Aerospace & Defense — 2.1%

Safran SA⁽¹⁾

United Technologies Corp.⁽¹⁾

Air Freight & Logistics — 0.8%

C.H. Robinson Worldwide, Inc.⁽¹⁾

Automobiles — 0.5%

Toyota Motor Corp.⁽¹⁾

Banks — 7.3%

Bank of America Corp.⁽¹⁾

Credit Agricole SA⁽¹⁾

JPMorgan Chase & Co.⁽¹⁾

Lloyds Banking Group PLC⁽¹⁾

Natixis SA⁽¹⁾

Regions Financial Corp.⁽¹⁾

Beverages — 3.5%

Anheuser-Busch InBev NV⁽¹⁾

Constellation Brands, Inc., Class A

Diageo PLC

Biotechnology — 3.6%

Biogen, Inc.⁽¹⁾⁽²⁾

Celgene Corp.⁽¹⁾⁽²⁾

Gilead Sciences, Inc.⁽¹⁾

Capital Markets — 2.1%

Azimut Holding SpA⁽¹⁾

Macquarie Group, Ltd.⁽¹⁾

Chemicals — 2.0%

LyondellBasell Industries NV, Class A

Monsanto Co.

Commercial Services & Supplies — 0.9%

Brambles, Ltd.⁽¹⁾

Communications Equipment — 1.3%

QUALCOMM, Inc.⁽¹⁾

Construction & Engineering — 0.0%⁽³⁾

Royal Boskalis Westminster NV

Consumer Finance — 1.4%

Discover Financial Services⁽¹⁾

Diversified Telecommunication Services — 4.2%

Deutsche Telekom AG⁽¹⁾

Nippon Telegraph & Telephone Corp.⁽¹⁾

Verizon Communications, Inc.⁽¹⁾

Electric Utilities — 1.2%

CEZ AS⁽¹⁾

NextEra Energy, Inc.

Electrical Equipment — 1.6%

Mitsubishi Electric Corp.⁽¹⁾

Nidec Corp.

Electronic Equipment, Instruments & Components — 1.3%

Corning, Inc.⁽¹⁾

Yaskawa Electric Corp.

Food & Staples Retailing — 1.2%

Casino Guichard-Perrachon SA⁽¹⁾

CVS Health Corp.

Food Products — 5.6%

Kerry Group PLC, Class A

Kraft Heinz Co. (The)

Mondelez International, Inc., Class A⁽¹⁾

Tate & Lyle PLC

Unilever NV⁽¹⁾

Health Care Equipment & Supplies — 1.6%

Medtronic PLC⁽¹⁾

Hotels, Restaurants & Leisure — 2.7%

Accor SA⁽¹⁾

Compass Group PLC⁽¹⁾

Household Products — 1.3%

Reckitt Benckiser Group PLC⁽¹⁾

Industrial Conglomerates — 2.1%

Danaher Corp.⁽¹⁾

Koninklijke Philips NV⁽¹⁾

Insurance — 6.9%

AXA SA⁽¹⁾

Direct Line Insurance Group PLC

Mediolanum SpA

PartnerRe, Ltd.⁽¹⁾

Powszechny Zaklad Ubezpieczen SA

Prudential PLC⁽¹⁾

St. James’s Place PLC⁽¹⁾

Internet Software & Services — 4.8%

Facebook, Inc., Class A⁽²⁾

Google, Inc., Class C⁽¹⁾⁽²⁾

IT Services — 1.3%

Computer Sciences Corp.

Visa, Inc., Class A

Machinery — 1.5%

SKF AB, Class B⁽¹⁾

Media — 2.8%

Live Nation Entertainment, Inc.⁽²⁾

Walt Disney Co. (The)⁽¹⁾

Multi-Utilities — 2.7%

A2A SpA

National Grid PLC⁽¹⁾

Sempra Energy

Oil, Gas & Consumable Fuels — 6.2%

Devon Energy Corp.⁽¹⁾

Exxon Mobil Corp.⁽¹⁾

Occidental Petroleum Corp.⁽¹⁾

Range Resources Corp.

Total SA⁽¹⁾

Pharmaceuticals — 7.8%

Bayer AG⁽¹⁾

Merck & Co., Inc.⁽¹⁾

Perrigo Co. PLC⁽¹⁾

Roche Holding AG PC⁽¹⁾

Takeda Pharmaceutical Co., Ltd.⁽¹⁾

Teva Pharmaceutical Industries, Ltd. ADR

Real Estate Investment Trusts (REITs) — 3.0%

Public Storage⁽¹⁾

Simon Property Group, Inc.⁽¹⁾

Semiconductors & Semiconductor Equipment — 1.5%

NXP Semiconductors NV⁽¹⁾⁽²⁾

Software — 1.9%

Oracle Corp.⁽¹⁾

SAP SE

Specialty Retail — 3.1%

Dixons Carphone PLC

Home Depot, Inc. (The)⁽¹⁾

Industria de Diseno Textil SA

Technology Hardware, Storage & Peripherals — 2.1%

Apple, Inc.⁽¹⁾

Textiles, Apparel & Luxury Goods — 4.0%

LVMH Moet Hennessy Louis Vuitton SE

NIKE, Inc., Class B⁽¹⁾

Pandora A/S

Tobacco — 2.9%

Altria Group, Inc.⁽¹⁾

Imperial Tobacco Group PLC⁽¹⁾

Wireless Telecommunication Services — 1.2%

Tele2 AB, Class B

Vodafone Group PLC⁽¹⁾

Total Common Stocks
(identified cost $1,320,268,347)

Preferred Stocks — 15.5%

Banks — 8.1%

AgriBank FCB, 6.875% to 1/1/24⁽⁴⁾

Barclays Bank PLC, 8.25% to 12/15/18⁽⁴⁾

Citigroup, Inc., Series K, 6.875% to 11/15/23⁽⁴⁾

CoBank ACB, Series F, 6.25% to 10/1/22⁽⁴⁾

Farm Credit Bank of Texas, 6.75% to 9/15/23⁽⁴⁾⁽⁵⁾

Farm Credit Bank of Texas, Series 1, 10.00%

First Tennessee Bank, 3.75%⁽⁵⁾⁽⁶⁾

JPMorgan Chase & Co., Series O, 5.50%

JPMorgan Chase & Co., Series R, 6.00% to 8/1/23⁽⁴⁾

JPMorgan Chase & Co., Series X, 6.10% to 10/1/24⁽⁴⁾

JPMorgan Chase & Co., Series Y, 6.125%

KeyCorp, Series A, 7.75%

Lloyds Banking Group PLC, 6.657% to 5/21/37⁽⁴⁾⁽⁵⁾

Northern Trust Corp., Series C, 5.85%

Regions Financial Corp., Series A, 6.375%

Royal Bank of Scotland Group PLC, Series L, 5.75%

Royal Bank of Scotland Group PLC, Series S, 6.60%

Standard Chartered PLC, 7.014% to 7/30/37⁽⁴⁾⁽⁵⁾

SunTrust Banks, Inc., Series E, 5.875%

Texas Capital Bancshares, Inc., 6.50%

Texas Capital Bancshares, Inc., Series A, 6.50%

Webster Financial Corp., Series E, 6.40%

Wells Fargo & Co., Series L, 7.50%

Zions Bancorporation, Series G, 6.30% to 3/15/23⁽⁴⁾

Zions Bancorporation, Series I, 5.80% to 9/15/23⁽⁴⁾

Zions Bancorporation, Series J, 7.20% to 9/15/23⁽⁴⁾

Capital Markets — 1.4%

Affiliated Managers Group, Inc., 6.375%

Goldman Sachs Group, Inc. (The), Series I, 5.95%

Goldman Sachs Group, Inc. (The), Series J, 5.50% to 5/10/23⁽⁴⁾

Morgan Stanley, Series G, 6.625%

State Street Corp., Series D, 5.90% to 3/15/24⁽⁴⁾

Consumer Finance — 0.8%

Capital One Financial Corp., Series B, 6.00%

Discover Financial Services, Series B, 6.50%

Diversified Financial Services — 0.8%

KKR Financial Holdings, LLC, Series A, 7.375%

RBS Capital Funding Trust VII, Series G, 6.08%

Electric Utilities — 0.8%

AES Gener SA, 8.375% to 6/18/19⁽⁴⁾⁽⁵⁾

Entergy Arkansas, Inc., 6.45%

NextEra Energy Capital Holdings, Inc., Series G, 5.70%

NextEra Energy Capital Holdings, Inc., Series I, 5.125%

Southern California Edison Co., Series E, 6.25% to 2/1/22⁽⁴⁾

Food Products — 1.2%

Dairy Farmers of America, 7.875%⁽⁵⁾

Land O’Lakes, Inc., 8.00%⁽⁵⁾

Ocean Spray Cranberries, Inc., 6.25%⁽⁵⁾

Insurance — 0.2%

Aspen Insurance Holdings, Ltd., 5.95% to 7/1/23⁽⁴⁾

Endurance Specialty Holdings, Ltd., Series B, 7.50%

Machinery — 0.5%

Stanley Black & Decker, Inc., 5.75%

Multi-Utilities — 0.1%

DTE Energy Co., Series C, 5.25%

Pipelines — 0.3%

NuStar Logistics LP, 7.625% to 1/15/18⁽⁴⁾

Real Estate Investment Trusts (REITs) — 0.7%

Cedar Realty Trust, Inc., Series B, 7.25%

DDR Corp., Series J, 6.50%

Thrifts & Mortgage Finance — 0.6%

Elmira Savings Bank, 8.998% to 12/31/17⁽⁴⁾

EverBank Financial Corp., Series A, 6.75%

Total Preferred Stocks
(identified cost $204,574,598)

Corporate Bonds & Notes — 7.6%

Principal
Amount

(000’s omitted)

Banks — 3.3%

Banco do Brasil SA, 9.00% to 6/18/24, 6/29/49⁽⁴⁾⁽⁵⁾

Bank of America Corp., Series AA, 6.10% to 3/17/25, 12/29/49⁽⁴⁾

Caixa Economica Federal, 7.25% to 7/23/19, 7/23/24⁽⁴⁾⁽⁵⁾

Credit Agricole SA, 7.875% to 1/23/24, 1/29/49⁽⁴⁾⁽⁵⁾

Credit Suisse Group AG, 6.25% to 12/18/24, 12/29/49⁽⁴⁾⁽⁵⁾

Deutsche Bank AG, 7.50% to 4/30/25, 12/29/49⁽⁴⁾

JPMorgan Chase & Co., Series Z, 5.30% to 5/1/20, 12/29/49⁽⁴⁾

Lloyds Banking Group PLC, 7.50% to 6/27/24, 4/30/49⁽⁴⁾

Societe Generale SA, 8.25% to 11/29/18, 9/29/49⁽⁴⁾⁽⁷⁾

SunTrust Preferred Capital I, 4.00%, 6/29/49⁽⁶⁾

Principal
Amount

(000’s omitted)

Diversified Financial Services — 0.4%

Leucadia National Corp., 6.625%, 10/23/43

Textron Financial Corp., 6.00% to 2/15/17, 2/15/67⁽⁴⁾⁽⁵⁾

Diversified Telecommunication Services — 0.4%

Koninklijke KPN NV, 7.00% to 3/28/23, 3/28/73⁽⁴⁾⁽⁵⁾

Electric Utilities — 1.3%

AES Panama SA, 6.00%, 6/25/22⁽⁵⁾

Enel SpA, 8.75% to 9/24/23, 9/24/73⁽⁴⁾⁽⁵⁾

PPL Capital Funding, Inc., Series A, 6.70% to 3/30/17, 3/30/67⁽⁴⁾

Energy Equipment & Services — 0.2%

Abengoa Finance S.A.U., 7.75%, 2/1/20⁽⁵⁾

Insurance — 1.2%

Genworth Financial, Inc., 7.625%, 9/24/21

Genworth Financial, Inc., 7.70%, 6/15/20

MetLife, Inc., 10.75% to 8/1/39, 8/1/69⁽⁴⁾

QBE Capital Funding III, Ltd., 7.25% to 5/24/21, 5/24/41⁽⁴⁾⁽⁵⁾

XLIT, Ltd., Series E, 6.50% to 4/15/17, 10/29/49⁽⁴⁾

Metals & Mining — 0.1%

Freeport-McMoRan, Inc., 3.55%, 3/1/22

Oil, Gas & Consumable Fuels — 0.2%

Odebrecht Oil & Gas Finance, Ltd., 7.00% to 6/17/24, 12/29/49⁽⁴⁾⁽⁵⁾

Telecommunications — 0.5%

Colombia Telecomunicaciones SA ESP, 8.50% to 3/30/20, 12/29/49⁽⁴⁾⁽⁵⁾

Total Corporate Bonds & Notes
(identified cost $107,229,096)

Exchange-Traded Funds — 2.7%

Equity Funds — 2.7%

iShares MSCI Japan ETF

iShares U.S. Preferred Stock ETF

Total Exchange-Traded Funds
(identified cost $38,286,236)

Short-Term Investments — 3.9%

Eaton Vance Cash Reserves Fund, LLC, 0.20%⁽⁸⁾

Total Short-Term Investments
(identified cost $53,667,839)

Total Investments — 131.7%
(identified cost $1,724,026,116)

Other Assets, Less Liabilities — (31.7)%

Net Assets — 100.0%

ADR

PC

United States

United Kingdom

France

Japan

Ireland

Germany

Italy

Netherlands