UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form N-CSR

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number: 811-21323

 

 

Eaton Vance Limited Duration Income Fund

(Exact Name of Registrant as Specified in Charter)

 

 

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

 

 

Deidre E. Walsh

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

 

 

(617) 482-8260

(Registrant’s Telephone Number)

 

 

March 31

Date of Fiscal Year End

September 30, 2023

Date of Reporting Period

 

 

 

Item 1. Reports to Stockholders

 

Eaton Vance
Limited Duration Income
Fund (EVV)
Semiannual Report
September 30, 2023

Commodity Futures Trading Commission Registration. The Commodity Futures Trading Commission (“CFTC”) has adopted regulations 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 investment adviser has claimed an exclusion from the definition of “commodity pool operator” under the Commodity Exchange Act with respect to its management of the Fund. 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. The adviser is also registered as 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.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Performance
Portfolio Manager(s) Catherine C. McDermott, Andrew Szczurowski, CFA, Eric A. Stein, CFA and Kelley Gerrity
% Average Annual Total Returns1,2 Inception Date Six Months One Year Five Years Ten Years
Fund at NAV 05/30/2003 2.25% 11.17% 2.32% 4.14%
Fund at Market Price — (3.49) 9.65 2.81 3.33
Bloomberg U.S. Aggregate Bond Index — (4.05)% 0.64% 0.10% 1.13%
Blended Index — 1.57 7.97 2.15 2.97
% Premium/Discount to NAV3  
As of period end (11.46)%
Distributions 4  
Total Distributions per share for the period $0.470
Distribution Rate at NAV 9.20%
Distribution Rate at Market Price 10.39
% Total Leverage5  
Auction Preferred Shares (APS) 12.44%
Borrowings 19.18
See Endnotes and Additional Disclosures in this report.
Past performance is no guarantee of future results. Returns are historical and are calculated net of management fees and other expenses by determining the percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested in accordance with the Fund’s Dividend Reinvestment Plan. Furthermore, returns do not reflect the deduction of taxes that shareholders may have to pay on Fund distributions or upon the sale of Fund shares. Performance at market price will differ from performance at NAV due to variations in the Fund’s market price versus NAV, which may reflect factors such as fluctuations in supply and demand for Fund shares, changes in Fund distributions, shifting market expectations for the Fund’s future returns and distribution rates, and other considerations affecting the trading prices of closed-end funds. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance for periods less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as of the most recent month-end, please refer to eatonvance.com.
2

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Fund Profile
Asset Allocation (% of total investments)1
Footnotes:
1 Including the Fund’s use of leverage, Asset Allocation as a percentage of the Fund's net assets amounted to 164.3%.
3

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Endnotes and Additional Disclosures
1 Bloomberg U.S. Aggregate Bond Index is an unmanaged index of domestic investment-grade bonds, including corporate, government and mortgage-backed securities. The Blended Index consists of 33.33% Morningstar® LSTA® US Leveraged Loan IndexSM, 33.33% ICE BofA Single-B U.S. High Yield Index and 33.34% ICE BofA U.S. Mortgage-Backed Securities Index, rebalanced monthly. Morningstar® LSTA® US Leveraged Loan IndexSM is an unmanaged index of the institutional leveraged loan market. Morningstar® LSTA® Leveraged Loan indices are a product of Morningstar, Inc. (“Morningstar”) and have been licensed for use. Morningstar® is a registered trademark of Morningstar licensed for certain use. Loan Syndications and Trading Association® and LSTA® are trademarks of the LSTA licensed for certain use by Morningstar, and further sublicensed by Morningstar for certain use. Neither Morningstar nor LSTA guarantees the accuracy and/or completeness of the Morningstar® LSTA® US Leveraged Loan IndexSM or any data included therein, and shall have no liability for any errors, omissions, or interruptions therein. Prior to August 29, 2022, the index name was S&P/LSTA Leveraged Loan Index. ICE BofA Single-B U.S. High Yield Index is an unmanaged index of below-investment grade U.S. corporate bonds with a credit quality rating of B. ICE BofA U.S. Mortgage-Backed Securities Index is an unmanaged index of fixed rate residential mortgage pass-through securities issued by U.S. agencies. ICE® BofA® indices are not for redistribution or other uses; provided “as is”, without warranties, and with no liability. Eaton Vance has prepared this report and ICE Data Indices, LLC does not endorse it, or guarantee, review, or endorse Eaton Vance’s products. BofA® is a licensed registered trademark of Bank of America Corporation in the United States and other countries. 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.
2 Performance results reflect the effects of leverage. Included in the average annual total return at NAV for the five- and ten-year periods is the impact of the 2018 tender and repurchase of a portion of the Fund’s Auction Preferred Shares (APS) at 92% of the Fund’s APS per share liquidation preference. Had this transaction not occurred, the total return at NAV would be lower for the Fund. Performance reflects expenses waived and/or reimbursed, if applicable. Without such waivers and/or reimbursements, performance would have been lower. Pursuant to the Fund’s Dividend Reinvestment Plan, if the NAV per share on the distribution payment date is equal to or less than the market price per share plus estimated brokerage commissions, then new shares are issued. The number of shares shall be determined by the greater of the NAV per share or 95% of the market price. Otherwise, shares generally are purchased on the open market by the Plan’s agent.
3 The shares of the Fund often trade at a discount or premium to their net asset value. The discount or premium may vary over time and may be higher or lower than what is quoted in this report. For up-to-date premium/discount information, please refer to https://funds.eatonvance.com/closed-end-fund-prices.php.
4 The Distribution Rate is based on the Fund’s last regular distribution per share in the period (annualized) divided by the Fund’s NAV or market price at the end of the period. The Fund’s distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with “yield” or “income.” Distributions in excess of Fund returns may include a return of capital which, over time, will cause the Fund’s net assets and net asset value per share to erode. When the Fund’s distributions include amounts from sources other than net investment income, shareholders are notified. The final determination of the tax characteristics of Fund distributions will occur after the end of the year, at which time that determination will be reported to shareholders.
5 Leverage represents the liquidation value of the Fund’s APS and borrowings outstanding as a percentage of Fund net assets applicable to common shares plus APS and borrowings outstanding. Use of leverage creates an opportunity for income, but creates risks including greater price volatility. The cost of leverage rises and falls with changes in short-term interest rates. The Fund may be required to maintain prescribed asset coverage for its leverage and may be required to reduce its leverage at an inopportune time.
  Fund profile subject to change due to active management.
  Important Notice to Shareholders
  Effective October 18, 2023, the Fund’s portfolio management team includes Catherine C. McDermott, Kelley Gerrity, Tara O’Brien and Andrew Szczurowski.
  On January 26, 2023, the Fund’s Board of Trustees voted to exempt, on a going forward basis, all prior and, until further notice, new acquisitions of Fund shares that otherwise might be deemed “Control Share Acquisitions” under the Fund’s By-Laws from the Control Share Provisions of the Fund’s By-Laws.
 
4

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited)
Asset-Backed Securities — 9.4%
Security Principal
Amount
(000's omitted) 		Value
Alinea CLO, Ltd., Series 2018-1A, Class E, 11.588%, (3 mo. SOFR + 6.26%), 7/20/31(1)(2) $      1,000 $      920,195
AMMC CLO 15, Ltd., Series 2014-15A, Class ERR, 12.48%, (3 mo. SOFR + 7.17%), 1/15/32(1)(2)          500       439,478
AMMC CLO XII, Ltd., Series 2013-12A, Class ER, 11.807%, (3 mo. SOFR + 6.44%), 11/10/30(1)(2)        2,000     1,675,814
Ares XXXIV CLO, Ltd., Series 2015-2A, Class ER, 12.42%, (3 mo. SOFR + 7.11%), 4/17/33(1)(2)        2,000     1,823,496
Ares XXXVR CLO, Ltd., Series 2015-35RA, Class E, 11.27%, (3 mo. SOFR + 5.96%), 7/15/30(1)(2)        2,000     1,745,634
Benefit Street Partners CLO XVI, Ltd., Series 2018-16A, Class E, 12.27%, (3 mo. SOFR + 6.96%), 1/17/32(1)(2)        3,000     2,932,233
Benefit Street Partners CLO XVII, Ltd., Series 2019-17A, Class ER, 11.92%, (3 mo. SOFR + 6.61%), 7/15/32(1)(2)        3,000     2,812,476
Benefit Street Partners CLO XVIII, Ltd., Series 2019-18A, Class ER, 12.32%, (3 mo. SOFR + 7.01%), 10/15/34(1)(2)        4,500     4,443,318
Benefit Street Partners CLO XXII, Ltd., Series 2020-22A, Class ER, 12.256%, (3 mo. SOFR + 6.93%), 4/20/35(1)(2)        2,000     1,856,466
BlueMountain CLO XXIV, Ltd., Series 2019-24A, Class ER, 12.428%, (3 mo. SOFR + 7.10%), 4/20/34(1)(2)        1,000       918,616
BlueMountain CLO XXV, Ltd., Series 2019-25A, Class ER, 12.82%, (3 mo. SOFR + 7.51%), 7/15/36(1)(2)        2,000     1,812,930
BlueMountain CLO XXVI, Ltd., Series 2019-26A, Class ER, 12.718%, (3 mo. SOFR + 7.39%), 10/20/34(1)(2)        2,500     2,387,172
BlueMountain CLO XXX, Ltd., Series 2020-30A, Class ER, 12.008%, (3 mo. SOFR + 6.70%), 4/15/35(1)(2)        2,000     1,826,774
BlueMountain CLO XXXIV, Ltd., Series 2022-34A, Class E, 12.876%, (3 mo. SOFR + 7.55%), 4/20/35(1)(2)        1,000       966,839
BlueMountain CLO, Ltd.:       
Series 2016-3A, Class ER, 11.576%, (3 mo. SOFR + 6.21%), 11/15/30(1)(2)        2,000     1,678,650
Series 2018-1A, Class E, 11.581%, (3 mo. SOFR + 6.21%), 7/30/30(1)(2)        1,000       814,648
Bryant Park Funding, Ltd., Series 2023- 21A, Class D, 10/18/36(1)(2)(3)        3,000     3,011,760
Canyon Capital CLO, Ltd.:       
Series 2016-2A, Class ER, 11.57%, (3 mo. SOFR + 6.26%), 10/15/31(1)(2)        3,350     2,996,093
Series 2019-2A, Class ER, 12.32%, (3 mo. SOFR + 7.01%), 10/15/34(1)(2)        1,000        931,639
Security Principal
Amount
(000's omitted) 		Value
Carlyle CLO C17, Ltd., Series C17A, Class DR, 11.631%, (3 mo. SOFR + 6.26%), 4/30/31(1)(2) $      1,750 $    1,523,646
Carlyle Global Market Strategies CLO, Ltd.:       
Series 2012-3A, Class DR2, 12.073%, (3 mo. SOFR + 6.76%), 1/14/32(1)(2)        2,000     1,666,938
Series 2014-4RA, Class D, 11.22%, (3 mo. SOFR + 5.91%), 7/15/30(1)(2)        1,250     1,074,589
Series 2015-5A, Class DR, 12.288%, (3 mo. SOFR + 6.96%), 1/20/32(1)(2)        1,000       873,597
Cedar Funding X CLO, Ltd., Series 2019-10A, Class ER, 12.088%, (3 mo. SOFR + 6.76%), 10/20/32(1)(2)        1,500     1,347,312
Clover CLO, Ltd., Series 2019-1A, Class ER, 12.01%, (3 mo. SOFR + 6.70%), 4/18/35(1)(2)        2,877     2,801,246
Dryden Senior Loan Fund:       
Series 2015-41A, Class ER, 10.87%, (3 mo. SOFR + 5.56%), 4/15/31(1)(2)        2,000     1,687,374
Series 2016-42A, Class ER, 11.12%, (3 mo. SOFR + 5.81%), 7/15/30(1)(2)        1,000       863,217
Elmwood CLO 14, Ltd., Series 2022-1A, Class E, 11.676%, (3 mo. SOFR + 6.35%), 4/20/35(1)(2)        1,000       988,095
Elmwood CLO 17, Ltd., Series 2022-4A, Class E, 12.458%, (3 mo. SOFR + 7.15%), 7/17/35(1)(2)        2,000     1,988,686
Galaxy XIX CLO, Ltd., Series 2015-19A, Class D2R, 12.607%, (3 mo. SOFR + 7.26%), 7/24/30(1)(2)        1,600     1,393,083
Galaxy XV CLO, Ltd., Series 2013-15A, Class ER, 12.215%, (3 mo. SOFR + 6.91%), 10/15/30(1)(2)        3,275     3,061,218
Galaxy XXI CLO, Ltd., Series 2015-21A, Class ER, 10.838%, (3 mo. SOFR + 5.51%), 4/20/31(1)(2)        1,100       993,704
Galaxy XXV CLO, Ltd., Series 2018-25A, Class E, 11.563%, (3 mo. SOFR + 6.21%), 10/25/31(1)(2)        1,000       925,913
Golub Capital Partners CLO 37B, Ltd., Series 2018-37A, Class E, 11.338%, (3 mo. SOFR + 6.01%), 7/20/30(1)(2)        3,000     2,966,961
Golub Capital Partners CLO 50B-R, Ltd., Series 2020-50A, Class ER, 12.426%, (3 mo. SOFR + 7.10%), 4/20/35(1)(2)        2,000     1,868,880
Madison Park Funding XVII, Ltd., Series 2015-17A, Class ER, 12.095%, (3 mo. SOFR + 6.76%), 7/21/30(1)(2)        2,000     1,907,526
Madison Park Funding XXXVI, Ltd., Series 2019-36A, Class ER, 12.358%, (3 mo. SOFR + 7.05%), 4/15/35(1)(2)        3,000     2,973,426
Madison Park Funding XXXVII, Ltd., Series 2019-37A, Class ER, 11.72%, (3 mo. SOFR + 6.41%), 7/15/33(1)(2)        3,500     3,387,447
Neuberger Berman CLO XXII, Ltd., Series 2016-22A, Class ER, 11.63%, (3 mo. SOFR + 6.32%), 10/17/30(1)(2)        1,500     1,364,708
Neuberger Berman Loan Advisers CLO 30, Ltd., Series 2018-30A, Class ER, 11.788%, (3 mo. SOFR + 6.46%), 1/20/31(1)(2)        2,000      1,887,790
 
5
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount
(000's omitted) 		Value
Neuberger Berman Loan Advisers CLO 31, Ltd., Series 2019-31A, Class ER, 12.088%, (3 mo. SOFR + 6.76%), 4/20/31(1)(2) $      1,000 $       955,667
Neuberger Berman Loan Advisers CLO 48, Ltd., Series 2022-48A, Class E, 11.851%, (3 mo. SOFR + 6.50%), 4/25/36(1)(2)        2,000     1,941,898
NRZ Excess Spread-Collateralized Notes, Series 2021-GNT1, Class A, 3.474%, 11/25/26(1)        3,241     2,923,676
Octagon 68, Ltd.:       
Series 2023-1A, Class D, 10/20/36(1)(2)(3)        5,000     5,000,000
Series 2023-1A, Class E, 10/20/36(1)(2)(3)        2,000     1,970,000
Palmer Square CLO, Ltd.:       
Series 2013-2A, Class DRR, 11.42%, (3 mo. SOFR + 6.11%), 10/17/31(1)(2)        2,000     1,871,944
Series 2018-2A, Class D, 11.17%, (3 mo. SOFR + 5.86%), 7/16/31(1)(2)        1,000       968,651
Series 2019-1A, Class DR, 12.131%, (3 mo. SOFR + 6.76%), 11/14/34(1)(2)        2,000     1,954,884
Series 2021-3A, Class E, 11.72%, (3 mo. SOFR + 6.41%), 1/15/35(1)(2)        2,500     2,448,702
RAD CLO 5, Ltd., Series 2019-5A, Class E, 12.307%, (3 mo. SOFR + 6.96%), 7/24/32(1)(2)        4,550     4,429,875
Regatta IX Funding, Ltd., Series 2017-1A, Class E, 11.57%, (3 mo. SOFR + 6.26%), 4/17/30(1)(2)          450       422,736
Regatta XII Funding, Ltd., Series 2019-1A, Class ER, 11.92%, (3 mo. SOFR + 6.61%), 10/15/32(1)(2)        2,000     1,978,980
Regatta XIII Funding, Ltd., Series 2018-2A, Class D, 11.52%, (3 mo. SOFR + 6.21%), 7/15/31(1)(2)        2,000     1,740,790
Regatta XIV Funding, Ltd., Series 2018-3A, Class E, 11.563%, (3 mo. SOFR + 6.21%), 10/25/31(1)(2)        1,000       923,209
Regatta XVI Funding, Ltd., Series 2019-2A, Class E, 12.57%, (3 mo. SOFR + 7.26%), 1/15/33(1)(2)        1,800     1,808,926
Vibrant CLO IX, Ltd., Series 2018-9A, Class D, 11.838%, (3 mo. SOFR + 6.51%), 7/20/31(1)(2)        1,000       771,718
Vibrant CLO XI, Ltd., Series 2019-11A, Class D, 12.358%, (3 mo. SOFR + 7.03%), 7/20/32(1)(2)          575       498,664
Voya CLO, Ltd.:       
Series 2015-3A, Class DR, 11.788%, (3 mo. SOFR + 6.46%), 10/20/31(1)(2)        3,000     2,404,833
Series 2016-3A, Class DR, 11.652%, (3 mo. SOFR + 6.34%), 10/18/31(1)(2)        1,400     1,110,876
Wellfleet CLO, Ltd., Series 2020-1A, Class D, 12.81%, (3 mo. SOFR + 7.50%), 4/15/33(1)(2)        2,000     1,806,828
Total Asset-Backed Securities
(identified cost $118,647,387) 		    $  111,472,444
    
Closed-End Funds — 1.6%
Security Shares Value
BlackRock Corporate High Yield Fund, Inc.    2,188,579 $    18,887,437
Total Closed-End Funds
(identified cost $26,062,179) 		    $   18,887,437
    
Collateralized Mortgage Obligations — 12.0%
Security Principal
Amount
(000's omitted) 		Value
Cascade MH Asset Trust, Series 2022-MH1, Class A, 4.25% to 7/25/27, 8/25/54(1)(4) $      2,835 $    2,492,939
Federal Home Loan Mortgage Corp.:       
Series 24, Class J, 6.25%, 11/25/23            0 (5)           333
Series 1620, Class Z, 6.00%, 11/15/23            1           517
Series 1702, Class PZ, 6.50%, 3/15/24           51        50,746
Series 2113, Class QG, 6.00%, 1/15/29          136       134,616
Series 2122, Class K, 6.00%, 2/15/29           27        26,400
Series 2130, Class K, 6.00%, 3/15/29           18        18,102
Series 2167, Class BZ, 7.00%, 6/15/29           21        21,394
Series 2182, Class ZB, 8.00%, 9/15/29          202       205,356
Series 2198, Class ZA, 8.50%, 11/15/29          190       192,406
Series 2458, Class ZB, 7.00%, 6/15/32          327       332,794
Series 3762, Class SH, 0.00%, (9.77% - 30-day average SOFR x 2.00, Floor 0.00%), 11/15/40(6)          379       274,012
Series 4273, Class PU, 4.00%, 11/15/43        2,263     1,956,784
Series 4273, Class SP, 0.00%, (11.69% - 30-day average SOFR x 2.67, Floor 0.00%), 11/15/43(6)          503       370,818
Series 4678, Class PC, 3.00%, 1/15/46        2,336     2,116,136
Series 5028, Class TZ, 2.00%, 10/25/50        2,644     1,267,524
Series 5035, Class AZ, 2.00%, 11/25/50        8,105     3,484,348
Series 5083, Class SK, 0.00%, (3.87% - 30-day average SOFR x 1.33, Floor 0.00%), 3/25/51(6)        2,047     1,091,377
Series 5327, Class B, 6.00%, 8/25/53        5,000     4,903,176
Interest Only:(7)       
Series 284, Class S6, 0.672%, (5.99% - 30-day average SOFR), 10/15/42(6)        1,044        86,916
Series 362, Class C7, 3.50%, 9/15/47        4,322       788,544
Series 362, Class C11, 4.00%, 12/15/47        4,018       833,353
Series 4067, Class JI, 3.50%, 6/15/27          541        21,561
Series 4070, Class S, 0.672%, (5.99% - 30-day average SOFR), 6/15/32(6)        2,318       117,435
Series 4088, Class EI, 3.50%, 9/15/41           20            29
Series 4094, Class CS, 0.572%, (5.89% - 30-day average SOFR), 8/15/42(6)          612        49,035
Series 4095, Class HS, 0.672%, (5.99% - 30-day average SOFR), 7/15/32(6)          474        14,653
Series 4109, Class ES, 0.722%, (6.04% - 30-day average SOFR), 12/15/41(6)           81          6,749
 
6
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount
(000's omitted) 		Value
Interest Only: (continued)      
Series 4110, Class SA, 0.222%, (5.54% - 30-day average SOFR), 9/15/42(6) $      1,965 $      105,772
Series 4149, Class S, 0.822%, (6.14% - 30-day average SOFR), 1/15/33(6)        1,239        67,441
Series 4188, Class AI, 3.50%, 4/15/28          431        15,211
Series 4203, Class QS, 0.822%, (6.14% - 30-day average SOFR), 5/15/43(6)        2,265       116,046
Series 4408, Class IP, 3.50%, 4/15/44        1,421       190,027
Series 4435, Class BI, 3.50%, 7/15/44        2,965       460,107
Series 4629, Class QI, 3.50%, 11/15/46        1,187       240,485
Series 4644, Class TI, 3.50%, 1/15/45        1,290       191,919
Series 4744, Class IO, 4.00%, 11/15/47        2,073       408,655
Series 4749, Class IL, 4.00%, 12/15/47          923       182,568
Series 4793, Class SD, 0.772%, (6.09% - 30-day average SOFR), 6/15/48(6)        4,402       396,570
Series 4966, Class SY, 0.621%, (5.94% - 30-day average SOFR), 4/25/50(6)       11,455     1,123,274
Principal Only:(8)       
Series 242, Class PO, 0.00%, 11/15/36        1,784     1,381,230
Series 259, Class PO, 0.00%, 4/15/39        1,126       857,748
Series 3606, Class PO, 0.00%, 12/15/39        1,197       890,785
Series 4417, Class KO, 0.00%, 12/15/43          184       113,287
Series 4478, Class PO, 0.00%, 5/15/45          564       394,273
Federal National Mortgage Association:       
Series G93-35, Class ZQ, 6.50%, 11/25/23            5         5,073
Series G93-40, Class H, 6.40%, 12/25/23            3         2,554
Series 1994-45, Class Z, 6.50%, 2/25/24            1           785
Series 1994-89, Class ZQ, 8.00%, 7/25/24           34        33,974
Series 1996-57, Class Z, 7.00%, 12/25/26           82        81,401
Series 1997-77, Class Z, 7.00%, 11/18/27           52        52,523
Series 1998-44, Class ZA, 6.50%, 7/20/28           66        66,062
Series 1999-45, Class ZG, 6.50%, 9/25/29           19        18,718
Series 2000-22, Class PN, 6.00%, 7/25/30          259       256,540
Series 2002-21, Class PE, 6.50%, 4/25/32          183       186,839
Series 2005-75, Class CS, 2.482%, (23.74% - 30-day average SOFR x 4.00), 9/25/35(6)          541       558,153
Series 2007-74, Class AC, 5.00%, 8/25/37        2,102     2,061,128
Series 2011-49, Class NT, 6.00%, (64.86% - 30-day average SOFR x 10.00, Cap 6.00%), 6/25/41(6)          212       196,154
Series 2012-134, Class ZT, 2.00%, 12/25/42        1,307     1,007,291
Series 2013-6, Class TA, 1.50%, 1/25/43        1,195     1,007,327
Series 2013-67, Class NF, 5.00%, (30-day average SOFR + 1.11%), 7/25/43(2)          947       854,135
Series 2017-15, Class LE, 3.00%, 6/25/46          456       438,620
Series 2017-48, Class LG, 2.75%, 5/25/47        1,346     1,128,548
Interest Only:(7)       
Series 2011-101, Class IC, 3.50%, 10/25/26        1,242         36,174
Security Principal
Amount
(000's omitted) 		Value
Interest Only: (continued)      
Series 2011-101, Class IE, 3.50%, 10/25/26 $        400 $       11,414
Series 2012-33, Class CI, 3.50%, 3/25/27          634        13,117
Series 2012-118, Class IN, 3.50%, 11/25/42        2,883       571,606
Series 2012-124, Class IO, 1.484%, 11/25/42(9)        1,239        56,353
Series 2012-125, Class IG, 3.50%, 11/25/42        9,042     1,921,091
Series 2012-150, Class SK, 0.721%, (6.04% - 30-day average SOFR), 1/25/43(6)        1,695       139,915
Series 2013-12, Class SP, 0.221%, (5.54% - 30-day average SOFR), 11/25/41(6)          301         3,191
Series 2013-15, Class DS, 0.771%, (6.09% - 30-day average SOFR), 3/25/33(6)        3,752       166,590
Series 2013-16, Class SY, 0.721%, (6.04% - 30-day average SOFR), 3/25/43(6)          902       102,227
Series 2013-54, Class HS, 0.871%, (6.19% - 30-day average SOFR), 10/25/41(6)           12            18
Series 2013-64, Class PS, 0.821%, (6.14% - 30-day average SOFR), 4/25/43(6)        1,246        67,021
Series 2013-75, Class SC, 0.821%, (6.14% - 30-day average SOFR), 7/25/42(6)        1,586        27,562
Series 2014-32, Class EI, 4.00%, 6/25/44          339        59,381
Series 2014-55, Class IN, 3.50%, 7/25/44          726       148,369
Series 2014-89, Class IO, 3.50%, 1/25/45          963       207,261
Series 2015-52, Class MI, 3.50%, 7/25/45          838       168,785
Series 2018-21, Class IO, 3.00%, 4/25/48        3,872       684,973
Series 2019-1, Class AS, 0.571%, (5.89% - 30-day average SOFR), 2/25/49(6)        6,286       342,832
Series 2019-33, Class SK, 0.621%, (5.94% - 30-day average SOFR), 7/25/49(6)        4,083       303,714
Series 2020-23, Class SP, 0.621%, (5.94% - 30-day average SOFR), 2/25/50(6)        3,549       351,728
Principal Only:(8)       
Series 379, Class 1, 0.00%, 5/25/37        1,116       847,313
Series 2006-8, Class WQ, 0.00%, 3/25/36        1,869     1,480,084
Government National Mortgage Association:       
Series 2017-121, Class DF, 5.00%, (1 mo. SOFR + 0.61%), 8/20/47(2)        3,119     2,945,530
Series 2017-137, Class AF, 5.00%, (1 mo. SOFR + 0.61%), 9/20/47(2)        1,635     1,542,999
Series 2018-6, Class JZ, 4.00%, 1/20/48        5,204     4,557,477
Series 2021-160, Class NZ, 3.00%, 9/20/51        1,514       787,629
Series 2021-165, Class MZ, 2.50%, 9/20/51        9,209     4,941,949
Series 2022-189, Class US, 3.248%, (22.73% - 30-day average SOFR x 3.667), 11/20/52(6)        4,486     4,163,383
Series 2023-56, Class ZE, 6.00%, 4/20/53       10,253     9,491,032
Series 2023-63, Class S, 3.064%, (22.55% - 30-day average SOFR x 3.667), 5/20/53(6)        4,936     4,500,195
Series 2023-65, Class SD, 3.064%, (22.55% - 30-day average SOFR x 3.667), 5/20/53(6)        5,968     5,704,395
Series 2023-96, Class BL, 6.00%, 7/20/53        4,326     4,236,292
Series 2023-96, Class DB, 6.00%, 7/20/53        2,500      2,444,831
 
7
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount
(000's omitted) 		Value
Government National Mortgage Association: 
(continued) 		     
Series 2023-97, Class CB, 6.00%, 7/20/53 $     10,000 $     9,907,751
Series 2023-99, Class AL, 6.00%, 7/20/53        2,500     2,445,172
Series 2023-102, Class SG, 2.742%, (22.55% - 30-day average SOFR x 3.727), 7/20/53(6)        8,398     7,630,503
Series 2023-115, Class AL, 6.00%, 8/20/53        8,500     8,333,922
Series 2023-116, Class CY, 6.00%, 8/20/53        5,000     4,890,295
Series 2023-133, Class S, 5.66%, (21.60% - 30-day average SOFR x 3.00), 9/20/53(6)        4,300     4,153,351
Series 2023-149, Class S, (21.45% - 30-day average SOFR x 3.00), 10/20/53(3)(6)        5,000     4,986,570
Interest Only:(7)       
Series 2017-104, Class SD, 0.761%, (6.08% - 1 mo. SOFR), 7/20/47(6)        2,424       204,935
Series 2020-151, Class AI, 2.00%, 10/20/50       11,645     1,427,132
Series 2020-154, Class PI, 2.50%, 10/20/50       10,573     1,415,781
Series 2020-176, Class HI, 2.50%, 11/20/50       12,354     1,661,957
Series 2021-131, Class QI, 3.00%, 7/20/51       10,035     1,260,257
Series 2021-193, Class IU, 3.00%, 11/20/49       21,186     2,843,528
Series 2021-209, Class IW, 3.00%, 11/20/51       13,848     1,789,428
Total Collateralized Mortgage Obligations
(identified cost $193,000,760) 		    $  141,926,289
    
Commercial Mortgage-Backed Securities — 5.8%
Security Principal
Amount
(000's omitted) 		Value
BAMLL Commercial Mortgage Securities Trust:       
Series 2019-BPR, Class ENM, 3.843%, 11/5/32(1)(9) $        910 $      301,055
Series 2019-BPR, Class FNM, 3.843%, 11/5/32(1)(9)        3,505       775,904
BBCMS Mortgage Trust, Series 2017-C1, Class D, 3.709%, 2/15/50(1)(9)        2,200     1,458,403
BX Commercial Mortgage Trust, Series 2021-VOLT, Class C, 6.547%, (1 mo. SOFR + 1.214%), 9/15/36(1)(2)        2,000     1,925,011
CFCRE Commercial Mortgage Trust:       
Series 2016-C3, Class C, 4.911%, 1/10/48(9)        1,300     1,118,091
Series 2016-C3, Class D, 3.052%, 1/10/48(1)(9)        3,500     2,679,251
Series 2016-C7, Class D, 4.514%, 12/10/54(1)(9)        1,675     1,157,300
CGMS Commercial Mortgage Trust, Series 2015-P1, Class D, 3.225%, 9/15/48(1)        1,100       883,357
COMM Mortgage Trust:       
Series 2013-CR11, Class D, 4.828%, 8/10/50(1)(9)        7,400     6,635,487
Series 2014-CR21, Class C, 4.564%, 12/10/47(9)        2,000     1,848,232
Series 2015-CR22, Class D, 4.203%, 3/10/48(1)(9)        4,100      3,232,593
Security Principal
Amount
(000's omitted) 		Value
CSMC Trust:       
Series 2016-NXSR, Class C, 4.574%, 12/15/49(9) $      2,770 $     1,944,848
Series 2016-NXSR, Class D, 4.574%, 12/15/49(1)(9)        3,000     1,904,133
Series 2020-TMIC, Class A, 8.948%, (1 mo. SOFR + 3.614%), 12/15/35(1)(2)        2,100     2,098,510
Series 2021-WEHO, Class A, 9.417%, (1 mo. SOFR + 4.083%), 4/15/26(1)(2)           72        70,502
Federal National Mortgage Association Multifamily Connecticut Avenue Securities Trust, Series 2019-01, Class M10, 8.679%, (30-day average SOFR + 3.364%), 10/25/49(1)(2)        1,497     1,463,722
JPMBB Commercial Mortgage Securities Trust:       
Series 2014-C22, Class D, 4.70%, 9/15/47(1)(9)        5,276     3,567,039
Series 2014-C23, Class D, 4.129%, 9/15/47(1)(9)        3,488     2,899,475
Series 2014-C25, Class D, 4.081%, 11/15/47(1)(9)        4,400     1,863,864
Series 2015-C29, Class D, 3.827%, 5/15/48(9)        2,000     1,311,879
JPMorgan Chase Commercial Mortgage Securities Trust:       
Series 2013-C13, Class D, 4.116%, 1/15/46(1)(9)          608       559,721
Series 2013-C16, Class D, 5.10%, 12/15/46(1)(9)        3,500     3,017,870
Series 2014-DSTY, Class B, 3.771%, 6/10/27(1)        2,600       380,835
Series 2021-MHC, Class C, 6.747%, (1 mo. SOFR + 1.414%), 4/15/38(1)(2)        1,900     1,869,625
Morgan Stanley Bank of America Merrill Lynch Trust:       
Series 2014-C16, Class B, 4.438%, 6/15/47(9)(10)          363       328,827
Series 2015-C23, Class D, 4.276%, 7/15/50(1)(9)(10)        2,670     2,253,613
Series 2016-C29, Class D, 3.00%, 5/15/49(1)(10)        3,577     2,569,828
Series 2016-C32, Class D, 3.396%, 12/15/49(1)(9)(10)        1,600     1,057,262
Morgan Stanley Capital I Trust:       
Series 2016-UBS12, Class D, 3.312%, 12/15/49(1)(10)        4,489     2,372,598
Series 2019-BPR, Class C, 8.972%, (1 mo. SOFR + 3.642%), 5/15/36(1)(2)(10)        1,845     1,746,482
UBS-Barclays Commercial Mortgage Trust, Series 2013-C6, Class D, 4.103%, 4/10/46(1)(9)        4,398     3,645,737
VMC Finance, LLC, Series 2021-HT1, Class B, 9.945%, (1 mo. SOFR + 4.614%), 1/18/37(1)(2)        6,000     5,691,163
Wells Fargo Commercial Mortgage Trust:       
Series 2013-LC12, Class D, 4.087%, 7/15/46(1)(9)        3,000       598,417
Series 2015-C31, Class D, 3.852%, 11/15/48        2,475     1,873,748
Series 2016-C35, Class D, 3.142%, 7/15/48(1)        1,850     1,316,033
Series 2016-C36, Class D, 2.942%, 11/15/59(1)        1,500       869,149
Total Commercial Mortgage-Backed Securities
(identified cost $86,349,267) 		    $   69,289,564
    
 
8
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Common Stocks — 0.6%
Security Shares Value
Aerospace and Defense — 0.0%
IAP Worldwide Services, LLC(11)(12)(13)           30 $             0
      $            0
Chemicals — 0.0%
Flint Campfire Topco, Ltd.(12)(13)       43,048 $             0
      $            0
Commercial Services & Supplies — 0.1%
Monitronics International, Inc.(12)(13)       26,092 $       547,932
Phoenix Services International, LLC(12)(13)       17,026       170,260
Phoenix Services International, LLC(12)(13)        1,554        15,540
      $      733,732
Containers and Glass Products — 0.1%
LG Parent Holding Co.(12)(13)      166,175 $     1,262,930
      $    1,262,930
Electronics/Electrical — 0.0%(14)
Skillsoft Corp.(12)(13)      143,062 $       126,810
      $      126,810
Entertainment — 0.0%(14)
New Cineworld, Ltd.(12)(13)       12,854 $       304,212
      $      304,212
Health Care — 0.0%
Akorn Holding Company, LLC, Class A(11)(12)(13)       42,374 $             0
      $            0
Household Durables — 0.3%
Serta Simmons Bedding, Inc.(12)(13)      246,099 $     3,645,341
Serta SSB Equipment Co.(12)(13)      246,099             0
      $    3,645,341
Investment Companies — 0.0%(14)
Aegletes B.V.(13)       11,215 $        27,056
Jubilee Topco, Ltd., Class A(11)(12)(13)      807,124             0
      $       27,056
Security Shares Value
Media — 0.1%
National CineMedia, Inc.(12)(13)      147,914 $       664,134
      $      664,134
Nonferrous Metals/Minerals — 0.0%(14)
ACNR Holdings, Inc., Class A(12)(13)        3,818 $       342,348
      $      342,348
Oil and Gas — 0.0%(14)
AFG Holdings, Inc.(11)(12)(13)       29,751 $        61,287
McDermott International, Ltd.(12)(13)       93,940        23,955
      $       85,242
Pharmaceuticals — 0.0%(14)
Covis Midco 1 S.a.r.l., Class A(12)(13)          560 $           285
Covis Midco 1 S.a.r.l., Class B(12)(13)          560           285
Covis Midco 1 S.a.r.l., Class C(12)(13)          560           286
Covis Midco 1 S.a.r.l., Class D(12)(13)          560           286
Covis Midco 1 S.a.r.l., Class E(12)(13)          560           286
      $        1,428
Retailers (Except Food and Drug) — 0.0%(14)
David’s Bridal, LLC(11)(12)(13)       40,851 $             0
Phillips Feed Service, Inc.(11)(12)(13)          582        27,774
      $       27,774
Telecommunications — 0.0%
Global Eagle Entertainment(11)(12)(13)       37,259 $             0
      $            0
Utilities — 0.0%(14)
Longview Intermediate Holdings, LLC, Class A(12)(13)       10,730 $        86,591
      $       86,591
Total Common Stocks
(identified cost $9,739,632) 		    $    7,307,598
    
 
9
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Convertible Bonds — 0.2%
Security Principal
Amount
(000's omitted) 		Value
Energy — 0.1%
NextEra Energy Partners, L.P., 2.50%, 6/15/26(1) $      1,440 $     1,228,320
      $    1,228,320
Transportation — 0.1%
CryoPort, Inc., 0.75%, 12/1/26(1) $      2,335 $     1,856,325
      $    1,856,325
Total Convertible Bonds
(identified cost $3,191,481) 		    $    3,084,645
    
Corporate Bonds — 53.8%
Security Principal
Amount*
(000's omitted) 		Value
Aerospace and Defense — 1.4%
Boeing Co., 5.04%, 5/1/27          475 $       463,969
Bombardier, Inc.:       
7.125%, 6/15/26(1)          736       713,784
7.875%, 4/15/27(1)        1,795     1,753,009
Moog, Inc., 4.25%, 12/15/27(1)          955       863,344
Rolls-Royce PLC:       
5.75%, 10/15/27(1)        2,954     2,853,293
5.75%, 10/15/27(15) GBP        200       232,372
Spirit AeroSystems, Inc.:       
4.60%, 6/15/28          567       442,573
9.375%, 11/30/29(1)          220       224,155
TransDigm, Inc.:       
5.50%, 11/15/27        2,552     2,392,104
6.25%, 3/15/26(1)        2,408     2,368,161
6.75%, 8/15/28(1)        1,812     1,786,158
7.50%, 3/15/27        2,862     2,870,351
      $   16,963,273
Agriculture — 0.2%
Darling Ingredients, Inc., 6.00%, 6/15/30(1)        1,277 $     1,210,414
Imperial Brands Finance PLC:       
3.125%, 7/26/24(1)          300       292,419
6.125%, 7/27/27(1)          475       473,936
Philip Morris International, Inc., 5.125%, 11/17/27          750       734,816
      $    2,711,585
Security Principal
Amount*
(000's omitted) 		Value
Air Transport — 0.9%
Air France-KLM:       
7.25%, 5/31/26(15) EUR        100 $       108,499
8.125%, 5/31/28(15) EUR        100       110,453
American Airlines, Inc., 7.25%, 2/15/28(1)          478       457,492
American Airlines, Inc./AAdvantage Loyalty IP, Ltd.:       
5.50%, 4/20/26(1)        1,789     1,749,168
5.75%, 4/20/29(1)        1,952     1,817,068
Delta Air Lines, Inc./SkyMiles IP, Ltd., 4.75%, 10/20/28(1)        1,016       965,924
Deutsche Lufthansa AG:       
2.875%, 5/16/27(15) EUR        100        96,420
3.50%, 7/14/29(15) EUR        300       281,921
4.382% to 2/12/26, 8/12/75(15)(16) EUR        200       198,022
Gatwick Airport Finance PLC, 4.375%, 4/7/26(15) GBP        300       340,542
Heathrow Finance PLC, 4.75% to 12/1/23, 3/1/24(4)(15) GBP        225       271,777
Mileage Plus Holdings, LLC/Mileage Plus Intellectual Property Assets, Ltd., 6.50%, 6/20/27(1)        1,811     1,796,245
United Airlines, Inc.:       
4.375%, 4/15/26(1)          835       773,031
4.625%, 4/15/29(1)        1,276     1,098,094
      $   10,064,656
Airlines — 0.2%
Air Canada:       
3.875%, 8/15/26(1)        2,039 $     1,852,489
4.625%, 8/15/29(1) CAD        717       466,186
      $    2,318,675
Auto Components — 0.4%
Daimler Truck Finance North America, LLC, 2.00%, 12/14/26(1)          550 $       491,653
General Motors Financial Co., Inc.:       
1.50%, 6/10/26        1,125       994,558
5.80%, 6/23/28          475       464,305
Hyundai Capital America, 1.30%, 1/8/26(1)          350       315,294
Mercedes-Benz Finance North America, LLC, 3.30%, 5/19/25(1)          500       482,309
Nissan Motor Acceptance Co., LLC, 6.95%, 9/15/26(1)          450       453,479
Volkswagen Group of America Finance, LLC:       
0.875%, 11/22/23(1)          975       968,481
1.25%, 11/24/25(1)          525       476,799
      $    4,646,878
 
10
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Automotive — 1.7%
Asbury Automotive Group, Inc.:       
4.625%, 11/15/29(1)          512 $      440,425
4.75%, 3/1/30        1,134       971,285
5.00%, 2/15/32(1)          217       180,048
Clarios Global, L.P./Clarios U.S. Finance Co.:       
4.375%, 5/15/26(15) EUR        400       407,457
6.25%, 5/15/26(1)        1,504     1,473,317
6.75%, 5/15/25(1)          432       429,188
8.50%, 5/15/27(1)        3,484     3,480,538
Dana Financing Luxembourg S.a.r.l., 8.50%, 7/15/31(15) EUR        200       214,692
Dornoch Debt Merger Sub, Inc., 6.625%, 10/15/29(1)        1,263     1,045,653
Ford Motor Co.:       
3.25%, 2/12/32        2,825     2,179,893
4.75%, 1/15/43        1,274       931,264
7.45%, 7/16/31          457       474,602
9.625%, 4/22/30          201       229,841
Forvia SE:       
2.375%, 6/15/29(15) EUR        100        86,438
2.75%, 2/15/27(15) EUR        260       248,283
3.75%, 6/15/28(15) EUR        100        95,256
Goodyear Europe B.V., 2.75%, 8/15/28(15) EUR        100        87,755
IHO Verwaltungs GmbH:       
6.375%, (6.375% cash or 7.125% PIK), 5/15/29(1)(17)          200       180,610
8.75%, (8.75% cash or 9.50% PIK), 5/15/28(15)(17) EUR        100       109,309
Jaguar Land Rover Automotive PLC, 2.20%, 1/15/24(15) EUR        100       104,842
Lithia Motors, Inc.:       
3.875%, 6/1/29(1)          651       549,379
4.375%, 1/15/31(1)        1,171       969,936
4.625%, 12/15/27(1)          514       469,896
Real Hero Merger Sub 2, Inc., 6.25%, 2/1/29(1)        1,453     1,123,903
Renault S.A.:       
2.375%, 5/25/26(15) EUR        100        98,176
2.50%, 6/2/27(15) EUR        500       479,731
Sonic Automotive, Inc.:       
4.625%, 11/15/29(1)        1,297     1,076,904
4.875%, 11/15/31(1)        1,081       861,779
TI Automotive Finance PLC, 3.75%, 4/15/29(15) EUR        112        96,935
Volkswagen International Finance N.V., 3.875% to 6/17/29(15)(16)(18) EUR        200       174,975
Wheel Pros, Inc., 6.50%, 5/15/29(1)        1,069       359,451
ZF Europe Finance B.V., 6.125%, 3/13/29(15) EUR        200       211,741
ZF Finance GmbH:       
2.00%, 5/6/27(15) EUR        100         92,847
Security Principal
Amount*
(000's omitted) 		Value
Automotive (continued)
ZF Finance GmbH: (continued)      
5.75%, 8/3/26(15) EUR        100 $       105,732
      $   20,042,081
Banks — 1.3%
ABN AMRO Bank NV, 6.339% to 9/18/26, 9/18/27(1)(16)          400 $       399,171
AIB Group PLC, 6.608% to 9/13/28, 9/13/29(1)(16)          200       199,298
Australia & New Zealand Banking Group, Ltd., 4.829%, 2/3/25(1)          900       892,307
Bank of New York Mellon Corp. (The), 4.947% to 4/26/26, 4/26/27(16)          600       585,791
Banque Federative du Credit Mutuel S.A., 2.375%, 11/21/24(1)        1,025       983,441
Canadian Imperial Bank of Commerce:       
3.30%, 4/7/25          500       480,727
5.144%, 4/28/25          650       641,684
Citizens Bank N.A., 6.064% to 10/24/24, 10/24/25(16)          700       675,678
Danske Bank A/S, 6.259% to 9/22/25, 9/22/26(1)(16)          500       499,996
Deutsche Bank AG:       
0.962%, 11/8/23          975       969,209
7.146% to 7/13/26, 7/13/27(16)          150       151,072
Discover Bank, 2.45%, 9/12/24        1,000       961,417
Fifth Third Bancorp, 6.339% to 7/27/28, 7/27/29(16)          100        98,840
Intesa Sanpaolo SpA, 7.00%, 11/21/25(1)          925       936,641
KeyBank N.A., 4.15%, 8/8/25          500       471,063
National Bank of Canada, 0.55% to 11/15/23, 11/15/24(16)        1,000       992,619
National Securities Clearing Corp., 5.00%, 5/30/28(1)          675       660,784
Santander UK Group Holdings PLC, 6.833% to 11/21/25, 11/21/26(16)        1,900     1,911,400
Sumitomo Mitsui Trust Bank, Ltd., 5.55%, 9/14/28(1)          350       348,208
Toronto-Dominion Bank (The):       
5.523%, 7/17/28          750       740,694
8.125% to 10/31/27, 10/31/82(16)          450       448,809
U.S. Bancorp, 5.775% to 6/12/28, 6/12/29(16)        1,475     1,436,554
UBS Group AG, 6.442% to 8/11/27, 8/11/28(1)(16)          475       474,798
      $   15,960,201
Banks and Thrifts — 0.6%
American Express Co., 2.55%, 3/4/27          525 $       473,589
BPCE S.A., 5.15%, 7/21/24(1)          950       935,126
Capital One Financial Corp.:       
3.273% to 3/1/29, 3/1/30(16)          395       330,648
6.312% to 6/8/28, 6/8/29(16)          350        342,235
 
11
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Banks and Thrifts (continued)
HSBC Holdings PLC, 6.161% to 3/9/28, 3/9/29(16)        1,350 $     1,337,148
Swedbank AB, 3.356%, 4/4/25(1)          975       938,456
Synchrony Bank, 5.625%, 8/23/27        1,300     1,214,177
Texas Capital Bancshares, Inc., 4.00% to 5/6/26, 5/6/31(16)        1,500     1,245,702
United Overseas Bank, Ltd., 3.863% to 10/7/27, 10/7/32(1)(16)          686       630,729
      $    7,447,810
Beverage and Tobacco — 0.1%
BAT Capital Corp., 3.557%, 8/15/27          277 $       253,564
JDE Peet's NV, 0.80%, 9/24/24(1)          800       759,533
      $    1,013,097
Biotechnology — 0.0%(14)
Royalty Pharma PLC, 1.20%, 9/2/25          525 $       477,383
      $      477,383
Building and Development — 1.6%
Ashton Woods USA, LLC/Ashton Woods Finance Co.:       
4.625%, 8/1/29(1)          392 $       331,230
4.625%, 4/1/30(1)          390       319,679
Builders FirstSource, Inc.:       
4.25%, 2/1/32(1)        2,118     1,739,377
5.00%, 3/1/30(1)        1,085       968,658
Castle UK Finco PLC, 9.031%, (3 mo. EURIBOR + 5.25%), 5/15/28(2)(15) EUR        200       183,475
Emerald Debt Merger Sub, LLC:       
6.375%, 12/15/30(15) EUR        200       211,135
6.625%, 12/15/30(1)          379       365,327
James Hardie International Finance DAC, 3.625%, 10/1/26(15) EUR        400       407,553
KB Home:       
4.00%, 6/15/31           86        69,419
4.80%, 11/15/29          556       489,880
Masonite International Corp., 5.375%, 2/1/28(1)          570       530,847
MIWD Holdco II, LLC/MIWD Finance Corp., 5.50%, 2/1/30(1)          760       628,706
Mohawk Industries, Inc., 5.85%, 9/18/28          275       273,105
Patrick Industries, Inc.:       
4.75%, 5/1/29(1)        1,187       992,457
7.50%, 10/15/27(1)          225       215,677
PGT Innovations, Inc., 4.375%, 10/1/29(1)        1,456     1,344,140
Smyrna Ready Mix Concrete, LLC, 6.00%, 11/1/28(1)        3,078      2,845,152
Security Principal
Amount*
(000's omitted) 		Value
Building and Development (continued)
SRS Distribution, Inc.:       
6.00%, 12/1/29(1)          692 $       582,052
6.125%, 7/1/29(1)        1,195     1,018,892
Standard Industries, Inc.:       
2.25%, 11/21/26(15) EUR        450       421,377
3.375%, 1/15/31(1)        1,634     1,265,102
4.375%, 7/15/30(1)        1,779     1,475,225
5.00%, 2/15/27(1)          457       424,064
Taylor Morrison Communities, Inc., 5.875%, 6/15/27(1)          808       769,031
Victoria PLC, 3.625%, 8/24/26(15) EUR        275       230,056
White Cap Buyer, LLC, 6.875%, 10/15/28(1)          719       636,341
White Cap Parent, LLC, 8.25%, (8.25% cash or 9.00% PIK), 3/15/26(1)(17)          691       667,563
      $   19,405,520
Business Equipment and Services — 0.8%
Adtalem Global Education, Inc., 5.50%, 3/1/28(1)        1,900 $     1,742,404
Allied Universal Holdco, LLC/Allied Universal Finance Corp.:       
6.625%, 7/15/26(1)        2,443     2,318,187
9.75%, 7/15/27(1)        1,148     1,028,469
Allied Universal Holdco, LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l.:       
3.625%, 6/1/28(15) EUR        300       262,459
4.625%, 6/1/28(1)          776       645,315
4.625%, 6/1/28(1)          549       458,308
4.875%, 6/1/28(15) GBP        100        97,654
GEMS MENASA Cayman, Ltd./GEMS Education Delaware, LLC:       
7.125%, 7/31/26(1)        2,576     2,508,676
7.125%, 7/31/26(15)          350       340,853
Techem Verwaltungsgesellschaft 675 mbH, 2.00%, 7/15/25(15) EUR        100       102,336
      $    9,504,661
Cable and Satellite Television — 1.6%
Altice Financing S.A.:       
3.00%, 1/15/28(15) EUR        100 $        89,472
5.00%, 1/15/28(1)          814       696,200
Altice France S.A.:       
2.125%, 2/15/25(15) EUR        100        99,923
2.50%, 1/15/25(15) EUR        100       100,427
5.125%, 7/15/29(1)          767       546,415
5.50%, 1/15/28(1)          841       649,056
5.875%, 2/1/27(15) EUR        100         91,374
 
12
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Cable and Satellite Television (continued)
CCO Holdings, LLC/CCO Holdings Capital Corp.:       
4.25%, 2/1/31(1)        2,263 $     1,803,642
4.50%, 8/15/30(1)        2,140     1,759,333
4.50%, 5/1/32          771       605,908
4.75%, 3/1/30(1)        1,789     1,504,006
4.75%, 2/1/32(1)        1,044       836,364
5.00%, 2/1/28(1)        1,755     1,595,704
5.375%, 6/1/29(1)          595       534,452
6.375%, 9/1/29(1)        1,974     1,842,671
Charter Communications Operating, LLC/Charter Communications Operating Capital, 4.908%, 7/23/25          950       928,605
DISH Network Corp., 11.75%, 11/15/27(1)        1,293     1,304,561
UPC Holding B.V., 5.50%, 1/15/28(1)          593       526,940
Virgin Media Finance PLC:       
3.75%, 7/15/30(15) EUR        125       105,731
5.00%, 7/15/30(1)          946       744,837
Virgin Media Secured Finance PLC, 5.25%, 5/15/29(15) GBP        200       211,077
Virgin Media Vendor Financing Notes III DAC, 4.875%, 7/15/28(15) GBP        525       534,805
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 7/15/28(1)        1,091       942,711
VZ Vendor Financing II B.V., 2.875%, 1/15/29(15) EUR        100        81,870
Ziggo B.V., 4.875%, 1/15/30(1)          628       512,381
Ziggo Bond Co., B.V.:       
3.375%, 2/28/30(15) EUR        230       179,712
6.00%, 1/15/27(1)          745       682,972
      $   19,511,149
Capital Goods — 0.1%
BWX Technologies, Inc.:       
4.125%, 6/30/28(1)          948 $       839,118
4.125%, 4/15/29(1)          733       643,735
      $    1,482,853
Chemicals — 0.1%
Calderys Financing, LLC, 11.25%, 6/1/28(1)        1,444 $     1,480,904
      $    1,480,904
Chemicals and Plastics — 1.1%
ASP Unifrax Holdings, Inc., 5.25%, 9/30/28(1)        1,242 $       886,428
Avient Corp., 7.125%, 8/1/30(1)        1,551     1,525,584
Celanese US Holdings, LLC, 6.35%, 11/15/28          725       716,261
Herens Holdco S.a.r.l., 4.75%, 5/15/28(1)          545       423,867
Herens Midco S.a.r.l., 5.25%, 5/15/29(15) EUR        400        243,811
Security Principal
Amount*
(000's omitted) 		Value
Chemicals and Plastics (continued)
INEOS Finance PLC:       
2.875%, 5/1/26(15) EUR        100 $        98,391
3.375%, 3/31/26(15) EUR        100        99,942
INEOS Quattro Finance 2 PLC, 2.50%, 1/15/26(15) EUR        154       148,657
Italmatch Chemicals SpA, 10.00%, 2/6/28(15) EUR        200       206,652
NOVA Chemicals Corp.:       
4.25%, 5/15/29(1)        1,242       967,864
4.875%, 6/1/24(1)        1,276     1,254,837
Nufarm Australia, Ltd./Nufarm Americas, Inc., 5.00%, 1/27/30(1)        1,759     1,554,261
Olympus Water US Holding Corp.:       
3.875%, 10/1/28(15) EUR        110        97,666
9.75%, 11/15/28(1)        2,204     2,201,991
Valvoline, Inc., 3.625%, 6/15/31(1)          802       622,170
W.R. Grace Holdings, LLC:       
4.875%, 6/15/27(1)        1,472     1,352,308
7.375%, 3/1/31(1)          611       592,953
      $   12,993,643
Clothing/Textiles — 0.1%
William Carter Co. (The), 5.625%, 3/15/27(1)          811 $       780,847
      $      780,847
Commercial Services — 1.5%
Abertis Infraestructuras Finance B.V., 3.248% to 11/24/25(15)(16)(18) EUR        600 $       581,433
APi Group DE, Inc., 4.75%, 10/15/29(1)        1,510     1,327,772
Arena Luxembourg Finance S.a.r.l., 1.875%, 2/1/28(15) EUR        200       175,664
BCP V Modular Services Finance II PLC, 4.75%, 11/30/28(15) EUR        100        88,874
Global Payments, Inc., 4.95%, 8/15/27          475       456,802
GTCR W-2 Merger Sub, LLC, 7.50%, 1/15/31(1)(3)        1,328     1,331,552
GTCR W-2 Merger Sub, LLC/GTCR W Dutch Finance Sub B.V., 8.50%, 1/15/31(3)(15) GBP        100       124,900
HealthEquity, Inc., 4.50%, 10/1/29(1)        1,974     1,702,822
IPD 3 B.V., 8.00%, 6/15/28(15) EUR        200       213,903
Korn Ferry, 4.625%, 12/15/27(1)        1,355     1,248,063
LABL, Inc.:       
5.875%, 11/1/28(1)          507       456,094
8.25%, 11/1/29(1)        1,016       831,215
Loxam S.A.S., 2.875%, 4/15/26(15) EUR        100        97,896
Metis Merger Sub, LLC, 6.50%, 5/15/29(1)        2,923     2,472,671
Mooney Group SpA, 7.742%, (3 mo. EURIBOR + 3.875%), 12/17/26(2)(15) EUR        110       116,094
NESCO Holdings II, Inc., 5.50%, 4/15/29(1)        1,282      1,126,501
 
13
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Commercial Services (continued)
PROG Holdings, Inc., 6.00%, 11/15/29(1)        1,085 $       947,965
Spectrum Brands, Inc., 4.00%, 10/1/26(15) EUR        200       203,982
Verisure Holding AB, 3.25%, 2/15/27(15) EUR        400       381,139
Verisure Midholding AB, 5.25%, 2/15/29(15) EUR        175       162,995
VT Topco, Inc., 8.50%, 8/15/30(1)        1,824     1,808,596
WASH Multifamily Acquisition, Inc., 5.75%, 4/15/26(1)        2,060     1,925,894
      $   17,782,827
Computers — 1.0%
Booz Allen Hamilton, Inc.:       
3.875%, 9/1/28(1)        1,341 $     1,202,770
4.00%, 7/1/29(1)          717       633,261
Dell International, LLC/EMC Corp., 5.25%, 2/1/28          200       197,039
Hewlett Packard Enterprise Co., 5.90%, 10/1/24          754       753,596
Kyndryl Holdings, Inc., 2.70%, 10/15/28          600       493,623
McAfee Corp., 7.375%, 2/15/30(1)        1,841     1,543,426
NCR Corp.:       
5.125%, 4/15/29(1)          926       816,819
5.25%, 10/1/30(1)          843       727,318
Presidio Holdings, Inc., 8.25%, 2/1/28(1)        3,176     3,039,263
Seagate HDD Cayman:       
4.091%, 6/1/29          418       360,969
9.625%, 12/1/32(1)        1,800     1,941,311
      $   11,709,395
Containers and Glass Products — 0.4%
Ardagh Metal Packaging Finance USA, LLC/Ardagh Metal Packaging Finance PLC:       
3.00%, 9/1/29(15) EUR        400 $       322,241
4.00%, 9/1/29(1)        1,408     1,103,768
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:       
2.125%, 8/15/26(15) EUR        100        94,245
2.125%, 8/15/26(15) EUR        400       376,161
Berry Global, Inc., 5.50%, 4/15/28(1)          175       169,167
Canpack S.A./Canpack US, LLC, 3.875%, 11/15/29(1)        2,027     1,658,779
Crown Americas, LLC/Crown Americas Capital Corp. V, 4.25%, 9/30/26          660       621,043
Crown Americas, LLC/Crown Americas Capital Corp. VI, 4.75%, 2/1/26          750       721,118
      $    5,066,522
Cosmetics/Toiletries — 0.1%
Edgewell Personal Care Co.:       
4.125%, 4/1/29(1)          441 $       375,532
Security Principal
Amount*
(000's omitted) 		Value
Cosmetics/Toiletries (continued)
Edgewell Personal Care Co.: (continued)      
5.50%, 6/1/28(1)        1,067 $       986,916
      $    1,362,448
Distribution & Wholesale — 0.8%
BCPE Empire Holdings, Inc., 7.625%, 5/1/27(1)        2,799 $     2,661,765
Parts Europe S.A.:       
6.50%, 7/16/25(15) EUR        100       105,725
7.705%, (3 mo. EURIBOR + 4.00%), 7/20/27(2)(15) EUR        428       452,503
Performance Food Group, Inc.:       
4.25%, 8/1/29(1)        2,429     2,101,251
5.50%, 10/15/27(1)          935       886,703
Rexel S.A., 5.25%, 9/15/30(15) EUR        150       156,962
Ritchie Bros Holdings, Inc.:       
6.75%, 3/15/28(1)          558       557,414
7.75%, 3/15/31(1)          996     1,012,185
Windsor Holdings III, LLC, 8.50%, 6/15/30(1)        2,067     2,041,668
      $    9,976,176
Diversified Financial Services — 1.6%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust:       
1.65%, 10/29/24          599 $       570,009
2.45%, 10/29/26          525       470,500
AG TTMT Escrow Issuer, LLC, 8.625%, 9/30/27(1)        1,308     1,317,176
Air Lease Corp., 0.80%, 8/18/24          750       715,346
American AgCredit Corp., Series A, 5.25% to 6/15/26(1)(16)(18)          410       376,687
Aviation Capital Group, LLC:       
6.25%, 4/15/28(1)          275       269,182
6.375%, 7/15/30(1)          250       242,308
Charles Schwab Corp. (The), 5.643% to 5/19/28, 5/19/29(16)          525       514,455
CI Financial Corp., 3.20%, 12/17/30        1,000       759,277
Enact Holdings, Inc., 6.50%, 8/15/25(1)          708       698,049
Encore Capital Group, Inc., 7.913%, (3 mo. EURIBOR + 4.25%), 1/15/28(2)(15) EUR        100       106,121
Intrum AB, 4.875%, 8/15/25(15) EUR        225       216,714
Jane Street Group/JSG Finance, Inc., 4.50%, 11/15/29(1)        1,905     1,639,366
Jefferies Financial Group, Inc., 5.875%, 7/21/28          400       391,696
Jefferson Capital Holdings, LLC, 6.00%, 8/15/26(1)        1,275     1,129,287
Jerrold Finco PLC, 4.875%, 1/15/26(15) GBP        200       229,185
Louvre Bidco S.A.S., 6.50%, 9/30/24(15) EUR        333       346,511
Macquarie Airfinance Holdings, Ltd., 8.125%, 3/30/29(1)          805        806,590
 
14
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Diversified Financial Services (continued)
Oxford Finance, LLC/Oxford Finance Co-Issuer II, Inc., 6.375%, 2/1/27(1)        1,209 $     1,124,920
PRA Group, Inc., 7.375%, 9/1/25(1)        1,292     1,259,604
ProGroup AG, 3.00%, 3/31/26(15) EUR        400       390,594
Radian Group, Inc., 6.625%, 3/15/25          475       472,630
Rocket Mortgage, LLC/Rocket Mortgage Co.-Issuer, Inc.:       
3.625%, 3/1/29(1)        2,290     1,895,640
4.00%, 10/15/33(1)          225       170,223
Sherwood Financing PLC, 6.00%, 11/15/26(15) GBP        150       156,249
Synchrony Financial, 4.50%, 7/23/25          225       214,324
Unifin Financiera SAB de CV, 7.375%, 2/12/26(1)(19)          620        13,950
VistaJet Malta Finance PLC/Vista Management Holding, Inc.:       
6.375%, 2/1/30(1)        2,192     1,696,663
9.50%, 6/1/28(1)          953       837,974
      $   19,031,230
Drugs — 0.5%
Endo DAC/Endo Finance, LLC/Endo Finco, Inc., 5.875%, 10/15/24(1)(19)          649 $       455,372
Endo Luxembourg Finance Co. I S.a.r.l./Endo US, Inc., 6.125%, 4/1/29(1)(19)        1,550     1,103,507
Gruenenthal GmbH, 3.625%, 11/15/26(15) EUR        310       311,950
Jazz Securities DAC, 4.375%, 1/15/29(1)        1,371     1,196,443
Perrigo Finance Unlimited Co.:       
4.65%, 6/15/30        2,255     1,925,253
4.90%, 12/15/44          588       436,446
      $    5,428,971
Ecological Services and Equipment — 0.8%
Clean Harbors, Inc.:       
4.875%, 7/15/27(1)          551 $       519,837
5.125%, 7/15/29(1)          332       305,816
6.375%, 2/1/31(1)          308       299,872
Covanta Holding Corp.:       
4.875%, 12/1/29(1)        1,536     1,262,461
5.00%, 9/1/30          319       255,256
GFL Environmental, Inc.:       
3.50%, 9/1/28(1)        1,679     1,446,971
3.75%, 8/1/25(1)          776       736,359
4.375%, 8/15/29(1)        2,000     1,739,750
4.75%, 6/15/29(1)        3,095     2,755,102
Paprec Holding S.A.:       
3.50%, 7/1/28(15) EUR        129        122,406
Security Principal
Amount*
(000's omitted) 		Value
Ecological Services and Equipment (continued)
Paprec Holding S.A.: (continued)      
4.00%, 3/31/25(15) EUR        300 $       312,341
      $    9,756,171
Electric Utilities — 1.3%
Dominion Energy, Inc., 1.45%, 4/15/26          800 $       720,176
DTE Energy Co., 4.875%, 6/1/28          500       483,570
Edison International, 4.70%, 8/15/25          500       486,874
EDP - Energias de Portugal S.A., 4.496% to 1/30/24, 4/30/79(15)(16) EUR        600       632,325
EDP Finance B.V., 6.30%, 10/11/27(1)          700       710,519
Electricite de France S.A., 7.50% to 9/6/28(15)(16)(18) EUR        400       431,419
Energizer Gamma Acquisition B.V., 3.50%, 6/30/29(15) EUR      1,100       934,328
Fells Point Funding Trust, 3.046%, 1/31/27(1)          525       476,353
FirstEnergy Corp.:       
2.65%, 3/1/30          410       334,653
Series B, 4.15%, 7/15/27        1,630     1,516,431
ITC Holdings Corp., 4.95%, 9/22/27(1)          600       584,983
Metropolitan Edison Co., 5.20%, 4/1/28(1)          225       219,672
NextEra Energy Capital Holdings, Inc.:       
4.625%, 7/15/27          475       458,094
5.749%, 9/1/25          325       324,193
6.051%, 3/1/25          175       175,327
Pacific Gas & Electric Co., 6.10%, 1/15/29          475       464,315
PacifiCorp, 2.70%, 9/15/30          575       469,931
Pattern Energy Operations, L.P./Pattern Energy Operations, Inc., 4.50%, 8/15/28(1)        1,112       967,017
Pennsylvania Electric Co., 5.15%, 3/30/26(1)          200       196,353
Public Power Corp S.A., 4.375%, 3/30/26(15) EUR        300       309,200
Southern Co. (The), 5.113%, 8/1/27          994       974,852
TransAlta Corp., 7.75%, 11/15/29        1,045     1,059,040
Wec Energy Group, Inc., 5.00%, 9/27/25          475       468,307
WESCO Distribution, Inc.:       
7.125%, 6/15/25(1)        1,024     1,027,503
7.25%, 6/15/28(1)          915       920,345
      $   15,345,780
Electronic Equipment, Instruments & Components — 0.1%
Vontier Corp., 1.80%, 4/1/26          800 $       718,617
      $      718,617
Electronics/Electrical — 0.8%
Coherent Corp., 5.00%, 12/15/29(1)        1,777 $     1,543,165
Imola Merger Corp., 4.75%, 5/15/29(1)        3,165     2,776,927
Jabil, Inc., 5.45%, 2/1/29          450        438,217
 
15
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Electronics/Electrical (continued)
Open Text Corp., 3.875%, 2/15/28(1)        1,009 $       882,395
Open Text Holdings, Inc., 4.125%, 2/15/30(1)          883       739,682
RWE AG, 6.625% to 3/30/26, 7/30/75(15)(16)          266       264,894
Sensata Technologies B.V., 5.00%, 10/1/25(1)          447       433,826
Sensata Technologies, Inc.:       
3.75%, 2/15/31(1)        1,660     1,345,181
4.375%, 2/15/30(1)          627       542,076
SS&C Technologies, Inc., 5.50%, 9/30/27(1)          517       488,392
      $    9,454,755
Energy — 0.5%
Enviva Partners, L.P./Enviva Partners Finance Corp., 6.50%, 1/15/26(1)        2,651 $     2,164,727
New Fortress Energy, Inc., 6.50%, 9/30/26(1)        1,974     1,819,658
Sunoco, L.P./Sunoco Finance Corp., 4.50%, 4/30/30        1,692     1,467,366
      $    5,451,751
Engineering & Construction — 0.4%
Brundage-Bone Concrete Pumping Holdings, Inc., 6.00%, 2/1/26(1)        1,038 $       988,565
Cellnex Finance Co. S.A., 1.00%, 9/15/27(15) EUR        100        91,731
Dycom Industries, Inc., 4.50%, 4/15/29(1)        1,389     1,202,909
TopBuild Corp., 4.125%, 2/15/32(1)        1,562     1,269,979
VM Consolidated, Inc., 5.50%, 4/15/29(1)        1,899     1,711,453
      $    5,264,637
Entertainment — 1.5%
Allwyn Entertainment Financing UK, PLC:       
7.25%, 4/30/30(15) EUR        325 $       348,191
7.875%, 4/30/29(1)        1,565     1,586,519
Boyne USA, Inc., 4.75%, 5/15/29(1)        1,719     1,505,561
Caesars Entertainment, Inc.:       
4.625%, 10/15/29(1)          529       448,716
6.25%, 7/1/25(1)        2,521     2,488,713
7.00%, 2/15/30(1)          800       779,297
8.125%, 7/1/27(1)        1,589     1,597,782
CDI Escrow Issuer, Inc., 5.75%, 4/1/30(1)        1,751     1,584,162
Cirsa Finance International S.a.r.l., 4.50%, 3/15/27(15) EUR        200       195,463
CPUK Finance, Ltd.:       
4.50%, 8/28/27(15) GBP        100       106,027
4.875%, 2/28/47(15) GBP        435       504,206
6.50%, 8/28/26(15) GBP        100       116,670
Esc Cb National Cineme, 5.75%, 8/15/26        1,186             0
Jacobs Entertainment, Inc., 6.75%, 2/15/29(1)        1,721     1,529,186
Light & Wonder International, Inc., 7.00%, 5/15/28(1)        1,647      1,620,533
Security Principal
Amount*
(000's omitted) 		Value
Entertainment (continued)
Live Nation Entertainment, Inc., 4.75%, 10/15/27(1)        1,226 $     1,123,874
Lottomatica SpA, 7.928%, 6/1/28(2)(15) EUR        100       106,927
Pinewood Finance Co., Ltd., 3.25%, 9/30/25(15) GBP        300       344,323
Speedway Motorsports, LLC/Speedway Funding II, Inc., 4.875%, 11/1/27(1)        1,515     1,376,423
WarnerMedia Holdings, Inc., 3.755%, 3/15/27        1,050       969,835
      $   18,332,408
Environmental — 0.0%(14)
Waste Management, Inc., 0.75%, 11/15/25          525 $       476,297
      $      476,297
Equipment Leasing — 0.0%(14)
Ashtead Capital, Inc., 4.25%, 11/1/29(1)          526 $       466,156
      $      466,156
Financial Intermediaries — 1.9%
Ally Financial, Inc.:       
4.625%, 3/30/25        1,225 $     1,183,217
Series B, 4.70% to 5/15/26(16)(18)        1,647     1,135,385
Alpha Holding S.A. de CV:       
9.00%, 2/10/25(1)(19)          721        10,818
10.00%, 12/19/22(1)(19)          188         2,827
Citigroup, Inc.:       
3.887% to 1/10/27, 1/10/28(16)          975       909,379
5.61% to 9/29/25, 9/29/26(16)          935       925,691
Compass Group Diversified Holdings, LLC, 5.25%, 4/15/29(1)        1,657     1,450,361
Ford Motor Credit Co., LLC:       
2.90%, 2/16/28          420       358,122
3.37%, 11/17/23          513       510,477
3.625%, 6/17/31        2,307     1,866,588
3.815%, 11/2/27        1,984     1,768,750
4.00%, 11/13/30          995       831,955
4.125%, 8/17/27        2,739     2,496,943
4.271%, 1/9/27          476       440,134
4.867%, 8/3/27 EUR        200       209,090
5.125%, 6/16/25          938       908,850
5.584%, 3/18/24          257       255,630
6.125%, 5/15/28 EUR        550       599,296
Goldman Sachs Group, Inc. (The), 3.615% to 3/15/27, 3/15/28(16)        1,496     1,380,871
JPMorgan Chase & Co.:       
Series HH, 4.60% to 2/1/25(16)(18)        1,674     1,570,194
5.546%, 12/15/25(16)        1,400      1,390,820
 
16
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Financial Intermediaries (continued)
MSCI, Inc.:       
3.625%, 9/1/30(1)          520 $       436,457
3.875%, 2/15/31(1)          899       762,829
Synovus Financial Corp., 5.90% to 2/7/24, 2/7/29(16)        1,011       941,059
      $   22,345,743
Financial Services — 0.6%
Bank of America Corp.:       
1.734% to 7/22/26, 7/22/27(16)        1,625 $     1,440,446
4.376% to 4/27/27, 4/27/28(16)        1,500     1,416,802
5.08% to 1/20/26, 1/20/27(16)          975       953,236
Nationwide Building Society, 4.00%, 9/14/26(1)          525       487,300
Vietnam Debt and Asset Trading Corp., 1.00%, 10/10/25(15)        2,600     2,210,000
      $    6,507,784
Food Products — 0.4%
Bellis Acquisition Co. PLC, 3.25%, 2/16/26(15) GBP        200 $       212,695
Casino Guichard Perrachon SA, 4.498%, 3/7/24(15) EUR        100         1,493
Chobani, LLC/Chobani Finance Corp., Inc., 7.50%, 4/15/25(1)        1,619     1,605,303
Ingles Markets, Inc., 4.00%, 6/15/31(1)          854       702,270
Nomad Foods Bondco PLC, 2.50%, 6/24/28(15) EUR        236       217,520
Pilgrim's Pride Corp., 3.50%, 3/1/32        1,979     1,532,631
Premier Foods Financing PLC, 3.50%, 10/15/26(15) GBP        125       139,390
      $    4,411,302
Food Service — 0.7%
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc.:       
3.875%, 1/15/28(1)        1,906 $     1,711,341
4.00%, 10/15/30(1)        2,705     2,250,949
4.375%, 1/15/28(1)        1,014       914,935
5.75%, 4/15/25(1)          372       369,517
Elior Group S.A., 3.75%, 7/15/26(15) EUR        100        83,842
IRB Holding Corp., 7.00%, 6/15/25(1)          615       615,849
US Foods, Inc., 4.75%, 2/15/29(1)        1,837     1,644,019
Yum! Brands, Inc., 3.625%, 3/15/31          238       196,169
      $    7,786,621
Food/Drug Retailers — 0.3%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons, L.P./Albertsons, LLC:       
4.875%, 2/15/30(1)        1,595 $     1,439,247
Security Principal
Amount*
(000's omitted) 		Value
Food/Drug Retailers (continued)
Albertsons Cos., Inc./Safeway, Inc./New Albertsons, L.P./Albertsons, LLC: (continued)      
5.875%, 2/15/28(1)        2,145 $     2,066,844
      $    3,506,091
Forest Products & Paper — 0.0%(14)
Georgia-Pacific, LLC, 1.75%, 9/30/25(1)          525 $       485,463
      $      485,463
Health Care — 3.6%
AHP Health Partners, Inc., 5.75%, 7/15/29(1)          610 $       515,355
Avantor Funding, Inc.:       
2.625%, 11/1/25(15) EUR        300       303,764
3.875%, 7/15/28(15) EUR        100        97,478
Bausch & Lomb Escrow Corp., 8.375%, 10/1/28(1)        1,295     1,300,465
Cerba Healthcare SACA, 3.50%, 5/31/28(15) EUR        450       396,066
Chrome Holdco S.A.S., 5.00%, 5/31/29(15) EUR        400       321,869
Encompass Health Corp.:       
4.625%, 4/1/31          683       579,818
4.75%, 2/1/30          639       566,228
Fortrea Holdings, Inc., 7.50%, 7/1/30(1)        1,849     1,801,416
Grifols S.A.:       
1.625%, 2/15/25(15) EUR        200       204,415
3.20%, 5/1/25(15) EUR        350       356,855
3.875%, 10/15/28(15) EUR        494       444,095
4.75%, 10/15/28(1)        2,051     1,751,154
HCA, Inc.:       
5.25%, 6/15/26          475       465,148
5.625%, 9/1/28        1,472     1,436,175
5.875%, 2/15/26        2,705     2,690,669
Heartland Dental, LLC/Heartland Dental Finance Corp., 10.50%, 4/30/28(1)        3,006     3,028,545
IQVIA, Inc.:       
2.25%, 1/15/28(15) EUR        450       418,152
2.25%, 3/15/29(15) EUR        100        88,757
2.875%, 6/15/28(15) EUR        100        94,483
5.00%, 10/15/26(1)          850       813,523
5.00%, 5/15/27(1)          685       646,385
6.50%, 5/15/30(1)          825       808,516
Legacy LifePoint Health, LLC, 4.375%, 2/15/27(1)          989       851,747
LifePoint Health, Inc.:       
5.375%, 1/15/29(1)        2,888     2,020,175
9.875%, 8/15/30(1)          825       799,739
Medline Borrower, L.P., 5.25%, 10/1/29(1)        3,821      3,307,099
 
17
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Health Care (continued)
ModivCare Escrow Issuer, Inc., 5.00%, 10/1/29(1)          981 $       705,516
ModivCare, Inc., 5.875%, 11/15/25(1)        1,377     1,310,257
Molina Healthcare, Inc.:       
3.875%, 11/15/30(1)        1,330     1,102,268
3.875%, 5/15/32(1)        1,450     1,164,706
Option Care Health, Inc., 4.375%, 10/31/29(1)        1,991     1,722,066
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/1/26(1)          702       680,613
Team Health Holdings, Inc., 6.375%, 2/1/25(1)        1,890     1,459,832
Tenet Healthcare Corp.:       
4.375%, 1/15/30          187       161,082
4.875%, 1/1/26        1,607     1,541,137
5.125%, 11/1/27        1,607     1,497,129
6.125%, 10/1/28        1,593     1,496,910
6.875%, 11/15/31          878       842,736
US Acute Care Solutions, LLC, 6.375%, 3/1/26(1)        2,637     2,271,973
Varex Imaging Corp., 7.875%, 10/15/27(1)          896       899,096
      $   42,963,412
Health Care Providers & Services — 0.2%
Boston Scientific Corp., 1.90%, 6/1/25          525 $       493,552
Catalent Pharma Solutions, Inc.:       
2.375%, 3/1/28(15) EUR        100        88,809
3.50%, 4/1/30(1)        2,084     1,718,539
      $    2,300,900
Home Furnishings — 0.2%
CD&R Smokey Buyer, Inc., 6.75%, 7/15/25(1)          789 $       761,263
Tempur Sealy International, Inc., 3.875%, 10/15/31(1)        1,475     1,139,706
      $    1,900,969
Homebuilders/Real Estate — 0.0%(14)
M/I Homes, Inc., 4.95%, 2/1/28          459 $       414,234
      $      414,234
Hotels, Restaurants & Leisure — 0.3%
Resorts World Las Vegas, LLC/RWLV Capital, Inc.:       
4.625%, 4/6/31(15)          800 $       597,235
8.45%, 7/27/30(1)          600       578,143
SeaWorld Parks & Entertainment, Inc.:       
5.25%, 8/15/29(1)        1,479     1,301,121
8.75%, 5/1/25(1)        1,090     1,105,723
      $    3,582,222
Security Principal
Amount*
(000's omitted) 		Value
Industrial Equipment — 0.2%
Madison IAQ, LLC, 5.875%, 6/30/29(1)        2,000 $     1,612,964
TK Elevator Holdco GmbH, 6.625%, 7/15/28(15) EUR         90        83,552
TK Elevator Midco GmbH:       
4.375%, 7/15/27(15) EUR        425       407,982
8.413%, (3 mo. EURIBOR + 4.75%), 7/15/27(2)(15) EUR        100       105,825
      $    2,210,323
Insurance — 0.8%
Alliant Holdings Intermediate, LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27(1)        1,615 $     1,503,656
AmWINS Group, Inc., 4.875%, 6/30/29(1)        1,010       886,309
Assurant, Inc., 6.10%, 2/27/26          200       199,142
AssuredPartners, Inc., 5.625%, 1/15/29(1)          450       390,123
Athene Global Funding, 2.514%, 3/8/24(1)          650       638,594
BroadStreet Partners, Inc., 5.875%, 4/15/29(1)        2,209     1,951,471
F&G Annuities & Life, Inc., 7.40%, 1/13/28          575       574,458
Galaxy Finco, Ltd., 9.25%, 7/31/27(15) GBP        575       631,402
GTCR AP Finance, Inc., 8.00%, 5/15/27(1)          820       806,796
Jones DesLauriers Insurance Management, Inc., 10.50%, 12/15/30(1)        1,539     1,568,640
Principal Life Global Funding II, 5.50%, 6/28/28(1)          475       466,327
      $    9,616,918
Internet Software & Services — 0.7%
Amazon.com, Inc., 3.30%, 4/13/27        1,025 $       964,882
Arches Buyer, Inc.:       
4.25%, 6/1/28(1)          655       559,237
6.125%, 12/1/28(1)        2,045     1,662,452
Cars.com, Inc., 6.375%, 11/1/28(1)        1,770     1,610,054
Match Group Holdings II, LLC, 3.625%, 10/1/31(1)        1,727     1,364,460
Science Applications International Corp., 4.875%, 4/1/28(1)        1,487     1,351,341
United Group B.V., 3.125%, 2/15/26(15) EUR        350       339,232
      $    7,851,658
Leisure Goods/Activities/Movies — 1.7%
Acushnet Co., 7.375%, 10/15/28(1)(3)          400 $       403,500
Carnival Corp., 5.75%, 3/1/27(1)        1,316     1,192,413
Cinemark USA, Inc.:       
5.25%, 7/15/28(1)        1,481     1,316,357
5.875%, 3/15/26(1)          414       397,954
8.75%, 5/1/25(1)          182       183,310
LHMC Finco 2 S.a.r.l., 7.25%, (7.25% cash or 8.00% PIK), 10/2/25(15)(17) EUR        262        271,612
 
18
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Leisure Goods/Activities/Movies (continued)
Life Time, Inc.:       
5.75%, 1/15/26(1)        1,268 $     1,229,769
8.00%, 4/15/26(1)          846       832,096
Lindblad Expeditions Holdings, Inc., 9.00%, 5/15/28(1)          761       760,151
Lindblad Expeditions, LLC, 6.75%, 2/15/27(1)          599       561,443
NCL Corp., Ltd.:       
3.625%, 12/15/24(1)          439       421,932
5.875%, 3/15/26(1)        2,162     1,998,559
5.875%, 2/15/27(1)          517       492,134
7.75%, 2/15/29(1)          433       402,362
NCL Finance, Ltd., 6.125%, 3/15/28(1)        1,000       883,665
Piaggio & C SpA, 6.50%, 10/5/30(3)(15) EUR        100       105,873
Pinnacle Bidco PLC, 5.50%, 2/15/25(15) EUR        200       214,056
Playtika Holding Corp., 4.25%, 3/15/29(1)        1,511     1,263,226
Royal Caribbean Cruises, Ltd., 11.625%, 8/15/27(1)        1,612     1,749,863
Viking Cruises, Ltd.:       
5.875%, 9/15/27(1)        2,472     2,258,741
6.25%, 5/15/25(1)        1,690     1,655,718
7.00%, 2/15/29(1)          658       606,061
Viking Ocean Cruises Ship VII, Ltd., 5.625%, 2/15/29(1)          422       382,355
      $   19,583,150
Lodging and Casinos — 0.3%
Accor S.A.:       
2.625% to 1/30/25(15)(16)(18) EUR        100 $       100,584
4.375% to 1/30/24(15)(16)(18) EUR        300       315,386
Hyatt Hotels Corp., 5.75%, 1/30/27          650       646,137
MGM Resorts International:       
4.75%, 10/15/28        1,138     1,003,899
5.50%, 4/15/27          453       423,081
5.75%, 6/15/25          948       926,891
      $    3,415,978
Machinery — 0.3%
Chart Industries, Inc., 9.50%, 1/1/31(1)        1,984 $     2,110,383
IMA Industria Macchine Automatiche SpA, 3.75%, 1/15/28(15) EUR        121       113,654
Ingersoll Rand, Inc., 5.40%, 8/14/28          475       467,361
John Deere Capital Corp., 4.95%, 7/14/28          350       345,318
Renk AG, 5.75%, 7/15/25(15) EUR        200       210,604
      $    3,247,320
Media — 0.4%
Beasley Mezzanine Holdings, LLC, 8.625%, 2/1/26(1)        1,595 $     1,025,461
Security Principal
Amount*
(000's omitted) 		Value
Media (continued)
iHeartCommunications, Inc.:       
6.375%, 5/1/26          179 $       154,554
8.375%, 5/1/27          324       233,234
Outfront Media Capital, LLC/Outfront Media Capital Corp.:       
4.625%, 3/15/30(1)          925       728,243
6.25%, 6/15/25(1)          807       792,583
Univision Communications, Inc.:       
4.50%, 5/1/29(1)        1,032       841,399
7.375%, 6/30/30(1)          391       357,815
Urban One, Inc., 7.375%, 2/1/28(1)        1,006       864,340
      $    4,997,629
Metals/Mining — 1.2%
BHP Billiton Finance USA, Ltd., 4.75%, 2/28/28          675 $       657,583
Cleveland-Cliffs, Inc., 6.75%, 3/15/26(1)        2,658     2,653,178
Compass Minerals International, Inc., 6.75%, 12/1/27(1)        3,216     3,051,051
Constellium N.V.:       
5.625%, 6/15/28(1)          630       593,552
5.875%, 2/15/26(1)          408       399,367
Freeport-McMoRan, Inc., 5.45%, 3/15/43        1,600     1,366,240
Glencore Funding, LLC, 4.125%, 3/12/24(1)          475       470,995
Hudbay Minerals, Inc.:       
4.50%, 4/1/26(1)        1,085     1,016,609
6.125%, 4/1/29(1)          489       453,004
Novelis Corp.:       
3.25%, 11/15/26(1)          690       617,092
4.75%, 1/30/30(1)        1,068       925,731
Novelis Sheet Ingot GmbH, 3.375%, 4/15/29(15) EUR        700       641,931
Roller Bearing Co. of America, Inc., 4.375%, 10/15/29(1)        1,513     1,303,317
      $   14,149,650
Nonferrous Metals/Minerals — 0.3%
Eldorado Gold Corp., 6.25%, 9/1/29(1)        1,333 $     1,152,216
First Quantum Minerals, Ltd., 7.50%, 4/1/25(1)        1,042     1,041,333
New Gold, Inc., 7.50%, 7/15/27(1)        1,379     1,289,274
      $    3,482,823
Oil and Gas — 2.7%
Aethon United BR, L.P./Aethon United Finance Corp., 8.25%, 2/15/26(1)        1,570 $     1,559,120
Callon Petroleum Co.:       
7.50%, 6/15/30(1)          601        583,482
 
19
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Oil and Gas (continued)
Callon Petroleum Co.: (continued)      
8.00%, 8/1/28(1)          788 $       789,827
CenterPoint Energy Resources Corp., 5.25%, 3/1/28          500       493,790
Chord Energy Corp., 6.375%, 6/1/26(1)        1,111     1,090,458
Continental Resources, Inc., 2.268%, 11/15/26(1)          550       487,550
CrownRock, L.P./CrownRock Finance, Inc., 5.00%, 5/1/29(1)        1,519     1,424,822
CVR Energy, Inc., 5.75%, 2/15/28(1)        1,905     1,725,965
Marathon Petroleum Corp., 4.70%, 5/1/25          475       465,326
Nabors Industries, Ltd., 7.50%, 1/15/28(1)          665       615,566
National Fuel Gas Co., 3.95%, 9/15/27          650       596,408
Neptune Energy Bondco PLC, 6.625%, 5/15/25(1)        2,882     2,857,503
NiSource, Inc., 5.25%, 3/30/28          950       931,669
Occidental Petroleum Corp., 7.50%, 5/1/31          425       451,506
Parkland Corp.:       
4.50%, 10/1/29(1)          376       322,433
4.625%, 5/1/30(1)        1,501     1,281,515
Permian Resources Operating, LLC:       
5.375%, 1/15/26(1)          232       222,346
5.875%, 7/1/29(1)        2,252     2,121,339
7.00%, 1/15/32(1)        1,214     1,198,512
7.75%, 2/15/26(1)        1,166     1,174,621
Petroleos Mexicanos:       
5.95%, 1/28/31        1,170       838,603
6.35%, 2/12/48          161        92,016
6.875%, 8/4/26          171       157,779
Precision Drilling Corp.:       
6.875%, 1/15/29(1)          932       883,691
7.125%, 1/15/26(1)          500       495,622
Repsol International Finance B.V., 4.50% to 3/25/25, 3/25/75(15)(16) EUR        100       104,394
Seadrill Finance, Ltd., 8.375%, 8/1/30(1)          513       522,778
Shelf Drilling Holdings, Ltd.:       
8.25%, 2/15/25(1)        1,535     1,565,969
8.875%, 11/15/24(1)          441       441,276
Southwestern Energy Co., 4.75%, 2/1/32        1,485     1,276,162
Transocean Poseidon, Ltd., 6.875%, 2/1/27(1)          801       789,442
Transocean, Inc., 8.75%, 2/15/30(1)          672       687,360
UGI International, LLC, 2.50%, 12/1/29(15) EUR        100        87,682
Var Energi ASA, 7.50%, 1/15/28(1)          600       616,729
Vital Energy, Inc., 9.75%, 10/15/30        1,026     1,049,801
Weatherford International, Ltd., 8.625%, 4/30/30(1)        1,355     1,366,572
Wintershall Dea Finance 2 B.V., Series NC5, 2.499% to 4/20/26(15)(16)(18) EUR        500       461,913
      $   31,831,547
Security Principal
Amount*
(000's omitted) 		Value
Packaging & Containers — 0.5%
Ball Corp., 6.875%, 3/15/28          474 $       477,368
Kleopatra Finco S.a.r.l., 4.25%, 3/1/26(15) EUR        350       310,615
Owens-Brockway Glass Container, Inc., 7.25%, 5/15/31(1)        2,035     1,991,756
Schoeller Packaging B.V., 6.375%, 11/1/24(15) EUR        200       192,420
Sealed Air Corp./Sealed Air Corp. U.S., 6.125%, 2/1/28(1)          626       606,961
Silgan Holdings, Inc., 1.40%, 4/1/26(1)          550       488,357
Trivium Packaging Finance B.V.:       
3.75%, 8/15/26(15) EUR        200       196,099
5.50%, 8/15/26(1)          424       395,818
7.531%, (3 mo. EURIBOR + 3.75%), 8/15/26(2)(15) EUR        200       208,952
8.50%, 8/15/27(1)          810       741,194
      $    5,609,540
Pharmaceuticals — 0.8%
Abbvie, Inc., 3.80%, 3/15/25          725 $       704,946
Bayer AG, 5.375% to 6/25/30, 3/25/82(15)(16) EUR        400       389,282
BellRing Brands, Inc., 7.00%, 3/15/30(1)        2,444     2,409,746
Cheplapharm Arzneimittel GmbH:       
3.50%, 2/11/27(15) EUR        125       120,775
8.531%, (3 mo. EURIBOR + 4.75%), 5/15/30(2)(15) EUR        145       155,409
CVS Health Corp., 3.75%, 4/1/30          525       464,268
Herbalife Nutrition, Ltd./HLF Financing, Inc., 7.875%, 9/1/25(1)        1,383     1,319,589
Horizon Therapeutics USA, Inc., 5.50%, 8/1/27(1)        1,105     1,135,387
P&L Development, LLC/PLD Finance Corp., 7.75%, 11/15/25(1)        1,595     1,166,599
Pfizer Investment Enterprises Pte., Ltd., 4.45%, 5/19/28          450       434,029
PRA Health Sciences, Inc., 2.875%, 7/15/26(1)          410       370,347
Rossini S.a.r.l., 7.589%, (3 mo. EURIBOR + 3.875%), 10/30/25(2)(15) EUR        300       317,422
      $    8,987,799
Pipelines — 2.1%
Antero Midstream Partners, L.P./Antero Midstream Finance Corp.:       
5.75%, 3/1/27(1)        1,874 $     1,790,323
7.875%, 5/15/26(1)          879       886,085
Cheniere Energy Partners, L.P.:       
4.00%, 3/1/31        2,706     2,316,339
4.50%, 10/1/29        1,722     1,561,153
Columbia Pipelines Holding Co., LLC:       
6.042%, 8/15/28(1)          200       199,110
6.055%, 8/15/26(1)           50         50,176
 
20
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Pipelines (continued)
DT Midstream, Inc., 4.125%, 6/15/29(1)        1,449 $     1,254,648
Energy Transfer, L.P., 5.00%, 5/15/50        1,094       859,553
Enterprise Products Operating, LLC, 5.05%, 1/10/26          125       123,682
EQM Midstream Partners, L.P.:       
4.50%, 1/15/29(1)        1,355     1,207,370
4.75%, 1/15/31(1)        1,086       936,017
6.00%, 7/1/25(1)          257       253,247
6.50%, 7/1/27(1)          702       686,189
7.50%, 6/1/30(1)        1,010     1,015,406
Kinetik Holdings, L.P., 5.875%, 6/15/30(1)        2,308     2,166,404
Midwest Connector Capital Co., LLC, 4.625%, 4/1/29(1)        1,269     1,160,690
ONEOK, Inc., 5.65%, 11/1/28          250       246,854
Plains All American Pipeline, L.P., Series B, 9.736%, (3 mo. USD LIBOR + 4.11%)(2)(18)        1,462     1,386,934
Sabine Pass Liquefaction, LLC, 5.75%, 5/15/24          183       182,649
Venture Global Calcasieu Pass, LLC:       
3.875%, 11/1/33(1)          665       517,044
4.125%, 8/15/31(1)          992       815,058
Venture Global LNG, Inc.:       
8.125%, 6/1/28(1)        1,174     1,163,285
8.375%, 6/1/31(1)        1,878     1,848,031
Western Midstream Operating, L.P.:       
4.05%, 2/1/30        1,187     1,038,841
4.50%, 3/1/28          148       137,851
4.75%, 8/15/28          150       140,425
Williams Cos., Inc. (The):       
4.55%, 6/24/24          950       939,939
5.30%, 8/15/28          200       195,755
      $   25,079,058
Publishing — 0.2%
McGraw-Hill Education, Inc.:       
5.75%, 8/1/28(1)          423 $       365,497
8.00%, 8/1/29(1)        1,879     1,631,987
      $    1,997,484
Radio and Television — 0.4%
Audacy Capital Corp., 6.75%, 3/31/29(1)        1,627 $        32,833
Clear Channel Outdoor Holdings, Inc.:       
5.125%, 8/15/27(1)          740       657,836
7.75%, 4/15/28(1)        2,088     1,670,237
CMG Media Corp., 8.875%, 12/15/27(1)        1,567     1,228,896
Townsquare Media, Inc., 6.875%, 2/1/26(1)        1,492     1,410,836
      $    5,000,638
Security Principal
Amount*
(000's omitted) 		Value
Real Estate Investment Trusts (REITs) — 1.7%
Adler Financing S.a.r.l., 12.50%, 6/30/25(17) EUR        200 $       226,011
Akelius Residential Property AB, 2.249% to 2/17/26, 5/17/81(15)(16) EUR        200       174,314
CTR Partnership, L.P./CareTrust Capital Corp., 3.875%, 6/30/28(1)        1,591     1,362,165
Cushman & Wakefield U.S. Borrower, LLC, 8.875%, 9/1/31(1)          868       840,567
Emeria SASU:       
3.375%, 3/31/28(15) EUR        200       169,854
7.75%, 3/31/28(15) EUR        150       147,611
EPR Properties:       
3.60%, 11/15/31          600       445,319
3.75%, 8/15/29          565       454,405
Equinix, Inc., 1.00%, 9/15/25          525       477,266
Extra Space Storage, L.P., 5.70%, 4/1/28          450       445,149
Greystar Real Estate Partners, LLC, 7.75%, 9/1/30(1)        1,840     1,819,634
HAT Holdings I, LLC/HAT Holdings II, LLC:       
3.375%, 6/15/26(1)        1,316     1,171,119
3.75%, 9/15/30(1)        1,816     1,391,972
Heimstaden Bostad AB:       
3.00% to 10/29/27(15)(16)(18) EUR        102        47,732
3.248% to 11/19/24(15)(16)(18) EUR        300       178,738
3.375% to 1/15/26(15)(16)(18) EUR        250       128,952
Newmark Group, Inc., 6.125%, 11/15/23        2,126     2,124,097
VICI Properties, L.P./VICI Note Co., Inc.:       
3.75%, 2/15/27(1)          323       293,380
4.125%, 8/15/30(1)        1,108       943,545
4.25%, 12/1/26(1)        1,653     1,541,639
4.50%, 9/1/26(1)          895       841,680
4.625%, 12/1/29(1)        2,359     2,095,500
5.625%, 5/1/24(1)          480       477,380
5.75%, 2/1/27(1)        2,073     2,008,857
      $   19,806,886
Retail — 1.1%
Arko Corp., 5.125%, 11/15/29(1)        2,074 $     1,675,191
B&M European Value Retail S.A., 3.625%, 7/15/25(15) GBP        100       118,240
Dufry One B.V.:       
2.00%, 2/15/27(15) EUR        200       187,149
2.50%, 10/15/24(15) EUR        200       207,193
3.375%, 4/15/28(15) EUR        139       131,779
Evergreen AcqCo 1, L.P./TVI, Inc., 9.75%, 4/26/28(1)        1,993     2,054,036
Ferrellgas, L.P./Ferrellgas Finance Corp., 5.875%, 4/1/29(1)        1,582      1,424,399
 
21
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Retail (continued)
Fertitta Entertainment, LLC/Fertitta Entertainment Finance Co., Inc., 4.625%, 1/15/29(1)          745 $       632,203
Group 1 Automotive, Inc., 4.00%, 8/15/28(1)        1,328     1,154,260
Ken Garff Automotive, LLC, 4.875%, 9/15/28(1)          957       818,322
Kohl's Corp., 4.625%, 5/1/31          851       573,106
LCM Investments Holdings II, LLC:       
4.875%, 5/1/29(1)        1,652     1,406,547
8.25%, 8/1/31(1)          262       254,739
Macy's Retail Holdings, LLC, 5.875%, 4/1/29(1)          606       531,186
Michaels Cos., Inc., 5.25%, 5/1/28(1)        1,259     1,006,929
Midco GB SASU, 7.75%, (7.75% cash or 8.50% PIK), 11/1/27(15)(17) EUR        130       132,596
PEU Fin PLC, 7.25%, 7/1/28(15) EUR        200       202,463
Punch Finance PLC, 6.125%, 6/30/26(15) GBP        125       135,233
Stonegate Pub Co. Financing 2019 PLC, 8.25%, 7/31/25(15) GBP        100       115,802
Suburban Propane Partners, L.P./Suburban Energy Finance Corp., 5.00%, 6/1/31(1)          824       688,844
      $   13,450,217
Retailers (Except Food and Drug) — 0.9%
Bath & Body Works, Inc.:       
6.625%, 10/1/30(1)          479 $       449,580
6.75%, 7/1/36          437       383,384
6.95%, 3/1/33        1,027       920,102
7.60%, 7/15/37          488       428,847
9.375%, 7/1/25(1)          182       189,470
Dave & Buster's, Inc., 7.625%, 11/1/25(1)        2,417     2,418,370
Murphy Oil USA, Inc.:       
4.75%, 9/15/29          170       153,476
5.625%, 5/1/27          560       541,018
PetSmart, Inc./PetSmart Finance Corp.:       
4.75%, 2/15/28(1)        1,290     1,130,883
7.75%, 2/15/29(1)        2,469     2,303,536
Superior Plus, L.P./Superior General Partner, Inc., 4.50%, 3/15/29(1)        1,532     1,333,039
      $   10,251,705
Semiconductors & Semiconductor Equipment — 0.3%
Broadcom Corp./Broadcom Cayman Finance, Ltd., 3.875%, 1/15/27          700 $       657,956
Intel Corp., 4.875%, 2/10/28        1,000       981,380
Marvell Technology, Inc., 5.75%, 2/15/29          450        446,060
Security Principal
Amount*
(000's omitted) 		Value
Semiconductors & Semiconductor Equipment (continued)
NXP B.V./NXP Funding, LLC/NXP USA, Inc., 2.70%, 5/1/25          550 $       522,557
ON Semiconductor Corp., 3.875%, 9/1/28(1)        1,544     1,368,694
      $    3,976,647
Software — 0.5%
Central Parent, LLC/CDK Global II, LLC/CDK Financing Co., Inc., 8.00%, 6/15/29(1)        1,071 $     1,068,001
Clarivate Science Holdings Corp., 4.875%, 7/1/29(1)        2,105     1,796,759
Cloud Software Group, Inc.:       
6.50%, 3/31/29(1)          988       874,717
9.00%, 9/30/29(1)        1,136       988,758
Concentrix Corp., 6.65%, 8/2/26          425       422,598
Oracle Corp.:       
3.25%, 11/15/27          500       455,865
5.80%, 11/10/25          475       476,886
      $    6,083,584
Software and Services — 0.3%
Black Knight InfoServ, LLC, 3.625%, 9/1/28(1)          825 $       741,469
Fair Isaac Corp., 4.00%, 6/15/28(1)        1,248     1,117,114
Gartner, Inc.:       
3.625%, 6/15/29(1)          427       365,720
3.75%, 10/1/30(1)          660       554,514
4.50%, 7/1/28(1)          908       829,457
Playtech PLC, 4.25%, 3/7/26(15) EUR        200       205,149
      $    3,813,423
Specialty Retail — 0.0%(14)
Fiber Bidco SpA:       
9.952%, (3 mo. EURIBOR + 6.00%), 10/25/27(2)(15) EUR        300 $       320,347
11.00%, 10/25/27(15) EUR        100       113,157
      $      433,504
Steel — 0.3%
Allegheny Ludlum, LLC, 6.95%, 12/15/25          465 $       466,755
ATI, Inc., 5.875%, 12/1/27          320       303,653
Big River Steel, LLC/BRS Finance Corp., 6.625%, 1/31/29(1)        1,147     1,134,423
Nucor Corp., 3.95%, 5/23/25          500       485,193
TMS International Corp., 6.25%, 4/15/29(1)        1,365     1,130,369
      $    3,520,393
 
22
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Surface Transport — 0.1%
Hertz Corp. (The):       
4.625%, 12/1/26(1)          218 $       193,473
5.00%, 12/1/29(1)        1,771     1,389,007
      $    1,582,480
Technology — 0.6%
athenahealth Group, Inc., 6.50%, 2/15/30(1)        2,297 $     1,924,064
International Game Technology PLC:       
4.125%, 4/15/26(1)          892       839,917
5.25%, 1/15/29(1)        2,500     2,306,365
6.25%, 1/15/27(1)          976       956,271
6.50%, 2/15/25(1)          513       512,699
      $    6,539,316
Telecommunications — 2.2%
AT&T, Inc., 1.65%, 2/1/28          825 $       696,695
Ciena Corp., 4.00%, 1/31/30(1)        1,883     1,595,475
Connect Finco S.a.r.l./Connect US Finco, LLC, 6.75%, 10/1/26(1)        2,698     2,519,791
Iliad Holding SASU:       
5.125%, 10/15/26(15) EUR        400       403,370
6.50%, 10/15/26(1)        1,389     1,306,484
7.00%, 10/15/28(1)          811       739,102
LCPR Senior Secured Financing DAC:       
5.125%, 7/15/29(1)          840       676,729
6.75%, 10/15/27(1)        1,482     1,363,084
Level 3 Financing, Inc., 4.25%, 7/1/28(1)          400       249,825
Lorca Telecom Bondco S.A., 4.00%, 9/18/27(15) EUR        843       830,224
Matterhorn Telecom S.A., 3.125%, 9/15/26(15) EUR        500       493,273
NBN Co., Ltd., 1.45%, 5/5/26(1)        1,075       966,281
PLT VII Finance S.a.r.l.:       
4.625%, 1/5/26(15) EUR        500       513,097
8.288%, 1/5/26(2)(15) EUR        100       105,992
Rogers Communications, Inc., 2.95%, 3/15/25          500       477,034
Sprint Capital Corp., 6.875%, 11/15/28        2,379     2,458,390
Sprint Spectrum Co., LLC/Sprint Spectrum Co. II, LLC/Sprint Spectrum Co. III, LLC, 5.152%, 9/20/29(1)          428       420,109
Sprint, LLC:       
7.625%, 2/15/25        1,785     1,812,541
7.625%, 3/1/26          993     1,021,293
Stagwell Global, LLC, 5.625%, 8/15/29(1)        1,173       948,629
Summer (BC) Bidco B, LLC, 5.50%, 10/31/26(1)          907       814,380
Summer (BC) Holdco A S.a.r.l., 9.25%, 10/31/27(15) EUR        135        117,192
Security Principal
Amount*
(000's omitted) 		Value
Telecommunications (continued)
Summer (BC) Holdco B S.a.r.l., 5.75%, 10/31/26(15) EUR        150 $       145,901
Telecom Italia Finance S.A., 7.75%, 1/24/33 EUR         95       106,964
Telecom Italia SpA:       
1.625%, 1/18/29(15) EUR        100        83,061
2.75%, 4/15/25(15) EUR        356       360,136
3.00%, 9/30/25(15) EUR        120       120,799
5.303%, 5/30/24(1)        1,118     1,100,300
7.875%, 7/31/28(15) EUR        100       109,766
Telefonica Europe B.V.:       
2.88% to 2/24/28(15)(16)(18) EUR        200       180,721
4.375% to 12/14/24(15)(16)(18) EUR        700       726,055
7.125% to 8/23/28(15)(16)(18) EUR        300       326,294
Viasat, Inc., 5.625%, 4/15/27(1)          476       412,930
Viavi Solutions, Inc., 3.75%, 10/1/29(1)          868       706,509
Vmed O2 UK Financing I PLC:       
3.25%, 1/31/31(15) EUR        200       173,811
4.50%, 7/15/31(15) GBP        100        95,933
Vodafone Group PLC:       
2.625% to 5/27/26, 8/27/80(15)(16) EUR        400       386,511
4.875% to 7/3/25, 10/3/78(15)(16) GBP        350       402,726
Wp/ap Telecom Holdings III B.V., 5.50%, 1/15/30(15) EUR        250       216,663
      $   26,184,070
Transportation — 0.3%
Cargo Aircraft Management, Inc., 4.75%, 2/1/28(1)        1,528 $     1,365,902
Fenix Marine Service Holdings, Ltd., 8.00%, 1/15/24          150       151,064
Penske Truck Leasing Co., L.P./PTL Finance Corp., 6.20%, 6/15/30(1)          450       443,824
Seaspan Corp., 5.50%, 8/1/29(1)        1,654     1,329,419
SMBC Aviation Capital Finance DAC, 5.45%, 5/3/28(1)          450       435,284
      $    3,725,493
Utilities — 1.2%
Calpine Corp.:       
4.50%, 2/15/28(1)        1,073 $       968,132
4.625%, 2/1/29(1)          680       570,362
5.00%, 2/1/31(1)          910       736,927
5.125%, 3/15/28(1)        1,511     1,347,182
5.25%, 6/1/26(1)          344       334,330
Leeward Renewable Energy Operations, LLC, 4.25%, 7/1/29(1)          838       689,810
NextEra Energy Operating Partners, L.P.:       
4.25%, 9/15/24(1)           60        57,666
4.50%, 9/15/27(1)        1,207      1,095,476
 
23
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Utilities (continued)
NRG Energy, Inc.:       
3.375%, 2/15/29(1)          664 $       538,061
3.625%, 2/15/31(1)        1,107       841,088
3.875%, 2/15/32(1)        1,466     1,102,234
5.25%, 6/15/29(1)          673       594,810
10.25% to 3/15/28(1)(16)(18)        1,413     1,385,325
TerraForm Power Operating, LLC, 5.00%, 1/31/28(1)        1,497     1,360,272
Vistra Operations Co., LLC:       
4.375%, 5/1/29(1)          939       808,063
5.00%, 7/31/27(1)        1,278     1,176,320
      $   13,606,058
Total Corporate Bonds
(identified cost $691,503,289) 		    $  638,669,389
    
Preferred Stocks — 0.1%
Security Shares Value
Financial Services — 0.0%
DBI Investors, Inc., Series A-1(11)(12)(13)        1,932 $             0
      $            0
Nonferrous Metals/Minerals — 0.1%
ACNR Holdings, Inc., 15.00% (PIK)(12)(13)        1,803 $       982,635
      $      982,635
Retailers (Except Food and Drug) — 0.0%
David’s Bridal, LLC:       
Series A, 8.00% (PIK)(11)(12)(13)        1,136 $             0
Series B, 10.00% (PIK)(11)(12)(13)        4,631             0
      $            0
Total Preferred Stocks
(identified cost $374,926) 		    $      982,635
    
Senior Floating-Rate Loans — 46.6%(20)
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Aerospace and Defense — 1.3%
Aernnova Aerospace S.A.U.:       
Term Loan, 6.783%, (3 mo. EURIBOR + 3.00%), 2/26/27 EUR        796 $      828,512
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Aerospace and Defense (continued)
Aernnova Aerospace S.A.U.: (continued)      
Term Loan, 6.934%, (3 mo. EURIBOR + 3.00%), 2/26/27 EUR        204 $       212,439
AI Convoy (Luxembourg) S.a.r.l., Term Loan, 7.078%, (6 mo. EURIBOR + 3.50%), 1/18/27 EUR      1,000     1,040,863
Dynasty Acquisition Co., Inc.:       
Term Loan, 9.316%, (SOFR + 4.00%), 8/24/28        1,160     1,160,051
Term Loan, 9.316%, (SOFR + 4.00%), 8/24/28          497       497,165
IAP Worldwide Services, Inc., Term Loan - Second Lien, 12.152%, (SOFR + 6.50%), 7/18/23(11)          216       166,770
TransDigm, Inc.:       
Term Loan, 8.64%, (SOFR + 3.25%), 2/22/27        1,330     1,332,735
Term Loan, 8.64%, (SOFR + 3.25%), 8/24/28        4,587     4,593,389
WP CPP Holdings, LLC, Term Loan, 9.27%, (SOFR + 3.75%), 4/30/25        6,425     6,066,312
      $   15,898,236
Airlines — 0.2%
Mileage Plus Holdings, LLC, Term Loan, 10.798%, (SOFR + 5.25%), 6/21/27          563 $       585,422
SkyMiles IP, Ltd., Term Loan, 9.076%, (SOFR + 3.75%), 10/20/27        1,658     1,721,728
      $    2,307,150
Apparel & Luxury Goods — 0.0%(14)
Hanesbrands, Inc., Term Loan, 9.066%, (SOFR + 3.75%), 3/8/30          373 $       366,595
      $      366,595
Auto Components — 1.1%
Adient US, LLC, Term Loan, 8.681%, (SOFR + 3.25%), 4/10/28          556 $       556,468
Clarios Global, L.P.:       
Term Loan, 7.108%, (1 mo. EURIBOR + 3.25%), 4/30/26 EUR        913       962,902
Term Loan, 9.066%, (SOFR + 3.75%), 5/6/30        2,611     2,611,326
DexKo Global, Inc.:       
Term Loan, 7.972%, (3 mo. EURIBOR + 4.00%), 10/4/28 EUR         96        99,533
Term Loan, 7.972%, (3 mo. EURIBOR + 4.00%), 10/4/28 EUR        309       321,683
Term Loan, 7.972%, (3 mo. EURIBOR + 4.00%), 10/4/28 EUR        595       618,589
Term Loan, 9.402%, (SOFR + 3.75%), 10/4/28          813       794,214
Garrett LX I S.a.r.l., Term Loan, 8.881%, (SOFR + 3.25%), 4/30/28          637        635,408
 
24
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Auto Components (continued)
Garrett Motion, Inc., Term Loan, 10.131%, (SOFR + 4.50%), 4/30/28        1,375 $     1,378,438
LSF12 Badger Bidco, LLC, Term Loan, 11.316%, (SOFR + 6.00%), 8/30/30          300       299,625
LTI Holdings, Inc.:       
Term Loan, 8.931%, (SOFR + 3.50%), 9/6/25        3,330     3,251,642
Term Loan, 10.181%, (SOFR + 4.75%), 7/24/26          707       691,989
RealTruck Group, Inc., Term Loan, 1/31/28(21)          675       661,500
      $   12,883,317
Automobiles — 0.2%
MajorDrive Holdings IV, LLC:       
Term Loan, 9.652%, (SOFR + 4.00%), 6/1/28          440 $       436,576
Term Loan, 11.04%, (SOFR + 5.50%), 6/1/29        1,625     1,621,187
Thor Industries, Inc., Term Loan, 8.431%, (SOFR + 3.00%), 2/1/26          313       313,858
      $    2,371,621
Beverages — 0.0%(14)
City Brewing Company, LLC, Term Loan, 9.07%, (SOFR + 3.50%), 4/5/28          636 $       422,559
      $      422,559
Biotechnology — 0.1%
Alkermes, Inc., Term Loan, 7.945%, (SOFR + 2.50%), 3/12/26        1,079 $     1,065,614
Alltech, Inc., Term Loan, 9.431%, (SOFR + 4.00%), 10/13/28          467       453,853
      $    1,519,467
Building Products — 0.3%
Janus International Group, LLC, Term Loan, 8.677%, (SOFR + 3.25%), 7/25/30          250 $       249,531
LHS Borrower, LLC, Term Loan, 10.06%, (SOFR + 4.75%), 2/16/29        1,131     1,035,929
Oscar AcquisitionCo, LLC, Term Loan, 9.99%, (SOFR + 4.50%), 4/29/29          891       882,313
Standard Industries, Inc., Term Loan, 7.938%, (SOFR + 2.50%), 9/22/28        1,105     1,106,975
      $    3,274,748
Capital Markets — 1.4%
Advisor Group, Inc., Term Loan, 9.816%, (SOFR + 4.50%), 8/17/28        1,134 $     1,135,765
Aretec Group, Inc.:       
Term Loan, 9.666%, (SOFR + 4.25%), 10/1/25        2,294      2,296,125
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Capital Markets (continued)
Aretec Group, Inc.: (continued)      
Term Loan, 9.916%, (SOFR + 4.50%), 8/9/30          723 $       719,391
Brookfield Property REIT, Inc., Term Loan, 7.892%, (SOFR + 2.50%), 8/27/25          766       760,908
CeramTec AcquiCo GmbH, Term Loan, 7.283%, (3 mo. EURIBOR + 3.50%), 3/16/29 EUR        760       795,926
Citadel Securities, L.P., Term Loan, 7.931%, (SOFR + 2.50%), 7/29/30          723       722,623
EIG Management Company, LLC, Term Loan, 9.166%, (SOFR + 3.75%), 2/22/25          260       259,875
FinCo I, LLC, Term Loan, 8.369%, (SOFR + 3.00%), 6/27/29        1,222     1,224,228
Focus Financial Partners, LLC:       
Term Loan, 8.566%, (SOFR + 3.25%), 6/30/28        3,223     3,222,992
Term Loan, 8.816%, (SOFR + 3.50%), 6/30/28          600       600,375
Franklin Square Holdings, L.P., Term Loan, 7.666%, (SOFR + 2.25%), 8/1/25          522       523,803
HighTower Holdings, LLC, Term Loan, 9.612%, (SOFR + 4.00%), 4/21/28          744       742,443
Hudson River Trading, LLC, Term Loan, 8.631%, (SOFR + 3.00%), 3/20/28        2,171     2,161,449
Mariner Wealth Advisors, LLC, Term Loan, 8.901%, (SOFR + 3.25%), 8/18/28          786       779,790
Victory Capital Holdings, Inc., Term Loan, 7.619%, (SOFR + 2.25%), 7/1/26          891       891,504
      $   16,837,197
Chemicals — 2.3%
Aruba Investments, Inc., Term Loan, 7.858%, (1 mo. EURIBOR + 4.00%), 11/24/27 EUR        975 $       987,009
Campfire Bidco Limited, Term Loan, 10.606%, (SOFR + 5.00%), 9.856% cash, 0.75% PIK, 12/31/26           75        70,744
Campfire TopCo Limited:       
Term Loan, 12.606%, (SOFR + 7.00%), 5.706% cash, 6.90% PIK, 12/31/27           36        25,299
Term Loan - Second Lien, 12.606%, (SOFR + 7.00%), 5.706% cash, 6.90% PIK, 12/31/27           48        10,082
Groupe Solmax, Inc., Term Loan, 10.30%, (SOFR + 4.75%), 5/29/28(22)          196       184,067
INEOS Enterprises Holdings II Limited:       
Term Loan, 7.033%, (3 mo. EURIBOR + 3.25%), 8/31/26 EUR        200       210,287
Term Loan, 7.783%, (3 mo. EURIBOR + 4.00%), 7/8/30 EUR        300       314,796
INEOS Enterprises Holdings US Finco, LLC, Term Loan, 9.273%, (SOFR + 3.75%), 6/23/30          475       473,219
INEOS Finance PLC, Term Loan, 7.858%, (1 mo. EURIBOR + 4.00%), 11/8/27 EUR      1,194      1,258,585
 
25
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Chemicals (continued)
INEOS Quattro Holdings UK, Ltd.:       
Term Loan, 6.608%, (1 mo. EURIBOR + 2.75%), 1/29/26 EUR      1,000 $     1,046,678
Term Loan, 9.166%, (SOFR + 3.75%), 3/14/30          424       423,408
INEOS Styrolution Group GmbH, Term Loan, 5.858%, (1 mo. EURIBOR + 2.00%), 1/29/27 EUR      1,000     1,032,405
INEOS Styrolution US Holding, LLC, Term Loan, 8.181%, (SOFR + 2.75%), 1/29/26        2,297     2,292,818
INEOS US Finance, LLC:       
Term Loan, 7.916%, (SOFR + 2.50%), 11/8/28          616       611,173
Term Loan, 8.916%, (SOFR + 3.50%), 2/18/30          773       769,197
Term Loan, 9.166%, (SOFR + 3.75%), 11/8/27        1,016     1,012,999
Kraton Corporation, Term Loan, 8.921%, (SOFR + 3.25%), 3/15/29          443       437,848
Kraton Polymers Holdings B.V., Term Loan, 6.938%, (1 mo. EURIBOR + 3.25%), 3/15/29 EUR        500       513,757
Lonza Group AG:       
Term Loan, 7.897%, (3 mo. EURIBOR + 3.93%), 7/3/28 EUR      1,000       951,129
Term Loan, 9.415%, (SOFR + 3.93%), 7/3/28        1,713     1,524,981
Messer Industries GmbH, Term Loan, 8.152%, (SOFR + 2.50%), 3/2/26        1,157     1,158,186
Momentive Performance Materials, Inc., Term Loan, 9.816%, (SOFR + 4.50%), 3/29/28          796       776,763
Nouryon Finance B.V., Term Loan, 7.949%, (1 mo. EURIBOR + 4.25%), 4/3/28 EUR        750       791,104
Olympus Water US Holding Corporation:       
Term Loan, 9.99%, (SOFR + 4.50%), 11/9/28          369       368,394
Term Loan, 10.39%, (SOFR + 5.00%), 11/9/28        2,400     2,399,400
Orion Engineered Carbons GmbH:       
Term Loan, 6.372%, (3 mo. EURIBOR + 2.40%), 9/24/28 EUR      1,000     1,051,964
Term Loan, 7.64%, (SOFR + 2.15%), 9/24/28          368       365,433
Rohm Holding GmbH:       
Term Loan, 8.472%, (6 mo. EURIBOR + 4.50%), 7/31/26 EUR        500       490,035
Term Loan, 10.881%, (SOFR + 5.00%), 7/31/26          919       865,072
SCUR-Alpha 1503 GmbH, Term Loan, 10.869%, (SOFR + 5.50%), 3/29/30          920       853,653
Starfruit Finco B.V., Term Loan, 8.427%, (SOFR + 3.00%), 10/1/25        1,330     1,332,651
Tronox Finance, LLC:       
Term Loan, 8.114%, (SOFR + 2.50%), 3/10/28(22)        1,318     1,297,435
Term Loan, 8.832%, (SOFR + 3.50%), 8/16/28          475       471,289
W.R. Grace & Co.-Conn., Term Loan, 9.402%, (SOFR + 3.75%), 9/22/28        1,105     1,101,997
      $   27,473,857
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Commercial Services & Supplies — 1.6%
Allied Universal Holdco, LLC:       
Term Loan, 7.593%, (1 mo. EURIBOR + 3.75%), 5/12/28 EUR        980 $     1,013,348
Term Loan, 9.166%, (SOFR + 3.75%), 5/12/28        2,686     2,599,600
Asplundh Tree Expert, LLC, Term Loan, 7.166%, (SOFR + 1.75%), 9/7/27        1,091     1,091,420
Belfor Holdings, Inc., Term Loan, 9.566%, (SOFR + 4.25%), 4/6/26          298       299,235
EnergySolutions, LLC, Term Loan, 9.324%, (SOFR + 4.00%), 9/22/30        4,437     4,414,950
Foundever, Term Loan, 7.61%, (1 mo. EURIBOR + 3.75%), 8/28/28 EUR        500       518,603
Harsco Corporation, Term Loan, 7.681%, (SOFR + 2.25%), 3/10/28          391       387,579
LABL, Inc., Term Loan, 10.416%, (SOFR + 5.00%), 10/29/28          712       711,624
Monitronics International, Inc., Term Loan, 13.078%, (SOFR + 7.50%), 6/30/28        1,438     1,454,331
PECF USS Intermediate Holding III Corporation, Term Loan, 9.881%, (SOFR + 4.25%), 12/15/28          639       514,526
Phoenix Services International, LLC, Term Loan, 11.416%, (SOFR + 6.10%), 6/30/28          204       190,618
Prime Security Services Borrower, LLC, Term Loan, 8.192%, (SOFR + 2.75%), 9/23/26        1,506     1,505,389
SITEL Worldwide Corporation, Term Loan, 9.181%, (SOFR + 3.75%), 8/28/28        1,862     1,814,674
Tempo Acquisition, LLC, Term Loan, 8.066%, (SOFR + 3.00%), 8/31/28          826       827,179
TMF Group Holding B.V.:       
Term Loan, 8.161%, (2 mo. EURIBOR + 4.50%), 5/3/28 EUR      1,000     1,060,266
Term Loan, 10.37%, (SOFR + 5.00%), 5/3/28          375       376,406
      $   18,779,748
Communications Equipment — 0.2%
CommScope, Inc., Term Loan, 8.568%, (SOFR + 3.25%), 4/6/26        1,752 $     1,604,540
Digi International, Inc., Term Loan, 10.431%, (SOFR + 5.00%), 11/1/28          336       335,696
      $    1,940,236
Construction Materials — 0.4%
Quikrete Holdings, Inc.:       
Term Loan, 8.056%, (SOFR + 2.63%), 2/1/27        2,892 $     2,891,587
Term Loan, 8.181%, (SOFR + 2.75%), 3/19/29        2,142     2,144,607
      $    5,036,194
 
26
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Consumer Staples Distribution & Retail — 0.1%
Cardenas Markets, Inc., Term Loan, 12.24%, (SOFR + 6.75%), 8/1/29          398 $       398,197
Peer Holding III B.V., Term Loan, 7.722%, (3 mo. EURIBOR + 3.75%), 9/29/28 EUR        500       528,790
      $      926,987
Containers & Packaging — 0.8%
Berlin Packaging, LLC, Term Loan, 9.204%, (SOFR + 3.75%), 3/11/28(22)        1,225 $     1,214,062
Clydesdale Acquisition Holdings, Inc., Term Loan, 9.591%, (SOFR + 4.18%), 4/13/29          568       560,797
Kouti B.V., Term Loan, 7.458%, (3 mo. EURIBOR + 3.68%), 8/31/28 EUR      2,000     2,079,082
Pregis TopCo Corporation, Term Loan, 9.066%, (SOFR + 3.75%), 7/31/26          626       625,674
Pretium PKG Holdings, Inc.:       
Term Loan, 9.509%, (SOFR + 4.00%), 10/2/28(22)          614       379,491
Term Loan - Second Lien, 12.236%, (SOFR + 6.75%), 10/1/29(22)          350       112,583
Proampac PG Borrower, LLC, Term Loan, 9.305%, (SOFR + 3.75%), 11/3/25          562       559,561
Reynolds Group Holdings, Inc.:       
Term Loan, 8.681%, (SOFR + 3.25%), 2/5/26          782       781,931
Term Loan, 8.681%, (SOFR + 3.25%), 9/24/28          955       955,500
Trident TPI Holdings, Inc.:       
Term Loan, 9.652%, (SOFR + 4.00%), 9/15/28          785       782,969
Term Loan, 9.89%, (SOFR + 4.50%), 9/15/28        1,328     1,328,233
      $    9,379,883
Distributors — 0.1%
Autokiniton US Holdings, Inc., Term Loan, 9.931%, (SOFR + 4.50%), 4/6/28          513 $       503,565
Phillips Feed Service, Inc., Term Loan, 12.32%, (SOFR + 7.00%), 11/13/24(11)          106        84,587
Winterfell Financing S.a.r.l., Term Loan, 8.765%, (3 mo. EURIBOR + 5.00%), 5/4/28 EUR        500       524,495
      $    1,112,647
Diversified Consumer Services — 0.3%
Ascend Learning, LLC, Term Loan, 8.916%, (SOFR + 3.50%), 12/11/28          639 $       609,887
Fugue Finance B.V., Term Loan, 1/31/28(21) EUR      1,000     1,061,215
KUEHG Corp., Term Loan, 10.39%, (SOFR + 5.00%), 6/12/30        1,300      1,303,900
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Diversified Consumer Services (continued)
Sotheby's, Term Loan, 10.07%, (SOFR + 4.50%), 1/15/27          813 $       794,603
Spring Education Group, Inc., Term Loan, 9/29/30(21)          350       345,625
      $    4,115,230
Diversified Financial Services — 0.3%
Concorde Midco, Ltd., Term Loan, 7.892%, (6 mo. EURIBOR + 4.00%), 3/1/28 EUR      1,000 $     1,054,277
Sandy BidCo B.V., Term Loan, 7.338%, (3 mo. EURIBOR + 3.75%), 8/17/29 EUR      1,000     1,050,211
Zephyr Bidco Limited, Term Loan, 9.968%, (SONIA + 4.75%), 7/23/25 GBP        775       938,091
      $    3,042,579
Diversified Telecommunication Services — 1.5%
Altice France S.A., Term Loan, 10.808%, (SOFR + 5.50%), 8/15/28        1,074 $       974,703
CenturyLink, Inc., Term Loan, 7.681%, (SOFR + 2.25%), 3/15/27        2,504     1,789,877
eircom Finco S.a.r.l., Term Loan, 6.92%, (1 mo. EURIBOR + 3.25%), 5/15/26 EUR      1,786     1,882,783
GEE Holdings 2, LLC:       
Term Loan, 13.50%, (SOFR + 8.00%), 3/24/25          329       322,237
Term Loan - Second Lien, 13.75%, (SOFR + 8.25%), 3/23/26          741       444,656
Telenet International Finance S.a.r.l., Term Loan, 5.925%, (1 mo. EURIBOR + 2.25%), 4/30/29 EUR      1,750     1,823,073
UPC Broadband Holding B.V.:       
Term Loan, 6.175%, (1 mo. EURIBOR + 2.50%), 4/30/29 EUR      1,500     1,569,025
Term Loan, 6.60%, (1 mo. EURIBOR + 2.93%), 1/31/29 EUR      3,000     3,139,256
Virgin Media Bristol, LLC, Term Loan, 8.697%, (SOFR + 3.25%), 1/31/29        1,150     1,125,832
Virgin Media Ireland Limited, Term Loan, 7.138%, (1 mo. EURIBOR + 3.46%), 7/15/29 EUR      1,000     1,048,219
Virgin Media SFA Finance Limited:       
Term Loan, 6.175%, (1 mo. EURIBOR + 2.50%), 1/31/29 EUR        600       618,491
Term Loan, 8.468%, (SONIA + 3.25%), 11/15/27 GBP      1,500     1,809,052
Zayo Group Holdings, Inc., Term Loan, 7.108%, (1 mo. EURIBOR + 3.25%), 3/9/27 EUR        965       779,942
      $   17,327,146
 
27
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Electrical Equipment — 0.0%(14)
AZZ, Inc., Term Loan, 9.066%, (SOFR + 3.75%), 5/13/29          357 $       357,925
      $      357,925
Electronic Equipment, Instruments & Components — 0.7%
Chamberlain Group, Inc., Term Loan, 8.661%, (SOFR + 3.25%), 11/3/28        1,523 $     1,503,046
Creation Technologies, Inc., Term Loan, 11.03%, (SOFR + 5.50%), 10/5/28          963       914,672
II-VI Incorporated, Term Loan, 8.181%, (SOFR + 2.75%), 7/2/29          914       914,723
Minimax Viking GmbH, Term Loan, 6.608%, (1 mo. EURIBOR + 2.75%), 7/31/25 EUR        940       997,647
Mirion Technologies, Inc., Term Loan, 8.402%, (SOFR + 2.75%), 10/20/28          586       586,195
Robertshaw US Holding Corp.:       
Term Loan, 13.49%, (SOFR + 8.00%), 8.49% cash, 5.00% PIK, 2/28/27          235       237,360
Term Loan - Second Lien, 12.40%, (SOFR + 7.00%), 2/28/27          993       868,448
Verifone Systems, Inc., Term Loan, 9.653%, (SOFR + 4.00%), 8/20/25        1,216     1,133,943
Verisure Holding AB, Term Loan, 6.972%, (3 mo. EURIBOR + 3.00%), 3/27/28 EUR      1,000     1,048,254
      $    8,204,288
Energy Equipment & Services — 0.1%
Ameriforge Group, Inc.:       
Term Loan, 16.713%, (SOFR + 13.00%), 12/29/23(11)(23)          110 $        88,151
Term Loan, 18.444%, (SOFR + 13.00%), 13.444% cash, 5.00% PIK, 12/29/23(11)          867       691,695
GIP Pilot Acquisition Partners L.P., Term Loan, 9/18/30(21)          475       474,406
Lealand Finance Company B.V., Term Loan, 12.431%, (SOFR + 7.00%), 9.431% cash, 3.00% PIK, 6/30/25          233       122,169
      $    1,376,421
Engineering & Construction — 0.2%
Aegion Corporation, Term Loan, 10.181%, (SOFR + 4.75%), 5/17/28          466 $       464,182
American Residential Services, LLC, Term Loan, 9.152%, (SOFR + 3.50%), 10/15/27          559        558,489
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Engineering & Construction (continued)
APi Group DE, Inc., Term Loan, 7.931%, (SOFR + 2.50%), 10/1/26        1,305 $     1,309,442
Northstar Group Services, Inc., Term Loan, 10.931%, (SOFR + 5.50%), 11/12/26          213       213,920
      $    2,546,033
Entertainment — 0.7%
City Football Group Limited, Term Loan, 8.439%, (SOFR + 3.00%), 7/21/28        1,351 $     1,348,405
Crown Finance US, Inc., Term Loan, 14.381%, (SOFR + 8.50%), 7/31/28          274       281,148
EP Purchaser, LLC, Term Loan, 9.152%, (SOFR + 3.50%), 11/6/28          419       413,915
Playtika Holding Corp., Term Loan, 8.181%, (SOFR + 2.75%), 3/13/28        2,165     2,165,075
Renaissance Holding Corp.:       
Term Loan, 10.066%, (SOFR + 4.75%), 4/5/30          950       943,865
Term Loan - Second Lien, 12.416%, (SOFR + 7.00%), 5/29/26            9         8,991
UFC Holdings, LLC, Term Loan, 8.369%, (SOFR + 2.75%), 4/29/26        2,744     2,744,683
Vue International Bidco PLC:       
Term Loan, 11.086%, (6 mo. EURIBOR + 8.00%), 6/30/27 EUR        121       124,976
Term Loan, 11.859%, (6 mo. EURIBOR + 8.00%), 5.359% cash, 6.50% PIK, 12/31/27 EUR        817       413,336
      $    8,444,394
Equity Real Estate Investment Trusts (REITs) — 0.1%
Iron Mountain, Inc., Term Loan, 7.181%, (SOFR + 1.75%), 1/2/26          874 $       873,579
      $      873,579
Financial Services — 0.5%
Ditech Holding Corporation, Term Loan, 0.00%, 6/30/24(19)        2,173 $       239,052
GTCR W Merger Sub, LLC:       
Term Loan, 9/20/30(21)        2,875     2,876,127
Term Loan, 9/20/30(21) EUR      1,500     1,591,492
NCR Atleos, LLC, Term Loan, 3/27/29(21)        1,300     1,253,688
      $    5,960,359
Food & Staples Retailing — 0.1%
US Foods, Inc., Term Loan, 7.431%, (SOFR + 2.00%), 9/13/26        1,288 $     1,289,841
      $    1,289,841
 
28
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Food Products — 1.2%
8th Avenue Food & Provisions, Inc., Term Loan, 10.181%, (SOFR + 4.75%), 10/1/25          588 $       565,950
Badger Buyer Corp., Term Loan, 8.931%, (SOFR + 3.50%), 9/30/24          376       318,660
CHG PPC Parent, LLC:       
Term Loan, 8.358%, (1 mo. EURIBOR + 4.50%), 12/8/28 EUR      2,000     2,114,500
Term Loan, 8.431%, (SOFR + 3.00%), 12/8/28          468       465,797
Del Monte Foods, Inc., Term Loan, 9.674%, (SOFR + 4.25%), 5/16/29          447       435,041
Froneri International, Ltd.:       
Term Loan, 6.097%, (6 mo. EURIBOR + 2.13%), 1/29/27 EUR      1,275     1,328,255
Term Loan, 7.666%, (SOFR + 2.25%), 1/29/27        2,129     2,117,011
Monogram Food Solutions, LLC, Term Loan, 9.431%, (SOFR + 4.00%), 8/28/28          540       532,945
Nomad Foods Europe Midco Limited, Term Loan, 6.445%, (6 mo. EURIBOR + 2.50%), 6/24/28 EUR      3,000     3,185,909
Shearer's Foods, Inc., Term Loan, 8.931%, (SOFR + 3.50%), 9/23/27          388       388,108
Sovos Brands Intermediate, Inc., Term Loan, 9.131%, (SOFR + 3.50%), 6/8/28          497       498,156
United Petfood Group B.V., Term Loan, 6.466%, (3 mo. EURIBOR + 2.75%), 4/23/28 EUR        750       780,383
Valeo F1 Company Limited (Ireland), Term Loan, 8.136%, (6 mo. EURIBOR + 4.00%), 9/29/28 EUR      1,000       961,040
      $   13,691,755
Health Care Equipment & Supplies — 0.4%
Artivion, Inc., Term Loan, 8.931%, (SOFR + 3.50%), 6/1/27          518 $       504,443
Bayou Intermediate II, LLC, Term Loan, 9.966%, (SOFR + 4.50%), 8/2/28          737       718,453
Gloves Buyer, Inc., Term Loan, 10.431%, (SOFR + 5.00%), 12/29/27          625       602,344
Journey Personal Care Corp., Term Loan, 9.981%, (6 mo. USD LIBOR + 4.25%), 3/1/28        1,521     1,436,689
Medline Borrower, L.P., Term Loan, 7.358%, (1 mo. EURIBOR + 3.50%), 10/23/28 EUR      1,000     1,055,048
      $    4,316,977
Health Care Providers & Services — 3.1%
AEA International Holdings (Lux) S.a.r.l., Term Loan, 9.402%, (SOFR + 3.75%), 9/7/28        1,056 $     1,054,207
Biogroup-LCD, Term Loan, 6.754%, (3 mo. EURIBOR + 3.00%), 2/9/28 EUR        750       765,020
BW NHHC Holdco, Inc., Term Loan - Second Lien, 13.39%, (SOFR + 8.00%), 1/15/26        3,729      3,187,881
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Health Care Providers & Services (continued)
CCRR Parent, Inc., Term Loan, 9.181%, (SOFR + 3.75%), 3/6/28          512 $      489,832
Cerba Healthcare S.A.S., Term Loan, 7.558%, (1 mo. EURIBOR + 3.70%), 6/30/28 EUR      1,250     1,278,521
CHG Healthcare Services, Inc.:       
Term Loan, 8.681%, (SOFR + 3.25%), 9/29/28        1,078     1,074,631
Term Loan, 9/29/28(21)          400       400,417
CNT Holdings I Corp., Term Loan, 8.80%, (SOFR + 3.50%), 11/8/27          683       681,525
Covis Finco S.a.r.l., Term Loan, 12.04%, (SOFR + 6.50%), 2/18/27          690       497,613
Dedalus Finance GmbH, Term Loan, 7.712%, (6 mo. EURIBOR + 3.75%), 7/17/27 EUR        500       513,262
Electron BidCo, Inc., Term Loan, 8.431%, (SOFR + 3.00%), 11/1/28          788       785,960
Elsan S.A.S., Term Loan, 7.39%, (6 mo. EURIBOR + 3.35%), 6/16/28 EUR      1,500     1,565,308
Ensemble RCM, LLC, Term Loan, 9.219%, (SOFR + 3.75%), 8/3/26        1,654     1,658,175
Envision Healthcare Corporation:       
Term Loan, 0.00%, 3/31/27(19)        1,023     1,225,507
Term Loan - Second Lien, 0.00%, 3/31/27(19)        7,224     1,679,472
IVC Acquisition, Ltd., Term Loan, 9.204%, (SONIA + 4.50%), 2/13/26 GBP      1,000     1,213,237
LSCS Holdings, Inc., Term Loan, 9.931%, (SOFR + 4.61%), 12/16/28          712       702,964
Medical Solutions Holdings, Inc., Term Loan, 8.773%, (SOFR + 3.25%), 11/1/28        1,454     1,411,150
Mehilainen Yhtiot Oy, Term Loan, 7.497%, (3 mo. EURIBOR + 3.53%), 8/8/25 EUR      1,000     1,058,158
Midwest Physician Administrative Services, LLC, Term Loan, 8.902%, (SOFR + 3.25%), 3/12/28          463       435,999
National Mentor Holdings, Inc.:       
Term Loan, 9.181%, (SOFR + 3.75%), 3/2/28(22)        2,031     1,833,473
Term Loan, 9.24%, (SOFR + 3.75%), 3/2/28           58        52,648
Option Care Health, Inc., Term Loan, 8.181%, (SOFR + 2.75%), 10/27/28          418       419,128
Pacific Dental Services, LLC, Term Loan, 8.933%, (SOFR + 3.50%), 5/5/28          689       688,320
Phoenix Guarantor, Inc.:       
Term Loan, 8.681%, (SOFR + 3.25%), 3/5/26        1,867     1,858,488
Term Loan, 8.931%, (SOFR + 3.50%), 3/5/26        1,291     1,284,313
Radiology Partners, Inc., Term Loan, 10.179%, (SOFR + 4.25%), 7/9/25        1,194       906,134
Radnet Management, Inc., Term Loan, 8.431%, (SOFR + 3.00%), 4/21/28        1,002     1,001,781
Ramsay Generale de Sante S.A., Term Loan, 6.648%, (3 mo. EURIBOR + 2.95%), 4/22/27 EUR        500        530,182
 
29
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Health Care Providers & Services (continued)
Select Medical Corporation, Term Loan, 8.316%, (SOFR + 3.00%), 3/6/27        2,961 $     2,961,773
Sound Inpatient Physicians, Term Loan, 8.631%, (SOFR + 3.00%), 6/27/25          474       225,031
Surgery Center Holdings, Inc., Term Loan, 9.189%, (SOFR + 3.75%), 8/31/26          943       944,364
Synlab Bondco PLC, Term Loan, 6.392%, (6 mo. EURIBOR + 2.50%), 7/1/27 EUR        500       528,460
U.S. Anesthesia Partners, Inc., Term Loan, 9.694%, (SOFR + 4.25%), 10/1/28        1,493     1,375,117
      $   36,288,051
Health Care Technology — 0.5%
Imprivata, Inc., Term Loan, 9.566%, (SOFR + 4.25%), 12/1/27          222 $       223,021
MedAssets Software Intermediate Holdings, Inc., Term Loan, 9.431%, (SOFR + 4.00%), 12/18/28        1,084       883,052
Navicure, Inc., Term Loan, 9.431%, (SOFR + 4.00%), 10/22/26        1,645     1,649,230
Project Ruby Ultimate Parent Corp., Term Loan, 8.681%, (SOFR + 3.25%), 3/10/28        1,024     1,012,489
Verscend Holding Corp., Term Loan, 9.431%, (SOFR + 4.00%), 8/27/25        2,185     2,188,103
      $    5,955,895
Hotels, Restaurants & Leisure — 1.8%
Bally's Corporation, Term Loan, 8.838%, (SOFR + 3.25%), 10/2/28        1,154 $     1,133,958
Carnival Corporation:       
Term Loan, 7.608%, (1 mo. EURIBOR + 3.75%), 6/30/25 EUR      1,466     1,556,218
Term Loan, 8.681%, (SOFR + 3.25%), 10/18/28        2,653     2,643,630
ClubCorp Holdings, Inc., Term Loan, 8.181%, (SOFR + 2.75%), 9/18/24        1,880     1,854,934
Fertitta Entertainment, LLC, Term Loan, 9.316%, (SOFR + 4.00%), 1/27/29        4,149     4,115,481
Four Seasons Hotels Limited, Term Loan, 7.916%, (SOFR + 2.50%), 11/30/29        1,014     1,016,901
GVC Holdings (Gibraltar) Limited, Term Loan, 7.722%, (3 mo. EURIBOR + 3.75%), 6/30/28 EUR      1,850     1,955,388
IRB Holding Corp., Term Loan, 8.416%, (SOFR + 3.00%), 12/15/27          295       294,698
Ontario Gaming GTA L.P., Term Loan, 9.64%, (SOFR + 4.25%), 8/1/30          400       400,781
Oravel Stays Singapore Pte., Ltd., Term Loan, 13.908%, (SOFR + 8.25%), 6/23/26          538       465,046
Playa Resorts Holding B.V., Term Loan, 9.581%, (SOFR + 4.25%), 1/5/29        1,315      1,316,930
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Hotels, Restaurants & Leisure (continued)
Scientific Games Holdings, L.P., Term Loan, 7.587%, (3 mo. EURIBOR + 4.00%), 4/4/29 EUR      1,000 $     1,054,387
SeaWorld Parks & Entertainment, Inc., Term Loan, 8.431%, (SOFR + 3.00%), 8/25/28          882       881,265
SMG US Midco 2, Inc., Term Loan, 8.131%, (SOFR + 2.50%), 1/23/25          236       236,562
Stars Group Holdings B.V. (The), Term Loan, 7.902%, (SOFR + 2.25%), 7/21/26        2,229     2,231,047
Wyndham Hotels & Resorts, Inc., Term Loan, 7.666%, (SOFR + 2.25%), 5/24/30          773       774,926
      $   21,932,152
Household Durables — 1.3%
ACProducts, Inc., Term Loan, 9.902%, (SOFR + 4.25%), 5/17/28        1,735 $     1,439,234
Libbey Glass, Inc., Term Loan, 11.924%, (SOFR + 3.75%), 11/22/27        9,654     9,219,929
Serta Simmons Bedding, LLC, Term Loan, 12.90%, (SOFR + 7.50%), 6/29/28        3,630     3,635,229
Solis IV B.V., Term Loan, 7.826%, (3 mo. EURIBOR + 4.00%), 2/26/29 EUR      1,000     1,033,021
      $   15,327,413
Household Products — 0.1%
Kronos Acquisition Holdings, Inc., Term Loan, 11.567%, (SOFR + 6.00%), 12/22/26          393 $       393,491
Nobel Bidco B.V., Term Loan, 7.27%, (6 mo. EURIBOR + 3.50%), 9/1/28 EUR      1,000     1,020,436
      $    1,413,927
Industrial Conglomerates — 0.1%
Ammeraal Beltech Holding B.V., Term Loan, 8.972%, (3 mo. EURIBOR + 5.00%), 12/30/28 EUR        500 $       527,469
Rain Carbon GmbH, Term Loan, 8.787%, (3 mo. EURIBOR + 5.00%), 10/31/28 EUR      1,025     1,074,199
      $    1,601,668
Insurance — 1.7%
Alliant Holdings Intermediate, LLC, Term Loan, 8.831%, (SOFR + 3.50%), 11/5/27        1,505 $     1,504,278
AmWINS Group, Inc.:       
Term Loan, 7.681%, (SOFR + 2.25%), 2/19/28        3,768     3,748,470
Term Loan, 8.181%, (SOFR + 2.75%), 2/19/28          670       670,655
AssuredPartners, Inc., Term Loan, 8.931%, (SOFR + 3.50%), 2/12/27          168       168,362
Financiere CEP S.A.S., Term Loan, 7.722%, (3 mo. EURIBOR + 3.75%), 6/18/27 EUR        750        790,675
 
30
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Insurance (continued)
HUB International Limited, Term Loan, 9.584%, (SOFR + 4.25%), 6/20/30        5,353 $     5,375,586
NFP Corp., Term Loan, 8.681%, (SOFR + 3.25%), 2/16/27        3,075     3,042,049
Ryan Specialty Group, LLC, Term Loan, 8.416%, (SOFR + 3.00%), 9/1/27        1,673     1,676,561
USI, Inc., Term Loan, 9.14%, (SOFR + 3.75%), 11/22/29        3,057     3,059,012
      $   20,035,648
Interactive Media & Services — 0.3%
Adevinta ASA:       
Term Loan, 6.472%, (3 mo. EURIBOR + 2.50%), 6/26/28 EUR      1,367 $     1,447,621
Term Loan, 8.322%, (SOFR + 2.75%), 6/26/28          168       168,260
Buzz Finco, LLC:       
Term Loan, 8.166%, (SOFR + 2.75%), 1/29/27          555       554,528
Term Loan, 8.666%, (SOFR + 3.25%), 1/29/27           60        60,314
Foundational Education Group, Inc., Term Loan, 9.881%, (SOFR + 4.25%), 8/31/28          540       513,356
Getty Images, Inc., Term Loan, 9.99%, (SOFR + 4.50%), 2/19/26          676       679,037
Match Group, Inc., Term Loan, 7.298%, (SOFR + 1.75%), 2/13/27          675       673,312
      $    4,096,428
IT Services — 1.8%
Asurion, LLC:       
Term Loan, 8.681%, (SOFR + 3.25%), 12/23/26        3,073 $     3,021,669
Term Loan, 8.681%, (SOFR + 3.25%), 7/31/27        1,082     1,053,925
Term Loan, 9.416%, (SOFR + 4.00%), 8/19/28        1,005       975,852
Term Loan - Second Lien, 10.681%, (SOFR + 5.25%), 1/31/28        1,350     1,215,844
Cyxtera DC Holdings, Inc.:       
DIP Loan, 13.942%, (SOFR + 8.61%), 12/7/23          248       250,521
Term Loan, 0.00%, 5/1/24(19)          895       526,592
Endure Digital, Inc., Term Loan, 8.792%, (SOFR + 3.50%), 2/10/28        2,737     2,666,295
Gainwell Acquisition Corp., Term Loan, 9.49%, (SOFR + 4.00%), 10/1/27        3,064     2,995,283
Indy US Bidco, LLC, Term Loan, 7.608%, (1 mo. EURIBOR + 3.75%), 3/6/28 EUR        731       748,911
Informatica, LLC, Term Loan, 8.181%, (SOFR + 2.75%), 10/27/28        2,635     2,631,992
NAB Holdings, LLC, Term Loan, 8.54%, (SOFR + 3.00%), 11/23/28        1,105      1,103,536
Borrower/Description Principal
Amount*
(000's omitted) 		Value
IT Services (continued)
Rackspace Technology Global, Inc., Term Loan, 8.194%, (SOFR + 2.75%), 2/15/28        1,316 $       606,874
Sedgwick Claims Management Services, Inc., Term Loan, 9.066%, (SOFR + 3.75%), 2/24/28        1,218     1,216,548
Skopima Merger Sub, Inc., Term Loan, 9.431%, (SOFR + 4.00%), 5/12/28        1,470     1,433,488
team.blue Finco S.a.r.l., Term Loan, 7.058%, (1 mo. EURIBOR + 3.20%), 3/30/28 EUR      1,000     1,035,577
      $   21,482,907
Leisure Products — 0.3%
Accell Group N.V., Term Loan, 8.653%, (3 mo. EURIBOR + 4.90%), 6/14/29 EUR        500 $       481,049
Amer Sports Oyj, Term Loan, 7.648%, (6 mo. EURIBOR + 4.00%), 3/30/26 EUR      1,550     1,635,519
Fender Musical Instruments Corporation, Term Loan, 9.424%, (SOFR + 4.00%), 12/1/28          320       312,475
Recess Holdings, Inc., Term Loan, 9.383%, (SOFR + 4.00%), 3/17/27          600       600,000
      $    3,029,043
Life Sciences Tools & Services — 0.6%
Avantor Funding, Inc., Term Loan, 6.358%, (1 mo. EURIBOR + 2.50%), 6/12/28 EUR        978 $     1,034,207
Catalent Pharma Solutions, Inc., Term Loan, 7.438%, (SOFR + 2.00%), 2/22/28          814       798,878
Curia Global, Inc., Term Loan, 9.219%, (SOFR + 3.75%), 8/30/26          243       202,425
IQVIA, Inc., Term Loan, 7.402%, (SOFR + 1.75%), 1/17/25        1,363     1,366,796
LGC Group Holdings, Ltd., Term Loan, 7.108%, (1 mo. EURIBOR + 3.25%), 4/21/27 EUR      1,000     1,038,252
Loire Finco Luxembourg S.a.r.l., Term Loan, 8.916%, (SOFR + 3.50%), 4/21/27          339       334,976
Packaging Coordinators Midco, Inc., Term Loan, 9.152%, (SOFR + 3.50%), 11/30/27        1,342     1,338,617
Star Parent, Inc., Term Loan, 9/19/30(21)        1,375     1,346,179
      $    7,460,330
Machinery — 2.6%
Albion Financing 3 S.a.r.l.:       
Term Loan, 10.857%, (SOFR + 5.25%), 8/17/26        1,523 $     1,527,317
Term Loan, 10.883%, (SOFR + 5.50%), 8/17/26          299       299,246
Alliance Laundry Systems, LLC, Term Loan, 8.901%, (SOFR + 3.50%), 10/8/27        1,038     1,039,259
American Trailer World Corp., Term Loan, 9.166%, (SOFR + 3.75%), 3/3/28          612        589,682
 
31
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Machinery (continued)
Apex Tool Group, LLC, Term Loan, 10.674%, (SOFR + 5.25%), 2/8/29        3,321 $     3,046,679
Barnes Group, Inc., Term Loan, 8.416%, (SOFR + 3.00%), 9/3/30          500       501,340
Conair Holdings, LLC, Term Loan, 9.402%, (SOFR + 3.75%), 5/17/28        1,519     1,456,341
CPM Holdings, Inc., Term Loan, 9.90%, (SOFR + 4.50%), 9/22/28          302       301,987
Delachaux Group S.A., Term Loan, 9.869%, (SOFR + 4.50%), 4/16/26          333       327,651
EMRLD Borrower L.P., Term Loan, 8.316%, (SOFR + 3.00%), 5/31/30        1,075     1,074,832
Engineered Machinery Holdings, Inc.:       
Term Loan, 7.722%, (3 mo. EURIBOR + 3.75%), 5/21/28 EUR        980     1,033,838
Term Loan, 9.152%, (SOFR + 3.50%), 5/19/28        2,325     2,315,606
Filtration Group Corporation:       
Term Loan, 8.108%, (1 mo. EURIBOR + 4.25%), 10/21/28 EUR      1,340     1,411,395
Term Loan, 8.931%, (SOFR + 3.50%), 10/21/28          735       733,239
Gates Global, LLC, Term Loan, 7.816%, (SOFR + 2.50%), 3/31/27        3,909     3,905,010
Icebox Holdco III, Inc., Term Loan, 9.402%, (SOFR + 3.75%), 12/22/28          838       835,009
INNIO Group Holding GmbH, Term Loan, 6.339%, (6 mo. EURIBOR + 3.00%), 10/31/25 EUR        750       791,663
Roper Industrial Products Investment Company, LLC:       
Term Loan, 8.972%, (3 mo. EURIBOR + 5.25%), 11/22/29 EUR        498       525,160
Term Loan, 9.89%, (SOFR + 4.50%), 11/22/29          597       598,972
SPX Flow, Inc., Term Loan, 9.916%, (SOFR + 4.50%), 4/5/29        1,176     1,175,948
Titan Acquisition Limited, Term Loan, 8.652%, (SOFR + 3.00%), 3/28/25        3,000     2,978,116
TK Elevator Topco GmbH, Term Loan, 7.597%, (6 mo. EURIBOR + 3.63%), 7/30/27 EUR      1,500     1,581,712
Vertical US Newco, Inc., Term Loan, 9.381%, (SOFR + 3.50%), 7/30/27        1,189     1,187,512
Zephyr German BidCo GmbH, Term Loan, 7.462%, (3 mo. EURIBOR + 3.85%), 3/10/28 EUR      1,500     1,559,539
      $   30,797,053
Media — 1.1%
Axel Springer SE, Term Loan, 8.684%, (3 mo. EURIBOR + 4.75%), 12/18/26 EUR      1,000 $     1,058,572
Gray Television, Inc.:       
Term Loan, 7.944%, (SOFR + 2.50%), 1/2/26          637       634,179
Term Loan, 8.444%, (SOFR + 3.00%), 12/1/28          933        911,207
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Media (continued)
Hubbard Radio, LLC, Term Loan, 9.69%, (SOFR + 4.25%), 3/28/25          616 $       560,504
iHeartCommunications, Inc., Term Loan, 8.431%, (SOFR + 3.00%), 5/1/26          444       399,788
Magnite, Inc., Term Loan, 10.532%, (SOFR + 5.00%), 4/28/28(22)          635       638,949
MJH Healthcare Holdings, LLC, Term Loan, 8.916%, (SOFR + 3.50%), 1/28/29          271       270,367
Nexstar Broadcasting, Inc., Term Loan, 7.931%, (SOFR + 2.50%), 9/18/26          267       267,409
Recorded Books, Inc., Term Loan, 9.316%, (SOFR + 4.00%), 8/29/25          954       954,783
Sinclair Television Group, Inc.:       
Term Loan, 7.931%, (SOFR + 2.50%), 9/30/26          624       543,469
Term Loan, 8.431%, (SOFR + 3.00%), 4/1/28          403       287,820
Univision Communications, Inc., Term Loan, 8.681%, (SOFR + 3.25%), 3/15/26        6,768     6,763,471
      $   13,290,518
Metals/Mining — 0.4%
Arsenal AIC Parent, LLC, Term Loan, 9.879%, (SOFR + 4.50%), 8/18/30          750 $       749,812
Dynacast International, LLC:       
Term Loan, 10.017%, (SOFR + 4.50%), 7/22/25        1,042       974,589
Term Loan, 14.517%, (SOFR + 9.00%), 10/22/25          402       309,792
PMHC II, Inc., Term Loan, 9.699%, (SOFR + 4.25%), 4/23/29          995       944,121
WireCo WorldGroup, Inc., Term Loan, 9.695%, (SOFR + 4.25%), 11/13/28          446       446,482
Zekelman Industries, Inc., Term Loan, 7.445%, (SOFR + 2.00%), 1/24/27        1,099     1,099,884
      $    4,524,680
Oil, Gas & Consumable Fuels — 0.5%
Freeport LNG Investments, LLP, Term Loan, 9.088%, (SOFR + 3.50%), 12/21/28          660 $       654,674
Matador Bidco S.a.r.l., Term Loan, 9.916%, (SOFR + 4.50%), 10/15/26        1,529     1,537,803
Oryx Midstream Services Permian Basin, LLC, Term Loan, 8.692%, (SOFR + 3.25%), 10/5/28        1,026     1,027,624
Oxbow Carbon, LLC, Term Loan, 9.453%, (SOFR + 4.00%), 5/10/30(22)          524       523,360
QuarterNorth Energy Holding, Inc., Term Loan - Second Lien, 13.431%, (SOFR + 8.00%), 8/27/26          782       780,344
UGI Energy Services, LLC, Term Loan, 8.666%, (SOFR + 3.25%), 2/22/30        1,476     1,476,747
      $    6,000,552
 
32
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Personal Products — 0.2%
HLF Financing S.a.r.l., Term Loan, 7.931%, (SOFR + 2.50%), 8/18/25          957 $       953,496
Rainbow Finco S.a.r.l., Term Loan, 7.701%, (6 mo. EURIBOR + 3.75%), 2/23/29 EUR      1,000     1,049,321
Sunshine Luxembourg VII S.a.r.l.:       
Term Loan, 7.472%, (3 mo. EURIBOR + 3.50%), 10/1/26 EUR        550       580,478
Term Loan, 9.24%, (SOFR + 3.75%), 10/1/26          195       194,973
      $    2,778,268
Pharmaceuticals — 1.3%
Aenova Holding GmbH, Term Loan, 8.205%, (3 mo. EURIBOR + 4.50%), 3/6/26 EUR      1,000 $     1,057,470
AI Sirona (Luxembourg) Acquisition S.a.r.l., Term Loan, 8.858%, (1 mo. EURIBOR + 5.00%), 9/30/28 EUR      1,000     1,057,421
Bausch Health Companies, Inc., Term Loan, 10.674%, (SOFR + 5.25%), 2/1/27        2,939     2,398,049
Horizon Therapeutics USA, Inc.:       
Term Loan, 7.184%, (SOFR + 1.75%), 3/15/28        1,901     1,901,963
Term Loan, 7.434%, (SOFR + 2.00%), 5/22/26          654       654,692
Jazz Financing Lux S.a.r.l., Term Loan, 8.931%, (SOFR + 3.50%), 5/5/28        1,431     1,432,273
Mallinckrodt International Finance S.A.:       
DIP Loan, 13.441%, (SOFR + 8.00%), 8/28/24          348       361,513
Term Loan, 12.689%, (SOFR + 7.25%), 9/30/27        3,297     2,469,104
Term Loan, 12.939%, (SOFR + 7.50%), 9/30/27        1,890     1,423,082
PharmaZell GmbH, Term Loan, 7.972%, (3 mo. EURIBOR + 4.00%), 5/12/27 EUR      1,000     1,032,140
Recipharm AB, Term Loan, 6.737%, (3 mo. EURIBOR + 2.95%), 2/17/28 EUR      1,000     1,029,056
      $   14,816,763
Professional Services — 1.8%
AlixPartners, LLP:       
Term Loan, 6.972%, (3 mo. EURIBOR + 3.00%), 2/4/28 EUR        975 $     1,025,879
Term Loan, 8.181%, (SOFR + 2.75%), 2/4/28        1,938     1,938,909
APFS Staffing Holdings, Inc., Term Loan, 9.316%, (SOFR + 4.00%), 12/29/28          271       267,701
Apleona Holding GmbH, Term Loan, 6.764%, (3 mo. EURIBOR + 2.95%), 4/28/28 EUR      1,000     1,046,678
ASGN Incorporated, Term Loan, 7.566%, (SOFR + 2.25%), 8/30/30          375       376,563
Camelot U.S. Acquisition, LLC:       
Term Loan, 8.431%, (SOFR + 3.00%), 10/30/26        1,510     1,510,946
Term Loan, 8.431%, (SOFR + 3.00%), 10/30/26          886        886,587
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Professional Services (continued)
CoreLogic, Inc., Term Loan, 8.931%, (SOFR + 3.50%), 6/2/28        3,861 $     3,577,400
Corporation Service Company, Term Loan, 8.666%, (SOFR + 3.25%), 11/2/29          333       333,750
Deerfield Dakota Holding, LLC, Term Loan, 9.14%, (SOFR + 3.75%), 4/9/27        2,059     2,015,637
Employbridge Holding Company, Term Loan, 10.259%, (SOFR + 4.75%), 7/19/28        2,327     2,105,140
First Advantage Holdings, LLC, Term Loan, 8.181%, (SOFR + 2.75%), 1/31/27          606       607,371
Genuine Financial Holdings, LLC, Term Loan, 9/20/30(21)          400       396,333
Neptune Bidco US, Inc., Term Loan, 10.399%, (SOFR + 5.00%), 4/11/29        1,895     1,710,124
Rockwood Service Corporation, Term Loan, 9.431%, (SOFR + 4.00%), 1/23/27          966       971,065
Saphilux S.a.r.l., Term Loan, 7/18/28(21) EUR        500       529,409
Techem Verwaltungsgesellschaft 675 mbH, Term Loan, 6.275%, (6 mo. EURIBOR + 2.38%), 7/15/25 EUR        826       872,339
Trans Union, LLC, Term Loan, 7.681%, (SOFR + 2.25%), 12/1/28        1,469     1,470,255
Vaco Holdings, LLC, Term Loan, 10.393%, (SOFR + 5.00%), 1/21/29          270       260,618
      $   21,902,704
Real Estate Management & Development — 0.4%
Cushman & Wakefield U.S. Borrower, LLC:       
Term Loan, 8.181%, (SOFR + 2.75%), 8/21/25          142 $       141,853
Term Loan, 8.666%, (SOFR + 3.25%), 1/31/30        2,997     2,950,185
Term Loan, 9.316%, (SOFR + 4.00%), 1/31/30        1,232     1,224,701
Greystar Real Estate Partners, LLC, Term Loan, 9.147%, (SOFR + 3.75%), 8/21/30          600       600,000
      $    4,916,739
Road & Rail — 0.6%
Grab Holdings, Inc., Term Loan, 9.931%, (SOFR + 4.50%), 1/29/26          947 $       954,528
Hertz Corporation (The):       
Term Loan, 8.681%, (SOFR + 3.25%), 6/30/28        1,028     1,028,828
Term Loan, 8.681%, (SOFR + 3.25%), 6/30/28          198       198,358
Kenan Advantage Group, Inc., Term Loan, 9.477%, (SOFR + 3.75%), 3/24/26        2,188     2,185,731
Uber Technologies, Inc., Term Loan, 8.159%, (SOFR + 2.75%), 3/3/30        2,396     2,398,447
      $    6,765,892
 
33
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Semiconductors & Semiconductor Equipment — 0.3%
Altar Bidco, Inc., Term Loan, 8.142%, (SOFR + 3.10%), 2/1/29(22)        1,259 $     1,256,702
Bright Bidco B.V., Term Loan, 14.366%, (SOFR + 9.00%), 6.366% cash, 8.00% PIK, 10/31/27          347       141,278
MaxLinear, Inc., Term Loan, 7.681%, (SOFR + 2.25%), 6/23/28          286       284,286
MKS Instruments, Inc., Term Loan, 6.858%, (1 mo. EURIBOR + 3.00%), 8/17/29 EUR        990     1,047,659
Synaptics Incorporated, Term Loan, 7.914%, (SOFR + 2.25%), 12/2/28          392       391,326
Ultra Clean Holdings, Inc., Term Loan, 9.181%, (SOFR + 3.75%), 8/27/25          570       572,148
      $    3,693,399
Software — 6.3%
Applied Systems, Inc., Term Loan, 9.89%, (SOFR + 4.50%), 9/18/26        5,117 $     5,138,119
AppLovin Corporation, Term Loan, 8.416%, (SOFR + 3.10%), 8/14/30        1,579     1,575,944
Aptean, Inc.:       
Term Loan, 9.568%, (SOFR + 4.25%), 4/23/26          816       813,214
Term Loan - Second Lien, 12.416%, (SOFR + 7.00%), 4/23/27        1,450     1,353,938
Astra Acquisition Corp.:       
Term Loan, 10.902%, (SOFR + 5.25%), 10/25/28        1,069       806,151
Term Loan - Second Lien, 14.527%, (SOFR + 8.88%), 10/25/29        1,650       977,390
Banff Merger Sub, Inc.:       
Term Loan, 7.858%, (1 mo. EURIBOR + 4.00%), 10/2/25 EUR        483       510,107
Term Loan, 9.181%, (SOFR + 3.75%), 10/2/25        2,682     2,681,916
Term Loan - Second Lien, 10.931%, (SOFR + 5.50%), 2/27/26          900       900,000
CDK Global, Inc., Term Loan, 9.64%, (SOFR + 4.25%), 7/6/29        2,258     2,260,995
Cegid Group SAS, Term Loan, 7/10/28(21) EUR      1,000     1,055,664
CentralSquare Technologies, LLC, Term Loan, 9.29%, (SOFR + 3.75%), 8/29/25        1,406     1,336,691
Ceridian HCM Holding, Inc., Term Loan, 7.931%, (SOFR + 2.50%), 4/30/25        1,473     1,476,181
Cloud Software Group, Inc., Term Loan, 9.99%, (SOFR + 4.50%), 3/30/29(22)        1,493     1,438,116
Cloudera, Inc.:       
Term Loan, 9.166%, (SOFR + 3.75%), 10/8/28        2,758     2,727,662
Term Loan - Second Lien, 11.416%, (SOFR + 6.00%), 10/8/29          775        738,833
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Software (continued)
Constant Contact, Inc., Term Loan, 9.561%, (SOFR + 4.00%), 2/10/28        1,719 $    1,671,424
Cornerstone OnDemand, Inc., Term Loan, 9.181%, (SOFR + 3.75%), 10/16/28        1,330     1,268,249
Delta TopCo, Inc.:       
Term Loan, 9.069%, (SOFR + 3.75%), 12/1/27        1,369     1,357,389
Term Loan - Second Lien, 12.569%, (SOFR + 7.25%), 12/1/28        1,950     1,867,125
ECI Macola Max Holding, LLC, Term Loan, 9.402%, (SOFR + 3.75%), 11/9/27        1,265     1,263,610
Epicor Software Corporation:       
Term Loan, 8.681%, (SOFR + 3.25%), 7/30/27          770       770,553
Term Loan, 7/30/27(21)          825       827,063
Fiserv Investment Solutions, Inc., Term Loan, 9.383%, (SOFR + 4.00%), 2/18/27          508       479,154
GoTo Group, Inc., Term Loan, 10.269%, (SOFR + 4.75%), 8/31/27        1,775     1,188,571
Greeneden U.S. Holdings II, LLC:       
Term Loan, 7.964%, (3 mo. EURIBOR + 4.25%), 12/1/27 EUR        731       774,909
Term Loan, 9.431%, (SOFR + 4.00%), 12/1/27          804       805,995
IGT Holding IV AB, Term Loan, 7.122%, (3 mo. EURIBOR + 3.15%), 3/31/28 EUR      1,000     1,046,017
Ivanti Software, Inc., Term Loan, 9.758%, (SOFR + 4.25%), 12/1/27        1,445     1,253,875
Magenta Buyer, LLC:       
Term Loan, 10.631%, (SOFR + 5.00%), 7/27/28        2,507     1,882,043
Term Loan - Second Lien, 13.881%, (SOFR + 8.25%), 7/27/29        1,050       488,250
Marcel LUX IV S.a.r.l.:       
Term Loan, 7.087%, (3 mo. EURIBOR + 3.50%), 3/16/26 EUR      1,500     1,589,840
Term Loan, 9.436%, (SOFR + 4.00%), 12/31/27           95        94,668
McAfee, LLC:       
Term Loan, 7.714%, (3 mo. EURIBOR + 4.00%), 3/1/29 EUR        987     1,038,627
Term Loan, 9.18%, (SOFR + 3.75%), 3/1/29        2,765     2,707,972
Mediaocean, LLC, Term Loan, 8.916%, (SOFR + 3.50%), 12/15/28          616       591,000
Mosel Bidco SE:       
Term Loan, 9/16/30(21)          250       250,313
Term Loan, 9/16/30(21) EUR        750       791,460
Open Text Corporation, Term Loan, 8.166%, (SOFR + 2.75%), 1/31/30        1,365     1,365,968
Polaris Newco, LLC:       
Term Loan, 7.714%, (3 mo. EURIBOR + 4.00%), 6/2/28 EUR        980       988,185
Term Loan, 9.431%, (SOFR + 4.00%), 6/2/28        2,794      2,682,282
 
34
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Software (continued)
Proofpoint, Inc., Term Loan, 8.681%, (SOFR + 3.25%), 8/31/28        2,456 $     2,438,680
Quartz Acquireco, LLC, Term Loan, 8.818%, (SOFR + 3.50%), 6/28/30          750       750,000
Quest Software US Holdings, Inc., Term Loan, 9.769%, (SOFR + 4.25%), 2/1/29          997       834,322
RealPage, Inc., Term Loan, 8.431%, (SOFR + 3.00%), 4/24/28        2,818     2,788,933
Sabre GLBL, Inc., Term Loan, 9.666%, (SOFR + 4.25%), 6/30/28        1,100       972,400
SolarWinds Holdings, Inc., Term Loan, 9.066%, (SOFR + 3.75%), 2/5/27        1,692     1,695,632
Sophia, L.P., Term Loan, 8.916%, (SOFR + 3.50%), 10/7/27          389       388,768
Turing Midco, LLC, Term Loan, 7.931%, (SOFR + 2.50%), 3/24/28          166       165,690
Ultimate Software Group, Inc. (The):       
Term Loan, 8.618%, (SOFR + 3.25%), 5/4/26        3,842     3,838,208
Term Loan, 9.219%, (SOFR + 3.75%), 5/4/26        1,656     1,656,797
Veritas US, Inc.:       
Term Loan, 8.608%, (3 mo. EURIBOR + 4.75%), 9/1/25 EUR        970       900,701
Term Loan, 10.431%, (SOFR + 5.00%), 9/1/25        2,401     2,087,943
Vision Solutions, Inc., Term Loan, 9.613%, (SOFR + 4.00%), 4/24/28          418       406,322
VS Buyer, LLC, Term Loan, 8.666%, (SOFR + 3.25%), 2/28/27        1,062     1,058,846
      $   74,818,705
Specialty Retail — 1.3%
Belron Finance US, LLC, Term Loan, 8.057%, (SOFR + 2.43%), 4/13/28          829 $       828,361
Belron Luxembourg S.a.r.l., Term Loan, 6.147%, (3 mo. EURIBOR + 2.43%), 4/13/28 EUR        900       952,219
Boels Topholding B.V., Term Loan, 7.015%, (EURIBOR + 3.25%), 2/6/27(22) EUR        862       912,562
David's Bridal, Inc.:       
Term Loan, 0.00%, 6/23/24(11)(19)          581             0
Term Loan, 0.00%, 12/31/24(11)(19)          704             0
Etraveli Holding AB, Term Loan, 7.972%, (3 mo. EURIBOR + 4.00%), 8/2/24 EUR        937       990,170
Great Outdoors Group, LLC, Term Loan, 9.402%, (SOFR + 3.75%), 3/6/28        2,383     2,381,503
Harbor Freight Tools USA, Inc., Term Loan, 8.181%, (SOFR + 2.75%), 10/19/27        1,859     1,847,196
Hoya Midco, LLC, Term Loan, 8.619%, (SOFR + 3.25%), 2/3/29          981        982,676
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Specialty Retail (continued)
Les Schwab Tire Centers, Term Loan, 8.692%, (SOFR + 3.25%), 11/2/27        2,873 $     2,865,867
Mattress Firm, Inc., Term Loan, 9.95%, (6 mo. USD LIBOR + 4.25%), 9/25/28        1,181     1,174,083
PetSmart, Inc., Term Loan, 9.166%, (SOFR + 3.75%), 2/11/28        1,299     1,296,742
Speedster Bidco GmbH, Term Loan, 6.886%, (6 mo. EURIBOR + 2.75%), 3/31/27 EUR      1,000     1,033,297
      $   15,264,676
Technology Hardware, Storage & Peripherals — 0.1%
NCR Corporation, Term Loan, 7.931%, (SOFR + 2.50%), 8/28/26          908 $       908,463
      $      908,463
Trading Companies & Distributors — 1.4%
American Builders & Contractors Supply Co., Inc., Term Loan, 7.416%, (SOFR + 2.00%), 1/15/27        2,352 $     2,352,612
Electro Rent Corporation, Term Loan, 11.002%, (SOFR + 5.50%), 11/1/24        1,784     1,726,027
Hillman Group, Inc. (The), Term Loan, 8.181%, (SOFR + 2.75%), 7/14/28          270       270,680
Patagonia Bidco Limited, Term Loan, 10.181%, (SONIA + 5.25%), 11/1/28 GBP      1,000     1,054,166
PEARLS (Netherlands) Bidco B.V., Term Loan, 7.214%, (3 mo. EURIBOR + 3.50%), 2/26/29 EUR      1,000     1,046,488
Quimper AB, Term Loan, 6.509%, (3 mo. EURIBOR + 2.93%), 2/16/26 EUR      1,875     1,965,018
Spin Holdco, Inc., Term Loan, 9.664%, (SOFR + 4.00%), 3/4/28        3,803     3,299,262
SRS Distribution, Inc.:       
Term Loan, 8.916%, (SOFR + 3.50%), 6/2/28          369       366,374
Term Loan, 8.931%, (SOFR + 3.50%), 6/2/28          980       972,037
White Cap Buyer, LLC, Term Loan, 9.066%, (SOFR + 3.75%), 10/19/27        2,043     2,041,484
Windsor Holdings III, LLC:       
Term Loan, 8.154%, (1 mo. EURIBOR + 4.50%), 8/1/30 EUR        500       527,832
Term Loan, 9.83%, (SOFR + 4.50%), 8/1/30        1,025     1,021,584
      $   16,643,564
Transportation Infrastructure — 0.1%
Brown Group Holding, LLC:       
Term Loan, 8.068%, (SOFR + 2.75%), 6/7/28          220 $       218,651
Term Loan, 9.121%, (SOFR + 3.75%), 7/2/29(22)          248        247,616
 
35
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Borrower/Description Principal
Amount*
(000's omitted) 		Value
Transportation Infrastructure (continued)
KKR Apple Bidco, LLC, Term Loan, 8.181%, (SOFR + 2.75%), 9/22/28          172 $       171,042
      $      637,309
Wireless Telecommunication Services — 0.4%
Digicel International Finance Limited, Term Loan, 8.902%, (SOFR + 3.25%), 5/28/24        4,775 $     4,326,892
      $    4,326,892
Total Senior Floating-Rate Loans
(identified cost $580,279,462) 		    $  552,786,608
    
Sovereign Government Bonds — 4.2%
Security Principal
Amount*
(000's omitted) 		Value
Albania — 0.1%
Albania Government International Bond:       
3.50%, 10/9/25(15) EUR        101 $       103,106
5.90%, 6/9/28(15) EUR        978     1,009,414
      $    1,112,520
Angola — 0.0%(14)
Angolan Government International Bond, 8.75%, 4/14/32(15)          528 $       425,824
      $      425,824
Argentina — 0.0%(14)
Republic of Argentina:       
1.00%, 7/9/29          400 $       112,001
4.25% to 7/9/24, 1/9/38(4)        1,200       354,455
      $      466,456
Bahrain — 0.1%
Kingdom of Bahrain:       
5.45%, 9/16/32(15)          200 $       174,606
5.625%, 5/18/34(15)          200       171,672
6.75%, 9/20/29(15)          300       295,578
7.00%, 10/12/28(15)          300       304,878
7.375%, 5/14/30(15)          590       593,617
      $    1,540,351
Security Principal
Amount*
(000's omitted) 		Value
Barbados — 0.1%
Government of Barbados, 6.50%, 10/1/29(1)          913 $       853,120
      $      853,120
Benin — 0.1%
Benin Government International Bond:       
4.875%, 1/19/32(15) EUR        406 $       319,286
4.95%, 1/22/35(15) EUR        200       145,558
6.875%, 1/19/52(15) EUR      1,158       820,480
      $    1,285,324
Brazil — 0.2%
Federative Republic of Brazil:       
3.875%, 6/12/30          371 $       323,921
4.625%, 1/13/28        1,100     1,059,244
5.00%, 1/27/45          600       445,659
      $    1,828,824
Chile — 0.1%
Chile Government International Bond:       
2.45%, 1/31/31          465 $       383,439
2.55%, 7/27/33          600       462,179
3.24%, 2/6/28          260       238,913
3.50%, 1/25/50          845       564,892
      $    1,649,423
Costa Rica — 0.0%(14)
Costa Rica Government International Bond, 6.55%, 4/3/34(15)          460 $       448,428
      $      448,428
Croatia — 0.0%(14)
Croatia Government International Bond, 1.75%, 3/4/41(15) EUR        212 $       151,618
      $      151,618
Dominican Republic — 0.1%
Dominican Republic:       
4.50%, 1/30/30(15)          430 $       365,476
4.875%, 9/23/32(15)          380       309,637
6.40%, 6/5/49(15)          150       119,368
6.85%, 1/27/45(15)          300       256,176
7.45%, 4/30/44(15)          300       274,874
      $    1,325,531
 
36
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Ecuador — 0.1%
Republic of Ecuador:       
1.50%, 7/31/40(15)          382 $        92,977
2.50%, 7/31/40(15)        2,576       627,315
      $      720,292
Egypt — 0.1%
Arab Republic of Egypt:       
5.25%, 10/6/25(1)          200 $       154,361
5.80%, 9/30/27(15)          427       282,206
7.50%, 2/16/61(15)          260       132,093
8.70%, 3/1/49(15)          452       243,639
8.875%, 5/29/50(15)          355       193,457
      $    1,005,756
El Salvador — 0.1%
Republic of El Salvador:       
5.875%, 1/30/25(15)           57 $        51,947
6.375%, 1/18/27(15)          211       172,899
7.125%, 1/20/50(15)          150        97,950
7.65%, 6/15/35(15)           17        12,079
8.25%, 4/10/32(15)          513       409,547
      $      744,422
Ethiopia — 0.1%
Ethiopia Government International Bond, 6.625%, 12/11/24(15)          970 $       630,432
      $      630,432
Gabon — 0.0%(14)
Gabon Government International Bond, 6.625%, 2/6/31(15)          200 $       149,250
      $      149,250
Ghana — 0.1%
Ghana Government International Bond:       
7.625%, 5/16/29(15)(19)          349 $       155,575
7.75%, 4/7/29(15)(19)          200        89,061
8.125%, 3/26/32(15)(19)          200        88,629
8.627%, 6/16/49(15)(19)          740       316,625
8.75%, 3/11/61(15)(19)          597       256,199
      $      906,089
Security Principal
Amount*
(000's omitted) 		Value
Guatemala — 0.1%
Guatemala Government International Bond, 5.375%, 4/24/32(15)          538 $       493,252
      $      493,252
Hungary — 0.1%
Hungary Government International Bond:       
2.125%, 9/22/31(15)          815 $       602,566
5.375%, 9/12/33(15) EUR         87        88,935
6.25%, 9/22/32(1)          400       390,782
6.25%, 9/22/32(15)          300       293,086
      $    1,375,369
India — 0.1%
Export-Import Bank of India:       
2.25%, 1/13/31(15)          600 $       466,356
5.50%, 1/18/33(1)          230       220,665
      $      687,021
Indonesia — 0.2%
Indonesia Government International Bond:       
3.55%, 3/31/32        1,613 $     1,394,698
4.65%, 9/20/32          455       426,292
4.85%, 1/11/33          840       801,274
      $    2,622,264
Iraq — 0.0%(14)
Republic of Iraq, 5.80%, 1/15/28(15)          141 $       130,410
      $      130,410
Ivory Coast — 0.1%
Ivory Coast Government International Bond:       
5.25%, 3/22/30(15) EUR        257 $       228,117
6.625%, 3/22/48(15) EUR      1,162       848,038
6.875%, 10/17/40(15) EUR        512       402,379
      $    1,478,534
Jordan — 0.0%(14)
Kingdom of Jordan:       
5.85%, 7/7/30(15)          300 $       267,220
7.375%, 10/10/47(15)          200       165,599
      $      432,819
 
37
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Kazakhstan — 0.1%
Kazakhstan Government International Bond, 6.50%, 7/21/45(15)          500 $       509,906
      $      509,906
Kuwait — 0.0%(14)
Kuwait International Government Bond, 3.50%, 3/20/27(15)          247 $       234,464
      $      234,464
Lebanon — 0.0%(14)
Lebanese Republic:       
5.80%, 4/14/20(15)(19)           57 $         4,739
6.10%, 10/4/22(15)(19)          972        80,608
6.15%, 6/19/20(19)           75         6,207
6.375%, 3/9/20(19)        1,110        92,274
6.40%, 5/26/23(19)           13         1,072
6.65%, 11/3/28(15)(19)          147        12,060
6.85%, 5/25/29(19)            3           247
8.20%, 5/17/33(19)          156        12,736
8.25%, 5/17/34(19)          129        10,857
      $      220,800
Mexico — 0.2%
Mexico Government International Bond:       
4.875%, 5/19/33        1,089 $       977,986
5.00%, 4/27/51          755       582,759
5.40%, 2/9/28        1,003       989,905
      $    2,550,650
Mongolia — 0.0%(14)
Mongolia Government International Bond, 5.125%, 4/7/26(1)          200 $       187,021
      $      187,021
Morocco — 0.0%(14)
Morocco Government International Bond, 3.00%, 12/15/32(15)          365 $       278,633
      $      278,633
Nigeria — 0.1%
Nigeria Government International Bond:       
7.375%, 9/28/33(15)          930 $       690,167
7.625%, 11/28/47(15)          200       133,802
7.696%, 2/23/38(15)          400        281,100
Security Principal
Amount*
(000's omitted) 		Value
Nigeria (continued)
Nigeria Government International Bond: (continued)      
8.25%, 9/28/51(15)          400 $       278,070
      $    1,383,139
North Macedonia — 0.2%
North Macedonia Government International Bond:       
1.625%, 3/10/28(15) EUR        905 $       779,877
3.675%, 6/3/26(15) EUR        136       135,525
6.96%, 3/13/27(15) EUR        884       953,795
      $    1,869,197
Oman — 0.1%
Oman Government International Bond:       
5.375%, 3/8/27(15)          470 $       458,732
6.25%, 1/25/31(15)          483       478,083
6.75%, 1/17/48(15)          230       212,093
7.375%, 10/28/32(15)          457       484,363
      $    1,633,271
Panama — 0.1%
Panama Bonos del Tesoro, 6.375%, 7/25/33(15)           83 $        78,767
Panama Government International Bond, 6.70%, 1/26/36        1,400     1,387,977
      $    1,466,744
Paraguay — 0.1%
Republic of Paraguay:       
4.95%, 4/28/31(15)          577 $       535,366
5.40%, 3/30/50(15)          209       165,449
      $      700,815
Peru — 0.1%
Peruvian Government International Bond:       
2.783%, 1/23/31          926 $       760,601
3.00%, 1/15/34          250       193,328
3.30%, 3/11/41          447       310,331
      $    1,264,260
Romania — 0.2%
Romania Government International Bond:       
1.75%, 7/13/30(15) EUR        657 $       527,225
2.00%, 1/28/32(15) EUR         15        11,449
2.00%, 4/14/33(15) EUR         95        69,307
2.124%, 7/16/31(15) EUR         25         19,653
 
38
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Security Principal
Amount*
(000's omitted) 		Value
Romania (continued)
Romania Government International Bond: (continued)      
3.375%, 1/28/50(15) EUR        518 $       325,465
3.624%, 5/26/30(15) EUR          8         7,296
3.75%, 2/7/34(15) EUR         49        41,034
4.625%, 4/3/49(15) EUR      1,115       877,062
6.625%, 9/27/29(15) EUR        650       707,821
      $    2,586,312
Serbia — 0.1%
Serbia Government International Bond, 2.125%, 12/1/30(15)        1,536 $     1,131,336
      $    1,131,336
Sri Lanka — 0.1%
Sri Lanka Government International Bond:       
5.75%, 4/18/23(15)(19)          858 $       414,171
6.20%, 5/11/27(15)(19)          800       373,632
6.35%, 6/28/24(15)(19)          760       364,149
6.825%, 7/18/26(15)(19)          200        96,483
6.85%, 3/14/24(15)(19)          230       110,503
6.85%, 11/3/25(15)(19)          400       193,548
      $    1,552,486
Suriname — 0.4%
Republic of Suriname, 9.25%, 10/26/26(15)(19)        5,467 $     4,715,288
      $    4,715,288
Ukraine — 0.1%
Ukraine Government International Bond:       
0.00%, GDP-Linked, 8/1/41(15)(24)          189 $        87,364
7.75%, 9/1/24(15)(19)          614       211,899
7.75%, 9/1/25(15)(19)          609       202,119
7.75%, 9/1/28(15)(19)          318        92,864
      $      594,246
United Arab Emirates — 0.2%
Finance Department Government of Sharjah:       
4.375%, 3/10/51(15)        1,275 $       799,189
6.50%, 11/23/32(1)          660       659,267
6.50%, 11/23/32(15)          640       639,290
      $    2,097,746
Security Principal
Amount*
(000's omitted) 		Value
Uruguay — 0.1%
Uruguay Government International Bond:       
4.375%, 1/23/31          350 $       335,466
5.10%, 6/18/50          470       417,728
5.75%, 10/28/34          310       316,285
      $    1,069,479
Uzbekistan — 0.1%
Republic of Uzbekistan:       
3.90%, 10/19/31(15)          564 $       440,977
4.75%, 2/20/24(15)          355       351,511
5.375%, 2/20/29(15)          300       269,320
      $    1,061,808
Zambia — 0.0%(14)
Zambia Government International Bond, 8.50%, 4/14/24(15)(19)          200 $       110,308
      $      110,308
Total Sovereign Government Bonds
(identified cost $56,868,898) 		    $   49,681,238
    
Sovereign Loans — 0.5%
Borrower/Description Principal
Amount
(000's omitted) 		Value
Kenya — 0.1%
Government of Kenya, Term Loan, 12.203%, (3 mo. USD LIBOR + 6.45%), 6/29/25(2) $      1,248 $     1,204,948
      $    1,204,948
Nigeria — 0.0%(14)
Bank of Industry Limited, Term Loan, 11.67%, (3 mo. USD LIBOR + 6.00%), 12/11/23(2)(25) $        251 $       251,845
      $      251,845
Tanzania — 0.4%
Government of the United Republic of Tanzania, Term Loan, 11.672%, (6 mo. USD LIBOR + 6.30%), 4/28/31(2) $      4,151 $     4,050,517
      $    4,050,517
Total Sovereign Loans
(identified cost $5,648,155) 		    $    5,507,310
    
 
39
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
U.S. Government Agency Mortgage-Backed Securities — 27.2%
Security Principal
Amount
(000's omitted) 		Value
Federal Home Loan Mortgage Corp.:       
5.00%, with various maturities to 2052 $     50,898 $   48,193,197
5.50%, 5/1/32          232       232,096
6.50%, with various maturities to 2036        1,382     1,405,410
7.00%, with various maturities to 2036        1,125     1,157,530
7.50%, with various maturities to 2035          559       571,361
8.00%, with various maturities to 2030           63        65,713
9.00%, with various maturities to 2031           13        13,113
Federal National Mortgage Association:       
4.326%, (COF + 1.31%), 10/1/36(26)          369       360,325
4.402%, (6 mo. USD LIBOR + 1.54%), 9/1/37(26)          475       478,871
4.50%, 7/1/42        2,610     2,499,180
5.00%, with various maturities to 2052        4,539     4,408,292
5.105%, (1 yr. CMT + 2.27%), 8/1/36(26)        2,347     2,378,968
5.50%, 30-Year, TBA(27)        4,650     4,495,971
5.50%, with various maturities to 2033          305       304,356
6.00%, with various maturities to 2029           88        87,052
6.334%, (COF + 2.00%), 7/1/32(26)          458       469,111
6.50%, with various maturities to 2036        5,711     5,797,125
7.00%, with various maturities to 2037        1,234     1,263,919
7.50%, with various maturities to 2035          623       645,885
8.00%, with various maturities to 2027           24        24,275
8.047%, 9/15/27(9)           23        23,426
8.177%, 9/20/28(9)            6         6,024
8.213%, 10/15/29(9)            6         6,289
8.29%, 6/15/27(9)           11        10,650
8.50%, with various maturities to 2037          127       132,418
9.00%, with various maturities to 2032          106       108,073
9.50%, with various maturities to 2030           16        16,043
Government National Mortgage Association:       
4.00%, 9/20/49          219       198,225
4.50%, with various maturities to 2052        2,472     2,294,952
5.00%, 6/20/52       14,572    13,818,403
5.50%, 30-Year, TBA(27)       93,900    91,159,622
6.00%, 30-Year, TBA(27)       98,500    97,637,761
6.00%, with various maturities to 2053        8,239     8,189,368
6.50%, 30-Year, TBA(27)       27,538    27,713,445
6.50%, with various maturities to 2053        5,025     5,084,534
7.00%, 4/20/26           36        36,466
7.50%, with various maturities to 2032          576       587,001
8.00%, with various maturities to 2034          672        687,993
Security Principal
Amount
(000's omitted) 		Value
Government National Mortgage Association: 
(continued) 		     
9.00%, 12/15/25 $         41 $        41,014
Total U.S. Government Agency Mortgage-Backed Securities
(identified cost $332,792,411) 		    $  322,603,457
    
Warrants — 0.0%
Security Shares Value
Retailers (Except Food and Drug) — 0.0%
David’s Bridal, LLC, Exp. 12/31/28(11)(12)(13)        7,886 $             0
Total Warrants
(identified cost $0) 		    $            0
    
Miscellaneous — 0.0%(14)
Security Principal
Amount/
Shares 		Value
Cable and Satellite Television — 0.0%
ACC Claims Holdings, LLC(11)(13)    2,257,600 $             0
      $            0
Financial Intermediaries — 0.0%
Alpha Holding S.A., Escrow Certificates(11)(12)      400,000 $             0
Alpha Holding S.A., Escrow Certificates(11)(12)    1,530,000             0
      $            0
Surface Transport — 0.0%(14)
Hertz Corp., Escrow Certificates(12) $    364,000 $        32,760
      $       32,760
Total Miscellaneous
(identified cost $0) 		    $       32,760
    
Short-Term Investments — 2.3%
Affiliated Fund — 2.3%
Security Shares Value
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.27%(28)   26,743,497 $    26,743,497
Total Affiliated Fund
(identified cost $26,743,497) 		    $   26,743,497
    
 
40
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
U.S. Treasury Obligations — 0.0%(14)
Security Principal
Amount
(000's omitted) 		Value
U.S. Treasury Bill, 0.00%, 10/12/23(29) $        500 $       499,268
Total U.S. Treasury Obligations
(identified cost $499,210) 		    $      499,268
Total Short-Term Investments
(identified cost $27,242,707) 		    $   27,242,765
Total Investments — 164.3%
(identified cost $2,131,700,554) 		    $1,949,474,139
Less Unfunded Loan Commitments — (0.0)%(14)     $       (10,364)
Net Investments — 164.3%
(identified cost $2,131,690,190) 		    $1,949,463,775
Other Assets, Less Liabilities — (46.1)%     $  (546,635,138)
Auction Preferred Shares Plus Cumulative Unpaid Dividends — (18.2)%     $  (216,210,651)
Net Assets Applicable to Common Shares — 100.0%     $1,186,617,986
The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.
* In U.S. dollars unless otherwise indicated.
(1) Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At September 30, 2023, the aggregate value of these securities is $642,187,827 or 54.1% of the Fund's net assets applicable to common shares.
(2) Variable rate security. The stated interest rate represents the rate in effect at September 30, 2023.
(3) When-issued security. For a variable rate security interest rate will be determined after September 30, 2023.
(4) Step coupon security. Interest rate represents the rate in effect at September 30, 2023.
(5) Principal amount is less than $500.
(6) Inverse floating-rate security whose coupon varies inversely with changes in the interest rate index. The stated interest rate represents the coupon rate in effect at September 30, 2023.
(7) Interest only security that entitles the holder to receive only interest payments on the underlying mortgages. Principal amount shown is the notional amount of the underlying mortgages on which coupon interest is calculated.
(8) Principal only security that entitles the holder to receive only principal payments on the underlying mortgages.
(9) Weighted average fixed-rate coupon that changes/updates monthly. Rate shown is the rate at September 30, 2023.
(10) Represents an investment in an issuer that may be deemed to be an affiliate (see Note 9).
(11) For fair value measurement disclosure purposes, security is categorized as Level 3 (see Note 10).
(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) Amount is less than 0.05% or (0.05)%, as applicable.
(15) Security exempt from registration under Regulation S of the Securities Act of 1933, as amended, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933, as amended. At September 30, 2023, the aggregate value of these securities is $74,257,779 or 6.3% of the Fund's net assets applicable to common shares.
(16) Security converts to variable rate after the indicated fixed-rate coupon period.
(17) Represents a payment-in-kind security which may pay interest in additional principal at the issuer’s discretion.
(18) Perpetual security with no stated maturity date but may be subject to calls by the issuer.
(19) Issuer is in default with respect to interest and/or principal payments or has declared bankruptcy. For a variable rate security, interest rate has been adjusted to reflect non-accrual status.
(20) 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 Secured Overnight Financing Rate (“SOFR”) (or the London Interbank Offered Rate (“LIBOR”) for those loans whose rates reset prior to the discontinuance of LIBOR on June 30, 2023) 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. Rates for SOFR are generally 1 or 3-month tenors and may also be subject to a credit spread adjustment. Senior Loans are generally subject to contractual restrictions that must be satisfied before they can be bought or sold.
(21) This Senior Loan will settle after September 30, 2023, at which time the interest rate will be determined.
(22) The stated interest rate represents the weighted average interest rate at September 30, 2023 of contracts within the senior loan facility. Interest rates on contracts are primarily redetermined either monthly or quarterly by reference to the indicated base lending rate and spread and the reset period.
(23) 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. At September 30, 2023, the total value of unfunded loan commitments is $8,284. See Note 1F for description.
 
41
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
(24) Amounts payable in respect of the security are contingent upon and determined by reference to Ukraine’s GDP and Real GDP Growth Rate. Principal amount represents the notional amount used to calculate payments due to the security holder and does not represent an entitlement for payment.
(25) Loan is subject to scheduled mandatory prepayments. Maturity date shown reflects the final maturity date.
(26) Adjustable rate mortgage security whose interest rate generally adjusts monthly based on a weighted average of interest rates on the underlying mortgages. The coupon rate may not reflect the applicable index value as interest rates on the underlying mortgages may adjust on various dates and at various intervals and may be subject to lifetime ceilings and lifetime floors and lookback periods. Rate shown is the coupon rate at September 30, 2023.
(27) TBA (To Be Announced) securities are purchased on a forward commitment basis with an approximate principal amount and maturity date. The actual principal amount and maturity date are determined upon settlement.
(28) May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of September 30, 2023.
(29) Security (or a portion thereof) has been pledged to cover margin requirements on open derivative contracts.
 
Forward Foreign Currency Exchange Contracts (Centrally Cleared) 
Currency Purchased Currency Sold Settlement
Date 		Value/Unrealized
Appreciation
(Depreciation)
EUR 1,142,237 USD 1,223,130 12/20/23 $ (11,073)
USD 3,778,623 EUR 3,528,719 12/20/23  34,206
USD 2,001,380 EUR 1,869,016 12/20/23  18,118
USD 1,710,626 EUR 1,597,492 12/20/23  15,486
USD 1,622,920 EUR 1,515,586 12/20/23  14,692
USD 1,037,365 EUR   968,758 12/20/23   9,391
          $ 80,820
Forward Foreign Currency Exchange Contracts (OTC) 
Currency Purchased Currency Sold Counterparty Settlement
Date 		Unrealized
Appreciation 		Unrealized
(Depreciation)
USD 45,820,826 EUR 42,161,465 Standard Chartered Bank 10/3/23 $ 1,245,613 $      —
GBP    100,000 USD    122,526 Bank of America, N.A. 10/4/23       —     (515)
USD    105,578 EUR    100,000 Bank of America, N.A. 10/5/23       —     (156)
EUR     90,613 USD     97,350 Citibank, N.A. 10/6/23       —   (1,539)
EUR    307,323 USD    330,335 Citibank, N.A. 10/6/23       —   (5,378)
USD    715,326 EUR    666,539 Citibank, N.A. 10/6/23    10,542      —
USD    170,771 EUR    159,014 Citibank, N.A. 10/6/23     2,633      —
USD     81,802 EUR     76,317 HSBC Bank USA, N.A. 10/6/23     1,106      —
USD    198,833 EUR    186,087 State Street Bank and Trust Company 10/6/23     2,068      —
CAD     20,400 USD     15,228 HSBC Bank USA, N.A. 10/31/23       —     (203)
EUR     13,898 USD     14,971 HSBC Bank USA, N.A. 10/31/23       —     (260)
EUR     17,228 USD     18,522 HSBC Bank USA, N.A. 10/31/23       —     (287)
EUR    252,294 USD    274,361 HSBC Bank USA, N.A. 10/31/23       —   (7,316)
EUR    155,189 USD    166,867 State Street Bank and Trust Company 10/31/23       —   (2,605)
GBP     11,598 USD     14,508 State Street Bank and Trust Company 10/31/23       —     (354)
USD    497,417 CAD    655,597 HSBC Bank USA, N.A. 10/31/23    14,552      —
USD      3,341 CAD      4,403 The Toronto-Dominion Bank 10/31/23        98      —
42
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Forward Foreign Currency Exchange Contracts (OTC) (continued)
Currency Purchased Currency Sold Counterparty Settlement
Date 		Unrealized
Appreciation 		Unrealized
(Depreciation)
USD  1,088,588 EUR  1,000,000 Australia and New Zealand Banking Group Limited 10/31/23 $    30,122 $      —
USD    550,290 EUR    500,000 Australia and New Zealand Banking Group Limited 10/31/23    21,056      —
USD    760,910 EUR    709,043 Bank of America, N.A. 10/31/23    10,411      —
USD      9,082 EUR      8,224 Bank of America, N.A. 10/31/23       378      —
USD    153,820 EUR    142,061 Citibank, N.A. 10/31/23     3,453      —
USD    110,979 EUR    102,469 Citibank, N.A. 10/31/23     2,518      —
USD    672,041 EUR    613,225 Goldman Sachs International 10/31/23    22,962      —
USD     17,141 EUR     15,641 Goldman Sachs International 10/31/23       586      —
USD 12,732,992 EUR 11,514,289 HSBC Bank USA, N.A. 10/31/23   545,498      —
USD 10,185,676 EUR  9,221,669 HSBC Bank USA, N.A. 10/31/23   424,845      —
USD  9,734,440 EUR  8,813,998 HSBC Bank USA, N.A. 10/31/23   405,116      —
USD    315,121 EUR    284,960 HSBC Bank USA, N.A. 10/31/23    13,500      —
USD    252,080 EUR    228,222 HSBC Bank USA, N.A. 10/31/23    10,514      —
USD    240,911 EUR    218,132 HSBC Bank USA, N.A. 10/31/23    10,026      —
USD  1,095,441 EUR  1,000,000 NatWest Group PLC 10/31/23    36,974      —
USD    596,183 EUR    550,000 Standard Chartered Bank 10/31/23    14,027      —
USD    551,182 EUR    500,000 State Street Bank and Trust Company 10/31/23    21,948      —
USD    232,075 GBP    189,390 Bank of America, N.A. 10/31/23       961      —
USD     48,604 GBP     37,765 Citibank, N.A. 10/31/23     2,519      —
USD      1,300 GBP      1,010 Citibank, N.A. 10/31/23        67      —
USD  4,927,808 GBP  3,837,146 Goldman Sachs International 10/31/23   245,301      —
USD    325,031 GBP    253,093 Goldman Sachs International 10/31/23    16,180      —
USD     90,616 GBP     71,168 Goldman Sachs International 10/31/23     3,769      —
USD      5,555 GBP      4,363 Goldman Sachs International 10/31/23       231      —
USD 44,692,852 EUR 42,161,465 Standard Chartered Bank 11/2/23    62,650      —
USD 11,268,331 EUR 10,314,857 Bank of America, N.A. 11/30/23   336,262      —
USD  6,102,438 EUR  5,588,322 Bank of America, N.A. 11/30/23   179,727      —
USD  7,035,467 EUR  6,444,597 State Street Bank and Trust Company 11/30/23   205,243      —
USD    482,286 EUR    441,817 The Toronto-Dominion Bank 11/30/23    14,031      —
USD  5,503,643 GBP  4,361,147 State Street Bank and Trust Company 11/30/23   180,904      —
USD    194,180 EUR    183,975 Australia and New Zealand Banking Group Limited 12/29/23       —   (1,155)
USD  5,272,655 EUR  5,000,000 Australia and New Zealand Banking Group Limited 12/29/23       —  (36,089)
USD  5,274,930 EUR  5,000,000 Goldman Sachs International 12/29/23       —  (33,814)
USD  5,272,611 EUR  5,000,000 State Street Bank and Trust Company 12/29/23       —  (36,133)
USD  5,810,731 EUR  5,511,638 State Street Bank and Trust Company 12/29/23       —  (41,244)
USD  5,810,342 EUR  5,511,638 State Street Bank and Trust Company 12/29/23       —  (41,634)
            $4,098,391 $(208,682)
43
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Futures Contracts 
Description Number of
Contracts 		Position Expiration
Date 		Notional
Amount 		Value/Unrealized
Appreciation
(Depreciation)
Interest Rate Futures          
U.S. 2-Year Treasury Note 141 Long 12/29/23 $ 28,582,242 $ (72,566)
U.S. 5-Year Treasury Note 933 Long 12/29/23  98,300,297  94,040
U.S. Ultra 10-Year Treasury Note 18 Long 12/19/23   2,008,125 (58,781)
Euro-Bobl (21) Short 12/7/23  (2,569,911)  26,865
Euro-Bund (12) Short 12/7/23  (1,632,056)  31,960
Euro-Buxl (12) Short 12/7/23  (1,552,381) 105,490
U.S. 2-Year Treasury Note (3) Short 12/29/23    (608,133)   2,109
U.S. 5-Year Treasury Note (68) Short 12/29/23  (7,164,438)  59,333
U.S. 10-Year Treasury Note (102) Short 12/19/23 (11,022,375) 190,901
U.S. Long Treasury Bond (149) Short 12/19/23 (16,953,406)  30,310
U.S. Ultra 10-Year Treasury Note (16) Short 12/19/23  (1,785,000)  50,101
U.S. Ultra-Long Treasury Bond (134) Short 12/19/23 (15,904,125) 277,797
          $737,559
Credit Default Swaps - Sell Protection (OTC) 
Reference Entity Counterparty Notional
Amount*
(000's omitted) 		Contract Annual
Fixed Rate** 		Current
Market
Annual
Fixed Rate*** 		Termination
Date 		Value Unamortized
Upfront
Receipts
(Payments) 		Unrealized
Appreciation
(Depreciation)
Mexico Citibank, N.A. $ 2,041 1.00%
(pays quarterly)(1) 		1.79% 12/20/31 $ (104,890) $ 74,992 $ (29,898)
Total   $2,041       $(104,890) $74,992 $(29,898)
* If the Fund is the seller of credit protection, the notional amount is the maximum potential amount of future payments the Fund could be required to make if a credit event, as defined in the credit default swap agreement, were to occur. At September 30, 2023, such maximum potential amount for all open credit default swaps in which the Fund is the seller was $2,041,000.
** The contract annual fixed rate represents the fixed rate of interest received by the Fund (as a seller of protection) or paid by the Fund (as a buyer of protection) on the notional amount of the credit default swap contract.
*** Current market annual fixed rates, utilized in determining the net unrealized appreciation or depreciation as of period end, serve as an indicator of the market’s perception of the current status of the payment/performance risk associated with the credit derivative. The current market annual fixed rate of a particular reference entity reflects the cost, as quoted by the pricing vendor, of selling protection against default of that entity as of period end and may include upfront payments required to be made to enter into the agreement. The higher the fixed rate, the greater the market perceived risk of a credit event involving the reference entity. A rate identified as “Defaulted” indicates a credit event has occurred for the reference entity.
(1) Upfront payment is exchanged with the counterparty as a result of the standardized trading coupon.
44
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Portfolio of Investments (Unaudited) — continued
Abbreviations:
CMT – Constant Maturity Treasury
COF – Cost of Funds 11th District
DIP – Debtor In Possession
EURIBOR – Euro Interbank Offered Rate
GDP – Gross Domestic Product
LIBOR – London Interbank Offered Rate
OTC – Over-the-counter
PIK – Payment In Kind
SOFR – Secured Overnight Financing Rate
SONIA – Sterling Overnight Interbank Average
TBA – To Be Announced
Currency Abbreviations:
CAD – Canadian Dollar
EUR – Euro
GBP – British Pound Sterling
USD – United States Dollar
45
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Statement of Assets and Liabilities (Unaudited) 
  September 30, 2023
Assets  
Unaffiliated investments, at value (identified cost $2,092,642,791) $ 1,912,391,668
Affiliated investments, at value (identified cost $39,047,399) 37,072,107
Cash 6,733,956
Deposits for derivatives collateral:  
Futures contracts 1,161,459
Centrally cleared derivatives 508,659
OTC derivatives 3,305,400
Deposits for forward commitment securities 2,076,000
Foreign currency, at value (identified cost $8,066,504) 8,012,210
Interest receivable 20,549,511
Interest and dividends receivable from affiliated investments 171,287
Receivable for investments sold 3,468,449
Receivable for variation margin on open futures contracts 13,516
Receivable for open forward foreign currency exchange contracts 4,098,391
Tax reclaims receivable 7,315
Prepaid upfront fees on notes payable 607,956
Trustees' deferred compensation plan 262,583
Prepaid expenses 8,890
Total assets $2,000,449,357
Liabilities  
Notes payable $ 333,000,000
Cash collateral due to brokers 3,210,000
Payable for investments purchased 15,466,977
Payable for when-issued/delayed delivery/forward commitment securities 241,065,146
Payable for variation margin on open centrally cleared derivatives 19,807
Payable for open forward foreign currency exchange contracts 208,682
Payable for open swap contracts 29,898
Upfront receipts on open non-centrally cleared swap contracts 74,992
Payable to affiliates:  
 Investment adviser fee 1,072,884
Trustees' deferred compensation plan 262,583
Accrued expenses 3,209,751
Total liabilities $ 597,620,720
Auction preferred shares (8,640 shares outstanding) at liquidation value plus cumulative unpaid dividends $ 216,210,651
Net assets applicable to common shares $1,186,617,986
Sources of Net Assets  
Common shares, $0.01 par value, unlimited number of shares authorized $ 1,162,035
Additional paid-in capital 1,627,248,324
Accumulated loss (441,792,373)
Net assets applicable to common shares $1,186,617,986
Common Shares Issued and Outstanding 116,203,460
Net Asset Value Per Common Share  
Net assets ÷ common shares issued and outstanding $ 10.21
46
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Statement of Operations (Unaudited)
  Six Months Ended
  September 30, 2023
Investment Income  
Dividend income $ 1,060,535
Dividend income from affiliated investments 808,415
Interest and other income 63,253,214
Interest income from affiliated investments 343,696
Total investment income $ 65,465,860
Expenses  
Investment adviser fee $ 6,467,390
Trustees’ fees and expenses 54,250
Custodian fee 317,971
Transfer and dividend disbursing agent fees 11,059
Legal and accounting services 120,465
Printing and postage 195,377
Interest expense and fees 11,080,392
Preferred shares service fee 113,612
Miscellaneous 104,887
Total expenses $ 18,465,403
Deduct:  
Waiver and/or reimbursement of expenses by affiliates $ 21,815
Total expense reductions $ 21,815
Net expenses $ 18,443,588
Net investment income $ 47,022,272
Realized and Unrealized Gain (Loss)  
Net realized gain (loss):  
Investment transactions $ (30,698,346)
Futures contracts 758,808
Swap contracts (17,129)
Foreign currency transactions (186,088)
Forward foreign currency exchange contracts (185,572)
Net realized loss $(30,328,327)
Change in unrealized appreciation (depreciation):  
Investments $ 5,233,345
Investments - affiliated investments 352,004
Futures contracts 1,300,889
Swap contracts 20,527
Foreign currency (12,708)
Forward foreign currency exchange contracts 5,530,917
Net change in unrealized appreciation (depreciation) $ 12,424,974
Net realized and unrealized loss $(17,903,353)
Distributions to preferred shareholders $ (9,110,069)
Net increase in net assets from operations $ 20,008,850
47
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Statements of Changes in Net Assets
  Six Months Ended
September 30, 2023
(Unaudited) 		Year Ended
March 31, 2023
Increase (Decrease) in Net Assets    
From operations:    
Net investment income $ 47,022,272 $ 81,866,574
Net realized loss (30,328,327) (48,404,601)
Net change in unrealized appreciation (depreciation) 12,424,974 (91,991,826)
Distributions to preferred shareholders (9,110,069) (9,997,733)
Net increase (decrease) in net assets from operations $ 20,008,850 $ (68,527,586)
Distributions to common shareholders $ (54,569,145)* $ (83,662,686)
Tax return of capital to common shareholders $ — $ (55,781,466)
Net decrease in net assets $ (34,560,295) $ (207,971,738)
Net Assets Applicable to Common Shares    
At beginning of period $ 1,221,178,281 $ 1,429,150,019
At end of period $1,186,617,986 $1,221,178,281
* A portion of the distributions may be deemed a tax return of capital at year-end. See Note 3.
48
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Statement of Cash Flows (Unaudited)
  Six Months Ended
  September 30, 2023
Cash Flows From Operating Activities  
Net increase in net assets from operations $ 20,008,850
Distributions to preferred shareholders 9,110,069
Net increase in net assets from operations excluding distributions to preferred shareholders $ 29,118,919
Adjustments to reconcile net increase in net assets from operations to net cash provided by operating activities:  
Investments purchased (2,098,949,849)
Investments sold and principal repayments 2,102,236,046
Increase in short-term investments, net (676,320)
Net amortization/accretion of premium (discount) (659,930)
Amortization of prepaid upfront fees on notes payable 251,550
Increase in interest receivable (1,116,533)
Increase in interest and dividends receivable from affiliated investments (1,358)
Increase in receivable for variation margin on open futures contracts (13,516)
Decrease in receivable for variation margin on open centrally cleared derivatives 39,799
Decrease in tax reclaims receivable 3,708
Increase in Trustees’ deferred compensation plan (262,583)
Increase in cash collateral due to brokers 2,952,236
Increase in payable for variation margin on open centrally cleared derivatives 19,807
Decrease in payable for variation margin on open futures contracts (82,432)
Decrease in payable for open swap contracts (5,995)
Decrease in upfront receipts on open non-centrally cleared swap contracts (4,571)
Decrease in payable to affiliate for investment adviser fee (36,079)
Increase in payable to affiliate for Trustees' deferred compensation plan 262,583
Increase in accrued expenses 260,278
Decrease in unfunded loan commitments (90,369)
Net change in unrealized (appreciation) depreciation from investments (5,585,349)
Net change in unrealized (appreciation) depreciation from forward foreign currency exchange contracts (OTC) (5,359,337)
Net realized loss from investments 30,698,346
Net cash provided by operating activities $ 52,999,051
Cash Flows From Financing Activities  
Cash distributions paid to common shareholders $ (54,569,145)
Cash distributions paid to preferred shareholders (9,037,716)
Proceeds from notes payable 69,000,000
Repayments of notes payable (50,000,000)
Net cash used in financing activities $ (44,606,861)
Net increase in cash and restricted cash* $ 8,392,190
Cash and restricted cash at beginning of period (including foreign currency) $ 13,405,494
Cash and restricted cash at end of period (including foreign currency) $ 21,797,684
Supplemental disclosure of cash flow information:  
Cash paid for interest and fees on borrowings $ 10,218,775
* Includes net change in unrealized appreciation (depreciation) on foreign currency of $(63,732).
49
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Statement of Cash Flows (Unaudited) — continued
The following table provides a reconciliation of cash and restricted cash reported within the Statement of Assets and Liabilities that sum to the total of such amounts shown on the Statement of Cash Flows.
   
  September 30, 2023
Cash $ 6,733,956
Deposits for derivatives collateral:  
Futures contracts 1,161,459
Centrally cleared derivatives 508,659
OTC derivatives 3,305,400
Deposits for forward commitment securities 2,076,000
Foreign currency 8,012,210
Total cash and restricted cash as shown on the Statement of Cash Flows $21,797,684
50
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Financial Highlights
Selected data for a common share outstanding during the periods stated
  Six Months Ended
September 30, 2023
(Unaudited) 		Year Ended March 31,
  2023 2022 2021 2020 2019
Net asset value — Beginning of period (Common shares) $ 10.510 $ 12.300 $ 13.570 $ 11.750 $ 14.450 $ 14.740
Income (Loss) From Operations            
Net investment income(1) $ 0.405 $ 0.705 $ 0.640 $ 0.756 $ 0.762 $ 0.826
Net realized and unrealized gain (loss) (0.157) (1.209) (0.707) 2.271 (2.390) (0.267)
Distributions to preferred shareholders:
From net investment income(1) 		(0.078) (0.086) (0.003) (0.007) (0.055) (0.066)
Discount on redemption and repurchase of auction preferred shares(1) — — — — — 0.035
Total income (loss) from operations $ 0.170 $ (0.590) $ (0.070) $ 3.020 $ (1.683) $ 0.528
Less Distributions to Common Shareholders            
From net investment income $ (0.470)* $ (0.720) $ (0.681) $ (0.789) $ (0.839) $ (0.818)
Tax return of capital — (0.480) (0.519) (0.411) (0.178) —
Total distributions to common shareholders $ (0.470) $ (1.200) $ (1.200) $ (1.200) $ (1.017) $ (0.818)
Net asset value — End of period (Common shares) $10.210 $10.510 $12.300 $13.570 $11.750 $14.450
Market value — End of period (Common shares) $ 9.040 $ 9.850 $11.700 $12.630 $10.570 $12.650
Total Investment Return on Net Asset Value(2) 2.25% (3) (3.98)% (0.42)% 27.62% (11.69)% 4.57% (4)
Total Investment Return on Market Value(2) (3.49)% (3) (5.30)% 1.70% 32.25% (9.33)% 3.70%
51
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Financial Highlights — continued
Selected data for a common share outstanding during the periods stated
  Six Months Ended
September 30, 2023
(Unaudited) 		Year Ended March 31,
  2023 2022 2021 2020 2019
Ratios/Supplemental Data            
Net assets applicable to common shares, end of period (000’s omitted) $1,186,618 $1,221,178 $1,429,150 $1,575,692 $1,365,197 $1,678,459
Ratios (as a percentage of average daily net assets applicable to common shares):(5)†            
Expenses excluding interest and fees 1.22% (6) 1.29% 1.24% 1.33% 1.29% 1.31%
Interest and fee expense(7) 1.84% (6) 1.43% 0.53% 0.58% 1.33% 1.43%
Total expenses 3.06% (6)(8) 2.72% (8) 1.77% 1.91% 2.62% 2.74%
Net investment income 7.79% (6) 6.47% 4.83% 5.73% 5.33% 5.71%
Portfolio Turnover 109% (3)(9) 201% (9) 137% (9) 57% (9) 49% 34%
Senior Securities:            
Total notes payable outstanding (in 000’s) $ 333,000 $ 314,000 $ 578,000 $ 570,000 $ 525,000 $ 595,000
Asset coverage per $1,000 of notes payable(10) $ 5,213 $ 5,577 $ 3,846 $ 4,143 $ 4,012 $ 4,184
Total preferred shares outstanding 8,640 8,640 8,640 8,640 8,640 8,640
Asset coverage per preferred share(11) $ 79,045 $ 82,609 $ 69,999 $ 75,118 $ 71,062 $ 76,744
Involuntary liquidation preference per preferred share(12) $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000
Approximate market value per preferred share(12) $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000
(1) Computed using average common shares outstanding.
(2) Returns are historical and are calculated by determining the percentage change in net asset value or market value with all distributions reinvested. Distributions are assumed to be reinvested at prices obtained under the Fund's dividend reinvestment plan.
(3) Not annualized.
(4) The total return based on net asset value reflects the impact of the tender and repurchase by the Fund of a portion of its Auction Preferred Shares at 92% of the per share liquidation preference. Absent this transaction, the total return based on net asset value would have been 4.31%.
(5) Ratios do not reflect the effect of dividend payments to preferred shareholders.
(6) Annualized.
(7) Interest and fee expense relates to the notes payable, a portion of which was incurred to partially redeem the Fund’s Auction Preferred Shares (see Note 2).
(8) Includes a reduction by the investment adviser of a portion of its adviser fee due to the Fund’s investment in the Liquidity Fund (equal to less than 0.005% and 0.01% of average daily net assets for the six months ended September 30, 2023 and the year ended March 31, 2023, respectively).
(9) Includes the effect of To-Be-Announced (TBA) transactions.
(10) Calculated by subtracting the Fund's total liabilities (not including the notes payable and preferred shares) from the Fund's total assets, and dividing the result by the notes payable balance in thousands.
(11) Calculated by subtracting the Fund’s total liabilities (not including the notes payable and preferred shares) from the Fund’s total assets, dividing the result by the sum of the value of the notes payable and liquidation value of the preferred shares, and multiplying the result by the liquidation value of one preferred share. Such amount equates to 316%, 330%, 280%, 300%, 284% and 307% at September 30, 2023 and March 31, 2023, 2022, 2021, 2020 and 2019, respectively.
(12) Plus accumulated and unpaid dividends.
* A portion of the distributions may be deemed a tax return of capital at year-end. See Note 3.
† Ratios based on net assets applicable to common shares plus preferred shares and borrowings are presented below. Ratios do not reflect the effect of dividend payments to preferred shareholders.
  Six Months Ended
September 30, 2023
(Unaudited) 		Year Ended March 31,
  2023 2022 2021 2020 2019
Expenses excluding interest and fees     0.86%     0.85%     0.83%     0.88%     0.86%     0.87%
Interest and fee expense     1.28%     0.94%     0.36%     0.38%     0.89%     0.95%
Total expenses     2.14%     1.79%     1.19%     1.26%     1.75%     1.82%
Net investment income 5.45% 4.24% 3.25% 3.79% 3.57% 3.79%
52
See Notes to Financial Statements.

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Notes to Financial Statements (Unaudited)
1  Significant Accounting Policies
Eaton Vance Limited Duration Income Fund (the Fund) is a Massachusetts business trust registered under the Investment Company Act of 1940, as amended (the 1940 Act), as a diversified, closed-end management investment company. The Fund's primary investment objective is to provide a high level of current income. The Fund may, as a secondary objective, also seek capital appreciation to the extent it is consistent with its primary objective.
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—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) are valued generally at the average mean of bid and ask quotations obtained from a third party pricing service. Senior Loans, for which a valuation is not available or deemed unreliable, are fair valued by the investment adviser utilizing one or more of the valuation techniques described below to assess the likelihood that the borrower will make a full repayment of the loan underlying such Senior Loan. 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 relative to yields on other Senior Loans issued by companies of comparable credit quality. 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. 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 National Market System 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 the over-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. Futures contracts are valued at the closing settlement price established by the board of trade or exchange on which they are traded. 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 Fund’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. Swaps are normally valued using valuations provided by a third party pricing service. Such pricing service valuations are based on the present value of fixed and projected floating rate cash flows over the term of the swap contract, and in the case of credit default swaps, based on credit spread quotations obtained from broker/dealers and expected default recovery rates determined by the pricing service using proprietary models. Future cash flows on swaps are discounted to their present value using swap rates provided by electronic data services or by broker/dealers.
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. The daily valuation of exchange-traded foreign securities generally is determined as of the close of trading on the principal exchange on which such securities trade. Events occurring after the close of trading on foreign exchanges may result in adjustments to the valuation of foreign securities to more accurately reflect their fair value as of the close of regular trading on the New York Stock Exchange. When valuing foreign equity securities that meet certain criteria, the Fund's Trustees have approved the use of a fair value service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that have a strong correlation to the fair-valued securities.
Other. Investments in management investment companies (including money market funds) that do not trade on an exchange are valued at the net asset value as of the close of each business day.
53

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Notes to Financial Statements (Unaudited) — continued
Fair Valuation. In connection with Rule 2a-5 of the 1940 Act, the Trustees have designated the Fund’s investment adviser as its valuation designee. Investments for which valuations or market quotations are not readily available or are deemed unreliable are valued by the investment adviser, as valuation designee, at fair value using methods that most fairly reflect the security’s “fair value”, which is the amount that the Fund 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 the ex-dividend date for dividends received in cash and/or securities. Withholding taxes on foreign interest have been provided for in accordance with the Fund’s understanding of the applicable countries’ tax rules and rates. 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 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 September 30, 2023, 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 fiscal year-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 Fund may enter into certain loan agreements all or a portion of which may be unfunded. The Fund is obligated to fund these commitments at the borrower's discretion. These commitments are disclosed in the accompanying Portfolio of Investments. At September 30, 2023, the Fund 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 Fund’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  Fund) could be deemed to have personal liability for the obligations of the Fund. However, the Fund’s Declaration of Trust contains an express disclaimer of liability on the part of Fund shareholders and the By-laws provide that the Fund shall assume, upon request by the shareholder, the defense on behalf of any Fund shareholders. Moreover, the By-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.
I  Futures Contracts—Upon entering into a futures contract, the  Fund is required to deposit with the broker, either in cash or securities, an amount equal to a certain percentage of the contract amount (initial margin). Subsequent payments, known as variation margin, are made or received by the Fund each business day, depending on the daily fluctuations in the value of the underlying security, and are recorded as unrealized gains or losses by the Fund. Gains (losses) are realized upon the expiration or closing of the futures contracts. Should market conditions change unexpectedly, the Fund may not achieve the anticipated benefits of the futures contracts and may realize a loss. Futures contracts have minimal counterparty risk as they are exchange traded and the clearinghouse for the exchange is substituted as the counterparty, guaranteeing counterparty performance.
J  Forward Foreign Currency Exchange Contracts—The Fund 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. While forward foreign currency
54

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Notes to Financial Statements (Unaudited) — continued
exchange contracts are privately negotiated agreements between the Fund and a counterparty, certain contracts may be “centrally cleared”, whereby all payments made or received by the Fund pursuant to the contract are with a central clearing party (CCP) rather than the original counterparty. The CCP guarantees the performance of the original parties to the contract. Upon entering into centrally cleared contracts, the Fund is required to deposit with the CCP, either in cash or securities, an amount of initial margin determined by the CCP, which is subject to adjustment. For centrally cleared contracts, the daily change in valuation is recorded as a receivable or payable for variation margin and settled in cash with the CCP daily. 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. In the case of centrally cleared contracts, counterparty risk is minimal due to protections provided by the CCP.
K  Credit Default Swaps—When the Fund is the buyer of a credit default swap contract, the Fund is entitled to receive the par (or other agreed-upon) value of a referenced debt obligation (or basket of debt obligations) from the counterparty (or CCP in the case of a centrally cleared swap) to the contract if a credit event by a third party, such as a U.S. or foreign corporate issuer or sovereign issuer, on the debt obligation occurs. In return, the Fund pays the counterparty a periodic stream of payments over the term of the contract provided that no credit event has occurred. If no credit event occurs, the Fund would have spent the stream of payments and received no proceeds from the contract. When the Fund is the seller of a credit default swap contract, it receives the stream of payments, but is obligated to pay to the buyer of the protection an amount up to the notional amount of the swap and in certain instances take delivery of securities of the reference entity upon the occurrence of a credit event, as defined under the terms of that particular swap agreement. Credit events are contract specific but may include bankruptcy, failure to pay, restructuring, obligation acceleration and repudiation/moratorium. If the Fund is a seller of protection and a credit event occurs, the maximum potential amount of future payments that the Fund could be required to make would be an amount equal to the notional amount of the agreement. This potential amount would be partially offset by any recovery value of the respective referenced obligation, or net amount received from the settlement of a buy protection credit default swap agreement entered into by the Fund for the same referenced obligation. As the seller, the Fund may create economic leverage to its portfolio because, in addition to its total net assets, the Fund is subject to investment exposure on the notional amount of the swap. The interest fee paid or received on the swap contract, which is based on a specified interest rate on a fixed notional amount, is accrued daily as a component of unrealized appreciation (depreciation) and is recorded as realized gain upon receipt or realized loss upon payment. The Fund also records an increase or decrease to unrealized appreciation (depreciation) in an amount equal to the daily valuation. For centrally cleared swaps, the daily change in valuation is recorded as a receivable or payable for variation margin and settled in cash with the CCP daily. All upfront payments and receipts, if any, are amortized over the life of the swap contract as realized gains or losses. Those upfront payments or receipts for non-centrally cleared swaps are recorded as other assets or other liabilities, respectively, net of amortization. For financial reporting purposes, unamortized upfront payments or receipts, if any, are netted with unrealized appreciation or depreciation on swap contracts to determine the market value of swaps as presented in Notes 7 and 10. These transactions involve certain risks, including the risk that the seller may be unable to fulfill the transaction.
In the case of centrally cleared swaps, counterparty risk is minimal due to protections provided by the CCP.
L  When-Issued Securities and Delayed Delivery Transactions—The Fund may purchase securities on a delayed delivery, when-issued or forward commitment basis, including TBA (To Be Announced) securities. Payment and delivery may take place after the customary settlement period for that security. At the time the transaction is negotiated, the price of the security that will be delivered is fixed. Securities purchased on a delayed delivery, when-issued or forward commitment basis are marked-to-market daily and begin earning interest on settlement date. Such security purchases are subject to the risk that when delivered they will be worth less than the agreed upon payment price. Losses may also arise if the counterparty does not perform under the contract. A forward purchase commitment may also be closed by entering into an offsetting commitment. If an offsetting commitment is entered into, the Fund will realize a gain or loss on investments based on the price established when the Fund entered into the commitment. 
M  Stripped Mortgage-Backed Securities—The Fund may invest in Interest Only (IO) and Principal Only (PO) securities, a form of stripped mortgage-
backed securities, whereby the IO security receives all the interest and the PO security receives all the principal on a pool of mortgage assets. The yield to maturity on an IO security is extremely sensitive to the rate of principal payments (including prepayments) on the related underlying mortgage assets, and a rapid rate of principal payments may have a material adverse effect on the yield to maturity from these securities. If the underlying mortgages experience greater than anticipated prepayments of principal, the Fund may fail to recoup its initial investment in an IO security. The market value of IO and PO securities can be unusually volatile due to changes in interest rates.
N  Interim Financial Statements—The interim financial statements relating to September 30, 2023 and for the six months then 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  Auction Preferred Shares
The Fund issued Auction Preferred Shares (APS) on July 25, 2003 in a public offering. Dividends on the APS, which accrue daily, are cumulative at rates which are reset every seven days by an auction, unless a special dividend period has been set. Series of APS are identical in all respects except for the reset dates of the dividend rates. If the APS auctions do not successfully clear, the dividend payment rate over the next period for the APS holders is set at a specified maximum applicable rate until such time as the APS auctions are successful. Auctions have not cleared since February 13, 2008 and the rate since that date has been the maximum applicable rate (see Note 3). The maximum applicable rate on the APS is 160% of the “AA” Financial Composite Commercial Paper Rate at the date of the auction. The stated spread over the reference benchmark rate is determined based on the credit rating of the APS.
55

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Notes to Financial Statements (Unaudited) — continued
The number of APS issued and outstanding at September 30, 2023 are as follows:
  APS Issued and
Outstanding
Series A 1,728
Series B 1,728
Series C 1,728
Series D 1,728
Series E 1,728
The APS are redeemable at the option of the Fund at a redemption price equal to $25,000 per share, plus accumulated and unpaid dividends, on any dividend payment date. The APS are also subject to mandatory redemption at a redemption price equal to $25,000 per share, plus accumulated and unpaid dividends, if the Fund is in default for an extended period on its asset maintenance requirements with respect to the APS. If the dividends on the APS remain unpaid in an amount equal to two full years’ dividends, the holders of the APS as a class have the right to elect a majority of the Board of Trustees. In general, the holders of the APS and the common shares have equal voting rights of one vote per share, except that the holders of the APS, as a separate class, have the right to elect at least two members of the Board of Trustees. The APS have a liquidation preference of $25,000 per share, plus accumulated and unpaid dividends. The Fund is required to maintain certain asset coverage with respect to the APS as defined in the Fund's By-Laws and the 1940 Act. The Fund pays an annual fee up to 0.15% of the liquidation value of the APS to broker/dealers as a service fee if the auctions are unsuccessful; otherwise, the annual fee is 0.25%.
3  Distributions to Shareholders and Income Tax Information
The Fund intends to make monthly distributions of net investment income to common shareholders, after payment of any dividends on any outstanding APS. In addition, at least annually, the Fund intends to distribute all or substantially all of its net realized capital gains. Distributions to common shareholders are recorded on the ex-dividend date. Distributions to preferred shareholders are recorded daily and are payable at the end of each dividend period. The dividend rates for the APS at September 30, 2023, and the amount of dividends accrued (including capital gains, if any) to APS shareholders, average APS dividend rates (annualized), and dividend rate ranges for the six months then ended were as follows:
  APS Dividend
Rates at
September 30, 2023 		Dividends
Accrued to
APS
Shareholders 		Average
APS
Dividend
Rates 		Dividend
Rate
Ranges
(%)
Series A 8.73% $1,821,677 8.43% 7.73-8.73
Series B 8.73 1,820,650 8.43 7.73-8.73
Series C 8.68 1,822,862 8.44 7.73-8.73
Series D 8.68 1,825,825 8.45 7.74-8.73
Series E 8.73 1,819,055 8.42 7.74-8.73
Beginning February 13, 2008 and consistent with the patterns in the broader market for auction-rate securities, the Fund's APS auctions were unsuccessful in clearing due to an imbalance of sell orders over bids to buy the APS. As a result, the dividend rates of the APS were reset to the maximum applicable rates. The table above reflects such maximum dividend rate for each series as of September 30, 2023.
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 to paid-in capital. For tax purposes, distributions from short-term capital gains are considered to be from ordinary income.
Distributions in any year may include a return of capital component. For the six months ended September 30, 2023, the amount of distributions estimated to be a tax return of capital was approximately $14,641,000. The final determination of tax characteristics of the Fund’s distributions will occur at the end of the year, at which time it will be reported to the shareholders.
At March 31, 2023, the Fund, for federal income tax purposes, had deferred capital losses of $219,516,627 which would reduce its taxable income arising from future net realized gains on investment transactions, if any, to the extent permitted by the Internal Revenue Code, and thus would reduce the
56

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Notes to Financial Statements (Unaudited) — continued
amount of distributions to shareholders, which would otherwise be necessary to relieve the Fund of any liability for federal income or excise tax. The deferred capital losses are treated as arising on the first day of the Fund’s next taxable year and retain the same short-term or long-term character as when originally deferred. Of the deferred capital losses at March 31, 2023, $54,851,996 are short-term and $164,664,631 are long-term.
Additionally, at March 31, 2023, the Fund had a late year ordinary loss of $2,077,548 which it has elected to defer to the following taxable year pursuant to income tax regulations. Late year ordinary losses represent certain specified losses realized in that portion of a taxable year after October 31 that are treated as ordinary for tax purposes plus ordinary losses attributable to that portion of a taxable year after December 31.
The cost and unrealized appreciation (depreciation) of investments, including open derivative contracts, of the Fund at September 30, 2023, as determined on a federal income tax basis, were as follows:
Aggregate cost $2,129,405,527
Gross unrealized appreciation $ 16,516,472
Gross unrealized depreciation (191,780,034)
Net unrealized depreciation $ (175,263,562)
4  Investment Adviser Fee and Other Transactions with Affiliates
The investment adviser fee is earned by Eaton Vance Management (EVM), an indirect, wholly-owned subsidiary of Morgan Stanley, as compensation for investment advisory services rendered to the Fund. The fee is computed at an annual rate of 0.75% of the Fund’s average weekly gross assets and is payable monthly. Gross assets are calculated by deducting accrued liabilities of the Fund except the principal amount of any indebtedness for money borrowed, including debt securities issued by the Fund, and the amount of any outstanding preferred shares issued by the Fund. Accrued liabilities are expenses incurred in the normal course of operations. For the six months ended September 30, 2023, the investment adviser fee amounted to $6,467,390. EVM also serves as administrator of the Fund, but receives no compensation.
The Fund may invest in a money market fund, the Institutional Class of the Morgan Stanley Institutional Liquidity Funds - Government Portfolio (the “Liquidity Fund”), an open-end management investment company managed by Morgan Stanley Investment Management Inc., a wholly-owned subsidiary of Morgan Stanley. The investment adviser fee paid by the Fund is reduced by an amount equal to its pro rata share of the advisory and administration fees paid by the Fund due to its investment in the Liquidity Fund. For the six months ended September 30, 2023, the investment adviser fee paid was reduced by $21,815 relating to the Fund’s investment in the Liquidity Fund.
Trustees and officers of the Fund who are members of EVM’s organization receive remuneration for their services to the Fund out of the investment adviser fee. Trustees of the Fund who are not affiliated with EVM 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. Certain officers and Trustees of the Fund are officers of EVM.
5  Purchases and Sales of Investments
Purchases and sales of investments, other than short-term obligations and including maturities, paydowns, principal repayments on Senior Loans and TBA transactions, for the six months ended September 30, 2023 were as follows:
  Purchases Sales
Investments (non-U.S. Government) $ 207,063,729 $ 223,921,396
U.S. Government and Agency Securities 1,909,318,079 1,875,322,577
  $2,116,381,808 $2,099,243,973
6  Common Shares of Beneficial Interest
The Fund may issue common shares pursuant to its dividend reinvestment plan. There were no common shares issued by the Fund for the six months ended September 30, 2023 and the year ended March 31, 2023.
57

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Notes to Financial Statements (Unaudited) — continued
In November 2013, the Board of Trustees initially approved a share repurchase program for the Fund. Pursuant to the reauthorization of the share repurchase program by the Board of Trustees in March 2019, the Fund is authorized to repurchase up to 10% of its common shares outstanding as of the last day of the prior calendar year at market prices when shares are trading at a discount to net asset value. The share repurchase program does not obligate the Fund to purchase a specific amount of shares. There were no repurchases of common shares by the Fund for the six months ended September 30, 2023 and the year ended March 31, 2023.
7  Financial Instruments
The Fund may trade in financial instruments with off-balance sheet risk in the normal course of its investing activities. These financial instruments may include forward foreign currency exchange contracts, futures contracts and swap 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 Fund 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 September 30, 2023 is included in the Portfolio of Investments. At September 30, 2023, the Fund had sufficient cash and/or securities to cover commitments under these contracts.
In the normal course of pursuing its investment objectives, the Fund is subject to the following risks:
Credit Risk: The Fund enters into credit default swap contracts to enhance total return and/or as a substitute for the purchase of securities.
Foreign Exchange Risk: The Fund 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 Fund enters into forward foreign currency exchange contracts.
Interest Rate Risk: The Fund utilizes futures contracts to manage the duration of its portfolio and to hedge against fluctuations in securities prices due to interest rates.
The Fund enters into over-the-counter (OTC) derivatives that may contain provisions whereby the counterparty may terminate the contract under certain conditions, including but not limited to a decline in the Fund's net assets below a certain level over a certain period of time, which would trigger a payment by the Fund for those derivatives in a liability position. At September 30, 2023, the fair value of derivatives with credit-related contingent features in a net liability position was $313,572. The aggregate fair value of assets pledged as collateral by the Fund for such liability was $175,982 at September 30, 2023.
The OTC derivatives in which the Fund 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 Fund 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 Fund 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 Fund 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 Fund’s net assets decline by a stated percentage or the Fund fails to meet the terms of its ISDA Master Agreements, which would cause the counterparty to accelerate payment by the Fund 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 Fund and/or counterparty is held in segregated accounts by the Fund’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 Fund, a corresponding liability on the Statement of Assets and Liabilities. Securities pledged by the Fund 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 September 30, 2023 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 September 30, 2023.
58

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Notes to Financial Statements (Unaudited) — continued
The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) by risk exposure at September 30, 2023 was as follows:
  Fair Value
Statement of Assets and Liabilities Caption Credit Foreign
Exchange 		Interest
Rate 		Total
Accumulated loss $  — $ 91,893 $ 868,906* $ 960,799
Receivable for open forward foreign currency exchange contracts  — 4,098,391  — 4,098,391
Total Asset Derivatives $  — $4,190,284 $ 868,906 $5,059,190
Derivatives not subject to master netting or similar agreements $  — $ 91,893 $ 868,906 $ 960,799
Total Asset Derivatives subject to master netting or similar agreements $  — $4,098,391 $  — $4,098,391
Accumulated loss $  — $ (11,073) $ (131,347) $ (142,420)
Payable for open forward foreign currency exchange contracts  — (208,682)  — (208,682)
Payable for open swap contracts; Upfront receipts on open non-centrally cleared swap contracts (104,890)  —  — (104,890)
Total Liability Derivatives $(104,890) $ (219,755) $(131,347) $ (455,992)
Derivatives not subject to master netting or similar agreements $  — $ (11,073) $(131,347) $ (142,420)
Total Liability Derivatives subject to master netting or similar agreements $(104,890) $ (208,682) $  — $ (313,572)
* For futures contracts and centrally cleared derivatives, amount represents value as shown in the Portfolio of Investments. Only the current day’s variation margin on open futures contracts and centrally cleared derivatives is reported within the Statement of Assets and Liabilities as Receivable or Payable for variation margin on open futures contracts and centrally cleared derivatives, as applicable.
The Fund's derivative assets and liabilities at fair value by risk, which are reported gross in the Statement of Assets and Liabilities, are presented in the table above. The following tables present the Fund'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 Fund for such assets and pledged by the Fund for such liabilities as of September 30, 2023.
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) 		Total Cash
Collateral
Received
Australia and New Zealand Banking Group Limited $ 51,178 $ (37,244) $  — $  — $ 13,934 $  —
Bank of America, N.A. 527,739 (671)  — (527,068)  — 780,000
Citibank, N.A. 21,732 (21,732)  —  —  —  —
Goldman Sachs International 289,029 (33,814)  — (250,000) 5,215 250,000
HSBC Bank USA, N.A. 1,425,157 (8,066) (1,417,091)  —  —  —
NatWest Group PLC 36,974  —  —  — 36,974  —
Standard Chartered Bank 1,322,290  —  — (1,322,290)  — 1,500,000
State Street Bank and Trust Company 410,163 (121,970) (288,193)  —  — 680,000
The Toronto-Dominion Bank 14,129  —  —  — 14,129  —
  $4,098,391 $(223,497) $(1,705,284) $(2,099,358) $70,252 $3,210,000
59

Eaton Vance
Limited Duration Income Fund
September 30, 2023
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) 		Total Cash
Collateral
Pledged
Australia and New Zealand Banking Group Limited $ (37,244) $ 37,244 $  — $  — $  — $  —
Bank of America, N.A. (671) 671  —  —  —  —
Citibank, N.A. (111,807) 21,732 80,582 9,493  — 95,400
Goldman Sachs International (33,814) 33,814  —  —  —  —
HSBC Bank USA, N.A. (8,066) 8,066  —  —  —  —
State Street Bank and Trust Company (121,970) 121,970  —  —  —  —
  $(313,572) $223,497 $80,582 $9,493 $ — $ 95,400
Total — Deposits for derivatives collateral — OTC derivatives       $3,305,400
(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 by risk exposure for the six months ended September 30, 2023 was as follows:
Statement of Operations Caption Credit Foreign
Exchange 		Interest
Rate 		Total
Net realized gain (loss):        
Futures contracts $  — $  — $ 758,808 $ 758,808
Swap contracts (17,129)  —  — (17,129)
Forward foreign currency exchange contracts  — (185,572)  — (185,572)
Total $(17,129) $ (185,572) $ 758,808 $ 556,107
Change in unrealized appreciation (depreciation):        
Futures contracts $  — $  — $ 1,300,889 $ 1,300,889
Swap contracts 20,527  —  — 20,527
Forward foreign currency exchange contracts  — 5,530,917  — 5,530,917
Total $ 20,527 $5,530,917 $1,300,889 $6,852,333
The average notional cost of futures contracts and average notional amounts of other derivative contracts outstanding during the six months ended September 30, 2023, which are indicative of the volume of these derivative types, were approximately as follows:
Futures
Contracts — Long 		Futures
Contracts — Short 		Forward
Foreign Currency
Exchange Contracts* 		Swap
Contracts
$37,467,000 $35,096,000 $200,137,000 $2,832,000
* The average notional amount for forward foreign currency exchange contracts is based on the absolute value of notional amounts of currency purchased and currency sold.
60

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Notes to Financial Statements (Unaudited) — continued
8  Credit Agreement 
The Fund has entered into a Credit Agreement, as amended (the Agreement) with major financial institutions to borrow up to $800 million. Borrowings under the Agreement are secured by the assets of the Fund. Interest is charged at a rate above either the Secured Overnight Financing Rate (SOFR) or the Federal Funds rate and is payable monthly. Under the terms of the Agreement, in effect through December 14, 2023, the Fund pays a facility fee of 0.25% per annum on the borrowing limit. In connection with the renewal of the Agreement on December 17, 2021, the Fund paid an upfront fee of $1,440,000 which is being amortized to interest expense over a period of two years through December 2023. The unamortized balance at September 30, 2023 is approximately $608,000 and is included in prepaid upfront fees on notes payable on the Statement of Assets and Liabilities. The Fund is required to maintain certain net asset levels during the term of the Agreement. At September 30, 2023, the Fund had borrowings outstanding under the Agreement of $333,000,000 at an annual interest rate of 6.33%. Based on the short-term nature of the borrowings under the Agreement and the variable interest rate, the carrying amount of the borrowings at September 30, 2023 approximated its fair value. If measured at fair value, borrowings under the Agreement would have been considered as Level 2 in the fair value hierarchy (see Note 10) at September 30, 2023. Facility fees for the six months ended September 30, 2023 totaled $1,016,667 and are included in interest expense and fees on the Statement of Operations. For the six months ended September 30, 2023, the average borrowings under the Agreement and the average annual interest rate (excluding fees) were $302,382,514 and 6.50%, respectively.
9  Affiliated Investments
At September 30, 2023, the value of the Fund's investment in issuers and funds that may be deemed to be affiliated was $37,072,107, which represents 3.1% of the Fund's net assets applicable to common shares. Transactions in such investments by the Fund for the six months 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 		Interest/
Dividend
income 		Principal
amount/
Shares, end
of period
Commercial Mortgage-Backed Securities                
Morgan Stanley Bank of America Merrill Lynch Trust:                
Series 2014-C16, Class B, 4.438%, 6/15/47 $ 342,690 $  — $  — $  — $ (14,532) $ 328,827 $ 8,683 $ 363,000
Series 2015-C23, Class D, 4.276%, 7/15/50 2,054,435  —  —  — 192,021 2,253,613 63,939 2,670,000
Series 2016-C29, Class D, 3.00%, 5/15/49 2,540,356  —  —  — 19,006 2,569,828 64,127 3,577,365
Series 2016-C32, Class D, 3.396%, 12/15/49 1,054,795  —  —  — (4,930) 1,057,262 34,565 1,600,000
Morgan Stanley Capital I Trust:                
Series 2016-UBS12, Class D, 3.312%, 12/15/49 2,198,211  —  —  — 157,110 2,372,598 91,610 4,488,667
Series 2019-BPR, Class C, 8.972%, (1 mo. SOFR + 3.642%), 5/15/36 1,743,153  —  —  — 3,329 1,746,482 80,772 1,845,000
Short-Term Investments 
Liquidity Fund 26,067,123 299,857,183 (299,180,809)  —  — 26,743,497 808,415 26,743,497
Total       $ — $352,004 $37,072,107 $1,152,111  
61

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Notes to Financial Statements (Unaudited) — continued
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.
At September 30, 2023, the hierarchy of inputs used in valuing the Fund's investments and open derivative instruments, which are carried at value, were as follows:
Asset Description  Level 1 Level 2 Level 3* Total
Asset-Backed Securities $         — $   111,472,444 $        — $   111,472,444
Closed-End Funds 18,887,437            —        —    18,887,437
Collateralized Mortgage Obligations         —   141,926,289        —   141,926,289
Commercial Mortgage-Backed Securities         —    69,289,564        —    69,289,564
Common Stocks    790,944     6,427,593    89,061     7,307,598
Convertible Bonds         —     3,084,645        —     3,084,645
Corporate Bonds         —   638,669,389        —   638,669,389
Preferred Stocks         —       982,635         0       982,635
Senior Floating-Rate Loans (Less Unfunded Loan Commitments)         —   551,745,041 1,031,203   552,776,244
Sovereign Government Bonds         —    49,681,238        —    49,681,238
Sovereign Loans         —     5,507,310        —     5,507,310
U.S. Government Agency Mortgage-Backed Securities         —   322,603,457        —   322,603,457
Warrants         —            —         0             0
Miscellaneous         —        32,760         0        32,760
Short-Term Investments:        
Affiliated Fund 26,743,497            —        —    26,743,497
U.S. Treasury Obligations         —       499,268        —       499,268
Total Investments $ 46,421,878 $ 1,901,921,633 $ 1,120,264 $ 1,949,463,775
Forward Foreign Currency Exchange Contracts $         — $     4,190,284 $        — $     4,190,284
Futures Contracts    868,906            —        —       868,906
Total $ 47,290,784 $ 1,906,111,917 $ 1,120,264 $ 1,954,522,965
Liability Description         
Forward Foreign Currency Exchange Contracts $         — $      (219,755) $        — $      (219,755)
Futures Contracts   (131,347)            —        —      (131,347)
Swap Contracts         —      (104,890)        —      (104,890)
Total $   (131,347) $      (324,645) $       — $      (455,992)
* None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Fund.
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 September 30, 2023 is not presented.
62

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Notes to Financial Statements (Unaudited) — continued
11  Risks and Uncertainties
Risks Associated with Foreign Investments
Foreign investments can be adversely affected by political, economic and market developments abroad, including the imposition of economic and other sanctions by the United States or another country. There may be less publicly available information about foreign issuers because they may not be subject to reporting practices, requirements or regulations comparable to those to which United States companies are subject. Foreign markets may be smaller, less liquid and more volatile than the major markets in the United States. Trading in foreign markets typically involves higher expense than trading in the United States. The Fund may have difficulties enforcing its legal or contractual rights in a foreign country. Securities that trade or are denominated in currencies other than the U.S. dollar may be adversely affected by fluctuations in currency exchange rates.
12  Additional Information
On August 27, 2020, the Fund’s Board of Trustees (the “Board”) received a shareholder demand letter from counsel to Saba Capital Master Fund, Ltd., a hedge fund (“Saba”). Saba also filed claims against the Fund in a lawsuit in Suffolk County Superior Court in Massachusetts asserting breach of contract and fiduciary duty by the Fund and certain of its affiliates, the Fund’s adviser, and the Board, following the implementation by the Fund of by-law amendments that (i) require trustee nominees in contested elections to obtain affirmative votes of a majority of eligible shares in order to be elected and (ii) establish certain requirements related to shares obtained in “control share” acquisitions. With respect to the Fund, Saba seeks rescission of these by-law provisions and certain related relief. On March 31, 2021, the court allowed in part and denied in part a motion to dismiss Saba’s claims. Discovery is complete. On January 23, 2023, in ruling on the parties’ cross-motions for partial summary judgment, the court dismissed Saba’s claims for breach of fiduciary duty against the Board, while holding that the control share by-law amendment violated Section 18(i) of the 1940 Act. Additional claims and defenses will be addressed at trial, which is currently scheduled to begin in the Spring of 2024. While management of the Fund is unable to predict the outcome of this matter, it does not believe the outcome would result in the payment of any monetary damages by the Fund.
63

Eaton Vance
Limited Duration Income Fund
September 30, 2023
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 June 8, 2023, the Boards of Trustees/Directors (collectively, the “Board”) that oversee 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 agreements and sub-advisory agreements1 for each of the Eaton Vance Funds for an additional one-year period. 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 to each of the Eaton Vance Funds (including information specifically requested by the Board) for a series of formal meetings held between April and June 2023, as well as certain additional information provided in response to specific requests from the Independent Trustees as members of the Contract Review Committee. 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 agreements and sub-advisory agreements.
In connection with its evaluation of the investment advisory agreements and sub-advisory agreements, the Board considered various information relating to the Eaton Vance Funds. This included information applicable to all or groups of Eaton Vance Funds, which is referenced immediately below, and information applicable to the particular Eaton Vance Fund covered by this report (each “Eaton Vance Fund” is referred to below as a “fund”). (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 other 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, as relevant, total return data, income data, Sharpe ratios and information ratios) to the investment performance of comparable funds and, as applicable, benchmark indices, over various time periods;
• In certain instances, data regarding investment performance relative to customized groups of peer funds and blended indices identified by the adviser in consultation with the Portfolio Management Committee of the Board (a committee exclusively comprised of Independent Trustees);
•  Comparative information concerning the fees charged and services provided by the adviser and sub-adviser to each fund in managing other accounts (which may include other mutual funds, 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 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 value of fund assets, including, when necessary, the determination of “fair value” 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 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 to each fund as a result of brokerage allocation, including, as applicable, 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 and related information regarding active management in the context of particular strategies;
Information about each Adviser and Sub-adviser
•  Reports detailing the financial results and condition of the adviser and sub-adviser 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, as applicable;
1 Not all Eaton Vance Funds have entered into a sub-advisory agreement with a sub-adviser. Accordingly, references to “sub-adviser” or “sub-advisory agreement” in this “Overview” section may not be applicable to the particular Eaton Vance Fund covered by this report.
64

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Board of Trustees’ Contract Approval — continued
•  Information regarding the adviser’s and its parent company’s (Morgan Stanley’s) efforts to retain and attract talented investment professionals, including in the context of a competitive marketplace for talent, as well as the ongoing unique environment presented by hybrid, remote and other alternative work arrangements;
•  Information regarding the adviser’s compensation methodology for its investment professionals and the incentives and accountability it creates, along with investment professionals’ investments in the fund(s) they manage;
• The Code of Ethics of the adviser and its affiliates and the sub-adviser of each fund, together with information relating to compliance with, and the administration of, such codes;
•  Policies and procedures relating to proxy voting, including regular reporting with respect to fund proxy voting activities;
•  Information regarding the handling of corporate actions and class actions, as well as information regarding litigation and other regulatory matters;
•  Information concerning the resources devoted to compliance efforts undertaken by the adviser and its affiliates and the sub-adviser 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 of each fund, if any;
• 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 regarding ongoing initiatives to further integrate and harmonize, where applicable, the investment management and other departments of the adviser and its affiliates with the overall investment management infrastructure of Morgan Stanley, in light of Morgan Stanley’s acquisition of Eaton Vance Corp. on March 1, 2021;
•  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 oversight of the relationship with the custodian, subcustodians, fund accountants, and other third-party service providers by the adviser and/or administrator to each of the funds;
•  Information concerning efforts to implement policies and procedures with respect to various recently adopted regulations applicable to the funds, including Rule 12d1-4 (the Fund-of-Funds Rule), Rule 18f-4 (the Derivatives Rule) and Rule 2a-5 (the Fair Valuation Rule);
• For an Eaton Vance Fund structured as an exchange-listed closed-end fund, information concerning the benefits of the closed-end fund structure, as well as, where relevant, the closed-end fund’s market prices (including as compared to the closed-end fund’s net asset value (NAV)), trading volume data, continued use of auction preferred shares (where applicable), distribution rates and other relevant matters;
• The risks which the adviser and/or its affiliates incur in connection with the management and operation of the funds, including, among others, litigation, regulatory, entrepreneurial, and other business risks (and the associated costs of such risks); and
• The terms of each investment advisory agreement and sub-advisory agreement.
During the various meetings of the Board and its committees over the course of the year leading up to the June 8, 2023 meeting, the Board received information from portfolio managers and other investment professionals of the advisers and sub-advisers of the funds regarding investment and performance matters, and considered various investment and trading strategies used in pursuing the funds’ investment objectives. The Board 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, 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 agreements 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 agreement and sub-advisory agreement and the weight to be given to each such factor. The conclusions reached with respect to each investment advisory agreement 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 agreement and sub-advisory agreement. In evaluating each investment advisory agreement 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 to each of the Eaton Vance Funds.
Results of the Contract Review Process
Based on its consideration of the foregoing, and such other information it deemed relevant, including the factors and conclusions described below, the Contract Review Committee concluded that the continuation of the investment advisory agreement between Eaton Vance Limited Duration Income Fund (the “Fund”) and Eaton Vance Management (the “Adviser”), including its fee structure, is in the interests of shareholders and, therefore, recommended to the Board approval of the 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 agreement for the Fund.
65

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Board of Trustees’ Contract Approval — continued
Nature, Extent and Quality of Services
In considering whether to approve the investment advisory agreement for the Fund, the Board evaluated the nature, extent and quality of services provided to the Fund by the Adviser.
The Board considered the Adviser’s management capabilities and investment processes in light of the types of investments held by the Fund, including the education, experience and number of investment professionals and other personnel who provide portfolio management, investment research, and similar services to the Fund. In particular, the Board considered the abilities and experience of the Adviser’s investment professionals in analyzing factors such as credit risk in the context of investment grade and below investment grade investments. The Board considered the Adviser’s ability to implement the Fund’s investment strategy, including, with respect to the component of the Fund invested in below investment grade investments and bank loans, the Adviser’s deep and broad experience with investing in high-yield bonds and senior secured floating rate loans. The Board also considered, among other things, the Adviser’s experience investing in mortgage-backed securities and other investment grade instruments. As part of its evaluation, the Board considered the resources available to investment professionals of the Adviser. The Board also took into account the resources dedicated to portfolio management and other services, the compensation methods of the 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, 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, including the provision of administrative services. The Board also considered the business-related and other risks to which the Adviser or its affiliates may be subject in managing the Fund. The Board considered the deep experience of the Adviser and its affiliates with managing and operating funds organized as exchange-listed closed-end funds, such as the Fund. In this regard, the Board considered, among other things, the Adviser’s and its affiliates’ experience with implementing leverage arrangements, monitoring and assessing trading price discounts and premiums and adhering to the requirements of securities exchanges.
The Board considered the compliance programs of the 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 the 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 other administrative services provided or overseen 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.
After consideration of the foregoing factors, among others, the Board concluded that the nature, extent and quality of services provided by the Adviser, taken as a whole, are appropriate and consistent with the terms of the investment advisory agreement.
Fund Performance
The Board compared the Fund’s investment performance to that of comparable funds identified by an independent data provider (the peer group), as well as an appropriate benchmark index and a custom benchmark index. The Board’s review included comparative performance data with respect to the Fund for the one-, three-, five- and ten-year periods ended December 31, 2022. In this regard, the Board noted that the performance of the Fund was lower than the median performance of the Fund’s peer group for the three-year period. The Board also noted that the performance of the Fund was higher than its primary benchmark index and lower than its custom benchmark index for the three-year period. The Board considered information provided by the Adviser in response to inquiries from the Contract Review Committee regarding factors that contributed to the Fund’s underperformance during the three-year period, including the Fund’s use of leverage relative to its custom benchmark index, and determined to continue to monitor the Fund’s performance.
Management Fees and Expenses
The Board considered contractual fee rates payable 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 December 31, 2022, as compared to those of comparable funds, before and after giving effect to any undertaking to waive fees or reimburse expenses. 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 the 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 the Adviser and relevant affiliates thereof in providing investment advisory and administrative services to the Fund 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 the Adviser and its affiliates to third parties in respect of distribution or other 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 the Adviser and its affiliates are deemed not to be excessive. 
66

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Board of Trustees’ Contract Approval — continued
The Board also considered direct or indirect fall-out benefits received by the Adviser and its affiliates in connection with their respective relationships with the Fund, including the benefits of research services that may be available to the Adviser as a result of securities transactions effected for the Fund and other investment advisory clients.
Economies of Scale
In reviewing management fees and profitability, the Board also considered the extent to which the Adviser and its affiliates, on the one hand, and the Fund, on the other hand, can expect to realize benefits from economies of scale as the assets of the Fund 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 the 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 considered the fact that the Fund is not continuously offered and that the Fund’s assets are not expected to increase materially in the foreseeable future. Accordingly, the Board did not find that the implementation of breakpoints in the advisory fee schedule is warranted at this time.
67

Eaton Vance
Limited Duration Income Fund
September 30, 2023
Officers and Trustees
Officers
Kenneth A. Topping
President 		Nicholas S. Di Lorenzo
Secretary
Deidre E. Walsh
Vice President and Chief Legal Officer 		Richard F. Froio
Chief Compliance Officer
James F. Kirchner
Treasurer 		 
Trustees  
George J. Gorman
Chairperson 		 
Alan C. Bowser1  
Mark R. Fetting  
Cynthia E. Frost  
Valerie A. Mosley  
Anchal Pachnanda*2  
Keith Quinton  
Marcus L. Smith  
Susan J. Sutherland  
Scott E. Wennerholm  
Nancy A. Wiser  
 
* Interested Trustee
(1) Mr. Bowser began serving as Trustee effective January 4, 2023.
(2) Ms. Pachnanda began serving as Trustee effective April 1, 2023.
68

Eaton Vance Funds
Privacy Notice April 2021
FACTS WHAT DOES EATON VANCE DO WITH YOUR
PERSONAL INFORMATION?
Why?   Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. 
What?   The types of personal information we collect and share depend on the product or service you have with us. This information can include:
■ Social Security number and income
■ investment experience and risk tolerance
■ checking account number and wire transfer instructions 
How?   All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Eaton Vance chooses to share; and whether you can limit this sharing. 
Reasons we can share your
personal information 		Does Eaton Vance
share? 		Can you limit
this sharing?
For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus Yes No
For our marketing purposes — to offer our products and services to you Yes No
For joint marketing with other financial companies No We don’t share
For our investment management affiliates’ everyday business purposes — information about your transactions, experiences, and creditworthiness Yes Yes
For our affiliates’ everyday business purposes — information about your transactions and experiences Yes No
For our affiliates’ everyday business purposes — information about your creditworthiness No We don’t share
For our investment management affiliates to market to you Yes Yes
For our affiliates to market to you No We don’t share
For nonaffiliates to market to you No We don’t share
To limit our
sharing  		Call toll-free 1-800-262-1122 or email: EVPrivacy@eatonvance.com
Please note:
If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. 
Questions?   Call toll-free 1-800-262-1122 or email: EVPrivacy@eatonvance.com 
69

Eaton Vance Funds
Privacy Notice — continued April 2021
Page 2
Who we are
Who is providing this notice? Eaton Vance Management, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd., Eaton Vance Global Advisors Limited, Eaton Vance Management’s Real Estate Investment Group, Boston Management and Research, Calvert Research and Management, Eaton Vance and Calvert Fund Families and our investment advisory affiliates (“Eaton Vance”) (see Investment Management Affiliates definition below)
What we do
How does Eaton Vance
protect my personal
information? 		To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We have policies governing the proper handling of customer information by personnel and requiring third parties that provide support to adhere to appropriate security standards with respect to such information.
How does Eaton Vance
collect my personal
information? 		We collect your personal information, for example, when you
■ open an account or make deposits or withdrawals from your account
■ buy securities from us or make a wire transfer
■ give us your contact information
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
Why can’t I limit all sharing? Federal law gives you the right to limit only
■ sharing for affiliates’ everyday business purposes — information about your creditworthiness
■ affiliates from using your information to market to you
■ sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.
Definitions
Investment Management
Affiliates 		Eaton Vance Investment Management Affiliates include registered investment advisers, registered broker- dealers, and registered and unregistered funds. Investment Management Affiliates does not include entities associated with Morgan Stanley Wealth Management, such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co.
Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies.
■ Our affiliates include companies with a Morgan Stanley name and financial companies such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co.
Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies.
■ Eaton Vance does not share with nonaffiliates so they can market to you.
Joint marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
■ Eaton Vance doesn’t jointly market.
Other important information
Vermont: Except as permitted by law, we will not share personal information we collect about Vermont residents with Nonaffiliates unless you provide us with your written consent to share such information.
California: Except as permitted by law, we will not share personal information we collect about California residents with Nonaffiliates and we will limit sharing such personal information with our Affiliates to comply with California privacy laws that apply to us.
70

Eaton Vance Funds
IMPORTANT NOTICES
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. Equiniti Trust Company, LLC (“EQ”), the closed-end funds transfer agent, or your financial intermediary, may household the mailing of your documents indefinitely unless you instruct EQ, or your financial intermediary, otherwise. If you would prefer that your Eaton Vance documents not be householded, please contact EQ or your financial intermediary. Your instructions that householding not apply to delivery of your Eaton Vance documents will typically be effective within 30 days of receipt by EQ or your financial intermediary.
Portfolio Holdings. Each Eaton Vance Fund and its underlying Portfolio(s) (if applicable) files a schedule of portfolio holdings on Part F to Form N-PORT with the SEC. Certain information filed on Form N-PORT may be viewed on the Eaton Vance website at www.eatonvance.com, by calling Eaton Vance at 1-800-262-1122 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 recent 12-month period ended June 30, without charge, upon request, by calling 1-800-262-1122 and by accessing the SEC’s website at www.sec.gov.
Share Repurchase Program. The Fund's Board of Trustees has approved a share repurchase program authorizing the Fund to repurchase up to 10% of its common shares outstanding as of the last day of the prior calendar year in open-market transactions at a discount to net asset value. The repurchase program does not obligate the Fund to purchase a specific amount of shares. The Fund's repurchase activity, including the number of shares purchased, average price and average discount to net asset value, is disclosed in the Fund's annual and semi-annual reports to shareholders.
Additional Notice to Shareholders. If applicable, a Fund may also redeem or purchase its outstanding preferred shares in order to maintain compliance with regulatory requirements, borrowing or rating agency requirements or for other purposes as it deems appropriate or necessary.
Closed-End Fund Information. Eaton Vance closed-end funds make fund performance data and certain information about portfolio characteristics available on the Eaton Vance website shortly after the end of each month. Other information about the funds is available on the website. The funds’ net asset value per share is readily accessible on the Eaton Vance website. Portfolio holdings for the most recent month-end are also posted to the website approximately 30 days following the end of the month. This information is available at www.eatonvance.com on the fund information pages under “Closed-End Funds & Term Trusts.”
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This Page Intentionally Left Blank

Investment Adviser and Administrator
Eaton Vance Management
Two International Place
Boston, MA 02110
Custodian
State Street Bank and Trust Company
One Congress Street, Suite 1
Boston, MA 02114-2016
Transfer Agent
Equiniti Trust Company, LLC
6201 15th Avenue
Brooklyn, NY 11219
Fund Offices
Two International Place
Boston, MA 02110

7731    9.30.23

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 required in this filing.

Item 6. Schedule of Investments

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

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

Not required in this filing.

Item 8. Portfolio Managers of Closed-End Management Investment Companies

Eaton Vance Management (“EVM” or “Eaton Vance”) is the investment adviser of the Fund. Kelley Gerrity, Tara O’Brien, Catherine McDermott, Andrew Szczurowski, CFA and Eric Stein, CFA are the portfolio managers of Eaton Vance Limited Duration Income Fund. Mmes. Gerrity and McDermott and Messrs. Szczurowski and Stein are Vice President of EVM, manage other Eaton Vance portfolios and have been members of the Eaton Vance organization for more than five years. Ms. O’Brien became a portfolio manager of the Fund in June 2023. Ms. O’Brien is a Vice President of EVM and has been a member of the Eaton Vance organization for more than five years. This information is provided as of the date of filing this report.

The following table shows, as of September 30, 2023, the number of accounts each portfolio manager managed in each of the listed categories and the total assets (in millions of dollars) in the accounts managed within each category. The table also shows the number of accounts with respect to which the advisory fee is based on the performance of the account, if any, and the total assets (in millions of dollars) in those accounts.

 

     Number of
All
Accounts		      Total Assets of
All
Accounts		      Number of
Accounts
Paying a
Performance Fee		      Total Assets
of Accounts
Paying
a Performance
Fee		  

Kelley Gerrity(1)

            

Registered Investment Companies

      7      $ 10,612.3        0      $ 0  

Other Pooled Investment Vehicles

      1      $ 20.6        0      $ 0  

Other Accounts

      0      $ 0        0      $ 0  

Catherine C. McDermott

            

Registered Investment Companies

      6      $ 3,759.8        0      $ 0  

Other Pooled Investment Vehicles

      0      $ 0        0      $ 0  

Other Accounts

      0      $ 0        0      $ 0  

Eric A. Stein, CFA(1)

            

Registered Investment Companies

      3      $ 6,262.7        0      $ 0  

Other Pooled Investment Vehicles

      1      $ 61.6        0      $ 0  

Other Accounts

      0      $ 0        0      $ 0  

Andrew Szczurowski, CFA(1)

            

Registered Investment Companies

      6      $ 11,337.5        0      $ 0  

Other Pooled Investment Vehicles

      2      $ 84.9        0      $ 0  

Other Accounts

      0      $ 0        0      $ 0  

Tara O’Brien

            

Registered Investment Companies

      1      $ 2,044.9        0      $ 0  

Other Pooled Investment Vehicles

      0      $ 0        0      $ 0  

Other Accounts

      0      $ 0        0      $ 0  

 

(1) 

This portfolio manager serves as portfolio manager of one or more registered investment companies and/or pooled investment vehicles that invest or may invest in one or more underlying registered investment companies and/or separate pooled investment vehicles in the Eaton Vance family of funds. The underlying investment companies may be managed by this portfolio manager or another portfolio manager.

The following table shows the dollar range of Fund shares beneficially owned by each portfolio manager as of September 30, 2023.

 

Portfolio Manager

    Dollar Range of Equity Securities
Beneficially Owned in the Fund

Kelley Gerrety

    None

Catherine C. McDermott

    None

Eric A. Stein, CFA

    $1 - $10,000  

Andrew Szczurowski, CFA

    $10,001 - $50,000  

Tara O’Brien

    None

Potential for Conflicts of Interest. It is possible that conflicts of interest may arise in connection with a portfolio manager’s management of the Fund’s investments on the one hand and the investments of other accounts for which a portfolio manager is responsible on the other. For example, a portfolio manager may have conflicts of interest in allocating management time, resources and investment opportunities among the Fund and other accounts he or she advises. In addition, due to differences in the investment strategies or restrictions between the Fund and the other accounts, the portfolio manager may take action with respect to another account that differs from the action taken with respect to the Fund. In some cases, another account managed by a portfolio manager may compensate the investment adviser based on the performance of the securities held by that account. The existence of such a performance based fee may create additional conflicts of interest for the portfolio manager in the allocation of management time, resources and investment opportunities. Whenever conflicts of interest arise, the portfolio manager will endeavor to exercise his or her discretion in a manner that he or she believes is equitable to all interested persons. EVM has adopted several policies and procedures designed to address these potential conflicts including a code of ethics and policies that govern the investment adviser’s trading practices, including among other things the aggregation and allocation of trades among clients, brokerage allocations, cross trades and best execution.

Compensation Structure for EVM

The compensation structure of Eaton Vance and its affiliates that are investment advisers (for purposes of this section “Eaton Vance”) is based on a total reward system of base salary and incentive compensation, which is paid either in the form of cash bonus, or for employees meeting the specified deferred compensation eligibility threshold, partially as a cash bonus and partially as mandatory deferred compensation. Deferred compensation granted to Eaton Vance employees is generally granted as a mix of deferred cash awards under the Investment Management Alignment Plan (IMAP) and equity-based awards in the form of stock units. The portion of incentive compensation granted in the form of a deferred compensation award and the terms of such awards are determined annually by the Compensation, Management Development and Succession Committee of Morgan Stanley.

Base salary compensation. Generally, portfolio managers receive base salary compensation based on the level of their position with the adviser.

Incentive compensation. In addition to base compensation, portfolio managers may receive discretionary year-end compensation. Incentive compensation may include:

 

  •  

Cash bonus

 

  •  

Deferred compensation:

 

  •  

A mandatory program that defers a portion of incentive compensation into restricted stock units or other awards based on Morgan Stanley common stock or other plans that are subject to vesting and other conditions.

 

  •  

IMAP is a cash-based deferred compensation plan designed to increase the alignment of participants’ interests with the interests of clients. For eligible employees, a portion of their deferred compensation is mandatorily deferred into IMAP on an annual basis. Awards granted under IMAP are notionally invested in referenced funds available pursuant to the plan, which are funds advised by MSIM and its affiliates that are investment advisers. Portfolio managers are required to notionally invest a minimum of 40% of their account balance in the designated funds that they manage and are included in the IMAP notional investment fund menu.

 

  •  

Deferred compensation awards are typically subject to vesting over a multi-year period and are subject to cancellation through the payment date for competition, cause (i.e., any act or omission that constitutes a breach of obligation to the Funds, including failure to comply with internal compliance, ethics or risk management standards, and failure or refusal to perform duties satisfactorily, including supervisory and management duties), disclosure of proprietary information, and solicitation of employees or clients. Awards are also subject to clawback through the payment date if an employee’s act or omission (including with respect to direct supervisory responsibilities) causes a restatement of the firm’s consolidated financial results, constitutes a violation of the firm’s global risk management principles, policies and standards, or causes a loss of revenue associated with a position on which the employee was paid and the employee operated outside of internal control policies.

Eaton Vance compensates employees based on principles of pay-for-performance, market competitiveness and risk management. Eligibility for, and the amount of any, discretionary compensation is subject to a multi-dimensional process. Specifically, consideration is given to one or more of the following factors, which can vary by portfolio management team and circumstances:

 

  •  

Revenue and profitability of the business and/or each fund/account managed by the portfolio manager

 

  •  

Revenue and profitability of the Firm

 

  •  

Return on equity and risk factors of both the business units and Morgan Stanley

 

  •  

Assets managed by the portfolio manager

 

  •  

External market conditions

 

  •  

New business development and business sustainability

 

  •  

Contribution to client objectives

 

  •  

Team, product and/or MSIM and its affiliates that are investment advisers (including Eaton Vance) performance

 

  •  

The pre-tax investment performance of the funds/accounts managed by the portfolio manager (which may, in certain cases, be measured against the applicable benchmark(s) and/or peer group(s) over one, three and five-year periods)

 

  •  

Individual contribution and performance

Further, the firm’s Global Incentive Compensation Discretion Policy requires compensation managers to consider Further the only legitimate, business related factors when exercising discretion in determining variable incentive compensation, including adherence to Morgan Stanley’s core values, conduct, disciplinary actions in the current performance year, risk management and risk outcomes.

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

No such purchases this period.

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 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 for Closed-End Management Investment Companies

No activity to report for the registrant’s most recent fiscal year end.

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 Limited Duration Income Fund
By:  

/s/ Kenneth A. Topping

  Kenneth A. Topping
  President

Date: November 21, 2023

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: November 21, 2023

 

By:  

/s/ Kenneth A. Topping

  Kenneth A. Topping
  President

Date: November 21, 2023

Eaton Vance Limited Duration Income Fund

FORM N-CSR

Exhibit 13(a)(2)(i)

CERTIFICATION

I, James F. Kirchner, certify that:

1. I have reviewed this report on Form N-CSR of Eaton Vance Limited Duration Income Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during 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; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 21, 2023      

/s/ James F. Kirchner

      James F. Kirchner
      Treasurer

Eaton Vance Limited Duration Income Fund

FORM N-CSR

Exhibit 13(a)(2)(ii)

CERTIFICATION

I, Kenneth A. Topping, certify that:

1. I have reviewed this report on Form N-CSR of Eaton Vance Limited Duration Income Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during 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; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 21, 2023      

/s/ Kenneth A. Topping

      Kenneth A. Topping
      President

 

Form N-CSR Item 13(b) Exhibit

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The undersigned hereby certify in their capacity as Treasurer and President, respectively, of Eaton Vance Limited Duration Income Fund (the “Fund”), that:

 

(a)

The Semiannual Report of the Fund on Form N-CSR for the period ended September 30, 2023 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

 

(b)

The information contained in the Report fairly presents, in all material respects, the financial condition and the results of operations of the Fund for such period.

A signed original of this written statement required by section 906 has been provided to the Fund and will be retained by the Fund and furnished to the Securities and Exchange Commission or its staff upon request.

Eaton Vance Limited Duration Income Fund

Date: November 21, 2023

 

/s/ James F. Kirchner

James F. Kirchner
Treasurer

Date: November 21, 2023

 

/s/ Kenneth A. Topping

Kenneth A. Topping
President
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