N-Q 1 d164620dnq.htm EATON VANCE GROWTH TRUST Eaton Vance Growth Trust

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-01241

Investment Company Act File Number

Eaton Vance Growth Trust

(Exact Name of Registrant as Specified in Charter)

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

(617) 482-8260

(Registrant’s Telephone Number, Including Area Code)

September 30

Date of Fiscal Year End

June 30, 2016

Date of Reporting Period

 

 

 

Item 1. Schedule of Investments

Eaton Vance Atlanta Capital Focused Growth Fund

Eaton Vance Atlanta Capital Select Equity Fund

Eaton Vance Atlanta Capital SMID-Cap Fund

Eaton Vance

Atlanta Capital Focused Growth Fund

June 30, 2016

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 98.0%

 

                                                 
Security    Shares      Value  

Biotechnology — 4.6%

  

Biogen, Inc.(1)

      8,365       $ 2,022,824   

Gilead Sciences, Inc.

      18,423         1,536,847   
     

 

 

  
   $ 3,559,671   
     

 

 

  

Capital Markets — 1.9%

  

Charles Schwab Corp. (The)

      57,233       $ 1,448,567   
     

 

 

  
   $ 1,448,567   
     

 

 

  

Chemicals — 4.2%

  

Ecolab, Inc.

      27,078       $ 3,211,451   
     

 

 

  
   $ 3,211,451   
     

 

 

  

Electronic Equipment, Instruments & Components — 3.9%

  

Amphenol Corp., Class A

      52,043       $ 2,983,625   
     

 

 

  
   $ 2,983,625   
     

 

 

  

Energy Equipment & Services — 2.2%

  

Schlumberger, Ltd.

      21,065       $ 1,665,820   
     

 

 

  
   $ 1,665,820   
     

 

 

  

Food & Staples Retailing — 7.7%

  

Costco Wholesale Corp.

      8,131       $ 1,276,892   

CVS Health Corp.

      48,628         4,655,645   
     

 

 

  
   $ 5,932,537   
     

 

 

  

Food Products — 3.7%

  

Mondelez International, Inc., Class A

      61,946       $ 2,819,162   
     

 

 

  
   $ 2,819,162   
     

 

 

  

Hotels, Restaurants & Leisure — 2.4%

  

Starbucks Corp.

      31,927       $ 1,823,670   
     

 

 

  
   $ 1,823,670   
     

 

 

  

Industrial Conglomerates — 4.1%

  

Danaher Corp.

      31,294       $ 3,160,694   
     

 

 

  
   $ 3,160,694   
     

 

 

  

Internet & Catalog Retail — 3.8%

  

Priceline Group, Inc. (The)(1)

      2,357       $ 2,942,502   
     

 

 

  
   $ 2,942,502   
     

 

 

  

Internet Software & Services — 7.5%

  

Alphabet, Inc., Class C(1)

      8,318       $ 5,756,888   
     

 

 

  
   $ 5,756,888   
     

 

 

  

IT Services — 9.0%

  

MasterCard, Inc., Class A

      24,541       $ 2,161,081   

Visa, Inc., Class A

      63,900         4,739,463   
     

 

 

  
   $ 6,900,544   
     

 

 

  

Life Sciences Tools & Services — 3.7%

  

Thermo Fisher Scientific, Inc.

      19,226       $ 2,840,834   
     

 

 

  
   $ 2,840,834   
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Machinery — 3.4%

  

IDEX Corp.

      31,974       $ 2,625,065   
     

 

 

  
   $ 2,625,065   
     

 

 

  

Media — 3.3%

  

Comcast Corp., Class A

      38,349       $ 2,499,971   
     

 

 

  
   $ 2,499,971   
     

 

 

  

Multiline Retail — 4.7%

  

Dollar General Corp.

      38,587       $ 3,627,178   
     

 

 

  
   $ 3,627,178   
     

 

 

  

Pharmaceuticals — 8.3%

  

Bristol-Myers Squibb Co.

      40,406       $ 2,971,861   

Perrigo Co. PLC

      18,423         1,670,414   

Zoetis, Inc.

      36,937         1,753,030   
     

 

 

  
   $ 6,395,305   
     

 

 

  

Semiconductors & Semiconductor Equipment — 3.3%

  

Texas Instruments, Inc.

      40,650       $ 2,546,723   
     

 

 

  
   $ 2,546,723   
     

 

 

  

Software — 7.0%

  

Check Point Software Technologies, Ltd.(1)

      33,675       $ 2,683,224   

Microsoft Corp.

      52,647         2,693,947   
     

 

 

  
   $ 5,377,171   
     

 

 

  

Specialty Retail — 4.6%

  

Lowe’s Cos., Inc.

      45,044       $ 3,566,134   
     

 

 

  
   $ 3,566,134   
     

 

 

  

Technology Hardware, Storage & Peripherals — 4.7%

  

Apple, Inc.

      37,890       $ 3,622,284   
     

 

 

  
   $ 3,622,284   
     

 

 

  

Total Common Stocks
(identified cost $56,933,109)

   

    $ 75,305,796   
     

 

 

  

Short-Term Investments — 1.7%

      
Description    Interest
(000’s omitted)		      Value  

Eaton Vance Cash Reserves Fund, LLC, 0.52%(2)

    $ 1,354       $ 1,354,498   
     

 

 

  

Total Short-Term Investments
(identified cost $1,354,498)

   

    $ 1,354,498   
     

 

 

  

Total Investments — 99.7%
(identified cost $58,287,607)

   

    $ 76,660,294   
     

 

 

  

Other Assets, Less Liabilities — 0.3%

  

    $ 202,184   
     

 

 

  

Net Assets — 100.0%

  

    $ 76,862,478   
     

 

 

  

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 June 30, 2016. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended June 30, 2016 was $5,547.

 

2

 

 

The Fund did not have any open financial instruments at June 30, 2016.

The cost and unrealized appreciation (depreciation) of investments of the Fund at June 30, 2016, as determined on a federal income tax basis, were as follows:

 

Aggregate cost

    $     59,030,655   
  

 

 

  

Gross unrealized appreciation

    $ 19,414,261   

Gross unrealized depreciation

      (1,784,622 ) 
  

 

 

  

Net unrealized appreciation

    $ 17,629,639   
  

 

 

  

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 June 30, 2016, 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

    $ 75,305,796 *     $ —       $ —       $ 75,305,796   

Short-Term Investments

      —         1,354,498         —         1,354,498   

Total Investments

    $     75,305,796       $     1,354,498       $     —       $     76,660,294   

 

* The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

The Fund held no investments or other financial instruments as of September 30, 2015 whose fair value was determined using Level 3 inputs. At June 30, 2016, 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.

 

3

 

 

Eaton Vance

Atlanta Capital Select Equity Fund

June 30, 2016

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 92.9%

 

                                                 
Security    Shares      Value  

Banks — 4.7%

  

U.S. Bancorp

      250,993       $ 10,122,548   
     

 

 

  
   $ 10,122,548   
     

 

 

  

Beverages — 3.3%

  

Diageo PLC ADR

      62,331       $ 7,035,923   
     

 

 

  
   $ 7,035,923   
     

 

 

  

Capital Markets — 6.9%

  

Affiliated Managers Group, Inc.(1)

      57,275       $ 8,062,602   

TD Ameritrade Holding Corp.

      237,985         6,776,623   
     

 

 

  
   $ 14,839,225   
     

 

 

  

Chemicals — 5.4%

  

Praxair, Inc.

      55,237       $ 6,208,086   

Sherwin-Williams Co. (The)

      18,442         5,415,862   
     

 

 

  
   $ 11,623,948   
     

 

 

  

Containers & Packaging — 4.9%

  

Ball Corp.

      146,294       $ 10,575,593   
     

 

 

  
   $ 10,575,593   
     

 

 

  

Food Products — 1.9%

  

Nestle SA ADR

      52,661       $ 4,071,222   
     

 

 

  
   $ 4,071,222   
     

 

 

  

Health Care Equipment & Supplies — 8.1%

  

Dentsply Sirona, Inc.

      127,694       $ 7,922,136   

STERIS PLC

      61,031         4,195,881   

Teleflex, Inc.

      29,887         5,299,264   
     

 

 

  
   $ 17,417,281   
     

 

 

  

Health Care Providers & Services — 3.2%

  

Henry Schein, Inc.(1)

      39,065       $ 6,906,692   
     

 

 

  
   $ 6,906,692   
     

 

 

  

Hotels, Restaurants & Leisure — 2.9%

  

Aramark

      185,303       $ 6,192,826   
     

 

 

  
   $ 6,192,826   
     

 

 

  

Industrial Conglomerates — 4.3%

  

Danaher Corp.

      52,406       $ 5,293,006   

Roper Technologies, Inc.

      23,125         3,944,200   
     

 

 

  
   $ 9,237,206   
     

 

 

  

Insurance — 13.1%

  

Markel Corp.(1)

      17,074       $ 16,267,766   

White Mountains Insurance Group, Ltd.

      14,084         11,858,728   
     

 

 

  
   $ 28,126,494   
     

 

 

  

IT Services — 8.0%

  

Alliance Data Systems Corp.(1)

      25,120       $ 4,921,510   

Fiserv, Inc.(1)

      54,079         5,880,010   

Visa, Inc., Class A

      85,139         6,314,760   
     

 

 

  
   $ 17,116,280   
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Life Sciences Tools & Services — 1.9%

  

Thermo Fisher Scientific, Inc.

      27,124       $ 4,007,842   
     

 

 

  
   $ 4,007,842   
     

 

 

  

Software — 9.2%

  

ANSYS, Inc.(1)

      89,568       $ 8,128,296   

Check Point Software Technologies, Ltd.(1)

      49,212         3,921,212   

Oracle Corp.

      187,006         7,654,156   
     

 

 

  
   $ 19,703,664   
     

 

 

  

Specialty Retail — 15.1%

  

Home Depot, Inc. (The)

      41,204       $ 5,261,339   

O’Reilly Automotive, Inc.(1)

      21,123         5,726,445   

Ross Stores, Inc.

      145,685         8,258,883   

TJX Cos., Inc. (The)

      171,218         13,223,166   
     

 

 

  
   $ 32,469,833   
     

 

 

  

Total Common Stocks
(identified cost $173,165,870)

   

    $ 199,446,577   
     

 

 

  

Short-Term Investments — 6.8%

      
Description    Interest
(000’s omitted)		      Value  

Eaton Vance Cash Reserves Fund, LLC, 0.52%(2)

    $ 14,511       $ 14,511,344   
     

 

 

  

Total Short-Term Investments
(identified cost $14,511,344)

   

    $ 14,511,344   
     

 

 

  

Total Investments — 99.7%
(identified cost $187,677,214)

   

    $ 213,957,921   
     

 

 

  

Other Assets, Less Liabilities — 0.3%

  

    $ 648,358   
     

 

 

  

Net Assets — 100.0%

  

    $ 214,606,279   
     

 

 

  

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 June 30, 2016. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended June 30, 2016 was $34,693.

Abbreviations:

 

ADR

   -   American Depositary Receipt

The Fund did not have any open financial instruments at June 30, 2016.

The cost and unrealized appreciation (depreciation) of investments of the Fund at June 30, 2016, as determined on a federal income tax basis, were as follows:

 

Aggregate cost

    $     187,976,169   
  

 

 

  

Gross unrealized appreciation

    $ 29,480,959   

Gross unrealized depreciation

      (3,499,207 ) 
  

 

 

  

Net unrealized appreciation

    $ 25,981,752   
  

 

 

  

 

2

 

 

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 June 30, 2016, 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

    $ 199,446,577 *     $ —       $ —       $ 199,446,577   

Short-Term Investments

      —         14,511,344         —         14,511,344   

Total Investments

    $     199,446,577       $     14,511,344       $     —       $     213,957,921   

 

* The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

The Fund held no investments or other financial instruments as of September 30, 2015 whose fair value was determined using Level 3 inputs. At June 30, 2016, 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.

 

3

 

 

Eaton Vance

Atlanta Capital SMID-Cap Fund

June 30, 2016 (Unaudited)

Eaton Vance Atlanta Capital SMID-Cap Fund (the Fund), a diversified series of Eaton Vance Growth Trust, invests substantially all of its assets in SMID-Cap Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At June 30, 2016, the value of the Fund’s investment in the Portfolio was $7,576,426,023 and the Fund owned 99.9% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.

 

 

 

 

SMID-Cap Portfolio

June 30, 2016

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 95.1%

 

                                                 
Security    Shares      Value  

Banks — 2.2%

  

Umpqua Holdings Corp.

      6,369,638       $ 98,538,300   

Westamerica Bancorporation(1)

      1,433,011         70,590,122   
     

 

 

  
   $ 169,128,422   
     

 

 

  

Capital Markets — 6.2%

  

Affiliated Managers Group, Inc.(2)

      1,343,738       $ 189,157,998   

Artisan Partners Asset Management, Inc., Class A

      1,326,774         36,725,105   

SEI Investments Co.

      5,004,848         240,783,237   
     

 

 

  
   $ 466,666,340   
     

 

 

  

Chemicals — 1.2%

  

RPM International, Inc.

      1,845,866       $ 92,201,007   
     

 

 

  
   $ 92,201,007   
     

 

 

  

Commercial Services & Supplies — 1.3%

  

Copart, Inc.(2)

      1,996,589       $ 97,852,827   
     

 

 

  
   $ 97,852,827   
     

 

 

  

Containers & Packaging — 2.0%

  

AptarGroup, Inc.

      1,946,783       $ 154,048,939   
     

 

 

  
   $ 154,048,939   
     

 

 

  

Diversified Consumer Services — 1.6%

  

ServiceMaster Global Holdings, Inc.(2)

      2,960,280       $ 117,819,144   
     

 

 

  
   $ 117,819,144   
     

 

 

  

Diversified Financial Services — 4.2%

  

FactSet Research Systems, Inc.

      932,778       $ 150,569,025   

Morningstar, Inc.

      2,017,227         164,968,824   
     

 

 

  
   $ 315,537,849   
     

 

 

  

Electrical Equipment — 2.7%

  

Acuity Brands, Inc.

      831,237       $ 206,113,526   
     

 

 

  
   $ 206,113,526   
     

 

 

  

Electronic Equipment, Instruments & Components — 3.2%

  

CDW Corp.

      3,655,443       $ 146,510,155   

FLIR Systems, Inc.

      3,059,140         94,680,383   
     

 

 

  
   $ 241,190,538   
     

 

 

  

Energy Equipment & Services — 1.1%

  

Dril-Quip, Inc.(2)

      506,695       $ 29,606,189   

Oceaneering International, Inc.

      1,722,398         51,430,804   
     

 

 

  
   $ 81,036,993   
     

 

 

  

Health Care Equipment & Supplies — 10.4%

  

Dentsply Sirona, Inc.

      4,155,202       $ 257,788,732   

IDEXX Laboratories, Inc.(2)

      2,001,710         185,878,791   

Teleflex, Inc.

      1,419,162         251,631,614   

Varian Medical Systems, Inc.(2)

      1,132,890         93,157,545   
     

 

 

  
   $ 788,456,682   
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Health Care Providers & Services — 2.2%

  

Henry Schein, Inc.(2)

      950,017       $ 167,963,006   
     

 

 

  
   $ 167,963,006   
     

 

 

  

Hotels, Restaurants & Leisure — 2.0%

  

Aramark

      4,510,995       $ 150,757,453   
     

 

 

  
   $ 150,757,453   
     

 

 

  

Household Products — 1.4%

  

Church & Dwight Co., Inc.

      1,050,309       $ 108,066,293   
     

 

 

  
   $ 108,066,293   
     

 

 

  

Industrial Conglomerates — 2.6%

  

Carlisle Cos., Inc.

      1,858,532       $ 196,409,662   
     

 

 

  
   $ 196,409,662   
     

 

 

  

Insurance — 5.7%

  

Markel Corp.(2)

      346,269       $ 329,918,178   

WR Berkley Corp.

      1,682,803         100,833,555   
     

 

 

  
   $ 430,751,733   
     

 

 

  

IT Services — 7.3%

  

Broadridge Financial Solutions, Inc.

      2,085,531       $ 135,976,621   

Gartner, Inc.(2)

      1,339,694         130,499,593   

Jack Henry & Associates, Inc.

      2,037,494         177,812,101   

WEX, Inc.(2)

      1,223,538         108,491,114   
     

 

 

  
   $ 552,779,429   
     

 

 

  

Life Sciences Tools & Services — 4.5%

  

Bio-Rad Laboratories, Inc., Class A(2)

      1,196,169       $ 171,076,091   

Bio-Techne Corp.

      704,994         79,502,173   

Mettler-Toledo International, Inc.(2)

      245,961         89,756,088   
     

 

 

  
   $ 340,334,352   
     

 

 

  

Machinery — 7.2%

  

CLARCOR, Inc.(1)

      2,502,134       $ 152,204,811   

Donaldson Co., Inc.

      2,950,790         101,389,144   

Graco, Inc.

      1,420,117         112,175,042   

IDEX Corp.

      2,153,807         176,827,555   
     

 

 

  
   $ 542,596,552   
     

 

 

  

Marine — 1.9%

  

Kirby Corp.(2)

      2,264,560       $ 141,285,898   
     

 

 

  
   $ 141,285,898   
     

 

 

  

Professional Services — 2.8%

  

Equifax, Inc.

      1,675,385       $ 215,119,434   
     

 

 

  
   $ 215,119,434   
     

 

 

  

Real Estate Management & Development — 1.2%

  

Jones Lang LaSalle, Inc.

      963,337       $ 93,877,191   
     

 

 

  
   $ 93,877,191   
     

 

 

  

Road & Rail — 4.1%

  

J.B. Hunt Transport Services, Inc.

      2,387,242       $ 193,199,495   

Landstar System, Inc.

      1,729,214         118,727,833   
     

 

 

  
   $ 311,927,328   
     

 

 

  

 

2

 

 

                                                 
Security    Shares      Value  

Software — 11.0%

  

ANSYS, Inc.(2)

      3,165,497       $ 287,268,853   

Blackbaud, Inc.(1)

      2,878,519         195,451,440   

Fair Isaac Corp.(1)

      1,816,852         205,322,445   

Manhattan Associates, Inc.(2)

      2,284,065         146,477,088   
     

 

 

  
   $ 834,519,826   
     

 

 

  

Specialty Retail — 3.6%

  

Sally Beauty Holdings, Inc.(1)(2)

      9,366,025       $ 275,454,795   
     

 

 

  
   $ 275,454,795   
     

 

 

  

Textiles, Apparel & Luxury Goods — 1.5%

  

Columbia Sportswear Co.

      1,982,366       $ 114,065,340   
     

 

 

  
   $ 114,065,340   
     

 

 

  

Total Common Stocks
(identified cost $4,867,382,471)

   

    $ 7,205,960,559   
     

 

 

  

Short-Term Investments — 5.4%

  

Description    Interest
(000’s omitted)		      Value  

Eaton Vance Cash Reserves Fund, LLC, 0.52%(3)

    $ 411,170       $ 411,170,092   
     

 

 

  

Total Short-Term Investments
(identified cost $411,170,092)

   

    $ 411,170,092   
     

 

 

  

Total Investments — 100.5%
(identified cost $5,278,552,563)

       $ 7,617,130,651   
     

 

 

  

Other Assets, Less Liabilities — (0.5)%

       $ (40,704,319 ) 
     

 

 

  

Net Assets — 100.0%

       $ 7,576,426,332   
     

 

 

  

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

 

(1) Affiliated company.

 

(2) Non-income producing security.

 

(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 June 30, 2016. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended June 30, 2016 was $1,129,686.

The Portfolio did not have any open financial instruments at June 30, 2016.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at June 30, 2016, as determined on a federal income tax basis, were as follows:

 

Aggregate cost

    $     5,282,688,154   
  

 

 

  

Gross unrealized appreciation

    $ 2,413,852,145   

Gross unrealized depreciation

      (79,409,648 ) 
  

 

 

  

Net unrealized appreciation

    $ 2,334,442,497   
  

 

 

  

 

3

 

 

Investments in Affiliated Companies

Transactions in affiliated companies, defined as companies in which a fund owns 5% or more of the outstanding voting securities, by the Portfolio for the fiscal year to date ended June 30, 2016 were as follows:

 

    

Shares,
beginning
of period

    Gross
additions		      Gross
reductions		     Shares, end
of period		      Value,
end of period		     Dividend
income		      Realized
gain (loss)		  
Blackbaud, Inc.    2,632,033      269,520         (23,034 )      2,878,519       $ 195,451,440      $ 942,004       $ 1,078,188   
CLARCOR, Inc.    2,033,677      489,483         (21,026 )      2,502,134         152,204,811        1,495,316         128,162   
Fair Isaac Corp.    2,065,007      63,413         (311,568 )      1,816,852         205,322,445        122,232         15,802,549   
Morningstar, Inc.    2,824,466      —         (807,239 )      2,017,227         — (1)      1,425,599         5,414,742   
Sally Beauty Holdings, Inc.    7,644,097      1,789,072         (67,144 )      9,366,025         275,454,795        —         1,468,515   
Westamerica Bancorporation    —      1,440,989         (7,978 )      1,433,011         70,590,122        1,117,749         2   
             

 

 

    

 

 

     

 

 

  
              $     899,023,613      $     5,102,900       $     23,892,158   
             

 

 

    

 

 

     

 

 

  

 

(1) Company is no longer an affiliate as of June 30, 2016.

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 June 30, 2016, 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

    $ 7,205,960,559 *     $ —       $ —       $ 7,205,960,559   

Short-Term Investments

      —         411,170,092         —         411,170,092   

Total Investments

    $     7,205,960,559       $     411,170,092       $     —       $     7,617,130,651   

 

* The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

The Portfolio held no investments or other financial instruments as of September 30, 2015 whose fair value was determined using Level 3 inputs. At June 30, 2016, 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.

 

4

 

 

Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Eaton Vance Growth Trust

 

By:   /s/ Payson F. Swaffield
  Payson F. Swaffield
  President
Date:   August 22, 2016

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:   August 22, 2016

 

By:   /s/ James F. Kirchner
  James F. Kirchner
  Treasurer
Date:   August 22, 2016