Eaton Vance
Municipal Bond Fund
June 30, 2023
Portfolio of Investments (Unaudited)
Corporate Bonds — 1.1% |
Security | Principal Amount (000's omitted) | Value | |
Hospital — 1.1% | |||
Montefiore Obligated Group, 4.287%, 9/1/50 | $ | 13,890 | $ 8,688,827 |
Total Corporate Bonds (identified cost $15,046,464) | $ 8,688,827 |
Tax-Exempt Mortgage-Backed Securities — 0.3% |
Security | Principal Amount (000's omitted) | Value | |
Housing — 0.3% | |||
California Housing Finance Agency, Municipal Certificates, Series 2021-1, Class A, 3.50%, 11/20/35 | $ | 3,060 | $ 2,864,750 |
Total Tax-Exempt Mortgage-Backed Securities (identified cost $2,906,698) | $ 2,864,750 |
Tax-Exempt Municipal Obligations — 152.6% |
Security | Principal Amount (000's omitted) | Value | |
Bond Bank — 2.6% | |||
Delaware Valley Regional Finance Authority, PA, 5.75%, 7/1/32 | $ | 6,500 | $ 7,933,900 |
New York State Environmental Facilities Corp., (State Revolving Fund), Green Bonds, 5.25%, 9/15/52 | 7,000 | 7,812,000 | |
Rickenbacker Port Authority, OH, (OASBO Expanded Asset Pooled Financing Program), 5.375%, 1/1/32 | 310 | 353,819 | |
Texas Water Development Board, 4.00%, 10/15/37(1) | 4,875 | 4,968,405 | |
$ 21,068,124 | |||
Education — 8.1% | |||
District of Columbia, (KIPP DC), 4.00%, 7/1/44 | $ | 280 | $ 244,292 |
Massachusetts Development Finance Agency, (Boston College), 5.00%, 7/1/42(1) | 9,525 | 10,086,213 | |
Massachusetts Development Finance Agency, (Northeastern University), 5.25%, 3/1/37 | 1,650 | 1,668,563 | |
Massachusetts Health and Educational Facilities Authority, (Boston College): | |||
5.50%, 6/1/27 | 5,710 | 6,284,711 | |
5.50%, 6/1/30 | 8,325 | 9,590,733 | |
New Jersey Educational Facilities Authority, (Princeton University), 4.00%, 7/1/47(1) | 10,000 | 9,752,600 |
Security | Principal Amount (000's omitted) | Value | |
Education (continued) | |||
New York Dormitory Authority, (Columbia University), 5.00%, 10/1/38(1) | $ | 8,500 | $ 9,180,510 |
Ohio Higher Educational Facility Commission, (Oberlin College), 5.00%, 10/1/33 | 500 | 502,150 | |
Tennessee State School Bond Authority, 5.00%, 11/1/52(1) | 10,000 | 10,978,300 | |
University of Cincinnati, OH, 5.00%, 6/1/45(1) | 7,500 | 7,800,900 | |
$ 66,088,972 | |||
Electric Utilities — 5.7% | |||
Austin, TX, Electric Utility Revenue, 5.00%, 11/15/48(1) | $ | 10,000 | $ 10,959,100 |
Douglas County Public Utility District No. 1, WA, 3.00%, 9/1/52 | 7,165 | 5,549,292 | |
Orlando Utilities Commission, FL, Utility System Revenue, 5.00%, 10/1/48(1) | 10,000 | 11,003,000 | |
San Antonio, TX, Electric & Gas Systems Revenue, 5.25%, 2/1/46(1) | 10,000 | 11,258,100 | |
Seattle, WA, Municipal Light and Power Improvement Revenue, 4.00%, 7/1/47 | 2,500 | 2,453,075 | |
Utility Debt Securitization Authority, NY, 5.00%, 12/15/35 | 5,000 | 5,038,450 | |
$ 46,261,017 | |||
Escrowed/Prerefunded — 4.0% | |||
East Hempfield Township Industrial Development Authority, PA, (Student Services, Inc.), Prerefunded to 7/1/24, 5.00%, 7/1/39 | $ | 175 | $ 177,947 |
North Carolina Capital Facilities Finance Agency, (Duke University), Prerefunded to 10/1/25, 5.00%, 10/1/41(1) | 10,000 | 10,439,200 | |
Royal Oak Hospital Finance Authority, MI, (William Beaumont Hospital), Prerefunded to 3/1/24, 5.00%, 9/1/39 | 1,000 | 1,011,860 | |
Will County, IL, Prerefunded to 11/15/25, 5.00%, 11/15/45(1) | 19,725 | 20,573,767 | |
$ 32,202,774 | |||
General Obligations — 30.3% | |||
Allegheny County, PA, 5.00%, 11/1/43(1) | $ | 3,800 | $ 4,072,460 |
Austin Independent School District, TX, 5.00%, 8/1/48(1) | 10,000 | 10,671,100 | |
Beaverton School District No. 48J, OR, 5.00%, 6/15/52(1) | 10,000 | 10,921,300 | |
California, 5.00%, 8/1/46(1) | 15,000 | 15,721,350 | |
Chicago Board of Education, IL, 5.00%, 12/1/30 | 4,000 | 4,204,320 | |
Chicago, IL, 5.00%, 1/1/44 | 19,880 | 20,236,051 | |
Cleveland, OH, 5.00%, 12/1/43(1) | 2,225 | 2,362,794 |
1
Eaton Vance
Municipal Bond Fund
June 30, 2023
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
General Obligations (continued) | |||
Cypress-Fairbanks Independent School District, TX, (PSF Guaranteed), 4.00%, 2/15/48 | $ | 5,250 | $ 5,156,812 |
Del Valle Independent School District, TX, (PSF Guaranteed), 4.00%, 6/15/47 | 8,500 | 8,565,960 | |
District of Columbia: | |||
4.00%, 2/1/46 | 5,000 | 4,920,150 | |
5.00%, 6/1/43(1) | 12,000 | 12,726,480 | |
Humble Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/43(1) | 20,000 | 20,932,200 | |
Illinois: | |||
4.00%, 11/1/38 | 13,000 | 12,649,000 | |
5.50%, 5/1/39 | 810 | 885,492 | |
5.50%, 3/1/47 | 4,000 | 4,342,320 | |
5.75%, 5/1/45 | 830 | 904,302 | |
Jackson Public Schools, MI, 5.00%, 5/1/48(1) | 2,150 | 2,218,822 | |
Katy Independent School District, TX, (PSF Guaranteed): | |||
4.00%, 2/15/53 | 5,000 | 4,839,500 | |
5.00%, 2/15/48(1) | 10,000 | 10,945,200 | |
Leander Independent School District, TX, (PSF Guaranteed), 5.00%, 8/15/52(1) | 10,000 | 10,789,700 | |
Massachusetts, 5.00%, 9/1/38(1) | 18,500 | 19,964,090 | |
New York, NY: | |||
4.00%, 9/1/46 | 5,000 | 4,926,800 | |
5.25%, 5/1/41(1) | 7,100 | 8,044,868 | |
5.25%, 5/1/42(1) | 3,125 | 3,527,375 | |
5.25%, 10/1/47 | 4,000 | 4,499,840 | |
Pennsylvania: | |||
4.00%, 4/1/29(1) | 3,000 | 3,002,370 | |
5.00%, 3/1/32(1) | 2,750 | 3,025,687 | |
Peters Township School District, PA, 5.00%, 9/1/40(1) | 3,225 | 3,500,770 | |
Renton School District No. 403, WA, 4.00%, 12/1/39 | 2,500 | 2,531,975 | |
Spring Independent School District, TX, 5.00%, 8/15/47(1) | 11,575 | 12,727,523 | |
Trenton Public Schools, MI, 5.00%, 5/1/42(1) | 2,150 | 2,306,907 | |
Ysleta Independent School District, TX, (PSF Guaranteed), 5.00%, 8/15/56(1) | 10,000 | 10,850,900 | |
$ 246,974,418 | |||
Hospital — 16.5% | |||
Allen County, OH, (Mercy Health), 4.00%, 8/1/47(1) | $ | 900 | $ 860,517 |
Brevard County Health Facilities Authority, FL, (Health First Obligated Group): | |||
5.00%, 4/1/47 | 7,500 | 7,848,525 | |
5.00%, 4/1/52 | 7,510 | 7,818,961 |
Security | Principal Amount (000's omitted) | Value | |
Hospital (continued) | |||
Camden County Improvement Authority, NJ, (Cooper Health System), 5.75%, 2/15/42 | $ | 250 | $ 250,313 |
Chester County Health and Education Facilities Authority, PA, (Main Line Health System), 4.00%, 9/1/50 | 11,625 | 10,728,712 | |
Colorado Health Facilities Authority, (CommonSpirit Health), 5.25%, 11/1/52 | 4,000 | 4,174,600 | |
Colorado Health Facilities Authority, (Intermountain Healthcare), 4.00%, 5/15/52 | 5,000 | 4,772,050 | |
Franklin County, OH, (Trinity Health Credit Group), 5.00%, 12/1/47(1) | 2,200 | 2,259,862 | |
Hamilton County, OH, (Cincinnati Children's Hospital Medical Center), 5.00%, 5/15/34 | 250 | 253,445 | |
Hamilton County, OH, (UC Health), 4.00%, 9/15/50 | 3,175 | 2,494,121 | |
Hawaii Department of Budget and Finance, (Hawaii Pacific Health), 5.50%, 7/1/38 | 3,150 | 3,150,158 | |
Indiana Finance Authority, (Indiana University Health), 5.00%, 10/1/53(2) | 5,000 | 5,390,150 | |
Martin County Health Facilities Authority, FL, (Cleveland Clinic Health System), 4.00%, 1/1/46(1) | 10,000 | 9,740,500 | |
Massachusetts Development Finance Agency, (Partners HealthCare System): | |||
5.00%, 7/1/41(1) | 10,000 | 10,311,900 | |
5.00%, 7/1/47(1) | 2,375 | 2,428,889 | |
Michigan Finance Authority, (Trinity Health Credit Group): | |||
4.00%, 3/1/51 | 7,000 | 6,563,690 | |
5.00%, 12/1/42(1) | 7,300 | 7,536,082 | |
Missouri Health and Educational Facilities Authority, (Children's Mercy Hospital), 4.00%, 5/15/48 | 5,000 | 4,658,350 | |
New Jersey Health Care Facilities Financing Authority, (Princeton HealthCare System), 5.00%, 7/1/39(1) | 1,750 | 1,799,508 | |
New Jersey Health Care Facilities Financing Authority, (Robert Wood Johnson University Hospital), 5.25%, 7/1/35 | 5,000 | 5,005,550 | |
New York Dormitory Authority, (Northwell Health Obligated Group), 5.00%, 5/1/52 | 5,900 | 6,201,844 | |
Pennsylvania Economic Development Financing Authority, (UPMC), 4.00%, 5/15/53 | 4,115 | 3,785,018 | |
Pennsylvania Higher Educational Facilities Authority, (University of Pennsylvania Health System), 4.00%, 8/15/42 | 1,600 | 1,562,832 | |
Tampa, FL, (BayCare Health System), 5.00%, 11/15/46(1) | 12,000 | 12,130,080 |
2
Eaton Vance
Municipal Bond Fund
June 30, 2023
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Hospital (continued) | |||
Tarrant County Cultural Education Facilities Finance Corp.,TX, (Baylor Scott & White Health), 5.00%, 11/15/51 | $ | 3,000 | $ 3,159,990 |
West Virginia Hospital Finance Authority, (West Virginia University Health System Obligated Group), 4.375%, 6/1/53 | 10,150 | 9,812,614 | |
$ 134,698,261 | |||
Housing — 3.3% | |||
Maryland Economic Development Corp., (Morgan State University), Student Housing Revenue, 4.25%, 7/1/50 | $ | 1,350 | $ 1,259,577 |
Nebraska Investment Finance Authority, Social Bonds, (FHLMC), (FNMA), (GNMA), 4.55%, 9/1/48 | 8,835 | 8,695,054 | |
New York City Housing Development Corp., NY: | |||
4.80%, 2/1/53 | 5,000 | 5,036,450 | |
4.95%, 11/1/58 | 1,575 | 1,604,846 | |
North Carolina Housing Finance Agency, Social Bonds, (FHLMC), (FNMA), (GNMA), 4.40%, 7/1/46 | 5,000 | 4,993,450 | |
Pennsylvania Housing Finance Agency, SFMR, Social Bonds, 5.00%, 10/1/50 | 3,665 | 3,767,363 | |
Seattle Housing Authority, WA, 3.625%, 12/1/43 | 1,000 | 888,820 | |
South Carolina Housing Finance and Development Authority, 4.95%, 7/1/53 | 1,000 | 1,015,220 | |
$ 27,260,780 | |||
Industrial Development Revenue — 2.7% | |||
Arkansas Development Finance Authority, (United States Steel Corp.), Green Bonds, (AMT), 5.45%, 9/1/52 | $ | 4,800 | $ 4,808,064 |
Maricopa County Pollution Control Corp., AZ, (El Paso Electric Co.), 4.50%, 8/1/42 | 4,840 | 4,678,876 | |
New York Transportation Development Corp., (Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment), (AMT), 5.00%, 10/1/40 | 12,610 | 12,904,318 | |
$ 22,391,258 | |||
Insured - Bond Bank — 0.1% | |||
Puerto Rico Municipal Finance Agency, (AGM), 5.00%, 8/1/27 | $ | 470 | $ 472,834 |
$ 472,834 | |||
Insured - Education — 2.7% | |||
Massachusetts College Building Authority, (AGC), 5.50%, 5/1/39 | $ | 700 | $ 839,713 |
Massachusetts Development Finance Agency, (Boston University), (AGC), 6.00%, 5/15/59 | 1,105 | 1,289,425 |
Security | Principal Amount (000's omitted) | Value | |
Insured - Education (continued) | |||
Massachusetts Development Finance Agency, (College of the Holy Cross): | |||
(AMBAC), 5.25%, 9/1/32 | $ | 15,900 | $ 19,023,396 |
(AMBAC), 5.25%, 9/1/32(1) | 750 | 897,330 | |
$ 22,049,864 | |||
Insured - Electric Utilities — 3.8% | |||
Cleveland, OH, Public Power System Revenue: | |||
(NPFG), 0.00%, 11/15/27 | $ | 2,750 | $ 2,370,747 |
(NPFG), 0.00%, 11/15/38 | 1,000 | 510,400 | |
Lower Colorado River Authority, TX, (LCRA Transmission Services Corp.), (AGM), 5.25%, 5/15/53(1) | 10,000 | 10,984,200 | |
Ohio Municipal Electric Generation Agency, (NPFG), 0.00%, 2/15/27 | 5,000 | 4,401,750 | |
Omaha Public Power District, NE, (AGM), 4.00%, 2/1/51 | 4,655 | 4,661,051 | |
Puerto Rico Electric Power Authority: | |||
(NPFG), 5.25%, 7/1/23 | 1,095 | 1,095,000 | |
(NPFG), 5.25%, 7/1/34 | 375 | 370,628 | |
South Carolina Public Service Authority, (AGM), 5.75%, 12/1/52 | 6,000 | 6,727,980 | |
$ 31,121,756 | |||
Insured - Escrowed/Prerefunded — 1.5% | |||
Bay City Brownfield Redevelopment Authority, MI, (BAM), Prerefunded to 10/1/23, 5.375%, 10/1/38 | $ | 500 | $ 502,530 |
Chicago Park District, IL, (BAM), Prerefunded to 1/1/24, 5.00%, 1/1/39(1) | 7,390 | 7,444,168 | |
Massachusetts College Building Authority, (NPFG), Escrowed to Maturity, 0.00%, 5/1/26 | 1,600 | 1,458,640 | |
Michigan House of Representatives, (AMBAC), Escrowed to Maturity, 0.00%, 8/15/23 | 2,615 | 2,605,194 | |
$ 12,010,532 | |||
Insured - General Obligations — 5.0% | |||
Chicago Park District, IL, (BAM), 5.00%, 1/1/39(1) | $ | 6,210 | $ 6,264,772 |
Cincinnati City School District, OH, (AGM), (FGIC), 5.25%, 12/1/30 | 4,500 | 5,221,350 | |
Erie School District, PA, (AMBAC), 0.00%, 9/1/30 | 1,000 | 768,940 | |
Essex County Improvement Authority, NJ, (NPFG), 5.50%, 10/1/30 | 2,000 | 2,385,420 | |
Irvington Township, NJ, (AGM), 0.00%, 7/15/26 | 4,165 | 3,717,887 | |
Massachusetts, (AMBAC), 5.50%, 8/1/30 | 1,900 | 2,214,583 | |
Nassau County, NY, (AGM), 5.00%, 4/1/43(1) | 11,665 | 12,359,417 | |
Plain School District, OH, (NPFG), 0.00%, 12/1/27 | 2,400 | 2,043,072 |
3
Eaton Vance
Municipal Bond Fund
June 30, 2023
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Insured - General Obligations (continued) | |||
Shaler Area School District, PA, (XLCA), 0.00%, 9/1/33 | $ | 2,550 | $ 1,721,990 |
Waller Independent School District, TX, (BAM), 4.00%, 2/15/48 | 4,165 | 4,065,873 | |
$ 40,763,304 | |||
Insured - Hospital — 0.2% | |||
Allegheny County Hospital Development Authority, PA, (UPMC Health System), (NPFG), 6.00%, 7/1/24 | $ | 250 | $ 256,280 |
California Statewide Communities Development Authority, (Enloe Medical Center), (AGM), 5.375%, 8/15/57 | 1,500 | 1,606,410 | |
$ 1,862,690 | |||
Insured - Lease Revenue/Certificates of Participation — 0.4% | |||
New Jersey Economic Development Authority, (Motor Vehicle Surcharges): | |||
(AGC), 0.00%, 7/1/26 | $ | 420 | $ 375,736 |
(AGC), 0.00%, 7/1/27 | 1,120 | 967,154 | |
New Jersey Economic Development Authority, (School Facilities Construction), (NPFG), 5.50%, 9/1/28 | 500 | 554,210 | |
Pennsylvania Turnpike Commission, (AGM), 5.25%, 7/15/30 | 1,105 | 1,296,894 | |
$ 3,193,994 | |||
Insured - Special Tax Revenue — 6.9% | |||
Hamilton County, OH, Sales Tax Revenue: | |||
(AMBAC), 0.00%, 12/1/23 | $ | 1,245 | $ 1,227,346 |
(AMBAC), 0.00%, 12/1/24 | 3,665 | 3,488,200 | |
Harris County-Houston Sports Authority, TX, (AGM), (NPFG), 0.00%, 11/15/34 | 19,335 | 11,264,958 | |
Houston, TX, Hotel Occupancy Tax Revenue, (AMBAC), 0.00%, 9/1/24 | 18,035 | 17,241,099 | |
Massachusetts, Dedicated Tax Revenue, (NPFG), 5.50%, 1/1/29 | 750 | 849,045 | |
Miami-Dade County, FL, Professional Sports Franchise Facilities, (AGC), 7.00%, 10/1/39 | 18,000 | 21,877,740 | |
$ 55,948,388 | |||
Insured - Transportation — 6.3% | |||
Chicago, IL, (O'Hare International Airport): | |||
(AGM), 5.00%, 1/1/28 | $ | 2,500 | $ 2,507,175 |
(AGM), 5.00%, 1/1/29 | 1,260 | 1,263,616 | |
(AGM), 5.125%, 1/1/30 | 2,200 | 2,206,314 | |
(AGM), 5.125%, 1/1/31 | 1,750 | 1,755,022 | |
(AGM), 5.25%, 1/1/32 | 1,115 | 1,118,200 | |
(AGM), 5.25%, 1/1/33 | 1,150 | 1,153,301 |
Security | Principal Amount (000's omitted) | Value | |
Insured - Transportation (continued) | |||
E-470 Public Highway Authority, CO, (NPFG), 0.00%, 9/1/39 | $ | 25,000 | $ 11,360,000 |
New Jersey Turnpike Authority, (AGM), (BHAC), 5.25%, 1/1/29 | 1,000 | 1,124,860 | |
Port Palm Beach District, FL: | |||
(XLCA), 0.00%, 9/1/24 | 1,605 | 1,527,575 | |
(XLCA), 0.00%, 9/1/25 | 1,950 | 1,777,327 | |
(XLCA), 0.00%, 9/1/26 | 1,000 | 876,270 | |
San Joaquin Hills Transportation Corridor Agency, CA, (NPFG), 0.00%, 1/15/25 | 26,215 | 24,719,959 | |
$ 51,389,619 | |||
Insured - Water and Sewer — 4.7% | |||
Chicago, IL, Wastewater Transmission Revenue, (AGM), 5.25%, 1/1/58 | $ | 7,000 | $ 7,594,580 |
Chicago, IL, Water Revenue, (AGM), 5.25%, 11/1/53 | 1,000 | 1,091,310 | |
DeKalb County, GA, Water and Sewerage Revenue, (AGM), 5.25%, 10/1/32(1) | 10,000 | 10,672,000 | |
Erie Sewer Authority, PA, (AMBAC), 0.00%, 12/1/26 | 1,920 | 1,696,493 | |
Massachusetts Water Resources Authority: | |||
(AGM), 5.25%, 8/1/35 | 1,000 | 1,240,190 | |
(AGM), 5.25%, 8/1/38 | 1,070 | 1,331,187 | |
Michigan Finance Authority, (Detroit Water and Sewerage Department): | |||
(AGM), 5.00%, 7/1/31 | 1,500 | 1,522,635 | |
(AGM), 5.00%, 7/1/32 | 2,845 | 2,887,646 | |
(AGM), 5.00%, 7/1/33 | 2,435 | 2,471,014 | |
(AGM), 5.00%, 7/1/35 | 2,970 | 3,009,026 | |
(AGM), 5.00%, 7/1/37 | 2,435 | 2,460,835 | |
Middlesex County Improvement Authority, NJ, (Perth Amboy), (AMBAC), 0.00%, 9/1/24 | 2,150 | 2,062,581 | |
$ 38,039,497 | |||
Lease Revenue/Certificates of Participation — 4.5% | |||
Hampton Roads Transportation Accountability Commission, VA, 4.00%, 7/1/57 | $ | 5,000 | $ 4,817,550 |
Maryland Stadium Authority, Built to Learn Revenue, 4.00%, 6/1/52 | 5,430 | 5,173,650 | |
Michigan State Building Authority, 5.00%, 10/15/51(1) | 2,200 | 2,268,794 | |
New Jersey Economic Development Authority, (Portal North Bridge), 5.00%, 11/1/52 | 7,000 | 7,358,260 | |
New Jersey Transportation Trust Fund Authority, (Transportation Program): | |||
5.00%, 6/15/38 | 130 | 131,278 | |
5.00%, 6/15/44 | 5,535 | 5,565,885 |
4
Eaton Vance
Municipal Bond Fund
June 30, 2023
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Lease Revenue/Certificates of Participation (continued) | |||
New Jersey Transportation Trust Fund Authority, (Transportation System): | |||
5.00%, 12/15/24 | $ | 10,000 | $ 10,217,000 |
5.25%, 12/15/23 | 1,000 | 1,007,680 | |
$ 36,540,097 | |||
Other Revenue — 2.7% | |||
Buckeye Tobacco Settlement Financing Authority, OH, 5.00%, 6/1/55 | $ | 6,415 | $ 6,016,949 |
California Community Choice Financing Authority, Clean Energy Project Revenue, Green Bonds, 5.00% to 8/1/29 (Put Date), 12/1/53 | 2,000 | 2,087,860 | |
Golden State Tobacco Securitization Corp., CA, 5.00%, 6/1/51 | 3,185 | 3,320,140 | |
Loudoun County Economic Development Authority, VA, (Howard Hughes Medical Institute), 4.00%, 10/1/52 | 5,000 | 4,918,150 | |
Main Street Natural Gas, Inc., GA, Gas Supply Revenue, 5.00% to 9/1/30 (Put Date), 9/1/53 | 5,000 | 5,252,400 | |
$ 21,595,499 | |||
Senior Living/Life Care — 1.0% | |||
California Public Finance Authority, (Enso Village): | |||
Green Bonds, 3.125%, 5/15/29(3) | $ | 410 | $ 385,867 |
Green Bonds, 5.00%, 11/15/46(3) | 565 | 510,195 | |
Clackamas County Hospital Facility Authority, OR, (Rose Villa), 5.25%, 11/15/50 | 160 | 147,989 | |
Franklin County, OH, (Friendship Village of Dublin), 5.00%, 11/15/44 | 525 | 522,239 | |
Massachusetts Development Finance Agency, (NewBridge on the Charles, Inc.), 5.00%, 10/1/57(3) | 310 | 273,250 | |
New Hope Cultural Education Facilities Finance Corp., TX, (The Outlook at Windhaven), 6.75%, 10/1/52 | 4,000 | 3,606,800 | |
North Carolina Medical Care Commission, (Pennybyrn at Maryfield), 5.00%, 10/1/50 | 2,500 | 2,154,400 | |
South Carolina Jobs-Economic Development Authority, (Kiawah Life Plan Village, Inc.), 8.75%, 7/1/25(3) | 330 | 363,290 | |
$ 7,964,030 | |||
Special Tax Revenue — 17.6% | |||
Central Puget Sound Regional Transit Authority, WA, Sales Tax and Motor Vehicle Excise Tax Revenue, Green Bonds, 5.00%, 11/1/41(1) | $ | 10,000 | $ 10,422,100 |
Cleveland, OH, Income Tax Revenue: | |||
5.00%, 10/1/39(1) | 450 | 479,696 | |
5.00%, 10/1/43(1) | 1,800 | 1,903,932 |
Security | Principal Amount (000's omitted) | Value | |
Special Tax Revenue (continued) | |||
Dallas Area Rapid Transit, TX, Sales Tax Revenue, 4.00%, 12/1/51 | $ | 5,000 | $ 4,833,950 |
Denver City and County, CO, Dedicated Tax Revenue, 5.00%, 8/1/41(1) | 10,000 | 10,283,100 | |
Massachusetts Bay Transportation Authority, Sales Tax Revenue: | |||
4.00%, 7/1/51 | 4,000 | 3,913,440 | |
5.25%, 7/1/33 | 750 | 887,227 | |
New York City Transitional Finance Authority, NY, Future Tax Revenue: | |||
4.00%, 8/1/37(1) | 10,000 | 10,115,000 | |
4.00%, 8/1/39(1) | 5,000 | 5,021,950 | |
4.00%, 2/1/43 | 9,000 | 8,914,950 | |
5.00%, 11/1/46(1) | 5,000 | 5,504,550 | |
New York Convention Center Development Corp., Hotel Occupancy Tax, 5.00%, 11/15/45(1) | 13,000 | 13,239,070 | |
New York Dormitory Authority, Personal Income Tax Revenue: | |||
4.00%, 2/15/47 | 9,100 | 8,903,531 | |
4.00%, 3/15/47 | 3,500 | 3,424,225 | |
New York Dormitory Authority, Sales Tax Revenue: | |||
4.00%, 3/15/46 | 14,000 | 13,856,920 | |
5.00%, 3/15/43(1) | 6,000 | 6,375,420 | |
New York State Urban Development Corp., Personal Income Tax Revenue: | |||
4.00%, 3/15/45(1) | 2,800 | 2,763,152 | |
4.00%, 3/15/45 | 6,500 | 6,414,460 | |
New York Thruway Authority, Personal Income Tax Revenue: | |||
4.00%, 3/15/44 | 2,000 | 1,973,020 | |
Green Bonds, 5.00%, 3/15/55(1) | 5,000 | 5,433,350 | |
Puerto Rico Sales Tax Financing Corp., 5.00%, 7/1/58 | 6,000 | 5,864,160 | |
Triborough Bridge and Tunnel Authority, NY, Green Bonds, 5.25%, 5/15/47(1) | 8,850 | 9,901,291 | |
Triborough Bridge and Tunnel Authority, NY, Sales Tax Revenue, 4.00%, 5/15/48 | 3,000 | 2,936,340 | |
$ 143,364,834 | |||
Transportation — 16.2% | |||
Dallas and Fort Worth, TX, (Dallas/Fort Worth International Airport): | |||
5.25%, 11/1/30 | $ | 3,845 | $ 3,866,224 |
5.25%, 11/1/31 | 5,940 | 5,971,720 | |
Delaware River Joint Toll Bridge Commission of Pennsylvania and New Jersey: | |||
5.00%, 7/1/37(1) | 1,150 | 1,222,749 | |
5.00%, 7/1/47(1) | 4,575 | 4,753,379 |
5
Eaton Vance
Municipal Bond Fund
June 30, 2023
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Transportation (continued) | |||
Denver City and County, CO, Airport System Revenue: | |||
4.00%, 11/15/43 | $ | 5,665 | $ 5,571,471 |
(AMT), 5.00%, 11/15/53 | 3,920 | 4,101,731 | |
Florida Department of Transportation, Turnpike System Revenue, 5.00%, 7/1/52(1) | 16,000 | 17,353,600 | |
Illinois Toll Highway Authority: | |||
5.00%, 1/1/41(1) | 12,425 | 12,858,757 | |
5.00%, 1/1/44(1) | 10,000 | 10,888,200 | |
Los Angeles Department of Airports, CA, (Los Angeles International Airport), Green Bonds, (AMT), 5.00%, 5/15/47 | 7,145 | 7,516,326 | |
Metropolitan Transportation Authority, NY, Green Bonds, 4.75%, 11/15/45 | 730 | 743,833 | |
Metropolitan Washington Airports Authority, D.C.: | |||
(AMT), 4.00%, 10/1/51 | 5,000 | 4,708,100 | |
(AMT), 5.25%, 10/1/53(2) | 2,000 | 2,132,240 | |
New Jersey Turnpike Authority: | |||
5.00%, 1/1/48(1) | 10,000 | 10,590,800 | |
5.25%, 1/1/52 | 2,500 | 2,804,250 | |
North Texas Tollway Authority, 4.125%, 1/1/39 | 6,000 | 6,056,100 | |
Pennsylvania Turnpike Commission: | |||
5.00%, 12/1/40 | 3,000 | 3,332,100 | |
5.25%, 12/1/52 | 2,600 | 2,842,710 | |
Port Authority of New York and New Jersey: | |||
5.00%, 12/1/34(1) | 16,400 | 16,507,420 | |
5.00%, 10/15/42(1) | 3,750 | 3,948,937 | |
Texas Private Activity Bond Surface Transportation Corp., (North Tarrant Express Segment 3C), (AMT), 5.00%, 6/30/58 | 2,500 | 2,499,975 | |
Texas Transportation Commission, (Central Texas Turnpike System), 5.00%, 8/15/42 | 1,765 | 1,776,314 | |
$ 132,046,936 | |||
Water and Sewer — 5.8% | |||
Atlanta, GA, Water and Wastewater Revenue, 5.00%, 11/1/47(1) | $ | 5,900 | $ 6,190,457 |
New York City Municipal Water Finance Authority, NY, (Water and Sewer System): | |||
4.125%, 6/15/47 | 1,250 | 1,248,275 | |
5.25%, 6/15/52(1) | 3,000 | 3,363,600 | |
Texas Water Development Board: | |||
4.00%, 10/15/47(1) | 2,900 | 2,895,766 | |
5.00%, 10/15/47(1) | 20,000 | 22,117,600 |
Security | Principal Amount (000's omitted) | Value | |
Water and Sewer (continued) | |||
Texas Water Development Board: (continued) | |||
5.00%, 4/15/49(1) | $ | 10,700 | $ 11,362,544 |
$ 47,178,242 | |||
Total Tax-Exempt Municipal Obligations (identified cost $1,222,061,017) | $1,242,487,720 |
Trust Units — 0.1% |
Security | Notional Amount (000's omitted) | Value | |
Transportation — 0.1% | |||
HTA TRRB 2005L-745190R75 Assured Custodial Trust, 5.25%, 7/1/41 | $ | 875 | $ 883,531 |
Total Trust Units (identified cost $881,475) | $ 883,531 | ||
Total Investments — 154.1% (identified cost $1,240,895,654) | $1,254,924,828 | ||
Other Assets, Less Liabilities — (54.1)% | $ (440,494,986) | ||
Net Assets — 100.0% | $ 814,429,842 |
The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | |
(1) | Security represents the municipal bond held by a trust that issues residual interest bonds. |
(2) | When-issued security. |
(3) | Security exempt from registration under Rule 144A of 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 June 30, 2023, the aggregate value of these securities is $1,532,602 or 0.2% of the Fund's net assets. |
At June 30, 2023, the concentration of the Fund’s investments in the various states and territories, determined as a percentage of total investments, is as follows: |
Texas | 18.7% |
New York | 16.9% |
Others, representing less than 10% individually | 63.6% |
6
Eaton Vance
Municipal Bond Fund
June 30, 2023
Portfolio of Investments (Unaudited) — continued
The Fund invests primarily in debt securities issued by municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At June 30, 2023, 20.5% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 0.1% to 8.3% of total investments. |
Abbreviations: | |
AGC | – Assured Guaranty Corp. |
AGM | – Assured Guaranty Municipal Corp. |
AMBAC | – AMBAC Financial Group, Inc. |
AMT | – Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
BAM | – Build America Mutual Assurance Co. |
BHAC | – Berkshire Hathaway Assurance Corp. |
FGIC | – Financial Guaranty Insurance Company |
FHLMC | – Federal Home Loan Mortgage Corp. |
FNMA | – Federal National Mortgage Association |
GNMA | – Government National Mortgage Association |
NPFG | – National Public Finance Guarantee Corp. |
PSF | – Permanent School Fund |
SFMR | – Single Family Mortgage Revenue |
XLCA | – XL Capital Assurance, Inc. |
The Fund did not have any open derivative instruments at June 30, 2023.
Fair Value Measurements
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
• | Level 1 – quoted prices in active markets for identical investments |
• | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments) |
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At June 30, 2023, the hierarchy of inputs used in valuing the Fund's investments, which are carried at value, were as follows:
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Corporate Bonds | $ — | $ 8,688,827 | $ — | $ 8,688,827 |
Tax-Exempt Mortgage-Backed Securities | — | 2,864,750 | — | 2,864,750 |
Tax-Exempt Municipal Obligations | — | 1,242,487,720 | — | 1,242,487,720 |
Trust Units | — | 883,531 | — | 883,531 |
Total Investments | $ — | $1,254,924,828 | $ — | $1,254,924,828 |
For information on the Fund's policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent financial statements included in its semiannual or annual report to shareholders.
7