Aerospace & Defense — 0.9%

CAE, Inc.

Auto Components — 0.9%

Continental AG

Banks — 11.8%

Banco Santander SA

Bank of America Corp.

Canadian Imperial Bank of Commerce

Citigroup, Inc.

ING Groep NV

JPMorgan Chase & Co.

KeyCorp

Nordea Bank AB

Societe Generale SA

UniCredit SpA

Wells Fargo & Co.

Beverages — 4.1%

Anheuser-Busch InBev SA/NV

Coca-Cola Co. (The)

Constellation Brands, Inc., Class A

Diageo PLC

Building Products — 1.2%

Assa Abloy AB, Class B

Chemicals — 3.7%

BASF SE

Ecolab, Inc.

PPG Industries, Inc.

Sika AG

Construction & Engineering — 0.0%⁽²⁾

Abengoa SA, Class A⁽³⁾

Abengoa SA, Class B⁽³⁾

Consumer Finance — 2.0%

Discover Financial Services

Navient Corp.

OneMain Holdings, Inc.⁽³⁾

Diversified Financial Services — 1.6%

ORIX Corp.

Electric Utilities — 3.5%

Iberdrola SA

NextEra Energy, Inc.

Electrical Equipment — 3.3%

Legrand SA

Melrose Industries PLC

Electronic Equipment, Instruments & Components — 2.1%

CDW Corp.

Keyence Corp.

Energy Equipment & Services — 0.7%

Halliburton Co.

Entertainment — 2.9%

Activision Blizzard, Inc.

Walt Disney Co. (The)

Equity Real Estate Investment Trusts (REITs) — 2.6%

American Tower Corp.

Equity Residential

Food Products — 1.5%

Mondelez International, Inc., Class A

Nestle SA

Health Care Equipment & Supplies — 4.1%

Baxter International, Inc.

Boston Scientific Corp.⁽³⁾

Danaher Corp.

Fisher & Paykel Healthcare Corp., Ltd.

Health Care Providers & Services — 1.7%

Anthem, Inc.

UnitedHealth Group, Inc.

Hotels, Restaurants & Leisure — 1.1%

Compass Group PLC

Household Products — 0.8%

Reckitt Benckiser Group PLC

Insurance — 3.7%

AIA Group, Ltd.

Aviva PLC

Chubb, Ltd.

Prudential PLC

Interactive Media & Services — 5.4%

Alphabet, Inc., Class C⁽³⁾

Facebook, Inc., Class A⁽³⁾

Internet & Direct Marketing Retail — 3.4%

Amazon.com, Inc.⁽³⁾

ZOZO, Inc.

IT Services — 1.7%

Amadeus IT Group SA

Visa, Inc., Class A

Leisure Products — 1.0%

Yamaha Corp.

Life Sciences Tools & Services — 1.0%

Lonza Group AG

Machinery — 5.0%

Atlas Copco AB, Class A

Fortive Corp.

ITT, Inc.

MISUMI Group, Inc.

Stanley Black & Decker, Inc.

Xylem, Inc.

Metals & Mining — 1.4%

Rio Tinto, Ltd.

Multi-Utilities — 1.5%

CMS Energy Corp.

Oil, Gas & Consumable Fuels — 6.4%

BP PLC

ConocoPhillips

EOG Resources, Inc.

Phillips 66

Royal Dutch Shell PLC, Class B

Personal Products — 1.2%

Unilever PLC

Pharmaceuticals — 6.2%

Eli Lilly & Co.

GlaxoSmithKline PLC

Johnson & Johnson

Novo Nordisk A/S, Class B

Zoetis, Inc.

Professional Services — 1.3%

Verisk Analytics, Inc.⁽³⁾

Road & Rail — 0.3%

CSX Corp.

Semiconductors & Semiconductor Equipment — 2.4%

ASML Holding NV

Taiwan Semiconductor Manufacturing Co., Ltd. ADR

Software — 2.2%

Microsoft Corp.

Specialty Retail — 3.4%

Industria de Diseno Textil SA

Tiffany & Co.

TJX Cos., Inc. (The)

Ulta Beauty, Inc.⁽³⁾

Technology Hardware, Storage & Peripherals — 2.5%

Apple, Inc.

HP, Inc.

Textiles, Apparel & Luxury Goods — 3.2%

adidas AG

LVMH Moet Hennessy Louis Vuitton SE

Samsonite International SA⁽⁴⁾

Tapestry, Inc.

Thrifts & Mortgage Finance — 0.6%

MGIC Investment Corp.⁽³⁾

Wireless Telecommunication Services — 1.5%

Tele2 AB, Class B

Total Common Stocks
(identified cost $297,769,299)

Preferred Stocks — 7.3%

Banks — 2.2%

AgriBank FCB, 6.875% to 1/1/24⁽¹⁾⁽⁵⁾

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

Farm Credit Bank of Texas, 6.75% to 9/15/23^(1)(4)(5)

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

First Tennessee Bank NA, 3.75%, (3 mo. USD LIBOR + 0.85%, Floor 3.75%)^(1)(4)(6)

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

Texas Capital Bancshares, Inc., 6.50%⁽¹⁾

Wells Fargo & Co., Series Y, 5.625%⁽¹⁾

Consumer Finance — 0.6%

Capital One Financial Corp., Series C, 6.25%⁽¹⁾

Electric Utilities — 1.0%

NextEra Energy Capital Holdings, Inc., Series I, 5.125%⁽¹⁾

SCE Trust VI, 5.00%⁽¹⁾

Southern Co. (The), 6.25%⁽¹⁾

Equity Real Estate Investment Trusts (REITs) — 0.9%

CBL & Associates Properties, Inc., Series D, 7.375%⁽¹⁾

SITE Centers Corp., Series A, 6.375%⁽¹⁾

SITE Centers Corp., Series K, 6.25%⁽¹⁾

Vornado Realty Trust, Series K, 5.70%⁽¹⁾

Food Products — 0.9%

Dairy Farmers of America, Inc., 7.875%⁽¹⁾⁽⁴⁾

Ocean Spray Cranberries, Inc., 6.25%⁽¹⁾⁽⁴⁾

Independent Power and Renewable Electricity Producers — 0.6%

Algonquin Power & Utilities Corp., 6.875% to 10/17/23⁽⁵⁾

Insurance — 0.1%

PartnerRe, Ltd., Series I, 5.875%⁽¹⁾

Multi-Utilities — 0.1%

DTE Energy Co., Series C, 5.25%⁽¹⁾

Oil, Gas & Consumable Fuels — 0.8%

NuStar Energy, L.P., Series B, 7.625% to 6/15/22⁽¹⁾⁽⁵⁾

Pipelines — 0.1%

Enbridge, Inc., Series B, 6.375% to 4/15/23⁽⁵⁾

Total Preferred Stocks
(identified cost $25,646,780)

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 — 8.8%

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

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

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)

Barclays PLC, 7.75% to 9/15/23 ⁽⁵⁾⁽⁷⁾

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

Citigroup, Inc., Series R, 6.125% to 11/15/20 ⁽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)

Danske Bank A/S, 7.00% to 6/26/25 ^(5)(7)(8)

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

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

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

Standard Chartered PLC, 7.75% to 4/2/23 ^(1)(4)(5)(7)

SunTrust Banks, Inc., Series H, 5.125% to 12/15/27 ^(1)(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 — 1.4%

Banco BTG Pactual SA/Cayman Islands, 5.50%, 1/31/23⁽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 — 0.7%

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

Textron Financial Corp., 4.351%, (3 mo. USD LIBOR + 1.735%), 2/15/67^(1)(4)(6)

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

Electric Utilities — 1.6%

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

Enel SpA, 8.75% to 9/24/23, 9/24/73^(1)(4)(5)

Pacific Gas & Electric Co., 3.50%, 10/1/20⁽⁹⁾

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

Energy Equipment & Services — 0.3%

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

Food Products — 0.7%

Land O’ Lakes, Inc., 8.00% ^(1)(4)(7)

Gas Utilities — 0.0%⁽²⁾

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

Metals & Mining — 0.6%

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 — 0.7%

EnLink Midstream Partners, L.P., Series C, 6.00% to 12/15/22 ^(1)(5)(7)

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 — 0.6%

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

Pipelines — 0.9%

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

Enterprise Products Operating, LLC, 5.375% to 2/15/28, 2/15/78⁽¹⁾⁽⁵⁾

Toys, Games & Hobbies — 0.4%

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 $60,551,964)

Exchange-Traded Funds — 2.5%

Equity Funds — 2.5%

First Trust Preferred Securities and Income ETF⁽¹⁾

Total Exchange-Traded Funds
(identified cost $8,830,630)

Short-Term Investments — 1.8%

Eaton Vance Cash Reserves Fund, LLC, 2.61%⁽¹⁰⁾

Total Short-Term Investments
(identified cost $5,882,557)

Total Investments — 134.7%
(identified cost $398,681,230)

Other Assets, Less Liabilities — (34.7)%

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 January 31, 2019, the aggregate value of these securities is $25,828,248 or 7.9% 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 January 31, 2019.

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 January 31, 2019, the aggregate value of these securities is $5,330,147 or 1.6% of the Fund’s net assets.

Issuer is in default with respect to interest and/or principal payments.

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 January 31, 2019. Net income from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended January 31, 2019 was $38,562.

United States

United Kingdom

Japan

Netherlands

Spain

France

Sweden

Switzerland

Germany

Canada

Italy

Denmark

Belgium

Hong Kong

Chile

Israel

Australia

Mexico

Taiwan

Brazil

New Zealand

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)

Common Stocks

Communication Services

Consumer Discretionary

Consumer Staples

Energy

Financials

Health Care

Industrials