ECMGX — Eaton Vance Tax-Managed Small-Cap Fund
Data updated: 2026-09-29
ECMGX — Eaton Vance Tax-Managed Small-Cap Fund. United States Small Cap Growth Equity · $112.43M AUM. Holdings, fees, performance and SEC filings.
ECMGX Fund Overview
ECMGX — Eaton Vance Tax-Managed Small-Cap Fund is a US mutual fund managed by Eaton Vance Mutual Funds Trust, categorised as United States Small Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Eaton Vance Mutual Funds Trust
- Category: United States Small Cap Growth Equity
- Assets under management: $112.43M
- 1-year return: 4.6%
- Ticker: ECMGX
- SEC CIK: 0000745463
- SEC series ID: S000005283
- Share class ID: C000014433
ECMGX Investment Objective and Strategy
Eaton Vance Tax-Managed Small-Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Eaton Vance Mutual Funds Trust.
Investment objective
The Funds investment objective is to achieve long-term, after-tax returns for its shareholders.
Principal investment strategy
The Fund invests primarily in a diversified portfolio of publicly traded common stocks of small-cap companies that, in the opinion of the investment adviser, are expected to achieve earnings growth over the long term that exceeds the average of all publicly-traded small-cap companies in the United States. The portfolio managers generally consider small-cap companies to be companies having a market capitalization that falls: (i) within or below the range of companies in either the current Russell 2000 Index or the S&P SmallCap 600 Index; or (ii) below the three-year average maximum market cap of companies in either index as of December 31 of the three preceding years. The Fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small-cap companies (the 80% Policy).
The market capitalization range for the Russell 2000 Index was $1.7 million to $9.4 billion, and the market capitalization range for the S&P SmallCap 600 Index was $95.5 million to $9.4 billion as of December 31, 2017. The average maximum market capitalization of companies in either index as of December 31 of the three preceding years ended 2017 was $8.8 billion. The Fund may also invest in larger companies. Although it invests primarily in U.S. companies, the Fund may invest up to 25% of its total assets in foreign securities issued by companies domiciled in developed or emerging market countries. As an alternative to holding foreign stocks directly, the Fund may invest in U.S. dollar-denominated securities of foreign companies that trade on U.S. exchanges or in the over-the-counter market (including depositary receipts, which evidence ownership in underlying foreign stocks).
The Fund may invest in exchange-traded funds (ETFs), a type of pooled investment vehicle, in order to manage cash positions or to seek exposure to certain markets or market sectors. The Fund may also invest in publicly traded real estate investment trusts (REITs). Buy and sell decisions are made by balancing investment considerations and tax considerations, and taking into account the taxes payable by shareholders in connection with distributions of investment income and net realized gains. The Fund seeks to minimize income distributions and distributions of realized short-term gains that are taxed as ordinary income, as well as distributions of realized long-term gains (taxed as long-term capital gains). In making investment decisions, the portfolio managers rely on the investment advisers research staff.
The portfolio managers look for companies that, in their opinion, are high in quality or improving in quality. The portfolio managers take a long-term perspective when selecting companies and the quality focus typically leads them to companies benefitting from structural growth or structural change. Sought after company characteristics may include: a business model with identifiable competitive advantage(s)/barrier(s) to entry, a scalable market opportunity, a solid balance sheet, and a strong management team with a history of good capital allocation. Such companies typically exhibit high or improving returns on capital, strong free-cash-flow generation, and positive or inflecting earnings. The portfolio managers also employ a disciplined valuation framework in pursuit of attractive risk adjusted returns.
The portfolio managers seek to manage investment risk by maintaining broad issuer and industry diversification among the Funds holdings, and by utilizing fundamental analysis of risk/return characteristics in securities selection. Securities may be sold if, in the opinion of the portfolio managers, the price moves above a fair level of valuation, the companys fundamentals deteriorate, or to pursue more attractive investment opportunities. The Fund currently invests its assets in the Portfolio, a separate registered investment company with the same investment objective and policies as the Fund.
ECMGX Holdings
Top 1 holdings of Eaton Vance Tax-Managed Small-Cap Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Tax Managed Small Cap Portfolio | 100.19% |
ECMGX Portfolio Allocation
Asset-class allocation of Eaton Vance Tax-Managed Small-Cap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.2% |
ECMGX Performance
Total returns for ECMGX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 3.7% |
| 1 year | 4.6% |
| 3 years (annualised) | 3.6% |
| 5 years (annualised) | 0.7% |
ECMGX Risk Information
Risk metrics for ECMGX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.3%
ECMGX Costs and Fees
ECMGX costs about $189 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.89%
- Gross expense ratio: 1.89%
- Portfolio turnover: 41%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
ECMGX Cashflows
Over the 12 months to 2026-04, Eaton Vance Tax-Managed Small-Cap Fund had net outflows of $10.23M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$1.73M |
| 2026-03 | −$1.77M |
| 2026-02 | −$1.42M |
| 2026-01 | −$1.73M |
| 2025-12 | $4.65M |
| 2025-11 | −$1.35M |
ECMGX Debt Constituents
No individual debt constituents are reported in Eaton Vance Tax-Managed Small-Cap Fund's latest SEC N-PORT filing.
ECMGX Prospectus and SEC Filings
Official Eaton Vance Tax-Managed Small-Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-26
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus (485BPOS) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-24
- Portfolio holdings (N-PORT) — filed 2026-03-31
- Annual census (N-CEN) — filed 2026-01-13
- Annual census (N-CEN) — filed 2025-01-14
Related Funds
Other United States Small Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.