N-CSRS 1 d941356dncsrs.htm EATON VANCE SHORT DURATION DIVERSIFIED INCOME FUND Eaton Vance Short Duration Diversified Income Fund

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form N-CSR

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number: 811-21563

 

 

Eaton Vance Short Duration Diversified Income Fund

(Exact Name of Registrant as Specified in Charter)

 

 

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

 

 

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

 

 

(617) 482-8260

(Registrant’s Telephone Number)

October 31

Date of Fiscal Year End

April 30, 2020

Date of Reporting Period

 

 

 


Item 1.

Reports to Stockholders


LOGO

 

 

Eaton Vance

Short Duration Diversified Income Fund (EVG)

Semiannual Report

April 30, 2020

 

 

Important Note. Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Fund’s annual and semi-annual shareholder reports will no longer be sent by mail unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Fund’s website (funds.eatonvance.com/closed-end-fund-and-term-trust-documents.php), and you will be notified by mail each time a report is posted and provided with a website address to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. If you hold shares at the Fund’s transfer agent, American Stock Transfer & Trust Company, LLC (“AST”), you may elect to receive shareholder reports and other communications from the Fund electronically by contacting AST. If you own your shares through a financial intermediary (such as a broker-dealer or bank), you must contact your financial intermediary to sign up.

You may elect to receive all future Fund shareholder reports in paper free of charge. If you hold shares at AST, you can inform AST that you wish to continue receiving paper copies of your shareholder reports by calling 1-866-439-6787. If you own these shares through a financial intermediary, you must contact your financial intermediary or follow instructions included with this disclosure, if applicable, to elect to continue to receive paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held with AST or to all funds held through your financial intermediary, as applicable.

 

LOGO


 

 

 

Commodity Futures Trading Commission Registration. Effective December 31, 2012, the Commodity Futures Trading Commission (“CFTC”) adopted certain regulatory changes that subject registered investment companies and advisers to regulation by the CFTC if a fund invests more than a prescribed level of its assets in certain CFTC-regulated instruments (including futures, certain options and swap agreements) or markets itself as providing investment exposure to such instruments. The investment adviser has claimed an exclusion from the definition of “commodity pool operator” under the Commodity Exchange Act with respect to its management of the Fund. Accordingly, neither the Fund nor the adviser with respect to the operation of the Fund is subject to CFTC regulation. Because of its management of other strategies, the Fund’s adviser is registered with the CFTC as a commodity pool operator. The adviser is also registered as a commodity trading advisor.

Fund shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Shares are subject to investment risks, including possible loss of principal invested.


 

Semiannual Report April 30, 2020

Eaton Vance

Short Duration Diversified Income Fund

 

Table of Contents

  

Performance

     2  

Fund Profile

     2  

Endnotes and Additional Disclosures

     3  

Financial Statements

     4  

Annual Meeting of Shareholders

     47  

Board of Trustees’ Contract Approval

     48  

Officers and Trustees

     52  

Important Notices

     53  


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Performance1, 2

 

Portfolio Managers Payson F. Swaffield, CFA, Catherine C. McDermott, Andrew Szczurowski, CFA, Eric Stein, CFA and Sarah C. Orvin, CFA

 

% Average Annual Total Returns    Inception Date      Six Months      One Year      Five Years      Ten Years  

Fund at NAV

     02/28/2005        –13.17      –12.36      1.24      2.78

Fund at Market Price

            –11.15        –6. 55        1.76        2.56  

Blended Index

            –4.35      –1.11      2.72      4.00
% Premium/ Discount to NAV3                                        
                 –6.91
Distributions4                                        

Total Distributions per share for the period

               $ 0.455  

Distribution Rate at NAV

                 7.40

Distribution Rate at Market Price

                 7.95
% Total Leverage5                                        

Derivatives

                 24.83

Borrowings

                 16.47  

Fund Profile

 

 

Asset Allocation (% of total leveraged assets)6

 

 

LOGO

 

    

 

 

See Endnotes and Additional Disclosures in this report.

Past performance is no guarantee of future results. Returns are historical and are calculated net of management fees and other expenses by determining the percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested in accordance with the Fund’s Dividend Reinvestment Plan. Performance at market price will differ from performance at NAV due to variations in the Fund’s market price versus NAV, which may reflect factors such as fluctuations in supply and demand for Fund shares, changes in Fund distributions, shifting market expectations for the Fund’s future returns and distribution rates, and other considerations affecting the trading prices of closed-end funds. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance for periods less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as of the most recent month-end, please refer to eatonvance.com.

 

  2  


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Endnotes and Additional Disclosures

 

 

1 

S&P/LSTA Leveraged Loan Index is an unmanaged index of the institutional leveraged loan market. S&P/ LSTA Leveraged Loan indices are a product of S&P Dow Jones Indices LLC (“S&P DJI”) and have been licensed for use. S&P® is a registered trademark of S&P DJI; Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); LSTA is a trademark of Loan Syndications and Trading Association, Inc. S&P DJI, Dow Jones, their respective affiliates and their third party licensors do not sponsor, endorse, sell or promote the Fund, will not have any liability with respect thereto and do not have any liability for any errors, omissions, or interruptions of the S&P Dow Jones Indices. ICE BofA U.S. Mortgage-Backed Securities Index is an unmanaged index of fixed rate residential mortgage pass- through securities issued by U.S. agencies. ICE® BofA® indices are not for redistribution or other uses; provided “as is”, without warranties, and with no liability. Eaton Vance has prepared this report and ICE Data Indices, LLC does not endorse it, or guarantee, review, or endorse Eaton Vance’s products. BofA® is a licensed registered trademark of Bank of America Corporation in the United States and other countries. J.P. Morgan Emerging Market Bond Index (EMBI) Global Diversified is a market-cap weighted index that measures USD-denominated Brady Bonds, Eurobonds, and traded loans issued by sovereign entities. Information has been obtained from sources believed to be reliable but J. P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J. P. Morgan’s prior written approval. Copyright 2019, J.P. Morgan Chase & Co. All rights reserved. The Blended Index consists of 33.33% S&P/LSTA Leveraged Loan Index, 33.33% ICE BofA U.S. Mortgage-Backed Securities Index and 33.34% J.P. Morgan Emerging Market Bond Index (EMBI) Global Diversified, rebalanced monthly. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index.

 

2 

Performance results reflect the effects of leverage. Absent an expense waiver by the investment adviser, if applicable, the returns would be lower.

 

3 

The shares of the Fund often trade at a discount or premium to their net asset value. The discount or premium may vary over time and may be higher or lower than what is quoted in this report. For up-to-date premium/discount information, please refer to https://funds.eatonvance.com/closed-end-fund-prices. php.

4 

The Distribution Rate is based on the Fund’s last regular distribution per share in the period (annualized) divided by the Fund’s NAV or market price at the end of the period. The Fund’s distributions may be comprised of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains and nondividend distributions, also known as return of capital. The Fund will determine the federal income tax character of distributions paid to a shareholder after the end of the calendar year. This is reported on the IRS form 1099-DIV and provided to the shareholder shortly after each year-end. For information about the tax character of distributions made in prior calendar years, please refer to Performance-Tax Character of Distributions on the Fund’s webpage available at eatonvance.com. The Fund’s distributions are determined by the investment adviser. Fund distributions may be affected by numerous factors including changes in Fund performance, the cost of financing for leverage, portfolio holdings, realized and projected returns, and other factors. As portfolio and market conditions change, the rate of distributions paid by the Fund could change.

 

5 

The Fund employs leverage through derivatives and borrowings. Total leverage is shown as a percentage of the Fund’s aggregate net assets plus the absolute notional value of long and short derivatives and borrowings outstanding. Use of leverage creates an opportunity for income, but creates risks including greater price volatility. The cost of borrowings rises and falls with changes in short-term interest rates. The Fund may be required to maintain prescribed asset coverage for its leverage and may be required to reduce its leverage at an inopportune time.

 

6 

Total leveraged assets include all assets of the Fund (including those acquired with financial leverage) and derivatives held by the Fund. Asset Allocation as a percentage of the Fund’s net assets amounted to 170.3%. Please refer to the definition of total leveraged assets within the Notes to Financial Statements included herein.

 

  

Fund profile subject to change due to active management.

Important Notice to Shareholders

Effective January 1, 2020, the ICE BofAML indices were rebranded as ICE BofA indices.

Effective November 1, 2020, the Fund will be managed by Catherine C. McDermott, Andrew Szczurowski, Eric A. Stein and Sarah C. Orvin. Payson F. Swaffield will serve as a member of the portfolio management team of the Fund through October 31, 2020.

 

 

  3  


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Portfolio of Investments (Unaudited)

 

 

Senior Floating-Rate Loans — 32.2%(1)

 

Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Aerospace and Defense — 0.7%  
AI Convoy (Luxembourg) S.a.r.l.                  

Term Loan, 4.65%, (USD LIBOR + 3.50%), Maturing January 17, 2027(2)

      100     $ 95,125  
Dynasty Acquisition Co., Inc.                  

Term Loan, 4.95%, (3 mo. USD LIBOR + 3.50%), Maturing April 6, 2026

      44       38,488  

Term Loan, 4.95%, (3 mo. USD LIBOR + 3.50%), Maturing April 6, 2026

      81       71,587  
TransDigm, Inc.                  

Term Loan, 2.65%, (1 mo. USD LIBOR + 2.25%), Maturing August 22, 2024

      483       425,409  

Term Loan, 2.65%, (1 mo. USD LIBOR + 2.25%), Maturing December 9, 2025

            953       837,912  
                    $ 1,468,521  
Automotive — 0.8%  
Adient US, LLC                  

Term Loan, 5.52%, (3 mo. USD LIBOR + 4.00%), Maturing May 6, 2024

      99     $ 90,100  
Autokiniton US Holdings, Inc.                  

Term Loan, 6.78%, (1 mo. USD LIBOR + 6.38%), Maturing May 22, 2025

      123       98,250  
Dayco Products, LLC                  

Term Loan, 5.86%, (3 mo. USD LIBOR + 4.25%), Maturing May 19, 2023

      170       127,641  
Goodyear Tire & Rubber Company (The)                  

Term Loan - Second Lien, 3.20%, (3 mo. USD LIBOR + 2.00%), Maturing March 7, 2025

      383       356,260  
IAA, Inc.                  

Term Loan, 2.69%, (1 mo. USD LIBOR + 2.25%), Maturing June 28, 2026

      97       92,759  
Panther BF Aggregator 2 L.P.                  

Term Loan, 3.90%, (1 mo. USD LIBOR + 3.50%), Maturing April 30, 2026

      547       497,314  
Tenneco, Inc.                  

Term Loan, 3.40%, (1 mo. USD LIBOR + 3.00%), Maturing October 1, 2025

      518       401,897  
Thor Industries, Inc.                  

Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing February 1, 2026

            143       131,638  
                    $ 1,795,859  
Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Beverage and Tobacco — 0.1%  
Flavors Holdings, Inc.                  

Term Loan, 7.20%, (3 mo. USD LIBOR + 5.75%), Maturing June 30, 2020

            294     $ 280,834  
                    $ 280,834  
Brokerage / Securities Dealers / Investment Houses — 0.1%  
Advisor Group, Inc.                  

Term Loan, 5.40%, (1 mo. USD LIBOR + 5.00%), Maturing July 31, 2026

      175     $ 145,432  
OZ Management L.P.                  

Term Loan, 5.50%, (1 mo. USD LIBOR + 4.75%), Maturing April 10, 2023

            7       7,128  
                    $ 152,560  
Building and Development — 1.3%  
American Builders & Contractors Supply Co., Inc.                  

Term Loan, 2.40%, (1 mo. USD LIBOR + 2.00%), Maturing January 15, 2027

      348     $ 329,314  
APi Group DE, Inc.                  

Term Loan, 2.90%, (1 mo. USD LIBOR + 2.50%), Maturing October 1, 2026

      224       218,196  
Brookfield Property REIT, Inc.                  

Term Loan, 2.90%, (1 mo. USD LIBOR + 2.50%), Maturing August 27, 2025

      148       112,132  
Core & Main L.P.                  

Term Loan, 3.99%, (USD LIBOR + 2.75%), Maturing August 1, 2024(2)

      172       163,145  
CPG International, Inc.                  

Term Loan, 5.93%, (12 mo. USD LIBOR + 3.75%), Maturing May 5, 2024

      380       348,046  
Cushman & Wakefield U.S. Borrower, LLC                  

Term Loan, 3.15%, (1 mo. USD LIBOR + 2.75%), Maturing August 21, 2025

      790       735,546  
NCI Building Systems, Inc.                  

Term Loan, 4.58%, (1 mo. USD LIBOR + 3.75%), Maturing April 12, 2025

      98       85,117  
Quikrete Holdings, Inc.                  

Term Loan, 2.90%, (1 mo. USD LIBOR + 2.50%), Maturing February 1, 2027

      432       404,365  
RE/MAX International, Inc.                  

Term Loan, 3.50%, (1 mo. USD LIBOR + 2.75%, Floor 0.75%), Maturing December 15, 2023

      389       365,269  
Summit Materials Companies I, LLC                  

Term Loan, 2.40%, (1 mo. USD LIBOR + 2.00%), Maturing November 21, 2024

            122       116,002  
                    $ 2,877,132  
 

 

  4   See Notes to Financial Statements.


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
Business Equipment and Services — 3.0%  
Airbnb, Inc.                

Term Loan, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), Maturing April 17, 2025

      125     $ 127,656  
AlixPartners, LLP                

Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), Maturing April 4, 2024

      124       119,898  
Allied Universal Holdco, LLC                

Term Loan, 4.65%, (1 mo. USD LIBOR + 4.25%), Maturing July 10, 2026

      474       444,622  
AppLovin Corporation                

Term Loan, 3.90%, (1 mo. USD LIBOR + 3.50%), Maturing August 15, 2025

      321       307,334  

Term Loan, Maturing August 15, 2025(3)

      100       95,750  
ASGN Incorporated                

Term Loan, 2.15%, (1 mo. USD LIBOR + 1.75%), Maturing April 2, 2025

      45       43,952  
Bracket Intermediate Holding Corp.                

Term Loan, 5.70%, (3 mo. USD LIBOR + 4.25%), Maturing September 5, 2025

      123       112,506  
Camelot U.S. Acquisition 1 Co.                

Term Loan, 3.65%, (1 mo. USD LIBOR + 3.25%), Maturing October 31, 2026

      274       264,597  
CCC Information Services, Inc.                

Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing April 29, 2024

      294       278,756  
Ceridian HCM Holding, Inc.                

Term Loan, 2.64%, (1 week USD LIBOR + 2.50%), Maturing April 30, 2025

      222       210,267  
Deerfield Dakota Holding, LLC                

Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing April 9, 2027

      325       312,542  
EAB Global, Inc.                

Term Loan, 4.88%, (USD LIBOR + 3.75%), Maturing November 15, 2024(2)

      196       186,690  
EIG Investors Corp.                

Term Loan, 5.39%, (3 mo. USD LIBOR + 3.75%), Maturing February 9, 2023

      463       428,978  
Garda World Security Corporation                

Term Loan, 6.39%, (3 mo. USD LIBOR + 4.75%), Maturing October 30, 2026

      120       116,344  
IG Investment Holdings, LLC                

Term Loan, 5.45%, (3 mo. USD LIBOR + 4.00%), Maturing May 23, 2025

      426       355,647  
IRI Holdings, Inc.                

Term Loan, 5.86%, (3 mo. USD LIBOR + 4.25%), Maturing December 1, 2025

      222       190,526  
Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Business Equipment and Services (continued)  
Iron Mountain, Inc.                  

Term Loan, 2.15%, (1 mo. USD LIBOR + 1.75%), Maturing January 2, 2026

      123     $ 115,456  
KAR Auction Services, Inc.                  

Term Loan, 2.88%, (1 mo. USD LIBOR + 2.25%), Maturing September 19, 2026

      100       91,043  
Kronos Incorporated                  

Term Loan, 4.76%, (3 mo. USD LIBOR + 3.00%), Maturing November 1, 2023

      1,019       986,257  
KUEHG Corp.                  

Term Loan, 5.20%, (3 mo. USD LIBOR + 3.75%), Maturing February 21, 2025

      313       255,931  

Term Loan - Second Lien, 9.70%, (3 mo. USD LIBOR + 8.25%), Maturing August 18, 2025

      50       38,750  
Monitronics International, Inc.                  

Term Loan, 7.75%, (1 mo. USD LIBOR + 6.50%, Floor 1.25%), Maturing March 29, 2024

      200       136,225  
PGX Holdings, Inc.                  

Term Loan, 0.00%, Maturing September 29, 2020(4)

      315       133,957  
Pre-Paid Legal Services, Inc.                  

Term Loan, 3.65%, (1 mo. USD LIBOR + 3.25%), Maturing May 1, 2025

      67       61,341  
Red Ventures, LLC                  

Term Loan, 2.90%, (1 mo. USD LIBOR + 2.50%), Maturing November 8, 2024

      235       218,055  
Spin Holdco, Inc.                  

Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing November 14, 2022

      600       554,568  
Techem Verwaltungsgesellschaft 675 mbH                  

Term Loan, 2.88%, (2 mo. EURIBOR + 2.88%), Maturing July 15, 2025

    EUR       111       118,470  
Tempo Acquisition, LLC                  

Term Loan, 3.15%, (1 mo. USD LIBOR + 2.75%), Maturing May 1, 2024

      146       134,934  
West Corporation                  

Term Loan, 5.45%, (3 mo. USD LIBOR + 4.00%), Maturing October 10, 2024

            171       134,872  
                    $ 6,575,924  
Cable and Satellite Television — 1.5%  
Charter Communications Operating, LLC                  

Term Loan, 2.16%, (1 mo. USD LIBOR + 1.75%), Maturing February 1, 2027

      538     $ 519,143  
CSC Holdings, LLC                  

Term Loan, 3.06%, (1 mo. USD LIBOR + 2.25%), Maturing July 17, 2025

      446       428,216  
 

 

  5   See Notes to Financial Statements.


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Cable and Satellite Television (continued)  
CSC Holdings, LLC (continued)                  

Term Loan, 3.06%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2026

      148     $ 141,783  

Term Loan, 3.31%, (1 mo. USD LIBOR + 2.50%), Maturing April 15, 2027

      197       189,290  
Numericable Group S.A.                  

Term Loan, 3.15%, (1 mo. USD LIBOR + 2.75%), Maturing July 31, 2025

      315       291,764  
Radiate Holdco, LLC                  

Term Loan, 3.75%, (1 mo. USD LIBOR + 3.00%, Floor 0.75%), Maturing February 1, 2024

      171       164,345  
Telenet Financing USD, LLC                  

Term Loan, 2.81%, (1 mo. USD LIBOR + 2.00%), Maturing April 30, 2028

      575       549,412  
UPC Broadband Holding B.V.                  

Term Loan, 3.06%, (1 mo. USD LIBOR + 2.25%), Maturing April 30, 2028

      125       118,438  
Virgin Media Bristol, LLC                  

Term Loan, 3.31%, (1 mo. USD LIBOR + 2.50%), Maturing January 31, 2028

      650       616,455  
Virgin Media SFA Finance Limited                  

Term Loan, 2.50%, (6 mo. EURIBOR + 2.50%), Maturing January 31, 2029

    EUR       175       185,781  
                    $ 3,204,627  
Chemicals and Plastics — 1.4%  
Emerald Performance Materials, LLC                  

Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing August 1, 2021

      328     $ 311,178  
Ferro Corporation                  

Term Loan, 3.70%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024

      48       46,898  

Term Loan, 3.70%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024

      50       47,917  
Gemini HDPE, LLC                  

Term Loan, 3.27%, (3 mo. USD LIBOR + 2.50%), Maturing August 7, 2024

      329       315,708  
H.B. Fuller Company                  

Term Loan, 2.72%, (1 mo. USD LIBOR + 2.00%), Maturing October 20, 2024

      251       241,958  
Hexion, Inc.                  

Term Loan, 4.94%, (3 mo. USD LIBOR + 3.50%), Maturing July 1, 2026

      124       119,100  
INEOS Enterprises Holdings II Limited                  

Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), Maturing August 28, 2026

    EUR       25       26,386  
Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Chemicals and Plastics (continued)  
INEOS US Finance, LLC                  

Term Loan, 2.40%, (1 mo. USD LIBOR + 2.00%), Maturing April 1, 2024

      513     $ 487,448  
Messer Industries GmbH                  

Term Loan, 3.95%, (3 mo. USD LIBOR + 2.50%), Maturing March 1, 2026

      173       164,696  
PQ Corporation                  

Term Loan, 2.65%, (1 mo. USD LIBOR + 2.25%), Maturing February 7, 2027

      259       248,663  
Pregis TopCo Corporation                  

Term Loan, 4.40%, (1 mo. USD LIBOR + 4.00%), Maturing July 31, 2026

      100       90,274  
Spectrum Holdings III Corp.                  

Term Loan, 4.70%, (3 mo. USD LIBOR + 3.25%), Maturing January 31, 2025

      87       74,639  
Starfruit Finco B.V.                  

Term Loan, 3.86%, (1 mo. USD LIBOR + 3.00%), Maturing October 1, 2025

      362       330,545  
Tata Chemicals North America, Inc.                  

Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing August 7, 2020

      161       156,101  
Tronox Finance, LLC                  

Term Loan, 3.59%, (USD LIBOR + 2.75%), Maturing September 23, 2024(2)

            443       416,570  
                    $ 3,078,081  
Containers and Glass Products — 0.6%  
Berry Global, Inc.                  

Term Loan, 2.83%, (1 mo. USD LIBOR + 2.00%), Maturing July 1, 2026

      149     $ 142,723  
BWAY Holding Company                  

Term Loan, 4.56%, (3 mo. USD LIBOR + 3.25%), Maturing April 3, 2024

      234       202,982  
Consolidated Container Company, LLC                  

Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing May 22, 2024

      244       235,842  
Flex Acquisition Company, Inc.                  

Term Loan, 4.68%, (3 mo. USD LIBOR + 3.25%), Maturing June 29, 2025

      220       206,578  
Pelican Products, Inc.                  

Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing May 1, 2025

      98       81,793  
Reynolds Consumer Products, Inc.                  

Term Loan, 2.15%, (1 mo. USD LIBOR + 1.75%), Maturing February 4, 2027

            350       338,000  
                    $ 1,207,918  
 

 

  6   See Notes to Financial Statements.


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Cosmetics / Toiletries — 0.1%  
Kronos Acquisition Holdings, Inc.                  

Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing May 15, 2023

            296     $ 266,719  
                    $ 266,719  
Drugs — 1.7%  
Akorn, Inc.                  

Term Loan, 15.50%, (1 mo. USD LIBOR + 14.50%, Floor 1.00%), 14.75% cash, 0.75% PIK, Maturing April 16, 2021

      164     $ 140,071  
Alkermes, Inc.                  

Term Loan, 3.01%, (1 mo. USD LIBOR + 2.25%), Maturing March 27, 2023

      70       64,580  
Amneal Pharmaceuticals, LLC                  

Term Loan, 3.94%, (1 mo. USD LIBOR + 3.50%), Maturing May 4, 2025

      516       463,477  
Arbor Pharmaceuticals, Inc.                  

Term Loan, 6.00%, (2 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing July 5, 2023

      191       160,398  
Bausch Health Companies, Inc.                  

Term Loan, 3.72%, (1 mo. USD LIBOR + 3.00%), Maturing June 2, 2025

      719       697,085  
Catalent Pharma Solutions, Inc.                  

Term Loan, 3.25%, (1 mo. USD LIBOR + 2.25%, Floor 1.00%), Maturing May 18, 2026

      124       122,203  
Elanco Animal Health, Inc.                  

Term Loan, Maturing February 4, 2027(3)

      300       290,187  
Endo Luxembourg Finance Company I S.a.r.l.                  

Term Loan, 5.00%, (1 mo. USD LIBOR + 4.25%, Floor 0.75%), Maturing April 29, 2024

      754       693,016  
Grifols Worldwide Operations USA, Inc.                  

Term Loan, 2.14%, (1 week USD LIBOR + 2.00%), Maturing November 15, 2027

      125       120,947  
Horizon Therapeutics USA, Inc.                  

Term Loan, 3.25%, (1 mo. USD LIBOR + 2.25%, Floor 1.00%), Maturing May 22, 2026

      331       324,228  
Mallinckrodt International Finance S.A.                  

Term Loan, 4.20%, (3 mo. USD LIBOR + 2.75%), Maturing September 24, 2024

      697       497,483  

Term Loan, 4.70%, (3 mo. USD LIBOR + 3.00%), Maturing February 24, 2025

            233       163,923  
                    $ 3,737,598  
Ecological Services and Equipment — 0.2%  
EnergySolutions, LLC                  

Term Loan, 5.20%, (3 mo. USD LIBOR + 3.75%), Maturing May 9, 2025

      172     $ 156,463  
Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Ecological Services and Equipment (continued)  
GFL Environmental, Inc.                  

Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing May 30, 2025

            275     $ 270,676  
                    $ 427,139  
Electronics / Electrical — 4.2%  
Almonde, Inc.                  

Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing June 13, 2024

      394     $ 343,717  
Applied Systems, Inc.                  

Term Loan, 4.70%, (3 mo. USD LIBOR + 3.25%), Maturing September 19, 2024

      415       399,288  

Term Loan - Second Lien, 8.45%, (3 mo. USD LIBOR + 7.00%), Maturing September 19, 2025

      75       72,375  
Astra Acquisition Corp.                  

Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), Maturing March 1, 2027

      125       116,875  
Avast Software B.V.                  

Term Loan, 3.70%, (3 mo. USD LIBOR + 2.25%), Maturing September 29, 2023

      91       88,571  
Banff Merger Sub, Inc.                  

Term Loan, 4.65%, (1 mo. USD LIBOR + 4.25%), Maturing October 2, 2025

      370       321,863  
Blackhawk Network Holdings, Inc.                  

Term Loan, 3.15%, (1 mo. USD LIBOR + 2.75%), Maturing June 15, 2025

      123       106,310  
Castle US Holding Corporation                  

Term Loan, 5.20%, (1 mo. USD LIBOR + 3.75%), Maturing January 29, 2027

      142       120,458  
CDW, LLC                  

Term Loan, 2.16%, (1 mo. USD LIBOR + 1.75%), Maturing October 13, 2026

      548       543,517  
Cohu, Inc.                  

Term Loan, 3.40%, (1 mo. USD LIBOR + 3.00%), Maturing October 1, 2025

      99       81,755  
CommScope, Inc.                  

Term Loan, 3.65%, (1 mo. USD LIBOR + 3.25%), Maturing April 6, 2026

      274       259,875  
ECI Macola/Max Holdings, LLC                  

Term Loan, 5.70%, (3 mo. USD LIBOR + 4.25%), Maturing September 27, 2024

      122       108,244  
Electro Rent Corporation                  

Term Loan, 6.02%, (USD LIBOR + 5.00%), Maturing January 31, 2024(2)

      268       248,105  
Epicor Software Corporation                  

Term Loan, 3.66%, (1 mo. USD LIBOR + 3.25%), Maturing June 1, 2022

      24       23,676  
 

 

  7   See Notes to Financial Statements.


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
Electronics / Electrical (continued)  
EXC Holdings III Corp.                

Term Loan, 4.95%, (3 mo. USD LIBOR + 3.50%), Maturing December 2, 2024

      73     $ 68,914  
Flexera Software, LLC                

Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing February 26, 2025

      25       23,677  
Go Daddy Operating Company, LLC                

Term Loan, 2.15%, (1 mo. USD LIBOR + 1.75%), Maturing February 15, 2024

      603       586,891  
Hyland Software, Inc.                

Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), Maturing July 1, 2024

      171       165,266  
Infoblox, Inc.                

Term Loan, 4.90%, (1 mo. USD LIBOR + 4.50%), Maturing November 7, 2023

      142       136,330  
Informatica, LLC                

Term Loan, 3.65%, (1 mo. USD LIBOR + 3.25%), Maturing February 25, 2027

      925       872,969  
MA FinanceCo., LLC                

Term Loan, 2.65%, (1 mo. USD LIBOR + 2.25%), Maturing November 19, 2021

      815       785,549  

Term Loan, 2.90%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024

      25       22,987  
MTS Systems Corporation                

Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), Maturing July 5, 2023

      93       90,355  
NCR Corporation                

Term Loan, 2.91%, (1 mo. USD LIBOR + 2.50%), Maturing August 28, 2026

      149       142,534  
Refinitiv US Holdings, Inc.                

Term Loan, 3.65%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025

      173       169,486  
Renaissance Holding Corp.                

Term Loan, 4.01%, (3 mo. USD LIBOR + 3.25%), Maturing May 30, 2025

      172       157,323  
Seattle Spinco, Inc.                

Term Loan, 2.90%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024

      167       155,237  
SkillSoft Corporation                

Term Loan, 5.75%, (3 mo. USD LIBOR + 4.75%, Floor 1.00%), Maturing April 28, 2021

      667       399,416  
SolarWinds Holdings, Inc.                

Term Loan, 3.15%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2024

      171       166,643  
Solera, LLC                

Term Loan, 4.36%, (3 mo. USD LIBOR + 2.75%), Maturing March 3, 2023

      122       116,234  
Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Electronics / Electrical (continued)  
SS&C Technologies Holdings Europe S.a.r.l.                  

Term Loan, 2.15%, (1 mo. USD LIBOR + 1.75%), Maturing April 16, 2025

      168     $ 162,362  
SS&C Technologies, Inc.                  

Term Loan, 2.15%, (1 mo. USD LIBOR + 1.75%), Maturing April 16, 2025

      235       227,512  
SurveyMonkey, Inc.                  

Term Loan, 3.91%, (1 week USD LIBOR + 3.75%), Maturing October 10, 2025

      217       199,364  
Tibco Software, Inc.                  

Term Loan, 4.16%, (1 mo. USD LIBOR + 3.75%), Maturing June 30, 2026

      196       185,047  
TriTech Software Systems                  

Term Loan, 5.20%, (3 mo. USD LIBOR + 3.75%), Maturing August 29, 2025

      123       106,979  
Uber Technologies, Inc.                  

Term Loan, 3.90%, (1 mo. USD LIBOR + 3.50%), Maturing July 13, 2023

      314       297,496  

Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing April 4, 2025

      221       209,825  
Ultimate Software Group, Inc. (The)                  

Term Loan, 4.15%, (1 mo. USD LIBOR + 3.75%), Maturing May 4, 2026

      249       238,489  
Ultra Clean Holdings, Inc.                  

Term Loan, 4.90%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025

      106       101,044  
Verifone Systems, Inc.                  

Term Loan, 5.69%, (3 mo. USD LIBOR + 4.00%), Maturing August 20, 2025

      173       135,185  
Vero Parent, Inc.                  

Term Loan, 7.86%, (3 mo. USD LIBOR + 6.25%), Maturing August 16, 2024

      219       200,485  
VS Buyer, LLC                  

Term Loan, 4.86%, (3 mo. USD LIBOR + 3.25%), Maturing February 28, 2027

      175       166,687  
Vungle, Inc.                  

Term Loan, 5.99%, (1 mo. USD LIBOR + 5.50%), Maturing September 30, 2026

            100       94,525  
                    $ 9,219,440  
Equipment Leasing — 0.2%  
Delos Finance S.a.r.l.                  

Term Loan, 3.20%, (3 mo. USD LIBOR + 1.75%), Maturing October 6, 2023

      298     $ 283,679  
IBC Capital Limited                  

Term Loan, 4.64%, (3 mo. USD LIBOR + 3.75%), Maturing September 11, 2023

            49       42,614  
                    $ 326,293  
 

 

  8   See Notes to Financial Statements.


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Financial Intermediaries — 1.3%  
Aretec Group, Inc.                  

Term Loan, 4.65%, (1 mo. USD LIBOR + 4.25%), Maturing October 1, 2025

      198     $ 165,129  
Citco Funding, LLC                  

Term Loan, 3.57%, (3 mo. USD LIBOR + 2.50%), Maturing September 28, 2023

      643       625,754  
Claros Mortgage Trust, Inc.                  

Term Loan, 4.11%, (1 mo. USD LIBOR + 3.25%), Maturing August 9, 2026

      124       111,938  
Ditech Holding Corporation                  

Term Loan, 0.00%, Maturing June 30, 2022(4)

      474       189,742  
EIG Management Company, LLC                  

Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), Maturing February 22, 2025

      49       44,406  
FinCo. I, LLC                  

Term Loan, 2.40%, (1 mo. USD LIBOR + 2.00%), Maturing December 27, 2022

      147       142,394  
Focus Financial Partners, LLC                  

Term Loan, 2.40%, (1 mo. USD LIBOR + 2.00%), Maturing July 3, 2024

      419       400,194  
Franklin Square Holdings L.P.                  

Term Loan, 2.69%, (1 mo. USD LIBOR + 2.25%), Maturing August 1, 2025

      74       68,704  
Greenhill & Co., Inc.                  

Term Loan, 3.97%, (1 mo. USD LIBOR + 3.25%), Maturing April 12, 2024

      140       129,500  
GreenSky Holdings, LLC                  

Term Loan, 3.69%, (1 mo. USD LIBOR + 3.25%), Maturing March 31, 2025

      196       179,340  
Guggenheim Partners, LLC                  

Term Loan, 3.50%, (1 mo. USD LIBOR + 2.75%, Floor 0.75%), Maturing July 21, 2023

      186       176,674  
Harbourvest Partners, LLC                  

Term Loan, 3.06%, (1 mo. USD LIBOR + 2.25%), Maturing March 3, 2025

      61       57,942  
LPL Holdings, Inc.                  

Term Loan, 2.24%, (1 mo. USD LIBOR + 1.75%), Maturing November 12, 2026

      200       193,515  
StepStone Group L.P.                  

Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing March 27, 2025

      98       95,550  
Victory Capital Holdings, Inc.                  

Term Loan, 3.94%, (3 mo. USD LIBOR + 2.50%), Maturing July 1, 2026

            166       159,846  
                    $ 2,740,628  
Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Food Products — 1.0%  
Alphabet Holding Company, Inc.                  

Term Loan, 3.90%, (1 mo. USD LIBOR + 3.50%), Maturing September 26, 2024

      366     $ 329,672  
CHG PPC Parent, LLC                  

Term Loan, 3.15%, (1 mo. USD LIBOR + 2.75%), Maturing March 31, 2025

      74       68,529  
Del Monte Foods, Inc.                  

Term Loan, 4.86%, (3 mo. USD LIBOR + 3.25%), Maturing February 18, 2021

      118       115,885  
Froneri International PLC                  

Term Loan, 2.65%, (1 mo. USD LIBOR + 2.25%), Maturing January 29, 2027

      300       279,563  
Hearthside Food Solutions, LLC                  

Term Loan, 4.09%, (1 mo. USD LIBOR + 3.69%), Maturing May 23, 2025

      98       90,697  

Term Loan, 4.40%, (1 mo. USD LIBOR + 4.00%), Maturing May 23, 2025

      49       45,939  
HLF Financing S.a.r.l.                  

Term Loan, 3.15%, (1 mo. USD LIBOR + 2.75%), Maturing August 18, 2025

      148       139,365  
Jacobs Douwe Egberts International B.V.                  

Term Loan, 3.00%, (1 mo. USD LIBOR + 2.00%, Floor 1.00%), Maturing November 1, 2025

      233       228,967  
JBS USA Lux S.A.                  

Term Loan, 3.07%, (6 mo. USD LIBOR + 2.00%), Maturing May 1, 2026

      693       672,535  
Nomad Foods Europe Midco Limited                  

Term Loan, 3.06%, (1 mo. USD LIBOR + 2.25%), Maturing May 15, 2024

            197       190,946  
                    $ 2,162,098  
Food Service — 0.8%  
1011778 B.C. Unlimited Liability Company                  

Term Loan, 2.15%, (1 mo. USD LIBOR + 1.75%), Maturing November 19, 2026

      873     $ 825,172  
Aramark Services, Inc.                  

Term Loan, 2.15%, (1 mo. USD LIBOR + 1.75%), Maturing March 11, 2025

      140       131,995  
IRB Holding Corp.                  

Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing February 5, 2025

      270       237,405  
KFC Holding Co.                  

Term Loan, 2.47%, (1 mo. USD LIBOR + 1.75%), Maturing April 3, 2025

      169       162,522  
Restaurant Technologies, Inc.                  

Term Loan, 4.70%, (3 mo. USD LIBOR + 3.25%), Maturing October 1, 2025

      25       22,095  
 

 

  9   See Notes to Financial Statements.


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Food Service (continued)  
US Foods, Inc.                  

Term Loan, 2.15%, (1 mo. USD LIBOR + 1.75%), Maturing June 27, 2023

      122     $ 113,635  

Term Loan, 3.07%, (6 mo. USD LIBOR + 2.00%), Maturing September 13, 2026

            249       223,952  
                    $ 1,716,776  
Health Care — 2.9%  
Accelerated Health Systems, LLC                  

Term Loan, 4.33%, (1 mo. USD LIBOR + 3.50%), Maturing October 31, 2025

      74     $ 64,434  
ADMI Corp.                  

Term Loan, 4.20%, (3 mo. USD LIBOR + 2.75%), Maturing April 30, 2025

      246       211,472  
Alliance Healthcare Services, Inc.                  

Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing October 24, 2023

      117       64,453  
athenahealth, Inc.                  

Term Loan, 5.28%, (3 mo. USD LIBOR + 4.50%), Maturing February 11, 2026

      223       207,993  
Avantor, Inc.                  

Term Loan, 3.25%, (1 mo. USD LIBOR + 2.25%, Floor 1.00%), Maturing November 21, 2024

      69       68,309  
BW NHHC Holdco, Inc.                  

Term Loan, 6.62%, (3 mo. USD LIBOR + 5.00%), Maturing May 15, 2025

      147       91,870  
Change Healthcare Holdings, LLC                  

Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), Maturing March 1, 2024

      877       849,058  
Ensemble RCM, LLC                  

Term Loan, 5.51%, (3 mo. USD LIBOR + 3.75%), Maturing August 3, 2026

      75       71,951  
Envision Healthcare Corporation                  

Term Loan, 4.15%, (1 mo. USD LIBOR + 3.75%), Maturing October 10, 2025

      669       470,003  
Gentiva Health Services, Inc.                  

Term Loan, 3.69%, (1 mo. USD LIBOR + 3.25%), Maturing July 2, 2025

      339       321,483  
Greatbatch Ltd.                  

Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), Maturing October 27, 2022

      95       93,247  
Hanger, Inc.                  

Term Loan, 3.90%, (1 mo. USD LIBOR + 3.50%), Maturing March 6, 2025

      147       134,137  
Inovalon Holdings, Inc.                  

Term Loan, 3.88%, (1 mo. USD LIBOR + 3.00%), Maturing April 2, 2025

      163       158,526  
Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Health Care (continued)  
IQVIA, Inc.                  

Term Loan, 2.50%, (1 mo. USD LIBOR + 1.75%, Floor 0.75%), Maturing March 7, 2024

      258     $ 249,551  

Term Loan, 2.15%, (1 mo. USD LIBOR + 1.75%), Maturing January 17, 2025

      219       212,026  
MPH Acquisition Holdings, LLC                  

Term Loan, 4.20%, (3 mo. USD LIBOR + 2.75%), Maturing June 7, 2023

      351       324,581  
Navicure, Inc.                  

Term Loan, 4.40%, (1 mo. USD LIBOR + 4.00%), Maturing October 22, 2026

      150       141,000  
One Call Corporation                  

Term Loan, 6.95%, (3 mo. USD LIBOR + 5.25%), Maturing November 25, 2022

      198       168,656  
Ortho-Clinical Diagnostics S.A.                  

Term Loan, 4.27%, (1 mo. USD LIBOR + 3.25%), Maturing June 30, 2025

      506       453,132  
Parexel International Corporation                  

Term Loan, 3.15%, (1 mo. USD LIBOR + 2.75%), Maturing September 27, 2024

      352       325,179  
Phoenix Guarantor, Inc.                  

Term Loan, 4.08%, (1 mo. USD LIBOR + 3.25%), Maturing March 5, 2026

      273       255,541  
Select Medical Corporation                  

Term Loan, 3.07%, (1 mo. USD LIBOR + 2.50%), Maturing March 6, 2025

      374       356,231  
Surgery Center Holdings, Inc.                  

Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing September 3, 2024

      146       131,137  
Tecomet, Inc.                  

Term Loan, 4.43%, (3 mo. USD LIBOR + 3.25%), Maturing May 1, 2024

      171       157,148  
U.S. Anesthesia Partners, Inc.                  

Term Loan, 4.00%, (6 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing June 23, 2024

      220       188,813  
Verscend Holding Corp.                  

Term Loan, 4.90%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025

      222       210,094  
Wink Holdco, Inc.                  

Term Loan, 4.45%, (3 mo. USD LIBOR + 3.00%), Maturing December 2, 2024

            318       297,832  
                    $ 6,277,857  
Home Furnishings — 0.2%  
Serta Simmons Bedding, LLC                  

Term Loan, 4.61%, (USD LIBOR + 3.50%), Maturing November 8, 2023(2)

            774     $ 335,400  
                    $ 335,400  
 

 

  10   See Notes to Financial Statements.


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Industrial Equipment — 1.3%  
Altra Industrial Motion Corp.                  

Term Loan, 2.40%, (1 mo. USD LIBOR + 2.00%), Maturing October 1, 2025

      88     $ 84,051  
Apex Tool Group, LLC                  

Term Loan, 6.50%, (1 mo. USD LIBOR + 5.25%, Floor 1.25%), Maturing August 1, 2024

      354       285,882  
CPM Holdings, Inc.                  

Term Loan, 4.84%, (USD LIBOR + 3.75%), Maturing November 17, 2025(2)

      49       40,025  
DexKo Global, Inc.                  

Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing July 24, 2024

      122       105,076  
EWT Holdings III Corp.                  

Term Loan, 3.45%, (2 mo. USD LIBOR + 2.75%), Maturing December 20, 2024

      667       646,934  
Filtration Group Corporation                  

Term Loan, 3.40%, (1 mo. USD LIBOR + 3.00%), Maturing March 29, 2025

      236       225,878  
Gardner Denver, Inc.                  

Term Loan, 2.15%, (1 mo. USD LIBOR + 1.75%), Maturing March 1, 2027

      169       160,787  
Gates Global, LLC                  

Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing April 1, 2024

      363       337,105  
Ingersoll-Rand Services Company                  

Term Loan, 2.15%, (1 mo. USD LIBOR + 1.75%), Maturing March 1, 2027

      200       189,906  
LTI Holdings, Inc.                  

Term Loan, 5.15%, (1 mo. USD LIBOR + 4.75%), Maturing July 24, 2026

      25       20,315  
Quimper AB                  

Term Loan, 4.25%, (6 mo. EURIBOR + 4.25%), Maturing February 13, 2026

    EUR       275       283,936  
Robertshaw US Holding Corp.                  

Term Loan, 4.25%, (6 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing February 28, 2025

      147       108,550  
Titan Acquisition Limited                  

Term Loan, 4.45%, (3 mo. USD LIBOR + 3.00%), Maturing March 28, 2025

            415       367,209  
                    $ 2,855,654  
Insurance — 1.5%  
Alliant Holdings Intermediate, LLC                  

Term Loan, 3.15%, (1 mo. USD LIBOR + 2.75%), Maturing May 9, 2025

      242     $ 227,495  

Term Loan, 3.97%, (1 mo. USD LIBOR + 3.25%), Maturing May 9, 2025

      74       70,325  
Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Insurance (continued)  
AmWINS Group, Inc.                  

Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing January 25, 2024

      347     $ 336,856  
AssuredPartners, Inc.                  

Term Loan, 3.90%, (1 mo. USD LIBOR + 3.50%), Maturing February 12, 2027

      25       23,479  
Asurion, LLC                  

Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing August 4, 2022

      748       723,875  

Term Loan, 3.40%, (1 mo. USD LIBOR + 3.00%), Maturing November 3, 2023

      410       393,012  

Term Loan - Second Lien, 6.90%, (1 mo. USD LIBOR + 6.50%), Maturing August 4, 2025

      100       96,458  
Hub International Limited                  

Term Loan, 4.02%, (3 mo. USD LIBOR + 2.75%), Maturing April 25, 2025

      712       675,984  
NFP Corp.                  

Term Loan, 3.65%, (1 mo. USD LIBOR + 3.25%), Maturing February 15, 2027

      49       44,633  
Sedgwick Claims Management Services, Inc.                  

Term Loan, 3.65%, (1 mo. USD LIBOR + 3.25%), Maturing December 31, 2025

      173       159,679  
USI, Inc.                  

Term Loan, 3.40%, (1 mo. USD LIBOR + 3.00%), Maturing May 16, 2024

      390       367,250  

Term Loan, 4.40%, (1 mo. USD LIBOR + 4.00%), Maturing December 2, 2026

            200       190,897  
                    $ 3,309,943  
Leisure Goods / Activities / Movies — 1.7%  
AMC Entertainment Holdings, Inc.                  

Term Loan, 4.08%, (3 mo. USD LIBOR + 3.00%), Maturing April 22, 2026

      272     $ 201,788  
Amer Sports Oyj                  

Term Loan, 4.50%, (6 mo. EURIBOR + 4.50%), Maturing March 30, 2026

    EUR       525       448,391  
Ancestry.com Operations, Inc.                  

Term Loan, 4.66%, (1 mo. USD LIBOR + 4.25%), Maturing August 27, 2026

      124       108,762  
Bombardier Recreational Products, Inc.                  

Term Loan, 2.40%, (1 mo. USD LIBOR + 2.00%), Maturing May 24, 2027

      798       727,266  
ClubCorp Holdings, Inc.                  

Term Loan, 4.20%, (3 mo. USD LIBOR + 2.75%), Maturing September 18, 2024

      268       201,345  
 

 

  11   See Notes to Financial Statements.


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Leisure Goods / Activities / Movies (continued)  
Crown Finance US, Inc.                  

Term Loan, 3.32%, (6 mo. USD LIBOR + 2.25%), Maturing February 28, 2025

      244     $ 161,288  

Term Loan, 3.57%, (6 mo. USD LIBOR + 2.50%), Maturing September 30, 2026

      224       141,041  
Delta 2 (LUX) S.a.r.l.                  

Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), Maturing February 1, 2024

      110       100,897  
Emerald Expositions Holding, Inc.                  

Term Loan, 3.15%, (1 mo. USD LIBOR + 2.75%), Maturing May 22, 2024

      164       128,871  
Lindblad Expeditions, Inc.                  

Term Loan, 3.65%, (1 mo. USD LIBOR + 3.25%), Maturing March 27, 2025

      77       59,392  

Term Loan, 3.65%, (1 mo. USD LIBOR + 3.25%), Maturing March 27, 2025

      307       237,569  
Match Group, Inc.                  

Term Loan, 3.46%, (3 mo. USD LIBOR + 1.75%), Maturing February 15, 2027

      100       95,578  
NASCAR Holdings, Inc.                  

Term Loan, 3.37%, (1 mo. USD LIBOR + 2.75%), Maturing October 19, 2026

      118       110,485  
Playtika Holding Corp.                  

Term Loan, 7.07%, (6 mo. USD LIBOR + 6.00%), Maturing December 10, 2024

      494       490,047  
SRAM, LLC                  

Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing March 15, 2024

      168       161,683  
Steinway Musical Instruments, Inc.                  

Term Loan, 4.54%, (1 mo. USD LIBOR + 3.75%), Maturing February 14, 2025

      70       65,513  
Travel Leaders Group, LLC                  

Term Loan, 4.49%, (1 mo. USD LIBOR + 4.00%), Maturing January 25, 2024

      123       93,338  
Vue International Bidco PLC                  

Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing July 3, 2026

    EUR       106       99,015  
                    $ 3,632,269  
Lodging and Casinos — 1.1%  
Aristocrat Technologies, Inc.                  

Term Loan, 2.86%, (3 mo. USD LIBOR + 1.75%), Maturing October 19, 2024

      82     $ 77,784  
CityCenter Holdings, LLC                  

Term Loan, 3.00%, (1 mo. USD LIBOR + 2.25%, Floor 0.75%), Maturing April 18, 2024

      414       368,037  
Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Lodging and Casinos (continued)  
GBT III B.V.                  

Term Loan, Maturing February 26, 2027(3)

      194     $ 173,357  

Term Loan, Maturing February 26, 2027(3)

      231       207,018  
Golden Nugget, Inc.                  

Term Loan, 3.46%, (USD LIBOR + 2.50%), Maturing October 4, 2023(2)

      234       191,579  
GVC Holdings PLC                  

Term Loan, 3.31%, (6 mo. USD LIBOR + 2.25%), Maturing March 29, 2024

      147       141,365  
Hanjin International Corp.                  

Term Loan, 2.90%, (1 mo. USD LIBOR + 2.50%), Maturing October 18, 2020

      75       64,125  
Playa Resorts Holding B.V.                  

Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing April 29, 2024

      365       303,300  
Stars Group Holdings B.V. (The)                  

Term Loan, 4.95%, (3 mo. USD LIBOR + 3.50%), Maturing July 10, 2025

      497       492,220  
VICI Properties 1, LLC                  

Term Loan, 2.42%, (1 mo. USD LIBOR + 1.75%), Maturing December 20, 2024

      239       222,603  
Wyndham Hotels & Resorts, Inc.                  

Term Loan, 2.15%, (1 mo. USD LIBOR + 1.75%), Maturing May 30, 2025

            197       182,286  
                    $ 2,423,674  
Nonferrous Metals / Minerals — 0.1%  
Murray Energy Corporation                  

DIP Loan, 13.00%, (1 mo. USD LIBOR + 11.00%, Floor 2.00%), Maturing July 31, 2020

      97     $ 96,890  

Term Loan, 0.00%, Maturing October 17, 2022(4)

      349       6,104  
Noranda Aluminum Acquisition Corporation                  

Term Loan, 0.00%, Maturing February 28, 2021(4)

      75       5,271  
Oxbow Carbon, LLC                  

Term Loan, 4.15%, (1 mo. USD LIBOR + 3.75%), Maturing January 4, 2023

            89       80,319  
                    $ 188,584  
Oil and Gas — 0.9%  
Ameriforge Group, Inc.                  

Term Loan, 8.45%, (3 mo. USD LIBOR + 7.00%), Maturing June 8, 2022

      76     $ 66,655  
Apergy Corporation                  

Term Loan, 2.94%, (1 mo. USD LIBOR + 2.50%), Maturing May 9, 2025

      32       28,735  
 

 

  12   See Notes to Financial Statements.


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Oil and Gas (continued)  
Blackstone CQP Holdco L.P.                  

Term Loan, 4.62%, (3 mo. USD LIBOR + 3.50%), Maturing September 30, 2024

      149     $ 137,895  
Buckeye Partners L.P.                  

Term Loan, 3.77%, (1 mo. USD LIBOR + 2.75%), Maturing November 1, 2026

      400       377,500  
CITGO Petroleum Corporation                  

Term Loan, 6.00%, (6 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing March 28, 2024

      371       334,125  
Fieldwood Energy, LLC                  

Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), Maturing April 11, 2022

      196       49,884  
Matador Bidco S.a.r.l.                  

Term Loan, 0.50%, Maturing October 15, 2026(5)

      75       69,750  

Term Loan, 5.15%, (1 mo. USD LIBOR + 4.75%), Maturing October 15, 2026

      75       69,750  
McDermott Technology Americas, Inc.                  

DIP Loan, 10.37%, (USD LIBOR + 9.00%), Maturing October 21, 2020(2)

      75       72,125  

DIP Loan, 10.65%, (3 mo. USD LIBOR + 9.00%), Maturing October 21, 2020

      67       64,021  

Term Loan, 0.00%, Maturing May 9, 2025(4)

      172       55,593  
Prairie ECI Acquiror L.P.                  

Term Loan, 6.20%, (3 mo. USD LIBOR + 4.75%), Maturing March 11, 2026

      75       54,477  

Term Loan, 6.20%, (3 mo. USD LIBOR + 4.75%), Maturing March 11, 2026

      119       86,111  
PSC Industrial Holdings Corp.                  

Term Loan, 4.98%, (6 mo. USD LIBOR + 3.75%), Maturing October 11, 2024

      122       99,583  
RDV Resources Properties, LLC                  

Term Loan, 6.87%, (3 mo. USD LIBOR + 5.50%), Maturing March 29, 2024(6)

      63       35,912  
Sunrise Oil & Gas Properties, LLC                  

Term Loan, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), Maturing January 17, 2023

      63       59,728  

Term Loan - Second Lien, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), Maturing January 17, 2023

      63       53,595  

Term Loan - Third Lien, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), Maturing January 17, 2023

      73       51,659  
UGI Energy Services, LLC                  

Term Loan, 4.15%, (1 mo. USD LIBOR + 3.75%), Maturing August 13, 2026

            149       134,732  
                    $ 1,901,830  
Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Publishing — 0.3%  
Ascend Learning, LLC                  

Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing July 12, 2024

      171     $ 160,921  
Getty Images, Inc.                  

Term Loan, 4.94%, (1 mo. USD LIBOR + 4.50%), Maturing February 19, 2026

      147       123,459  

Harland Clarke Holdings Corp.

     

Term Loan, 6.46%, (3 mo. USD LIBOR + 4.75%), Maturing November 3, 2023

      75       47,038  
LSC Communications, Inc.                  

Term Loan, 0.00%, Maturing September 30, 2022(4)

      133       10,206  
ProQuest, LLC                  

Term Loan, 3.90%, (1 mo. USD LIBOR + 3.50%), Maturing October 23, 2026

      274       261,283  
Tweddle Group, Inc.                  

Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing September 17, 2023

            35       27,536  
                    $ 630,443  
Radio and Television — 0.6%  
Diamond Sports Group, LLC                  

Term Loan, 3.82%, (1 mo. USD LIBOR + 3.25%), Maturing August 24, 2026

      448     $ 367,435  
Entercom Media Corp.                  

Term Loan, 2.90%, (1 mo. USD LIBOR + 2.50%), Maturing November 18, 2024

      112       98,823  
Entravision Communications Corporation                  

Term Loan, 3.15%, (1 mo. USD LIBOR + 2.75%), Maturing November 29, 2024

      127       119,659  
Gray Television, Inc.                  

Term Loan, 3.49%, (1 mo. USD LIBOR + 2.50%), Maturing January 2, 2026

      85       80,645  
Hubbard Radio, LLC                  

Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing March 28, 2025

      95       73,493  
iHeartCommunications, Inc.                  

Term Loan, 3.40%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2026

      75       67,331  
Mission Broadcasting, Inc.                  

Term Loan, 3.23%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024

      48       44,953  
Nexstar Broadcasting, Inc.                  

Term Loan, 2.65%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024

      185       174,736  
Sinclair Television Group, Inc.                  

Term Loan, 3.32%, (1 mo. USD LIBOR + 2.50%), Maturing September 30, 2026

      100       93,157  
 

 

  13   See Notes to Financial Statements.


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Radio and Television (continued)  
Terrier Media Buyer, Inc.                  

Term Loan, 5.70%, (3 mo. USD LIBOR + 4.25%), Maturing December 17, 2026

            274     $ 256,025  
                    $ 1,376,257  
Retailers (Except Food and Drug) — 0.4%  
Ascena Retail Group, Inc.                  

Term Loan, 5.63%, (USD LIBOR + 4.50%), Maturing August 21, 2022(2)

      238     $ 56,403  
Bass Pro Group, LLC                  

Term Loan, 6.07%, (6 mo. USD LIBOR + 5.00%), Maturing September 25, 2024

      244       204,019  
BJ’s Wholesale Club, Inc.                  

Term Loan, 3.08%, (1 mo. USD LIBOR + 2.25%), Maturing February 3, 2024

      139       135,480  
David’s Bridal, Inc.                  

Term Loan, 7.65%, (3 mo. USD LIBOR + 6.00%), 1.00% Cash, 6.65% PIK, Maturing June 30, 2023

      58       47,897  
Hoya Midco, LLC                  

Term Loan, 4.57%, (6 mo. USD LIBOR + 3.50%), Maturing June 30, 2024

      170       123,368  
J. Crew Group, Inc.                  

Term Loan, 4.31%, (USD LIBOR + 3.00%), Maturing March 5, 2021(2)

      513       271,041  
LSF9 Atlantis Holdings, LLC                  

Term Loan, 7.00%, (1 mo. USD LIBOR + 6.00%, Floor 1.00%), Maturing May 1, 2023

      161       127,643  
Pier 1 Imports (U.S.), Inc.                  

Term Loan, 0.00%, Maturing April 30, 2021(4)

            95       12,403  
                    $ 978,254  
Steel — 0.4%  
Atkore International, Inc.                  

Term Loan, 4.02%, (3 mo. USD LIBOR + 2.75%), Maturing December 22, 2023

      232     $ 223,300  
GrafTech Finance, Inc.                  

Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing February 12, 2025

      307       279,636  
Neenah Foundry Company                  

Term Loan, 7.45%, (USD LIBOR + 6.50%), Maturing December 13,
2022(2)

      104       90,802  
Phoenix Services International, LLC                  

Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing March 1, 2025

      123       102,402  
Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Steel (continued)  
Zekelman Industries, Inc.                  

Term Loan, 2.82%, (1 mo. USD LIBOR + 2.25%), Maturing January 24, 2027

            125     $ 118,750  
                    $ 814,890  
Surface Transport — 0.0%(7)  
XPO Logistics, Inc.                  

Term Loan, 3.61%, (3 mo. USD LIBOR + 2.00%), Maturing February 24, 2025

            100     $ 97,250  
                    $ 97,250  
Telecommunications — 1.4%  
CenturyLink, Inc.                  

Term Loan, 2.65%, (1 mo. USD LIBOR + 2.25%), Maturing March 15, 2027

      1,047     $ 994,744  
Digicel International Finance Limited                  

Term Loan, 4.87%, (3 mo. USD LIBOR + 3.25%), Maturing May 28, 2024

      122       100,395  
Global Eagle Entertainment, Inc.                  

Term Loan, 8.72%, (3 mo. USD LIBOR + 7.50%), Maturing January 6, 2023

      209       119,534  
Intelsat Jackson Holdings S.A.                  

Term Loan, 6.75%, (3 mo. USD Prime + 3.50%), Maturing January 2, 2024

      250       248,125  
IPC Corp.                  

Term Loan, 5.50%, (3 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing August 6, 2021

      181       126,461  
Onvoy, LLC                  

Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing February 10, 2024

      121       102,456  
Plantronics, Inc.                  

Term Loan, 2.99%, (USD LIBOR + 2.50%), Maturing July 2, 2025(2)

      180       148,861  
Syniverse Holdings, Inc.                  

Term Loan, 6.87%, (3 mo. USD LIBOR + 5.00%), Maturing March 9, 2023

      147       104,223  
Telesat Canada                  

Term Loan, 3.16%, (1 mo. USD LIBOR + 2.75%), Maturing December 7, 2026

      200       189,743  
Zayo Group Holdings, Inc.                  

Term Loan, 3.40%, (1 mo. USD LIBOR + 3.00%), Maturing March 9, 2027

      375       353,321  
Ziggo Financing Partnership                  

Term Loan, 3.31%, (1 mo. USD LIBOR + 2.50%), Maturing April 30, 2028

            625       587,761  
                    $ 3,075,624  
 

 

  14   See Notes to Financial Statements.


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Portfolio of Investments (Unaudited) — continued

 

 

Borrower/Tranche Description          Principal
Amount*
(000’s omitted)
    Value  
Utilities — 0.4%  
Brookfield WEC Holdings, Inc.                  

Term Loan, 3.40%, (1 mo. USD LIBOR + 3.00%), Maturing August 1, 2025

      321     $ 305,533  
Calpine Construction Finance Company L.P.                  

Term Loan, 2.40%, (1 mo. USD LIBOR + 2.00%), Maturing January 15, 2025

      165       158,698  
Calpine Corporation                  

Term Loan, 2.66%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2024

      187       181,288  
Lightstone Holdco, LLC                  

Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing January 30, 2024

      7       5,660  

Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing January 30, 2024

      126       100,353  
Talen Energy Supply, LLC                  

Term Loan, 4.15%, (1 mo. USD LIBOR + 3.75%), Maturing July 8, 2026

      75       68,540  
USIC Holdings, Inc.                  

Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing December 8, 2023

            172       153,127  
                    $ 973,199  

Total Senior Floating-Rate Loans
(identified cost $78,826,770)

                  $ 70,109,275  
Corporate Bonds & Notes — 16.0%

 

Security          Principal
Amount*
(000’s omitted)
    Value  
Aerospace and Defense — 0.8%  
Bombardier, Inc.                  

6.00%, 10/15/22 (8)

      429     $ 324,431  

6.125%, 1/15/23 (8)

      113       81,383  
TransDigm, Inc.                  

6.50%, 7/15/24

      250       232,237  

6.50%, 5/15/25

      1,000       900,200  

6.25%, 3/15/26 (8)

            179       176,038  
                    $ 1,714,289  
Automotive — 0.4%  
Navistar International Corp.                  

6.625%, 11/1/25(8)

      208     $ 179,483  
Panther BF Aggregator 2 L.P./Panther
Finance Co., Inc.
                 

6.25%, 5/15/26(8)

      129       129,968  
Security          Principal
Amount*
(000’s omitted)
    Value  
Automotive (continued)  
Panther BF Aggregator 2 L.P./Panther
Finance Co., Inc. (continued)
                 

8.50%, 5/15/27(8)

            642     $ 547,080  
                    $ 856,531  
Building and Development — 0.6%                     
Core & Main Holdings, L.P.                  

8.625%, (8.625% cash or 9.375% PIK), 9/15/24(8)(9)

      69     $ 66,054  
Five Point Operating Co., L.P./Five Point
Capital Corp.
                 

7.875%, 11/15/25(8)

      84       81,795  
Greystar Real Estate Partners, LLC                  

5.75%, 12/1/25(8)

      187       173,209  
Reliance Intermediate Holdings, L.P.                  

6.50%, 4/1/23(8)

      675       683,302  
Standard Industries, Inc.                  

6.00%, 10/15/25(8)

            350       362,687  
                    $ 1,367,047  
Business Equipment and Services — 0.9%                     
EIG Investors Corp.                  

10.875%, 2/1/24

      960     $ 832,608  
KAR Auction Services, Inc.                  

5.125%, 6/1/25(8)

      132       114,538  
ServiceMaster Co., LLC (The)                  

7.45%, 8/15/27

            1,000       1,079,150  
                    $ 2,026,296  
Cable and Satellite Television — 0.9%                     
CCO Holdings, LLC/CCO Holdings Capital Corp.                  

5.50%, 5/1/26(8)

      1,000     $ 1,045,910  

4.75%, 3/1/30(8)

      75       76,849  
CSC Holdings, LLC                  

7.50%, 4/1/28(8)

      500       552,369  

5.75%, 1/15/30(8)

      200       208,567  
TEGNA, Inc.                  

5.00%, 9/15/29(8)

            74       66,384  
                    $ 1,950,079  
Conglomerates — 0.3%                     
Spectrum Brands, Inc.                  

5.00%, 10/1/29(8)

      530     $ 509,913  
 

 

  15   See Notes to Financial Statements.


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Portfolio of Investments (Unaudited) — continued

 

 

Security          Principal
Amount*
(000’s omitted)
    Value  
Conglomerates (continued)                     
TMS International Holding Corp.                  

7.25%, 8/15/25(8)

            239     $ 180,098  
                    $ 690,011  
Containers and Glass Products — 0.6%  
Reynolds Group Issuer, Inc./Reynolds Group
Issuer, LLC
                 

7.00%, 7/15/24(8)

            1,332     $ 1,343,189  
                    $ 1,343,189  
Distribution & Wholesale — 0.0%(7)                     
Performance Food Group, Inc.                  

5.50%, 10/15/27(8)

            69     $ 65,986  
                    $ 65,986  
Diversified Financial Services — 0.2%                     
GEMS MENASA Cayman, Ltd./GEMS Education
Delaware, LLC
                 

7.125%, 7/31/26(8)

            460     $ 441,600  
                    $ 441,600  
Drugs — 0.4%                     
Bausch Health Companies, Inc.                  

5.875%, 5/15/23(8)

      24     $ 23,857  

9.00%, 12/15/25(8)

      338       370,279  

8.50%, 1/31/27(8)

      63       69,744  

5.75%, 8/15/27(8)

      31       32,836  
Catalent Pharma Solutions, Inc.                  

4.875%, 1/15/26(8)

            400       408,840  
                    $ 905,556  
Ecological Services and Equipment — 0.7%                     
Covanta Holding Corp.                  

5.875%, 7/1/25

      1,000     $ 974,800  
GFL Environmental, Inc.                  

7.00%, 6/1/26(8)

      96       100,627  

8.50%, 5/1/27(8)

      285       312,315  
Waste Pro USA, Inc.                  

5.50%, 2/15/26(8)

            25       24,895  
                    $ 1,412,637  
Electronics / Electrical — 1.0%                     
Infor (US), Inc.                  

6.50%, 5/15/22

      1,000     $ 1,005,350  
Security          Principal
Amount*
(000’s omitted)
    Value  
Electronics / Electrical (continued)                     
Perusahaan Listrik Negara PT                  

5.25%, 10/24/42(10)

      1,000     $ 1,029,100  
Sensata Technologies, Inc.                  

4.375%, 2/15/30(8)

            45       43,934  
                    $ 2,078,384  
Energy — 0.0%(7)                     
Sunoco, L.P./Sunoco Finance Corp.                  

4.875%, 1/15/23

            75     $ 73,485  
                    $ 73,485  
Financial Intermediaries — 0.2%                     
Icahn Enterprises, L.P./Icahn Enterprises
Finance Corp.
                 

6.25%, 2/1/22

            435     $ 441,286  
                    $ 441,286  
Financial Services — 0.4%                     
Debt and Asset Trading Corp.                  

1.00%, 10/10/25(10)

            1,060     $ 813,550  
                    $ 813,550  
Food Products — 0.3%                     
Iceland Bondco PLC                  

4.881%, (3 mo. GBP LIBOR + 4.25%), 7/15/20(8)(11)

    GBP       31     $ 39,001  
JBS USA LUX S.A./JBS USA Food Co./JBS USA
Finance, Inc.
                 

5.50%, 1/15/30(8)

            537       546,209  
                    $ 585,210  
Health Care — 1.0%                     
Centene Corp.                  

5.25%, 4/1/25(8)

      635     $ 665,162  

5.375%, 8/15/26(8)

      113       121,419  
HCA, Inc.                  

5.875%, 2/1/29

      753       865,159  
MPH Acquisition Holdings, LLC                  

7.125%, 6/1/24(8)

            691       620,152  
                    $ 2,271,892  
Industrial Equipment — 0.1%                     
Colfax Corp.                  

6.00%, 2/15/24(8)

      36     $ 36,727  
 

 

  16   See Notes to Financial Statements.


Eaton Vance

Short Duration Diversified Income Fund

April 30, 2020

 

Portfolio of Investments (Unaudited) — continued

 

 

Security          Principal
Amount*
(000’s omitted)
    Value  
Industrial Equipment (continued)                     
Colfax Corp. (continued)                  

6.375%, 2/15/26(8)

            59     $ 61,027  
                    $ 97,754  
Insurance — 0.4%                     
Hub International, Ltd.                  

7.00%, 5/1/26(8)

            948     $ 941,127  
                    $ 941,127  
Internet Software & Services — 0.2%                     
Netflix, Inc.                  

5.875%, 11/15/28

      230     $ 261,165  
Riverbed Technology, Inc.                  

8.875%, 3/1/23(8)

            260       159,900  
                    $ 421,065  
Leisure Goods / Activities / Movies — 0.3%                     
AMC Entertainment Holdings, Inc.                  

6.125%, 5/15/27

      2,000     $ 485,000  
Viking Cruises, Ltd.                  

5.875%, 9/15/27(8)

            320       219,306  
                    $ 704,306  
Lodging and Casinos — 1.2%                     
Caesars Resort Collection, LLC/CRC Finco, Inc.                  

5.25%, 10/15/25(8)

      657     $ 520,048  
ESH Hospitality, Inc.                  

4.625%, 10/1/27(8)

      91       82,582  
Golden Nugget, Inc.                  

8.75%, 10/1/25(8)

      297       168,176  
Hilton Domestic Operating Co., Inc.                  

4.25%, 9/1/24

      55       53,786  
Hilton Worldwide Finance, LLC/Hilton Worldwide
Finance Corp.
                 

4.625%, 4/1/25

      1,000       994,800  
MGM Growth Properties Operating Partnership,
L.P./MGP Finance Co-Issuer, Inc.
                 

5.75%, 2/1/27

      44       44,689  
Stars Group Holdings B.V./Stars Group
US Co-Borrower, LLC
                 

7.00%, 7/15/26(8)

      500       516,325  
Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp.                  

5.25%, 5/15/27(8)

            243       208,379  
                    $ 2,588,785  
Security          Principal
Amount*
(000’s omitted)
    Value  
Media — 0.2%                     
Scripps Escrow, Inc.                  

5.875%, 7/15/27(8)

            477     $ 405,283  
                    $ 405,283  
Metals / Mining — 0.1%                     
Cleveland-Cliffs, Inc.                  

6.75%, 3/15/26(8)

            112