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Eaton Vance
Tax-Managed Buy-Write Strategy Fund
March 31, 2023
Portfolio of Investments (Unaudited)

Common Stocks — 103.0%
Security Shares Value
Aerospace & Defense — 0.8%
Boeing Co. (The)(1)(2)     1,784 $   378,975
Huntington Ingalls Industries, Inc.(2)       905    187,353
Raytheon Technologies Corp.       840     82,262
Textron, Inc.(2)     1,970    139,141
      $   787,731
Air Freight & Logistics — 0.3%
C.H. Robinson Worldwide, Inc.(2)       711 $    70,652
United Parcel Service, Inc., Class B(2)     1,266    245,591
      $   316,243
Automobile Components — 0.2%
Aptiv PLC(1)(2)     1,489 $   167,051
      $   167,051
Automobiles — 2.4%
General Motors Co.(2)    10,253 $   376,080
Rivian Automotive, Inc., Class A(1)     3,050     47,214
Tesla, Inc.(1)(2)     8,683  1,801,375
      $ 2,224,669
Banks — 1.3%
Citigroup, Inc.(2)     3,521 $   165,100
Citizens Financial Group, Inc.(2)     3,405    103,410
Comerica, Inc.(2)     1,757     76,289
JPMorgan Chase & Co.(2)     3,790    493,875
KeyCorp(2)     5,500     68,860
PNC Financial Services Group, Inc. (The)(2)       610     77,531
Wells Fargo & Co.(2)     3,228    120,662
Zions Bancorp N.A.(2)     3,012     90,149
      $ 1,195,876
Beverages — 2.5%
Coca-Cola Co. (The)(2)       821 $    50,927
PepsiCo, Inc.(2)    12,474  2,274,010
      $ 2,324,937
Biotechnology — 1.9%
AbbVie, Inc.(2)     4,453 $   709,674
Incyte Corp.(1)(2)     1,066      77,040
Security Shares Value
Biotechnology (continued)
Moderna, Inc.(1)(2)       759 $   116,567
Vertex Pharmaceuticals, Inc.(1)(2)     2,825    890,073
      $ 1,793,354
Broadline Retail — 5.3%
Amazon.com, Inc.(1)(2)    41,006 $ 4,235,510
MercadoLibre, Inc.(1)(2)       236    311,062
PDD Holdings, Inc. ADR(1)(2)     4,520    343,068
      $ 4,889,640
Building Products — 0.3%
Fortune Brands Innovations, Inc.(2)     3,560 $   209,079
Masterbrand, Inc. (1)     6,049     48,634
      $   257,713
Capital Markets — 1.9%
Charles Schwab Corp. (The)       930 $    48,713
Goldman Sachs Group, Inc. (The)(2)     2,240    732,726
Intercontinental Exchange, Inc.       954     99,493
MarketAxess Holdings, Inc.       254     99,388
Moody's Corp.(2)       745    227,985
S&P Global, Inc.(2)     1,352    466,129
State Street Corp.       710     53,740
      $ 1,728,174
Chemicals — 0.9%
Linde PLC       825 $   293,238
Sherwin-Williams Co. (The)(2)     2,223    499,664
      $   792,902
Commercial Services & Supplies — 0.7%
Waste Management, Inc.(2)     3,962 $   646,480
      $   646,480
Communications Equipment — 1.4%
Cisco Systems, Inc.(2)    20,146 $ 1,053,132
Motorola Solutions, Inc.(2)       706    202,008
      $ 1,255,140
Construction Materials — 0.3%
Martin Marietta Materials, Inc.(2)       824 $   292,570
      $   292,570
 
1

Eaton Vance
Tax-Managed Buy-Write Strategy Fund
March 31, 2023
Portfolio of Investments (Unaudited) — continued

Security Shares Value
Consumer Finance — 0.4%
Synchrony Financial(2)    13,342 $   387,985
      $   387,985
Consumer Staples Distribution & Retail — 1.9%
Dollar General Corp.(2)       753 $   158,476
Dollar Tree, Inc.(1)(2)       819    117,568
Kroger Co. (The)(2)     2,562    126,486
Target Corp.(2)     2,344    388,237
Walmart, Inc.(2)     6,285    926,723
      $ 1,717,490
Containers & Packaging — 0.6%
Avery Dennison Corp.(2)       902 $   161,395
Packaging Corp. of America(2)     2,800    388,724
      $   550,119
Diversified Telecommunication Services — 0.4%
Verizon Communications, Inc.(2)     8,441 $   328,271
      $   328,271
Electric Utilities — 1.4%
Edison International(2)     3,567 $   251,794
NextEra Energy, Inc.(2)    13,057  1,006,434
NRG Energy, Inc.     1,445     49,549
      $ 1,307,777
Electrical Equipment — 1.2%
Eaton Corp. PLC(2)     6,652 $ 1,139,754
      $ 1,139,754
Energy Equipment & Services — 0.6%
Halliburton Co.(2)    12,111 $   383,192
Helmerich & Payne, Inc.(2)     4,130    147,648
      $   530,840
Entertainment — 1.7%
Netflix, Inc.(1)(2)     3,909 $ 1,350,481
Walt Disney Co. (The)(1)(2)     2,529    253,229
      $ 1,603,710
Financial Services — 2.4%
Berkshire Hathaway, Inc., Class B(1)(2)     1,480 $   456,980
Fidelity National Information Services, Inc.     1,006      54,656
Security Shares Value
Financial Services (continued)
Mastercard, Inc., Class A(2)     1,352 $   491,330
Visa, Inc., Class A(2)     5,223  1,177,578
      $ 2,180,544
Food Products — 1.6%
Campbell Soup Co.(2)     1,585 $    87,143
Conagra Brands, Inc.(2)     2,493     93,637
General Mills, Inc.(2)     7,733    660,862
Hershey Co. (The)(2)       863    219,556
JM Smucker Co. (The)(2)     1,072    168,701
Kellogg Co.(2)     1,286     86,111
McCormick & Co., Inc., Non Voting Shares(2)     1,493    124,232
      $ 1,440,242
Ground Transportation — 1.2%
CSX Corp.(2)    32,967 $   987,032
Norfolk Southern Corp.(2)       790    167,480
      $ 1,154,512
Health Care Equipment & Supplies — 1.7%
Abbott Laboratories(2)     9,384 $   950,224
Medtronic PLC(2)     4,219    340,136
ResMed, Inc.(2)     1,173    256,875
      $ 1,547,235
Health Care Providers & Services — 1.5%
Centene Corp.(1)(2)     3,582 $   226,418
CVS Health Corp.(2)       906     67,325
Quest Diagnostics, Inc.(2)     1,243    175,860
UnitedHealth Group, Inc.(2)     1,922    908,318
      $ 1,377,921
Hotels, Restaurants & Leisure — 1.2%
Airbnb, Inc., Class A(1)(2)       997 $   124,027
Expedia Group, Inc.(1)(2)     1,447    140,403
McDonald's Corp.(2)     2,925    817,859
      $ 1,082,289
Household Durables — 0.7%
D.R. Horton, Inc.(2)     5,136 $   501,736
Garmin, Ltd.(2)     1,245    125,645
Newell Brands, Inc.(2)     3,538     44,013
      $   671,394
 
2

Eaton Vance
Tax-Managed Buy-Write Strategy Fund
March 31, 2023
Portfolio of Investments (Unaudited) — continued

Security Shares Value
Household Products — 1.3%
Procter & Gamble Co. (The)(2)     7,831 $ 1,164,391
      $ 1,164,391
Insurance — 2.0%
American International Group, Inc.(2)     4,746 $   239,009
Lincoln National Corp.(2)    11,270    253,237
Marsh & McLennan Cos., Inc.(2)     2,761    459,845
Travelers Cos., Inc. (The)(2)     4,011    687,525
Unum Group(2)     5,352    211,725
      $ 1,851,341
Interactive Media & Services — 7.9%
Alphabet, Inc., Class A(1)(2)    25,240 $ 2,618,145
Alphabet, Inc., Class C(1)(2)    28,044  2,916,576
Meta Platforms, Inc., Class A(1)(2)     8,267  1,752,108
      $ 7,286,829
IT Services — 1.1%
Accenture PLC, Class A(2)     1,265 $   361,550
EPAM Systems, Inc.(1)(2)       366    109,434
International Business Machines Corp.(2)     4,294    562,900
      $ 1,033,884
Life Sciences Tools & Services — 2.5%
Agilent Technologies, Inc.(2)     6,652 $   920,238
Danaher Corp.(2)     4,612  1,162,408
Thermo Fisher Scientific, Inc.(2)       259    149,280
Waters Corp.(1)       159     49,231
      $ 2,281,157
Machinery — 0.6%
Caterpillar, Inc.(2)       772 $   176,664
Flowserve Corp.(2)     4,274    145,316
Parker-Hannifin Corp.(2)       680    228,555
      $   550,535
Media — 0.7%
Fox Corp., Class A     2,091 $    71,198
Interpublic Group of Cos., Inc. (The)(2)     8,737    325,366
Omnicom Group, Inc.(2)     2,899    273,492
      $   670,056
Metals & Mining — 0.1%
Newmont Corp.     1,570 $    76,961
      $    76,961
Security Shares Value
Multi-Utilities — 1.0%
CMS Energy Corp.(2)     8,180 $   502,088
Sempra Energy(2)     3,081    465,724
      $   967,812
Oil, Gas & Consumable Fuels — 2.2%
Chevron Corp.(2)     3,612 $   589,334
Exxon Mobil Corp.(2)     2,343    256,933
Marathon Oil Corp.(2)    20,484    490,796
Occidental Petroleum Corp.(2)     5,460    340,868
ONEOK, Inc.(2)       987     62,714
Williams Cos., Inc. (The)(2)    11,095    331,297
      $ 2,071,942
Passenger Airlines — 0.4%
Alaska Air Group, Inc.(1)(2)     3,244 $   136,118
United Airlines Holdings, Inc.(1)(2)     5,240    231,870
      $   367,988
Pharmaceuticals — 3.0%
Bristol-Myers Squibb Co.(2)    11,983 $   830,542
Eli Lilly & Co.(2)       360    123,631
Johnson & Johnson(2)     7,202  1,116,310
Merck & Co., Inc.(2)     6,240    663,873
Zoetis, Inc.(2)       490     81,556
      $ 2,815,912
Professional Services — 0.3%
Broadridge Financial Solutions, Inc.(2)     2,010 $   294,606
      $   294,606
Real Estate Management & Development — 0.1%
CBRE Group, Inc., Class A(1)(2)     1,740 $   126,689
      $   126,689
Residential REITs — 0.7%
Mid-America Apartment Communities, Inc.(2)     4,302 $   649,774
      $   649,774
Semiconductors & Semiconductor Equipment — 11.5%
Advanced Micro Devices, Inc.(1)(2)     7,011 $   687,148
Analog Devices, Inc.(2)     5,089  1,003,652
Broadcom, Inc.(2)     1,204    772,414
Enphase Energy, Inc.(1)(2)       320     67,290
Lam Research Corp.(2)     2,334  1,237,300
Micron Technology, Inc.(2)     9,105     549,396
 
3

Eaton Vance
Tax-Managed Buy-Write Strategy Fund
March 31, 2023
Portfolio of Investments (Unaudited) — continued

Security Shares Value
Semiconductors & Semiconductor Equipment (continued)
NVIDIA Corp.(2)    15,021 $ 4,172,383
ON Semiconductor Corp.(1)(2)     1,445    118,952
QUALCOMM, Inc.(2)     9,665  1,233,061
Texas Instruments, Inc.(2)     4,185    778,452
      $10,620,048
Software — 13.8%
Adobe, Inc.(1)(2)     3,492 $ 1,345,712
Ceridian HCM Holding, Inc.(1)(2)     6,811    498,702
DocuSign, Inc.(1)     1,144     66,695
Microsoft Corp.(2)    31,599  9,109,992
Oracle Corp.(2)     6,059    563,002
Paycom Software, Inc.(1)(2)     1,815    551,778
Salesforce, Inc.(1)(2)     2,305    460,493
Zscaler, Inc.(1)(2)     1,919    224,197
      $12,820,571
Specialized REITs — 0.6%
Iron Mountain, Inc.(2)     8,019 $   424,285
Public Storage(2)       545    164,667
      $   588,952
Specialty Retail — 2.1%
Bath & Body Works, Inc.(2)     2,403 $    87,902
Best Buy Co., Inc.(2)     1,823    142,686
Gap, Inc. (The)(2)    10,841    108,844
Home Depot, Inc. (The)(2)     2,991    882,704
TJX Cos., Inc. (The)(2)     5,474    428,942
Tractor Supply Co.(2)     1,174    275,937
      $ 1,927,015
Technology Hardware, Storage & Peripherals — 10.7%
Apple, Inc.(2)    60,086 $ 9,908,181
      $ 9,908,181
Textiles, Apparel & Luxury Goods — 0.5%
NIKE, Inc., Class B(2)     4,074 $   499,635
      $   499,635
Security Shares Value
Tobacco — 0.2%
Altria Group, Inc.(2)     5,045 $   225,108
      $   225,108
Wireless Telecommunication Services — 1.0%
T-Mobile US, Inc.(1)(2)     6,185 $   895,835
      $   895,835
Total Common Stocks
(identified cost $52,530,979)
    $95,387,785
    
Short-Term Investments — 0.3%
Security Shares Value
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 4.73%(3)   330,009 $   330,009
Total Short-Term Investments
(identified cost $330,009)
    $   330,009
Total Investments — 103.3%
(identified cost $52,860,988)
    $95,717,794
Total Written Call Options — (3.2)%
(premiums received $1,273,823)
    $(2,936,375)
Other Assets, Less Liabilities — (0.1)%     $  (141,787)
Net Assets — 100.0%     $92,639,632
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
(1) Non-income producing security.
(2) Security (or a portion thereof) has been pledged as collateral for written options.
(3) May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of March 31, 2023.
 
Written Call Options (Exchange-Traded) — (3.2)%              
Description Number of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Value
NASDAQ 100 Index  2   $2,636,270   $12,600  4/3/23 $  (115,820)
NASDAQ 100 Index  2   2,636,270   12,500  4/5/23   (137,810)
4

Eaton Vance
Tax-Managed Buy-Write Strategy Fund
March 31, 2023
Portfolio of Investments (Unaudited) — continued

Written Call Options (Exchange-Traded)(continued)              
Description Number of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Value
NASDAQ 100 Index  3   $3,954,405   $12,200  4/6/23 $  (297,120)
NASDAQ 100 Index  2   2,636,270   12,200 4/10/23   (199,230)
NASDAQ 100 Index  3   3,954,405   12,400 4/12/23   (245,760)
NASDAQ 100 Index  3   3,954,405   12,900 4/14/23   (122,700)
NASDAQ 100 Index  2   2,636,270   12,800 4/17/23    (99,130)
NASDAQ 100 Index  2   2,636,270   13,100 4/19/23    (60,560)
NASDAQ 100 Index  2   2,636,270   13,000 4/21/23    (76,740)
NASDAQ 100 Index  2   2,636,270   13,100 4/24/23    (66,760)
NASDAQ 100 Index  2   2,636,270   13,100 4/26/23    (71,280)
NASDAQ 100 Index  2   2,636,270   13,300 4/28/23    (54,250)
S&P 500 Index 11   4,520,241    4,100  4/3/23    (22,330)
S&P 500 Index 10   4,109,310    4,060  4/5/23    (59,700)
S&P 500 Index 11   4,520,241    3,970  4/6/23   (156,475)
S&P 500 Index 11   4,520,241    3,950 4/10/23   (181,005)
S&P 500 Index 11   4,520,241    3,950 4/12/23   (187,440)
S&P 500 Index 11   4,520,241    4,025 4/14/23   (123,750)
S&P 500 Index 11   4,520,241    4,010 4/17/23   (139,590)
S&P 500 Index 11   4,520,241    4,075 4/19/23    (91,630)
S&P 500 Index 11   4,520,241    4,010 4/21/23   (150,205)
S&P 500 Index 11   4,520,241    4,075 4/24/23   (100,375)
S&P 500 Index 11   4,520,241    4,075 4/26/23   (104,995)
S&P 500 Index 11   4,520,241    4,135 4/28/23    (71,720)
Total             $(2,936,375)
Abbreviations:
ADR – American Depositary Receipt
REITs – Real Estate Investment Trusts
At March 31, 2023, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.
The Fund is subject to equity price risk in the normal course of pursuing its investment objectives. The Fund writes index call options above the current value of the index to generate premium income. In writing index call options, the Fund in effect, sells potential appreciation in the value of the applicable index above the exercise price in exchange for the option premium received. The Fund retains the risk of loss, minus the premium received, should the value of the underlying index decline.
5

Eaton Vance
Tax-Managed Buy-Write Strategy Fund
March 31, 2023
Portfolio of Investments (Unaudited) — continued

Affiliated Investments
At March 31, 2023, the value of the Fund's investment in funds that may be deemed to be affiliated was $330,009, which represents 0.3% of the Fund's net assets. Transactions in such funds by the Fund for the fiscal year to date ended March 31, 2023 were as follows:
Name Value,
beginning
of period
Purchases Sales
proceeds
Net
realized
gain (loss)
Change in
unrealized
appreciation
(depreciation)
Value, end
of period
Dividend
income
Shares,
end of period
Affiliated Fund
Liquidity Fund, Institutional Class(1) $98,811 $3,949,115 $(3,717,917) $ — $ — $330,009 $5,209 330,009
(1) Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio.
Fair Value Measurements
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
Level 1 – quoted prices in active markets for identical investments
Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments)
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At March 31, 2023, the hierarchy of inputs used in valuing the Fund’s investments and open derivative instruments, which are carried at value, were as follows:
Asset Description  Level 1 Level 2 Level 3 Total
Common Stocks $95,387,785* $    — $    — $95,387,785
Short-Term Investments    330,009     —     —    330,009
Total Investments $95,717,794 $    — $    — $95,717,794
Liability Description         
Written Call Options $(2,936,375) $    — $    — $(2,936,375)
Total $(2,936,375) $    — $    — $(2,936,375)
* The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.
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.
Subsequent Event
At the close of the New York Stock Exchange on April 14, 2023, the merger of the Fund into Eaton Vance Tax-Managed Buy-Write Opportunities Fund was completed. The merger was affected pursuant to an Agreement and Plan of Reorganization that was approved by the Fund’s shareholders on March 16, 2023.
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