Eaton Vance Limited Duration Income Fund
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-CSR
CERTIFIED
SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act File Number: 811-21323
Eaton Vance Limited Duration Income Fund
(Exact Name of Registrant as Specified in Charter)
Two
International Place, Boston, Massachusetts 02110
(Address of Principal Executive Offices)
Maureen A. Gemma
Two
International Place, Boston, Massachusetts 02110
(Name and Address of Agent for Services)
(617) 482-8260
(Registrant’s Telephone Number)
March 31
Date of
Fiscal Year End
September 30, 2019
Date of Reporting Period
Item 1. Reports to Stockholders
Eaton Vance
Limited Duration Income
Fund (EVV)
Semiannual Report
September 30, 2019
Important Note. Beginning on January 1, 2021, as permitted by regulations adopted
by the Securities and Exchange Commission, paper copies of the Fund’s annual and semi-annual shareholder reports will no longer be sent by mail unless you specifically request paper copies of the reports. Instead, the reports will be made
available on the Fund’s website
(funds.eatonvance.com/closed-end-fund-and-term-trust-documents.php), and you will be
notified by mail each time a report is posted and provided with a website address to access the report.
If you already elected to receive shareholder
reports electronically, you will not be affected by this change and you need not take any action. If you hold shares at the Fund’s transfer agent, American Stock Transfer & Trust Company, LLC (“AST”), you may elect to receive
shareholder reports and other communications from the Fund electronically by contacting AST. If you own your shares through a financial intermediary (such as a broker-dealer or bank), you must contact your financial intermediary to sign up.
You may elect to receive all future Fund shareholder reports in paper free of charge. If you hold shares at AST, you can inform AST that you wish to
continue receiving paper copies of your shareholder reports by calling 1-866-439-6787. If you own these shares through a
financial intermediary, you must contact your financial intermediary or follow instructions included with this disclosure, if applicable, to elect to continue to receive paper copies of your shareholder reports. Your election to receive reports in
paper will apply to all funds held with AST or to all funds held through your financial intermediary, as applicable.
Commodity Futures Trading Commission Registration. Effective December 31, 2012, the Commodity Futures Trading Commission
(“CFTC”) adopted certain regulatory changes that subject registered investment companies and advisers to regulation by the CFTC if a fund invests more than a prescribed level of its assets in certain CFTC-regulated instruments (including
futures, certain options and swap agreements) or markets itself as providing investment exposure to such instruments. The Fund has claimed an exclusion from the definition of the term “commodity pool operator” under the Commodity Exchange
Act. Accordingly, neither the Fund nor the adviser with respect to the operation of the Fund is subject to CFTC regulation. Because of its management of other strategies, the Fund’s adviser is registered with the CFTC as a commodity pool
operator and a commodity trading advisor.
Fund shares are not insured by the FDIC and are not deposits or other obligations of, or
guaranteed by, any depository institution. Shares are subject to investment risks, including possible loss of principal invested.
Semiannual Report September 30, 2019
Eaton Vance
Limited Duration Income Fund
Table of Contents
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Management’s Discussion of Fund Performance |
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2 |
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Performance |
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3 |
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Fund Profile |
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4 |
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The Fund’s Investment Objective and Principal Strategies |
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5 |
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Endnotes and Additional Disclosures |
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6 |
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Financial Statements |
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7 |
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Notice to Shareholders |
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74 |
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Board of Trustees’ Contract Approval |
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75 |
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Officers and Trustees |
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78 |
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Important Notices |
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79 |
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Eaton Vance
Limited Duration Income Fund
September 30, 2019
Management’s Discussion of Fund
Performance1
We are pleased to provide this semiannual report for Eaton Vance Limited Duration Income Fund (the Fund) covering the
six-month period ended September 30, 2019. Information about the Fund over the period appears below and in the pages that follow.
Market Update
With global growth slowing and heightened uncertainty about the
potential impact of an escalating trade war between the U.S. and China, global bond yields declined (and bond prices rose) during the six months ended September 30, 2019. Notably, the 10-year U.S.
Treasury yield dropped 75 basis points from 2.42% at March 29, 2019 to 1.68% at September 30, 2019. Against this backdrop, the U.S. Federal Reserve Board (the Fed) responded with rate cuts in July and September to bring the Federal Funds
rate to a range of 1.75%-2.00%. The Fed characterized these rate cuts as “mid-cycle adjustments.” Risk assets responded well to the Fed’s actions —
for example, the S&P 500® Index (U.S. equities) and ICE BofAML U.S. High Yield Index (U.S. high-yield bonds) were up
6.08% and 3.82%, respectively. Both long-duration9 fixed income instruments
and many categories of equity assets had significantly positive total returns over the period.
Fund Performance
For the six months ended September 30, 2019, the Fund returned 3.42% based on net asset value (NAV) per common share and 2.13% based on market price. That
compares with a return of 3.29% for a custom blended benchmark consisting of an equal weighting of indexes representing the Fund’s three principal investment sectors: the ICE BofAML B U.S. High-Yield Index (representing U.S. high-yield bonds);
the S&P/LSTA Leveraged Loan Index (floating-rate loans); and the ICE BofAML U.S. Mortgage-Backed Securities Index (mortgage-backed securities). Each of these sectors contributed positively to the Fund’s performance over the six-month period, but an
overweight in shorter duration mortgage-backed securities and floating-rate loans hurt performance relative to the custom blended benchmark in a period of falling interest rates. The Fund
underperformed the custom blended benchmark over the one-year ended September 30, 2019 on both a NAV and market basis due to an overweight in these shorter duration strategies.
For each of the three-year, five-year, ten-year and life of fund (since inception on May 30, 2003) periods ended
September 30, 2019, the Fund’s average annual total return at NAV outperformed the custom blended benchmark. Based on market price, the Fund’s average annual total return exceeded the return of the custom blended benchmark for the
five-year, ten-year and life of fund periods ended September 30, 2019, but trailed over three years. (See following pages for additional performance data.)
At September 30, 2019, the Fund’s common share distribution rate was 5.81% at NAV and 6.72% at market price. In October 2019, the Fund announced an
increase in its regular monthly distribution from $0.07 per common share to $0.10 per common share, an increase of 42.9%. Restated to reflect the October announcement, the Fund’s common share distribution rate as of September 30, 2019 was
8.30% at NAV and 9.60% at market price. By raising the Fund’s monthly distribution, the Board of Trustees seeks to enhance long-term shareholder value. The Fund previously increased its regular monthly distribution from $0.067 per common share
to $0.07 per common share in May 2019. The Fund’s market price discount to NAV was -13.55% as of September 30, 2019. The Fund’s market price discount to NAV was
-10.45% on November 15, 2019.
We appreciate your support and value the privilege to serve as the
Fund’s investment manager. For more information on the Fund, please visit our website at eatonvance.com.
See Endnotes and Additional
Disclosures in this report.
Past performance is no guarantee of future results. Returns are historical and are calculated net of management fees
and other expenses by determining the percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested in accordance with the Fund’s Dividend Reinvestment Plan. Performance at market price will differ
from performance at NAV due to variations in the Fund’s market price versus NAV, which may reflect factors such as fluctuations in supply and demand for Fund shares, changes in Fund distributions, shifting market expectations for the
Fund’s future returns and distribution rates, and other considerations affecting the trading prices of closed-end funds. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their
original cost. Performance for periods less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as
of the most recent month-end, please refer to eatonvance.com.
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Performance3,4
Portfolio Managers Scott H. Page, CFA, Payson F.
Swaffield, CFA, Catherine C. McDermott, Andrew Szczurowski, CFA, Eric A. Stein, CFA and Kelley G. Baccei. Effective November 1, 2019, Mr. Page is no longer a member of the portfolio management team.
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% Average Annual Total Returns |
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Inception Date |
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Six Months |
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One Year |
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Five Years |
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Ten Years |
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Fund at NAV |
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05/30/2003 |
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3.42 |
% |
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5.26 |
% |
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5.67 |
% |
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7.38 |
% |
Fund at Market Price |
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— |
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2.13 |
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5.27 |
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4.72 |
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6.40 |
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Custom Blended Index |
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— |
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3.29 |
% |
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5.67 |
% |
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3.97 |
% |
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5.27 |
% |
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% Premium/Discount to NAV5 |
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–13.55 |
% |
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Distributions6 |
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Total Distributions per share for the period |
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$0.417 |
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Distribution Rate at NAV |
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5.81 |
% |
Distribution Rate at Market Price |
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6.72 |
% |
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% Total Leverage7 |
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Auction Preferred Shares (APS) |
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8.28 |
% |
Borrowings |
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27.35 |
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See Endnotes and Additional Disclosures in this
report.
Past performance is no guarantee of future results. Returns are historical and are calculated net of management fees and other expenses
by determining the percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested in accordance with the Fund’s Dividend Reinvestment Plan. Performance at market price will differ from performance
at NAV due to variations in the Fund’s market price versus NAV, which may reflect factors such as fluctuations in supply and demand for Fund shares, changes in Fund distributions, shifting market expectations for the Fund’s future returns
and distribution rates, and other considerations affecting the trading prices of closed-end funds. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance for
periods less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as of the most recent month-end,
please refer to eatonvance.com.
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Fund Profile
Asset Allocation (% of total investments)8
MBS refers to Mortgage-Backed Securities
See Endnotes and Additional
Disclosures in this report.
Eaton Vance
Limited Duration Income Fund
September 30, 2019
The Fund’s Investment Objective and Principal
Strategies2
The Fund’s investment objective is to provide a high level of current income. The Fund may, as a secondary
objective, also seek capital appreciation to the extent consistent with its primary goal of high current income. Under normal market conditions, the Fund expects to maintain an average duration of no more than five years (including the effect of
anticipated leverage).
In pursuing its investment objectives, the Fund normally invests at least 25% of its total assets in each of:
(1) investments rated investment grade, including, but not limited to, U.S. Government securities (which may include U.S. Treasuries and mortgage-backed securities (MBS) and other securities issued, backed, or otherwise guaranteed by the U.S.
Government, or its agencies or instrumentalities), commercial MBS and corporate debt obligations; and (2) investments rated below investment grade, including, but not limited to, senior loans and high-yield debt securities. Investment-grade
investments are those rated BBB- or higher by S&P Global Ratings or Fitch Ratings, Baa3 or higher as determined by Moody’s Investor Service, Inc. or, if not rated, determined to be of comparable
credit quality by the Fund’s portfolio managers.
Under normal market conditions, the Fund structures and seeks to maintain its portfolio of
high-quality investments (such as MBS) and lower quality non-investment grade bond and senior loans in such a manner that the Fund has
an average dollar-weighted portfolio quality of investment grade. Within the foregoing guideline, the Fund may invest in individual investments of any credit quality.
The Fund may invest without limit in foreign investments denominated in U.S. dollars and may invest up to 15% of its net assets in foreign investments denominated
in authorized foreign currencies, which include euros, British pounds, Swiss francs, Canadian dollars and Australian dollars. The Fund seeks to hedge against foreign currency fluctuations through the use of currency exchange contracts and other
permitted hedging strategies. The total amount of the Fund’s outstanding forward commitments to purchase and sell generic U.S. government agency MBS may not exceed 10% of the Fund’s total net assets or 50% of the Fund’s MBS holdings.
The Fund may also invest on other types of investments that are not part of its principal strategy from time to time.
The Fund employs leverage to seek
opportunities for additional income. Leverage may amplify the effect on the Fund’s NAV of any increase or decrease in the value of investments held. There can be no assurance that the use of borrowings will be successful. The Fund has issued
preferred shares and borrowed to establish leverage. The Fund also may establish leverage through derivatives and reverse repurchase agreements.
See Endnotes and Additional
Disclosures in this report.
Past performance is no guarantee of future results. Returns are historical and are calculated net of management fees
and other expenses by determining the percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested in accordance with the Fund’s Dividend Reinvestment Plan. Performance at market price will differ
from performance at NAV due to variations in the Fund’s market price versus NAV, which may reflect factors such as fluctuations in supply and demand for Fund shares, changes in Fund distributions, shifting market expectations for the
Fund’s future returns and distribution rates, and other considerations affecting the trading prices of closed-end funds. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their
original cost. Performance for periods less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as
of the most recent month-end, please refer to eatonvance.com.
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Endnotes and Additional Disclosures
1 |
The views expressed in this report are those of the Fund’s investment adviser and are subject to change at any time based upon market or other conditions,
and Eaton Vance and the Fund(s) disclaim any responsibility to update such views. These views may not be relied upon as investment advice and, because investment decisions are based on many factors, may not be relied upon as an indication of trading
intent on behalf of any Eaton Vance fund. This commentary may contain statements that are not historical facts, referred to as “forward looking statements.” The Fund’s actual future results may differ significantly from those stated
in any forward looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of Fund shares, the continuation of investment advisory, administrative and
service contracts, and other risks discussed from time to time in the Fund’s filings with the Securities and Exchange Commission. |
2 |
The information contained herein is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares.
Common shares of the Fund are available for purchase and sale only at current market prices in secondary market trading. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including
investment risks. Shares of closed-end funds often trade at a discount from their NAV. The Fund is not a complete investment program and you may lose money investing in the Fund. |
3 |
S&P 500® Index is an unmanaged index of
large-cap stocks commonly used as a measure of U.S. stock market performance. S&P/LSTA Leveraged Loan Index is an unmanaged index of the institutional leveraged loan market. S&P Dow Jones Indices and
S&P/LSTA Leveraged Loan indices are a product of S&P Dow Jones Indices LLC (“S&P DJI”) and have been licensed for use. S&P® and S&P 500® are registered trademarks of S&P DJI; Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); LSTA is a trademark of Loan Syndications and Trading Association, Inc. S&P DJI, Dow
Jones and their respective affiliates do not sponsor, endorse, sell or promote the Fund, will not have any liability with respect thereto and do not have any liability for any errors, omissions, or interruptions of the S&P Dow Jones Indices. ICE
BofAML U.S. High Yield Index is an unmanaged index of below-investment grade U.S. corporate bonds. ICE BofAML B U.S. High Yield Index is an unmanaged index of below- investment grade U.S. corporate bonds with a credit quality rating of B. ICE BofAML
U.S. Mortgage-Backed Securities Index is an unmanaged index of fixed rate residential mortgage pass- through securities issued by U.S. agencies. ICE® BofAML® indices are not
for redistribution or other uses; provided “as is”, without warranties, and with no liability. Eaton Vance has prepared this report and ICE Data Indices, LLC does not endorse it, or guarantee, review, or endorse Eaton Vance’s
products. BofAML® is a licensed registered trademark of Bank of America Corporation in the United States and other countries. The Blended Index consists of 33.33%
S&P/LSTA Leveraged Loan Index, 33.33% ICE BofAML B U.S. High Yield Index and 33.34% ICE BofAML U.S. Mortgage-Backed Securities Index, rebalanced monthly. Unless otherwise stated, index returns do not reflect the effect of any applicable sales
charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. |
4 |
Performance results reflect the effects of leverage. Included in the average annual total return at NAV for the one-,
five- and ten- year periods is the impact of the 2018 tender and repurchase of a portion of the Fund’s Auction Preferred Shares (APS) at 92% of the Fund’s APS per share liquidation preference. Had
this transaction not occurred, the total return at NAV would be lower for the Fund. The Fund’s performance for certain periods reflects the effects of expense reductions. Absent these reductions, performance would have been lower. Pursuant to
the Fund’s Dividend Reinvestment Plan, if the NAV per share on the distribution payment date is equal to or less than the market price per share plus estimated brokerage commissions, then new shares are issued. The number of shares shall be
determined by the greater of the NAV per share or 95% of the market price. Otherwise, shares generally are purchased on the open market by the Plan’s agent. |
5 |
The shares of the Fund often trade at a discount or premium from their net asset value. The discount or premium of the Fund may vary over time and may be higher
or lower than what is quoted in this report. For up-to-date premium/discount information, please refer to http://eatonvance.com/closedend. |
6 |
The Distribution Rate is based on the Fund’s last regular distribution per share in the period (annualized) divided by the Fund’s NAV or market price
at the end of the period. The Fund’s distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with “yield” or
“income.” Distributions in excess of Fund returns may include a return of capital which, over time, will cause the Fund’s net assets and net asset value per share to erode. When the Fund’s distributions include amounts from
sources other than net investment income, shareholders are notified. The final determination of the tax characteristics of Fund distributions will occur after the end of the year, at which time that determination will be reported to shareholders.
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7 |
Leverage represents the liquidation value of the Fund’s APS and borrowings outstanding as a percentage of Fund net assets applicable to common shares plus
APS and borrowings outstanding. Use of leverage creates an opportunity for income, but creates risks including greater price volatility. The cost of leverage rises and falls with changes in short-term interest rates. The Fund may be required to
maintain prescribed asset coverage for its leverage and may be required to reduce its leverage at an inopportune time. |
8 |
Asset Allocation as a percentage of the Fund’s net assets amounted to 154.2%. |
9 |
Duration is a measure of the expected change in price of a bond — in percentage terms — given a one percent change in interest rates, all else being
constant. Securities with lower durations tend to be less sensitive to interest rate changes. |
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Fund profile subject to change due to active management.
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Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited)
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Senior Floating-Rate Loans —
47.6%(1) |
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Borrower/Tranche Description |
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Principal Amount* (000’s omitted) |
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Value |
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Aerospace and Defense — 0.6% |
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Dynasty Acquisition Co., Inc. |
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Term Loan, 6.10%, (3 mo. USD LIBOR + 4.00%), Maturing April 6, 2026 |
|
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553 |
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$ |
556,252 |
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IAP Worldwide Services, Inc. |
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Revolving Loan, 1.44%, (3 mo. USD LIBOR + 5.50%), Maturing July 19, 2021(2) |
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172 |
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167,939 |
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Term Loan - Second Lien, 8.60%, (3 mo. USD LIBOR + 6.50%), Maturing July 18, 2020(3) |
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226 |
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180,096 |
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TransDigm, Inc. |
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Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing June 9, 2023 |
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5,558 |
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5,554,535 |
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Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing August 22, 2024 |
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1,381 |
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1,378,152 |
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Wesco Aircraft Hardware Corp. |
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Term Loan, 5.05%, (1 mo. USD LIBOR + 3.00%), Maturing November 30, 2020 |
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978 |
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977,500 |
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WP CPP Holdings, LLC |
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Term Loan, 6.01%, (3 mo. USD LIBOR + 3.75%), Maturing April 30, 2025 |
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669 |
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671,067 |
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$ |
9,485,541 |
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Automotive — 1.3% |
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Adient US, LLC |
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Term Loan, 6.46%, (3 mo. USD LIBOR + 4.25%), Maturing May 6, 2024 |
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723 |
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$ |
713,846 |
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American Axle and Manufacturing, Inc. |
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Term Loan, 4.32%, (USD LIBOR + 2.25%), Maturing April 6,
2024(4) |
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2,880 |
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2,827,943 |
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Belron Finance US, LLC |
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Term Loan, 4.46%, (3 mo. USD LIBOR + 2.25%), Maturing November 7, 2024 |
|
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|
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590 |
|
|
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592,064 |
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Bright Bidco B.V. |
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Term Loan, 5.58%, (USD LIBOR + 3.50%), Maturing June 30,
2024(4) |
|
|
|
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|
|
1,761 |
|
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845,286 |
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Chassix, Inc. |
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|
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|
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Term Loan, 7.88%, (USD LIBOR + 5.50%), Maturing November 15,
2023(4) |
|
|
|
|
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1,474 |
|
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1,422,169 |
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|
Dayco Products, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.37%, (3 mo. USD LIBOR + 4.25%), Maturing May 19, 2023 |
|
|
|
|
|
|
1,173 |
|
|
|
1,064,498 |
|
|
|
|
|
Garrett LX III S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.60%, (3 mo. USD LIBOR + 2.50%), Maturing September 27, 2025 |
|
|
|
|
|
|
297 |
|
|
|
295,144 |
|
|
|
|
|
Goodyear Tire & Rubber Company (The) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan - Second Lien, 4.06%, (1 mo. USD LIBOR + 2.00%), Maturing March 7, 2025 |
|
|
|
|
|
|
2,258 |
|
|
|
2,227,986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Automotive (continued) |
|
|
|
|
|
IAA, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.31%, (1 mo. USD LIBOR + 2.25%), Maturing May 22, 2026 |
|
|
|
|
|
|
591 |
|
|
$
|
596,156 |
|
|
|
|
|
L&W, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.04%, (1 mo. USD LIBOR + 4.00%), Maturing May 22, 2025 |
|
|
|
|
|
|
839 |
|
|
|
814,194 |
|
|
|
|
|
Panther BF Aggregator 2 L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing April 30, 2026 |
|
|
|
|
|
|
3,700 |
|
|
|
3,679,957 |
|
|
|
|
|
Tenneco, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing October 1, 2025 |
|
|
|
|
|
|
3,747 |
|
|
|
3,530,084 |
|
|
|
|
|
Thor Industries, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.88%, (1 mo. USD LIBOR + 3.75%), Maturing February 1, 2026 |
|
|
|
|
|
|
1,148 |
|
|
|
1,122,457 |
|
|
|
|
|
TI Group Automotive Systems, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.50%, (3 mo. EURIBOR + 2.75%, Floor 0.75%), Maturing June 30, 2022 |
|
|
EUR |
|
|
|
912 |
|
|
|
991,550 |
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing June 30, 2022 |
|
|
|
|
|
|
1,065 |
|
|
|
1,059,941 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
21,783,275 |
|
|
Beverage and Tobacco — 0.3% |
|
|
|
|
|
Arterra Wines Canada, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.91%, (3 mo. USD LIBOR + 2.75%), Maturing December 15, 2023 |
|
|
|
|
|
|
2,898 |
|
|
$ |
2,899,615 |
|
|
|
|
|
Flavors Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.85%, (3 mo. USD LIBOR + 5.75%), Maturing April 3, 2020 |
|
|
|
|
|
|
760 |
|
|
|
702,769 |
|
|
|
|
|
Term Loan - Second Lien, 12.10%, (3 mo. USD LIBOR + 10.00%), Maturing October 3,
2021 |
|
|
|
|
|
|
1,000 |
|
|
|
825,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,427,384 |
|
|
Brokerage / Securities Dealers / Investment Houses — 0.0%(5) |
|
|
|
|
|
Blackstone Mortgage Trust, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing April 23, 2026 |
|
|
|
|
|
|
399 |
|
|
$ |
401,240 |
|
|
|
|
|
OZ Management L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.81%, (1 mo. USD LIBOR + 4.75%), Maturing April 10, 2023 |
|
|
|
|
|
|
140 |
|
|
|
140,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
541,240 |
|
|
Building and Development — 1.7% |
|
|
|
|
|
Advanced Drainage Systems, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing September 19,
2026(6) |
|
|
|
|
|
|
325 |
|
|
$ |
326,828 |
|
|
|
|
|
|
|
|
7 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Building and Development (continued) |
|
|
|
|
|
American Builders & Contractors Supply Co., Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing October 31, 2023 |
|
|
|
|
|
|
2,974 |
|
|
$
|
2,975,793 |
|
|
|
|
|
APi Group DE, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing September 25,
2026(6) |
|
|
|
|
|
|
1,525 |
|
|
|
1,532,625 |
|
|
|
|
|
Beacon Roofing Supply, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing January 2, 2025 |
|
|
|
|
|
|
640 |
|
|
|
639,631 |
|
|
|
|
|
Brookfield Property REIT, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing August 27, 2025 |
|
|
|
|
|
|
1,015 |
|
|
|
1,001,341 |
|
|
|
|
|
Core & Main L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.86%, (USD LIBOR + 2.75%), Maturing August 1,
2024(4) |
|
|
|
|
|
|
1,184 |
|
|
|
1,178,301 |
|
|
|
|
|
CPG International, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.93%, (3 mo. USD LIBOR + 3.75%), Maturing May 5, 2024 |
|
|
|
|
|
|
1,699 |
|
|
|
1,696,466 |
|
|
|
|
|
DTZ U.S. Borrower, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing August 21, 2025 |
|
|
|
|
|
|
5,841 |
|
|
|
5,866,525 |
|
|
|
|
|
Henry Company, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.04%, (1 mo. USD LIBOR + 4.00%), Maturing October 5, 2023 |
|
|
|
|
|
|
2,310 |
|
|
|
2,314,499 |
|
|
|
|
|
NCI Building Systems, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing April 12, 2025 |
|
|
|
|
|
|
792 |
|
|
|
776,471 |
|
|
|
|
|
Quikrete Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing November 15, 2023 |
|
|
|
|
|
|
3,005 |
|
|
|
2,995,730 |
|
|
|
|
|
RE/MAX International, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing December 15, 2023 |
|
|
|
|
|
|
2,222 |
|
|
|
2,216,511 |
|
|
|
|
|
Realogy Group, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.25%), Maturing February 8, 2025 |
|
|
|
|
|
|
905 |
|
|
|
863,058 |
|
|
|
|
|
Summit Materials Companies I, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing November 21, 2024 |
|
|
|
|
|
|
688 |
|
|
|
689,899 |
|
|
|
|
|
Werner FinCo L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.04%, (1 mo. USD LIBOR + 4.00%), Maturing July 24, 2024 |
|
|
|
|
|
|
1,030 |
|
|
|
1,006,508 |
|
|
|
|
|
WireCo WorldGroup, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.04%, (1 mo. USD LIBOR + 5.00%), Maturing September 30, 2023 |
|
|
|
|
|
|
679 |
|
|
|
666,269 |
|
|
|
|
|
Term Loan - Second Lien, 11.04%, (1 mo. USD LIBOR + 9.00%),
Maturing September 30, 2024 |
|
|
|
|
|
|
1,425 |
|
|
|
1,410,750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
28,157,205 |
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Business Equipment and Services — 4.0% |
|
|
|
|
|
Acosta Holdco, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.25%, (USD Prime + 2.25%), Maturing September 26, 2021 |
|
|
|
|
1,541 |
|
|
$ |
494,684 |
|
|
|
|
|
Adtalem Global Education, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing April 11, 2025 |
|
|
|
|
420 |
|
|
|
421,392 |
|
|
|
|
|
AlixPartners, LLP |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), Maturing April 4, 2024 |
|
EUR |
|
|
771 |
|
|
|
844,340 |
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing April 4, 2024 |
|
|
|
|
2,490 |
|
|
|
2,495,700 |
|
|
|
|
|
Allied Universal Holdco, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 2.13%, Maturing July 10,
2026(2) |
|
|
|
|
137 |
|
|
|
137,759 |
|
|
|
|
|
Term Loan, 6.51%, (6 mo. USD LIBOR + 4.25%), Maturing July 10, 2026 |
|
|
|
|
1,388 |
|
|
|
1,391,370 |
|
|
|
|
|
Altran Technologies S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 2.75%, (3 mo. EURIBOR + 2.75%), Maturing March 20, 2025 |
|
EUR |
|
|
1,541 |
|
|
|
1,689,072 |
|
|
|
|
|
AppLovin Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing August 15, 2025 |
|
|
|
|
2,284 |
|
|
|
2,286,394 |
|
|
|
|
|
ASGN Incorporated |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing April 2, 2025 |
|
|
|
|
503 |
|
|
|
504,793 |
|
|
|
|
|
Belfor Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.04%, (1 mo. USD LIBOR + 4.00%), Maturing April 6, 2026 |
|
|
|
|
549 |
|
|
|
552,054 |
|
|
|
|
|
Bracket Intermediate Holding Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.29%, (1 mo. USD LIBOR + 4.25%), Maturing September 5, 2025 |
|
|
|
|
941 |
|
|
|
938,737 |
|
|
|
|
|
Brand Energy & Infrastructure Services, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.51%, (USD LIBOR + 4.25%), Maturing June 21,
2024(4) |
|
|
|
|
587 |
|
|
|
574,037 |
|
|
|
|
|
Camelot UK Holdco Limited |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing October 3, 2023 |
|
|
|
|
1,298 |
|
|
|
1,307,286 |
|
|
|
|
|
Ceridian HCM Holding, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.00%), Maturing April 30, 2025 |
|
|
|
|
1,535 |
|
|
|
1,540,494 |
|
|
|
|
|
Change Healthcare Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing March 1, 2024 |
|
|
|
|
6,049 |
|
|
|
6,027,332 |
|
|
|
|
|
CM Acquisition Co. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 12.10%, (3 mo. USD LIBOR + 10.00%), Maturing July 26, 2023 |
|
|
|
|
364 |
|
|
|
368,071 |
|
|
|
|
|
Cypress Intermediate Holdings III, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.80%, (1 mo. USD LIBOR + 2.75%), Maturing April 26, 2024 |
|
|
|
|
1,417 |
|
|
|
1,413,832 |
|
|
|
|
|
|
|
|
8 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Business Equipment and Services (continued) |
|
|
|
|
|
EAB Global, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.38%, (6 mo. USD LIBOR + 3.75%), Maturing November 15, 2024 |
|
|
|
|
1,404 |
|
|
$
|
1,389,589 |
|
|
|
|
|
EIG Investors Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.88%, (3 mo. USD LIBOR + 3.75%), Maturing February 9, 2023 |
|
|
|
|
3,307 |
|
|
|
3,245,998 |
|
|
|
|
|
Element Materials Technology Group US Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.50%), Maturing June 28, 2024 |
|
|
|
|
418 |
|
|
|
418,432 |
|
|
|
|
|
Garda World Security Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.64%, (3 mo. USD LIBOR + 3.50%), Maturing May 24, 2024 |
|
|
|
|
2,156 |
|
|
|
2,159,275 |
|
|
|
|
|
Term Loan, 6.20%, (CIDOR + 4.25%), Maturing May 24, 2024 |
|
CAD |
|
|
1,002 |
|
|
|
755,320 |
|
|
|
|
|
IG Investment Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.04%, (1 mo. USD LIBOR + 4.00%), Maturing May 23, 2025 |
|
|
|
|
2,917 |
|
|
|
2,908,732 |
|
|
|
|
|
IRI Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.62%, (3 mo. USD LIBOR + 4.50%), Maturing December 1, 2025 |
|
|
|
|
1,613 |
|
|
|
1,553,675 |
|
|
|
|
|
Iron Mountain, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.79%, (1 mo. USD LIBOR + 1.75%), Maturing January 2, 2026 |
|
|
|
|
911 |
|
|
|
904,861 |
|
|
|
|
|
J.D. Power and Associates |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing September 7, 2023 |
|
|
|
|
1,166 |
|
|
|
1,169,311 |
|
|
|
|
|
KAR Auction Services, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.31%, (1 mo. USD LIBOR + 2.25%), Maturing September 19, 2026 |
|
|
|
|
650 |
|
|
|
655,078 |
|
|
|
|
|
Kronos Incorporated |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.25%, (3 mo. USD LIBOR + 3.00%), Maturing November 1, 2023 |
|
|
|
|
6,835 |
|
|
|
6,856,168 |
|
|
|
|
|
KUEHG Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.75%), Maturing February 21, 2025 |
|
|
|
|
2,301 |
|
|
|
2,301,091 |
|
|
|
|
|
Term Loan - Second Lien, 10.35%, (3 mo. USD LIBOR + 8.25%), Maturing August 18, 2025 |
|
|
|
|
425 |
|
|
|
425,266 |
|
|
|
|
|
Monitronics International, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 8.60%, (3 mo. USD LIBOR + 6.50%), Maturing March 29, 2024 |
|
|
|
|
2,023 |
|
|
|
1,878,055 |
|
|
|
|
|
PGX Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.30%, (1 mo. USD LIBOR + 5.25%), Maturing September 29, 2020 |
|
|
|
|
1,471 |
|
|
|
1,324,084 |
|
|
|
|
|
Ping Identity Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing January 24, 2025 |
|
|
|
|
116 |
|
|
|
115,510 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Business Equipment and Services (continued) |
|
|
|
|
|
Pre-Paid Legal Services, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing May 1, 2025 |
|
|
|
|
|
|
494 |
|
|
$
|
493,853 |
|
|
|
|
|
Prime Security Services Borrower, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.21%, (1 week USD LIBOR + 3.25%), Maturing September 23, 2026 |
|
|
|
|
|
|
1,728 |
|
|
|
1,710,558 |
|
|
|
|
|
Prometric Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.00%), Maturing January 29, 2025 |
|
|
|
|
|
|
320 |
|
|
|
316,139 |
|
|
|
|
|
Red Ventures, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing November 8, 2024 |
|
|
|
|
|
|
1,546 |
|
|
|
1,554,615 |
|
|
|
|
|
SMG US Midco 2, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing January 23, 2025 |
|
|
|
|
|
|
246 |
|
|
|
245,480 |
|
|
|
|
|
Spin Holdco, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.57%, (3 mo. USD LIBOR + 3.25%), Maturing November 14, 2022 |
|
|
|
|
|
|
3,878 |
|
|
|
3,812,734 |
|
|
|
|
|
Techem Verwaltungsgesellschaft 675 mbH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing July 31, 2025 |
|
|
EUR |
|
|
|
1,651 |
|
|
|
1,818,933 |
|
|
|
|
|
Tempo Acquisition, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2024 |
|
|
|
|
|
|
978 |
|
|
|
981,654 |
|
|
|
|
|
Trans Union, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing April 10, 2023 |
|
|
|
|
|
|
241 |
|
|
|
242,274 |
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing June 19, 2025 |
|
|
|
|
|
|
444 |
|
|
|
446,551 |
|
|
|
|
|
Vestcom Parent Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.04%, (1 mo. USD LIBOR + 4.00%), Maturing December 19, 2023 |
|
|
|
|
|
|
603 |
|
|
|
567,910 |
|
|
|
|
|
Vungle, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing September 19,
2026(6) |
|
|
|
|
|
|
725 |
|
|
|
718,656 |
|
|
|
|
|
WASH Multifamily Laundry Systems, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing May 14, 2022 |
|
|
|
|
|
|
306 |
|
|
|
301,922 |
|
|
|
|
|
West Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing October 10, 2024 |
|
|
|
|
|
|
346 |
|
|
|
306,886 |
|
|
|
|
|
Term Loan, 6.04%, (1 mo. USD LIBOR + 4.00%), Maturing October 10, 2024 |
|
|
|
|
|
|
1,204 |
|
|
|
1,075,182 |
|
|
|
|
|
Zephyr Bidco Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.21%, (1 mo. GBP LIBOR + 4.50%), Maturing July 23, 2025 |
|
|
GBP |
|
|
|
775 |
|
|
|
926,339 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
66,567,478 |
|
|
|
|
|
|
|
|
9 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Cable and Satellite Television — 2.1% |
|
|
|
|
|
Charter Communications Operating, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.05%, (1 mo. USD LIBOR + 2.00%), Maturing April 30, 2025 |
|
|
|
|
|
|
4,974 |
|
|
$ |
5,008,856 |
|
|
|
|
|
CSC Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.28%, (1 mo. USD LIBOR + 2.25%), Maturing July 17, 2025 |
|
|
|
|
|
|
3,974 |
|
|
|
3,975,963 |
|
|
|
|
|
Term Loan, 4.28%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2026 |
|
|
|
|
|
|
1,070 |
|
|
|
1,070,628 |
|
|
|
|
|
Term Loan, 4.53%, (1 mo. USD LIBOR + 2.50%), Maturing January 25, 2026 |
|
|
|
|
|
|
1,358 |
|
|
|
1,361,625 |
|
|
|
|
|
MCC Iowa, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.93%, (1 week USD LIBOR + 2.00%), Maturing January 15, 2025 |
|
|
|
|
|
|
1,079 |
|
|
|
1,087,533 |
|
|
|
|
|
Mediacom Illinois, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.68%, (1 week USD LIBOR + 1.75%), Maturing February 15, 2024 |
|
|
|
|
|
|
621 |
|
|
|
623,868 |
|
|
|
|
|
Numericable Group S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing July 31, 2025 |
|
|
EUR |
|
|
|
513 |
|
|
|
558,223 |
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing July 31, 2025 |
|
|
|
|
|
|
2,102 |
|
|
|
2,056,440 |
|
|
|
|
|
Radiate Holdco, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing February 1, 2024 |
|
|
|
|
|
|
2,130 |
|
|
|
2,124,663 |
|
|
|
|
|
Telenet Financing USD, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.28%, (1 mo. USD LIBOR + 2.25%), Maturing August 15, 2026 |
|
|
|
|
|
|
2,725 |
|
|
|
2,730,676 |
|
|
|
|
|
Virgin Media Bristol, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.53%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2026 |
|
|
|
|
|
|
8,050 |
|
|
|
8,061,318 |
|
|
|
|
|
Ziggo Secured Finance B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), Maturing April 15, 2025 |
|
|
EUR |
|
|
|
2,625 |
|
|
|
2,881,505 |
|
|
|
|
|
Ziggo Secured Finance Partnership |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.53%, (1 mo. USD LIBOR + 2.50%), Maturing April 15, 2025 |
|
|
|
|
|
|
4,150 |
|
|
|
4,147,406 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
35,688,704 |
|
|
Chemicals and Plastics — 2.6% |
|
|
|
|
|
Alpha 3 B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.10%, (3 mo. USD LIBOR + 3.00%), Maturing January 31, 2024 |
|
|
|
|
|
|
679 |
|
|
$ |
671,417 |
|
|
|
|
|
Aruba Investments, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.35%, (3 mo. USD LIBOR + 3.25%), Maturing February 2, 2022 |
|
|
|
|
|
|
361 |
|
|
|
359,496 |
|
|
|
|
|
Axalta Coating Systems US Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.85%, (3 mo. USD LIBOR + 1.75%), Maturing June 1, 2024 |
|
|
|
|
|
|
2,816 |
|
|
|
2,821,800 |
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Chemicals and Plastics (continued) |
|
|
|
|
|
Emerald Performance Materials, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing August 1, 2021 |
|
|
|
|
637 |
|
|
$
|
637,277 |
|
|
|
|
|
Ferro Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.35%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024 |
|
|
|
|
341 |
|
|
|
341,736 |
|
|
|
|
|
Term Loan, 4.35%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024 |
|
|
|
|
348 |
|
|
|
349,165 |
|
|
|
|
|
Term Loan, 4.35%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024 |
|
|
|
|
488 |
|
|
|
488,565 |
|
|
|
|
|
Flint Group GmbH |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.28%, (3 mo. USD LIBOR + 3.00%), Maturing September 7, 2021 |
|
|
|
|
189 |
|
|
|
160,216 |
|
|
|
|
|
Flint Group US, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.28%, (3 mo. USD LIBOR + 3.00%), Maturing September 7, 2021 |
|
|
|
|
1,141 |
|
|
|
969,176 |
|
|
|
|
|
Gemini HDPE, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.76%, (3 mo. USD LIBOR + 2.50%), Maturing August 7, 2024 |
|
|
|
|
1,905 |
|
|
|
1,907,375 |
|
|
|
|
|
H.B. Fuller Company |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing October 20, 2024 |
|
|
|
|
1,874 |
|
|
|
1,869,753 |
|
|
|
|
|
Hexion, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), Maturing July 1, 2026 |
|
EUR |
|
|
1,575 |
|
|
|
1,719,175 |
|
|
|
|
|
Term Loan, 5.82%, (3 mo. USD LIBOR + 3.50%), Maturing July 1, 2026 |
|
|
|
|
773 |
|
|
|
773,063 |
|
|
|
|
|
INEOS Enterprises Holdings Limited |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.00%, (6 mo. EURIBOR + 4.00%), Maturing July 31, 2026 |
|
EUR |
|
|
200 |
|
|
|
218,365 |
|
|
|
|
|
INEOS Enterprises Holdings US Finco, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.12%, (3 mo. USD LIBOR + 4.00%), Maturing July 31, 2026 |
|
|
|
|
275 |
|
|
|
276,375 |
|
|
|
|
|
Ineos Finance PLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 2.50%, (1 mo. EURIBOR + 2.00%, Floor 0.50%), Maturing March 31, 2024 |
|
EUR |
|
|
3,242 |
|
|
|
3,530,856 |
|
|
|
|
|
Ineos US Finance, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing March 31, 2024 |
|
|
|
|
1,572 |
|
|
|
1,561,192 |
|
|
|
|
|
Invictus U.S., LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.15%, (2 mo. USD LIBOR + 3.00%), Maturing March 28, 2025 |
|
|
|
|
267 |
|
|
|
254,938 |
|
|
|
|
|
Kraton Polymers, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing March 5, 2025 |
|
|
|
|
1,158 |
|
|
|
1,157,788 |
|
|
|
|
|
Messer Industries GmbH |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.60%, (3 mo. USD LIBOR + 2.50%), Maturing March 1, 2026 |
|
|
|
|
1,617 |
|
|
|
1,615,022 |
|
|
|
|
|
|
|
|
10 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Chemicals and Plastics (continued) |
|
|
|
|
|
Minerals Technologies, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.31%, (USD LIBOR + 2.25%), Maturing February 14,
2024(4) |
|
|
|
|
1,107 |
|
|
$
|
1,111,825 |
|
|
|
|
|
Momentive Performance Materials, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.25%), Maturing May 15, 2024 |
|
|
|
|
474 |
|
|
|
471,296 |
|
|
|
|
|
Orion Engineered Carbons GmbH |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 2.25%, (3 mo. EURIBOR + 2.25%), Maturing July 25, 2024 |
|
EUR |
|
|
970 |
|
|
|
1,063,818 |
|
|
|
|
|
Term Loan, 4.10%, (3 mo. USD LIBOR + 2.00%), Maturing July 25, 2024 |
|
|
|
|
710 |
|
|
|
704,193 |
|
|
|
|
|
Platform Specialty Products Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing January 30, 2026 |
|
|
|
|
670 |
|
|
|
673,078 |
|
|
|
|
|
PMHC II, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.50%), Maturing March 31, 2025 |
|
|
|
|
394 |
|
|
|
319,140 |
|
|
|
|
|
Polar US Borrower, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.06%, (3 mo. USD LIBOR + 4.75%), Maturing October 15, 2025 |
|
|
|
|
818 |
|
|
|
796,570 |
|
|
|
|
|
PQ Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.76%, (3 mo. USD LIBOR + 2.50%), Maturing February 8, 2025 |
|
|
|
|
1,943 |
|
|
|
1,948,891 |
|
|
|
|
|
Pregis TopCo Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.25%, (3 mo. USD LIBOR + 4.00%), Maturing July 31, 2026 |
|
|
|
|
650 |
|
|
|
649,188 |
|
|
|
|
|
Spectrum Holdings III Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing January 31, 2025 |
|
|
|
|
359 |
|
|
|
317,308 |
|
|
|
|
|
Starfruit Finco B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025 |
|
|
|
|
3,035 |
|
|
|
2,978,795 |
|
|
|
|
|
Tata Chemicals North America, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.88%, (3 mo. USD LIBOR + 2.75%), Maturing August 7, 2020 |
|
|
|
|
1,019 |
|
|
|
1,020,488 |
|
|
|
|
|
Trinseo Materials Operating S.C.A. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing September 6, 2024 |
|
|
|
|
2,785 |
|
|
|
2,773,409 |
|
|
|
|
|
Tronox Finance, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.82%, (USD LIBOR + 2.75%), Maturing September 23, 2024(4) |
|
|
|
|
3,368 |
|
|
|
3,371,412 |
|
|
|
|
|
Univar, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing July 1, 2024 |
|
|
|
|
2,376 |
|
|
|
2,386,181 |
|
|
|
|
|
Venator Materials Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing August 8, 2024 |
|
|
|
|
417 |
|
|
|
410,253 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Chemicals and Plastics (continued) |
|
|
|
|
|
Versum Materials, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.10%, (3 mo. USD LIBOR + 2.00%), Maturing September 29, 2023 |
|
|
|
|
|
|
703 |
|
|
$
|
704,715 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
43,383,310 |
|
|
Conglomerates — 0.0%(5) |
|
|
|
|
|
Penn Engineering & Manufacturing Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing June 27, 2024 |
|
|
|
|
|
|
245 |
|
|
$ |
241,772 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
241,772 |
|
|
Containers and Glass Products — 1.5% |
|
|
|
|
|
Berlin Packaging, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.10%, (USD LIBOR + 3.00%), Maturing November 7,
2025(4) |
|
|
|
|
|
|
247 |
|
|
$ |
242,973 |
|
|
|
|
|
Berry Global, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.25%), Maturing October 1, 2022 |
|
|
|
|
|
|
961 |
|
|
|
966,096 |
|
|
|
|
|
Term Loan, 2.50%, (1 mo. EURIBOR + 2.50%), Maturing July 1, 2026 |
|
|
EUR |
|
|
|
299 |
|
|
|
329,735 |
|
|
|
|
|
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.50%), Maturing July 1, 2026 |
|
|
|
|
|
|
998 |
|
|
|
1,003,451 |
|
|
|
|
|
BWAY Holding Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.59%, (3 mo. USD LIBOR + 3.25%), Maturing April 3, 2024 |
|
|
|
|
|
|
2,577 |
|
|
|
2,528,162 |
|
|
|
|
|
Consolidated Container Company, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing May 22, 2024 |
|
|
|
|
|
|
441 |
|
|
|
439,458 |
|
|
|
|
|
Flex Acquisition Company, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.32%, (3 mo. USD LIBOR + 3.00%), Maturing December 29, 2023 |
|
|
|
|
|
|
2,198 |
|
|
|
2,117,838 |
|
|
|
|
|
Term Loan, 5.57%, (3 mo. USD LIBOR + 3.25%), Maturing June 29, 2025 |
|
|
|
|
|
|
1,517 |
|
|
|
1,463,619 |
|
|
|
|
|
Libbey Glass, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing April 9, 2021 |
|
|
|
|
|
|
972 |
|
|
|
755,678 |
|
|
|
|
|
Pelican Products, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing May 1, 2025 |
|
|
|
|
|
|
642 |
|
|
|
617,002 |
|
|
|
|
|
Reynolds Group Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2023 |
|
|
|
|
|
|
9,839 |
|
|
|
9,865,783 |
|
|
|
|
|
Ring Container Technologies Group, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing October 31, 2024 |
|
|
|
|
|
|
901 |
|
|
|
894,983 |
|
|
|
|
|
|
|
|
11 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Containers and Glass Products (continued) |
|
|
|
|
|
Trident TPI Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing October 17, 2024 |
|
|
|
|
|
|
836 |
|
|
$
|
809,524 |
|
|
|
|
|
Verallia Packaging S.A.S. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 2.75%, (1 mo. EURIBOR + 2.75%), Maturing October 29, 2022 |
|
|
EUR |
|
|
|
1,575 |
|
|
|
1,719,125 |
|
|
|
|
|
Term Loan, 2.75%, (1 mo. EURIBOR + 2.75%), Maturing August 1, 2025 |
|
|
EUR |
|
|
|
1,500 |
|
|
|
1,637,651 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
25,391,078 |
|
|
Cosmetics / Toiletries — 0.1% |
|
|
|
|
|
KIK Custom Products, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.26%, (3 mo. USD LIBOR + 4.00%), Maturing May 15, 2023 |
|
|
|
|
|
|
2,115 |
|
|
$ |
2,010,294 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,010,294 |
|
|
Drugs — 1.8% |
|
|
|
|
|
Akorn, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 9.06%, (8.31% cash (1 mo. USD LIBOR + 6.25%), 0.75% PIK), Maturing April 16, 2021 |
|
|
|
|
|
|
1,138 |
|
|
$ |
1,052,202 |
|
|
|
|
|
Alkermes, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.41%, (3 mo. USD LIBOR + 2.25%), Maturing March 23, 2023 |
|
|
|
|
|
|
1,121 |
|
|
|
1,122,399 |
|
|
|
|
|
Amneal Pharmaceuticals, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.56%, (1 mo. USD LIBOR + 3.50%), Maturing May 4, 2025 |
|
|
|
|
|
|
3,702 |
|
|
|
3,180,858 |
|
|
|
|
|
Arbor Pharmaceuticals, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.10%, (3 mo. USD LIBOR + 5.00%), Maturing July 5, 2023 |
|
|
|
|
|
|
2,293 |
|
|
|
2,115,754 |
|
|
|
|
|
Bausch Health Companies, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing June 2, 2025 |
|
|
|
|
|
|
5,603 |
|
|
|
5,631,568 |
|
|
|
|
|
Catalent Pharma Solutions, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing May 18, 2026 |
|
|
|
|
|
|
846 |
|
|
|
849,626 |
|
|
|
|
|
Endo Luxembourg Finance Company I S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.31%, (1 mo. USD LIBOR + 4.25%), Maturing April 29, 2024 |
|
|
|
|
|
|
5,303 |
|
|
|
4,836,279 |
|
|
|
|
|
Horizon Pharma, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.63%, (1 mo. USD LIBOR + 2.50%), Maturing May 22, 2026 |
|
|
|
|
|
|
654 |
|
|
|
657,195 |
|
|
|
|
|
Jaguar Holding Company II |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing August 18, 2022 |
|
|
|
|
|
|
6,330 |
|
|
|
6,343,261 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Drugs (continued) |
|
|
|
|
|
Mallinckrodt International Finance S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.75%), Maturing September 24, 2024 |
|
|
|
|
|
|
3,695 |
|
|
$
|
2,825,444 |
|
|
|
|
|
Term Loan, 5.18%, (3 mo. USD LIBOR + 3.00%), Maturing February 24, 2025 |
|
|
|
|
|
|
2,118 |
|
|
|
1,597,626 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
30,212,212 |
|
|
Ecological Services and Equipment — 0.4% |
|
|
|
|
|
Advanced Disposal Services, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.20%, (1 week USD LIBOR + 2.25%), Maturing November 10, 2023 |
|
|
|
|
|
|
2,340 |
|
|
$ |
2,348,691 |
|
|
|
|
|
EnergySolutions, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.75%), Maturing May 9, 2025 |
|
|
|
|
|
|
1,284 |
|
|
|
1,193,888 |
|
|
|
|
|
GFL Environmental, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing May 30, 2025 |
|
|
|
|
|
|
2,544 |
|
|
|
2,524,440 |
|
|
|
|
|
Patriot Container Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing March 20, 2025 |
|
|
|
|
|
|
148 |
|
|
|
147,011 |
|
|
|
|
|
US Ecology, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing August 14, 2026(6) |
|
|
|
|
|
|
275 |
|
|
|
276,977 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,491,007 |
|
|
Electronics / Electrical — 5.9% |
|
|
|
|
|
Almonde, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.70%, (6 mo. USD LIBOR + 3.50%), Maturing June 13, 2024 |
|
|
|
|
|
|
2,793 |
|
|
$ |
2,722,811 |
|
|
|
|
|
Applied Systems, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.10%, (3 mo. USD LIBOR + 3.00%), Maturing September 19, 2024 |
|
|
|
|
|
|
3,093 |
|
|
|
3,093,159 |
|
|
|
|
|
Aptean, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.35%, (3 mo. USD LIBOR + 4.25%), Maturing April 23, 2026 |
|
|
|
|
|
|
547 |
|
|
|
545,882 |
|
|
|
|
|
Term Loan - Second Lien, 10.60%, (3 mo. USD LIBOR + 8.50%), Maturing April 23, 2027 |
|
|
|
|
|
|
1,450 |
|
|
|
1,435,500 |
|
|
|
|
|
Avast Software B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.35%, (3 mo. USD LIBOR + 2.25%), Maturing September 30, 2023 |
|
|
|
|
|
|
831 |
|
|
|
836,993 |
|
|
|
|
|
Banff Merger Sub, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.75%, (3 mo. EURIBOR + 4.75%), Maturing October 2, 2025 |
|
|
EUR |
|
|
|
298 |
|
|
|
326,480 |
|
|
|
|
|
Term Loan, 6.29%, (1 mo. USD LIBOR + 4.25%), Maturing October 2, 2025 |
|
|
|
|
|
|
3,002 |
|
|
|
2,896,058 |
|
|
|
|
|
Barracuda Networks, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.40%, (3 mo. USD LIBOR + 3.25%), Maturing February 12, 2025 |
|
|
|
|
|
|
967 |
|
|
|
969,158 |
|
|
|
|
|
|
|
|
12 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Electronics / Electrical (continued) |
|
|
|
|
|
Blackhawk Network Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing June 15, 2025 |
|
|
|
|
839 |
|
|
$
|
837,976 |
|
|
|
|
|
Canyon Valor Companies, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.75%), Maturing June 16, 2023 |
|
|
|
|
1,703 |
|
|
|
1,703,096 |
|
|
|
|
|
Carbonite, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.01%, (3 mo. USD LIBOR + 3.75%), Maturing March 26, 2026 |
|
|
|
|
441 |
|
|
|
441,920 |
|
|
|
|
|
Celestica, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.50%), Maturing June 27, 2025 |
|
|
|
|
372 |
|
|
|
367,070 |
|
|
|
|
|
Cohu, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.20%, (6 mo. USD LIBOR + 3.00%), Maturing October 1, 2025 |
|
|
|
|
817 |
|
|
|
775,912 |
|
|
|
|
|
CommScope, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing April 6, 2026 |
|
|
|
|
1,825 |
|
|
|
1,821,943 |
|
|
|
|
|
CPI International, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.55%, (1 mo. USD LIBOR + 3.50%), Maturing July 26, 2024 |
|
|
|
|
711 |
|
|
|
699,251 |
|
|
|
|
|
Datto, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.29%, (1 mo. USD LIBOR + 4.25%), Maturing April 2, 2026 |
|
|
|
|
374 |
|
|
|
377,959 |
|
|
|
|
|
DigiCert, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.04%, (1 mo. USD LIBOR + 4.00%), Maturing October 31, 2024 |
|
|
|
|
1,185 |
|
|
|
1,186,636 |
|
|
|
|
|
ECI Macola/Max Holding, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.35%, (3 mo. USD LIBOR + 4.25%), Maturing September 27, 2024 |
|
|
|
|
837 |
|
|
|
835,193 |
|
|
|
|
|
Electro Rent Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.28%, (3 mo. USD LIBOR + 5.00%), Maturing January 31, 2024 |
|
|
|
|
1,434 |
|
|
|
1,441,610 |
|
|
|
|
|
Energizer Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.38%, (1 mo. USD LIBOR + 2.25%), Maturing December 17, 2025 |
|
|
|
|
565 |
|
|
|
565,990 |
|
|
|
|
|
Epicor Software Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.25%), Maturing June 1, 2022 |
|
|
|
|
221 |
|
|
|
221,224 |
|
|
|
|
|
EXC Holdings III Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.50%), Maturing December 2, 2024 |
|
|
|
|
516 |
|
|
|
517,734 |
|
|
|
|
|
Financial & Risk US Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing October 1, 2025 |
|
|
|
|
1,216 |
|
|
|
1,223,887 |
|
|
|
|
|
Flexera Software, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.55%, (1 mo. USD LIBOR + 3.50%), Maturing February 26, 2025 |
|
|
|
|
271 |
|
|
|
271,840 |
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Electronics / Electrical (continued) |
|
|
|
|
|
GlobalLogic Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing August 1, 2025 |
|
|
|
|
455 |
|
|
$
|
457,055 |
|
|
|
|
|
Go Daddy Operating Company, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing February 15, 2024 |
|
|
|
|
4,693 |
|
|
|
4,706,548 |
|
|
|
|
|
Hyland Software, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing July 1, 2024 |
|
|
|
|
5,598 |
|
|
|
5,604,692 |
|
|
|
|
|
Infoblox, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.54%, (1 mo. USD LIBOR + 4.50%), Maturing November 7, 2023 |
|
|
|
|
1,004 |
|
|
|
1,009,985 |
|
|
|
|
|
Infor (US), Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.75%), Maturing February 1, 2022 |
|
|
|
|
8,887 |
|
|
|
8,907,841 |
|
|
|
|
|
Informatica, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing August 5, 2022 |
|
EUR |
|
|
344 |
|
|
|
376,959 |
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing August 5, 2022 |
|
|
|
|
3,665 |
|
|
|
3,684,097 |
|
|
|
|
|
MA FinanceCo., LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing November 19, 2021 |
|
|
|
|
4,336 |
|
|
|
4,338,531 |
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024 |
|
|
|
|
533 |
|
|
|
528,028 |
|
|
|
|
|
MACOM Technology Solutions Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing May 17, 2024 |
|
|
|
|
1,470 |
|
|
|
1,340,965 |
|
|
|
|
|
Microchip Technology Incorporated |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.05%, (1 mo. USD LIBOR + 2.00%), Maturing May 29, 2025 |
|
|
|
|
1,567 |
|
|
|
1,576,358 |
|
|
|
|
|
Mirion Technologies, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.10%, (3 mo. USD LIBOR + 4.00%), Maturing March 6, 2026 |
|
|
|
|
398 |
|
|
|
399,928 |
|
|
|
|
|
MKS Instruments, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.79%, (1 mo. USD LIBOR + 1.75%), Maturing February 2, 2026 |
|
|
|
|
353 |
|
|
|
354,381 |
|
|
|
|
|
MTS Systems Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.31%, (1 mo. USD LIBOR + 3.25%), Maturing July 5, 2023 |
|
|
|
|
604 |
|
|
|
605,666 |
|
|
|
|
|
NCR Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 0.50%, Maturing August 8,
2026(2) |
|
|
|
|
507 |
|
|
|
507,933 |
|
|
|
|
|
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.50%), Maturing August 8, 2026 |
|
|
|
|
443 |
|
|
|
444,442 |
|
|
|
|
|
Renaissance Holding Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing May 30, 2025 |
|
|
|
|
1,284 |
|
|
|
1,263,424 |
|
|
|
|
|
|
|
|
13 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Electronics / Electrical (continued) |
|
|
|
|
|
Renaissance Holding Corp. (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan - Second Lien, 9.04%, (1 mo. USD LIBOR + 7.00%), Maturing May 29, 2026 |
|
|
|
|
200 |
|
|
$
|
193,167 |
|
|
|
|
|
Seattle Spinco, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024 |
|
|
|
|
3,602 |
|
|
|
3,564,400 |
|
|
|
|
|
SGS Cayman L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.48%, (3 mo. USD LIBOR + 5.38%), Maturing April 23, 2021 |
|
|
|
|
251 |
|
|
|
249,147 |
|
|
|
|
|
SkillSoft Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.95%, (6 mo. USD LIBOR + 4.75%), Maturing April 28, 2021 |
|
|
|
|
4,992 |
|
|
|
4,039,571 |
|
|
|
|
|
SolarWinds Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2024 |
|
|
|
|
1,179 |
|
|
|
1,181,784 |
|
|
|
|
|
Solera, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing March 3, 2023 |
|
|
|
|
859 |
|
|
|
856,460 |
|
|
|
|
|
SS&C Technologies Holdings Europe S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025 |
|
|
|
|
1,255 |
|
|
|
1,261,733 |
|
|
|
|
|
SS&C Technologies, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025 |
|
|
|
|
1,900 |
|
|
|
1,910,202 |
|
|
|
|
|
SurveyMonkey, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.68%, (1 week USD LIBOR + 3.75%), Maturing October 10, 2025 |
|
|
|
|
726 |
|
|
|
720,555 |
|
|
|
|
|
Sutherland Global Services, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.48%, (3 mo. USD LIBOR + 5.38%), Maturing April 23, 2021 |
|
|
|
|
1,079 |
|
|
|
1,070,323 |
|
|
|
|
|
Switch, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing June 27, 2024 |
|
|
|
|
269 |
|
|
|
269,821 |
|
|
|
|
|
Tibco Software, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.07%, (1 mo. USD LIBOR + 4.00%), Maturing June 30, 2026 |
|
|
|
|
1,312 |
|
|
|
1,316,119 |
|
|
|
|
|
TriTech Software Systems |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing August 29, 2025 |
|
|
|
|
893 |
|
|
|
839,655 |
|
|
|
|
|
TTM Technologies, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.60%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2024 |
|
|
|
|
297 |
|
|
|
298,148 |
|
|
|
|
|
Uber Technologies |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.55%, (1 mo. USD LIBOR + 3.50%), Maturing July 13, 2023 |
|
|
|
|
3,541 |
|
|
|
3,519,476 |
|
|
|
|
|
Term Loan, 6.03%, (1 mo. USD LIBOR + 4.00%), Maturing April 4, 2025 |
|
|
|
|
3,061 |
|
|
|
3,050,725 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Electronics / Electrical (continued) |
|
|
|
|
|
Ultimate Software Group, Inc. (The) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing May 4, 2026 |
|
|
|
|
|
|
1,725 |
|
|
$
|
1,735,997 |
|
|
|
|
|
Ultra Clean Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.54%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025 |
|
|
|
|
|
|
858 |
|
|
|
841,225 |
|
|
|
|
|
Verifone Systems, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.14%, (3 mo. USD LIBOR + 4.00%), Maturing August 20, 2025 |
|
|
|
|
|
|
1,267 |
|
|
|
1,214,553 |
|
|
|
|
|
Veritas Bermuda, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.55%, (USD LIBOR + 4.50%), Maturing January 27,
2023(4) |
|
|
|
|
|
|
2,672 |
|
|
|
2,530,592 |
|
|
|
|
|
Vero Parent, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.54%, (1 mo. USD LIBOR + 4.50%), Maturing August 16, 2024 |
|
|
|
|
|
|
2,597 |
|
|
|
2,587,525 |
|
|
|
|
|
Wall Street Systems Delaware, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing November 21, 2024 |
|
|
|
|
|
|
749 |
|
|
|
746,740 |
|
|
|
|
|
Western Digital Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.86%, (1 mo. USD LIBOR + 1.75%), Maturing April 29, 2023 |
|
|
|
|
|
|
2,198 |
|
|
|
2,197,043 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
98,417,076 |
|
|
Equipment Leasing — 0.5% |
|
|
|
|
|
Avolon TLB Borrower 1 (US), LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.79%, (1 mo. USD LIBOR + 1.75%), Maturing January 15, 2025 |
|
|
|
|
|
|
1,169 |
|
|
$ |
1,175,383 |
|
|
|
|
|
Delos Finance S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.85%, (3 mo. USD LIBOR + 1.75%), Maturing October 6, 2023 |
|
|
|
|
|
|
2,729 |
|
|
|
2,741,961 |
|
|
|
|
|
Flying Fortress, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.85%, (3 mo. USD LIBOR + 1.75%), Maturing October 30, 2022 |
|
|
|
|
|
|
3,455 |
|
|
|
3,469,720 |
|
|
|
|
|
IBC Capital Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.90%, (3 mo. USD LIBOR + 3.75%), Maturing September 11, 2023 |
|
|
|
|
|
|
616 |
|
|
|
612,804 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,999,868 |
|
|
Financial Intermediaries — 1.7% |
|
|
|
|
|
Apollo Commercial Real Estate Finance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.78%, (1 mo. USD LIBOR + 2.75%), Maturing May 15, 2026 |
|
|
|
|
|
|
449 |
|
|
$ |
448,303 |
|
|
|
|
|
Aretec Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.29%, (1 mo. USD LIBOR + 4.25%), Maturing October 1, 2025 |
|
|
|
|
|
|
1,390 |
|
|
|
1,344,762 |
|
|
|
|
|
|
|
|
14 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Financial Intermediaries (continued) |
|
|
|
|
|
Citco Funding, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2023 |
|
|
|
|
3,975 |
|
|
$
|
3,977,884 |
|
|
|
|
|
Claros Mortgage Trust, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing August 10, 2026 |
|
|
|
|
800 |
|
|
|
800,980 |
|
|
|
|
|
Clipper Acquisitions Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.82%, (1 mo. USD LIBOR + 1.75%), Maturing December 27, 2024 |
|
|
|
|
1,253 |
|
|
|
1,252,687 |
|
|
|
|
|
Ditech Holding Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 0.00%, Maturing June 30,
2022(7) |
|
|
|
|
4,058 |
|
|
|
1,639,379 |
|
|
|
|
|
Donnelley Financial Solutions, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing October 2, 2023 |
|
|
|
|
440 |
|
|
|
440,729 |
|
|
|
|
|
EIG Management Company, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing February 22, 2025 |
|
|
|
|
271 |
|
|
|
271,891 |
|
|
|
|
|
Evergood 4 ApS |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing February 6, 2025 |
|
EUR |
|
|
750 |
|
|
|
818,612 |
|
|
|
|
|
FinCo. I, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing December 27, 2022 |
|
|
|
|
955 |
|
|
|
959,343 |
|
|
|
|
|
Focus Financial Partners, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing July 3, 2024 |
|
|
|
|
3,023 |
|
|
|
3,039,914 |
|
|
|
|
|
Franklin Square Holdings L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.56%, (1 mo. USD LIBOR + 2.50%), Maturing August 1, 2025 |
|
|
|
|
545 |
|
|
|
547,223 |
|
|
|
|
|
Greenhill & Co., Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.28%, (1 mo. USD LIBOR + 3.25%), Maturing April 12, 2024 |
|
|
|
|
1,194 |
|
|
|
1,186,910 |
|
|
|
|
|
GreenSky Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.31%, (1 mo. USD LIBOR + 3.25%), Maturing March 31, 2025 |
|
|
|
|
1,527 |
|
|
|
1,524,842 |
|
|
|
|
|
Guggenheim Partners, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing July 21, 2023 |
|
|
|
|
2,723 |
|
|
|
2,694,034 |
|
|
|
|
|
Harbourvest Partners, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.28%, (1 mo. USD LIBOR + 2.25%), Maturing March 1, 2025 |
|
|
|
|
1,110 |
|
|
|
1,114,630 |
|
|
|
|
|
LPL Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.25%), Maturing September 23, 2024 |
|
|
|
|
1,564 |
|
|
|
1,574,343 |
|
|
|
|
|
Ocwen Loan Servicing, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.04%, (1 mo. USD LIBOR + 5.00%), Maturing December 4, 2020 |
|
|
|
|
310 |
|
|
|
306,165 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Financial Intermediaries (continued) |
|
|
|
|
|
Starwood Property Trust, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing July 27, 2026 |
|
|
|
|
|
|
525 |
|
|
$
|
526,956 |
|
|
|
|
|
StepStone Group L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.04%, (1 mo. USD LIBOR + 4.00%), Maturing March 27, 2025 |
|
|
|
|
|
|
640 |
|
|
|
641,851 |
|
|
|
|
|
Victory Capital Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.57%, (3 mo. USD LIBOR + 3.25%), Maturing July 1, 2026 |
|
|
|
|
|
|
1,367 |
|
|
|
1,374,857 |
|
|
|
|
|
Virtus Investment Partners, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.34%, (1 mo. USD LIBOR + 2.25%), Maturing June 1, 2024 |
|
|
|
|
|
|
638 |
|
|
|
641,018 |
|
|
|
|
|
Walker & Dunlop, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing November 7, 2025 |
|
|
|
|
|
|
868 |
|
|
|
871,965 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
27,999,278 |
|
|
Food Products — 1.4% |
|
|
|
|
|
Alphabet Holding Company, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing September 26, 2024 |
|
|
|
|
|
|
2,622 |
|
|
$ |
2,433,900 |
|
|
|
|
|
B&G Foods, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing September 17,
2026(6) |
|
|
|
|
|
|
275 |
|
|
|
276,547 |
|
|
|
|
|
Badger Buyer Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing September 30, 2024 |
|
|
|
|
|
|
392 |
|
|
|
337,120 |
|
|
|
|
|
CHG PPC Parent, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing March 31, 2025 |
|
|
|
|
|
|
494 |
|
|
|
494,367 |
|
|
|
|
|
Del Monte Foods, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.40%, (3 mo. USD LIBOR + 3.25%), Maturing February 18, 2021 |
|
|
|
|
|
|
3,739 |
|
|
|
2,822,939 |
|
|
|
|
|
Dole Food Company, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.80%, (1 mo. USD LIBOR + 2.75%), Maturing April 6, 2024 |
|
|
|
|
|
|
1,888 |
|
|
|
1,866,502 |
|
|
|
|
|
Froneri International PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 2.63%, (1 mo. EURIBOR + 2.63%), Maturing January 31, 2025 |
|
|
EUR |
|
|
|
3,075 |
|
|
|
3,379,667 |
|
|
|
|
|
Hearthside Food Solutions, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.69%), Maturing May 23, 2025 |
|
|
|
|
|
|
765 |
|
|
|
721,945 |
|
|
|
|
|
Term Loan, 6.04%, (1 mo. USD LIBOR + 4.00%), Maturing May 23, 2025 |
|
|
|
|
|
|
471 |
|
|
|
449,044 |
|
|
|
|
|
High Liner Foods Incorporated |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.51%, (USD LIBOR + 3.25%), Maturing April 24,
2021(4) |
|
|
|
|
|
|
964 |
|
|
|
961,595 |
|
|
|
|
|
|
|
|
15 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Food Products (continued) |
|
|
|
|
|
HLF Financing S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing August 18, 2025 |
|
|
|
|
|
|
1,089 |
|
|
$
|
1,092,208 |
|
|
|
|
|
Jacobs Douwe Egberts International B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 2.50%, (2 mo. EURIBOR + 2.00%, Floor 0.50%), Maturing November 1, 2025 |
|
|
EUR |
|
|
|
421 |
|
|
|
463,963 |
|
|
|
|
|
Term Loan, 4.13%, (1 mo. USD LIBOR + 2.00%), Maturing November 1, 2025 |
|
|
|
|
|
|
1,787 |
|
|
|
1,794,433 |
|
|
|
|
|
JBS USA Lux S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.50%), Maturing May 1, 2026 |
|
|
|
|
|
|
4,751 |
|
|
|
4,780,325 |
|
|
|
|
|
Nomad Foods Europe Midco Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.28%, (1 mo. USD LIBOR + 2.25%), Maturing May 15, 2024 |
|
|
|
|
|
|
1,305 |
|
|
|
1,306,492 |
|
|
|
|
|
Post Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing May 24, 2024 |
|
|
|
|
|
|
1,116 |
|
|
|
1,120,498 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
24,301,545 |
|
|
Food Service — 0.9% |
|
|
|
|
|
1011778 B.C. Unlimited Liability Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing February 16, 2024 |
|
|
|
|
|
|
7,202 |
|
|
$ |
7,233,860 |
|
|
|
|
|
Aramark Services, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.79%, (1 mo. USD LIBOR + 1.75%), Maturing March 11, 2025 |
|
|
|
|
|
|
933 |
|
|
|
936,160 |
|
|
|
|
|
Dhanani Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing July 20, 2025 |
|
|
|
|
|
|
542 |
|
|
|
498,757 |
|
|
|
|
|
IRB Holding Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.55%, (3 mo. USD LIBOR + 3.25%), Maturing February 5, 2025 |
|
|
|
|
|
|
2,000 |
|
|
|
1,993,527 |
|
|
|
|
|
KFC Holding Co. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.79%, (1 mo. USD LIBOR + 1.75%), Maturing April 3, 2025 |
|
|
|
|
|
|
1,164 |
|
|
|
1,166,600 |
|
|
|
|
|
NPC International, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (USD LIBOR + 3.50%), Maturing April 19,
2024(4) |
|
|
|
|
|
|
978 |
|
|
|
634,153 |
|
|
|
|
|
Restaurant Technologies, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025 |
|
|
|
|
|
|
223 |
|
|
|
223,731 |
|
|
|
|
|
US Foods, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing June 27, 2023 |
|
|
|
|
|
|
862 |
|
|
|
865,500 |
|
|
|
|
|
Term Loan, 4.05%, (1 mo. USD LIBOR + 2.00%), Maturing September 13, 2026 |
|
|
|
|
|
|
1,725 |
|
|
|
1,734,029 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
15,286,317 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Food / Drug Retailers — 0.3% |
|
|
|
|
|
Albertsons, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing November 17, 2025 |
|
|
|
|
|
|
1,998 |
|
|
$ |
2,012,350 |
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing August 17, 2026 |
|
|
|
|
|
|
2,318 |
|
|
|
2,335,121 |
|
|
|
|
|
Diplomat Pharmacy, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.55%, (1 mo. USD LIBOR + 4.50%), Maturing December 20, 2024 |
|
|
|
|
|
|
498 |
|
|
|
467,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,815,171 |
|
|
Forest Products — 0.0%(5) |
|
|
|
|
|
Clearwater Paper Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.31%, (1 mo. USD LIBOR + 3.25%), Maturing July 26, 2026 |
|
|
|
|
|
|
350 |
|
|
$ |
352,187 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
352,187 |
|
|
Health Care — 4.1% |
|
|
|
|
|
Acadia Healthcare Company, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing February 11, 2022 |
|
|
|
|
|
|
279 |
|
|
$ |
279,757 |
|
|
|
|
|
ADMI Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing April 30, 2025 |
|
|
|
|
|
|
1,827 |
|
|
|
1,812,032 |
|
|
|
|
|
Alliance Healthcare Services, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.54%, (1 mo. USD LIBOR + 4.50%), Maturing October 24, 2023 |
|
|
|
|
|
|
837 |
|
|
|
794,883 |
|
|
|
|
|
Term Loan - Second Lien, 12.04%, (1 mo. USD LIBOR + 10.00%), Maturing April 24, 2024 |
|
|
|
|
|
|
525 |
|
|
|
521,063 |
|
|
|
|
|
athenahealth, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.68%, (3 mo. USD LIBOR + 4.50%), Maturing February 11, 2026 |
|
|
|
|
|
|
1,965 |
|
|
|
1,957,347 |
|
|
|
|
|
Athletico Management, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing October 31, 2025 |
|
|
|
|
|
|
571 |
|
|
|
572,114 |
|
|
|
|
|
Avantor, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing November 21, 2024 |
|
|
|
|
|
|
1,283 |
|
|
|
1,293,778 |
|
|
|
|
|
BioClinica, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.44%, (2 mo. USD LIBOR + 4.25%), Maturing October 20, 2023 |
|
|
|
|
|
|
778 |
|
|
|
749,798 |
|
|
|
|
|
BW NHHC Holdco, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.05%, (1 mo. USD LIBOR + 5.00%), Maturing May 15, 2025 |
|
|
|
|
|
|
1,062 |
|
|
|
907,636 |
|
|
|
|
|
Carestream Dental Equipment, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing September 1, 2024 |
|
|
|
|
|
|
417 |
|
|
|
406,348 |
|
|
|
|
|
|
|
|
16 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Health Care (continued) |
|
|
|
|
|
CHG Healthcare Services, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing June 7, 2023 |
|
|
|
|
3,719 |
|
|
$
|
3,718,324 |
|
|
|
|
|
Concentra, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (3 mo. USD LIBOR + 2.50%), Maturing June 1, 2022 |
|
|
|
|
994 |
|
|
|
998,984 |
|
|
|
|
|
Convatec, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.18%, (1 week USD LIBOR + 2.25%), Maturing October 31, 2023 |
|
|
|
|
683 |
|
|
|
685,059 |
|
|
|
|
|
CPI Holdco, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (3 mo. USD LIBOR + 3.50%), Maturing March 21, 2024 |
|
|
|
|
904 |
|
|
|
903,729 |
|
|
|
|
|
CryoLife, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.35%, (3 mo. USD LIBOR + 3.25%), Maturing November 14, 2024 |
|
|
|
|
540 |
|
|
|
543,752 |
|
|
|
|
|
CTC AcquiCo GmbH |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 2.50%, (3 mo. EURIBOR + 2.50%), Maturing March 7, 2025 |
|
EUR |
|
|
903 |
|
|
|
980,276 |
|
|
|
|
|
DaVita, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing August 12, 2026 |
|
|
|
|
925 |
|
|
|
931,231 |
|
|
|
|
|
Ensemble RCM, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.00%, (3 mo. USD LIBOR + 3.75%), Maturing August 3, 2026 |
|
|
|
|
525 |
|
|
|
526,312 |
|
|
|
|
|
Envision Healthcare Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing October 10, 2025 |
|
|
|
|
4,814 |
|
|
|
3,939,148 |
|
|
|
|
|
Gentiva Health Services, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.81%, (1 mo. USD LIBOR + 3.75%), Maturing July 2, 2025 |
|
|
|
|
2,528 |
|
|
|
2,545,064 |
|
|
|
|
|
GHX Ultimate Parent Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.35%, (3 mo. USD LIBOR + 3.25%), Maturing June 28, 2024 |
|
|
|
|
956 |
|
|
|
949,559 |
|
|
|
|
|
Greatbatch Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.00%), Maturing October 27, 2022 |
|
|
|
|
1,184 |
|
|
|
1,191,444 |
|
|
|
|
|
Grifols Worldwide Operations USA, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.20%, (1 week USD LIBOR + 2.25%), Maturing January 31, 2025 |
|
|
|
|
3,924 |
|
|
|
3,948,290 |
|
|
|
|
|
Hanger, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing March 6, 2025 |
|
|
|
|
1,133 |
|
|
|
1,137,351 |
|
|
|
|
|
Inovalon Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.56%, (1 mo. USD LIBOR + 3.50%), Maturing April 2, 2025 |
|
|
|
|
1,287 |
|
|
|
1,296,049 |
|
|
|
|
|
IQVIA, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.10%, (3 mo. USD LIBOR + 2.00%), Maturing March 7, 2024 |
|
|
|
|
1,503 |
|
|
|
1,510,532 |
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Health Care (continued) |
|
|
|
|
|
IQVIA, Inc. (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.10%, (3 mo. USD LIBOR + 2.00%), Maturing January 17, 2025 |
|
|
|
|
1,495 |
|
|
$
|
1,501,506 |
|
|
|
|
|
Kinetic Concepts, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.25%, (USD Prime + 2.25%), Maturing February 2, 2024 |
|
|
|
|
3,128 |
|
|
|
3,139,242 |
|
|
|
|
|
Medical Solutions, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing June 9, 2024 |
|
|
|
|
810 |
|
|
|
804,086 |
|
|
|
|
|
MPH Acquisition Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.75%), Maturing June 7, 2023 |
|
|
|
|
2,323 |
|
|
|
2,217,892 |
|
|
|
|
|
National Mentor Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.30%, (1 mo. USD LIBOR + 4.25%), Maturing March 9, 2026 |
|
|
|
|
28 |
|
|
|
27,870 |
|
|
|
|
|
Term Loan, 6.30%, (1 mo. USD LIBOR + 4.25%), Maturing March 9, 2026 |
|
|
|
|
445 |
|
|
|
446,469 |
|
|
|
|
|
Navicure, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing November 1, 2024 |
|
|
|
|
836 |
|
|
|
836,511 |
|
|
|
|
|
Term Loan, Maturing September 18,
2026(6) |
|
|
|
|
1,000 |
|
|
|
1,000,312 |
|
|
|
|
|
One Call Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.41%, (3 mo. USD LIBOR + 5.25%), Maturing November 25, 2022 |
|
|
|
|
1,500 |
|
|
|
1,215,352 |
|
|
|
|
|
Ortho-Clinical Diagnostics S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.56%, (3 mo. USD LIBOR + 3.25%), Maturing June 30, 2025 |
|
|
|
|
3,912 |
|
|
|
3,794,252 |
|
|
|
|
|
Parexel International Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing September 27, 2024 |
|
|
|
|
2,583 |
|
|
|
2,460,505 |
|
|
|
|
|
Phoenix Guarantor, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.57%, (1 mo. USD LIBOR + 4.50%), Maturing March 5, 2026 |
|
|
|
|
1,945 |
|
|
|
1,951,812 |
|
|
|
|
|
Radiology Partners Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.22%, (USD LIBOR + 4.75%), Maturing July 9,
2025(4) |
|
|
|
|
621 |
|
|
|
614,018 |
|
|
|
|
|
RadNet, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.83%, (3 mo. USD LIBOR + 3.50%), Maturing June 30, 2023 |
|
|
|
|
1,878 |
|
|
|
1,859,496 |
|
|
|
|
|
Select Medical Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.58%, (USD LIBOR + 2.50%), Maturing March 6,
2025(4) |
|
|
|
|
2,447 |
|
|
|
2,450,953 |
|
|
|
|
|
Sotera Health Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing May 15, 2022 |
|
|
|
|
988 |
|
|
|
977,615 |
|
|
|
|
|
Sound Inpatient Physicians |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing June 27, 2025 |
|
|
|
|
494 |
|
|
|
491,590 |
|
|
|
|
|
|
|
|
17 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Health Care (continued) |
|
|
|
|
|
Surgery Center Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.25%), Maturing September 2, 2024 |
|
|
|
|
|
|
1,078 |
|
|
$
|
1,056,440 |
|
|
|
|
|
Team Health Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing February 6, 2024 |
|
|
|
|
|
|
2,364 |
|
|
|
1,958,490 |
|
|
|
|
|
Tecomet, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.28%, (1 mo. USD LIBOR + 3.25%), Maturing May 1, 2024 |
|
|
|
|
|
|
880 |
|
|
|
876,268 |
|
|
|
|
|
U.S. Anesthesia Partners, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing June 23, 2024 |
|
|
|
|
|
|
1,693 |
|
|
|
1,658,355 |
|
|
|
|
|
Verscend Holding Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.54%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025 |
|
|
|
|
|
|
1,584 |
|
|
|
1,591,591 |
|
|
|
|
|
Viant Medical Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.75%), Maturing July 2, 2025 |
|
|
|
|
|
|
495 |
|
|
|
463,444 |
|
|
|
|
|
Wink Holdco, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing December 2, 2024 |
|
|
|
|
|
|
491 |
|
|
|
484,035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
68,977,964 |
|
|
Home Furnishings — 0.2% |
|
|
|
|
|
Serta Simmons Bedding, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing November 8, 2023 |
|
|
|
|
|
|
5,192 |
|
|
$ |
3,214,638 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,214,638 |
|
|
Industrial Equipment — 2.5% |
|
|
|
|
|
AI Alpine AT Bidco GmbH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.80%, (1 mo. USD LIBOR + 2.75%), Maturing October 31, 2025 |
|
|
|
|
|
|
223 |
|
|
$ |
218,567 |
|
|
|
|
|
Altra Industrial Motion Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing October 1, 2025 |
|
|
|
|
|
|
734 |
|
|
|
734,781 |
|
|
|
|
|
Apex Tool Group, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.54%, (1 mo. USD LIBOR + 5.50%), Maturing August 1, 2024 |
|
|
|
|
|
|
2,511 |
|
|
|
2,444,864 |
|
|
|
|
|
Carlisle Foodservice Products, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing March 20, 2025 |
|
|
|
|
|
|
271 |
|
|
|
259,395 |
|
|
|
|
|
Clark Equipment Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.10%, (3 mo. USD LIBOR + 2.00%), Maturing May 18, 2024 |
|
|
|
|
|
|
1,335 |
|
|
|
1,340,072 |
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Industrial Equipment (continued) |
|
|
|
|
|
CPM Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing November 15, 2025 |
|
|
|
|
323 |
|
|
$
|
317,926 |
|
|
|
|
|
Delachaux Group S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing March 28, 2026 |
|
EUR |
|
|
375 |
|
|
|
411,733 |
|
|
|
|
|
Term Loan, 6.82%, (3 mo. USD LIBOR + 4.50%), Maturing March 28, 2026 |
|
|
|
|
475 |
|
|
|
473,516 |
|
|
|
|
|
DexKo Global, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 24, 2024 |
|
EUR |
|
|
323 |
|
|
|
346,725 |
|
|
|
|
|
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 24, 2024 |
|
EUR |
|
|
806 |
|
|
|
866,817 |
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing July 24, 2024 |
|
|
|
|
929 |
|
|
|
919,529 |
|
|
|
|
|
DXP Enterprises, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.79%, (1 mo. USD LIBOR + 4.75%), Maturing August 29, 2023 |
|
|
|
|
564 |
|
|
|
568,431 |
|
|
|
|
|
Dynacast International, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.35%, (3 mo. USD LIBOR + 3.25%), Maturing January 28, 2022 |
|
|
|
|
1,446 |
|
|
|
1,391,671 |
|
|
|
|
|
Engineered Machinery Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.35%, (3 mo. USD LIBOR + 3.25%), Maturing July 19, 2024 |
|
|
|
|
1,597 |
|
|
|
1,569,953 |
|
|
|
|
|
Term Loan, 6.35%, (3 mo. USD LIBOR + 4.25%), Maturing July 19, 2024 |
|
|
|
|
323 |
|
|
|
322,159 |
|
|
|
|
|
EWT Holdings III Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing December 20, 2024 |
|
|
|
|
2,268 |
|
|
|
2,279,405 |
|
|
|
|
|
Filtration Group Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing March 29, 2025 |
|
EUR |
|
|
394 |
|
|
|
433,735 |
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing March 29, 2025 |
|
|
|
|
1,659 |
|
|
|
1,664,693 |
|
|
|
|
|
Gardner Denver, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.00%, (1 mo. EURIBOR + 3.00%), Maturing July 30, 2024 |
|
EUR |
|
|
448 |
|
|
|
492,313 |
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing July 30, 2024 |
|
|
|
|
1,046 |
|
|
|
1,050,632 |
|
|
|
|
|
Gates Global, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing April 1, 2024 |
|
EUR |
|
|
975 |
|
|
|
1,052,847 |
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing April 1, 2024 |
|
|
|
|
4,959 |
|
|
|
4,896,618 |
|
|
|
|
|
Hayward Industries, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing August 5, 2024 |
|
|
|
|
490 |
|
|
|
475,147 |
|
|
|
|
|
|
|
|
18 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Industrial Equipment (continued) |
|
|
|
|
|
LTI Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing September 6, 2025 |
|
|
|
|
|
|
470 |
|
|
$
|
446,150 |
|
|
|
|
|
Term Loan, 6.79%, (1 mo. USD LIBOR + 4.75%), Maturing July 24, 2026 |
|
|
|
|
|
|
200 |
|
|
|
195,500 |
|
|
|
|
|
Milacron, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2023 |
|
|
|
|
|
|
2,727 |
|
|
|
2,730,743 |
|
|
|
|
|
Pro Mach Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.81%, (1 mo. USD LIBOR + 2.75%), Maturing March 7, 2025 |
|
|
|
|
|
|
246 |
|
|
|
240,155 |
|
|
|
|
|
Quimper AB |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing February 13, 2026 |
|
|
EUR |
|
|
|
87 |
|
|
|
94,775 |
|
|
|
|
|
Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing February 13, 2026 |
|
|
EUR |
|
|
|
1,788 |
|
|
|
1,957,398 |
|
|
|
|
|
Rexnord, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing August 21, 2024 |
|
|
|
|
|
|
3,105 |
|
|
|
3,126,595 |
|
|
|
|
|
Robertshaw US Holding Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.31%, (1 mo. USD LIBOR + 3.25%), Maturing February 28, 2025 |
|
|
|
|
|
|
1,034 |
|
|
|
948,924 |
|
|
|
|
|
Shape Technologies Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.26%, (3 mo. USD LIBOR + 3.00%), Maturing April 21, 2025 |
|
|
|
|
|
|
247 |
|
|
|
227,125 |
|
|
|
|
|
Tank Holding Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.52%, (USD LIBOR + 4.00%), Maturing March 26,
2026(4) |
|
|
|
|
|
|
500 |
|
|
|
501,666 |
|
|
|
|
|
Thermon Industries, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.85%, (1 mo. USD LIBOR + 3.75%), Maturing October 24, 2024 |
|
|
|
|
|
|
312 |
|
|
|
313,181 |
|
|
|
|
|
Titan Acquisition Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing March 28, 2025 |
|
|
|
|
|
|
3,127 |
|
|
|
3,002,280 |
|
|
|
|
|
Welbilt, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing October 23, 2025 |
|
|
|
|
|
|
1,767 |
|
|
|
1,767,961 |
|
|
|
|
|
Wittur GmbH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.00%, (3 mo. EURIBOR + 4.00%, Floor 1.00%), Maturing March 31,
2022 |
|
|
EUR |
|
|
|
1,100 |
|
|
|
1,202,192 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
41,286,174 |
|
|
Insurance — 1.8% |
|
|
|
|
|
Alliant Holdings Intermediate, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.05%, (1 mo. USD LIBOR + 3.00%), Maturing May 9, 2025 |
|
|
|
|
|
|
2,743 |
|
|
$ |
2,698,844 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Insurance (continued) |
|
|
|
|
|
Alliant Holdings Intermediate, LLC (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing May 9, 2025 |
|
|
|
|
|
|
474 |
|
|
$
|
470,999 |
|
|
|
|
|
AmWINS Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.80%, (1 mo. USD LIBOR + 2.75%), Maturing January 25, 2024 |
|
|
|
|
|
|
3,893 |
|
|
|
3,899,105 |
|
|
|
|
|
Asurion, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing August 4, 2022 |
|
|
|
|
|
|
4,688 |
|
|
|
4,707,147 |
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing November 3, 2023 |
|
|
|
|
|
|
2,685 |
|
|
|
2,697,754 |
|
|
|
|
|
Term Loan - Second Lien, 8.54%, (1 mo. USD LIBOR + 6.50%), Maturing August 4, 2025 |
|
|
|
|
|
|
2,750 |
|
|
|
2,796,978 |
|
|
|
|
|
Financiere CEP S.A.S. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing January 16, 2025 |
|
|
EUR |
|
|
|
550 |
|
|
|
603,470 |
|
|
|
|
|
FrontDoor, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.56%, (1 mo. USD LIBOR + 2.50%), Maturing August 16, 2025 |
|
|
|
|
|
|
470 |
|
|
|
473,177 |
|
|
|
|
|
Hub International Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.27%, (3 mo. USD LIBOR + 3.00%), Maturing April 25, 2025 |
|
|
|
|
|
|
5,135 |
|
|
|
5,085,252 |
|
|
|
|
|
NFP Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing January 8, 2024 |
|
|
|
|
|
|
2,668 |
|
|
|
2,626,070 |
|
|
|
|
|
Sedgwick Claims Management Services, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing December 31, 2025 |
|
|
|
|
|
|
1,265 |
|
|
|
1,247,405 |
|
|
|
|
|
USI, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.10%, (3 mo. USD LIBOR + 3.00%), Maturing May 16, 2024 |
|
|
|
|
|
|
3,185 |
|
|
|
3,134,572 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
30,440,773 |
|
|
Leisure Goods / Activities / Movies — 2.5% |
|
|
|
|
|
AMC Entertainment Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.23%, (6 mo. USD LIBOR + 3.00%), Maturing April 22, 2026 |
|
|
|
|
|
|
1,866 |
|
|
$ |
1,876,119 |
|
|
|
|
|
Amer Sports Oyj |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), Maturing March 30, 2026 |
|
|
EUR |
|
|
|
3,550 |
|
|
|
3,880,812 |
|
|
|
|
|
Ancestry.com Operations, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.30%, (1 mo. USD LIBOR + 4.25%), Maturing August 27, 2026 |
|
|
|
|
|
|
4,289 |
|
|
|
4,266,015 |
|
|
|
|
|
BidFair MergeRight, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing January 23, 2027(6) |
|
|
|
|
|
|
700 |
|
|
|
693,875 |
|
|
|
|
|
|
|
|
19 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Leisure Goods / Activities / Movies (continued) |
|
|
|
|
|
Bombardier Recreational Products, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing May 23, 2025 |
|
|
|
|
5,315 |
|
|
$
|
5,313,496 |
|
|
|
|
|
ClubCorp Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.75%), Maturing September 18, 2024 |
|
|
|
|
1,959 |
|
|
|
1,751,421 |
|
|
|
|
|
Crown Finance US, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 2.38%, (1 mo. EURIBOR + 2.38%), Maturing February 28, 2025 |
|
EUR |
|
|
293 |
|
|
|
320,402 |
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing February 28, 2025 |
|
|
|
|
1,783 |
|
|
|
1,773,465 |
|
|
|
|
|
Term Loan, Maturing September 20,
2026(6) |
|
|
|
|
1,525 |
|
|
|
1,521,569 |
|
|
|
|
|
Delta 2 (LUX) S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing February 1, 2024 |
|
|
|
|
725 |
|
|
|
717,804 |
|
|
|
|
|
Emerald Expositions Holding, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing May 22, 2024 |
|
|
|
|
1,201 |
|
|
|
1,171,150 |
|
|
|
|
|
Etraveli Holding AB |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing August 2, 2024 |
|
EUR |
|
|
950 |
|
|
|
1,044,513 |
|
|
|
|
|
Lindblad Expeditions, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing March 27, 2025 |
|
|
|
|
468 |
|
|
|
469,298 |
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing March 27, 2025 |
|
|
|
|
1,870 |
|
|
|
1,877,192 |
|
|
|
|
|
Live Nation Entertainment, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.69%, (1 week USD LIBOR + 1.75%), Maturing October 31, 2023 |
|
|
|
|
3,700 |
|
|
|
3,719,814 |
|
|
|
|
|
Match Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.66%, (2 mo. USD LIBOR + 2.50%), Maturing November 16, 2022 |
|
|
|
|
974 |
|
|
|
978,868 |
|
|
|
|
|
NASCAR Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing July 27, 2026(6) |
|
|
|
|
775 |
|
|
|
781,478 |
|
|
|
|
|
Sabre GLBL, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing February 22, 2024 |
|
|
|
|
1,129 |
|
|
|
1,134,865 |
|
|
|
|
|
SeaWorld Parks & Entertainment, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing March 31, 2024 |
|
|
|
|
2,208 |
|
|
|
2,209,385 |
|
|
|
|
|
SRAM, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.84%, (1 mo. USD LIBOR + 2.75%), Maturing March 15, 2024 |
|
|
|
|
1,235 |
|
|
|
1,239,325 |
|
|
|
|
|
Steinway Musical Instruments, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.78%, (1 mo. USD LIBOR + 3.75%), Maturing February 14, 2025 |
|
|
|
|
911 |
|
|
|
905,430 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Leisure Goods / Activities / Movies (continued) |
|
|
|
|
|
Travel Leaders Group, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.05%, (1 mo. USD LIBOR + 4.00%), Maturing January 25, 2024 |
|
|
|
|
|
|
963 |
|
|
$
|
964,016 |
|
|
|
|
|
UFC Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.25%), Maturing April 29, 2026 |
|
|
|
|
|
|
3,149 |
|
|
|
3,164,390 |
|
|
|
|
|
Vue International Bidco PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.75%, (3 mo. EURIBOR + 4.75%), Maturing June 14, 2026 |
|
|
EUR |
|
|
|
657 |
|
|
|
723,132 |
|
|
|
|
|
Term Loan, Maturing June 18, 2026(6) |
|
|
EUR |
|
|
|
118 |
|
|
|
130,027 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
42,627,861 |
|
|
Lodging and Casinos — 1.9% |
|
|
|
|
|
Aimbridge Acquisition Co., Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.82%, (1 mo. USD LIBOR + 3.75%), Maturing February 2, 2026 |
|
|
|
|
|
|
274 |
|
|
$ |
273,625 |
|
|
|
|
|
Aristocrat Technologies, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.03%, (3 mo. USD LIBOR + 1.75%), Maturing October 19, 2024 |
|
|
|
|
|
|
1,089 |
|
|
|
1,094,383 |
|
|
|
|
|
Azelis Finance S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.00%, (6 mo. EURIBOR + 4.00%), Maturing November 7, 2025 |
|
|
EUR |
|
|
|
1,925 |
|
|
|
2,113,891 |
|
|
|
|
|
Boyd Gaming Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.17%, (1 week USD LIBOR + 2.25%), Maturing September 15, 2023 |
|
|
|
|
|
|
1,004 |
|
|
|
1,008,681 |
|
|
|
|
|
CityCenter Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing April 18, 2024 |
|
|
|
|
|
|
2,790 |
|
|
|
2,799,901 |
|
|
|
|
|
Eldorado Resorts, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.31%, (1 mo. USD LIBOR + 2.25%), Maturing April 17, 2024 |
|
|
|
|
|
|
871 |
|
|
|
871,272 |
|
|
|
|
|
ESH Hospitality, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing September 18, 2026 |
|
|
|
|
|
|
1,209 |
|
|
|
1,215,609 |
|
|
|
|
|
Four Seasons Hotels Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing November 30, 2023 |
|
|
|
|
|
|
1,070 |
|
|
|
1,076,054 |
|
|
|
|
|
Golden Nugget, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.80%, (1 mo. USD LIBOR + 2.75%), Maturing October 4, 2023 |
|
|
|
|
|
|
3,585 |
|
|
|
3,583,341 |
|
|
|
|
|
GVC Holdings PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 2.50%, (6 mo. EURIBOR + 2.50%), Maturing March 29, 2024 |
|
|
EUR |
|
|
|
1,850 |
|
|
|
2,032,791 |
|
|
|
|
|
Term Loan, 4.45%, (6 mo. USD LIBOR + 2.25%), Maturing March 29, 2024 |
|
|
|
|
|
|
1,157 |
|
|
|
1,160,630 |
|
|
|
|
|
|
|
|
20 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Lodging and Casinos (continued) |
|
|
|
|
|
Hanjin International Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.55%, (1 mo. USD LIBOR + 2.50%), Maturing October 18, 2020 |
|
|
|
|
|
|
550 |
|
|
$
|
551,375 |
|
|
|
|
|
MGM Growth Properties Operating Partnership L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing March 21, 2025 |
|
|
|
|
|
|
2,268 |
|
|
|
2,275,900 |
|
|
|
|
|
Playa Resorts Holding B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing April 29, 2024 |
|
|
|
|
|
|
2,669 |
|
|
|
2,602,256 |
|
|
|
|
|
Stars Group Holdings B.V. (The) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 10, 2025 |
|
|
EUR |
|
|
|
975 |
|
|
|
1,076,206 |
|
|
|
|
|
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.50%), Maturing July 10, 2025 |
|
|
|
|
|
|
3,825 |
|
|
|
3,845,281 |
|
|
|
|
|
VICI Properties 1, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.05%, (1 mo. USD LIBOR + 2.00%), Maturing December 20, 2024 |
|
|
|
|
|
|
2,315 |
|
|
|
2,323,775 |
|
|
|
|
|
Wyndham Hotels & Resorts, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.79%, (1 mo. USD LIBOR + 1.75%), Maturing May 30, 2025 |
|
|
|
|
|
|
1,361 |
|
|
|
1,369,475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
31,274,446 |
|
|
Nonferrous Metals / Minerals — 0.2% |
|
|
|
|
|
CD&R Hydra Buyer, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.50%, (0.00% cash, 7.50% PIK), Maturing August 15, 2021(3)(8) |
|
|
|
|
|
|
151 |
|
|
$ |
122,172 |
|
|
|
|
|
Murray Energy Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 9.35%, (3 mo. USD LIBOR + 7.25%), Maturing October 17, 2022 |
|
|
|
|
|
|
2,267 |
|
|
|
901,249 |
|
|
|
|
|
Noranda Aluminum Acquisition Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 0.00%, Maturing February 28,
2020(7) |
|
|
|
|
|
|
452 |
|
|
|
27,110 |
|
|
|
|
|
Oxbow Carbon, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing January 4, 2023 |
|
|
|
|
|
|
639 |
|
|
|
638,750 |
|
|
|
|
|
Rain Carbon GmbH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), Maturing January 16, 2025 |
|
|
EUR |
|
|
|
1,025 |
|
|
|
1,063,201 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,752,482 |
|
|
Oil and Gas — 0.9% |
|
|
|
|
|
Ameriforge Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 9.10%, (3 mo. USD LIBOR + 7.00%), Maturing June 8, 2022 |
|
|
|
|
|
|
739 |
|
|
$ |
739,177 |
|
|
|
|
|
Apergy Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.56%, (1 mo. USD LIBOR + 2.50%), Maturing May 9, 2025 |
|
|
|
|
|
|
267 |
|
|
|
267,341 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Oil and Gas (continued) |
|
|
|
|
|
Blackstone CQP Holdco L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.66%, (3 mo. USD LIBOR + 3.50%), Maturing September 30, 2024 |
|
|
|
|
|
|
1,022 |
|
|
$
|
1,028,668 |
|
|
|
|
|
Centurion Pipeline Company, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing September 29, 2025 |
|
|
|
|
|
|
273 |
|
|
|
273,620 |
|
|
|
|
|
CITGO Holding, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 9.04%, (1 mo. USD LIBOR + 7.00%), Maturing July 24, 2023 |
|
|
|
|
|
|
250 |
|
|
|
255,469 |
|
|
|
|
|
CITGO Petroleum Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.60%, (3 mo. USD LIBOR + 4.50%), Maturing July 29, 2021 |
|
|
|
|
|
|
1,718 |
|
|
|
1,727,053 |
|
|
|
|
|
Term Loan, 7.10%, (3 mo. USD LIBOR + 5.00%), Maturing March 28, 2024 |
|
|
|
|
|
|
2,537 |
|
|
|
2,553,108 |
|
|
|
|
|
Delek US Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing March 31, 2025 |
|
|
|
|
|
|
593 |
|
|
|
592,998 |
|
|
|
|
|
Fieldwood Energy, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.51%, (3 mo. USD LIBOR + 5.25%), Maturing April 11, 2022 |
|
|
|
|
|
|
2,771 |
|
|
|
2,408,983 |
|
|
|
|
|
Matador Bidco S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing June 12, 2026(6) |
|
|
|
|
|
|
575 |
|
|
|
577,276 |
|
|
|
|
|
McDermott Technology Americas, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.10%, (3 mo. USD LIBOR + 5.00%), Maturing May 9, 2025 |
|
|
|
|
|
|
1,305 |
|
|
|
834,554 |
|
|
|
|
|
Prairie ECI Acquiror L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.85%, (3 mo. USD LIBOR + 4.75%), Maturing March 11, 2026 |
|
|
|
|
|
|
896 |
|
|
|
879,829 |
|
|
|
|
|
PSC Industrial Holdings Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.78%, (1 mo. USD LIBOR + 3.75%), Maturing October 3, 2024 |
|
|
|
|
|
|
786 |
|
|
|
784,526 |
|
|
|
|
|
Sheridan Investment Partners II L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
DIP Loan, 5.51%, (1 mo. USD LIBOR + 7.00%), Maturing March 17, 2020(2) |
|
|
|
|
|
|
107 |
|
|
|
106,977 |
|
|
|
|
|
Term Loan, 0.00%, Maturing
December 16, 2020(7) |
|
|
|
|
|
|
45 |
|
|
|
23,835 |
|
|
|
|
|
Term Loan, 0.00%, Maturing
December 16, 2020(7) |
|
|
|
|
|
|
122 |
|
|
|
63,911 |
|
|
|
|
|
Term Loan, 0.00%, Maturing
December 16, 2020(7) |
|
|
|
|
|
|
875 |
|
|
|
459,435 |
|
|
|
|
|
Sheridan Production Partners I, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.56%, (1 mo. USD LIBOR + 3.50%), Maturing October 18, 2019 |
|
|
|
|
|
|
108 |
|
|
|
84,250 |
|
|
|
|
|
Term Loan, 5.56%, (1 mo. USD LIBOR + 3.50%), Maturing October 18, 2019 |
|
|
|
|
|
|
177 |
|
|
|
137,932 |
|
|
|
|
|
Term Loan, 5.56%, (1 mo. USD LIBOR + 3.50%), Maturing October 18, 2019 |
|
|
|
|
|
|
1,339 |
|
|
|
1,044,278 |
|
|
|
|
|
UGI Energy Services, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing August 13, 2026 |
|
|
|
|
|
|
1,072 |
|
|
|
1,081,695 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
15,924,915 |
|
|
|
|
|
|
|
|
21 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Publishing — 0.4% |
|
|
|
|
|
Ascend Learning, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing July 12, 2024 |
|
|
|
|
|
|
1,201 |
|
|
$ |
1,197,686 |
|
|
|
|
|
Getty Images, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.56%, (1 mo. USD LIBOR + 4.50%), Maturing February 19, 2026 |
|
|
|
|
|
|
1,092 |
|
|
|
1,088,338 |
|
|
|
|
|
Harland Clarke Holdings Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.85%, (3 mo. USD LIBOR + 4.75%), Maturing November 3, 2023 |
|
|
|
|
|
|
362 |
|
|
|
286,094 |
|
|
|
|
|
Lamar Media Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.81%, (1 mo. USD LIBOR + 1.75%), Maturing March 14, 2025 |
|
|
|
|
|
|
566 |
|
|
|
569,561 |
|
|
|
|
|
LSC Communications, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.45%, (1 week USD LIBOR + 5.50%), Maturing September 30, 2022 |
|
|
|
|
|
|
884 |
|
|
|
744,349 |
|
|
|
|
|
ProQuest, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing October 24, 2021 |
|
|
|
|
|
|
1,821 |
|
|
|
1,824,184 |
|
|
|
|
|
Tweddle Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.55%, (1 mo. USD LIBOR + 4.50%), Maturing September 17, 2023 |
|
|
|
|
|
|
657 |
|
|
|
609,380 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,319,592 |
|
|
Radio and Television — 1.2% |
|
|
|
|
|
ALM Media Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.60%, (3 mo. USD LIBOR + 4.50%), Maturing July 31, 2020 |
|
|
|
|
|
|
502 |
|
|
$ |
466,463 |
|
|
|
|
|
Cumulus Media New Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing March 17, 2026(6) |
|
|
|
|
|
|
475 |
|
|
|
476,880 |
|
|
|
|
|
Diamond Sports Group, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.25%), Maturing August 24, 2026 |
|
|
|
|
|
|
3,100 |
|
|
|
3,120,829 |
|
|
|
|
|
E.W. Scripps Company (The) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing October 2, 2024 |
|
|
|
|
|
|
417 |
|
|
|
413,723 |
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing May 1, 2026 |
|
|
|
|
|
|
299 |
|
|
|
299,209 |
|
|
|
|
|
Entercom Media Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.80%, (1 mo. USD LIBOR + 2.75%), Maturing November 18, 2024 |
|
|
|
|
|
|
1,149 |
|
|
|
1,151,751 |
|
|
|
|
|
Entravision Communications Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing November 29, 2024 |
|
|
|
|
|
|
956 |
|
|
|
931,775 |
|
|
|
|
|
Gray Television, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.58%, (3 mo. USD LIBOR + 2.25%), Maturing February 7, 2024 |
|
|
|
|
|
|
278 |
|
|
|
278,946 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Radio and Television (continued) |
|
|
|
|
|
Gray Television, Inc. (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.83%, (3 mo. USD LIBOR + 2.50%), Maturing January 2, 2026 |
|
|
|
|
|
|
744 |
|
|
$
|
748,296 |
|
|
|
|
|
Hubbard Radio, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.55%, (1 mo. USD LIBOR + 3.50%), Maturing March 28, 2025 |
|
|
|
|
|
|
840 |
|
|
|
840,087 |
|
|
|
|
|
iHeartCommunications, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.10%, (1 mo. USD LIBOR + 4.00%), Maturing May 1, 2026 |
|
|
|
|
|
|
618 |
|
|
|
622,393 |
|
|
|
|
|
Mission Broadcasting, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.35%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024 |
|
|
|
|
|
|
36 |
|
|
|
35,574 |
|
|
|
|
|
Nexstar Broadcasting, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024 |
|
|
|
|
|
|
178 |
|
|
|
178,580 |
|
|
|
|
|
Term Loan, 4.81%, (1 mo. USD LIBOR + 2.75%), Maturing September 18, 2026 |
|
|
|
|
|
|
525 |
|
|
|
528,227 |
|
|
|
|
|
Sinclair Television Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.25%), Maturing January 3, 2024 |
|
|
|
|
|
|
491 |
|
|
|
493,746 |
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing September 30, 2026 |
|
|
|
|
|
|
650 |
|
|
|
653,860 |
|
|
|
|
|
Townsquare Media, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing April 1, 2022 |
|
|
|
|
|
|
2,276 |
|
|
|
2,278,672 |
|
|
|
|
|
Univision Communications, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing March 15, 2024 |
|
|
|
|
|
|
7,656 |
|
|
|
7,453,316 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
20,972,327 |
|
|
Retailers (Except Food and Drug) — 1.2% |
|
|
|
|
|
Apro, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.04%, (1 mo. USD LIBOR + 4.00%), Maturing August 8, 2024 |
|
|
|
|
|
|
289 |
|
|
$ |
288,861 |
|
|
|
|
|
Ascena Retail Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.56%, (1 mo. USD LIBOR + 4.50%), Maturing August 21, 2022 |
|
|
|
|
|
|
3,226 |
|
|
|
1,816,339 |
|
|
|
|
|
Bass Pro Group, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.04%, (1 mo. USD LIBOR + 5.00%), Maturing September 25, 2024 |
|
|
|
|
|
|
1,519 |
|
|
|
1,466,072 |
|
|
|
|
|
BJ’s Wholesale Club, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing February 3, 2024 |
|
|
|
|
|
|
1,056 |
|
|
|
1,059,842 |
|
|
|
|
|
CDW, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.80%, (1 mo. USD LIBOR + 1.75%), Maturing August 17, 2023 |
|
|
|
|
|
|
2,499 |
|
|
|
2,514,419 |
|
|
|
|
|
|
|
|
22 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Retailers (Except Food and Drug) (continued) |
|
|
|
|
|
Coinamatic Canada, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing May 14, 2022 |
|
|
|
|
|
|
54 |
|
|
$
|
52,875 |
|
|
|
|
|
David’s Bridal, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.10%, (3 mo. USD LIBOR + 2.00%), Maturing December 31, 2019 |
|
|
|
|
|
|
25 |
|
|
|
25,000 |
|
|
|
|
|
Term Loan, 9.61%, (3 mo. USD LIBOR + 7.50%), Maturing July 17, 2023 |
|
|
|
|
|
|
463 |
|
|
|
399,397 |
|
|
|
|
|
Term Loan, 10.11%, (3 mo. USD LIBOR + 8.00%), Maturing January 18, 2024 |
|
|
|
|
|
|
1,760 |
|
|
|
835,806 |
|
|
|
|
|
Global Appliance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.05%, (1 mo. USD LIBOR + 4.00%), Maturing September 29, 2024 |
|
|
|
|
|
|
1,045 |
|
|
|
1,042,852 |
|
|
|
|
|
Hoya Midco, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing June 30, 2024 |
|
|
|
|
|
|
2,097 |
|
|
|
2,071,623 |
|
|
|
|
|
J. Crew Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.10%, (USD LIBOR + 3.00%), Maturing March 5,
2021(3)(4) |
|
|
|
|
|
|
3,721 |
|
|
|
2,910,988 |
|
|
|
|
|
LSF9 Atlantis Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 8.04%, (1 mo. USD LIBOR + 6.00%), Maturing May 1, 2023 |
|
|
|
|
|
|
1,085 |
|
|
|
1,014,767 |
|
|
|
|
|
PetSmart, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.04%, (1 mo. USD LIBOR + 4.00%), Maturing March 11, 2022 |
|
|
|
|
|
|
3,638 |
|
|
|
3,552,836 |
|
|
|
|
|
PFS Holding Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing January 31, 2021 |
|
|
|
|
|
|
2,219 |
|
|
|
865,267 |
|
|
|
|
|
Pier 1 Imports (U.S.), Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.70%, (6 mo. USD LIBOR + 3.50%), Maturing April 30, 2021 |
|
|
|
|
|
|
640 |
|
|
|
175,880 |
|
|
|
|
|
Radio Systems Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing May 2, 2024 |
|
|
|
|
|
|
464 |
|
|
|
459,089 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
20,551,913 |
|
|
Steel — 0.4% |
|
|
|
|
|
Atkore International, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.86%, (3 mo. USD LIBOR + 2.75%), Maturing December 22, 2023 |
|
|
|
|
|
|
394 |
|
|
$ |
394,946 |
|
|
|
|
|
GrafTech Finance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing February 12, 2025 |
|
|
|
|
|
|
2,781 |
|
|
|
2,712,946 |
|
|
|
|
|
Neenah Foundry Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 8.62%, (2 mo. USD LIBOR + 6.50%), Maturing December 13, 2022 |
|
|
|
|
|
|
768 |
|
|
|
745,167 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Steel (continued) |
|
|
|
|
|
Phoenix Services International, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.78%, (1 mo. USD LIBOR + 3.75%), Maturing March 1, 2025 |
|
|
|
|
|
|
887 |
|
|
$
|
862,121 |
|
|
|
|
|
Zekelman Industries, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.30%, (1 mo. USD LIBOR + 2.25%), Maturing June 14, 2021 |
|
|
|
|
|
|
1,292 |
|
|
|
1,293,655 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,008,835 |
|
|
Surface Transport — 0.3% |
|
|
|
1199169 B.C. Unlimited Liability Company |
|
|
|
|
|
|
|
|
Term Loan, 6.10%, (3 mo. USD LIBOR + 4.00%), Maturing April 6, 2026 |
|
|
|
|
|
|
297 |
|
|
$ |
299,060 |
|
|
|
|
|
Agro Merchants NAI Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.75%), Maturing December 6, 2024 |
|
|
|
|
|
|
393 |
|
|
|
395,160 |
|
|
|
|
|
Hertz Corporation (The) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.80%, (1 mo. USD LIBOR + 2.75%), Maturing June 30, 2023 |
|
|
|
|
|
|
1,208 |
|
|
|
1,209,321 |
|
|
|
|
|
Kenan Advantage Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing July 31, 2022 |
|
|
|
|
|
|
129 |
|
|
|
123,350 |
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing July 31, 2022 |
|
|
|
|
|
|
423 |
|
|
|
405,626 |
|
|
|
|
|
PODS, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.05%, (3 mo. USD LIBOR + 2.75%), Maturing December 6, 2024 |
|
|
|
|
|
|
662 |
|
|
|
661,228 |
|
|
|
|
|
Stena International S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.11%, (3 mo. USD LIBOR + 3.00%), Maturing March 3, 2021 |
|
|
|
|
|
|
1,985 |
|
|
|
1,963,002 |
|
|
|
|
|
XPO Logistics, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing February 24, 2025 |
|
|
|
|
|
|
650 |
|
|
|
653,972 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,710,719 |
|
|
Telecommunications — 1.9% |
|
|
|
|
|
CenturyLink, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.79%, (1 mo. USD LIBOR + 2.75%), Maturing January 31, 2025 |
|
|
|
|
|
|
5,600 |
|
|
$ |
5,569,331 |
|
|
|
|
|
Colorado Buyer, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.04%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2024 |
|
|
|
|
|
|
929 |
|
|
|
840,986 |
|
|
|
|
|
Digicel International Finance Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.34%, (6 mo. USD LIBOR + 3.25%), Maturing May 28, 2024 |
|
|
|
|
|
|
858 |
|
|
|
746,028 |
|
|
|
|
|
eircom Holdings (Ireland) Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), Maturing May 15, 2026 |
|
|
EUR |
|
|
|
2,104 |
|
|
|
2,309,624 |
|
|
|
|
|
|
|
|
23 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Telecommunications (continued) |
|
|
|
|
|
Frontier Communications Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.80%, (1 mo. USD LIBOR + 3.75%), Maturing June 15, 2024 |
|
|
|
|
|
|
2,102 |
|
|
$
|
2,102,281 |
|
|
|
|
|
Gamma Infrastructure III B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), Maturing January 9, 2025 |
|
|
EUR |
|
|
|
1,700 |
|
|
|
1,842,493 |
|
|
|
|
|
Global Eagle Entertainment, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 9.71%, (6 mo. USD LIBOR + 7.50%), Maturing January 6, 2023 |
|
|
|
|
|
|
2,185 |
|
|
|
2,024,329 |
|
|
|
|
|
Intelsat Jackson Holdings S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.55%, (1 mo. USD LIBOR + 4.50%), Maturing January 2, 2024 |
|
|
|
|
|
|
1,500 |
|
|
|
1,523,907 |
|
|
|
|
|
IPC Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.76%, (3 mo. USD LIBOR + 4.50%), Maturing August 6, 2021 |
|
|
|
|
|
|
1,088 |
|
|
|
908,344 |
|
|
|
|
|
Level 3 Financing, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.29%, (1 mo. USD LIBOR + 2.25%), Maturing February 22, 2024 |
|
|
|
|
|
|
700 |
|
|
|
702,042 |
|
|
|
|
|
Matterhorn Telecom S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing September 30,
2026(6) |
|
|
EUR |
|
|
|
475 |
|
|
|
522,742 |
|
|
|
|
|
Onvoy, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.54%, (1 mo. USD LIBOR + 4.50%), Maturing February 10, 2024 |
|
|
|
|
|
|
829 |
|
|
|
698,222 |
|
|
|
|
|
Plantronics, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing July 2, 2025 |
|
|
|
|
|
|
1,304 |
|
|
|
1,303,811 |
|
|
|
|
|
Sprint Communications, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.56%, (1 mo. USD LIBOR + 2.50%), Maturing February 2, 2024 |
|
|
|
|
|
|
4,022 |
|
|
|
3,997,744 |
|
|
|
|
|
Term Loan, 5.06%, (1 mo. USD LIBOR + 3.00%), Maturing February 2, 2024 |
|
|
|
|
|
|
794 |
|
|
|
793,497 |
|
|
|
|
|
Syniverse Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.03%, (1 mo. USD LIBOR + 5.00%), Maturing March 9, 2023 |
|
|
|
|
|
|
1,059 |
|
|
|
998,320 |
|
|
|
|
|
Telesat Canada |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.61%, (3 mo. USD LIBOR + 2.50%), Maturing November 17, 2023 |
|
|
|
|
|
|
5,429 |
|
|
|
5,452,116 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
32,335,817 |
|
|
Utilities — 1.0% |
|
|
|
|
|
Brookfield WEC Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (1 mo. USD LIBOR + 3.50%), Maturing August 1, 2025 |
|
|
|
|
|
|
2,357 |
|
|
$ |
2,366,911 |
|
|
|
|
|
Calpine Construction Finance Company L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.54%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2025 |
|
|
|
|
|
|
2,757 |
|
|
|
2,762,926 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Utilities (continued) |
|
|
|
|
|
Calpine Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.61%, (3 mo. USD LIBOR + 2.50%), Maturing January 15, 2024 |
|
|
|
|
|
|
3,615 |
|
|
$
|
3,632,635 |
|
|
|
|
|
Term Loan, 4.86%, (3 mo. USD LIBOR + 2.75%), Maturing April 5, 2026 |
|
|
|
|
|
|
923 |
|
|
|
926,916 |
|
|
|
|
|
Granite Acquisition, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.50%), Maturing December 19, 2021 |
|
|
|
|
|
|
141 |
|
|
|
142,012 |
|
|
|
|
|
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.50%), Maturing December 19, 2021 |
|
|
|
|
|
|
3,115 |
|
|
|
3,127,861 |
|
|
|
|
|
Lightstone Holdco, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing January 30, 2024 |
|
|
|
|
|
|
59 |
|
|
|
56,585 |
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing January 30, 2024 |
|
|
|
|
|
|
1,045 |
|
|
|
1,003,255 |
|
|
|
|
|
Longview Power, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 8.26%, (3 mo. USD LIBOR + 6.00%), Maturing April 13, 2021 |
|
|
|
|
|
|
335 |
|
|
|
269,217 |
|
|
|
|
|
Pike Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.30%, (1 mo. USD LIBOR + 3.25%), Maturing July 19, 2026 |
|
|
|
|
|
|
513 |
|
|
|
515,728 |
|
|
|
|
|
Talen Energy Supply, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.79%, (1 mo. USD LIBOR + 3.75%), Maturing July 8, 2026 |
|
|
|
|
|
|
775 |
|
|
|
774,012 |
|
|
|
|
|
USIC Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (1 mo. USD LIBOR + 3.25%), Maturing December 8, 2023 |
|
|
|
|
|
|
197 |
|
|
|
195,829 |
|
|
|
|
|
Vistra Operations Company, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.04%, (1 mo. USD LIBOR + 2.00%), Maturing December 31, 2025 |
|
|
|
|
|
|
1,043 |
|
|
|
1,047,676 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
16,821,563 |
|
|
|
Total Senior Floating-Rate Loans (identified cost
$827,486,001) |
|
|
$ |
798,771,961 |
|
|
Corporate Bonds & Notes — 48.3% |
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Aerospace and Defense — 1.5% |
|
|
|
|
|
Bombardier, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 10/15/22(9) |
|
|
|
|
|
|
4,999 |
|
|
$ |
5,017,746 |
|
|
|
|
|
6.125%, 1/15/23(9) |
|
|
|
|
|
|
1,286 |
|
|
|
1,313,006 |
|
|
|
|
|
7.875%, 4/15/27(9) |
|
|
|
|
|
|
1,102 |
|
|
|
1,100,182 |
|
|
|
|
|
Booz Allen Hamilton, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.125%, 5/1/25(9) |
|
|
|
|
|
|
345 |
|
|
|
356,213 |
|
|
|
|
|
|
|
|
24 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Aerospace and Defense (continued) |
|
|
|
|
|
BWX Technologies, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.375%, 7/15/26(9) |
|
|
|
|
|
|
1,305 |
|
|
$
|
1,378,406 |
|
|
|
|
|
F-Brasile SpA / F-Brasile US, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.375%, 8/15/26(9) |
|
|
|
|
|
|
579 |
|
|
|
605,055 |
|
|
|
|
|
Huntington Ingalls Industries, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 11/15/25(9) |
|
|
|
|
|
|
415 |
|
|
|
435,750 |
|
|
|
|
|
Lockheed Martin Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.55%, 1/15/26 |
|
|
|
|
|
|
960 |
|
|
|
1,030,196 |
|
|
|
|
|
Northrop Grumman Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.93%, 1/15/25 |
|
|
|
|
|
|
770 |
|
|
|
794,369 |
|
|
|
|
|
TransDigm UK Holdings PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.875%, 5/15/26 |
|
|
|
|
|
|
725 |
|
|
|
781,188 |
|
|
|
|
|
TransDigm, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 7/15/24 |
|
|
|
|
|
|
7,535 |
|
|
|
7,798,725 |
|
|
|
|
|
6.50%, 5/15/25 |
|
|
|
|
|
|
185 |
|
|
|
192,631 |
|
|
|
|
|
6.25%, 3/15/26(9) |
|
|
|
|
|
|
2,408 |
|
|
|
2,591,610 |
|
|
|
|
|
7.50%, 3/15/27
|
|
|
|
|
|
|
1,862 |
|
|
|
2,029,580 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
25,424,657 |
|
|
Air Transport — 0.1% |
|
|
|
|
|
Azul Investments LLP |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%,
10/26/24(9) |
|
|
|
|
|
|
1,030 |
|
|
$ |
1,031,288 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,031,288 |
|
|
Automotive — 0.7% |
|
|
|
|
|
Adient Global Holdings, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.50%, 8/15/24(10) |
|
|
EUR |
|
|
|
150 |
|
|
$ |
139,315 |
|
|
|
|
|
Fiat Chrysler Finance Europe SA |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 3/22/21(10) |
|
|
EUR |
|
|
|
325 |
|
|
|
378,391 |
|
|
|
|
|
Garrett LX I S.a.r.l./Garrett Borrowing, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.125%, 10/15/26(10) |
|
|
EUR |
|
|
|
200 |
|
|
|
210,622 |
|
|
|
|
|
General Motors Co. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 4/1/35 |
|
|
|
|
|
|
1,095 |
|
|
|
1,101,002 |
|
|
|
|
|
Gestamp Funding Luxembourg SA |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.50%, 5/15/23(10) |
|
|
EUR |
|
|
|
300 |
|
|
|
332,859 |
|
|
|
|
|
IAA, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 6/15/27(9) |
|
|
|
|
|
|
537 |
|
|
|
567,878 |
|
|
|
|
|
Jaguar Land Rover Automotive PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 1/15/26(10) |
|
|
EUR |
|
|
|
150 |
|
|
|
142,329 |
|
|
|
|
|
Navistar International Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.625%, 11/1/25(9) |
|
|
|
|
|
|
2,914 |
|
|
|
2,972,280 |
|
|
|
|
|
Panther BF Aggregator 2 L.P./Panther Finance Co., Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.375%, 5/15/26(10) |
|
|
EUR |
|
|
|
300 |
|
|
|
334,418 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Automotive (continued) |
|
|
|
|
|
Panther BF Aggregator 2 L.P./Panther Finance Co., Inc. (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 5/15/26(9) |
|
|
|
|
|
|
1,671 |
|
|
$
|
1,762,905 |
|
|
|
|
|
8.50%, 5/15/27(9) |
|
|
|
|
|
|
3,311 |
|
|
|
3,360,665 |
|
|
|
|
|
RAC Bond Co. PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 11/6/22(10) |
|
|
GBP |
|
|
|
250 |
|
|
|
279,666 |
|
|
|
|
|
ZF North America Capital, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50%,
4/29/22(9) |
|
|
|
|
|
|
392 |
|
|
|
401,281 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
11,983,611 |
|
|
Banks and Thrifts — 0.8% |
|
|
|
|
|
Banco Comercial Portugues SA |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50% to 12/7/22, 12/7/27(10)(11) |
|
|
EUR |
|
|
|
500 |
|
|
$ |
566,621 |
|
|
|
|
|
Banco Mercantil del Norte SA/Grand Cayman |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75% to 10/4/26, 10/4/31(9)(11) |
|
|
|
|
|
|
1,160 |
|
|
|
1,164,361 |
|
|
|
|
|
Bank of Montreal |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.803% to 12/15/27, 12/15/32(11) |
|
|
|
|
|
|
1,325 |
|
|
|
1,375,390 |
|
|
|
|
|
BBVA Bancomer SA |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.125% to 1/18/28, 1/18/33(9)(11) |
|
|
|
|
|
|
1,515 |
|
|
|
1,448,719 |
|
|
|
|
|
Commonwealth Bank of Australia |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.61% to 9/12/29, 9/12/34(9)(11) |
|
|
|
|
|
|
1,500 |
|
|
|
1,504,124 |
|
|
|
|
|
First Midwest Bancorp, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 9/29/26 |
|
|
|
|
|
|
1,000 |
|
|
|
1,098,987 |
|
|
|
|
|
Flagstar Bancorp, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.125%, 7/15/21 |
|
|
|
|
|
|
650 |
|
|
|
682,606 |
|
|
|
|
|
HSBC Holdings PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 3/14/44 |
|
|
|
|
|
|
665 |
|
|
|
824,703 |
|
|
|
|
|
Nationwide Building Society |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.125% to 10/18/27, 10/18/32(9)(11) |
|
|
|
|
|
|
1,280 |
|
|
|
1,276,684 |
|
|
|
|
|
Wells Fargo & Co. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.584% to 5/22/27, 5/22/28(11) |
|
|
|
|
|
|
1,500 |
|
|
|
1,590,325 |
|
|
|
|
|
Westpac Banking Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.11% to 7/24/29,
7/24/34(11) |
|
|
|
|
|
|
1,392 |
|
|
|
1,453,082 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,985,602 |
|
|
Beverage and Tobacco — 0.1% |
|
|
|
|
|
Anheuser-Busch InBev Finance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.625%, 2/1/44 |
|
|
|
|
|
|
860 |
|
|
$ |
983,322 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
983,322 |
|
|
Brokerage / Securities Dealers / Investment Houses — 0.1% |
|
|
|
|
|
Intrum AB |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.125%, 7/15/24(10) |
|
|
EUR |
|
|
|
400 |
|
|
$ |
444,142 |
|
|
|
|
|
3.50%, 7/15/26(10) |
|
|
EUR |
|
|
|
200 |
|
|
|
222,186 |
|
|
|
|
|
|
|
|
25 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Brokerage / Securities Dealers / Investment Houses (continued) |
|
|
|
|
|
Neuberger Berman Group, LLC/Neuberger Berman Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.875%,
4/15/45(9) |
|
|
|
|
|
|
500 |
|
|
$
|
524,056 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,190,384 |
|
|
Building and Development — 1.4% |
|
|
|
|
|
ADLER Real Estate AG |
|
|
|
|
|
|
|
|
|
|
|
|
|
1.875%, 4/27/23(10) |
|
|
EUR |
|
|
|
300 |
|
|
$ |
332,716 |
|
|
|
|
|
Advanced Drainage Systems, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 9/30/27(9) |
|
|
|
|
|
|
258 |
|
|
|
262,190 |
|
|
|
|
|
AT Securities B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25% to 7/21/23(10)(11)(12) |
|
|
|
|
|
|
500 |
|
|
|
502,500 |
|
|
|
|
|
Brookfield Property REIT, Inc./BPR Cumulus, LLC/ BPR Nimbus, LLC/GGSI Sellco, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 5/15/26(9) |
|
|
|
|
|
|
1,592 |
|
|
|
1,669,610 |
|
|
|
|
|
Builders FirstSource, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.625%, 9/1/24(9) |
|
|
|
|
|
|
1,125 |
|
|
|
1,174,219 |
|
|
|
|
|
6.75%, 6/1/27 (9) |
|
|
|
|
|
|
422 |
|
|
|
456,815 |
|
|
|
|
|
Core & Main Holdings, L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.625%, (8.625% cash or 9.375% PIK),
9/15/24(9)(13) |
|
|
|
|
|
|
1,191 |
|
|
|
1,204,399 |
|
|
|
|
|
DEMIRE Deutsche Mittelstand Real Estate AG |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.875%, 7/15/22(10) |
|
|
EUR |
|
|
|
400 |
|
|
|
443,191 |
|
|
|
|
|
Five Point Operating Co., L.P./Five Point Capital Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.875%, 11/15/25(9) |
|
|
|
|
|
|
1,213 |
|
|
|
1,234,228 |
|
|
|
|
|
Greystar Real Estate Partners, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 12/1/25(9) |
|
|
|
|
|
|
1,731 |
|
|
|
1,785,094 |
|
|
|
|
|
Hillman Group, Inc. (The) |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.375%, 7/15/22(9) |
|
|
|
|
|
|
2,695 |
|
|
|
2,540,037 |
|
|
|
|
|
LSF9 Balta Issuer S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.75%, 9/15/22(10) |
|
|
EUR |
|
|
|
122 |
|
|
|
131,568 |
|
|
|
|
|
Masonite International Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.375%, 2/1/28(9) |
|
|
|
|
|
|
570 |
|
|
|
596,363 |
|
|
|
|
|
MDC Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 1/15/43 |
|
|
|
|
|
|
982 |
|
|
|
1,018,825 |
|
|
|
|
|
Miller Homes Group Holdings PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 10/15/24(10) |
|
|
GBP |
|
|
|
100 |
|
|
|
125,875 |
|
|
|
|
|
Owens Corning |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.95%, 8/15/29 |
|
|
|
|
|
|
777 |
|
|
|
791,796 |
|
|
|
|
|
Reliance Intermediate Holdings, L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 4/1/23(9) |
|
|
|
|
|
|
4,610 |
|
|
|
4,759,825 |
|
|
|
|
|
Standard Industries, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 2/15/23(9) |
|
|
|
|
|
|
140 |
|
|
|
143,150 |
|
|
|
|
|
6.00%, 10/15/25(9) |
|
|
|
|
|
|
2,330 |
|
|
|
2,454,562 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Building and Development (continued) |
|
|
|
|
|
Taylor Morrison Communities, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 6/15/27(9) |
|
|
|
|
|
|
808 |
|
|
$
|
890,820 |
|
|
|
|
|
5.75%, 1/15/28(9) |
|
|
|
|
|
|
1,062 |
|
|
|
1,154,925 |
|
|
|
|
|
TRI Pointe Group, Inc./TRI Pointe Homes, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 6/15/24 |
|
|
|
|
|
|
280 |
|
|
|
298,900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
23,971,608 |
|
|
Business Equipment and Services — 0.9% |
|
|
|
|
|
Allied Universal Holdco, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.625%, 7/15/26(9) |
|
|
|
|
|
|
580 |
|
|
$ |
614,075 |
|
|
|
|
|
Arena Luxembourg Finance S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.75%, (3 mo. EURIBOR + 2.75%),
11/1/23(10)(14) |
|
|
EUR |
|
|
|
500 |
|
|
|
550,972 |
|
|
|
|
|
EC Finance PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.375%, 11/15/22(10) |
|
|
EUR |
|
|
|
500 |
|
|
|
551,558 |
|
|
|
|
|
EIG Investors Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
10.875%, 2/1/24 |
|
|
|
|
|
|
3,810 |
|
|
|
3,981,450 |
|
|
|
|
|
Iron Mountain, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 3/15/28(9) |
|
|
|
|
|
|
133 |
|
|
|
138,150 |
|
|
|
|
|
4.875%, 9/15/29(9) |
|
|
|
|
|
|
289 |
|
|
|
294,144 |
|
|
|
|
|
KAR Auction Services, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.125%, 6/1/25(9) |
|
|
|
|
|
|
2,833 |
|
|
|
2,946,320 |
|
|
|
|
|
Prime Security Services Borrower, LLC/Prime Finance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
9.25%, 5/15/23(9) |
|
|
|
|
|
|
1,024 |
|
|
|
1,078,451 |
|
|
|
|
|
ServiceMaster Co., LLC (The) |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.45%, 8/15/27 |
|
|
|
|
|
|
4,075 |
|
|
|
4,584,375 |
|
|
|
|
|
West Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.50%,
10/15/25(9) |
|
|
|
|
|
|
1,286 |
|
|
|
1,040,053 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
15,779,548 |
|
|
Cable and Satellite Television — 2.6% |
|
|
|
|
|
Altice France S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.375%, 5/1/26(9) |
|
|
|
|
|
|
965 |
|
|
$ |
1,038,301 |
|
|
|
|
|
8.125%, 2/1/27(9) |
|
|
|
|
|
|
4,382 |
|
|
|
4,847,587 |
|
|
|
|
|
3.375%, 1/15/28(10) |
|
|
EUR |
|
|
|
124 |
|
|
|
137,576 |
|
|
|
|
|
5.50%, 1/15/28(9) |
|
|
|
|
|
|
1,560 |
|
|
|
1,581,450 |
|
|
|
|
|
Cablevision Systems Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.00%, 4/15/20 |
|
|
|
|
|
|
635 |
|
|
|
654,844 |
|
|
|
|
|
5.875%, 9/15/22 |
|
|
|
|
|
|
1,085 |
|
|
|
1,171,800 |
|
|
|
|
|
CCO Holdings, LLC/CCO Holdings Capital Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 9/30/22 |
|
|
|
|
|
|
707 |
|
|
|
716,438 |
|
|
|
|
|
5.75%, 1/15/24 |
|
|
|
|
|
|
297 |
|
|
|
304,425 |
|
|
|
|
|
5.875%, 4/1/24(9) |
|
|
|
|
|
|
230 |
|
|
|
240,571 |
|
|
|
|
|
5.375%, 5/1/25(9) |
|
|
|
|
|
|
3,605 |
|
|
|
3,749,200 |
|
|
|
|
|
|
|
|
26 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Cable and Satellite Television (continued) |
|
|
|
|
|
CCO Holdings, LLC/CCO Holdings Capital Corp. (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 2/15/26(9) |
|
|
|
|
|
|
1,885 |
|
|
$
|
1,993,387 |
|
|
|
|
|
5.00%, 2/1/28(9) |
|
|
|
|
|
|
1,755 |
|
|
|
1,818,619 |
|
|
|
|
|
5.375%, 6/1/29(9) |
|
|
|
|
|
|
595 |
|
|
|
635,163 |
|
|
|
|
|
4.75%, 3/1/30(9)(15) |
|
|
|
|
|
|
1,019 |
|
|
|
1,035,559 |
|
|
|
|
|
Comcast Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.999%, 11/1/49 |
|
|
|
|
|
|
780 |
|
|
|
868,308 |
|
|
|
|
|
CSC Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 11/15/21 |
|
|
|
|
|
|
2,780 |
|
|
|
3,002,400 |
|
|
|
|
|
5.25%, 6/1/24 |
|
|
|
|
|
|
355 |
|
|
|
382,513 |
|
|
|
|
|
10.875%, 10/15/25(9) |
|
|
|
|
|
|
2,816 |
|
|
|
3,194,259 |
|
|
|
|
|
5.50%, 5/15/26(9) |
|
|
|
|
|
|
2,000 |
|
|
|
2,109,800 |
|
|
|
|
|
7.50%, 4/1/28(9) |
|
|
|
|
|
|
619 |
|
|
|
700,182 |
|
|
|
|
|
6.50%, 2/1/29(9) |
|
|
|
|
|
|
543 |
|
|
|
604,549 |
|
|
|
|
|
5.75%, 1/15/30(9) |
|
|
|
|
|
|
2,838 |
|
|
|
2,969,598 |
|
|
|
|
|
DISH DBS Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 6/1/21 |
|
|
|
|
|
|
410 |
|
|
|
432,468 |
|
|
|
|
|
5.875%, 7/15/22 |
|
|
|
|
|
|
2,395 |
|
|
|
2,499,781 |
|
|
|
|
|
5.875%, 11/15/24 |
|
|
|
|
|
|
530 |
|
|
|
527,350 |
|
|
|
|
|
7.75%, 7/1/26 |
|
|
|
|
|
|
333 |
|
|
|
340,160 |
|
|
|
|
|
TEGNA, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 9/15/29(9) |
|
|
|
|
|
|
1,012 |
|
|
|
1,024,650 |
|
|
|
|
|
UPC Holding B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 1/15/28(9) |
|
|
|
|
|
|
1,212 |
|
|
|
1,260,480 |
|
|
|
|
|
Ziggo B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 1/15/27(10) |
|
|
EUR |
|
|
|
575 |
|
|
|
677,784 |
|
|
|
|
|
5.50%, 1/15/27(9) |
|
|
|
|
|
|
1,432 |
|
|
|
1,500,020 |
|
|
|
|
|
Ziggo Bond Co., B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.00%,
1/15/27(9) |
|
|
|
|
|
|
745 |
|
|
|
781,319 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
42,800,541 |
|
|
Chemicals and Plastics — 0.8% |
|
|
|
|
|
Alpek SAB de CV |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 9/18/29(9) |
|
|
|
|
|
|
310 |
|
|
$ |
312,868 |
|
|
|
|
|
Chemours Co. (The) |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 5/15/25 |
|
|
|
|
|
|
392 |
|
|
|
372,086 |
|
|
|
|
|
4.00%, 5/15/26 |
|
|
EUR |
|
|
|
100 |
|
|
|
100,379 |
|
|
|
|
|
5.375%, 5/15/27 |
|
|
|
|
|
|
2,460 |
|
|
|
2,134,124 |
|
|
|
|
|
Hexion, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.875%, 7/15/27(9) |
|
|
|
|
|
|
667 |
|
|
|
661,998 |
|
|
|
|
|
Huntsman International, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 5/1/29 |
|
|
|
|
|
|
500 |
|
|
|
527,644 |
|
|
|
|
|
Monitchem HoldCo 3 S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 3/15/25(10)(15) |
|
|
EUR |
|
|
|
200 |
|
|
|
219,080 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Chemicals and Plastics (continued) |
|
|
|
|
|
Nufarm Australia, Ltd./Nufarm Americas, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 4/30/26(9) |
|
|
|
|
|
|
1,296 |
|
|
$
|
1,286,280 |
|
|
|
|
|
SPCM S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.875%, 9/15/25(9) |
|
|
|
|
|
|
1,356 |
|
|
|
1,386,510 |
|
|
|
|
|
Valvoline, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 7/15/24 |
|
|
|
|
|
|
375 |
|
|
|
391,875 |
|
|
|
|
|
Venator Finance S.a.r.l./Venator Materials, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 7/15/25(9) |
|
|
|
|
|
|
424 |
|
|
|
359,340 |
|
|
|
|
|
Versum Materials, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 9/30/24(9) |
|
|
|
|
|
|
1,270 |
|
|
|
1,355,725 |
|
|
|
|
|
W.R. Grace & Co. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.125%, 10/1/21(9) |
|
|
|
|
|
|
2,170 |
|
|
|
2,265,154 |
|
|
|
|
|
5.625%, 10/1/24(9) |
|
|
|
|
|
|
490 |
|
|
|
530,425 |
|
|
|
|
|
Westlake Chemical Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 8/15/46 |
|
|
|
|
|
|
550 |
|
|
|
592,925 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,496,413 |
|
|
Clothing / Textiles — 0.3% |
|
|
|
|
|
PrestigeBidCo GmbH |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 12/15/23(10) |
|
|
EUR |
|
|
|
265 |
|
|
$ |
302,537 |
|
|
|
|
|
PVH Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.75%, 11/15/23 |
|
|
|
|
|
|
3,740 |
|
|
|
4,303,674 |
|
|
|
|
|
William Carter Co. (The) |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.625%,
3/15/27(9) |
|
|
|
|
|
|
811 |
|
|
|
870,811 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,477,022 |
|
|
Commercial Services — 0.1% |
|
|
|
|
|
Intertrust Group B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.375%, 11/15/25(10) |
|
|
EUR |
|
|
|
340 |
|
|
$ |
391,010 |
|
|
|
|
|
IPD 3 B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 7/15/22(10) |
|
|
EUR |
|
|
|
475 |
|
|
|
530,931 |
|
|
|
|
|
Loxam SAS |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.875%, 4/15/26(10) |
|
|
EUR |
|
|
|
130 |
|
|
|
143,288 |
|
|
|
|
|
5.75%, 7/15/27(10) |
|
|
EUR |
|
|
|
125 |
|
|
|
137,026 |
|
|
|
|
|
Verisure Holding AB |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.50%, 5/15/23(10) |
|
|
EUR |
|
|
|
140 |
|
|
|
158,316 |
|
|
|
|
|
Verisure Midholding AB |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%,
12/1/23(10) |
|
|
EUR |
|
|
|
200 |
|
|
|
225,374 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,585,945 |
|
|
Computers — 0.2% |
|
|
|
|
|
Apple, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.75%, 11/13/47 |
|
|
|
|
|
|
500 |
|
|
$ |
560,651 |
|
|
|
|
|
|
|
|
27 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Computers (continued) |
|
|
|
|
|
DXC Technology Co. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 4/15/27 |
|
|
|
|
|
|
1,000 |
|
|
$
|
1,046,960 |
|
|
|
|
|
Seagate HDD Cayman |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 12/1/34 |
|
|
|
|
|
|
995 |
|
|
|
1,014,641 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,622,252 |
|
|
Conglomerates — 0.3% |
|
|
|
|
|
Spectrum Brands, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 7/15/25 |
|
|
|
|
|
|
3,470 |
|
|
$ |
3,638,260 |
|
|
|
|
|
5.00%, 10/1/29(9) |
|
|
|
|
|
|
406 |
|
|
|
414,120 |
|
|
|
|
|
TMS International Holding Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.25%,
8/15/25(9) |
|
|
|
|
|
|
907 |
|
|
|
780,020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,832,400 |
|
|
Consumer Products — 0.1% |
|
|
|
|
|
Central Garden & Pet Co. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.125%, 11/15/23 |
|
|
|
|
|
|
575 |
|
|
$ |
598,000 |
|
|
|
|
|
5.125%, 2/1/28
|
|
|
|
|
|
|
285 |
|
|
|
292,125 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
890,125 |
|
|
Containers and Glass Products — 0.7% |
|
|
|
|
|
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 9/15/22(9) |
|
|
|
|
|
|
375 |
|
|
$ |
380,805 |
|
|
|
|
|
2.75%, 3/15/24(10) |
|
|
EUR |
|
|
|
500 |
|
|
|
557,743 |
|
|
|
|
|
5.25%, 8/15/27(9) |
|
|
|
|
|
|
1,661 |
|
|
|
1,685,915 |
|
|
|
|
|
Ball Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.375%, 12/15/20 |
|
|
|
|
|
|
2,375 |
|
|
|
2,429,649 |
|
|
|
|
|
Berry Global, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 10/15/22 |
|
|
|
|
|
|
970 |
|
|
|
985,762 |
|
|
|
|
|
Crown Americas, LLC/Crown Americas Capital Corp. V |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 9/30/26 |
|
|
|
|
|
|
660 |
|
|
|
685,575 |
|
|
|
|
|
Crown Americas, LLC/Crown Americas Capital Corp. VI |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 2/1/26 |
|
|
|
|
|
|
750 |
|
|
|
786,562 |
|
|
|
|
|
Owens-Brockway Glass Container, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 8/15/23(9) |
|
|
|
|
|
|
980 |
|
|
|
1,043,700 |
|
|
|
|
|
6.375%, 8/15/25(9) |
|
|
|
|
|
|
700 |
|
|
|
745,500 |
|
|
|
|
|
Reynolds Group Issuer, Inc./Reynolds Group Issuer, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 10/15/20 |
|
|
|
|
|
|
242 |
|
|
|
243,089 |
|
|
|
|
|
5.125%, 7/15/23(9) |
|
|
|
|
|
|
1,015 |
|
|
|
1,041,644 |
|
|
|
|
|
7.00%, 7/15/24(9) |
|
|
|
|
|
|
1,426 |
|
|
|
1,480,366 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Containers and Glass Products (continued) |
|
|
|
|
|
Smurfit Kappa Acquisitions ULC |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.375%, 2/1/24(10) |
|
|
EUR |
|
|
|
200 |
|
|
$
|
235,738 |
|
|
|
|
|
2.875%,
1/15/26(10) |
|
|
EUR |
|
|
|
100 |
|
|
|
120,167 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,422,215 |
|
|
Distribution & Wholesale — 0.1% |
|
|
|
|
|
LKQ Italia Bondco SpA |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.875%, 4/1/24(10) |
|
|
EUR |
|
|
|
375 |
|
|
$ |
463,093 |
|
|
|
|
|
Parts Europe SA |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.375%, (3 mo. EURIBOR + 4.375%),
5/1/22(10)(14) |
|
|
EUR |
|
|
|
335 |
|
|
|
367,560 |
|
|
|
|
|
Performance Food Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%,
10/15/27(9) |
|
|
|
|
|
|
935 |
|
|
|
986,425 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,817,078 |
|
|
Diversified Financial Services — 0.9% |
|
|
|
|
|
Arrow Global Finance PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.875%, (3 mo. EURIBOR + 2.875%),
4/1/25(10)(14) |
|
|
EUR |
|
|
|
250 |
|
|
$ |
268,084 |
|
|
|
|
|
Barclays PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.088% to 6/20/29, 6/20/30(11) |
|
|
|
|
|
|
2,000 |
|
|
|
2,088,840 |
|
|
|
|
|
BrightSphere Investment Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.80%, 7/27/26 |
|
|
|
|
|
|
2,195 |
|
|
|
2,291,465 |
|
|
|
|
|
Cabot Financial Luxembourg II S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.375%, (3 mo. EURIBOR + 6.375%),
6/14/24(10)(14) |
|
|
EUR |
|
|
|
500 |
|
|
|
566,297 |
|
|
|
|
|
Credito Real SAB de CV SOFOM ER |
|
|
|
|
|
|
|
|
|
|
|
|
|
9.50%, 2/7/26(9) |
|
|
|
|
|
|
1,000 |
|
|
|
1,155,000 |
|
|
|
|
|
Discover Bank |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.682% to 8/9/23, 8/9/28(11) |
|
|
|
|
|
|
1,000 |
|
|
|
1,046,395 |
|
|
|
|
|
GE Capital UK Funding Unlimited Co. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 11/4/20 |
|
|
GBP |
|
|
|
106 |
|
|
|
136,378 |
|
|
|
|
|
GEMS MENASA Cayman, Ltd./GEMS Education Delaware, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.125%, 7/31/26(9) |
|
|
|
|
|
|
1,629 |
|
|
|
1,686,015 |
|
|
|
|
|
7.125%, 7/31/26(10) |
|
|
|
|
|
|
350 |
|
|
|
362,250 |
|
|
|
|
|
Louvre Bidco SAS |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 9/30/24(10) |
|
|
EUR |
|
|
|
390 |
|
|
|
433,591 |
|
|
|
|
|
LSF10 Wolverine Investments SCA |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.625%, (3 mo. EURIBOR + 4.625%),
3/15/24(10)(14) |
|
|
EUR |
|
|
|
200 |
|
|
|
219,993 |
|
|
|
|
|
UniCredit SpA |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.861% to 6/19/27, 6/19/32(9)(11) |
|
|
|
|
|
|
715 |
|
|
|
737,762 |
|
|
|
|
|
7.296% to 4/2/29, 4/2/34(9)(11) |
|
|
|
|
|
|
500 |
|
|
|
565,114 |
|
|
|
|
|
Unifin Financiera SAB de CV SOFOM ER |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.375%, 2/12/26(9) |
|
|
|
|
|
|
1,165 |
|
|
|
1,144,624 |
|
|
|
|
|
8.875% to 1/29/25(9)(11)(12) |
|
|
|
|
|
|
248 |
|
|
|
221,342 |
|
|
|
|
|
|
|
|
28 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Diversified Financial Services (continued) |
|
|
|
|
|
Vivion Investments S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.00%,
8/8/24(10) |
|
|
EUR |
|
|
|
2,000 |
|
|
$
|
2,177,721 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
15,100,871 |
|
|
Drugs — 1.7% |
|
|
|
|
|
Bausch Health Companies, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 3/15/22(9) |
|
|
|
|
|
|
2,419 |
|
|
$ |
2,503,665 |
|
|
|
|
|
5.50%, 3/1/23(9) |
|
|
|
|
|
|
264 |
|
|
|
268,290 |
|
|
|
|
|
5.875%, 5/15/23(9) |
|
|
|
|
|
|
791 |
|
|
|
803,854 |
|
|
|
|
|
7.00%, 3/15/24(9) |
|
|
|
|
|
|
3,810 |
|
|
|
4,013,683 |
|
|
|
|
|
6.125%, 4/15/25(9) |
|
|
|
|
|
|
345 |
|
|
|
358,800 |
|
|
|
|
|
5.50%, 11/1/25(9) |
|
|
|
|
|
|
2,880 |
|
|
|
3,024,288 |
|
|
|
|
|
9.00%, 12/15/25(9) |
|
|
|
|
|
|
2,340 |
|
|
|
2,635,425 |
|
|
|
|
|
9.25%, 4/1/26(9) |
|
|
|
|
|
|
670 |
|
|
|
762,956 |
|
|
|
|
|
8.50%, 1/31/27(9) |
|
|
|
|
|
|
2,504 |
|
|
|
2,816,499 |
|
|
|
|
|
5.75%, 8/15/27(9) |
|
|
|
|
|
|
412 |
|
|
|
446,332 |
|
|
|
|
|
7.00%, 1/15/28(9) |
|
|
|
|
|
|
2,664 |
|
|
|
2,876,054 |
|
|
|
|
|
7.25%, 5/30/29(9) |
|
|
|
|
|
|
544 |
|
|
|
595,571 |
|
|
|
|
|
Catalent Pharma Solutions, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.875%, 1/15/26(9) |
|
|
|
|
|
|
2,700 |
|
|
|
2,791,125 |
|
|
|
|
|
5.00%, 7/15/27(9) |
|
|
|
|
|
|
656 |
|
|
|
682,240 |
|
|
|
|
|
Jaguar Holding Co. II/Pharmaceutical Product Development, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.375%,
8/1/23(9) |
|
|
|
|
|
|
3,240 |
|
|
|
3,357,450 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
27,936,232 |
|
|
Ecological Services and Equipment — 1.1% |
|
|
|
|
|
Advanced Disposal Services, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.625%, 11/15/24(9) |
|
|
|
|
|
|
1,405 |
|
|
$ |
1,469,981 |
|
|
|
|
|
Clean Harbors, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.875%, 7/15/27(9) |
|
|
|
|
|
|
551 |
|
|
|
576,484 |
|
|
|
|
|
5.125%, 7/15/29(9) |
|
|
|
|
|
|
332 |
|
|
|
352,750 |
|
|
|
|
|
Covanta Holding Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 3/1/24 |
|
|
|
|
|
|
1,900 |
|
|
|
1,961,750 |
|
|
|
|
|
5.875%, 7/1/25 |
|
|
|
|
|
|
860 |
|
|
|
899,775 |
|
|
|
|
|
GFL Environmental, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.375%, 3/1/23(9) |
|
|
|
|
|
|
1,695 |
|
|
|
1,724,323 |
|
|
|
|
|
7.00%, 6/1/26(9) |
|
|
|
|
|
|
3,117 |
|
|
|
3,288,435 |
|
|
|
|
|
8.50%, 5/1/27(9) |
|
|
|
|
|
|
4,704 |
|
|
|
5,227,320 |
|
|
|
|
|
Waste Pro USA, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%,
2/15/26(9) |
|
|
|
|
|
|
2,432 |
|
|
|
2,519,455 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
18,020,273 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Electric Utilities — 0.3% |
|
|
|
|
|
Consolidated Edison Co. of New York, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.125%, 5/15/49 |
|
|
|
|
|
|
400 |
|
|
$ |
458,495 |
|
|
|
|
|
ContourGlobal Power Holdings SA |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.125%, 8/1/25(10) |
|
|
EUR |
|
|
|
200 |
|
|
|
231,406 |
|
|
|
|
|
Drax Finco PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 5/1/22(10) |
|
|
GBP |
|
|
|
325 |
|
|
|
406,968 |
|
|
|
|
|
6.625%, 11/1/25(9) |
|
|
|
|
|
|
806 |
|
|
|
842,270 |
|
|
|
|
|
EDP - Energias de Portugal SA |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.496% to 4/30/24, 4/30/79(10)(11) |
|
|
EUR |
|
|
|
300 |
|
|
|
363,182 |
|
|
|
|
|
MidAmerican Energy Co. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.65%, 8/1/48 |
|
|
|
|
|
|
740 |
|
|
|
808,384 |
|
|
|
|
|
NextEra Energy Capital Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.65% to 5/1/29, 5/1/79(11) |
|
|
|
|
|
|
560 |
|
|
|
608,912 |
|
|
|
|
|
TenneT Holding B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.995% to 6/1/24(10)(11)(12) |
|
|
EUR |
|
|
|
350 |
|
|
|
408,551 |
|
|
|
|
|
Virginia Electric & Power Co. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.00%, 1/15/43 |
|
|
|
|
|
|
410 |
|
|
|
454,181 |
|
|
|
|
|
3.80%, 9/15/47
|
|
|
|
|
|
|
820 |
|
|
|
891,300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,473,649 |
|
|
Electronics / Electrical — 1.8% |
|
|
|
|
|
Avnet, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.625%, 4/15/26 |
|
|
|
|
|
|
985 |
|
|
$ |
1,060,962 |
|
|
|
|
|
CommScope, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.25%, 3/1/27(9) |
|
|
|
|
|
|
655 |
|
|
|
640,058 |
|
|
|
|
|
Duke Energy Progress, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.45%, 3/15/29 |
|
|
|
|
|
|
1,000 |
|
|
|
1,078,858 |
|
|
|
|
|
Enel Finance International NV |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.625%, 5/25/27(9) |
|
|
|
|
|
|
2,310 |
|
|
|
2,399,688 |
|
|
|
|
|
Energizer Gamma Acquisition B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.625%, 7/15/26(10) |
|
|
EUR |
|
|
|
155 |
|
|
|
179,121 |
|
|
|
|
|
Energizer Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.375%, 7/15/26(9) |
|
|
|
|
|
|
5,857 |
|
|
|
6,288,310 |
|
|
|
|
|
7.75%, 1/15/27(9) |
|
|
|
|
|
|
829 |
|
|
|
925,744 |
|
|
|
|
|
Entegris, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.625%, 2/10/26(9) |
|
|
|
|
|
|
517 |
|
|
|
537,680 |
|
|
|
|
|
Go Daddy Operating Co., LLC/GD Finance Co., Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 12/1/27(9) |
|
|
|
|
|
|
1,249 |
|
|
|
1,317,695 |
|
|
|
|
|
Infor (US), Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 5/15/22 |
|
|
|
|
|
|
1,760 |
|
|
|
1,795,200 |
|
|
|
|
|
Ingram Micro, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.45%, 12/15/24 |
|
|
|
|
|
|
1,889 |
|
|
|
1,958,397 |
|
|
|
|
|
Jabil, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.95%, 1/12/28 |
|
|
|
|
|
|
1,040 |
|
|
|
1,052,035 |
|
|
|
|
|
|
|
|
29 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Electronics / Electrical (continued) |
|
|
|
|
|
Marvell Technology Group, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.875%, 6/22/28 |
|
|
|
|
|
|
1,000 |
|
|
$
|
1,111,784 |
|
|
|
|
|
Microchip Technology, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.333%, 6/1/23 |
|
|
|
|
|
|
527 |
|
|
|
553,841 |
|
|
|
|
|
MTS Systems Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 8/15/27(9) |
|
|
|
|
|
|
414 |
|
|
|
431,595 |
|
|
|
|
|
PerkinElmer, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.30%, 9/15/29 |
|
|
|
|
|
|
1,000 |
|
|
|
1,001,101 |
|
|
|
|
|
Perusahaan Listrik Negara PT |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 10/24/42(10) |
|
|
|
|
|
|
4,400 |
|
|
|
4,983,000 |
|
|
|
|
|
Sensata Tech, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.375%, 2/15/30(9) |
|
|
|
|
|
|
627 |
|
|
|
628,568 |
|
|
|
|
|
SS&C Technologies, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 9/30/27(9) |
|
|
|
|
|
|
517 |
|
|
|
541,247 |
|
|
|
|
|
Trimble, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.90%, 6/15/28 |
|
|
|
|
|
|
967 |
|
|
|
1,050,277 |
|
|
|
|
|
Veritas US, Inc./Veritas Bermuda, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 2/1/23(9) |
|
|
|
|
|
|
605 |
|
|
|
601,033 |
|
|
|
|
|
Western Digital Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 2/15/26 |
|
|
|
|
|
|
740 |
|
|
|
763,125 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
30,899,319 |
|
|
Energy — 0.1% |
|
|
|
|
|
Sunoco, L.P./Sunoco Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.875%, 1/15/23 |
|
|
|
|
|
|
950 |
|
|
$ |
977,313 |
|
|
|
|
|
5.50%, 2/15/26
|
|
|
|
|
|
|
412 |
|
|
|
431,022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,408,335 |
|
|
Entertainment — 0.1% |
|
|
|
|
|
CPUK Finance, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.875%, 2/28/47(10) |
|
|
GBP |
|
|
|
485 |
|
|
$ |
616,015 |
|
|
|
|
|
Entertainment One, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.625%, 7/15/26(10) |
|
|
GBP |
|
|
|
155 |
|
|
|
207,827 |
|
|
|
|
|
Merlin Entertainments PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 6/15/26(9) |
|
|
|
|
|
|
870 |
|
|
|
903,169 |
|
|
|
|
|
Pinewood Finance Co., Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.25%,
9/30/25(10) |
|
|
GBP |
|
|
|
250 |
|
|
|
314,488 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,041,499 |
|
|
Equipment Leasing — 0.1% |
|
|
|
|
|
Ashtead Capital, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.125%,
8/15/25(9) |
|
|
|
|
|
|
2,120 |
|
|
$ |
2,167,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,167,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Financial Intermediaries — 1.3% |
|
|
|
|
|
CIT Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.125%, 3/9/28 |
|
|
|
|
|
|
650 |
|
|
$ |
760,500 |
|
|
|
|
|
Citigroup, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.98% to 3/20/29, 3/20/30(11) |
|
|
|
|
|
|
1,200 |
|
|
|
1,309,275 |
|
|
|
|
|
Credit Acceptance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.375%, 3/15/23 |
|
|
|
|
|
|
925 |
|
|
|
962,000 |
|
|
|
|
|
Ford Motor Credit Co., LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.542%, 8/1/26 |
|
|
|
|
|
|
227 |
|
|
|
227,220 |
|
|
|
|
|
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 2/1/22 |
|
|
|
|
|
|
2,385 |
|
|
|
2,452,972 |
|
|
|
|
|
6.375%, 12/15/25 |
|
|
|
|
|
|
820 |
|
|
|
864,290 |
|
|
|
|
|
6.25%, 5/15/26(9) |
|
|
|
|
|
|
1,615 |
|
|
|
1,695,750 |
|
|
|
|
|
JPMorgan Chase & Co. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.26% to 2/22/47, 2/22/48(11) |
|
|
|
|
|
|
700 |
|
|
|
818,321 |
|
|
|
|
|
Series S, 6.75% to 2/1/24(11)(12) |
|
|
|
|
|
|
3,325 |
|
|
|
3,693,127 |
|
|
|
|
|
KKR Group Finance Co. VI, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.75%, 7/1/29(9) |
|
|
|
|
|
|
1,000 |
|
|
|
1,055,392 |
|
|
|
|
|
Navient Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.00%, 3/25/20 |
|
|
|
|
|
|
2,150 |
|
|
|
2,198,375 |
|
|
|
|
|
5.00%, 10/26/20 |
|
|
|
|
|
|
995 |
|
|
|
1,009,925 |
|
|
|
|
|
7.25%, 1/25/22 |
|
|
|
|
|
|
215 |
|
|
|
232,469 |
|
|
|
|
|
6.75%, 6/15/26 |
|
|
|
|
|
|
680 |
|
|
|
697,204 |
|
|
|
|
|
Springleaf Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.125%, 3/15/26 |
|
|
|
|
|
|
998 |
|
|
|
1,108,978 |
|
|
|
|
|
Synchrony Financial |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 7/23/25 |
|
|
|
|
|
|
895 |
|
|
|
955,977 |
|
|
|
|
|
Synovus Financial Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.90% to 2/7/24, 2/7/29(11) |
|
|
|
|
|
|
1,511 |
|
|
|
1,603,549 |
|
|
|
|
|
UPCB Finance IV, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.375%,
1/15/25(9) |
|
|
|
|
|
|
200 |
|
|
|
206,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
21,851,824 |
|
|
Financial Services — 0.9% |
|
|
|
|
|
Banco BTG Pactual S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 9/28/22(9) |
|
|
|
|
|
|
2,000 |
|
|
$ |
2,080,020 |
|
|
|
|
|
Brookfield Finance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.70%, 9/20/47 |
|
|
|
|
|
|
1,050 |
|
|
|
1,153,394 |
|
|
|
|
|
Carlyle Finance Subsidiary, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.50%, 9/19/29(9) |
|
|
|
|
|
|
1,000 |
|
|
|
989,249 |
|
|
|
|
|
Debt and Asset Trading Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
1.00%, 10/10/25(10) |
|
|
|
|
|
|
2,600 |
|
|
|
2,021,500 |
|
|
|
|
|
Deutsche Bank AG |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 2/4/21 |
|
|
|
|
|
|
2,295 |
|
|
|
2,318,065 |
|
|
|
|
|
|
|
|
30 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Financial Services (continued) |
|
|
|
|
|
Nordea Bank Abp |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.625% to 9/13/28, 9/13/33(9)(11) |
|
|
|
|
|
|
1,000 |
|
|
$
|
1,098,026 |
|
|
|
|
|
Sensata Technologies UK Financing Co. PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 2/15/26(9) |
|
|
|
|
|
|
2,735 |
|
|
|
2,926,450 |
|
|
|
|
|
Yapi ve Kredi Bankasi AS |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.25%,
10/15/24(9) |
|
|
|
|
|
|
1,500 |
|
|
|
1,559,651 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
14,146,355 |
|
|
Food Products — 0.8% |
|
|
|
|
|
Dole Food Co., Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.25%, 6/15/25(9) |
|
|
|
|
|
|
2,249 |
|
|
$ |
2,130,927 |
|
|
|
|
|
Iceland Bondco PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.017%, (3 mo. GBP LIBOR + 4.25%),
7/15/20(9)(14) |
|
|
GBP |
|
|
|
210 |
|
|
|
258,922 |
|
|
|
|
|
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 1/15/30(9) |
|
|
|
|
|
|
2,592 |
|
|
|
2,753,948 |
|
|
|
|
|
PepsiCo, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.85%, 2/24/26 |
|
|
|
|
|
|
750 |
|
|
|
782,180 |
|
|
|
|
|
Post Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 3/1/25(9) |
|
|
|
|
|
|
1,680 |
|
|
|
1,766,100 |
|
|
|
|
|
8.00%, 7/15/25(9) |
|
|
|
|
|
|
745 |
|
|
|
800,875 |
|
|
|
|
|
5.00%, 8/15/26(9) |
|
|
|
|
|
|
2,275 |
|
|
|
2,367,934 |
|
|
|
|
|
5.625%, 1/15/28(9) |
|
|
|
|
|
|
1,193 |
|
|
|
1,269,054 |
|
|
|
|
|
5.50%, 12/15/29(9) |
|
|
|
|
|
|
535 |
|
|
|
559,744 |
|
|
|
|
|
Smithfield Foods, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.65%, 10/3/21(9) |
|
|
|
|
|
|
550 |
|
|
|
544,872 |
|
|
|
|
|
Tesco PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.125%, 2/24/22 |
|
|
GBP |
|
|
|
200 |
|
|
|
273,792 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
13,508,348 |
|
|
Food Service — 0.8% |
|
|
|
|
|
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.625%, 1/15/22(9) |
|
|
|
|
|
|
2,410 |
|
|
$ |
2,416,266 |
|
|
|
|
|
4.25%, 5/15/24(9) |
|
|
|
|
|
|
2,720 |
|
|
|
2,804,891 |
|
|
|
|
|
5.00%, 10/15/25(9) |
|
|
|
|
|
|
3,470 |
|
|
|
3,593,185 |
|
|
|
|
|
3.875%, 1/15/28(9) |
|
|
|
|
|
|
663 |
|
|
|
668,874 |
|
|
|
|
|
US Foods, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 6/15/24(9) |
|
|
|
|
|
|
2,560 |
|
|
|
2,646,400 |
|
|
|
|
|
Yum! Brands, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.75%,
1/15/30(9) |
|
|
|
|
|
|
768 |
|
|
|
793,920 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,923,536 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Food / Drug Retailers — 0.1% |
|
|
|
|
|
Albertsons Cos., Inc./Safeway, Inc./New Albertsons, L.P./Albertsons, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 2/15/28(9) |
|
|
|
|
|
|
1,004 |
|
|
$ |
1,065,184 |
|
|
|
|
|
McDonald’s Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.625%, 9/1/49 |
|
|
|
|
|
|
960 |
|
|
|
975,698 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,040,882 |
|
|
Health Care — 3.9% |
|
|
|
|
|
Amgen, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.60%, 8/19/26 |
|
|
|
|
|
|
840 |
|
|
$ |
844,235 |
|
|
|
|
|
Centene Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 5/15/22 |
|
|
|
|
|
|
870 |
|
|
|
890,837 |
|
|
|
|
|
6.125%, 2/15/24 |
|
|
|
|
|
|
200 |
|
|
|
208,790 |
|
|
|
|
|
4.75%, 1/15/25 |
|
|
|
|
|
|
2,450 |
|
|
|
2,521,050 |
|
|
|
|
|
5.375%, 6/1/26(9) |
|
|
|
|
|
|
2,690 |
|
|
|
2,824,500 |
|
|
|
|
|
Charles River Laboratories International, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 4/1/26(9) |
|
|
|
|
|
|
545 |
|
|
|
581,095 |
|
|
|
|
|
Eagle Holding Co. II, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.625%, (7.625% cash or 8.375% PIK),
5/15/22(9)(13) |
|
|
|
|
|
|
1,461 |
|
|
|
1,475,610 |
|
|
|
|
|
7.75%, (7.75% cash or 8.50% PIK)
5/15/22(9)(13) |
|
|
|
|
|
|
2,276 |
|
|
|
2,298,760 |
|
|
|
|
|
Encompass Health Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 2/1/28 |
|
|
|
|
|
|
520 |
|
|
|
527,020 |
|
|
|
|
|
4.75%, 2/1/30 |
|
|
|
|
|
|
620 |
|
|
|
627,998 |
|
|
|
|
|
Gilead Sciences, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.95%, 3/1/27 |
|
|
|
|
|
|
800 |
|
|
|
825,768 |
|
|
|
|
|
Grifols S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.20%, 5/1/25(10) |
|
|
EUR |
|
|
|
550 |
|
|
|
617,517 |
|
|
|
|
|
HCA Healthcare, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 2/15/21 |
|
|
|
|
|
|
1,710 |
|
|
|
1,794,816 |
|
|
|
|
|
HCA, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 2/15/22 |
|
|
|
|
|
|
2,930 |
|
|
|
3,254,644 |
|
|
|
|
|
5.00%, 3/15/24 |
|
|
|
|
|
|
675 |
|
|
|
737,878 |
|
|
|
|
|
5.875%, 2/15/26 |
|
|
|
|
|
|
2,705 |
|
|
|
3,030,952 |
|
|
|
|
|
5.375%, 9/1/26 |
|
|
|
|
|
|
1,610 |
|
|
|
1,772,932 |
|
|
|
|
|
5.625%, 9/1/28 |
|
|
|
|
|
|
1,990 |
|
|
|
2,222,432 |
|
|
|
|
|
5.875%, 2/1/29 |
|
|
|
|
|
|
1,076 |
|
|
|
1,205,120 |
|
|
|
|
|
Hill-Rom Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.375%, 9/15/27(9) |
|
|
|
|
|
|
308 |
|
|
|
315,654 |
|
|
|
|
|
Hologic, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.375%, 10/15/25(9) |
|
|
|
|
|
|
1,665 |
|
|
|
1,714,950 |
|
|
|
|
|
IQVIA, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.25%, 3/15/25(10) |
|
|
EUR |
|
|
|
300 |
|
|
|
335,977 |
|
|
|
|
|
5.00%, 10/15/26(9) |
|
|
|
|
|
|
850 |
|
|
|
893,563 |
|
|
|
|
|
5.00%, 5/15/27(9) |
|
|
|
|
|
|
577 |
|
|
|
605,850 |
|
|
|
|
|
|
|
|
31 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Health Care (continued) |
|
|
|
|
|
Kinetic Concepts, Inc./KCI USA, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.875%, 2/15/21(9) |
|
|
|
|
|
|
1,230 |
|
|
$
|
1,256,629 |
|
|
|
|
|
12.50%, 11/1/21(9) |
|
|
|
|
|
|
2,480 |
|
|
|
2,641,200 |
|
|
|
|
|
MPH Acquisition Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.125%, 6/1/24(9) |
|
|
|
|
|
|
9,217 |
|
|
|
8,537,246 |
|
|
|
|
|
RegionalCare Hospital Partners Holdings, Inc./ LifePoint Health, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
9.75%, 12/1/26(9) |
|
|
|
|
|
|
1,828 |
|
|
|
1,960,347 |
|
|
|
|
|
Select Medical Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 8/15/26(9) |
|
|
|
|
|
|
533 |
|
|
|
558,318 |
|
|
|
|
|
Syneos Health, Inc./inVentiv Health, Inc./inVentiv Health Clinical, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 10/1/24(9) |
|
|
|
|
|
|
3,367 |
|
|
|
3,489,054 |
|
|
|
|
|
Synlab Bondco PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.50%, (3 mo. EURIBOR + 3.50%),
7/1/22(10)(14) |
|
|
EUR |
|
|
|
580 |
|
|
|
635,628 |
|
|
|
|
|
Team Health Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.375%, 2/1/25(9) |
|
|
|
|
|
|
703 |
|
|
|
489,288 |
|
|
|
|
|
Teleflex, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 6/15/24 |
|
|
|
|
|
|
790 |
|
|
|
814,688 |
|
|
|
|
|
4.625%, 11/15/27 |
|
|
|
|
|
|
1,055 |
|
|
|
1,105,113 |
|
|
|
|
|
Tenet Healthcare Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.125%, 4/1/22 |
|
|
|
|
|
|
2,040 |
|
|
|
2,215,950 |
|
|
|
|
|
6.75%, 6/15/23 |
|
|
|
|
|
|
325 |
|
|
|
342,527 |
|
|
|
|
|
4.625%, 9/1/24(9) |
|
|
|
|
|
|
268 |
|
|
|
276,021 |
|
|
|
|
|
4.875%, 1/1/26(9) |
|
|
|
|
|
|
1,607 |
|
|
|
1,651,192 |
|
|
|
|
|
5.125%, 11/1/27(9) |
|
|
|
|
|
|
1,607 |
|
|
|
1,662,602 |
|
|
|
|
|
UnitedHealth Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.375%, 4/15/27 |
|
|
|
|
|
|
475 |
|
|
|
503,404 |
|
|
|
|
|
3.75%, 10/15/47 |
|
|
|
|
|
|
650 |
|
|
|
696,368 |
|
|
|
|
|
WellCare Health Plans, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 4/1/25 |
|
|
|
|
|
|
2,775 |
|
|
|
2,899,875 |
|
|
|
|
|
5.375%,
8/15/26(9) |
|
|
|
|
|
|
1,706 |
|
|
|
1,825,079 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
65,688,477 |
|
|
Home Furnishings — 0.1% |
|
|
|
|
|
Harman International Industries, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.15%, 5/15/25 |
|
|
|
|
|
|
940 |
|
|
$ |
994,345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
994,345 |
|
|
Industrial Equipment — 0.2% |
|
|
|
|
|
Colfax Escrow Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 2/15/24(9) |
|
|
|
|
|
|
478 |
|
|
$ |
507,684 |
|
|
|
|
|
6.375%, 2/15/26(9) |
|
|
|
|
|
|
780 |
|
|
|
840,206 |
|
|
|
|
|
Harsco Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 7/31/27(9) |
|
|
|
|
|
|
549 |
|
|
|
573,046 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Industrial Equipment (continued) |
|
|
|
|
|
Orano SA |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.875%, 9/23/24 |
|
|
EUR |
|
|
|
200 |
|
|
$
|
254,095 |
|
|
|
|
|
Wabtec Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.45%, 11/15/26 |
|
|
|
|
|
|
1,000 |
|
|
|
1,011,704 |
|
|
|
|
|
Welbilt, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
9.50%, 2/15/24 |
|
|
|
|
|
|
815 |
|
|
|
875,106 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,061,841 |
|
|
Insurance — 1.0% |
|
|
|
|
|
Acrisure, LLC/Acrisure Finance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
10.125%, 8/1/26(9) |
|
|
|
|
|
|
638 |
|
|
$ |
668,305 |
|
|
|
|
|
Alliant Holdings Intermediate, LLC/Alliant Holdings Co-Issuer |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.25%, 8/1/23(9) |
|
|
|
|
|
|
5,430 |
|
|
|
5,558,962 |
|
|
|
|
|
Ardonagh Midco 3 PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.375%, 7/15/23(10) |
|
|
GBP |
|
|
|
100 |
|
|
|
118,312 |
|
|
|
|
|
Athene Holding, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.125%, 1/12/28 |
|
|
|
|
|
|
1,000 |
|
|
|
1,029,268 |
|
|
|
|
|
Galaxy Bidco, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 7/31/26(10) |
|
|
GBP |
|
|
|
300 |
|
|
|
364,992 |
|
|
|
|
|
Galaxy Finco, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
9.25%, 7/31/27(10) |
|
|
GBP |
|
|
|
275 |
|
|
|
322,910 |
|
|
|
|
|
GTCR AP Finance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.00%, 5/15/27(9) |
|
|
|
|
|
|
553 |
|
|
|
569,590 |
|
|
|
|
|
Hub International, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 5/1/26(9) |
|
|
|
|
|
|
2,479 |
|
|
|
2,556,469 |
|
|
|
|
|
Metropolitan Life Global Funding I |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.45%, 12/18/26(9) |
|
|
|
|
|
|
975 |
|
|
|
1,048,722 |
|
|
|
|
|
Radian Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.875%, 3/15/27 |
|
|
|
|
|
|
1,032 |
|
|
|
1,047,480 |
|
|
|
|
|
USI, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.875%,
5/1/25(9) |
|
|
|
|
|
|
3,948 |
|
|
|
4,017,011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
17,302,021 |
|
|
Internet Software & Services — 0.7% |
|
|
|
|
|
CDK Global, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 5/15/29(9) |
|
|
|
|
|
|
531 |
|
|
$ |
550,249 |
|
|
|
|
|
eDreams Odigeo SA |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 9/1/23(10) |
|
|
EUR |
|
|
|
180 |
|
|
|
208,905 |
|
|
|
|
|
Netflix, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 2/15/22 |
|
|
|
|
|
|
1,825 |
|
|
|
1,934,500 |
|
|
|
|
|
4.875%, 4/15/28 |
|
|
|
|
|
|
1,665 |
|
|
|
1,698,217 |
|
|
|
|
|
5.875%, 11/15/28 |
|
|
|
|
|
|
1,810 |
|
|
|
1,970,728 |
|
|
|
|
|
5.375%, 11/15/29(9) |
|
|
|
|
|
|
1,000 |
|
|
|
1,042,500 |
|
|
|
|
|
|
|
|
32 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Internet Software & Services (continued) |
|
|
|
|
|
Oracle Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.25%, 11/15/27 |
|
|
|
|
|
|
1,180 |
|
|
$
|
1,252,511 |
|
|
|
|
|
Riverbed Technology, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.875%, 3/1/23(9) |
|
|
|
|
|
|
2,966 |
|
|
|
1,631,300 |
|
|
|
|
|
Symantec Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 4/15/25(9) |
|
|
|
|
|
|
2,000 |
|
|
|
2,023,582 |
|
|
|
|
|
United Group B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.875%,
7/1/24(10) |
|
|
EUR |
|
|
|
125 |
|
|
|
142,238 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,454,730 |
|
|
Leisure Goods / Activities / Movies — 1.2% |
|
|
|
|
|
AMC Entertainment Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.375%, 11/15/24 |
|
|
GBP |
|
|
|
225 |
|
|
$ |
272,208 |
|
|
|
|
|
5.875%, 11/15/26 |
|
|
|
|
|
|
710 |
|
|
|
648,526 |
|
|
|
|
|
6.125%, 5/15/27 |
|
|
|
|
|
|
2,545 |
|
|
|
2,315,950 |
|
|
|
|
|
Cedar Fair, L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 7/15/29(9) |
|
|
|
|
|
|
526 |
|
|
|
564,793 |
|
|
|
|
|
Cinemark USA, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.875%, 6/1/23 |
|
|
|
|
|
|
2,730 |
|
|
|
2,777,775 |
|
|
|
|
|
Mattel, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 12/31/25(9) |
|
|
|
|
|
|
3,502 |
|
|
|
3,662,882 |
|
|
|
|
|
National CineMedia, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 4/15/22 |
|
|
|
|
|
|
725 |
|
|
|
734,062 |
|
|
|
|
|
NCL Corp., Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 12/15/21(9) |
|
|
|
|
|
|
1,086 |
|
|
|
1,108,763 |
|
|
|
|
|
Sabre GLBL, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.375%, 4/15/23(9) |
|
|
|
|
|
|
855 |
|
|
|
876,375 |
|
|
|
|
|
Viking Cruises, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 5/15/25(9) |
|
|
|
|
|
|
1,690 |
|
|
|
1,774,500 |
|
|
|
|
|
5.875%, 9/15/27(9) |
|
|
|
|
|
|
4,760 |
|
|
|
5,055,596 |
|
|
|
|
|
WMG Acquisition Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.625%,
10/15/26(10) |
|
|
EUR |
|
|
|
165 |
|
|
|
191,532 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
19,982,962 |
|
|
Lodging and Casinos — 2.3% |
|
|
|
|
|
Caesars Resort Collection, LLC/CRC Finco, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 10/15/25(9) |
|
|
|
|
|
|
3,112 |
|
|
$ |
3,189,489 |
|
|
|
|
|
Eldorado Resorts, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 4/1/25 |
|
|
|
|
|
|
930 |
|
|
|
983,475 |
|
|
|
|
|
ESH Hospitality, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 5/1/25(9) |
|
|
|
|
|
|
1,260 |
|
|
|
1,305,675 |
|
|
|
|
|
4.625%, 10/1/27(9) |
|
|
|
|
|
|
1,250 |
|
|
|
1,256,250 |
|
|
|
|
|
Gateway Casinos & Entertainment, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.25%, 3/1/24(9) |
|
|
|
|
|
|
255 |
|
|
|
265,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Lodging and Casinos (continued) |
|
|
|
|
|
GLP Capital, L.P./GLP Financing II, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 6/1/28 |
|
|
|
|
|
|
1,125 |
|
|
$
|
1,283,895 |
|
|
|
|
|
Golden Entertainment, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.625%, 4/15/26(9) |
|
|
|
|
|
|
557 |
|
|
|
583,458 |
|
|
|
|
|
Golden Nugget, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 10/15/24(9) |
|
|
|
|
|
|
1,665 |
|
|
|
1,710,787 |
|
|
|
|
|
8.75%, 10/1/25(9) |
|
|
|
|
|
|
1,321 |
|
|
|
1,380,445 |
|
|
|
|
|
Hilton Domestic Operating Co., Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 9/1/24 |
|
|
|
|
|
|
1,410 |
|
|
|
1,439,962 |
|
|
|
|
|
Jack Ohio Finance, LLC/Jack Ohio Finance 1 Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
10.25%, 11/15/22(9) |
|
|
|
|
|
|
766 |
|
|
|
812,918 |
|
|
|
|
|
Melco Resorts Finance, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.625%, 7/17/27(9) |
|
|
|
|
|
|
643 |
|
|
|
668,945 |
|
|
|
|
|
MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.625%, 5/1/24 |
|
|
|
|
|
|
480 |
|
|
|
528,000 |
|
|
|
|
|
4.50%, 9/1/26 |
|
|
|
|
|
|
895 |
|
|
|
953,175 |
|
|
|
|
|
5.75%, 2/1/27(9) |
|
|
|
|
|
|
573 |
|
|
|
644,081 |
|
|
|
|
|
MGM Resorts International |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.625%, 12/15/21 |
|
|
|
|
|
|
2,455 |
|
|
|
2,668,585 |
|
|
|
|
|
7.75%, 3/15/22 |
|
|
|
|
|
|
3,340 |
|
|
|
3,745,008 |
|
|
|
|
|
5.75%, 6/15/25 |
|
|
|
|
|
|
1,445 |
|
|
|
1,598,531 |
|
|
|
|
|
NH Hotel Group S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.75%, 10/1/23(10) |
|
|
EUR |
|
|
|
225 |
|
|
|
249,445 |
|
|
|
|
|
RHP Hotel Properties, L.P./RHP Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 4/15/23 |
|
|
|
|
|
|
1,596 |
|
|
|
1,635,900 |
|
|
|
|
|
Stars Group Holdings B.V./Stars Group US Co-Borrower, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 7/15/26(9) |
|
|
|
|
|
|
3,930 |
|
|
|
4,195,275 |
|
|
|
|
|
Studio City Co., Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.25%, 11/30/21(9) |
|
|
|
|
|
|
845 |
|
|
|
867,393 |
|
|
|
|
|
TVL Finance PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.137%, (3 mo. GBP LIBOR + 5.375%),
7/15/25(10)(14) |
|
|
GBP |
|
|
|
300 |
|
|
|
357,799 |
|
|
|
|
|
VICI Properties 1, LLC/VICI FC, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.00%, 10/15/23 |
|
|
|
|
|
|
2,969 |
|
|
|
3,260,577 |
|
|
|
|
|
Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 5/15/27(9) |
|
|
|
|
|
|
2,009 |
|
|
|
2,066,759 |
|
|
|
|
|
Wynn Macau, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 10/1/27(9) |
|
|
|
|
|
|
215 |
|
|
|
218,225 |
|
|
|
|
|
Wynn Resorts Finance, LLC/Wynn Resorts Capital Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.125%,
10/1/29(9) |
|
|
|
|
|
|
1,216 |
|
|
|
1,276,526 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
39,146,416 |
|
|
|
|
|
|
|
|
33 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Machinery — 0.2% |
|
|
|
|
|
Cloud Crane, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
10.125%, 8/1/24(9) |
|
|
|
|
|
|
1,625 |
|
|
$ |
1,742,812 |
|
|
|
|
|
Granite Holdings US Acquisition Co. |
|
|
|
|
|
|
|
|
|
|
|
|
|
11.00%, 10/1/27(9) |
|
|
|
|
|
|
514 |
|
|
|
498,580 |
|
|
|
|
|
Nvent Finance S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.55%, 4/15/28 |
|
|
|
|
|
|
1,000 |
|
|
|
1,045,487 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,286,879 |
|
|
Manufacturing — 0.2% |
|
|
|
|
|
Novelis Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 8/15/24(9) |
|
|
|
|
|
|
1,065 |
|
|
$ |
1,115,588 |
|
|
|
|
|
5.875%,
9/30/26(9) |
|
|
|
|
|
|
1,530 |
|
|
|
1,608,412 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,724,000 |
|
|
Media — 0.2% |
|
|
|
|
|
MDC Partners, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 5/1/24(9) |
|
|
|
|
|
|
94 |
|
|
$ |
86,127 |
|
|
|
|
|
Nexstar Escrow, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.625%, 7/15/27(9) |
|
|
|
|
|
|
797 |
|
|
|
836,850 |
|
|
|
|
|
Scripps Escrow, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 7/15/27(9) |
|
|
|
|
|
|
1,036 |
|
|
|
1,054,130 |
|
|
|
|
|
Telenet Finance Luxembourg S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.50%, 3/1/28(10) |
|
|
EUR |
|
|
|
200 |
|
|
|
235,615 |
|
|
|
|
|
TWDC Enterprises 18 Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.00%, 7/30/46 |
|
|
|
|
|
|
495 |
|
|
|
502,138 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,714,860 |
|
|
Metals / Mining — 0.4% |
|
|
|
|
|
Alcoa Nederland Holding B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 9/30/24(9) |
|
|
|
|
|
|
670 |
|
|
$ |
706,012 |
|
|
|
|
|
7.00%, 9/30/26(9) |
|
|
|
|
|
|
200 |
|
|
|
218,006 |
|
|
|
|
|
6.125%, 5/15/28(9) |
|
|
|
|
|
|
799 |
|
|
|
852,853 |
|
|
|
|
|
Constellium N.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 2/15/26(9) |
|
|
|
|
|
|
1,205 |
|
|
|
1,259,225 |
|
|
|
|
|
Freeport-McMoRan, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.40%, 11/14/34 |
|
|
|
|
|
|
775 |
|
|
|
740,125 |
|
|
|
|
|
5.45%, 3/15/43 |
|
|
|
|
|
|
1,258 |
|
|
|
1,138,968 |
|
|
|
|
|
Hecla Mining Co. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.875%, 5/1/21 |
|
|
|
|
|
|
719 |
|
|
|
715,405 |
|
|
|
|
|
Hudbay Minerals, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.25%,
1/15/23(9) |
|
|
|
|
|
|
1,015 |
|
|
|
1,051,794 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,682,388 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Nonferrous Metals / Minerals — 0.4% |
|
|
|
|
|
Eldorado Gold Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
9.50%, 6/1/24(9) |
|
|
|
|
|
|
537 |
|
|
$ |
582,645 |
|
|
|
|
|
First Quantum Minerals, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.25%, 4/1/23(9) |
|
|
|
|
|
|
1,851 |
|
|
|
1,832,490 |
|
|
|
|
|
7.50%, 4/1/25(9) |
|
|
|
|
|
|
1,156 |
|
|
|
1,144,440 |
|
|
|
|
|
6.875%, 3/1/26(9) |
|
|
|
|
|
|
872 |
|
|
|
834,940 |
|
|
|
|
|
New Gold, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 11/15/22(9) |
|
|
|
|
|
|
1,097 |
|
|
|
1,105,447 |
|
|
|
|
|
6.375%,
5/15/25(9) |
|
|
|
|
|
|
695 |
|
|
|
652,153 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,152,115 |
|
|
Oil and Gas — 6.0% |
|
|
|
|
|
Aker BP ASA |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 7/1/22(9) |
|
|
|
|
|
|
150 |
|
|
$ |
155,250 |
|
|
|
|
|
4.75%, 6/15/24(9) |
|
|
|
|
|
|
1,106 |
|
|
|
1,157,982 |
|
|
|
|
|
5.875%, 3/31/25(9) |
|
|
|
|
|
|
675 |
|
|
|
712,982 |
|
|
|
|
|
AmeriGas Partners, L.P./AmeriGas Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.625%, 5/20/24 |
|
|
|
|
|
|
216 |
|
|
|
232,335 |
|
|
|
|
|
5.50%, 5/20/25 |
|
|
|
|
|
|
880 |
|
|
|
949,300 |
|
|
|
|
|
Antero Resources Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.375%, 11/1/21 |
|
|
|
|
|
|
2,715 |
|
|
|
2,636,944 |
|
|
|
|
|
5.625%, 6/1/23 |
|
|
|
|
|
|
270 |
|
|
|
234,900 |
|
|
|
|
|
Apache Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 1/15/30 |
|
|
|
|
|
|
1,000 |
|
|
|
1,016,668 |
|
|
|
|
|
Ascent Resources Utica Holdings, LLC/ARU Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
10.00%, 4/1/22(9) |
|
|
|
|
|
|
862 |
|
|
|
866,051 |
|
|
|
|
|
7.00%, 11/1/26(9) |
|
|
|
|
|
|
1,951 |
|
|
|
1,638,840 |
|
|
|
|
|
Baker Hughes a GE Co., LLC/Baker Hughes Co-Obligor, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.337%, 12/15/27 |
|
|
|
|
|
|
1,700 |
|
|
|
1,745,564 |
|
|
|
|
|
Berry Petroleum Co., LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 2/15/26(9) |
|
|
|
|
|
|
722 |
|
|
|
694,925 |
|
|
|
|
|
Brazos Valley Longhorn, LLC/Brazos Valley Longhorn Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.875%, 2/1/25 |
|
|
|
|
|
|
894 |
|
|
|
775,545 |
|
|
|
|
|
Centennial Resource Production, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.375%, 1/15/26(9) |
|
|
|
|
|
|
2,175 |
|
|
|
2,088,000 |
|
|
|
|
|
6.875%, 4/1/27(9) |
|
|
|
|
|
|
1,604 |
|
|
|
1,608,010 |
|
|
|
|
|
CGG Holding US, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
9.00%, 5/1/23(9) |
|
|
|
|
|
|
200 |
|
|
|
214,000 |
|
|
|
|
|
Cheniere Corpus Christi Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 6/30/24 |
|
|
|
|
|
|
244 |
|
|
|
280,905 |
|
|
|
|
|
5.875%, 3/31/25 |
|
|
|
|
|
|
1,738 |
|
|
|
1,937,870 |
|
|
|
|
|
|
|
|
34 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Oil and Gas (continued) |
|
|
|
|
|
Cheniere Energy Partners, L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 10/1/25 |
|
|
|
|
1,590 |
|
|
$
|
1,659,960 |
|
|
|
|
|
5.625%, 10/1/26 |
|
|
|
|
1,265 |
|
|
|
1,348,680 |
|
|
|
|
|
4.50%, 10/1/29(9) |
|
|
|
|
2,062 |
|
|
|
2,117,416 |
|
|
|
|
|
Citgo Holding, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
9.25%, 8/1/24(9) |
|
|
|
|
1,258 |
|
|
|
1,339,770 |
|
|
|
|
|
CrownRock, L.P./CrownRock Finance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
5.625%, 10/15/25(9) |
|
|
|
|
3,677 |
|
|
|
3,713,696 |
|
|
|
|
|
CVR Refining, LLC/Coffeyville Finance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 11/1/22 |
|
|
|
|
5,412 |
|
|
|
5,486,415 |
|
|
|
|
|
Diamondback Energy, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 11/1/24 |
|
|
|
|
490 |
|
|
|
502,863 |
|
|
|
|
|
5.375%, 5/31/25 |
|
|
|
|
1,235 |
|
|
|
1,291,884 |
|
|
|
|
|
Endeavor Energy Resources, L.P./EER Finance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 1/30/26(9) |
|
|
|
|
1,045 |
|
|
|
1,092,025 |
|
|
|
|
|
5.75%, 1/30/28(9) |
|
|
|
|
1,390 |
|
|
|
1,483,825 |
|
|
|
|
|
Energy Transfer Operating, L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 10/15/20 |
|
|
|
|
1,950 |
|
|
|
2,049,739 |
|
|
|
|
|
5.875%, 1/15/24 |
|
|
|
|
875 |
|
|
|
973,570 |
|
|
|
|
|
Series A, 6.25% to 2/15/23(11)(12) |
|
|
|
|
1,345 |
|
|
|
1,249,532 |
|
|
|
|
|
Eni SpA |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 9/12/28(9) |
|
|
|
|
1,000 |
|
|
|
1,135,795 |
|
|
|
|
|
EP Energy, LLC/Everest Acquisition Finance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
7.75%, 5/15/26(7)(9) |
|
|
|
|
480 |
|
|
|
362,400 |
|
|
|
|
|
Extraction Oil & Gas, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
7.375%, 5/15/24(9) |
|
|
|
|
535 |
|
|
|
353,100 |
|
|
|
|
|
5.625%, 2/1/26(9) |
|
|
|
|
1,716 |
|
|
|
1,059,630 |
|
|
|
|
|
Gran Tierra Energy International Holdings, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 2/15/25(9) |
|
|
|
|
550 |
|
|
|
495,000 |
|
|
|
|
|
Gran Tierra Energy, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
7.75%, 5/23/27(9) |
|
|
|
|
1,000 |
|
|
|
942,500 |
|
|
|
|
|
Great Western Petroleum, LLC/Great Western Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
9.00%, 9/30/21(9) |
|
|
|
|
2,485 |
|
|
|
2,174,375 |
|
|
|
|
|
Hilcorp Energy I, L.P./Hilcorp Finance Co. |
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 12/1/24(9) |
|
|
|
|
1,620 |
|
|
|
1,522,800 |
|
|
|
|
|
5.75%, 10/1/25(9) |
|
|
|
|
10 |
|
|
|
9,350 |
|
|
|
|
|
6.25%, 11/1/28(9) |
|
|
|
|
1,950 |
|
|
|
1,823,250 |
|
|
|
|
|
Holly Energy Partners, L.P./Holly Energy Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 8/1/24(9) |
|
|
|
|
525 |
|
|
|
550,594 |
|
|
|
|
|
Ithaca Energy North Sea PLC |
|
|
|
|
|
|
|
|
|
|
|
|
9.375%, 7/15/24(9) |
|
|
|
|
200 |
|
|
|
208,950 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Oil and Gas (continued) |
|
|
|
|
|
Jagged Peak Energy, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 5/1/26 |
|
|
|
|
507 |
|
|
$
|
510,803 |
|
|
|
|
|
Matador Resources Co. |
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 9/15/26 |
|
|
|
|
2,220 |
|
|
|
2,235,318 |
|
|
|
|
|
Moss Creek Resources Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 1/15/26(9) |
|
|
|
|
1,915 |
|
|
|
1,419,494 |
|
|
|
|
|
Neptune Energy Bondco PLC |
|
|
|
|
|
|
|
|
|
|
|
|
6.625%, 5/15/25(9) |
|
|
|
|
1,590 |
|
|
|
1,641,675 |
|
|
|
|
|
6.625%, 5/15/25(10) |
|
|
|
|
450 |
|
|
|
464,625 |
|
|
|
|
|
Nine Energy Service, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
8.75%, 11/1/23(9) |
|
|
|
|
600 |
|
|
|
489,000 |
|
|
|
|
|
Oceaneering International, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
4.65%, 11/15/24 |
|
|
|
|
496 |
|
|
|
468,720 |
|
|
|
|
|
Parsley Energy, LLC/Parsley Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, 6/1/24(9) |
|
|
|
|
345 |
|
|
|
357,938 |
|
|
|
|
|
5.375%, 1/15/25(9) |
|
|
|
|
1,240 |
|
|
|
1,261,700 |
|
|
|
|
|
5.25%, 8/15/25(9) |
|
|
|
|
1,170 |
|
|
|
1,193,061 |
|
|
|
|
|
5.625%, 10/15/27(9) |
|
|
|
|
923 |
|
|
|
957,612 |
|
|
|
|
|
Patterson-UTI Energy, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
3.95%, 2/1/28 |
|
|
|
|
1,310 |
|
|
|
1,316,923 |
|
|
|
|
|
PBF Holding Co., LLC/PBF Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 11/15/23 |
|
|
|
|
730 |
|
|
|
756,468 |
|
|
|
|
|
7.25%, 6/15/25 |
|
|
|
|
3,219 |
|
|
|
3,347,760 |
|
|
|
|
|
PBF Logistics, L.P./PBF Logistics Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
6.875%, 5/15/23 |
|
|
|
|
1,800 |
|
|
|
1,859,616 |
|
|
|
|
|
Petroleos Mexicanos |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 3/13/27 |
|
|
|
|
2,700 |
|
|
|
2,817,450 |
|
|
|
|
|
Precision Drilling Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 12/15/21 |
|
|
|
|
72 |
|
|
|
71,161 |
|
|
|
|
|
7.75%, 12/15/23 |
|
|
|
|
90 |
|
|
|
87,881 |
|
|
|
|
|
7.125%, 1/15/26(9) |
|
|
|
|
500 |
|
|
|
465,000 |
|
|
|
|
|
Sabine Pass Liquefaction, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
5.625%, 2/1/21 |
|
|
|
|
935 |
|
|
|
966,096 |
|
|
|
|
|
Seven Generations Energy, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
6.875%, 6/30/23(9) |
|
|
|
|
1,250 |
|
|
|
1,284,375 |
|
|
|
|
|
5.375%, 9/30/25(9) |
|
|
|
|
1,710 |
|
|
|
1,699,312 |
|
|
|
|
|
Shelf Drilling Holdings, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
8.25%, 2/15/25(9) |
|
|
|
|
2,715 |
|
|
|
2,321,325 |
|
|
|
|
|
Shell International Finance B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
3.75%, 9/12/46 |
|
|
|
|
400 |
|
|
|
447,418 |
|
|
|
|
|
SM Energy Co. |
|
|
|
|
|
|
|
|
|
|
|
|
6.125%, 11/15/22 |
|
|
|
|
561 |
|
|
|
540,439 |
|
|
|
|
|
6.75%, 9/15/26 |
|
|
|
|
1,275 |
|
|
|
1,122,000 |
|
|
|
|
|
6.625%, 1/15/27 |
|
|
|
|
930 |
|
|
|
804,450 |
|
|
|
|
|
|
|
|
35 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Oil and Gas (continued) |
|
|
|
|
|
Tallgrass Energy Partners, L.P./Tallgrass Energy Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 1/15/28(9) |
|
|
|
|
|
|
1,167 |
|
|
$
|
1,146,461 |
|
|
|
|
|
Targa Resources Partners, L.P./Targa Resources Partners Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 4/15/26 |
|
|
|
|
|
|
985 |
|
|
|
1,044,100 |
|
|
|
|
|
6.50%, 7/15/27(9) |
|
|
|
|
|
|
566 |
|
|
|
618,972 |
|
|
|
|
|
6.875%, 1/15/29(9) |
|
|
|
|
|
|
1,132 |
|
|
|
1,239,619 |
|
|
|
|
|
Tervita Escrow Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.625%, 12/1/21(9) |
|
|
|
|
|
|
2,381 |
|
|
|
2,431,596 |
|
|
|
|
|
Transocean Guardian, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 1/15/24(9) |
|
|
|
|
|
|
943 |
|
|
|
952,834 |
|
|
|
|
|
Transocean Pontus, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.125%, 8/1/25(9) |
|
|
|
|
|
|
645 |
|
|
|
658,155 |
|
|
|
|
|
Transocean Poseidon, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.875%, 2/1/27(9) |
|
|
|
|
|
|
294 |
|
|
|
304,290 |
|
|
|
|
|
Transocean, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.25%, 11/1/25(9) |
|
|
|
|
|
|
1,292 |
|
|
|
1,143,420 |
|
|
|
|
|
7.50%, 1/15/26(9) |
|
|
|
|
|
|
523 |
|
|
|
466,778 |
|
|
|
|
|
Whiting Petroleum Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 3/15/21 |
|
|
|
|
|
|
543 |
|
|
|
520,618 |
|
|
|
|
|
Williams Cos., Inc. (The) |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.70%, 1/15/23 |
|
|
|
|
|
|
1,605 |
|
|
|
1,660,899 |
|
|
|
|
|
4.55%, 6/24/24 |
|
|
|
|
|
|
1,240 |
|
|
|
1,335,952 |
|
|
|
|
|
5.75%, 6/24/44 |
|
|
|
|
|
|
790 |
|
|
|
913,391 |
|
|
|
|
|
Woodside Finance, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.70%, 9/15/26(9) |
|
|
|
|
|
|
1,000 |
|
|
|
1,035,288 |
|
|
|
|
|
WPX Energy, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 10/15/27 |
|
|
|
|
|
|
371 |
|
|
|
374,710 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
100,647,893 |
|
|
Packaging & Containers — 0.2% |
|
|
|
|
|
ARD Finance S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.125%, (7.125% cash or 7.875% PIK),
9/15/23(13) |
|
|
|
|
|
|
708 |
|
|
$ |
732,780 |
|
|
|
|
|
Guala Closures SpA |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.50%, (3 mo. EURIBOR + 3.50%),
4/15/24(10)(14) |
|
|
EUR |
|
|
|
200 |
|
|
|
221,333 |
|
|
|
|
|
Smurfit Kappa Treasury ULC |
|
|
|
|
|
|
|
|
|
|
|
|
|
1.50%, 9/15/27(10) |
|
|
EUR |
|
|
|
145 |
|
|
|
158,537 |
|
|
|
|
|
Trivium Packaging Finance B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.75%, 8/15/26(10) |
|
|
EUR |
|
|
|
280 |
|
|
|
323,688 |
|
|
|
|
|
5.50%, 8/15/26(9) |
|
|
|
|
|
|
779 |
|
|
|
820,832 |
|
|
|
|
|
8.50%,
8/15/27(9) |
|
|
|
|
|
|
858 |
|
|
|
929,857 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,187,027 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Pharmaceuticals — 0.4% |
|
|
|
|
|
AbbVie, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.45%, 5/14/46 |
|
|
|
|
|
|
380 |
|
|
$ |
394,533 |
|
|
|
|
|
CVS Health Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.78%, 3/25/38 |
|
|
|
|
|
|
2,245 |
|
|
|
2,478,860 |
|
|
|
|
|
Diocle SpA |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.875%, (3 mo. EURIBOR + 3.875%),
6/30/26(10)(14) |
|
|
EUR |
|
|
|
140 |
|
|
|
155,797 |
|
|
|
|
|
Pfizer, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.95%, 3/15/24 |
|
|
|
|
|
|
1,000 |
|
|
|
1,040,102 |
|
|
|
|
|
Rossini S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.25%, (3 mo. EURIBOR + 6.25%),
10/30/25(10)(14) |
|
|
EUR |
|
|
|
300 |
|
|
|
334,565 |
|
|
|
|
|
6.75%, 10/30/25(10) |
|
|
EUR |
|
|
|
250 |
|
|
|
301,392 |
|
|
|
|
|
Teva Pharmaceutical Finance Netherlands III B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 4/15/24 |
|
|
|
|
|
|
2,500 |
|
|
|
2,164,062 |
|
|
|
|
|
Vizient, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.25%,
5/15/27(9) |
|
|
|
|
|
|
372 |
|
|
|
399,900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,269,211 |
|
|
Pipelines — 0.4% |
|
|
|
|
|
Antero Midstream Partners, L.P./Antero Midstream Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.375%, 9/15/24 |
|
|
|
|
|
|
504 |
|
|
$ |
455,969 |
|
|
|
|
|
5.75%, 3/1/27(9) |
|
|
|
|
|
|
1,378 |
|
|
|
1,154,048 |
|
|
|
|
|
Crestwood Midstream Partners L.P./Crestwood Midstream Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.625%, 5/1/27(9) |
|
|
|
|
|
|
1,060 |
|
|
|
1,084,846 |
|
|
|
|
|
EnLink Midstream, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.375%, 6/1/29 |
|
|
|
|
|
|
926 |
|
|
|
886,645 |
|
|
|
|
|
Enterprise Products Operating, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.45%, 2/15/43 |
|
|
|
|
|
|
400 |
|
|
|
438,426 |
|
|
|
|
|
Georgian Oil and Gas Corp. JSC |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 4/26/21(10) |
|
|
|
|
|
|
615 |
|
|
|
640,238 |
|
|
|
|
|
NGPL PipeCo, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.375%, 8/15/22(9) |
|
|
|
|
|
|
340 |
|
|
|
352,675 |
|
|
|
|
|
Plains All American Pipeline, L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series B, 6.125% to 11/15/22(11)(12) |
|
|
|
|
|
|
1,850 |
|
|
|
1,745,438 |
|
|
|
|
|
TransCanada PipeLines, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 5/15/38 |
|
|
|
|
|
|
390 |
|
|
|
446,177 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,204,462 |
|
|
Publishing — 0.3% |
|
|
|
|
|
Laureate Education, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.25%,
5/1/25(9) |
|
|
|
|
|
|
4,048 |
|
|
$ |
4,422,440 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,422,440 |
|
|
|
|
|
|
|
|
36 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Radio and Television — 0.8% |
|
|
|
|
|
Clear Channel Worldwide Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
9.25%, 2/15/24(9) |
|
|
|
|
|
|
238 |
|
|
$ |
262,076 |
|
|
|
|
|
5.125%, 8/15/27(9) |
|
|
|
|
|
|
1,276 |
|
|
|
1,332,591 |
|
|
|
|
|
Diamond Sports Group, LLC/Diamond Sports Finance Co. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.375%, 8/15/26(9) |
|
|
|
|
|
|
1,996 |
|
|
|
2,075,840 |
|
|
|
|
|
6.625%, 8/15/27(9) |
|
|
|
|
|
|
1,996 |
|
|
|
2,072,946 |
|
|
|
|
|
iHeartCommunications, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.375%, 5/1/26 |
|
|
|
|
|
|
179 |
|
|
|
194,251 |
|
|
|
|
|
8.375%, 5/1/27 |
|
|
|
|
|
|
2,770 |
|
|
|
3,005,990 |
|
|
|
|
|
Nielsen Co. Luxembourg S.a.r.l. (The) |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 10/1/21(9) |
|
|
|
|
|
|
1,250 |
|
|
|
1,257,812 |
|
|
|
|
|
Sirius XM Radio, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.625%, 7/15/24(9) |
|
|
|
|
|
|
1,595 |
|
|
|
1,657,731 |
|
|
|
|
|
5.00%,
8/1/27(9) |
|
|
|
|
|
|
1,609 |
|
|
|
1,665,637 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
13,524,874 |
|
|
Real Estate Investment Trusts (REITs) — 0.3% |
|
|
|
|
|
CBL & Associates, L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 12/1/23 |
|
|
|
|
|
|
1,465 |
|
|
$ |
1,024,914 |
|
|
|
|
|
EPR Properties |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.75%, 8/15/29 |
|
|
|
|
|
|
1,275 |
|
|
|
1,276,819 |
|
|
|
|
|
Service Properties Trust |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.35%, 10/1/24 |
|
|
|
|
|
|
485 |
|
|
|
491,370 |
|
|
|
|
|
4.75%, 10/1/26 |
|
|
|
|
|
|
1,015 |
|
|
|
1,021,108 |
|
|
|
|
|
WP Carey, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.85%, 7/15/29 |
|
|
|
|
|
|
1,388 |
|
|
|
1,470,294 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,284,505 |
|
|
Retail — 0.1% |
|
|
|
|
|
Newmark Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.125%, 11/15/23 |
|
|
|
|
|
|
2,126 |
|
|
$ |
2,308,046 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,308,046 |
|
|
Retailers (Except Food and Drug) — 0.6% |
|
|
|
|
|
Best Buy Co., Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.45%, 10/1/28 |
|
|
|
|
|
|
1,000 |
|
|
$ |
1,087,318 |
|
|
|
|
|
Macy’s Retail Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.30%, 2/15/43 |
|
|
|
|
|
|
1,252 |
|
|
|
1,013,019 |
|
|
|
|
|
Murphy Oil USA, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.625%, 5/1/27 |
|
|
|
|
|
|
560 |
|
|
|
593,600 |
|
|
|
|
|
4.75%, 9/15/29 |
|
|
|
|
|
|
728 |
|
|
|
746,200 |
|
|
|
|
|
Nordstrom, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 1/15/44 |
|
|
|
|
|
|
775 |
|
|
|
723,131 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Retailers (Except Food and Drug) (continued) |
|
|
|
|
|
Party City Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.125%, 8/15/23(9) |
|
|
|
|
|
|
3,565 |
|
|
$
|
3,631,844 |
|
|
|
|
|
6.625%, 8/1/26(9) |
|
|
|
|
|
|
594 |
|
|
|
589,545 |
|
|
|
|
|
Tapestry, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.125%, 7/15/27 |
|
|
|
|
|
|
1,000 |
|
|
|
1,020,749 |
|
|
|
|
|
Walmart, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.55%, 6/26/25 |
|
|
|
|
|
|
1,000 |
|
|
|
1,080,526 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
10,485,932 |
|
|
Road & Rail — 0.1% |
|
|
|
|
|
Watco Cos., LLC/Watco Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.375%,
4/1/23(9) |
|
|
|
|
|
|
1,990 |
|
|
$ |
2,029,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,029,800 |
|
|
Software and Services — 0.5% |
|
|
|
|
|
Camelot Finance S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.875%, 10/15/24(9) |
|
|
|
|
|
|
2,282 |
|
|
$ |
2,384,690 |
|
|
|
|
|
Gartner, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.125%, 4/1/25(9) |
|
|
|
|
|
|
795 |
|
|
|
833,756 |
|
|
|
|
|
IHS Markit, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 11/1/22(9) |
|
|
|
|
|
|
2,240 |
|
|
|
2,389,142 |
|
|
|
|
|
InterXion Holding N.V. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 6/15/25(10) |
|
|
EUR |
|
|
|
300 |
|
|
|
355,188 |
|
|
|
|
|
j2 Cloud Services, LLC/j2 Global Co-Obligor, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 7/15/25(9) |
|
|
|
|
|
|
1,915 |
|
|
|
2,029,134 |
|
|
|
|
|
Microsoft Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.75%, 2/12/45 |
|
|
|
|
|
|
750 |
|
|
|
860,817 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,852,727 |
|
|
Steel — 0.4% |
|
|
|
|
|
Allegheny Ludlum, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.95%, 12/15/25 |
|
|
|
|
|
|
225 |
|
|
$ |
235,125 |
|
|
|
|
|
Allegheny Technologies, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.95%, 1/15/21 |
|
|
|
|
|
|
745 |
|
|
|
765,022 |
|
|
|
|
|
7.875%, 8/15/23 |
|
|
|
|
|
|
4,896 |
|
|
|
5,329,394 |
|
|
|
|
|
Infrabuild Australia Pty, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
12.00%,
10/1/24(9)(15) |
|
|
|
|
|
|
994 |
|
|
|
1,023,820 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,353,361 |
|
|
Super Retail — 0.0%(5) |
|
|
|
|
|
Dufry Finance SCA |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50%,
8/1/23(10) |
|
|
EUR |
|
|
|
500 |
|
|
$ |
559,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
559,918 |
|
|
|
|
|
|
|
|
37 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Surface Transport — 0.8% |
|
|
|
|
|
Anglian Water Osprey Financing PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.00%, 3/8/26(10) |
|
|
GBP |
|
|
|
325 |
|
|
$ |
373,629 |
|
|
|
|
|
CMA CGM S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 1/15/25(10) |
|
|
EUR |
|
|
|
185 |
|
|
|
144,444 |
|
|
|
|
|
DAE Funding, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 8/1/22(9) |
|
|
|
|
|
|
1,050 |
|
|
|
1,068,375 |
|
|
|
|
|
5.00%, 8/1/24(9) |
|
|
|
|
|
|
1,745 |
|
|
|
1,823,525 |
|
|
|
|
|
Moto Finance PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 10/1/22(10) |
|
|
GBP |
|
|
|
250 |
|
|
|
306,465 |
|
|
|
|
|
Park Aerospace Holdings, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 8/15/22(9) |
|
|
|
|
|
|
2,990 |
|
|
|
3,158,636 |
|
|
|
|
|
5.50%, 2/15/24(9) |
|
|
|
|
|
|
1,333 |
|
|
|
1,441,840 |
|
|
|
|
|
XPO Logistics, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 6/15/22(9) |
|
|
|
|
|
|
2,276 |
|
|
|
2,321,520 |
|
|
|
|
|
6.125%,
9/1/23(9) |
|
|
|
|
|
|
2,221 |
|
|
|
2,298,735 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,937,169 |
|
|
Technology — 0.3% |
|
|
|
|
|
Dell International, LLC/EMC Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 6/15/21(9) |
|
|
|
|
|
|
100 |
|
|
$ |
101,725 |
|
|
|
|
|
7.125%, 6/15/24(9) |
|
|
|
|
|
|
2,440 |
|
|
|
2,578,470 |
|
|
|
|
|
6.02%, 6/15/26(9) |
|
|
|
|
|
|
1,945 |
|
|
|
2,195,013 |
|
|
|
|
|
Western Union Co. (The) |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.20%, 11/17/36 |
|
|
|
|
|
|
637 |
|
|
|
724,364 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,599,572 |
|
|
Telecommunications — 4.0% |
|
|
|
|
|
Altice Financing S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.625%, 2/15/23(9) |
|
|
|
|
|
|
865 |
|
|
$ |
889,869 |
|
|
|
|
|
Altice Finco S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.125%, 1/15/24(9) |
|
|
|
|
|
|
727 |
|
|
|
754,263 |
|
|
|
|
|
4.75%, 1/15/28(10) |
|
|
EUR |
|
|
|
400 |
|
|
|
423,330 |
|
|
|
|
|
Altice Luxembourg S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.25%, 5/15/22(10) |
|
|
EUR |
|
|
|
44 |
|
|
|
48,699 |
|
|
|
|
|
7.75%, 5/15/22(9) |
|
|
|
|
|
|
1,083 |
|
|
|
1,108,721 |
|
|
|
|
|
7.625%, 2/15/25(9) |
|
|
|
|
|
|
1,628 |
|
|
|
1,703,295 |
|
|
|
|
|
8.00%, 5/15/27(10) |
|
|
EUR |
|
|
|
140 |
|
|
|
167,983 |
|
|
|
|
|
10.50%, 5/15/27(9) |
|
|
|
|
|
|
2,666 |
|
|
|
3,011,247 |
|
|
|
|
|
AT&T, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.80%, 2/15/27 |
|
|
|
|
|
|
500 |
|
|
|
530,639 |
|
|
|
|
|
4.75%, 5/15/46 |
|
|
|
|
|
|
1,347 |
|
|
|
1,497,148 |
|
|
|
|
|
Cellnex Telecom SA |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.375%, 1/16/24(10) |
|
|
EUR |
|
|
|
200 |
|
|
|
233,853 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Telecommunications (continued) |
|
|
|
|
|
CenturyLink, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
7.50%, 4/1/24 |
|
|
|
|
47 |
|
|
$
|
52,680 |
|
|
|
|
|
CommScope Technologies, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 6/15/25(9) |
|
|
|
|
2,546 |
|
|
|
2,310,495 |
|
|
|
|
|
5.00%, 3/15/27(9) |
|
|
|
|
4,689 |
|
|
|
3,891,870 |
|
|
|
|
|
Connect Finco S.a.r.l./Connect US Finco, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 10/1/26(9)(15) |
|
|
|
|
1,977 |
|
|
|
2,016,540 |
|
|
|
|
|
Digicel, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
6.00%, 4/15/21(9) |
|
|
|
|
2,305 |
|
|
|
1,636,573 |
|
|
|
|
|
eircom Finance DAC |
|
|
|
|
|
|
|
|
|
|
|
|
3.50%, 5/15/26(10) |
|
EUR |
|
|
490 |
|
|
|
571,036 |
|
|
|
|
|
Equinix, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 1/15/26 |
|
|
|
|
2,725 |
|
|
|
2,905,967 |
|
|
|
|
|
2.875%, 2/1/26 |
|
EUR |
|
|
440 |
|
|
|
500,446 |
|
|
|
|
|
5.375%, 5/15/27 |
|
|
|
|
1,010 |
|
|
|
1,091,431 |
|
|
|
|
|
Hughes Satellite Systems Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
5.25%, 8/1/26 |
|
|
|
|
1,245 |
|
|
|
1,336,819 |
|
|
|
|
|
6.625%, 8/1/26 |
|
|
|
|
770 |
|
|
|
837,729 |
|
|
|
|
|
Intelsat Jackson Holdings S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 8/1/23 |
|
|
|
|
995 |
|
|
|
933,211 |
|
|
|
|
|
8.00%, 2/15/24(9) |
|
|
|
|
490 |
|
|
|
510,213 |
|
|
|
|
|
8.50%, 10/15/24(9) |
|
|
|
|
1,236 |
|
|
|
1,247,977 |
|
|
|
|
|
Level 3 Financing, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
5.375%, 1/15/24 |
|
|
|
|
2,190 |
|
|
|
2,238,946 |
|
|
|
|
|
Level 3 Parent, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 12/1/22 |
|
|
|
|
330 |
|
|
|
332,145 |
|
|
|
|
|
Matterhorn Telecom S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
3.125%, 9/15/26(10) |
|
EUR |
|
|
277 |
|
|
|
308,709 |
|
|
|
|
|
Qualitytech, L.P./QTS Finance Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 11/15/25(9) |
|
|
|
|
795 |
|
|
|
822,825 |
|
|
|
|
|
Sable International Finance, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 9/7/27(9) |
|
|
|
|
818 |
|
|
|
846,385 |
|
|
|
|
|
SBA Communications Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
4.00%, 10/1/22 |
|
|
|
|
1,020 |
|
|
|
1,045,500 |
|
|
|
|
|
4.875%, 9/1/24 |
|
|
|
|
460 |
|
|
|
477,825 |
|
|
|
|
|
Sprint Capital Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
6.875%, 11/15/28 |
|
|
|
|
840 |
|
|
|
917,868 |
|
|
|
|
|
Sprint Communications, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
7.00%, 8/15/20 |
|
|
|
|
1,055 |
|
|
|
1,091,619 |
|
|
|
|
|
6.00%, 11/15/22 |
|
|
|
|
365 |
|
|
|
388,725 |
|
|
|
|
|
Sprint Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
7.25%, 9/15/21 |
|
|
|
|
3,265 |
|
|
|
3,492,244 |
|
|
|
|
|
7.875%, 9/15/23 |
|
|
|
|
9,822 |
|
|
|
10,813,629 |
|
|
|
|
|
7.625%, 2/15/25 |
|
|
|
|
1,785 |
|
|
|
1,967,962 |
|
|
|
|
|
7.625%, 3/1/26 |
|
|
|
|
993 |
|
|
|
1,098,506 |
|
|
|
|
|
|
|
|
38 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Telecommunications (continued) |
|
|
|
|
|
T-Mobile USA, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.375%, 3/1/25 |
|
|
|
|
|
|
1,395 |
|
|
$
|
1,448,652 |
|
|
|
|
|
6.50%, 1/15/26 |
|
|
|
|
|
|
595 |
|
|
|
641,226 |
|
|
|
|
|
4.50%, 2/1/26 |
|
|
|
|
|
|
980 |
|
|
|
1,012,389 |
|
|
|
|
|
4.75%, 2/1/28 |
|
|
|
|
|
|
1,045 |
|
|
|
1,097,511 |
|
|
|
|
|
TalkTalk Telecom Group PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.375%, 1/15/22(10) |
|
|
GBP |
|
|
|
250 |
|
|
|
315,312 |
|
|
|
|
|
Telecom Italia SpA |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.50%, 7/19/23(10) |
|
|
EUR |
|
|
|
400 |
|
|
|
459,292 |
|
|
|
|
|
5.303%, 5/30/24(9) |
|
|
|
|
|
|
1,593 |
|
|
|
1,723,945 |
|
|
|
|
|
2.75%, 4/15/25(10) |
|
|
EUR |
|
|
|
500 |
|
|
|
570,523 |
|
|
|
|
|
3.00%, 9/30/25(10) |
|
|
EUR |
|
|
|
140 |
|
|
|
163,294 |
|
|
|
|
|
Telesat Canada/Telesat, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.50%, 10/15/27(9)(15) |
|
|
|
|
|
|
526 |
|
|
|
536,520 |
|
|
|
|
|
Verizon Communications, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.522%, 9/15/48 |
|
|
|
|
|
|
790 |
|
|
|
934,344 |
|
|
|
|
|
ViaSat, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.625%, 4/15/27(9) |
|
|
|
|
|
|
796 |
|
|
|
837,790 |
|
|
|
|
|
Zayo Group, LLC/Zayo Capital, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.375%, 5/15/25 |
|
|
|
|
|
|
1,349 |
|
|
|
1,394,259 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
67,189,979 |
|
|
Transportation — 0.2% |
|
|
|
|
|
A.P. Moller - Maersk A/S |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 6/20/29(9) |
|
|
|
|
|
|
1,000 |
|
|
$ |
1,058,178 |
|
|
|
|
|
FedEx Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.10%, 2/1/45 |
|
|
|
|
|
|
500 |
|
|
|
494,769 |
|
|
|
|
|
JSL Europe S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.75%, 7/26/24(9) |
|
|
|
|
|
|
1,000 |
|
|
|
1,077,530 |
|
|
|
|
|
XPO CNW, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.70%, 5/1/34 |
|
|
|
|
|
|
1,000 |
|
|
|
985,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,615,477 |
|
|
Utilities — 1.3% |
|
|
|
|
|
AES Corp. (The) |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.00%, 3/15/21 |
|
|
|
|
|
|
1,060 |
|
|
$ |
1,082,525 |
|
|
|
|
|
5.50%, 4/15/25 |
|
|
|
|
|
|
309 |
|
|
|
321,746 |
|
|
|
|
|
6.00%, 5/15/26 |
|
|
|
|
|
|
1,655 |
|
|
|
1,762,575 |
|
|
|
|
|
Calpine Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%, 2/1/24 |
|
|
|
|
|
|
285 |
|
|
|
288,919 |
|
|
|
|
|
5.75%, 1/15/25 |
|
|
|
|
|
|
310 |
|
|
|
318,913 |
|
|
|
|
|
5.25%, 6/1/26(9) |
|
|
|
|
|
|
1,040 |
|
|
|
1,080,300 |
|
|
|
|
|
ENERGO-PRO AS |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, 5/4/24(10) |
|
|
EUR |
|
|
|
450 |
|
|
|
493,911 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Utilities (continued) |
|
|
|
|
|
NextEra Energy Operating Partners, L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 9/15/24(9) |
|
|
|
|
|
|
660 |
|
|
$
|
683,100 |
|
|
|
|
|
4.50%, 9/15/27(9) |
|
|
|
|
|
|
851 |
|
|
|
873,339 |
|
|
|
|
|
NRG Energy, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.25%, 5/15/26 |
|
|
|
|
|
|
3,000 |
|
|
|
3,297,000 |
|
|
|
|
|
5.75%, 1/15/28 |
|
|
|
|
|
|
1,455 |
|
|
|
1,569,581 |
|
|
|
|
|
5.25%, 6/15/29(9) |
|
|
|
|
|
|
673 |
|
|
|
726,201 |
|
|
|
|
|
Pattern Energy Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 2/1/24(9) |
|
|
|
|
|
|
970 |
|
|
|
997,887 |
|
|
|
|
|
Southern Co. (The) |
|
|
|
|
|
|
|
|
|
|
|
|
|
3.25%, 7/1/26 |
|
|
|
|
|
|
1,000 |
|
|
|
1,033,977 |
|
|
|
|
|
TerraForm Power Operating, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.25%, 1/31/23(9) |
|
|
|
|
|
|
655 |
|
|
|
671,375 |
|
|
|
|
|
6.625%, 6/15/25(9) |
|
|
|
|
|
|
580 |
|
|
|
614,226 |
|
|
|
|
|
5.00%, 1/31/28(9) |
|
|
|
|
|
|
985 |
|
|
|
1,029,325 |
|
|
|
|
|
Thames Water Kemble Finance PLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.875%, 7/15/22(10) |
|
|
GBP |
|
|
|
200 |
|
|
|
252,709 |
|
|
|
|
|
Vistra Energy Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.125%, 1/30/26(9) |
|
|
|
|
|
|
2,315 |
|
|
|
2,488,625 |
|
|
|
|
|
Vistra Operations Co., LLC |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%,
7/31/27(9) |
|
|
|
|
|
|
2,239 |
|
|
|
2,311,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
21,897,285 |
|
|
|
Total Corporate Bonds & Notes (identified cost
$790,250,774) |
|
|
$ |
811,373,546 |
|
|
Foreign Government Securities — 4.6% |
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Bahrain — 0.2% |
|
|
|
|
|
Kingdom of Bahrain |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 9/20/29(10) |
|
|
|
|
|
|
1,696 |
|
|
$ |
1,884,290 |
|
|
|
|
|
7.00%,
10/12/28(10) |
|
|
|
|
|
|
1,839 |
|
|
|
2,067,108 |
|
|
|
|
|
Total Bahrain |
|
|
|
|
|
|
|
|
|
$ |
3,951,398 |
|
|
Barbados — 0.1% |
|
|
|
|
|
Government of Barbados |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.625%, 12/5/35(7)(10) |
|
|
|
|
|
|
2,300 |
|
|
$ |
1,442,560 |
|
|
|
|
|
7.00%, 8/4/22(7)(10) |
|
|
|
|
|
|
712 |
|
|
|
431,970 |
|
|
|
|
|
7.25%,
12/15/21(7)(10) |
|
|
|
|
|
|
892 |
|
|
|
540,731 |
|
|
|
|
|
Total Barbados |
|
|
|
|
|
|
|
|
|
$ |
2,415,261 |
|
|
|
|
|
|
|
|
39 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Benin — 0.3% |
|
|
|
|
|
Benin Government International Bond |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%,
3/26/26(10) |
|
|
EUR |
|
|
|
3,820 |
|
|
$ |
4,280,295 |
|
|
|
|
|
Total Benin |
|
|
|
|
|
|
|
|
|
$ |
4,280,295 |
|
|
Brazil — 0.0%(5) |
|
|
|
|
|
Federative Republic of Brazil |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 1/27/45 |
|
|
|
|
|
|
200 |
|
|
$ |
207,953 |
|
|
|
|
|
Total Brazil |
|
|
|
|
|
|
|
|
|
$ |
207,953 |
|
|
Colombia — 0.2% |
|
|
|
|
|
Republic of Colombia |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%, 6/15/45 |
|
|
|
|
|
|
2,750 |
|
|
$ |
3,231,965 |
|
|
|
|
|
Total Colombia |
|
|
|
|
|
|
|
|
|
$ |
3,231,965 |
|
|
Costa Rica — 0.1% |
|
|
|
|
|
Costa Rica Government International Bond |
|
|
|
|
|
|
|
|
|
|
|
|
|
9.20%,
2/21/24(10) |
|
|
|
|
|
|
1,271 |
|
|
$ |
1,410,810 |
|
|
|
|
|
Total Costa Rica |
|
|
|
|
|
|
|
|
|
$ |
1,410,810 |
|
|
Dominican Republic — 0.2% |
|
|
|
|
|
Dominican Republic |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.625%,
4/20/27(10) |
|
|
|
|
|
|
2,671 |
|
|
$ |
3,205,227 |
|
|
|
|
|
Total Dominican Republic |
|
|
|
|
|
|
|
|
|
$ |
3,205,227 |
|
|
Ecuador — 0.2% |
|
|
|
|
|
Republic of Ecuador |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.875%,
3/27/25(10) |
|
|
|
|
|
|
2,800 |
|
|
$ |
2,750,748 |
|
|
|
|
|
Total Ecuador |
|
|
|
|
|
|
|
|
|
$ |
2,750,748 |
|
|
Egypt — 0.6% |
|
|
|
|
|
Arab Republic of Egypt |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.75%, 4/11/25(10) |
|
|
EUR |
|
|
|
517 |
|
|
$ |
585,926 |
|
|
|
|
|
4.75%, 4/16/26(10) |
|
|
EUR |
|
|
|
1,388 |
|
|
|
1,555,350 |
|
|
|
|
|
5.625%, 4/16/30(10) |
|
|
EUR |
|
|
|
112 |
|
|
|
122,522 |
|
|
|
|
|
6.375%, 4/11/31(10) |
|
|
EUR |
|
|
|
1,538 |
|
|
|
1,748,296 |
|
|
|
|
|
8.50%, 1/31/47(10) |
|
|
|
|
|
|
3,343 |
|
|
|
3,550,223 |
|
|
|
|
|
8.70%,
3/1/49(10) |
|
|
|
|
|
|
1,925 |
|
|
|
2,075,602 |
|
|
|
|
|
Total Egypt |
|
|
|
|
|
|
|
|
|
$ |
9,637,919 |
|
|
El Salvador — 0.3% |
|
|
|
|
|
Republic of El Salvador |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.125%, 1/20/50(10) |
|
|
|
|
|
|
1,629 |
|
|
$ |
1,663,616 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
El Salvador (continued) |
|
|
|
|
|
Republic of El Salvador (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.65%, 6/15/35(10) |
|
|
|
|
|
|
1,254 |
|
|
$
|
1,351,198 |
|
|
|
|
|
8.25%, 4/10/32(10) |
|
|
|
|
|
|
647 |
|
|
|
740,013 |
|
|
|
|
|
8.625%,
2/28/29(10) |
|
|
|
|
|
|
769 |
|
|
|
897,815 |
|
|
|
|
|
Total El Salvador |
|
|
|
|
|
|
|
|
|
$ |
4,652,642 |
|
|
Ethiopia — 0.2% |
|
|
|
|
|
Ethiopia International Bond |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.625%,
12/11/24(10) |
|
|
|
|
|
|
2,673 |
|
|
$ |
2,789,479 |
|
|
|
|
|
Total Ethiopia |
|
|
|
|
|
|
|
|
|
$ |
2,789,479 |
|
|
Fiji — 0.1% |
|
|
|
|
|
Republic of Fiji |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.625%,
10/2/20(10) |
|
|
|
|
|
|
2,443 |
|
|
$ |
2,442,999 |
|
|
|
|
|
Total Fiji |
|
|
|
|
|
|
|
|
|
$ |
2,442,999 |
|
|
Honduras — 0.2% |
|
|
|
|
|
Republic of Honduras |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.25%,
1/19/27(10) |
|
|
|
|
|
|
3,020 |
|
|
$ |
3,280,505 |
|
|
|
|
|
Total Honduras |
|
|
|
|
|
|
|
|
|
$ |
3,280,505 |
|
|
Hungary — 0.1% |
|
|
|
|
|
Hungary Government Bond |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%, 11/22/23 |
|
|
|
|
|
|
820 |
|
|
$ |
930,910 |
|
|
|
|
|
Total Hungary |
|
|
|
|
|
|
|
|
|
$ |
930,910 |
|
|
Kenya — 0.2% |
|
|
|
|
|
Republic of Kenya |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.25%,
2/28/28(10) |
|
|
|
|
|
|
2,900 |
|
|
$ |
3,014,767 |
|
|
|
|
|
Total Kenya |
|
|
|
|
|
|
|
|
|
$ |
3,014,767 |
|
|
Nigeria — 0.3% |
|
|
|
|
|
Republic of Nigeria |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.75%, 1/28/21(10) |
|
|
|
|
|
|
550 |
|
|
$ |
570,630 |
|
|
|
|
|
7.875%, 2/16/32(10) |
|
|
|
|
|
|
1,973 |
|
|
|
2,082,440 |
|
|
|
|
|
8.747%,
1/21/31(10) |
|
|
|
|
|
|
2,590 |
|
|
|
2,912,520 |
|
|
|
|
|
Total Nigeria |
|
|
|
|
|
|
|
|
|
$ |
5,565,590 |
|
|
Rwanda — 0.2% |
|
|
|
|
|
Republic of Rwanda |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.625%,
5/2/23(10) |
|
|
|
|
|
|
3,896 |
|
|
$ |
4,218,932 |
|
|
|
|
|
Total Rwanda |
|
|
|
|
|
|
|
|
|
$ |
4,218,932 |
|
|
|
|
|
|
|
|
40 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000’s omitted) |
|
|
Value |
|
|
Seychelles — 0.1% |
|
|
|
|
|
Republic of Seychelles |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.00%,
1/1/26(10) |
|
|
|
|
|
|
1,456 |
|
|
$ |
1,511,004 |
|
|
|
|
|
Total Seychelles |
|
|
|
|
|
|
|
|
|
$ |
1,511,004 |
|
|
Sri Lanka — 0.3% |
|
|
|
|
|
Republic of Sri Lanka |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.125%, 6/3/25(10) |
|
|
|
|
|
|
4,230 |
|
|
$ |
4,111,521 |
|
|
|
|
|
6.85%,
11/3/25(10) |
|
|
|
|
|
|
1,000 |
|
|
|
1,004,180 |
|
|
|
|
|
Total Sri Lanka |
|
|
|
|
|
|
|
|
|
$ |
5,115,701 |
|
|
Ukraine — 0.7% |
|
|
|
|
|
Ukraine Government International Bond |
|
|
|
|
|
|
|
|
|
|
|
|
|
0.00%, 5/31/40(10) |
|
|
|
|
|
|
3,276 |
|
|
$ |
3,071,656 |
|
|
|
|
|
7.75%, 9/1/20(10) |
|
|
|
|
|
|
700 |
|
|
|
715,750 |
|
|
|
|
|
9.75%,
11/1/28(10) |
|
|
|
|
|
|
7,115 |
|
|
|
8,169,052 |
|
|
|
|
|
Total Ukraine |
|
|
|
|
|
|
|
|
|
$ |
11,956,458 |
|
|
|
Total Foreign Government Securities (identified cost
$73,937,160) |
|
|
$ |
76,570,563 |
|
|
Sovereign Loans — 0.7% |
|
Borrower |
|
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
Barbados — 0.0%(5) |
|
|
|
|
|
Government of Barbados |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 0.00%, Maturing December 20, 2019(7)(16) |
|
|
|
|
|
$ |
1,200 |
|
|
$ |
702,360 |
|
|
|
|
|
Total Barbados |
|
|
|
|
|
|
|
|
|
$ |
702,360 |
|
|
Kenya — 0.3% |
|
|
|
|
|
Government of Kenya |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 8.65%, (6 mo. USD LIBOR + 6.45%), Maturing June 29, 2025(14) |
|
|
|
|
|
$ |
4,500 |
|
|
$ |
4,513,320 |
|
|
|
|
|
Total Kenya |
|
|
|
|
|
|
|
|
|
$ |
4,513,320 |
|
|
Nigeria — 0.1% |
|
|
|
|
|
Bank of Industry Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 8.34%, (3 mo. USD LIBOR + 6.00%), Maturing May 21, 2021(14)(16) |
|
|
|
|
|
$ |
1,663 |
|
|
$ |
1,680,728 |
|
|
|
|
|
Total Nigeria |
|
|
|
|
|
|
|
|
|
$ |
1,680,728 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower |
|
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
Tanzania — 0.3% |
|
|
|
|
|
Government of the United Republic of Tanzania |
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.42%, (6 mo. USD LIBOR + 5.20%), Maturing June 23, 2022(14) |
|
|
|
|
|
$ |
3,064 |
|
|
$ |
3,115,104 |
|
|
|
|
|
Term Loan, 7.76%, (6 mo. USD LIBOR + 5.20%), Maturing June 23, 2022(14) |
|
|
|
|
|
|
1,700 |
|
|
|
1,717,108 |
|
|
|
|
|
Total Tanzania |
|
|
|
|
|
|
|
|
|
$ |
4,832,212 |
|
|
|
Total Sovereign Loans (identified cost
$12,089,920) |
|
|
$ |
11,728,620 |
|
|
Mortgage Pass-Throughs — 10.9% |
|
Security |
|
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
|
|
Federal Home Loan Mortgage Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.50%, with various maturities to 2048 |
|
|
|
|
|
$ |
1,543 |
|
|
$ |
1,599,752 |
|
|
|
|
|
5.50%, with maturity at 2032 |
|
|
|
|
|
|
482 |
|
|
|
531,545 |
|
|
|
|
|
6.00%, with maturity at 2021 |
|
|
|
|
|
|
2 |
|
|
|
2,483 |
|
|
|
|
|
6.50%, with various maturities to 2036 |
|
|
|
|
|
|
4,259 |
|
|
|
4,772,940 |
|
|
|
|
|
7.00%, with various maturities to 2036 |
|
|
|
|
|
|
3,981 |
|
|
|
4,483,739 |
|
|
|
|
|
7.13%, with maturity at 2023 |
|
|
|
|
|
|
43 |
|
|
|
44,261 |
|
|
|
|
|
7.50%, with various maturities to 2035 |
|
|
|
|
|
|
2,734 |
|
|
|
3,021,514 |
|
|
|
|
|
7.65%, with maturity at 2022 |
|
|
|
|
|
|
25 |
|
|
|
25,644 |
|
|
|
|
|
8.00%, with various maturities to 2030 |
|
|
|
|
|
|
832 |
|
|
|
870,720 |
|
|
|
|
|
8.30%, with maturity at 2020 |
|
|
|
|
|
|
4 |
|
|
|
3,739 |
|
|
|
|
|
8.50%, with various maturities to 2031 |
|
|
|
|
|
|
774 |
|
|
|
863,001 |
|
|
|
|
|
9.00%, with various maturities to 2031 |
|
|
|
|
|
|
93 |
|
|
|
98,751 |
|
|
|
|
|
9.50%, with various maturities to 2025 |
|
|
|
|
|
|
16 |
|
|
|
16,235 |
|
|
|
|
|
10.00%, with maturity at 2020 |
|
|
|
|
|
|
1 |
|
|
|
1,230 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
16,335,554 |
|
|
|
|
|
Federal National Mortgage Association: |
|
|
|
|
|
|
|
|
|
|
|
|
|
2.967%, (COF + 1.25%), with maturity at
2036(17) |
|
|
|
|
|
$ |
814 |
|
|
$ |
813,832 |
|
|
|
|
|
4.143%, (6 mo. USD LIBOR + 1.54%), with maturity at
2037(17) |
|
|
|
|
|
|
1,155 |
|
|
|
1,197,502 |
|
|
|
|
|
4.50%, with various maturities to 2049(18) |
|
|
|
|
|
|
65,482 |
|
|
|
69,369,069 |
|
|
|
|
|
4.692%, (1 yr. CMT + 2.259%), with maturity at
2036(17) |
|
|
|
|
|
|
6,819 |
|
|
|
7,168,025 |
|
|
|
|
|
5.00%, with various maturities to 2040(18) |
|
|
|
|
|
|
7,605 |
|
|
|
8,345,425 |
|
|
|
|
|
5.50%, with various maturities to 2033 |
|
|
|
|
|
|
779 |
|
|
|
864,611 |
|
|
|
|
|
6.00%, with various maturities to 2029 |
|
|
|
|
|
|
1,347 |
|
|
|
1,430,583 |
|
|
|
|
|
6.328%, (COF + 2.00%), with maturity at
2032(17) |
|
|
|
|
|
|
2,014 |
|
|
|
2,192,017 |
|
|
|
|
|
6.50%, with various maturities to 2036(18) |
|
|
|
|
|
|
17,021 |
|
|
|
19,102,583 |
|
|
|
|
|
6.75%, with maturity at 2023 |
|
|
|
|
|
|
34 |
|
|
|
35,517 |
|
|
|
|
|
|
|
|
41 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
Federal National Mortgage Association: (continued) |
|
|
|
|
|
|
|
|
7.00%, with various maturities to 2037 |
|
|
|
|
|
$
|
4,422 |
|
|
$
|
4,960,645 |
|
|
|
|
|
7.50%, with various maturities to 2035 |
|
|
|
|
|
|
2,156 |
|
|
|
2,483,961 |
|
|
|
|
|
7.887%, with maturity at 2027(19) |
|
|
|
|
|
|
196 |
|
|
|
214,387 |
|
|
|
|
|
8.00%, with various maturities to 2027 |
|
|
|
|
|
|
297 |
|
|
|
322,052 |
|
|
|
|
|
8.236%, with maturity at 2028(19) |
|
|
|
|
|
|
54 |
|
|
|
59,113 |
|
|
|
|
|
8.241%, with maturity at 2024(19) |
|
|
|
|
|
|
11 |
|
|
|
11,339 |
|
|
|
|
|
8.293%, with maturity at 2029(19) |
|
|
|
|
|
|
48 |
|
|
|
52,106 |
|
|
|
|
|
8.315%, with maturity at 2027(19) |
|
|
|
|
|
|
62 |
|
|
|
68,784 |
|
|
|
|
|
8.50%, with various maturities to 2037 |
|
|
|
|
|
|
765 |
|
|
|
851,544 |
|
|
|
|
|
9.00%, with various maturities to 2032 |
|
|
|
|
|
|
852 |
|
|
|
933,834 |
|
|
|
|
|
9.168%, with maturity at 2025(19) |
|
|
|
|
|
|
5 |
|
|
|
5,252 |
|
|
|
|
|
9.50%, with various maturities to 2030 |
|
|
|
|
|
|
230 |
|
|
|
251,518 |
|
|
|
|
|
10.50%, with maturity at 2021 |
|
|
|
|
|
|
20 |
|
|
|
20,407 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
120,754,106 |
|
|
|
|
|
Government National Mortgage Association: |
|
|
|
|
|
|
|
|
|
|
|
|
|
4.00%, with maturity at 2049 |
|
|
|
|
|
$ |
1,791 |
|
|
$ |
1,873,670 |
|
|
|
|
|
4.50%, with maturity at 2047(18) |
|
|
|
|
|
|
7,117 |
|
|
|
7,676,453 |
|
|
|
|
|
5.00%, with various maturities to 2048(18) |
|
|
|
|
|
|
24,619 |
|
|
|
26,072,445 |
|
|
|
|
|
6.00%, with maturity at 2024 |
|
|
|
|
|
|
298 |
|
|
|
313,840 |
|
|
|
|
|
6.50%, with maturity at 2024(18) |
|
|
|
|
|
|
1,872 |
|
|
|
1,983,554 |
|
|
|
|
|
7.00%, with maturity at 2026 |
|
|
|
|
|
|
173 |
|
|
|
189,870 |
|
|
|
|
|
7.50%, with various maturities to 2032(18) |
|
|
|
|
|
|
3,631 |
|
|
|
3,974,942 |
|
|
|
|
|
8.00%, with various maturities to 2034(18) |
|
|
|
|
|
|
2,609 |
|
|
|
2,925,363 |
|
|
|
|
|
8.50%, with maturity at 2022 |
|
|
|
|
|
|
59 |
|
|
|
61,666 |
|
|
|
|
|
9.00%, with various maturities to 2025 |
|
|
|
|
|
|
406 |
|
|
|
440,363 |
|
|
|
|
|
9.50%, with various maturities to 2021 |
|
|
|
|
|
|
56 |
|
|
|
57,233 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
45,569,399 |
|
|
|
Total Mortgage Pass-Throughs (identified cost
$178,499,867) |
|
|
$ |
182,659,059 |
|
|
Collateralized Mortgage Obligations — 27.3% |
|
Security |
|
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
|
|
Federal Home Loan Mortgage Corp.: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 24, Class J, 6.25%, 11/25/23 |
|
|
|
|
|
$ |
183 |
|
|
$ |
192,494 |
|
|
|
|
|
Series 1497, Class K, 7.00%, 4/15/23 |
|
|
|
|
|
|
145 |
|
|
|
154,824 |
|
|
|
|
|
Series 1529, Class Z, 7.00%, 6/15/23 |
|
|
|
|
|
|
250 |
|
|
|
267,930 |
|
|
|
|
|
Series 1620, Class Z, 6.00%, 11/15/23 |
|
|
|
|
|
|
164 |
|
|
|
173,735 |
|
|
|
|
|
Series 1677, Class Z, 7.50%, 7/15/23 |
|
|
|
|
|
|
138 |
|
|
|
148,382 |
|
|
|
|
|
Series 1702, Class PZ, 6.50%, 3/15/24 |
|
|
|
|
|
|
1,718 |
|
|
|
1,843,065 |
|
|
|
|
|
Series 2113, Class QG, 6.00%, 1/15/29 |
|
|
|
|
|
|
419 |
|
|
|
465,309 |
|
|
|
|
|
Series 2122, Class K, 6.00%, 2/15/29 |
|
|
|
|
|
|
83 |
|
|
|
92,340 |
|
|
|
|
|
Series 2130, Class K, 6.00%, 3/15/29 |
|
|
|
|
|
|
56 |
|
|
|
62,562 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
Federal Home Loan Mortgage Corp.: (continued) |
|
|
|
|
|
|
|
|
Series 2167, Class BZ, 7.00%, 6/15/29 |
|
|
|
$
|
66 |
|
|
$
|
74,081 |
|
|
|
|
|
Series 2182, Class ZB, 8.00%, 9/15/29 |
|
|
|
|
653 |
|
|
|
750,274 |
|
|
|
|
|
Series 2198, Class ZA, 8.50%, 11/15/29 |
|
|
|
|
728 |
|
|
|
830,943 |
|
|
|
|
|
Series 2458, Class ZB, 7.00%, 6/15/32 |
|
|
|
|
737 |
|
|
|
862,664 |
|
|
|
|
|
Series 3762, Class SH, 5.80%, (10.00% - 1 mo. USD LIBOR x 2.00), 11/15/40(20) |
|
|
|
|
733 |
|
|
|
892,847 |
|
|
|
|
|
Series 4097, Class PE, 3.00%, 11/15/40 |
|
|
|
|
1,423 |
|
|
|
1,450,737 |
|
|
|
|
|
Series 4273, Class PU, 4.00%, 11/15/43 |
|
|
|
|
2,263 |
|
|
|
2,554,538 |
|
|
|
|
|
Series 4273, Class SP, 6.399%, (12.00% - 1 mo. USD LIBOR x 2.67), 11/15/43(20) |
|
|
|
|
503 |
|
|
|
748,066 |
|
|
|
|
|
Series 4337, Class YT, 3.50%, 4/15/49 |
|
|
|
|
5,042 |
|
|
|
5,120,024 |
|
|
|
|
|
Series 4407, Class LN, 4.426%, (9.32% - 1 mo. USD LIBOR x 2.33), 12/15/43(20) |
|
|
|
|
108 |
|
|
|
110,134 |
|
|
|
|
|
Series 4416, Class SU, 4.40%, (8.60% - 1 mo. USD LIBOR x 2.00), 12/15/44(20) |
|
|
|
|
1,728 |
|
|
|
1,734,033 |
|
|
|
|
|
Series 4452, Class ZJ, 3.00%, 11/15/44 |
|
|
|
|
3,090 |
|
|
|
3,059,994 |
|
|
|
|
|
Series 4584, Class PM, 3.00%, 5/15/46 |
|
|
|
|
3,709 |
|
|
|
3,768,667 |
|
|
|
|
|
Series 4594, Class FM, 3.10%, (1 mo. USD LIBOR + 1.00%),
6/15/46(14) |
|
|
|
|
543 |
|
|
|
547,176 |
|
|
|
|
|
Series 4608, Class TV, 3.50%, 1/15/55 |
|
|
|
|
6,855 |
|
|
|
6,939,920 |
|
|
|
|
|
Series 4617, Class CZ, 3.50%, 5/15/46 |
|
|
|
|
847 |
|
|
|
845,618 |
|
|
|
|
|
Series 4630, Class CZ, 3.00%, 12/15/43 |
|
|
|
|
9,343 |
|
|
|
9,433,095 |
|
|
|
|
|
Series 4637, Class CU, 3.00%, 8/15/44 |
|
|
|
|
6,466 |
|
|
|
6,618,383 |
|
|
|
|
|
Series 4637, Class QF, 3.10%, (1 mo. USD LIBOR + 1.00%), 4/15/44(14) |
|
|
|
|
11,910 |
|
|
|
11,931,496 |
|
|
|
|
|
Series 4639, Class KF, 3.40%, (1 mo. USD LIBOR + 1.30%), 12/15/44(14) |
|
|
|
|
3,653 |
|
|
|
3,722,828 |
|
|
|
|
|
Series 4677, Class SB, 7.599%, (16.00% - 1 mo. USD LIBOR x 4.00), 4/15/47(20) |
|
|
|
|
2,685 |
|
|
|
2,937,139 |
|
|
|
|
|
Series 4678, Class PC, 3.00%, 1/15/46 |
|
|
|
|
11,264 |
|
|
|
11,319,970 |
|
|
|
|
|
Series 4746, Class CZ, 4.00%, 11/15/47 |
|
|
|
|
833 |
|
|
|
835,591 |
|
|
|
|
|
Series 4751, Class ZC, 4.00%, 11/15/47 |
|
|
|
|
4,796 |
|
|
|
4,819,664 |
|
|
|
|
|
Series 4774, Class MH, 4.50%, 12/15/42 |
|
|
|
|
6,994 |
|
|
|
7,318,046 |
|
|
|
|
|
Series 4774, Class QD, 4.50%, 1/15/43 |
|
|
|
|
16,732 |
|
|
|
17,488,690 |
|
|
|
|
|
Series 4776, Class C, 4.50%, 3/15/43 |
|
|
|
|
6,357 |
|
|
|
6,641,585 |
|
|
|
|
|
Series 4858, Class LA, 4.50%, 8/15/43 |
|
|
|
|
8,733 |
|
|
|
9,197,342 |
|
|
|
|
|
Series 4859, Class GA, 4.50%, 10/15/43 |
|
|
|
|
13,718 |
|
|
|
14,016,490 |
|
|
|
|
|
Series 4911, Class JZ, 3.50%, 9/25/49 |
|
|
|
|
5,015 |
|
|
|
5,009,283 |
|
|
|
|
|
Series 4914, Class DZ, 4.00%, 9/25/49 |
|
|
|
|
4,726 |
|
|
|
4,724,470 |
|
|
|
|
|
Interest Only:(21) |
|
|
|
|
|
|
|
|
|
|
|
|
Series 267, Class S5, 3.973%, (6.00% - 1 mo. USD LIBOR), 8/15/42(20) |
|
|
|
|
6,429 |
|
|
|
1,017,683 |
|
|
|
|
|
Series 284, Class S6, 4.073%, (6.10% - 1 mo. USD LIBOR), 10/15/42(20) |
|
|
|
|
3,633 |
|
|
|
626,859 |
|
|
|
|
|
Series 362, Class C7, 3.50%, 9/15/47 |
|
|
|
|
22,254 |
|
|
|
2,680,419 |
|
|
|
|
|
Series 362, Class C11, 4.00%, 12/15/47 |
|
|
|
|
18,492 |
|
|
|
2,602,387 |
|
|
|
|
|
Series 3973, Class SG, 4.623%, (6.65% - 1 mo. USD LIBOR), 4/15/30(20) |
|
|
|
|
1,736 |
|
|
|
77,350 |
|
|
|
|
|
|
|
|
42 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
Federal Home Loan Mortgage Corp.: (continued) |
|
|
|
|
|
|
|
|
Interest Only:(21) (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 4067, Class JI, 3.50%, 6/15/27 |
|
|
|
|
|
$
|
3,156 |
|
|
$
|
278,841 |
|
|
|
|
|
Series 4070, Class S, 4.073%, (6.10% - 1 mo. USD LIBOR), 6/15/32(20) |
|
|
|
|
|
|
7,517 |
|
|
|
1,195,037 |
|
|
|
|
|
Series 4088, Class EI, 3.50%, 9/15/41 |
|
|
|
|
|
|
9,440 |
|
|
|
942,964 |
|
|
|
|
|
Series 4094, Class CS, 3.973%, (6.00% - 1 mo. USD LIBOR), 8/15/42(20) |
|
|
|
|
|
|
3,408 |
|
|
|
632,734 |
|
|
|
|
|
Series 4095, Class HS, 4.073%, (6.10% - 1 mo. USD LIBOR), 7/15/32(20) |
|
|
|
|
|
|
2,298 |
|
|
|
298,549 |
|
|
|
|
|
Series 4109, Class ES, 4.123%, (6.15% - 1 mo. USD LIBOR), 12/15/41(20) |
|
|
|
|
|
|
89 |
|
|
|
19,300 |
|
|
|
|
|
Series 4109, Class KS, 4.073%, (6.10% - 1 mo. USD LIBOR), 5/15/32(20) |
|
|
|
|
|
|
466 |
|
|
|
5,963 |
|
|
|
|
|
Series 4110, Class SA, 3.623%, (5.65% - 1 mo. USD LIBOR), 9/15/42(20) |
|
|
|
|
|
|
4,415 |
|
|
|
773,585 |
|
|
|
|
|
Series 4149, Class S, 4.223%, (6.25% - 1 mo. USD LIBOR), 1/15/33(20) |
|
|
|
|
|
|
3,603 |
|
|
|
593,098 |
|
|
|
|
|
Series 4188, Class AI, 3.50%, 4/15/28 |
|
|
|
|
|
|
2,309 |
|
|
|
178,070 |
|
|
|
|
|
Series 4203, Class QS, 4.223%, (6.25% - 1 mo. USD LIBOR), 5/15/43(20) |
|
|
|
|
|
|
6,659 |
|
|
|
951,005 |
|
|
|
|
|
Series 4408, Class IP, 3.50%, 4/15/44 |
|
|
|
|
|
|
6,256 |
|
|
|
765,297 |
|
|
|
|
|
Series 4435, Class BI, 3.50%, 7/15/44 |
|
|
|
|
|
|
14,214 |
|
|
|
1,816,747 |
|
|
|
|
|
Series 4629, Class QI, 3.50%, 11/15/46 |
|
|
|
|
|
|
7,159 |
|
|
|
980,503 |
|
|
|
|
|
Series 4644, Class TI, 3.50%, 1/15/45 |
|
|
|
|
|
|
7,721 |
|
|
|
817,519 |
|
|
|
|
|
Series 4653, Class PI, 3.50%, 7/15/44 |
|
|
|
|
|
|
3,583 |
|
|
|
227,749 |
|
|
|
|
|
Series 4667, Class PI, 3.50%, 5/15/42 |
|
|
|
|
|
|
9,753 |
|
|
|
733,061 |
|
|
|
|
|
Series 4676, Class DI, 4.00%, 7/15/44 |
|
|
|
|
|
|
16,373 |
|
|
|
1,136,295 |
|
|
|
|
|
Series 4744, Class IO, 4.00%, 11/15/47 |
|
|
|
|
|
|
10,770 |
|
|
|
1,573,026 |
|
|
|
|
|
Series 4749, Class IL, 4.00%, 12/15/47 |
|
|
|
|
|
|
4,859 |
|
|
|
706,502 |
|
|
|
|
|
Series 4767, Class IM, 4.00%, 5/15/45 |
|
|
|
|
|
|
8,168 |
|
|
|
622,549 |
|
|
|
|
|
Series 4793, Class SD, 4.173%, (6.20% - 1 mo. USD LIBOR), 6/15/48(20) |
|
|
|
|
|
|
27,260 |
|
|
|
3,441,238 |
|
|
|
|
|
Principal Only:(22) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 242, Class PO, 0.00%, 11/15/36 |
|
|
|
|
|
|
4,317 |
|
|
|
4,003,358 |
|
|
|
|
|
Series 259, Class PO, 0.00%, 4/15/39 |
|
|
|
|
|
|
2,568 |
|
|
|
2,402,281 |
|
|
|
|
|
Series 3606, Class PO, 0.00%, 12/15/39 |
|
|
|
|
|
|
2,907 |
|
|
|
2,642,451 |
|
|
|
|
|
Series 4417, Class KO, 0.00%, 12/15/43 |
|
|
|
|
|
|
538 |
|
|
|
422,742 |
|
|
|
|
|
Series 4478, Class PO, 0.00%, 5/15/45 |
|
|
|
|
|
|
2,041 |
|
|
|
1,824,350 |
|
|
|
|
|
Series 4754, Class JO, 0.00%, 4/15/44 |
|
|
|
|
|
|
2,231 |
|
|
|
1,922,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
188,616,779 |
|
|
|
|
|
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 2017-DNA2, Class M2, 5.468%, (1 mo. USD LIBOR + 3.45%), 10/25/29(14) |
|
|
|
|
|
$ |
3,000 |
|
|
$ |
3,170,862 |
|
|
|
|
|
Series 2018-DNA1, Class M2, 3.818%, (1 mo. USD LIBOR + 1.80%), 7/25/30(14) |
|
|
|
|
|
|
7,517 |
|
|
|
7,526,049 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
|
|
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes: (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 2018-DNA2, Class M2, 4.168%, (1 mo. USD LIBOR + 2.15%), 12/25/30(9)(14) |
|
|
|
|
|
$
|
7,000 |
|
|
$
|
7,056,844 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
17,753,755 |
|
|
|
Federal National Mortgage Association: |
|
|
|
|
|
|
|
|
Series G92-44, Class Z, 8.00%, 7/25/22 |
|
|
|
|
|
$ |
1 |
|
|
$ |
612 |
|
|
|
|
|
Series G92-44, Class ZQ, 8.00%, 7/25/22 |
|
|
|
|
|
|
1 |
|
|
|
995 |
|
|
|
|
|
Series G92-46, Class Z, 7.00%, 8/25/22 |
|
|
|
|
|
|
61 |
|
|
|
63,390 |
|
|
|
|
|
Series G92-60, Class Z, 7.00%, 10/25/22 |
|
|
|
|
|
|
93 |
|
|
|
97,184 |
|
|
|
|
|
Series G93-35, Class ZQ, 6.50%, 11/25/23 |
|
|
|
|
|
|
2,176 |
|
|
|
2,306,037 |
|
|
|
|
|
Series G93-40, Class H, 6.40%, 12/25/23 |
|
|
|
|
|
|
483 |
|
|
|
512,923 |
|
|
|
|
|
Series 1990-17, Class G, 9.00%, 2/25/20 |
|
|
|
|
|
|
1 |
|
|
|
1,004 |
|
|
|
|
|
Series 1990-27, Class Z, 9.00%, 3/25/20 |
|
|
|
|
|
|
1 |
|
|
|
754 |
|
|
|
|
|
Series 1990-29, Class J, 9.00%, 3/25/20 |
|
|
|
|
|
|
2 |
|
|
|
1,764 |
|
|
|
|
|
Series 1990-43, Class Z, 9.50%, 4/25/20 |
|
|
|
|
|
|
1 |
|
|
|
1,497 |
|
|
|
|
|
Series 1991-98, Class J, 8.00%, 8/25/21 |
|
|
|
|
|
|
21 |
|
|
|
21,642 |
|
|
|
|
|
Series 1992-77, Class ZA, 8.00%, 5/25/22 |
|
|
|
|
|
|
119 |
|
|
|
125,393 |
|
|
|
|
|
Series 1992-103, Class Z, 7.50%, 6/25/22 |
|
|
|
|
|
|
11 |
|
|
|
11,719 |
|
|
|
|
|
Series 1992-113, Class Z, 7.50%, 7/25/22 |
|
|
|
|
|
|
29 |
|
|
|
30,791 |
|
|
|
|
|
Series 1992-185, Class ZB, 7.00%, 10/25/22 |
|
|
|
|
|
|
47 |
|
|
|
49,317 |
|
|
|
|
|
Series 1993-16, Class Z, 7.50%, 2/25/23 |
|
|
|
|
|
|
113 |
|
|
|
120,221 |
|
|
|
|
|
Series 1993-22, Class PM, 7.40%, 2/25/23 |
|
|
|
|
|
|
88 |
|
|
|
94,181 |
|
|
|
|
|
Series 1993-25, Class J, 7.50%, 3/25/23 |
|
|
|
|
|
|
139 |
|
|
|
148,422 |
|
|
|
|
|
Series 1993-30, Class PZ, 7.50%, 3/25/23 |
|
|
|
|
|
|
243 |
|
|
|
259,257 |
|
|
|
|
|
Series 1993-42, Class ZQ, 6.75%, 4/25/23 |
|
|
|
|
|
|
329 |
|
|
|
348,239 |
|
|
|
|
|
Series 1993-56, Class PZ, 7.00%, 5/25/23 |
|
|
|
|
|
|
52 |
|
|
|
55,682 |
|
|
|
|
|
Series 1993-156, Class ZB, 7.00%, 9/25/23 |
|
|
|
|
|
|
66 |
|
|
|
70,935 |
|
|
|
|
|
Series 1994-45, Class Z, 6.50%, 2/25/24 |
|
|
|
|
|
|
448 |
|
|
|
475,922 |
|
|
|
|
|
Series 1994-89, Class ZQ, 8.00%, 7/25/24 |
|
|
|
|
|
|
332 |
|
|
|
365,262 |
|
|
|
|
|
Series 1996-57, Class Z, 7.00%, 12/25/26 |
|
|
|
|
|
|
344 |
|
|
|
380,954 |
|
|
|
|
|
Series 1997-77, Class Z, 7.00%, 11/18/27 |
|
|
|
|
|
|
183 |
|
|
|
206,234 |
|
|
|
|
|
Series 1998-44, Class ZA, 6.50%, 7/20/28 |
|
|
|
|
|
|
195 |
|
|
|
214,596 |
|
|
|
|
|
Series 1999-45, Class ZG, 6.50%, 9/25/29 |
|
|
|
|
|
|
55 |
|
|
|
61,681 |
|
|
|
|
|
Series 2000-22, Class PN, 6.00%, 7/25/30 |
|
|
|
|
|
|
671 |
|
|
|
750,277 |
|
|
|
|
|
Series 2002-1, Class G, 7.00%, 7/25/23 |
|
|
|
|
|
|
73 |
|
|
|
78,112 |
|
|
|
|
|
Series 2002-21, Class PE, 6.50%, 4/25/32 |
|
|
|
|
|
|
461 |
|
|
|
528,401 |
|
|
|
|
|
Series 2005-75, Class CS, 16.127%, (24.20% - 1 mo. USD LIBOR x 4.00), 9/25/35(20) |
|
|
|
|
|
|
948 |
|
|
|
1,735,943 |
|
|
|
|
|
Series 2007-74, Class AC, 5.00%, 8/25/37 |
|
|
|
|
|
|
5,190 |
|
|
|
5,677,994 |
|
|
|
|
|
Series 2011-49, Class NT, 6.00%, (66.00% - 1 mo. USD LIBOR x 10.00, Cap 6.00%),
6/25/41(20) |
|
|
|
|
|
|
543 |
|
|
|
606,494 |
|
|
|
|
|
Series 2011-109, Class PE, 3.00%, 8/25/41 |
|
|
|
|
|
|
3,740 |
|
|
|
3,735,347 |
|
|
|
|
|
Series 2012-134, Class ZT, 2.00%, 12/25/42 |
|
|
|
|
|
|
3,342 |
|
|
|
3,124,645 |
|
|
|
|
|
Series 2013-6, Class TA, 1.50%, 1/25/43 |
|
|
|
|
|
|
4,920 |
|
|
|
4,775,290 |
|
|
|
|
|
Series 2013-52, Class MD, 1.25%, 6/25/43 |
|
|
|
|
|
|
5,010 |
|
|
|
4,752,500 |
|
|
|
|
|
|
|
|
43 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
Federal National Mortgage Association: (continued) |
|
|
|
|
|
|
|
|
Series 2013-67, Class NF, 3.018%, (1 mo. USD LIBOR + 1.00%), 7/25/43(14) |
|
|
|
$
|
2,784 |
|
|
$
|
2,792,681 |
|
|
|
|
|
Series 2014-64, Class PA, 3.00%, 3/25/44 |
|
|
|
|
3,886 |
|
|
|
3,954,757 |
|
|
|
|
|
Series 2016-22, Class ZE, 3.00%, 6/25/44 |
|
|
|
|
765 |
|
|
|
775,419 |
|
|
|
|
|
Series 2017-13, Class KF, 3.10%, (1 mo. USD LIBOR + 1.00%), 2/25/47(14) |
|
|
|
|
861 |
|
|
|
867,769 |
|
|
|
|
|
Series 2017-15, Class LE, 3.00%, 6/25/46 |
|
|
|
|
12,837 |
|
|
|
12,926,952 |
|
|
|
|
|
Series 2017-39, Class JZ, 3.00%, 5/25/47 |
|
|
|
|
997 |
|
|
|
1,002,420 |
|
|
|
|
|
Series 2017-48, Class LG, 2.75%, 5/25/47 |
|
|
|
|
7,402 |
|
|
|
7,534,118 |
|
|
|
|
|
Series 2017-66, Class ZJ, 3.00%, 9/25/57 |
|
|
|
|
2,917 |
|
|
|
2,893,386 |
|
|
|
|
|
Series 2017-75, Class Z, 3.00%, 9/25/57 |
|
|
|
|
1,960 |
|
|
|
1,944,597 |
|
|
|
|
|
Series 2017-76, Class Z, 3.00%, 10/25/57 |
|
|
|
|
1,900 |
|
|
|
1,879,997 |
|
|
|
|
|
Series 2017-96, Class Z, 3.00%, 12/25/57 |
|
|
|
|
3,343 |
|
|
|
3,310,907 |
|
|
|
|
|
Series 2017-110, Class Z, 3.00%, 2/25/57 |
|
|
|
|
3,015 |
|
|
|
2,979,461 |
|
|
|
|
|
Series 2018-18, Class QD, 4.50%, 5/25/45 |
|
|
|
|
27,334 |
|
|
|
29,016,309 |
|
|
|
|
|
Series 2018-50, Class MZ, 4.50%, 7/25/48 |
|
|
|
|
1,335 |
|
|
|
1,338,485 |
|
|
|
|
|
Series 2019-50, Class NZ, 3.50%, 9/25/49 |
|
|
|
|
4,889 |
|
|
|
4,901,391 |
|
|
|
|
|
Interest Only:(21) |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2010-99, Class NS, 4.582%, (6.60% - 1 mo. USD LIBOR), 3/25/39(20) |
|
|
|
|
493 |
|
|
|
6,681 |
|
|
|
|
|
Series 2010-124, Class SJ, 4.032%, (6.05% - 1 mo. USD LIBOR), 11/25/38(20) |
|
|
|
|
1,516 |
|
|
|
66,199 |
|
|
|
|
|
Series 2011-101, Class IC, 3.50%, 10/25/26 |
|
|
|
|
7,789 |
|
|
|
577,911 |
|
|
|
|
|
Series 2011-101, Class IE, 3.50%, 10/25/26 |
|
|
|
|
2,542 |
|
|
|
189,300 |
|
|
|
|
|
Series 2012-24, Class S, 3.482%, (5.50% - 1 mo. USD LIBOR), 5/25/30(20) |
|
|
|
|
1,574 |
|
|
|
71,178 |
|
|
|
|
|
Series 2012-33, Class CI, 3.50%, 3/25/27 |
|
|
|
|
4,606 |
|
|
|
349,745 |
|
|
|
|
|
Series 2012-56, Class SU, 4.732%, (6.75% - 1 mo. USD LIBOR), 8/25/26(20) |
|
|
|
|
322 |
|
|
|
9,941 |
|
|
|
|
|
Series 2012-94, Class KS, 4.505%, (6.65% - 1 mo. USD LIBOR), 5/25/38(20) |
|
|
|
|
5,119 |
|
|
|
483,009 |
|
|
|
|
|
Series 2012-97, Class PS, 4.132%, (6.15% - 1 mo. USD LIBOR), 3/25/41(20) |
|
|
|
|
7,170 |
|
|
|
876,152 |
|
|
|
|
|
Series 2012-103, Class GS, 4.082%, (6.10% - 1 mo. USD LIBOR), 2/25/40(20) |
|
|
|
|
3,842 |
|
|
|
172,139 |
|
|
|
|
|
Series 2012-118, Class IN, 3.50%, 11/25/42 |
|
|
|
|
8,622 |
|
|
|
1,312,075 |
|
|
|
|
|
Series 2012-124, Class IO, 1.572%, 11/25/42(19) |
|
|
|
|
3,845 |
|
|
|
187,429 |
|
|
|
|
|
Series 2012-125, Class IG, 3.50%, 11/25/42 |
|
|
|
|
25,643 |
|
|
|
3,948,135 |
|
|
|
|
|
Series 2012-150, Class SK, 4.132%, (6.15% - 1 mo. USD LIBOR), 1/25/43(20) |
|
|
|
|
4,784 |
|
|
|
711,796 |
|
|
|
|
|
Series 2013-12, Class SP, 3.505%, (5.65% - 1 mo. USD LIBOR), 11/25/41(20) |
|
|
|
|
2,501 |
|
|
|
222,948 |
|
|
|
|
|
Series 2013-15, Class DS, 4.182%, (6.20% - 1 mo. USD LIBOR), 3/25/33(20) |
|
|
|
|
9,498 |
|
|
|
1,613,311 |
|
|
|
|
|
Series 2013-16, Class SY, 4.132%, (6.15% - 1 mo. USD LIBOR), 3/25/43(20) |
|
|
|
|
2,215 |
|
|
|
383,301 |
|
|
|
|
|
Series 2013-54, Class HS, 4.282%, (6.30% - 1 mo. USD LIBOR), 10/25/41(20) |
|
|
|
|
2,395 |
|
|
|
164,292 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
Federal National Mortgage Association: (continued) |
|
|
|
|
|
|
|
|
Interest Only:(21) (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 2013-64, Class PS, 4.232%, (6.25% - 1 mo. USD LIBOR), 4/25/43(20) |
|
|
|
|
|
$
|
3,523 |
|
|
$
|
463,831 |
|
|
|
|
|
Series 2013-75, Class SC, 4.232%, (6.25% - 1 mo. USD LIBOR), 7/25/42(20) |
|
|
|
|
|
|
7,947 |
|
|
|
705,166 |
|
|
|
|
|
Series 2014-32, Class EI, 4.00%, 6/25/44 |
|
|
|
|
|
|
1,431 |
|
|
|
231,353 |
|
|
|
|
|
Series 2014-55, Class IN, 3.50%, 7/25/44 |
|
|
|
|
|
|
3,380 |
|
|
|
435,561 |
|
|
|
|
|
Series 2014-89, Class IO, 3.50%, 1/25/45 |
|
|
|
|
|
|
4,312 |
|
|
|
566,583 |
|
|
|
|
|
Series 2015-17, Class SA, 4.055%, (6.20% - 1 mo. USD LIBOR), 11/25/43(20) |
|
|
|
|
|
|
5,233 |
|
|
|
621,207 |
|
|
|
|
|
Series 2015-52, Class MI, 3.50%, 7/25/45 |
|
|
|
|
|
|
3,656 |
|
|
|
489,900 |
|
|
|
|
|
Series 2015-95, Class SB, 3.855%, (6.00% - 1 mo. USD LIBOR), 1/25/46(20) |
|
|
|
|
|
|
12,848 |
|
|
|
2,191,256 |
|
|
|
|
|
Series 2016-1, Class SJ, 4.132%, (6.15% - 1 mo. USD LIBOR), 2/25/46(20) |
|
|
|
|
|
|
18,976 |
|
|
|
3,346,794 |
|
|
|
|
|
Series 2017-46, Class NI, 3.00%, 8/25/42 |
|
|
|
|
|
|
11,507 |
|
|
|
1,030,058 |
|
|
|
|
|
Series 2018-21, Class IO, 3.00%, 4/25/48 |
|
|
|
|
|
|
21,311 |
|
|
|
2,724,375 |
|
|
|
|
|
Series 2019-1, Class AS, 3.855%, (6.00% - 1 mo. USD LIBOR), 2/25/49(20) |
|
|
|
|
|
|
25,650 |
|
|
|
5,021,947 |
|
|
|
|
|
Series 2019-33, Class SK, 4.032%, (6.05% -1 mo. USD LIBOR), 7/25/49(20) |
|
|
|
|
|
|
30,558 |
|
|
|
3,272,288 |
|
|
|
|
|
Principal Only:(22) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 379, Class 1, 0.00%, 5/25/37 |
|
|
|
|
|
|
2,817 |
|
|
|
2,616,791 |
|
|
|
|
|
Series 2006-8, Class WQ,
0.00%, 3/25/36 |
|
|
|
|
|
|
3,989 |
|
|
|
3,659,417 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
148,632,329 |
|
|
|
|
|
Federal National Mortgage Association Connecticut Avenue Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 2017-C03, Class 1M2, 5.018%, (1 mo. USD
LIBOR + 3.00%), 10/25/29(14) |
|
|
|
|
|
$ |
2,750 |
|
|
$ |
2,862,793 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,862,793 |
|
|
|
Government National Mortgage Association: |
|
|
|
|
|
|
|
|
Series 2011-156, Class GA, 2.00%, 12/16/41 |
|
|
|
|
|
$ |
593 |
|
|
$ |
577,648 |
|
|
|
|
|
Series 2016-129, Class ZC, 2.00%, 6/20/45 |
|
|
|
|
|
|
79 |
|
|
|
79,318 |
|
|
|
|
|
Series 2017-82, Class TZ, 2.50%, 2/16/43 |
|
|
|
|
|
|
476 |
|
|
|
470,653 |
|
|
|
|
|
Series 2017-121, Class DF, 2.672%, (1 mo. USD LIBOR + 0.50%), 8/20/47(14) |
|
|
|
|
|
|
13,068 |
|
|
|
13,040,145 |
|
|
|
|
|
Series 2017-137, Class AF, 2.672%, (1 mo. USD LIBOR + 0.50%), 9/20/47(14) |
|
|
|
|
|
|
7,363 |
|
|
|
7,364,628 |
|
|
|
|
|
Series 2017-141, Class KZ, 3.00%, 9/20/47 |
|
|
|
|
|
|
2,543 |
|
|
|
2,538,778 |
|
|
|
|
|
Series 2018-6, Class JZ, 4.00%, 1/20/48 |
|
|
|
|
|
|
4,436 |
|
|
|
4,845,286 |
|
|
|
|
|
Series 2018-67, Class LT, 4.50%, (13.50% - 1 mo. USD LIBOR x 2.25, Cap
4.50%), 4/20/48(20) |
|
|
|
|
|
|
3,302 |
|
|
|
3,327,849 |
|
|
|
|
|
Series 2018-139, Class UF, 3.10%, (1 mo. USD LIBOR + 1.00%), 10/20/48(14) |
|
|
|
|
|
|
1,192 |
|
|
|
1,192,530 |
|
|
|
|
|
Series 2019-97, Class ZC, 3.50%, 8/20/49 |
|
|
|
|
|
|
9,979 |
|
|
|
9,959,834 |
|
|
|
|
|
Series 2019-108, Class KZ, 3.50%, 8/20/49 |
|
|
|
|
|
|
4,808 |
|
|
|
4,814,815 |
|
|
|
|
|
|
|
|
44 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
|
|
Government National Mortgage Association: (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-110, Class ZD, 3.50%, 9/20/49 |
|
|
|
|
|
$
|
40,000 |
|
|
$
|
40,006,142 |
|
|
|
|
|
Series 2019-117, Class Z, 3.50%, 9/20/49 |
|
|
|
|
|
|
10,000 |
|
|
|
10,014,064 |
|
|
|
|
|
Interest Only:(21) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 2017-104, Class SD, 4.156%, (6.20% - 1 mo. USD LIBOR), 7/20/47(20) |
|
|
|
|
|
|
7,979 |
|
|
|
1,437,366 |
|
|
|
|
|
Series 2018-105, Class SE,
4.156%, (6.20% - 1 mo. USD LIBOR), 8/20/48(20) |
|
|
|
|
|
|
8,760 |
|
|
|
1,364,390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
101,033,446 |
|
|
|
Total Collateralized Mortgage Obligations (identified cost
$479,555,658) |
|
|
$ |
458,899,102 |
|
|
Commercial Mortgage-Backed Securities — 5.3% |
|
Security |
|
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
|
|
Agate Bay Mortgage Trust |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 2015-1, Class A4, 3.50%, 1/25/45(9)(19) |
|
|
|
|
|
$ |
2,022 |
|
|
$ |
2,048,935 |
|
|
|
|
|
CFCRE Commercial Mortgage Trust |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 2016-C3, Class D, 3.052%, 1/10/48(9)(19) |
|
|
|
|
|
|
3,500 |
|
|
|
3,206,795 |
|
|
|
|
|
Series 2016-C7, Class D, 4.581%, 12/10/54(9)(19) |
|
|
|
|
|
|
1,675 |
|
|
|
1,665,099 |
|
|
|
|
|
Citigroup Commercial Mortgage Trust |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 2015-P1, Class D, 3.225%, 9/15/48(9) |
|
|
|
|
|
|
1,000 |
|
|
|
947,599 |
|
|
|
|
|
Series 2017-MDRB, Class C, 4.528%, (1 mo. USD LIBOR + 2.50%), 7/15/30(9)(14) |
|
|
|
|
|
|
5,000 |
|
|
|
5,004,544 |
|
|
|
|
|
COMM Mortgage Trust |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 2013-CR11, Class D,
5.286%, 8/10/50(9)(19) |
|
|
|
|
|
|
4,500 |
|
|
|
4,590,021 |
|
|
|
|
|
Series 2015-CR22, Class D,
4.254%, 3/10/48(9)(19) |
|
|
|
|
|
|
4,100 |
|
|
|
4,094,053 |
|
|
|
|
|
Credit Suisse Mortgage Trust |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 2016-NXSR, Class C,
4.506%, 12/15/49(19) |
|
|
|
|
|
|
2,770 |
|
|
|
2,930,128 |
|
|
|
|
|
Series 2016-NXSR, Class D,
4.506%, 12/15/49(9)(19) |
|
|
|
|
|
|
3,000 |
|
|
|
2,719,861 |
|
|
|
|
|
JPMBB Commercial Mortgage Securities Trust |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 2014-C22, Class C, 4.709%, 9/15/47(19) |
|
|
|
|
|
|
730 |
|
|
|
754,863 |
|
|
|
|
|
Series 2014-C22, Class D, 4.709%, 9/15/47(9)(19) |
|
|
|
|
|
|
5,276 |
|
|
|
4,896,282 |
|
|
|
|
|
Series 2014-C25, Class D, 4.104%, 11/15/47(9)(19) |
|
|
|
|
|
|
2,974 |
|
|
|
2,685,090 |
|
|
|
|
|
Series 2015-C29, Class D, 3.795%, 5/15/48(19) |
|
|
|
|
|
|
2,000 |
|
|
|
1,738,722 |
|
|
|
|
|
JPMorgan Chase Commercial Mortgage Securities Trust |
|
|
|
|
|
|
|
|
|
|
|
|
|
Series 2011-C5, Class D, 5.554%, 8/15/46(9)(19) |
|
|
|
|
|
|
7,167 |
|
|
|
7,313,385 |
|
|
|
|
|
Series 2012-CBX, Class AS, 4.271%, 6/15/45 |
|
|
|
|
|
|
1,000 |
|
|
|
1,047,377 |
|
|
|
|
|
Series 2013-C13, Class D, 4.201%, 1/15/46(9)(19) |
|
|
|
|
|
|
3,000 |
|
|
|
3,074,847 |
|
|
|
|
|
Series 2013-C16, Class D, 5.195%, 12/15/46(9)(19) |
|
|
|
|
|
|
3,500 |
|
|
|
3,698,749 |
|
|
|
|
|
Series 2014-DSTY, Class B,
3.771%, 6/10/27(9) |
|
|
|
|
|
|
2,600 |
|
|
|
2,588,648 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
|
|
Morgan Stanley Bank of America Merrill Lynch Trust |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2015-C23, Class D, 4.268%, 7/15/50(9)(19) |
|
|
|
$
|
2,000 |
|
|
$
|
2,016,560 |
|
|
|
|
|
Series 2016-C32, Class D, 3.396%, 12/15/49(9)(19) |
|
|
|
|
1,600 |
|
|
|
1,335,472 |
|
|
|
|
|
Morgan Stanley Capital I Trust |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2016-UB12, Class D,
3.312%, 12/15/49(9) |
|
|
|
|
4,489 |
|
|
|
3,523,562 |
|
|
|
|
|
Series 2017-CLS, Class A, 2.728%, (1 mo. USD LIBOR + 0.70%), 11/15/34(9)(14) |
|
|
|
|
2,000 |
|
|
|
2,001,510 |
|
|
|
|
|
Series 2019-BPR, Class C, 5.078%, (1 mo. USD LIBOR + 3.05%), 5/15/36(9)(14) |
|
|
|
|
1,845 |
|
|
|
1,852,460 |
|
|
|
|
|
Motel 6 Trust |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2017-MTL6, Class C, 3.428%, (1 mo. USD LIBOR + 1.40%), 8/15/34(9)(14) |
|
|
|
|
2,521 |
|
|
|
2,525,680 |
|
|
|
|
|
RETL Trust |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-RVP, Class B, 3.578%, (1 mo. USD LIBOR + 1.55%), 3/15/36(9)(14) |
|
|
|
|
735 |
|
|
|
737,237 |
|
|
|
|
|
UBS Commercial Mortgage Trust |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2012-C1, Class D, 5.728%, 5/10/45(9)(19) |
|
|
|
|
3,000 |
|
|
|
3,010,045 |
|
|
|
|
|
UBS-Barclays Commercial Mortgage Trust |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2013-C6, Class D, 4.454%, 4/10/46(9)(19) |
|
|
|
|
4,437 |
|
|
|
4,326,934 |
|
|
|
|
|
Wells Fargo Commercial Mortgage Trust |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2013-LC12, Class D,
4.42%, 7/15/46(9)(19) |
|
|
|
|
3,000 |
|
|
|
2,664,818 |
|
|
|
|
|
Series 2015-C31, Class D, 3.852%, 11/15/48 |
|
|
|
|
2,475 |
|
|
|
2,302,534 |
|
|
|
|
|
Series 2015-LC22, Class C,
4.695%, 9/15/58(19) |
|
|
|
|
1,250 |
|
|
|
1,326,824 |
|
|
|
|
|
Series 2015-SG1, Class C, 4.616%, 9/15/48(19) |
|
|
|
|
2,575 |
|
|
|
2,684,917 |
|
|
|
|
|
Series 2016-C35, Class D, 3.142%, 7/15/48(9) |
|
|
|
|
1,850 |
|
|
|
1,630,336 |
|
|
|
|
|
Series 2016-C36, Class D, 2.942%, 11/15/59(9) |
|
|
|
|
1,500 |
|
|
|
1,190,324 |
|
|
|
Total Commercial Mortgage-Backed Securities (identified cost
$83,844,664) |
|
|
$ |
88,134,211 |
|
|
Asset-Backed Securities — 5.8% |
|
Security |
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
|
|
Alinea CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2018-1A, Class E, 8.278%, (3 mo. USD LIBOR + 6.00%), 7/20/31(9)(14) |
|
|
|
$ |
1,000 |
|
|
$ |
911,574 |
|
|
|
|
|
AMMC CLO XII, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2013-12A, Class ER, 8.361%, (3 mo. USD LIBOR + 6.18%), 11/10/30(9)(14) |
|
|
|
|
2,000 |
|
|
|
1,791,515 |
|
|
|
|
|
Ares LII CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-52A, Class E, 8.828%, (3 mo. USD LIBOR + 6.55%), 4/22/31(9)(14) |
|
|
|
|
1,000 |
|
|
|
979,301 |
|
|
|
|
|
Ares XL CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2016-40A, Class DR, 8.653%, (3 mo. USD LIBOR + 6.35%), 1/15/29(9)(14) |
|
|
|
|
1,000 |
|
|
|
966,707 |
|
|
|
|
|
|
|
|
45 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
|
|
Ares XXXVR CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2015-35RA, Class E, 8.003%, (3 mo. USD LIBOR + 5.70%), 7/15/30(9)(14) |
|
|
|
$
|
2,000 |
|
|
$
|
1,811,078 |
|
|
|
|
|
Babson CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2016-1A, Class ER, 8.259%, (3 mo. USD LIBOR + 6.00%), 7/23/30(9)(14) |
|
|
|
|
1,000 |
|
|
|
888,587 |
|
|
|
|
|
Bain Capital Credit CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2017-2A, Class E, 8.626%, (3 mo. USD LIBOR + 6.35%), 7/25/30(9)(14) |
|
|
|
|
2,000 |
|
|
|
1,903,545 |
|
|
|
|
|
Benefit Street Partners CLO XVI, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2018-16A, Class E, 9.003%, (3 mo. USD LIBOR + 6.70%), 1/17/32(9)(14) |
|
|
|
|
3,000 |
|
|
|
2,886,260 |
|
|
|
|
|
Benefit Street Partners CLO XVII, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-17A, Class E, 8.874%, (3 mo. USD LIBOR + 6.60%), 7/15/32(9)(14) |
|
|
|
|
3,000 |
|
|
|
2,943,028 |
|
|
|
|
|
BlueMountain CLO XXIV, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-24A, Class E, 9.238%, (3 mo. USD LIBOR + 6.76%), 4/20/31(9)(14) |
|
|
|
|
1,000 |
|
|
|
993,242 |
|
|
|
|
|
BlueMountain CLO XXV, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-25A, Class E, 8.986%, (3 mo. USD LIBOR + 6.70%), 7/15/32(9)(14) |
|
|
|
|
4,500 |
|
|
|
4,404,690 |
|
|
|
|
|
BlueMountain CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2016-3A, Class ER, 8.108%, (3 mo. USD LIBOR + 5.95%), 11/15/30(9)(14) |
|
|
|
|
2,000 |
|
|
|
1,824,143 |
|
|
|
|
|
Series 2018-1A, Class E, 8.216%, (3 mo. USD LIBOR + 5.95%), 7/30/30(9)(14) |
|
|
|
|
1,000 |
|
|
|
916,184 |
|
|
|
|
|
Canyon Capital CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2016-2A, Class ER, 8.30%, (3 mo. USD LIBOR + 6.00%), 10/15/31(9)(14) |
|
|
|
|
3,350 |
|
|
|
2,942,384 |
|
|
|
|
|
Series 2019-2A, Class E, 9.238%, (3 mo. USD LIBOR + 7.15%), 10/15/32(9)(14) |
|
|
|
|
1,000 |
|
|
|
1,001,000 |
|
|
|
|
|
Carlyle Global Market Strategies CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2012-3A, Class DR2, 8.803%, (3 mo. USD LIBOR + 6.50%), 1/14/32(9)(14) |
|
|
|
|
2,000 |
|
|
|
1,849,333 |
|
|
|
|
|
Series 2014-4RA, Class D, 7.953%, (3 mo. USD LIBOR + 5.65%), 7/15/30(9)(14) |
|
|
|
|
1,250 |
|
|
|
1,096,070 |
|
|
|
|
|
Series 2015-5A, Class DR, 8.978%, (3 mo. USD LIBOR + 6.70%), 1/20/32(9)(14) |
|
|
|
|
1,000 |
|
|
|
941,876 |
|
|
|
|
|
Series C17A, Class DR, 8.266%, (3 mo. USD LIBOR + 6.00%), 4/30/31(9)(14) |
|
|
|
|
1,750 |
|
|
|
1,593,700 |
|
|
|
|
|
Cedar Funding X CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-10A, Class E, 9.131%, (3 mo. USD LIBOR + 7.00%), 10/20/32(9)(14) |
|
|
|
|
1,500 |
|
|
|
1,494,333 |
|
|
|
|
|
Cole Park CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2015-1A, Class ER, 8.878%, (3 mo. USD LIBOR + 6.60%), 10/20/28(9)(14) |
|
|
|
|
2,000 |
|
|
|
1,941,495 |
|
|
|
|
|
Dryden Senior Loan Fund |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2015-41A, Class ER, 7.603%, (3 mo. USD LIBOR + 5.30%), 4/15/31(9)(14) |
|
|
|
|
2,000 |
|
|
|
1,735,084 |
|
|
|
|
|
Series 2016-42A, Class ER, 7.853%, (3 mo. USD LIBOR + 5.55%), 7/15/30(9)(14) |
|
|
|
|
1,000 |
|
|
|
902,013 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
|
|
First Investors Auto Owner Trust |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2015-1A, Class C, 2.71%, 6/15/21(9) |
|
|
|
$
|
356 |
|
|
$
|
355,722 |
|
|
|
|
|
FOCUS Brands Funding, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2017-1A, Class A2I, 3.857%, 4/30/47(9) |
|
|
|
|
1,584 |
|
|
|
1,595,061 |
|
|
|
|
|
Galaxy XIX CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2015-19A, Class D2R, 9.283%, (3 mo. USD LIBOR + 7.00%), 7/24/30(9)(14) |
|
|
|
|
1,600 |
|
|
|
1,493,990 |
|
|
|
|
|
Galaxy XV CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2013-15A, Class ER, 8.948%, (3 mo. USD LIBOR + 6.65%), 10/15/30(9)(14) |
|
|
|
|
3,275 |
|
|
|
3,097,817 |
|
|
|
|
|
Galaxy XXI CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2015-21A, Class ER, 7.528%, (3 mo. USD LIBOR + 5.25%), 4/20/31(9)(14) |
|
|
|
|
1,100 |
|
|
|
957,071 |
|
|
|
|
|
Galaxy XXV CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2018-25A, Class E, 8.226%, (3 mo. USD LIBOR + 5.95%), 10/25/31(9)(14) |
|
|
|
|
1,000 |
|
|
|
903,548 |
|
|
|
|
|
Golub Capital Partners CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2018-37A, Class E, 8.028%, (3 mo. USD LIBOR + 5.75%), 7/20/30(9)(14) |
|
|
|
|
3,000 |
|
|
|
2,708,648 |
|
|
|
|
|
Kayne CLO 5, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-5A, Class E, 8.881%, (3 mo. USD LIBOR + 6.70%), 7/24/32(9)(14) |
|
|
|
|
4,550 |
|
|
|
4,480,474 |
|
|
|
|
|
Madison Park Funding XVII, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2015-17A, Class ER, 8.778%, (3 mo. USD LIBOR + 6.50%), 7/21/30(9)(14) |
|
|
|
|
2,000 |
|
|
|
1,928,088 |
|
|
|
|
|
Madison Park Funding XXXVII, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-37A, Class E, 8.853%, (3 mo. USD LIBOR + 6.55%), 7/15/32(9)(14) |
|
|
|
|
5,500 |
|
|
|
5,447,926 |
|
|
|
|
|
Magnetite XXII, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-22A, Class E, 9.126%, (3 mo. USD LIBOR + 6.75%), 4/15/31(9)(14) |
|
|
|
|
1,500 |
|
|
|
1,502,053 |
|
|
|
|
|
Marlette Funding Trust |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2018-1A, Class A, 2.61%, 3/15/28(9) |
|
|
|
|
105 |
|
|
|
104,811 |
|
|
|
|
|
MVW Owner Trust |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2014-1A, Class A, 2.25%, 9/22/31(9) |
|
|
|
|
412 |
|
|
|
411,411 |
|
|
|
|
|
Neuberger Berman CLO XIV, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2013-14A, Class ER, 8.706%, (3 mo. USD LIBOR + 6.45%), 1/28/30(9)(14) |
|
|
|
|
750 |
|
|
|
688,688 |
|
|
|
|
|
Neuberger Berman CLO XXII, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2016-22A, Class ER, 8.363%, (3 mo. USD LIBOR + 6.06%), 10/17/30(9)(14) |
|
|
|
|
1,500 |
|
|
|
1,354,577 |
|
|
|
|
|
Neuberger Berman Loan Advisers CLO 30, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2018-30A, Class E, 9.028%, (3 mo. USD LIBOR + 6.75%), 1/20/31(9)(14) |
|
|
|
|
2,000 |
|
|
|
1,956,031 |
|
|
|
|
|
Neuberger Berman Loan Advisers CLO 31, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-31A, Class E, 9.122%, (3 mo. USD LIBOR + 6.75%), 4/20/31(9)(14) |
|
|
|
|
1,000 |
|
|
|
1,002,881 |
|
|
|
|
|
Neuberger Berman Loan Advisers CLO 33, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-33A, Class E, 8.94%, (3 mo. USD LIBOR + 6.80%), 10/16/32(9)(14) |
|
|
|
|
2,250 |
|
|
|
2,265,306 |
|
|
|
|
|
|
|
|
46 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
|
|
Palmer Square CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2013-2A, Class DRR, 8.153%, (3 mo. USD LIBOR + 5.85%), 10/17/31(9)(14) |
|
|
|
$
|
2,000 |
|
|
$
|
1,893,358 |
|
|
|
|
|
Series 2018-2A, Class D, 7.922%, (3 mo. USD LIBOR + 5.60%), 7/16/31(9)(14) |
|
|
|
|
1,000 |
|
|
|
918,610 |
|
|
|
|
|
Series 2019-1A, Class D, (3 mo. USD LIBOR + 7.00%), 11/14/32(9)(15) |
|
|
|
|
2,000 |
|
|
|
2,000,000 |
|
|
|
|
|
Purchasing Power Funding, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2018-A, Class A, 3.34%, 8/15/22(9) |
|
|
|
|
3,200 |
|
|
|
3,205,597 |
|
|
|
|
|
Regatta IX Funding, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2017-1A, Class E, 8.30%, (3 mo. USD LIBOR + 6.00%), 4/17/30(9)(14) |
|
|
|
|
450 |
|
|
|
424,935 |
|
|
|
|
|
Regatta XII Funding, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-1A, Class E, (3 mo. USD LIBOR + 6.85%), 10/15/32(9)(15) |
|
|
|
|
2,000 |
|
|
|
2,000,000 |
|
|
|
|
|
Regatta XIII Funding, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2018-2A, Class D, 8.253%, (3 mo. USD LIBOR + 5.95%), 7/15/31(9)(14) |
|
|
|
|
2,000 |
|
|
|
1,800,570 |
|
|
|
|
|
Regatta XIV Funding, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2018-3A, Class E, 8.823%, (3 mo. USD LIBOR + 5.95%), 10/25/31(9)(14) |
|
|
|
|
1,000 |
|
|
|
940,093 |
|
|
|
|
|
Sierra Timeshare Receivables Funding, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2015-1A, Class B, 3.05%, 3/22/32(9) |
|
|
|
|
312 |
|
|
|
311,611 |
|
|
|
|
|
Southwick Park CLO, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-4A, Class E, 8.866%, (3 mo. USD LIBOR + 6.70%), 7/20/32(9)(14) |
|
|
|
|
6,000 |
|
|
|
5,914,335 |
|
|
|
|
|
Trafigura Securitisation Finance PLC |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2017-1A, Class B, 3.727%, (1 mo. USD LIBOR + 1.70%), 12/15/20(9)(14) |
|
|
|
|
1,500 |
|
|
|
1,503,950 |
|
|
|
|
|
Tricon American Homes Trust |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2016-SFR1, Class D,
3.886%, 11/17/33(9) |
|
|
|
|
1,300 |
|
|
|
1,316,836 |
|
|
|
|
|
Vibrant CLO IX, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2018-9A, Class D, 8.528%, (3 mo. USD LIBOR + 6.25%), 7/20/31(9)(14) |
|
|
|
|
1,000 |
|
|
|
890,210 |
|
|
|
|
|
Vibrant CLO XI, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2019-11A, Class D, 9.023%, (3 mo. USD LIBOR + 6.77%), 7/20/32(9)(14) |
|
|
|
|
575 |
|
|
|
555,475 |
|
|
|
|
|
Voya CLO, Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Series 2015-3A, Class DR, 8.478%, (3 mo. USD LIBOR + 6.20%), 10/20/31(9)(14) |
|
|
|
|
3,000 |
|
|
|
2,725,184 |
|
|
|
|
|
Series 2016-3A, Class DR, 8.38%, (3 mo. USD
LIBOR + 6.08%), 10/18/31(9)(14) |
|
|
|
|
1,400 |
|
|
|
1,268,995 |
|
|
|
Total Asset-Backed Securities (identified cost
$101,937,984) |
|
|
$ |
98,641,004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stocks — 0.5% |
|
Security |
|
|
|
|
Shares |
|
|
Value |
|
|
|
|
|
Aerospace and Defense — 0.0%(5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
IAP Global Services,
LLC(3)(23)(24) |
|
|
|
|
|
|
31 |
|
|
$ |
423,833 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
423,833 |
|
|
|
|
|
Automotive — 0.0%(5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Dayco Products,
LLC(23)(24) |
|
|
|
|
|
|
27,250 |
|
|
$ |
735,750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
735,750 |
|
|
|
Business Equipment and Services —
0.0%(5) |
|
|
|
|
|
|
|
|
Crossmark Holdings,
Inc.(23)(24) |
|
|
|
|
|
|
4,883 |
|
|
$ |
366,225 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
366,225 |
|
|
|
Electronics / Electrical —
0.0%(5) |
|
|
|
|
|
|
|
|
Answers
Corp.(3)(23) |
|
|
|
|
|
|
78,756 |
|
|
$ |
159,087 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
159,087 |
|
|
|
Health Care — 0.0%(5) |
|
|
|
|
|
|
|
|
New Millennium Holdco,
Inc.(23)(24) |
|
|
|
|
|
|
42,216 |
|
|
$ |
2,955 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,955 |
|
|
|
Nonferrous Metals / Minerals — 0.0% |
|
|
|
|
|
|
|
|
ASP United/GHX Holding,
LLC(3)(23)(24) |
|
|
|
|
|
|
76,163 |
|
|
$ |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
0 |
|
|
|
|
|
Oil and Gas — 0.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
AFG Holdings, Inc.(3)(23)(24) |
|
|
|
|
|
|
29,751 |
|
|
$ |
1,553,597 |
|
|
|
|
|
Fieldwood Energy, Inc.(23)(24) |
|
|
|
|
|
|
10,085 |
|
|
|
297,508 |
|
|
|
|
|
Nine Point Energy Holdings, Inc.(3)(24)(25) |
|
|
|
|
|
|
29,787 |
|
|
|
298 |
|
|
|
|
|
Samson Resources II, LLC,
Class A(23)(24) |
|
|
|
|
|
|
45,294 |
|
|
|
1,106,872 |
|
|
|
|
|
Southcross Holdings Group, LLC(3)(23)(24) |
|
|
|
|
|
|
78 |
|
|
|
0 |
|
|
|
|
|
Southcross Holdings L.P., Class A(23)(24) |
|
|
|
|
|
|
78 |
|
|
|
37,050 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,995,325 |
|
|
|
|
|
Publishing — 0.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
ION Media Networks, Inc.(3)(23) |
|
|
|
|
|
|
5,187 |
|
|
$ |
2,563,363 |
|
|
|
|
|
Tweddle Group,
Inc.(3)(23)(24) |
|
|
|
|
|
|
5,433 |
|
|
|
16,408 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,579,771 |
|
|
|
|
|
Radio and Television — 0.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Clear Channel Outdoor Holdings, Inc.(23)(24) |
|
|
|
|
|
|
74,443 |
|
|
$ |
187,596 |
|
|
|
|
|
Cumulus Media, Inc.(23)(24) |
|
|
|
|
|
|
50,522 |
|
|
|
734,590 |
|
|
|
|
|
iHeartMedia, Inc., Class A(23)(24) |
|
|
|
|
|
|
31,657 |
|
|
|
474,855 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,397,041 |
|
|
|
|
|
|
|
|
47 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Shares |
|
|
Value |
|
|
Retailers (Except Food and Drug) —
0.0%(5) |
|
|
|
|
|
David’s Bridal,
Inc.(23)(24) |
|
|
|
|
|
|
34,254 |
|
|
$ |
17,127 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
17,127 |
|
|
|
Total Common Stocks (identified cost $7,068,282) |
|
|
$ |
8,677,114 |
|
|
Convertible Preferred Stocks — 0.0%(5) |
|
Security |
|
|
|
|
Shares |
|
|
Value |
|
|
Oil and Gas — 0.0%(5) |
|
|
|
|
|
Nine Point Energy Holdings, Inc., Series A, 12.00%(3)(24)(25) |
|
|
|
|
|
|
555 |
|
|
$ |
449,735 |
|
|
|
Total Convertible Preferred Stocks (identified cost
$555,000) |
|
|
$ |
449,735 |
|
|
Preferred Stocks — 0.1% |
|
Security |
|
|
|
|
Shares |
|
|
Value |
|
|
Pipelines — 0.1% |
|
|
|
|
|
NuStar Energy, L.P., Series B, 7.625% to 6/15/22(11) |
|
|
|
|
|
|
31,500 |
|
|
$ |
664,650 |
|
|
|
Total Preferred Stocks (identified cost $702,450) |
|
|
$ |
664,650 |
|
|
Closed-End Funds — 1.4% |
|
Security |
|
|
|
|
Shares |
|
|
Value |
|
|
|
|
|
BlackRock Corporate High Yield Fund, Inc. |
|
|
|
|
|
|
2,089,114 |
|
|
$ |
22,457,976 |
|
|
|
Total Closed-End
Funds (identified cost $25,357,186) |
|
|
$ |
22,457,976 |
|
|
Miscellaneous — 0.0%(5) |
|
Security |
|
|
|
|
Principal Amount/ Shares |
|
|
Value |
|
|
Cable and Satellite Television — 0.0% |
|
|
|
|
|
ACC Claims Holdings,
LLC(3)(24) |
|
|
|
|
|
|
2,257,600 |
|
|
$ |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
0 |
|
|
|
|
|
Oil and Gas — 0.0%(5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Paragon Offshore Finance
Company, Class A(23)(24) |
|
|
|
|
|
|
2,021 |
|
|
$ |
1,112 |
|
|
|
|
|
Paragon Offshore Finance Company, Class B(23)(24) |
|
|
|
|
|
|
1,011 |
|
|
|
29,824 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
30,936 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount/ Shares |
|
|
Value |
|
|
|
|
|
Telecommunications — 0.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Avaya, Inc., Escrow Certificates(3)(24) |
|
|
|
|
|
$ |
1,135,000 |
|
|
$ |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
0 |
|
|
|
|
|
Total Miscellaneous (identified cost $21,988) |
|
|
|
|
|
|
|
|
|
$ |
30,936 |
|
|
Short-Term Investments — 1.7% |
|
|
U.S. Treasury Obligations — 0.0%(5) |
|
Security |
|
|
|
|
Principal Amount (000’s omitted) |
|
|
Value |
|
|
|
|
|
U.S. Treasury Bill, 0.00%, 10/31/19(26) |
|
|
|
|
|
$ |
500 |
|
|
$ |
499,157 |
|
|
|
Total U.S. Treasury Obligations (identified cost
$499,156) |
|
|
$ |
499,157 |
|
|
Other — 1.7% |
|
Description |
|
|
|
|
Units |
|
|
Value |
|
|
|
|
|
Eaton Vance Cash Reserves Fund, LLC, 2.09%(27) |
|
|
|
|
|
|
28,560,740 |
|
|
$ |
28,557,884 |
|
|
|
Total Other (identified cost $28,557,876) |
|
|
$ |
28,557,884 |
|
|
|
Total Short-Term Investments (identified cost
$29,057,032) |
|
|
$ |
29,057,041 |
|
|
|
Total Investments — 154.2% (identified cost
$2,610,363,966) |
|
|
$ |
2,588,115,518 |
|
|
|
Less Unfunded Loan Commitments — (0.1)% |
|
|
$ |
(846,169 |
) |
|
|
Net Investments — 154.1% (identified cost
$2,609,517,797) |
|
|
$ |
2,587,269,349 |
|
|
|
Other Assets, Less Liabilities — (41.2)% |
|
|
$ |
(691,754,569 |
) |
|
|
Auction Preferred Shares Plus Cumulative Unpaid
Dividends — (12.9)% |
|
|
$ |
(216,072,283 |
) |
|
|
Net Assets Applicable to Common Shares — 100.0% |
|
|
$ |
1,679,442,497 |
|
The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common
shares.
|
* |
In U.S. dollars unless otherwise indicated. |
|
(1) |
Senior floating-rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The
|
|
|
|
|
|
|
|
48 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
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 London Interbank Offered Rate (“LIBOR”) 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. |
|
(2) |
Unfunded or partially unfunded loan commitments. The stated interest rate reflects the weighted average of the reference rate and spread for the funded portion,
if any, and the commitment fees on the portion of the loan that is unfunded. At September 30, 2019, the total value of unfunded loan commitments is $920,608. See Note 1F for description. |
|
(3) |
For fair value measurement disclosure purposes, security is categorized as Level 3 (see Note 13). |
|
(4) |
The stated interest rate represents the weighted average interest rate at September 30, 2019 of contracts within the senior loan facility. Interest rates on
contracts are primarily redetermined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. |
|
(5) |
Amount is less than 0.05%. |
|
(6) |
This Senior Loan will settle after September 30, 2019, at which time the interest rate will be determined. |
|
(7) |
Issuer is in default with respect to interest and/or principal payments. For a variable rate security, interest rate has been adjusted to reflect non-accrual status. |
|
(9) |
Security exempt from registration pursuant to Rule 144A under 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 September 30, 2019, the aggregate value of these securities is $638,619,309 or 37.9% of the Fund’s net assets applicable to common shares.
|
(10) |
Security exempt from registration under Regulation S of the Securities Act of 1933, 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. At September 30, 2019, the aggregate
value of these securities is $108,445,221 or 6.5% of the Fund’s net assets applicable to common shares.
|
(11) |
Security converts to variable rate after the indicated fixed-rate coupon period. |
(12) |
Perpetual security with no stated maturity date but may be subject to calls by the issuer. |
(13) |
Represents a payment-in-kind security which may pay interest in additional
principal at the issuer’s discretion. |
(14) |
Variable rate security. The stated interest rate represents the rate in effect at September 30, 2019. |
(15) |
When-issued security. For a variable rate security, interest rate will be determined after September 30, 2019. |
(16) |
Loan is subject to scheduled mandatory prepayments. Maturity date shown reflects the final maturity date. |
(17) |
Adjustable rate mortgage security whose interest rate generally adjusts monthly based on a weighted average of interest rates on the underlying mortgages. The
coupon rate may not reflect the applicable index value as interest rates on the underlying mortgages may adjust on various dates and at various intervals and may be subject to lifetime ceilings and lifetime floors and lookback periods. Rate shown is
the coupon rate at September 30, 2019. |
(18) |
Security (or a portion thereof) has been pledged for the benefit of the counterparty for reverse repurchase agreements. |
(19) |
Weighted average fixed-rate coupon that changes/updates monthly. Rate shown is the rate at September 30, 2019. |
(20) |
Inverse floating-rate security whose coupon varies inversely with changes in the interest rate index. The stated interest rate represents the coupon rate in
effect at September 30, 2019. |
(21) |
Interest only security that entitles the holder to receive only interest payments on the underlying mortgages. Principal amount shown is the notional amount of
the underlying mortgages on which coupon interest is calculated. |
(22) |
Principal only security that entitles the holder to receive only principal payments on the underlying mortgages. |
(23) |
Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale. |
(24) |
Non-income producing security. |
(25) |
Restricted security (see Note 7). |
(26) |
Security (or a portion thereof) has been pledged to cover margin requirements on open financial futures contracts. |
(27) |
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.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centrally Cleared Forward Foreign Currency Exchange Contracts |
|
|
|
|
|
Currency Purchased |
|
|
Currency Sold |
|
|
Settlement Date |
|
Value/Unrealized Appreciation (Depreciation) |
|
|
|
|
|
|
|
EUR |
|
|
19,140 |
|
|
USD |
|
|
21,101 |
|
|
11/1/19 |
|
$ |
(192 |
) |
|
|
|
|
|
|
USD |
|
|
4,235,014 |
|
|
EUR |
|
|
3,841,527 |
|
|
11/1/19 |
|
|
38,476 |
|
|
|
|
|
|
|
USD |
|
|
44,131 |
|
|
EUR |
|
|
40,010 |
|
|
11/1/19 |
|
|
423 |
|
|
|
|
|
|
|
EUR |
|
|
273,518 |
|
|
USD |
|
|
306,969 |
|
|
1/22/20 |
|
|
(6,256 |
) |
|
|
|
|
|
|
EUR |
|
|
670,357 |
|
|
USD |
|
|
754,822 |
|
|
1/22/20 |
|
|
(17,813 |
) |
|
|
|
|
|
|
USD |
|
|
2,862,854 |
|
|
EUR |
|
|
2,513,204 |
|
|
1/22/20 |
|
|
99,769 |
|
|
|
|
|
$ |
114,407 |
|
|
|
|
|
|
|
|
49 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts |
|
|
|
|
|
|
|
Currency Purchased |
|
|
Currency Sold |
|
|
Counterparty |
|
Settlement Date |
|
|
Unrealized Appreciation |
|
|
Unrealized (Depreciation) |
|
|
|
|
|
|
|
|
|
USD |
|
|
2,663,619 |
|
|
EUR |
|
|
2,368,565 |
|
|
Standard Chartered Bank |
|
|
10/4/19 |
|
|
$ |
81,609 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
EUR |
|
|
200,000 |
|
|
USD |
|
|
218,920 |
|
|
State Street Bank and Trust Company |
|
|
10/7/19 |
|
|
|
— |
|
|
|
(847 |
) |
|
|
|
|
|
|
|
|
USD |
|
|
1,533,703 |
|
|
EUR |
|
|
1,341,245 |
|
|
Citibank, N.A. |
|
|
10/15/19 |
|
|
|
70,376 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
603,733 |
|
|
EUR |
|
|
538,236 |
|
|
Citibank, N.A. |
|
|
10/15/19 |
|
|
|
16,506 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
1,222,674 |
|
|
EUR |
|
|
1,111,133 |
|
|
Citibank, N.A. |
|
|
10/15/19 |
|
|
|
10,405 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
610,402 |
|
|
EUR |
|
|
548,185 |
|
|
State Street Bank and Trust Company |
|
|
10/15/19 |
|
|
|
12,320 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
EUR |
|
|
120,247 |
|
|
USD |
|
|
133,636 |
|
|
Citibank, N.A. |
|
|
10/25/19 |
|
|
|
— |
|
|
|
(2,345 |
) |
|
|
|
|
|
|
|
|
EUR |
|
|
272,686 |
|
|
USD |
|
|
302,328 |
|
|
Citibank, N.A. |
|
|
10/25/19 |
|
|
|
— |
|
|
|
(4,599 |
) |
|
|
|
|
|
|
|
|
EUR |
|
|
952,565 |
|
|
USD |
|
|
1,042,148 |
|
|
Goldman Sachs International |
|
|
10/25/19 |
|
|
|
— |
|
|
|
(2,099 |
) |
|
|
|
|
|
|
|
|
EUR |
|
|
2,248,318 |
|
|
USD |
|
|
2,494,250 |
|
|
Goldman Sachs International |
|
|
10/25/19 |
|
|
|
— |
|
|
|
(39,447 |
) |
|
|
|
|
|
|
|
|
EUR |
|
|
413,143 |
|
|
USD |
|
|
456,135 |
|
|
HSBC Bank USA, N.A. |
|
|
10/25/19 |
|
|
|
— |
|
|
|
(5,049 |
) |
|
|
|
|
|
|
|
|
EUR |
|
|
864,360 |
|
|
USD |
|
|
958,780 |
|
|
HSBC Bank USA, N.A. |
|
|
10/25/19 |
|
|
|
— |
|
|
|
(15,037 |
) |
|
|
|
|
|
|
|
|
EUR |
|
|
15,480 |
|
|
USD |
|
|
17,148 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
— |
|
|
|
(239 |
) |
|
|
|
|
|
|
|
|
EUR |
|
|
253,547 |
|
|
USD |
|
|
278,440 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
— |
|
|
|
(1,483 |
) |
|
|
|
|
|
|
|
|
EUR |
|
|
381,481 |
|
|
USD |
|
|
421,018 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
— |
|
|
|
(4,314 |
) |
|
|
|
|
|
|
|
|
EUR |
|
|
308,098 |
|
|
USD |
|
|
343,869 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
— |
|
|
|
(7,324 |
) |
|
|
|
|
|
|
|
|
EUR |
|
|
300,000 |
|
|
USD |
|
|
336,829 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
— |
|
|
|
(9,129 |
) |
|
|
|
|
|
|
|
|
EUR |
|
|
453,111 |
|
|
USD |
|
|
508,736 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
— |
|
|
|
(13,788 |
) |
|
|
|
|
|
|
|
|
GBP |
|
|
274,332 |
|
|
USD |
|
|
334,250 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
3,453 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
GBP |
|
|
244,639 |
|
|
USD |
|
|
301,026 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
125 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
GBP |
|
|
4,563 |
|
|
USD |
|
|
5,560 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
57 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
GBP |
|
|
100,302 |
|
|
USD |
|
|
125,438 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
— |
|
|
|
(1,966 |
) |
|
|
|
|
|
|
|
|
GBP |
|
|
258,788 |
|
|
USD |
|
|
321,962 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
— |
|
|
|
(3,393 |
) |
|
|
|
|
|
|
|
|
USD |
|
|
21,196,970 |
|
|
EUR |
|
|
18,905,779 |
|
|
Goldman Sachs International |
|
|
10/31/19 |
|
|
|
545,581 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
221,547 |
|
|
EUR |
|
|
200,000 |
|
|
JPMorgan Chase Bank, N.A. |
|
|
10/31/19 |
|
|
|
3,081 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
20,684,097 |
|
|
EUR |
|
|
18,454,597 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
525,548 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
1,242,798 |
|
|
EUR |
|
|
1,116,769 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
22,916 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
589,740 |
|
|
EUR |
|
|
524,944 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
16,327 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
561,495 |
|
|
EUR |
|
|
500,000 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
15,329 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
499,198 |
|
|
EUR |
|
|
443,848 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
14,369 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
336,897 |
|
|
EUR |
|
|
300,000 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
9,197 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
336,243 |
|
|
EUR |
|
|
300,000 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
8,543 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
774,069 |
|
|
EUR |
|
|
702,575 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
6,624 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
331,694 |
|
|
EUR |
|
|
297,818 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
6,378 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
184,738 |
|
|
EUR |
|
|
164,113 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
5,472 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
179,755 |
|
|
EUR |
|
|
159,912 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
5,078 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
141,288 |
|
|
EUR |
|
|
125,000 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
4,746 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
147,696 |
|
|
EUR |
|
|
132,131 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
3,365 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
305,694 |
|
|
EUR |
|
|
277,000 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
3,118 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
222,421 |
|
|
EUR |
|
|
200,824 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
3,055 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
221,375 |
|
|
EUR |
|
|
201,139 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
1,664 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
159,654 |
|
|
EUR |
|
|
144,869 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
1,409 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
136,758 |
|
|
EUR |
|
|
124,000 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
1,309 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
219,303 |
|
|
EUR |
|
|
200,000 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
837 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
5,227,158 |
|
|
GBP |
|
|
4,201,828 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
54,704 |
|
|
|
— |
|
|
|
|
|
|
|
|
50 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts (continued) |
|
|
|
|
|
|
|
Currency Purchased |
|
|
Currency Sold |
|
|
Counterparty |
|
Settlement Date |
|
|
Unrealized Appreciation |
|
|
Unrealized (Depreciation) |
|
|
|
|
|
|
|
|
|
USD |
|
|
1,762,641 |
|
|
GBP |
|
|
1,417,152 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
$
|
18,126 |
|
|
$
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
372,950 |
|
|
GBP |
|
|
295,922 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
8,670 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
308,753 |
|
|
GBP |
|
|
250,000 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
1,003 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
27,070 |
|
|
GBP |
|
|
22,072 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
— |
|
|
|
(101 |
) |
|
|
|
|
|
|
|
|
USD |
|
|
326,557 |
|
|
GBP |
|
|
267,125 |
|
|
State Street Bank and Trust Company |
|
|
10/31/19 |
|
|
|
— |
|
|
|
(2,274 |
) |
|
|
|
|
|
|
|
|
EUR |
|
|
15,000,000 |
|
|
USD |
|
|
16,461,510 |
|
|
JPMorgan Chase Bank, N.A. |
|
|
11/29/19 |
|
|
|
— |
|
|
|
(42,816 |
) |
|
|
|
|
|
|
|
|
USD |
|
|
753,664 |
|
|
CAD |
|
|
1,000,685 |
|
|
HSBC Bank USA, N.A. |
|
|
11/29/19 |
|
|
|
— |
|
|
|
(2,321 |
) |
|
|
|
|
|
|
|
|
USD |
|
|
16,451,160 |
|
|
EUR |
|
|
15,000,000 |
|
|
JPMorgan Chase Bank, N.A. |
|
|
11/29/19 |
|
|
|
32,466 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
10,968,620 |
|
|
EUR |
|
|
10,000,000 |
|
|
JPMorgan Chase Bank, N.A. |
|
|
11/29/19 |
|
|
|
22,824 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
588,595 |
|
|
EUR |
|
|
527,502 |
|
|
State Street Bank and Trust Company |
|
|
11/29/19 |
|
|
|
11,202 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
EUR |
|
|
10,000,000 |
|
|
USD |
|
|
10,992,740 |
|
|
JPMorgan Chase Bank, N.A. |
|
|
12/30/19 |
|
|
|
— |
|
|
|
(16,103 |
) |
|
|
|
|
|
|
|
|
USD |
|
|
11,088,975 |
|
|
EUR |
|
|
10,082,399 |
|
|
HSBC Bank USA, N.A. |
|
|
12/30/19 |
|
|
|
21,892 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
USD |
|
|
16,497,030 |
|
|
EUR |
|
|
15,000,000 |
|
|
JPMorgan Chase Bank, N.A. |
|
|
12/30/19 |
|
|
|
32,074 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,601,758 |
|
|
$ |
(174,674 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures Contracts |
|
|
|
|
|
|
|
Description |
|
Number of Contracts |
|
|
Position |
|
|
Expiration Date |
|
|
Notional Amount |
|
|
Value/Unrealized Appreciation (Depreciation) |
|
|
|
|
|
|
|
Interest Rate Futures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5-Year USD Deliverable Interest Rate Swap |
|
|
40 |
|
|
|
Short |
|
|
|
12/16/19 |
|
|
$ |
(4,004,688 |
) |
|
$ |
(14,375 |
) |
|
|
|
|
|
|
10-Year USD Deliverable Interest Rate Swap |
|
|
92 |
|
|
|
Short |
|
|
|
12/16/19 |
|
|
|
(9,142,500 |
) |
|
|
(72,594 |
) |
|
|
|
|
|
|
Euro-Bobl |
|
|
28 |
|
|
|
Short |
|
|
|
12/6/19 |
|
|
|
(4,139,849 |
) |
|
|
15,870 |
|
|
|
|
|
|
|
Euro-Bund |
|
|
1 |
|
|
|
Short |
|
|
|
12/6/19 |
|
|
|
(189,924 |
) |
|
|
(251 |
) |
|
|
|
|
|
|
U.S. 10-Year Treasury Note |
|
|
260 |
|
|
|
Long |
|
|
|
12/19/19 |
|
|
|
33,881,250 |
|
|
|
(387,969 |
) |
|
|
|
|
|
|
U.S. Long Treasury Bond |
|
|
28 |
|
|
|
Short |
|
|
|
12/19/19 |
|
|
|
(4,544,750 |
) |
|
|
95,375 |
|
|
|
|
|
|
|
U.S. Ultra-Long Treasury Bond |
|
|
14 |
|
|
|
Short |
|
|
|
12/19/19 |
|
|
|
(2,686,688 |
) |
|
|
83,672 |
|
|
|
|
|
|
|
U.S. Ultra-Long Treasury Bond |
|
|
318 |
|
|
|
Long |
|
|
|
12/19/19 |
|
|
|
61,026,188 |
|
|
|
823,249 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
542,977 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centrally Cleared Interest Rate Swaps |
|
|
|
|
|
|
|
|
|
Notional Amount (000’s omitted) |
|
Fund Pays/Receives Floating Rate |
|
|
Floating Rate |
|
Annual Fixed Rate |
|
Termination Date |
|
|
Value |
|
|
Unamortized Upfront Receipts (Payments) |
|
|
Unrealized Appreciation (Depreciation) |
|
|
|
|
|
|
|
|
|
|
EUR |
|
250 |
|
|
Receives |
|
|
6-month EURIBOR (pays semi-annually) |
|
(0.30)% (pays annually) |
|
|
7/23/24 |
|
|
$ |
(1,471 |
) |
|
$ |
— |
|
|
$ |
(1,471 |
) |
|
|
|
|
|
|
|
|
|
EUR |
|
1,177 |
|
|
Receives |
|
|
6-month EURIBOR (pays semi-annually) |
|
(0.53)% (pays annually) |
|
|
8/22/24 |
|
|
|
7,241 |
|
|
|
— |
|
|
|
7,241 |
|
|
|
|
|
|
|
|
|
|
EUR |
|
931 |
|
|
Receives |
|
|
6-month EURIBOR (pays semi-annually) |
|
1.06% (pays annually) |
|
|
10/16/28 |
|
|
|
(129,106 |
) |
|
|
(189 |
) |
|
|
(129,295 |
) |
|
|
|
|
|
|
|
51 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centrally Cleared Interest Rate Swaps (continued) |
|
|
|
|
|
|
|
|
|
Notional Amount (000’s omitted) |
|
Fund Pays/Receives Floating Rate |
|
|
Floating Rate |
|
Annual Fixed Rate |
|
Termination Date |
|
|
Value |
|
|
Unamortized Upfront Receipts (Payments) |
|
|
Unrealized Appreciation (Depreciation) |
|
|
|
|
|
|
|
|
|
|
EUR |
|
189 |
|
|
Receives |
|
|
6-month EURIBOR (pays semi-annually) |
|
0.11% (pays annually) |
|
|
7/23/29 |
|
|
$
|
(5,823 |
) |
|
$
|
2,112 |
|
|
$
|
(3,711 |
) |
|
|
|
|
|
|
|
|
|
EUR |
|
437 |
|
|
Receives |
|
|
6-month EURIBOR (pays semi-annually) |
|
0.11% (pays annually) |
|
|
7/23/29 |
|
|
|
(13,379 |
) |
|
|
1,179 |
|
|
|
(12,200 |
) |
|
|
|
|
|
|
|
|
|
EUR |
|
320 |
|
|
Receives |
|
|
6-month EURIBOR (pays semi-annually) |
|
(0.08)% (pays annually) |
|
|
8/6/29 |
|
|
|
(3,037 |
) |
|
|
— |
|
|
|
(3,037 |
) |
|
|
|
|
|
|
|
|
|
EUR |
|
307 |
|
|
Receives |
|
|
6-month EURIBOR (pays semi-annually) |
|
(0.05)% (pays annually) |
|
|
8/6/29 |
|
|
|
(3,864 |
) |
|
|
— |
|
|
|
(3,864 |
) |
|
|
|
|
|
|
|
|
|
EUR |
|
115 |
|
|
Receives |
|
|
6-month EURIBOR (pays semi-annually) |
|
(0.16)% (pays annually) |
|
|
9/12/29 |
|
|
|
70 |
|
|
|
— |
|
|
|
70 |
|
|
|
|
|
|
|
|
|
|
USD |
|
760 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.93% (pays semi-annually) |
|
|
11/3/20 |
|
|
|
(4,110 |
) |
|
|
— |
|
|
|
(4,110 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
100 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.96% (pays semi-annually) |
|
|
11/17/20 |
|
|
|
(649 |
) |
|
|
(102 |
) |
|
|
(751 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
550 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
2.68% (pays semi-annually) |
|
|
3/16/21 |
|
|
|
(7,638 |
) |
|
|
(140 |
) |
|
|
(7,778 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
650 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
2.68% (pays semi-annually) |
|
|
3/16/21 |
|
|
|
(9,037 |
) |
|
|
(144 |
) |
|
|
(9,181 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
1,855 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.95% (pays semi-annually) |
|
|
6/13/24 |
|
|
|
(45,307 |
) |
|
|
— |
|
|
|
(45,307 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
227 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.80% (pays semi-annually) |
|
|
7/23/24 |
|
|
|
(2,840 |
) |
|
|
— |
|
|
|
(2,840 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
707 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.64% (pays semi-annually) |
|
|
8/6/24 |
|
|
|
(3,536 |
) |
|
|
— |
|
|
|
(3,536 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
1,146 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.44% (pays semi-annually) |
|
|
9/26/24 |
|
|
|
3,816 |
|
|
|
— |
|
|
|
3,816 |
|
|
|
|
|
|
|
|
|
|
USD |
|
1,600 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.52% (pays semi-annually) |
|
|
9/27/24 |
|
|
|
(1,176 |
) |
|
|
— |
|
|
|
(1,176 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
240 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
2.86% (pays semi-annually) |
|
|
3/20/28 |
|
|
|
(25,119 |
) |
|
|
— |
|
|
|
(25,119 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
673 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
3.13% (pays semi-annually) |
|
|
9/28/28 |
|
|
|
(89,292 |
) |
|
|
— |
|
|
|
(89,292 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
573 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
3.12% (pays semi-annually) |
|
|
10/2/28 |
|
|
|
(80,878 |
) |
|
|
— |
|
|
|
(80,878 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
603 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
3.29% (pays semi-annually) |
|
|
11/13/28 |
|
|
|
(94,810 |
) |
|
|
— |
|
|
|
(94,810 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
1,185 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
3.25% (pays semi-annually) |
|
|
11/13/28 |
|
|
|
(181,803 |
) |
|
|
— |
|
|
|
(181,803 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
930 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
2.74% (pays semi-annually) |
|
|
1/31/29 |
|
|
|
(96,012 |
) |
|
|
— |
|
|
|
(96,012 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
1,954 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
2.63% (pays semi-annually) |
|
|
3/25/29 |
|
|
|
(184,361 |
) |
|
|
17,589 |
|
|
|
(166,772 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
5,222 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
2.09% (pays semi-annually) |
|
|
7/15/29 |
|
|
|
(242,286 |
) |
|
|
1,735 |
|
|
|
(240,551 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
427 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
2.03% (pays semi-annually) |
|
|
7/17/29 |
|
|
|
(17,522 |
) |
|
|
(382 |
) |
|
|
(17,904 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
410 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.35% (pays semi-annually) |
|
|
9/6/29 |
|
|
|
8,509 |
|
|
|
— |
|
|
|
8,509 |
|
|
|
|
|
|
|
|
52 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centrally Cleared Interest Rate Swaps (continued) |
|
|
|
|
|
|
|
|
|
Notional Amount (000’s omitted) |
|
Fund Pays/Receives Floating Rate |
|
|
Floating Rate |
|
Annual Fixed Rate |
|
Termination Date |
|
|
Value |
|
|
Unamortized Upfront Receipts (Payments) |
|
|
Unrealized Appreciation (Depreciation) |
|
|
|
|
|
|
|
|
|
|
USD |
|
300 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.46% (pays semi-annually) |
|
|
9/9/29 |
|
|
$
|
3,025 |
|
|
$
|
— |
|
|
$
|
3,025 |
|
|
|
|
|
|
|
|
|
|
USD |
|
1,383 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.47% (pays semi-annually) |
|
|
9/9/29 |
|
|
|
12,538 |
|
|
|
— |
|
|
|
12,538 |
|
|
|
|
|
|
|
|
|
|
USD |
|
61 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.49% (pays semi-annually) |
|
|
9/10/29 |
|
|
|
472 |
|
|
|
— |
|
|
|
472 |
|
|
|
|
|
|
|
|
|
|
USD |
|
1,969 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.66% (pays semi-annually) |
|
|
9/16/29 |
|
|
|
(15,357 |
) |
|
|
— |
|
|
|
(15,357 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
150 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.71% (pays semi-annually) |
|
|
9/19/29 |
|
|
|
(1,851 |
) |
|
|
— |
|
|
|
(1,851 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
120 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
2.87% (pays semi-annually) |
|
|
1/28/49 |
|
|
|
(31,997 |
) |
|
|
137 |
|
|
|
(31,860 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
1,280 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
2.88% (pays semi-annually) |
|
|
1/31/49 |
|
|
|
(344,106 |
) |
|
|
(659 |
) |
|
|
(344,765 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
945 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
2.21% (pays semi-annually) |
|
|
8/1/49 |
|
|
|
(107,961 |
) |
|
|
— |
|
|
|
(107,961 |
) |
|
|
|
|
|
|
|
|
|
USD |
|
148 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.70% (pays semi-annually) |
|
|
8/27/49 |
|
|
|
538 |
|
|
|
— |
|
|
|
538 |
|
|
|
|
|
|
|
|
|
|
USD |
|
128 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.71% (pays semi-annually) |
|
|
8/27/49 |
|
|
|
133 |
|
|
|
— |
|
|
|
133 |
|
|
|
|
|
|
|
|
|
|
USD |
|
160 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.65% (pays semi-annually) |
|
|
8/28/49 |
|
|
|
2,669 |
|
|
|
— |
|
|
|
2,669 |
|
|
|
|
|
|
|
|
|
|
USD |
|
320 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.57% (pays semi-annually) |
|
|
8/29/49 |
|
|
|
11,205 |
|
|
|
— |
|
|
|
11,205 |
|
|
|
|
|
|
|
|
|
|
USD |
|
85 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.54% (pays semi-annually) |
|
|
8/30/49 |
|
|
|
3,587 |
|
|
|
— |
|
|
|
3,587 |
|
|
|
|
|
|
|
|
|
|
USD |
|
274 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.65% (pays semi-annually) |
|
|
9/9/49 |
|
|
|
4,328 |
|
|
|
— |
|
|
|
4,328 |
|
|
|
|
|
|
|
|
|
|
USD |
|
88 |
|
|
Receives |
|
|
3-month USD-LIBOR (pays quarterly) |
|
1.70% (pays semi-annually) |
|
|
9/12/49 |
|
|
|
398 |
|
|
|
— |
|
|
|
398 |
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(1,685,799 |
) |
|
$ |
21,136 |
|
|
$ |
(1,664,663 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centrally Cleared Credit Default Swaps — Sell Protection |
|
|
|
|
|
|
|
|
|
|
Reference Entity |
|
|
|
Notional Amount* (000’s omitted) |
|
|
Contract Annual Fixed Rate** |
|
Termination Date |
|
|
Current Market Annual Fixed Rate*** |
|
|
Value |
|
|
Unamortized Upfront Receipts (Payments) |
|
|
Unrealized Appreciation (Depreciation) |
|
|
|
|
|
|
|
|
|
|
Brazil |
|
|
|
$ |
4,449 |
|
|
1.00% (pays quarterly)(1) |
|
|
6/20/24 |
|
|
|
1.23 |
% |
|
$ |
(44,915 |
) |
|
$ |
126,276 |
|
|
$ |
81,361 |
|
|
|
|
|
|
|
|
|
|
Mexico |
|
|
|
|
2,500 |
|
|
1.00% (pays quarterly)(1) |
|
|
12/20/24 |
|
|
|
1.16 |
|
|
|
(18,774 |
) |
|
|
12,218 |
|
|
|
(6,556 |
) |
|
|
|
|
|
|
|
|
|
Russia |
|
|
|
|
2,800 |
|
|
1.00% (pays quarterly)(1) |
|
|
12/20/24 |
|
|
|
0.87 |
|
|
|
19,434 |
|
|
|
(26,278 |
) |
|
|
(6,844 |
) |
|
|
|
|
|
|
|
|
|
Turkey |
|
|
|
|
1,200 |
|
|
1.00% (pays quarterly)(1) |
|
|
6/20/20 |
|
|
|
1.33 |
|
|
|
(2,471 |
) |
|
|
28,692 |
|
|
|
26,221 |
|
|
|
|
|
|
|
|
53 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Portfolio of Investments (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centrally Cleared Credit Default Swaps — Sell Protection (continued) |
|
|
|
|
|
|
|
|
|
|
Reference Entity |
|
|
|
Notional Amount* (000’s omitted) |
|
|
Contract Annual Fixed Rate** |
|
Termination Date |
|
|
Current Market Annual Fixed Rate*** |
|
|
Value |
|
|
Unamortized Upfront Receipts (Payments) |
|
|
Unrealized Appreciation (Depreciation) |
|
|
|
|
|
|
|
|
|
|
Turkey |
|
|
|
$
|
2,400 |
|
|
1.00% (pays quarterly)(1) |
|
|
12/20/24 |
|
|
|
3.53 |
%
|
|
$
|
(277,767 |
) |
|
$
|
302,452 |
|
|
$
|
24,685 |
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
$ |
13,349 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(324,493 |
) |
|
$ |
443,360 |
|
|
$ |
118,867 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Default Swaps — Sell Protection |
|
|
|
|
|
|
|
|
|
|
Reference Entity |
|
Counterparty |
|
|
Notional Amount* (000’s omitted) |
|
|
Contract Annual Fixed Rate** |
|
Termination Date |
|
Current Market Annual Fixed Rate*** |
|
|
Value |
|
|
Unamortized Upfront Receipts (Payments) |
|
|
Unrealized Appreciation
(Depreciation) |
|
|
|
|
|
|
|
|
|
|
Bahamas |
|
|
Deutsche Bank AG |
|
|
$ |
1,150 |
|
|
1.00% (pays quarterly)(1) |
|
6/20/22 |
|
|
2.10 |
% |
|
$ |
(32,558 |
) |
|
$ |
56,236 |
|
|
$ |
23,678 |
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
$ |
1,150 |
|
|
|
|
|
|
|
|
|
|
$ |
(32,558 |
) |
|
$ |
56,236 |
|
|
$ |
23,678 |
|
* |
If the Fund is the seller of credit protection, the notional amount is the maximum potential amount of future payments the Fund could be required to
make if a credit event, as defined in the credit default swap agreement, were to occur. At September 30, 2019, such maximum potential amount for all open credit default swaps in which the Fund is the seller was $14,499,000.
|
** |
The contract annual fixed rate represents the fixed rate of interest received by the Fund (as a seller of protection) on the notional amount of the
credit default swap contract. |
*** |
Current market annual fixed rates, utilized in determining the net unrealized appreciation or depreciation as of period end, serve as an indicator of
the market’s perception of the current status of the payment/performance risk associated with the credit derivative. The current market annual fixed rate of a particular reference entity reflects the cost, as quoted by the pricing vendor, of
selling protection against default of that entity as of period end and may include upfront payments required to be made to enter into the agreement. The higher the fixed rate, the greater the market perceived risk of a credit event involving the
reference entity. A rate identified as “Defaulted” indicates a credit event has occurred for the reference entity. |
(1) |
Upfront payment is exchanged with the counterparty as a result of the standardized trading coupon. |
Abbreviations:
|
|
|
|
|
|
|
|
CIDOR |
|
– |
|
Canada Three Month Interbank Rate |
|
|
|
CMT |
|
– |
|
Constant Maturity Treasury |
|
|
|
COF |
|
– |
|
Cost of Funds 11th District |
|
|
|
DIP |
|
– |
|
Debtor In Possession |
|
|
|
EURIBOR |
|
– |
|
Euro Interbank Offered Rate |
|
|
|
LIBOR |
|
– |
|
London Interbank Offered Rate |
|
|
|
PIK |
|
– |
|
Payment In Kind |
Currency Abbreviations:
|
|
|
|
|
|
|
|
CAD |
|
– |
|
Canadian Dollar |
|
|
|
EUR |
|
– |
|
Euro |
|
|
|
GBP |
|
– |
|
British Pound Sterling |
|
|
|
USD |
|
– |
|
United States Dollar |
|
|
|
|
|
|
|
54 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Statement of Assets and Liabilities (Unaudited)
|
|
|
|
|
Assets |
|
September 30, 2019 |
|
|
|
Unaffiliated investments, at value (identified cost, $2,580,959,921) |
|
$ |
2,558,711,465 |
|
|
|
Affiliated investment, at value (identified cost, $28,557,876) |
|
|
28,557,884 |
|
|
|
Cash |
|
|
8,422,814 |
|
|
|
Deposits for derivatives collateral — |
|
|
|
|
|
|
Financial futures contracts |
|
|
2,843,095 |
|
|
|
Centrally cleared derivatives |
|
|
5,700,443 |
|
|
|
OTC derivatives |
|
|
580,000 |
|
|
|
Deposits for reverse repurchase agreements |
|
|
510,069 |
|
|
|
Foreign currency, at value (identified cost, $1,581,473) |
|
|
1,578,708 |
|
|
|
Interest and dividends receivable |
|
|
20,887,499 |
|
|
|
Dividends receivable from affiliated investment |
|
|
56,202 |
|
|
|
Receivable for investments sold |
|
|
5,779,960 |
|
|
|
Receivable for variation margin on open financial futures contracts |
|
|
908 |
|
|
|
Receivable for open forward foreign currency exchange contracts |
|
|
1,601,758 |
|
|
|
Receivable for open swap contracts |
|
|
23,678 |
|
|
|
Tax reclaims receivable |
|
|
12,295 |
|
|
|
Prepaid upfront fees on notes payable |
|
|
1,156,687 |
|
|
|
Prepaid expenses |
|
|
65,034 |
|
|
|
Other receivables |
|
|
147,855 |
|
|
|
Total assets |
|
$ |
2,636,636,354 |
|
|
|
Liabilities |
|
|
|
|
|
|
Notes payable |
|
$ |
620,000,000 |
|
|
|
Cash collateral due to brokers |
|
|
580,000 |
|
|
|
Payable for reverse repurchase agreements, including accrued interest of $68,446 |
|
|
93,493,101 |
|
|
|
Payable for investments purchased |
|
|
13,650,342 |
|
|
|
Payable for when-issued securities |
|
|
8,715,080 |
|
|
|
Payable for variation margin on open centrally cleared derivatives |
|
|
186,690 |
|
|
|
Payable for open forward foreign currency exchange contracts |
|
|
174,674 |
|
|
|
Upfront receipts on open non-centrally cleared swap contracts |
|
|
56,236 |
|
|
|
Payable to affiliate: |
|
|
|
|
|
|
Investment adviser fee |
|
|
1,583,046 |
|
|
|
Accrued expenses |
|
|
2,682,405 |
|
|
|
Total liabilities |
|
$ |
741,121,574 |
|
|
|
Auction preferred shares (8,640 shares outstanding) at liquidation value plus cumulative unpaid
dividends |
|
$ |
216,072,283 |
|
|
|
Net assets applicable to common shares |
|
$ |
1,679,442,497 |
|
|
|
Sources of Net Assets |
|
|
|
|
|
|
Common shares, $0.01 par value, unlimited number of shares authorized, 116,147,018 shares issued and outstanding |
|
$ |
1,161,470 |
|
|
|
Additional paid-in capital |
|
|
1,811,067,151 |
|
|
|
Accumulated loss |
|
|
(132,786,124 |
) |
|
|
Net assets applicable to common shares |
|
$ |
1,679,442,497 |
|
|
|
Net Asset Value Per Common Share |
|
|
|
|
|
|
($1,679,442,497 ÷ 116,147,018 common shares issued and outstanding) |
|
$ |
14.46 |
|
|
|
|
|
|
|
|
55 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Statement of Operations (Unaudited)
|
|
|
|
|
Investment Income |
|
Six Months Ended September 30, 2019 |
|
|
|
Interest and other income |
|
$ |
65,600,528 |
|
|
|
Dividends |
|
|
1,988,954 |
|
|
|
Dividends from affiliated investment |
|
|
409,575 |
|
|
|
Total investment income |
|
$ |
67,999,057 |
|
|
|
Expenses |
|
|
|
|
|
|
Investment adviser fee |
|
$ |
9,675,455 |
|
|
|
Trustees’ fees and expenses |
|
|
54,250 |
|
|
|
Custodian fee |
|
|
330,857 |
|
|
|
Transfer and dividend disbursing agent fees |
|
|
9,426 |
|
|
|
Legal and accounting services |
|
|
15,981 |
|
|
|
Printing and postage |
|
|
83,092 |
|
|
|
Interest expense and fees |
|
|
12,100,187 |
|
|
|
Preferred shares service fee |
|
|
113,612 |
|
|
|
Miscellaneous |
|
|
116,052 |
|
|
|
Total expenses |
|
$ |
22,498,912 |
|
|
|
Net investment income |
|
$ |
45,500,145 |
|
|
|
Realized and Unrealized Gain (Loss) |
|
|
|
|
|
|
Net realized gain (loss) — |
|
|
|
|
|
|
Investment transactions |
|
$ |
(6,094,576 |
) |
|
|
Investment transactions — affiliated investment |
|
|
(9,356 |
) |
|
|
Financial futures contracts |
|
|
(8,316,511 |
) |
|
|
Swap contracts |
|
|
(2,160,266 |
) |
|
|
Foreign currency transactions |
|
|
89,392 |
|
|
|
Forward foreign currency exchange contracts |
|
|
4,088,820 |
|
|
|
Net realized loss |
|
$ |
(12,402,497 |
) |
|
|
Change in unrealized appreciation (depreciation) — |
|
|
|
|
|
|
Investments |
|
$ |
17,543,501 |
|
|
|
Investments — affiliated investment |
|
|
31 |
|
|
|
Financial futures contracts |
|
|
2,516,795 |
|
|
|
Swap contracts |
|
|
(55,451 |
) |
|
|
Foreign currency |
|
|
(72,380 |
) |
|
|
Forward foreign currency exchange contracts |
|
|
153,088 |
|
|
|
Net change in unrealized appreciation (depreciation) |
|
$ |
20,085,584 |
|
|
|
Net realized and unrealized gain |
|
$ |
7,683,087 |
|
|
|
Distributions to preferred shareholders |
|
$ |
(3,766,475 |
) |
|
|
Net increase in net assets from operations |
|
$ |
49,416,757 |
|
|
|
|
|
|
|
|
56 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Statements of Changes in Net Assets
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Net Assets |
|
Six Months Ended September 30, 2019 (Unaudited) |
|
|
Year Ended March 31, 2019 |
|
|
|
|
From operations — |
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
$ |
45,500,145 |
|
|
$ |
95,904,037 |
|
|
|
|
Net realized loss |
|
|
(12,402,497 |
) |
|
|
(3,713,929 |
) |
|
|
|
Net change in unrealized appreciation (depreciation) |
|
|
20,085,584 |
|
|
|
(27,735,781 |
) |
|
|
|
Distributions to preferred shareholders |
|
|
(3,766,475 |
) |
|
|
(7,666,504 |
) |
|
|
|
Discount on redemption and repurchase of auction preferred shares |
|
|
— |
|
|
|
4,050,000 |
|
|
|
|
Net increase in net assets from operations |
|
$ |
49,416,757 |
|
|
$ |
60,837,823 |
|
|
|
|
Distributions to common shareholders |
|
$ |
(48,433,307 |
) |
|
$ |
(94,961,802 |
) |
|
|
|
Net increase (decrease) in net assets |
|
$ |
983,450 |
|
|
$ |
(34,123,979 |
) |
|
|
|
Net Assets Applicable to Common Shares |
|
|
|
|
|
|
|
|
|
|
|
At beginning of period |
|
$ |
1,678,459,047 |
|
|
$ |
1,712,583,026 |
|
|
|
|
At end of period |
|
$ |
1,679,442,497 |
|
|
$ |
1,678,459,047 |
|
|
|
|
|
|
|
|
57 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Statement of Cash Flows (Unaudited)
|
|
|
|
|
Cash Flows From Operating Activities |
|
Six Months Ended September 30, 2019 |
|
|
|
Net increase in net assets from operations |
|
$ |
49,416,757 |
|
|
|
Distributions to preferred shareholders |
|
|
3,766,475 |
|
|
|
Net increase in net assets from operations excluding distributions to preferred shareholders |
|
$ |
53,183,232 |
|
|
|
Adjustments to reconcile net increase in net assets from operations to net cash provided by operating activities: |
|
|
|
|
|
|
Investments purchased |
|
|
(524,417,003 |
) |
|
|
Investments sold and principal repayments |
|
|
496,080,229 |
|
|
|
Decrease in short-term investments, net |
|
|
15,041,623 |
|
|
|
Net amortization/accretion of premium (discount) |
|
|
9,341,076 |
|
|
|
Amortization of prepaid upfront fees on notes payable |
|
|
258,259 |
|
|
|
Increase in interest and dividends receivable |
|
|
(176,518 |
) |
|
|
Decrease in dividends receivable from affiliated investment |
|
|
21,153 |
|
|
|
Decrease in receivable for variation margin on open financial futures contracts |
|
|
311,863 |
|
|
|
Decrease in receivable for variation margin on open centrally cleared swap contracts |
|
|
106,440 |
|
|
|
Increase in receivable for open forward foreign currency exchange contracts |
|
|
(155,873 |
) |
|
|
Decrease in receivable for open swap contracts |
|
|
35,062 |
|
|
|
Increase in tax reclaims receivable |
|
|
(9,675 |
) |
|
|
Decrease in prepaid expenses |
|
|
7,659 |
|
|
|
Increase in other receivables |
|
|
(147,855 |
) |
|
|
Increase in cash collateral due to brokers |
|
|
140,000 |
|
|
|
Increase in payable for variation margin on open centrally cleared derivatives |
|
|
186,690 |
|
|
|
Increase in payable for open forward foreign currency exchange contracts |
|
|
117,192 |
|
|
|
Decrease in payable for open swap contracts |
|
|
(16,632 |
) |
|
|
Decrease in upfront receipts on open non-centrally cleared swap contracts |
|
|
(27,644 |
) |
|
|
Decrease in payable to affiliate for investment adviser fee |
|
|
(75,025 |
) |
|
|
Decrease in accrued expenses |
|
|
(304,936 |
) |
|
|
Decrease in accrued interest on reverse repurchase agreements |
|
|
(89,148 |
) |
|
|
Increase in unfunded loan commitments |
|
|
462,976 |
|
|
|
Net change in unrealized (appreciation) depreciation from investments |
|
|
(17,543,532 |
) |
|
|
Net realized loss from investments |
|
|
6,103,932 |
|
|
|
Net cash provided by operating activities |
|
$ |
38,433,545 |
|
|
|
Cash Flows From Financing Activities |
|
|
|
|
|
|
Cash distributions paid to common shareholders |
|
$ |
(48,433,307 |
) |
|
|
Cash distributions paid to preferred shareholders |
|
|
(3,796,244 |
) |
|
|
Proceeds from notes payable |
|
|
155,000,000 |
|
|
|
Repayments of notes payable |
|
|
(130,000,000 |
) |
|
|
Repayments of reverse repurchase agreements, net |
|
|
(11,250,081 |
) |
|
|
Net cash used in financing activities |
|
$ |
(38,479,632 |
) |
|
|
Net decrease in cash and restricted cash* |
|
$ |
(46,087 |
) |
|
|
Cash and restricted cash at beginning of period (including foreign currency) |
|
$ |
19,681,216 |
|
|
|
Cash and restricted cash at end of period (including foreign currency) |
|
$ |
19,635,129 |
|
|
|
Supplemental disclosure of cash flow information: |
|
|
|
|
|
|
Cash paid for interest and fees on borrowings and reverse repurchase agreements |
|
$ |
12,166,752 |
|
* |
Includes net change in unrealized appreciation (depreciation) on foreign currency of $(9,012). |
|
|
|
|
|
|
|
58 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Statement of Cash Flows (Unaudited) — continued
The following table provides a reconciliation of cash and restricted cash reported within the Statement of Assets and Liabilities that sum to the total of such amounts shown on the Statement of Cash Flows.
|
|
|
|
|
|
|
September 30, 2019 |
|
|
|
Cash |
|
$ |
8,422,814 |
|
|
|
Deposit for derivatives collateral — |
|
|
|
|
|
|
Financial futures contracts |
|
|
2,843,095 |
|
|
|
Centrally cleared derivatives |
|
|
5,700,443 |
|
|
|
OTC derivatives |
|
|
580,000 |
|
|
|
Deposits for reverse repurchase agreements |
|
|
510,069 |
|
|
|
Foreign currency |
|
|
1,578,708 |
|
|
|
Total cash and restricted cash as shown on the Statement of Cash Flows |
|
$ |
19,635,129 |
|
|
|
|
|
|
|
|
59 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Financial Highlights
Selected data for a common share outstanding during the
periods stated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended September 30, 2019 (Unaudited) |
|
|
Year Ended March 31, |
|
|
|
2019 |
|
|
2018 |
|
|
2017 |
|
|
2016 |
|
|
2015 |
|
|
|
|
|
|
|
|
Net asset value — Beginning of period (Common shares) |
|
$ |
14.450 |
|
|
$ |
14.740 |
|
|
$ |
15.110 |
|
|
$ |
14.510 |
|
|
$ |
16.010 |
|
|
$ |
16.600 |
|
|
|
|
|
|
|
|
Income (Loss) From Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income(1) |
|
$ |
0.392 |
|
|
$ |
0.826 |
|
|
$ |
0.808 |
|
|
$ |
0.899 |
|
|
$ |
0.979 |
|
|
$ |
1.044 |
|
|
|
|
|
|
|
|
Net realized and unrealized gain (loss) |
|
|
0.067 |
|
|
|
(0.267 |
) |
|
|
(0.168 |
) |
|
|
0.834 |
|
|
|
(1.278 |
) |
|
|
(0.411 |
) |
|
|
|
|
|
|
|
Distributions to preferred shareholders — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From net investment income(1) |
|
|
(0.032 |
) |
|
|
(0.066 |
) |
|
|
(0.043 |
) |
|
|
(0.018 |
) |
|
|
(0.007 |
) |
|
|
(0.003 |
) |
|
|
|
|
|
|
|
Discount on redemption and repurchase of auction preferred shares(1) |
|
|
— |
|
|
|
0.035 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
Total income (loss) from operations |
|
$ |
0.427 |
|
|
$ |
0.528 |
|
|
$ |
0.597 |
|
|
$ |
1.715 |
|
|
$ |
(0.306 |
) |
|
$ |
0.630 |
|
|
|
|
|
|
|
|
Less Distributions to Common Shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From net investment income |
|
$ |
(0.417 |
) |
|
$ |
(0.818 |
) |
|
$ |
(0.818 |
) |
|
$ |
(0.991 |
) |
|
$ |
(1.114 |
) |
|
$ |
(1.197 |
) |
|
|
|
|
|
|
|
Tax return of capital |
|
|
— |
|
|
|
— |
|
|
|
(0.149 |
) |
|
|
(0.124 |
) |
|
|
(0.106 |
) |
|
|
(0.023 |
) |
|
|
|
|
|
|
|
Total distributions to common shareholders |
|
$ |
(0.417 |
) |
|
$ |
(0.818 |
) |
|
$ |
(0.967 |
) |
|
$ |
(1.115 |
) |
|
$ |
(1.220 |
) |
|
$ |
(1.220 |
) |
|
|
|
|
|
|
|
Anti-dilutive effect of share repurchase program (see Note 6)(1) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
0.026 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
Net asset value — End of period (Common shares) |
|
$ |
14.460 |
|
|
$ |
14.450 |
|
|
$ |
14.740 |
|
|
$ |
15.110 |
|
|
$ |
14.510 |
|
|
$ |
16.010 |
|
|
|
|
|
|
|
|
Market value — End of period (Common shares) |
|
$ |
12.500 |
|
|
$ |
12.650 |
|
|
$ |
13.020 |
|
|
$ |
13.830 |
|
|
$ |
13.180 |
|
|
$ |
14.390 |
|
|
|
|
|
|
|
|
Total Investment Return on Net Asset Value(2) |
|
|
3.42 |
%(3) |
|
|
4.57 |
%(4) |
|
|
4.72 |
% |
|
|
12.99 |
% |
|
|
(0.62 |
)% |
|
|
4.73 |
% |
|
|
|
|
|
|
|
Total Investment Return on Market Value(2) |
|
|
2.13 |
%(3) |
|
|
3.70 |
% |
|
|
0.99 |
% |
|
|
13.85 |
% |
|
|
0.44 |
% |
|
|
2.47 |
% |
|
|
|
|
|
|
|
60 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Financial Highlights — continued
Selected data for a common share outstanding during the
periods stated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended September 30, 2019 (Unaudited) |
|
|
Year Ended March 31, |
|
Ratios/Supplemental Data |
|
2019 |
|
|
2018 |
|
|
2017 |
|
|
2016 |
|
|
2015 |
|
|
|
|
|
|
|
|
Net assets applicable to common shares, end of period (000’s omitted) |
|
$ |
1,679,442 |
|
|
$ |
1,678,459 |
|
|
$ |
1,712,583 |
|
|
$ |
1,755,135 |
|
|
$ |
1,685,016 |
|
|
$ |
1,881,988 |
|
|
|
|
|
|
|
|
Ratios (as a percentage of average daily net assets applicable to common shares):(5)† |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses excluding interest and fees(6) |
|
|
1.23 |
%(7) |
|
|
1.31 |
% |
|
|
1.30 |
% |
|
|
1.32 |
% |
|
|
1.37 |
% |
|
|
1.35 |
% |
|
|
|
|
|
|
|
Interest and fee expense(8) |
|
|
1.44 |
%(7) |
|
|
1.43 |
% |
|
|
1.00 |
% |
|
|
0.73 |
% |
|
|
0.63 |
% |
|
|
0.54 |
% |
|
|
|
|
|
|
|
Total expenses(6) |
|
|
2.67 |
%(7) |
|
|
2.74 |
% |
|
|
2.30 |
% |
|
|
2.05 |
% |
|
|
2.00 |
% |
|
|
1.89 |
% |
|
|
|
|
|
|
|
Net investment income |
|
|
5.40 |
%(7) |
|
|
5.71 |
% |
|
|
5.36 |
% |
|
|
6.01 |
% |
|
|
6.49 |
% |
|
|
6.44 |
% |
|
|
|
|
|
|
|
Portfolio Turnover |
|
|
19 |
%(3) |
|
|
34 |
% |
|
|
43 |
% |
|
|
45 |
% |
|
|
33 |
% |
|
|
35 |
% |
|
|
|
|
|
|
|
Senior Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total notes payable outstanding (in 000’s) |
|
$ |
620,000 |
|
|
$ |
595,000 |
|
|
$ |
663,000 |
|
|
$ |
585,000 |
|
|
$ |
660,000 |
|
|
$ |
803,200 |
|
|
|
|
|
|
|
|
Asset coverage per $1,000 of notes payable(9) |
|
$ |
4,057 |
|
|
$ |
4,184 |
|
|
$ |
3,985 |
|
|
$ |
4,456 |
|
|
$ |
3,957 |
|
|
$ |
3,675 |
|
|
|
|
|
|
|
|
Total preferred shares outstanding |
|
|
8,640 |
|
|
|
8,640 |
|
|
|
10,665 |
|
|
|
10,665 |
|
|
|
10,665 |
|
|
|
10,665 |
|
|
|
|
|
|
|
|
Asset coverage per preferred share(10) |
|
$ |
75,225 |
|
|
$ |
76,744 |
|
|
$ |
71,059 |
|
|
$ |
76,524 |
|
|
$ |
70,461 |
|
|
$ |
68,979 |
|
|
|
|
|
|
|
|
Involuntary liquidation preference per preferred
share(11) |
|
$ |
25,000 |
|
|
$ |
25,000 |
|
|
$ |
25,000 |
|
|
$ |
25,000 |
|
|
$ |
25,000 |
|
|
$ |
25,000 |
|
|
|
|
|
|
|
|
Approximate market value per preferred share(11) |
|
$ |
25,000 |
|
|
$ |
25,000 |
|
|
$ |
25,000 |
|
|
$ |
25,000 |
|
|
$ |
25,000 |
|
|
$ |
25,000 |
|
(1) |
Computed using average common shares outstanding. |
(2) |
Returns are historical and are calculated by determining the percentage change in net asset value or market value with all distributions reinvested.
Distributions are assumed to be reinvested at prices obtained under the Fund’s dividend reinvestment plan. |
(4) |
The total return based on net asset value reflects the impact of the tender and repurchase by the Fund of a portion of its Auction Preferred Shares at 92% of the
per share liquidation preference. Absent this transaction, the total return based on net asset value would have been 4.31%. |
(5) |
Ratios do not reflect the effect of dividend payments to preferred shareholders. |
(6) |
Excludes the effect of custody fee credits, if any, of less than 0.005%. Effective September 1, 2015, custody fee credits, which were earned on cash deposit
balances, were discontinued by the custodian. |
(8) |
Interest and fee expense relates to the notes payable, a portion of which was incurred to partially redeem the Fund’s Auction Preferred Shares (see Note 2),
and the reverse repurchase agreements (see Note 10). |
(9) |
Calculated by subtracting the Fund’s total liabilities (not including the notes payable and preferred shares) from the Fund’s total assets, and
dividing the result by the notes payable balance in thousands. |
(10) |
Calculated by subtracting the Fund’s total liabilities (not including the notes payable and preferred shares) from the Fund’s total assets, dividing
the result by the sum of the value of the notes payable and liquidation value of the preferred shares, and multiplying the result by the liquidation value of one preferred share. Such amount equates to 301%, 307%, 284%, 306%, 282% and 276% at
September 30, 2019 and March 31, 2019, 2018, 2017, 2016 and 2015, respectively. |
(11) |
Plus accumulated and unpaid dividends. |
† |
Ratios based on net assets applicable to common shares plus preferred shares and borrowings are presented below. Ratios do not reflect the effect of
dividend payments to preferred shareholders and exclude the effect of custody fee credits, if any. Ratios for periods less than one year are annualized. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended September 30, 2019 (Unaudited) |
|
|
Year Ended March 31, |
|
|
|
2019 |
|
|
2018 |
|
|
2017 |
|
|
2016 |
|
|
2015 |
|
|
|
|
|
|
|
|
Expenses excluding interest and fees |
|
|
0.84 |
% |
|
|
0.87 |
% |
|
|
0.87 |
% |
|
|
0.87 |
% |
|
|
0.88 |
% |
|
|
0.86 |
% |
|
|
|
|
|
|
|
Interest and fee expense |
|
|
0.98 |
% |
|
|
0.95 |
% |
|
|
0.67 |
% |
|
|
0.49 |
% |
|
|
0.40 |
% |
|
|
0.34 |
% |
|
|
|
|
|
|
|
Total expenses |
|
|
1.82 |
% |
|
|
1.82 |
% |
|
|
1.54 |
% |
|
|
1.36 |
% |
|
|
1.28 |
% |
|
|
1.20 |
% |
|
|
|
|
|
|
|
Net investment income |
|
|
3.67 |
% |
|
|
3.79 |
% |
|
|
3.58 |
% |
|
|
3.99 |
% |
|
|
4.15 |
% |
|
|
4.10 |
% |
|
|
|
|
|
|
|
61 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Notes to Financial Statements (Unaudited)
1 Significant Accounting Policies
Eaton Vance Limited Duration Income Fund (the Fund) is a
Massachusetts business trust registered under the Investment Company Act of 1940, as amended (the 1940 Act), as a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide a high level of
current income. The Fund may, as a secondary objective, also seek capital appreciation to the extent it is consistent with its primary objective.
The
following is a summary of significant accounting policies of the Fund. The policies are in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). The Fund is an investment company and follows accounting
and reporting guidance in the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946.
A Investment Valuation — The following methodologies are used to determine the
market value or fair value of investments.
Senior Floating-Rate Loans. Interests in senior floating-rate loans (Senior Loans) for which reliable
market quotations are readily available are valued generally at the average mean of bid and ask quotations obtained from a third party pricing service. Other Senior Loans are valued at fair value by the investment adviser under procedures approved
by the Trustees. In fair valuing a Senior Loan, the investment adviser utilizes one or more of the valuation techniques described in (i) through (iii) below to assess the likelihood that the borrower will make a full repayment of the loan
underlying such Senior Loan relative to yields on other Senior Loans issued by companies of comparable credit quality. If the investment adviser believes that there is a reasonable likelihood of full repayment, the investment adviser will determine
fair value using a matrix pricing approach that considers the yield on the Senior Loan. If the investment adviser believes there is not a reasonable likelihood of full repayment, the investment adviser will determine fair value using analyses that
include, but are not limited to: (i) a comparison of the value of the borrower’s outstanding equity and debt to that of comparable public companies; (ii) a discounted cash flow analysis; or (iii) when the investment adviser
believes it is likely that a borrower will be liquidated or sold, an analysis of the terms of such liquidation or sale. In certain cases, the investment adviser will use a combination of analytical methods to determine fair value, such as when only
a portion of a borrower’s assets are likely to be sold. In conducting its assessment and analyses for purposes of determining fair value of a Senior Loan, the investment adviser will use its discretion and judgment in considering and appraising
relevant factors. Fair value determinations are made by the portfolio managers of the Fund based on information available to such managers. The portfolio managers of other funds managed by the investment adviser that invest in Senior Loans may not
possess the same information about a Senior Loan borrower as the portfolio managers of the Fund. At times, the fair value of a Senior Loan determined by the portfolio managers of other funds managed by the investment adviser that invest in Senior
Loans may vary from the fair value of the same Senior Loan determined by the portfolio managers of the Fund. The fair value of each Senior Loan is periodically reviewed and approved by the investment adviser’s Valuation Committee and by the
Trustees based upon procedures approved by the Trustees. Junior Loans (i.e., subordinated loans and second lien loans) are valued in the same manner as Senior Loans.
Debt Obligations. Debt obligations are generally valued on the basis of valuations provided by third party pricing services, as derived from such services’ pricing models. Inputs to the models may
include, but are not limited to, reported trades, executable bid and ask prices, broker/dealer quotations, prices or yields of securities with similar characteristics, interest rates, anticipated prepayments, benchmark curves or information
pertaining to the issuer, as well as industry and economic events. The pricing services may use a matrix approach, which considers information regarding securities with similar characteristics to determine the valuation for a security. Short-term
debt obligations purchased with a remaining maturity of sixty days or less for which a valuation from a third party pricing service is not readily available may be valued at amortized cost, which approximates fair value.
Equity Securities. Equity securities listed on a U.S. securities exchange generally are valued at the last sale or closing price on the day of valuation or,
if no sales took place on such date, at the mean between the closing bid and ask prices on the exchange where such securities are principally traded. Equity securities listed on the NASDAQ Global or Global Select Market generally are valued at the
NASDAQ official closing price. Unlisted or listed securities for which closing sales prices or closing quotations are not available are valued at the mean between the latest available bid and ask prices or, in the case of preferred equity securities
that are not listed or traded in the over-the-counter market, by a third party pricing service that uses various techniques that consider factors including, but not limited to, prices or yields of securities with similar characteristics, benchmark
yields, broker/dealer quotes, quotes of underlying common stock, issuer spreads, as well as industry and economic events.
Derivatives. Financial
futures contracts are valued at the closing settlement price established by the board of trade or exchange on which they are traded. Forward foreign currency exchange contracts are generally valued at the mean of the average bid and average ask
prices that are reported by currency dealers to a third party pricing service at the valuation time. Such third party pricing service valuations are supplied for specific settlement periods and the Fund’s forward foreign currency exchange
contracts are valued at an interpolated rate between the closest preceding and subsequent settlement period reported by the third party pricing service. Swaps are normally valued using valuations provided by a third party pricing service. Such
pricing service valuations are based on the present value of fixed and projected floating rate cash flows over the term of the swap contract, and in the case of credit default swaps, based on credit spread quotations obtained from broker/dealers and
expected default recovery rates determined by the pricing service using proprietary models. Future cash flows on swaps are discounted to their present value using swap rates provided by electronic data services or by broker/dealers.
Foreign Securities and Currencies. Foreign securities and currencies are valued in U.S. dollars, based on foreign currency exchange rate quotations supplied
by a third party pricing service. The pricing service uses a proprietary model to determine the exchange rate. Inputs to the model include reported trades and implied bid/ask spreads. The daily valuation of exchange-traded foreign securities
generally is determined as of the close of trading on the principal exchange on which such securities trade. Events occurring after the close of trading on foreign exchanges may result in adjustments to the valuation of foreign securities to more
accurately reflect their fair value as of the close of regular trading on the New York Stock Exchange. When valuing foreign equity securities that meet certain criteria, the Fund’s Trustees have approved the use of a fair value service that
values such securities to reflect
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Notes to Financial Statements (Unaudited) — continued
market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that have a strong correlation to the fair-valued securities.
Affiliated Fund. The Fund may invest in Eaton Vance Cash Reserves Fund, LLC (Cash Reserves Fund), an affiliated investment company managed by Eaton Vance
Management (EVM). While Cash Reserves Fund is not a registered money market mutual fund, it conducts all of its investment activities in accordance with the requirements of Rule 2a-7 under the 1940 Act. Investments in Cash Reserves Fund are valued
at the closing net asset value per unit on the valuation day. Cash Reserves Fund generally values its investment securities based on available market quotations provided by a third party pricing service.
Fair Valuation. Investments for which valuations or market quotations are not readily available or are deemed unreliable are valued at fair value using
methods determined in good faith by or at the direction of the Trustees of the Fund in a manner that most fairly reflects the security’s “fair value”, which is the amount that the Fund might reasonably expect to receive for the
security upon its current sale in the ordinary course. Each such determination is based on a consideration of relevant factors, which are likely to vary from one pricing context to another. These factors may include, but are not limited to, the type
of security, the existence of any contractual restrictions on the security’s disposition, the price and extent of public trading in similar securities of the issuer or of comparable companies or entities, quotations or relevant information
obtained from broker/dealers or other market participants, information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities), an analysis of the company’s or entity’s financial
statements, and an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold.
B Investment Transactions — Investment transactions for financial statement purposes
are accounted for on a trade date basis. Realized gains and losses on investments sold are determined on the basis of identified cost.
C Income — Interest income is recorded on the basis of interest accrued, adjusted
for amortization of premium or accretion of discount. Fees associated with loan amendments are recognized immediately. Dividend income is recorded on the ex-dividend date for dividends received in cash and/or securities. Distributions from
investment companies are recorded as dividend income, capital gains or return of capital based on the nature of the distribution.
D Federal Taxes — The Fund’s policy is to comply with the provisions of the
Internal Revenue Code applicable to regulated investment companies and to distribute to shareholders each year substantially all of its net investment income, and all or substantially all of its net realized capital gains. Accordingly, no provision
for federal income or excise tax is necessary.
As of September 30, 2019, the Fund had no uncertain tax positions that would require financial
statement recognition, de-recognition, or disclosure. The Fund files a U.S. federal income tax return annually after its fiscal year-end, which is subject to examination by the Internal Revenue Service for a period of three years from the date of
filing.
E Foreign Currency Translation — Investment valuations, other
assets, and liabilities initially expressed in foreign currencies are translated each business day into U.S. dollars based upon current exchange rates. Purchases and sales of foreign investment securities and income and expenses denominated in
foreign currencies are translated into U.S. dollars based upon currency exchange rates in effect on the respective dates of such transactions. Recognized gains or losses on investment transactions attributable to changes in foreign currency exchange
rates are recorded for financial statement purposes as net realized gains and losses on investments. That portion of unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately
disclosed.
F Unfunded Loan Commitments — The Fund may enter into certain
loan agreements all or a portion of which may be unfunded. The Fund is obligated to fund these commitments at the borrower’s discretion. These commitments are disclosed in the accompanying Portfolio of Investments. At September 30, 2019,
the Fund had sufficient cash and/or securities to cover these commitments.
G Use of Estimates — The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the
financial statements and the reported amounts of income and expense during the reporting period. Actual results could differ from those estimates.
H Indemnifications — Under the Fund’s organizational documents, its officers and Trustees may be indemnified against certain
liabilities and expenses arising out of the performance of their duties to the Fund. Under Massachusetts law, if certain conditions prevail, shareholders of a Massachusetts business trust (such as the Fund) could be deemed to have personal liability
for the obligations of the Fund. However, the Fund’s Declaration of Trust contains an express disclaimer of liability on the part of Fund shareholders and the By-laws provide that the Fund shall assume, upon request by the shareholder, the
defense on behalf of any Fund shareholders. Moreover, the By-laws also provide for indemnification out of Fund property of any shareholder held personally liable solely by reason of being or having been a shareholder for all loss or expense arising
from such liability. Additionally, in the normal course of business, the Fund enters into agreements with service providers that may contain indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown as this would
involve future claims that may be made against the Fund that have not yet occurred.
I Financial Futures Contracts — Upon entering into a financial futures contract, the Fund is required to deposit with the broker, either in cash or securities, an amount equal to a certain percentage of the contract amount (initial
margin). Subsequent payments, known as variation margin, are made or received by the Fund each business day, depending on the daily fluctuations in the value of the underlying security, and are recorded as unrealized gains or losses by the Fund.
Gains (losses) are realized upon the expiration or closing of the financial futures contracts. Should market conditions change unexpectedly,
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Notes to Financial Statements (Unaudited) — continued
the Fund may not achieve the anticipated benefits of the financial futures contracts and may realize a loss. Futures contracts have minimal counterparty risk as they are exchange traded and the clearinghouse for
the exchange is substituted as the counterparty, guaranteeing counterparty performance.
J Forward Foreign Currency Exchange
Contracts — The Fund may enter into forward foreign currency exchange contracts for the purchase or sale of a specific foreign currency at a fixed price on a future date. The forward foreign
currency exchange contracts are adjusted by the daily exchange rate of the underlying currency and any gains or losses are recorded as unrealized until such time as the contracts have been closed. While forward foreign currency exchange contracts
are privately negotiated agreements between the Fund and a counterparty, certain contracts may be “centrally cleared”, whereby all payments made or received by the Fund pursuant to the contract are with a central clearing party (CCP)
rather than the original counterparty. The CCP guarantees the performance of the original parties to the contract. Upon entering into centrally cleared contracts, the Fund is required to deposit with the CCP, either in cash or securities, an amount
of initial margin determined by the CCP, which is subject to adjustment. For centrally cleared contracts, the daily change in valuation is recorded as a receivable or payable for variation margin and settled in cash with the CCP daily. Risks may
arise upon entering forward foreign currency exchange contracts from the potential inability of counterparties to meet the terms of their contracts and from movements in the value of a foreign currency relative to the U.S. dollar. In the case of
centrally cleared contracts, counterparty risk is minimal due to protections provided by the CCP.
K Interest Rate
Swaps — Pursuant to interest rate swap agreements, the Fund either makes floating-rate payments to the counterparty (or CCP in the case of centrally cleared swaps) based on a benchmark interest
rate in exchange for fixed-rate payments or the Fund makes fixed-rate payments to the counterparty (or CCP in the case of a centrally cleared swap) in exchange for payments on a floating benchmark interest rate. Payments received or made, including
amortization of upfront payments/receipts, are recorded as realized gains or losses. During the term of the outstanding swap agreement, changes in the underlying value of the swap are recorded as unrealized gains or losses. For centrally cleared
swaps, the daily change in valuation is recorded as a receivable or payable for variation margin and settled in cash with the CCP daily. The value of the swap is determined by changes in the relationship between two rates of interest. The Fund is
exposed to credit loss in the event of non-performance by the swap counterparty. In the case of centrally cleared swaps, counterparty risk is minimal due to protections provided by the CCP. Risk may also arise from movements in interest rates.
L Credit Default Swaps — When the Fund is the buyer of a credit default
swap contract, the Fund is entitled to receive the par (or other agreed-upon) value of a referenced debt obligation (or basket of debt obligations) from the counterparty (or CCP in the case of a centrally cleared swap) to the contract if a credit
event by a third party, such as a U.S. or foreign corporate issuer or sovereign issuer, on the debt obligation occurs. In return, the Fund pays the counterparty a periodic stream of payments over the term of the contract provided that no credit
event has occurred. If no credit event occurs, the Fund would have spent the stream of payments and received no proceeds from the contract. When the Fund is the seller of a credit default swap contract, it receives the stream of payments, but is
obligated to pay to the buyer of the protection an amount up to the notional amount of the swap and in certain instances take delivery of securities of the reference entity upon the occurrence of a credit event, as defined under the terms of that
particular swap agreement. Credit events are contract specific but may include bankruptcy, failure to pay, restructuring, obligation acceleration and repudiation/moratorium. If the Fund is a seller of protection and a credit event occurs, the
maximum potential amount of future payments that the Fund could be required to make would be an amount equal to the notional amount of the agreement. This potential amount would be partially offset by any recovery value of the respective referenced
obligation, or net amount received from the settlement of a buy protection credit default swap agreement entered into by the Fund for the same referenced obligation. As the seller, the Fund may create economic leverage to its portfolio because, in
addition to its total net assets, the Fund is subject to investment exposure on the notional amount of the swap. The interest fee paid or received on the swap contract, which is based on a specified interest rate on a fixed notional amount, is
accrued daily as a component of unrealized appreciation (depreciation) and is recorded as realized gain upon receipt or realized loss upon payment. The Fund also records an increase or decrease to unrealized appreciation (depreciation) in an amount
equal to the daily valuation. For centrally cleared swaps, the daily change in valuation is recorded as a receivable or payable for variation margin and settled in cash with the CCP daily. All upfront payments and receipts, if any, are amortized
over the life of the swap contract as realized gains or losses. Those upfront payments or receipts for non-centrally cleared swaps are recorded as other assets or other liabilities, respectively, net of amortization. For financial reporting
purposes, unamortized upfront payments or receipts, if any, are netted with unrealized appreciation or depreciation on swap contracts to determine the market value of swaps as presented in Notes 8 and 13. The Fund segregates assets in the form of
cash or liquid securities in an amount equal to the notional amount of the credit default swaps of which it is the seller. The Fund segregates assets in the form of cash or liquid securities in an amount equal to any unrealized depreciation of the
credit default swaps of which it is the buyer, marked-to-market on a daily basis. These transactions involve certain risks, including the risk that the seller may be unable to fulfill the transaction. In the case of centrally cleared swaps,
counterparty risk is minimal due to protections provided by the CCP.
M When-Issued Securities and Delayed Delivery
Transactions — The Fund may purchase or sell securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. At
the time the transaction is negotiated, the price of the security that will be delivered is fixed. The Fund maintains cash and/or security positions for these commitments such that sufficient liquid assets will be available to make payments upon
settlement. Securities purchased on a delayed delivery or when-issued basis are marked-to-market daily and begin earning interest on settlement date. Losses may arise due to changes in the market value of the underlying securities or if the
counterparty does not perform under the contract.
N Reverse Repurchase Agreements — Under a reverse repurchase agreement, the Fund temporarily transfers possession of a portfolio security to another party, such as a bank or broker/dealer, in return for cash. At the same time, the Fund
agrees to repurchase the security at an agreed upon time and price, which reflects an interest payment. In periods of increased demand for a security, the Fund may receive a payment from the counterparty for the use of the security, which is
recorded as interest income. Because the Fund retains effective control over the transferred security, the transaction is accounted for as a
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Notes to Financial Statements (Unaudited) — continued
secured borrowing. The Fund may enter into such agreements when it believes it is able to invest the cash acquired at a rate higher than the cost of the agreement, which would increase earned income. When the Fund
enters into a reverse repurchase agreement, any fluctuations in the market value of either the securities transferred to another party or the securities in which the proceeds may be invested would affect the market value of the Fund’s assets.
Because reverse repurchase agreements may be considered to be the practical equivalent of borrowing funds (and the counterparty making a loan), they constitute a form of leverage. The Fund segregates cash or liquid assets equal to its obligation to
repurchase the security. During the term of the agreement, the Fund may also be obligated to pledge additional cash and/or securities in the event of a decline in the fair value of the transferred security. In the event the counterparty to a reverse
repurchase agreement becomes insolvent, recovery of the security transferred by the Fund may be delayed or the Fund may incur a loss equal to the amount by which the value of the security transferred by the Fund exceeds the repurchase price payable
by the Fund.
O Stripped Mortgage-Backed Securities — The Fund may invest
in Interest Only (IO) and Principal Only (PO) securities, a form of stripped mortgage-backed securities, whereby the IO security receives all the interest and the PO security receives all the principal on a pool of mortgage assets. The yield to
maturity on an IO security is extremely sensitive to the rate of principal payments (including prepayments) on the related underlying mortgage assets, and a rapid rate of principal payments may have a material adverse effect on the yield to maturity
from these securities. If the underlying mortgages experience greater than anticipated prepayments of principal, the Fund may fail to recoup its initial investment in an IO security. The market value of IO and PO securities can be unusually volatile
due to changes in interest rates.
P Interim Financial Statements — The
interim financial statements relating to September 30, 2019 and for the six months then ended have not been audited by an independent registered public accounting firm, but in the opinion of the Fund’s management, reflect all adjustments,
consisting only of normal recurring adjustments, necessary for the fair presentation of the financial statements.
2 Auction
Preferred Shares
The Fund issued Auction Preferred Shares (APS) on July 25, 2003 in a public offering. Dividends on the APS, which accrue daily,
are cumulative at rates which are reset every seven days by an auction, unless a special dividend period has been set. Series of APS are identical in all respects except for the reset dates of the dividend rates. If the APS auctions do not
successfully clear, the dividend payment rate over the next period for the APS holders is set at a specified maximum applicable rate until such time as the APS auctions are successful. Auctions have not cleared since February 13, 2008 and the
rate since that date has been the maximum applicable rate (see Note 3). The maximum applicable rate on the APS is 150% of the “AA” Financial Composite Commercial Paper Rate at the date of the auction. The stated spread over the reference
benchmark rate is determined based on the credit rating of the APS.
The number of APS issued and outstanding at September 30, 2019 are as follows:
|
|
|
|
|
|
|
APS Issued and Outstanding |
|
|
|
Series A |
|
|
1,728 |
|
|
|
Series B |
|
|
1,728 |
|
|
|
Series C |
|
|
1,728 |
|
|
|
Series D |
|
|
1,728 |
|
|
|
Series E |
|
|
1,728 |
|
The APS are redeemable at the option of the Fund at a redemption price equal to $25,000 per share, plus accumulated and unpaid
dividends, on any dividend payment date. The APS are also subject to mandatory redemption at a redemption price equal to $25,000 per share, plus accumulated and unpaid dividends, if the Fund is in default for an extended period on its asset
maintenance requirements with respect to the APS. If the dividends on the APS remain unpaid in an amount equal to two full years’ dividends, the holders of the APS as a class have the right to elect a majority of the Board of Trustees. In
general, the holders of the APS and the common shares have equal voting rights of one vote per share, except that the holders of the APS, as a separate class, have the right to elect at least two members of the Board of Trustees. The APS have a
liquidation preference of $25,000 per share, plus accumulated and unpaid dividends. The Fund is required to maintain certain asset coverage with respect to the APS as defined in the Fund’s By-Laws and the 1940 Act. The Fund pays an annual fee
up to 0.15% of the liquidation value of the APS to broker/dealers as a service fee if the auctions are unsuccessful; otherwise, the annual fee is 0.25%.
On June 29, 2018, the Fund announced a tender offer to purchase up to 19% of its outstanding APS at a price per share equal to 92% of the APS liquidation
preference of $25,000 per share (or $23,000 per share), plus any accrued but unpaid APS dividends. The tender offer expired on
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Notes to Financial Statements (Unaudited) — continued
September 14, 2018. The number of APS redeemed during the year ended March 31, 2019 pursuant to the tender offer and the redemption amount (excluding the final dividend payment) were as follows:
|
|
|
|
|
|
|
|
|
|
|
APS Redeemed During the Year |
|
|
Redemption Amount |
|
|
|
|
Series A |
|
|
405 |
|
|
$ |
9,315,000 |
|
|
|
|
Series B |
|
|
405 |
|
|
|
9,315,000 |
|
|
|
|
Series C |
|
|
405 |
|
|
|
9,315,000 |
|
|
|
|
Series D |
|
|
405 |
|
|
|
9,315,000 |
|
|
|
|
Series E |
|
|
405 |
|
|
|
9,315,000 |
|
3 Distributions to Shareholders and Income Tax Information
The Fund intends to make monthly distributions of net investment income to common shareholders, after payment of any dividends on any outstanding APS. In addition,
at least annually, the Fund intends to distribute all or substantially all of its net realized capital gains. Distributions to common shareholders are recorded on the ex-dividend date. Distributions to preferred shareholders are recorded daily and
are payable at the end of each dividend period. The dividend rates for the APS at September 30, 2019, and the amount of dividends accrued (including capital gains, if any) to APS shareholders, average APS dividend rates (annualized), and
dividend rate ranges for the six months then ended were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
APS Dividend Rates at September 30, 2019 |
|
|
Dividends Accrued to APS Shareholders |
|
|
Average APS Dividend Rates |
|
|
Dividend Rate Ranges (%) |
|
|
|
|
|
|
Series A |
|
|
2.93 |
% |
|
$ |
757,550 |
|
|
|
3.51 |
% |
|
|
2.93–3.73 |
|
|
|
|
|
|
Series B |
|
|
2.87 |
|
|
|
755,356 |
|
|
|
3.50 |
|
|
|
2.87–3.70 |
|
|
|
|
|
|
Series C |
|
|
2.99 |
|
|
|
752,277 |
|
|
|
3.48 |
|
|
|
2.99–3.73 |
|
|
|
|
|
|
Series D |
|
|
2.89 |
|
|
|
749,619 |
|
|
|
3.47 |
|
|
|
2.89–3.74 |
|
|
|
|
|
|
Series E |
|
|
2.96 |
|
|
|
751,673 |
|
|
|
3.48 |
|
|
|
2.93–3.73 |
|
Beginning February 13, 2008 and consistent with the patterns in the broader market for auction-rate securities, the Fund’s
APS auctions were unsuccessful in clearing due to an imbalance of sell orders over bids to buy the APS. As a result, the dividend rates of the APS were reset to the maximum applicable rates. The table above reflects such maximum dividend rate for
each series as of September 30, 2019.
Distributions to shareholders are determined in accordance with income tax regulations, which may differ from
U.S. GAAP. As required by U.S. GAAP, only distributions in excess of tax basis earnings and profits are reported in the financial statements as a return of capital. Permanent differences between book and tax accounting relating to distributions are
reclassified to paid-in capital. For tax purposes, distributions from short-term capital gains are considered to be from ordinary income.
At
March 31, 2019, the Fund, for federal income tax purposes, had deferred capital losses of $64,515,197 which would reduce its taxable income arising from future net realized gains on investment transactions, if any, to the extent permitted by
the Internal Revenue Code, and thus would reduce the amount of distributions to shareholders, which would otherwise be necessary to relieve the Fund of any liability for federal income or excise tax. The deferred capital losses are treated as
arising on the first day of the Fund’s next taxable year, retaining the same short-term or long-term character as when originally deferred. Of the deferred capital losses at March 31, 2019, $64,515,197 are long-term.
Additionally, at March 31, 2019, the Fund had a net capital loss of $25,809,449 attributable to security transactions incurred after October 31, 2018 that
it has elected to defer. This net capital loss is treated as arising on the first day of the Fund’s taxable year ending March 31, 2020.
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Notes to Financial Statements (Unaudited) — continued
The cost and unrealized appreciation (depreciation) of investments, including open derivative contracts, of the Fund at September 30, 2019, as determined on a federal income tax basis, were as follows:
|
|
|
|
|
|
|
Aggregate cost |
|
$ |
2,617,977,333 |
|
|
|
Gross unrealized appreciation |
|
$ |
57,687,763 |
|
|
|
Gross unrealized depreciation |
|
|
(87,833,397 |
) |
|
|
Net unrealized depreciation |
|
$ |
(30,145,634 |
) |
4 Investment Adviser Fee and Other Transactions with Affiliates
The investment adviser fee is earned by EVM as compensation for management and investment advisory services rendered to the Fund. The fee is computed at an annual
rate of 0.75% of the Fund’s average weekly gross assets and is payable monthly. Gross assets as referred to herein represent net assets plus obligations attributable to investment leverage. For the six months ended September 30, 2019, the
Fund’s investment adviser fee amounted to $9,675,455. The Fund invests its cash in Cash Reserves Fund. EVM does not currently receive a fee for advisory services provided to Cash Reserves Fund. EVM also serves as administrator of the Fund, but
receives no compensation.
Trustees and officers of the Fund who are members of EVM’s organization receive remuneration for their services to the
Fund out of the investment adviser fee. Trustees of the Fund who are not affiliated with EVM may elect to defer receipt of all or a percentage of their annual fees in accordance with the terms of the Trustees Deferred Compensation Plan. For the six
months ended September 30, 2019, no significant amounts have been deferred. Certain officers and Trustees of the Fund are officers of EVM.
5 Purchases and Sales of Investments
Purchases and sales of investments, other than
short-term obligations and including maturities, paydowns and principal repayments on Senior Loans, for the six months ended September 30, 2019 were as follows:
|
|
|
|
|
|
|
|
|
|
|
Purchases |
|
|
Sales |
|
|
|
|
Investments (non-U.S. Government) |
|
$ |
367,581,652 |
|
|
$ |
359,278,768 |
|
|
|
|
U.S. Government and Agency Securities |
|
|
144,983,196 |
|
|
|
137,696,156 |
|
|
|
|
|
|
$ |
512,564,848 |
|
|
$ |
496,974,924 |
|
6 Common Shares of Beneficial Interest
The Fund may issue common shares pursuant to its dividend reinvestment plan. There were no common shares issued by the Fund for the six months ended September 30, 2019 and the year ended March 31, 2019.
In November 2013, the Board of Trustees initially approved a share repurchase program for the Fund. Pursuant to the reauthorization of the share
repurchase program by the Board of Trustees in March 2019, the Fund is authorized to repurchase up to 10% of its common shares outstanding as of the last day of the prior calendar year at market prices when shares are trading at a discount to net
asset value. The share repurchase program does not obligate the Fund to purchase a specific amount of shares. There were no repurchase of common shares by the Fund for the six months ended September 30, 2019 and the year ended March 31,
2019.
7 Restricted Securities
At September 30, 2019, the Fund owned the following securities (representing less than 0.1% of net assets applicable to common shares) which were restricted as
to public resale and not registered under the Securities Act of 1933 (excluding Rule 144A securities). The Fund has various registration rights
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Notes to Financial Statements (Unaudited) — continued
(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.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Date of Acquisition |
|
|
Shares |
|
|
Cost |
|
|
Value |
|
|
|
|
|
|
Common Stocks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Point Energy Holdings, Inc. |
|
|
7/15/14 |
|
|
|
29,787 |
|
|
$ |
1,370,397 |
|
|
$ |
298 |
|
|
|
|
|
|
Convertible Preferred Stocks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Point Energy Holdings, Inc., Series A, 12.00% |
|
|
5/26/17 |
|
|
|
555 |
|
|
$ |
555,000 |
|
|
$ |
449,735 |
|
|
|
|
|
|
Total Restricted Securities |
|
|
|
|
|
|
|
|
|
$ |
1,925,397 |
|
|
$ |
450,033 |
|
8 Financial Instruments
The Fund may trade in financial instruments with off-balance sheet risk in the normal course of its investing activities. These financial instruments may include forward foreign currency exchange contracts,
financial futures contracts and swap contracts and may involve, to a varying degree, elements of risk in excess of the amounts recognized for financial statement purposes. The notional or contractual amounts of these instruments represent the
investment the Fund has in particular classes of financial instruments and do not necessarily represent the amounts potentially subject to risk. The measurement of the risks associated with these instruments is meaningful only when all related and
offsetting transactions are considered. A summary of obligations under these financial instruments at September 30, 2019 is included in the Portfolio of Investments. At September 30, 2019, the Fund had sufficient cash and/or securities to
cover commitments under these contracts.
In the normal course of pursuing its investment objectives, the Fund is subject to the following risks:
Credit Risk: The Fund enters into credit default swap contracts to enhance total return and/or as a substitute for the purchase of securities.
Foreign Exchange Risk: 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.
Interest Rate Risk: The Fund utilizes various interest rate derivatives including futures contracts and interest rate swaps to manage the duration of its portfolio and to hedge against fluctuations in securities
prices due to interest rates.
The Fund enters into over-the-counter (OTC) derivatives that may contain provisions whereby the counterparty may terminate
the contract under certain conditions, including but not limited to a decline in the Fund’s net assets below a certain level over a certain period of time, which would trigger a payment by the Fund for those derivatives in a liability position.
At September 30, 2019, the fair value of derivatives with credit-related contingent features in a net liability position was $207,232. At September 30, 2019, there were no assets pledged by the Fund for such liability.
The OTC derivatives in which the Fund invests are subject to the risk that the counterparty to the contract fails to perform its obligations under the contract. To
mitigate this risk, the Fund has entered into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with substantially all its derivative counterparties. An ISDA Master
Agreement is a bilateral agreement between the Fund and a counterparty that governs certain OTC derivatives and typically contains, among other things, set-off provisions in the event of a default and/or termination event as defined under the
relevant ISDA Master Agreement. Under an ISDA Master Agreement, the Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and/or receivables with collateral held and/or posted and
create one single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of default including the bankruptcy or insolvency of the counterparty. However, bankruptcy or insolvency laws of a
particular jurisdiction may impose restrictions on or prohibitions against the right of offset in bankruptcy or insolvency. Certain ISDA Master Agreements allow counterparties to OTC derivatives to terminate derivative contracts prior to maturity in
the event the Fund’s net assets decline by a stated percentage or the Fund fails to meet the terms of its ISDA Master Agreements, which would cause the counterparty to accelerate payment by the Fund of any net liability owed to it.
The collateral requirements for derivatives traded under an ISDA Master Agreement are governed by a Credit Support Annex to the ISDA Master Agreement. Collateral
requirements are determined at the close of business each day and are typically based on changes in market values for each transaction under an ISDA Master Agreement and netted into one amount for such agreement. Generally, the amount of collateral
due from or to a counterparty is subject to a minimum transfer threshold amount before a transfer is required, which may vary by counterparty. Collateral pledged for the benefit of the Fund and/or counterparty is held in segregated accounts by the
Fund’s custodian and cannot be sold, re-pledged, assigned or otherwise used while pledged. The portion of such collateral representing cash, if any, is reflected as deposits for derivatives collateral and, in the case of cash pledged by a
counterparty for the benefit of the Fund, a corresponding liability on the Statement of Assets and Liabilities. Securities pledged by the Fund as collateral, if any, are identified as
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Notes to Financial Statements (Unaudited) — continued
such in the Portfolio of Investments. The carrying amount of the liability for cash collateral due to brokers at September 30, 2019 approximated its fair value. If measured at fair value, such liability would
have been considered as Level 2 in the fair value hierarchy (see Note 13) at September 30, 2019.
The fair value of open derivative instruments (not
considered to be hedging instruments for accounting disclosure purposes) by risk exposure at September 30, 2019 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value |
|
Statement of Assets and Liabilities Caption |
|
Credit |
|
|
Foreign Exchange |
|
|
Interest Rate |
|
|
Total |
|
|
|
|
|
|
Accumulated loss |
|
$ |
19,434 |
* |
|
$ |
138,668 |
* |
|
$ |
1,076,695 |
* |
|
$ |
1,234,797 |
|
|
|
|
|
|
Receivable for open forward foreign currency exchange contracts |
|
|
— |
|
|
|
1,601,758 |
|
|
|
— |
|
|
|
1,601,758 |
|
|
|
|
|
|
Total Asset Derivatives |
|
$ |
19,434 |
|
|
$ |
1,740,426 |
|
|
$ |
1,076,695 |
|
|
$ |
2,836,555 |
|
|
|
|
|
|
Derivatives not subject to master netting or similar agreements |
|
$ |
19,434 |
|
|
$ |
138,668 |
|
|
$ |
1,076,695 |
|
|
$ |
1,234,797 |
|
|
|
|
|
|
Total Asset Derivatives subject to master netting or similar agreements |
|
$ |
— |
|
|
$ |
1,601,758 |
|
|
$ |
— |
|
|
$ |
1,601,758 |
|
|
|
|
|
|
|
|
Credit |
|
|
Foreign Exchange |
|
|
Interest Rate |
|
|
Total |
|
|
|
|
|
|
Accumulated loss |
|
$ |
(343,927 |
)* |
|
$ |
(24,261 |
)* |
|
$ |
(2,219,517 |
)* |
|
$ |
(2,587,705 |
) |
|
|
|
|
|
Payable for open forward foreign currency exchange contracts |
|
|
— |
|
|
|
(174,674 |
) |
|
|
— |
|
|
|
(174,674 |
) |
|
|
|
|
|
Payable/receivable for open swap contracts; Upfront payments/receipts on open non-centrally cleared
swap contracts |
|
|
(32,558 |
) |
|
|
— |
|
|
|
— |
|
|
|
(32,558 |
) |
|
|
|
|
|
Total Liability Derivatives |
|
$ |
(376,485 |
) |
|
$ |
(198,935 |
) |
|
$ |
(2,219,517 |
) |
|
$ |
(2,794,937 |
) |
|
|
|
|
|
Derivatives not subject to master netting or similar agreements |
|
$ |
(343,927 |
) |
|
$ |
(24,261 |
) |
|
$ |
(2,219,517 |
) |
|
$ |
(2,587,705 |
) |
|
|
|
|
|
Total Liability Derivatives subject to master netting or similar agreements |
|
$ |
(32,558 |
) |
|
$ |
(174,674 |
) |
|
$ |
— |
|
|
$ |
(207,232 |
) |
* |
For futures contracts and centrally cleared derivatives, amount represents value as shown in the Portfolio of Investments. Only the current day’s
variation margin on open futures contracts and centrally cleared derivatives is reported within the Statement of Assets and Liabilities as Receivable or Payable for variation margin on open financial futures contracts and centrally cleared
derivatives, as applicable. |
The Fund’s derivative assets and liabilities at fair value by risk, which are reported gross in the
Statement of Assets and Liabilities, are presented in the table above. The following tables present the Fund’s derivative assets and liabilities by counterparty, net of amounts available for offset under a master netting agreement and net of
the related collateral received by the Fund for such assets and pledged by the Fund for such liabilities as of September 30, 2019.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Derivative Assets Subject to Master Netting Agreement |
|
|
Derivatives Available for Offset |
|
|
Non-cash Collateral Received(a) |
|
|
Cash Collateral Received(a) |
|
|
Net Amount of Derivative Assets(b) |
|
|
Total Cash Collateral Received |
|
|
|
|
|
|
|
|
Citibank, N.A. |
|
$ |
97,287 |
|
|
$ |
(6,944 |
) |
|
$ |
— |
|
|
$ |
(90,343 |
) |
|
$ |
— |
|
|
$ |
120,000 |
|
|
|
|
|
|
|
|
Goldman Sachs International |
|
|
545,581 |
|
|
|
(41,546 |
) |
|
|
— |
|
|
|
(460,000 |
) |
|
|
44,035 |
|
|
|
460,000 |
|
|
|
|
|
|
|
|
HSBC Bank USA, N.A. |
|
|
21,892 |
|
|
|
(21,892 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
JPMorgan Chase Bank, N.A. |
|
|
90,445 |
|
|
|
(58,919 |
) |
|
|
— |
|
|
|
— |
|
|
|
31,526 |
|
|
|
— |
|
|
|
|
|
|
|
|
Standard Chartered Bank |
|
|
81,609 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
81,609 |
|
|
|
— |
|
|
|
|
|
|
|
|
State Street Bank and Trust Company |
|
|
764,944 |
|
|
|
(44,858 |
) |
|
|
(632,270 |
) |
|
|
— |
|
|
|
87,816 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
$ |
1,601,758 |
|
|
$ |
(174,159 |
) |
|
$ |
(632,270 |
) |
|
$ |
(550,343 |
) |
|
$ |
244,986 |
|
|
$ |
580,000 |
|
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Notes to Financial Statements (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Derivative Liabilities Subject to Master Netting Agreement |
|
|
Derivatives Available for Offset |
|
|
Non-cash Collateral Pledged(a) |
|
|
Cash Collateral Pledged(a) |
|
|
Net Amount of Derivative Liabilities(c) |
|
|
Total Cash Collateral Pledged |
|
|
|
|
|
|
|
|
Citibank, N.A. |
|
$ |
(6,944 |
) |
|
$ |
6,944 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
Deutsche Bank AG |
|
|
(32,558 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(32,558 |
) |
|
|
— |
|
|
|
|
|
|
|
|
Goldman Sachs International |
|
|
(41,546 |
) |
|
|
41,546 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
HSBC Bank USA, N.A. |
|
|
(22,407 |
) |
|
|
21,892 |
|
|
|
— |
|
|
|
— |
|
|
|
(515 |
) |
|
|
— |
|
|
|
|
|
|
|
|
JPMorgan Chase Bank, N.A. |
|
|
(58,919 |
) |
|
|
58,919 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
State Street Bank and Trust Company |
|
|
(44,858 |
) |
|
|
44,858 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
$ |
(207,232 |
) |
|
$ |
174,159 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(33,073 |
) |
|
$ |
— |
|
(a) |
In some instances, the total collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(b) |
Net amount represents the net amount due from the counterparty in the event of default. |
(c) |
Net amount represents the net amount payable to the counterparty in the event of default. |
Information with respect to reverse repurchase agreements at September 30, 2019 is included at Note 10.
The effect of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) on the Statement of Operations by risk exposure
for the six months ended September 30, 2019 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Statement of Operations Caption |
|
Credit |
|
|
Foreign Exchange |
|
|
Interest Rate |
|
|
Total |
|
|
|
|
|
|
Net realized gain (loss) — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial futures contracts |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(8,316,511 |
) |
|
$ |
(8,316,511 |
) |
|
|
|
|
|
Swap contracts |
|
|
4,210 |
|
|
|
— |
|
|
|
(2,164,476 |
) |
|
|
(2,160,266 |
) |
|
|
|
|
|
Forward foreign currency exchange contracts |
|
|
— |
|
|
|
4,088,820 |
|
|
|
— |
|
|
|
4,088,820 |
|
|
|
|
|
|
Total |
|
$ |
4,210 |
|
|
$ |
4,088,820 |
|
|
$ |
(10,480,987 |
) |
|
$ |
(6,387,957 |
) |
|
|
|
|
|
Change in unrealized appreciation (depreciation) — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial futures contracts |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2,516,795 |
|
|
$ |
2,516,795 |
|
|
|
|
|
|
Swap contracts |
|
|
160,920 |
|
|
|
— |
|
|
|
(216,371 |
) |
|
|
(55,451 |
) |
|
|
|
|
|
Forward foreign currency exchange contracts |
|
|
— |
|
|
|
153,088 |
|
|
|
— |
|
|
|
153,088 |
|
|
|
|
|
|
Total |
|
$ |
160,920 |
|
|
$ |
153,088 |
|
|
$ |
2,300,424 |
|
|
$ |
2,614,432 |
|
The average notional cost of futures contracts and average notional amounts of other derivative contracts outstanding during the six
months ended September 30, 2019, which are indicative of the volume of these derivative types, were approximately as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures Contracts — Long |
|
|
Futures Contracts — Short |
|
|
Forward Foreign Currency Exchange Contracts* |
|
|
Swap Contracts |
|
|
|
|
|
|
$41,512,000 |
|
|
$ |
135,336,000 |
|
|
$ |
109,619,000 |
|
|
$ |
49,097,000 |
|
* |
The average notional amount of forward foreign currency exchange contracts is based on the absolute value of notional amounts of currency purchased and
currency sold. |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Notes to Financial Statements (Unaudited) — continued
9 Credit Agreement
The Fund has entered into a Credit Agreement, as amended (the
Agreement) with major financial institutions to borrow up to $850 million. Borrowings under the Agreement are secured by the assets of the Fund. Interest is charged at a rate above the London Interbank Offered Rate (LIBOR) and is payable monthly.
Under the terms of the Agreement, in effect through December 17, 2021, the Fund pays a facility fee of 0.25% per annum on the borrowing limit. In connection with the renewal of the Agreement on December 18, 2018, the Fund paid an
upfront fee of $1,530,000, which is being amortized to interest expense over a period of three years through December 2021. The unamortized balance at September 30, 2019 is approximately $1,157,000 and is included in prepaid upfront fees on
notes payable in the Statement of Assets and Liabilities. The Fund is required to maintain certain net asset levels during the term of the Agreement. At September 30, 2019, the Fund had borrowings outstanding under the Agreement of $620,000,000
at an interest rate of 2.85%. Based on the short-term nature of the borrowings under the Agreement and the variable interest rate, the carrying amount of the borrowings at September 30, 2019 approximated its fair value. If measured at fair
value, borrowings under the Agreement would have been considered as Level 2 in the fair value hierarchy (see Note 13) at September 30, 2019. Facility fees for the six months ended September 30, 2019 totaled $1,080,208 and are included in
interest expense and fees on the Statement of Operations. For the six months ended September 30, 2019, the average borrowings under the Agreement and the average annual interest rate (excluding fees) were $578,409,836 and 3.26%, respectively.
10 Reverse Repurchase Agreements
Reverse repurchase agreements outstanding as of September 30, 2019 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Trade Date |
|
|
Maturity Date |
|
|
Interest Rate |
|
|
Principal Amount |
|
|
Value Including Accrued Interest |
|
|
U.S. Government Agency
Securities Pledged as Collateral |
|
|
|
|
|
|
|
|
Bank of America |
|
|
9/19/19 |
|
|
|
10/22/19 |
|
|
|
2.42 |
% |
|
$ |
58,711,028 |
|
|
$ |
58,754,442 |
|
|
$ |
60,762,819 |
|
|
|
|
|
|
|
|
Bank of Montreal |
|
|
9/19/19 |
|
|
|
10/22/19 |
|
|
|
2.36 |
|
|
|
34,713,627 |
|
|
|
34,738,659 |
|
|
|
36,389,358 |
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
93,424,655 |
|
|
$ |
93,493,101 |
|
|
$ |
97,152,177 |
|
The Fund also pledged cash of $510,069 to Bank of America as additional collateral for its reverse repurchase agreements. At
September 30, 2019, the remaining contractual maturity of all reverse repurchase agreements was less than 30 days.
For the six months ended
September 30, 2019, the average borrowings under settled reverse repurchase agreements and the average annual interest rate were $101,210,276 and 2.62%, respectively. The reverse repurchase agreements entered into by the Fund are subject to
Master Repurchase Agreements (MRA), which permit the Fund, under certain circumstances, including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under the MRA with collateral held and/or posted to the
counterparty and create one single net payment due to or from the Fund. At September 30, 2019, the market value of securities and cash pledged for the benefit of counterparties for reverse repurchase agreements exceeded the amount of borrowings
for each counterparty. Based on the short-term nature of the borrowings under the reverse repurchase agreements, the carrying value of the payable for reverse repurchase agreements approximated its fair value at September 30, 2019. If measured
at fair value, borrowings under the reverse repurchase agreements would have been considered as Level 2 in the fair value hierarchy (see Note 13) at September 30, 2019.
11 Risks Associated with Foreign Investments
Investing in securities issued by companies
or entities whose principal business activities are outside the United States may involve significant risks not present in domestic investments. For example, there is generally less publicly available information about foreign companies,
particularly those not subject to the disclosure and reporting requirements of the U.S. securities laws. Certain foreign issuers are generally not bound by uniform accounting, auditing, and financial reporting requirements and standards of practice
comparable to those applicable to domestic issuers. Investments in foreign securities also involve the risk of possible adverse changes in investment or exchange control regulations, expropriation or confiscatory taxation, limitation on the removal
of funds or other assets of the Fund, political or financial instability or diplomatic and other developments which could affect such investments. Foreign securities markets, while growing in volume and sophistication, are generally not as developed
as those in the United States, and securities of some foreign issuers (particularly those located in developing countries) may be less liquid and more volatile than securities of comparable U.S. companies. In general, there is less overall
governmental supervision and regulation of foreign securities markets, broker/dealers and issuers than in the United States.
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Notes to Financial Statements (Unaudited) — continued
12 Investments in Affiliated Funds
At September 30, 2019, the value of the
Fund’s investment in affiliated funds was $28,557,884, which represents 1.7% of the Fund’s net assets applicable to common shares. Transactions in affiliated funds by the Fund for the six months 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% |
|
$ |
43,608,087 |
|
|
$ |
536,833,708 |
|
|
$ |
(551,874,586 |
) |
|
$ |
(9,356 |
) |
|
$ |
31 |
|
|
$ |
28,557,884 |
|
|
$ |
409,575 |
|
|
|
28,560,740 |
|
13 Fair Value Measurements
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The
three-tier hierarchy of inputs is summarized in the three broad levels listed below.
• |
|
Level 1 – quoted prices in active markets for identical investments |
• |
|
Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
|
• |
|
Level 3 – significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)
|
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is
determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those
securities.
At September 30, 2019, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are
carried at value, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset Description |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3* |
|
|
Total |
|
|
|
|
|
|
Senior Floating-Rate Loans (Less Unfunded Loan Commitments) |
|
$ |
— |
|
|
$ |
794,712,536 |
|
|
$ |
3,213,256 |
|
|
$ |
797,925,792 |
|
|
|
|
|
|
Corporate Bonds & Notes |
|
|
— |
|
|
|
811,373,546 |
|
|
|
— |
|
|
|
811,373,546 |
|
|
|
|
|
|
Foreign Government Securities |
|
|
— |
|
|
|
76,570,563 |
|
|
|
— |
|
|
|
76,570,563 |
|
|
|
|
|
|
Sovereign Loans |
|
|
— |
|
|
|
11,728,620 |
|
|
|
— |
|
|
|
11,728,620 |
|
|
|
|
|
|
Mortgage Pass-Throughs |
|
|
— |
|
|
|
182,659,059 |
|
|
|
— |
|
|
|
182,659,059 |
|
|
|
|
|
|
Collateralized Mortgage Obligations |
|
|
— |
|
|
|
458,899,102 |
|
|
|
— |
|
|
|
458,899,102 |
|
|
|
|
|
|
Commercial Mortgage-Backed Securities |
|
|
— |
|
|
|
88,134,211 |
|
|
|
— |
|
|
|
88,134,211 |
|
|
|
|
|
|
Asset-Backed Securities |
|
|
— |
|
|
|
98,641,004 |
|
|
|
— |
|
|
|
98,641,004 |
|
|
|
|
|
|
Common Stocks |
|
|
1,397,041 |
|
|
|
2,563,487 |
|
|
|
4,716,586 |
|
|
|
8,677,114 |
|
|
|
|
|
|
Convertible Preferred Stocks |
|
|
— |
|
|
|
— |
|
|
|
449,735 |
|
|
|
449,735 |
|
|
|
|
|
|
Preferred Stocks |
|
|
664,650 |
|
|
|
— |
|
|
|
— |
|
|
|
664,650 |
|
|
|
|
|
|
Closed-End Funds |
|
|
22,457,976 |
|
|
|
— |
|
|
|
— |
|
|
|
22,457,976 |
|
|
|
|
|
|
Miscellaneous |
|
|
— |
|
|
|
30,936 |
|
|
|
0 |
|
|
|
30,936 |
|
|
|
|
|
|
Short-Term Investments — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Obligations |
|
|
— |
|
|
|
499,157 |
|
|
|
— |
|
|
|
499,157 |
|
|
|
|
|
|
Other |
|
|
— |
|
|
|
28,557,884 |
|
|
|
— |
|
|
|
28,557,884 |
|
|
|
|
|
|
Total Investments |
|
$ |
24,519,667 |
|
|
$ |
2,554,370,105 |
|
|
$ |
8,379,577 |
|
|
$ |
2,587,269,349 |
|
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Notes to Financial Statements (Unaudited) — continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset Description |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3* |
|
|
Total |
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts |
|
$ |
— |
|
|
$ |
1,740,426 |
|
|
$ |
— |
|
|
$ |
1,740,426 |
|
|
|
|
|
|
Futures Contracts |
|
|
1,018,166 |
|
|
|
— |
|
|
|
— |
|
|
|
1,018,166 |
|
|
|
|
|
|
Swap Contracts |
|
|
— |
|
|
|
77,963 |
|
|
|
— |
|
|
|
77,963 |
|
|
|
|
|
|
Total |
|
$ |
25,537,833 |
|
|
$ |
2,556,188,494 |
|
|
$ |
8,379,577 |
|
|
$ |
2,590,105,904 |
|
|
|
|
|
|
Liability Description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts |
|
$ |
— |
|
|
$ |
(198,935 |
) |
|
$ |
— |
|
|
$ |
(198,935 |
) |
|
|
|
|
|
Futures Contracts |
|
|
(475,189 |
) |
|
|
— |
|
|
|
— |
|
|
|
(475,189 |
) |
|
|
|
|
|
Swap Contracts |
|
|
— |
|
|
|
(2,120,813 |
) |
|
|
— |
|
|
|
(2,120,813 |
) |
|
|
|
|
|
Total |
|
$ |
(475,189 |
) |
|
$ |
(2,319,748 |
) |
|
$ |
— |
|
|
$ |
(2,794,937 |
) |
* |
None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Fund. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for
the six months ended September 30, 2019 is not presented.
14 Legal Proceedings
In May 2015, the Fund was served with an amended complaint filed in an adversary proceeding in the United States Bankruptcy Court for the Southern District of New
York. The adversary proceeding was filed by the Motors Liquidation Company Avoidance Action Trust (“AAT”) against the former holders of a $1.5 billion term loan issued by General Motors Corp. (“GM”) in 2006 (the “Term Loan
Lenders”) who received a full repayment of the term loan pursuant to a court order in the GM bankruptcy proceeding. The court order was made with the understanding that the term loan was fully secured at the time of GM’s bankruptcy filing
in June 2009. The AAT sought (1) a determination from the Bankruptcy Court that the security interest held by the Term Loan Lenders was not perfected at the time GM filed for Chapter 11 Bankruptcy protection and thus the Term Loan Lenders
should have been treated in the same manner as GM’s unsecured creditors, (2) disgorgement of any interest payments made to the Term Loan Lenders within ninety days of GM’s filing for Chapter 11 Bankruptcy protection, and
(3) disgorgement of the $1.5 billion term loan repayment that was made to the Term Loan Lenders. The value of the payment received under the term loan agreement by the Fund was approximately $4,460,000. In April 2019, the parties to the
litigation reached a settlement agreement in principle, subject to Court approval. On June 12, 2019, the Court approved the settlement, and all claims and cross claims in the litigation were dismissed on July 2, 2019. The Fund did not
suffer any loss to the Fund’s net asset value as a result of the settlement. The attorneys’ fees and costs related to these actions were expensed by the Fund as incurred.
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Notice to Shareholders (Unaudited)
The purpose of this notice is to inform Fund shareholders that the London Interbank Offered Rate (“LIBOR”) will be phased out by the end of 2021 and of certain risks associated with this change.
LIBOR is the average offered rate for various maturities of short-term loans between major international banks who are members of the British Bankers
Association (“BBA”). LIBOR is the most common benchmark interest rate index used to make adjustments to variable-rate loans. It is used throughout global banking and financial industries to determine interest rates for a variety of
financial instruments (such as debt instruments and derivatives) and borrowing arrangements, and to determine dividend rates for preferred shares.
The
use of LIBOR started to come under pressure following manipulation allegations in 2012. Despite increased regulation and other corrective actions since that time, concerns have arisen regarding its viability as a benchmark, due largely to reduced
activity in the financial markets that it measures. In July 2017, the Financial Conduct Authority (the “FCA”), the United Kingdom financial regulatory body, announced a desire to phase out the use of LIBOR by the end of 2021.
Although the period from the FCA announcement until the end of 2021 is generally expected to be enough time for market participants to transition to the use of a
different benchmark for new securities and transactions, there remains uncertainty regarding the future utilization of LIBOR and the specific replacement rate or rates. As such, the potential effect of a transition away from LIBOR on the Fund or the
financial instruments held by the Fund cannot yet be determined. The transition process may involve, among other things, increased volatility or illiquidity in markets for instruments that currently rely on LIBOR. The transition may also result in a
change in (i) the value of certain instruments held by the Fund, (ii) the cost of borrowing or the dividend rate for preferred shares, or (iii) the effectiveness of related Fund transactions such as hedges, as applicable. When LIBOR
is discontinued, the LIBOR replacement rate may be lower than market expectations, which could have an adverse impact on the value of preferred and debt-securities with floating or fixed-to-floating rate coupons. Any such effects of the transition
away from LIBOR, as well as other unforeseen effects, could result in losses to the Fund. Since the usefulness of LIBOR as a benchmark could deteriorate during the transition period, these effects could occur prior to the end of 2021.
Various financial industry groups have begun planning for the transition away from LIBOR, but there are obstacles to converting certain longer term
securities and transactions to a new benchmark. In June 2017, the Alternative Reference Rates Committee, a group of large U.S. banks working with the Federal Reserve, announced its selection of a new Secured Overnight Financing Rate
(“SOFR”), which is intended to be a broad measure of secured overnight U.S. Treasury repo rates, as an appropriate replacement for LIBOR. The Federal Reserve Bank of New York began publishing the SOFR earlier in 2018, with the expectation
that it could be used on a voluntary basis in new instruments and transactions. Bank working groups and regulators in other countries have suggested other alternatives for their markets, including the Sterling Overnight Interbank Average Rate
(“SONIA”) in England.
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Board of Trustees’ Contract Approval
Overview of the Contract Review Process
The Investment Company Act of 1940, as amended (the
“1940 Act”), provides, in substance, that the investment advisory agreement between a fund and its investment adviser will continue in effect from year-to-year
only if its continuation is approved on an annual basis by a vote of the fund’s board of trustees, including a majority of the trustees who are not “interested persons” of the fund (“independent trustees”), cast in person at
a meeting called for the purpose of considering such approval.
At a meeting held on April 24, 2019, the Boards of Trustees/Directors (collectively,
the “Board”) of the registered investment companies advised by Eaton Vance Management or its affiliate, Boston Management and Research (the “Eaton Vance Funds”), including a majority of the independent trustees (the
“Independent Trustees”), voted to approve the continuation of existing investment advisory agreements and sub-advisory agreements (as applicable) for each of the Eaton Vance Funds for an additional one-year period. In voting its approval, the Board relied upon the affirmative recommendation of its Contract Review Committee, which is a committee exclusively comprised of Independent Trustees. Prior to making its
recommendation, the Contract Review Committee reviewed information furnished by the adviser and sub-adviser (as applicable) to each of the Eaton Vance Funds (including information specifically requested by the
Board) for a series of meetings held between February and April 2019. Members of the Contract Review Committee also considered information received at prior meetings of the Board and its committees, to the extent such information was relevant to the
Contract Review Committee’s annual evaluation of the investment advisory agreements and sub-advisory agreements (as applicable).
In connection with its evaluation of the investment advisory agreements and sub-advisory agreements (as applicable), the Board considered various information relating to the
Eaton Vance Funds. This included information applicable to all or groups of Eaton Vance Funds, which is referenced immediately below, and information applicable to the particular Eaton Vance Fund covered by this report (additional fund-specific
information is referenced below under, “Results of the Contract Review Process”).
Information about Fees, Performance and Expenses
|
• |
|
A report from an independent data provider comparing advisory and other fees paid by each fund to such fees paid by comparable funds, as identified by the
independent data provider (“comparable funds”); |
|
• |
|
A report from an independent data provider comparing each fund’s total expense ratio (and its components) to those of comparable funds;
|
|
• |
|
A report from an independent data provider comparing the investment performance of each fund (including, as relevant, income data, Sharpe ratios and information
ratios) to the investment performance of comparable funds and, as applicable, benchmark indices, over various time periods; |
|
• |
|
In certain instances, data regarding investment performance relative to customized groups of peer funds identified by the adviser in consultation with the
Portfolio Management Committee of the Board; |
|
• |
|
Comparative information concerning the fees charged and services provided by the adviser and sub-adviser (as applicable)
to each fund in managing other accounts (which may include other mutual funds, collective investment funds and institutional accounts) using investment strategies and techniques similar to those used in managing such fund(s), if any;
|
|
• |
|
Profitability analyses with respect to the adviser and sub-adviser (as applicable) to each of the funds;
|
Information about Portfolio Management and Trading
|
• |
|
Descriptions of the investment management services provided to each fund, as well as each of the funds’ investment strategies and policies;
|
|
• |
|
The procedures and processes used to determine the fair value of fund assets, when necessary, and actions taken to monitor and test the effectiveness of such
procedures and processes; |
|
• |
|
Information about the policies and practices of each fund’s adviser and sub-adviser (as applicable and, in the
context of a sub-adviser, only those with trading responsibilities) with respect to trading, including their processes for seeking best execution of portfolio transactions; |
|
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Information about the allocation of brokerage transactions and the benefits, if any, received by the adviser and
sub-adviser (as applicable and, in the context of a sub-adviser, only those with trading responsibilities) to each fund as a result of brokerage allocation, including,
as applicable, information concerning the acquisition of research through client commission arrangements and policies with respect to “soft dollars”; |
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Data relating to the portfolio turnover rate of each fund; |
Information about each Adviser and Sub-adviser (as applicable)
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Reports detailing the financial results and condition of the adviser and sub-adviser (as applicable) to each fund;
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Information regarding the individual investment professionals whose responsibilities include portfolio management and investment research for the funds, and, for
portfolio managers and certain other investment professionals, information relating to their responsibilities with respect to managing other mutual funds and investment accounts, as applicable; |
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The Code of Ethics of the adviser and its affiliates and the sub-adviser (as applicable) of each fund, together with
information relating to compliance with, and the administration of, such codes; |
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Policies and procedures relating to proxy voting and the handling of corporate actions and class actions; |
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Information concerning the resources devoted to compliance efforts undertaken by the adviser and its affiliates and the
sub-adviser (as applicable) of each fund, if any, including descriptions of their various compliance programs and their record of compliance; |
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Board of Trustees’ Contract Approval — continued
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Information concerning the business continuity and disaster recovery plans of the adviser and its affiliates and the
sub-adviser (as applicable) of each fund, if any; |
Other Relevant Information
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Information concerning the nature, cost and character of the administrative and other non-investment advisory services
provided by Eaton Vance Management and its affiliates; |
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Information concerning oversight of the relationship with the custodian, subcustodians and fund accountants by the adviser and/or administrator to each of the
funds; |
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For an Eaton Vance fund structured as an exchange-listed closed-end fund, information concerning the benefits of the closed-end fund structure, as well as, where relevant, the closed-end fund’s market prices, trading volume data, distribution rates and other matters relevant to
long-term fund shareholders; and |
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The terms of each investment advisory agreement and sub-advisory agreement (as applicable). |
During the various meetings of the Board and its committees throughout the twelve months ended April 2019, the Trustees received information from portfolio managers
and other investment professionals of the advisers and sub-advisers (as applicable) of the funds regarding investment and performance matters, and considered various investment and trading strategies used in
pursuing the funds’ investment objectives. The Trustees also received information regarding risk management techniques employed in connection with the management of the funds. The Board and its committees evaluated issues pertaining to industry
and regulatory developments, compliance procedures, fund governance and other issues with respect to the funds, and received and participated in reports and presentations provided by Eaton Vance Management, Boston Management and Research and fund sub-advisers (as applicable), with respect to such matters. In addition to the formal meetings of the Board and its committees, the Independent Trustees held regular teleconferences to discuss, among other topics,
matters relating to the continuation of investment advisory agreements and sub-advisory agreements (as applicable).
The Contract Review Committee was advised throughout the contract review process by Goodwin Procter LLP, independent legal counsel for the Independent Trustees. The members of the Contract Review Committee, with
the advice of such counsel, exercised their own business judgment in determining the material factors to be considered in evaluating each investment advisory agreement and sub-advisory agreement (as
applicable) and the weight to be given to each such factor. The conclusions reached with respect to each investment advisory agreement and sub-advisory agreement (as applicable) were based on a comprehensive
evaluation of all the information provided and not any single factor. Moreover, each member of the Contract Review Committee may have placed varying emphasis on particular factors in reaching conclusions with respect to each investment advisory
agreement and sub-advisory agreement (as applicable). In evaluating each investment advisory agreement and sub-advisory agreement (as applicable), including the fee
structures and other terms contained in such agreements, the members of the Contract Review Committee were also informed by multiple years of analysis and discussion with the adviser and sub-adviser (as
applicable) to each of the Eaton Vance Funds.
Results of the Contract Review Process — Eaton Vance Limited Duration Income Fund
Based on its consideration of the foregoing, and such other information it deemed relevant, including the factors and conclusions described below, the
Contract Review Committee concluded that the continuation of the investment advisory agreement between Eaton Vance Limited Duration Income Fund (the “Fund”) and Eaton Vance Management (the “Adviser”), including its fee structure,
is in the interests of shareholders and, therefore, recommended to the Board approval of the agreement. Based on the recommendation of the Contract Review Committee, the Board, including a majority of the Independent Trustees, voted to approve
continuation of the investment advisory agreement for the Fund.
Nature, Extent and Quality of Services
In considering whether to approve the investment advisory agreement for the Fund, the Board evaluated the nature, extent and quality of services provided to the
Fund by the Adviser.
The Board considered the Adviser’s management capabilities and investment processes in light of the types of investments held
by the Fund, including the education, experience and number of investment professionals and other personnel who provide portfolio management, investment research, and similar services to the Fund. In particular, the Board considered the abilities
and experience of the Adviser’s investment professionals in analyzing factors such as credit risk in the context of investment grade and below investment grade investments. The Board considered the Adviser’s ability to implement the
Fund’s investment strategy, including, with respect to the component of the Fund invested in below investment grade investments and bank loans, the Adviser’s deep and broad experience with investing in high-yield bonds and senior secured
floating rate loans. The Board also considered, among other things, the Adviser’s experience investing in mortgage-backed securities and other investment grade instruments. As part of its evaluation, the Board considered the resources available
to investment professionals of the Adviser. The Board also took into account the resources dedicated to portfolio management and other services, the compensation methods of the Adviser and other factors, including the reputation and resources of the
Adviser to recruit and retain highly qualified research, advisory and supervisory investment professionals. In addition, the Board considered the time and attention devoted to the Eaton Vance Funds, including the Fund, by senior management, as well
as the infrastructure, operational capabilities and support staff in place to assist in the portfolio management and operations of the Fund, including the provision of administrative services. The Board also considered the business-related and other
risks to which the Adviser or its affiliates may be subject in managing the Fund. The Board considered the deep experience of the Adviser and its affiliates with
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Board of Trustees’ Contract Approval — continued
managing and operating funds organized as exchange-listed closed-end funds, such as the Fund. In this regard, the Board considered, among other things, the Adviser’s and
its affiliates’ experience with implementing leverage arrangements, monitoring and assessing trading price discounts and premiums and adhering to the requirements of securities exchanges.
The Board considered the compliance programs of the Adviser and relevant affiliates thereof. The Board considered compliance and reporting matters regarding, among other things, personal trading by investment
professionals, disclosure of portfolio holdings, late trading, frequent trading, portfolio valuation, business continuity and the allocation of investment opportunities. The Board also considered the responses of the Adviser and its affiliates to
requests in recent years from regulatory authorities, such as the Securities and Exchange Commission and the Financial Industry Regulatory Authority.
The Board considered other administrative services provided or overseen by Eaton Vance Management and its affiliates, including transfer agency and accounting
services. The Board evaluated the benefits to shareholders of investing in a fund that is a part of a large fund complex offering exposure to a variety of asset classes and investment disciplines.
After consideration of the foregoing factors, among others, the Board concluded that the nature, extent and quality of services provided by the Adviser, taken as a
whole, are appropriate and consistent with the terms of the investment advisory agreement.
Fund Performance
The Board compared the Fund’s investment performance to that of comparable funds identified by an independent data provider (the peer group), as well as a
custom peer group of similarly managed funds. The Board’s review included comparative performance data with respect to the Fund for the one-, three-, five- and
ten-year periods ended September 30, 2018. In this regard, the Board noted that the performance of the Fund was higher than the median performance of the Fund’s custom peer group and lower than the
median performance of the Fund’s peer group for the three-year period. After considering information from the Adviser regarding the Fund’s performance over various time periods, the Board concluded that the performance of the Fund was
satisfactory.
Management Fees and Expenses
The Board considered contractual fee rates payable by the Fund for advisory and administrative services (referred to collectively as “management fees”). As part of its review, the Board considered the
Fund’s management fees and total expense ratio for the one-year period ended September 30, 2018, as compared to those of comparable funds, before and after giving effect to any undertaking to waive
fees or reimburse expenses. The Board also considered certain Fund specific factors that had an impact on the Fund’s total expense ratio relative to comparable funds, as identified by management in response to inquiries from the Contract Review
Committee.
After considering the foregoing information, and in light of the nature, extent and quality of the services provided by the Adviser, the
Board concluded that the management fees charged for advisory and related services are reasonable.
Profitability and “Fall-Out” Benefits
The Board considered the level of profits realized by the Adviser and relevant
affiliates thereof in providing investment advisory and administrative services to the Fund and to all Eaton Vance Funds as a group. The Board considered the level of profits realized without regard to marketing support or other payments by the
Adviser and its affiliates to third parties in respect of distribution and other services.
The Board concluded that, in light of the foregoing factors
and the nature, extent and quality of the services rendered, the profits realized by the Adviser and its affiliates are deemed not to be excessive.
The
Board also considered direct or indirect fall-out benefits received by the Adviser and its affiliates in connection with their respective relationships with the Fund, including the benefits of research
services that may be available to the Adviser as a result of securities transactions effected for the Fund and other investment advisory clients.
Economies of Scale
In reviewing management fees and profitability, the Board also considered the
extent to which the Adviser and its affiliates, on the one hand, and the Fund, on the other hand, can expect to realize benefits from economies of scale as the assets of the Fund increase. The Board acknowledged the difficulty in accurately
measuring the benefits resulting from economies of scale, if any, with respect to the management of any specific fund or group of funds. The Board reviewed data summarizing the increases and decreases in the assets of the Fund and of all Eaton Vance
Funds as a group over various time periods, and evaluated the extent to which the total expense ratio of the Fund and the profitability of the Adviser and its affiliates may have been affected by such increases or decreases. Based upon the
foregoing, the Board concluded that the Fund currently shares in the benefits from economies of scale, if any, when they are realized by the Adviser. The Board also considered the fact that the Fund is not continuously offered and that the
Fund’s assets are not expected to increase materially in the foreseeable future. Accordingly, the Board concluded that the implementation of breakpoints in the advisory fee schedule is not warranted at this time.
Eaton Vance
Limited Duration Income Fund
September 30, 2019
Officers and Trustees
Officers
Payson F. Swaffield
President
Maureen A. Gemma
Vice President, Secretary and Chief Legal Officer
James F. Kirchner
Treasurer
Richard F. Froio
Chief Compliance Officer
Trustees
William H. Park
Chairperson
Thomas E. Faust Jr.*
Mark R. Fetting
Cynthia E. Frost
George J. Gorman
Valerie A. Mosley
Helen Frame Peters
Keith Quinton
Marcus L. Smith
Susan J. Sutherland
Scott E. Wennerholm
Eaton Vance Funds
IMPORTANT NOTICES
Privacy. The Eaton Vance organization is committed to ensuring your financial
privacy. Each of the financial institutions identified below has in effect the following policy (“Privacy Policy”) with respect to nonpublic personal information about its customers:
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Only such information received from you, through application forms or otherwise, and information about your Eaton Vance fund transactions will be collected. This
may include information such as name, address, social security number, tax status, account balances and transactions. |
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None of such information about you (or former customers) will be disclosed to anyone, except as permitted by law (which includes disclosure to employees
necessary to service your account). In the normal course of servicing a customer’s account, Eaton Vance may share information with unaffiliated third parties that perform various required services such as transfer agents, custodians and
broker-dealers. |
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Policies and procedures (including physical, electronic and procedural safeguards) are in place that are designed to protect the confidentiality of such
information. |
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We reserve the right to change our Privacy Policy at any time upon proper notification to you. Customers may want to review our Privacy Policy periodically for
changes by accessing the link on our homepage: www.eatonvance.com. |
Our pledge of privacy applies to the following entities within the
Eaton Vance organization: the Eaton Vance Family of Funds, Eaton Vance Management, Eaton Vance Investment Counsel, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers
International Ltd., Eaton Vance Management’s Real Estate Investment Group and Boston Management and Research. In addition, our Privacy Policy applies only to those Eaton Vance customers who are individuals and who have a direct relationship
with us. If a customer’s account (i.e., fund shares) is held in the name of a third-party financial advisor/broker-dealer, it is likely that only such advisor’s privacy policies apply to the customer. This notice supersedes all previously
issued privacy disclosures. For more information about Eaton Vance’s Privacy Policy, please call 1-800-262-1122.
Delivery of
Shareholder Documents. The Securities and Exchange Commission (SEC) permits funds to deliver only one copy of shareholder documents, including prospectuses, proxy statements and
shareholder reports, to fund investors with multiple accounts at the same residential or post office box address. This practice is often called “householding” and it helps eliminate duplicate mailings to shareholders. American
Stock Transfer & Trust Company, LLC (“AST”), the closed-end funds transfer agent, or your financial intermediary, may household the mailing of your documents indefinitely unless you instruct AST, or your financial intermediary,
otherwise. If you would prefer that your Eaton Vance documents not be householded, please contact AST or your financial intermediary. Your instructions that householding not apply to delivery of your Eaton Vance documents will typically be
effective within 30 days of receipt by AST or your financial intermediary.
Portfolio Holdings. Each Eaton Vance Fund and its underlying Portfolio(s) (if applicable) files a schedule of portfolio holdings on Part F to Form N-PORT with the SEC for the first and third quarters of each fiscal year.
The Form N-PORT will be available on the Eaton Vance website at www.eatonvance.com, by calling Eaton Vance at 1-800-262-1122 or in the EDGAR database on the SEC’s website at www.sec.gov.
Proxy Voting. From time to time, funds are required to vote proxies related to the securities held by the funds. The Eaton Vance
Funds or their underlying Portfolios (if applicable) vote proxies according to a set of policies and procedures approved by the Funds’ and Portfolios’ Boards. You may obtain a description of these policies and procedures and information on
how the Funds or Portfolios voted proxies relating to portfolio securities during the most recent 12-month period ended June 30, without charge, upon request, by calling 1-800-262-1122 and by accessing the SEC’s website at www.sec.gov.
Share Repurchase Program. The Fund’s Board of Trustees has
approved a share repurchase program authorizing the Fund to repurchase up to 10% of its common shares outstanding as of the last day of the prior calendar year in open-market transactions at a discount to net asset value. The repurchase program does
not obligate the Fund to purchase a specific amount of shares. The Fund’s repurchase activity, including the number of shares purchased, average price and average discount to net asset value, is disclosed in the Fund’s annual and
semi-annual reports to shareholders.
Additional Notice to
Shareholders. If applicable, a Fund may also redeem or purchase its outstanding preferred shares in order to maintain compliance with regulatory requirements, borrowing or rating agency
requirements or for other purposes as it deems appropriate or necessary.
Closed-End Fund Information. Eaton Vance closed-end funds make fund performance data and certain information about portfolio characteristics available on the Eaton Vance website shortly after the end of each month. Other
information about the funds is available on the website. The funds’ net asset value per share is readily accessible on the Eaton Vance website. Portfolio holdings for the most recent month-end are also posted to the website approximately 30
days following the end of the month. This information is available at www.eatonvance.com on the fund information pages under “Individual Investors — Closed-End Funds”.
This Page Intentionally Left Blank
Investment Adviser and Administrator
Eaton Vance Management
Two International Place
Boston, MA 02110
Custodian
State Street Bank and Trust Company
State Street Financial Center, One Lincoln Street
Boston, MA 02111
Transfer Agent
American Stock Transfer & Trust Company, LLC
6201 15th Avenue
Brooklyn, NY 11219
Fund Offices
Two International Place
Boston, MA 02110
7731 9.30.19
Item 2. Code of Ethics
Not required in this filing.
Item 3. Audit Committee
Financial Expert
Not required in this filing.
Item 4. Principal Accountant Fees and Services
Not
required in this filing.
Item 5. Audit Committee of Listed Registrants
Not required in this filing.
Item 6. Schedule of
Investments
Please see schedule of investments contained in the Report to Stockholders included under Item 1 of this Form N-CSR.
Item 7. Disclosure of Proxy Voting Policies and Procedures for
Closed-End Management Investment Companies
Not required in this filing.
Item 8. Portfolio Managers of Closed-End Management Investment Companies
Not required in this filing.
Item 9. Purchases of
Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
No such purchases this
period.
Item 10. Submission of Matters to a Vote of Security Holders
No material changes.
Item 11. Controls and Procedures
(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the
registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the
registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to
the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.
(b)
There have been no changes in the registrant’s internal controls over financial reporting during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal
control over financial reporting.
Item 12. Disclosure of Securities Lending Activities for
Closed-End Management Investment Companies
No activity to report for the registrant’s most recent fiscal
year end.
Item 13. Exhibits
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(a)(1) |
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Registrant’s Code of Ethics – Not applicable (please see Item 2). |
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(a)(2)(i) |
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Treasurer’s Section 302 certification. |
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(a)(2)(ii) |
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President’s Section 302 certification. |
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(b) |
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Combined Section 906 certification. |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
Eaton Vance Limited Duration Income Fund
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By: |
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/s/ Payson F. Swaffield |
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Payson F. Swaffield |
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President |
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Date: |
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November 21, 2019 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has
been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
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By: |
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/s/ James F. Kirchner |
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James F. Kirchner |
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Treasurer |
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Date: |
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November 21, 2019 |
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By: |
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/s/ Payson F. Swaffield |
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Payson F. Swaffield |
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President |
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Date: |
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November 21, 2019 |