Eaton Vance
Dividend Builder Fund
March 31, 2024
Portfolio of Investments (Unaudited)
Common Stocks — 99.2% |
Security | Shares | Value | |
Aerospace & Defense — 2.2% | |||
L3Harris Technologies, Inc. | 93,500 | $ 19,924,850 | |
$ 19,924,850 | |||
Banks — 5.9% | |||
JPMorgan Chase & Co. | 157,500 | $ 31,547,250 | |
Truist Financial Corp. | 558,400 | 21,766,432 | |
$ 53,313,682 | |||
Biotechnology — 6.2% | |||
AbbVie, Inc. | 154,700 | $ 28,170,870 | |
Amgen, Inc. | 40,500 | 11,514,960 | |
Gilead Sciences, Inc. | 224,100 | 16,415,325 | |
$ 56,101,155 | |||
Capital Markets — 6.4% | |||
BlackRock, Inc. | 18,400 | $ 15,340,080 | |
Blue Owl Capital, Inc. | 366,300 | 6,908,418 | |
CME Group, Inc. | 59,300 | 12,766,697 | |
Intercontinental Exchange, Inc. | 76,400 | 10,499,652 | |
S&P Global, Inc. | 27,500 | 11,699,875 | |
$ 57,214,722 | |||
Chemicals — 2.0% | |||
FMC Corp. | 276,900 | $ 17,638,530 | |
$ 17,638,530 | |||
Commercial Services & Supplies — 2.8% | |||
Rentokil Initial PLC | 1,422,500 | $ 8,457,489 | |
Waste Management, Inc. | 79,400 | 16,924,110 | |
$ 25,381,599 | |||
Communications Equipment — 1.0% | |||
Cisco Systems, Inc. | 187,700 | $ 9,368,107 | |
$ 9,368,107 | |||
Consumer Staples Distribution & Retail — 2.1% | |||
Walmart, Inc. | 318,000 | $ 19,134,060 | |
$ 19,134,060 | |||
Containers & Packaging — 1.8% | |||
International Paper Co. | 173,400 | $ 6,766,068 |
Security | Shares | Value | |
Containers & Packaging (continued) | |||
Packaging Corp. of America | 50,100 | $ 9,507,978 | |
$ 16,274,046 | |||
Diversified Telecommunication Services — 1.1% | |||
TELUS Corp. | 614,300 | $ 9,827,530 | |
$ 9,827,530 | |||
Electric Utilities — 2.2% | |||
Xcel Energy, Inc. | 371,800 | $ 19,984,250 | |
$ 19,984,250 | |||
Electronic Equipment, Instruments & Components — 1.5% | |||
CDW Corp. | 52,600 | $ 13,454,028 | |
$ 13,454,028 | |||
Financial Services — 1.6% | |||
Fidelity National Information Services, Inc. | 192,900 | $ 14,309,322 | |
$ 14,309,322 | |||
Health Care Equipment & Supplies — 2.2% | |||
Medtronic PLC | 226,400 | $ 19,730,760 | |
$ 19,730,760 | |||
Hotels, Restaurants & Leisure — 2.2% | |||
Domino's Pizza, Inc. | 22,500 | $ 11,179,800 | |
Vail Resorts, Inc. | 39,400 | 8,779,502 | |
$ 19,959,302 | |||
Household Products — 2.0% | |||
Procter & Gamble Co. | 113,100 | $ 18,350,475 | |
$ 18,350,475 | |||
Insurance — 6.9% | |||
Allstate Corp. | 113,700 | $ 19,671,237 | |
American Financial Group, Inc. | 165,300 | 22,560,144 | |
Fidelity National Financial, Inc. | 377,200 | 20,029,320 | |
$ 62,260,701 | |||
Interactive Media & Services — 0.8% | |||
Alphabet, Inc., Class A(1) | 44,400 | $ 6,701,292 | |
$ 6,701,292 | |||
IT Services — 3.2% | |||
Accenture PLC, Class A | 32,100 | $ 11,126,181 |
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Eaton Vance
Dividend Builder Fund
March 31, 2024
Portfolio of Investments (Unaudited) — continued
Security | Shares | Value | |
IT Services (continued) | |||
Amdocs Ltd. | 198,100 | $ 17,902,297 | |
$ 29,028,478 | |||
Life Sciences Tools & Services — 0.9% | |||
Danaher Corp. | 32,500 | $ 8,115,900 | |
$ 8,115,900 | |||
Machinery — 2.9% | |||
Illinois Tool Works, Inc. | 38,400 | $ 10,303,872 | |
Parker-Hannifin Corp. | 27,500 | 15,284,225 | |
$ 25,588,097 | |||
Media — 2.1% | |||
Comcast Corp., Class A | 436,000 | $ 18,900,600 | |
$ 18,900,600 | |||
Multi-Utilities — 1.6% | |||
Sempra | 201,700 | $ 14,488,111 | |
$ 14,488,111 | |||
Oil, Gas & Consumable Fuels — 5.8% | |||
Chevron Corp. | 197,100 | $ 31,090,554 | |
EOG Resources, Inc. | 165,200 | 21,119,168 | |
$ 52,209,722 | |||
Pharmaceuticals — 7.1% | |||
Bristol-Myers Squibb Co. | 372,700 | $ 20,211,521 | |
Eli Lilly & Co. | 16,800 | 13,069,728 | |
Johnson & Johnson | 118,800 | 18,792,972 | |
Royalty Pharma PLC, Class A | 369,600 | 11,224,752 | |
$ 63,298,973 | |||
Professional Services — 4.5% | |||
Automatic Data Processing, Inc. | 81,000 | $ 20,228,940 | |
Booz Allen Hamilton Holding Corp. | 72,000 | 10,687,680 | |
Broadridge Financial Solutions, Inc. | 45,300 | 9,280,158 | |
$ 40,196,778 | |||
Semiconductors & Semiconductor Equipment — 9.8% | |||
Analog Devices, Inc. | 81,100 | $ 16,040,769 | |
Broadcom, Inc. | 20,400 | 27,038,364 | |
Lam Research Corp. | 21,800 | 21,180,226 | |
QUALCOMM, Inc. | 83,900 | 14,204,270 | |
Texas Instruments, Inc. | 54,700 | 9,529,287 | |
$ 87,992,916 |
Security | Shares | Value | |
Software — 4.5% | |||
Microsoft Corp. | 96,267 | $ 40,501,452 | |
$ 40,501,452 | |||
Specialized REITs — 2.0% | |||
Lamar Advertising Co., Class A | 147,900 | $ 17,660,739 | |
$ 17,660,739 | |||
Specialty Retail — 1.9% | |||
Home Depot, Inc. | 43,800 | $ 16,801,680 | |
$ 16,801,680 | |||
Textiles, Apparel & Luxury Goods — 0.9% | |||
NIKE, Inc., Class B | 81,100 | $ 7,621,778 | |
$ 7,621,778 | |||
Wireless Telecommunication Services — 1.1% | |||
T-Mobile U.S., Inc. | 60,500 | $ 9,874,810 | |
$ 9,874,810 | |||
Total Common Stocks (identified cost $682,232,732) | $891,208,445 |
Short-Term Investments — 0.3% |
Security | Shares | Value | |
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.22%(2) | 3,247,127 | $ 3,247,127 | |
Total Short-Term Investments (identified cost $3,247,127) | $ 3,247,127 | ||
Total Investments — 99.5% (identified cost $685,479,859) | $894,455,572 | ||
Other Assets, Less Liabilities — 0.5% | $ 4,073,459 | ||
Net Assets — 100.0% | $898,529,031 |
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 March 31, 2024. |
Abbreviations: | |
REITs | – Real Estate Investment Trusts |
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Eaton Vance
Dividend Builder Fund
March 31, 2024
Portfolio of Investments (Unaudited) — continued
The Fund did not have any open derivative instruments at March 31, 2024.
Affiliated Investments
At March 31, 2024, the value of the Fund's investment in funds that may be deemed to be affiliated was $3,247,127, which represents 0.3% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended March 31, 2024 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) | $9,065,154 | $37,491,473 | $(43,309,500) | $ — | $ — | $3,247,127 | $88,509 | 3,247,127 |
(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 March 31, 2024, the hierarchy of inputs used in valuing the Fund's investments, which are carried at fair value, were as follows:
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks: | ||||
Communication Services | $ 45,304,232 | $ — | $ — | $ 45,304,232 |
Consumer Discretionary | 44,382,760 | — | — | 44,382,760 |
Consumer Staples | 37,484,535 | — | — | 37,484,535 |
Energy | 52,209,722 | — | — | 52,209,722 |
Financials | 187,098,427 | — | — | 187,098,427 |
Health Care | 147,246,788 | — | — | 147,246,788 |
Industrials | 102,633,835 | 8,457,489 | — | 111,091,324 |
Information Technology | 180,344,981 | — | — | 180,344,981 |
Materials | 33,912,576 | — | — | 33,912,576 |
Real Estate | 17,660,739 | — | — | 17,660,739 |
Utilities | 34,472,361 | — | — | 34,472,361 |
Total Common Stocks | $882,750,956 | $8,457,489* | $ — | $891,208,445 |
Short-Term Investments | $ 3,247,127 | $ — | $ — | $ 3,247,127 |
Total Investments | $885,998,083 | $8,457,489 | $ — | $894,455,572 |
* | Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets. |
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Eaton Vance
Dividend Builder Fund
March 31, 2024
Portfolio of Investments (Unaudited) — continued
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.
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