Overview

The Fund has not paid a capital gain since its inception.1

Tax-managed equity investing can help cushion the effect of future increases in income tax and capital gains rates.

Historical Returns (%)as of Sep 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
11/30/2016
Fund at NAV 4.08 1.56 6.73 4.70 7.83 13.14 6.01
Fund w/Max Sales Charge -1.92 -4.26 0.59 -1.31 5.73 11.81 5.38
Return After Taxes on Dist w/Max Sales Charge -1.53 5.50 11.59 5.19
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge -0.58 4.40 9.42 4.29
S&P 500 Index2 3.70 1.83 9.79 8.06 9.06 14.43 6.88
09/30/2016
Fund at NAV -0.43 3.87 4.64 12.28 9.81 14.99 6.25
Fund w/Max Sales Charge -6.14 -2.12 -1.38 5.79 7.66 13.64 5.62
Return After Taxes on Dist w/Max Sales Charge 5.56 7.42 13.42 5.43
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 3.46 5.91 10.95 4.50
S&P 500 Index2 0.02 3.85 7.84 15.43 11.15 16.35 7.23
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. After-tax returns are calculated using certain assumptions, including using the highest historical individual federal income tax rates, and do not reflect the impact of state/local taxes. Actual after-tax returns depend on a shareholder's tax situation and the actual characterization of distributions and may differ from those shown. After-tax returns are not relevant to shareholders who hold shares in tax-deferred accounts or shares held by nontaxable entities. Return After Taxes on Distributions may be the same as Return Before Taxes for the same period because no taxable distributions were made during that period. Return After Taxes on Distributions and Sale of Fund Shares may be greater than or equal to Return After Taxes on Distributions for the same period because of losses realized on the sale of Fund shares. Before-tax and after-tax returns for other classes of shares offered by the Fund are different. Max Sales Charge: 5.75%.

Fund Factsas of Nov 30, 2016

Class A Inception 02/28/2001
Performance Inception 03/29/1966
Investment Objective Long-term, after-tax return
Total Net Assets3 $2.9B
Minimum Investment $1000
Expense Ratio4 0.97%
CUSIP 277911483

Top 10 Holdings (%)5,6as of Oct 31, 2016

Apple Inc
Facebook Inc
Exxon Mobil Corp
Amazon.com Inc
Alphabet Inc - CL C
Intel Corp
JPMorgan Chase & Co
Alphabet Inc - CL A
Johnson & Johnson
Wells Fargo & Co
Total 23.13

Portfolio Management

Lewis R. Piantedosi Managed Fund since 2006
Yana S. Barton, CFA Managed Fund since 2008
Michael A. Allison, CFA Managed Fund since 2008

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

Fund performance is sensitive to stock market volatility. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. Market conditions may limit the ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund's ability to utilize various tax-managed techniques may be curtailed or eliminated in the future by tax legislation or regulation. 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.


Performance

Historical Returns (%)as of Sep 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
11/30/2016
Fund at NAV 4.08 1.56 6.73 4.70 7.83 13.14 6.01
Fund w/Max Sales Charge -1.92 -4.26 0.59 -1.31 5.73 11.81 5.38
Return After Taxes on Dist w/Max Sales Charge -1.53 5.50 11.59 5.19
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge -0.58 4.40 9.42 4.29
S&P 500 Index2 3.70 1.83 9.79 8.06 9.06 14.43 6.88
Morningstar™ Large Blend Category7 4.10 2.01 8.52 6.33 7.05 12.92 6.01
09/30/2016
Fund at NAV -0.43 3.87 4.64 12.28 9.81 14.99 6.25
Fund w/Max Sales Charge -6.14 -2.12 -1.38 5.79 7.66 13.64 5.62
Return After Taxes on Dist w/Max Sales Charge 5.56 7.42 13.42 5.43
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 3.46 5.91 10.95 4.50
S&P 500 Index2 0.02 3.85 7.84 15.43 11.15 16.35 7.23
Morningstar™ Large Blend Category7 -0.08 3.80 6.01 12.03 8.75 14.71 6.34
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. After-tax returns are calculated using certain assumptions, including using the highest historical individual federal income tax rates, and do not reflect the impact of state/local taxes. Actual after-tax returns depend on a shareholder's tax situation and the actual characterization of distributions and may differ from those shown. After-tax returns are not relevant to shareholders who hold shares in tax-deferred accounts or shares held by nontaxable entities. Return After Taxes on Distributions may be the same as Return Before Taxes for the same period because no taxable distributions were made during that period. Return After Taxes on Distributions and Sale of Fund Shares may be greater than or equal to Return After Taxes on Distributions for the same period because of losses realized on the sale of Fund shares. Before-tax and after-tax returns for other classes of shares offered by the Fund are different. Max Sales Charge: 5.75%.

Calendar Year Returns (%)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Fund at NAV 13.07 4.13 -33.10 22.59 12.15 0.20 14.87 31.76 12.10 2.03
S&P 500 Index2 15.79 5.49 -37.00 26.46 15.06 2.11 16.00 32.39 13.69 1.38

Fund Facts

Expense Ratio4 0.97%
Class A Inception 02/28/2001
Performance Inception 03/29/1966
Distribution Frequency Annually

Risk Measures (3 Year)8as of Nov 30, 2016

Alpha (%) -1.21
Beta 1.01
R-Squared (%) 98.40
Standard Deviation (%) 10.97
Sharpe Ratio 0.70

Morningstar™ Ratingsas of Nov 30, 2016

Time Period Rating Funds in
Large Blend
Category
Overall *** 1253
3 Years *** 1253
5 Years *** 1099
10 Years *** 803
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

©2016 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

NAV History

Date NAV NAV Change
Dec 09, 2016 $19.41 $0.12
Dec 08, 2016 $19.29 $0.06
Dec 07, 2016 $19.23 $0.23
Dec 06, 2016 $19.00 $0.06
Dec 05, 2016 $18.94 $0.13
Dec 02, 2016 $18.81 -$0.02
Dec 01, 2016 $18.83 -$0.05
Nov 30, 2016 $18.88 $0.00
Nov 29, 2016 $18.88 $0.03
Nov 28, 2016 $18.85 -$0.12
View All

Distribution History9

Ex-Date Distribution Reinvest NAV
Dec 17, 2015 $0.16540 $17.71
Dec 19, 2014 $0.15730 $17.60
Dec 19, 2013 $0.13760 $15.39
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
Fund prospectus

Capital Gain History9

Ex-Date Short-Term Long-Term Reinvest NAV
No records in this table indicates that there has not been a capital gain greater than .0001 within the past 3 years.
Fund prospectus

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

Fund performance is sensitive to stock market volatility. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. Market conditions may limit the ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund's ability to utilize various tax-managed techniques may be curtailed or eliminated in the future by tax legislation or regulation. 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.


Portfolio

Asset Mix (%)6,10as of Oct 31, 2016

U.S. Common Stocks 95.61
Foreign Common Stocks 2.60
Cash 1.79
Total 100.00

Portfolio Statisticsas of Oct 31, 2016

Average Market Cap $168.1B
Price/Earnings Ratio 17.90
Number of Issuers 438
Price/Book Ratio 3.09
Last Capital Gain Date Never

GICS Sector Breakdown (%)6as of Oct 31, 2016

Sector Fund S&P 500 Index2
Consumer Discretionary 14.69 12.25
Consumer Staples 10.24 10.04
Energy 6.58 7.20
Financials 16.23 13.31
Health Care 13.42 13.98
Industrials 10.47 9.91
Information Technology 23.96 21.63
Materials 1.94 2.88
Real Estate 0.04 2.95
Telecom Services 0.40 2.49
Utilities 0.25 3.38
Cash 1.79 0.00

Fund Holdings (%)6,11as of Oct 31, 2016

Holding % of Net Assets
Apple Inc 3.37%
Facebook Inc 2.88%
Exxon Mobil Corp 2.39%
Amazon.com Inc 2.31%
Alphabet Inc - CL C 2.14%
Intel Corp 2.07%
JPMorgan Chase & Co 2.03%
Alphabet Inc - CL A 2.01%
Johnson & Johnson 2.00%
Wells Fargo & Co 1.93%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

Fund performance is sensitive to stock market volatility. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. Market conditions may limit the ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund's ability to utilize various tax-managed techniques may be curtailed or eliminated in the future by tax legislation or regulation. 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.


Insights & Analysis

Commentary

A Word On The Markets as of Sep 30, 2016

Global stock markets moved higher in the third quarter of 2016 amid continued low interest rates and diminishing concern about Britain's vote to leave the European Union.

Recovering from their sharp pullback following Britain's "Brexit" vote in late June 2016, stocks advanced for much of the summer. Major U.S. stock indexes reached multiple record highs during August 2016, as an upturn in oil prices also boosted stocks.

In the final month of the period, U.S. equity markets turned choppy, as investors worried about the likelihood of an interest-rate hike by the U.S. Federal Reserve (the Fed). Declining corporate profits and overall U.S. economic health also weighed on markets. Retail sales dipped in August after a slight gain in July. Home sales also fell in August, while durable goods orders were flat.

The Fed's decision at its September meeting to leave rates unchanged sent stocks higher. U.S stocks also got a brief boost late in the period after OPEC nations reached an initial agreement to cut oil production. Stocks along with oil prices reacted with solid gains.

Globally, low interest rates helped drive most stock markets higher during the three-month period. Signs of strength in China's beleaguered economy, including improved business and consumer confidence, also cheered investors.

The prospect of continued low interest rates helped global equity markets deliver solid gains for the three-month period. The Dow Jones Industrial Average12 recorded a 2.78% gain, while the broader S&P 500 Index2 rose 3.85%. The technology-laden NASDAQ Composite Index added 9.69%.13 Globally, the MSCI EAFE Index14 gained 6.43% in the quarter. Small-cap stocks outperformed their large-cap counterparts during the quarter. In terms of investing style, growth stocks topped value stocks in both the large-cap and small-cap categories.

Performance Summary 

Eaton Vance Tax-Managed Growth Fund 1.2 (the Fund) outperformed its benchmark, the S&P 500 Index (the Index)2, for the quarter ended September 30, 2016, returning 3.87% for Class A shares at net asset value versus the Index's 3.85% return.

  • The Fund's outperformance relative to the Index was due primarily to sector allocation. Meanwhile, stock selection detracted from the Fund's performance versus the Index.
  • The top-performing economic sectors in the Index were financials, information technology and industrials. Meanwhile, the weakest-performing Index sectors were utilities and telecommunication services. Sector leadership illustrates the market's bias for the period, favoring more cyclical stocks. A second illustration of this pattern was that the top quintile beta stocks in the S&P 500 index jumped +11%, while bottom quintile beta names fell -3%.
  • Of the 11 economic sectors in the Index, seven posted positive returns for the quarter. The Fund also had positive returns in six sectors.

Historical Returns (%)as of Sep 30, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
Fund at NAV -0.43 3.87 4.64 12.28 9.81 14.99 6.25
Fund w/Max Sales Charge -6.14 -2.12 -1.38 5.79 7.66 13.64 5.62
Return After Taxes on Dist w/Max Sales Charge 5.56 7.42 13.42 5.43
Return After Taxes on Dist & Sales of Fund Shares w/Max Sales Charge 3.46 5.91 10.95 4.50
S&P 500 Index2 0.02 3.85 7.84 15.43 11.15 16.35 7.23
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. After-tax returns are calculated using certain assumptions, including using the highest historical individual federal income tax rates, and do not reflect the impact of state/local taxes. Actual after-tax returns depend on a shareholder's tax situation and the actual characterization of distributions and may differ from those shown. After-tax returns are not relevant to shareholders who hold shares in tax-deferred accounts or shares held by nontaxable entities. Return After Taxes on Distributions may be the same as Return Before Taxes for the same period because no taxable distributions were made during that period. Return After Taxes on Distributions and Sale of Fund Shares may be greater than or equal to Return After Taxes on Distributions for the same period because of losses realized on the sale of Fund shares. Before-tax and after-tax returns for other classes of shares offered by the Fund are different. Max Sales Charge: 5.75%.

Fund Factsas of Sep 30, 2016

Class A Inception 02/28/2001
Performance Inception 03/29/1966
Expense Ratio4 0.97%

Contributors 

Information technology was the Fund's top performing sector versus the Index, thanks to both stock selection and allocation effects. Additional positive allocation effects came from being underweight to the "bond proxy" sectors. Telecommunication services, real estate and utilities all finished down for the period.

  • At the individual stock level, underweight positions in AT&T Inc. and Verizon Communications contributed to the Fund's relative performance, as both stocks underperformed for the quarter.
  • An overweight position in Intel Corporation also contributed to relative performance. The computer component company's stock was propelled upward by a raise in Q3 guidance, citing improving personal computer demand.
  • Additionally, Charles Schwab Corporation boosted the Fund's relative performance versus the index. The financial services company reported better than expected results for Q2, after increasing revenues and widening margins. The Q2 earnings release had a positive effect on the company's stock price.

Detractors 

Health care and consumer discretionary were the Fund's worst performing sectors versus the Index for the period. Stock selection was the primary detractor for those sectors that underperformed.

  • Bristol Myers Squibb was the Fund's biggest relative performance detractor for the period. The biopharmaceutical company experienced a failed lung cancer drug trial in August. This event sent its stock down sharply.
  • A second overweight position that also hurt relative performance was Novo Nordisk. The Danish multinational pharmaceutical company's stock was hit during the quarter for both missing Q2 revenue expectations and market participants' growing concern about pricing power with the company's most popular drugs.
  • Starbucks Corporation was a consumer discretionary overweight that detracted from Fund relative performance. The coffee company's earnings per share for the quarter met consensus estimates. However, the release wasn't received well by market participants, as share buybacks and lower tax rates aided the reported EPS number.

Investment Outlook And Fund Positioning 

We believe overall earnings growth will continue to be scarce amid the sluggish global macroeconomic environment. As a result, we continue to search for growth in diverse places. In this environment, we are seeing three different types of opportunities.

First, we are excited by a number of companies with "underappreciated" growth. These are companies with superior, open-ended long term growth potential that trade in line or only modestly more expensive than the no-growth broad market.

Second are the "unrecognized" growth companies which may not be in traditionally high growth industries but are finding ways to drive their market shares and margins higher.

Finally, we see "undervalued" growth opportunities in areas like biotechnology, an industry with high growth potential but low valuations.

Top 10 Holdings (%)5,6as of Sep 30, 2016

Apple Inc 3.28
Facebook Inc 2.75
Exxon Mobil Corp 2.44
Amazon.com Inc 2.39
Intel Corp 2.18
Alphabet Inc - CL C 2.07
Johnson & Johnson 1.99
Alphabet Inc - CL A 1.95
JPMorgan Chase & Co 1.91
NIKE Inc 1.86
Total 22.80

The views expressed in this report are those of portfolio manager(s) and are current only through the date stated at the top of this page. These views are subject to change at any time based upon market or other conditions, and Eaton Vance disclaims any responsibility to update such views. These views may not be relied upon as investment advice and, because investment decisions are based on many factors, may not be relied upon as an indication of trading intent on behalf of any Eaton Vance fund. This commentary may contain statements that are not historical facts, referred to as "forward looking statements". The Fund's actual future results may differ significantly from those stated in any forward-looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of Fund shares, the continuation of investment advisory, administrative and service contracts, and other risks discussed from time to time in the Fund's filings with the Securities and Exchange Commission.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

Fund performance is sensitive to stock market volatility. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. Market conditions may limit the ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund's ability to utilize various tax-managed techniques may be curtailed or eliminated in the future by tax legislation or regulation. 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.

Attribution

No attribution information is currently available.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Fund invests in an affiliated investment company (Portfolio) with the same objective(s) and policies as the Fund. References to investments are to the Portfolio's holdings.

About Risk 

Fund performance is sensitive to stock market volatility. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. Market conditions may limit the ability to generate tax losses or to generate dividend income taxed at favorable tax rates. The Fund's ability to utilize various tax-managed techniques may be curtailed or eliminated in the future by tax legislation or regulation. 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.


Management

Biography
Lewis R. Piantedosi

Lewis R. Piantedosi

Vice President, Eaton Vance Management
Joined Eaton Vance 1999

Lewis Piantedosi is a vice president of Eaton Vance Management, portfolio manager and team leader of Eaton Vance’s growth team. He is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s growth equity strategies. He is a member of the firm’s Equity Strategy Committee. He joined Eaton Vance in 1993.

Lew began his career in the investment management industry with Eaton Vance, where he worked for three years. He then served as partner, portfolio manager and equity analyst with Freedom Capital Management for another three years before rejoining Eaton Vance in 1999.

Lew earned a B.A. from Framingham State College and an MBA from Bentley University.

Education
  • B.A. Framingham State College
  • M.B.A McCallum Graduate School of Business, Bentley College

Experience
  • Managed Fund since 2006

Biography
Yana S. Barton, CFA

Yana S. Barton, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 1997

Yana Barton is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s growth team. She is responsible for buy and sell decisions, portfolio construction and risk management for the firm’s growth equity strategies. She is a member of the firm’s Equity Strategy Committee. She began her career in the investment management industry with Eaton Vance in 1997.

Yana earned a B.S. from the University of Florida. She is a member of the Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.S.B.A., The University of Florida

Experience
  • Managed Fund since 2008

Biography
Michael A. Allison, CFA

Michael A. Allison, CFA

Vice President, Eaton Vance Management
Joined Eaton Vance 2000

Michael Allison is a vice president of Eaton Vance Management, a director of equity strategy implementation and a structured equity portfolio manager on a number of Eaton Vance’s global and domestic equity income and tax-managed equity portfolios. On those funds, he is responsible for portfolio construction, tax oversight and risk management. He is a member of the firm’s Equity Strategy Committee. He joined Eaton Vance in 2000.

Mike began his career in the investment management industry in 1988. Before joining Eaton Vance, Mike was an equity analyst for Schroder Investment Management North America Inc. He was also affiliated with Fleet Investment Advisors and Phoenix Home Life Mutual Fund Insurance Co.

Mike earned a B.S.B.A. from the University of Denver. He is a member of the Boston Security Analysts Society and is a CFA charterholder.

Education
  • B.S.B.A., The University of Denver

Experience
  • Managed Fund since 2008


Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2016

Commentary

Download - Last updated: Sep 30, 2016

Annual Report

Download - Last updated: Dec 31, 2015

Full Prospectus

Download - Last updated: May 1, 2016

Holdings-1st or 3rd fiscal quarters-www.sec.gov

Download

SAI

Download - Last updated: May 1, 2016

Semi-Annual Report

Download - Last updated: Jun 30, 2016

Summary Prospectus

Download - Last updated: May 1, 2016

XBRL

Download - Last updated: May 12, 2016