0001752724-24-123648.txt : 20240528 0001752724-24-123648.hdr.sgml : 20240528 20240528153551 ACCESSION NUMBER: 0001752724-24-123648 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240528 DATE AS OF CHANGE: 20240528 PERIOD START: 20241231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EATON VANCE MUTUAL FUNDS TRUST CENTRAL INDEX KEY: 0000745463 ORGANIZATION NAME: IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-04015 FILM NUMBER: 24991255 BUSINESS ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 617-482-8260 MAIL ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: EATON VANCE GOVERNMENT OBLIGATIONS TRUST DATE OF NAME CHANGE: 19920703 0000745463 S000005304 Eaton Vance Tax-Managed Growth Fund 1.1 C000014485 Eaton Vance Tax-Managed Growth Fund 1.1 Class A ETTGX C000014487 Eaton Vance Tax-Managed Growth Fund 1.1 Class C ECTGX C000014488 Eaton Vance Tax-Managed Growth Fund 1.1 Class I EITMX NPORT-P 1 primary_doc.xml NPORT-P false 0000745463 XXXXXXXX S000005304 C000014487 C000014488 C000014485 EATON VANCE MUTUAL FUNDS TRUST 811-04015 0000745463 549300C67AFHZKODE756 One Post Office Square Boston 02109 617-482-8260 Eaton Vance Tax-Managed Growth Fund 1.1 S000005304 5493006QJ01YL4FOR177 2024-12-31 2024-03-31 N 2469056438.01 2134857.97 2466921580.04 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N S&P 500 SPX TAX-MANAGED GROWTH PORTFOLIO 54930094FKDFSLVNKI39 TAX-MANAGED GROWTH PORTFOLIO 000000000 87343582.09000000 NS USD 2468329629.77000000 100.0570771986 Long EC RF US N N/A N N N 2024-04-29 EATON VANCE MUTUAL FUNDS TRUST James Kirchner James Kirchner Treasurer XXXX NPORT-EX 2 NPORT_FT2D_35693349_0324.htm
Eaton Vance
Tax-Managed Growth Fund 1.1
March 31, 2024 (Unaudited)
Eaton Vance Tax-Managed Growth Fund 1.1 (the Fund), a diversified series of Eaton Vance Mutual Funds Trust, invests substantially all of its assets in Tax-Managed Growth Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At March 31, 2024, the value of the Fund’s investment in the Portfolio was $2,468,329,630 and the Fund owned 44.6% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.
1
Tax-Managed Growth Portfolio
March 31, 2024
Portfolio of Investments (Unaudited)
Common Stocks — 99.9%
Security Shares Value
Aerospace & Defense — 1.7%
Boeing Co.(1)     142,446 $   27,490,654
General Dynamics Corp.      37,550    10,607,499
General Electric Co.     163,119    28,632,278
Lockheed Martin Corp.      18,733     8,521,080
Northrop Grumman Corp.      16,117     7,714,563
RTX Corp.     126,984    12,384,750
      $   95,350,824
Air Freight & Logistics — 0.9%
C.H. Robinson Worldwide, Inc.      72,701 $    5,535,454
FedEx Corp.      76,559    22,182,205
United Parcel Service, Inc., Class B     127,908    19,010,966
      $   46,728,625
Automobiles — 0.0%(2)
Tesla, Inc.(1)      11,757 $    2,066,763
      $    2,066,763
Banks — 3.4%
Bank of America Corp.     478,599 $   18,148,474
Fifth Third Bancorp     491,355    18,283,319
JPMorgan Chase & Co.     514,622   103,078,787
PNC Financial Services Group, Inc.      15,834     2,558,774
Regions Financial Corp.     261,997     5,512,417
Truist Financial Corp.     311,559    12,144,570
U.S. Bancorp      76,801     3,433,005
Wells Fargo & Co.     446,596    25,884,704
      $  189,044,050
Beverages — 1.2%
Constellation Brands, Inc., Class A      66,155 $   17,978,283
Monster Beverage Corp.(1)     142,992     8,476,566
PepsiCo, Inc.     228,875    40,055,413
      $   66,510,262
Biotechnology — 2.3%
AbbVie, Inc.     193,103 $   35,164,056
Amgen, Inc.      97,100    27,607,472
Argenx SE ADR(1)      41,279    16,252,368
Biogen, Inc.(1)       4,460        961,710
Security Shares Value
Biotechnology (continued)
Gilead Sciences, Inc.     193,738 $   14,191,308
Vertex Pharmaceuticals, Inc.(1)      83,684    34,980,749
      $  129,157,663
Broadline Retail — 4.6%
Amazon.com, Inc.(1)   1,419,500 $  256,049,410
      $  256,049,410
Building Products — 0.2%
Carrier Global Corp.     189,214 $   10,999,010
      $   10,999,010
Capital Markets — 3.6%
Ameriprise Financial, Inc.      30,879 $   13,538,589
Bank of New York Mellon Corp.     148,682     8,567,057
BlackRock, Inc.       7,289     6,076,839
Cboe Global Markets, Inc.      75,857    13,937,207
Charles Schwab Corp.     371,381    26,865,701
CME Group, Inc.      36,417     7,840,216
Goldman Sachs Group, Inc.     128,899    53,839,823
Intercontinental Exchange, Inc.      60,970     8,379,107
LPL Financial Holdings, Inc.      32,227     8,514,373
Moody's Corp.      66,944    26,311,000
S&P Global, Inc.      32,008    13,617,804
T Rowe Price Group, Inc.     105,316    12,840,127
      $  200,327,843
Chemicals — 1.7%
Corteva, Inc.      18,814 $    1,085,003
Dow, Inc.      18,955     1,098,063
DuPont de Nemours, Inc.     142,744    10,944,183
Ecolab, Inc.     110,020    25,403,618
Linde PLC      72,347    33,592,159
PPG Industries, Inc.      89,144    12,916,966
Sherwin-Williams Co.      32,982    11,455,638
      $   96,495,630
Commercial Services & Supplies — 0.6%
Waste Connections, Inc.      57,850 $    9,950,778
Waste Management, Inc.     108,692    23,167,700
      $   33,118,478
Communications Equipment — 1.2%
Arista Networks, Inc.(1)     129,548 $   37,566,329
 
2
Tax-Managed Growth Portfolio
March 31, 2024
Portfolio of Investments (Unaudited) — continued
Security Shares Value
Communications Equipment (continued)
Cisco Systems, Inc.     517,461 $   25,826,478
      $   63,392,807
Consumer Finance — 0.8%
American Express Co.     121,531 $   27,671,393
Discover Financial Services     144,856    18,989,173
      $   46,660,566
Consumer Staples Distribution & Retail — 2.8%
Costco Wholesale Corp.     113,479 $   83,138,120
Sprouts Farmers Market, Inc.(1)     181,780    11,721,174
Walmart, Inc.     985,500    59,297,535
      $  154,156,829
Electric Utilities — 0.9%
Duke Energy Corp.     349,733 $   33,822,678
Edison International     197,713    13,984,241
      $   47,806,919
Electrical Equipment — 0.9%
AMETEK, Inc.      23,362 $    4,272,910
Eaton Corp. PLC       8,556     2,675,290
Emerson Electric Co.     269,079    30,518,940
Rockwell Automation, Inc.      50,722    14,776,840
      $   52,243,980
Energy Equipment & Services — 0.3%
Halliburton Co.     166,374 $    6,558,463
Schlumberger NV     206,344    11,309,715
      $   17,868,178
Entertainment — 2.4%
Netflix, Inc.(1)     112,484 $   68,314,908
Walt Disney Co.     534,448    65,395,057
      $  133,709,965
Financial Services — 4.2%
Berkshire Hathaway, Inc., Class A(1)          84 $   53,292,960
Berkshire Hathaway, Inc., Class B(1)     224,230    94,293,200
Mastercard, Inc., Class A      36,635    17,642,317
PayPal Holdings, Inc.(1)     143,069     9,584,192
Visa, Inc., Class A     212,810    59,391,015
      $  234,203,684
Security Shares Value
Food Products — 0.7%
Flowers Foods, Inc.     138,111 $    3,280,136
Hershey Co.      47,710     9,279,595
Lamb Weston Holdings, Inc.      70,384     7,498,007
McCormick & Co., Inc., Non Voting Shares      96,258     7,393,577
Nestle SA      94,686    10,060,384
      $   37,511,699
Ground Transportation — 1.5%
CSX Corp.      52,770 $    1,956,184
Norfolk Southern Corp.      65,062    16,582,352
Uber Technologies, Inc.(1)     331,498    25,522,031
Union Pacific Corp.     148,572    36,538,312
      $   80,598,879
Health Care Equipment & Supplies — 2.7%
Abbott Laboratories     260,303 $   29,586,039
Becton Dickinson & Co.       8,470     2,095,902
Boston Scientific Corp.(1)     289,826    19,850,183
GE HealthCare Technologies, Inc.     135,517    12,319,851
Intuitive Surgical, Inc.(1)     101,205    40,389,903
Medtronic PLC     110,455     9,626,153
Stryker Corp.      72,313    25,878,653
Zimmer Biomet Holdings, Inc.      77,057    10,169,983
      $  149,916,667
Health Care Providers & Services — 2.1%
Cardinal Health, Inc.      14,717 $    1,646,832
CVS Health Corp.     168,934    13,474,176
Elevance Health, Inc.      29,512    15,303,152
HCA Healthcare, Inc.      64,083    21,373,603
UnitedHealth Group, Inc.     130,671    64,642,944
      $  116,440,707
Hotels, Restaurants & Leisure — 2.3%
Airbnb, Inc., Class A(1)      74,000 $   12,207,040
Booking Holdings, Inc.      15,827    57,418,457
Marriott International, Inc., Class A      46,029    11,613,577
McDonald's Corp.       1,255       353,847
Starbucks Corp.     388,474    35,502,639
Yum! Brands, Inc.      79,442    11,014,633
      $  128,110,193
Household Products — 1.3%
Colgate-Palmolive Co.     397,371 $   35,783,258
 
3
Tax-Managed Growth Portfolio
March 31, 2024
Portfolio of Investments (Unaudited) — continued
Security Shares Value
Household Products (continued)
Procter & Gamble Co.     220,699 $   35,808,413
      $   71,591,671
Industrial Conglomerates — 0.1%
Honeywell International, Inc.      20,093 $    4,124,088
      $    4,124,088
Industrial REITs — 0.2%
EastGroup Properties, Inc.      49,500 $    8,898,615
      $    8,898,615
Insurance — 1.6%
Aflac, Inc.     154,400 $   13,256,784
Aon PLC, Class A      27,135     9,055,492
Arthur J. Gallagher & Co.      47,054    11,765,382
Markel Group, Inc.(1)       6,362     9,679,656
Marsh & McLennan Cos., Inc.      46,353     9,547,791
Progressive Corp.     151,029    31,235,818
Travelers Cos., Inc.      20,353     4,684,039
      $   89,224,962
Interactive Media & Services — 8.5%
Alphabet, Inc., Class A(1)     857,372 $  129,403,156
Alphabet, Inc., Class C(1)     980,031   149,219,520
Meta Platforms, Inc., Class A     390,562   189,649,096
      $  468,271,772
IT Services — 1.2%
Accenture PLC, Class A     147,397 $   51,089,274
Akamai Technologies, Inc.(1)     137,231    14,925,244
      $   66,014,518
Life Sciences Tools & Services — 1.2%
Agilent Technologies, Inc.     151,400 $   22,030,214
Danaher Corp.     182,007    45,450,788
Illumina, Inc.(1)      10,000     1,373,200
      $   68,854,202
Machinery — 2.2%
Caterpillar, Inc.      56,089 $   20,552,692
Deere & Co.      32,269    13,254,169
Donaldson Co., Inc.      73,526     5,490,922
Dover Corp.      97,408    17,259,724
Illinois Tool Works, Inc.     143,086    38,394,266
Otis Worldwide Corp.      68,364      6,786,494
Security Shares Value
Machinery (continued)
PACCAR, Inc.      28,969 $    3,588,969
Parker-Hannifin Corp.      16,957     9,424,531
Snap-on, Inc.      14,911     4,416,937
      $  119,168,704
Media — 0.4%
Comcast Corp., Class A     513,452 $   22,258,144
      $   22,258,144
Metals & Mining — 0.3%
Alcoa Corp.     240,000 $    8,109,600
Nucor Corp.      35,624     7,049,990
      $   15,159,590
Multi-Utilities — 0.1%
Consolidated Edison, Inc.      50,472 $    4,583,362
      $    4,583,362
Oil, Gas & Consumable Fuels — 3.5%
Antero Resources Corp.(1)     328,489 $    9,526,181
Cheniere Energy, Inc.     149,498    24,111,037
ConocoPhillips     285,715    36,365,805
Devon Energy Corp.      33,163     1,664,119
EOG Resources, Inc.      16,793     2,146,817
Exxon Mobil Corp.     789,802    91,806,585
Hess Corp.      20,651     3,152,169
Marathon Petroleum Corp.      69,480    14,000,220
Murphy Oil Corp.      41,407     1,892,300
Phillips 66      51,867     8,471,956
      $  193,137,189
Personal Care Products — 0.1%
Estee Lauder Cos., Inc., Class A      26,451 $    4,077,421
Kenvue, Inc.     102,541     2,200,530
      $    6,277,951
Pharmaceuticals — 4.0%
Bristol-Myers Squibb Co.     136,371 $    7,395,399
Eli Lilly & Co.     141,238   109,877,515
Johnson & Johnson     267,485    42,313,452
Merck & Co., Inc.     215,040    28,374,528
Pfizer, Inc.     311,276     8,637,909
Zoetis, Inc.     142,003    24,028,328
      $  220,627,131
 
4
Tax-Managed Growth Portfolio
March 31, 2024
Portfolio of Investments (Unaudited) — continued
Security Shares Value
Professional Services — 0.7%
Automatic Data Processing, Inc.      68,245 $   17,043,507
Jacobs Solutions, Inc.      55,344     8,508,033
Verisk Analytics, Inc.      46,792    11,030,278
      $   36,581,818
Residential REITs — 0.3%
Invitation Homes, Inc.     437,000 $   15,561,570
      $   15,561,570
Semiconductors & Semiconductor Equipment — 9.4%
Analog Devices, Inc.     133,698 $   26,444,127
Applied Materials, Inc.     203,182    41,902,224
Broadcom, Inc.      24,966    33,090,186
Intel Corp.     651,606    28,781,437
Lam Research Corp.      25,000    24,289,250
Marvell Technology, Inc.      91,589     6,491,828
NVIDIA Corp.     302,592   273,410,028
QUALCOMM, Inc.     332,116    56,227,239
Texas Instruments, Inc.     158,452    27,603,923
      $  518,240,242
Software — 11.4%
Adobe, Inc.(1)      80,383 $   40,561,262
Cadence Design Systems, Inc.(1)      83,984    26,142,540
Check Point Software Technologies Ltd.(1)      52,650     8,635,127
Fortinet, Inc.(1)     100,000     6,831,000
Intuit, Inc.      42,645    27,719,250
Microsoft Corp.     909,092   382,473,186
Oracle Corp.      80,569    10,120,272
Palo Alto Networks, Inc.(1)     117,632    33,422,780
Salesforce, Inc.     112,456    33,869,498
ServiceNow, Inc.(1)      66,921    51,020,570
Workday, Inc., Class A(1)      35,900     9,791,725
      $  630,587,210
Specialized REITs — 0.4%
Public Storage      71,594 $   20,766,556
      $   20,766,556
Specialty Retail — 2.6%
Best Buy Co., Inc.      58,781 $    4,821,806
Lowe's Cos., Inc.     212,443    54,115,605
O'Reilly Automotive, Inc.(1)      18,600    20,997,168
Ross Stores, Inc.     141,093    20,706,809
TJX Cos., Inc.     219,657     22,277,613
Security Shares Value
Specialty Retail (continued)
Tractor Supply Co.      50,157 $   13,127,090
Ulta Beauty, Inc.(1)      17,591     9,197,982
      $  145,244,073
Technology Hardware, Storage & Peripherals — 6.1%
Apple, Inc.   1,969,637 $  337,753,353
      $  337,753,353
Textiles, Apparel & Luxury Goods — 0.7%
NIKE, Inc., Class B     420,112 $   39,482,126
      $   39,482,126
Tobacco — 0.4%
Altria Group, Inc.     157,274 $    6,860,292
Philip Morris International, Inc.     162,661    14,903,001
      $   21,763,293
Wireless Telecommunication Services — 0.2%
T-Mobile U.S., Inc.      81,620 $   13,322,016
      $   13,322,016
Total Common Stocks
(identified cost $1,661,332,121) 		    $5,525,963,787
    
Short-Term Investments — 0.1%
Security Shares Value
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.22%(3)   5,922,746 $    5,922,746
Total Short-Term Investments
(identified cost $5,922,746) 		    $    5,922,746
Total Investments — 100.0%
(identified cost $1,667,254,867) 		    $5,531,886,533
Other Assets, Less Liabilities — 0.0%(2)     $    1,220,000
Net Assets — 100.0%     $5,533,106,533
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
(1) Non-income producing security.
(2) Amount is less than 0.05%.
(3) May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of March 31, 2024.
 
5
Tax-Managed Growth Portfolio
March 31, 2024
Portfolio of Investments (Unaudited) — continued
Abbreviations:
ADR – American Depositary Receipt
REITs – Real Estate Investment Trusts
Affiliated Investments
At March 31, 2024, the value of the Portfolio's investment in funds that may be deemed to be affiliated was $5,922,746, which represents 0.1% of the Portfolio's net assets. Transactions in such investments by the Portfolio for the fiscal year to date ended March 31, 2024 were as follows:
Name Value,
beginning
of period 		Purchases Sales
proceeds 		Net realized
gain (loss) 		Change in
unrealized
appreciation
(depreciation) 		Value, end
of period 		Dividend
income 		Shares,
end of period
Short-Term Investments 
Liquidity Fund, Institutional Class(1) $2,564,731 $35,549,300 $(32,191,285) $ — $ — $5,922,746 $103,864 5,922,746
(1) Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio.
Fair Value Measurements
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 March 31, 2024, the hierarchy of inputs used in valuing the Portfolio's investments, which are carried at fair value, were as follows:
Asset Description  Level 1  Level 2  Level 3  Total 
Common Stocks:        
Communication Services $  637,561,897 $       — $ — $  637,561,897
Consumer Discretionary   570,952,565        —  —   570,952,565
Consumer Staples   347,751,321 10,060,384  —   357,811,705
Energy   211,005,367        —  —   211,005,367
Financials   759,461,105        —  —   759,461,105
Health Care   684,996,370        —  —   684,996,370
Industrials   478,914,406        —  —   478,914,406
Information Technology 1,615,988,130        —  — 1,615,988,130
Materials   111,655,220        —  —   111,655,220
Real Estate    45,226,741        —  —    45,226,741
Utilities    52,390,281        —  —    52,390,281
Total Common Stocks $5,515,903,403 $10,060,384* $ — $5,525,963,787
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Tax-Managed Growth Portfolio
March 31, 2024
Portfolio of Investments (Unaudited) — continued
Asset Description (continued) Level 1  Level 2  Level 3  Total 
Short-Term Investments $    5,922,746 $       — $ — $    5,922,746
Total Investments $5,521,826,149 $10,060,384 $ — $5,531,886,533
* Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.
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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