-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FJ4Q3NSm3eqe4KWjSWICJRLGr670PCj52Htfm0lclBp78zEyQPJgXo0jx69HUuSp TqBQv6s1IhaNwslKJZiC+w== 0000950123-11-006111.txt : 20110127 0000950123-11-006111.hdr.sgml : 20110127 20110127170321 ACCESSION NUMBER: 0000950123-11-006111 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101130 FILED AS OF DATE: 20110127 DATE AS OF CHANGE: 20110127 EFFECTIVENESS DATE: 20110127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EATON VANCE GROWTH TRUST CENTRAL INDEX KEY: 0000102816 IRS NUMBER: 042325690 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-01241 FILM NUMBER: 11552855 BUSINESS ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 617-482-8260 MAIL ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: EATON VANCE GROWTH FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: VANCE SANDERS COMMON STOCK FUND INC DATE OF NAME CHANGE: 19820915 FORMER COMPANY: FORMER CONFORMED NAME: BOSTON STOCK FUND INC DATE OF NAME CHANGE: 19730619 0000102816 S000005195 Eaton Vance Asian Small Companies Fund C000014174 Eaton Vance Asian Small Companies Fund Class A EVASX C000014175 Eaton Vance Asian Small Companies Fund Class B EBASX 0000102816 S000005200 Eaton Vance Greater China Growth Fund C000014184 Eaton Vance Greater China Growth Fund Class I C000014185 Eaton Vance Greater China Growth Fund Class A EVCGX C000014186 Eaton Vance Greater China Growth Fund Class B EMCGX C000014187 Eaton Vance Greater China Growth Fund Class C ECCGX 0000102816 S000005201 Eaton Vance Multi-Cap Growth Fund C000014188 Eaton Vance Multi-Cap Growth Fund Class A EVGFX C000014189 Eaton Vance Multi-Cap Growth Fund Class B EMGFX C000014190 Eaton Vance Multi-Cap Growth Fund Class C ECGFX 0000102816 S000005202 Eaton Vance Worldwide Health Sciences Fund C000014191 Eaton Vance Worldwide Health Sciences Fund Class A ETHSX C000014192 Eaton Vance Worldwide Health Sciences Fund Class B EMHSX C000014193 Eaton Vance Worldwide Health Sciences Fund Class C ECHSX C000014194 Eaton Vance Worldwide Health Sciences Fund Class R ERHSX C000081646 Eaton Vance Worldwide Health Sciences Fund Class I 0000102816 S000030159 Eaton Vance Richard Bernstein Multi-Market Equity Strategy Fund C000092730 Eaton Vance Richard Bernstein Multi-Market Equity Strategy Fund Class A C000092731 Eaton Vance Richard Bernstein Multi-Market Equity Strategy Fund Class C C000092732 Eaton Vance Richard Bernstein Multi-Market Equity Strategy Fund Class I N-Q 1 b84270a1nvq.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
November 30, 2010
Date of Reporting Period
 
 

 


 


 

 
Eaton Vance Asian Small Companies Fund as of November 30, 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 November 30, 2010, the value of the Fund’s investment in the Portfolio was $52,785,970 and the Fund owned 38.8% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.
 
 


 

Asian Small Companies Portfolio as of November 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited)
 
Common Stocks — 98.3%
 
                 
Security   Shares     Value  
Australia — 1.9%
               
Metals & Mining — 1.9%
               
Saracen Mineral Holdings, Ltd.(1)
    4,045,065     $ 2,531,401  
                 
            $ 2,531,401  
                 
                 
Total Australia
(identified cost $2,560,301)
          $ 2,531,401  
                 
China — 27.1%
               
Electronic Equipment, Instruments & Components — 1.7%
               
China High Precision Automation Group, Ltd. 
    3,293,000     $ 2,328,512  
                 
            $ 2,328,512  
                 
Food Products — 4.4%
               
China Minzhong Food Corp, Ltd.(1)
    3,065,000     $ 3,156,800  
Uni-President China Holdings, Ltd. 
    4,584,000       2,876,807  
                 
            $ 6,033,607  
                 
Household Products — 6.6%
               
Vinda International Holdings, Ltd. 
    2,848,000     $ 3,161,896  
Youyuan International Holdings, Ltd.(1)
    10,055,000       5,750,821  
                 
            $ 8,912,717  
                 
Machinery — 4.4%
               
China Automation Group, Ltd. 
    4,431,000     $ 3,214,997  
International Mining Machinery Holdings, Ltd.(1)
    3,515,500       2,763,633  
                 
            $ 5,978,630  
                 
Metals & Mining — 5.9%
               
Real Gold Mining, Ltd.(1)
    1,881,500     $ 3,425,530  
Sino Prosper State Gold Resources Holdings, Ltd.(1)
    72,670,000       4,656,847  
                 
            $ 8,082,377  
                 
Real Estate Management & Development — 4.1%
               
KWG Property Holding, Ltd. 
    2,351,000     $ 1,746,866  
SOHO China, Ltd. 
    3,004,500       2,249,179  
Yanlord Land Group, Ltd. 
    1,284,000       1,593,516  
                 
            $ 5,589,561  
                 
                 
Total China
(identified cost $24,562,369)
          $ 36,925,404  
                 
Hong Kong — 0.0%
               
Textiles, Apparel & Luxury Goods — 0.0%
               
Peace Mark (Holdings), Ltd.(1)(2)
    14,298,000     $ 0  
                 
            $ 0  
                 
                 
Total Hong Kong
(identified cost $3,564,461)
          $ 0  
                 
India — 13.7%
               
Chemicals — 1.7%
               
United Phosphorus, Ltd. 
    562,040     $ 2,308,514  
                 
            $ 2,308,514  
                 
 
1


 

                 
Security   Shares     Value  
Commercial Banks — 3.6%
               
Allahabad Bank, Ltd. 
    942,500     $ 4,900,741  
                 
            $ 4,900,741  
                 
Consumer Finance — 1.1%
               
Shriram Transport Finance Co., Ltd. 
    82,860     $ 1,480,634  
                 
            $ 1,480,634  
                 
Diversified Consumer Services — 1.7%
               
Everonn Education, Ltd. 
    176,770     $ 2,289,331  
                 
            $ 2,289,331  
                 
Household Products — 1.4%
               
Jyothy Laboratories, Ltd. 
    338,845     $ 1,976,331  
                 
            $ 1,976,331  
                 
IT Services — 1.3%
               
Infinite Computer Solutions India, Ltd. 
    471,284     $ 1,742,433  
                 
            $ 1,742,433  
                 
Metals & Mining — 0.9%
               
Adhunik Metaliks, Ltd. 
    500,440     $ 1,185,350  
                 
            $ 1,185,350  
                 
Pharmaceuticals — 2.0%
               
Aurobindo Pharma, Ltd. 
    100,770     $ 2,764,301  
                 
            $ 2,764,301  
                 
                 
Total India
(identified cost $16,365,454)
          $ 18,647,635  
                 
Indonesia — 7.1%
               
Consumer Finance — 1.0%
               
Clipan Finance Indonesia Tbk PT
    19,902,500     $ 1,300,367  
                 
            $ 1,300,367  
                 
Food Products — 2.5%
               
Consciencefood Holding, Ltd.(1)
    11,273,000     $ 1,878,335  
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT
    1,231,000       1,544,479  
                 
            $ 3,422,814  
                 
Multiline Retail — 1.2%
               
Ramayana Lestari Sentosa Tbk PT
    18,600,500     $ 1,625,725  
                 
            $ 1,625,725  
                 
Trading Companies & Distributors — 2.4%
               
AKR Corporindo Tbk PT
    20,127,900     $ 3,251,394  
                 
            $ 3,251,394  
                 
                 
Total Indonesia
(identified cost $7,525,361)
          $ 9,600,300  
                 
Malaysia — 8.1%
               
Chemicals — 0.9%
               
HIL Industries Bhd
    5,412,300     $ 1,247,344  
                 
            $ 1,247,344  
                 
Construction & Engineering — 1.8%
               
Mudajaya Group Bhd
    2,003,100     $ 2,497,739  
                 
            $ 2,497,739  
                 
Energy Equipment & Services — 1.1%
               
KNM Group Bhd(1)
    8,898,900     $ 1,489,444  
                 
            $ 1,489,444  
                 
 
2


 

                 
Security   Shares     Value  
Food Products — 0.7%
               
United Plantations Bhd
    171,400     $ 919,905  
                 
            $ 919,905  
                 
Health Care Equipment & Supplies — 1.9%
               
Supermax Corp. Bhd
    2,001,100     $ 2,618,752  
                 
            $ 2,618,752  
                 
Transportation Infrastructure — 1.7%
               
PLUS Expressways Bhd
    1,631,600     $ 2,255,278  
                 
            $ 2,255,278  
                 
                 
Total Malaysia
(identified cost $11,134,723)
          $ 11,028,462  
                 
Singapore — 14.0%
               
Construction & Engineering — 3.1%
               
PEC, Ltd. 
    5,316,000     $ 4,264,605  
                 
            $ 4,264,605  
                 
Energy Equipment & Services — 3.8%
               
Ezion Holdings, Ltd. 
    10,185,000     $ 5,124,081  
                 
            $ 5,124,081  
                 
Real Estate Investment Trusts (REITs) — 2.0%
               
CDL Hospitality Trusts
    262,000     $ 408,646  
Parkway Life Real Estate Investment Trust
    1,830,000       2,244,550  
                 
            $ 2,653,196  
                 
Specialty Retail — 2.8%
               
OSIM International, Ltd. 
    3,551,000     $ 3,869,962  
                 
            $ 3,869,962  
                 
Transportation Infrastructure — 2.3%
               
Singapore Airport Terminal Services, Ltd. 
    1,444,000     $ 3,137,273  
                 
            $ 3,137,273  
                 
                 
Total Singapore
(identified cost $13,723,652)
          $ 19,049,117  
                 
South Korea — 8.6%
               
Commercial Banks — 1.3%
               
Busan Bank
    153,210     $ 1,809,201  
                 
            $ 1,809,201  
                 
Containers & Packaging — 1.5%
               
Lock & Lock Co., Ltd. 
    64,440     $ 2,101,459  
                 
            $ 2,101,459  
                 
Internet & Catalog Retail — 2.5%
               
CJ O Shopping Co., Ltd.(1)
    14,780     $ 3,375,297  
                 
            $ 3,375,297  
                 
Media — 1.5%
               
Woongjin Thinkbig Co., Ltd. 
    98,170     $ 2,000,585  
                 
            $ 2,000,585  
                 
Software — 1.8%
               
DuzonBizon Co., Ltd.(1)
    139,140     $ 2,481,360  
                 
            $ 2,481,360  
                 
                 
Total South Korea
(identified cost $10,396,997)
          $ 11,767,902  
                 
 
3


 

                 
Security   Shares     Value  
Taiwan — 6.5%
               
Computers & Peripherals — 3.4%
               
Pegatron Corp.(1)
    2,246,000     $ 3,070,661  
Simplo Technology Co., Ltd. 
    243,210       1,573,291  
                 
            $ 4,643,952  
                 
Machinery — 1.3%
               
Sinmag Bakery Machine Corp. 
    455,000     $ 1,764,864  
                 
            $ 1,764,864  
                 
Semiconductors & Semiconductor Equipment — 1.8%
               
Radiant Opto-Electronics Corp. 
    1,423,000     $ 2,471,215  
                 
            $ 2,471,215  
                 
                 
Total Taiwan
(identified cost $7,117,598)
          $ 8,880,031  
                 
Thailand — 11.3%
               
Electronic Equipment, Instruments & Components — 1.3%
               
Delta Electronics (Thailand) PCL(3)
    1,620,700     $ 1,754,842  
                 
            $ 1,754,842  
                 
Food Products — 1.5%
               
Univanich Palm Oil PCL(3)
    716,600     $ 1,997,140  
                 
            $ 1,997,140  
                 
Health Care Providers & Services — 1.9%
               
Bangkok Chain Hospital PCL(3)
    12,206,700     $ 2,584,511  
                 
            $ 2,584,511  
                 
Independent Power Producers & Energy Traders — 1.9%
               
Glow Energy PCL(3)
    1,730,780     $ 2,588,722  
                 
            $ 2,588,722  
                 
Insurance — 2.1%
               
Bangkok Life Assurance PCL(3)
    144,400     $ 138,531  
Bangkok Life Assurance PCL NVDR
    2,884,300       2,767,074  
                 
            $ 2,905,605  
                 
Oil, Gas & Consumable Fuels — 1.5%
               
Banpu PCL NVDR
    82,150     $ 2,062,247  
                 
            $ 2,062,247  
                 
Real Estate Investment Trusts (REITs) — 1.1%
               
CPN Retail Growth Leasehold Property Fund
    3,979,300     $ 1,526,956  
                 
            $ 1,526,956  
                 
                 
Total Thailand
(identified cost $13,043,762)
          $ 15,420,023  
                 
                 
Total Common Stocks — 98.3%
(identified cost $109,994,678)
          $ 133,850,275  
                 
                 
Other Assets, Less Liabilities — 1.7%
          $ 2,338,735  
                 
                 
Net Assets — 100.0%
          $ 136,189,010  
                 
 
             
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.
         
(3)
      Indicates a foreign registered security. Shares issued to foreign investors in markets that have foreign ownership limits.
 
4


 

The Portfolio did not have any open financial instruments at November 30, 2010.
 
The cost and unrealized appreciation (depreciation) of investments of the Portfolio at November 30, 2010, as determined on a federal income tax basis, were as follows:
 
         
Aggregate cost
  $ 114,151,646  
         
Gross unrealized appreciation
  $ 25,366,727  
Gross unrealized depreciation
    (5,668,098 )
         
Net unrealized appreciation
  $ 19,698,629  
         
 
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 November 30, 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
                                       
Australia
  $     $ 2,531,401     $      —     $ 2,531,401          
China
          36,925,404             36,925,404          
Hong Kong
                0       0          
India
          18,647,635             18,647,635          
Indonesia
    1,878,335       7,721,965             9,600,300          
Malaysia
    919,905       10,108,557             11,028,462          
Singapore
          19,049,117             19,049,117          
South Korea
          11,767,902             11,767,902          
Taiwan
          8,880,031             8,880,031          
Thailand
    10,590,702       4,829,321             15,420,023          
 
 
Total Common Stocks
  $ 13,388,942     $ 120,461,333 *   $ 0     $ 133,850,275          
 
 
Total Investments
  $ 13,388,942     $ 120,461,333     $ 0     $ 133,850,275          
 
 
 
* Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments 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 November 30, 2010 to require a reconciliation of Level 3 assets.
 
All Level 3 investments held at November 30, 2010 and August 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.
 
5


 

 
Eaton Vance Greater China Growth Fund as of November 30, 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 November 30, 2010, the value of the Fund’s investment in the Portfolio was $255,108,542 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 November 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited)
 
Common Stocks — 99.2%
 
                 
Security   Shares     Value  
China — 63.6%
               
Commercial Banks — 5.7%
               
China Construction Bank, Class H
    8,473,000     $ 7,648,693  
Industrial & Commercial Bank of China, Ltd., Class H
    8,865,000       6,870,735  
                 
            $ 14,519,428  
                 
Communications Equipment — 1.9%
               
O-Net Communications Group, Ltd.(1)
    6,519,000     $ 4,904,349  
                 
            $ 4,904,349  
                 
Computers & Peripherals — 1.5%
               
Lenovo Group, Ltd. 
    5,552,000     $ 3,682,897  
                 
            $ 3,682,897  
                 
Construction Materials — 3.2%
               
Anhui Conch Cement Co., Ltd., Class H
    1,040,000     $ 4,396,877  
BBMG Corp., Class H
    2,607,000       3,737,918  
                 
            $ 8,134,795  
                 
Diversified Consumer Services — 1.2%
               
New Oriental Education & Technology Group Inc. ADR(1)
    24,800     $ 2,623,840  
TAL Education Group ADR(1)
    27,860       445,760  
                 
            $ 3,069,600  
                 
Diversified Financial Services — 1.3%
               
China Everbright, Ltd. 
    1,398,000     $ 3,278,808  
                 
            $ 3,278,808  
                 
Diversified Telecommunication Services — 0.9%
               
CITIC Telecom International Holdings, Ltd. 
    6,781,000     $ 2,220,956  
                 
            $ 2,220,956  
                 
Electrical Equipment — 1.6%
               
Dongfang Electric Corp., Ltd., Class H
    834,600     $ 4,120,065  
                 
            $ 4,120,065  
                 
Electronic Equipment, Instruments & Components — 1.2%
               
Digital China Holdings, Ltd. 
    1,487,000     $ 3,018,108  
                 
            $ 3,018,108  
                 
Energy Equipment & Services — 1.9%
               
China Oilfield Services, Ltd., Class H
    2,730,000     $ 4,956,963  
                 
            $ 4,956,963  
                 
Food & Staples Retailing — 1.6%
               
China Resources Enterprise, Ltd. 
    968,000     $ 4,063,589  
                 
            $ 4,063,589  
                 
Food Products — 3.7%
               
China Mengniu Dairy Co., Ltd. 
    437,000     $ 1,244,676  
China Minzhong Food Corp., Ltd.(1)
    4,522,000       4,657,439  
China Yurun Food Group, Ltd. 
    1,000,000       3,553,451  
                 
            $ 9,455,566  
                 
Health Care Equipment & Supplies — 1.2%
               
China Kanghui Holdings, Inc. ADR(1)
    148,400     $ 3,077,816  
                 
            $ 3,077,816  
                 
 
1


 

                 
Security   Shares     Value  
Health Care Providers & Services — 0.8%
               
Sinopharm Group Co., Ltd., Class H
    560,800     $ 2,039,984  
                 
            $ 2,039,984  
                 
Household Durables — 1.0%
               
Skyworth Digital Holdings, Ltd. 
    4,926,520     $ 2,592,315  
                 
            $ 2,592,315  
                 
Household Products — 1.1%
               
Vinda International Holdings, Ltd. 
    2,547,000     $ 2,827,721  
                 
            $ 2,827,721  
                 
Industrial Conglomerates — 1.1%
               
Beijing Enterprises Holdings, Ltd. 
    441,500     $ 2,777,293  
                 
            $ 2,777,293  
                 
Insurance — 3.6%
               
China Life Insurance Co., Ltd., Class H
    935,000     $ 3,991,829  
Ping An Insurance (Group) Co. of China, Ltd., Class H
    448,000       5,196,973  
                 
            $ 9,188,802  
                 
Internet Software & Services — 1.7%
               
Tencent Holdings, Ltd. 
    200,800     $ 4,419,061  
                 
            $ 4,419,061  
                 
Leisure Equipment & Products — 0.1%
               
Goodbaby International Holdings, Ltd.(1)
    185,000     $ 139,373  
                 
            $ 139,373  
                 
Machinery — 4.8%
               
China Rongsheng Heavy Industries Group Holdings, Ltd.(1)
    2,852,000     $ 2,791,362  
Lonking Holdings, Ltd. 
    7,628,000       5,008,202  
Sany Heavy Equipment International Holdings Co., Ltd. 
    2,846,000       4,541,587  
                 
            $ 12,341,151  
                 
Marine — 1.0%
               
Orient Overseas (International), Ltd. 
    267,000     $ 2,582,505  
                 
            $ 2,582,505  
                 
Media — 1.1%
               
Focus Media Holding, Ltd. ADR(1)
    121,600     $ 2,836,928  
                 
            $ 2,836,928  
                 
Metals & Mining — 1.5%
               
Real Gold Mining, Ltd.(1)
    2,073,000     $ 3,774,182  
                 
            $ 3,774,182  
                 
Oil, Gas & Consumable Fuels — 4.7%
               
China Shenhua Energy Co., Ltd., Class H
    927,500     $ 3,902,558  
CNOOC, Ltd. 
    3,802,000       8,182,450  
                 
            $ 12,085,008  
                 
Paper & Forest Products — 1.5%
               
Nine Dragons Paper Holdings, Ltd. 
    2,557,000     $ 3,840,977  
                 
            $ 3,840,977  
                 
Real Estate Management & Development — 2.4%
               
China Overseas Land & Investment, Ltd. 
    1,949,040     $ 3,727,753  
Longfor Properties Co., Ltd. 
    1,853,000       2,430,566  
                 
            $ 6,158,319  
                 
Specialty Retail — 1.7%
               
Belle International Holdings, Ltd. 
    2,318,000     $ 4,248,426  
                 
            $ 4,248,426  
                 
 
2


 

                 
Security   Shares     Value  
Textiles, Apparel & Luxury Goods — 4.8%
               
Bosideng International Holdings, Ltd. 
    11,116,000     $ 5,766,652  
Daphne International Holdings, Ltd. 
    1,424,000       1,621,169  
Ports Design, Ltd. 
    1,542,500       4,757,678  
                 
            $ 12,145,499  
                 
Wireless Telecommunication Services — 3.8%
               
China Mobile, Ltd. 
    971,500     $ 9,653,181  
                 
            $ 9,653,181  
                 
                 
Total China
(identified cost $126,641,828)
          $ 162,153,665  
                 
Hong Kong — 18.4%
               
Capital Markets — 1.6%
               
Guotai Junan International Holdings, Ltd. 
    6,582,000     $ 4,077,143  
                 
            $ 4,077,143  
                 
Chemicals — 1.4%
               
Huabao International Holdings, Ltd. 
    2,216,000     $ 3,503,593  
                 
            $ 3,503,593  
                 
Commercial Banks — 3.4%
               
BOC Hong Kong Holdings, Ltd. 
    2,552,000     $ 8,722,376  
                 
            $ 8,722,376  
                 
Distributors — 2.5%
               
Li & Fung, Ltd. 
    1,032,000     $ 6,421,549  
                 
            $ 6,421,549  
                 
Diversified Financial Services — 1.4%
               
Hong Kong Exchanges and Clearing, Ltd. 
    152,400     $ 3,465,075  
                 
            $ 3,465,075  
                 
Industrial Conglomerates — 1.4%
               
Hutchison Whampoa, Ltd. 
    365,000     $ 3,636,026  
                 
            $ 3,636,026  
                 
Insurance — 1.5%
               
AIA Group, Ltd.(1)
    1,280,600     $ 3,694,149  
                 
            $ 3,694,149  
                 
Real Estate Management & Development — 4.2%
               
Cheung Kong (Holdings), Ltd. 
    278,000     $ 4,094,998  
Kerry Properties, Ltd. 
    273,500       1,369,241  
Sun Hung Kai Properties, Ltd. 
    325,331       5,331,309  
                 
            $ 10,795,548  
                 
Textiles, Apparel & Luxury Goods — 1.0%
               
Texwinca Holdings, Ltd. 
    2,270,000     $ 2,651,015  
                 
            $ 2,651,015  
                 
                 
Total Hong Kong
(identified cost $39,440,510)
          $ 46,966,474  
                 
Singapore — 0.5%
               
Real Estate Management & Development — 0.5%
               
Hongkong Land Holdings, Ltd. 
    180,000     $ 1,220,221  
                 
            $ 1,220,221  
                 
                 
Total Singapore
(identified cost $1,258,836)
          $ 1,220,221  
                 
 
3


 

                 
Security   Shares     Value  
Taiwan — 16.7%
               
Chemicals — 3.6%
               
Formosa Plastics Corp. 
    1,562,000     $ 4,644,294  
Taiwan Fertilizer Co., Ltd. 
    1,238,000       4,459,279  
                 
            $ 9,103,573  
                 
Computers & Peripherals — 1.7%
               
Acer, Inc. 
    1,470,679     $ 4,332,660  
                 
            $ 4,332,660  
                 
Diversified Telecommunication Services — 2.1%
               
Chunghwa Telecom Co., Ltd. 
    2,230,654     $ 5,404,837  
                 
            $ 5,404,837  
                 
Electronic Equipment, Instruments & Components — 4.0%
               
Hon Hai Precision Industry Co., Ltd. 
    1,350,800     $ 4,798,780  
Synnex Technology International Corp. 
    2,208,357       5,520,664  
                 
            $ 10,319,444  
                 
Food Products — 1.1%
               
Uni-President Enterprises Corp. 
    1,961,000     $ 2,707,363  
                 
            $ 2,707,363  
                 
Marine — 1.0%
               
First Steamship Co., Ltd. 
    1,095,000     $ 2,548,519  
                 
            $ 2,548,519  
                 
Semiconductors & Semiconductor Equipment — 3.2%
               
Powertech Technology, Inc. 
    784,000     $ 2,477,896  
Taiwan Semiconductor Manufacturing Co., Ltd. 
    2,786,839       5,774,832  
                 
            $ 8,252,728  
                 
                 
Total Taiwan
(identified cost $38,559,762)
          $ 42,669,124  
                 
                 
Total Common Stocks
(identified cost $205,900,936)
          $ 253,009,484  
                 
 
Rights — 0.1%
 
                 
Security   Shares     Value  
China — 0.1%
               
Commercial Banks — 0.1%
               
China Construction Bank, Class H, Exp. 12/8/10
    593,110     $ 197,064  
Industrial & Commercial Bank of China, Ltd., Class H, Exp. 12/16/10
    398,925       131,004  
                 
            $ 328,068  
                 
                 
Total China
(identified cost $0)
          $ 328,068  
                 
                 
Total Rights
(identified cost $0)
          $ 328,068  
                 
 
4


 

Short-Term Investments — 0.7%
 
                 
    Principal
       
    Amount
       
Description   (000’s omitted)     Value  
State Street Bank and Trust Euro Time Deposit, 0.01%, 12/1/10
  $ 1,853     $ 1,852,515  
                 
                 
Total Short-Term Investments
(identified cost $1,852,515)
          $ 1,852,515  
                 
                 
Total Investments — 100.0%
(identified cost $207,753,451)
          $ 255,190,067  
                 
                 
Other Assets, Less Liabilities — (0.00)%(2)
          $ (81,088 )
                 
         
Net Assets — 100.0%
  $ 255,108,979  
         
 
             
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.
         
(2)
      Amount is less than 0.05%.
 
The Portfolio did not have any open financial instruments at November 30, 2010.
 
The cost and unrealized appreciation (depreciation) of investments of the Portfolio at November 30, 2010, as determined on a federal income tax basis, were as follows:
 
         
Aggregate cost
  $ 208,171,705  
         
Gross unrealized appreciation
  $ 54,513,607  
Gross unrealized depreciation
    (7,495,245 )
         
Net unrealized appreciation
  $ 47,018,362  
         
 
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 November 30, 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
  $ 5,906,528     $ 28,198,178     $     $ 34,104,706  
Consumer Staples
          19,054,240             19,054,240  
Energy
          17,041,970             17,041,970  
Financials
          65,119,869             65,119,869  
Health Care
    3,077,816       2,039,984             5,117,800  
Industrials
          28,005,558             28,005,558  
Information Technology
          38,929,247             38,929,247  
Materials
          28,357,120             28,357,120  
Telecommunication Services
          17,278,974             17,278,974  
 
 
Total Common Stocks
  $ 8,984,344     $ 244,025,140 *   $     $ 253,009,484  
 
 
Rights
  $ 328,068     $     $     $ 328,068  
Short-Term Investments
          1,852,515             1,852,515  
 
 
Total Investments
  $ 9,312,412     $ 245,877,655     $     $ 255,190,067  
 
 
 
* Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments 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, 2010 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.
 
6


 

 
Eaton Vance Multi-Cap Growth Fund as of November 30, 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 November 30, 2010, the value of the Fund’s investment in the Portfolio was $173,127,026 and the Fund owned 90.8% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.
 
Reorganization
As of the close of business on November 5, 2010, the Fund acquired the net assets of Eaton Vance Global Growth Fund (Global Growth Fund) pursuant to a plan of reorganization approved by the shareholders of Global Growth Fund. In conjunction with the reorganization, the Global Growth Fund received its pro rata share of cash and securities from the Global Growth Portfolio in a complete liquidation of its 99.8% interest therein. The investment portfolio of Global Growth Portfolio, with a fair value of $53,141,074 and identified cost of $50,649,129 was the principal asset acquired by the Fund. For financial reporting purposes, assets received and shares issued by the Fund were recorded at fair value; however, the identified cost of the investments received from the Global Growth Portfolio was carried forward to align ongoing reporting of the Fund’s realized and unrealized gains and losses with amounts distributable to shareholders for tax purposes. The aggregate net assets of the Fund immediately before the acquisition were $139,642,993. The net assets of Global Growth Fund at that date of $45,847,986 were combined with those of the Fund, resulting in combined net assets of $185,490,979.
 
 


 

Multi-Cap Growth Portfolio as of November 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited)
 
Common Stocks — 96.3%
 
                 
Security   Shares     Value  
Auto Components — 1.0%
               
Dana Holding Corp.(1)(2)
    129,600     $ 1,958,256  
                 
            $ 1,958,256  
                 
Automobiles — 1.8%
               
Ford Motor Co.(1)(2)
    214,000     $ 3,411,160  
                 
            $ 3,411,160  
                 
Beverages — 1.9%
               
Anheuser-Busch InBev NV ADR
    65,600     $ 3,604,064  
                 
            $ 3,604,064  
                 
Building Products — 1.1%
               
Armstrong World Industries, Inc.(1)(2)
    41,950     $ 2,033,317  
                 
            $ 2,033,317  
                 
Capital Markets — 2.3%
               
Lazard, Ltd., Class A
    53,600     $ 1,919,416  
State Street Corp.
    57,400       2,479,680  
                 
            $ 4,399,096  
                 
Chemicals — 4.1%
               
Albemarle Corp.
    33,100     $ 1,790,379  
Celanese Corp., Class A
    78,050       2,887,850  
Mosaic Co. (The)
    47,800       3,232,714  
                 
            $ 7,910,943  
                 
Commercial Banks — 0.7%
               
CIT Group, Inc.(1)
    33,600     $ 1,325,856  
                 
            $ 1,325,856  
                 
Commercial Services & Supplies — 2.4%
               
Copart, Inc.(1)(2)
    88,440     $ 3,137,851  
Waste Connections, Inc.(2)
    57,000       1,482,000  
                 
            $ 4,619,851  
                 
Communications Equipment — 6.4%
               
Acme Packet, Inc.(1)(2)
    64,300     $ 3,149,414  
Brocade Communications Systems, Inc.(1)(2)
    406,779       2,025,760  
QUALCOMM, Inc.
    63,900       2,986,686  
Research In Motion, Ltd.(1)
    65,945       4,078,698  
                 
            $ 12,240,558  
                 
Computers & Peripherals — 8.4%
               
Apple, Inc.(1)
    35,600     $ 11,076,940  
EMC Corp.(1)(2)
    229,100       4,923,359  
                 
            $ 16,000,299  
                 
Diversified Consumer Services — 1.3%
               
Coinstar, Inc.(1)
    37,700     $ 2,429,388  
                 
            $ 2,429,388  
                 
Diversified Financial Services — 1.2%
               
CME Group, Inc.
    8,000     $ 2,304,480  
                 
            $ 2,304,480  
                 
Energy Equipment & Services — 6.6%
               
Halliburton Co.
    108,900     $ 4,120,776  
Hornbeck Offshore Services, Inc.(1)(2)
    165,300       3,644,865  
 
1


 

                 
Security   Shares     Value  
Patterson-UTI Energy, Inc.(2)
    168,000     $ 3,316,320  
Rowan Cos., Inc.(1)(2)
    53,700       1,619,055  
                 
            $ 12,701,016  
                 
Food Products — 2.8%
               
Flowers Foods, Inc.(2)
    100,500     $ 2,633,100  
Green Mountain Coffee Roasters, Inc.(1)(2)
    71,300       2,643,804  
                 
            $ 5,276,904  
                 
Health Care Equipment & Supplies — 1.4%
               
Masimo Corp.(2)
    87,068     $ 2,686,918  
                 
            $ 2,686,918  
                 
Health Care Providers & Services — 3.5%
               
AmerisourceBergen Corp.
    74,900     $ 2,310,665  
Express Scripts, Inc.(1)(2)
    37,600       1,958,584  
Lincare Holdings, Inc.(2)
    96,199       2,477,124  
                 
            $ 6,746,373  
                 
Hotels, Restaurants & Leisure — 1.2%
               
Yum! Brands, Inc.
    45,200     $ 2,263,616  
                 
            $ 2,263,616  
                 
Household Durables — 1.4%
               
Tempur-Pedic International, Inc.(1)(2)
    75,023     $ 2,634,058  
                 
            $ 2,634,058  
                 
Household Products — 1.1%
               
Henkel AG & Co. KGaA
    40,900     $ 2,069,687  
                 
            $ 2,069,687  
                 
Industrial Conglomerates — 0.8%
               
3M Co.
    17,700     $ 1,486,446  
                 
            $ 1,486,446  
                 
Internet & Catalog Retail — 2.5%
               
Amazon.com, Inc.(1)(2)
    13,700     $ 2,402,980  
Priceline.com, Inc.(1)(2)
    6,100       2,403,705  
                 
            $ 4,806,685  
                 
Internet Software & Services — 5.2%
               
Google, Inc., Class A(1)
    7,500     $ 4,167,825  
Rackspace Hosting, Inc.(1)(2)
    128,800       3,757,096  
VeriSign, Inc.(1)(2)
    57,200       1,962,532  
                 
            $ 9,887,453  
                 
IT Services — 2.7%
               
MasterCard, Inc., Class A
    21,930     $ 5,198,068  
                 
            $ 5,198,068  
                 
Machinery — 1.5%
               
Parker Hannifin Corp.
    34,800     $ 2,792,004  
                 
            $ 2,792,004  
                 
Media — 2.0%
               
DIRECTV, Class A(1)(2)
    55,085     $ 2,287,680  
IMAX Corp.(1)
    53,700       1,461,177  
                 
            $ 3,748,857  
                 
Metals & Mining — 2.3%
               
Barrick Gold Corp.
    44,700     $ 2,308,755  
Schnitzer Steel Industries, Inc., Class A(2)
    35,500       2,026,695  
                 
            $ 4,335,450  
                 
 
2


 

                 
Security   Shares     Value  
Oil, Gas & Consumable Fuels — 6.7%
               
Forest Oil Corp.(1)(2)
    85,600     $ 2,929,232  
Hess Corp.
    47,500       3,327,375  
James River Coal Co.(1)(2)
    136,200       2,710,380  
NAL Oil & Gas Trust
    154,500       1,809,059  
Rosetta Resources, Inc.(1)(2)
    59,245       2,122,156  
                 
            $ 12,898,202  
                 
Pharmaceuticals — 3.6%
               
Medicis Pharmaceutical Corp., Class A
    145,900     $ 3,844,465  
Teva Pharmaceutical Industries, Ltd. ADR
    62,000       3,102,480  
                 
            $ 6,946,945  
                 
Road & Rail — 1.1%
               
Kansas City Southern(1)(2)
    42,846     $ 2,028,330  
                 
            $ 2,028,330  
                 
Semiconductors & Semiconductor Equipment — 6.7%
               
Atheros Communications, Inc.(1)(2)
    129,611     $ 4,220,134  
Cirrus Logic, Inc.(1)(2)
    134,500       2,053,815  
Cree, Inc.(1)(2)
    37,000       2,411,660  
Cypress Semiconductor Corp.(1)(2)
    257,600       4,036,592  
                 
            $ 12,722,201  
                 
Software — 3.4%
               
Activision Blizzard, Inc.(2)
    130,900     $ 1,536,766  
Oracle Corp.
    181,100       4,896,944  
                 
            $ 6,433,710  
                 
Specialty Retail — 1.0%
               
Advance Auto Parts, Inc.
    14,959     $ 987,144  
Urban Outfitters, Inc.(1)
    25,200       952,308  
                 
            $ 1,939,452  
                 
Textiles, Apparel & Luxury Goods — 3.2%
               
NIKE, Inc., Class B(2)
    43,600     $ 3,755,268  
Warnaco Group, Inc. (The)(1)(2)
    42,800       2,304,780  
                 
            $ 6,060,048  
                 
Trading Companies & Distributors — 1.7%
               
WESCO International, Inc.(1)(2)
    69,020     $ 3,293,634  
                 
            $ 3,293,634  
                 
Wireless Telecommunication Services — 1.3%
               
Crown Castle International Corp.(1)(2)
    61,400     $ 2,550,556  
                 
            $ 2,550,556  
                 
                 
Total Common Stocks
(identified cost $159,464,747)
          $ 183,743,881  
                 
 
Investment Funds — 3.2%
 
                 
Security   Shares     Value  
Capital Markets — 3.2%
               
Industrial Select Sector SPDR Fund (The)(2)
    91,700     $ 2,990,337  
iShares Russell Midcap Growth Index Fund(2)
    58,308       3,118,895  
                 
                 
Total Investment Funds
(identified cost $5,724,554)
          $ 6,109,232  
                 
 
3


 

Short-Term Investments — 29.3%
 
                 
    Interest
       
Description   (000’s omitted)     Value  
Eaton Vance Cash Collateral Fund, LLC, 0.22%(3)(4)
  $ 55,111     $ 55,110,554  
Eaton Vance Cash Reserves Fund, LLC, 0.22%(3)
    726       726,016  
                 
                 
Total Short-Term Investments
(identified cost $55,836,570)
          $ 55,836,570  
                 
                 
Total Investments — 128.8%
(identified cost $221,025,871)
          $ 245,689,683  
                 
                 
Other Assets, Less Liabilities — (28.8)%
          $ (54,912,268 )
                 
                 
Net Assets — 100.0%
          $ 190,777,415  
                 
 
             
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 November 30, 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 November 30, 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, for the fiscal year to date ended November 30, 2010 were $25,366 and $2,997, respectively.
         
(4)
      The amount invested in Eaton Vance Cash Collateral Fund, LLC represents cash collateral received for securities on loan at November 30, 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 November 30, 2010, the Portfolio loaned securities having a market value of $53,481,576 and received $55,110,554 of cash collateral for the loans.
 
The Portfolio did not have any open financial instruments at November 30, 2010.
 
The cost and unrealized appreciation (depreciation) of investments of the Portfolio at November 30, 2010, as determined on a federal income tax basis, were as follows:
 
         
Aggregate cost
  $ 221,821,244  
         
Gross unrealized appreciation
  $ 26,006,168  
Gross unrealized depreciation
    (2,137,729 )
         
Net unrealized appreciation
  $ 23,868,439  
         
 
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.
 
4


 

At November 30, 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
  $ 29,251,520     $     $     $ 29,251,520  
Consumer Staples
    8,880,968       2,069,687             10,950,655  
Energy
    25,599,218                   25,599,218  
Financials
    8,029,432                   8,029,432  
Health Care
    16,380,236                   16,380,236  
Industrials
    16,253,582                   16,253,582  
Information Technology
    62,482,289                   62,482,289  
Materials
    12,246,393                   12,246,393  
Telecommunication Services
    2,550,556                   2,550,556  
 
 
Total Common Stocks
  $ 181,674,194     $ 2,069,687 *   $     $ 183,743,881  
 
 
                                 
Investment Funds
  $ 6,109,232     $     $     $ 6,109,232  
Short-Term Investments
          55,836,570             55,836,570  
 
 
Total Investments
  $ 187,783,426     $ 57,906,257     $     $ 245,689,683  
 
 
 
* Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments 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, 2010 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.
 
Reorganization
In connection with the merger of Eaton Vance Multi-Cap Growth Fund by Eaton Vance Global Growth Fund as of the close of business on November 5, 2010, the Multi-Cap Growth Portfolio acquired cash and securities having a cost of $50,649,129 and market value of $53,141,074, representing Eaton Vance Global Growth Fund’s pro rata share of cash and securities in the Global Growth Portfolio in which it invested.
 
5


 

 
Eaton Vance Worldwide Health Sciences Fund as of November 30, 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 November 30, 2010, the value of the Fund’s investment in the Portfolio was $1,063,232,979 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 November 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited)
 
Common Stocks — 98.75%
 
                         
                Percentage of
 
Security   Shares     Value     Net Assets  
Major Capitalization - Europe — 13.27%(1)
                       
Novartis AG
    1,180,000     $ 62,842,825       5.91 %
Roche Holding AG
    323,000       44,294,314       4.17  
Shire PLC ADR
    482,000       33,903,880       3.19  
                         
            $ 141,041,019       13.27 %
                         
Major Capitalization - Far East — 5.17%(1)
                       
Mitsubishi Tanabe Pharma Corp. 
    2,100,000     $ 33,062,792       3.11 %
Shionogi & Co., Ltd. 
    1,200,000       21,891,947       2.06  
                         
            $ 54,954,739       5.17 %
                         
Major Capitalization - North America — 50.63%(1)
                       
Aetna, Inc. 
    335,000     $ 9,922,700       0.93 %
Allergan, Inc. 
    465,000       30,815,550       2.90  
Amgen, Inc.(2)
    790,000       41,625,100       3.91  
Baxter International, Inc. 
    416,000       20,196,800       1.90  
Bristol-Myers Squibb Co. 
    1,200,000       30,288,000       2.85  
Celgene Corp.(2)
    240,000       14,251,200       1.34  
Dendreon Corp.(2)
    467,600       16,712,024       1.57  
Genzyme Corp.(2)
    610,000       43,444,200       4.09  
Gilead Sciences, Inc.(2)
    950,000       34,675,000       3.26  
Hospira, Inc.(2)
    440,000       24,754,400       2.33  
Humana, Inc.(2)
    185,000       10,367,400       0.97  
Illumina, Inc.(2)
    510,700       30,703,284       2.89  
Merck & Co., Inc. 
    1,100,000       37,917,000       3.57  
Perrigo Co. 
    400,000       24,096,000       2.27  
Pfizer, Inc. 
    2,550,000       41,539,500       3.91  
Stryker Corp. 
    220,000       11,019,800       1.04  
Thermo Fisher Scientific, Inc.(2)
    481,900       24,509,434       2.31  
UnitedHealth Group, Inc. 
    650,000       23,738,000       2.23  
Vertex Pharmaceuticals, Inc.(2)
    620,000       20,540,600       1.93  
Watson Pharmaceuticals, Inc.(2)
    356,000       17,351,440       1.63  
WellPoint, Inc.(2)
    350,000       19,509,000       1.83  
Zimmer Holdings, Inc.(2)
    210,000       10,344,600       0.97  
                         
            $ 538,321,032       50.63 %
                         
Small & Mid Capitalization - Europe — 5.33%(1)
                       
Elan Corp. PLC ADR(2)
    3,300,000     $ 16,995,000       1.60 %
Given Imaging, Ltd.(2)
    725,900       10,961,090       1.03  
Hikma Pharmaceuticals PLC
    777,307       9,213,868       0.87  
Warner Chilcott PLC, Class A
    1,025,000       19,485,250       1.83  
                         
            $ 56,655,208       5.33 %
                         
Small & Mid Capitalization - Far East — 8.45%(1)
                       
Nichi-Iko Pharmaceutical Co., Ltd. 
    815,000     $ 28,519,524       2.68 %
Sawai Pharmaceutical Co., Ltd. 
    410,000       35,028,080       3.30  
Towa Pharmaceutical Co., Ltd. 
    470,000       26,304,844       2.47  
                         
            $ 89,852,448       8.45 %
                         
Small & Mid Capitalization - North America — 15.90%(1)
                       
Align Technology, Inc.(2)
    675,000     $ 11,805,750       1.11 %
Allos Therapeutics, Inc.(2)
    2,883,000       11,704,980       1.10  
BioMarin Pharmaceutical, Inc.(2)
    1,450,000       39,266,000       3.69  
Cubist Pharmaceuticals, Inc.(2)
    1,153,100       25,033,801       2.36  
Endo Pharmaceuticals Holdings, Inc.(2)
    636,800       22,931,168       2.16  
Human Genome Sciences, Inc.(2)
    628,000       15,404,840       1.45  
Incyte Corp.(2)
    688,000       9,982,880       0.94  
 
1


 

                         
                Percentage of
 
Security   Shares     Value     Net Assets  
Momenta Pharmaceuticals, Inc.(2)
    720,000     $ 10,980,000       1.03 %
NPS Pharmaceuticals, Inc.(2)
    1,850,000       11,488,500       1.08  
Seattle Genetics, Inc.(2)
    692,500       10,456,750       0.98  
                         
            $ 169,054,669       15.90 %
                         
                 
Total Common Stocks
(identified cost $911,856,245)
  $ 1,049,879,115          
                 
 
Call Options Purchased — 0.0%
 
                                     
    Number
  Strike
    Expiration
        Percentage of
 
Description   of 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 Purchased
(identified cost $0)
  $ 0          
                 
 
Short-Term Investments — 0.94%
 
                         
    Interest
          Percentage of
 
Description   (000’s Omitted)     Value     Net Assets  
Eaton Vance Cash Reserves Fund, LLC, 0.22%(4)
  $ 10,025     $ 10,025,495       0.94 %
                         
                 
Total Short-Term Investments
(identified cost $10,025,495)
  $ 10,025,495          
                 
                 
Total Investments
(identified cost $921,881,740)
  $ 1,059,904,610       99.69 %
                 
                 
Other Assets, Less Liabilities
  $ 3,328,693       0.31 %
                 
                 
Net Assets
  $ 1,063,233,303       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 November 30, 2010. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended November 30, 2010 was $11,738.
 
2


 

The Portfolio did not have any open financial instruments at November 30, 2010.
 
The cost and unrealized appreciation (depreciation) of investments of the Portfolio at November 30, 2010, as determined on a federal income tax basis, were as follows:
 
         
Aggregate cost
  $ 923,557,701  
         
Gross unrealized appreciation
  $ 196,164,600  
Gross unrealized depreciation
    (59,817,691 )
         
Net unrealized appreciation
  $ 136,346,909  
         
 
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 November 30, 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
  $ 33,903,880     $ 107,137,139     $     $ 141,041,019  
Major Capitalization - Far East
          54,954,739             54,954,739  
Major Capitalization - North America
    538,321,032                   538,321,032  
Small & Mid Capitalization - Europe
    47,441,340       9,213,868             56,655,208  
Small & Mid Capitalization - Far East
    35,028,080       54,824,368             89,852,448  
Small & Mid Capitalization - North America
    169,054,669                   169,054,669  
 
 
Total Common Stocks
  $ 823,749,001     $ 226,130,114 *   $     $ 1,049,879,115  
 
 
Call Options Purchased
  $     $     $ 0     $ 0  
Short-Term Investments
          10,025,495             10,025,495  
 
 
Total Investments
  $ 823,749,001     $ 236,155,609     $ 0     $ 1,059,904,610  
 
 
 
* Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments 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 November 30, 2010 to require a reconciliation of Level 3 assets.
 
All Level 3 investments held at November 30, 2010 and August 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.
 
3


 

 
Eaton Vance Richard Bernstein Multi-Market Equity Strategy Fund as of November 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited)
 
Common Stocks — 95.9%
 
                 
Security   Shares     Value  
Aerospace & Defense — 1.6%
               
Aerovironment, Inc.(1)
    4,055     $ 100,159  
Honeywell International, Inc. 
    4,125       205,054  
Precision Castparts Corp. 
    1,332       183,909  
Raytheon Co. 
    3,877       179,311  
                 
            $ 668,433  
                 
Airlines — 0.7%
               
Air France-KLM(1)
    7,827     $ 136,773  
Delta Air Lines, Inc.(1)
    7,135       97,607  
Vueling Airlines SA(1)
    7,228       81,492  
                 
            $ 315,872  
                 
Automobiles — 0.7%
               
Fiat SpA
    8,008     $ 132,505  
Ford Motor Co.(1)
    11,646       185,637  
                 
            $ 318,142  
                 
Biotechnology — 2.2%
               
Basilea Pharmaceutica, Ltd.(1)
    1,718     $ 112,130  
Celgene Corp.(1)
    1,557       92,455  
Genmab AS(1)
    10,378       116,934  
Genzyme Corp.(1)
    1,324       94,295  
Gilead Sciences, Inc.(1)
    5,532       201,918  
Isis Pharmaceuticals, Inc.(1)
    13,577       128,099  
Onyx Pharmaceuticals, Inc.(1)
    3,429       100,984  
Vertex Pharmaceuticals, Inc.(1)
    2,895       95,911  
                 
            $ 942,726  
                 
Building Products — 1.1%
               
Apogee Enterprises, Inc. 
    11,562     $ 130,072  
Asahi Glass Co., Ltd. 
    15,000       166,787  
Compagnie de Saint-Gobain
    3,685       164,789  
                 
            $ 461,648  
                 
Capital Markets — 3.9%
               
Ameriprise Financial, Inc. 
    2,459     $ 127,474  
BlackRock, Inc. 
    978       159,414  
Calamos Asset Management, Inc. 
    8,520       101,644  
Charles Schwab Corp. (The)
    6,453       96,989  
Credit Suisse Group AG
    5,457       201,768  
Deutsche Bank AG
    3,734       176,812  
E*Trade Financial Corp.(1)
    9,707       143,178  
Invesco, Ltd. 
    7,523       163,550  
Morgan Stanley
    8,348       204,192  
SBI Holdings, Inc. 
    891       121,060  
SWS Group, Inc. 
    12,835       66,742  
TradeStation Group, Inc.(1)
    18,164       115,523  
                 
            $ 1,678,346  
                 
Chemicals — 3.4%
               
A. Schulman, Inc. 
    6,863     $ 138,976  
Dow Chemical Co. (The)
    6,505       202,826  
Georgia Gulf Corp.(1)
    6,511       132,369  
Kanto Denka Kogyo Co., Ltd. 
    15,000       108,738  
Monsanto Co. 
    2,967       177,783  
Omnova Solutions, Inc.(1)
    11,646       102,252  
Stella Chemifa Corp. 
    2,600       104,038  
 
1


 

                 
Security   Shares     Value  
Stepan Co. 
    1,839     $ 129,741  
Tokyo Ohka Kogyo Co., Ltd. 
    5,900       109,007  
W.R. Grace & Co.(1)
    3,901       130,567  
Westlake Chemical Corp. 
    2,669       100,781  
                 
            $ 1,437,078  
                 
Commercial Banks — 7.3%
               
Alpha Bank A.E.(1)
    14,191     $ 78,764  
Banco Bilbao Vizcaya Argentaria SA
    5,974       54,879  
Banco Popolare SC
    18,578       76,805  
Banco Santander SA
    12,382       118,036  
Bank of Montreal
    1,573       92,245  
BNP Paribas
    3,896       230,447  
BOK Financial Corp. 
    3,195       149,206  
Credit Agricole SA
    12,585       153,778  
EFG Eurobank Ergasias SA(1)
    12,710       63,311  
Home BancShares, Inc.
    6,758       139,891  
HSBC Holdings PLC
    9,745       98,614  
Jyske Bank AS(1)
    2,329       94,703  
MB Financial, Inc. 
    10,434       148,476  
Natixis(1)
    18,193       79,879  
Pinnacle Financial Partners, Inc.(1)
    10,240       100,659  
PNC Financial Services Group, Inc. 
    3,142       169,197  
PrivateBancorp, Inc. 
    8,128       98,836  
Resona Holdings, Inc. 
    24,700       150,744  
Royal Bank of Canada
    4,273       228,729  
S&T Bancorp, Inc. 
    6,353       124,646  
Societe Generale
    3,863       178,617  
Sumitomo Mitsui Financial Group, Inc. 
    6,500       199,607  
U.S. Bancorp
    4,029       95,810  
Unione di Banche Italiane SCPA
    15,788       130,746  
Wells Fargo & Co. 
    2,784       75,753  
                 
            $ 3,132,378  
                 
Commercial Services & Supplies — 0.9%
               
M&F Worldwide Corp.(1)
    6,344     $ 149,401  
RR Donnelley & Sons Co. 
    9,294       146,474  
Viad Corp. 
    4,460       105,925  
                 
            $ 401,800  
                 
Communications Equipment — 1.4%
               
Calix, Inc.(1)
    7,048     $ 90,003  
Cisco Systems, Inc.(1)
    4,846       92,850  
Hitachi Kokusai Electric, Inc. 
    16,000       146,062  
Research In Motion, Ltd.(1)
    3,198       197,042  
Telefonaktiebolaget LM Ericsson, Class B
    8,574       88,495  
                 
            $ 614,452  
                 
Computers & Peripherals — 2.2%
               
Apple, Inc.(1)
    649     $ 201,936  
Fujitsu, Ltd. 
    26,000       166,586  
Hewlett-Packard Co. 
    2,998       125,706  
Intevac, Inc.(1)
    8,059       107,185  
Seagate Technology PLC(1)
    9,826       131,767  
Silicon Graphics International Corp.(1)
    11,047       84,952  
Western Digital Corp.(1)
    3,338       111,823  
                 
            $ 929,955  
                 
Construction & Engineering — 0.6%
               
Foster Wheeler AG(1)
    3,099     $ 86,772  
URS Corp.(1)
    3,803       150,371  
                 
            $ 237,143  
                 
 
2


 

                 
Security   Shares     Value  
Construction Materials — 1.4%
               
Buzzi Unicem SpA
    14,318     $ 133,509  
CRH PLC
    9,186       159,368  
Holcim, Ltd. 
    2,446       157,138  
Italcementi SpA
    9,089       63,171  
Texas Industries, Inc. 
    2,681       101,020  
                 
            $ 614,206  
                 
Diversified Consumer Services — 1.1%
               
DeVry, Inc. 
    1,568     $ 67,330  
Education Management Corp.(1)
    6,285       88,744  
ITT Educational Services, Inc.(1)
    1,127       65,918  
Lincoln Educational Services Corp.(1)
    7,786       114,143  
Service Corporation International
    18,997       153,116  
                 
            $ 489,251  
                 
Diversified Financial Services — 2.3%
               
CME Group, Inc. 
    592     $ 170,531  
Groupe Bruxelles Lambert SA
    1,885       147,681  
ING Groep NV(1)
    18,350       161,840  
JPMorgan Chase & Co. 
    10,566       394,957  
Leucadia National Corp.(1)
    4,659       120,948  
                 
            $ 995,957  
                 
Diversified Telecommunication Services — 1.2%
               
AT&T, Inc. 
    3,206     $ 89,095  
Cbeyond, Inc.(1)
    7,853       103,503  
France Telecom SA
    4,340       88,014  
Global Crossing, Ltd.(1)
    7,235       96,732  
Hellenic Telecommunications Organization SA
    13,996       126,861  
                 
            $ 504,205  
                 
Electric Utilities — 2.5%
               
Alpiq Holding, Ltd. 
    379     $ 129,998  
American Electric Power Co., Inc. 
    4,358       155,145  
EDF SA
    3,556       148,060  
Edison International
    3,493       129,031  
Exelon Corp. 
    4,851       190,984  
Kyushu Electric Power Co., Inc. 
    4,200       93,163  
PPL Corp. 
    3,170       80,550  
Progress Energy, Inc. 
    3,236       141,381  
                 
            $ 1,068,312  
                 
Electrical Equipment — 0.4%
               
Alstom Holdings SA
    3,344     $ 137,564  
Nordex SE(1)
    8,987       53,760  
                 
            $ 191,324  
                 
Electronic Equipment, Instruments & Components — 1.8%
               
Corning, Inc. 
    8,923     $ 157,580  
Flextronics International, Ltd.(1)
    17,724       128,499  
FLIR Systems, Inc.(1)
    3,721       99,741  
FUJIFILM Holdings Corp. 
    4,700       157,324  
Itron, Inc.(1)
    2,471       140,279  
LG Display Co., Ltd. ADR
    5,507       93,839  
                 
            $ 777,262  
                 
Energy Equipment & Services — 4.1%
               
Baker Hughes, Inc. 
    2,660     $ 138,746  
Cameron International Corp.(1)
    2,285       109,931  
CGGVeritas(1)
    4,073       94,221  
Exterran Holdings, Inc.(1)
    4,942       112,035  
Gulf Island Fabrication, Inc. 
    2,729       73,028  
Halliburton Co. 
    5,007       189,465  
 
3


 

                 
Security   Shares     Value  
Helmerich & Payne, Inc. 
    2,126     $ 96,435  
McDermott International, Inc.(1)
    5,837       106,992  
Nabors Industries, Ltd.(1)
    6,253       138,129  
Noble Corp. 
    4,417       149,825  
Seadrill, Ltd. 
    3,083       94,239  
Tenaris SA
    4,835       101,943  
Transocean, Ltd.(1)
    2,506       167,977  
Weatherford International, Ltd.(1)
    8,398       171,403  
                 
            $ 1,744,369  
                 
Food & Staples Retailing — 0.9%
               
Kroger Co. (The)
    4,880     $ 114,924  
Seven & i Holdings Co., Ltd. 
    7,200       175,905  
Winn-Dixie Stores, Inc.(1)
    12,050       73,264  
                 
            $ 364,093  
                 
Food Products — 0.8%
               
Dean Foods Co.(1)
    14,678     $ 106,709  
Mead Johnson Nutrition Co., Class A
    2,222       132,365  
Nestle SA
    1,773       96,326  
                 
            $ 335,400  
                 
Health Care Equipment & Supplies — 1.2%
               
Boston Scientific Corp.(1)
    16,484     $ 105,827  
Covidien PLC
    2,343       98,570  
Intuitive Surgical, Inc.(1)
    536       139,516  
Zimmer Holdings, Inc.(1)
    3,159       155,612  
                 
            $ 499,525  
                 
Health Care Providers & Services — 3.1%
               
Accretive Health, Inc.(1)
    5,804     $ 79,457  
Aetna, Inc. 
    5,336       158,052  
Community Health Systems, Inc.(1)
    4,459       142,064  
Genoptix, Inc.(1)
    7,263       123,979  
Healthways, Inc.(1)
    11,468       110,666  
IPC The Hospitalist Co., Inc.(1)
    3,227       104,619  
Medco Health Solutions, Inc.(1)
    2,953       181,078  
PharMerica Corp.(1)
    10,860       117,940  
Triple-S Management Corp.(1)
    6,711       128,918  
WellPoint, Inc.(1)
    3,194       178,034  
                 
            $ 1,324,807  
                 
Hotels, Restaurants & Leisure — 0.8%
               
California Pizza Kitchen, Inc.(1)
    5,086     $ 86,004  
Royal Caribbean Cruises, Ltd.(1)
    2,624       105,616  
Starwood Hotels & Resorts Worldwide, Inc. 
    2,924       166,200  
                 
            $ 357,820  
                 
Household Durables — 1.3%
               
Cavco Industries, Inc.(1)
    2,171     $ 79,155  
Funai Electric Co., Ltd. 
    3,600       122,108  
Sony Corp. 
    5,800       205,617  
Stanley Black & Decker, Inc. 
    2,611       155,433  
                 
            $ 562,313  
                 
Household Products — 0.2%
               
Procter & Gamble Co. 
    1,482     $ 90,506  
                 
            $ 90,506  
                 
Independent Power Producers & Energy Traders — 0.9%
               
Calpine Corp.(1)
    12,420     $ 150,282  
Mirant Corp.(1)
    8,749       86,790  
 
4


 

                 
Security   Shares     Value  
NRG Energy, Inc.(1)
    7,421     $ 143,819  
                 
            $ 380,891  
                 
Industrial Conglomerates — 0.6%
               
General Electric Co. 
    5,630     $ 89,123  
Tyco International, Ltd. 
    4,615       174,862  
                 
            $ 263,985  
                 
Insurance — 7.5%
               
Aegon NV(1)
    26,346     $ 144,849  
Allstate Corp. (The)
    2,758       80,285  
Assured Guaranty, Ltd. 
    5,849       99,491  
Aviva PLC
    26,490       146,134  
AXA SA
    10,896       156,035  
CNP Assurances
    5,135       82,245  
Dai-ichi Life Insurance Co., Ltd. (The)
    92       131,997  
eHealth, Inc.(1)
    8,402       126,450  
Euler Hermes SA(1)
    1,225       101,477  
Fondiaria-Sai SpA
    15,417       102,801  
Genworth Financial, Inc., Class A(1)
    6,935       80,862  
Great-West Lifeco, Inc. 
    4,362       109,416  
Grupo Catalana Occidente SA
    4,666       67,380  
Hartford Financial Services Group, Inc. 
    7,426       165,303  
Lincoln National Corp. 
    3,830       91,460  
Manulife Financial Corp. 
    13,260       184,455  
MetLife, Inc. 
    5,466       208,528  
Power Corporation of Canada
    6,148       163,440  
Power Financial Corporation
    5,477       160,701  
Principal Financial Group, Inc. 
    5,916       161,152  
Prudential Financial, Inc. 
    3,018       152,952  
Sun Life Financial, Inc. 
    5,606       151,270  
Swiss Reinsurance Co., Ltd. 
    3,693       170,549  
Tokio Marine Holdings, Inc. 
    3,600       101,900  
Travelers Companies, Inc. (The)
    1,686       91,027  
                 
            $ 3,232,159  
                 
Internet Software & Services — 2.2%
               
Access Co., Ltd. 
    75     $ 105,597  
Google, Inc., Class A(1)
    566       314,532  
Gourmet Navigator, Inc. 
    73       104,215  
ModusLink Global Solutions, Inc.(1)
    14,619       97,947  
Monster Worldwide, Inc.(1)
    6,878       155,305  
Yahoo! Inc.(1)
    10,565       166,610  
                 
            $ 944,206  
                 
IT Services — 2.5%
               
Alliance Data Systems Corp.(1)
    2,396     $ 151,140  
CoreLogic, Inc. 
    7,719       140,563  
International Business Machines Corp. 
    653       92,373  
Lender Processing Services, Inc. 
    3,626       111,572  
MasterCard, Inc., Class A
    435       103,108  
TNS, Inc.(1)
    5,357       102,961  
Unisys Corp.(1)
    3,257       73,641  
Visa, Inc., Class A
    2,475       182,779  
Western Union Co. 
    7,095       125,156  
                 
            $ 1,083,293  
                 
Life Sciences Tools & Services — 0.4%
               
eResearchTechnology, Inc.(1)
    12,827     $ 71,960  
Thermo Fisher Scientific, Inc.(1)
    1,828       92,972  
                 
            $ 164,932  
                 
 
5


 

                 
Security   Shares     Value  
Machinery — 0.5%
               
Ingersoll-Rand PLC
    3,197     $ 131,077  
Navistar International Corp.(1)
    1,931       98,829  
                 
            $ 229,906  
                 
Media — 5.4%
               
Belo Corp.(1)
    18,659     $ 108,222  
Cablevision Systems Corp. 
    5,002       158,413  
CBS Corp., Class B
    10,330       173,957  
Central European Media Enterprises, Ltd., Class A(1)
    3,556       68,133  
Comcast Corp., Class A
    9,736       194,720  
Dex One Corp.(1)
    15,798       75,041  
DIRECTV, Class A(1)
    2,201       91,408  
Entercom Communications Corp., Class A(1)
    13,821       120,104  
Gestevision Telecinco SA
    9,933       94,146  
Interpublic Group of Cos., Inc.(1)
    15,464       164,692  
McGraw-Hill Cos., Inc. (The)
    3,681       126,958  
News Corp., Class A
    13,997       190,919  
RTL Group SA
    1,102       93,952  
Time Warner Cable, Inc. 
    2,322       142,896  
Time Warner, Inc. 
    5,881       173,431  
Tokyo Broadcasting System Holdings, Inc. 
    11,000       141,796  
Viacom, Inc., Class B
    4,923       186,237  
                 
            $ 2,305,025  
                 
Metals & Mining — 3.5%
               
AMCOL International Corp. 
    3,538     $ 98,816  
Anglo American PLC
    4,866       213,407  
ArcelorMittal
    5,952       187,612  
BHP Billiton, Ltd. 
    2,422       99,576  
Brush Engineered Materials, Inc.(1)
    2,926       102,995  
JFE Holdings, Inc. 
    4,200       133,182  
Kyoei Steel, Ltd. 
    10,600       145,340  
Metals USA Holdings Corp.(1)
    7,558       103,016  
Nucor Corp. 
    4,290       161,905  
Olympic Steel, Inc. 
    6,399       134,635  
Salzgitter AG
    1,942       124,456  
                 
            $ 1,504,940  
                 
Multi-Utilities — 1.1%
               
GDF Suez
    5,469     $ 180,765  
Veolia Environnement SA
    4,282       112,749  
Xcel Energy, Inc. 
    7,185       168,847  
                 
            $ 462,361  
                 
Multiline Retail — 0.4%
               
Sears Holdings Corp.(1)
    2,320     $ 151,960  
                 
            $ 151,960  
                 
Oil, Gas & Consumable Fuels — 9.4%
               
Anadarko Petroleum Corp. 
    1,989     $ 127,614  
Atlas Energy, Inc.(1)
    3,367       144,613  
Bill Barrett Corp.(1)
    2,457       94,472  
BP PLC
    36,079       240,827  
Cenovus Energy, Inc. 
    5,384       154,877  
Chesapeake Energy Corp. 
    7,393       156,140  
Chevron Corp. 
    1,119       90,605  
Comstock Resources, Inc.(1)
    4,274       104,713  
Crosstex Energy, Inc. 
    10,775       99,669  
Encana Corp. 
    6,217       172,178  
Exxon Mobil Corp. 
    4,911       341,609  
Goodrich Petroleum Corp.(1)
    8,949       117,679  
Hess Corp. 
    2,559       179,258  
 
6


 

                 
Security   Shares     Value  
Husky Energy, Inc. 
    6,207     $ 147,957  
INPEX Corp. 
    24       123,204  
Motor Oil (Hellas) Corinth Refineries SA
    10,916       101,867  
Nexen, Inc. 
    7,792       162,967  
Petrohawk Energy Corp.(1)
    6,730       119,996  
Petroleo Brasileiro SA ADR
    5,504       178,550  
Petroplus Holdings AG(1)
    12,324       117,884  
PetroQuest Energy, Inc.(1)
    14,566       100,942  
Plains Exploration & Production Co.(1)
    3,251       93,174  
QEP Resources, Inc. 
    4,067       142,874  
Southwestern Energy Co.(1)
    4,695       169,959  
Spectra Energy Corp. 
    7,421       176,397  
Suncor Energy, Inc. 
    6,951       233,472  
Williams Cos., Inc. 
    6,445       147,010  
                 
            $ 4,040,507  
                 
Paper & Forest Products — 0.5%
               
Louisiana-Pacific Corp.(1)
    11,545     $ 94,669  
MeadWestvaco Corp. 
    4,573       113,593  
                 
            $ 208,262  
                 
Pharmaceuticals — 1.3%
               
Johnson & Johnson
    1,455     $ 89,555  
Optimer Pharmaceuticals, Inc.(1)
    10,182       96,424  
Pfizer, Inc. 
    5,361       87,331  
Roche Holding AG
    2,000       274,268  
                 
            $ 547,578  
                 
Professional Services — 0.3%
               
School Specialty, Inc.(1)
    11,746     $ 148,352  
                 
            $ 148,352  
                 
Real Estate Investment Trusts (REITs) — 1.0%
               
Cedar Shopping Centers, Inc. 
    14,463     $ 87,646  
Host Hotels & Resorts, Inc. 
    7,738       127,522  
Parkway Properties, Inc. 
    7,545       119,890  
Sunstone Hotel Investors, Inc.(1)
    9,265       88,203  
                 
            $ 423,261  
                 
Real Estate Management & Development — 0.8%
               
Elbit Imaging, Ltd.(1)
    6,896     $ 84,928  
Goldcrest Co., Ltd. 
    6,560       140,224  
St. Joe Co. (The)(1)
    6,110       107,536  
                 
            $ 332,688  
                 
Road & Rail — 0.2%
               
Roadrunner Transportation Systems, Inc.(1)
    7,794     $ 98,828  
                 
            $ 98,828  
                 
Semiconductors & Semiconductor Equipment — 3.4%
               
Axell Corp. 
    4,400     $ 102,454  
Elpida Memory, Inc.(1)
    13,100       155,557  
First Solar, Inc.(1)
    622       76,413  
Manz Automation AG(1)
    2,503       139,511  
PMC-Sierra, Inc.(1)
    12,318       89,306  
Roth & Rau AG(1)
    7,694       106,830  
Soitec SA(1)
    9,630       96,577  
Sumco Corp.(1)
    6,200       97,884  
SunPower Corp., Class A(1)
    6,783       79,090  
Supertex, Inc.(1)
    4,118       102,991  
Teradyne, Inc.(1)
    9,643       114,366  
Ultra Clean Holdings, Inc.(1)
    10,029       78,627  
Ulvac, Inc. 
    5,900       139,059  
 
7


 

                 
Security   Shares     Value  
Veeco Instruments, Inc.(1)
    2,280     $ 100,274  
                 
            $ 1,478,939  
                 
Software — 1.4%
               
Activision Blizzard, Inc. 
    8,090     $ 94,976  
Adobe Systems, Inc.(1)
    3,816       105,818  
CA, Inc. 
    5,475       125,323  
Microsoft Corp. 
    6,447       162,529  
Nuance Communications, Inc.(1)
    5,721       101,119  
                 
            $ 589,765  
                 
Specialty Retail — 1.7%
               
Christopher & Banks Corp. 
    15,326     $ 81,688  
Citi Trends, Inc.(1)
    3,370       79,835  
EDION Corp. 
    12,800       100,545  
J. Crew Group, Inc.(1)
    3,018       131,947  
JUMBO SA
    14,769       97,333  
Select Comfort Corp.(1)
    7,321       64,352  
Staples, Inc. 
    4,096       90,153  
Talbots, Inc.(1)
    7,169       82,443  
                 
            $ 728,296  
                 
Textiles, Apparel & Luxury Goods — 0.2%
               
True Religion Apparel, Inc.(1)
    3,682     $ 82,587  
                 
            $ 82,587  
                 
Thrifts & Mortgage Finance — 0.3%
               
TFS Financial Corp. 
    16,537     $ 135,273  
                 
            $ 135,273  
                 
Tobacco — 0.4%
               
Lorillard, Inc. 
    2,098     $ 166,959  
                 
            $ 166,959  
                 
Trading Companies & Distributors — 0.6%
               
Aircastle, Ltd. 
    13,125     $ 125,737  
Kuroda Electric Co., Ltd. 
    9,700       118,401  
                 
            $ 244,138  
                 
Wireless Telecommunication Services — 0.3%
               
VimpelCom, Ltd. ADR
    8,188     $ 128,306  
                 
            $ 128,306  
                 
                 
Total Common Stocks
(identified cost $42,192,904)
          $ 41,134,720  
                 
 
Rights — 0.0%(2)
 
                 
Security   Shares     Value  
Gestevision Telecinco SA, Exp. 12/09/10(1)
    9,933     $ 6,834  
                 
                 
Total Rights
(identified cost $0)
          $ 6,834  
                 
 
8


 

Short-Term Investments — 5.0%
 
                 
    Interest
       
Description   (000’s omitted)     Value  
Eaton Vance Cash Reserves Fund, LLC, 0.22%(3)
  $ 2,143     $ 2,143,343  
                 
                 
Total Short-Term Investments
(identified cost $2,143,343)
          $ 2,143,343  
                 
                 
Total Investments — 100.9%
(identified cost $44,336,247)
          $ 43,284,897  
                 
                 
Other Assets, Less Liabilities — (0.9)%
          $ (401,247 )
                 
                 
Net Assets — 100.0%
          $ 42,883,650  
                 
 
             
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.
         
(2)
      Amount is less than 0.05%.
         
(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 November 30, 2010. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the period from the start of business, October 12, 2010, to November 30, 2010 was $1,155.
 
Country Concentration of Portfolio
 
                 
    Percentage
       
Country   of Net Assets     Value  
United States
    62.8 %   $ 26,903,254  
Japan
    9.0       3,868,102  
Canada
    5.0       2,158,749  
France
    5.0       2,141,990  
Switzerland
    4.7       2,010,900  
Bermuda
    2.1       914,317  
United Kingdom
    1.6       698,982  
Italy
    1.5       639,537  
Germany
    1.4       601,369  
Ireland
    1.2       520,782  
Greece
    1.1       468,136  
Spain
    1.0       422,767  
Luxembourg
    0.9       383,507  
Netherlands
    0.7       306,689  
Denmark
    0.5       211,637  
Brazil
    0.4       178,550  
Belgium
    0.3       147,681  
Other Countries, less than 0.3% each
    1.7       707,948  
                 
Total Investments
    100.9 %   $ 43,284,897  
                 
 
The Fund is a diversified series of Eaton Vance Growth 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 commenced operations on October 12, 2010.
 
Equity securities (including common shares of closed-end investment companies) 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 or, in the case of preferred equity securities that are not listed or traded in the over-the-counter market, by a third party pricing service that will use various techniques that consider factors including, but not limited to, prices or yields of securities with similar characteristics, benchmark yields, broker/dealer quotes, quotes of underlying common stock, issuer spreads, as well as industry and economic events. Short-term debt securities purchased with a remaining maturity of sixty days or less are generally valued at amortized cost, which approximates market value. Foreign securities and currencies are valued in U.S. dollars, based on foreign currency exchange rate quotations supplied by a third party pricing service. The pricing service uses a proprietary
 
9


 

model to determine the exchange rate. Inputs to the model include reported trades and implied bid/ask spreads. The daily valuation of exchange-traded foreign securities generally is determined as of the close of trading on the principal exchange on which such securities trade. Events occurring after the close of trading on foreign exchanges may result in adjustments to the valuation of foreign securities to more accurately reflect their fair value as of the close of regular trading on the New York Stock Exchange. When valuing foreign equity securities that meet certain criteria, the Trustees have approved the use of a fair value service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that have a strong correlation to the fair-valued securities. 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 most 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 all 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. The Fund may invest in Eaton Vance Cash Reserves Fund, LLC (Cash Reserves Fund), an affiliated investment company managed by Eaton Vance Management. 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.
 
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.
 
The Fund did not have any open financial instruments at November 30, 2010.
 
The cost and unrealized appreciation (depreciation) of investments of the Fund at November 30, 2010, as determined on a federal income tax basis, were as follows:
 
         
Aggregate cost
  $ 44,336,247  
         
Gross unrealized appreciation
  $ 1,045,007  
Gross unrealized depreciation
    (2,096,357 )
         
Net unrealized depreciation
  $ (1,051,350 )
         
 
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.
 
10


 

At November 30, 2010, the inputs used in valuing the Fund’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
  $ 4,101,345     $ 894,050     $     $ 4,995,395  
Consumer Staples
    684,727       272,231             956,958  
Energy
    4,910,692       874,184             5,784,876  
Financials
    6,036,333       3,893,730             9,930,063  
Health Care
    2,976,236       503,331             3,479,567  
Industrials
    2,401,862       859,567             3,261,429  
Information Technology
    4,811,721       1,606,150             6,417,871  
Materials
    2,025,944       1,738,542             3,764,486  
Telecommunication Services
    417,636       214,875             632,511  
Utilities
    1,246,829       664,735             1,911,564  
 
 
Total Common Stocks
  $ 29,613,325     $ 11,521,395 *   $     $ 41,134,720  
 
 
                                 
Rights
  $ 6,834     $     $     $ 6,834  
Short-Term Investments
          2,143,343             2,143,343  
 
 
Total Investments
  $ 29,620,159     $ 13,664,738     $     $ 43,284,897  
 
 
 
* Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.
 
11


 

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/ Duncan W. Richardson    
 
       
 
  Duncan W. Richardson    
 
  President    
 
       
Date:
  January 24, 2011    
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/ Duncan W. Richardson    
 
       
 
  Duncan W. Richardson    
 
  President    
 
       
Date:
  January 24, 2011    
 
       
By:
  /s/ Barbara E. Campbell    
 
       
 
  Barbara E. Campbell    
 
  Treasurer    
 
       
Date:
  January 24, 2011    

 

EX-99.CERT 2 b84270a1exv99wcert.htm EX-99.CERT SECTION 302 CERTIFICATION EX-99.CERT Section 302 Certification
Eaton Vance Growth Trust
Certification
Pursuant to Rule 302 of the Sarbanes-Oxley Act of 2003
I, Duncan W. Richardson, certify that:
1. I have reviewed this report on Form N-Q of Eaton Vance Growth Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is being filed;
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
     (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     (c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
     (d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 


 

5. The registrant’s other certifying officers and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
     (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
     (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
         
By:
  /s/ Duncan W. Richardson    
 
       
 
  Duncan W. Richardson    
 
  President    
 
       
Date:
  January 24, 2010    

 


 

Eaton Vance Growth Trust
Certification
Pursuant to Rule 302 of the Sarbanes-Oxley Act of 2003
I, Barbara E. Campbell, certify that:
1. I have reviewed this report on Form N-Q of Eaton Vance Growth Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is being filed;
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
     (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     (c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
     (d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 


 

5. The registrant’s other certifying officers and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
     (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
     (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
         
By:
  /s/ Barbara E. Campbell    
 
       
 
  Barbara E. Campbell    
 
  Treasurer    
 
       
Date:
  January 24, 2010    

 

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