Eaton Vance

Dividend Builder Fund

September 30, 2021

Portfolio of Investments (Unaudited)

Common Stocks — 99.5%

Security	Shares		Value
Aerospace & Defense — 3.6%
L3Harris Technologies, Inc.		53,800	$	11,848,912
Raytheon Technologies Corp.		282,900		24,318,084
			$	36,166,996
Banks — 5.6%
JPMorgan Chase & Co.		198,300	$	32,459,727
PNC Financial Services Group, Inc. (The)		120,700		23,613,748
			$	56,073,475
Beverages — 3.6%
Coca-Cola Europacific Partners PLC		306,200	$	16,929,798
PepsiCo, Inc.		128,400		19,312,644
			$	36,242,442
Biotechnology — 3.6%
AbbVie, Inc.		228,800	$	24,680,656
Amgen, Inc.		56,600		12,035,990
			$	36,716,646
Capital Markets — 5.3%
BlackRock, Inc.		18,800	$	15,766,808
Intercontinental Exchange, Inc.		128,900		14,800,298
S&P Global, Inc.		53,100		22,561,659
			$	53,128,765
Chemicals — 0.6%
Air Products and Chemicals, Inc.		25,600	$	6,556,416
			$	6,556,416
Communications Equipment — 1.6%
Cisco Systems, Inc.		305,200	$	16,612,036
			$	16,612,036
Electric Utilities — 1.1%
Xcel Energy, Inc.		184,700	$	11,543,750
			$	11,543,750
Electrical Equipment — 1.1%
Emerson Electric Co.		121,200	$	11,417,040
			$	11,417,040

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Security	Shares		Value
Equity Real Estate Investment Trusts (REITs) — 2.1%
Lamar Advertising Co., Class A		189,200	$	21,464,740
			$	21,464,740
Health Care Equipment & Supplies — 4.6%
Danaher Corp.		85,300	$	25,968,732
Medtronic PLC		165,300		20,720,355
			$	46,689,087
Health Care Providers & Services — 2.9%
UnitedHealth Group, Inc.		76,100	$	29,735,314
			$	29,735,314
Hotels, Restaurants & Leisure — 3.2%
McDonald’s Corp.		78,500	$	18,927,135
Starbucks Corp.		122,300		13,490,913
			$	32,418,048
Industrial Conglomerates — 1.6%
Honeywell International, Inc.		77,500	$	16,451,700
			$	16,451,700
Insurance — 2.0%
American Financial Group, Inc.		157,100	$	19,767,893
			$	19,767,893
Interactive Media & Services — 6.4%
Alphabet, Inc., Class A(1)		8,300	$	22,190,216
Alphabet, Inc., Class C(1)		7,514		20,027,139
Facebook, Inc., Class A(1)		64,900		22,026,411
			$	64,243,766
Internet & Direct Marketing Retail — 3.6%
Amazon.com, Inc.(1)		11,100	$	36,463,944
			$	36,463,944
IT Services — 8.9%
Accenture PLC, Class A		56,500	$	18,075,480
Automatic Data Processing, Inc.		103,800		20,751,696
Broadridge Financial Solutions, Inc.		64,700		10,781,608
Fidelity National Information Services, Inc.		101,800		12,387,024
Visa, Inc., Class A		126,800		28,244,700
			$	90,240,508
Machinery — 0.7%
Stanley Black & Decker, Inc.		37,600	$	6,591,656
			$	6,591,656

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Security	Shares		Value
Media — 1.8%
Comcast Corp., Class A		316,500	$	17,701,845
			$	17,701,845
Multiline Retail — 1.1%
Dollar General Corp.		53,700	$	11,391,918
			$	11,391,918
Oil, Gas & Consumable Fuels — 2.5%
EOG Resources, Inc.		163,500	$	13,124,145
Phillips 66		170,900		11,968,127
			$	25,092,272
Pharmaceuticals — 3.6%
Johnson & Johnson		135,900	$	21,947,850
Sanofi		149,600		14,401,095
			$	36,348,945
Professional Services — 1.5%
Booz Allen Hamilton Holding Corp., Class A		185,200	$	14,695,620
			$	14,695,620
Road & Rail — 1.4%
Union Pacific Corp.		69,900	$	13,701,099
			$	13,701,099
Semiconductors & Semiconductor Equipment — 4.6%
Broadcom, Inc.		49,600	$	24,052,528
Texas Instruments, Inc.		115,300		22,161,813
			$	46,214,341
Software — 8.8%
Microsoft Corp.		262,467	$	73,994,697
VMware, Inc., Class A(1)(2)		101,300		15,063,310
			$	89,058,007
Specialty Retail — 5.0%
Bath & Body Works, Inc.		117,400	$	7,399,722
Home Depot, Inc. (The)		85,300		28,000,578
TJX Cos., Inc. (The)		222,800		14,700,344
			$	50,100,644
Technology Hardware, Storage & Peripherals — 5.7%
Apple, Inc.		403,748	$	57,130,342
			$	57,130,342

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Security	Shares		Value
Tobacco — 1.4%
Philip Morris International, Inc.		146,100	$	13,848,819
			$	13,848,819
Total Common Stocks (identified cost $655,206,407)			$	1,003,808,074
Short-Term Investments — 1.1%
Affiliated Fund — 0.6%
Description	Units		Value
Eaton Vance Cash Reserves Fund, LLC, 0.05%(3)		5,870,313	$	5,870,313
Total Affiliated Fund (identified cost $5,870,313)			$	5,870,313
Securities Lending Collateral — 0.5%
Security	Shares		Value
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(4)		5,829,431	$	5,829,431
Total Securities Lending Collateral (identified cost $5,829,431)			$	5,829,431
Total Short-Term Investments (identified cost $11,699,744)			$	11,699,744
Total Investments — 100.6% (identified cost $666,906,151)			$	1,015,507,818
Other Assets, Less Liabilities — (0.6)%			$	(6,353,680	)
Net Assets — 100.0%			$	1,009,154,138

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

⁽¹⁾  Non-income producing security.

⁽²⁾  All or a portion of this security was on loan at September 30, 2021. The aggregate market value of securities on loan at September 30, 2021 was $14,912,677 and the total market value of the collateral received by the Fund was $15,407,317, comprised of cash of $5,829,431 and U.S. government and/or agencies securities of $9,577,886.

⁽³⁾  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, 2021.

⁽⁴⁾  Represents investment of cash collateral received in connection with securities lending.

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The Fund did not have any open derivative instruments at September 30, 2021.

At September 30, 2021, the value of the Fund’s investment in affiliated funds was $ 5,870,313, which represents 0.6% of the Fund’s net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended September 30, 2021 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	$	2,158,673	$	79,731,659	$	(76,020,007	)	$	(12	)	$	—	$	5,870,313	$	1,100		5,870,313

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, 2021, the hierarchy of inputs used in valuing the Fund’s investments, which are carried at value, were as follows:

Asset Description	Level 1		Level 2			Level 3		Total
Common Stocks
Communication Services	$	81,945,611	$	—		$	—	$	81,945,611
Consumer Discretionary		130,374,554		—			—		130,374,554
Consumer Staples		50,091,261		—			—		50,091,261
Energy		25,092,272		—			—		25,092,272
Financials		128,970,133		—			—		128,970,133
Health Care		135,088,897		14,401,095			—		149,489,992
Industrials		99,024,111		—			—		99,024,111
Information Technology		299,255,234		—			—		299,255,234
Materials		6,556,416		—			—		6,556,416
Real Estate		21,464,740		—			—		21,464,740
Utilities		11,543,750		—			—		11,543,750
Total Common Stocks	$	989,406,979	$	14,401,095	*	$	—	$	1,003,808,074
Short-Term Investments —
Affiliated Fund	$	—	$	5,870,313		$	—	$	5,870,313
Securities Lending Collateral		5,829,431		—			—		5,829,431
Total Investments	$	995,236,410	$	20,271,408		$	—	$	1,015,507,818

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

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

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