Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q)

Eaton Vance Balanced Fund (the Fund), a diversified series of Eaton Vance Special Investment Trust, pursues its investment objective by investing in one or more registered investment companies (each a Portfolio) managed by Eaton Vance Management or its affiliates. The Fund owns a pro-rata interest in the net assets of each Portfolio in which it invests. At March 31, 2013, the Fund owned 57.6% of Investment Grade Income Portfolio’s outstanding interests and 66.7% of Large-Cap Core Research Portfolio’s outstanding interests. The Fund’s Schedule of Investments at March 31, 2013 is set forth below.


Investments in Affiliated Portfolios	Value			% of Net Assets
Large-Cap Core Research Portfolio (identified cost, $104,109,262)	$	132,230,936			67.5	%

Investment Grade Income Portfolio (identified cost, $62,875,728)		63,558,010			32.5


Total Investments in Affiliated Portfolios (identified cost, $166,984,990)	$	195,788,946			100.0	%


Other Assets, Less Liabilities	$	(84,804	)		(0.0	)%


Net Assets	$	195,704,142			100.0	%

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

•

Level 1 — quoted prices in active markets for identical investments

•

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. At March 31, 2013 and December 31, 2012, the Fund’s investments in the Portfolios were valued based on Level 1 inputs.

For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.

A copy of each Portfolio’s Form N-Q (containing a Portfolio of Investments) is available on the EDGAR database on the Securities and Exchange Commission’s website (www.sec.gov), at the Commission’s public reference room in Washington, DC (call 1-800-732-0330 for information on the operation of the public reference room) or by calling the Fund’s principal underwriter, Eaton Vance Distributors, Inc., at 1-800-262-1122.

Eaton Vance

Commodity Strategy Fund

March 31, 2013

CONSOLIDATED PORTFOLIO OF INVESTMENTS (Unaudited)

Corporate Bonds — 6.8%


Security	Principal Amount (000’s omitted)		Value
Advertising — 0.1%
Griffey Intermediate, Inc./Griffey Finance Sub, LLC, 7.00%, 10/15/20 ⁽¹⁾	$	461	$	472,525

			$	472,525

Aerospace & Defense — 0.1%
B/E Aerospace, Inc., 5.25%, 4/1/22	$	325	$	336,781
Esterline Technologies Corp., 6.625%, 3/1/17		120		122,775

			$	459,556

Auto Manufacturers — 0.1%
Ford Motor Co., 4.75%, 1/15/43	$	125	$	117,159
Navistar International Corp., 8.25%, 11/1/21		150		153,563

			$	270,722

Auto Parts & Equipment — 0.1%
Cooper-Standard Holdings, Inc., 7.375%, 4/1/18 ⁽¹⁾⁽²⁾	$	100	$	100,500
Lear Corp., 4.75%, 1/15/23 ⁽¹⁾		250		245,000
TRW Automotive, Inc., 7.00%, 3/15/14 ⁽¹⁾		125		131,563

			$	477,063

Banks — 0.1%
Ally Financial, Inc., 3.125%, 1/15/16	$	250	$	253,313
Ally Financial, Inc., 6.75%, 12/1/14		325		350,188

			$	603,501

Chemicals — 0.2%
Hexion US Finance Corp., 6.625%, 4/15/20	$	150	$	151,125
Hexion US Finance Corp./Hexion Nova Scotia Finance ULC, 8.875%, 2/1/18		100		104,000
US Coatings Acquisition, Inc./Flash Dutch 2 BV, 7.375%, 5/1/21 ⁽¹⁾		950		1,003,437

			$	1,258,562

Coal — 0.0% ⁽³⁾
Cloud Peak Energy Resources, LLC/Cloud Peak Energy Finance Corp., 8.25%, 12/15/17	$	150	$	161,250

			$	161,250

Commercial Services — 0.2%
Avis Budget Car Rental, LLC/Avis Budget Finance, Inc, 5.50%, 4/1/23 ⁽¹⁾	$	400	$	401,000
Sotheby’s, 5.25%, 10/1/22 ⁽¹⁾		475		482,125
WEX, Inc., 4.75%, 2/1/23 ⁽¹⁾		375		364,687

			$	1,247,812

Distribution & Wholesale — 0.2%
HD Supply, Inc., 10.50%, 1/15/21	$	850	$	887,187

			$	887,187


Security	Principal Amount (000’s omitted)		Value
Diversified Financial Services — 2.5%
Blue Fin, Ltd., 8.546%, 5/28/13 ^(1)(4)(5)	$	2,250	$	2,266,650
CNH Capital, LLC, 6.25%, 11/1/16		15		16,650
East Lane Re IV, Ltd., 5.796%, 3/14/14 ^(1)(4)(5)		1,400		1,426,880
Everglades Re, Ltd., 17.796%, 4/30/14 ^(1)(4)(5)		4,000		4,372,800
Golden State Re, Ltd., 3.796%, 1/8/15 ^(1)(4)(5)		3,000		3,074,100
International Lease Finance Corp., 4.875%, 4/1/15		225		236,813
International Lease Finance Corp., 5.875%, 4/1/19		360		390,853
International Lease Finance Corp., MTN, 5.625%, 9/20/13		1,000		1,020,000
Nuveen Investments, Inc., 9.125%, 10/15/17 ⁽¹⁾		775		804,062
Nuveen Investments, Inc., 9.50%, 10/15/20 ⁽¹⁾		225		236,250
Residential Re 2011, Ltd., 8.796%, 6/6/15 ^(1)(4)(5)		750		766,500

			$	14,611,558

Electrical Components & Equipment — 0.1%
WireCo WorldGroup, Inc., 9.50%, 5/15/17	$	685	$	719,250

			$	719,250

Electronics — 0.1%
313 Group, Inc., 6.375%, 12/1/19 ⁽¹⁾	$	525	$	523,688

			$	523,688

Engineering & Construction — 0.2%
MasTec, Inc., 4.875%, 3/15/23	$	215	$	213,388
Weekley Homes, LLC/Weekley Finance Corp., 6.00%, 2/1/23 ⁽¹⁾		525		543,375
Zachry Holdings, Inc., 7.50%, 2/1/20 ⁽¹⁾		275		290,812

			$	1,047,575

Entertainment — 0.1%
CCM Merger, Inc., 9.125%, 5/1/19 ⁽¹⁾	$	275	$	283,250
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp., 5.25%, 3/15/21 ⁽¹⁾		250		249,375
Pinnacle Entertainment, Inc., 7.75%, 4/1/22		25		26,969
Pinnacle Entertainment, Inc., 8.625%, 8/1/17		25		26,625
Regal Entertainment Group, 5.75%, 2/1/25		250		246,250

			$	832,469

Foods — 0.2%
Hawk Acquisition Sub, Inc., 4.25%, 10/15/20 ⁽¹⁾	$	650	$	651,625
Land O’Lakes, Inc., 6.00%, 11/15/22 ⁽¹⁾		325		347,750

			$	999,375

Forest Products & Paper — 0.0% ⁽³⁾
Clearwater Paper Corp., 4.50%, 2/1/23 ⁽¹⁾	$	150	$	147,750

			$	147,750

Health Care - Services — 0.3%
HCA, Inc., 6.75%, 7/15/13	$	720	$	732,150
HCA, Inc., 8.50%, 4/15/19		125		138,281
Tenet Healthcare Corp., 4.50%, 4/1/21 ⁽¹⁾		500		491,250
Tenet Healthcare Corp., 4.75%, 6/1/20 ⁽¹⁾		50		50,375
Tenet Healthcare Corp., 6.25%, 11/1/18		25		27,844
Tenet Healthcare Corp., 8.875%, 7/1/19		25		28,187

			$	1,468,087


Security	Principal Amount (000’s omitted)		Value
Home Builders — 0.0% ⁽³⁾
D.R. Horton, Inc., 5.25%, 2/15/15	$	22	$	23,320
D.R. Horton, Inc., 5.625%, 9/15/14		17		17,956
D.R. Horton, Inc., 5.625%, 1/15/16		43		46,870
D.R. Horton, Inc., 6.125%, 1/15/14		60		62,250

			$	150,396

Household Products — 0.1%
Reynolds Group Holdings, Inc., 8.25%, 2/15/21	$	50	$	51,688
Sun Products Corp. (The), 7.75%, 3/15/21 ⁽¹⁾		600		607,500

			$	659,188

Housewares — 0.0% ⁽³⁾
Libbey Glass, Inc., 6.875%, 5/15/20	$	158	$	171,233

			$	171,233

Insurance — 0.0% ⁽³⁾
CNO Financial Group, Inc., 6.375%, 10/1/20 ⁽¹⁾	$	30	$	32,063
Fidelity & Guaranty Life Holdings, Inc., 6.375%, 4/1/21 ⁽¹⁾		175		179,375

			$	211,438

Internet — 0.1%
Equinix, Inc., 5.375%, 4/1/23	$	325	$	330,687
IAC/InterActiveCorp, 4.75%, 12/15/22 ⁽¹⁾		350		343,875

			$	674,562

Iron & Steel — 0.0% ⁽³⁾
Steel Dynamics, Inc., 5.25%, 4/15/23 ⁽¹⁾	$	225	$	228,656

			$	228,656

Lodging — 0.1%
Chester Downs & Marina, LLC, 9.25%, 2/1/20 ⁽¹⁾	$	50	$	48,000
Mandalay Resort Group, 7.625%, 7/15/13		325		331,094
MGM Resorts International, 6.75%, 4/1/13		250		250,000
MGM Resorts International, 7.625%, 1/15/17		55		61,325

			$	690,419

Machinery - Diversified — 0.1%
Case New Holland, Inc., 7.75%, 9/1/13	$	325	$	333,125
Manitowoc Co., Inc. (The), 5.875%, 10/15/22		275		289,438

			$	622,563

Media — 0.4%
CCO Holdings, LLC/CCO Holdings Capital Corp., 5.75%, 9/1/23 ⁽¹⁾	$	50	$	50,375
Cequel Communications Holdings I, LLC/Cequel Capital Corp., 6.375%, 9/15/20 ⁽¹⁾		50		52,125
DISH DBS Corp., 5.00%, 3/15/23 ⁽¹⁾		715		706,956
McGraw-Hill Global Education Holdings, LLC/McGraw-Hill Global Education Finance, 9.75%, 4/1/21 ⁽¹⁾		550		547,250
Nielsen Finance, LLC/Nielsen Finance Co., 4.50%, 10/1/20 ⁽¹⁾		175		175,656
Sinclair Television Group, Inc., 5.375%, 4/1/21 ⁽¹⁾		250		249,375
WideOpenWest Finance, LLC/WideOpenWest Capital Corp., 10.25%, 7/15/19 ⁽¹⁾		390		435,825

			$	2,217,562


Security	Principal Amount (000’s omitted)		Value
Oil & Gas — 0.4%
Chesapeake Energy Corp., 3.25%, 3/15/16	$	350	$	354,812
Chesapeake Energy Corp., 5.75%, 3/15/23		300		304,875
Denbury Resources, Inc., 4.625%, 7/15/23		250		241,563
Newfield Exploration Co., 6.875%, 2/1/20		10		10,775
Newfield Exploration Co., 7.125%, 5/15/18		460		480,125
Pacific Drilling V, Ltd., 7.25%, 12/1/17 ⁽¹⁾		500		530,000
Western Refining, Inc., 6.25%, 4/1/21 ⁽¹⁾		275		281,531

			$	2,203,681

Oil & Gas Services — 0.1%
Exterran Partners LP/EXLP Finance Corp., 6.00%, 4/1/21 ⁽¹⁾	$	175	$	174,781
Hornbeck Offshore Services, Inc., 5.00%, 3/1/21 ⁽¹⁾		175		174,125
Hornbeck Offshore Services, Inc., 5.875%, 4/1/20		150		156,000
Seitel, Inc., 9.50%, 4/15/19 ⁽¹⁾		350		353,063

			$	857,969

Packaging & Containers — 0.1%
BOE Merger Corp., 9.50%, 11/1/17 ⁽¹⁾⁽²⁾	$	300	$	324,375
Crown Americas, LLC/Crown Americas Capital Corp. IV, 4.50%, 1/15/23 ⁽¹⁾		300		292,500
Graphic Packaging International, Inc., 9.50%, 6/15/17		118		125,670

			$	742,545

Pipelines — 0.1%
MarkWest Energy Partners LP/MarkWest Energy Finance Corp., 4.50%, 7/15/23	$	594	$	582,120

			$	582,120

Real Estate — 0.1%
CB Richard Ellis Services, Inc., 11.625%, 6/15/17	$	85	$	91,906
Crescent Resources, LLC/Crescent Ventures, Inc., 10.25%, 8/15/17 ⁽¹⁾		250		275,000

			$	366,906

Real Estate Investment Trusts (REITs) — 0.1%
Geo Group, Inc. (The), 6.625%, 2/15/21	$	125	$	137,969
RHP Hotel Properties LP/RHP Finance Corp., 5.00%, 4/15/21 ⁽¹⁾		375		378,281

			$	516,250

Retail — 0.4%
GRD Holdings III Corp., 10.75%, 6/1/19 ⁽¹⁾	$	395	$	417,219
Landry’s Holdings II, Inc., 10.25%, 1/1/18 ⁽¹⁾		800		842,000
Limited Brands, Inc., 5.25%, 11/1/14		480		508,800
Radio Systems Corp., 8.375%, 11/1/19 ⁽¹⁾		120		127,200
Tops Holding Corp./Tops Markets, LLC, 8.875%, 12/15/17 ⁽¹⁾		300		330,750

			$	2,225,969

Shipbuilding — 0.0% ⁽³⁾
Huntington Ingalls Industries, Inc., 6.875%, 3/15/18	$	200	$	218,500

			$	218,500

Telecommunications — 0.1%
MetroPCS Wireless, Inc., 6.25%, 4/1/21 ⁽¹⁾	$	150	$	153,187
NeuStar, Inc., 4.50%, 1/15/23 ⁽¹⁾		250		240,000
Sprint Nextel Corp., 6.00%, 11/15/22		75		77,438

			$	470,625


Total Corporate Bonds (identified cost $39,145,114)			$	39,998,512



Foreign Corporate Bonds — 2.8%

Security	Principal Amount* (000’s omitted)		Value
Australia — 0.1%
Nufarm Australia, Ltd., 6.375%, 10/15/19 ⁽¹⁾		340	$	350,200

Total Australia			$	350,200

Bermuda — 0.1%
Digicel, Ltd., 6.00%, 4/15/21 ⁽¹⁾		325	$	324,188
Floatel International, Ltd., 8.00%, 10/11/17 ⁽⁶⁾		400		422,000
NCL Corp., Ltd., 5.00%, 2/15/18 ⁽¹⁾		200		204,750

Total Bermuda			$	950,938

Brazil — 0.4%
OGX Austria GmbH, 8.50%, 6/1/18 ⁽⁶⁾		500	$	392,500
Sifco SA, 11.50%, 6/6/16 ⁽⁶⁾		200		138,500
USJ Acucar e Alcool SA, 9.875%, 11/9/19 ⁽¹⁾		200		227,500
Virgolino de Oliveira Finance, Ltd., 10.50%, 1/28/18 ⁽¹⁾		500		535,000
Virgolino de Oliveira Finance, Ltd., 10.50%, 1/28/18 ⁽⁶⁾		145		155,150
WPE International Cooperatief UA, 10.375%, 9/30/20 ⁽¹⁾		1,000		940,000

Total Brazil			$	2,388,650

British Virgin Islands — 0.1%
Global Investments Group Finance, Ltd., 11.00%, 9/24/17 ⁽⁶⁾		800	$	794,000

Total British Virgin Islands			$	794,000

Bulgaria — 0.0% ⁽³⁾
Northern Lights Bulgaria B.V., (Corporate Commercial Bank AD), 8.25%, 8/8/14		150	$	150,750

Total Bulgaria			$	150,750

Canada — 0.3%
Banro Corp., 10.00%, 3/1/17 ⁽¹⁾		500	$	412,500
First Quantum Minerals, Ltd., 7.25%, 10/15/19 ⁽¹⁾		25		25,125
Gran Colombia Gold Corp., 10.00%, 10/31/17		700		626,500
Mattamy Group Corp., 6.50%, 11/15/20 ⁽¹⁾		337		337,842
MDC Partners, Inc., 6.75%, 4/1/20 ⁽¹⁾		260		263,900
Novelis, Inc., 8.75%, 12/15/20		100		113,000

Total Canada			$	1,778,867

Chile — 0.1%
GeoPark Latin America, Ltd. Agencia en Chile, 7.50%, 2/11/20 ⁽¹⁾		300	$	313,500

Total Chile			$	313,500

China — 0.2%
China Liansu Group Holdings, Ltd., 7.875%, 5/13/16 ⁽¹⁾		1,000	$	1,076,250

Total China			$	1,076,250

Colombia — 0.1%
Pacific Rubiales Energy Corp., 5.125%, 3/28/23 ⁽¹⁾		500	$	507,000

Total Colombia			$	507,000

Cyprus — 0.1%
Ocean Rig UDW, Inc., 9.50%, 4/27/16 ⁽¹⁾⁽⁶⁾		400	$	422,000

Total Cyprus			$	422,000

Luxembourg — 0.1%
Intelsat Luxembourg SA, 6.75%, 6/1/18 ⁽¹⁾		225	$	232,875
Intelsat Luxembourg SA, 8.125%, 6/1/23 ⁽¹⁾		450		459,000

Total Luxembourg			$	691,875



Security	Principal Amount* (000’s omitted)		Value
Mexico — 0.1%
Cemex SAB de CV, 5.875%, 3/25/19 ⁽¹⁾		300	$	303,750
Servicios Corporativos Javer SAPI de CV, 9.875%, 4/6/21 ⁽⁶⁾		125		118,125

Total Mexico			$	421,875

Nigeria — 0.1%
Sea Trucks Group, Ltd., 9.00%, 3/26/18 ⁽¹⁾⁽⁶⁾		400	$	402,000

Total Nigeria			$	402,000

Norway — 0.1%
Marine Accurate Well ASA, 9.50%, 4/3/18 ⁽⁶⁾		200	$	203,000
Panoro Energy ASA, 12.00%, 11/15/18 ⁽¹⁾		500		527,500

Total Norway			$	730,500

Peru — 0.4%
Camposol SA, 9.875%, 2/2/17 ⁽⁶⁾		700	$	758,625
CFG Investment SAC, 9.75%, 7/30/19 ⁽¹⁾		200		190,000
CFG Investment SAC, 9.75%, 7/30/19 ⁽⁶⁾		500		475,000
Cia Minera Milpo SAA, 4.625%, 3/28/23 ⁽¹⁾		500		498,250
El Fondo Mivivienda SA, 3.50%, 1/31/23 ⁽¹⁾		200		194,900
Pesquera Exalmar SAA, 7.375%, 1/31/20 ⁽¹⁾		300		289,500

Total Peru			$	2,406,275

Russia — 0.1%
VimpelCom Holdings BV, 9.00%, 2/13/18 ⁽¹⁾	RUB	10,000	$	334,810

Total Russia			$	334,810

Turkey — 0.0% ⁽³⁾
Arcelik AS, 5.00%, 4/3/23 ⁽¹⁾		200	$	199,940

Total Turkey			$	199,940

Ukraine — 0.1%
MHP SA, 8.25%, 4/2/20 ⁽¹⁾		300	$	298,125

Total Ukraine			$	298,125

United Arab Emirates — 0.1%
Millennium Offshore Services Superholdings, LLC, 9.50%, 2/15/18 ⁽¹⁾		800	$	811,000

Total United Arab Emirates			$	811,000

United Kingdom — 0.2%
DTEK Finance PLC, 7.875%, 4/4/18 ⁽¹⁾		300	$	295,515
Jaguar Land Rover Automotive PLC, 5.625%, 2/1/23 ⁽¹⁾		400		417,500
Jaguar Land Rover Automotive PLC, 7.75%, 5/15/18 ⁽¹⁾		75		82,312
Navigator Holdings, Ltd., 9.00%, 12/18/17 ⁽¹⁾⁽⁶⁾		400		406,006

Total United Kingdom			$	1,201,333


Total Foreign Corporate Bonds (identified cost $15,984,647)			$	16,229,888


Foreign Government Bonds — 0.0% ⁽³⁾

Security	Principal Amount (000’s omitted)		Value
Croatia — 0.0% ⁽³⁾
Croatia Government International Bond, 5.50%, 4/4/23 ⁽¹⁾	$	200	$	200,116

Total Croatia			$	200,116


Total Foreign Government Bonds (identified cost $198,108)			$	200,116


U.S. Treasury Obligations — 7.0%

Security	Principal Amount (000’s omitted)		Value
U.S. Treasury Inflation-Protected Notes:
0.125%, 4/15/16 ⁽⁷⁾	$	13,978	$	14,861,960
0.50%, 4/15/15 ⁽⁷⁾		14,875		15,634,010
1.25%, 4/15/14 ⁽⁷⁾		10,227		10,570,870


Total U.S. Treasury Obligations (identified cost $39,731,388)			$	41,066,840


Preferred Securities — 0.1%
Security	Shares		Value
Diversified Financial Services — 0.1%
General Electric Capital Corp., Series A, 7.125% to 6/15/22 ⁽⁸⁾		3	$	356,084
General Electric Capital Corp., Series B, 6.25% to 12/15/22 ⁽⁸⁾		5		570,612

			$	926,696


Total Preferred Securities (identified cost $819,191)			$	926,696


Warrants — 0.0% ⁽³⁾

Security	Shares		Value
Banro Corp., Expires 3/2/17 ⁽¹⁾⁽⁹⁾		103,200	$	11,610
Gran Colombia Gold Corp., Expires 10/31/17 ⁽⁹⁾		200,000		19,688


Total Warrants (identified cost $94,245)			$	31,298


Short-Term Investments — 84.2%

U.S. Treasury Obligations — 76.5%

Security	Principal Amount (000’s omitted)		Value
U.S. Treasury Bill, 0.00%, 4/11/13 ⁽¹⁰⁾	$	90,000	$	89,999,280
U.S. Treasury Bill, 0.00%, 5/16/13		20,000		19,998,680
U.S. Treasury Bill, 0.00%, 6/13/13 ⁽¹⁰⁾		20,000		19,997,660
U.S. Treasury Bill, 0.00%, 7/18/13		20,000		19,995,660
U.S. Treasury Bill, 0.00%, 8/15/13 ⁽¹⁰⁾		40,000		39,987,160
U.S. Treasury Bill, 0.00%, 9/5/13 ⁽¹⁰⁾		40,000		39,984,320
U.S. Treasury Bill, 0.00%, 11/14/13		50,000		49,966,150
U.S. Treasury Bill, 0.00%, 12/12/13		50,000		49,961,950
U.S. Treasury Bill, 0.00%, 1/9/14		50,000		49,955,800
U.S. Treasury Bill, 0.00%, 2/6/14		70,000		69,927,480


Total U.S. Treasury Obligations (identified cost $449,750,115)			$	449,774,140



Other — 7.7%

Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.11% ⁽¹¹⁾	$	45,140	$	45,140,149


Total Other (identified cost $45,140,149)			$	45,140,149


Total Short-Term Investments (identified cost $494,890,264)			$	494,914,289


Total Investments — 100.9% (identified cost $590,862,957)			$	593,367,639


Other Assets, Less Liabilities — (0.9)%			$	(5,349,394	)


Net Assets — 100.0%			$	588,018,245

The percentage shown for each investment category in the Consolidated Portfolio of Investments is based on net assets.



RUB	-	Russian Ruble

MTN	-	Medium-Term Note

*	In U.S. dollars unless otherwise indicated.

(1)

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be sold in certain transactions (normally to qualified institutional buyers) and remain exempt from registration. At March 31, 2013, the aggregate value of these securities is $40,372,836 or 6.9% of the Fund’s net assets.

(2)	Represents a payment-in-kind security which may pay all or a portion of interest in additional par.

(3)	Amount is less than 0.05%.

(4)	Variable rate security. The stated interest rate represents the rate in effect at March 31, 2013.

(5)	Event-linked bond, also known as a catastrophe bond, whose payment of principal is contingent on the non-occurrence of a defined trigger event which may include hurricanes, earthquakes or other weather-related phenomena.

(6)

Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At March 31, 2013, the aggregate value of these securities is $4,686,906 or 0.8% of the Fund’s net assets.

(7)	Inflation-linked security whose principal is adjusted for inflation based on changes in the U.S. Consumer Price Index. Interest is calculated based on the inflation-adjusted principal.

(8)	Security converts to floating rate after the indicated fixed-rate coupon period.

(9)	Non-income producing security.

(10)	Security (or a portion thereof) has been pledged to cover collateral requirements on open futures and/or swap contracts.

(11)

Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of March 31, 2013. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended March 31, 2013 was $9,566.

Basis for Consolidation

The Fund seeks to gain exposure to the commodity markets, in whole or in part, through investments in Eaton Vance CSF Commodity Subsidiary, Ltd. (the Subsidiary), a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands with the same objective and investment policies and restrictions as the Fund. The Fund may invest up to 25% of its total assets in the Subsidiary. The net assets of the Subsidiary at March 31, 2013 were $126,010,639 or 21.4% of the Fund’s consolidated net assets. The Consolidated Portfolio of Investments includes positions of the Fund and the Subsidiary.

A summary of open financial instruments at March 31, 2013 is as follows:

Forward Foreign Currency Exchange Contracts

Sales


Settlement Date	Deliver	In Exchange For	Counterparty	Net Unrealized Appreciation (Depreciation)
6/18/13	Indian Rupee 165,000,000	United States Dollar 2,988,589	JPMorgan Chase Bank NA	$	7,963
6/19/13	British Pound Sterling 3,000,000	United States Dollar 4,561,870	JPMorgan Chase Bank NA		5,343
6/19/13	Czech Koruna 45,500,000	United States Dollar 2,299,606	JPMorgan Chase Bank NA		35,607
6/19/13	Euro 19,250,000	United States Dollar 24,993,248	JPMorgan Chase Bank NA		303,953
6/19/13	Japanese Yen 570,000,000	United States Dollar 6,006,512	JPMorgan Chase Bank NA		(51,916	)
6/19/13	New Zealand Dollar 6,000,000	United States Dollar 4,956,960	JPMorgan Chase Bank NA		(37,628	)

				$	263,322

Purchases
Settlement Date	In Exchange For	Deliver	Counterparty	Net Unrealized Depreciation
6/19/13	Polish Zloty 7,600,000	United States Dollar 2,355,786	JPMorgan Chase Bank NA	$	(36,225	)

				$	(36,225	)

Futures Contracts


Expiration Month/Year	Contracts	Position	Aggregate Cost			Value			Net Unrealized Appreciation (Depreciation)
6/13	52 Gold	Long	$	8,379,800		$	8,297,640		$	(82,160	)
6/13	13 High Grade Copper	Short		(1,144,813	)		(1,109,063	)		35,750
12/13	8 LME Copper	Short		(1,859,800	)		(1,518,700	)		341,100
12/13	8 LME Copper	Long		1,675,000			1,518,700			(156,300	)
7/13	68 Platinum	Long		5,392,400			5,353,640			(38,760	)
6/13	38 Euro-BTP	Short		(5,375,672	)		(5,285,558	)		90,114
6/13	174 Euro-Bund	Long		32,076,790			32,450,386			373,596
6/13	123 Euro-OAT	Short		(21,295,015	)		(21,445,953	)		(150,938	)
6/13	99 U.S. 5-Year Treasury Note	Short		(12,275,226	)		(12,281,414	)		(6,188	)
6/13	41 U.S. 10-Year Treasury Note	Short		(5,381,891	)		(5,411,360	)		(29,469	)
6/13	36 U.S. 30-Year Treasury Bond	Long		5,153,500			5,200,875			47,375
6/13	19 U.S. Ultra-Long Treasury Bond	Short		(3,028,125	)		(2,994,281	)		33,844

									$	457,964

Euro-BTP: Long-term debt securities issued by the Republic of Italy with a remaining term to maturity of 8.5 to 11 years.

Euro-Bund: Long-term debt securities issued by the Federal Republic of Germany with a remaining term to maturity of 8.5 to 10.5 years.

Euro-OAT: Long-term debt securities issued by the French Republic with a remaining term to maturity of 8.5 to 10.5 years.

LME: London Metal Exchange

Interest Rate Swaps


Counterparty	Notional Amount (000’s omitted)		Fund Pays/Receives Floating Rate	Floating Rate Index	Annual Fixed Rate			Termination Date		Net Unrealized Depreciation
Credit Suisse International	$	3,500	Receives	3-Month USD- LIBOR-BBA		3.89	%		6/27/41	$	(672,906	)

										$	(672,906	)

Credit Default Swaps — Buy Protection


Reference Entity	Counterparty	Notional Amount (000’s omitted)		Contract Annual Fixed Rate*			Termination Date		Market Value			Upfront Payments Received (Paid)			Net Unrealized Appreciation (Depreciation)
France	Citibank NA	$	4,000		0.25	% ⁽¹⁾		9/20/16	$	37,654		$	(129,216	)	$	(91,562	)
France	Credit Suisse International		5,000		0.25	⁽¹⁾		6/20/16		34,578			(76,640	)		(42,062	)
Markit CDX Emerging Markets Index	Citibank NA		5,000		5.00	⁽¹⁾		6/20/16		(347,038	)		439,530			92,492
Markit CDX Emerging Markets Index	Citibank NA		3,000		5.00	⁽¹⁾		6/20/17		(312,374	)		231,000			(81,374	)
Markit CDX Emerging Markets Index	Credit Suisse International		2,750		5.00	⁽¹⁾		6/20/16		(190,871	)		232,223			41,352
Markit CDX North America High Yield Index	Credit Suisse International		1,250		5.00	⁽¹⁾		12/20/17		(53,598	)		(2,925	)		(56,523	)
Markit CDX North America High Yield Index	Credit Suisse International		1,500		5.00	⁽¹⁾		12/20/17		(64,318	)		3,515			(60,803	)
Markit CDX North America High Yield Index	Credit Suisse International		3,000		5.00	⁽¹⁾		12/20/17		(128,636	)		(16,923	)		(145,559	)
Markit CDX North America High Yield Index	Credit Suisse International		4,000		5.00	⁽¹⁾		12/20/17		(171,514	)		(67,414	)		(238,928	)
Markit CDX North America High Yield Index	JPMorgan Chase Bank NA		250		5.00	⁽¹⁾		12/20/17		(10,720	)		6,567			(4,153	)

									$	(1,206,837	)	$	619,717		$	(587,120	)

*	The contract annual fixed rate represents the fixed rate of interest received by the Fund (as a seller of protection) or paid by the Fund (as a buyer of protection) annually on the notional amount of the credit default swap contract.

(1)	Upfront payment is exchanged with the counterparty as a result of the standardized trading coupon.

Total Return Swaps


Counterparty	Notional Amount		Fund Pays/Receives Return on Reference Index	Reference Index	Fund Pays/Receives Rate	Rate			Expiration Date		Net Unrealized Appreciation (Depreciation)
Barclays Bank PLC	$	12,400,000	Receives	Excess Return on Barclays Commodity Strategy 1607 Index	Pays		0.50	%		4/30/13	$	(592	)
Barclays Bank PLC		12,300,000	Receives	Excess Return on Barclays Commodity Strategy 1658 Index	Pays		0.55			4/30/13		5,727
Barclays Bank PLC		63,200,000	Receives	Excess Return on Dow Jones-UBS Commodity Index	Pays		0.18			5/15/13		79,056
Citibank NA		13,300,000	Receives	Excess Return on Citi Commodities Term Structure Beta Index	Pays		0.46			5/15/13		(91,713	)
Citibank NA		5,100,000	Receives	Excess Return on Citi DynaVol USD Index	Pays		0.50			8/30/13		30,340
Citibank NA		189,100,000	Receives	Excess Return on Dow Jones-UBS Commodity Index	Pays		0.15			5/15/13		(2,521,219	)
Credit Suisse International		6,500,000	Receives	Excess Return on Credit Suisse Commodity Backwardation 01 Index	Pays		0.50			5/15/13		(95,507	)
Credit Suisse International		6,500,000	Receives	Excess Return on Credit Suisse Commodity Backwardation Index	Pays		0.50			5/15/13		(57,845	)
Credit Suisse International		144,300,000	Receives	Excess Return on Dow Jones-UBS Commodity Index	Pays		0.15			5/15/13		182,756
JPMorgan Chase Bank NA		4,700,000	Receives	Excess Return on J.P. Morgan ETF Efficiente 8 Index	Pays		0.00			4/30/13		—
JPMorgan Chase Bank NA		900,000	Receives	Excess Return on J.P. Morgan FX Volemont Strategy	Pays		0.00			4/30/13		5,593
JPMorgan Chase Bank NA		600,000	Receives	Excess Return on J.P. Morgan Macro Hedge Curve US Long/Flat Index	Pays		0.00			4/30/13		—
JPMorgan Chase Bank NA		2,800,000	Receives	Excess Return on J.P. Morgan Mozaic 3 Index	Pays		2.25			6/28/13		(11,371	)
JPMorgan Chase Bank NA		3,400,000	Receives	Excess Return on J.P. Morgan Volemont Asia Strategy Index	Pays		0.00			5/7/13		1,529
Merrill Lynch International		153,500,000	Receives	Excess Return on Dow Jones-UBS Commodity Index	Pays		0.13			5/15/13		196,005
Merrill Lynch International		9,600,000	Receives	Excess Return on Merrill Lynch MLCX Momentum Index	Pays		0.35			4/30/13		22,534
Merrill Lynch International		16,800,000	Receives	Excess Return on Merrill Lynch Commodities Short MLBXFCS1 Index and Long MLBXFCL1 Index	Pays		0.57			4/30/13		24,725
Merrill Lynch International		13,000,000	Receives	Excess Return on Merrill Lynch MLCX AKL Momentum Index	Pays		0.48			5/15/13		(173,352	)

											$	(2,403,334	)

At March 31, 2013, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

In the normal course of pursuing its investment objective and use of derivatives, the Fund is subject to the following risks:

Commodity Risk: Commodity risk is the risk that the value of a commodity or commodity index will fluctuate based on increases or decreases in the commodities market and factors specific to a particular industry or commodity. The Fund invests primarily in commodity-linked derivative investments, including commodity futures contracts and total return swap contracts based on a commodity index that provide exposure to the investment returns of the commodities markets, without investing directly in physical commodities.

Credit Risk: The Fund enters into credit default swap and total return swap contracts to manage its credit risk, to gain exposure to credit risk or to enhance return.

Interest Rate Risk: Because the Fund holds fixed-rate bonds, the value of these bonds may decrease if interest rates rise. To hedge against this risk, the Fund enters into interest rate swap contracts. The Fund also purchases and sells futures contracts to hedge against changes in interest rates and to enhance return.

Foreign Exchange Risk: The Fund engages in forward foreign currency exchange contracts and total return swap contracts to enhance return or to hedge against fluctuations in currency exchange rates.

Equity Price Risk: The Fund enters into total return swap contracts to enhance return or hedge volatility as an overall asset/risk instrument.

The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) by risk exposure at March 31, 2013 was as follows:


		Fair Value
Risk	Derivative	Asset Derivative		Liability Derivative
Commodity	Futures Contracts*	$	376,850	$	(277,220	)
Commodity	Total Return Swaps		510,803		(2,940,228	)

		$	887,653	$	(3,217,448	)


Credit	Credit Default Swaps	$	72,232	$	(1,279,069	)
Credit	Total Return Swaps		—		(11,371	)

		$	72,232	$	(1,290,440	)


Equity Price	Total Return Swaps	$	31,869	$	—

		$	31,869	$	—


Foreign Exchange	Forward Foreign Currency Exchange Contracts	$	352,866	$	(125,769	)
Foreign Exchange	Total Return Swaps		5,593		—

		$	358,459	$	(125,769	)


Interest Rate	Futures Contracts*	$	544,929	$	(186,595	)
Interest Rate	Interest Rate Swaps		—		(672,906	)

		$	544,929	$	(859,501	)

*	Amount represents cumulative unrealized appreciation or (depreciation) on futures contracts in the Futures Contracts table above.

The cost and unrealized appreciation (depreciation) of investments of the Fund, including the Subsidiary, at March 31, 2013, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	591,647,525

Gross unrealized appreciation	$	2,393,210
Gross unrealized depreciation		(673,096	)

Net unrealized appreciation	$	1,720,114

•

Level 1 — quoted prices in active markets for identical investments

•

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

At March 31, 2013, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at value, were as follows:


Asset Description	Level 1			Level 2			Level 3		Total
Corporate Bonds	$	—		$	39,998,512		$	—	$	39,998,512
Foreign Corporate Bonds		—			16,229,888			—		16,229,888
Foreign Government Bonds		—			200,116			—		200,116
U.S. Treasury Obligations		—			41,066,840			—		41,066,840
Preferred Securities		—			926,696			—		926,696
Warrants		—			31,298			—		31,298
Short-Term Investments -
U.S. Treasury Obligations		—			449,774,140			—		449,774,140
Other		—			45,140,149			—		45,140,149
Total Investments	$	—		$	593,367,639		$	—	$	593,367,639
Forward Foreign Currency Exchange Contracts	$	—		$	352,866		$	—	$	352,866
Futures Contracts		921,779			—			—		921,779
Swap Contracts		—			620,497			—		620,497
Total	$	921,779		$	594,341,002		$	—	$	595,262,781

Liability Description
Forward Foreign Currency Exchange Contracts	$	—		$	(125,769	)	$	—	$	(125,769	)
Futures Contracts		(463,815	)		—			—		(463,815	)
Swap Contracts		—			(4,903,574	)		—		(4,903,574	)
Total	$	(463,815	)	$	(5,029,343	)	$	—	$	(5,493,158	)

The Fund held no investments or other financial instruments as of December 31, 2012 whose fair value was determined using Level 3 inputs. At March 31, 2013, there were no investments transferred between Level 1 and Level 2 during the fiscal year to date then ended.

Eaton Vance

Dividend Builder Fund

March 31, 2013 (Unaudited)

Eaton Vance Dividend Builder Fund (the Fund), a diversified series of Eaton Vance Special Investment Trust, invests substantially all of its assets in Dividend Builder Portfolio (the Portfolio) and owns a pro-rata interest in the Portfolio’s net assets. At March 31, 2013, the value of the Fund’s investment in the Portfolio was $1,078,657,372 and the Fund owned 99.5% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.

Dividend Builder Portfolio

March 31, 2013

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 99.5%


Security	Shares		Value
Aerospace & Defense — 5.5%
Boeing Co. (The)		190,000	$	16,311,500
Honeywell International, Inc.		210,000		15,823,500
Lockheed Martin Corp.		125,000		12,065,000
United Technologies Corp.		165,000		15,415,950

			$	59,615,950

Chemicals — 4.9%
Cytec Industries, Inc.		75,000	$	5,556,000
LyondellBasell Industries NV, Class A		290,000		18,354,100
Monsanto Co.		150,000		15,844,500
PPG Industries, Inc.		100,000		13,394,000

			$	53,148,600

Commercial Banks — 7.8%
KeyCorp		1,150,000	$	11,454,000
PNC Financial Services Group, Inc.		432,000		28,728,000
Regions Financial Corp.		2,000,000		16,380,000
Wells Fargo & Co.		761,672		28,174,247

			$	84,736,247

Communications Equipment — 2.8%
QUALCOMM, Inc.		450,000	$	30,127,500

			$	30,127,500

Computers & Peripherals — 3.9%
Apple, Inc.		94,500	$	41,828,535

			$	41,828,535

Consumer Finance — 1.0%
Discover Financial Services		250,000	$	11,210,000

			$	11,210,000

Containers & Packaging — 0.2%
Amcor, Ltd.		241,861	$	2,343,280

			$	2,343,280

Diversified Financial Services — 5.4%
Bank of America Corp.		1,420,000	$	17,295,600
Citigroup, Inc.		420,000		18,580,800
JPMorgan Chase & Co.		470,000		22,306,200

			$	58,182,600

Diversified Telecommunication Services — 1.9%
Telstra Corp., Ltd.		4,500,000	$	21,159,473

			$	21,159,473

Electric Utilities — 0.5%
Edison International		120,000	$	6,038,400

			$	6,038,400

Energy Equipment & Services — 1.7%
Halliburton Co.		450,000	$	18,184,500

			$	18,184,500


Security	Shares		Value
Food & Staples Retailing — 1.8%
Costco Wholesale Corp.		180,000	$	19,099,800

			$	19,099,800

Food Products — 5.7%
Hershey Co. (The)		140,000	$	12,254,200
Kraft Foods Group, Inc.		250,000		12,882,500
Mondelez International, Inc., Class A		405,000		12,397,050
Nestle SA		225,000		16,284,282
Orkla ASA		1,000,000		8,038,444

			$	61,856,476

Health Care Equipment & Supplies — 2.7%
Abbott Laboratories		200,000	$	7,064,000
Covidien PLC		325,000		22,048,000

			$	29,112,000

Hotels, Restaurants & Leisure — 2.6%
McDonald’s Corp.		284,000	$	28,311,960

			$	28,311,960

Household Products — 0.7%
Svenska Cellulosa AB, Class B		300,000	$	7,745,376

			$	7,745,376

Industrial Conglomerates — 2.1%
General Electric Co.		1,000,000	$	23,120,000

			$	23,120,000

Insurance — 1.7%
Aflac, Inc.		350,000	$	18,207,000

			$	18,207,000

IT Services — 7.6%
Accenture PLC, Class A		460,000	$	34,946,200
International Business Machines Corp.		140,000		29,862,000
Visa, Inc., Class A		102,000		17,323,680

			$	82,131,880

Machinery — 1.2%
Deere & Co.		150,000	$	12,897,000

			$	12,897,000

Media — 3.1%
Comcast Corp., Class A		455,000	$	19,114,550
Walt Disney Co. (The)		250,000		14,200,000

			$	33,314,550

Metals & Mining — 0.6%
Freeport-McMoRan Copper & Gold, Inc.		200,000	$	6,620,000

			$	6,620,000

Multi-Utilities — 1.6%
National Grid PLC		600,000	$	6,971,854
Sempra Energy		125,000		9,992,500

			$	16,964,354


Security	Shares		Value
Oil, Gas & Consumable Fuels — 11.2%
Chevron Corp.		185,000	$	21,981,700
Enbridge, Inc.		250,000		11,635,000
HollyFrontier Corp.		255,000		13,119,750
Kinder Morgan Management, LLC ⁽¹⁾		252,773		22,206,108
Marathon Oil Corp.		400,000		13,488,000
Occidental Petroleum Corp.		199,000		15,595,630
Phillips 66		330,000		23,090,100

			$	121,116,288

Pharmaceuticals — 9.5%
AstraZeneca PLC		410,000	$	20,565,893
Pfizer, Inc.		935,000		26,984,100
Roche Holding AG PC		65,000		15,152,994
Sanofi		315,000		32,125,379
Zoetis, Inc. ⁽¹⁾		246,894		8,246,260

			$	103,074,626

Real Estate Investment Trusts (REITs) — 0.5%
AvalonBay Communities, Inc.		46,072	$	5,835,940

			$	5,835,940

Road & Rail — 1.3%
Union Pacific Corp.		100,000	$	14,241,000

			$	14,241,000

Semiconductors & Semiconductor Equipment — 1.1%
Analog Devices, Inc.		250,000	$	11,622,500

			$	11,622,500

Software — 4.3%
Microsoft Corp.		1,020,000	$	29,182,200
Oracle Corp.		550,000		17,787,000

			$	46,969,200

Specialty Retail — 3.1%
Home Depot, Inc. (The)		220,000	$	15,351,600
Industria de Diseno Textil SA		39,000		5,197,157
TJX Companies, Inc. (The)		280,000		13,090,000

			$	33,638,757

Tobacco — 1.5%
British American Tobacco PLC		303,000	$	16,247,619

			$	16,247,619


Total Common Stocks — 99.5% (identified cost $807,684,179)			$	1,078,701,411


Other Assets, Less Liabilities — 0.5%			$	4,878,193


Net Assets — 100.0%			$	1,083,579,604

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.



PC	-	Participation Certificate

(1)	Non-income producing security.

Country Concentration of Portfolio


Country	Percentage of Net Assets			Value
United States		77.5	%	$	839,886,360
Ireland		5.2			56,994,200
United Kingdom		4.0			43,785,366
France		3.0			32,125,379
Switzerland		2.9			31,437,276
Australia		2.2			23,502,753
Netherlands		1.7			18,354,100
Canada		1.1			11,635,000
Norway		0.7			8,038,444
Sweden		0.7			7,745,376
Spain		0.5			5,197,157

Total Common Stocks		99.5	%	$	1,078,701,411

A summary of open financial instruments at March 31, 2013 is as follows:

Forward Foreign Currency Exchange Contracts

Sales


Settlement Date	Deliver	In Exchange For	Counterparty	Net Unrealized Appreciation (Depreciation)
4/30/13	British Pound Sterling 8,361,112	United States Dollar 12,671,349	Citibank NA	$	(31,059	)
4/30/13	British Pound Sterling 8,361,112	United States Dollar 12,670,697	Standard Chartered Bank		(31,711	)
4/30/13	British Pound Sterling 8,361,112	United States Dollar 12,670,722	State Street Bank and Trust Co.		(31,686	)
4/30/13	Euro 10,882,662	United States Dollar 13,993,906	Citibank NA		41,509
4/30/13	Euro 10,882,662	United States Dollar 13,992,938	Standard Chartered Bank		40,540
4/30/13	Euro 10,882,662	United States Dollar 13,994,069	State Street Bank and Trust Co.		41,672

				$	29,265

At March 31, 2013, the Portfolio had sufficient cash and/or securities to cover commitments under these contracts.

The Portfolio is subject to foreign exchange risk in the normal course of pursuing its investment objective. Because the Portfolio holds foreign currency denominated investments, the value of these investments and related receivables and payables may change due to future changes in foreign currency exchange rates. To hedge against this risk, the Portfolio enters into forward foreign currency exchange contracts. The Portfolio also enters into such contracts to hedge the currency risk of investments it anticipates purchasing.

At March 31, 2013, the aggregate fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in an asset position and in a liability position and whose primary underlying risk exposure is foreign exchange risk was $123,721 and $94,456, respectively.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at March 31, 2013, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	807,853,354

Gross unrealized appreciation	$	271,120,377
Gross unrealized depreciation		(272,320	)

Net unrealized appreciation	$	270,848,057

•

Level 1 — quoted prices in active markets for identical investments

•

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

At March 31, 2013, the hierarchy of inputs used in valuing the Portfolio’s investments and open derivative instruments, which are carried at value, were as follows:


Asset Description	Level 1		Level 2			Level 3		Total
Common Stocks
Consumer Discretionary	$	90,068,110	$	5,197,157		$	—	$	95,265,267
Consumer Staples		56,633,550		48,315,721			—		104,949,271
Energy		139,300,788		—			—		139,300,788
Financials		178,171,787		—			—		178,171,787
Health Care		64,342,360		67,844,266			—		132,186,626
Industrials		109,873,950		—			—		109,873,950
Information Technology		212,679,615		—			—		212,679,615
Materials		59,768,600		2,343,280			—		62,111,880
Telecommunication Services		—		21,159,473			—		21,159,473
Utilities		16,030,900		6,971,854			—		23,002,754
Total Common Stocks	$	926,869,660	$	151,831,751	*	$	—	$	1,078,701,411
Forward Foreign Currency Exchange Contracts	$	—	$	123,721		$	—	$	123,721
Total	$	926,869,660	$	151,955,472		$	—	$	1,078,825,132

Liability Description
Forward Foreign Currency Exchange Contracts	$	—	$	(94,456	)	$	—	$	(94,456	)
Total	$	—	$	(94,456	)	$	—	$	(94,456	)

*	Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

The Portfolio held no investments or other financial instruments as of December 31, 2012 whose fair value was determined using Level 3 inputs. At March 31, 2013, there were no investments transferred between Level 1 and Level 2 during the fiscal year to date then ended.

For information on the Portfolio’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Portfolio’s most recent financial statements included in its semiannual or annual report to shareholders.

Eaton Vance

Greater India Fund

March 31, 2013 (Unaudited)

Eaton Vance Greater India Fund (the Fund), a diversified series of Eaton Vance Special Investment Trust, invests substantially all of its assets in Greater India Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At March 31, 2013, the value of the Fund’s investment in the Portfolio was $317,669,853 and the Fund owned 99.9% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.

Greater India Portfolio

March 31, 2013

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 96.5%


Security	Shares		Value
India — 95.9%
Auto Components — 2.0%
Exide Industries, Ltd.		2,700,722	$	6,423,581

			$	6,423,581

Automobiles — 9.2%
Bajaj Auto, Ltd.		149,153	$	4,886,774
Mahindra & Mahindra, Ltd.		504,585		8,017,357
Maruti Suzuki India, Ltd.		318,110		7,479,181
Tata Motors, Ltd.		805,400		3,932,960
Tata Motors, Ltd., Class A		1,767,540		4,986,896

			$	29,303,168

Commercial Banks — 16.9%
HDFC Bank, Ltd.		1,466,565	$	16,948,140
ICICI Bank, Ltd.		941,694		18,387,397
State Bank of India		162,948		6,255,098
Union Bank of India, Ltd.		1,476,480		5,961,481
Yes Bank, Ltd.		755,910		6,001,360

			$	53,553,476

Construction & Engineering — 5.2%
Larsen & Toubro, Ltd.		547,702	$	13,823,952
NCC, Ltd.		4,712,260		2,851,699

			$	16,675,651

Construction Materials — 1.3%
Shree Cement, Ltd.		54,400	$	4,036,607

			$	4,036,607

Consumer Finance — 2.0%
Shriram Transport Finance Co., Ltd.		487,383	$	6,225,760

			$	6,225,760

Diversified Financial Services — 5.0%
IDFC, Ltd.		2,144,809	$	5,688,869
Multi Commodity Exchange of India, Ltd.		274,850		4,198,263
Rural Electrification Corp., Ltd.		1,551,754		6,037,343

			$	15,924,475

Electric Utilities — 2.5%
Power Grid Corporation of India, Ltd.		4,128,399	$	8,044,967

			$	8,044,967


Electrical Equipment — 0.9%
Crompton Greaves, Ltd.	1,623,070	$	2,817,040

		$	2,817,040

Food Products — 1.2%
McLeod Russel India, Ltd.	586,243	$	3,807,207

		$	3,807,207


Security	Shares		Value
Independent Power Producers & Energy Traders — 1.1%
NTPC, Ltd.		1,290,000	$	3,369,510

			$	3,369,510

Industrial Conglomerates — 1.2%
Aditya Birla Nuvo, Ltd.		215,770	$	3,880,939

			$	3,880,939

IT Services — 13.8%
HCL Technologies, Ltd.		662,844	$	9,770,303
Infosys, Ltd.		187,103		9,968,447
Tata Consultancy Services, Ltd.		627,764		18,182,863
Wipro, Ltd.		740,310		6,023,306

			$	43,944,919

Media — 0.3%
Dish TV India, Ltd. ⁽¹⁾		731,305	$	909,644

			$	909,644

Metals & Mining — 2.6%
NMDC, Ltd.		2,145,540	$	5,387,163
Tata Steel, Ltd.		490,450		2,825,818

			$	8,212,981

Oil, Gas & Consumable Fuels — 6.1%
Bharat Petroleum Corp., Ltd.		636,690	$	4,417,182
Coal India, Ltd.		840,620		4,798,184
Oil & Natural Gas Corp., Ltd.		1,186,270		6,831,694
Reliance Industries, Ltd.		222,927		3,198,412

			$	19,245,472

Pharmaceuticals — 9.6%
Cadila Healthcare, Ltd.		350,270	$	4,815,802
Dr. Reddy’s Laboratories, Ltd.		301,649		9,810,207
Glenmark Pharmaceuticals, Ltd.		894,348		7,607,493
Lupin, Ltd.		721,854		8,348,841

			$	30,582,343

Real Estate Management & Development — 1.8%
Prestige Estates Projects, Ltd.		879,381	$	2,623,869
Sobha Developers, Ltd.		472,474		3,012,528

			$	5,636,397

Thrifts & Mortgage Finance — 7.5%
Housing Development Finance Corp., Ltd.		1,203,790	$	18,257,928
LIC Housing Finance, Ltd.		1,365,210		5,668,369

			$	23,926,297

Tobacco — 5.7%
ITC, Ltd.		3,163,869	$	18,051,982

			$	18,051,982


Total India (identified cost $269,266,058)			$	304,572,416


Sri Lanka — 0.6%
Industrial Conglomerates — 0.6%
John Keells Holdings PLC		1,013,368	$	1,977,516

			$	1,977,516


			Value
Total Sri Lanka (identified cost $1,252,562)			$	1,977,516


Total Common Stocks (identified cost $270,518,620)			$	306,549,932


Short-Term Investments — 1.2%

Description	Principal Amount (000’s omitted)		Value
State Street Bank and Trust Euro Time Deposit, 0.01%, 4/1/13	$	3,701	$	3,700,718


Total Short-Term Investments (identified cost $3,700,718)			$	3,700,718


Total Investments — 97.7% (identified cost $274,219,338)			$	310,250,650


Other Assets, Less Liabilities — 2.3%			$	7,420,226


Net Assets — 100.0%			$	317,670,876

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

(1)	Non-income producing security.

The Portfolio did not have any open financial instruments at March 31, 2013.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at March 31, 2013, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	280,647,870

Gross unrealized appreciation	$	55,443,578
Gross unrealized depreciation		(25,840,798	)

Net unrealized appreciation	$	29,602,780

•

Level 1 — quoted prices in active markets for identical investments

•

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

At March 31, 2013, the hierarchy of inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:


Asset Description	Level 1		Level 2			Level 3		Total
Common Stocks	$	—	$	306,549,932	⁽¹⁾⁽²⁾	$	—	$	306,549,932
Short-Term Investments		—		3,700,718			—		3,700,718
Total Investments	$	—	$	310,250,650		$	—	$	310,250,650

(1)	The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

(2)	Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

Eaton Vance

Investment Grade Income Fund

March 31, 2013 (Unaudited)

Eaton Vance Investment Grade Income Fund (the Fund), a diversified series of Eaton Vance Special Investment Trust, invests substantially all of its assets in Investment Grade Income Portfolio (the Portfolio) and owns a pro-rata interest in the Portfolio’s net assets. At March 31, 2013, the value of the Fund’s investment in the Portfolio was $35,718,273 and the Fund owned 32.4% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.

Investment Grade Income Portfolio

March 31, 2013

PORTFOLIO OF INVESTMENTS (Unaudited)


Corporate Bonds & Notes — 36.0%
Security	Principal Amount (000’s omitted)		Value
Agriculture — 1.1%
Bunge, Ltd. Finance Corp., 3.20%, 6/15/17	$	500	$	517,907
Cargill, Inc., 4.10%, 11/1/42 ⁽¹⁾		345		333,278
Lorillard Tobacco Co., 7.00%, 8/4/41		265		315,488

			$	1,166,673

Automotive — 0.7%
Advance Auto Parts, Inc., 4.50%, 1/15/22	$	400	$	412,144
Ford Motor Co., 7.45%, 7/16/31		250		317,808

			$	729,952

Banks — 7.2%
Ally Financial, Inc., 3.125%, 1/15/16	$	520	$	526,891
American Express Co., 6.80% to 9/1/16, 9/1/66 ⁽²⁾		300		324,375
Bank of America Corp., MTN, 3.30%, 1/11/23		500		494,419
Bank of America Corp., MTN, 5.65%, 5/1/18		435		504,001
Barclays Bank PLC, 5.00%, 9/22/16		380		427,186
Capital One Bank (USA), NA, 3.375%, 2/15/23		384		381,317
Citigroup, Inc., 3.375%, 3/1/23		35		35,382
Citigroup, Inc., 4.05%, 7/30/22		125		129,469
Citigroup, Inc., 4.50%, 1/14/22 ⁽³⁾		390		434,689
CNH Capital, LLC, 3.875%, 11/1/15		350		360,500
Discover Bank, 2.00%, 2/21/18		250		251,158
Discover Financial Services, 3.85%, 11/21/22		200		206,255
Goldman Sachs Group, Inc. (The), 5.75%, 1/24/22		100		116,552
JPMorgan Chase & Co., 4.35%, 8/15/21		360		398,099
KeyBank NA, 1.65%, 2/1/18		290		293,100
Merrill Lynch & Co., Inc., 6.11%, 1/29/37		105		118,828
Morgan Stanley, 3.45%, 11/2/15		250		262,156
Morgan Stanley, 4.875%, 11/1/22 ⁽³⁾		400		425,152
PNC Bank NA, 2.70%, 11/1/22		670		652,546
Regions Bank, 6.45%, 6/26/37		410		445,875
UBS AG/Stamford, CT, MTN, 5.875%, 7/15/16		350		393,165
Wachovia Bank NA, 6.00%, 11/15/17		420		502,124
Wells Fargo & Co., 3.45%, 2/13/23		220		222,105

			$	7,905,344

Beverages — 0.2%
Anheuser-Busch Cos., Inc., 5.50%, 1/15/18	$	175	$	209,425

			$	209,425

Broadcasting and Cable — 0.8%
CCO Holdings, LLC/CCO Holdings Capital Corp., 7.00%, 1/15/19	$	400	$	433,000
Comcast Corp., 6.95%, 8/15/37		300		400,808

			$	833,808

Building Materials — 0.3%
Owens Corning, Inc., 4.20%, 12/15/22	$	300	$	307,636

			$	307,636

Chemicals — 0.3%
LyondellBasell Industries N.V., 5.75%, 4/15/24	$	300	$	353,250

			$	353,250


Security	Principal Amount (000’s omitted)		Value
Commercial Services — 2.0%
Cielo SA/Cielo USA, Inc., 3.75%, 11/16/22 ⁽¹⁾	$	500	$	481,750
Corrections Corp. of America, 7.75%, 6/1/17		380		399,247
Hillenbrand, Inc., 5.50%, 7/15/20		400		444,633
Waste Management, Inc., 7.375%, 3/11/19		460		583,332
Western Union Co. (The), 6.20%, 11/17/36		330		339,772

			$	2,248,734

Communications Services — 1.2%
Intelsat Jackson Holdings SA, 7.25%, 4/1/19	$	420	$	460,950
Motorola Solutions, Inc., 6.00%, 11/15/17		275		322,344
SBA Telecommunications, Inc., 5.75%, 7/15/20 ⁽¹⁾		500		521,875

			$	1,305,169

Computers — 0.3%
Hewlett-Packard Co., 2.65%, 6/1/16	$	115	$	117,398
Hewlett-Packard Co., 3.75%, 12/1/20		120		119,403
Hewlett-Packard Co., 6.00%, 9/15/41		115		117,630

			$	354,431

Diversified Financial Services — 0.2%
Jefferies Group, LLC, 5.125%, 1/20/23	$	220	$	233,543

			$	233,543

Diversified Manufacturing — 1.0%
Caterpillar, Inc., 3.90%, 5/27/21	$	450	$	500,567
Joy Global, Inc., 5.125%, 10/15/21		300		335,809
Tyco Electronics Group SA, 6.55%, 10/1/17		270		323,325

			$	1,159,701

Drugs — 0.4%
Merck & Co., Inc., MTN, 5.76%, 5/3/37	$	335	$	422,937

			$	422,937

Electric Utilities — 1.6%
Comision Federal de Electricidad, 4.875%, 5/26/21 ⁽¹⁾	$	500	$	560,625
Florida Power & Light Co., 4.125%, 2/1/42		400		410,292
Georgia Power Co., 4.30%, 3/15/42		375		378,474
PPL Energy Supply, LLC, 6.50%, 5/1/18		325		385,431

			$	1,734,822

Electrical and Electronic Equipment — 1.0%
Amphenol Corp., 4.00%, 2/1/22	$	460	$	483,005
Energizer Holdings, Inc., 4.70%, 5/19/21		550		588,083

			$	1,071,088

Energy — 0.8%
Cameron International Corp., 4.50%, 6/1/21	$	600	$	672,774
Petrobras International Finance Co., 7.875%, 3/15/19		220		268,892

			$	941,666

Financial Services — 1.5%
AWAS Aviation Capital, Ltd., 7.00%, 10/17/16 ⁽¹⁾	$	485	$	513,888
Ford Motor Credit Co., LLC, 3.00%, 6/12/17		400		410,797
Janus Capital Group, Inc., 6.70%, 6/15/17		370		424,096
Lender Processing Services, Inc., 5.75%, 4/15/23		250		261,875

			$	1,610,656

Foods — 1.2%
ConAgra Foods, Inc., 4.95%, 8/15/20 ⁽¹⁾	$	365	$	418,855
Delhaize Group SA, 5.70%, 10/1/40		500		490,205
Land O’Lakes, Inc., 6.00%, 11/15/22 ⁽¹⁾		430		460,100

			$	1,369,160


Security	Principal Amount (000’s omitted)		Value
Health Services — 0.6%
Fresenius Medical Care US Finance II, Inc., 5.625%, 7/31/19 ⁽¹⁾	$	400	$	441,000
HCA, Inc., 6.50%, 2/15/20		205		231,778

			$	672,778

Home Construction — 1.3%
Lennar Corp., 5.60%, 5/31/15	$	400	$	428,000
MDC Holdings, Inc., 5.625%, 2/1/20		320		359,003
MDC Holdings, Inc., 6.00%, 1/15/43		110		109,612
NVR, Inc., 3.95%, 9/15/22		540		555,766

			$	1,452,381

Insurance — 1.4%
Aflac, Inc., 4.00%, 2/15/22 ⁽³⁾	$	260	$	280,629
American International Group, Inc., MTN, 5.85%, 1/16/18		320		375,553
Principal Financial Group, Inc., 6.05%, 10/15/36		185		229,649
Prudential Financial, Inc., MTN, 6.00%, 12/1/17		310		370,406
Willis Group Holdings PLC, 4.125%, 3/15/16		265		281,788

			$	1,538,025

Internet Software & Services — 0.5%
Equinix, Inc., 7.00%, 7/15/21	$	540	$	601,425

			$	601,425

Lodging and Gaming — 0.9%
International Game Technology, 7.50%, 6/15/19	$	100	$	119,588
Penn National Gaming, Inc., 8.75%, 8/15/19		380		431,300
Starwood Hotels & Resorts Worldwide, Inc., 6.75%, 5/15/18		345		419,441

			$	970,329

Medical Products — 0.5%
Mylan Inc., 3.125%, 1/15/23 ⁽¹⁾⁽³⁾	$	600	$	592,488

			$	592,488

Mining — 0.6%
Rio Tinto Finance USA PLC, 3.50%, 3/22/22	$	600	$	618,901

			$	618,901

Office Equipment/Supplies — 0.3%
Xerox Corp., MTN, 7.20%, 4/1/16	$	300	$	343,934

			$	343,934

Oil and Gas-Equipment and Services — 1.5%
Anadarko Petroleum Corp., 6.375%, 9/15/17	$	570	$	681,302
Rowan Cos., Inc., 7.875%, 8/1/19		270		337,902
Total Capital International SA, 2.70%, 1/25/23		490		493,998
Transocean, Inc., 2.50%, 10/15/17		165		167,338

			$	1,680,540

Pipelines — 0.8%
DCP Midstream Operating, LP, 4.95%, 4/1/22	$	350	$	383,073
Kinder Morgan Energy Partners, LP, 3.45%, 2/15/23		500		506,755

			$	889,828

Real Estate Investment Trusts (REITs) — 2.1%
American Tower Corp., 5.05%, 9/1/20	$	515	$	572,915
AvalonBay Communities, Inc., MTN, 2.85%, 3/15/23		500		488,734
BRE Properties, Inc., 5.50%, 3/15/17		345		391,059
Host Hotels & Resorts, LP, 4.75%, 3/1/23		305		329,400
Simon Property Group LP, 2.75%, 2/1/23		500		492,546

			$	2,274,654


Security	Principal Amount (000’s omitted)		Value
Retail-Specialty and Apparel — 2.0%
AutoZone, Inc., 4.00%, 11/15/20	$	350	$	375,267
Best Buy Co., Inc., 5.50%, 3/15/21		100		97,000
Dollar General Corp., 4.125%, 7/15/17		520		560,950
Gap, Inc. (The), 5.95%, 4/12/21		510		584,278
Macy’s Retail Holdings, Inc., 2.875%, 2/15/23		295		286,327
Staples, Inc., 4.375%, 1/12/23 ⁽³⁾		300		303,496

			$	2,207,318

Software — 0.6%
Fidelity National Information Services, Inc., 5.00%, 3/15/22	$	340	$	362,525
Fiserv, Inc., 3.50%, 10/1/22		315		314,873

			$	677,398

Transportation — 1.1%
Kansas City Southern Mexico, 8.00%, 2/1/18	$	500	$	551,250
Ryder System, Inc., MTN, 2.50%, 3/1/17		640		660,099

			$	1,211,349


Total Corporate Bonds & Notes (identified cost $38,186,355)			$	39,689,343


Agency Mortgage-Backed Securities — 29.0%

Security	Principal Amount (000’s omitted)		Value
Federal Home Loan Mortgage Corp.:
Gold Pool #B10129, 3.50%, 10/1/18	$	7	$	7,292
Gold Pool #C03815, 3.50%, 3/1/42		1,081		1,141,552
Gold Pool #C09032, 3.50%, 2/1/43		1,188		1,252,728
Gold Pool #G04309, 5.50%, 5/1/38		1,653		1,790,819
Gold Pool #G18176, 5.00%, 4/1/22		276		295,405
Pool #A97620, 4.50%, 3/1/41		1,067		1,144,174
Pool #C03517, 4.50%, 9/1/40		1,135		1,216,450
Pool #C09013, 3.00%, 9/1/42		1,136		1,167,512
Pool #C09023, 3.50%, 12/1/42		1,152		1,213,731
Pool #G05958, 5.00%, 8/1/40		624		670,458
Pool #G06091, 5.50%, 5/1/40		883		956,914
Pool #G08348, 5.00%, 6/1/39		615		661,287
Pool #G18309, 4.50%, 5/1/24		551		587,600
Pool #G18441, 2.50%, 8/1/27		373		386,731
Pool #Q00285, 4.50%, 4/1/41		1,737		1,863,711

			$	14,356,364

Federal National Mortgage Association:
Pool #889040, 5.00%, 6/1/37	$	723	$	782,548
Pool #890397, 3.50%, 12/1/26		170		179,801
Pool #918109, 5.00%, 5/1/37		1,697		1,837,478
Pool #929009, 6.00%, 1/1/38		1,041		1,139,523
Pool #AB4827, 3.50%, 4/1/42		670		707,570
Pool #AB6633, 3.50%, 10/1/42		1,160		1,225,280
Pool #AC8540, 4.50%, 12/1/24		412		443,875
Pool #AE0949, 4.00%, 2/1/41		836		891,740
Pool #AE0971, 4.00%, 5/1/25		247		264,570


Security	Principal Amount (000’s omitted)		Value
Pool #AE4680, 4.00%, 11/1/40	$	407	$	434,483
Pool #AE7535, 4.00%, 10/1/40		830		885,976
Pool #AE7758, 3.50%, 11/1/25		555		588,551
Pool #AE9757, 4.00%, 12/1/40		162		172,871
Pool #AH1559, 4.00%, 12/1/40		173		184,759
Pool #AH3804, 4.00%, 2/1/41		1,452		1,556,033
Pool #AH6827, 4.00%, 3/1/26		741		793,218
Pool #AH9055, 4.50%, 4/1/41		1,231		1,329,220
Pool #AK3264, 3.00%, 2/1/27		552		580,539
Pool #AL0161, 4.00%, 4/1/41		119		126,504
Pool #AL2897, 3.50%, 1/1/43		1,623		1,715,202
Pool #AO3759, 3.50%, 5/1/42		1,174		1,240,262
Pool #MA1060, 2.50%, 5/1/27		462		479,890

			$	17,559,893

Government National Mortgage Association,
Pool #781412, 6.50%, 2/15/17	$	117	$	124,411

			$	124,411


Total Agency Mortgage-Backed Securities (identified cost $31,126,055)			$	32,040,668


Commercial Mortgage-Backed Securities — 10.5%

Security	Principal Amount (000’s omitted)		Value
BSCMS, Series 2002-TOP8, Class A2, 4.83%, 8/15/38	$	10	$	10,196
BSCMS, Series 2004-T14, Class A4, 5.20%, 1/12/41 ⁽⁴⁾		342		352,419
CGCMT, Series 2004-C1, Class A3, 5.251%, 4/15/40 ⁽⁴⁾		42		42,277
CGCMT, Series 2004-C1, Class A4, 5.365%, 4/15/40 ⁽⁴⁾		400		415,199
CGCMT, Series 2012-GC8, Class A2, 1.813%, 9/10/45		400		410,778
COMM, Series 2012-CR2, Class AM, 3.791%, 8/15/45		165		177,408
COMM, Series 2012-CR5, Class A4, 2.771%, 12/10/45		110		111,006
COMM, Series 2012-LC4, Class C, 5.649%, 12/10/44 ⁽⁴⁾		215		249,113
CSFB, Series 2003-C3, Class D, 4.131%, 5/15/38		425		425,247
DBUBS, Series 2011-LC1A, Class A1, 3.742%, 11/10/46 ⁽¹⁾		573		615,820
DDR Corp., Series 2009-DDR1, Class C, 6.223%, 10/14/22 ⁽¹⁾		500		531,472
ESA, Series 2013-ESH7, Class D7, 5.052%, 12/5/31 ⁽¹⁾⁽⁴⁾		550		574,175
FMBT, Series 2012-FBLU, Class B, 3.875%, 5/5/27 ⁽¹⁾		400		420,561
GECMC, Series 2004-C1, Class A3, 4.596%, 11/10/38		315		320,409
GECMC, Series 2004-C2, Class A4, 4.893%, 3/10/40		400		411,545
JPMCC, Series 2003-CB7, Class A4, 4.879%, 1/12/38 ⁽⁴⁾		371		378,259
JPMCC, Series 2003-PM1A, Class A4, 5.326%, 8/12/40 ⁽⁴⁾		263		264,054
JPMCC, Series 2005-LDP1, Class A3, 4.865%, 3/15/46		300		306,035
JPMCC, Series 2011-C3, Class A2, 3.673%, 2/15/46 ⁽¹⁾		675		728,138
LB-UBS, Series 2003-C7, Class A4, 4.931%, 9/15/35 ⁽⁴⁾		181		181,569
MLCFC, Series 2006-4, Class A3, 5.172%, 12/12/49 ⁽⁴⁾		300		336,715
MOTEL 6 Trust, Series 2012-MTL6, Class D, 3.781%, 10/5/25 ⁽¹⁾		425		425,856
MSC, Series 2003-IQ6, Class A4, 4.97%, 12/15/41		428		435,412
MSC, Series 2004-IQ8, Class A5, 5.11%, 6/15/40 ⁽⁴⁾		365		379,469
NCUA Guaranteed Notes, Series 2010-C1, Class A1, 1.60%, 10/29/20		586		596,984


Security	Principal Amount (000’s omitted)		Value
NCUA Guaranteed Notes, Series 2010-R1, Class 2A, 1.84%, 10/7/20	$	199	$	201,607
NCUA Guaranteed Notes, Series 2010-R3, Class 3A, 2.40%, 12/8/20		300		310,784
ORES, Series 2012-LV1, Class A, 4.00%, 9/25/44 ⁽¹⁾		57		57,381
RBSCF, Series 2010-MB1, Class C, 4.681%, 4/15/24 ⁽¹⁾⁽⁴⁾		325		339,788
RIAL, Series 2013-LT2, Class A, 2.833%, 5/22/28 ⁽¹⁾⁽⁵⁾		196		195,985
WBCMT, Series 2004-C10, Class A4, 4.748%, 2/15/41		379		388,031
WBCMT, Series 2006-C28, Class A4, 5.572%, 10/15/48		320		361,911
WFCM, Series 2010-C1, Class C, 5.586%, 11/15/43 ⁽¹⁾⁽⁴⁾		500		578,327


Total Commercial Mortgage-Backed Securities (identified cost $11,197,300)			$	11,533,930


Asset-Backed Securities — 1.0%

Security	Principal Amount (000’s omitted)		Value
Automotive — 1.0%
AESOP, Series 2010-3A, Class B, 6.74%, 5/20/16 ⁽¹⁾	$	850	$	929,650
CARMX, Series 2013-1, Class A3, 0.60%, 10/16/17		225		224,813


Total Asset-Backed Securities (identified cost $1,074,994)			$	1,154,463


U.S. Treasury Obligations — 18.0%

Security	Principal Amount (000’s omitted)		Value
U.S. Treasury Bond, 3.875%, 8/15/40	$	2,690	$	3,117,880
U.S. Treasury Bond, 4.50%, 5/15/38		310		395,589
U.S. Treasury Bond, 5.375%, 2/15/31		985		1,371,766
U.S. Treasury Note, 2.00%, 4/30/16		3,925		4,120,332
U.S. Treasury Note, 3.375%, 11/15/19		200		229,125
U.S. Treasury Note, 3.50%, 2/15/18		270		305,838
U.S. Treasury Note, 4.00%, 2/15/15		8,755		9,369,216
U.S. Treasury Note, 4.625%, 2/15/17		830		960,401


Total U.S. Treasury Obligations (identified cost $19,723,055)			$	19,870,147


Preferred Securities — 3.6%

Security	Shares		Value
Diversified Financial Services — 1.3%
General Electric Capital Corp., Series A, 7.125% to 6/15/22 ⁽²⁾		3.07	$	364,393
General Electric Capital Corp., Series B, 6.25% to 12/15/22 ⁽²⁾		2		223,769
PPTT, 2006-A GS, Class A, 5.925% ⁽¹⁾⁽⁶⁾		4		806,008

			$	1,394,170

Electric Utilities — 0.7%
NextEra Energy Capital Holdings, Inc., Series I, 5.125% ⁽³⁾		13,272	$	335,151
SCE Trust I, 5.625%		15,000		394,350

			$	729,501

Insurance — 0.7%
American Overseas Group, Ltd., Series A, 7.50% ⁽⁶⁾⁽⁷⁾		2,000	$	800,125

			$	800,125

Machinery — 0.4%
Stanley Black & Decker, Inc., 5.75%		18,372	$	486,904

			$	486,904


Security	Shares		Value
Real Estate Investment Trusts (REITs) — 0.5%
Boston Properties, Inc., 5.25% ⁽⁷⁾		20,700	$	517,500

			$	517,500


Total Preferred Securities (identified cost $5,012,711)			$	3,928,200

Interest Rate Swaptions — 0.3%

Description

Counterparty

Expiration
Date

Notional
Amount
(000’s omitted)

Value

Option to receive 3-month USD-LIBOR-BBA Rate and pay 1.9025%

Wells Fargo Bank, N.A.

8/13/13

11,500

321,915

Total Interest Rate Swaptions
(identified cost $369,150)

321,915

Short-Term Investments — 2.1%

Description

Interest
(000’s omitted)

Value

Eaton Vance Cash Collateral Fund, LLC, 0.09% ⁽⁸⁾⁽⁹⁾

1,180

1,180,090

Eaton Vance Cash Reserves Fund, LLC, 0.11% ⁽⁹⁾

1,133

1,132,590

Total Short-Term Investments
(identified cost $2,312,680)

2,312,680

Total Investments — 100.5%
(identified cost $109,002,300)

110,851,346

Other Assets, Less Liabilities — (0.5)%

(533,690

)

Net Assets — 100.0%

110,317,656

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.



AESOP	-	Avis Budget Rental Car Funding LLC

BSCMS	-	Bear Stearns Commercial Mortgage Securities Trust

CARMX	-	CarMax Auto Owner Trust

CGCMT	-	Citigroup Commercial Mortgage Trust

COMM	-	Commercial Mortgage Pass-Through Certificates

CSFB	-	Credit Suisse First Boston Mortgage Securities Trust

DBUBS	-	DBUBS Mortgage Trust

ESA	-	Extended Stay America Trust

FMBT	-	Fontainebleau Miami Beach Trust

GECMC	-	General Electric Commercial Mortgage Corp.

JPMCC	-	JPMorgan Chase Commercial Mortgage Securities Trust

LB-UBS	-	LB-UBS Commercial Mortgage Trust

MLCFC	-	ML-CFC Commercial Mortgage Trust

MSC	-	Morgan Stanley Capital I Trust

MTN	-	Medium-Term Note

NCUA	-	National Credit Union Administration

ORES	-	Oaktree Real Estate Investments/Sabal


PPTT	-	Preferred Pass-Through Trust

RBSCF	-	Royal Bank of Scotland Commercial Funding

RIAL	-	Rialto Real Estate Fund LP

WBCMT	-	Wachovia Bank Commercial Mortgage Trust

WFCM	-	Wells Fargo Commercial Mortgage Trust

(1)

(2)	Security converts to floating rate after the indicated fixed-rate coupon period.

(3)	All or a portion of this security was on loan at March 31, 2013.

(4)	Weighted average fixed-rate coupon that changes/updates monthly.

(5)	When-issued security.

(6)	Variable rate security. The stated interest rate represents the rate in effect at March 31, 2013.

(7)	Non-income producing security.

(8)

The amount invested in Eaton Vance Cash Collateral Fund, LLC represents cash collateral received for securities on loan at March 31, 2013. Other Assets, Less Liabilities includes an equal and offsetting liability of the Portfolio to repay collateral amounts upon the return of loaned securities. At March 31, 2013, the Portfolio loaned securities having a market value of $1,154,149 and received $1,180,090 of cash collateral for the loans.

(9)

Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of March 31, 2013. Income earned from investments in Eaton Vance Cash Collateral Fund, LLC (excluding loan rebate fees) and net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended March 31, 2013 was $340 and $377, respectively.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at March 31, 2013, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	108,948,216

Gross unrealized appreciation	$	3,479,109
Gross unrealized depreciation		(1,575,979	)

Net unrealized appreciation	$	1,903,130

The Portfolio is subject to interest rate risk in the normal course of pursuing its investment objectives. Because the Portfolio holds fixed-rate bonds, the value of these bonds may decrease if interest rates rise. To hedge against this risk, the Portfolio enters into interest rate swaptions.

At March 31, 2013, the aggregate fair value of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in an asset position and whose primary underlying risk exposure is interest rate risk was $321,915.

•

Level 1 — quoted prices in active markets for identical investments

•

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

At March 31, 2013, the hierarchy of inputs used in valuing the Portfolio’s investments and open derivative instruments, which are carried at value, were as follows:


Asset Description	Level 1		Level 2		Level 3		Total
Corporate Bonds & Notes	$	—	$	39,689,343	$	—	$	39,689,343
Agency Mortgage-Backed Securities		—		32,040,668		—		32,040,668
Commercial Mortgage-Backed Securities		—		11,533,930		—		11,533,930
Asset-Backed Securities		—		1,154,463		—		1,154,463
U.S. Treasury Obligations		—		19,870,147		—		19,870,147
Preferred Securities
Financials		517,500		2,194,295		—		2,711,795
Industrials		—		486,904		—		486,904
Utilities		394,350		335,151		—		729,501
Interest Rate Swaptions		—		321,915		—		321,915
Short-Term Investments		—		2,312,680		—		2,312,680
Total Investments	$	911,850	$	109,939,496	$	—	$	110,851,346

Eaton Vance

Large-Cap Growth Fund

March 31, 2013 (Unaudited)

Eaton Vance Large-Cap Growth Fund (the Fund), a diversified series of Eaton Vance Special Investment Trust, invests substantially all of its assets in Large-Cap Growth Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At March 31, 2013, the value of the Fund’s investment in the Portfolio was $147,198,748 and the Fund owned 93.6% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.

Large-Cap Growth Portfolio

March 31, 2013

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 99.8%


Security	Shares		Value
Aerospace & Defense — 3.1%
Boeing Co. (The)		20,312	$	1,743,785
United Technologies Corp.		34,088		3,184,842

			$	4,928,627

Air Freight & Logistics — 1.3%
FedEx Corp.		20,318	$	1,995,228

			$	1,995,228

Automobiles — 1.0%
Ford Motor Co.		123,800	$	1,627,970

			$	1,627,970

Beverages — 2.6%
Coca-Cola Co. (The)		47,567	$	1,923,609
PepsiCo, Inc.		26,650		2,108,282

			$	4,031,891

Biotechnology — 4.7%
Celgene Corp. ⁽¹⁾		21,333	$	2,472,708
Gilead Sciences, Inc. ⁽¹⁾		79,938		3,911,366
Vertex Pharmaceuticals, Inc. ⁽¹⁾		19,500		1,072,110

			$	7,456,184

Building Products — 0.9%
Fortune Brands Home & Security, Inc. ⁽¹⁾		37,972	$	1,421,292

			$	1,421,292

Chemicals — 3.9%
Cytec Industries, Inc.		10,693	$	792,137
Ecolab, Inc.		31,385		2,516,449
Monsanto Co.		26,439		2,792,752

			$	6,101,338

Commercial Banks — 2.3%
PNC Financial Services Group, Inc.		24,300	$	1,615,950
Wells Fargo & Co.		55,119		2,038,852

			$	3,654,802

Communications Equipment — 5.1%
F5 Networks, Inc. ⁽¹⁾		16,764	$	1,493,337
QUALCOMM, Inc.		96,649		6,470,651

			$	7,963,988


Security	Shares		Value
Computers & Peripherals — 6.9%
Apple, Inc.		18,358	$	8,125,801
EMC Corp. ⁽¹⁾		116,975		2,794,533

			$	10,920,334

Consumer Finance — 1.7%
American Express Co.		40,300	$	2,718,638

			$	2,718,638

Diversified Financial Services — 1.1%
Citigroup, Inc.		38,500	$	1,703,240

			$	1,703,240

Electrical Equipment — 2.2%
Emerson Electric Co.		41,100	$	2,296,257
Generac Holdings, Inc.		33,067		1,168,588

			$	3,464,845

Energy Equipment & Services — 3.2%
Cameron International Corp. ⁽¹⁾		25,108	$	1,637,042
Halliburton Co.		22,937		926,884
Schlumberger, Ltd.		32,634		2,443,960

			$	5,007,886

Food & Staples Retailing — 3.8%
Costco Wholesale Corp.		15,000	$	1,591,650
Wal-Mart Stores, Inc.		22,950		1,717,348
Walgreen Co.		55,400		2,641,472

			$	5,950,470

Food Products — 4.8%
Green Mountain Coffee Roasters, Inc. ⁽¹⁾		52,897	$	3,002,434
Hershey Co. (The)		11,053		967,469
Mead Johnson Nutrition Co.		16,255		1,258,950
Mondelez International, Inc., Class A		73,100		2,237,591

			$	7,466,444

Health Care Equipment & Supplies — 4.2%
Abbott Laboratories		65,925	$	2,328,471
Covidien PLC		34,405		2,334,035
Stryker Corp.		28,500		1,859,340

			$	6,521,846

Hotels, Restaurants & Leisure — 2.8%
Marriott International, Inc., Class A		40,879	$	1,726,320
Starbucks Corp.		45,963		2,618,053

			$	4,344,373


Security	Shares		Value
Household Products — 0.7%
Colgate-Palmolive Co.		9,908	$	1,169,441

			$	1,169,441

Industrial Conglomerates — 1.2%
3M Co.		17,702	$	1,881,900

			$	1,881,900

Internet & Catalog Retail — 4.3%
Amazon.com, Inc. ⁽¹⁾		16,401	$	4,370,702
priceline.com, Inc. ⁽¹⁾		3,475		2,390,557

			$	6,761,259

Internet Software & Services — 6.5%
eBay, Inc. ⁽¹⁾		35,452	$	1,922,208
Facebook, Inc., Class A ⁽¹⁾		63,018		1,612,000
Google, Inc., Class A ⁽¹⁾		8,474		6,728,610

			$	10,262,818

IT Services — 3.9%
Cognizant Technology Solutions Corp., Class A ⁽¹⁾		25,500	$	1,953,555
Teradata Corp. ⁽¹⁾		28,167		1,648,051
Visa, Inc., Class A		15,172		2,576,813

			$	6,178,419

Leisure Equipment & Products — 0.8%
Polaris Industries, Inc.		14,021	$	1,296,802

			$	1,296,802

Life Sciences Tools & Services — 1.0%
Agilent Technologies, Inc.		36,478	$	1,530,982

			$	1,530,982

Machinery — 2.0%
Caterpillar, Inc.		17,829	$	1,550,588
Deere & Co.		17,816		1,531,820

			$	3,082,408

Media — 2.3%
Viacom, Inc., Class B		16,941	$	1,043,057
Walt Disney Co. (The)		46,553		2,644,211

			$	3,687,268

Oil, Gas & Consumable Fuels — 2.4%
EOG Resources, Inc.		13,721	$	1,757,248
Range Resources Corp.		24,200		1,961,168

			$	3,718,416


Security	Shares		Value
Personal Products — 0.8%
Estee Lauder Cos., Inc. (The), Class A		19,950	$	1,277,399

			$	1,277,399

Pharmaceuticals — 4.3%
Allergan, Inc.		28,306	$	3,159,799
Perrigo Co.		15,500		1,840,315
Roche Holding AG ADR		31,139		1,824,745

			$	6,824,859

Road & Rail — 1.2%
Union Pacific Corp.		13,647	$	1,943,469

			$	1,943,469

Semiconductors & Semiconductor Equipment — 3.7%
Broadcom Corp., Class A		76,550	$	2,653,989
Intel Corp.		57,700		1,260,745
NXP Semiconductors NV ⁽¹⁾		62,277		1,884,502

			$	5,799,236

Software — 4.9%
Intuit, Inc.		31,400	$	2,061,410
Microsoft Corp.		88,019		2,518,224
Oracle Corp.		45,187		1,461,347
VMware, Inc., Class A ⁽¹⁾		20,615		1,626,111

			$	7,667,092

Specialty Retail — 2.9%
Bed Bath & Beyond, Inc. ⁽¹⁾		20,600	$	1,327,052
Home Depot, Inc. (The)		26,019		1,815,606
Urban Outfitters, Inc. ⁽¹⁾		38,446		1,489,398

			$	4,632,056

Textiles, Apparel & Luxury Goods — 1.3%
NIKE, Inc., Class B		35,800	$	2,112,558

			$	2,112,558


Total Common Stocks (identified cost $108,628,598)			$	157,105,778


Short-Term Investments — 0.1%

Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.11% ⁽²⁾	$	90	$	90,197


Total Short-Term Investments (identified cost $90,197)			$	90,197


Total Investments — 99.9% (identified cost $108,718,795)			$	157,195,975


Other Assets, Less Liabilities — 0.1%			$	102,453


Net Assets — 100.0%			$	157,298,428

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.



ADR	-	American Depositary Receipt

(1)	Non-income producing security.

(2)

The Portfolio did not have any open financial instruments at March 31, 2013.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at March 31, 2013, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	108,754,723

Gross unrealized appreciation	$	48,985,316
Gross unrealized depreciation		(544,064	)

Net unrealized appreciation	$	48,441,252

•

Level 1 — quoted prices in active markets for identical investments

•

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

At March 31, 2013, the hierarchy of inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:


Asset Description	Level 1			Level 2		Level 3		Total
Common Stocks	$	157,105,778	*	$	—	$	—	$	157,105,778
Short-Term Investments		—			90,197		—		90,197
Total Investments	$	157,105,778		$	90,197	$	—	$	157,195,975

*	The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

Eaton Vance

Large-Cap Value Fund

March 31, 2013 (Unaudited)

Eaton Vance Large-Cap Value Fund (the Fund), a diversified series of Eaton Vance Special Investment Trust, invests substantially all of its assets in Large-Cap Value Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At March 31, 2013, the value of the Fund’s investment in the Portfolio was $7,601,494,365 and the Fund owned 99.9% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.

Large-Cap Value Portfolio

March 31, 2013

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 97.5%


Security	Shares		Value
Aerospace & Defense — 3.4%
Boeing Co. (The) ⁽¹⁾		950,000	$	81,557,500
Honeywell International, Inc.		1,075,000		81,001,250
United Technologies Corp.		1,000,000		93,430,000

			$	255,988,750

Biotechnology — 1.3%
Gilead Sciences, Inc. ⁽¹⁾⁽²⁾		2,000,000	$	97,860,000

			$	97,860,000

Capital Markets — 3.0%
Ameriprise Financial, Inc.		850,000	$	62,602,500
Goldman Sachs Group, Inc. (The)		750,000		110,362,500
State Street Corp.		900,000		53,181,000

			$	226,146,000

Chemicals — 2.6%
Air Products and Chemicals, Inc.		450,000	$	39,204,000
E.I. du Pont de Nemours & Co. ⁽¹⁾		850,000		41,786,000
LyondellBasell Industries NV, Class A		1,800,000		113,922,000

			$	194,912,000

Commercial Banks — 8.1%
KeyCorp		5,200,000	$	51,792,000
PNC Financial Services Group, Inc.		2,650,000		176,225,000
Regions Financial Corp.		9,600,000		78,624,000
U.S. Bancorp		2,350,000		79,735,500
Wells Fargo & Co.		6,135,000		226,933,650

			$	613,310,150

Computers & Peripherals — 1.0%
EMC Corp. ⁽²⁾		3,150,000	$	75,253,500

			$	75,253,500

Consumer Finance — 2.6%
American Express Co.		1,600,000	$	107,936,000
Discover Financial Services		2,000,000		89,680,000

			$	197,616,000

Diversified Financial Services — 5.7%
Citigroup, Inc.		4,911,000	$	217,262,640
JPMorgan Chase & Co.		4,585,000		217,604,100

			$	434,866,740

Diversified Telecommunication Services — 2.6%
AT&T, Inc.		2,650,000	$	97,228,500
Verizon Communications, Inc.		2,100,000		103,215,000

			$	200,443,500


Security	Shares		Value
Electric Utilities — 3.4%
American Electric Power Co., Inc.		2,650,000	$	128,869,500
NextEra Energy, Inc.		1,675,000		130,114,000

			$	258,983,500

Electrical Equipment — 0.6%
Eaton Corp. PLC ⁽¹⁾		800,000	$	49,000,000

			$	49,000,000

Energy Equipment & Services — 2.0%
National Oilwell Varco, Inc.		1,150,000	$	81,362,500
Schlumberger, Ltd.		1,000,000		74,890,000

			$	156,252,500

Food & Staples Retailing — 2.3%
CVS Caremark Corp.		3,150,000	$	173,218,500

			$	173,218,500

Food Products — 2.7%
Kraft Foods Group, Inc.		825,000	$	42,512,250
Mondelez International, Inc., Class A		2,750,000		84,177,500
Nestle SA		1,075,000		77,802,679

			$	204,492,429

Health Care Equipment & Supplies — 2.0%
Covidien PLC		1,400,000	$	94,976,000
Stryker Corp.		930,000		60,673,200

			$	155,649,200

Health Care Providers & Services — 1.4%
AmerisourceBergen Corp.		1,270,000	$	65,341,500
Humana, Inc.		550,000		38,010,500

			$	103,352,000

Industrial Conglomerates — 2.4%
General Electric Co.		8,000,000	$	184,960,000

			$	184,960,000

Insurance — 4.8%
ACE, Ltd.		1,000,000	$	88,970,000
Aflac, Inc.		1,750,000		91,035,000
Travelers Companies, Inc. (The) ⁽¹⁾		1,700,000		143,123,000
XL Group PLC		1,500,000		45,450,000

			$	368,578,000

Internet Software & Services — 0.8%
Google, Inc., Class A ⁽²⁾		80,000	$	63,522,400

			$	63,522,400


Security	Shares		Value
IT Services — 1.4%
International Business Machines Corp.		500,000	$	106,650,000

			$	106,650,000

Life Sciences Tools & Services — 1.1%
Thermo Fisher Scientific, Inc.		1,100,000	$	84,139,000

			$	84,139,000

Machinery — 1.5%
Caterpillar, Inc.		750,000	$	65,227,500
Deere & Co. ⁽¹⁾		600,000		51,588,000

			$	116,815,500

Media — 4.4%
Comcast Corp., Class A		4,000,000	$	168,040,000
Walt Disney Co. (The)		2,875,000		163,300,000

			$	331,340,000

Metals & Mining — 0.7%
Freeport-McMoRan Copper & Gold, Inc.		1,600,000	$	52,960,000

			$	52,960,000

Multi-Utilities — 1.8%
Sempra Energy		1,750,000	$	139,895,000

			$	139,895,000

Multiline Retail — 2.1%
Macy’s, Inc.		2,000,000	$	83,680,000
Target Corp.		1,150,000		78,717,500

			$	162,397,500

Oil, Gas & Consumable Fuels — 14.5%
Anadarko Petroleum Corp.		1,000,000	$	87,450,000
Chevron Corp.		1,885,000		223,975,700
ConocoPhillips		2,325,000		139,732,500
EOG Resources, Inc.		625,000		80,043,750
Exxon Mobil Corp.		1,725,000		155,439,750
Marathon Oil Corp.		2,800,000		94,416,000
Occidental Petroleum Corp.		2,100,000		164,577,000
Phillips 66		2,250,000		157,432,500

			$	1,103,067,200

Pharmaceuticals — 8.1%
Merck & Co., Inc.		3,950,000	$	174,708,500
Pfizer, Inc.		7,925,000		228,715,500
Roche Holding AG PC		500,000		116,561,495
Sanofi		975,000		99,435,697

			$	619,421,192

Real Estate Investment Trusts (REITs) — 2.7%
AvalonBay Communities, Inc.		675,000	$	85,502,250
Boston Properties, Inc.		550,000		55,583,000
Public Storage, Inc.		400,000		60,928,000

			$	202,013,250


Security	Shares		Value
Road & Rail — 1.9%
Union Pacific Corp.		1,000,000	$	142,410,000

			$	142,410,000

Software — 3.0%
Microsoft Corp.		4,050,000	$	115,870,500
Oracle Corp.		3,450,000		111,573,000

			$	227,443,500

Specialty Retail — 0.6%
Lowe’s Companies, Inc.		1,150,000	$	43,608,000

			$	43,608,000

Textiles, Apparel & Luxury Goods — 0.5%
Coach, Inc.		775,000	$	38,742,250

			$	38,742,250

Tobacco — 0.5%
Philip Morris International, Inc.		425,000	$	39,401,750

			$	39,401,750


Total Common Stocks (identified cost $5,367,102,038)			$	7,424,709,311


Short-Term Investments — 1.2%

Description	Interest (000’s omitted)		Value
Eaton Vance Cash Collateral Fund, LLC, 0.09% ⁽³⁾⁽⁴⁾	$	16,179	$	16,179,403
Eaton Vance Cash Reserves Fund, LLC, 0.11% ⁽⁴⁾		72,596		72,595,654


Total Short-Term Investments (identified cost $88,775,057)			$	88,775,057


Total Investments — 98.7% (identified cost $5,455,877,095)			$	7,513,484,368


Other Assets, Less Liabilities — 1.3%			$	98,176,390


Net Assets — 100.0%			$	7,611,660,758

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.



PC	-	Participation Certificate

(1)	All or a portion of this security was on loan at March 31, 2013.

(2)	Non-income producing security.

(3)

The amount invested in Eaton Vance Cash Collateral Fund, LLC represents cash collateral received for securities on loan at March 31, 2013. Other Assets, Less Liabilities includes an equal and offsetting liability of the Portfolio to repay collateral amounts upon the return of loaned securities. At March 31, 2013, the Portfolio loaned securities having a market value of $16,049,015 and received $16,179,403 of cash collateral for the loans.

(4)

Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of March 31, 2013. Income earned from investments in Eaton Vance Cash Collateral Fund, LLC (excluding loan rebate fees) and net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended March 31, 2013 were $4,456 and $50,612, respectively.

The Portfolio did not have any open financial instruments at March 31, 2013.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at March 31, 2013, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	5,500,621,221

Gross unrealized appreciation	$	2,026,140,773
Gross unrealized depreciation		(13,277,626	)

Net unrealized appreciation	$	2,012,863,147

•

Level 1 — quoted prices in active markets for identical investments

•

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

At March 31, 2013, the hierarchy of inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:


Asset Description	Level 1		Level 2			Level 3		Total
Common Stocks
Consumer Discretionary	$	576,087,750	$	—		$	—	$	576,087,750
Consumer Staples		339,310,000		77,802,679			—		417,112,679
Energy		1,259,319,700		—			—		1,259,319,700
Financials		2,042,530,140		—			—		2,042,530,140
Health Care		844,424,200		215,997,192			—		1,060,421,392
Industrials		749,174,250		—			—		749,174,250
Information Technology		472,869,400		—			—		472,869,400
Materials		247,872,000		—			—		247,872,000
Telecommunication Services		200,443,500		—			—		200,443,500
Utilities		398,878,500		—			—		398,878,500
Total Common Stocks	$	7,130,909,440	$	293,799,871	*	$	—	$	7,424,709,311
Short-Term Investments	$	—	$	88,775,057		$	—	$	88,775,057
Total Investments	$	7,130,909,440	$	382,574,928		$	—	$	7,513,484,368

*	Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

Par ametric Absolute Return Fund

March 31, 2013

PORTFOLIO OF INVESTMENTS (Unaudited)

Corporate Bonds & Notes — 24.4%


Security	Principal Amount (000’s omitted)		Value
Agriculture — 0.4%
Philip Morris International, Inc., 4.875%, 5/16/13	$	300	$	301,677

			$	301,677

Auto Manufacturers — 1.0%
Daimler Finance North America, LLC, 1.25%, 1/11/16 ⁽¹⁾	$	300	$	301,257
Volkswagen International Finance N.V., 1.15%, 11/20/15 ⁽¹⁾		350		351,593

			$	652,850

Banks — 11.8%
American Express Centurion Bank, 0.875%, 11/13/15	$	250	$	250,348
American Express Co., MTN, 1.903%, 6/19/13 ⁽²⁾		100		100,350
Bank of America Corp., MTN, 1.722%, 1/30/14 ⁽²⁾		250		252,234
Bank of Montreal, 2.125%, 6/28/13		250		251,133
Bank of Montreal, MTN, 0.80%, 11/6/15		250		249,802
Bank of New York Mellon Corp. (The), 0.70%, 10/23/15		250		250,484
Bank of Nova Scotia, 0.75%, 10/9/15		250		250,056
Barclays Bank PLC, 2.375%, 1/13/14		250		253,396
BB&T Corp., MTN, 3.375%, 9/25/13		150		152,205
BlackRock, Inc., 0.588%, 5/24/13 ⁽²⁾		200		200,072
Capital One Financial Corp., 1.00%, 11/6/15		125		124,519
Citigroup, Inc., 5.85%, 7/2/13		100		101,296
Citigroup, Inc., 1.25%, 1/15/16		250		249,889
Credit Suisse USA, Inc., 0.555%, 4/12/13 ⁽²⁾		270		270,030
Credit Suisse USA, Inc., 2.20%, 1/14/14		200		202,711
Fifth Third Bank, 0.40%, 5/17/13 ⁽²⁾		400		400,006
Goldman Sachs Group, Inc., 0.884%, 9/29/14 ⁽²⁾		255		255,094
Goldman Sachs Group, Inc., 1.296%, 2/7/14 ⁽²⁾		125		125,636
HSBC Finance Corp., 0.554%, 1/15/14 ⁽²⁾		260		259,756
JPMorgan Chase & Co. MTN, 1.034%, 9/30/13 ⁽²⁾		150		150,537
JPMorgan Chase & Co. MTN, 1.10%, 10/15/15		250		250,511
JPMorgan Chase & Co. MTN, 1.102%, 1/24/14 ⁽²⁾		200		201,239
Morgan Stanley, 1.281%, 4/29/13 ⁽²⁾		325		325,180
Morgan Stanley, MTN, 0.605%, 1/9/14 ⁽²⁾		225		224,526
PNC Bank NA, 0.80%, 1/28/16		250		250,166
Royal Bank of Canada, 1.125%, 1/15/14		250		251,620
Royal Bank of Canada, MTN, 0.80%, 10/30/15		250		250,503
State Street Corp., 0.48%, 12/8/15 ⁽²⁾		200		198,547
State Street Corp., 0.631%, 3/7/14 ⁽²⁾		150		150,390
Toronto Dominion Bank, MTN, 0.481%, 7/26/13 ⁽²⁾		400		400,314
US Bank NA, 0.585%, 10/14/14 ⁽²⁾		125		125,316
US Bank NA, 4.95%, 10/30/14		150		159,867
US Bank NA, MTN, 1.375%, 9/13/13		150		150,544
Wachovia Corp., 0.678%, 11/3/14 ⁽²⁾		200		200,207
Westpac Banking Corp., 0.95%, 1/12/16		300		301,347

			$	7,789,831

Beverages — 2.1%
Anheuser-Busch InBev Finance, Inc., 0.80%, 1/15/16	$	350	$	350,519


Security	Principal Amount (000’s omitted)		Value
Anheuser-Busch InBev Worldwide, Inc., 0.665%, 7/14/14 ⁽²⁾	$	55	$	55,256
Coca-Cola Refreshments USA, Inc., 0.75%, 3/13/15		350		351,955
Coca-Cola Refreshments USA, Inc., 1.125%, 11/12/13		360		361,648
PepsiCo, Inc., 0.70%, 8/13/15		250		250,521

			$	1,369,899

Business Equipment and Services — 0.4%
eBay, Inc., 0.875%, 10/15/13	$	300	$	300,949

			$	300,949

Computers — 0.6%
IBM Corp., 0.55%, 2/6/15	$	400	$	400,799

			$	400,799

Diversified Manufacturing — 0.5%
Procter & Gamble Co., 0.216%, 2/6/14 ⁽²⁾	$	350	$	349,957

			$	349,957

Drugs — 0.9%
Johnson & Johnson, 0.38%, 5/15/14 ⁽²⁾	$	580	$	581,117

			$	581,117

Electric — 1.2%
Florida Power Corp., 0.65%, 11/15/15	$	275	$	275,206
Georgia Power Co., 0.625%, 11/15/15		250		250,026
NextEra Energy Capital Holdings, Inc., 1.20%, 6/1/15		250		252,025

			$	777,257

Financial Services — 2.6%
Caterpillar Financial Services Corp., 0.70%, 11/6/15	$	250	$	250,378
Caterpillar Financial Services Corp., MTN, 6.20%, 9/30/13		250		257,013
Charles Schwab Corp. (The), 0.85%, 12/4/15		250		251,182
General Electric Capital Corp., MTN, 1.00%, 1/8/16		325		325,388
John Deere Capital Corp., 0.70%, 9/4/15		250		250,473
Toyota Motor Credit Corp., 0.875%, 7/17/15		350		352,416

			$	1,686,850

Foods — 0.4%
Unilever Capital Corp., 0.45%, 7/30/15	$	250	$	249,419

			$	249,419

Insurance — 1.2%
Berkshire Hathaway Financial Corp., 5.00%, 8/15/13	$	300	$	305,237
MetLife, Inc., 1.546%, 8/6/13 ⁽²⁾		325		326,377
Prudential Financial, Inc., MTN, 4.50%, 7/15/13		150		151,724

			$	783,338

Media — 0.4%
Walt Disney Co. (The), MTN, 0.45%, 12/1/15	$	250	$	249,927

			$	249,927

Oil & Gas — 0.4%
Shell International Finance B.V., 4.00%, 3/21/14	$	250	$	258,763

			$	258,763

Retail — 0.3%
Walgreen Co., 4.875%, 8/1/13	$	220	$	223,102

			$	223,102

Utilities — 0.2%
Alabama Power Co., 5.80%, 11/15/13	$	114	$	117,676

			$	117,676



Total Corporate Bonds & Notes (identified cost $15,971,820)			$	16,093,411


Commercial Mortgage-Backed Securities — 2.4%

Security	Principal Amount (000’s omitted)		Value
BSCMS, Series 2002-TOP8, Class A2, 4.83%, 8/15/38	$	4	$	4,309
BSCMS, Series 2004-T14, Class A4, 5.20%, 1/12/41		245		251,728
GECMC, Series 2003-C2, Class A4, 5.145%, 7/10/37		96		96,536
GMACC, Series 2004-C1, Class A4, 4.908%, 3/10/38		250		257,848
JPMCC, Series 2003-PM1A, Class A4, 5.326%, 8/12/40 ⁽³⁾		175		176,036
JPMCC, Series 2005-CB11, Class A3, 5.197%, 8/12/37		79		80,717
LB-UBS, Series 2003-C7, Class A4, 4.931%, 9/15/35 ⁽³⁾		211		211,830
LB-UBS, Series 2004-C4, Class A4, 5.513%, 6/15/29 ⁽³⁾		200		210,155
MSC, Series 2003-IQ5, Class A4, 5.01%, 4/15/38		32		32,009
MSC, Series 2004-IQ8, Class A5, 5.11%, 6/15/40 ⁽³⁾		240		249,650


Total Commercial Mortgage-Backed Securities (identified cost $1,597,968)			$	1,570,818


Collateralized Mortgage Obligations — 4.3%

Security	Principal Amount (000’s omitted)		Value
Federal Home Loan Mortgage Corp., Series 2517, Class BH, 5.50%, 10/15/17	$	137	$	145,913
Federal Home Loan Mortgage Corp., Series 2621, Class QG, 5.00%, 8/15/31		98		98,325
Federal Home Loan Mortgage Corp., Series 2649, Class QH, 4.50%, 7/15/18		101		107,734
Federal Home Loan Mortgage Corp., Series 2840, Class OE, 5.00%, 2/15/33		114		118,264
Federal Home Loan Mortgage Corp., Series 2889, Class OG, 5.00%, 5/15/33		301		310,895
Federal Home Loan Mortgage Corp., Series 2971, Class GC, 5.00%, 7/15/18		254		258,865
Federal Home Loan Mortgage Corp., Series 2977, Class PC, 5.00%, 6/15/31		8		7,602
Federal Home Loan Mortgage Corp., Series 3047, Class OB, 5.50%, 12/15/33		74		75,943
Federal Home Loan Mortgage Corp., Series 3549, Class JA, 4.50%, 3/15/36		169		170,024
Federal National Mortgage Association, Series 2004-81, Class KD, 4.50%, 7/25/18		125		126,582
Federal National Mortgage Association, Series 2005-84, Class YG, 5.00%, 9/25/35		109		111,811
Federal National Mortgage Association, Series 2010-9, Class A, 4.00%, 11/25/23		91		93,542
Federal National Mortgage Association, Series 2010-155, Class A, 3.50%, 9/25/25		354		367,808
Federal National Mortgage Association, Series 2011-66, Class AB, 4.00%, 11/25/39		142		144,311
Federal National Mortgage Association, Series 2011-76, Class PB, 2.50%, 4/25/39		166		169,991
Government National Mortgage Association, Series 2008-17, Class EH, 5.25%, 1/16/32		186		189,363
Government National Mortgage Association, Series 2009-93, Class EJ, 3.50%, 5/20/35		156		159,286
Government National Mortgage Association, Series 2009-122, Class MT, 2.25%, 10/20/32		155		157,213


Total Collateralized Mortgage Obligations (identified cost $2,825,522)			$	2,813,472


Asset-Backed Securities — 0.4%

Security	Principal Amount (000’s omitted)		Value
CARMX, Series 2013-1, Class A3, 0.60%, 10/16/17	$	140	$	139,884


Security	Principal Amount (000’s omitted)		Value
FORDO, Series 2012-D, Class A1, 0.22%, 12/15/13 ⁽¹⁾	$	44	$	44,243
HAROT, Series 2011-3, Class A2, 0.67%, 4/21/14		68		67,762
NAROT, Series 2012-B, Class A1, 0.263%, 8/15/13		25		25,066


Total Asset-Backed Securities (identified cost $277,028)			$	276,955


U.S. Government Agency Obligations — 21.7%

Security	Principal Amount (000’s omitted)		Value
Federal Farm Credit Bank, 0.21%, 3/26/14 ⁽²⁾	$	1,250	$	1,250,801
Federal Farm Credit Bank, 0.30%, 7/29/13 ⁽²⁾		1,000		1,000,590
Federal Home Loan Bank, 0.30%, 1/23/14		750		750,772
Federal Home Loan Mortgage Corp., 0.30%, 3/21/14		1,250		1,252,166
Federal Home Loan Mortgage Corp., 0.35%, 11/26/14		1,500		1,500,561
Federal Home Loan Mortgage Corp., 0.375%, 11/27/13		2,500		2,503,798
Federal Home Loan Mortgage Corp., 1.00%, 7/30/14		1,000		1,010,861
Federal National Mortgage Association, 0.40%, 1/27/15 ⁽²⁾		5,000		5,019,815


Total U.S. Government Agency Obligations (identified cost $14,274,722)			$	14,289,364


U.S. Treasury Obligations — 46.5%

Security	Principal Amount (000’s omitted)		Value
U.S. Treasury Note, 0.125%, 8/31/13	$	4,000	$	4,000,624
U.S. Treasury Note, 0.125%, 7/31/14		2,500		2,497,755
U.S. Treasury Note, 0.25%, 3/31/14		1,000		1,000,899
U.S. Treasury Note, 0.25%, 4/30/14		5,000		5,004,495
U.S. Treasury Note, 0.25%, 8/15/15		1,500		1,498,594
U.S. Treasury Note, 0.25%, 12/15/15		500		499,024
U.S. Treasury Note, 0.50%, 5/31/13		1,500		1,501,348
U.S. Treasury Note, 0.50%, 11/15/13		5,000		5,012,305
U.S. Treasury Note, 0.75%, 6/15/14		4,500		4,530,762
U.S. Treasury Note, 1.75%, 1/31/14		5,000		5,067,190


Total U.S. Treasury Obligations (identified cost $30,631,617)			$	30,612,996


Call Options Purchased — 0.0% ⁽⁴⁾
Description	Number of Contracts		Strike Price		Expiration Date		Value
S&P 500 Index		72	$	1,650		4/5/13	$	540
S&P 500 Index		70		1,660		4/12/13		875
S&P 500 Index		70		1,660		4/20/13		1,050
S&P 500 Index		70		1,670		4/26/13		1,400
S&P 500 Index FLEX		71		1,645		4/1/13		0
S&P 500 Index FLEX		72		1,647		4/3/13		1
S&P 500 Index FLEX		72		1,657		4/9/13		32
S&P 500 Index FLEX		72		1,657		4/10/13		52


Description	Number of Contracts		Strike Price		Expiration Date		Value
S&P 500 Index FLEX		71	$	1,662		4/15/13	$	192
S&P 500 Index FLEX		72		1,657		4/17/13		462
S&P 500 Index FLEX		71		1,657		4/22/13		1,113
S&P 500 Index FLEX		71		1,667		4/24/13		846


Total Call Options Purchased (identified cost $21,801)							$	6,563


Put Options Purchased — 0.0% ⁽⁴⁾

Description	Number of Contracts		Strike Price		Expiration Date		Value
S&P 500 Index		72	$	1,410		4/5/13	$	900
S&P 500 Index		70		1,425		4/12/13		3,850
S&P 500 Index		70		1,415		4/20/13		4,200
S&P 500 Index		70		1,425		4/26/13		11,200
S&P 500 Index FLEX		71		1,405		4/1/13		0
S&P 500 Index FLEX		72		1,403		4/3/13		1
S&P 500 Index FLEX		72		1,418		4/9/13		230
S&P 500 Index FLEX		72		1,418		4/10/13		340
S&P 500 Index FLEX		71		1,413		4/15/13		1,170
S&P 500 Index FLEX		72		1,413		4/17/13		1,776
S&P 500 Index FLEX		71		1,403		4/22/13		2,975
S&P 500 Index FLEX		71		1,413		4/24/13		4,846


Total Put Options Purchased (identified cost $113,724)							$	31,488


Short-Term Investments — 0.4%
Description					Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.11% ⁽⁵⁾					$	256	$	255,614


Total Short-Term Investments (identified cost $255,614)							$	255,614


Total Investments — 100.1% (identified cost $65,969,816)							$	65,950,681


Call Options Written — (0.9)%

Description	Number of Contracts		Strike Price		Expiration Date		Value
S&P 500 Index		72	$	1,575		4/5/13	$	(35,280	)
S&P 500 Index		70		1,585		4/12/13		(31,850	)
S&P 500 Index		70		1,585		4/20/13		(49,700	)
S&P 500 Index		70		1,595		4/26/13		(41,650	)
S&P 500 Index FLEX		71		1,570		4/1/13		(41,805	)
S&P 500 Index FLEX		72		1,570		4/3/13		(52,360	)
S&P 500 Index FLEX		72		1,580		4/9/13		(46,874	)
S&P 500 Index FLEX		72		1,580		4/10/13		(50,391	)
S&P 500 Index FLEX		71		1,585		4/15/13		(51,206	)
S&P 500 Index FLEX		72		1,580		4/17/13		(71,603	)
S&P 500 Index FLEX		71		1,580		4/22/13		(83,462	)



Description	Number of Contracts		Strike Price		Expiration Date		Value
S&P 500 Index FLEX		71	$	1,590		4/24/13	$	(59,657	)


Total Call Options Written (premiums received $474,021)							$	(615,838	)


Put Options Written — (0.3)%

Description	Number of Contracts		Strike Price		Expiration Date		Value
S&P 500 Index		72	$	1,485		4/5/13	$	(4,140	)
S&P 500 Index		70		1,500		4/12/13		(14,000	)
S&P 500 Index		70		1,490		4/20/13		(19,425	)
S&P 500 Index		70		1,500		4/26/13		(35,000	)
S&P 500 Index FLEX		71		1,480		4/1/13		(23	)
S&P 500 Index FLEX		72		1,480		4/3/13		(245	)
S&P 500 Index FLEX		72		1,495		4/9/13		(5,713	)
S&P 500 Index FLEX		72		1,495		4/10/13		(6,929	)
S&P 500 Index FLEX		71		1,490		4/15/13		(12,106	)
S&P 500 Index FLEX		72		1,490		4/17/13		(15,179	)
S&P 500 Index FLEX		71		1,480		4/22/13		(18,257	)
S&P 500 Index FLEX		71		1,490		4/24/13		(26,002	)


Total Put Options Written (premiums received $419,191)							$	(157,019	)


Other Assets, Less Liabilities — 1.1%							$	728,232


Net Assets — 100.0%							$	65,906,056

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.



BSCMS	-	Bear Stearns Commercial Mortgage Securities Trust

CARMX	-	CarMax Auto Owner Trust

FLEX	-	FLexible EXchange traded option, representing a customized option contract with negotiated contract terms.

FORDO	-	Ford Credit Auto Owner Trust

GECMC	-	General Electric Commercial Mortgage Corp.

GMACC	-	GMAC Commercial Mortgage Securities, Inc.

HAROT	-	Honda Auto Receivables Owner Trust

JPMCC	-	JPMorgan Chase Commercial Mortgage Securities Trust

LB-UBS	-	LB-UBS Commercial Mortgage Trust

MSC	-	Morgan Stanley Capital I Trust

MTN	-	Medium-Term Note

NAROT	-	Nissan Auto Receivables Owner Trust

(1)

(2)	Variable rate security. The stated interest rate represents the rate in effect at March 31, 2013.

(3)	Weighted average fixed-rate coupon that changes/updates monthly.

(4)	Amount is less than 0.05%.

(5)

The cost and unrealized appreciation (depreciation) of investments of the Fund at March 31, 2013, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	65,924,725

Gross unrealized appreciation	$	318,626
Gross unrealized depreciation		(292,670	)

Net unrealized appreciation	$	25,956

Written options activity for the fiscal year to date ended March 31, 2013 was as follows:


	Number of Contracts			Premiums Received
Outstanding, beginning of period		1,606		$	1,134,430
Options written		5,364			2,841,838
Options exercised		(2,016	)		(1,262,144	)
Options expired		(3,246	)		(1,820,912	)

Outstanding, end of period		1,708		$	893,212

At March 31, 2013, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

The Fund is subject to equity price risk in the normal course of pursuing its investment objective. The Fund enters into a series of S&P 500 written call and put option spread transactions to enhance return while limiting any potential loss. A written call option spread on a stock index consists of selling call options on the index and buying an equal number of call options on the same index and with the same expiration, but with a higher exercise price. A written put option spread on a stock index consists of selling put options on an index and buying an equal number of put options on the same index and with the same expiration, but with a lower exercise price. Any net premiums received are reduced by the premiums paid on the purchased options. The risk of loss if written options expire in the money is limited to the difference in exercise price of the written and purchased option positions. The Fund’s use of option spreads rather than stand alone options, staggering roll dates across the option position portfolio, and utilizing exchange-traded options guaranteed by the Options Clearing Corporation, a market clearinghouse, serve to mitigate risk in its option strategy.

At March 31, 2013, the aggregate fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in an asset position and in a liability position and whose primary underlying risk exposure is equity price risk was $38,051 and $772,857, respectively.

•

Level 1 — quoted prices in active markets for identical investments

•

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

At March 31, 2013, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at value, were as follows:


Asset Description	Level 1			Level 2			Level 3		Total
Corporate Bonds & Notes	$	—		$	16,093,411		$	—	$	16,093,411
Commercial Mortgage-Backed Securities		—			1,570,818			—		1,570,818
Collateralized Mortgage Obligations		—			2,813,472			—		2,813,472
Asset-Backed Securities		—			276,955			—		276,955
U.S. Government Agency Obligations		—			14,289,364			—		14,289,364
U.S. Treasury Obligations		—			30,612,996			—		30,612,996
Call Options Purchased		3,865			2,698			—		6,563
Put Options Purchased		20,150			11,338			—		31,488
Short-Term Investments		—			255,614			—		255,614
Total Investments	$	24,015		$	65,926,666		$	—	$	65,950,681

Liability Description
Call Options Written	$	(158,480	)	$	(457,358	)	$	—	$	(615,838	)
Put Options Written		(72,565	)		(84,454	)		—		(157,019	)
Total	$	(231,045	)	$	(541,812	)	$	—	$	(772,857	)

Effective March 1, 2013, the name of the Fund was changed from Eaton Vance Parametric Option Absolute Return Strategy Fund to Parametric Absolute Return Fund.

Eaton Vance

Real Estate Fund

March 31, 2013

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 98.7%


Security	Shares		Value
Hotels, Restaurants & Leisure — 4.2%
Marriott International, Inc., Class A		12,700	$	536,321
McDonald’s Corp.		4,700		468,543
Starwood Hotels & Resorts Worldwide, Inc.		6,900		439,737

			$	1,444,601

Other — 0.8%
CB Richard Ellis Group, Inc., Class A ⁽¹⁾		5,900	$	148,975
Jones Lang LaSalle, Inc.		1,400		139,174

			$	288,149


Real Estate Investment Trusts — 93.7%

Security	Shares		Value
Diversified, Specialty & Other — 9.2%
American Tower Corp.		5,400	$	415,368
Digital Realty Trust, Inc.		2,600		173,966
Liberty Property Trust, Inc.		8,800		349,800
Plum Creek Timber Co., Inc.		9,100		475,020
PS Business Parks, Inc.		9,200		726,064
Vornado Realty Trust		12,300		1,028,772

			$	3,168,990

Health Care — 9.7%
HCP, Inc.		17,700	$	882,522
Health Care REIT, Inc.		15,900		1,079,769
Ventas, Inc.		18,600		1,361,520

			$	3,323,811

Hotels & Resorts — 3.4%
DiamondRock Hospitality Co.		9,400	$	87,514
Hersha Hospitality Trust		35,200		205,568
Host Hotels & Resorts, Inc.		33,300		582,417
LaSalle Hotel Properties		6,400		162,432
Sunstone Hotel Investors, Inc. ⁽¹⁾		11,500		141,565

			$	1,179,496

Industrial — 5.5%
DCT Industrial Trust, Inc.		41,000	$	303,400
EastGroup Properties, Inc.		11,100		646,020
ProLogis, Inc.		23,800		951,524

			$	1,900,944

Malls and Factory Outlets — 16.6%
General Growth Properties, Inc.		20,700	$	411,516
Macerich Co. (The)		3,600		231,768
Simon Property Group, Inc.		23,500		3,726,160
Tanger Factory Outlet Centers		13,200		477,576
Taubman Centers, Inc.		11,100		862,026

			$	5,709,046

Multifamily — 21.0%
American Campus Communities, Inc.		19,400	$	879,596
AvalonBay Communities, Inc.		16,100		2,039,387
Camden Property Trust		4,000		274,720
Equity Residential		37,500		2,064,750
Essex Property Trust, Inc.		3,700		557,146


Security	Shares		Value
Mid-America Apartment Communities, Inc.		8,300	$	573,198
Post Properties, Inc.		5,300		249,630
UDR, Inc.		25,300		612,007

			$	7,250,434

Office — 12.0%
Alexandria Real Estate Equities, Inc.		5,200	$	369,096
Boston Properties, Inc.		17,100		1,728,126
Brandywine Realty Trust		11,000		163,350
Corporate Office Properties Trust		6,600		176,088
Douglas Emmett, Inc.		25,000		623,250
Highwoods Properties, Inc.		17,000		672,690
Kilroy Realty Corp.		7,700		403,480

			$	4,136,080

Self Storage — 7.8%
Extra Space Storage, Inc.		10,200	$	400,554
Public Storage, Inc.		14,900		2,269,568

			$	2,670,122

Strip Centers — 8.5%
Acadia Realty Trust		9,400	$	261,038
DDR Corp.		35,600		620,152
Federal Realty Investment Trust		10,000		1,080,400
Regency Centers Corp.		10,200		539,682
Retail Opportunity Investments Corp.		12,700		177,927
Urstadt Biddle Properties, Inc.		11,100		241,536

			$	2,920,735

Total Real Estate Investment Trusts			$	32,259,658

Total Common Stocks (identified cost $29,198,408)			$	33,992,408


Short-Term Investments — 1.0%

Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.11% ⁽²⁾	$	349	$	349,358


Total Short-Term Investments (identified cost $349,358)			$	349,358


Total Investments — 99.7% (identified cost $29,547,766)			$	34,341,766


Other Assets, Less Liabilities — 0.3%			$	108,071


Net Assets — 100.0%			$	34,449,837

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

(1)	Non-income producing security.

(2)

The Fund did not have any open financial instruments at March 31, 2013.

The cost and unrealized appreciation (depreciation) of investments of the Fund at March 31, 2013, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	29,707,235

Gross unrealized appreciation	$	4,743,435
Gross unrealized depreciation		(108,904	)

Net unrealized appreciation	$	4,634,531

•

Level 1 — quoted prices in active markets for identical investments

•

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

At March 31, 2013, the hierarchy of inputs used in valuing the Fund’s investments, which are carried at value, were as follows:


Asset Description	Level 1			Level 2		Level 3		Total
Common Stocks	$	33,992,408	*	$	—	$	—	$	33,992,408
Short-Term Investments		—			349,358		—		349,358
Total Investments	$	33,992,408		$	349,358	$	—	$	34,341,766

*	The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

Eaton Vance

Small-Cap Fund

March 31, 2013

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 95.7%


Security	Shares		Value
Aerospace & Defense — 0.6%
Aerovironment, Inc. ⁽¹⁾		65,440	$	1,186,427

			$	1,186,427

Auto Components — 2.1%
Dana Holding Corp.		224,630	$	4,005,153

			$	4,005,153

Building Products — 1.9%
Armstrong World Industries, Inc.		66,660	$	3,725,627

			$	3,725,627

Capital Markets — 4.5%
HFF, Inc., Class A		179,280	$	3,573,051
Lazard, Ltd., Class A		106,240		3,625,971
Walter Investment Management Corp. ⁽¹⁾		42,105		1,568,411

			$	8,767,433

Chemicals — 4.4%
Balchem Corp.		105,490	$	4,635,231
Cytec Industries, Inc.		52,440		3,884,755

			$	8,519,986

Commercial Banks — 3.0%
Signature Bank ⁽¹⁾		44,840	$	3,531,598
Texas Capital Bancshares, Inc. ⁽¹⁾		57,150		2,311,718

			$	5,843,316

Commercial Services & Supplies — 3.7%
Clean Harbors, Inc. ⁽¹⁾		54,580	$	3,170,552
Team, Inc. ⁽¹⁾		94,901		3,897,584

			$	7,068,136

Construction & Engineering — 2.5%
Foster Wheeler AG ⁽¹⁾		21,810	$	498,358
MYR Group, Inc. ⁽¹⁾		175,050		4,299,228

			$	4,797,586

Electrical Equipment — 1.6%
Generac Holdings, Inc.		86,280	$	3,049,135

			$	3,049,135

Electronic Equipment, Instruments & Components — 7.0%
FEI Co.		62,860	$	4,057,613
FLIR Systems, Inc.		136,710		3,555,827
InvenSense, Inc. ⁽¹⁾		214,020		2,285,733
National Instruments Corp.		113,205		3,707,464

			$	13,606,637


Security	Shares		Value
Energy Equipment & Services — 1.2%
Hornbeck Offshore Services, Inc. ⁽¹⁾		26,050	$	1,210,283
Superior Energy Services, Inc. ⁽¹⁾		41,170		1,069,185

			$	2,279,468

Food Products — 4.7%
Flowers Foods, Inc.		148,640	$	4,896,201
Hain Celestial Group, Inc. (The) ⁽¹⁾		51,270		3,131,572
Pinnacle Foods, Inc. ⁽¹⁾		47,590		1,056,974

			$	9,084,747

Health Care Equipment & Supplies — 4.0%
Analogic Corp.		56,340	$	4,451,987
Globus Medical, Inc., Class A ⁽¹⁾		34,790		510,717
Integra LifeSciences Holdings Corp. ⁽¹⁾		71,520		2,789,995

			$	7,752,699

Health Care Providers & Services — 2.1%
MEDNAX, Inc. ⁽¹⁾		22,020	$	1,973,653
Team Health Holdings, Inc. ⁽¹⁾		59,220		2,154,423

			$	4,128,076

Hotels, Restaurants & Leisure — 1.8%
Krispy Kreme Doughnuts, Inc. ⁽¹⁾		240,950	$	3,479,318

			$	3,479,318

Household Durables — 1.6%
Ryland Group, Inc. (The)		74,250	$	3,090,285

			$	3,090,285

Household Products — 2.7%
Church & Dwight Co., Inc.		81,390	$	5,260,236

			$	5,260,236

Insurance — 4.2%
Allied World Assurance Co. Holdings, Ltd.		49,150	$	4,557,188
HCC Insurance Holdings, Inc.		86,060		3,617,102

			$	8,174,290

IT Services — 3.6%
Euronet Worldwide, Inc. ⁽¹⁾		161,080	$	4,242,847
Global Cash Access Holdings, Inc. ⁽¹⁾		385,030		2,714,462

			$	6,957,309

Life Sciences Tools & Services — 2.2%
Bruker Corp. ⁽¹⁾		217,850	$	4,160,935

			$	4,160,935

Machinery — 6.8%
Colfax Corp. ⁽¹⁾		87,100	$	4,053,634
RBC Bearings, Inc. ⁽¹⁾		78,990		3,993,734
Valmont Industries, Inc.		31,680		4,982,314

			$	13,029,682

Marine — 2.1%
Kirby Corp. ⁽¹⁾		53,150	$	4,081,920

			$	4,081,920

Media — 0.3%
ReachLocal, Inc. ⁽¹⁾		33,940	$	507,742

			$	507,742


Security	Shares		Value
Oil, Gas & Consumable Fuels — 9.0%
Goodrich Petroleum Corp. ⁽¹⁾		215,940	$	3,379,461
Kodiak Oil & Gas Corp. ⁽¹⁾		382,310		3,475,198
PDC Energy, Inc. ⁽¹⁾		84,460		4,186,682
Western Refining, Inc.		93,020		3,293,838
WPX Energy, Inc. ⁽¹⁾		189,270		3,032,106

			$	17,367,285

Paper & Forest Products — 1.1%
Boise Cascade Co. ⁽¹⁾		60,539	$	2,054,694

			$	2,054,694

Real Estate Investment Trusts (REITs) — 5.3%
American Campus Communities, Inc.		30,270	$	1,372,442
Mid-America Apartment Communities, Inc.		43,240		2,986,155
PS Business Parks, Inc.		55,199		4,356,305
Sovran Self Storage, Inc.		22,160		1,429,098

			$	10,144,000

Semiconductors & Semiconductor Equipment — 4.2%
Cirrus Logic, Inc. ⁽¹⁾		102,360	$	2,328,690
Cypress Semiconductor Corp. ⁽¹⁾		280,830		3,097,555
Monolithic Power Systems, Inc.		106,140		2,586,632

			$	8,012,877

Software — 2.1%
Mentor Graphics Corp.		224,510	$	4,052,406

			$	4,052,406

Specialty Retail — 4.2%
GNC Holdings, Inc., Class A		127,900	$	5,023,912
Group 1 Automotive, Inc.		50,450		3,030,531

			$	8,054,443

Thrifts & Mortgage Finance — 1.2%
ViewPoint Financial Group, Inc.		115,440	$	2,321,498

			$	2,321,498


Total Common Stocks (identified cost $140,460,383)			$	184,563,346


Short-Term Investments — 4.8%

Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.11% ⁽²⁾	$	9,334	$	9,334,478


Total Short-Term Investments (identified cost $9,334,478)			$	9,334,478


Total Investments — 100.5% (identified cost $149,794,861)			$	193,897,824


Other Assets, Less Liabilities — (0.5)%			$	(941,730	)


Net Assets — 100.0%			$	192,956,094

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

(1)	Non-income producing security.

(2)

The Fund did not have any open financial instruments at March 31, 2013.

The cost and unrealized appreciation (depreciation) of investments of the Fund at March 31, 2013, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	150,351,751

Gross unrealized appreciation	$	45,175,965
Gross unrealized depreciation		(1,629,892	)

Net unrealized appreciation	$	43,546,073

•

Level 1 — quoted prices in active markets for identical investments

•

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

At March 31, 2013, the hierarchy of inputs used in valuing the Fund’s investments, which are carried at value, were as follows:


Asset Description	Level 1			Level 2		Level 3		Total
Common Stocks	$	184,563,346	*	$	—	$	—	$	184,563,346
Short-Term Investments		—			9,334,478		—		9,334,478
Total Investments	$	184,563,346		$	9,334,478	$	—	$	193,897,824

*	The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

Eaton Vance

Small-Cap Value Fund

March 31, 2013

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 97.5%


Security	Shares		Value
Airlines — 1.6%
Spirit Airlines, Inc. ⁽¹⁾		21,157	$	536,542

			$	536,542

Auto Components — 1.8%
Dana Holding Corp.		34,810	$	620,662

			$	620,662

Beverages — 1.5%
Cott Corp.		51,070	$	516,828

			$	516,828

Building Products — 2.2%
A.O. Smith Corp.		10,312	$	758,654

			$	758,654

Chemicals — 5.6%
Calgon Carbon Corp. ⁽¹⁾		37,687	$	682,135
Innophos Holdings, Inc.		10,128		552,584
RPM International, Inc.		20,727		654,558

			$	1,889,277

Commercial Banks — 8.9%
Bank of Marin Bancorp		4,380	$	175,594
Cardinal Financial Corp.		20,100		365,418
ConnectOne Bancorp, Inc. ⁽¹⁾		5,560		173,750
Eagle Bancorp, Inc. ⁽¹⁾		14,960		327,475
First Midwest Bancorp, Inc.		36,039		478,598
Prosperity Bancshares, Inc.		17,967		851,456
Umpqua Holdings Corp.		48,358		641,227

			$	3,013,518

Communications Equipment — 2.0%
NETGEAR, Inc. ⁽¹⁾		20,768	$	695,936

			$	695,936

Construction & Engineering — 4.8%
EMCOR Group, Inc.		20,159	$	854,540
MasTec, Inc. ⁽¹⁾		26,484		772,009

			$	1,626,549

Containers & Packaging — 2.1%
AptarGroup, Inc.		12,626	$	724,101

			$	724,101

Electric Utilities — 3.4%
Cleco Corp.		12,351	$	580,868
Portland General Electric Co.		18,403		558,163

			$	1,139,031


Security	Shares		Value
Electrical Equipment — 1.1%
General Cable Corp. ⁽¹⁾		9,921	$	363,406

			$	363,406

Electronic Equipment, Instruments & Components — 1.6%
Itron, Inc. ⁽¹⁾		11,858	$	550,211

			$	550,211

Energy Equipment & Services — 3.1%
Hornbeck Offshore Services, Inc. ⁽¹⁾		17,386	$	807,753
Oil States International, Inc. ⁽¹⁾		3,073		250,665

			$	1,058,418

Food Products — 5.0%
Darling International, Inc. ⁽¹⁾		28,905	$	519,134
J&J Snack Foods Corp.		6,033		463,877
Lancaster Colony Corp.		9,155		704,935

			$	1,687,946

Health Care Equipment & Supplies — 4.8%
Teleflex, Inc.		10,367	$	876,115
West Pharmaceutical Services, Inc.		11,356		737,459

			$	1,613,574

Health Care Providers & Services — 1.6%
Magellan Health Services, Inc. ⁽¹⁾		11,684	$	555,808

			$	555,808

Insurance — 8.2%
Aspen Insurance Holdings, Ltd.		19,485	$	751,731
National Financial Partners Corp. ⁽¹⁾		27,678		620,818
ProAssurance Corp.		7,208		341,155
Protective Life Corp.		12,641		452,548
Tower Group, Inc.		32,884		606,713

			$	2,772,965

IT Services — 3.1%
MAXIMUS, Inc.		13,037	$	1,042,569

			$	1,042,569

Machinery — 7.8%
Barnes Group, Inc.		26,146	$	756,404
Crane Co.		10,632		593,904
EnPro Industries, Inc. ⁽¹⁾		9,919		507,555
Titan International, Inc.		37,118		782,447

			$	2,640,310

Oil, Gas & Consumable Fuels — 3.6%
Stone Energy Corp. ⁽¹⁾		29,175	$	634,556
VAALCO Energy, Inc. ⁽¹⁾		76,230		578,586

			$	1,213,142

Professional Services — 1.0%
Towers Watson & Co., Class A		4,694	$	325,388

			$	325,388

Real Estate Investment Trusts (REITs) — 6.4%
DuPont Fabros Technology, Inc.		25,116	$	609,565
LaSalle Hotel Properties		23,478		595,872
Pebblebrook Hotel Trust		15,289		394,303
PS Business Parks, Inc.		7,352		580,220

			$	2,179,960


Security	Shares		Value
Road & Rail — 2.1%
Old Dominion Freight Line, Inc. ⁽¹⁾		19,046	$	727,557

			$	727,557

Semiconductors & Semiconductor Equipment — 1.2%
OmniVision Technologies, Inc. ⁽¹⁾		30,278	$	417,231

			$	417,231

Specialty Retail — 4.0%
Aeropostale, Inc. ⁽¹⁾		27,559	$	374,802
Children’s Place Retail Stores, Inc. (The) ⁽¹⁾		13,050		584,901
Finish Line, Inc. (The), Class A		19,734		386,589

			$	1,346,292

Textiles, Apparel & Luxury Goods — 4.4%
Hanesbrands, Inc. ⁽¹⁾		17,337	$	789,874
Iconix Brand Group, Inc. ⁽¹⁾		27,374		708,165

			$	1,498,039

Thrifts & Mortgage Finance — 3.6%
Capitol Federal Financial, Inc.		26,910	$	324,803
First Defiance Financial Corp.		8,790		204,983
Oritani Financial Corp.		29,910		463,306
Washington Federal, Inc.		13,768		240,940

			$	1,234,032

Trading Companies & Distributors — 1.0%
CAI International, Inc. ⁽¹⁾		11,890	$	342,670

			$	342,670


Total Common Stocks (identified cost $24,348,231)			$	33,090,616


Short-Term Investments — 2.8%

Description	Principal Amount (000’s omitted)		Value
State Street Bank and Trust Euro Time Deposit, 0.01%, 4/1/13	$	944	$	943,764


Total Short-Term Investments (identified cost $943,764)			$	943,764


Total Investments — 100.3% (identified cost $25,291,995)			$	34,034,380


Other Assets, Less Liabilities — (0.3)%			$	(88,514	)


Net Assets — 100.0%			$	33,945,866

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

(1)	Non-income producing security.

The Fund did not have any open financial instruments at March 31, 2013.

The cost and unrealized appreciation (depreciation) of investments of the Fund at March 31, 2013, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	25,256,194

Gross unrealized appreciation	$	9,031,647
Gross unrealized depreciation		(253,461	)

Net unrealized appreciation	$	8,778,186

•

Level 1 — quoted prices in active markets for identical investments

•

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

At March 31, 2013, the hierarchy of inputs used in valuing the Fund’s investments, which are carried at value, were as follows:


Asset Description	Level 1			Level 2		Level 3		Total
Common Stocks	$	33,090,616	*	$	—	$	—	$	33,090,616
Short-Term Investments		—			943,764		—		943,764
Total Investments	$	33,090,616		$	943,764	$	—	$	34,034,380

*	The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

Eaton Vance

Special Equities Fund

March 31, 2013

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 96.7%


Security	Shares		Value
Auto Components — 1.9%
Dana Holding Corp.		60,410	$	1,077,110

			$	1,077,110

Building Products — 1.9%
Armstrong World Industries, Inc.		18,940	$	1,058,557

			$	1,058,557

Capital Markets — 4.4%
Affiliated Managers Group, Inc. ⁽¹⁾		9,220	$	1,415,915
Lazard, Ltd., Class A		30,670		1,046,767

			$	2,462,682

Chemicals — 3.3%
Cytec Industries, Inc.		13,890	$	1,028,971
FMC Corp.		14,010		798,991

			$	1,827,962

Commercial Banks — 5.7%
First Republic Bank		36,800	$	1,421,216
Signature Bank ⁽¹⁾		13,160		1,036,482
Texas Capital Bancshares, Inc. ⁽¹⁾		17,060		690,077

			$	3,147,775

Commercial Services & Supplies — 1.6%
Clean Harbors, Inc. ⁽¹⁾		15,810	$	918,403

			$	918,403

Computers & Peripherals — 0.9%
NCR Corp. ⁽¹⁾		19,030	$	524,467

			$	524,467

Construction & Engineering — 2.2%
Foster Wheeler AG ⁽¹⁾		6,310	$	144,184
Quanta Services, Inc. ⁽¹⁾		37,290		1,065,748

			$	1,209,932

Containers & Packaging — 1.9%
AptarGroup, Inc.		18,840	$	1,080,474

			$	1,080,474

Electrical Equipment — 3.1%
AMETEK, Inc.		19,685	$	853,542
Generac Holdings, Inc.		24,990		883,146

			$	1,736,688

Electronic Equipment, Instruments & Components — 6.9%
FLIR Systems, Inc.		39,450	$	1,026,094
InvenSense, Inc. ⁽¹⁾		61,810		660,131
National Instruments Corp.		32,390		1,060,772
Trimble Navigation, Ltd. ⁽¹⁾		36,160		1,083,354

			$	3,830,351


Security	Shares		Value
Energy Equipment & Services — 2.2%
Hornbeck Offshore Services, Inc. ⁽¹⁾		7,540	$	350,308
Rowan Cos., PLC ⁽¹⁾		15,420		545,251
Superior Energy Services, Inc. ⁽¹⁾		11,850		307,745

			$	1,203,304

Food Products — 5.3%
Flowers Foods, Inc.		40,090	$	1,320,564
Green Mountain Coffee Roasters, Inc. ⁽¹⁾		7,430		421,727
Hain Celestial Group, Inc. (The) ⁽¹⁾		15,010		916,811
Pinnacle Foods, Inc. ⁽¹⁾		13,760		305,610

			$	2,964,712

Health Care Equipment & Supplies — 1.5%
Integra LifeSciences Holdings Corp. ⁽¹⁾		20,690	$	807,117

			$	807,117

Health Care Providers & Services — 2.1%
MEDNAX, Inc. ⁽¹⁾		6,350	$	569,151
Team Health Holdings, Inc. ⁽¹⁾		16,940		616,277

			$	1,185,428

Hotels, Restaurants & Leisure — 1.8%
Krispy Kreme Doughnuts, Inc. ⁽¹⁾		69,510	$	1,003,724

			$	1,003,724

Household Durables — 1.6%
Ryland Group, Inc. (The)		21,510	$	895,246

			$	895,246

Household Products — 2.7%
Church & Dwight Co., Inc.		23,428	$	1,514,152

			$	1,514,152

Insurance — 3.9%
HCC Insurance Holdings, Inc.		24,490	$	1,029,314
WR Berkley Corp.		26,040		1,155,395

			$	2,184,709

Internet Software & Services — 1.8%
VeriSign, Inc. ⁽¹⁾		21,190	$	1,001,863

			$	1,001,863

IT Services — 2.2%
Teradata Corp. ⁽¹⁾		20,940	$	1,225,199

			$	1,225,199

Leisure Equipment & Products — 1.5%
Polaris Industries, Inc.		9,300	$	860,157

			$	860,157

Life Sciences Tools & Services — 2.0%
Bruker Corp. ⁽¹⁾		59,120	$	1,129,192

			$	1,129,192

Machinery — 6.6%
Colfax Corp. ⁽¹⁾		24,480	$	1,139,299
Pall Corp.		12,580		860,095
RBC Bearings, Inc. ⁽¹⁾		15,840		800,870
Valmont Industries, Inc.		5,510		866,558

			$	3,666,822


Security	Shares		Value
Marine — 2.5%
Kirby Corp. ⁽¹⁾		18,280	$	1,403,904

			$	1,403,904

Multiline Retail — 1.8%
Dollar Tree, Inc. ⁽¹⁾		20,320	$	984,098

			$	984,098

Oil, Gas & Consumable Fuels — 6.2%
Kodiak Oil & Gas Corp. ⁽¹⁾		106,590	$	968,903
PDC Energy, Inc. ⁽¹⁾		21,640		1,072,695
Western Refining, Inc.		26,540		939,782
WPX Energy, Inc. ⁽¹⁾		27,870		446,477

			$	3,427,857

Paper & Forest Products — 1.1%
Boise Cascade Co. ⁽¹⁾		17,545	$	595,477

			$	595,477

Pharmaceuticals — 2.6%
Perrigo Co.		11,970	$	1,421,198

			$	1,421,198

Real Estate Investment Trusts (REITs) — 3.6%
American Campus Communities, Inc.		8,810	$	399,445
Essex Property Trust, Inc.		5,320		801,086
Mid-America Apartment Communities, Inc.		11,820		816,289

			$	2,016,820

Road & Rail — 1.8%
Kansas City Southern		8,920	$	989,228

			$	989,228

Semiconductors & Semiconductor Equipment — 4.2%
Cirrus Logic, Inc. ⁽¹⁾		29,610	$	673,627
Cypress Semiconductor Corp. ⁽¹⁾		81,800		902,254
Monolithic Power Systems, Inc.		31,100		757,907

			$	2,333,788

Specialty Retail — 2.2%
GNC Holdings, Inc., Class A		31,260	$	1,227,893

			$	1,227,893

Textiles, Apparel & Luxury Goods — 1.7%
Hanesbrands, Inc. ⁽¹⁾		21,110	$	961,772

			$	961,772

Total Common Stocks (identified cost $40,782,027)			$	53,878,061

Short-Term Investments — 3.9%



Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.11% ⁽²⁾	$	2,192	$	2,192,189


Total Short-Term Investments (identified cost $2,192,189)			$	2,192,189


	Value
Total Investments — 100.6% (identified cost $42,974,216)	$	56,070,250


Other Assets, Less Liabilities — (0.6)%	$	(342,245	)


Net Assets — 100.0%	$	55,728,005

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

(1)	Non-income producing security.

(2)

The Fund did not have any open financial instruments at March 31, 2013.

The cost and unrealized appreciation (depreciation) of investments of the Fund at March 31, 2013, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	42,945,651

Gross unrealized appreciation	$	13,473,361
Gross unrealized depreciation		(348,762	)

Net unrealized appreciation	$	13,124,599

•

Level 1 — quoted prices in active markets for identical investments

•

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

At March 31, 2013, the hierarchy of inputs used in valuing the Fund’s investments, which are carried at value, were as follows:


Asset Description	Level 1			Level 2		Level 3		Total
Common Stocks	$	53,878,061	*	$	—	$	—	$	53,878,061
Short-Term Investments		—			2,192,189		—		2,192,189
Total Investments	$	53,878,061		$	2,192,189	$	—	$	56,070,250

*	The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this
Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Eaton Vance Special Investment Trust



By:		/s/ Duncan W. Richardson
		Duncan W. Richardson
		President

Date:		May 24, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



By:		/s/ Duncan W. Richardson
		Duncan W. Richardson
		President

Date:		May 24, 2013



By:		/s/ James F. Kirchner
		James F. Kirchner
		Treasurer

Date:		May 24, 2013

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