Edgar Filing: Eaton Vance Short Duration Diversified Income Fund

Eaton Vance Short Duration Diversified Income Fund

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: 811-21563

Eaton Vance Short Duration Diversified Income Fund

(Exact Name of Registrant as Specified in Charter)

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

(617) 482-8260

(Registrant’s Telephone Number)

October 31

Date of Fiscal Year End

April 30, 2015

Date of Reporting Period

Item 1. Reports to Stockholders

LOGO

Eaton Vance

Short Duration Diversified Income Fund (EVG)

Semiannual Report

April 30, 2015

LOGO

Commodity Futures Trading Commission Registration. Effective December 31, 2012, the Commodity Futures Trading Commission (“CFTC”) adopted certain regulatory changes that subject registered investment companies and advisers to regulation by the CFTC if a fund invests more than a prescribed level of its assets in certain CFTC-regulated instruments (including futures, certain options and swap agreements) or markets itself as providing investment exposure to such instruments. The Fund is considered to be a commodity pool operator under CFTC regulations. The Fund’s adviser is registered with the CFTC as a commodity pool operator and a commodity trading advisor. The CFTC has neither reviewed nor approved the Fund’s investment strategies.

Managed Distribution Plan. Pursuant to an exemptive order issued by the Securities and Exchange Commission (Order), the Fund is authorized to distribute long-term capital gains to shareholders more frequently than once per year. Pursuant to the Order, the Fund’s Board of Trustees approved a Managed Distribution Plan (MDP) pursuant to which the Fund makes monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share.

The Fund currently distributes monthly cash distributions equal to $0.09 per share in accordance with the MDP. You should not draw any conclusions about the Fund’s investment performance from the amount of these distributions or from the terms of the MDP. The MDP will be subject to regular periodic review by the Fund’s Board of Trustees and the Board may amend or terminate the MDP at any time without prior notice to Fund shareholders. However, at this time there are no reasonably foreseeable circumstances that might cause the termination of the MDP.

The Fund may distribute more than its net investment income and net realized capital gains and, therefore, a distribution may include a return of capital. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” With each distribution, the Fund will issue a notice to shareholders and a press release containing information about the amount and sources of the distribution and other related information. The amounts and sources of distributions contained in the notice and press release are only estimates and are not provided for tax purposes. The amounts and sources of the Fund’s distributions for tax purposes will be reported to shareholders on Form 1099-DIV for each calendar year.

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.

Semiannual Report April 30, 2015

Eaton Vance

Short Duration Diversified Income Fund

Table of Contents


Performance			2

Fund Profile			2

Endnotes and Additional Disclosures			3

Consolidated Financial Statements			4

Annual Meeting of Shareholders			44

Board of Trustees’ Contract Approval			45

Officers and Trustees			48

Important Notices			49

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Performance¹

Portfolio Managers Scott H. Page, CFA, Payson F. Swaffield, CFA, Catherine C. McDermott, Andrew Szczurowski, CFA and Eric Stein, CFA


% Average Annual Total Returns	Inception Date		Six Months			One Year			Five Years			Ten Years
Fund at NAV		02/28/2005		2.59	%		4.76	%		4.35	%		6.11	%
Fund at Market Price		—		5.43			4.62			3.38			5.58


% Premium/Discount to NAV²
													–9.23	%


Distributions³
Total Distributions per share for the period												$	0.540
Distribution Rate at NAV													6.64	%
Distribution Rate at Market Price													7.32	%


% Total Leverage⁴
Derivatives													22.86	%
Borrowings													20.90

Fund Profile

Asset Allocation (% of total leveraged assets)⁵

LOGO

See Endnotes and Additional Disclosures in this report.

Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance less than 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

Short Duration Diversified Income Fund

April 30, 2015

Endnotes and Additional Disclosures

¹	Performance results reflect the effects of leverage. Absent an expense waiver by the investment adviser, if applicable, the returns would be lower.

²	The shares of the Fund often trade at a discount or premium from their net asset value. The discount or premium of the Fund 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 http://eatonvance.com/closedend.

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 may be comprised of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains and nondividend distributions, also known as return of capital. For additional information about nondividend distributions, please refer to Eaton Vance Closed-End Fund Distribution Notices (19a) posted on our website, eatonvance.com. The Fund will determine the federal income tax character of distributions paid to a shareholder after the end of the calendar year. This is reported on the IRS form 1099-DIV and provided to the shareholder shortly after each year-end. For information about the tax character of distributions made in prior calendar years, please refer to Performance-Tax Character of Distributions on the Fund’s webpage available at eatonvance. com. The Fund’s distributions are determined by the investment adviser based on its current assessment of the Fund’s long-term return potential. As portfolio and market conditions change, the rate of distributions paid by the Fund could change.

⁴

The Fund employs leverage through derivatives and borrowings. Total leverage is shown as a percentage of the Fund’s aggregate net assets plus the absolute notional value of long and short derivatives and borrowings outstanding. Use of leverage creates an opportunity for income, but creates risks including greater price volatility. The cost of borrowings 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.

⁵

Total leveraged assets include all assets of the Fund (including those acquired with financial leverage) and derivatives held by the Fund. Asset Allocation as a percentage of the Fund’s net assets amounted to 177.8%. Please refer to the definition of total leveraged assets within the Notes to Consolidated Financial Statements included herein.

Fund profile subject to change due to active management.


		3

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited)


Senior Floating-Rate Interests — 55.2%⁽¹⁾


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Aerospace and Defense — 0.7%
BE Aerospace, Inc.
Term Loan, 4.00%, Maturing December 16, 2021		200	$	201,969
DAE Aviation Holdings, Inc.
Term Loan, 5.00%, Maturing November 2, 2018		123		123,777
Silver II US Holdings, LLC
Term Loan, 4.00%, Maturing December 13, 2019		366		357,301
Standard Aero Limited
Term Loan, 5.00%, Maturing November 2, 2018		56		56,017
Transdigm, Inc.
Term Loan, 3.75%, Maturing February 28, 2020		905		908,748
Term Loan, 3.75%, Maturing June 4, 2021		323		323,747

			$	1,971,559


Air Transport — 0.1%
Virgin America, Inc.
Term Loan, 4.50%, Maturing April 4, 2019		450	$	411,525

			$	411,525


Automotive — 2.2%
Affinia Group Intermediate Holdings, Inc.
Term Loan, 4.75%, Maturing April 27, 2020		78	$	78,424
Allison Transmission, Inc.
Term Loan, 3.50%, Maturing August 23, 2019		615		619,542
Chrysler Group, LLC
Term Loan, 3.50%, Maturing May 24, 2017		886		888,955
Term Loan, 3.25%, Maturing December 31, 2018		371		372,138
CS Intermediate Holdco 2, LLC
Term Loan, 4.00%, Maturing April 4, 2021		571		574,254
Dayco Products, LLC
Term Loan, 5.25%, Maturing December 12, 2019		173		174,116
Federal-Mogul Holdings Corporation
Term Loan, 4.75%, Maturing April 15, 2021		670		669,854
Goodyear Tire & Rubber Company (The)
Term Loan - Second Lien, 4.75%, Maturing April 30, 2019		958		970,312
INA Beteiligungsgesellschaft GmbH
Term Loan, 4.25%, Maturing May 15, 2020		200		201,958
MPG Holdco I, Inc.
Term Loan, 4.25%, Maturing October 20, 2021		516		518,535
TI Group Automotive Systems, LLC
Term Loan, 4.25%, Maturing July 2, 2021		645		647,141
Tower Automotive Holdings USA, LLC
Term Loan, 4.00%, Maturing April 23, 2020		606		608,536


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Automotive (continued)
Visteon Corporation
Term Loan, 3.50%, Maturing April 9, 2021		174	$	173,878

			$	6,497,643


Beverage and Tobacco — 0.1%
Flavors Holdings, Inc.
Term Loan, 6.75%, Maturing April 3, 2020		146	$	141,863

			$	141,863


Brokerage / Securities Dealers / Investment Houses — 0.0%⁽²⁾
Astro AB Borrower, Inc.
Term Loan, Maturing April 30, 2022⁽³⁾		75	$	76,031

			$	76,031


Building and Development — 0.9%
ABC Supply Co., Inc.
Term Loan, 3.50%, Maturing April 16, 2020		246	$	247,266
CPG International, Inc.
Term Loan, 4.75%, Maturing September 30, 2020		99		98,069
Gates Global, Inc.
Term Loan, 4.25%, Maturing July 5, 2021		1,047		1,049,081
Headwaters, Incorporated
Term Loan, 4.50%, Maturing March 24, 2022		50		50,375
Ply Gem Industries, Inc.
Term Loan, 4.00%, Maturing February 1, 2021		496		496,241
Quikrete Holdings, Inc.
Term Loan, 4.00%, Maturing September 28, 2020		165		166,125
RE/MAX International, Inc.
Term Loan, 4.25%, Maturing July 31, 2020		355		354,454
WireCo WorldGroup, Inc.
Term Loan, 6.00%, Maturing February 15, 2017		92		92,418

			$	2,554,029


Business Equipment and Services — 4.7%
Acosta Holdco, Inc.
Term Loan, 4.25%, Maturing September 26, 2021		647	$	654,834
Altisource Solutions S.a.r.l.
Term Loan, 4.50%, Maturing December 9, 2020		518		448,422
AVSC Holding Corp.
Term Loan, 4.50%, Maturing January 24, 2021		74		74,621
Brickman Group Ltd., LLC
Term Loan, 4.00%, Maturing December 18, 2020		148		148,663
Ceridian, LLC
Term Loan, 4.50%, Maturing September 15, 2020		620		620,391


		4		See Notes to Consolidated Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value


Business Equipment and Services (continued)
ClientLogic Corporation
Term Loan, 7.53%, Maturing January 30, 2017			165	$	164,504
Corporate Capital Trust, Inc.
Term Loan, 4.00%, Maturing May 15, 2019			571		571,583
Education Management, LLC
Term Loan, 5.50%, Maturing July 2, 2020			80		71,920
Term Loan, 8.50%, (2.00% Cash, 6.50% PIK), Maturing July 2, 2020			135		108,568
EIG Investors Corp.
Term Loan, 5.00%, Maturing November 9, 2019			465		460,852
Emdeon Business Services, LLC
Term Loan, 3.75%, Maturing November 2, 2018			268		269,040
Expert Global Solutions, Inc.
Term Loan, 8.50%, Maturing April 3, 2018			115		115,779
Extreme Reach, Inc.
Term Loan, 6.75%, Maturing February 7, 2020			140		141,231
Garda World Security Corporation
Term Loan, 4.00%, Maturing November 6, 2020			60		60,345
Term Loan, 4.00%, Maturing November 6, 2020			236		235,895
Genpact International, Inc.
Term Loan, 3.50%, Maturing August 30, 2019			318		319,026
IG Investment Holdings, LLC
Term Loan, 6.00%, Maturing October 29, 2021			370		370,529
IMS Health Incorporated
Term Loan, 3.50%, Maturing March 17, 2021			992		994,653
Information Resources, Inc.
Term Loan, 4.75%, Maturing September 30, 2020			222		222,940
ION Trading Technologies S.a.r.l.
Term Loan, 4.50%, Maturing June 10, 2021	EUR		180		204,538
Term Loan - Second Lien, 7.25%, Maturing June 10, 2022			200		199,500
KAR Auction Services, Inc.
Term Loan, 3.50%, Maturing March 11, 2021			544		545,824
Kronos Incorporated
Term Loan, 4.50%, Maturing October 30, 2019			439		442,705
Term Loan - Second Lien, 9.75%, Maturing April 30, 2020			200		206,285
MCS AMS Sub-Holdings, LLC
Term Loan, 7.00%, Maturing October 15, 2019			91		88,504
Monitronics International, Inc.
Term Loan, 4.25%, Maturing March 23, 2018			99		99,117
Term Loan, 4.50%, Maturing April 2, 2022			125		125,781
PGX Holdings, Inc.
Term Loan, 6.25%, Maturing September 29, 2020			99		99,676
Quintiles Transnational Corp.
Term Loan, 3.75%, Maturing June 8, 2018			812		815,040


Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value


Business Equipment and Services (continued)
RCS Capital Corporation
Term Loan, 6.50%, Maturing April 29, 2019			168	$	166,543
Sensus USA, Inc.
Term Loan, 4.50%, Maturing May 9, 2017			120		119,930
ServiceMaster Company
Term Loan, 4.25%, Maturing July 1, 2021			423		424,591
SunGard Data Systems, Inc.
Term Loan, 3.93%, Maturing February 28, 2017			32		32,554
Term Loan, 4.00%, Maturing March 8, 2020			1,482		1,493,219
TNS, Inc.
Term Loan, 5.00%, Maturing February 14, 2020			170		170,908
TransUnion, LLC
Term Loan, 4.00%, Maturing April 9, 2021			1,016		1,021,959
Travelport Finance (Luxembourg) S.a.r.l.
Term Loan, 5.75%, Maturing September 2, 2021			224		227,050
West Corporation
Term Loan, 3.25%, Maturing June 30, 2018			1,301		1,305,239

				$	13,842,759


Cable and Satellite Television — 1.2%
Atlantic Broadband Finance, LLC
Term Loan, 3.25%, Maturing November 30, 2019			132	$	131,966
Cequel Communications, LLC
Term Loan, 3.50%, Maturing February 14, 2019			736		739,509
CSC Holdings, Inc.
Term Loan, 2.68%, Maturing April 17, 2020			311		310,374
MCC Iowa, LLC
Term Loan, 3.25%, Maturing January 29, 2021			172		171,508
Term Loan, 3.75%, Maturing June 30, 2021			149		149,480
Mediacom Illinois, LLC
Term Loan, 3.75%, Maturing June 30, 2021			75		74,882
Numericable U.S., LLC
Term Loan, 4.50%, Maturing May 21, 2020			174		174,440
Term Loan, 4.50%, Maturing May 21, 2020			201		201,633
Virgin Media Bristol, LLC
Term Loan, 3.50%, Maturing June 7, 2020			684		685,215
Virgin Media Investment Holdings Limited
Term Loan, 4.25%, Maturing June 30, 2023	GBP		300		463,378
Ziggo B.V.
Term Loan, 3.75%, Maturing January 15, 2022	EUR		65		73,615
Term Loan, 3.75%, Maturing January 15, 2022	EUR		101		114,270
Term Loan, 3.75%, Maturing January 15, 2022	EUR		183		206,832

				$	3,497,102


		5		See Notes to Consolidated Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value


Chemicals and Plastics — 2.9%
Aruba Investments, Inc.
Term Loan, 5.25%, Maturing February 2, 2022			50	$	50,530
Axalta Coating Systems US Holdings, Inc.
Term Loan, 3.75%, Maturing February 1, 2020			516		518,583
AZ Chem US, Inc.
Term Loan, 4.50%, Maturing June 12, 2021			115		115,851
Colouroz Investment 1, GmbH
Term Loan, 4.75%, Maturing September 7, 2021			25		24,933
Term Loan, 4.75%, Maturing September 7, 2021			149		150,824
ECO Services Operations, LLC
Term Loan, 4.75%, Maturing December 4, 2021			75		75,561
Emerald Performance Materials, LLC
Term Loan, 4.50%, Maturing August 1, 2021			348		350,717
Term Loan - Second Lien, 7.75%, Maturing August 1, 2022			100		100,375
Gemini HDPE, LLC
Term Loan, 4.75%, Maturing August 7, 2021			372		374,982
Huntsman International, LLC
Term Loan, 2.72%, Maturing April 19, 2017			1,485		1,487,212
Term Loan, 3.75%, Maturing August 12, 2021			374		376,400
Ineos US Finance, LLC
Term Loan, 3.75%, Maturing May 4, 2018			1,612		1,617,135
Term Loan, 4.25%, Maturing March 31, 2022			125		125,893
Kronos Worldwide, Inc.
Term Loan, 4.75%, Maturing February 18, 2020			50		49,941
MacDermid, Inc.
Term Loan, 4.50%, Maturing June 7, 2020			247		249,558
Term Loan, 4.75%, Maturing June 7, 2020			125		126,113
Minerals Technologies, Inc.
Term Loan, 4.00%, Maturing May 7, 2021			320		322,298
Orion Engineered Carbons GmbH
Term Loan, 5.00%, Maturing July 25, 2021			100		100,619
Term Loan, 5.00%, Maturing July 25, 2021	EUR		199		226,147
OXEA Finance, LLC
Term Loan, 4.25%, Maturing January 15, 2020			123		120,893
Polarpak, Inc.
Term Loan, 4.50%, Maturing June 7, 2020			209		209,896
PQ Corporation
Term Loan, 4.00%, Maturing August 7, 2017			220		220,309
Solenis International L.P.
Term Loan, 4.50%, Maturing July 31, 2021	EUR		174		197,242
Sonneborn Refined Products B.V.
Term Loan, 5.50%, Maturing December 10, 2020			15		15,093


Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value


Chemicals and Plastics (continued)
Sonneborn, LLC
Term Loan, 5.50%, Maturing December 10, 2020			85	$	85,529
Tata Chemicals North America, Inc.
Term Loan, 3.75%, Maturing August 7, 2020			221		221,201
Trinseo Materials Operating S.C.A.
Term Loan, Maturing October 13, 2021⁽³⁾			50		50,281
Tronox Pigments (Netherlands) B.V.
Term Loan, 4.25%, Maturing March 19, 2020			392		394,106
Univar, Inc.
Term Loan, 5.00%, Maturing June 30, 2017			573		576,487
WNA Holdings, Inc.
Term Loan, 4.50%, Maturing June 7, 2020			155		155,717

				$	8,690,426


Conglomerates — 0.4%
RGIS Services, LLC
Term Loan, 5.50%, Maturing October 18, 2017			733	$	690,909
Spectrum Brands Europe GmbH
Term Loan, 3.75%, Maturing September 4, 2019	EUR		173		195,861
Spectrum Brands, Inc.
Term Loan, 3.50%, Maturing September 4, 2019			197		197,739

				$	1,084,509


Containers and Glass Products — 1.4%
Berry Plastics Holding Corporation
Term Loan, 3.50%, Maturing February 8, 2020			417	$	417,281
Term Loan, 3.75%, Maturing January 6, 2021			797		800,525
Crown Americas, LLC
Term Loan, 5.50%, Maturing October 22, 2021			299		301,493
Hilex Poly Co., LLC
Term Loan, 6.00%, Maturing December 5, 2021			299		303,365
Libbey Glass, Inc.
Term Loan, 3.75%, Maturing April 9, 2021			50		49,796
Pelican Products, Inc.
Term Loan, 5.25%, Maturing April 10, 2020			434		434,399
Reynolds Group Holdings, Inc.
Term Loan, 4.50%, Maturing December 1, 2018			1,492		1,507,501
TricorBraun, Inc.
Term Loan, 4.00%, Maturing May 3, 2018			390		390,445

				$	4,204,805


Cosmetics / Toiletries — 0.3%
Prestige Brands, Inc.
Term Loan, 4.50%, Maturing September 3, 2021			113	$	113,611


		6		See Notes to Consolidated Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Cosmetics / Toiletries (continued)
Revlon Consumer Products Corporation
Term Loan, 4.00%, Maturing October 8, 2019		218	$	219,317
Sun Products Corporation (The)
Term Loan, 5.50%, Maturing March 23, 2020		413		398,609

			$	731,537


Drugs — 1.5%
Alkermes, Inc.
Term Loan, 3.50%, Maturing September 18, 2019		73	$	73,568
AMAG Pharmaceuticals, Inc.
Term Loan, 7.25%, Maturing November 12, 2020		122		123,094
Concordia Healthcare Corp.
Term Loan, 4.75%, Maturing March 30, 2022		50		50,458
DPx Holdings B.V.
Term Loan, 4.25%, Maturing March 11, 2021		397		398,075
Endo Luxembourg Finance Company I S.a.r.l.
Term Loan, 3.25%, Maturing March 1, 2021		50		49,603
Horizon Pharma Holdings USA, Inc.
Term Loan, Maturing April 22, 2021⁽³⁾		50		50,422
Mallinckrodt International Finance S.A.
Term Loan, 3.25%, Maturing March 19, 2021		272		272,639
Term Loan, 3.50%, Maturing March 19, 2021		224		224,594
Par Pharmaceutical Companies, Inc.
Term Loan, 4.00%, Maturing September 30, 2019		1,039		1,041,945
Valeant Pharmaceuticals International, Inc.
Term Loan, 3.50%, Maturing February 13, 2019		340		341,833
Term Loan, 3.50%, Maturing December 11, 2019		341		342,562
Term Loan, 3.50%, Maturing August 5, 2020		717		719,403
Term Loan, 4.00%, Maturing April 1, 2022		700		705,732
VWR Funding, Inc.
Term Loan, 3.43%, Maturing April 3, 2017		33		33,050

			$	4,426,978


Ecological Services and Equipment — 0.2%
ADS Waste Holdings, Inc.
Term Loan, 3.75%, Maturing October 9, 2019		388	$	387,485
EnergySolutions, LLC
Term Loan, 6.75%, Maturing May 29, 2020		141		141,441

			$	528,926


Electronics / Electrical — 5.2%
Allflex Holdings III, Inc.
Term Loan, 4.25%, Maturing July 17, 2020		123	$	124,100


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Electronics / Electrical (continued)
Answers Corporation
Term Loan, 6.25%, Maturing October 3, 2021		224	$	215,741
Applied Systems, Inc.
Term Loan, 4.27%, Maturing January 25, 2021		144		144,756
Avago Technologies Cayman Ltd.
Term Loan, 3.75%, Maturing May 6, 2021		1,144		1,151,051
Blue Coat Systems, Inc.
Term Loan - Second Lien, 9.50%, Maturing June 28, 2020		125		127,813
Campaign Monitor Finance Pty Limited
Term Loan, 6.25%, Maturing March 18, 2021		124		123,595
Carros Finance Luxembourg S.a.r.l.
Term Loan, 4.50%, Maturing September 30, 2021		498		504,341
CommScope, Inc.
Term Loan, 3.25%, Maturing January 14, 2018		197		197,123
CompuCom Systems, Inc.
Term Loan, 4.25%, Maturing May 11, 2020		141		132,007
Dell, Inc.
Term Loan, 3.75%, Maturing October 29, 2018		117		117,777
Term Loan, 4.50%, Maturing April 29, 2020		1,776		1,785,577
Eagle Parent, Inc.
Term Loan, 4.00%, Maturing May 16, 2018		489		492,128
Entegris, Inc.
Term Loan, 3.50%, Maturing April 30, 2021		63		62,799
Excelitas Technologies Corp.
Term Loan, 6.00%, Maturing October 31, 2020		146		147,279
FIDJI Luxembourg (BC4) S.a.r.l.
Term Loan, 6.25%, Maturing December 24, 2020		143		142,678
Freescale Semiconductor, Inc.
Term Loan, 4.25%, Maturing February 28, 2020		366		367,884
Go Daddy Operating Company, LLC
Term Loan, 4.50%, Maturing May 13, 2021		1,154		1,163,182
GXS Group, Inc.
Term Loan, 3.25%, Maturing January 16, 2021		173		173,785
Infor (US), Inc.
Term Loan, 3.75%, Maturing June 3, 2020		919		918,446
Lattice Semiconductor Corporation
Term Loan, 5.25%, Maturing March 10, 2021		100		100,875
M/A-COM Technology Solutions Holdings, Inc.
Term Loan, 4.50%, Maturing May 7, 2021		99		100,243
MA FinanceCo., LLC
Term Loan, 4.50%, Maturing November 20, 2019		225		225,750
Term Loan, 5.25%, Maturing November 19, 2021		199		199,717
Magic Newco, LLC
Term Loan, 5.00%, Maturing December 12, 2018		268		269,940


		7		See Notes to Consolidated Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Electronics / Electrical (continued)
MH Sub I, LLC
Term Loan, 5.00%, Maturing July 8, 2021		149	$	149,893
Microsemi Corporation
Term Loan, 3.25%, Maturing February 19, 2020		239		239,869
NXP B.V.
Term Loan, 3.25%, Maturing January 11, 2020		345		344,858
Orbotech, Inc.
Term Loan, 5.00%, Maturing August 6, 2020		75		74,670
Renaissance Learning, Inc.
Term Loan, 4.50%, Maturing April 9, 2021		124		122,822
Rocket Software, Inc.
Term Loan, 5.75%, Maturing February 8, 2018		288		289,178
RP Crown Parent, LLC
Term Loan, 6.00%, Maturing December 21, 2018		891		869,475
Sensata Technologies B.V.
Term Loan, 3.25%, Maturing May 12, 2019		198		198,467
SGS Cayman L.P.
Term Loan, 6.00%, Maturing April 23, 2021		38		37,928
Shield Finance Co. S.a.r.l.
Term Loan, 5.00%, Maturing January 29, 2021		124		124,781
Sirius Computer Solutions, Inc.
Term Loan, 7.00%, Maturing December 7, 2018		89		90,297
SkillSoft Corporation
Term Loan, 5.75%, Maturing April 28, 2021		397		395,972
Smart Technologies ULC
Term Loan, 10.50%, Maturing January 31, 2018		111		111,492
Sophia L.P.
Term Loan, 4.00%, Maturing July 19, 2018		221		222,033
SunEdison Semiconductor B.V.
Term Loan, 6.50%, Maturing May 27, 2019		149		149,247
SurveyMonkey.com, LLC
Term Loan, 5.50%, Maturing February 5, 2019		96		97,025
Sutherland Global Services, Inc.
Term Loan, 6.00%, Maturing April 23, 2021		161		162,938
Sybil Software, LLC
Term Loan, 4.75%, Maturing March 20, 2020		1,040		1,049,504
Vantiv, LLC
Term Loan, 3.75%, Maturing June 13, 2021		127		128,242
VeriFone, Inc.
Term Loan, 3.50%, Maturing July 8, 2021		496		491,598
Wall Street Systems Delaware, Inc.
Term Loan, 4.50%, Maturing April 30, 2021		580		581,189
Zebra Technologies Corporation
Term Loan, 4.75%, Maturing October 27, 2021		415		421,052

			$	15,341,117


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Equipment Leasing — 0.3%
Delos Finance S.a.r.l.
Term Loan, 3.50%, Maturing March 6, 2021		425	$	426,783
Flying Fortress, Inc.
Term Loan, 3.50%, Maturing June 30, 2017		500		501,771

			$	928,554


Financial Intermediaries — 2.3%
American Capital Ltd.
Term Loan, 3.50%, Maturing August 22, 2017		130	$	130,204
Armor Holding II, LLC
Term Loan, 5.75%, Maturing June 26, 2020		120		119,990
Citco Funding, LLC
Term Loan, 4.25%, Maturing June 29, 2018		676		679,618
Clipper Acquisitions Corp.
Term Loan, 3.00%, Maturing February 6, 2020		98		97,396
First Data Corporation
Term Loan, 3.68%, Maturing March 24, 2018		650		652,205
Term Loan, 3.68%, Maturing September 24, 2018		375		376,133
Grosvenor Capital Management Holdings, LLP
Term Loan, 3.75%, Maturing January 4, 2021		1,193		1,191,946
Guggenheim Partners, LLC
Term Loan, 4.25%, Maturing July 22, 2020		247		248,692
Harbourvest Partners, LLC
Term Loan, 3.25%, Maturing February 4, 2021		128		128,164
LPL Holdings, Inc.
Term Loan, 3.25%, Maturing March 29, 2019		1,578		1,580,994
Medley, LLC
Term Loan, 6.50%, Maturing June 15, 2019		86		86,364
Ocwen Financial Corporation
Term Loan, 5.00%, Maturing February 15, 2018		688		682,793
Sesac Holdco II, LLC
Term Loan, 5.25%, Maturing February 8, 2019		295		295,362
Starwood Property Trust, Inc.
Term Loan, 3.50%, Maturing April 17, 2020		123		122,962
Walker & Dunlop, Inc.
Term Loan, 5.25%, Maturing December 11, 2020		121		121,201
Walter Investment Management Corp.
Term Loan, 4.75%, Maturing December 19, 2020		207		198,852

			$	6,712,876


Food Products — 2.3%
AdvancePierre Foods, Inc.
Term Loan, 5.75%, Maturing July 10, 2017		641	$	647,242
Blue Buffalo Company Ltd.
Term Loan, 3.75%, Maturing August 8, 2019		244		244,402


		8		See Notes to Consolidated Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value


Food Products (continued)
Charger OpCo B.V.
Term Loan, 3.50%, Maturing July 23, 2021	EUR		125	$	141,910
Term Loan, 3.50%, Maturing July 23, 2021			375		375,000
Clearwater Seafoods Limited Partnership
Term Loan, 4.75%, Maturing June 26, 2019			167		167,597
Del Monte Foods, Inc.
Term Loan, 4.25%, Maturing February 18, 2021			123		118,706
Dole Food Company, Inc.
Term Loan, 4.50%, Maturing November 1, 2018			95		96,192
H.J. Heinz Company
Term Loan, 3.25%, Maturing June 5, 2020			1,327		1,329,695
High Liner Foods Incorporated
Term Loan, 4.25%, Maturing April 24, 2021			149		148,871
JBS USA Holdings, Inc.
Term Loan, 3.75%, Maturing May 25, 2018			866		869,624
Term Loan, 3.75%, Maturing September 18, 2020			296		297,531
NBTY, Inc.
Term Loan, 3.50%, Maturing October 1, 2017			888		884,314
Onex Wizard Acquisition Company I S.a.r.l.
Term Loan, 5.25%, Maturing March 13, 2022	EUR		400		453,992
Onex Wizard US Acquisition, Inc.
Term Loan, 5.25%, Maturing March 13, 2022			225		227,707
Pinnacle Foods Finance, LLC
Term Loan, 3.00%, Maturing April 29, 2020			123		123,365
Term Loan, 3.00%, Maturing April 29, 2020			605		606,543
Post Holdings, Inc.
Term Loan, 3.75%, Maturing June 2, 2021			199		200,264

				$	6,932,955


Food Service — 1.2%
1011778 B.C. Unlimited Liability Company
Term Loan, 4.50%, Maturing December 12, 2021			1,264	$	1,280,555
Aramark Services, Inc.
Term Loan, 3.68%, Maturing July 26, 2016			43		42,460
Term Loan, 3.68%, Maturing July 26, 2016			77		76,484
Buffets, Inc.
Term Loan, 0.00%, Maturing April 22, 2015⁽⁴⁾⁽⁵⁾			25		20,246
CEC Entertainment, Inc.
Term Loan, 4.00%, Maturing February 14, 2021			124		122,912
Darling International, Inc.
Term Loan, 3.50%, Maturing January 6, 2021	EUR		173		196,527
Landry’s, Inc.
Term Loan, 4.00%, Maturing April 24, 2018			429		431,998
US Foods, Inc.
Term Loan, 4.50%, Maturing March 31, 2019			614		617,005


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Food Service (continued)
Weight Watchers International, Inc.
Term Loan, 4.00%, Maturing April 2, 2020		1,176	$	629,160
Wendy’s International, Inc.
Term Loan, 3.25%, Maturing May 15, 2019		252		253,309

			$	3,670,656


Food / Drug Retailers — 1.3%
Albertson’s Holdings, LLC
Term Loan, 5.00%, Maturing August 25, 2019		425	$	428,908
Term Loan, 5.50%, Maturing August 25, 2021		175		177,102
Albertson’s, LLC
Term Loan, 5.38%, Maturing March 21, 2019		223		225,186
General Nutrition Centers, Inc.
Term Loan, 3.25%, Maturing March 4, 2019		851		848,933
New Albertson’s, Inc.
Term Loan, 4.75%, Maturing June 27, 2021		1,169		1,175,884
Rite Aid Corporation
Term Loan - Second Lien, 5.75%, Maturing August 21, 2020		100		100,979
Supervalu, Inc.
Term Loan, 4.50%, Maturing March 21, 2019		989		994,026

			$	3,951,018


Health Care — 5.8%
Acadia Healthcare Company, Inc.
Term Loan, 4.25%, Maturing February 11, 2022		50	$	50,514
Akorn, Inc.
Term Loan, 4.50%, Maturing April 16, 2021		199		199,746
Alere, Inc.
Term Loan, 4.25%, Maturing June 30, 2017		590		594,700
Alliance Healthcare Services, Inc.
Term Loan, 4.25%, Maturing June 3, 2019		219		218,108
Amneal Pharmaceuticals, LLC
Term Loan, 4.51%, Maturing November 1, 2019		50		50,312
Term Loan, 5.00%, Maturing November 1, 2019		496		499,451
Amsurg Corp.
Term Loan, 3.75%, Maturing July 16, 2021		99		99,844
Ardent Medical Services, Inc.
Term Loan, 6.75%, Maturing July 2, 2018		273		273,866
Aspen Dental Management, Inc.
Term Loan, Maturing April 10, 2022⁽³⁾		75		75,516
Auris Luxembourg III S.a.r.l.
Term Loan, 5.50%, Maturing January 17, 2022		150		151,781
Biomet, Inc.
Term Loan, 3.68%, Maturing July 25, 2017		1,143		1,144,327


		9		See Notes to Consolidated Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Health Care (continued)
Capella Healthcare, Inc.
Term Loan, 5.25%, Maturing December 31, 2021		150	$	150,934
CareCore National, LLC
Term Loan, 5.50%, Maturing March 5, 2021		99		100,617
CHG Healthcare Services, Inc.
Term Loan, 4.25%, Maturing November 19, 2019		122		122,519
Community Health Systems, Inc.
Term Loan, 3.43%, Maturing December 31, 2018		370		372,709
Term Loan, 4.25%, Maturing January 27, 2021		1,428		1,438,557
Convatec, Inc.
Term Loan, 4.00%, Maturing December 22, 2016		93		93,284
CPI Buyer, LLC
Term Loan, 5.50%, Maturing August 18, 2021		199		199,498
DaVita HealthCare Partners, Inc.
Term Loan, 3.50%, Maturing June 24, 2021		546		548,491
DJO Finance, LLC
Term Loan, 4.25%, Maturing September 15, 2017		330		331,666
Envision Healthcare Corporation
Term Loan, 4.00%, Maturing May 25, 2018		398		400,397
Grifols Worldwide Operations USA, Inc.
Term Loan, 3.18%, Maturing February 27, 2021		817		820,370
Hologic, Inc.
Term Loan, 3.25%, Maturing August 1, 2019		217		217,954
Iasis Healthcare, LLC
Term Loan, 4.50%, Maturing May 3, 2018		312		313,845
Impax Laboratories, Inc.
Term Loan, 5.50%, Maturing December 2, 2020		150		151,875
Indivior Finance S.a.r.l.
Term Loan, 7.00%, Maturing December 19, 2019		198		188,612
inVentiv Health, Inc.
Term Loan, 7.75%, Maturing May 15, 2018		533		535,586
Kindred Healthcare, Inc.
Term Loan, 4.25%, Maturing April 9, 2021		248		250,451
Kinetic Concepts, Inc.
Term Loan, 4.50%, Maturing May 4, 2018		921		928,862
LHP Hospital Group, Inc.
Term Loan, 9.00%, Maturing July 3, 2018		255		248,311
MedAssets, Inc.
Term Loan, 4.00%, Maturing December 13, 2019		73		72,916
Millennium Laboratories, Inc.
Term Loan, 5.25%, Maturing April 16, 2021		868		718,632
MMM Holdings, Inc.
Term Loan, 9.75%, Maturing December 12, 2017		111		93,121
MSO of Puerto Rico, Inc.
Term Loan, 9.75%, Maturing December 12, 2017		81		67,699


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Health Care (continued)
National Mentor Holdings, Inc.
Term Loan, 4.25%, Maturing January 31, 2021		99	$	99,526
Onex Carestream Finance L.P.
Term Loan, 5.00%, Maturing June 7, 2019		452		456,496
Opal Acquisition, Inc.
Term Loan, 5.00%, Maturing November 27, 2020		296		297,044
Ortho-Clinical Diagnostics, Inc.
Term Loan, 4.75%, Maturing June 30, 2021		546		545,436
Pharmaceutical Product Development, LLC
Term Loan, 4.00%, Maturing December 5, 2018		1,335		1,342,613
PRA Holdings, Inc.
Term Loan, 4.50%, Maturing September 23, 2020		504		507,923
Radnet Management, Inc.
Term Loan, 4.28%, Maturing October 10, 2018		355		356,743
RegionalCare Hospital Partners, Inc.
Term Loan, 6.00%, Maturing April 19, 2019		422		423,381
Sage Products Holdings III, LLC
Term Loan, 5.00%, Maturing December 13, 2019		140		142,402
Select Medical Corporation
Term Loan, 3.75%, Maturing June 1, 2018		217		217,923
Steward Health Care System, LLC
Term Loan, 6.75%, Maturing April 12, 2020		397		396,225
Tecomet, Inc.
Term Loan, 5.75%, Maturing December 5, 2021		224		222,754
Truven Health Analytics, Inc.
Term Loan, 4.50%, Maturing June 6, 2019		317		318,088

			$	17,051,625


Home Furnishings — 0.5%
Serta Simmons Holdings, LLC
Term Loan, 4.25%, Maturing October 1, 2019		1,298	$	1,307,790
Tempur-Pedic International, Inc.
Term Loan, 3.50%, Maturing March 18, 2020		233		234,644

			$	1,542,434


Industrial Equipment — 1.8%
Apex Tool Group, LLC
Term Loan, 4.50%, Maturing January 31, 2020		543	$	543,638
CPM Holdings, Inc.
Term Loan, Maturing April 1, 2022⁽³⁾		50		50,625
Delachaux S.A.
Term Loan, 5.25%, Maturing October 28, 2021		100		100,688
Doosan Infracore International, Inc.
Term Loan, 4.50%, Maturing May 28, 2021		183		185,404


		10		See Notes to Consolidated Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value


Industrial Equipment (continued)
Gardner Denver, Inc.
Term Loan, 4.25%, Maturing July 30, 2020			345	$	337,144
Generac Power Systems, Inc.
Term Loan, 3.25%, Maturing May 31, 2020			285		285,964
Husky Injection Molding Systems Ltd.
Term Loan, 4.25%, Maturing June 30, 2021			467		470,533
Term Loan - Second Lien, 7.25%, Maturing June 30, 2022			122		120,624
Milacron, LLC
Term Loan, 4.00%, Maturing March 28, 2020			570		569,748
NN, Inc.
Term Loan, 6.00%, Maturing August 27, 2021			418		420,976
Paladin Brands Holding, Inc.
Term Loan, 6.76%, Maturing August 16, 2019			93		93,003
Rexnord, LLC
Term Loan, 4.00%, Maturing August 21, 2020			837		841,359
Signode Industrial Group US, Inc.
Term Loan, 3.75%, Maturing May 1, 2021			203		203,253
STS Operating, Inc.
Term Loan, 4.75%, Maturing February 12, 2021			347		346,810
Tank Holding Corp.
Term Loan, 5.25%, Maturing March 16, 2022			156		157,302
Terex Corporation
Term Loan, 4.00%, Maturing August 13, 2021	EUR		299		337,126
Virtuoso US, LLC
Term Loan, 4.75%, Maturing February 11, 2021			74		74,683
Wittur GmbH
Term Loan, 6.00%, Maturing February 10, 2022	EUR		175		196,744

				$	5,335,624


Insurance — 1.5%
Alliant Holdings I, Inc.
Term Loan, 5.00%, Maturing December 20, 2019			387	$	388,496
AmWINS Group, LLC
Term Loan, 5.25%, Maturing September 6, 2019			905		914,369
Asurion, LLC
Term Loan, 5.00%, Maturing May 24, 2019			1,622		1,634,388
Term Loan - Second Lien, 8.50%, Maturing March 3, 2021			175		177,625
CGSC of Delaware Holding Corporation
Term Loan, 5.00%, Maturing April 16, 2020			49		46,730
Cunningham Lindsey U.S., Inc.
Term Loan, 5.00%, Maturing December 10, 2019			171		169,045
Hub International Limited
Term Loan, 4.00%, Maturing October 2, 2020			517		516,289


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Insurance (continued)
USI, Inc.
Term Loan, 4.25%, Maturing December 27, 2019		465	$	466,436

			$	4,313,378


Leisure Goods / Activities / Movies — 2.4%
Activision Blizzard, Inc.
Term Loan, 3.25%, Maturing October 12, 2020		467	$	470,582
AMC Entertainment, Inc.
Term Loan, 3.50%, Maturing April 30, 2020		441		443,037
Aufinco Pty Limited
Term Loan, 4.00%, Maturing May 29, 2020		74		73,803
Bombardier Recreational Products, Inc.
Term Loan, 4.00%, Maturing January 30, 2019		641		645,551
ClubCorp Club Operations, Inc.
Term Loan, 4.50%, Maturing July 24, 2020		548		552,527
Emerald Expositions Holding, Inc.
Term Loan, 4.75%, Maturing June 17, 2020		182		184,513
Equinox Holdings, Inc.
Term Loan, 5.00%, Maturing January 31, 2020		344		347,705
Fender Musical Instruments Corporation
Term Loan, 5.75%, Maturing April 3, 2019		68		68,212
Kasima, LLC
Term Loan, 3.25%, Maturing May 17, 2021		147		146,691
Live Nation Entertainment, Inc.
Term Loan, 3.50%, Maturing August 17, 2020		500		502,521
Nord Anglia Education Finance, LLC
Term Loan, 4.50%, Maturing March 31, 2021		397		397,992
Regal Cinemas Corporation
Term Loan, 3.75%, Maturing April 1, 2022		1,173		1,180,409
Sabre, Inc.
Term Loan, 4.00%, Maturing February 19, 2019		220		221,404
SeaWorld Parks & Entertainment, Inc.
Term Loan, 3.00%, Maturing May 14, 2020		537		528,159
SRAM, LLC
Term Loan, 4.02%, Maturing April 10, 2020		321		321,324
Town Sports International, Inc.
Term Loan, 4.50%, Maturing November 15, 2020		213		183,350
WMG Acquisition Corp.
Term Loan, 3.75%, Maturing July 1, 2020		172		171,686
Zuffa, LLC
Term Loan, 3.75%, Maturing February 25, 2020		562		556,534

			$	6,996,000


		11		See Notes to Consolidated Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Lodging and Casinos — 2.4%
Affinity Gaming, LLC
Term Loan, 5.25%, Maturing November 9, 2017		457	$	460,289
Amaya Holdings B.V.
Term Loan, 5.00%, Maturing August 1, 2021		522		524,824
Term Loan - Second Lien, 8.00%, Maturing August 1, 2022		150		151,763
Boyd Gaming Corporation
Term Loan, 4.00%, Maturing August 14, 2020		92		93,054
Caesars Entertainment Operating Company
Term Loan, 0.00%, Maturing March 1, 2017⁽⁵⁾		366		338,281
CityCenter Holdings, LLC
Term Loan, 4.25%, Maturing October 16, 2020		636		641,560
Four Seasons Holdings, Inc.
Term Loan, 3.50%, Maturing June 27, 2020		98		98,402
Term Loan - Second Lien, 6.25%, Maturing December 27, 2020		500		504,375
Hilton Worldwide Finance, LLC
Term Loan, 3.50%, Maturing October 26, 2020		2,104		2,114,678
La Quinta Intermediate Holdings, LLC
Term Loan, 4.00%, Maturing April 14, 2021		174		174,783
Las Vegas Sands, LLC
Term Loan, 3.25%, Maturing December 19, 2020		346		346,359
MGM Resorts International
Term Loan, 3.50%, Maturing December 20, 2019		489		489,666
Pinnacle Entertainment, Inc.
Term Loan, 3.75%, Maturing August 13, 2020		115		115,526
Playa Resorts Holding B.V.
Term Loan, 4.00%, Maturing August 9, 2019		99		98,746
RHP Hotel Properties L.P.
Term Loan, 3.75%, Maturing January 15, 2021		124		125,032
Scientific Games International, Inc.
Term Loan, 6.00%, Maturing October 18, 2020		642		649,096
Term Loan, 6.00%, Maturing October 1, 2021		175		176,538

			$	7,102,972


Nonferrous Metals / Minerals — 0.8%
Alpha Natural Resources, LLC
Term Loan, 3.50%, Maturing May 22, 2020		147	$	102,900
Arch Coal, Inc.
Term Loan, 6.25%, Maturing May 16, 2018		559		419,124
Dynacast International, LLC
Term Loan, 5.25%, Maturing January 28, 2022		125		126,836
Fairmount Minerals Ltd.
Term Loan, 4.50%, Maturing September 5, 2019		369		353,307


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Nonferrous Metals / Minerals (continued)
Murray Energy Corporation
Term Loan, 7.00%, Maturing April 7, 2017		50	$	50,458
Term Loan, 7.50%, Maturing March 19, 2021		350		347,375
Noranda Aluminum Acquisition Corporation
Term Loan, 5.75%, Maturing February 28, 2019		170		158,645
Novelis, Inc.
Term Loan, 3.75%, Maturing March 10, 2017		407		408,430
Oxbow Carbon, LLC
Term Loan, 4.25%, Maturing July 19, 2019		91		90,490
Term Loan - Second Lien, 8.00%, Maturing January 17, 2020		150		135,750
Walter Energy, Inc.
Term Loan, 7.25%, Maturing April 2, 2018		431		275,075

			$	2,468,390


Oil and Gas — 2.0%
Ameriforge Group, Inc.
Term Loan, 5.00%, Maturing December 19, 2019		221	$	194,377
Bronco Midstream Funding, LLC
Term Loan, 5.00%, Maturing August 15, 2020		294		286,493
CITGO Holding, Inc.
Term Loan, 9.50%, Maturing May 12, 2018		374		377,920
CITGO Petroleum Corporation
Term Loan, 4.50%, Maturing July 29, 2021		199		199,933
Crestwood Holdings, LLC
Term Loan, 7.00%, Maturing June 19, 2019		174		169,479
Drillships Ocean Ventures, Inc.
Term Loan, 5.50%, Maturing July 25, 2021		199		173,026
Energy Transfer Equity L.P.
Term Loan, 3.25%, Maturing December 2, 2019		325		324,216
Term Loan, 4.00%, Maturing December 2, 2019		75		75,469
Fieldwood Energy, LLC
Term Loan, 3.88%, Maturing September 28, 2018		197		192,690
Floatel International Ltd.
Term Loan, 6.00%, Maturing June 27, 2020		173		130,804
MEG Energy Corp.
Term Loan, 3.75%, Maturing March 31, 2020		1,438		1,424,151
Obsidian Natural Gas Trust
Term Loan, 7.00%, Maturing November 2, 2015		175		173,951
Paragon Offshore Finance Company
Term Loan, 3.75%, Maturing July 18, 2021		149		113,150
Samson Investment Company
Term Loan - Second Lien, 5.00%, Maturing September 25, 2018		175		84,875


		12		See Notes to Consolidated Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Oil and Gas (continued)
Seadrill Partners Finco, LLC
Term Loan, 4.00%, Maturing February 21, 2021		841	$	690,736
Seventy Seven Operating, LLC
Term Loan, 3.75%, Maturing June 25, 2021		99		94,039
Sheridan Investment Partners II L.P.
Term Loan, 4.25%, Maturing December 16, 2020		28		25,453
Term Loan, 4.25%, Maturing December 16, 2020		75		68,247
Term Loan, 4.25%, Maturing December 16, 2020		537		490,609
Sheridan Production Partners I, LLC
Term Loan, 4.25%, Maturing October 1, 2019		31		29,580
Term Loan, 4.25%, Maturing October 1, 2019		50		48,428
Term Loan, 4.25%, Maturing October 1, 2019		379		365,470
Tallgrass Operations, LLC
Term Loan, 4.25%, Maturing November 13, 2018		12		12,334
Targa Resources Corp.
Term Loan, 5.75%, Maturing February 25, 2022		70		71,184
Tervita Corporation
Term Loan, 6.25%, Maturing May 15, 2018		132		125,632

			$	5,942,246


Publishing — 1.0%
Ascend Learning, LLC
Term Loan, 6.00%, Maturing July 31, 2019		222	$	224,132
Getty Images, Inc.
Term Loan, 4.75%, Maturing October 18, 2019		929		808,600
Interactive Data Corporation
Term Loan, 4.75%, Maturing May 2, 2021		273		275,113
Laureate Education, Inc.
Term Loan, 5.00%, Maturing June 15, 2018		1,020		991,720
McGraw-Hill Global Education Holdings, LLC
Term Loan, 5.75%, Maturing March 22, 2019		126		126,807
Merrill Communications, LLC
Term Loan, 5.75%, Maturing March 8, 2018		130		130,954
Multi Packaging Solutions, Inc.
Term Loan, 4.25%, Maturing September 30, 2020		74		74,173
ProQuest, LLC
Term Loan, 5.25%, Maturing October 24, 2021		125		125,623
Springer Science+Business Media Deutschland GmbH
Term Loan, 4.75%, Maturing August 14, 2020		197		198,078
Term Loan, Maturing August 14, 2020⁽³⁾		50		50,297

			$	3,005,497


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Radio and Television — 1.1%
AP NMT Acquisition B.V.
Term Loan, 6.75%, Maturing August 13, 2021		100	$	99,344
Block Communications, Inc.
Term Loan, 4.25%, Maturing November 7, 2021		50		50,232
Clear Channel Communications, Inc.
Term Loan, 7.68%, Maturing July 30, 2019		450		437,836
Cumulus Media Holdings, Inc.
Term Loan, 4.25%, Maturing December 23, 2020		729		719,718
Media General, Inc.
Term Loan, 4.25%, Maturing July 31, 2020		276		278,017
Mission Broadcasting, Inc.
Term Loan, 3.75%, Maturing October 1, 2020		127		127,030
Nexstar Broadcasting, Inc.
Term Loan, 3.75%, Maturing October 1, 2020		144		144,054
TWCC Holding Corp.
Term Loan, 3.50%, Maturing February 13, 2017		250		248,626
Term Loan - Second Lien, 7.00%, Maturing June 26, 2020		125		118,437
Univision Communications, Inc.
Term Loan, 4.00%, Maturing March 1, 2020		1,141		1,142,326

			$	3,365,620


Retailers (Except Food and Drug) — 2.9%
99 Cents Only Stores
Term Loan, 4.50%, Maturing January 11, 2019		338	$	338,640
Bass Pro Group, LLC
Term Loan, 3.75%, Maturing November 20, 2019		443		446,159
Burlington Coat Factory Warehouse Corporation
Term Loan, 4.25%, Maturing August 13, 2021		97		97,979
CDW, LLC
Term Loan, 3.25%, Maturing April 29, 2020		368		367,674
David’s Bridal, Inc.
Term Loan, 5.25%, Maturing October 11, 2019		119		115,176
Dollar Tree, Inc.
Term Loan, 4.25%, Maturing March 9, 2022		550		557,862
Evergreen Acqco 1 L.P.
Term Loan, 5.00%, Maturing July 9, 2019		122		119,842
Harbor Freight Tools USA, Inc.
Term Loan, 4.75%, Maturing July 26, 2019		191		192,215
Hudson’s Bay Company
Term Loan, 4.75%, Maturing November 4, 2020		236		237,024
J. Crew Group, Inc.
Term Loan, 4.00%, Maturing March 5, 2021		520		488,673


		13		See Notes to Consolidated Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Retailers (Except Food and Drug) (continued)
Jo-Ann Stores, Inc.
Term Loan, 4.00%, Maturing March 16, 2018		318	$	317,877
Men’s Wearhouse, Inc. (The)
Term Loan, 4.50%, Maturing June 18, 2021		158		159,765
Michaels Stores, Inc.
Term Loan, 3.75%, Maturing January 28, 2020		1,480		1,486,837
Term Loan, 4.00%, Maturing January 28, 2020		174		174,882
Neiman Marcus Group, Inc. (The)
Term Loan, 4.25%, Maturing October 25, 2020		765		768,419
Party City Holdings, Inc.
Term Loan, 4.00%, Maturing July 27, 2019		269		269,927
Petco Animal Supplies, Inc.
Term Loan, 4.00%, Maturing November 24, 2017		728		731,340
PetSmart, Inc.
Term Loan, 5.00%, Maturing March 11, 2022		925		937,603
Pier 1 Imports (U.S.), Inc.
Term Loan, 4.50%, Maturing April 30, 2021		99		99,002
Pilot Travel Centers, LLC
Term Loan, 4.25%, Maturing October 1, 2021		396		402,187
Spin Holdco, Inc.
Term Loan, 4.25%, Maturing November 14, 2019		296		296,688

			$	8,605,771


Steel — 0.6%
FMG Resources (August 2006) Pty. Ltd.
Term Loan, 3.75%, Maturing June 30, 2019		1,694	$	1,534,393
JMC Steel Group, Inc.
Term Loan, 4.75%, Maturing April 1, 2017		144		143,946
Neenah Foundry Company
Term Loan, 6.75%, Maturing April 26, 2017		83		81,767
Patriot Coal Corporation
Term Loan, 9.00%, Maturing December 15, 2018⁽⁴⁾		74		40,668

			$	1,800,774


Surface Transport — 0.3%
Hertz Corporation (The)
Term Loan, 4.00%, Maturing March 11, 2018		342	$	343,836
Stena International S.a.r.l.
Term Loan, 4.00%, Maturing March 3, 2021		272		249,534
Swift Transportation Co., LLC
Term Loan, 3.75%, Maturing June 9, 2021		198		199,176

			$	792,546


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Telecommunications — 1.3%
CWC Cayman Finance Limited
Term Loan, 5.50%, Maturing April 28, 2017		75	$	75,234
Intelsat Jackson Holdings S.A.
Term Loan, 3.75%, Maturing June 30, 2019		1,650		1,651,650
IPC Systems, Inc.
Term Loan, 5.50%, Maturing August 6, 2021		350		350,766
Mitel US Holdings, Inc.
Term Loan, 5.00%, Maturing March 31, 2022		150		151,375
SBA Senior Finance II, LLC
Term Loan, 3.25%, Maturing March 24, 2021		347		347,538
Syniverse Holdings, Inc.
Term Loan, 4.00%, Maturing April 23, 2019		242		235,564
Term Loan, 4.00%, Maturing April 23, 2019		336		326,491
Telesat Canada
Term Loan, 3.50%, Maturing March 28, 2019		657		658,454
Windstream Corporation
Term Loan, 3.50%, Maturing August 8, 2019		122		121,864

			$	3,918,936


Utilities — 1.6%
Calpine Construction Finance Company L.P.
Term Loan, 3.00%, Maturing May 3, 2020		197	$	195,788
Term Loan, 3.25%, Maturing January 31, 2022		74		73,564
Calpine Corporation
Term Loan, 4.00%, Maturing April 1, 2018		193		193,838
Term Loan, 4.00%, Maturing April 1, 2018		528		531,887
Term Loan, 4.00%, Maturing October 9, 2019		171		171,739
Dynegy Holdings, Inc.
Term Loan, 4.00%, Maturing April 23, 2020		1,176		1,183,253
EFS Cogen Holdings I, LLC
Term Loan, 3.75%, Maturing December 17, 2020		81		81,719
Energy Future Intermediate Holding Co., LLC
DIP Loan, 4.25%, Maturing June 19, 2016		300		302,125
Granite Acquisition, Inc.
Term Loan, 5.00%, Maturing December 19, 2021		21		21,406
Term Loan, 5.00%, Maturing December 19, 2021		478		485,290
La Frontera Generation, LLC
Term Loan, 4.50%, Maturing September 30, 2020		584		586,480
Lonestar Generation, LLC
Term Loan, 5.25%, Maturing February 20, 2021		99		99,187
Longview Power, LLC
Term Loan, 7.00%, Maturing April 13, 2021		50		50,688
TPF II Power, LLC
Term Loan, 5.50%, Maturing October 2, 2021		274		279,370


		14		See Notes to Consolidated Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited) — continued


Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value


Utilities (continued)
WTG Holdings III Corp.
Term Loan, 4.75%, Maturing January 15, 2021		570	$	574,927

			$	4,831,261


Total Senior Floating-Rate Interests (identified cost $164,765,736)			$	163,269,942


Collateralized Mortgage Obligations — 20.7%


Security	Principal Amount (000’s omitted)		Value
Federal Home Loan Mortgage Corp.:
Series 2113, Class QG, 6.00%, 1/15/29	$	1,259	$	1,441,671
Series 2167, Class BZ, 7.00%, 6/15/29		986		1,141,035
Series 2182, Class ZB, 8.00%, 9/15/29		1,583		1,895,720
Series 2631, (Interest Only), Class DS, 6.919%, 6/15/33⁽⁶⁾⁽⁷⁾		2,580		483,492
Series 2770, (Interest Only), Class SH, 6.919%, 3/15/34⁽⁶⁾⁽⁷⁾		2,960		636,107
Series 2981, (Interest Only), Class CS, 6.539%, 5/15/35⁽⁶⁾⁽⁷⁾		1,759		344,239
Series 3114, (Interest Only), Class TS, 6.469%, 9/15/30⁽⁶⁾⁽⁷⁾		4,285		717,682
Series 3339, (Interest Only), Class JI, 6.409%, 7/15/37⁽⁶⁾⁽⁷⁾		3,439		578,212
Series 3898, Class TS, 5.00%, 4/15/41⁽⁶⁾		141		140,923
Series 4109, (Interest Only), Class ES, 5.969%, 12/15/41⁽⁶⁾⁽⁷⁾		3,103		157,694
Series 4163, (Interest Only), Class GS, 6.019%, 11/15/32⁽⁶⁾⁽⁷⁾		6,445		1,450,162
Series 4169, (Interest Only), Class AS, 6.069%, 2/15/33⁽⁶⁾⁽⁷⁾		4,106		831,393
Series 4180, (Interest Only), Class GI, 3.50%, 8/15/26⁽⁷⁾		4,264		494,314
Series 4203, (Interest Only), Class QS, 6.069%, 5/15/43⁽⁶⁾⁽⁷⁾		4,282		905,941
Series 4273, Class PU, 4.00%, 11/15/43		1,886		1,920,676
Series 4316, (Interest Only), Class JS, 5.919%, 1/15/44⁽⁶⁾⁽⁷⁾		4,149		689,707
Series 4326, Class TS, 13.186%, 4/15/44⁽⁶⁾		1,921		2,140,354
Series 4332, (Interest Only), Class KI, 4.00%, 9/15/43⁽⁷⁾		3,452		609,714
Series 4370, (Interest Only), Class IO, 3.50%, 9/15/41⁽⁷⁾		3,423		630,647
Series 4443, Class ZJ, 3.00%, 9/15/44		1,376		1,377,792
Series 4450, Class DS, 5.728%, 9/15/44⁽⁶⁾		3,181		3,195,314

			$	21,782,789


Security	Principal Amount (000’s omitted)		Value

Federal National Mortgage Association:
Series 1989-89, Class H, 9.00%, 11/25/19	$	45	$	49,730
Series 1991-122, Class N, 7.50%, 9/25/21		198		218,530
Series 1993-84, Class M, 7.50%, 6/25/23		1,533		1,761,627
Series 1994-42, Class K, 6.50%, 4/25/24		467		518,366
Series 1997-28, Class ZA, 7.50%, 4/20/27		543		646,070
Series 1997-38, Class N, 8.00%, 5/20/27		498		586,601
Series 2004-46, (Interest Only), Class SI, 5.819%, 5/25/34⁽⁶⁾⁽⁷⁾		2,960		440,693
Series 2005-17, (Interest Only), Class SA, 6.519%, 3/25/35⁽⁶⁾⁽⁷⁾		2,148		436,202
Series 2006-42, (Interest Only), Class PI, 6.409%, 6/25/36⁽⁶⁾⁽⁷⁾		3,916		695,726
Series 2006-44, (Interest Only), Class IS, 6.419%, 6/25/36⁽⁶⁾⁽⁷⁾		3,154		610,690
Series 2006-72, (Interest Only), Class GI, 6.399%, 8/25/36⁽⁶⁾⁽⁷⁾		5,730		972,676
Series 2007-50, (Interest Only), Class LS, 6.269%, 6/25/37⁽⁶⁾⁽⁷⁾		2,390		401,173
Series 2007-74, Class AC, 5.00%, 8/25/37		3,044		3,360,325
Series 2008-26, (Interest Only), Class SA, 6.019%, 4/25/38⁽⁶⁾⁽⁷⁾		3,970		679,460
Series 2008-29, (Interest Only), Class CI, 5.00%, 9/25/35⁽⁷⁾		2,356		130,258
Series 2008-61, (Interest Only), Class S, 5.919%, 7/25/38⁽⁶⁾⁽⁷⁾		5,050		886,710
Series 2010-99, (Interest Only), Class NS, 6.419%, 3/25/39⁽⁶⁾⁽⁷⁾		4,790		529,945
Series 2010-109, (Interest Only), Class PS, 6.419%, 10/25/40⁽⁶⁾⁽⁷⁾		6,472		1,222,144
Series 2010-119, (Interest Only), Class SK, 5.819%, 4/25/40⁽⁶⁾⁽⁷⁾		2,401		135,739
Series 2010-124, (Interest Only), Class SJ, 5.869%, 11/25/38⁽⁶⁾⁽⁷⁾		3,945		553,180
Series 2010-147, (Interest Only), Class KS, 5.769%, 1/25/41⁽⁶⁾⁽⁷⁾		7,704		1,077,108
Series 2010-150, (Interest Only), Class GS, 6.569%, 1/25/21⁽⁶⁾⁽⁷⁾		5,145		573,956
Series 2010-151, (Interest Only), Class PI, 4.00%, 5/25/28⁽⁷⁾		9,091		416,033
Series 2011-22, (Interest Only), Class IC, 3.50%, 12/25/25⁽⁷⁾		7,277		764,530
Series 2011-49, Class NT, 6.00%, 6/25/41⁽⁶⁾		1,181		1,335,534
Series 2012-22, Class PS, 6.749%, 3/25/42⁽⁶⁾		1,130		1,125,946
Series 2012-52, (Interest Only), Class AI, 3.50%, 8/25/26⁽⁷⁾		8,863		780,374
Series 2012-56, (Interest Only), Class SU, 6.569%, 8/25/26⁽⁶⁾⁽⁷⁾		3,055		327,966
Series 2012-63, (Interest Only), Class EI, 3.50%, 8/25/40⁽⁷⁾		7,372		1,049,353


		15		See Notes to Consolidated Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited) — continued


Security	Principal Amount (000’s omitted)		Value

Federal National Mortgage Association: (continued)
Series 2012-150, (Interest Only), Class PS, 5.969%, 1/25/43⁽⁶⁾⁽⁷⁾	$	8,208	$	1,743,036
Series 2012-150, (Interest Only), Class SK, 5.969%, 1/25/43⁽⁶⁾⁽⁷⁾		4,548		885,151
Series 2013-6, Class TA, 1.50%, 1/25/43		3,756		3,609,444
Series 2013-23, (Interest Only), Class CS, 6.069%, 3/25/33⁽⁶⁾⁽⁷⁾		4,092		886,655
Series 2013-54, (Interest Only), Class HS, 6.119%, 10/25/41⁽⁶⁾⁽⁷⁾		4,017		687,205
Series 2014-32, (Interest Only), Class EI, 4.00%, 6/25/44⁽⁷⁾		2,728		541,466
Series 2014-36, (Interest Only), Class ID, 4.00%, 6/25/44⁽⁷⁾		2,306		453,548
Series 2014-55, (Interest Only), Class IN, 3.50%, 7/25/44⁽⁷⁾		5,663		1,038,037
Series 2014-72, Class CS, 8.91%, 11/25/44⁽⁶⁾		1,671		1,712,152
Series 2015-14, (Interest Only), Class KI, 3.00%, 3/25/45⁽⁷⁾		8,689		1,348,268
Series G-33, Class PT, 7.00%, 10/25/21		331		351,457

			$	35,543,064

Government National Mortgage Association:
Series 2011-156, Class GA, 2.00%, 12/16/41	$	1,365	$	1,280,115
Series 2012-50, (Principal Only), Class CO, 0.00%, 8/20/40⁽⁸⁾		2		2,439
Series 2013-24, Class KS, 5.543%, 2/20/43⁽⁶⁾		321		323,094
Series 2013-124, Class LS, 11.919%, 5/20/41⁽⁶⁾		243		250,068
Series 2014-117, Class HS, 31.356%, 8/20/44⁽⁶⁾		566		729,966
Series 2014-132, Class SC, 13.342%, 9/20/44⁽⁶⁾		171		171,916
Series 2014-146, Class S, 5.879%, 10/20/44⁽⁶⁾		1,104		1,122,564

			$	3,880,162


Total Collateralized Mortgage Obligations (identified cost $59,583,496)			$	61,206,015


Commercial Mortgage-Backed Securities — 7.4%


Security	Principal Amount (000’s omitted)		Value
COMM, Series 2014-KYO, Class D, 2.18%, 6/11/27^(9)(10)	$	1,000	$	999,107
COMM, Series 2014-LC17, Class D, 3.687%, 10/10/47^(9)(11)		1,065		943,940
ESA, Series 2013-ESH7, Class D7, 5.521%, 12/5/31^(9)(11)		1,080		1,117,818
HILT, Series 2013-HLT, Class DFX, 4.407%, 11/5/30⁽⁹⁾		850		867,382
JPMBB, Series 2014-C19, Class D, 4.833%, 4/15/47^(9)(11)		1,425		1,353,919


Security	Principal Amount (000’s omitted)		Value

JPMBB, Series 2014-C21, Class D, 4.816%, 8/15/47⁽¹¹⁾	$	650	$	623,877
JPMBB, Series 2014-C22, Class D, 4.713%, 9/15/47^(9)(11)		1,850		1,742,418
JPMBB, Series 2014-C23, Class D, 4.109%, 9/15/47^(9)(11)		850		778,807
JPMCC, Series 2006-CB14, Class A4, 5.481%, 12/12/44⁽¹¹⁾		281		286,506
JPMCC, Series 2011-C5, Class D, 5.50%, 8/15/46^(9)(11)		1,850		2,004,965
JPMCC, Series 2014-DSTY, Class B, 3.771%, 6/10/27⁽⁹⁾		1,900		1,972,982
UBSC, Series 2011-C1, Class D, 6.084%, 1/10/45^(9)(11)		2,000		2,277,339
UBSCM, Series 2012-C1, Class D, 5.727%, 5/10/45^(9)(11)		2,000		2,103,924
WF-RBS, Series 2012-C9, Class D, 4.963%, 11/15/45^(9)(11)		1,250		1,277,406
WF-RBS, Series 2014-LC14, Class D, 4.586%, 3/15/47^(9)(11)		1,150		1,104,137
WFCM, Series 2010-C1, Class C, 5.768%, 11/15/43^(9)(11)		500		564,780
WFCM, Series 2013-LC12, Class D, 4.436%, 7/15/46^(9)(11)		2,000		1,933,406


Total Commercial Mortgage-Backed Securities (identified cost $20,937,567)			$	21,952,713


Mortgage Pass-Throughs — 24.6%


Security	Principal Amount (000’s omitted)		Value
Federal Home Loan Mortgage Corp.:
2.379%, with maturity at 2035⁽¹²⁾	$	2,844	$	3,038,388
2.881%, with maturity at 2035⁽¹²⁾		2,923		3,113,805
5.00%, with various maturities to 2023		2,129		2,261,951
6.00%, with various maturities to 2029		2,202		2,522,636
6.15%, with maturity at 2027		892		1,026,138
6.50%, with various maturities to 2032		6,762		7,641,099
7.00%, with various maturities to 2036		4,094		4,790,798
7.50%, with maturity at 2024		1,329		1,528,489
8.00%, with various maturities to 2032		2,021		2,426,777
8.50%, with various maturities to 2031		2,228		2,643,034
9.00%, with maturity at 2031		207		250,763
9.50%, with various maturities to 2022		80		87,978
11.50%, with maturity at 2019		6		6,609

			$	31,338,465


		16		See Notes to Consolidated Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited) — continued


Security	Principal Amount (000’s omitted)		Value

Federal National Mortgage Association:
5.00%, with various maturities to 2040	$	4,203	$	4,695,573
5.359%, with maturity at 2037⁽¹²⁾		912		950,545
5.50%, with various maturities to 2033		2,721		3,089,139
6.00%, with maturity at 2023		1,706		1,900,724
6.321%, with maturity at 2032⁽¹²⁾		1,227		1,366,068
6.50%, with various maturities to 2036		6,303		7,247,409
7.00%, with various maturities to 2037		6,355		7,447,325
7.50%, with maturity at 2035		4,308		5,076,906
8.00%, with various maturities to 2034		1,152		1,347,889
8.50%, with various maturities to 2027		169		194,546
9.00%, with various maturities to 2029		484		562,761
10.00%, with various maturities to 2031		346		390,759

			$	34,269,644

Government National Mortgage Association:
7.50%, with maturity at 2025	$	2,024	$	2,323,579
8.00%, with various maturities to 2027		2,628		3,131,141
9.00%, with various maturities to 2026		1,276		1,536,709
9.50%, with maturity at 2025		141		160,743
11.00%, with maturity at 2018		48		51,815

			$	7,203,987


Total Mortgage Pass-Throughs (identified cost $69,123,715)			$	72,812,096


Asset-Backed Securities — 4.8%


Security	Principal Amount (000’s omitted)		Value
AH4R, Series 2014-SFR1, Class C, 2.00%, 6/17/31^(9)(10)	$	200	$	200,570
AH4R, Series 2014-SFR1, Class D, 2.35%, 6/17/31^(9)(10)		825		829,194
ARP, Series 2014-SFR1, Class C, 2.53%, 9/17/31^(9)(10)		2,000		2,035,417
CAH, Series 2014-1A, Class C, 2.10%, 5/17/31^(9)(10)		760		763,642
Centurion CDO IX Ltd., Series 2005-9A, Class D1, 5.024%, 7/17/19^(9)(10)		500		489,068
DNKN, Series 2015-1A, Class A2II, 3.98%, 2/20/45⁽⁹⁾		1,250		1,282,751
FKL, Series 2015-SFR1, Class A, 2.553%, 9/9/31⁽⁹⁾		517		519,949
Invitation Homes Trust, Series 2013-SFR1, Class D, 2.40%, 12/17/30^(9)(10)		1		552,314
Invitation Homes Trust, Series 2014-SFR1, Class D, 2.78%, 6/17/31^(9)(10)		500		507,445
OMFIT, Series 2014-1A, Class A, 2.43%, 6/18/24⁽⁹⁾		700		702,624
OMFIT, Series 2014-1A, Class B, 3.24%, 6/18/24⁽⁹⁾		800		805,274
OMFIT, Series 2015-1A, Class B, 3.85%, 3/18/26⁽⁹⁾		800		818,344
SBY, Series 2014-1, Class C, 2.23%, 9/17/31^(9)(10)		2,000		2,022,656


Security		Principal Amount (000’s omitted)		Value

SCFT, Series 2014-AA, Class B, 4.61%, 10/25/27⁽⁹⁾		$	1,980	$	2,022,814
SRFC, Series 2014-1A, Class B, 2.42%, 3/20/30⁽⁹⁾			326		326,382
SRFC, Series 2015-1A, Class B, 3.05%, 3/22/32⁽⁹⁾			480		482,433


Total Asset-Backed Securities (identified cost $14,169,703)				$	14,360,877


Corporate Bonds & Notes — 0.9%


Security		Principal Amount (000’s omitted)		Value

Chemicals and Plastics — 0.1%
Ineos Finance PLC
7.50%, 5/1/20⁽⁹⁾		$	150	$	158,708

				$	158,708


Financial Intermediaries — 0.1%
First Data Corp.
6.75%, 11/1/20⁽⁹⁾		$	163	$	174,002

				$	174,002


Food Products — 0.3%
Iceland Bondco PLC
4.822%, 7/15/20⁽⁹⁾	GBP		750	$	978,562

				$	978,562


Health Care — 0.1%
CHS/Community Health Systems, Inc.
5.125%, 8/15/18		$	425	$	442,000

				$	442,000


Lodging and Casinos — 0.1%
Caesars Entertainment Operating Co., Inc.
8.50%, 2/15/20⁽⁵⁾		$	350	$	269,500

				$	269,500


Utilities — 0.2%
Calpine Corp.
7.875%, 1/15/23⁽⁹⁾		$	471	$	520,455

				$	520,455


Total Corporate Bonds & Notes (identified cost $2,843,351)				$	2,543,227


		17		See Notes to Consolidated Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2015

Consolidated Portfolio of Investments (Unaudited) — continued


Foreign Corporate Bonds — 0.2%


Security		Principal Amount (000’s omitted)		Value


Supranational — 0.2%
International Bank for Reconstruction & Development
3.40%, 4/15/17⁽¹³⁾	UYU		17,965	$	679,695

				$	679,695


Total Foreign Corporate Bonds (identified cost $792,435)				$	679,695


Foreign Government Bonds — 10.7%


Security		Principal Amount (000’s omitted)		Value

Bangladesh — 2.0%
Bangladesh Treasury Bond, 8.80%, 6/4/16	BDT		46,100	$	596,205
Bangladesh Treasury Bond, 10.10%, 6/11/19	BDT		23,600		313,820
Bangladesh Treasury Bond, 11.30%, 3/7/17	BDT		50,000		674,315
Bangladesh Treasury Bond, 11.40%, 5/9/17	BDT		60,000		814,010
Bangladesh Treasury Bond, 11.50%, 8/8/17	BDT		107,500		1,467,056
Bangladesh Treasury Bond, 11.50%, 11/7/17	BDT		15,700		215,131
Bangladesh Treasury Bond, 11.52%, 12/5/17	BDT		20,000		274,372
Bangladesh Treasury Bond, 11.55%, 9/5/17	BDT		30,000		409,980
Bangladesh Treasury Bond, 11.55%, 10/3/17	BDT		29,900		409,146
Bangladesh Treasury Bond, 11.70%, 4/3/18	BDT		27,400		379,044
Bangladesh Treasury Bond, 11.72%, 2/6/18	BDT		8,400		116,048
Bangladesh Treasury Bond, 11.72%, 7/2/18	BDT		19,400		269,453

Total Bangladesh				$	5,938,580


Costa Rica — 0.2%
Costa Rica Titulos de Propiedad Bond, 10.58%, 6/22/16	CRC		255,000	$	501,166

Total Costa Rica				$	501,166


Dominican Republic — 2.0%
Dominican Republic Central Bank Note, 12.00%, 4/5/19⁽⁹⁾	DOP		11,940	$	282,078
Dominican Republic International Bond, 11.50%, 5/10/24⁽⁹⁾	DOP		15,000		361,701
Dominican Republic International Bond, 14.00%, 4/30/21⁽⁹⁾	DOP		6,700		172,595
Dominican Republic International Bond, 14.50%, 2/10/23⁽⁹⁾	DOP		1,800