NPORT-EX 2 NPORT_FP1U_47035237_0824.htm
Eaton Vance
International Small-Cap Fund
August 31, 2024
Portfolio of Investments (Unaudited)
Common Stocks — 98.9%
Security Shares Value
Australia — 9.1%
BlueScope Steel Ltd.      12,092 $   168,465
CAR Group Ltd.      35,121    901,377
Data#3 Ltd.     108,016    563,668
Dexus      93,590    454,869
Dicker Data Ltd.      83,204    513,035
EBOS Group Ltd.      33,448    732,782
Evolution Mining Ltd.     110,253    312,763
IGO Ltd.      25,732     96,118
Lynas Rare Earths Ltd.(1)      19,056     90,058
Northern Star Resources Ltd.      31,092    317,470
Steadfast Group Ltd.     153,454    671,121
Westgold Resources Ltd.     125,405    256,007
      $ 5,077,733
Austria — 0.9%
BAWAG Group AG(2)       6,616 $   506,230
      $   506,230
Belgium — 2.2%
Azelis Group NV      31,598 $   660,324
KBC Ancora       5,935    297,705
VGP NV       2,738    280,988
      $ 1,239,017
Canada — 7.9%
Agnico Eagle Mines Ltd./Mines Agnico Eagle Ltd.       3,907 $   318,323
Allied Properties Real Estate Investment Trust      43,179    557,179
ARC Resources Ltd.      13,697    253,481
ATS Corp.(1)      21,771    584,803
Descartes Systems Group, Inc.(1)       5,148    519,098
Keyera Corp.      13,717    410,904
Killam Apartment Real Estate Investment Trust      41,630    615,654
Lumine Group, Inc.(1)       8,034    193,748
Pan American Silver Corp.       6,168    124,582
Peyto Exploration & Development Corp.      31,646    342,138
TMX Group Ltd.      15,181    484,274
      $ 4,404,184
France — 1.3%
IPSOS SA      11,877 $   731,998
      $   731,998
Security Shares Value
Germany — 2.7%
Jenoptik AG      22,576 $   704,195
LEG Immobilien SE       5,163    498,590
Schott Pharma AG & Co. KGaA       7,892    314,277
      $ 1,517,062
Italy — 7.1%
Amplifon SpA      14,749 $   476,940
BFF Bank SpA(2)      59,053    640,826
DiaSorin SpA       3,913    451,441
FinecoBank Banca Fineco SpA      29,506    506,219
Interpump Group SpA      14,822    654,411
Moncler SpA       7,956    488,099
Reply SpA       4,536    718,363
      $ 3,936,299
Japan — 27.8%
As One Corp.      40,909 $   827,535
Asahi Intecc Co. Ltd.      29,717    545,959
Azbil Corp.      14,463    477,381
BayCurrent Consulting, Inc.      31,275    997,038
Chiba Bank Ltd.      86,003    728,486
Cosmos Pharmaceutical Corp.      11,364    553,348
Daiseki Co. Ltd.      21,753    571,607
dip Corp.      18,953    376,187
Fukuoka Financial Group, Inc.      23,988    635,526
Goldwin, Inc.      10,439    647,319
Hoshino Resorts REIT, Inc.         146    506,859
Hoshizaki Corp.      17,452    564,494
JMDC, Inc.      10,984    331,787
Kobe Bussan Co. Ltd.      24,433    705,218
Kyoritsu Maintenance Co. Ltd.      38,885    640,382
LaSalle Logiport REIT         643    645,163
Miura Co. Ltd.      16,572    378,697
NOF Corp.      50,131    783,882
Riken Keiki Co. Ltd.      30,082    859,982
Sanwa Holdings Corp.      39,310    901,683
Sumco Corp.      45,211    522,288
T Hasegawa Co. Ltd.      16,671    354,254
TechnoPro Holdings, Inc.      15,168    306,582
Tosei Corp.      38,016    611,079
Toyo Suisan Kaisha Ltd.       7,727    484,087
USS Co. Ltd.      61,159    561,575
      $15,518,398
 
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Eaton Vance
International Small-Cap Fund
August 31, 2024
Portfolio of Investments (Unaudited) — continued
Security Shares Value
Luxembourg — 0.2%
APERAM SA       4,064 $   114,589
      $   114,589
Netherlands — 4.0%
BE Semiconductor Industries NV       3,530 $   465,518
Euronext NV(2)       6,763    722,250
IMCD NV       4,864    796,515
Topicus.com, Inc.       2,471    239,867
      $ 2,224,150
New Zealand — 0.8%
Spark New Zealand Ltd.     210,671 $   471,640
      $   471,640
Portugal — 0.8%
NOS SGPS SA     109,124 $   434,560
      $   434,560
Singapore — 0.9%
Daiwa House Logistics Trust   1,090,420 $   484,370
      $   484,370
Spain — 1.8%
Acciona SA       3,988 $   537,712
Inmobiliaria Colonial Socimi SA      73,248    458,472
      $   996,184
Sweden — 8.0%
AddTech AB, Class B      21,686 $   685,484
Autoliv, Inc.       5,145    527,208
Boliden AB       5,425    165,726
Cibus Nordic Real Estate AB publ      27,741    448,167
Indutrade AB      16,593    521,510
Lagercrantz Group AB, Class B      26,933    498,026
Sdiptech AB, Class B(1)      24,991    791,755
SmartCraft ASA(1)     228,374    668,203
SSAB AB, Class B      39,598    188,559
      $ 4,494,638
Switzerland — 1.4%
Galenica AG(2)       4,905 $   425,303
VZ Holding AG       2,503    375,751
      $   801,054
Security Shares Value
United Kingdom — 22.0%
Allfunds Group PLC      57,103 $   344,018
Cranswick PLC      13,489    855,983
Diploma PLC      19,507  1,148,892
DiscoverIE Group PLC      95,725    834,749
Games Workshop Group PLC       6,305    867,215
Grainger PLC      92,174    289,837
Greggs PLC      21,900    918,182
Hilton Food Group PLC      46,526    603,961
Howden Joinery Group PLC      49,122    618,161
Intermediate Capital Group PLC      15,417    432,623
JTC PLC(2)      71,207  1,018,432
Judges Scientific PLC       5,011    690,366
Premier Foods PLC     134,483    318,065
Shaftesbury Capital PLC     237,360    459,782
Vistry Group PLC(1)      42,421    760,175
Volution Group PLC     114,931    855,369
Wise PLC, Class A(1)      68,478    636,202
Zegona Communications PLC(1)     133,028    625,061
      $12,277,073
Total Common Stocks
(identified cost $44,397,850) 		    $55,229,179
    
Short-Term Investments — 0.9%
Security Shares Value
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.19%(3)     527,287 $   527,287
Total Short-Term Investments
(identified cost $527,287) 		    $   527,287
     
Total Investments — 99.8%
(identified cost $44,925,137) 		    $55,756,466
Other Assets, Less Liabilities — 0.2%     $    92,868
Net Assets — 100.0%     $55,849,334
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
(1) Non-income producing security.
(2) Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At August 31, 2024, the aggregate value of these securities is $3,313,041 or 5.9% of the Fund's net assets.
(3) May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of August 31, 2024.
 
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Eaton Vance
International Small-Cap Fund
August 31, 2024
Portfolio of Investments (Unaudited) — continued
Sector Classification of Portfolio
Sector Percentage
of Net Assets 		Value
Industrials 23.2% $12,938,627
Financials 14.3 7,999,663
Information Technology 12.4 6,943,372
Real Estate 11.3 6,311,009
Consumer Discretionary 9.7 5,410,155
Health Care 7.3 4,106,024
Consumer Staples 6.3 3,520,662
Materials 5.9 3,290,796
Communication Services 5.7 3,164,636
Energy 1.8 1,006,523
Utilities 1.0 537,712
Short-Term Investments 0.9 527,287
Total Investments 99.8% $55,756,466
The Fund did not have any open derivative instruments at August 31, 2024.
Affiliated Investments
At August 31, 2024, the value of the Fund’s investment in funds that may be deemed to be affiliated was $527,287, which represents 0.9% of the Fund’s net assets. Transactions in such investments by the Fund for the fiscal year to date ended August 31, 2024 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 		Shares,
end of period
Short-Term Investments 
Liquidity Fund, Institutional Class(1) $1,435,224 $13,169,730 $(14,077,667) $ — $ — $527,287 $49,044 527,287
(1) Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio.
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.
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Eaton Vance
International Small-Cap Fund
August 31, 2024
Portfolio of Investments (Unaudited) — continued
At August 31, 2024, the hierarchy of inputs used in valuing the Fund's investments, which are carried at fair value, were as follows:
Asset Description  Level 1  Level 2  Level 3  Total 
Common Stocks:        
Asia $      — $16,002,768 $ — $16,002,768
Australasia/Pacific       —  5,549,373  —  5,549,373
Developed Europe   767,075 28,505,779  — 29,272,854
North America 4,404,184        —  —  4,404,184
Total Common Stocks $5,171,259 $50,057,920* $ — $55,229,179
Short-Term Investments $  527,287 $       — $ — $   527,287
Total Investments $5,698,546 $50,057,920 $ — $55,756,466
* 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 semi-annual or annual report to shareholders.
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