Aerospace & Defense — 1.0%

CAE, Inc.

Air Freight & Logistics — 0.9%

C.H. Robinson Worldwide, Inc.

Auto Components — 1.4%

Goodyear Tire & Rubber Co. (The)⁽¹⁾

Automobiles — 0.8%

Peugeot SA

Banks — 11.0%

BNP Paribas SA⁽¹⁾

ING Groep NV⁽¹⁾

JPMorgan Chase & Co.⁽¹⁾

KBC Group NV

Mitsubishi UFJ Financial Group, Inc.⁽¹⁾

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

Wells Fargo & Co.⁽¹⁾

Beverages — 3.3%

Anheuser-Busch InBev SA/NV⁽¹⁾

Constellation Brands, Inc., Class A⁽¹⁾

Diageo PLC⁽¹⁾

Biotechnology — 2.4%

BioMarin Pharmaceutical, Inc.⁽¹⁾⁽²⁾

Celgene Corp.⁽¹⁾⁽²⁾

Shire PLC ADR⁽¹⁾

Building Products — 1.3%

Assa Abloy AB, Class B⁽¹⁾

Capital Markets — 1.2%

Credit Suisse Group AG

Credit Suisse Group AG⁽³⁾

Chemicals — 3.7%

Arkema SA

BASF SE

Ecolab, Inc.

Novozymes A/S, Class B

PPG Industries, Inc.⁽¹⁾

Commercial Services & Supplies — 1.2%

Brambles, Ltd.⁽¹⁾

Containers & Packaging — 1.5%

Sealed Air Corp.⁽¹⁾

Diversified Financial Services — 0.3%

ORIX Corp.

Diversified Telecommunication Services — 2.0%

Nippon Telegraph & Telephone Corp.⁽¹⁾

Electric Utilities — 2.3%

American Electric Power Co., Inc.⁽¹⁾

NextEra Energy, Inc.⁽¹⁾

Electrical Equipment — 3.0%

Legrand SA⁽¹⁾

Melrose Industries PLC⁽¹⁾

Zhuzhou CRRC Times Electric Co., Ltd., Class H

Electronic Equipment, Instruments & Components — 2.6%

CDW Corp.⁽¹⁾

Keyence Corp.

Energy Equipment & Services — 1.2%

Halliburton Co.⁽¹⁾

Equity Real Estate Investment Trusts (REITs) — 3.4%

American Tower Corp.⁽¹⁾

Equity Residential⁽¹⁾

Simon Property Group, Inc.

Food Products — 0.5%

Pinnacle Foods, Inc.⁽¹⁾

Health Care Equipment & Supplies — 1.0%

ConvaTec Group PLC⁽²⁾⁽⁴⁾

Edwards Lifesciences Corp.⁽¹⁾⁽²⁾

Household Durables — 1.7%

Newell Brands, Inc.⁽¹⁾

Household Products — 1.1%

Reckitt Benckiser Group PLC⁽¹⁾

Insurance — 6.1%

AIA Group, Ltd.⁽¹⁾

Chubb, Ltd.⁽¹⁾

Prudential PLC⁽¹⁾

St. James’s Place PLC⁽¹⁾

Internet & Direct Marketing Retail — 1.9%

Amazon.com, Inc.⁽¹⁾⁽²⁾

Internet Software & Services — 5.5%

Alphabet, Inc., Class C⁽¹⁾⁽²⁾

Facebook, Inc., Class A⁽¹⁾⁽²⁾

IT Services — 1.8%

Visa, Inc., Class A⁽¹⁾

Machinery — 2.3%

Fortive Corp.⁽¹⁾

Komatsu, Ltd.

Media — 2.7%

Interpublic Group of Cos., Inc.⁽¹⁾

Toho Co., Ltd.

Metals & Mining — 0.8%

Rio Tinto, Ltd.

Multi-Utilities — 0.5%

National Grid PLC⁽¹⁾

Sempra Energy⁽¹⁾

Oil, Gas & Consumable Fuels — 5.0%

ConocoPhillips

Exxon Mobil Corp.⁽¹⁾

Pioneer Natural Resources Co.

Royal Dutch Shell PLC, Class B⁽¹⁾

Seven Generations Energy, Ltd., Class A⁽²⁾

Personal Products — 2.7%

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

Unilever PLC⁽¹⁾

Pharmaceuticals — 8.8%

Allergan PLC⁽¹⁾

Eli Lilly & Co.⁽¹⁾

Johnson & Johnson⁽¹⁾

Novo Nordisk A/S, Class B⁽¹⁾

Roche Holding AG PC⁽¹⁾

Zoetis, Inc.⁽¹⁾

Professional Services — 1.5%

Verisk Analytics, Inc.⁽¹⁾⁽²⁾

Road & Rail — 1.1%

CSX Corp.⁽¹⁾

Semiconductors & Semiconductor Equipment — 3.7%

ASML Holding NV⁽¹⁾

NXP Semiconductors NV⁽²⁾

Renesas Electronics Corp.⁽²⁾

Sumco Corp.

Taiwan Semiconductor Manufacturing Co., Ltd. ADR

Software — 0.4%

Microsoft Corp.⁽¹⁾

Specialty Retail — 2.6%

Advance Auto Parts, Inc.⁽¹⁾

Industria de Diseno Textil SA

Lowe’s Cos., Inc.⁽¹⁾

Technology Hardware, Storage & Peripherals — 1.2%

Apple, Inc.⁽¹⁾

HP, Inc.

Textiles, Apparel & Luxury Goods — 2.6%

Lululemon Athletica, Inc.⁽²⁾

LVMH Moet Hennessy Louis Vuitton SE⁽¹⁾

Pandora A/S⁽¹⁾

Tobacco — 0.7%

Altria Group, Inc.⁽¹⁾

Trading Companies & Distributors — 2.0%

Brenntag AG

MISUMI Group, Inc.

Wireless Telecommunication Services — 0.3%

Vodafone Group PLC

Total Common Stocks
(identified cost $297,987,809)

Preferred Stocks — 12.3%

Banks — 5.4%

AgriBank FCB, 6.875% to 1/1/24⁽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 NA, 3.75%⁽⁴⁾⁽⁶⁾

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

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

KeyCorp, Series E, 6.125% to 12/15/26⁽⁵⁾

Regions Financial Corp., Series A, 6.375%

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)

Capital Markets — 1.0%

KKR & Co., LP, Series A, 6.75%

Legg Mason, Inc., 5.45%

State Street Corp., Series D, 5.90% to 3/15/24⁽⁵⁾

State Street Corp., Series G, 5.35% to 3/15/26⁽⁵⁾

Consumer Finance — 0.8%

Capital One Financial Corp., Series C, 6.25%

Capital One Financial Corp., Series H, 6.00%

Diversified Financial Services — 0.3%

KKR Financial Holdings, LLC, Series A, 7.375%

Electric Utilities — 1.7%

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

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

SCE Trust VI, 5.00%

Southern Co. (The), 6.25%

Equity Real Estate Investment Trusts (REITs) — 0.7%

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

DDR Corp., Series J, 6.50%

DDR Corp., Series K, 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 — 0.2%

Stanley Black & Decker, Inc., 5.75%

Multi-Utilities — 0.1%

DTE Energy Co., Series C, 5.25%

Oil, Gas & Consumable Fuels — 1.0%

NuStar Energy, LP, Series B, 7.625% to 6/15/22⁽⁵⁾

Thrifts & Mortgage Finance — 0.2%

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

Total Preferred Stocks
(identified cost $40,497,462)

Corporate Bonds & Notes — 14.2%

Airlines — 0.1%

Latam Finance, Ltd., 6.875%, 4/11/24⁽⁴⁾

Banks — 7.7%

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

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

Banco Mercantil del Norte SA, 7.625% to 1/6/28^(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⁽⁵⁾⁽⁷⁾

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

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

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

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

JPMorgan Chase & Co., Series Z, 5.30% to 5/1/20⁽⁵⁾⁽⁷⁾

Lloyds Banking Group PLC, 6.657% to 5/21/37^(4)(5)(7)

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

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

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

Standard Chartered PLC, 7.014% to 7/30/37^(4)(5)(7)

Standard Chartered PLC, 7.75% to 4/2/23^(4)(5)(7)

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

Zions Bancorporation, Series I, 5.80% to 9/15/23⁽⁵⁾⁽⁷⁾

Zions Bancorporation, Series J, 7.20% to 9/15/23⁽⁵⁾⁽⁷⁾

Capital Markets — 1.5%

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

Goldman Sachs Group, Inc. (The), Series M, 5.375% to 5/10/20⁽⁵⁾⁽⁷⁾

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

Diversified Financial Services — 0.5%

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

Textron Financial Corp., 2.917%, 2/15/67⁽⁴⁾⁽⁶⁾

Electric Utilities — 2.6%

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

Emera, Inc., Series 16-A, 6.75% to 6/15/26, 6/15/76⁽⁵⁾

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

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

Energy Equipment & Services — 0.0%⁽⁹⁾

Abengoa Finance S.A.U., 7.75%, 2/1/20^(4)(10)

Food Products — 0.7%

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

Land O’ Lakes, Inc., 8.00%⁽⁴⁾⁽⁷⁾

Metals & Mining — 0.5%

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⁽⁵⁾

Oil, Gas & Consumable Fuels — 0.3%

Odebrecht Oil & Gas Finance, Ltd., 7.00% to 6/17/24^{(4)(5)(7)(10)}

Petrobras Global Finance BV, 6.125%, 1/17/22

Thrifts & Mortgage Finance — 0.2%

Flagstar Bancorp, Inc., 6.125%, 7/15/21

Total Corporate Bonds & Notes
(identified cost $49,015,204)

Exchange-Traded Funds — 2.6%

Equity Funds — 2.6%

First Trust Preferred Securities and Income ETF

iShares U.S. Preferred Stock ETF

Total Exchange-Traded Funds
(identified cost $8,978,507)

Short-Term Investments — 1.3%

Eaton Vance Cash Reserves Fund, LLC, 1.28%⁽¹¹⁾

Total Short-Term Investments
(identified cost $4,711,379)

Total Investments — 133.4%
(identified cost $401,190,361)

Other Assets, Less Liabilities — (33.4)%

Net Assets — 100.0%

United States

United Kingdom

Japan

France

Netherlands

Switzerland

Denmark

Canada

Belgium

Australia

Brazil

Spain

Germany

Italy

Hong Kong

Sweden

Taiwan

Chile

China

Mexico

Exchange-Traded Funds

Total Investments

ADR

PC

Aggregate cost

Gross unrealized appreciation

Gross unrealized depreciation

Net unrealized appreciation

Consumer Discretionary

Consumer Staples

Energy

Financials

Health Care

Industrials

Information Technology

Materials

Real Estate

Telecommunication Services

Utilities

Total Common Stocks

Consumer Staples

Energy

Financials

Industrials

Real Estate

Utilities

Total Preferred Stocks

Corporate Bonds & Notes

Exchange-Traded Funds

Short-Term Investments

Total Investments