NPORT-EX 2 NPORT_FR6B_62701881_0124.htm
Eaton Vance
Short Duration High Income Fund
January 31, 2024
Portfolio of Investments (Unaudited)

Convertible Bonds — 1.6%
Security Principal
Amount
(000's omitted)
Value
Containers — 0.4%
CryoPort, Inc., 0.75%, 12/1/26(1) $       437 $   358,908
      $   358,908
Homebuilders & Real Estate — 0.3%
HAT Holdings I LLC/HAT Holdings II LLC, 0.00%, 5/1/25(1) $       200 $   203,260
      $   203,260
Leisure — 0.3%
Peloton Interactive, Inc., 0.00%, 2/15/26 $       316 $   252,786
      $   252,786
Telecommunications — 0.4%
Liberty Latin America Ltd., 2.00%, 7/15/24 $       330 $   321,750
      $   321,750
Utility — 0.2%
NextEra Energy Partners LP, 2.50%, 6/15/26(1) $       214 $   193,135
      $   193,135
Total Convertible Bonds
(identified cost $1,358,213)
    $ 1,329,839
    
Corporate Bonds — 79.9%
Security Principal
Amount*
(000's omitted)
Value
Aerospace — 2.9%
Bombardier, Inc.:      
7.125%, 6/15/26(1)         463 $   467,268
7.875%, 4/15/27(1)         600    599,739
Rolls-Royce PLC, 3.625%, 10/14/25(1)         500    483,785
TransDigm, Inc., 6.25%, 3/15/26(1)         910    904,548
      $ 2,455,340
Air Transportation — 2.4%
Air Canada Pass-Through Trust, 10.50%, 7/15/26(1)         250 $   271,410
American Airlines, Inc., 7.25%, 2/15/28(1)         150    152,156
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26(1)         900     890,893
Security Principal
Amount*
(000's omitted)
Value
Air Transportation (continued)
Delta Air Lines, Inc.:      
2.90%, 10/28/24         275 $   269,041
7.375%, 1/15/26         400    414,482
      $ 1,997,982
Automotive & Auto Parts — 2.5%
Ford Motor Credit Co. LLC:      
3.375%, 11/13/25         650 $   624,036
3.664%, 9/8/24         663    654,248
5.125%, 6/16/25         850    842,859
      $ 2,121,143
Broadcasting — 0.4%
Townsquare Media, Inc., 6.875%, 2/1/26(1)         362 $   354,603
      $   354,603
Cable & Satellite TV — 0.7%
CCO Holdings LLC/CCO Holdings Capital Corp., 5.50%, 5/1/26(1)         577 $   572,126
      $   572,126
Capital Goods — 0.5%
Patrick Industries, Inc., 7.50%, 10/15/27(1)         400 $   402,344
      $   402,344
Chemicals — 3.5%
Avient Corp., 5.75%, 5/15/25(1)         500 $   498,574
Compass Minerals International, Inc., 6.75%, 12/1/27(1)         312    308,044
International Flavors & Fragrances, Inc., 1.23%, 10/1/25(1)         210    195,768
NOVA Chemicals Corp.:      
4.875%, 6/1/24(1)         819    815,752
5.00%, 5/1/25(1)         800    780,813
WR Grace Holdings LLC, 4.875%, 6/15/27(1)         325    311,180
      $ 2,910,131
Consumer Products — 0.7%
CD&R Smokey Buyer, Inc., 6.75%, 7/15/25(1)         246 $   241,332
Mattel, Inc., 3.375%, 4/1/26(1)         400    382,031
      $   623,363
Containers — 4.2%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 2.125%, 8/15/26(2) EUR       300 $   292,148
 
1

Eaton Vance
Short Duration High Income Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued

Security Principal
Amount*
(000's omitted)
Value
Containers (continued)
Ball Corp., 5.25%, 7/1/25         384 $   383,342
Berry Global, Inc., 4.50%, 2/15/26(1)         610    593,190
Canpack SA/Canpack U.S. LLC, 3.125%, 11/1/25(1)         400    382,630
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 2/1/26         500    490,006
Graphic Packaging International LLC, 4.125%, 8/15/24         575    569,816
Owens-Brockway Glass Container, Inc., 6.375%, 8/15/25(1)         500    500,416
Trivium Packaging Finance BV, 5.50%, 8/15/26(1)         350    342,041
      $ 3,553,589
Diversified Financial Services — 3.0%
Ally Financial, Inc., 5.75%, 11/20/25         400 $   401,280
Cargo Aircraft Management, Inc., 4.75%, 2/1/28(1)         352    321,626
Castlelake Aviation Finance DAC, 5.00%, 4/15/27(1)         200    190,053
Jefferson Capital Holdings LLC, 6.00%, 8/15/26(1)         260    250,373
Macquarie Airfinance Holdings Ltd., 8.375%, 5/1/28(1)         279    293,286
Oxford Finance LLC/Oxford Finance Co.-Issuer II, Inc., 6.375%, 2/1/27(1)         250    237,426
PRA Group, Inc., 7.375%, 9/1/25(1)         322    324,290
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc., 2.875%, 10/15/26(1)         542    497,789
      $ 2,516,123
Diversified Media — 1.3%
Arches Buyer, Inc.:      
4.25%, 6/1/28(1)         200 $   179,039
6.125%, 12/1/28(1)         200    172,943
Clear Channel International BV, 6.625%, 8/1/25(1)         275    275,354
TripAdvisor, Inc., 7.00%, 7/15/25(1)         500    501,955
      $ 1,129,291
Energy — 8.9%
Aethon United BR LP/Aethon United Finance Corp., 8.25%, 2/15/26(1)         630 $   624,960
Antero Midstream Partners LP/Antero Midstream Finance Corp., 7.875%, 5/15/26(1)         350    358,372
Callon Petroleum Co., 6.375%, 7/1/26         326    326,322
CITGO Petroleum Corp., 6.375%, 6/15/26(1)         537    536,480
Civitas Resources, Inc., 5.00%, 10/15/26(1)         500    487,358
CrownRock LP/CrownRock Finance, Inc., 5.625%, 10/15/25(1)         845    841,481
CVR Energy, Inc., 5.25%, 2/15/25(1)         300    299,865
EQM Midstream Partners LP:      
4.00%, 8/1/24         262    259,340
7.50%, 6/1/27(1)         500     514,808
Security Principal
Amount*
(000's omitted)
Value
Energy (continued)
Matador Resources Co., 5.875%, 9/15/26         400 $   396,719
Neptune Energy Bondco PLC, 6.625%, 5/15/25(1)         720    715,205
Permian Resources Operating LLC:      
5.375%, 1/15/26(1)         453    447,430
7.75%, 2/15/26(1)         360    366,009
Precision Drilling Corp., 7.125%, 1/15/26(1)         183    182,009
Southwestern Energy Co., 5.70%, 1/23/25         200    198,936
Transocean, Inc., 7.25%, 11/1/25(1)         225    223,316
Venture Global LNG, Inc.:      
8.125%, 6/1/28(1)         300    303,403
9.50%, 2/1/29(1)         165    175,340
Vital Energy, Inc., 10.125%, 1/15/28         226    236,857
      $ 7,494,210
Entertainment & Film — 1.0%
Cinemark USA, Inc.:      
5.875%, 3/15/26(1)         319 $   316,343
8.75%, 5/1/25(1)         180    181,726
Live Nation Entertainment, Inc., 4.875%, 11/1/24(1)         325    323,336
      $   821,405
Environmental — 1.4%
GFL Environmental, Inc., 3.75%, 8/1/25(1)       1,190 $ 1,158,547
      $ 1,158,547
Food & Drug Retail — 0.6%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC:      
3.25%, 3/15/26(1)         150 $   142,619
7.50%, 3/15/26(1)         350    356,950
      $   499,569
Food, Beverage & Tobacco — 2.2%
Darling Ingredients, Inc., 5.25%, 4/15/27(1)         600 $   590,109
Herbalife Nutrition Ltd./HLF Financing, Inc., 7.875%, 9/1/25(1)         298    296,053
Performance Food Group, Inc., 6.875%, 5/1/25(1)         752    754,598
U.S. Foods, Inc., 6.875%, 9/15/28(1)         230    236,403
      $ 1,877,163
Gaming — 5.1%
Caesars Entertainment, Inc.:      
6.25%, 7/1/25(1)         751 $   754,034
8.125%, 7/1/27(1)         380    390,211
International Game Technology PLC, 6.50%, 2/15/25(1)         812     813,694
 
2

Eaton Vance
Short Duration High Income Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued

Security Principal
Amount*
(000's omitted)
Value
Gaming (continued)
Light & Wonder International, Inc., 7.00%, 5/15/28(1)         400 $   399,796
MGM Resorts International, 5.75%, 6/15/25         700    700,705
Raptor Acquisition Corp./Raptor Co.-Issuer LLC, 4.875%, 11/1/26(1)         650    624,349
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.50%, 3/1/25(1)         580    579,630
      $ 4,262,419
Healthcare — 5.1%
AMN Healthcare, Inc., 4.625%, 10/1/27(1)         387 $   369,237
Endo Dac/Endo Finance LLC/Endo Finco, Inc., 5.875%, 10/15/24(1)(3)         260    171,538
IQVIA, Inc., 5.00%, 10/15/26(1)         500    489,472
ModivCare, Inc., 5.875%, 11/15/25(1)         392    387,490
P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25(1)         250    204,309
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/1/26(1)         856    855,364
Team Health Holdings, Inc., 6.375%, 2/1/25(1)         250    215,474
Tenet Healthcare Corp., 4.875%, 1/1/26         758    751,896
Teva Pharmaceutical Finance Netherlands III BV, 7.125%, 1/31/25         460    463,679
U.S. Acute Care Solutions LLC, 6.375%, 3/1/26(1)         416    363,908
      $ 4,272,367
Homebuilders & Real Estate — 3.8%
Brundage-Bone Concrete Pumping Holdings, Inc., 6.00%, 2/1/26(1)         271 $   267,248
HAT Holdings I LLC/HAT Holdings II LLC:      
3.375%, 6/15/26(1)         342    318,149
6.00%, 4/15/25(1)         300    297,704
8.00%, 6/15/27(1)         200    207,373
Meritage Homes Corp., 6.00%, 6/1/25         572    571,242
Starwood Property Trust, Inc., 3.75%, 12/31/24(1)         964    942,869
VICI Properties LP/VICI Note Co., Inc., 3.50%, 2/15/25(1)         619    604,283
      $ 3,208,868
Insurance — 1.0%
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27(1)         500 $   488,570
AssuredPartners, Inc., 7.00%, 8/15/25(1)         342    342,078
      $   830,648
Leisure — 6.3%
Carnival Corp., 7.625%, 3/1/26(1)         600 $   609,843
Life Time, Inc., 8.00%, 4/15/26(1)         845     846,766
Security Principal
Amount*
(000's omitted)
Value
Leisure (continued)
Lindblad Expeditions Holdings, Inc., 9.00%, 5/15/28(1)         200 $   207,993
NCL Corp. Ltd.:      
3.625%, 12/15/24(1)       1,152  1,129,763
5.875%, 3/15/26(1)         245    239,045
Royal Caribbean Cruises Ltd.:      
5.50%, 8/31/26(1)         250    247,641
11.625%, 8/15/27(1)         425    462,560
Speedway Motorsports LLC/Speedway Funding II, Inc., 4.875%, 11/1/27(1)         450    427,277
Vail Resorts, Inc., 6.25%, 5/15/25(1)         450    450,936
Viking Cruises Ltd., 6.25%, 5/15/25(1)         727    723,252
      $ 5,345,076
Metals & Mining — 1.0%
Constellium SE, 5.875%, 2/15/26(1)         250 $   248,719
Hudbay Minerals, Inc., 4.50%, 4/1/26(1)         400    388,012
New Gold, Inc., 7.50%, 7/15/27(1)         210    209,163
      $   845,894
Paper — 0.2%
Enviva Partners LP/Enviva Partners Finance Corp., 6.50%, 1/15/26(1)         520 $   194,736
      $   194,736
Publishing & Printing — 0.2%
McGraw-Hill Education, Inc., 5.75%, 8/1/28(1)         191 $   180,967
      $   180,967
Railroad — 0.5%
Watco Cos. LLC/Watco Finance Corp., 6.50%, 6/15/27(1)         400 $   397,914
      $   397,914
Restaurant — 1.9%
1011778 BC ULC/New Red Finance, Inc., 5.75%, 4/15/25(1)         356 $   355,600
Dave & Buster's, Inc., 7.625%, 11/1/25(1)         518    524,343
IRB Holding Corp., 7.00%, 6/15/25(1)         753    749,081
      $ 1,629,024
Services — 4.6%
Allied Universal Holdco LLC/Allied Universal Finance Corp.:      
6.625%, 7/15/26(1)         442 $   435,933
9.75%, 7/15/27(1)         350     342,601
 
3

Eaton Vance
Short Duration High Income Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued

Security Principal
Amount*
(000's omitted)
Value
Services (continued)
GEMS MENASA Cayman Ltd./GEMS Education Delaware LLC, 7.125%, 7/31/26(1)       1,127 $ 1,117,111
Hertz Corp., 4.625%, 12/1/26(1)         279    251,188
Korn Ferry, 4.625%, 12/15/27(1)         440    421,161
WASH Multifamily Acquisition, Inc., 5.75%, 4/15/26(1)         400    384,894
WESCO Distribution, Inc., 7.125%, 6/15/25(1)         899    904,475
      $ 3,857,363
Steel — 1.1%
Allegheny Ludlum LLC, 6.95%, 12/15/25         515 $   525,262
Cleveland-Cliffs, Inc., 6.75%, 3/15/26(1)         376    377,417
      $   902,679
Super Retail — 1.6%
Bath & Body Works, Inc., 9.375%, 7/1/25(1)         309 $   322,698
Evergreen Acqco 1 LP/TVI, Inc., 9.75%, 4/26/28(1)         370    397,646
Hanesbrands, Inc., 4.875%, 5/15/26(1)         158    152,541
Kohl's Corp., 4.25%, 7/17/25         270    262,497
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.125%, 4/1/26(1)          32     31,240
William Carter Co., 5.625%, 3/15/27(1)         185    181,910
      $ 1,348,532
Technology — 4.4%
CDK Global II LLC, 6.50%, 10/15/24         500 $   485,677
Clarios Global LP, 6.75%, 5/15/25(1)         299    299,017
Clarios Global LP/Clarios U.S. Finance Co., 8.50%, 5/15/27(1)         750    749,351
Gen Digital, Inc.:      
5.00%, 4/15/25(1)         322    320,532
6.75%, 9/30/27(1)         500    508,044
PTC, Inc., 3.625%, 2/15/25(1)         336    330,125
Seagate HDD Cayman, 4.75%, 1/1/25         410    404,463
Sensata Technologies BV, 5.00%, 10/1/25(1)         650    647,592
      $ 3,744,801
Telecommunications — 3.9%
Connect Finco SARL/Connect U.S. Finco LLC, 6.75%, 10/1/26(1)       1,020 $   997,634
Iliad Holding SASU, 6.50%, 10/15/26(1)       1,460  1,432,161
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27(1)         600    578,410
Viasat, Inc., 5.625%, 9/15/25(1)         300    290,105
      $ 3,298,310
Security Principal
Amount*
(000's omitted)
Value
Utility — 3.0%
Calpine Corp.:      
5.125%, 3/15/28(1)         250 $   238,780
5.25%, 6/1/26(1)         350    344,544
Ferrellgas LP/Ferrellgas Finance Corp., 5.375%, 4/1/26(1)         400    394,425
NextEra Energy Operating Partners LP, 4.25%, 7/15/24(1)         741    733,884
NRG Energy, Inc., 6.625%, 1/15/27         300    301,072
Vistra Operations Co. LLC, 5.50%, 9/1/26(1)         483    479,055
      $ 2,491,760
Total Corporate Bonds
(identified cost $67,145,289)
    $67,298,287
    
Senior Floating-Rate Loans — 14.4%(4)
Borrower/Description Principal
Amount
(000's omitted)
Value
Aerospace — 1.3%
TransDigm, Inc., Term Loan, 8.598%, (SOFR + 3.25%), 8/24/28 $     1,094 $ 1,096,512
      $ 1,096,512
Air Transportation — 0.9%
Mileage Plus Holdings LLC, Term Loan, 10.77%, (SOFR + 5.25%), 6/21/27 $       742 $   765,989
      $   765,989
Capital Goods — 0.5%
EMRLD Borrower LP, Term Loan, 8.313%, (SOFR + 3.00%), 5/31/30 $       410 $   410,827
      $   410,827
Chemicals — 0.8%
Olympus Water U.S. Holding Corp., Term Loan, 9.36%, (SOFR + 3.75%), 11/9/28 $       687 $   685,712
      $   685,712
Gaming — 1.9%
Caesars Entertainment, Inc., Term Loan, 1/24/31(5) $     1,000 $   999,583
Spectacle Gary Holdings LLC, Term Loan, 9.748%, (SOFR + 4.25%), 12/11/28         586    575,411
      $ 1,574,994
 
4

Eaton Vance
Short Duration High Income Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued

Borrower/Description Principal
Amount
(000's omitted)
Value
Healthcare — 2.9%
athenahealth Group, Inc., Term Loan, 8.583%, (SOFR + 3.25%), 2/15/29 $       399 $   394,208
Bausch & Lomb Corp., Term Loan, 8.683%, (SOFR + 3.25%), 5/10/27         550    538,163
Jazz Financing Lux SARL, Term Loan, 8.447%, (SOFR + 3.00%), 5/5/28         716    716,311
Pluto Acquisition I, Inc., Term Loan, 9.65%, (SOFR + 4.00%), 6/22/26         287    233,773
Verscend Holding Corp., Term Loan, 9.447%, (SOFR + 4.00%), 8/27/25         532    532,759
      $ 2,415,214
Restaurant — 1.2%
Dave & Buster's, Inc., Term Loan, 9.087%, (SOFR + 3.75%), 6/29/29 $       768 $   769,888
IRB Holding Corp., Term Loan, 12/15/27(5)         244    243,255
      $ 1,013,143
Services — 1.0%
AlixPartners LLP, Term Loan, 8.197%, (SOFR + 2.75%), 2/4/28 $       871 $   871,584
      $   871,584
Super Retail — 2.3%
Mavis Tire Express Services Corp., Term Loan, 9.083%, (SOFR + 3.75%), 5/4/28 $       865 $   865,353
PetSmart, Inc., Term Loan, 9.183%, (SOFR + 3.75%), 2/11/28       1,062  1,058,513
      $ 1,923,866
Technology — 1.6%
Clarios Global LP, Term Loan, 8.333%, (SOFR + 3.00%), 5/6/30 $       200 $   200,312
GoTo Group, Inc., Term Loan, 10.183%, (SOFR + 4.75%), 8/31/27           2        877
Presidio Holdings, Inc., Term Loan, 8.913%, (SOFR + 3.50%), 1/22/27(6)         830    830,712
Riverbed Technology, Inc., Term Loan, 9.85%, (SOFR + 4.50%), 7.85% cash, 2.00% PIK, 7/1/28          21     14,701
Travelport Finance (Luxembourg) SARL, Term Loan, 13.61%, (SOFR + 7.00%), 9/30/28         338    324,056
      $ 1,370,658
Total Senior Floating-Rate Loans
(identified cost $12,146,406)
    $12,128,499
    
Short-Term Investments — 6.8%
Security Shares Value
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.21%(7)   5,743,416 $ 5,743,416
Total Short-Term Investments
(identified cost $5,743,416)
    $ 5,743,416
Total Investments — 102.7%
(identified cost $86,393,324)
    $86,500,041
Other Assets, Less Liabilities — (2.7)%     $(2,255,335)
Net Assets — 100.0%     $84,244,706
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
* In U.S. dollars unless otherwise indicated.
(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 January 31, 2024, the aggregate value of these securities is $57,227,665 or 67.9% 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 January 31, 2024, the aggregate value of these securities is $292,148 or 0.3% of the Fund's net assets.
(3) Issuer is in default with respect to interest and/or principal payments.
(4) 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”) (or the London Interbank Offered Rate (“LIBOR”) for those loans whose rates reset prior to the discontinuance of LIBOR on June 30, 2023) 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.
(5) This Senior Loan will settle after January 31, 2024, at which time the interest rate will be determined.
(6) The stated interest rate represents the weighted average interest rate at January 31, 2024 of contracts within the senior loan facility. Interest rates on contracts are primarily redetermined either monthly or quarterly by reference to the indicated base lending rate and spread and the reset period.
 
5

Eaton Vance
Short Duration High Income Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued

(7) May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of January 31, 2024.
Forward Foreign Currency Exchange Contracts (OTC)
Currency Purchased Currency Sold Counterparty Settlement
Date
Unrealized
Appreciation
Unrealized
(Depreciation)
USD   4,127 EUR  3,808 Bank of America, N.A. 4/30/24 $ — $ (4)
USD  95,226 EUR 87,799 Goldman Sachs International 4/30/24  — (15)
USD  96,786 EUR 89,254 Goldman Sachs International 4/30/24  — (34)
USD 101,574 EUR 93,654 HSBC Bank USA, N.A. 4/30/24  — (18)
            $$(71)
Abbreviations:
OTC – Over-the-counter
PIK – Payment In Kind
SOFR – Secured Overnight Financing Rate
Currency Abbreviations:
EUR – Euro
USD – United States Dollar
 
At January 31, 2024, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.
The Fund is subject to foreign exchange risk in the normal course of pursuing its investment objective. Because the Fund holds foreign currency denominated investments, the value of these investments and related receivables and payables may change due to future changes in foreign currency exchange rates. To hedge against this risk, the Fund enters into forward foreign currency exchange contracts.
Affiliated Investments
At January 31, 2024, the value of the Fund's investment in funds that may be deemed to be affiliated was $5,743,416, which represents 6.8% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended January 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) $4,875,056 $14,486,363 $(13,618,003) $ — $ — $5,743,416 $59,741 5,743,416
(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.
6

Eaton Vance
Short Duration High Income Fund
January 31, 2024
Portfolio of Investments (Unaudited) — continued

At January 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 $      — $ 1,329,839 $    — $ 1,329,839
Corporate Bonds       — 67,298,287     — 67,298,287
Senior Floating-Rate Loans       — 12,128,499     — 12,128,499
Short-Term Investments 5,743,416        —     —  5,743,416
Total Investments $5,743,416 $80,756,625 $    — $86,500,041
Liability Description         
Forward Foreign Currency Exchange Contracts $      — $       (71) $    — $       (71)
Total $      — $       (71) $    — $       (71)
For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.
7