Aerospace & Defense — 3.1%

Boeing Co. (The)

United Technologies Corp.

Capital Markets — 2.1%

Morgan Stanley⁽¹⁾

Chemicals — 3.5%

CF Industries Holdings, Inc.

LyondellBasell Industries NV, Class A

PPG Industries, Inc.

Commercial Banks — 6.3%

Natixis

PNC Financial Services Group, Inc. (The)

Regions Financial Corp.⁽¹⁾

Wells Fargo & Co.⁽¹⁾

Communications Equipment — 0.9%

Cisco Systems, Inc.

Computers & Peripherals — 2.3%

Apple, Inc.

Hewlett-Packard Co.

Consumer Finance — 2.0%

Discover Financial Services

Diversified Financial Services — 6.5%

Bank of America Corp.

Citigroup, Inc.⁽¹⁾

JPMorgan Chase & Co.⁽¹⁾

Diversified Telecommunication Services — 1.4%

AT&T, Inc.

Bezeq Israeli Telecommunication Corp., Ltd.

Electric Utilities — 3.9%

Edison International⁽¹⁾

NextEra Energy, Inc.⁽¹⁾

Electrical Equipment — 0.9%

Emerson Electric Co.

Electronic Equipment, Instruments & Components — 1.1%

Corning, Inc.

Food Products — 3.4%

Kraft Foods Group, Inc.⁽¹⁾

Mondelez International, Inc., Class A⁽¹⁾

Nestle SA⁽¹⁾

Health Care Equipment & Supplies — 3.4%

Abbott Laboratories

Covidien PLC⁽¹⁾

Medtronic, Inc.

Hotels, Restaurants & Leisure — 1.7%

McDonald’s Corp.⁽¹⁾

Industrial Conglomerates — 1.1%

General Electric Co.

Koninklijke Philips NV

Insurance — 5.7%

ACE, Ltd.

Aflac, Inc.⁽¹⁾

AXA SA

MetLife, Inc.

Machinery — 0.9%

Caterpillar, Inc.

Media — 3.4%

Comcast Corp., Class A⁽¹⁾

Walt Disney Co. (The)⁽¹⁾

Metals & Mining — 1.0%

Freeport-McMoRan Copper & Gold, Inc.⁽¹⁾

Multi-Utilities — 5.3%

GDF Suez

National Grid PLC

Sempra Energy⁽¹⁾

Oil, Gas & Consumable Fuels — 11.7%

Chevron Corp.⁽¹⁾

ENI SpA

Exxon Mobil Corp.⁽¹⁾

Marathon Oil Corp.

Occidental Petroleum Corp.⁽¹⁾

Phillips 66

Total SA

Pharmaceuticals — 8.3%

AstraZeneca PLC

Johnson & Johnson⁽¹⁾

Merck & Co., Inc.⁽¹⁾

Pfizer, Inc.⁽¹⁾

Roche Holding AG PC

Sanofi

Real Estate Investment Trusts (REITs) — 2.3%

AvalonBay Communities, Inc.⁽¹⁾

Public Storage, Inc.

Road & Rail — 2.3%

Union Pacific Corp.⁽¹⁾

Semiconductors & Semiconductor Equipment — 0.5%

Analog Devices, Inc.

Software — 1.0%

Microsoft Corp.⁽¹⁾

Specialty Retail — 1.2%

Home Depot, Inc. (The)⁽¹⁾

Trading Companies & Distributors — 0.9%

Wolseley PLC⁽²⁾

Total Common Stocks
(identified cost $1,052,118,947)

Preferred Stocks — 28.5%

Banks — 1.4%

AgriBank FCB, 6.875% to 1/1/24⁽²⁾⁽³⁾

Lloyds Banking Group PLC, 6.657% to 5/21/37^(1)(3)(4)

Capital Markets — 1.6%

Affiliated Managers Group, Inc., 6.375%

Bank of New York Mellon Corp. (The), 5.20%

Charles Schwab Corp. (The), Series A, 7.00% to 2/1/22⁽¹⁾⁽³⁾

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

Goldman Sachs Group, Inc. (The), Series J, 5.50% to 5/10/23⁽³⁾

Commercial Banks — 11.0%

Barclays PLC, 8.125% to 9/19/18⁽³⁾⁽⁴⁾

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

Citigroup, Inc., Series B, 5.90% to 2/15/23⁽³⁾

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

Credit Agricole SA, 8.125% to 9/19/18⁽³⁾⁽⁴⁾

Deutsche Bank Contingent Capital Trust III, 7.60%

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^(1)(3)(4)

JPMorgan Chase & Co., Series 1, 7.90% to 4/30/18⁽¹⁾⁽³⁾

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

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

KeyCorp, Series A, 7.75%

Regions Financial Corp., Series A, 6.375%

Royal Bank of Scotland Group PLC, Series 1, 7.648% to 9/30/31⁽³⁾

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

Standard Chartered PLC, 7.014% to 7/30/37^(1)(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 J, 7.20% to 9/15/23⁽³⁾

Consumer Finance — 1.5%

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 — 3.1%

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

General Electric Capital Corp., Series A, 7.125% to 6/15/22⁽³⁾

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%

UBS AG, 7.625%⁽¹⁾

Electric Utilities — 3.0%

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

Southern California Edison Co., Series D, 6.50%

Southern California Edison Co., Series E, 6.25% to 2/1/22⁽¹⁾⁽³⁾

Virginia Electric and Power Co., 6.12%

Food Products — 1.0%

Dairy Farmers of America, 7.875%⁽⁴⁾

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

Insurance — 2.0%

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%

Prudential PLC, 6.50%⁽¹⁾

Machinery — 0.8%

Stanley Black & Decker, Inc., 5.75%

Multi-Utilities — 0.2%

DTE Energy Co., Series C, 5.25%

Pipelines — 0.5%

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

Real Estate Investment Trusts (REITs) — 1.4%

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%

Taubman Centers, Inc., Series K, 6.25%

Telecommunications — 0.2%

Centaur Funding Corp., 9.08%⁽⁴⁾

Thrifts & Mortgage Finance — 0.8%

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

EverBank Financial Corp., Series A, 6.75%

Total Preferred Stocks
(identified cost $437,854,855)

Corporate Bonds & Notes — 9.4%

Principal

Amount

(000’s omitted)

Chemicals — 0.2%

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

Commercial Banks — 1.6%

Banco do Brasil SA, 6.25% to 4/15/24, 12/29/49⁽³⁾⁽⁴⁾

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

Credit Suisse AG, 6.50%, 8/8/23⁽⁴⁾

Groupe BPCE, 12.50% to 9/30/19, 8/29/49^(1)(3)(4)

Regions Financial Corp., 7.375%, 12/10/37

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

Diversified Financial Services — 0.8%

Textron Financial Corp., 6.00% to 2/15/17, 2/15/67^(1)(3)(4)

Diversified Telecommunication Services — 0.5%

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

Electric Utilities — 1.5%

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⁽¹⁾⁽³⁾

Industrial Conglomerates — 0.5%

Hutchison Whampoa International 12, Ltd., 6.00% to 5/7/17, 5/29/49⁽³⁾⁽⁴⁾

Principal

Amount

(000’s omitted)

Insurance — 3.2%

Allstate Corp. (The), 5.75% to 8/15/23, 8/15/53⁽³⁾

Allstate Corp. (The), Series B, 6.125% to 5/15/17, 5/15/37, 5/15/67⁽³⁾⁽⁶⁾

MetLife Capital Trust IV, 7.875%, 12/15/67⁽⁴⁾

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

Swiss Re Capital I, LP, 6.854% to 5/25/16, 5/25/49^(1)(3)(4)

XL Capital, Ltd., Series E, 6.50% to 4/15/17, 12/29/49⁽¹⁾⁽³⁾

Pipelines — 1.1%

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

Energy Transfer Partners, LP, 3.259%, 11/1/66⁽⁴⁾⁽⁵⁾

Enterprise Products Operating, LLC, 7.00% to 6/1/17, 6/1/67⁽¹⁾⁽³⁾

Total Corporate Bonds & Notes
(identified cost $129,806,880)

Short-Term Investments — 1.3%

Interest

(000’s omitted)

Eaton Vance Cash Reserves Fund, LLC, 0.12%⁽⁷⁾

Total Short-Term Investments
(identified cost $19,653,853)

Total Investments — 127.3%
(identified cost $1,639,434,535)

Other Assets, Less Liabilities — (27.3)%

Net Assets — 100.0%

PC

Percentage of

Total Investments

United States

France

Switzerland

United Kingdom

Italy

Ireland

Cayman Islands

Bermuda

Netherlands

Australia

Israel

China

Brazil

Total Investments

Settlement Date

Deliver

In Exchange For

Counterparty

Euro

30,272,000

Euro

30,272,000

Euro

30,272,000

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