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
(Registrants Telephone Number)
March 31
Date of
Fiscal Year End
September 30, 2018
Date of Reporting Period
Item 1. Reports to Stockholders
Eaton Vance
Limited Duration Income
Fund (EVV)
Semiannual Report
September 30, 2018
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 Funds 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, 2018
Eaton Vance
Limited Duration Income Fund
Table of Contents
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Performance |
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2 |
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Fund Profile |
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2 |
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Endnotes and Additional Disclosures |
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3 |
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Financial Statements |
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4 |
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Board of Trustees Contract Approval |
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70 |
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Officers and Trustees |
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73 |
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Important Notices |
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74 |
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Eaton Vance
Limited Duration Income Fund
September 30, 2018
Performance1
Portfolio Managers Scott H. Page, CFA, Payson F.
Swaffield, CFA, Michael W. Weilheimer, CFA, Catherine McDermott, Andrew Szczurowski, CFA, and Eric A. Stein, CFA
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% Average Annual Total Returns |
|
Inception Date |
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|
Six Months |
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One Year |
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Five Years |
|
|
Ten Years |
|
Fund at NAV |
|
|
05/30/2003 |
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2.74 |
% |
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3.61 |
% |
|
|
5.99 |
% |
|
|
8.64 |
% |
Fund at Market Price |
|
|
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|
|
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0.60 |
|
|
|
3.24 |
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3.85 |
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10.28 |
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% Premium/Discount to
NAV2 |
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13.57 |
% |
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Distributions3
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Total Distributions per share for the period |
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$ |
0.416 |
|
Distribution Rate at NAV |
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5.48 |
% |
Distribution Rate at Market Price |
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6.34 |
% |
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% Total
Leverage4 |
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Auction Preferred Shares (APS) |
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8.02 |
% |
Borrowings |
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28.73 |
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Fund Profile
Asset Allocation (% of total investments)5
MBS refers to Mortgage-Backed Securities
See Endnotes and Additional
Disclosures in this report.
Past performance is no guarantee of future results. Returns are historical and are calculated by determining the
percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested and include management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as
changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less
than their original cost. Performance 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, 2018
Endnotes and Additional Disclosures
1 |
Performance results reflect the effects of leverage. The Funds performance for certain periods reflects the effects of expense reductions. Absent these
reductions, performance would have been lower. |
2 |
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. |
3 |
The Distribution Rate is based on the Funds last regular distribution per share in the period (annualized) divided by the Funds NAV or market price
at the end of the period. The Funds distributions may be comprised of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains and
nondividend distributions, also known as return of capital. For additional information about nondividend distributions, please refer to Eaton Vance Closed-End Fund Distribution Notices (19a) posted on our
website, eatonvance.com. The Fund will determine the federal income tax character of distributions paid to a shareholder after the end of the calendar year. This is reported on the IRS form 1099-DIV and
provided to the shareholder shortly after each year-end. For information about the tax character of distributions made in prior calendar years, please refer to
Performance-Tax Character of Distributions on the Funds webpage available at eatonvance.com. The Funds distributions are determined by the investment adviser based on its current assessment of the
Funds long-term return potential. Fund distributions may be affected by numerous factors including changes in Fund performance, the cost of financing for leverage, portfolio holdings, realized and projected returns, and other factors. As
portfolio and market conditions change, the rate of distributions paid by the Fund could change. |
4 |
Leverage represents the liquidation value of the Funds 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. |
5 |
Asset allocation as a percentage of the Funds net assets amounted to 155.2%. |
|
Fund profile subject to change due to active management.
|
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited)
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Senior Floating-Rate Loans
53.5%(1) |
|
Borrower/Tranche Description |
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|
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Principal Amount* (000s omitted) |
|
|
Value |
|
|
Aerospace and Defense 0.6% |
|
Accudyne Industries, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing August 18, 2024 |
|
|
|
|
|
|
703 |
|
|
$ |
706,355 |
|
IAP Worldwide Services, Inc. |
|
|
|
|
|
|
|
|
|
Revolving Loan, 1.46%, (3 mo. USD LIBOR + 5.50%), Maturing July 18, 2019(2) |
|
|
|
|
|
|
172 |
|
|
|
173,246 |
|
Term Loan - Second Lien, 8.89%, (3 mo. USD LIBOR + 6.50%), Maturing July 18, 2019(3) |
|
|
|
|
|
|
228 |
|
|
|
185,085 |
|
TransDigm, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing June 9, 2023 |
|
|
|
|
|
|
5,614 |
|
|
|
5,639,209 |
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing August 22, 2024 |
|
|
|
|
|
|
1,395 |
|
|
|
1,401,240 |
|
Wesco Aircraft Hardware Corp. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.25%, (1 mo. USD LIBOR + 3.00%), Maturing November 30, 2020 |
|
|
|
|
|
|
1,035 |
|
|
|
1,022,063 |
|
WP CPP Holdings, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 6.21%, (2 mo. USD LIBOR + 3.75%), Maturing April 30, 2025 |
|
|
|
|
|
|
550 |
|
|
|
554,239 |
|
|
|
|
|
|
|
|
|
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|
$ |
9,681,437 |
|
|
Automotive 1.7% |
|
Allison Transmission, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 3.97%, (1 mo. USD LIBOR + 1.75%), Maturing September 23, 2022 |
|
|
|
|
|
|
1,736 |
|
|
$ |
1,748,856 |
|
American Axle and Manufacturing, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.46%, (USD LIBOR + 2.25%), Maturing April 6,
2024(4) |
|
|
|
|
|
|
3,486 |
|
|
|
3,491,070 |
|
Apro, LLC |
|
|
|
|
|
|
|
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|
Term Loan, 6.20%, (2 mo. USD LIBOR + 4.00%), Maturing August 8, 2024 |
|
|
|
|
|
|
292 |
|
|
|
292,957 |
|
Belron Finance US, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.84%, (3 mo. USD LIBOR + 2.50%), Maturing November 7, 2024 |
|
|
|
|
|
|
596 |
|
|
|
597,547 |
|
Chassix, Inc. |
|
|
|
|
|
|
|
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|
Term Loan, 7.91%, (USD LIBOR + 5.50%), Maturing November 15, 2023(4) |
|
|
|
|
|
|
1,489 |
|
|
|
1,501,777 |
|
CS Intermediate Holdco 2, LLC |
|
|
|
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|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing November 2, 2023 |
|
|
|
|
|
|
1,699 |
|
|
|
1,706,461 |
|
Dayco Products, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 6.56%, (3 mo. USD LIBOR + 4.25%), Maturing May 19, 2023 |
|
|
|
|
|
|
1,175 |
|
|
|
1,186,387 |
|
FCA US, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.25%, (1 mo. USD LIBOR + 2.00%), Maturing December 31, 2018 |
|
|
|
|
|
|
1,597 |
|
|
|
1,601,402 |
|
|
|
|
|
|
|
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|
|
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|
|
Borrower/Tranche Description |
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|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Automotive (continued) |
|
Federal-Mogul Holdings Corporation |
|
|
|
|
|
|
|
|
|
Term Loan, 5.89%, (USD LIBOR + 3.75%), Maturing April 15,
2021(4) |
|
|
|
|
|
|
4,784 |
|
|
$
|
4,794,809 |
|
Garrett LX III S.a.r.l. |
|
|
|
|
|
|
|
|
|
Term Loan, Maturing September 30, 2025(5) |
|
|
|
|
|
|
300 |
|
|
|
300,750 |
|
Goodyear Tire & Rubber Company (The) |
|
|
|
|
|
|
|
|
|
Term Loan - Second Lien, 4.15%, (1 mo. USD LIBOR + 2.00%), Maturing March 7, 2025 |
|
|
|
|
|
|
2,258 |
|
|
|
2,265,097 |
|
Horizon Global Corporation |
|
|
|
|
|
|
|
|
|
Term Loan, 8.24%, (1 mo. USD LIBOR + 6.00%), Maturing June 30, 2021 |
|
|
|
|
|
|
408 |
|
|
|
399,133 |
|
L&W, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 6.21%, (1 mo. USD LIBOR + 4.00%), Maturing May 22, 2025 |
|
|
|
|
|
|
848 |
|
|
|
855,824 |
|
Tenneco, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, Maturing June 18, 2025(5) |
|
|
|
|
|
|
3,775 |
|
|
|
3,776,748 |
|
TI Group Automotive Systems, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 3.50%, (3 mo. EURIBOR + 2.75%, Floor 0.75%), Maturing June 30, 2022 |
|
|
EUR |
|
|
|
922 |
|
|
|
1,075,926 |
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing June 30, 2022 |
|
|
|
|
|
|
1,137 |
|
|
|
1,141,897 |
|
Tower Automotive Holdings USA, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.88%, (1 mo. USD LIBOR + 2.75%), Maturing March 7, 2024 |
|
|
|
|
|
|
1,846 |
|
|
|
1,857,983 |
|
|
|
|
|
|
|
|
|
|
|
$ |
28,594,624 |
|
|
Beverage and Tobacco 0.3% |
|
Arterra Wines Canada, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.09%, (3 mo. USD LIBOR + 2.75%), Maturing December 15, 2023 |
|
|
|
|
|
|
2,928 |
|
|
$ |
2,945,899 |
|
Flavors Holdings, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 8.14%, (3 mo. USD LIBOR + 5.75%), Maturing April 3, 2020 |
|
|
|
|
|
|
830 |
|
|
|
790,813 |
|
Term Loan - Second Lien, 12.39%, (3 mo. USD LIBOR + 10.00%), Maturing
October 3, 2021 |
|
|
|
|
|
|
1,000 |
|
|
|
875,000 |
|
|
|
|
|
|
|
|
|
|
|
$ |
4,611,712 |
|
|
Brokerage / Securities Dealers / Investment Houses 0.2% |
|
Advisor Group, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.91%, (1 mo. USD LIBOR + 3.75%), Maturing August 15, 2025 |
|
|
|
|
|
|
600 |
|
|
$ |
604,125 |
|
Aretec Group, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 8.50%, (1 mo. USD LIBOR + 4.25%), Maturing November 23, 2020 |
|
|
|
|
|
|
954 |
|
|
|
958,442 |
|
Term Loan - Second Lien, 11.75%, (3 mo. USD Prime + 6.50% (7.25% cash, 4.50% PIK)), Maturing May 23,
2021 |
|
|
|
|
|
|
1,526 |
|
|
|
1,530,901 |
|
|
|
|
|
|
|
|
4 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
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|
Borrower/Tranche Description |
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|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Brokerage / Securities Dealers / Investment Houses (continued) |
|
OZ Management L.P. |
|
|
|
|
|
|
|
|
|
Term Loan, 6.94%, (1 mo. USD LIBOR + 4.75%), Maturing April 11, 2023 |
|
|
|
|
|
|
560 |
|
|
$
|
564,200 |
|
|
|
|
|
|
|
|
|
|
|
$ |
3,657,668 |
|
|
Building and Development 1.5% |
|
American Builders & Contractors Supply Co., Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing October 31, 2023 |
|
|
|
|
|
|
3,004 |
|
|
$ |
3,000,152 |
|
Beacon Roofing Supply, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.38%, (1 mo. USD LIBOR + 2.25%), Maturing January 2, 2025 |
|
|
|
|
|
|
647 |
|
|
|
646,346 |
|
Core & Main L.P. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.32%, (3 mo. USD LIBOR + 3.00%), Maturing August 1, 2024 |
|
|
|
|
|
|
844 |
|
|
|
847,970 |
|
CPG International, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 6.25%, (6 mo. USD LIBOR + 3.75%), Maturing May 3, 2024 |
|
|
|
|
|
|
1,716 |
|
|
|
1,729,237 |
|
DTZ U.S. Borrower, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing August 21, 2025 |
|
|
|
|
|
|
5,900 |
|
|
|
5,927,040 |
|
GGP, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing August 27, 2025 |
|
|
|
|
|
|
1,025 |
|
|
|
1,020,973 |
|
Henry Company, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 6.24%, (1 mo. USD LIBOR + 4.00%), Maturing October 5, 2023 |
|
|
|
|
|
|
2,333 |
|
|
|
2,349,480 |
|
Quikrete Holdings, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing November 15, 2023 |
|
|
|
|
|
|
3,005 |
|
|
|
3,013,636 |
|
RE/MAX International, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing December 15, 2023 |
|
|
|
|
|
|
2,245 |
|
|
|
2,256,199 |
|
Realogy Group, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.25%), Maturing February 8, 2025 |
|
|
|
|
|
|
914 |
|
|
|
918,541 |
|
Summit Materials Companies I, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.22%, (1 mo. USD LIBOR + 2.00%), Maturing November 21, 2024 |
|
|
|
|
|
|
695 |
|
|
|
696,487 |
|
Werner FinCo L.P. |
|
|
|
|
|
|
|
|
|
Term Loan, 6.10%, (1 mo. USD LIBOR + 4.00%), Maturing July 24, 2024 |
|
|
|
|
|
|
1,043 |
|
|
|
1,043,461 |
|
WireCo WorldGroup, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 7.24%, (1 mo. USD LIBOR + 5.00%), Maturing September 30, 2023 |
|
|
|
|
|
|
686 |
|
|
|
694,003 |
|
Term Loan - Second Lien, 11.24%, (1 mo. USD
LIBOR + 9.00%), Maturing September 30, 2024 |
|
|
|
|
|
|
1,650 |
|
|
|
1,666,500 |
|
|
|
|
|
|
|
|
|
|
|
$ |
25,810,025 |
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Business Equipment and Services 5.0% |
|
Acosta Holdco, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing September 26, 2021 |
|
|
|
|
2,209 |
|
|
$ |
1,656,085 |
|
Adtalem Global Education, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing April 11, 2025 |
|
|
|
|
424 |
|
|
|
427,647 |
|
AlixPartners, LLP |
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing April 4, 2024 |
|
|
|
|
2,515 |
|
|
|
2,529,380 |
|
Altran Technologies S.A. |
|
|
|
|
|
|
|
|
Term Loan, 2.75%, (3 mo. EURIBOR + 2.75%), Maturing March 20, 2025 |
|
EUR |
|
|
1,541 |
|
|
|
1,797,080 |
|
AppLovin Corporation |
|
|
|
|
|
|
|
|
Term Loan, 6.06%, (3 mo. USD LIBOR + 3.75%), Maturing August 15, 2025 |
|
|
|
|
1,600 |
|
|
|
1,613,667 |
|
ASGN Incorporated |
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing April 2, 2025 |
|
|
|
|
503 |
|
|
|
504,468 |
|
Blitz F18-675 GmbH |
|
|
|
|
|
|
|
|
Term Loan, 3.75%, (2 mo. EURIBOR + 3.75%), Maturing July 31, 2025 |
|
EUR |
|
|
1,675 |
|
|
|
1,961,998 |
|
Bracket Intermediate Holding Corp. |
|
|
|
|
|
|
|
|
Term Loan, 6.57%, (3 mo. USD LIBOR + 4.25%), Maturing September 5, 2025 |
|
|
|
|
950 |
|
|
|
950,000 |
|
Brand Energy & Infrastructure Services, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 6.60%, (3 mo. USD LIBOR + 4.25%), Maturing June 21, 2024 |
|
|
|
|
593 |
|
|
|
596,944 |
|
Camelot UK Holdco Limited |
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing October 3, 2023 |
|
|
|
|
2,340 |
|
|
|
2,346,839 |
|
Cast and Crew Payroll, LLC |
|
|
|
|
|
|
|
|
Term Loan, 5.00%, (1 mo. USD LIBOR + 2.75%), Maturing September 27, 2024 |
|
|
|
|
468 |
|
|
|
468,776 |
|
Ceridian HCM Holding, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing April 5, 2025 |
|
|
|
|
1,550 |
|
|
|
1,555,086 |
|
Change Healthcare Holdings, LLC |
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing March 1, 2024 |
|
|
|
|
7,532 |
|
|
|
7,565,347 |
|
CPM Holdings, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing April 11, 2022 |
|
|
|
|
338 |
|
|
|
340,319 |
|
Crossmark Holdings, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing December 20, 2019 |
|
|
|
|
1,958 |
|
|
|
1,119,559 |
|
Cypress Intermediate Holdings III, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.25%, (1 mo. USD LIBOR + 3.00%), Maturing April 27, 2024 |
|
|
|
|
1,432 |
|
|
|
1,439,258 |
|
|
|
|
|
|
|
|
5 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Business Equipment and Services (continued) |
|
EAB Global, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 6.25%, (6 mo. USD LIBOR + 3.75%), Maturing November 15, 2024 |
|
|
|
|
1,418 |
|
|
$
|
1,410,786 |
|
Education Management, LLC |
|
|
|
|
|
|
|
|
Term Loan, 0.00%, Maturing July 2,
2020(3)(6) |
|
|
|
|
393 |
|
|
|
74,204 |
|
Term Loan, 0.00%, Maturing July 2,
2020(3)(6) |
|
|
|
|
885 |
|
|
|
0 |
|
EIG Investors Corp. |
|
|
|
|
|
|
|
|
Term Loan, 6.06%, (3 mo. USD LIBOR + 3.75%), Maturing February 9, 2023 |
|
|
|
|
3,538 |
|
|
|
3,570,514 |
|
Element Materials Technology Group US Holdings, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing June 28, 2024 |
|
|
|
|
422 |
|
|
|
424,976 |
|
Extreme Reach, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 8.50%, (1 mo. USD LIBOR + 6.25%), Maturing February 7, 2020 |
|
|
|
|
1,480 |
|
|
|
1,482,263 |
|
First Data Corporation |
|
|
|
|
|
|
|
|
Term Loan, 4.21%, (1 mo. USD LIBOR + 2.00%), Maturing July 8, 2022 |
|
|
|
|
4,456 |
|
|
|
4,463,761 |
|
Garda World Security Corporation |
|
|
|
|
|
|
|
|
Term Loan, 5.83%, (CIDOR + 4.25%), Maturing May 24, 2024 |
|
CAD |
|
|
1,012 |
|
|
|
785,598 |
|
Term Loan, 5.83%, (3 mo. USD LIBOR + 3.50%), Maturing May 24, 2024 |
|
|
|
|
2,178 |
|
|
|
2,190,529 |
|
Global Payments, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 3.99%, (1 mo. USD LIBOR + 1.75%), Maturing April 21, 2023 |
|
|
|
|
1,047 |
|
|
|
1,050,287 |
|
IG Investment Holdings, LLC |
|
|
|
|
|
|
|
|
Term Loan, 5.80%, (USD LIBOR + 3.50%), Maturing May 23,
2025(4) |
|
|
|
|
2,947 |
|
|
|
2,970,726 |
|
Information Resources, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 6.57%, (3 mo. USD LIBOR + 4.25%), Maturing January 18, 2024 |
|
|
|
|
1,010 |
|
|
|
1,018,459 |
|
Iron Mountain, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 3.99%, (1 mo. USD LIBOR + 1.75%), Maturing January 2, 2026 |
|
|
|
|
920 |
|
|
|
910,787 |
|
J.D. Power and Associates |
|
|
|
|
|
|
|
|
Term Loan, 6.49%, (1 mo. USD LIBOR + 4.25%), Maturing September 7, 2023 |
|
|
|
|
1,178 |
|
|
|
1,186,139 |
|
KAR Auction Services, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 4.69%, (3 mo. USD LIBOR + 2.25%), Maturing March 11, 2021 |
|
|
|
|
2,190 |
|
|
|
2,201,009 |
|
Kronos Incorporated |
|
|
|
|
|
|
|
|
Term Loan, 5.34%, (3 mo. USD LIBOR + 3.00%), Maturing November 1, 2023 |
|
|
|
|
6,920 |
|
|
|
6,961,407 |
|
KUEHG Corp. |
|
|
|
|
|
|
|
|
Term Loan, 6.14%, (3 mo. USD LIBOR + 3.75%), Maturing February 21, 2025 |
|
|
|
|
2,324 |
|
|
|
2,339,208 |
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Business Equipment and Services (continued) |
|
KUEHG Corp. (continued) |
|
|
|
|
|
|
|
|
Term Loan - Second Lien, 10.64%, (3 mo. USD LIBOR + 8.25%), Maturing August 18, 2025 |
|
|
|
|
425 |
|
|
$
|
431,375 |
|
LegalZoom.com, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 6.46%, (1 mo. USD LIBOR + 4.25%), Maturing November 21, 2024 |
|
|
|
|
794 |
|
|
|
806,816 |
|
Term Loan - Second Lien, 10.74%, (1 mo. USD
LIBOR + 8.50%), Maturing November 21, 2025 |
|
|
|
|
600 |
|
|
|
605,250 |
|
Monitronics International, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 7.89%, (3 mo. USD LIBOR + 5.50%), Maturing September 30, 2022 |
|
|
|
|
2,904 |
|
|
|
2,839,811 |
|
PGX Holdings, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 7.50%, (1 mo. USD LIBOR + 5.25%), Maturing September 29, 2020 |
|
|
|
|
1,516 |
|
|
|
1,484,871 |
|
Ping Identity Corporation |
|
|
|
|
|
|
|
|
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.75%), Maturing January 24, 2025 |
|
|
|
|
374 |
|
|
|
374,998 |
|
Pre-Paid Legal Services, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing May 1, 2025 |
|
|
|
|
464 |
|
|
|
467,156 |
|
Prime Security Services Borrower, LLC |
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing May 2, 2022 |
|
|
|
|
1,991 |
|
|
|
2,003,194 |
|
Red Ventures, LLC |
|
|
|
|
|
|
|
|
Term Loan, 6.24%, (1 mo. USD LIBOR + 4.00%), Maturing November 8, 2024 |
|
|
|
|
1,083 |
|
|
|
1,097,630 |
|
SMG Holdings, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing January 23, 2025 |
|
|
|
|
249 |
|
|
|
250,382 |
|
Solera, LLC |
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing March 3, 2023 |
|
|
|
|
868 |
|
|
|
871,461 |
|
Spin Holdco, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.59%, (3 mo. USD LIBOR + 3.25%), Maturing November 14, 2022 |
|
|
|
|
3,917 |
|
|
|
3,935,838 |
|
Tempo Acquisition, LLC |
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2024 |
|
|
|
|
988 |
|
|
|
992,314 |
|
Trans Union, LLC |
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing April 10, 2023 |
|
|
|
|
292 |
|
|
|
293,477 |
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing June 19, 2025 |
|
|
|
|
449 |
|
|
|
450,621 |
|
Travelport Finance (Luxembourg) S.a.r.l. |
|
|
|
|
|
|
|
|
Term Loan, 4.81%, (3 mo. USD LIBOR + 2.50%), Maturing March 17, 2025 |
|
|
|
|
2,138 |
|
|
|
2,141,690 |
|
|
|
|
|
|
|
|
6 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Business Equipment and Services (continued) |
|
Vestcom Parent Holdings, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 6.24%, (1 mo. USD LIBOR + 4.00%), Maturing December 19, 2023 |
|
|
|
|
|
|
614 |
|
|
$
|
617,156 |
|
WASH Multifamily Laundry Systems, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing May 14, 2022 |
|
|
|
|
|
|
309 |
|
|
|
311,058 |
|
West Corporation |
|
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing October 10, 2024 |
|
|
|
|
|
|
349 |
|
|
|
346,787 |
|
Term Loan, 6.24%, (1 mo. USD LIBOR + 4.00%), Maturing October 10, 2024 |
|
|
|
|
|
|
1,216 |
|
|
|
1,213,702 |
|
Worldpay, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 3.88%, (1 mo. USD LIBOR + 1.75%), Maturing October 14, 2023 |
|
|
|
|
|
|
307 |
|
|
|
307,659 |
|
Term Loan, 3.88%, (1 mo. USD LIBOR + 1.75%), Maturing August 9, 2024 |
|
|
|
|
|
|
1,940 |
|
|
|
1,945,948 |
|
ZPG PLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.47%, (1 mo. GBP LIBOR + 4.75%), Maturing June 30, 2025 |
|
|
GBP |
|
|
|
775 |
|
|
|
1,013,292 |
|
|
|
|
|
|
|
|
|
|
|
$ |
84,715,592 |
|
|
Cable and Satellite Television 2.2% |
|
Charter Communications Operating, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.25%, (1 mo. USD LIBOR + 2.00%), Maturing April 30, 2025 |
|
|
|
|
|
|
3,821 |
|
|
$ |
3,830,896 |
|
CSC Holdings, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.41%, (1 mo. USD LIBOR + 2.25%), Maturing July 17, 2025 |
|
|
|
|
|
|
4,015 |
|
|
|
4,018,834 |
|
Term Loan, 4.66%, (1 mo. USD LIBOR + 2.50%), Maturing January 25, 2026 |
|
|
|
|
|
|
1,372 |
|
|
|
1,374,649 |
|
MCC Iowa, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.17%, (1 week USD LIBOR + 2.00%), Maturing January 15, 2025 |
|
|
|
|
|
|
1,090 |
|
|
|
1,094,202 |
|
Mediacom Illinois, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 3.92%, (1 week USD LIBOR + 1.75%), Maturing February 15, 2024 |
|
|
|
|
|
|
627 |
|
|
|
628,241 |
|
Numericable Group S.A. |
|
|
|
|
|
|
|
|
|
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing July 31, 2025 |
|
|
EUR |
|
|
|
518 |
|
|
|
595,348 |
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing July 31, 2025 |
|
|
|
|
|
|
2,123 |
|
|
|
2,083,316 |
|
Radiate Holdco, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing February 1, 2024 |
|
|
|
|
|
|
2,152 |
|
|
|
2,151,015 |
|
Telenet Financing USD, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.41%, (1 mo. USD LIBOR + 2.25%), Maturing August 15, 2026 |
|
|
|
|
|
|
2,725 |
|
|
|
2,715,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Cable and Satellite Television (continued) |
|
Unitymedia Finance, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.41%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2026 |
|
|
|
|
|
|
1,050 |
|
|
$
|
1,051,875 |
|
Unitymedia Hessen GmbH & Co. KG |
|
|
|
|
|
|
|
|
|
Term Loan, 2.75%, (6 mo. EURIBOR + 2.75%), Maturing January 15, 2027 |
|
|
EUR |
|
|
|
1,000 |
|
|
|
1,168,791 |
|
UPC Financing Partnership |
|
|
|
|
|
|
|
|
|
Term Loan, 4.66%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2026 |
|
|
|
|
|
|
2,332 |
|
|
|
2,333,124 |
|
Virgin Media Bristol, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.66%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2026 |
|
|
|
|
|
|
8,050 |
|
|
|
8,071,630 |
|
Ziggo Secured Finance B.V. |
|
|
|
|
|
|
|
|
|
Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), Maturing April 15, 2025 |
|
|
EUR |
|
|
|
2,625 |
|
|
|
3,049,934 |
|
Ziggo Secured Finance Partnership |
|
|
|
|
|
|
|
|
|
Term Loan, 4.66%, (1 mo. USD LIBOR + 2.50%), Maturing April 15, 2025 |
|
|
|
|
|
|
4,150 |
|
|
|
4,079,321 |
|
|
|
|
|
|
|
|
|
|
|
$ |
38,247,094 |
|
|
Chemicals and Plastics 2.7% |
|
Alpha 3 B.V. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing January 31, 2024 |
|
|
|
|
|
|
756 |
|
|
$ |
760,401 |
|
Aruba Investments, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing February 2, 2022 |
|
|
|
|
|
|
365 |
|
|
|
366,099 |
|
Ashland, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 3.94%, (1 mo. USD LIBOR + 1.75%), Maturing May 17, 2024 |
|
|
|
|
|
|
617 |
|
|
|
619,425 |
|
Axalta Coating Systems US Holdings, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.14%, (3 mo. USD LIBOR + 1.75%), Maturing June 1, 2024 |
|
|
|
|
|
|
2,845 |
|
|
|
2,853,782 |
|
Chemours Company (The) |
|
|
|
|
|
|
|
|
|
Term Loan, 4.00%, (1 mo. USD LIBOR + 1.75%), Maturing April 3, 2025 |
|
|
|
|
|
|
523 |
|
|
|
522,782 |
|
Emerald Performance Materials, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing August 1, 2021 |
|
|
|
|
|
|
644 |
|
|
|
649,629 |
|
Term Loan - Second Lien, 9.99%, (1 mo. USD LIBOR + 7.75%), Maturing August 1, 2022 |
|
|
|
|
|
|
725 |
|
|
|
727,719 |
|
Ferro Corporation |
|
|
|
|
|
|
|
|
|
Term Loan, 4.64%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024 |
|
|
|
|
|
|
345 |
|
|
|
346,400 |
|
Term Loan, 4.64%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024 |
|
|
|
|
|
|
352 |
|
|
|
353,931 |
|
|
|
|
|
|
|
|
7 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Chemicals and Plastics (continued) |
|
Ferro Corporation (continued) |
|
|
|
|
|
|
|
|
Term Loan, 4.64%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024 |
|
|
|
|
493 |
|
|
$
|
495,234 |
|
Flint Group GmbH |
|
|
|
|
|
|
|
|
Term Loan, 5.34%, (3 mo. USD LIBOR + 3.00%), Maturing September 7, 2021 |
|
|
|
|
191 |
|
|
|
181,604 |
|
Flint Group US, LLC |
|
|
|
|
|
|
|
|
Term Loan, 5.34%, (3 mo. USD LIBOR + 3.00%), Maturing September 7, 2021 |
|
|
|
|
1,153 |
|
|
|
1,098,556 |
|
Gemini HDPE, LLC |
|
|
|
|
|
|
|
|
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.50%), Maturing August 7, 2024 |
|
|
|
|
1,987 |
|
|
|
2,000,863 |
|
H.B. Fuller Company |
|
|
|
|
|
|
|
|
Term Loan, 4.17%, (1 mo. USD LIBOR + 2.00%), Maturing October 20, 2024 |
|
|
|
|
2,176 |
|
|
|
2,176,714 |
|
Ineos US Finance, LLC |
|
|
|
|
|
|
|
|
Term Loan, 2.50%, (1 mo. EURIBOR + 2.00%, Floor 0.50%), Maturing March 31, 2024 |
|
EUR |
|
|
3,275 |
|
|
|
3,804,514 |
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing March 31, 2024 |
|
|
|
|
1,588 |
|
|
|
1,592,591 |
|
Invictus U.S., LLC |
|
|
|
|
|
|
|
|
Term Loan, 5.20%, (2 mo. USD LIBOR + 3.00%), Maturing March 28, 2025 |
|
|
|
|
522 |
|
|
|
526,619 |
|
Kraton Polymers, LLC |
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing March 5, 2025 |
|
|
|
|
1,158 |
|
|
|
1,163,507 |
|
MacDermid, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing June 7, 2020 |
|
|
|
|
362 |
|
|
|
363,707 |
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing June 7, 2023 |
|
|
|
|
2,714 |
|
|
|
2,727,842 |
|
Minerals Technologies, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 4.46%, (USD LIBOR + 2.25%), Maturing February
14, 2024(4) |
|
|
|
|
1,107 |
|
|
|
1,116,886 |
|
Orion Engineered Carbons GmbH |
|
|
|
|
|
|
|
|
Term Loan, 4.39%, (3 mo. USD LIBOR + 2.00%), Maturing July 25, 2024 |
|
|
|
|
719 |
|
|
|
722,572 |
|
Term Loan, 2.25%, (3 mo. EURIBOR + 2.25%), Maturing July 31, 2024 |
|
EUR |
|
|
982 |
|
|
|
1,150,359 |
|
PMHC II, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 6.15%, (USD LIBOR + 3.50%), Maturing March 31,
2025(4) |
|
|
|
|
398 |
|
|
|
389,045 |
|
PolyOne Corporation |
|
|
|
|
|
|
|
|
Term Loan, 3.90%, (1 mo. USD LIBOR + 1.75%), Maturing November 11, 2022 |
|
|
|
|
584 |
|
|
|
584,890 |
|
PQ Corporation |
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing February 8, 2025 |
|
|
|
|
2,228 |
|
|
|
2,232,655 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Chemicals and Plastics (continued) |
|
Schenectady International Group, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, Maturing August 10, 2025(5) |
|
|
|
|
|
|
975 |
|
|
$
|
978,047 |
|
Sonneborn Refined Products B.V. |
|
|
|
|
|
|
|
|
|
Term Loan, 6.09%, (3 mo. USD LIBOR + 3.75%), Maturing December 10, 2020 |
|
|
|
|
|
|
79 |
|
|
|
80,331 |
|
Sonneborn, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 6.09%, (3 mo. USD LIBOR + 3.75%), Maturing December 10, 2020 |
|
|
|
|
|
|
448 |
|
|
|
455,209 |
|
Spectrum Holdings III Corp. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing January 31, 2025 |
|
|
|
|
|
|
362 |
|
|
|
360,143 |
|
Starfruit Finco B.V. |
|
|
|
|
|
|
|
|
|
Term Loan, Maturing September 20, 2025(5) |
|
|
|
|
|
|
3,050 |
|
|
|
3,066,610 |
|
Tata Chemicals North America, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.19%, (3 mo. USD LIBOR + 2.75%), Maturing August 7, 2020 |
|
|
|
|
|
|
1,019 |
|
|
|
1,023,673 |
|
Trinseo Materials Operating S.C.A. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing September 9, 2024 |
|
|
|
|
|
|
2,814 |
|
|
|
2,823,076 |
|
Tronox Blocked Borrower, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing September 22, 2024 |
|
|
|
|
|
|
1,133 |
|
|
|
1,138,265 |
|
Tronox Finance, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing September 22, 2024 |
|
|
|
|
|
|
2,614 |
|
|
|
2,626,766 |
|
Unifrax Corporation |
|
|
|
|
|
|
|
|
|
Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing April 4, 2024 |
|
|
|
|
|
|
617 |
|
|
|
626,461 |
|
Univar, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.25%), Maturing July 1, 2024 |
|
|
|
|
|
|
2,888 |
|
|
|
2,898,560 |
|
Venator Materials Corporation |
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing August 8, 2024 |
|
|
|
|
|
|
421 |
|
|
|
421,539 |
|
Versum Materials, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.39%, (3 mo. USD LIBOR + 2.00%), Maturing September 29, 2023 |
|
|
|
|
|
|
711 |
|
|
|
714,793 |
|
|
|
|
|
|
|
|
|
|
|
$ |
46,741,799 |
|
|
Conglomerates 0.2% |
|
Penn Engineering & Manufacturing Corp. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing June 27, 2024 |
|
|
|
|
|
|
272 |
|
|
$ |
274,101 |
|
Spectrum Brands, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.35%, (3 mo. USD LIBOR + 2.00%), Maturing June 23, 2022 |
|
|
|
|
|
|
2,210 |
|
|
|
2,223,105 |
|
|
|
|
|
|
|
|
|
|
|
$ |
2,497,206 |
|
|
|
|
|
|
|
|
8 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Containers and Glass Products 1.7% |
|
Berlin Packaging, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.16%, (USD LIBOR + 3.00%), Maturing November 7,
2025(4) |
|
|
|
|
|
|
249 |
|
|
$ |
249,706 |
|
Berry Global, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.19%, (2 mo. USD LIBOR + 2.00%), Maturing October 1, 2022 |
|
|
|
|
|
|
961 |
|
|
|
963,174 |
|
BWAY Holding Company |
|
|
|
|
|
|
|
|
|
Term Loan, 5.58%, (3 mo. USD LIBOR + 3.25%), Maturing April 3, 2024 |
|
|
|
|
|
|
2,603 |
|
|
|
2,605,008 |
|
Consolidated Container Company, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing May 22, 2024 |
|
|
|
|
|
|
446 |
|
|
|
447,806 |
|
Crown Americas, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 2.38%, (1 mo. EURIBOR + 2.38%), Maturing April 3, 2025 |
|
|
EUR |
|
|
|
648 |
|
|
|
757,972 |
|
Flex Acquisition Company, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.34%, (3 mo. USD LIBOR + 3.00%), Maturing December 29, 2023 |
|
|
|
|
|
|
2,271 |
|
|
|
2,273,380 |
|
Term Loan, 5.75%, (3 mo. USD LIBOR + 3.25%), Maturing June 29, 2025 |
|
|
|
|
|
|
1,550 |
|
|
|
1,554,844 |
|
Libbey Glass, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.13%, (1 mo. USD LIBOR + 3.00%), Maturing April 9, 2021 |
|
|
|
|
|
|
983 |
|
|
|
983,894 |
|
Pelican Products, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.60%, (1 mo. USD LIBOR + 3.50%), Maturing May 1, 2025 |
|
|
|
|
|
|
648 |
|
|
|
649,895 |
|
Reynolds Group Holdings, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2023 |
|
|
|
|
|
|
9,940 |
|
|
|
9,996,653 |
|
Ring Container Technologies Group, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing October 31, 2024 |
|
|
|
|
|
|
819 |
|
|
|
821,114 |
|
SIG Combibloc US Acquisition, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 7.00%, (3 mo. USD Prime + 1.75%), Maturing March 13, 2022 |
|
|
|
|
|
|
2,639 |
|
|
|
2,647,695 |
|
Trident TPI Holdings, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing October 17, 2024 |
|
|
|
|
|
|
845 |
|
|
|
843,416 |
|
Verallia Packaging S.A.S |
|
|
|
|
|
|
|
|
|
Term Loan, 2.75%, (1 mo. EURIBOR + 2.75%), Maturing October 29, 2022 |
|
|
EUR |
|
|
|
1,785 |
|
|
|
2,073,051 |
|
Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), Maturing August 29, 2025 |
|
|
EUR |
|
|
|
1,500 |
|
|
|
1,750,404 |
|
|
|
|
|
|
|
|
|
|
|
$ |
28,618,012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Cosmetics / Toiletries 0.2% |
|
KIK Custom Products, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 6.24%, (1 mo. USD LIBOR + 4.00%), Maturing May 15, 2023 |
|
|
|
|
|
|
2,115 |
|
|
$ |
2,108,132 |
|
Prestige Brands, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing January 26, 2024 |
|
|
|
|
|
|
478 |
|
|
|
478,264 |
|
|
|
|
|
|
|
|
|
|
|
$ |
2,586,396 |
|
|
Drugs 1.9% |
|
Alkermes, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.38%, (1 mo. USD LIBOR + 2.25%), Maturing March 23, 2023 |
|
|
|
|
|
|
1,132 |
|
|
$ |
1,138,748 |
|
Amneal Pharmaceuticals, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.75%, (1 mo. USD LIBOR + 3.50%), Maturing May 4, 2025 |
|
|
|
|
|
|
3,740 |
|
|
|
3,779,493 |
|
Arbor Pharmaceuticals, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 7.49%, (6 mo. USD LIBOR + 5.00%), Maturing July 5, 2023 |
|
|
|
|
|
|
2,826 |
|
|
|
2,848,625 |
|
Endo Luxembourg Finance Company I S.a.r.l. |
|
|
|
|
|
|
|
|
|
Term Loan, 6.50%, (1 mo. USD LIBOR + 4.25%), Maturing April 29, 2024 |
|
|
|
|
|
|
5,357 |
|
|
|
5,404,063 |
|
Horizon Pharma, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.50%, (1 mo. USD LIBOR + 3.25%), Maturing March 29, 2024 |
|
|
|
|
|
|
1,055 |
|
|
|
1,064,539 |
|
Jaguar Holding Company II |
|
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing August 18, 2022 |
|
|
|
|
|
|
6,396 |
|
|
|
6,407,911 |
|
Mallinckrodt International Finance S.A. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.14%, (3 mo. USD LIBOR + 2.75%), Maturing September 24, 2024 |
|
|
|
|
|
|
3,446 |
|
|
|
3,429,691 |
|
Term Loan, 5.52%, (6 mo. USD LIBOR + 3.00%), Maturing February 24, 2025 |
|
|
|
|
|
|
920 |
|
|
|
922,316 |
|
PharMerica Corporation |
|
|
|
|
|
|
|
|
|
Term Loan, 5.65%, (1 mo. USD LIBOR + 3.50%), Maturing December 6, 2024 |
|
|
|
|
|
|
871 |
|
|
|
877,155 |
|
Valeant Pharmaceuticals International, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.10%, (1 mo. USD LIBOR + 3.00%), Maturing June 1, 2025 |
|
|
|
|
|
|
6,342 |
|
|
|
6,381,716 |
|
|
|
|
|
|
|
|
|
|
|
$ |
32,254,257 |
|
|
Ecological Services and Equipment 0.4% |
|
Advanced Disposal Services, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.41%, (2 mo. USD LIBOR + 2.25%), Maturing November 10, 2023 |
|
|
|
|
|
|
2,399 |
|
|
$ |
2,410,372 |
|
EnergySolutions, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 6.14%, (3 mo. USD LIBOR + 3.75%), Maturing May 9, 2025 |
|
|
|
|
|
|
1,297 |
|
|
|
1,308,097 |
|
|
|
|
|
|
|
|
9 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Ecological Services and Equipment (continued) |
|
GFL Environmental, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 1.00%, Maturing May 30, 2025(2) |
|
|
|
|
|
|
285 |
|
|
$
|
285,242 |
|
Term Loan, 5.14%, (3 mo. USD LIBOR + 2.75%), Maturing May 30, 2025 |
|
|
|
|
|
|
2,285 |
|
|
|
2,290,455 |
|
Wastequip, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.71%, (1 mo. USD LIBOR + 3.50%), Maturing March 20, 2025 |
|
|
|
|
|
|
149 |
|
|
|
150,136 |
|
Wrangler Buyer Corp. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing September 27, 2024 |
|
|
|
|
|
|
770 |
|
|
|
775,217 |
|
|
|
|
|
|
|
|
|
|
|
$ |
7,219,519 |
|
|
Electronics / Electrical 6.0% |
|
Almonde, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.89%, (USD LIBOR + 3.50%), Maturing June 13,
2024(4) |
|
|
|
|
|
|
2,823 |
|
|
$ |
2,828,212 |
|
Answers Finance, LLC |
|
|
|
|
|
|
|
|
|
Term Loan - Second Lien, 9.00%, (3 mo. USD
Prime + 7.90%), Maturing September 15, 2021 |
|
|
|
|
|
|
404 |
|
|
|
395,952 |
|
Applied Systems, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing September 19, 2024 |
|
|
|
|
|
|
2,475 |
|
|
|
2,492,704 |
|
Aptean, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 6.64%, (3 mo. USD LIBOR + 4.25%), Maturing December 20, 2022 |
|
|
|
|
|
|
932 |
|
|
|
936,701 |
|
Avast Software B.V. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.89%, (3 mo. USD LIBOR + 2.50%), Maturing September 30, 2023 |
|
|
|
|
|
|
1,647 |
|
|
|
1,658,333 |
|
Barracuda Networks, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.41%, (1 mo. USD LIBOR + 3.25%), Maturing February 12, 2025 |
|
|
|
|
|
|
399 |
|
|
|
400,122 |
|
Blackhawk Network Holdings, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing June 15, 2025 |
|
|
|
|
|
|
848 |
|
|
|
854,322 |
|
BMC Software Finance, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, Maturing September 1, 2025(5) |
|
|
EUR |
|
|
|
300 |
|
|
|
353,366 |
|
Term Loan, Maturing September 1, 2025(5) |
|
|
|
|
|
|
3,025 |
|
|
|
3,057,492 |
|
Campaign Monitor Finance Pty. Limited |
|
|
|
|
|
|
|
|
|
Term Loan, 7.49%, (3 mo. USD LIBOR + 5.25%), Maturing March 18, 2021 |
|
|
|
|
|
|
887 |
|
|
|
845,747 |
|
Cohu, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, Maturing September 20, 2025(5) |
|
|
|
|
|
|
825 |
|
|
|
828,094 |
|
CommScope, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing December 29, 2022 |
|
|
|
|
|
|
818 |
|
|
|
823,494 |
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Electronics / Electrical (continued) |
|
CPI International, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing July 26, 2024 |
|
|
|
|
718 |
|
|
$
|
720,890 |
|
Cypress Semiconductor Corporation |
|
|
|
|
|
|
|
|
Term Loan, 4.25%, (1 mo. USD LIBOR + 2.00%), Maturing July 5, 2021 |
|
|
|
|
1,243 |
|
|
|
1,248,525 |
|
DigiCert, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 6.24%, (1 mo. USD LIBOR + 4.00%), Maturing October 31, 2024 |
|
|
|
|
1,197 |
|
|
|
1,203,811 |
|
Electro Rent Corporation |
|
|
|
|
|
|
|
|
Term Loan, 7.19%, (2 mo. USD LIBOR + 5.00%), Maturing January 31, 2024 |
|
|
|
|
1,449 |
|
|
|
1,469,114 |
|
Energizer Holdings, Inc. |
|
|
|
|
|
|
|
|
Term Loan, Maturing June 20, 2025(5) |
|
|
|
|
575 |
|
|
|
580,750 |
|
Entegris, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.25%), Maturing April 30, 2021 |
|
|
|
|
154 |
|
|
|
154,579 |
|
Epicor Software Corporation |
|
|
|
|
|
|
|
|
Term Loan, 5.50%, (1 mo. USD LIBOR + 3.25%), Maturing June 1, 2022 |
|
|
|
|
223 |
|
|
|
224,266 |
|
Exact Merger Sub, LLC |
|
|
|
|
|
|
|
|
Term Loan, 6.64%, (3 mo. USD LIBOR + 4.25%), Maturing September 27, 2024 |
|
|
|
|
668 |
|
|
|
675,350 |
|
EXC Holdings III Corp. |
|
|
|
|
|
|
|
|
Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing December 2, 2024 |
|
|
|
|
521 |
|
|
|
525,947 |
|
Eze Castle Software, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing April 6, 2020 |
|
|
|
|
720 |
|
|
|
723,012 |
|
Financial & Risk US Holdings, Inc. |
|
|
|
|
|
|
|
|
Term Loan, Maturing October 1, 2025(5) |
|
|
|
|
1,225 |
|
|
|
1,223,797 |
|
Flexera Software, LLC |
|
|
|
|
|
|
|
|
Term Loan, 5.50%, (1 mo. USD LIBOR + 3.25%), Maturing February 26, 2025 |
|
|
|
|
274 |
|
|
|
275,404 |
|
GlobalLogic Holdings, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 0.00%, Maturing August 1, 2025(2) |
|
|
|
|
66 |
|
|
|
66,261 |
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing August 1, 2025 |
|
|
|
|
459 |
|
|
|
463,825 |
|
Go Daddy Operating Company, LLC |
|
|
|
|
|
|
|
|
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.25%), Maturing February 15, 2024 |
|
|
|
|
6,288 |
|
|
|
6,319,351 |
|
GTCR Valor Companies, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.64%, (3 mo. USD LIBOR + 3.25%), Maturing June 16, 2023 |
|
|
|
|
1,721 |
|
|
|
1,733,423 |
|
Hyland Software, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing July 1, 2022 |
|
|
|
|
4,125 |
|
|
|
4,157,723 |
|
|
|
|
|
|
|
|
10 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Electronics / Electrical (continued) |
|
Infoblox, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 6.74%, (1 mo. USD LIBOR + 4.50%), Maturing November 7, 2023 |
|
|
|
|
1,015 |
|
|
$
|
1,023,435 |
|
Infor (US), Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.14%, (3 mo. USD LIBOR + 2.75%), Maturing February 1, 2022 |
|
|
|
|
8,917 |
|
|
|
8,951,555 |
|
Informatica, LLC |
|
|
|
|
|
|
|
|
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing August 5, 2022 |
|
EUR |
|
|
347 |
|
|
|
408,043 |
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing August 5, 2022 |
|
|
|
|
3,049 |
|
|
|
3,072,689 |
|
Lattice Semiconductor Corporation |
|
|
|
|
|
|
|
|
Term Loan, 6.37%, (1 mo. USD LIBOR + 4.25%), Maturing March 10, 2021 |
|
|
|
|
558 |
|
|
|
561,302 |
|
MA FinanceCo., LLC |
|
|
|
|
|
|
|
|
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.25%), Maturing November 19, 2021 |
|
|
|
|
4,629 |
|
|
|
4,618,979 |
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024 |
|
|
|
|
555 |
|
|
|
552,960 |
|
MACOM Technology Solutions Holdings, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.25%), Maturing May 17, 2024 |
|
|
|
|
1,485 |
|
|
|
1,454,892 |
|
Microchip Technology Incorporated |
|
|
|
|
|
|
|
|
Term Loan, 4.25%, (1 mo. USD LIBOR + 2.00%), Maturing May 29, 2025 |
|
|
|
|
2,482 |
|
|
|
2,487,120 |
|
MTS Systems Corporation |
|
|
|
|
|
|
|
|
Term Loan, 5.41%, (1 mo. USD LIBOR + 3.25%), Maturing July 5, 2023 |
|
|
|
|
1,361 |
|
|
|
1,370,807 |
|
Prometric Holdings, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.25%, (1 mo. USD LIBOR + 3.00%), Maturing January 29, 2025 |
|
|
|
|
323 |
|
|
|
323,914 |
|
Renaissance Holding Corp. |
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing May 30, 2025 |
|
|
|
|
1,297 |
|
|
|
1,297,020 |
|
Term Loan - Second Lien, 9.24%, (1 mo. USD LIBOR + 7.00%), Maturing May 29, 2026 |
|
|
|
|
200 |
|
|
|
199,875 |
|
Rocket Software, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 6.14%, (3 mo. USD LIBOR + 3.75%), Maturing October 14, 2023 |
|
|
|
|
1,497 |
|
|
|
1,509,576 |
|
Seattle Spinco, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024 |
|
|
|
|
3,748 |
|
|
|
3,731,466 |
|
SGS Cayman L.P. |
|
|
|
|
|
|
|
|
Term Loan, 7.76%, (3 mo. USD LIBOR + 5.38%), Maturing April 23, 2021 |
|
|
|
|
254 |
|
|
|
242,835 |
|
SkillSoft Corporation |
|
|
|
|
|
|
|
|
Term Loan, 6.99%, (1 mo. USD LIBOR + 4.75%), Maturing April 28, 2021 |
|
|
|
|
5,045 |
|
|
|
4,816,743 |
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Electronics / Electrical (continued) |
|
SolarWinds Holdings, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing February 5, 2024 |
|
|
|
|
1,191 |
|
|
$
|
1,198,815 |
|
Southwire Company |
|
|
|
|
|
|
|
|
Term Loan, 4.16%, (1 mo. USD LIBOR + 2.00%), Maturing May 15, 2025 |
|
|
|
|
623 |
|
|
|
627,256 |
|
SS&C Technologies Holdings Europe S.a.r.l. |
|
|
|
|
|
|
|
|
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025 |
|
|
|
|
1,495 |
|
|
|
1,498,118 |
|
SS&C Technologies, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025 |
|
|
|
|
3,852 |
|
|
|
3,859,474 |
|
SurveyMonkey, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 6.75%, (1 mo. USD LIBOR + 4.50%), Maturing April 13, 2024 |
|
|
|
|
988 |
|
|
|
991,178 |
|
Sutherland Global Services, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 7.76%, (3 mo. USD LIBOR + 5.38%), Maturing April 23, 2021 |
|
|
|
|
1,090 |
|
|
|
1,043,205 |
|
Switch, Ltd. |
|
|
|
|
|
|
|
|
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.25%), Maturing June 27, 2024 |
|
|
|
|
272 |
|
|
|
272,355 |
|
Tibco Software, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 5.75%, (1 mo. USD LIBOR + 3.50%), Maturing December 4, 2020 |
|
|
|
|
617 |
|
|
|
621,000 |
|
TriTech Software Systems |
|
|
|
|
|
|
|
|
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.75%), Maturing August 29, 2025 |
|
|
|
|
900 |
|
|
|
904,219 |
|
TTM Technologies, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 4.60%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2024 |
|
|
|
|
334 |
|
|
|
336,030 |
|
Uber Technologies |
|
|
|
|
|
|
|
|
Term Loan, 5.65%, (1 mo. USD LIBOR + 3.50%), Maturing July 13, 2023 |
|
|
|
|
3,577 |
|
|
|
3,597,121 |
|
Term Loan, 6.12%, (1 mo. USD LIBOR + 4.00%), Maturing April 4, 2025 |
|
|
|
|
3,092 |
|
|
|
3,118,148 |
|
Ultra Clean Holdings, Inc. |
|
|
|
|
|
|
|
|
Term Loan, Maturing August 27, 2025(5) |
|
|
|
|
950 |
|
|
|
941,687 |
|
Verifone Systems, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 6.32%, (3 mo. USD LIBOR + 4.00%), Maturing August 20, 2025 |
|
|
|
|
1,000 |
|
|
|
1,007,625 |
|
Veritas Bermuda Ltd. |
|
|
|
|
|
|
|
|
Term Loan, 6.78%, (USD LIBOR + 4.50%), Maturing January 27,
2023(4) |
|
|
|
|
2,699 |
|
|
|
2,634,076 |
|
Vero Parent, Inc. |
|
|
|
|
|
|
|
|
Term Loan, 7.26%, (1 mo. USD LIBOR + 5.00%), Maturing August 16, 2024 |
|
|
|
|
2,624 |
|
|
|
2,634,978 |
|
|
|
|
|
|
|
|
11 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Electronics / Electrical (continued) |
|
Wall Street Systems Delaware, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.00%, (3 mo. EURIBOR + 3.00%, Floor 1.00%), Maturing November 21, 2024 |
|
|
EUR |
|
|
|
645 |
|
|
$
|
756,981 |
|
Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing November 21, 2024 |
|
|
|
|
|
|
819 |
|
|
|
817,789 |
|
Western Digital Corporation |
|
|
|
|
|
|
|
|
|
Term Loan, 3.99%, (1 mo. USD LIBOR + 1.75%), Maturing April 29, 2023 |
|
|
|
|
|
|
2,215 |
|
|
|
2,221,836 |
|
|
|
|
|
|
|
|
|
|
|
$ |
102,945,669 |
|
|
Equipment Leasing 0.6% |
|
Avolon TLB Borrower 1 (US), LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.17%, (1 mo. USD LIBOR + 2.00%), Maturing January 15, 2025 |
|
|
|
|
|
|
1,844 |
|
|
$ |
1,851,699 |
|
Delos Finance S.a.r.l. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.14%, (3 mo. USD LIBOR + 1.75%), Maturing October 6, 2023 |
|
|
|
|
|
|
3,275 |
|
|
|
3,291,961 |
|
Flying Fortress, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.14%, (3 mo. USD LIBOR + 1.75%), Maturing October 30, 2022 |
|
|
|
|
|
|
4,712 |
|
|
|
4,741,604 |
|
IBC Capital Limited |
|
|
|
|
|
|
|
|
|
Term Loan, 6.09%, (3 mo. USD LIBOR + 3.75%), Maturing September 11, 2023 |
|
|
|
|
|
|
622 |
|
|
|
626,928 |
|
|
|
|
|
|
|
|
|
|
|
$ |
10,512,192 |
|
|
Financial Intermediaries 1.7% |
|
Citco Funding, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing March 31, 2022 |
|
|
|
|
|
|
4,016 |
|
|
$ |
4,035,001 |
|
Clipper Acquisitions Corp. |
|
|
|
|
|
|
|
|
|
Term Loan, 3.86%, (1 mo. USD LIBOR + 1.75%), Maturing December 27, 2024 |
|
|
|
|
|
|
1,265 |
|
|
|
1,272,540 |
|
Ditech Holding Corporation |
|
|
|
|
|
|
|
|
|
Term Loan, 8.24%, (1 mo. USD LIBOR + 6.00%), Maturing June 30, 2022 |
|
|
|
|
|
|
4,390 |
|
|
|
4,151,231 |
|
Donnelley Financial Solutions, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing October 2, 2023 |
|
|
|
|
|
|
653 |
|
|
|
654,514 |
|
EIG Management Company, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 6.06%, (3 mo. USD LIBOR + 3.75%), Maturing February 22, 2025 |
|
|
|
|
|
|
274 |
|
|
|
276,027 |
|
Evergood 4 ApS |
|
|
|
|
|
|
|
|
|
Term Loan, Maturing February 6, 2025(5) |
|
|
EUR |
|
|
|
118 |
|
|
|
138,567 |
|
Term Loan, Maturing February 6, 2025(5) |
|
|
EUR |
|
|
|
632 |
|
|
|
739,024 |
|
Focus Financial Partners, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing July 3, 2024 |
|
|
|
|
|
|
1,970 |
|
|
|
1,977,860 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Financial Intermediaries (continued) |
|
Fortress Investment Group, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing December 27, 2022 |
|
|
|
|
|
|
1,102 |
|
|
$
|
1,107,923 |
|
Franklin Square Holdings L.P. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.63%, (1 mo. USD LIBOR + 2.50%), Maturing August 1, 2025 |
|
|
|
|
|
|
550 |
|
|
|
554,799 |
|
Freedom Mortgage Corporation |
|
|
|
|
|
|
|
|
|
Term Loan, 6.99%, (1 mo. USD LIBOR + 4.75%), Maturing February 23, 2022 |
|
|
|
|
|
|
1,255 |
|
|
|
1,266,996 |
|
Greenhill & Co., Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.95%, (USD LIBOR + 3.75%), Maturing October 12,
2022(4) |
|
|
|
|
|
|
1,107 |
|
|
|
1,122,094 |
|
GreenSky Holdings, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.50%, (1 mo. USD LIBOR + 3.25%), Maturing March 29, 2025 |
|
|
|
|
|
|
1,542 |
|
|
|
1,549,961 |
|
Guggenheim Partners, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing July 21, 2023 |
|
|
|
|
|
|
2,754 |
|
|
|
2,775,000 |
|
Harbourvest Partners, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.41%, (1 mo. USD LIBOR + 2.25%), Maturing March 1, 2025 |
|
|
|
|
|
|
1,222 |
|
|
|
1,225,179 |
|
LPL Holdings, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.42%, (1 mo. USD LIBOR + 2.25%), Maturing September 23, 2024 |
|
|
|
|
|
|
1,580 |
|
|
|
1,584,978 |
|
MIP Delaware, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing March 9, 2020 |
|
|
|
|
|
|
113 |
|
|
|
113,210 |
|
Ocwen Financial Corporation |
|
|
|
|
|
|
|
|
|
Term Loan, 7.17%, (1 mo. USD LIBOR + 5.00%), Maturing December 5, 2020 |
|
|
|
|
|
|
340 |
|
|
|
342,460 |
|
Sesac Holdco II, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing February 23, 2024 |
|
|
|
|
|
|
640 |
|
|
|
639,450 |
|
StepStone Group L.P. |
|
|
|
|
|
|
|
|
|
Term Loan, 6.24%, (1 mo. USD LIBOR + 4.00%), Maturing March 14, 2025 |
|
|
|
|
|
|
647 |
|
|
|
652,409 |
|
Victory Capital Holdings, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.14%, (3 mo. USD LIBOR + 2.75%), Maturing February 12, 2025 |
|
|
|
|
|
|
292 |
|
|
|
293,003 |
|
Virtus Investment Partners, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.60%, (1 mo. USD LIBOR + 2.50%), Maturing June 1, 2024 |
|
|
|
|
|
|
746 |
|
|
|
750,749 |
|
Walker & Dunlop, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing December 11, 2020 |
|
|
|
|
|
|
827 |
|
|
|
833,178 |
|
|
|
|
|
|
|
|
|
|
|
$ |
28,056,153 |
|
|
|
|
|
|
|
|
12 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Food Products 1.8% |
|
Alphabet Holding Company, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing September 26, 2024 |
|
|
|
|
|
|
2,648 |
|
|
$ |
2,565,079 |
|
American Seafoods Group, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.00%, (1 mo. USD LIBOR + 2.75%), Maturing August 21, 2023 |
|
|
|
|
|
|
189 |
|
|
|
188,590 |
|
Badger Buyer Corp. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing September 30, 2024 |
|
|
|
|
|
|
396 |
|
|
|
395,010 |
|
CHG PPC Parent, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing March 31, 2025 |
|
|
|
|
|
|
499 |
|
|
|
499,841 |
|
Del Monte Foods, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.56%, (3 mo. USD LIBOR + 3.25%), Maturing February 18, 2021 |
|
|
|
|
|
|
3,779 |
|
|
|
3,493,591 |
|
Dole Food Company, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.96%, (USD LIBOR + 2.75%), Maturing April 6,
2024(4) |
|
|
|
|
|
|
1,938 |
|
|
|
1,939,013 |
|
Froneri International PLC |
|
|
|
|
|
|
|
|
|
Term Loan, 2.63%, (1 mo. EURIBOR + 2.63%), Maturing January 22, 2025 |
|
|
EUR |
|
|
|
3,075 |
|
|
|
3,587,410 |
|
Hearthside Food Solutions, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing May 23, 2025 |
|
|
|
|
|
|
773 |
|
|
|
771,751 |
|
High Liner Foods Incorporated |
|
|
|
|
|
|
|
|
|
Term Loan, 5.59%, (3 mo. USD LIBOR + 3.25%), Maturing April 24, 2021 |
|
|
|
|
|
|
1,005 |
|
|
|
954,486 |
|
HLF Financing S.a.r.l. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing August 9, 2025 |
|
|
|
|
|
|
1,100 |
|
|
|
1,109,968 |
|
Jacobs Douwe Egberts International B.V. |
|
|
|
|
|
|
|
|
|
Term Loan, 2.75%, (3 mo. EURIBOR + 2.00%, Floor 0.75%), Maturing July 1, 2022 |
|
|
EUR |
|
|
|
421 |
|
|
|
494,023 |
|
Term Loan, 4.63%, (3 mo. USD LIBOR + 2.25%), Maturing July 1, 2022 |
|
|
|
|
|
|
2,052 |
|
|
|
2,066,990 |
|
JBS USA, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.84%, (3 mo. USD LIBOR + 2.50%), Maturing October 30, 2022 |
|
|
|
|
|
|
8,084 |
|
|
|
8,109,227 |
|
Nomad Foods Europe Midco Limited |
|
|
|
|
|
|
|
|
|
Term Loan, 4.41%, (1 mo. USD LIBOR + 2.25%), Maturing May 15, 2024 |
|
|
|
|
|
|
1,318 |
|
|
|
1,314,405 |
|
Pinnacle Foods Finance, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 3.85%, (1 mo. USD LIBOR + 1.75%), Maturing February 2, 2024 |
|
|
|
|
|
|
671 |
|
|
|
671,585 |
|
Post Holdings, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.22%, (1 mo. USD LIBOR + 2.00%), Maturing May 24, 2024 |
|
|
|
|
|
|
1,852 |
|
|
|
1,854,109 |
|
|
|
|
|
|
|
|
|
|
|
$ |
30,015,078 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Food Service 0.9% |
|
1011778 B.C. Unlimited Liability Company |
|
|
|
|
|
|
|
|
|
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.25%), Maturing February 16, 2024 |
|
|
|
|
|
|
7,522 |
|
|
$ |
7,533,316 |
|
Aramark Services, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.08%, (3 mo. USD LIBOR + 1.75%), Maturing March 11, 2025 |
|
|
|
|
|
|
933 |
|
|
|
935,694 |
|
Del Friscos Restaurant Group, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 8.25%, (1 mo. USD LIBOR + 6.00%), Maturing June 27, 2025 |
|
|
|
|
|
|
648 |
|
|
|
641,891 |
|
IRB Holding Corp. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.46%, (2 mo. USD LIBOR + 3.25%), Maturing February 5, 2025 |
|
|
|
|
|
|
896 |
|
|
|
900,047 |
|
KFC Holding Co. |
|
|
|
|
|
|
|
|
|
Term Loan, 3.91%, (1 mo. USD LIBOR + 1.75%), Maturing April 3, 2025 |
|
|
|
|
|
|
1,176 |
|
|
|
1,178,630 |
|
NPC International, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.58%, (1 mo. USD LIBOR + 3.50%), Maturing April 19, 2024 |
|
|
|
|
|
|
990 |
|
|
|
995,156 |
|
Restaurant Technologies, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, Maturing September 21, 2025(5) |
|
|
|
|
|
|
225 |
|
|
|
226,266 |
|
Seminole Hard Rock Entertainment, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.09%, (3 mo. USD LIBOR + 2.75%), Maturing May 14, 2020 |
|
|
|
|
|
|
309 |
|
|
|
310,294 |
|
US Foods, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing June 27, 2023 |
|
|
|
|
|
|
871 |
|
|
|
874,356 |
|
Welbilt, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing March 3, 2023 |
|
|
|
|
|
|
1,860 |
|
|
|
1,873,417 |
|
|
|
|
|
|
|
|
|
|
|
$ |
15,469,067 |
|
|
Food / Drug Retailers 0.5% |
|
Albertsons, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing August 25, 2021 |
|
|
|
|
|
|
3,628 |
|
|
$ |
3,636,621 |
|
Term Loan, 5.38%, (3 mo. USD LIBOR + 3.00%), Maturing December 21, 2022 |
|
|
|
|
|
|
688 |
|
|
|
689,216 |
|
Term Loan, 5.31%, (3 mo. USD LIBOR + 3.00%), Maturing June 22, 2023 |
|
|
|
|
|
|
3,226 |
|
|
|
3,230,126 |
|
Dhanani Group, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.75%), Maturing June 27, 2025 |
|
|
|
|
|
|
648 |
|
|
|
649,185 |
|
Diplomat Pharmacy, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 6.75%, (1 mo. USD LIBOR + 4.50%), Maturing December 20, 2024 |
|
|
|
|
|
|
505 |
|
|
|
508,893 |
|
|
|
|
|
|
|
|
13 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Food / Drug Retailers (continued) |
|
Supervalu, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing June 8, 2024 |
|
|
|
|
|
|
218 |
|
|
$
|
218,698 |
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing June 8, 2024 |
|
|
|
|
|
|
364 |
|
|
|
364,496 |
|
|
|
|
|
|
|
|
|
|
|
$ |
9,297,235 |
|
|
Forest Products 0.1% |
|
Expera Specialty Solutions, LLC |
|
|
|
|
|
|
|
|
|
Term Loan, 6.34%, (1 mo. USD LIBOR + 4.25%), Maturing November 3, 2023 |
|
|
|
|
|
|
2,203 |
|
|
$ |
2,206,112 |
|
|
|
|
|
|
|
|
|
|
|
$ |
2,206,112 |
|
|
Health Care 4.7% |
|
Acadia Healthcare Company, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing February 11, 2022 |
|
|
|
|
|
|
282 |
|
|
$ |
284,120 |
|
ADMI Corp. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing April 30, 2025 |
|
|
|
|
|
|
1,845 |
|
|
|
1,856,909 |
|
Akorn, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 7.00%, (1 mo. USD LIBOR + 4.75%), Maturing April 16, 2021 |
|
|
|
|
|
|
1,115 |
|
|
|
1,082,514 |
|
Alliance Healthcare Services, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 6.74%, (1 mo. USD LIBOR + 4.50%), Maturing October 24, 2023 |
|
|
|
|
|
|
1,084 |
|
|
|
1,091,721 |
|
Term Loan - Second Lien, 12.24%, (1 mo. USD LIBOR + 10.00%), Maturing April 24, 2024 |
|
|
|
|
|
|
525 |
|
|
|
524,344 |
|
Argon Medical Devices, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.75%), Maturing January 23, 2025 |
|
|
|
|
|
|
423 |
|
|
|
426,245 |
|
Auris Luxembourg III S.a.r.l. |
|
|
|
|
|
|
|
|
|
Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing January 17, 2022 |
|
|
|
|
|
|
965 |
|
|
|
979,557 |
|
Avantor, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 6.24%, (1 mo. USD LIBOR + 4.00%), Maturing November 21, 2024 |
|
|
|
|
|
|
3,350 |
|
|
|
3,393,053 |
|
Beaver-Visitec International, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 6.39%, (2 mo. USD LIBOR + 4.00%), Maturing August 21, 2023 |
|
|
|
|
|
|
956 |
|
|
|
960,320 |
|
BioClinica, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.63%, (3 mo. USD LIBOR + 4.25%), Maturing October 20, 2023 |
|
|
|
|
|
|
786 |
|
|
|
746,700 |
|
BW NHHC Holdco, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.16%, (1 mo. USD LIBOR + 5.00%), Maturing May 15, 2025 |
|
|
|
|
|
|
1,072 |
|
|
|
1,054,217 |
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Health Care (continued) |
|
Carestream Dental Equipment, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.64%, (3 mo. USD LIBOR + 3.25%), Maturing September 1, 2024 |
|
|
|
|
421 |
|
|
$
|
420,575 |
|
CHG Healthcare Services, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.31%, (USD LIBOR + 3.00%), Maturing June 7,
2023(4) |
|
|
|
|
3,771 |
|
|
|
3,795,926 |
|
Concentra, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.86%, (1 mo. USD LIBOR + 2.75%), Maturing June 1, 2022 |
|
|
|
|
921 |
|
|
|
925,518 |
|
Convatec, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.64%, (3 mo. USD LIBOR + 2.25%), Maturing October 31, 2023 |
|
|
|
|
690 |
|
|
|
692,947 |
|
CPI Holdco, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing March 21, 2024 |
|
|
|
|
913 |
|
|
|
919,846 |
|
CryoLife, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.39%, (3 mo. USD LIBOR + 4.00%), Maturing November 14, 2024 |
|
|
|
|
546 |
|
|
|
552,698 |
|
CTC AcquiCo GmbH |
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing March 7, 2025 |
|
EUR |
|
|
925 |
|
|
|
1,074,704 |
|
DaVita, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing June 24, 2021 |
|
|
|
|
3,726 |
|
|
|
3,747,409 |
|
DJO Finance, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.54%, (USD LIBOR + 3.25%), Maturing June 8,
2020(4) |
|
|
|
|
2,546 |
|
|
|
2,549,698 |
|
Envision Healthcare Corporation |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.25%, (1 mo. USD LIBOR + 3.00%), Maturing December 1, 2023 |
|
|
|
|
4,758 |
|
|
|
4,764,279 |
|
Equian, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.46%, (1 mo. USD LIBOR + 3.25%), Maturing May 20, 2024 |
|
|
|
|
717 |
|
|
|
721,660 |
|
Gentiva Health Services, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.00%, (1 mo. USD LIBOR + 3.75%), Maturing July 2, 2025 |
|
|
|
|
2,150 |
|
|
|
2,178,448 |
|
GHX Ultimate Parent Corporation |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.64%, (3 mo. USD LIBOR + 3.25%), Maturing June 28, 2024 |
|
|
|
|
965 |
|
|
|
970,133 |
|
Greatbatch Ltd. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.14%, (1 mo. USD LIBOR + 3.00%), Maturing October 27, 2022 |
|
|
|
|
1,384 |
|
|
|
1,394,896 |
|
Grifols Worldwide Operations USA, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.42%, (1 week USD LIBOR + 2.25%), Maturing January 31, 2025 |
|
|
|
|
3,965 |
|
|
|
3,989,404 |
|
Hanger, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing February 26, 2025 |
|
|
|
|
1,144 |
|
|
|
1,142,820 |
|
|
|
|
|
|
|
|
14 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Health Care (continued) |
|
Indivior Finance S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.85%, (3 mo. USD LIBOR + 4.50%), Maturing December 18, 2022 |
|
|
|
|
584 |
|
|
$
|
581,536 |
|
Inovalon Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.63%, (1 mo. USD LIBOR + 3.50%), Maturing April 2, 2025 |
|
|
|
|
1,300 |
|
|
|
1,301,625 |
|
IQVIA, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.39%, (3 mo. USD LIBOR + 2.00%), Maturing March 7, 2024 |
|
|
|
|
1,503 |
|
|
|
1,508,653 |
|
Term Loan, 4.39%, (3 mo. USD LIBOR + 2.00%), Maturing January 17, 2025 |
|
|
|
|
1,510 |
|
|
|
1,515,569 |
|
Kinetic Concepts, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.64%, (3 mo. USD LIBOR + 3.25%), Maturing February 2, 2024 |
|
|
|
|
3,160 |
|
|
|
3,183,305 |
|
Medical Solutions, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.75%), Maturing June 9, 2024 |
|
|
|
|
818 |
|
|
|
821,456 |
|
MedPlast Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.09%, (3 mo. USD LIBOR + 3.75%), Maturing July 2, 2025 |
|
|
|
|
500 |
|
|
|
506,250 |
|
MPH Acquisition Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.14%, (3 mo. USD LIBOR + 2.75%), Maturing June 7, 2023 |
|
|
|
|
2,409 |
|
|
|
2,416,491 |
|
National Mentor Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing January 31, 2021 |
|
|
|
|
668 |
|
|
|
671,425 |
|
Navicure, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.75%), Maturing November 1, 2024 |
|
|
|
|
844 |
|
|
|
848,720 |
|
New Millennium Holdco, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 8.74%, (1 mo. USD LIBOR + 6.50%), Maturing December 21, 2020 |
|
|
|
|
352 |
|
|
|
198,207 |
|
One Call Corporation |
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.38%, (1 mo. USD LIBOR + 5.25%), Maturing November 25, 2022 |
|
|
|
|
1,794 |
|
|
|
1,706,493 |
|
Ortho-Clinical Diagnostics S.A. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing June 30, 2025 |
|
|
|
|
3,992 |
|
|
|
4,009,003 |
|
Parexel International Corporation |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing September 27, 2024 |
|
|
|
|
2,896 |
|
|
|
2,882,175 |
|
Press Ganey Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing October 23, 2023 |
|
|
|
|
860 |
|
|
|
864,523 |
|
Prospect Medical Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.63%, (1 mo. USD LIBOR + 5.50%), Maturing February 22, 2024 |
|
|
|
|
1,269 |
|
|
|
1,282,897 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Health Care (continued) |
|
R1 RCM, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.43%, (2 mo. USD LIBOR + 5.25%), Maturing May 8, 2025 |
|
|
|
|
|
|
600 |
|
|
$
|
601,500 |
|
RadNet, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.09%, (3 mo. USD LIBOR + 3.75%), Maturing June 30, 2023 |
|
|
|
|
|
|
1,809 |
|
|
|
1,824,029 |
|
Select Medical Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.90%, (USD LIBOR + 2.75%), Maturing March 1,
2021(4) |
|
|
|
|
|
|
1,921 |
|
|
|
1,936,356 |
|
Sotera Health Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing May 15, 2022 |
|
|
|
|
|
|
998 |
|
|
|
1,000,801 |
|
Sound Inpatient Physicians |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing June 27, 2025 |
|
|
|
|
|
|
499 |
|
|
|
502,646 |
|
Surgery Center Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.57%, (3 mo. USD LIBOR + 3.25%), Maturing September 2, 2024 |
|
|
|
|
|
|
1,089 |
|
|
|
1,091,314 |
|
Syneos Health, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing August 1, 2024 |
|
|
|
|
|
|
410 |
|
|
|
411,739 |
|
Team Health Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing February 6, 2024 |
|
|
|
|
|
|
2,389 |
|
|
|
2,325,924 |
|
Tecomet, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.62%, (1 mo. USD LIBOR + 3.50%), Maturing May 1, 2024 |
|
|
|
|
|
|
889 |
|
|
|
892,916 |
|
U.S. Anesthesia Partners, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing June 23, 2024 |
|
|
|
|
|
|
1,260 |
|
|
|
1,268,914 |
|
Verscend Holding Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.74%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025 |
|
|
|
|
|
|
1,600 |
|
|
|
1,609,000 |
|
Wink Holdco, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing December 2, 2024 |
|
|
|
|
|
|
496 |
|
|
|
495,320 |
|
|
|
|
|
|
|
|
|
|
|
$ |
80,499,448 |
|
|
Home Furnishings 0.4% |
|
Bright Bidco B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.84%, (USD LIBOR + 3.50%), Maturing June 30,
2024(4) |
|
|
|
|
|
|
1,779 |
|
|
$ |
1,761,270 |
|
Serta Simmons Bedding, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.61%, (1 mo. USD LIBOR + 3.50%), Maturing November 8, 2023 |
|
|
|
|
|
|
5,245 |
|
|
|
4,766,507 |
|
|
|
|
|
|
|
|
|
|
|
$ |
6,527,777 |
|
|
|
|
|
|
|
|
15 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Industrial Equipment 2.3% |
|
Altra Industrial Motion Corp. |
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing September 5, 2025(5) |
|
|
|
|
800 |
|
|
$ |
803,000 |
|
Apex Tool Group, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.75%), Maturing February 1, 2022 |
|
|
|
|
2,576 |
|
|
|
2,586,589 |
|
CFSP Acquisition Corp. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 1.00%, Maturing March 20,
2025(2) |
|
|
|
|
51 |
|
|
|
50,424 |
|
Term Loan, 5.21%, (1 mo. USD LIBOR + 3.00%), Maturing March 20, 2025 |
|
|
|
|
223 |
|
|
|
222,427 |
|
Clark Equipment Company |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.37%, (USD LIBOR + 2.00%), Maturing May 18,
2024(4) |
|
|
|
|
1,830 |
|
|
|
1,835,065 |
|
Delachaux S.A. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.88%, (USD LIBOR + 3.50%), Maturing October 28, 2021(4) |
|
|
|
|
502 |
|
|
|
508,186 |
|
DexKo Global, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 24, 2024 |
|
EUR |
|
|
33 |
|
|
|
38,136 |
|
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 24, 2024 |
|
EUR |
|
|
81 |
|
|
|
95,339 |
|
Term Loan, 3.75%, (1 mo. EURIBOR + 3.75%), Maturing July 24, 2024 |
|
EUR |
|
|
295 |
|
|
|
345,140 |
|
Term Loan, 3.75%, (1 mo. EURIBOR + 3.75%), Maturing July 24, 2024 |
|
EUR |
|
|
737 |
|
|
|
862,850 |
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing July 24, 2024 |
|
|
|
|
943 |
|
|
|
947,797 |
|
DXP Enterprises, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.99%, (1 mo. USD LIBOR + 4.75%), Maturing August 29, 2023 |
|
|
|
|
569 |
|
|
|
573,519 |
|
Engineered Machinery Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.64%, (3 mo. USD LIBOR + 3.25%), Maturing July 19, 2024 |
|
|
|
|
1,613 |
|
|
|
1,594,668 |
|
EWT Holdings III Corp. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing December 20, 2024 |
|
|
|
|
2,291 |
|
|
|
2,309,108 |
|
Filtration Group Corporation |
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing March 29, 2025 |
|
EUR |
|
|
398 |
|
|
|
465,660 |
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing March 29, 2025 |
|
|
|
|
1,741 |
|
|
|
1,754,491 |
|
Gardner Denver, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.00%, (1 mo. EURIBOR + 3.00%), Maturing July 30, 2024 |
|
EUR |
|
|
453 |
|
|
|
528,548 |
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing July 30, 2024 |
|
|
|
|
1,157 |
|
|
|
1,165,547 |
|
Gates Global, LLC |
|
|
|
|
|
|
|
|
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing April 1, 2024 |
|
EUR |
|
|
985 |
|
|
|
1,149,411 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Industrial Equipment (continued) |
|
Gates Global, LLC (continued) |
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing April 1, 2024 |
|
|
|
|
|
|
5,009 |
|
|
$
|
5,044,809 |
|
Hamilton Holdco, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.34%, (3 mo. USD LIBOR + 2.00%), Maturing July 2, 2025 |
|
|
|
|
|
|
898 |
|
|
|
900,555 |
|
Hayward Industries, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing August 5, 2024 |
|
|
|
|
|
|
495 |
|
|
|
498,713 |
|
LTI Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing September 6, 2025(5) |
|
|
|
|
|
|
475 |
|
|
|
477,672 |
|
Milacron, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2023 |
|
|
|
|
|
|
3,051 |
|
|
|
3,054,368 |
|
Paladin Brands Holding, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.89%, (3 mo. USD LIBOR + 5.50%), Maturing August 15, 2022 |
|
|
|
|
|
|
1,338 |
|
|
|
1,342,665 |
|
Pro Mach Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.13%, (1 mo. USD LIBOR + 3.00%), Maturing March 7, 2025 |
|
|
|
|
|
|
249 |
|
|
|
248,439 |
|
Rexnord, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing August 21, 2024 |
|
|
|
|
|
|
3,426 |
|
|
|
3,448,031 |
|
Robertshaw US Holding Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.75%, (1 mo. USD LIBOR + 3.50%), Maturing February 28, 2025 |
|
|
|
|
|
|
1,045 |
|
|
|
1,038,873 |
|
Shape Technologies Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.23%, (USD LIBOR + 3.00%), Maturing April 21,
2025(4) |
|
|
|
|
|
|
249 |
|
|
|
249,531 |
|
Tank Holding Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.67%, (USD LIBOR + 3.50%), Maturing
March 17, 2022(4) |
|
|
|
|
|
|
703 |
|
|
|
706,771 |
|
Thermon Industries, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.85%, (2 mo. USD LIBOR + 3.75%), Maturing October 24, 2024 |
|
|
|
|
|
|
353 |
|
|
|
356,291 |
|
Titan Acquisition Limited |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing March 28, 2025 |
|
|
|
|
|
|
3,159 |
|
|
|
3,068,054 |
|
Wittur GmbH |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.00%, (3 mo. EURIBOR + 4.00%, Floor 1.00%), Maturing March 31, 2022 |
|
|
EUR |
|
|
|
1,100 |
|
|
|
1,293,918 |
|
|
|
|
|
|
|
|
|
|
|
$ |
39,564,595 |
|
|
Insurance 1.8% |
|
Alliant Holdings I, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.15%, (1 mo. USD LIBOR + 3.00%), Maturing May 9, 2025 |
|
|
|
|
|
|
2,771 |
|
|
$ |
2,779,927 |
|
|
|
|
|
|
|
|
16 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Insurance (continued) |
|
AmWINS Group, Inc. |
|
|
|
|
|
|
|
|
|
Term Loan, 4.96%, (1 mo. USD LIBOR + 2.75%), Maturing January 25, 2024 |
|
|
|
|
|
|
3,278 |
|
|
$
|
3,290,538 |
|
Asurion, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing August 4, 2022 |
|
|
|
|
|
|
5,694 |
|
|
|
5,748,497 |
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing November 3, 2023 |
|
|
|
|
|
|
2,713 |
|
|
|
2,735,091 |
|
Term Loan - Second Lien, 8.74%, (1 mo. USD LIBOR + 6.50%), Maturing August 4, 2025 |
|
|
|
|
|
|
2,750 |
|
|
|
2,833,072 |
|
Financiere CEP SAS |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing January 16, 2025 |
|
|
EUR |
|
|
|
550 |
|
|
|
634,055 |
|
FrontDoor, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.75%, (1 mo. USD LIBOR + 2.50%), Maturing August 14, 2025 |
|
|
|
|
|
|
475 |
|
|
|
479,156 |
|
Hub International Limited |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.34%, (3 mo. USD LIBOR + 3.00%), Maturing April 25, 2025 |
|
|
|
|
|
|
5,187 |
|
|
|
5,201,747 |
|
NFP Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing January 8, 2024 |
|
|
|
|
|
|
2,321 |
|
|
|
2,323,771 |
|
Sedgwick Claims Management Services, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing March 1, 2021 |
|
|
|
|
|
|
1,169 |
|
|
|
1,170,845 |
|
USI, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing May 16, 2024 |
|
|
|
|
|
|
3,218 |
|
|
|
3,222,098 |
|
|
|
|
|
|
|
|
|
|
|
$ |
30,418,797 |
|
|
Leisure Goods / Activities / Movies 2.2% |
|
AMC Entertainment Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.38%, (1 mo. USD LIBOR + 2.25%), Maturing December 15, 2023 |
|
|
|
|
|
|
640 |
|
|
$ |
641,717 |
|
Ancestry.com Operations, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.50%, (1 mo. USD LIBOR + 3.25%), Maturing October 19, 2023 |
|
|
|
|
|
|
4,310 |
|
|
|
4,327,934 |
|
Bombardier Recreational Products, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing May 23, 2025 |
|
|
|
|
|
|
5,368 |
|
|
|
5,373,878 |
|
Bright Horizons Family Solutions, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.99%, (1 mo. USD LIBOR + 1.75%), Maturing November 7, 2023 |
|
|
|
|
|
|
854 |
|
|
|
855,165 |
|
CDS U.S. Intermediate Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.14%, (3 mo. USD LIBOR + 3.75%), Maturing July 8, 2022 |
|
|
|
|
|
|
1,301 |
|
|
|
1,284,019 |
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Leisure Goods / Activities / Movies (continued) |
|
ClubCorp Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.14%, (3 mo. USD LIBOR + 2.75%), Maturing September 18, 2024 |
|
|
|
|
1,959 |
|
|
$
|
1,949,968 |
|
Crown Finance US, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 2.63%, (1 mo. EURIBOR + 2.63%), Maturing February 28, 2025 |
|
EUR |
|
|
920 |
|
|
|
1,072,991 |
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing February 28, 2025 |
|
|
|
|
2,164 |
|
|
|
2,163,073 |
|
Delta 2 (LUX) S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing February 1, 2024 |
|
|
|
|
725 |
|
|
|
719,893 |
|
Emerald Expositions Holding, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing May 22, 2024 |
|
|
|
|
1,214 |
|
|
|
1,223,793 |
|
Etraveli Holding AB |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), Maturing August 2, 2024 |
|
EUR |
|
|
850 |
|
|
|
994,500 |
|
Kasima, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.78%, (USD LIBOR + 2.50%), Maturing May 17,
2021(4) |
|
|
|
|
174 |
|
|
|
174,871 |
|
Lindblad Expeditions, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing March 21, 2025 |
|
|
|
|
269 |
|
|
|
271,542 |
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing March 21, 2025 |
|
|
|
|
2,092 |
|
|
|
2,115,052 |
|
Live Nation Entertainment, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.00%, (1 mo. USD LIBOR + 1.75%), Maturing October 31, 2023 |
|
|
|
|
3,738 |
|
|
|
3,749,377 |
|
Match Group, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.67%, (1 mo. USD LIBOR + 2.50%), Maturing November 16, 2022 |
|
|
|
|
1,510 |
|
|
|
1,522,657 |
|
Sabre GLBL, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing February 22, 2024 |
|
|
|
|
1,141 |
|
|
|
1,145,287 |
|
SeaWorld Parks & Entertainment, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing March 31, 2024 |
|
|
|
|
2,231 |
|
|
|
2,229,469 |
|
SRAM, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.02%, (2 mo. USD LIBOR + 2.75%), Maturing March 15, 2024 |
|
|
|
|
1,582 |
|
|
|
1,593,185 |
|
Steinway Musical Instruments, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.91%, (1 mo. USD LIBOR + 3.75%), Maturing February 13, 2025 |
|
|
|
|
920 |
|
|
|
922,676 |
|
Travel Leaders Group, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.16%, (1 mo. USD LIBOR + 4.00%), Maturing January 25, 2024 |
|
|
|
|
973 |
|
|
|
985,327 |
|
|
|
|
|
|
|
|
17 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Leisure Goods / Activities / Movies (continued) |
|
UFC Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.50%, (1 mo. USD LIBOR + 3.25%), Maturing August 18, 2023 |
|
|
|
|
|
|
2,383 |
|
|
$
|
2,398,943 |
|
|
|
|
|
|
|
|
|
|
|
$ |
37,715,317 |
|
|
Lodging and Casinos 2.3% |
|
Aristocrat Technologies, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.10%, (3 mo. USD LIBOR + 1.75%), Maturing October 19, 2024 |
|
|
|
|
|
|
1,204 |
|
|
$ |
1,204,612 |
|
Azelis Finance S.A. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing July 31, 2025(5) |
|
|
EUR |
|
|
|
475 |
|
|
|
557,703 |
|
Boyd Gaming Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.42%, (2 mo. USD LIBOR + 2.25%), Maturing September 15, 2023 |
|
|
|
|
|
|
1,094 |
|
|
|
1,100,652 |
|
CityCenter Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.25%), Maturing April 18, 2024 |
|
|
|
|
|
|
2,818 |
|
|
|
2,825,021 |
|
Eldorado Resorts, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.41%, (USD LIBOR + 2.25%), Maturing April 17,
2024(4) |
|
|
|
|
|
|
940 |
|
|
|
946,120 |
|
ESH Hospitality, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing August 30, 2023 |
|
|
|
|
|
|
2,242 |
|
|
|
2,245,047 |
|
Four Seasons Hotels Limited |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing November 30, 2023 |
|
|
|
|
|
|
1,081 |
|
|
|
1,082,970 |
|
Golden Nugget, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.95%, (1 mo. USD LIBOR + 2.75%), Maturing October 4, 2023 |
|
|
|
|
|
|
3,760 |
|
|
|
3,780,523 |
|
GVC Holdings PLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 2.75%, (3 mo. EURIBOR + 2.75%), Maturing March 29, 2024 |
|
|
EUR |
|
|
|
1,350 |
|
|
|
1,572,807 |
|
Term Loan, 4.30%, (3 mo. GBP LIBOR + 3.50%), Maturing March 29, 2024 |
|
|
GBP |
|
|
|
700 |
|
|
|
916,086 |
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing March 29, 2024 |
|
|
|
|
|
|
1,169 |
|
|
|
1,175,458 |
|
Hanjin International Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.83%, (3 mo. USD LIBOR + 2.50%), Maturing October 18, 2020 |
|
|
|
|
|
|
550 |
|
|
|
550,859 |
|
Hilton Worldwide Finance, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.97%, (1 mo. USD LIBOR + 1.75%), Maturing October 25, 2023 |
|
|
|
|
|
|
5,572 |
|
|
|
5,600,324 |
|
Las Vegas Sands, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.99%, (1 mo. USD LIBOR + 1.75%), Maturing March 27, 2025 |
|
|
|
|
|
|
1,119 |
|
|
|
1,119,757 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Lodging and Casinos (continued) |
|
MGM Growth Properties Operating Partnership L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing March 21, 2025 |
|
|
|
|
|
|
2,291 |
|
|
$
|
2,296,774 |
|
Playa Resorts Holding B.V. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing April 29, 2024 |
|
|
|
|
|
|
2,696 |
|
|
|
2,679,105 |
|
Stars Group Holdings B.V. (The) |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 10, 2025 |
|
|
EUR |
|
|
|
975 |
|
|
|
1,146,528 |
|
Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing July 10, 2025 |
|
|
|
|
|
|
4,289 |
|
|
|
4,331,336 |
|
VICI Properties 1, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.21%, (1 mo. USD LIBOR + 2.00%), Maturing December 20, 2024 |
|
|
|
|
|
|
2,315 |
|
|
|
2,322,006 |
|
Wyndham Hotels & Resorts, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.99%, (1 mo. USD LIBOR + 1.75%), Maturing May 30, 2025 |
|
|
|
|
|
|
1,375 |
|
|
|
1,380,844 |
|
|
|
|
|
|
|
|
|
|
|
$ |
38,834,532 |
|
|
Nonferrous Metals / Minerals 0.4% |
|
CD&R Hydra Buyer, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.50%, (0.00% cash, 7.50% PIK), Maturing August 15, 2021(3)(7) |
|
|
|
|
|
|
140 |
|
|
$ |
120,792 |
|
Dynacast International, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.64%, (3 mo. USD LIBOR + 3.25%), Maturing January 28, 2022 |
|
|
|
|
|
|
1,461 |
|
|
|
1,467,388 |
|
Global Brass & Copper, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.75%, (1 mo. USD LIBOR + 2.50%), Maturing May 29, 2025 |
|
|
|
|
|
|
1,005 |
|
|
|
1,010,150 |
|
Murray Energy Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 9.49%, (1 mo. USD LIBOR + 7.25%), Maturing October 17, 2022 |
|
|
|
|
|
|
2,284 |
|
|
|
2,098,153 |
|
Noranda Aluminum Acquisition Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 0.00%, Maturing February 28,
2019(3)(6) |
|
|
|
|
|
|
452 |
|
|
|
34,836 |
|
Oxbow Carbon, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing January 4, 2023 |
|
|
|
|
|
|
674 |
|
|
|
682,172 |
|
Term Loan - Second Lien, 9.74%, (1 mo. USD LIBOR + 7.50%), Maturing January 4, 2024 |
|
|
|
|
|
|
800 |
|
|
|
820,000 |
|
Rain Carbon GmbH |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), Maturing January 16, 2025 |
|
|
EUR |
|
|
|
1,025 |
|
|
|
1,197,217 |
|
|
|
|
|
|
|
|
|
|
|
$ |
7,430,708 |
|
|
|
|
|
|
|
|
18 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Oil and Gas 0.9% |
|
Ameriforge Group, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 9.39%, (3 mo. USD LIBOR + 7.00%), Maturing June 8, 2022 |
|
|
|
|
747 |
|
|
$ |
752,123 |
|
Apergy Corporation |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.75%, (1 mo. USD LIBOR + 2.50%), Maturing May 9, 2025 |
|
|
|
|
357 |
|
|
|
360,381 |
|
CITGO Petroleum Corporation |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.84%, (3 mo. USD LIBOR + 3.50%), Maturing July 29, 2021 |
|
|
|
|
1,741 |
|
|
|
1,745,425 |
|
Delek US Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing March 31, 2025 |
|
|
|
|
398 |
|
|
|
400,156 |
|
Fieldwood Energy, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.49%, (1 mo. USD LIBOR + 5.25%), Maturing April 11, 2022 |
|
|
|
|
2,771 |
|
|
|
2,795,183 |
|
Term Loan - Second Lien, 9.49%, (1 mo. USD LIBOR + 7.25%), Maturing April 11, 2023 |
|
|
|
|
163 |
|
|
|
158,957 |
|
Green Plains Renewable Energy, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.75%, (1 mo. USD LIBOR + 5.50%), Maturing August 18, 2023 |
|
|
|
|
1,114 |
|
|
|
1,129,064 |
|
Lotus Midstream, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing September 25, 2025(5) |
|
|
|
|
275 |
|
|
|
277,406 |
|
McDermott Technology Americas, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.24%, (1 mo. USD LIBOR + 5.00%), Maturing May 10, 2025 |
|
|
|
|
1,318 |
|
|
|
1,336,832 |
|
Medallion Midland Acquisition, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing October 30, 2024 |
|
|
|
|
495 |
|
|
|
492,513 |
|
MEG Energy Corp. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.75%, (1 mo. USD LIBOR + 3.50%), Maturing December 31, 2023 |
|
|
|
|
1,258 |
|
|
|
1,259,088 |
|
PSC Industrial Holdings Corp. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.91%, (1 mo. USD LIBOR + 3.75%), Maturing October 3, 2024 |
|
|
|
|
794 |
|
|
|
797,474 |
|
Sheridan Investment Partners II L.P. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.82%, (3 mo. USD LIBOR + 3.50%), Maturing December 16, 2020 |
|
|
|
|
46 |
|
|
|
41,875 |
|
Term Loan, 5.82%, (3 mo. USD LIBOR + 3.50%), Maturing December 16, 2020 |
|
|
|
|
122 |
|
|
|
112,281 |
|
Term Loan, 5.82%, (3 mo. USD LIBOR + 3.50%), Maturing December 16, 2020 |
|
|
|
|
880 |
|
|
|
807,155 |
|
Sheridan Production Partners I, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.83%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019 |
|
|
|
|
109 |
|
|
|
100,138 |
|
Term Loan, 5.83%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019 |
|
|
|
|
179 |
|
|
|
163,945 |
|
Term Loan, 5.83%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019 |
|
|
|
|
1,348 |
|
|
|
1,237,242 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Oil and Gas (continued) |
|
Ultra Resources, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.17%, (1 mo. USD LIBOR + 3.00%), Maturing April 12, 2024 |
|
|
|
|
|
|
1,650 |
|
|
$
|
1,499,437 |
|
|
|
|
|
|
|
|
|
|
|
$ |
15,466,675 |
|
|
Publishing 0.6% |
|
Ascend Learning, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing July 12, 2024 |
|
|
|
|
|
|
1,213 |
|
|
$ |
1,215,403 |
|
Getty Images, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing October 18, 2019 |
|
|
|
|
|
|
3,667 |
|
|
|
3,646,661 |
|
Harland Clarke Holdings Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.14%, (3 mo. USD LIBOR + 4.75%), Maturing November 3, 2023 |
|
|
|
|
|
|
385 |
|
|
|
370,595 |
|
Lamar Media Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.94%, (1 mo. USD LIBOR + 1.75%), Maturing March 14, 2025 |
|
|
|
|
|
|
572 |
|
|
|
574,867 |
|
LSC Communications, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.74%, (1 mo. USD LIBOR + 5.50%), Maturing September 30, 2022 |
|
|
|
|
|
|
1,045 |
|
|
|
1,052,838 |
|
Merrill Communications, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.59%, (3 mo. USD LIBOR + 5.25%), Maturing June 1, 2022 |
|
|
|
|
|
|
307 |
|
|
|
309,561 |
|
Multi Color Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.25%), Maturing October 31, 2024 |
|
|
|
|
|
|
372 |
|
|
|
374,514 |
|
ProQuest, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.75%), Maturing October 24, 2021 |
|
|
|
|
|
|
1,840 |
|
|
|
1,850,609 |
|
Tweddle Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.83%, (3 mo. USD LIBOR + 4.50%), Maturing September 17, 2023 |
|
|
|
|
|
|
761 |
|
|
|
748,572 |
|
|
|
|
|
|
|
|
|
|
|
$ |
10,143,620 |
|
|
Radio and Television 1.5% |
|
ALM Media Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.89%, (3 mo. USD LIBOR + 4.50%), Maturing July 31, 2020 |
|
|
|
|
|
|
513 |
|
|
$ |
455,707 |
|
CBS Radio, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.96%, (1 mo. USD LIBOR + 2.75%), Maturing November 17, 2024 |
|
|
|
|
|
|
1,750 |
|
|
|
1,737,309 |
|
Cumulus Media New Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.75%, (1 mo. USD LIBOR + 4.50%), Maturing May 15, 2022 |
|
|
|
|
|
|
3,923 |
|
|
|
3,880,726 |
|
|
|
|
|
|
|
|
19 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Radio and Television (continued) |
|
E.W. Scripps Company (The) |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.24%, (1 mo. USD LIBOR + 2.00%), Maturing October 2, 2024 |
|
|
|
|
|
|
421 |
|
|
$
|
421,889 |
|
Entravision Communications Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing November 29, 2024 |
|
|
|
|
|
|
1,163 |
|
|
|
1,151,132 |
|
Gray Television, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.35%, (1 mo. USD LIBOR + 2.25%), Maturing February 7, 2024 |
|
|
|
|
|
|
278 |
|
|
|
279,219 |
|
Hubbard Radio, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.25%, (1 mo. USD LIBOR + 3.00%), Maturing March 28, 2025 |
|
|
|
|
|
|
706 |
|
|
|
708,467 |
|
iHeartCommunications, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 0.00%, Maturing January 30,
2019(6) |
|
|
|
|
|
|
1,066 |
|
|
|
797,265 |
|
Term Loan, 0.00%, Maturing July 30, 2019(6) |
|
|
|
|
|
|
1,682 |
|
|
|
1,257,388 |
|
Mission Broadcasting, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.60%, (1 mo. USD LIBOR + 2.50%), Maturing January 17, 2024 |
|
|
|
|
|
|
354 |
|
|
|
355,193 |
|
Nexstar Broadcasting, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.60%, (1 mo. USD LIBOR + 2.50%), Maturing January 17, 2024 |
|
|
|
|
|
|
2,524 |
|
|
|
2,537,607 |
|
Raycom TV Broadcasting, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.25%), Maturing August 23, 2024 |
|
|
|
|
|
|
1,188 |
|
|
|
1,190,228 |
|
Sinclair Television Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.50%, (1 mo. USD LIBOR + 2.25%), Maturing January 3, 2024 |
|
|
|
|
|
|
497 |
|
|
|
498,830 |
|
Townsquare Media, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.29%, (2 mo. USD LIBOR + 3.00%), Maturing April 1, 2022 |
|
|
|
|
|
|
2,276 |
|
|
|
2,280,806 |
|
Univision Communications, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing March 15, 2024 |
|
|
|
|
|
|
7,893 |
|
|
|
7,687,163 |
|
|
|
|
|
|
|
|
|
|
|
$ |
25,238,929 |
|
|
Retailers (Except Food and Drug) 2.0% |
|
Ascena Retail Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.75%, (1 mo. USD LIBOR + 4.50%), Maturing August 21, 2022 |
|
|
|
|
|
|
3,226 |
|
|
$ |
3,120,658 |
|
Bass Pro Group, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.24%, (1 mo. USD LIBOR + 5.00%), Maturing September 25, 2024 |
|
|
|
|
|
|
1,535 |
|
|
|
1,552,003 |
|
BJs Wholesale Club, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.15%, (1 mo. USD LIBOR + 3.00%), Maturing February 3, 2024 |
|
|
|
|
|
|
1,066 |
|
|
|
1,073,377 |
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Retailers (Except Food and Drug) (continued) |
|
CDW, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.00%, (1 mo. USD LIBOR + 1.75%), Maturing August 17, 2023 |
|
|
|
|
2,525 |
|
|
$
|
2,533,186 |
|
Coinamatic Canada, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing May 14, 2022 |
|
|
|
|
54 |
|
|
|
54,475 |
|
Davids Bridal, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.32%, (3 mo. USD LIBOR + 4.00%), Maturing October 11, 2019 |
|
|
|
|
3,582 |
|
|
|
3,195,141 |
|
Evergreen Acqco 1 L.P. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.10%, (3 mo. USD LIBOR + 3.75%), Maturing July 9, 2019 |
|
|
|
|
3,116 |
|
|
|
3,055,319 |
|
Global Appliance, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.25%, (1 mo. USD LIBOR + 4.00%), Maturing September 29, 2024 |
|
|
|
|
1,089 |
|
|
|
1,059,052 |
|
Go Wireless, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 8.74%, (1 mo. USD LIBOR + 6.50%), Maturing December 22, 2024 |
|
|
|
|
622 |
|
|
|
609,485 |
|
Harbor Freight Tools USA, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing August 18, 2023 |
|
|
|
|
565 |
|
|
|
566,075 |
|
J. Crew Group, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.32%, (USD LIBOR + 3.00%), Maturing March 5,
2021(3)(4) |
|
|
|
|
3,771 |
|
|
|
3,057,243 |
|
LSF9 Atlantis Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 8.12%, (1 mo. USD LIBOR + 6.00%), Maturing May 1, 2023 |
|
|
|
|
1,114 |
|
|
|
1,078,552 |
|
Neiman Marcus Group Ltd., LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.37%, (1 mo. USD LIBOR + 3.25%), Maturing October 25, 2020 |
|
|
|
|
2,432 |
|
|
|
2,262,619 |
|
Party City Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.14%, (USD LIBOR + 2.75%), Maturing August 19,
2022(4) |
|
|
|
|
1,192 |
|
|
|
1,201,489 |
|
PetSmart, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.12%, (1 mo. USD LIBOR + 3.00%), Maturing March 11, 2022 |
|
|
|
|
4,376 |
|
|
|
3,853,006 |
|
PFS Holding Corporation |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.61%, (1 mo. USD LIBOR + 3.50%), Maturing January 31, 2021 |
|
|
|
|
2,242 |
|
|
|
1,289,214 |
|
Pier 1 Imports (U.S.), Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing April 30, 2021 |
|
|
|
|
646 |
|
|
|
529,976 |
|
Radio Systems Corporation |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing May 2, 2024 |
|
|
|
|
469 |
|
|
|
471,408 |
|
Shutterfly, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.00%, (1 mo. USD LIBOR + 2.75%), Maturing August 17, 2024 |
|
|
|
|
574 |
|
|
|
576,359 |
|
|
|
|
|
|
|
|
20 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Retailers (Except Food and Drug) (continued) |
|
Staples, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.34%, (3 mo. USD LIBOR + 4.00%), Maturing September 12, 2024 |
|
|
|
|
|
|
670 |
|
|
$
|
670,566 |
|
Vivid Seats Ltd. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing June 30, 2024 |
|
|
|
|
|
|
2,126 |
|
|
|
2,120,286 |
|
|
|
|
|
|
|
|
|
|
|
$ |
33,929,489 |
|
|
Steel 0.4% |
|
Atkore International, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.14%, (3 mo. USD LIBOR + 2.75%), Maturing December 22, 2023 |
|
|
|
|
|
|
422 |
|
|
$ |
424,027 |
|
GrafTech Finance, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.50%), Maturing February 12, 2025 |
|
|
|
|
|
|
2,987 |
|
|
|
3,011,458 |
|
Neenah Foundry Company |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 8.74%, (2 mo. USD LIBOR + 6.50%), Maturing December 13, 2022 |
|
|
|
|
|
|
866 |
|
|
|
861,919 |
|
Phoenix Services International, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.87%, (1 mo. USD LIBOR + 3.75%), Maturing March 1, 2025 |
|
|
|
|
|
|
896 |
|
|
|
906,694 |
|
Zekelman Industries, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.62%, (3 mo. USD LIBOR + 2.25%), Maturing June 14, 2021 |
|
|
|
|
|
|
1,315 |
|
|
|
1,317,364 |
|
|
|
|
|
|
|
|
|
|
|
$ |
6,521,462 |
|
|
Surface Transport 0.3% |
|
Agro Merchants NAI Holdings, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.14%, (3 mo. USD LIBOR + 3.75%), Maturing December 6, 2024 |
|
|
|
|
|
|
397 |
|
|
$ |
400,061 |
|
Hertz Corporation (The) |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing June 30, 2023 |
|
|
|
|
|
|
1,234 |
|
|
|
1,232,599 |
|
Kenan Advantage Group, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing July 31, 2022 |
|
|
|
|
|
|
130 |
|
|
|
130,147 |
|
Term Loan, 5.24%, (1 mo. USD LIBOR + 3.00%), Maturing July 31, 2022 |
|
|
|
|
|
|
427 |
|
|
|
427,977 |
|
PODS, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.88%, (1 mo. USD LIBOR + 2.75%), Maturing December 6, 2024 |
|
|
|
|
|
|
668 |
|
|
|
670,507 |
|
Stena International S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.39%, (3 mo. USD LIBOR + 3.00%), Maturing March 3, 2021 |
|
|
|
|
|
|
2,006 |
|
|
|
1,967,897 |
|
XPO Logistics, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.23%, (1 mo. USD LIBOR + 2.00%), Maturing February 24, 2025 |
|
|
|
|
|
|
650 |
|
|
|
654,187 |
|
|
|
|
|
|
|
|
|
|
|
$ |
5,483,375 |
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Telecommunications 2.4% |
|
CenturyLink, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.75%), Maturing January 31, 2025 |
|
|
|
|
5,657 |
|
|
$ |
5,626,605 |
|
Colorado Buyer, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.11%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2024 |
|
|
|
|
938 |
|
|
|
941,057 |
|
Digicel International Finance Limited |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.57%, (3 mo. USD LIBOR + 3.25%), Maturing May 28, 2024 |
|
|
|
|
866 |
|
|
|
827,632 |
|
eircom Finco S.a.r.l. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), Maturing April 19, 2024 |
|
EUR |
|
|
2,200 |
|
|
|
2,569,956 |
|
Frontier Communications Corp. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.00%, (1 mo. USD LIBOR + 3.75%), Maturing June 15, 2024 |
|
|
|
|
2,123 |
|
|
|
2,087,962 |
|
Gamma Infrastructure III B.V. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing January 9, 2025 |
|
EUR |
|
|
1,700 |
|
|
|
1,982,011 |
|
Global Eagle Entertainment, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 10.02%, (6 mo. USD LIBOR + 7.50%), Maturing January 6, 2023 |
|
|
|
|
2,249 |
|
|
|
2,321,863 |
|
Intelsat Jackson Holdings S.A. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.73%, (1 mo. USD LIBOR + 4.50%), Maturing January 2, 2024 |
|
|
|
|
1,500 |
|
|
|
1,582,032 |
|
IPC Corp. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.85%, (3 mo. USD LIBOR + 4.50%), Maturing August 6, 2021 |
|
|
|
|
1,088 |
|
|
|
1,062,000 |
|
Level 3 Financing, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.43%, (1 mo. USD LIBOR + 2.25%), Maturing February 22, 2024 |
|
|
|
|
700 |
|
|
|
702,479 |
|
Lumentum Holdings |
|
|
|
|
|
|
|
|
|
|
Term Loan, Maturing August 7, 2025(5) |
|
|
|
|
625 |
|
|
|
631,250 |
|
Mitel Networks Corporation |
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.75%), Maturing September 25, 2023 |
|
|
|
|
468 |
|
|
|
472,817 |
|
Onvoy, LLC |
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.89%, (3 mo. USD LIBOR + 4.50%), Maturing February 10, 2024 |
|
|
|
|
837 |
|
|
|
821,028 |
|
Plantronics, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing July 2, 2025 |
|
|
|
|
1,450 |
|
|
|
1,455,211 |
|
Sprint Communications, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.75%, (1 mo. USD LIBOR + 2.50%), Maturing February 2, 2024 |
|
|
|
|
4,063 |
|
|
|
4,075,822 |
|
Syniverse Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
Term Loan, 7.15%, (1 mo. USD LIBOR + 5.00%), Maturing March 9, 2023 |
|
|
|
|
1,070 |
|
|
|
1,073,970 |
|
|
|
|
|
|
|
|
21 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Telecommunications (continued) |
|
TDC A/S |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing May 31, 2025 |
|
|
EUR |
|
|
|
4,700 |
|
|
$
|
5,504,309 |
|
Term Loan, 5.84%, (3 mo. USD LIBOR + 3.50%), Maturing May 31, 2025 |
|
|
|
|
|
|
1,995 |
|
|
|
2,020,686 |
|
Telesat Canada |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.89%, (3 mo. USD LIBOR + 2.50%), Maturing November 17, 2023 |
|
|
|
|
|
|
5,485 |
|
|
|
5,507,237 |
|
|
|
|
|
|
|
|
|
|
|
$ |
41,265,927 |
|
|
Utilities 1.1% |
|
Brookfield WEC Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.75%), Maturing August 1, 2025 |
|
|
|
|
|
|
2,375 |
|
|
$ |
2,406,419 |
|
Calpine Construction Finance Company L.P. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2025 |
|
|
|
|
|
|
2,785 |
|
|
|
2,790,424 |
|
Calpine Corporation |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.89%, (3 mo. USD LIBOR + 2.50%), Maturing January 15, 2024 |
|
|
|
|
|
|
3,652 |
|
|
|
3,656,432 |
|
Dayton Power & Light Company (The) |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.25%, (1 mo. USD LIBOR + 2.00%), Maturing August 24, 2022 |
|
|
|
|
|
|
663 |
|
|
|
665,674 |
|
Granite Acquisition, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.84%, (3 mo. USD LIBOR + 3.50%), Maturing December 19, 2021 |
|
|
|
|
|
|
3,151 |
|
|
|
3,180,833 |
|
Term Loan, 5.89%, (3 mo. USD LIBOR + 3.50%), Maturing December 19, 2021 |
|
|
|
|
|
|
143 |
|
|
|
144,653 |
|
Lightstone Generation, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.75%), Maturing January 30, 2024 |
|
|
|
|
|
|
92 |
|
|
|
91,606 |
|
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.75%), Maturing January 30, 2024 |
|
|
|
|
|
|
1,714 |
|
|
|
1,705,587 |
|
Longview Power, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 8.35%, (3 mo. USD LIBOR + 6.00%), Maturing April 13, 2021 |
|
|
|
|
|
|
339 |
|
|
|
296,015 |
|
Talen Energy Supply, LLC |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 6.24%, (1 mo. USD LIBOR + 4.00%), Maturing July 15, 2023 |
|
|
|
|
|
|
1,086 |
|
|
|
1,094,905 |
|
Term Loan, 6.24%, (1 mo. USD LIBOR + 4.00%), Maturing April 15, 2024 |
|
|
|
|
|
|
809 |
|
|
|
814,687 |
|
USIC Holdings, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.25%), Maturing December 8, 2023 |
|
|
|
|
|
|
199 |
|
|
|
200,720 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrower/Tranche Description |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Utilities (continued) |
|
Vistra Energy Corp. |
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.18%, (1 mo. USD LIBOR + 2.00%), Maturing December 31, 2025 |
|
|
|
|
|
|
1,122 |
|
|
$
|
1,124,011 |
|
|
|
|
|
|
|
|
|
|
|
$ |
18,171,966 |
|
|
|
Total Senior Floating-Rate Loans (identified cost
$917,233,408) |
|
|
$ |
910,949,464 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate Bonds & Notes 49.1% |
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Aerospace and Defense 1.4% |
|
Bombardier, Inc. |
|
|
|
|
|
|
|
|
|
6.00%, 10/15/22(8) |
|
|
|
|
|
|
4,720 |
|
|
$ |
4,755,400 |
|
6.125%, 1/15/23(8) |
|
|
|
|
|
|
125 |
|
|
|
126,172 |
|
7.50%, 12/1/24(8) |
|
|
|
|
|
|
1,100 |
|
|
|
1,163,250 |
|
7.50%, 3/15/25(8) |
|
|
|
|
|
|
340 |
|
|
|
352,325 |
|
Booz Allen Hamilton, Inc. |
|
|
|
|
|
|
|
|
|
5.125%, 5/1/25(8) |
|
|
|
|
|
|
345 |
|
|
|
339,825 |
|
BWX Technologies, Inc. |
|
|
|
|
|
|
|
|
|
5.375%, 7/15/26(8) |
|
|
|
|
|
|
1,305 |
|
|
|
1,313,156 |
|
Huntington Ingalls Industries, Inc. |
|
|
|
|
|
|
|
|
|
5.00%, 11/15/25(8) |
|
|
|
|
|
|
415 |
|
|
|
430,347 |
|
Latam Finance, Ltd. |
|
|
|
|
|
|
|
|
|
6.875%, 4/11/24(8) |
|
|
|
|
|
|
950 |
|
|
|
926,250 |
|
Lockheed Martin Corp. |
|
|
|
|
|
|
|
|
|
3.55%, 1/15/26 |
|
|
|
|
|
|
960 |
|
|
|
948,883 |
|
Northrop Grumman Corp. |
|
|
|
|
|
|
|
|
|
2.93%, 1/15/25 |
|
|
|
|
|
|
770 |
|
|
|
731,965 |
|
TA MFG., Ltd. |
|
|
|
|
|
|
|
|
|
3.625%, 4/15/23(9) |
|
|
EUR |
|
|
|
375 |
|
|
|
445,849 |
|
TransDigm UK Holdings PLC |
|
|
|
|
|
|
|
|
|
6.875%, 5/15/26(8) |
|
|
|
|
|
|
725 |
|
|
|
745,844 |
|
TransDigm, Inc. |
|
|
|
|
|
|
|
|
|
6.00%, 7/15/22 |
|
|
|
|
|
|
2,850 |
|
|
|
2,903,438 |
|
6.50%, 7/15/24 |
|
|
|
|
|
|
7,535 |
|
|
|
7,738,445 |
|
6.50%, 5/15/25 |
|
|
|
|
|
|
185 |
|
|
|
188,931 |
|
6.375%, 6/15/26 |
|
|
|
|
|
|
670 |
|
|
|
678,375 |
|
|
|
|
|
|
|
|
|
|
|
$ |
23,788,455 |
|
|
Air Transport 0.2% |
|
Azul Investments LLP |
|
|
|
|
|
|
|
|
|
5.875%, 10/26/24(8) |
|
|
|
|
|
|
1,030 |
|
|
$ |
895,029 |
|
|
|
|
|
|
|
|
22 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Air Transport (continued) |
|
WestJet Airlines, Ltd. |
|
|
|
|
|
|
|
|
|
3.50%,
6/16/21(8) |
|
|
|
|
|
|
2,000 |
|
|
$
|
1,968,573 |
|
|
|
|
|
|
|
|
|
|
|
$ |
2,863,602 |
|
|
Automotive 0.5% |
|
Adient Global Holdings, Ltd. |
|
|
|
|
|
|
|
|
|
3.50%, 8/15/24(9) |
|
|
EUR |
|
|
|
150 |
|
|
$ |
162,646 |
|
Deck Chassis Acquisition, Inc. |
|
|
|
|
|
|
|
|
|
10.00%, 6/15/23(8) |
|
|
|
|
|
|
1,840 |
|
|
|
1,959,600 |
|
Fiat Chrysler Finance Europe SA |
|
|
|
|
|
|
|
|
|
4.75%, 3/22/21(9) |
|
|
EUR |
|
|
|
325 |
|
|
|
413,477 |
|
General Motors Co. |
|
|
|
|
|
|
|
|
|
5.00%, 4/1/35 |
|
|
|
|
|
|
1,095 |
|
|
|
1,025,275 |
|
Gestamp Funding Luxembourg SA |
|
|
|
|
|
|
|
|
|
3.50%, 5/15/23(9) |
|
|
EUR |
|
|
|
300 |
|
|
|
359,222 |
|
Navistar International Corp. |
|
|
|
|
|
|
|
|
|
6.625%, 11/1/25(8) |
|
|
|
|
|
|
3,015 |
|
|
|
3,150,675 |
|
RAC Bond Co. PLC |
|
|
|
|
|
|
|
|
|
5.00%, 11/6/22(9) |
|
|
GBP |
|
|
|
250 |
|
|
|
307,759 |
|
Wabash National Corp. |
|
|
|
|
|
|
|
|
|
5.50%, 10/1/25(8) |
|
|
|
|
|
|
985 |
|
|
|
943,137 |
|
ZF North America Capital, Inc. |
|
|
|
|
|
|
|
|
|
4.50%,
4/29/22(8) |
|
|
|
|
|
|
392 |
|
|
|
397,163 |
|
|
|
|
|
|
|
|
|
|
|
$ |
8,718,954 |
|
|
Banks and Thrifts 0.7% |
|
Banco Comercial Portugues SA |
|
|
|
|
|
|
|
|
|
4.50% to 12/7/22, 12/7/27(9)(10) |
|
|
EUR |
|
|
|
500 |
|
|
$ |
571,838 |
|
Banco Mercantil del Norte SA/Grand Cayman |
|
|
|
|
|
|
|
|
|
5.75% to 10/4/26, 10/4/31(8)(10) |
|
|
|
|
|
|
1,685 |
|
|
|
1,589,056 |
|
Bank of America Corp. |
|
|
|
|
|
|
|
|
|
3.593% to 7/21/27, 7/21/28(10) |
|
|
|
|
|
|
1,450 |
|
|
|
1,383,117 |
|
Bank of Montreal |
|
|
|
|
|
|
|
|
|
3.803% to 12/15/27, 12/15/32(10) |
|
|
|
|
|
|
1,325 |
|
|
|
1,239,657 |
|
BankUnited, Inc. |
|
|
|
|
|
|
|
|
|
4.875%, 11/17/25 |
|
|
|
|
|
|
1,815 |
|
|
|
1,845,435 |
|
BBVA Bancomer SA |
|
|
|
|
|
|
|
|
|
5.125% to 1/18/28, 1/18/33(8)(10) |
|
|
|
|
|
|
1,515 |
|
|
|
1,384,331 |
|
First Midwest Bancorp, Inc. |
|
|
|
|
|
|
|
|
|
5.875%, 9/29/26 |
|
|
|
|
|
|
1,000 |
|
|
|
1,036,062 |
|
Flagstar Bancorp, Inc. |
|
|
|
|
|
|
|
|
|
6.125%, 7/15/21 |
|
|
|
|
|
|
650 |
|
|
|
677,682 |
|
Goldman Sachs Group, Inc. (The) |
|
|
|
|
|
|
|
|
|
3.691% to 6/5/27, 6/5/28(10) |
|
|
|
|
|
|
990 |
|
|
|
942,796 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Banks and Thrifts (continued) |
|
Wells Fargo & Co. |
|
|
|
|
|
|
|
|
|
4.65%, 11/4/44 |
|
|
|
|
|
|
700 |
|
|
$
|
686,914 |
|
|
|
|
|
|
|
|
|
|
|
$ |
11,356,888 |
|
|
Beverage and Tobacco 0.1% |
|
Anheuser-Busch InBev Finance, Inc. |
|
|
|
|
|
|
|
|
|
3.65%, 2/1/26 |
|
|
|
|
|
|
895 |
|
|
$ |
869,291 |
|
BAT Capital Corp. |
|
|
|
|
|
|
|
|
|
3.557%,
8/15/27(8) |
|
|
|
|
|
|
1,045 |
|
|
|
974,431 |
|
|
|
|
|
|
|
|
|
|
|
$ |
1,843,722 |
|
|
Brokerage / Securities Dealers / Investment Houses 0.1% |
|
Alliance Data Systems Corp. |
|
|
|
|
|
|
|
|
|
5.875%, 11/1/21(8) |
|
|
|
|
|
|
1,620 |
|
|
$ |
1,656,450 |
|
Intrum Justitia AB |
|
|
|
|
|
|
|
|
|
3.125%, 7/15/24(9) |
|
|
EUR |
|
|
|
400 |
|
|
|
441,351 |
|
Neuberger Berman Group, LLC/Neuberger Berman Finance Corp. |
|
|
|
|
|
|
|
|
|
4.875%,
4/15/45(8) |
|
|
|
|
|
|
500 |
|
|
|
468,169 |
|
|
|
|
|
|
|
|
|
|
|
$ |
2,565,970 |
|
|
Building and Development 1.4% |
|
ADLER Real Estate AG |
|
|
|
|
|
|
|
|
|
1.875%, 4/27/23(9) |
|
|
EUR |
|
|
|
500 |
|
|
$ |
569,408 |
|
AT Securities B.V. |
|
|
|
|
|
|
|
|
|
5.25% to 7/21/23(9)(10)(11) |
|
|
|
|
|
|
500 |
|
|
|
473,500 |
|
Builders FirstSource, Inc. |
|
|
|
|
|
|
|
|
|
5.625%, 9/1/24(8) |
|
|
|
|
|
|
3,425 |
|
|
|
3,305,125 |
|
DEMIRE Deutsche Mittelstand Real Estate AG |
|
|
|
|
|
|
|
|
|
2.875%, 7/15/22(9) |
|
|
EUR |
|
|
|
400 |
|
|
|
475,589 |
|
Five Point Operating Co., L.P./Five Point Capital Corp. |
|
|
|
|
|
|
|
|
|
7.875%, 11/15/25(8) |
|
|
|
|
|
|
2,965 |
|
|
|
3,001,321 |
|
Greystar Real Estate Partners, LLC |
|
|
|
|
|
|
|
|
|
5.75%, 12/1/25(8) |
|
|
|
|
|
|
2,975 |
|
|
|
2,908,063 |
|
Hillman Group, Inc. (The) |
|
|
|
|
|
|
|
|
|
6.375%, 7/15/22(8) |
|
|
|
|
|
|
1,916 |
|
|
|
1,733,980 |
|
MDC Holdings, Inc. |
|
|
|
|
|
|
|
|
|
6.00%, 1/15/43 |
|
|
|
|
|
|
982 |
|
|
|
842,065 |
|
Reliance Intermediate Holdings, L.P. |
|
|
|
|
|
|
|
|
|
6.50%, 4/1/23(8) |
|
|
|
|
|
|
4,610 |
|
|
|
4,800,162 |
|
Standard Industries, Inc. |
|
|
|
|
|
|
|
|
|
6.00%, 10/15/25(8) |
|
|
|
|
|
|
2,330 |
|
|
|
2,391,163 |
|
|
|
|
|
|
|
|
23 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Building and Development (continued) |
|
TRI Pointe Group, Inc./TRI Pointe Homes, Inc. |
|
|
|
|
|
|
|
|
|
4.375%, 6/15/19 |
|
|
|
|
|
|
1,725 |
|
|
$
|
1,740,094 |
|
5.875%, 6/15/24 |
|
|
|
|
|
|
1,670 |
|
|
|
1,663,738 |
|
|
|
|
|
|
|
|
|
|
|
$ |
23,904,208 |
|
|
Business Equipment and Services 1.9% |
|
Arena Luxembourg Finance S.a.r.l |
|
|
|
|
|
|
|
|
|
2.75%, (3 mo. EURIBOR + 2.75%),
11/1/23(9)(12) |
|
|
EUR |
|
|
|
500 |
|
|
$ |
582,826 |
|
Carriage Services, Inc. |
|
|
|
|
|
|
|
|
|
6.625%, 6/1/26(8) |
|
|
|
|
|
|
1,025 |
|
|
|
1,053,188 |
|
EC Finance PLC |
|
|
|
|
|
|
|
|
|
2.375%, 11/15/22(9) |
|
|
EUR |
|
|
|
500 |
|
|
|
582,428 |
|
EIG Investors Corp. |
|
|
|
|
|
|
|
|
|
10.875%, 2/1/24 |
|
|
|
|
|
|
3,810 |
|
|
|
4,176,712 |
|
First Data Corp. |
|
|
|
|
|
|
|
|
|
7.00%, 12/1/23(8) |
|
|
|
|
|
|
6,630 |
|
|
|
6,920,062 |
|
5.00%, 1/15/24(8) |
|
|
|
|
|
|
815 |
|
|
|
822,743 |
|
FTI Consulting, Inc. |
|
|
|
|
|
|
|
|
|
6.00%, 11/15/22 |
|
|
|
|
|
|
3,974 |
|
|
|
4,075,734 |
|
KAR Auction Services, Inc. |
|
|
|
|
|
|
|
|
|
5.125%, 6/1/25(8) |
|
|
|
|
|
|
1,555 |
|
|
|
1,512,238 |
|
La Financiere Atalian S.A. |
|
|
|
|
|
|
|
|
|
5.125%, 5/15/25(9) |
|
|
EUR |
|
|
|
413 |
|
|
|
472,848 |
|
Prime Security Services Borrower, LLC/Prime Finance, Inc. |
|
|
|
|
|
|
|
|
|
9.25%, 5/15/23(8) |
|
|
|
|
|
|
3,706 |
|
|
|
3,972,832 |
|
ServiceMaster Co., LLC (The) |
|
|
|
|
|
|
|
|
|
7.45%, 8/15/27 |
|
|
|
|
|
|
1,975 |
|
|
|
2,086,094 |
|
Solera, LLC/Solera Finance, Inc. |
|
|
|
|
|
|
|
|
|
10.50%, 3/1/24(8) |
|
|
|
|
|
|
1,035 |
|
|
|
1,139,328 |
|
United Rentals North America, Inc. |
|
|
|
|
|
|
|
|
|
5.50%, 5/15/27 |
|
|
|
|
|
|
295 |
|
|
|
292,419 |
|
Vantiv, LLC/Vanity Issuer Corp. |
|
|
|
|
|
|
|
|
|
3.875%, 11/15/25(9) |
|
|
GBP |
|
|
|
350 |
|
|
|
447,066 |
|
4.375%, 11/15/25(8) |
|
|
|
|
|
|
945 |
|
|
|
901,294 |
|
West Corp. |
|
|
|
|
|
|
|
|
|
8.50%,
10/15/25(8) |
|
|
|
|
|
|
3,330 |
|
|
|
3,071,925 |
|
|
|
|
|
|
|
|
|
|
|
$ |
32,109,737 |
|
|
Cable and Satellite Television 3.0% |
|
Altice France S.A. |
|
|
|
|
|
|
|
|
|
7.375%, 5/1/26(8) |
|
|
|
|
|
|
965 |
|
|
$ |
969,632 |
|
8.125%, 2/1/27(8) |
|
|
|
|
|
|
1,716 |
|
|
|
1,767,480 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Cable and Satellite Television (continued) |
|
Altice US Finance I Corp. |
|
|
|
|
|
|
|
|
5.50%, 5/15/26(8) |
|
|
|
|
2,000 |
|
|
$
|
1,999,000 |
|
Cablevision Systems Corp. |
|
|
|
|
|
|
|
|
8.00%, 4/15/20 |
|
|
|
|
635 |
|
|
|
670,719 |
|
5.875%, 9/15/22 |
|
|
|
|
1,085 |
|
|
|
1,108,734 |
|
CCO Holdings, LLC/CCO Holdings Capital Corp. |
|
|
|
|
|
|
|
|
5.25%, 9/30/22 |
|
|
|
|
4,295 |
|
|
|
4,357,965 |
|
5.75%, 1/15/24 |
|
|
|
|
1,980 |
|
|
|
2,017,125 |
|
5.875%, 4/1/24(8) |
|
|
|
|
230 |
|
|
|
235,463 |
|
5.375%, 5/1/25(8) |
|
|
|
|
3,605 |
|
|
|
3,586,975 |
|
5.75%, 2/15/26(8) |
|
|
|
|
1,885 |
|
|
|
1,896,781 |
|
5.00%, 2/1/28(8) |
|
|
|
|
1,755 |
|
|
|
1,653,912 |
|
Cequel Communications Holdings I, LLC/Cequel Capital Corp. |
|
|
|
|
|
|
|
|
5.125%, 12/15/21(8) |
|
|
|
|
105 |
|
|
|
105,811 |
|
Charter Communications Operating, LLC/Charter Communications Operating Capital |
|
|
|
|
|
|
|
|
3.75%, 2/15/28 |
|
|
|
|
1,300 |
|
|
|
1,198,898 |
|
Comcast Corp. |
|
|
|
|
|
|
|
|
3.15%, 2/15/28 |
|
|
|
|
1,105 |
|
|
|
1,025,158 |
|
CSC Holdings, LLC |
|
|
|
|
|
|
|
|
6.75%, 11/15/21 |
|
|
|
|
2,780 |
|
|
|
2,936,375 |
|
10.125%, 1/15/23(8) |
|
|
|
|
2,880 |
|
|
|
3,157,920 |
|
5.25%, 6/1/24 |
|
|
|
|
355 |
|
|
|
347,900 |
|
10.875%, 10/15/25(8) |
|
|
|
|
2,816 |
|
|
|
3,277,120 |
|
DISH DBS Corp. |
|
|
|
|
|
|
|
|
6.75%, 6/1/21 |
|
|
|
|
410 |
|
|
|
419,738 |
|
5.875%, 7/15/22 |
|
|
|
|
2,395 |
|
|
|
2,345,603 |
|
5.875%, 11/15/24 |
|
|
|
|
530 |
|
|
|
478,325 |
|
7.75%, 7/1/26 |
|
|
|
|
85 |
|
|
|
80,856 |
|
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH |
|
|
|
|
|
|
|
|
4.00%, 1/15/25(9) |
|
EUR |
|
|
500 |
|
|
|
612,261 |
|
UPC Holding B.V. |
|
|
|
|
|
|
|
|
5.50%, 1/15/28(8) |
|
|
|
|
1,825 |
|
|
|
1,736,214 |
|
3.875%, 6/15/29(9) |
|
EUR |
|
|
245 |
|
|
|
278,839 |
|
Virgin Media Finance PLC |
|
|
|
|
|
|
|
|
6.375%, 4/15/23(8) |
|
|
|
|
6,814 |
|
|
|
7,009,902 |
|
Virgin Media Secured Finance PLC |
|
|
|
|
|
|
|
|
5.50%, 1/15/25(8) |
|
|
|
|
725 |
|
|
|
727,719 |
|
5.25%, 1/15/26(8) |
|
|
|
|
2,430 |
|
|
|
2,385,142 |
|
WarnerMedia, LLC |
|
|
|
|
|
|
|
|
3.80%, 2/15/27 |
|
|
|
|
500 |
|
|
|
478,842 |
|
Ziggo Bond Finance B.V. |
|
|
|
|
|
|
|
|
5.875%, 1/15/25(8) |
|
|
|
|
730 |
|
|
|
688,937 |
|
6.00%, 1/15/27(8) |
|
|
|
|
745 |
|
|
|
680,744 |
|
|
|
|
|
|
|
|
24 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Cable and Satellite Television (continued) |
|
Ziggo Secured Finance B.V. |
|
|
|
|
|
|
|
|
|
5.50%,
1/15/27(8) |
|
|
|
|
|
|
1,035 |
|
|
$
|
973,676 |
|
|
|
|
|
|
|
|
|
|
|
$ |
51,209,766 |
|
|
Capital Goods 0.1% |
|
Valmont Industries, Inc. |
|
|
|
|
|
|
|
|
|
5.00%, 10/1/44 |
|
|
|
|
|
|
1,000 |
|
|
$ |
912,116 |
|
|
|
|
|
|
|
|
|
|
|
$ |
912,116 |
|
|
Chemicals and Plastics 1.0% |
|
Chemours Co. (The) |
|
|
|
|
|
|
|
|
|
7.00%, 5/15/25 |
|
|
|
|
|
|
1,085 |
|
|
$ |
1,156,057 |
|
4.00%, 5/15/26 |
|
|
EUR |
|
|
|
300 |
|
|
|
349,604 |
|
CTC BondCo GmbH |
|
|
|
|
|
|
|
|
|
5.25%, 12/15/25(9) |
|
|
EUR |
|
|
|
375 |
|
|
|
433,874 |
|
Cydsa SAB de CV |
|
|
|
|
|
|
|
|
|
6.25%, 10/4/27(8) |
|
|
|
|
|
|
585 |
|
|
|
560,138 |
|
Monitchem HoldCo 3 S.A. |
|
|
|
|
|
|
|
|
|
5.25%, 6/15/21(9) |
|
|
EUR |
|
|
|
250 |
|
|
|
288,138 |
|
Nufarm Australia, Ltd./Nufarm Americas, Inc. |
|
|
|
|
|
|
|
|
|
5.75%, 4/30/26(8) |
|
|
|
|
|
|
1,160 |
|
|
|
1,100,550 |
|
OCI N.V. |
|
|
|
|
|
|
|
|
|
5.00%, 4/15/23(9) |
|
|
EUR |
|
|
|
200 |
|
|
|
245,271 |
|
6.625%, 4/15/23(8) |
|
|
|
|
|
|
840 |
|
|
|
872,550 |
|
Olin Corp. |
|
|
|
|
|
|
|
|
|
5.00%, 2/1/30 |
|
|
|
|
|
|
725 |
|
|
|
680,594 |
|
Platform Specialty Products Corp. |
|
|
|
|
|
|
|
|
|
6.50%, 2/1/22(8) |
|
|
|
|
|
|
2,190 |
|
|
|
2,247,487 |
|
Sasol Financing USA, LLC |
|
|
|
|
|
|
|
|
|
5.875%, 3/27/24 |
|
|
|
|
|
|
795 |
|
|
|
810,779 |
|
SPCM S.A. |
|
|
|
|
|
|
|
|
|
4.875%, 9/15/25(8) |
|
|
|
|
|
|
560 |
|
|
|
535,354 |
|
Starfruit Finco B.V./Starfruit US Holdco, LLC |
|
|
|
|
|
|
|
|
|
6.50%, 10/1/26(9)(13) |
|
|
EUR |
|
|
|
190 |
|
|
|
223,230 |
|
8.00%, 10/1/26(8)(13) |
|
|
|
|
|
|
446 |
|
|
|
452,690 |
|
Tronox Finance PLC |
|
|
|
|
|
|
|
|
|
5.75%, 10/1/25(8) |
|
|
|
|
|
|
865 |
|
|
|
804,450 |
|
Tronox, Inc. |
|
|
|
|
|
|
|
|
|
6.50%, 4/15/26(8) |
|
|
|
|
|
|
975 |
|
|
|
942,094 |
|
Valvoline, Inc. |
|
|
|
|
|
|
|
|
|
5.50%, 7/15/24 |
|
|
|
|
|
|
375 |
|
|
|
376,875 |
|
Venator Finance S.a.r.l./Venator Materials, LLC |
|
|
|
|
|
|
|
|
|
5.75%, 7/15/25(8) |
|
|
|
|
|
|
835 |
|
|
|
761,937 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Chemicals and Plastics (continued) |
|
Versum Materials, Inc. |
|
|
|
|
|
|
|
|
|
5.50%, 9/30/24(8) |
|
|
|
|
|
|
1,270 |
|
|
$
|
1,301,750 |
|
W.R. Grace & Co. |
|
|
|
|
|
|
|
|
|
5.125%, 10/1/21(8) |
|
|
|
|
|
|
2,170 |
|
|
|
2,234,015 |
|
5.625%,
10/1/24(8) |
|
|
|
|
|
|
490 |
|
|
|
517,563 |
|
|
|
|
|
|
|
|
|
|
|
$ |
16,895,000 |
|
|
Clothing / Textiles 0.3% |
|
PrestigeBidCo GmbH |
|
|
|
|
|
|
|
|
|
6.25%, 12/15/23(9) |
|
|
EUR |
|
|
|
265 |
|
|
$ |
328,704 |
|
PVH Corp. |
|
|
|
|
|
|
|
|
|
7.75%, 11/15/23 |
|
|
|
|
|
|
3,740 |
|
|
|
4,282,300 |
|
|
|
|
|
|
|
|
|
|
|
$ |
4,611,004 |
|
|
Commercial Services 0.2% |
|
Algeco Global Finance PLC |
|
|
|
|
|
|
|
|
|
6.50%, 2/15/23(9) |
|
|
EUR |
|
|
|
250 |
|
|
$ |
307,472 |
|
8.00%, 2/15/23(8) |
|
|
|
|
|
|
895 |
|
|
|
921,850 |
|
Block Financial, LLC |
|
|
|
|
|
|
|
|
|
5.25%, 10/1/25 |
|
|
|
|
|
|
1,815 |
|
|
|
1,829,193 |
|
Inter Media and Communication SpA |
|
|
|
|
|
|
|
|
|
4.875%, 12/31/22(9) |
|
|
EUR |
|
|
|
135 |
|
|
|
157,911 |
|
IPD 3 B.V. |
|
|
|
|
|
|
|
|
|
4.50%, 7/15/22(9) |
|
|
EUR |
|
|
|
475 |
|
|
|
564,901 |
|
Refinitiv US Holdings, Inc. |
|
|
|
|
|
|
|
|
|
6.875%, 11/15/26(9)(13) |
|
|
EUR |
|
|
|
100 |
|
|
|
116,454 |
|
Verisure Holding AB |
|
|
|
|
|
|
|
|
|
6.00%,
11/1/22(9) |
|
|
EUR |
|
|
|
315 |
|
|
|
379,016 |
|
|
|
|
|
|
|
|
|
|
|
$ |
4,276,797 |
|
|
Computers 0.2% |
|
DXC Technology Co. |
|
|
|
|
|
|
|
|
|
4.75%, 4/15/27 |
|
|
|
|
|
|
1,000 |
|
|
$ |
1,024,867 |
|
Seagate HDD Cayman |
|
|
|
|
|
|
|
|
|
4.75%, 1/1/25 |
|
|
|
|
|
|
665 |
|
|
|
638,200 |
|
4.875%, 6/1/27 |
|
|
|
|
|
|
969 |
|
|
|
907,737 |
|
5.75%, 12/1/34 |
|
|
|
|
|
|
1,030 |
|
|
|
932,198 |
|
|
|
|
|
|
|
|
|
|
|
$ |
3,503,002 |
|
|
Conglomerates 0.3% |
|
Spectrum Brands, Inc. |
|
|
|
|
|
|
|
|
|
5.75%, 7/15/25 |
|
|
|
|
|
|
3,470 |
|
|
$ |
3,522,050 |
|
4.00%, 10/1/26(9) |
|
|
EUR |
|
|
|
200 |
|
|
|
236,501 |
|
|
|
|
|
|
|
|
25 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Conglomerates (continued) |
|
TMS International Corp. |
|
|
|
|
|
|
|
|
|
7.25%,
8/15/25(8) |
|
|
|
|
|
|
1,425 |
|
|
$
|
1,439,250 |
|
|
|
|
|
|
|
|
|
|
|
$ |
5,197,801 |
|
|
Consumer Products 0.1% |
|
Central Garden & Pet Co. |
|
|
|
|
|
|
|
|
|
6.125%, 11/15/23 |
|
|
|
|
|
|
575 |
|
|
$ |
595,844 |
|
HRG Group, Inc. |
|
|
|
|
|
|
|
|
|
7.75%, 1/15/22 |
|
|
|
|
|
|
250 |
|
|
|
258,000 |
|
|
|
|
|
|
|
|
|
|
|
$ |
853,844 |
|
|
Containers and Glass Products 0.7% |
|
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. |
|
|
|
|
|
|
|
|
|
4.25%, 9/15/22(8) |
|
|
|
|
|
|
375 |
|
|
$ |
371,063 |
|
2.75%, 3/15/24(9) |
|
|
EUR |
|
|
|
500 |
|
|
|
590,374 |
|
7.25%, 5/15/24(8) |
|
|
|
|
|
|
325 |
|
|
|
341,250 |
|
Ball Corp. |
|
|
|
|
|
|
|
|
|
4.375%, 12/15/20 |
|
|
|
|
|
|
2,375 |
|
|
|
2,413,594 |
|
Berry Global, Inc. |
|
|
|
|
|
|
|
|
|
6.00%, 10/15/22 |
|
|
|
|
|
|
970 |
|
|
|
1,002,737 |
|
4.50%, 2/15/26(8) |
|
|
|
|
|
|
197 |
|
|
|
187,643 |
|
BWAY Holding Co. |
|
|
|
|
|
|
|
|
|
5.50%, 4/15/24(8) |
|
|
|
|
|
|
1,115 |
|
|
|
1,098,933 |
|
Crown Americas, LLC/Crown Americas Capital Corp., V |
|
|
|
|
|
|
|
|
|
4.25%, 9/30/26 |
|
|
|
|
|
|
660 |
|
|
|
605,550 |
|
Crown Americas, LLC/Crown Americas Capital Corp., VI |
|
|
|
|
|
|
|
|
|
4.75%, 2/1/26(8) |
|
|
|
|
|
|
750 |
|
|
|
720,000 |
|
Owens-Brockway Glass Container, Inc. |
|
|
|
|
|
|
|
|
|
5.875%, 8/15/23(8) |
|
|
|
|
|
|
980 |
|
|
|
1,011,850 |
|
6.375%, 8/15/25(8) |
|
|
|
|
|
|
700 |
|
|
|
722,750 |
|
Reynolds Group Issuer, Inc./Reynolds Group Issuer, LLC |
|
|
|
|
|
|
|
|
|
5.75%, 10/15/20 |
|
|
|
|
|
|
242 |
|
|
|
243,185 |
|
5.125%, 7/15/23(8) |
|
|
|
|
|
|
1,015 |
|
|
|
1,010,686 |
|
7.00%,
7/15/24(8) |
|
|
|
|
|
|
1,315 |
|
|
|
1,340,478 |
|
|
|
|
|
|
|
|
|
|
|
$ |
11,660,093 |
|
|
Distribution & Wholesale
0.0%(14) |
|
Autodis SA |
|
|
|
|
|
|
|
|
|
4.375%, (3 mo. EURIBOR + 4.375%),
5/1/22(9)(12) |
|
|
EUR |
|
|
|
190 |
|
|
$ |
223,353 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Distribution & Wholesale (continued) |
|
LKQ Italia Bondco SpA |
|
|
|
|
|
|
|
|
|
3.875%,
4/1/24(9) |
|
|
EUR |
|
|
|
250 |
|
|
$
|
308,177 |
|
|
|
|
|
|
|
|
|
|
|
$ |
531,530 |
|
|
Diversified Financial Services 0.9% |
|
Arrow Global Finance PLC |
|
|
|
|
|
|
|
|
|
2.875%, (3 mo. EURIBOR + 2.875%),
4/1/25(9)(12) |
|
|
EUR |
|
|
|
250 |
|
|
$ |
272,826 |
|
Barclays PLC |
|
|
|
|
|
|
|
|
|
4.836%, 5/9/28 |
|
|
|
|
|
|
1,990 |
|
|
|
1,872,556 |
|
BGC Partners, Inc. |
|
|
|
|
|
|
|
|
|
5.375%, 7/24/23 |
|
|
|
|
|
|
2,000 |
|
|
|
2,001,528 |
|
BrightSphere Investment Group PLC |
|
|
|
|
|
|
|
|
|
4.80%, 7/27/26 |
|
|
|
|
|
|
2,195 |
|
|
|
2,134,753 |
|
Cadence Financial Corp. |
|
|
|
|
|
|
|
|
|
4.875%, 6/28/19(8) |
|
|
|
|
|
|
1,375 |
|
|
|
1,377,816 |
|
Discover Bank |
|
|
|
|
|
|
|
|
|
4.682% to 8/9/23, 8/9/28(10) |
|
|
|
|
|
|
1,000 |
|
|
|
990,970 |
|
Grupo KUO SAB de CV |
|
|
|
|
|
|
|
|
|
5.75%, 7/7/27(8) |
|
|
|
|
|
|
1,000 |
|
|
|
962,500 |
|
Jefferies Finance, LLC/JFIN Co-Issuer Corp. |
|
|
|
|
|
|
|
|
|
7.25%, 8/15/24(8) |
|
|
|
|
|
|
2,260 |
|
|
|
2,203,500 |
|
LSF10 Wolverine Investments SCA |
|
|
|
|
|
|
|
|
|
4.625%, (3 mo. EURIBOR + 4.625%),
3/15/24(9)(12) |
|
|
EUR |
|
|
|
200 |
|
|
|
235,055 |
|
SASU Newco SAB 20 SAS |
|
|
|
|
|
|
|
|
|
4.25%, 9/30/24(9) |
|
|
EUR |
|
|
|
390 |
|
|
|
435,372 |
|
Synchrony Financial |
|
|
|
|
|
|
|
|
|
3.95%, 12/1/27 |
|
|
|
|
|
|
1,100 |
|
|
|
998,505 |
|
UniCredit SpA |
|
|
|
|
|
|
|
|
|
5.861% to 6/19/27, 6/19/32(8)(10) |
|
|
|
|
|
|
1,250 |
|
|
|
1,119,721 |
|
Unifin Financiera SAB de CV SOFOM ENR |
|
|
|
|
|
|
|
|
|
8.875% to
1/29/25(8)(10)(11) |
|
|
|
|
|
|
248 |
|
|
|
233,120 |
|
|
|
|
|
|
|
|
|
|
|
$ |
14,838,222 |
|
|
Drugs 1.6% |
|
Bausch Health Companies, Inc. |
|
|
|
|
|
|
|
|
|
7.50%, 7/15/21(8) |
|
|
|
|
|
|
3,210 |
|
|
$ |
3,278,212 |
|
5.625%, 12/1/21(8) |
|
|
|
|
|
|
1,780 |
|
|
|
1,780,000 |
|
6.50%, 3/15/22(8) |
|
|
|
|
|
|
2,419 |
|
|
|
2,521,807 |
|
5.875%, 5/15/23(8) |
|
|
|
|
|
|
1,135 |
|
|
|
1,106,057 |
|
7.00%, 3/15/24(8) |
|
|
|
|
|
|
4,105 |
|
|
|
4,347,195 |
|
6.125%, 4/15/25(8) |
|
|
|
|
|
|
345 |
|
|
|
328,975 |
|
5.50%, 11/1/25(8) |
|
|
|
|
|
|
2,585 |
|
|
|
2,590,170 |
|
9.00%, 12/15/25(8) |
|
|
|
|
|
|
2,340 |
|
|
|
2,527,294 |
|
|
|
|
|
|
|
|
26 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Drugs (continued) |
|
Bausch Health Companies, Inc. (continued) |
|
|
|
|
|
|
|
|
|
9.25%, 4/1/26(8) |
|
|
|
|
|
|
670 |
|
|
$
|
724,438 |
|
8.50%, 1/31/27(8) |
|
|
|
|
|
|
1,680 |
|
|
|
1,768,200 |
|
Catalent Pharma Solutions, Inc. |
|
|
|
|
|
|
|
|
|
4.875%, 1/15/26(8) |
|
|
|
|
|
|
2,700 |
|
|
|
2,612,250 |
|
Jaguar Holding Co. II/Pharmaceutical Product Development, LLC |
|
|
|
|
|
|
|
|
|
6.375%, 8/1/23(8) |
|
|
|
|
|
|
3,120 |
|
|
|
3,151,200 |
|
Nidda Healthcare Holding GmbH |
|
|
|
|
|
|
|
|
|
3.50%,
9/30/24(9) |
|
|
EUR |
|
|
|
200 |
|
|
|
232,915 |
|
|
|
|
|
|
|
|
|
|
|
$ |
26,968,713 |
|
|
Ecological Services and Equipment 0.8% |
|
Advanced Disposal Services, Inc. |
|
|
|
|
|
|
|
|
|
5.625%, 11/15/24(8) |
|
|
|
|
|
|
1,405 |
|
|
$ |
1,423,953 |
|
Clean Harbors, Inc. |
|
|
|
|
|
|
|
|
|
5.125%, 6/1/21 |
|
|
|
|
|
|
900 |
|
|
|
904,500 |
|
Covanta Holding Corp. |
|
|
|
|
|
|
|
|
|
6.375%, 10/1/22 |
|
|
|
|
|
|
1,960 |
|
|
|
2,004,100 |
|
5.875%, 3/1/24 |
|
|
|
|
|
|
1,900 |
|
|
|
1,944,555 |
|
5.875%, 7/1/25 |
|
|
|
|
|
|
860 |
|
|
|
870,750 |
|
GFL Environmental, Inc. |
|
|
|
|
|
|
|
|
|
5.375%, 3/1/23(8) |
|
|
|
|
|
|
1,695 |
|
|
|
1,597,537 |
|
Hulk Finance Corp. |
|
|
|
|
|
|
|
|
|
7.00%, 6/1/26(8) |
|
|
|
|
|
|
690 |
|
|
|
668,438 |
|
Waste Pro USA, Inc. |
|
|
|
|
|
|
|
|
|
5.50%, 2/15/26(8) |
|
|
|
|
|
|
655 |
|
|
|
641,900 |
|
Wrangler Buyer Corp. |
|
|
|
|
|
|
|
|
|
6.00%,
10/1/25(8) |
|
|
|
|
|
|
3,793 |
|
|
|
3,696,620 |
|
|
|
|
|
|
|
|
|
|
|
$ |
13,752,353 |
|
|
Electric Utilities 0.3% |
|
ContourGlobal Power Holdings SA |
|
|
|
|
|
|
|
|
|
3.375%, 8/1/23(9) |
|
|
EUR |
|
|
|
240 |
|
|
$ |
279,418 |
|
Drax Finco PLC |
|
|
|
|
|
|
|
|
|
4.25%, 5/1/22(9) |
|
|
GBP |
|
|
|
325 |
|
|
|
433,507 |
|
Engie Energia Chile SA |
|
|
|
|
|
|
|
|
|
4.50%, 1/29/25(8) |
|
|
|
|
|
|
637 |
|
|
|
637,683 |
|
NRG Yield Operating, LLC |
|
|
|
|
|
|
|
|
|
5.375%, 8/15/24 |
|
|
|
|
|
|
483 |
|
|
|
487,830 |
|
5.00%, 9/15/26 |
|
|
|
|
|
|
495 |
|
|
|
476,438 |
|
State Grid Overseas Investment 2016, Ltd. |
|
|
|
|
|
|
|
|
|
2.875%, 5/18/26(9) |
|
|
|
|
|
|
2,300 |
|
|
|
2,115,713 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Electric Utilities (continued) |
|
TenneT Holding B.V. |
|
|
|
|
|
|
|
|
|
2.995% to
6/1/24(9)(10)(11) |
|
|
EUR |
|
|
|
350 |
|
|
$
|
412,061 |
|
|
|
|
|
|
|
|
|
|
|
$ |
4,842,650 |
|
|
Electronics / Electrical 1.4% |
|
Avnet, Inc. |
|
|
|
|
|
|
|
|
|
4.625%, 4/15/26 |
|
|
|
|
|
|
985 |
|
|
$ |
979,596 |
|
Electricite de France S.A. |
|
|
|
|
|
|
|
|
|
6.00% to 1/29/26(9)(10)(11) |
|
|
GBP |
|
|
|
400 |
|
|
|
534,394 |
|
Enel Finance International NV |
|
|
|
|
|
|
|
|
|
3.625%, 5/25/27(8) |
|
|
|
|
|
|
2,080 |
|
|
|
1,886,349 |
|
Energizer Gamma Acquisition B.V. |
|
|
|
|
|
|
|
|
|
4.625%, 7/15/26(9) |
|
|
EUR |
|
|
|
155 |
|
|
|
187,284 |
|
Energizer Gamma Acquisition, Inc. |
|
|
|
|
|
|
|
|
|
6.375%, 7/15/26(8) |
|
|
|
|
|
|
3,325 |
|
|
|
3,445,531 |
|
Entegris, Inc. |
|
|
|
|
|
|
|
|
|
4.625%, 2/10/26(8) |
|
|
|
|
|
|
975 |
|
|
|
932,246 |
|
Exelon Corp. |
|
|
|
|
|
|
|
|
|
5.625%, 6/15/35 |
|
|
|
|
|
|
819 |
|
|
|
917,759 |
|
Infor (US), Inc. |
|
|
|
|
|
|
|
|
|
6.50%, 5/15/22 |
|
|
|
|
|
|
1,760 |
|
|
|
1,792,648 |
|
Ingram Micro, Inc. |
|
|
|
|
|
|
|
|
|
5.45%, 12/15/24 |
|
|
|
|
|
|
1,889 |
|
|
|
1,862,316 |
|
Marvell Technology Group, Ltd. |
|
|
|
|
|
|
|
|
|
4.875%, 6/22/28 |
|
|
|
|
|
|
1,000 |
|
|
|
1,006,578 |
|
Microchip Technology, Inc. |
|
|
|
|
|
|
|
|
|
4.333%, 6/1/23(8) |
|
|
|
|
|
|
571 |
|
|
|
567,923 |
|
NXP B.V./NXP Funding, LLC |
|
|
|
|
|
|
|
|
|
4.625%, 6/1/23(8) |
|
|
|
|
|
|
1,430 |
|
|
|
1,455,311 |
|
Trimble, Inc. |
|
|
|
|
|
|
|
|
|
4.90%, 6/15/28 |
|
|
|
|
|
|
497 |
|
|
|
500,518 |
|
Veritas US, Inc./Veritas Bermuda, Ltd. |
|
|
|
|
|
|
|
|
|
7.50%, 2/1/23(8) |
|
|
|
|
|
|
985 |
|
|
|
959,390 |
|
7.50%, 2/1/23(9) |
|
|
EUR |
|
|
|
500 |
|
|
|
574,131 |
|
10.50%, 2/1/24(8) |
|
|
|
|
|
|
2,125 |
|
|
|
1,955,000 |
|
Western Digital Corp. |
|
|
|
|
|
|
|
|
|
4.75%, 2/15/26 |
|
|
|
|
|
|
4,765 |
|
|
|
4,617,047 |
|
|
|
|
|
|
|
|
|
|
|
$ |
24,174,021 |
|
|
Energy 0.1% |
|
Sunoco, L.P./Sunoco Finance Corp. |
|
|
|
|
|
|
|
|
|
4.875%, 1/15/23(8) |
|
|
|
|
|
|
950 |
|
|
$ |
942,875 |
|
5.50%, 2/15/26(8) |
|
|
|
|
|
|
412 |
|
|
|
399,022 |
|
|
|
|
|
|
|
|
27 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Energy (continued) |
|
Ultrapar International S.A. |
|
|
|
|
|
|
|
|
|
5.25%,
10/6/26(8) |
|
|
|
|
|
|
1,000 |
|
|
$
|
925,000 |
|
|
|
|
|
|
|
|
|
|
|
$ |
2,266,897 |
|
|
Engineering & Construction 0.1% |
|
Abengoa Abenewco 2 SAU |
|
|
|
|
|
|
|
|
|
1.50%, (0.25% cash, 1.25% PIK), 3/31/23(8) |
|
|
|
|
|
|
368 |
|
|
$ |
16,557 |
|
Fluor Corp. |
|
|
|
|
|
|
|
|
|
4.25%, 9/15/28 |
|
|
|
|
|
|
1,000 |
|
|
|
978,790 |
|
|
|
|
|
|
|
|
|
|
|
$ |
995,347 |
|
|
Entertainment 0.1% |
|
CPUK Finance, Ltd. |
|
|
|
|
|
|
|
|
|
4.875%, 2/28/47(9) |
|
|
GBP |
|
|
|
485 |
|
|
$ |
631,985 |
|
Merlin Entertainments PLC |
|
|
|
|
|
|
|
|
|
5.75%,
6/15/26(8) |
|
|
|
|
|
|
870 |
|
|
|
880,875 |
|
|
|
|
|
|
|
|
|
|
|
$ |
1,512,860 |
|
|
Financial Intermediaries 1.2% |
|
Ally Financial, Inc. |
|
|
|
|
|
|
|
|
|
8.00%, 12/31/18 |
|
|
|
|
|
|
75 |
|
|
$ |
75,844 |
|
CIT Group, Inc. |
|
|
|
|
|
|
|
|
|
5.375%, 5/15/20 |
|
|
|
|
|
|
570 |
|
|
|
587,157 |
|
6.125%, 3/9/28 |
|
|
|
|
|
|
650 |
|
|
|
680,875 |
|
Citigroup, Inc. |
|
|
|
|
|
|
|
|
|
2.35%, 8/2/21 |
|
|
|
|
|
|
360 |
|
|
|
349,037 |
|
Credit Acceptance Corp. |
|
|
|
|
|
|
|
|
|
7.375%, 3/15/23 |
|
|
|
|
|
|
925 |
|
|
|
971,250 |
|
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp. |
|
|
|
|
|
|
|
|
|
6.25%, 2/1/22 |
|
|
|
|
|
|
2,385 |
|
|
|
2,450,588 |
|
6.375%, 12/15/25 |
|
|
|
|
|
|
820 |
|
|
|
825,125 |
|
JPMorgan Chase & Co. |
|
|
|
|
|
|
|
|
|
4.203% to 7/23/28, 7/23/29(10) |
|
|
|
|
|
|
1,260 |
|
|
|
1,255,317 |
|
Series S, 6.75% to 2/1/24(10)(11) |
|
|
|
|
|
|
3,325 |
|
|
|
3,632,562 |
|
Navient Corp. |
|
|
|
|
|
|
|
|
|
5.50%, 1/15/19 |
|
|
|
|
|
|
3,125 |
|
|
|
3,144,531 |
|
4.875%, 6/17/19 |
|
|
|
|
|
|
215 |
|
|
|
216,774 |
|
8.00%, 3/25/20 |
|
|
|
|
|
|
2,150 |
|
|
|
2,277,925 |
|
5.00%, 10/26/20 |
|
|
|
|
|
|
995 |
|
|
|
1,009,736 |
|
7.25%, 1/25/22 |
|
|
|
|
|
|
215 |
|
|
|
227,631 |
|
6.75%, 6/15/26 |
|
|
|
|
|
|
1,345 |
|
|
|
1,334,913 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Financial Intermediaries (continued) |
|
Springleaf Finance Corp. |
|
|
|
|
|
|
|
|
|
7.125%, 3/15/26 |
|
|
|
|
|
|
998 |
|
|
$
|
998,000 |
|
|
|
|
|
|
|
|
|
|
|
$ |
20,037,265 |
|
|
Financial Services 0.5% |
|
Banco BTG Pactual SA/Cayman Islands |
|
|
|
|
|
|
|
|
|
5.50%, 1/31/23(8) |
|
|
|
|
|
|
510 |
|
|
$ |
482,498 |
|
Banco Santander Mexico |
|
|
|
|
|
|
|
|
|
5.95% to 10/1/23, 10/1/28(8)(10)(13) |
|
|
|
|
|
|
865 |
|
|
|
880,138 |
|
Brookfield Finance, Inc. |
|
|
|
|
|
|
|
|
|
3.90%, 1/25/28 |
|
|
|
|
|
|
2,000 |
|
|
|
1,903,610 |
|
Jefferies Group, LLC |
|
|
|
|
|
|
|
|
|
6.50%, 1/20/43 |
|
|
|
|
|
|
680 |
|
|
|
701,501 |
|
Nordea Bank ABP |
|
|
|
|
|
|
|
|
|
4.625% to 9/13/28, 9/13/33(8)(10) |
|
|
|
|
|
|
1,000 |
|
|
|
989,653 |
|
Sensata Technologies UK Financing Co. PLC |
|
|
|
|
|
|
|
|
|
6.25%,
2/15/26(8) |
|
|
|
|
|
|
2,735 |
|
|
|
2,892,262 |
|
|
|
|
|
|
|
|
|
|
|
$ |
7,849,662 |
|
|
Food Products 0.8% |
|
Dole Food Co., Inc. |
|
|
|
|
|
|
|
|
|
7.25%, 6/15/25(8) |
|
|
|
|
|
|
3,550 |
|
|
$ |
3,479,000 |
|
Iceland Bondco PLC |
|
|
|
|
|
|
|
|
|
5.003%, (3 mo. GBP LIBOR + 4.25%),
7/15/20(8)(12) |
|
|
GBP |
|
|
|
254 |
|
|
|
331,821 |
|
Pilgrims Pride Corp. |
|
|
|
|
|
|
|
|
|
5.875%, 9/30/27(8) |
|
|
|
|
|
|
1,170 |
|
|
|
1,111,500 |
|
Post Holdings, Inc. |
|
|
|
|
|
|
|
|
|
5.50%, 3/1/25(8) |
|
|
|
|
|
|
1,680 |
|
|
|
1,672,860 |
|
8.00%, 7/15/25(8) |
|
|
|
|
|
|
745 |
|
|
|
822,294 |
|
5.00%, 8/15/26(8) |
|
|
|
|
|
|
2,275 |
|
|
|
2,159,658 |
|
5.625%, 1/15/28(8) |
|
|
|
|
|
|
1,325 |
|
|
|
1,278,625 |
|
Smithfield Foods, Inc. |
|
|
|
|
|
|
|
|
|
2.65%, 10/3/21(8) |
|
|
|
|
|
|
550 |
|
|
|
524,421 |
|
Tesco PLC |
|
|
|
|
|
|
|
|
|
6.125%, 2/24/22 |
|
|
GBP |
|
|
|
400 |
|
|
|
585,794 |
|
US Foods, Inc. |
|
|
|
|
|
|
|
|
|
5.875%,
6/15/24(8) |
|
|
|
|
|
|
2,560 |
|
|
|
2,585,600 |
|
|
|
|
|
|
|
|
|
|
|
$ |
14,551,573 |
|
|
Food Service 0.6% |
|
1011778 B.C. Unlimited Liability Company/ New Red Finance, Inc. |
|
|
|
|
|
|
|
|
|
4.625%, 1/15/22(8) |
|
|
|
|
|
|
2,410 |
|
|
$ |
2,425,062 |
|
|
|
|
|
|
|
|
28 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Food Service (continued) |
|
1011778 B.C. Unlimited Liability Company/ New Red Finance, Inc. (continued) |
|
|
|
|
|
|
|
|
|
4.25%, 5/15/24(8) |
|
|
|
|
|
|
2,720 |
|
|
$
|
2,588,434 |
|
5.00%, 10/15/25(8) |
|
|
|
|
|
|
3,470 |
|
|
|
3,331,235 |
|
IRB Holding Corp. |
|
|
|
|
|
|
|
|
|
6.75%, 2/15/26(8) |
|
|
|
|
|
|
1,045 |
|
|
|
1,026,712 |
|
Welbilt, Inc. |
|
|
|
|
|
|
|
|
|
9.50%, 2/15/24 |
|
|
|
|
|
|
815 |
|
|
|
894,463 |
|
|
|
|
|
|
|
|
|
|
|
$ |
10,265,906 |
|
|
Food / Drug Retailers 0.1% |
|
ESAL GmbH |
|
|
|
|
|
|
|
|
|
6.25%,
2/5/23(8) |
|
|
|
|
|
|
2,075 |
|
|
$ |
2,067,219 |
|
|
|
|
|
|
|
|
|
|
|
$ |
2,067,219 |
|
|
Forest Products 0.0%(14) |
|
Mercer International, Inc. |
|
|
|
|
|
|
|
|
|
5.50%, 1/15/26 |
|
|
|
|
|
|
450 |
|
|
$ |
442,125 |
|
|
|
|
|
|
|
|
|
|
|
$ |
442,125 |
|
|
Health Care 3.8% |
|
Abbott Laboratories |
|
|
|
|
|
|
|
|
|
4.90%, 11/30/46 |
|
|
|
|
|
|
360 |
|
|
$ |
391,971 |
|
Amgen, Inc. |
|
|
|
|
|
|
|
|
|
2.60%, 8/19/26 |
|
|
|
|
|
|
840 |
|
|
|
761,428 |
|
Centene Corp. |
|
|
|
|
|
|
|
|
|
4.75%, 5/15/22 |
|
|
|
|
|
|
870 |
|
|
|
882,615 |
|
6.125%, 2/15/24 |
|
|
|
|
|
|
200 |
|
|
|
211,000 |
|
4.75%, 1/15/25 |
|
|
|
|
|
|
2,450 |
|
|
|
2,450,000 |
|
5.375%, 6/1/26(8) |
|
|
|
|
|
|
2,690 |
|
|
|
2,763,975 |
|
Charles River Laboratories International, Inc. |
|
|
|
|
|
|
|
|
|
5.50%, 4/1/26(8) |
|
|
|
|
|
|
545 |
|
|
|
554,538 |
|
CHS/Community Health Systems, Inc. |
|
|
|
|
|
|
|
|
|
6.25%, 3/31/23 |
|
|
|
|
|
|
2,785 |
|
|
|
2,656,194 |
|
Eagle Holding Co. II, LLC |
|
|
|
|
|
|
|
|
|
7.625%, (7.625% cash or 8.375% PIK),
5/15/22(8)(15) |
|
|
|
|
|
|
1,260 |
|
|
|
1,278,900 |
|
Envision Healthcare Corp. |
|
|
|
|
|
|
|
|
|
5.625%, 7/15/22 |
|
|
|
|
|
|
1,050 |
|
|
|
1,080,135 |
|
6.25%, 12/1/24(8) |
|
|
|
|
|
|
1,641 |
|
|
|
1,772,280 |
|
8.75%, 10/15/26(8)(13) |
|
|
|
|
|
|
2,520 |
|
|
|
2,520,000 |
|
Gilead Sciences, Inc. |
|
|
|
|
|
|
|
|
|
2.95%, 3/1/27 |
|
|
|
|
|
|
800 |
|
|
|
745,050 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Health Care (continued) |
|
Grifols S.A. |
|
|
|
|
|
|
|
|
|
3.20%, 5/1/25(9) |
|
|
EUR |
|
|
|
550 |
|
|
$
|
648,955 |
|
HCA Healthcare, Inc. |
|
|
|
|
|
|
|
|
|
6.25%, 2/15/21 |
|
|
|
|
|
|
1,710 |
|
|
|
1,786,950 |
|
HCA, Inc. |
|
|
|
|
|
|
|
|
|
6.50%, 2/15/20 |
|
|
|
|
|
|
3,215 |
|
|
|
3,346,011 |
|
7.50%, 2/15/22 |
|
|
|
|
|
|
2,930 |
|
|
|
3,215,675 |
|
4.75%, 5/1/23 |
|
|
|
|
|
|
1,125 |
|
|
|
1,148,906 |
|
5.00%, 3/15/24 |
|
|
|
|
|
|
675 |
|
|
|
693,563 |
|
5.875%, 2/15/26 |
|
|
|
|
|
|
2,705 |
|
|
|
2,823,344 |
|
5.375%, 9/1/26 |
|
|
|
|
|
|
1,610 |
|
|
|
1,633,345 |
|
5.625%, 9/1/28 |
|
|
|
|
|
|
1,990 |
|
|
|
2,004,925 |
|
Hologic, Inc. |
|
|
|
|
|
|
|
|
|
4.375%, 10/15/25(8) |
|
|
|
|
|
|
1,665 |
|
|
|
1,594,238 |
|
inVentiv Group Holdings, Inc./inVentiv Health, Inc./ inVentiv Health Clinical, Inc. |
|
|
|
|
|
|
|
|
|
7.50%, 10/1/24(8) |
|
|
|
|
|
|
1,629 |
|
|
|
1,730,813 |
|
Kinetic Concepts, Inc./KCI USA, Inc. |
|
|
|
|
|
|
|
|
|
7.875%, 2/15/21(8) |
|
|
|
|
|
|
1,405 |
|
|
|
1,452,840 |
|
12.50%, 11/1/21(8) |
|
|
|
|
|
|
2,965 |
|
|
|
3,277,214 |
|
Medtronic Global Holdings SCA |
|
|
|
|
|
|
|
|
|
3.35%, 4/1/27 |
|
|
|
|
|
|
750 |
|
|
|
732,651 |
|
MPH Acquisition Holdings, LLC |
|
|
|
|
|
|
|
|
|
7.125%, 6/1/24(8) |
|
|
|
|
|
|
2,150 |
|
|
|
2,240,300 |
|
Polaris Intermediate Corp. |
|
|
|
|
|
|
|
|
|
8.50%, (8.50% cash or 9.25% PIK),
12/1/22(8)(15) |
|
|
|
|
|
|
2,940 |
|
|
|
3,048,751 |
|
Synlab Bondco PLC |
|
|
|
|
|
|
|
|
|
3.50%, (3 mo. EURIBOR + 3.50%), 7/1/22(9)(12) |
|
|
EUR |
|
|
|
580 |
|
|
|
679,605 |
|
Team Health Holdings, Inc. |
|
|
|
|
|
|
|
|
|
6.375%, 2/1/25(8) |
|
|
|
|
|
|
2,020 |
|
|
|
1,757,400 |
|
Teleflex, Inc. |
|
|
|
|
|
|
|
|
|
5.25%, 6/15/24 |
|
|
|
|
|
|
790 |
|
|
|
816,505 |
|
4.625%, 11/15/27 |
|
|
|
|
|
|
1,055 |
|
|
|
1,006,206 |
|
Tenet Healthcare Corp. |
|
|
|
|
|
|
|
|
|
6.00%, 10/1/20 |
|
|
|
|
|
|
2,435 |
|
|
|
2,517,181 |
|
7.50%, 1/1/22(8) |
|
|
|
|
|
|
680 |
|
|
|
712,300 |
|
8.125%, 4/1/22 |
|
|
|
|
|
|
2,040 |
|
|
|
2,157,402 |
|
6.75%, 6/15/23 |
|
|
|
|
|
|
325 |
|
|
|
325,000 |
|
UnitedHealth Group, Inc. |
|
|
|
|
|
|
|
|
|
3.375%, 4/15/27 |
|
|
|
|
|
|
475 |
|
|
|
461,742 |
|
WellCare Health Plans, Inc. |
|
|
|
|
|
|
|
|
|
5.25%, 4/1/25 |
|
|
|
|
|
|
3,275 |
|
|
|
3,336,406 |
|
5.375%,
8/15/26(8) |
|
|
|
|
|
|
1,215 |
|
|
|
1,239,300 |
|
|
|
|
|
|
|
|
|
|
|
$ |
64,455,614 |
|
|
|
|
|
|
|
|
29 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Home Furnishings 0.1% |
|
Harman International Industries, Inc. |
|
|
|
|
|
|
|
|
|
4.15%, 5/15/25 |
|
|
|
|
|
|
940 |
|
|
$ |
927,091 |
|
|
|
|
|
|
|
|
|
|
|
$ |
927,091 |
|
|
Homebuilders / Real Estate
0.0%(14) |
|
Keystone Financing PLC |
|
|
|
|
|
|
|
|
|
9.50%,
10/15/19(9) |
|
|
GBP |
|
|
|
306 |
|
|
$ |
401,443 |
|
|
|
|
|
|
|
|
|
|
|
$ |
401,443 |
|
|
Industrial Equipment 0.3% |
|
ABG Orphan Holdco S.a.r.l. |
|
|
|
|
|
|
|
|
|
14.00%, (5.00% cash, 9.00% PIK), 2/28/21(8) |
|
|
|
|
|
|
283 |
|
|
$ |
303,453 |
|
BlueLine Rental Finance Corp./ BlueLine Rental, LLC |
|
|
|
|
|
|
|
|
|
9.25%, 3/15/24(8) |
|
|
|
|
|
|
1,010 |
|
|
|
1,062,394 |
|
CNH Industrial Capital, LLC |
|
|
|
|
|
|
|
|
|
4.20%, 1/15/24 |
|
|
|
|
|
|
805 |
|
|
|
801,489 |
|
Orano SA |
|
|
|
|
|
|
|
|
|
4.875%, 9/23/24 |
|
|
EUR |
|
|
|
450 |
|
|
|
538,526 |
|
Titan Acquisition, Ltd./Titan Co-Borrower, LLC |
|
|
|
|
|
|
|
|
|
7.75%, 4/15/26(8) |
|
|
|
|
|
|
2,160 |
|
|
|
1,879,200 |
|
Wabtec Corp. |
|
|
|
|
|
|
|
|
|
3.45%, 11/15/26 |
|
|
|
|
|
|
1,000 |
|
|
|
918,813 |
|
|
|
|
|
|
|
|
|
|
|
$ |
5,503,875 |
|
|
Insurance 0.9% |
|
Alliant Holdings Intermediate, LLC/Alliant Holdings Co-Issuer |
|
|
|
|
|
|
|
|
|
8.25%, 8/1/23(8) |
|
|
|
|
|
|
5,430 |
|
|
$ |
5,633,625 |
|
Ardonagh Midco 3 PLC |
|
|
|
|
|
|
|
|
|
8.375%, 7/15/23(9) |
|
|
GBP |
|
|
|
440 |
|
|
|
559,273 |
|
8.625%, 7/15/23(8) |
|
|
|
|
|
|
2,335 |
|
|
|
2,317,487 |
|
Athene Holding, Ltd. |
|
|
|
|
|
|
|
|
|
4.125%, 1/12/28 |
|
|
|
|
|
|
1,000 |
|
|
|
935,571 |
|
Berkshire Hathaway Energy Co. |
|
|
|
|
|
|
|
|
|
4.50%, 2/1/45 |
|
|
|
|
|
|
680 |
|
|
|
681,952 |
|
Frontdoor, Inc. |
|
|
|
|
|
|
|
|
|
6.75%, 8/15/26(8) |
|
|
|
|
|
|
1,100 |
|
|
|
1,135,750 |
|
Hub International, Ltd. |
|
|
|
|
|
|
|
|
|
7.00%, 5/1/26(8) |
|
|
|
|
|
|
2,365 |
|
|
|
2,374,011 |
|
MGIC Investment Corp. |
|
|
|
|
|
|
|
|
|
5.75%, 8/15/23 |
|
|
|
|
|
|
1,000 |
|
|
|
1,050,000 |
|
|
|
|
|
|
|
|
|
|
|
$ |
14,687,669 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Internet Software & Services 0.7% |
|
eDreams Odigeo SA |
|
|
|
|
5.50%, 9/1/23(9) |
|
|
EUR |
|
|
|
180 |
|
|
$ |
210,327 |
|
Netflix, Inc. |
|
|
|
|
|
|
|
|
|
5.50%, 2/15/22 |
|
|
|
|
|
|
1,825 |
|
|
|
1,890,244 |
|
4.875%, 4/15/28(8) |
|
|
|
|
|
|
1,665 |
|
|
|
1,567,181 |
|
5.875%, 11/15/28(8) |
|
|
|
|
|
|
1,810 |
|
|
|
1,817,819 |
|
Riverbed Technology, Inc. |
|
|
|
|
|
|
|
|
|
8.875%, 3/1/23(8) |
|
|
|
|
|
|
3,495 |
|
|
|
3,307,144 |
|
Symantec Corp. |
|
|
|
|
|
|
|
|
|
5.00%,
4/15/25(8) |
|
|
|
|
|
|
2,495 |
|
|
|
2,478,772 |
|
|
|
|
|
|
|
|
|
|
|
$ |
11,271,487 |
|
|
Leisure Goods / Activities / Movies 0.9% |
|
AMC Entertainment Holdings, Inc. |
|
|
|
|
|
|
|
|
|
6.375%, 11/15/24 |
|
|
GBP |
|
|
|
225 |
|
|
$ |
299,468 |
|
5.875%, 11/15/26 |
|
|
|
|
|
|
710 |
|
|
|
681,600 |
|
6.125%, 5/15/27 |
|
|
|
|
|
|
2,545 |
|
|
|
2,451,471 |
|
Cinemark USA, Inc. |
|
|
|
|
|
|
|
|
|
4.875%, 6/1/23 |
|
|
|
|
|
|
2,730 |
|
|
|
2,699,287 |
|
Mattel, Inc. |
|
|
|
|
|
|
|
|
|
6.75%, 12/31/25(8) |
|
|
|
|
|
|
805 |
|
|
|
790,913 |
|
National CineMedia, LLC |
|
|
|
|
|
|
|
|
|
6.00%, 4/15/22 |
|
|
|
|
|
|
725 |
|
|
|
737,688 |
|
NCL Corp., Ltd. |
|
|
|
|
|
|
|
|
|
4.75%, 12/15/21(8) |
|
|
|
|
|
|
1,086 |
|
|
|
1,098,217 |
|
Sabre GLBL, Inc. |
|
|
|
|
|
|
|
|
|
5.375%, 4/15/23(8) |
|
|
|
|
|
|
855 |
|
|
|
861,284 |
|
Viking Cruises, Ltd. |
|
|
|
|
|
|
|
|
|
6.25%, 5/15/25(8) |
|
|
|
|
|
|
1,690 |
|
|
|
1,698,450 |
|
5.875%,
9/15/27(8) |
|
|
|
|
|
|
4,760 |
|
|
|
4,656,708 |
|
|
|
|
|
|
|
|
|
|
|
$ |
15,975,086 |
|
|
Lodging and Casinos 2.3% |
|
Caesars Resort Collection, LLC/CRC Finco, Inc. |
|
|
|
|
|
|
|
|
|
5.25%, 10/15/25(8) |
|
|
|
|
|
|
4,027 |
|
|
$ |
3,845,785 |
|
Eldorado Resorts, Inc. |
|
|
|
|
|
|
|
|
|
6.00%, 4/1/25 |
|
|
|
|
|
|
1,450 |
|
|
|
1,473,563 |
|
ESH Hospitality, Inc. |
|
|
|
|
|
|
|
|
|
5.25%, 5/1/25(8) |
|
|
|
|
|
|
1,260 |
|
|
|
1,225,350 |
|
Gateway Casinos & Entertainment, Ltd. |
|
|
|
|
|
|
|
|
|
8.25%, 3/1/24(8) |
|
|
|
|
|
|
255 |
|
|
|
269,025 |
|
GLP Capital, L.P./GLP Financing II, Inc. |
|
|
|
|
|
|
|
|
|
4.875%, 11/1/20 |
|
|
|
|
|
|
2,650 |
|
|
|
2,703,000 |
|
5.75%, 6/1/28 |
|
|
|
|
|
|
1,125 |
|
|
|
1,163,655 |
|
|
|
|
|
|
|
|
30 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Lodging and Casinos (continued) |
|
Golden Nugget, Inc. |
|
|
|
|
|
|
|
|
|
6.75%, 10/15/24(8) |
|
|
|
|
|
|
2,945 |
|
|
$
|
2,994,712 |
|
8.75%, 10/1/25(8) |
|
|
|
|
|
|
1,995 |
|
|
|
2,096,306 |
|
Hilton Domestic Operating Co., Inc. |
|
|
|
|
|
|
|
|
|
4.25%, 9/1/24 |
|
|
|
|
|
|
1,410 |
|
|
|
1,368,123 |
|
Jack Ohio Finance, LLC/Jack Ohio Finance 1 Corp. |
|
|
|
|
|
|
|
|
|
6.75%, 11/15/21(8) |
|
|
|
|
|
|
1,395 |
|
|
|
1,447,313 |
|
10.25%, 11/15/22(8) |
|
|
|
|
|
|
1,310 |
|
|
|
1,444,537 |
|
MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc. |
|
|
|
|
|
|
|
|
|
5.625%, 5/1/24 |
|
|
|
|
|
|
480 |
|
|
|
493,800 |
|
4.50%, 9/1/26 |
|
|
|
|
|
|
895 |
|
|
|
850,250 |
|
MGM Resorts International |
|
|
|
|
|
|
|
|
|
6.625%, 12/15/21 |
|
|
|
|
|
|
2,455 |
|
|
|
2,607,210 |
|
7.75%, 3/15/22 |
|
|
|
|
|
|
3,340 |
|
|
|
3,669,925 |
|
5.75%, 6/15/25 |
|
|
|
|
|
|
1,445 |
|
|
|
1,455,115 |
|
NH Hotel Group S.A. |
|
3.75%, 10/1/23(9) |
|
|
EUR |
|
|
|
250 |
|
|
|
304,403 |
|
RHP Hotel Properties, L.P./RHP Finance Corp. |
|
|
|
|
|
|
|
|
|
5.00%, 4/15/23 |
|
|
|
|
|
|
1,291 |
|
|
|
1,297,997 |
|
Stars Group Holdings B.V./ Stars Group US Co-Borrower, LLC |
|
|
|
|
|
|
|
|
|
7.00%, 7/15/26(8) |
|
|
|
|
|
|
2,270 |
|
|
|
2,347,611 |
|
Studio City Co., Ltd. |
|
|
|
|
|
|
|
|
|
7.25%, 11/30/21(8) |
|
|
|
|
|
|
845 |
|
|
|
876,688 |
|
Tunica-Biloxi Gaming Authority |
|
|
|
|
|
|
|
|
|
3.78%, 12/15/20(8) |
|
|
|
|
|
|
1,856 |
|
|
|
505,704 |
|
VICI Properties 1, LLC/VICI FC, Inc. |
|
|
|
|
|
|
|
|
|
8.00%, 10/15/23 |
|
|
|
|
|
|
2,969 |
|
|
|
3,291,600 |
|
Wyndham Destinations, Inc. |
|
|
|
|
|
|
|
|
|
4.15%, 4/1/24 |
|
|
|
|
|
|
1,200 |
|
|
|
1,170,000 |
|
Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp. |
|
|
|
|
|
|
|
|
|
5.25%, 5/15/27(8) |
|
|
|
|
|
|
335 |
|
|
|
311,550 |
|
Wynn Macau, Ltd. |
|
|
|
|
|
|
|
|
|
5.50%,
10/1/27(8) |
|
|
|
|
|
|
215 |
|
|
|
201,831 |
|
|
|
|
|
|
|
|
|
|
|
$ |
39,415,053 |
|
|
Machinery 0.2% |
|
Cloud Crane, LLC |
|
|
|
|
|
|
|
|
|
10.125%, 8/1/24(8) |
|
|
|
|
|
|
1,625 |
|
|
$ |
1,783,437 |
|
Nvent Finance S.a.r.l. |
|
|
|
|
|
|
|
|
|
4.55%,
4/15/28(8) |
|
|
|
|
|
|
1,000 |
|
|
|
974,870 |
|
|
|
|
|
|
|
|
|
|
|
$ |
2,758,307 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Manufacturing 0.1% |
|
Novelis Corp. |
|
|
|
|
|
|
|
|
|
6.25%, 8/15/24(8) |
|
|
|
|
|
|
1,065 |
|
|
$ |
1,088,963 |
|
5.875%,
9/30/26(8) |
|
|
|
|
|
|
1,530 |
|
|
|
1,497,487 |
|
|
|
|
|
|
|
|
|
|
|
$ |
2,586,450 |
|
|
Media 0.0%(14) |
|
McGraw-Hill Global Education Holdings, LLC/ McGraw-Hill Global Education Finance |
|
|
|
|
|
|
|
|
|
7.875%, 5/15/24(8) |
|
|
|
|
|
|
261 |
|
|
$ |
234,900 |
|
MDC Partners, Inc. |
|
|
|
|
|
|
|
|
|
6.50%,
5/1/24(8) |
|
|
|
|
|
|
186 |
|
|
|
166,470 |
|
|
|
|
|
|
|
|
|
|
|
$ |
401,370 |
|
|
Metals / Mining 0.6% |
|
Alcoa Nederland Holding B.V. |
|
|
|
|
|
|
|
|
|
6.75%, 9/30/24(8) |
|
|
|
|
|
|
670 |
|
|
$ |
711,875 |
|
7.00%, 9/30/26(8) |
|
|
|
|
|
|
200 |
|
|
|
215,750 |
|
6.125%, 5/15/28(8) |
|
|
|
|
|
|
970 |
|
|
|
999,100 |
|
Constellium N.V. |
|
|
|
|
|
|
|
|
|
4.25%, 2/15/26(8) |
|
|
EUR |
|
|
|
1,000 |
|
|
|
1,182,762 |
|
4.25%, 2/15/26(9) |
|
|
EUR |
|
|
|
400 |
|
|
|
473,105 |
|
5.875%, 2/15/26(8) |
|
|
|
|
|
|
1,205 |
|
|
|
1,182,406 |
|
Freeport-McMoRan, Inc. |
|
|
|
|
|
|
|
|
|
4.55%, 11/14/24 |
|
|
|
|
|
|
1,000 |
|
|
|
975,000 |
|
5.45%, 3/15/43 |
|
|
|
|
|
|
150 |
|
|
|
136,875 |
|
Hudbay Minerals, Inc. |
|
|
|
|
|
|
|
|
|
7.25%, 1/15/23(8) |
|
|
|
|
|
|
1,015 |
|
|
|
1,048,099 |
|
7.625%, 1/15/25(8) |
|
|
|
|
|
|
1,825 |
|
|
|
1,893,437 |
|
Nyrstar Netherlands Holdings B.V. |
|
|
|
|
|
|
|
|
|
8.50%, 9/15/19(9) |
|
|
EUR |
|
|
|
180 |
|
|
|
194,099 |
|
Yamana Gold, Inc. |
|
|
|
|
|
|
|
|
|
4.625%, 12/15/27 |
|
|
|
|
|
|
1,000 |
|
|
|
942,210 |
|
|
|
|
|
|
|
|
|
|
|
$ |
9,954,718 |
|
|
Nonferrous Metals / Minerals 0.8% |
|
Eldorado Gold Corp. |
|
|
|
|
|
|
|
|
|
6.125%, 12/15/20(8) |
|
|
|
|
|
|
3,750 |
|
|
$ |
3,571,875 |
|
First Quantum Minerals, Ltd. |
|
|
|
|
|
|
|
|
|
7.00%, 2/15/21(8) |
|
|
|
|
|
|
655 |
|
|
|
648,859 |
|
7.25%, 4/1/23(8) |
|
|
|
|
|
|
2,010 |
|
|
|
1,919,550 |
|
7.50%, 4/1/25(8) |
|
|
|
|
|
|
2,508 |
|
|
|
2,388,870 |
|
6.875%, 3/1/26(8) |
|
|
|
|
|
|
636 |
|
|
|
579,555 |
|
Imperial Metals Corp. |
|
|
|
|
|
|
|
|
|
7.00%, 3/15/19(8) |
|
|
|
|
|
|
880 |
|
|
|
748,000 |
|
|
|
|
|
|
|
|
31 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Nonferrous Metals / Minerals (continued) |
|
New Gold, Inc. |
|
|
|
|
|
|
|
|
|
6.25%, 11/15/22(8) |
|
|
|
|
|
|
2,130 |
|
|
$
|
1,874,400 |
|
6.375%, 5/15/25(8) |
|
|
|
|
|
|
695 |
|
|
|
580,325 |
|
SunCoke Energy Partners, L.P./SunCoke Energy Partners Finance Corp. |
|
|
|
|
|
|
|
|
|
7.50%,
6/15/25(8) |
|
|
|
|
|
|
1,530 |
|
|
|
1,579,725 |
|
|
|
|
|
|
|
|
|
|
|
$ |
13,891,159 |
|
|
Oil and Gas 6.7% |
|
Aker BP ASA |
|
|
|
|
|
|
|
|
|
5.875%, 3/31/25(8) |
|
|
|
|
|
|
965 |
|
|
$ |
999,981 |
|
AmeriGas Partners, L.P./AmeriGas Finance Corp. |
|
|
|
|
|
|
|
|
|
5.625%, 5/20/24 |
|
|
|
|
|
|
280 |
|
|
|
279,300 |
|
5.50%, 5/20/25 |
|
|
|
|
|
|
2,880 |
|
|
|
2,844,000 |
|
Antero Resources Corp. |
|
|
|
|
|
|
|
|
|
5.375%, 11/1/21 |
|
|
|
|
|
|
2,715 |
|
|
|
2,756,539 |
|
5.625%, 6/1/23 |
|
|
|
|
|
|
270 |
|
|
|
277,088 |
|
Ascent Resources Utica Holdings, LLC/ARU Finance Corp. |
|
|
|
|
|
|
|
|
|
7.00%, 11/1/26(8)(13) |
|
|
|
|
|
|
1,951 |
|
|
|
1,942,708 |
|
Berry Petroleum Co., LLC |
|
|
|
|
|
|
|
|
|
7.00%, 2/15/26(8) |
|
|
|
|
|
|
1,385 |
|
|
|
1,440,400 |
|
Canbriam Energy, Inc. |
|
|
|
|
|
|
|
|
|
9.75%, 11/15/19(8) |
|
|
|
|
|
|
2,265 |
|
|
|
2,281,987 |
|
Centennial Resource Production, LLC |
|
|
|
|
|
|
|
|
|
5.375%, 1/15/26(8) |
|
|
|
|
|
|
2,175 |
|
|
|
2,169,562 |
|
Cheniere Corpus Christi Holdings, LLC |
|
|
|
|
|
|
|
|
|
7.00%, 6/30/24 |
|
|
|
|
|
|
340 |
|
|
|
373,150 |
|
5.875%, 3/31/25 |
|
|
|
|
|
|
2,065 |
|
|
|
2,173,412 |
|
Cheniere Energy Partners, L.P. |
|
|
|
|
|
|
|
|
|
5.25%, 10/1/25 |
|
|
|
|
|
|
1,590 |
|
|
|
1,593,975 |
|
5.625%, 10/1/26(8) |
|
|
|
|
|
|
1,265 |
|
|
|
1,275,689 |
|
Chesapeake Energy Corp. |
|
|
|
|
|
|
|
|
|
8.00%, 12/15/22(8) |
|
|
|
|
|
|
98 |
|
|
|
102,900 |
|
7.00%, 10/1/24 |
|
|
|
|
|
|
1,269 |
|
|
|
1,270,586 |
|
CrownRock, L.P./CrownRock Finance, Inc. |
|
|
|
|
|
|
|
|
|
5.625%, 10/15/25(8) |
|
|
|
|
|
|
4,165 |
|
|
|
4,086,906 |
|
CVR Refining, LLC/Coffeyville Finance, Inc. |
|
|
|
|
|
|
|
|
|
6.50%, 11/1/22 |
|
|
|
|
|
|
5,412 |
|
|
|
5,520,240 |
|
Denbury Resources, Inc. |
|
|
|
|
|
|
|
|
|
9.00%, 5/15/21(8) |
|
|
|
|
|
|
650 |
|
|
|
706,063 |
|
Diamondback Energy, Inc. |
|
|
|
|
|
|
|
|
|
4.75%, 11/1/24 |
|
|
|
|
|
|
490 |
|
|
|
491,838 |
|
5.375%, 5/31/25 |
|
|
|
|
|
|
1,235 |
|
|
|
1,267,419 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Oil and Gas (continued) |
|
Endeavor Energy Resources, L.P./ EER Finance, Inc. |
|
|
|
|
|
|
|
|
|
5.50%, 1/30/26(8) |
|
|
|
|
|
|
1,045 |
|
|
$
|
1,050,225 |
|
5.75%, 1/30/28(8) |
|
|
|
|
|
|
1,390 |
|
|
|
1,395,213 |
|
Energy Transfer Equity, L.P. |
|
|
|
|
|
|
|
|
|
7.50%, 10/15/20 |
|
|
|
|
|
|
1,950 |
|
|
|
2,092,838 |
|
5.875%, 1/15/24 |
|
|
|
|
|
|
875 |
|
|
|
923,125 |
|
Energy Transfer Partners, L.P. |
|
|
|
|
|
|
|
|
|
Series A, 6.25% to 2/15/23(10)(11) |
|
|
|
|
|
|
1,345 |
|
|
|
1,297,084 |
|
Eni SpA |
|
|
|
|
|
|
|
|
|
4.75%, 9/12/28(8) |
|
|
|
|
|
|
1,000 |
|
|
|
988,936 |
|
EP Energy, LLC/Everest Acquisition Finance, Inc. |
|
|
|
|
|
|
|
|
|
8.00%, 11/29/24(8) |
|
|
|
|
|
|
875 |
|
|
|
885,938 |
|
8.00%, 2/15/25(8) |
|
|
|
|
|
|
1,350 |
|
|
|
1,039,500 |
|
7.75%, 5/15/26(8) |
|
|
|
|
|
|
630 |
|
|
|
647,325 |
|
Extraction Oil & Gas, Inc. |
|
|
|
|
|
|
|
|
|
7.375%, 5/15/24(8) |
|
|
|
|
|
|
535 |
|
|
|
530,988 |
|
5.625%, 2/1/26(8) |
|
|
|
|
|
|
2,455 |
|
|
|
2,184,950 |
|
Great Western Petroleum, LLC/Great Western Finance Corp. |
|
|
|
|
|
|
|
|
|
9.00%, 9/30/21(8) |
|
|
|
|
|
|
2,485 |
|
|
|
2,460,150 |
|
Gulfport Energy Corp. |
|
|
|
|
|
|
|
|
|
6.625%, 5/1/23 |
|
|
|
|
|
|
2,085 |
|
|
|
2,131,912 |
|
6.00%, 10/15/24 |
|
|
|
|
|
|
1,175 |
|
|
|
1,151,500 |
|
Holly Energy Partners, L.P./Holly Energy Finance Corp. |
|
|
|
|
|
|
|
|
|
6.00%, 8/1/24(8) |
|
|
|
|
|
|
525 |
|
|
|
539,438 |
|
Jagged Peak Energy, LLC |
|
|
|
|
|
|
|
|
|
5.875%, 5/1/26(8) |
|
|
|
|
|
|
288 |
|
|
|
287,280 |
|
Matador Resources Co. |
|
|
|
|
|
|
|
|
|
5.875%, 9/15/26(8) |
|
|
|
|
|
|
2,220 |
|
|
|
2,253,300 |
|
Moss Creek Resources Holdings, Inc. |
|
|
|
|
|
|
|
|
|
7.50%, 1/15/26(8) |
|
|
|
|
|
|
1,915 |
|
|
|
1,922,181 |
|
Nabors Industries, Inc. |
|
|
|
|
|
|
|
|
|
4.625%, 9/15/21 |
|
|
|
|
|
|
255 |
|
|
|
252,402 |
|
5.50%, 1/15/23 |
|
|
|
|
|
|
1,840 |
|
|
|
1,816,354 |
|
5.75%, 2/1/25 |
|
|
|
|
|
|
1,645 |
|
|
|
1,580,646 |
|
Neptune Energy Bondco PLC |
|
|
|
|
|
|
|
|
|
6.625%, 5/15/25(8) |
|
|
|
|
|
|
1,290 |
|
|
|
1,286,775 |
|
6.625%, 5/15/25(9) |
|
|
|
|
|
|
450 |
|
|
|
448,875 |
|
Oasis Petroleum, Inc. |
|
|
|
|
|
|
|
|
|
6.875%, 3/15/22 |
|
|
|
|
|
|
1,997 |
|
|
|
2,034,404 |
|
6.875%, 1/15/23 |
|
|
|
|
|
|
910 |
|
|
|
927,063 |
|
Oceaneering International, Inc. |
|
|
|
|
|
|
|
|
|
4.65%, 11/15/24 |
|
|
|
|
|
|
1,250 |
|
|
|
1,198,214 |
|
|
|
|
|
|
|
|
32 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Oil and Gas (continued) |
|
Parsley Energy, LLC/Parsley Finance Corp. |
|
|
|
|
|
|
|
|
|
6.25%, 6/1/24(8) |
|
|
|
|
|
|
345 |
|
|
$
|
360,525 |
|
5.375%, 1/15/25(8) |
|
|
|
|
|
|
1,240 |
|
|
|
1,249,300 |
|
5.25%, 8/15/25 (8) |
|
|
|
|
|
|
1,170 |
|
|
|
1,170,000 |
|
5.625%, 10/15/27(8) |
|
|
|
|
|
|
923 |
|
|
|
927,615 |
|
PBF Holding Co., LLC/PBF Finance Corp. |
|
|
|
|
|
|
|
|
|
7.00%, 11/15/23 |
|
|
|
|
|
|
730 |
|
|
|
762,850 |
|
7.25%, 6/15/25 |
|
|
|
|
|
|
3,219 |
|
|
|
3,387,997 |
|
PBF Logistics, L.P./PBF Logistics Finance Corp. |
|
|
|
|
|
|
|
|
|
6.875%, 5/15/23 |
|
|
|
|
|
|
1,800 |
|
|
|
1,847,250 |
|
Precision Drilling Corp. |
|
|
|
|
|
|
|
|
|
6.50%, 12/15/21 |
|
|
|
|
|
|
122 |
|
|
|
124,675 |
|
7.75%, 12/15/23 |
|
|
|
|
|
|
90 |
|
|
|
95,625 |
|
7.125%, 1/15/26(8) |
|
|
|
|
|
|
500 |
|
|
|
515,000 |
|
QEP Resources, Inc. |
|
|
|
|
|
|
|
|
|
5.625%, 3/1/26 |
|
|
|
|
|
|
1,409 |
|
|
|
1,352,640 |
|
Resolute Energy Corp. |
|
|
|
|
|
|
|
|
|
8.50%, 5/1/20 |
|
|
|
|
|
|
560 |
|
|
|
561,400 |
|
Rowan Cos., Inc. |
|
|
|
|
|
|
|
|
|
4.875%, 6/1/22 |
|
|
|
|
|
|
1,810 |
|
|
|
1,746,650 |
|
Sabine Pass Liquefaction, LLC |
|
|
|
|
|
|
|
|
|
5.625%, 2/1/21 |
|
|
|
|
|
|
935 |
|
|
|
972,965 |
|
SESI, LLC |
|
|
|
|
|
|
|
|
|
7.75%, 9/15/24 |
|
|
|
|
|
|
220 |
|
|
|
225,225 |
|
Seven Generations Energy, Ltd. |
|
|
|
|
|
|
|
|
|
6.875%, 6/30/23(8) |
|
|
|
|
|
|
1,250 |
|
|
|
1,300,000 |
|
5.375%, 9/30/25(8) |
|
|
|
|
|
|
1,710 |
|
|
|
1,669,388 |
|
Shelf Drilling Holdings, Ltd. |
|
|
|
|
|
|
|
|
|
8.25%, 2/15/25(8) |
|
|
|
|
|
|
2,715 |
|
|
|
2,806,631 |
|
SM Energy Co. |
|
|
|
|
|
|
|
|
|
6.125%, 11/15/22 |
|
|
|
|
|
|
561 |
|
|
|
580,635 |
|
6.75%, 9/15/26 |
|
|
|
|
|
|
1,010 |
|
|
|
1,054,188 |
|
6.625%, 1/15/27 |
|
|
|
|
|
|
930 |
|
|
|
962,550 |
|
Tallgrass Energy Partners, L.P./Tallgrass Energy Finance Corp. |
|
|
|
|
|
|
|
|
|
5.50%, 1/15/28(8) |
|
|
|
|
|
|
3,305 |
|
|
|
3,342,181 |
|
Targa Resources Partners, L.P./Targa Resources Partners Finance Corp. |
|
|
|
|
|
|
|
|
|
5.875%, 4/15/26(8) |
|
|
|
|
|
|
985 |
|
|
|
1,020,706 |
|
Tervita Escrow Corp. |
|
|
|
|
|
|
|
|
|
7.625%, 12/1/21(8) |
|
|
|
|
|
|
2,775 |
|
|
|
2,875,594 |
|
Transocean Guardian, Ltd. |
|
|
|
|
|
|
|
|
|
5.875%, 1/15/24(8) |
|
|
|
|
|
|
1,060 |
|
|
|
1,073,250 |
|
Transocean Pontus, Ltd. |
|
|
|
|
|
|
|
|
|
6.125%, 8/1/25(8) |
|
|
|
|
|
|
725 |
|
|
|
738,587 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Oil and Gas (continued) |
|
Transocean, Inc. |
|
|
|
|
|
|
|
|
|
7.50%, 1/15/26(8) |
|
|
|
|
|
|
650 |
|
|
$
|
672,750 |
|
Trinidad Drilling, Ltd. |
|
|
|
|
|
|
|
|
|
6.625%, 2/15/25(8) |
|
|
|
|
|
|
1,675 |
|
|
|
1,666,625 |
|
Weatherford International, Ltd. |
|
|
|
|
|
|
|
|
|
8.25%, 6/15/23 |
|
|
|
|
|
|
360 |
|
|
|
342,000 |
|
9.875%, 2/15/24 |
|
|
|
|
|
|
835 |
|
|
|
820,388 |
|
Whiting Petroleum Corp. |
|
|
|
|
|
|
|
|
|
5.75%, 3/15/21 |
|
|
|
|
|
|
650 |
|
|
|
667,875 |
|
6.625%, 1/15/26 |
|
|
|
|
|
|
2,070 |
|
|
|
2,160,562 |
|
WildHorse Resource Development Corp. |
|
|
|
|
|
|
|
|
|
6.875%, 2/1/25 |
|
|
|
|
|
|
3,128 |
|
|
|
3,245,300 |
|
Williams Cos., Inc. (The) |
|
|
|
|
|
|
|
|
|
3.70%, 1/15/23 |
|
|
|
|
|
|
1,605 |
|
|
|
1,588,943 |
|
4.55%, 6/24/24 |
|
|
|
|
|
|
1,240 |
|
|
|
1,260,972 |
|
5.75%, 6/24/44 |
|
|
|
|
|
|
790 |
|
|
|
847,174 |
|
Woodside Finance, Ltd. |
|
|
|
|
|
|
|
|
|
3.70%,
9/15/26(8) |
|
|
|
|
|
|
1,000 |
|
|
|
951,993 |
|
|
|
|
|
|
|
|
|
|
|
$ |
114,128,368 |
|
|
Packaging & Containers 0.2% |
|
ARD Finance S.A. |
|
|
|
|
|
|
|
|
|
7.125%, (7.125% cash or 7.875% PIK),
9/15/23(15) |
|
|
|
|
|
|
2,025 |
|
|
$ |
2,055,375 |
|
ARD Securities Finance S.a.r.l. |
|
|
|
|
|
|
|
|
|
8.75%, (8.75% cash or 8.75% PIK),
1/31/23(8)(15) |
|
|
|
|
|
|
1,388 |
|
|
|
1,374,538 |
|
Guala Closures SpA |
|
|
|
|
|
|
|
|
|
3.50%, (3 mo. EURIBOR + 3.50%), 4/15/24(9)(12)(13) |
|
|
EUR |
|
|
|
200 |
|
|
|
233,830 |
|
|
|
|
|
|
|
|
|
|
|
$ |
3,663,743 |
|
|
Pharmaceuticals 0.4% |
|
AbbVie, Inc. |
|
|
|
|
|
|
|
|
|
4.45%, 5/14/46 |
|
|
|
|
|
|
380 |
|
|
$ |
352,935 |
|
CVS Health Corp. |
|
|
|
|
|
|
|
|
|
4.78%, 3/25/38 |
|
|
|
|
|
|
2,245 |
|
|
|
2,234,522 |
|
Teva Pharmaceutical Finance Netherlands III B.V. |
|
|
|
|
|
|
|
|
|
6.00%, 4/15/24 |
|
|
|
|
|
|
2,500 |
|
|
|
2,540,967 |
|
3.15%, 10/1/26 |
|
|
|
|
|
|
320 |
|
|
|
266,745 |
|
6.75%, 3/1/28 |
|
|
|
|
|
|
1,083 |
|
|
|
1,143,720 |
|
Vizient, Inc. |
|
|
|
|
|
|
|
|
|
10.375%,
3/1/24(8) |
|
|
|
|
|
|
1,005 |
|
|
|
1,104,244 |
|
|
|
|
|
|
|
|
|
|
|
$ |
7,643,133 |
|
|
|
|
|
|
|
|
33 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Pipelines 0.3% |
|
Antero Midstream Partners, L.P./Antero Midstream Finance Corp. |
|
|
|
|
|
|
|
|
|
5.375%, 9/15/24 |
|
|
|
|
|
|
620 |
|
|
$ |
626,975 |
|
Georgian Oil and Gas Corp. JSC |
|
|
|
|
|
|
|
|
|
6.75%, 4/26/21(9) |
|
|
|
|
|
|
615 |
|
|
|
633,601 |
|
NGPL PipeCo, LLC |
|
|
|
|
|
|
|
|
|
4.375%, 8/15/22(8) |
|
|
|
|
|
|
340 |
|
|
|
344,250 |
|
Plains All American Pipeline, L.P. |
|
|
|
|
|
|
|
|
|
Series B, 6.125% to 11/15/22 (10)(11) |
|
|
|
|
|
|
1,850 |
|
|
|
1,806,063 |
|
Western Gas Partners, L.P. |
|
|
|
|
|
|
|
|
|
4.65%, 7/1/26 |
|
|
|
|
|
|
1,025 |
|
|
|
1,005,855 |
|
|
|
|
|
|
|
|
|
|
|
$ |
4,416,744 |
|
|
Publishing 0.3% |
|
Laureate Education, Inc. |
|
|
|
|
|
|
|
|
|
8.25%, 5/1/25(8) |
|
|
|
|
|
|
4,048 |
|
|
$ |
4,344,840 |
|
Tribune Media Co. |
|
|
|
|
|
|
|
|
|
5.875%, 7/15/22 |
|
|
|
|
|
|
1,390 |
|
|
|
1,426,487 |
|
|
|
|
|
|
|
|
|
|
|
$ |
5,771,327 |
|
|
Radio and Television 0.6% |
|
CBS Radio, Inc. |
|
|
|
|
|
|
|
|
|
7.25%, 11/1/24(8) |
|
|
|
|
|
|
665 |
|
|
$ |
642,377 |
|
Clear Channel Worldwide Holdings, Inc. |
|
|
|
|
|
|
|
|
|
Series A, 7.625%, 3/15/20 |
|
|
|
|
|
|
470 |
|
|
|
473,525 |
|
Series A, 6.50%, 11/15/22 |
|
|
|
|
|
|
1,100 |
|
|
|
1,126,125 |
|
Series B, 6.50%, 11/15/22 |
|
|
|
|
|
|
2,130 |
|
|
|
2,184,038 |
|
iHeartCommunications, Inc. |
|
|
|
|
|
|
|
|
|
9.00%, 12/15/19(6) |
|
|
|
|
|
|
226 |
|
|
|
171,195 |
|
Nielsen Co. Luxembourg S.a.r.l. (The) |
|
|
|
|
|
|
|
|
|
5.50%, 10/1/21(8) |
|
|
|
|
|
|
1,250 |
|
|
|
1,260,312 |
|
Salem Media Group, Inc. |
|
|
|
|
|
|
|
|
|
6.75%, 6/1/24(8) |
|
|
|
|
|
|
150 |
|
|
|
134,250 |
|
Sirius XM Radio, Inc. |
|
|
|
|
|
|
|
|
|
6.00%, 7/15/24(8) |
|
|
|
|
|
|
2,830 |
|
|
|
2,943,766 |
|
5.00%,
8/1/27(8) |
|
|
|
|
|
|
1,609 |
|
|
|
1,556,241 |
|
|
|
|
|
|
|
|
|
|
|
$ |
10,491,829 |
|
|
Real Estate Investment Trusts (REITs) 0.4% |
|
CBL & Associates, L.P. |
|
|
|
|
|
|
|
|
|
5.25%, 12/1/23 |
|
|
|
|
|
|
1,465 |
|
|
$ |
1,252,136 |
|
DDR Corp. |
|
|
|
|
|
|
|
|
|
3.625%, 2/1/25 |
|
|
|
|
|
|
781 |
|
|
|
740,724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Real Estate Investment Trusts (REITs) (continued) |
|
EPR Properties |
|
|
|
|
|
|
|
|
|
4.50%, 6/1/27 |
|
|
|
|
|
|
1,100 |
|
|
$
|
1,052,631 |
|
Mattamy Group Corp. |
|
|
|
|
|
|
|
|
|
6.875%, 12/15/23(8) |
|
|
|
|
|
|
1,926 |
|
|
|
1,947,668 |
|
6.50%, 10/1/25(8) |
|
|
|
|
|
|
854 |
|
|
|
832,650 |
|
VEREIT Operating Partnership, L.P. |
|
|
|
|
|
|
|
|
|
3.95%, 8/15/27 |
|
|
|
|
|
|
1,060 |
|
|
|
998,259 |
|
|
|
|
|
|
|
|
|
|
|
$ |
6,824,068 |
|
|
Retailers (Except Food and Drug) 1.0% |
|
Best Buy Co., Inc. |
|
|
|
|
|
|
|
|
|
4.45%, 10/1/28 |
|
|
|
|
|
|
1,000 |
|
|
$ |
997,096 |
|
Dollar Tree, Inc. |
|
|
|
|
|
|
|
|
|
4.00%, 5/15/25 |
|
|
|
|
|
|
1,200 |
|
|
|
1,178,101 |
|
Macys Retail Holdings, Inc. |
|
|
|
|
|
|
|
|
|
6.70%, 7/15/34 |
|
|
|
|
|
|
785 |
|
|
|
806,072 |
|
4.30%, 2/15/43 |
|
|
|
|
|
|
1,252 |
|
|
|
938,969 |
|
Murphy Oil USA, Inc. |
|
|
|
|
|
|
|
|
|
6.00%, 8/15/23 |
|
|
|
|
|
|
4,165 |
|
|
|
4,300,362 |
|
5.625%, 5/1/27 |
|
|
|
|
|
|
560 |
|
|
|
557,900 |
|
Nordstrom, Inc. |
|
|
|
|
|
|
|
|
|
5.00%, 1/15/44 |
|
|
|
|
|
|
500 |
|
|
|
462,000 |
|
Party City Holdings, Inc. |
|
|
|
|
|
|
|
|
|
6.125%, 8/15/23(8) |
|
|
|
|
|
|
3,565 |
|
|
|
3,627,388 |
|
6.625%, 8/1/26(8) |
|
|
|
|
|
|
635 |
|
|
|
644,525 |
|
Signet UK Finance PLC |
|
|
|
|
|
|
|
|
|
4.70%, 6/15/24 |
|
|
|
|
|
|
904 |
|
|
|
857,336 |
|
Tapestry, Inc. |
|
|
|
|
|
|
|
|
|
4.125%, 7/15/27 |
|
|
|
|
|
|
1,000 |
|
|
|
951,627 |
|
Walmart, Inc. |
|
|
|
|
|
|
|
|
|
3.55%, 6/26/25 |
|
|
|
|
|
|
1,000 |
|
|
|
1,005,409 |
|
|
|
|
|
|
|
|
|
|
|
$ |
16,326,785 |
|
|
Road & Rail 0.1% |
|
Watco Cos., LLC/Watco Finance Corp. |
|
|
|
|
|
|
|
|
|
6.375%,
4/1/23(8) |
|
|
|
|
|
|
1,990 |
|
|
$ |
2,037,263 |
|
|
|
|
|
|
|
|
|
|
|
$ |
2,037,263 |
|
|
Software and Services 0.6% |
|
Camelot Finance S.A. |
|
|
|
|
|
|
|
|
|
7.875%, 10/15/24(8) |
|
|
|
|
|
|
2,253 |
|
|
$ |
2,251,378 |
|
Gartner, Inc. |
|
|
|
|
|
|
|
|
|
5.125%, 4/1/25(8) |
|
|
|
|
|
|
795 |
|
|
|
801,257 |
|
|
|
|
|
|
|
|
34 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Software and Services (continued) |
|
IHS Markit, Ltd. |
|
|
|
|
|
|
|
|
|
5.00%, 11/1/22(8) |
|
|
|
|
|
|
2,240 |
|
|
$
|
2,317,504 |
|
Infor Software Parent, LLC/Infor Software Parent, Inc. |
|
|
|
|
|
|
|
|
|
7.125%, (7.125% cash or 7.875% PIK),
5/1/21(8)(15) |
|
|
|
|
|
|
2,090 |
|
|
|
2,122,917 |
|
j2 Cloud Services, LLC/j2 Global Co-Obligor, Inc. |
|
|
|
|
|
|
|
|
|
6.00%, 7/15/25(8) |
|
|
|
|
|
|
1,915 |
|
|
|
1,972,450 |
|
Microsoft Corp. |
|
|
|
|
|
|
|
|
|
3.30%, 2/6/27 |
|
|
|
|
|
|
890 |
|
|
|
874,737 |
|
|
|
|
|
|
|
|
|
|
|
$ |
10,340,243 |
|
|
Steel 0.3% |
|
Allegheny Ludlum, LLC |
|
|
|
|
|
|
|
|
|
6.95%, 12/15/25 |
|
|
|
|
|
|
225 |
|
|
$ |
231,188 |
|
Allegheny Technologies, Inc. |
|
|
|
|
|
|
|
|
|
5.95%, 1/15/21 |
|
|
|
|
|
|
455 |
|
|
|
464,669 |
|
7.875%, 8/15/23 |
|
|
|
|
|
|
3,195 |
|
|
|
3,430,631 |
|
Big River Steel, LLC/BRS Finance Corp. |
|
|
|
|
|
|
|
|
|
7.25%,
9/1/25(8) |
|
|
|
|
|
|
635 |
|
|
|
674,687 |
|
|
|
|
|
|
|
|
|
|
|
$ |
4,801,175 |
|
|
Super Retail 0.0%(14) |
|
Dufry Finance SCA |
|
|
|
|
|
|
|
|
|
4.50%,
8/1/23(9) |
|
|
EUR |
|
|
|
500 |
|
|
$ |
602,635 |
|
|
|
|
|
|
|
|
|
|
|
$ |
602,635 |
|
|
Surface Transport 0.8% |
|
Anglian Water Osprey Financing PLC |
|
|
|
|
|
|
|
|
|
4.00%, 3/8/26(9) |
|
|
GBP |
|
|
|
225 |
|
|
$ |
272,882 |
|
CMA CGM S.A. |
|
|
|
|
|
|
|
|
|
7.75%, 1/15/21(9) |
|
|
EUR |
|
|
|
200 |
|
|
|
236,750 |
|
5.25%, 1/15/25(9) |
|
|
EUR |
|
|
|
185 |
|
|
|
190,784 |
|
DAE Funding, LLC |
|
|
|
|
|
|
|
|
|
4.50%, 8/1/22(8) |
|
|
|
|
|
|
1,050 |
|
|
|
1,026,375 |
|
5.00%, 8/1/24(8) |
|
|
|
|
|
|
1,745 |
|
|
|
1,712,281 |
|
Debt and Asset Trading Corp. |
|
|
|
|
|
|
|
|
|
1.00%, 10/10/25(9) |
|
|
|
|
|
|
2,600 |
|
|
|
1,787,500 |
|
Flexi-Van Leasing, Inc. |
|
|
|
|
|
|
|
|
|
10.00%, 2/15/23(8) |
|
|
|
|
|
|
1,785 |
|
|
|
1,561,875 |
|
Moto Finance PLC |
|
|
|
|
|
|
|
|
|
4.50%, 10/1/22(9) |
|
|
GBP |
|
|
|
250 |
|
|
|
323,136 |
|
Park Aerospace Holdings, Ltd. |
|
|
|
|
|
|
|
|
|
5.25%, 8/15/22(8) |
|
|
|
|
|
|
2,990 |
|
|
|
3,031,112 |
|
5.50%, 2/15/24 (8) |
|
|
|
|
|
|
1,333 |
|
|
|
1,367,991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Surface Transport (continued) |
|
XPO Logistics, Inc. |
|
|
|
|
|
|
|
|
|
6.50%, 6/15/22(8) |
|
|
|
|
|
|
2,276 |
|
|
$
|
2,358,505 |
|
6.125%,
9/1/23(8) |
|
|
|
|
|
|
705 |
|
|
|
733,200 |
|
|
|
|
|
|
|
|
|
|
|
$ |
14,602,391 |
|
|
Technology 0.5% |
|
Dell International, LLC/EMC Corp. |
|
|
|
|
|
|
|
|
|
5.875%, 6/15/21(8) |
|
|
|
|
|
|
100 |
|
|
$ |
103,250 |
|
7.125%, 6/15/24(8) |
|
|
|
|
|
|
2,440 |
|
|
|
2,621,254 |
|
6.02%, 6/15/26(8) |
|
|
|
|
|
|
1,945 |
|
|
|
2,074,437 |
|
International Game Technology PLC |
|
|
|
|
|
|
|
|
|
6.50%, 2/15/25(8) |
|
|
|
|
|
|
720 |
|
|
|
750,600 |
|
Israel Electric Corp., Ltd. |
|
|
|
|
|
|
|
|
|
5.00%, 11/12/24(8)(9) |
|
|
|
|
|
|
1,800 |
|
|
|
1,831,500 |
|
Safari Holding Verwaltungs GmbH |
|
|
|
|
|
|
|
|
|
5.375%, 11/30/22(9) |
|
|
EUR |
|
|
|
250 |
|
|
|
296,699 |
|
Western Union Co. (The) |
|
|
|
|
|
|
|
|
|
6.20%, 11/17/36 |
|
|
|
|
|
|
637 |
|
|
|
649,089 |
|
|
|
|
|
|
|
|
|
|
|
$ |
8,326,829 |
|
|
Telecommunications 3.9% |
|
Altice Financing S.A. |
|
|
|
|
|
|
|
|
|
6.625%, 2/15/23(8) |
|
|
|
|
|
|
865 |
|
|
$ |
873,650 |
|
Altice Luxembourg S.A. |
|
|
|
|
|
|
|
|
|
7.25%, 5/15/22(9) |
|
|
EUR |
|
|
|
204 |
|
|
|
236,677 |
|
7.75%, 5/15/22(8) |
|
|
|
|
|
|
1,379 |
|
|
|
1,347,283 |
|
Arqiva Broadcast Finance PLC |
|
|
|
|
|
|
|
|
|
6.75%, 9/30/23(9)(13) |
|
|
GBP |
|
|
|
125 |
|
|
|
167,149 |
|
AT&T, Inc. |
|
|
|
|
|
|
|
|
|
4.75%, 5/15/46 |
|
|
|
|
|
|
380 |
|
|
|
347,921 |
|
CenturyLink, Inc. |
|
|
|
|
|
|
|
|
|
6.75%, 12/1/23 |
|
|
|
|
|
|
2,276 |
|
|
|
2,369,885 |
|
7.50%, 4/1/24 |
|
|
|
|
|
|
420 |
|
|
|
449,925 |
|
CommScope Technologies, LLC |
|
|
|
|
|
|
|
|
|
6.00%, 6/15/25(8) |
|
|
|
|
|
|
2,546 |
|
|
|
2,640,202 |
|
5.00%, 3/15/27(8) |
|
|
|
|
|
|
2,515 |
|
|
|
2,426,975 |
|
Digicel, Ltd. |
|
|
|
|
|
|
|
|
|
6.00%, 4/15/21(8) |
|
|
|
|
|
|
2,305 |
|
|
|
2,146,531 |
|
DKT Finance ApS |
|
|
|
|
|
|
|
|
|
7.00%, 6/17/23(9) |
|
|
EUR |
|
|
|
295 |
|
|
|
366,703 |
|
9.375%, 6/17/23(8) |
|
|
|
|
|
|
1,720 |
|
|
|
1,816,750 |
|
Equinix, Inc. |
|
|
|
|
|
|
|
|
|
5.875%, 1/15/26 |
|
|
|
|
|
|
2,725 |
|
|
|
2,810,156 |
|
2.875%, 2/1/26 |
|
|
EUR |
|
|
|
440 |
|
|
|
504,642 |
|
5.375%, 5/15/27 |
|
|
|
|
|
|
1,010 |
|
|
|
1,014,202 |
|
|
|
|
|
|
|
|
35 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Telecommunications (continued) |
|
Frontier Communications Corp. |
|
|
|
|
|
|
|
|
|
10.50%, 9/15/22 |
|
|
|
|
|
|
815 |
|
|
$
|
726,874 |
|
7.625%, 4/15/24 |
|
|
|
|
|
|
285 |
|
|
|
185,250 |
|
6.875%, 1/15/25 |
|
|
|
|
|
|
1,845 |
|
|
|
1,130,671 |
|
Hughes Satellite Systems Corp. |
|
|
|
|
|
|
|
|
|
6.50%, 6/15/19 |
|
|
|
|
|
|
2,912 |
|
|
|
2,976,064 |
|
5.25%, 8/1/26 |
|
|
|
|
|
|
1,245 |
|
|
|
1,221,283 |
|
6.625%, 8/1/26 |
|
|
|
|
|
|
770 |
|
|
|
746,900 |
|
Intelsat Jackson Holdings S.A. |
|
|
|
|
|
|
|
|
|
7.50%, 4/1/21 |
|
|
|
|
|
|
173 |
|
|
|
176,028 |
|
5.50%, 8/1/23 |
|
|
|
|
|
|
995 |
|
|
|
919,877 |
|
8.00%, 2/15/24(8) |
|
|
|
|
|
|
490 |
|
|
|
516,808 |
|
Level 3 Financing, Inc. |
|
|
|
|
|
|
|
|
|
5.375%, 1/15/24 |
|
|
|
|
|
|
2,190 |
|
|
|
2,199,286 |
|
Level 3 Parent, LLC |
|
|
|
|
|
|
|
|
|
5.75%, 12/1/22 |
|
|
|
|
|
|
330 |
|
|
|
334,603 |
|
Matterhorn Telecom SA |
|
|
|
|
|
|
|
|
|
3.875%, 5/1/22(9) |
|
|
EUR |
|
|
|
250 |
|
|
|
296,376 |
|
Nokia Oyj |
|
|
|
|
|
|
|
|
|
4.375%, 6/12/27 |
|
|
|
|
|
|
1,025 |
|
|
|
989,125 |
|
Qualitytech, L.P./QTS Finance Corp. |
|
|
|
|
|
|
|
|
|
4.75%, 11/15/25(8) |
|
|
|
|
|
|
795 |
|
|
|
765,339 |
|
SBA Communications Corp. |
|
|
|
|
|
|
|
|
|
4.00%, 10/1/22 |
|
|
|
|
|
|
1,020 |
|
|
|
1,005,975 |
|
4.875%, 9/1/24 |
|
|
|
|
|
|
460 |
|
|
|
455,975 |
|
Sprint Capital Corp. |
|
|
|
|
|
|
|
|
|
6.875%, 11/15/28 |
|
|
|
|
|
|
990 |
|
|
|
997,118 |
|
Sprint Communications, Inc. |
|
|
|
|
|
|
|
|
|
9.00%, 11/15/18(8) |
|
|
|
|
|
|
5,014 |
|
|
|
5,051,354 |
|
7.00%, 8/15/20 |
|
|
|
|
|
|
2,968 |
|
|
|
3,115,153 |
|
6.00%, 11/15/22 |
|
|
|
|
|
|
365 |
|
|
|
373,212 |
|
Sprint Corp. |
|
|
|
|
|
|
|
|
|
7.25%, 9/15/21 |
|
|
|
|
|
|
3,265 |
|
|
|
3,456,819 |
|
7.875%, 9/15/23 |
|
|
|
|
|
|
7,909 |
|
|
|
8,540,613 |
|
7.625%, 2/15/25 |
|
|
|
|
|
|
1,785 |
|
|
|
1,897,455 |
|
7.625%, 3/1/26 |
|
|
|
|
|
|
993 |
|
|
|
1,053,325 |
|
T-Mobile USA, Inc. |
|
|
|
|
|
|
|
|
|
6.375%, 3/1/25 |
|
|
|
|
|
|
1,395 |
|
|
|
1,456,798 |
|
6.50%, 1/15/26 |
|
|
|
|
|
|
595 |
|
|
|
624,869 |
|
4.50%, 2/1/26 |
|
|
|
|
|
|
980 |
|
|
|
935,410 |
|
4.75%, 2/1/28 |
|
|
|
|
|
|
1,045 |
|
|
|
984,912 |
|
TalkTalk Telecom Group PLC |
|
|
|
|
|
|
|
|
|
5.375%, 1/15/22(9) |
|
|
GBP |
|
|
|
250 |
|
|
|
327,354 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Telecommunications (continued) |
|
Wind Tre SpA |
|
|
|
|
|
|
|
|
|
2.75%, (3 mo. EURIBOR + 2.75%), 1/20/24
(8)(12) |
|
|
EUR |
|
|
|
650 |
|
|
$
|
706,139 |
|
5.00%, 1/20/26(8) |
|
|
|
|
|
|
1,385 |
|
|
|
1,211,397 |
|
Zayo Group, LLC/Zayo Capital, Inc. |
|
|
|
|
|
|
|
|
|
6.375%, 5/15/25 |
|
|
|
|
|
|
1,700 |
|
|
|
1,772,709 |
|
|
|
|
|
|
|
|
|
|
|
$ |
66,669,722 |
|
|
Transportation 0.1% |
|
A.P. MollerMaersk A/S |
|
|
|
|
|
|
|
|
|
3.75%, 9/22/24(8) |
|
|
|
|
|
|
1,025 |
|
|
$ |
989,688 |
|
JSL Europe S.A. |
|
|
|
|
|
|
|
|
|
7.75%,
7/26/24(8) |
|
|
|
|
|
|
1,000 |
|
|
|
871,250 |
|
|
|
|
|
|
|
|
|
|
|
$ |
1,860,938 |
|
|
Utilities 1.5% |
|
AES Corp. (The) |
|
|
|
|
|
|
|
|
|
4.00%, 3/15/21 |
|
|
|
|
|
|
1,060 |
|
|
$ |
1,060,000 |
|
5.50%, 4/15/25 |
|
|
|
|
|
|
309 |
|
|
|
318,270 |
|
6.00%, 5/15/26 |
|
|
|
|
|
|
1,655 |
|
|
|
1,752,231 |
|
Calpine Corp. |
|
|
|
|
|
|
|
|
|
5.50%, 2/1/24 |
|
|
|
|
|
|
285 |
|
|
|
255,431 |
|
5.75%, 1/15/25 |
|
|
|
|
|
|
2,862 |
|
|
|
2,543,603 |
|
5.25%, 6/1/26(8) |
|
|
|
|
|
|
1,040 |
|
|
|
967,200 |
|
ITC Holdings Corp. |
|
|
|
|
|
|
|
|
|
5.30%, 7/1/43 |
|
|
|
|
|
|
660 |
|
|
|
724,861 |
|
Kansas City Power & Light Co. |
|
|
|
|
|
|
|
|
|
4.20%, 6/15/47 |
|
|
|
|
|
|
750 |
|
|
|
720,752 |
|
NextEra Energy Operating Partners, L.P. |
|
|
|
|
|
|
|
|
|
4.25%, 9/15/24(8) |
|
|
|
|
|
|
660 |
|
|
|
649,275 |
|
NRG Energy, Inc. |
|
|
|
|
|
|
|
|
|
7.25%, 5/15/26 |
|
|
|
|
|
|
3,000 |
|
|
|
3,279,510 |
|
5.75%, 1/15/28(8) |
|
|
|
|
|
|
1,455 |
|
|
|
1,473,188 |
|
Pattern Energy Group, Inc. |
|
|
|
|
|
|
|
|
|
5.875%, 2/1/24(8) |
|
|
|
|
|
|
970 |
|
|
|
984,550 |
|
Southern Co. (The) |
|
|
|
|
|
|
|
|
|
3.25%, 7/1/26 |
|
|
|
|
|
|
1,000 |
|
|
|
933,813 |
|
Southwestern Electric Power Co. |
|
|
|
|
|
|
|
|
|
6.20%, 3/15/40 |
|
|
|
|
|
|
696 |
|
|
|
830,879 |
|
TerraForm Power Operating, LLC |
|
|
|
|
|
|
|
|
|
4.25%, 1/31/23(8) |
|
|
|
|
|
|
655 |
|
|
|
641,900 |
|
6.625%, 6/15/25(8) |
|
|
|
|
|
|
580 |
|
|
|
616,975 |
|
5.00%, 1/31/28(8) |
|
|
|
|
|
|
985 |
|
|
|
919,744 |
|
Thames Water Kemble Finance PLC |
|
|
|
|
|
|
|
|
|
5.875%, 7/15/22(9) |
|
|
GBP |
|
|
|
450 |
|
|
|
619,382 |
|
|
|
|
|
|
|
|
36 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Utilities (continued) |
|
Vistra Energy Corp. |
|
|
|
|
|
|
|
|
|
7.375%, 11/1/22 |
|
|
|
|
|
|
1,130 |
|
|
$
|
1,176,816 |
|
7.625%, 11/1/24 |
|
|
|
|
|
|
1,733 |
|
|
|
1,873,806 |
|
8.125%,
1/30/26(8) |
|
|
|
|
|
|
2,315 |
|
|
|
2,555,181 |
|
|
|
|
|
|
|
|
|
|
|
$ |
24,897,367 |
|
|
|
Total Corporate Bonds & Notes (identified cost
$839,393,206) |
|
|
$ |
837,001,184 |
|
|
Foreign Corporate Bonds 0.1% |
|
Security |
|
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
Export-Import Bank of India, 3.375%, 8/5/26(9) |
|
|
|
|
|
$ |
1,700 |
|
|
$ |
1,556,156 |
|
|
|
Total Foreign Corporate Bonds (identified cost
$1,664,866) |
|
|
$ |
1,556,156 |
|
|
Foreign Government Securities 5.0% |
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Albania 0.2% |
|
Republic of Albania |
|
|
|
|
|
|
|
|
|
5.75%,
11/12/20(9) |
|
|
EUR |
|
|
|
2,000 |
|
|
$ |
2,536,431 |
|
Total Albania |
|
|
|
|
|
|
|
|
|
$ |
2,536,431 |
|
|
Angola 0.2% |
|
Republic of Angola |
|
|
|
|
|
|
|
|
|
8.25%, 5/9/28(9) |
|
|
|
|
|
|
1,321 |
|
|
$ |
1,369,309 |
|
9.375%,
5/8/48(9) |
|
|
|
|
|
|
1,314 |
|
|
|
1,393,142 |
|
Total Angola |
|
|
|
|
|
|
|
|
|
$ |
2,762,451 |
|
|
Argentina 0.2% |
|
Republic of Argentina |
|
|
|
|
|
|
|
|
|
3.875%, 1/15/22(9) |
|
|
EUR |
|
|
|
425 |
|
|
$ |
448,484 |
|
6.25%, 11/9/47 |
|
|
EUR |
|
|
|
1,422 |
|
|
|
1,268,193 |
|
6.875%, 1/11/48 |
|
|
|
|
|
|
1,318 |
|
|
|
1,021,450 |
|
7.50%, 4/22/26 |
|
|
|
|
|
|
515 |
|
|
|
459,637 |
|
Total Argentina |
|
|
|
|
|
|
|
|
|
$ |
3,197,764 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Armenia 0.1% |
|
Republic of Armenia |
|
|
|
|
|
|
|
|
|
6.00%, 9/30/20(9) |
|
|
|
|
|
|
700 |
|
|
$ |
714,560 |
|
7.15%,
3/26/25(9) |
|
|
|
|
|
|
1,675 |
|
|
|
1,773,867 |
|
Total Armenia |
|
|
|
|
|
|
|
|
|
$ |
2,488,427 |
|
|
Bahrain 0.3% |
|
CBB International Sukuk Co. 7 SPC |
|
|
|
|
|
|
|
|
|
6.875%, 10/5/25(9) |
|
|
|
|
|
|
418 |
|
|
$ |
435,151 |
|
Kingdom of Bahrain |
|
|
|
|
|
|
|
|
|
6.125%, 8/1/23(9) |
|
|
|
|
|
|
863 |
|
|
|
878,469 |
|
6.75%, 9/20/29(9) |
|
|
|
|
|
|
405 |
|
|
|
394,612 |
|
7.00%, 10/12/28(9) |
|
|
|
|
|
|
1,375 |
|
|
|
1,368,400 |
|
7.50%,
9/20/47(9) |
|
|
|
|
|
|
1,970 |
|
|
|
1,905,699 |
|
Total Bahrain |
|
|
|
|
|
|
|
|
|
$ |
4,982,331 |
|
|
Barbados 0.1% |
|
Government of Barbados |
|
|
|
|
|
|
|
|
|
6.625%, 12/5/35(6)(9) |
|
|
|
|
|
|
2,300 |
|
|
$ |
1,201,060 |
|
7.00%, 8/4/22(6)(9) |
|
|
|
|
|
|
712 |
|
|
|
378,570 |
|
7.25%,
12/15/21(6)(9) |
|
|
|
|
|
|
892 |
|
|
|
464,911 |
|
Total Barbados |
|
|
$ |
2,044,541 |
|
|
Colombia 0.1% |
|
Republic of Colombia |
|
|
|
|
|
|
|
|
|
2.625%, 3/15/23 |
|
|
|
|
|
|
2,250 |
|
|
$ |
2,143,969 |
|
Total Colombia |
|
|
|
|
|
|
|
|
|
$ |
2,143,969 |
|
|
Croatia 0.1% |
|
Croatia |
|
|
|
|
|
|
|
|
|
3.875%,
5/30/22(9) |
|
|
EUR |
|
|
|
1,601 |
|
|
$ |
2,076,062 |
|
Total Croatia |
|
|
|
|
|
|
|
|
|
$ |
2,076,062 |
|
|
Dominican Republic 0.2% |
|
Dominican Republic |
|
|
|
|
|
|
|
|
|
8.625%,
4/20/27(9) |
|
|
|
|
|
|
2,671 |
|
|
$ |
3,058,295 |
|
Total Dominican Republic |
|
|
|
|
|
|
|
|
|
$ |
3,058,295 |
|
|
Egypt 0.2% |
|
Arab Republic of Egypt |
|
|
|
|
|
|
|
|
|
6.125%,
1/31/22(9) |
|
|
|
|
|
|
2,650 |
|
|
$ |
2,657,261 |
|
Total Egypt |
|
|
|
|
|
|
|
|
|
$ |
2,657,261 |
|
|
|
|
|
|
|
|
37 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
El Salvador 0.2% |
|
Republic of El Salvador |
|
|
|
|
|
|
|
|
|
7.375%, 12/1/19(9) |
|
|
|
|
|
|
1,210 |
|
|
$ |
1,235,712 |
|
7.75%, 1/24/23(9) |
|
|
|
|
|
|
1,250 |
|
|
|
1,311,350 |
|
8.25%, 4/10/32(9) |
|
|
|
|
|
|
684 |
|
|
|
698,966 |
|
8.625%,
2/28/29(9) |
|
|
|
|
|
|
804 |
|
|
|
852,240 |
|
Total El Salvador |
|
|
|
|
|
|
|
|
|
$ |
4,098,268 |
|
|
Fiji 0.1% |
|
Republic of Fiji |
|
|
|
|
|
|
|
|
|
6.625%,
10/2/20(9) |
|
|
|
|
|
|
2,443 |
|
|
$ |
2,449,230 |
|
Total Fiji |
|
|
|
|
|
|
|
|
|
$ |
2,449,230 |
|
|
Georgia 0.1% |
|
Republic of Georgia |
|
|
|
|
|
|
|
|
|
6.875%,
4/12/21(9) |
|
|
|
|
|
|
939 |
|
|
$ |
990,861 |
|
Total Georgia |
|
|
$ |
990,861 |
|
|
Greece 0.0%(14) |
|
Hellenic Republic Government Bond |
|
|
|
|
|
|
|
|
|
3.50%,
1/30/23(9) |
|
|
EUR |
|
|
|
380 |
|
|
$ |
446,198 |
|
Total Greece |
|
|
|
|
|
|
|
|
|
$ |
446,198 |
|
|
Honduras 0.2% |
|
Republic of Honduras |
|
|
|
|
|
|
|
|
|
6.25%, 1/19/27(9) |
|
|
|
|
|
|
150 |
|
|
$ |
154,703 |
|
7.50%, 3/15/24(9) |
|
|
|
|
|
|
200 |
|
|
|
216,056 |
|
8.75%,
12/16/20(9) |
|
|
|
|
|
|
3,323 |
|
|
|
3,642,174 |
|
Total Honduras |
|
|
|
|
|
|
|
|
|
$ |
4,012,933 |
|
|
Hungary 0.1% |
|
Hungary Government Bond |
|
|
|
|
|
|
|
|
|
5.75%, 11/22/23 |
|
|
|
|
|
|
820 |
|
|
$ |
889,651 |
|
Total Hungary |
|
|
|
|
|
|
|
|
|
$ |
889,651 |
|
|
Indonesia 0.3% |
|
Republic of Indonesia |
|
|
|
|
|
|
|
|
|
3.70%,
1/8/22(9) |
|
|
|
|
|
|
4,230 |
|
|
$ |
4,207,407 |
|
Total Indonesia |
|
|
|
|
|
|
|
|
|
$ |
4,207,407 |
|
|
Ivory Coast 0.0%(14) |
|
Ivory Coast |
|
|
|
|
|
|
|
|
|
5.125%,
6/15/25(9) |
|
|
EUR |
|
|
|
435 |
|
|
$ |
510,191 |
|
Total Ivory Coast |
|
|
|
|
|
|
|
|
|
$ |
510,191 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Lebanon 0.1% |
|
Lebanese Republic |
|
|
|
|
|
|
|
|
|
5.15%,
11/12/18(9) |
|
|
|
|
|
|
2,200 |
|
|
$ |
2,191,508 |
|
Total Lebanon |
|
|
|
|
|
|
|
|
|
$ |
2,191,508 |
|
|
Macedonia 0.2% |
|
Republic of Macedonia |
|
|
|
|
|
|
|
|
|
2.75%, 1/18/25(9) |
|
|
EUR |
|
|
|
110 |
|
|
$ |
126,051 |
|
3.975%, 7/24/21(9) |
|
|
EUR |
|
|
|
1,346 |
|
|
|
1,662,369 |
|
4.875%,
12/1/20(9) |
|
|
EUR |
|
|
|
788 |
|
|
|
991,257 |
|
Total Macedonia |
|
|
|
|
|
|
|
|
|
$ |
2,779,677 |
|
|
Nigeria 0.0%(14) |
|
Republic of Nigeria |
|
|
|
|
|
|
|
|
|
6.75%,
1/28/21(9) |
|
|
|
|
|
|
550 |
|
|
$ |
572,247 |
|
Total Nigeria |
|
|
|
|
|
|
|
|
|
$ |
572,247 |
|
|
Poland 0.1% |
|
Republic of Poland |
|
|
|
|
|
|
|
|
|
4.00%, 1/22/24 |
|
|
|
|
|
|
890 |
|
|
$ |
908,724 |
|
Total Poland |
|
|
|
|
|
|
|
|
|
$ |
908,724 |
|
|
Romania 0.2% |
|
Romania Government Bond |
|
|
|
|
|
|
|
|
|
6.75%,
2/7/22(9) |
|
|
|
|
|
|
2,400 |
|
|
$ |
2,624,208 |
|
Total Romania |
|
|
|
|
|
|
|
|
|
$ |
2,624,208 |
|
|
Rwanda 0.2% |
|
Republic of Rwanda |
|
|
|
|
|
|
|
|
|
6.625%,
5/2/23(9) |
|
|
|
|
|
|
3,896 |
|
|
$ |
3,964,667 |
|
Total Rwanda |
|
|
|
|
|
|
|
|
|
$ |
3,964,667 |
|
|
Saudi Arabia 0.1% |
|
Saudi International Bond |
|
|
|
|
|
|
|
|
|
3.25%,
10/26/26(9) |
|
|
|
|
|
|
2,300 |
|
|
$ |
2,165,921 |
|
Total Saudi Arabia |
|
|
|
|
|
|
|
|
|
$ |
2,165,921 |
|
|
Senegal 0.0%(14) |
|
Republic of Senegal |
|
|
|
|
|
|
|
|
|
4.75%,
3/13/28(9) |
|
|
EUR |
|
|
|
315 |
|
|
$ |
354,953 |
|
Total Senegal |
|
|
|
|
|
|
|
|
|
$ |
354,953 |
|
|
|
|
|
|
|
|
38 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount* (000s omitted) |
|
|
Value |
|
|
Serbia 0.2% |
|
Republic of Serbia |
|
|
|
|
|
|
|
|
|
4.875%, 2/25/20(9) |
|
|
|
|
|
|
2,615 |
|
|
$ |
2,652,946 |
|
5.875%,
12/3/18(9) |
|
|
|
|
|
|
980 |
|
|
|
984,681 |
|
Total Serbia |
|
|
|
|
|
|
|
|
|
$ |
3,637,627 |
|
|
Seychelles 0.1% |
|
Republic of Seychelles |
|
|
|
|
|
|
|
|
|
8.00%,
1/1/26(9) |
|
|
|
|
|
|
1,680 |
|
|
$ |
1,720,915 |
|
Total Seychelles |
|
|
|
|
|
|
|
|
|
$ |
1,720,915 |
|
|
Sri Lanka 0.3% |
|
Republic of Sri Lanka |
|
|
|
|
|
|
|
|
|
6.125%, 6/3/25(9) |
|
|
|
|
|
|
4,230 |
|
|
$ |
4,040,200 |
|
6.85%,
11/3/25(9) |
|
|
|
|
|
|
1,000 |
|
|
|
989,620 |
|
Total Sri Lanka |
|
|
|
|
|
|
|
|
|
$ |
5,029,820 |
|
|
Tunisia 0.1% |
|
Banque Centrale de Tunisie International Bond |
|
|
|
|
|
|
|
|
|
5.625%,
2/17/24(9) |
|
|
EUR |
|
|
|
2,125 |
|
|
$ |
2,425,536 |
|
Total Tunisia |
|
|
|
|
|
|
|
|
|
$ |
2,425,536 |
|
|
Turkey 0.5% |
|
Republic of Turkey |
|
|
|
|
|
|
|
|
|
5.625%, 3/30/21 |
|
|
|
|
|
|
2,380 |
|
|
$ |
2,336,803 |
|
6.125%, 10/24/28 |
|
|
|
|
|
|
2,747 |
|
|
|
2,483,316 |
|
6.25%, 9/26/22 |
|
|
|
|
|
|
1,230 |
|
|
|
1,207,219 |
|
7.00%, 6/5/20 |
|
|
|
|
|
|
2,390 |
|
|
|
2,418,883 |
|
Total Turkey |
|
|
|
|
|
|
|
|
|
$ |
8,446,221 |
|
|
Ukraine 0.1% |
|
Ukraine Government International Bond |
|
|
|
|
|
|
|
|
|
7.75%,
9/1/20(9) |
|
|
|
|
|
|
900 |
|
|
$ |
907,875 |
|
Total Ukraine |
|
|
|
|
|
|
|
|
|
$ |
907,875 |
|
|
United Arab Emirates 0.1% |
|
Dubai DOF Sukuk, Ltd. |
|
|
|
|
|
|
|
|
|
3.875%,
1/30/23(9) |
|
|
|
|
|
|
2,000 |
|
|
$ |
2,007,420 |
|
Total United Arab Emirates |
|
|
|
|
|
|
|
|
|
$ |
2,007,420 |
|
|
|
Total Foreign Government Securities (identified cost
$87,860,483) |
|
|
$ |
85,289,590 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sovereign Loans 0.5% |
|
|
|
|
|
|
|
|
|
|
|
|
Borrower |
|
|
|
|
Principal Amount
(000s omitted) |
|
|
Value |
|
|
Barbados 0.1% |
|
Government of Barbados |
|
|
|
|
|
|
|
|
|
Term Loan, 0.00%, Maturing December 20, 2019(6)(12)(16) |
|
|
|
|
|
$ |
1,200 |
|
|
$ |
400,560 |
|
Total Barbados |
|
|
|
|
|
|
|
|
|
$ |
400,560 |
|
|
Kenya 0.0%(14) |
|
Government of Kenya |
|
|
|
|
|
|
|
|
|
Term Loan, 7.50%, (6 mo. USD LIBOR + 5.00%), Maturing April 18, 2019(12) |
|
|
|
|
|
$ |
200 |
|
|
$ |
200,500 |
|
Total Kenya |
|
|
|
|
|
|
|
|
|
$ |
200,500 |
|
|
Nigeria 0.1% |
|
Bank of Industry Limited |
|
|
|
|
|
|
|
|
|
Term Loan, 8.32%, (3 mo. USD LIBOR + 6.00%), Maturing May 21, 2021(12)(16) |
|
|
|
|
|
$ |
1,900 |
|
|
$ |
1,922,124 |
|
Total Nigeria |
|
|
|
|
|
|
|
|
|
$ |
1,922,124 |
|
|
Tanzania 0.3% |
|
Government of the United Republic of Tanzania |
|
|
|
|
|
|
|
|
|
Term Loan, 7.70%, (6 mo. USD LIBOR + 5.20%), Maturing June 23,
2022(12) |
|
|
|
|
|
$ |
3,575 |
|
|
$ |
3,632,775 |
|
Term Loan, 7.53%, (3 mo. USD LIBOR + 5.20%), Maturing May 23, 2023(12) |
|
|
|
|
|
|
1,700 |
|
|
|
1,723,484 |
|
Total Tanzania |
|
|
|
|
|
|
|
|
|
$ |
5,356,259 |
|
|
|
Total Sovereign Loans (identified cost
$8,544,355) |
|
|
$ |
7,879,443 |
|
|
Mortgage Pass-Throughs 9.9% |
|
Security |
|
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
Federal Home Loan Mortgage Corp.: |
|
|
|
|
|
|
|
|
|
5.00%, with various maturities to 2019 |
|
|
|
|
|
$ |
90 |
|
|
$ |
90,032 |
|
5.50%, with maturity at 2032 |
|
|
|
|
|
|
673 |
|
|
|
724,000 |
|
6.00%, with maturity at 2021 |
|
|
|
|
|
|
13 |
|
|
|
12,825 |
|
6.50%, with various maturities to 2036 |
|
|
|
|
|
|
5,226 |
|
|
|
5,724,060 |
|
7.00%, with various maturities to 2036(17) |
|
|
|
|
|
|
5,091 |
|
|
|
5,631,445 |
|
7.13%, with maturity at 2023 |
|
|
|
|
|
|
72 |
|
|
|
74,360 |
|
7.50%, with various maturities to 2035 |
|
|
|
|
|
|
3,578 |
|
|
|
3,917,670 |
|
7.65%, with maturity at 2022 |
|
|
|
|
|
|
53 |
|
|
|
54,343 |
|
8.00%, with various maturities to 2034 |
|
|
|
|
|
|
1,788 |
|
|
|
1,933,691 |
|
8.25%, with maturity at 2020 |
|
|
|
|
|
|
5 |
|
|
|
5,291 |
|
|
|
|
|
|
|
|
39 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
Federal Home Loan Mortgage Corp.: (continued) |
|
|
|
|
|
|
|
|
|
8.30%, with maturity at 2020 |
|
|
|
|
|
$
|
60 |
|
|
$
|
60,092 |
|
8.50%, with various maturities to 2031 |
|
|
|
|
|
|
1,104 |
|
|
|
1,224,573 |
|
9.00%, with various maturities to 2031 |
|
|
|
|
|
|
167 |
|
|
|
180,547 |
|
9.50%, with various maturities to 2025 |
|
|
|
|
|
|
73 |
|
|
|
75,066 |
|
10.00%, with maturity at 2020 |
|
|
|
|
|
|
3 |
|
|
|
3,582 |
|
10.50%, with maturity at 2020 |
|
|
|
|
|
|
3 |
|
|
|
3,164 |
|
|
|
|
|
|
|
|
|
|
|
$ |
19,714,741 |
|
Federal National Mortgage Association: |
|
|
|
|
|
|
|
|
|
2.793%, (COF + 1.25%), with maturity at
2036(18) |
|
|
|
|
|
$ |
994 |
|
|
$ |
974,636 |
|
3.798%, (6 mo. USD LIBOR + 1.54%), with maturity at
2037(18) |
|
|
|
|
|
|
1,532 |
|
|
|
1,595,870 |
|
3.862%, (1 yr. CMT + 2.258%), with maturity at
2036(18) |
|
|
|
|
|
|
8,927 |
|
|
|
9,362,659 |
|
4.308%, (1 yr. CMT + 2.213%), with maturity at
2022(18) |
|
|
|
|
|
|
58 |
|
|
|
58,929 |
|
4.50%, with various maturities to 2048(17) |
|
|
|
|
|
|
18,823 |
|
|
|
19,387,720 |
|
5.00%, with various maturities to 2040(17) |
|
|
|
|
|
|
8,964 |
|
|
|
9,501,765 |
|
5.50%, with various maturities to 2033 |
|
|
|
|
|
|
976 |
|
|
|
1,053,969 |
|
6.00%, with various maturities to 2029 |
|
|
|
|
|
|
1,996 |
|
|
|
2,099,393 |
|
6.322%, (COF + 2.00%), with maturity at
2032(18) |
|
|
|
|
|
|
2,651 |
|
|
|
2,837,445 |
|
6.50%, with various maturities to 2036(17) |
|
|
|
|
|
|
21,633 |
|
|
|
23,712,760 |
|
6.75%, with maturity at 2023 |
|
|
|
|
|
|
50 |
|
|
|
52,604 |
|
7.00%, with various maturities to 2037 |
|
|
|
|
|
|
10,000 |
|
|
|
11,089,833 |
|
7.50%, with various maturities to 2035 |
|
|
|
|
|
|
4,149 |
|
|
|
4,631,024 |
|
7.879%, with maturity at 2027(19) |
|
|
|
|
|
|
274 |
|
|
|
298,551 |
|
8.00%, with various maturities to 2034 |
|
|
|
|
|
|
1,256 |
|
|
|
1,383,151 |
|
8.255%, with maturity at 2024(19) |
|
|
|
|
|
|
15 |
|
|
|
16,051 |
|
8.264%, with maturity at 2028(19) |
|
|
|
|
|
|
79 |
|
|
|
87,802 |
|
8.28%, with maturity at 2029(19) |
|
|
|
|
|
|
67 |
|
|
|
73,515 |
|
8.366%, with maturity at 2027(19) |
|
|
|
|
|
|
92 |
|
|
|
101,401 |
|
8.50%, with various maturities to 2037 |
|
|
|
|
|
|
1,066 |
|
|
|
1,181,721 |
|
9.00%, with various maturities to 2032 |
|
|
|
|
|
|
1,466 |
|
|
|
1,605,542 |
|
9.243%, with maturity at 2025(19) |
|
|
|
|
|
|
10 |
|
|
|
10,351 |
|
9.50%, with various maturities to 2030 |
|
|
|
|
|
|
499 |
|
|
|
542,347 |
|
10.00%, with maturity at 2020 |
|
|
|
|
|
|
2 |
|
|
|
1,941 |
|
10.50%, with maturity at 2021 |
|
|
|
|
|
|
37 |
|
|
|
39,729 |
|
|
|
|
|
|
|
|
|
|
|
$ |
91,700,709 |
|
Government National Mortgage Association: |
|
|
|
|
|
|
|
|
|
4.50%, with maturity at 2047(17) |
|
|
|
|
|
$ |
9,681 |
|
|
$ |
10,026,535 |
|
5.00%, with various maturities to 2048(17) |
|
|
|
|
|
|
32,885 |
|
|
|
34,419,141 |
|
6.00%, with maturity at 2024 |
|
|
|
|
|
|
483 |
|
|
|
506,618 |
|
6.50%, with maturity at 2024(17) |
|
|
|
|
|
|
2,647 |
|
|
|
2,805,534 |
|
7.00%, with maturity at 2026 |
|
|
|
|
|
|
221 |
|
|
|
241,635 |
|
7.50%, with various maturities to 2032(17) |
|
|
|
|
|
|
5,007 |
|
|
|
5,449,357 |
|
8.00%, with various maturities to 2034(17) |
|
|
|
|
|
|
3,249 |
|
|
|
3,640,975 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
Government National Mortgage Association: (continued) |
|
|
|
|
|
|
|
|
|
8.30%, with maturity at 2020 |
|
|
|
|
|
$
|
15 |
|
|
$
|
15,164 |
|
8.50%, with maturity at 2022 |
|
|
|
|
|
|
116 |
|
|
|
122,455 |
|
9.00%, with various maturities to 2025 |
|
|
|
|
|
|
593 |
|
|
|
646,399 |
|
9.50%, with various maturities to 2021 |
|
|
|
|
|
|
180 |
|
|
|
188,373 |
|
10.00%, with maturity at 2019 |
|
|
|
|
|
|
2 |
|
|
|
2,335 |
|
|
|
|
|
|
|
|
|
|
|
$ |
58,064,521 |
|
|
|
Total Mortgage Pass-Throughs (identified cost
$168,994,956) |
|
|
$ |
169,479,971 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Collateralized Mortgage Obligations 24.4% |
|
Security |
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
Federal Home Loan Mortgage Corp.: |
|
|
|
|
|
|
|
|
Series 24, Class J, 6.25%, 11/25/23 |
|
|
|
$ |
258 |
|
|
$ |
271,013 |
|
Series 1497, Class K, 7.00%, 4/15/23 |
|
|
|
|
216 |
|
|
|
229,094 |
|
Series 1529, Class Z, 7.00%, 6/15/23 |
|
|
|
|
333 |
|
|
|
354,620 |
|
Series 1620, Class Z, 6.00%, 11/15/23 |
|
|
|
|
247 |
|
|
|
259,168 |
|
Series 1677, Class Z, 7.50%, 7/15/23 |
|
|
|
|
193 |
|
|
|
206,763 |
|
Series 1702, Class PZ, 6.50%, 3/15/24 |
|
|
|
|
2,333 |
|
|
|
2,475,534 |
|
Series 2113, Class QG, 6.00%, 1/15/29 |
|
|
|
|
533 |
|
|
|
573,884 |
|
Series 2122, Class K, 6.00%, 2/15/29 |
|
|
|
|
105 |
|
|
|
113,022 |
|
Series 2130, Class K, 6.00%, 3/15/29 |
|
|
|
|
71 |
|
|
|
76,573 |
|
Series 2167, Class BZ, 7.00%, 6/15/29 |
|
|
|
|
80 |
|
|
|
87,747 |
|
Series 2182, Class ZB, 8.00%, 9/15/29 |
|
|
|
|
824 |
|
|
|
923,665 |
|
Series 2198, Class ZA, 8.50%, 11/15/29 |
|
|
|
|
918 |
|
|
|
1,028,969 |
|
Series 2245, Class A, 8.00%, 8/15/27 |
|
|
|
|
2,266 |
|
|
|
2,537,476 |
|
Series 2458, Class ZB, 7.00%, 6/15/32 |
|
|
|
|
866 |
|
|
|
974,129 |
|
Series 3762, Class SH, 5.793%, (10.00% - 1 mo. USD LIBOR x 2.00), 11/15/40(20) |
|
|
|
|
770 |
|
|
|
766,860 |
|
Series 4097, Class PE, 3.00%, 11/15/40 |
|
|
|
|
1,607 |
|
|
|
1,583,656 |
|
Series 4273, Class PU, 4.00%, 11/15/43 |
|
|
|
|
2,263 |
|
|
|
2,220,644 |
|
Series 4273, Class SP, 6.39%, (12.00% - 1 mo. USD LIBOR x 2.67), 11/15/43(20) |
|
|
|
|
503 |
|
|
|
530,035 |
|
Series 4337, Class YT, 3.50%, 4/15/49 |
|
|
|
|
5,836 |
|
|
|
5,699,940 |
|
Series 4407, Class LN, 4.418%, (9.32% - 1 mo. USD LIBOR x 2.33), 12/15/43(20) |
|
|
|
|
114 |
|
|
|
98,011 |
|
Series 4416, Class SU, 4.393%, (8.60% - 1 mo. USD LIBOR x 2.00), 12/15/44(20) |
|
|
|
|
3,038 |
|
|
|
2,309,024 |
|
Series 4452, Class ZJ, 3.00%, 11/15/44 |
|
|
|
|
2,999 |
|
|
|
2,569,398 |
|
Series 4584, Class PM, 3.00%, 5/15/46 |
|
|
|
|
5,393 |
|
|
|
5,220,518 |
|
Series 4594, Class FM, 3.104%, (1 mo. USD LIBOR + 1.00%),
6/15/46(12) |
|
|
|
|
614 |
|
|
|
619,792 |
|
Series 4608, Class TV, 3.50%, 1/15/55 |
|
|
|
|
7,944 |
|
|
|
7,632,576 |
|
Series 4617, Class CZ, 3.50%, 5/15/46 |
|
|
|
|
818 |
|
|
|
756,467 |
|
|
|
|
|
|
|
|
40 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
Federal Home Loan Mortgage Corp.: (continued) |
|
|
|
|
|
|
|
|
Series 4630, Class CZ, 3.00%, 12/15/43 |
|
|
|
$
|
9,067 |
|
|
$
|
8,419,507 |
|
Series 4637, Class CU, 3.00%, 8/15/44 |
|
|
|
|
6,466 |
|
|
|
5,953,809 |
|
Series 4637, Class QF, 3.104%, (1 mo. USD LIBOR + 1.00%),
4/15/44(12) |
|
|
|
|
11,960 |
|
|
|
11,981,887 |
|
Series 4639, Class KF, 3.404%, (1 mo. USD LIBOR + 1.30%),
12/15/44(12) |
|
|
|
|
4,472 |
|
|
|
4,535,745 |
|
Series 4648, Class WF, 3.104%, (1 mo. USD LIBOR + 1.00%),
1/15/47(12) |
|
|
|
|
670 |
|
|
|
674,225 |
|
Series 4677, Class SB, 7.585%, (16.00% - 1 mo. USD LIBOR x 4.00), 4/15/47(20) |
|
|
|
|
3,110 |
|
|
|
2,903,287 |
|
Series 4678, Class PC, 3.00%, 1/15/46 |
|
|
|
|
13,550 |
|
|
|
13,311,435 |
|
Series 4746, Class CZ, 4.00%, 11/15/47 |
|
|
|
|
1,590 |
|
|
|
1,531,602 |
|
Series 4751, Class ZC, 4.00%, 11/15/47 |
|
|
|
|
7,642 |
|
|
|
7,401,828 |
|
Series 4774, Class MH, 4.50%, 12/15/42 |
|
|
|
|
9,331 |
|
|
|
9,584,067 |
|
Series 4774, Class QD, 4.50%, 1/15/43 |
|
|
|
|
23,190 |
|
|
|
23,812,657 |
|
Series 4776, Class C, 4.50%, 3/15/43 |
|
|
|
|
9,285 |
|
|
|
9,536,130 |
|
Interest Only:(21) |
|
|
|
|
|
|
|
|
Series 267, Class S5, 3.842%, (6.00% - 1 mo. USD LIBOR), 8/15/42(20) |
|
|
|
|
7,526 |
|
|
|
1,041,606 |
|
Series 284, Class S6, 3.942%, (6.10% - 1 mo. USD LIBOR), 10/15/42(20) |
|
|
|
|
4,233 |
|
|
|
645,695 |
|
Series 362, Class C11, 4.00%, 12/15/47 |
|
|
|
|
21,292 |
|
|
|
4,802,668 |
|
Series 3727, Class PS, 4.542%, (6.70% - 1 mo. USD LIBOR), 11/15/38(20) |
|
|
|
|
139 |
|
|
|
553 |
|
Series 3973, Class SG, 4.492%, (6.65% - 1 mo. USD LIBOR), 4/15/30(20) |
|
|
|
|
2,790 |
|
|
|
180,873 |
|
Series 4067, Class JI, 3.50%, 6/15/27 |
|
|
|
|
4,208 |
|
|
|
430,748 |
|
Series 4070, Class S, 3.942%, (6.10% - 1 mo. USD LIBOR), 6/15/32(20) |
|
|
|
|
8,709 |
|
|
|
1,131,080 |
|
Series 4088, Class EI, 3.50%, 9/15/41 |
|
|
|
|
10,881 |
|
|
|
1,817,309 |
|
Series 4094, Class CS, 3.842%, (6.00% - 1 mo. USD LIBOR), 8/15/42(20) |
|
|
|
|
4,109 |
|
|
|
662,283 |
|
Series 4095, Class HS, 3.942%, (6.10% - 1 mo. USD LIBOR), 7/15/32(20) |
|
|
|
|
2,881 |
|
|
|
324,279 |
|
Series 4109, Class ES, 3.992%, (6.15% - 1 mo. USD LIBOR), 12/15/41(20) |
|
|
|
|
90 |
|
|
|
13,201 |
|
Series 4109, Class KS, 3.942%, (6.10% - 1 mo. USD LIBOR), 5/15/32(20) |
|
|
|
|
966 |
|
|
|
34,242 |
|
Series 4110, Class SA, 3.492%, (5.65% - 1 mo. USD LIBOR), 9/15/42(20) |
|
|
|
|
5,198 |
|
|
|
605,422 |
|
Series 4149, Class S, 4.092%, (6.25% - 1 mo. USD LIBOR), 1/15/33(20) |
|
|
|
|
4,232 |
|
|
|
581,780 |
|
Series 4186, Class IQ, 4.00%, 12/15/28 |
|
|
|
|
145 |
|
|
|
943 |
|
Series 4188, Class AI, 3.50%, 4/15/28 |
|
|
|
|
2,944 |
|
|
|
259,908 |
|
Series 4203, Class QS, 4.092%, (6.25% - 1 mo. USD LIBOR), 5/15/43(20) |
|
|
|
|
8,053 |
|
|
|
965,952 |
|
Series 4233, Class GI, 3.50%, 3/15/25 |
|
|
|
|
507 |
|
|
|
5,907 |
|
Series 4408, Class IP, 3.50%, 4/15/44 |
|
|
|
|
6,988 |
|
|
|
1,380,021 |
|
Series 4435, Class BI, 3.50%, 7/15/44 |
|
|
|
|
16,189 |
|
|
|
3,099,797 |
|
Series 4629, Class QI, 3.50%, 11/15/46 |
|
|
|
|
8,541 |
|
|
|
1,518,648 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
Federal Home Loan Mortgage Corp.: (continued) |
|
|
|
|
|
|
|
|
|
Interest Only: (continued) |
|
|
|
|
|
|
|
|
|
Series 4644, Class TI, 3.50%, 1/15/45 |
|
|
|
|
|
$ |
8,915 |
|
|
$ |
1,711,802 |
|
Series 4653, Class PI, 3.50%, 7/15/44 |
|
|
|
|
|
|
4,529 |
|
|
|
704,616 |
|
Series 4667, Class PI, 3.50%, 5/15/42 |
|
|
|
|
|
|
11,652 |
|
|
|
1,859,849 |
|
Series 4676, Class DI, 4.00%, 7/15/44 |
|
|
|
|
|
|
19,539 |
|
|
|
3,285,875 |
|
Series 4744, Class IO, 4.00%, 11/15/47 |
|
|
|
|
|
|
12,109 |
|
|
|
2,619,642 |
|
Series 4749, Class IL, 4.00%, 12/15/47 |
|
|
|
|
|
|
5,609 |
|
|
|
1,351,322 |
|
Series 4767, Class IM, 4.00%, 5/15/45 |
|
|
|
|
|
|
9,528 |
|
|
|
1,623,580 |
|
Principal Only:(22) |
|
|
|
|
|
|
|
|
|
Series 242, Class PO, 0.00%, 11/15/36 |
|
|
|
|
|
|
5,013 |
|
|
|
4,294,309 |
|
Series 259, Class PO, 0.00%, 4/15/39 |
|
|
|
|
|
|
3,071 |
|
|
|
2,710,158 |
|
Series 3606, Class PO, 0.00%, 12/15/39 |
|
|
|
|
|
|
3,418 |
|
|
|
2,850,151 |
|
Series 4417, Class KO, 0.00%, 12/15/43 |
|
|
|
|
|
|
541 |
|
|
|
318,794 |
|
Series 4478, Class PO, 0.00%, 5/15/45 |
|
|
|
|
|
|
2,397 |
|
|
|
1,872,616 |
|
Series 4754, Class JO, 0.00%, 4/15/44 |
|
|
|
|
|
|
2,240 |
|
|
|
1,420,318 |
|
|
|
|
|
|
|
|
|
|
|
$ |
185,890,704 |
|
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes: |
|
|
|
|
|
|
|
|
|
Series 2016-DNA2, Class M3, 6.866%, (1 mo. USD LIBOR + 4.65%), 10/25/28(12) |
|
|
|
|
|
$ |
6,250 |
|
|
$ |
7,219,425 |
|
Series 2017-DNA2, Class M2, 5.666%, (1 mo. USD LIBOR + 3.45%), 10/25/29(12) |
|
|
|
|
|
|
3,000 |
|
|
|
3,316,581 |
|
|
|
|
|
|
|
|
|
|
|
$ |
10,536,006 |
|
Federal National Mortgage Association: |
|
|
|
|
|
|
|
|
|
Series G92-44, Class Z, 8.00%, 7/25/22 |
|
|
|
|
|
$ |
1 |
|
|
$ |
907 |
|
Series G92-44, Class ZQ, 8.00%, 7/25/22 |
|
|
|
|
|
|
1 |
|
|
|
1,476 |
|
Series G92-46, Class Z, 7.00%, 8/25/22 |
|
|
|
|
|
|
103 |
|
|
|
108,348 |
|
Series G92-60, Class Z, 7.00%, 10/25/22 |
|
|
|
|
|
|
141 |
|
|
|
148,578 |
|
Series G93-35, Class ZQ, 6.50%, 11/25/23 |
|
|
|
|
|
|
3,141 |
|
|
|
3,310,825 |
|
Series G93-40, Class H, 6.40%, 12/25/23 |
|
|
|
|
|
|
671 |
|
|
|
706,987 |
|
Series 1989-34, Class Y, 9.85%, 7/25/19 |
|
|
|
|
|
|
7 |
|
|
|
7,026 |
|
Series 1990-17, Class G, 9.00%, 2/25/20 |
|
|
|
|
|
|
9 |
|
|
|
9,336 |
|
Series 1990-27, Class Z, 9.00%, 3/25/20 |
|
|
|
|
|
|
9 |
|
|
|
9,685 |
|
Series 1990-29, Class J, 9.00%, 3/25/20 |
|
|
|
|
|
|
11 |
|
|
|
11,290 |
|
Series 1990-43, Class Z, 9.50%, 4/25/20 |
|
|
|
|
|
|
34 |
|
|
|
35,078 |
|
Series 1991-98, Class J, 8.00%, 8/25/21 |
|
|
|
|
|
|
46 |
|
|
|
48,495 |
|
Series 1992-77, Class ZA, 8.00%, 5/25/22 |
|
|
|
|
|
|
227 |
|
|
|
239,856 |
|
Series 1992-103, Class Z, 7.50%, 6/25/22 |
|
|
|
|
|
|
17 |
|
|
|
18,395 |
|
Series 1992-113, Class Z, 7.50%, 7/25/22 |
|
|
|
|
|
|
43 |
|
|
|
45,424 |
|
Series 1992-185, Class ZB, 7.00%, 10/25/22 |
|
|
|
|
|
|
69 |
|
|
|
72,727 |
|
Series 1993-16, Class Z, 7.50%, 2/25/23 |
|
|
|
|
|
|
169 |
|
|
|
179,742 |
|
Series 1993-22, Class PM, 7.40%, 2/25/23 |
|
|
|
|
|
|
133 |
|
|
|
141,015 |
|
Series 1993-25, Class J, 7.50%, 3/25/23 |
|
|
|
|
|
|
200 |
|
|
|
214,088 |
|
Series 1993-30, Class PZ, 7.50%, 3/25/23 |
|
|
|
|
|
|
379 |
|
|
|
404,827 |
|
Series 1993-42, Class ZQ, 6.75%, 4/25/23 |
|
|
|
|
|
|
502 |
|
|
|
529,181 |
|
Series 1993-56, Class PZ, 7.00%, 5/25/23 |
|
|
|
|
|
|
76 |
|
|
|
81,004 |
|
Series 1993-156, Class ZB, 7.00%, 9/25/23 |
|
|
|
|
|
|
89 |
|
|
|
95,226 |
|
|
|
|
|
|
|
|
41 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
Federal National Mortgage Association: (continued) |
|
|
|
|
|
|
|
|
|
Series 1994-45, Class Z, 6.50%, 2/25/24 |
|
|
|
|
|
$
|
640 |
|
|
$
|
673,905 |
|
Series 1994-89, Class ZQ, 8.00%, 7/25/24 |
|
|
|
|
|
|
446 |
|
|
|
486,265 |
|
Series 1996-57, Class Z, 7.00%, 12/25/26 |
|
|
|
|
|
|
429 |
|
|
|
466,889 |
|
Series 1997-77, Class Z, 7.00%, 11/18/27 |
|
|
|
|
|
|
233 |
|
|
|
255,904 |
|
Series 1998-44, Class ZA, 6.50%, 7/20/28 |
|
|
|
|
|
|
239 |
|
|
|
259,341 |
|
Series 1999-45, Class ZG, 6.50%, 9/25/29 |
|
|
|
|
|
|
68 |
|
|
|
73,675 |
|
Series 2000-22, Class PN, 6.00%, 7/25/30 |
|
|
|
|
|
|
771 |
|
|
|
832,869 |
|
Series 2002-1, Class G, 7.00%, 7/25/23 |
|
|
|
|
|
|
106 |
|
|
|
112,758 |
|
Series 2002-21, Class PE, 6.50%, 4/25/32 |
|
|
|
|
|
|
562 |
|
|
|
618,816 |
|
Series 2005-75, Class CS, 15.337%, (24.20% - 1 mo. USD LIBOR x
4.00), 9/25/35(20) |
|
|
|
|
|
|
948 |
|
|
|
1,468,216 |
|
Series 2007-74, Class AC, 5.00%, 8/25/37(17) |
|
|
|
|
|
|
6,170 |
|
|
|
6,531,502 |
|
Series 2011-49, Class NT, 6.00%, (66.00% - 1 mo. USD LIBOR x 10.00, Cap 6.00%),
6/25/41(20) |
|
|
|
|
|
|
658 |
|
|
|
700,502 |
|
Series 2011-109, Class PE, 3.00%, 8/25/41 |
|
|
|
|
|
|
4,297 |
|
|
|
4,200,923 |
|
Series 2012-134, Class ZT, 2.00%, 12/25/42 |
|
|
|
|
|
|
3,645 |
|
|
|
2,887,473 |
|
Series 2013-6, Class TA, 1.50%, 1/25/43 |
|
|
|
|
|
|
5,553 |
|
|
|
5,301,258 |
|
Series 2013-52, Class MD, 1.25%, 6/25/43 |
|
|
|
|
|
|
5,764 |
|
|
|
5,133,011 |
|
Series 2013-67, Class NF, 3.216%, (1 mo. USD LIBOR + 1.00%),
7/25/43(12) |
|
|
|
|
|
|
2,784 |
|
|
|
2,793,376 |
|
Series 2014-64, Class PA, 3.00%, 3/25/44 |
|
|
|
|
|
|
4,720 |
|
|
|
4,628,393 |
|
Series 2016-22, Class ZE, 3.00%, 6/25/44 |
|
|
|
|
|
|
743 |
|
|
|
635,872 |
|
Series 2017-13, Class KF, 3.104%, (1 mo. USD LIBOR + 1.00%),
2/25/47(12) |
|
|
|
|
|
|
1,330 |
|
|
|
1,340,667 |
|
Series 2017-15, Class LE, 3.00%, 6/25/46 |
|
|
|
|
|
|
15,942 |
|
|
|
15,569,712 |
|
Series 2017-39, Class JZ, 3.00%, 5/25/47 |
|
|
|
|
|
|
1,065 |
|
|
|
967,462 |
|
Series 2017-48, Class LG, 2.75%, 5/25/47 |
|
|
|
|
|
|
8,688 |
|
|
|
8,338,383 |
|
Series 2017-66, Class ZJ, 3.00%, 9/25/57 |
|
|
|
|
|
|
3,257 |
|
|
|
2,795,147 |
|
Series 2017-75, Class Z, 3.00%, 9/25/57 |
|
|
|
|
|
|
2,194 |
|
|
|
1,884,653 |
|
Series 2017-76, Class Z, 3.00%, 10/25/57 |
|
|
|
|
|
|
2,719 |
|
|
|
2,411,391 |
|
Series 2017-96, Class Z, 3.00%, 12/25/57 |
|
|
|
|
|
|
6,655 |
|
|
|
6,043,542 |
|
Series 2017-110, Class Z, 3.00%, 2/25/57 |
|
|
|
|
|
|
5,752 |
|
|
|
5,187,371 |
|
Series 2018-18, Class QD, 4.50%, 5/25/45(17) |
|
|
|
|
|
|
36,103 |
|
|
|
37,167,176 |
|
Series 2018-50, Class MZ, 4.50%, 7/25/48 |
|
|
|
|
|
|
5,295 |
|
|
|
5,295,709 |
|
Interest Only:(21) |
|
|
|
|
|
|
|
|
|
Series 2010-99, Class NS, 4.384%, (6.60% - 1 mo. USD LIBOR), 3/25/39(20) |
|
|
|
|
|
|
1,394 |
|
|
|
55,903 |
|
Series 2010-124, Class SJ, 3.834%, (6.05% - 1 mo. USD LIBOR), 11/25/38(20) |
|
|
|
|
|
|
2,333 |
|
|
|
119,885 |
|
Series 2011-45, Class SA, 4.434%, (6.65% - 1 mo. USD LIBOR), 1/25/29(20) |
|
|
|
|
|
|
216 |
|
|
|
1,541 |
|
Series 2011-101, Class IC, 3.50%, 10/25/26 |
|
|
|
|
|
|
10,190 |
|
|
|
872,961 |
|
Series 2011-101, Class IE, 3.50%, 10/25/26 |
|
|
|
|
|
|
3,387 |
|
|
|
291,548 |
|
Series 2012-24, Class S, 3.284%, (5.50% - 1 mo. USD LIBOR), 5/25/30(20) |
|
|
|
|
|
|
2,245 |
|
|
|
123,798 |
|
Series 2012-33, Class CI, 3.50%, 3/25/27 |
|
|
|
|
|
|
5,776 |
|
|
|
517,492 |
|
Series 2012-56, Class SU, 4.534%, (6.75% - 1 mo. USD LIBOR), 8/25/26(20) |
|
|
|
|
|
|
674 |
|
|
|
32,054 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
Federal National Mortgage Association: (continued) |
|
|
|
|
|
|
|
|
|
Interest Only: (continued) |
|
|
|
|
|
|
|
|
|
Series 2012-94, Class KS, 4.434%, (6.65% - 1 mo. USD LIBOR), 5/25/38(20) |
|
|
|
|
|
$
|
6,341 |
|
|
$
|
711,039 |
|
Series 2012-97, Class PS, 3.934%, (6.15% - 1 mo. USD LIBOR), 3/25/41(20) |
|
|
|
|
|
|
8,161 |
|
|
|
1,149,694 |
|
Series 2012-103, Class GS, 3.884%, (6.10% - 1 mo. USD LIBOR), 2/25/40(20) |
|
|
|
|
|
|
5,685 |
|
|
|
398,321 |
|
Series 2012-118, Class IN, 3.50%, 11/25/42 |
|
|
|
|
|
|
9,931 |
|
|
|
1,988,176 |
|
Series 2012-124, Class IO, 1.635%,
11/25/42(19) |
|
|
|
|
|
|
5,615 |
|
|
|
233,814 |
|
Series 2012-150, Class SK, 3.934%, (6.15% - 1 mo. USD LIBOR), 1/25/43(20) |
|
|
|
|
|
|
5,780 |
|
|
|
721,290 |
|
Series 2013-12, Class SP, 3.434%, (5.65% - 1 mo. USD LIBOR), 11/25/41(20) |
|
|
|
|
|
|
2,957 |
|
|
|
298,147 |
|
Series 2013-15, Class DS, 3.984%, (6.20% - 1 mo. USD LIBOR), 3/25/33(20) |
|
|
|
|
|
|
11,480 |
|
|
|
1,419,764 |
|
Series 2013-16, Class SY, 3.934%, (6.15% - 1 mo. USD LIBOR), 3/25/43(20) |
|
|
|
|
|
|
2,652 |
|
|
|
345,840 |
|
Series 2013-54, Class HS, 4.084%, (6.30% - 1 mo. USD LIBOR), 10/25/41(20) |
|
|
|
|
|
|
3,534 |
|
|
|
296,184 |
|
Series 2013-64, Class PS, 4.034%, (6.25% - 1 mo. USD LIBOR), 4/25/43(20) |
|
|
|
|
|
|
4,392 |
|
|
|
514,158 |
|
Series 2013-75, Class SC, 4.034%, (6.25% - 1 mo. USD LIBOR), 7/25/42(20) |
|
|
|
|
|
|
10,463 |
|
|
|
877,547 |
|
Series 2014-32, Class EI, 4.00%, 6/25/44 |
|
|
|
|
|
|
1,615 |
|
|
|
369,619 |
|
Series 2014-55, Class IN, 3.50%, 7/25/44 |
|
|
|
|
|
|
4,175 |
|
|
|
723,682 |
|
Series 2014-89, Class IO, 3.50%, 1/25/45 |
|
|
|
|
|
|
5,335 |
|
|
|
1,007,148 |
|
Series 2015-17, Class SA, 3.984%, (6.20% - 1 mo. USD LIBOR), 11/25/43(20) |
|
|
|
|
|
|
6,191 |
|
|
|
950,926 |
|
Series 2015-52, Class MI, 3.50%, 7/25/45 |
|
|
|
|
|
|
4,690 |
|
|
|
842,392 |
|
Series 2015-95, Class SB, 3.784%, (6.00% - 1 mo. USD LIBOR), 1/25/46(20) |
|
|
|
|
|
|
14,957 |
|
|
|
2,119,936 |
|
Series 2016-1, Class SJ, 3.934%, (6.15% - 1 mo. USD LIBOR), 2/25/46(20) |
|
|
|
|
|
|
22,344 |
|
|
|
3,770,490 |
|
Series 2017-46, Class NI, 3.00%, 8/25/42 |
|
|
|
|
|
|
12,861 |
|
|
|
1,908,298 |
|
Series 2018-21, Class IO, 3.00%, 4/25/48 |
|
|
|
|
|
|
24,132 |
|
|
|
4,638,290 |
|
Principal Only:(22) |
|
|
|
|
|
|
|
|
|
Series 379, Class 1, 0.00%, 5/25/37 |
|
|
|
|
|
|
3,383 |
|
|
|
2,885,051 |
|
Series 2006-8, Class WQ, 0.00%, 3/25/36 |
|
|
|
|
|
|
4,681 |
|
|
|
3,946,518 |
|
|
|
|
|
|
|
|
|
|
|
$ |
165,613,183 |
|
Federal National Mortgage Association Connecticut Avenue Securities: |
|
|
|
|
|
|
|
|
|
Series 2017-C01, Class 1B1, 7.966%, (1 mo. USD LIBOR + 5.75%),
7/25/29(12) |
|
|
|
|
|
$ |
4,500 |
|
|
$ |
5,462,679 |
|
Series 2017-C03, Class 1B1, 7.066%, (1 mo. USD LIBOR + 4.85%), 10/25/29(12) |
|
|
|
|
|
|
2,000 |
|
|
|
2,300,349 |
|
Series 2017-C03, Class 1M2, 5.216%, (1 mo. USD LIBOR + 3.00%), 10/25/29(12) |
|
|
|
|
|
|
2,750 |
|
|
|
2,966,795 |
|
|
|
|
|
|
|
|
|
|
|
$ |
10,729,823 |
|
|
|
|
|
|
|
|
42 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
Government National Mortgage Association: |
|
|
|
|
|
|
|
|
|
Series 2011-156, Class GA, 2.00%, 12/16/41 |
|
|
|
|
|
$ |
593 |
|
|
$ |
482,872 |
|
Series 2016-129, Class ZC, 2.00%, 6/20/45 |
|
|
|
|
|
|
570 |
|
|
|
505,790 |
|
Series 2017-82, Class TZ, 2.50%, 2/16/43 |
|
|
|
|
|
|
464 |
|
|
|
407,953 |
|
Series 2017-110, Class ZJ, 3.00%, 7/20/47 |
|
|
|
|
|
|
35 |
|
|
|
29,560 |
|
Series 2017-121, Class DF, 2.665%, (1 mo. USD LIBOR + 0.50%),
8/20/47(12) |
|
|
|
|
|
|
17,173 |
|
|
|
17,182,515 |
|
Series 2017-137, Class AF, 2.665%, (1 mo. USD LIBOR + 0.50%),
9/20/47(12) |
|
|
|
|
|
|
9,781 |
|
|
|
9,822,432 |
|
Series 2017-141, Class KZ, 3.00%, 9/20/47 |
|
|
|
|
|
|
4,229 |
|
|
|
3,858,591 |
|
Series 2018-6, Class JZ, 4.00%, 1/20/48 |
|
|
|
|
|
|
4,262 |
|
|
|
4,183,073 |
|
Series 2018-67, Class LT, 4.50%, (13.50% - 1 mo. USD LIBOR x 2.25, Cap 4.50%), 4/20/48(20) |
|
|
|
|
|
|
3,822 |
|
|
|
3,844,995 |
|
Interest Only:(21) |
|
|
|
|
|
|
|
|
|
Series 2017-104, Class SD, 4.035%, (6.20% - 1 mo. USD LIBOR), 7/20/47(20) |
|
|
|
|
|
|
9,111 |
|
|
|
1,463,872 |
|
Series 2018-105, Class SE, 4.035%, (6.20% - 1 mo.
USD LIBOR), 8/20/48(20) |
|
|
|
|
|
|
9,084 |
|
|
|
1,460,888 |
|
|
|
|
|
|
|
|
|
|
|
$ |
43,242,541 |
|
|
|
Total Collateralized Mortgage Obligations (identified cost
$438,269,038) |
|
|
$ |
416,012,257 |
|
|
Commercial Mortgage-Backed Securities 5.3% |
|
Security |
|
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
Agate Bay Mortgage Trust |
|
|
|
|
|
|
|
|
|
Series 2015-1, Class A4, 3.50%,
1/25/45(8)(19) |
|
|
|
|
|
$ |
2,797 |
|
|
$ |
2,813,699 |
|
CFCRE Commercial Mortgage Trust |
|
|
|
|
|
|
|
|
|
Series 2016-C3, Class D, 3.052%,
1/10/48(8)(19) |
|
|
|
|
|
|
3,500 |
|
|
|
2,859,020 |
|
Series 2016-C7, Class D, 4.587%,
12/10/54(8)(19) |
|
|
|
|
|
|
1,675 |
|
|
|
1,491,604 |
|
Citigroup Commercial Mortgage Trust |
|
|
|
|
|
|
|
|
|
Series 2015-P1, Class D, 3.225%, 9/15/48(8) |
|
|
|
|
|
|
1,000 |
|
|
|
866,490 |
|
Series 2017-MDRB, Class C, 4.658%, (1 mo. USD LIBOR + 2.50%),
7/15/30(8)(12) |
|
|
|
|
|
|
5,000 |
|
|
|
5,002,723 |
|
COMM Mortgage Trust |
|
|
|
|
|
|
|
|
|
Series 2012-CR2, Class D, 4.993%,
8/15/45(8)(19) |
|
|
|
|
|
|
1,650 |
|
|
|
1,596,912 |
|
Series 2013-CR11, Class D, 5.333%, 8/10/50(8)(19) |
|
|
|
|
|
|
4,500 |
|
|
|
4,267,395 |
|
Series 2015-CR22, Class D,
4.259%, 3/10/48(8)(19) |
|
|
|
|
|
|
4,100 |
|
|
|
3,508,584 |
|
Series 2015-CR24, Class D, 3.463%, 8/10/48 |
|
|
|
|
|
|
300 |
|
|
|
253,163 |
|
Credit Suisse Mortgage Trust |
|
|
|
|
|
|
|
|
|
Series 2016-NXSR, Class C,
4.508%, 12/15/49(19) |
|
|
|
|
|
|
2,770 |
|
|
|
2,721,629 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
JPMBB Commercial Mortgage Securities Trust |
|
|
|
|
|
|
|
|
Series 2014-C19, Class A2, 3.046%, 4/15/47 |
|
|
|
$
|
2,230 |
|
|
$
|
2,231,119 |
|
Series 2014-C19, Class D, 4.819%,
4/15/47(8)(19) |
|
|
|
|
1,425 |
|
|
|
1,280,697 |
|
Series 2014-C22, Class C, 4.71%, 9/15/47(19) |
|
|
|
|
730 |
|
|
|
708,647 |
|
Series 2014-C22, Class D, 4.71%,
9/15/47(8)(19) |
|
|
|
|
5,276 |
|
|
|
4,512,754 |
|
Series 2014-C25, Class C, 4.593%,
11/15/47(19) |
|
|
|
|
900 |
|
|
|
894,060 |
|
Series 2014-C25, Class D, 4.093%, 11/15/47(8)(19) |
|
|
|
|
2,080 |
|
|
|
1,766,210 |
|
Series 2015-C29, Class D, 3.817%, 5/15/48(19) |
|
|
|
|
2,000 |
|
|
|
1,671,655 |
|
JPMorgan Chase Commercial Mortgage Securities Trust |
|
|
|
|
|
|
|
|
Series 2006-LDP9, Class AM, 5.372%, 5/15/47 |
|
|
|
|
940 |
|
|
|
943,369 |
|
Series 2010-C2, Class D, 5.828%,
11/15/43(8)(19) |
|
|
|
|
3,247 |
|
|
|
3,277,718 |
|
Series 2011-C5, Class D, 5.586%,
8/15/46(8)(19) |
|
|
|
|
7,045 |
|
|
|
7,046,615 |
|
Series 2012-CBX, Class AS, 4.271%, 6/15/45 |
|
|
|
|
1,000 |
|
|
|
1,024,032 |
|
Series 2013-C13, Class D, 4.125%,
1/15/46(8)(19) |
|
|
|
|
3,000 |
|
|
|
2,908,995 |
|
Series 2013-C16, Class D,
5.177%, 12/15/46(8)(19) |
|
|
|
|
3,500 |
|
|
|
3,492,173 |
|
Series 2014-DSTY, Class B, 3.771%, 6/10/27(8) |
|
|
|
|
2,600 |
|
|
|
2,573,993 |
|
Morgan Stanley Bank of America Merrill Lynch Trust |
|
|
|
|
|
|
|
|
Series 2015-C23, Class D, 4.27%,
7/15/50(8)(19) |
|
|
|
|
2,000 |
|
|
|
1,805,509 |
|
Series 2016-C32, Class D,
3.396%, 12/15/49(8)(19) |
|
|
|
|
1,600 |
|
|
|
1,329,618 |
|
Morgan Stanley Capital I Trust |
|
|
|
|
|
|
|
|
Series 2016-UB12, Class D, 3.312%,
12/15/49(8) |
|
|
|
|
4,489 |
|
|
|
3,537,454 |
|
Series 2017-CLS, Class A, 2.858%, (1 mo. USD LIBOR + 0.70%), 11/15/34(8)(12) |
|
|
|
|
2,000 |
|
|
|
1,999,303 |
|
Motel 6 Trust |
|
|
|
|
|
|
|
|
Series 2017-MTL6, Class C, 3.558%, (1 mo. USD LIBOR + 1.40%),
8/15/34(8)(12) |
|
|
|
|
2,905 |
|
|
|
2,911,651 |
|
RETL Trust |
|
|
|
|
|
|
|
|
Series 2018-RVP, Class C, 4.208%, (1 mo. USD LIBOR + 2.05%),
3/15/33(8)(12) |
|
|
|
|
919 |
|
|
|
926,588 |
|
UBS Commercial Mortgage Trust |
|
|
|
|
|
|
|
|
Series 2012-C1, Class D, 5.729%,
5/10/45(8)(19) |
|
|
|
|
3,000 |
|
|
|
2,954,465 |
|
UBS-Barclays Commercial Mortgage Trust |
|
|
|
|
|
|
|
|
Series 2013-C6, Class D, 4.457%,
4/10/46(8)(19) |
|
|
|
|
4,437 |
|
|
|
4,032,135 |
|
Wells Fargo Commercial Mortgage Trust |
|
|
|
|
|
|
|
|
Series 2013-LC12, Class D,
4.423%, 7/15/46(8)(19) |
|
|
|
|
3,000 |
|
|
|
2,538,158 |
|
Series 2015-C31, Class D, 3.852%, 11/15/48 |
|
|
|
|
2,475 |
|
|
|
2,136,509 |
|
Series 2015-LC22, Class C, 4.694%,
9/15/58(19) |
|
|
|
|
1,250 |
|
|
|
1,237,774 |
|
Series 2015-SG1, Class C, 4.618%, 9/15/48(19) |
|
|
|
|
2,575 |
|
|
|
2,515,494 |
|
WF-RBS Commercial Mortgage Trust |
|
|
|
|
|
|
|
|
Series 2014-C24, Class B, 4.204%, 11/15/47(19) |
|
|
|
|
2,500 |
|
|
|
2,408,760 |
|
|
|
Total Commercial Mortgage-Backed Securities (identified cost
$90,003,491) |
|
|
$ |
90,046,674 |
|
|
|
|
|
|
|
|
43 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
Asset-Backed Securities 2.5% |
|
|
|
|
|
Security |
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
AASET U.S., Ltd. |
|
|
|
|
|
|
|
|
Series 2018-1A, Class A, 3.844%,
1/16/38(8) |
|
|
|
$ |
468 |
|
|
$ |
463,633 |
|
Alinea CLO, Ltd. |
|
|
|
|
|
|
|
|
Series 2018-1A, Class E, 8.307%, (3 mo. USD LIBOR + 6.00%),
7/20/31(8)(12) |
|
|
|
|
1,000 |
|
|
|
988,175 |
|
Apidos CLO XVII |
|
|
|
|
|
|
|
|
Series 2014-17A, Class C, 5.636%, (3 mo. USD LIBOR + 3.30%),
4/17/26(8) (12) |
|
|
|
|
1,000 |
|
|
|
1,000,051 |
|
Ares CLO, Ltd. |
|
|
|
|
|
|
|
|
Series 2015-35RA, Class E, 8.039%, (3 mo. USD LIBOR + 5.70%), 7/15/30(8) (12) |
|
|
|
|
2,000 |
|
|
|
2,007,926 |
|
Babson CLO, Ltd. |
|
|
|
|
|
|
|
|
Series 2016-1A, Class ER, 8.201%, (3 mo. USD LIBOR + 6.00%),
7/23/30(8) (12) |
|
|
|
|
1,000 |
|
|
|
1,003,960 |
|
BlueMountain CLO, Ltd. |
|
|
|
|
|
|
|
|
Series 2018-1A, Class E, 8.289%, (3 mo. USD LIBOR + 5.95%),
7/30/30(8) (12) |
|
|
|
|
1,000 |
|
|
|
993,407 |
|
Canyon Capital CLO, Ltd. |
|
|
|
|
|
|
|
|
Series 2016-2A, Class ER, (3 mo. USD LIBOR + 6.00%),
10/15/31(8)(23) |
|
|
|
|
3,350 |
|
|
|
3,331,368 |
|
Conn Funding II L.P. |
|
|
|
|
|
|
|
|
Series 2017-B, Class A, 2.73%,
7/15/20(8) |
|
|
|
|
119 |
|
|
|
118,491 |
|
Dell Equipment Finance Trust |
|
|
|
|
|
|
|
|
Series 2016-1, Class B, 2.03%, 7/22/21(8) |
|
|
|
|
1,750 |
|
|
|
1,747,940 |
|
Dryden Senior Loan Fund |
|
|
|
|
|
|
|
|
Series 2016-42I, Class ER, 7.889%, (3 mo. USD LIBOR + 5.55%), 7/15/30(8)(12) |
|
|
|
|
1,000 |
|
|
|
1,003,974 |
|
First Investors Auto Owner Trust |
|
|
|
|
|
|
|
|
Series 2015-1A,
Class C, 2.71%, 6/15/21(8) |
|
|
|
|
1,400 |
|
|
|
1,396,492 |
|
FOCUS Brands Funding, LLC |
|
|
|
|
|
|
|
|
Series 2017-1A,
Class A2I, 3.857%, 4/30/47(8) |
|
|
|
|
1,600 |
|
|
|
1,596,865 |
|
Galaxy CLO, Ltd. |
|
|
|
|
|
|
|
|
Series 2018-25A, Class E, (3 mo. USD LIBOR + 5.95%),
10/25/31(8) |
|
|
|
|
1,000 |
|
|
|
1,000,000 |
|
Golub Capital Partners CLO, Ltd. |
|
|
|
|
|
|
|
|
Series 2018-37A, Class E, 7.936%, (3 mo. USD LIBOR + 5.75%),
7/20/30(8)(12) |
|
|
|
|
3,000 |
|
|
|
2,985,711 |
|
Invitation Homes Trust |
|
|
|
|
|
|
|
|
Series 2017-SFR2, Class B, 3.308%, (1 mo. USD LIBOR + 1.15%), 12/17/36(8)(12) |
|
|
|
|
1,595 |
|
|
|
1,601,638 |
|
Series 2018-SFR1, Class C, 3.408%, (1 mo. USD LIBOR + 1.25%), 3/17/37(8)(12) |
|
|
|
|
615 |
|
|
|
616,099 |
|
Marlette Funding Trust |
|
|
|
|
|
|
|
|
Series 2018-1A, Class A, 2.61%,
3/15/28(8) |
|
|
|
|
1,108 |
|
|
|
1,105,063 |
|
MVW Owner Trust |
|
|
|
|
|
|
|
|
Series 2014-1A, Class A, 2.25%,
9/22/31(8) |
|
|
|
|
596 |
|
|
|
582,214 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
Neuberger Berman CLO, Ltd. |
|
|
|
|
|
|
|
|
|
Series 2016-22A, Class ER, (3 mo. USD LIBOR + 6.06%),
10/17/30(8)(23) |
|
|
|
|
|
$
|
1,500 |
|
|
$
|
1,481,250 |
|
Palmer Square CLO, Ltd. |
|
|
|
|
|
|
|
|
|
Series 2018-2A, Class D, 7.862%, (3 mo. USD LIBOR + 5.60%),
7/16/31(8)(12) |
|
|
|
|
|
|
1,000 |
|
|
|
994,527 |
|
Prosper Marketplace Issuance Trust |
|
|
|
|
|
|
|
|
|
Series 2017-1A,
Class A, 2.56%, 6/15/23(8) |
|
|
|
|
|
|
69 |
|
|
|
68,837 |
|
Series 2017-2A, Class
B, 3.48%, 9/15/23(8) |
|
|
|
|
|
|
1,395 |
|
|
|
1,394,630 |
|
Series 2017-3A,
Class A, 2.36%, 11/15/23(8) |
|
|
|
|
|
|
760 |
|
|
|
757,800 |
|
Series 2018-1A,
Class A, 3.11%, 6/17/24(8) |
|
|
|
|
|
|
1,223 |
|
|
|
1,223,843 |
|
Purchasing Power Funding, LLC |
|
|
|
|
|
|
|
|
|
Series 2018-A, Class A, 3.34%,
8/15/22(8) |
|
|
|
|
|
|
3,200 |
|
|
|
3,181,738 |
|
Regatta XIII Funding, Ltd. |
|
|
|
|
|
|
|
|
|
Series 2018-2A, Class D, 8.284%, (3 mo. USD LIBOR + 5.95%),
7/15/31(8)(12) |
|
|
|
|
|
|
2,000 |
|
|
|
1,969,478 |
|
Regatta XIV Funding, Ltd. |
|
|
|
|
|
|
|
|
|
Series 2018-3A, Class E, 8.162%, (3 mo. USD LIBOR + 5.95%),
10/25/31(8)(12) |
|
|
|
|
|
|
1,000 |
|
|
|
990,685 |
|
Sierra Receivables Funding Co., LLC |
|
|
|
|
|
|
|
|
|
Series 2015-1A, Class B, 3.05%, 3/22/32(8) |
|
|
|
|
|
|
477 |
|
|
|
474,868 |
|
Taco Bell Funding, LLC |
|
|
|
|
|
|
|
|
|
Series 2016-1A, Class A2I, 3.832%, 5/25/46(8) |
|
|
|
|
|
|
2,945 |
|
|
|
2,950,287 |
|
Trafigura Securitisation Finance PLC |
|
|
|
|
|
|
|
|
|
Series 2017-1A, Class B, 3.858%, (1 mo. USD LIBOR + 1.70%),
12/15/20(8)(12) |
|
|
|
|
|
|
1,500 |
|
|
|
1,500,871 |
|
Tricon American Homes |
|
|
|
|
|
|
|
|
|
Series 2016-SFR1,
Class D, 3.886%, 11/17/33(8) |
|
|
|
|
|
|
1,300 |
|
|
|
1,286,499 |
|
Vibrant CLO, Ltd. |
|
|
|
|
|
|
|
|
|
Series 2018-9A, Class D, 8.492%, (3 mo. USD LIBOR + 6.25%), 7/20/31(8)(12) |
|
|
|
|
|
|
1,000 |
|
|
|
994,936 |
|
|
|
|
|
Total Asset-Backed Securities (identified cost $42,803,232) |
|
|
|
|
|
|
|
|
|
$ |
42,813,256 |
|
|
Common Stocks 0.9% |
|
Security |
|
|
|
|
Shares |
|
|
Value |
|
|
Aerospace and Defense
0.0%(14) |
|
IAP Global Services,
LLC(3)(24)(25) |
|
|
|
|
|
|
31 |
|
|
$ |
362,559 |
|
|
|
|
|
|
|
|
|
|
|
$ |
362,559 |
|
|
Automotive 0.1% |
|
Dayco Products,
LLC(24)(25) |
|
|
|
|
|
|
27,250 |
|
|
$ |
981,000 |
|
|
|
|
|
|
|
|
|
|
|
$ |
981,000 |
|
|
|
|
|
|
|
|
44 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
|
Shares |
|
|
Value |
|
|
Business Equipment and Services 0.2% |
|
Education Management Corp.(3)(24)(25) |
|
|
|
|
|
|
5,580,468 |
|
|
$ |
0 |
|
RCS Capital
Corp.(24)(25) |
|
|
|
|
|
|
37,523 |
|
|
|
3,672,564 |
|
|
|
|
|
|
|
|
|
|
|
$ |
3,672,564 |
|
|
Electronics / Electrical 0.1% |
|
Answers
Corp.(3)(24)(25) |
|
|
|
|
|
|
78,756 |
|
|
$ |
574,131 |
|
|
|
|
|
|
|
|
|
|
|
$ |
574,131 |
|
|
Health Care 0.0%(14) |
|
New Millennium Holdco,
Inc.(24)(25) |
|
|
|
|
|
|
42,216 |
|
|
$ |
6,438 |
|
|
|
|
|
|
|
|
|
|
|
$ |
6,438 |
|
|
Nonferrous Metals / Minerals 0.0% |
|
ASP United/GHX Holding,
LLC(3)(24)(25) |
|
|
|
|
|
|
76,163 |
|
|
$ |
0 |
|
|
|
|
|
|
|
|
|
|
|
$ |
0 |
|
|
Oil and Gas 0.2% |
|
AFG Holdings, Inc.(3)(24)(25) |
|
|
|
|
|
|
29,751 |
|
|
$ |
2,023,068 |
|
Fieldwood Energy, Inc.(24)(25) |
|
|
|
|
|
|
10,085 |
|
|
|
521,059 |
|
Nine Point Energy Holdings, Inc.(3)(24)(26) |
|
|
|
|
|
|
29,787 |
|
|
|
33,064 |
|
Paragon Offshore Finance Company,
Class A(24)(25) |
|
|
|
|
|
|
2,021 |
|
|
|
2,147 |
|
Paragon Offshore Finance Company,
Class B(24)(25) |
|
|
|
|
|
|
1,011 |
|
|
|
33,616 |
|
Samson Resources II, LLC, Class A(24)(25) |
|
|
|
|
|
|
45,294 |
|
|
|
1,075,732 |
|
Southcross Holdings Group, LLC(3)(24)(25) |
|
|
|
|
|
|
78 |
|
|
|
0 |
|
Southcross Holdings L.P., Class A(24)(25) |
|
|
|
|
|
|
78 |
|
|
|
19,110 |
|
|
|
|
|
|
|
|
|
|
|
$ |
3,707,796 |
|
|
Publishing 0.3% |
|
Cumulus Media, Inc.(24)(25) |
|
|
|
|
|
|
50,522 |
|
|
$ |
862,916 |
|
ION Media Networks, Inc.(3)(24)(25) |
|
|
|
|
|
|
5,187 |
|
|
|
4,224,656 |
|
Tweddle Group,
Inc.(3)(24)(25) |
|
|
|
|
|
|
5,433 |
|
|
|
292,241 |
|
|
|
|
|
|
|
|
|
|
|
$ |
5,379,813 |
|
|
|
Total Common Stocks (identified cost $6,032,190) |
|
|
$ |
14,684,301 |
|
|
Convertible Bonds 0.0%(14) |
|
Security |
|
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
|
Utilities 0.0%(14) |
|
Clearway Energy, Inc., 3.25%, 6/1/20(8) |
|
|
|
|
|
$ |
225 |
|
|
$ |
225,383 |
|
|
|
Total Convertible Bonds (identified cost
$221,427) |
|
|
$ |
225,383 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Convertible Preferred Stocks
0.0%(14) |
|
Security |
|
|
|
|
Shares |
|
|
Value |
|
|
Business Equipment and Services 0.0% |
|
Education Management Corp., Series A-1, 7.50%(3)(24)(25) |
|
|
|
|
|
|
6,209 |
|
|
$ |
0 |
|
|
|
|
|
|
|
|
|
|
|
$ |
0 |
|
|
Oil and Gas 0.0%(14) |
|
Nine Point Energy Holdings, Inc., Series A, 12.00%(3)(24)(26) |
|
|
|
|
|
|
555 |
|
|
$ |
814,723 |
|
|
|
|
|
|
|
|
|
|
|
$ |
814,723 |
|
|
|
Total Convertible Preferred Stocks (identified cost
$993,211) |
|
|
$ |
814,723 |
|
|
Preferred Stocks 0.0%(14) |
|
Security |
|
|
|
|
Shares |
|
|
Value |
|
|
Pipelines 0.0%(14) |
|
NuStar Energy, L.P., Series B, 7.625% to 6/15/22(10) |
|
|
|
|
|
|
31,500 |
|
|
$ |
683,235 |
|
|
|
Total Preferred Stocks (identified cost $702,450) |
|
|
$ |
683,235 |
|
|
Closed-End Funds 1.3% |
|
Security |
|
|
|
|
Shares |
|
|
Value |
|
BlackRock Corporate High Yield Fund, Inc. |
|
|
|
|
|
|
2,073,855 |
|
|
$ |
21,796,216 |
|
|
|
Total Closed-End Funds (identified cost
$25,207,868) |
|
|
$ |
21,796,216 |
|
|
Miscellaneous 0.0% |
|
Security |
|
|
|
|
Principal Amount/ Shares |
|
|
Value |
|
|
Cable and Satellite Television 0.0% |
|
ACC Claims Holdings,
LLC(3)(24) |
|
|
|
|
|
|
2,257,600 |
|
|
$ |
0 |
|
|
|
|
|
|
|
|
|
|
|
$ |
0 |
|
|
Telecommunications 0.0% |
|
Avaya, Inc., Escrow Certificates(3)(24) |
|
|
|
|
|
$ |
1,135,000 |
|
|
$ |
0 |
|
|
|
|
|
|
|
|
|
|
|
$ |
0 |
|
|
|
Total Miscellaneous (identified cost $0) |
|
|
$ |
0 |
|
|
|
|
|
|
|
|
45 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
Short-Term Investments 2.7% |
|
U.S. Treasury Obligations 0.1% |
|
Security |
|
|
|
Principal Amount (000s omitted) |
|
|
Value |
|
U.S. Treasury Bill, 0.00%, 10/11/18(27) |
|
|
|
$ |
500 |
|
|
$ |
499,716 |
|
|
|
Total U.S. Treasury Obligations (identified cost
$499,731) |
|
|
$ |
499,716 |
|
|
Other 2.6% |
|
Description |
|
|
|
Units |
|
|
Value |
|
Eaton Vance Cash Reserves Fund, LLC, 2.19%(28) |
|
|
|
|
44,698,983 |
|
|
$ |
44,698,983 |
|
|
|
Total Other (identified cost $44,699,132) |
|
|
$ |
44,698,983 |
|
|
|
Total Short-Term Investments (identified cost
$45,198,863) |
|
|
$ |
45,198,699 |
|
|
|
Total Investments 155.2% (identified cost
$2,673,123,044) |
|
|
$ |
2,644,430,552 |
|
|
|
Less Unfunded Loan Commitments (0.0)%(14) |
|
|
$ |
(555,837 |
) |
|
|
Net Investments 155.2% (identified cost
$2,672,567,207) |
|
|
$ |
2,643,874,715 |
|
|
|
Other Assets, Less Liabilities (42.5)% |
|
|
$ |
(724,006,093 |
) |
|
|
Auction Preferred Shares Plus Cumulative Unpaid
Dividends (12.7)% |
|
|
$ |
(216,083,715 |
) |
|
|
Net Assets Applicable to Common Shares 100.0% |
|
|
$ |
1,703,784,907 |
|
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 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. See Note 1F for description. |
|
(3) |
For fair value measurement disclosure purposes, security is categorized as Level 3 (see Note 12). |
|
(4) |
The stated interest rate represents the weighted average interest rate at September 30, 2018 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) |
This Senior Loan will settle after September 30, 2018, at which time the interest rate will be determined. |
|
(6) |
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. |
|
(8) |
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, 2018, the aggregate value of these securities is $558,533,313 or 32.8% of the Funds net assets applicable to common shares.
|
|
(9) |
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, 2018, the aggregate
value of these securities is $101,995,888 or 6.0% of the Funds net assets applicable to common shares. |
(10) |
Security converts to floating rate after the indicated fixed-rate coupon period. |
(11) |
Perpetual security with no stated maturity date but may be subject to calls by the issuer. |
(12) |
Variable rate security. The stated interest rate represents the rate in effect at September 30, 2018. |
(13) |
When-issued security. |
(14) |
Amount is less than 0.05% or (0.05)%, as applicable. |
(15) |
Represents a payment-in-kind security which may pay interest in additional principal at the issuers discretion. |
(16) |
Loan is subject to scheduled mandatory prepayments. Maturity date shown reflects the final maturity date. |
(17) |
Security (or a portion thereof) has been pledged for the benefit of the counterparty for reverse repurchase agreements. |
(18) |
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, 2018. |
(19) |
Weighted average fixed-rate coupon that changes/updates monthly. Rate shown is the rate at September 30, 2018. |
(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, 2018. |
(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. |
|
|
|
|
|
|
|
46 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
(22) |
Principal only security that entitles the holder to receive only principal payments on the underlying mortgages. |
(23) |
When-issued, variable rate security whose interest rate will be determined after September 30, 2018. |
(24) |
Non-income producing security. |
(25) |
Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale.
|
(26) |
Restricted security (see Note 7). |
(27) |
Security (or a portion thereof) has been pledged to cover margin requirements on open financial futures contracts. |
(28) |
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, 2018. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts |
|
|
|
|
|
|
|
Currency Purchased |
|
|
Currency Sold |
|
|
Counterparty |
|
Settlement Date |
|
|
Unrealized Appreciation |
|
|
Unrealized (Depreciation) |
|
|
|
|
|
|
|
|
|
EUR |
|
|
190,000 |
|
|
USD |
|
|
223,185 |
|
|
State Street Bank and Trust Company |
|
|
10/1/18 |
|
|
$ |
|
|
|
$ |
(2,586 |
) |
GBP |
|
|
125,000 |
|
|
USD |
|
|
163,422 |
|
|
State Street Bank and Trust Company |
|
|
10/1/18 |
|
|
|
|
|
|
|
(497 |
) |
EUR |
|
|
200,000 |
|
|
USD |
|
|
235,002 |
|
|
State Street Bank and Trust Company |
|
|
10/3/18 |
|
|
|
|
|
|
|
(2,774 |
) |
USD |
|
|
267,858 |
|
|
EUR |
|
|
215,338 |
|
|
JPMorgan Chase Bank, N.A. |
|
|
10/5/18 |
|
|
|
17,782 |
|
|
|
|
|
USD |
|
|
169,779 |
|
|
EUR |
|
|
135,594 |
|
|
JPMorgan Chase Bank, N.A. |
|
|
10/5/18 |
|
|
|
12,310 |
|
|
|
|
|
EUR |
|
|
568,696 |
|
|
USD |
|
|
669,059 |
|
|
Goldman Sachs International |
|
|
10/29/18 |
|
|
|
|
|
|
|
(7,382 |
) |
USD |
|
|
2,556,410 |
|
|
EUR |
|
|
2,172,933 |
|
|
Goldman Sachs International |
|
|
10/29/18 |
|
|
|
28,206 |
|
|
|
|
|
USD |
|
|
2,099,964 |
|
|
EUR |
|
|
1,784,957 |
|
|
Goldman Sachs International |
|
|
10/29/18 |
|
|
|
23,170 |
|
|
|
|
|
USD |
|
|
693,684 |
|
|
EUR |
|
|
589,627 |
|
|
Goldman Sachs International |
|
|
10/29/18 |
|
|
|
7,654 |
|
|
|
|
|
USD |
|
|
558,633 |
|
|
EUR |
|
|
474,835 |
|
|
Goldman Sachs International |
|
|
10/29/18 |
|
|
|
6,164 |
|
|
|
|
|
USD |
|
|
458,049 |
|
|
EUR |
|
|
389,339 |
|
|
Goldman Sachs International |
|
|
10/29/18 |
|
|
|
5,054 |
|
|
|
|
|
USD |
|
|
370,743 |
|
|
EUR |
|
|
315,129 |
|
|
Goldman Sachs International |
|
|
10/29/18 |
|
|
|
4,091 |
|
|
|
|
|
EUR |
|
|
100,373 |
|
|
USD |
|
|
117,092 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
|
|
|
|
(289 |
) |
EUR |
|
|
95,434 |
|
|
USD |
|
|
111,400 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
|
|
|
|
(346 |
) |
EUR |
|
|
103,482 |
|
|
USD |
|
|
121,365 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
|
|
|
|
(945 |
) |
EUR |
|
|
346,425 |
|
|
USD |
|
|
407,156 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
|
|
|
|
(4,029 |
) |
GBP |
|
|
476,938 |
|
|
USD |
|
|
628,380 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
|
|
|
|
(5,940 |
) |
USD |
|
|
20,721,897 |
|
|
EUR |
|
|
17,677,180 |
|
|
Goldman Sachs International |
|
|
10/31/18 |
|
|
|
151,328 |
|
|
|
|
|
USD |
|
|
19,009,822 |
|
|
EUR |
|
|
16,206,640 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
150,489 |
|
|
|
|
|
USD |
|
|
1,194,470 |
|
|
EUR |
|
|
1,018,334 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
9,456 |
|
|
|
|
|
USD |
|
|
235,515 |
|
|
EUR |
|
|
200,000 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
2,779 |
|
|
|
|
|
USD |
|
|
223,705 |
|
|
EUR |
|
|
190,000 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
2,606 |
|
|
|
|
|
USD |
|
|
199,695 |
|
|
EUR |
|
|
169,535 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
2,411 |
|
|
|
|
|
USD |
|
|
117,407 |
|
|
EUR |
|
|
100,000 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
1,039 |
|
|
|
|
|
USD |
|
|
210,096 |
|
|
EUR |
|
|
180,000 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
634 |
|
|
|
|
|
USD |
|
|
116,996 |
|
|
EUR |
|
|
100,000 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
628 |
|
|
|
|
|
USD |
|
|
313,129 |
|
|
EUR |
|
|
269,107 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
|
|
|
|
(25 |
) |
USD |
|
|
999,839 |
|
|
GBP |
|
|
775,000 |
|
|
Citibank, N.A. |
|
|
10/31/18 |
|
|
|
|
|
|
|
(11,594 |
) |
USD |
|
|
5,797,160 |
|
|
GBP |
|
|
4,402,293 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
51,840 |
|
|
|
|
|
USD |
|
|
2,269,765 |
|
|
GBP |
|
|
1,724,343 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
19,369 |
|
|
|
|
|
USD |
|
|
163,634 |
|
|
GBP |
|
|
125,000 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
500 |
|
|
|
|
|
USD |
|
|
739,351 |
|
|
GBP |
|
|
571,416 |
|
|
State Street Bank and Trust Company |
|
|
10/31/18 |
|
|
|
|
|
|
|
(6,390 |
) |
USD |
|
|
235,271 |
|
|
EUR |
|
|
197,833 |
|
|
Deutsche Bank AG |
|
|
11/15/18 |
|
|
|
4,786 |
|
|
|
|
|
USD |
|
|
123,726 |
|
|
EUR |
|
|
103,381 |
|
|
Deutsche Bank AG |
|
|
11/15/18 |
|
|
|
3,282 |
|
|
|
|
|
USD |
|
|
117,849 |
|
|
EUR |
|
|
98,409 |
|
|
Deutsche Bank AG |
|
|
11/15/18 |
|
|
|
3,197 |
|
|
|
|
|
USD |
|
|
123,168 |
|
|
EUR |
|
|
103,229 |
|
|
Deutsche Bank AG |
|
|
11/15/18 |
|
|
|
2,901 |
|
|
|
|
|
USD |
|
|
77,834 |
|
|
EUR |
|
|
65,840 |
|
|
Deutsche Bank AG |
|
|
11/15/18 |
|
|
|
1,127 |
|
|
|
|
|
|
|
|
|
|
|
|
47 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts (continued) |
|
|
|
|
|
|
|
Currency Purchased |
|
|
Currency Sold |
|
|
Counterparty |
|
Settlement Date |
|
|
Unrealized Appreciation |
|
|
Unrealized (Depreciation) |
|
|
|
|
|
|
|
|
|
USD |
|
|
161,337 |
|
|
EUR |
|
|
138,009 |
|
|
Deutsche Bank AG |
|
|
11/15/18 |
|
|
$
|
550 |
|
|
$
|
|
|
USD |
|
|
783,563 |
|
|
CAD |
|
|
1,014,718 |
|
|
HSBC Bank USA, N.A. |
|
|
11/30/18 |
|
|
|
|
|
|
|
(2,968 |
) |
USD |
|
|
6,383,188 |
|
|
EUR |
|
|
5,414,483 |
|
|
State Street Bank and Trust Company |
|
|
11/30/18 |
|
|
|
67,600 |
|
|
|
|
|
USD |
|
|
587,020 |
|
|
EUR |
|
|
498,000 |
|
|
State Street Bank and Trust Company |
|
|
11/30/18 |
|
|
|
6,140 |
|
|
|
|
|
USD |
|
|
25,603,591 |
|
|
EUR |
|
|
21,804,765 |
|
|
Goldman Sachs International |
|
|
12/6/18 |
|
|
|
155,960 |
|
|
|
|
|
USD |
|
|
2,035,111 |
|
|
EUR |
|
|
1,709,000 |
|
|
Goldman Sachs International |
|
|
12/13/18 |
|
|
|
39,128 |
|
|
|
|
|
USD |
|
|
3,416,084 |
|
|
EUR |
|
|
2,884,524 |
|
|
Deutsche Bank AG |
|
|
12/20/18 |
|
|
|
44,702 |
|
|
|
|
|
USD |
|
|
773,254 |
|
|
EUR |
|
|
659,565 |
|
|
Goldman Sachs International |
|
|
2/21/19 |
|
|
|
|
|
|
|
(2,033 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
826,883 |
|
|
$ |
(47,798 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures Contracts |
|
|
|
|
|
|
|
Description |
|
Number of Contracts |
|
|
Position |
|
|
Expiration Month/Year |
|
|
Notional Amount |
|
|
Value/Net Unrealized Appreciation (Depreciation) |
|
|
|
|
|
|
|
Interest Rate Futures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5-Year USD Deliverable Interest Rate Swap |
|
|
91 |
|
|
|
Short |
|
|
|
Dec-18 |
|
|
$ |
(8,949,281 |
) |
|
$ |
40,523 |
|
10-Year USD Deliverable Interest Rate Swap |
|
|
129 |
|
|
|
Short |
|
|
|
Dec-18 |
|
|
|
(12,714,563 |
) |
|
|
124,969 |
|
U.S. 2-Year Treasury Note |
|
|
647 |
|
|
|
Short |
|
|
|
Dec-18 |
|
|
|
(136,345,141 |
) |
|
|
264,772 |
|
U.S. 5-Year Treasury Note |
|
|
1,118 |
|
|
|
Short |
|
|
|
Dec-18 |
|
|
|
(125,748,797 |
) |
|
|
761,808 |
|
U.S. 10-Year Treasury Note |
|
|
675 |
|
|
|
Short |
|
|
|
Dec-18 |
|
|
|
(80,177,344 |
) |
|
|
780,468 |
|
U.S. 10-Year Treasury Note |
|
|
300 |
|
|
|
Long |
|
|
|
Dec-18 |
|
|
|
35,634,375 |
|
|
|
(353,906 |
) |
U.S. Ultra 10-Year Treasury Note |
|
|
214 |
|
|
|
Short |
|
|
|
Dec-18 |
|
|
|
(26,964,000 |
) |
|
|
359,453 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,978,087 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centrally Cleared Interest Rate Swaps |
|
|
|
|
|
|
|
|
Counterparty |
|
Notional Amount (000s omitted) |
|
|
Fund Pays/Receives Floating Rate |
|
Floating Rate |
|
Annual Fixed Rate |
|
Termination Date |
|
|
Value/Net Unrealized Appreciation (Depreciation) |
|
LCH.Clearnet |
|
EUR |
|
|
4,492 |
|
|
Receives |
|
6-month EURIBOR (pays semi-annually) |
|
0.25% (pays annually)(1) |
|
|
9/20/22 |
|
|
$ |
(8,144 |
) |
LCH.Clearnet |
|
EUR |
|
|
500 |
|
|
Receives |
|
6-month EURIBOR (pays semi-annually) |
|
1.00% (pays annually)(1) |
|
|
3/21/23 |
|
|
|
(7,440 |
) |
LCH.Clearnet |
|
EUR |
|
|
2,250 |
|
|
Receives |
|
6-month EURIBOR (pays semi-annually) |
|
0.37% (pays annually) |
|
|
5/9/23 |
|
|
|
(11,349 |
) |
LCH.Clearnet |
|
EUR |
|
|
240 |
|
|
Receives |
|
6-month EURIBOR (pays semi-annually) |
|
1.01% (pays annually) |
|
|
3/20/28 |
|
|
|
(3,684 |
) |
LCH.Clearnet |
|
EUR |
|
|
290 |
|
|
Receives |
|
6-month EURIBOR (pays semi-annually) |
|
1.01% (pays annually) |
|
|
3/21/28 |
|
|
|
(4,941 |
) |
LCH.Clearnet |
|
EUR |
|
|
95 |
|
|
Receives |
|
6-month EURIBOR (pays semi-annually) |
|
1.47% (pays annually) |
|
|
4/5/48 |
|
|
|
625 |
|
|
|
|
|
|
|
|
48 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centrally Cleared Interest Rate Swaps (continued) |
|
|
|
|
|
|
|
|
Counterparty |
|
Notional Amount (000s omitted) |
|
|
Fund Pays/Receives Floating Rate |
|
Floating Rate |
|
Annual Fixed Rate |
|
Termination Date |
|
|
Value/Net Unrealized Appreciation (Depreciation) |
|
|
|
|
|
|
|
|
|
LCH.Clearnet |
|
EUR |
|
|
265 |
|
|
Receives |
|
6-month EURIBOR (pays semi-annually) |
|
1.36% (pays annually) |
|
|
4/5/48 |
|
|
$
|
873 |
|
LCH.Clearnet |
|
EUR |
|
|
140 |
|
|
Receives |
|
6-month EURIBOR (pays semi-annually) |
|
1.60% (pays annually) |
|
|
5/18/48 |
|
|
|
(4,229 |
) |
LCH.Clearnet |
|
EUR |
|
|
159 |
|
|
Receives |
|
6-month EURIBOR (pays semi-annually) |
|
1.54% (pays annually) |
|
|
5/29/48 |
|
|
|
(1,455 |
) |
LCH.Clearnet |
|
EUR |
|
|
71 |
|
|
Receives |
|
6-month EURIBOR (pays semi-annually) |
|
1.46% (pays annually) |
|
|
5/31/48 |
|
|
|
948 |
|
LCH.Clearnet |
|
USD |
|
|
1,700 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
1.75% (pays semi-annually)(1) |
|
|
9/20/19 |
|
|
|
17,975 |
|
LCH.Clearnet |
|
USD |
|
|
2,250 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
1.50% (pays semi-annually)(1) |
|
|
3/20/20 |
|
|
|
37,015 |
|
LCH.Clearnet |
|
USD |
|
|
760 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
1.93% (pays semi-annually) |
|
|
11/3/20 |
|
|
|
13,105 |
|
LCH.Clearnet |
|
USD |
|
|
100 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
1.96% (pays semi-annually) |
|
|
11/17/20 |
|
|
|
1,461 |
|
LCH.Clearnet |
|
USD |
|
|
550 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.68%
(pays semi-annually) |
|
|
3/16/21 |
|
|
|
3,885 |
|
LCH.Clearnet |
|
USD |
|
|
650 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.69%
(pays semi-annually) |
|
|
3/16/21 |
|
|
|
4,950 |
|
LCH.Clearnet |
|
USD |
|
|
650 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.68%
(pays semi-annually) |
|
|
3/16/21 |
|
|
|
4,610 |
|
LCH.Clearnet |
|
USD |
|
|
500 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.68%
(pays semi-annually) |
|
|
3/19/21 |
|
|
|
3,829 |
|
LCH.Clearnet |
|
USD |
|
|
375 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.77%
(pays semi-annually) |
|
|
3/26/21 |
|
|
|
2,777 |
|
LCH.Clearnet |
|
USD |
|
|
665 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.09%
(pays semi-annually) |
|
|
11/7/22 |
|
|
|
21,556 |
|
LCH.Clearnet |
|
USD |
|
|
1,750 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.07%
(pays semi-annually) |
|
|
11/14/22 |
|
|
|
58,167 |
|
LCH.Clearnet |
|
USD |
|
|
170 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.09%
(pays semi-annually) |
|
|
11/17/22 |
|
|
|
5,249 |
|
LCH.Clearnet |
|
USD |
|
|
210 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.09%
(pays semi-annually) |
|
|
11/17/22 |
|
|
|
6,465 |
|
LCH.Clearnet |
|
USD |
|
|
2,000 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.21%
(pays semi-annually) |
|
|
12/7/22 |
|
|
|
54,829 |
|
LCH.Clearnet |
|
USD |
|
|
350 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.76%
(pays semi-annually) |
|
|
3/20/23 |
|
|
|
4,221 |
|
LCH.Clearnet |
|
USD |
|
|
390 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
3.11%
(pays semi-annually) |
|
|
9/27/23 |
|
|
|
(892 |
) |
LCH.Clearnet |
|
USD |
|
|
292 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
3.09%
(pays semi-annually) |
|
|
9/28/23 |
|
|
|
(398 |
) |
LCH.Clearnet(2) |
|
USD |
|
|
263 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
3.08%
(pays semi-annually) |
|
|
10/2/23 |
|
|
|
(188 |
) |
LCH.Clearnet(2) |
|
USD |
|
|
425 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
3.06%
(pays semi-annually) |
|
|
10/2/23 |
|
|
|
|
|
|
|
|
|
|
|
|
49 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centrally Cleared Interest Rate Swaps (continued) |
|
|
|
|
|
|
|
|
Counterparty |
|
Notional Amount (000s omitted) |
|
|
Fund Pays/Receives Floating Rate |
|
Floating Rate |
|
Annual
Fixed Rate |
|
Termination Date |
|
|
Value/Net Unrealized Appreciation (Depreciation) |
|
|
|
|
|
|
|
|
|
LCH.Clearnet |
|
USD |
|
|
1,600 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.36%
(pays semi-annually) |
|
|
11/21/27 |
|
|
$
|
83,692 |
|
LCH.Clearnet |
|
USD |
|
|
330 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.68%
(pays semi-annually) |
|
|
1/30/28 |
|
|
|
11,156 |
|
LCH.Clearnet |
|
USD |
|
|
140 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.72%
(pays semi-annually) |
|
|
1/31/28 |
|
|
|
4,193 |
|
LCH.Clearnet |
|
USD |
|
|
250 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.85%
(pays semi-annually) |
|
|
3/16/28 |
|
|
|
4,937 |
|
LCH.Clearnet |
|
USD |
|
|
240 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.86%
(pays semi-annually) |
|
|
3/20/28 |
|
|
|
4,681 |
|
LCH.Clearnet |
|
USD |
|
|
1,046 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
3.02%
(pays semi-annually) |
|
|
5/10/28 |
|
|
|
(3,309 |
) |
LCH.Clearnet |
|
USD |
|
|
2,339 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.88%
(pays semi-annually) |
|
|
6/1/28 |
|
|
|
24,432 |
|
LCH.Clearnet |
|
USD |
|
|
673 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
3.13%
(pays semi-annually) |
|
|
9/28/28 |
|
|
|
(1,506 |
) |
LCH.Clearnet(2) |
|
USD |
|
|
273 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
3.11%
(pays semi-annually) |
|
|
10/2/28 |
|
|
|
|
|
LCH.Clearnet(2) |
|
USD |
|
|
573 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
3.12%
(pays semi-annually) |
|
|
10/2/28 |
|
|
|
(382 |
) |
LCH.Clearnet |
|
USD |
|
|
279 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.92%
(pays semi-annually) |
|
|
4/16/48 |
|
|
|
8,872 |
|
LCH.Clearnet |
|
USD |
|
|
310 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
2.91%
(pays semi-annually) |
|
|
4/17/48 |
|
|
|
10,609 |
|
LCH.Clearnet |
|
USD |
|
|
648 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
3.12%
(pays semi-annually) |
|
|
5/17/48 |
|
|
|
9,021 |
|
LCH.Clearnet |
|
USD |
|
|
39 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
3.12%
(pays semi-annually) |
|
|
5/18/48 |
|
|
|
(172 |
) |
LCH.Clearnet |
|
USD |
|
|
40 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
3.12%
(pays semi-annually) |
|
|
5/23/48 |
|
|
|
(280 |
) |
LCH.Clearnet |
|
USD |
|
|
30 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
3.02%
(pays semi-annually) |
|
|
5/29/48 |
|
|
|
383 |
|
LCH.Clearnet |
|
USD |
|
|
321 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
3.14%
(pays semi-annually) |
|
|
9/25/48 |
|
|
|
(1,303 |
) |
LCH.Clearnet(2) |
|
USD |
|
|
629 |
|
|
Receives |
|
3-month USD-LIBOR (pays quarterly) |
|
3.12% (pays semi-annually) |
|
|
10/1/48 |
|
|
|
290 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$355,134 |
|
(1) |
Upfront payment is exchanged with the counterparty as a result of the standardized trading coupon. |
(2) |
Effective date, which represents the date on which the Fund and the counterparty to the interest rate swap begin interest payment accrual, is after
September 30, 2018. |
|
|
|
|
|
|
|
50 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Portfolio of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Default Swaps Sell Protection |
|
|
|
|
|
|
|
|
|
|
Reference
Entity |
|
Counterparty |
|
|
Notional Amount* (000s omitted) |
|
|
Contract Annual Fixed Rate** |
|
Termination Date |
|
Current
Market Annual
Fixed Rate*** |
|
|
Market
Value |
|
|
Unamortized Upfront Payments Received |
|
|
Net Unrealized Appreciation (Depreciation) |
|
|
|
|
|
|
|
|
|
|
Argentina |
|
|
Goldman Sachs International |
|
|
$ |
3,117 |
|
|
5.00% (pays quarterly)(1) |
|
12/20/23 |
|
|
5.33% |
|
|
$ |
(102,124 |
) |
|
$ |
132,592 |
|
|
$ |
30,468 |
|
Bahamas |
|
|
Deutsche Bank AG |
|
|
|
1,150 |
|
|
1.00% (pays quarterly)(1) |
|
6/20/22 |
|
|
1.85 |
|
|
|
(38,877 |
) |
|
|
76,907 |
|
|
|
38,030 |
|
Brazil |
|
|
Citibank, N.A. |
|
|
|
3,549 |
|
|
1.00% (pays quarterly)(1) |
|
12/20/23 |
|
|
2.54 |
|
|
|
(257,652 |
) |
|
|
285,863 |
|
|
|
28,211 |
|
Brazil |
|
|
Goldman Sachs International |
|
|
|
900 |
|
|
1.00% (pays quarterly)(1) |
|
12/20/23 |
|
|
2.54 |
|
|
|
(65,339 |
) |
|
|
67,567 |
|
|
|
2,228 |
|
Russia |
|
|
Deutsche Bank AG |
|
|
|
2,500 |
|
|
1.00% (pays quarterly)(1) |
|
12/20/23 |
|
|
1.44 |
|
|
|
(49,948 |
) |
|
|
67,239 |
|
|
|
17,291 |
|
Russia |
|
|
Deutsche Bank AG |
|
|
|
300 |
|
|
1.00% (pays quarterly)(1) |
|
12/20/23 |
|
|
1.44 |
|
|
|
(5,994 |
) |
|
|
8,082 |
|
|
|
2,088 |
|
Turkey |
|
|
Citibank, N.A. |
|
|
|
290 |
|
|
1.00%
(pays quarterly)(1) |
|
6/20/23 |
|
|
3.62 |
|
|
|
(30,669 |
) |
|
|
19,321 |
|
|
|
(11,348 |
) |
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
$ |
11,806 |
|
|
|
|
|
|
|
|
|
|
$ |
(550,603 |
) |
|
$ |
657,571 |
|
|
$ |
106,968 |
|
* |
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, 2018, such maximum potential amount for all open credit default swaps in which the Fund is the seller was $11,806,000.
|
** |
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 markets 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 |
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 |
|
|
|
|
|
|
|
51 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Statement of Assets and Liabilities (Unaudited)
|
|
|
|
|
Assets |
|
September 30, 2018 |
|
Unaffiliated investments, at value (identified cost, $2,627,868,075) |
|
$ |
2,599,175,732 |
|
Affiliated investment, at value (identified cost, $44,699,132) |
|
|
44,698,983 |
|
Cash |
|
|
7,958,879 |
|
Deposits for derivatives collateral |
|
|
|
|
Financial futures contracts |
|
|
2,841,512 |
|
Centrally cleared swap contracts |
|
|
580,463 |
|
OTC derivatives |
|
|
1,000,000 |
|
Deposits for reverse repurchase agreements |
|
|
985,555 |
|
Foreign currency, at value (identified cost, $3,938,545) |
|
|
3,934,813 |
|
Interest and dividends receivable |
|
|
21,951,209 |
|
Dividends receivable from affiliated investment |
|
|
51,819 |
|
Receivable for investments sold |
|
|
54,255,675 |
|
Receivable for open forward foreign currency exchange contracts |
|
|
826,883 |
|
Receivable for open swap contracts |
|
|
118,316 |
|
Receivable for closed swap contracts |
|
|
75,559 |
|
Tax reclaims receivable |
|
|
5,333 |
|
Prepaid upfront fees on notes payable |
|
|
123,145 |
|
Prepaid expenses |
|
|
61,437 |
|
Total assets |
|
$ |
2,738,645,313 |
|
|
|
Liabilities |
|
|
|
|
Notes payable |
|
$ |
615,000,000 |
|
Payable for reverse repurchase agreements, including accrued interest of $154,880 |
|
|
159,228,738 |
|
Payable for investments purchased |
|
|
28,027,192 |
|
Payable for when-issued securities |
|
|
11,296,684 |
|
Payable for variation margin on open financial futures contracts |
|
|
111,076 |
|
Payable for variation margin on open centrally cleared swap contracts |
|
|
42,751 |
|
Payable for open forward foreign currency exchange contracts |
|
|
47,798 |
|
Payable for open swap contracts |
|
|
11,348 |
|
Premium received on open non-centrally cleared swap contracts |
|
|
657,571 |
|
Payable to affiliates: |
|
|
|
|
Investment adviser fee |
|
|
1,655,069 |
|
Accrued expenses |
|
|
2,698,464 |
|
Total liabilities |
|
$ |
818,776,691 |
|
Commitments and Contingencies (Note 13) |
|
|
|
|
Auction preferred shares (8,640 shares outstanding) at liquidation value plus cumulative unpaid
dividends |
|
$ |
216,083,715 |
|
Net assets applicable to common shares |
|
$ |
1,703,784,907 |
|
|
|
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 |
|
|
1,831,914,804 |
|
Accumulated loss |
|
|
(129,291,367 |
) |
Net assets applicable to common shares |
|
$ |
1,703,784,907 |
|
|
|
Net Asset Value Per Common Share |
|
|
|
|
($1,703,784,907 ÷ 116,147,018 common shares issued and
outstanding) |
|
$ |
14.67 |
|
|
|
|
|
|
|
|
52 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Statement of Operations (Unaudited)
|
|
|
|
|
Investment Income |
|
Six Months Ended
September 30, 2018 |
|
Interest and other income |
|
$ |
69,555,585 |
|
Dividends |
|
|
913,486 |
|
Dividends from affiliated investment |
|
|
419,961 |
|
Total investment income |
|
$ |
70,889,032 |
|
|
|
Expenses |
|
|
|
|
Investment adviser fee |
|
$ |
10,141,418 |
|
Trustees fees and expenses |
|
|
50,750 |
|
Custodian fee |
|
|
442,590 |
|
Transfer and dividend disbursing agent fees |
|
|
9,451 |
|
Legal and accounting services |
|
|
168,110 |
|
Printing and postage |
|
|
258,993 |
|
Interest expense and fees |
|
|
11,384,123 |
|
Preferred shares service fee |
|
|
150,514 |
|
Miscellaneous |
|
|
100,014 |
|
Total expenses |
|
$ |
22,705,963 |
|
|
|
Net investment income |
|
$ |
48,183,069 |
|
|
|
Realized and Unrealized Gain (Loss) |
|
|
|
|
Net realized gain (loss) |
|
|
|
|
Investment transactions |
|
$ |
(5,131,318 |
) |
Investment transactions affiliated investment |
|
|
16,201 |
|
Financial futures contracts |
|
|
737,805 |
|
Swap contracts |
|
|
(70,966 |
) |
Foreign currency transactions |
|
|
(35,964 |
) |
Forward foreign currency exchange contracts |
|
|
6,776,688 |
|
Net realized gain |
|
$ |
2,292,446 |
|
Change in unrealized appreciation (depreciation) |
|
|
|
|
Investments |
|
$ |
(14,183,257 |
) |
Investments affiliated investment |
|
|
3,414 |
|
Financial futures contracts |
|
|
2,814,605 |
|
Swap contracts |
|
|
(63,130 |
) |
Foreign currency |
|
|
249,167 |
|
Forward foreign currency exchange contracts |
|
|
(64,330 |
) |
Net change in unrealized appreciation (depreciation) |
|
$ |
(11,243,531 |
) |
|
|
Net realized and unrealized loss |
|
$ |
(8,951,085 |
) |
|
|
Distributions to preferred shareholders |
|
|
|
|
From net investment income |
|
$ |
(3,809,402 |
) |
|
|
Discount on redemption and repurchase of auction preferred shares |
|
$ |
4,050,000 |
|
|
|
Net increase in net assets from operations |
|
$ |
39,472,582 |
|
|
|
|
|
|
|
|
53 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Statements of Changes in Net Assets
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Net Assets |
|
Six Months Ended
September 30, 2018
(Unaudited) |
|
|
Year Ended March 31, 2018 |
|
From operations |
|
|
|
|
|
|
|
|
Net investment income |
|
$ |
48,183,069 |
|
|
$ |
93,844,713 |
|
Net realized gain |
|
|
2,292,446 |
|
|
|
538,453 |
|
Net change in unrealized appreciation (depreciation) |
|
|
(11,243,531 |
) |
|
|
(19,638,132 |
) |
Distributions to preferred shareholders |
|
|
|
|
|
|
|
|
From net investment income |
|
|
(3,809,402 |
) |
|
|
(4,960,007 |
) |
Discount on redemption and repurchase of auction preferred shares |
|
|
4,050,000 |
|
|
|
|
|
Net increase in net assets from operations |
|
$ |
39,472,582 |
|
|
$ |
69,785,027 |
|
|
|
|
Distributions to common shareholders(1) |
|
$ |
(48,270,701 |
) |
|
$ |
(95,060,901 |
) |
|
|
|
Tax return of capital to common shareholders |
|
$ |
|
|
|
$ |
(17,276,495 |
) |
|
|
|
Net decrease in net assets |
|
$ |
(8,798,119 |
) |
|
$ |
(42,552,369 |
) |
|
|
|
Net Assets Applicable to Common Shares |
|
|
|
|
|
|
|
|
At beginning of period |
|
$ |
1,712,583,026 |
|
|
$ |
1,755,135,395 |
|
At end of period |
|
$ |
1,703,784,907 |
|
|
$ |
1,712,583,026 |
(2)
|
(1) |
For the year ended March 31, 2018, the source of distributions was from net investment income. |
(2) |
Includes accumulated distributions in excess of net investment income of $(5,545,653) at March 31, 2018. The requirement to disclose the corresponding
amount as of September 30, 2018 was eliminated. |
|
|
|
|
|
|
|
54 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Statement of Cash Flows (Unaudited)
|
|
|
|
|
Cash Flows From Operating Activities |
|
Six Months Ended
September 30, 2018 |
|
Net increase in net assets from operations |
|
$ |
39,472,582 |
|
Distributions to preferred shareholders |
|
|
3,809,402 |
|
Discount on redemption and repurchase of auction preferred shares |
|
|
(4,050,000 |
) |
Net increase in net assets from operations excluding distributions to preferred shareholders |
|
$ |
39,231,984 |
|
Adjustments to reconcile net increase in net assets from operations to net cash provided by operating activities: |
|
|
|
|
Investments purchased |
|
|
(526,659,935 |
) |
Investments sold and principal repayments |
|
|
564,271,879 |
|
Increase in short-term investments, net |
|
|
(20,716,733 |
) |
Net amortization/accretion of premium (discount) |
|
|
5,674,886 |
|
Amortization of prepaid upfront fees on notes payable |
|
|
261,750 |
|
Increase in interest and dividends receivable |
|
|
(460,974 |
) |
Decrease in dividends receivable from affiliated investment |
|
|
17,692 |
|
Decrease in receivable for open forward foreign currency exchange contracts |
|
|
51,518 |
|
Increase in receivable for open swap contracts |
|
|
(3,697 |
) |
Increase in receivable for closed swap contracts |
|
|
(75,559 |
) |
Increase in tax reclaims receivable |
|
|
(3,153 |
) |
Increase in prepaid expenses |
|
|
(5,357 |
) |
Increase in payable for variation margin on open financial futures contracts |
|
|
110,951 |
|
Increase in payable for variation margin on open centrally cleared swap contracts |
|
|
16,481 |
|
Increase in payable for open forward foreign currency exchange contracts |
|
|
12,812 |
|
Increase in payable for open swap contracts |
|
|
10,899 |
|
Increase in premium received on open non-centrally cleared swap contracts |
|
|
366,049 |
|
Decrease in payable to affiliate for investment adviser fee |
|
|
(76,267 |
) |
Increase in accrued expenses |
|
|
246,171 |
|
Increase in accrued interest on reverse repurchase agreements |
|
|
22,087 |
|
Decrease in unfunded loan commitments |
|
|
(957,171 |
) |
Net change in unrealized (appreciation) depreciation from investments |
|
|
14,179,843 |
|
Net realized loss from investments |
|
|
5,115,117 |
|
Net cash provided by operating activities |
|
$ |
80,631,273 |
|
|
|
Cash Flows From Financing Activities |
|
|
|
|
Cash distributions paid to common shareholders |
|
$ |
(48,270,701 |
) |
Cash distributions paid to preferred shareholders |
|
|
(3,835,233 |
) |
Liquidation of auction preferred shares |
|
|
(46,575,000 |
) |
Proceeds from notes payable |
|
|
113,000,000 |
|
Repayments of notes payable |
|
|
(161,000,000 |
) |
Proceeds from reverse repurchase agreements, net |
|
|
47,725,597 |
|
Net cash used in financing activities |
|
$ |
(98,955,337 |
) |
|
|
Net decrease in cash and restricted cash* |
|
$ |
(18,324,064 |
) |
|
|
Cash and restricted cash at beginning of period (including foreign currency) |
|
$ |
35,625,286 |
|
|
|
Cash and restricted cash at end of period (including foreign currency) |
|
$ |
17,301,222 |
|
|
|
Supplemental disclosure of cash flow information: |
|
|
|
|
Cash paid for interest and fees on borrowings and reverse repurchase agreements |
|
$ |
10,929,862 |
|
* |
Includes net change in unrealized appreciation (depreciation) on foreign currency of $(5,179). |
|
|
|
|
|
|
|
55 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
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, 2018 |
|
|
March 31, 2018 |
|
Cash |
|
$ |
7,958,879 |
|
|
$ |
29,511,612 |
|
Deposits for derivatives collateral |
|
|
|
|
|
|
|
|
Financial futures contracts |
|
|
2,841,512 |
|
|
|
1,825,585 |
|
Centrally cleared swap contracts |
|
|
580,463 |
|
|
|
1,364,303 |
|
OTC derivatives |
|
|
1,000,000 |
|
|
|
470,000 |
|
Deposits for reverse repurchase agreements |
|
|
985,555 |
|
|
|
1,422,699 |
|
Foreign currency |
|
|
3,934,813 |
|
|
|
1,031,087 |
|
Total cash and restricted cash as shown in the Statement of Cash Flows |
|
$ |
17,301,222 |
|
|
$ |
35,625,286 |
|
|
|
|
|
|
|
|
56 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Financial Highlights
Selected data for a common share outstanding during the
periods stated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended September 30, 2018 (Unaudited) |
|
|
Year Ended March 31, |
|
|
|
2018 |
|
|
2017 |
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
Net asset value Beginning of period (Common
shares) |
|
$ |
14.740 |
|
|
$ |
15.110 |
|
|
$ |
14.510 |
|
|
$ |
16.010 |
|
|
$ |
16.600 |
|
|
$ |
16.860 |
|
|
|
|
|
|
|
|
Income (Loss) From Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income(1) |
|
$ |
0.415 |
|
|
$ |
0.808 |
|
|
$ |
0.899 |
|
|
$ |
0.979 |
|
|
$ |
1.044 |
|
|
$ |
1.018 |
|
Net realized and unrealized gain (loss) |
|
|
(0.071 |
) |
|
|
(0.168 |
) |
|
|
0.834 |
|
|
|
(1.278 |
) |
|
|
(0.411 |
) |
|
|
(0.055 |
) |
Distributions to preferred shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From net investment income(1) |
|
|
(0.033 |
) |
|
|
(0.043 |
) |
|
|
(0.018 |
) |
|
|
(0.007 |
) |
|
|
(0.003 |
) |
|
|
(0.003 |
) |
Discount on redemption and repurchase of auction preferred shares(1) |
|
|
0.035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income (loss) from operations |
|
$ |
0.346 |
|
|
$ |
0.597 |
|
|
$ |
1.715 |
|
|
$ |
(0.306 |
) |
|
$ |
0.630 |
|
|
$ |
0.960 |
|
|
|
|
|
|
|
|
Less Distributions to Common Shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From net investment income |
|
$ |
(0.416 |
) |
|
$ |
(0.818 |
) |
|
$ |
(0.991 |
) |
|
$ |
(1.114 |
) |
|
$ |
(1.197 |
) |
|
$ |
(1.178 |
) |
Tax return of capital |
|
|
|
|
|
|
(0.149 |
) |
|
|
(0.124 |
) |
|
|
(0.106 |
) |
|
|
(0.023 |
) |
|
|
(0.042 |
) |
|
|
|
|
|
|
|
Total distributions to common shareholders |
|
$ |
(0.416 |
) |
|
$ |
(0.967 |
) |
|
$ |
(1.115 |
) |
|
$ |
(1.220 |
) |
|
$ |
(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) |
|
$ |
14.670 |
|
|
$ |
14.740 |
|
|
$ |
15.110 |
|
|
$ |
14.510 |
|
|
$ |
16.010 |
|
|
$ |
16.600 |
|
|
|
|
|
|
|
|
Market value End of period (Common shares) |
|
$ |
12.680 |
|
|
$ |
13.020 |
|
|
$ |
13.830 |
|
|
$ |
13.180 |
|
|
$ |
14.390 |
|
|
$ |
15.250 |
|
|
|
|
|
|
|
|
Total Investment Return on Net Asset Value(2) |
|
|
2.74 |
%(3)(4)
|
|
|
4.72 |
% |
|
|
12.99 |
% |
|
|
(0.62 |
)% |
|
|
4.73 |
% |
|
|
6.50 |
% |
|
|
|
|
|
|
|
Total Investment Return on Market Value(2) |
|
|
0.60 |
%(3) |
|
|
0.99 |
% |
|
|
13.85 |
% |
|
|
0.44 |
% |
|
|
2.47 |
% |
|
|
(3.53 |
)% |
|
|
|
|
|
|
|
57 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Financial Highlights continued
Selected data for a common share outstanding during the
periods stated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended September 30, 2018 (Unaudited) |
|
|
Year Ended March 31, |
|
Ratios/Supplemental Data |
|
2018 |
|
|
2017 |
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
Net assets applicable to common shares, end of period (000s omitted) |
|
$ |
1,703,785 |
|
|
$ |
1,712,583 |
|
|
$ |
1,755,135 |
|
|
$ |
1,685,016 |
|
|
$ |
1,881,988 |
|
|
$ |
1,950,819 |
|
Ratios (as a percentage of average daily net assets applicable to common shares):(5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses excluding interest and fees(6) |
|
|
1.33 |
%(7) |
|
|
1.30 |
% |
|
|
1.32 |
% |
|
|
1.37 |
% |
|
|
1.35 |
% |
|
|
1.27 |
% |
Interest and fee expense(8) |
|
|
1.34 |
%(7) |
|
|
1.00 |
% |
|
|
0.73 |
% |
|
|
0.63 |
% |
|
|
0.54 |
% |
|
|
0.44 |
% |
Total expenses(6) |
|
|
2.67 |
%(7) |
|
|
2.30 |
% |
|
|
2.05 |
% |
|
|
2.00 |
% |
|
|
1.89 |
% |
|
|
1.71 |
% |
Net investment income |
|
|
5.66 |
%(7) |
|
|
5.36 |
% |
|
|
6.01 |
% |
|
|
6.49 |
% |
|
|
6.44 |
% |
|
|
6.16 |
% |
Portfolio Turnover |
|
|
20 |
%(3) |
|
|
43 |
% |
|
|
45 |
% |
|
|
33 |
% |
|
|
35 |
% |
|
|
37 |
% |
Senior Securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total notes payable outstanding (in 000s) |
|
$ |
615,000 |
|
|
$ |
663,000 |
|
|
$ |
585,000 |
|
|
$ |
660,000 |
|
|
$ |
803,200 |
|
|
$ |
828,200 |
|
Asset coverage per $1,000 of notes payable(9) |
|
$ |
4,122 |
|
|
$ |
3,985 |
|
|
$ |
4,456 |
|
|
$ |
3,957 |
|
|
$ |
3,675 |
|
|
$ |
3,677 |
|
Total preferred shares outstanding |
|
|
8,640 |
|
|
|
10,665 |
|
|
|
10,665 |
|
|
|
10,665 |
|
|
|
10,665 |
|
|
|
10,665 |
|
Asset coverage per preferred share(10) |
|
$ |
76,260 |
|
|
$ |
71,059 |
|
|
$ |
76,524 |
|
|
$ |
70,461 |
|
|
$ |
68,979 |
|
|
$ |
69,546 |
|
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 Funds 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 APS at 92% of the per share
liquidation preference. Absent this transaction, the total return based on net asset value would have been 2.50%. |
(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 Funds APS (see Note 9), and the reverse
repurchase agreements (see Note 10). |
(9) |
Calculated by subtracting the Funds total liabilities (not including the notes payable and preferred shares) from the Funds total assets, and
dividing the result by the notes payable balance in thousands. |
(10) |
Calculated by subtracting the Funds total liabilities (not including the notes payable and preferred shares) from the Funds 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 305%, 284%, 306%, 282%, 276% and 278% at
September 30, 2018 and March 31, 2018, 2017, 2016, 2015 and 2014, 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, 2018 (Unaudited) |
|
|
Year Ended March 31, |
|
|
|
2018 |
|
|
2017 |
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
Expenses excluding interest and fees |
|
|
0.87 |
% |
|
|
0.87 |
% |
|
|
0.87 |
% |
|
|
0.88 |
% |
|
|
0.86 |
% |
|
|
0.86 |
% |
Interest and fee expense |
|
|
0.88 |
% |
|
|
0.67 |
% |
|
|
0.49 |
% |
|
|
0.40 |
% |
|
|
0.34 |
% |
|
|
0.30 |
% |
Total expenses |
|
|
1.75 |
% |
|
|
1.54 |
% |
|
|
1.36 |
% |
|
|
1.28 |
% |
|
|
1.20 |
% |
|
|
1.16 |
% |
Net investment income |
|
|
3.72 |
% |
|
|
3.58 |
% |
|
|
3.99 |
% |
|
|
4.15 |
% |
|
|
4.10 |
% |
|
|
4.16 |
% |
|
|
|
|
|
|
|
58 |
|
See Notes to Financial Statements. |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
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 Funds 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 borrowers 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 borrowers 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 advisers 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 asked 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
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 asked 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 asked 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 asked 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 Funds 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 Funds Trustees have approved
the use of a fair value service that values such securities to reflect 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.
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Notes to Financial Statements (Unaudited) continued
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 fairly reflects the securitys value, or 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 securitys
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 companys or entitys financial condition, 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 Funds 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, 2018, 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 borrowers discretion. These commitments are disclosed in the accompanying Portfolio of Investments. At September 30, 2018, 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 Funds 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 Funds 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 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 Funds 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, 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.
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Notes to Financial Statements (Unaudited) continued
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. Risks may arise upon entering these 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.
K Interest Rate Swaps Swap contracts are
privately negotiated agreements between the Fund and a counterparty. Certain swap contracts may be centrally cleared (centrally cleared swaps), 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 swaps, 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.
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 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, if any, are amortized over the life of the swap contract as realized gains or losses. Those upfront payments that are paid or received, typically for non-centrally cleared swaps, are recorded
as other assets or other liabilities, respectively, net of amortization. For financial reporting purposes, unamortized upfront payments, 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 12. 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 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 Funds assets.
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Notes to Financial Statements (Unaudited) continued
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, 2018 and for the six months then ended have not been audited by an independent registered public
accounting firm, but in the opinion of the Funds management, reflect all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of the financial statements.
Q New Accounting Pronouncement During the six months ended September 30, 2018, the
Fund adopted the FASBs Accounting Standards Update No. 2016-18 Statement of Cash Flows (Topic 230), Restricted Cash, a consensus of the FASBs Emerging Issues Task Force (ASU 2016-18), which became effective for fiscal years
beginning after December 15, 2017 and interim periods within those fiscal years. Pursuant to the new standard, the Fund is required to include amounts described as restricted cash and restricted cash equivalents with cash and cash equivalents when
reconciling the beginning-of-period and end-of-period total amounts shown on the Statement of Cash Flows. Prior to the change, such amounts were disclosed separately within the Statement of Cash Flows. This change in accounting had no impact on the
Funds net assets.
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.
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 September 14, 2018. The number of APS redeemed pursuant to the tender offer and the redemption amount (excluding the
final dividend payment) during the six months ended September 30, 2018 and the number of APS issued and outstanding are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
APS Redeemed During the Period |
|
|
Redemption Amount |
|
|
APS Issued and Outstanding |
|
|
|
|
|
Series A |
|
|
405 |
|
|
$ |
9,315,000 |
|
|
|
1,728 |
|
Series B |
|
|
405 |
|
|
|
9,315,000 |
|
|
|
1,728 |
|
Series C |
|
|
405 |
|
|
|
9,315,000 |
|
|
|
1,728 |
|
Series D |
|
|
405 |
|
|
|
9,315,000 |
|
|
|
1,728 |
|
Series E |
|
|
405 |
|
|
|
9,315,000 |
|
|
|
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 Funds 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%.
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Notes to Financial Statements (Unaudited) continued
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
(reduced by available capital loss carryforwards from prior years). 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, 2018, 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, 2018 |
|
|
Dividends Accrued to APS Shareholders |
|
|
Average APS Dividend Rates |
|
|
Dividend Rate Ranges (%) |
|
|
|
|
|
|
Series A |
|
|
3.07 |
% |
|
$ |
759,972 |
|
|
|
2.89 |
% |
|
|
2.603.10 |
|
Series B |
|
|
3.08 |
|
|
|
762,288 |
|
|
|
2.90 |
|
|
|
2.603.08 |
|
Series C |
|
|
3.08 |
|
|
|
767,869 |
|
|
|
2.92 |
|
|
|
2.693.10 |
|
Series D |
|
|
3.08 |
|
|
|
757,304 |
|
|
|
2.88 |
|
|
|
2.573.08 |
|
Series E |
|
|
3.07 |
|
|
|
761,969 |
|
|
|
2.90 |
|
|
|
2.603.08 |
|
Beginning February 13, 2008 and consistent with the patterns in the broader market for auction-rate securities, the Funds
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, 2018.
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.
Distributions
in any year may include a return of capital component. For the six months ended September 30, 2018, the amount of distributions estimated to be a tax return of capital was approximately $1,312,000. The final determination of tax characteristics
of the Funds distributions will occur at the end of the year, at which time it will be reported to the shareholders.
At March 31, 2018, the
Fund, for federal income tax purposes, had capital loss carryforwards of $21,436,361 and deferred capital losses of $66,869,620 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 capital loss
carryforwards will expire on March 31, 2019 and their character is short-term. Under tax regulations, capital losses incurred in taxable years beginning after December 2010 are considered deferred capital losses and are treated as arising on
the first day of the Funds next taxable year, retaining the same short-term or long-term character as when originally deferred. Deferred capital losses are required to be used prior to capital loss carryforwards, which carry an expiration
date. As a result of this ordering rule, capital loss carryforwards may be more likely to expire unused. Of the deferred capital losses at March 31, 2018, $66,869,620 are long-term.
The cost and unrealized appreciation (depreciation) of investments, including open derivative contracts, of the Fund at September 30, 2018, as determined on a federal income tax basis, were as follows:
|
|
|
|
|
|
|
Aggregate cost |
|
$ |
2,686,370,213 |
|
|
|
Gross unrealized appreciation |
|
$ |
37,628,997 |
|
Gross unrealized depreciation |
|
|
(76,503,654 |
) |
|
|
Net unrealized depreciation |
|
$ |
(39,276,224 |
) |
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 Funds 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, 2018, the
Funds investment adviser fee amounted to $10,141,418. 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.
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Notes to Financial Statements (Unaudited) continued
Trustees and officers of the Fund who are members of EVMs 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, 2018, 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, 2018 were as follows:
|
|
|
|
|
|
|
|
|
|
|
Purchases |
|
|
Sales |
|
|
|
|
Investments (non-U.S. Government) |
|
$ |
341,325,594 |
|
|
$ |
396,542,511 |
|
U.S. Government and Agency Securities |
|
|
186,440,345 |
|
|
|
217,737,750 |
|
|
|
|
|
|
$ |
527,765,939 |
|
|
$ |
614,280,261 |
|
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, 2018 and the year ended March 31, 2018.
On November 11, 2013, the Board of Trustees of the Fund authorized the repurchase by the Fund of up to 10% of its then currently outstanding
common shares 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. There were no repurchases of common shares by the Fund for the six months ended
September 30, 2018 and the year ended March 31, 2018.
7 Restricted Securities
At September 30, 2018, 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 (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 |
|
|
$ |
33,064 |
|
|
|
|
|
|
Convertible Preferred Stocks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Point Energy Holdings, Inc., Series A, 12.00% |
|
|
5/26/17 |
|
|
|
555 |
|
|
$ |
555,000 |
|
|
$ |
814,723 |
|
|
|
|
|
|
Total Restricted Securities |
|
|
|
|
|
|
|
|
|
$ |
1,925,397 |
|
|
$ |
847,787 |
|
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, 2018 is included in the Portfolio of Investments. At September 30, 2018, the Fund had sufficient cash and/or securities to
cover commitments under these contracts.
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Notes to Financial Statements (Unaudited) continued
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 Funds 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, 2018, the fair value of derivatives with credit-related contingent features in a net liability position was
$598,401. The aggregate fair value of assets pledged as collateral by the Fund for such liability was $1,000,000 at September 30, 2018.
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 Funds 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 Funds 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 such in the Portfolio of Investments.
The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) by risk exposure at September 30, 2018 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value |
|
Statement of Assets and Liabilities Caption |
|
Credit |
|
|
Foreign Exchange |
|
|
Interest Rate |
|
|
Total |
|
|
|
|
|
|
Accumulated loss* |
|
$ |
|
|
|
$ |
|
|
|
$ |
2,736,799 |
|
|
$ |
2,736,799 |
|
Receivable for open forward foreign currency exchange contracts |
|
|
|
|
|
|
826,883 |
|
|
|
|
|
|
|
826,883 |
|
|
|
|
|
|
Total Asset Derivatives |
|
$ |
|
|
|
$ |
826,883 |
|
|
$ |
2,736,799 |
|
|
$ |
3,563,682 |
|
|
|
|
|
|
Derivatives not subject to master netting or similar agreements |
|
$ |
|
|
|
$ |
|
|
|
$ |
2,736,799 |
|
|
$ |
2,736,799 |
|
|
|
|
|
|
Total Asset Derivatives subject to master netting or similar agreements |
|
$ |
|
|
|
$ |
826,883 |
|
|
$ |
|
|
|
$ |
826,883 |
|
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Notes to Financial Statements (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit |
|
|
Foreign Exchange |
|
|
Interest Rate |
|
|
Total |
|
|
|
|
|
|
Accumulated loss* |
|
$ |
|
|
|
$ |
|
|
|
$ |
(403,578 |
) |
|
$ |
(403,578 |
) |
Payable for open forward foreign currency exchange contracts |
|
|
|
|
|
|
(47,798 |
) |
|
|
|
|
|
|
(47,798 |
) |
Payable/receivable for open swap contracts; Premium received on open non-centrally cleared swap
contracts |
|
|
(550,603 |
) |
|
|
|
|
|
|
|
|
|
|
(550,603 |
) |
|
|
|
|
|
Total Liability Derivatives |
|
$ |
(550,603 |
) |
|
$ |
(47,798 |
) |
|
$ |
(403,578 |
) |
|
$ |
(1,001,979 |
) |
|
|
|
|
|
Derivatives not subject to master netting or similar agreements |
|
$ |
|
|
|
$ |
|
|
|
$ |
(403,578 |
) |
|
$ |
(403,578 |
) |
|
|
|
|
|
Total Liability Derivatives subject to master netting or similar agreements |
|
$ |
(550,603 |
) |
|
$ |
(47,798 |
) |
|
$ |
|
|
|
$ |
(598,401 |
) |
* |
For futures contracts and centrally cleared swap contracts, amount represents value as shown in the Portfolio of Investments. Only the current
days variation margin on open futures contracts and centrally cleared swap contracts is reported within the Statement of Assets and Liabilities as Receivable or Payable for variation margin on open financial futures contracts and centrally
cleared swap contracts, as applicable. |
The Funds 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 Funds 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, 2018.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
Deutsche Bank AG |
|
$ |
60,545 |
|
|
$ |
(60,545 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
Goldman Sachs International |
|
|
420,755 |
|
|
|
(176,878 |
) |
|
|
|
|
|
|
|
|
|
|
243,877 |
|
|
|
|
|
JPMorgan Chase Bank, N.A. |
|
|
30,092 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,092 |
|
|
|
|
|
State Street Bank and Trust Company |
|
|
315,491 |
|
|
|
(23,821 |
) |
|
|
|
|
|
|
|
|
|
|
291,670 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
826,883 |
|
|
$ |
(261,244 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
565,639 |
|
|
$ |
|
|
|
|
|
|
|
|
|
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. |
|
$ |
(299,915 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
260,000 |
|
|
$ |
(39,915 |
) |
|
$ |
260,000 |
|
Deutsche Bank AG |
|
|
(94,819 |
) |
|
|
60,545 |
|
|
|
|
|
|
|
|
|
|
|
(34,274 |
) |
|
|
|
|
Goldman Sachs International |
|
|
(176,878 |
) |
|
|
176,878 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
450,000 |
|
HSBC Bank USA, N.A. |
|
|
(2,968 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2,968 |
) |
|
|
|
|
State Street Bank and Trust Company |
|
|
(23,821 |
) |
|
|
23,821 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
290,000 |
|
|
|
|
|
|
|
|
|
|
$ |
(598,401 |
) |
|
$ |
261,244 |
|
|
$ |
|
|
|
$ |
260,000 |
|
|
$ |
(77,157 |
) |
|
$ |
1,000,000 |
|
|
|
|
|
Total Deposits for derivatives collateral OTC
derivatives |
|
|
|
|
|
|
|
|
|
|
$ |
1,000,000 |
|
(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, 2018 is included at Note 10.
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Notes to Financial Statements (Unaudited) continued
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, 2018
was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
Statement of Operations Caption |
|
Credit |
|
|
Foreign Exchange |
|
|
Interest Rate |
|
|
|
|
|
Net realized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
Financial futures contracts |
|
$ |
|
|
|
$ |
|
|
|
$ |
737,805 |
|
Swap contracts |
|
|
(458,150 |
) |
|
|
|
|
|
|
387,184 |
|
Forward foreign currency exchange contracts |
|
|
|
|
|
|
6,776,688 |
|
|
|
|
|
|
|
|
|
Total |
|
$ |
(458,150 |
) |
|
$ |
6,776,688 |
|
|
$ |
1,124,989 |
|
|
|
|
|
Change in unrealized appreciation (depreciation) |
|
|
|
|
|
|
|
|
|
|
|
|
Financial futures contracts |
|
$ |
|
|
|
$ |
|
|
|
$ |
2,814,605 |
|
Swap contracts |
|
|
(12,067 |
) |
|
|
|
|
|
|
(51,063 |
) |
Forward foreign currency exchange contracts |
|
|
|
|
|
|
(64,330 |
) |
|
|
|
|
|
|
|
|
Total |
|
$ |
(12,067 |
) |
|
$ |
(64,330 |
) |
|
$ |
2,763,542 |
|
The average notional cost of futures contracts and average notional amounts of other derivative contracts outstanding during the six
months ended September 30, 2018, 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 |
|
|
|
|
|
|
$32,820,000 |
|
|
$ |
340,537,000 |
|
|
$ |
104,847,000 |
|
|
$ |
46,583,000 |
|
* |
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. |
9 Credit Agreement
The Fund has entered into a Credit Agreement (the Agreement) with major financial institutions to borrow up to $900 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 21, 2018, the Fund pays a facility fee of 0.25% (0.35% if the Funds outstanding
borrowings are less than 65% of the borrowing limit) per annum on the borrowing limit. The Fund also paid an upfront fee of $1,620,000, which is being amortized to interest expense over a period of three years through December 2018. The unamortized
balance at September 30, 2018 is approximately $123,000 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, 2018, the Fund had borrowings outstanding under the Agreement of $615,000,000 at an interest rate of 2.99%. 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, 2018 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 12) at September 30,
2018. Facility fees for the six months ended September 30, 2018 totaled $1,166,250 and are included in interest expense and fees on the Statement of Operations. For the six months ended September 30, 2018, the average borrowings under the
Agreement and the average annual interest rate (excluding fees) were $620,158,470 and 2.82%, respectively.
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Notes to Financial Statements (Unaudited) continued
10 Reverse Repurchase Agreements
Reverse repurchase agreements outstanding as of
September 30, 2018 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Trade Date |
|
|
Maturity Date |
|
|
Interest Rate |
|
|
Principal Amount |
|
|
Value Including Accrued Interest |
|
|
U.S. Treasury and Agency Securities Pledged as Collateral |
|
|
|
|
|
|
|
|
Bank of America |
|
|
9/12/18 |
|
|
|
10/12/18 |
|
|
|
2.34 |
% |
|
$ |
28,008,435 |
|
|
$ |
28,041,205 |
|
|
$ |
28,732,980 |
|
Bank of America |
|
|
9/12/18 |
|
|
|
10/12/18 |
|
|
|
2.38 |
|
|
|
41,457,783 |
|
|
|
41,507,118 |
|
|
|
43,698,678 |
|
Federal Reserve Bank of Boston |
|
|
8/30/18 |
|
|
|
10/1/18 |
|
|
|
2.14 |
|
|
|
45,342,854 |
|
|
|
45,415,629 |
|
|
|
46,350,546 |
|
Federal Reserve Bank of Boston |
|
|
9/26/18 |
|
|
|
10/12/18 |
|
|
|
2.35 |
|
|
|
44,264,786 |
|
|
|
44,264,786 |
|
|
|
|
(1) |
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
159,073,858 |
|
|
$ |
159,228,738 |
|
|
$ |
118,782,204 |
|
(1) |
Collateral will be pledged upon the settlement of the reverse repurchase agreement. |
The Fund also pledged cash of $165,555 and $820,000 to Bank of America and Federal Reserve Bank of Boston, respectively, as additional collateral for its reverse repurchase agreements. At September 30, 2018,
the remaining contractual maturity of all reverse repurchase agreements was less than 30 days.
For the six months ended September 30, 2018, the
average borrowings under settled reverse repurchase agreements and the average annual interest rate were $109,247,467 and 2.12%, 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, 2018, 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, 2018. 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 12) at September 30, 2018.
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.
12 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 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.
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Notes to Financial Statements (Unaudited) continued
At September 30, 2018, 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 |
|
|
|
|
|
|
Senior Floating-Rate Loans (Less Unfunded Loan Commitments) |
|
$ |
|
|
|
$ |
906,921,467 |
|
|
$ |
3,472,160 |
|
|
$ |
910,393,627 |
|
Corporate Bonds & Notes |
|
|
|
|
|
|
837,001,184 |
|
|
|
|
|
|
|
837,001,184 |
|
Foreign Corporate Bonds |
|
|
|
|
|
|
1,556,156 |
|
|
|
|
|
|
|
1,556,156 |
|
Foreign Government Securities |
|
|
|
|
|
|
85,289,590 |
|
|
|
|
|
|
|
85,289,590 |
|
Sovereign Loans |
|
|
|
|
|
|
7,879,443 |
|
|
|
|
|
|
|
7,879,443 |
|
Mortgage Pass-Throughs |
|
|
|
|
|
|
169,479,971 |
|
|
|
|
|
|
|
169,479,971 |
|
Collateralized Mortgage Obligations |
|
|
|
|
|
|
416,012,257 |
|
|
|
|
|
|
|
416,012,257 |
|
Commercial Mortgage-Backed Securities |
|
|
|
|
|
|
90,046,674 |
|
|
|
|
|
|
|
90,046,674 |
|
Asset-Backed Securities |
|
|
|
|
|
|
42,813,256 |
|
|
|
|
|
|
|
42,813,256 |
|
Common Stocks |
|
|
862,916 |
|
|
|
6,311,666 |
|
|
|
7,509,719 |
|
|
|
14,684,301 |
|
Convertible Bonds |
|
|
|
|
|
|
225,383 |
|
|
|
|
|
|
|
225,383 |
|
Convertible Preferred Stocks |
|
|
|
|
|
|
|
|
|
|
814,723 |
|
|
|
814,723 |
|
Preferred Stocks |
|
|
683,235 |
|
|
|
|
|
|
|
|
|
|
|
683,235 |
|
Closed-End Funds |
|
|
21,796,216 |
|
|
|
|
|
|
|
|
|
|
|
21,796,216 |
|
Miscellaneous |
|
|
|
|
|
|
|
|
|
|
0 |
|
|
|
0 |
|
Short-Term Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Obligations |
|
|
|
|
|
|
499,716 |
|
|
|
|
|
|
|
499,716 |
|
Other |
|
|
|
|
|
|
44,698,983 |
|
|
|
|
|
|
|
44,698,983 |
|
|
|
|
|
|
Total Investments |
|
$ |
23,342,367 |
|
|
$ |
2,608,735,746 |
|
|
$ |
11,796,602 |
|
|
$ |
2,643,874,715 |
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts |
|
$ |
|
|
|
$ |
826,883 |
|
|
$ |
|
|
|
$ |
826,883 |
|
Futures Contracts |
|
|
2,331,993 |
|
|
|
|
|
|
|
|
|
|
|
2,331,993 |
|
Swap Contracts |
|
|
|
|
|
|
404,806 |
|
|
|
|
|
|
|
404,806 |
|
|
|
|
|
|
Total |
|
$ |
25,674,360 |
|
|
$ |
2,609,967,435 |
|
|
$ |
11,796,602 |
|
|
$ |
2,647,438,397 |
|
|
|
|
|
|
Liability Description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts |
|
$ |
|
|
|
$ |
(47,798 |
) |
|
$ |
|
|
|
$ |
(47,798 |
) |
Futures Contracts |
|
|
(353,906 |
) |
|
|
|
|
|
|
|
|
|
|
(353,906 |
) |
Swap Contracts |
|
|
|
|
|
|
(600,275 |
) |
|
|
|
|
|
|
(600,275 |
) |
|
|
|
|
|
Total |
|
$ |
(353,906 |
) |
|
$ |
(648,073 |
) |
|
$ |
|
|
|
$ |
(1,001,979 |
) |
* |
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, 2018 is not presented.
13 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 GMs bankruptcy filing
in June 2009. The AAT is seeking (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 GMs unsecured creditors, (2) disgorgement of any interest payments made to the Term Loan Lenders within ninety days of GMs 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 is approximately $4,460,000 (equal to 0.26% of net assets applicable to
common shares at September 30, 2018). The Fund cannot predict the outcome of these proceedings or the effect, if any, on the Funds net asset value. The attorneys fees and costs related to these actions are expensed by the Fund as
incurred.
Eaton Vance
Limited Duration Income Fund
September 30, 2018
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 each investment advisory agreement between a fund and its investment adviser will continue in effect from year to year only if its continuation is approved at least annually by the funds
board of trustees, including by a vote of 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 of the Boards of Trustees (each a Board) of the registered investment companies advised by either Eaton Vance Management or its
affiliate, Boston Management and Research, (the Eaton Vance Funds) held on April 24, 2018, the Board, including a majority of the Independent Trustees, voted to approve continuation of existing investment advisory and sub-advisory
agreements for 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 comprised exclusively of Independent
Trustees. Prior to making its recommendation, the Contract Review Committee reviewed information furnished by each adviser to the Eaton Vance Funds (including information specifically requested by the Board) for a series of meetings of the Contract
Review Committee held between February and April 2018. The Contract Review Committee also considered information received at prior meetings of the Board and its committees, as relevant to its annual evaluation of the investment advisory and
sub-advisory agreements.
The information that the Board considered included, among other things, the following (for funds that invest through one or
more underlying portfolio(s), references to each fund in this section may include information that was considered at the portfolio-level):
Information about Fees, Performance and Expenses
|
|
A report from an independent data provider comparing the advisory and related fees paid by each fund with fees paid by comparable funds as identified by the
independent data provider (comparable funds); |
|
|
A report from an independent data provider comparing each funds total expense ratio and its components to comparable funds; |
|
|
A report from an independent data provider comparing the investment performance of each fund (including, where relevant, yield data, Sharpe ratios and
information ratios) to the investment performance of comparable funds over various time periods; |
|
|
Data regarding investment performance in comparison to benchmark indices, as well as customized groups of peer funds and blended indices identified by the
adviser in consultation with the Board; |
|
|
For each fund, comparative information concerning the fees charged and the services provided by each adviser in managing other accounts (including mutual funds,
other collective investment funds and institutional accounts) using investment strategies and techniques similar to those used in managing such fund; |
|
|
Profitability analyses for each adviser with respect to each fund; |
Information about Portfolio Management and Trading
|
|
Descriptions of the investment management services provided to each fund, including the funds investment strategies and policies;
|
|
|
The procedures and processes used to determine the fair value of fund assets and actions taken to monitor and test the effectiveness of such procedures and
processes; |
|
|
Information about each advisers policies and practices with respect to trading, including each advisers processes for monitoring best execution of
portfolio transactions; |
|
|
Information about the allocation of brokerage transactions and the benefits received by each adviser as a result of brokerage allocation, including information
concerning the acquisition of research through client commission arrangements and policies with respect to soft dollars; |
|
|
Data relating to portfolio turnover rates of each fund; |
Information about each Adviser
|
|
Reports detailing the financial results and condition of each adviser; |
|
|
Descriptions of the qualifications, education and experience of the individual investment professionals whose responsibilities include portfolio management and
investment research for the funds, and information relating to their responsibilities with respect to managing other mutual funds and investment accounts; |
|
|
The Code of Ethics of each adviser and its affiliates, together with information relating to compliance with and the administration of such codes;
|
|
|
Policies and procedures relating to proxy voting and the handling of corporate actions and class actions; |
|
|
Information concerning the resources devoted to compliance efforts undertaken by each adviser and its affiliates (including descriptions of various compliance
programs) and their record of compliance; |
|
|
Information concerning the business continuity and disaster recovery plans of each adviser and its affiliates; |
|
|
A description of Eaton Vance Managements procedures for overseeing third party advisers and sub-advisers, including with respect to regulatory and
compliance issues, investment management and other matters; |
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Board of Trustees Contract Approval continued
Other Relevant Information
|
|
Information concerning the nature, cost and character of the administrative and other non-investment advisory services provided by Eaton Vance Management and its
affiliates; |
|
|
Information concerning management of the relationship with the custodian, subcustodians and fund accountants by each adviser or the funds administrator;
and |
|
|
The terms of each investment advisory agreement. |
Over the course of the twelve-month period ended April 30, 2018, with respect to one or more funds, the Board met seven times and the Contract Review
Committee, the Audit Committee, the Governance Committee, the Portfolio Management Committee and the Compliance Reports and Regulatory Matters Committee, each of which is a Committee comprised solely of Independent Trustees, met seven, thirteen,
six, eight and nine times, respectively. At such meetings, the Trustees participated in investment and performance reviews with the portfolio managers and other investment professionals of each investment adviser relating to each fund, and
considered various investment and trading strategies used in pursuing each funds investment objective, such as the use of derivative instruments, as well as risk management techniques. The Board and its Committees also 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 and other fund
advisers with respect to such matters. In addition to the formal meetings of the Board and its Committees, the Independent Trustees hold regular teleconferences in between meetings to discuss, among other topics, matters relating to the continuation
of investment advisory and sub-advisory agreements.
For funds that invest through one or more underlying portfolios, the Board considered similar
information about the portfolio(s) when considering the approval of investment advisory agreements. In addition, in cases where the funds investment adviser has engaged a sub-adviser, the Board considered similar information about the
sub-adviser when considering the approval of any sub-advisory agreement.
The Contract Review Committee was assisted throughout the contract review
process by Goodwin Procter LLP, independent legal counsel for the Independent Trustees. The members of the Contract Review Committee relied upon the advice of such counsel and their own business judgment in determining the material factors to be
considered in evaluating each investment advisory and sub-advisory agreement and the weight to be given to each such factor. The conclusions reached with respect to each investment advisory and sub-advisory agreement 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 and
sub-advisory agreement. In evaluating each investment advisory and sub-advisory agreement, including the specific fee structures and other terms of the agreements, the Contract Review Committee was informed by multiple years of analysis and
discussion among the Independent Trustees and the Eaton Vance Funds advisers and sub-advisers.
Results of the Process
Based on its consideration of the foregoing, and such other information as it deemed relevant, including the factors and conclusions described below, the Contract
Review Committee concluded that the continuation of the investment advisory agreement of Eaton Vance Limited Duration Income Fund (the Fund) with Eaton Vance Management (the Adviser), including its fee structure, is in the
interests of shareholders and, therefore, the Contract Review Committee recommended to the Board approval of the agreement. The Board accepted the recommendation of the Contract Review Committee based on the material factors considered and
conclusions reached by the Contract Review Committee with respect to the agreement. Accordingly, 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 of the Fund, the Board evaluated the nature, extent and quality of services provided to the Fund
by the Adviser.
The Board considered the Advisers management capabilities and investment process with respect to the types of investments held by
the Fund, including the education, experience and number of its 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 Advisers investment professionals in analyzing factors such as credit risk and special considerations relevant to investing in senior secured floating rate loans, mortgage-backed securities and high-yield bonds. 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, as well as the compensation methods of the Adviser and other factors,
such as 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 compliance programs of the Adviser and relevant affiliates thereof. Among other matters, the Board considered compliance and reporting matters relating to personal trading by investment professionals, selective disclosure of portfolio
holdings, late trading, frequent trading, portfolio
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Board of Trustees Contract Approval continued
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 shareholder and other administrative
services provided or managed 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 Funds investment performance to that of comparable
funds and appropriate benchmark indices, as well as a customized peer group of similarly managed funds. The Boards review included comparative performance data for the one-, three-, five- and ten-year periods ended September 30, 2017 for
the Fund. In this regard, the Board noted that the performance of the Fund was higher than the median performance of the Funds custom peer group and lower than the median performance of the Funds peer group for the three-year period. 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 Funds management fees and total expense ratio for the one year period ended September 30, 2017, 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 Fund expense ratios 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 Other
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 services. The Board also considered other direct or indirect fall-out benefits received by the Adviser and its affiliates in connection with their 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.
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.
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 any benefits from economies of scale. The Board also considered the fact that the Fund is not continuously offered and that the Funds assets are not expected to increase
materially in the foreseeable future. The Board concluded that, in light of the level of the Advisers profits with respect to the Fund, the implementation of breakpoints in the advisory fee schedule is not warranted at this time.
Eaton Vance
Limited Duration Income Fund
September 30, 2018
Officers and Trustees
Officers of Eaton Vance Limited Duration Income Fund
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 of Eaton Vance Limited Duration Income Fund
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(1)
Marcus L. Smith(1)
Susan J. Sutherland
Harriett Tee Taggart
Scott E. Wennerholm
(1) |
Messrs. Quinton and Smith began serving as Trustees effective October 1, 2018. |
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:
|
|
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. |
|
|
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 customers account, Eaton Vance may share information with unaffiliated third parties that perform various required services such as transfer agents, custodians and
broker-dealers. |
|
|
Policies and procedures (including physical, electronic and procedural safeguards) are in place that are designed to protect the confidentiality of such
information. |
|
|
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 Managements 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 customers account (i.e., fund shares) is held in the name of a third-party financial advisor/broker-dealer, it is likely that only such advisors privacy policies apply to the customer. This notice supersedes all previously
issued privacy disclosures. For more information about Eaton Vances 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 advisor, may household the mailing of your documents indefinitely unless you instruct AST, or your
financial advisor, otherwise. If you would prefer that your Eaton Vance documents not be householded, please contact AST or your financial advisor. 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 advisor.
Portfolio Holdings. Each Eaton Vance Fund and its underlying Portfolio(s) (if applicable) will file a schedule of portfolio holdings on Form N-Q with the SEC for the first and third quarters of each fiscal year. The Form
N-Q 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 SECs website at www.sec.gov. Form N-Q may also be reviewed and copied at the SECs public
reference room in Washington, D.C. (call 1-800-732-0330 for information on the operation of the public reference room).
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 SECs website at www.sec.gov.
Share Repurchase Program. The Funds Board of Trustees has approved a share
repurchase program authorizing the Fund to repurchase up to 10% of its outstanding common shares as of the approved date 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 Funds repurchase activity, including the number of shares purchased, average price and average discount to net asset value, is disclosed in the Funds 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.
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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 9.30.18
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 registrants principal executive officer and principal financial officer that the effectiveness of the
registrants 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 Commissions rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to
the registrants principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.
(b)
There have been no changes in the registrants internal controls over financial reporting during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the
registrants internal control over financial reporting.
Item 12. Disclosure of Securities Lending Activities for
Closed-End Management Investment Companies
Not applicable.
Item 13. Exhibits
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(a)(1) |
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Registrants Code of Ethics Not applicable (please see Item 2). |
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(a)(2)(i) |
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Treasurers Section 302 certification. |
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(a)(2)(ii) |
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Presidents 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 26, 2018 |
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 26, 2018 |
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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 26, 2018 |