Eaton Vance
Short Duration High Income Fund
January 31, 2025
Portfolio of Investments (Unaudited)

Common Stocks — 0.3%
Security Shares Value
Healthcare — 0.1%
Endo, Inc.(1)     2,555 $    67,452
      $    67,452
Paper — 0.2%
Enviva LLC(1)(2)    11,433 $   211,510
      $   211,510
Total Common Stocks
(identified cost $125,695)
    $   278,962
    
Convertible Bonds — 0.7%
Security Principal
Amount*
(000's omitted)
Value
Homebuilders & Real Estate — 0.4%
HAT Holdings I LLC/HAT Holdings II LLC, 0.00%, 5/1/25(3) $     200 $   218,000
Pebblebrook Hotel Trust, 1.75%, 12/15/26       125    117,200
      $   335,200
Utility — 0.3%
NextEra Energy Partners LP, 2.50%, 6/15/26(3) $     279 $   265,071
      $   265,071
Total Convertible Bonds
(identified cost $575,913)
    $   600,271
    
Corporate Bonds — 79.5%
Security Principal
Amount*
(000's omitted)
Value
Aerospace — 2.9%
Bombardier, Inc., 7.875%, 4/15/27(3)       504 $   506,107
Rolls-Royce PLC, 3.625%, 10/14/25(3)       590    584,872
Science Applications International Corp., 4.875%, 4/1/28(3)       250    242,394
TransDigm, Inc.:      
4.625%, 1/15/29     1,085  1,028,022
6.375%, 3/1/29(3)       100    101,127
      $ 2,462,522
Air Transportation — 1.9%
Air Canada, 3.875%, 8/15/26(3)       150 $   146,330
Security Principal
Amount*
(000's omitted)
Value
Air Transportation (continued)
Air Canada Pass-Through Trust, 10.50%, 7/15/26(3)       250 $   266,117
Cargo Aircraft Management, Inc., 4.75%, 2/1/28(3)       352    351,446
VistaJet Malta Finance PLC/Vista Management Holding, Inc.:      
7.875%, 5/1/27(3)       300    300,442
9.50%, 6/1/28(3)       516    531,336
      $ 1,595,671
Automotive & Auto Parts — 2.8%
Belron U.K. Finance PLC, 5.75%, 10/15/29(3)       824 $   817,118
Clarios Global LP/Clarios U.S. Finance Co., 8.50%, 5/15/27(3)       750    755,149
Goodyear Tire & Rubber Co., 5.00%, 5/31/26       518    513,989
Real Hero Merger Sub 2, Inc., 6.25%, 2/1/29(3)       338    294,310
      $ 2,380,566
Broadcasting — 1.5%
Playtika Holding Corp., 4.25%, 3/15/29(3)       350 $   323,145
Townsquare Media, Inc., 6.875%, 2/1/26(3)       342    342,230
Univision Communications, Inc., 6.625%, 6/1/27(3)       600    600,584
      $ 1,265,959
Building Materials — 2.8%
Advanced Drainage Systems, Inc., 5.00%, 9/30/27(3)       300 $   296,194
AmeriTex HoldCo Intermediate LLC, 10.25%, 10/15/28(3)       403    427,541
CP Atlas Buyer, Inc., 7.00%, 12/1/28(3)       331    294,950
Standard Industries, Inc., 5.00%, 2/15/27(3)       883    871,406
Summit Materials LLC/Summit Materials Finance Corp., 6.50%, 3/15/27(3)       430    430,269
      $ 2,320,360
Cable & Satellite TV — 5.3%
CCO Holdings LLC/CCO Holdings Capital Corp.:      
5.00%, 2/1/28(3)       530 $   516,330
5.125%, 5/1/27(3)       665    653,133
5.50%, 5/1/26(3)       577    575,315
CSC Holdings LLC, 5.50%, 4/15/27(3)       200    185,338
Directv Financing LLC/Directv Financing Co-Obligor, Inc., 5.875%, 8/15/27(3)     1,455  1,441,784
DISH Network Corp., 11.75%, 11/15/27(3)     1,000  1,056,690
      $ 4,428,590
Capital Goods — 1.7%
Calderys Financing II LLC, 11.75%, (11.75% cash or 12.50% PIK), 6/1/28(3)(4)       230 $   238,157
 
1

Eaton Vance
Short Duration High Income Fund
January 31, 2025
Portfolio of Investments (Unaudited) — continued

Security Principal
Amount*
(000's omitted)
Value
Capital Goods (continued)
Calderys Financing LLC, 11.25%, 6/1/28(3)       383 $   410,326
ESAB Corp., 6.25%, 4/15/29(3)       369    374,428
Madison IAQ LLC, 5.875%, 6/30/29(3)       417    402,431
      $ 1,425,342
Chemicals — 2.3%
Compass Minerals International, Inc., 6.75%, 12/1/27(3)       258 $   256,161
International Flavors & Fragrances, Inc., 1.23%, 10/1/25(3)       210    204,923
NOVA Chemicals Corp., 5.00%, 5/1/25(3)       800    796,106
SNF Group SACA, 3.125%, 3/15/27(3)       500    477,090
WR Grace Holdings LLC, 4.875%, 6/15/27(3)       216    211,415
      $ 1,945,695
Consumer Products — 1.0%
Spectrum Brands, Inc., 3.875%, 3/15/31(3)       940 $   809,358
      $   809,358
Containers — 2.9%
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC:      
3.00%, 9/1/29(5) EUR     100 $    89,670
4.00%, 9/1/29(3)       278    242,937
Berry Global, Inc., 4.50%, 2/15/26(3)       610    605,444
Canpack SA/Canpack U.S. LLC, 3.125%, 11/1/25(3)       400    392,431
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 2/1/26       500    499,046
Trivium Packaging Finance BV, 5.50%, 8/15/26(3)       630    627,285
      $ 2,456,813
Diversified Financial Services — 2.6%
Castlelake Aviation Finance DAC, 5.00%, 4/15/27(3)       630 $   635,050
Diebold Nixdorf, Inc., 7.75%, 3/31/30(3)       248    257,346
Hightower Holding LLC, 6.75%, 4/15/29(3)       424    416,067
Macquarie Airfinance Holdings Ltd.:      
6.40%, 3/26/29(3)        70     72,188
8.375%, 5/1/28(3)       279    292,597
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 2.875%, 10/15/26(3)       542    517,472
      $ 2,190,720
Diversified Media — 1.7%
Arches Buyer, Inc.:      
4.25%, 6/1/28(3)       200 $   187,048
6.125%, 12/1/28(3)       200    181,351
Cars.com, Inc., 6.375%, 11/1/28(3)       390     390,531
Security Principal
Amount*
(000's omitted)
Value
Diversified Media (continued)
Clear Channel Outdoor Holdings, Inc.:      
5.125%, 8/15/27(3)       250 $   243,705
7.75%, 4/15/28(3)       350    324,831
CMG Media Corp., 8.875%, 6/18/29(3)        84     67,568
      $ 1,395,034
Energy — 6.9%
Aethon United BR LP/Aethon United Finance Corp., 7.50%, 10/1/29(3)       425 $   436,201
CITGO Petroleum Corp., 6.375%, 6/15/26(3)       537    538,947
Civitas Resources, Inc., 5.00%, 10/15/26(3)       700    696,741
EQM Midstream Partners LP, 7.50%, 6/1/27(3)       500    512,912
Genesis Energy LP/Genesis Energy Finance Corp., 7.75%, 2/1/28       500    506,570
Nabors Industries, Inc., 7.375%, 5/15/27(3)       300    303,001
Permian Resources Operating LLC, 5.375%, 1/15/26(3)       453    452,104
Precision Drilling Corp., 7.125%, 1/15/26(3)       236    236,763
Rockies Express Pipeline LLC, 3.60%, 5/15/25(3)       350    347,169
Sunoco LP, 7.00%, 5/1/29(3)       500    517,198
Venture Global LNG, Inc., 8.125%, 6/1/28(3)       800    836,539
Vital Energy, Inc., 7.75%, 7/31/29(3)       350    351,576
      $ 5,735,721
Entertainment & Film — 0.5%
Cinemark USA, Inc., 5.25%, 7/15/28(3)       444 $   435,609
      $   435,609
Environmental — 0.7%
Clean Harbors, Inc., 4.875%, 7/15/27(3)       224 $   221,410
Reworld Holding Corp., 4.875%, 12/1/29(3)       350    326,312
      $   547,722
Food, Beverage & Tobacco — 2.6%
Chobani Holdco II LLC, 8.75%, (8.75% cash or 9.50% PIK), 10/1/29(3)(4)       640 $   694,742
Darling Ingredients, Inc., 5.25%, 4/15/27(3)       600    596,868
Performance Food Group, Inc., 5.50%, 10/15/27(3)       400    398,213
Triton Water Holdings, Inc., 6.25%, 4/1/29(3)       260    258,466
U.S. Foods, Inc., 6.875%, 9/15/28(3)       230    236,475
      $ 2,184,764
Gaming — 3.3%
Caesars Entertainment, Inc., 8.125%, 7/1/27(3)       129 $   130,446
Churchill Downs, Inc., 5.50%, 4/1/27(3)       700     696,887
 
2

Eaton Vance
Short Duration High Income Fund
January 31, 2025
Portfolio of Investments (Unaudited) — continued

Security Principal
Amount*
(000's omitted)
Value
Gaming (continued)
Genting New York LLC/GENNY Capital, Inc., 7.25%, 10/1/29(3)       475 $   488,684
International Game Technology PLC, 5.25%, 1/15/29(3)       200    196,929
Light & Wonder International, Inc., 7.00%, 5/15/28(3)       400    401,964
MGM Resorts International, 4.625%, 9/1/26       352    349,070
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 5/15/27(3)       500    497,490
      $ 2,761,470
Healthcare — 6.3%
AMN Healthcare, Inc., 4.625%, 10/1/27(3)       276 $   267,607
CHS/Community Health Systems, Inc.:      
6.00%, 1/15/29(3)       500    456,272
6.875%, 4/15/29(3)       203    139,537
Heartland Dental LLC/Heartland Dental Finance Corp., 10.50%, 4/30/28(3)       500    533,685
IQVIA, Inc., 5.00%, 10/15/26(3)       500    498,272
LifePoint Health, Inc.:      
4.375%, 2/15/27(3)       300    299,992
5.375%, 1/15/29(3)       500    443,101
Medline Borrower LP, 5.25%, 10/1/29(3)       419    406,263
P&L Development LLC/PLD Finance Corp., 12.00%, (9.00% cash and 3.50% PIK or 12.00% cash), 5/15/29(3)(4)       191    196,931
Team Health Holdings, Inc., 13.50%, (9.00% cash and 4.50% PIK), 6/30/28(3)(4)       259    282,825
Tenet Healthcare Corp., 6.25%, 2/1/27       430    431,191
Teva Pharmaceutical Finance Netherlands III BV, 3.15%, 10/1/26     1,000    969,665
U.S. Acute Care Solutions LLC, 9.75%, 5/15/29(3)       354    360,427
      $ 5,285,768
Homebuilders & Real Estate — 3.6%
Cushman & Wakefield U.S. Borrower LLC, 6.75%, 5/15/28(3)       254 $   256,264
HAT Holdings I LLC/HAT Holdings II LLC:      
3.375%, 6/15/26(3)       342    331,590
8.00%, 6/15/27(3)       200    208,166
Mattamy Group Corp., 5.25%, 12/15/27(3)       600    588,302
Outfront Media Capital LLC/Outfront Media Capital Corp., 5.00%, 8/15/27(3)       750    738,226
Pebblebrook Hotel LP/PEB Finance Corp., 6.375%, 10/15/29(3)       270    269,787
RLJ Lodging Trust LP, 3.75%, 7/1/26(3)       675    661,032
      $ 3,053,367
Security Principal
Amount*
(000's omitted)
Value
Insurance — 2.7%
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27(3)     1,019 $ 1,015,240
AssuredPartners, Inc., 5.625%, 1/15/29(3)       600    607,538
Jones Deslauriers Insurance Management, Inc., 10.50%, 12/15/30(3)       500    541,688
Ryan Specialty LLC, 5.875%, 8/1/32(3)        66     65,442
      $ 2,229,908
Leisure — 5.3%
Carnival Corp.:      
6.00%, 5/1/29(3)       623 $   624,593
7.625%, 3/1/26(3)       800    801,884
NCL Corp. Ltd.:      
5.875%, 3/15/26(3)       284    285,217
5.875%, 2/15/27(3)       300    301,564
7.75%, 2/15/29(3)       165    175,406
Royal Caribbean Cruises Ltd.:      
5.375%, 7/15/27(3)       601    601,540
5.50%, 8/31/26(3)       466    466,864
Speedway Motorsports LLC/Speedway Funding II, Inc., 4.875%, 11/1/27(3)       450    437,548
Viking Cruises Ltd., 6.25%, 5/15/25(3)       727    727,586
      $ 4,422,202
Metals & Mining — 3.0%
Arsenal AIC Parent LLC, 11.50%, 10/1/31(3)       477 $   533,148
Constellium SE, 3.75%, 4/15/29(3)       270    246,379
First Quantum Minerals Ltd., 9.375%, 3/1/29(3)       345    365,037
Hudbay Minerals, Inc., 4.50%, 4/1/26(3)       400    395,915
New Gold, Inc., 7.50%, 7/15/27(3)       210    211,420
Novelis Corp., 3.25%, 11/15/26(3)       750    725,420
      $ 2,477,319
Publishing & Printing — 0.6%
McGraw-Hill Education, Inc., 5.75%, 8/1/28(3)       504 $   496,505
      $   496,505
Restaurant — 0.4%
Sizzling Platter LLC/Sizzling Platter Finance Corp., 8.50%, 11/28/25(3)       325 $   325,818
      $   325,818
Services — 5.0%
Adtalem Global Education, Inc., 5.50%, 3/1/28(3)       550 $   541,860
 
3

Eaton Vance
Short Duration High Income Fund
January 31, 2025
Portfolio of Investments (Unaudited) — continued

Security Principal
Amount*
(000's omitted)
Value
Services (continued)
Allied Universal Holdco LLC/Allied Universal Finance Corp.:      
6.00%, 6/1/29(3)       315 $   291,800
9.75%, 7/15/27(3)       350    352,428
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL, 4.625%, 6/1/28(3)       200    190,846
BCPE Empire Holdings, Inc., 7.625%, 5/1/27(3)       216    217,100
Korn Ferry, 4.625%, 12/15/27(3)       664    647,168
Specialty Building Products Holdings LLC/SBP Finance Corp., 7.75%, 10/15/29(3)       279    285,739
Summer (BC) Bidco B LLC, 5.50%, 10/31/26(3)       650    655,896
WASH Multifamily Acquisition, Inc., 5.75%, 4/15/26(3)       850    850,266
WESCO Distribution, Inc., 6.375%, 3/15/29(3)       131    133,617
      $ 4,166,720
Steel — 0.6%
Allegheny Ludlum LLC, 6.95%, 12/15/25       515 $   520,312
      $   520,312
Super Retail — 1.8%
Asbury Automotive Group, Inc., 4.50%, 3/1/28       360 $   349,605
Evergreen AcqCo 1 LP/TVI, Inc., 9.75%, 4/26/28(3)       382    401,500
Hanesbrands, Inc., 4.875%, 5/15/26(3)       518    514,326
Kohl's Corp., 4.25%, 7/17/25       270    268,700
      $ 1,534,131
Technology — 1.7%
Central Parent, Inc./CDK Global, Inc., 7.25%, 6/15/29(3)        31 $    29,474
Ellucian Holdings, Inc., 6.50%, 12/1/29(3)       216    217,842
Gen Digital, Inc.:      
5.00%, 4/15/25(3)       322    322,072
6.75%, 9/30/27(3)       500    508,754
PTC, Inc., 3.625%, 2/15/25(3)       336    335,631
      $ 1,413,773
Telecommunications — 1.6%
Connect Finco SARL/Connect U.S. Finco LLC, 9.00%, 9/15/29(3)       200 $   179,516
EchoStar Corp., 10.75%, 11/30/29       195    210,349
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27(3)       250    229,017
Viasat, Inc., 5.625%, 9/15/25(3)       300    298,817
Zegona Finance PLC, 8.625%, 7/15/29(3)       355    379,859
      $ 1,297,558
Security Principal
Amount*
(000's omitted)
Value
Transport Excluding Air & Rail — 0.3%
Seaspan Corp., 5.50%, 8/1/29(3)       300 $   276,948
      $   276,948
Utility — 3.2%
Atlantica Sustainable Infrastructure PLC, 4.125%, 6/15/28(3)       200 $   189,591
Calpine Corp., 5.125%, 3/15/28(3)       250    245,676
Ferrellgas LP/Ferrellgas Finance Corp., 5.375%, 4/1/26(3)       400    399,550
NRG Energy, Inc., 10.25% to 3/15/28(3)(6)(7)       172    191,021
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.875%, 3/1/27       200    199,423
Vistra Operations Co. LLC:      
5.00%, 7/31/27(3)       257    253,572
5.50%, 9/1/26(3)       868    868,323
5.625%, 2/15/27(3)       346    346,212
      $ 2,693,368
Total Corporate Bonds
(identified cost $65,691,197)
    $66,535,613
    
Preferred Stocks — 1.0%
Security Principal
Amount/
Shares
Value
Services — 1.0%
WESCO International, Inc., Series A, 10.625% to 6/22/25(7)    30,976 $   795,464
Total Preferred Stocks
(identified cost $798,710)
    $   795,464
    
Senior Floating-Rate Loans — 14.1%(8)
Borrower/Description Principal
Amount
(000's omitted)
Value
Automotive & Auto Parts — 0.2%
Clarios Global LP, Term Loan, 6.812%, (SOFR + 2.50%), 5/6/30 $     200 $   200,075
      $   200,075
Broadcasting — 0.0%(9)
ABG Intermediate Holdings 2 LLC, Term Loan, 12/21/28(10) $      29 $    29,337
      $    29,337
 
4

Eaton Vance
Short Duration High Income Fund
January 31, 2025
Portfolio of Investments (Unaudited) — continued

Borrower/Description Principal
Amount
(000's omitted)
Value
Building Materials — 0.4%
Associated Materials, Inc., Term Loan, 10.312%, (SOFR + 6.00%), 3/8/29 $     318 $   314,388
      $   314,388
Capital Goods — 0.9%
EMRLD Borrower LP, Term Loan, 6.933%, (SOFR + 2.50%), 5/31/30 $     721 $   723,677
      $   723,677
Diversified Media — 0.1%
CMG Media Corp., Term Loan, 7.929%, (SOFR + 3.50%), 6/18/29 $     123 $   113,789
      $   113,789
Energy — 0.5%
Epic Y-Grade Services LP, Term Loan, 10.044%, (SOFR + 5.75%), 6/29/29 $     425 $   426,841
      $   426,841
Food, Beverage & Tobacco — 0.4%
Triton Water Holdings, Inc., Term Loan, 7.84%, (SOFR + 3.25%), 3/31/28 $     350 $   352,081
      $   352,081
Gaming — 1.9%
Caesars Entertainment, Inc., Term Loan, 6.562%, (SOFR + 2.25%), 2/6/31 $     993 $   996,947
Spectacle Gary Holdings LLC, Term Loan, 8.662%, (SOFR + 4.25%), 12/11/28       549    555,586
      $ 1,552,533
Healthcare — 2.8%
athenahealth Group, Inc., Term Loan, 7.312%, (SOFR + 3.00%), 2/15/29 $     395 $   395,902
Endo Luxembourg Finance Co. I SARL, Term Loan, 8.312%, (SOFR + 4.00%), 4/23/31       549    553,574
Jazz Financing Lux SARL, Term Loan, 6.562%, (SOFR + 2.25%), 5/5/28       404    405,958
Pluto Acquisition I, Inc.:      
Term Loan, 9.837%, (SOFR + 5.50%), 6/20/28        68     69,543
Term Loan - Second Lien, 8.523%, (SOFR + 4.00%), 9/20/28       218    199,892
Team Health Holdings, Inc., Term Loan, 9.541%, (SOFR + 5.25%), 3/2/27       704    685,946
      $ 2,310,815
Borrower/Description Principal
Amount
(000's omitted)
Value
Insurance — 0.6%
Truist Insurance Holdings LLC, Term Loan - Second Lien, 9.079%, (SOFR + 4.75%), 5/6/32 $     463 $   471,455
      $   471,455
Leisure — 0.4%
Peloton Interactive, Inc., Term Loan, 10.312%, (SOFR + 6.00%), 5/23/29 $     350 $   358,996
      $   358,996
Restaurant — 0.7%
Dave & Buster's, Inc., Term Loan, 7.625%, (SOFR + 3.25%), 6/29/29 $     591 $   575,909
      $   575,909
Services — 1.0%
AlixPartners LLP, Term Loan, 6.926%, (SOFR + 2.50%), 2/4/28 $     862 $   865,837
      $   865,837
Super Retail — 2.7%
Hanesbrands, Inc., Term Loan, 8.062%, (SOFR + 3.75%), 3/8/30 $      90 $    91,086
Mavis Tire Express Services Corp., Term Loan, 7.312%, (SOFR + 3.00%), 5/4/28       857    861,361
Petco Health & Wellness Co., Inc., Term Loan, 7.84%, (SOFR + 3.25%), 3/3/28       251    241,947
PetSmart, Inc., Term Loan, 8.162%, (SOFR + 3.75%), 2/11/28     1,051  1,054,992
      $ 2,249,386
Technology — 1.5%
Cloud Software Group, Inc., Term Loan, 7.829%, (SOFR + 3.50%), 3/30/29 $     500 $   504,030
Fortress Intermediate 3, Inc., Term Loan, 7.812%, (SOFR + 3.50%), 6/27/31       643    645,402
Riverbed Technology, Inc., Term Loan, 8.829%, (SOFR + 4.50%), 6.829% cash, 2.00% PIK, 7/1/28        22     13,438
Travelport Finance (Luxembourg) SARL, Term Loan, 12.197%, (SOFR + 7.89%), 9/30/28        50     46,858
      $ 1,209,728
Total Senior Floating-Rate Loans
(identified cost $11,675,856)
    $11,754,847
    
 
5

Eaton Vance
Short Duration High Income Fund
January 31, 2025
Portfolio of Investments (Unaudited) — continued

Miscellaneous — 0.0%(9)
Security Principal
Amount
Value
Healthcare — 0.0%
Endo Design LLC, Escrow Certificates(1)(11) $ 260,000 $         0
      $         0
Paper — 0.0%(9)
Enviva LLC, Escrow Certificates(1) $ 273,000 $        55
      $        55
Total Miscellaneous
(identified cost $0)
    $        55
    
Short-Term Investments — 0.0%(9)
Security Shares Value
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 4.31%(12)     4,633 $     4,633
Total Short-Term Investments
(identified cost $4,633)
    $     4,633
Total Investments — 95.6%
(identified cost $78,872,004)
    $79,969,845
Other Assets, Less Liabilities — 4.4%     $ 3,722,068
Net Assets — 100.0%     $83,691,913
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) Non-income producing security.
(2) Restricted security.
(3) 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, 2025, the aggregate value of these securities is $61,083,072 or 73.0% of the Fund's net assets.
(4) Represents a payment-in-kind security which may pay interest in additional principal at the issuer’s discretion.
(5) 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, 2025, the aggregate value of these securities is $89,670 or 0.1% of the Fund's net assets.
(6) Perpetual security with no stated maturity date but may be subject to calls by the issuer.
(7) Security converts to variable rate after the indicated fixed-rate coupon period.
(8) 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.
(9) Amount is less than 0.05%.
(10) This Senior Loan will settle after January 31, 2025, at which time the interest rate will be determined.
(11) For fair value measurement disclosure purposes, security is categorized as Level 3.
(12) May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of January 31, 2025.
 
Forward Foreign Currency Exchange Contracts (OTC)
Currency Purchased Currency Sold Counterparty Settlement
Date
Unrealized
Appreciation
Unrealized
(Depreciation)
USD 91,552 EUR 87,470 Goldman Sachs International 4/30/25 $427 $ —
            $427 $
6

Eaton Vance
Short Duration High Income Fund
January 31, 2025
Portfolio of Investments (Unaudited) — continued

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, 2025, 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 objectives. 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.
Restricted Securities
At January 31, 2025, the Fund owned the following security (representing 0.3% of net assets) which was restricted as to public resale and not registered under the Securities Act of 1933 (excluding Rule 144A securities). The value of restricted securities is determined based on valuations provided by brokers when available, or if not available, they are valued at fair value using methods determined in good faith by or at the direction of the Trustees’ valuation designee.
Description Date(s) of
Acquisition
Shares Cost Value
Common Stocks        
Enviva LLC 12/6/24 11,433 $71,553 $211,510
Total Restricted Securities     $71,553 $211,510
Affiliated Investments
At January 31, 2025, the value of the Fund's investment in funds that may be deemed to be affiliated was $4,633, which represents less than 0.05% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended January 31, 2025 were as follows:
Name Value,
beginning
of period
Purchases Sales
proceeds
Net realized
gain (loss)
Change in
unrealized
appreciation
(depreciation)
Value, end
of period
Dividend
income
Shares,
end of period
Short-Term Investments
Liquidity Fund, Institutional Class(1) $1,266,298 $11,430,698 $(12,692,363) $ — $ — $4,633 $23,270 4,633
(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.
7

Eaton Vance
Short Duration High Income Fund
January 31, 2025
Portfolio of Investments (Unaudited) — continued

At January 31, 2025, 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
Common Stocks $    — $   278,962 $ — $   278,962
Convertible Bonds     —    600,271  —    600,271
Corporate Bonds     — 66,535,613  — 66,535,613
Preferred Stocks 795,464        —  —    795,464
Senior Floating-Rate Loans     — 11,754,847  — 11,754,847
Miscellaneous     —         55  —         55
Short-Term Investments   4,633        —  —      4,633
Total Investments $800,097 $79,169,748 $ — $79,969,845
Forward Foreign Currency Exchange Contracts $    — $       427 $ — $       427
Total $800,097 $79,170,175 $ — $79,970,272
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 January 31, 2025 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 annual or semi-annual financial statements.
8