# EDGAR Filing Document

**Accession Number:** 0000745463
**File Stem:** 0001752724-23-075514
**Filing Date:** 2023-3
**Character Count:** 23796
**Document Hash:** 5f4ba747e48aa9aa362eb5e101fbd89c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-075514.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-075514

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EATON VANCE MUTUAL FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000745463
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04015
- **FILM NUMBER:** 23784747

**BUSINESS ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 617-482-8260

**MAIL ADDRESS:**
- **STREET 1:** TWO INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EATON VANCE GOVERNMENT OBLIGATIONS TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Eaton Vance Tax-Managed Value Fund (Series ID: S000005285)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000014437 | Eaton Vance Tax-Managed Value Fund Class A | EATVX           |
| C000014439 | Eaton Vance Tax-Managed Value Fund Class C | ECTVX           |
| C000058335 | Eaton Vance Tax-Managed Value Fund Class I | EITVX           |

## Nport-Ex

Eaton Vance<br>

Tax-Managed Value Fund

January 31, 2023 (Unaudited)

------

Eaton Vance Tax-Managed Value Fund (the Fund), a diversified series of Eaton Vance Mutual Funds Trust, invests substantially all of its assets in Tax-Managed Value Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio's net assets. At January 31, 2023, the value of the Fund's investment in the Portfolio was $753,173,963 and the Fund owned 81.6% of the Portfolio's outstanding interests. The Portfolio's Portfolio of Investments is set forth below.

------

Tax-Managed Value Portfolio

January 31, 2023

Portfolio of Investments (Unaudited)

------

Common Stocks — 99.8%

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Aerospace & Defense — 2.6% | Aerospace & Defense — 2.6% | Aerospace & Defense — 2.6% |
| Hexcel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;179575 | &nbsp;&nbsp;$12674404 |
| Raytheon Technologies Corp. | &nbsp;&nbsp;&nbsp;&nbsp;113000 | &nbsp;&nbsp;&nbsp;&nbsp; 11283050 |
|  |  | &nbsp;&nbsp;**$23957454** |
| Banks — 11.6% | Banks — 11.6% | Banks — 11.6% |
| Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;238499 | &nbsp;&nbsp;$10331777 |
| JPMorgan Chase & Co. | &nbsp;&nbsp;&nbsp;&nbsp;242297 | &nbsp;&nbsp;&nbsp;&nbsp; 33911888 |
| KeyCorp | &nbsp;&nbsp;&nbsp;&nbsp;669553 | &nbsp;&nbsp;&nbsp;&nbsp; 12848722 |
| PNC Financial Services Group, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;142029 | &nbsp;&nbsp;&nbsp;&nbsp; 23495858 |
| Truist Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;159821 | &nbsp;&nbsp;&nbsp;&nbsp; 7893559 |
| U.S. Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;187164 | &nbsp;&nbsp;&nbsp;&nbsp; 9320767 |
| Wells Fargo & Co. | &nbsp;&nbsp;&nbsp;&nbsp;188847 | &nbsp;&nbsp;&nbsp;&nbsp; 8851259 |
|  |  | &nbsp;&nbsp;**$106653830** |
| Beverages — 0.3% | Beverages — 0.3% | Beverages — 0.3% |
| Constellation Brands, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;13055 | &nbsp;&nbsp;$3022494 |
|  |  | &nbsp;&nbsp;**$3022494** |
| Building Products — 0.6% | Building Products — 0.6% | Building Products — 0.6% |
| Carrier Global Corp. | &nbsp;&nbsp;&nbsp;&nbsp;113000 | &nbsp;&nbsp;$5144890 |
|  |  | &nbsp;&nbsp;**$5144890** |
| Capital Markets — 3.7% | Capital Markets — 3.7% | Capital Markets — 3.7% |
| Ameriprise Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32971 | &nbsp;&nbsp;$11543807 |
| Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;62358 | &nbsp;&nbsp;&nbsp;&nbsp; 22811180 |
|  |  | &nbsp;&nbsp;**$34354987** |
| Chemicals — 3.1% | Chemicals — 3.1% | Chemicals — 3.1% |
| FMC Corp. | &nbsp;&nbsp;&nbsp;&nbsp;88626 | &nbsp;&nbsp;$11798779 |
| Linde PLC | &nbsp;&nbsp;&nbsp;&nbsp;50216 | &nbsp;&nbsp;&nbsp;&nbsp; 16618483 |
|  |  | &nbsp;&nbsp;**$28417262** |
| Containers & Packaging — 1.3% | Containers & Packaging — 1.3% | Containers & Packaging — 1.3% |
| Ball Corp. | &nbsp;&nbsp;&nbsp;&nbsp;46376 | &nbsp;&nbsp;$2700938 |
| Packaging Corp. of America | &nbsp;&nbsp;&nbsp;&nbsp;64683 | &nbsp;&nbsp;&nbsp;&nbsp; 9230264 |
|  |  | &nbsp;&nbsp;**$11931202** |
| Diversified Telecommunication Services — 0.9% | Diversified Telecommunication Services — 0.9% | Diversified Telecommunication Services — 0.9% |
| Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;197656 | &nbsp;&nbsp;$8216560 |
|  |  | &nbsp;&nbsp;**$8216560** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Electric Utilities — 3.2% | Electric Utilities — 3.2% | Electric Utilities — 3.2% |
| NextEra Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;392766 | &nbsp;&nbsp;$29312127 |
|  |  | &nbsp;&nbsp;**$29312127** |
| Electrical Equipment — 1.0% | Electrical Equipment — 1.0% | Electrical Equipment — 1.0% |
| Rockwell Automation, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;33916 | &nbsp;&nbsp;$9565329 |
|  |  | &nbsp;&nbsp;**$9565329** |
| Energy Equipment & Services — 1.3% | Energy Equipment & Services — 1.3% | Energy Equipment & Services — 1.3% |
| Halliburton Co. | &nbsp;&nbsp;&nbsp;&nbsp;293530 | &nbsp;&nbsp;$12099307 |
|  |  | &nbsp;&nbsp;**$12099307** |
| Entertainment — 2.1% | Entertainment — 2.1% | Entertainment — 2.1% |
| Walt Disney Co. (The)<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;182144 | &nbsp;&nbsp;$19760803 |
|  |  | &nbsp;&nbsp;**$19760803** |
| Equity Real Estate Investment Trusts (REITs) — 4.6% | Equity Real Estate Investment Trusts (REITs) — 4.6% | Equity Real Estate Investment Trusts (REITs) — 4.6% |
| AvalonBay Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;47915 | &nbsp;&nbsp;$8502038 |
| Boston Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;59105 | &nbsp;&nbsp;&nbsp;&nbsp; 4405687 |
| CubeSmart | &nbsp;&nbsp;&nbsp;&nbsp;174330 | &nbsp;&nbsp;&nbsp;&nbsp; 7982571 |
| First Industrial Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;93563 | &nbsp;&nbsp;&nbsp;&nbsp; 4991586 |
| Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;101130 | &nbsp;&nbsp;&nbsp;&nbsp; 16860393 |
|  |  | &nbsp;&nbsp;**$42742275** |
| Food & Staples Retailing — 2.3% | Food & Staples Retailing — 2.3% | Food & Staples Retailing — 2.3% |
| BJ's Wholesale Club Holdings, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;150222 | &nbsp;&nbsp;$10886588 |
| Performance Food Group Co.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;167658 | &nbsp;&nbsp;&nbsp;&nbsp; 10280789 |
|  |  | &nbsp;&nbsp;**$21167377** |
| Food Products — 3.0% | Food Products — 3.0% | Food Products — 3.0% |
| Hershey Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;47695 | &nbsp;&nbsp;$10712297 |
| Nestle S.A. | &nbsp;&nbsp;&nbsp;&nbsp;138900 | &nbsp;&nbsp;&nbsp;&nbsp; 16947056 |
|  |  | &nbsp;&nbsp;**$27659353** |
| Health Care Equipment & Supplies — 1.6% | Health Care Equipment & Supplies — 1.6% | Health Care Equipment & Supplies — 1.6% |
| Stryker Corp. | &nbsp;&nbsp;&nbsp;&nbsp;58093 | &nbsp;&nbsp;$14744584 |
|  |  | &nbsp;&nbsp;**$14744584** |
| Health Care Providers & Services — 1.0% | Health Care Providers & Services — 1.0% | Health Care Providers & Services — 1.0% |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18719 | &nbsp;&nbsp;$9344338 |
|  |  | &nbsp;&nbsp;**$9344338** |
| Hotels, Restaurants & Leisure — 1.1% | Hotels, Restaurants & Leisure — 1.1% | Hotels, Restaurants & Leisure — 1.1% |
| Papa John's International, Inc.<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;117978 | &nbsp;&nbsp;$10581447 |
|  |  | &nbsp;&nbsp;**$10581447** |

---

------

Tax-Managed Value Portfolio

January 31, 2023

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Household Durables — 1.1% | Household Durables — 1.1% | Household Durables — 1.1% |
| D.R. Horton, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;99360 | &nbsp;&nbsp;$9805838 |
|  |  | &nbsp;&nbsp;**$9805838** |
| Industrial Conglomerates — 1.9% | Industrial Conglomerates — 1.9% | Industrial Conglomerates — 1.9% |
| Honeywell International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;83731 | &nbsp;&nbsp;$17456239 |
|  |  | &nbsp;&nbsp;**$17456239** |
| Insurance — 2.6% | Insurance — 2.6% | Insurance — 2.6% |
| Arch Capital Group, Ltd.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;183981 | &nbsp;&nbsp;$11839177 |
| Travelers Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;64030 | &nbsp;&nbsp;&nbsp;&nbsp; 12237414 |
|  |  | &nbsp;&nbsp;**$24076591** |
| Interactive Media & Services — 3.5% | Interactive Media & Services — 3.5% | Interactive Media & Services — 3.5% |
| Alphabet, Inc., Class A<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;158480 | &nbsp;&nbsp;$15664163 |
| Alphabet, Inc., Class C<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;163980 | &nbsp;&nbsp;&nbsp;&nbsp; 16376683 |
|  |  | &nbsp;&nbsp;**$32040846** |
| IT Services — 2.2% | IT Services — 2.2% | IT Services — 2.2% |
| Fiserv, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;91212 | &nbsp;&nbsp;$9730496 |
| Visa, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;44697 | &nbsp;&nbsp;&nbsp;&nbsp; 10289697 |
|  |  | &nbsp;&nbsp;**$20020193** |
| Leisure Products — 0.7% | Leisure Products — 0.7% | Leisure Products — 0.7% |
| Hasbro, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;112117 | &nbsp;&nbsp;$6633963 |
|  |  | &nbsp;&nbsp;**$6633963** |
| Life Sciences Tools & Services — 2.5% | Life Sciences Tools & Services — 2.5% | Life Sciences Tools & Services — 2.5% |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40907 | &nbsp;&nbsp;$23330489 |
|  |  | &nbsp;&nbsp;**$23330489** |
| Machinery — 5.5% | Machinery — 5.5% | Machinery — 5.5% |
| Ingersoll Rand, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;353722 | &nbsp;&nbsp;$19808432 |
| Otis Worldwide Corp. | &nbsp;&nbsp;&nbsp;&nbsp;56500 | &nbsp;&nbsp;&nbsp;&nbsp; 4645995 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;32913 | &nbsp;&nbsp;&nbsp;&nbsp; 10729638 |
| Westinghouse Air Brake Technologies Corp. | &nbsp;&nbsp;&nbsp;&nbsp;150850 | &nbsp;&nbsp;&nbsp;&nbsp; 15659738 |
|  |  | &nbsp;&nbsp;**$50843803** |
| Multi-Utilities — 3.3% | Multi-Utilities — 3.3% | Multi-Utilities — 3.3% |
| CMS Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;68853 | &nbsp;&nbsp;$4350821 |
| Sempra Energy | &nbsp;&nbsp;&nbsp;&nbsp;162537 | &nbsp;&nbsp;&nbsp;&nbsp; 26059557 |
|  |  | &nbsp;&nbsp;**$30410378** |
| Oil, Gas & Consumable Fuels — 8.0% | Oil, Gas & Consumable Fuels — 8.0% | Oil, Gas & Consumable Fuels — 8.0% |
| Chevron Corp. | &nbsp;&nbsp;&nbsp;&nbsp;182306 | &nbsp;&nbsp;$31724890 |
| ConocoPhillips | &nbsp;&nbsp;&nbsp;&nbsp;129368 | &nbsp;&nbsp;&nbsp;&nbsp; 15766078 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Oil, Gas & Consumable Fuels (continued) | Oil, Gas & Consumable Fuels (continued) | Oil, Gas & Consumable Fuels (continued) |
| EOG Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;113483 | &nbsp;&nbsp;$15008127 |
| Phillips 66 | &nbsp;&nbsp;&nbsp;&nbsp;109182 | &nbsp;&nbsp;&nbsp;&nbsp; 10947679 |
|  |  | &nbsp;&nbsp;**$73446774** |
| Personal Products — 1.9% | Personal Products — 1.9% | Personal Products — 1.9% |
| Estee Lauder Cos., Inc. (The), Class A | &nbsp;&nbsp;&nbsp;&nbsp;61550 | &nbsp;&nbsp;$17054274 |
|  |  | &nbsp;&nbsp;**$17054274** |
| Pharmaceuticals — 10.7% | Pharmaceuticals — 10.7% | Pharmaceuticals — 10.7% |
| Bristol-Myers Squibb Co. | &nbsp;&nbsp;&nbsp;&nbsp;225334 | &nbsp;&nbsp;$16370515 |
| Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp;47953 | &nbsp;&nbsp;&nbsp;&nbsp; 16503025 |
| Johnson & Johnson | &nbsp;&nbsp;&nbsp;&nbsp;116398 | &nbsp;&nbsp;&nbsp;&nbsp; 19021761 |
| Merck & Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;167049 | &nbsp;&nbsp;&nbsp;&nbsp; 17942733 |
| Novo Nordisk A/S ADR | &nbsp;&nbsp;&nbsp;&nbsp;66803 | &nbsp;&nbsp;&nbsp;&nbsp; 9270920 |
| Royalty Pharma PLC, Class A | &nbsp;&nbsp;&nbsp;&nbsp;82011 | &nbsp;&nbsp;&nbsp;&nbsp; 3214011 |
| Zoetis, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;101295 | &nbsp;&nbsp;&nbsp;&nbsp; 16763310 |
|  |  | &nbsp;&nbsp;**$99086275** |
| Road & Rail — 1.1% | Road & Rail — 1.1% | Road & Rail — 1.1% |
| Union Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp;50876 | &nbsp;&nbsp;$10388370 |
|  |  | &nbsp;&nbsp;**$10388370** |
| Semiconductors & Semiconductor Equipment — 4.5% | Semiconductors & Semiconductor Equipment — 4.5% | Semiconductors & Semiconductor Equipment — 4.5% |
| Micron Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;310361 | &nbsp;&nbsp;$18714768 |
| QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;69710 | &nbsp;&nbsp;&nbsp;&nbsp; 9286069 |
| Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;75008 | &nbsp;&nbsp;&nbsp;&nbsp; 13292168 |
|  |  | &nbsp;&nbsp;**$41293005** |
| Software — 1.2% | Software — 1.2% | Software — 1.2% |
| Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp;25630 | &nbsp;&nbsp;$6351370 |
| Oracle Corp. | &nbsp;&nbsp;&nbsp;&nbsp;52884 | &nbsp;&nbsp;&nbsp;&nbsp; 4678119 |
|  |  | &nbsp;&nbsp;**$11029489** |
| Specialty Retail — 2.8% | Specialty Retail — 2.8% | Specialty Retail — 2.8% |
| Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;81060 | &nbsp;&nbsp;$26277220 |
|  |  | &nbsp;&nbsp;**$26277220** |
| Wireless Telecommunication Services — 1.0% | Wireless Telecommunication Services — 1.0% | Wireless Telecommunication Services — 1.0% |
| T-Mobile US, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;59830 | &nbsp;&nbsp;$8933217 |
|  |  | &nbsp;&nbsp;**$8933217** |
| Total Common Stocks<br> (identified cost $425,290,619) |  | &nbsp;&nbsp;**$920802583** |

---

------

Tax-Managed Value Portfolio

January 31, 2023

Portfolio of Investments (Unaudited) — continued

------

Short-Term Investments — 0.2%

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 4.14%<sup>(3)</sup> | 1915099 | &nbsp;&nbsp;$1915099 |
| Total Short-Term Investments<br> (identified cost $1,915,099) |  | &nbsp;&nbsp;**$1915099** |
| Total Investments — 100.0%<br> (identified cost $427,205,718) |  | &nbsp;&nbsp;**$922717682** |
| Other Assets, Less Liabilities — 0.0%<sup>(4)</sup> |  | &nbsp;&nbsp;**$357517** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$923075199** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | The percentage shown for each investment category in the Portfolio of Investments is based on net assets. |
| <sup>(1)</sup> | Non-income producing security. |
| <sup>(2)</sup> | All or a portion of this security was on loan at January 31, 2023. The aggregate market value of securities on loan at January 31, 2023 was $2,084,127 and the total market value of the collateral received by the Portfolio was $2,151,273, comprised of U.S. government and/or agencies securities. |

---

<sup>(3)</sup> May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of January 31, 2023.

<sup>(4)</sup> Amount is less than 0.05%.

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| ADR | – American Depositary Receipt |

---

The Portfolio did not have any open derivative instruments at January 31, 2023.

Affiliated Investments

At January 31, 2023, the value of the Portfolio's investment in funds that may be deemed to be affiliated was $1,915,099, which represents 0.2% of the Portfolio's net assets. Transactions in such funds by the Portfolio for the fiscal year to date ended January 31, 2023 were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Value,<br> beginning<br> of period** | **Purchases** | **Sales<br> proceeds** | **Net<br> realized<br> gain (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Value, end<br> of period** | **Dividend<br> income** | **Shares,<br> end of period** |
| **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** |
| Liquidity Fund, Institutional Class<sup>(1)</sup> | $2138376 | $10532060 | $(10755337) | $— | $— | $1915099 | $17484 | 1915099 |

---

<sup>(1)</sup> 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.

------

Tax-Managed Value Portfolio

January 31, 2023

Portfolio of Investments (Unaudited) — continued

------

At January 31, 2023, the hierarchy of inputs used in valuing the Portfolio's investments, which are carried at value, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total** |
| Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Communication Services | &nbsp;&nbsp;$68951426 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$— | &nbsp;&nbsp;$68951426 |
| &nbsp;&nbsp;&nbsp;Consumer Discretionary | &nbsp;&nbsp;&nbsp;&nbsp; 53298468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 53298468 |
| &nbsp;&nbsp;&nbsp;Consumer Staples | &nbsp;&nbsp;&nbsp;&nbsp; 51956442 | &nbsp;&nbsp;&nbsp;&nbsp;16947056 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 68903498 |
| &nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp; 85546081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 85546081 |
| &nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;165085408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;165085408 |
| &nbsp;&nbsp;&nbsp;Health Care | &nbsp;&nbsp;&nbsp;&nbsp;146505686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;146505686 |
| &nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;117356085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;117356085 |
| &nbsp;&nbsp;&nbsp;Information Technology | &nbsp;&nbsp;&nbsp;&nbsp; 72342687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 72342687 |
| &nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp; 40348464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 40348464 |
| &nbsp;&nbsp;&nbsp;Real Estate | &nbsp;&nbsp;&nbsp;&nbsp; 42742275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 42742275 |
| &nbsp;&nbsp;&nbsp;Utilities | &nbsp;&nbsp;&nbsp;&nbsp; 59722505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 59722505 |
| **Total Common Stocks** | &nbsp;&nbsp;**$903855527** | &nbsp;&nbsp;**$16,947,056\*** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$920802583** |
| Short-Term Investments | &nbsp;&nbsp;$1915099 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$— | &nbsp;&nbsp;$1915099 |
| **Total Investments** | &nbsp;&nbsp;**$905770626** | &nbsp;&nbsp;**$16947056** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$922717682** |

---

\* 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.

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.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** EATON VANCE MUTUAL FUNDS TRUST

- **b. Investment Company Act file number:** 811-04015

- **c. CIK number of Registrant:** 0000745463

- **d. LEI of Registrant:** 549300C67AFHZKODE756

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** TWO INTERNATIONAL PLACE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-482-8260

**Item A.2. Information about the Series.**

- **a. Name of Series:** Eaton Vance Tax-Managed Value Fund

- **b. EDGAR series identifier (if any):** S000005285

- **c. LEI of Series:** 549300VG7H7RKUVO0820

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $753406208.27

**Total Liabilities:** $667188.42

**Net Assets:** $752739019.85

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000014437 | 6.24%                | -4.36%               | 4.74%                |
| Class ID C000058335 | 6.26%                | -4.36%               | 4.73%                |
| Class ID C000014439 | 6.19%                | -4.43%               | 4.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $0.00                                      |

### Schedule of Portfolio Investments

| Name                        | Title                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Tax-Managed Value Portfolio | Tax-Managed Value Portfolio | CUSIP: 000000000<br>LEI: 5493005RN35JXM8V2606 | Long             | EC               | RF                | US        |  17067163 | NS      | $753173907.01 | 100.06%           |  |  |  | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2023-02-27

**Name of Applicant:** EATON VANCE MUTUAL FUNDS TRUST

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer