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)

July 31

Date of Fiscal Year End

October 31, 2014

Date of Reporting Period

Item 1. Schedule of Investments

Eaton Vance

Hexavest Emerging Markets Equity Fund

October 31, 2014

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 82.7%

Security	Shares		Value
Brazil — 7.4%
AMBEV SA		12,000	$	79,422
Banco Bradesco SA, PFC Shares		3,000		45,183
Cia Brasileira de Distribuicao Grupo Pao de Acucar, PFC Shares		200		8,386
Cia de Concessoes Rodoviarias SA (CCR)		3,200		23,827
Cia de Saneamento Basico do Estado de Sao Paulo		1,300		10,173
Cia Energetica de Minas Gerais SA ADR		4,349		25,137
Cia Energetica de Minas Gerais SA, PFC Shares		2,400		13,783
Cia Paranaense de Energia-Copel, PFC Shares		972		13,576
Itau Unibanco Holding SA, PFC Shares		800		11,865
Itau Unibanco Holding SA ADR, PFC Shares		2,405		35,498
Itausa-Investimentos Itau SA, PFC Shares		9,780		39,035
Petroleo Brasileiro SA		8,400		49,663
Petroleo Brasileiro SA, PFC Shares		2,000		12,333
Souza Cruz SA		2,600		21,006
Telefonica Brasil SA, PFC Shares		1,578		32,230
Tractebel Energia SA		976		13,293
Vale SA, PFC Shares		4,748		41,293
			$	475,703
Chile — 3.1%
Cencosud SA		13,645	$	39,058
Empresa Nacional de Electricidad SA ADR		922		43,039
Empresa Nacional de Telecomunicaciones SA		1,532		16,507
Empresas Copec SA		2,766		33,529
Enersis SA ADR		3,565		56,291
S.A.C.I. Falabella		1,702		12,426
			$	200,850
China — 15.6%
Belle International Holdings, Ltd.		22,000	$	27,967
China Life Insurance Co., Ltd., Class H		13,000		38,792
China Mengniu Dairy Co., Ltd.		2,000		8,770
China Mobile, Ltd.		16,452		205,128
China Oilfield Services, Ltd., Class H		12,000		25,080
China Petroleum & Chemical Corp., Class H		78,000		67,642
China Resources Enterprise, Ltd.		8,000		19,028
China Shenhua Energy Co., Ltd., Class H		23,000		64,678
China Telecom Corp., Ltd., Class H		90,000		57,371
China Unicom (Hong Kong), Ltd.		56,000		83,708
CNOOC, Ltd.		42,000		65,659
Great Wall Motor Co., Ltd., Class H		3,500		15,359
Guangdong Investment, Ltd.		28,000		36,760
Hengan International Group Co., Ltd.		4,000		42,060
PetroChina Co., Ltd., Class H		50,000		62,662
PICC Property & Casualty Co., Ltd., Class H		8,000		14,675
Ping An Insurance (Group) Co. of China, Ltd., Class H		5,000		40,874
Sinopharm Group Co., Ltd., Class H		3,600		14,133
Tencent Holdings, Ltd.		3,800		61,075
Tingyi (Cayman Islands) Holding Corp.		6,000		14,849
Want Want China Holdings, Ltd.		31,000		42,093
			$	1,008,363

1

Security	Shares		Value
Czech Republic — 0.6%
CEZ AS		1,308	$	36,182
			$	36,182
India — 2.3%
Dr. Reddy’s Laboratories, Ltd. ADR		693	$	36,237
HDFC Bank, Ltd. ADR		487		25,533
Infosys, Ltd. ADR		778		52,017
Reliance Industries, Ltd. GDR(1)		472		15,293
State Bank of India GDR(2)		32		2,807
Tata Motors, Ltd. ADR		416		19,594
			$	151,481
Indonesia — 2.3%
Astra International Tbk PT		70,000	$	39,250
Bank Central Asia Tbk PT		37,000		39,943
Bank Rakyat Indonesia Tbk PT		14,500		13,288
Perusahaan Gas Negara Tbk PT		45,000		22,166
Telekomunikasi Indonesia Tbk PT		141,500		32,226
			$	146,873
Malaysia — 3.5%
AMMB Holdings Bhd		18,300	$	37,731
CIMB Group Holdings Bhd		21,900		43,245
Genting Bhd		15,900		47,138
Malayan Banking Bhd		10,200		30,091
Sime Darby Bhd		14,200		41,789
Tenaga Nasional Bhd ADR		1,706		27,717
			$	227,711
Mexico — 7.1%
America Movil SAB de CV, Series L		108,637	$	132,869
Coca-Cola Femsa SAB de CV, Series L		3,400		36,007
Fomento Economico Mexicano SAB de CV, Series UBD		8,974		86,453
Grupo Bimbo SAB de CV, Series A		9,400		27,643
Grupo Financiero Banorte SAB de CV, Class O		6,400		41,015
Grupo Mexico SAB de CV, Series B		20,800		71,592
Wal-Mart de Mexico SAB de CV, Series V		28,500		66,095
			$	461,674
Peru — 1.2%
Cia de Minas Buenaventura SA ADR		816	$	7,507
Credicorp, Ltd.		319		51,359
Southern Copper Corp.		723		20,808
			$	79,674
Poland — 4.5%
Bank Pekao SA		726	$	37,998
KGHM Polska Miedz SA		1,052		40,574
Orange Polska SA		4,698		14,077
Polska Grupa Energetyczna SA		8,272		54,273
Polski Koncern Naftowy Orlen SA		763		9,506
Powszechna Kasa Oszczednosci Bank Polski SA		5,500		61,178
Powszechny Zaklad Ubezpieczen SA		491		73,670
			$	291,276
Russia — 2.7%
LUKOIL OAO ADR		1,114	$	54,642
Magnit PJSC GDR(2)		146		9,738
Mobile TeleSystems ADR		1,606		22,966
OAO Gazprom ADR		9,908		65,373
Sberbank of Russia ADR		3,359		25,226
			$	177,945

2

Security	Shares		Value
South Africa — 4.1%
Bidvest Group, Ltd. (The)		607	$	16,706
FirstRand, Ltd.		3,067		13,137
MTN Group, Ltd.		4,907		108,656
Sasol, Ltd.		953		47,588
Standard Bank Group, Ltd.		5,166		65,054
Tiger Brands, Ltd.		377		11,347
			$	262,488
South Korea — 17.7%
Celltrion, Inc.(3)		338	$	13,300
E-Mart Co., Ltd.		158		29,317
Hana Financial Group, Inc.		1,340		46,404
Hankook Tire Co., Ltd.		714		36,788
Hyundai Heavy Industries Co., Ltd.		139		12,915
Hyundai Mobis Co., Ltd.		299		69,955
Hyundai Motor Co.		667		105,841
KB Financial Group, Inc.		1,090		42,728
Kia Motors Corp.		1,129		54,838
Korea Electric Power Corp. ADR		2,709		59,219
KT&G Corp.		677		59,943
LG Chem, Ltd.		129		24,177
LG Corp.		619		36,831
LG Electronics, Inc.		374		22,841
LG Uplus Corp.		1,300		13,369
NCsoft Corp.		155		21,353
POSCO		53		15,308
Samsung C&T Corp.		463		31,321
Samsung Electronics Co., Ltd.		165		192,413
Samsung Electronics Co., Ltd., PFC Shares		43		39,692
Samsung Fire & Marine Insurance Co., Ltd.		206		55,468
Shinhan Financial Group Co., Ltd.		1,740		81,894
SK Innovation Co., Ltd.		323		26,421
SK Telecom Co., Ltd. ADR		1,368		38,017
Woori Finance Holdings Co., Ltd.(3)		1,340		14,920
			$	1,145,273
Taiwan — 10.6%
Cathay Financial Holding Co., Ltd.		31,165	$	51,371
Chunghwa Telecom Co., Ltd. ADR		2,333		70,783
CTBC Financial Holding Co., Ltd.		61,182		42,906
Far Eastern New Century Corp.		56,514		59,427
Formosa Plastics Corp.		16,000		36,950
Fubon Financial Holding Co., Ltd.		47,000		79,567
Hon Hai Precision Industry Co., Ltd. GDR(2)		8,913		56,285
MediaTek, Inc.		1,000		14,283
President Chain Store Corp.		3,000		22,474
Quanta Computer, Inc.		10,000		25,175
Taiwan Mobile Co., Ltd.		8,000		25,959
Taiwan Semiconductor Manufacturing Co., Ltd. ADR		7,779		171,294
Uni-President Enterprises Corp.		16,960		29,163
			$	685,637
Total Common Stocks (identified cost $5,298,365)			$	5,351,130

3

Exchange-Traded Funds — 3.8%
Security	Shares		Value
Equity Funds — 3.8%
iShares India 50 ETF		833	$	26,173
iShares MSCI Brazil Capped ETF		990		42,807
iShares MSCI Mexico Capped ETF		395		27,038
iShares MSCI South Korea Capped ETF		2,563		150,269
Total Exchange-Traded Funds (identified cost $231,151)			$	246,287
Short-Term Investments — 4.5%
Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.14%(4)	$	288	$	287,868
Total Short-Term Investments (identified cost $287,868)			$	287,868
Total Investments — 91.0% (identified cost $5,817,384)			$	5,885,285
Other Assets, Less Liabilities — 9.0%			$	584,014
Net Assets — 100.0%			$	6,469,299

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

ADR	-	American Depositary Receipt
GDR	-	Global Depositary Receipt
PFC Shares	-	Preference Shares

(1) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be sold in certain transactions (normally to qualified institutional buyers) and remain exempt from registration. At October 31, 2014, the aggregate value of these securities is $15,293 or 0.2% of the Fund’s net assets.

(2) Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At October 31, 2014, the aggregate value of these securities is $68,830 or 1.1% of the Fund’s net assets.

(3) Non-income producing security.

(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 October 31, 2014. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended October 31, 2014 was $108.

4

Sector Classification of Portfolio

Sector	Percentage of Net Assets			Value
Financials		18.6	%	$	1,202,455
Telecommunication Services		13.2			853,866
Consumer Staples		10.1			652,852
Information Technology		9.8			633,587
Energy		9.3			600,069
Consumer Discretionary		7.0			451,997
Utilities		6.3			411,609
Materials		4.0			258,209
Industrials		3.4			222,816
Health Care		1.0			63,670
Common Stocks		82.7	%	$	5,351,130
Exchange-Traded Funds		3.8			246,287
Short-Term Investments		4.5			287,868
Total Investments		91.0	%	$	5,885,285

A summary of open financial instruments at October 31, 2014 is as follows:

Forward Foreign Currency Exchange Contracts

Settlement Date	Deliver	In Exchange For	Counterparty	Unrealized Appreciation		Unrealized (Depreciation)			Net  Unrealized Appreciation (Depreciation)
12/17/14	Czech Koruna 219,793	United States Dollar 10,297	State Street Trust Company Canada	$	392	$	—		$	392
12/17/14	Mexican Peso 280,000	United States Dollar 20,647	State Street Trust Company Canada		—		(92	)		(92	)
12/17/14	Polish Zloty 621,071	United States Dollar 191,358	State Street Trust Company Canada		7,373		—			7,373
12/17/14	Polish Zloty 276,000	United States Dollar 85,129	State Street Trust Company Canada		3,368		—			3,368
12/17/14	United States Dollar 20,543	Hungarian Forint 5,000,000	State Street Trust Company Canada		—		(229	)		(229	)
12/17/14	United States Dollar 119,483	Mexican Peso 1,571,304	State Street Trust Company Canada		—		(3,099	)		(3,099	)
12/17/14	United States Dollar 11,530	Polish Zloty 38,000	State Street Trust Company Canada		—		(273	)		(273	)
12/17/14	United States Dollar 46,766	South African Rand 538,000	State Street Trust Company Canada		1,659		—			1,659
12/17/14	United States Dollar 36,277	South African Rand 397,000	State Street Trust Company Canada		—		(544	)		(544	)
12/19/14	Brazilian Real 121,000	United States Dollar 48,375	State Street Trust Company Canada		174		—			174
12/19/14	Brazilian Real 144,761	United States Dollar 57,518	State Street Trust Company Canada		—		(148	)		(148	)
12/19/14	Chilean Peso 127,495,300	United States Dollar 211,821	State Street Trust Company Canada		—		(8,850	)		(8,850	)
12/19/14	Indian Rupee 3,224,000	United States Dollar 51,485	State Street Trust Company Canada		—		(530	)		(530	)
12/19/14	Indonesian Rupiah 698,296,000	United States Dollar 56,133	State Street Trust Company Canada		—		(1,218	)		(1,218	)
12/19/14	New Taiwan Dollar 1,120,000	United States Dollar 37,141	State Street Trust Company Canada		301		—			301
12/19/14	Russian Ruble 2,572,000	United States Dollar 62,671	State Street Trust Company Canada		3,631		—			3,631
12/19/14	South Korean Won 1,110,654,362	United States Dollar 1,070,820	State Street Trust Company Canada		33,422		—			33,422

5

Settlement Date	Deliver	In Exchange For	Counterparty	Unrealized Appreciation		Unrealized (Depreciation)			Net  Unrealized Appreciation (Depreciation)
12/19/14	United States Dollar 55,080	Brazilian Real 141,010	State Street Trust Company Canada	$	1,092	$	—		$	1,092
12/19/14	United States Dollar 165,688	Brazilian Real 395,464	State Street Trust Company Canada		—		(8,154	)		(8,154	)
12/19/14	United States Dollar 72,709	Chilean Peso 43,640,000	State Street Trust Company Canada		2,824		—			2,824
12/19/14	United States Dollar 67,776	Colombian Peso 135,247,000	State Street Trust Company Canada		—		(2,362	)		(2,362	)
12/19/14	United States Dollar 25,000	Indian Rupee 1,546,375	State Street Trust Company Canada		—		(51	)		(51	)
12/19/14	United States Dollar 472,240	Indian Rupee 29,259,990	State Street Trust Company Canada		—		(165	)		(165	)
12/19/14	United States Dollar 142,819	Indonesian Rupiah 1,729,103,705	State Street Trust Company Canada		—		(808	)		(808	)
12/19/14	United States Dollar 11,539	Malaysian Ringgit 37,338	State Street Trust Company Canada		—		(226	)		(226	)
12/19/14	United States Dollar 122,055	New Taiwan Dollar 3,668,971	State Street Trust Company Canada		—		(1,371	)		(1,371	)
12/19/14	United States Dollar 22,000	Philippine Peso 980,760	State Street Trust Company Canada		—		(178	)		(178	)
12/19/14	United States Dollar 58,064	Philippine Peso 2,567,000	State Street Trust Company Canada		—		(947	)		(947	)
12/19/14	United States Dollar 127,293	Russian Ruble 4,963,800	State Street Trust Company Canada		—		(13,350	)		(13,350	)
12/19/14	United States Dollar 87,821	South Korean Won 94,513,000	State Street Trust Company Canada		458		—			458
12/19/14	United States Dollar 61,000	South Korean Won 63,702,300	State Street Trust Company Canada		—		(1,499	)		(1,499	)
12/19/14	United States Dollar 48,369	Thai Baht 1,584,000	State Street Trust Company Canada		166		—			166
12/19/14	United States Dollar 19,000	Thai Baht 614,517	State Street Trust Company Canada		—		(171	)		(171	)
12/19/14	United States Dollar 173,023	Yuan Renminbi 1,067,000	State Street Trust Company Canada		851		—			851
12/19/14	United States Dollar 130,484	Yuan Renminbi 803,000	State Street Trust Company Canada		370		—			370
12/19/14	United States Dollar 48,911	Yuan Renminbi 301,000	State Street Trust Company Canada		139		—			139
12/19/14	Yuan Renminbi 263,000	United States Dollar 42,741	State Street Trust Company Canada		—		(116	)		(116	)
12/19/14	Yuan Renminbi 200,000	United States Dollar 32,389	State Street Trust Company Canada		—		(203	)		(203	)
				$	56,220	$	(44,584	)	$	11,636

Futures Contracts

Expiration Month/Year	Contracts	Position	Aggregate Cost		Value		Net  Unrealized Depreciation
12/14	6 E-Mini MSCI Emerging Markets Index	Long	$	310,218	$	304,080	$	(6,138	)
							$	(6,138	)

At October 31, 2014, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

In the normal course of pursuing its investment objective, the Fund is subject to the following risks:

Equity Price Risk: The Fund enters into equity index futures contracts to enhance return.

Foreign Exchange Risk: The Fund enters into forward foreign currency exchange contracts to enhance return.

6

The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) by risk exposure at October 31, 2014 was as follows:

		Fair Value
Risk	Derivative	Asset Derivative		Liability Derivative
Equity Price	Financial futures contracts	$	—	$	(6,138	)
Total		$	—	$	(6,138	)
Foreign Exchange	Forward foreign currency exchange contracts	$	56,220	$	(44,584	)
Total		$	56,220	$	(44,584	)

The cost and unrealized appreciation (depreciation) of investments of the Fund at October 31, 2014, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	5,825,133
Gross unrealized appreciation	$	473,535
Gross unrealized depreciation		(413,383	)
Net unrealized appreciation	$	60,152

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

• Level 1 — quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At October 31, 2014, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at value, were as follows:

Asset Description	Level 1			Level 2			Level 3		Total
Common Stocks
Asia/Pacific	$	555,849		$	2,809,489		$	—	$	3,365,338
Emerging Europe		177,945			327,458			—		505,403
Latin America		1,217,901			—			—		1,217,901
Middle East/Africa		—			262,488			—		262,488
Total Common Stocks	$	1,951,695		$	3,399,435	*	$	—	$	5,351,130
Exchange-Traded Funds	$	246,287		$	—		$	—	$	246,287
Short-Term Investments		—			287,868			—		287,868
Total Investments	$	2,197,982		$	3,687,303		$	—	$	5,885,285
Forward Foreign Currency Exchange Contracts	$	—		$	56,220		$	—	$	56,220
Total	$	2,197,982		$	3,743,523		$	—	$	5,941,505
Liability Description
Forward Foreign Currency Exchange Contracts	$	—		$	(44,584	)	$	—	$	(44,584	)
Futures Contracts		(6,138	)		—			—		(6,138	)
Total	$	(6,138	)	$	(44,584	)	$	—	$	(50,722	)

* 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.

7

The Fund held no investments or other financial instruments as of July 31, 2014 whose fair value was determined using Level 3 inputs. At October 31, 2014, there were no investments transferred between Level 1 and Level 2 during the fiscal year to date then ended.

For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.

8

Eaton Vance

Hexavest Global Equity Fund

October 31, 2014

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 85.7%

Security	Shares		Value
Aerospace & Defense — 0.7%
Lockheed Martin Corp.		996	$	189,807
Northrop Grumman Corp.		1,202		165,828
Rolls-Royce Holdings PLC		2,659		36,015
Rolls-Royce Holdings PLC, Class C(1)		239,310		383
			$	392,033
Air Freight & Logistics — 0.3%
Deutsche Post AG		3,364	$	105,932
Toll Holdings, Ltd.		8,546		42,817
			$	148,749
Auto Components — 1.0%
Aisin Seiki Co., Ltd.		1,100	$	36,639
Bridgestone Corp.		2,300		76,861
Cooper Tire & Rubber Co.		9,577		308,475
Denso Corp.		1,300		59,584
Toyota Industries Corp.		1,100		52,378
			$	533,937
Automobiles — 2.5%
Bayerische Motoren Werke AG		854	$	91,581
Daimler AG		1,601		124,829
Ford Motor Co.		22,802		321,280
Fuji Heavy Industries, Ltd.		1,000		33,283
General Motors Co.		9,678		303,889
Honda Motor Co., Ltd.		3,500		111,892
Mazda Motor Corp.		800		18,902
Nissan Motor Co., Ltd.		6,400		58,379
Toyota Motor Corp.		4,200		252,744
Volkswagen AG, PFC Shares		398		85,113
			$	1,401,892
Banks — 8.0%
Australia and New Zealand Banking Group, Ltd.		5,566	$	164,701
Banco Bilbao Vizcaya Argentaria SA		12,344		138,069
Banco Santander SA		24,415		215,719
Bank of America Corp.		8,228		141,193
Bank of Yokohama, Ltd. (The)		5,000		28,896
Barclays PLC		44,289		170,332
BNP Paribas SA		1,818		114,247
Citigroup, Inc.		7,714		412,930
Commonwealth Bank of Australia		3,223		229,186
Credit Agricole SA		2,549		37,721
HSBC Holdings PLC		24,114		245,851
JPMorgan Chase & Co.		8,328		503,677
Lloyds Banking Group PLC(1)		80,279		99,136
Mitsubishi UFJ Financial Group, Inc.		23,900		139,318
Mizuho Financial Group, Inc.		33,400		60,865
National Australia Bank, Ltd.		5,073		156,937
Nordea Bank AB		7,307		93,981

1

Security	Shares		Value
PNC Financial Services Group, Inc. (The)		1,795	$	155,070
Resona Holdings, Inc.		12,600		72,069
Societe Generale		1,569		75,612
Standard Chartered PLC		4,550		68,490
Sumitomo Mitsui Financial Group, Inc.		2,200		89,722
Svenska Handelsbanken AB, Class A		1,687		80,647
Swedbank AB, Class A		1,727		45,767
U.S. Bancorp		7,943		338,372
Wells Fargo & Co.		7,975		423,393
Westpac Banking Corp.		3,987		122,378
			$	4,424,279
Beverages — 3.4%
Anheuser-Busch InBev NV		1,039	$	115,219
Asahi Group Holdings, Ltd.		2,100		65,140
Coca-Cola Co. (The)		18,837		788,894
Diageo PLC		4,722		139,263
Heineken NV		1,043		77,916
Kirin Holdings Co., Ltd.		4,000		51,859
PepsiCo, Inc.		5,506		529,512
SABMiller PLC		2,007		113,522
			$	1,881,325
Biotechnology — 0.2%
CSL, Ltd.		1,903	$	134,357
			$	134,357
Building Products — 0.1%
Assa Abloy AB		658	$	34,930
			$	34,930
Capital Markets — 0.8%
Credit Suisse Group AG		3,156	$	84,088
Deutsche Bank AG		3,018		94,377
Julius Baer Group, Ltd.		1,076		47,169
Partners Group Holding AG		200		53,222
UBS AG		8,081		140,514
			$	419,370
Chemicals — 1.3%
Akzo Nobel NV		662	$	44,146
Asahi Kasei Corp.		4,000		32,825
BASF SE		1,699		150,124
Linde AG		136		25,100
LyondellBasell Industries NV, Class A		3,224		295,415
Mitsubishi Chemical Holdings Corp.		6,500		32,018
Shin-Etsu Chemical Co., Ltd.		1,300		83,445
Syngenta AG		113		34,946
Toray Industries, Inc.		5,000		33,567
			$	731,586
Commercial Services & Supplies — 0.4%
ADT Corp. (The)		5,937	$	212,782
			$	212,782
Communications Equipment — 1.5%
Cisco Systems, Inc.		18,769	$	459,278
QUALCOMM, Inc.		3,689		289,623
Telefonaktiebolaget LM Ericsson, Class B		6,033		71,288
			$	820,189

2

Security	Shares		Value
Construction & Engineering — 1.3%
Balfour Beatty PLC		2,870	$	7,090
Fluor Corp.		3,109		206,251
Jacobs Engineering Group, Inc.(1)		3,865		183,394
KBR, Inc.		9,773		186,469
Quanta Services, Inc.(1)		3,544		120,780
Skanska AB, Class B		236		4,811
			$	708,795
Consumer Finance — 0.2%
Capital One Financial Corp.		1,358	$	112,402
			$	112,402
Containers & Packaging — 0.1%
Amcor, Ltd.		6,047	$	62,809
			$	62,809
Diversified Financial Services — 0.4%
ING Groep NV(1)		6,968	$	99,784
London Stock Exchange Group PLC		4,002		129,238
			$	229,022
Diversified Telecommunication Services — 5.3%
AT&T, Inc.		17,365	$	604,997
BCE, Inc.		5,672		251,882
Belgacom SA		1,360		51,365
BT Group PLC		15,673		92,398
CenturyLink, Inc.		7,112		295,006
Deutsche Telekom AG		10,631		160,244
Nippon Telegraph & Telephone Corp.		2,500		155,547
Orange SA		3,107		49,465
Singapore Telecommunications, Ltd.		31,000		90,297
Swisscom AG		166		97,860
Telefonica SA		9,846		148,159
Telenor ASA		4,055		91,183
TeliaSonera AB		14,163		98,076
Telstra Corp., Ltd.		18,289		91,009
Verizon Communications, Inc.		12,856		646,014
			$	2,923,502
Electric Utilities — 3.5%
American Electric Power Co., Inc.		889	$	51,864
Chubu Electric Power Co., Inc.(1)		4,900		58,798
CLP Holdings, Ltd.		10,000		86,047
Duke Energy Corp.		2,909		238,974
Edison International		3,963		248,005
Enel SpA		6,220		31,784
Entergy Corp.		1,822		153,084
Exelon Corp.		6,253		228,797
FirstEnergy Corp.		3,989		148,949
Iberdrola SA		11,689		82,746
Kansai Electric Power Co., Inc. (The)(1)		4,400		43,452
NextEra Energy, Inc.		973		97,514
PPL Corp.		2,613		91,429
Southern Co. (The)		3,044		141,120
SSE PLC		3,611		92,554
Xcel Energy, Inc.		3,360		112,459
			$	1,907,576

3

Security	Shares		Value
Electrical Equipment — 0.2%
ABB, Ltd.		2,829	$	62,064
Mitsubishi Electric Corp.		5,000		64,469
Osram Licht AG(1)		192		6,745
			$	133,278
Electronic Equipment, Instruments & Components — 0.3%
Hitachi, Ltd.		13,310	$	104,583
Keyence Corp.		100		48,458
Murata Manufacturing Co., Ltd.		73		8,202
			$	161,243
Energy Equipment & Services — 0.6%
Diamond Offshore Drilling, Inc.		3,363	$	126,819
Ensco PLC, Class A		3,054		123,962
Noble Corp. PLC		4,945		103,449
			$	354,230
Food & Staples Retailing — 5.3%
Costco Wholesale Corp.		2,720	$	362,766
CVS Health Corp.		1,647		141,329
FamilyMart Co., Ltd.		1,200		48,184
J Sainsbury PLC		5,751		22,656
Koninklijke Ahold NV		3,765		63,059
Kroger Co. (The)		2,581		143,788
Lawson, Inc.		1,000		67,837
Seven & i Holdings Co., Ltd.		3,500		136,696
Sysco Corp.		5,022		193,548
Tesco PLC		23,018		63,898
Wal-Mart Stores, Inc.		10,314		786,649
Walgreen Co.		8,144		523,008
Wesfarmers, Ltd.		2,653		103,249
Whole Foods Market, Inc.		2,131		83,812
WM Morrison Supermarkets PLC		30,380		75,430
Woolworths, Ltd.		2,812		89,240
			$	2,905,149
Food Products — 2.3%
Ajinomoto Co., Inc.		3,000	$	56,642
Archer-Daniels-Midland Co.		7,024		330,128
ConAgra Foods, Inc.		3,203		110,023
Nestle SA		5,878		431,058
Toyo Suisan Kaisha, Ltd.		2,000		69,072
Unilever NV		4,367		169,258
Unilever PLC		2,949		118,625
			$	1,284,806
Gas Utilities — 0.4%
Hong Kong & China Gas Co., Ltd.		36,800	$	85,935
Osaka Gas Co., Ltd.		21,000		83,766
Tokyo Gas Co., Ltd.		14,000		80,700
			$	250,401
Health Care Equipment & Supplies — 0.2%
Coloplast A/S, Class B		386	$	33,644
Essilor International SA		323		35,666
Smith and Nephew PLC		3,104		52,692
			$	122,002
Health Care Providers & Services — 0.6%
Cardinal Health, Inc.		4,241	$	332,834
			$	332,834

4

Security	Shares		Value
Hotels, Restaurants & Leisure — 0.7%
Compass Group PLC		2,025	$	32,686
McDonald’s Corp.		3,510		328,992
			$	361,678
Household Products — 2.0%
Henkel AG & Co. KGaA, PFC Shares		373	$	36,915
Procter & Gamble Co. (The)		10,099		881,340
Reckitt Benckiser Group PLC		1,425		120,018
Svenska Cellulosa AB SCA, Class B		2,865		64,195
			$	1,102,468
Independent Power and Renewable Electricity Producers — 0.2%
AES Corp. (The)		3,324	$	46,769
NRG Energy, Inc.		1,601		47,998
			$	94,767
Industrial Conglomerates — 0.7%
Koninklijke Philips NV		3,867	$	108,113
Siemens AG		1,710		192,877
Toshiba Corp.		15,000		66,242
			$	367,232
Insurance — 1.9%
Aflac, Inc.		1,464	$	87,445
AIA Group, Ltd.		10,502		58,606
Allianz SE		639		101,615
Assurant, Inc.		1,396		95,235
Insurance Australia Group, Ltd.		15,952		92,243
Mapfre SA		15,383		52,749
Muenchener Rueckversicherungs-Gesellschaft AG		436		85,843
Sampo Oyj, Class A		413		19,790
Tokio Marine Holdings, Inc.		3,000		96,204
Travelers Companies, Inc. (The)		3,083		310,766
Zurich Insurance Group AG		104		31,473
			$	1,031,969
Internet Software & Services — 0.1%
Yahoo! Japan Corp.		10,367	$	37,348
			$	37,348
IT Services — 1.2%
Accenture PLC, Class A		1,684	$	136,606
International Business Machines Corp.		1,324		217,666
MasterCard, Inc., Class A		908		76,045
Paychex, Inc.		3,372		158,282
Visa, Inc., Class A		324		78,223
			$	666,822
Machinery — 0.8%
Deere & Co.		2,729	$	233,439
FANUC Corp.		400		70,494
Komatsu, Ltd.		1,500		35,414
Mitsubishi Heavy Industries, Ltd.		10,000		62,381
Volvo AB		3,394		39,168
			$	440,896
Marine — 0.1%
A.P. Moller-Maersk A/S, Class B		15	$	35,004
			$	35,004

5

Security	Shares		Value
Media — 0.6%
British Sky Broadcasting Group PLC		3,619	$	51,289
Comcast Corp., Class A		2,610		144,464
Pearson PLC		4,153		77,846
Reed Elsevier PLC		2,531		41,653
			$	315,252
Metals & Mining — 1.2%
Anglo American PLC		1,767	$	37,308
Barrick Gold Corp.		3,271		38,832
BHP Billiton PLC		3,267		84,408
BHP Billiton, Ltd.		5,433		162,538
Centerra Gold, Inc.		711		2,776
Eldorado Gold Corp.		1,948		10,647
Glencore PLC		20,373		104,526
Goldcorp, Inc.		1,969		36,950
Newmont Mining Corp.		1,229		23,056
Pan American Silver Corp.		2,833		26,192
Rio Tinto PLC		1,861		88,549
Rio Tinto, Ltd.		682		36,418
Yamana Gold, Inc.		887		3,534
			$	655,734
Multi-Utilities — 2.3%
AGL Energy, Ltd.		6,406	$	76,792
Ameren Corp.		3,556		150,561
Centrica PLC		18,109		87,828
Consolidated Edison, Inc.		3,287		208,264
DTE Energy Co.		737		60,552
E.ON SE		5,523		95,217
GDF Suez		2,909		70,630
National Grid PLC		6,926		102,782
PG&E Corp.		4,946		248,883
Public Service Enterprise Group, Inc.		2,468		101,953
RWE AG		1,878		66,635
			$	1,270,097
Multiline Retail — 0.3%
Family Dollar Stores, Inc.		1,845	$	144,445
			$	144,445
Oil, Gas & Consumable Fuels — 7.3%
BG Group PLC		8,954	$	149,228
BP PLC		24,540		176,563
Caltex Australia, Ltd.		2,913		80,233
Chesapeake Energy Corp.		3,776		83,752
Chevron Corp.		6,816		817,579
ENI SpA		2,725		58,056
Exxon Mobil Corp.		12,106		1,170,771
INPEX Corp.		6,100		78,022
Marathon Petroleum Corp.		5,032		457,409
Occidental Petroleum Corp.		1,468		130,549
Oil Search, Ltd.		5,001		38,346
Repsol SA		2,245		50,173
Royal Dutch Shell PLC, Class A		4,813		172,007
Royal Dutch Shell PLC, Class B		3,697		136,587
Statoil ASA		6,531		149,465
Total SA		1,530		91,346
TransCanada Corp.		2,627		129,479
Tullow Oil PLC		4,355		33,986
			$	4,003,551

6

Security	Shares		Value
Paper & Forest Products — 0.5%
Domtar Corp.		2,808	$	115,325
Louisiana-Pacific Corp.(1)		10,429		152,263
			$	267,588
Personal Products — 0.1%
Kao Corp.		600	$	23,396
Shiseido Co., Ltd.		2,900		48,123
			$	71,519
Pharmaceuticals — 12.1%
AbbVie, Inc.		3,714	$	235,690
Astellas Pharma, Inc.		9,700		150,549
AstraZeneca PLC		2,872		209,795
Bayer AG		2,832		405,038
Daiichi Sankyo Co., Ltd.		5,000		75,209
Eli Lilly & Co.		12,597		835,559
GlaxoSmithKline PLC		13,262		299,906
Johnson & Johnson		8,029		865,366
Merck & Co., Inc.		12,868		745,572
Merck KGaA		1,136		102,836
Novartis AG		5,230		485,359
Novo Nordisk A/S, Class B		4,613		208,520
Pfizer, Inc.		29,903		895,595
Roche Holding AG PC		1,682		496,360
Sanofi		2,478		224,854
Santen Pharmaceutical Co., Ltd.		1,100		65,655
Shionogi & Co., Ltd.		1,700		44,475
Shire PLC		1,446		97,022
Takeda Pharmaceutical Co., Ltd.		2,600		112,706
Teva Pharmaceutical Industries, Ltd.		2,356		132,990
			$	6,689,056
Real Estate Investment Trusts (REITs) — 0.5%
Goodman Group		15,587	$	76,099
Mirvac Group		52,364		83,076
Scentre Group(1)		7,134		22,757
Stockland		20,805		77,785
Westfield Corp.		6,480		45,535
			$	305,252
Real Estate Management & Development — 0.1%
Mitsui Fudosan Co., Ltd.		1,000	$	32,166
			$	32,166
Road & Rail — 0.4%
Aurizon Holdings, Ltd.		17,599	$	72,996
Central Japan Railway Co.		400		59,659
East Japan Railway Co.		1,000		78,103
			$	210,758
Semiconductors & Semiconductor Equipment — 0.6%
Intel Corp.		9,537	$	324,353
			$	324,353
Software — 3.7%
Microsoft Corp.		22,903	$	1,075,296
Oracle Corp.		15,779		616,170
SAP SE		1,798		122,507
Symantec Corp.		8,549		212,186
			$	2,026,159

7

Security	Shares		Value
Specialty Retail — 0.6%
Dick’s Sporting Goods, Inc.		1,704	$	77,311
Hennes & Mauritz AB, Class B		2,401		95,799
Industria de Diseno Textil SA		2,813		79,138
Staples, Inc.		7,149		90,649
			$	342,897
Technology Hardware, Storage & Peripherals — 2.7%
Apple, Inc.		10,546	$	1,138,968
Canon, Inc.		3,500		107,381
Hewlett-Packard Co.		6,198		222,384
			$	1,468,733
Textiles, Apparel & Luxury Goods — 1.2%
Adidas AG		1,527	$	111,266
Burberry Group PLC		2,284		56,126
Compagnie Financiere Richemont SA, Class A		1,320		111,294
Lululemon Athletica, Inc.(1)		4,436		184,760
LVMH Moet Hennessy Louis Vuitton SA		553		93,869
Michael Kors Holdings, Ltd.(1)		1,036		81,419
Swatch Group, Ltd. (The), Bearer Shares		92		43,641
			$	682,375
Tobacco — 1.1%
British American Tobacco PLC		4,473	$	253,519
Imperial Tobacco Group PLC		4,508		195,836
Japan Tobacco, Inc.		4,000		136,476
			$	585,831
Trading Companies & Distributors — 0.3%
ITOCHU Corp.		1,300	$	15,715
Marubeni Corp.		7,000		45,006
Mitsubishi Corp.		3,400		66,668
Mitsui & Co., Ltd.		1,000		15,099
Sumitomo Corp.		4,900		52,282
			$	194,770
Transportation Infrastructure — 0.0%(2)
Fraport AG		423	$	26,209
			$	26,209
Wireless Telecommunication Services — 1.5%
KDDI Corp.		2,000	$	131,339
NTT DoCoMo, Inc.		7,400		124,808
Rogers Communications Inc., Class B		7,334		275,777
Vodafone Group PLC		82,147		273,176
			$	805,100
Total Common Stocks (identified cost $41,151,393)			$	47,183,507
Exchange-Traded Funds — 2.9%
Security	Shares		Value
Equity Funds — 2.9%
Financial Select Sector SPDR Fund (The)		8,370	$	199,541
iShares MSCI EMU ETF		8,786		328,596
iShares MSCI Japan ETF		29,138		351,404
iShares MSCI Switzerland Capped ETF		6,636		214,807

8

Security	Shares		Value
iShares MSCI United Kingdom ETF		13,654	$	259,563
SPDR S&P 500 ETF Trust		1,200		241,992
Total Exchange-Traded Funds (identified cost $1,541,788)			$	1,595,903
Rights — 0.0%(2)
Security	Shares		Value
Banks — 0.0%(2)
Banco Santander SA, Exp. 11/3/14(1)		20,771	$	3,957
Total Rights (identified cost $4,008)			$	3,957
Short-Term Investments — 3.1%
Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.14%(3)	$	1,720	$	1,719,873
Total Short-Term Investments (identified cost $1,719,873)			$	1,719,873
Total Investments — 91.7% (identified cost $44,417,062)			$	50,503,240
Other Assets, Less Liabilities — 8.3%			$	4,573,755
Net Assets — 100.0%			$	55,076,995

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

PC	-	Participation Certificate
PFC Shares	-	Preference Shares

(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 October 31, 2014. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended October 31, 2014 was $432.

Country Concentration of Portfolio

Country	Percentage of Net Assets			Value
United States		49.2	%	$	27,070,121
United Kingdom		8.4			4,637,628
Japan		7.7			4,247,712
Germany		4.0			2,191,003
Switzerland		3.9			2,119,048
Australia		3.8			2,061,501

9

Country	Percentage of Net Assets			Value
France		1.4	%	$	793,410
Canada		1.4			776,069
Spain		1.4			766,753
Sweden		1.1			628,662
Netherlands		1.0			562,276
Other (less than 1.0% each)		2.4			1,329,324
Common Stocks		85.7	%	$	47,183,507
Exchange-Traded Funds		2.9			1,595,903
Rights		0.0	(1)		3,957
Short-Term Investments		3.1			1,719,873
Total Investments		91.7	%	$	50,503,240

(1) Amount is less than 0.05%.

A summary of open financial instruments at October 31, 2014 is as follows:

Forward Foreign Currency Exchange Contracts

Settlement Date	Deliver	In Exchange For	Counterparty	Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
12/17/14	Australian Dollar 195,110	Japanese Yen 18,128,762	State Street Trust Company Canada	$	—	$	(9,715	)	$	(9,715	)
12/17/14	Australian Dollar 1,096,619	United States Dollar 1,013,023	State Street Trust Company Canada		50,889		—			50,889
12/17/14	Australian Dollar 657,000	United States Dollar 577,843	State Street Trust Company Canada		1,414		—			1,414
12/17/14	Australian Dollar 129,171	United States Dollar 112,045	State Street Trust Company Canada		—		(1,285	)		(1,285	)
12/17/14	British Pound Sterling 1,283,485	United States Dollar 2,070,036	State Street Trust Company Canada		17,549		—			17,549
12/17/14	Canadian Dollar 857,844	United States Dollar 782,943	State Street Trust Company Canada		22,629		—			22,629
12/17/14	Canadian Dollar 1,228,000	United States Dollar 1,101,926	State Street Trust Company Canada		13,539		—			13,539
12/17/14	Danish Krone 693,000	United States Dollar 120,580	State Street Trust Company Canada		3,872		—			3,872
12/17/14	Euro 3,385,606	United States Dollar 4,385,427	State Street Trust Company Canada		141,584		—			141,584
12/17/14	Euro 2,238,000	United States Dollar 2,851,926	State Street Trust Company Canada		46,602		—			46,602
12/17/14	Euro 2,222,000	United States Dollar 2,813,987	State Street Trust Company Canada		28,720		—			28,720
12/17/14	Euro 190,000	United States Dollar 245,180	State Street Trust Company Canada		7,016		—			7,016
12/17/14	Euro 139,925	United States Dollar 177,229	State Street Trust Company Canada		1,834		—			1,834
12/17/14	Japanese Yen 92,390,000	Hong Kong Dollar 6,768,052	State Street Trust Company Canada		49,861		—			49,861
12/17/14	Japanese Yen 85,022,000	Hong Kong Dollar 6,114,799	State Street Trust Company Canada		31,248		—			31,248
12/17/14	Japanese Yen 43,136,000	United States Dollar 400,208	State Street Trust Company Canada		16,007		—			16,007
12/17/14	Japanese Yen 14,153,240	United States Dollar 134,045	State Street Trust Company Canada		7,986		—			7,986

10

Settlement Date	Deliver	In Exchange For	Counterparty	Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
12/17/14	Japanese Yen 121,285,000	United States Dollar 1,078,620	State Street Trust Company Canada	$	—	$	(1,633	)	$	(1,633	)
12/17/14	Swedish Krona 456,277	United States Dollar 64,368	State Street Trust Company Canada		2,571		—			2,571
12/17/14	Swiss Franc 650,273	United States Dollar 698,377	State Street Trust Company Canada		22,260		—			22,260
12/17/14	United States Dollar 428,797	Australian Dollar 495,000	State Street Trust Company Canada		5,499		—			5,499
12/17/14	United States Dollar 573,680	Australian Dollar 660,000	State Street Trust Company Canada		5,380		—			5,380
12/17/14	United States Dollar 1,057,794	Canadian Dollar 1,196,000	State Street Trust Company Canada		2,232		—			2,232
12/17/14	United States Dollar 1,044,330	Canadian Dollar 1,175,000	State Street Trust Company Canada		—		(2,917	)		(2,917	)
12/17/14	United States Dollar 92,160	Danish Krone 538,194	State Street Trust Company Canada		—		(1,523	)		(1,523	)
12/17/14	United States Dollar 2,605,627	Euro 2,079,000	State Street Trust Company Canada		390		—			390
12/17/14	United States Dollar 984,071	Euro 765,101	State Street Trust Company Canada		—		(25,021	)		(25,021	)
12/17/14	United States Dollar 2,729,042	Euro 2,138,000	State Street Trust Company Canada		—		(49,068	)		(49,068	)
12/17/14	United States Dollar 1,010,125	Hong Kong Dollar 7,827,841	State Street Trust Company Canada		—		(709	)		(709	)
12/17/14	United States Dollar 237,023	Japanese Yen 25,948,000	State Street Trust Company Canada		—		(5,911	)		(5,911	)
12/17/14	United States Dollar 236,078	Japanese Yen 25,341,332	State Street Trust Company Canada		—		(10,370	)		(10,370	)
12/17/14	United States Dollar 1,077,183	Japanese Yen 113,764,000	State Street Trust Company Canada		—		(63,918	)		(63,918	)
12/17/14	United States Dollar 208,106	Singapore Dollar 261,495	State Street Trust Company Canada		—		(4,596	)		(4,596	)
12/17/14	United States Dollar 39,322	Swiss Franc 37,628	State Street Trust Company Canada		—		(198	)		(198	)
12/17/14	United States Dollar 202,205	Swiss Franc 193,000	State Street Trust Company Canada		—		(1,534	)		(1,534	)
12/17/14	United States Dollar 107,934	Swiss Franc 101,991	State Street Trust Company Canada		—		(1,889	)		(1,889	)
				$	479,082	$	(180,287	)	$	298,795

Futures Contracts

Expiration Month/Year	Contracts	Position	Aggregate Cost		Value		Net Unrealized Appreciation
12/14	6 Euro Stoxx 50 Index	Long	$	224,828	$	233,972	$	9,144
12/14	9 TOPIX Index	Long		1,034,770		1,098,762		63,992
							$	73,136

11

Euro Stoxx 50 Index: Market capitalization-weighted stock index of 50 large, blue-chip European companies operating within eurozone nations.

TOPIX Index: Market capitalization-weighted stock index of all companies listed on the First Section of the Tokyo Stock Exchange.

At October 31, 2014, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

In the normal course of pursuing its investment objective, the Fund is subject to the following risks:

Equity Price Risk: The Fund enters into equity index futures contracts to enhance return.

Foreign Exchange Risk: The Fund enters into forward foreign currency exchange contracts to enhance return.

The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) by risk exposure at October 31, 2014 was as follows:

		Fair Value
Risk	Derivative	Asset Derivative		Liability Derivative
Equity Price	Financial futures contracts	$	73,136	$	—
Total		$	73,136	$	—
Foreign Exchange	Forward foreign currency exchange contracts	$	479,082	$	(180,287	)
Total		$	479,082	$	(180,287	)

The cost and unrealized appreciation (depreciation) of investments of the Fund at October 31, 2014, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	44,688,891
Gross unrealized appreciation	$	7,056,036
Gross unrealized depreciation		(1,241,687	)
Net unrealized appreciation	$	5,814,349

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

• Level 1 — quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

12

At October 31, 2014, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at value, were as follows:

Asset Description	Level 1		Level 2			Level 3		Total
Common Stocks
Consumer Discretionary	$	1,985,684	$	1,796,792		$	—	$	3,782,476
Consumer Staples		4,874,797		2,956,301			—		7,831,098
Energy		3,143,769		1,214,012			—		4,357,781
Financials		2,580,483		3,973,977			—		6,554,460
Health Care		3,910,616		3,367,633			—		7,278,249
Industrials		1,498,750		1,406,686			—		2,905,436
Information Technology		5,005,080		499,767			—		5,504,847
Materials		704,990		1,012,727			—		1,717,717
Telecommunication Services		2,073,676		1,654,926			—		3,728,602
Utilities		2,377,175		1,145,666			—		3,522,841
Total Common Stocks	$	28,155,020	$	19,028,487	*	$	—	$	47,183,507
Exchange-Traded Funds	$	1,595,903	$	—		$	—	$	1,595,903
Rights		3,957		—			—		3,957
Short-Term Investments		—		1,719,873			—		1,719,873
Total Investments	$	29,754,880	$	20,748,360		$	—	$	50,503,240
Forward Foreign Currency Exchange Contracts	$	—	$	479,082		$	—	$	479,082
Futures Contracts		—		73,136			—		73,136
Total	$	29,754,880	$	21,300,578		$	—	$	51,055,458
Liability Description
Forward Foreign Currency Exchange Contracts	$	—	$	(180,287	)	$	—	$	(180,287	)
Total	$	—	$	(180,287	)	$	—	$	(180,287	)

* 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 Fund held no investments or other financial instruments as of July 31, 2014 whose fair value was determined using Level 3 inputs. At October 31, 2014, the value of investments transferred between Level 1 and Level 2 during the fiscal year to date then ended was not significant.

For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.

13

Eaton Vance

Hexavest International Equity Fund

October 31, 2014

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 84.0%

Security	Shares		Value
Aerospace & Defense — 0.1%
Rolls-Royce Holdings PLC		738	$	9,996
Rolls-Royce Holdings PLC, Class C(1)		66,420		106
			$	10,102
Air Freight & Logistics — 0.6%
Deutsche Post AG		1,218	$	38,354
Toll Holdings, Ltd.		2,818		14,119
			$	52,473
Auto Components — 0.7%
Aisin Seiki Co., Ltd.		200	$	6,662
Bridgestone Corp.		800		26,734
Denso Corp.		300		13,750
Toyota Industries Corp.		200		9,523
			$	56,669
Automobiles — 3.1%
Bayerische Motoren Werke AG		349	$	37,426
Daimler AG		363		28,303
Honda Motor Co., Ltd.		1,000		31,969
Mazda Motor Corp.		200		4,725
Nissan Motor Co., Ltd.		1,700		15,507
Toyota Motor Corp.		1,600		96,284
Volkswagen AG, PFC Shares		180		38,493
			$	252,707
Banks — 11.1%
Australia and New Zealand Banking Group, Ltd.		1,921	$	56,844
Banco Bilbao Vizcaya Argentaria SA		4,408		49,305
Banco Santander SA		9,437		83,381
Bank of Yokohama, Ltd. (The)		1,000		5,779
Barclays PLC		18,643		71,700
BNP Paribas SA		802		50,399
Commonwealth Bank of Australia		1,006		71,536
Credit Agricole SA		891		13,185
HSBC Holdings PLC		12,744		129,930
Lloyds Banking Group PLC(1)		28,692		35,431
Mitsubishi UFJ Financial Group, Inc.		8,500		49,548
Mizuho Financial Group, Inc.		12,300		22,415
National Australia Bank, Ltd.		1,603		49,590
Nordea Bank AB		3,108		39,974
Resona Holdings, Inc.		3,400		19,447
Societe Generale		582		28,047
Standard Chartered PLC		1,327		19,975
Sumitomo Mitsui Financial Group, Inc.		700		28,548
Svenska Handelsbanken AB, Class A		672		32,125
Swedbank AB, Class A		512		13,568
Westpac Banking Corp.		1,216		37,324
			$	908,051
Beverages — 2.7%
Anheuser-Busch InBev NV		541	$	59,994
Asahi Group Holdings, Ltd.		500		15,509
Diageo PLC		1,859		54,826
Heineken NV		440		32,870

1

Security	Shares		Value
Kirin Holdings Co., Ltd.		1,000	$	12,965
SABMiller PLC		829		46,891
			$	223,055
Biotechnology — 0.5%
CSL, Ltd.		545	$	38,479
			$	38,479
Building Products — 0.2%
Assa Abloy AB		246	$	13,059
			$	13,059
Capital Markets — 2.0%
Credit Suisse Group AG		1,360	$	36,236
Deutsche Bank AG		1,266		39,589
Julius Baer Group, Ltd.		384		16,834
Partners Group Holding AG		71		18,894
UBS AG		3,202		55,677
			$	167,230
Chemicals — 1.7%
Akzo Nobel NV		170	$	11,337
Asahi Kasei Corp.		1,000		8,206
BASF SE		616		54,430
Linde AG		56		10,335
Mitsubishi Chemical Holdings Corp.		2,000		9,852
Shin-Etsu Chemical Co., Ltd.		300		19,256
Syngenta AG		32		9,896
Toray Industries, Inc.		2,000		13,427
			$	136,739
Communications Equipment — 0.3%
Telefonaktiebolaget LM Ericsson, Class B		2,186	$	25,831
			$	25,831
Construction & Engineering — 0.0%(2)
Balfour Beatty PLC		1,378	$	3,404
			$	3,404
Containers & Packaging — 0.2%
Amcor, Ltd.		1,890	$	19,631
			$	19,631
Diversified Financial Services — 1.3%
ING Groep NV(1)		3,267	$	46,785
London Stock Exchange Group PLC		1,919		61,971
			$	108,756
Diversified Telecommunication Services — 5.5%
Belgacom SA		461	$	17,411
BT Group PLC		5,918		34,889
Deutsche Telekom AG		4,776		71,990
Nippon Telegraph & Telephone Corp.		800		49,775
Orange SA		1,274		20,283
Singapore Telecommunications, Ltd.		15,000		43,692
Swisscom AG		64		37,729
Telefonica SA		4,609		69,355
Telenor ASA		1,342		30,177
TeliaSonera AB		5,830		40,371
Telstra Corp., Ltd.		6,341		31,554
			$	447,226
Electric Utilities — 1.8%
Chubu Electric Power Co., Inc.(1)		1,000	$	12,000
CLP Holdings, Ltd.		3,500		30,116

2

Security	Shares		Value
Enel SpA		3,288	$	16,801
Iberdrola SA		6,264		44,342
Kansai Electric Power Co., Inc. (The)(1)		1,100		10,863
SSE PLC		1,324		33,936
			$	148,058
Electrical Equipment — 0.4%
ABB, Ltd.		761	$	16,695
Mitsubishi Electric Corp.		1,000		12,894
Osram Licht AG(1)		60		2,108
			$	31,697
Electronic Equipment, Instruments & Components — 0.4%
Hitachi, Ltd.		3,622	$	28,460
Murata Manufacturing Co., Ltd.		9		1,011
			$	29,471
Food & Staples Retailing — 2.6%
FamilyMart Co., Ltd.		400	$	16,061
J Sainsbury PLC		1,460		5,752
Koninklijke Ahold NV		956		16,012
Lawson, Inc.		300		20,351
Seven & i Holdings Co., Ltd.		1,100		42,962
Tesco PLC		8,179		22,705
Wesfarmers, Ltd.		801		31,173
WM Morrison Supermarkets PLC		11,920		29,596
Woolworths, Ltd.		900		28,562
			$	213,174
Food Products — 4.1%
Ajinomoto Co., Inc.		1,000	$	18,881
Nestle SA		2,624		192,429
Unilever NV		2,101		81,431
Unilever PLC		1,035		41,633
			$	334,374
Gas Utilities — 1.0%
Hong Kong & China Gas Co., Ltd.		10,500	$	24,519
Osaka Gas Co., Ltd.		7,000		27,922
Tokyo Gas Co., Ltd.		5,000		28,822
			$	81,263
Health Care Equipment & Supplies — 0.4%
Coloplast A/S, Class B		111	$	9,675
Essilor International SA		107		11,815
Smith and Nephew PLC		750		12,732
			$	34,222
Hotels, Restaurants & Leisure — 0.1%
Compass Group PLC		582	$	9,394
			$	9,394
Household Products — 1.2%
Henkel AG & Co. KGaA, PFC Shares		155	$	15,340
Reckitt Benckiser Group PLC		664		55,924
Svenska Cellulosa AB SCA, Class B		1,131		25,342
			$	96,606
Industrial Conglomerates — 1.5%
Koninklijke Philips NV		1,337	$	37,380
Siemens AG		647		72,977
Toshiba Corp.		3,000		13,248
			$	123,605

3

Security	Shares		Value
Insurance — 2.0%
AIA Group, Ltd.		2,725	$	15,207
Allianz SE		198		31,486
Insurance Australia Group, Ltd.		5,504		31,827
Mapfre SA		3,460		11,864
Muenchener Rueckversicherungs-Gesellschaft AG		147		28,942
Sampo Oyj, Class A		163		7,811
Tokio Marine Holdings, Inc.		700		22,448
Zurich Insurance Group AG		57		17,250
			$	166,835
Internet Software & Services — 0.1%
Yahoo! Japan Corp.		2,830	$	10,195
			$	10,195
Machinery — 0.6%
FANUC Corp.		100	$	17,623
Komatsu, Ltd.		400		9,444
Mitsubishi Heavy Industries, Ltd.		2,000		12,476
Volvo AB		990		11,425
			$	50,968
Media — 0.8%
British Sky Broadcasting Group PLC		1,268	$	17,970
Pearson PLC		2,055		38,520
Reed Elsevier PLC		605		9,957
			$	66,447
Metals & Mining — 2.1%
Anglo American PLC		449	$	9,480
BHP Billiton PLC		1,077		27,826
BHP Billiton, Ltd.		1,604		47,987
Centerra Gold, Inc.		82		320
Glencore PLC		7,564		38,808
Pan American Silver Corp.		594		5,492
Rio Tinto PLC		730		34,734
Rio Tinto, Ltd.		209		11,160
			$	175,807
Multi-Utilities — 2.2%
AGL Energy, Ltd.		2,249	$	26,960
Centrica PLC		6,957		33,741
E.ON SE		2,273		39,187
GDF Suez		471		11,436
National Grid PLC		3,169		47,028
RWE AG		629		22,318
			$	180,670
Oil, Gas & Consumable Fuels — 5.8%
BG Group PLC		3,631	$	60,514
BP PLC		11,255		80,979
Caltex Australia, Ltd.		811		22,338
ENI SpA		853		18,173
INPEX Corp.		1,200		15,349
Oil Search, Ltd.		1,583		12,138
Repsol SA		841		18,795
Royal Dutch Shell PLC, Class A		1,340		47,890
Royal Dutch Shell PLC, Class B		1,935		71,489
Statoil ASA		2,560		58,587
Total SA		993		59,285
Tullow Oil PLC		1,018		7,944
			$	473,481

4

Security	Shares		Value
Personal Products — 0.2%
Kao Corp.		100	$	3,899
Shiseido Co., Ltd.		900		14,935
			$	18,834
Pharmaceuticals — 15.2%
Astellas Pharma, Inc.		3,500	$	54,322
AstraZeneca PLC		1,120		81,814
Bayer AG		1,083		154,893
Daiichi Sankyo Co., Ltd.		1,400		21,059
GlaxoSmithKline PLC		5,854		132,382
Merck KGaA		468		42,365
Novartis AG		2,257		209,456
Novo Nordisk A/S, Class B		1,911		86,382
Roche Holding AG PC		757		223,392
Sanofi		1,269		115,149
Santen Pharmaceutical Co., Ltd.		200		11,937
Shionogi & Co., Ltd.		400		10,465
Shire PLC		458		30,730
Takeda Pharmaceutical Co., Ltd.		900		39,014
Teva Pharmaceutical Industries, Ltd.		554		31,272
			$	1,244,632
Real Estate Investment Trusts (REITs) — 1.2%
Goodman Group		4,837	$	23,615
Mirvac Group		16,326		25,902
Scentre Group(1)		2,870		9,155
Stockland		6,431		24,044
Westfield Corp.		1,995		14,019
			$	96,735
Road & Rail — 0.8%
Aurizon Holdings, Ltd.		5,779	$	23,969
Central Japan Railway Co.		100		14,915
East Japan Railway Co.		300		23,431
			$	62,315
Software — 0.7%
SAP SE		833	$	56,757
			$	56,757
Specialty Retail — 0.7%
Hennes & Mauritz AB, Class B		744	$	29,685
Industria de Diseno Textil SA		930		26,164
			$	55,849
Technology Hardware, Storage & Peripherals — 0.4%
Canon, Inc.		1,000	$	30,680
			$	30,680
Textiles, Apparel & Luxury Goods — 1.7%
Adidas AG		520	$	37,891
Burberry Group PLC		541		13,294
Compagnie Financiere Richemont SA, Class A		498		41,988
LVMH Moet Hennessy Louis Vuitton SA		175		29,705
Swatch Group, Ltd. (The), Bearer Shares		30		14,231
			$	137,109
Tobacco — 2.8%
British American Tobacco PLC		1,723	$	97,655
Imperial Tobacco Group PLC		1,870		81,236
Japan Tobacco, Inc.		1,400		47,767
			$	226,658
Trading Companies & Distributors — 0.7%
ITOCHU Corp.		400	$	4,835

5

Security	Shares		Value
Marubeni Corp.		1,000	$	6,429
Mitsubishi Corp.		1,500		29,413
Mitsui & Co., Ltd.		300		4,530
Sumitomo Corp.		1,300		13,871
			$	59,078
Transportation Infrastructure — 0.1%
Fraport AG		176	$	10,905
			$	10,905
Wireless Telecommunication Services — 2.4%
KDDI Corp.		600	$	39,402
NTT DoCoMo, Inc.		2,400		40,478
Vodafone Group PLC		36,462		121,253
			$	201,133
Total Common Stocks (identified cost $6,498,612)			$	6,890,364
Exchange-Traded Funds — 3.4%
Security	Shares		Value
Equity Funds — 3.4%
iShares MSCI Australia ETF		978	$	24,870
iShares MSCI Germany ETF		1,454		39,592
iShares MSCI Japan ETF		11,910		143,635
iShares MSCI Switzerland Capped ETF		268		8,675
iShares MSCI United Kingdom ETF		3,269		62,144
Total Exchange-Traded Funds (identified cost $273,333)			$	278,916
Rights — 0.0%(2)
Security	Shares		Value
Banks — 0.0%(2)
Banco Santander SA, Exp. 11/3/14(1)		8,072	$	1,538
Total Rights (identified cost $1,558)			$	1,538
Short-Term Investments — 6.2%
Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.14%(3)	$	507	$	507,496
Total Short-Term Investments (identified cost $507,496)			$	507,496
Total Investments — 93.6% (identified cost $7,280,999)			$	7,678,314
Other Assets, Less Liabilities — 6.4%			$	522,234
Net Assets — 100.0%			$	8,200,548

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

PC	-	Participation Certificate
PFC Shares	-	Preference Shares

6

(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 October 31, 2014. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended October 31, 2014 was $226.

Country Concentration of Portfolio

Country	Percentage of Net Assets			Value
United Kingdom		21.5	%	$	1,766,035
Japan		14.5			1,192,273
Switzerland		10.9			890,707
Germany		10.2			834,089
Australia		7.9			651,926
France		4.1			339,304
Spain		3.7			303,206
Sweden		2.8			231,380
Netherlands		2.8			225,815
Denmark		1.2			96,057
Norway		1.1			88,764
Other (less than 1.0% each)		3.3			270,808
Common Stocks		84.0	%	$	6,890,364
Exchange-Traded Funds		3.4			278,916
Rights		0.0	(1)		1,538
Short-Term Investments		6.2			507,496
Total Investments		93.6	%	$	7,678,314

(1) Amount is less than 0.05%.

A summary of open financial instruments at October 31, 2014 is as follows:

Forward Foreign Currency Exchange Contracts

Settlement Date	Deliver	In Exchange For	Counterparty	Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
12/17/14	Australian Dollar 286,600	Hong Kong Dollar 1,954,746	State Street Trust Company Canada	$	616	$	—		$	616
12/17/14	Australian Dollar 60,404	Japanese Yen 5,612,473	State Street Trust Company Canada		—		(3,007	)		(3,007	)
12/17/14	Australian Dollar 470,842	United States Dollar 434,950	State Street Trust Company Canada		21,850		—			21,850
12/17/14	Australian Dollar 10,000	United States Dollar 9,079	State Street Trust Company Canada		306		—			306
12/17/14	Australian Dollar 11,975	United States Dollar 10,479	State Street Trust Company Canada		—		(27	)		(27	)
12/17/14	Australian Dollar 42,572	United States Dollar 36,928	State Street Trust Company Canada		—		(424	)		(424	)
12/17/14	British Pound Sterling 237,639	United States Dollar 383,269	State Street Trust Company Canada		3,249		—			3,249
12/17/14	Canadian Dollar 14,559	United States Dollar 13,288	State Street Trust Company Canada		384		—			384
12/17/14	Danish Krone 60,032	United States Dollar 10,445	State Street Trust Company Canada		335		—			335
12/17/14	Euro 26,500	Swedish Krona 241,426	State Street Trust Company Canada		—		(519	)		(519	)
12/17/14	Euro 306,400	United States Dollar 390,451	State Street Trust Company Canada		6,380		—			6,380
12/17/14	Euro 300,500	United States Dollar 380,560	State Street Trust Company Canada		3,884		—			3,884

7

Settlement Date	Deliver	In Exchange For	Counterparty	Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
12/17/14	Euro 50,400	United States Dollar 64,894	State Street Trust Company Canada	$	1,718	$	—		$	1,718
12/17/14	Euro 35,873	United States Dollar 46,467	State Street Trust Company Canada		1,500		—			1,500
12/17/14	Euro 51,784	United States Dollar 65,590	State Street Trust Company Canada		679		—			679
12/17/14	Euro 24,800	United States Dollar 31,412	State Street Trust Company Canada		325		—			325
12/17/14	Euro 5,640	United States Dollar 7,181	State Street Trust Company Canada		111		—			111
12/17/14	Hong Kong Dollar 2,077,691	Australian Dollar 308,200	State Street Trust Company Canada		2,481		—			2,481
12/17/14	Hong Kong Dollar 190,224	British Pound Sterling 15,200	State Street Trust Company Canada		—		(223	)		(223	)
12/17/14	Hong Kong Dollar 3,012,780	Euro 309,800	State Street Trust Company Canada		—		(171	)		(171	)
12/17/14	Israeli Shekel 45,310	United States Dollar 12,613	State Street Trust Company Canada		688		—			688
12/17/14	Japanese Yen 14,901,200	Hong Kong Dollar 1,091,591	State Street Trust Company Canada		8,042		—			8,042
12/17/14	Japanese Yen 13,890,600	Hong Kong Dollar 999,015	State Street Trust Company Canada		5,105		—			5,105
12/17/14	Japanese Yen 7,011,200	United States Dollar 65,049	State Street Trust Company Canada		2,602		—			2,602
12/17/14	Japanese Yen 7,420,462	United States Dollar 68,125	State Street Trust Company Canada		2,033		—			2,033
12/17/14	Japanese Yen 2,500,000	United States Dollar 23,458	State Street Trust Company Canada		1,191		—			1,191
12/17/14	Japanese Yen 16,057,100	United States Dollar 142,800	State Street Trust Company Canada		—		(216	)		(216	)
12/17/14	Norwegian Krone 228,200	United States Dollar 36,004	State Street Trust Company Canada		2,221		—			2,221
12/17/14	Singapore Dollar 41,600	United States Dollar 32,664	State Street Trust Company Canada		289		—			289
12/17/14	Swiss Franc 177,172	United States Dollar 190,279	State Street Trust Company Canada		6,065		—			6,065
12/17/14	United States Dollar 255,199	Australian Dollar 294,600	State Street Trust Company Canada		3,273		—			3,273
12/17/14	United States Dollar 35,165	Danish Krone 205,354	State Street Trust Company Canada		—		(581	)		(581	)
12/17/14	United States Dollar 380,126	Euro 297,800	State Street Trust Company Canada		—		(6,835	)		(6,835	)
12/17/14	United States Dollar 825,574	Hong Kong Dollar 6,397,681	State Street Trust Company Canada		—		(580	)		(580	)
12/17/14	United States Dollar 73,212	Japanese Yen 8,014,900	State Street Trust Company Canada		—		(1,826	)		(1,826	)
12/17/14	United States Dollar 67,128	Japanese Yen 7,205,729	State Street Trust Company Canada		—		(2,949	)		(2,949	)
12/17/14	United States Dollar 176,677	Japanese Yen 18,659,300	State Street Trust Company Canada		—		(10,484	)		(10,484	)
12/17/14	United States Dollar 372,435	Japanese Yen 39,323,890	State Street Trust Company Canada		—		(22,187	)		(22,187	)
12/17/14	United States Dollar 74,674	Singapore Dollar 93,831	State Street Trust Company Canada		—		(1,649	)		(1,649	)
12/17/14	United States Dollar 21,775	Swiss Franc 20,808	State Street Trust Company Canada		—		(140	)		(140	)
12/17/14	United States Dollar 34,783	Swiss Franc 32,868	State Street Trust Company Canada		—		(609	)		(609	)
				$	75,327	$	(52,427	)	$	22,900

8

Futures Contracts

Expiration Month/Year	Contracts	Position	Aggregate Cost		Value		Net Unrealized Appreciation
Equity Futures
12/14	3 Nikkei 225 Index	Long	$	208,470	$	233,631	$	25,161
12/14	1 TOPIX Index	Long		114,974		122,084		7,110
							$	32,271

Nikkei 225 Index: Price-weighted average of 225 top-rated Japanese companies listed in the First Section of the Tokyo Stock Exchange.

TOPIX Index: Market capitalization-weighted stock index of all companies listed on the First Section of the Tokyo Stock Exchange.

At October 31, 2014, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

In the normal course of pursuing its investment objective, the Fund is subject to the following risks:

Equity Price Risk: The Fund enters into equity index futures contracts to enhance return.

Foreign Exchange Risk: The Fund enters into forward foreign currency exchange contracts to enhance return.

The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) by risk exposure at October 31, 2014 was as follows:

		Fair Value
Risk	Derivative	Asset Derivative		Liability Derivative
Equity Price	Financial futures contracts	$	32,271	$	—
Total		$	32,271	$	—
Foreign Exchange	Forward foreign currency exchange contracts	$	75,327	$	(52,427	)
Total		$	75,327	$	(52,427	)

The cost and unrealized appreciation (depreciation) of investments of the Fund at October 31, 2014, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	7,326,545
Gross unrealized appreciation	$	638,804
Gross unrealized depreciation		(287,035	)
Net unrealized appreciation	$	351,769

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

• Level 1 — quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

9

At October 31, 2014, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at value, were as follows:

Asset Description	Level 1		Level 2			Level 3		Total
Common Stocks
Consumer Discretionary	$	—	$	578,175		$	—	$	578,175
Consumer Staples		—		1,112,701			—		1,112,701
Energy		—		473,481			—		473,481
Financials		—		1,447,607			—		1,447,607
Health Care		—		1,317,333			—		1,317,333
Industrials		—		417,606			—		417,606
Information Technology		—		152,934			—		152,934
Materials		5,812		326,365			—		332,177
Telecommunication Services		—		648,359			—		648,359
Utilities		—		409,991			—		409,991
Total Common Stocks	$	5,812	$	6,884,552	*	$	—	$	6,890,364
Exchange-Traded Funds	$	278,916	$	—		$	—	$	278,916
Rights		1,538		—			—		1,538
Short-Term Investments		—		507,496			—		507,496
Total Investments	$	286,266	$	7,392,048		$	—	$	7,678,314
Forward Foreign Currency Exchange Contracts	$	—	$	75,327		$	—	$	75,327
Futures Contracts		—		32,271			—		32,271
Total	$	286,266	$	7,499,646		$	—	$	7,785,912
Liability Description
Forward Foreign Currency Exchange Contracts	$	—	$	(52,427	)	$	—	$	(52,427	)
Total	$	—	$	(52,427	)	$	—	$	(52,427	)

* 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 Fund held no investments or other financial instruments as of July 31, 2014 whose fair value was determined using Level 3 inputs. At October 31, 2014, the value of investments transferred between Level 1 and Level 2 during the fiscal year to date then ended was not significant.

For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.

10

Eaton Vance

Hexavest U.S. Equity Fund

October 31, 2014

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 92.4%

Security	Shares		Value
Aerospace & Defense — 1.1%
Lockheed Martin Corp.		75	$	14,293
Northrop Grumman Corp.		69		9,519
			$	23,812
Auto Components — 1.1%
Cooper Tire & Rubber Co.		776	$	24,995
			$	24,995
Automobiles — 2.2%
Ford Motor Co.		1,771	$	24,953
General Motors Co.		737		23,142
			$	48,095
Banks — 5.9%
Bank of America Corp.		450	$	7,722
Citigroup, Inc.		474		25,373
JPMorgan Chase & Co.		548		33,143
PNC Financial Services Group, Inc. (The)		120		10,367
U.S. Bancorp		574		24,452
Wells Fargo & Co.		518		27,501
			$	128,558
Beverages — 4.4%
Coca-Cola Co. (The)		1,352	$	56,622
PepsiCo, Inc.		422		40,584
			$	97,206
Chemicals — 1.1%
LyondellBasell Industries NV, Class A		254	$	23,274
			$	23,274
Commercial Services & Supplies — 0.7%
ADT Corp. (The)		406	$	14,551
			$	14,551
Communications Equipment — 2.3%
Cisco Systems, Inc.		1,213	$	29,682
QUALCOMM, Inc.		276		21,669
			$	51,351
Construction & Engineering — 2.2%
Fluor Corp.		237	$	15,722
Jacobs Engineering Group, Inc.(1)		260		12,337
KBR, Inc.		649		12,383
Quanta Services, Inc.(1)		223		7,600
			$	48,042
Consumer Finance — 0.3%
Capital One Financial Corp.		76	$	6,291
			$	6,291
Diversified Telecommunication Services — 5.5%
AT&T, Inc.		1,236	$	43,062
BCE, Inc.		434		19,273

1

Security	Shares		Value
CenturyLink, Inc.		536	$	22,234
Verizon Communications, Inc.		697		35,024
			$	119,593
Electric Utilities — 5.2%
American Electric Power Co., Inc.		67	$	3,909
Duke Energy Corp.		207		17,005
Edison International		241		15,082
Entergy Corp.		125		10,502
Exelon Corp.		725		26,528
FirstEnergy Corp.		297		11,090
NextEra Energy, Inc.		41		4,109
PPL Corp.		181		6,333
Southern Co. (The)		227		10,524
Xcel Energy, Inc.		232		7,765
			$	112,847
Energy Equipment & Services — 1.0%
Diamond Offshore Drilling, Inc.		211	$	7,957
Ensco PLC, Class A		192		7,793
Noble Corp. PLC		311		6,506
			$	22,256
Food & Staples Retailing — 7.1%
Costco Wholesale Corp.		194	$	25,874
CVS Health Corp.		56		4,805
Kroger Co. (The)		193		10,752
Sysco Corp.		358		13,797
Wal-Mart Stores, Inc.		950		72,457
Walgreen Co.		344		22,092
Whole Foods Market, Inc.		159		6,253
			$	156,030
Food Products — 1.4%
Archer-Daniels-Midland Co.		486	$	22,842
ConAgra Foods, Inc.		200		6,870
			$	29,712
Health Care Providers & Services — 1.0%
Cardinal Health, Inc.		282	$	22,131
			$	22,131
Hotels, Restaurants & Leisure — 1.0%
McDonald’s Corp.		241	$	22,589
			$	22,589
Household Products — 3.0%
Procter & Gamble Co. (The)		748	$	65,278
			$	65,278
Independent Power and Renewable Electricity Producers — 0.3%
AES Corp. (The)		141	$	1,984
NRG Energy, Inc.		119		3,567
			$	5,551
Insurance — 1.2%
Aflac, Inc.		74	$	4,420
Assurant, Inc.		62		4,230
Travelers Companies, Inc. (The)		180		18,144
			$	26,794
IT Services — 2.2%
Accenture PLC, Class A		124	$	10,059
International Business Machines Corp.		88		14,467

2

Security	Shares		Value
MasterCard, Inc., Class A		68	$	5,695
Paychex, Inc.		240		11,266
Visa, Inc., Class A		24		5,794
			$	47,281
Machinery — 1.0%
Deere & Co.		269	$	23,010
			$	23,010
Media — 0.4%
Comcast Corp., Class A		179	$	9,908
			$	9,908
Metals & Mining — 0.1%
Newmont Mining Corp.		87	$	1,632
			$	1,632
Multi-Utilities — 2.4%
Ameren Corp.		258	$	10,924
Consolidated Edison, Inc.		218		13,812
DTE Energy Co.		29		2,383
PG&E Corp.		325		16,354
Public Service Enterprise Group, Inc.		230		9,501
			$	52,974
Multiline Retail — 0.6%
Family Dollar Stores, Inc.		157	$	12,292
			$	12,292
Oil, Gas & Consumable Fuels — 9.9%
Chesapeake Energy Corp.		282	$	6,255
Chevron Corp.		467		56,017
Exxon Mobil Corp.		978		94,582
Marathon Petroleum Corp.		416		37,815
Occidental Petroleum Corp.		123		10,938
TransCanada Corp.		223		10,991
			$	216,598
Paper & Forest Products — 0.8%
Domtar Corp.		182	$	7,475
Louisiana-Pacific Corp.(1)		720		10,512
			$	17,987
Pharmaceuticals — 12.2%
AbbVie, Inc.		263	$	16,690
Eli Lilly & Co.		915		60,692
Johnson & Johnson		653		70,380
Merck & Co., Inc.		887		51,393
Pfizer, Inc.		2,252		67,447
			$	266,602
Semiconductors & Semiconductor Equipment — 1.0%
Intel Corp.		631	$	21,460
			$	21,460
Software — 6.9%
Microsoft Corp.		1,885	$	88,501
Oracle Corp.		1,267		49,476
Symantec Corp.		535		13,279
			$	151,256
Specialty Retail — 0.5%
Dick’s Sporting Goods, Inc.		89	$	4,038
Staples, Inc.		535		6,784
			$	10,822

3

Security	Shares		Value
Technology Hardware, Storage & Peripherals — 4.4%
Apple, Inc.		749	$	80,892
Hewlett-Packard Co.		450		16,146
			$	97,038
Textiles, Apparel & Luxury Goods — 0.9%
Lululemon Athletica, Inc.(1)		319	$	13,286
Michael Kors Holdings, Ltd.(1)		77		6,052
			$	19,338
Wireless Telecommunication Services — 1.1%
Rogers Communications Inc., Class B		638	$	23,990
			$	23,990
Total Common Stocks (identified cost $1,720,159)			$	2,021,144
Exchange-Traded Funds — 2.1%
Security	Shares		Value
Equity Funds — 2.1%
Financial Select Sector SPDR Fund (The)		1,901	$	45,320
Total Exchange-Traded Funds (identified cost $38,863)			$	45,320
Short-Term Investments — 4.8%
Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.14%(2)	$	105	$	104,578
Total Short-Term Investments (identified cost $104,578)			$	104,578
Total Investments — 99.3% (identified cost $1,863,600)			$	2,171,042
Other Assets, Less Liabilities — 0.7%			$	15,177
Net Assets — 100.0%			$	2,186,219

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

(1) Non-income producing security.

(2) Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of October 31, 2014. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended October 31, 2014 was $34.

A summary of open financial instruments at October 31, 2014 is as follows:

Forward Foreign Currency Exchange Contracts

Settlement Date	Deliver	In Exchange For	Counterparty	Unrealized Appreciation		Unrealized (Depreciation)		Net  Unrealized Appreciation
12/17/14	Canadian Dollar 63,085	United States Dollar 57,577	State Street Trust Company Canada	$	1,664	$	—	$	1,664
				$	1,664	$	—	$	1,664

4

At October 31, 2014, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

The Fund is subject to foreign exchange risk in the normal course of pursuing its investment objectve. The Fund enters into forward foreign currency exchange contracts to hedge its exposure to foreign currencies.

At October 31, 2014, the aggregate fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in an asset position and whose primary underlying risk exposure is foreign exchange risk was $1,664.

The cost and unrealized appreciation (depreciation) of investments of the Fund at October 31, 2014, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	1,865,837
Gross unrealized appreciation	$	334,252
Gross unrealized depreciation		(29,047	)
Net unrealized appreciation	$	305,205

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

• Level 1 — quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At October 31, 2014, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at value, were as follows:

Asset Description	Level 1		Level 2		Level 3		Total
Common Stocks	$	2,021,144	$	—	$	—	$	2,021,144
Exchange-Traded Funds		45,320		—		—		45,320
Short-Term Investments		—		104,578		—		104,578
Total Investments	$	2,066,464	$	104,578	$	—	$	2,171,042
Forward Foreign Currency Exchange Contracts	$	—	$	1,664	$	—	$	1,664
Total	$	2,066,464	$	106,242	$	—	$	2,172,706

The Fund held no investments or other financial instruments as of July 31, 2014 whose fair value was determined using Level 3 inputs. At October 31, 2014, there were no investments transferred between Level 1 and Level 2 during the fiscal year to date then ended.

For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.

5

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/ Payson F. Swaffield
	Payson F. Swaffield
	President
Date:	December 22, 2014

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/ Payson F. Swaffield
	Payson F. Swaffield
	President
Date:	December 22, 2014
By:	/s/ James F. Kirchner
	James F. Kirchner
	Treasurer
Date:	December 22, 2014