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, 2018

Date of Reporting Period

Item 1. Reports to Stockholders

LOGO

Eaton Vance

Short Duration Diversified Income Fund (EVG)

Semiannual Report

April 30, 2018

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 has claimed an exclusion from the definition of the term “commodity pool operator” under the Commodity Exchange Act. Accordingly, neither the Fund nor the adviser with respect to the operation of the Fund is subject to CFTC regulation. Because of its management of other strategies, the Fund’s adviser is registered with the CFTC as a commodity pool operator and a commodity trading advisor.

Fund shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Shares are subject to investment risks, including possible loss of principal invested.

Semiannual Report April 30, 2018

Eaton Vance

Short Duration Diversified Income Fund

Table of Contents


Performance			2

Fund Profile			2

Endnotes and Additional Disclosures			3

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, 2018

Performance¹

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


% Average Annual Total Returns	Inception Date		Six Months			One Year			Five Years			Ten Years
Fund at NAV		02/28/2005		1.49	%		4.87	%		4.11	%		5.83	%
Fund at Market Price		—		–1.25			1.58			2.35			5.79


% Premium/Discount to NAV²
													–9.91	%


Distributions³
Total Distributions per share for the period												$	0.459
Distribution Rate at NAV													6.10	%
Distribution Rate at Market Price													6.77	%


% Total Leverage⁴
Derivatives													19.64	%
Borrowings													20.49

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 include 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 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

Short Duration Diversified Income Fund

April 30, 2018

Endnotes and Additional Disclosures

¹	Performance results reflect the effects of leverage. Absent an expense waiver by the investment adviser, 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. Fund distributions may be affected by numerous factors including changes in Fund performance, the cost of financing for leverage, portfolio holdings, realized and projected returns, and other factors. As portfolio and market conditions change, the rate of distributions paid by the Fund could change. Subsequent distributions declared, but not reflected in Fund Performance, reflect a reduction of the monthly distribution rate.

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 167.0%. Please refer to the definition of total leveraged assets within the Notes to Financial Statements included herein.

Fund profile subject to change due to active management.


		3

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited)


Senior Floating-Rate Loans — 35.0%⁽¹⁾
Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value

Aerospace and Defense — 0.5%
TransDigm, Inc.
Term Loan, 4.79%, (USD LIBOR + 2.75%), Maturing June 9, 2023⁽²⁾		972	$	977,660
Term Loan, 4.71%, (USD LIBOR + 2.50%), Maturing August 22, 2024⁽²⁾		493		495,664
			$	1,473,324

Automotive — 1.0%
Allison Transmission, Inc.
Term Loan, 3.65%, (1 mo. USD LIBOR + 1.75%), Maturing September 23, 2022		232	$	234,608
Belron Finance US, LLC
Term Loan, 4.29%, (3 mo. USD LIBOR + 2.50%), Maturing November 7, 2024		75		75,327
CS Intermediate Holdco 2, LLC
Term Loan, 4.30%, (3 mo. USD LIBOR + 2.00%), Maturing November 2, 2023		282		284,344
Dayco Products, LLC
Term Loan, 6.98%, (3 mo. USD LIBOR + 5.00%), Maturing May 19, 2023		174		174,773
FCA US, LLC
Term Loan, 3.90%, (1 mo. USD LIBOR + 2.00%), Maturing December 31, 2018		216		216,730
Federal-Mogul Holdings Corporation
Term Loan, 5.65%, (1 mo. USD LIBOR + 3.75%), Maturing April 15, 2021		517		522,762
Goodyear Tire & Rubber Company (The)
Term Loan - Second Lien, 3.90%, (1 mo. USD LIBOR + 2.00%), Maturing March 7, 2025		383		385,410
Horizon Global Corporation
Term Loan, 6.40%, (1 mo. USD LIBOR + 4.50%), Maturing June 30, 2021		73		73,769
Sage Automotive Interiors, Inc.
Term Loan, 6.90%, (1 mo. USD LIBOR + 5.00%), Maturing October 27, 2022		123		124,980
Tower Automotive Holdings USA, LLC
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.75%), Maturing March 7, 2024		516		518,536
			$	2,611,239

Beverage and Tobacco — 0.1%
Flavors Holdings, Inc.
Term Loan, 8.05%, (3 mo. USD LIBOR + 5.75%), Maturing April 3, 2020		335	$	301,760
			$	301,760


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

Brokerage / Securities Dealers / Investment Houses — 0.2%
Aretec Group, Inc.
Term Loan, 6.15%, (1 mo. USD LIBOR + 4.25%), Maturing November 23, 2020		103	$	103,270
Term Loan - Second Lien, 7.40%, (1 mo. USD LIBOR + 5.50% (2.00% Cash, 5.40% PIK)), Maturing May 23, 2021		215		215,647
Oz Management L.P.
Term Loan, 7.13%, (3 mo. USD LIBOR + 4.75%), Maturing April 11, 2023		100		100,625
Salient Partners L.P.
Term Loan, 10.40%, (1 mo. USD LIBOR + 8.50%), Maturing May 19, 2021		128		126,326
			$	545,868

Building and Development — 0.8%
Core & Main L.P.
Term Loan, 5.12%, (USD LIBOR + 3.00%), Maturing August 1, 2024⁽²⁾		124	$	125,152
CPG International, Inc.
Term Loan, 5.59%, (6 mo. USD LIBOR + 3.75%), Maturing May 3, 2024		390		393,733
DTZ U.S. Borrower, LLC
Term Loan, 5.36%, (3 mo. USD LIBOR + 3.25%), Maturing November 4, 2021		561		562,687
Quikrete Holdings, Inc.
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing November 15, 2023		433		435,072
RE/MAX International, Inc.
Term Loan, 5.05%, (3 mo. USD LIBOR + 2.75%), Maturing December 15, 2023		397		398,859
Summit Materials Companies I, LLC
Term Loan, 4.15%, (1 mo. USD LIBOR + 2.25%), Maturing November 21, 2024		125		125,584
			$	2,041,087

Business Equipment and Services — 4.1%
Acosta Holdco, Inc.
Term Loan, 5.15%, (1 mo. USD LIBOR + 3.25%), Maturing September 26, 2021		529	$	434,908
Ceridian HCM Holding, Inc.
Term Loan, Maturing April 5, 2025⁽³⁾		225		226,969
Change Healthcare Holdings, Inc.
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing March 1, 2024		1,163		1,169,157


		4		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


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

Business Equipment and Services (continued)
Corporate Capital Trust, Inc.
Term Loan, 5.56%, (3 mo. USD LIBOR + 3.25%), Maturing May 20, 2019		1,042	$	1,045,711
CPM Holdings, Inc.
Term Loan, 5.40%, (1 mo. USD LIBOR + 3.50%), Maturing April 11, 2022		244		247,620
Cypress Intermediate Holdings III, Inc.
Term Loan, 4.91%, (1 mo. USD LIBOR + 3.00%), Maturing April 27, 2024		223		224,848
EAB Global, Inc.
Term Loan, 6.25%, (USD LIBOR + 3.75%), Maturing November 15, 2024⁽²⁾		200		200,500
Education Management, LLC
Term Loan, 0.00%, Maturing July 2, 2020⁽⁴⁾⁽⁸⁾		67		31,992
Term Loan, 0.00%, Maturing July 2, 2020⁽⁴⁾⁽⁸⁾		152		0
EIG Investors Corp.
Term Loan, 5.96%, (3 mo. USD LIBOR + 4.00%), Maturing February 9, 2023		535		540,400
Extreme Reach, Inc.
Term Loan, 8.16%, (1 mo. USD LIBOR + 6.25%), Maturing February 7, 2020		101		100,587
First Data Corporation
Term Loan, 4.15%, (1 mo. USD LIBOR + 2.25%), Maturing July 8, 2022		481		483,228
Garda World Security Corporation
Term Loan, 5.51%, (3 mo. USD LIBOR + 3.50%), Maturing May 24, 2024		318		321,778
IG Investment Holdings, LLC
Term Loan, 5.80%, (3 mo. USD LIBOR + 3.50%), Maturing October 29, 2021		433		438,331
Information Resources, Inc.
Term Loan, 6.19%, (3 mo. USD LIBOR + 4.25%), Maturing January 18, 2024		173		174,956
ION Trading Technologies S.a.r.l.
Term Loan, 5.05%, (3 mo. USD LIBOR + 2.75%), Maturing November 21, 2024		349		345,634
Iron Mountain, Inc.
Term Loan, 3.65%, (1 mo. USD LIBOR + 1.75%), Maturing January 2, 2026		125		124,727
J.D. Power and Associates
Term Loan, 6.55%, (3 mo. USD LIBOR + 4.25%), Maturing September 7, 2023		173		173,881
KAR Auction Services, Inc.
Term Loan, 4.56%, (3 mo. USD LIBOR + 2.25%), Maturing March 11, 2021		349		351,041


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

Business Equipment and Services (continued)
Kronos Incorporated
Term Loan, 4.88%, (1 mo. USD LIBOR + 3.00%), Maturing November 1, 2023			1,040	$	1,050,166
LegalZoom.com, Inc.
Term Loan, 6.40%, (1 mo. USD LIBOR + 4.50%), Maturing November 21, 2024			125		126,090
Monitronics International, Inc.
Term Loan, 7.80%, (3 mo. USD LIBOR + 5.50%), Maturing September 30, 2022			391		380,178
ON Assignment, Inc.
Term Loan, 3.90%, (1 mo. USD LIBOR + 2.00%), Maturing February 21, 2025			72		72,237
PGX Holdings, Inc.
Term Loan, 7.16%, (1 mo. USD LIBOR + 5.25%), Maturing September 29, 2020			332		323,867
Pre-Paid Legal Services, Inc.
Term Loan, Maturing April 17, 2025⁽³⁾			75		75,859
Prime Security Services Borrower, LLC
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing May 2, 2022			297		298,796
Red Ventures, LLC
Term Loan, 5.90%, (1 mo. USD LIBOR + 4.00%), Maturing November 8, 2024			199		201,695
Solera, LLC
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing March 3, 2023			124		125,029
Spin Holdco, Inc.
Term Loan, 5.08%, (3 mo. USD LIBOR + 3.25%), Maturing November 14, 2022			613		617,988
Techem GmbH
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing October 2, 2024	EUR		200		242,476
Tempo Acquisition, LLC
Term Loan, 4.90%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2024			149		149,861
Travelport Finance (Luxembourg) S.a.r.l.
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing March 17, 2025			300		301,617
Vantiv, LLC
Term Loan, 3.90%, (1 mo. USD LIBOR + 2.00%), Maturing October 14, 2023			81		81,532
Term Loan, 3.90%, (1 mo. USD LIBOR + 2.00%), Maturing August 9, 2024			200		201,500
West Corporation
Term Loan, 5.90%, (1 mo. USD LIBOR + 4.00%), Maturing October 10, 2024			175		175,476
				$	11,060,635


		5		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


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

Cable and Satellite Television — 1.6%
Charter Communications Operating, LLC
Term Loan, 3.91%, (1 mo. USD LIBOR + 2.00%), Maturing April 30, 2025		549	$	551,867
CSC Holdings, LLC
Term Loan, 4.15%, (1 mo. USD LIBOR + 2.25%), Maturing July 17, 2025		455		455,293
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing January 25, 2026		200		200,834
MCC Iowa, LLC
Term Loan, 3.75%, (1 week USD LIBOR + 2.00%), Maturing January 15, 2025		167		167,489
Numericable Group S.A.
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing July 31, 2025		322		319,035
Radiate Holdco, LLC
Term Loan, 4.90%, (1 mo. USD LIBOR + 3.00%), Maturing February 1, 2024		175		173,341
Telenet Financing USD, LLC
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing March 1, 2026		50		50,295
Unitymedia Finance, LLC
Term Loan, 4.15%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2026		150		150,109
UPC Financing Partnership
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2026		450		451,406
Virgin Media Bristol, LLC
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2026		1,275		1,282,881
Ziggo Secured Finance Partnership
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing April 15, 2025		625		622,873
			$	4,425,423

Chemicals and Plastics — 1.5%
Ashland, Inc.
Term Loan, 3.90%, (1 mo. USD LIBOR + 2.00%), Maturing May 17, 2024		99	$	100,193
Axalta Coating Systems US Holdings, Inc.
Term Loan, 4.05%, (3 mo. USD LIBOR + 1.75%), Maturing June 1, 2024		367		368,498
Emerald Performance Materials, LLC
Term Loan, 5.40%, (1 mo. USD LIBOR + 3.50%), Maturing August 1, 2021		336		339,456
Term Loan - Second Lien, 9.65%, (1 mo. USD LIBOR + 7.75%), Maturing August 1, 2022		100		100,292


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

Chemicals and Plastics (continued)
Ferro Corporation
Term Loan, Maturing February 14, 2024⁽³⁾			49	$	49,725
Term Loan, Maturing February 14, 2024⁽³⁾			51		50,806
Gemini HDPE, LLC
Term Loan, 4.86%, (3 mo. USD LIBOR + 2.50%), Maturing August 7, 2024			358		360,517
H.B. Fuller Company
Term Loan, 3.90%, (1 mo. USD LIBOR + 2.00%), Maturing October 20, 2024			323		324,663
Ineos US Finance, LLC
Term Loan, 3.90%, (1 mo. USD LIBOR + 2.00%), Maturing March 31, 2024			524		526,183
Invictus US, LLC
Term Loan, 4.90%, (1 mo. USD LIBOR + 3.00%), Maturing January 24, 2025			75		75,668
Kraton Polymers, LLC
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing March 5, 2025			59		59,190
MacDermid, Inc.
Term Loan, 4.90%, (1 mo. USD LIBOR + 3.00%), Maturing June 7, 2023			258		259,646
PQ Corporation
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing February 8, 2025			346		348,285
Solenis International L.P.
Term Loan, 4.50%, (3 mo. EURIBOR + 3.50%, Floor 1.00%), Maturing July 31, 2021	EUR		169		204,596
Spectrum Holdings III Corp.
Term Loan, 1.00%, Maturing January 31, 2025⁽⁵⁾			11		11,306
Term Loan, 5.15%, (1 mo. USD LIBOR + 3.25%), Maturing January 31, 2025			114		114,319
Tata Chemicals North America, Inc.
Term Loan, 5.06%, (3 mo. USD LIBOR + 2.75%), Maturing August 7, 2020			161		162,840
Tronox Blocked Borrower, LLC
Term Loan, 5.30%, (3 mo. USD LIBOR + 3.00%), Maturing September 22, 2024			158		160,148
Tronox Finance, LLC
Term Loan, 5.30%, (3 mo. USD LIBOR + 3.00%), Maturing September 22, 2024			365		369,572
Unifrax Corporation
Term Loan, 5.80%, (3 mo. USD LIBOR + 3.50%), Maturing April 4, 2024			199		201,114
				$	4,187,017


		6		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


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

Conglomerates — 0.1%
Spectrum Brands, Inc.
Term Loan, 3.96%, (USD LIBOR + 2.00%), Maturing June 23, 2022⁽²⁾			323	$	323,297
				$	323,297

Containers and Glass Products — 0.5%
BWAY Holding Company
Term Loan, 5.59%, (USD LIBOR + 3.25%), Maturing April 3, 2024⁽²⁾			239	$	240,538
Consolidated Container Company, LLC
Term Loan, 4.90%, (1 mo. USD LIBOR + 3.00%), Maturing May 22, 2024			249		250,877
Horizon Holdings III SAS
Term Loan, 2.75%, (6 mo. EURIBOR + 2.75%), Maturing October 29, 2022	EUR		278		336,536
Pelican Products, Inc.
Term Loan, 8.00%, (3 mo. USD Prime + 3.25%), Maturing April 11, 2020			416		417,112
				$	1,245,063

Cosmetics / Toiletries — 0.1%
KIK Custom Products, Inc.
Term Loan, 5.90%, (1 week USD LIBOR + 4.00%), Maturing May 15, 2023			246	$	248,450
				$	248,450

Drugs — 1.4%
Alkermes, Inc.
Term Loan, 4.13%, (1 mo. USD LIBOR + 2.25%), Maturing March 23, 2023			71	$	71,953
Amneal Pharmaceuticals, LLC
Term Loan, 5.40%, (1 mo. USD LIBOR + 3.50%), Maturing November 1, 2019			627		627,339
Arbor Pharmaceuticals, Inc.
Term Loan, 6.99%, (2 mo. USD LIBOR + 5.00%), Maturing July 5, 2023			265		263,364
Endo Luxembourg Finance Company I S.a.r.l.
Term Loan, 6.19%, (1 mo. USD LIBOR + 4.25%), Maturing April 29, 2024			769		766,624
Horizon Pharma, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 3.25%), Maturing March 29, 2024			563		567,021
Mallinckrodt International Finance S.A.
Term Loan, 5.20%, (3 mo. USD LIBOR + 2.75%), Maturing September 24, 2024			641		638,119
Term Loan, 4.82%, (3 mo. USD LIBOR + 3.00%), Maturing February 24, 2025			125		124,824


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

Drugs (continued)
PharMerica Corporation
Term Loan, 5.40%, (1 mo. USD LIBOR + 3.50%), Maturing December 6, 2024		125	$	125,859
Valeant Pharmaceuticals International, Inc.
Term Loan, 5.39%, (1 mo. USD LIBOR + 3.50%), Maturing April 1, 2022		672		680,117
			$	3,865,220

Ecological Services and Equipment — 0.3%
Charah, LLC
Term Loan, 8.21%, (USD LIBOR + 6.25%), Maturing October 25, 2024⁽²⁾		98	$	99,474
EnergySolutions, LLC
Term Loan, 6.66%, (1 mo. USD LIBOR + 4.75%), Maturing May 29, 2020		459		464,394
GFL Environmental, Inc.
Term Loan, 5.05%, (3 mo. USD LIBOR + 2.75%), Maturing September 29, 2023		148		148,212
			$	712,080

Electronics / Electrical — 3.8%
Almonde, Inc.
Term Loan, 5.48%, (3 mo. USD LIBOR + 3.50%), Maturing June 13, 2024		423	$	423,272
Answers Finance, LLC
Term Loan - Second Lien, 9.00%, (3 mo. USD Prime + 7.90%, Cap 1.10%), Maturing September 15, 2021		30		29,379
Applied Systems, Inc.
Term Loan, 5.55%, (3 mo. USD LIBOR + 3.25%), Maturing September 19, 2024		348		351,708
Avast Software B.V.
Term Loan, 5.05%, (3 mo. USD LIBOR + 2.75%), Maturing September 30, 2023		329		330,947
Campaign Monitor Finance Pty. Limited
Term Loan, 7.55%, (3 mo. USD LIBOR + 5.25%), Maturing March 18, 2021		117		117,636
CommScope, Inc.
Term Loan, 3.90%, (1 mo. USD LIBOR + 2.00%), Maturing December 29, 2022		124		124,967
Cypress Semiconductor Corporation
Term Loan, 4.15%, (1 mo. USD LIBOR + 2.25%), Maturing July 5, 2021		185		186,060
DigiCert, Inc.
Term Loan, 6.65%, (1 mo. USD LIBOR + 4.75%), Maturing October 31, 2024		150		150,633


		7		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


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

Electronics / Electrical (continued)
Electrical Components International, Inc.
Term Loan, 7.05%, (3 mo. USD LIBOR + 4.75%), Maturing May 28, 2021		603	$	604,826
Electro Rent Corporation
Term Loan, 6.98%, (3 mo. USD LIBOR + 5.00%), Maturing January 31, 2024		222		225,243
Epicor Software Corporation
Term Loan, 5.16%, (1 mo. USD LIBOR + 3.25%), Maturing June 1, 2022		25		25,098
Exact Merger Sub, LLC
Term Loan, 6.55%, (3 mo. USD LIBOR + 4.25%), Maturing September 27, 2024		100		100,619
EXC Holdings III Corp.
Term Loan, 5.16%, (6 mo. USD LIBOR + 3.50%), Maturing December 2, 2024		75		75,654
Flexera Software, LLC
Term Loan, 5.16%, (1 mo. USD LIBOR + 3.25%), Maturing February 26, 2025		25		25,161
Go Daddy Operating Company, LLC
Term Loan, 4.15%, (1 mo. USD LIBOR + 2.25%), Maturing February 15, 2024		818		822,471
GTCR Valor Companies, Inc.
Term Loan, 5.31%, (2 mo. USD LIBOR + 3.25%), Maturing June 16, 2023		121		122,427
Hyland Software, Inc.
Term Loan, 5.14%, (1 mo. USD LIBOR + 3.25%), Maturing July 1, 2022		99		100,276
Infoblox, Inc.
Term Loan, 6.40%, (1 mo. USD LIBOR + 4.50%), Maturing November 7, 2023		145		147,724
Informatica, LLC
Term Loan, 5.15%, (1 mo. USD LIBOR + 3.25%), Maturing August 5, 2022		354		357,393
Lattice Semiconductor Corporation
Term Loan, 6.15%, (1 mo. USD LIBOR + 4.25%), Maturing March 10, 2021		87		87,877
MA FinanceCo., LLC
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing November 19, 2021		872		870,544
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing June 21, 2024		26		25,570
MTS Systems Corporation
Term Loan, 5.15%, (1 mo. USD LIBOR + 3.25%), Maturing July 5, 2023		223		224,620
Renaissance Learning, Inc.
Term Loan, 6.05%, (3 mo. USD LIBOR + 3.75%), Maturing April 9, 2021		121		121,682


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

Electronics / Electrical (continued)
Rocket Software, Inc.
Term Loan, 6.05%, (3 mo. USD LIBOR + 3.75%), Maturing October 14, 2023		222	$	223,610
Seattle Spinco, Inc.
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing June 21, 2024		174		172,900
SkillSoft Corporation
Term Loan, 6.65%, (1 mo. USD LIBOR + 4.75%), Maturing April 28, 2021		680		645,904
SolarWinds Holdings, Inc.
Term Loan, 4.90%, (1 mo. USD LIBOR + 3.00%), Maturing February 5, 2024		175		175,795
Southwire Company
Term Loan, 4.15%, (1 mo. USD LIBOR + 2.25%), Maturing February 10, 2021		391		392,115
SS&C Technologies Holdings Europe S.a.r.l.
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing April 16, 2025		221		222,743
SS&C Technologies, Inc.
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing April 16, 2025		597		602,024
SurveyMonkey, Inc.
Term Loan, 6.81%, (3 mo. USD LIBOR + 4.50%), Maturing April 13, 2024		298		294,773
Tibco Software, Inc.
Term Loan, 5.41%, (1 mo. USD LIBOR + 3.50%), Maturing December 4, 2020		149		149,725
Uber Technologies
Term Loan, 5.90%, (1 mo. USD LIBOR + 4.00%), Maturing July 13, 2023		320		323,126
Term Loan, 5.89%, (1 mo. USD LIBOR + 4.00%), Maturing April 4, 2025		225		227,391
VeriFone, Inc.
Term Loan, 3.91%, (1 mo. USD LIBOR + 2.00%), Maturing January 31, 2025		483		484,912
Vero Parent, Inc.
Term Loan, 7.30%, (3 mo. USD LIBOR + 5.00%), Maturing August 19, 2024		224		224,784
Wall Street Systems Delaware, Inc.
Term Loan, 5.30%, (3 mo. USD LIBOR + 3.00%), Maturing November 21, 2024		125		124,921
Western Digital Corporation
Term Loan, 3.90%, (1 mo. USD LIBOR + 2.00%), Maturing April 29, 2023		344		346,337
			$	10,262,847


		8		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


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

Equipment Leasing — 0.6%
Avolon TLB Borrower 1 (US), LLC
Term Loan, 4.15%, (1 mo. USD LIBOR + 2.25%), Maturing April 3, 2022		744	$	746,759
Delos Finance S.a.r.l.
Term Loan, 4.05%, (3 mo. USD LIBOR + 1.75%), Maturing October 6, 2023		425		428,409
Flying Fortress, Inc.
Term Loan, 4.05%, (3 mo. USD LIBOR + 1.75%), Maturing October 30, 2022		500		503,527
			$	1,678,695

Farming / Agriculture — 0.0%⁽⁶⁾
Mastronardi Produce Limited
Term Loan, Maturing April 18, 2025⁽³⁾		50	$	50,500
			$	50,500

Financial Intermediaries — 1.6%
Armor Holding II, LLC
Term Loan, 6.81%, (3 mo. USD LIBOR + 4.50%), Maturing June 26, 2020		407	$	411,223
Citco Funding, LLC
Term Loan, 4.90%, (1 mo. USD LIBOR + 3.00%), Maturing March 31, 2022		657		663,283
Clipper Acquisitions Corp.
Term Loan, 4.02%, (3 mo. USD LIBOR + 2.00%), Maturing December 27, 2024		175		175,763
Ditech Holding Corporation
Term Loan, 7.90%, (1 mo. USD LIBOR + 6.00%), Maturing June 30, 2022		548		515,366
Donnelley Financial Solutions, Inc.
Term Loan, 4.90%, (1 mo. USD LIBOR + 3.00%), Maturing October 2, 2023		49		48,875
EIG Management Company, LLC
Term Loan, 5.65%, (3 mo. USD LIBOR + 3.75%), Maturing January 30, 2025		50		50,500
FinCo I, LLC
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing December 27, 2022		199		201,358
Focus Financial Partners, LLC
Term Loan, 5.05%, (3 mo. USD LIBOR + 2.75%), Maturing July 3, 2024		224		225,806
Freedom Mortgage Corporation
Term Loan, 6.62%, (1 mo. USD LIBOR + 4.75%), Maturing February 23, 2022		171		174,235
Greenhill & Co., Inc.
Term Loan, 5.73%, (USD LIBOR + 3.75%), Maturing October 12, 2022⁽²⁾		148		149,421


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

Financial Intermediaries (continued)
GreenSky Holdings, LLC
Term Loan, 5.19%, (1 mo. USD LIBOR + 3.25%), Maturing March 29, 2025		200	$	200,750
Guggenheim Partners, LLC
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing July 21, 2023		190		190,621
Harbourvest Partners, LLC
Term Loan, 4.55%, (3 mo. USD LIBOR + 2.25%), Maturing February 20, 2025		75		75,188
LPL Holdings, Inc.
Term Loan, 4.56%, (3 mo. USD LIBOR + 2.25%), Maturing September 23, 2024		248		249,472
NXT Capital, Inc.
Term Loan, 5.41%, (1 mo. USD LIBOR + 3.50%), Maturing November 22, 2022		395		399,444
Quality Care Properties, Inc.
Term Loan, 7.15%, (1 mo. USD LIBOR + 5.25%), Maturing October 31, 2022		469		474,926
StepStone Group L.P.
Term Loan, 5.90%, (1 mo. USD LIBOR + 4.00%), Maturing March 14, 2025		100		100,625
Walker & Dunlop, Inc.
Term Loan, 4.90%, (1 mo. USD LIBOR + 3.00%), Maturing December 11, 2020		119		120,015
			$	4,426,871

Food Products — 1.0%
Alphabet Holding Company, Inc.
Term Loan, 5.40%, (1 mo. USD LIBOR + 3.50%), Maturing September 26, 2024		373	$	323,142
CHG PPC Parent, LLC
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing March 31, 2025		75		75,591
Del Monte Foods, Inc.
Term Loan, 5.15%, (3 mo. USD LIBOR + 3.25%), Maturing February 18, 2021		120		101,684
High Liner Foods Incorporated
Term Loan, 5.53%, (3 mo. USD LIBOR + 3.25%), Maturing April 24, 2021		134		131,200
HLF Financing S.a.r.l.
Term Loan, 7.40%, (1 mo. USD LIBOR + 5.50%), Maturing February 15, 2023		208		210,987
Jacobs Douwe Egberts International B.V.
Term Loan, 4.06%, (3 mo. USD LIBOR + 2.25%), Maturing July 2, 2022		320		323,010


		9		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


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

Food Products (continued)
JBS USA, LLC
Term Loan, 4.68%, (3 mo. USD LIBOR + 2.50%), Maturing October 30, 2022		1,089	$	1,089,408
Nomad Foods Europe Midco Limited
Term Loan, 4.15%, (1 mo. USD LIBOR + 2.25%), Maturing May 15, 2024		100		100,406
Post Holdings, Inc.
Term Loan, 3.90%, (1 mo. USD LIBOR + 2.00%), Maturing May 24, 2024		273		274,449
			$	2,629,877

Food Service — 0.2%
Aramark Services, Inc.
Term Loan, 3.90%, (1 mo. USD LIBOR + 2.00%), Maturing March 11, 2025		150	$	150,794
IRB Holding Corp.
Term Loan, 5.19%, (USD LIBOR + 3.25%), Maturing February 5, 2025⁽²⁾		125		126,406
KFC Holding Co.
Term Loan, 3.64%, (1 mo. USD LIBOR + 1.75%), Maturing April 3, 2025		172		173,892
			$	451,092

Food/Drug Retailers — 0.3%
Albertsons, LLC
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing August 25, 2021		227	$	225,420
Term Loan, 4.96%, (3 mo. USD LIBOR + 3.00%), Maturing June 22, 2023		491		486,318
Diplomat Pharmacy, Inc.
Term Loan, 6.41%, (1 mo. USD LIBOR + 4.50%), Maturing December 20, 2024		81		82,062
			$	793,800

Forest Products — 0.1%
Expera Specialty Solutions, LLC
Term Loan, 6.15%, (1 mo. USD LIBOR + 4.25%), Maturing November 3, 2023		171	$	173,514
			$	173,514

Health Care — 3.6%
ADMI Corp.
Term Loan, Maturing April 4, 2025⁽³⁾		250	$	251,133
Akorn, Inc.
Term Loan, 6.19%, (1 mo. USD LIBOR + 4.25%), Maturing April 16, 2021		159		156,735


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

Health Care (continued)
Alliance Healthcare Services, Inc.
Term Loan, 6.40%, (1 mo. USD LIBOR + 4.50%), Maturing October 24, 2023		124	$	125,202
Avantor, Inc.
Term Loan, 5.90%, (1 mo. USD LIBOR + 4.00%), Maturing November 21, 2024		200		201,931
Beaver-Visitec International, Inc.
Term Loan, 7.30%, (3 mo. USD LIBOR + 5.00%), Maturing August 21, 2023		148		148,489
CHG Healthcare Services, Inc.
Term Loan, 5.36%, (USD LIBOR + 3.00%), Maturing June 7, 2023⁽²⁾		442		446,529
Community Health Systems, Inc.
Term Loan, 4.98%, (3 mo. USD LIBOR + 3.00%), Maturing December 31, 2019		362		356,736
Concentra, Inc.
Term Loan, 4.53%, (3 mo. USD LIBOR + 2.75%), Maturing June 1, 2022		50		50,141
DaVita HealthCare Partners, Inc.
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing June 24, 2021		330		333,369
DJO Finance, LLC
Term Loan, 5.36%, (USD LIBOR + 3.25%), Maturing June 8, 2020⁽²⁾		389		391,228
Envision Healthcare Corporation
Term Loan, 4.91%, (1 mo. USD LIBOR + 3.00%), Maturing December 1, 2023		748		753,092
Genoa, a QoL Healthcare Company, LLC
Term Loan, 5.15%, (1 mo. USD LIBOR + 3.25%), Maturing October 28, 2023		99		99,398
Greatbatch Ltd.
Term Loan, 5.15%, (1 mo. USD LIBOR + 3.25%), Maturing October 27, 2022		141		142,054
Hanger, Inc.
Term Loan, 5.40%, (1 mo. USD LIBOR + 3.50%), Maturing February 26, 2025		150		150,562
INC Research, LLC
Term Loan, 4.15%, (1 mo. USD LIBOR + 2.25%), Maturing August 1, 2024		71		71,786
Indivior Finance S.a.r.l.
Term Loan, 6.86%, (3 mo. USD LIBOR + 4.50%), Maturing December 18, 2022		324		327,429
Inovalon Holdings, Inc.
Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing April 2, 2025		175		174,125
Kindred Healthcare, Inc.
Term Loan, 5.88%, (3 mo. USD LIBOR + 3.50%), Maturing April 9, 2021		726		728,801


		10		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


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

Health Care (continued)
Kinetic Concepts, Inc.
Term Loan, 5.55%, (3 mo. USD LIBOR + 3.25%), Maturing February 2, 2024		496	$	500,205
KUEHG Corp.
Term Loan, 6.05%, (3 mo. USD LIBOR + 3.75%), Maturing August 13, 2022		294		296,519
Term Loan - Second Lien, 10.55%, (3 mo. USD LIBOR + 8.25%), Maturing August 18, 2025		50		50,875
Medical Depot Holdings, Inc.
Term Loan, 7.80%, (3 mo. USD LIBOR + 5.50%), Maturing January 3, 2023		145		136,912
MPH Acquisition Holdings, LLC
Term Loan, 5.05%, (3 mo. USD LIBOR + 2.75%), Maturing June 7, 2023		379		381,159
Navicure, Inc.
Term Loan, 5.65%, (1 mo. USD LIBOR + 3.75%), Maturing November 1, 2024		100		100,249
New Millennium Holdco, Inc.
Term Loan, 8.40%, (1 mo. USD LIBOR + 6.50%), Maturing December 21, 2020		87		31,140
Opal Acquisition, Inc.
Term Loan, 6.30%, (3 mo. USD LIBOR + 4.00%), Maturing November 27, 2020		288		283,121
Ortho-Clinical Diagnostics S.A.
Term Loan, 5.65%, (1 mo. USD LIBOR + 3.75%), Maturing June 30, 2021		528		531,944
Parexel International Corporation
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing September 27, 2024		398		400,040
Prospect Medical Holdings, Inc.
Term Loan, 7.44%, (1 mo. USD LIBOR + 5.50%), Maturing February 22, 2024		175		175,656
Quintiles IMS Incorporated
Term Loan, 4.30%, (3 mo. USD LIBOR + 2.00%), Maturing March 7, 2024		572		575,715
Term Loan, 4.30%, (3 mo. USD LIBOR + 2.00%), Maturing January 17, 2025		224		225,274
Select Medical Corporation
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing March 1, 2021		248		249,614
Surgery Center Holdings, Inc.
Term Loan, 5.16%, (1 mo. USD LIBOR + 3.25%), Maturing September 2, 2024		149		149,754
Tecomet, Inc.
Term Loan, 5.28%, (3 mo. USD LIBOR + 3.50%), Maturing May 1, 2024		124		125,355


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

Health Care (continued)
U.S. Anesthesia Partners, Inc.
Term Loan, 4.90%, (1 mo. USD LIBOR + 3.00%), Maturing June 23, 2024		174	$	174,871
Wink Holdco, Inc.
Term Loan, 4.90%, (1 mo. USD LIBOR + 3.00%), Maturing December 2, 2024		324		323,782
			$	9,620,925

Home Furnishings — 0.3%
Serta Simmons Bedding, LLC
Term Loan, 5.70%, (3 mo. USD LIBOR + 3.50%), Maturing November 8, 2023		790	$	717,122
			$	717,122

Industrial Equipment — 1.3%
Apex Tool Group, LLC
Term Loan, 5.65%, (1 mo. USD LIBOR + 3.75%), Maturing February 1, 2022		373	$	374,403
Clark Equipment Company
Term Loan, 4.30%, (3 mo. USD LIBOR + 2.00%), Maturing May 18, 2024		320		321,257
DexKo Global, Inc.
Term Loan, 5.80%, (3 mo. USD LIBOR + 3.50%), Maturing July 24, 2024		125		126,220
EWT Holdings III Corp.
Term Loan, 5.30%, (3 mo. USD LIBOR + 3.00%), Maturing December 20, 2024		688		694,913
Filtration Group Corporation
Term Loan, 5.30%, (3 mo. USD LIBOR + 3.00%), Maturing March 29, 2025		250		252,604
Gardner Denver, Inc.
Term Loan, 5.05%, (3 mo. USD LIBOR + 2.75%), Maturing July 30, 2024		199		200,393
Gates Global, LLC
Term Loan, 5.05%, (3 mo. USD LIBOR + 2.75%), Maturing April 1, 2024		370		372,881
Paladin Brands Holding, Inc.
Term Loan, 7.80%, (3 mo. USD LIBOR + 5.50%), Maturing August 15, 2022		196		198,070
Pro Mach Group, Inc.
Term Loan, 5.03%, (3 mo. USD LIBOR + 3.00%), Maturing March 7, 2025		25		25,092
Robertshaw US Holding Corp.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.50%), Maturing February 28, 2025		150		151,500


		11		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


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

Industrial Equipment (continued)
Tank Holding Corp.
Term Loan, 5.73%, (USD LIBOR + 3.50%), Maturing March 17, 2022⁽²⁾			131	$	132,119
Titan Acquisition Limited
Term Loan, 5.06%, (2 mo. USD LIBOR + 3.00%), Maturing March 28, 2025			425		426,096
Wittur GmbH
Term Loan, 5.00%, (3 mo. EURIBOR + 4.00%, Floor 1.00%), Maturing March 31, 2022	EUR		175		213,355
				$	3,488,903

Insurance — 1.1%
Alliant Holdings I, Inc.
Term Loan, Maturing August 12, 2022⁽³⁾			246	$	248,052
Asurion, LLC
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing August 4, 2022			920		926,786
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing November 3, 2023			418		421,800
Hub International Limited
Term Loan, Maturing April 25, 2025⁽³⁾			725		730,591
Sedgwick Claims Management Services, Inc.
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing March 1, 2021			175		175,281
USI, Inc.
Term Loan, 5.30%, (3 mo. USD LIBOR + 3.00%), Maturing May 16, 2024			398		399,493
				$	2,902,003

Leisure Goods / Activities / Movies — 1.2%
AMC Entertainment, Inc.
Term Loan, 4.15%, (1 mo. USD LIBOR + 2.25%), Maturing December 15, 2022			390	$	392,316
Term Loan, 4.15%, (1 mo. USD LIBOR + 2.25%), Maturing December 15, 2023			99		99,100
Ancestry.com Operations, Inc.
Term Loan, 5.15%, (1 mo. USD LIBOR + 3.25%), Maturing October 19, 2023			124		124,790
Bombardier Recreational Products, Inc.
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing June 30, 2023			813		818,725
CDS U.S. Intermediate Holdings, Inc.
Term Loan, 6.05%, (3 mo. USD LIBOR + 3.75%), Maturing July 8, 2022			192		192,510
ClubCorp Holdings, Inc.
Term Loan, 4.89%, (3 mo. USD LIBOR + 2.75%), Maturing September 18, 2024			269		270,393


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

Leisure Goods / Activities / Movies (continued)
Crown Finance US, Inc.
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing February 28, 2025		300	$	300,068
Delta 2 (LUX) S.a.r.l.
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing February 1, 2024		110		110,223
Emerald Expositions Holding, Inc.
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing May 22, 2024		174		175,641
Lindblad Expeditions, Inc.
Term Loan, 5.95%, (6 mo. USD LIBOR + 3.50%), Maturing March 21, 2025		45		44,738
Term Loan, 5.95%, (6 mo. USD LIBOR + 3.50%), Maturing March 21, 2025		345		346,724
SRAM, LLC
Term Loan, 4.74%, (USD LIBOR + 2.75%), Maturing March 15, 2024⁽²⁾		261		261,665
Steinway Musical Instruments, Inc.
Term Loan, 5.65%, (1 mo. USD LIBOR + 3.75%), Maturing February 13, 2025		125		126,094
			$	3,262,987

Lodging and Casinos — 1.2%
Aristocrat Leisure Limited
Term Loan, 4.36%, (3 mo. USD LIBOR + 2.00%), Maturing October 19, 2024		100	$	100,427
CityCenter Holdings, LLC
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing April 18, 2024		347		349,682
Golden Nugget, Inc.
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing October 4, 2023		124		125,071
GVC Holdings PLC
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing March 15, 2024		150		150,188
Hanjin International Corp.
Term Loan, 4.86%, (3 mo. USD LIBOR + 2.50%), Maturing October 18, 2020		75		75,398
Hilton Worldwide Finance, LLC
Term Loan, 3.65%, (1 mo. USD LIBOR + 1.75%), Maturing October 25, 2023		733		739,825
MGM Growth Properties Operating Partnership L.P.
Term Loan, 3.90%, (1 mo. USD LIBOR + 2.00%), Maturing April 25, 2023		368		370,371
Playa Resorts Holding B.V.
Term Loan, 5.15%, (1 mo. USD LIBOR + 3.25%), Maturing April 29, 2024		348		350,376


		12		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


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

Lodging and Casinos (continued)
Stars Group Holdings B.V. (The)
Term Loan, 5.32%, (3 mo. USD LIBOR + 3.00%), Maturing April 6, 2025		628	$	632,144
VICI Properties 1, LLC
Term Loan, 3.90%, (1 mo. USD LIBOR + 2.00%), Maturing December 20, 2024		239		239,879
Wyndham Hotels & Resorts, Inc.
Term Loan, Maturing March 28, 2025⁽³⁾		200		201,771
			$	3,335,132

Nonferrous Metals/Minerals — 0.4%
Fairmount Santrol, Inc.
Term Loan, 8.30%, (3 mo. USD LIBOR + 6.00%), Maturing November 1, 2022		273	$	276,356
Global Brass & Copper, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 3.25%), Maturing July 18, 2023		148		149,227
Murray Energy Corporation
Term Loan, 9.55%, (3 mo. USD LIBOR + 7.25%), Maturing April 16, 2020		353		314,427
New Day Aluminum, LLC
Term Loan, 10.00%, (4.00% Cash, 6.00% PIK), Maturing October 28, 2020⁽⁴⁾⁽⁷⁾		5		3,137
Noranda Aluminum Acquisition Corporation
Term Loan, 0.00%, Maturing February 28, 2019⁽⁴⁾⁽⁸⁾		78		6,745
Oxbow Carbon, LLC
Term Loan, 5.65%, (1 mo. USD LIBOR + 3.75%), Maturing January 4, 2023		99		100,108
Term Loan - Second Lien, 9.40%, (1 mo. USD LIBOR + 7.50%), Maturing January 4, 2024		125		127,500
			$	977,500

Oil and Gas — 0.8%
Ameriforge Group, Inc.
Term Loan, 11.30%, (3 mo. USD LIBOR + 9.00% (10.30% Cash, 1.00% PIK)), Maturing June 8, 2022		78	$	84,316
Apergy Corp.
Term Loan, Maturing April 20, 2025⁽³⁾		50		50,354
BCP Raptor, LLC
Term Loan, 6.31%, (2 mo. USD LIBOR + 4.25%), Maturing June 24, 2024		124		125,432
Fieldwood Energy, LLC
Term Loan, 7.15%, (1 mo. USD LIBOR + 5.25%), Maturing April 11, 2022		196		196,970


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

Oil and Gas (continued)
Green Plains Renewable Energy, Inc.
Term Loan, 7.41%, (1 mo. USD LIBOR + 5.50%), Maturing August 18, 2023		149	$	151,302
McDermott Technology Americas, Inc.
Term Loan, Maturing March 27, 2025⁽³⁾		175		174,250
Medallion Midland Acquisition, LLC
Term Loan, 5.15%, (1 mo. USD LIBOR + 3.25%), Maturing October 30, 2024		100		100,311
MEG Energy Corp.
Term Loan, 5.81%, (3 mo. USD LIBOR + 3.50%), Maturing December 31, 2023		202		202,849
PSC Industrial Holdings Corp.
Term Loan, 6.15%, (1 mo. USD LIBOR + 4.25%), Maturing October 3, 2024		125		124,843
Sheridan Investment Partners II L.P.
Term Loan, 5.49%, (3 mo. USD LIBOR + 3.50%), Maturing December 16, 2020		27		23,848
Term Loan, 5.49%, (3 mo. USD LIBOR + 3.50%), Maturing December 16, 2020		73		63,944
Term Loan, 5.49%, (3 mo. USD LIBOR + 3.50%), Maturing December 16, 2020		525		459,673
Sheridan Production Partners I, LLC
Term Loan, 5.53%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019		17		14,426
Term Loan, 5.53%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019		28		23,618
Term Loan, 5.53%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019		209		178,239
Ultra Resources, Inc.
Term Loan, 4.90%, (1 mo. USD LIBOR + 3.00%), Maturing April 12, 2024		250		235,000
			$	2,209,375

Publishing — 0.6%
Ascend Learning, LLC
Term Loan, 4.90%, (1 mo. USD LIBOR + 3.00%), Maturing July 12, 2024		174	$	175,061
Getty Images, Inc.
Term Loan, 5.80%, (3 mo. USD LIBOR + 3.50%), Maturing October 18, 2019		533		508,351
Harland Clarke Holdings Corp.
Term Loan, 7.05%, (3 mo. USD LIBOR + 4.75%), Maturing November 3, 2023		195		197,291
Lamar Media Corporation
Term Loan, 3.69%, (1 mo. USD LIBOR + 1.75%), Maturing March 14, 2025		75		75,281


		13		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


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

Publishing (continued)
LSC Communications, Inc.
Term Loan, 7.40%, (1 mo. USD LIBOR + 5.50%), Maturing September 30, 2022		180	$	181,125
Merrill Communications, LLC
Term Loan, 7.61%, (3 mo. USD LIBOR + 5.25%), Maturing June 1, 2022		109		110,331
ProQuest, LLC
Term Loan, 5.65%, (1 mo. USD LIBOR + 3.75%), Maturing October 24, 2021		317		321,225
Tweddle Group, Inc.
Term Loan, 8.36%, (3 mo. USD LIBOR + 6.00%), Maturing October 24, 2022⁽⁴⁾		139		65,333
			$	1,633,998

Radio and Television — 0.8%
CBS Radio, Inc.
Term Loan, 4.62%, (3 mo. USD LIBOR + 2.75%), Maturing November 17, 2024		195	$	196,760
Cumulus Media Holdings, Inc.
Term Loan, 5.16%, (1 mo. USD LIBOR + 3.25%), Maturing December 23, 2020		696		592,571
Entravision Communications Corporation
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing November 29, 2024		174		173,908
Hubbard Radio, LLC
Term Loan, 4.91%, (1 mo. USD LIBOR + 3.00%), Maturing March 28, 2025		113		113,361
iHeartCommunications, Inc.
Term Loan, 0.00%, Maturing July 30, 2019⁽⁸⁾		450		360,000
Raycom TV Broadcasting, LLC
Term Loan, 4.15%, (1 mo. USD LIBOR + 2.25%), Maturing August 23, 2024		174		174,560
Sinclair Television Group, Inc.
Term Loan, Maturing December 12, 2024⁽³⁾		450		452,578
			$	2,063,738

Retailers (Except Food and Drug) — 1.2%
Ascena Retail Group, Inc.
Term Loan, 6.44%, (1 mo. USD LIBOR + 4.50%), Maturing August 21, 2022		273	$	239,567
Bass Pro Group, LLC
Term Loan, 6.90%, (1 mo. USD LIBOR + 5.00%), Maturing September 25, 2024		249		250,460
BJ’s Wholesale Club, Inc.
Term Loan, 5.39%, (1 mo. USD LIBOR + 3.50%), Maturing February 3, 2024		174		174,605


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

Retailers (Except Food and Drug) (continued)
CDW, LLC
Term Loan, 4.06%, (3 mo. USD LIBOR + 1.75%), Maturing August 17, 2023		356	$	358,917
David’s Bridal, Inc.
Term Loan, 6.31%, (3 mo. USD LIBOR + 4.00%), Maturing October 11, 2019		360		311,571
Evergreen Acqco 1 L.P.
Term Loan, 6.11%, (USD LIBOR + 3.75%), Maturing July 9, 2019⁽²⁾		362		352,060
Global Appliance, Inc.
Term Loan, 5.91%, (1 mo. USD LIBOR + 4.00%), Maturing September 29, 2024		149		151,952
Go Wireless, Inc.
Term Loan, 8.40%, (1 mo. USD LIBOR + 6.50%), Maturing December 22, 2024		123		123,900
J. Crew Group, Inc.
Term Loan, 5.12%, (USD LIBOR + 3.00%), Maturing March 5, 2021⁽²⁾⁽⁴⁾		527		352,694
LSF9 Atlantis Holdings, LLC
Term Loan, 7.88%, (1 mo. USD LIBOR + 6.00%), Maturing May 1, 2023		172		169,680
Michaels Stores, Inc.
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing January 30, 2023		205		206,330
Pier 1 Imports (U.S.), Inc.
Term Loan, 5.95%, (6 mo. USD LIBOR + 3.50%), Maturing April 30, 2021		96		89,272
Shutterfly, Inc.
Term Loan, 4.66%, (1 mo. USD LIBOR + 2.75%), Maturing August 17, 2024		75		75,750
Staples, Inc.
Term Loan, 5.79%, (3 mo. USD LIBOR + 4.00%), Maturing September 12, 2024		100		98,899
Vivid Seats Ltd.
Term Loan, 5.40%, (1 week USD LIBOR + 3.50%), Maturing June 30, 2024		174		174,230
			$	3,129,887

Steel — 0.3%
Atkore International, Inc.
Term Loan, 5.06%, (3 mo. USD LIBOR + 2.75%), Maturing December 22, 2023		249	$	251,624
GrafTech Finance, Inc.
Term Loan, 5.40%, (1 mo. USD LIBOR + 3.50%), Maturing February 12, 2025		275		275,859


		14		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


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

Steel (continued)
Neenah Foundry Company
Term Loan, 8.53%, (2 mo. USD LIBOR + 6.50%), Maturing December 13, 2022		123	$	122,820
Phoenix Services International, LLC
Term Loan, 5.64%, (1 mo. USD LIBOR + 3.75%), Maturing March 1, 2025		125		126,719
Zekelman Industries, Inc.
Term Loan, 5.00%, (3 mo. USD LIBOR + 2.75%), Maturing June 14, 2021		151		151,809
			$	928,831

Surface Transport — 0.2%
PODS, LLC
Term Loan, 4.90%, (1 mo. USD LIBOR + 3.00%), Maturing December 6, 2024		100	$	100,536
Stena International S.a.r.l.
Term Loan, 5.31%, (3 mo. USD LIBOR + 3.00%), Maturing March 3, 2021		264		255,750
XPO Logistics, Inc.
Term Loan, 3.92%, (3 mo. USD LIBOR + 2.00%), Maturing February 24, 2025		100		100,682
			$	456,968

Telecommunications — 1.4%
CenturyLink, Inc.
Term Loan, 4.65%, (1 mo. USD LIBOR + 2.75%), Maturing January 31, 2025		823	$	811,879
Consolidated Communications, Inc.
Term Loan, 4.91%, (1 mo. USD LIBOR + 3.00%), Maturing October 4, 2023		124		123,261
Digicel International Finance Limited
Term Loan, 5.61%, (3 mo. USD LIBOR + 3.25%), Maturing May 28, 2024		124		124,246
Frontier Communications Corp.
Term Loan, 5.66%, (1 mo. USD LIBOR + 3.75%), Maturing June 15, 2024		248		245,489
Global Eagle Entertainment, Inc.
Term Loan, 9.36%, (6 mo. USD LIBOR + 7.50%), Maturing January 6, 2023		219		228,698
Intelsat Jackson Holdings S.A.
Term Loan, 6.46%, (3 mo. USD LIBOR + 4.50%), Maturing January 2, 2024		250		259,938
IPC Corp.
Term Loan, 6.86%, (3 mo. USD LIBOR + 4.50%), Maturing August 6, 2021		181		178,133


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

Telecommunications (continued)
Mitel Networks Corporation
Term Loan, 5.65%, (1 mo. USD LIBOR + 3.75%), Maturing September 25, 2023		75	$	75,278
Onvoy, LLC
Term Loan, 6.80%, (3 mo. USD LIBOR + 4.50%), Maturing February 10, 2024		124		119,883
Sprint Communications, Inc.
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.50%), Maturing February 2, 2024		619		621,070
Syniverse Holdings, Inc.
Term Loan, 6.90%, (1 mo. USD LIBOR + 5.00%), Maturing March 9, 2023		150		151,781
Telesat Canada
Term Loan, 4.41%, (2 mo. USD LIBOR + 2.50%), Maturing November 17, 2023		848		853,327
			$	3,792,983

Utilities — 0.8%
Calpine Construction Finance Company L.P.
Term Loan, 4.40%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2025		169	$	169,140
Calpine Corporation
Term Loan, 4.81%, (3 mo. USD LIBOR + 2.50%), Maturing January 15, 2024		877		881,321
Granite Acquisition, Inc.
Term Loan, 5.80%, (3 mo. USD LIBOR + 3.50%), Maturing December 19, 2021		21		21,376
Term Loan, 5.81%, (3 mo. USD LIBOR + 3.50%), Maturing December 19, 2021		464		470,806
Invenergy Thermal Operating I, LLC
Term Loan, 7.80%, (3 mo. USD LIBOR + 5.50%), Maturing October 19, 2022		206		197,029
Lightstone Generation, LLC
Term Loan, 5.65%, (1 mo. USD LIBOR + 3.75%), Maturing January 30, 2024		17		17,562
Term Loan, 5.65%, (1 mo. USD LIBOR + 3.75%), Maturing January 30, 2024		272		274,298
Lonestar Generation, LLC
Term Loan, 8.00%, (3 mo. USD Prime + 3.25%), Maturing February 22, 2021		96		96,486
			$	2,128,018

Total Senior Floating-Rate Loans (identified cost $94,938,797)			$	94,156,029


		15		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


Corporate Bonds & Notes — 20.4%
Security	Principal Amount* (000’s omitted)		Value

Aerospace and Defense — 0.7%
Bombardier, Inc.
6.00%, 10/15/22⁽⁹⁾		600	$	600,000
TransDigm, Inc.
6.50%, 7/15/24		250		254,844
6.50%, 5/15/25		1,000		1,020,000
			$	1,874,844

Automotive — 0.4%
Deck Chassis Acquisition, Inc.
10.00%, 6/15/23⁽⁹⁾		1,000	$	1,060,000
			$	1,060,000

Building and Development — 0.8%
Builders FirstSource, Inc.
5.625%, 9/1/24⁽⁹⁾		1,000	$	993,750
Five Point Operating Co., L.P./Five Point Capital Corp.
7.875%, 11/15/25⁽⁹⁾		500		513,750
Reliance Intermediate Holdings, L.P.
6.50%, 4/1/23⁽⁹⁾		675		703,687
			$	2,211,187

Business Equipment and Services — 1.6%
EIG Investors Corp.
10.875%, 2/1/24		960	$	1,046,400
First Data Corp.
7.00%, 12/1/23⁽⁹⁾		1,000		1,048,880
Prime Security Services Borrower, LLC/Prime Finance, Inc.
9.25%, 5/15/23⁽⁹⁾		41		44,126
ServiceMaster Co., LLC (The)
7.45%, 8/15/27		1,000		1,073,750
Solera, LLC/Solera Finance, Inc.
10.50%, 3/1/24⁽⁹⁾		1,000		1,117,500
			$	4,330,656

Cable and Satellite Television — 1.5%
Cablevision Systems Corp.
8.00%, 4/15/20		1,000	$	1,062,500
CCO Holdings, LLC/CCO Holdings Capital Corp.
5.50%, 5/1/26⁽⁹⁾		1,000		976,200


Security	Principal Amount* (000’s omitted)		Value

Cable and Satellite Television (continued)
Cequel Communications Holdings I, LLC/Cequel Capital Corp.
5.125%, 12/15/21⁽⁹⁾		1,000	$	993,550
SFR Group S.A.
6.00%, 5/15/22⁽⁹⁾		1,000		989,950
			$	4,022,200

Conglomerates — 0.2%
TMS International Corp.
7.25%, 8/15/25⁽⁹⁾		625	$	648,438
			$	648,438

Containers and Glass Products — 1.2%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
7.25%, 5/15/24⁽⁹⁾		1,010	$	1,071,863
BWAY Holding Co.
5.50%, 4/15/24⁽⁹⁾		655		661,026
Reynolds Group Issuer, Inc./Reynolds Group Issuer, LLC
7.00%, 7/15/24⁽⁹⁾		985		1,027,478
Titan Acquisition, Ltd./Titan Co-Borrower, LLC
7.75%, 4/15/26⁽⁹⁾		500		499,375
			$	3,259,742

Distribution & Wholesale — 0.1%
American Tire Distributors, Inc.
10.25%, 3/1/22⁽⁹⁾		750	$	399,375
			$	399,375

Drugs — 0.5%
Catalent Pharma Solutions, Inc.
4.875%, 1/15/26⁽⁹⁾		500	$	488,125
Valeant Pharmaceuticals International, Inc.
5.875%, 5/15/23⁽⁹⁾		755		693,184
9.00%, 12/15/25⁽⁹⁾		120		121,950
			$	1,303,259

Ecological Services and Equipment — 0.4%
Covanta Holding Corp.
5.875%, 7/1/25		1,000	$	975,000
			$	975,000


		16		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


Security		Principal Amount* (000’s omitted)		Value

Electric Utilities — 0.3%
NRG Yield Operating, LLC
5.00%, 9/15/26			810	$	791,775
				$	791,775

Electronics / Electrical — 0.4%
Infor (US), Inc.
6.50%, 5/15/22			1,000	$	1,020,000
				$	1,020,000

Energy — 0.0%⁽⁶⁾
Sunoco, L.P./Sunoco Finance Corp.
4.875%, 1/15/23⁽⁹⁾			75	$	74,023
5.50%, 2/15/26⁽⁹⁾			40		38,700
				$	112,723

Financial Intermediaries — 0.2%
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp.
6.25%, 2/1/22			645	$	659,512
				$	659,512

Food Products — 0.4%
Dean Foods Co.
6.50%, 3/15/23⁽⁹⁾			635	$	610,394
Dole Food Co., Inc.
7.25%, 6/15/25⁽⁹⁾			250		253,125
Iceland Bondco PLC
5.036%, (3 mo. GBP LIBOR + 4.25%), 7/15/20^(9)(10)	GBP		42		58,281
Post Holdings, Inc.
5.625%, 1/15/28⁽⁹⁾			120		115,050
				$	1,036,850

Health Care — 2.5%
HCA Healthcare, Inc.
6.25%, 2/15/21			1,000	$	1,053,750
inVentiv Group Holdings, Inc./inVentiv Health, Inc./ inVentiv Health Clinical, Inc.
7.50%, 10/1/24⁽⁹⁾			600		640,500
Kinetic Concepts, Inc./KCI USA, Inc.
7.875%, 2/15/21⁽⁹⁾			1,500		1,556,475
12.50%, 11/1/21⁽⁹⁾			525		590,625
MPH Acquisition Holdings, LLC
7.125%, 6/1/24⁽⁹⁾			1,000		1,020,410


Security	Principal Amount* (000’s omitted)		Value

Health Care (continued)
Polaris Intermediate Corp.
8.50%, 12/1/22^(9)(11)		1,000	$	1,017,500
WellCare Health Plans, Inc.
5.25%, 4/1/25		750		755,700
			$	6,634,960

Insurance — 0.5%
Alliant Holdings Intermediate, LLC/Alliant Holdings Co-Issuer
8.25%, 8/1/23⁽⁹⁾		1,000	$	1,039,380
Ardonagh Midco 3 PLC
8.625%, 7/15/23⁽⁹⁾		200		207,000
			$	1,246,380

Internet Software & Services — 0.4%
Riverbed Technology, Inc.
8.875%, 3/1/23⁽⁹⁾		1,010	$	938,038
			$	938,038

Leisure Goods / Activities / Movies — 0.7%
AMC Entertainment Holdings, Inc.
6.125%, 5/15/27		2,000	$	1,945,000
Viking Cruises, Ltd.
5.875%, 9/15/27⁽⁹⁾		55		53,212
			$	1,998,212

Lodging and Casinos — 1.5%
Caesars Resort Collection, LLC/CRC Finco, Inc.
5.25%, 10/15/25⁽⁹⁾		936	$	896,220
Golden Nugget, Inc.
8.75%, 10/1/25⁽⁹⁾		1,000		1,047,500
Hilton Domestic Operating Co., Inc.
4.25%, 9/1/24		55		52,937
Hilton Worldwide Finance, LLC / Hilton Worldwide Finance Corp.
4.625%, 4/1/25		1,000		972,300
Jack Ohio Finance, LLC/Jack Ohio Finance 1 Corp.
10.25%, 11/15/22⁽⁹⁾		1,000		1,097,500
			$	4,066,457

Metals / Mining — 0.4%
Teck Resources, Ltd.
8.50%, 6/1/24⁽⁹⁾		1,000	$	1,118,750
			$	1,118,750


		17		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


Security	Principal Amount* (000’s omitted)		Value

Nonferrous Metals / Minerals — 0.9%
Eldorado Gold Corp.
6.125%, 12/15/20⁽⁹⁾		1,000	$	927,500
First Quantum Minerals, Ltd.
7.25%, 4/1/23⁽⁹⁾		1,000		999,800
New Gold, Inc.
6.25%, 11/15/22⁽⁹⁾		500		511,250
			$	2,438,550

Oil and Gas — 2.3%
Ensco PLC
7.75%, 2/1/26		40	$	37,750
Great Western Petroleum, LLC/Great Western Finance Corp.
9.00%, 9/30/21⁽⁹⁾		1,000		1,040,000
Matador Resources Co.
6.875%, 4/15/23		1,000		1,047,500
Oasis Petroleum, Inc.
6.875%, 1/15/23		1,000		1,030,000
Parsley Energy, LLC/Parsley Finance Corp.
6.25%, 6/1/24⁽⁹⁾		1,000		1,047,500
Whiting Petroleum Corp.
6.625%, 1/15/26⁽⁹⁾		1,000		1,026,250
WildHorse Resource Development Corp.
6.875%, 2/1/25		1,000		1,020,000
			$	6,249,000

Packaging & Containers — 0.1%
ARD Securities Finance S.a.r.l.
8.75%, 1/31/23^(9)(11)		200	$	211,500
			$	211,500

Publishing — 0.4%
Laureate Education, Inc.
8.25%, 5/1/25⁽⁹⁾		975	$	1,053,000
			$	1,053,000

Radio and Television — 0.2%
CBS Radio, Inc.
7.25%, 11/1/24⁽⁹⁾		400	$	408,000
			$	408,000


Security	Principal Amount* (000’s omitted)		Value

Retailers (Except Food and Drug) — 0.1%
Party City Holdings, Inc.
6.125%, 8/15/23⁽⁹⁾		300	$	305,250
			$	305,250

Surface Transport — 0.4%
Debt and Asset Trading Corp.
1.00%, 10/10/25⁽¹²⁾		1,060	$	747,300
Park Aerospace Holdings, Ltd.
5.50%, 2/15/24⁽⁹⁾		350		340,813
			$	1,088,113

Technology — 0.4%
Dell International, LLC/EMC Corp.
7.125%, 6/15/24⁽⁹⁾		895	$	954,025
			$	954,025

Telecommunications — 0.8%
CenturyLink, Inc.
7.50%, 4/1/24		595	$	608,387
Hughes Satellite Systems Corp.
6.625%, 8/1/26		470		467,650
Sprint Capital Corp.
6.875%, 11/15/28		225		230,063
Sprint Communications, Inc.
6.00%, 11/15/22		25		25,594
Sprint Corp.
7.875%, 9/15/23		750		806,250
			$	2,137,944

Utilities — 0.1%
AES Corp. (The)
5.50%, 4/15/25		14	$	14,385
Calpine Corp.
5.25%, 6/1/26⁽⁹⁾		75		72,047
TerraForm Power Operating, LLC
4.25%, 1/31/23⁽⁹⁾		45		43,087
5.00%, 1/31/28⁽⁹⁾		70		65,800
			$	195,319

Total Corporate Bonds & Notes (identified cost $55,749,635)			$	54,749,059


		18		See Notes to Financial Statements.

Eaton Vance

Short Duration Diversified Income Fund

April 30, 2018

Portfolio of Investments (Unaudited) — continued


Foreign Corporate Bonds — 0.2%
Security		Principal Amount (000’s omitted)		Value

India — 0.2%
Export-Import Bank of India
3.375%, 8/5/26⁽¹²⁾		$	625	$	580,520

Total Foreign Corporate Bonds (identified cost $614,716)				$	580,520

Foreign Government Securities — 9.4%
Security		Principal Amount* (000’s omitted)		Value

Albania — 0.8%
Republic of Albania
5.75%, 11/12/20⁽¹²⁾	EUR		1,540	$	2,070,650
Total Albania				$	2,070,650

Argentina — 0.1%
Republic of Argentina
3.875%, 1/15/22⁽¹²⁾	EUR		175	$	216,311
Total Argentina				$	216,311

Armenia — 0.4%
Republic of Armenia
7.15%, 3/26/25⁽¹²⁾			1,050	$	1,131,769
Total Armenia				$	1,131,769

Bahamas — 0.7%
Commonwealth of Bahamas
5.75%, 1/16/24⁽¹²⁾			1,800	$	1,863,000
Total Bahamas				$	1,863,000

Barbados — 0.3%
Barbados Government International Bond
6.625%, 12/5/35⁽¹²⁾			855	$	662,625
7.25%, 12/15/21⁽¹²⁾			300		264,000
Total Barbados				$	926,625

Belarus — 0.2%
Republic of Belarus
6.875%, 2/28/23⁽¹²⁾			200	$	209,894
7.625%, 6/29/27⁽¹²⁾			200		215,630
Total Belarus				$	425,524


Security		Principal Amount* (000’s omitted)		Value

Cyprus — 0.2%
Republic of Cyprus
4.25%, 11/4/25⁽¹²⁾	EUR		450	$	617,707
Total Cyprus				$	617,707

Dominican Republic — 0.5%
Dominican Republic International Bond
8.625%, 4/20/27⁽¹²⁾			1,129	$	1,325,446
Total Dominican Republic				$	1,325,446

Ecuador — 0.1%
Republic of Ecuador
7.95%, 6/20/24⁽¹²⁾			200	$	188,750
Total Ecuador				$	188,750

Egypt — 0.1%
Egypt Government International Bond
6.125%, 1/31/22⁽¹²⁾			400	$	411,240
Total Egypt				$	411,240

El Salvador — 0.8%
Republic of El Salvador
6.375%, 1/18/27⁽¹²⁾			1,508	$	1,494,805
8.25%, 4/10/32⁽¹²⁾			182		201,478
8.625%, 2/28/29⁽¹²⁾			418		478,610
Total El Salvador				$	2,174,893

Fiji — 0.3%
Republic of Fiji
6.625%, 10/2/20⁽¹²⁾			929	$	938,281
Total Fiji				$	938,281

Georgia — 0.3%
Republic of Georgia