Eaton Vance
Balanced Fund
September 30, 2023 (Unaudited)
Eaton Vance Balanced Fund (the Fund), a diversified series of Eaton Vance Special Investment Trust, pursues its investment objective by investing in one or more registered investment companies (each a Portfolio) managed by Eaton Vance Management or its affiliates. The Fund owns a pro rata interest in the net assets of each Portfolio in which it invests. At September 30, 2023, the Fund owned 57.2% of Core Bond Portfolio’s outstanding interests and 86.9% of Stock Portfolio’s outstanding interests. The Fund’s Portfolio of Investments at September 30, 2023 is set forth below.
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Eaton Vance
Balanced Fund
September 30, 2023
Portfolio of Investments (Unaudited)
Investments in Affiliated Portfolios |
Description | Value | % of Net Assets | |
Core Bond Portfolio | |||
(identified cost $380,410,482) | $331,271,699 | 40.6% | |
Stock Portfolio | |||
(identified cost $348,577,419) | 485,669,465 | 59.5 | |
Total Investments in Affiliated Portfolios (identified cost $728,987,901) | $816,941,164 | 100.1% | |
Total Investments (identified cost $728,987,901) | $816,941,164 | 100.1% | |
Other Assets, Less Liabilities | $ (616,783) | (0.1)% | |
Net Assets | $816,324,381 | 100.0% |
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
• | Level 1 — quoted prices in active markets for identical investments |
• | Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments) |
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. At September 30, 2023 and December 31, 2022, the Fund’s investments in the Portfolios were valued based on Level 1 inputs.
For information on the Fund's policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent financial statements included in its semiannual or annual report to shareholders.
The Stock Portfolio’s Portfolio of Investments is set forth below. A copy of Part F to Form N-PORT (containing a Portfolio of Investments) for Core Bond Portfolio at September 30, 2023 is available by calling Eaton Vance at 1-800-262-1122 or in EDGAR database on the Securities and Exchange Commission’s website at www.sec.gov.
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Stock Portfolio
September 30, 2023
Portfolio of Investments (Unaudited)
Common Stocks — 97.6% |
Security | Shares | Value | |
Aerospace & Defense — 0.8% | |||
HEICO Corp. | 28,500 | $ 4,615,005 | |
$ 4,615,005 | |||
Automobile Components — 0.6% | |||
Aptiv PLC(1) | 32,756 | $ 3,229,414 | |
$ 3,229,414 | |||
Beverages — 4.0% | |||
Coca-Cola Co. (The) | 199,546 | $ 11,170,585 | |
PepsiCo, Inc. | 65,300 | 11,064,432 | |
$ 22,235,017 | |||
Biotechnology — 2.2% | |||
AbbVie, Inc. | 81,616 | $ 12,165,681 | |
$ 12,165,681 | |||
Broadline Retail — 4.3% | |||
Amazon.com, Inc.(1) | 188,220 | $ 23,926,526 | |
$ 23,926,526 | |||
Capital Markets — 5.9% | |||
Intercontinental Exchange, Inc. | 87,104 | $ 9,583,182 | |
S&P Global, Inc. | 24,136 | 8,819,536 | |
Stifel Financial Corp. | 91,900 | 5,646,336 | |
Tradeweb Markets, Inc., Class A | 114,029 | 9,145,126 | |
$ 33,194,180 | |||
Chemicals — 1.5% | |||
Linde PLC | 23,300 | $ 8,675,755 | |
$ 8,675,755 | |||
Commercial Services & Supplies — 1.1% | |||
Waste Management, Inc. | 39,278 | $ 5,987,538 | |
$ 5,987,538 | |||
Consumer Staples Distribution & Retail — 2.2% | |||
Walmart, Inc. | 77,300 | $ 12,362,589 | |
$ 12,362,589 |
Security | Shares | Value | |
Containers & Packaging — 1.0% | |||
AptarGroup, Inc. | 43,515 | $ 5,441,116 | |
$ 5,441,116 | |||
Electric Utilities — 1.0% | |||
NextEra Energy, Inc. | 97,540 | $ 5,588,067 | |
$ 5,588,067 | |||
Electrical Equipment — 1.5% | |||
AMETEK, Inc. | 55,556 | $ 8,208,954 | |
$ 8,208,954 | |||
Financial Services — 3.4% | |||
Shift4 Payments, Inc., Class A(1) | 88,900 | $ 4,922,393 | |
Visa, Inc., Class A | 61,430 | 14,129,514 | |
$ 19,051,907 | |||
Ground Transportation — 1.3% | |||
Union Pacific Corp. | 35,224 | $ 7,172,663 | |
$ 7,172,663 | |||
Health Care Equipment & Supplies — 2.8% | |||
Intuitive Surgical, Inc.(1) | 24,900 | $ 7,278,021 | |
Stryker Corp. | 29,700 | 8,116,119 | |
$ 15,394,140 | |||
Hotels, Restaurants & Leisure — 1.8% | |||
Domino's Pizza, Inc. | 9,500 | $ 3,598,505 | |
Marriott International, Inc., Class A | 31,928 | 6,275,768 | |
$ 9,874,273 | |||
Insurance — 3.1% | |||
Allstate Corp. (The) | 67,600 | $ 7,531,316 | |
W.R. Berkley Corp. | 151,400 | 9,612,386 | |
$ 17,143,702 | |||
Interactive Media & Services — 7.5% | |||
Alphabet, Inc., Class C(1) | 223,580 | $ 29,479,023 | |
Meta Platforms, Inc., Class A(1) | 42,400 | 12,728,904 | |
$ 42,207,927 | |||
IT Services — 1.1% | |||
Gartner, Inc.(1) | 18,500 | $ 6,356,785 | |
$ 6,356,785 |
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Stock Portfolio
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security | Shares | Value | |
Life Sciences Tools & Services — 3.0% | |||
Danaher Corp. | 32,792 | $ 8,135,695 | |
Thermo Fisher Scientific, Inc. | 16,534 | 8,369,015 | |
$ 16,504,710 | |||
Machinery — 1.1% | |||
Parker-Hannifin Corp. | 16,100 | $ 6,271,272 | |
$ 6,271,272 | |||
Media — 1.5% | |||
Comcast Corp., Class A | 195,400 | $ 8,664,036 | |
$ 8,664,036 | |||
Multi-Utilities — 0.8% | |||
Sempra | 69,700 | $ 4,741,691 | |
$ 4,741,691 | |||
Oil, Gas & Consumable Fuels — 2.1% | |||
ConocoPhillips | 99,056 | $ 11,866,909 | |
$ 11,866,909 | |||
Pharmaceuticals — 4.1% | |||
Bristol-Myers Squibb Co. | 107,400 | $ 6,233,496 | |
Eli Lilly & Co. | 30,900 | 16,597,317 | |
$ 22,830,813 | |||
Professional Services — 4.5% | |||
Automatic Data Processing, Inc. | 41,696 | $ 10,031,224 | |
Booz Allen Hamilton Holding Corp. | 54,790 | 5,986,903 | |
TransUnion | 125,500 | 9,009,645 | |
$ 25,027,772 | |||
Real Estate Management & Development — 1.4% | |||
FirstService Corp. | 54,800 | $ 7,975,592 | |
$ 7,975,592 | |||
Semiconductors & Semiconductor Equipment — 6.0% | |||
Analog Devices, Inc. | 56,486 | $ 9,890,134 | |
Lam Research Corp. | 11,300 | 7,082,501 | |
NVIDIA Corp. | 38,400 | 16,703,616 | |
$ 33,676,251 | |||
Software — 13.5% | |||
ANSYS, Inc.(1) | 29,600 | $ 8,807,480 | |
Fair Isaac Corp.(1) | 10,000 | 8,685,300 |
Security | Shares | Value | |
Software (continued) | |||
Fortinet, Inc.(1) | 77,800 | $ 4,565,304 | |
Microsoft Corp. | 144,998 | 45,783,118 | |
VMware, Inc., Class A(1) | 45,500 | 7,574,840 | |
$ 75,416,042 | |||
Specialty Retail — 1.4% | |||
TJX Cos., Inc. (The) | 90,634 | $ 8,055,550 | |
$ 8,055,550 | |||
Technology Hardware, Storage & Peripherals — 7.9% | |||
Apple, Inc. | 258,084 | $ 44,186,562 | |
$ 44,186,562 | |||
Textiles, Apparel & Luxury Goods — 2.0% | |||
Lululemon Athletica, Inc.(1) | 14,700 | $ 5,668,467 | |
NIKE, Inc., Class B | 56,900 | 5,440,778 | |
$ 11,109,245 | |||
Wireless Telecommunication Services — 1.2% | |||
T-Mobile US, Inc.(1) | 48,608 | $ 6,807,550 | |
$ 6,807,550 | |||
Total Common Stocks (identified cost $368,731,278) | $545,965,234 |
Short-Term Investments — 2.5% |
Security | Shares | Value | |
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.27%(2) | 13,821,641 | $ 13,821,641 | |
Total Short-Term Investments (identified cost $13,821,641) | $ 13,821,641 | ||
Total Investments — 100.1% (identified cost $382,552,919) | $559,786,875 | ||
Other Assets, Less Liabilities — (0.1)% | $ (704,663) | ||
Net Assets — 100.0% | $559,082,212 |
The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | |
(1) | Non-income producing security. |
(2) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of September 30, 2023. |
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Stock Portfolio
September 30, 2023
Portfolio of Investments (Unaudited) — continued
The Portfolio did not have any open derivative instruments at September 30, 2023.
Affiliated Investments
At September 30, 2023, the value of the Portfolio's investment in funds that may be deemed to be affiliated was $13,821,641, which represents 2.5% of the Portfolio's net assets. Transactions in such investments by the Portfolio for the fiscal year to date ended September 30, 2023 were as follows:
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Shares, end of period |
Short-Term Investments | ||||||||
Liquidity Fund, Institutional Class(1) | $4,125 | $67,206,909 | $(53,389,393) | $ — | $ — | $13,821,641 | $74,047 | 13,821,641 |
(1) | Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio. |
Fair Value Measurements
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
• | Level 1 – quoted prices in active markets for identical investments |
• | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments) |
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At September 30, 2023, the hierarchy of inputs used in valuing the Portfolio's investments, which are carried at value, were as follows:
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $545,965,234* | $ — | $ — | $545,965,234 |
Short-Term Investments | 13,821,641 | — | — | 13,821,641 |
Total Investments | $559,786,875 | $ — | $ — | $559,786,875 |
* | The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments. |
For information on the Portfolio's policy regarding the valuation of investments and other significant accounting policies, please refer to the Portfolio's most recent financial statements included in its semiannual or annual report to shareholders.
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