# EDGAR Filing Document

**Accession Number:** 0001116071
**File Stem:** 0001752724-23-075503
**Filing Date:** 2023-3
**Character Count:** 34208
**Document Hash:** 87e95b1ae2d5ce26fa501f8320e65371
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-075503.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-075503

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tax-Managed Multi-Cap Growth Portfolio
- **CENTRAL INDEX KEY:** 0001116071
- **IRS NUMBER:** 043503878
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09837
- **FILM NUMBER:** 23784735

**BUSINESS ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 800-225-6265

**MAIL ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TAX MANAGED MULTI CAP OPPORTUNITY PORTFOLIO
- **DATE OF NAME CHANGE:** 20020301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAPITAL APPRECIATION PORTFOLIO /MA/
- **DATE OF NAME CHANGE:** 20000602

## Series and Classes Contracts Data

### TAX MANAGED MULTI CAP GROWTH PORTFOLIO (Series ID: S000005251)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000014303 | TAX MANAGED MULTI CAP GROWTH PORTFOLIO |  |

## Nport-Ex

Tax-Managed Multi-Cap Growth Portfolio<br>

January 31, 2023

Portfolio of Investments (Unaudited)

------

Common Stocks — 98.5%

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Biotechnology — 2.6% | Biotechnology — 2.6% | Biotechnology — 2.6% |
| Vertex Pharmaceuticals, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;15175 | &nbsp;&nbsp;$4903043 |
|  |  | &nbsp;&nbsp;**$4903043** |
| Building Products — 0.4% | Building Products — 0.4% | Building Products — 0.4% |
| Trex Co., Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;15892 | &nbsp;&nbsp;$837826 |
|  |  | &nbsp;&nbsp;**$837826** |
| Capital Markets — 1.2% | Capital Markets — 1.2% | Capital Markets — 1.2% |
| S&P Global, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5966 | &nbsp;&nbsp;$2236892 |
|  |  | &nbsp;&nbsp;**$2236892** |
| Chemicals — 1.9% | Chemicals — 1.9% | Chemicals — 1.9% |
| Celanese Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6569 | &nbsp;&nbsp;$809301 |
| Ecolab, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7531 | &nbsp;&nbsp;&nbsp;&nbsp; 1166025 |
| Sherwin-Williams Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6570 | &nbsp;&nbsp;&nbsp;&nbsp; 1554396 |
|  |  | &nbsp;&nbsp;**$3529722** |
| Commercial Services & Supplies — 2.0% | Commercial Services & Supplies — 2.0% | Commercial Services & Supplies — 2.0% |
| Copart, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;24710 | &nbsp;&nbsp;$1645933 |
| Waste Connections, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16156 | &nbsp;&nbsp;&nbsp;&nbsp; 2147133 |
|  |  | &nbsp;&nbsp;**$3793066** |
| Electrical Equipment — 2.6% | Electrical Equipment — 2.6% | Electrical Equipment — 2.6% |
| AMETEK, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34300 | &nbsp;&nbsp;$4970756 |
|  |  | &nbsp;&nbsp;**$4970756** |
| Entertainment — 1.2% | Entertainment — 1.2% | Entertainment — 1.2% |
| Electronic Arts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7649 | &nbsp;&nbsp;$984273 |
| Walt Disney Co. (The)<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;12454 | &nbsp;&nbsp;&nbsp;&nbsp; 1351135 |
|  |  | &nbsp;&nbsp;**$2335408** |
| Food & Staples Retailing — 1.9% | Food & Staples Retailing — 1.9% | Food & Staples Retailing — 1.9% |
| Performance Food Group Co.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;58516 | &nbsp;&nbsp;$3588201 |
|  |  | &nbsp;&nbsp;**$3588201** |
| Food Products — 1.2% | Food Products — 1.2% | Food Products — 1.2% |
| Mondelez International, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;35144 | &nbsp;&nbsp;$2299823 |
|  |  | &nbsp;&nbsp;**$2299823** |
| Health Care Equipment & Supplies — 2.8% | Health Care Equipment & Supplies — 2.8% | Health Care Equipment & Supplies — 2.8% |
| Intuitive Surgical, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8574 | &nbsp;&nbsp;$2106546 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Health Care Equipment & Supplies (continued) | Health Care Equipment & Supplies (continued) | Health Care Equipment & Supplies (continued) |
| Stryker Corp. | &nbsp;&nbsp;&nbsp;&nbsp;12668 | &nbsp;&nbsp;$3215265 |
|  |  | &nbsp;&nbsp;**$5321811** |
| Health Care Providers & Services — 4.1% | Health Care Providers & Services — 4.1% | Health Care Providers & Services — 4.1% |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15597 | &nbsp;&nbsp;$7785866 |
|  |  | &nbsp;&nbsp;**$7785866** |
| Hotels, Restaurants & Leisure — 1.7% | Hotels, Restaurants & Leisure — 1.7% | Hotels, Restaurants & Leisure — 1.7% |
| Booking Holdings, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735 | &nbsp;&nbsp;$1789064 |
| Starbucks Corp. | &nbsp;&nbsp;&nbsp;&nbsp;12443 | &nbsp;&nbsp;&nbsp;&nbsp; 1358029 |
|  |  | &nbsp;&nbsp;**$3147093** |
| Interactive Media & Services — 9.4% | Interactive Media & Services — 9.4% | Interactive Media & Services — 9.4% |
| Alphabet, Inc., Class A<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;74040 | &nbsp;&nbsp;$7318114 |
| Alphabet, Inc., Class C<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;74560 | &nbsp;&nbsp;&nbsp;&nbsp; 7446307 |
| Meta Platforms, Inc., Class A<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;20515 | &nbsp;&nbsp;&nbsp;&nbsp; 3056119 |
|  |  | &nbsp;&nbsp;**$17820540** |
| Internet & Direct Marketing Retail — 6.9% | Internet & Direct Marketing Retail — 6.9% | Internet & Direct Marketing Retail — 6.9% |
| Amazon.com, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;125944 | &nbsp;&nbsp;$12988605 |
|  |  | &nbsp;&nbsp;**$12988605** |
| IT Services — 11.8% | IT Services — 11.8% | IT Services — 11.8% |
| Accenture PLC, Class A | &nbsp;&nbsp;&nbsp;&nbsp;18307 | &nbsp;&nbsp;$5108568 |
| Fiserv, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;13974 | &nbsp;&nbsp;&nbsp;&nbsp; 1490746 |
| GoDaddy, Inc., Class A<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;44180 | &nbsp;&nbsp;&nbsp;&nbsp; 3628504 |
| Okta, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;15035 | &nbsp;&nbsp;&nbsp;&nbsp; 1106726 |
| PayPal Holdings, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;17140 | &nbsp;&nbsp;&nbsp;&nbsp; 1396739 |
| Visa, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;42000 | &nbsp;&nbsp;&nbsp;&nbsp; 9668820 |
|  |  | &nbsp;&nbsp;**$22400103** |
| Life Sciences Tools & Services — 1.7% | Life Sciences Tools & Services — 1.7% | Life Sciences Tools & Services — 1.7% |
| Danaher Corp. | &nbsp;&nbsp;&nbsp;&nbsp;11868 | &nbsp;&nbsp;$3137662 |
|  |  | &nbsp;&nbsp;**$3137662** |
| Personal Products — 1.6% | Personal Products — 1.6% | Personal Products — 1.6% |
| Estee Lauder Cos., Inc. (The), Class A | &nbsp;&nbsp;&nbsp;&nbsp;10679 | &nbsp;&nbsp;$2958937 |
|  |  | &nbsp;&nbsp;**$2958937** |
| Pharmaceuticals — 3.0% | Pharmaceuticals — 3.0% | Pharmaceuticals — 3.0% |
| Royalty Pharma PLC, Class A | &nbsp;&nbsp;&nbsp;&nbsp;35581 | &nbsp;&nbsp;$1394419 |
| Zoetis, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;26003 | &nbsp;&nbsp;&nbsp;&nbsp; 4303237 |
|  |  | &nbsp;&nbsp;**$5697656** |

---

------

Tax-Managed Multi-Cap Growth Portfolio<br>

January 31, 2023

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Road & Rail — 3.3% | Road & Rail — 3.3% | Road & Rail — 3.3% |
| J.B. Hunt Transport Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14100 | &nbsp;&nbsp;$2665605 |
| Norfolk Southern Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8734 | &nbsp;&nbsp;&nbsp;&nbsp; 2146905 |
| Uber Technologies, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;47387 | &nbsp;&nbsp;&nbsp;&nbsp; 1465680 |
|  |  | &nbsp;&nbsp;**$6278190** |
| Semiconductors & Semiconductor Equipment — 2.0% | Semiconductors & Semiconductor Equipment — 2.0% | Semiconductors & Semiconductor Equipment — 2.0% |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8854 | &nbsp;&nbsp;$3776762 |
|  |  | &nbsp;&nbsp;**$3776762** |
| Software — 16.9% | Software — 16.9% | Software — 16.9% |
| Adobe, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;14102 | &nbsp;&nbsp;$5222535 |
| Altair Engineering, Inc., Class A<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7902 | &nbsp;&nbsp;&nbsp;&nbsp; 419596 |
| Intuit, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6414 | &nbsp;&nbsp;&nbsp;&nbsp; 2711005 |
| Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp;74352 | &nbsp;&nbsp;&nbsp;&nbsp; 18425169 |
| NICE, Ltd. ADR<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2287 | &nbsp;&nbsp;&nbsp;&nbsp; 474393 |
| Salesforce, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;27530 | &nbsp;&nbsp;&nbsp;&nbsp; 4624214 |
|  |  | &nbsp;&nbsp;**$31876912** |
| Specialty Retail — 1.9% | Specialty Retail — 1.9% | Specialty Retail — 1.9% |
| TJX Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;44664 | &nbsp;&nbsp;$3656195 |
|  |  | &nbsp;&nbsp;**$3656195** |
| Technology Hardware, Storage & Peripherals — 10.3% | Technology Hardware, Storage & Peripherals — 10.3% | Technology Hardware, Storage & Peripherals — 10.3% |
| Apple, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;134541 | &nbsp;&nbsp;$19412921 |
|  |  | &nbsp;&nbsp;**$19412921** |
| Textiles, Apparel & Luxury Goods — 3.4% | Textiles, Apparel & Luxury Goods — 3.4% | Textiles, Apparel & Luxury Goods — 3.4% |
| Lululemon Athletica, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;13063 | &nbsp;&nbsp;$4008773 |
| NIKE, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;19321 | &nbsp;&nbsp;&nbsp;&nbsp; 2460143 |
|  |  | &nbsp;&nbsp;**$6468916** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Trading Companies & Distributors — 2.7% | Trading Companies & Distributors — 2.7% | Trading Companies & Distributors — 2.7% |
| United Rentals, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;11573 | &nbsp;&nbsp;$5103114 |
|  |  | &nbsp;&nbsp;**$5103114** |
| Total Common Stocks<br> (identified cost $68,047,158) |  | &nbsp;&nbsp;**$186326020** |

---

Short-Term Investments — 1.6%

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 4.14%<sup>(2)</sup> | 2963067 | &nbsp;&nbsp;$2963067 |
| Total Short-Term Investments<br> (identified cost $2,963,067) |  | &nbsp;&nbsp;**$2963067** |
| Total Investments — 100.1%<br> (identified cost $71,010,225) |  | &nbsp;&nbsp;**$189289087** |
| Other Assets, Less Liabilities — (0.1)% |  | &nbsp;&nbsp;**$(133926)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$189155161** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | The percentage shown for each investment category in the Portfolio of Investments is based on net assets. |
| <sup>(1)</sup> | Non-income producing security. |
| <sup>(2)</sup> | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of January 31, 2023. |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| ADR | – American Depositary Receipt |

---

The Portfolio did not have any open derivative instruments at January 31, 2023.

Affiliated Investments

At January 31, 2023, the value of the Portfolio's investment in funds that may be deemed to be affiliated was $2,963,067, which represents 1.6% of the Portfolio's net assets. Transactions in such funds by the Portfolio for the fiscal year to date ended January 31, 2023 were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Value,<br> beginning<br> of period** | **Purchases** | **Sales<br> proceeds** | **Net<br> realized<br> gain (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Value, end<br> of period** | **Dividend<br> income** | **Shares,<br> end of period** |
| **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** |
| Liquidity Fund, Institutional Class<sup>(1)</sup> | $1264568 | $3493897 | $(1795398) | $— | $— | $2963067 | $29817 | 2963067 |

---

<sup>(1)</sup> Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio.

------

Tax-Managed Multi-Cap Growth Portfolio<br>

January 31, 2023

Portfolio of Investments (Unaudited) — continued

------

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 January 31, 2023, the hierarchy of inputs used in valuing the Portfolio's investments, which are carried at value, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total** |
| Common Stocks | &nbsp;&nbsp;$186,326,020\* | &nbsp;&nbsp;$— | &nbsp;&nbsp;$— | &nbsp;&nbsp;$186326020 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 2963067 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2963067 |
| **Total Investments** | &nbsp;&nbsp;**$189289087** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$189289087** |

---

\* The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

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.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Tax-Managed Multi-Cap Growth Portfolio

- **b. Investment Company Act file number:** 811-09837

- **c. CIK number of Registrant:** 0001116071

- **d. LEI of Registrant:** 549300785MJH7XEI3694

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** TWO INTERNATIONAL PLACE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-482-8260

**Item A.2. Information about the Series.**

- **a. Name of Series:** TAX MANAGED MULTI CAP GROWTH PORTFOLIO

- **b. EDGAR series identifier (if any):** S000005251

- **c. LEI of Series:** 549300785MJH7XEI3694

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $189820796.67

**Total Liabilities:** $665639.44

**Net Assets:** $189155157.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000014303 | 5.23%                | -6.82%               | 8.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $191034.93               | $8320285.34                                |
| Month 2  | $151294.92               | $-12796948.03                              |
| Month 3  | $230742.95               | $15347743.55                               |

### Schedule of Portfolio Investments

| Name                           | Title                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Salesforce Inc                 | Salesforce Inc                                                      | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     27530 | NS      | $4624214.10   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                                                          | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      6414 | NS      | $2711005.38   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                  | Accenture PLC                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     18307 | NS      | $5108568.35   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                     | AMETEK Inc                                                          | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     34300 | NS      | $4970756.00   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc     | Vertex Pharmaceuticals Inc                                          | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     15175 | NS      | $4903042.50   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc     | Mondelez International Inc                                          | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     35144 | NS      | $2299823.36   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                       | Okta Inc                                                            | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |     15035 | NS      | $1106726.35   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                    | Trex Co Inc                                                         | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15892 | NS      | $837826.24    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                                              | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     15597 | NS      | $7785866.43   | 4.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc             | United Rentals Inc                                                  | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |     11573 | NS      | $5103114.35   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc          | Uber Technologies Inc                                               | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     47387 | NS      | $1465679.91   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                       | NIKE Inc                                                            | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     19321 | NS      | $2460142.93   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                  | Celanese Corp                                                       | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |      6569 | NS      | $809300.80    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc            | PayPal Holdings Inc                                                 | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     17140 | NS      | $1396738.60   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                                                        | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     74040 | NS      | $7318113.60   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The       | Estee Lauder Cos Inc/The                                            | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     10679 | NS      | $2958937.32   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                                            | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     42000 | NS      | $9668820.00   | 5.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                     | Zoetis Inc                                                          | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     26003 | NS      | $4303236.47   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                     | Fiserv Inc                                                          | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     13974 | NS      | $1490746.32   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp          | Norfolk Southern Corp                                               | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      8734 | NS      | $2146904.54   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                                                      | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     74352 | NS      | $18425169.12  | 9.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                   | Stryker Corp                                                        | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     12668 | NS      | $3215265.08   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                                           | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     14102 | NS      | $5222534.68   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                                                        | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     74560 | NS      | $7446307.20   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Altair Engineering Inc         | Altair Engineering Inc                                              | CUSIP: 021369103<br>LEI: 549300FJ89HZ6GU9S994 | Long             | EC               | CORP              | US        |      7902 | NS      | $419596.20    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The             | Walt Disney Co/The                                                  | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     12454 | NS      | $1351134.46   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                    | GoDaddy Inc                                                         | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     44180 | NS      | $3628503.40   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                       | Nice Ltd                                                            | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |      2287 | NS      | $474392.41    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                | TJX Cos Inc/The                                                     | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     44664 | NS      | $3656195.04   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc         | Intuitive Surgical Inc                                              | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      8574 | NS      | $2106546.06   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                     | Ecolab Inc                                                          | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      7531 | NS      | $1166024.73   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The        | Sherwin-Williams Co/The                                             | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      6570 | NS      | $1554396.30   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                                                  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     20515 | NS      | $3056119.55   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc        | Lululemon Athletica Inc                                             | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     13063 | NS      | $4008773.44   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc          | Waste Connections Inc                                               | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     16156 | NS      | $2147132.40   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC       | Morgan Stanley Institutional Liquidity Funds - Government Portfolio | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   2963067 | NS      | $2963067.14   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                 | Starbucks Corp                                                      | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     12443 | NS      | $1358029.02   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc | JB Hunt Transport Services Inc                                      | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |     14100 | NS      | $2665605.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc   | Monolithic Power Systems Inc                                        | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      8854 | NS      | $3776762.24   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                                                          | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     24710 | NS      | $1645933.10   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc            | Electronic Arts Inc                                                 | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      7649 | NS      | $984273.32    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    134541 | NS      | $19412920.89  | 10.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                   | Danaher Corp                                                        | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     11868 | NS      | $3137661.84   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co      | Performance Food Group Co                                           | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     58516 | NS      | $3588201.12   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc           | Booking Holdings Inc                                                | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       735 | NS      | $1789063.50   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                 | S&P Global Inc                                                      | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      5966 | NS      | $2236892.04   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                                                      | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    125944 | NS      | $12988604.72  | 6.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma PLC             | Royalty Pharma PLC                                                  | CUSIP: 000000000<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |     35581 | NS      | $1394419.39   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-27

**Name of Applicant:** Tax-Managed Multi-Cap Growth Portfolio

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer