Historical Returns (%) as of Mar 31, 2025

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. Prior to 09/15/2023, the Fund was called Eaton Vance Special Equities Fund and employed a different principal investment strategy. Please see prospectus for more details. Max Sales Charge: 1%.
 

Fund Facts as of Feb 28, 2025

Class C Inception 09/18/2023
Performance Inception 04/22/1968
Investment Objective Growth of capital
Total Net Assets $32.1M
Minimum Investment $10000
Expense Ratio (Gross)3 2.02%
Expense Ratio (Net)3,4 1.89%
CUSIP 13161X725

Top 10 Holdings (%)5,6 as of Mar 31, 2025

03/31/202502/28/2025
03/31/2025
Tradeweb Markets Inc 3.04
Commerce Bancshares Inc/MO 3.01
CBIZ Inc 2.83
AptarGroup Inc 2.69
Equity LifeStyle Properties Inc 2.41
Core & Main Inc 2.37
Wyndham Hotels & Resorts Inc 2.15
First Financial Bankshares Inc 2.15
White Mountains Insurance Group Ltd 2.02
SouthState Corp 1.99
Total 24.68
 

Portfolio Management

Michael D. McLean, CFA Managed Fund since 2023
Griff Noble, CFA Managed Fund since 2023

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

RISK CONSIDERATIONS 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, more established companies. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.

See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.


1. Prior to 09/15/2023, the Fund was called Eaton Vance Special Equities Fund and employed a different principal investment strategy. Please see prospectus for more details.
2. Russell 2500™ Index is an unmanaged index of approximately 2,500 small- and midcap U.S. stocks. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund.
3. Source: Fund prospectus.
4. Net Expense Ratio reflects a contractual expense reimbursement that will remain in effect for a five year period from the closing date of the reorganization. Without the reimbursement, if applicable, performance would have been lower.
5. Top 10 Holdings excludes cash and equivalents.
6. Percent of total net assets.