NPORT-EX 2 EVTMGrowth10.HTM HTML

Eaton Vance

Tax-Managed Growth Fund 1.0

September 30, 2019 (Unaudited)

Eaton Vance Tax-Managed Growth Fund 1.0 (the Fund), a diversified series of Eaton Vance Series Trust, invests substantially all of its assets in Tax-Managed Growth Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At September 30, 2019, the value of the Fund’s investment in the Portfolio was $961,395,685 and the Fund owned 4.9% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.

 

 

 

 

Tax-Managed Growth Portfolio

September 30, 2019

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 98.6%

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 2.9%

 

Arconic, Inc.

      4      $ 104  

Boeing Co. (The)

      899,254        342,139,169  

General Dynamics Corp.

      138,707        25,345,930  

Huntington Ingalls Industries, Inc.

      1,096        232,122  

L3Harris Technologies, Inc.

      650        135,616  

Lockheed Martin Corp.

      75,760        29,550,946  

Northrop Grumman Corp.

      48,050        18,008,660  

Raytheon Co.

      246,559        48,372,410  

Textron, Inc.

      1,025        50,184  

TransDigm Group, Inc.(1)

      847        441,007  

United Technologies Corp.

      805,026        109,902,150  
     

 

 

  
   $ 574,178,298  
     

 

 

  

Air Freight & Logistics — 1.7%

 

C.H. Robinson Worldwide, Inc.

      1,057,598      $ 89,663,159  

Expeditors International of Washington, Inc.

      1,300        96,577  

FedEx Corp.

      309,963        45,121,314  

United Parcel Service, Inc., Class B

      1,600,137        191,728,415  
     

 

 

  
   $ 326,609,465  
     

 

 

  

Airlines — 0.0%(2)

 

American Airlines Group, Inc.

      66,989      $ 1,806,693  

Delta Air Lines, Inc.

      56,768        3,269,837  

Southwest Airlines Co.

      27,758        1,499,210  
     

 

 

  
   $ 6,575,740  
     

 

 

  

Auto Components — 0.6%

 

Adient PLC

      15,055      $ 345,663  

Aptiv PLC

      886,000        77,454,120  

BorgWarner, Inc.

      800        29,344  

Dorman Products, Inc.(1)

      20,445        1,626,195  

Garrett Motion, Inc.(1)

      36,184        360,392  

Gentex Corp.

      1,443,192        39,738,292  
     

 

 

  
   $ 119,554,006  
     

 

 

  

Automobiles — 0.1%

 

Daimler AG

      38,000      $ 1,887,080  

Ford Motor Co.

      1,212,584        11,107,270  

General Motors Co.

      73,598        2,758,453  

Harley-Davidson, Inc.

      20,162        725,227  

Tesla, Inc.(1)

      7,397        1,781,715  

Toyota Motor Corp. ADR

      5,000        672,450  
     

 

 

  
   $ 18,932,195  
     

 

 

  

Banks — 6.0%

 

Bank of America Corp.

      3,251,417      $ 94,843,834  

Bank of Montreal

      4        295  

 

1

 

 

                                                 
Security    Shares      Value  

BB&T Corp.

      1,593,558      $ 85,048,190  

CIT Group, Inc.

      1,490        67,512  

Citigroup, Inc.

      860,598        59,450,110  

Commerce Bancshares, Inc.

      63,157        3,830,472  

CVB Financial Corp.

      268,604        5,605,765  

Fifth Third Bancorp

      1,343,149        36,775,420  

First Republic Bank

      1,200        116,040  

HSBC Holdings PLC

      220,592        1,691,687  

HSBC Holdings PLC ADR

      424        16,226  

Huntington Bancshares, Inc.

      144,510        2,062,158  

ING Groep NV ADR

      131,510        1,374,280  

JPMorgan Chase & Co.

      3,668,344        431,727,405  

KeyCorp

      111,489        1,988,964  

M&T Bank Corp.

      230,611        36,429,620  

Pinnacle Financial Partners, Inc.

      34,686        1,968,431  

PNC Financial Services Group, Inc. (The)

      91,751        12,859,820  

Regions Financial Corp.

      714,736        11,307,124  

Societe Generale SA

      460,793        12,622,095  

Sterling Bancorp

      103,627        2,078,758  

SunTrust Banks, Inc.

      481,054        33,096,515  

SVB Financial Group(1)

      28,107        5,872,958  

Synovus Financial Corp.

      1,565        55,964  

Toronto-Dominion Bank (The)

      4,894        285,124  

U.S. Bancorp

      1,385,901        76,695,761  

Wells Fargo & Co.

      5,047,885        254,615,319  

Western Alliance Bancorp

      23,987        1,105,321  
     

 

 

  
   $     1,173,591,168  
     

 

 

  

Beverages — 2.6%

 

Anheuser-Busch InBev SA/NV ADR

      25,379      $ 2,414,812  

Boston Beer Co., Inc. (The), Class A(1)

      4,730        1,722,098  

Brown-Forman Corp., Class A

      10,699        639,265  

Brown-Forman Corp., Class B

      347,685        21,827,664  

Coca-Cola Co. (The)

      3,479,200        189,407,648  

Constellation Brands, Inc., Class A

      39,872        8,264,668  

Diageo PLC ADR

      8,226        1,345,116  

Keurig Dr Pepper, Inc.

      2,700        73,764  

Molson Coors Brewing Co., Class B

      186,000        10,695,000  

Monster Beverage Corp.(1)

      171,250        9,942,775  

PepsiCo, Inc.

      1,986,049        272,287,318  
     

 

 

  
   $ 518,620,128  
     

 

 

  

Biotechnology — 2.7%

 

AbbVie, Inc.

      1,483,842      $ 112,356,516  

Agios Pharmaceuticals, Inc.(1)

      74,972        2,429,093  

Alexion Pharmaceuticals, Inc.(1)

      470,965        46,126,312  

Alkermes PLC(1)

      5,000        97,550  

Alnylam Pharmaceuticals, Inc.(1)

      188,700        15,175,254  

Amgen, Inc.

      620,866        120,143,780  

Argenx SE ADR(1)

      292,348        33,315,978  

Biogen, Inc.(1)

      104,103        24,237,260  

Bluebird Bio, Inc.(1)

      138,545        12,721,202  

Celgene Corp.(1)

      237,107        23,544,725  

Exact Sciences Corp.(1)

      130,554        11,798,165  

Gilead Sciences, Inc.

      980,135        62,120,956  

 

2

 

 

                                                 
Security    Shares      Value  

Incyte Corp.(1)

      82,222      $ 6,103,339  

Neurocrine Biosciences, Inc.(1)

      64,045        5,771,095  

Regeneron Pharmaceuticals, Inc.(1)

      18,129        5,028,985  

Vertex Pharmaceuticals, Inc.(1)

      342,092        57,957,227  
     

 

 

  
   $ 538,927,437  
     

 

 

  

Building Products — 0.4%

 

A.O. Smith Corp.

      27,845      $ 1,328,485  

Fortune Brands Home & Security, Inc.

      2,923        159,888  

Johnson Controls International PLC

      339,791        14,913,427  

Lennox International, Inc.

      216,960        52,714,771  

Lennox International, Inc.(3)

      25,181        6,116,239  

Masco Corp.

      25,000        1,042,000  

Resideo Technologies, Inc.(1)

      60,308        865,420  
     

 

 

  
   $ 77,140,230  
     

 

 

  

Capital Markets — 4.2%

 

Affiliated Managers Group, Inc.

      58,716      $ 4,893,979  

Ameriprise Financial, Inc.

      216,131        31,792,870  

Bank of New York Mellon Corp. (The)

      474,409        21,448,031  

BlackRock, Inc.

      11,190        4,986,712  

Brookfield Asset Management, Inc., Class A

      88,282        4,686,891  

Cboe Global Markets, Inc.

      175,414        20,156,823  

Charles Schwab Corp. (The)

      3,896,040        162,971,353  

CME Group, Inc.

      207,818        43,920,256  

E*TRADE Financial Corp.

      4,593        200,668  

FactSet Research Systems, Inc.

      11,308        2,747,505  

Federated Investors, Inc., Class B

      549        17,793  

Franklin Resources, Inc.

      211,191        6,094,972  

Goldman Sachs Group, Inc. (The)

      690,787        143,151,790  

Intercontinental Exchange, Inc.

      146,656        13,531,949  

Invesco Ltd.

      1,367        23,157  

Legg Mason, Inc.

      122,902        4,693,627  

LPL Financial Holdings, Inc.

      215,573        17,655,429  

Moody’s Corp.

      246,080        50,404,566  

Morgan Stanley

      2,565,982        109,490,452  

Nasdaq, Inc.

      71,203        7,074,018  

Northern Trust Corp.

      2,500        233,300  

Raymond James Financial, Inc.

      39,363        3,245,873  

S&P Global, Inc.

      244,437        59,882,176  

SEI Investments Co.

      150,000        8,888,250  

State Street Corp.

      506,695        29,991,277  

Stifel Financial Corp.

      112,796        6,472,235  

T. Rowe Price Group, Inc.

      587,312        67,100,396  

UBS Group AG(1)

      9        102  

Waddell & Reed Financial, Inc., Class A

      9,248        158,881  
     

 

 

  
   $ 825,915,331  
     

 

 

  

Chemicals — 1.4%

 

AdvanSix, Inc.(1)

      1,768      $ 45,473  

Air Products and Chemicals, Inc.

      9,369        2,078,606  

Albemarle Corp.

      90,157        6,267,715  

Balchem Corp.

      17,292        1,715,193  

 

3

 

 

                                                 
Security    Shares      Value  

Celanese Corp.

      16,713      $ 2,043,833  

Chemours Co. (The)

      151        2,256  

Corteva, Inc.(1)

      483,746        13,544,888  

Dow, Inc.(1)

      425,901        20,294,183  

DuPont de Nemours, Inc.

      488,934        34,865,884  

Eastman Chemical Co.

      650        47,989  

Ecolab, Inc.

      578,361        114,538,612  

International Flavors & Fragrances, Inc.

      5,000        613,450  

Linde PLC

      6,143        1,190,022  

LyondellBasell Industries NV, Class A

      4,274        382,395  

NewMarket Corp.

      12,318        5,815,205  

PPG Industries, Inc.

      409,020        48,472,960  

Sherwin-Williams Co. (The)

      52,582        28,913,264  

Westlake Chemical Corp.

      1,000        65,520  
     

 

 

  
   $ 280,897,448  
     

 

 

  

Commercial Services & Supplies — 0.2%

 

Copart, Inc.(1)

      3,800      $ 305,254  

Pitney Bowes, Inc.

      14,270        65,214  

Republic Services, Inc.

      1,750        151,462  

Stericycle, Inc.(1)

      8,000        407,440  

Waste Connections, Inc.

      115,655        10,640,260  

Waste Management, Inc.

      202,580        23,296,700  
     

 

 

  
   $ 34,866,330  
     

 

 

  

Communications Equipment — 1.7%

 

Arista Networks, Inc.(1)

      777,596      $ 185,783,236  

Cisco Systems, Inc.

      2,515,750        124,303,207  

Juniper Networks, Inc.

      285,300        7,061,175  

Motorola Solutions, Inc.

      38,385        6,541,188  

Nokia Oyj ADR

      192        972  
     

 

 

  
   $ 323,689,778  
     

 

 

  

Construction & Engineering — 0.0%(2)

 

Fluor Corp.

      2,400      $ 45,912  

Jacobs Engineering Group, Inc.

      83,115        7,605,022  

Quanta Services, Inc.

      2,000        75,600  
     

 

 

  
   $ 7,726,534  
     

 

 

  

Construction Materials — 0.0%(2)

 

Vulcan Materials Co.

      38,764      $ 5,862,667  
     

 

 

  
   $ 5,862,667  
     

 

 

  

Consumer Finance — 1.5%

 

American Express Co.

      1,054,038      $ 124,671,615  

Capital One Financial Corp.

      132,363        12,042,386  

Discover Financial Services

      1,250,867        101,432,805  

LendingClub Corp.(1)

      15,938        208,469  

Navient Corp.

      10,200        130,560  

SLM Corp.

      10,200        90,015  

Synchrony Financial

      1,643,015        56,010,381  
     

 

 

  
   $ 294,586,231  
     

 

 

  

Containers & Packaging — 0.1%

 

Amcor PLC(1)

      259,498      $ 2,530,105  

AptarGroup, Inc.

      65,000        7,699,250  

Avery Dennison Corp.

      2,250        255,533  

 

4

 

 

                                                 
Security    Shares      Value  

Ball Corp.

      53,090      $ 3,865,483  

Crown Holdings, Inc.(1)

      13,787        910,769  

International Paper Co.

      42,284        1,768,317  

Packaging Corp. of America

      7,390        784,079  

Sealed Air Corp.

      6,200        257,362  

Sonoco Products Co.

      390        22,702  

WestRock Co.

      39,303        1,432,594  
     

 

 

  
   $ 19,526,194  
     

 

 

  

Distributors — 0.1%

 

Genuine Parts Co.

      211,037      $ 21,017,175  

LKQ Corp.(1)

      49,518        1,557,341  
     

 

 

  
   $ 22,574,516  
     

 

 

  

Diversified Consumer Services — 0.0%(2)

 

H&R Block, Inc.

      25,610      $ 604,908  

Service Corporation International

      8,100        387,261  
     

 

 

  
   $ 992,169  
     

 

 

  

Diversified Financial Services — 2.5%

 

Berkshire Hathaway, Inc., Class A(1)

      453      $ 141,259,896  

Berkshire Hathaway, Inc., Class B(1)

      1,629,609        338,991,264  
     

 

 

  
   $ 480,251,160  
     

 

 

  

Diversified Telecommunication Services — 0.5%

 

AT&T, Inc.

      712,904      $ 26,976,287  

CenturyLink, Inc.

      5,086        63,473  

Frontier Communications Corp.(1)

      894        775  

Verizon Communications, Inc.

      1,185,329        71,546,459  

Windstream Holdings, Inc.(1)

      821        173  
     

 

 

  
   $ 98,587,167  
     

 

 

  

Electric Utilities — 0.2%

 

Duke Energy Corp.

      31,500      $ 3,019,590  

Edison International

      1,134        85,526  

Entergy Corp.

      1,300        152,568  

Exelon Corp.

      28,310        1,367,656  

NextEra Energy, Inc.

      130,151        30,323,882  

Southern Co. (The)

      102,565        6,335,440  
     

 

 

  
   $ 41,284,662  
     

 

 

  

Electrical Equipment — 0.9%

 

Acuity Brands, Inc.

      11,121      $ 1,499,000  

AMETEK, Inc.

      64,232        5,897,782  

Eaton Corp. PLC

      85,806        7,134,769  

Emerson Electric Co.

      2,161,529        144,519,829  

Hubbell, Inc.

      1,978        259,909  

nVent Electric PLC

      4        88  

Rockwell Automation, Inc.

      112,165        18,484,792  
     

 

 

  
   $ 177,796,169  
     

 

 

  

Electronic Equipment, Instruments & Components — 0.4%

 

Amphenol Corp., Class A

      11,144      $ 1,075,396  

CDW Corp.

      142,695        17,585,732  

Corning, Inc.

      1,592,648        45,422,321  

FLIR Systems, Inc.

      1,750        92,033  

 

5

 

 

                                                 
Security    Shares      Value  

Keysight Technologies, Inc.(1)

      13,835      $ 1,345,454  

Knowles Corp.(1)

      8,001        162,740  

TE Connectivity, Ltd.

      41,846        3,899,210  

Trimble, Inc.(1)

      3,200        124,192  
     

 

 

  
   $ 69,707,078  
     

 

 

  

Energy Equipment & Services — 0.3%

 

Apergy Corp.(1)

      37,118      $ 1,004,042  

Core Laboratories NV

      16,652        776,316  

Frank’s International NV(1)

      1,500,000        7,125,000  

Halliburton Co.

      948,842        17,885,672  

National Oilwell Varco, Inc.

      5,061        107,293  

Schlumberger, Ltd.

      1,174,234        40,123,576  

Transocean, Ltd.(1)

      3,626        16,208  
     

 

 

  
   $ 67,038,107  
     

 

 

  

Entertainment — 2.3%

 

Activision Blizzard, Inc.

      218,092      $ 11,541,429  

Electronic Arts, Inc.(1)

      49,120        4,804,918  

Liberty Braves Group, Series A(1)

      1,236        34,398  

Liberty Braves Group, Series C(1)

      2,473        68,626  

Liberty Formula One, Series A(1)

      3,091        122,373  

Liberty Formula One, Series C(1)

      6,183        257,151  

Live Nation Entertainment, Inc.(1)

      43,744        2,901,977  

Madison Square Garden Co. (The), Class A(1)

      1,000        263,520  

Netflix, Inc.(1)

      154,600        41,374,052  

Spotify Technology SA(1)

      12,532        1,428,648  

Viacom, Inc., Class B

      371,798        8,934,306  

Walt Disney Co. (The)

      2,959,327        385,659,494  
     

 

 

  
   $ 457,390,892  
     

 

 

  

Equity Real Estate Investment Trusts (REITs) — 0.1%

 

American Tower Corp.

      44,591      $ 9,860,408  

AvalonBay Communities, Inc.

      7,000        1,507,310  

Host Hotels & Resorts, Inc.

      222,765        3,851,607  

ProLogis, Inc.

      28,120        2,396,386  

Public Storage

      49        12,018  

Simon Property Group, Inc.

      25,563        3,978,882  

Skechers U.S.A., Inc., Class A(3)

      100,000        3,733,132  
     

 

 

  
   $ 25,339,743  
     

 

 

  

Food & Staples Retailing — 2.1%

 

Costco Wholesale Corp.

      890,815      $ 256,652,710  

Kroger Co. (The)

      145,541        3,752,047  

Sprouts Farmers Market, Inc.(1)

      1,554,670        30,067,318  

Sysco Corp.

      442,713        35,151,412  

Walgreens Boots Alliance, Inc.

      650,624        35,986,013  

Walmart, Inc.

      423,689        50,283,411  
     

 

 

  
   $ 411,892,911  
     

 

 

  

Food Products — 1.9%

 

Archer-Daniels-Midland Co.

      307,441      $ 12,626,602  

Campbell Soup Co.

      749,720        35,176,862  

Conagra Brands, Inc.

      499,875        15,336,165  

Flowers Foods, Inc.

      261,924        6,058,302  

 

6

 

 

                                                 
Security    Shares      Value  

General Mills, Inc.

      88,548      $ 4,880,766  

Hain Celestial Group, Inc. (The)(1)

      17,240        370,229  

Hershey Co. (The)

      555,434        86,086,716  

Hormel Foods Corp.

      289,691        12,668,187  

JM Smucker Co. (The)

      19,434        2,138,129  

Kellogg Co.

      67,139        4,320,394  

Kraft Heinz Co. (The)

      77,171        2,155,772  

Lamb Weston Holdings, Inc.

      115,108        8,370,654  

McCormick & Co., Inc.

      62,860        9,825,018  

Mondelez International, Inc., Class A

      792,632        43,848,402  

Nestle SA

      1,118,348        121,289,822  

Tyson Foods, Inc., Class A

      27,528        2,371,262  
     

 

 

  
   $ 367,523,282  
     

 

 

  

Health Care Equipment & Supplies — 2.5%

 

Abbott Laboratories

      1,869,735      $ 156,440,728  

ABIOMED, Inc.(1)

      80,924        14,395,570  

Alcon, Inc.(1)

      22,924        1,336,240  

Align Technology, Inc.(3)

      18,700        3,382,189  

Avanos Medical, Inc.(1)

      542        20,303  

Baxter International, Inc.

      34,115        2,984,039  

Becton, Dickinson and Co.

      13,723        3,471,370  

Boston Scientific Corp.(1)

      90,143        3,667,919  

Danaher Corp.

      145,360        20,994,345  

DexCom, Inc.(1)

      94,962        14,172,129  

Edwards Lifesciences Corp.(1)

      10,027        2,205,038  

Hologic, Inc.(1)

      154,947        7,823,274  

Integra LifeSciences Corp.(3)

      520,000        31,220,782  

Intuitive Surgical, Inc.(1)

      139,737        75,448,198  

Medtronic PLC

      533,984        58,001,342  

Penumbra, Inc.(1)

      75,462        10,148,884  

Smith & Nephew PLC ADR

      5,500        264,715  

Stryker Corp.

      271,713        58,771,522  

Varian Medical Systems, Inc.(1)

      25,609        3,049,776  

Zimmer Biomet Holdings, Inc.

      151,526        20,799,974  
     

 

 

  
   $ 488,598,337  
     

 

 

  

Health Care Providers & Services — 1.0%

 

Acadia Healthcare Co., Inc.(1)

      32,000      $ 994,560  

Anthem, Inc.

      144,301        34,646,670  

Cardinal Health, Inc.

      29,103        1,373,371  

Centene Corp.(1)

      61,728        2,670,353  

Cigna Corp.(1)

      26,911        4,084,821  

Covetrus, Inc.(1)

      10,538        125,297  

CVS Health Corp.

      1,240,436        78,234,299  

DaVita, Inc.(1)

      157,055        8,963,129  

HCA Healthcare, Inc.

      187,964        22,634,625  

Henry Schein, Inc.(1)

      26,346        1,672,971  

Humana, Inc.

      1,323        338,251  

McKesson Corp.

      6,096        833,079  

Molina Healthcare, Inc.(1)

      151,406        16,612,266  

UnitedHealth Group, Inc.

      109,817        23,865,430  
     

 

 

  
   $ 197,049,122  
     

 

 

  

 

7

 

 

                                                 
Security    Shares      Value  

Health Care Technology — 0.0%(2)

 

Cerner Corp.

      17,440      $ 1,188,885  
     

 

 

  
   $ 1,188,885  
     

 

 

  

Hotels, Restaurants & Leisure — 4.2%

 

Aramark

      111,669      $ 4,866,535  

Carnival Corp.

      22,069        964,636  

Chipotle Mexican Grill, Inc.(1)

      121,117        101,795,205  

Choice Hotels International, Inc.

      30,002        2,668,978  

Darden Restaurants, Inc.

      52,839        6,246,627  

Domino’s Pizza, Inc.

      148        36,199  

Dunkin’ Brands Group, Inc.

      6,300        499,968  

Hilton Worldwide Holdings, Inc.

      106,201        9,888,375  

Hyatt Hotels Corp., Class A

      653,442        48,139,072  

Marriott International, Inc., Class A

      1,575,495        195,944,313  

McDonald’s Corp.

      63,948        13,730,275  

MGM Resorts International

      501,341        13,897,173  

Starbucks Corp.

      4,049,515        358,058,116  

Texas Roadhouse, Inc.(3)

      18,691        981,160  

Texas Roadhouse, Inc.

      398,116        20,909,052  

Yum China Holdings, Inc.

      366,518        16,650,913  

Yum! Brands, Inc.

      329,811        37,410,462  
     

 

 

  
   $ 832,687,059  
     

 

 

  

Household Durables — 0.2%

 

D.R. Horton, Inc.

      5,956      $ 313,941  

Leggett & Platt, Inc.

      53,479        2,189,430  

Lennar Corp., Class A

      8,589        479,696  

Lennar Corp., Class B

      21        932  

Mohawk Industries, Inc.(1)

      4,820        598,017  

Newell Brands, Inc.

      479,252        8,971,597  

NVR, Inc.(1)

      1,822        6,773,012  

PulteGroup, Inc.

      184,783        6,753,819  

Tempur Sealy International, Inc.(1)

      135,025        10,423,930  

Toll Brothers, Inc.

      2,223        91,254  

Whirlpool Corp.

      1,391        220,279  
     

 

 

  
   $ 36,815,907  
     

 

 

  

Household Products — 2.0%

 

Church & Dwight Co., Inc.

      153,589      $ 11,556,036  

Clorox Co. (The)

      15,801        2,399,698  

Colgate-Palmolive Co.

      1,567,608        115,234,864  

Energizer Holdings, Inc.

      9,500        414,010  

Kimberly-Clark Corp.

      80,958        11,500,084  

Procter & Gamble Co. (The)

      2,083,524        259,148,715  
     

 

 

  
   $ 400,253,407  
     

 

 

  

Independent Power and Renewable Electricity Producers — 0.0%(2)

 

AES Corp. (The)

      1,730      $ 28,268  

NRG Energy, Inc.

      461        18,256  
     

 

 

  
   $ 46,524  
     

 

 

  

 

8

 

 

                                                 
Security    Shares      Value  

Industrial Conglomerates — 1.3%

 

3M Co.

      725,002      $ 119,190,329  

Carlisle Cos., Inc.

      55,809        8,122,442  

General Electric Co.

      5,465,728        48,863,608  

Honeywell International, Inc.

      389,967        65,982,417  

Roper Technologies, Inc.

      20,247        7,220,080  
     

 

 

  
   $ 249,378,876  
     

 

 

  

Insurance — 1.8%

 

Aegon NV ADR

      5      $ 21  

Aflac, Inc.

      706,153        36,945,925  

Alleghany Corp.(1)

      3,985        3,179,074  

Allstate Corp. (The)

      37,408        4,065,501  

American International Group, Inc.

      160,299        8,928,654  

Aon PLC

      131,568        25,467,618  

Arch Capital Group, Ltd.(1)

      239,759        10,065,083  

Arthur J. Gallagher & Co.

      444,814        39,841,990  

Assurant, Inc.

      11,200        1,409,184  

Brighthouse Financial, Inc.(1)

      936        37,880  

Chubb, Ltd.

      33,212        5,361,745  

Cincinnati Financial Corp.

      175,349        20,457,968  

Fidelity National Financial, Inc.

      55,779        2,477,145  

Globe Life, Inc.

      432,532        41,419,264  

Hartford Financial Services Group, Inc.

      83,487        5,060,147  

Lincoln National Corp.

      2,950        177,944  

Markel Corp.(1)

      6,362        7,519,248  

Marsh & McLennan Cos., Inc.

      153,381        15,345,769  

MetLife, Inc.

      16,911        797,523  

Progressive Corp. (The)

      1,331,288        102,841,998  

Prudential Financial, Inc.

      20,261        1,822,477  

Reinsurance Group of America, Inc.

      6,425        1,027,229  

Travelers Cos., Inc. (The)

      130,952        19,471,253  

Trisura Group, Ltd.(1)

      124        2,781  

Willis Towers Watson PLC

      101        19,490  

WR Berkley Corp.

      2,250        162,517  
     

 

 

  
   $ 353,905,428  
     

 

 

  

Interactive Media & Services — 7.5%

 

Alphabet, Inc., Class A(1)

      300,207      $ 366,594,776  

Alphabet, Inc., Class C(1)

      379,229        462,280,151  

Baidu, Inc. ADR(1)

      72,500        7,450,100  

CarGurus, Inc.(1)

      37,803        1,170,003  

Cars.com, Inc.(1)

      400        3,592  

Facebook, Inc., Class A(1)

      3,401,272        605,698,518  

IAC/InterActiveCorp.(1)

      6,680        1,456,039  

Twitter, Inc.(1)

      568,044        23,403,413  

Yelp, Inc.(1)

      149,508        5,195,403  
     

 

 

  
   $     1,473,251,995  
     

 

 

  

 

9

 

 

                                                 
Security    Shares      Value  

Internet & Direct Marketing Retail — 4.4%

 

Alibaba Group Holding, Ltd. ADR(1)

      195,969      $ 32,771,896  

Altaba, Inc.(1)

      114,070        2,222,083  

Amazon.com, Inc.(1)

      388,200        673,880,262  

Booking Holdings, Inc.(1)

      52,136        102,322,635  

Ctrip.com International, Ltd. ADR(1)

      5,200        152,308  

eBay, Inc.

      1,342,916        52,346,866  

Expedia Group, Inc.

      2,670        358,875  

Qurate Retail, Inc., Series A(1)

      97,587        1,006,610  

Wayfair, Inc., Class A(1)

      60,453        6,777,990  
     

 

 

  
   $ 871,839,525  
     

 

 

  

IT Services — 3.5%

 

Accenture PLC, Class A

      818,257      $ 157,391,734  

Akamai Technologies, Inc.(1)

      226,957        20,739,331  

Alliance Data Systems Corp.

      686        87,897  

Automatic Data Processing, Inc.

      173,317        27,976,830  

Broadridge Financial Solutions, Inc.

      50,205        6,247,008  

CACI International, Inc., Class A(1)

      13,584        3,141,436  

Cognizant Technology Solutions Corp., Class A

      6,590        397,146  

Fidelity National Information Services, Inc.

      18,757        2,490,179  

Fiserv, Inc.(1)

      670,623        69,469,837  

Global Payments, Inc.

      4        636  

International Business Machines Corp.

      547,843        79,667,329  

Mastercard, Inc., Class A

      80,067        21,743,795  

Okta, Inc.(1)

      183,039        18,022,020  

Paychex, Inc.

      265,773        21,998,031  

PayPal Holdings, Inc.(1)

      286,072        29,634,198  

Sabre Corp.

      157,290        3,522,510  

Shopify, Inc., Class A(1)

      12,524        3,903,230  

Square, Inc., Class A(1)

      234,588        14,532,727  

Twilio, Inc., Class A(1)

      444,521        48,879,529  

VeriSign, Inc.(1)

      19,370        3,653,763  

Visa, Inc., Class A

      858,357        147,645,988  

Western Union Co. (The)

      83,244        1,928,763  
     

 

 

  
   $ 683,073,917  
     

 

 

  

Leisure Products — 0.0%(2)

 

Hasbro, Inc.

      786      $ 93,290  

Mattel, Inc.(1)

      3,941        44,888  

Polaris Industries, Inc.

      42,099        3,705,133  
     

 

 

  
   $ 3,843,311  
     

 

 

  

Life Sciences Tools & Services — 0.5%

 

Agilent Technologies, Inc.

      658,756      $ 50,480,472  

Illumina, Inc.(1)

      113,824        34,627,537  

IQVIA Holdings, Inc.(1)

      34,269        5,119,103  

Thermo Fisher Scientific, Inc.

      52,843        15,391,581  
     

 

 

  
   $ 105,618,693  
     

 

 

  

Machinery — 1.6%

 

Caterpillar, Inc.

      271,825      $ 34,334,216  

Cummins, Inc.

      525        85,402  

Deere & Co.

      182,950        30,860,006  

Donaldson Co., Inc.

      138,864        7,232,037  

 

10

 

 

                                                 
Security    Shares      Value  

Dover Corp.

      340,788      $ 33,928,853  

Fortive Corp.

      29,955        2,053,715  

Illinois Tool Works, Inc.

      1,059,776        165,844,346  

Ingersoll-Rand PLC

      26,539        3,269,870  

Lincoln Electric Holdings, Inc.

      53,660        4,655,542  

Manitowoc Co., Inc. (The)(1)

      11,435        142,937  

Middleby Corp.(1)

      2,000        233,800  

PACCAR, Inc.

      186,094        13,028,441  

Parker-Hannifin Corp.

      18,857        3,405,763  

Pentair PLC

      4        151  

Snap-on, Inc.

      29,674        4,645,168  

Stanley Black & Decker, Inc.

      288        41,590  

Trinity Industries, Inc.

      11,100        218,448  

WABCO Holdings, Inc.(1)

      3,080        411,950  

Wabtec Corp.

      14,082        1,011,933  

Welbilt, Inc.(1)

      45,741        771,193  

Xylem, Inc.

      100,350        7,989,867  
     

 

 

  
   $ 314,165,228  
     

 

 

  

Media — 0.9%

 

CBS Corp., Class B

      550,412      $ 22,220,132  

Comcast Corp., Class A

      2,534,965        114,276,222  

Discovery, Inc., Class A(1)

      23,301        620,506  

Discovery, Inc., Class C(1)

      207        5,096  

Factset Research Systems, Inc.(3)

      75,000        18,213,639  

Fox Corp., Class A

      5,412        170,667  

Interpublic Group of Cos., Inc. (The)

      726        15,653  

Liberty Broadband Corp., Series A(1)

      3,091        323,071  

Liberty Broadband Corp., Series C(1)

      6,183        647,175  

Liberty Global PLC, Class A(1)

      8,854        219,137  

Liberty Global PLC, Class C(1)

      27,614        656,937  

Liberty Latin America Ltd., Class A(1)

      1,546        26,390  

Liberty Latin America Ltd., Class C(1)

      4,825        82,483  

Liberty SiriusXM Group, Series A(1)

      12,367        514,096  

Liberty SiriusXM Group, Series C(1)

      24,734        1,037,839  

News Corp., Class A

      24        334  

Omnicom Group, Inc.

      81,796        6,404,627  

Sinclair Broadcast Group, Inc., Class A

      2,500        106,850  

Sirius XM Holdings, Inc.

      53,280        333,266  

TEGNA, Inc.

      1,201        18,652  
     

 

 

  
   $ 165,892,772  
     

 

 

  

Metals & Mining — 0.1%

 

Alcoa Corp.(1)

      5,862      $ 117,650  

Cleveland-Cliffs, Inc.

      527,743        3,810,305  

Freeport-McMoRan, Inc.

      44,208        423,071  

Glencore PLC(1)

      598,405        1,803,322  

Nucor Corp.

      233,185        11,871,448  

Sibanye Gold, Ltd.(1)

      64        89  

Southern Copper Corp.

      12,126        413,860  

Steel Dynamics, Inc.

      232,124        6,917,295  
     

 

 

  
   $ 25,357,040  
     

 

 

  

 

11

 

 

                                                 
Security    Shares      Value  

Multi-Utilities — 0.1%

 

Consolidated Edison, Inc.

      52,125      $ 4,924,249  

Dominion Energy, Inc.

      13,510        1,094,850  

DTE Energy Co.

      64,168        8,531,777  

Sempra Energy

      66,344        9,793,038  

WEC Energy Group, Inc.

      8,855        842,111  
     

 

 

  
   $ 25,186,025  
     

 

 

  

Multiline Retail — 0.1%

 

Dollar Tree, Inc.(1)

      139,458      $ 15,920,525  

Nordstrom, Inc.

      7,429        250,134  

Target Corp.

      36,405        3,892,059  
     

 

 

  
   $ 20,062,718  
     

 

 

  

Oil, Gas & Consumable Fuels — 2.7%

 

Antero Resources Corp.(1)

      1,876,986      $ 5,668,498  

California Resources Corp.(1)

      275        2,805  

Cheniere Energy, Inc.(1)

      642,304        40,503,690  

Chesapeake Energy Corp.(1)

      284        400  

Chevron Corp.

      991,209        117,557,387  

Concho Resources, Inc.

      40,000        2,716,000  

ConocoPhillips

      288,791        16,455,311  

Devon Energy Corp.

      1,378,677        33,170,969  

EOG Resources, Inc.

      879,557        65,280,721  

EQT Corp.

      180,474        1,920,243  

Equitrans Midstream Corp.

      144,379        2,100,714  

Exxon Mobil Corp.

      2,763,588        195,136,949  

Hess Corp.

      64,190        3,882,211  

HollyFrontier Corp.

      8,000        429,120  

Kinder Morgan, Inc.

      50,432        1,039,404  

Marathon Oil Corp.

      123,481        1,515,112  

Marathon Petroleum Corp.

      168,145        10,214,809  

Murphy Oil Corp.

      145,312        3,212,848  

Occidental Petroleum Corp.

      101,169        4,498,985  

Phillips 66

      182,157        18,652,877  

Pioneer Natural Resources Co.

      15,875        1,996,599  

Range Resources Corp.

      664,831        2,539,654  

Royal Dutch Shell PLC, Class A, ADR

      40,356        2,374,951  

Southwestern Energy Co.(1)

      720        1,390  

Valero Energy Corp.

      28,568        2,435,136  

Williams Cos., Inc. (The)

      20,025        481,802  

WPX Energy, Inc.(1)

      666        7,053  
     

 

 

  
   $ 533,795,638  
     

 

 

  

Personal Products — 0.1%

 

Estee Lauder Cos., Inc. (The), Class A

      39,043      $ 7,767,605  

Unilever NV - NY Shares

      19,032        1,142,491  

Unilever PLC ADR

      18,708        1,124,351  
     

 

 

  
   $ 10,034,447  
     

 

 

  

Pharmaceuticals — 5.1%

 

Allergan PLC

      92,099      $ 15,499,341  

AstraZeneca PLC ADR

      216,121        9,632,513  

Bristol-Myers Squibb Co.

      2,095,768        106,276,395  

Catalent, Inc.(1)

      45,943        2,189,643  

 

12

 

 

                                                 
Security    Shares      Value  

Eli Lilly & Co.

      1,916,376      $ 214,308,328  

GlaxoSmithKline PLC ADR

      1,468        62,654  

Johnson & Johnson

      2,439,263        315,591,847  

Mallinckrodt PLC(1)

      6        14  

Merck & Co., Inc.

      2,125,936        178,961,292  

Novartis AG ADR

      123,355        10,719,550  

Novo Nordisk A/S ADR

      1,287,041        66,540,020  

Pfizer, Inc.

      2,104,577        75,617,452  

Roche Holding AG ADR

      35,808        1,305,202  

Sanofi ADR

      5,100        236,283  

Takeda Pharmaceutical Co., Ltd. ADR(1)

      31,905        548,766  

Teva Pharmaceutical Industries, Ltd. ADR(1)

      576,992        3,969,705  

Zoetis, Inc.

      30,891        3,848,710  
     

 

 

  
   $     1,005,307,715  
     

 

 

  

Professional Services — 0.2%

 

Equifax, Inc.

      12,654      $ 1,780,038  

Nielsen Holdings PLC

      72,356        1,537,565  

On Assignment, Inc.(1)

      228,139        14,340,818  

Verisk Analytics, Inc.

      102,837        16,262,643  
     

 

 

  
   $ 33,921,064  
     

 

 

  

Road & Rail — 1.0%

 

Canadian National Railway Co.

      405,943      $ 36,478,038  

Canadian Pacific Railway, Ltd.

      942        209,557  

CSX Corp.

      471,052        32,629,772  

Kansas City Southern

      12,000        1,596,120  

Lyft, Inc., Class A(1)

      34,899        1,425,275  

Norfolk Southern Corp.

      238,493        42,847,653  

Union Pacific Corp.

      435,536        70,548,121  
     

 

 

  
   $ 185,734,536  
     

 

 

  

Semiconductors & Semiconductor Equipment — 5.5%

 

Analog Devices, Inc.

      635,826      $ 71,040,839  

Applied Materials, Inc.

      195,223        9,741,628  

ASML Holding NV - NY Shares

      12,063        2,996,691  

Broadcom, Inc.

      89,633        24,744,982  

Cypress Semiconductor Corp.

      107,346        2,505,456  

Intel Corp.

      7,255,880        373,895,496  

Lam Research Corp.

      49,213        11,373,616  

Marvell Technology Group, Ltd.

      95,391        2,381,913  

Microchip Technology, Inc.

      577,298        53,636,757  

Micron Technology, Inc.(1)

      231,291        9,910,819  

NVIDIA Corp.(3)

      19,186        3,338,037  

NVIDIA Corp.

      455,735        79,329,792  

Qorvo, Inc.(1)

      13,586        1,007,266  

QUALCOMM, Inc.

      3,890,515        296,768,484  

Texas Instruments, Inc.

      1,046,809        135,289,595  

Versum Materials, Inc.

      1,129        59,758  

Xilinx, Inc.

      105,444        10,112,080  
     

 

 

  
   $     1,088,133,209  
     

 

 

  

Software — 6.8%

 

Adobe, Inc.(1)

      393,845      $ 108,799,681  

ANSYS, Inc.(1)

      4,596        1,017,371  

Autodesk, Inc.(1)

      17,970        2,654,169  

 

13

 

 

                                                 
Security    Shares      Value  

Box, Inc., Class A(1)

      176,143      $ 2,916,928  

Cadence Design Systems, Inc.(1)

      559,754        36,988,544  

CDK Global, Inc.

      3        144  

Check Point Software Technologies, Ltd.(1)

      151,500        16,589,250  

Citrix Systems, Inc.

      6,649        641,761  

Coupa Software, Inc.(1)

      28,188        3,652,319  

DocuSign, Inc.(1)

      1,109,010        68,669,899  

Dropbox, Inc., Class A(1)

      1,553,027        31,324,555  

Envestnet, Inc.(1)

      65,000        3,685,500  

FireEye, Inc.(1)

      82,732        1,103,645  

Fortinet, Inc.(1)

      20,179        1,548,940  

Guidewire Software, Inc.(1)

      67,000        7,060,460  

Intuit, Inc.

      82,728        22,000,684  

LogMeIn, Inc.

      1,026        72,805  

Manhattan Associates, Inc.(1)

      56,873        4,587,945  

Microsoft Corp.

      3,927,932        546,100,386  

Nutanix, Inc., Class A(1)

      18,402        483,053  

Oracle Corp.

      1,350,022        74,291,711  

Palo Alto Networks, Inc.(1)

      178,467        36,376,929  

Paycom Software, Inc.(1)

      550,825        115,392,329  

Proofpoint, Inc.(1)

      34,904        4,504,361  

salesforce.com, Inc.(1)

      264,101        39,203,152  

ServiceNow, Inc.(1)

      177,587        45,080,460  

Slack Technologies, Inc., Class A(1)

      856,917        20,334,640  

Splunk, Inc.(1)

      400,991        47,260,799  

Symantec Corp.

      194,276        4,590,742  

Synopsys, Inc.(1)

      18,742        2,572,340  

Teradata Corp.(1)

      200        6,200  

Tyler Technologies, Inc.(1)

      232,333        60,987,413  

Workday, Inc., Class A(1)

      167,616        28,488,015  
     

 

 

  
   $     1,338,987,130  
     

 

 

  

Specialty Retail — 2.4%

 

Advance Auto Parts, Inc.

      78,893      $ 13,048,902  

AutoNation, Inc.(1)

      13,540        686,478  

AutoZone, Inc.(1)

      2,475        2,684,434  

Bed Bath & Beyond, Inc.

      22,000        234,080  

Best Buy Co., Inc.

      291,979        20,143,631  

Burlington Stores, Inc.(1)

      17,552        3,507,241  

CarMax, Inc.(1)

      6,276        552,288  

Dick’s Sporting Goods, Inc.

      35,000        1,428,350  

Gap, Inc. (The)

      154,138        2,675,836  

GNC Holdings, Inc., Class A(1)

      900        1,926  

Home Depot, Inc. (The)(3)

      11,095        2,573,490  

Home Depot, Inc. (The)

      41,738        9,684,051  

L Brands, Inc.

      307,212        6,018,283  

Lowe’s Cos., Inc.

      996,668        109,593,613  

O’Reilly Automotive, Inc.(1)

      158,453        63,145,105  

Ross Stores, Inc.(3)

      60,000        6,589,023  

Ross Stores, Inc.(3)

      50,000        5,489,754  

Ross Stores, Inc.(3)

      15,000        1,646,926  

Ross Stores, Inc.

      420,262        46,165,781  

 

14

 

 

                                                 
Security    Shares      Value  

Signet Jewelers, Ltd.

      65,986      $ 1,105,925  

Tiffany & Co.

      14,845        1,375,092  

TJX Cos., Inc. (The)

      2,082,986        116,105,640  

Tractor Supply Co.

      244,964        22,154,544  

Ulta Beauty, Inc.(1)

      101,010        25,318,156  
     

 

 

  
   $ 461,928,549  
     

 

 

  

Technology Hardware, Storage & Peripherals — 3.4%

 

Apple, Inc.

      2,777,470      $ 622,069,956  

Dell Technologies, Class C(1)

      2,415        125,242  

Hewlett Packard Enterprise Co.

      381,616        5,789,114  

NetApp, Inc.

      481,045        25,259,673  

Pure Storage, Inc., Class A(1)

      1,300,000        22,022,000  
     

 

 

  
   $ 675,265,985  
     

 

 

  

Textiles, Apparel & Luxury Goods — 1.6%

 

Hanesbrands, Inc.

      221,909      $ 3,399,646  

Kontoor Brands, Inc.(1)

      37,542        1,317,724  

NIKE, Inc., Class B

      3,076,398        288,935,300  

Under Armour, Inc., Class A(1)

      2,400        47,856  

VF Corp.

      273,527        24,341,168  
     

 

 

  
   $ 318,041,694  
     

 

 

  

Thrifts & Mortgage Finance — 0.0%(2)

 

Essent Group, Ltd.

      48,156      $ 2,295,597  
     

 

 

  
   $ 2,295,597  
     

 

 

  

Tobacco — 0.5%

 

Altria Group, Inc.

      640,429      $ 26,193,546  

British American Tobacco PLC ADR

      3,399        125,423  

Philip Morris International, Inc.

      939,405        71,329,022  
     

 

 

  
   $ 97,647,991  
     

 

 

  

Trading Companies & Distributors — 0.2%

 

Fastenal Co.

      979,228      $ 31,991,379  

United Rentals, Inc.(1)

      6,000        747,840  

W.W. Grainger, Inc.

      7,012        2,083,616  
     

 

 

  
   $ 34,822,835  
     

 

 

  

Water Utilities — 0.0%(2)

      

American Water Works Co., Inc.

      1,900      $ 236,037  
     

 

 

  
      $ 236,037  
     

 

 

  

Wireless Telecommunication Services — 0.0%(2)

      

America Movil SAB de CV, Series L, ADR

      270,852      $ 4,024,861  

Sprint Corp.(1)

      1        6  

Vodafone Group PLC ADR

      5        99  
     

 

 

  
      $ 4,024,966  
     

 

 

  

Total Common Stocks
(identified cost $10,751,118,945)

       $     19,405,969,198  
     

 

 

  

Rights — 0.0%(2)

      
Security    Shares      Value  

Pharmaceuticals — 0.0%(2)

      

Sanofi, Exp. 12/31/20(1)

      6,984      $ 3,981  
     

 

 

  

 

15

 

 

                                                 
              Value  

Total Rights
(identified cost $16,440)

       $ 3,981  
     

 

 

  

Short-Term Investments — 1.4%

      
Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 2.09%(4)

      277,325,624      $ 277,297,892  
     

 

 

  

Total Short-Term Investments
(identified cost $277,320,301)

       $ 277,297,892  
     

 

 

  

Total Investments — 100.0%
(identified cost $11,028,455,686)

       $ 19,683,271,071  
     

 

 

  

Other Assets, Less Liabilities — (0.0)%(2)

       $ (6,385,485 ) 
     

 

 

  

Net Assets — 100.0%

       $ 19,676,885,586  
     

 

 

  

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

 

(1)

Non-income producing security.

 

(2)

Amount is less than 0.05%.

 

(3)

Restricted security.

 

(4)

Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of September 30, 2019.

Abbreviations:

 

ADR

   -   American Depositary Receipt

At September 30, 2019, the Portfolio owned the following securities (representing 0.4% of net assets) which were restricted as to public resale and not registered under the Securities Act of 1933. The Portfolio has various registration rights (exercisable under a variety of circumstances) with respect to these securities. The value of these 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.

 

                                                                                                                            
Common Stocks    Date of
Acquisition		      Eligible for
Resale		      Shares      Cost      Value  

Align Technology, Inc.

      6/20/19        6/20/20        18,700      $ 5,547,577      $ 3,382,189  

Factset Research Systems, Inc.

      9/19/19        9/19/20        75,000        21,214,388        18,213,639  

Home Depot, Inc. (The)

      6/20/19        6/20/20        11,095        2,305,710        2,573,490  

Integra LifeSciences Corp.

      9/19/19        9/19/20        520,000        31,704,140        31,220,782  

Lennox International, Inc.

      6/20/19        6/20/20        25,181        6,827,920        6,116,239  

NVIDIA Corp.

      9/19/19        9/19/20        19,186        3,451,370        3,338,037  

Ross Stores, Inc.

      3/21/19        3/21/20        50,000        4,573,000        5,489,754  

Ross Stores, Inc.

      6/20/19        6/20/20        60,000        6,199,078        6,589,023  

Ross Stores, Inc.

      9/19/19        9/19/20        15,000        1,629,835        1,646,926  

Skechers U.S.A., Inc., Class A

      9/19/19        9/19/20        100,000        3,453,272        3,733,132  

Texas Roadhouse, Inc.

      9/19/19        9/19/20        18,691        1,000,029        981,160  
           

 

 

     

 

 

  

Total Restricted Securities

             $ 87,906,319      $ 83,284,371  
           

 

 

     

 

 

  

 

 

16

 

 

At September 30, 2019, the value of the Portfolio’s investment in affiliated funds was $277,297,892, which represents 1.4% of the Portfolio’s net assets. Transactions in affiliated funds by the Portfolio for the fiscal year to date ended September 30, 2019 were as follows:

 

                                                                                                                                                                                                       

Name of affiliated
fund

    Value,
beginning of
period		      Purchases      Sales proceeds     Net realized
gain (loss)		      Change in
unrealized
appreciation
(depreciation)		     Value, end of
period		      Dividend
income		      Units, end of
period		  

Short-Term Investments

 

Eaton Vance Cash Reserves Fund, LLC, 2.09%

    $ 234,953,084      $ 277,557,691      $ (235,206,036 )    $ 2,811      $ (9,658 )    $ 277,297,892      $ 4,074,344        277,325,624  

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 September 30, 2019, the hierarchy of inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:

 

Asset Description    Level 1      Level 2      Level 3      Total  

Common Stocks

            

Communication Services

    $ 2,180,934,153      $ 18,213,639      $ —      $ 2,199,147,792  

Consumer Discretionary

      2,689,991,296        17,280,353        —        2,707,271,649  

Consumer Staples

      1,684,682,344        121,289,822        —        1,805,972,166  

Energy

      600,833,745        —        —        600,833,745  

Financials

      3,116,231,133        14,313,782        —        3,130,544,915  

Health Care

      2,302,087,218        34,602,971        —        2,336,690,189  

Industrials

      2,016,799,066        6,116,239        —        2,022,915,305  

Information Technology

      4,175,519,060        3,338,037        —        4,178,857,097  

Materials

      329,839,938        1,803,411        —        331,643,349  

Real Estate

      21,606,610        3,733,133        —        25,339,743  

Utilities

      66,753,248        —        —        66,753,248  

Total Common Stocks

    $ 19,185,277,811      $ 220,691,387 *     $ —      $ 19,405,969,198  

Rights

    $ 3,981      $ —      $ —      $ 3,981  

Short-Term Investments

      —        277,297,892        —        277,297,892  

Total Investments

    $     19,185,281,792      $     497,989,279      $     —      $     19,683,271,071  

 

*

Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

For information on the Portfolio’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Portfolio’s most recent financial statements included in its semiannual or annual report to shareholders.

 

17