Aerospace & Defense — 3.0%

Boeing Co. (The)

United Technologies Corp.⁽¹⁾

Automobiles — 2.0%

Toyota Motor Corp.

Beverages — 1.6%

Anheuser-Busch InBev NV⁽¹⁾

Capital Markets — 1.4%

Credit Suisse Group AG⁽²⁾

Chemicals — 5.0%

BASF SE

CF Industries Holdings, Inc.

E.I. du Pont de Nemours & Co.

LyondellBasell Industries N.V., Class A

PPG Industries, Inc.⁽¹⁾

Commercial Banks — 11.0%

Bank Pekao SA

Barclays PLC

BNP Paribas

DNB ASA

Natixis

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

Sumitomo Mitsui Financial Group, Inc.

Wells Fargo & Co.

Communications Equipment — 0.8%

Cisco Systems, Inc.

Construction & Engineering — 1.2%

Impregilo SpA

Vinci SA

Consumer Finance — 1.7%

Discover Financial Services

Diversified Financial Services — 4.1%

Bank of America Corp.

Citigroup, Inc.⁽¹⁾

JPMorgan Chase & Co.⁽¹⁾

Diversified Telecommunication Services — 4.6%

Bezeq Israeli Telecommunication Corp., Ltd.

Deutsche Telekom AG

Nippon Telegraph & Telephone Corp.

Telenor ASA

Electric Utilities — 2.0%

Edison International

SSE PLC

Electrical Equipment — 1.9%

Emerson Electric Co.

Generac Holdings, Inc.

Electronic Equipment, Instruments & Components — 1.2%

Corning, Inc.

Energy Equipment & Services — 1.7%

Schlumberger, Ltd.⁽¹⁾

Food Products — 3.4%

Kraft Foods Group, Inc.

Mondelez International, Inc., Class A

Nestle SA ADR⁽¹⁾

Orkla ASA

Gas Utilities — 1.7%

Snam Rete Gas SpA

Health Care Equipment & Supplies — 1.5%

Abbott Laboratories

Covidien PLC

Hotels, Restaurants & Leisure — 1.2%

McDonald’s Corp.⁽¹⁾

Household Products — 1.5%

Svenska Cellulosa AB, Class B

Insurance — 3.1%

Aflac, Inc.⁽¹⁾

Allianz SE

AXA SA

MetLife, Inc.

IT Services — 4.3%

Accenture PLC, Class A⁽¹⁾

International Business Machines Corp.⁽¹⁾

Machinery — 1.6%

Deere & Co.⁽¹⁾

Media — 2.5%

Walt Disney Co. (The)⁽¹⁾

WPP PLC

Metals & Mining — 2.5%

BHP Billiton PLC

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

KGHM Polska Miedz SA

Multi-Utilities — 3.6%

National Grid PLC⁽¹⁾

Sempra Energy⁽¹⁾

Oil, Gas & Consumable Fuels — 7.7%

Chevron Corp.⁽¹⁾

ENI SpA⁽¹⁾

Exxon Mobil Corp.

HollyFrontier Corp.

Occidental Petroleum Corp.⁽¹⁾

Phillips 66⁽¹⁾

Pharmaceuticals — 7.6%

AstraZeneca PLC

Merck & Co., Inc.

Pfizer, Inc.⁽¹⁾

Roche Holding AG PC⁽¹⁾

Sanofi⁽¹⁾

Real Estate Investment Trusts (REITs) — 0.8%

AvalonBay Communities, Inc.⁽¹⁾

Road & Rail — 1.4%

Union Pacific Corp.⁽¹⁾

Semiconductors & Semiconductor Equipment — 0.4%

Analog Devices, Inc.

Software — 3.5%

Microsoft Corp.⁽¹⁾

Oracle Corp.⁽¹⁾

Specialty Retail — 4.1%

Home Depot, Inc. (The)⁽¹⁾

Industria de Diseno Textil SA

Kingfisher PLC

Textiles, Apparel & Luxury Goods — 2.0%

Adidas AG⁽¹⁾

Tobacco — 3.4%

British American Tobacco PLC

Japan Tobacco, Inc.

Swedish Match AB

Trading Companies & Distributors — 0.2%

Mitsui & Co., Ltd.

Total Common Stocks
(identified cost $296,082,002)

Preferred Stocks — 22.6%

Banks — 0.5%

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

Capital Markets — 0.9%

Affiliated Managers Group, Inc., 6.375%

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

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

Goldman Sachs Group, Inc. (The), Series J, 5.50% to 5/10/23⁽⁴⁾

State Street Corp., Series C, 5.25%

Commercial Banks — 8.1%

Barclays Bank PLC, 7.625% ⁽¹⁾

Citigroup, Inc., Series B, 5.90% to 2/15/23⁽⁴⁾

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, 6.75% to 9/15/23^(2)(3)(4)

Farm Credit Bank of Texas, Series 1, 10.00%

First Republic Bank, Series B, 6.20%

First Tennessee Bank, 3.75%⁽³⁾⁽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⁾⁽⁴⁾

JPMorgan Chase & Co., Series O, 5.50%

JPMorgan Chase & Co., Series Q, 5.15% to 5/1/23⁽⁴⁾

KeyCorp, Series A, 7.75%

Landsbanki Islands HF, 7.431%^{(2)(3)(5)(6)(7)}

Regions Financial Corp., Series A, 6.375%

Royal Bank of Scotland Group PLC, Series 1, 7.648% to 9/30/31⁽⁴⁾

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⁽⁴⁾

Consumer Finance — 1.2%

Ally Financial, Inc., Series A, 8.50% to 5/15/16⁽⁴⁾

Capital One Financial Corp., Series B, 6.00%

Discover Financial Services, Series B, 6.50%

Diversified Financial Services — 2.5%

Bank of America Corp., Series U, 5.20% to 6/1/23⁽⁴⁾

General Electric Capital Corp., Series A, 7.125% to 6/15/22⁽¹⁾⁽⁴⁾

General Electric Capital Corp., Series B, 6.25% to 12/15/22⁽¹⁾⁽⁴⁾

KKR Financial Holdings, LLC, Series A, 7.375%

RBS Capital Funding Trust VII, Series G, 6.08%

UBS AG, 7.625%⁽¹⁾

Electric Utilities — 2.9%

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⁾⁽⁴⁾

Virginia Electric and Power Co., 6.12%

Food Products — 0.8%

Dairy Farmers of America, 7.875%⁽³⁾

Ocean Spray Cranberries, Inc., 6.25%⁽³⁾

Insurance — 1.9%

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

Aspen Insurance Holdings, Ltd., 7.25%

Aspen Insurance Holdings, Ltd., 7.401% to 1/1/17⁽⁴⁾

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

Montpelier Re Holdings, Ltd., 8.875%

Prudential PLC, 6.50%⁽¹⁾

Machinery — 0.6%

Stanley Black & Decker, Inc., 5.75%

Multi-Utilities — 0.3%

DTE Energy Co., Series C, 5.25%

Pipelines — 0.4%

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

Real Estate Investment Trusts (REITs) — 1.6%

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%

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

Taubman Centers, Inc., Series K, 6.25%

Telecommunications — 0.2%

Centaur Funding Corp., 9.08%⁽³⁾

Thrifts & Mortgage Finance — 0.7%

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

EverBank Financial Corp., Series A, 6.75%

Total Preferred Stocks
(identified cost $79,610,935)

Corporate Bonds & Notes — 6.2%

Chemicals — 0.1%

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

Commercial Banks — 1.1%

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

Banco Industriale Comercial SA, 8.50%, 4/27/20⁽³⁾

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 — 0.7%

HSBC Finance Capital Trust IX, 5.911% to 11/30/15, 11/30/35⁽¹⁾⁽⁴⁾

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

Diversified Telecommunication Services — 0.4%

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

Electric Utilities — 0.9%

PPL Capital Funding, Inc., Series A, 6.70% to 3/30/17, 3/30/67⁽¹⁾⁽⁴⁾

Insurance — 2.2%

MetLife Capital Trust IV, 7.875%, 12/15/67⁽³⁾

MetLife, Inc., 10.75% to 8/1/34, 8/1/39, 8/1/69^(1)(4)(8)

QBE Capital Funding II, LP, 6.797% to 6/1/17, 6/29/49^(1)(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, 5/25/49^(1)(3)(4)

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

Pipelines — 0.8%

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

Energy Transfer Partners, LP, 3.29%, 11/1/66⁽³⁾⁽⁵⁾

Enterprise Products Operating, LLC, 7.00% to 6/1/17, 6/1/67⁽¹⁾⁽⁴⁾

Total Corporate Bonds & Notes
(identified cost $20,028,952)

Short-Term Investments — 3.4%

Interest

(000’s omitted)

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

Total Short-Term Investments
(identified cost $12,031,728)

Total Investments — 133.4%
(identified cost $407,753,617)

Other Assets, Less Liabilities — (33.4)%

Net Assets — 100.0%

ADR

PC

Percentage of

Total Investments

United States

United Kingdom

France

Japan

Germany

Italy

Switzerland