Aerospace & Defense — 1.5%

Honeywell International, Inc.

United Technologies Corp.

Air Freight & Logistics — 1.5%

C.H. Robinson Worldwide, Inc.⁽¹⁾

Banks — 11.3%

Bank of America Corp.⁽¹⁾

Citigroup, Inc.⁽¹⁾

JPMorgan Chase & Co.⁽¹⁾

KeyCorp

PNC Financial Services Group, Inc. (The)⁽¹⁾

Wells Fargo & Co.⁽¹⁾

Capital Markets — 1.6%

Affiliated Managers Group, Inc.⁽¹⁾⁽²⁾

Chemicals — 3.1%

LyondellBasell Industries NV, Class A

Monsanto Co.

PPG Industries, Inc.

Syngenta AG ADR

Communications Equipment — 2.3%

QUALCOMM, Inc.

Telefonaktiebolaget LM Ericsson, Class B

Consumer Finance — 2.0%

Discover Financial Services⁽¹⁾

Diversified Telecommunication Services — 1.9%

Verizon Communications, Inc.⁽¹⁾

Electric Utilities — 3.4%

Edison International⁽¹⁾

NextEra Energy, Inc.⁽¹⁾

Electrical Equipment — 1.0%

Emerson Electric Co.

Electronic Equipment, Instruments & Components — 0.9%

Corning, Inc.

Energy Equipment & Services — 0.3%

Halliburton Co.

Food & Staples Retailing — 3.6%

CVS Health Corp.⁽¹⁾

Kroger Co. (The)⁽¹⁾

Food Products — 2.2%

Mondelez International, Inc., Class A⁽¹⁾

Nestle SA ADR

Health Care Equipment & Supplies — 2.2%

Covidien PLC

Stryker Corp.

Hotels, Restaurants & Leisure — 0.6%

Royal Caribbean Cruises, Ltd.

Industrial Conglomerates — 0.8%

General Electric Co.

Siemens AG

Insurance — 3.6%

ACE, Ltd.

Aflac, Inc.

XL Group PLC

Internet Software & Services — 1.0%

Google, Inc., Class C⁽²⁾

Life Sciences Tools & Services — 1.4%

Thermo Fisher Scientific, Inc.⁽¹⁾

Machinery — 1.9%

Caterpillar, Inc.⁽¹⁾

Trinity Industries, Inc.

Media — 3.1%

CBS Corp., Class B

Comcast Corp., Class A

Walt Disney Co. (The)⁽¹⁾

Multi-Utilities — 2.8%

PG&E Corp.

Sempra Energy⁽¹⁾

Oil, Gas & Consumable Fuels — 9.8%

Anadarko Petroleum Corp.

Chevron Corp.⁽¹⁾

Devon Energy Corp.

Exxon Mobil Corp.⁽¹⁾

Occidental Petroleum Corp.⁽¹⁾

Phillips 66

Paper & Forest Products — 0.9%

International Paper Co.⁽¹⁾

Pharmaceuticals — 7.7%

Eli Lilly & Co.⁽¹⁾

Merck & Co., Inc.⁽¹⁾

Roche Holding AG PC⁽¹⁾

Teva Pharmaceutical Industries, Ltd. ADR

Real Estate Investment Trusts (REITs) — 4.0%

Equity Residential⁽¹⁾

Public Storage, Inc.⁽¹⁾

Simon Property Group, Inc.⁽¹⁾

Road & Rail — 0.8%

CSX Corp.

Software — 3.4%

Microsoft Corp.⁽¹⁾

Oracle Corp.

Specialty Retail — 2.3%

Home Depot, Inc. (The)⁽¹⁾

TJX Cos., Inc. (The)

Tobacco — 3.5%

Altria Group, Inc.⁽¹⁾

Imperial Tobacco Group PLC

Reynolds American, Inc.⁽¹⁾

Total Common Stocks
(identified cost $1,172,280,783)

Preferred Stocks — 27.1%

Banks — 13.2%

AgriBank FCB, 6.875% to 1/1/24⁽³⁾

Banco Santander (Mexico), SA, 5.95% to 1/30/19⁽³⁾⁽⁴⁾

Bank of America Corp., Series U, 5.20% to 6/1/23⁽³⁾

Barclays Bank PLC, 8.25% to 12/15/18⁽³⁾

Citigroup, Inc., Series K, 6.875% to 11/15/23⁽³⁾

CoBank ACB, Series F, 6.25% to 10/1/22⁽³⁾⁽⁴⁾

Farm Credit Bank of Texas, 6.75% to 9/15/23⁽³⁾⁽⁴⁾

Farm Credit Bank of Texas, Series 1, 10.00%

First Tennessee Bank, 3.75%⁽⁴⁾⁽⁵⁾

HSBC Capital Funding LP, Series 2, 10.176% to 6/30/30⁽³⁾⁽⁴⁾

JPMorgan Chase & Co., Series Q, 5.15% to 5/1/23⁽³⁾

JPMorgan Chase & Co., Series R, 6.00% to 8/1/23⁽³⁾

JPMorgan Chase & Co., Series X, 6.10% to 10/1/24⁽³⁾

KeyCorp, Series A, 7.75%

Lloyds Banking Group PLC, 6.657% to 5/21/37⁽³⁾⁽⁴⁾

Northern Trust Corp., Series C, 5.85%

Regions Financial Corp., Series A, 6.375%

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

Societe Generale, 7.875% to 12/18/23⁽³⁾⁽⁴⁾

Standard Chartered PLC, 7.014% to 7/30/37⁽³⁾⁽⁴⁾

SunTrust Banks, Inc., Series E, 5.875%

Synovus Financial Corp., Series C, 7.875% to 8/1/18⁽³⁾

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⁽³⁾

Zions Bancorporation, Series I, 5.80% to 9/15/23⁽³⁾

Zions Bancorporation, Series J, 7.20% to 9/15/23⁽³⁾

Capital Markets — 2.4%

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⁽³⁾

Morgan Stanley, Series G, 6.625%

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

Consumer Finance — 1.7%

Ally Financial, Inc., Series A, 8.50% to 5/15/16⁽³⁾

Capital One Financial Corp., Series B, 6.00%

Discover Financial Services, Series B, 6.50%

Diversified Financial Services — 1.6%

General Electric Capital Corp., Series B, 6.25% to 12/15/22⁽³⁾

KKR Financial Holdings, LLC, Series A, 7.375%

RBS Capital Funding Trust VII, Series G, 6.08%

Electric Utilities — 2.0%

AES Gener SA, 8.375% to 6/18/19⁽³⁾⁽⁴⁾

Electricite de France SA, 5.25% to 1/29/23⁽³⁾⁽⁴⁾

Entergy Arkansas, Inc., 4.90%

Entergy Arkansas, Inc., 6.45%

Entergy Louisiana, LLC, 6.95%

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

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

Food Products — 0.9%

Dairy Farmers of America, 7.875%⁽⁴⁾

Ocean Spray Cranberries, Inc., 6.25%⁽⁴⁾

Insurance — 1.2%

American Overseas Group, Ltd., Series A, 7.50% to 12/15/16⁽³⁾

Aspen Insurance Holdings, Ltd., 5.95% to 7/1/23⁽³⁾

Aspen Insurance Holdings, Ltd., 7.401% to 1/1/17⁽³⁾

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

Montpelier Re Holdings, Ltd., 8.875%

Machinery — 1.0%

Stanley Black & Decker, Inc., 5.75%

Multi-Utilities — 0.2%

DTE Energy Co., Series C, 5.25%

Pipelines — 0.4%

NuStar Logistics LP, 7.625% to 1/15/18⁽³⁾

Real Estate Investment Trusts (REITs) — 1.6%

American Realty Capital Properties, Inc., Series F, 6.70%

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

Chesapeake Lodging Trust, Series A, 7.75%

DDR Corp., Series J, 6.50%

DDR Corp., Series K, 6.25%

Sunstone Hotel Investors, Inc., Series D, 8.00%

Thrifts & Mortgage Finance — 0.9%

Elmira Savings Bank FSB (The), 8.998% to 12/31/17⁽³⁾

EverBank Financial Corp., Series A, 6.75%

Total Preferred Stocks
(identified cost $430,229,303)

Corporate Bonds & Notes — 11.3%

Principal

Amount
(000’s omitted)

Banks — 4.0%

Banco do Brasil SA, 6.25% to 4/15/24, 10/29/49⁽³⁾⁽⁴⁾

Caixa Economica Federal, 7.25% to 7/23/19, 7/23/24⁽³⁾⁽⁴⁾

Credit Agricole SA, 7.875% to 1/23/24, 1/29/49⁽³⁾⁽⁴⁾

Credit Suisse Group AG, 6.25% to 12/18/24, 12/29/49⁽³⁾⁽⁴⁾

Deutsche Bank AG, 7.50% to 4/30/25, 12/29/49⁽³⁾

Groupe BPCE, 12.50% to 9/30/19, 8/29/49⁽³⁾⁽⁴⁾

Societe Generale SA, 8.25% to 11/29/18, 9/29/49⁽³⁾⁽⁶⁾

SunTrust Preferred Capital I, 4.00%, 6/29/49⁽⁵⁾

Chemicals — 0.2%

Sinochem Group, 5.00% to 11/2/18, 12/29/49⁽³⁾⁽⁴⁾

Diversified Financial Services — 1.7%

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

Odebrecht Oil & Gas Finance, Ltd., 7.00% to 6/17/24, 12/29/49⁽³⁾⁽⁴⁾

Textron Financial Corp., 6.00% to 2/15/17, 2/15/67⁽³⁾⁽⁴⁾

Diversified Telecommunication Services — 0.5%

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

Electric Utilities — 1.9%

Enel SpA, 8.75% to 9/24/23, 9/24/73⁽³⁾⁽⁴⁾

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

Insurance — 2.5%

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

MetLife, Inc., 10.75% to 8/1/39, 8/1/69⁽³⁾

QBE Capital Funding II, LP, 6.797% to 6/1/17, 6/29/49⁽³⁾⁽⁴⁾

QBE Capital Funding III, Ltd., 7.25% to 5/24/21, 5/24/41⁽³⁾⁽⁴⁾

XL Capital, Ltd., Series E, 6.50% to 4/15/17, 10/29/49⁽³⁾

Pipelines — 0.5%

DCP Midstream, LLC, 5.85% to 5/21/23, 5/21/43⁽³⁾⁽⁴⁾

Total Corporate Bonds & Notes
(identified cost $175,121,255)

Short-Term Investments — 1.1%

Eaton Vance Cash Reserves Fund, LLC, 0.14%⁽⁷⁾

Total Short-Term Investments
(identified cost $17,825,106)

Total Investments — 125.9%
(identified cost $1,795,456,447)

Other Assets, Less Liabilities — (25.9)%

Net Assets — 100.0%

ADR

PC

United States

Switzerland

United Kingdom

Ireland

France

Brazil

Netherlands

Sweden

Germany

Italy

Australia

Israel

Bermuda

Chile

China

Mexico

Total Investments

Aggregate cost

Gross unrealized appreciation

Gross unrealized depreciation

Net unrealized appreciation

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)

Consumer Discretionary

Consumer Staples

Energy

Financials

Health Care

Industrials

Information Technology

Materials

Telecommunication Services

Utilities