NPORT-EX 2 NPORT_FR1R_77399686_1024.htm
Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited)

Convertible Bonds — 0.4%
Security Principal
Amount
(000's omitted)
Value
China — 0.3%
Alibaba Group Holding Ltd., 0.50%, 6/1/31(1) USD       2,082 $    2,403,148
H World Group Ltd., 3.00%, 5/1/26 USD       2,023     2,300,151
PDD Holdings, Inc., 0.00%, 12/1/25 USD       2,067     2,031,861
Sunac China Holdings Ltd., 1.00% PIK, 9/30/32(2) USD       1,237       136,121
      $    6,871,281
Tanzania — 0.1%
HTA Group Ltd., 2.875%, 3/18/27(2) USD       3,400 $    3,138,398
      $    3,138,398
Total Convertible Bonds
(identified cost $10,122,720)
    $   10,009,679
    
Foreign Corporate Bonds — 29.8%
Security Principal
Amount
(000's omitted)
Value
Argentina — 1.0%
Generacion Mediterranea SA/Central Termica Roca SA:      
11.00%, 11/1/31(1) USD       5,958 $    5,897,349
12.50%, 5/28/27(1) USD       1,928     1,874,980
Pan American Energy LLC, 8.50%, 4/30/32(1) USD       7,784     8,232,553
Telecom Argentina SA, 9.50%, 7/18/31(1) USD       4,640     4,790,800
Transportadora de Gas del Sur SA, 8.50%, 7/24/31(1) USD       3,981     4,137,720
      $   24,933,402
Brazil — 4.3%
Coruripe Netherlands BV, 10.00%, 2/10/27(2) USD      10,856 $   10,522,496
Gol Finance SA, 15.185%, (1 mo. SOFR + 10.50%), 1/29/25(1)(3) USD       2,661     2,785,811
Itau BBA International PLC, 9.03%, 2/19/30 PYG  55,450,500     7,627,771
MV24 Capital BV, 6.748%, 6/1/34(2) USD       6,071     5,895,679
NewCo Holding USD 20 SARL, 9.375%, 11/7/29(1)(4) USD      13,383    13,362,926
OHI Group SA, 13.00%, 7/22/29(1) USD      28,420    28,107,380
Samarco Mineracao SA, 9.00%, 6/30/31(2)(5) USD      28,242    26,837,991
Vale SA, Series A6, 0.00%(6)(7) BRL      55,335     3,158,750
Yinson Boronia Production BV, 8.947%, 7/31/42(1) USD      12,581    13,357,971
      $  111,656,775
Security Principal
Amount
(000's omitted)
Value
Cameroon — 0.3%
Golar LNG Ltd., 7.75%, 9/19/29(1)(2) USD       8,200 $    8,170,582
      $    8,170,582
Chile — 0.1%
AES Andes SA, 6.35% to 1/7/25, 10/7/79(2)(8) USD       1,592 $    1,582,963
      $    1,582,963
China — 1.3%
China Oil & Gas Group Ltd., 4.70%, 6/30/26(2) USD      13,536 $   12,518,939
Greentown China Holdings Ltd., 4.70%, 4/29/25(2) USD      11,940    11,827,836
KWG Group Holdings Ltd., 7.875%, 8/30/24(9) USD       5,749       503,744
Shimao Group Holdings Ltd., 5.60%, 7/15/26(2)(9) USD      15,682     1,056,967
Sunac China Holdings Ltd.:      
6.00%, (5.00% cash or 6.00% PIK), 9/30/26(2)(5) USD       1,051       184,012
6.25%, (5.25% cash or 6.25% PIK), 9/30/27(2)(5) USD       1,054       174,572
6.50%, (5.50% cash or 6.50% PIK), 9/30/27(2)(5) USD       2,113       332,832
6.75%, (5.75% cash or 6.75% PIK), 9/30/28(2)(5) USD       3,178       492,513
7.00%, (6.00% cash or 7.00% PIK), 9/30/29(2)(5) USD       3,185       457,872
7.25%, (6.25% cash or 7.25% PIK), 9/30/30(2)(5) USD       1,500       206,226
Times China Holdings Ltd.:      
5.55%, 6/4/24(2)(9) USD      17,720       686,650
6.75%, 7/16/23(2)(9) USD       3,803       147,366
West China Cement Ltd., 4.95%, 7/8/26(2) USD       5,940     4,514,400
Yanlord Land HK Co. Ltd., 5.125%, 5/20/26(2) USD       1,200     1,132,458
      $   34,236,387
Colombia — 2.1%
ABRA Global Finance, 14.00%, (6.00% cash and 8.00% PIK), 10/22/29(1) USD      12,413 $   12,583,679
Banco Davivienda SA, 6.65% to 4/22/31(2)(6)(8) USD       3,051     2,558,819
Banco de Occidente SA, 10.875% to 5/13/29, 8/13/34(2)(8) USD      15,700    17,192,049
Bancolombia SA, 8.625% to 6/24/29, 12/24/34(8) USD      14,360    14,970,788
Canacol Energy Ltd., 5.75%, 11/24/28(2) USD      15,150     7,780,432
      $   55,085,767
Cyprus — 0.0%(10)
Bank of Cyprus PLC, 11.875% to 12/21/28(2)(6)(8) EUR         359 $      452,545
      $      452,545
 
1

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Security Principal
Amount
(000's omitted)
Value
Georgia — 1.3%
Bank of Georgia JSC:      
9.50% to 7/16/29(1)(6)(8) USD         205 $      201,151
9.50% to 7/16/29(2)(6)(8) USD      13,175    12,932,618
TBC Bank JSC:      
8.894% to 11/6/26(2)(6)(8) USD       7,668     7,417,013
10.25% to 7/30/29(2)(6)(8) USD      13,150    13,057,492
      $   33,608,274
Ghana — 0.8%
Kosmos Energy Ltd., 8.75%, 10/1/31(2) USD      15,618 $   15,239,988
Tullow Oil PLC, 10.25%, 5/15/26(2) USD       6,207     5,682,630
      $   20,922,618
Greece — 1.4%
Alpha Services & Holdings SA, 7.50% to 6/10/30(2)(6)(8) EUR      11,681 $   12,695,699
Piraeus Financial Holdings SA:      
7.25% to 1/17/29, 4/17/34(2)(8) EUR       6,153     7,245,091
8.75% to 6/16/26(2)(6)(8) EUR      13,671    15,382,252
      $   35,323,042
Hong Kong — 1.2%
CAS Capital No. 1 Ltd., 4.00% to 7/12/26(2)(6)(8) USD       9,900 $    9,482,368
Elect Global Investments Ltd., 4.10% to 6/3/25(2)(6)(8) USD       8,580     8,288,280
Yuexiu REIT MTN Co. Ltd., 2.65%, 2/2/26(2) USD      13,542    12,864,311
      $   30,634,959
Hungary — 0.4%
MBH Bank Nyrt, 8.625% to 10/19/26, 10/19/27(2)(8) EUR       5,694 $    6,608,839
OTP Bank Nyrt, 8.75% to 2/15/28, 5/15/33(2)(8) USD       4,622     4,917,808
      $   11,526,647
India — 0.7%
Piramal Capital & Housing Finance Ltd., 7.80%, 1/29/28(2) USD       8,155 $    8,237,357
Vedanta Resources Finance II PLC, 13.875%, 12/9/28(2) USD       9,665     9,745,744
      $   17,983,101
Indonesia — 0.8%
Indika Energy Tbk. PT, 8.75%, 5/7/29(1) USD      13,060 $   13,444,847
LLPL Capital Pte. Ltd., 6.875%, 2/4/39(2) USD       7,884     8,065,007
      $   21,509,854
Security Principal
Amount
(000's omitted)
Value
Jamaica — 0.7%
Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd./DIFL U.S., 12.00%, (9.00% cash and 3.00% PIK), 5/25/27 USD      18,553 $   18,657,060
      $   18,657,060
Kazakhstan — 0.6%
Development Bank of Kazakhstan JSC, 13.00%, 4/15/27(1) KZT   7,365,500 $   14,983,249
      $   14,983,249
Luxembourg — 0.6%
FORESEA Holding SA, 7.50%, 6/15/30(2) USD      15,793 $   15,167,314
      $   15,167,314
Mexico — 2.3%
Alpha Holding SA de CV:      
9.00%, 2/10/25(2)(9) USD       8,785 $      109,816
10.00%, 12/19/22(2)(9) USD       5,495        68,682
BBVA Bancomer SA:      
5.125% to 1/17/28, 1/18/33(2)(8) USD       9,044     8,439,836
8.45% to 6/29/33, 6/29/38(1)(8) USD       1,046     1,100,775
8.45% to 6/29/33, 6/29/38(2)(8) USD       7,433     7,822,237
Fideicomiso Irrevocable de Administracion y Fuente de Pago Numero CIB, 13.00% to 9/12/27, (11.00% cash and 2.00% PIK), 9/12/30(2)(5) USD      11,892    12,334,383
Grupo Aeromexico SAB de CV, 8.625%, 11/15/31(1)(4) USD      18,139    18,134,465
Total Play Telecomunicaciones SA de CV:      
6.375%, 9/20/28(2) USD       7,037     3,945,304
10.50%, 12/31/28(2) USD         822       707,537
10.50%, 12/31/28(1) USD       9,099     7,831,972
      $   60,495,007
Moldova — 0.2%
Aragvi Finance International DAC, 8.45%, 4/29/26(2) USD       5,117 $    5,100,627
      $    5,100,627
Nigeria — 0.5%
Access Bank PLC, 6.125%, 9/21/26(2) USD      12,274 $   11,722,713
      $   11,722,713
 
2

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Security Principal
Amount
(000's omitted)
Value
Panama — 0.2%
AES Panama Generation Holdings SRL, 4.375%, 5/31/30(2) USD       5,530 $    4,887,923
      $    4,887,923
Paraguay — 0.4%
Frigorifico Concepcion SA:      
7.70%, 7/21/28(2) USD       5,798 $    4,085,476
7.70%, 7/21/28(1) USD       7,960     5,608,897
      $    9,694,373
Peru — 1.3%
Auna SA, 10.00%, 12/15/29(1) USD      15,398 $   16,320,828
Camposol SA, 6.00%, 2/3/27(2) USD       4,611     4,238,743
Peru LNG SRL, 5.375%, 3/22/30(2) USD      10,152     9,119,092
Telefonica del Peru SAA, 7.375%, 4/10/27(2) PEN      25,500     5,071,129
      $   34,749,792
Russia — 0.0%
Tinkoff Bank JSC Via TCS Finance Ltd., 6.00% to 12/20/26(2)(6)(8)(9)(11) USD       4,509 $            0
      $            0
Singapore — 0.3%
Puma International Financing SA, 7.75%, 4/25/29(1) USD       6,673 $    6,823,226
      $    6,823,226
Supranational — 0.4%
European Bank for Reconstruction & Development:      
17.20%, 4/9/26(2) USD       6,300 $    6,289,019
17.35%, 3/1/27(2) USD       2,300     2,254,901
International Finance Corp., 16.00%, 2/21/25 UZS  19,000,000     1,488,964
      $   10,032,884
Togo — 0.3%
Ecobank Transnational, Inc., 10.125%, 10/15/29(1) USD       7,744 $    8,010,394
      $    8,010,394
Tunisia — 0.0%(10)
Tunisian Republic, 3.28%, 8/9/27 JPY     200,000 $    1,085,709
      $    1,085,709
Turkey — 1.6%
Eregli Demir ve Celik Fabrikalari TAS, 8.375%, 7/23/29(2) USD       8,783 $    9,035,775
Security Principal
Amount
(000's omitted)
Value
Turkey (continued)
Limak Iskenderun Uluslararasi Liman Isletmeciligi AS, 9.50%, 7/10/36(2) USD       7,867 $    7,456,782
WE Soda Investments Holding PLC, 9.50%, 10/6/28(2) USD       9,325     9,639,252
Zorlu Enerji Elektrik Uretim AS, 11.00%, 4/23/30(2) USD      16,491    16,549,101
      $   42,680,910
Ukraine — 0.0%(10)
Kernel Holding SA, 6.75%, 10/27/27(2) USD       1,189 $      713,400
      $      713,400
United Arab Emirates — 0.4%
Ittihad International Ltd., 9.75%, 11/9/28(2) USD      11,130 $   11,418,256
      $   11,418,256
United Kingdom — 0.6%
Avianca Midco 2 PLC:      
9.00%, 12/1/28(2) USD       4,220 $    4,172,155
9.00%, 12/1/28(2) USD      11,851    11,718,311
      $   15,890,466
Uzbekistan — 2.8%
Ipoteka-Bank ATIB:      
5.50%, 11/19/25(2) USD         576 $      567,276
20.50%, 4/25/27(2) UZS 256,750,000    20,083,916
Jscb Agrobank, 9.25%, 10/2/29(2) USD      22,358    22,820,784
Uzbek Industrial & Construction Bank ATB, 21.00%, 7/24/27(2) UZS 375,870,000    30,025,674
      $   73,497,650
Venezuela — 0.7%
Petroleos de Venezuela SA:      
5.375%, 4/12/27(2)(9) USD      35,423 $    3,520,365
5.50%, 4/12/37(2)(9) USD      12,934     1,280,416
6.00%, 10/28/22(2)(9) USD       9,482       758,557
6.00%, 5/16/24(2)(9) USD      35,278     3,404,334
6.00%, 11/15/26(2)(9) USD      15,098     1,472,081
8.50%, 10/27/20(2)(9) USD       2,128     1,928,659
9.00%, 11/17/21(2)(9) USD      16,078     1,651,677
9.75%, 5/17/35(2)(9) USD      18,355     2,083,273
12.75%, 2/17/22(2)(9) USD      10,019     1,125,930
      $   17,225,292
 
3

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Security Principal
Amount
(000's omitted)
Value
Vietnam — 0.2%
Mong Duong Finance Holdings BV, 5.125%, 5/7/29(2) USD       5,591 $    5,458,334
      $    5,458,334
Total Foreign Corporate Bonds
(identified cost $798,215,673)
    $  775,921,495
    
Loan Participation Notes — 0.8%
Security Principal
Amount
(000's omitted)
Value
Uzbekistan — 0.8%
Daryo Finance BV (borrower - Uzbek Industrial and Construction Bank ATB), 18.75%, 6/15/25(2)(11)(12) UZS  86,016,955 $    6,765,065
Europe Asia Investment Finance BV (borrower - Joint Stock Commercial Bank “Asaka”), 18.70%, 7/21/26(2)(11)(12) UZS 197,697,150    15,461,510
Total Loan Participation Notes
(identified cost $23,854,976)
    $   22,226,575
    
Senior Floating-Rate Loans — 4.8%(13)
Borrower/Description Principal
Amount
(000's omitted)
Value
Argentina — 0.4%
Provincia De Neuquen:      
Term Loan, 4.658%, (SOFR + 0.00%), 11/28/27 $       3,289 $    3,321,636
Term Loan, 12.068%, (SOFR + 7.41%), 11/1/27         3,695     3,732,236
Term Loan, 12.719%, (SOFR + 7.41%), 11/1/27         3,089     3,119,473
      $   10,173,345
Bahamas — 0.9%
Commonwealth of the Bahamas, Term Loan, 10.512%, (3 mo. EURIBOR + 6.85%), 11/24/28 EUR      21,080 $   22,867,857
      $   22,867,857
Jamaica — 0.6%
Digicel International Finance Ltd., Term Loan, 11.335%, (SOFR + 6.75%), 5/25/27 $      16,158 $   16,152,958
      $   16,152,958
Borrower/Description Principal
Amount
(000's omitted)
Value
Luxembourg — 0.1%
Zacapa SARL, Term Loan, 8.355%, (SOFR + 3.75%), 3/22/29 $       2,340 $    2,346,591
      $    2,346,591
Paraguay — 0.5%
Frigorifico Concepcion SA, Term Loan, 10.494%, (SOFR + 5.50%), 12/8/26 $      14,610 $   14,774,363
      $   14,774,363
Tanzania — 2.0%
HTA Group Ltd.:      
Term Loan, 9.641%, (SOFR + 4.31%), 9/13/28 $       1,740 $    1,731,300
Term Loan, 9.641%, (SOFR + 4.31%), 9/13/28        10,645    10,591,775
Tanzania, Term Loan, 10.158%, (SOFR + 5.45%), 2/27/31        40,200    40,149,750
      $   52,472,825
Uzbekistan — 0.3%
Navoi Mining & Metallurgical Co., Term Loan, 9.407%, (SOFR + 4.76%), 4/23/27 $       7,225 $    7,206,966
      $    7,206,966
Total Senior Floating-Rate Loans
(identified cost $125,619,653)
    $  125,994,905
    
Sovereign Government Bonds — 49.3%
Security Principal
Amount
(000's omitted)
Value
Albania — 1.0%
Albanian Government Bonds:      
4.30%, 7/10/27 ALL     521,900 $    5,859,061
4.70%, 2/23/27 ALL     141,600     1,605,529
4.95%, 7/22/29 ALL     710,300     8,034,719
5.25%, 1/26/29 ALL     883,700    10,115,045
6.13%, 7/25/34 ALL      60,800       687,866
      $   26,302,220
Angola — 2.3%
Angola Government International Bonds:      
8.75%, 4/14/32(2) USD      16,491 $   14,986,196
9.125%, 11/26/49(2) USD      32,079    26,906,261
9.375%, 5/8/48(2) USD      21,706    18,582,887
      $   60,475,344
 
4

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Security Principal
Amount
(000's omitted)
Value
Armenia — 1.6%
Republic of Armenia Treasury Bonds:      
9.00%, 4/29/26 AMD     376,680 $      968,875
9.25%, 4/29/28 AMD   2,997,750     7,636,569
9.60%, 10/29/33 AMD  10,378,050    26,346,675
9.75%, 10/29/50 AMD     884,427     2,240,994
9.75%, 10/29/52 AMD     953,900     2,411,934
12.50%, 10/29/37 AMD     750,640     2,294,045
      $   41,899,092
Bahamas — 0.6%
Bahamas Government International Bonds:      
6.00%, 11/21/28(2) USD       5,831 $    5,549,946
6.95%, 11/20/29(2) USD       2,245     2,146,220
8.95%, 10/15/32(2) USD       8,711     8,958,473
      $   16,654,639
Barbados — 0.1%
Barbados Government International Bonds, 6.50%, 10/1/29(2) USD       3,304 $    3,196,330
      $    3,196,330
Benin — 2.6%
Benin Government International Bonds:      
4.875%, 1/19/32(2) EUR      15,252 $   14,844,474
4.95%, 1/22/35(2) EUR      27,686    25,163,711
6.875%, 1/19/52(2) EUR      25,541    23,208,572
7.96%, 2/13/38(2) USD       4,190     4,132,126
      $   67,348,883
Bosnia and Herzegovina — 0.0%(10)
Republic of Srpska Treasury Bonds:      
1.50%, 6/9/25 BAM          10 $        5,392
1.50%, 9/25/26 BAM          84        45,769
      $       51,161
Cameroon — 2.6%
Republic of Cameroon International Bonds:      
5.95%, 7/7/32(2) EUR      13,391 $   11,752,988
9.50%, 7/31/31(2) USD      58,254    55,941,753
      $   67,694,741
Colombia — 1.2%
Titulos De Tesoreria B, 2.25%, 4/18/29 COP 150,906,504 $   29,981,728
      $   29,981,728
Security Principal
Amount
(000's omitted)
Value
Dominican Republic — 3.9%
Dominican Republic Bonds:      
8.00%, 1/15/27(2) DOP      50,040 $      791,608
8.00%, 2/12/27(2) DOP     255,750     4,037,877
10.75%, 6/1/36(1) DOP   2,449,050    43,281,761
11.25%, 9/15/35(1) DOP     176,600     3,207,924
11.25%, 9/15/35(2) DOP     164,200     2,982,679
12.00%, 8/8/25(1) DOP     209,200     3,519,168
12.75%, 9/23/29(1) DOP     494,600     9,160,889
13.00%, 6/10/34(2) DOP     421,100     8,341,358
13.625%, 2/3/33(2) DOP      63,350     1,269,725
13.625%, 2/3/33(1) DOP     461,150     9,242,836
Dominican Republic Central Bank Notes:      
8.00%, 3/12/27(2) DOP      17,280       275,727
12.00%, 10/3/25(1) DOP     634,070    10,698,901
13.00%, 12/5/25(1) DOP      53,380       904,336
13.00%, 1/30/26(1) DOP     209,070     3,560,628
      $  101,275,417
Ecuador — 2.6%
Ecuador Government International Bonds:      
0.00%, 7/31/30(2) USD      33,230 $   18,229,879
5.00%, 7/31/40(2) USD         800       343,252
5.00%, 7/31/40(2) USD       2,515     1,079,016
5.00%, 7/31/40(2) USD       1,538       659,920
5.00%, 7/31/40(2) USD         410       175,926
5.00%, 7/31/40(2) USD       3,451     1,478,793
5.00%, 7/31/40(2) USD         182        78,190
5.00%, 7/31/40(2) USD       1,640       703,706
6.90%, 7/31/30(2) USD      63,298    43,694,744
      $   66,443,426
Egypt — 7.2%
Egypt Government Bonds, 24.458%, 10/1/27 EGP   9,278,437 $  186,101,083
      $  186,101,083
El Salvador — 0.7%
El Salvador Government International Bonds:      
7.65%, 6/15/35(2) USD       2,692 $    2,352,114
8.25%, 4/10/32(2) USD       3,527     3,308,448
9.25%, 4/17/30(2) USD      13,249    13,166,194
      $   18,826,756
 
5

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Security Principal
Amount
(000's omitted)
Value
Ethiopia — 1.6%
Ethiopia International Bonds, 6.625%, 12/11/24(2)(9) USD      53,347 $   41,810,711
      $   41,810,711
Georgia — 0.5%
Georgia Treasury Bonds:      
8.00%, 7/13/34 GEL       5,888 $    2,080,219
8.25%, 8/28/29 GEL      25,020     9,186,475
8.375%, 7/25/31 GEL       5,520     2,023,041
      $   13,289,735
Ghana — 0.9%
Ghana Cocoa Bonds:      
13.00%, 8/30/27 GHS      11,360 $      488,897
13.00%, 8/28/28 GHS      11,360       439,921
Ghana Government International Bonds:      
0.00%, 7/3/26(1) USD          63        58,189
0.00%, 7/3/26(2) USD       1,468     1,364,351
0.00%, 1/3/30(1) USD         108        82,040
0.00%, 1/3/30(2) USD       3,679     2,795,468
5.00% to 7/3/28, 7/3/29(1)(14) USD         473       407,083
5.00% to 7/3/28, 7/3/29(2)(14) USD      11,872    10,209,684
5.00% to 7/3/28, 7/3/35(1)(14) USD         271       189,373
5.00% to 7/3/28, 7/3/35(2)(14) USD       9,328     6,519,448
Republic of Ghana Government Bonds:      
8.95%, (5.00% cash and 3.95% PIK), 2/11/31 GHS         454        14,240
9.25%, (5.00% cash and 4.25% PIK), 2/8/33 GHS      11,360       317,551
9.70%, (5.00% cash and 4.70% PIK), 2/5/36 GHS      11,360       297,275
      $   23,183,520
Ivory Coast — 0.1%
Ivory Coast Government International Bonds, 6.625%, 3/22/48(2) EUR       3,330 $    2,929,954
      $    2,929,954
Jordan — 0.1%
Jordan Government International Bonds, 7.50%, 1/13/29(2) USD       2,747 $    2,803,918
      $    2,803,918
Kazakhstan — 0.4%
Kazakhstan Government Bonds:      
5.00%, 4/18/28 KZT   1,337,135 $    2,174,702
5.50%, 9/20/28 KZT      71,033       117,330
10.55%, 7/28/29 KZT   3,752,504      7,084,797
Security Principal
Amount
(000's omitted)
Value
Kazakhstan (continued)
Kazakhstan Government Bonds:(continued)      
14.00%, 5/12/31 KZT     156,274 $      348,400
14.00%, 5/19/32 KZT     106,550       238,971
      $    9,964,200
Paraguay — 0.8%
Paraguay Government Bonds:      
7.90%, 2/9/31(1) PYG 121,909,000 $   15,718,640
7.90%, 2/9/31(2) PYG  39,474,000     5,089,678
      $   20,808,318
Peru — 1.4%
Peru Government Bonds:      
6.90%, 8/12/37 PEN      41,340 $   10,677,752
7.60%, 8/12/39(1)(2) PEN      94,299    25,652,236
      $   36,329,988
Poland — 2.7%
Republic of Poland Government Bonds, 2.00%, 8/25/36(15) PLN     324,008 $   70,355,218
      $   70,355,218
Serbia — 2.9%
Serbia Treasury Bonds:      
4.50%, 8/20/32 RSD   1,479,890 $   13,425,728
7.00%, 10/26/31 RSD   5,859,780    61,532,863
      $   74,958,591
Seychelles — 0.0%(10)
Seychelles International Bonds, 8.00%, 1/1/26(2) USD          53 $       53,721
      $       53,721
Sri Lanka — 2.3%
Sri Lanka Government International Bonds:      
5.75%, 4/18/23(2)(9) USD       8,978 $    5,484,748
6.20%, 5/11/27(2)(9) USD      15,135     9,345,862
6.35%, 6/28/24(2)(9) USD       6,974     4,270,271
6.75%, 4/18/28(2)(9) USD       8,467     5,318,405
6.825%, 7/18/26(2)(9) USD      27,153    16,834,860
6.85%, 3/14/24(2)(9) USD       8,089     4,941,574
6.85%, 11/3/25(2)(9) USD      21,313    13,366,893
7.55%, 3/28/30(2)(9) USD       1,232       768,266
      $   60,330,879
 
6

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Security Principal
Amount
(000's omitted)
Value
Suriname — 2.2%
Suriname Government International Bonds:      
0.00%, Oil-Linked, 12/31/50(1) USD      16,919 $   17,257,380
0.00%, Oil-Linked, 12/31/50(2) USD       2,548     2,598,960
7.95%, (4.95% cash and 3.00% PIK), 7/15/33(1) USD      31,253    29,768,921
7.95%, (4.95% cash and 3.00% PIK), 7/15/33(2) USD       7,961     7,583,306
      $   57,208,567
Tajikistan — 0.0%(10)
Republic of Tajikistan International Bonds, 7.125%, 9/14/27(2) USD         565 $      552,706
      $      552,706
Tunisia — 0.6%
Tunisian Republic:      
3.50%, 2/3/33 JPY     600,000 $    2,515,272
4.20%, 3/17/31 JPY      30,000       147,480
5.75%, 1/30/25(2) USD       3,968     3,883,514
6.375%, 7/15/26(2) EUR       8,931     9,010,500
      $   15,556,766
Turkey — 2.4%
Turkiye Government Bonds:      
17.30%, 7/19/28 TRY     125,540 $    2,532,301
26.20%, 10/5/33 TRY     828,564    22,524,118
27.70%, 9/27/34 TRY     385,290    10,974,560
30.00%, 9/12/29 TRY     118,008     3,244,595
50.00% (TLREF), 9/6/28(3) TRY     216,385     6,166,641
50.223% (TLREF), 6/16/27(3) TRY     228,831     6,673,264
52.191% (TLREF), 5/17/28(3) TRY     370,034    10,664,179
      $   62,779,658
Ukraine — 1.7%
Ukraine Government International Bonds:      
0.00% to 2/1/27, 2/1/34(2)(14) USD       5,568 $    2,098,777
0.00% to 2/1/27, 2/1/35(2)(14) USD       6,682     3,275,636
0.00% to 2/1/27, 2/1/36(2)(14) USD      15,312     7,437,763
0.00%, GDP-Linked, 8/1/41(2)(16)(17) USD      24,114    17,490,041
1.75% to 8/1/25, 2/1/29(2)(14) USD       9,187     5,538,704
1.75% to 8/1/25, 2/1/34(2)(14) USD       2,291     1,095,379
1.75% to 8/1/25, 2/1/35(2)(14) USD       8,352     3,888,722
1.75% to 8/1/25, 2/1/36(2)(14) USD       9,744     4,475,517
      $   45,300,539
Security Principal
Amount
(000's omitted)
Value
Uruguay — 0.3%
Uruguay Government Bonds:      
3.40%, 5/16/45 UYU     316,619 $    7,683,261
3.875%, 7/2/40(15) UYU      33,152       851,712
      $    8,534,973
Uzbekistan — 1.4%
National Bank of Uzbekistan, 19.875%, 7/5/27(2) UZS 175,670,000 $   13,922,397
Republic of Uzbekistan Bonds:      
16.25%, 10/12/26(2) UZS 181,050,000    14,255,531
16.625%, 5/29/27(2) UZS  90,000,000     6,982,094
      $   35,160,022
Venezuela — 0.6%
Venezuela Government International Bonds:      
6.00%, 12/9/20(2)(9) USD      13,632 $    1,683,307
7.00%, 3/31/38(2)(9) USD       4,210       585,012
7.65%, 4/21/25(2)(9) USD       8,539     1,193,520
7.75%, 10/13/19(2)(9) USD      15,543     2,015,574
8.25%, 10/13/24(2)(9) USD      12,954     1,803,346
9.00%, 5/7/23(2)(9) USD       2,387       338,839
9.25%, 9/15/27(9) USD      12,824     1,979,705
9.25%, 5/7/28(2)(9) USD      14,255     2,129,014
9.375%, 1/13/34(9) USD         976       166,637
11.75%, 10/21/26(2)(9) USD       5,305       856,496
11.95%, 8/5/31(2)(9) USD       5,917       929,268
12.75%, 8/23/22(2)(9) USD       6,018       957,120
      $   14,637,838
Total Sovereign Government Bonds
(identified cost $1,256,095,421)
    $1,282,800,642
    
Sovereign Loans — 1.0%
Borrower/Description Principal
Amount
(000's omitted)
Value
Ivory Coast — 0.0%(10)
Republic of Ivory Coast, Term Loan, 9.426%, (6 mo. EURIBOR + 5.75%), 1/6/28(3) EUR         735 $      810,172
      $      810,172
 
7

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Borrower/Description Principal
Amount
(000's omitted)
Value
Kenya — 0.0%(10)
Government of Kenya, Term Loan, 12.142%, (6 mo. SOFR + 6.45%), 6/29/25(3) USD         391 $      396,405
      $      396,405
Tanzania — 1.0%
Government of the United Republic of Tanzania, Term Loan, 12.022%, (6 mo. SOFR + 6.30%), 4/28/31(3) USD      23,909 $   24,398,463
      $   24,398,463
Total Sovereign Loans
(identified cost $25,161,377)
    $   25,605,040
    
Short-Term Investments — 7.8%
Sovereign Government Securities — 6.3%
Security Principal
Amount
(000's omitted)
Value
Egypt — 1.4%
Egypt Treasury Bills:      
0.00%, 12/10/24 EGP     558,375 $   11,105,805
0.00%, 12/17/24 EGP   1,264,300    25,002,538
      $   36,108,343
Kazakhstan — 0.8%
National Bank of Kazakhstan Notes, 0.00%, 11/13/24 KZT  10,545,132 $   21,638,472
      $   21,638,472
Nigeria — 4.0%
Nigeria OMO Bills:      
0.00%, 1/28/25 NGN   1,676,448 $      934,889
0.00%, 2/25/25 NGN   2,798,096     1,527,838
0.00%, 4/1/25 NGN   8,326,542     4,510,200
0.00%, 5/20/25 NGN  27,576,817    14,146,522
0.00%, 5/27/25 NGN  18,642,267     9,514,000
0.00%, 6/10/25 NGN   1,121,950       566,277
0.00%, 6/17/25 NGN  13,408,450     6,738,198
0.00%, 8/19/25 NGN   4,876,036     2,340,723
0.00%, 9/30/25 NGN  35,081,569    16,341,295
0.00%, 10/7/25 NGN  40,941,089    19,979,724
Nigeria Treasury Bills:      
0.00%, 2/6/25 NGN   3,549,468      1,966,085
Security Principal
Amount
(000's omitted)
Value
Nigeria (continued)
Nigeria Treasury Bills:(continued)      
0.00%, 2/20/25 NGN  15,581,382 $    8,539,942
0.00%, 3/6/25 NGN   8,658,262     4,695,812
0.00%, 3/27/25 NGN  14,997,481     8,007,257
0.00%, 4/10/25 NGN   8,410,421     4,443,918
      $  104,252,680
Pakistan — 0.1%
Pakistan Treasury Bills:      
0.00%, 11/14/24 PKR     607,700 $    2,172,678
0.00%, 11/14/24 PKR     212,000       757,953
      $    2,930,631
Total Sovereign Government Securities
(identified cost $177,762,232)
    $  164,930,126
    
U.S. Treasury Obligations — 1.5%
Security Principal
Amount
(000's omitted)
Value
U.S. Treasury Bills:      
0.00%, 11/7/24 $       2,680 $    2,677,921
0.00%, 11/21/24         2,622     2,615,289
0.00%, 12/12/24        22,698    22,579,633
0.00%, 1/16/25        10,000     9,906,013
Total U.S. Treasury Obligations
(identified cost $37,778,899)
    $   37,778,856
Total Short-Term Investments
(identified cost $215,541,131)
    $  202,708,982
     
Total Purchased Options and Swaptions — 0.0%(10)
(identified cost $1,551,276)
    $      479,366
Total Investments — 93.9%
(identified cost $2,456,162,227)
    $2,445,746,684
Total Written Options — (0.0)%(10)
(premiums received $224,958)
    $     (236,827)
Other Assets, Less Liabilities — 6.1%     $  158,340,765
Net Assets — 100.0%     $2,603,850,622
    
 
8

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
(1) Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At October 31, 2024, the aggregate value of these securities is $370,875,008 or 14.2% of the Fund's net assets.
(2) Security exempt from registration under Regulation S of the Securities Act of 1933, as amended, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933, as amended. At October 31, 2024, the aggregate value of these securities is $1,160,819,014 or 44.6% of the Fund's net assets.
(3) Variable rate security. The stated interest rate represents the rate in effect at October 31, 2024.
(4) When-issued security.
(5) Represents a payment-in-kind security which may pay interest in additional principal at the issuer’s discretion.
(6) Perpetual security with no stated maturity date but may be subject to calls by the issuer.
(7) Variable rate security whose coupon rate is linked to the issuer’s mining activity revenue. The coupon rate shown represents the rate in effect at October 31, 2024.
(8) Security converts to variable rate after the indicated fixed-rate coupon period.
(9) Issuer is in default with respect to interest and/or principal payments and is non-income producing.
(10) Amount is less than 0.05% or (0.05)%, as applicable.
(11) For fair value measurement disclosure purposes, security is categorized as Level 3.
(12) Limited recourse note whose payments by the issuer are limited to amounts received by the issuer from the borrower pursuant to a loan agreement with the borrower.
(13) Senior floating-rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will typically have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are redetermined periodically by reference to a base lending rate, plus a spread. These base lending rates are primarily the Secured Overnight Financing Rate (“SOFR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”). Base lending rates may be subject to a floor, or minimum rate. Rates for SOFR are generally 1 or 3-month tenors and may also be subject to a credit spread adjustment. Senior Loans are generally subject to contractual restrictions that must be satisfied before they can be bought or sold.
(14) Step coupon security. Interest rate represents the rate in effect at October 31, 2024.
(15) Inflation-linked security whose principal is adjusted for inflation based on changes in a designated inflation index or inflation rate for the applicable country. Interest is calculated based on the inflation-adjusted principal.
(16) Amounts payable in respect of the security are contingent upon and determined by reference to Ukraine’s GDP and Real GDP Growth Rate. Principal amount represents the notional amount used to calculate payments due to the security holder and does not represent an entitlement for payment.
(17) Non-income producing security.
 
Purchased Currency Options (OTC) — 0.0%(1)
Description Counterparty Notional Amount Exercise
Price
Expiration
Date
Value
Put USD vs. Call INR JPMorgan Chase Bank, N.A. USD 42,300,000 INR 85.50 1/25/29 $233,707
Put USD vs. Call INR JPMorgan Chase Bank, N.A. USD 22,600,000 INR 85.50 1/25/29 124,865
Put USD vs. Call INR JPMorgan Chase Bank, N.A. USD 21,770,000 INR 85.50 1/30/29 120,628
Total             $479,200
(1) Amount is less than 0.05%.
9

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Purchased Interest Rate Swaptions (OTC) — 0.0%(1)
Description Counterparty Notional Amount Expiration
Date
Value
Option to enter into interest rate swap expiring 11/21/26 to pay SAIBOR and receive 4.41% JPMorgan Chase Bank, N.A. SAR 959,595,000 11/19/24 $151
Option to enter into interest rate swap expiring 11/25/26 to pay SAIBOR and receive 4.30% JPMorgan Chase Bank, N.A. SAR 639,731,000 11/21/24  15
Total         $166
(1) Amount is less than 0.05%.
Written Currency Options (OTC) — (0.0)%(1)
Description Counterparty Notional Amount Exercise
Price
Expiration
Date
Value
Call USD vs. Put CNH Citibank, N.A. USD  2,000,000 CNH 7.30 11/21/24 $  (3,216)
Call USD vs. Put CNH Deutsche Bank AG USD 49,630,000 CNH 7.30 11/21/24  (79,805)
Put USD vs. Call CNH Citibank, N.A. USD  2,000,000 CNH 6.98 11/21/24   (5,958)
Put USD vs. Call CNH Deutsche Bank AG USD 49,630,000 CNH 6.98 11/21/24 (147,848)
Total             $(236,827)
(1) Amount is less than (0.05)%.
Forward Foreign Currency Exchange Contracts (Centrally Cleared)
Currency Purchased Currency Sold Settlement
Date
Value/Unrealized
Appreciation
(Depreciation)
CLP     298,000,000 USD         316,919 12/18/24 $   (7,058)
CLP     596,000,000 USD         632,300 12/18/24   (12,577)
CLP   1,493,000,000 USD       1,581,116 12/18/24   (28,689)
CLP   4,919,000,000 USD       5,232,979 12/18/24  (118,184)
CLP   6,120,000,000 USD       6,488,206 12/18/24  (124,607)
CLP  13,715,000,000 USD      14,562,076 12/18/24  (301,168)
CLP  40,318,000,000 USD      42,787,252 12/18/24  (864,447)
COP     312,450,435 USD          74,013 12/18/24    (3,819)
EUR          16,885 USD          18,714 12/18/24      (313)
EUR         116,063 USD         128,874 12/18/24    (2,391)
EUR         154,537 USD         171,595 12/18/24    (3,183)
EUR         313,407 USD         347,351 12/18/24    (5,805)
EUR         709,692 USD         786,556 12/18/24   (13,146)
EUR       1,197,119 USD       1,329,257 12/18/24   (24,657)
EUR       1,369,008 USD       1,520,119 12/18/24   (28,197)
EUR       1,757,070 USD       1,947,373 12/18/24   (32,547)
EUR       1,865,955 USD       2,068,050 12/18/24   (34,564)
EUR       2,309,091 USD       2,559,754 12/18/24   (43,346)
EUR       3,853,955 USD       4,271,363 12/18/24   (71,388)
EUR       3,818,112 USD       4,239,555 12/18/24   (78,641)
10

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Forward Foreign Currency Exchange Contracts (Centrally Cleared)(continued)
Currency Purchased Currency Sold Settlement
Date
Value/Unrealized
Appreciation
(Depreciation)
EUR       5,692,370 USD       6,310,305 12/18/24 $ (106,856)
EUR       6,364,683 USD       7,067,217 12/18/24  (131,092)
EUR       6,902,713 USD       7,664,634 12/18/24  (142,174)
EUR       7,464,000 USD       8,287,876 12/18/24  (153,735)
EUR      13,318,343 USD      14,788,422 12/18/24  (274,315)
EUR      16,862,254 USD      18,723,509 12/18/24  (347,309)
IDR  32,795,693,751 USD       2,161,878 12/18/24   (77,274)
IDR  65,253,404,369 USD       4,301,477 12/18/24  (153,751)
IDR 246,520,290,824 USD      15,863,597 12/18/24  (193,938)
IDR 181,450,000,000 USD      11,928,083 12/18/24  (394,511)
IDR 199,111,000,000 USD      13,129,641 12/18/24  (473,476)
IDR 190,000,000,000 USD      12,559,492 12/18/24  (482,454)
INR   1,180,000,000 USD      13,997,628 12/18/24    12,335
INR   1,180,000,000 USD      13,998,292 12/18/24    11,670
INR   1,414,600,000 USD      16,785,524 12/18/24     9,809
INR     855,000,000 USD      10,142,950 12/18/24     8,336
INR     758,660,000 USD       9,038,122 12/18/24   (30,667)
INR     818,930,000 USD       9,757,879 12/18/24   (34,847)
KRW     469,000,000 USD         350,678 12/18/24    (8,977)
KRW     837,000,000 USD         627,874 12/18/24   (18,058)
KRW     837,000,000 USD         628,173 12/18/24   (18,358)
KRW   1,138,000,000 USD         852,818 12/18/24   (23,702)
KRW   1,238,000,000 USD         926,161 12/18/24   (24,188)
KRW   2,456,700,000 USD       1,844,073 12/18/24   (54,188)
KRW   4,345,000,000 USD       3,248,817 12/18/24   (83,167)
KRW   7,745,000,000 USD       5,809,897 12/18/24  (167,100)
KRW   7,746,000,000 USD       5,813,419 12/18/24  (169,893)
KRW  10,534,000,000 USD       7,894,185 12/18/24  (219,397)
KRW  11,456,000,000 USD       8,570,360 12/18/24  (223,828)
KRW  22,736,615,459 USD      17,066,789 12/18/24  (501,505)
PEN      73,105,800 USD      19,293,202 12/18/24    71,114
PEN      51,334,691 USD      13,624,580 12/18/24   (27,010)
PEN      33,900,000 USD       9,013,321 12/18/24   (33,865)
TWD     451,000,000 USD      14,175,703 12/18/24     9,451
TWD     210,000,000 USD       6,601,536 12/18/24     3,524
TWD     244,000,000 USD       7,681,169 12/18/24    (6,717)
TWD     474,780,000 USD      14,945,934 12/18/24   (12,835)
TWD     116,000,000 USD       3,663,929 12/18/24   (15,419)
TWD     163,000,000 USD       5,145,202 12/18/24   (18,417)
TWD     163,000,000 USD       5,153,824 12/18/24   (27,039)
TWD     448,000,000 USD      14,123,136 12/18/24   (32,340)
USD      39,269,196 COP 165,776,875,324 12/18/24 2,026,114
USD      21,455,189 COP  90,911,000,000 12/18/24 1,031,316
USD      71,258,325 EUR      64,294,782 12/18/24 1,190,953
11

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Forward Foreign Currency Exchange Contracts (Centrally Cleared)(continued)
Currency Purchased Currency Sold Settlement
Date
Value/Unrealized
Appreciation
(Depreciation)
USD      52,632,957 EUR      47,489,532 12/18/24 $  879,664
USD      45,522,418 EUR      40,997,152 12/18/24   844,411
USD      23,406,810 EUR      21,080,000 12/18/24   434,181
USD      22,658,302 EUR      20,444,076 12/18/24   378,692
USD      22,156,409 EUR      19,991,229 12/18/24   370,304
USD      18,921,032 EUR      17,072,021 12/18/24   316,231
USD      15,712,753 EUR      14,177,263 12/18/24   262,610
USD      12,727,176 EUR      11,462,000 12/18/24   236,081
USD      11,325,382 EUR      10,218,637 12/18/24   189,283
USD       9,937,901 EUR       8,950,000 12/18/24   184,341
USD       8,272,400 EUR       7,464,000 12/18/24   138,258
USD       7,845,992 EUR       7,079,262 12/18/24   131,131
USD       7,650,322 EUR       6,902,713 12/18/24   127,861
USD       7,635,665 EUR       6,889,489 12/18/24   127,616
USD       7,194,523 EUR       6,491,456 12/18/24   120,243
USD       7,101,040 EUR       6,407,108 12/18/24   118,681
USD       5,751,768 EUR       5,180,000 12/18/24   106,692
USD       4,258,307 EUR       3,835,000 12/18/24    78,989
USD       4,231,639 EUR       3,818,112 12/18/24    70,724
USD       2,331,798 EUR       2,100,000 12/18/24    43,253
USD       2,068,050 EUR       1,865,955 12/18/24    34,564
USD       1,665,570 EUR       1,500,000 12/18/24    30,895
USD       1,517,280 EUR       1,369,008 12/18/24    25,359
USD       1,332,456 EUR       1,200,000 12/18/24    24,716
USD       1,111,341 EUR       1,002,738 12/18/24    18,574
USD       1,108,307 EUR       1,000,000 12/18/24    18,523
USD         403,867 EUR         364,400 12/18/24     6,750
USD         348,001 EUR         313,407 12/18/24     6,455
USD         171,274 EUR         154,537 12/18/24     2,863
USD         149,793 EUR         135,155 12/18/24     2,504
USD         128,633 EUR         116,063 12/18/24     2,150
USD          18,749 EUR          16,885 12/18/24       348
USD      13,602,608 IDR 210,280,000,000 12/18/24   236,504
USD       8,262,057 IDR 127,719,000,000 12/18/24   143,807
USD       5,557,741 IDR  85,916,000,000 12/18/24    96,631
USD       5,363,208 IDR  82,902,693,751 12/18/24    93,634
USD       4,719,554 IDR  72,982,000,000 12/18/24    80,573
USD       4,719,029 IDR  72,982,000,000 12/18/24    80,048
USD       3,375,683 IDR  52,183,000,000 12/18/24    58,756
USD       2,360,273 IDR  36,491,000,000 12/18/24    40,782
USD       2,191,358 IDR  33,873,290,824 12/18/24    38,258
USD       1,928,316 IDR  29,819,000,000 12/18/24    32,920
USD       1,928,102 IDR  29,819,000,000 12/18/24    32,706
USD       1,471,136 IDR  22,742,000,000 12/18/24    25,578
12

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Forward Foreign Currency Exchange Contracts (Centrally Cleared)(continued)
Currency Purchased Currency Sold Settlement
Date
Value/Unrealized
Appreciation
(Depreciation)
USD         964,393 IDR  14,910,000,000 12/18/24 $   16,663
USD         893,554 IDR  13,813,000,000 12/18/24    15,553
USD         580,062 IDR   8,966,404,369 12/18/24    10,127
USD         510,420 IDR   7,893,000,000 12/18/24     8,714
USD         510,363 IDR   7,893,000,000 12/18/24     8,657
USD         255,231 IDR   3,946,000,000 12/18/24     4,410
USD       7,057,939 KRW   9,398,000,000 12/18/24   210,810
USD       9,085,636 KRW  12,203,000,000 12/18/24   194,859
USD       7,720,629 KRW  10,380,000,000 12/18/24   158,042
USD       6,787,256 KRW   9,118,000,000 12/18/24   144,128
USD       6,783,735 KRW   9,117,000,000 12/18/24   141,335
USD       6,396,596 KRW   8,595,615,459 12/18/24   134,063
USD       4,278,222 KRW   5,751,000,000 12/18/24    88,199
USD         762,269 KRW   1,015,000,000 12/18/24    22,768
USD         982,050 KRW   1,319,000,000 12/18/24    21,062
USD         834,542 KRW   1,122,000,000 12/18/24    17,083
USD         733,214 KRW     985,000,000 12/18/24    15,570
USD         732,914 KRW     985,000,000 12/18/24    15,270
USD         691,110 KRW     928,700,000 12/18/24    14,485
USD         461,968 KRW     621,000,000 12/18/24     9,524
USD         190,931 PEN         723,000 12/18/24      (577)
USD         335,120 PEN       1,269,000 12/18/24    (1,013)
USD         408,799 PEN       1,548,000 12/18/24    (1,236)
USD         864,434 PEN       3,274,000 12/18/24    (2,786)
USD       1,515,532 PEN       5,740,000 12/18/24    (4,884)
USD       1,849,793 PEN       7,006,000 12/18/24    (5,961)
USD         977,566 PEN       3,730,000 12/18/24   (10,439)
USD       3,949,877 PEN      14,957,000 12/18/24   (11,944)
USD       1,460,827 PEN       5,603,000 12/18/24   (23,300)
USD       2,222,910 PEN       8,481,735 12/18/24   (23,738)
USD       2,882,902 PEN      11,000,000 12/18/24   (30,786)
USD       2,943,814 PEN      11,291,000 12/18/24   (46,954)
USD      17,869,807 PEN      67,681,000 12/18/24   (57,584)
USD       3,740,321 PEN      14,346,000 12/18/24   (59,658)
USD      25,755,720 PEN      98,273,527 12/18/24  (275,041)
USD      35,109,373 PEN     134,662,000 12/18/24  (559,993)
USD       4,760,413 TWD     152,000,000 12/18/24   (20,392)
USD       7,516,442 TWD     240,000,000 12/18/24   (32,199)
          $4,269,474
13

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Forward Foreign Currency Exchange Contracts (OTC)
Currency Purchased Currency Sold Counterparty Settlement
Date
Unrealized
Appreciation
Unrealized
(Depreciation)
USD        541,803 UZS 6,924,287,425 JPMorgan Chase Bank, N.A. 11/1/24 $       — $       (127)
UZS  6,924,287,425 USD       507,274 JPMorgan Chase Bank, N.A. 11/1/24     34,656         —
MYR     14,067,000 USD     3,208,494 Barclays Bank PLC 11/4/24      3,883         —
MYR     14,066,000 USD     3,208,266 Barclays Bank PLC 11/4/24      3,883         —
MYR     12,394,000 USD     2,826,905 Barclays Bank PLC 11/4/24      3,422         —
MYR     18,010,000 USD     3,928,455 Goldman Sachs International 11/4/24    184,357         —
MYR     11,000,000 USD     2,508,952 Goldman Sachs International 11/4/24      3,037         —
MYR     51,950,000 USD    11,335,370 State Street Bank and Trust Company 11/4/24    528,069         —
USD      3,384,745 MYR    14,067,000 Barclays Bank PLC 11/4/24    172,368         —
USD      3,380,437 MYR    14,066,000 Barclays Bank PLC 11/4/24    168,289         —
USD      2,840,120 MYR    12,394,000 Barclays Bank PLC 11/4/24      9,794         —
USD      2,518,603 MYR    11,000,000 Goldman Sachs International 11/4/24      6,614         —
USD      4,107,839 MYR    18,010,000 Goldman Sachs International 11/4/24        —      (4,972)
USD      4,429,413 MYR    18,433,000 State Street Bank and Trust Company 11/4/24    220,004         —
TRY    126,294,500 USD     3,195,534 Standard Chartered Bank 11/6/24    484,003         —
USD      3,405,055 TRY   126,294,500 Standard Chartered Bank 11/6/24        —    (274,482)
EUR      1,797,917 USD     1,944,894 Citibank, N.A. 11/8/24     11,125         —
EUR        125,430 USD       135,997 JPMorgan Chase Bank, N.A. 11/8/24        463         —
EUR        632,202 USD       691,009 Standard Chartered Bank 11/8/24        —      (3,214)
EUR        693,639 USD       753,299 UBS AG 11/8/24      1,336         —
EUR        675,240 USD       734,270 UBS AG 11/8/24        348         —
EUR      1,133,005 USD     1,244,777 UBS AG 11/8/24        —     (12,140)
KZT  3,341,908,996 USD     6,837,665 ICBC Standard Bank plc 11/8/24      3,359         —
TRY    896,714,000 USD    22,749,028 Standard Chartered Bank 11/8/24  3,331,929         —
TRY    878,717,453 USD    22,350,871 Standard Chartered Bank 11/8/24  3,206,655         —
TRY    274,490,532 USD     7,038,275 Standard Chartered Bank 11/8/24    945,291         —
TRY    274,490,532 USD     7,038,275 Standard Chartered Bank 11/8/24    945,291         —
TRY     96,578,563 USD     2,504,651 Standard Chartered Bank 11/8/24    304,340         —
USD      1,682,509 EUR     1,555,357 BNP Paribas 11/8/24        —      (9,619)
USD      7,619,054 EUR     7,055,706 Goldman Sachs International 11/8/24        —     (57,101)
USD     11,889,474 EUR    10,985,347 Goldman Sachs International 11/8/24        —     (61,879)
USD      4,481,050 EUR     4,153,417 JPMorgan Chase Bank, N.A. 11/8/24        —     (37,602)
USD     11,634,687 EUR    10,749,922 Standard Chartered Bank 11/8/24        —     (60,539)
USD      1,397,940 EUR     1,285,422 State Street Bank and Trust Company 11/8/24        —        (517)
USD      2,097,688 EUR     1,937,275 State Street Bank and Trust Company 11/8/24        —      (9,943)
USD      3,112,794 EUR     2,887,985 State Street Bank and Trust Company 11/8/24        —     (29,149)
USD      1,689,057 EUR     1,555,357 UBS AG 11/8/24        —      (3,072)
USD      1,389,668 EUR     1,285,417 UBS AG 11/8/24        —      (8,783)
USD      3,728,248 TRY   144,349,578 Standard Chartered Bank 11/8/24        —    (470,165)
USD      5,846,289 TRY   218,536,020 Standard Chartered Bank 11/8/24        —    (509,839)
USD      8,400,822 TRY   310,580,890 Standard Chartered Bank 11/8/24        —    (632,433)
USD      5,837,604 TRY   225,508,438 Standard Chartered Bank 11/8/24        —    (721,317)
USD      8,540,451 TRY   318,814,170 Standard Chartered Bank 11/8/24        —    (732,270)
USD      7,783,472 TRY   300,358,793 Standard Chartered Bank 11/8/24        —    (952,474)
14

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Forward Foreign Currency Exchange Contracts (OTC)(continued)
Currency Purchased Currency Sold Counterparty Settlement
Date
Unrealized
Appreciation
Unrealized
(Depreciation)
USD      9,729,338 TRY   375,730,595 Standard Chartered Bank 11/8/24 $       — $ (1,198,798)
USD     13,621,076 TRY   527,112,596 Standard Chartered Bank 11/8/24        —  (1,710,012)
KZT  2,123,122,000 USD     4,308,720 JPMorgan Chase Bank, N.A. 11/12/24     33,297         —
KZT  1,415,414,000 USD     2,872,479 JPMorgan Chase Bank, N.A. 11/12/24     22,198         —
KZT  2,287,847,447 USD     4,673,368 JPMorgan Chase Bank, N.A. 11/12/24      5,531         —
KZT  3,511,606,000 USD     7,181,198 JPMorgan Chase Bank, N.A. 11/12/24        421         —
KZT    109,876,249 USD       224,443 JPMorgan Chase Bank, N.A. 11/12/24        266         —
KZT    916,090,395 USD     1,898,633 JPMorgan Chase Bank, N.A. 11/12/24        —     (25,128)
KZT  3,490,063,000 USD     7,181,200 JPMorgan Chase Bank, N.A. 11/12/24        —     (43,638)
KZT  3,572,314,661 USD     7,365,597 JPMorgan Chase Bank, N.A. 11/12/24        —     (59,822)
UZS 34,537,725,000 USD     2,541,968 ICBC Standard Bank plc 11/15/24    154,975         —
KZT    632,879,458 USD     1,306,927 ICBC Standard Bank plc 11/18/24        —     (14,248)
KZT  2,943,936,955 USD     6,056,860 Citibank, N.A. 11/25/24        —     (52,575)
EGP     51,765,378 USD     1,000,297 HSBC Bank USA, N.A. 11/27/24     45,750         —
USD        888,315 ZMW    24,784,000 Citibank, N.A. 11/29/24        —     (35,498)
ZMW     24,784,000 USD       960,628 Standard Chartered Bank 11/29/24        —     (36,815)
VND 39,543,400,000 USD     1,586,177 Deutsche Bank AG 12/5/24        —     (21,269)
UYU    205,790,000 USD     4,984,016 Citibank, N.A. 12/9/24        —     (36,131)
VND 30,820,000,000 USD     1,243,745 JPMorgan Chase Bank, N.A. 12/9/24        —     (24,008)
UYU     83,232,000 USD     1,993,581 Citibank, N.A. 12/10/24      7,341         —
VND 78,357,000,000 USD     3,177,494 Deutsche Bank AG 12/12/24        —     (76,328)
TRY    510,813,390 USD    13,123,121 Standard Chartered Bank 12/16/24  1,158,868         —
USD      6,079,440 TRY   232,613,390 Standard Chartered Bank 12/16/24        —    (424,270)
USD      6,286,955 TRY   278,200,000 Standard Chartered Bank 12/16/24        —  (1,491,324)
CZK    188,190,000 EUR     7,500,359 Citibank, N.A. 12/18/24        —     (80,150)
EGP    371,906,000 USD     7,242,571 Citibank, N.A. 12/18/24    197,096         —
EGP    303,775,076 USD     6,035,666 JPMorgan Chase Bank, N.A. 12/18/24     41,099         —
EUR      7,484,638 CZK   188,190,000 JPMorgan Chase Bank, N.A. 12/18/24     63,018         —
EUR     22,034,018 PLN    95,203,330 BNP Paribas 12/18/24    262,398         —
EUR      3,273,842 PLN    14,064,755 BNP Paribas 12/18/24     59,113         —
EUR      4,138,049 PLN    18,057,397 Citibank, N.A. 12/18/24      4,886         —
EUR     17,141,601 PLN    74,008,864 HSBC Bank USA, N.A. 12/18/24    218,003         —
EUR     16,989,529 PLN    73,314,913 UBS AG 12/18/24    225,393         —
EUR      3,293,111 PLN    14,150,800 UBS AG 12/18/24     58,647         —
EUR            320 PLN         1,379 UBS AG 12/18/24          5         —
KES    322,228,991 USD     2,299,993 Standard Chartered Bank 12/18/24    179,623         —
MXN     29,461,052 USD     1,472,475 Standard Chartered Bank 12/18/24        —     (11,178)
MYR     12,394,000 USD     2,846,643 Barclays Bank PLC 12/18/24        —     (12,217)
MYR     28,469,000 USD     6,603,345 Barclays Bank PLC 12/18/24        —     (92,672)
MYR     12,794,000 USD     2,951,054 Credit Agricole Corporate and Investment Bank 12/18/24        —     (25,151)
MYR     30,056,000 USD     6,932,694 Credit Agricole Corporate and Investment Bank 12/18/24        —     (59,085)
MYR     11,000,000 USD     2,524,383 Goldman Sachs International 12/18/24        —      (8,756)
MYR     10,439,000 USD     2,420,918 Goldman Sachs International 12/18/24        —     (33,588)
15

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Forward Foreign Currency Exchange Contracts (OTC)(continued)
Currency Purchased Currency Sold Counterparty Settlement
Date
Unrealized
Appreciation
Unrealized
(Depreciation)
MYR     23,582,000 USD     5,433,641 Goldman Sachs International 12/18/24 $       — $    (40,593)
SGD     25,840,920 USD    19,979,634 Bank of America, N.A. 12/18/24        —    (371,860)
SGD      7,000,000 USD     5,405,622 Citibank, N.A. 12/18/24        —     (94,108)
SGD     16,000,000 USD    12,371,502 Citibank, N.A. 12/18/24        —    (230,897)
SGD     19,258,700 USD    14,896,591 Citibank, N.A. 12/18/24        —    (283,324)
SGD      6,000,000 USD     4,632,264 Goldman Sachs International 12/18/24        —     (79,537)
SGD     32,159,080 USD    24,870,351 HSBC Bank USA, N.A. 12/18/24        —    (468,434)
SGD     10,300,000 USD     7,787,473 Standard Chartered Bank 12/18/24     28,041         —
SGD     12,300,000 USD     9,499,339 Standard Chartered Bank 12/18/24        —    (166,249)
TRY    185,127,692 USD     4,437,385 Standard Chartered Bank 12/18/24    728,817         —
USD      3,377,711 JPY   477,733,015 Goldman Sachs International 12/18/24    215,440         —
USD      2,192,034 KES   322,228,991 Standard Chartered Bank 12/18/24        —    (287,582)
USD        105,557 MXN     2,112,000 Standard Chartered Bank 12/18/24        800         —
USD      6,311,202 MYR    26,283,000 Barclays Bank PLC 12/18/24    300,453         —
USD      4,474,910 MYR    18,638,000 Goldman Sachs International 12/18/24    212,522         —
USD      4,746,826 TRY   185,127,692 Standard Chartered Bank 12/18/24        —    (419,376)
USD        775,420 ZAR    13,914,135 BNP Paribas 12/18/24        —     (10,848)
USD      2,120,116 ZAR    38,170,000 Standard Chartered Bank 12/18/24        —     (36,817)
USD        321,048 ZAR     5,756,521 State Street Bank and Trust Company 12/18/24        —      (4,245)
USD        256,840 ZAR     4,596,151 UBS AG 12/18/24        —      (2,882)
USD        829,092 ZAR    14,739,188 UBS AG 12/18/24        —      (3,798)
VND 48,027,000,000 USD     1,955,497 Citibank, N.A. 12/18/24        —     (54,592)
TRY    333,107,276 USD     8,477,158 Standard Chartered Bank 12/20/24    800,945         —
TRY    333,082,518 USD     8,479,765 Standard Chartered Bank 12/20/24    797,649         —
USD      2,247,554 TRY    87,804,438 Standard Chartered Bank 12/20/24        —    (198,080)
USD      3,875,579 TRY   148,862,174 Standard Chartered Bank 12/20/24        —    (270,709)
USD     11,030,951 TRY   429,523,182 Standard Chartered Bank 12/20/24        —    (932,644)
UZS 18,728,944,911 USD     1,425,230 ICBC Standard Bank plc 12/20/24     27,388         —
EGP    616,000,000 USD    12,244,087 Citibank, N.A. 12/24/24     42,702         —
EGP    516,236,339 USD     9,880,121 Goldman Sachs International 12/26/24    406,818         —
TRY    300,832,267 USD     7,116,137 Standard Chartered Bank 1/6/25  1,130,000         —
TRY    230,483,900 USD     5,452,380 Standard Chartered Bank 1/6/25    865,432         —
TRY    172,852,600 USD     4,089,250 Standard Chartered Bank 1/6/25    648,826         —
TRY    164,067,900 USD     3,878,146 Standard Chartered Bank 1/6/25    619,133         —
USD     22,075,508 TRY   868,236,667 Standard Chartered Bank 1/6/25        —  (1,723,796)
UZS 25,907,790,000 USD     1,850,556 JPMorgan Chase Bank, N.A. 1/6/25    150,110         —
EGP    207,087,344 USD     3,952,049 Standard Chartered Bank 1/15/25    132,626         —
TRY     96,330,000 USD     2,242,858 Standard Chartered Bank 1/15/25    370,565         —
USD      2,403,424 TRY    96,330,000 Standard Chartered Bank 1/15/25        —    (210,000)
UYU    139,256,000 USD     3,305,388 Bank of America, N.A. 1/15/25     27,910         —
UZS 33,316,019,454 USD     2,383,973 ICBC Standard Bank plc 1/23/25    172,610         —
UZS 28,142,613,000 USD     2,000,186 ICBC Standard Bank plc 1/23/25    159,403         —
EGP    108,470,000 USD     2,091,190 Standard Chartered Bank 1/27/25     34,446         —
TRY    313,578,860 USD     7,146,502 Standard Chartered Bank 1/29/25  1,227,249         —
16

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Forward Foreign Currency Exchange Contracts (OTC)(continued)
Currency Purchased Currency Sold Counterparty Settlement
Date
Unrealized
Appreciation
Unrealized
(Depreciation)
TRY    217,626,418 USD     5,013,048 Standard Chartered Bank 1/29/25 $   798,407 $        —
TRY    179,846,000 USD     4,140,992 Standard Chartered Bank 1/29/25    661,581         —
TRY    166,170,108 USD     4,103,505 Standard Chartered Bank 1/29/25    333,870         —
USD     21,818,539 TRY   877,221,386 Standard Chartered Bank 1/29/25        —  (1,606,615)
UZS 36,999,525,274 USD     2,673,376 JPMorgan Chase Bank, N.A. 1/29/25    159,586         —
EGP    174,342,399 USD     3,333,507 Citibank, N.A. 2/3/25     70,127         —
TRY    159,596,626 USD     3,687,567 Standard Chartered Bank 2/10/25    520,783         —
TRY    107,167,508 USD     2,501,722 Standard Chartered Bank 2/10/25    324,142         —
USD      6,575,351 TRY   266,764,134 Standard Chartered Bank 2/10/25        —    (458,862)
UZS 28,002,600,000 USD     2,000,186 ICBC Standard Bank plc 2/10/25    134,399         —
EGP    356,634,976 USD     5,924,169 Citibank, N.A. 2/13/25  1,005,491         —
UZS 36,293,975,020 USD     2,583,201 JPMorgan Chase Bank, N.A. 2/13/25    180,632         —
UZS 53,130,298,587 USD     3,778,826 JPMorgan Chase Bank, N.A. 2/18/25    260,330         —
EGP    119,470,742 USD     1,974,723 Citibank, N.A. 2/20/25    339,157         —
EGP     73,341,213 USD     1,184,834 Citibank, N.A. 2/20/25    235,621         —
EGP     61,710,094 USD       987,362 Citibank, N.A. 2/20/25    207,824         —
NGN  3,697,649,537 USD     2,009,592 Standard Chartered Bank 2/24/25    113,272         —
NGN  1,873,944,670 USD     1,004,796 Standard Chartered Bank 2/24/25     71,058         —
NGN  2,869,876,260 USD     1,735,113 JPMorgan Chase Bank, N.A. 2/25/25        —     (88,280)
EGP     29,501,474 USD       545,818 Goldman Sachs International 2/26/25     23,977         —
EGP     64,474,706 USD       987,362 Citibank, N.A. 2/27/25    257,337         —
EGP     55,516,492 USD     1,000,297 HSBC Bank USA, N.A. 2/27/25     71,461         —
UZS 63,207,936,629 USD     4,490,795 ICBC Standard Bank plc 2/28/25    298,439         —
UZS 19,066,083,951 USD     1,364,788 ICBC Standard Bank plc 3/5/25     77,430         —
UZS 17,640,403,111 USD     1,250,649 JPMorgan Chase Bank, N.A. 3/17/25     78,404         —
VND 48,086,000,000 USD     1,949,169 Citibank, N.A. 3/19/25        —     (45,178)
UZS 19,289,401,749 USD     1,367,073 JPMorgan Chase Bank, N.A. 3/20/25     84,770         —
KES    319,918,215 USD     2,217,804 Citibank, N.A. 3/21/25    191,914         —
KES      8,886,878 USD        61,331 Standard Chartered Bank 3/21/25      5,608         —
USD      2,192,034 KES   328,805,093 Standard Chartered Bank 3/21/25        —    (284,623)
EGP    429,982,880 USD     7,904,097 Goldman Sachs International 3/26/25    294,729         —
UYU    171,349,000 USD     3,987,179 Citibank, N.A. 3/31/25     71,835         —
EGP     66,531,783 USD     1,243,130 Standard Chartered Bank 4/3/25     20,878         —
KES    430,511,298 USD     2,948,708 Citibank, N.A. 4/4/25    283,012         —
KES     48,718,702 USD       335,991 Citibank, N.A. 4/4/25     29,726         —
USD      3,288,027 KES   479,230,000 Standard Chartered Bank 4/4/25        —    (309,408)
UZS 29,098,670,665 USD     2,056,443 JPMorgan Chase Bank, N.A. 4/4/25    122,855         —
UZS 19,205,801,148 USD     1,352,521 JPMorgan Chase Bank, N.A. 4/4/25     85,867         —
EGP    627,456,844 USD    11,684,485 Goldman Sachs International 4/8/25    209,304         —
EGP     96,271,916 USD     1,810,644 HSBC Bank USA, N.A. 4/8/25     14,244         —
TRY    217,550,000 USD     4,739,689 Standard Chartered Bank 4/8/25    692,152         —
TRY    195,578,000 USD     4,265,639 Standard Chartered Bank 4/8/25    617,599         —
USD      9,662,683 TRY   413,128,000 Standard Chartered Bank 4/8/25        —    (652,397)
KES    277,775,913 USD     1,912,399 Citibank, N.A. 4/9/25    170,254         —
17

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Forward Foreign Currency Exchange Contracts (OTC)(continued)
Currency Purchased Currency Sold Counterparty Settlement
Date
Unrealized
Appreciation
Unrealized
(Depreciation)
USD      1,902,575 KES   277,775,913 Standard Chartered Bank 4/9/25 $       — $   (180,078)
ETB     33,223,000 USD       255,660 ICBC Standard Bank plc 4/11/25        —      (5,327)
KZT  1,490,775,862 USD     2,981,552 Bank of America, N.A. 4/11/25        —     (28,955)
UYU     56,941,590 USD     1,342,645 Citibank, N.A. 4/15/25      3,138         —
UZS 17,105,446,074 USD     1,194,514 Standard Chartered Bank 4/15/25     81,932         —
KES    277,490,527 USD     1,900,620 Citibank, N.A. 4/16/25    176,369         —
USD      1,902,575 KES   277,490,527 Standard Chartered Bank 4/16/25        —    (174,414)
UZS 79,830,380,000 USD     5,604,098 ICBC Standard Bank plc 4/17/25    349,103         —
UZS 24,620,548,025 USD     1,809,004 ICBC Standard Bank plc 4/25/25     22,208         —
KES     12,274,550 USD        83,785 Citibank, N.A. 5/5/25      7,711         —
KES    204,927,256 USD     1,423,106 Standard Chartered Bank 5/5/25    104,460         —
KES    204,927,256 USD     1,439,096 Standard Chartered Bank 5/5/25     88,470         —
USD        702,919 KES   108,600,903 Standard Chartered Bank 5/5/25        —    (106,613)
USD        702,919 KES   108,600,903 Standard Chartered Bank 5/5/25        —    (106,613)
USD      1,407,467 KES   204,927,256 Standard Chartered Bank 5/5/25        —    (120,098)
UZS 22,317,443,000 USD     1,556,036 JPMorgan Chase Bank, N.A. 6/9/25     82,409         —
UZS 37,293,170,000 USD     2,605,181 Standard Chartered Bank 6/23/25    121,348         —
UZS 41,728,949,000 USD     2,931,433 ICBC Standard Bank plc 6/26/25    116,688         —
UZS 56,900,277,000 USD     3,987,406 ICBC Standard Bank plc 6/27/25    167,685         —
UZS 57,179,642,717 USD     3,987,423 ICBC Standard Bank plc 6/30/25    184,362         —
UZS 83,440,309,666 USD     5,862,866 ICBC Standard Bank plc 7/1/25    223,077         —
EGP    237,918,558 USD     4,345,544 HSBC Bank USA, N.A. 7/8/25        —     (15,600)
EGP     66,843,912 USD     1,229,879 Standard Chartered Bank 7/10/25        —     (14,438)
UZS 25,018,612,000 USD     1,746,500 Deutsche Bank AG 7/10/25     73,455         —
UZS 88,677,198,496 USD     6,194,705 Deutsche Bank AG 7/22/25    233,275         —
EGP    292,309,244 USD     5,324,394 Citibank, N.A. 7/24/25        —     (41,767)
UZS 12,843,930,000 USD       904,502 ICBC Standard Bank plc 8/29/25     16,513         —
UZS 12,843,931,000 USD       904,502 JPMorgan Chase Bank, N.A. 8/29/25     16,513         —
UZS 12,866,543,000 USD       904,502 JPMorgan Chase Bank, N.A. 9/4/25     16,471         —
UZS  5,925,285,000 USD       415,809 Citibank, N.A. 9/8/25      7,806         —
EGP    361,922,851 USD     6,482,587 Goldman Sachs International 9/11/25        —     (75,541)
USD      2,614,724 NGN 5,111,786,000 Goldman Sachs International 10/7/25        —     (38,044)
NGN    688,700,000 USD       362,474 JPMorgan Chase Bank, N.A. 10/9/25        —      (5,372)
USD      2,537,752 NGN 4,925,904,000 JPMorgan Chase Bank, N.A. 10/10/25        —     (15,333)
USD      3,785,700 NGN 7,419,971,459 JPMorgan Chase Bank, N.A. 10/15/25        —     (52,000)
EGP    361,379,000 USD     6,332,206 Standard Chartered Bank 10/23/25        —     (44,073)
UZS 52,908,750,000 USD     3,296,495 Standard Chartered Bank 3/25/26    239,135         —
UZS 29,613,121,000 USD     1,839,324 Deutsche Bank AG 10/5/26     10,353         —
UZS 16,312,875,642 USD     1,013,222 Deutsche Bank AG 10/7/26      5,017         —
UZS 16,830,497,000 USD       938,416 Deutsche Bank AG 10/25/27        —     (15,422)
            $33,875,902 $(20,539,720)
18

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Futures Contracts
Description Number of
Contracts
Position Expiration
Date
Notional
Amount
Value/Unrealized
Appreciation
(Depreciation)
Interest Rate Futures          
Euro-Bobl (187) Short 12/6/24 $ (24,032,800) $   126,970
Euro-Bund (328) Short 12/6/24  (47,023,862)    536,601
Euro-Buxl (84) Short 12/6/24  (12,093,864)     51,084
Euro-Schatz (95) Short 12/6/24  (11,009,443)      5,681
Japan 10-Year Bond (3) Short 12/13/24   (2,846,979)        978
U.S. 2-Year Treasury Note (757) Short 12/31/24 (155,900,601)  1,180,961
U.S. 5-Year Treasury Note (4,624) Short 12/31/24 (495,851,750) 10,718,522
U.S. 10-Year Treasury Note (705) Short 12/19/24  (77,880,469)  2,010,163
U.S. Long Treasury Bond (313) Short 12/19/24  (36,924,219)  2,088,310
U.S. Ultra 10-Year Treasury Note (262) Short 12/19/24  (29,802,500)  1,083,987
          $17,803,257
Interest Rate Swaps (Centrally Cleared)
Notional Amount
(000's omitted)
Fund
Pays/
Receives
Floating
Rate
Floating Rate Annual
Fixed Rate
Termination
Date
Value Unamortized
Upfront
Receipts
(Payments)
Unrealized
Appreciation
(Depreciation)
COP 689,254,000 Pays Colombia Overnight Interbank Reference Rate
(pays quarterly)
8.82%
(pays quarterly)
4/11/25 $    30,092 $ — $    30,092
COP 228,005,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.81%
(pays upon termination)
4/15/25     (5,015)  —     (5,015)
COP 225,384,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.78%
(pays upon termination)
4/17/25     (8,373)  —     (8,373)
COP 216,312,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.76%
(pays upon termination)
4/18/25     (9,077)  —     (9,077)
COP 112,349,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.72%
(pays upon termination)
4/24/25     (2,425)  —     (2,425)
COP 113,625,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.73%
(pays upon termination)
4/25/25      1,040  —      1,040
COP 344,706,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.70%
(pays upon termination)
4/29/25      6,902  —      6,902
COP 114,391,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.70%
(pays upon termination)
4/30/25      3,619  —      3,619
COP  23,232,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.60%
(pays upon termination)
5/1/25     (1,459)  —     (1,459)
COP 163,692,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.61%
(pays upon termination)
5/1/25     (7,613)  —     (7,613)
19

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Interest Rate Swaps (Centrally Cleared)(continued)
Notional Amount
(000's omitted)
Fund
Pays/
Receives
Floating
Rate
Floating Rate Annual
Fixed Rate
Termination
Date
Value Unamortized
Upfront
Receipts
(Payments)
Unrealized
Appreciation
(Depreciation)
COP 153,576,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.45%
(pays upon termination)
7/16/25 $   (30,241) $ — $   (30,241)
COP 307,151,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.46%
(pays upon termination)
7/17/25    (53,993)  —    (53,993)
COP 215,573,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.45%
(pays upon termination)
7/21/25    (30,091)  —    (30,091)
COP 152,210,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.55%
(pays upon termination)
7/25/25     12,420  —     12,420
COP 230,625,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.20%
(pays upon termination)
10/16/25   (119,366)  —   (119,366)
COP 116,885,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.21%
(pays upon termination)
10/17/25    (57,705)  —    (57,705)
COP 298,765,000 Pays Colombia Overnight Interbank Reference Rate
(pays upon termination)
8.21%
(pays upon termination)
10/17/25   (147,497)  —   (147,497)
COP 111,390,000 Pays Colombia Overnight Interbank Reference Rate
(pays quarterly)
7.12%
(pays quarterly)
9/18/26   (430,371)  —   (430,371)
COP 136,420,050 Pays Colombia Overnight Interbank Reference Rate
(pays quarterly)
7.27%
(pays quarterly)
9/18/26   (443,881)  —   (443,881)
COP  28,590,000 Pays Colombia Overnight Interbank Reference Rate
(pays quarterly)
7.28%
(pays quarterly)
9/18/26    (91,222)  —    (91,222)
COP  40,324,000 Receives Colombia Overnight Interbank Reference Rate
(pays quarterly)
7.30%
(pays quarterly)
12/18/29    316,744  —    316,744
COP  30,542,000 Receives Colombia Overnight Interbank Reference Rate
(pays quarterly)
7.56%
(pays quarterly)
9/18/34    541,014  —    541,014
COP   7,733,000 Receives Colombia Overnight Interbank Reference Rate
(pays quarterly)
7.63%
(pays quarterly)
9/18/34    127,910  —    127,910
COP  37,294,150 Receives Colombia Overnight Interbank Reference Rate
(pays quarterly)
7.64%
(pays quarterly)
9/18/34    611,044  —    611,044
CZK     142,000 Receives 6-month CZK PRIBOR
(pays semi-annually)
4.56%
(pays annually)
12/20/28   (363,416)  —   (363,416)
CZK     290,540 Receives 6-month CZK PRIBOR
(pays semi-annually)
3.54%
(pays annually)
12/18/29     16,513  —     16,513
CZK      60,598 Pays 6-month CZK PRIBOR
(pays semi-annually)
3.94%
(pays annually)
9/20/33     42,576  —     42,576
CZK      77,000 Pays 6-month CZK PRIBOR
(pays semi-annually)
4.31%
(pays annually)
12/20/33    212,840  —    212,840
CZK     219,600 Pays 6-month CZK PRIBOR
(pays semi-annually)
4.55%
(pays annually)
12/20/33    809,417  —    809,417
CZK     181,846 Pays 6-month CZK PRIBOR
(pays semi-annually)
3.41%
(pays annually)
3/20/34    (75,149)  —    (75,149)
20

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Interest Rate Swaps (Centrally Cleared)(continued)
Notional Amount
(000's omitted)
Fund
Pays/
Receives
Floating
Rate
Floating Rate Annual
Fixed Rate
Termination
Date
Value Unamortized
Upfront
Receipts
(Payments)
Unrealized
Appreciation
(Depreciation)
CZK     363,692 Pays 6-month CZK PRIBOR
(pays semi-annually)
3.43%
(pays annually)
3/20/34 $  (132,061) $ — $  (132,061)
CZK     181,846 Pays 6-month CZK PRIBOR
(pays semi-annually)
3.45%
(pays annually)
3/20/34    (45,309)  —    (45,309)
CZK     181,846 Pays 6-month CZK PRIBOR
(pays semi-annually)
3.47%
(pays annually)
3/20/34    (37,849)  —    (37,849)
CZK      68,000 Pays 6-month CZK PRIBOR
(pays semi-annually)
3.52%
(pays annually)
3/20/34     (1,600)  —     (1,600)
INR   6,691,000 Pays 1-day INR FBIL MIBOR
(pays semi-annually)
5.94%
(pays semi-annually)
12/18/29 (1,132,603)  — (1,132,603)
INR   2,910,000 Pays 1-day INR FBIL MIBOR
(pays semi-annually)
5.94%
(pays semi-annually)
12/18/29   (489,704)  —   (489,704)
INR   2,918,000 Pays 1-day INR FBIL MIBOR
(pays semi-annually)
5.95%
(pays semi-annually)
12/18/29   (487,157)  —   (487,157)
INR   2,265,120 Pays 1-day INR FBIL MIBOR
(pays semi-annually)
5.95%
(pays semi-annually)
12/18/29   (374,687)  —   (374,687)
INR   2,266,200 Receives 1-day INR FBIL MIBOR
(pays semi-annually)
6.08%
(pays semi-annually)
12/18/29    228,104  —    228,104
KRW   5,835,000 Receives 3-month KRW Certificate of Deposit Rate
(pays quarterly)
2.87%
(pays quarterly)
12/18/29     16,881  —     16,881
KRW   7,196,000 Receives 3-month KRW Certificate of Deposit Rate
(pays quarterly)
2.88%
(pays quarterly)
12/18/29     18,713  —     18,713
KRW   7,783,000 Receives 3-month KRW Certificate of Deposit Rate
(pays quarterly)
2.89%
(pays quarterly)
12/18/29     16,135  —     16,135
KRW   5,446,000 Receives 3-month KRW Certificate of Deposit Rate
(pays quarterly)
2.90%
(pays quarterly)
12/18/29      9,530  —      9,530
KRW   2,723,000 Receives 3-month KRW Certificate of Deposit Rate
(pays quarterly)
2.91%
(pays quarterly)
12/18/29      3,607  —      3,607
KRW   4,000,000 Pays 3-month KRW Certificate of Deposit Rate
(pays quarterly)
3.30%
(pays quarterly)
3/20/34     72,806  —     72,806
KRW   8,782,000 Pays 3-month KRW Certificate of Deposit Rate
(pays quarterly)
3.02%
(pays quarterly)
9/18/34      8,042  —      8,042
KRW   9,574,000 Pays 3-month KRW Certificate of Deposit Rate
(pays quarterly)
3.02%
(pays quarterly)
9/18/34      8,767  —      8,767
KRW   9,220,000 Pays 3-month KRW Certificate of Deposit Rate
(pays quarterly)
3.03%
(pays quarterly)
9/18/34     14,417  —     14,417
KRW   3,424,000 Pays 3-month KRW Certificate of Deposit Rate
(pays quarterly)
3.05%
(pays quarterly)
9/18/34      9,347  —      9,347
MXN   3,476,320 Pays Mexico Interbank TIIE 28 Day
(pays monthly)
10.39%
(pays monthly)
8/5/25    123,493  —    123,493
MXN   2,195,550 Pays Mexico Interbank TIIE 28 Day
(pays monthly)
10.39%
(pays monthly)
8/5/25     80,203  —     80,203
21

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Interest Rate Swaps (Centrally Cleared)(continued)
Notional Amount
(000's omitted)
Fund
Pays/
Receives
Floating
Rate
Floating Rate Annual
Fixed Rate
Termination
Date
Value Unamortized
Upfront
Receipts
(Payments)
Unrealized
Appreciation
(Depreciation)
MXN   3,598,340 Pays Mexico Interbank TIIE 28 Day
(pays monthly)
9.98%
(pays monthly)
9/11/25 $  (463,631) $ — $  (463,631)
MXN   1,438,000 Pays Mexico Interbank TIIE 28 Day
(pays monthly)
9.56%
(pays monthly)
10/16/26   (389,117)  —   (389,117)
MXN     740,000 Pays Mexico Interbank TIIE 28 Day
(pays monthly)
9.57%
(pays monthly)
10/16/26   (190,032)  —   (190,032)
MXN   1,475,000 Pays Mexico Interbank TIIE 28 Day
(pays monthly)
9.54%
(pays monthly)
10/19/26   (411,616)  —   (411,616)
MXN   1,309,800 Pays Mexico Interbank TIIE 28 Day
(pays monthly)
9.57%
(pays monthly)
10/19/26   (329,409)  —   (329,409)
MXN     254,000 Receives Mexico Interbank TIIE 28 Day
(pays monthly)
8.81%
(pays monthly)
10/1/29    385,882  —    385,882
PLN      45,080 Receives 6-month PLN WIBOR
(pays semi-annually)
4.67%
(pays annually)
12/18/29    162,547  —    162,547
ZAR     303,600 Receives 3-month ZAR JIBAR
(pays quarterly)
7.83%
(pays quarterly)
12/18/29     65,829  —     65,829
ZAR     171,891 Pays 3-month ZAR JIBAR
(pays quarterly)
9.46%
(pays quarterly)
9/18/34    367,393  —    367,393
ZAR     235,007 Pays 3-month ZAR JIBAR
(pays quarterly)
9.52%
(pays quarterly)
9/18/34    552,218  —    552,218
ZAR     569,053 Pays 3-month ZAR JIBAR
(pays quarterly)
9.55%
(pays quarterly)
9/18/34  1,404,852  —  1,404,852
ZAR     142,683 Pays 3-month ZAR JIBAR
(pays quarterly)
9.59%
(pays quarterly)
9/18/34    376,607  —    376,607
ZAR     285,366 Pays 3-month ZAR JIBAR
(pays quarterly)
9.60%
(pays quarterly)
9/18/34    764,237  —    764,237
ZAR     130,401 Pays 3-month ZAR JIBAR
(pays quarterly)
8.39%
(pays quarterly)
12/18/34   (284,853)  —   (284,853)
ZAR   1,817,914 Pays 3-month ZAR JIBAR
(pays quarterly)
8.40%
(pays quarterly)
12/18/34 (3,946,411)  — (3,946,411)
ZAR     659,084 Pays 3-month ZAR JIBAR
(pays quarterly)
8.44%
(pays quarterly)
12/18/34 (1,317,791)  — (1,317,791)
Total           $(4,488,983) $ — $(4,488,983)
22

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Credit Default Swaps - Sell Protection (Centrally Cleared)
Reference Entity Notional
Amount*
(000's omitted)
Contract Annual
Fixed Rate**
Current
Market Annual
Fixed Rate***
Termination
Date
Value Unamortized
Upfront
Receipts
(Payments)
Unrealized
Appreciation
(Depreciation)
Petroleos Mexicanos $20,600 1.00%
(pays quarterly)(1)
4.04% 6/20/29 $(2,412,115) $3,311,652 $899,537
Total $20,600       $(2,412,115) $3,311,652 $899,537
Credit Default Swaps - Buy Protection (Centrally Cleared)  
Reference Entity Notional
Amount
(000's omitted)
Contract
Annual
Fixed Rate**
Termination
Date
Value Unamortized
Upfront
Receipts
(Payments)
Unrealized
Appreciation
(Depreciation)
Brazil   $49,060 1.00%
(pays quarterly)(1)
12/20/29 $1,213,401 $(1,185,352) $ 28,049
China   31,150 1.00%
(pays quarterly)(1)
12/20/29  (547,151)    531,365 (15,786)
Colombia   39,900 1.00%
(pays quarterly)(1)
12/20/29 2,014,209 (1,708,760) 305,449
Indonesia   13,730 1.00%
(pays quarterly)(1)
12/20/29  (204,285)    184,617 (19,668)
Mexico   28,900 1.00%
(pays quarterly)(1)
12/20/29   321,904   (277,990)  43,914
Peru   14,170 1.00%
(pays quarterly)(1)
12/20/29  (137,948)    125,005 (12,943)
Turkey   12,910 1.00%
(pays quarterly)(1)
12/20/29   915,176   (977,550) (62,374)
Total         $3,575,306 $(3,308,665) $266,641
Credit Default Swaps - Sell Protection (OTC)
Reference Entity Counterparty Notional
Amount*
(000's omitted)
Contract Annual
Fixed Rate**
Current
Market
Annual
Fixed Rate***
Termination
Date
Value Unamortized
Upfront
Receipts
(Payments)
Unrealized
Appreciation
(Depreciation)
Benin Barclays Bank PLC $  1,000 1.00%
(pays quarterly)(1)
2.08% 6/20/27 $   (25,266) $   72,676 $   47,410
Benin Barclays Bank PLC   1,000 1.00%
(pays quarterly)(1)
2.08 6/20/27    (25,266)    71,062    45,796
Ivory Coast Barclays Bank PLC   4,389 1.00%
(pays quarterly)(1)
2.67 6/20/27   (173,159)   299,731   126,572
Ivory Coast Deutsche Bank AG  10,219 1.00%
(pays quarterly)(1)
2.67 6/20/27   (403,178)   699,016   295,838
Ivory Coast Deutsche Bank AG  11,383 1.00%
(pays quarterly)(1)
2.67 6/20/27   (449,092)   777,694   328,602
Petroleos Mexicanos Citibank, N.A.   6,104 1.00%
(pays quarterly)(1)
4.04 6/20/29   (714,680)   917,865   203,185
Petroleos Mexicanos Citibank, N.A.  11,572 1.00%
(pays quarterly)(1)
4.04 6/20/29 (1,354,894) 1,720,305   365,411
23

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Credit Default Swaps - Sell Protection (OTC)(continued)
Reference Entity Counterparty Notional
Amount*
(000's omitted)
Contract Annual
Fixed Rate**
Current
Market
Annual
Fixed Rate***
Termination
Date
Value Unamortized
Upfront
Receipts
(Payments)
Unrealized
Appreciation
(Depreciation)
Petroleos Mexicanos Deutsche Bank AG $ 69,491 4.00%
(pays monthly)
2.44%  7/6/26 $   844,299 $      — $  844,299
Total   $115,158       $(2,301,236) $4,558,349 $2,257,113
* If the Fund is the seller of credit protection, the notional amount is the maximum potential amount of future payments the Fund could be required to make if a credit event, as defined in the credit default swap agreement, were to occur. At October 31, 2024, such maximum potential amount for all open credit default swaps in which the Fund is the seller was $135,758,000.
** The contract annual fixed rate represents the fixed rate of interest received by the Fund (as a seller of protection) or paid by the Fund (as a buyer of protection) on the notional amount of the credit default swap contract.
*** Current market annual fixed rates, utilized in determining the net unrealized appreciation or depreciation as of period end, serve as an indicator of the market’s perception of the current status of the payment/performance risk associated with the credit derivative. The current market annual fixed rate of a particular reference entity reflects the cost, as quoted by the pricing vendor, of selling protection against default of that entity as of period end and may include upfront payments required to be made to enter into the agreement. The higher the fixed rate, the greater the market perceived risk of a credit event involving the reference entity. A rate identified as “Defaulted” indicates a credit event has occurred for the reference entity.
(1) Upfront payment is exchanged with the counterparty as a result of the standardized trading coupon.
Total Return Swaps (OTC)
Counterparty Notional Amount
(000's omitted)
Fund Receives Fund Pays Termination
Date
Value/Unrealized
Appreciation
(Depreciation)
Barclays Bank PLC USD 17,296 Return on PEN 65,032,927 Government of Peru, 5.35%, 8/12/40 (pays upon termination) SOFR + 1.10% on Notional Amount (pays upon termination) 1/15/25 $(604,158)
            $(604,158)
Cross-Currency Swaps (OTC)    
Counterparty Fund Receives Fund Pays Termination
Date
Value/Unrealized
Appreciation
(Depreciation)
JPMorgan Chase Bank, N.A. 3-month PLN WIBOR + 0.63% on PLN 416,859,314 (Notional Amount) (pays quarterly) plus EUR equivalent of Notional Amount* 3-month EURIBOR on EUR equivalent of Notional Amount at effective date (pays quarterly) plus Notional Amount* 6/13/29 $91,521
        $91,521
* The Fund pays interest on the currency received and receives interest on the currency delivered. At the termination date, the notional amount of the currency received will be exchanged for the notional amount of the currency delivered.
Abbreviations:
EURIBOR – Euro Interbank Offered Rate
FBIL – Financial Benchmarks India Ltd.
 
GDP – Gross Domestic Product
JIBAR – Johannesburg Interbank Average Rate
MIBOR – Mumbai Interbank Offered Rate
 
24

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

 
OTC – Over-the-counter
PIK – Payment In Kind
PRIBOR – Prague Interbank Offered Rate
SAIBOR – Saudi Arabian Interbank Offered Rate
 
SOFR – Secured Overnight Financing Rate
TLREF – Turkish Lira Overnight Reference Rate
WIBOR – Warsaw Interbank Offered Rate
 
Currency Abbreviations:
ALL – Albanian Lek
AMD – Armenian Dram
BAM – Bosnia-Herzegovina Convertible Mark
BRL – Brazilian Real
CLP – Chilean Peso
CNH – Yuan Renminbi Offshore
COP – Colombian Peso
CZK – Czech Koruna
DOP – Dominican Peso
EGP – Egyptian Pound
ETB – Ethiopian Birr
EUR – Euro
GEL – Georgian Lari
GHS – Ghanaian Cedi
IDR – Indonesian Rupiah
INR – Indian Rupee
JPY – Japanese Yen
KES – Kenyan Shilling
KRW – South Korean Won
KZT – Kazakhstani Tenge
 
MXN – Mexican Peso
MYR – Malaysian Ringgit
NGN – Nigerian Naira
PEN – Peruvian Sol
PKR – Pakistan Rupee
PLN – Polish Zloty
PYG – Paraguayan Guarani
RSD – Serbian Dinar
SAR – Saudi Riyal
SGD – Singapore Dollar
TRY – Turkish Lira
TWD – New Taiwan Dollar
USD – United States Dollar
UYU – Uruguayan Peso
UZS – Uzbekistani Som
VND – Viet Nam Dong
ZAR – South African Rand
ZMW – Zambian Kwacha
At October 31, 2024, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.
In the normal course of pursuing its investment objective, the Fund is subject to the following risks:
Credit Risk: The Fund enters into credit default swaps to enhance total return and/or as a substitute for the purchase or sale of securities.
Foreign Exchange Risk: The Fund engages in forward foreign currency exchange contracts, currency options and cross-currency swaps to enhance total return, to seek to hedge against fluctuations in currency exchange rates and/or as a substitute for the purchase or sale of securities or currencies.
Interest Rate Risk: The Fund utilizes various interest rate derivatives including non-deliverable bond forward contracts, interest rate futures contracts, interest rate swaps and swaptions, total return swaps and cross-currency swaps to enhance total return, to seek to hedge against fluctuations in interest rates, and/or to change the effective duration of its portfolio.
25

Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Affiliated Investments
Transactions in the Fund’s investment in funds that may be deemed to be affiliated for the fiscal year to date ended October 31, 2024 were as follows:
Name Value,
beginning
of period
Purchases Sales
proceeds
Net realized
gain (loss)
Change in
unrealized
appreciation
(depreciation)
Value, end
of period
Dividend
income
Shares,
end of period
Short-Term Investments
Liquidity Fund, Institutional Class(1) $86,614,587 $449,224,876 $(535,839,463) $ — $ — $ — $1,698,603  —
(1) Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio.
Fair Value Measurements
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
Level 1 – quoted prices in active markets for identical investments
Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments)
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At October 31, 2024, the hierarchy of inputs used in valuing the Fund's investments and open derivative instruments, which are carried at fair value, were as follows:
Asset Description  Level 1 Level 2 Level 3* Total
Convertible Bonds $       — $   10,009,679 $       — $   10,009,679
Foreign Corporate Bonds        —   775,921,495          0   775,921,495
Loan Participation Notes        —           — 22,226,575    22,226,575
Senior Floating-Rate Loans        —   125,994,905        —   125,994,905
Sovereign Government Bonds        — 1,282,800,642        — 1,282,800,642
Sovereign Loans        —    25,605,040        —    25,605,040
Short-Term Investments:        
Sovereign Government Securities        —   164,930,126        —   164,930,126
U.S. Treasury Obligations        —    37,778,856        —    37,778,856
Purchased Currency Options        —       479,200        —       479,200
Purchased Interest Rate Swaptions        —           166        —           166
Total Investments $       — $2,423,520,109 $22,226,575 $2,445,746,684
Forward Foreign Currency Exchange Contracts $       — $   45,794,990 $       — $   45,794,990
Futures Contracts 17,803,257           —        —    17,803,257
Swap Contracts        —    12,822,251        —    12,822,251
Total $17,803,257 $2,482,137,350 $22,226,575 $2,522,167,182
Liability Description         
Written Currency Options $       — $     (236,827) $       — $     (236,827)
Forward Foreign Currency Exchange Contracts        —   (28,189,334)        —   (28,189,334)
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Eaton Vance
Emerging Markets Debt Opportunities Fund
October 31, 2024
Portfolio of Investments (Unaudited) — continued

Liability Description (continued) Level 1 Level 2 Level 3 Total
Swap Contracts $       — $  (18,961,916) $       — $  (18,961,916)
Total $       — $  (47,388,077) $       — $  (47,388,077)
* None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Fund.
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended October 31, 2024 is not presented.
For information on the Fund's policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent financial statements included in its semi-annual or annual report to shareholders. 
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