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Eaton Vance

Atlanta Capital Focused Growth Fund

June 30, 2020

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 99.0%

 

                                                 
Security    Shares      Value  

Capital Markets — 4.0%

 

Intercontinental Exchange, Inc.

      139,724      $ 12,798,718  
     

 

 

  
   $ 12,798,718  
  

 

 

  

Chemicals — 8.3%

 

Ecolab, Inc.

      70,648      $ 14,055,420  

Linde PLC

      61,526        13,050,280  
     

 

 

  
   $ 27,105,700  
     

 

 

  

Electronic Equipment, Instruments & Components — 3.9%

 

Amphenol Corp., Class A

      131,734      $ 12,621,435  
     

 

 

  
   $ 12,621,435  
     

 

 

  

Equity Real Estate Investment Trusts (REITs) — 4.7%

 

American Tower Corp.

      59,199      $ 15,305,309  
     

 

 

  
   $ 15,305,309  
     

 

 

  

Health Care Equipment & Supplies — 6.4%

 

Danaher Corp.

      118,272      $ 20,914,038  
     

 

 

  
   $ 20,914,038  
     

 

 

  

Insurance — 2.8%

 

Marsh & McLennan Cos., Inc.

      84,866      $ 9,112,062  
     

 

 

  
   $ 9,112,062  
     

 

 

  

Interactive Media & Services — 13.8%

 

Alphabet, Inc., Class C(1)

      17,678      $ 24,989,798  

Facebook, Inc., Class A(1)

      87,320        19,827,752  
     

 

 

  
   $ 44,817,550  
     

 

 

  

IT Services — 15.9%

 

Fiserv, Inc.(1)

      134,943      $ 13,173,136  

Mastercard, Inc., Class A

      42,465        12,556,900  

Visa, Inc., Class A

      133,622        25,811,762  
     

 

 

  
   $ 51,541,798  
     

 

 

  

Life Sciences Tools & Services — 5.4%

 

Thermo Fisher Scientific, Inc.

      48,693      $ 17,643,422  
     

 

 

  
   $ 17,643,422  
     

 

 

  

Machinery — 4.6%

 

IDEX Corp.

      31,266      $ 4,941,279  

Xylem, Inc.

      154,885        10,061,329  
     

 

 

  
   $ 15,002,608  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Multiline Retail — 4.3%

 

Dollar General Corp.

      73,668      $ 14,034,491  
     

 

 

  
   $ 14,034,491  
     

 

 

  

Pharmaceuticals — 4.3%

 

Zoetis, Inc.

      102,355      $ 14,026,729  
     

 

 

  
   $ 14,026,729  
     

 

 

  

Professional Services — 6.0%

 

IHS Markit, Ltd.

      115,252      $ 8,701,526  

Verisk Analytics, Inc.

      63,791        10,857,228  
     

 

 

  
   $ 19,558,754  
     

 

 

  

Software — 11.3%

 

Check Point Software Technologies, Ltd.(1)

      43,219      $ 4,643,017  

Intuit, Inc.

      35,356        10,472,094  

Microsoft Corp.

      106,193        21,611,337  
     

 

 

  
   $ 36,726,448  
     

 

 

  

Specialty Retail — 3.3%

 

TJX Cos., Inc. (The)

      209,492      $ 10,591,916  
     

 

 

  
   $ 10,591,916  
     

 

 

  

Total Common Stocks
(identified cost $268,736,089)

 

    $ 321,800,978  
     

 

 

  

Short-Term Investments — 1.5%

 

Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 0.35%(2)

      5,077,971      $ 5,077,971  
     

 

 

  

Total Short-Term Investments
(identified cost $5,077,971)

 

    $ 5,077,971  
     

 

 

  

Total Investments — 100.5%
(identified cost $273,814,060)

 

    $ 326,878,949  
     

 

 

  

Other Assets, Less Liabilities — (0.5)%

 

    $ (1,713,038 ) 
     

 

 

  

Net Assets — 100.0%

 

    $ 325,165,911  
     

 

 

  

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, 2020.

The Fund did not have any open derivative instruments at June 30, 2020.

 

2

 

 

At June 30, 2020, the value of the Fund’s investment in affiliated funds was $5,077,971, which represents 1.5% of the Fund’s net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended June 30, 2020 were as follows:

 

                                                                                                                                                                                                       

Name of

affiliated fund

   Value,
beginning of
period		     Purchases     Sales
proceeds		     Net
realized
gain (loss)		     Change in
unrealized
appreciation
(depreciation)		     Value, end of
period		     Dividend
income		     Units, end
of period		  

Short-Term Investments

 

Eaton Vance Cash Reserves Fund, LLC

   $     5,940,908     $     146,046,075     $     (146,909,931 )    $     919     $     —     $     5,077,971     $     90,226       5,077,971  

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, 2020, 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

    $ 321,800,978 *     $ —      $ —      $ 321,800,978  

Short-Term Investments

      —        5,077,971        —        5,077,971  

Total Investments

    $     321,800,978      $     5,077,971      $     —      $     326,878,949  

 

*

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.

 

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