Aerospace & Defense — 2.4%

Honeywell International, Inc.

United Technologies Corp.

Capital Markets — 1.0%

Goldman Sachs Group, Inc. (The)

Chemicals — 2.8%

BASF SE

LyondellBasell Industries NV, Class A

PPG Industries, Inc.

Commercial Banks — 6.9%

Barclays PLC

Natixis

PNC Financial Services Group, Inc. (The)

Regions Financial Corp.

Wells Fargo & Co.⁽¹⁾

Computers & Peripherals — 0.7%

Apple, Inc.⁽¹⁾

Construction & Engineering — 1.4%

Bouygues SA

Impregilo SpA

Consumer Finance — 1.8%

Discover Financial Services

Diversified Financial Services — 4.6%

Citigroup, Inc.⁽¹⁾

JPMorgan Chase & Co.⁽¹⁾

Diversified Telecommunication Services — 6.2%

AT&T, Inc.

Bezeq Israeli Telecommunication Corp., Ltd.

Deutsche Telekom AG

Telenor ASA

Turk Telekomunikasyon AS

Vivendi SA

Electric Utilities — 4.1%

Edison International⁽¹⁾

NextEra Energy, Inc.⁽¹⁾

Electrical Equipment — 2.1%

Emerson Electric Co.

Generac Holdings, Inc.

Schneider Electric SA

Food Products — 2.5%

Kraft Foods Group, Inc.⁽¹⁾

Mondelez International, Inc., Class A⁽¹⁾

Nestle SA⁽¹⁾

Gas Utilities — 1.4%

Snam Rete Gas SpA

Health Care Equipment & Supplies — 1.8%

Abbott Laboratories

Covidien PLC

Hotels, Restaurants & Leisure — 1.5%

McDonald’s Corp.⁽¹⁾

Industrial Conglomerates — 0.4%

General Electric Co.

Insurance — 4.7%

ACE, Ltd.

Aflac, Inc.

AXA SA

Muenchener Rueckversicherungs-Gesellschaft AG

Swiss Reinsurance Co., Ltd.⁽²⁾

Zurich Insurance Group AG⁽²⁾

IT Services — 1.7%

International Business Machines Corp.⁽¹⁾

Machinery — 0.8%

Deere & Co.

Media — 1.5%

Comcast Corp., Class A

Lagardere SCA

Walt Disney Co. (The)⁽¹⁾

Metals & Mining — 1.3%

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

Multi-Utilities — 3.0%

E.ON AG

Sempra Energy⁽¹⁾

Oil, Gas & Consumable Fuels — 12.7%

Chevron Corp.⁽¹⁾

ENI SpA

Exxon Mobil Corp.⁽¹⁾

HollyFrontier Corp.

Marathon Oil Corp.

Occidental Petroleum Corp.⁽¹⁾

Statoil ASA

Pharmaceuticals — 7.6%

AstraZeneca PLC

Johnson & Johnson⁽¹⁾

Merck & Co., Inc.⁽¹⁾

Pfizer, Inc.⁽¹⁾

Roche Holding AG PC

Sanofi

Real Estate Investment Trusts (REITs) — 1.7%

AvalonBay Communities, Inc.⁽¹⁾

Public Storage, Inc.

Road & Rail — 2.2%

Union Pacific Corp.⁽¹⁾

Software — 3.2%

Microsoft Corp.⁽¹⁾

Oracle Corp.⁽¹⁾

Specialty Retail — 1.5%

Hennes & Mauritz AB, Class B

Home Depot, Inc. (The)

Tobacco — 0.7%

Swedish Match AB

Wireless Telecommunication Services — 1.1%

Tele2 AB⁽²⁾

Tele2 AB, Class B

US Cellular Corp.⁽²⁾

Total Common Stocks
(identified cost $1,013,810,791)

Preferred Stocks — 31.8%

Banks — 0.8%

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

Capital Markets — 2.1%

Affiliated Managers Group, Inc., 6.375%

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

Bank of New York Mellon Corp. (The), Series D, 4.50% to 6/20/23⁽³⁾

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⁾

State Street Corp., Series C, 5.25%

Commercial Banks — 11.1%

Barclays Bank PLC, 7.625%

CBA Capital Trust II, 6.024% to 3/15/16^(1)(3)(4)

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

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

Deutsche Bank Contingent Capital Trust III, 7.60%

Farm Credit Bank of Texas, Series 1, 10.00%

First Republic Bank, Series B, 6.20%

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⁾

KeyCorp, Series A, 7.75%

Landsbanki Islands HF, 7.431%^{(2)(4)(5)(6)(7)}

Regions Financial Corp., Series A, 6.375%

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%

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⁾

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 — 3.4%

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%⁽²⁾

UBS AG, 7.625%⁽¹⁾

Electric Utilities — 3.7%

Duke Energy Corp., 5.125%

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 — 1.1%

Dairy Farmers of America, 7.875%⁽⁴⁾

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

Insurance — 2.5%

American Overseas Group, Ltd., Series A, 7.50% to 12/15/16⁽²⁾⁽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⁾

RenaissanceRe Holdings, Ltd., Series D, 6.60%

Machinery — 0.9%

Stanley Black & Decker, Inc., 5.75%

Multi-Utilities — 0.5%

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) — 2.2%

Boston Properties, Inc., Series B, 5.25%

CapLease, Inc., Series A, 8.125%

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%⁽²⁾

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

Taubman Centers, Inc., Series K, 6.25%⁽²⁾

Telecommunications — 0.4%

Centaur Funding Corp., 9.08%⁽⁴⁾

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 $459,534,323)

Corporate Bonds & Notes — 9.3%

Chemicals — 0.1%

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

Commercial Banks — 1.5%

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

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

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

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

Regions Bank, 6.45%, 6/26/37⁽¹⁾

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

Diversified Financial Services — 1.1%

HSBC Finance Capital Trust IX, 5.911% to 11/30/15, 11/30/35⁽³⁾

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 — 1.0%

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⁾

Insurance — 3.6%

Allstate Corp. (The), Series B, 6.125% to 5/15/17, 5/15/37, 5/15/67⁽³⁾⁽⁸⁾

MetLife, Inc., 10.75% to 8/1/34, 8/1/39, 8/1/69^(1)(3)(8)

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^(1)(3)(4)

Swiss Re Capital I, LP, 6.854% to 5/25/16, 5/29/49^(1)(3)(4)

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

Pipelines — 1.0%

DCP Midstream, LLC, 5.85% to 5/1/23, 5/21/43⁽³⁾⁽⁴⁾

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

Southern Union Co., 3.292%, 11/1/66⁽⁵⁾

Total Corporate Bonds & Notes
(identified cost $118,014,280)

Short-Term Investments — 3.8%

Eaton Vance Cash Reserves Fund, LLC, 0.11%⁽⁹⁾

Total Short-Term Investments
(identified cost $56,089,281)

Total Investments — 130.2%
(identified cost $1,647,448,675)

Other Assets, Less Liabilities — (30.2)%

Net Assets — 100.0%

PC

Country

United States

France

Switzerland

Germany

Italy

Sweden

United Kingdom

Norway

Cayman Islands

Bermuda

Netherlands

Ireland

Australia

Israel

Turkey

Brazil

China

Iceland

Total Investments

Deliver

In Exchange For

Counterparty