The Fund did not have any open
derivative instruments at February 28, 2022.
Affiliated Investments
At February 28, 2022, the value of
the Fund's investment in affiliated funds was $1,828,180, which represents 2.7% of the Fund's net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended February 28, 2022 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
| Units, end
of period
|
| Short-Term Investments
|
| Eaton Vance Cash Reserves Fund, LLC
| $1,330,780
| $8,762,869
| $(8,265,460)
| $ —
| $(9)
| $1,828,180
| $487
| 1,828,363
|
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 February 28, 2022, the hierarchy
of inputs used in valuing the Fund's investments, which are carried at value, were as follows:
| Asset Description
| Level 1
| Level 2
| Level 3
| Total
|
| Common Stocks:
|
|
|
|
|
| Asia/Pacific
| $ —
| $ 21,054,710
| $ —
| $21,054,710
|
| Developed Europe
| 564,007
| 34,456,881
| —
| 35,020,888
|
| North America
| 6,891,883
| —
| —
| 6,891,883
|
| Total Common Stocks
| $7,455,890
| $55,511,591*
| $ —
| $62,967,481
|
| Exchange-Traded Funds
| $1,967,398
| $ 644,869*
| $ —
| $ 2,612,267
|
| Short-Term Investments
| —
| 1,828,180
| —
| 1,828,180
|
| Total Investments
| $9,423,288
| $ 57,984,640
| $ —
| $67,407,928
|
| *
| 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 Fund's policy
regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent financial statements included in its semiannual or annual report to shareholders.