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Tax-Managed Multi-Cap Growth Portfolio

January 31, 2021

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 99.8%

 

                                                 
Security    Shares      Value  

Beverages — 1.0%

      

Constellation Brands, Inc., Class A

      10,232      $ 2,158,236  
     

 

 

  
      $ 2,158,236  
     

 

 

  

Biotechnology — 1.9%

      

Immunovant, Inc.(1)

      19,759      $ 771,194  

Vertex Pharmaceuticals, Inc.(1)

      15,175        3,476,289  
     

 

 

  
      $ 4,247,483  
     

 

 

  

Building Products — 1.9%

      

AZEK Co., Inc. (The)(1)

      70,125      $ 2,797,286  

Trex Co., Inc.(1)

      15,892        1,458,409  
     

 

 

  
      $ 4,255,695  
     

 

 

  

Capital Markets — 0.9%

      

S&P Global, Inc.

      5,966      $ 1,891,222  
     

 

 

  
      $ 1,891,222  
     

 

 

  

Chemicals — 1.8%

      

Celanese Corp.

      6,569      $ 802,403  

Ecolab, Inc.

      7,531        1,540,165  

Sherwin-Williams Co. (The)

      2,190        1,515,042  
     

 

 

  
      $ 3,857,610  
     

 

 

  

Commercial Services & Supplies — 1.5%

      

Copart, Inc.(1)

      14,656      $ 1,608,496  

Waste Connections, Inc.

      16,156        1,591,528  
     

 

 

  
      $ 3,200,024  
     

 

 

  

Diversified Consumer Services — 1.2%

      

Terminix Global Holdings, Inc.(1)

      52,941      $ 2,524,227  
     

 

 

  
      $ 2,524,227  
     

 

 

  

Electrical Equipment — 1.8%

      

AMETEK, Inc.

      34,300      $ 3,884,818  
     

 

 

  
      $ 3,884,818  
     

 

 

  

Entertainment — 2.3%

      

Electronic Arts, Inc.(1)

      11,440      $ 1,638,208  

Netflix, Inc.(1)

      2,593        1,380,487  

Walt Disney Co. (The)(1)

      12,454        2,094,389  
     

 

 

  
      $ 5,113,084  
     

 

 

  

 

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Security    Shares      Value  

Food & Staples Retailing — 1.3%

      

Performance Food Group Co.(1)

      58,516      $ 2,743,230  
     

 

 

  
      $ 2,743,230  
     

 

 

  

Food Products — 0.7%

      

Mondelez International, Inc., Class A

      27,827      $ 1,542,729  
     

 

 

  
      $ 1,542,729  
     

 

 

  

Health Care Equipment & Supplies — 5.8%

      

Danaher Corp.

      11,868      $ 2,822,685  

Haemonetics Corp.(1)

      29,150        3,331,553  

Intuitive Surgical, Inc.(1)

      3,260        2,437,306  

Pulmonx Corp.(1)

      23,062        1,308,077  

Stryker Corp.

      12,668        2,799,755  
     

 

 

  
      $ 12,699,376  
     

 

 

  

Health Care Providers & Services — 3.0%

      

Amedisys, Inc.(1)

      4,463      $ 1,282,265  

UnitedHealth Group, Inc.

      15,597        5,202,847  
     

 

 

  
      $ 6,485,112  
     

 

 

  

Health Care Technology — 1.1%

      

Phreesia, Inc.(1)

      37,308      $ 2,435,839  
     

 

 

  
      $ 2,435,839  
     

 

 

  

Hotels, Restaurants & Leisure — 0.6%

      

Starbucks Corp.

      12,443      $ 1,204,607  
     

 

 

  
      $ 1,204,607  
     

 

 

  

Interactive Media & Services — 11.6%

      

Alphabet, Inc., Class A(1)

      3,900      $ 7,126,704  

Alphabet, Inc., Class C(1)

      3,911        7,179,579  

Facebook, Inc., Class A(1)

      35,003        9,042,325  

Twitter, Inc.(1)

      41,385        2,091,184  
     

 

 

  
      $ 25,439,792  
     

 

 

  

Internet & Direct Marketing Retail — 10.0%

      

Amazon.com, Inc.(1)

      6,385      $ 20,471,587  

Booking Holdings, Inc.(1)

      735        1,429,083  
     

 

 

  
      $ 21,900,670  
     

 

 

  

IT Services — 11.4%

      

Accenture PLC, Class A

      13,038      $ 3,154,153  

Fiserv, Inc.(1)

      13,974        1,434,990  

GoDaddy, Inc., Class A(1)

      44,180        3,471,665  

Okta, Inc.(1)

      15,035        3,894,215  

PayPal Holdings, Inc.(1)

      20,587        4,823,740  

Visa, Inc., Class A

      42,000        8,116,500  
     

 

 

  
      $ 24,895,263  
     

 

 

  

 

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Security    Shares      Value  

Personal Products — 1.2%

      

Estee Lauder Cos., Inc. (The), Class A

      10,679      $ 2,527,185  
     

 

 

  
      $ 2,527,185  
     

 

 

  

Pharmaceuticals — 2.9%

      

Royalty Pharma PLC, Class A(2)

      49,050      $ 2,305,840  

Zoetis, Inc.

      26,003        4,010,963  
     

 

 

  
      $ 6,316,803  
     

 

 

  

Road & Rail — 2.5%

      

J.B. Hunt Transport Services, Inc.

      14,100      $ 1,898,706  

Norfolk Southern Corp.

      8,734        2,066,639  

Uber Technologies, Inc.(1)

      29,243        1,489,346  
     

 

 

  
      $ 5,454,691  
     

 

 

  

Semiconductors & Semiconductor Equipment — 2.7%

      

Monolithic Power Systems, Inc.

      16,579      $ 5,890,353  
     

 

 

  
      $ 5,890,353  
     

 

 

  

Software — 15.3%

      

Adobe, Inc.(1)

      16,502      $ 7,570,622  

Intuit, Inc.

      6,414        2,316,929  

Microsoft Corp.

      74,352        17,246,690  

salesforce.com, inc.(1)

      27,530        6,209,667  
     

 

 

  
      $ 33,343,908  
     

 

 

  

Specialty Retail — 1.1%

      

TJX Cos., Inc. (The)

      38,432      $ 2,461,185  
     

 

 

  
      $ 2,461,185  
     

 

 

  

Technology Hardware, Storage & Peripherals — 9.9%

      

Apple, Inc.

      164,702      $ 21,734,076  
     

 

 

  
      $ 21,734,076  
     

 

 

  

Textiles, Apparel & Luxury Goods — 3.1%

      

Lululemon Athletica, Inc.(1)

      13,063      $ 4,293,547  

NIKE, Inc., Class B

      19,321        2,581,092  
     

 

 

  
      $ 6,874,639  
     

 

 

  

Trading Companies & Distributors — 1.3%

      

United Rentals, Inc.(1)

      11,573      $ 2,812,355  
     

 

 

  
      $ 2,812,355  
     

 

 

  

Total Common Stocks
(identified cost $82,769,027)

       $ 217,894,212  
     

 

 

  

 

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Short-Term Investments — 0.3%

      
Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 0.11%(3)

      704,536      $ 704,536  
     

 

 

  

Total Short-Term Investments
(identified cost $704,536)

       $ 704,536  
     

 

 

  

Total Investments — 100.1%
(identified cost $83,473,563)

       $ 218,598,748  
     

 

 

  

Other Assets, Less Liabilities — (0.1)%

       $ (135,166 ) 
     

 

 

  

Net Assets — 100.0%

       $ 218,463,582  
     

 

 

  

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

 

(1)

Non-income producing security.

 

(2)

All or a portion of this security was on loan at January 31, 2021. The aggregate market value of securities on loan at January 31, 2021 was $2,117,283 and the total market value of the collateral received by the Portfolio was $2,238,917, comprised of U.S. government and/or agencies securities.

 

(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 January 31, 2021.

 

4

 

 

The Portfolio did not have any open derivative instruments at January 31, 2021.

At January 31, 2021, the value of the Portfolio’s investment in affiliated funds was $704,536, which represents 0.3% of the Portfolio’s net assets. Transactions in affiliated funds by the Portfolio for the fiscal year to date ended January 31, 2021 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

    $     271,576      $     2,649,218      $     (2,216,258 )    $ —        $ —        $     704,536      $     175        704,536  

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.

 

5

 

 

At January 31, 2021, 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

       $  217,894,212 *     $ —      $ —      $ 217,894,212  

Short-Term Investments

         —        704,536        —        704,536  
     

 

 

     

 

 

     

 

 

     

 

 

  

Total Investments

       $     217,894,212      $     704,536      $     —      $     218,598,748  
     

 

 

     

 

 

     

 

 

     

 

 

  

 

*

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

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.

 

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