N-Q 1 d702850dnq.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, 2018

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

December 31, 2018

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 92.2%

 

                                                 
Security    Shares      Value  

Capital Markets — 4.9%

      

Charles Schwab Corp. (The)

      12,059      $ 500,810  

Intercontinental Exchange, Inc.

      14,105        1,062,530  
     

 

 

  
      $ 1,563,340  
     

 

 

  

Chemicals — 9.7%

      

Ecolab, Inc.

      10,767      $ 1,586,517  

Linde PLC

      9,714        1,515,773  
     

 

 

  
      $ 3,102,290  
     

 

 

  

Electronic Equipment, Instruments & Components — 3.1%

      

Amphenol Corp., Class A

      12,239      $ 991,604  
     

 

 

  
      $ 991,604  
     

 

 

  

Energy Equipment & Services — 0.6%

      

Schlumberger, Ltd.

      5,503      $ 198,548  
     

 

 

  
      $ 198,548  
     

 

 

  

Equity Real Estate Investment Trusts (REITs) — 4.4%

      

American Tower Corp.

      8,850      $ 1,399,981  
     

 

 

  
      $ 1,399,981  
     

 

 

  

Food Products — 2.7%

      

Mondelez International, Inc., Class A

      21,807      $ 872,934  
     

 

 

  
      $ 872,934  
     

 

 

  

Health Care Equipment & Supplies — 5.2%

      

Danaher Corp.

      16,090      $ 1,659,201  
     

 

 

  
      $ 1,659,201  
     

 

 

  

Hotels, Restaurants & Leisure — 1.6%

      

Starbucks Corp.

      7,805      $ 502,642  
     

 

 

  
      $ 502,642  
     

 

 

  

Insurance — 2.9%

      

Marsh & McLennan Cos., Inc.

      11,546      $ 920,794  
     

 

 

  
      $ 920,794  
     

 

 

  

Interactive Media & Services — 9.4%

      

Alphabet, Inc., Class C(1)

      2,071      $ 2,144,748  

Facebook, Inc., Class A(1)

      6,575        861,917  
     

 

 

  
      $ 3,006,665  
     

 

 

  

IT Services — 12.8%

      

Accenture PLC, Class A

      3,817      $ 538,235  

Mastercard, Inc., Class A

      6,316        1,191,513  

Visa, Inc., Class A

      17,768        2,344,310  
     

 

 

  
      $ 4,074,058  
     

 

 

  

Life Sciences Tools & Services — 5.1%

      

Thermo Fisher Scientific, Inc.

      7,223      $ 1,616,435  
     

 

 

  
      $ 1,616,435  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Machinery — 4.1%

      

IDEX Corp.

      4,254      $ 537,110  

Xylem, Inc.

      11,423        762,143  
     

 

 

  
      $ 1,299,253  
     

 

 

  

Multiline Retail — 4.5%

      

Dollar General Corp.

      13,360      $ 1,443,949  
     

 

 

  
      $ 1,443,949  
     

 

 

  

Pharmaceuticals — 4.6%

      

Zoetis, Inc.

      17,340      $ 1,483,264  
     

 

 

  
      $ 1,483,264  
     

 

 

  

Professional Services — 2.3%

      

Verisk Analytics, Inc.(1)

      6,723      $ 733,076  
     

 

 

  
      $ 733,076  
     

 

 

  

Software — 12.1%

      

Check Point Software Technologies, Ltd.(1)

      11,272      $ 1,157,071  

Intuit, Inc.

      5,580        1,098,423  

Microsoft Corp.

      15,808        1,605,618  
     

 

 

  
      $ 3,861,112  
     

 

 

  

Specialty Retail — 2.2%

      

TJX Cos., Inc. (The)

      15,885      $ 710,695  
     

 

 

  
      $ 710,695  
     

 

 

  

Total Common Stocks
(identified cost $21,204,090)

       $ 29,439,841  
     

 

 

  

Short-Term Investments — 6.0%

      
Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 2.46%(2)

      1,909,749      $ 1,909,558  
     

 

 

  

Total Short-Term Investments
(identified cost $1,909,416)

       $ 1,909,558  
     

 

 

  

Total Investments — 98.2%
(identified cost $23,113,506)

       $ 31,349,399  
     

 

 

  

Other Assets, Less Liabilities — 1.8%

       $ 570,269  
     

 

 

  

Net Assets — 100.0%

       $ 31,919,668  
     

 

 

  

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, 2018. Net income from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended December 31, 2018 was $7,742.

 

2

 

 

The Fund did not have any open derivative instruments at December 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 December 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

    $ 29,439,841 *     $ —      $ —      $ 29,439,841  

Short-Term Investments

      —        1,909,558        —        1,909,558  

Total Investments

    $     29,439,841      $     1,909,558      $     —      $     31,349,399  

 

*

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

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, 2018

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 93.9%

 

                                                 
Security    Shares      Value  

Banks — 5.1%

      

U.S. Bancorp

      387,871      $ 17,725,705  
     

 

 

  
      $ 17,725,705  
     

 

 

  

Beverages — 3.1%

      

Diageo PLC ADR

      77,488      $ 10,987,798  
     

 

 

  
      $ 10,987,798  
     

 

 

  

Capital Markets — 2.1%

      

Affiliated Managers Group, Inc.

      76,244      $ 7,429,215  
     

 

 

  
      $ 7,429,215  
     

 

 

  

Chemicals — 3.1%

      

Sherwin-Williams Co. (The)

      27,764      $ 10,924,023  
     

 

 

  
      $ 10,924,023  
     

 

 

  

Containers & Packaging — 7.3%

      

Ball Corp.

      554,066      $ 25,475,955  
     

 

 

  
      $ 25,475,955  
     

 

 

  

Equity Real Estate Investment Trusts (REITs) — 2.7%

      

American Tower Corp.

      59,620      $ 9,431,288  
     

 

 

  
      $ 9,431,288  
     

 

 

  

Food Products — 2.1%

      

Nestle SA ADR

      88,909      $ 7,198,073  
     

 

 

  
      $ 7,198,073  
     

 

 

  

Health Care Equipment & Supplies — 14.0%

      

Cooper Cos., Inc. (The)

      28,458      $ 7,242,561  

Danaher Corp.

      78,521        8,097,085  

Dentsply Sirona, Inc.

      211,275        7,861,543  

STERIS PLC

      95,626        10,217,638  

Teleflex, Inc.

      60,069        15,526,635  
     

 

 

  
      $ 48,945,462  
     

 

 

  

Health Care Providers & Services — 2.5%

      

Henry Schein, Inc.(1)

      109,406      $ 8,590,559  
     

 

 

  
      $ 8,590,559  
     

 

 

  

Hotels, Restaurants & Leisure — 2.6%

      

Aramark

      319,950      $ 9,268,952  
     

 

 

  
      $ 9,268,952  
     

 

 

  

Insurance — 8.0%

      

Markel Corp.(1)

      6,632      $ 6,884,348  

White Mountains Insurance Group, Ltd.

      24,782        21,255,273  
     

 

 

  
      $ 28,139,621  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

IT Services — 15.4%

      

Alliance Data Systems Corp.

      35,601      $ 5,342,998  

Fiserv, Inc.(1)

      138,855        10,204,454  

Global Payments, Inc.

      136,218        14,048,162  

Mastercard, Inc., Class A

      45,679        8,617,343  

Visa, Inc., Class A

      118,643        15,653,758  
     

 

 

  
      $ 53,866,715  
     

 

 

  

Life Sciences Tools & Services — 3.6%

      

Thermo Fisher Scientific, Inc.

      56,159      $ 12,567,823  
     

 

 

  
      $ 12,567,823  
     

 

 

  

Machinery — 2.0%

      

Fortive Corp.

      100,932      $ 6,829,059  
     

 

 

  
      $ 6,829,059  
     

 

 

  

Professional Services — 2.9%

      

Verisk Analytics, Inc.(1)

      91,572      $ 9,985,011  
     

 

 

  
      $ 9,985,011  
     

 

 

  

Software — 4.4%

      

ANSYS, Inc.(1)

      61,295      $ 8,761,507  

Check Point Software Technologies, Ltd.(1)

      64,266        6,596,905  
     

 

 

  
      $ 15,358,412  
     

 

 

  

Specialty Retail — 13.0%

      

O’Reilly Automotive, Inc.(1)

      29,458      $ 10,143,273  

Ross Stores, Inc.

      151,176        12,577,843  

TJX Cos., Inc. (The)

      508,068        22,730,963  
     

 

 

  
      $ 45,452,079  
     

 

 

  

Total Common Stocks
(identified cost $261,500,282)

       $ 328,175,750  
     

 

 

  

Short-Term Investments — 5.8%

      
Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 2.46%(2)

      20,328,338      $ 20,326,305  
     

 

 

  

Total Short-Term Investments
(identified cost $20,326,190)

       $ 20,326,305  
     

 

 

  

Total Investments — 99.7%
(identified cost $281,826,472)

                        $ 348,502,055  
     

 

 

  

Other Assets, Less Liabilities — 0.3%

       $ 909,745  
     

 

 

  

Net Assets — 100.0%

       $ 349,411,800  
     

 

 

  

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, 2018. Net income from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended December 31, 2018 was $96,622.

Abbreviations:

 

ADR   -   American Depositary Receipt

The Fund did not have any open derivative instruments at December 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 December 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

    $ 328,175,750 *     $ —      $ —      $ 328,175,750  

Short-Term Investments

      —        20,326,305        —        20,326,305  

Total Investments

    $     328,175,750      $     20,326,305      $     —      $     348,502,055  

 

*

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

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

December 31, 2018

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 98.7%

 

                                                 
Security    Shares      Value  

Banks — 3.6%

      

Prosperity Bancshares, Inc.

      2,369,668      $ 147,630,316  

Umpqua Holdings Corp.

      9,454,974        150,334,087  

Westamerica Bancorporation(1)

      1,433,011        79,790,053  
     

 

 

  
      $ 377,754,456  
     

 

 

  

Building Products — 3.0%

      

Lennox International, Inc.

      1,451,359      $ 317,644,431  
     

 

 

  
      $ 317,644,431  
     

 

 

  

Capital Markets — 5.6%

      

Affiliated Managers Group, Inc.

      926,442      $ 90,272,509  

FactSet Research Systems, Inc.

      721,579        144,409,605  

Morningstar, Inc.

      1,267,380        139,209,019  

SEI Investments Co.

      4,735,814        218,794,607  
     

 

 

  
      $ 592,685,740  
     

 

 

  

Chemicals — 2.8%

      

RPM International, Inc.

      2,810,656      $ 165,210,360  

Sensient Technologies Corp.(1)

      2,278,426        127,250,092  
     

 

 

  
      $ 292,460,452  
     

 

 

  

Commercial Services & Supplies — 1.7%

      

Copart, Inc.(2)

      3,782,683      $ 180,736,594  
     

 

 

  
      $ 180,736,594  
     

 

 

  

Containers & Packaging — 2.8%

      

AptarGroup, Inc.(1)

      3,162,641      $ 297,509,639  
     

 

 

  
      $ 297,509,639  
     

 

 

  

Distributors — 0.9%

      

Pool Corp.

      636,357      $ 94,594,468  
     

 

 

  
      $ 94,594,468  
     

 

 

  

Diversified Consumer Services — 5.3%

      

Frontdoor, Inc.(2)

      3,930,276      $ 104,584,644  

Service Corporation International

      2,001,513        80,580,914  

ServiceMaster Global Holdings, Inc.(1)(2)

      10,142,326        372,629,057  
     

 

 

  
      $ 557,794,615  
     

 

 

  

Electrical Equipment — 1.4%

      

Acuity Brands, Inc.

      1,274,781      $ 146,536,076  
     

 

 

  
      $ 146,536,076  
     

 

 

  

Electronic Equipment, Instruments & Components — 5.8%

      

CDW Corp.

      4,380,378      $ 355,029,637  

FLIR Systems, Inc.

      3,459,895        150,643,828  

Trimble, Inc.(2)

      3,110,244        102,358,130  
     

 

 

  
      $ 608,031,595  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Health Care Equipment & Supplies — 7.3%

      

Dentsply Sirona, Inc.

      3,279,655      $ 122,035,962  

Teleflex, Inc.

      2,073,752        536,023,417  

Varian Medical Systems, Inc.(2)

      958,709        108,631,317  
     

 

 

  
      $ 766,690,696  
     

 

 

  

Health Care Providers & Services — 3.7%

      

Henry Schein, Inc.(2)

      4,971,510      $ 390,362,965  
     

 

 

  
      $ 390,362,965  
     

 

 

  

Hotels, Restaurants & Leisure — 4.6%

      

Aramark

      11,454,790      $ 331,845,266  

Choice Hotels International, Inc.

      2,076,429        148,630,788  
     

 

 

  
      $ 480,476,054  
     

 

 

  

Household Products — 2.4%

      

Church & Dwight Co., Inc.

      3,791,043      $ 249,298,988  
     

 

 

  
      $ 249,298,988  
     

 

 

  

Industrial Conglomerates — 2.6%

      

Carlisle Cos., Inc.

      2,744,692      $ 275,896,440  
     

 

 

  
      $ 275,896,440  
     

 

 

  

Insurance — 7.1%

      

Markel Corp.(2)

      221,695      $ 230,130,495  

WR Berkley Corp.(1)

      7,063,375        522,054,046  
     

 

 

  
      $ 752,184,541  
     

 

 

  

IT Services — 7.0%

      

Broadridge Financial Solutions, Inc.

      1,463,349      $ 140,847,341  

Gartner, Inc.(2)

      1,394,385        178,258,178  

Jack Henry & Associates, Inc.

      1,150,529        145,564,929  

WEX, Inc.(2)

      1,928,176        270,060,331  
     

 

 

  
      $ 734,730,779  
     

 

 

  

Life Sciences Tools & Services — 3.0%

      

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

      636,514      $ 147,811,281  

Bio-Techne Corp.

      1,136,211        164,432,456  
     

 

 

  
      $ 312,243,737  
     

 

 

  

Machinery — 5.4%

      

Donaldson Co., Inc.

      2,241,179      $ 97,244,757  

Graco, Inc.

      2,864,807        119,892,173  

IDEX Corp.

      1,357,810        171,437,090  

Nordson Corp.

      1,525,128        182,024,027  
     

 

 

  
      $ 570,598,047  
     

 

 

  

Marine — 2.0%

      

Kirby Corp.(1)(2)

      3,155,908      $ 212,581,963  
     

 

 

  
      $ 212,581,963  
     

 

 

  

Professional Services — 4.0%

      

TransUnion

      7,467,629      $ 424,161,327  
     

 

 

  
      $ 424,161,327  
     

 

 

  

Real Estate Management & Development — 1.4%

      

Jones Lang LaSalle, Inc.

      1,181,077      $ 149,524,348  
     

 

 

  
      $ 149,524,348  
     

 

 

  

 

2

 

 

                                                 
Security    Shares      Value  

Road & Rail — 4.2%

      

J.B. Hunt Transport Services, Inc.

      2,969,083      $ 276,243,482  

Landstar System, Inc.

      1,678,518        160,583,817  
     

 

 

  
      $ 436,827,299  
     

 

 

  

Software — 7.9%

      

ANSYS, Inc.(2)

      1,596,560      $ 228,212,287  

Blackbaud, Inc.(1)

      3,277,226        206,137,515  

Fair Isaac Corp.(2)

      998,164        186,656,668  

Manhattan Associates, Inc.(1)(2)

      5,017,586        212,595,119  
     

 

 

  
      $ 833,601,589  
     

 

 

  

Specialty Retail — 1.5%

      

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

      9,366,025      $ 159,690,726  
     

 

 

  
      $ 159,690,726  
     

 

 

  

Textiles, Apparel & Luxury Goods — 1.7%

      

Columbia Sportswear Co.

      2,115,375      $ 177,881,884  
     

 

 

  
      $ 177,881,884  
     

 

 

  

Total Common Stocks
(identified cost $7,582,641,308)

       $ 10,392,499,449  
     

 

 

  

Short-Term Investments — 1.7%

      
Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 2.46%(3)

      179,694,422      $ 179,676,452  
     

 

 

  

Total Short-Term Investments
(identified cost $179,683,515)

       $ 179,676,452  
     

 

 

  

Total Investments — 100.4%
(identified cost $7,762,324,823)

       $ 10,572,175,901  
     

 

 

  

Other Assets, Less Liabilities — (0.4)%

       $ (43,815,936 ) 
     

 

 

  

Net Assets — 100.0%

       $     10,528,359,965  
     

 

 

  

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, 2018. Net income from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended December 31, 2018 was $2,824,459.

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

 

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, 2018, the value of the Fund’s investment in affiliated companies was $2,190,238,210, which represents 20.8% of the Fund’s net assets. Transactions in affiliated companies by the Fund for the fiscal year to date ended December 31, 2018 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 stocks*

                      

AptarGroup, Inc.

    3,162,641      —        —       3,162,641      $   297,509,639     $ 1,075,298      $ —      $ (43,233,302 ) 

Blackbaud, Inc.

    2,970,536      306,690        —       3,277,226        206,137,515       393,267        —        (117,105,468 ) 

Fair Isaac
Corp.(1)

    1,780,790      —        (782,626 )      998,164        186,656,668 (2)       —        122,352,441        (180,844,298 ) 

Kirby Corp.(1)

    3,155,908      —        —       3,155,908        212,581,963       —        —        (46,991,470 ) 

Manhattan Associates, Inc.(1)

    5,017,586      —        —       5,017,586        212,595,119       —        —        (61,365,077 ) 

Sally Beauty Holdings,
Inc.(1)

    9,366,025      —        —       9,366,025        159,690,726       —        —        (12,550,474 ) 

Sensient Technologies Corp.

    670,916      1,607,510        —       2,278,426        127,250,092       820,233        —        (36,623,728 ) 

ServiceMaster Global Holdings,
Inc.(1)

    5,367,533      4,774,793        —       10,142,326        372,629,057       —        —        (86,947,706 ) 

Westamerica Bancorporation

    1,433,011      —        —       1,433,011        79,790,053       573,204        —        (6,419,889 ) 

WR Berkley Corp.

    6,790,773      272,602        —       7,063,375        522,054,046       4,591,194        —        (42,489,070 ) 
               

 

 

     

 

 

     

 

 

  
                $     7,453,196      $     122,352,441      $     (634,570,482 ) 
               

 

 

     

 

 

     

 

 

  

 

*

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

 

(1)

Non-income producing security.    

 

(2)

Company is no longer an affiliate as of December 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.

 

4

 

 

At December 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

    $ 10,392,499,449 *     $ —      $ —      $ 10,392,499,449  

Short-Term Investments

      —        179,676,452        —        179,676,452  

Total Investments

    $     10,392,499,449      $     179,676,452      $ —      $     10,572,175,901  

 

*

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

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

 

5

 

 

Item 2. Controls and Procedures

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

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

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 25, 2019

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 25, 2019
By:   /s/ James F. Kirchner
  James F. Kirchner
  Treasurer
Date:   February 25, 2019