N-Q 1 d529546dnq.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

December 31, 2017

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 SMID-Cap Fund

December 31, 2017 (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 December 31, 2017, the value of the Fund’s investment in the Portfolio was $11,287,897,277 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

December 31, 2017

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 95.5%

 

                                                 
Security    Shares      Value  

Banks — 2.2%

      

Umpqua Holdings Corp.

      7,684,678      $ 159,841,302  

Westamerica Bancorporation(1)

      1,433,011        85,335,805  
     

 

 

  
      $ 245,177,107  
     

 

 

  

Building Products — 2.4%

      

Lennox International, Inc.

      1,282,970      $ 267,191,332  
     

 

 

  
      $ 267,191,332  
     

 

 

  

Capital Markets — 10.1%

      

Affiliated Managers Group, Inc.

      1,475,181      $ 302,780,900  

Artisan Partners Asset Management, Inc., Class A

      1,326,774        52,407,573  

FactSet Research Systems, Inc.

      932,778        179,802,288  

Morningstar, Inc.

      2,017,227        195,610,502  

SEI Investments Co.

      5,661,765        406,854,433  
     

 

 

  
      $ 1,137,455,696  
     

 

 

  

Chemicals — 0.9%

      

RPM International, Inc.

      2,046,501      $ 107,277,582  
     

 

 

  
      $ 107,277,582  
     

 

 

  

Commercial Services & Supplies — 1.5%

      

Copart, Inc.(2)

      3,993,178      $ 172,465,358  
     

 

 

  
      $ 172,465,358  
     

 

 

  

Containers & Packaging — 1.8%

      

AptarGroup, Inc.

      2,429,186      $ 209,590,168  
     

 

 

  
      $ 209,590,168  
     

 

 

  

Diversified Consumer Services — 2.0%

      

ServiceMaster Global Holdings, Inc.(2)

      4,311,196      $ 221,035,019  
     

 

 

  
      $ 221,035,019  
     

 

 

  

Electrical Equipment — 2.3%

      

Acuity Brands, Inc.

      1,484,599      $ 261,289,424  
     

 

 

  
      $ 261,289,424  
     

 

 

  

Electronic Equipment, Instruments & Components — 5.5%

      

CDW Corp.

      4,380,378      $ 304,392,467  

FLIR Systems, Inc.

      3,059,140        142,617,107  

Trimble, Inc.(2)

      4,211,615        171,160,034  
     

 

 

  
      $ 618,169,608  
     

 

 

  

Health Care Equipment & Supplies — 6.7%

      

Dentsply Sirona, Inc.

      3,279,655      $ 215,899,689  

Teleflex, Inc.

      1,761,486        438,292,947  

Varian Medical Systems, Inc.(2)

      958,709        106,560,505  
     

 

 

  
   $ 760,753,141  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Health Care Providers & Services — 0.8%

      

Henry Schein, Inc.(2)

      1,313,744      $ 91,804,431  
     

 

 

  
      $ 91,804,431  
     

 

 

  

Hotels, Restaurants & Leisure — 2.9%

      

Aramark

      7,554,305      $ 322,870,996  
     

 

 

  
      $ 322,870,996  
     

 

 

  

Household Products — 1.5%

      

Church & Dwight Co., Inc.

      3,481,317      $ 174,657,674  
     

 

 

  
      $ 174,657,674  
     

 

 

  

Industrial Conglomerates — 2.4%

      

Carlisle Cos., Inc.

      2,436,441      $ 276,901,520  
     

 

 

  
      $ 276,901,520  
     

 

 

  

Insurance — 6.5%

      

Markel Corp.(2)

      389,386      $ 443,561,274  

WR Berkley Corp.

      3,984,530        285,491,575  
     

 

 

  
      $ 729,052,849  
     

 

 

  

IT Services — 8.7%

      

Broadridge Financial Solutions, Inc.

      2,156,042      $ 195,294,284  

Gartner, Inc.(2)

      1,855,238        228,472,560  

Jack Henry & Associates, Inc.

      2,148,409        251,277,917  

WEX, Inc.(2)

      2,145,428        302,998,796  
     

 

 

  
      $ 978,043,557  
     

 

 

  

Life Sciences Tools & Services — 4.1%

      

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

      1,231,302      $ 293,874,848  

Bio-Techne Corp.

      1,301,680        168,632,644  
     

 

 

  
      $ 462,507,492  
     

 

 

  

Machinery — 7.1%

      

Donaldson Co., Inc.

      2,869,290      $ 140,451,746  

Graco, Inc.

      3,257,829        147,319,027  

IDEX Corp.

      2,180,715        287,788,959  

Nordson Corp.

      1,525,128        223,278,739  
     

 

 

  
      $ 798,838,471  
     

 

 

  

Marine — 1.9%

      

Kirby Corp.(1)(2)

      3,155,908      $ 210,814,654  
     

 

 

  
      $ 210,814,654  
     

 

 

  

Professional Services — 3.4%

      

TransUnion(2)

      6,942,544      $ 381,562,218  
     

 

 

  
      $ 381,562,218  
     

 

 

  

Real Estate Management & Development — 1.7%

      

Jones Lang LaSalle, Inc.

      1,306,040      $ 194,508,537  
     

 

 

  
      $ 194,508,537  
     

 

 

  

Road & Rail — 4.6%

      

J.B. Hunt Transport Services, Inc.

      2,969,083      $ 341,385,163  

Landstar System, Inc.

      1,678,518        174,733,724  
     

 

 

  
      $ 516,118,887  
     

 

 

  

 

2

 

 

                                                 
Security    Shares      Value  

Software — 11.4%

      

ANSYS, Inc.(2)

      3,261,984      $ 481,436,218  

Blackbaud, Inc.(1)

      2,970,536        280,685,947  

Fair Isaac Corp.(1)

      1,813,604        277,844,133  

Manhattan Associates, Inc.(1)(2)

      5,017,586        248,571,210  
     

 

 

  
      $ 1,288,537,508  
     

 

 

  

Specialty Retail — 1.5%

      

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

      9,366,025      $ 175,706,629  
     

 

 

  
      $ 175,706,629  
     

 

 

  

Textiles, Apparel & Luxury Goods — 1.6%

      

Columbia Sportswear Co.

      2,448,467      $ 175,995,808  
     

 

 

  
      $ 175,995,808  
     

 

 

  

Total Common Stocks
(identified cost $6,531,252,743)

       $ 10,778,325,666  
     

 

 

  

Short-Term Investments — 4.5%

      
Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 1.50%(3)

      512,121,388      $ 512,070,175  
     

 

 

  

Total Short-Term Investments
(identified cost $512,201,682)

       $ 512,070,175  
     

 

 

  

Total Investments — 100.0%
(identified cost $7,043,454,425)

       $ 11,290,395,841  
     

 

 

  

Other Assets, Less Liabilities — (0.0)%(4)

       $ (2,498,164 ) 
     

 

 

  

Net Assets — 100.0%

       $ 11,287,897,677  
     

 

 

  

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 December 31, 2017. Net income from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended December 31, 2017 was $2,028,195.

 

(4) Amount is less than (0.05)%.

The Portfolio did not have any open derivative instruments at December 31, 2017.

 

3

 

 

An affiliated company is a company in which a fund has a direct or indirect ownership of, control of, or voting power of 5 percent or more of the outstanding voting shares, or a company that is under common ownership or control with a fund. At December 31, 2017, the value of the Portfolio’s investment in affiliated companies was $1,278,958,378, which represents 11.3% of the Portfolio’s net assets. Transactions in affiliated companies by the Portfolio for the fiscal year to date ended December 31, 2017 were as follows:

 

Name of affiliated company

    Shares,
beginning
of period		     Gross
additions		     Gross
reductions		     Shares,
end of
period		     Value,
end of period		     Dividend
income		     Net
realized
gain
(loss)		     Change in
unrealized
appreciation
(depreciation)		  

Common stock*

                 

Bio-Rad Laboratories, Inc., Class A

      1,231,302       —       —       1,231,302     $ 293,874,848 (1)    $ —     $ —     $ 20,254,918  
Blackbaud, Inc.      2,878,519       92,017       —       2,970,536       280,685,947       356,464       —       18,698,179  
Fair Isaac Corp.      1,813,604       —       —       1,813,604       277,844,133       —       —       23,032,771  
Kirby Corp.      3,155,908       —       —       3,155,908       210,814,654       —       —       2,682,521  
Manhattan Associates, Inc.      5,017,586       —       —       5,017,586       248,571,210       —       —       39,990,160  
Sally Beauty Holdings, Inc.      9,366,025       —       —       9,366,025       175,706,629       —       —       (7,680,140 ) 
Westamerica Bancorporation      1,433,011       —       —       1,433,011       85,335,805       573,204       —       14,330  
WEX, Inc.      2,145,428       —       —       2,145,428       302,998,796 (1)      —       —       62,238,866  
            

 

 

    

 

 

    

 

 

  
             $     929,668     $     —     $     159,231,605  
            

 

 

    

 

 

    

 

 

  

 

* The related industry is the same as the presentation in the Portfolio of Investments.

 

(1) Company is no longer an affiliate as of December 31, 2017.

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 December 31, 2017, 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

    $ 10,778,325,666 *     $ —      $ —      $ 10,778,325,666  

Short-Term Investments

      —        512,070,175        —        512,070,175  

Total Investments

    $     10,778,325,666      $     512,070,175      $     —      $     11,290,395,841  

 

* 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, 2017 whose fair value was determined using Level 3 inputs. At December 31, 2017, 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

 

 

Eaton Vance

Atlanta Capital Focused Growth Fund

December 31, 2017

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 100.6%

 

                                                 
Security    Shares      Value  

Capital Markets — 6.1%

 

Charles Schwab Corp. (The)

      12,658      $ 650,242  

Intercontinental Exchange, Inc.

      14,806        1,044,711  
     

 

 

  
   $ 1,694,953  
     

 

 

  

Chemicals — 8.6%

 

Ecolab, Inc.

      9,730      $ 1,305,571  

Praxair, Inc.

      7,088        1,096,372  
     

 

 

  
   $ 2,401,943  
     

 

 

  

Electronic Equipment, Instruments & Components — 4.1%

 

Amphenol Corp., Class A

      12,847      $ 1,127,967  
     

 

 

  
   $ 1,127,967  
     

 

 

  

Energy Equipment & Services — 1.4%

 

Schlumberger, Ltd.

      5,777      $ 389,312  
     

 

 

  
   $ 389,312  
     

 

 

  

Food Products — 3.5%

 

Mondelez International, Inc., Class A

      22,891      $ 979,735  
     

 

 

  
   $ 979,735  
     

 

 

  

Health Care Equipment & Supplies — 5.6%

 

Danaher Corp.

      16,890      $ 1,567,730  
     

 

 

  
   $ 1,567,730  
     

 

 

  

Hotels, Restaurants & Leisure — 1.7%

 

Starbucks Corp.

      8,193      $ 470,524  
     

 

 

  
   $ 470,524  
     

 

 

  

Internet & Direct Marketing Retail — 3.1%

 

Priceline Group, Inc. (The)(1)

      494      $ 858,443  
     

 

 

  
   $ 858,443  
     

 

 

  

Internet Software & Services — 8.2%

 

Alphabet, Inc., Class C(1)

      2,174      $ 2,274,874  
     

 

 

  
   $ 2,274,874  
     

 

 

  

IT Services — 16.3%

 

Accenture PLC, Class A

      5,202      $ 796,374  

Mastercard, Inc., Class A

      7,457        1,128,691  

Visa, Inc., Class A

      22,694        2,587,570  
     

 

 

  
   $ 4,512,635  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Life Sciences Tools & Services — 6.1%

 

Thermo Fisher Scientific, Inc.

      8,876      $ 1,685,375  
     

 

 

  
   $ 1,685,375  
     

 

 

  

Machinery — 6.5%

 

Fortive Corp.

      12,658      $ 915,806  

IDEX Corp.

      6,684        882,088  
     

 

 

  
   $ 1,797,894  
     

 

 

  

Multiline Retail — 5.5%

 

Dollar General Corp.

      16,342      $ 1,519,969  
     

 

 

  
   $ 1,519,969  
     

 

 

  

Pharmaceuticals — 5.2%

 

Zoetis, Inc.

      19,998      $ 1,440,656  
     

 

 

  
   $ 1,440,656  
     

 

 

  

Semiconductors & Semiconductor Equipment — 2.2%

 

Texas Instruments, Inc.

      5,929      $ 619,225  
     

 

 

  
   $ 619,225  
     

 

 

  

Software — 11.7%

 

Check Point Software Technologies, Ltd.(1)

      10,421      $ 1,079,824  

Intuit, Inc.

      4,681        738,568  

Microsoft Corp.

      16,593        1,419,365  
     

 

 

  
   $ 3,237,757  
     

 

 

  

Specialty Retail — 4.8%

 

Lowe’s Cos., Inc.

      7,403      $ 688,035  

TJX Cos., Inc. (The)

      8,337        637,447  
     

 

 

  
   $ 1,325,482  
     

 

 

  

Total Common Stocks
(identified cost $16,753,741)

 

    $ 27,904,474  
     

 

 

  

Short-Term Investments — 2.9%

 

Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 1.50%(2)

      801,521      $ 801,440  
     

 

 

  

Total Short-Term Investments
(identified cost $801,520)

 

    $ 801,440  
     

 

 

  

Total Investments — 103.5%
(identified cost $17,555,261)

 

    $ 28,705,914  
     

 

 

  

Other Assets, Less Liabilities — (3.5)%

 

    $ (962,038 ) 
     

 

 

  

Net Assets — 100.0%

 

    $ 27,743,876  
     

 

 

  

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

 

2

 

 

(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 December 31, 2017. Net income from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended December 31, 2017 was $2,347.

The Fund did not have any open derivative instruments at December 31, 2017.

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 December 31, 2017, 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

    $ 27,904,474 *     $ —      $ —      $ 27,904,474  

Short-Term Investments

      —        801,440        —        801,440  

Total Investments

    $     27,904,474      $     801,440      $     —      $     28,705,914  

 

* 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, 2017 whose fair value was determined using Level 3 inputs. At December 31, 2017, 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

December 31, 2017

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 96.6%

 

                                                 
Security    Shares      Value  

Banks — 4.9%

      

U.S. Bancorp

      344,006      $ 18,431,841  
     

 

 

  
      $ 18,431,841  
     

 

 

  

Beverages — 3.4%

      

Diageo PLC ADR

      88,975      $ 12,993,019  
     

 

 

  
      $ 12,993,019  
     

 

 

  

Capital Markets — 4.1%

      

Affiliated Managers Group, Inc.

      76,244      $ 15,649,081  
     

 

 

  
      $ 15,649,081  
     

 

 

  

Chemicals — 6.5%

      

Praxair, Inc.

      84,068      $ 13,003,638  

Sherwin-Williams Co. (The)

      27,764        11,384,351  
     

 

 

  
      $ 24,387,989  
     

 

 

  

Containers & Packaging — 5.0%

      

Ball Corp.

      494,792      $ 18,727,877  
     

 

 

  
      $ 18,727,877  
     

 

 

  

Equity Real Estate Investment Trusts (REITs) — 2.0%

      

American Tower Corp.

      52,342      $ 7,467,633  
     

 

 

  
      $ 7,467,633  
     

 

 

  

Food Products — 2.0%

      

Nestle SA ADR

      88,909      $ 7,643,507  
     

 

 

  
      $ 7,643,507  
     

 

 

  

Health Care Equipment & Supplies — 11.5%

      

Danaher Corp.

      85,386      $ 7,925,529  

Dentsply Sirona, Inc.

      211,275        13,908,233  

STERIS PLC

      120,503        10,540,397  

Teleflex, Inc.

      44,156        10,986,896  
     

 

 

  
      $ 43,361,055  
     

 

 

  

Health Care Providers & Services — 2.3%

      

Henry Schein, Inc.(1)

      125,948      $ 8,801,246  
     

 

 

  
      $ 8,801,246  
     

 

 

  

Hotels, Restaurants & Leisure — 3.6%

      

Aramark

      319,950      $ 13,674,663  
     

 

 

  
      $ 13,674,663  
     

 

 

  

Insurance — 12.6%

      

Markel Corp.(1)

      26,995      $ 30,750,815  

White Mountains Insurance Group, Ltd.

      19,808        16,862,154  
     

 

 

  
      $ 47,612,969  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

IT Services — 13.5%

      

Alliance Data Systems Corp.

      35,601      $ 9,024,142  

Fiserv, Inc.(1)

      76,323        10,008,235  

Global Payments, Inc.

      75,964        7,614,631  

Mastercard, Inc., Class A

      54,165        8,198,415  

Visa, Inc., Class A

      141,367        16,118,665  
     

 

 

  
      $ 50,964,088  
     

 

 

  

Life Sciences Tools & Services — 3.2%

      

Thermo Fisher Scientific, Inc.

      63,329      $ 12,024,911  
     

 

 

  
      $ 12,024,911  
     

 

 

  

Machinery — 2.7%

      

Fortive Corp.

      141,801      $ 10,259,302  
     

 

 

  
      $ 10,259,302  
     

 

 

  

Professional Services — 2.2%

      

Verisk Analytics, Inc.(1)

      87,086      $ 8,360,256  
     

 

 

  
      $ 8,360,256  
     

 

 

  

Software — 6.2%

      

ANSYS, Inc.(1)

      110,570      $ 16,319,027  

Check Point Software Technologies, Ltd.(1)

      69,944        7,247,597  
     

 

 

  
      $ 23,566,624  
     

 

 

  

Specialty Retail — 10.9%

      

O’Reilly Automotive, Inc.(1)

      33,595      $ 8,080,941  

Ross Stores, Inc.

      182,804        14,670,021  

TJX Cos., Inc. (The)

      241,478        18,463,407  
     

 

 

  
      $ 41,214,369  
     

 

 

  

Total Common Stocks
(identified cost $277,791,457)

       $ 365,140,430  
     

 

 

  

Short-Term Investments — 3.4%

      
Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 1.50%(2)

      13,042,913      $ 13,041,609  
     

 

 

  

Total Short-Term Investments
(identified cost $13,044,228)

       $ 13,041,609  
     

 

 

  

Total Investments — 100.0%
(identified cost $290,835,685)

       $ 378,182,039  
     

 

 

  

Other Assets, Less Liabilities — (0.0)%(3)

       $ (74,027 ) 
     

 

 

  

Net Assets — 100.0%

       $ 378,108,012  
     

 

 

  

 

2

 

 

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 December 31, 2017. Net income from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended December 31, 2017 was $43,697.

 

(3) Amount is less than (0.05)%.

Abbreviations:

 

ADR

   -   American Depositary Receipt

The Fund did not have any open derivative instruments at December 31, 2017.

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 December 31, 2017, 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

    $ 365,140,430 *     $ —      $ —      $ 365,140,430  

Short-Term Investments

      —        13,041,609        —        13,041,609  

Total Investments

    $     365,140,430      $     13,041,609      $     —      $     378,182,039  

 

* 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, 2017 whose fair value was determined using Level 3 inputs. At December 31, 2017, 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

 

 

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.

Item 3. Exhibits

A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act is attached hereto.

 

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:   February 22, 2018

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:   February 22, 2018

 

By:   /s/ James F. Kirchner
  James F. Kirchner
  Treasurer
Date:   February 22, 2018