Aerospace & Defense — 2.6%

United Technologies Corp.⁽¹⁾

Air Freight & Logistics — 1.8%

C.H. Robinson Worldwide, Inc.⁽¹⁾

Auto Components — 0.9%

Goodyear Tire & Rubber Co. (The)

Banks — 10.2%

JPMorgan Chase & Co.⁽¹⁾

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

U.S. Bancorp⁽¹⁾

Wells Fargo & Co.⁽¹⁾

Beverages — 1.3%

Molson Coors Brewing Co., Class B

Building Products — 0.8%

Masco Corp.

Capital Markets — 6.3%

Charles Schwab Corp. (The)

Credit Suisse Group AG⁽¹⁾

Credit Suisse Group AG⁽¹⁾⁽²⁾

Goldman Sachs Group, Inc. (The)

Invesco, Ltd.⁽¹⁾

Chemicals — 1.5%

PPG Industries, Inc.⁽¹⁾

Containers & Packaging — 0.5%

International Paper Co.

Diversified Telecommunication Services — 2.0%

Verizon Communications, Inc.⁽¹⁾

Electric Utilities — 2.2%

NextEra Energy, Inc.⁽¹⁾

Electrical Equipment — 2.0%

Hubbell, Inc.

Rockwell Automation, Inc.

Energy Equipment & Services — 1.5%

Schlumberger, Ltd.⁽¹⁾

Food & Staples Retailing — 1.4%

Kroger Co. (The)⁽¹⁾

Food Products — 2.4%

General Mills, Inc.⁽¹⁾

Kellogg Co.

Health Care Equipment & Supplies — 3.3%

Medtronic PLC⁽¹⁾

Zimmer Biomet Holdings, Inc.⁽¹⁾

Health Care Providers & Services — 1.2%

McKesson Corp.⁽¹⁾

Industrial Conglomerates — 4.3%

General Electric Co.⁽¹⁾

Insurance — 5.4%

Aflac, Inc.⁽¹⁾

Alleghany Corp.⁽³⁾

American Financial Group, Inc.⁽¹⁾

Chubb, Ltd.⁽¹⁾

MetLife, Inc.

Internet Software & Services — 1.3%

Alphabet, Inc., Class C⁽¹⁾⁽³⁾

IT Services — 1.4%

Visa, Inc., Class A

Life Sciences Tools & Services — 0.8%

Thermo Fisher Scientific, Inc.⁽¹⁾

Multi-Utilities — 3.4%

PG&E Corp.⁽¹⁾

Sempra Energy⁽¹⁾

Oil, Gas & Consumable Fuels — 8.9%

Chevron Corp.⁽¹⁾

EOG Resources, Inc.⁽¹⁾

Exxon Mobil Corp.

Occidental Petroleum Corp.⁽¹⁾

Royal Dutch Shell PLC, Class B ADR

Pharmaceuticals — 8.9%

Allergan PLC⁽³⁾

Eli Lilly & Co.

Johnson & Johnson⁽¹⁾

Pfizer, Inc.

Teva Pharmaceutical Industries, Ltd. ADR⁽¹⁾

Real Estate Investment Trusts (REITs) — 3.7%

Equity Residential⁽¹⁾

Federal Realty Investment Trust

Host Hotels & Resorts, Inc.

Semiconductors & Semiconductor Equipment — 1.9%

Intel Corp.⁽¹⁾

NXP Semiconductors NV⁽³⁾

Software — 3.9%

Microsoft Corp.⁽¹⁾

Oracle Corp.⁽¹⁾

Specialty Retail — 0.9%

Home Depot, Inc. (The)⁽¹⁾

Sally Beauty Holdings, Inc.⁽³⁾

Tobacco — 2.3%

Altria Group, Inc.⁽¹⁾

Reynolds American, Inc.⁽¹⁾

Total Common Stocks
(identified cost $1,193,162,399)

Preferred Stocks — 20.6%

Banks — 9.1%

AgriBank FCB, 6.875% to 1/1/24⁽⁴⁾

Barclays Bank PLC, 8.25% to 12/15/18⁽⁴⁾

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

Farm Credit Bank of Texas, 6.75% to 9/15/23⁽⁴⁾

Farm Credit Bank of Texas, Series 1, 10.00%

First Tennessee Bank, 3.75%⁽⁵⁾⁽⁶⁾

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

IBERIABANK Corp., 6.60% to 5/1/26⁽⁴⁾

JPMorgan Chase & Co., Series X, 6.10% to 10/1/24⁽⁴⁾

KeyCorp, Series A, 7.75% (Convertible)

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⁽⁴⁾⁽⁵⁾

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)

Zions Bancorporation, Series I, 5.80% to 9/15/23⁽⁴⁾

Zions Bancorporation, Series J, 7.20% to 9/15/23⁽⁴⁾

Capital Markets — 1.1%

Affiliated Managers Group, Inc., 6.375%

Goldman Sachs Group, Inc. (The), Series N, 6.30%

KKR & Co., LP, Series A, 6.75%

Morgan Stanley, Series G, 6.625%

State Street Corp., Series D, 5.90% to 3/15/24⁽⁴⁾

Consumer Finance — 1.6%

Capital One Financial Corp., Series B, 6.00%

Discover Financial Services, Series B, 6.50%

Diversified Financial Services — 0.7%

KKR Financial Holdings, LLC, Series A, 7.375%

Electric Utilities — 2.3%

AES Gener SA, 8.375% to 6/18/19⁽⁴⁾⁽⁵⁾

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%⁽⁵⁾

Land O’Lakes, Inc., 8.00%⁽⁵⁾

Ocean Spray Cranberries, Inc., 6.25%⁽⁵⁾

Insurance — 0.5%

American Overseas Group, Ltd., Series A, 7.50% to 12/15/16⁽⁴⁾⁽⁷⁾

Aspen Insurance Holdings, Ltd., 5.95% to 7/1/23⁽⁴⁾

Machinery — 1.1%

Stanley Black & Decker, Inc., 5.75%

Multi-Utilities — 0.1%

DTE Energy Co., Series C, 5.25%

Pipelines — 0.5%

NuStar Logistics LP, 7.625% to 1/15/18⁽⁴⁾

Real Estate Investment Trusts (REITs) — 1.0%

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 — 1.0%

Elmira Savings Bank, 8.998% to 12/31/17⁽⁴⁾

EverBank Financial Corp., Series A, 6.75%

Total Preferred Stocks
(identified cost $307,049,541)

Corporate Bonds & Notes — 13.7%

Banks — 6.0%

Banco do Brasil SA, 9.00% to 6/18/24, 6/29/49⁽⁴⁾⁽⁵⁾

Bank of America Corp., Series AA, 6.10% to 3/17/25, 12/29/49⁽⁴⁾

Caixa Economica Federal, 7.25% to 7/23/19, 7/23/24⁽⁴⁾⁽⁵⁾

Citigroup, Inc., Series T, 6.25% to 8/15/26, 12/29/49⁽⁴⁾

Credit Agricole SA, 7.875% to 1/23/24, 1/29/49⁽⁴⁾⁽⁵⁾

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

JPMorgan Chase & Co., Series Z, 5.30% to 5/1/20, 12/29/49⁽⁴⁾

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

Royal Bank of Scotland Group PLC, 8.00% to 8/10/25, 12/29/49⁽⁴⁾

Societe Generale SA, 8.25% to 11/29/18, 9/29/49⁽⁴⁾⁽⁸⁾

Capital Markets — 1.2%

Goldman Sachs Group, Inc. (The), 5.375% to 5/10/20, 12/29/49⁽⁴⁾

Morgan Stanley, 5.55% to 7/15/20, 12/29/49⁽⁴⁾

UBS Group AG, 6.875% to 8/7/25, 12/29/49⁽⁴⁾⁽⁸⁾

Diversified Financial Services — 1.0%

Cadence Financial Corp., 4.875%, 6/28/19⁽⁵⁾

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

Textron Financial Corp., 6.00% to 2/15/17, 2/15/67⁽⁴⁾⁽⁵⁾

Diversified Telecommunication Services — 0.4%

Koninklijke KPN NV, 7.00% to 3/28/23, 3/28/73⁽⁴⁾⁽⁵⁾

Electric Utilities — 1.6%

AES Panama SA, 6.00%, 6/25/22⁽⁵⁾

Enel SpA, 8.75% to 9/24/23, 9/24/73⁽⁴⁾⁽⁵⁾

NextEra Energy Capital Holdings, Inc., 7.30% to 9/1/17, 9/1/67⁽⁴⁾

Energy Equipment & Services — 0.0%⁽⁹⁾

Abengoa Finance S.A.U., 7.75%, 2/1/20^(5)(10)

Food Products — 0.2%

Land O’ Lakes, Inc., 8.00%, 12/29/49⁽⁵⁾

Insurance — 1.1%

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

Genworth Holdings, Inc., 6.515%, 5/22/18

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

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

Metals & Mining — 0.9%

BHP Billiton Finance USA, Ltd., 6.75% to 10/19/25, 10/19/75⁽⁴⁾⁽⁵⁾

Multi-Utilities — 0.1%

Dominion Resources, Inc., 5.75% to 10/1/24, 10/1/54⁽⁴⁾

Oil, Gas & Consumable Fuels — 0.0%⁽⁹⁾

Odebrecht Oil & Gas Finance, Ltd., 7.00% to 6/17/24, 12/29/49^(4)(5)(10)

Telecommunications — 1.2%

Colombia Telecomunicaciones SA ESP, 8.50% to 3/30/20, 12/29/49⁽⁴⁾⁽⁵⁾

Total Corporate Bonds & Notes
(identified cost $233,870,368)

Exchange-Traded Funds — 2.9%

Equity Funds — 2.9%

iShares U.S. Preferred Stock ETF

Total Exchange-Traded Funds
(identified cost $44,089,658)

Short-Term Investments — 1.7%

Eaton Vance Cash Reserves Fund, LLC, 0.51%⁽¹¹⁾

Total Short-Term Investments
(identified cost $26,069,747)

Total Investments — 127.9%
(identified cost $1,804,241,713)

Other Assets, Less Liabilities — (27.9)%

Net Assets — 100.0%

United States

United Kingdom

Netherlands

France

Israel

Switzerland

Colombia

Australia

Italy

Ireland

Chile

Brazil

Germany

Panama

Bermuda

Spain

Exchange-Traded Funds

Total Investments

ADR

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