Fund Description

The fund invests primarily in tax-managed portfolios sponsored by Eaton Vance and its affiliates that each invest at least 80% of net assets in equity securities, and under normal market conditions it invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities held directly or through these portfolios. It allocates assets among at least three portfolios, normally five spanning growth, multi-cap growth, small-cap, value, and global equity income approaches, and may invest up to 25% of its total assets in Tax-Managed Portfolios that primarily invest in small or emerging companies and up to 35% of its total assets in Tax-Managed Portfolios that primarily invest in foreign securities. It may also invest in preferred stocks and other preferred/hybrid securities of any rating (including below investment grade or unrated), preferred-focused ETFs, and may lend securities. The adviser may consider financially material ESG issues alongside other factors.