NPORT-EX 2 NPORT_3234321983554311.htm HTML

Eaton Vance

New York Municipal Bond Fund

June 30, 2020

PORTFOLIO OF INVESTMENTS (Unaudited)

Tax-Exempt Investments — 157.1%

 

                                                 
Security    Principal
Amount
(000’s omitted)
     Value  

Bond Bank — 1.7%

     

New York State Environmental Facilities Corp., 5.00%, 10/15/39

   $ 4,110      $ 4,124,673  
     

 

 

 
      $ 4,124,673  
     

 

 

 

Education — 19.3%

     

Geneva Development Corp., (Hobart and William Smith Colleges), 5.00%, 9/1/30

   $ 200      $ 216,138  

Geneva Development Corp., (Hobart and William Smith Colleges), 5.00%, 9/1/33

     105        112,627  

Geneva Development Corp., (Hobart and William Smith Colleges), 5.00%, 9/1/34

     200        214,272  

Geneva Development Corp., (Hobart and William Smith Colleges), Series 2012, 5.00%, 9/1/32

     1,935        2,035,446  

Geneva Development Corp., (Hobart and William Smith Colleges), Series 2014, 5.00%, 9/1/32

     200        214,996  

Hempstead Local Development Corp., (Adelphi University), 5.00%, 6/1/21

     950        975,403  

Hempstead Local Development Corp., (Adelphi University), 5.00%, 6/1/31

     800        818,680  

Hempstead Local Development Corp., (Adelphi University), 5.00%, 6/1/32

     300        306,738  

New York City Cultural Resources Trust, (The Juilliard School), 5.00%, 1/1/38

     600        757,020  

New York Dormitory Authority, (Columbia University), 5.00%, 10/1/38(1)

     2,000        2,523,340  

New York Dormitory Authority, (Columbia University), 5.00%, 10/1/41(1)

     10,000        10,324,400  

New York Dormitory Authority, (Columbia University), 5.00%, 10/1/41

     1,275        1,316,361  

New York Dormitory Authority, (New York University), 5.00%, 7/1/39(1)

     2,000        2,476,700  

New York Dormitory Authority, (Rockefeller University), 4.00%, 7/1/49(1)

     10,000        11,590,000  

New York Dormitory Authority, (Rockefeller University), 5.00%, 7/1/34

     100        109,198  

New York Dormitory Authority, (Skidmore College), 5.00%, 7/1/26

     1,175        1,224,879  

New York Dormitory Authority, (Skidmore College), 5.00%, 7/1/28

     325        338,042  

New York Dormitory Authority, (Skidmore College), 5.25%, 7/1/30

     250        261,155  

New York Dormitory Authority, (The New School), 5.00%, 7/1/46

     1,660        1,861,706  

Onondaga County Cultural Resources Trust, (Syracuse University), 4.00%, 12/1/47(1)

     7,000        8,080,590  

Yonkers Economic Development Corp., (Lamartine/Warburton, LLC - Charter School of Educational Excellence), 5.00%, 10/15/39

     395        411,961  

Yonkers Economic Development Corp., (Lamartine/Warburton, LLC - Charter School of Educational Excellence), 5.00%, 10/15/49

     80        81,965  

Yonkers Economic Development Corp., (Lamartine/Warburton, LLC - Charter School of Educational Excellence), 5.00%, 10/15/54

     120        122,494  
     

 

 

 
      $ 46,374,111  
     

 

 

 

Electric Utilities — 7.3%

     

Long Island Power Authority, Electric System Revenue, 5.00%, 9/1/37

   $ 1,500      $ 1,860,480  

New York Power Authority, Green Bonds, 4.00%, 11/15/55(1)

     9,000        10,428,120  

Utility Debt Securitization Authority, 5.00%, 12/15/33

     2,895        3,295,292  

Utility Debt Securitization Authority, 5.00%, 12/15/36(1)

     1,675        2,011,876  
     

 

 

 
      $ 17,595,768  
     

 

 

 

Escrowed/Prerefunded — 14.1%

     

Metropolitan Transportation Authority, Prerefunded to 11/15/20, 5.00%, 11/15/34

   $ 2,000      $ 2,035,740  

Metropolitan Transportation Authority, Prerefunded to 11/15/21, 5.25%, 11/15/38

     3,430        3,665,778  

New York, Prerefunded to 2/15/21, 5.00%, 2/15/34(1)

     8,250        8,496,593  

New York Dormitory Authority, Sales Tax Revenue, Prerefunded to 3/15/23, 5.00%, 3/15/34

     7,620        8,589,950  

 

1

 

 


                                                 
Security    Principal
Amount
(000’s omitted)
     Value  

New York Thruway Authority, Prerefunded to 1/1/22, 5.00%, 1/1/37

   $ 6,240      $ 6,685,598  

Onondaga County Cultural Resources Trust, (Syracuse University), Prerefunded to 12/1/23, 5.00%, 12/1/38

     3,820        4,418,021  
     

 

 

 
      $ 33,891,680  
     

 

 

 

General Obligations — 6.7%

     

New York City, 4.00%, 8/1/34

   $ 1,170      $ 1,336,549  

New York City, 4.00%, 12/1/41

     530        601,836  

New York City, 5.00%, 8/1/34(1)

     10,000        11,135,900  

Washingtonville Central School District, 0.05%, 6/15/35

     950        680,865  

Washingtonville Central School District, 0.05%, 6/15/36

     950        655,918  

Washingtonville Central School District, 0.05%, 6/15/37

     950        636,282  

Washingtonville Central School District, 0.05%, 6/15/38

     950        617,149  

Washingtonville Central School District, 0.05%, 6/15/39

     695        439,490  
     

 

 

 
      $ 16,103,989  
     

 

 

 

Hospital — 13.5%

     

New York Dormitory Authority, (Catholic Health System Obligated Group), 4.00%, 7/1/40

   $ 635      $ 679,488  

New York Dormitory Authority, (Highland Hospital of Rochester), 5.00%, 7/1/26

     755        757,273  

New York Dormitory Authority, (Highland Hospital of Rochester), 5.20%, 7/1/32

     1,000        1,002,800  

New York Dormitory Authority, (Memorial Sloan Kettering Cancer Center), 5.00%, 7/1/42

     1,500        1,809,495  

New York Dormitory Authority, (Memorial Sloan Kettering Cancer Center), Prerefunded to 1/1/22, 4.375 %, 7/1/34(1)

     9,825        10,419,609  

New York Dormitory Authority, (Montefiore Obligated Group), 4.00%, 8/1/36

     4,135        4,475,228  

New York Dormitory Authority, (Montefiore Obligated Group), 4.00%, 9/1/50

     180        194,153  

New York Dormitory Authority, (NYU Langone Hospitals Obligated Group), 3.00%, 7/1/48

     2,145        2,186,399  

New York Dormitory Authority, (Orange Regional Medical Center), 5.00%, 12/1/45(2)

     3,800        4,163,964  

Suffolk County Economic Development Corp., (Catholic Health Services of Long Island Obligated Group), 5.00%, 7/1/28

     6,380        6,603,555  
     

 

 

 
      $ 32,291,964  
     

 

 

 

Housing — 7.8%

     

New York City Housing Development Corp., 3.40%, 11/1/39

   $ 1,000      $ 1,067,630  

New York City Housing Development Corp., 3.55%, 11/1/44

     1,270        1,350,366  

New York City Housing Development Corp., 3.70%, 11/1/38

     885        938,613  

New York City Housing Development Corp., 3.80%, 11/1/43

     1,675        1,805,583  

New York City Housing Development Corp., 4.05%, 11/1/41

     2,030        2,179,530  

New York Housing Finance Agency, (FHLMC), (FNMA), (GNMA), 3.20%, 11/1/46

     1,075        1,109,873  

New York Housing Finance Agency, (FHLMC), (FNMA), (GNMA), 4.00%, 11/1/42

     500        540,430  

New York Housing Finance Agency, (FNMA), 3.95%, 11/1/37

     1,000        1,090,940  

New York Mortgage Agency, 3.60%, 10/1/34

     2,000        2,205,200  

New York Mortgage Agency, 4.10%, 10/1/38

     4,300        4,856,463  

Westchester County Local Development Corp., (Purchase Housing Corp. II), 5.00%, 6/1/47

     1,500        1,581,165  
     

 

 

 
      $ 18,725,793  
     

 

 

 

Industrial Development Revenue — 1.8%

     

Build NYC Resource Corp., (Pratt Paper (NY), Inc.), (AMT), 4.50%, 1/1/25(2)

   $ 1,105      $ 1,147,200  

New York Liberty Development Corp., (Goldman Sachs Group, Inc.), 5.25%, 10/1/35

     895        1,209,968  

New York Liberty Development Corp., (Goldman Sachs Group, Inc.), 5.50%, 10/1/37

     1,440        2,021,832  
     

 

 

 
      $ 4,379,000  
     

 

 

 

 

2

 

 


                                                 
Security    Principal
Amount
(000’s omitted)
     Value  

Insured-Education — 1.6%

     

New York Dormitory Authority, (City University), (AMBAC), 5.25%, 7/1/30

   $ 75      $ 91,862  

New York Dormitory Authority, (City University), (AMBAC), 5.50%, 7/1/35

     1,345        1,773,732  

New York Dormitory Authority, (Educational Housing Services CUNY Student Housing), (AMBAC), 5.25%, 7/1/23

     1,750        1,953,998  
     

 

 

 
      $ 3,819,592  
     

 

 

 

Insured-General Obligations — 8.0%

     

East Northport Fire District, (AGC), 4.50%, 11/1/20

   $ 200      $ 200,692  

East Northport Fire District, (AGC), 4.50%, 11/1/21

     200        200,686  

East Northport Fire District, (AGC), 4.50%, 11/1/22

     200        200,664  

East Northport Fire District, (AGC), 4.50%, 11/1/23

     200        200,662  

Nassau County, (AGM), 5.00%, 7/1/42

     1,000        1,217,280  

Nassau County, (AGM), 5.00%, 4/1/43(1)

     10,000        12,340,400  

Oyster Bay, (AGM), 4.00%, 8/1/28

     4,585        4,789,720  
     

 

 

 
      $ 19,150,104  
     

 

 

 

Insured-Lease Revenue/Certificates of Participation — 2.5%

     

Ulster County Resource Recovery Agency, Solid Waste System, (AMBAC), 0.00%, 3/1/21

   $ 1,490      $ 1,485,068  

Ulster County Resource Recovery Agency, Solid Waste System, (AMBAC), 0.00%, 3/1/23

     1,090        1,071,601  

Ulster County Resource Recovery Agency, Solid Waste System, (AMBAC), 0.00%, 3/1/25

     3,635        3,485,747  
     

 

 

 
      $ 6,042,416  
     

 

 

 

Insured-Special Tax Revenue — 0.6%

     

Puerto Rico Infrastructure Financing Authority, (AMBAC), 0.00%, 7/1/36

   $ 3,000      $ 1,441,350  
     

 

 

 
      $ 1,441,350  
     

 

 

 

Insured-Transportation — 4.9%

     

Metropolitan Transportation Authority, Green Bonds, (AGM), 4.00%, 11/15/46

   $ 1,440      $ 1,569,211  

Metropolitan Transportation Authority, Green Bonds, (AGM), 4.00%, 11/15/48(1)

     7,120        7,807,578  

New York Thruway Authority, (AGM), 3.00%, 1/1/46

     2,340        2,369,882  
     

 

 

 
      $ 11,746,671  
     

 

 

 

Lease Revenue/Certificates of Participation — 5.0%

     

Hudson Yards Infrastructure Corp., 4.00%, 2/15/44

   $ 2,405      $ 2,617,506  

Hudson Yards Infrastructure Corp., 5.00%, 2/15/42(1)

     8,000        9,356,160  
     

 

 

 
      $ 11,973,666  
     

 

 

 

Other Revenue — 9.3%

     

Build NYC Resource Corp., (Children’s Aid Society), 4.00%, 7/1/49

   $ 1,400      $ 1,564,038  

New York City Transitional Finance Authority, (Building Aid), 5.00%, 7/15/32(1)

     10,000        11,740,300  

New York City Transitional Finance Authority, (Building Aid), 5.00%, 7/15/37(1)

     2,200        2,723,842  

New York Liberty Development Corp., (7 World Trade Center), 5.00%, 9/15/32

     5,975        6,381,718  
     

 

 

 
      $ 22,409,898  
     

 

 

 

Senior Living/Life Care — 2.0%

     

Brookhaven Local Development Corp., (Jefferson’s Ferry), 5.00%, 11/1/24

   $ 165      $ 174,722  

Brookhaven Local Development Corp., (Jefferson’s Ferry), 5.25%, 11/1/25

     325        350,291  

Brookhaven Local Development Corp., (Jefferson’s Ferry), 5.25%, 11/1/26

     200        216,756  

Brookhaven Local Development Corp., (Jefferson’s Ferry), 5.25%, 11/1/36

     970        1,021,090  

Westchester County Local Development Corp., (Kendal on Hudson), 5.00%, 1/1/28

     1,090        1,108,137  

 

3

 

 


                                                 
Security    Principal
Amount
(000’s omitted)
     Value  

Westchester County Local Development Corp., (Kendal on Hudson), 5.00%, 1/1/34

   $ 630      $ 634,549  

Westchester County Local Development Corp., (Miriam Osborn Memorial Home Association), 5.00%, 7/1/42

     1,200        1,294,704  
     

 

 

 
   $ 4,800,249  
     

 

 

 

Special Tax Revenue — 24.9%

     

Metropolitan Transportation Authority, Dedicated Tax Revenue, 5.00%, 11/15/31(1)

   $ 10,000      $ 10,713,300  

New York City Transitional Finance Authority, Future Tax Revenue, 3.00%, 11/1/47

     1,000        1,034,120  

New York City Transitional Finance Authority, Future Tax Revenue, 4.00%, 8/1/41

     3,750        4,260,562  

New York City Transitional Finance Authority, Future Tax Revenue, 4.00%, 5/1/42

     5,430        6,139,158  

New York City Transitional Finance Authority, Future Tax Revenue, 4.00%, 8/1/42

     2,100        2,348,934  

New York City Transitional Finance Authority, Future Tax Revenue, 5.00%, 2/1/35(1)

     10,000        10,223,800  

New York City Transitional Finance Authority, Future Tax Revenue, 5.50%, 11/1/35(1)

     845        858,072  

New York City Transitional Finance Authority, Future Tax Revenue, Prerefunded to 11/1/20, 5.50%, 11/1/35(1)

     655        666,443  

New York Dormitory Authority, Personal Income Tax Revenue, 5.00%, 6/15/31(1)

     9,250        10,127,270  

New York Dormitory Authority, Personal Income Tax Revenue, 5.00%, 3/15/33

     650        669,182  

New York Dormitory Authority, Sales Tax Revenue, 5.00%, 3/15/43(1)

     2,000        2,446,980  

Sales Tax Asset Receivable Corp., 5.00%, 10/15/30(1)

     8,900        10,420,476  
     

 

 

 
   $ 59,908,297  
     

 

 

 

Transportation — 19.1%

     

Metropolitan Transportation Authority, Green Bonds, 4.75%, 11/15/45

   $ 1,205      $ 1,338,237  

Metropolitan Transportation Authority, Green Bonds, 5.00%, 11/15/50

     1,960        2,226,266  

Nassau County Bridge Authority, 5.00%, 10/1/35

     1,915        1,936,544  

Nassau County Bridge Authority, 5.00%, 10/1/40

     365        369,033  

New York Thruway Authority, 4.00%, 1/1/36

     2,500        2,867,025  

New York Thruway Authority, 4.00%, 1/1/46(1)

     10,000        11,456,200  

New York Thruway Authority, 4.00%, 1/1/50

     2,625        2,952,810  

New York Transportation Development Corp., (LaGuardia Airport Terminal B Redevelopment), (AMT), 4.00%, 7/1/33

     835        866,337  

New York Transportation Development Corp., (LaGuardia Airport Terminal B Redevelopment), (AMT), 5.25%, 1/1/50

     3,240        3,514,752  

Port Authority of New York and New Jersey, 5.00%, 12/1/34(1)

     820        915,776  

Port Authority of New York and New Jersey, 5.00%, 10/15/35(1)

     8,000        9,373,440  

Port Authority of New York and New Jersey, 5.00%, 10/15/36(1)

     1,200        1,447,524  

Port Authority of New York and New Jersey, (AMT), 4.00%, 9/1/43(1)

     5,000        5,561,100  

Port Authority of New York and New Jersey, (AMT), 4.00%, 11/1/47

     1,000        1,106,930  
     

 

 

 
   $ 45,931,974  
     

 

 

 

Water and Sewer — 7.0%

     

Albany Municipal Water Finance Authority, 5.00%, 12/1/26

   $ 755      $ 804,521  

Albany Municipal Water Finance Authority, 5.00%, 12/1/29

     500        532,355  

New York City Municipal Water Finance Authority, (Water and Sewer System),
5.00%, 6/15/46(1)

     2,000        2,384,160  

New York City Municipal Water Finance Authority, (Water and Sewer System), Prerefunded to 6/15/21, 5.00%, 6/15/44(1)

     8,750        9,144,450  

Suffolk County Water Authority, 4.00%, 6/1/41

     1,150        1,332,229  

Suffolk County Water Authority, 5.00%, 6/1/36(1)

     2,000        2,569,660  
     

 

 

 
   $ 16,767,375  
     

 

 

 

Total Tax-Exempt Investments — 157.1%
(identified cost $354,125,006)

      $ 377,478,570  
  

 

 

 

 

4

 

 


                                                 

Corporate Bonds & Notes — 0.6%

     
Security    Principal
Amount
(000’s omitted)
     Value  

Hospital — 0.6%

     

Montefiore Obligated Group, 4.287%, 9/1/50

   $ 1,350      $ 1,342,009  
     

 

 

 

Total Corporate Bonds & Notes — 0.6%
(identified cost $1,350,000)

      $ 1,342,009  
     

 

 

 

Total Investments —157.7%
(identified cost $355,475,006)

      $ 378,820,579  
     

 

 

 

Other Assets, Less Liabilities — (57.7)%

 

   $ (138,621,761
  

 

 

 

Net Assets — 100.0%

 

   $ 240,198,818  
  

 

 

 

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

The Fund invests primarily in debt securities issued by New York municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At June 30, 2020, 11.1% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 0.2% to 7.9% of total investments.

 

(1)

Security represents the municipal bond held by a trust that issues residual interest bonds.

 

(2)

Security exempt from registration pursuant to Rule 144A under 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 June 30, 2020, the aggregate value of these securities is $5,311,164 or 2.2% of the Fund’s net assets.

Abbreviations:

 

AGC

  -   Assured Guaranty Corp.

AGM

  -   Assured Guaranty Municipal Corp.

AMBAC

  -   AMBAC Financial Group, Inc.

AMT

  -   Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax.

FHLMC

  -   Federal Home Loan Mortgage Corp.

FNMA

  -   Federal National Mortgage Association

GNMA

  -   Government National Mortgage Association

 

5

 

 


The Fund did not have any open derivative instruments at June 30, 2020.

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.

 

6

 

 


At June 30, 2020, 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  

Tax-Exempt Investments

   $      $     377,478,570      $      $     377,478,570  

Corporate Bonds & Notes

            1,342,009               1,342,009  

Total Investments

   $     —      $ 378,820,579      $     —      $ 378,820,579  

 

7

 

 


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.

 

8