UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-01241

Investment Company Act File Number

Eaton Vance Growth Trust

(Exact Name of Registrant as Specified in Charter)

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

(617) 482-8260

(Registrant’s Telephone Number, Including Area Code)

August 31

Date of Fiscal Year End

May 31, 2015

Date of Reporting Period

Item 1. Schedule of Investments

Eaton Vance

Greater China Growth Fund

May 31, 2015

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 97.9%

Security	Shares		Value
China — 56.6%
Auto Components — 1.9%
Nexteer Automotive Group, Ltd.		2,185,000	$	2,542,531
			$	2,542,531
Banks — 12.4%
China Construction Bank Corp., Class H		8,438,110	$	8,402,972
Industrial & Commercial Bank of China, Ltd., Class H		9,337,000		8,085,406
			$	16,488,378
Capital Markets — 1.6%
CITIC Securities Co., Ltd., Class H		487,000	$	2,064,740
			$	2,064,740
Commercial Services & Supplies — 2.1%
China Everbright International, Ltd.		1,481,000	$	2,818,025
			$	2,818,025
Electrical Equipment — 1.7%
Zhuzhou CSR Times Electric Co., Ltd., Class H		270,500	$	2,208,742
			$	2,208,742
Electronic Equipment, Instruments & Components — 1.8%
AAC Technologies Holdings, Inc.		120,500	$	672,648
PAX Global Technology, Ltd.(1)		956,000		1,722,849
			$	2,395,497
Food Products — 2.8%
China Mengniu Dairy Co., Ltd.		392,000	$	2,231,593
Want Want China Holdings, Ltd.		1,292,000		1,456,297
			$	3,687,890
Gas Utilities — 0.4%
China Resources Gas Group, Ltd.		176,000	$	543,615
			$	543,615
Health Care Providers & Services — 0.3%
iKang Healthcare Group, Inc. ADR(1)		21,083	$	436,418
			$	436,418
Household Durables — 0.8%
Haier Electronics Group Co., Ltd.		343,000	$	1,034,750
			$	1,034,750
Insurance — 7.2%
China Pacific Insurance (Group) Co., Ltd., Class H		603,800	$	3,098,224
Ping An Insurance (Group) Co. of China, Ltd., Class H		440,000		6,447,268
			$	9,545,492
Internet & Catalog Retail — 0.4%
Vipshop Holdings, Ltd. ADR(1)		23,159	$	578,280
			$	578,280

1

Security	Shares		Value
Internet Software & Services — 7.2%
Baidu, Inc. ADR(1)		4,416	$	871,718
Tencent Holdings, Ltd.		433,300		8,663,463
			$	9,535,181
Oil, Gas & Consumable Fuels — 2.5%
China Petroleum & Chemical Corp., Class H		3,742,000	$	3,282,893
			$	3,282,893
Pharmaceuticals — 2.1%
Luye Pharma Group, Ltd.(1)		537,500	$	569,018
Sino Biopharmaceutical, Ltd.		1,816,000		2,143,876
			$	2,712,894
Real Estate Management & Development — 3.8%
China Overseas Land & Investment, Ltd.		936,000	$	3,364,818
China Vanke Co., Ltd., Class H(1)		661,133		1,736,623
			$	5,101,441
Software — 0.7%
Aisino Co., Ltd., Class A		60,900	$	930,382
			$	930,382
Technology Hardware, Storage & Peripherals — 1.9%
Lenovo Group, Ltd.		1,606,000	$	2,552,151
			$	2,552,151
Textiles, Apparel & Luxury Goods — 0.8%
ANTA Sports Products, Ltd.		437,000	$	1,011,310
			$	1,011,310
Wireless Telecommunication Services — 4.2%
China Mobile, Ltd.		424,000	$	5,595,238
			$	5,595,238
Total China (identified cost $50,958,415)			$	75,065,848
Hong Kong — 18.2%
Diversified Financial Services — 2.8%
Hong Kong Exchanges and Clearing, Ltd.		96,700	$	3,705,520
			$	3,705,520
Hotels, Restaurants & Leisure — 1.6%
Sands China, Ltd.		507,600	$	1,957,894
SJM Holdings, Ltd.		151,000		192,481
			$	2,150,375
Household Durables — 1.9%
Techtronic Industries Co., Ltd.		715,000	$	2,457,967
			$	2,457,967
Industrial Conglomerates — 3.2%
CK Hutchison Holdings, Ltd.		99,000	$	1,538,514
Hutchison Whampoa, Ltd.		184,000		2,729,037
			$	4,267,551
Insurance — 5.7%
AIA Group, Ltd.		1,153,600	$	7,558,012
			$	7,558,012

2

Security	Shares		Value
Real Estate Investment Trusts (REITs) — 1.5%
Link REIT (The)		351,000	$	2,041,385
			$	2,041,385
Real Estate Management & Development — 1.5%
Cheung Kong Property Holdings, Ltd.(1)		125,000	$	759,320
Hongkong Land Holdings, Ltd.		145,200		1,249,658
			$	2,008,978
Total Hong Kong (identified cost $16,329,648)			$	24,189,788
Luxembourg — 1.6%
Textiles, Apparel & Luxury Goods — 1.6%
Samsonite International SA		574,200	$	2,087,196
			$	2,087,196
Total Luxembourg (identified cost $1,481,276)			$	2,087,196
Taiwan — 21.5%
Banks — 2.5%
CTBC Financial Holding Co., Ltd.		4,405,199	$	3,339,487
			$	3,339,487
Electronic Equipment, Instruments & Components — 5.3%
Delta Electronics, Inc.		284,000	$	1,619,462
Hon Hai Precision Industry Co., Ltd.		850,200		2,740,268
Largan Precision Co., Ltd.		24,000		2,662,568
			$	7,022,298
Food & Staples Retailing — 1.2%
President Chain Store Corp.		228,000	$	1,644,857
			$	1,644,857
Health Care Equipment & Supplies — 0.1%
St. Shine Optical Co., Ltd.		12,000	$	211,671
			$	211,671
Insurance — 2.8%
Cathay Financial Holding Co., Ltd.		2,078,929	$	3,705,679
			$	3,705,679
Multiline Retail — 0.7%
Poya International Co., Ltd.		70,000	$	882,166
			$	882,166
Semiconductors & Semiconductor Equipment — 7.6%
MediaTek, Inc.		155,000	$	2,085,322
Taiwan Semiconductor Manufacturing Co., Ltd.		1,672,839		7,957,757
			$	10,043,079

3

Security	Shares		Value
Technology Hardware, Storage & Peripherals — 1.3%
Adlink Technology, Inc.		471,000	$	1,683,961
			$	1,683,961
Total Taiwan (identified cost $19,160,112)			$	28,533,198
Total Common Stocks (identified cost $87,929,451)			$	129,876,030
Short-Term Investments — 0.5%
Description	Principal Amount (000’s omitted)		Value
State Street Bank and Trust Euro Time Deposit, 0.01%, 6/1/15	$	675	$	674,739
Total Short-Term Investments (identified cost $674,739)			$	674,739
Total Investments — 98.4% (identified cost $88,604,190)			$	130,550,769
Other Assets, Less Liabilities — 1.6%			$	2,154,327
Net Assets — 100.0%			$	132,705,096

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

ADR - American Depositary Receipt

(1) Non-income producing security.

The Fund did not have any open financial instruments at May 31, 2015.

The cost and unrealized appreciation (depreciation) of investments of the Fund at May 31, 2015, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	88,604,190
Gross unrealized appreciation	$	42,465,498
Gross unrealized depreciation		(518,919	)
Net unrealized appreciation	$	41,946,579

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.

4

At May 31, 2015, the hierarchy of inputs used in valuing the Fund’s investments, which are carried at value, were as follows:

Asset Description	Level 1		Level 2			Level 3		Total
Common Stocks
Consumer Discretionary	$	578,280	$	12,166,295		$	—	$	12,744,575
Consumer Staples		—		5,332,747			—		5,332,747
Energy		—		3,282,893			—		3,282,893
Financials		759,320		54,799,792			—		55,559,112
Health Care		436,418		2,924,565			—		3,360,983
Industrials		—		9,294,318			—		9,294,318
Information Technology		871,718		33,290,831			—		34,162,549
Telecommunication Services		—		5,595,238			—		5,595,238
Utilities		—		543,615			—		543,615
Total Common Stocks	$	2,645,736	$	127,230,294	*	$	—	$	129,876,030
Short-Term Investments	$	—	$	674,739		$	—	$	674,739
Total Investments	$	2,645,736	$	127,905,033		$	—	$	130,550,769

* 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 August 31, 2014 whose fair value was determined using Level 3 inputs. At May 31, 2015, investments having a value of $3,489,424 at August 31, 2014 were transferred from Level 1 to Level 2 during the fiscal year to date then ended. The change in level designation within the fair value hierarchy was due to an increase in the coverage of foreign equity securities provided by the Fund’s fair valuation pricing service.

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

Eaton Vance

Worldwide Health Sciences Fund

May 31, 2015 (Unaudited)

Eaton Vance Worldwide Health Sciences Fund (the Fund), a diversified series of Eaton Vance Growth Trust, invests substantially all of its assets in Worldwide Health Sciences Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At May 31, 2015, the value of the Fund’s investment in the Portfolio was $1,839,713,082 and the Fund owned 99.8% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.

Worldwide Health Sciences Portfolio

May 31, 2015

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 99.5%

Security	Shares		Value
Biotechnology — 34.0%
Actelion, Ltd.		348,000	$	48,680,432
Alexion Pharmaceuticals, Inc.(1)		223,000		36,536,320
Amgen, Inc.		396,000		61,878,960
Biogen, Inc.(1)		156,000		61,930,440
Celgene Corp.(1)		355,000		40,626,200
Dyax Corp.(1)		300,200		7,907,268
Exact Sciences Corp.(1)		400,000		10,804,000
Forward Pharma A/S ADR(1)		162,600		5,502,384
Galapagos NV ADR(1)		279,800		15,929,014
Gilead Sciences, Inc.(1)		327,100		36,723,517
Incyte Corp.(1)		431,500		47,529,725
Infinity Pharmaceuticals, Inc.(1)		678,000		8,786,880
Ironwood Pharmaceuticals, Inc.(1)		1,900,000		26,809,000
Medivation, Inc.(1)		299,000		39,482,950
Neurocrine Biosciences, Inc.(1)		580,700		25,469,502
Ophthotech Corp.(1)		331,000		16,556,620
Portola Pharmaceuticals, Inc.(1)		475,700		19,893,774
Puma Biotechnology, Inc.(1)		52,000		10,163,400
Receptos, Inc.(1)		57,000		9,398,730
Regeneron Pharmaceuticals, Inc.(1)		186,000		95,336,160
			$	625,945,276
Health Care Distributors — 0.8%
McKesson Corp.		62,000	$	14,708,260
			$	14,708,260
Health Care Equipment — 13.3%
Boston Scientific Corp.(1)		3,450,000	$	63,031,500
Insulet Corp.(1)		529,800		14,977,446
Intuitive Surgical, Inc.(1)		92,000		44,873,000
NuVasive, Inc.(1)		806,000		40,743,300
Smith and Nephew PLC		978,000		17,355,517
Tornier NV(1)		1,000,000		26,580,000
Wright Medical Group, Inc.(1)		830,000		22,742,000
Zimmer Holdings, Inc.		137,000		15,630,330
			$	245,933,093
Health Care Facilities — 4.2%
HCA Holdings, Inc.(1)		942,000	$	77,083,860
			$	77,083,860
Health Care Services — 1.3%
Express Scripts Holding Co.(1)		273,000	$	23,789,220
			$	23,789,220
Health Care Supplies — 2.9%
Cooper Cos., Inc. (The)		205,000	$	37,262,850
Shandong Weigao Group Medical Polymer Co., Ltd., Class H		18,912,900		16,668,091
			$	53,930,941
Life Sciences Tools & Services — 4.8%
Agilent Technologies, Inc.		439,000	$	18,082,410

1

Security	Shares		Value
Fluidigm Corp.(1)		653,000	$	15,436,920
Illumina, Inc.(1)		180,000		37,094,400
Thermo Fisher Scientific, Inc.		141,000		18,277,830
			$	88,891,560
Managed Health Care — 4.2%
Health Net, Inc.(1)		640,000	$	39,833,600
Molina Healthcare, Inc.(1)		520,000		37,824,800
			$	77,658,400
Pharmaceuticals — 34.0%
AbbVie, Inc.		1,225,000	$	81,572,750
Actavis PLC(1)		231,025		70,880,780
Astellas Pharma, Inc.		1,772,000		25,718,318
Bristol-Myers Squibb Co.		1,554,000		100,388,400
Celltrion, Inc.(1)		65,000		4,032,016
Chugai Pharmaceutical Co., Ltd.		1,050,000		31,276,544
Impax Laboratories, Inc.(1)		773,500		36,362,235
Nichi-Iko Pharmaceutical Co., Ltd.		485,000		11,190,077
Novartis AG		830,000		85,184,145
Ono Pharmaceutical Co., Ltd.		405,400		44,266,195
Roche Holding AG PC		105,000		32,011,476
Santen Pharmaceutical Co., Ltd.		1,250,000		17,311,883
Sawai Pharmaceutical Co., Ltd.		261,000		15,008,157
Shire PLC ADR		230,000		59,834,500
Towa Pharmaceutical Co., Ltd.		210,000		11,533,394
			$	626,570,870
Total Common Stocks — 99.5% (identified cost $1,256,525,288)			$	1,834,511,480
Short-Term Investments — 0.1%
Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.18%(2)	$	1,542	$	1,542,211
Total Short-Term Investments (identified cost $1,542,211)			$	1,542,211
Total Investments — 99.6% (identified cost $1,258,067,499)			$	1,836,053,691
Other Assets, Less Liabilities — 0.4%			$	6,940,504
Net Assets — 100.0%			$	1,842,994,195

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

ADR	-	American Depositary Receipt
PC	-	Participation Certificate

(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 May 31, 2015. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended May 31, 2015 was $28,157.

2

Country Concentration of Portfolio

Country	Percentage of Net Assets			Value
United States		74.2	%	$	1,367,971,548
Switzerland		9.0			165,876,053
Japan		8.5			156,304,568
United Kingdom		4.2			77,190,017
Netherlands		1.4			26,580,000
China		0.9			16,668,091
Belgium		0.9			15,929,014
Denmark		0.3			5,502,384
South Korea		0.2			4,032,016
Total Investments		99.6	%	$	1,836,053,691

The Portfolio did not have any open financial instruments at May 31, 2015.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at May 31, 2015, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	1,262,063,257
Gross unrealized appreciation	$	601,360,545
Gross unrealized depreciation		(27,370,111	)
Net unrealized appreciation	$	573,990,434

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 May 31, 2015, the hierarchy of inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:

Asset Description	Level 1		Level 2			Level 3		Total
Common Stocks
Biotechnology	$	577,264,844	$	48,680,432		$	—	$	625,945,276
Health Care Distributors		14,708,260		—			—		14,708,260
Health Care Equipment		228,577,576		17,355,517			—		245,933,093
Health Care Facilities		77,083,860		—			—		77,083,860
Health Care Services		23,789,220		—			—		23,789,220
Health Care Supplies		37,262,850		16,668,091			—		53,930,941
Life Sciences Tools & Services		88,891,560		—			—		88,891,560
Managed Health Care		77,658,400		—			—		77,658,400
Pharmaceuticals		349,038,665		277,532,205			—		626,570,870
Total Common Stocks	$	1,474,275,235	$	360,236,245	*	$	—	$	1,834,511,480
Short-Term Investments	$	—	$	1,542,211		$	—	$	1,542,211
Total Investments	$	1,474,275,235	$	361,778,456		$	—	$	1,836,053,691

* 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, 2014 whose fair value was determined using Level 3 inputs. At May 31, 2015, there were no investments transferred between Level 1 and Level 2 during the fiscal year to date then ended.

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 Equity Strategy Fund

May 31, 2015

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 84.9%

Security	Shares		Value
Aerospace & Defense — 0.5%
Honeywell International, Inc.		12,952	$	1,349,598
United Technologies Corp.		37,112		4,348,413
			$	5,698,011
Air Freight & Logistics — 0.5%
Hyundai Glovis Co., Ltd.		10,111	$	2,278,327
United Parcel Service, Inc., Class B		33,373		3,311,269
			$	5,589,596
Auto Components — 2.7%
Bridgestone Corp.		160,300	$	6,653,218
Delphi Automotive PLC		37,223		3,237,656
Denso Corp.		83,600		4,361,723
Goodyear Tire & Rubber Co. (The)		143,700		4,576,126
Halla Visteon Climate Control Corp.		55,250		1,832,145
Hankook Tire Co., Ltd.		95,050		3,757,350
Hyundai Mobis Co., Ltd.		9,158		1,844,435
Johnson Controls, Inc.		43,378		2,256,524
			$	28,519,177
Automobiles — 3.5%
Fuji Heavy Industries, Ltd.		126,400	$	4,745,044
General Motors Co.		62,510		2,248,485
Honda Motor Co., Ltd.		161,100		5,539,434
Hyundai Motor Co.		19,625		2,789,013
Kia Motors Corp.		107,670		4,620,669
Mazda Motor Corp.		147,200		3,150,308
Nissan Motor Co., Ltd.		399,800		4,152,259
Toyota Motor Corp.		153,610		10,596,093
			$	37,841,305
Banks — 3.3%
Banco Santander SA		342,341	$	2,440,648
Citigroup, Inc.		30,970		1,674,858
Commonwealth Bank of Australia		32,064		2,077,712
HSBC Holdings PLC		484,913		4,607,045
JPMorgan Chase & Co.		75,523		4,967,903
Mitsubishi UFJ Financial Group, Inc.		323,300		2,383,950
PacWest Bancorp		37,756		1,694,867
Royal Bank of Canada		32,722		2,080,515
Sumitomo Mitsui Financial Group, Inc.		109,500		4,969,036
United Bankshares, Inc.		34,806		1,317,755
Wells Fargo & Co.		119,567		6,690,969
			$	34,905,258
Beverages — 2.9%
Anheuser-Busch InBev NV		38,790	$	4,680,391
Asahi Group Holdings, Ltd.		92,100		2,943,685
Coca-Cola Co. (The)		135,876		5,565,481
Diageo PLC		132,759		3,684,156

1

Security	Shares		Value
Heineken NV		53,583	$	4,192,862
PepsiCo, Inc.		60,967		5,879,048
Pernod-Ricard SA		33,647		4,153,186
			$	31,098,809
Biotechnology — 2.6%
Actelion, Ltd.		39,539	$	5,530,964
Alexion Pharmaceuticals, Inc.(1)		15,460		2,532,966
Amgen, Inc.		31,861		4,978,600
Biogen, Inc.(1)		11,701		4,645,180
Celgene Corp.(1)		27,115		3,103,041
Gilead Sciences, Inc.(1)		43,624		4,897,667
Grifols SA, Class A		65,684		2,620,313
			$	28,308,731
Building Products — 0.5%
Daikin Industries, Ltd.		76,400	$	5,834,701
			$	5,834,701
Capital Markets — 0.1%
BlackRock, Inc.		2,980	$	1,090,024
			$	1,090,024
Chemicals — 0.4%
Shin-Etsu Chemical Co., Ltd.		61,300	$	3,730,833
			$	3,730,833
Commercial Services & Supplies — 0.3%
Tetra Tech, Inc.		116,254	$	3,041,205
			$	3,041,205
Communications Equipment — 0.9%
Cisco Systems, Inc.		117,674	$	3,449,025
Juniper Networks, Inc.		92,027		2,558,350
QUALCOMM, Inc.		51,794		3,609,006
			$	9,616,381
Construction & Engineering — 0.6%
Daelim Industrial Co., Ltd.		35,750	$	2,514,718
EMCOR Group, Inc.		50,804		2,304,977
Hyundai Engineering & Construction Co., Ltd.		47,810		1,898,885
			$	6,718,580
Diversified Financial Services — 0.2%
Berkshire Hathaway, Inc., Class B(1)		11,134	$	1,592,162
			$	1,592,162
Diversified Telecommunication Services — 2.7%
Belgacom SA		115,328	$	4,004,450
Deutsche Telekom AG		229,529		3,959,526
Swisscom AG		7,805		4,524,518
Telefonica SA		354,857		5,029,869
Telenor ASA		121,709		2,755,542
TeliaSonera AB		446,497		2,634,684
Verizon Communications, Inc.		126,838		6,270,871
			$	29,179,460
Electric Utilities — 3.5%
American Electric Power Co., Inc.		21,480	$	1,209,109
Duke Energy Corp.		34,962		2,647,672

2

Security	Shares		Value
Endesa SA		101,532	$	1,897,376
Eversource Energy		89,531		4,409,402
Fortum Oyj		146,683		2,790,735
Iberdrola SA		778,442		5,379,713
NextEra Energy, Inc.		50,281		5,145,758
OGE Energy Corp.		68,158		2,146,977
Red Electrica Corp. SA		45,555		3,829,202
SSE PLC		114,356		2,912,164
Xcel Energy, Inc.		134,346		4,574,481
			$	36,942,589
Electrical Equipment — 0.8%
Acuity Brands, Inc.		20,606	$	3,636,753
Doosan Heavy Industries & Construction Co., Ltd.		82,970		2,035,890
Hubbell, Inc., Class B		31,119		3,361,785
			$	9,034,428
Electronic Equipment, Instruments & Components — 1.1%
Citizen Holdings Co., Ltd.		168,800	$	1,228,682
Corning, Inc.		110,245		2,306,325
Jabil Circuit, Inc.		108,533		2,666,656
Kyocera Corp.		54,000		2,930,314
TE Connectivity, Ltd.		32,813		2,264,097
			$	11,396,074
Food & Staples Retailing — 2.6%
Casino Guichard-Perrachon SA		31,236	$	2,448,031
Costco Wholesale Corp.		32,507		4,635,173
CVS Health Corp.		62,890		6,438,678
Koninklijke Ahold NV		215,727		4,382,155
Wal-Mart Stores, Inc.		61,120		4,539,382
Walgreens Boots Alliance, Inc.		58,644		5,034,001
			$	27,477,420
Food Products — 3.4%
Bunge, Ltd.		31,447	$	2,910,734
Campbell Soup Co.		91,731		4,434,277
ConAgra Foods, Inc.		33,513		1,293,937
Danone SA		52,067		3,576,848
General Mills, Inc.		48,293		2,711,652
Hershey Co. (The)		33,847		3,143,032
Ingredion, Inc.		28,571		2,341,965
Kellogg Co.		17,937		1,125,905
Mondelez International, Inc., Class A		69,562		2,893,084
Nestle SA		101,679		7,877,783
Unilever NV		98,425		4,205,014
			$	36,514,231
Gas Utilities — 0.3%
Gas Natural SDG SA		122,689	$	3,015,756
			$	3,015,756
Health Care Equipment & Supplies — 2.4%
Abbott Laboratories		69,856	$	3,395,002
Coloplast A/S, Class B		33,262		2,508,722
Essilor International SA		38,595		4,708,293
Medtronic PLC		80,961		6,178,943
Sirona Dental Systems, Inc.(1)		23,524		2,322,289
Sonova Holding AG		18,108		2,731,281

3

Security	Shares		Value
Teleflex, Inc.		17,921	$	2,307,150
Zimmer Holdings, Inc.		12,788		1,458,983
			$	25,610,663
Health Care Providers & Services — 2.9%
AmerisourceBergen Corp.		56,895	$	6,404,101
Anthem, Inc.		10,136		1,701,328
Cardinal Health, Inc.		17,166		1,513,526
Cigna Corp.		15,196		2,140,053
DaVita HealthCare Partners, Inc.(1)		16,682		1,397,618
Express Scripts Holding Co.(1)		26,705		2,327,074
Fresenius Medical Care AG & Co. KGaA		54,632		4,679,260
Fresenius SE & Co. KGaA		25,427		1,622,011
McKesson Corp.		26,217		6,219,459
UnitedHealth Group, Inc.		21,515		2,586,318
			$	30,590,748
Hotels, Restaurants & Leisure — 1.1%
Carnival Corp.		54,110	$	2,506,916
McDonald’s Corp.		32,051		3,074,653
Starbucks Corp.		51,170		2,658,793
Wyndham Worldwide Corp.		44,562		3,783,759
			$	12,024,121
Household Durables — 2.4%
Casio Computer Co., Ltd.		124,400	$	2,336,628
LG Electronics, Inc.		83,200		4,145,294
Newell Rubbermaid, Inc.		145,557		5,753,868
Nikon Corp.		287,400		3,559,982
Sony Corp.(1)		196,800		6,085,109
Whirlpool Corp.		18,478		3,404,571
			$	25,285,452
Household Products — 2.2%
Colgate-Palmolive Co.		40,603	$	2,711,874
Energizer Holdings, Inc.		15,833		2,243,378
Henkel AG & Co. KGaA, PFC Shares		33,980		4,067,654
Kimberly-Clark Corp.		36,350		3,957,061
Procter & Gamble Co. (The)		63,786		5,000,185
Reckitt Benckiser Group PLC		66,987		6,049,968
			$	24,030,120
Industrial Conglomerates — 1.7%
3M Co.		33,103	$	5,266,025
Doosan Corp.		21,919		2,259,702
General Electric Co.		313,847		8,558,608
Roper Technologies, Inc.		11,167		1,953,778
			$	18,038,113
Internet & Catalog Retail — 0.6%
Amazon.com, Inc.(1)		10,729	$	4,605,209
Priceline Group, Inc. (The)(1)		1,790		2,097,951
			$	6,703,160
Internet Software & Services — 1.8%
eBay, Inc.(1)		55,778	$	3,422,538
Facebook, Inc., Class A(1)		57,296		4,537,270
Google, Inc., Class A(1)		8,261		4,504,889
Google, Inc., Class C(1)		8,283		4,407,467
Yahoo! Inc.(1)		44,381		1,905,498
			$	18,777,662

4

Security	Shares		Value
IT Services — 2.8%
Accenture PLC, Class A		15,807	$	1,518,104
Automatic Data Processing, Inc.		63,778		5,453,657
Cognizant Technology Solutions Corp., Class A(1)		19,048		1,232,786
Fidelity National Information Services, Inc.		20,781		1,302,969
Fiserv, Inc.(1)		74,833		5,997,865
International Business Machines Corp.		30,500		5,174,325
MasterCard, Inc., Class A		25,160		2,321,262
Paychex, Inc.		99,122		4,897,618
Visa, Inc., Class A		34,768		2,387,866
			$	30,286,452
Leisure Products — 0.3%
Mattel, Inc.		46,130	$	1,190,615
Yamaha Corp.		86,600		1,753,829
			$	2,944,444
Life Sciences Tools & Services — 1.0%
ICON PLC(1)		65,450	$	4,245,742
Illumina, Inc.(1)		11,984		2,469,663
Mettler-Toledo International, Inc.(1)		6,853		2,225,032
Thermo Fisher Scientific, Inc.		10,245		1,328,059
			$	10,268,496
Machinery — 2.7%
Cummins, Inc.		14,570	$	1,974,963
Doosan Infracore Co., Ltd.(1)		401,900		3,771,286
FANUC Corp.		22,600		4,976,093
Ingersoll-Rand PLC		61,728		4,245,652
Komatsu, Ltd.		205,500		4,319,971
Kubota Corp.		341,000		5,669,964
Mueller Industries, Inc.		101,384		3,534,246
			$	28,492,175
Marine — 0.3%
Hyundai Merchant Marine Co., Ltd.(1)		464,700	$	3,708,961
			$	3,708,961
Media — 3.5%
Comcast Corp., Class A		82,394	$	4,816,753
DIRECTV(1)		27,723		2,523,902
Gannett Co., Inc.		147,695		5,286,004
Liberty Global PLC, Series C(1)		43,579		2,342,371
Omnicom Group, Inc.		70,416		5,248,105
Thomson Reuters Corp.		75,534		3,016,258
Time Warner, Inc.		37,027		3,128,041
Twenty-First Century Fox, Inc., Class A		66,904		2,247,974
Vivendi SA		150,044		3,812,474
Walt Disney Co. (The)		49,221		5,432,522
			$	37,854,404
Metals & Mining — 0.3%
BHP Billiton, Ltd.		84,594	$	1,886,450
South32, Ltd.(1)		84,594		141,641
Vedanta Resources PLC		125,749		1,129,310
			$	3,157,401
Multi-Utilities — 1.7%
Dominion Resources, Inc.		56,814	$	4,006,523
DTE Energy Co.		57,433		4,550,417

5

Security	Shares		Value
E.ON SE		200,378	$	2,948,572
GDF Suez		146,302		2,949,081
National Grid PLC		194,759		2,788,734
Sempra Energy		12,677		1,362,397
			$	18,605,724
Multiline Retail — 0.4%
Nordstrom, Inc.		33,595	$	2,440,341
Target Corp.		28,315		2,245,946
			$	4,686,287
Personal Products — 1.0%
Beiersdorf AG		48,213	$	4,369,390
Kao Corp.		38,200		1,734,955
L’Oreal SA		22,281		4,202,231
			$	10,306,576
Pharmaceuticals — 7.7%
AbbVie, Inc.		46,077	$	3,068,267
Actavis PLC(1)		17,634		5,410,288
Astellas Pharma, Inc.		365,200		5,300,412
Bayer AG		29,722		4,225,518
Bristol-Myers Squibb Co.		52,075		3,364,045
Eli Lilly & Co.		23,683		1,868,589
GlaxoSmithKline PLC		115,988		2,577,161
Johnson & Johnson		90,070		9,019,610
Merck & Co., Inc.		81,951		4,989,996
Merck KGaA		47,595		5,099,784
Novartis AG		50,792		5,212,859
Novo Nordisk A/S, Class B		88,954		5,046,387
Pfizer, Inc.		225,473		7,835,187
Roche Holding AG PC		13,030		3,972,472
Sanofi		71,644		7,055,527
Takeda Pharmaceutical Co., Ltd.		116,200		5,637,104
UCB SA		41,030		2,931,482
			$	82,614,688
Real Estate Investment Trusts (REITs) — 0.2%
Ryman Hospitality Properties, Inc.		47,256	$	2,604,278
			$	2,604,278
Real Estate Management & Development — 0.2%
Mitsubishi Estate Co., Ltd.		105,000	$	2,342,680
			$	2,342,680
Road & Rail — 0.3%
Union Pacific Corp.		31,024	$	3,130,632
			$	3,130,632
Semiconductors & Semiconductor Equipment — 1.4%
Intel Corp.		134,140	$	4,622,464
NVIDIA Corp.		123,790		2,739,473
SK Hynix, Inc.		108,120		4,968,416
Texas Instruments, Inc.		45,264		2,531,163
			$	14,861,516
Software — 2.7%
AVG Technologies NV(1)		131,249	$	3,218,226
FactSet Research Systems, Inc.		13,820		2,282,649
Intuit, Inc.		55,643		5,795,219

6

Security	Shares		Value
Microsoft Corp.		219,812	$	10,300,390
Oracle Corp.		174,429		7,585,917
			$	29,182,401
Specialty Retail — 1.0%
Home Depot, Inc. (The)		46,709	$	5,204,317
Lowe’s Companies, Inc.		46,109		3,226,708
TJX Cos., Inc. (The)		42,086		2,709,496
			$	11,140,521
Technology Hardware, Storage & Peripherals — 3.9%
Apple, Inc.		165,044	$	21,501,932
Canon, Inc.		171,800		5,928,517
FUJIFILM Holdings Corp.		117,900		4,486,362
Hewlett-Packard Co.		66,476		2,220,299
NetApp, Inc.		55,775		1,862,885
Samsung Electronics Co., Ltd.		5,069		5,963,041
			$	41,963,036
Textiles, Apparel & Luxury Goods — 0.3%
NIKE, Inc., Class B		33,114	$	3,366,700
			$	3,366,700
Tobacco — 2.6%
Altria Group, Inc.		106,864	$	5,471,437
British American Tobacco PLC		125,112		6,910,564
Imperial Tobacco Group PLC		64,806		3,341,893
Japan Tobacco, Inc.		117,600		4,267,701
Philip Morris International, Inc.		49,128		4,081,063
Reynolds American, Inc.		53,420		4,099,985
			$	28,172,643
Trading Companies & Distributors — 1.1%
Daewoo International Corp.		88,190	$	2,113,237
Mitsui & Co., Ltd.		340,700		4,764,612
Sumitomo Corp.		400,900		4,755,147
			$	11,632,996
Water Utilities — 0.5%
American Water Works Co., Inc.		40,146	$	2,122,519
United Utilities Group PLC		194,410		2,962,176
			$	5,084,695
Wireless Telecommunication Services — 0.5%
KDDI Corp.		71,400	$	1,607,262
SoftBank Corp.		53,638		3,192,911
			$	4,800,173
Total Common Stocks (identified cost $783,616,312)			$	909,412,649
Short-Term Investments — 13.4%
Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.18%(2)	$	143,436	$	143,435,502
Total Short-Term Investments (identified cost $143,435,502)			$	143,435,502

7

	Value
Total Investments — 98.3% (identified cost $927,051,814)	$	1,052,848,151
Other Assets, Less Liabilities — 1.7%	$	17,707,345
Net Assets — 100.0%	$	1,070,555,496

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) Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of May 31, 2015. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended May 31, 2015 was $176,426.

Country Concentration of Portfolio

Country	Percentage of Net Assets			Value
United States		47.6	%	$	509,660,842
Japan		12.7			135,938,519
South Korea		4.7			50,501,369
United Kingdom		4.3			45,618,902
France		3.1			32,905,671
Switzerland		3.0			32,113,974
Germany		2.9			30,971,715
Spain		2.3			24,212,877
Belgium		1.1			11,616,323
Netherlands		0.8			8,575,017
Denmark		0.7			7,555,109
Ireland		0.4			4,245,742
Australia		0.4			4,105,803
Finland		0.2			2,790,735
Norway		0.2			2,755,542
Sweden		0.2			2,634,684
Canada		0.2			2,080,515
India		0.1			1,129,310
Common Stocks		84.9	%	$	909,412,649
Short-Term Investments		13.4			143,435,502
Total Investments		98.3	%	$	1,052,848,151

A summary of open financial instruments at May 31, 2015 is as follows:

Forward Foreign Currency Exchange Contracts

Settlement Date	Deliver	In Exchange For	Counterparty	Unrealized Appreciation		Unrealized (Depreciation)		Net  Unrealized Appreciation
6/8/15	Euro 101,000,000	United States Dollar 114,723,880	Morgan Stanley & Co. International PLC	$	3,787,784	$	—	$	3,787,784
6/8/15	Japanese Yen 16,100,000,000	United States Dollar 134,987,843	Morgan Stanley & Co. International PLC		5,265,091		—		5,265,091
6/8/15	South Korean Won 59,000,000,000	United States Dollar 54,632,159	Morgan Stanley & Co. International PLC		1,464,636		—		1,464,636
				$	10,517,511	$	—	$	10,517,511

8

Futures Contracts

Expiration Month/Year	Contracts	Position	Aggregate Cost		Value		Net  Unrealized Appreciation
6/15	1,210 E-mini MSCI Emerging Markets Index	Long	$	56,734,867	$	60,312,450	$	3,577,583
6/15	550 E-mini S&P 500 Index	Long		56,877,436		57,915,000		1,037,564
							$	4,615,147

At May 31, 2015, 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 and as a substitution for the purchase of securities.

Foreign Exchange Risk: The Fund engages in forward foreign currency exchange contracts to seek to hedge against fluctuations in currency exchange rates.

The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) by risk exposure at May 31, 2015 was as follows:

		Fair Value
Risk	Derivative	Asset Derivative		Liability Derivative
Equity Price	Futures contracts*	$	4,615,147	$	—
Total		$	4,615,147	$	—
Foreign Exchange	Forward foreign currency exchange contracts	$	10,517,511	$	—
Total		$	10,517,511	$	—

* Amount represents cumulative unrealized appreciation on futures contracts in the Futures Contracts table above.

The cost and unrealized appreciation (depreciation) of investments of the Fund at May 31, 2015, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	927,188,295
Gross unrealized appreciation	$	147,159,507
Gross unrealized depreciation		(21,499,651	)
Net unrealized appreciation	$	125,659,856

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 May 31, 2015, 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	$	94,630,564	$	75,735,007		$	—	$	170,365,571
Consumer Staples		80,511,332		77,088,467			—		157,599,799
Financials		23,713,331		18,821,071			—		42,534,402
Health Care		105,933,776		71,459,550			—		177,393,326
Industrials		50,017,904		50,901,494			—		100,919,398
Information Technology		130,578,190		25,505,332			—		156,083,522
Materials		141,641		6,746,593			—		6,888,234
Telecommunication Services		6,270,871		27,708,762			—		33,979,633
Utilities		32,175,255		31,473,509			—		63,648,764
Total Common Stocks	$	523,972,864	$	385,439,785	*	$	—	$	909,412,649
Short-Term Investments	$	—	$	143,435,502		$	—	$	143,435,502
Total Investments	$	523,972,864	$	528,875,287		$	—	$	1,052,848,151
Forward Foreign Currency Exchange Contracts	$	—	$	10,517,511		$	—	$	10,517,511
Futures Contracts		4,615,147		—			—		4,615,147
Total	$	528,588,011	$	539,392,798		$	—	$	1,067,980,809

* 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 August 31, 2014 whose fair value was determined using Level 3 inputs. At May 31, 2015, 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.

10

Eaton Vance

Richard Bernstein All Asset Strategy Fund

May 31, 2015

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 55.7%

Security	Shares		Value
Aerospace & Defense — 0.3%
Honeywell International, Inc.		4,164	$	433,889
United Technologies Corp.		6,982		818,081
			$	1,251,970
Air Freight & Logistics — 0.3%
Hyundai Glovis Co., Ltd.		2,618	$	589,918
United Parcel Service, Inc., Class B		9,344		927,112
			$	1,517,030
Auto Components — 1.8%
Bridgestone Corp.		56,400	$	2,340,870
Delphi Automotive PLC		10,314		897,112
Denso Corp.		18,700		975,649
Goodyear Tire & Rubber Co. (The)		38,565		1,228,102
Halla Visteon Climate Control Corp.		14,300		474,202
Hankook Tire Co., Ltd.		40,410		1,597,417
Hyundai Mobis Co., Ltd.		8,294		1,670,424
			$	9,183,776
Automobiles — 2.7%
Fuji Heavy Industries, Ltd.		29,200	$	1,096,165
Honda Motor Co., Ltd.		67,700		2,327,869
Hyundai Motor Co.		9,551		1,357,344
Kia Motors Corp.		43,530		1,868,094
Mazda Motor Corp.		63,900		1,367,559
Nissan Motor Co., Ltd.		198,000		2,056,397
Toyota Motor Corp.		51,300		3,538,699
			$	13,612,127
Banks — 2.3%
Banco Santander SA		122,748	$	875,106
Citigroup, Inc.		7,156		386,996
Commonwealth Bank of Australia		30,578		1,981,421
HSBC Holdings PLC		233,188		2,215,465
JPMorgan Chase & Co.		10,361		681,547
Mitsubishi UFJ Financial Group, Inc.		147,600		1,088,373
PNC Financial Services Group, Inc. (The)		3,407		326,016
Sumitomo Mitsui Financial Group, Inc.		27,600		1,252,469
U.S. Bancorp		6,844		295,045
Umpqua Holdings Corp.		23,566		414,526
United Bankshares, Inc.		11,701		443,000
Wells Fargo & Co.		34,128		1,909,803
			$	11,869,767
Beverages — 2.0%
Anheuser-Busch InBev NV		14,555	$	1,756,202
Asahi Group Holdings, Ltd.		15,500		495,409
Coca-Cola Co. (The)		42,490		1,740,390
Diageo PLC		59,009		1,637,542
Heineken NV		12,402		970,455
PepsiCo, Inc.		20,284		1,955,986
Pernod-Ricard SA		13,473		1,663,027
			$	10,219,011

1

Security	Shares		Value
Biotechnology — 1.2%
Actelion, Ltd.		4,075	$	570,037
Alexion Pharmaceuticals, Inc.(1)		4,361		714,506
Amgen, Inc.		9,828		1,535,723
Biogen, Inc.(1)		1,795		712,597
Celgene Corp.(1)		8,489		971,481
Gilead Sciences, Inc.(1)		11,909		1,337,024
Grifols SA, Class A		6,848		273,185
			$	6,114,553
Building Products — 0.3%
Daikin Industries, Ltd.		16,600	$	1,267,749
			$	1,267,749
Capital Markets — 0.1%
Bank of New York Mellon Corp. (The)		7,536	$	326,761
BlackRock, Inc.		909		332,494
			$	659,255
Chemicals — 0.2%
Shin-Etsu Chemical Co., Ltd.		14,000	$	852,066
			$	852,066
Commercial Services & Supplies — 0.2%
Tetra Tech, Inc.		24,716	$	646,571
US Ecology, Inc.		6,482		298,885
			$	945,456
Communications Equipment — 0.8%
Cisco Systems, Inc.		47,725	$	1,398,820
Juniper Networks, Inc.		65,976		1,834,133
QUALCOMM, Inc.		13,847		964,859
			$	4,197,812
Construction & Engineering — 0.7%
Daelim Industrial Co., Ltd.		17,080	$	1,201,438
EMCOR Group, Inc.		13,022		590,808
Granite Construction, Inc.		13,231		474,331
Hyundai Engineering & Construction Co., Ltd.		27,240		1,081,900
			$	3,348,477
Diversified Financial Services — 0.1%
Berkshire Hathaway, Inc., Class B(1)		3,091	$	442,013
			$	442,013
Diversified Telecommunication Services — 1.9%
Belgacom SA		46,330	$	1,608,683
Deutsche Telekom AG		91,982		1,586,750
Swisscom AG		1,835		1,063,740
Telefonica SA		142,664		2,022,170
Telenor ASA		29,932		677,673
TeliaSonera AB		102,934		607,392
Verizon Communications, Inc.		43,078		2,129,776
			$	9,696,184
Electric Utilities — 1.9%
American Electric Power Co., Inc.		18,520	$	1,042,491
Duke Energy Corp.		12,987		983,505
Endesa SA		24,045		449,340
Eversource Energy		11,608		571,694
Fortum Oyj		33,952		645,958
Iberdrola SA		204,962		1,416,466
NextEra Energy, Inc.		17,073		1,747,251
Red Electrica Corp. SA		10,788		906,803
Southern Co. (The)		8,166		356,773

2

Security	Shares		Value
SSE PLC		26,470	$	674,079
Xcel Energy, Inc.		23,133		787,679
			$	9,582,039
Electrical Equipment — 0.4%
Doosan Heavy Industries & Construction Co., Ltd.		21,480	$	527,069
Generac Holdings, Inc.(1)		9,923		414,583
Hubbell, Inc., Class B		7,703		832,155
			$	1,773,807
Electronic Equipment, Instruments & Components — 1.4%
Amphenol Corp., Class A		5,972	$	340,703
Citizen Holdings Co., Ltd.		229,400		1,669,785
Corning, Inc.		108,002		2,259,402
Jabil Circuit, Inc.		47,509		1,167,296
Kyocera Corp.		30,100		1,633,378
			$	7,070,564
Food & Staples Retailing — 1.4%
Casino Guichard-Perrachon SA		7,682	$	602,054
Costco Wholesale Corp.		6,129		873,934
CVS Health Corp.		18,479		1,891,880
Koninklijke Ahold NV		53,055		1,077,729
Wal-Mart Stores, Inc.		21,074		1,565,166
Walgreens Boots Alliance, Inc.		11,025		946,386
			$	6,957,149
Food Products — 1.9%
Bunge, Ltd.		5,145	$	476,221
Campbell Soup Co.		12,581		608,166
ConAgra Foods, Inc.		9,319		359,807
Danone SA		12,052		827,937
General Mills, Inc.		13,983		785,145
Hershey Co. (The)		10,440		969,458
Kellogg Co.		6,303		395,639
Mondelez International, Inc., Class A		24,373		1,013,673
Nestle SA		34,949		2,707,743
Unilever NV		38,673		1,652,228
			$	9,796,017
Gas Utilities — 0.1%
Gas Natural SDG SA		30,173	$	741,667
			$	741,667
Health Care Equipment & Supplies — 1.1%
Abbott Laboratories		25,354	$	1,232,204
Coloplast A/S, Class B		7,699		580,682
Essilor International SA		9,492		1,157,951
Medtronic PLC		15,240		1,163,117
Sonova Holding AG		4,191		632,140
Zimmer Holdings, Inc.		7,697		878,151
			$	5,644,245
Health Care Providers & Services — 2.1%
AmerisourceBergen Corp.		10,694	$	1,203,716
Anthem, Inc.		5,628		944,660
Cardinal Health, Inc.		12,473		1,099,744
Cigna Corp.		4,608		648,945
DaVita HealthCare Partners, Inc.(1)		9,619		805,880
Express Scripts Holding Co.(1)		8,878		773,629
Fresenius Medical Care AG & Co. KGaA		20,578		1,762,517
Fresenius SE & Co. KGaA		16,580		1,057,653
McKesson Corp.		4,934		1,170,493
UnitedHealth Group, Inc.		12,128		1,457,907
			$	10,925,144

3

Security	Shares		Value
Hotels, Restaurants & Leisure — 0.8%
Carnival Corp.		15,318	$	709,683
McDonald’s Corp.		10,046		963,713
Starbucks Corp.		16,327		848,351
Wyndham Worldwide Corp.		19,660		1,669,330
			$	4,191,077
Household Durables — 1.8%
Casio Computer Co., Ltd.		76,900	$	1,444,427
LG Electronics, Inc.		35,630		1,775,202
Newell Rubbermaid, Inc.		42,331		1,673,344
Nikon Corp.		125,100		1,549,595
Sony Corp.(1)		44,000		1,360,492
Whirlpool Corp.		7,663		1,411,908
			$	9,214,968
Household Products — 1.5%
Colgate-Palmolive Co.		20,725	$	1,384,223
Henkel AG & Co. KGaA, PFC Shares		8,357		1,000,394
Kimberly-Clark Corp.		4,724		514,254
Procter & Gamble Co. (The)		31,357		2,458,075
Reckitt Benckiser Group PLC		25,237		2,279,294
			$	7,636,240
Industrial Conglomerates — 1.1%
3M Co.		6,228	$	990,750
Doosan Corp.		5,589		576,188
General Electric Co.		127,748		3,483,688
Roper Technologies, Inc.		3,184		557,073
			$	5,607,699
Insurance — 0.1%
Marsh & McLennan Cos., Inc.		5,293	$	308,211
Travelers Companies, Inc. (The)		2,816		284,754
			$	592,965
Internet & Catalog Retail — 0.4%
Amazon.com, Inc.(1)		2,943	$	1,263,224
Priceline Group, Inc. (The)(1)		579		678,611
			$	1,941,835
Internet Software & Services — 1.2%
eBay, Inc.(1)		17,268	$	1,059,565
Facebook, Inc., Class A(1)		16,675		1,320,493
Google, Inc., Class A(1)		2,966		1,617,419
Google, Inc., Class C(1)		2,970		1,580,367
Yahoo! Inc.(1)		9,998		429,264
			$	6,007,108
IT Services — 2.0%
Accenture PLC, Class A		8,732	$	838,621
Automatic Data Processing, Inc.		12,328		1,054,167
Cognizant Technology Solutions Corp., Class A(1)		5,640		365,021
Fidelity National Information Services, Inc.		13,807		865,699
Fiserv, Inc.(1)		14,599		1,170,110
International Business Machines Corp.		15,512		2,631,611
MasterCard, Inc., Class A		12,480		1,151,405
Paychex, Inc.		18,639		920,953
Visa, Inc., Class A		18,649		1,280,813
			$	10,278,400
Leisure Products — 0.2%
Mattel, Inc.		12,266	$	316,585
Yamaha Corp.		37,500		759,453
			$	1,076,038

4

Security	Shares		Value
Life Sciences Tools & Services — 0.6%
ICON PLC(1)		32,273	$	2,093,550
Thermo Fisher Scientific, Inc.		8,607		1,115,725
			$	3,209,275
Machinery — 1.4%
Cummins, Inc.		3,213	$	435,522
Doosan Infracore Co., Ltd.(1)		176,770		1,658,747
FANUC Corp.		5,000		1,100,905
Ingersoll-Rand PLC		11,639		800,530
Komatsu, Ltd.		54,700		1,149,890
Kubota Corp.		71,000		1,180,550
Mueller Industries, Inc.		25,958		904,896
			$	7,231,040
Marine — 0.3%
Hyundai Merchant Marine Co., Ltd.(1)		198,420	$	1,583,671
			$	1,583,671
Media — 2.1%
Comcast Corp., Class A		25,594	$	1,496,225
DIRECTV(1)		10,826		985,599
Gannett Co., Inc.		38,956		1,394,235
Omnicom Group, Inc.		26,983		2,011,043
Thomson Reuters Corp.		13,565		541,684
Time Warner, Inc.		13,261		1,120,289
Twenty-First Century Fox, Inc., Class A		22,471		755,026
Vivendi SA		34,730		882,456
Walt Disney Co. (The)		14,965		1,651,687
			$	10,838,244
Metals & Mining — 0.1%
BHP Billiton, Ltd.		29,271	$	652,745
South32, Ltd.(1)		29,271		49,010
			$	701,755
Multi-Utilities — 1.3%
Consolidated Edison, Inc.		5,247	$	324,474
Dominion Resources, Inc.		19,689		1,388,468
DTE Energy Co.		10,986		870,421
E.ON SE		46,381		682,499
GDF Suez		33,864		682,613
National Grid PLC		91,593		1,311,511
Sempra Energy		11,112		1,194,207
			$	6,454,193
Multiline Retail — 0.3%
Nordstrom, Inc.		9,396	$	682,526
Target Corp.		10,326		819,058
			$	1,501,584
Personal Products — 0.5%
Beiersdorf AG		11,485	$	1,040,849
Kao Corp.		16,500		749,391
L’Oreal SA		5,157		972,618
			$	2,762,858
Pharmaceuticals — 5.6%
AbbVie, Inc.		13,598	$	905,491
Actavis PLC(1)		3,064		940,066
Astellas Pharma, Inc.		132,200		1,918,714
Bayer AG		11,634		1,653,982
Bristol-Myers Squibb Co.		15,898		1,027,011
Eli Lilly & Co.		15,013		1,184,526
GlaxoSmithKline PLC		55,148		1,225,345

5

Security	Shares		Value
Johnson & Johnson		26,578	$	2,661,521
Merck & Co., Inc.		24,600		1,497,894
Merck KGaA		16,996		1,821,114
Novartis AG		21,200		2,175,788
Novo Nordisk A/S, Class B		19,371		1,098,923
Pfizer, Inc.		74,551		2,590,647
Roche Holding AG PC		6,252		1,906,055
Sanofi		28,827		2,838,893
Takeda Pharmaceutical Co., Ltd.		46,100		2,236,407
UCB SA		9,497		678,535
			$	28,360,912
Real Estate Management & Development — 0.2%
Mitsubishi Estate Co., Ltd.		34,000	$	758,582
			$	758,582
Road & Rail — 0.4%
Union Pacific Corp.		18,717	$	1,888,732
			$	1,888,732
Semiconductors & Semiconductor Equipment — 1.1%
Intel Corp.		39,043	$	1,345,422
NVIDIA Corp.		89,115		1,972,115
SK Hynix, Inc.		27,770		1,276,109
Texas Instruments, Inc.		16,098		900,200
			$	5,493,846
Software — 1.3%
AVG Technologies NV(1)		28,037	$	687,467
Intuit, Inc.		10,466		1,090,034
Microsoft Corp.		67,931		3,183,247
Oracle Corp.		32,891		1,430,429
			$	6,391,177
Specialty Retail — 0.8%
Home Depot, Inc. (The)		15,145	$	1,687,456
Lowe’s Companies, Inc.		16,745		1,171,815
TJX Cos., Inc. (The)		16,426		1,057,506
			$	3,916,777
Technology Hardware, Storage & Peripherals — 2.9%
Apple, Inc.		47,423	$	6,178,269
Canon, Inc.		60,400		2,084,298
FUJIFILM Holdings Corp.		53,600		2,039,601
Hewlett-Packard Co.		19,298		644,553
NetApp, Inc.		59,261		1,979,317
Samsung Electronics Co., Ltd.		1,917		2,255,109
			$	15,181,147
Textiles, Apparel & Luxury Goods — 0.2%
NIKE, Inc., Class B		12,208	$	1,241,187
			$	1,241,187
Tobacco — 1.5%
Altria Group, Inc.		29,900	$	1,530,880
British American Tobacco PLC		33,029		1,824,358
Imperial Tobacco Group PLC		15,000		773,515
Japan Tobacco, Inc.		26,600		965,313
Philip Morris International, Inc.		17,578		1,460,204
Reynolds American, Inc.		14,186		1,088,776
			$	7,643,046
Trading Companies & Distributors — 0.5%
Daewoo International Corp.		22,830	$	547,060
Mitsui & Co., Ltd.		68,800		962,152
Sumitomo Corp.		94,400		1,119,696
			$	2,628,908

6

Security	Shares		Value
Water Utilities — 0.1%
United Utilities Group PLC		46,042	$	701,530
			$	701,530
Wireless Telecommunication Services — 0.2%
KDDI Corp.		27,900	$	628,048
SoftBank Corp.		8,600		511,932
			$	1,139,980
Total Common Stocks (identified cost $261,533,461)			$	283,842,652
U.S. Treasury Obligations — 16.4%
Security	Principal Amount (000’s omitted)		Value
U.S. Treasury Bond:
3.375%, 5/15/44	$	6,207	$	6,797,414
3.625%, 2/15/44		4,999		5,724,084
3.875%, 8/15/40		2,666		3,161,444
4.375%, 5/15/40		2,600		3,319,417
4.625%, 2/15/40		2,952		3,898,058
			$	22,900,417
U.S. Treasury Note:
0.625%, 4/30/18	$	1,450	$	1,437,949
0.75%, 10/31/17		2,882		2,881,226
0.75%, 12/31/17		3,199		3,194,153
0.75%, 3/31/18		1,736		1,728,242
1.00%, 8/31/16		624		628,524
1.00%, 8/31/19		2,924		2,883,308
1.125%, 12/31/19		1,427		1,408,271
1.25%, 9/30/15		26		26,002
1.25%, 11/30/18		1,776		1,783,507
1.25%, 2/29/20		1,547		1,533,014
1.375%, 7/31/18		2,671		2,700,745
1.375%, 9/30/18		433		437,565
1.375%, 5/31/20		1,317		1,309,894
1.50%, 6/30/16		592		599,492
1.50%, 8/31/18		1,232		1,249,507
1.50%, 12/31/18		5,263		5,327,252
1.50%, 3/31/19		706		713,740
1.75%, 7/31/15		107		107,305
1.875%, 6/30/15		25		25,337
1.875%, 6/30/20		2,242		2,281,016
2.00%, 1/31/16		25		25,507
2.00%, 9/30/20		1,961		2,002,467
2.00%, 11/30/20		2,142		2,184,580
2.125%, 2/29/16		25		25,463
2.125%, 8/31/20		2,476		2,545,662
2.25%, 3/31/21		1,867		1,924,426
2.25%, 4/30/21		5,429		5,593,873
2.375%, 7/31/17		1,232		1,276,630
2.375%, 5/31/18		721		751,152
2.625%, 4/30/16		65		66,488
2.625%, 1/31/18		331		346,227
2.625%, 8/15/20		3,362		3,540,712
2.75%, 11/30/16		1,116		1,154,205
2.75%, 5/31/17		328		342,097
2.75%, 12/31/17		329		345,088
2.75%, 2/28/18		329		345,707
2.875%, 3/31/18		755		796,537
3.125%, 10/31/16		857		889,271

7

Security	Principal Amount (000’s omitted)		Value
3.125%, 4/30/17	$	2,281	$	2,391,802
3.25%, 6/30/16		24		24,652
3.25%, 7/31/16		287		296,619
3.25%, 12/31/16		715		745,793
4.25%, 8/15/15		23		23,503
4.50%, 2/15/16		23		23,596
4.50%, 5/15/17		779		838,281
5.125%, 5/15/16		159		165,769
			$	60,922,156
Total U.S. Treasury Obligations (identified cost $84,418,362)			$	83,822,573
Exchange-Traded Funds(2) — 16.0%
Security	Shares		Value
Municipal Bond Funds — 13.8%
Market Vectors High-Yield Municipal Index ETF		2,277,630	$	70,310,438
			$	70,310,438
Short-Term Fixed Income Funds — 2.2%
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund		108,947	$	11,035,242
			$	11,035,242
Total Exchange-Traded Funds (identified cost $80,206,799)			$	81,345,680
Short-Term Investments — 13.7%
Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.18%(3)	$	70,036	$	70,036,251
Total Short-Term Investments (identified cost $70,036,251)			$	70,036,251
Total Investments — 101.8% (identified cost $496,194,873)			$	519,047,156
Other Assets, Less Liabilities — (1.8)%			$	(9,111,804	)
Net Assets — 100.0%			$	509,935,352

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) The Fund is permitted to invest in certain Exchange-Traded Funds (ETFs) in excess of the limits set forth in the Investment Company Act of 1940, as amended, in reliance upon exemptive relief provided to the ETFs by the Securities and Exchange Commission and meeting certain conditions set forth in the exemptive orders.

(3) Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of May 31, 2015. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended May 31, 2015 was $88,533.

8

Country Concentration of Portfolio

Country	Percentage of Net Assets			Value
United States		30.2	%	$	153,676,393
Japan		8.7			44,481,883
South Korea		3.9			20,039,892
United Kingdom		3.0			15,191,979
Germany		2.1			10,605,758
France		1.9			9,627,549
Switzerland		1.8			9,055,503
Spain		1.3			6,684,737
Belgium		0.8			4,043,420
Australia		0.5			2,683,176
Ireland		0.4			2,093,550
Netherlands		0.4			2,048,184
Denmark		0.3			1,679,605
Norway		0.2			677,673
Finland		0.1			645,958
Sweden		0.1			607,392
Common Stocks		55.7	%	$	283,842,652
U.S. Treasury Obligations		16.4			83,822,573
Exchange-Traded Funds		16.0			81,345,680
Short-Term Investments		13.7			70,036,251
Total Investments		101.8	%	$	519,047,156

A summary of open financial instruments at May 31, 2015 is as follows:

Forward Foreign Currency Exchange Contracts

Settlement Date	Deliver	In Exchange For	Counterparty	Unrealized Appreciation		Unrealized (Depreciation)		Net Unrealized Appreciation
6/8/15	Euro 26,000,000	United States Dollar 29,532,880	Morgan Stanley & Co. International PLC	$	975,073	$	—	$	975,073
6/8/15	Japanese Yen 4,300,000,000	United States Dollar 36,052,654	Morgan Stanley & Co. International PLC		1,406,205		—		1,406,205
6/8/15	South Korean Won 15,900,000,000	United States Dollar 14,722,904	Morgan Stanley & Co. International PLC		394,707		—		394,707
				$	2,775,985	$	—	$	2,775,985

Futures Contracts

Expiration Month/Year	Contracts	Position	Aggregate Cost		Value		Net Unrealized Appreciation
6/15	398 E-mini MSCI Emerging Markets Index	Long	$	19,412,533	$	19,838,310	$	425,777
6/15	184 E-mini S&P 500 Index	Long		19,075,973		19,375,200		299,227
							$	725,004

At May 31, 2015, 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 and as a substitution for the purchase of securities.

Foreign Exchange Risk: The Fund engages in forward foreign currency exchange contracts to seek to hedge against fluctuations in currency exchange rates.

9

The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) by risk exposure at May 31, 2015 was as follows:

		Fair Value
Risk	Derivative	Asset Derivative		Liability Derivative
Equity Price	Futures contracts*	$	725,004	$	—
Total		$	725,004	$	—
Foreign Exchange	Forward foreign currency exchange contracts	$	2,775,985	$	—
Total		$	2,775,985	$	—

* Amount represents cumulative unrealized appreciation on futures contracts in the Futures Contracts table above.

The cost and unrealized appreciation (depreciation) of investments of the Fund at May 31, 2015, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	496,143,869
Gross unrealized appreciation	$	30,113,542
Gross unrealized depreciation		(7,210,255	)
Net unrealized appreciation	$	22,903,287

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 May 31, 2015, 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	$	28,275,299	$	28,442,314		$	—	$	56,717,613
Consumer Staples		22,018,263		22,996,058			—		45,014,321
Financials		6,151,166		8,171,416			—		14,322,582
Health Care		30,666,208		23,587,921			—		54,254,129
Industrials		14,497,606		14,546,933			—		29,044,539
Information Technology		43,661,774		10,958,280			—		54,620,054
Materials		49,010		1,504,811			—		1,553,821
Telecommunication Services		2,129,776		8,706,388			—		10,836,164
Utilities		9,266,963		8,212,466			—		17,479,429
Total Common Stocks	$	156,716,065	$	127,126,587	*	$	—	$	283,842,652
U.S. Treasury Obligations	$	—	$	83,822,573		$	—	$	83,822,573
Exchange-Traded Funds		81,345,680		—			—		81,345,680
Short-Term Investments		—		70,036,251			—		70,036,251
Total Investments	$	238,061,745	$	280,985,411		$	—	$	519,047,156
Forward Foreign Currency Exchange Contracts	$	—	$	2,775,985		$	—	$	2,775,985
Futures Contracts		725,004		—			—		725,004
Total	$	238,786,749	$	283,761,396		$	—	$	522,548,145

* 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.

10

The Fund held no investments or other financial instruments as of August 31, 2014 whose fair value was determined using Level 3 inputs. At May 31, 2015, 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.

11

Parametric Balanced Risk Fund

May 31, 2015

Consolidated Portfolio of Investments (Unaudited)

U.S. Treasury Obligations — 29.8%

Security	Principal Amount (000’s omitted)			Value
U.S. Treasury Inflation-Protected Bonds:
1.375%, 2/15/44(1)	$	704		$	780,443
3.375%, 4/15/32(1)		35			49,954
3.625%, 4/15/28(1)		752			1,042,674
				$	1,873,071
U.S. Treasury Inflation-Protected Notes:
0.625%, 1/15/24(1)	$	1,663		$	1,713,104
1.125%, 1/15/21(1)		991			1,054,076
1.875%, 7/15/19(1)		824			902,404
2.625%, 7/15/17(1)		1,071			1,154,095
				$	4,823,679
Total U.S. Treasury Obligations (identified cost $6,767,945)				$	6,696,750
Foreign Government Bonds — 26.6%
Security	Principal Amount (000’s omitted)			Value
France — 8.4%
Government of France, 0.10%, 3/1/25(2)	EUR	83		$	97,374
Government of France, 0.25%, 7/25/24(2)	EUR	336			401,445
Government of France, 1.10%, 7/25/22(2)	EUR	618			771,891
Government of France, 1.60%, 7/25/15(2)	EUR	0	(3)		132
Government of France, 2.10%, 7/25/23(2)	EUR	457			619,619
				$	1,890,461
Germany — 3.0%
Deutsche Bundesrepublik Inflation Linked Bond, 0.10%, 4/15/23(2)	EUR	565		$	667,203
				$	667,203
United Kingdom — 15.2%
United Kingdom Gilt Inflation Linked Bond, 0.125%, 3/22/24(2)(4)	GBP	529		$	885,861
United Kingdom Gilt Inflation Linked Bond, 1.875%, 11/22/22(2)(4)	GBP	687			1,287,553
United Kingdom Gilt Inflation Linked Bond, 2.50%, 7/17/24(2)(4)	GBP	238			1,249,850
				$	3,423,264
Total Foreign Government Bonds (identified cost $6,576,253)				$	5,980,928
Exchange-Traded Funds(5) — 13.9%
Security	Shares			Value
Fixed Income — 8.6%
iShares iBoxx $ Investment Grade Corporate Bond ETF		1,800		$	212,886
SPDR Barclays High Yield Bond ETF		43,670			1,721,471
				$	1,934,357
Sovereign — 5.3%
PowerShares Emerging Markets Sovereign Debt Portfolio		41,595		$	1,182,130
				$	1,182,130
Total Exchange-Traded Funds (identified cost $3,162,567)				$	3,116,487

1

Exchange-Traded Notes — 3.0%
Security	Units		Value
iPath Bloomberg Commodity Index Total Return ETN (Barclays Bank PLC), 0.00%, 6/12/36(6)		23,790	$	679,680
Total Exchange-Traded Notes (identified cost $838,272)			$	679,680
Investment Trusts — 1.5%
Security	Shares		Value
iShares Gold Trust(7)		22,394	$	257,755
iShares Silver Trust(7)		5,215		83,492
Total Investment Trusts (identified cost $343,968)			$	341,247
Short-Term Investments — 19.6%
Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.18%(8)	$	4,419	$	4,419,298
Total Short-Term Investments (identified cost $4,419,298)			$	4,419,298
Total Investments — 94.4% (identified cost $22,108,303)			$	21,234,390
Other Assets, Less Liabilities — 5.6%			$	1,265,739
Net Assets — 100.0%			$	22,500,129

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

EUR	-	Euro
GBP	-	British Pound Sterling

(1) Inflation-linked security whose principal is adjusted for inflation based on changes in the U.S. Consumer Price Index. Interest is calculated based on the inflation-adjusted principal.

(2) Inflation-linked security whose principal is adjusted for inflation based on changes in a designated inflation index or inflation rate for the applicable country. Interest is calculated based on the inflation-adjusted principal.

(3) Principal amount is less than EUR 500.

(4) 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 May 31, 2015, the aggregate value of these securities is $3,423,264 or 15.2% of the Fund’s net assets.

(5) The Fund is permitted to invest in certain Exchange-Traded Funds (ETFs) in excess of the limits set forth in the Investment Company Act of 1940, as amended, in reliance upon exemptive relief provided to the ETFs by the Securities and Exchange Commission and meeting certain conditions set forth, as amended, in the exemptive orders.

(6) Security does not guarantee any return of principal at maturity, upon redemption or otherwise, and does not pay any interest during its term. Cash payment at maturity or upon early redemption is based on the performance of the indicated index less an investor fee. Security is also subject to credit risk of the indicated issuer.

2

(7) Non-income producing security.

(8) Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of May 31, 2015. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended May 31, 2015 was $5,308.

Basis for Consolidation

The Fund seeks to gain exposure to the commodity markets, in whole or in part, through investments in Eaton Vance PBR Commodity Subsidiary, Ltd. (the Subsidiary), a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands with the same objective and investment policies and restrictions as the Fund. The Fund may invest up to 25% of its total assets in the Subsidiary. The net assets of the Subsidiary at May 31, 2015 were $3,140,418 or 14.0% of the Fund’s consolidated net assets. The Consolidated Portfolio of Investments includes positions of the Fund and the Subsidiary.

A summary of open financial instruments at May 31, 2015 is as follows:

Futures Contracts

Expiration Month/Year	Contracts	Position	Aggregate Cost			Value			Net  Unrealized Appreciation (Depreciation)
Equity Futures
6/15	2 CAC 40 Index	Long	$	107,996		$	109,366		$	1,370
6/15	1 DAX 30 Index	Long		330,080			314,006			(16,074	)
6/15	6 E-mini MSCI Emerging Markets Index	Long		281,865			299,070			17,205
6/15	3 FTSE 100 Index	Long		305,917			319,967			14,050
6/15	2 Mini-Russell 2000 Index	Long		245,210			248,860			3,650
6/15	17 S&P 500 E-mini Index	Long		1,748,025			1,790,100			42,075
6/15	1 S&P MidCap 400 E-mini Index	Long		148,415			152,320			3,905
6/15	1 S&P/TSX 60 Index	Long		137,891			140,495			2,604
6/15	1 SPI 200 Index	Long		110,363			109,935			(428	)
6/15	2 TOPIX Index	Long		245,990			267,769			21,779
Foreign Currency Futures
6/15	39 British Pound Sterling	Short		(3,669,819	)		(3,726,694	)		(56,875	)
6/15	22 Euro	Short		(2,946,125	)		(3,020,325	)		(74,200	)
Interest Rate Futures
6/15	22 Australia 10-Year Treasury Bond	Long		2,180,169			2,161,356			(18,813	)
6/15	31 U.S. 2-Year Deliverable Interest Rate Swap	Long		3,106,539			3,122,523			15,984
6/15	19 U.S. 5-Year Deliverable Interest Rate Swap	Long		1,934,906			1,955,516			20,610
6/15	6 U.S. 10-Year Deliverable Interest Rate Swap	Long		625,407			629,438			4,031
6/15	6 U.S. 30-Year Deliverable Interest Rate Swap	Long		681,328			679,125			(2,203	)
									$	(21,330	)

CAC 40 Index: Cotation Assistée en Continu Index comprised of the 40 largest companies listed on the Paris Bourse Exchange.

DAX 30 Index: Blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.

FTSE 100 Index: Market capitalization-weighted stock index of 100 largest, blue-chip companies listed on the London Stock Exchange.

MSCI Emerging Markets Index: Market capitalization-float-adjusted index of 23 emerging market country indices.

S&P/TSX 60 Index: Market capitalization-weighted stock index of 60 largest, blue-chip companies listed on the Toronto Stock Exchange.

SPI 200 Index: Market capitalization-weighted stock index of 200 largest, blue-chip companies listed on the Australian Securities Exchange.

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

3

Centrally Cleared Interest Rate Swaps

Counterparty

Notional Amount (000’s omitted)

Fund Pays/Receives Floating Rate

Floating Rate Index

Annual Fixed Rate

Termination Date

Net  Unrealized Appreciation (Depreciation)

CME Group, Inc.

CAD

793

Pays

6-Month CAD LIBOR-BBA

3.06

%

9/25/23

$

63,809

CME Group, Inc.

EUR

588

Pays

6-Month EUR LIBOR-BBA

2.12

9/26/23

84,789

CME Group, Inc.

JPY

78,214

Pays

6-Month JPY LIBOR-BBA

0.84

9/27/23

20,226

CME Group, Inc.

GBP

495

Pays

6-Month GBP LIBOR-BBA

2.70

9/30/23

56,633

CME Group, Inc.

CAD

185

Pays

3-Month CAD LIBOR-BBA

2.81

4/30/24

11,345

CME Group, Inc.

JPY

14,900

Pays

6-Month JPY LIBOR-BBA

0.79

5/2/24

3,084

CME Group, Inc.

CAD

1,400

Pays

6-Month CAD LIBOR-BBA

2.44

8/29/24

51,899

CME Group, Inc.

GBP

830

Pays

6-Month GBP LIBOR-BBA

2.41

8/29/24

66,644

CME Group, Inc.

EUR

1,000

Pays

6-Month EUR LIBOR-BBA

1.09

9/2/24

37,414

CME Group, Inc.

JPY

136,000

Pays

6-Month JPY LIBOR-BBA

0.61

9/2/24

9,090

CME Group, Inc.

EUR

260

Pays

6-Month EUR LIBOR-BBA

0.67

3/3/25

(4,194

)

$

400,739

CAD	-	Canadian Dollar
EUR	-	Euro
GBP	-	British Pounds
JPY	-	Japanese Yen

Total Return Swaps

Counterparty

Notional Amount

Fund Pays/Receives Return on Reference Index

Reference Index

Fund Pays/Receives Rate

Rate

Termination Date

Net  Unrealized Appreciation (Depreciation)

Deutsche Bank AG

$

3,585,602

Receives

Excess Return on iBoxx $ Liquid Investment Grade Index

Pays

3-Month USD- LIBOR-BBA

6/22/15

$

(59,511

)

Merrill Lynch International

238,807

Receives

Excess Return on Merrill Lynch MLCX 04 Silver Excess Return Index(1)

Pays

0.24

%

9/30/15

(49

)

Merrill Lynch International

1,567,850

Receives

Excess Return on Merrill Lynch MLCX 04 Gold Excess Return Index

Pays

0.24

9/30/15

20

Merrill Lynch International

1,276,276

Receives

MLBX Custom Basket Excess Return Index(1)(2)

Pays

0.40

7/31/15

30

Merrill Lynch International

5,305,410

Receives

MLBX Custom Basket Excess Return Index(1)(2)

Pays

0.40

8/31/15

120

$

(59,390

)

4

(1) Swap is subject to optional notional adjustments prior to the termination date whereby the Fund may decrease the notional amount upon notification to the counterparty or increase the notional amount upon mutual agreement with the counterparty.

(2) Represents a custom index created by Merrill Lunch and is based on a basket of underlying commodities as follows:

Commodity	% Weight			Commodity	% Weight			Commodity	% Weight
Natural Gas		8.70	%	Wheat (Chicago)		4.35	%	Lead		2.17	%
Crude Oil (WTI)		2.17	%	Corn		4.35	%	Tin		1.09	%
Brent Crude		2.17	%	Soybeans		4.35	%	Sugar		4.35	%
Unleaded Gasoline		8.70	%	Soybean Oil		4.35	%	Cotton		2.17	%
GasOil		8.70	%	Aluminum		8.70	%	Coffee		4.35	%
Live Cattle		4.35	%	Copper (LME)		8.70	%	Cocoa		2.17	%
Lean Hogs		4.35	%	Zinc		4.35	%
Feeder Cattle		1.09	%	Nickel		4.35	%

LME	-	London Metal Exchange
WTI	-	West Texas Intermediate

At May 31, 2015, 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:

Commodity Risk: The Fund invests in commodities-linked derivative investments, including total return swaps based on a commodity index and commodity exchange-traded notes that provide exposure to the investment returns of certain commodities markets, without investing directly in physical commodities. Commodities-linked derivative investments are used to enhance total return and/or as a substitute for the purchase or sale of commodities.

Interest Rate Risk: The Fund utilizes various interest rate derivatives including futures contracts, interest rate swaps and total return swaps to enhance total return, to seek to hedge against fluctuations in interest rates, and/or to change the effective duration of the Fund.

Equity Price Risk: The Fund enters into equity index futures contracts to enhance total return and/or to manage certain investment risks.

Foreign Exchange Risk: During the fiscal year to date ended May 31, 2015, the Fund engaged in forward foreign currency exchange contracts and foreign currency futures contracts to hedge against fluctuations in currency exchange rates.

The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) by risk exposure at May 31, 2015 was as follows:

		Fair Value
Risk	Derivative	Asset Derivative		Liability Derivative
Commodity	Total return swaps	$	170	$	(49	)
		$	170	$	(49	)
Equity Price	Futures contracts*	$	106,638	$	(16,502	)
		$	106,638	$	(16,502	)
Foreign Exchange	Futures contracts*	$	—	$	(131,075	)
		$	—	$	(131,075	)
Interest Rate	Futures contracts*	$	40,625	$	(21,016	)
Interest Rate	Interest rate swaps (centrally cleared)*		404,933		(4,194	)
Interest Rate	Total return swaps		—		(59,511	)
		$	445,558	$	(84,721	)
Total		$	552,366	$	(232,347	)

* Amount represents cumulative unrealized appreciation or (depreciation) on futures contracts and centrally cleared swap contracts in the Futures Contracts and Centrally Cleared Swaps tables above.

5

The cost and unrealized appreciation (depreciation) of investments of the Fund including the Fund’s investment in the Subsidiary, at May 31, 2015, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	24,485,917
Gross unrealized appreciation	$	38,413
Gross unrealized depreciation		(2,755,500	)
Net unrealized depreciation	$	(2,717,087	)

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 May 31, 2015, 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
U.S. Treasury Obligations	$	—		$	6,696,750		$	—	$	6,696,750
Foreign Government Bonds		—			5,980,928			—		5,980,928
Exchange-Traded Funds		3,116,487			—			—		3,116,487
Exchange-Traded Notes		679,680			—			—		679,680
Investment Trusts		341,247			—			—		341,247
Short-Term Investments		—			4,419,298			—		4,419,298
Total Investments	$	4,137,414		$	17,096,976		$	—	$	21,234,390
Futures Contracts	$	110,064		$	37,199		$	—	$	147,263
Swap Contracts		—			405,103			—		405,103
Total	$	4,247,478		$	17,539,278		$	—	$	21,786,756
Liability Description
Futures Contracts	$	(152,091	)	$	(16,502	)	$	—	$	(168,593	)
Swap Contracts		—			(63,754	)		—		(63,754	)
Total	$	(152,091	)	$	(80,256	)	$	—	$	(232,347	)

The Fund held no investments or other financial instruments as of August 31, 2014 whose fair value was determined using Level 3 inputs. At May 31, 2015, 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.

6

Eaton Vance

Richard Bernstein Market Opportunities Fund

May 31, 2015

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 57.5%

Security	Shares		Value
Aerospace & Defense — 0.8%
Boeing Co. (The)		401	$	56,348
Raytheon Co.		503		51,940
United Technologies Corp.(1)		798		93,502
			$	201,790
Air Freight & Logistics — 0.4%
C.H. Robinson Worldwide, Inc.		670	$	41,359
Hyundai Glovis Co., Ltd.		260		58,586
			$	99,945
Auto Components — 2.8%
Bridgestone Corp.		2,500	$	103,762
Denso Corp.		2,000		104,347
Gentex Corp.(1)		5,254		90,264
Halla Visteon Climate Control Corp.		1,420		47,089
Hankook Tire Co., Ltd.		2,450		96,849
Hyundai Mobis Co., Ltd.		731		147,224
Superior Industries International, Inc.(1)		8,296		160,030
			$	749,565
Automobiles — 4.5%
Fuji Heavy Industries, Ltd.		3,000	$	112,620
Honda Motor Co., Ltd.		6,800		233,818
Hyundai Motor Co.		963		136,857
Kia Motors Corp.		2,770		118,875
Mazda Motor Corp.		3,500		74,905
Mitsubishi Motors Corp.		18,000		166,716
Nissan Motor Co., Ltd.		9,400		97,627
Toyota Motor Corp.		4,000		275,922
			$	1,217,340
Banks — 0.3%
Grupo Elektra SAB de CV		2,822	$	70,748
			$	70,748
Beverages — 1.0%
Arca Continental SAB de CV		11,397	$	69,031
Coca-Cola Femsa SAB de CV, Series L		7,698		65,533
Fomento Economico Mexicano SAB de CV, Series UBD		15,975		142,208
			$	276,772
Building Products — 0.3%
Daikin Industries, Ltd.		1,200	$	91,645
			$	91,645
Capital Markets — 0.3%
Grupo Financiero Interacciones SA de CV		12,761	$	82,513
			$	82,513
Chemicals — 1.1%
Dow Chemical Co. (The)		890	$	46,342
E.I. du Pont de Nemours & Co.		687		48,784
Nitto Denko Corp.		1,500		116,148
Shin-Etsu Chemical Co., Ltd.		1,400		85,207
			$	296,481

1

Security	Shares		Value
Commercial Services & Supplies — 1.1%
McGrath RentCorp(1)		5,501	$	167,451
Viad Corp.(1)		4,418		118,579
			$	286,030
Communications Equipment — 1.2%
Motorola Solutions, Inc.(1)		1,435	$	84,665
NETGEAR, Inc.(1)(2)		2,970		92,040
QUALCOMM, Inc.(1)		1,926		134,204
			$	310,909
Construction & Engineering — 2.4%
Chiyoda Corp.		21,000	$	185,431
Daelim Industrial Co., Ltd.		920		64,714
Hyundai Engineering & Construction Co., Ltd.		2,280		90,555
JGC Corp.		8,000		160,064
Promotora y Operadora de Infraestructura SAB de CV(2)		5,913		65,075
Promotora y Operadora de Infraestructura SAB de CV, Series L(2)		8,082		81,771
			$	647,610
Containers & Packaging — 0.2%
Avery Dennison Corp.		890	$	55,100
			$	55,100
Distributors — 0.7%
Core-Mark Holding Co., Inc.(1)		2,010	$	107,957
Genuine Parts Co.(1)		962		87,032
			$	194,989
Diversified Telecommunication Services — 0.4%
IDT Corp., Class B(1)		6,269	$	112,779
			$	112,779
Electrical Equipment — 0.5%
Doosan Heavy Industries & Construction Co., Ltd.		2,130	$	52,265
Emerson Electric Co.		751		45,293
Rockwell Automation, Inc.		388		47,681
			$	145,239
Electronic Equipment, Instruments & Components — 1.7%
Alps Electric Co., Ltd.		3,700	$	94,530
Citizen Holdings Co., Ltd.		5,400		39,306
Kyocera Corp.		1,500		81,398
Taiyo Yuden Co., Ltd.		7,500		111,822
Yaskawa Electric Corp.		3,600		50,311
Yokogawa Electric Corp.		6,700		79,189
			$	456,556
Food Products — 1.0%
Cal-Maine Foods, Inc.(1)		2,474	$	140,251
Gruma SAB, Class B		4,339		57,053
Kikkoman Corp.		3,000		83,572
			$	280,876
Health Care Equipment & Supplies — 0.5%
Olympus Corp.(2)		2,200	$	74,756
Terumo Corp.		3,200		72,574
			$	147,330
Hotels, Restaurants & Leisure — 1.9%
Cracker Barrel Old Country Store, Inc.(1)		776	$	109,478
Darden Restaurants, Inc.		663		43,453
McDonald’s Corp.(1)		1,348		129,314
Red Robin Gourmet Burgers, Inc.(1)(2)		1,332		111,075
Ruth’s Hospitality Group, Inc.(1)		8,818		129,889
			$	523,209

2

Security	Shares		Value
Household Durables — 2.7%
Casio Computer Co., Ltd.		11,400	$	214,128
Garmin, Ltd.(1)		1,504		68,402
LG Electronics, Inc.		5,020		250,113
Nikon Corp.		5,500		68,128
Sony Corp.(2)		4,500		139,141
			$	739,912
Independent Power and Renewable Electricity Producers — 0.3%
Dynegy, Inc.(1)(2)		2,533	$	81,917
			$	81,917
Industrial Conglomerates — 0.6%
3M Co.(1)		679	$	108,015
Doosan Corp.		565		58,248
			$	166,263
Internet & Catalog Retail — 0.3%
PetMed Express, Inc.(1)		5,557	$	92,746
			$	92,746
Internet Software & Services — 0.4%
j2 Global, Inc.(1)		1,456	$	96,693
			$	96,693
IT Services — 2.7%
Accenture PLC, Class A(1)		1,285	$	123,411
Automatic Data Processing, Inc.(1)		1,178		100,731
Broadridge Financial Solutions, Inc.(1)		1,815		98,337
Paychex, Inc.(1)		2,031		100,352
Sykes Enterprises, Inc.(1)(2)		4,646		112,573
TeleTech Holdings, Inc.(1)		7,375		187,472
			$	722,876
Leisure Products — 0.8%
Hasbro, Inc.(1)		1,535	$	110,719
Mattel, Inc.(1)		2,438		62,925
Yamaha Corp.		2,300		46,580
			$	220,224
Life Sciences Tools & Services — 0.5%
Cambrex Corp.(1)(2)		3,055	$	122,261
			$	122,261
Machinery — 4.2%
Amada Holdings Co., Ltd.		6,000	$	61,029
Doosan Infracore Co., Ltd.(2)		10,360		97,214
FANUC Corp.		500		110,091
Hitachi Construction Machinery Co., Ltd.		2,500		45,469
JTEKT Corp.		2,800		51,016
Komatsu, Ltd.		3,900		81,985
Kubota Corp.		12,000		199,529
Minebea Co., Ltd.		6,000		110,160
NGK Insulators, Ltd.		8,000		197,676
NSK, Ltd.		4,800		78,546
Okuma Corp.		9,000		97,701
			$	1,130,416
Marine — 0.4%
Hyundai Merchant Marine Co., Ltd.(2)		11,980	$	95,617
			$	95,617
Media — 0.6%
Grupo Televisa SAB, Series CPO		9,757	$	73,899
Omnicom Group, Inc.		1,064		79,300
			$	153,199

3

Security	Shares		Value
Metals & Mining — 0.5%
Industrias Penoles SAB de CV		7,083	$	125,309
			$	125,309
Multiline Retail — 0.2%
El Puerto de Liverpool SAB de CV		5,388	$	60,507
			$	60,507
Pharmaceuticals — 2.2%
Astellas Pharma, Inc.		6,500	$	94,339
Daiichi Sankyo Co., Ltd.		4,300		80,895
Sumitomo Dainippon Pharma Co., Ltd.		15,500		176,030
Takeda Pharmaceutical Co., Ltd.		4,700		228,007
			$	579,271
Professional Services — 1.8%
Heidrick & Struggles International, Inc.(1)		7,865	$	197,726
Resources Connection, Inc.(1)		11,237		176,309
RPX Corp.(1)(2)		6,457		102,731
			$	476,766
Road & Rail — 1.5%
Marten Transport, Ltd.(1)		6,230	$	141,296
Norfolk Southern Corp.		422		38,824
Werner Enterprises, Inc.(1)		7,801		214,684
			$	394,804
Semiconductors & Semiconductor Equipment — 2.9%
Analog Devices, Inc.(1)		1,699	$	115,464
Intel Corp.		2,386		82,222
Linear Technology Corp.(1)		1,852		88,618
Microchip Technology, Inc.(1)		1,694		83,226
SK Hynix, Inc.		4,300		197,597
Texas Instruments, Inc.(1)		2,177		121,738
Xilinx, Inc.(1)		1,992		94,461
			$	783,326
Software — 2.5%
AVG Technologies NV(1)(2)		4,701	$	115,268
CDK Global, Inc.(1)		392		20,890
Microsoft Corp.(1)		5,784		271,038
Symantec Corp.		1,766		43,488
Trend Micro, Inc.		6,000		210,211
			$	660,895
Specialty Retail — 2.2%
Caleres, Inc.(1)		3,292	$	101,822
DSW, Inc., Class A(1)		1,950		67,567
GameStop Corp., Class A(1)		1,694		73,536
Gap, Inc. (The)(1)		1,809		69,339
Rent-A-Center, Inc.(1)		3,323		100,521
Stein Mart, Inc.(1)		7,388		78,461
Zumiez, Inc.(1)(2)		3,712		110,840
			$	602,086
Technology Hardware, Storage & Peripherals — 2.0%
Canon, Inc.		2,900	$	100,074
FUJIFILM Holdings Corp.		2,000		76,105
Konica Minolta, Inc.		7,200		90,161
Ricoh Co., Ltd.		7,400		76,884
Samsung Electronics Co., Ltd.		172		202,336
			$	545,560

4

Security	Shares		Value
Textiles, Apparel & Luxury Goods — 0.2%
Coach, Inc.(1)		1,864	$	65,930
			$	65,930
Tobacco — 0.9%
Japan Tobacco, Inc.		6,500	$	235,885
			$	235,885
Trading Companies & Distributors — 3.4%
Applied Industrial Technologies, Inc.(1)		3,766	$	159,565
Daewoo International Corp.		5,120		122,687
Mitsui & Co., Ltd.		14,600		204,178
Sumitomo Corp.		18,000		213,501
Toyota Tsusho Corp.		7,800		217,894
			$	917,825
Transportation Infrastructure — 0.6%
Grupo Aeroportuario del Pacifico SAB de CV, Class B		10,613	$	75,599
Grupo Aeroportuario del Sureste SAB de CV, Class B		6,380		91,920
			$	167,519
Total Common Stocks (identified cost $14,881,085)			$	15,485,233
U.S. Treasury Obligations — 11.9%
Security	Principal Amount (000’s omitted)		Value
U.S. Treasury STRIPS (Principal):
0.00%, 11/15/40	$	406	$	189,717
0.00%, 2/15/41		1,269		591,381
0.00%, 8/15/41		473		217,692
0.00%, 11/15/41(1)		448		204,295
0.00%, 2/15/42(1)		479		216,069
0.00%, 5/15/42		458		204,001
0.00%, 8/15/42		485		213,912
0.00%, 11/15/42		463		202,499
0.00%, 2/15/43		471		204,580
0.00%, 5/15/43		474		204,106
0.00%, 8/15/43		479		205,600
0.00%, 11/15/43		469		200,046
0.00%, 8/15/44		406		169,446
0.00%, 11/15/44		415		171,661
Total U.S. Treasury Obligations (identified cost $3,609,083)			$	3,195,005
Exchange-Traded Funds(3) — 27.3%
Security	Shares		Value
Equity Funds — 7.5%
iShares MSCI Chile Capped ETF		16,451	$	678,768
iShares MSCI Taiwan ETF		81,778		1,336,253
			$	2,015,021
Municipal Bond Funds — 19.8%
Market Vectors High-Yield Municipal Index ETF		172,874	$	5,336,620
			$	5,336,620
Total Exchange-Traded Funds (identified cost $7,478,488)			$	7,351,641

5

Short-Term Investments — 19.7%
Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.18%(4)	$	5,316	$	5,316,462
Total Short-Term Investments (identified cost $5,316,462)			$	5,316,462
Total Investments — 116.4% (identified cost $31,285,118)			$	31,348,341
Other Assets, Less Liabilities — (16.4)%			$	(4,425,490	)
Net Assets — 100.0%			$	26,922,851

STRIPS - Separate Trading of Registered Interest and Principal Securities

(1) Security (or a portion thereof) has been pledged to cover collateral requirements on securities sold short.

(2) Non-income producing security.

(3) The Fund is permitted to invest in certain Exchange-Traded Funds (ETFs) in excess of the limits set forth in the Investment Company Act of 1940, as amended, in reliance upon exemptive relief provided to the ETFs by the Securities and Exchange Commission and meeting certain conditions set forth in the exemptive orders.

(4) Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of May 31, 2015. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended May 31, 2015 was $6,689.

Securities Sold Short — (18.7)%
Exchange-Traded Funds — (18.7)%
Security	Shares			Value
Equity Funds — (18.7)%
Alerian MLP ETF		(91,100	)	$	(1,507,705	)
iShares MSCI Brazil Capped ETF		(53,611	)		(1,728,419	)
iShares MSCI Turkey ETF		(38,500	)		(1,801,800	)
Total Exchange-Traded Funds (proceeds $5,244,833)				$	(5,037,924	)
Total Securities Sold Short (proceeds $5,244,833)				$	(5,037,924	)

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

Country Concentration of Portfolio

Country	Percentage of Net Assets			Value
United States		24.5	%	$	6,586,228
Japan		22.3			6,001,013
South Korea		6.8			1,836,826
Mexico		3.9			1,061,166
Common Stocks		57.5	%	$	15,485,233
U.S. Treasury Obligations		11.9			3,195,005
Exchange-Traded Funds		27.3			7,351,641
Short-Term Investments		19.7			5,316,462
Total Investments		116.4	%	$	31,348,341

6

A summary of open financial instruments at May 31, 2015 is as follows:

Forward Foreign Currency Exchange Contracts

Settlement Date	Deliver	In Exchange For	Counterparty	Unrealized Appreciation		Unrealized (Depreciation)		Net Unrealized Appreciation
6/8/15	Japanese Yen 700,000,000	United States Dollar 5,869,037	Morgan Stanley & Co. International PLC	$	228,917	$	—	$	228,917
6/8/15	South Korean Won 2,200,000,000	United States Dollar 2,037,131	Morgan Stanley & Co. International PLC		54,614		—		54,614
				$	283,531	$	—	$	283,531

Futures Contracts

Expiration Month/Year	Contracts	Position	Aggregate Cost		Value		Net Unrealized Appreciation
6/15	20 E-mini MSCI Emerging Markets Index	Long	$	937,766	$	996,900	$	59,134
6/15	30 E-mini S&P 500 Index	Long		3,102,406		3,159,000		56,594
							$	115,728

At May 31, 2015, 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 and/or total return swap contracts thereon to enhance return and as a substitution for the purchase or sale of securities.

Foreign Exchange Risk: The Fund engages in forward foreign currency exchange contracts to seek to hedge against fluctuations in currency exchange rates.

The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) by risk exposure at May 31, 2015 was as follows:

		Fair Value
Risk	Derivative	Asset Derivative		Liability Derivative
Equity Price	Futures contracts*	$	115,728	$	—
Total		$	115,728	$	—
Foreign Exchange	Forward foreign currency exchange contracts	$	283,531	$	—
Total		$	283,531	$	—

* Amount represents cumulative unrealized appreciation on futures contracts in the Futures Contracts table above.

The cost and unrealized appreciation (depreciation) of investments of the Fund at May 31, 2015, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	31,295,664
Gross unrealized appreciation	$	1,214,824
Gross unrealized depreciation		(1,162,147	)
Net unrealized appreciation	$	52,677

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.

7

• 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 May 31, 2015, 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	$	2,185,006		$	2,434,701		$	—	$	4,619,707
Consumer Staples		474,076			319,457			—		793,533
Financials		153,261			—			—		153,261
Health Care		122,261			726,601			—		848,862
Industrials		2,075,667			2,745,802			—		4,821,469
Information Technology		2,166,892			1,409,923			—		3,576,815
Materials		275,535			201,355			—		476,890
Telecommunication Services		112,779			—			—		112,779
Utilities		81,917			—			—		81,917
Total Common Stocks	$	7,647,394		$	7,837,839	*	$	—	$	15,485,233
U.S. Treasury Obligations	$	—		$	3,195,005		$	—	$	3,195,005
Exchange-Traded Funds		7,351,641			—			—		7,351,641
Short-Term Investments		—			5,316,462			—		5,316,462
Total Investments	$	14,999,035		$	16,349,306		$	—	$	31,348,341
Forward Foreign Currency Exchange Contracts	$	—		$	283,531		$	—	$	283,531
Futures Contracts		115,728			—			—		115,728
Total	$	15,114,763		$	16,632,837		$	—	$	31,747,600
Liability Description
Securities Sold Short	$	(5,037,924	)	$	—		$	—	$	(5,037,924	)
Total	$	(5,037,924	)	$	—		$	—	$	(5,037,924	)

* 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.

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 report to shareholders.

8

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 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:	July 27, 2015

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:	July 27, 2015

By:	/s/ James F. Kirchner
	James F. Kirchner
	Treasurer
Date:	July 27, 2015