Eaton Vance
Tax-Advantaged Dividend Income Fund
July 31, 2020
PORTFOLIO OF INVESTMENTS (Unaudited)
Common Stocks 95.0%(1)
Security | Shares | Value | ||||||
Aerospace & Defense 2.9% |
||||||||
Hexcel Corp. |
508,164 | $ | 18,954,517 | |||||
Huntington Ingalls Industries, Inc. |
93,159 | 16,182,650 | ||||||
Textron, Inc. |
278,161 | 9,718,945 | ||||||
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$ | 44,856,112 | |||||||
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Banks 10.4% |
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Bank of America Corp. |
1,646,253 | $ | 40,958,775 | |||||
JPMorgan Chase & Co. |
528,940 | 51,116,762 | ||||||
KeyCorp. |
990,274 | 11,893,191 | ||||||
PNC Financial Services Group, Inc. (The) |
281,037 | 29,978,217 | ||||||
Sterling Bancorp |
504,397 | 5,674,466 | ||||||
Truist Financial Corp. |
606,336 | 22,713,346 | ||||||
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|||||||
$ | 162,334,757 | |||||||
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Beverages 2.1% |
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Constellation Brands, Inc., Class A |
60,947 | $ | 10,860,755 | |||||
PepsiCo, Inc. |
155,879 | 21,458,303 | ||||||
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$ | 32,319,058 | |||||||
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Building Products 1.3% |
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A.O. Smith Corp. |
413,601 | $ | 19,910,752 | |||||
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$ | 19,910,752 | |||||||
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Capital Markets 3.8% |
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Charles Schwab Corp. (The) |
206,260 | $ | 6,837,519 | |||||
Goldman Sachs Group, Inc. (The) |
115,138 | 22,792,719 | ||||||
Raymond James Financial, Inc. |
183,850 | 12,773,898 | ||||||
S&P Global, Inc. |
49,025 | 17,171,006 | ||||||
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$ | 59,575,142 | |||||||
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Communications Equipment 1.8% |
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Cisco Systems, Inc. |
603,227 | $ | 28,411,992 | |||||
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$ | 28,411,992 | |||||||
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Construction & Engineering 0.0%(2) |
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Abengoa S.A., Class A(3)(4) |
571,132 | $ | 10,831 | |||||
Abengoa S.A., Class B(3)(4) |
5,905,644 | 43,131 | ||||||
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$ | 53,962 | |||||||
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Containers & Packaging 2.2% |
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Ball Corp. |
178,956 | $ | 13,176,530 | |||||
Packaging Corp. of America |
213,388 | 20,510,855 | ||||||
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|||||||
$ | 33,687,385 | |||||||
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1
Security | Shares | Value | ||||||
Diversified Telecommunication Services 3.2% |
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Verizon Communications, Inc. |
857,549 | $ | 49,291,916 | |||||
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$ | 49,291,916 | |||||||
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|
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Electric Utilities 4.6% |
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Edison International |
579,378 | $ | 32,253,973 | |||||
NextEra Energy, Inc. |
140,191 | 39,351,614 | ||||||
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$ | 71,605,587 | |||||||
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Electrical Equipment 1.7% |
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Eaton Corp. PLC |
284,592 | $ | 26,504,053 | |||||
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$ | 26,504,053 | |||||||
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Entertainment 2.5% |
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Walt Disney Co. (The) |
335,721 | $ | 39,259,214 | |||||
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$ | 39,259,214 | |||||||
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Equity Real Estate Investment Trusts (REITs) 5.0% |
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Cousins Properties, Inc. |
438,439 | $ | 13,468,846 | |||||
CubeSmart |
967,493 | 28,705,517 | ||||||
EastGroup Properties, Inc. |
95,696 | 12,695,032 | ||||||
Mid-America Apartment Communities, Inc. |
192,694 | 22,967,198 | ||||||
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$ | 77,836,593 | |||||||
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Food & Staples Retailing 1.4% |
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Walmart, Inc. |
168,178 | $ | 21,762,233 | |||||
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$ | 21,762,233 | |||||||
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Food Products 2.6% |
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General Mills, Inc. |
120,731 | $ | 7,638,650 | |||||
Mondelez International, Inc., Class A |
587,618 | 32,606,923 | ||||||
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$ | 40,245,573 | |||||||
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Health Care Equipment & Supplies 5.6% |
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Abbott Laboratories |
191,593 | $ | 19,281,920 | |||||
Baxter International, Inc. |
218,115 | 18,840,774 | ||||||
Boston Scientific Corp.(3) |
234,655 | 9,050,643 | ||||||
Medtronic PLC |
421,275 | 40,644,612 | ||||||
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$ | 87,817,949 | |||||||
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Hotels, Restaurants & Leisure 0.5% |
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Starbucks Corp. |
96,604 | $ | 7,393,104 | |||||
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$ | 7,393,104 | |||||||
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Household Durables 0.9% |
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D.R. Horton, Inc. |
208,833 | $ | 13,816,391 | |||||
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$ | 13,816,391 | |||||||
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2
Security | Shares | Value | ||||||
Insurance 4.4% |
||||||||
Allstate Corp. (The) |
152,895 | $ | 14,431,759 | |||||
American International Group, Inc. |
529,726 | 17,025,394 | ||||||
Arch Capital Group, Ltd.(3) |
281,631 | 8,660,153 | ||||||
Reinsurance Group of America, Inc. |
113,823 | 9,703,411 | ||||||
Travelers Cos., Inc. (The) |
170,634 | 19,523,942 | ||||||
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$ | 69,344,659 | |||||||
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Interactive Media & Services 2.4% |
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Alphabet, Inc., Class C(3) |
25,361 | $ | 37,609,349 | |||||
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$ | 37,609,349 | |||||||
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IT Services 4.1% |
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Cognizant Technology Solutions Corp., Class A |
297,705 | $ | 20,339,206 | |||||
Euronet Worldwide, Inc.(3) |
148,089 | 14,237,276 | ||||||
Fidelity National Information Services, Inc. |
196,088 | 28,689,635 | ||||||
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$ | 63,266,117 | |||||||
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Life Sciences Tools & Services 0.7% |
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Thermo Fisher Scientific, Inc. |
27,639 | $ | 11,441,164 | |||||
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$ | 11,441,164 | |||||||
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|
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Machinery 4.1% |
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Ingersoll Rand, Inc.(3) |
723,238 | $ | 22,847,088 | |||||
Parker-Hannifin Corp. |
109,032 | 19,508,006 | ||||||
Stanley Black & Decker, Inc. |
141,906 | 21,757,028 | ||||||
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|
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$ | 64,112,122 | |||||||
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|
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Media 0.5% |
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Fox Corp., Class A |
326,052 | $ | 8,402,360 | |||||
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$ | 8,402,360 | |||||||
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|
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Metals & Mining 1.9% |
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Rio Tinto PLC ADR |
214,817 | $ | 13,112,430 | |||||
Steel Dynamics, Inc. |
592,471 | 16,239,630 | ||||||
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$ | 29,352,060 | |||||||
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Multi-Utilities 3.0% |
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CMS Energy Corp. |
437,287 | $ | 28,065,080 | |||||
Sempra Energy |
155,751 | 19,384,769 | ||||||
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|
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$ | 47,449,849 | |||||||
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|
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Oil, Gas & Consumable Fuels 5.0% |
||||||||
Chevron Corp. |
279,032 | $ | 23,421,946 | |||||
ConocoPhillips |
601,839 | 22,502,760 | ||||||
EOG Resources, Inc. |
270,061 | 12,652,358 | ||||||
Phillips 66 |
308,424 | 19,128,457 | ||||||
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|
|||||||
$ | 77,705,521 | |||||||
|
|
3
Security | Shares | Value | ||||||
Personal Products 0.8% |
| |||||||
Estee Lauder Cos., Inc. (The), Class A |
60,964 | $ | 12,042,829 | |||||
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|
|||||||
$ | 12,042,829 | |||||||
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|
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Pharmaceuticals 8.1% |
| |||||||
GlaxoSmithKline PLC ADR |
396,137 | $ | 15,972,244 | |||||
Johnson & Johnson |
371,557 | 54,158,148 | ||||||
Royalty Pharma PLC, Class A(3) |
127,363 | 5,482,977 | ||||||
Sanofi |
224,225 | 23,542,976 | ||||||
Zoetis, Inc. |
181,489 | 27,528,252 | ||||||
|
|
|||||||
$ | 126,684,597 | |||||||
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|
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Road & Rail 0.6% |
| |||||||
CSX Corp. |
131,183 | $ | 9,358,595 | |||||
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|
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$ | 9,358,595 | |||||||
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|
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Semiconductors & Semiconductor Equipment 1.9% |
| |||||||
Intel Corp. |
262,267 | $ | 12,518,004 | |||||
QUALCOMM, Inc. |
164,754 | 17,399,670 | ||||||
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|
|||||||
$ | 29,917,674 | |||||||
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|
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Specialty Retail 2.6% |
| |||||||
Best Buy Co., Inc. |
120,493 | $ | 11,999,898 | |||||
Lowes Cos., Inc. |
59,081 | 8,797,752 | ||||||
TJX Cos., Inc. (The) |
145,581 | 7,568,756 | ||||||
Tractor Supply Co. |
81,048 | 11,568,791 | ||||||
|
|
|||||||
$ | 39,935,197 | |||||||
|
|
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Technology Hardware, Storage & Peripherals 2.0% |
| |||||||
Apple, Inc. |
62,758 | $ | 26,674,660 | |||||
HP, Inc. |
264,165 | 4,644,021 | ||||||
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|
|||||||
$ | 31,318,681 | |||||||
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|
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Textiles, Apparel & Luxury Goods 0.4% |
| |||||||
Ralph Lauren Corp., Class A |
80,341 | $ | 5,728,313 | |||||
|
|
|||||||
$ | 5,728,313 | |||||||
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|
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Total Common Stocks |
|
$ | 1,480,350,860 | |||||
|
|
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Preferred Stocks 8.7%(1) |
| |||||||
Security | Shares | Value | ||||||
Banks 1.4% |
| |||||||
AgriBank FCB, 6.875% to 1/1/24(5) |
92,513 | $ | 9,806,378 | |||||
CoBank ACB, Series F, 6.25% to 10/1/22(5) |
78,033 | 8,076,416 | ||||||
Farm Credit Bank of Texas, 6.75% to 9/15/23(5)(6) |
13,800 | 1,462,800 | ||||||
Texas Capital Bancshares, Inc., 6.50% |
117,223 | 3,019,664 | ||||||
|
|
|||||||
$ | 22,365,258 | |||||||
|
|
4
Security | Shares | Value | ||||||
Electric Utilities 2.0% |
| |||||||
Duke Energy Corp., Series A, 5.75% |
331,300 | $ | 9,445,363 | |||||
NextEra Energy Capital Holdings, Inc., Series I, 5.125% |
168,192 | 4,273,759 | ||||||
SCE Trust III, Series H, 5.75% to 3/15/24(5) |
479,000 | 10,815,820 | ||||||
Southern Co. (The), 4.95% |
258,000 | 6,759,600 | ||||||
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|
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$ | 31,294,542 | |||||||
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|
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Equity Real Estate Investment Trusts (REITs) 0.5% |
| |||||||
SITE Centers Corp., Series A, 6.375% |
250,625 | $ | 5,744,325 | |||||
SITE Centers Corp., Series K, 6.25% |
41,325 | 960,806 | ||||||
Vornado Realty Trust, Series K, 5.70% |
56,027 | 1,350,251 | ||||||
|
|
|||||||
$ | 8,055,382 | |||||||
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|
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Food Products 0.9% |
| |||||||
Dairy Farmers of America, Inc., 7.875%(6) |
94,450 | $ | 8,406,050 | |||||
Ocean Spray Cranberries, Inc., 6.25%(6) |
57,835 | 4,756,929 | ||||||
|
|
|||||||
$ | 13,162,979 | |||||||
|
|
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Independent Power and Renewable Electricity Producers 0.2% |
| |||||||
Algonquin Power & Utilities Corp., Series 19-A, 6.20% to 7/1/24(5) |
120,475 | $ | 3,237,464 | |||||
|
|
|||||||
$ | 3,237,464 | |||||||
|
|
|||||||
Insurance 1.4% |
| |||||||
American Equity Investment Life Holding Co., Series B, 6.625% to 9/1/25(5) |
420,000 | $ | 10,470,600 | |||||
Athene Holding, Ltd., Series C, 6.375% to 6/30/25(5) |
444,000 | 11,628,360 | ||||||
|
|
|||||||
$ | 22,098,960 | |||||||
|
|
|||||||
Multi-Utilities 0.1% |
| |||||||
DTE Energy Co., Series C, 5.25% |
59,547 | $ | 1,529,167 | |||||
|
|
|||||||
$ | 1,529,167 | |||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 0.8% |
| |||||||
NuStar Energy, L.P., Series B, 7.625% to 6/15/22(5) |
733,275 | $ | 12,824,980 | |||||
|
|
|||||||
$ | 12,824,980 | |||||||
|
|
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Pipelines 0.4% |
| |||||||
Energy Transfer Operating, L.P., Series C, 7.375% to 5/15/23(5) |
210,000 | $ | 3,815,700 | |||||
Energy Transfer Operating, L.P., Series E, 7.60% to 5/15/24(5) |
108,840 | 2,070,137 | ||||||
|
|
|||||||
$ | 5,885,837 | |||||||
|
|
|||||||
Real Estate Management & Development 1.0% |
| |||||||
Brookfield Property Partners, L.P., Series A, 5.75% |
407,092 | $ | 7,327,656 | |||||
Brookfield Property Partners, L.P., Series A, 6.50% |
185,075 | 3,710,754 | ||||||
Brookfield Property Partners, L.P., Series A2, 6.375% |
242,352 | 4,723,440 | ||||||
|
|
|||||||
$ | 15,761,850 | |||||||
|
|
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Total Preferred Stocks |
|
$ | 136,216,419 | |||||
|
|
5
Corporate Bonds & Notes 19.7%(1) |
| |||||||
Security | Principal Amount (000s omitted) |
Value | ||||||
Banks 9.2% |
| |||||||
Banco Mercantil del Norte S.A./Grand Cayman, 7.50% to 6/27/29(5)(6)(7) |
$ | 4,421 | $ | 4,217,899 | ||||
Banco Mercantil del Norte S.A./Grand Cayman, 7.625% to 1/10/28(5)(6)(7) |
2,101 | 2,006,455 | ||||||
Banco Mercantil del Norte S.A./Grand Cayman, 8.375% to 10/14/30(5)(6)(7) |
2,300 | 2,327,140 | ||||||
Bank of New York Mellon Corp. (The), Series G, 4.70% to 9/20/25(5)(7) |
2,747 | 2,981,264 | ||||||
Barclays PLC, 7.75% to 9/15/23(5)(7) |
4,572 | 4,659,648 | ||||||
Barclays PLC, 7.875% to 3/15/22(5)(7)(8) |
6,393 | 6,578,908 | ||||||
Citigroup, Inc., 5.95% to 1/30/23(5)(7) |
3,850 | 4,003,457 | ||||||
Citigroup, Inc., Series M, 6.30% to 5/15/24(5)(7) |
12,050 | 12,480,125 | ||||||
Comerica, Inc., 5.625% to 7/1/25(5)(7) |
11,105 | 11,885,683 | ||||||
Credit Suisse Group AG, 7.50% to 7/17/23(5)(6)(7) |
10,607 | 11,192,878 | ||||||
Farm Credit Bank of Texas, Series 3, 6.20% to 6/15/28(5)(6)(7) |
5,827 | 5,865,953 | ||||||
HSBC Holdings PLC, 6.375% to 9/17/24(5)(7) |
2,376 | 2,359,831 | ||||||
HSBC Holdings PLC, 6.875% to 6/1/21(5)(7) |
8,429 | 8,594,518 | ||||||
Huntington Bancshares, Inc., Series F, 5.625% to 7/15/30(5)(7) |
5,549 | 6,138,470 | ||||||
ING Groep NV, 6.50% to 4/16/25(5)(7) |
4,900 | 5,110,945 | ||||||
JPMorgan Chase & Co., Series X, 6.10% to 10/1/24(5)(7) |
12,014 | 12,671,077 | ||||||
Lloyds Banking Group PLC, 7.50% to 6/27/24(5)(7) |
11,145 | 11,782,717 | ||||||
Natwest Group PLC, 6.00% to 12/29/25(5)(7) |
3,129 | 3,293,273 | ||||||
Natwest Group PLC, 8.00% to 8/10/25(5)(7) |
8,348 | 9,430,903 | ||||||
Regions Financial Corp., Series D, 5.75% to 6/15/25(5)(7) |
2,833 | 3,024,228 | ||||||
Standard Chartered PLC, 6.00% to 7/26/25(5)(6)(7) |
2,886 | 2,931,281 | ||||||
Truist Financial Corp., Series P, 4.95% to 9/1/25(5)(7) |
2,775 | 2,969,250 | ||||||
Truist Financial Corp., Series Q, 5.10% to 3/1/30(5)(7) |
3,445 | 3,746,438 | ||||||
Zions Bancorp NA, 5.80% to 6/15/23(5)(7) |
2,743 | 2,498,966 | ||||||
|
|
|||||||
$ | 142,751,307 | |||||||
|
|
|||||||
Capital Markets 1.9% |
| |||||||
AerCap Holdings NV, 5.875% to 10/10/24, 10/10/79(5) |
$ | 5,450 | $ | 4,187,807 | ||||
Morgan Stanley, Series J, 4.085% to 10/15/20(5)(7) |
11,100 | 10,872,361 | ||||||
UBS Group AG, 6.875% to 8/7/25(5)(7)(8) |
13,656 | 14,748,534 | ||||||
|
|
|||||||
$ | 29,808,702 | |||||||
|
|
|||||||
Diversified Financial Services 0.9% |
| |||||||
Credito Real SAB de CV, 9.50%, 2/7/26(6) |
$ | 2,390 | $ | 2,355,261 | ||||
Credito Real SAB de CV, 5.00%, 2/1/27(6) |
3,330 | 3,385,006 | ||||||
Discover Financial Services, Series D, 6.125% to 6/23/25(5)(7) |
4,538 | 4,834,332 | ||||||
Textron Financial Corp., 2.127%, (3 mo. USD LIBOR + 1.735%), 2/15/67(6)(9) |
3,129 | 2,070,459 | ||||||
Unifin Financiera SAB de CV, 7.375%, 2/12/26(6) |
2,410 | 1,840,180 | ||||||
|
|
|||||||
$ | 14,485,238 | |||||||
|
|
6
Security | Principal Amount (000s omitted) |
Value | ||||||
Electric Utilities 1.8% |
| |||||||
Emera, Inc., Series 16-A, 6.75% to 6/15/26, 6/15/76(5) |
$ | 5,475 | $ | 6,095,017 | ||||
NextEra Energy Capital Holdings, Inc., 5.65% to 5/1/29, 5/1/79(5) |
6,305 | 7,183,225 | ||||||
Sempra Energy, 4.875% to 10/15/25(5)(7) |
10,520 | 10,917,656 | ||||||
Southern Co. (The), Series B, 5.50% to 3/15/22, 3/15/57(5) |
4,320 | 4,442,041 | ||||||
|
|
|||||||
$ | 28,637,939 | |||||||
|
|
|||||||
Food Products 1.1% |
| |||||||
Land O Lakes, Inc., 8.00%(6)(7) |
$ | 17,300 | $ | 17,127,000 | ||||
|
|
|||||||
$ | 17,127,000 | |||||||
|
|
|||||||
Gas Utilities 0.6% |
| |||||||
NiSource, Inc., 5.65% to 6/15/23(5)(7) |
$ | 9,015 | $ | 8,794,042 | ||||
|
|
|||||||
$ | 8,794,042 | |||||||
|
|
|||||||
Insurance 0.7% |
| |||||||
QBE Insurance Group, Ltd., 5.875% to 5/12/25(5)(6)(7) |
$ | 9,824 | $ | 10,315,200 | ||||
|
|
|||||||
$ | 10,315,200 | |||||||
|
|
|||||||
Multi-Utilities 1.0% |
| |||||||
Centerpoint Energy, Inc., Series A, 6.125% to 9/1/23(5)(7) |
$ | 11,713 | $ | 11,646,225 | ||||
Dominion Resources, Inc., 5.75% to 10/1/24, 10/1/54(5) |
4,430 | 4,694,920 | ||||||
|
|
|||||||
$ | 16,341,145 | |||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 2.2% |
| |||||||
DCP Midstream, L.P., Series A, 7.375% to 12/15/22(5)(7) |
$ | 11,560 | $ | 8,543,949 | ||||
EnLink Midstream Partners, L.P., Series C, 6.00% to 12/15/22(5)(7) |
17,965 | 7,096,175 | ||||||
EQT Corp., 6.125%, 2/1/25 |
4,535 | 5,006,164 | ||||||
Gran Tierra Energy, Inc., 7.75%, 5/23/27(6) |
6,670 | 3,205,769 | ||||||
Odebrecht Oil & Gas Finance, Ltd., 0.00%(6)(7) |
1 | 2 | ||||||
Plains All American Pipeline, L.P., Series B, 6.125% to 11/15/22(5)(7) |
14,630 | 10,237,351 | ||||||
|
|
|||||||
$ | 34,089,410 | |||||||
|
|
|||||||
Pipelines 0.3% |
| |||||||
Energy Transfer Operating, L.P., Series B, 6.625% to 2/15/28(5)(7) |
$ | 6,395 | $ | 4,615,559 | ||||
|
|
|||||||
$ | 4,615,559 | |||||||
|
|
|||||||
Total Corporate Bonds & Notes |
|
$ | 306,965,542 | |||||
|
|
|||||||
Exchange-Traded Funds 4.1% |
| |||||||
Security | Shares | Value | ||||||
Equity Funds 4.1% |
| |||||||
First Trust Preferred Securities and Income ETF(1) |
1,675,563 | $ | 32,070,276 | |||||
iShares Preferred & Income Securities ETF(1) |
869,561 | 31,460,717 | ||||||
|
|
|||||||
Total Exchange-Traded Funds |
|
$ | 63,530,993 | |||||
|
|
7
Short-Term Investments 1.5%
Description | Units | Value | ||||||
Eaton Vance Cash Reserves Fund, LLC, 0.22%(10) |
23,588,534 | $ | 23,586,175 | |||||
|
|
|||||||
Total Short-Term Investments |
|
$ | 23,586,175 | |||||
|
|
|||||||
Total Investments 129.0% |
|
$ | 2,010,649,989 | |||||
|
|
|||||||
Other Assets, Less Liabilities (29.0)% |
|
$ | (451,412,134 | ) | ||||
|
|
|||||||
Net Assets 100.0% |
|
$ | 1,559,237,855 | |||||
|
|
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
(1) | Security (or a portion thereof) has been segregated as collateral with the custodian for borrowings under the Credit Agreement. |
(2) | Amount is less than 0.05%. |
(3) | Non-income producing security. |
(4) | For fair value measurement disclosure purposes, security is categorized as Level 3. |
(5) | Security converts to variable rate after the indicated fixed-rate coupon period. |
(6) | 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 July 31, 2020, the aggregate value of these securities is $83,466,262 or 5.4% of the Funds net assets. |
(7) | Perpetual security with no stated maturity date but may be subject to calls by the issuer. |
(8) | 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 July 31, 2020, the aggregate value of these securities is $21,327,442 or 1.4% of the Funds net assets. |
(9) | Variable rate security. The stated dividend/interest rate represents the rate in effect at July 31, 2020. |
(10) | 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 July 31, 2020. |
8
Country Concentration of Portfolio
Country | Percentage of Total Investments |
Value | ||||||
United States |
86.0 | % | $ | 1,729,933,565 | ||||
United Kingdom |
4.2 | 84,198,730 | ||||||
Ireland |
1.5 | 30,691,860 | ||||||
Switzerland |
1.3 | 25,941,412 | ||||||
France |
1.2 | 23,542,976 | ||||||
Mexico |
0.8 | 16,131,941 | ||||||
Canada |
0.6 | 12,538,250 | ||||||
Australia |
0.5 | 10,315,200 | ||||||
Bermuda |
0.4 | 8,660,153 | ||||||
Netherlands |
0.3 | 5,110,945 | ||||||
Spain |
0.0 | (1) | 53,962 | |||||
Brazil |
0.0 | (1) | 2 | |||||
Exchange-Traded Funds |
3.2 | 63,530,993 | ||||||
|
|
|
|
|||||
Total Investments |
100.0 | % | $ | 2,010,649,989 | ||||
|
|
|
|
(1) | Amount is less than 0.05%. |
9
Forward Foreign Currency Exchange Contracts
Currency Purchased |
Currency Sold |
Counterparty |
Settlement Date |
Unrealized Appreciation |
Unrealized (Depreciation) |
|||||||||||||||||||
USD | 6,801,246 | EUR | 6,175,525 | State Street Bank and Trust Company | 8/31/20 | $ | | $ | (477,356 | ) | ||||||||||||||
|
|
|
|
|||||||||||||||||||||
$ | | $ | (477,356 | ) | ||||||||||||||||||||
|
|
|
|
Abbreviations:
ADR |
- | American Depositary Receipt | ||
EUR |
- | Euro | ||
LIBOR |
- | London Interbank Offered Rate | ||
USD |
- | United States Dollar |
10
At July 31, 2020, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.
The Fund is subject to foreign exchange risk in the normal course of pursuing its investment objective. The Fund entered into forward foreign currency exchange contracts to seek to hedge against fluctuations in currency exchange rates.
At July 31, 2020, the value of the Funds investment in affiliated funds was $23,586,175, which represents 1.5% of the Funds net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended July 31, 2020 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 |
$ | 16,711,957 | $ | 256,420,103 | $ | (249,545,780 | ) | $ | 1,236 | $ | (1,341 | ) | $ | 23,586,175 | $ | 83,209 | 23,588,534 |
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 funds 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.
11
At July 31, 2020, the hierarchy of inputs used in valuing the Funds investments and open derivative instruments, which are carried at value, were as follows:
Asset Description | Level 1 | Level 2 | Level 3* | Total | ||||||||||||
Common Stocks |
||||||||||||||||
Communication Services |
$ | 134,562,839 | $ | | $ | | $ | 134,562,839 | ||||||||
Consumer Discretionary |
66,873,005 | | | 66,873,005 | ||||||||||||
Consumer Staples |
106,369,693 | | | 106,369,693 | ||||||||||||
Energy |
77,705,521 | | | 77,705,521 | ||||||||||||
Financials |
291,254,558 | | | 291,254,558 | ||||||||||||
Health Care |
202,400,734 | 23,542,976 | | 225,943,710 | ||||||||||||
Industrials |
164,741,634 | | 53,962 | 164,795,596 | ||||||||||||
Information Technology |
152,914,464 | | | 152,914,464 | ||||||||||||
Materials |
63,039,445 | | | 63,039,445 | ||||||||||||
Real Estate |
77,836,593 | | | 77,836,593 | ||||||||||||
Utilities |
119,055,436 | | | 119,055,436 | ||||||||||||
Total Common Stocks |
$ | 1,456,753,922 | $ | 23,542,976 | ** | $ | 53,962 | $ | 1,480,350,860 | |||||||
Preferred Stocks |
||||||||||||||||
Consumer Staples |
$ | | $ | 13,162,979 | $ | | $ | 13,162,979 | ||||||||
Energy |
18,710,817 | | | 18,710,817 | ||||||||||||
Financials |
25,118,624 | 19,345,594 | | 44,464,218 | ||||||||||||
Real Estate |
23,817,232 | | | 23,817,232 | ||||||||||||
Utilities |
32,823,709 | 3,237,464 | | 36,061,173 | ||||||||||||
Total Preferred Stocks |
$ | 100,470,382 | $ | 35,746,037 | $ | | $ | 136,216,419 | ||||||||
Corporate Bonds & Notes |
$ | | $ | 306,965,542 | $ | | $ | 306,965,542 | ||||||||
Exchange-Traded Funds |
63,530,993 | | | 63,530,993 | ||||||||||||
Short-Term Investments |
| 23,586,175 | | 23,586,175 | ||||||||||||
Total Investments |
$ | 1,620,755,297 | $ | 389,840,730 | $ | 53,962 | $ | 2,010,649,989 | ||||||||
Liability Description | ||||||||||||||||
Forward Foreign Currency Exchange Contracts |
$ | | $ | (477,356 | ) | $ | | $ | (477,356 | ) | ||||||
Total |
$ | | $ | (477,356 | ) | $ | | $ | (477,356 | ) |
* | None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Fund. |
** | Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets. |
12
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended July 31, 2020 is not presented.
For information on the Funds policy regarding the valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements included in its semiannual or annual report to shareholders.
13