Aerospace & Defense — 2.6%

General Dynamics Corp.⁽¹⁾

Honeywell International, Inc.⁽¹⁾

United Technologies Corp.⁽¹⁾

Automobiles — 1.6%

Ford Motor Co.⁽¹⁾

Building Products — 1.1%

Compagnie de Saint-Gobain⁽¹⁾

Commercial Banks — 10.5%

DNB ASA⁽¹⁾

Fifth Third Bancorp⁽¹⁾

National Australia Bank, Ltd.

PNC Financial Services Group, Inc.⁽¹⁾

Svenska Handelsbanken AB⁽¹⁾

Swedbank AB, Class A⁽¹⁾

U.S. Bancorp⁽¹⁾

Wells Fargo & Co.⁽¹⁾

Computers & Peripherals — 1.9%

Apple, Inc.⁽¹⁾⁽²⁾

Construction & Engineering — 1.3%

Vinci SA⁽¹⁾

Diversified Financial Services — 4.2%

Citigroup, Inc.⁽¹⁾

Deutsche Boerse AG⁽¹⁾

JPMorgan Chase & Co.⁽¹⁾

Diversified Telecommunication Services — 6.9%

AT&T, Inc.⁽¹⁾

CenturyLink, Inc.⁽¹⁾

Deutsche Telekom AG

Tele2 AB, Class B⁽¹⁾

Vivendi SA⁽¹⁾

Electric Utilities — 4.1%

E.ON AG⁽¹⁾

Edison International⁽¹⁾

NextEra Energy, Inc.⁽¹⁾

Electrical Equipment — 0.4%

Emerson Electric Co.⁽¹⁾

Food Products — 6.1%

Kraft Foods, Inc., Class A⁽¹⁾

Nestle SA⁽¹⁾

Sara Lee Corp.⁽¹⁾

Hotels, Restaurants & Leisure — 0.9%

Carnival Corp.⁽¹⁾

Insurance — 2.6%

Swiss Reinsurance Co., Ltd.⁽¹⁾⁽²⁾

Zurich Insurance Group AG⁽¹⁾⁽²⁾

IT Services — 2.9%

International Business Machines Corp.⁽¹⁾

Machinery — 1.7%

Deere & Co.⁽¹⁾

Stanley Black & Decker, Inc.⁽¹⁾

Metals & Mining — 2.2%

BHP Billiton, Ltd. ADR⁽¹⁾

Vale SA ADR⁽¹⁾

Multi-Utilities — 5.9%

GDF Suez⁽¹⁾

RWE AG⁽¹⁾

Sempra Energy⁽¹⁾

Veolia Environnement⁽¹⁾

Oil, Gas & Consumable Fuels — 8.1%

Chevron Corp.⁽¹⁾

ConocoPhillips⁽¹⁾

ENI SpA⁽¹⁾

Marathon Oil Corp.⁽¹⁾

Phillips 66⁽¹⁾⁽²⁾

Royal Dutch Shell PLC, Class A⁽¹⁾

Pharmaceuticals — 8.1%

Abbott Laboratories⁽¹⁾

Bristol-Myers Squibb Co.⁽¹⁾

Johnson & Johnson⁽¹⁾

Merck & Co., Inc.⁽¹⁾

Pfizer, Inc.⁽¹⁾

Sanofi SA⁽¹⁾

Road & Rail — 1.9%

Union Pacific Corp.⁽¹⁾

Software — 4.4%

Microsoft Corp.⁽¹⁾

Oracle Corp.⁽¹⁾

Specialty Retail — 2.4%

Hennes & Mauritz AB, Class B⁽¹⁾

Limited Brands, Inc.⁽¹⁾

Textiles, Apparel & Luxury Goods — 1.8%

VF Corp.⁽¹⁾

Tobacco — 1.9%

Philip Morris International, Inc.⁽¹⁾

Wireless Telecommunication Services — 1.5%

Vodafone Group PLC ADR

Total Common Stocks
(identified cost $920,152,737)

Preferred Stocks — 34.3%

Capital Markets — 0.6%

Charles Schwab Corp. (The), 7.00%⁽³⁾

Commercial Banks — 17.1%

Abbey National Capital Trust I, 8.963%⁽³⁾

Bank of America Corp., 8.125%⁽³⁾

Barclays Bank PLC, 7.10%

BNP Paribas, 7.195%⁽³⁾⁽⁴⁾

CoBank, ACB, 7.00%⁽⁴⁾

Countrywide Capital V, 7.00%

Deutsche Bank Contingent Capital Trust III, 7.60%

Farm Credit Bank of Texas, Series 1, 10.00%

First Republic Bank, Series A, 6.70%

First Republic Bank, Series B, 6.20%

JPMorgan Chase & Co., Series 1, 7.90%⁽³⁾

KeyCorp, Series A, 7.75%

Landsbanki Islands HF, 7.431%^{(2)(3)(4)(5)(6)}

Lloyds Banking Group PLC, 6.267%^(2)(3)(4)

Lloyds Banking Group PLC, 6.657%^(2)(3)(4)

PNC Financial Services Group, Inc., Series P, 6.125%⁽³⁾

Royal Bank of Scotland Group PLC, Series F, 7.65%

Royal Bank of Scotland Group PLC, Series H, 7.25%

Royal Bank of Scotland Group PLC, Series Q, 6.75%⁽²⁾

Royal Bank of Scotland Group PLC, Series S, 6.60%⁽²⁾

Royal Bank of Scotland Group PLC, Series T, 7.25%⁽²⁾

Standard Chartered PLC, 6.409%⁽³⁾⁽⁴⁾

Standard Chartered PLC, 7.014%⁽³⁾⁽⁴⁾

U.S. Bancorp, Series F, 6.50%⁽³⁾

Wells Fargo & Co., Series L, 7.50%

Consumer Finance — 1.1%

Ally Financial, Inc., Series A, 8.50%⁽³⁾

Diversified Financial Services — 1.5%

Citigroup Capital XI, 6.00%

Elmira Savings Bank FSB (The), 8.998%⁽³⁾

HSBC Capital Funding LP, 10.176%⁽³⁾⁽⁴⁾

Electric Utilities — 3.7%

Entergy Arkansas, Inc., 6.45%

Entergy Louisiana, LLC, 6.95%

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

Southern California Edison Co., Series C, 6.00%

Southern California Edison Co., Series D, 6.50%

Southern California Edison Co., Series E, 6.25%⁽³⁾

Virginia Electric and Power Co., 6.12%

Food Products — 1.1%

Dairy Farmers of America, 7.875%⁽⁴⁾

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

Insurance — 6.9%

American Overseas Group, Ltd., Series A, 7.50%⁽²⁾⁽³⁾

Arch Capital Group, Ltd., Series C, 6.75%

Aspen Insurance Holdings, Ltd., 7.401%⁽³⁾

AXA SA, 6.379%⁽³⁾⁽⁴⁾

Axis Capital Holdings, Ltd., Series C, 6.875%

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

Montpelier Re Holdings, Ltd., 8.875%

PartnerRe, Ltd., Series E, 7.25%

Prudential PLC, 6.50%

RenaissanceRe Holdings, Ltd., Series D, 6.60%

XLIT, Ltd., Series D, 3.586%⁽³⁾

Real Estate Investment Trusts (REITs) — 1.9%

CapLease, Inc., Series A, 8.125%

Cedar Shopping Centers, Inc., Series A, 8.875%

Regency Centers Corp., Series 6, 6.625%

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

Telecommunications — 0.4%

Centaur Funding Corp., 9.08%⁽⁴⁾

Total Preferred Stocks
(identified cost $441,333,761)

Corporate Bonds & Notes — 11.5%

Principal

Amount

(000’s omitted)

Commercial Banks — 2.6%

ABN Amro North American Holding Preferred Capital Repackage Trust I,
6.523% to 11/8/12, 12/29/49⁽⁴⁾⁽⁷⁾

Banco Industriale Comercial SA, 8.50%, 4/27/20⁽⁴⁾

Capital One Capital III, 7.686% to 8/15/36, 8/1/66⁽⁷⁾

CBA Capital Trust II, 6.024% to 3/15/16, 3/29/49⁽⁴⁾⁽⁷⁾

Citigroup Capital III, 7.625%, 12/1/36

Groupe BPCE, 12.50% to 9/30/19, 8/29/49⁽⁴⁾⁽⁷⁾

Mellon Capital IV, 6.244% to 6/20/12, 6/29/49⁽⁷⁾

SunTrust Preferred Capital I, 4.00%, 6/29/49⁽³⁾

Diversified Financial Services — 2.0%

GE Capital Trust I, 6.375% to 11/15/17, 11/15/67⁽⁷⁾

HSBC Finance Capital Trust IX, 5.911% to 11/30/15, 11/30/35⁽⁷⁾

Textron Financial Corp., 6.00% to 2/15/17, 2/15/67⁽⁴⁾⁽⁷⁾

ZFS Finance USA Trust V, 6.50% to 5/9/17, 5/9/37, 5/9/67^(4)(7)(8)

Principal

Amount

(000’s omitted)

Electric Utilities — 1.6%

Energisa SA, 9.50%, 1/29/49⁽⁴⁾

PPL Capital Funding, Inc., Series A, 6.70% to 3/30/17, 3/30/67⁽⁷⁾

Industrial Conglomerates — 0.6%

Hutchison Whampoa International 12, Ltd., 6.00% to 5/7/17, 5/29/49⁽⁴⁾⁽⁷⁾

Insurance — 3.2%

Allstate Corp. (The), 6.125% to 5/15/17, 5/15/37, 5/15/67⁽⁷⁾⁽⁸⁾

MetLife, Inc., 10.75% to 8/1/34, 8/1/39, 8/1/69⁽⁷⁾⁽⁸⁾

QBE Capital Funding II LP, 6.797% to 6/1/17, 6/29/49⁽⁴⁾⁽⁷⁾

QBE Capital Funding III, Ltd., 7.25% to 5/24/21, 5/24/41⁽⁴⁾⁽⁷⁾

Swiss Re Capital I, LP, 6.854% to 5/25/16, 5/29/49⁽⁴⁾⁽⁷⁾

XL Capital, Ltd., Series E, 6.50% to 4/15/17, 12/29/49⁽⁷⁾

Pipelines — 1.5%

Enterprise Products Operating, LLC, 7.00% to 6/1/17, 6/1/67⁽⁷⁾

Southern Union Co., 3.483%, 11/1/66⁽³⁾

Total Corporate Bonds & Notes
(identified cost $138,209,139)

Short-Term Investments — 3.3%

Eaton Vance Cash Reserves Fund, LLC, 0.10%⁽⁹⁾

Total Short-Term Investments
(identified cost $41,040,463)

Total Investments — 136.1%
(identified cost $1,540,736,100)

Other Assets, Less Liabilities — (36.1)%

Net Assets — 100.0%

ADR

United States

France

Bermuda

Switzerland

United Kingdom

Germany

Australia

Sweden

Italy

Cayman Islands

Brazil

Norway

Iceland

Total Investments

Deliver

In Exchange For

Counterparty

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)

Common Stocks

Consumer Discretionary

Consumer Staples

Energy

Financials

Health Care

Industrials

Information Technology

Materials

Telecommunication Services

Utilities

Total Common Stocks

Consumer Staples

Financials

Telecommunication Services

Utilities

Total Preferred Stocks

Corporate Bonds & Notes

Short-Term Investments

Total Investments

Forward Foreign Currency Exchange Contracts

Total