Eaton Vance
Atlanta Capital Select Equity Fund
June 30, 2020
PORTFOLIO OF INVESTMENTS (Unaudited)
Common Stocks 95.9%
Security | Shares | Value | ||||||
Banks 4.1% |
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U.S. Bancorp |
950,696 | $ | 35,004,627 | |||||
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$ | 35,004,627 | |||||||
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Beverages 2.7% |
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Diageo PLC ADR(1) |
173,162 | $ | 23,271,241 | |||||
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$ | 23,271,241 | |||||||
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Chemicals 3.4% |
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Sherwin-Williams Co. (The) |
49,359 | $ | 28,522,098 | |||||
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$ | 28,522,098 | |||||||
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Communications Equipment 2.2% |
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Motorola Solutions, Inc. |
130,095 | $ | 18,230,212 | |||||
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$ | 18,230,212 | |||||||
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Containers & Packaging 3.2% |
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Ball Corp. |
394,734 | $ | 27,430,066 | |||||
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$ | 27,430,066 | |||||||
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Electrical Equipment 2.0% |
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AMETEK, Inc. |
194,360 | $ | 17,369,953 | |||||
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$ | 17,369,953 | |||||||
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Food Products 1.7% |
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Nestle SA ADR |
126,951 | $ | 14,020,468 | |||||
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$ | 14,020,468 | |||||||
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Health Care Equipment & Supplies 15.7% |
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Cooper Cos., Inc. (The) |
87,567 | $ | 24,837,504 | |||||
Danaher Corp. |
134,174 | 23,725,988 | ||||||
DENTSPLY SIRONA, Inc. |
475,348 | 20,943,833 | ||||||
STERIS PLC |
156,915 | 24,077,038 | ||||||
Teleflex, Inc. |
109,883 | 39,995,214 | ||||||
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$ | 133,579,577 | |||||||
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Hotels, Restaurants & Leisure 2.6% |
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Aramark |
977,945 | $ | 22,072,219 | |||||
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$ | 22,072,219 | |||||||
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Insurance 9.0% |
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Markel Corp.(2) |
19,413 | $ | 17,921,499 | |||||
White Mountains Insurance Group, Ltd. |
65,919 | 58,534,095 | ||||||
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$ | 76,455,594 | |||||||
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Security | Shares | Value | ||||||
Interactive Media & Services 3.7% |
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Alphabet, Inc., Class C(2) |
22,329 | $ | 31,564,498 | |||||
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$ | 31,564,498 | |||||||
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IT Services 20.8% |
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Booz Allen Hamilton Holding Corp., Class A |
110,852 | $ | 8,623,177 | |||||
Fidelity National Information Services, Inc. |
150,734 | 20,211,922 | ||||||
Fiserv, Inc.(2) |
464,990 | 45,392,324 | ||||||
Global Payments, Inc. |
235,789 | 39,994,530 | ||||||
Mastercard, Inc., Class A |
70,578 | 20,869,915 | ||||||
Visa, Inc., Class A |
214,585 | 41,451,384 | ||||||
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$ | 176,543,252 | |||||||
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Life Sciences Tools & Services 4.4% |
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Thermo Fisher Scientific, Inc. |
103,246 | $ | 37,410,156 | |||||
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$ | 37,410,156 | |||||||
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Professional Services 2.1% |
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Verisk Analytics, Inc. |
106,413 | $ | 18,111,493 | |||||
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$ | 18,111,493 | |||||||
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Software 6.4% |
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ANSYS, Inc.(2) |
77,301 | $ | 22,551,021 | |||||
Autodesk, Inc.(2) |
77,659 | 18,575,256 | ||||||
Check Point Software Technologies, Ltd.(2) |
124,085 | 13,330,451 | ||||||
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$ | 54,456,728 | |||||||
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Specialty Retail 11.9% |
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OReilly Automotive, Inc.(2) |
66,974 | $ | 28,240,926 | |||||
Ross Stores, Inc. |
302,842 | 25,814,252 | ||||||
TJX Cos., Inc. (The) |
933,930 | 47,219,501 | ||||||
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$ | 101,274,679 | |||||||
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Total Common Stocks |
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$ | 815,316,861 | |||||
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Short-Term Investments 5.4% |
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Description | Units | Value | ||||||
Eaton Vance Cash Reserves Fund, LLC, 0.35%(3) |
46,099,911 | $ | 46,099,911 | |||||
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Total Short-Term Investments |
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$ | 46,099,911 | |||||
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Total Investments 101.3% |
$ | 861,416,772 | ||||||
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Other Assets, Less Liabilities (1.3)% |
$ | (10,829,850 | ) | |||||
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Net Assets 100.0% |
$ | 850,586,922 | ||||||
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2
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
(1) | All or a portion of this security was on loan at June 30, 2020. The aggregate market value of securities on loan at June 30, 2020 was $7,508,907 and the total market value of the collateral received by the Fund was $7,640,770, comprised of U.S. government and/or agencies securities. |
(2) | Non-income producing security. |
(3) | Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of June 30, 2020. |
Abbreviations:
ADR |
- | American Depositary Receipt | ||
3
The Fund did not have any open derivative instruments at June 30, 2020.
At June 30, 2020, the value of the Funds investment in affiliated funds was $46,099,911, which represents 5.4% of the Funds 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 |
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Short-Term Investments |
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Eaton Vance Cash Reserves Fund, LLC |
$ | 54,547,338 | $ | 311,855,166 | $ | (320,297,063 | ) | $ | (2,819 | ) | $ | (2,711 | ) | $ | 46,099,911 | $ | 565,463 | 46,099,911 |
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 funds 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 Funds investments, which are carried at value, were as follows:
Asset Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 815,316,861 | * | $ | | $ | | $ | 815,316,861 | |||||||
Short-Term Investments |
| 46,099,911 | | 46,099,911 | ||||||||||||
Total Investments |
$ | 815,316,861 | $ | 46,099,911 | $ | | $ | 861,416,772 |
* | The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments. |
For information on the Funds policy regarding the valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements included in its semiannual or annual report to shareholders.
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