N-Q 1 b81728a1nvq.htm EATON VANCE GROWTH TRUST Eaton Vance Growth Trust
 
 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
811-01241
Investment Company Act File Number
Eaton Vance Growth Trust
(Exact Name of Registrant as Specified in Charter)
Two International Place, Boston, Massachusetts 02110
(Address of Principal Executive Offices)
Maureen A. Gemma
Two International Place, Boston, Massachusetts 02110
(Name and Address of Agent for Services)
(617) 482-8260
(Registrant’s Telephone Number, Including Area Code)
August 31
Date of Fiscal Year End
May 31, 2010
Date of Reporting Period
 
 

 

 

 

 
Eaton Vance Asian Small Companies Fund as of May 31, 2010 (Unaudited)
 
Eaton Vance Asian Small Companies Fund (the Fund), a diversified series of Eaton Vance Growth Trust, invests substantially all of its assets in Asian Small Companies Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At May 31, 2010, the value of the Fund’s investment in the Portfolio was $48,666,427 and the Fund owned approximately 40.5% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.
 
 

 

Asian Small Companies Portfolio as of May 31, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited)
 
Common Stocks — 93.9%
 
                 
Security   Shares     Value  
China — 35.9%
               
                 
Construction & Engineering — 0.3%
               
China State Construction International Holdings, Ltd. 
    897,600     $ 291,653  
                 
            $ 291,653  
                 
Electronic Equipment, Instruments & Components — 5.1%
               
Hollysys Automation Technologies, Ltd.(1)
    217,200     $ 2,059,056  
Ju Teng International Holdings, Ltd. 
    5,396,000       4,054,069  
                 
            $ 6,113,125  
                 
Food Products — 6.7%
               
Ausnutria Dairy Corp, Ltd.(1)
    5,687,000     $ 3,768,740  
China Minzhong Food Corp, Ltd.(1)
    3,065,000       2,495,518  
Uni-President China Holdings, Ltd. 
    3,347,000       1,822,573  
                 
            $ 8,086,831  
                 
Household Durables — 1.7%
               
Skyworth Digital Holdings, Ltd. 
    2,508,000     $ 2,058,219  
                 
            $ 2,058,219  
                 
Household Products — 4.0%
               
Vinda International Holdings, Ltd. 
    2,848,000     $ 2,216,541  
Youyuan International Holdings, Ltd.(1)
    7,978,000       2,592,256  
                 
            $ 4,808,797  
                 
Machinery — 8.0%
               
China Automation Group, Ltd. 
    11,999,000     $ 7,705,101  
China High Precision Automation Group, Ltd.(1)
    3,145,000       1,845,866  
                 
            $ 9,550,967  
                 
Metals & Mining — 3.8%
               
Midas Holdings, Ltd. 
    6,844,000     $ 4,594,765  
                 
            $ 4,594,765  
                 
Multiline Retail — 0.3%
               
PCD Stores, Ltd.(1)
    1,158,000     $ 343,545  
                 
            $ 343,545  
                 
Real Estate Investment Trusts (REITs) — 1.9%
               
CapitaRetail China Trust
    2,848,000     $ 2,298,497  
                 
            $ 2,298,497  
                 
Real Estate Management & Development — 2.4%
               
KWG Property Holding, Ltd. 
    2,351,000     $ 1,328,521  
SOHO China, Ltd. 
    3,004,500       1,605,199  
                 
            $ 2,933,720  
                 
Textiles, Apparel & Luxury Goods — 1.7%
               
Ports Design, Ltd. 
    847,500     $ 2,057,145  
                 
            $ 2,057,145  
                 
                 
Total China
(identified cost $33,836,579)
          $ 43,137,264  
                 
 
1

 

                 
Security   Shares     Value  
Hong Kong — 0.6%
               
                 
Textiles, Apparel & Luxury Goods — 0.6%
               
Peace Mark (Holdings), Ltd.(1)(2)
    14,298,000     $ 0  
Stella International Holdings, Ltd. 
    407,500       788,163  
                 
            $ 788,163  
                 
                 
Total Hong Kong
(identified cost $4,379,742)
          $ 788,163  
                 
                 
India — 6.4%
               
                 
Chemicals — 1.8%
               
United Phosphorus, Ltd. 
    562,040     $ 2,196,520  
                 
            $ 2,196,520  
                 
Consumer Finance — 2.2%
               
Shriram Transport Finance Co., Ltd. 
    208,250     $ 2,572,077  
                 
            $ 2,572,077  
                 
IT Services — 2.4%
               
Infinite Computer Solutions India, Ltd.(1)
    471,284     $ 1,763,567  
Mphasis, Ltd. 
    94,420       1,166,886  
                 
            $ 2,930,453  
                 
                 
Total India
(identified cost $6,185,489)
          $ 7,699,050  
                 
Indonesia — 5.4%
               
                 
Construction Materials — 0.9%
               
Semen Gresik (Persero) Tbk PT
    1,228,500     $ 1,131,427  
                 
            $ 1,131,427  
                 
Food Products — 1.9%
               
BISI International Tbk PT(1)
    5,262,500     $ 734,170  
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT(1)
    1,713,000       1,549,638  
                 
            $ 2,283,808  
                 
Multiline Retail — 1.5%
               
Ramayana Lestari Sentosa Tbk PT
    22,093,000     $ 1,805,970  
                 
            $ 1,805,970  
                 
Trading Companies & Distributors — 1.1%
               
AKR Corporindo Tbk PT
    12,256,400     $ 1,295,774  
                 
            $ 1,295,774  
                 
                 
Total Indonesia
(identified cost $5,216,219)
          $ 6,516,979  
                 
Malaysia — 5.1%
               
                 
Chemicals — 0.1%
               
HIL Industries Bhd(1)
    691,300     $ 167,447  
                 
            $ 167,447  
                 
Computers & Peripherals — 1.3%
               
JCY International Bhd(1)
    3,328,900     $ 1,612,651  
                 
            $ 1,612,651  
                 
Electronic Equipment, Instruments & Components — 1.8%
               
Notion VTEC Bhd
    2,518,300     $ 2,107,913  
                 
            $ 2,107,913  
                 
 
2

 

                 
Security   Shares     Value  
Tobacco — 0.7%
               
British American Tobacco Malaysia Bhd
    61,000     $ 826,301  
                 
            $ 826,301  
                 
Transportation Infrastructure — 1.2%
               
PLUS Expressways Bhd
    1,361,400     $ 1,385,819  
                 
            $ 1,385,819  
                 
                 
Total Malaysia
(identified cost $6,644,863)
          $ 6,100,131  
                 
Philippines — 1.8%
               
                 
Diversified Financial Services — 0.4%
               
Metro Pacific Investments Corp.(1)
    7,920,000     $ 504,949  
                 
            $ 504,949  
                 
Wireless Telecommunication Services — 1.4%
               
Globe Telecom, Inc. 
    88,540     $ 1,722,196  
                 
            $ 1,722,196  
                 
                 
Total Philippines
(identified cost $2,355,704)
          $ 2,227,145  
                 
Singapore — 24.3%
               
                 
Air Freight & Logistics — 1.9%
               
Singapore Post, Ltd. 
    2,913,000     $ 2,288,540  
                 
            $ 2,288,540  
                 
Construction & Engineering — 1.8%
               
PEC, Ltd.(1)
    4,127,000     $ 2,151,705  
                 
            $ 2,151,705  
                 
Energy Equipment & Services — 3.7%
               
Ezion Holdings, Ltd. 
    10,185,000     $ 4,473,646  
                 
            $ 4,473,646  
                 
Food Products — 1.3%
               
Pacific Andes Resources Development, Ltd. 
    7,943,000     $ 1,588,430  
                 
            $ 1,588,430  
                 
Household Durables — 1.4%
               
HTL International Holdings, Ltd. 
    3,890,000     $ 1,639,182  
                 
            $ 1,639,182  
                 
IT Services — 0.9%
               
CSE Global, Ltd. 
    1,772,000     $ 1,082,070  
                 
            $ 1,082,070  
                 
Real Estate Investment Trusts (REITs) — 5.5%
               
CDL Hospitality Trusts
    3,656,000     $ 4,438,953  
Parkway Life Real Estate Investment Trust
    2,227,000       2,131,329  
                 
            $ 6,570,282  
                 
Specialty Retail — 1.6%
               
OSIM International, Ltd. 
    3,551,000     $ 1,978,202  
                 
            $ 1,978,202  
                 
Transportation Infrastructure — 3.7%
               
Singapore Airport Terminal Services, Ltd. 
    2,337,000     $ 4,439,824  
                 
            $ 4,439,824  
                 
 
3

 

                 
Security   Shares     Value  
Wireless Telecommunication Services — 2.5%
               
MobileOne, Ltd. 
    1,997,000     $ 2,980,916  
                 
            $ 2,980,916  
                 
                 
Total Singapore
(identified cost $26,981,411)
          $ 29,192,797  
                 
South Korea — 2.7%
               
                 
Containers & Packaging — 1.5%
               
Lock & Lock Co., Ltd. 
    64,440     $ 1,779,851  
                 
            $ 1,779,851  
                 
Media — 1.2%
               
Woongjin Thinkbig Co., Ltd. 
    81,430     $ 1,493,767  
                 
            $ 1,493,767  
                 
                 
Total South Korea
(identified cost $2,504,033)
          $ 3,273,618  
                 
Taiwan — 7.7%
               
                 
Chemicals — 1.1%
               
Taiwan Fertilizer Co., Ltd. 
    460,000     $ 1,280,575  
                 
            $ 1,280,575  
                 
Commercial Banks — 0.9%
               
SinoPac Financial Holdings Co., Ltd.(1)
    3,542,000     $ 1,073,568  
                 
            $ 1,073,568  
                 
Computers & Peripherals — 2.0%
               
Simplo Technology Co., Ltd. 
    221,100     $ 1,248,313  
Wistron Corp. 
    721,000       1,199,787  
                 
            $ 2,448,100  
                 
Semiconductors & Semiconductor Equipment — 2.4%
               
Greatek Electronics, Inc. 
    1,283,320     $ 1,312,623  
Powertech Technology, Inc. 
    540,000       1,616,453  
                 
            $ 2,929,076  
                 
Wireless Telecommunication Services — 1.3%
               
Far EasTone Telecommunications Co., Ltd. 
    1,266,000     $ 1,518,646  
                 
            $ 1,518,646  
                 
                 
Total Taiwan
(identified cost $8,864,367)
          $ 9,249,965  
                 
Thailand — 4.0%
               
                 
Insurance — 1.8%
               
Bangkok Life Assurance PCL NVDR
    3,028,700     $ 2,142,728  
                 
            $ 2,142,728  
                 
Real Estate Management & Development — 2.2%
               
L.P.N. Development PCL
    6,498,300     $ 1,349,232  
Land and Houses PCL
    8,540,700       1,292,533  
                 
            $ 2,641,765  
                 
                 
Total Thailand
(identified cost $4,264,671)
          $ 4,784,493  
                 
                 
Total Common Stocks
(identified cost $101,233,078)
          $ 112,969,605  
                 
 
4

 

Short-Term Investments — 3.4%
 
                 
    Principal
 		       
    Amount
 		       
Description   (000’s omitted)     Value  
State Street Bank and Trust Euro Time Deposit, 0.01%, 6/1/10
  $ 4,136     $ 4,135,951  
                 
                 
Total Short-Term Investments
(identified cost $4,135,951)
          $ 4,135,951  
                 
                 
Total Investments — 97.3%
(identified cost $105,369,029)
          $ 117,105,556  
                 
                 
Other Assets, Less Liabilities — 2.7%
          $ 3,190,049  
                 
                 
Net Assets — 100.0%
          $ 120,295,605  
                 
 
             
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
         
NVDR
  -   Non-Voting Depositary Receipt
         
PCL
  -   Public Company Ltd.
         
(1)
      Non-income producing security.
         
(2)
      Security valued at fair value using methods determined in good faith by or at the direction of the Trustees.
 
The Portfolio did not have any open financial instruments at May 31, 2010.
 
The cost and unrealized appreciation (depreciation) of investments of the Portfolio at May 31, 2010, as determined on a federal income tax basis, were as follows:
 
         
Aggregate cost
  $ 109,057,081  
         
Gross unrealized appreciation
  $ 16,364,725  
Gross unrealized depreciation
    (8,316,250 )
         
Net unrealized appreciation
  $ 8,048,475  
         
 
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)
 
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
 
5

 

At May 31, 2010, the inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:
 
                                 
    Quoted Prices in
 		                   
    Active Markets for
 		    Significant Other
 		    Significant
 		       
    Identical Assets     Observable Inputs     Unobservable Inputs        
       
Asset Description   (Level 1)     (Level 2)     (Level 3)     Total  
   
Common Stocks
                               
China
  $ 8,323,314     $ 34,813,950     $ —     $ 43,137,264  
Hong Kong
    —       788,163       0       788,163  
India
    1,763,567       5,935,483       —       7,699,050  
Indonesia
    —       6,516,979       —       6,516,979  
Malaysia
    1,612,651       4,487,480       —       6,100,131  
Philippines
    —       2,227,145       —       2,227,145  
Singapore
    —       29,192,797       —       29,192,797  
South Korea
    1,779,851       1,493,767       —       3,273,618  
Taiwan
    —       9,249,965       —       9,249,965  
Thailand
    1,349,232       3,435,261       —       4,784,493  
 
 
Total Common Stocks
  $ 14,828,615     $ 98,140,990 *   $ 0     $ 112,969,605  
 
 
Short-Term Investments
  $ —     $ 4,135,951     $ —     $ 4,135,951  
 
 
Total Investments
  $ 14,828,615     $ 102,276,941     $ 0     $ 117,105,556  
 
 
 
*  Includes foreign equity securities whose values were adjusted to reflect market trading that occurred after the close of trading in their applicable foreign markets.
 
There was no activity in investments valued based on Level 3 inputs during the period ended May 31, 2010 to require a reconciliation of Level 3 assets.
 
All Level 3 investments held at May 31, 2010 and August 31, 2009 were valued at $0.
 
For information on the Portfolio’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Portfolio’s most recent financial statements included in its semiannual or annual report to shareholders.
 
6

 

 
Eaton Vance Greater China Growth Fund as of May 31, 2010 (Unaudited)
 
Eaton Vance Greater China Growth Fund (the Fund), a non-diversified series of Eaton Vance Growth Trust, invests substantially all of its assets in Greater China Growth Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At May 31, 2010, the value of the Fund’s investment in the Portfolio was $228,200,158 and the Fund owned 99.9% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.
 
 

 

Greater China Growth Portfolio as of May 31, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited)
 
Common Stocks — 95.8%
 
                 
Security   Shares     Value  
China — 62.6%
               
                 
Commercial Banks — 7.1%
               
China Construction Bank, Class H
    10,508,000     $ 8,502,055  
Industrial & Commercial Bank of China, Ltd., Class H
    10,474,000       7,761,607  
                 
            $ 16,263,662  
                 
Communications Equipment — 1.0%
               
O-Net Communications Group, Ltd.(1)
    5,327,000     $ 2,168,729  
                 
            $ 2,168,729  
                 
Computers & Peripherals — 1.5%
               
Lenovo Group, Ltd. 
    5,552,000     $ 3,372,670  
                 
            $ 3,372,670  
                 
Construction Materials — 1.5%
               
Anhui Conch Cement Co., Ltd., Class H
    1,040,000     $ 3,405,939  
                 
            $ 3,405,939  
                 
Diversified Consumer Services — 1.3%
               
New Oriental Education & Technology Group Inc. ADR(1)
    32,400     $ 2,970,108  
                 
            $ 2,970,108  
                 
Diversified Financial Services — 1.8%
               
China Everbright, Ltd. 
    1,790,000     $ 3,990,856  
                 
            $ 3,990,856  
                 
Electrical Equipment — 1.6%
               
China High Speed Transmission Equipment Group Co., Ltd. 
    1,562,000     $ 3,659,057  
                 
            $ 3,659,057  
                 
Electronic Equipment, Instruments & Components — 1.0%
               
Digital China Holdings, Ltd. 
    1,487,000     $ 2,295,508  
                 
            $ 2,295,508  
                 
Energy Equipment & Services — 1.5%
               
China Oilfield Services, Ltd., Class H
    2,730,000     $ 3,330,808  
                 
            $ 3,330,808  
                 
Food & Staples Retailing — 1.7%
               
China Resources Enterprise, Ltd. 
    1,088,000     $ 3,758,759  
                 
            $ 3,758,759  
                 
Food Products — 3.5%
               
China Mengniu Dairy Co., Ltd.(1)
    1,459,000     $ 4,347,169  
China Minzhong Food Corp, Ltd.(1)
    4,522,000       3,681,806  
                 
            $ 8,028,975  
                 
Health Care Equipment & Supplies — 1.0%
               
Mindray Medical International, Ltd. ADR
    78,500     $ 2,334,590  
                 
            $ 2,334,590  
                 
Health Care Providers & Services — 1.0%
               
Sinopharm Group Co., Ltd., Class H
    560,800     $ 2,229,112  
                 
            $ 2,229,112  
                 
Household Durables — 1.9%
               
Skyworth Digital Holdings, Ltd. 
    5,176,162     $ 4,247,878  
                 
            $ 4,247,878  
                 
 
1

 

                 
Security   Shares     Value  
Household Products — 1.6%
               
Vinda International Holdings, Ltd. 
    4,714,000     $ 3,668,812  
                 
            $ 3,668,812  
                 
Industrial Conglomerates — 1.7%
               
Beijing Enterprises Holdings, Ltd. 
    620,000     $ 3,965,375  
                 
            $ 3,965,375  
                 
Insurance — 6.0%
               
China Life Insurance Co., Ltd., Class H
    1,954,000     $ 8,595,050  
China Pacific Insurance Group Co., Ltd., Class H
    590,000       2,314,870  
Ping An Insurance (Group) Co. of China, Ltd., Class H
    355,500       2,862,664  
                 
            $ 13,772,584  
                 
Internet Software & Services — 2.6%
               
Tencent Holdings, Ltd. 
    303,000     $ 5,860,449  
                 
            $ 5,860,449  
                 
Machinery — 2.2%
               
Lonking Holdings, Ltd. 
    4,403,000     $ 2,680,342  
Sany Heavy Equipment International Holdings Co., Ltd.(1)
    2,181,000       2,352,872  
                 
            $ 5,033,214  
                 
Media — 0.8%
               
Focus Media Holding, Ltd. ADR(1)
    121,600     $ 1,907,904  
                 
            $ 1,907,904  
                 
Metals & Mining — 1.0%
               
Real Gold Mining, Ltd.(1)
    1,491,500     $ 2,379,075  
                 
            $ 2,379,075  
                 
Multiline Retail — 1.0%
               
PCD Stores, Ltd.(1)
    7,906,000     $ 2,345,482  
                 
            $ 2,345,482  
                 
Oil, Gas & Consumable Fuels — 5.3%
               
China Shenhua Energy Co., Ltd., Class H
    1,392,000     $ 5,613,480  
CNOOC, Ltd. 
    4,062,000       6,500,118  
                 
            $ 12,113,598  
                 
Paper & Forest Products — 1.7%
               
Nine Dragons Paper Holdings, Ltd. 
    2,557,000     $ 3,809,360  
                 
            $ 3,809,360  
                 
Real Estate Management & Development — 3.4%
               
China Overseas Land & Investment, Ltd. 
    1,593,040     $ 3,150,726  
China Resources Land, Ltd. 
    1,460,000       2,760,095  
Longfor Properties Co., Ltd. 
    1,853,000       1,880,034  
                 
            $ 7,790,855  
                 
Specialty Retail — 1.7%
               
Belle International Holdings, Ltd. 
    2,886,000     $ 3,862,134  
                 
            $ 3,862,134  
                 
Textiles, Apparel & Luxury Goods — 2.2%
               
Ports Design, Ltd. 
    2,108,000     $ 5,116,768  
                 
            $ 5,116,768  
                 
Wireless Telecommunication Services — 4.0%
               
China Mobile, Ltd. 
    971,500     $ 9,201,701  
                 
            $ 9,201,701  
                 
                 
Total China
(identified cost $122,232,157)
          $ 142,883,962  
                 
 
2

 

                 
Security   Shares     Value  
Hong Kong — 13.6%
               
                 
Chemicals — 1.2%
               
Huabao International Holdings, Ltd. 
    2,216,000     $ 2,732,148  
                 
            $ 2,732,148  
                 
Commercial Banks — 2.5%
               
BOC Hong Kong Holdings, Ltd. 
    2,552,000     $ 5,755,307  
                 
            $ 5,755,307  
                 
Construction & Engineering — 1.4%
               
Shui On Construction and Materials, Ltd. 
    2,794,000     $ 3,297,655  
                 
            $ 3,297,655  
                 
Distributors — 2.2%
               
Li & Fung, Ltd. 
    1,130,000     $ 4,897,963  
                 
            $ 4,897,963  
                 
Real Estate Management & Development — 4.8%
               
Cheung Kong (Holdings), Ltd. 
    333,000     $ 3,795,560  
Kerry Properties, Ltd. 
    697,000       2,904,763  
Sun Hung Kai Properties, Ltd. 
    325,331       4,291,007  
                 
            $ 10,991,330  
                 
Specialty Retail — 0.9%
               
Esprit Holdings, Ltd. 
    328,916     $ 1,938,925  
                 
            $ 1,938,925  
                 
Textiles, Apparel & Luxury Goods — 0.6%
               
Texwinca Holdings, Ltd. 
    1,412,000     $ 1,414,466  
                 
            $ 1,414,466  
                 
                 
Total Hong Kong
(identified cost $32,199,035)
          $ 31,027,794  
                 
Luxembourg — 0.2%
               
                 
Specialty Retail — 0.2%
               
L’Occitane International SA(1)
    294,750     $ 598,858  
                 
            $ 598,858  
                 
                 
Total Luxembourg
(identified cost $578,257)
          $ 598,858  
                 
Taiwan — 19.4%
               
                 
Chemicals — 1.8%
               
Taiwan Fertilizer Co., Ltd. 
    1,461,000     $ 4,067,219  
                 
            $ 4,067,219  
                 
Computers & Peripherals — 3.4%
               
Acer, Inc. 
    1,692,210     $ 4,239,788  
Wistron Corp. 
    2,102,000       3,497,854  
                 
            $ 7,737,642  
                 
Diversified Telecommunication Services — 1.5%
               
Chunghwa Telecom Co., Ltd. 
    1,762,654     $ 3,412,833  
                 
            $ 3,412,833  
                 
Electronic Equipment, Instruments & Components — 6.3%
               
AU Optronics Corp. 
    3,496,000     $ 3,439,137  
Hon Hai Precision Industry Co., Ltd.(1)
    1,719,464       6,696,067  
Synnex Technology International Corp. 
    2,009,000       4,335,971  
                 
            $ 14,471,175  
                 
 
3

 

                 
Security   Shares     Value  
Real Estate Management & Development — 1.1%
               
Hung Poo Real Estate Development Corp. 
    1,897,000     $ 2,489,182  
                 
            $ 2,489,182  
                 
Semiconductors & Semiconductor Equipment — 5.3%
               
MediaTek, Inc. 
    273,825     $ 4,479,527  
Powertech Technology, Inc. 
    784,000       2,346,850  
Taiwan Semiconductor Manufacturing Co., Ltd. 
    2,786,839       5,247,661  
                 
            $ 12,074,038  
                 
                 
Total Taiwan
(identified cost $44,837,333)
          $ 44,252,089  
                 
                 
Total Common Stocks
(identified cost $199,846,782)
          $ 218,762,703  
                 
 
Short-Term Investments — 2.2%
 
                 
    Principal
 		       
    Amount
 		       
Description   (000’s omitted)     Value  
State Street Bank and Trust Euro Time Deposit, 0.01%, 6/1/10
  $ 4,976     $ 4,975,839  
                 
                 
Total Short-Term Investments
(identified cost $4,975,839)
          $ 4,975,839  
                 
                 
Total Investments — 98.0%
(identified cost $204,822,621)
          $ 223,738,542  
                 
                 
Other Assets, Less Liabilities — 2.0%
          $ 4,461,978  
                 
                 
Net Assets — 100.0%
          $ 228,200,520  
                 
 
             
 
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
         
ADR
  -   American Depositary Receipt
         
(1)
      Non-income producing security.
 
The Portfolio did not have any open financial instruments at May 31, 2010.
 
The cost and unrealized appreciation (depreciation) of investments of the Portfolio at May 31, 2010, as determined on a federal income tax basis, were as follows:
 
         
Aggregate cost
  $ 204,822,621  
         
Gross unrealized appreciation
  $ 31,562,647  
Gross unrealized depreciation
    (12,646,726 )
         
Net unrealized appreciation
  $ 18,915,921  
         
 
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)
 
4

 

 
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
 
At May 31, 2010, the inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:
 
                                 
    Quoted Prices in
 		                   
    Active Markets for
 		    Significant Other
 		    Significant
 		       
    Identical Assets     Observable Inputs     Unobservable Inputs        
       
Asset Description   (Level 1)     (Level 2)     (Level 3)     Total  
   
Common Stocks
                               
Consumer Discretionary
  $ 5,476,870     $ 23,823,616     $ —     $ 29,300,486  
Consumer Staples
    3,681,805       11,774,740       —       15,456,545  
Energy
    —       15,444,406       —       15,444,406  
Financials
    12,789,954       48,263,823       —       61,053,777  
Health Care
    2,334,590       2,229,112       —       4,563,702  
Industrials
    2,352,872       13,602,429       —       15,955,301  
Information Technology
    2,168,729       45,811,482       —       47,980,211  
Materials
    —       16,393,741       —       16,393,741  
Telecommunication Services
    —       12,614,534       —       12,614,534  
 
 
Total Common Stocks
  $ 28,804,820     $ 189,957,883 *   $ —     $ 218,762,703  
 
 
Short-Term Investments
  $ —     $ 4,975,839     $ —     $ 4,975,839  
 
 
Total Investments
  $ 28,804,820     $ 194,933,722     $ —     $ 223,738,542  
 
 
 
*  Includes foreign equity securities whose values were adjusted to reflect market trading that occurred after the close of trading in their applicable foreign markets.
 
The Portfolio held no investments or other financial instruments as of August 31, 2009 whose fair value was determined using Level 3 inputs.
 
For information on the Portfolio’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Portfolio’s most recent financial statements included in its semiannual or annual report to shareholders.
 
5

 

 
Eaton Vance Global Growth Fund as of May 31, 2010 (Unaudited)
 
Eaton Vance Global Growth Fund (the Fund), a diversified series of Eaton Vance Growth Trust, invests substantially all of its assets in Global Growth Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At May 31, 2010, the value of the Fund’s investment in the Portfolio was $49,575,883 and the Fund owned 99.9% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.
 
Subsequent Event
 
In June 2010, the Trustees of the Fund approved an Agreement and Plan of Reorganization whereby the Eaton Vance Multi-Cap Growth Fund would acquire substantially all the assets and assume substantially all the liabilities of the Fund in exchange for shares of Eaton Vance Multi-Cap Growth Fund. The proposed reorganization is subject to approval by the shareholders of the Fund. The Portfolio would be dissolved upon consummation of the proposed reorganization.
 
 

 

Global Growth Portfolio as of May 31, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited)
 
Common Stocks — 89.5%
 
                 
Security   Shares     Value  
Automobiles — 1.5%
               
Fiat SpA
    8,300     $ 88,236  
Honda Motor Co., Ltd. 
    10,000       303,941  
Nissan Motor Co., Ltd.(1)
    33,000       237,393  
Toyota Motor Corp. 
    3,700       133,980  
                 
            $ 763,550  
                 
Beverages — 1.2%
               
Central European Distribution Corp.(1)(2)
    11,200     $ 286,272  
Fomento Economico Mexicano SA de CV ADR
    6,800       286,824  
                 
            $ 573,096  
                 
Biotechnology — 1.2%
               
Amylin Pharmaceuticals, Inc.(1)(2)
    19,700     $ 325,444  
Genzyme Corp.(1)(2)
    5,200       252,980  
                 
            $ 578,424  
                 
Building Products — 2.4%
               
Armstrong World Industries, Inc.(1)(2)
    2,000     $ 74,980  
Lennox International, Inc.(2)
    3,340       149,465  
Owens Corning, Inc.(1)
    19,613       653,701  
Wienerberger AG(1)
    19,740       295,416  
                 
            $ 1,173,562  
                 
Capital Markets — 0.2%
               
3i Group PLC
    26,000     $ 106,455  
                 
            $ 106,455  
                 
Chemicals — 2.1%
               
Agrium, Inc. 
    5,000     $ 274,450  
Albemarle Corp.(2)
    3,700       159,322  
BASF SE(2)
    4,200       221,014  
Celanese Corp., Class A(2)
    8,900       255,163  
STR Holdings, Inc.(1)
    5,348       113,431  
                 
            $ 1,023,380  
                 
Commercial Banks — 7.5%
               
Barclays PLC
    104,000     $ 453,662  
BNP Paribas(2)
    6,700       379,623  
BOC Hong Kong Holdings, Ltd. 
    243,000       542,797  
DBS Group Holdings, Ltd. 
    72,000       708,802  
KBC Groep NV(1)
    5,300       204,565  
Mitsubishi UFJ Financial Group, Inc. 
    39,000       188,864  
Societe Generale(2)
    3,900       166,878  
TCF Financial Corp. 
    8,900       143,646  
Turkiye Is Bankasi
    45,296       139,346  
Wells Fargo & Co.(2)
    26,900       771,761  
                 
            $ 3,699,944  
                 
Commercial Services & Supplies — 1.3%
               
Copart, Inc.(1)(2)
    9,800     $ 351,820  
Grand Canyon Education, Inc.(1)(2)
    11,000       270,160  
                 
            $ 621,980  
                 
Communications Equipment — 2.1%
               
Acme Packet, Inc.(1)(2)
    6,000     $ 175,860  
Brocade Communications Systems, Inc.(1)
    54,979       299,636  
 
1

 

                 
Security   Shares     Value  
Research In Motion, Ltd.(1)
    4,445     $ 269,811  
Riverbed Technology, Inc.(1)(2)
    11,700       312,741  
                 
            $ 1,058,048  
                 
Computers & Peripherals — 1.0%
               
Apple, Inc.(1)(2)
    1,300     $ 334,308  
Toshiba Corp.(1)
    32,000       164,122  
                 
            $ 498,430  
                 
Construction & Engineering — 0.7%
               
Shaw Group, Inc. (The)(1)(2)
    4,316     $ 147,219  
Vinci SA(2)
    4,000       178,487  
                 
            $ 325,706  
                 
Consumer Finance — 1.7%
               
American Express Co. 
    14,250     $ 568,148  
ORIX Corp. 
    3,800       289,620  
                 
            $ 857,768  
                 
Diversified Consumer Services — 1.2%
               
Coinstar, Inc.(1)(2)
    11,200     $ 600,992  
                 
            $ 600,992  
                 
Diversified Financial Services — 0.9%
               
Bank of America Corp.(2)
    8,200     $ 129,068  
CIT Group, Inc.(1)
    9,000       331,110  
                 
            $ 460,178  
                 
Diversified Telecommunication Services — 1.2%
               
Koninklijke KPN NV
    15,100     $ 194,827  
Telefonica SA
    21,100       400,620  
                 
            $ 595,447  
                 
Electric Utilities — 0.4%
               
E.ON AG ADR
    6,000     $ 182,700  
                 
            $ 182,700  
                 
Electrical Equipment — 1.2%
               
ABB, Ltd. ADR(1)
    16,300     $ 277,263  
Harbin Electric, Inc.(1)(2)
    16,700       331,328  
                 
            $ 608,591  
                 
Electronic Equipment, Instruments & Components — 2.1%
               
FUJIFILM Holdings Corp. 
    22,200     $ 653,869  
Hon Hai Precision Industry Co., Ltd.(1)
    67,000       264,833  
Nidec Corp. 
    1,300       118,205  
                 
            $ 1,036,907  
                 
Energy Equipment & Services — 1.4%
               
CGGVeritas(1)
    4,200     $ 94,466  
OAO TMK GDR(1)(3)
    20,100       340,427  
Tenaris SA ADR(2)
    6,500       241,280  
                 
            $ 676,173  
                 
Food Products — 4.6%
               
Flowers Foods, Inc.(2)
    11,000     $ 271,810  
Green Mountain Coffee Roasters, Inc.(1)
    5,900       139,535  
H.J. Heinz Co.(2)
    12,700       561,086  
Lancaster Colony Corp.(2)
    2,700       147,582  
Nestle SA
    16,200       731,103  
Unilever PLC
    16,000       429,679  
                 
            $ 2,280,795  
                 
 
2

 

                 
Security   Shares     Value  
Health Care Equipment & Supplies — 1.5%
               
Masimo Corp.(2)
    10,600     $ 234,684  
Mindray Medical International, Ltd. ADR(2)
    4,000       118,960  
NuVasive, Inc.(1)(2)
    3,100       121,737  
Talecris Biotherapeutics Holdings Corp.(1)(2)
    15,600       258,648  
                 
            $ 734,029  
                 
Health Care Providers & Services — 1.2%
               
Laboratory Corp. of America Holdings(1)(2)
    2,100     $ 158,781  
Lincare Holdings, Inc.(1)(2)
    7,200       337,104  
Quest Diagnostics, Inc. 
    1,592       83,978  
                 
            $ 579,863  
                 
Hotels, Restaurants & Leisure — 1.5%
               
Bally Technologies, Inc.(1)(2)
    7,000     $ 297,500  
Carnival PLC
    4,400       165,416  
Jack in the Box, Inc.(1)(2)
    13,000       291,720  
                 
            $ 754,636  
                 
Household Durables — 3.9%
               
Desarrolladora Homex SA de CV ADR(1)(2)
    15,100     $ 398,036  
LG Electronics, Inc. 
    1,400       118,676  
Tempur-Pedic International, Inc.(1)(2)
    23,273       772,664  
Whirlpool Corp.(2)
    6,210       648,572  
                 
            $ 1,937,948  
                 
Household Products — 0.9%
               
Church & Dwight Co., Inc.(2)
    5,200     $ 342,212  
Henkel AG & Co. KGaA
    3,000       119,357  
                 
            $ 461,569  
                 
Industrial Conglomerates — 1.7%
               
Cookson Group PLC(1)
    50,000     $ 341,359  
Keppel Corp., Ltd. 
    84,200       523,758  
                 
            $ 865,117  
                 
Insurance — 1.3%
               
AXA SA ADR
    8,600     $ 141,900  
Fairfax Financial Holdings, Ltd. 
    210       79,968  
Swiss Reinsurance Co., Ltd. 
    5,100       206,519  
Zurich Financial Services AG
    1,100       223,503  
                 
            $ 651,890  
                 
Internet Software & Services — 0.5%
               
Monster Worldwide, Inc.(1)(2)
    17,500     $ 258,825  
                 
            $ 258,825  
                 
IT Services — 0.1%
               
Amadeus IT Holding SA, Class A(1)
    4,403     $ 66,783  
                 
            $ 66,783  
                 
Machinery — 0.6%
               
PACCAR, Inc. 
    1,600     $ 65,600  
Volvo AB(1)
    20,500       211,472  
                 
            $ 277,072  
                 
Media — 3.9%
               
Central European Media Enterprises, Ltd., Class A(1)(2)
    13,100     $ 331,692  
DIRECTV, Class A(1)(2)
    23,704       893,404  
Liberty Media Corp. - Capital, Class A(1)(2)
    3,850       161,931  
McGraw-Hill Cos., Inc. (The)(2)
    19,200       533,760  
                 
            $ 1,920,787  
                 
 
3

 

                 
Security   Shares     Value  
Metals & Mining — 3.9%
               
Anglo American PLC ADR(1)
    18,010     $ 342,370  
ArcelorMittal(2)
    12,800       388,096  
Freeport-McMoRan Copper & Gold, Inc.(2)
    4,200       294,210  
Sterlite Industries India, Ltd. ADR(2)
    14,800       211,048  
Thompson Creek Metals Co., Inc.(1)(2)
    30,800       303,380  
Vale SA ADR(2)
    16,600       382,630  
                 
            $ 1,921,734  
                 
Multi-Utilities — 0.6%
               
RWE AG
    4,200     $ 302,286  
                 
            $ 302,286  
                 
Multiline Retail — 0.8%
               
Big Lots, Inc.(1)(2)
    11,700     $ 413,361  
                 
            $ 413,361  
                 
Office Electronics — 0.9%
               
Canon, Inc. 
    10,900     $ 445,535  
                 
            $ 445,535  
                 
Oil, Gas & Consumable Fuels — 7.2%
               
Alpha Natural Resources, Inc.(1)(2)
    8,968     $ 344,102  
Forest Oil Corp.(1)(2)
    13,200       351,648  
KazMunaiGas Exploration Production GDR
    6,300       133,759  
LUKOIL OAO ADR
    6,700       324,280  
Newfield Exploration Co.(1)
    3,300       171,798  
Nexen, Inc. 
    26,000       567,060  
Petroleo Brasileiro SA ADR
    14,200       439,774  
Rosetta Resources, Inc.(1)(2)
    6,545       143,532  
Soco International PLC(1)
    11,200       257,919  
Statoil ASA ADR(2)
    12,295       247,129  
Total SA ADR(2)
    8,900       415,007  
Whiting Petroleum Corp.(1)(2)
    1,900       159,049  
                 
            $ 3,555,057  
                 
Pharmaceuticals — 4.0%
               
AstraZeneca PLC ADR(2)
    4,400     $ 185,900  
Biovail Corp. 
    6,723       100,912  
GlaxoSmithKline PLC ADR(2)
    10,700       358,022  
Novartis AG ADR
    18,800       846,188  
Sanofi-Aventis(2)
    4,200       251,414  
Warner Chilcott PLC, Class A(1)(2)
    11,500       265,880  
                 
            $ 2,008,316  
                 
Real Estate Management & Development — 0.2%
               
Raven Russia, Ltd. 
    169,000     $ 108,109  
                 
            $ 108,109  
                 
Road & Rail — 0.7%
               
All America Latina Logistica SA (Units)
    20,000     $ 162,050  
Kansas City Southern(1)
    4,500       171,765  
                 
            $ 333,815  
                 
Semiconductors & Semiconductor Equipment — 2.7%
               
Alpha & Omega Semiconductor Ltd.(1)(2)
    18,034     $ 268,526  
Atheros Communications, Inc.(1)(2)
    3,921       133,314  
Cirrus Logic, Inc.(1)(2)
    12,400       176,266  
Cypress Semiconductor Corp.(1)(2)
    26,500       301,835  
Tessera Technologies, Inc.(1)(2)
    25,320       440,062  
                 
            $ 1,320,003  
                 
 
4

 

                 
Security   Shares     Value  
Software — 0.5%
               
Concur Technologies, Inc.(1)(2)
    6,200     $ 262,260  
                 
            $ 262,260  
                 
Specialty Retail — 1.9%
               
Abercrombie & Fitch Co., Class A(2)
    1,900     $ 68,077  
Advance Auto Parts, Inc.(2)
    7,973       412,682  
Kingfisher PLC
    71,000       228,013  
Limited Brands, Inc.(2)
    8,500       211,310  
                 
            $ 920,082  
                 
Textiles, Apparel & Luxury Goods — 3.4%
               
Gildan Activewear, Inc.(1)(2)
    32,749     $ 947,101  
Hanesbrands, Inc.(1)
    27,400       747,472  
                 
            $ 1,694,573  
                 
Tobacco — 1.4%
               
British American Tobacco PLC
    23,500     $ 689,978  
                 
            $ 689,978  
                 
Trading Companies & Distributors — 2.5%
               
Mitsubishi Corp. 
    7,000     $ 157,637  
Mitsui & Co., Ltd. 
    57,000       817,075  
WESCO International, Inc.(1)(2)
    7,720       288,728  
                 
            $ 1,263,440  
                 
Wireless Telecommunication Services — 5.8%
               
Crown Castle International Corp.(1)(2)
    19,500     $ 722,085  
Leap Wireless International, Inc.(1)(2)
    10,000       163,300  
NII Holdings, Inc.(1)
    24,805       904,638  
Rogers Communications, Inc., Class B(2)
    19,000       646,570  
Turkcell Iletisim Hizmetleri AS ADR(2)
    33,000       444,840  
                 
            $ 2,881,433  
                 
                 
Total Common Stocks
(identified cost $40,010,807)
          $ 44,350,627  
                 
 
Investment Funds — 1.3%
 
                 
Security   Shares     Value  
Capital Markets — 1.3%
               
SPDR S&P MidCap 400 ETF Trust(2)
    4,800     $ 665,712  
                 
                 
Total Investment Funds
(identified cost $606,489)
          $ 665,712  
                 
 
5

 

Short-Term Investments — 36.1%
 
                 
    Interest
 		       
Description   (000’s omitted)     Value  
Eaton Vance Cash Collateral Fund, LLC, 0.23%(4)(5)
  $ 13,368     $ 13,367,890  
Eaton Vance Cash Reserves Fund, LLC, 0.24%(4)
    4,514       4,513,604  
                 
                 
Total Short-Term Investments
(identified cost $17,881,494)
          $ 17,881,494  
                 
                 
Total Investments — 126.9%
(identified cost $58,498,790)
          $ 62,897,833  
                 
                 
Other Assets, Less Liabilities — (26.9)%
          $ (13,321,761 )
                 
                 
Net Assets — 100.0%
          $ 49,576,072  
                 
 
             
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
         
ADR
  -   American Depositary Receipt
         
GDR
  -   Global Depositary Receipt
         
(1)
      Non-income producing security.
         
(2)
      All or a portion of this security was on loan at May 31, 2010.
         
(3)
      Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.
         
(4)
      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 May 31, 2010. Income earned from investments in Eaton Vance Cash Collateral Fund, LLC (excluding loan rebate fees) and net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC and Cash Management Portfolio, an affiliated investment company, for the fiscal year to date ended May 31, 2010 were $21,494, $1,241 and $0, respectively.
         
(5)
      The amount invested in Eaton Vance Cash Collateral Fund, LLC represents cash collateral received for securities on loan at May 31, 2010. Other Assets, Less Liabilities includes an equal and offsetting liability of the Portfolio to repay collateral amounts upon the return of loaned securities. At May 31, 2010, the Portfolio loaned securities having a market value of $12,839,798 and received $13,367,890 of cash collateral for the loans.
 
6

 

Country Concentration of Portfolio
 
                 
    Percentage
 		       
Country   of Net Assets     Value  
United States
    42.1 %   $ 20,880,622  
United Kingdom
    7.2       3,558,773  
Japan
    7.1       3,510,241  
Canada
    6.4       3,189,252  
Switzerland
    4.6       2,284,576  
France
    3.3       1,627,775  
Singapore
    2.5       1,232,560  
Brazil
    2.0       984,454  
Germany
    1.7       825,357  
Russia
    1.6       772,816  
Mexico
    1.4       684,860  
Turkey
    1.2       584,186  
Netherlands
    1.2       582,923  
Hong Kong
    1.1       542,797  
Spain
    0.9       467,403  
Czech Republic
    0.7       331,692  
Italy
    0.7       329,516  
Austria
    0.6       295,416  
Poland
    0.6       286,272  
Bermuda
    0.5       268,526  
Ireland
    0.5       265,880  
Taiwan
    0.5       264,833  
Norway
    0.5       247,129  
Sweden
    0.4       211,472  
India
    0.4       211,048  
Belgium
    0.4       204,565  
Kazakhstan
    0.3       133,759  
China
    0.2       118,960  
South Korea
    0.2       118,676  
                 
Long-Term Investments
    90.8 %   $ 45,016,339  
Short-Term Investments
            17,881,494  
                 
Total Investments
          $ 62,897,833  
                 
 
The Portfolio did not have any open financial instruments at May 31, 2010.
 
The cost and unrealized appreciation (depreciation) of investments of the Portfolio at May 31, 2010, as determined on a federal income tax basis, were as follows:
 
         
Aggregate cost
  $ 59,617,557  
         
Gross unrealized appreciation
  $ 6,249,465  
Gross unrealized depreciation
    (2,969,189 )
         
Net unrealized appreciation
  $ 3,280,276  
         
 
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)
 
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
 
7

 

At May 31, 2010, the inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:
 
                                 
    Quoted Prices in
 		                   
    Active Markets for
 		    Significant Other
 		    Significant
 		       
    Identical Assets     Observable Inputs     Unobservable Inputs        
       
Asset Description   (Level 1)     (Level 2)     (Level 3)     Total  
   
Common Stocks
                               
Consumer Discretionary
  $ 8,000,434     $ 1,275,654     $ —     $ 9,276,088  
Consumer Staples
    2,035,321       1,970,118       —       4,005,439  
Energy
    3,404,659       826,571       —       4,231,230  
Financials
    2,165,600       3,718,744       —       5,884,344  
Health Care
    3,649,218       251,414       —       3,900,632  
Industrials
    2,673,919       2,643,411       —       5,317,330  
Information Technology
    3,300,226       1,528,359       —       4,828,585  
Materials
    2,724,100       221,014       —       2,945,114  
Telecommunication Services
    2,881,433       595,447       —       3,476,880  
Utilities
    182,700       302,285       —       484,985  
 
 
Total Common Stocks
  $ 31,017,610     $ 13,333,017 *   $ —     $ 44,350,627  
 
 
Investment Funds
  $ 665,712     $ —     $ —     $ 665,712  
Short-Term Investments
    —       17,881,494       —       17,881,494  
 
 
Total Investments
  $ 31,683,322     $ 31,214,511     $ —     $ 62,897,833  
 
 
 
* Includes foreign equity securities whose values were adjusted to reflect market trading that occurred after the close of trading in their applicable foreign markets.
 
The Portfolio held no investments or other financial instruments as of August 31, 2009 whose fair value was determined using Level 3 inputs.
 
For information on the Portfolio’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Portfolio’s most recent financial statements included in its semiannual or annual report to shareholders.
 
8

 

 
Eaton Vance Multi-Cap Growth Fund as of May 31, 2010 (Unaudited)
 
Eaton Vance Multi-Cap Growth Fund (the Fund), a diversified series of Eaton Vance Growth Trust, invests substantially all of its assets in Multi-Cap Growth Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At May 31, 2010, the value of the Fund’s investment in the Portfolio was $145,681,771 and the Fund owned 90.9% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.
 
Subsequent Event
 
In June 2010, the Trustees of the Fund approved an Agreement and Plan of Reorganization whereby the Fund would acquire substantially all the assets and assume substantially all the liabilities of Eaton Vance Global Growth Fund in exchange for shares of the Fund. The proposed reorganization is subject to approval by the shareholders of Eaton Vance Global Growth Fund.
 
 

 

Multi-Cap Growth Portfolio as of May 31, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited)
 
Common Stocks — 87.8%
 
                 
Security   Shares     Value  
Biotechnology — 2.0%
               
Amylin Pharmaceuticals, Inc.(1)(2)
    111,000     $ 1,833,720  
Genzyme Corp.(1)(2)
    29,091       1,415,277  
                 
            $ 3,248,997  
                 
Building Products — 3.1%
               
Armstrong World Industries, Inc.(1)(2)
    11,300     $ 423,637  
Lennox International, Inc.(2)
    18,640       834,140  
Owens Corning, Inc.(1)(2)
    109,872       3,662,034  
                 
            $ 4,919,811  
                 
Chemicals — 1.8%
               
Albemarle Corp.(2)
    20,700     $ 891,342  
Celanese Corp., Class A(2)
    48,450       1,389,062  
STR Holdings, Inc.(1)
    29,920       634,603  
                 
            $ 2,915,007  
                 
Commercial Banks — 3.2%
               
TCF Financial Corp.(2)
    50,000     $ 807,000  
Wells Fargo & Co. 
    151,460       4,345,387  
                 
            $ 5,152,387  
                 
Commercial Services & Supplies — 2.2%
               
Copart, Inc.(1)(2)
    55,240     $ 1,983,116  
Grand Canyon Education, Inc.(1)(2)
    62,000       1,522,720  
                 
            $ 3,505,836  
                 
Communications Equipment — 1.1%
               
Acme Packet, Inc.(1)(2)
    34,000     $ 996,540  
Brocade Communications Systems, Inc.(1)
    146,000       795,700  
                 
            $ 1,792,240  
                 
Computers & Peripherals — 3.6%
               
Apple, Inc.(1)(2)
    22,400     $ 5,760,384  
                 
            $ 5,760,384  
                 
Construction & Engineering — 0.5%
               
Shaw Group, Inc. (The)(1)(2)
    24,413     $ 832,727  
                 
            $ 832,727  
                 
Consumer Finance — 2.0%
               
American Express Co. 
    80,177     $ 3,196,657  
                 
            $ 3,196,657  
                 
Diversified Consumer Services — 2.1%
               
Coinstar, Inc.(1)(2)
    63,500     $ 3,407,410  
                 
            $ 3,407,410  
                 
Diversified Financial Services — 1.6%
               
Bank of America Corp. 
    46,000     $ 724,040  
CIT Group, Inc.(1)
    50,000       1,839,500  
                 
            $ 2,563,540  
                 
Electrical Equipment — 1.2%
               
Harbin Electric, Inc.(1)(2)
    93,000     $ 1,845,120  
                 
            $ 1,845,120  
                 
Food Products — 4.0%
               
Flowers Foods, Inc.(2)
    63,000     $ 1,556,730  
Green Mountain Coffee Roasters, Inc.(1)(2)
    33,100       782,815  
 
1

 

                 
Security   Shares     Value  
H.J. Heinz Co.(2)
    72,000     $ 3,180,960  
Lancaster Colony Corp.(2)
    15,150       828,099  
                 
            $ 6,348,604  
                 
Health Care Equipment & Supplies — 2.1%
               
Masimo Corp.(2)
    59,568     $ 1,318,836  
NuVasive, Inc.(1)(2)
    17,000       667,590  
Talecris Biotherapeutics Holdings Corp.(1)(2)
    88,000       1,459,040  
                 
            $ 3,445,466  
                 
Health Care Providers & Services — 1.5%
               
Lincare Holdings, Inc.(1)(2)
    40,000     $ 1,872,800  
Quest Diagnostics, Inc. 
    9,040       476,860  
                 
            $ 2,349,660  
                 
Hotels, Restaurants & Leisure — 2.2%
               
Bally Technologies, Inc.(1)(2)
    43,743     $ 1,859,077  
Jack in the Box, Inc.(1)(2)
    74,000       1,660,560  
                 
            $ 3,519,637  
                 
Household Durables — 5.3%
               
Tempur-Pedic International, Inc.(1)(2)
    132,900     $ 4,412,280  
Whirlpool Corp.(2)
    39,196       4,093,630  
                 
            $ 8,505,910  
                 
Household Products — 0.9%
               
Church & Dwight Co., Inc.(2)
    21,030     $ 1,383,984  
                 
            $ 1,383,984  
                 
Insurance — 0.3%
               
Fairfax Financial Holdings, Ltd. 
    1,182     $ 450,106  
                 
            $ 450,106  
                 
Internet Software & Services — 3.1%
               
Monster Worldwide, Inc.(1)(2)
    112,500     $ 1,663,875  
VeriSign, Inc.(1)(2)
    120,000       3,349,200  
                 
            $ 5,013,075  
                 
IT Services — 4.7%
               
Alliance Data Systems Corp.(1)(2)
    55,710     $ 3,936,468  
Amadeus IT Holding SA, Class A(1)
    25,157       381,571  
MasterCard, Inc., Class A(2)
    15,630       3,153,665  
                 
            $ 7,471,704  
                 
Machinery — 0.2%
               
PACCAR, Inc.(2)
    8,680     $ 355,880  
                 
            $ 355,880  
                 
Media — 5.6%
               
DIRECTV, Class A(1)(2)
    133,881     $ 5,045,975  
Liberty Capital, Class A(1)(2)
    22,000       925,320  
McGraw-Hill Cos., Inc. (The)(2)
    109,210       3,036,038  
                 
            $ 9,007,333  
                 
Metals & Mining — 1.0%
               
Freeport-McMoRan Copper & Gold, Inc. 
    23,350     $ 1,635,668  
                 
            $ 1,635,668  
                 
Multiline Retail — 1.5%
               
Big Lots, Inc.(1)
    68,741     $ 2,428,620  
                 
            $ 2,428,620  
                 
Oil, Gas & Consumable Fuels — 6.2%
               
Alpha Natural Resources, Inc.(1)(2)
    50,249     $ 1,928,054  
Forest Oil Corp.(1)(2)
    74,500       1,984,680  
 
2

 

                 
Security   Shares     Value  
Newfield Exploration Co.(1)
    19,560     $ 1,018,294  
Nexen, Inc. 
    147,000       3,206,070  
Rosetta Resources, Inc.(1)(2)
    37,400       820,182  
Whiting Petroleum Corp.(1)(2)
    11,000       920,810  
                 
            $ 9,878,090  
                 
Pharmaceuticals — 1.2%
               
Biovail Corp. 
    29,687     $ 445,602  
Warner Chilcott PLC, Class A(1)(2)
    67,000       1,549,040  
                 
            $ 1,994,642  
                 
Road & Rail — 0.6%
               
Kansas City Southern(1)(2)
    25,000     $ 954,250  
                 
            $ 954,250  
                 
Semiconductors & Semiconductor Equipment — 3.5%
               
Alpha & Omega Semiconductor, Ltd.(1)(2)
    54,397     $ 809,971  
Atheros Communications, Inc.(1)(2)
    21,990       747,660  
Cirrus Logic, Inc.(1)(2)
    69,000       980,835  
Cypress Semiconductor Corp.(1)(2)
    207,000       2,357,730  
Tessera Technologies, Inc.(1)(2)
    41,465       720,662  
                 
            $ 5,616,858  
                 
Software — 1.5%
               
Activision Blizzard, Inc. 
    150,000     $ 1,612,500  
Concur Technologies, Inc.(1)
    19,000       803,700  
                 
            $ 2,416,200  
                 
Specialty Retail — 2.4%
               
Abercrombie & Fitch Co., Class A(2)
    10,600     $ 379,798  
Advance Auto Parts, Inc.(2)
    44,786       2,318,123  
Limited Brands, Inc.(2)
    48,000       1,193,280  
                 
            $ 3,891,201  
                 
Textiles, Apparel & Luxury Goods — 6.0%
               
Gildan Activewear, Inc.(1)(2)
    184,350     $ 5,331,402  
Hanesbrands, Inc.(1)(2)
    156,236       4,262,118  
                 
            $ 9,593,520  
                 
Trading Companies & Distributors — 1.0%
               
WESCO International, Inc.(1)(2)
    43,000     $ 1,608,200  
                 
            $ 1,608,200  
                 
Wireless Telecommunication Services — 8.6%
               
Crown Castle International Corp.(1)(2)
    109,400     $ 4,051,082  
Leap Wireless International, Inc.(1)(2)
    56,000       914,480  
NII Holdings, Inc.(1)(2)
    137,933       5,030,417  
Rogers Communications, Inc., Class B(2)
    110,840       3,771,885  
                 
            $ 13,767,864  
                 
                 
Total Common Stocks
(identified cost $111,323,594)
          $ 140,776,588  
                 
 
Investment Funds — 0.0%
 
                 
Security   Shares     Value  
Capital Markets — 0.0%
               
iShares Russell 2000 Index Fund(2)
    100     $ 6,625  
SPDR S&P 500 ETF Trust(2)
    100       10,944  
                 
                 
Total Investment Funds
(identified cost $13,076)
          $ 17,569  
                 
 
3

 

Short-Term Investments — 43.9%
 
                 
    Interest
 		       
Description   (000’s omitted)     Value  
Eaton Vance Cash Collateral Fund, LLC, 0.23%(3)(4)
  $ 46,342     $ 46,342,289  
Eaton Vance Cash Reserves Fund, LLC, 0.24%(3)
    23,991       23,991,001  
                 
                 
Total Short-Term Investments
(identified cost $70,333,290)
          $ 70,333,290  
                 
                 
Total Investments — 131.7%
(identified cost $181,669,960)
          $ 211,127,447  
                 
                 
Other Assets, Less Liabilities — (31.7)%
          $ (50,877,692 )
                 
                 
Net Assets — 100.0%
          $ 160,249,755  
                 
             
 
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 May 31, 2010.
         
(3)
      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 May 31, 2010. Income earned from investments in Eaton Vance Cash Collateral Fund, LLC (excluding loan rebate fees) and net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC and Cash Management Portfolio, an affiliated investment company, for the fiscal year to date ended May 31, 2010 were $73,835, $5,480 and $0, respectively.
         
(4)
      The amount invested in Eaton Vance Cash Collateral Fund, LLC represents cash collateral received for securities on loan at May 31, 2010. Other Assets, Less Liabilities includes an equal and offsetting liability of the Portfolio to repay collateral amounts upon the return of loaned securities. At May 31, 2010, the Portfolio loaned securities having a market value of $44,939,586 and received $46,342,289 of cash collateral for the loans.
 
4

 

The Portfolio did not have any open financial instruments at May 31, 2010.
 
The cost and unrealized appreciation (depreciation) of investments of the Portfolio at May 31, 2010, as determined on a federal income tax basis, were as follows:
 
         
Aggregate cost
  $ 187,402,897  
         
Gross unrealized appreciation
  $ 27,253,138  
Gross unrealized depreciation
    (3,528,588 )
         
Net unrealized appreciation
  $ 23,724,550  
         
 
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)
 
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
 
At May 31, 2010, the inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:
 
                                 
    Quoted Prices in
 		                   
    Active Markets for
 		    Significant Other
 		    Significant
 		       
    Identical Assets     Observable Inputs     Unobservable Inputs        
       
Asset Description   (Level 1)     (Level 2)     (Level 3)     Total  
   
Common Stocks
                               
Consumer Discretionary
  $ 41,876,352     $ —     $ —     $ 41,876,352  
Consumer Staples
    7,732,588       —       —       7,732,588  
Energy
    9,878,090       —       —       9,878,090  
Financials
    11,362,690       —       —       11,362,690  
Health Care
    11,038,765       —       —       11,038,765  
Industrials
    12,499,104       —       —       12,499,104  
Information Technology
    27,688,890       381,571       —       28,070,461  
Materials
    4,550,674       —       —       4,550,674  
Telecommunication Services
    13,767,864       —       —       13,767,864  
 
 
Total Common Stocks
  $ 140,395,017     $ 381,571 *   $ —     $ 140,776,588  
 
 
Investment Funds
  $ 17,569     $ —     $ —     $ 17,569  
Short-Term Investments
    —       70,333,290       —       70,333,290  
 
 
Total Investments
  $ 140,412,586     $ 70,714,861     $ —     $ 211,127,447  
 
 
 
* Includes foreign equity securities whose values were adjusted to reflect market trading that occurred after the close of trading in their applicable foreign markets.
 
The Portfolio held no investments or other financial instruments as of August 31, 2009 whose fair value was determined using Level 3 inputs.
 
For information on the Portfolio’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Portfolio’s most recent financial statements included in its semiannual or annual report to shareholders.
 
5

 

 
Eaton Vance Worldwide Health Sciences Fund as of May 31, 2010 (Unaudited)
 
Eaton Vance Worldwide Health Sciences Fund (the Fund), a diversified series of Eaton Vance Growth Trust, invests substantially all of its assets in Worldwide Health Sciences Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At May 31, 2010, the value of the Fund’s investment in the Portfolio was $1,081,730,317 and the Fund owned 99.9% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.
 
 

 

Worldwide Health Sciences Portfolio as of May 31, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited)
 
Common Stocks — 96.42%
 
                         
                Percentage of
 		 
Security   Shares     Value     Net Assets  
Major Capitalization — Europe 15.66%(1)
                       
Actelion, Ltd.(2)
    280,000     $ 10,150,984       0.94 %
Covidien PLC
    365,000       15,472,350       1.43  
Novartis AG
    730,000       33,160,286       3.07  
Roche Holding AG
    270,200       37,102,090       3.43  
Shire PLC ADR
    733,800       44,915,898       4.15  
Smith and Nephew PLC
    925,000       8,368,813       0.77  
Warner Chilcott PLC, Class A(2)
    875,000       20,230,000       1.87  
                         
            $ 169,400,421       15.66 %
                         
Major Capitalization — North America 53.59%(1)
                       
Aetna, Inc. 
    670,000     $ 19,537,200       1.81 %
Allergan, Inc. 
    465,000       27,988,350       2.59  
Amgen, Inc.(2)
    790,000       40,906,200       3.78  
Baxter International, Inc. 
    416,000       17,567,680       1.62  
Bristol-Myers Squibb Co. 
    2,085,000       48,392,850       4.47  
Celgene Corp.(2)
    590,000       31,128,400       2.88  
Genzyme Corp.(2)
    860,000       41,839,000       3.87  
Gilead Sciences, Inc.(2)
    950,000       34,124,000       3.15  
Hospira, Inc.(2)
    440,000       22,906,400       2.12  
Illumina, Inc.(2)
    630,000       26,485,200       2.45  
Johnson & Johnson
    715,000       41,684,500       3.85  
Merck & Co., Inc. 
    1,100,000       37,059,000       3.43  
Perrigo Co. 
    477,000       28,338,570       2.62  
Pfizer, Inc. 
    2,550,000       38,836,500       3.59  
St. Jude Medical, Inc.(2)
    180,000       6,721,200       0.62  
Stryker Corp. 
    220,000       11,666,600       1.08  
Thermo Fisher Scientific, Inc.(2)
    662,300       34,479,338       3.19  
UnitedHealth Group, Inc. 
    650,000       18,895,500       1.75  
Vertex Pharmaceuticals, Inc.(2)
    620,000       21,445,800       1.98  
WellPoint, Inc.(2)
    350,000       17,955,000       1.66  
Zimmer Holdings, Inc.(2)
    210,000       11,745,300       1.08  
                         
            $ 579,702,588       53.59 %
                         
Small & Mid Capitalization — Europe 2.02%(1)
                       
Elan Corp. PLC ADR(2)
    3,800,000     $ 21,812,000       2.02 %
                         
            $ 21,812,000       2.02 %
                         
Small & Mid Capitalization — Far East 8.69%(1)
                       
Nichi-Iko Pharmaceutical Co., Ltd. 
    815,000     $ 28,575,309       2.64 %
Sawai Pharmaceutical Co., Ltd. 
    410,000       35,364,609       3.27  
Towa Pharmaceutical Co., Ltd. 
    470,000       30,069,685       2.78  
                         
            $ 94,009,603       8.69 %
                         
Small & Mid Capitalization — North America 16.46%(1)
                       
Align Technology, Inc.(2)
    675,000     $ 10,071,000       0.93 %
Allos Therapeutics, Inc.(2)
    2,883,000       20,642,280       1.91  
BioMarin Pharmaceutical, Inc.(2)
    1,302,000       25,415,040       2.35  
Cubist Pharmaceuticals, Inc.(2)
    1,153,100       24,791,650       2.29  
Dendreon Corp.(2)
    575,000       24,955,000       2.31  
Endo Pharmaceuticals Holdings, Inc.(2)
    1,200,000       25,128,000       2.32  
Human Genome Sciences, Inc.(2)
    628,000       15,549,280       1.44  
InterMune, Inc.(2)
    50,500       456,520       0.04  
Medicines Co.(2)
    660,200       5,548,981       0.51  
 
1

 

                         
                Percentage of
 		 
Security   Shares     Value     Net Assets  
Momenta Pharmaceuticals, Inc.(2)
    740,000     $ 9,819,800       0.91 %
NPS Pharmaceuticals, Inc.(2)
    2,385,000       15,717,150       1.45  
                         
            $ 178,094,701       16.46 %
                         
                 
Total Common Stocks
(identified cost $992,618,639)
  $ 1,043,019,313          
                 
 
Convertible Preferred Stocks — 2.18%
 
                         
                Percentage of
 		 
Security   Shares     Value     Net Assets  
Small & Mid Capitalization — North America 2.18%(1)
                       
Mylan, Inc., 6.50%
    20,000     $ 23,555,800       2.18 %
                         
            $ 23,555,800       2.18 %
                         
                 
Total Convertible Preferred Stocks
(identified cost $16,575,000)
  $ 23,555,800          
                 
 
Call Options — 0.0%
 
                                     
    Number of
 		  Strike
 		    Expiration
 		        Percentage of
 		 
Description   Contracts   Price     Date   Value     Net Assets  
Small & Mid Capitalization — North America 0.00%(1)
Orchid Cellmark, Inc.(2)(3)
    1,600     $ 21.7     7/24/2011   $ 0       0.00 %
Orchid Cellmark, Inc.(2)(3)
    649       23.5     7/24/2011     0       0.00  
Orchid Cellmark, Inc.(2)(3)
    649       8.05     9/29/2011     0       0.00  
                                 
                        $ 0       0.00 %
                                 
                 
Total Call Options
(identified cost $0)
 
$ 		0          
                 
 
Short-Term Investments — 0.74%
 
                         
    Interest
 		          Percentage of
 		 
Description   (000’s Omitted)     Value     Net Assets  
Eaton Vance Cash Reserves Fund, LLC, 0.24%(4)
  $ 8,051     $ 8,050,634       0.74 %
                         
                 
Total Short-Term Investments
(identified cost $8,050,634)
  $ 8,050,634          
                 
                 
Total Investments
(identified cost $1,017,244,273)
  $ 1,074,625,747       99.34 %
                 
                 
Other Assets, Less Liabilities
  $ 7,104,871       0.66 %
                 
                 
Net Assets
  $ 1,081,730,618       100.00 %
                 
 
             
         
ADR
  -   American Depositary Receipt
         
(1)
      Major Capitalization is defined as market value of $5 billion or more. Small & Mid Capitalization is defined as market value less than $5 billion.
         
(2)
      Non-income producing security.
         
(3)
      Security valued at fair value using methods determined in good faith by or at the direction of the Trustees.
         
(4)
      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 May 31, 2010. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC and Cash Management Portfolio, an affiliated investment company, for the fiscal year to date ended May 31, 2010 was $7,518 and $0, respectively.
 
2

 

The Portfolio did not have any open financial instruments at May 31, 2010.
 
The cost and unrealized appreciation (depreciation) of investments of the Portfolio at May 31, 2010, as determined on a federal income tax basis, were as follows:
 
         
Aggregate cost
  $ 1,017,075,641  
         
Gross unrealized appreciation
  $ 155,871,726  
Gross unrealized depreciation
    (98,321,620 )
         
Net unrealized appreciation
  $ 57,550,106  
         
 
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)
 
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
 
At May 31, 2010, the inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:
 
                                 
    Quoted Prices in
 		                   
    Active Markets for
 		    Significant Other
 		    Significant
 		       
    Identical Assets     Observable Inputs     Unobservable Inputs        
       
Asset Description   (Level 1)     (Level 2)     (Level 3)     Total  
   
Common Stocks
                               
Major Capitalization - Europe
  $ 80,618,248     $ 88,782,173     $ —     $ 169,400,421  
Major Capitalization - North America
    579,702,588       —       —       579,702,588  
Small & Mid Capitalization - Europe
    21,812,000       —       —       21,812,000  
Small & Mid Capitalization - Far East
    —       94,009,603       —       94,009,603  
Small & Mid Capitalization - North America
    178,094,701       —       —       178,094,701  
 
 
Total Common Stocks
  $ 860,227,537     $ 182,791,776 *   $ —     $ 1,043,019,313  
 
 
Convertible Preferred Stocks
                               
Small & Mid Capitalization - North America
  $ 23,555,800     $ —     $ —     $ 23,555,800  
 
 
Total Convertible Preferred Stocks
  $ 23,555,800     $ —     $ —     $ 23,555,800  
 
 
Call Options
  $ —     $ —     $ 0     $ 0  
Short-Term Investments
    —       8,050,634       —       8,050,634  
 
 
Total Investments
  $ 883,783,337     $ 190,842,410     $ 0     $ 1,074,625,747  
 
 
 
* Includes foreign equity securities whose values were adjusted to reflect market trading that occurred after the close of trading in their applicable foreign markets.
 
3

 

 
The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
 
         
    Investments in
 		 
    Call Options  
   
Balance as of August 31, 2009
  $ 13  
Realized gains (losses)
    —  
Change in net unrealized appreciation (depreciation)
    (13 )
Net purchases (sales)
    —  
Accrued discount (premium)
    —  
Net transfers to (from) Level 3
    —  
 
 
Balance as of May 31, 2010
  $ 0  
 
 
         
Change in net unrealized appreciation (depreciation) on investments still held as of May 31, 2010
  $ (13 )
 
 
 
All Level 3 investments held at May 31, 2010 were valued at $0.
 
For information on the Portfolio’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Portfolio’s most recent financial statements included in its semiannual or annual report to shareholders.
 
4

 

Item 2. Controls and Procedures
(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.
(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

 

 

Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
         
Eaton Vance Growth Trust
 
        
By:
  /s/ Thomas E. Faust Jr.    
 
 
 
Thomas E. Faust Jr. 		   
 
  President    
 
        
Date:
  July 26, 2010    
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
         
By:
  /s/ Thomas E. Faust Jr.    
 
 
 
Thomas E. Faust Jr. 		   
 
  President    
 
        
Date:
  July 26, 2010    
 
        
By:
  /s/ Barbara E. Campbell    
 
 
 
Barbara E. Campbell 		   
 
  Treasurer    
 
        
Date:
  July 26, 2010