Aerospace & Defense — 1.4%

Honeywell International, Inc.

United Technologies Corp.

Automobiles — 0.2%

Bayerische Motoren Werke AG

Beverages — 2.6%

Anheuser-Busch InBev NV

Building Products — 0.9%

Compagnie de Saint-Gobain

Chemicals — 4.0%

Air Products and Chemicals, Inc.

BASF SE

Linde AG

LyondellBasell Industries NV, Class A

PPG Industries, Inc.

Commercial Banks — 6.7%

Commonwealth Bank of Australia

DNB ASA

National Australia Bank, Ltd.

PNC Financial Services Group, Inc.

Swedbank AB, Class A

Wells Fargo & Co.

Communications Equipment — 1.3%

QUALCOMM, Inc.

Computers & Peripherals — 2.6%

Apple, Inc.⁽²⁾

Construction & Engineering — 1.0%

Vinci SA

Containers & Packaging — 0.9%

Amcor, Ltd.

Diversified Financial Services — 3.0%

Citigroup, Inc.

JPMorgan Chase & Co.

Diversified Telecommunication Services — 9.7%

BT Group PLC

Deutsche Telekom AG

France Telecom SA

Koninklijke KPN NV

Telstra Corp., Ltd.

Electric Utilities — 5.0%

CEZ AS

Edison International

SSE PLC

Electrical Equipment — 1.2%

ABB, Ltd.⁽²⁾

Energy Equipment & Services — 0.8%

Seadrill, Ltd.

Food & Staples Retailing — 0.4%

Casino Guichard-Perrachon SA

Food Products — 2.6%

D.E Master Blenders 1753 NV⁽²⁾

Hillshire Brands Co.

Nestle SA

Health Care Providers & Services — 3.0%

Fresenius Medical Care AG & Co. KGaA

Humana, Inc.

Hotels, Restaurants & Leisure — 4.5%

Carnival Corp.

McDonald’s Corp.

Industrial Conglomerates — 0.8%

Orkla ASA

Insurance — 7.4%

Aflac, Inc.

AXA SA

MetLife, Inc.

Old Mutual PLC

Powszechny Zaklad Ubezpieczen SA

Prudential Financial, Inc.

Resolution, Ltd.

IT Services — 2.9%

International Business Machines Corp.

Machinery — 3.3%

Deere & Co.

PACCAR, Inc.

Media — 1.4%

Walt Disney Co. (The)

Metals & Mining — 2.2%

Freeport-McMoRan Copper & Gold, Inc.

KGHM Polska Miedz SA

Multi-Utilities — 2.9%

E.ON AG

National Grid PLC

RWE AG

Sempra Energy

Oil, Gas & Consumable Fuels — 8.7%

Chevron Corp.

ENI SpA

Exxon Mobil Corp.

Marathon Oil Corp.

Phillips 66

Statoil ASA

Total SA

Pharmaceuticals — 5.9%

Johnson & Johnson

Pfizer, Inc.

Sanofi

Real Estate Investment Trusts (REITs) — 2.8%

AvalonBay Communities, Inc.

Road & Rail — 2.3%

Union Pacific Corp.

Semiconductors & Semiconductor Equipment — 3.8%

Intel Corp.

Taiwan Semiconductor Manufacturing Co., Ltd. ADR

Software — 2.4%

Microsoft Corp.

Specialty Retail — 0.6%

Kingfisher PLC

Tobacco — 2.8%

British American Tobacco PLC

Philip Morris International, Inc.

Water Utilities — 2.8%

Severn Trent PLC

United Utilities Group PLC

Wireless Telecommunication Services — 2.7%

Millicom International Cellular SA SDR

Vodafone Group PLC ADR

Total Common Stocks
(identified cost $995,043,950)

Preferred Stocks — 22.4%

Capital Markets — 0.4%

Charles Schwab Corp. (The), 7.00%⁽³⁾

Commercial Banks — 10.4%

Bank of America Corp., 8.125%⁽³⁾

Barclays Bank PLC, Series 3, 7.10%

BNP Paribas, 7.195%⁽³⁾⁽⁴⁾

Countrywide Capital V, 7.00%

Deutsche Bank Contingent Capital Trust III, 7.60%

Farm Credit Bank of Texas, Series 1, 10.00%

First Niagara Financial Group, Inc., Series B, 8.625%⁽³⁾

First Republic Bank, Series A, 6.70%

First Republic Bank, Series B, 6.20%

HSBC Capital Funding LP, 10.176%⁽³⁾⁽⁴⁾

JPMorgan Chase & Co., Series 1, 7.90%⁽³⁾

KeyCorp, Series A, 7.75%

Landsbanki Islands HF, 7.431%^{(2)(3)(4)(5)(6)}

Lloyds Banking Group PLC, 6.267%⁽³⁾⁽⁴⁾

Lloyds Banking Group PLC, 6.657%⁽³⁾⁽⁴⁾

PNC Financial Services Group, Inc., Series P, 6.125%⁽³⁾

Royal Bank of Scotland Group PLC, Series Q, 6.75%

Royal Bank of Scotland Group PLC, Series S, 6.60%

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

Standard Chartered PLC, 6.409%⁽³⁾⁽⁴⁾

Standard Chartered PLC, 7.014%⁽³⁾⁽⁴⁾

U.S. Bancorp, Series F, 6.50%⁽³⁾

Wells Fargo & Co., Series L, 7.50%

Consumer Finance — 0.8%

Ally Financial, Inc., Series A, 8.50%⁽³⁾

Diversified Financial Services — 0.4%

Citigroup Capital XI, 6.00%

RBS Capital Funding Trust VII, Series G, 6.08%

Electric Utilities — 1.8%

Entergy Arkansas, Inc., 6.45%

Entergy Louisiana, LLC, 6.95%

NextEra Energy Capital Holdings, Inc., Series G, 5.70%

Southern California Edison Co., Series C, 6.00%

Southern California Edison Co., Series D, 6.50%

Southern California Edison Co., Series E, 6.25%⁽³⁾

Virginia Electric and Power Co., 6.12%

Food Products — 0.9%

Dairy Farmers of America, 7.875%⁽⁴⁾

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

Insurance — 3.7%

Allianz SE, 8.375%

Arch Capital Group, Ltd., Series C, 6.75%

Aspen Insurance Holdings, Ltd., 7.25%

Aspen Insurance Holdings, Ltd., 7.401%⁽³⁾

AXA SA, 6.379%⁽³⁾⁽⁴⁾

Axis Capital Holdings, Ltd., Series C, 6.875%

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

Montpelier Re Holdings, Ltd., 8.875%

PartnerRe, Ltd., Series E, 7.25%

Prudential PLC, 6.50%

RenaissanceRe Holdings, Ltd., Series D, 6.60%

Machinery — 0.7%

Stanley Black & Decker, Inc., 5.75%⁽²⁾

Oil, Gas & Consumable Fuels — 0.3%

Nexen, Inc., 7.35%

Real Estate Investment Trusts (REITs) — 2.6%

CapLease, Inc., Series A, 8.125%

Cedar Shopping Centers, Inc., Series A, 8.875%

Chesapeake Lodging Trust, Series A, 7.75%

DDR Corp., Series H, 7.375%

DDR Corp., Series I, 7.50%

DDR Corp., Series J, 6.50%

Regency Centers Corp., Series 6, 6.625%

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

Telecommunications — 0.2%

Centaur Funding Corp., 9.08%⁽⁴⁾

Thrifts & Mortgage Finance — 0.2%

Elmira Savings Bank FSB (The), 8.998%⁽³⁾

Total Preferred Stocks
(identified cost $243,881,124)

Corporate Bonds & Notes — 7.5%

Principal
Amount

(000’s omitted)

Commercial Banks — 1.4%

ABN Amro North American Holding Preferred Capital Repackage Trust I,
6.523% to 11/8/12, 12/29/49⁽⁴⁾⁽⁷⁾

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

Capital One Capital III, 7.686% to 8/15/36, 8/1/66⁽⁷⁾

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

Groupe BPCE, 12.50% to 9/30/19, 8/29/49⁽⁴⁾⁽⁷⁾

Mellon Capital IV, 4.00%, 6/29/49⁽³⁾

SunTrust Preferred Capital I, 4.00%, 6/29/49⁽³⁾

Diversified Financial Services — 1.8%

General Electric Capital Corp., Series A, 7.125% to 6/15/22, 12/15/49⁽⁷⁾

General Electric Capital Corp., Series B, 6.25% to 12/15/22, 12/15/49⁽⁷⁾

HSBC Finance Capital Trust IX, 5.911% to 11/30/15, 11/30/35⁽⁷⁾

Textron Financial Corp., 6.00% to 2/15/17, 2/15/67⁽⁴⁾⁽⁷⁾

Electric Utilities — 1.0%

Energisa SA, 9.50%, 1/29/49⁽⁴⁾

PPL Capital Funding, Inc., Series A, 6.70% to 3/30/17, 3/30/67⁽⁷⁾

Industrial Conglomerates — 0.4%

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

Insurance — 2.0%

MetLife, Inc., 10.75% to 8/1/34, 8/1/39, 8/1/69⁽⁷⁾⁽⁸⁾

QBE Capital Funding II, LP, 6.797% to 6/1/17, 6/29/49⁽⁴⁾⁽⁷⁾

QBE Capital Funding III, Ltd., 7.25% to 5/24/21, 5/24/41⁽⁴⁾⁽⁷⁾

Swiss Re Capital I, LP, 6.854% to 5/25/16, 5/25/49⁽⁴⁾⁽⁷⁾

XL Capital, Ltd., Series E, 6.50% to 4/15/17, 12/29/49⁽⁷⁾

Pipelines — 0.9%

Enterprise Products Operating, LLC, 7.00% to 6/1/17, 6/1/67⁽⁷⁾

Southern Union Co., 3.483%, 11/1/66⁽³⁾

Total Corporate Bonds & Notes
(identified cost $78,076,853)

Short-Term Investments — 0.7%

Interest

(000’s omitted)

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

Total Short-Term Investments
(identified cost $7,949,345)

Total Investments — 138.1%
(identified cost $1,324,951,272)

Other Assets, Less Liabilities — (38.1)%

Net Assets — 100.0%

ADR

SDR

Percentage of

Total Investments

United States

United Kingdom

France

Germany

Netherlands

Australia

Switzerland

Norway

Bermuda

Belgium

Poland

Taiwan

Italy

Czech Republic

Cayman Islands

Sweden

Brazil

Canada

Iceland

Total Investments

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