Aerospace & Defense — 1.9%

United Technologies Corp.⁽¹⁾

Air Freight & Logistics — 1.5%

C.H. Robinson Worldwide, Inc.⁽¹⁾

Automobiles — 0.7%

Toyota Motor Corp.⁽¹⁾

Banks — 7.6%

JPMorgan Chase & Co.⁽¹⁾

Lloyds Banking Group PLC⁽¹⁾

Mitsubishi UFJ Financial Group, Inc.⁽¹⁾

Natixis SA⁽¹⁾

Wells Fargo & Co.⁽¹⁾

Beverages — 4.2%

Anheuser-Busch InBev SA/NV⁽¹⁾

Constellation Brands, Inc., Class A⁽¹⁾

Diageo PLC⁽¹⁾

Biotechnology — 2.6%

Celgene Corp.⁽¹⁾⁽²⁾

Gilead Sciences, Inc.⁽¹⁾

Capital Markets — 2.4%

Azimut Holding SpA⁽¹⁾

Credit Suisse Group AG⁽¹⁾

Credit Suisse Group AG⁽¹⁾⁽³⁾

Chemicals — 2.6%

LyondellBasell Industries NV, Class A⁽¹⁾

PPG Industries, Inc.⁽¹⁾

Commercial Services & Supplies — 1.3%

Brambles, Ltd.⁽¹⁾

Consumer Finance — 3.6%

Discover Financial Services⁽¹⁾

Synchrony Financial⁽¹⁾⁽²⁾

Diversified Financial Services — 0.5%

Banca Mediolanum SpA

Diversified Telecommunication Services — 1.8%

Nippon Telegraph & Telephone Corp.⁽¹⁾

Electric Utilities — 1.6%

NextEra Energy, Inc.⁽¹⁾

Electrical Equipment — 1.1%

Nidec Corp.⁽¹⁾

Electronic Equipment, Instruments & Components — 0.5%

Yaskawa Electric Corp.

Energy Equipment & Services — 1.2%

Schlumberger, Ltd.⁽¹⁾

Food Products — 2.3%

Kerry Group PLC, Class A

Mondelez International, Inc., Class A⁽¹⁾

Health Care Equipment & Supplies — 1.5%

Medtronic PLC⁽¹⁾

Health Care Providers & Services — 0.3%

McKesson Corp.

Hotels, Restaurants & Leisure — 0.7%

Accor SA⁽¹⁾

Household Durables — 0.5%

Newell Rubbermaid, Inc.

Household Products — 1.3%

Reckitt Benckiser Group PLC⁽¹⁾

Industrial Conglomerates — 2.7%

General Electric Co.⁽¹⁾

Insurance — 5.2%

Aflac, Inc.⁽¹⁾

Chubb, Ltd.⁽¹⁾

Prudential PLC⁽¹⁾

St. James’s Place PLC⁽¹⁾

Internet & Catalog Retail — 1.5%

Amazon.com, Inc.⁽¹⁾⁽²⁾

Internet Software & Services — 7.1%

Alibaba Group Holding, Ltd. ADR⁽²⁾

Alphabet, Inc., Class C⁽¹⁾⁽²⁾

Facebook, Inc., Class A⁽¹⁾⁽²⁾

IT Services — 3.0%

Visa, Inc., Class A⁽¹⁾

Worldpay Group PLC⁽²⁾⁽⁴⁾

Machinery — 0.6%

FANUC Corp.

Melrose Industries PLC⁽¹⁾

Media — 1.6%

Live Nation Entertainment, Inc.⁽²⁾

Walt Disney Co. (The)⁽¹⁾

Multi-Utilities — 1.8%

National Grid PLC⁽¹⁾

Sempra Energy⁽¹⁾

Multiline Retail — 1.3%

Dollar General Corp.⁽¹⁾

Oil, Gas & Consumable Fuels — 7.1%

Devon Energy Corp.⁽¹⁾

Exxon Mobil Corp.⁽¹⁾

Occidental Petroleum Corp.⁽¹⁾

Phillips 66⁽¹⁾

Range Resources Corp.

Royal Dutch Shell PLC, Class B⁽¹⁾

Personal Products — 1.3%

Estee Lauder Cos., Inc. (The), Class A⁽¹⁾

Pharmaceuticals — 9.3%

Bayer AG⁽¹⁾

Novo Nordisk A/S, Class B

Perrigo Co. PLC⁽¹⁾

Roche Holding AG PC⁽¹⁾

Sanofi⁽¹⁾

Shire PLC ADR

Teva Pharmaceutical Industries, Ltd. ADR⁽¹⁾

Professional Services — 1.2%

Verisk Analytics, Inc.⁽¹⁾⁽²⁾

Road & Rail — 1.1%

Union Pacific Corp.

Semiconductors & Semiconductor Equipment — 1.9%

ASML Holding NV

Infineon Technologies AG

NXP Semiconductors NV⁽¹⁾⁽²⁾

Software — 0.7%

Microsoft Corp.

Specialty Retail — 5.0%

Dixons Carphone PLC

Home Depot, Inc. (The)⁽¹⁾

Industria de Diseno Textil SA

Lowe’s Cos., Inc.⁽¹⁾

Technology Hardware, Storage & Peripherals — 1.6%

Apple, Inc.⁽¹⁾

Textiles, Apparel & Luxury Goods — 4.5%

LVMH Moet Hennessy Louis Vuitton SE⁽¹⁾

NIKE, Inc., Class B⁽¹⁾

Pandora A/S⁽¹⁾

Tobacco — 2.9%

Altria Group, Inc.⁽¹⁾

Imperial Tobacco Group PLC⁽¹⁾

Reynolds American, Inc.

Wireless Telecommunication Services — 1.4%

Vodafone Group PLC⁽¹⁾

Total Common Stocks
(identified cost $295,707,052)

Preferred Stocks — 19.8%

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⁽⁴⁾⁽⁵⁾

Farm Credit Bank of Texas, 6.75% to 9/15/23⁽⁴⁾⁽⁵⁾

Farm Credit Bank of Texas, Series 1, 10.00%⁽⁴⁾

First Tennessee Bank, 3.75%⁽⁴⁾⁽⁶⁾

JPMorgan Chase & Co., Series O, 5.50%

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% (Convertible)

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

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⁽⁵⁾

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

Capital Markets — 1.7%

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 — 1.2%

Capital One Financial Corp., Series B, 6.00%

Discover Financial Services, Series B, 6.50%

Diversified Financial Services — 0.3%

KKR Financial Holdings, LLC, Series A, 7.375%

Electric Utilities — 2.6%

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 California Edison Co., Series E, 6.25% to 2/1/22⁽⁵⁾

Southern Co. (The), 6.25%

Food Products — 1.5%

Dairy Farmers of America, 7.875%⁽⁴⁾

Land O’Lakes, Inc., 8.00%⁽⁴⁾

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

Machinery — 0.4%

Stanley Black & Decker, Inc., 5.75%

Multi-Utilities — 0.1%

DTE Energy Co., Series C, 5.25%

Pipelines — 0.3%

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

Real Estate Investment Trusts (REITs) — 1.0%

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

DDR Corp., Series J, 6.50%

Vornado Realty Trust, Series K, 5.70%

Thrifts & Mortgage Finance — 0.8%

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

EverBank Financial Corp., Series A, 6.75%

Total Preferred Stocks
(identified cost $59,245,423)

Corporate Bonds & Notes — 11.3%

Banks — 5.8%

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⁽⁵⁾

BNP Paribas SA, 7.375% to 8/19/25, 12/29/49⁽⁴⁾⁽⁵⁾

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

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

Credit Suisse Group AG, 6.25% to 12/18/24, 12/29/49⁽⁴⁾⁽⁵⁾

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⁾

Royal Bank of Scotland Group PLC, 8.00% to 8/10/25, 12/29/49⁽⁵⁾

Societe Generale SA, 8.25% to 11/29/18, 9/29/49⁽⁵⁾⁽⁷⁾

Diversified Financial Services — 0.5%

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 — 0.6%

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

Electric Utilities — 1.8%

AES Panama SA, 6.00%, 6/25/22⁽⁴⁾

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

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⁽⁴⁾

Insurance — 1.1%

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⁽⁴⁾⁽⁵⁾

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

Metals & Mining — 0.6%

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

Freeport-McMoRan, Inc., 3.55%, 3/1/22

Oil, Gas & Consumable Fuels — 0.1%

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

Telecommunications — 0.7%

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

Total Corporate Bonds & Notes
(identified cost $40,627,490)

Exchange-Traded Funds — 0.4%

Equity Funds — 0.4%

iShares U.S. Preferred Stock ETF

Total Exchange-Traded Funds
(identified cost $1,220,196)

Short-Term Investments — 0.4%

Eaton Vance Cash Reserves Fund, LLC, 0.40%⁽⁸⁾

Total Short-Term Investments
(identified cost $1,169,204)

Total Investments — 136.4%
(identified cost $397,969,365)

Other Assets, Less Liabilities — (36.4)%

Net Assets — 100.0%

United States

United Kingdom

France

Japan

Switzerland

Netherlands

Ireland

Germany

Australia