Aerospace & Defense — 0.8%

CAE, Inc.⁽¹⁾

Air Freight & Logistics — 0.3%

C.H. Robinson Worldwide, Inc.⁽¹⁾

Auto Components — 0.9%

Continental AG⁽¹⁾

Banks — 9.4%

Canadian Imperial Bank of Commerce⁽¹⁾

Danske Bank A/S⁽¹⁾

ING Groep NV⁽¹⁾

JPMorgan Chase & Co.⁽¹⁾

KeyCorp⁽¹⁾

Nordea Bank AB⁽¹⁾

Societe Generale SA⁽¹⁾

Sumitomo Mitsui Financial Group, Inc.⁽¹⁾

UniCredit SpA⁽¹⁾

Wells Fargo & Co.⁽¹⁾

Beverages — 2.7%

Anheuser-Busch InBev SA/NV⁽¹⁾

Constellation Brands, Inc., Class A⁽¹⁾

Diageo PLC⁽¹⁾

Biotechnology — 0.2%

Shire PLC⁽¹⁾

Building Products — 1.1%

Assa Abloy AB, Class B⁽¹⁾

Chemicals — 3.4%

Arkema SA⁽¹⁾

BASF SE⁽¹⁾

Ecolab, Inc.⁽¹⁾

Sika AG⁽¹⁾

Commercial Services & Supplies — 1.7%

Republic Services, Inc.⁽¹⁾

SECOM Co., Ltd.⁽¹⁾

Construction & Engineering — 0.0%⁽²⁾

Abengoa SA, Class A⁽¹⁾⁽³⁾

Abengoa SA, Class B⁽¹⁾⁽³⁾

Consumer Finance — 2.1%

Discover Financial Services⁽¹⁾

Navient Corp.⁽¹⁾

OneMain Holdings, Inc.⁽¹⁾⁽³⁾

Diversified Financial Services — 1.9%

ORIX Corp.⁽¹⁾

Electric Utilities — 3.0%

Iberdrola SA⁽¹⁾

NextEra Energy, Inc.⁽¹⁾

Electrical Equipment — 2.7%

Legrand SA⁽¹⁾

Melrose Industries PLC⁽¹⁾

Electronic Equipment, Instruments & Components — 2.2%

CDW Corp.⁽¹⁾

Keyence Corp.⁽¹⁾

Energy Equipment & Services — 0.7%

Halliburton Co.⁽¹⁾

Equity Real Estate Investment Trusts (REITs) — 2.6%

American Tower Corp.⁽¹⁾

Equity Residential⁽¹⁾

Health Care Equipment & Supplies — 3.4%

Baxter International, Inc.⁽¹⁾

Boston Scientific Corp.⁽¹⁾⁽³⁾

Danaher Corp.⁽¹⁾

Health Care Providers & Services — 1.5%

Anthem, Inc.⁽¹⁾

UnitedHealth Group, Inc.⁽¹⁾

Hotels, Restaurants & Leisure — 1.1%

Compass Group PLC⁽¹⁾

Household Products — 1.0%

Reckitt Benckiser Group PLC⁽¹⁾

Insurance — 4.2%

AIA Group, Ltd.⁽¹⁾

Aviva PLC⁽¹⁾

Chubb, Ltd.⁽¹⁾

Prudential PLC⁽¹⁾

Internet & Direct Marketing Retail — 2.8%

Amazon.com, Inc.⁽¹⁾⁽³⁾

Internet Software & Services — 5.1%

Alphabet, Inc., Class C⁽¹⁾⁽³⁾

Facebook, Inc., Class A⁽¹⁾⁽³⁾

IT Services — 1.0%

Visa, Inc., Class A⁽¹⁾

Life Sciences Tools & Services — 1.3%

Lonza Group AG⁽¹⁾

Machinery — 6.6%

Atlas Copco AB, Class A⁽¹⁾

Fortive Corp.⁽¹⁾

ITT, Inc.⁽¹⁾

Komatsu, Ltd.⁽¹⁾

MISUMI Group, Inc.⁽¹⁾

Parker-Hannifin Corp.⁽¹⁾

Xylem, Inc.⁽¹⁾

Media — 1.2%

Walt Disney Co. (The)⁽¹⁾

Metals & Mining — 1.1%

Rio Tinto, Ltd.⁽¹⁾

Multi-Utilities — 1.5%

CMS Energy Corp.⁽¹⁾

Oil, Gas & Consumable Fuels — 6.6%

BP PLC⁽¹⁾

ConocoPhillips⁽¹⁾

Exxon Mobil Corp.⁽¹⁾

Phillips 66⁽¹⁾

Royal Dutch Shell PLC, Class B⁽¹⁾

Seven Generations Energy, Ltd., Class A⁽¹⁾⁽³⁾

Personal Products — 1.8%

Unilever PLC⁽¹⁾

Pharmaceuticals — 6.8%

Bayer AG⁽¹⁾

Eli Lilly & Co.⁽¹⁾

GlaxoSmithKline PLC

Johnson & Johnson⁽¹⁾

Novo Nordisk A/S, Class B⁽¹⁾

Zoetis, Inc.⁽¹⁾

Professional Services — 1.1%

Verisk Analytics, Inc.⁽¹⁾⁽³⁾

Road & Rail — 1.6%

CSX Corp.⁽¹⁾

Semiconductors & Semiconductor Equipment — 3.4%

ASML Holding NV⁽¹⁾

Taiwan Semiconductor Manufacturing Co., Ltd. ADR⁽¹⁾

Software — 4.2%

Activision Blizzard, Inc.⁽¹⁾

Microsoft Corp.⁽¹⁾

Specialty Retail — 4.1%

Home Depot, Inc. (The)⁽¹⁾

Industria de Diseno Textil SA⁽¹⁾

TJX Cos., Inc. (The)⁽¹⁾

Ulta Beauty, Inc.⁽¹⁾⁽³⁾

Technology Hardware, Storage & Peripherals — 3.6%

Apple, Inc.⁽¹⁾

HP, Inc.⁽¹⁾

Textiles, Apparel & Luxury Goods — 2.2%

adidas AG⁽¹⁾

LVMH Moet Hennessy Louis Vuitton SE⁽¹⁾

Samsonite International SA⁽¹⁾⁽⁴⁾

Thrifts & Mortgage Finance — 0.7%

MGIC Investment Corp.⁽¹⁾⁽³⁾

Tobacco — 1.2%

British American Tobacco PLC⁽¹⁾

Wireless Telecommunication Services — 0.8%

Tele2 AB, Class B⁽¹⁾

Total Common Stocks
(identified cost $1,383,698,945)

Preferred Stocks — 6.3%⁽¹⁾

Banks — 1.8%

AgriBank FCB, 6.875% to 1/1/24⁽⁵⁾

CoBank ACB, Series F, 6.25% to 10/1/22⁽⁵⁾

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

First Republic Bank, Series G, 5.50%

First Tennessee Bank NA, 3.75%, (3 mo. USD LIBOR + 0.85%, Floor 3.75%)⁽⁴⁾⁽⁶⁾

IBERIABANK Corp., Series C, 6.60% to 5/1/26⁽⁵⁾

Texas Capital Bancshares, Inc., 6.50%

Wells Fargo & Co., Series L, 7.50% (Convertible)

Wells Fargo & Co., Series Y, 5.625%

Electric Utilities — 1.4%

Interstate Power & Light Co., Series D, 5.10%

NextEra Energy Capital Holdings, Inc., Series I, 5.125%

NextEra Energy Capital Holdings, Inc., Series K, 5.25%

SCE Trust VI, 5.00%

Southern Co. (The), 6.25%

Equity Real Estate Investment Trusts (REITs) — 1.0%

CBL & Associates Properties, Inc., Series D, 7.375%

DDR Corp., Series A, 6.375%

DDR Corp., Series K, 6.25%

Spirit Realty Capital, Inc., Series A, 6.00%

Summit Hotel Properties, Inc., Series E, 6.25%

Vornado Realty Trust, Series K, 5.70%

Food Products — 0.8%

Dairy Farmers of America, Inc., 7.875%⁽⁴⁾

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

Insurance — 0.1%

PartnerRe, Ltd., Series I, 5.875%

Machinery — 0.3%

Stanley Black & Decker, Inc., 5.75%

Multi-Utilities — 0.3%

DTE Energy Co., Series C, 5.25%

Oil, Gas & Consumable Fuels — 0.6%

NuStar Energy, L.P., Series B, 7.625% to 6/15/22⁽⁵⁾

Total Preferred Stocks
(identified cost $90,666,332)

Corporate Bonds & Notes — 13.8%

Airlines — 0.1%

Azul Investments LLP, 5.875%, 10/26/24⁽¹⁾⁽⁴⁾

Automobiles — 0.3%

General Motors Financial Co., Inc., Series A, 5.75% to 9/30/27^(1)(5)(7)

Banks — 6.9%

Australia and New Zealand Banking Group, Ltd., 6.75% to 6/15/26^(1)(4)(5)(7)

Banco Bilbao Vizcaya Argentaria SA, 6.125% to 11/16/27^(1)(5)(7)

Banco do Brasil SA, 6.25% to 4/15/24^(1)(4)(5)(7)

Banco Mercantil del Norte SA/Grand Cayman, 7.625% to 1/10/28^(1)(4)(5)(7)

Banco Santander SA, 6.375% to 5/19/19^(5)(7)(8)

Bank of America Corp., Series AA, 6.10% to 3/17/25^(1)(5)(7)

Bank of America Corp., Series FF, 5.875% to 3/15/28^(1)(5)(7)

Citigroup, Inc., Series M, 6.30% to 5/15/24^(1)(5)(7)

Citigroup, Inc., Series T, 6.25% to 8/15/26^(1)(5)(7)

Credit Agricole SA, 7.875% to 1/23/24^(1)(4)(5)(7)

Credit Suisse Group AG, 7.50% to 7/17/23^(4)(5)(7)

Farm Credit Bank of Texas, Series 3, 6.20% to 6/15/28^(4)(5)(7)

JPMorgan Chase & Co., Series X, 6.10% to 10/1/24^(1)(5)(7)

Lloyds Banking Group PLC, 7.50% to 6/27/24^(1)(5)(7)

M&T Bank Corp., Series F, 5.125% to 11/1/26^(1)(5)(7)

PNC Financial Services Group, Inc. (The), Series S, 5.00% to 11/1/26^(1)(5)(7)

Royal Bank of Scotland Group PLC, 8.00% to 8/10/25^(1)(5)(7)

Societe Generale SA, 6.75% to 4/6/28^(1)(4)(5)(7)

UniCredit SpA, 8.00% to 6/3/24^(1)(5)(7)(8)

Zions Bancorporation, Series I, 5.80% to 6/15/23^(1)(5)(7)

Capital Markets — 1.3%

Banco BTG Pactual SA/Cayman Islands, 5.50%, 1/31/23⁽¹⁾⁽⁴⁾

Banco BTG Pactual SA/Cayman Islands, 5.75%, 9/28/22⁽¹⁾⁽⁴⁾

Charles Schwab Corp. (The), Series F, 5.00% to 12/1/27^(1)(5)(7)

UBS Group AG, 6.875% to 8/7/25^(1)(5)(7)(8)

Construction & Engineering — 0.0%⁽²⁾

Abengoa Abenewco 2 SAU, 1.50%, (1.50% cash or 0.25% cash and 1.25% PIK), 3/31/23⁽¹⁾⁽⁴⁾

Diversified Financial Services — 0.6%

Cadence Financial Corp., 4.875%, 6/28/19⁽¹⁾⁽⁴⁾

Textron Financial Corp., 4.078%, (3 mo. USD LIBOR + 1.735%), 2/15/67^(1)(4)(6)

Unifin Financiera SAB de CV, 8.875% to 1/29/25^(1)(4)(5)(7)

Electric Utilities — 0.8%

AES Gener SA, 8.375% to 6/18/19, 12/18/73^(1)(4)(5)

Southern Co. (The), Series B, 5.50% to 3/15/22, 3/15/57⁽¹⁾⁽⁵⁾

Energy Equipment & Services — 0.2%

Oceaneering International, Inc., 6.00%, 2/1/28⁽¹⁾

Food Products — 0.7%

JBS Investments GmbH, 7.75%, 10/28/20⁽¹⁾⁽⁴⁾

Land O’ Lakes, Inc., 8.00%^(1)(4)(7)

Gas Utilities — 0.2%

NiSource, Inc., 5.65% to 6/15/23^(4)(5)(7)

Metals & Mining — 0.2%

BHP Billiton Finance USA, Ltd., 6.75% to 10/20/25, 10/19/75^(1)(4)(5)

Multi-Utilities — 0.1%

Dominion Resources, Inc., 5.75% to 10/1/24, 10/1/54⁽¹⁾⁽⁵⁾

Oil, Gas & Consumable Fuels — 0.8%

Enterprise Products Operating, LLC, Series E, 5.25% to 8/16/27, 8/16/77⁽⁵⁾

Odebrecht Oil & Gas Finance, Ltd., 0.00%^(1)(4)(7)

Plains All American Pipeline, L.P., Series B, 6.125% to 11/15/22^(1)(5)(7)

Pharmaceuticals — 0.4%

Teva Pharmaceutical Finance Netherlands III B.V., 6.00%, 4/15/24⁽¹⁾

Pipelines — 0.8%

Enbridge Energy Partners, L.P., 6.135%, (3 mo. USD LIBOR + 3.798%), 10/1/77⁽¹⁾⁽⁶⁾

Energy Transfer Partners, L.P., Series A, 6.25% to 2/15/23^(1)(5)(7)

Transportadora de Gas del Sur SA, 6.75%, 5/2/25⁽⁴⁾

Toys, Games & Hobbies — 0.3%

Mattel, Inc., 6.75%, 12/31/25⁽⁴⁾

Transportation — 0.1%

JSL Europe SA, 7.75%, 7/26/24⁽¹⁾⁽⁴⁾

Total Corporate Bonds & Notes
(identified cost $201,855,525)

Exchange-Traded Funds — 2.0%

Equity Funds — 2.0%

First Trust Preferred Securities and Income ETF⁽¹⁾

Total Exchange-Traded Funds
(identified cost $29,171,085)

Short-Term Investments — 1.5%

Eaton Vance Cash Reserves Fund, LLC, 2.16%⁽⁹⁾

Total Short-Term Investments
(identified cost $20,782,111)

Total Investments — 129.2%
(identified cost $1,726,173,998)

Other Assets, Less Liabilities — (29.2)%

Net Assets — 100.0%

Security (or a portion thereof) has been segregated as collateral with the custodian for borrowings under the Credit Agreement.

Amount is less than 0.05%.

Non-income producing security.

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At July 31, 2018, the aggregate value of these securities is $98,481,339 or 7.0% of the Fund’s net assets.

Security converts to floating rate after the indicated fixed-rate coupon period.

Variable rate security. The stated dividend/interest rate represents the rate in effect at July 31, 2018.

Perpetual security with no stated maturity date but may be subject to calls by the issuer.

Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At July 31, 2018, the aggregate value of these securities is $15,038,929 or 1.1% of the Fund’s net assets.

Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of July 31, 2018. Net income from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended July 31, 2018 was $348,346.

United States

United Kingdom

Japan

Germany

Sweden

France

Netherlands

Switzerland

Spain

Canada

Denmark

Taiwan

Italy

Brazil

Belgium

Hong Kong

Australia

Chile

Israel

Mexico

Argentina

Exchange-Traded Funds

Total Investments

ADR

LIBOR

PIK

USD

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)