Aerospace & Defense — 1.5%

United Technologies Corp.⁽¹⁾

Air Freight & Logistics — 1.3%

C.H. Robinson Worldwide, Inc.⁽¹⁾

Auto Components — 1.1%

Goodyear Tire & Rubber Co. (The)⁽¹⁾

Banks — 10.7%

Great Western Bancorp, Inc.

JPMorgan Chase & Co.⁽¹⁾

KeyCorp⁽¹⁾

U.S. Bancorp⁽¹⁾

Wells Fargo & Co.⁽¹⁾

Capital Markets — 4.8%

Charles Schwab Corp. (The)

Credit Suisse Group AG

Credit Suisse Group AG ADR

E*TRADE Financial Corp.⁽²⁾

Goldman Sachs Group, Inc. (The)⁽¹⁾

Lazard, Ltd., Class A

Chemicals — 0.2%

PPG Industries, Inc.

Containers & Packaging — 1.1%

International Paper Co.

Diversified Telecommunication Services — 2.5%

Verizon Communications, Inc.⁽¹⁾

Electric Utilities — 3.0%

NextEra Energy, Inc.⁽¹⁾

PG&E Corp.⁽¹⁾

Electrical Equipment — 0.3%

Hubbell, Inc.⁽¹⁾

Electronic Equipment, Instruments & Components — 0.5%

CDW Corp.

Energy Equipment & Services — 2.9%

Baker Hughes, Inc.

Halliburton Co.⁽¹⁾

Oceaneering International, Inc.

Equity Real Estate Investment Trusts (REITs) — 4.8%

DDR Corp.

Equity Residential⁽¹⁾

Federal Realty Investment Trust

Public Storage

Simon Property Group, Inc.⁽¹⁾

Food Products — 2.7%

McCormick & Co., Inc.

Mondelez International, Inc., Class A

Health Care Equipment & Supplies — 1.8%

Boston Scientific Corp.⁽²⁾

Zimmer Biomet Holdings, Inc.⁽¹⁾

Health Care Providers & Services — 1.1%

Aetna, Inc.⁽¹⁾

Household Durables — 0.8%

Whirlpool Corp.

Household Products — 1.2%

Colgate-Palmolive Co.

Industrial Conglomerates — 0.7%

General Electric Co.⁽¹⁾

Insurance — 4.6%

Alleghany Corp.⁽¹⁾⁽²⁾

American Financial Group, Inc.⁽¹⁾

Chubb, Ltd.⁽¹⁾

WR Berkley Corp.⁽¹⁾

Internet Software & Services — 3.7%

Alphabet, Inc., Class C⁽¹⁾⁽²⁾

eBay, Inc.⁽¹⁾⁽²⁾

IT Services — 1.1%

Leidos Holdings, Inc.

Visa, Inc., Class A⁽¹⁾

Life Sciences Tools & Services — 0.8%

Thermo Fisher Scientific, Inc.⁽¹⁾

Machinery — 2.3%

Caterpillar, Inc.⁽¹⁾

Trinity Industries, Inc.

Multi-Utilities — 3.7%

CMS Energy Corp.

Sempra Energy⁽¹⁾

Oil, Gas & Consumable Fuels — 8.4%

Chevron Corp.⁽¹⁾

ConocoPhillips

EOG Resources, Inc.⁽¹⁾

Exxon Mobil Corp.⁽¹⁾

Phillips 66

Pioneer Natural Resources Co.

Personal Products — 1.3%

Estee Lauder Cos., Inc. (The), Class A

Pharmaceuticals — 9.3%

Allergan PLC⁽¹⁾

Eli Lilly & Co.⁽¹⁾

Johnson & Johnson⁽¹⁾

Pfizer, Inc.⁽¹⁾

Zoetis, Inc.

Road & Rail — 2.0%

CSX Corp.⁽¹⁾

Semiconductors & Semiconductor Equipment — 2.2%

Intel Corp.⁽¹⁾

NXP Semiconductors NV⁽²⁾

Specialty Retail — 1.3%

Home Depot, Inc. (The)⁽¹⁾

Technology Hardware, Storage & Peripherals — 2.4%

Apple, Inc.⁽¹⁾

Textiles, Apparel & Luxury Goods — 0.9%

Lululemon Athletica, Inc.⁽²⁾

VF Corp.

Tobacco — 2.6%

Altria Group, Inc.⁽¹⁾

Philip Morris International, Inc.

Total Common Stocks
(identified cost $1,238,800,169)

Preferred Stocks — 14.3%

Banks — 6.2%

AgriBank FCB, 6.875% to 1/1/24⁽³⁾

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

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

Farm Credit Bank of Texas, Series 1, 10.00%

First Tennessee Bank NA, 3.75%⁽⁴⁾⁽⁵⁾

Huntington Bancshares, Inc., Series A, 8.50% (Convertible)

IBERIABANK Corp., Series C, 6.60% to 5/1/26⁽³⁾

KeyCorp, Series E, 6.125% to 12/15/26⁽³⁾

Regions Financial Corp., Series A, 6.375%

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% (Convertible)

Capital Markets — 0.8%

KKR & Co., LP, Series A, 6.75%

Legg Mason, Inc., 5.45%

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

Consumer Finance — 0.3%

Capital One Financial Corp., Series H, 6.00%

Diversified Financial Services — 0.7%

KKR Financial Holdings, LLC, Series A, 7.375%

Electric Utilities — 1.4%

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

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

NextEra Energy Capital Holdings, Inc., Series K, 5.25%

Southern Co. (The), 6.25%

Equity Real Estate Investment Trusts (REITs) — 1.3%

CBL & Associates Properties, Inc., Series D, 7.375%

DDR Corp., Series J, 6.50%

DDR Corp., Series K, 6.25%

PS Business Parks, Inc., Series W, 5.20%

Vornado Realty Trust, Series K, 5.70%

Food Products — 1.0%

Dairy Farmers of America, Inc., 7.875%⁽⁴⁾

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

Insurance — 0.3%

American Overseas Group, Ltd., Series A, 4.688%⁽⁵⁾⁽⁶⁾

PartnerRe, Ltd., Series I, 5.875%

Machinery — 0.5%

Stanley Black & Decker, Inc., 5.75%

Multi-Utilities — 0.1%

DTE Energy Co., Series C, 5.25%

Oil, Gas & Consumable Fuels — 0.7%

NuStar Energy LP, Series B, 7.625% to 6/15/22⁽³⁾

Pipelines — 0.4%

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

Thrifts & Mortgage Finance — 0.6%

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

TIAA FSB Holdings, Inc., 6.75%

Total Preferred Stocks
(identified cost $226,689,643)

Corporate Bonds & Notes — 18.5%

Banks — 10.3%

Australia and New Zealand Banking Group, Ltd., 6.75% to 6/15/26^(3)(4)(7)

Banco do Brasil SA, 6.25% to 4/15/24^(3)(4)(7)

Banco Santander SA, 6.375% to 5/19/19^(3)(7)(8)

Bank of America Corp., Series AA, 6.10% to 3/17/25⁽³⁾⁽⁷⁾

BNP Paribas SA, 6.75% to 3/14/22^(3)(4)(7)

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

Citigroup, Inc., Series M, 6.30% to 5/15/24⁽³⁾⁽⁷⁾

Credit Agricole SA, 7.875% to 1/23/24^(3)(4)(7)

JPMorgan Chase & Co., Series X, 6.10% to 10/1/24⁽³⁾⁽⁷⁾

JPMorgan Chase & Co., Series Z, 5.30% to 5/1/20⁽³⁾⁽⁷⁾

Lloyds Banking Group PLC, 7.50% to 6/27/24⁽³⁾⁽⁷⁾

M&T Bank Corp., Series F, 5.125% to 11/1/26⁽³⁾⁽⁷⁾

PNC Financial Services Group, Inc. (The), Series S, 5.00% to 11/1/26⁽³⁾⁽⁷⁾

Royal Bank of Scotland Group PLC, 8.00% to 8/10/25⁽³⁾⁽⁷⁾

Societe Generale SA, 7.375% to 9/13/21^(3)(4)(7)

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

Standard Chartered PLC, 7.75% to 4/2/23^(3)(4)(7)

UniCredit SpA, 8.00% to 6/3/24^(3)(7)(8)

Zions Bancorporation, Series I, 5.80% to 9/15/23⁽³⁾⁽⁷⁾

Zions Bancorporation, Series J, 7.20% to 9/15/23⁽³⁾⁽⁷⁾

Capital Markets — 1.6%

Banco BTG Pactual SA/Cayman Islands, 5.75%, 9/28/22⁽⁴⁾

Goldman Sachs Group, Inc. (The), Series M, 5.375% to 5/10/20⁽³⁾⁽⁷⁾

UBS Group AG, 6.875% to 8/7/25^(3)(7)(8)

Diversified Financial Services — 1.0%

Cadence Financial Corp., 4.875%, 6/28/19⁽⁴⁾

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

Textron Financial Corp., 2.917%, 2/15/67⁽⁴⁾⁽⁵⁾

Electric Utilities — 2.3%

AES Gener SA, 8.375% to 6/18/19, 12/18/73⁽³⁾⁽⁴⁾

Emera, Inc., Series 16-A, 6.75% to 6/15/26, 6/15/76⁽³⁾

Southern Co. (The), Series B, 5.50% to 3/15/22, 3/15/57⁽³⁾

Energy Equipment & Services — 0.0%⁽⁹⁾

Abengoa Finance S.A.U., 7.75%, 2/1/20^(4)(10)

Food Products — 1.1%

JBS Investments GmbH, 7.75%, 10/28/20⁽⁴⁾

Land O’ Lakes, Inc., 8.00%⁽⁴⁾⁽⁷⁾

Insurance — 0.8%

MetLife, Inc., 6.40%, 12/15/66

XLIT, Ltd., Series E, 3.616%⁽⁵⁾⁽⁷⁾

Metals & Mining — 0.5%

BHP Billiton Finance USA, Ltd., 6.75% to 10/19/25, 10/19/75⁽³⁾⁽⁴⁾

Multi-Utilities — 0.3%

Dominion Resources, Inc., 5.75% to 10/1/24, 10/1/54⁽³⁾

Oil, Gas & Consumable Fuels — 0.4%

Odebrecht Oil & Gas Finance, Ltd., 7.00% to 6/17/24^{(3)(4)(7)(10)}

Petrobras Global Finance BV, 6.125%, 1/17/22

Thrifts & Mortgage Finance — 0.2%

Flagstar Bancorp, Inc., 6.125%, 7/15/21

Total Corporate Bonds & Notes
(identified cost $296,009,792)

Exchange-Traded Funds — 3.6%

Equity Funds — 3.6%

iShares U.S. Preferred Stock ETF

Total Exchange-Traded Funds
(identified cost $59,318,648)

Rights — 0.0%⁽⁹⁾

Credit Suisse Group AG, Exp. 6/7/17⁽²⁾

Total Rights
(identified cost $0)

Short-Term Investments — 0.9%

Eaton Vance Cash Reserves Fund, LLC, 1.08%⁽¹¹⁾

Total Short-Term Investments
(identified cost $14,072,857)

Total Investments — 126.9%
(identified cost $1,834,891,109)

Other Assets, Less Liabilities — (26.9)%

Net Assets — 100.0%

United States

United Kingdom

France

Switzerland

Brazil

Bermuda

Canada

Spain

Chile

Australia

Italy

Netherlands

Ireland

Exchange-Traded Funds

Total Investments

ADR

Aggregate cost

Gross unrealized appreciation

Gross unrealized depreciation

Net unrealized appreciation

Common Stocks

Consumer Discretionary

Consumer Staples

Energy

Financials

Health Care

Industrials

Information Technology

Materials

Real Estate

Telecommunication Services

Utilities

Total Common Stocks

Consumer Staples

Energy

Financials

Industrials

Real Estate

Utilities

Total Preferred Stocks

Corporate Bonds & Notes

Exchange-Traded Funds

Rights

Short-Term Investments

Total Investments