Eaton Vance NextShares Trust (EVSTC) NPORT-P Eaton Vance Global Income Builder NextShares (Jul 2020 report)

Eaton Vance

Global Income Builder NextShares

July 31, 2020 (Unaudited)

Eaton Vance Global Income Builder NextShares (the Fund), a diversified series of Eaton Vance NextShares Trust, invests substantially all of its investable assets in Global Income Builder Portfolio (the Portfolio) and owns a pro-rata interest in the Portfolio’s net assets. At July 31, 2020, the value of the Fund’s investment in the Portfolio was $6,057,291 and the Fund owned 2.2% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.

Global Income Builder Portfolio

July 31, 2020

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 56.3%

Security	Shares		Value
Auto Components — 0.4%
Bridgestone Corp.		18,472	$	544,103
Cie Generale des Etablissements Michelin SCA		5,960		617,254
			$	1,161,357
Automobiles — 0.4%
Daimler AG		27,774	$	1,214,391
			$	1,214,391
Banks — 2.9%
Banco Santander S.A.		337,433	$	723,616
Bank of New York Mellon Corp. (The)		45,136		1,618,125
Canadian Imperial Bank of Commerce		17,173		1,188,885
Citigroup, Inc.		37,766		1,888,678
HDFC Bank, Ltd.		48,384		668,628
ING Groep NV		154,769		1,079,186
KeyCorp.		60,029		720,948
			$	7,888,066
Beverages — 1.0%
Coca-Cola HBC AG		38,263	$	996,130
Diageo PLC		45,735		1,673,472
			$	2,669,602
Biotechnology — 0.4%
CSL, Ltd.		5,892	$	1,146,010
			$	1,146,010
Building Products — 0.5%
Assa Abloy AB, Class B		59,771	$	1,319,516
			$	1,319,516
Chemicals — 1.3%
BASF SE		5,001	$	275,886
Brenntag AG		17,062		1,052,947
Chr. Hansen Holding A/S		9,083		1,036,484
Sika AG		5,362		1,178,203
			$	3,543,520
Construction & Engineering — 0.0%(1)
Abengoa S.A., Class A(2)(3)		36,194	$	687
Abengoa S.A., Class B(2)(3)		374,261		2,733
			$	3,420

1

Security	Shares		Value
Construction Materials — 0.4%
CRH PLC		31,970	$	1,163,980
			$	1,163,980
Consumer Finance — 0.6%
Capital One Financial Corp.		10,453	$	666,902
OneMain Holdings, Inc.		30,679		880,487
			$	1,547,389
Diversified Financial Services — 1.4%
Berkshire Hathaway, Inc., Class B(2)		12,218	$	2,392,040
ORIX Corp.		132,993		1,438,334
			$	3,830,374
Diversified Telecommunication Services — 0.5%
Deutsche Telekom AG		89,351	$	1,491,692
			$	1,491,692
Electric Utilities — 2.0%
Endesa S.A.		35,503	$	1,012,790
Iberdrola S.A.		136,402		1,763,035
NextEra Energy, Inc.		5,009		1,406,027
Red Electrica Corp. S.A.		69,949		1,363,641
			$	5,545,493
Electrical Equipment — 0.9%
Melrose Industries PLC		805,470	$	889,415
Schneider Electric SE		14,565		1,670,074
			$	2,559,489
Electronic Equipment, Instruments & Components — 2.4%
CDW Corp.		9,164	$	1,065,315
Halma PLC		23,772		675,215
Keyence Corp.		4,678		1,972,651
Murata Manufacturing Co., Ltd.		13,154		844,890
Nippon Electric Glass Co., Ltd.		54,692		894,558
Zebra Technologies Corp., Class A(2)		4,167		1,169,885
			$	6,622,514
Entertainment — 1.0%
Nintendo Co., Ltd.		2,212	$	972,860
Walt Disney Co. (The)		15,665		1,831,865
			$	2,804,725
Equity Real Estate Investment Trusts (REITs) — 0.7%
American Tower Corp.		4,955	$	1,295,187
Equity Residential		13,787		739,397
			$	2,034,584
Food Products — 2.0%
Mondelez International, Inc., Class A		48,299	$	2,680,111
Nestle S.A.		22,751		2,705,588
			$	5,385,699

2

Security	Shares		Value
Gas Utilities — 0.3%
Snam SpA		180,107	$	958,791
			$	958,791
Health Care Equipment & Supplies — 2.3%
Baxter International, Inc.		10,942	$	945,170
Boston Scientific Corp.(2)		47,554		1,834,158
Intuitive Surgical, Inc.(2)		3,231		2,214,656
Straumann Holding AG		1,330		1,317,499
			$	6,311,483
Health Care Providers & Services — 0.5%
Anthem, Inc.		4,562	$	1,249,076
			$	1,249,076
Hotels, Restaurants & Leisure — 0.6%
Compass Group PLC		118,116	$	1,625,181
			$	1,625,181
Household Products — 0.2%
Henkel AG & Co. KGaA		7,178	$	623,704
			$	623,704
Industrial Conglomerates — 0.7%
DCC PLC		22,535	$	2,003,825
			$	2,003,825
Insurance — 2.3%
AIA Group, Ltd.		162,168	$	1,462,259
Aviva PLC		270,363		929,793
AXA S.A.		37,766		757,725
Mapfre S.A.		388,146		702,857
Poste Italiane SpA(4)		126,787		1,164,981
Sampo Oyj, Class A		34,438		1,244,736
			$	6,262,351
Interactive Media & Services — 3.4%
Alphabet, Inc., Class C(2)(5)		3,682	$	5,460,259
Facebook, Inc., Class A(2)		11,159		2,830,704
Tencent Holdings, Ltd.		18,056		1,238,608
			$	9,529,571
Internet & Direct Marketing Retail — 2.3%
Amazon.com, Inc.(2)(5)		2,013	$	6,370,501
			$	6,370,501
IT Services — 1.4%
Amadeus IT Group S.A.		34,128	$	1,704,190
Visa, Inc., Class A		11,552		2,199,501
			$	3,903,691
Leisure Products — 0.6%
Yamaha Corp.		35,335	$	1,629,180
			$	1,629,180

3

Security	Shares		Value
Life Sciences Tools & Services — 0.4%
Lonza Group AG		1,588	$	993,032
			$	993,032
Machinery — 2.8%
Ingersoll Rand, Inc.(2)		48,612	$	1,535,653
Neles Oyj		30,305		432,181
Outotec Oyj		130,311		841,013
Sandvik AB(2)		80,975		1,513,303
SMC Corp.		2,171		1,140,967
Stanley Black & Decker, Inc.		8,769		1,344,463
Valmet Oyj		32,186		901,733
			$	7,709,313
Media — 0.0%(1)
Clear Channel Outdoor Holdings, Inc.(2)		3,408	$	3,124
iHeartMedia, Inc., Class A(2)		715		5,977
			$	9,101
Metals & Mining — 0.8%
Rio Tinto, Ltd.		28,562	$	2,090,414
			$	2,090,414
Mortgage Real Estate Investment Trusts (REITs) — 0.3%
AGNC Investment Corp.		57,599	$	783,346
			$	783,346
Multi-Utilities — 0.6%
CMS Energy Corp.		13,508	$	866,944
RWE AG		21,116		795,954
			$	1,662,898
Oil, Gas & Consumable Fuels — 1.4%
Chevron Corp.		14,960	$	1,255,742
ConocoPhillips		22,752		850,697
EOG Resources, Inc.		14,213		665,879
Phillips 66		16,330		1,012,787
			$	3,785,105
Personal Products — 0.9%
Unilever PLC		42,368	$	2,522,802
			$	2,522,802
Pharmaceuticals — 3.9%
Eli Lilly & Co.		9,123	$	1,371,096
Novartis AG		18,285		1,506,085
Novo Nordisk A/S, Class B		21,558		1,414,476
Roche Holding AG PC		4,954		1,715,850
Sanofi		23,376		2,454,412
Zoetis, Inc.		15,624		2,369,848
			$	10,831,767
Professional Services — 1.1%
Recruit Holdings Co., Ltd.		53,878	$	1,680,770
Verisk Analytics, Inc.		6,502		1,226,992
			$	2,907,762

4

Security	Shares		Value
Semiconductors & Semiconductor Equipment — 2.4%
ASML Holding NV		5,054	$	1,796,887
Infineon Technologies AG		57,029		1,453,976
Micron Technology, Inc.(2)		17,021		851,986
Siltronic AG		8,272		754,654
Taiwan Semiconductor Manufacturing Co., Ltd. ADR		22,843		1,802,084
			$	6,659,587
Software — 2.7%
Dassault Systemes SE		6,815	$	1,240,967
Intuit, Inc.		3,191		977,627
Microsoft Corp.		26,164		5,363,881
			$	7,582,475
Specialty Retail — 1.3%
Lowe’s Cos., Inc.		11,818	$	1,759,818
TJX Cos., Inc. (The)		34,534		1,795,423
			$	3,555,241
Technology Hardware, Storage & Peripherals — 1.9%
Apple, Inc.		12,612	$	5,360,605
			$	5,360,605
Textiles, Apparel & Luxury Goods — 1.4%
adidas AG(2)		7,521	$	2,074,121
LVMH Moet Hennessy Louis Vuitton SE		4,343		1,888,523
			$	3,962,644
Tobacco — 0.5%
Japan Tobacco, Inc.		74,503	$	1,273,439
			$	1,273,439
Water Utilities — 0.3%
United Utilities Group PLC		77,980	$	914,514
			$	914,514
Wireless Telecommunication Services — 0.2%
Vodafone Group PLC		442,168	$	664,511
			$	664,511
Total Common Stocks (identified cost $130,304,672)			$	155,667,731
Preferred Stocks — 1.1%
Security	Shares		Value
Banks — 0.1%
Farm Credit Bank of Texas, 6.75% to 9/15/23(4)(6)		1,115	$	118,190
			$	118,190
Electric Utilities — 0.1%
SCE Trust III, Series H, 5.75% to 3/15/24(6)		15,000	$	338,700
			$	338,700

5

Security	Shares		Value
Equity Real Estate Investment Trusts (REITs) — 0.1%
SITE Centers Corp., Series A, 6.375%		10,450	$	239,514
SITE Centers Corp., Series K, 6.25%		1,950		45,338
			$	284,852
Food Products — 0.2%
Dairy Farmers of America, Inc., 7.875%(4)		4,700	$	418,300
Ocean Spray Cranberries, Inc., 6.25%(4)		540		44,415
			$	462,715
Independent Power and Renewable Electricity Producers — 0.0%(1)
Algonquin Power & Utilities Corp., Series 19-A, 6.20% to 7/1/24(6)		3,175	$	85,320
			$	85,320
Insurance — 0.2%
American Equity Investment Life Holding Co., Series B, 6.625% to 9/1/25(6)		9,000	$	224,370
Athene Holding, Ltd., Series C, 6.375% to 6/30/25(6)		10,000		261,900
			$	486,270
Multi-Utilities — 0.1%
DTE Energy Co., Series C, 5.25%		9,407	$	241,572
			$	241,572
Oil, Gas & Consumable Fuels — 0.2%
NuStar Energy, L.P., Series B, 7.625% to 6/15/22(6)		23,750	$	415,387
			$	415,387
Pipelines — 0.0%(1)
Energy Transfer Operating, L.P., Series C, 7.375% to 5/15/23(6)		3,000	$	54,510
Energy Transfer Operating, L.P., Series E, 7.60% to 5/15/24(6)		2,970		56,489
			$	110,999
Real Estate Management & Development — 0.1%
Brookfield Property Partners, L.P., Series A, 5.75%		6,545	$	117,810
Brookfield Property Partners, L.P., Series A2, 6.375%		8,191		159,643
			$	277,453
Trading Companies & Distributors — 0.0%(1)
WESCO International, Inc., Series A, 10.625% to 6/22/25(6)		4,000	$	108,480
			$	108,480
Total Preferred Stocks (identified cost $3,321,194)			$	2,929,938
Corporate Bonds & Notes — 38.6%
Security	Principal Amount* (000’s omitted)		Value
Aerospace & Defense — 0.7%
BWX Technologies, Inc., 5.375%, 7/15/26(4)		215	$	225,440
Howmet Aerospace, Inc., 6.875%, 5/1/25		294		334,167
Moog, Inc., 4.25%, 12/15/27(4)		170		174,002
Spirit AeroSystems, Inc., 7.50%, 4/15/25(4)		131		129,006
TransDigm UK Holdings PLC, 6.875%, 5/15/26		200		200,712
TransDigm, Inc., 5.50%, 11/15/27		221		210,105

6

Security	Principal Amount* (000’s omitted)		Value
TransDigm, Inc., 6.25%, 3/15/26(4)		419		442,571
TransDigm, Inc., 6.50%, 5/15/25		30		29,478
TransDigm, Inc., 7.50%, 3/15/27		327		334,093
			$	2,079,574
Airlines — 0.2%
Delta Air Lines, Inc., 7.375%, 1/15/26		115	$	114,108
Mileage Plus Holdings, LLC/Mileage Plus Intellectual Property Assets, Ltd., 6.50%, 6/20/27(4)		401		416,037
			$	530,145
Auto Components — 0.5%
Clarios Global, L.P., 6.75%, 5/15/25(4)		81	$	87,202
Clarios Global, L.P./Clarios US Finance Co., 4.375%, 5/15/26(7)	EUR	181		214,193
Clarios Global, L.P./Clarios US Finance Co., 8.50%, 5/15/27(4)		765		805,278
Garrett LX I S.a.r.l./Garrett Borrowing, LLC, 5.125%, 10/15/26(7)	EUR	425		403,528
			$	1,510,201
Automobiles — 0.9%
FCE Bank PLC, 1.134%, 2/10/22(7)	EUR	140	$	161,808
FCE Bank PLC, 1.875%, 6/24/21(7)	EUR	205		239,300
Ford Motor Co., 8.50%, 4/21/23		202		224,577
Ford Motor Co., 9.625%, 4/22/30		208		276,306
Ford Motor Credit Co., LLC, 3.087%, 1/9/23		231		230,494
Ford Motor Credit Co., LLC, 3.813%, 10/12/21		333		337,242
Ford Motor Credit Co., LLC, 3.815%, 11/2/27		200		196,875
Ford Motor Credit Co., LLC, 5.125%, 6/16/25		200		213,516
Ford Motor Credit Co., LLC, 5.875%, 8/2/21		200		205,625
Jaguar Land Rover Automotive PLC, 6.875%, 11/15/26(7)	EUR	100		104,728
Navistar International Corp., 9.50%, 5/1/25(4)		167		191,111
			$	2,381,582
Banks — 2.0%
Banco Mercantil del Norte S.A./Grand Cayman, 7.625% to 1/10/28(4)(6)(8)		200	$	191,000
Bank of New York Mellon Corp. (The), Series G, 4.70% to 9/20/25(6)(8)		62		67,287
Barclays PLC, 7.875% to 3/15/22(6)(7)(8)		242		249,037
CIT Group, Inc., 6.125%, 3/9/28		105		119,024
Citigroup, Inc., 5.95% to 1/30/23(6)(8)		125		129,982
Citigroup, Inc., Series M, 6.30% to 5/15/24(6)(8)		400		414,278
Comerica, Inc., 5.625% to 7/1/25(6)(8)		250		267,931
Credit Suisse Group AG, 7.50% to 7/17/23(4)(6)(8)		208		219,489
Farm Credit Bank of Texas, Series 3, 6.20% to 6/15/28(4)(6)(8)		220		221,471
Huntington Bancshares, Inc., Series F, 5.625% to 7/15/30(6)(8)		125		138,279
JPMorgan Chase & Co., 4.60% to 2/1/25(6)(8)		298		288,717
JPMorgan Chase & Co., Series S, 6.75% to 2/1/24(6)(8)		215		238,366
JPMorgan Chase & Co., Series X, 6.10% to 10/1/24(6)(8)		329		346,994
Lloyds Banking Group PLC, 7.50% to 9/27/25(6)(8)		400		423,681
Natwest Group PLC, 8.00% to 8/10/25(6)(8)		389		439,461
Regions Financial Corp., Series D, 5.75% to 6/15/25(6)(8)		63		67,253
Truist Financial Corp., Series P, 4.95% to 9/1/25(6)(8)		62		66,340
Truist Financial Corp., Series Q, 5.10% to 3/1/30(6)(8)		77		83,738

7

Security	Principal Amount* (000’s omitted)		Value
Vivion Investments S.a.r.l., 3.00%, 8/8/24(7)	EUR	1,200	$	1,278,774
Zions Bancorp NA, 5.80% to 6/15/23(6)(8)		268		244,157
			$	5,495,259
Building Products — 1.2%
Boise Cascade Co., 4.875%, 7/1/30(4)		116	$	123,540
Brookfield Residential Properties, Inc./Brookfield Residential U.S. Corp., 4.875%, 2/15/30(4)		121		109,921
Brookfield Residential Properties, Inc./Brookfield Residential U.S. Corp., 6.25%, 9/15/27(4)		63		63,146
Builders FirstSource, Inc., 5.00%, 3/1/30(4)		90		94,603
Builders FirstSource, Inc., 6.75%, 6/1/27(4)		150		165,440
HT Troplast GmbH, 9.25%, 7/15/25(7)	EUR	360		434,694
M/I Homes, Inc., 4.95%, 2/1/28		82		84,511
Masonite International Corp., 5.375%, 2/1/28(4)		105		112,002
Picasso Finance Sub, Inc., 6.125%, 6/15/25(4)		76		80,860
Shea Homes, L.P./Shea Homes Funding Corp., 4.75%, 2/15/28(4)		253		266,028
Standard Industries, Inc., 2.25%, 11/21/26(7)	EUR	500		573,028
Standard Industries, Inc., 4.375%, 7/15/30(4)		192		207,655
Standard Industries, Inc., 5.00%, 2/15/27(4)		78		83,523
Summit Materials, LLC/Summit Materials Finance Corp., 5.25%, 1/15/29(4)(9)		35		36,444
Taylor Morrison Communities, Inc., 5.125%, 8/1/30(4)		112		122,920
Taylor Morrison Communities, Inc., 5.75%, 1/15/28(4)		196		220,749
Taylor Morrison Communities, Inc., 5.875%, 6/15/27(4)		146		161,663
TRI Pointe Group Inc., 5.70%, 6/15/28		261		288,405
Winnebago Industries, Inc., 6.25%, 7/15/28(4)		110		116,531
			$	3,345,663
Capital Markets — 0.2%
AerCap Holdings NV, 5.875% to 10/10/24, 10/10/79(6)		150	$	115,261
Charles Schwab Corp. (The), Series G, 5.375% to 6/1/25(6)(8)		209		229,377
Morgan Stanley, Series J, 4.085% to 10/15/20(6)(8)		250		244,873
			$	589,511
Casino & Gaming — 0.3%
Cinemark USA, Inc., 4.875%, 6/1/23		430	$	366,575
Speedway Motorsports, LLC/Speedway Funding II, Inc., 4.875%, 11/1/27(4)		156		142,350
Stars Group Holdings B.V./Stars Group US Co-Borrower, LLC, 7.00%, 7/15/26(4)		287		310,355
			$	819,280
Chemicals — 0.7%
Nufarm Australia, Ltd./Nufarm Americas, Inc., 5.75%, 4/30/26(4)		310	$	309,554
OCI N.V., 3.125%, 11/1/24(7)	EUR	400		466,573
SPCM S.A., 4.875%, 9/15/25(4)		200		206,377
Synthomer PLC, 3.875%, 7/1/25(7)	EUR	450		546,675
Valvoline, Inc., 4.25%, 2/15/30(4)		140		147,385
W.R. Grace & Co., 4.875%, 6/15/27(4)		192		204,953
			$	1,881,517
Commercial Services & Supplies — 1.3%
Advanced Disposal Services, Inc., 5.625%, 11/15/24(4)		170	$	177,029
Avis Budget Car Rental, LLC/Avis Budget Finance, Inc., 5.25%, 3/15/25(4)		105		99,094

8

Security	Principal Amount* (000’s omitted)		Value
Avis Budget Car Rental, LLC/Avis Budget Finance, Inc., 5.75%, 7/15/27(4)		89	$	83,351
Avis Budget Car Rental, LLC/Avis Budget Finance, Inc., 6.375%, 4/1/24(4)		35		33,553
Clean Harbors, Inc., 4.875%, 7/15/27(4)		101		107,242
Clean Harbors, Inc., 5.125%, 7/15/29(4)		61		65,449
Covanta Holding Corp., 5.875%, 3/1/24		500		514,552
Covanta Holding Corp., 5.875%, 7/1/25		95		98,671
Gartner, Inc., 4.50%, 7/1/28(4)		151		158,739
GFL Environmental, Inc., 8.50%, 5/1/27(4)		313		351,379
Jaguar Holding Co. II/PPD Development, L.P., 4.625%, 6/15/25(4)		196		205,139
Jaguar Holding Co. II/PPD Development, L.P., 5.00%, 6/15/28(4)		174		185,528
Korn Ferry, 4.625%, 12/15/27(4)		64		65,984
ServiceMaster Co., LLC (The), 7.45%, 8/15/27		550		593,895
Team Health Holdings, Inc., 6.375%, 2/1/25(4)		84		49,140
TMS International Holding Corp., 7.25%, 8/15/25(4)		80		66,800
Verisure Holding AB, 3.50%, 5/15/23(7)	EUR	540		643,039
Verscend Escrow Corp., 9.75%, 8/15/26(4)		64		71,047
			$	3,569,631
Communications Equipment — 0.2%
Crystal Almond S.a.r.l., 4.25%, 10/15/24(7)	EUR	323	$	377,815
Riverbed Technology, Inc., 8.875%, 3/1/23(4)		350		216,125
			$	593,940
Consumer Finance — 0.2%
CPUK Finance, Ltd., 4.875%, 2/28/47(7)	GBP	278	$	341,623
William Carter Co. (The), 5.50%, 5/15/25(4)		56		59,693
William Carter Co. (The), 5.625%, 3/15/27(4)		144		153,778
			$	555,094
Containers & Packaging — 1.0%
ARD Finance S.A., 5.00%, (5.00% cash or 5.75% PIK), 6/30/27(7)(10)	EUR	271	$	312,808
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 2.125%, 8/15/26(7)	EUR	410		473,071
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 4.125%, 8/15/26(4)		253		262,879
GPC Merger Sub, Inc., 7.125%, 8/15/28(4)(9)		30		31,256
Silgan Holdings, Inc., 2.25%, 6/1/28	EUR	565		657,223
Trivium Packaging Finance B.V., 3.75%, 8/15/26(7)	EUR	780		921,504
Trivium Packaging Finance B.V., 5.50%, 8/15/26(4)		200		214,060
			$	2,872,801
Cosmetics/Personal Care — 0.1%
Edgewell Personal Care Co., 5.50%, 6/1/28(4)		180	$	195,099
			$	195,099
Distributors — 0.5%
Parts Europe S.A., 4.375%, (3 mo. EURIBOR + 4.375%), 5/1/22(7)(11)	EUR	662	$	771,173
Parts Europe S.A., 5.50%, (3 mo. EURIBOR + 5.50%), 5/1/22(7)(11)	EUR	268		313,627
Performance Food Group, Inc., 5.50%, 10/15/27(4)		169		174,802
Univar Solutions USA, Inc., 5.125%, 12/1/27(4)		65		68,847
			$	1,328,449

9

Security	Principal Amount* (000’s omitted)		Value
Diversified Consumer Services — 0.3%
GEMS MENASA Cayman, Ltd./GEMS Education Delaware, LLC, 7.125%, 7/31/26(7)		750	$	731,250
			$	731,250
Diversified Financial Services — 1.2%
AG Issuer, LLC, 6.25%, 3/1/28(4)		199	$	201,985
Alliance Data Systems Corp., 4.75%, 12/15/24(4)		194		180,056
Allied Universal Holdco, LLC/Allied Universal Finance Corp., 6.625%, 7/15/26(4)		226		242,102
Allied Universal Holdco, LLC/Allied Universal Finance Corp., 9.75%, 7/15/27(4)		149		165,876
Alpha Holding S.A. de CV, 9.00%, 2/10/25(4)		200		163,900
Arrow Global Finance PLC, 2.875%, (3 mo. EURIBOR + 2.875%), 4/1/25(7)(11)	EUR	400		442,881
Cabot Financial Luxembourg S.A., 7.50%, 10/1/23(7)	GBP	160		212,714
DAE Funding, LLC, 4.50%, 8/1/22(4)		112		110,351
DAE Funding, LLC, 5.00%, 8/1/24(4)		233		216,400
Discover Financial Services, Series D, 6.125% to 6/23/25(6)(8)		101		107,595
GFL Environmental, Inc., 7.00%, 6/1/26(4)		147		156,343
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 5.25%, 5/15/27		292		301,672
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 6.25%, 5/15/26		291		308,201
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 6.375%, 12/15/25		120		125,113
Louvre Bidco SAS, 4.25%, 9/30/24(7)	EUR	215		240,119
NFP Corp., 6.875%, 8/15/28(4)(9)		235		236,469
			$	3,411,777
Diversified Telecommunication Services — 0.0%(1)
Level 3 Financing, Inc., 5.25%, 3/15/26		90	$	94,115
			$	94,115
Electric Utilities — 1.0%
AES Corp. (The), 6.00%, 5/15/26		45	$	47,692
Calpine Corp., 4.625%, 2/1/29(4)(9)		115		116,435
Calpine Corp., 5.00%, 2/1/31(4)(9)		150		154,107
Clearway Energy Operating, LLC, 4.75%, 3/15/28(4)		78		83,436
Enviva Partners, L.P./Enviva Partners Finance Corp., 6.50%, 1/15/26(4)		353		381,019
NextEra Energy Capital Holdings, Inc., 5.65% to 5/1/29, 5/1/79(6)		155		176,590
NextEra Energy Operating Partners, L.P., 4.25%, 9/15/24(4)		95		101,294
NextEra Energy Operating Partners, L.P., 4.50%, 9/15/27(4)		150		163,500
NRG Energy, Inc., 5.25%, 6/15/29(4)		122		135,174
Pattern Energy Group, Inc., 5.875%, 2/1/24(4)		60		62,019
Pattern Energy Operations, L.P./Pattern Energy Operations, Inc., 4.50%, 8/15/28(4)		173		183,813
Sempra Energy, 4.875% to 10/15/25(6)(8)		235		243,883
Southern Co. (The), Series B, 5.50% to 3/15/22, 3/15/57(6)		192		197,424
TerraForm Power Operating, LLC, 4.25%, 1/31/23(4)		95		99,826
TerraForm Power Operating, LLC, 5.00%, 1/31/28(4)		237		261,841
Vistra Operations Co., LLC, 4.30%, 7/15/29(4)		36		38,896
Vistra Operations Co., LLC, 5.00%, 7/31/27(4)		232		247,892
			$	2,694,841

10

Security	Principal Amount* (000’s omitted)		Value
Electronic Equipment, Instruments & Components — 0.1%
Energizer Holdings, Inc., 6.375%, 7/15/26(4)		42	$	44,875
WESCO Distribution, Inc., 7.125%, 6/15/25(4)		172		188,979
WESCO Distribution, Inc., 7.25%, 6/15/28(4)		153		167,367
			$	401,221
Entertainment — 1.7%
AMC Entertainment Holdings, Inc., 10.50%, 4/15/25(4)		219	$	174,516
Colt Merger Sub, Inc., 6.25%, 7/1/25(4)		417		437,164
Colt Merger Sub, Inc., 8.125%, 7/1/27(4)		343		349,879
CPUK Finance, Ltd., 4.25%, 2/28/47(7)	GBP	167		214,223
EIG Investors Corp., 10.875%, 2/1/24		480		492,550
Gamma Bidco SpA, 6.25%, 7/15/25(7)	EUR	300		353,385
Go Daddy Operating Co., LLC/GD Finance Co., Inc., 5.25%, 12/1/27(4)		226		241,496
Netflix, Inc., 3.00%, 6/15/25(7)	EUR	1,000		1,238,917
Netflix, Inc., 4.875%, 6/15/30(4)		234		275,582
Netflix, Inc., 5.875%, 11/15/28		300		371,035
Pinewood Finance Co., Ltd., 3.25%, 9/30/25(7)	GBP	300		394,791
Powdr Corp., 6.00%, 8/1/25(4)		170		174,462
			$	4,718,000
Equity Real Estate Investment Trusts (REITs) — 0.2%
MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc., 4.50%, 9/1/26		100	$	104,290
MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc., 5.625%, 5/1/24		200		217,521
SBA Communications Corp., 4.00%, 10/1/22		150		152,365
			$	474,176
Food Products — 0.8%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons, L.P./Albertsons, LLC, 4.875%, 2/15/30(4)		185	$	200,540
Albertsons Cos., Inc./Safeway, Inc./New Albertsons, L.P./Albertsons, LLC, 5.875%, 2/15/28(4)		181		198,488
JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 5.50%, 1/15/30(4)		191		210,864
Kraft Heinz Foods Co., 3.875%, 5/15/27(4)		203		218,945
Kraft Heinz Foods Co., 4.25%, 3/1/31(4)		203		224,513
Kraft Heinz Foods Co., 4.375%, 6/1/46		540		563,231
Kraft Heinz Foods Co., 5.50%, 6/1/50(4)		203		238,984
Land O’ Lakes, Inc., 8.00%(4)(8)		415		410,850
Post Holdings, Inc., 5.00%, 8/15/26(4)		85		89,224
			$	2,355,639
Gas Utilities — 0.1%
NiSource, Inc., 5.65% to 6/15/23(6)(8)		280	$	273,137
			$	273,137
Health Care Equipment & Supplies — 1.3%
Catalent Pharma Solutions, Inc., 2.375%, 3/1/28(7)	EUR	520	$	589,690
Catalent Pharma Solutions, Inc., 5.00%, 7/15/27(4)		121		128,963
Centene Corp., 3.375%, 2/15/30		272		289,341
Centene Corp., 4.25%, 12/15/27		182		193,796
Centene Corp., 4.625%, 12/15/29		319		356,181
Centene Corp., 4.75%, 1/15/25		300		311,271

11

Security	Principal Amount* (000’s omitted)		Value
Centene Corp., 5.25%, 4/1/25(4)		318	$	331,117
Centene Corp., 5.375%, 6/1/26(4)		445		476,444
Centene Corp., 5.375%, 8/15/26(4)		261		280,331
Compass Minerals International, Inc., 6.75%, 12/1/27(4)		182		197,798
Hologic, Inc., 4.375%, 10/15/25(4)		70		71,902
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/1/26(4)		286		318,420
			$	3,545,254
Health Care Providers & Services — 1.6%
Acadia Healthcare Co., Inc., 5.50%, 7/1/28(4)		164	$	173,430
Encompass Health Corp., 4.50%, 2/1/28		81		84,782
Encompass Health Corp., 4.75%, 2/1/30		191		202,137
HCA, Inc., 3.50%, 9/1/30		274		288,282
HCA, Inc., 5.00%, 3/15/24		110		124,014
HCA, Inc., 5.375%, 9/1/26		270		309,812
HCA, Inc., 5.625%, 9/1/28		330		394,111
HCA, Inc., 5.875%, 2/15/26		750		878,662
HCA, Inc., 5.875%, 2/1/29		190		231,649
LifePoint Health, Inc., 4.375%, 2/15/27(4)		248		254,054
LifePoint Health, Inc., 6.75%, 4/15/25(4)		130		140,400
Molina Healthcare, Inc., 4.375%, 6/15/28(4)		211		224,405
Synlab Bondco PLC, 4.75%, (3 mo. EURIBOR + 4.75%), 7/1/25(7)(11)	EUR	230		273,594
Tenet Healthcare Corp., 4.625%, 9/1/24(4)		49		50,149
Tenet Healthcare Corp., 4.625%, 6/15/28(4)		63		66,403
Tenet Healthcare Corp., 4.875%, 1/1/26(4)		290		303,717
Tenet Healthcare Corp., 5.125%, 11/1/27(4)		290		308,966
			$	4,308,567
Healthcare-Products — 0.1%
Avantor Funding, Inc., 4.625%, 7/15/28(4)		267	$	282,766
			$	282,766
Hotels, Restaurants & Leisure — 1.0%
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 3.875%, 1/15/28(4)		119	$	123,812
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 4.25%, 5/15/24(4)		325		331,825
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 4.375%, 1/15/28(4)		182		189,611
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 5.00%, 10/15/25(4)		504		518,266
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 5.75%, 4/15/25(4)		66		70,716
Caesars Resort Collection, LLC/CRC Finco, Inc., 5.25%, 10/15/25(4)		232		209,481
Gateway Casinos & Entertainment, Ltd., 8.25%, 3/1/24(4)		490		383,986
Golden Nugget, Inc., 6.75%, 10/15/24(4)		266		186,533
Lithia Motors, Inc., 4.625%, 12/15/27(4)		91		96,942
Viking Cruises, Ltd., 5.875%, 9/15/27(4)		700		461,562
Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp., 5.25%, 5/15/27(4)		100		89,243
			$	2,661,977

12

Security	Principal Amount* (000’s omitted)		Value
Household Products — 0.3%
CD&R Smokey Buyer, Inc., 6.75%, 7/15/25(4)		83	$	88,914
Central Garden & Pet Co., 5.125%, 2/1/28		50		53,053
Central Garden & Pet Co., 6.125%, 11/15/23		235		242,613
Prestige Brands, Inc., 5.125%, 1/15/28(4)		64		67,314
Spectrum Brands, Inc., 5.00%, 10/1/29(4)		73		75,450
Spectrum Brands, Inc., 5.50%, 7/15/30(4)		114		118,560
Spectrum Brands, Inc., 5.75%, 7/15/25		120		123,900
			$	769,804
Independent Power and Renewable Electricity Producers — 0.5%
Calpine Corp., 4.50%, 2/15/28(4)		195	$	201,665
Calpine Corp., 5.125%, 3/15/28(4)		273		283,965
Calpine Corp., 5.25%, 6/1/26(4)		150		156,436
Calpine Corp., 5.50%, 2/1/24		45		45,806
Calpine Corp., 5.75%, 1/15/25		295		304,292
NRG Energy, Inc., 5.75%, 1/15/28		210		231,301
NRG Energy, Inc., 7.25%, 5/15/26		271		292,904
			$	1,516,369
Industrial Conglomerates — 0.4%
Ellaktor Value PLC, 6.375%, 12/15/24(7)	EUR	1,100	$	1,018,871
Hillman Group, Inc. (The), 6.375%, 7/15/22(4)		139		136,708
			$	1,155,579
Insurance — 1.1%
Alliant Holdings Intermediate, LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27(4)		553	$	588,497
AmWINS Group, Inc., 7.75%, 7/1/26(4)		236		260,735
Galaxy Finco, Ltd., 9.25%, 7/31/27(7)	GBP	825		1,085,325
GTCR AP Finance, Inc., 8.00%, 5/15/27(4)		195		206,419
Hub International, Ltd., 7.00%, 5/1/26(4)		440		461,342
QBE Insurance Group, Ltd., 5.875% to 5/12/25(4)(6)(8)		222		233,100
USI, Inc., 6.875%, 5/1/25(4)		169		173,752
			$	3,009,170
Internet & Direct Marketing Retail — 0.0%(1)
Expedia Group, Inc., 6.25%, 5/1/25(4)		84	$	91,971
Expedia Group, Inc., 7.00%, 5/1/25(4)		42		45,523
			$	137,494
Leisure Products — 0.2%
Carnival Corp., 11.50%, 4/1/23(4)		95	$	103,524
NCL Corp, Ltd., 3.625%, 12/15/24(4)		189		125,264
NCL Corp, Ltd., 10.25%, 2/1/26(4)		155		155,000
Sabre GLBL, Inc., 9.25%, 4/15/25(4)		86		94,869
			$	478,657

13

Security	Principal Amount* (000’s omitted)		Value
Machinery — 0.2%
Colfax Corp., 6.00%, 2/15/24(4)		83	$	87,574
Colfax Corp., 6.375%, 2/15/26(4)		136		147,093
Navistar International Corp., 6.625%, 11/1/25(4)		232		238,404
			$	473,071
Media — 3.1%
Altice France S.A., 7.375%, 5/1/26(4)		455	$	485,804
Altice France S.A., 8.125%, 2/1/27(4)		458		512,436
CCO Holdings, LLC/CCO Holdings Capital Corp., 4.25%, 2/1/31(4)		286		298,796
CCO Holdings, LLC/CCO Holdings Capital Corp., 4.50%, 8/15/30(4)		290		307,735
CCO Holdings, LLC/CCO Holdings Capital Corp., 4.50%, 5/1/32(4)		136		143,650
CCO Holdings, LLC/CCO Holdings Capital Corp., 4.75%, 3/1/30(4)		322		343,131
CCO Holdings, LLC/CCO Holdings Capital Corp., 5.375%, 6/1/29(4)		110		120,575
CCO Holdings, LLC/CCO Holdings Capital Corp., 5.875%, 4/1/24(4)		133		137,748
CSC Holdings, LLC, 5.75%, 1/15/30(4)		616		683,640
CSC Holdings, LLC, 5.875%, 9/15/22		50		53,736
CSC Holdings, LLC, 7.50%, 4/1/28(4)		200		230,337
CSC Holdings, LLC, 10.875%, 10/15/25(4)		422		452,848
Diamond Sports Group, LLC/Diamond Sports Finance Co., 5.375%, 8/15/26(4)		369		285,047
DISH DBS Corp., 7.75%, 7/1/26		119		134,335
iHeartCommunications, Inc., 8.375%, 5/1/27		140		138,710
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27(4)		200		216,350
Live Nation Entertainment, Inc., 4.75%, 10/15/27(4)		217		201,065
Outfront Media Capital, LLC/Outfront Media Capital Corp., 6.25%, 6/15/25(4)		137		139,483
Sinclair Television Group, Inc., 5.50%, 3/1/30(4)		188		188,261
Sirius XM Radio, Inc., 4.625%, 7/15/24(4)		291		306,787
Sirius XM Radio, Inc., 5.00%, 8/1/27(4)		218		232,668
Summer (BC) Holdco B S.a.r.l., 5.75%, 10/31/26(7)	EUR	520		592,416
TEGNA, Inc., 4.625%, 3/15/28(4)		108		107,055
TEGNA, Inc., 5.00%, 9/15/29(4)		181		182,640
Tele Columbus AG, 3.875%, 5/2/25(7)	EUR	390		437,634
Terrier Media Buyer, Inc., 8.875%, 12/15/27(4)		512		525,760
UPCB Finance VII, Ltd., 3.625%, 6/15/29(7)	EUR	266		311,675
Virgin Media Secured Finance PLC, 5.50%, 8/15/26(4)		210		223,691
Virgin Media Vendor Financing Notes III DAC, 4.875%, 7/15/28(7)	GBP	350		465,685
			$	8,459,698
Metals & Mining — 1.8%
Allegheny Ludlum, LLC, 6.95%, 12/15/25		1,050	$	1,017,077
Arconic Corp., 6.125%, 2/15/28(4)		436		466,117
Bombardier, Inc., 6.00%, 10/15/22(4)		343		319,847
Bombardier, Inc., 6.125%, 1/15/23(4)		238		204,918
Bombardier, Inc., 7.875%, 4/15/27(4)		107		85,507
BWX Technologies, Inc., 4.125%, 6/30/28(4)		159		165,956
Centennial Resource Production, LLC, 5.375%, 1/15/26(4)		320		144,339
Cleveland-Cliffs, Inc., 6.75%, 3/15/26(4)		360		362,250
Cleveland-Cliffs, Inc., 9.875%, 10/17/25(4)		78		85,312

14

Security	Principal Amount* (000’s omitted)		Value
Eldorado Gold Corp., 9.50%, 6/1/24(4)		97	$	106,326
Freeport-McMoRan, Inc., 4.55%, 11/14/24		75		81,945
Freeport-McMoRan, Inc., 5.45%, 3/15/43		297		330,995
Hudbay Minerals, Inc., 7.25%, 1/15/23(4)		115		116,857
Infrabuild Australia Pty, Ltd., 12.00%, 10/1/24(4)		709		670,005
Joseph T. Ryerson & Son, Inc., 8.50%, 8/1/28(4)		190		203,775
New Gold, Inc., 6.375%, 5/15/25(4)		114		118,406
New Gold, Inc., 7.50%, 7/15/27(4)		271		295,729
Novelis Corp., 5.875%, 9/30/26(4)		180		192,269
			$	4,967,630
Multi-Utilities — 0.3%
Centerpoint Energy, Inc., Series A, 6.125% to 9/1/23(6)(8)		425	$	422,577
Thames Water Kemble Finance PLC, 5.875%, 7/15/22(7)	GBP	375		502,470
			$	925,047
Oil, Gas & Consumable Fuels — 3.2%
Apache Corp., 3.25%, 4/15/22		52	$	52,413
Apache Corp., 3.625%, 2/1/21		16		16,059
Apache Corp., 4.25%, 1/15/30		265		255,804
Apache Corp., 4.25%, 1/15/44		40		35,909
Apache Corp., 4.375%, 10/15/28		132		132,165
Apache Corp., 4.75%, 4/15/43		26		24,765
Apache Corp., 5.25%, 2/1/42		22		21,038
Archrock Partners, L.P./Archrock Partners Finance Corp., 6.25%, 4/1/28(4)		135		136,687
Ascent Resources Utica Holdings, LLC/ARU Finance Corp., 7.00%, 11/1/26(4)		336		216,236
Berry Petroleum Co., LLC, 7.00%, 2/15/26(4)		115		92,409
Cenovus Energy, Inc., 3.80%, 9/15/23		64		64,197
Cenovus Energy, Inc., 5.40%, 6/15/47		107		96,443
Cenovus Energy, Inc., 6.75%, 11/15/39		253		264,142
Centennial Resource Production, LLC, 6.875%, 4/1/27(4)		365		166,223
Continental Resources, Inc., 4.375%, 1/15/28		206		192,526
Continental Resources, Inc., 4.90%, 6/1/44		8		6,907
Crown Americas, LLC/Crown Americas Capital Corp. V, 4.25%, 9/30/26		110		117,033
Crown Americas, LLC/Crown Americas Capital Corp. VI, 4.75%, 2/1/26		120		125,645
CrownRock, L.P./CrownRock Finance, Inc., 5.625%, 10/15/25(4)		370		363,525
CVR Energy, Inc., 5.75%, 2/15/28(4)		229		205,596
DCP Midstream, L.P., Series A, 7.375% to 12/15/22(6)(8)		160		118,255
Endeavor Energy Resources, L.P./EER Finance, Inc., 5.50%, 1/30/26(4)		155		156,225
Endeavor Energy Resources, L.P./EER Finance, Inc., 5.75%, 1/30/28(4)		125		128,571
EnLink Midstream Partners, L.P., Series C, 6.00% to 12/15/22(6)(8)		432		170,640
EP Energy, LLC/Everest Acquisition Finance, Inc., 7.75%, 5/15/26(4)(12)		149		41,348
EQT Corp., 6.125%, 2/1/25		214		236,234
EQT Corp., 7.00%, 2/1/30		102		118,223
Extraction Oil & Gas, Inc., 5.625%, 2/1/26(4)(12)		287		61,292
Extraction Oil & Gas, Inc., 7.375%, 5/15/24(4)(12)		223		49,873

15

Security	Principal Amount* (000’s omitted)		Value
Gran Tierra Energy, Inc., 7.75%, 5/23/27(4)		250	$	120,156
Great Western Petroleum, LLC/Great Western Finance Corp., 9.00%, 9/30/21(4)		418		240,350
Laredo Petroleum, Inc., 9.50%, 1/15/25		74		53,557
Laredo Petroleum, Inc., 10.125%, 1/15/28		112		79,800
Matador Resources Co., 5.875%, 9/15/26		370		282,536
MEG Energy Corp., 7.125%, 2/1/27(4)		184		164,220
Moss Creek Resources Holdings, Inc., 7.50%, 1/15/26(4)		275		161,166
Murphy Oil USA, Inc., 4.75%, 9/15/29		131		138,793
Murphy Oil USA, Inc., 5.625%, 5/1/27		65		69,131
Nabors Industries, Ltd., 7.25%, 1/15/26(4)		110		69,747
Nabors Industries, Ltd., 7.50%, 1/15/28(4)		118		75,334
Neptune Energy Bondco PLC, 6.625%, 5/15/25(7)		525		461,010
Nine Energy Service, Inc., 8.75%, 11/1/23(4)		92		42,694
Occidental Petroleum Corp., 1.842%, (3 mo. USD LIBOR + 1.45%), 8/15/22(11)		40		37,507
Occidental Petroleum Corp., 2.60%, 4/15/22		47		45,875
Occidental Petroleum Corp., 2.70%, 8/15/22		53		51,262
Occidental Petroleum Corp., 2.90%, 8/15/24		16		15,087
Occidental Petroleum Corp., 3.125%, 2/15/22		3		2,965
Occidental Petroleum Corp., 3.45%, 7/15/24		42		38,850
Occidental Petroleum Corp., 3.50%, 8/15/29		101		89,927
Occidental Petroleum Corp., 4.20%, 3/15/48		156		126,992
Occidental Petroleum Corp., 4.40%, 8/15/49		125		102,151
Occidental Petroleum Corp., 4.625%, 6/15/45		84		69,955
Occidental Petroleum Corp., 6.20%, 3/15/40		81		78,924
Odebrecht Oil & Gas Finance, Ltd., 0.00%(4)(8)		862		2,586
Parsley Energy, LLC/Parsley Finance Corp., 5.25%, 8/15/25(4)		75		76,398
Parsley Energy, LLC/Parsley Finance Corp., 5.625%, 10/15/27(4)		137		143,764
PBF Holding Co., LLC/PBF Finance Corp., 6.00%, 2/15/28(4)		250		201,719
PBF Holding Co., LLC/PBF Finance Corp., 7.25%, 6/15/25		226		203,828
Plains All American Pipeline, L.P., Series B, 6.125% to 11/15/22(6)(8)		710		496,823
Precision Drilling Corp., 5.25%, 11/15/24		50		35,307
Precision Drilling Corp., 6.50%, 12/15/21		5		4,345
Precision Drilling Corp., 7.125%, 1/15/26(4)		75		52,017
Precision Drilling Corp., 7.75%, 12/15/23		33		24,870
Shelf Drilling Holdings, Ltd., 8.25%, 2/15/25(4)		440		168,571
SM Energy Co., 5.00%, 1/15/24		11		6,090
SM Energy Co., 5.625%, 6/1/25		83		43,463
SM Energy Co., 6.125%, 11/15/22		326		242,386
Sunoco, L.P./Sunoco Finance Corp., 4.875%, 1/15/23		145		147,885
Targa Resources Partners, L.P./Targa Resources Partners Finance Corp., 5.875%, 4/15/26		155		165,022
Teleflex, Inc., 4.25%, 6/1/28(4)		39		41,827
Teleflex, Inc., 4.625%, 11/15/27		160		173,374
Transocean Pontus, Ltd., 6.125%, 8/1/25(4)		100		93,437
Transocean Poseidon, Ltd., 6.875%, 2/1/27(4)		51		46,792
Transocean, Inc., 7.25%, 11/1/25(4)		190		94,050
Transocean, Inc., 7.50%, 1/15/26(4)		84		42,000
WPX Energy, Inc., 5.25%, 10/15/27		67		66,192
			$	8,857,118

16

Security	Principal Amount* (000’s omitted)		Value
Pharmaceuticals — 1.5%
AdaptHealth, LLC, 6.125%, 8/1/28(4)		110	$	114,911
Bausch Health Americas, Inc., 8.50%, 1/31/27(4)		448		499,079
Bausch Health Americas, Inc., 9.25%, 4/1/26(4)		105		118,230
Bausch Health Cos., Inc., 5.00%, 1/30/28(4)		190		191,184
Bausch Health Cos., Inc., 5.25%, 1/30/30(4)		376		384,411
Bausch Health Cos., Inc., 5.50%, 3/1/23(4)		35		35,128
Bausch Health Cos., Inc., 5.50%, 11/1/25(4)		129		133,994
Bausch Health Cos., Inc., 5.75%, 8/15/27(4)		72		78,314
Bausch Health Cos., Inc., 5.875%, 5/15/23(4)		3		3,002
Bausch Health Cos., Inc., 6.125%, 4/15/25(4)		60		62,010
Bausch Health Cos., Inc., 6.25%, 2/15/29(4)		255		271,279
Bausch Health Cos., Inc., 7.00%, 3/15/24(4)		281		293,920
Bausch Health Cos., Inc., 7.00%, 1/15/28(4)		94		102,384
Bausch Health Cos., Inc., 7.25%, 5/30/29(4)		98		107,965
Bausch Health Cos., Inc., 9.00%, 12/15/25(4)		245		271,019
Catalent Pharma Solutions, Inc., 4.875%, 1/15/26(4)		270		278,386
Grifols S.A., 2.25%, 11/15/27(7)	EUR	410		480,896
Herbalife Nutrition, Ltd./HLF Financing, Inc., 7.875%, 9/1/25(4)		198		215,572
Nidda Healthcare Holding GmbH, 3.50%, 9/30/24(7)	EUR	426		497,598
			$	4,139,282
Pipelines — 0.6%
Antero Midstream Partners, L.P./Antero Midstream Finance Corp., 5.75%, 3/1/27(4)		327	$	286,660
Cheniere Energy Partners, L.P., 4.50%, 10/1/29		199		210,799
Cheniere Energy Partners, L.P., 5.625%, 10/1/26		115		121,664
Crestwood Midstream Partners, L.P./Crestwood Midstream Finance Corp., 5.625%, 5/1/27(4)		190		178,249
Energy Transfer Operating, L.P., 5.875%, 1/15/24		15		16,539
Energy Transfer Operating, L.P., Series A, 6.25% to 2/15/23(6)(8)		110		78,429
Energy Transfer Operating, L.P., Series B, 6.625% to 2/15/28(6)(8)		188		135,688
EnLink Midstream, LLC, 5.375%, 6/1/29		117		93,845
EQM Midstream Partners, L.P., 6.00%, 7/1/25(4)		116		123,182
EQM Midstream Partners, L.P., 6.50%, 7/1/27(4)		116		128,066
Five Point Operating Co., L.P./Five Point Capital Corp., 7.875%, 11/15/25(4)		123		119,234
NGPL PipeCo, LLC, 4.375%, 8/15/22(4)		50		51,892
Western Midstream Operating, L.P., 4.50%, 3/1/28		27		27,203
Western Midstream Operating, L.P., 4.75%, 8/15/28		24		24,294
Western Midstream Operating, L.P., 5.05%, 2/1/30		207		209,891
			$	1,805,635
Real Estate Investment Trusts (REITs) — 1.1%
ADO Properties S.A., 3.25%, 8/5/25(7)(9)	EUR	500	$	586,472
Brookfield Property REIT, Inc./BPR Cumulus, LLC/BPR Nimbus, LLC/GGSI Sellco, LLC, 5.75%, 5/15/26(4)		287		237,989
Consus Real Estate AG, 9.625%, 5/15/24(7)	EUR	330		421,765
Greystar Real Estate Partners, LLC, 5.75%, 12/1/25(4)		333		337,162
HAT Holdings I, LLC/HAT Holdings II, LLC, 6.00%, 4/15/25(4)		127		136,843
Iron Mountain, Inc., 5.25%, 7/15/30(4)		194		203,821
Iron Mountain, Inc., 5.625%, 7/15/32(4)		132		141,915

17

Security	Principal Amount* (000’s omitted)		Value
RHP Hotel Properties, L.P./RHP Finance Corp., 5.00%, 4/15/23		91	$	88,829
Service Properties Trust, 7.50%, 9/15/25		167		177,240
VICI Properties, L.P./VICI Note Co., Inc., 3.75%, 2/15/27(4)		198		199,826
VICI Properties, L.P./VICI Note Co., Inc., 4.125%, 8/15/30(4)		198		200,624
VICI Properties, L.P./VICI Note Co., Inc., 4.25%, 12/1/26(4)		300		309,473
			$	3,041,959
Real Estate Management & Development — 0.1%
AT Securities B.V., 5.25% to 7/21/23(6)(7)(8)		250	$	252,324
			$	252,324
Software — 0.5%
BY Crown Parent, LLC/BY Bond Finance, Inc., 4.25%, 1/31/26(4)		60	$	62,418
CDK Global, Inc., 5.25%, 5/15/29(4)		96		105,215
j2 Cloud Services, LLC/j2 Global Co-Obligor, Inc., 6.00%, 7/15/25(4)		255		266,194
MSCI, Inc., 3.625%, 9/1/30(4)		91		96,161
MSCI, Inc., 3.875%, 2/15/31(4)		220		239,250
Open Text Corp., 3.875%, 2/15/28(4)		179		187,307
Open Text Holdings, Inc., 4.125%, 2/15/30(4)		157		165,155
PTC, Inc., 3.625%, 2/15/25(4)		89		92,495
PTC, Inc., 4.00%, 2/15/28(4)		89		93,704
SS&C Technologies, Inc., 5.50%, 9/30/27(4)		95		102,244
			$	1,410,143
Specialty Retail — 0.7%
Asbury Automotive Group, Inc., 4.50%, 3/1/28(4)		24	$	24,684
Asbury Automotive Group, Inc., 4.75%, 3/1/30(4)		34		34,935
B&M European Value Retail S.A., 3.625%, 7/15/25(7)	GBP	410		543,197
Burlington Coat Factory Warehouse Corp., 6.25%, 4/15/25(4)		177		189,722
Entegris, Inc., 4.375%, 4/15/28(4)		166		175,705
Entegris, Inc., 4.625%, 2/10/26(4)		77		80,095
Ferrellgas, L.P./Ferrellgas Finance Corp., 10.00%, 4/15/25(4)		216		238,275
IRB Holding Corp., 7.00%, 6/15/25(4)		77		83,882
L Brands, Inc., 6.75%, 7/1/36		46		44,544
L Brands, Inc., 6.875%, 7/1/25(4)		76		81,965
L Brands, Inc., 6.875%, 11/1/35		237		227,597
L Brands, Inc., 7.60%, 7/15/37		45		38,443
L Brands, Inc., 9.375%, 7/1/25(4)		53		59,161
Yum! Brands, Inc., 7.75%, 4/1/25(4)		54		60,716
			$	1,882,921
Technology Hardware, Storage & Peripherals — 0.5%
Dell International, LLC/EMC Corp., 5.45%, 6/15/23(4)		135	$	148,815
Dell International, LLC/EMC Corp., 5.85%, 7/15/25(4)		90		105,004
Dell International, LLC/EMC Corp., 6.02%, 6/15/26(4)		315		369,558
Dell International, LLC/EMC Corp., 6.10%, 7/15/27(4)		182		215,447
Dell International, LLC/EMC Corp., 6.20%, 7/15/30(4)		90		109,810
Presidio Holdings, Inc., 4.875%, 2/1/27(4)		63		64,368
Presidio Holdings, Inc., 8.25%, 2/1/28(4)		176		183,590
Science Applications International Corp., 4.875%, 4/1/28(4)		64		67,150
			$	1,263,742

18

Security	Principal Amount* (000’s omitted)		Value
Telecommunications — 2.4%
Altice France Holding S.A., 5.875%, 2/1/27(7)	EUR	225	$	283,927
Altice France Holding S.A., 6.00%, 2/15/28(4)		200		200,129
Altice France Holding S.A., 10.50%, 5/15/27(4)		200		229,625
Connect Finco S.a.r.l./Connect US Finco, LLC, 6.75%, 10/1/26(4)		281		288,573
Hughes Satellite Systems Corp., 5.25%, 8/1/26		145		159,709
Hughes Satellite Systems Corp., 6.625%, 8/1/26		95		106,026
Intelsat Jackson Holdings S.A., 5.50%, 8/1/23(12)		30		18,863
Intelsat Jackson Holdings S.A., 8.00%, 2/15/24(4)(12)		200		204,582
Intelsat Jackson Holdings S.A., 8.50%, 10/15/24(4)(12)		216		143,100
PLT VII Finance S.a.r.l., 4.625%, 1/5/26(7)	EUR	460		552,597
SoftBank Group Corp., 4.00%, 4/20/23(7)	EUR	100		121,924
Sprint Capital Corp., 6.875%, 11/15/28		346		449,610
Sprint Corp., 7.875%, 9/15/23		1,454		1,690,275
T-Mobile USA, Inc., 4.50%, 2/1/26		155		159,940
T-Mobile USA, Inc., 4.75%, 2/1/28		170		184,424
Telecom Italia Capital S.A., 6.00%, 9/30/34		337		410,238
Telecom Italia SpA, 2.75%, 4/15/25(7)	EUR	275		335,885
Telecom Italia SpA, 3.00%, 9/30/25(7)	EUR	520		640,120
ViaSat, Inc., 5.625%, 4/15/27(4)		143		151,868
Vodafone Group PLC, 4.875% to 7/3/25, 10/3/78(6)(7)	GBP	215		300,359
			$	6,631,774
Textiles, Apparel & Luxury Goods — 0.2%
Hanesbrands Finance Luxembourg SCA, 3.50%, 6/15/24(7)	EUR	400	$	477,522
			$	477,522
Transportation — 0.2%
Cargo Aircraft Management, Inc., 4.75%, 2/1/28(4)		127	$	130,175
CMA CGM S.A., 5.25%, 1/15/25(7)	EUR	127		126,217
Watco Cos., LLC/Watco Finance Corp., 6.50%, 6/15/27(4)		318		341,055
XPO Logistics, Inc., 6.125%, 9/1/23(4)		80		81,784
			$	679,231
Water Utilities — 0.2%
Anglian Water Osprey Financing PLC, 4.00%, 3/8/26(7)	GBP	475	$	618,355
			$	618,355
Wireless Telecommunication Services — 0.1%
Sprint Corp., 7.625%, 3/1/26		157	$	196,485
			$	196,485
Total Corporate Bonds & Notes (identified cost $106,648,366)			$	106,849,476

19

Senior Floating-Rate Loans — 1.2%(13)
Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Business Equipment and Services — 0.2%
EIG Investors Corp., Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing 2/9/23	$	400	$	397,107
Hillman Group, Inc. (The), Term Loan, 5.07%, (6 mo. USD LIBOR + 4.00%), Maturing 5/31/25		115		110,058
			$	507,165
Farming/Agriculture — 0.0%(1)
BellRing Brands, LLC, Term Loan, 6.00%, (1 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing 10/21/24	$	98	$	98,330
			$	98,330
Financial Intermediaries — 0.1%
Spectacle Gary Holdings, LLC, Term Loan, 11.00%, (3 mo. USD LIBOR + 9.00%, Floor 2.00%), Maturing 12/23/25	$	162	$	152,103
Spectacle Gary Holdings, LLC, Term Loan, 11.00%, Maturing 12/23/25(14)		12		11,022
			$	163,125
Food Products — 0.1%
HLF Financing S.a.r.l., Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing 8/18/25	$	290	$	286,468
			$	286,468
Industrial Equipment — 0.1%
Welbilt, Inc., Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing 10/23/25	$	150	$	132,368
			$	132,368
Insurance — 0.3%
Asurion, LLC, Term Loan - Second Lien, 6.66%, (1 mo. USD LIBOR + 6.50%), Maturing 8/4/25	$	851	$	859,474
			$	859,474
Leisure Goods/Activities/Movies — 0.2%
Playtika Holding Corp., Term Loan, 7.07%, (6 mo. USD LIBOR + 6.00%), Maturing 12/10/24	$	566	$	571,641
			$	571,641
Lodging and Casinos — 0.0%(1)
Stars Group Holdings B.V. (The), Term Loan, 3.81%, (3 mo. USD LIBOR + 3.50%), Maturing 7/10/25	$	105	$	104,746
			$	104,746
Publishing — 0.0%(1)
Nielsen Finance, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing 6/4/25	$	70	$	70,130
			$	70,130
Retailers (Except Food and Drug) — 0.1%
PetSmart, Inc., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing 3/11/22	$	332	$	331,348
			$	331,348

20

Borrower/Tranche Description	Principal Amount (000’s omitted)		Value
Steel — 0.1%
Big River Steel, LLC, Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing 8/23/23	$	170	$	161,891
			$	161,891
Telecommunications — 0.0%(1)
Intelsat Jackson Holdings S.A., Term Loan, 8.63%, Maturing 1/2/24(15)	$	110	$	111,581
			$	111,581
Total Senior Floating-Rate Loans (identified cost $3,382,428)			$	3,398,267
Convertible Bonds — 0.1%
Security	Principal Amount (000’s omitted)		Value
Air Transportation — 0.1%
Air Transport Services Group, Inc., 1.125%, 10/15/24	$	169	$	170,847
			$	170,847
Leisure — 0.0%(1)
Royal Caribbean Cruises, Ltd., 4.25%, 6/15/23(4)	$	29	$	27,647
			$	27,647
Total Convertible Bonds (identified cost $181,700)			$	198,494
Exchange-Traded Funds — 0.4%
Security	Shares		Value
Equity Funds — 0.4%
First Trust Preferred Securities and Income ETF		25,591	$	489,812
iShares Preferred & Income Securities ETF		13,982		505,869
Total Exchange-Traded Funds (identified cost $974,552)			$	995,681
Convertible Preferred Stocks — 0.0%(1)
Security	Shares		Value
Health Care Equipment & Supplies — 0.0%(1)
Becton Dickinson and Co., Series B		2,000	$	120,600
			$	120,600
Total Convertible Preferred Stocks (identified cost $101,997)			$	120,600

21

Warrants — 0.0%(1)
Security	Shares		Value
Media — 0.0%(1)
iHeartMedia, Inc., Exp. 5/1/39(2)		3,627	$	30,322
			$	30,322
Total Warrants (identified cost $60,109)			$	30,322
Short-Term Investments — 0.3%
Description	Units		Value
Eaton Vance Cash Reserves Fund, LLC, 0.22%(16)		960,833	$	960,737
Total Short-Term Investments (identified cost $960,750)			$	960,737
Total Investments — 98.0% (identified cost $245,935,768)			$	271,151,246
Less Unfunded Loan Commitments — (0.0)%(1)			$	(11,757	)
Net Investments — 98.0% (identified cost $245,924,011)			$	271,139,489
Other Assets, Less Liabilities — 2.0%			$	5,393,786
Net Assets — 100.0%			$	276,533,275

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

* In U.S. dollars unless otherwise indicated.

(1) Amount is less than 0.05% or (0.05)%, as applicable.

(2) Non-income producing security.

(3) For fair value measurement disclosure purposes, security is categorized as Level 3.

(4) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At July 31, 2020, the aggregate value of these securities is $53,828,508 or 19.5% of the Portfolio’s net assets.

(5) Security (or a portion thereof) has been pledged as collateral for open futures contracts.

(6) Security converts to variable rate after the indicated fixed-rate coupon period.

(7) Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At July 31, 2020, the aggregate value of these securities is $24,632,806 or 8.9% of the Portfolio’s net assets.

22

(8) Perpetual security with no stated maturity date but may be subject to calls by the issuer.

(9) When-issued security.

(10) Represents a payment-in-kind security which may pay interest in additional principal at the issuer’s discretion.

(11) Variable rate security. The stated interest rate represents the rate in effect at July 31, 2020.

(12) Issuer is in default with respect to interest and/or principal payments.

(13) 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.

(14) Unfunded loan commitment. The Fund is obligated to fund this commitment at the borrower’s discretion. The stated interest rate represents the commitment fee in effect at July 31, 2020. At July 31, 2020, the total value of unfunded loan commitments is $11,022.

(15) Fixed-rate loan.

(16) Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of July 31, 2020.

Country Concentration of Portfolio

Country	Percentage of Total Investments			Value
United States		55.9	%	$	151,487,159
United Kingdom		7.9			21,513,440
Japan		4.6			12,513,676
Germany		4.6			12,367,812
France		4.3			11,568,635
Switzerland		4.1			11,035,404
Spain		2.8			7,754,445
Canada		2.5			6,782,217
Netherlands		1.8			4,789,885
Luxembourg		1.7			4,565,487
Italy		1.4			3,863,400
Sweden		1.3			3,475,858
Finland		1.3			3,419,663
Denmark		0.9			2,450,960
Australia		0.9			2,358,669
Ireland		0.9			2,434,347
Taiwan		0.7			1,802,084
Hong Kong		0.5			1,462,259
China		0.4			1,238,608
United Arab Emirates		0.4			1,226,572
Greece		0.4			1,018,871
India		0.2			668,628
Mexico		0.1			354,900
Brazil		0.0	(1)		2,586
Exchange-Traded Funds		0.4			995,681
Total Investments		100.0	%	$	271,151,246

(1) Amount is less than 0.05%.

23

Forward Foreign Currency Exchange Contracts

Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation		Unrealized (Depreciation)
EUR	494,355	USD	582,642	Citibank, N.A.		8/5/20	$	—	$	(304	)
USD	214,945	EUR	195,170	State Street Bank and Trust Company		8/31/20		—		(15,086	)
USD	7,298,496	EUR	6,488,573	Goldman Sachs International		9/30/20		—		(354,018	)
USD	7,248,439	EUR	6,443,750	State Street Bank and Trust Company		9/30/20		—		(351,211	)
							$	—	$	(720,619	)

Futures Contracts

Description	Number of Contracts			Position		Expiration Date		Notional Amount			Value/Unrealized Appreciation (Depreciation)
Equity Futures
E-mini S&P 500 Index		74			Long		9/18/20	$	12,074,950		$	891,333
STOXX Europe 600 Banks Index		(426	)		Short		9/18/20		(8,939,691	)		(158,925	)
STOXX Europe 600 Index		(195	)		Short		9/18/20		(2,775,929	)		26,840
											$	759,248

Abbreviations:

ADR	-	American Depositary Receipt
EURIBOR	-	Euro Interbank Offered Rate
LIBOR	-	London Interbank Offered Rate
PC	-	Participation Certificate
PIK	-	Payment In Kind

Currency Abbreviations:

EUR	-	Euro
GBP	-	British Pound Sterling
USD	-	United States Dollar

At July 31, 2020, the Portfolio had sufficient cash and/or securities to cover commitments under open derivative contracts.

In the normal course of pursuing its investment objective, the Portfolio is subject to the following risks:

Equity Price Risk: The Portfolio enters into equity futures contracts on securities indices to gain or limit exposure to certain markets, particularly in connection with engaging in the dividend capture trading strategy.

Foreign Exchange Risk: Because the Portfolio 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 Portfolio enters into forward foreign currency exchange contracts.

24

At July 31, 2020, the value of the Portfolio’s investment in affiliated funds was $960,737, which represents 0.3% of the Portfolio’s net assets. Transactions in affiliated funds by the Portfolio for the fiscal year to date ended July 31, 2020 were as follows:

Name of affiliated fund	Value, beginning of period		Purchases		Sales proceeds			Net realized gain (loss)			Change in unrealized appreciation (depreciation)			Value, end of period		Dividend income		Units, end of period
Short-Term Investments
Eaton Vance Cash Reserves Fund, LLC	$	1,345,311	$	124,250,495	$	(124,632,448	)	$	(2,607	)	$	(14	)	$	960,737	$	19,667		960,833

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.

25

At July 31, 2020, the hierarchy of inputs used in valuing the Portfolio’s investments and open derivative instruments, which are carried at value, were as follows:

Asset Description	Level 1			Level 2			Level 3*		Total
Common Stocks
Communication Services	$	10,131,929		$	4,367,671		$	—	$	14,499,600
Consumer Discretionary		9,925,742			9,592,753			—		19,518,495
Consumer Staples		2,680,111			9,795,135			—		12,475,246
Energy		3,785,105			—			—		3,785,105
Financials		10,139,411			10,172,115			—		20,311,526
Health Care		9,984,004			10,547,364			—		20,531,368
Industrials		4,107,108			13,445,744			3,420		17,556,272
Information Technology		18,790,884			11,337,988			—		30,128,872
Materials		—			5,744,967			—		5,744,967
Real Estate		2,034,584			—			—		2,034,584
Utilities		2,272,971			6,808,725			—		9,081,696
Total Common Stocks	$	73,851,849		$	81,812,462	**	$	3,420	$	155,667,731
Preferred Stocks
Consumer Staples	$	—		$	462,715		$	—	$	462,715
Energy		526,386			—			—		526,386
Financials		486,270			118,190			—		604,460
Industrials		108,480			—			—		108,480
Real Estate		562,305			—			—		562,305
Utilities		580,272			85,320			—		665,592
Total Preferred Stocks	$	2,263,713		$	666,225		$	—	$	2,929,938
Corporate Bonds & Notes	$	—		$	106,849,476		$	—	$	106,849,476
Senior Floating-Rate Loans (Less Unfunded Loan Commitments)		—			3,386,510			—		3,386,510
Convertible Bonds		—			198,494			—		198,494
Exchange-Traded Funds		995,681			—			—		995,681
Convertible Preferred Stocks		120,600			—			—		120,600
Warrants		30,322			—			—		30,322
Short-Term Investments		—			960,737			—		960,737
Total Investments	$	77,262,165		$	193,873,904		$	3,420	$	271,139,489
Futures Contracts	$	918,173		$	—		$	—	$	918,173
Total	$	78,180,338		$	193,873,904		$	3,420	$	272,057,662
Liability Description
Forward Foreign Currency Exchange Contracts	$	—		$	(720,619	)	$	—	$	(720,619	)
Futures Contracts		(158,925	)		—			—		(158,925	)
Total	$	(158,925	)	$	(720,619	)	$	—	$	(879,544	)

* None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Portfolio.

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

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended July 31, 2020 is not presented.

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

26