Aerospace & Defense — 2.8%

United Technologies Corp.⁽¹⁾

Air Freight & Logistics — 1.0%

C.H. Robinson Worldwide, Inc.⁽¹⁾

Banks — 9.1%

Citigroup, Inc.⁽¹⁾

JPMorgan Chase & Co.⁽¹⁾

KeyCorp⁽¹⁾

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

Wells Fargo & Co.⁽¹⁾

Beverages — 0.8%

Molson Coors Brewing Co., Class B

Biotechnology — 0.8%

Gilead Sciences, Inc.

Capital Markets — 6.0%

Affiliated Managers Group, Inc.⁽²⁾

Credit Suisse Group AG⁽¹⁾

Credit Suisse Group AG⁽³⁾⁽⁴⁾

Goldman Sachs Group, Inc. (The)⁽¹⁾

Invesco, Ltd.⁽¹⁾

Chemicals — 3.6%

Linde AG

PPG Industries, Inc.

Syngenta AG

Consumer Finance — 0.9%

Synchrony Financial⁽²⁾

Diversified Telecommunication Services — 1.7%

Verizon Communications, Inc.⁽¹⁾

Electric Utilities — 2.9%

Edison International⁽¹⁾

NextEra Energy, Inc.⁽¹⁾

Electrical Equipment — 0.9%

Hubbell, Inc., Class B

Energy Equipment & Services — 1.7%

Schlumberger, Ltd.⁽¹⁾

Food & Staples Retailing — 1.8%

Kroger Co. (The)⁽¹⁾

Food Products — 2.5%

General Mills, Inc.⁽¹⁾

Mondelez International, Inc., Class A⁽¹⁾

Health Care Equipment & Supplies — 2.7%

Medtronic PLC⁽¹⁾

Zimmer Biomet Holdings, Inc.

Industrial Conglomerates — 4.2%

General Electric Co.

Insurance — 6.5%

ACE, Ltd.⁽¹⁾

Aflac, Inc.⁽¹⁾

American Financial Group, Inc.⁽¹⁾

Prudential PLC

Unum Group

XL Group PLC⁽¹⁾

Internet Software & Services — 1.5%

Alphabet, Inc., Class C⁽¹⁾⁽²⁾

Life Sciences Tools & Services — 1.2%

Thermo Fisher Scientific, Inc.⁽¹⁾

Media — 1.0%

Walt Disney Co. (The)⁽¹⁾

Multi-Utilities — 2.6%

PG&E Corp.

Sempra Energy⁽¹⁾

Multiline Retail — 0.8%

Target Corp.

Oil, Gas & Consumable Fuels — 10.1%

Anadarko Petroleum Corp.⁽¹⁾

Chevron Corp.⁽¹⁾

Devon Energy Corp.⁽¹⁾

EOG Resources, Inc.

Exxon Mobil Corp.

Occidental Petroleum Corp.⁽¹⁾

Phillips 66

Range Resources Corp.

Pharmaceuticals — 8.5%

Allergan PLC⁽²⁾

Eli Lilly & Co.⁽¹⁾

Johnson & Johnson⁽¹⁾

Merck & Co., Inc.⁽¹⁾

Roche Holding AG PC

Teva Pharmaceutical Industries, Ltd. ADR⁽¹⁾

Real Estate Investment Trusts (REITs) — 4.5%

Equity Residential⁽¹⁾

Federal Realty Investment Trust

Post Properties, Inc.

Public Storage⁽¹⁾

Simon Property Group, Inc.

Semiconductors & Semiconductor Equipment — 2.0%

Intel Corp.⁽¹⁾

NXP Semiconductors NV⁽²⁾

Software — 3.0%

Microsoft Corp.⁽¹⁾

Oracle Corp.⁽¹⁾

Specialty Retail — 0.5%

Home Depot, Inc. (The)⁽¹⁾

Textiles, Apparel & Luxury Goods — 0.3%

Michael Kors Holdings, Ltd.⁽²⁾

Tobacco — 2.5%

Altria Group, Inc.⁽¹⁾

Reynolds American, Inc.⁽¹⁾

Total Common Stocks
(identified cost $1,209,165,722)

Preferred Stocks — 23.4%

Banks — 9.9%

AgriBank FCB, 6.875% to 1/1/24⁽⁵⁾

Barclays Bank PLC, 8.25% to 12/15/18⁽⁵⁾

Citigroup, Inc., Series K, 6.875% to 11/15/23⁽⁵⁾

CoBank ACB, Series F, 6.25% to 10/1/22⁽⁵⁾⁽⁶⁾

Farm Credit Bank of Texas, 6.75% to 9/15/23⁽⁵⁾⁽⁶⁾

Farm Credit Bank of Texas, Series 1, 10.00%⁽⁶⁾

First Tennessee Bank, 3.75%⁽⁶⁾⁽⁷⁾

JPMorgan Chase & Co., Series R, 6.00% to 8/1/23⁽⁵⁾

JPMorgan Chase & Co., Series X, 6.10% to 10/1/24⁽⁵⁾

JPMorgan Chase & Co., Series Y, 6.125%

KeyCorp, Series A, 7.75%

Regions Financial Corp., Series A, 6.375%

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

Standard Chartered PLC, 7.014% to 7/30/37⁽⁵⁾⁽⁶⁾

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 I, 5.80% to 9/15/23⁽⁵⁾

Zions Bancorporation, Series J, 7.20% to 9/15/23⁽⁵⁾

Capital Markets — 2.5%

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⁽⁵⁾

Morgan Stanley, Series G, 6.625%

State Street Corp., Series D, 5.90% to 3/15/24⁽⁵⁾

Consumer Finance — 1.5%

Capital One Financial Corp., Series B, 6.00%

Discover Financial Services, Series B, 6.50%

Diversified Financial Services — 1.4%

KKR Financial Holdings, LLC, Series A, 7.375%

RBS Capital Funding Trust VII, Series G, 6.08%

Electric Utilities — 2.2%

AES Gener SA, 8.375% to 6/18/19⁽⁵⁾⁽⁶⁾

Entergy Arkansas, Inc., 6.45%

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

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

Southern Co. (The), 6.25%

Food Products — 1.6%

Dairy Farmers of America, 7.875%⁽⁶⁾

Land O’Lakes, Inc., 8.00%⁽⁶⁾

Ocean Spray Cranberries, Inc., 6.25%⁽⁶⁾

Insurance — 0.6%

American Overseas Group, Ltd., Series A, 7.50% to 12/15/16⁽⁵⁾

Aspen Insurance Holdings, Ltd., 5.95% to 7/1/23⁽⁵⁾

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

Machinery — 1.1%

Stanley Black & Decker, Inc., 5.75%

Multi-Utilities — 0.1%

DTE Energy Co., Series C, 5.25%

Pipelines — 0.4%

NuStar Logistics LP, 7.625% to 1/15/18⁽⁵⁾

Real Estate Investment Trusts (REITs) — 1.2%

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

DDR Corp., Series J, 6.50%

DDR Corp., Series K, 6.25%

Vornado Realty Trust, Series K, 5.70%

Thrifts & Mortgage Finance — 0.9%

Elmira Savings Bank, 8.998% to 12/31/17⁽⁵⁾

EverBank Financial Corp., Series A, 6.75%

Total Preferred Stocks
(identified cost $357,734,792)

Banks — 4.9%

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

Bank of America Corp., Series AA, 6.10% to 3/17/25, 12/29/49⁽⁵⁾

Caixa Economica Federal, 7.25% to 7/23/19, 7/23/24⁽⁵⁾⁽⁶⁾

Credit Agricole SA, 7.875% to 1/23/24, 1/29/49⁽⁵⁾⁽⁶⁾

Credit Suisse Group AG, 6.25% to 12/18/24, 12/29/49⁽⁵⁾⁽⁶⁾

Deutsche Bank AG, 7.50% to 4/30/25, 12/29/49⁽⁵⁾

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

Lloyds Banking Group PLC, 7.50% to 6/27/24, 4/30/49⁽⁵⁾

Societe Generale SA, 8.25% to 11/29/18, 9/29/49⁽⁵⁾⁽⁸⁾

SunTrust Preferred Capital I, 4.00%, 6/29/49⁽⁷⁾

Diversified Financial Services — 0.6%

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

Textron Financial Corp., 6.00% to 2/15/17, 2/15/67⁽⁵⁾⁽⁶⁾

Diversified Telecommunication Services — 0.8%

Koninklijke KPN NV, 7.00% to 3/28/23, 3/28/73⁽⁵⁾⁽⁶⁾

Electric Utilities — 2.0%

AES Panama SA, 6.00%, 6/25/22⁽⁶⁾

Enel SpA, 8.75% to 9/24/23, 9/24/73⁽⁵⁾⁽⁶⁾

PPL Capital Funding, Inc., Series A, 6.70% to 3/30/17, 3/30/67⁽⁵⁾

Energy Equipment & Services — 0.1%

Abengoa Finance S.A.U., 7.75%, 2/1/20⁽⁶⁾

Insurance — 1.2%

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

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

QBE Capital Funding III, Ltd., 7.25% to 5/24/21, 5/24/41⁽⁵⁾⁽⁶⁾

XLIT, Ltd., Series E, 6.50% to 4/15/17, 10/29/49⁽⁵⁾

Metals & Mining — 0.7%

BHP Billiton Finance USA, Ltd., 6.75% to 10/19/25, 10/19/75⁽⁵⁾⁽⁶⁾

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⁽⁵⁾⁽⁶⁾

Telecommunications — 1.2%

Colombia Telecomunicaciones SA ESP, 8.50% to 3/30/20, 12/29/49⁽⁵⁾⁽⁶⁾

Total Corporate Bonds & Notes
(identified cost $206,183,981)

Exchange-Traded Funds — 2.5%

Equity Funds — 2.5%

iShares U.S. Preferred Stock ETF

Total Exchange-Traded Funds
(identified cost $39,428,522)

Rights — 0.0%⁽⁹⁾

Credit Suisse Group AG, Exp. 12/3/15⁽²⁾

Total Rights
(identified cost $0)

Short-Term Investments — 1.0%

Eaton Vance Cash Reserves Fund, LLC, 0.24%⁽¹⁰⁾

Total Short-Term Investments
(identified cost $15,018,626)

Total Investments — 127.0%
(identified cost $1,827,531,643)

Other Assets, Less Liabilities — (27.0)%

Net Assets — 100.0%

United States

Switzerland

United Kingdom

Ireland

Netherlands

France

Germany

Colombia

Israel

Italy

Brazil

Chile

Australia

Panama

Bermuda

Spain

Exchange-Traded Funds

Total Investments

ADR

PC

Aggregate cost

Gross unrealized appreciation

Gross unrealized depreciation

Net unrealized appreciation

Common Stock

Credit Suisse Group AG

Total Restricted Securities

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