N-Q 1 d630764dnq.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)

November 30

Date of Fiscal Year End

August 31, 2018

Date of Reporting Period

 

 

 

Item 1. Schedule of Investments

Eaton Vance Focused Global Opportunities Fund

Eaton Vance Focused International Opportunities Fund

Eaton Vance International Small-Cap Fund

Eaton Vance

Focused Global Opportunities Fund

August 31, 2018

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 98.4%

 

                                                 
Security    Shares      Value  

Belgium — 3.8%

      

Anheuser-Busch InBev SA/NV

      1,880      $ 175,297  
     

 

 

  
      $ 175,297  
     

 

 

  

Denmark — 1.9%

      

Novo Nordisk A/S, Class B

      1,790      $ 88,115  
     

 

 

  
      $ 88,115  
     

 

 

  

France — 1.7%

      

LVMH Moet Hennessy Louis Vuitton SE

      221      $ 77,472  
     

 

 

  
      $ 77,472  
     

 

 

  

Germany — 3.3%

      

adidas AG

      617      $ 153,960  
     

 

 

  
      $ 153,960  
     

 

 

  

Hong Kong — 3.7%

      

AIA Group, Ltd.

      11,111      $ 95,935  

Samsonite International SA(1)

      18,596        75,279  
     

 

 

  
      $ 171,214  
     

 

 

  

Japan — 9.1%

      

Keyence Corp.

      174      $ 98,503  

Komatsu, Ltd.

      3,800        107,740  

MISUMI Group, Inc.

      2,878        74,153  

ORIX Corp.

      8,700        139,911  
     

 

 

  
      $ 420,307  
     

 

 

  

Netherlands — 4.9%

      

ASML Holding NV

      612      $ 125,139  

ING Groep NV

      7,416        100,737  
     

 

 

  
      $ 225,876  
     

 

 

  

Spain — 5.5%

      

Iberdrola SA

      20,831      $ 154,783  

Industria de Diseno Textil SA

      3,366        101,716  
     

 

 

  
      $ 256,499  
     

 

 

  

Sweden — 4.6%

      

Assa Abloy AB, Class B

      5,864      $ 119,582  

Atlas Copco AB, Class B

      3,565        94,284  
     

 

 

  
      $ 213,866  
     

 

 

  

United Kingdom — 14.8%

      

Aviva PLC

      18,076      $ 113,724  

Diageo PLC

      4,679        163,646  

Melrose Industries PLC

      38,596        111,704  

Prudential PLC

      5,317        119,551  

Shire PLC

      333        19,477  

Unilever PLC

      2,795        159,272  
     

 

 

  
      $ 687,374  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

United States — 45.1%

      

Activision Blizzard, Inc.

      1,602      $ 115,504  

Alphabet, Inc., Class A(2)

      163        200,783  

Amazon.com, Inc.(2)

      95        191,207  

Boston Scientific Corp.(2)

      2,962        105,329  

CDW Corp.

      1,119        97,980  

Ecolab, Inc.

      999        150,330  

Eli Lilly & Co.

      1,167        123,294  

Exxon Mobil Corp.

      3,203        256,785  

HP, Inc.

      5,022        123,792  

Microsoft Corp.

      1,742        195,679  

Verisk Analytics, Inc.(2)

      882        105,037  

Wells Fargo & Co.

      2,369        138,539  

Xylem, Inc.

      2,377        180,438  

Zoetis, Inc.

      1,140        103,284  
     

 

 

  
      $ 2,087,981  
     

 

 

  

Total Common Stocks
(identified cost $4,035,351)

       $ 4,557,961  
     

 

 

  

Short-Term Investments — 2.1%

      
Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 2.14%(3)

      98,606      $ 98,616  
     

 

 

  

Total Short-Term Investments
(identified cost $98,606)

       $ 98,616  
     

 

 

  

Total Investments — 100.5%
(identified cost $4,133,957)

       $ 4,656,577  
     

 

 

  

Other Assets, Less Liabilities — (0.5)%

       $ (24,797 ) 
     

 

 

  

Net Assets — 100.0%

       $ 4,631,780  
     

 

 

  

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

 

(1)

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At August 31, 2018, the aggregate value of these securities is $75,279 or 1.6% of the Fund’s net assets.

 

(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 August 31, 2018. Net income from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended August 31, 2018 was $1,091.

 

2

 

 

Sector Classification of Portfolio

 

                                                 
Sector   

Percentage of

Net Assets

     Value  

Information Technology

      20.7 %    $ 957,380  

Industrials

      17.1       792,938  

Financials

      15.3       708,397  

Consumer Discretionary

      13.0       599,634  

Consumer Staples

      10.8       498,215  

Health Care

      9.5       439,499  

Energy

      5.5       256,785  

Utilities

      3.3       154,783  

Materials

      3.2       150,330  

Short-Term Investments

      2.1       98,616  
  

 

 

    

 

 

  

Total Investments

      100.5 %    $ 4,656,577  
  

 

 

    

 

 

  

The Fund did not have any open derivative instruments at August 31, 2018.

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 August 31, 2018, 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            

Asia/Pacific

    $ —      $ 591,521      $ —      $ 591,521  

Developed Europe

      —        1,878,459        —        1,878,459  

North America

      2,087,981        —        —        2,087,981  

Total Common Stocks

    $ 2,087,981      $ 2,469,980 *     $ —      $ 4,557,961  

Short-Term Investments

    $ —      $ 98,616      $ —      $ 98,616  

Total Investments

    $     2,087,981      $     2,568,596      $     —      $     4,656,577  

 

*

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 or annual report to shareholders.

 

3

 

 

Eaton Vance

Focused International Opportunities Fund

August 31, 2018

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 99.0%

 

                                                 
Security    Shares      Value  

Belgium — 4.4%

      

Anheuser-Busch InBev SA/NV

      1,902      $ 177,348  
     

 

 

  
      $ 177,348  
     

 

 

  

Canada — 5.1%

      

CAE, Inc.

      4,537      $ 90,566  

Canadian Imperial Bank of Commerce

      1,230        115,272  
     

 

 

  
      $ 205,838  
     

 

 

  

Denmark — 3.6%

      

Novo Nordisk A/S, Class B

      2,975      $ 146,448  
     

 

 

  
      $ 146,448  
     

 

 

  

France — 9.4%

      

Legrand SA

      1,491      $ 112,338  

LVMH Moet Hennessy Louis Vuitton SE

      503        176,327  

Societe Generale SA

      2,198        90,002  
     

 

 

  
      $ 378,667  
     

 

 

  

Germany — 8.2%

      

adidas AG

      856      $ 213,597  

Bayer AG

      1,259        117,496  
     

 

 

  
      $ 331,093  
     

 

 

  

Hong Kong — 4.3%

      

AIA Group, Ltd.

      12,106      $ 104,526  

Samsonite International SA(1)

      16,725        67,705  
     

 

 

  
      $ 172,231  
     

 

 

  

Italy — 1.6%

      

UniCredit SpA

      4,435      $ 64,105  
     

 

 

  
      $ 64,105  
     

 

 

  

Japan — 14.2%

      

Keyence Corp.

      244      $ 138,130  

Komatsu, Ltd.

      4,587        130,054  

MISUMI Group, Inc.

      3,603        92,834  

ORIX Corp.

      8,090        130,101  

Santen Pharmaceutical Co., Ltd.

      5,574        85,839  
     

 

 

  
      $ 576,958  
     

 

 

  

Netherlands — 7.3%

      

ASML Holding NV

      900      $ 184,028  

ING Groep NV

      8,278        112,446  
     

 

 

  
      $ 296,474  
     

 

 

  

Singapore — 1.7%

      

DBS Group Holdings, Ltd.

      3,849      $ 69,971  
     

 

 

  
      $ 69,971  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Spain — 8.0%

      

Iberdrola SA

      22,383      $ 166,315  

Industria de Diseno Textil SA

      5,255        158,799  
     

 

 

  
      $ 325,114  
     

 

 

  

Sweden — 6.8%

      

Assa Abloy AB, Class B

      7,136      $ 145,522  

Atlas Copco AB, Class B

      4,956        131,072  
     

 

 

  
      $ 276,594  
     

 

 

  

United Kingdom — 24.4%

      

Aviva PLC

      16,757      $ 105,425  

BP PLC

      32,781        233,439  

Diageo PLC

      5,329        186,379  

Melrose Industries PLC

      45,189        130,785  

Prudential PLC

      4,819        108,354  

Shire PLC

      445        26,028  

Unilever PLC

      3,500        199,447  
     

 

 

  
      $ 989,857  
     

 

 

  

Total Common Stocks
(identified cost $3,744,646)

       $ 4,010,698  
     

 

 

  

Short-Term Investments — 1.6%

      
Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 2.14%(2)

      67,256      $ 67,263  
     

 

 

  

Total Short-Term Investments
(identified cost $67,256)

       $ 67,263  
     

 

 

  

Total Investments — 100.6%
(identified cost $3,811,902)

       $ 4,077,961  
     

 

 

  

Other Assets, Less Liabilities — (0.6)%

       $ (25,307 ) 
     

 

 

  

Net Assets — 100.0%

       $ 4,052,654  
     

 

 

  

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

 

(1)

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At August 31, 2018, the aggregate value of these securities is $67,705 or 1.7% of the Fund’s net assets.

 

(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 August 31, 2018. Net income from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended August 31, 2018 was $868.

 

2

 

 

Sector Classification of Portfolio

 

                                                 
Sector    Percentage of
Net Assets		     Value  

Financials

      22.2 %    $ 900,202  

Industrials

      20.6       833,171  

Consumer Discretionary

      15.2       616,428  

Consumer Staples

      13.9       563,174  

Health Care

      9.3       375,811  

Information Technology

      7.9       322,158  

Energy

      5.8       233,439  

Utilities

      4.1       166,315  

Short-Term Investments

      1.6       67,263  
  

 

 

    

 

 

  

Total Investments

      100.6 %    $ 4,077,961  
  

 

 

    

 

 

  

The Fund did not have any open derivative instruments at August 31, 2018.

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 August 31, 2018, 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            

Asia/Pacific

    $ —      $ 819,160      $ —      $ 819,160  

Developed Europe

      —        2,985,700        —        2,985,700  

North America

      205,838        —        —        205,838  

Total Common Stocks

    $ 205,838      $ 3,804,860 *     $ —      $ 4,010,698  

Short-Term Investments

    $ —      $ 67,263      $ —      $ 67,263  

Total Investments

    $     205,838      $     3,872,123      $     —      $     4,077,961  

 

*

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 or annual report to shareholders.

 

3

 

 

Eaton Vance

International Small-Cap Fund

August 31, 2018

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 98.3%

 

                                                 
Security    Shares      Value  

Australia — 4.1%

      

Challenger, Ltd.

      44,143      $ 344,080  

Evolution Mining, Ltd.

      45,337        85,697  

GDI Property Group

      256,069        233,669  

IOOF Holdings, Ltd.

      28,895        174,840  

National Storage REIT

      136,517        166,437  

Northern Star Resources, Ltd.

      20,040        99,175  

OZ Minerals, Ltd.

      12,193        79,277  

Regis Resources, Ltd.

      24,893        74,876  

Saracen Mineral Holdings, Ltd.(1)

      46,231        62,519  

Super Retail Group, Ltd.

      21,421        144,118  
     

 

 

  
      $ 1,464,688  
     

 

 

  

Austria — 1.6%

      

ams AG

      2,011      $ 159,377  

CA Immobilien Anlagen AG

      11,251        413,137  
     

 

 

  
      $ 572,514  
     

 

 

  

Belgium — 1.7%

      

Kinepolis Group NV

      3,322      $ 214,476  

Melexis NV

      2,661        238,626  

X-Fab Silicon Foundries SE(1)(2)

      14,813        144,312  
     

 

 

  
      $ 597,414  
     

 

 

  

Canada — 8.5%

      

Allied Properties REIT

      5,348      $ 178,636  

CAE, Inc.

      18,223        363,762  

CES Energy Solutions Corp.

      70,064        257,170  

Detour Gold Corp.(1)

      8,900        72,700  

Encana Corp.

      13,180        174,521  

Killam Apartment Real Estate Investment Trust

      15,303        186,099  

Kinaxis, Inc.(1)

      4,847        365,735  

Kirkland Lake Gold, Ltd.

      5,538        103,503  

Laurentian Bank of Canada

      8,067        287,568  

Linamar Corp.

      3,479        152,969  

Lundin Mining Corp.

      10,328        49,226  

North West Co., Inc. (The)

      9,352        206,891  

Pan American Silver Corp.

      4,732        73,935  

Quebecor, Inc., Class B

      17,182        346,010  

Seven Generations Energy, Ltd., Class A(1)

      18,232        214,593  
     

 

 

  
      $ 3,033,318  
     

 

 

  

China — 1.2%

      

CITIC Telecom International Holdings, Ltd.

      803,381      $ 245,780  

Yanlord Land Group, Ltd.

      165,705        183,616  
     

 

 

  
      $ 429,396  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Denmark — 1.4%

      

SimCorp A/S

      3,333      $ 315,698  

Topdanmark A/S

      4,668        200,372  
     

 

 

  
      $ 516,070  
     

 

 

  

Finland — 1.5%

      

Amer Sports Oyj

      15,879      $ 533,815  
     

 

 

  
      $ 533,815  
     

 

 

  

France — 2.7%

      

Mediawan SA(1)

      9,741      $ 160,162  

Metropole Television SA

      14,372        284,550  

Nexity SA

      3,326        203,257  

Rubis SCA

      5,451        323,047  
     

 

 

  
      $ 971,016  
     

 

 

  

Germany — 8.1%

      

Axel Springer SE

      3,470      $ 252,088  

Basler AG

      713        153,136  

Bechtle AG

      2,157        224,646  

Brenntag AG

      7,681        463,000  

Carl Zeiss Meditec AG

      4,223        373,824  

Freenet AG

      4,840        128,687  

Fuchs Petrolub SE

      6,063        325,590  

LEG Immobilien AG

      1,870        228,178  

Norma Group SE

      5,702        378,075  

Rational AG

      341        271,962  

Salzgitter AG

      1,900        86,051  
     

 

 

  
      $ 2,885,237  
     

 

 

  

Hong Kong — 1.8%

      

Hysan Development Co., Ltd.

      70,333      $ 360,900  

Johnson Electric Holdings, Ltd.

      93,621        274,514  
     

 

 

  
      $ 635,414  
     

 

 

  

Ireland — 0.8%

      

UDG Healthcare PLC

      28,596      $ 273,490  
     

 

 

  
      $ 273,490  
     

 

 

  

Italy — 5.5%

      

Amplifon SpA

      17,270      $ 371,979  

Banca Generali SpA

      12,550        308,502  

DiaSorin SpA

      3,435        374,307  

FinecoBank Banca Fineco SpA

      26,689        318,159  

MARR SpA

      15,252        428,592  

Moncler SpA

      3,212        145,344  
     

 

 

  
      $ 1,946,883  
     

 

 

  

Japan — 27.0%

      

77 Bank, Ltd. (The)

      15,631      $ 364,129  

Ariake Japan Co., Ltd.

      3,840        345,283  

Asahi Co., Ltd.

      34,060        441,735  

Asahi Intecc Co., Ltd.

      7,790        296,655  

Asics Corp.

      17,130        256,082  

Daiichikosho Co., Ltd.

      8,771        405,662  

Dowa Holdings Co., Ltd.

      3,995        119,429  

Eiken Chemical Co., Ltd.

      15,385        318,586  

 

2

 

 

                                                 
Security    Shares      Value  

FP Corp.

      5,317      $ 299,394  

Fuji Seal International, Inc.

      7,600        267,819  

GLP J-REIT

      252        252,404  

GMO Internet, Inc.

      5,490        94,815  

H.I.S. Co., Ltd.

      9,380        307,835  

Invesco Office J REIT, Inc.

      1,567        225,675  

Japan Hotel REIT Investment Corp.

      376        284,883  

Like Co., Ltd.

      10,075        145,071  

Morinaga & Co., Ltd.

      6,790        263,877  

Nippon Light Metal Holdings Co., Ltd.

      36,125        79,589  

Nishi-Nippon Financial Holdings, Inc.

      24,945        290,126  

Nohmi Bosai, Ltd.

      22,260        471,102  

Nomura Co., Ltd.

      14,300        285,615  

Okamura Corp.

      28,480        388,161  

OYO Corp.

      21,955        277,322  

Penta-Ocean Construction Co., Ltd.

      47,505        278,639  

Press Kogyo Co., Ltd.

      52,150        273,090  

Relia, Inc.

      13,355        173,807  

Sac’s Bar Holdings, Inc.

      19,920        158,651  

Sakata INX Corp.

      10,364        137,784  

Sakata Seed Corp.

      7,555        261,386  

Sanden Holdings Corp.(1)

      20,430        268,164  

Sumco Corp.

      10,611        189,525  

Toho Co., Ltd.

      7,987        245,121  

Tokyo Century Corp.

      5,755        318,035  

Tosei Corp.

      22,944        220,741  

UACJ Corp.

      995        22,622  

Yamaha Corp.

      5,880        280,667  

Yokohama Reito Co., Ltd.

      33,655        273,968  
     

 

 

  
      $ 9,583,449  
     

 

 

  

Luxembourg — 0.2%

      

APERAM SA

      1,942      $ 87,375  
     

 

 

  
      $ 87,375  
     

 

 

  

Netherlands — 4.3%

      

Aalberts Industries NV

      8,184      $ 351,354  

GrandVision NV(2)

      11,911        292,852  

IMCD NV

      7,739        579,399  

NSI NV

      7,155        293,195  
     

 

 

  
      $ 1,516,800  
     

 

 

  

Norway — 0.6%

      

SpareBank 1 SR-Bank ASA

      20,229      $ 228,255  
     

 

 

  
      $ 228,255  
     

 

 

  

Singapore — 0.7%

      

Keppel REIT

      268,280      $ 232,335  
     

 

 

  
      $ 232,335  
     

 

 

  

Spain — 0.6%

      

Acciona SA

      2,236      $ 196,688  
     

 

 

  
      $ 196,688  
     

 

 

  

Sweden — 5.2%

      

Avanza Bank Holding AB

      3,697      $ 167,822  

Boliden AB

      3,201        83,824  

 

3

 

 

                                                 
Security    Shares      Value  

Bufab AB

      17,491      $ 205,805  

Husqvarna AB, Class B

      35,493        282,217  

Indutrade AB

      20,594        519,846  

SSAB AB, Class B

      23,248        81,226  

Trelleborg AB, Class B

      25,464        497,657  
     

 

 

  
      $ 1,838,397  
     

 

 

  

Switzerland — 5.4%

      

Belimo Holding AG

      50      $ 254,534  

Bossard Holding AG, Class A

      1,710        353,051  

Cembra Money Bank AG

      3,410        319,188  

Galenica AG(1)(2)

      5,512        326,835  

Logitech International SA

      7,021        346,294  

VZ Holding AG

      1,045        323,410  
     

 

 

  
      $ 1,923,312  
     

 

 

  

United Kingdom — 14.7%

      

Abcam PLC

      13,748      $ 270,521  

Bellway PLC

      5,506        208,590  

Bodycote PLC

      25,666        316,421  

Cairn Energy PLC(1)

      124,691        387,092  

Dechra Pharmaceuticals PLC

      9,059        367,355  

DS Smith PLC

      86,856        557,397  

Grainger PLC

      72,525        289,259  

Halma PLC

      24,573        456,813  

Hansteen Holdings PLC

      119,098        154,319  

Hastings Group Holdings PLC(2)

      49,580        173,438  

Hiscox, Ltd.

      21,627        473,128  

Inchcape PLC

      25,803        231,801  

Melrose Industries PLC

      175,049        506,625  

Sirius Real Estate, Ltd.

      244,642        184,065  

St. James’s Place PLC

      15,190        223,198  

Weir Group PLC (The)

      5,848        142,289  

WH Smith PLC

      9,961        266,943  
     

 

 

  
      $ 5,209,254  
     

 

 

  

United States — 0.7%

      

Oceaneering International, Inc.

      8,883      $ 251,122  
     

 

 

  
      $ 251,122  
     

 

 

  

Total Common Stocks
(identified cost $32,907,331)

       $ 34,926,242  
     

 

 

  

Exchange-Traded Funds — 1.1%

      
Security    Shares      Value  

Equity Funds — 1.1%

      

iShares MSCI Hong Kong ETF

      13,765      $ 332,425  

iShares MSCI Singapore ETF

      2,646        62,975  
     

 

 

  

Total Exchange-Traded Funds
(identified cost $408,805)

       $ 395,400  
     

 

 

  

 

4

 

 

                                                 

Rights — 0.0%(3)

      
Security    Shares      Value  

Australia — 0.0%(3)

      

National Storage REIT, Exp. 9/7/18(1)

      18,448      $ 464  
     

 

 

  

Total Rights
(identified cost $0)

       $ 464  
     

 

 

  

Short-Term Investments — 0.5%

      
Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 2.14%(4)

      185,760      $ 185,778  
     

 

 

  

Total Short-Term Investments
(identified cost $185,778)

       $ 185,778  
     

 

 

  

Total Investments — 99.9%
(identified cost $33,501,914)

       $ 35,507,884  
     

 

 

  

Other Assets, Less Liabilities — 0.1%

       $ 27,563  
     

 

 

  

Net Assets — 100.0%

       $ 35,535,447  
     

 

 

  

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

 

(1)

Non-income producing security.

 

(2)

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At August 31, 2018, the aggregate value of these securities is $937,437 or 2.6% of the Fund’s net assets.

 

(3)

Amount is less than 0.05%.

 

(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 August 31, 2018. Net income from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended August 31, 2018 was $8,337.

Sector Classification of Portfolio

 

                                                 
Sector    Percentage of
Net Assets		     Value  

Industrials

      19.8 %    $ 7,026,909  

Consumer Discretionary

      17.3       6,152,942  

Financials

      12.7       4,514,250  

Real Estate

      12.1       4,291,269  

Information Technology

      8.9       3,160,079  

Health Care

      8.4       2,973,552  

Materials

      8.0       2,849,008  

Consumer Staples

      5.0       1,779,997  

Energy

      3.6       1,284,498  

Utilities

      1.5       519,735  

 

5

 

 

                                                 
Sector    Percentage of
Net Assets		     Value  

Exchange-Traded Funds

      1.1 %    $ 395,400  

Telecommunication Services

      1.0       374,467  

Short-Term Investments

      0.5       185,778  
  

 

 

    

 

 

  

Total Investments

      99.9 %    $     35,507,884  
  

 

 

    

 

 

  

The Fund did not have any open derivative instruments at August 31, 2018.

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 August 31, 2018, 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

            

Asia/Pacific

    $ —      $ 12,345,282      $ —      $ 12,345,282  

Developed Europe

      —        19,296,520        —        19,296,520  

North America

      3,284,440        —        —        3,284,440  

Total Common Stocks

    $ 3,284,440      $ 31,641,802 *     $ —      $ 34,926,242  

Exchange-Traded Funds

    $ 395,400      $ —      $ —      $ 395,400  

Rights

      464        —        —        464  

Short-Term Investments

      —        185,778        —        185,778  

Total Investments

    $     3,680,304      $     31,827,580      $     —      $     35,507,884  

 

*

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 or annual report to shareholders.

 

6

 

 

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:   October 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:   October 22, 2018

 

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