distributions in cash. Distributions to shareholders are determined in accordance with income tax regulations, which may differ from U.S. GAAP. As required by U.S. GAAP, only distributions in excess of tax basis earnings and profits are reported in the financial statements as a return of capital. Permanent differences between book and tax accounting relating to distributions are reclassified to paid-in capital. For tax purposes, distributions from short-term capital gains are considered to be from ordinary income.
At September 30, 2014, the Fund had a late year ordinary loss of $230,054 which it has elected to defer to the following taxable year pursuant to income tax regulations. Late year ordinary losses represent certain specified losses realized in that portion of a taxable year after October 31 that are treated as ordinary for tax purposes plus ordinary losses attributable to that portion of a taxable year after December 31.
The cost and unrealized appreciation (depreciation) of investments of the Fund at March 31, 2015, as determined on a federal income tax basis, were as follows:
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Aggregate cost |
| $ | 25,257,623 |
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Gross unrealized appreciation |
| $ | 9,272,510 |
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Gross unrealized depreciation |
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| (499,548 | ) |
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Net unrealized appreciation |
| $ | 8,772,962 |
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3 Investment Adviser and Administration Fees and Other Transactions with Affiliates
The investment adviser fee is earned by Boston Management and Research (BMR), a subsidiary of EVM, as compensation for investment advisory services rendered to the Fund. The fee is computed at an annual rate of 0.80% of the Fund’s average daily net assets up to $500 million and is payable monthly. On net assets of $500 million and over, the annual fee is reduced. For the six months ended March 31, 2015, the investment adviser fee amounted to $137,097 or 0.80% (annualized) of the Fund’s average daily net assets. Pursuant to a sub-advisory agreement, BMR pays Atlanta Capital Management Company, LLC (Atlanta Capital), an affiliate of EVM, a portion of its adviser fee for sub-advisory services provided to the Fund. The Fund invests its cash in Cash Reserves Fund. EVM does not currently receive a fee for advisory services provided to Cash Reserves Fund.The administration fee is earned by EVM for administering the business affairs of the Fund and is computed at an annual rate of 0.15% of the Fund’s average daily net assets. For the six months ended March 31, 2015, the administration fee amounted to $25,706.
EVM and Atlanta Capital have agreed to reimburse the Fund’s operating expenses to the extent that total annual operating expenses (relating to ordinary operating expenses only) exceed 1.40%, 2.15%, 2.15% and 1.15% of the Fund’s average daily net assets for Class A, Class B, Class C and Class I, respectively. This agreement may be changed or terminated after January 31, 2016. Pursuant to this agreement, EVM and Atlanta Capital were allocated $68,485 in total of the Fund’s operating expenses for the six months ended March 31, 2015.
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Eaton Vance
Atlanta Capital Horizon Growth Fund
Notes to Financial Statements (Unaudited) — continued
EVM provides sub-transfer agency and related services to the Fund pursuant to a Sub-Transfer Agency Support Services Agreement. For the six months ended March 31, 2015, EVM earned $2,153 from the Fund pursuant to such agreement, which is included in transfer and dividend disbursing agent fees on the Statement of Operations. The Fund was informed that Eaton Vance Distributors, Inc. (EVD), an affiliate of EVM and the Fund’s principal underwriter, received $852 as its portion of the sales charge on sales of Class A shares for the six months ended March 31, 2015. EVD also received distribution and service fees from Class A, Class B and Class C shares (see Note 4) and contingent deferred sales charges (see Note 5).
Trustees and officers of the Fund who are members of EVM’s or BMR’s organizations receive remuneration for their services to the Fund out of the investment adviser fee. Trustees of the Fund who are not affiliated with the investment adviser and administrator may elect to defer receipt of all or a percentage of their annual fees in accordance with the terms of the Trustees Deferred Compensation Plan. For the six months ended March 31, 2015, no significant amounts have been deferred. Certain officers and Trustees of the Fund are officers of the above organizations.
4 Distribution Plans
The Fund has in effect a distribution plan for Class A shares (Class A Plan) pursuant to Rule 12b-1 under the 1940 Act. Pursuant to the Class A Plan, the Fund pays EVD a distribution and service fee of 0.25% per annum of its average daily net assets attributable to Class A shares for distribution services and facilities provided to the Fund by EVD, as well as for personal services and/or the maintenance of shareholder accounts. Distribution and service fees paid or accrued to EVD for the six months ended March 31, 2015 amounted to $28,084 for Class A shares.
The Fund also has in effect distribution plans for Class B shares (Class B Plan) and Class C shares (Class C Plan) pursuant to Rule 12b-1 under the 1940 Act. Pursuant to the Class B and Class C Plans, the Fund pays EVD amounts equal to 0.75% per annum of its average daily net assets attributable to Class B and Class C shares for providing ongoing distribution services and facilities to the Fund. For the six months ended March 31, 2015, the Fund paid or accrued to EVD $6,536 and $30,267 for Class B and Class C shares, respectively.
Pursuant to the Class B and Class C Plans, the Fund also makes payments of service fees to EVD, financial intermediaries and other persons in amounts equal to 0.25% per annum of its average daily net assets attributable to that class. Service fees paid or accrued are for personal services and/or the maintenance of shareholder accounts. They are separate and distinct from the sales commissions and distribution fees payable to EVD. Service fees paid or accrued for the six months ended March 31, 2015 amounted to $2,178 and $10,089 for Class B and Class C shares, respectively.
Distribution and service fees are subject to the limitations contained in the Financial Industry Regulatory Authority’s NASD Conduct Rule 2830(d).
5 Contingent Deferred Sales Charges
A contingent deferred sales charge (CDSC) generally is imposed on redemptions of Class B shares made within six years of purchase and on redemptions of Class C shares made within one year of purchase. Class A shares may be subject to a 1% CDSC if redeemed within 18 months of purchase (depending on the circumstances of purchase). Generally, the CDSC is based upon the lower of the net asset value at date of redemption or date of purchase. No charge is levied on shares acquired by reinvestment of dividends or capital gain distributions. The CDSC for Class B shares is imposed at declining rates that begin at 5% in the case of redemptions in the first and second year after purchase, declining one percentage point each subsequent year. Class C shares are subject to a 1% CDSC if redeemed within one year of purchase. For the six months ended March 31, 2015, the Fund was informed that EVD received approximately $2,000 of CDSCs paid by Class B shareholders and no CDSCs paid by Class A and Class C shareholders.
6 Purchases and Sales of Investments
Purchases and sales of investments, other than short-term obligations, aggregated $3,903,942 and $7,118,837, respectively, for the six months ended March 31, 2015.
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| 16 |
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Eaton Vance
Atlanta Capital Horizon Growth Fund
Notes to Financial Statements (Unaudited) — continued
7 Shares of Beneficial Interest
The Fund’s Declaration of Trust permits the Trustees to issue an unlimited number of full and fractional shares of beneficial interest (without par value). Such shares may be issued in a number of different series (such as the Fund) and classes. Transactions in Fund shares were as follows:
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Class A |
| Six Months Ended |
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| Year Ended |
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Sales |
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| 26,261 |
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| 96,921 |
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Issued to shareholders electing to receive payments of distributions in Fund shares |
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| 115,479 |
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| 37,400 |
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Redemptions |
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| (152,279 | ) |
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| (351,708 | ) |
Exchange from Class B shares |
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| 12,082 |
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| 21,238 |
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Net increase (decrease) |
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| 1,543 |
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| (196,149 | ) |
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Class B |
| Six Months Ended |
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| Year Ended |
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Sales |
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| 1,085 |
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| 15,347 |
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Issued to shareholders electing to receive payments of distributions in Fund shares |
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| 11,658 |
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| 4,277 |
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Redemptions |
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| (21,028 | ) |
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| (35,785 | ) |
Exchange to Class A shares |
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| (13,904 | ) |
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| (24,132 | ) |
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Net decrease |
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| (22,189 | ) |
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| (40,293 | ) |
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Class C |
| Six Months Ended |
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| Year Ended |
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Sales |
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| 27,298 |
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| 65,560 |
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Issued to shareholders electing to receive payments of distributions in Fund shares |
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| 48,935 |
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| 15,363 |
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Redemptions |
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| (81,380 | ) |
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| (143,487 | ) |
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Net decrease |
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| (5,147 | ) |
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| (62,564 | ) |
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Class I |
| Six Months Ended |
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| Year Ended |
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Sales |
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| 17,752 |
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| 73,999 |
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Issued to shareholders electing to receive payments of distributions in Fund shares |
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| 10,033 |
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| 2,044 |
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Redemptions |
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| (34,244 | ) |
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| (52,779 | ) |
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Net increase (decrease) |
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| (6,459 | ) |
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| 23,264 |
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8 Line of Credit
The Fund participates with other portfolios and funds managed by EVM and its affiliates in a $750 million unsecured line of credit agreement with a group of banks, which is in effect through September 7, 2015. Borrowings are made by the Fund solely to facilitate the handling of unusual and/or unanticipated short-term cash requirements. Interest is charged to the Fund based on its borrowings at an amount above either the Eurodollar rate or Federal Funds rate. In addition, a fee computed at an annual rate of 0.08% on the daily unused portion of the line of credit is allocated among the participating portfolios and
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| 17 |
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Eaton Vance
Atlanta Capital Horizon Growth Fund
Notes to Financial Statements (Unaudited) — continued
funds at the end of each quarter. Because the line of credit is not available exclusively to the Fund, it may be unable to borrow some or all of its requested amounts at any particular time. The Fund did not have any significant borrowings or allocated fees during the six months ended March 31, 2015.
9 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.
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| Level 1 – quoted prices in active markets for identical investments |
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| Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
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| 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, 2015, the hierarchy of inputs used in valuing the Fund’s investments, which are carried at value, were as follows:
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Asset Description |
| Level 1 |
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| Level 2 |
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| Level 3 |
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| Total |
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Common Stocks |
| $ | 33,785,032 | * |
| $ | — |
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| $ | — |
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| $ | 33,785,032 |
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Short-Term Investments |
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| — |
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| 245,553 |
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| — |
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| 245,553 |
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Total Investments |
| $ | 33,785,032 |
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| $ | 245,553 |
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| $ | — |
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| $ | 34,030,585 |
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* | The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments. |
The Fund held no investments or other financial instruments as of September 30, 2014 whose fair value was determined using Level 3 inputs. At March 31, 2015, there were no investments transferred between Level 1 and Level 2 during the six months then ended.
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Eaton Vance
Atlanta Capital Horizon Growth Fund
Officers and Trustees
Officers of Eaton Vance Atlanta Capital Horizon Growth Fund
Payson F. Swaffield
President
Maureen A. Gemma
Vice President, Secretary and Chief Legal Officer
James F. Kirchner
Treasurer
Paul M. O’Neil
Chief Compliance Officer
Trustees of Eaton Vance Atlanta Capital Horizon Growth Fund
Ralph F. Verni
Chairman
Scott E. Eston
Thomas E. Faust Jr.*
Cynthia E. Frost
George J. Gorman
Valerie A. Mosley
William H. Park
Ronald A. Pearlman
Helen Frame Peters
Susan J. Sutherland
Harriett Tee Taggart
* | Interested Trustee |
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Eaton Vance Funds
IMPORTANT NOTICES
Privacy. The Eaton Vance organization is committed to ensuring your financial privacy. Each of the financial institutions identified below has in effect the following policy (“Privacy Policy”) with respect to nonpublic personal information about its customers:
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| Only such information received from you, through application forms or otherwise, and information about your Eaton Vance fund transactions will be collected. This may include information such as name, address, social security number, tax status, account balances and transactions. |
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| None of such information about you (or former customers) will be disclosed to anyone, except as permitted by law (which includes disclosure to employees necessary to service your account). In the normal course of servicing a customer’s account, Eaton Vance may share information with unaffiliated third parties that perform various required services such as transfer agents, custodians and broker-dealers. |
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| Policies and procedures (including physical, electronic and procedural safeguards) are in place that are designed to protect the confidentiality of such information. |
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| We reserve the right to change our Privacy Policy at any time upon proper notification to you. Customers may want to review our Privacy Policy periodically for changes by accessing the link on our homepage: www.eatonvance.com. |
Our pledge of privacy applies to the following entities within the Eaton Vance organization: the Eaton Vance Family of Funds, Eaton Vance Management, Eaton Vance Investment Counsel, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management’s Real Estate Investment Group and Boston Management and Research. In addition, our Privacy Policy applies only to those Eaton Vance customers who are individuals and who have a direct relationship with us. If a customer’s account (i.e., fund shares) is held in the name of a third-party financial advisor/broker-dealer, it is likely that only such advisor’s privacy policies apply to the customer. This notice supersedes all previously issued privacy disclosures. For more information about Eaton Vance’s Privacy Policy, please call 1-800-262-1122.
Delivery of Shareholder Documents. The Securities and Exchange Commission (SEC) permits funds to deliver only one copy of shareholder documents, including prospectuses, proxy statements and shareholder reports, to fund investors with multiple accounts at the same residential or post office box address. This practice is often called “householding” and it helps eliminate duplicate mailings to shareholders. Eaton Vance, or your financial advisor, may household the mailing of your documents indefinitely unless you instruct Eaton Vance, or your financial advisor, otherwise. If you would prefer that your Eaton Vance documents not be householded, please contact Eaton Vance at 1-800-262-1122, or contact your financial advisor. Your instructions that householding not apply to delivery of your Eaton Vance documents will be effective within 30 days of receipt by Eaton Vance or your financial advisor.
Portfolio Holdings. Each Eaton Vance Fund and its underlying Portfolio(s) (if applicable) will file a schedule of portfolio holdings on Form N-Q with the SEC for the first and third quarters of each fiscal year. The Form N-Q will be available on the Eaton Vance website at www.eatonvance.com, by calling Eaton Vance at 1-800-262-1122 or in the EDGAR database on the SEC’s website at www.sec.gov. Form N-Q may also be reviewed and copied at the SEC’s public reference room in Washington, D.C. (call 1-800-732-0330 for information on the operation of the public reference room).
Proxy Voting. From time to time, funds are required to vote proxies related to the securities held by the funds. The Eaton Vance Funds or their underlying Portfolios (if applicable) vote proxies according to a set of policies and procedures approved by the Funds’ and Portfolios’ Boards. You may obtain a description of these policies and procedures and information on how the Funds or Portfolios voted proxies relating to portfolio securities during the most recent 12-month period ended June 30, without charge, upon request, by calling 1-800-262-1122 and by accessing the SEC’s website at www.sec.gov.
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Investment Adviser
Boston Management and Research
Two International Place
Sub-Adviser
Atlanta Capital Management Company, LLC
1075 Peachtree Street NE
Suite 2100
Administrator
Eaton Vance Management
Two International Place
Principal Underwriter*
Eaton Vance Distributors, Inc.
Two International Place
(617) 482-8260
Custodian
State Street Bank and Trust Company
State Street Financial Center, One Lincoln Street
Transfer Agent
BNY Mellon Investment Servicing (US) Inc.
Attn: Eaton Vance Funds
P.O. Box 9653
(800) 262-1122
Fund Offices
Two International Place
* | FINRA BrokerCheck. Investors may check the background of their Investment Professional by contacting the Financial Industry Regulatory Authority (FINRA). FINRA BrokerCheck is a free tool to help investors check the professional background of current and former FINRA-registered securities firms and brokers. FINRA BrokerCheck is available by calling 1-800-289-9999 and at www.FINRA.org. The FINRA BrokerCheck brochure describing this program is available to investors at www.FINRA.org. |
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7722 3.31.15 |
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This ‘N-14’ Filing | Date | Other Filings | ||
---|---|---|---|---|
1/31/16 | N-CSRS, NSAR-A | |||
9/7/15 | ||||
Filed on: | 7/2/15 | |||
3/31/15 | N-CSRS, NSAR-A | |||
10/31/14 | N-Q | |||
10/1/14 | ||||
9/30/14 | 24F-2NT, N-CSR, NSAR-B | |||
9/30/13 | 24F-2NT, N-CSR, NSAR-B | |||
12/31/12 | 24F-2NT/A, N-Q | |||
9/30/12 | 24F-2NT, 24F-2NT/A, N-CSR, NSAR-B, NSAR-B/A | |||
1/1/12 | 485BPOS | |||
9/30/11 | 24F-2NT, 485BPOS, 497, 497K, N-CSR, NSAR-B | |||
5/2/11 | 485BPOS, 497K | |||
4/22/11 | ||||
10/31/10 | ||||
10/31/09 | ||||
List all Filings |