Eaton Vance NextShares Trust II (EVLMC) N-CSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FormN-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number: 811-22983

Eaton Vance NextShares Trust II

(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

(Registrant’s Telephone Number)

October 31

Date of Fiscal Year End

April 30, 2019

Date of Reporting Period

Item 1. Reports to Stockholders

Eaton Vance

Floating-Rate NextShares (EVFTC)

Listing Exchange:  The NASDAQ Stock Market LLC

Semiannual Report

April 30, 2019

Important Note. Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Fund’s annual and semi-annual shareholder reports will no longer be sent by mail unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Fund’s website (eatonvance.com/nextsharesdocuments), and you will be notified by mail each time a report is posted and provided with a website address to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Fund electronically by contacting your financial intermediary (such as a financial advisor, broker-dealer or bank).

You may elect to receive all future Fund shareholder reports in paper free of charge. You can contact your financial intermediary or follow instructions included with this disclosure, if applicable, to elect to continue to receive paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held through your financial intermediary.

NextShares^® is a registered trademark of NextShares Solutions LLC. All rights reserved.

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 Fund’s 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.

This report must be preceded or accompanied by a current summary prospectus or prospectus. Before investing in NextShares, investors should consider carefully the investment objectives, risks, charges and expenses. This and other important information is contained in the prospectus and summary prospectus, which can be obtained from a financial advisor. Prospective investors should read the prospectus carefully before investing. For further information, please call1-800-262-1122.

Semiannual Report April 30, 2019

Eaton Vance

Floating-Rate NextShares

Table of Contents

Performance	2
Fund Profile	2
Endnotes and Additional Disclosures	3
Fund Expenses	4
Financial Statements	5
Board of Trustees’ Contract Approval	46
Officers and Trustees	49
Important Notices	50

Eaton Vance

Floating-Rate NextShares

April 30, 2019

Performance^1,2,3

Portfolio Managers Scott H. Page, CFA, Craig P. Russ and Andrew N. Sveen, CFA

% Average Annual Total Returns	Fund Inception Date		Performance Inception Date		Six Months			One Year			Five Years			Ten Years			Since Fund Inception
Fund at NAV		11/29/2017		1/30/2001		1.53	%		3.71	%		3.87	%		6.76	%		4.57	%
Fund at Market Price		11/29/2017		11/29/2017		1.53			3.71			—			—			4.57
S&P/LSTA Leveraged Loan Index		—		—		2.09	%		4.24	%		3.93	%		7.25	%		4.65	%
% Total Annual Operating Expense Ratios4
Gross																		2.80	%
Net																		0.76

Fund Profile⁵

Top 10 Issuers (% of total investments)⁶

JBS USA Lux S.A.	1.4	%
Bausch Health Companies, Inc.	1.1
TransDigm, Inc.	1.0
Virgin Media Investment Holdings Limited	1.0
Asurion, LLC	0.9
Infor (US), Inc.	0.9
Reynolds Group Holdings, Inc.	0.9
Restaurant Brands International, Inc.	0.9
MA FinanceCo., LLC	0.8
Uber Technologies	0.8
Total	9.7	%

Top 10 Sectors (% of total investments)⁶

Electronics/Electrical	10.9	%
Health Care	8.7
Business Equipment and Services	8.3
Telecommunications	5.1
Cable and Satellite Television	4.4
Chemicals and Plastics	4.2
Leisure Goods/Activities/Movies	4.2
Lodging and Casinos	4.0
Industrial Equipment	3.7
Food Products	3.7
Total	57.2	%

Credit Quality (% of bonds, loans and asset-backed securities)⁷

See Endnotes and Additional Disclosures in this report.

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than indicated. The Fund’s performance at market price will differ from its results at net asset value (NAV). The market price used to calculate the Market Price return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. If you trade your shares at another time during the day, your return may differ. Returns are historical and are calculated by determining the percentage change in NAV or market price (as applicable) with all distributions rein-vested at NAV or closing market price (as applicable) on the payment date of the distribution, and are net of management fees and other expenses. Returns are before taxes unless otherwise noted. Performance less than or equal to one year is cumulative. For performance as of the most recent month-end, including historical trading premiums/discounts relative to NAV, please refer to eatonvance.com

2

Eaton Vance

Floating-Rate NextShares

April 30, 2019

Endnotes and Additional Disclosures

¹  S&P/LSTA Leveraged Loan Index is an unmanaged index of the institutional leveraged loan market. S&P/LSTA Leveraged Loan indices are a product of S&P Dow Jones Indices LLC (“S&P DJI”) and have been licensed for use. S&P^® is a registered trademark of S&P DJI; Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); LSTA is a trademark of Loan Syndications and Trading Association, Inc. S&P DJI, Dow Jones, their respective affiliates and their third party licensors do not sponsor, endorse, sell or promote the Fund, will not have any liability with respect thereto and do not have any liability for any errors, omissions, or interruptions of the S&P Dow Jones Indices. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Performance since inception for an index, if presented, is the performance since the Fund’s inception.

²  Shares of NextShares funds are normally bought and sold in the secondary market through a broker, and may not be individually purchased or redeemed from the fund. In the secondary market, buyers and sellers transact with each other, rather than with the fund. NextShares funds issue and redeem shares only in specified creation unit quantities in transactions by or through Authorized Participants. In such transactions, a fund issues and redeems shares in exchange for the basket of securities, other instruments and/or cash that the fund specifies each business day. By transacting in kind, a NextShares fund can lower its trading costs and enhance fund tax efficiency by avoiding forced sales of securities to meet redemptions. Redemptions may be effected partially or entirely in cash when in-kind delivery is not practicable or deemed not in the best interests of shareholders. A fund’s basket is not intended to be representative of the fund’s current portfolio positions and may vary significantly from current positions. As exchange-traded securities, NextShares can operate with low transfer agency expenses by utilizing the same highly efficient share processing system as used for exchange-listed stocks and ETFs.

Market trading prices of NextShares are linked to the fund’s next-computed net asset value (NAV) and will vary from NAV by a market-determined premium or discount, which may be zero. Buyers and sellers of NextShares will not know the value of their purchases and sales until after the fund’s NAV is determined at the end of the trading day. Market trading prices may vary significantly from anticipated levels. NextShares do not offer investors the opportunity to buy and sell intraday based on current (versus end-of-day) determinations of fund value. NextShares trade execution prices will fluctuate based on changes in NAV. Although limit orders may be used to control trading costs, they cannot be used to control or limit trade execution prices. As a new type of fund, NextShares have a limited operating history and may initially be available through a limited number of brokers. There can be no guarantee that an active trading market for NextShares will develop or be maintained, or that their listing will continue unchanged. Buying and selling NextShares may require payment of brokerage commissions and expose transacting shareholders to other trading costs. Frequent trading may detract from realized investment returns. The return on a shareholder’s NextShares investment will be reduced if the shareholder sells shares at a greater discount or narrower premium to NAV than he or she acquired the shares.

³  The Fund pursues its investment objective by investing in a separate investment fund (the Portfolio). The returns at NAV for periods before the date the Fund commenced operations are for a mutual fund that invests in the Portfolio (the Portfolio Investor). The performance during such period does not represent the performance of the Fund. The prior investment performance of the Portfolio Investor (rather than the Portfolio itself) is shown because it reflects the expenses typically borne by a retail fund investing in the Portfolio. The Portfolio Investor returns are not adjusted to reflect differences between the total net operating expenses of the Fund and the Portfolio Investor during the periods shown. If such an adjustment were made, the performance presented would be higher, because the Fund’s total net operating expenses are lower than those of the Portfolio Investor. Performance is for a share class of the Portfolio Investor offered at net asset value. Performance presented in the Financial Highlights included in the financial statements is not linked.

⁴  Source: Fund prospectus. Net expense ratio reflects a contractual expense reimbursement that continues through 2/29/20. Without the reimbursement, performance would have been lower. The expense ratio for the current reporting period can be found in the Financial Highlights section of this report.

⁵  Fund primarily invests in an affiliated investment company (Portfolio) with substantially the same objective(s) and policies as the Fund and may also invest directly. Unless otherwise noted, references to investments are to the aggregate holdings of the Fund and the Portfolio.

⁶  Excludes cash and cash equivalents.

⁷  Credit ratings are categorized using S&P Global Ratings (“S&P”). Ratings, which are subject to change, apply to the creditworthiness of the issuers of the underlying securities and not to the Fund or its shares. Credit ratings measure the quality of a bond based on the issuer’s creditworthiness, with ratings ranging from AAA, being the highest, to D, being the lowest based on S&P’s measures. Ratings of BBB or higher by S&P are considered to be investment- grade quality. Credit ratings are based largely on the ratings agency’s analysis at the time of rating. The rating assigned to any particular security is not necessarily a reflection of the issuer’s current financial condition and does not necessarily reflect its assessment of the volatility of a security’s market value or of the liquidity of an investment in the security. Holdings designated as “Not Rated” (if any) are not rated by S&P.

Fund profile subject to change due to active management.

Important Notice to Shareholders

Effective March 1, 2019, the Fund is managed by Scott H. Page, Craig P. Russ, and Andrew N. Sveen. Mr. Page will serve as a member of the portfolio management team of the Fund through October 31, 2019.

3

Eaton Vance

Floating-Rate NextShares

April 30, 2019

Fund Expenses

Example:  As a Fund shareholder, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of Fund shares; and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of Fund investing and to compare these costs with the ongoing costs of investing in other funds. The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2018 – April 30, 2019).

Actual Expenses:  The first section of the table below provides information about actual account values and actual expenses. You may use the information in this section, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first section under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes:  The second section of the table below provides information about hypothetical account values and hypothetical expenses based on the actual Fund expense ratio and an assumed rate of return of 5% per year (before expenses), which is not the actual Fund return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions on purchases and sales of Fund shares. Therefore, the second section of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher.

	Beginning Account Value (11/1/18)		Ending Account Value (4/30/19)		Expenses Paid During Period* (11/1/18 – 4/30/19)			Annualized Expense Ratio
Actual
	$	1,000.00	$	1,015.30	$	3.80	**		0.76	%
Hypothetical
(5% return per year before expenses)
	$	1,000.00	$	1,021.03	$	3.81	**		0.76	%

* Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect theone-half year period). The Example assumes that the $1,000 was invested at the net asset value per share determined at the close of business on October 31, 2018. The Example reflects the expenses of both the Fund and the Portfolio.

** Absent an allocation of certain expenses to an affiliate, expenses would be higher.

4

Eaton Vance

Floating-Rate NextShares

April 30, 2019

Statement of Assets and Liabilities (Unaudited)

Assets	April 30, 2019
Investment in Eaton Vance Floating Rate Portfolio, at value (identified cost, $5,279,420)	$	5,234,693
Receivable from affiliate		10,533
Total assets	$	5,245,226
Liabilities
Payable to affiliates:
Administration fee	$	636
Operations agreement fee		212
Trustees’ fees		42
Accrued expenses		56,744
Total liabilities	$	57,634
Net Assets	$	5,187,592
Sources of Net Assets
Paid-in capital	$	5,275,840
Accumulated loss		(88,248	)
Total	$	5,187,592
Net Asset Value Per Share
($5,187,592 ÷ 525,000 shares issued and outstanding)	$	9.88

5 See Notes to Financial Statements.

Eaton Vance

Floating-Rate NextShares

April 30, 2019

Statement of Operations (Unaudited)

Investment Income	Six Months Ended April 30, 2019
Interest and other income allocated from Portfolio	$	141,523
Dividends allocated from Portfolio		4,646
Expenses, excluding interest expense, allocated from Portfolio		(13,528	)
Interest expense allocated from Portfolio		(783	)
Total investment income from Portfolio	$	131,858
Expenses
Administration fee	$	3,836
Operations agreement fee		1,279
Trustees’ fees and expenses		250
Custodian fee		18,645
Transfer and dividend disbursing agent fees		4,441
Legal and accounting services		11,752
Printing and postage		5,491
Listing fee		3,570
Intraday pricing fee		5,951
Miscellaneous		819
Total expenses	$	56,034
Deduct —
Allocation of expenses to affiliate	$	50,873
Total expense reductions	$	50,873
Net expenses	$	5,161
Net investment income	$	126,697
Realized and Unrealized Gain (Loss) from Portfolio
Net realized gain (loss) —
Investment transactions	$	(33,166	)
Foreign currency transactions		839
Forward foreign currency exchange contracts		13,742
Net realized loss	$	(18,585	)
Change in unrealized appreciation (depreciation) —
Investments	$	(27,779	)
Foreign currency		(21	)
Forward foreign currency exchange contracts		(7,090	)
Net change in unrealized appreciation (depreciation)	$	(34,890	)
Net realized and unrealized loss	$	(53,475	)
Net increase in net assets from operations	$	73,222

6 See Notes to Financial Statements.

Eaton Vance

Floating-Rate NextShares

April 30, 2019

Statements of Changes in Net Assets

Increase (Decrease) in Net Assets	Six Months Ended April 30, 2019 (Unaudited)			Period Ended October 31, 2018(1)
From operations —
Net investment income	$	126,697		$	204,296
Net realized gain (loss)		(18,585	)		41,982
Net change in unrealized appreciation (depreciation)		(34,890	)		(9,837	)
Net increase in net assets from operations	$	73,222		$	236,441
Distributions to shareholders(2)	$	(211,313	)	$	(181,598	)
Transactions in Fund shares —
Proceeds from sale of shares	$	—		$	5,253,967
Transaction fees		—			13,135
Net increase in net assets from Fund share transactions	$	—		$	5,267,102
Other capital —
Portfolio transaction fee contributed to Portfolio	$	(576	)	$	(944	)
Portfolio transaction fee allocated from Portfolio		2,843			2,415
Net increase in net assets from other capital	$	2,267		$	1,471
Net increase (decrease) in net assets	$	(135,824	)	$	5,323,416
Net Assets
At beginning of period	$	5,323,416		$	—
At end of period	$	5,187,592		$	5,323,416
Changes in shares outstanding
Shares outstanding, beginning of period		525,000			—
Shares sold		—			525,000
Shares outstanding, end of period		525,000			525,000

⁽¹⁾  For the period from the start of business, November 29, 2017, to October 31, 2018.

⁽²⁾ For the six months ended April 30, 2019, the source of distributions was as follows:

Net investment income — $(126,788)

Net realized gain — $(84,525)

7 See Notes to Financial Statements.

Eaton Vance

Floating-Rate NextShares

April 30, 2019

Financial Highlights

	Six Months Ended April 30, 2019 (Unaudited)			Period Ended October 31, 2018(1)
Net asset value — Beginning of period	$	10.140		$	10.000
Income (Loss) From Operations
Net investment income(2)	$	0.241		$	0.392
Net realized and unrealized gain (loss)		(0.102	)		0.066
Total income from operations	$	0.139		$	0.458
Less Distributions
From net investment income	$	(0.242	)	$	(0.346	)
From net realized gain		(0.161	)		—
Total distributions	$	(0.403	)	$	(0.346	)
Transaction fees(2)	$	—		$	0.025
Portfolio transaction fee, net(2)	$	0.004		$	0.003
Net asset value — End of period	$	9.880		$	10.140
Total Return on Net Asset Value(3)		1.53	%(4)(5)		4.93	%(4)(5)
Ratios/Supplemental Data
Net assets, end of period (000’s omitted)	$	5,188		$	5,323
Ratios (as a percentage of average daily net assets):(6)
Expenses		0.76	%(4)(7)(8)		0.76	%(4)(7)(8)
Net investment income		4.95	%(8)		4.20	%(8)
Portfolio Turnover of the Portfolio		7	%(5)		30	%(9)

⁽¹⁾ For the period from the start of business, November 29, 2017, to October 31, 2018.

⁽²⁾ Computed using average shares outstanding.

⁽³⁾ Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of a market-determined premium or discount. Investment returns assume that all distributions have been reinvested at net asset value.

⁽⁴⁾ The investment adviser and administrator of the Fund reimbursed certain operating expenses (equal to 1.99% and 2.04% of average daily net assets for the six months ended April 30, 2019 and the period ended October 31, 2018, respectively). Absent this reimbursement, total return would be lower.

⁽⁵⁾ Not annualized.

⁽⁶⁾ Includes the Fund’s share of the Portfolio’s allocated expenses.

⁽⁷⁾ Includes interest expense, including allocated from the Portfolio, of 0.03% and 0.03% for the six months ended April 30, 2019 and the period ended October 31, 2018, respectively.

⁽⁸⁾ Annualized.

⁽⁹⁾ For the Portfolio’s year ended October 31, 2018.

8 See Notes to Financial Statements.

Eaton Vance

Floating-Rate NextShares

April 30, 2019

Notes to Financial Statements (Unaudited)

1  Significant Accounting Policies

Eaton Vance Floating-Rate NextShares (the Fund) is a diversified series of Eaton Vance NextShares Trust II (the Trust), a Massachusetts business trust registered under the Investment Company Act of 1940, as amended (the 1940 Act). The Fund is an exchange-traded managed fund operating pursuant to an order issued by the SEC granting an exemption from certain provisions of the 1940 Act. Individual shares of the Fund may be purchased and sold only on a national securities exchange or alternative trading system through a broker-dealer that offers NextShares, and may not be directly purchased or redeemed from the Fund. Market trading prices for the Fund are directly linked to the Fund’s next-computed net asset value per share (NAV) and will vary from NAV by a market-determined premium or discount, which may be zero. The Fund invests all of its investable assets in interests in Eaton Vance Floating Rate Portfolio (the Portfolio), a Massachusetts business trust, having substantially the same investment objective and policies as the Fund. The value of the Fund’s investment in the Portfolio reflects the Fund’s proportionate interest in the net assets of the Portfolio (0.1% at April 30, 2019). The performance of the Fund is directly affected by the performance of the Portfolio. The financial statements of the Portfolio, including the portfolio of investments, are included elsewhere in this report and should be read in conjunction with the Fund’s financial statements.

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 — Valuation of securities by the Portfolio is discussed in Note 1A of the Portfolio’s Notes to Financial Statements, which are included elsewhere in this report.

B  Income — The Fund’s net investment income or loss consists of the Fund’spro-rata share of the net investment income or loss of the Portfolio, less all actual and accrued expenses of the Fund.

C  Federal Taxes — The Fund’s 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 April 30, 2019, 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 fiscalyear-end, which is subject to examination by the Internal Revenue Service for a period of three years from the date of filing.

D  Expenses — The majority of expenses of the Trust are directly identifiable to an individual fund. Expenses which are not readily identifiable to a specific fund are allocated taking into consideration, among other things, the nature and type of expense and the relative size of the funds.

E  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.

F  Indemnifications — Under the Trust’s 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 Trust) could be deemed to have personal liability for the obligations of the Trust. However, the Trust’s Declaration of Trust contains an express disclaimer of liability on the part of Fund shareholders and theBy-laws provide that the Trust shall assume the defense on behalf of any Fund shareholders. Moreover, theBy-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 Fund’s 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.

G  Other — Investment transactions are accounted for on a trade date basis.

H  Interim Financial Statements — The interim financial statements relating to April 30, 2019 and for the six months ended have not been audited by an independent registered public accounting firm, but in the opinion of the Fund’s management, reflect all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of the financial statements.

2  Distributions to Shareholders and Income Tax Information

It is the present policy of the Fund to make monthly distributions of all or substantially all of its net investment income and to distribute annually all or substantially all of its net realized capital gains. Distributions are paid in cash and cannot be automatically reinvested in additional shares of the Fund. 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 topaid-in capital. For tax purposes, distributions from short-term capital gains are considered to

be from ordinary income.

9

Eaton Vance

Floating-Rate NextShares

April 30, 2019

Notes to Financial Statements (Unaudited) — continued

3  Investment Adviser Fee and Other Transactions with Affiliates

The investment adviser fee is earned by Eaton Vance Management (EVM) as compensation for investment advisory services rendered to the Fund. The fee is computed at an annual rate of 0.575% of the Fund’s average daily net assets that are not invested in other investment companies for which EVM or its affiliates serve as investment adviser and receive an advisory fee (“Direct Assets”) up to $1 billion and is payable monthly. On Direct Assets of $1 billion and over, the annual fee is reduced. For the six months ended April 30, 2019, the Fund incurred no investment adviser fee on Direct Assets. To the extent the Fund’s assets are invested in the Portfolio, the Fund is allocated its share of the Portfolio’s investment adviser fee. The Portfolio has engaged Boston Management and Research (BMR), a subsidiary of EVM, to render investment advisory services. See Note 2 of the Portfolio’s Notes to Financial Statements which are included elsewhere in this report. EVM also serves as the administrator of the Fund. The administration fee is earned by EVM as compensation for administrative services rendered to the Fund. The fee is computed at an annual rate of 0.15% of the Fund’s average daily net assets. For the six months ended April 30, 2019, the administration fee amounted to $3,836.

The Trust, on behalf of the Fund, has entered into an operations agreement with EVM pursuant to which EVM provides the Fund with services required for it to operate as a NextShares exchange-traded managed fund in accordance with the exemptive order obtained by EVM and the Trust. Pursuant to the agreement, the Fund pays EVM a monthly fee at an annual rate of 0.05% of the Fund’s average daily net assets provided the average net assets of NextShares funds sponsored by EVM (“Covered Assets”) are less than $10 billion. The annual rate is reduced if Covered Assets are $10 billion and above. For the six months ended April 30, 2019, the operations agreement fee amounted to $1,279 or 0.05% (annualized) of the Fund’s average daily net assets.

EVM has agreed to reimburse the Fund’s expenses to the extent that total annual operating expenses (relating to ordinary operating expenses only and excluding such expenses as interest, taxes or litigation expenses) exceed 0.73% of the Fund’s average daily net assets through February 29, 2020. Thereafter, the reimbursement may be changed or terminated at any time. Pursuant to this agreement, EVM was allocated $50,873 of the Fund’s operating expenses for the six months ended April 30, 2019.

Trustees and officers of the Fund who are members of EVM’s or BMR’s organizations receive remuneration for their services to the Fund out of the investment adviser fee. Certain officers and Trustees of the Fund and the Portfolio are officers of the above organizations.

4  Investment Transactions

For the six months ended April 30, 2019, increases and decreases in the Fund’s investment in the Portfolio aggregated $46,945 and $271,624, respectively. In addition, a Portfolio transaction fee is imposed by the Portfolio on the combined daily inflows or outflows of the Fund and the Portfolio’s other investors as more fully described at Note 1J of the Portfolio’s Notes to Financial Statements included herein. Such fee is allocated to the Fund based on itspro-rata interest in the Portfolio. The amount of the Portfolio transaction fee imposed on the Fund, if any, and the allocation of such fee are presented as Other capital on the Statements of Changes in Net Assets.

5  Capital Share Transactions

The Trust may issue an unlimited number of shares of capital stock (no par value per share) in one or more series (such as the Fund). The Fund issues and redeems shares only in blocks of 25,000 shares or multiples thereof (“Creation Units”). The Fund issues and redeems Creation Units in return for the securities, other instruments and/or cash (the “Basket”) that the Fund specifies each business day. Creation Units may be purchased or redeemed only by or through Authorized Participants, which are broker-dealers or institutional investors that have entered into agreements with the Fund’s distributor for this purpose. The Fund imposes a transaction fee on Creation Units issued and redeemed to offset the estimated cost to the Fund of processing the transaction, which is paid by the Authorized Participants directly to a third-party administrator. In addition, Authorized Participants pay the Fund a variable charge for converting the Basket to or from the desired portfolio composition. Such variable charges are reflected as Transaction fees on the Statements of Changes in Net Assets.

At April 30, 2019, EVM owned approximately 94.9% of the outstanding shares of the Fund.

10

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited)

Senior Floating-Rate Loans — 90.5%(1)
Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Aerospace and Defense — 1.4%
Dynasty Acquisition Co., Inc.
Term Loan, 6.60%, (3 mo. USD LIBOR + 4.00%), Maturing April 6, 2026			6,081	$	6,121,152
IAP Worldwide Services, Inc.
Revolving Loan, 1.49%, (3 mo. USD LIBOR + 5.50%), Maturing July 18, 2019(2)			5,347		5,340,138
Term Loan - Second Lien, 9.10%, (3 mo. USD LIBOR + 6.50%), Maturing July 18, 2019(3)			7,047		5,642,898
TransDigm, Inc.
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing June 9, 2023			58,903		58,795,817
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing August 22, 2024			28,037		27,954,636
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing May 30, 2025			8,176		8,153,380
Wesco Aircraft Hardware Corp.
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.00%), Maturing November 30, 2020			11,375		11,204,375
WP CPP Holdings, LLC
Term Loan, 6.34%, (USD LIBOR + 3.75%), Maturing April 30, 2025(4)			7,786		7,795,607
				$	131,008,003
Automotive — 2.5%
Adient US, LLC
Term Loan, Maturing April 25, 2024(5)			7,700	$	7,700,000
American Axle and Manufacturing, Inc.
Term Loan, 4.77%, (USD LIBOR + 2.25%), Maturing April 6, 2024(4)			37,952		37,560,188
Apro, LLC
Term Loan, 6.49%, (1 mo. USD LIBOR + 4.00%), Maturing August 8, 2024			2,876		2,897,402
Chassix, Inc.
Term Loan, 8.28%, (USD LIBOR + 5.50%), Maturing November 15, 2023(4)			9,016		9,027,145
CS Intermediate Holdco 2, LLC
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing November 2, 2023			5,149		5,052,855
Dayco Products, LLC
Term Loan, 6.88%, (3 mo. USD LIBOR + 4.25%), Maturing May 19, 2023			11,484		11,340,775
Garrett LX III S.a.r.l.
Term Loan, 2.75%, (3 mo. EURIBOR + 2.75%), Maturing September 27, 2025	EUR		5,650		6,334,401

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Automotive (continued)
Goodyear Tire & Rubber Company (The)
Term Loan - Second Lien, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing March 7, 2025			9,717	$	9,556,067
L&W, Inc.
Term Loan, 6.48%, (1 mo. USD LIBOR + 4.00%), Maturing May 22, 2025			9,404		9,380,428
Panther BF Aggregator 2 L.P.
Term Loan, Maturing March 18, 2026(5)			39,850		40,023,347
Tenneco, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing October 1, 2025			37,980		37,109,429
Thor Industries, Inc.
Term Loan, 6.31%, (1 mo. USD LIBOR + 3.75%), Maturing February 1, 2026			19,241		18,940,136
TI Group Automotive Systems, LLC
Term Loan, 3.50%, (3 mo. EURIBOR + 2.75%, Floor 0.75%), Maturing June 30, 2022	EUR		7,744		8,691,244
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing June 30, 2022			16,580		16,475,759
Tower Automotive Holdings USA, LLC
Term Loan, 5.25%, (1 mo. USD LIBOR + 2.75%), Maturing March 7, 2024			12,552		12,442,200
Visteon Corporation
Term Loan, 4.25%, (USD LIBOR + 1.75%), Maturing March 25, 2024(4)			2,217		2,189,394
				$	234,720,770
Beverage and Tobacco — 0.2%
Arterra Wines Canada, Inc.
Term Loan, 5.36%, (3 mo. USD LIBOR + 2.75%), Maturing December 15, 2023			4,108	$	4,102,840
Flavors Holdings, Inc.
Term Loan, 8.35%, (3 mo. USD LIBOR + 5.75%), Maturing April 3, 2020			13,396		12,827,115
Term Loan - Second Lien, 12.60%, (3 mo. USD LIBOR + 10.00%), Maturing October 3, 2021			3,000		2,415,000
				$	19,344,955
Brokerage / Securities Dealers / Investment Houses — 0.3%
Advisor Group, Inc.
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing August 15, 2025			7,040	$	7,057,224
Aretec Group, Inc.
Term Loan, 6.73%, (1 mo. USD LIBOR + 4.25%), Maturing October 1, 2025			14,189		14,112,573

11 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Brokerage / Securities Dealers / Investment Houses (continued)
OZ Management L.P.
Term Loan, 7.25%, (1 mo. USD LIBOR + 4.75%), Maturing April 10, 2023			2,416	$	2,419,020
Resolute Investment Managers, Inc.
Term Loan - Second Lien, 10.08%, (3 mo. USD LIBOR + 7.50%), Maturing April 30, 2023			3,800		3,838,000
				$	27,426,817
Building and Development — 2.5%
American Builders & Contractors Supply Co., Inc.
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing October 31, 2023			27,980	$	27,770,416
Brookfield Property REIT, Inc.
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing August 27, 2025			11,119		10,902,146
Capital Automotive L.P.
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.50%), Maturing March 24, 2024			4,768		4,764,424
Core & Main L.P.
Term Loan, 5.63%, (3 mo. USD LIBOR + 3.00%), Maturing August 1, 2024			11,104		11,149,160
CPG International, Inc.
Term Loan, 6.63%, (6 mo. USD LIBOR + 3.75%), Maturing May 5, 2024			15,341		15,328,329
Delachaux Group S.A.
Term Loan, Maturing March 28, 2026(5)	EUR		4,050		4,581,661
Term Loan, Maturing March 28, 2026(5)			5,100		5,092,034
DTZ U.S. Borrower, LLC
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing August 21, 2025			54,538		54,663,408
Henry Company, LLC
Term Loan, 6.48%, (1 mo. USD LIBOR + 4.00%), Maturing October 5, 2023			5,149		5,158,197
NCI Building Systems, Inc.
Term Loan, 6.35%, (3 mo. USD LIBOR + 3.75%), Maturing April 12, 2025			9,751		9,647,274
Quikrete Holdings, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing November 15, 2023			37,680		37,529,089
RE/MAX International, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing December 15, 2023			21,315		21,341,147
Realogy Group, LLC
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing February 8, 2025			10,768		10,542,738

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Building and Development (continued)
Summit Materials Companies I, LLC
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing November 21, 2024			2,530	$	2,530,978
Werner FinCo L.P.
Term Loan, 6.60%, (3 mo. USD LIBOR + 4.00%), Maturing July 24, 2024			8,329		8,089,411
WireCo WorldGroup, Inc.
Term Loan, 7.48%, (1 mo. USD LIBOR + 5.00%), Maturing September 30, 2023			7,829		7,852,750
				$	236,943,162
Business Equipment and Services — 8.2%
Acosta Holdco, Inc.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing September 26, 2021			8,736	$	3,794,735
Adtalem Global Education, Inc.
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing April 11, 2025			4,516		4,510,230
AlixPartners, LLP
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing April 4, 2024			20,950		21,010,073
Altran Technologies S.A.
Term Loan, 2.75%, (3 mo. EURIBOR + 2.75%), Maturing March 20, 2025	EUR		16,241		18,290,708
AppLovin Corporation
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing August 15, 2025			26,228		26,326,606
ASGN Incorporated
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing April 2, 2025			5,481		5,485,516
Belfor Holdings, Inc.
Term Loan, 6.48%, (1 mo. USD LIBOR + 4.00%), Maturing April 6, 2026			5,250		5,308,931
BlitzF18-675 GmbH
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 31, 2025	EUR		9,325		10,524,837
Bracket Intermediate Holding Corp.
Term Loan, 6.73%, (1 mo. USD LIBOR + 4.25%), Maturing September 5, 2025			10,945		10,931,319
Brand Energy & Infrastructure Services, Inc.
Term Loan, 6.82%, (USD LIBOR + 4.25%), Maturing June 21, 2024(4)			5,920		5,827,069
Camelot UK Holdco Limited
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing October 3, 2023			18,944		18,944,351

12 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Business Equipment and Services (continued)
Ceridian HCM Holding, Inc.
Term Loan, 5.50%, (1 mo. USD LIBOR + 3.25%), Maturing April 30, 2025			17,562	$	17,671,511
Change Healthcare Holdings, LLC
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing March 1, 2024			65,215		65,279,155
Crossmark Holdings, Inc.
DIP Loan, 9.98%, (1 mo. USD LIBOR + 7.50%), Maturing May 15, 2019			3,003		3,004,738
Term Loan, 0.00%, Maturing December 20, 2019(6)			35,294		11,205,818
Cypress Intermediate Holdings III, Inc.
Term Loan, 5.24%, (1 mo. USD LIBOR + 2.75%), Maturing April 26, 2024			23,854		23,821,500
Deerfield Dakota Holding, LLC
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing February 13, 2025			13,934		13,832,210
EAB Global, Inc.
Term Loan, 6.38%, (USD LIBOR + 3.75%), Maturing November 15, 2024(4)			14,454		14,345,595
Education Management, LLC
Revolving Loan, 0.00%, Maturing March 31, 2020(2)(3)(6)			10,413		1,964,928
Term Loan, 0.00%, Maturing July 2, 2020(3)(6)			6,666		0
Term Loan, 0.00%, Maturing July 2, 2020(3)(6)			8,335		1,572,853
EIG Investors Corp.
Term Loan, 6.39%, (3 mo. USD LIBOR + 3.75%), Maturing February 9, 2023			49,901		50,000,909
Garda World Security Corporation
Term Loan, 6.12%, (3 mo. USD LIBOR + 3.50%), Maturing May 24, 2024			15,407		15,416,979
Term Loan, 6.36%, (CIDOR + 4.25%), Maturing May 24, 2024	CAD		14,220		10,507,971
Gartner, Inc.
Term Loan, 3.98%, (1 mo. USD LIBOR + 1.50%), Maturing March 20, 2022			2,700		2,710,057
Global Payments, Inc.
Term Loan, 4.23%, (1 mo. USD LIBOR + 1.75%), Maturing April 21, 2023			3,539		3,543,533
Term Loan, 4.23%, (1 mo. USD LIBOR + 1.75%), Maturing October 17, 2025			5,985		5,985,934
IG Investment Holdings, LLC
Term Loan, 6.03%, (USD LIBOR + 3.50%), Maturing May 23, 2025(4)			32,461		32,501,605
IRI Holdings, Inc.
Term Loan, 7.13%, (3 mo. USD LIBOR + 4.50%), Maturing December 1, 2025			19,751		19,668,200

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Business Equipment and Services (continued)
Iron Mountain, Inc.
Term Loan, 4.23%, (1 mo. USD LIBOR + 1.75%), Maturing January 2, 2026		9,925	$	9,763,473
J.D. Power and Associates
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing September 7, 2023		13,021		12,955,943
KAR Auction Services, Inc.
Term Loan, 4.88%, (3 mo. USD LIBOR + 2.25%), Maturing March 11, 2021		11,110		11,131,135
Kronos Incorporated
Term Loan, 5.74%, (3 mo. USD LIBOR + 3.00%), Maturing November 1, 2023		66,792		67,005,666
KUEHG Corp.
Term Loan, 6.35%, (3 mo. USD LIBOR + 3.75%), Maturing February 21, 2025		36,318		36,399,597
Monitronics International, Inc.
Term Loan, 10.10%, (3 mo. USD LIBOR + 7.50%), Maturing September 30, 2022		20,530		19,169,541
PGX Holdings, Inc.
Term Loan, 7.74%, (1 mo. USD LIBOR + 5.25%), Maturing September 29, 2020		10,117		9,762,549
Ping Identity Corporation
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing January 24, 2025		6,228		6,251,292
Pre-Paid Legal Services, Inc.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing May 1, 2025		5,092		5,083,636
Prime Security Services Borrower, LLC
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing May 2, 2022		10,638		10,668,177
Red Ventures, LLC
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing November 8, 2024		16,897		16,984,038
ServiceMaster Company
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing November 8, 2023		3,386		3,396,120
SMG Holdings, Inc.
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing January 23, 2025		2,673		2,662,976
Solera, LLC
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing March 3, 2023		25,129		25,181,760
Spin Holdco, Inc.
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing November 14, 2022		45,161		44,746,570
Trans Union, LLC
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing April 10, 2023		9,823		9,843,283

13 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Business Equipment and Services (continued)
Trans Union, LLC (continued)
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing June 19, 2025			5,186	$	5,196,075
Ultimate Software Group, Inc. (The)
Term Loan, Maturing March 15, 2026(5)			18,275		18,434,906
Vestcom Parent Holdings, Inc.
Term Loan, 6.51%, (USD LIBOR + 4.00%), Maturing December 19, 2023(4)			8,454		8,115,768
WASH Multifamily Laundry Systems, LLC
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing May 14, 2022			1,532		1,493,336
West Corporation
Term Loan, 6.13%, (3 mo. USD LIBOR + 3.50%), Maturing October 10, 2024			3,920		3,757,260
Term Loan, 6.63%, (3 mo. USD LIBOR + 4.00%), Maturing October 10, 2024			15,856		15,394,489
ZPG PLC
Term Loan, 3.75%, (1 mo. EURIBOR + 3.75%), Maturing June 30, 2025	EUR		4,975		5,583,450
Term Loan, 5.48%, (1 mo. GBP LIBOR + 4.75%), Maturing June 30, 2025	GBP		8,675		11,192,893
				$	784,161,804
Cable and Satellite Television — 4.3%
Altice France S.A.
Term Loan, 6.47%, (1 mo. USD LIBOR + 4.00%), Maturing August 14, 2026			4,975	$	4,900,375
Charter Communications Operating, LLC
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.00%), Maturing April 30, 2025			34,264		34,392,724
CSC Holdings, LLC
Term Loan, 4.72%, (1 mo. USD LIBOR + 2.25%), Maturing July 17, 2025			28,216		28,180,466
Term Loan, 4.72%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2026			13,042		13,042,312
Term Loan, 4.97%, (1 mo. USD LIBOR + 2.50%), Maturing January 25, 2026			17,258		17,279,663
Numericable Group S.A.
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing July 31, 2025	EUR		9,803		10,718,311
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing July 31, 2025			22,916		22,342,977
Term Loan, 6.16%, (1 mo. USD LIBOR + 3.69%), Maturing January 31, 2026			4,565		4,485,348
Telenet Financing USD, LLC
Term Loan, 4.72%, (1 mo. USD LIBOR + 2.25%), Maturing August 15, 2026			28,900		28,853,037

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Cable and Satellite Television (continued)
Telenet International Finance S.a.r.l.
Term Loan, 2.50%, (6 mo. EURIBOR + 2.50%), Maturing December 15, 2027	EUR		18,000	$	20,145,142
Unitymedia Finance, LLC
Term Loan, 4.72%, (1 mo. USD LIBOR + 2.25%), Maturing September 30, 2025			1,500		1,499,583
Term Loan, 4.72%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2026			18,775		18,766,194
Unitymedia Hessen GmbH & Co. KG
Term Loan, 2.75%, (6 mo. EURIBOR + 2.75%), Maturing January 15, 2027	EUR		18,000		20,225,089
UPC Financing Partnership
Term Loan, 4.97%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2026			21,188		21,220,011
Virgin Media Bristol, LLC
Term Loan, 4.97%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2026			79,100		79,378,116
Virgin Media Investment Holdings Limited
Term Loan, 3.98%, (1 mo. GBP LIBOR + 3.25%), Maturing January 15, 2027	GBP		11,925		15,457,866
Ziggo Secured Finance B.V.
Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), Maturing April 15, 2025	EUR		22,850		25,578,930
Ziggo Secured Finance Partnership
Term Loan, 4.97%, (1 mo. USD LIBOR + 2.50%), Maturing April 15, 2025			48,481		48,126,107
				$	414,592,251
Chemicals and Plastics — 4.1%
Alpha 3 B.V.
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.00%), Maturing January 31, 2024			10,503	$	10,482,945
Aruba Investments, Inc.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing February 2, 2022			3,795		3,800,155
Ashland, Inc.
Term Loan, 4.23%, (1 mo. USD LIBOR + 1.75%), Maturing May 17, 2024			6,214		6,222,080
Axalta Coating Systems US Holdings, Inc.
Term Loan, 4.35%, (3 mo. USD LIBOR + 1.75%), Maturing June 1, 2024			41,910		41,741,602
Caldic B.V.
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing July 18, 2024	EUR		500		555,192
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing July 18, 2024	EUR		1,500		1,665,577

14 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Chemicals and Plastics (continued)
Chemours Company (The)
Term Loan, 2.50%, (3 mo. EURIBOR + 2.00%, Floor 0.50%), Maturing March 21, 2025	EUR		6,409	$	7,264,246
Emerald Performance Materials, LLC
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing August 1, 2021			6,221		6,233,119
Term Loan - Second Lien, 10.23%, (1 mo. USD LIBOR + 7.75%), Maturing August 1, 2022			5,000		4,912,500
Ferro Corporation
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024			3,795		3,798,795
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024			3,877		3,881,378
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024			9,139		9,148,572
Flint Group GmbH
Term Loan, 5.58%, (3 mo. USD LIBOR + 3.00%), Maturing September 7, 2021			2,726		2,562,881
Flint Group US, LLC
Term Loan, 5.58%, (3 mo. USD LIBOR + 3.00%), Maturing September 7, 2021			16,493		15,503,331
Gemini HDPE, LLC
Term Loan, 5.09%, (3 mo. USD LIBOR + 2.50%), Maturing August 7, 2024			9,779		9,803,102
H.B. Fuller Company
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.00%), Maturing October 20, 2024			22,307		22,243,646
Hexion, Inc.
DIP Loan, 5.60%, (3 mo. USD LIBOR + 3.00%), Maturing October 1, 2020			4,125		4,139,182
Ineos US Finance, LLC
Term Loan, 2.50%, (1 mo. EURIBOR + 2.00%, Floor 0.50%), Maturing March 31, 2024	EUR		28,798		32,095,953
Kraton Polymers, LLC
Term Loan, 2.75%, (3 mo. EURIBOR + 2.00%, Floor 0.75%), Maturing March 5, 2025	EUR		3,855		4,336,279
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing March 5, 2025			9,650		9,645,648
Messer Industries GmbH
Term Loan, 2.75%, (3 mo. EURIBOR + 2.75%), Maturing March 1, 2026	EUR		4,275		4,799,340
Term Loan, 5.10%, (3 mo. USD LIBOR + 2.50%), Maturing March 1, 2026			21,800		21,795,466
Momentive Performance Materials, Inc.
Term Loan, Maturing April 16, 2024(5)			4,925		4,945,005
Platform Specialty Products Corporation
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing January 30, 2026			8,379		8,394,711

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Chemicals and Plastics (continued)
PMHC II, Inc.
Term Loan, 6.16%, (USD LIBOR + 3.50%), Maturing March 31, 2025(4)			4,158	$	4,103,426
Polar US Borrower, LLC
Term Loan, 7.35%, (3 mo. USD LIBOR + 4.75%), Maturing October 15, 2025			11,347		11,417,195
PQ Corporation
Term Loan, 5.08%, (3 mo. USD LIBOR + 2.50%), Maturing February 8, 2025			25,037		25,059,654
Proampac PG Borrower, LLC
Term Loan, 6.11%, (USD LIBOR + 3.50%), Maturing November 18, 2023(4)			8,441		8,299,958
Spectrum Holdings III Corp.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing January 31, 2025			4,799		4,662,820
Starfruit Finco B.V.
Term Loan, 3.75%, (6 mo. EURIBOR + 3.75%), Maturing October 1, 2025	EUR		5,425		6,109,229
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025			22,725		22,693,049
Tata Chemicals North America, Inc.
Term Loan, 5.38%, (3 mo. USD LIBOR + 2.75%), Maturing August 7, 2020			5,654		5,667,757
Trinseo Materials Operating S.C.A.
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing September 9, 2024			4,054		4,056,161
Tronox Finance, LLC
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing September 23, 2024			29,569		29,685,667
Univar, Inc.
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing July 1, 2024			18,615		18,661,784
Venator Materials Corporation
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing August 8, 2024			4,260		4,275,994
Versum Materials, Inc.
Term Loan, 4.60%, (3 mo. USD LIBOR + 2.00%), Maturing September 29, 2023			3,241		3,242,095
				$	387,905,494
Clothing / Textiles — 0.0%(7)
Tumi, Inc.
Term Loan, 4.23%, (1 mo. USD LIBOR + 1.75%), Maturing April 25, 2025			3,303	$	3,304,237
				$	3,304,237

15 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Conglomerates — 0.1%
Penn Engineering & Manufacturing Corp.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing June 27, 2024			2,716	$	2,719,105
SGB-SMIT Management GmbH
Term Loan, 4.00%, (6 mo. EURIBOR + 4.00%), Maturing July 18, 2024	EUR		6,713		6,506,092
				$	9,225,197
Containers and Glass Products — 2.6%
Anchor Glass Container Corporation
Term Loan, 5.23%, (USD LIBOR + 2.75%), Maturing December 7, 2023(4)			5,548	$	4,701,768
Berlin Packaging, LLC
Term Loan, 5.51%, (USD LIBOR + 3.00%), Maturing November 7, 2025(4)			6,776		6,699,415
Berry Global, Inc.
Term Loan, 4.23%, (1 mo. USD LIBOR + 1.75%), Maturing January 6, 2021			1,000		1,000,104
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing October 1, 2022			14,319		14,315,169
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing January 19, 2024			7,350		7,336,638
BWAY Holding Company
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing April 3, 2024			22,946		22,710,394
Consolidated Container Company, LLC
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing May 22, 2024			6,216		6,202,960
Flex Acquisition Company, Inc.
Term Loan, 5.63%, (3 mo. USD LIBOR + 3.00%), Maturing December 29, 2023			38,378		37,782,136
Term Loan, 5.88%, (3 mo. USD LIBOR + 3.25%), Maturing June 29, 2025			17,443		17,175,313
Libbey Glass, Inc.
Term Loan, 5.47%, (1 mo. USD LIBOR + 3.00%), Maturing April 9, 2021			10,288		9,310,250
Pelican Products, Inc.
Term Loan, 5.97%, (1 mo. USD LIBOR + 3.50%), Maturing May 1, 2025			7,022		7,004,383
Reynolds Group Holdings, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2023			58,242		58,469,962
Ring Container Technologies Group, LLC
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing October 31, 2024			2,289		2,281,862
Trident TPI Holdings, Inc.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing October 17, 2024			17,208		16,864,195

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Containers and Glass Products (continued)
Verallia Packaging S.A.S.
Term Loan, 2.75%, (1 mo. EURIBOR + 2.75%), Maturing October 29, 2022	EUR		23,256	$	26,064,033
Term Loan, 2.75%, (1 mo. EURIBOR + 2.75%), Maturing August 1, 2025	EUR		6,850		7,676,564
				$	245,595,146
Cosmetics / Toiletries — 0.3%
KIK Custom Products, Inc.
Term Loan, 6.48%, (1 mo. USD LIBOR + 4.00%), Maturing May 15, 2023			25,180	$	24,298,346
				$	24,298,346
Drugs — 3.0%
Albany Molecular Research, Inc.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing August 30, 2024			10,305	$	10,293,510
Alkermes, Inc.
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.25%), Maturing March 23, 2023			18,979		18,943,493
Amneal Pharmaceuticals, LLC
Term Loan, 6.00%, (1 mo. USD LIBOR + 3.50%), Maturing May 4, 2025			27,469		27,623,245
Arbor Pharmaceuticals, Inc.
Term Loan, 7.60%, (3 mo. USD LIBOR + 5.00%), Maturing July 5, 2023			26,367		23,796,372
Bausch Health Companies, Inc.
Term Loan, 5.47%, (1 mo. USD LIBOR + 3.00%), Maturing June 2, 2025			63,879		64,143,920
Endo Luxembourg Finance Company I S.a.r.l.
Term Loan, 6.75%, (1 mo. USD LIBOR + 4.25%), Maturing April 29, 2024			39,424		39,176,970
Horizon Pharma, Inc.
Term Loan, 5.50%, (1 mo. USD LIBOR + 3.00%), Maturing March 29, 2024			12,147		12,227,903
Jaguar Holding Company II
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing August 18, 2022			67,580		67,296,104
Mallinckrodt International Finance S.A.
Term Loan, 5.35%, (3 mo. USD LIBOR + 2.75%), Maturing September 24, 2024			23,143		20,866,990
Term Loan, 5.69%, (3 mo. USD LIBOR + 3.00%), Maturing February 24, 2025			6,928		6,382,312
				$	290,750,819

16 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Ecological Services and Equipment — 0.6%
Advanced Disposal Services, Inc.
Term Loan, 4.68%, (1 week USD LIBOR + 2.25%), Maturing November 10, 2023			23,735	$	23,827,039
EnergySolutions, LLC
Term Loan, 6.35%, (3 mo. USD LIBOR + 3.75%), Maturing May 9, 2025			17,671		16,699,556
GFL Environmental, Inc.
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing May 30, 2025			17,770		17,656,760
				$	58,183,355
Electronics / Electrical — 11.1%
Almonde, Inc.
Term Loan, 6.10%, (3 mo. USD LIBOR + 3.50%), Maturing June 13, 2024			34,690	$	34,454,467
Applied Systems, Inc.
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing September 19, 2024			36,996		37,031,089
Term Loan - Second Lien, 9.48%, (1 mo. USD LIBOR + 7.00%), Maturing September 19, 2025			3,279		3,345,215
Aptean, Inc.
Term Loan, Maturing March 29, 2026(5)			5,750		5,778,750
Avast Software B.V.
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.25%), Maturing September 30, 2023			7,655		7,691,112
Barracuda Networks, Inc.
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.25%), Maturing February 12, 2025			12,658		12,669,880
BMC Software Finance, Inc.
Term Loan, 4.75%, (3 mo. EURIBOR + 4.75%), Maturing October 2, 2025	EUR		3,441		3,894,425
Term Loan, 6.85%, (3 mo. USD LIBOR + 4.25%), Maturing October 2, 2025			35,262		35,094,132
Campaign Monitor Finance Pty. Limited
Term Loan, 9.75%, (3 mo. USD Prime + 4.25%), Maturing March 18, 2021			12,931		12,607,396
Carbonite, Inc.
Term Loan, 6.31%, (2 mo. USD LIBOR + 3.75%), Maturing March 26, 2026			5,275		5,321,156
Celestica, Inc.
Term Loan, 4.60%, (1 mo. USD LIBOR + 2.13%), Maturing June 27, 2025			4,690		4,548,876
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing June 27, 2025			4,414		4,369,798
Cohu, Inc.
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.00%), Maturing September 20, 2025			10,472		10,380,742

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Electronics / Electrical (continued)
CommScope, Inc.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing April 6, 2026			19,850	$	20,050,981
CPI International, Inc.
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing July 26, 2024			11,240		11,263,827
Cypress Semiconductor Corporation
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.00%), Maturing July 5, 2021			10,284		10,285,533
Datto, Inc.
Term Loan, 6.73%, (1 mo. USD LIBOR + 4.25%), Maturing April 2, 2026			3,925		3,969,156
DigiCert, Inc.
Term Loan, 6.48%, (1 mo. USD LIBOR + 4.00%), Maturing October 31, 2024			20,719		20,767,138
Electro Rent Corporation
Term Loan, 7.58%, (3 mo. USD LIBOR + 5.00%), Maturing January 31, 2024			13,750		13,818,583
Energizer Holdings, Inc.
Term Loan, 4.75%, (1 mo. USD LIBOR + 2.25%), Maturing December 17, 2025			6,509		6,516,661
Entegris, Inc.
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing November 1, 2025			2,843		2,840,208
Epicor Software Corporation
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.25%), Maturing June 1, 2022			16,598		16,620,303
Exact Merger Sub, LLC
Term Loan, 6.85%, (3 mo. USD LIBOR + 4.25%), Maturing September 27, 2024			6,969		6,981,942
EXC Holdings III Corp.
Term Loan, 6.10%, (3 mo. USD LIBOR + 3.50%), Maturing December 2, 2024			2,414		2,429,166
Flexera Software, LLC
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.00%), Maturing February 26, 2025			11,238		11,228,671
GlobalLogic Holdings, Inc.
Term Loan, 3.25%, Maturing August 1, 2025(2)			450		452,801
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing August 1, 2025			3,134		3,153,761
Go Daddy Operating Company, LLC
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing February 15, 2024			58,608		58,776,725
GTCR Valor Companies, Inc.
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing June 16, 2023	EUR		2,955		3,328,830

17 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Electronics / Electrical (continued)
Hyland Software, Inc.
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing July 1, 2024			41,721	$	42,003,795
Infoblox, Inc.
Term Loan, 6.98%, (1 mo. USD LIBOR + 4.50%), Maturing November 7, 2023			17,364		17,461,529
Infor (US), Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing February 1, 2022			84,472		84,577,359
Informatica, LLC
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing August 5, 2022	EUR		1,006		1,134,142
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing August 5, 2022			47,007		47,217,147
Lattice Semiconductor Corporation
Term Loan, 6.72%, (1 mo. USD LIBOR + 4.25%), Maturing March 10, 2021			2,971		2,990,030
MA FinanceCo., LLC
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing November 19, 2021			37,990		37,883,646
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024			5,679		5,655,203
MACOM Technology Solutions Holdings, Inc.
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing May 17, 2024			19,315		18,313,263
Marcel LUX IV S.a.r.l.
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing March 15, 2026	EUR		2,650		2,965,429
Term Loan, 5.89%, (3 mo. USD LIBOR + 3.25%), Maturing March 15, 2026			3,250		3,241,875
Microchip Technology Incorporated
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.00%), Maturing May 29, 2025			5,385		5,402,141
Mirion Technologies, Inc.
Term Loan, 6.59%, (3 mo. USD LIBOR + 4.00%), Maturing March 6, 2026			4,125		4,155,937
MKS Instruments, Inc.
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing February 2, 2026			4,025		4,036,318
MTS Systems Corporation
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.25%), Maturing July 5, 2023			846		845,904
Prometric Holdings, Inc.
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.00%), Maturing January 29, 2025			3,341		3,331,854
Renaissance Holding Corp.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing May 30, 2025			17,309		17,136,182

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Electronics / Electrical (continued)
Renaissance Holding Corp. (continued)
Term Loan - Second Lien, 9.48%, (1 mo. USD LIBOR + 7.00%), Maturing May 29, 2026		2,175	$	2,088,000
Seattle Spinco, Inc.
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024		38,351		38,190,980
SGS Cayman L.P.
Term Loan, 7.98%, (3 mo. USD LIBOR + 5.38%), Maturing April 23, 2021		1,123		1,100,442
SkillSoft Corporation
Term Loan, 7.23%, (1 mo. USD LIBOR + 4.75%), Maturing April 28, 2021		61,111		51,562,486
SolarWinds Holdings, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2024		27,153		27,196,955
Southwire Company
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing May 19, 2025		4,833		4,818,358
Sparta Systems, Inc.
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing August 21, 2024		3,448		3,137,225
SS&C Technologies Holdings Europe S.a.r.l.
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025		18,752		18,797,359
SS&C Technologies, Inc.
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025		2,761		2,767,034
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025		26,233		26,296,355
SurveyMonkey, Inc.
Term Loan, 6.19%, (1 week USD LIBOR + 3.75%), Maturing October 10, 2025		13,453		13,351,701
Sutherland Global Services, Inc.
Term Loan, 7.98%, (3 mo. USD LIBOR + 5.38%), Maturing April 23, 2021		4,824		4,727,442
Tibco Software, Inc.
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.50%), Maturing December 4, 2020		24,662		24,727,095
TriTech Software Systems
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing August 29, 2025		2,294		2,291,382
TTM Technologies, Inc.
Term Loan, 5.00%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2024		3,187		3,188,965
Uber Technologies
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.50%), Maturing July 13, 2023		49,525		49,560,914

18 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Electronics / Electrical (continued)
Uber Technologies (continued)
Term Loan, 6.48%, (1 mo. USD LIBOR + 4.00%), Maturing April 4, 2025			30,382	$	30,572,205
Ultra Clean Holdings, Inc.
Term Loan, 6.98%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025			11,060		10,894,100
VeriFone Systems, Inc.
Term Loan, 6.68%, (3 mo. USD LIBOR + 4.00%), Maturing August 20, 2025			11,443		11,445,361
Veritas Bermuda, Ltd.
Term Loan, 7.01%, (USD LIBOR + 4.50%), Maturing January 27, 2023(4)			24,122		22,674,440
Vero Parent, Inc.
Term Loan, 6.98%, (1 mo. USD LIBOR + 4.50%), Maturing August 16, 2024			18,076		18,007,884
Wall Street Systems Delaware, Inc.
Term Loan, 4.00%, (6 mo. EURIBOR + 3.00%, Floor 1.00%), Maturing November 21, 2024	EUR		1,544		1,733,181
Term Loan, 5.65%, (3 mo. USD LIBOR + 3.00%), Maturing November 21, 2024			7,713		7,645,475
Western Digital Corporation
Term Loan, 4.23%, (1 mo. USD LIBOR + 1.75%), Maturing April 29, 2023			11,406		11,323,929
				$	1,056,122,346
Equipment Leasing — 0.6%
Avolon TLB Borrower 1 (US), LLC
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.00%), Maturing January 15, 2025			51,631	$	51,690,904
IBC Capital Limited
Term Loan, 6.36%, (3 mo. USD LIBOR + 3.75%), Maturing September 11, 2023			6,930		6,856,369
				$	58,547,273
Financial Intermediaries — 3.2%
Blackstone Mortgage Trust, Inc.
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing April 8, 2026			4,125	$	4,135,312
Citco Funding, LLC
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2023			33,380		33,421,573
Clipper Acquisitions Corp.
Term Loan, 4.23%, (1 mo. USD LIBOR + 1.75%), Maturing December 27, 2024			13,134		13,133,750
Ditech Holding Corporation
Term Loan, 0.00%, Maturing June 30, 2022(6)			34,065		21,759,312

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Financial Intermediaries (continued)
Donnelley Financial Solutions, Inc.
Term Loan, 5.47%, (1 mo. USD LIBOR + 3.00%), Maturing October 2, 2023			2,237	$	2,228,754
EIG Management Company, LLC
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing February 22, 2025			2,995		3,005,980
Evergood 4 ApS
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing February 6, 2025	EUR		9,300		10,486,294
Focus Financial Partners, LLC
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing July 3, 2024			17,824		17,905,681
Fortress Investment Group, LLC
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing December 27, 2022			10,678		10,741,818
Franklin Square Holdings L.P.
Term Loan, 5.00%, (1 mo. USD LIBOR + 2.50%), Maturing August 1, 2025			6,492		6,516,559
Freedom Mortgage Corporation
Term Loan, 7.23%, (1 mo. USD LIBOR + 4.75%), Maturing February 23, 2022			34,742		34,980,919
Greenhill & Co., Inc.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing April 12, 2024			13,450		13,466,812
GreenSky Holdings, LLC
Term Loan, 5.75%, (1 mo. USD LIBOR + 3.25%), Maturing March 31, 2025			15,766		15,864,286
Guggenheim Partners, LLC
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing July 21, 2023			36,753		36,913,621
Harbourvest Partners, LLC
Term Loan, 4.72%, (1 mo. USD LIBOR + 2.25%), Maturing March 1, 2025			15,138		15,176,211
Jefferies Finance, LLC
Term Loan, 5.13%, (1 mo. USD LIBOR + 2.50%), Maturing August 2, 2024			1,970		1,957,687
LPL Holdings, Inc.
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.25%), Maturing September 23, 2024			16,276		16,296,004
MIP Delaware, LLC
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.00%), Maturing March 9, 2020			1,554		1,556,535
Ocwen Loan Servicing, LLC
Term Loan, 7.48%, (1 mo. USD LIBOR + 5.00%), Maturing December 5, 2020			2,731		2,741,385
Sesac Holdco II, LLC
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing February 23, 2024			10,375		10,228,403

19 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Financial Intermediaries (continued)
StepStone Group L.P.
Term Loan, 6.48%, (1 mo. USD LIBOR + 4.00%), Maturing March 14, 2025			6,905	$	6,913,882
Victory Capital Holdings, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing February 12, 2025			3,942		3,947,352
Virtus Investment Partners, Inc.
Term Loan, 4.87%, (3 mo. USD LIBOR + 2.25%), Maturing June 1, 2024			6,764		6,778,829
Walker & Dunlop, Inc.
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing October 31, 2025			12,269		12,269,243
				$	302,426,202
Food Products — 3.7%
Alphabet Holding Company, Inc.
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing September 26, 2024			36,372	$	34,106,730
Badger Buyer Corp.
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing September 30, 2024			5,004		4,872,474
CHG PPC Parent, LLC
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing March 31, 2025			3,672		3,679,011
Del Monte Foods, Inc.
Term Loan, 5.90%, (3 mo. USD LIBOR + 3.25%), Maturing February 18, 2021			26,245		20,323,485
Dole Food Company, Inc.
Term Loan, 5.25%, (USD LIBOR + 2.75%), Maturing April 6, 2024(4)			9,110		8,977,301
Froneri International, Ltd.
Term Loan, 2.13%, (6 mo. EURIBOR + 2.13%), Maturing January 31, 2025	EUR		19,850		22,226,658
Hearthside Food Solutions, LLC
Term Loan, 6.17%, (1 mo. USD LIBOR + 3.69%), Maturing May 23, 2025			10,277		10,077,982
Term Loan, 6.48%, (1 mo. USD LIBOR + 4.00%), Maturing May 23, 2025			5,736		5,701,567
High Liner Foods Incorporated
Term Loan, 5.85%, (USD LIBOR + 3.25%), Maturing April 24, 2021(4)			14,550		12,876,803
HLF Financing S.a.r.l.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing August 18, 2025			16,268		16,349,591
Jacobs Douwe Egberts International B.V.
Term Loan, 4.56%, (1 mo. USD LIBOR + 2.00%), Maturing November 1, 2025			29,951		30,044,020

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Food Products (continued)
JBS USA Lux S.A.
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing October 30, 2022			78,509	$	78,642,352
Term Loan, Maturing April 25, 2026(5)			54,500		54,684,919
Nomad Foods Europe Midco Limited
Term Loan, 4.72%, (1 mo. USD LIBOR + 2.25%), Maturing May 15, 2024			16,909		16,882,089
Post Holdings, Inc.
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.00%), Maturing May 24, 2024			5,373		5,376,859
Refresco Group B.V.
Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), Maturing March 28, 2025	EUR		13,118		14,668,277
Term Loan, 4.87%, (3 mo. GBP LIBOR + 4.00%), Maturing March 28, 2025	GBP		1,500		1,941,025
Restaurant Technologies, Inc.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025			9,327		9,396,575
Valeo F1 Company Limited (Ireland)
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing August 27, 2024	EUR		6,000		6,620,247
				$	357,447,965
Food Service — 1.8%
1011778 B.C. Unlimited Liability Company
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing February 16, 2024			79,488	$	79,488,346
Aramark Services, Inc.
Term Loan, 4.23%, (1 mo. USD LIBOR + 1.75%), Maturing March 11, 2025			9,606		9,610,430
Del Frisco’s Restaurant Group, Inc.
Term Loan, 8.50%, (1 mo. USD LIBOR + 6.00%), Maturing June 27, 2025			7,419		7,270,559
Dhanani Group, Inc.
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing July 20, 2025			7,270		7,206,449
Froneri International, Ltd.
Term Loan, 3.48%, (1 mo. GBP LIBOR + 2.75%), Maturing January 31, 2025	GBP		12,010		15,613,662
IRB Holding Corp.
Term Loan, 5.72%, (1 mo. USD LIBOR + 3.25%), Maturing February 5, 2025			25,438		25,422,098
KFC Holding Co.
Term Loan, 4.23%, (1 mo. USD LIBOR + 1.75%), Maturing April 3, 2025			6,695		6,709,112
NPC International, Inc.
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing April 19, 2024			6,674		5,589,364

20 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Food Service (continued)
US Foods, Inc.
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing June 27, 2023			12,266	$	12,264,943
Welbilt, Inc.
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing October 23, 2025			5,727		5,690,819
				$	174,865,782
Food / Drug Retailers — 0.9%
Albertsons, LLC
Term Loan, 5.61%, (3 mo. USD LIBOR + 3.00%), Maturing December 21, 2022			5,062	$	5,076,492
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing June 22, 2023			46,662		46,778,228
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing November 17, 2025			12,474		12,489,593
Diplomat Pharmacy, Inc.
Term Loan, 6.99%, (1 mo. USD LIBOR + 4.50%), Maturing December 20, 2024			5,297		5,038,296
Holland & Barrett International
Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing August 9, 2024	EUR		4,674		4,515,824
Term Loan, 6.09%, (3 mo. GBP LIBOR + 5.25%), Maturing September 2, 2024	GBP		9,172		10,265,987
				$	84,164,420
Health Care — 8.2%
Acadia Healthcare Company, Inc.
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing February 11, 2022			3,038	$	3,041,694
ADMI Corp.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing April 30, 2025			17,108		17,022,417
Akorn, Inc.
Term Loan, 8.00%, (1 mo. USD LIBOR + 5.50%), Maturing April 16, 2021			17,825		15,552,456
Alliance Healthcare Services, Inc.
Term Loan, 6.98%, (1 mo. USD LIBOR + 4.50%), Maturing October 24, 2023			8,913		8,968,203
Term Loan - Second Lien, 12.48%, (1 mo. USD LIBOR + 10.00%), Maturing April 24, 2024			5,575		5,533,188
Argon Medical Devices, Inc.
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing January 23, 2025			7,079		7,107,996
Athletico Management, LLC
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing October 31, 2025			4,888		4,899,969

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Health Care (continued)
Avantor, Inc.
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing November 21, 2024			17,278	$	17,385,979
BioClinica, Inc.
Term Loan, 6.81%, (3 mo. USD LIBOR + 4.25%), Maturing October 20, 2023			10,660		9,753,748
BW NHHC Holdco, Inc.
Term Loan, 7.49%, (1 mo. USD LIBOR + 5.00%), Maturing May 15, 2025			11,712		11,360,155
Carestream Dental Equipment, Inc.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing September 1, 2024			6,112		5,943,859
CHG Healthcare Services, Inc.
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing June 7, 2023			29,050		29,104,149
Concentra, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing June 1, 2022			10,485		10,511,062
CPI Holdco, LLC
Term Loan, 6.08%, (3 mo. USD LIBOR + 3.50%), Maturing March 21, 2024			11,219		11,232,888
CryoLife, Inc.
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing November 14, 2024			5,505		5,523,662
CTC AcquiCo GmbH
Term Loan, 2.75%, (3 mo. EURIBOR + 2.75%), Maturing March 7, 2025	EUR		11,928		13,207,518
Elsan SAS
Term Loan, 3.50%, (1 mo. EURIBOR + 3.50%), Maturing October 31, 2022	EUR		8,500		9,608,081
Envision Healthcare Corporation
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing October 10, 2025			57,705		55,849,974
Equian, LLC
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing May 20, 2024			7,618		7,614,981
Gentiva Health Services, Inc.
Term Loan, 6.25%, (1 mo. USD LIBOR + 3.75%), Maturing July 2, 2025			23,935		24,039,304
Grifols Worldwide Operations USA, Inc.
Term Loan, 4.67%, (1 week USD LIBOR + 2.25%), Maturing January 31, 2025			42,689		42,802,804
Hanger, Inc.
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing March 6, 2025			12,029		12,058,571
Inovalon Holdings, Inc.
Term Loan, 6.00%, (1 mo. USD LIBOR + 3.50%), Maturing April 2, 2025			16,059		16,085,308

21 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Health Care (continued)
IQVIA, Inc.
Term Loan, 4.60%, (3 mo. USD LIBOR + 2.00%), Maturing March 7, 2024		9,675	$	9,689,419
Term Loan, 4.60%, (3 mo. USD LIBOR + 2.00%), Maturing January 17, 2025		9,500		9,515,863
Kinetic Concepts, Inc.
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing February 2, 2024		27,363		27,478,916
KUEHG Corp.
Term Loan - Second Lien, 10.85%, (3 mo. USD LIBOR + 8.25%), Maturing August 18, 2025		4,425		4,425,000
Medical Solutions, LLC
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing June 9, 2024		8,365		8,365,129
MPH Acquisition Holdings, LLC
Term Loan, 5.35%, (3 mo. USD LIBOR + 2.75%), Maturing June 7, 2023		43,198		42,840,067
National Mentor Holdings, Inc.
Term Loan, 6.74%, (1 mo. USD LIBOR + 4.25%), Maturing March 9, 2026		308		309,684
Term Loan, 6.74%, (1 mo. USD LIBOR + 4.25%), Maturing March 9, 2026		4,967		4,985,920
Navicure, Inc.
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing November 1, 2024		8,797		8,775,440
One Call Corporation
Term Loan, 7.72%, (1 mo. USD LIBOR + 5.25%), Maturing November 25, 2022		20,538		17,906,999
Ortho-Clinical Diagnostics SA
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing June 30, 2025		48,973		48,138,952
Parexel International Corporation
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing September 27, 2024		21,498		21,108,598
Phoenix Guarantor, Inc.
Term Loan, 6.98%, (1 mo. USD LIBOR + 4.50%), Maturing February 8, 2026		19,342		19,456,517
Term Loan, 0.50%, Maturing February 12, 2026(2)		1,758		1,768,774
Press Ganey Holdings, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing October 23, 2023		6,546		6,555,632
Prospect Medical Holdings, Inc.
Term Loan, 8.00%, (1 mo. USD LIBOR + 5.50%), Maturing February 22, 2024		13,291		12,509,918
R1 RCM, Inc.
Term Loan, 7.73%, (1 mo. USD LIBOR + 5.25%), Maturing May 8, 2025		6,724		6,724,188

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Health Care (continued)
Radiology Partners Holdings, LLC
Term Loan, 7.36%, (USD LIBOR + 4.75%), Maturing June 21, 2025(4)		5,312	$	5,338,212
RadNet, Inc.
Term Loan, 6.39%, (USD LIBOR + 3.75%), Maturing June 30, 2023(4)		16,227		16,277,698
Select Medical Corporation
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.50%), Maturing March 6, 2025		20,250		20,300,439
Sotera Health Holdings, LLC
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing May 15, 2022		12,324		12,281,500
Surgery Center Holdings, Inc.
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.25%), Maturing September 2, 2024		18,789		18,584,546
Syneos Health, Inc.
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing August 1, 2024		2,806		2,802,663
Team Health Holdings, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing February 6, 2024		36,285		34,153,068
Tecomet, Inc.
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing May 1, 2024		8,572		8,581,243
U.S. Anesthesia Partners, Inc.
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing June 23, 2024		14,771		14,789,195
Verscend Holding Corp.
Term Loan, 6.98%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025		22,569		22,752,373
Viant Medical Holdings, Inc.
Term Loan, 6.35%, (3 mo. USD LIBOR + 3.75%), Maturing July 2, 2025		5,696		5,719,514
VVC Holding Corp.
Term Loan, 7.20%, (3 mo. USD LIBOR + 4.50%), Maturing February 11, 2026		21,550		21,718,349
Wink Holdco, Inc.
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing December 2, 2024		3,239		3,198,316
			$	781,260,098
Home Furnishings — 0.6%
Bright Bidco B.V.
Term Loan, 6.06%, (USD LIBOR + 3.50%), Maturing June 30, 2024(4)		18,293	$	13,856,658

22 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Home Furnishings (continued)
Serta Simmons Bedding, LLC
Term Loan, 5.97%, (1 mo. USD LIBOR + 3.50%), Maturing November 8, 2023			56,260	$	41,187,108
				$	55,043,766
Industrial Equipment — 3.8%
AI Alpine AT Bidco GmbH
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing October 31, 2025	EUR		5,500	$	6,154,664
Altra Industrial Motion Corp.
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing October 1, 2025			9,126		9,126,000
Apex Tool Group, LLC
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing February 1, 2022			20,785		20,597,542
Carlisle Foodservice Products, Inc.
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing March 20, 2025			5,552		5,426,867
Clark Equipment Company
Term Loan, 4.60%, (3 mo. USD LIBOR + 2.00%), Maturing May 18, 2024			21,239		21,187,697
CPM Holdings, Inc.
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing November 15, 2025			4,040		4,039,875
DexKo Global, Inc.
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 24, 2024	EUR		2,986		3,327,712
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 24, 2024	EUR		7,464		8,319,280
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing July 24, 2024			12,083		12,068,281
DXP Enterprises, Inc.
Term Loan, 7.23%, (1 mo. USD LIBOR + 4.75%), Maturing August 29, 2023			5,713		5,727,282
Engineered Machinery Holdings, Inc.
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing July 19, 2024			9,464		9,262,763
Term Loan, 6.85%, (3 mo. USD LIBOR + 4.25%), Maturing July 19, 2024			3,591		3,586,511
EWT Holdings III Corp.
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing December 20, 2024			28,166		28,306,488
Filtration Group Corporation
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing March 29, 2025	EUR		4,381		4,941,090
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing March 29, 2025			16,233		16,290,205

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Industrial Equipment (continued)
Gardner Denver, Inc.
Term Loan, 3.00%, (1 mo. EURIBOR + 3.00%), Maturing July 30, 2024	EUR		6,237	$	7,025,184
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing July 30, 2024			8,275		8,302,695
Gates Global, LLC
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing April 1, 2024	EUR		9,482		10,623,082
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing April 1, 2024			25,620		25,700,377
Hayward Industries, Inc.
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing August 5, 2024			436		436,256
LTI Holdings, Inc.
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing September 6, 2025			5,871		5,797,119
Milacron, LLC
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2023			21,989		21,824,075
Minimax GmbH & Co. KG
Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), Maturing July 31, 2025	EUR		3,458		3,905,081
Quimper AB
Term Loan, Maturing February 13, 2026(5)	EUR		934		1,053,409
Term Loan, Maturing February 13, 2026(5)	EUR		19,291		21,756,203
Rexnord, LLC
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing August 21, 2024			9,776		9,800,039
Robertshaw US Holding Corp.
Term Loan, 6.00%, (1 mo. USD LIBOR + 3.50%), Maturing February 28, 2025			22,819		21,478,124
Shape Technologies Group, Inc.
Term Loan, 5.49%, (3 mo. USD LIBOR + 3.00%), Maturing April 21, 2025			7,007		6,936,905
Tank Holding Corp.
Term Loan, 6.69%, (USD LIBOR + 4.00%), Maturing March 26, 2026(4)			5,325		5,370,928
Titan Acquisition Limited
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing March 28, 2025			36,234		34,943,164
Wittur GmbH
Term Loan, 5.00%, (3 mo. EURIBOR + 4.00%, Floor 1.00%), Maturing March 31, 2022	EUR		14,300		16,176,357
				$	359,491,255

23 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Insurance — 2.5%
Alliant Holdings I, Inc.
Term Loan, 5.24%, (1 mo. USD LIBOR + 2.75%), Maturing May 9, 2025			12,531	$	12,337,887
AmWINS Group, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing January 25, 2024			36,781		36,778,017
Asurion, LLC
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing August 4, 2022			23,808		23,926,873
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing November 3, 2023			28,236		28,377,201
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing November 3, 2024			2,233		2,243,359
Term Loan - Second Lien, 8.98%, (1 mo. USD LIBOR + 6.50%), Maturing August 4, 2025			29,575		30,221,953
Financiere CEP S.A.S.
Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing January 16, 2025	EUR		5,725		6,429,190
Hub International, Limited.
Term Loan, 5.34%, (USD LIBOR + 2.75%), Maturing April 25, 2025(4)			33,835		33,541,999
NFP Corp.
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing January 8, 2024			34,375		33,984,647
Sedgwick Claims Management Services, Inc.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing December 31, 2025			2,469		2,465,341
USI, Inc.
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.00%), Maturing May 16, 2024			28,469		28,284,367
				$	238,590,834
Leisure Goods / Activities / Movies — 4.2%
AMC Entertainment Holdings, Inc.
Term Loan, Maturing April 22, 2026(5)			20,275	$	20,350,930
Amer Sports Oyj
Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), Maturing February 26, 2026	EUR		38,425		43,124,438
Ancestry.com Operations, Inc.
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.25%), Maturing October 19, 2023			47,375		47,552,333
Bombardier Recreational Products, Inc.
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing May 23, 2025			43,773		43,535,762
CDS U.S. Intermediate Holdings, Inc.
Term Loan, 6.29%, (USD LIBOR + 3.75%), Maturing July 8, 2022(4)			8,358		8,119,456

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Leisure Goods / Activities / Movies (continued)
ClubCorp Holdings, Inc.
Term Loan, 5.35%, (3 mo. USD LIBOR + 2.75%), Maturing September 18, 2024			20,148	$	19,624,581
Crown Finance US, Inc.
Term Loan, 2.38%, (1 mo. EURIBOR + 2.38%), Maturing February 28, 2025	EUR		9,603		10,734,185
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing February 28, 2025			21,632		21,569,765
Delta 2 (LUX) S.a.r.l.
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing February 1, 2024			30,135		29,758,574
Emerald Expositions Holding, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing May 22, 2024			18,743		18,625,447
Etraveli Holding AB
Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), Maturing August 2, 2024	EUR		8,800		9,897,840
Lindblad Expeditions, Inc.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing March 21, 2025			484		487,170
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing March 21, 2025			1,935		1,948,681
Live Nation Entertainment, Inc.
Term Loan, 4.25%, (1 mo. USD LIBOR + 1.75%), Maturing October 31, 2023			36,923		36,969,620
Match Group, Inc.
Term Loan, 5.04%, (2 mo. USD LIBOR + 2.50%), Maturing November 16, 2022			7,116		7,151,203
Sabre GLBL, Inc.
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing February 22, 2024			990		989,975
SeaWorld Parks & Entertainment, Inc.
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing March 31, 2024			16,176		16,179,352
SRAM, LLC
Term Loan, 5.33%, (USD LIBOR + 2.75%), Maturing March 15, 2024(4)			19,745		19,844,186
Steinway Musical Instruments, Inc.
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing February 13, 2025			9,776		9,647,937
Travel Leaders Group, LLC
Term Loan, 6.48%, (1 mo. USD LIBOR + 4.00%), Maturing January 25, 2024			11,315		11,420,573
UFC Holdings, LLC
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.25%), Maturing April 30, 2026			19,030		19,117,249
				$	396,649,257

24 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Lodging and Casinos — 4.1%
Aimbridge Acquisition Co., Inc.
Term Loan, 6.25%, (1 mo. USD LIBOR + 3.75%), Maturing February 2, 2026			3,050	$	3,068,986
Aristocrat Technologies, Inc.
Term Loan, 4.34%, (3 mo. USD LIBOR + 1.75%), Maturing October 19, 2024			14,979		14,972,041
Azelis Finance S.A.
Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), Maturing November 7, 2025	EUR		2,600		2,938,943
Boyd Gaming Corporation
Term Loan, 4.67%, (1 week USD LIBOR + 2.25%), Maturing September 15, 2023			4,548		4,555,774
Churchill Downs Incorporated
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.00%), Maturing December 27, 2024			3,456		3,462,730
CityCenter Holdings, LLC
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing April 18, 2024			37,137		37,143,252
Eldorado Resorts, LLC
Term Loan, 4.75%, (1 mo. USD LIBOR + 2.25%), Maturing April 17, 2024			11,596		11,608,553
ESH Hospitality, Inc.
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing August 30, 2023			15,394		15,378,378
Four Seasons Hotels Limited
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing November 30, 2023			6,746		6,753,048
Golden Nugget, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing October 4, 2023			28,414		28,518,361
GVC Holdings PLC
Term Loan, 2.75%, (6 mo. EURIBOR + 2.75%), Maturing March 29, 2024	EUR		16,575		18,635,072
Term Loan, 4.53%, (6 mo. GBP LIBOR + 3.50%), Maturing March 29, 2024	GBP		7,500		9,784,892
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing March 29, 2024			12,474		12,484,391
Hanjin International Corp.
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.50%), Maturing October 18, 2020			5,650		5,614,688
Hilton Worldwide Finance, LLC
Term Loan, 4.23%, (1 mo. USD LIBOR + 1.75%), Maturing October 25, 2023			36,185		36,358,720
Hospitality Investors Trust
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2020			5,100		5,100,000

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Lodging and Casinos (continued)
Las Vegas Sands, LLC
Term Loan, 4.23%, (1 mo. USD LIBOR + 1.75%), Maturing March 27, 2025			16,999	$	17,001,703
MGM Growth Properties Operating Partnership L.P.
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing March 21, 2025			28,881		28,907,279
Playa Resorts Holding B.V.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing April 29, 2024			27,941		27,556,448
Richmond UK Bidco Limited
Term Loan, 4.98%, (1 mo. GBP LIBOR + 4.25%), Maturing March 3, 2024	GBP		2,809		3,500,494
Stars Group Holdings B.V. (The)
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 10, 2025	EUR		11,225		12,702,747
Term Loan, 6.10%, (3 mo. USD LIBOR + 3.50%), Maturing July 10, 2025			52,398		52,712,265
VICI Properties 1, LLC
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.00%), Maturing December 20, 2024			22,293		22,282,035
Wyndham Hotels & Resorts, Inc.
Term Loan, 4.23%, (1 mo. USD LIBOR + 1.75%), Maturing May 30, 2025			9,353		9,354,674
				$	390,395,474
Nonferrous Metals / Minerals — 0.7%
CD&R Hydra Buyer, Inc.
Term Loan, 7.50%, (0.00% Cash, 7.50% PIK), Maturing August 15, 2021(3)(8)			582	$	480,865
Dynacast International, LLC
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing January 28, 2022			13,228		13,210,897
Murray Energy Corporation
Term Loan, 9.88%, (3 mo. USD LIBOR + 7.25%), Maturing October 17, 2022			21,926		17,577,269
Noranda Aluminum Acquisition Corporation
Term Loan, 0.00%, Maturing February 28, 2020(6)			2,878		12,590
Oxbow Carbon, LLC
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing January 4, 2023			6,914		6,965,918
Term Loan - Second Lien, 9.98%, (1 mo. USD LIBOR + 7.50%), Maturing January 4, 2024			8,500		8,563,750
Rain Carbon GmbH
Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), Maturing January 16, 2025	EUR		15,625		16,824,008
				$	63,635,297

25 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Oil and Gas — 1.9%
Ameriforge Group, Inc.
Term Loan, 9.60%, (3 mo. USD LIBOR + 7.00%), Maturing June 8, 2022		21,553	$	21,553,248
Apergy Corporation
Term Loan, 5.03%, (USD LIBOR + 2.50%), Maturing May 9, 2025(4)		809		809,469
Centurion Pipeline Company, LLC
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing September 29, 2025		3,217		3,231,012
CITGO Petroleum Corporation
Term Loan, 7.60%, (3 mo. USD LIBOR + 5.00%), Maturing July 29, 2021		15,519		15,525,221
Term Loan, 7.60%, (3 mo. USD LIBOR + 5.00%), Maturing March 22, 2024		27,300		27,317,063
Delek US Holdings, Inc.
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing March 31, 2025		5,277		5,281,120
Fieldwood Energy, LLC
Term Loan, 7.73%, (1 mo. USD LIBOR + 5.25%), Maturing April 11, 2022		26,006		25,214,591
McDermott Technology Americas, Inc.
Term Loan, 7.48%, (1 mo. USD LIBOR + 5.00%), Maturing May 10, 2025		14,157		14,045,514
MEG Energy Corp.
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.50%), Maturing December 31, 2023		9,484		9,448,593
Prairie ECI Acquiror L.P.
Term Loan, 7.37%, (3 mo. USD LIBOR + 4.75%), Maturing March 11, 2026		9,550		9,669,375
PSC Industrial Holdings Corp.
Term Loan, 6.22%, (1 mo. USD LIBOR + 3.75%), Maturing October 3, 2024		8,014		7,964,022
Sheridan Investment Partners II L.P.
Term Loan, 6.13%, (3 mo. USD LIBOR + 3.50%), Maturing December 16, 2020		933		685,457
Term Loan, 6.13%, (3 mo. USD LIBOR + 3.50%), Maturing December 16, 2020		2,501		1,837,956
Term Loan, 6.13%, (3 mo. USD LIBOR + 3.50%), Maturing December 16, 2020		17,976		13,212,519
Sheridan Production Partners I, LLC
Term Loan, 6.11%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019		1,412		1,094,119
Term Loan, 6.11%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019		2,311		1,791,272
Term Loan, 6.11%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019		17,443		13,518,196

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Oil and Gas (continued)
Ultra Resources, Inc.
Term Loan, 6.24%, (1 mo. USD LIBOR + 3.75%), Maturing April 12, 2024			15,825	$	13,503,995
				$	185,702,742
Publishing — 0.9%
Ascend Learning, LLC
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing July 12, 2024			13,850	$	13,821,565
Canyon Valor Companies, Inc.
Term Loan, 5.35%, (3 mo. USD LIBOR + 2.75%), Maturing June 16, 2023			21,186		21,183,744
Getty Images, Inc.
Term Loan, 5.00%, (1 mo. EURIBOR + 5.00%), Maturing February 19, 2026	EUR		4,000		4,480,794
Term Loan, 7.00%, (1 mo. USD LIBOR + 4.50%), Maturing February 19, 2026			11,945		11,930,131
Harland Clarke Holdings Corp.
Term Loan, 7.35%, (3 mo. USD LIBOR + 4.75%), Maturing November 3, 2023			11,548		10,182,665
LSC Communications, Inc.
Term Loan, 7.93%, (1 Week USD LIBOR + 5.50%), Maturing September 30, 2022			8,891		8,924,743
Multi Color Corporation
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing October 31, 2022			3,220		3,211,998
ProQuest, LLC
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing October 24, 2021			14,051		14,068,311
Tweddle Group, Inc.
Term Loan, 6.99%, (1 mo. USD LIBOR + 4.50%), Maturing September 17, 2023			2,357		2,247,379
				$	90,051,330
Radio and Television — 2.1%
ALM Media Holdings, Inc.
Term Loan, 7.10%, (3 mo. USD LIBOR + 4.50%), Maturing July 31, 2020			8,187	$	7,782,945
AP NMT Acquisition B.V.
Term Loan, 8.35%, (3 mo. USD LIBOR + 5.75%), Maturing August 13, 2021			3,724		3,725,520
CBS Radio, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing November 18, 2024			9,933		9,941,901
Cumulus Media New Holdings, Inc.
Term Loan, 6.99%, (1 mo. USD LIBOR + 4.50%), Maturing May 15, 2022			20,699		20,521,492

26 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Radio and Television (continued)
E.W. Scripps Company (The)
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing October 2, 2024		4,112	$	4,016,421
Term Loan, Maturing April 3, 2026(5)		3,275		3,283,188
Entravision Communications Corporation
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing November 29, 2024		9,943		9,532,612
Gray Television, Inc.
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing February 7, 2024		5,810		5,807,588
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing January 2, 2026		9,052		9,089,083
Hubbard Radio, LLC
Term Loan, 5.99%, (1 mo. USD LIBOR + 3.50%), Maturing March 28, 2025		11,887		11,881,810
iHeartCommunications, Inc.
Term Loan, 0.00%, Maturing July 30, 2019(6)		5,384		3,990,737
Term Loan, 0.00%, Maturing January 30, 2020(6)		33,740		25,122,060
Mission Broadcasting, Inc.
Term Loan, 4.75%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024		4,319		4,308,133
Nexstar Broadcasting, Inc.
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024		22,956		22,898,310
Sinclair Television Group, Inc.
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.25%), Maturing January 3, 2024		14,149		14,166,928
Univision Communications, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing March 15, 2024		44,851		43,245,957
			$	199,314,685
Retailers (Except Food and Drug) — 1.9%
Ascena Retail Group, Inc.
Term Loan, 7.00%, (1 mo. USD LIBOR + 4.50%), Maturing August 21, 2022		14,167	$	12,237,150
Bass Pro Group, LLC
Term Loan, 7.48%, (1 mo. USD LIBOR + 5.00%), Maturing September 25, 2024		12,510		12,512,627
BJ’s Wholesale Club, Inc.
Term Loan, 5.47%, (1 mo. USD LIBOR + 3.00%), Maturing February 3, 2024		13,416		13,495,391
CDW, LLC
Term Loan, 4.24%, (1 mo. USD LIBOR + 1.75%), Maturing August 17, 2023		15,837		15,880,054

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Retailers (Except Food and Drug) (continued)
Coinamatic Canada, Inc.
Term Loan, 5.73%, (1 mo. USD LIBOR + 3.25%), Maturing May 14, 2022		268	$	261,527
David’s Bridal, Inc.
Term Loan, 9.98%, (1 mo. USD LIBOR + 7.50%), Maturing July 17, 2023		3,232		3,296,948
Term Loan, 10.48%, (1 mo. USD LIBOR + 8.00%), Maturing January 18, 2024		11,695		10,233,263
Global Appliance, Inc.
Term Loan, 6.49%, (1 mo. USD LIBOR + 4.00%), Maturing September 29, 2024		2,718		2,719,759
Go Wireless, Inc.
Term Loan, 8.98%, (1 mo. USD LIBOR + 6.50%), Maturing December 22, 2024		2,623		2,583,986
Harbor Freight Tools USA, Inc.
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing August 18, 2023		5,841		5,814,873
Hoya Midco, LLC
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing June 30, 2024		13,825		13,747,584
J. Crew Group, Inc.
Term Loan, 5.53%, (USD LIBOR + 3.00%), Maturing March 5, 2021(3)(4)		25,889		20,007,037
LSF9 Atlantis Holdings, LLC
Term Loan, 8.47%, (1 mo. USD LIBOR + 6.00%), Maturing May 1, 2023		12,120		11,575,048
PetSmart, Inc.
Term Loan, 6.73%, (1 mo. USD LIBOR + 4.25%), Maturing March 11, 2022		43,627		42,176,867
PFS Holding Corporation
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing January 31, 2021		9,928		3,424,988
Pier 1 Imports (U.S.), Inc.
Term Loan, 6.38%, (3 mo. USD LIBOR + 3.50%), Maturing April 30, 2021		9,406		4,185,642
Radio Systems Corporation
Term Loan, 5.25%, (1 mo. USD LIBOR + 2.75%), Maturing May 2, 2024		4,667		4,631,873
			$	178,784,617
Steel — 1.0%
Atkore International, Inc.
Term Loan, 5.36%, (3 mo. USD LIBOR + 2.75%), Maturing December 22, 2023		18,991	$	19,026,533
GrafTech Finance, Inc.
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing February 12, 2025		27,502		27,535,845

27 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Steel (continued)
Neenah Foundry Company
Term Loan, 9.05%, (2 mo. USD LIBOR + 6.50%), Maturing December 13, 2022		8,112	$	8,030,726
Phoenix Services International, LLC
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing March 1, 2025		9,727		9,749,044
Zekelman Industries, Inc.
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing June 14, 2021		29,595		29,628,275
			$	93,970,423
Surface Transport — 0.5%
1199169 B.C. Unlimited Liability Company
Term Loan, 6.60%, (3 mo. USD LIBOR + 4.00%), Maturing April 6, 2026		3,269	$	3,290,942
Agro Merchants NAI Holdings, LLC
Term Loan, 6.35%, (3 mo. USD LIBOR + 3.75%), Maturing December 6, 2024		11,350		11,364,193
Avis Budget Car Rental, LLC
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.00%), Maturing February 13, 2025		5,687		5,639,017
Kenan Advantage Group, Inc.
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing July 31, 2022		1,811		1,787,142
Term Loan, 5.48%, (1 mo. USD LIBOR + 3.00%), Maturing July 31, 2022		6,535		6,463,176
Stena International S.a.r.l.
Term Loan, 5.61%, (3 mo. USD LIBOR + 3.00%), Maturing March 3, 2021		16,849		16,669,771
XPO Logistics, Inc.
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing February 24, 2025		4,275		4,262,530
			$	49,476,771
Telecommunications — 5.0%
CenturyLink, Inc.
Term Loan, 5.23%, (1 mo. USD LIBOR + 2.75%), Maturing January 31, 2025		73,415	$	73,070,824
Ciena Corporation
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.00%), Maturing September 26, 2025		13,109		13,145,988
Colorado Buyer, Inc.
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.00%), Maturing May 1, 2024		16,488		16,075,708
Digicel International Finance Limited
Term Loan, 5.88%, (3 mo. USD LIBOR + 3.25%), Maturing May 28, 2024		14,575		13,099,115

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Telecommunications (continued)
eircom Finco S.a.r.l.
Term Loan, 3.00%, (1 mo. EURIBOR + 3.00%), Maturing April 19, 2024	EUR		31,950	$	35,837,933
Term Loan, Maturing April 23, 2026(5)	EUR		6,000		6,738,015
Gamma Infrastructure III B.V.
Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), Maturing January 9, 2025	EUR		16,287		18,084,480
Global Eagle Entertainment, Inc.
Term Loan, 10.35%, (6 mo. USD LIBOR + 7.50%), Maturing January 6, 2023			20,304		19,009,890
Intelsat Jackson Holdings S.A.
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing November 27, 2023			30,250		30,160,188
Term Loan, 6.98%, (1 mo. USD LIBOR + 4.50%), Maturing January 2, 2024			19,794		20,001,893
IPC Corp.
Term Loan, 7.09%, (3 mo. USD LIBOR + 4.50%), Maturing August 6, 2021			11,591		9,620,230
Level 3 Financing, Inc.
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing February 22, 2024			35,850		35,924,676
Onvoy, LLC
Term Loan, 7.10%, (3 mo. USD LIBOR + 4.50%), Maturing February 10, 2024			12,765		11,168,937
Plantronics, Inc.
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing July 2, 2025			14,935		14,847,750
SBA Senior Finance II, LLC
Term Loan, 4.49%, (1 mo. USD LIBOR + 2.00%), Maturing April 11, 2025			32,904		32,754,820
Sprint Communications, Inc.
Term Loan, 5.00%, (1 mo. USD LIBOR + 2.50%), Maturing February 2, 2024			61,468		59,777,390
Term Loan, 5.50%, (1 mo. USD LIBOR + 3.00%), Maturing February 2, 2024			9,426		9,304,539
Syniverse Holdings, Inc.
Term Loan, 7.47%, (1 mo. USD LIBOR + 5.00%), Maturing March 9, 2023			11,286		10,753,436
Telesat Canada
Term Loan, 5.11%, (3 mo. USD LIBOR + 2.50%), Maturing November 17, 2023			45,990		45,951,115
Zayo Group, LLC
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing January 19, 2024			4,000		4,005,312
				$	479,332,239

28 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Utilities — 1.7%
Brookfield WEC Holdings, Inc.
Term Loan, 5.98%, (1 mo. USD LIBOR + 3.50%), Maturing August 1, 2025		28,553	$	28,763,134
Calpine Construction Finance Company L.P.
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2025		2,635		2,637,960
Calpine Corporation
Term Loan, 5.11%, (3 mo. USD LIBOR + 2.50%), Maturing May 31, 2023		2,990		2,997,987
Term Loan, 5.11%, (3 mo. USD LIBOR + 2.50%), Maturing January 15, 2024		34,572		34,665,871
Dayton Power & Light Company (The)
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing August 24, 2022		5,425		5,438,688
Granite Acquisition, Inc.
Term Loan, 6.09%, (3 mo. USD LIBOR + 3.50%), Maturing December 19, 2021		37,219		37,368,202
Term Loan, 6.10%, (3 mo. USD LIBOR + 3.50%), Maturing December 19, 2021		1,686		1,692,567
Lightstone Holdco, LLC
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing January 30, 2024		871		867,886
Term Loan, 6.23%, (1 mo. USD LIBOR + 3.75%), Maturing January 30, 2024		15,439		15,387,623
Longview Power, LLC
Term Loan, 8.59%, (3 mo. USD LIBOR + 6.00%), Maturing April 13, 2021		4,692		4,199,508
Talen Energy Supply, LLC
Term Loan, 6.49%, (1 mo. USD LIBOR + 4.00%), Maturing July 15, 2023		6,134		6,152,148
Term Loan, 6.48%, (1 mo. USD LIBOR + 4.00%), Maturing April 15, 2024		11,102		11,128,159
Vistra Operations Company, LLC
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing December 14, 2023		2,481		2,491,042
Term Loan, 4.48%, (1 mo. USD LIBOR + 2.00%), Maturing December 31, 2025		12,580		12,614,004
			$	166,404,779
Total Senior Floating-Rate Loans (identified cost $8,856,336,331)			$	8,629,137,911
Corporate Bonds & Notes — 2.9%
Security	Principal Amount* (000’s omitted)		Value
Aerospace and Defense — 0.1%
TransDigm, Inc.
6.25%, 3/15/26(9)		5,275	$	5,505,781
			$	5,505,781

Security		Principal Amount* (000’s omitted)		Value
Automotive — 0.1%
Panther BF Aggregator 2 L.P./Panther Finance Co., Inc.
6.25%, 5/15/26(9)			4,325	$	4,525,248
Tenneco, Inc.
4.875%, (3 mo. EURIBOR + 4.875%), 4/15/24(9)(10)	EUR		6,000		6,788,992
				$	11,314,240
Business Equipment and Services — 0.1%
Prime Security Services Borrower, LLC/Prime Finance, Inc.
5.25%, 4/15/24(9)			7,900	$	7,939,500
5.75%, 4/15/26(9)			7,900		8,008,625
				$	15,948,125
Cable and Satellite Television — 0.1%
Virgin Media Secured Finance PLC
5.25%, 1/15/26(9)			4,635	$	4,732,150
Ziggo B.V.
5.50%, 1/15/27(9)			2,000		2,005,000
				$	6,737,150
Chemicals and Plastics — 0.2%
Hexion, Inc.
6.625%, 4/15/20(6)			16,525	$	13,178,687
PQ Corp.
6.75%, 11/15/22(9)			4,000		4,155,000
				$	17,333,687
Containers and Glass Products — 0.2%
Reynolds Group Issuer, Inc./Reynolds Group Issuer, LLC
5.75%, 10/15/20			14,537	$	14,598,397
6.097%, (3 mo. USD LIBOR + 3.50%), 7/15/21(9)(10)			9,925		9,987,031
				$	24,585,428
Drugs — 0.6%
Bausch Health Companies, Inc.
6.50%, 3/15/22(9)			11,092	$	11,494,085
7.00%, 3/15/24(9)			14,419		15,230,069
5.50%, 11/1/25(9)			19,675		20,209,963
Par Pharmaceutical, Inc.
7.50%, 4/1/27(9)			7,500		7,798,500
				$	54,732,617

29 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Security		Principal Amount* (000’s omitted)		Value
Entertainment — 0.1%
Vue International Bidco PLC
4.94%, (3 mo. EURIBOR + 5.25%), 7/15/20(9)(10)	EUR		8,625	$	9,671,561
				$	9,671,561
Food Products — 0.0%(7)
Iceland Bondco PLC
5.071%, (3 mo. GBP LIBOR + 4.25%), 7/15/20(9)(10)	GBP		1,181	$	1,541,134
				$	1,541,134
Food / Drug Retailers — 0.1%
Fresh Market, Inc. (The)
9.75%, 5/1/23(9)			12,550	$	9,684,835
				$	9,684,835
Health Care — 0.6%
Avantor, Inc.
6.00%, 10/1/24(9)			13,105	$	13,707,011
CHS/Community Health Systems, Inc.
5.125%, 8/1/21			7,500		7,425,000
6.25%, 3/31/23			16,650		16,275,375
RegionalCare Hospital Partners Holdings, Inc.
8.25%, 5/1/23(9)			10,550		11,225,859
Tenet Healthcare Corp.
6.00%, 10/1/20			2,500		2,593,750
4.375%, 10/1/21			4,700		4,776,375
				$	56,003,370
Leisure Goods / Activities / Movies — 0.1%
National CineMedia, LLC
6.00%, 4/15/22			5,250	$	5,315,625
				$	5,315,625
Oil and Gas — 0.1%
CITGO Petroleum Corp.
6.25%, 8/15/22(9)			11,500	$	11,514,375
				$	11,514,375
Radio and Television — 0.1%
iHeartCommunications, Inc.
9.00%, 12/15/19(6)			8,994	$	6,700,530
Univision Communications, Inc.
5.125%, 2/15/25(9)			5,500		5,190,625
				$	11,891,155

Security	Principal Amount* (000’s omitted)		Value
Telecommunications — 0.2%
CommScope, Inc.
6.00%, 3/1/26(9)		10,575	$	11,222,719
Digicel International Finance, Ltd./Digicel Holdings Bermuda, Ltd.
8.75%, 5/25/24(9)		6,325		6,342,836
			$	17,565,555
Utilities — 0.2%
Calpine Corp.
6.00%, 1/15/22(9)		3,000	$	3,041,250
5.875%, 1/15/24(9)		5,000		5,112,500
5.25%, 6/1/26(9)		10,925		10,979,625
			$	19,133,375
Total Corporate Bonds & Notes (identified cost $283,686,343)			$	278,478,013
Asset-Backed Securities — 2.8%
Security	Principal Amount (000’s omitted)		Value
Alinea CLO, Ltd.
Series2018-1A, Class D, 5.692%, (3 mo. USD LIBOR + 3.10%), 7/20/31(9)(10)	$	2,500	$	2,429,778
Series2018-1A, Class E, 8.592%, (3 mo. USD LIBOR + 6.00%), 7/20/31(9)(10)		3,000		2,883,785
AMMC CLO XII, Ltd.
Series2013-12A, Class ER, 8.877%, (3 mo. USD LIBOR + 6.18%), 11/10/30(9)(10)		3,525		3,412,475
AMMC CLO 15, Ltd.
Series2014-15A, Class ERR, 9.507%, (3 mo. USD LIBOR + 6.91%), 1/15/32(9)(10)		5,000		4,938,247
Apidos CLO XX
Series2015-20A, Class DR, 8.301%, (3 mo. USD LIBOR + 5.70%), 7/16/31(9)(10)		2,375		2,251,384
Ares XL CLO, Ltd.
Series2016-40A, Class CR, 5.997%, (3 mo. USD LIBOR + 3.40%), 1/15/29(9)(10)		2,500		2,506,390
Series2016-40A, Class DR, 8.947%, (3 mo. USD LIBOR + 6.35%), 1/15/29(9)(10)		3,500		3,431,528
Ares XLIX CLO, Ltd.
Series2018-49A, Class D, 5.592%, (3 mo. USD LIBOR + 3.00%), 7/22/30(9)(10)		2,500		2,461,237
Series2018-49A, Class E, 8.292%, (3 mo. USD LIBOR + 5.70%), 7/22/30(9)(10)		3,500		3,306,530

30 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Security	Principal Amount (000’s omitted)		Value
Ares XXXIIR CLO, Ltd.
Series 2014-32RA, Class C, 5.584%, (3 mo. USD LIBOR + 2.90%), 5/15/30(9)(10)	$	5,000	$	4,855,425
Ares XXXVR CLO, Ltd.
Series 2015-35RA, Class E, 8.297%, (3 mo. USD LIBOR + 5.70%), 7/15/30(9)(10)		4,000		3,780,024
Babson CLO, Ltd.
Series2015-IA, Class DR, 5.192%, (3 mo. USD LIBOR + 2.60%), 1/20/31(9)(10)		2,500		2,407,058
Series2016-1A, Class DR, 5.642%, (3 mo. USD LIBOR + 3.05%), 7/23/30(9)(10)		1,250		1,237,859
Series2016-1A, Class ER, 8.592%, (3 mo. USD LIBOR + 6.00%), 7/23/30(9)(10)		3,500		3,353,053
Series2018-1A, Class C, 5.197%, (3 mo. USD LIBOR + 2.60%), 4/15/31(9)(10)		3,500		3,378,270
Bain Capital Credit CLO
Series2018-1A, Class D, 5.292%, (3 mo. USD LIBOR + 2.70%), 4/23/31(9)(10)		5,000		4,851,440
Series2018-1A, Class E, 7.942%, (3 mo. USD LIBOR + 5.35%), 4/23/31(9)(10)		3,000		2,779,620
Benefit Street Partners CLOV-B, Ltd.
Series2018-5BA, Class C, 5.522%, (3 mo. USD LIBOR + 2.93%), 4/20/31(9)(10)		5,000		4,837,730
Series2018-5BA, Class D, 8.542%, (3 mo. USD LIBOR + 5.95%), 4/20/31(9)(10)		3,500		3,332,955
Benefit Street Partners CLO VIII, Ltd.
Series2015-8A, Class DR, 8.192%, (3 mo. USD LIBOR + 5.60%), 1/20/31(9)(10)		5,401		5,044,852
Benefit Street Partners CLO XIV, Ltd.
Series2018-14A, Class D, 5.192%, (3 mo. USD LIBOR + 2.60%), 4/20/31(9)(10)		1,500		1,417,487
Benefit Street Partners CLO XVI, Ltd.
Series2018-16A, Class D, 6.513%, (3 mo. USD LIBOR + 3.70%), 1/17/32(9)(10)		2,000		1,977,192
Series2018-16A, Class E, 9.513%, (3 mo. USD LIBOR + 6.70%), 1/17/32(9)(10)		2,250		2,232,937
Betony CLO 2, Ltd.
Series2018-1A, Class C, 5.483%, (3 mo. USD LIBOR + 2.90%), 4/30/31(9)(10)		2,500		2,398,890
Series2018-1A, Class D, 8.233%, (3 mo. USD LIBOR + 5.65%), 4/30/31(9)(10)		4,450		4,168,424
BlueMountain CLO, Ltd.
Series2016-3A, Class DR, 5.784%, (3 mo. USD LIBOR + 3.10%), 11/15/30(9)(10)		1,500		1,490,033
Series2016-3A, Class ER, 8.634%, (3 mo. USD LIBOR + 5.95%), 11/15/30(9)(10)		1,500		1,425,270
Series2018-1A, Class D, 5.633%, (3 mo. USD LIBOR + 3.05%), 7/30/30(9)(10)		2,500		2,405,505
Series2018-1A, Class E, 8.533%, (3 mo. USD LIBOR + 5.95%), 7/30/30(9)(10)		2,000		1,909,089

Security	Principal Amount (000’s omitted)		Value
Canyon Capital CLO, Ltd.
Series2012-1RA, Class E, 8.297%, (3 mo. USD LIBOR + 5.70%), 7/15/30(9)(10)	$	4,875	$	4,529,246
Series2016-1A, Class ER, 8.347%, (3 mo. USD LIBOR + 5.75%), 7/15/31(9)(10)		4,000		3,710,760
Series2016-2A, Class ER, 8.787%, (3 mo. USD LIBOR + 6.00%), 10/15/31(9)(10)		4,500		4,195,306
Series2017-1A, Class E, 8.847%, (3 mo. USD LIBOR + 6.25%), 7/15/30(9)(10)		3,250		3,106,510
Canyon CLO, Ltd.
Series2018-1A, Class D, 5.497%, (3 mo. USD LIBOR + 2.90%), 7/15/31(9)(10)		3,000		2,892,723
Series2018-1A, Class E, 8.347%, (3 mo. USD LIBOR + 5.75%), 7/15/31(9)(10)		2,750		2,565,321
Carlyle Global Market Strategies CLO, Ltd.
Series2012-3A, Class CR2, 6.097%, (3 mo. USD LIBOR + 3.50%), 1/14/32(9)(10)		2,500		2,501,930
Series2012-3A, Class DR2, 9.097%, (3 mo. USD LIBOR + 6.50%), 1/14/32(9)(10)		1,500		1,465,813
Series2014-3RA, Class C, 5.715%, (3 mo. USD LIBOR + 2.95%), 7/27/31(9)(10)		1,000		979,111
Series2014-3RA, Class D, 8.165%, (3 mo. USD LIBOR + 5.40%), 7/27/31(9)(10)		2,150		1,994,349
Series2014-4RA, Class C, 5.497%, (3 mo. USD LIBOR + 2.90%), 7/15/30(9)(10)		2,000		1,899,984
Series2014-4RA, Class D, 8.247%, (3 mo. USD LIBOR + 5.65%), 7/15/30(9)(10)		3,500		3,304,031
Carlyle CLO, Ltd
Series C17A, Class CR, 5.383%, (3 mo. USD LIBOR + 2.80%), 4/30/31(9)(10)		5,000		4,857,605
Series C17A, Class DR, 8.583%, (3 mo. USD LIBOR + 6.00%), 4/30/31(9)(10)		3,500		3,328,309
Dryden CLO, Ltd.
Series2018-55A, Class D, 5.447%, (3 mo. USD LIBOR + 2.85%), 4/15/31(9)(10)		1,500		1,458,441
Series2018-55A, Class E, 7.997%, (3 mo. USD LIBOR + 5.40%), 4/15/31(9)(10)		2,000		1,866,585
Dryden Senior Loan Fund
Series2015-40A, Class DR, 5.784%, (3 mo. USD LIBOR + 3.10%), 8/15/31(9)(10)		3,000		2,949,774
Series2015-41A, Class DR, 5.197%, (3 mo. USD LIBOR + 2.60%), 4/15/31(9)(10)		5,000		4,756,440
Series2015-41A, Class ER, 7.897%, (3 mo. USD LIBOR + 5.30%), 4/15/31(9)(10)		1,268		1,173,616
Series2016-42A, Class DR, 5.527%, (3 mo. USD LIBOR + 2.93%), 7/15/30(9)(10)		2,500		2,454,172
Series2016-42A, Class ER, 8.147%, (3 mo. USD LIBOR + 5.55%), 7/15/30(9)(10)		3,500		3,283,601

31 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Security	Principal Amount (000’s omitted)		Value
Galaxy XV CLO, Ltd.
Series2013-15A, Class ER, 9.242%, (3 mo. USD LIBOR + 6.65%), 10/15/30(9)(10)	$	2,500	$	2,423,276
Galaxy XXV CLO, Ltd.
Series2018-25A, Class D, 5.68%, (3 mo. USD LIBOR + 3.10%), 10/25/31(9)(10)		2,500		2,474,392
Series2018-25A, Class E, 8.53%, (3 mo. USD LIBOR + 5.95%), 10/25/31(9)(10)		3,500		3,331,438
Golub Capital Partners CLO, Ltd.
Series2015-22A, Class ER, 8.592%, (3 mo. USD LIBOR + 6.00%), 1/20/31(9)(10)		2,500		2,345,726
Series2018-37A, Class D, 5.892%, (3 mo. USD LIBOR + 3.30%), 7/20/30(9)(10)		4,000		3,900,700
Series2018-37A, Class E, 8.342%, (3 mo. USD LIBOR + 5.75%), 7/20/30(9)(10)		4,750		4,421,337
ICG US CLO, Ltd.
Series2018-2A, Class D, 5.692%, (3 mo. USD LIBOR + 3.10%), 7/22/31(9)(10)		2,000		1,942,052
Series2018-2A, Class E, 8.342%, (3 mo. USD LIBOR + 5.75%), 7/22/31(9)(10)		3,000		2,779,733
Madison Park Funding XXV, Ltd.
Series2017-25A, Class D, 8.871%, (3 mo. USD LIBOR + 6.10%), 4/25/29(9)(10)		1,500		1,473,293
Neuberger Berman CLO XXII, Ltd.
Series2016-22A, Class DR, 5.688%, (3 mo. USD LIBOR + 3.10%), 10/17/30(9)(10)		2,500		2,426,113
Series2016-22A, Class ER, 8.648%, (3 mo. USD LIBOR + 6.06%), 10/17/30(9)(10)		3,000		2,863,247
Neuberger Berman Loan Advisers CLO, Ltd.
Series2018-28A, Class E, 8.192%, (3 mo. USD LIBOR + 5.60%), 4/20/30(9)(10)		1,950		1,837,609
Series2018-30A, Class D, 6.411%, (3 mo. USD LIBOR + 3.65%), 1/20/31(9)(10)		2,500		2,488,702
Series2018-30A, Class E, 9.511%, (3 mo. USD LIBOR + 6.75%), 1/20/31(9)(10)		1,000		1,002,444
OHA Credit Partners VII, Ltd.
Series2012-7A, Class ER, 10.144%, (3 mo. USD LIBOR + 7.50%), 11/20/27(9)(10)		900		900,243
Palmer Square CLO, Ltd.
Series2013-2A, Class CRR, 5.788%, (3 mo. USD LIBOR + 3.20%), 10/17/31(9)(10)		2,500		2,444,750
Series2013-2A, Class DRR, 8.438%, (3 mo. USD LIBOR + 5.85%), 10/17/31(9)(10)		3,000		2,870,820
Series2018-1A, Class C, 5.28%, (3 mo. USD LIBOR + 2.50%), 4/18/31(9)(10)		3,000		2,835,549
Series2018-1A, Class D, 7.93%, (3 mo. USD LIBOR + 5.15%), 4/18/31(9)(10)		2,000		1,839,886
Series2018-2A, Class D, 8.201%, (3 mo. USD LIBOR + 5.60%), 7/16/31(9)(10)		2,000		1,864,635

Security	Principal Amount (000’s omitted)		Value
Regatta XIII Funding, Ltd.
Series2018-2A, Class C, 5.697%, (3 mo. USD LIBOR + 3.10%), 7/15/31(9)(10)	$	2,500	$	2,450,397
Series2018-2A, Class D, 8.547%, (3 mo. USD LIBOR + 5.95%), 7/15/31(9)(10)		5,000		4,690,142
Regatta XIV Funding, Ltd.
Series2018-3A, Class D, 5.971%, (3 mo. USD LIBOR + 3.20%), 10/25/31(9)(10)		2,500		2,449,327
Series2018-3A, Class E, 8.721%, (3 mo. USD LIBOR + 5.95%), 10/25/31(9)(10)		4,500		4,293,995
Regatta XV Funding, Ltd.
Series2018-4A, Class D, 9.08%, (3 mo. USD LIBOR + 6.50%), 10/25/31(9)(10)		3,875		3,811,222
Upland CLO, Ltd.
Series2016-1A, Class CR, 5.492%, (3 mo. USD LIBOR + 2.90%), 4/20/31(9)(10)		4,500		4,315,576
Series2016-1A, Class DR, 8.492%, (3 mo. USD LIBOR + 5.90%), 4/20/31(9)(10)		4,625		4,389,328
Vibrant CLO 1X, Ltd.
Series2018-9A, Class C, 5.792%, (3 mo. USD LIBOR + 3.20%), 7/20/31(9)(10)		2,500		2,419,443
Series2018-9A, Class D, 8.842%, (3 mo. USD LIBOR + 6.25%), 7/20/31(9)(10)		3,500		3,333,113
Vibrant CLO X, Ltd.
Series2018-10A, Class C, 5.842%, (3 mo. USD LIBOR + 3.25%), 10/20/31(9)(10)		5,000		4,872,640
Series2018-10A, Class D, 8.782%, (3 mo. USD LIBOR + 6.19%), 10/20/31(9)(10)		5,000		4,727,265
Voya CLO, Ltd.
Series2015-3A, Class CR, 5.742%, (3 mo. USD LIBOR + 3.15%), 10/20/31(9)(10)		2,500		2,435,755
Series2015-3A, Class DR, 8.792%, (3 mo. USD LIBOR + 6.20%), 10/20/31(9)(10)		5,500		5,258,319
Series2016-3A, Class CR, 5.851%, (3 mo. USD LIBOR + 3.25%), 10/18/31(9)(10)		2,000		1,962,850
Series2016-3A, Class DR, 8.681%, (3 mo. USD LIBOR + 6.08%), 10/18/31(9)(10)		3,375		3,226,224
Series2018-1A, Class C, 5.192%, (3 mo. USD LIBOR + 2.60%), 4/19/31(9)(10)		5,000		4,767,165
Series2018-2A, Class E, 7.847%, (3 mo. USD LIBOR + 5.25%), 7/15/31(9)(10)		2,500		2,297,062
Webster Park CLO, Ltd.
Series2015-1A, Class CR, 5.492%, (3 mo. USD LIBOR + 2.90%), 7/20/30(9)(10)		2,000		1,953,140
Series2015-1A, Class DR, 8.092%, (3 mo. USD LIBOR + 5.50%), 7/20/30(9)(10)		2,500		2,336,823
Wind River CLO, Ltd.
Series2013-1A, Class DR, 8.892%, (3 mo. USD LIBOR + 6.30%), 7/20/30(9)(10)		3,000		2,892,841
Total Asset-Backed Securities (identified cost $274,042,669)			$	263,526,666

32 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

Common Stocks — 1.3%
Security	Shares		Value
Aerospace and Defense — 0.3%
IAP Global Services, LLC(3)(11)(12)(13)		950	$	12,034,533
IAP Global Services, LLC(3)(11)(12)(13)		1,627		15,458,046
			$	27,492,579
Automotive — 0.0%(7)
Dayco Products, LLC(12)(13)		88,506	$	3,263,659
			$	3,263,659
Electronics / Electrical — 0.0%(7)
Answers Corp.(3)(12)(13)		906,100	$	1,785,017
			$	1,785,017
Health Care — 0.0%(7)
New Millennium Holdco, Inc.(12)(13)		421,318	$	33,705
			$	33,705
Nonferrous Metals / Minerals — 0.0%
ASP United/GHX Holding, LLC(3)(12)(13)		304,664	$	0
			$	0
Oil and Gas — 0.6%
AFG Holdings, Inc.(3)(12)(13)		498,342	$	36,578,303
Fieldwood Energy, Inc.(12)(13)		51,241		1,793,435
Fieldwood Energy, Inc.(12)(13)		221,919		7,767,165
Samson Resources II, LLC, Class A(12)(13)		435,055		10,332,556
Southcross Holdings Group, LLC(3)(12)(13)		1,281		0
Southcross Holdings L.P., Class A(12)(13)		1,281		720,563
			$	57,192,022
Publishing — 0.3%
ION Media Networks, Inc.(3)(13)		28,605	$	22,805,622
Tweddle Group, Inc.(3)(12)(13)		19,500		781,365
			$	23,586,987
Radio and Television — 0.1%
Cumulus Media, Inc., Class A(12)(13)		551,505	$	9,993,271
Cumulus Media, Inc., Class B(12)(13)		93,069		1,582,173
			$	11,575,444

Security	Shares		Value
Retailers (Except Food and Drug) — 0.0%(7)
David’s Bridal, Inc.(12)(13)		227,323	$	1,420,769
			$	1,420,769
Total Common Stocks (identified cost $56,119,082)			$	126,350,182
Miscellaneous — 0.0%(7)
Security	Shares		Value
Oil and Gas — 0.0%(7)
Paragon Offshore Finance Company, Class A(12)(13)		42,177	$	39,541
Paragon Offshore Finance Company, Class B(12)(13)		21,089		777,657
Total Miscellaneous (identified cost $458,685)			$	817,198
Short-Term Investments — 3.9%
Description	Units		Value
Eaton Vance Cash Reserves Fund, LLC, 2.54%(14)		368,675,783	$	368,675,783
Total Short-Term Investments (identified cost $368,673,115)			$	368,675,783
Total Investments — 101.4% (identified cost $9,839,316,225)			$	9,666,985,753
Less Unfunded Loan Commitments — (0.1)%			$	(10,930,720	)
Net Investments — 101.3% (identified cost $9,828,385,505)			$	9,656,055,033
Other Assets, Less Liabilities — (1.3)%			$	(121,854,722	)
Net Assets — 100.0%			$	9,534,200,311

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⁾ 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.

33 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Portfolio of Investments (Unaudited) — continued

⁽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 10).

⁽⁴⁾ The stated interest rate represents the weighted average interest rate at April 30, 2019 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 April 30, 2019, 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 reflectnon-accrual status.

⁽⁷⁾ Amount is less than 0.05%.

⁽⁸⁾ Fixed-rate loan.

⁽⁹⁾ 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 April 30, 2019, the aggregate value of these securities is $471,140,941 or 4.9% of the Portfolio’s net assets.

⁽¹⁰⁾ Variable rate security. The stated interest rate represents the rate in effect at April 30, 2019.

⁽¹¹⁾ Affiliated company (see Note 9).

⁽¹²⁾ Non-income producing security.

⁽¹³⁾ Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale.

⁽¹⁴⁾ 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 annualizedseven-day yield as of April 30, 2019.

Forward Foreign Currency Exchange Contracts
Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation		Unrealized (Depreciation)
USD	10,647,198	CAD	13,970,881	HSBC Bank USA, N.A.		5/31/19	$	211,028	$	—
USD	183,822,418	EUR	160,133,822	State Street Bank and Trust Company		5/31/19		3,780,753		—
USD	4,831,721	EUR	4,244,719	State Street Bank and Trust Company		5/31/19		59,298		—
GBP	4,000,000	USD	5,234,933	State Street Bank and Trust Company		6/28/19		—		(3,123	)
USD	197,407,793	EUR	174,165,418	HSBC Bank USA, N.A.		6/28/19		1,111,554		—
USD	42,866,067	EUR	38,040,750	HSBC Bank USA, N.A.		6/28/19		—		(8,439	)
USD	2,275,776	EUR	2,002,500	JPMorgan Chase Bank, N.A.		6/28/19		18,823		—
USD	152,421,593	EUR	135,605,796	Goldman Sachs International		7/31/19		—		(839,841	)
USD	74,120,199	GBP	57,096,351	State Street Bank and Trust Company		7/31/19		—		(680,189	)
							$	5,181,456	$	(1,531,592	)

Abbreviations:

CIDOR	–	Canada Three Month Interbank Rate
DIP	–	Debtor In Possession
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

34 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Statement of Assets and Liabilities (Unaudited)

Assets	April 30, 2019
Investments —
Unaffiliated investments, at value (identified cost, $9,457,366,982)	$	9,259,886,671
Affiliated investment fund, at value (identified cost, $368,673,115)		368,675,783
Affiliated companies, at value (identified cost, $2,345,408)		27,492,579
Total Investments, at value (identified cost, $9,828,385,505)	$	9,656,055,033
Cash	$	35,604,888
Deposits for derivatives collateral — forward foreign currency exchange contracts		3,940,016
Foreign currency, at value (identified cost, $534,267)		533,512
Interest receivable		27,317,206
Dividends receivable from affiliated investment fund		625,667
Receivable for investments sold		24,647,114
Receivable for open forward foreign currency exchange contracts		5,181,456
Prepaid expenses		1,730,190
Total assets	$	9,755,635,082
Liabilities
Cash collateral due to brokers	$	3,940,016
Payable for investments purchased		210,573,149
Payable for open forward foreign currency exchange contracts		1,531,592
Payable to affiliates:
Investment adviser fee		3,836,816
Trustees’ fees		9,087
Accrued expenses		1,544,111
Total liabilities	$	221,434,771
Commitments and contingencies (Note 11)
Net Assets applicable to investors’ interest in Portfolio	$	9,534,200,311

35 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Statement of Operations (Unaudited)

Investment Income	Six Months Ended April 30, 2019
Interest and other income	$	276,872,657
Dividends		4,199,935
Dividends from affiliated investment fund		4,878,888
Total investment income	$	285,951,480
Expenses
Investment adviser fee	$	24,592,001
Trustees’ fees and expenses		54,878
Custodian fee		1,136,481
Legal and accounting services		544,382
Interest expense and fees		1,533,846
Miscellaneous		201,182
Total expenses	$	28,062,770
Net investment income	$	257,888,710
Realized and Unrealized Gain (Loss)
Net realized gain (loss) —
Investment transactions	$	(65,490,910	)
Investment transactions — affiliated investment fund		(15,739	)
Foreign currency transactions		1,631,890
Forward foreign currency exchange contracts		27,342,847
Net realized loss	$	(36,531,912	)
Change in unrealized appreciation (depreciation) —
Investments	$	(83,760,955	)(1)
Investments — affiliated investment fund		83,201
Foreign currency		(617,268	)
Forward foreign currency exchange contracts		(14,274,115	)
Net change in unrealized appreciation (depreciation)	$	(98,569,137	)
Net realized and unrealized loss	$	(135,101,049	)
Net increase in net assets from operations	$	122,787,661

⁽¹⁾   Includes net change in unrealized appreciation (depreciation) from affiliated companies of $2,029,496 (see Note 9).

36 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Statements of Changes in Net Assets

Increase (Decrease) in Net Assets	Six Months Ended April 30, 2019 (Unaudited)			Year Ended October 31, 2018
From operations —
Net investment income	$	257,888,710		$	459,768,237
Net realized gain (loss)		(36,531,912	)		99,520,159
Net change in unrealized appreciation (depreciation)		(98,569,137	)		(50,513,978	)
Net increase in net assets from operations	$	122,787,661		$	508,774,418
Capital transactions —
Contributions	$	120,668,294		$	1,754,720,809
Withdrawals		(2,217,274,983	)		(561,884,656	)
Portfolio transaction fee		5,630,324			4,812,064
Net increase (decrease) in net assets from capital transactions	$	(2,090,976,365	)	$	1,197,648,217
Net increase (decrease) in net assets	$	(1,968,188,704	)	$	1,706,422,635
Net Assets
At beginning of period	$	11,502,389,015		$	9,795,966,380
At end of period	$	9,534,200,311		$	11,502,389,015

37 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Financial Highlights

	Six Months Ended April 30, 2019 (Unaudited)			Year Ended October 31,
Ratios/Supplemental Data				2018			2017			2016			2015			2014
Ratios (as a percentage of average daily net assets):
Expenses(1)		0.55	%(2)		0.54	%		0.56	%		0.58	%		0.55	%		0.52	%
Net investment income		5.10	%(2)		4.38	%		4.07	%		4.58	%		4.27	%		3.89	%
Portfolio Turnover		7	%(3)		30	%		42	%		27	%		19	%		34	%
Total Return		1.56	%(3)		5.05	%		5.69	%		7.10	%		0.56	%		2.23	%
Net assets, end of period (000’s omitted)	$	9,534,200		$	11,502,389		$	9,795,966		$	8,205,738		$	9,936,014		$	13,901,215

⁽¹⁾  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.

⁽²⁾ Annualized.

⁽³⁾ Not annualized.

38 See Notes to Financial Statements.

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Notes to Financial Statements (Unaudited)

1  Significant Accounting Policies

Eaton Vance Floating Rate Portfolio (the Portfolio) is a Massachusetts business trust registered under the Investment Company Act of 1940, as amended (the 1940 Act), as a diversified,open-end management investment company. The Portfolio’s investment objective is to provide a high level of current income. The Declaration of Trust permits the Trustees to issue interests in the Portfolio. At April 30, 2019, Eaton Vance Floating-Rate Fund, Eaton Vance Floating-Rate & High Income Fund and Eaton Vance Floating-Rate NextShares held an interest of 86.5%, 13.4% and 0.1%, respectively, in the Portfolio.

The following is a summary of significant accounting policies of the Portfolio. The policies are in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). The Portfolio 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 borrower’s 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 borrower’s 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 Portfolio 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 Portfolio. 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 Portfolio. The fair value of each Senior Loan is periodically reviewed and approved by the investment adviser’s 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 ask 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 debt 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 ask 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 ask prices or, in the case of preferred equity securities that are not listed or traded in theover-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. Forward foreign currency exchange contracts are generally valued at the mean of the average bid and average ask 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 Portfolio’s 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.

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.

Affiliated Fund. The Portfolio 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 Rule2a-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.

39

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Notes to Financial Statements (Unaudited) — continued

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 Portfolio in a manner that most fairly reflects the security’s “fair value”, which is the amount that the Portfolio 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 security’s 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 company’s or entity’s financial statements, 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 theex-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 Portfolio has elected to be treated as a partnership for federal tax purposes. No provision is made by the Portfolio for federal or state taxes on any taxable income of the Portfolio because each investor in the Portfolio is ultimately responsible for the payment of any taxes on its share of taxable income. Since at least one of the Portfolio’s investors is a regulated investment company that invests all or substantially all of its assets in the Portfolio, the Portfolio normally must satisfy the applicable source of income and diversification requirements (under the Internal Revenue Code) in order for its investors to satisfy them. The Portfolio will allocate, at least annually among its investors, each investor’s distributive share of the Portfolio’s net investment income, net realized capital gains and losses and any other items of income, gain, loss, deduction or credit.

As of April 30, 2019, the Portfolio had no uncertain tax positions that would require financial statement recognition,de-recognition, or disclosure. The Portfolio files a U.S. federal income tax return annually after its fiscalyear-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 Portfolio may enter into certain loan agreements all or a portion of which may be unfunded. The Portfolio is obligated to fund these commitments at the borrower’s discretion. These commitments are disclosed in the accompanying Portfolio of Investments. At April 30, 2019, the Portfolio 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 Portfolio’s organizational documents, its officers and Trustees may be indemnified against certain liabilities and expenses arising out of the performance of their duties to the Portfolio. Under Massachusetts law, if certain conditions prevail, interestholders in the Portfolio could be deemed to have personal liability for the obligations of the Portfolio. However, the Portfolio’s Declaration of Trust contains an express disclaimer of liability on the part of Portfolio interestholders and theBy-laws provide that the Portfolio shall assume the defense on behalf of any Portfolio interestholder. Moreover, theBy-laws also provide for indemnification out of Portfolio property of any interestholder held personally liable solely by reason of being or having been an interestholder for all loss or expense arising from such liability. Additionally, in the normal course of business, the Portfolio enters into agreements with service providers that may contain indemnification clauses. The Portfolio’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Portfolio that have not yet occurred.

I  Forward Foreign Currency Exchange Contracts — The Portfolio 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.

J  Capital Transactions — To seek to protect the Portfolio (and, indirectly, other investors in the Portfolio) against the costs of accommodating investor inflows and outflows, the Portfolio imposes a fee (“Portfolio transaction fee”) on inflows and outflows by Portfolio investors. The Portfolio transaction fee is sized to cover the estimated cost to the Portfolio of, in connection with issuing interests, converting the cash and/or other instruments it receives to the

40

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Notes to Financial Statements (Unaudited) — continued

desired composition and, in connection with redeeming its interests, converting Portfolio holdings to cash and/or other instruments to be distributed. Such fee, which may vary over time, is limited to amounts that have been authorized by the Board of Trustees and determined by EVM to be appropriate. The maximum Portfolio transaction fee is 2% of the amount of net contributions or withdrawals. The Portfolio transaction fee is recorded as a component of capital transactions on the Statements of Changes in Net Assets.

K  Interim Financial Statements — The interim financial statements relating to April 30, 2019 and for the six months then ended have not been audited by an independent registered public accounting firm, but in the opinion of the Portfolio’s management, reflect all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of the financial statements.

2  Investment Adviser Fee and Other Transactions with Affiliates

The investment adviser fee is earned by Boston Management and Research (BMR), a subsidiary of EVM, as compensation for investment advisory services rendered to the Portfolio. Pursuant to the investment advisory agreement and subsequent fee reduction agreements between the Portfolio and BMR, the fee is computed at an annual rate of 0.575% of the Portfolio’s average daily net assets up to $1 billion, 0.525% from $1 billion up to $2 billion, 0.490% from $2 billion up to $5 billion, 0.460% from $5 billion up to $10 billion, 0.435% from $10 billion up to $15 billion, 0.415% from $15 billion up to $20 billion, 0.400% from $20 billion up to $25 billion and 0.390% of average daily net assets of $25 billion or more, and is payable monthly. The fee reductions cannot be terminated or reduced without the approval of a majority vote of the Trustees of the Portfolio who are not interested persons of BMR or the Portfolio and by the vote of a majority of the holders of interests in the Portfolio. For the six months ended April 30, 2019, the Portfolio’s investment adviser fee amounted to $24,592,001 or 0.49% (annualized) of the Portfolio’s average daily net assets. The Portfolio invests its cash in Cash Reserves Fund. EVM does not currently receive a fee for advisory services provided to Cash Reserves Fund.

Trustees and officers of the Portfolio who are members of EVM’s or BMR’s organizations receive remuneration for their services to the Portfolio out of the investment adviser fee. Trustees of the Portfolio who are not affiliated with the investment adviser 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 April 30, 2019, no significant amounts have been deferred. Certain officers and Trustees of the Portfolio are officers of the above organizations.

3  Purchases and Sales of Investments

Purchases and sales of investments, other than short-term obligations, and including maturities and principal repayments on Senior Loans, aggregated $730,517,622 and $2,254,497,009, respectively, for the six months ended April 30, 2019.

4  Federal Income Tax Basis of Investments

The cost and unrealized appreciation (depreciation) of investments, including open derivative contracts, of the Portfolio at April 30, 2019, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	9,829,526,002
Gross unrealized appreciation	$	113,998,031
Gross unrealized depreciation		(283,819,136	)
Net unrealized depreciation	$	(169,821,105	)

5  Financial Instruments

The Portfolio may trade in financial instruments withoff-balance sheet risk in the normal course of its investing activities. These financial instruments may include forward foreign currency exchange 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 Portfolio 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 April 30, 2019 is included in the Portfolio of Investments. At April 30, 2019, the Portfolio had sufficient cash and/or securities to cover commitments under these contracts.

The Portfolio is subject to foreign exchange risk in the normal course of pursuing its investment objective. 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.

41

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Notes to Financial Statements (Unaudited) — continued

The Portfolio enters into forward foreign currency exchange contracts that may contain provisions whereby the counterparty may terminate the contract under certain conditions, including but not limited to a decline in the Portfolio’s net assets below a certain level over a certain period of time, which would trigger a payment by the Portfolio for those derivatives in a liability position. At April 30, 2019, the fair value of derivatives with credit-related contingent features in a net liability position was $1,531,592. At April 30, 2019, there were no assets pledged by the Portfolio for such liability.

Theover-the-counter (OTC) derivatives in which the Portfolio 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 Portfolio 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 Portfolio 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 Portfolio 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 Portfolio’s net assets decline by a stated percentage or the Portfolio fails to meet the terms of its ISDA Master Agreements, which would cause the counterparty to accelerate payment by the Portfolio 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 Portfolio and/or counterparty is held in segregated accounts by the Portfolio’s 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 Portfolio, a corresponding liability on the Statement of Assets and Liabilities. Securities pledged by the Portfolio as collateral, if any, are identified as such in the Portfolio of Investments. The carrying amount of the liability for cash collateral due to brokers at April 30, 2019 approximated its fair value. If measured at fair value, such liability would have been considered as Level 2 in the fair value hierarchy (see Note 10) at April 30, 2019.

The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) and whose primary underlying risk exposure is foreign exchange risk at April 30, 2019 was as follows:

	Fair Value
Derivative	Asset Derivative			Liability Derivative
Forward foreign currency exchange contracts	$	5,181,456	(1)	$	(1,531,592	)(2)
Total Derivatives subject to master netting or similar agreements	$	5,181,456		$	(1,531,592	)

⁽¹⁾  Statement of Assets and Liabilities location: Receivable for open forward foreign currency exchange contracts.

⁽²⁾  Statement of Assets and Liabilities location: Payable for open forward foreign currency exchange contracts.

The Portfolio’s derivative assets and liabilities at fair value by type, which are reported gross in the Statement of Assets and Liabilities, are presented in the table above. The following tables present the Portfolio’s 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 Portfolio for such assets and pledged by the Portfolio for such liablities as of April 30, 2019.

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)
HSBC Bank USA, N.A.	$	1,322,582	$	(8,439	)	$	(1,314,143	)	$	—	$	—
JPMorgan Chase Bank, N.A.		18,823		—			—			—		18,823
State Street Bank and Trust Company		3,840,051		(683,312	)		(3,156,739	)		—		—
	$	5,181,456	$	(691,751	)	$	(4,470,882	)	$	—	$	18,823

42

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Notes to Financial Statements (Unaudited) — continued

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)
Goldman Sachs International	$	(839,841	)	$	—	$	—	$	—	$	(839,841	)
HSBC Bank USA, N.A.		(8,439	)		8,439		—		—		—
State Street Bank and Trust Company		(683,312	)		683,312		—		—		—
	$	(1,531,592	)	$	691,751	$	—	$	—	$	(839,841	)

^(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.

The effect of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) on the Statement of Operations and whose primary underlying risk exposure is foreign exchange risk for the six months ended April 30, 2019 was as follows:

Derivative	Realized Gain (Loss) on Derivatives Recognized in Income(1)		Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in  Income(2)
Forward foreign currency exchange contracts	$	27,342,847	$	(14,274,115	)

⁽¹⁾  Statement of Operations location: Net realized gain (loss) – Forward foreign currency exchange contracts.

⁽²⁾  Statement of Operations location: Change in unrealized appreciation (depreciation) – Forward foreign currency exchange contracts.

The average notional amount of forward foreign currency exchange contracts (based on the absolute value of notional amounts of currency purchased and currency sold) outstanding during the six months ended April 30, 2019, which is indicative of the volume of this derivative type, was approximately $765,871,000.

6  Credit Facility

The Portfolio participates with another portfolio and fund managed by EVM and its affiliates in a $875 million unsecured credit facility with a group of banks, which is in effect through March 9, 2020. Borrowings are made by the Portfolio solely to facilitate the handling of unusual and/or unanticipated short-term cash requirements. Interest is payable on amounts borrowed overnight at the Federal Funds rate plus a margin and for all other amounts borrowed for longer periods at a base rate or LIBOR, plus a margin. In addition, a fee computed at an annual rate of 0.15% on the daily unused portion of each lender’s commitment amount is allocated among the participating portfolios and fund at the end of each quarter. Also included in interest expense and fees on the Statement of Operations is approximately $638,000 of amortization of upfront fees paid by the Portfolio in connection with the annual renewal of the Agreement. The unamortized balance of upfront fees at April 30, 2019 is $1,043,747 and is included in prepaid expenses in the Statement of Assets and Liabilities. Because the credit facility is not available exclusively to the Portfolio and the maximum amount is capped, it may be unable to borrow some or all of a requested amount at any particular time. The Portfolio did not have any significant borrowings during the six months ended April 30, 2019.

7  Risks Associated with Foreign Investments

Investing in securities issued by companies 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 Portfolio, 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.

43

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Notes to Financial Statements (Unaudited) — continued

8  Credit Risk

The Portfolio invests primarily in below investment grade floating-rate loans, which are considered speculative because of the credit risk of their issuers. Changes in economic conditions or other circumstances are more likely to reduce the capacity of issuers of these securities to make principal and interest payments. Such companies are more likely to default on their payments of interest and principal owed than issuers of investment grade bonds. An economic downturn generally leads to a highernon-payment rate, and a loan or other debt obligation may lose significant value before a default occurs. Lower rated investments also may be subject to greater price volatility than higher rated investments. Moreover, the specific collateral used to secure a loan may decline in value or become illiquid, which would adversely affect the loan’s value.

9  Investments in Affiliated Companies

An affiliated company is a company in which a fund has a direct or indirect ownership of, control of, or voting power of 5 percent or more of the outstanding voting shares, or a company that is under common ownership or control with a fund. At April 30, 2019, the value of the Portfolio’s investment in affiliated companies was $27,492,579, which represents 0.29% of the Portfolio’s net assets. Transactions in affiliated companies by the Portfolio for the six months ended April 30, 2019 were as follows:

Name of affiliated company	Shares, beginning of period		Gross additions		Gross reductions		Shares, end of period		Value, end of period		Dividend income		Net realized gain (loss)		Change in unrealized appreciation (depreciation)
Common Stock*
IAP Global Services, LLC(1)(2)(3)		2,577		—		—		2,577	$	27,492,579	$	—	$	—	$	2,029,496

* The related industry is the same as the presentation in the Portfolio of Investments.

⁽¹⁾  For fair value measurement disclosure purposes, security is categorized as Level 3 (see Note 10).

⁽²⁾  Non-income producing security.

⁽³⁾  Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale.

10  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.

44

Eaton Vance

Floating Rate Portfolio

April 30, 2019

Notes to Financial Statements (Unaudited) — continued

At April 30, 2019, 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
Senior Floating-Rate Loans (Less Unfunded Loan Commitments)	$	—	$	8,588,538,610		$	29,668,581	$	8,618,207,191
Corporate Bonds & Notes		—		278,478,013			—		278,478,013
Asset-Backed Securities		—		263,526,666			—		263,526,666
Common Stocks		9,993,271		26,914,025			89,442,886		126,350,182
Miscellaneous		—		817,198			—		817,198
Short-Term Investments		—		368,675,783			—		368,675,783
Total Investments	$	9,993,271	$	9,526,950,295		$	119,111,467	$	9,656,055,033
Forward Foreign Currency Exchange Contracts	$	—	$	5,181,456		$	—	$	5,181,456
Total	$	9,993,271	$	9,532,131,751		$	119,111,467	$	9,661,236,489
Liability Description
Forward Foreign Currency Exchange Contracts	$	—	$	(1,531,592	)	$	—	$	(1,531,592	)
Total	$	—	$	(1,531,592	)	$	—	$	(1,531,592	)

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

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 April 30, 2019 is not presented.

11  Legal Proceedings

In May 2015, the Portfolio 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 GM’s 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 GM’s unsecured creditors, (2) disgorgement of any interest payments made to the Term Loan Lenders within ninety days of GM’s 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 Portfolio is approximately $10,668,000 (equal to 0.11% of net assets at April 30, 2019). In April 2019, the parties to the litigation reached a settlement agreement in principle, subject to Court approval. The Portfolio does not anticipate that it will suffer any loss to the Portfolio’s net asset value as a result of the settlement. The attorneys’ fees and costs related to these actions are expensed by the Portfolio as incurred.

45

Eaton Vance

Floating-Rate NextShares

April 30, 2019

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 the investment advisory agreement between a fund and its investment adviser will continue in effect from year-to-year only if its continuation is approved on an annual basis by a vote of the fund’s board of trustees, including 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 held on April 24, 2019, the Boards of Trustees/Directors (collectively, the “Board”) of the registered investment companies advised by Eaton Vance Management or its affiliate, Boston Management and Research (the “Eaton Vance Funds”), including a majority of the independent trustees (the “Independent Trustees”), voted to approve the continuation of existing investment advisory and sub-advisory agreements for each of 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 exclusively comprised of Independent Trustees. Prior to making its recommendation, the Contract Review Committee reviewed information furnished by the adviser and sub-adviser (where applicable) to each of the Eaton Vance Funds (including information specifically requested by the Board) for a series of meetings held between February and April 2019. Members of the Contract Review Committee also considered information received at prior meetings of the Board and its committees, to the extent such information was relevant to the Contract Review Committee’s annual evaluation of the investment advisory and sub-advisory agreements.

Among other things, the information the Board considered included the following (for funds that invest through one or more underlying portfolios, 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 advisory and related fees paid by each fund to such fees paid by comparable funds, as identified by the independent data provider (“comparable funds”);

• A report from an independent data provider comparing each fund’s total expense ratio (and its components) to those of 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 relative to benchmark indices and, in certain instances, to customized groups of peer funds and blended indices identified by the adviser in consultation with the Portfolio Management Committee of the Board;

• Comparative information concerning the fees charged and services provided by the adviser and sub-adviser (where applicable) to each fund 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(s), if any;

• Profitability analyses with respect to the adviser and sub-adviser (where applicable) to each of the funds;

Information about Portfolio Management and Trading

• Descriptions of the investment management services provided to each fund, as well as each of the funds’ investment strategies and policies;

• The procedures and processes used to determine the fair value of fund assets, when necessary, and actions taken to monitor and test the effectiveness of such procedures and processes;

• Information about the policies and practices of each fund’s adviser and sub-adviser (where applicable and in the context of a sub-adviser with trading responsibilities) with respect to trading, including their processes for seeking best execution of portfolio transactions;

• Information about the allocation of brokerage transactions and the benefits, if any, received by the adviser and sub-adviser (where applicable and in the context of a sub-adviser with trading responsibilities) to each fund 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 the portfolio turnover rate of each fund;

Information about each Adviser and Sub-adviser

• Reports detailing the financial results and condition of the adviser and sub-adviser (where applicable) to each fund;

• Information regarding the individual investment professionals whose responsibilities include portfolio management and investment research for the funds, and, for portfolio managers and certain other investment professionals, information relating to their responsibilities with respect to managing other mutual funds and investment accounts, if applicable;

• The Code of Ethics of the adviser and its affiliates and the sub-adviser (where applicable) of each fund, 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 the adviser and its affiliates and the sub-adviser (where applicable) of each fund, if any, including descriptions of their various compliance programs and their record of compliance;

• Information concerning the business continuity and disaster recovery plans of the adviser and its affiliates and the sub-adviser (where applicable) of each fund, if any;

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Eaton Vance

Floating-Rate NextShares

April 30, 2019

Board of Trustees’ Contract Approval — continued

• A description of Eaton Vance Management’s and Boston Management and Research’s oversight of sub-advisers, including with respect to regulatory and compliance issues, investment management and other matters;

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 the adviser or administrator to each of the funds; and

• The terms of each investment advisory agreement.

During the various meetings of the Board and its committees throughout the twelve months ended April 2019, the Trustees received information from portfolio managers and other investment professionals of the advisers and sub-advisers (where applicable) of the funds regarding investment and performance matters, and considered various investment and trading strategies used in pursuing the funds’ investment objectives. The Trustees also received information regarding risk management techniques employed in connection with the management of the funds. The Board and its Committees 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, Boston Management and Research and fund sub-advisers (as applicable), with respect to such matters. In addition to the formal meetings of the Board and its committees, the Independent Trustees held regular teleconferences to discuss, among other topics, matters relating to the continuation of investment advisory and sub-advisory agreements.

The Contract Review Committee was advised throughout the contract review process by Goodwin Procter LLP, independent legal counsel for the Independent Trustees. The members of the Contract Review Committee, with the advice of such counsel, exercised 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 fee structures and other terms contained in such agreements, the members of the Contract Review Committee were also informed by multiple years of analysis and discussion with the adviser and sub-adviser (where applicable) to each of the Eaton Vance Funds.

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 and administrative agreement between Eaton Vance Floating-Rate NextShares (the “Fund”) and Eaton Vance Management (“EVM”), as well as the investment advisory agreement between Eaton Vance Floating Rate Portfolio (the “Portfolio”), the portfolio in which the Fund invests, and Boston Management and Research (“BMR”) (EVM, with respect to the Fund, and BMR, with respect to the Portfolio, are each referred to herein as the “Adviser”), including their respective fee structures, are in the interests of shareholders and, therefore, recommended to the Board approval of each agreement. Based on the recommendation of the Contract Review Committee, the Board, including a majority of the Independent Trustees, voted to approve continuation of the investment advisory and administrative agreement for the Fund and the investment advisory agreement for the Portfolio (together, the “investment advisory agreements”).

Nature, Extent and Quality of Services

In considering whether to approve the investment advisory agreements for the Fund and the Portfolio, the Board evaluated the nature, extent and quality of services provided to the Fund and the Portfolio by the applicable Adviser.

The Board considered each Adviser’s management capabilities and investment processes in light of the types of investments held by the Fund and the Portfolio, including the education, experience and number of investment professionals and other personnel who provide portfolio management, investment research, and similar services to the Fund and the Portfolio, including recent changes to such personnel. In particular, the Board considered the abilities and experience of the Adviser’s investment professionals in analyzing special considerations relevant to investing in senior floating rate loans. The Board considered the Adviser’s large group of bank loan investment professionals and other personnel who provide services to the Portfolio, including portfolio managers and analysts. The Board also took into account the resources dedicated to portfolio management and other services, the compensation methods of each Adviser and other factors, including 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 and the Portfolio, 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 and the Portfolio, including the provision of administrative services. The Board also considered the business-related and other risks to which each Adviser or its affiliates may be subject in managing the Fund and the Portfolio.

The Board considered the special attributes of the Fund relative to a traditional mutual fund and the benefits that are expected to be realized from an investment in the Fund, rather than a traditional mutual fund. The Board also considered the resources devoted by the applicable Adviser and its affiliates in developing and maintaining an infrastructure necessary to support the on-going operations of the Fund.

47

Eaton Vance

Floating-Rate NextShares

April 30, 2019

Board of Trustees’ Contract Approval — continued

The Board noted that under the terms of the investment advisory agreement of the Fund, EVM may invest assets of the Fund directly in securities, for which it would receive a fee, or in the Portfolio, for which it receives no separate fee but for which BMR receives an advisory fee from the Portfolio.

The Board considered the compliance programs of each Adviser and relevant affiliates thereof. The Board considered compliance and reporting matters regarding, among other things, personal trading by investment professionals, disclosure of portfolio holdings, late trading, frequent trading, portfolio valuation, business continuity and the allocation of investment opportunities. The Board also considered the responses of each 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, as well as the ability, in many cases, to exchange an investment among different funds without incurring additional sales charges.

After consideration of the foregoing factors, among others, the Board concluded that the nature, extent and quality of services provided by each Adviser, taken as a whole, are appropriate and consistent with the terms of the applicable investment advisory agreement.

Fund Performance

The Board compared the Fund’s investment performance to that of comparable funds and appropriate benchmark indices, as well as a customized peer group of similarly managed funds. In light of the Fund’s relatively brief operating history, the Board concluded that additional time is required to evaluate Fund performance.

Management Fees and Expenses

The Board considered contractual fee rates payable by the Portfolio and by the Fund for advisory and administrative services (referred to collectively as “management fees”). As part of its review, the Board considered the Fund’s management fees and total expense ratio for the one-year period ended September 30, 2018, as compared to those of comparable funds, before and after giving effect to any undertaking to waive fees or reimburse expenses. The Board also received and considered information about the services offered and the fee rates charged by the Adviser to other types of accounts with investment objectives and strategies that are substantially similar to and/or managed in a similar investment style as the Portfolio. In this regard, the Board received information about the differences in the nature and scope of services the Adviser provides to the Portfolio as compared to other types of accounts and the material differences in compliance, reporting and other legal burdens and risks to the Adviser as between the Portfolio and other types of accounts. The Board also considered factors that had an impact on the Fund’s total expense ratio relative to comparable funds.

After considering the foregoing information, and in light of the nature, extent and quality of the services provided by each Adviser, the Board concluded that the management fees charged for advisory and related services are reasonable.

Profitability and “Fall-Out” Benefits

The Board considered the level of profits realized by each Adviser and relevant affiliates thereof in providing investment advisory and administrative services to the Fund, to the Portfolio 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 each Adviser and its affiliates to third parties in respect of distribution services.

The Board concluded that, in light of the foregoing factors and the nature, extent and quality of the services rendered, the profits realized by each Adviser and its affiliates are deemed not to be excessive.

The Board also considered direct or indirect fall-out benefits received by each Adviser and its affiliates in connection with their respective relationships with the Fund and the Portfolio, including the benefits of research services that may be available to each Adviser as a result of securities transactions effected for the Fund and the Portfolio and other investment advisory clients.

Economies of Scale

In reviewing management fees and profitability, the Board also considered the extent to which the applicable Adviser and its affiliates, on the one hand, and the Fund and the Portfolio, on the other hand, can expect to realize benefits from economies of scale as the assets of the Fund and the Portfolio 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 each 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 the benefits from economies of scale, if any, when they are realized by the Adviser. The Board also concluded that the structure of the advisory fees, which include breakpoints at several asset levels, will allow the Fund and the Portfolio to continue to benefit from any economies of scale in the future.

48

Eaton Vance

Floating-Rate NextShares

April 30, 2019

Officers and Trustees

Officers of Eaton Vance Floating-Rate NextShares

Payson F. Swaffield

President

Maureen A. Gemma

Vice President, Secretary and Chief Legal Officer

James F. Kirchner

Treasurer

Richard F. Froio

Chief Compliance Officer

Officers of Eaton Vance Floating Rate Portfolio

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 Floating-Rate NextShares and Eaton Vance Floating Rate Portfolio

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

Scott E. Wennerholm

* Interested Trustee

⁽¹⁾  Messrs. Quinton and Smith began serving as Trustees effective October 1, 2018.

49

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 customer’s 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 Management’s 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 customer’s account (i.e., fund shares) is held in the name of a third-party financial advisor/broker-dealer, it is likely that only such advisor’s privacy policies apply to the customer. This notice supersedes all previously issued privacy disclosures. For more information about Eaton Vance’s Privacy Policy, please call1-800-262-1122.

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. Your broker may household the mailing of your documents indefinitely unless you instruct your broker otherwise.If you would prefer that your Eaton Vance documents not be householded, please contact your broker. Your instructions that householding not apply to delivery of your Eaton Vance documents will typically be effective within 30 days of receipt by your broker.

Portfolio Holdings.  Each Eaton Vance Fund and its underlying Portfolio(s) (if applicable) files a schedule of portfolio holdings on Part F toForm N-PORT with the SEC for the first and third quarters of each fiscal year. The Form N-PORT will be available on the Eaton Vance website at www.eatonvance.com, by calling Eaton Vance at1-800-262-1122 or in the EDGAR database on the SEC’s website at www.sec.gov.

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 recent12-month period ended June 30, without charge, upon request, by calling1-800-262-1122 and by accessing the SEC’s website at www.sec.gov.

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Investment Adviser of Eaton Vance Floating Rate Portfolio

Boston Management and Research

Two International Place

Boston, MA 02110

Investment Adviser and Administrator of Eaton Vance Floating-Rate NextShares

Eaton Vance Management

Two International Place

Boston, MA 02110

Distributor*

Foreside Fund Services, LLC

Three Canal Plaza, Suite 100

Portland, ME 04101

Custodian

State Street Bank and Trust Company

State Street Financial Center, One Lincoln Street

Boston, MA 02111

Transfer and Dividend Disbursing Agent

State Street Bank and Trust Company

State Street Financial Center, One Lincoln Street

Boston, MA 02111

Fund Offices

Two International Place

Boston, MA 02110

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29111    4.30.19

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 applicable.

Item 6. Schedule of Investments

Please see schedule of investments contained in the Report to Stockholders included under Item 1 of this FormN-CSR.

Item 7. Disclosure of Proxy Voting Policies and Procedures forClosed-End Management Investment Companies

Not applicable.

Item 8. Portfolio Managers ofClosed-End Management Investment Companies

Not applicable.

Item 9. Purchases of Equity Securities byClosed-End Management Investment Company and Affiliated Purchasers

Not applicable.

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 registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s 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 Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s 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 registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities forClosed-End Management Investment Companies

Not applicable.

Item 13. Exhibits

(a)(1)	Registrant’s Code of Ethics – Not applicable (please see Item 2).
(a)(2)(i)	Treasurer’s Section 302 certification.
(a)(2)(ii)	President’s Section 302 certification.
(b)	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 NextShares Trust II

By:	/s/ Payson F. Swaffield
	Payson F. Swaffield
	President
Date:	June 24, 2019

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.

By:	/s/ James F. Kirchner
	James F. Kirchner
	Treasurer
Date:	June 24, 2019
By:	/s/ Payson F. Swaffield
	Payson F. Swaffield
	President
Date:	June 24, 2019