UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-CSR

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

 

Investment Company Act file number

811- 21411

 

Eaton Vance Senior Floating-Rate Trust

(Exact name of registrant as specified in charter)

 

The Eaton Vance Building, 255 State Street, Boston, Massachusetts

 

02109

(Address of principal executive offices)

 

(Zip code)

 

Maureen A. Gemma
The Eaton Vance Building, 255 State Street, Boston, Massachusetts 02109

(Name and address of agent for service)

 

Registrant’s telephone number, including area code:

(617) 482-8260

 

 

Date of fiscal year end:

October 31

 

 

Date of reporting period:

October 31, 2007

 

 




Item 1. Reports to Stockholders




Annual Report October 31, 2007

EATON VANCE
SENIOR
FLOATING-RATE
TRUST



IMPORTANT NOTICES REGARDING PRIVACY,
DELIVERY OF SHAREHOLDER DOCUMENTS,
PORTFOLIO HOLDINGS AND PROXY VOTING

Privacy. The Eaton Vance organization is committed to ensuring your financial privacy. Each of the financial institutions identified below has in effect the following policy ("Privacy Policy") with respect to nonpublic personal information about its customers:

•  Only such information received from you, through application forms or otherwise, and information about your Eaton Vance fund transactions will be collected. This may include information such as name, address, social security number, tax status, account balances and transactions.

•  None of such information about you (or former customers) will be disclosed to anyone, except as permitted by law (which includes disclosure to employees necessary to service your account). In the normal course of servicing a customer's account, Eaton Vance may share information with unaffiliated third parties that perform various required services such as transfer agents, custodians and broker/dealers.

•  Policies and procedures (including physical, electronic and procedural safeguards) are in place that are designed to protect the confidentiality of such information.

•  We reserve the right to change our Privacy Policy at any time upon proper notification to you. Customers may want to review our Policy periodically for changes by accessing the link on our homepage: www.eatonvance.com.

Our pledge of privacy applies to the following entities within the Eaton Vance organization: the Eaton Vance Family of Funds, Eaton Vance Management, Eaton Vance Investment Counsel, Boston Management and Research, and Eaton Vance Distributors, Inc.

In addition, our Privacy Policy only applies to those Eaton Vance customers who are individuals and who have a direct relationship with us. If a customer's account (i.e., fund shares) is held in the name of a third-party financial adviser/broker-dealer, it is likely that only such adviser's privacy policies apply to the customer. This notice supersedes all previously issued privacy disclosures.

For more information about Eaton Vance's Privacy Policy, please call 1-800-262-1122.

Delivery of Shareholder Documents. The Securities and Exchange Commission (the "SEC") permits funds to deliver only one copy of shareholder documents, including prospectuses, proxy statements and shareholder reports, to fund investors with multiple accounts at the same residential or post office box address. This practice is often called "householding" and it helps eliminate duplicate mailings to shareholders.

Eaton Vance, or your financial adviser, may household the mailing of your documents indefinitely unless you instruct Eaton Vance, or your financial adviser, otherwise.

If you would prefer that your Eaton Vance documents not be householded, please contact Eaton Vance at 1-800-262-1122, or contact your financial adviser.

Your instructions that householding not apply to delivery of your Eaton Vance documents will be effective within 30 days of receipt by Eaton Vance or your financial adviser.

Portfolio Holdings. Each Eaton Vance Fund and its underlying Portfolio (if applicable) will file a schedule of its portfolio holdings on Form N-Q with the SEC for the first and third quarters of each fiscal year. The Form N-Q will be available on the Eaton Vance website www.eatonvance.com, by calling Eaton Vance at 1-800-262-1122 or in the EDGAR database on the SEC's website at www.sec.gov. Form N-Q may also be reviewed and copied at the SEC's public reference room in Washington, D.C. (call 1-800-732-0330 for information on the operation of the public reference room).

Proxy Voting. From time to time, funds are required to vote proxies related to the securities held by the funds. The Eaton Vance Funds or their underlying Portfolios (if applicable) vote proxies according to a set of policies and procedures approved by the Funds' and Portfolios' Boards. You may obtain a description of these policies and procedures and information on how the Funds or Portfolios voted proxies relating to portfolio securities during the most recent 12 month period ended June 30, without charge, upon request, by calling 1-800-262-1122. This description is also available on the SEC's website at www.sec.gov.




 

Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

MANAGEMENT’S DISCUSSION OF FUND PERFORMANCE

 

Performance for the Past Year

 

·      Based on share price, Eaton Vance Senior Floating-Rate Trust (the “Fund”), a closed-end fund traded on the New York Stock Exchange, had a total return of -3.13% for the year ended October 31, 2007.(1)

 

·      Based on net asset value (NAV), the Fund had a total return of 3.93% for the year ended October 31, 2007.(1)

 

·      For performance comparison, the S&P/LSTA Leveraged Loan Index – an unmanaged index of U.S. dollar-denominated leveraged loans – had a total return of 4.42% for the year ended October 31, 2007.(2)

 

Investment Environment

 

·      The loan market underwent an unprecedented correction in the third quarter of 2007 that resulted from a decline in loan demand, combined with an increase in the supply of new loan issuance. Average loan market prices fell 4%-5% in July and August. The risk aversion that began in the subprime mortgage area spread to the leveraged loan market through increased credit spreads and loan price volatility, which in turn further reduced demand from key market participants, including hedge funds, collateralized loan participation funds and mutual funds. With investor demand falling and loan supply rising to record levels, prices fell to levels not seen since 2002.

 

·      Interestingly, this market decline was distinguished from previous corrections by the fact that corporate loan default rates have remained at historic lows, 0.5% according to Standard & Poor’s. Thus while there were increasing signs of a weakening economy, the market decline was primarily based on technical factors. The silver lining in the correction is that effective loan credit spreads widened from roughly 200 basis points (2.00%) over LIBOR – the London-Interbank Offered Rate, used by banks as a base for loans to large commercial and industrial companies – to around 300 basis points (3.00%) by the Fund’s fiscal year-end. That was closer to average historical levels.

 

The Fund’s Investments

 

·      The Fund’s investment objective is to seek to provide a high level of current income. As a secondary objective, it may also seek preservation of capital to the extent consistent with its primary goal of high current income. Under normal market conditions, the Fund invests at least 80% of its total assets in senior, secured floating-rate loans (“senior loans”). In managing the Fund, the investment adviser seeks to invest in a portfolio of senior loans that will be less volatile over time than the general loan market. The Fund may also invest in second lien loans and high yield bonds, and (as discussed below) employs leverage, which may increase risk.

 

·      The Fund’s investments included senior loans to 478 borrowers spanning 39 industries at October 31, 2007, with an average loan size of 0.19% of total investments, and no industry constituting more than 9% of total investments. Health care, publishing, cable and satellite television, chemicals and plastics, and business equipment and services were the largest industry weightings.(3)

 

·      The Fund is well diversified in terms of industry, market and geography – a strategy management believes should help the Fund weather an economic downturn. The Fund had a 10.2% exposure to European loans, which provided further diversification and the opportunity for yield enhancement. Loans denominated in foreign currencies were hedged to protect against foreign currency risk.(3)

 

·      The Fund’s exposure to builders and developers of housing was less than 1%. Home builders have struggled in the recent economic climate; however, management believes that these loans should benefit from the security and collateral that back these exposures. The Fund did not have any direct exposure to subprime or prime mortgage lenders during the year ended October 31, 2007.(3)

 


(1)  Performance results reflect the effect of leverage resulting from the Fund’s issuance of Auction Preferred Shares. Absent an expense waiver by the investment adviser, the returns would be lower.

(2)  It is not possible to invest directly in an Index. The Index’s total return reflects changes in value of the loans constituting the Index and accrual of interest and does not reflect the commissions or expenses that would have been incurred if an investor individually purchased or sold the loans represented in the Index. Unlike the Fund, the Index’s return does not reflect the effect of leverage, such as the issuance of Auction Preferred Shares.

(3)  Holdings and industry weightings are subject to change due to active management.

 

The views expressed in this report are those of the portfolio managers and are current only through the end of the period of the report as stated on the cover. These views are subject to change at any time based upon market or other conditions, and Eaton Vance disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for an Eaton Vance fund are based on many factors, may not be relied on as an indication of trading intent on behalf of any Eaton Vance fund.

 

Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value or share price (as applicable) with all distributions reinvested. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than the quoted return. For performance as of the most recent month end, please refer to www.eatonvance.com.

 

Shares of the Fund are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Shares are subject to investment risks, including possible loss of principal invested.

 

1



 

Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PERFORMANCE

 

·      The Fund’s net asset value per share reflected the market correction, declining in July and August, before temporarily rebounding somewhat in September and October. Despite the summer decline, the Fund registered a positive total return, at NAV, for the fiscal year.

 

·      At October 31, 2007, the Fund had leverage in the amount of approximately 39.8% of the Fund’s total assets. The Fund employs leverage though the issuance of Auction Preferred Shares (“APS”).(2) Use of financial leverage creates an opportunity for increased income but, at the same time, creates special risks (including the likelihood of greater volatility of net asset value and market price of common shares). The cost of the Fund’s APS rises and falls with changes in short-term interest rates. Such increases/decreases in cost of the Fund’s APS may be offset by increased/decreased income from the Fund’s senior loan investments.

 

Fund Performance as of 10/31/07(1)

 

 

 

New York Stock Exchange Symbol

 

EFR

 

 

 

 

 

Average Annual Total Return (by share price, NYSE)

 

 

 

One Year

 

-3.13

%

Life of Fund  (11/28/03)

 

3.10

 

 

 

 

 

Average Annual Total Return (at net asset value)

 

 

 

One Year

 

3.93

%

Life of fund (11/28/03)

 

5.62

 

 


(1)  Performance results reflect the effect of leverage resulting from the Fund’s issuance of Auction Preferred Shares. Absent an expense waiver by the investment adviser, the returns would be lower. In the event of a rise in long-term interest rates, the value of the Fund’s investment portfolio could decline, which would reduce the asset coverage for its Auction Preferred Shares.

(2)  In the event of a rise in long-term interest rates, the value of the Fund’s investment portfolio could decline, which would reduce the asset coverage for its Auction Preferred Shares.

 

Top Ten Holdings(3)

By total investments

 

Sungard Data Systems

 

1.3

%

Charter Communications Operating

 

1.2

 

WMG Acquisition Corp.

 

1.0

 

NRG Energy Inc.

 

1.0

 

Georgia-Pacific Corp.

 

0.9

 

Community Health Systems, Inc.

 

0.8

 

Univision Communications, Inc.

 

0.8

 

Metro-Goldwyn-Mayer Studios, Inc.

 

0.8

 

UPC Broadband Holding B.V.

 

0.8

 

Idearc, Inc.

 

0.7

 

 


(3)   Reflects the Fund’s investments as of October 31, 2007. Holdings are shown as a percentage of the Fund’s total investments. Fund information may not be representative of current or future investments and may change due to active management.

 

Top Five Industries(4)

By total investments

 

Health Care

 

8.2

%

Publishing

 

7.0

 

Cable & Satellite Television

 

6.6

 

Chemicals & Plastics

 

6.3

 

Business Equipment & Services

 

6.1

 

 


(4)   Reflects the Fund’s investments as of October 31, 2007. Industries are shown as a percentage of the Fund’s total investments. Fund information may not be representative of current or future investments and are subject to change due to active management.

 

Credit Quality Ratings for Total Loan Investments(5)

By total loan investments

 

Baa

 

2.3

%

Ba

 

50.5

 

B

 

30.5

 

Caa

 

3.0

 

Non-Rated(6)

 

13.7

 

 


(5)   Credit Quality ratings are those provided by Moody’s, a nationally recognized bond rating service. As a percentage of the Fund’s total loan investments as of October 31, 2007. Fund information may not be representative of current or future investments and may change due to active management.

(6)   Certain loans in which the Fund invests are not rated by a rating agency. In management’s opinion, such securities are comparable to securities rated by a rating agency in the categories listed above.

 

Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value or share price (as applicable) with all distributions reinvested. The Fund’s performance at market share price will differ from its results at NAV. Although share price performance generally reflects investment results over time, during shorter periods, returns at share price can also be affected by factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for the Fund’s shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than the quoted return. For performance as of the most recent month end, please refer to www.eatonvance.com.

 

2



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS

Senior Floating-Rate Interests — 151.5%(1)      
Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Aerospace and Defense — 2.6%      
ACTS Aero Technical Support & Service, Inc.      
$ 850,000     Term Loan, 8.47%, Maturing October 5, 2014   $ 827,687    
Colt Defense, LLC      
  997,500     Term Loan, 8.00%, Maturing July 9, 2014     991,266    
DAE Aviation Holdings, Inc.      
  485,066     Term Loan, 7.80%, Maturing July 31, 2009     484,763    
  964,935     Term Loan, 8.93%, Maturing July 31, 2014     965,537    
Evergreen International Aviation      
  1,464,772     Term Loan, 8.30%, Maturing October 31, 2011     1,428,153    
Hawker Beechcraft Acquisition      
  176,702     Term Loan, 5.20%, Maturing March 26, 2014     173,182    
  2,077,856     Term Loan, 7.17%, Maturing March 26, 2014     2,036,461    
Hexcel Corp.      
  897,869     Term Loan, 7.03%, Maturing March 1, 2012     879,912    
IAP Worldwide Services, Inc.      
  957,938     Term Loan, 11.50%, Maturing December 30, 2012     870,765    
Spirit AeroSystems, Inc.      
  1,613,859     Term Loan, 6.90%, Maturing December 31, 2011     1,601,755    
TransDigm, Inc.      
  1,625,000     Term Loan, 7.20%, Maturing June 23, 2013     1,602,149    
Vought Aircraft Industries, Inc.      
  2,128,447     Term Loan, 7.34%, Maturing December 17, 2011     2,109,823    
Wesco Aircraft Hardware Corp.      
  1,142,688     Term Loan, 7.45%, Maturing September 29, 2013     1,131,023    
Wyle Laboratories, Inc.      
  245,059     Term Loan, 8.11%, Maturing January 28, 2011     241,383    
            $ 15,343,859    
Air Transport — 0.9%      
Airport Development and Investment, Ltd.      
GBP 986,070     Term Loan, 10.28%, Maturing April 7, 2011   $ 1,995,389    
Delta Air Lines, Inc.      
  1,197,000     Term Loan, 8.08%, Maturing April 30, 2014     1,188,237    
Northwest Airlines, Inc.      
  2,079,000     DIP Loan, 7.03%, Maturing August 21, 2008     2,005,368    
            $ 5,188,994    
Automotive — 6.5%      
Accuride Corp.      
$ 1,957,967     Term Loan, 7.13%, Maturing January 31, 2012   $ 1,921,255    
Adesa, Inc.      
  4,214,438     Term Loan, 7.45%, Maturing October 18, 2013     4,084,616    

 

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Automotive (continued)      
Affina Group, Inc.      
$ 1,370,985     Term Loan, 7.96%, Maturing November 30, 2011   $ 1,370,128    
Allison Transmission, Inc.      
  3,000,000     Term Loan, 8.17%, Maturing September 30, 2014     2,931,249    
AxleTech International Holding, Inc.      
  1,750,000     Term Loan, 11.73%, Maturing April 21, 2013     1,721,562    
CSA Acquisition Corp.      
  1,257,157     Term Loan, 7.75%, Maturing December 23, 2011     1,241,704    
  491,250     Term Loan, 7.75% Maturing December 23, 2012     488,794    
Dana Corp.      
  2,350,000     Term Loan, 7.98%, Maturing March 30, 2008     2,339,928    
Dayco Products, LLC      
  1,951,090     Term Loan, 7.76%, Maturing June 21, 2011     1,890,729    
Delphi Corp.      
  1,000,000     DIP Loan, 7.88%, Maturing December 31, 2007     998,646    
Federal-Mogul Corp.      
  2,915,607     Revolving Loan, 6.28%, Maturing December 31, 2007(2)     2,876,976    
Ford Motor Co.      
  1,761,688     Term Loan, 8.70%, Maturing December 15, 2013     1,699,227    
General Motors Corp.      
  3,431,600     Term Loan, 7.62%, Maturing November 29, 2013     3,373,263    
Goodyear Tire & Rubber Co.      
  2,400,000     Term Loan, 6.43%, Maturing April 30, 2010     2,337,499    
HLI Operating Co., Inc.      
EUR 1,890,909     Term Loan, 6.87%, Maturing May 30, 2014     2,650,183    
EUR 109,091     Term Loan, 7.16%, Maturing May 30, 2014     154,671    
Keystone Automotive Operations, Inc.      
  1,391,994     Term Loan, 8.65%, Maturing January 12, 2012     1,302,674    
LKQ Corp.      
  975,000     Term Loan, 7.36%, Maturing October 12, 2014     972,562    
Osprey Acquisitions, Ltd.      
GBP 1,000,000     Term Loan, 7.96%, Maturing September 30, 2011     2,038,400    
TriMas Corp.      
  234,375     Term Loan, 6.79%, Maturing August 2, 2011     230,566    
  1,005,469     Term Loan, 7.23%, Maturing August 2, 2013     989,130    
United Components, Inc.      
  1,346,629     Term Loan, 7.38%, Maturing June 30, 2010     1,321,379    
            $ 38,935,141    
Beverage and Tobacco — 0.5%      
Constellation Brands, Inc.      
$ 560,000     Term Loan, 6.69%, Maturing June 5, 2013   $ 552,884    
Culligan International Co.      
EUR 975,000     Term Loan, 9.33%, Maturing May 31, 2013     1,255,417    

 

See notes to financial statements
3



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Beverage and Tobacco (continued)      
Southern Wine & Spirits of America, Inc.      
  1,427,789     Term Loan, 6.70%, Maturing May 31, 2012   $ 1,425,112    
            $ 3,233,413    
Brokers, Dealers and Investment Houses — 0.1%      
AmeriTrade Holding Corp.      
$ 730,172     Term Loan, 6.25%, Maturing December 31, 2012   $ 722,795    
            $ 722,795    
Building and Development — 5.6%      
Beacon Sales Acquisition, Inc.      
$ 693,000     Term Loan, 7.16%, Maturing September 30, 2013   $ 665,280    
Brickman Group Holdings, Inc.      
  1,218,875     Term Loan, 7.14%, Maturing January 23, 2014     1,185,356    
Building Materials Corp. of America      
  1,414,339     Term Loan, 7.94%, Maturing February 22, 2014     1,291,594    
Capital Automotive REIT      
  1,232,598     Term Loan, 6.88%, Maturing December 16, 2010     1,219,712    
Epco/Fantome, LLC      
  1,464,000     Term Loan, 7.59%, Maturing November 23, 2010     1,467,660    
Hovstone Holdings, LLC      
  1,334,952     Term Loan, 7.63%, Maturing February 28, 2009     1,214,807    
LNR Property Corp.      
  2,800,000     Term Loan, 8.11%, Maturing July 3, 2011     2,737,000    
Metroflag BP, LLC      
  500,000     Term Loan, 14.09%, Maturing July 1, 2008     495,000    
Mueller Water Products, Inc.      
  1,789,223     Term Loan, 6.69%, Maturing May 24, 2014     1,764,342    
NCI Building Systems, Inc.      
  594,000     Term Loan, 6.88%, Maturing June 18, 2010     582,863    
Nortek, Inc.      
  2,711,126     Term Loan, 7.05%, Maturing August 27, 2011     2,656,903    
November 2005 Land Investors      
  396,647     Term Loan, 7.57%, Maturing May 9, 2011     356,983    
Panolam Industries Holdings, Inc.      
  542,430     Term Loan, 7.95%, Maturing September 30, 2012     520,733    
PLY GEM Industries, Inc.      
  1,915,372     Term Loan, 7.95%, Maturing August 15, 2011     1,803,322    
Realogy Corp.      
  901,516     Term Loan, 4.97%, Maturing September 1, 2014     840,213    
  3,340,113     Term Loan, 8.24%, Maturing September 1, 2014     3,112,985    
South Edge, LLC      
  787,500     Term Loan, 6.81%, Maturing October 31, 2009     708,750    

 

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Building and Development (continued)      
Stile Acquisition Corp.      
$ 1,163,481     Term Loan, 7.14%, Maturing April 6, 2013   $ 1,096,021    
Stile U.S. Acquisition Corp.      
  1,165,468     Term Loan, 7.12%, Maturing April 6, 2013     1,097,893    
Tousa/Kolter, LLC      
  1,297,200     Term Loan, 8.46%, Maturing January 7, 2008     1,293,957    
TRU 2005 RE Holding Co.      
  4,100,000     Term Loan, 8.13%, Maturing December 9, 2008     4,062,415    
United Subcontractors, Inc.      
  825,000     Term Loan, 12.36%, Maturing June 27, 2013     684,750    
Wintergames Acquisition ULC      
  2,782,468     Term Loan, 8.13%, Maturing April 24, 2008     2,761,599    
            $ 33,620,138    
Business Equipment and Services — 9.6%      
ACCO Brands Corp.      
$ 1,307,450     Term Loan, 7.18%, Maturing August 17, 2012   $ 1,289,473    
Activant Solutions, Inc.      
  721,446     Term Loan, 7.38%, Maturing May 1, 2013     691,235    
Affiliated Computer Services      
  810,563     Term Loan, 6.82%, Maturing March 20, 2013     801,950    
  2,147,813     Term Loan, 6.96%, Maturing March 20, 2013     2,124,992    
Affinion Group, Inc.      
  2,494,101     Term Loan, 7.98%, Maturing October 17, 2012     2,476,436    
Allied Security Holdings, LLC      
  1,252,727     Term Loan, 8.20%, Maturing June 30, 2010     1,248,030    
Buhrmann US, Inc.      
  3,075,695     Term Loan, 7.30%, Maturing December 31, 2010     3,044,938    
DynCorp International, LLC      
  1,076,356     Term Loan, 7.25%, Maturing February 11, 2011     1,041,374    
Education Management, LLC      
  2,717,019     Term Loan, 7.00%, Maturing June 1, 2013     2,642,301    
Info USA, Inc.      
  614,109     Term Loan, 7.20%, Maturing February 14, 2012     604,898    
iPayment, Inc.      
  1,667,042     Term Loan, 7.04%, Maturing May 10, 2013     1,592,025    
ista International GmbH      
EUR 1,275,000     Term Loan, 6.34%, Maturing May 14, 2015     1,755,670    
Kronos, Inc.      
  1,097,250     Term Loan, 7.45%, Maturing June 11, 2014     1,063,647    
Language Line, Inc.      
  2,184,378     Term Loan, 8.42%, Maturing June 11, 2011     2,134,319    
Mitchell International, Inc.      
  1,000,000     Term Loan, 10.50%, Maturing March 28, 2015     920,000    

 

See notes to financial statements
4



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Business Equipment and Services (continued)      
N.E.W. Holdings I, LLC      
$ 981,955     Term Loan, 7.77%, Maturing May 22, 2014   $ 930,096    
Protection One, Inc.      
  905,154     Term Loan, 7.39%, Maturing March 31, 2012     888,183    
Quantum Corp.      
  403,750     Term Loan, 8.70%, Maturing July 12, 2014     400,722    
Quintiles Transnational Corp.      
  1,700,000     Term Loan, 9.20%, Maturing March 31, 2014     1,691,500    
Sabre, Inc.      
  4,057,297     Term Loan, 6.96%, Maturing September 30, 2014     3,862,802    
Serena Software, Inc.      
  517,500     Term Loan, 7.18%, Maturing March 10, 2013     501,112    
Sitel (Client Logic)      
  1,995,594     Term Loan, 7.30%, Maturing January 29, 2014     1,900,803    
Solera Holdings, LLC      
EUR 796,000     Term Loan, 6.75%, Maturing May 15, 2014     1,122,823    
SunGard Data Systems, Inc.      
  12,806,724     Term Loan, 7.36%, Maturing February 11, 2013     12,661,188    
TDS Investor Corp.      
EUR 1,054,228     Term Loan, 6.98%, Maturing August 23, 2013     1,496,606    
  1,615,004     Term Loan, 7.45%, Maturing August 23, 2013     1,585,732    
Transaction Network Services, Inc.      
  651,778     Term Loan, 7.48%, Maturing May 4, 2012     642,001    
Valassis Communications, Inc.      
  477,883     Term Loan, 6.95%, Maturing March 2, 2014     455,483    
VWR International, Inc.      
  1,625,000     Term Loan, 7.70%, Maturing June 28, 2013     1,572,696    
WAM Acquisition, S.A.      
EUR 400,000     Term Loan, 6.57%, Maturing May 4, 2014     563,937    
EUR 400,000     Term Loan, 6.82%, Maturing May 4, 2015     566,567    
West Corp.      
  3,415,565     Term Loan, 7.27%, Maturing October 24, 2013     3,355,082    
            $ 57,628,621    
Cable and Satellite Television — 10.8%      
Atlantic Broadband Finance, LLC      
$ 4,240,923     Term Loan, 7.45%, Maturing February 10, 2011   $ 4,189,680    
Bragg Communications, Inc.      
  2,150,000     Term Loan, 8.06%, Maturing August 31, 2014     2,154,031    
Bresnan Broadband Holdings, LLC      
  500,000     Term Loan, 7.18%, Maturing March 29, 2014     488,571    
  1,200,000     Term Loan, 9.95%, Maturing March 29, 2014     1,197,500    
Cequel Communications, LLC      
  1,550,000     Term Loan, 9.86%, Maturing May 5, 2014     1,526,750    
  3,339,203     Term Loan, 11.36%, Maturing May 5, 2014     3,288,280    

 

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Cable and Satellite Television (continued)      
Charter Communications Operating, Inc.      
$ 12,118,808     Term Loan, 6.99%, Maturing April 28, 2013   $ 11,666,377    
CSC Holdings, Inc.      
  5,003,467     Term Loan, 6.88%, Maturing March 29, 2013     4,895,477    
CW Media Holdings, Inc.      
  625,000     Term Loan, 8.50%, Maturing February 15, 2015     625,000    
Insight Midwest Holdings, LLC      
  5,325,000     Term Loan, 7.00%, Maturing April 6, 2014     5,222,568    
Mediacom Broadband Group      
  5,851,234     Term Loan, 6.61%, Maturing January 31, 2015     5,683,011    
Mediacom Illinois, LLC      
  2,763,864     Term Loan, 6.61%, Maturing January 31, 2015     2,688,289    
NTL Investment Holdings, Ltd.      
  2,492,490     Term Loan, 7.22%, Maturing March 30, 2012     2,424,727    
GBP 800,000     Term Loan, 8.29%, Maturing March 30, 2012     1,613,461    
Orion Cable GmbH      
EUR 1,075,000     Term Loan, 7.03%, Maturing October 31, 2014     1,535,167    
EUR 1,075,000     Term Loan, 7.98%, Maturing October 31, 2015     1,542,943    
ProSiebenSat.1 Media AG      
EUR 608,000     Term Loan, 6.19%, Maturing March 2, 2015(2)     827,397    
EUR 284,000     Term Loan, 6.55%, Maturing June 26, 2015     395,437    
EUR 608,000     Term Loan, 6.40%, Maturing March 2, 2016(2)     830,036    
EUR 575,000     Term Loan, 6.93%, Maturing September 2, 2016(2)     769,490    
EUR 375,568     Term Loan, 7.78%, Maturing March 2, 2017(2)     508,941    
UPC Broadband Holding B.V.      
EUR 4,050,000     Term Loan, 6.30%, Maturing October 16, 2011     5,683,891    
  1,950,000     Term Loan, 7.13%, Maturing December 31, 2014     1,889,977    
YPSO Holding SA      
EUR 1,000,000     Term Loan, 6.68%, Maturing July 28, 2014     1,405,518    
EUR 1,000,000     Term Loan, 6.93%, Maturing July 28, 2015     1,416,459    
            $ 64,468,978    
Chemicals and Plastics — 10.2%      
AZ Chem US, Inc.      
$ 500,000     Term Loan, Maturing February 28, 2014(3)   $ 456,666    
Brenntag Holding GmbH and Co. KG      
  1,900,000     Term Loan, 7.39%, Maturing December 23, 2013     1,862,395    
  1,000,000     Term Loan, 9.39%, Maturing December 23, 2015     961,875    
Celanese Holdings, LLC      
  4,203,875     Term Loan, 6.98%, Maturing April 2, 2014     4,137,315    
Cognis GmbH      
EUR 1,000,000     Term Loan, 6.73%, Maturing September 15, 2013     1,397,922    
First Chemical Holding      
EUR 1,000,000     Term Loan, 6.75%, Maturing December 18, 2014(2)     1,414,901    

 

See notes to financial statements
5



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Chemicals and Plastics (continued)      
Foamex L.P.      
$ 1,744,950     Term Loan, 7.44%, Maturing February 12, 2013   $ 1,682,423    
Georgia Gulf Corp.      
  929,766     Term Loan, 7.63%, Maturing October 3, 2013     919,790    
Hercules, Inc.      
  579,675     Term Loan, 6.71%, Maturing October 8, 2010     576,052    
Hexion Specialty Chemicals, Inc.      
  498,750     Term Loan, 7.44%, Maturing May 5, 2012     494,620    
  5,460,900     Term Loan, 7.50%, Maturing May 5, 2013     5,415,678    
Huish Detergents, Inc.      
  947,625     Term Loan, 7.20%, Maturing April 26, 2014     904,728    
INEOS Group      
  1,608,750     Term Loan, 7.36%, Maturing December 14, 2013     1,596,972    
  1,608,750     Term Loan, 7.86%, Maturing December 14, 2014     1,596,972    
Innophos, Inc.      
  596,860     Term Loan, 7.01%, Maturing August 10, 2010     592,384    
Invista B.V.      
  3,822,448     Term Loan, 6.70%, Maturing April 29, 2011     3,765,111    
ISP Chemco, Inc.      
  2,593,500     Term Loan, 7.09%, Maturing June 4, 2014     2,539,036    
Kleopatra      
EUR 575,000     Term Loan, 7.28%, Maturing January 3, 2016     766,717    
  825,000     Term Loan, 7.74%, Maturing January 3, 2016     746,625    
Kranton Polymers, LLC      
  2,886,396     Term Loan, 7.25%, Maturing May 12, 2013     2,821,453    
Lucite International Group Holdings      
  816,829     Term Loan, 7.45%, Maturing July 7, 2013     802,534    
Lyondell Chemical Co.      
  3,960,000     Term Loan, 6.25%, Maturing August 16, 2013     3,945,700    
MacDermid, Inc.      
EUR 995,000     Term Loan, 6.98%, Maturing April 12, 2014     1,396,331    
Millenium Inorganic Chemicals      
  350,000     Term Loan, 7.45%, Maturing April 30, 2014     340,229    
  975,000     Term Loan, 10.95%, Maturing October 31, 2014     916,500    
Momentive Performance Material      
  1,712,063     Term Loan, 7.81%, Maturing December 4, 2013     1,682,408    
Nalco Co.      
  5,411,119     Term Loan, 6.97%, Maturing November 4, 2010     5,389,815    
Professional Paint, Inc.      
  715,938     Term Loan, 7.64%, Maturing May 31, 2012     680,141    
  350,000     Term Loan, 11.56%, Maturing May 31, 2013     332,500    
Propex Fabrics, Inc.      
  810,160     Term Loan, 10.58%, Maturing July 31, 2012     725,094    
Rockwood Specialties Group, Inc.      
  4,338,750     Term Loan, 6.46%, Maturing December 10, 2012     4,276,111    

 

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Chemicals and Plastics (continued)      
Solo Cup Co.      
$ 1,826,989     Term Loan, 8.66%, Maturing February 27, 2011   $ 1,826,010    
Solutia, Inc.      
  1,748,505     DIP Loan, 8.06%, Maturing March 31, 2008     1,746,867    
Wellman, Inc.      
  2,250,000     Term Loan, 9.36%, Maturing February 10, 2009     2,199,937    
            $ 60,909,812    
Clothing / Textiles — 0.6%      
Hanesbrands, Inc.      
$ 1,570,500     Term Loan, 6.74%, Maturing September 5, 2013   $ 1,553,127    
  850,000     Term Loan, 8.82%, Maturing March 5, 2014     855,844    
St. John Knits International, Inc.      
  577,673     Term Loan, 8.20%, Maturing March 23, 2012     569,008    
The William Carter Co.      
  633,449     Term Loan, 6.40%, Maturing July 14, 2012     624,079    
            $ 3,602,058    
Conglomerates — 3.5%      
Amsted Industries, Inc.      
$ 1,711,053     Term Loan, 7.28%, Maturing October 15, 2010   $ 1,684,318    
Blount, Inc.      
  340,422     Term Loan, 6.88%, Maturing August 9, 2010     334,039    
Doncasters (Dunde HoldCo 4 Ltd.)      
  431,763     Term Loan, 7.61%, Maturing July 13, 2015     419,900    
  431,763     Term Loan, 8.11%, Maturing July 13, 2015     420,980    
GBP 500,000     Term Loan, 10.60%, Maturing January 13, 2016     1,004,918    
GenTek, Inc.      
  505,008     Term Loan, 7.34%, Maturing February 25, 2011     495,539    
Goodman Global Holdings, Inc.      
  434,230     Term Loan, 7.19%, Maturing December 23, 2011     423,375    
ISS Holdings A/S      
EUR 1,200,000     Term Loan, 6.73%, Maturing December 31, 2013     1,701,688    
Jarden Corp.      
  3,370,825     Term Loan, 6.95%, Maturing January 24, 2012     3,309,730    
Johnson Diversey, Inc.      
  1,680,408     Term Loan, 7.36%, Maturing December 16, 2011     1,662,553    
Polymer Group, Inc.      
  2,529,938     Term Loan, 7.29%, Maturing November 22, 2012     2,510,963    
RBS Global, Inc.      
  1,284,836     Term Loan, 7.60%, Maturing July 19, 2013     1,279,215    
  296,250     Term Loan, 7.64%, Maturing July 19, 2013     294,954    

 

See notes to financial statements
6



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Conglomerates (continued)      
RGIS Holdings, LLC      
$ 23,810     Term Loan, Maturing April 30, 2014(3)   $ 22,857    
  476,190     Term Loan, Maturing April 30, 2014(3)     457,143    
  2,493,750     Term Loan, 7.25%, Maturing April 30, 2014     2,401,485    
US Investigations Services, Inc.      
  1,925,000     Term Loan, Maturing February 21, 2015(3)     1,872,062    
Vertrue, Inc.      
  850,000     Term Loan, 8.20%, Maturing August 16, 2014     826,625    
            $ 21,122,344    
Containers and Glass Products — 4.5%      
Berry Plastics Corp.      
$ 1,890,500     Term Loan, 7.36%, Maturing April 3, 2015   $ 1,839,693    
Bluegrass Container Co.      
  375,250     Term Loan, 7.29%, Maturing June 30, 2013     373,541    
  1,254,125     Term Loan, 7.32%, Maturing June 30, 2013     1,248,414    
  1,175,000     Term Loan, 9.75%, Maturing December 30, 2013     1,183,078    
Consolidated Container Co.      
  1,000,000     Term Loan, 10.66%, Maturing September 28, 2014     882,500    
Crown Americas, Inc.      
  618,750     Term Loan, 7.31%, Maturing November 15, 2012     611,531    
Graham Packaging Holdings Co.      
  4,228,750     Term Loan, 7.66%, Maturing October 7, 2011     4,155,407    
Graphic Packaging International, Inc.      
  5,746,125     Term Loan, 7.39%, Maturing May 16, 2014     5,718,934    
IPG (US), Inc.      
  1,293,520     Term Loan, 9.59%, Maturing July 28, 2011     1,283,819    
JSG Acquisitions      
  1,845,000     Term Loan, 7.12%, Maturing December 31, 2013     1,772,353    
  1,845,000     Term Loan, 7.37%, Maturing December 13, 2014     1,781,578    
Kranson Industries, Inc.      
  842,292     Term Loan, 7.45%, Maturing July 31, 2013     829,657    
Owens-Brockway Glass Container      
  1,555,938     Term Loan, 6.59%, Maturing June 14, 2013     1,531,141    
Smurfit-Stone Container Corp.      
  650,961     Term Loan, 5.02%, Maturing November 1, 2011     645,773    
  632,134     Term Loan, 7.19%, Maturing November 1, 2011     627,097    
  969,092     Term Loan, 7.43%, Maturing November 1, 2011     961,370    
  1,435,206     Term Loan, 7.52%, Maturing November 1, 2011     1,423,768    
            $ 26,869,654    

 

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Cosmetics / Toiletries — 0.7%      
American Safety Razor Co.      
$ 498,737     Term Loan, 7.51%, Maturing July 31, 2013   $ 493,750    
  900,000     Term Loan, 11.69%, Maturing July 31, 2014     900,000    
Bausch & Lomb, Inc.      
  110,000     Term Loan, Maturing April 30, 2015(3)     110,309    
  440,000     Term Loan, Maturing April 30, 2015(3)     441,238    
KIK Custom Products, Inc.      
  975,000     Term Loan, 10.20%, Maturing November 30, 2014     814,125    
Prestige Brands, Inc.      
  1,577,472     Term Loan, 7.73%, Maturing April 7, 2011     1,569,585    
            $ 4,329,007    
Drugs — 1.3%      
Graceway Pharmaceuticals, LLC      
$ 811,250     Term Loan, 7.95%, Maturing May 3, 2012   $ 778,192    
  1,000,000     Term Loan, 11.70%, Maturing May 3, 2013     915,000    
  275,000     Term Loan, 13.45%, Maturing November 3, 2013     233,750    
Pharmaceutical Holdings Corp.      
  658,125     Term Loan, 8.07%, Maturing January 30, 2012     641,672    
Stiefel Laboratories, Inc.      
  1,736,875     Term Loan, 7.50%, Maturing December 28, 2013     1,704,309    
Warner Chilcott Corp.      
  740,076     Term Loan, 7.20%, Maturing January 18, 2012     730,085    
  2,472,818     Term Loan, 7.24%, Maturing January 18, 2012     2,439,435    
            $ 7,442,443    
Ecological Services and Equipment — 2.3%      
Allied Waste Industries, Inc.      
$ 1,284,460     Term Loan, 5.50%, Maturing January 15, 2012   $ 1,263,186    
  2,387,805     Term Loan, 6.54%, Maturing January 15, 2012     2,348,258    
Blue Waste B.V. (AVR Acquisition)      
EUR 1,000,000     Term Loan, 6.98%, Maturing April 1, 2015     1,421,733    
Cory Environmental Holdings      
GBP 500,000     Term Loan, 10.05%, Maturing September 30, 2014     1,030,236    
Environmental Systems Products Holdings, Inc.      
  1,165,123     Term Loan, 13.75%, Maturing December 12, 2010(4)     1,165,123    
IESI Corp.      
  970,588     Term Loan, 7.17%, Maturing January 20, 2012     944,503    
Kemble Water Structure Ltd.      
GBP 1,250,000     Term Loan, 10.05%, Maturing October 13, 2013     2,552,868    
Sensus Metering Systems, Inc.      
  2,243,478     Term Loan, 7.26%, Maturing December 17, 2010     2,209,826    
  145,761     Term Loan, 7.36%, Maturing December 17, 2010     143,575    
Waste Services, Inc.      
  750,000     Term Loan, 7.38%, Maturing March 31, 2011     738,750    
            $ 13,818,058    

 

See notes to financial statements
7



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Electronics / Electrical — 4.4%      
AMI Semiconductor, Inc.      
$ 1,813,095     Term Loan, 6.82%, Maturing April 1, 2012   $ 1,754,169    
Aspect Software, Inc.      
  2,004,750     Term Loan, 8.25%, Maturing July 11, 2011     1,944,607    
  1,800,000     Term Loan, 12.31%, Maturing July 11, 2013     1,728,000    
EnerSys Capital, Inc.      
  1,064,456     Term Loan, 7.07%, Maturing March 17, 2011     1,045,828    
FCI International S.A.S.      
  850,000     Term Loan, 7.76%, Maturing November 1, 2013     822,694    
Freescale Semiconductor, Inc.      
  4,292,563     Term Loan, 7.33%, Maturing December 1, 2013     4,129,733    
Infor Enterprise Solutions Holdings      
  4,483,491     Term Loan, 8.95%, Maturing July 28, 2012     4,371,403    
  500,000     Term Loan, 10.70%, Maturing March 2, 2014     471,250    
  500,000     Term Loan, 11.45%, Maturing March 2, 2014     471,250    
Network Solutions, LLC      
  732,800     Term Loan, 7.61%, Maturing March 7, 2014     696,160    
Open Solutions, Inc.      
  2,089,868     Term Loan, 7.28%, Maturing January 23, 2014     2,004,968    
Sensata Technologies Finance Co.      
  1,782,462     Term Loan, 6.76%, Maturing April 27, 2013     1,738,696    
Spectrum Brands, Inc.      
  57,701     Term Loan, 4.97%, Maturing March 30, 2013     56,922    
  1,164,380     Term Loan, 9.37%, Maturing March 30, 2013     1,148,661    
TTM Technologies, Inc.      
  334,125     Term Loan, 7.22%, Maturing October 27, 2012     332,872    
VeriFone, Inc.      
  732,375     Term Loan, 6.71%, Maturing October 31, 2013     729,629    
Vertafore, Inc.      
  2,238,764     Term Loan, 8.01%, Maturing January 31, 2012     2,207,981    
  850,000     Term Loan, 11.51%, Maturing January 31, 2013     826,625    
            $ 26,481,448    
Equipment Leasing — 1.5%      
AWAS Capital, Inc.      
$ 2,102,124     Term Loan, 11.25%, Maturing March 22, 2013   $ 2,070,593    
Maxim Crane Works, L.P.      
  872,813     Term Loan, 6.81%, Maturing June 29, 2014     829,172    
The Hertz Corp.      
  400,000     Term Loan, 5.24%, Maturing December 21, 2012     394,518    
  2,223,242     Term Loan, 6.87%, Maturing December 21, 2012     2,192,772    
United Rentals, Inc.      
  1,030,874     Term Loan, 5.32%, Maturing February 14, 2011     1,027,781    
  2,450,698     Term Loan, 7.13%, Maturing February 14, 2011     2,443,346    
            $ 8,958,182    

 

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Farming / Agriculture — 0.5%      
BF Bolthouse HoldCo, LLC      
$ 1,150,000     Term Loan, 10.70%, Maturing December 16, 2013   $ 1,147,485    
Central Garden & Pet Co.      
  2,043,875     Term Loan, 6.56%, Maturing February 28, 2014     1,880,365    
            $ 3,027,850    
Financial Intermediaries — 1.8%      
Citco III, Ltd.      
$ 1,275,000     Term Loan, 7.63%, Maturing June 30, 2014   $ 1,239,937    
Coinstar, Inc.      
  519,440     Term Loan, 7.13%, Maturing July 7, 2011     518,791    
Grosvenor Capital Management      
  1,535,592     Term Loan, 7.33%, Maturing December 5, 2013     1,512,558    
INVESTools, Inc.      
  450,000     Term Loan, 8.45%, Maturing August 13, 2012     441,000    
Jupiter Asset Management Group      
GBP 447,059     Term Loan, 8.74%, Maturing June 30, 2015     888,415    
LPL Holdings, Inc.      
  3,570,874     Term Loan, 7.20%, Maturing December 18, 2014     3,526,238    
Oxford Acquisition III, Ltd.      
  929,820     Term Loan, 6.90%, Maturing May 24, 2014     884,823    
RJO Holdings Corp. (RJ O'Brien)      
  475,000     Term Loan, 7.76%, Maturing July 31, 2014     437,594    
Travelex America Holdings, Inc.      
  375,000     Term Loan, Maturing October 31, 2013(3)     367,500    
  375,000     Term Loan, Maturing October 31, 2014(3)     369,375    
            $ 10,186,231    
Food Products — 4.3%      
Acosta, Inc.      
$ 3,063,106     Term Loan, 7.01%, Maturing July 28, 2013   $ 3,001,844    
Advantage Sales & Marketing, Inc.      
  1,260,949     Term Loan, 6.94%, Maturing March 29, 2013     1,218,392    
Black Lion Beverages III B.V.      
EUR 147,059     Term Loan, 6.31%, Maturing December 31, 2013     208,053    
EUR 852,941     Term Loan, 6.31%, Maturing December 31, 2014     1,206,710    
Chiquita Brands, LLC      
  1,036,292     Term Loan, 7.88%, Maturing June 28, 2012     1,021,827    
Dean Foods Co.      
  3,457,625     Term Loan, 6.70%, Maturing April 2, 2014     3,354,484    

 

See notes to financial statements
8



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Food Products (continued)      
Dole Food Company, Inc.      
$ 162,791     Term Loan, 5.16%, Maturing April 12, 2013   $ 158,370    
  1,202,616     Term Loan, 7.41%, Maturing April 12, 2013     1,169,962    
  360,785     Term Loan, 7.57%, Maturing April 12, 2013     350,988    
Michael Foods, Inc.      
  3,152,042     Term Loan, 7.36%, Maturing November 21, 2010     3,112,642    
National Dairy Holdings, L.P.      
  719,543     Term Loan, 6.82%, Maturing March 15, 2012     703,353    
Pinnacle Foods Finance, LLC      
  3,765,563     Term Loan, 7.95%, Maturing April 2, 2014     3,649,233    
Provimi Group SA      
EUR 750,000     Term Loan, Maturing June 28, 2015(3)     1,053,189    
EUR 384,472     Term Loan, 6.60%, Maturing June 28, 2015     539,895    
EUR 282,055     Term Loan, 6.60%, Maturing June 28, 2015     396,076    
EUR 559,105     Term Loan, 6.62%, Maturing June 28, 2015(2)     785,123    
EUR 324,424     Term Loan, 6.62%, Maturing June 28, 2015(2)     455,572    
  294,112     Term Loan, 7.37%, Maturing June 28, 2015     285,472    
EUR 46,773     Term Loan, 8.63%, Maturing June 28, 2015(2)     63,779    
EUR 697,446     Term Loan, 8.60%, Maturing December 28, 2016(2)     951,010    
  282,126     Term Loan, 9.37%, Maturing December 28, 2016(2)     265,903    
Reddy Ice Group, Inc.      
  1,970,000     Term Loan, 7.00%, Maturing August 9, 2012     1,935,525    
            $ 25,887,402    
Food Service — 2.9%      
AFC Enterprises, Inc.      
$ 464,266     Term Loan, 7.50%, Maturing May 23, 2009   $ 456,722    
Aramark Corp.      
  203,414     Term Loan, 5.20%, Maturing January 26, 2014     198,863    
  2,842,419     Term Loan, 7.20%, Maturing January 26, 2014     2,778,820    
GBP 992,500     Term Loan, 8.44%, Maturing January 27, 2014     2,010,226    
Buffets, Inc.      
  186,667     Term Loan, 5.10%, Maturing May 1, 2013     169,750    
  1,402,733     Term Loan, 8.54%, Maturing November 1, 2013     1,275,611    
Burger King Corp.      
  1,078,126     Term Loan, 6.75%, Maturing June 30, 2012     1,068,153    
CBRL Group, Inc.      
  1,767,239     Term Loan, 6.86%, Maturing April 27, 2013     1,723,058    
Denny's, Inc.      
  133,333     Term Loan, 5.12%, Maturing March 31, 2012     131,667    
  683,380     Term Loan, 7.26%, Maturing March 31, 2012     674,837    
JRD Holdings, Inc.      
  750,000     Term Loan, Maturing June 26, 2014(3)     729,375    
  629,686     Term Loan, 7.74%, Maturing June 26, 2014     622,719    
NPC International, Inc.      
  380,000     Term Loan, 6.98%, Maturing May 3, 2013     366,700    

 

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Food Service (continued)      
OSI Restaurant Partners, LLC      
$ 113,342     Term Loan, 5.52%, Maturing May 9, 2013   $ 109,488    
  1,433,066     Term Loan, 7.06%, Maturing May 9, 2014     1,384,342    
QCE Finance, LLC      
  1,238,097     Term Loan, 7.45%, Maturing May 5, 2013     1,202,416    
  950,000     Term Loan, 10.95%, Maturing November 5, 2013     913,900    
Sagittarius Restaurants, LLC      
  394,000     Term Loan, 7.45%, Maturing March 29, 2013     364,450    
Selecta      
EUR 741,246     Term Loan, 8.37%, Maturing December 28, 2015     991,968    
            $ 17,173,065    
Food / Drug Retailers — 2.6%      
General Nutrition Centers, Inc.      
$ 900,000     Term Loan, Maturing September 16, 2013(3)   $ 837,000    
  1,044,750     Term Loan, 7.48%, Maturing September 16, 2013     1,018,414    
Iceland Foods Group, Ltd.      
GBP 1,250,000     Term Loan, 8.93%, Maturing May 2, 2014     2,590,196    
GBP 1,250,000     Term Loan, 9.43%, Maturing May 2, 2015     2,603,179    
Krispy Kreme Doughnut Corp.      
  396,582     Term Loan, 7.71%, Maturing February 16, 2014     376,753    
Pantry, Inc. (The)      
  238,889     Term Loan, 0.00%, Maturing May 15, 2014(2)     231,872    
  834,021     Term Loan, 6.51%, Maturing May 15, 2014     809,521    
Rite Aid Corp.      
  3,900,000     Term Loan, 6.79%, Maturing June 1, 2014     3,802,500    
Roundy's Supermarkets, Inc.      
  3,365,319     Term Loan, 8.46%, Maturing November 3, 2011     3,354,103    
            $ 15,623,538    
Forest Products — 2.8%      
Appleton Papers, Inc.      
$ 1,346,625     Term Loan, 7.02%, Maturing June 5, 2014   $ 1,298,231    
Boise Cascade Holdings, LLC      
  3,414,339     Term Loan, 6.49%, Maturing April 30, 2014     3,394,707    
  768,503     Term Loan, 6.72%, Maturing April 30, 2014     764,084    
Georgia-Pacific Corp.      
  8,695,125     Term Loan, 7.41%, Maturing December 20, 2012     8,503,363    
NewPage Corp.      
  1,762,160     Term Loan, 7.47%, Maturing May 2, 2011     1,748,944    
Xerium Technologies, Inc.      
  1,253,971     Term Loan, 7.95%, Maturing May 18, 2012     1,189,705    
            $ 16,899,034    

 

See notes to financial statements
9



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Healthcare — 13.1%      
Accellent, Inc.      
$ 2,331,236     Term Loan, 8.01%, Maturing November 22, 2012   $ 2,226,330    
Alliance Imaging, Inc.      
  1,066,583     Term Loan, 7.63%, Maturing December 29, 2011     1,058,584    
American Medical Systems      
  1,467,908     Term Loan, 7.57%, Maturing July 20, 2012     1,433,045    
AMN Healthcare, Inc.      
  350,984     Term Loan, 6.95%, Maturing November 2, 2011     342,100    
AMR HoldCo, Inc.      
  1,884,045     Term Loan, 7.71%, Maturing February 10, 2012     1,842,831    
Biomet, Inc.      
EUR 1,225,000     Term Loan, 7.72%, Maturing December 26, 2014     1,762,300    
  2,750,000     Term Loan, 8.20%, Maturing December 26, 2014     2,740,468    
Capio AB      
EUR 500,000     Term Loan, 6.85%, Maturing April 24, 2015     713,428    
EUR 500,000     Term Loan, 6.98%, Maturing April 16, 2016     717,046    
Cardinal Health 409, Inc.      
  2,269,313     Term Loan, 7.45%, Maturing April 10, 2014     2,186,696    
Carestream Health, Inc.      
  2,550,000     Term Loan, 7.11%, Maturing April 30, 2013     2,472,704    
  1,000,000     Term Loan, 10.30%, Maturing October 30, 2013     978,333    
Carl Zeiss Vision Holding GmbH      
  1,300,000     Term Loan, 7.64%, Maturing March 23, 2015     1,271,833    
Community Health Systems, Inc.      
  513,534     Term Loan, 0.00%, Maturing July 25, 2014(2)     502,301    
  7,786,466     Term Loan, 7.76%, Maturing July 25, 2014     7,616,137    
Concentra, Inc.      
  600,000     Term Loan, 10.70%, Maturing June 25, 2015     564,750    
ConMed Corp.      
  483,389     Term Loan, 6.32%, Maturing April 13, 2013     476,138    
CRC Health Corp.      
  987,525     Term Loan, 7.45%, Maturing February 6, 2013     965,923    
Dako EQT Project Delphi      
  500,000     Term Loan, 8.98%, Maturing December 12, 2016     465,000    
DaVita, Inc.      
  4,047,997     Term Loan, 6.75%, Maturing October 5, 2012     3,971,255    
Encore Medical Finance, LLC      
  1,808,616     Term Loan, 7.84%, Maturing November 3, 2013     1,804,094    
Fenwal, Inc.      
  500,000     Term Loan, 10.79%, Maturing August 28, 2014     477,500    
FGX International, Inc.      
  427,948     Term Loan, 9.65%, Maturing December 12, 2012     415,109    

 

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Healthcare (continued)      
FHC Health Systems, Inc.      
$ 367,127     Term Loan, 12.33%, Maturing December 18, 2009   $ 372,634    
  256,989     Term Loan, 14.33%, Maturing December 18, 2009     260,844    
  500,000     Term Loan, 15.33%, Maturing February 7, 2011     505,000    
Fresenius Medical Care Holdings      
  2,497,924     Term Loan, 6.70%, Maturing March 31, 2013     2,470,799    
Hanger Orthopedic Group, Inc.      
  715,942     Term Loan, 7.45%, Maturing May 30, 2013     702,071    
HCA, Inc.      
  6,724,188     Term Loan, 7.45%, Maturing November 18, 2013     6,580,801    
Health Management Association, Inc.      
  3,061,059     Term Loan, 6.94%, Maturing February 28, 2014     2,931,815    
HealthSouth Corp.      
  1,600,889     Term Loan, 7.63%, Maturing March 10, 2013     1,570,509    
Iasis Healthcare, LLC      
  77,901     Term Loan, 6.79%, Maturing March 14, 2014     74,469    
  850,693     Term Loan, 7.07%, Maturing March 14, 2014     813,210    
  292,130     Term Loan, 7.70%, Maturing March 14, 2014(2)     279,259    
Ikaria Acquisition, Inc.      
  550,426     Term Loan, 7.70%, Maturing March 28, 2013     539,417    
IM US Holdings, LLC      
  625,000     Term Loan, 9.45%, Maturing June 26, 2015     623,828    
Invacare Corp.      
  1,017,313     Term Loan, 7.11%, Maturing February 12, 2013     991,562    
Leiner Health Products, Inc.      
  962,663     Term Loan, 9.65%, Maturing May 27, 2011     912,925    
LifeCare Holdings, Inc.      
  857,500     Term Loan, 8.20%, Maturing August 11, 2012     799,619    
LifePoint Hospitals, Inc.      
  2,063,187     Term Loan, 7.17%, Maturing April 15, 2012     2,027,450    
Magellan Health Services, Inc.      
  1,111,111     Term Loan, 5.01%, Maturing August 15, 2008     1,088,889    
  416,667     Term Loan, 6.87%, Maturing August 15, 2008     408,333    
Matria Healthcare, Inc.      
  1,000,000     Term Loan, Maturing January 19, 2012(3)     982,500    
  161,817     Term Loan, 7.50%, Maturing January 19, 2012     156,081    
MultiPlan Merger Corp.      
  1,946,987     Term Loan, 7.25%, Maturing April 12, 2013     1,909,669    
National Mentor Holdings, Inc.      
  61,600     Term Loan, 5.32%, Maturing June 29, 2013     60,368    
  1,025,420     Term Loan, 7.20%, Maturing June 29, 2013     1,004,912    
National Rental Institutes, Inc.      
  864,063     Term Loan, 7.50%, Maturing March 31, 2013     846,781    
Nyco Holdings      
EUR 1,000,000     Term Loan, 7.21%, Maturing December 29, 2014     1,355,062    
EUR 1,000,000     Term Loan, 7.71%, Maturing December 29, 2015     1,361,573    

 

See notes to financial statements
10



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Healthcare (continued)      
Physiotherapy Associates, Inc.      
$ 847,875     Term Loan, 9.50%, Maturing June 27, 2013   $ 809,721    
RadNet Management, Inc.      
  545,876     Term Loan, 9.22%, Maturing November 15, 2012     547,240    
ReAble Therapeutics Finance, LLC      
  2,675,227     Term Loan, 7.45%, Maturing November 16, 2013     2,635,099    
Renal Advantage, Inc.      
  343,111     Term Loan, 8.10%, Maturing October 5, 2012     335,820    
Select Medical Holding Corp.      
  2,143,800     Term Loan, 7.48%, Maturing February 24, 2012     2,062,513    
Sunrise Medical Holdings, Inc.      
  675,653     Term Loan, 9.42%, Maturing May 13, 2010     608,088    
Vanguard Health Holding Co., LLC      
  2,176,709     Term Loan, 7.45%, Maturing September 23, 2011     2,133,857    
Viant Holdings, Inc.      
  523,688     Term Loan, 7.45%, Maturing June 25, 2014     490,957    
            $ 78,257,580    
Home Furnishings — 1.7%      
Hunter Fan Co.      
$ 49,286     Term Loan, 0.00%, Maturing April 16, 2014(2)   $ 44,850    
  524,523     Term Loan, 8.03%, Maturing April 16, 2014     477,316    
Interline Brands, Inc.      
  1,675,638     Term Loan, 6.57%, Maturing June 23, 2013     1,640,031    
National Bedding Co., LLC      
  496,250     Term Loan, 7.09%, Maturing August 31, 2011     469,577    
  1,050,000     Term Loan, 9.75%, Maturing August 31, 2012     973,875    
Sealy Mattress Co.      
  2,978,571     Term Loan, 6.78%, Maturing August 25, 2011     2,919,000    
Simmons Co.      
  2,889,682     Term Loan, 7.36%, Maturing December 19, 2011     2,846,337    
  1,000,000     Term Loan, 10.65%, Maturing February 15, 2012     935,000    
            $ 10,305,986    
Industrial Equipment — 3.6%      
Aearo Technologies, Inc.      
$ 400,000     Term Loan, 10.70%, Maturing September 24, 2013   $ 386,000    
  698,250     Term Loan, 7.45%, Maturing July 2, 2014     676,866    
Alliance Laundry Holdings, LLC      
  824,548     Term Loan, 7.86%, Maturing January 27, 2012     820,425    
CEVA Group PLC U.S.      
  2,282,690     Term Loan, 7.75%, Maturing January 4, 2014     2,248,450    
  1,071,000     Term Loan, 8.13%, Maturing January 4, 2014     1,054,935    
  833,485     Term Loan, 8.20%, Maturing January 4, 2014     820,983    

 

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Industrial Equipment (continued)      
Flowserve Corp.      
$ 1,995,198     Term Loan, 6.78%, Maturing August 10, 2012   $ 1,966,517    
FR Brand Acquisition Corp.      
  746,250     Term Loan, 7.53%, Maturing February 7, 2014     717,333    
Generac Acquisition Corp.      
  1,782,000     Term Loan, 7.73%, Maturing November 7, 2013     1,578,979    
  500,000     Term Loan, 11.23%, Maturing April 7, 2014     363,958    
Gleason Corp.      
  568,403     Term Loan, 7.17%, Maturing June 30, 2013     563,430    
  138,408     Term Loan, 7.42%, Maturing June 30, 2013     137,197    
Goodyear Engineering Products      
  148,438     Term Loan, 0.00%, Maturing July 13, 2014(2)     146,087    
  1,039,063     Term loan, 7.46%, Maturing July 13, 2014     1,022,611    
  775,000     Term Loan, 10.71%, Maturing July 13, 2015     750,458    
Itron, Inc.      
EUR 380,090     Term Loan, 6.73%, Maturing April 18, 2014     544,396    
Jason, Inc.      
  448,875     Term Loan, 8.03%, Maturing April 30, 2010     437,653    
John Maneely Co.      
  2,906,844     Term Loan, 8.52%, Maturing December 8, 2013     2,717,899    
KION Group GmbH      
  250,000     Term Loan, 7.49%, Maturing December 23, 2014     246,051    
  250,000     Term Loan, 7.74%, Maturing December 23, 2015     247,074    
Polypore, Inc.      
  3,017,438     Term Loan, 7.07%, Maturing July 3, 2014     2,945,773    
Terex Corp.      
  715,938     Term Loan, 6.95%, Maturing July 13, 2013     712,358    
TFS Acquisition Corp.      
  693,000     Term Loan, 8.70%, Maturing August 11, 2013     682,605    
            $ 21,788,038    
Insurance — 1.9%      
Alliant Holdings I, Inc.      
$ 975,000     Term Loan, Maturing August 21, 2014(3)   $ 965,250    
AmWINS Group, Inc.      
  500,000     Term Loan, 11.07%, Maturing June 8, 2014     457,500    
Applied Systems, Inc.      
  1,336,500     Term Loan, 7.42%, Maturing September 26, 2013     1,309,770    
CCC Information Services Group, Inc.      
  604,852     Term Loan, 7.71%, Maturing February 10, 2013     599,559    
Conseco, Inc.      
  3,495,376     Term Loan, 6.82%, Maturing October 10, 2013     3,348,280    
Crawford & Company      
  1,252,667     Term Loan, 7.45%, Maturing October 31, 2013     1,230,745    

 

See notes to financial statements
11



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Insurance (continued)      
Crump Group, Inc.      
$ 1,050,000     Term Loan, Maturing August 4, 2014(3)   $ 1,034,250    
Hub International Holdings, Inc.      
  150,862     Term Loan, 8.01%, Maturing June 13, 2014(2)     148,127    
  672,335     Term Loan, 8.20%, Maturing June 13, 2014     660,148    
U.S.I. Holdings Corp.      
  1,845,375     Term Loan, 7.95%, Maturing May 4, 2014     1,817,694    
            $ 11,571,323    
Leisure Goods / Activities / Movies — 8.9%      
    24 Hour Fitness Worldwide, Inc.  
$ 1,649,875     Term Loan, 7.81%, Maturing June 8, 2012   $ 1,625,127    
AMC Entertainment, Inc.      
  1,842,188     Term Loan, 6.61%, Maturing January 26, 2013     1,813,260    
AMF Bowling Worldwide, Inc.      
  1,000,000     Term Loan, 11.81%, Maturing December 8, 2013     970,000    
Bombardier Recreational Product      
  1,822,785     Term Loan, 7.70%, Maturing June 28, 2013     1,774,937    
Butterfly Wendel US, Inc.      
  300,000     Term Loan, 8.14%, Maturing June 22, 2013     281,750    
  300,000     Term Loan, 7.89%, Maturing June 22, 2014     280,250    
Carmike Cinemas, Inc.      
  992,462     Term Loan, 9.23%, Maturing May 19, 2012     990,808    
Cedar Fair, L.P.      
  4,004,337     Term Loan, 6.75%, Maturing August 30, 2012     3,931,759    
Cinemark, Inc.      
  3,590,317     Term Loan, 7.25%, Maturing October 5, 2013     3,516,267    
Deluxe Entertainment Services      
  59,055     Term Loan, 5.10%, Maturing January 28, 2011     57,431    
  1,393,701     Term Loan, 7.45%, Maturing January 28, 2011     1,355,374    
Easton-Bell Sports, Inc.      
  1,286,082     Term Loan, 6.85%, Maturing March 16, 2012     1,249,711    
HEI Acquisition, LLC      
  1,925,000     Term Loan, 9.02%, Maturing April 13, 2014     1,886,500    
Mega Blocks, Inc.      
  1,612,875     Term Loan, 7.25%, Maturing July 26, 2012     1,550,376    
Metro-Goldwyn-Mayer Holdings, Inc.      
  7,936,582     Term Loan, 8.45%, Maturing April 8, 2012     7,629,039    
National CineMedia, LLC      
  1,250,000     Term Loan, 7.46%, Maturing February 13, 2015     1,210,156    
Regal Cinemas Corp.      
  4,009,501     Term Loan, 6.70%, Maturing November 10, 2010     3,926,348    
Revolution Studios Distribution Co., LLC      
  1,274,721     Term Loan, 8.51%, Maturing December 21, 2014     1,268,347    
  800,000     Term Loan, 11.76%, Maturing June 21, 2015     788,000    

 

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Leisure Goods / Activities / Movies (continued)      
Six Flags Theme Parks, Inc.      
$ 3,142,125     Term Loan, 7.75%, Maturing April 30, 2015   $ 3,001,713    
Southwest Sports Group, LLC      
  1,875,000     Term Loan, 7.75%, Maturing December 22, 2010     1,842,187    
Universal City Development Partners, Ltd.      
  1,721,345     Term Loan, 7.33%, Maturing June 9, 2011     1,706,284    
WMG Acquisition Corp.      
  875,000     Revolving Loan, 0.00%, Maturing February 28, 2010(2)     849,844    
  9,722,387     Term Loan, 7.42%, Maturing February 28, 2011     9,515,786    
            $ 53,021,254    
Lodging and Casinos — 4.3%      
Ameristar Casinos, Inc.      
$ 1,080,750     Term Loan, 8.43%, Maturing November 10, 2012   $ 1,072,644    
Bally Technologies, Inc.      
  4,603,281     Term Loan, 8.64%, Maturing September 5, 2009     4,589,853    
CCM Merger, Inc.      
  2,432,782     Term Loan, 7.30%, Maturing April 25, 2012     2,381,085    
Isle of Capri Casinos, Inc.      
  401,471     Term Loan, 0.00%, Maturing November 30, 2013(2)     387,470    
  533,956     Term Loan, 6.64%, Maturing November 30, 2013     515,334    
  1,334,889     Term Loan, 6.74%, Maturing November 30, 2013     1,288,335    
LodgeNet Entertainment Corp.      
  822,938     Term Loan, 7.20%, Maturing April 4, 2014     809,308    
New World Gaming Partners, Ltd      
  1,020,833     Term Loan, Maturing June 30, 2014(3)     980,000    
  204,167     Term Loan, Maturing June 30, 2014(3)     196,000    
Penn National Gaming, Inc.      
  6,438,600     Term Loan, 6.90%, Maturing October 3, 2012     6,405,963    
Venetian Casino Resort/Las Vegas Sands Inc.      
  865,000     Term Loan, 0.00%, Maturing May 14, 2014(2)     841,171    
  3,451,350     Term Loan, 6.95%, Maturing May 23, 2014     3,356,272    
VML US Finance, LLC      
  441,667     Term Loan, 7.45%, Maturing May 25, 2012     433,425    
  883,333     Term Loan, 7.45%, Maturing May 25, 2013     866,849    
Wimar Opco, LLC      
  1,883,308     Term Loan, 7.45%, Maturing January 3, 2012     1,840,933    
            $ 25,964,642    
Nonferrous Metals / Minerals — 2.3%      
Alpha Natural Resources, LLC      
$ 859,687     Term Loan, 6.95%, Maturing October 26, 2012   $ 855,748    

 

See notes to financial statements
12



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Nonferrous Metals / Minerals (continued)      
Euramax International, Inc.      
$ 603,422     Term Loan, 8.24%, Maturing June 28, 2012   $ 562,188    
  501,316     Term Loan, 13.24%, Maturing June 28, 2013     440,322    
  248,684     Term Loan, 13.24%, Maturing June 28, 2013     218,428    
Magnum Coal Co.      
  186,364     Term Loan, 8.01%, Maturing March 15, 2013     170,057    
  1,835,682     Term Loan, 8.42%, Maturing March 15, 2013     1,675,060    
Murray Energy Corp.      
  906,750     Term Loan, 8.54%, Maturing January 28, 2010     906,750    
Neo Material Technologies, Inc.      
  1,095,000     Term Loan, 8.69%, Maturing August 31, 2009     1,095,000    
Noranda Aluminum Acquisition      
  1,000,000     Term Loan, Maturing May 18, 2014(3)     986,300    
  402,563     Term Loan, 7.51%, Maturing May 28, 2014     389,380    
Novelis, Inc.      
  2,019,937     Term Loan, 7.20%, Maturing June 28, 2014     1,968,596    
Oxbow Carbon and Mineral Holdings      
  3,134,469     Term Loan, 7.19%, Maturing May 8, 2014     3,022,803    
  275,242     Term Loan, 7.20%, Maturing May 8, 2014     265,437    
Thompson Creek Metals Co.      
  1,208,500     Term Loan, 9.56%, Maturing October 26, 2012     1,211,521    
            $ 13,767,590    
Oil and Gas — 2.9%      
Atlas Pipeline Partners, L.P.      
$ 1,500,000     Term Loan, 7.55%, Maturing July 20, 2014   $ 1,499,062    
Big West Oil, LLC      
  398,750     Term Loan, 0.00%, Maturing May 1, 2014(2)     386,787    
  324,438     Term Loan, 7.45%, Maturing May 1, 2014     314,704    
Concho Resources, Inc.      
  362,724     Term Loan, 9.76%, Maturing March 27, 2012     361,817    
Dresser, Inc.      
  1,459,966     Term Loan, 7.99%, Maturing May 4, 2014     1,433,049    
  1,000,000     Term Loan, 11.13%, Maturing May 4, 2015     976,875    
El Paso Corp.      
  1,350,000     Term Loan, 5.22%, Maturing July 31, 2011     1,333,969    
Enterprise GP Holdings L.P      
  1,125,000     Term Loan, Maturing October 31, 2014(3)     1,123,243    
Key Energy Services, Inc.      
  1,174,087     Term Loan, 7.64%, Maturing June 30, 2012     1,170,786    
Kinder Morgan, Inc.      
  3,820,428     Term Loan, 6.26%, Maturing May 21, 2014     3,732,875    

 

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Oil and Gas (continued)      
Niska Gas Storage      
$ 120,380     Term Loan, 7.28%, Maturing May 13, 2011   $ 117,672    
  99,082     Term Loan, 7.32%, Maturing May 13, 2011     96,853    
  67,117     Term Loan, 7.33%, Maturing May 13, 2011     65,607    
  611,644     Term Loan, 7.32%, Maturing May 12, 2013     597,882    
Primary Natural Resources, Inc.      
  1,526,750     Term Loan, 7.50%, Maturing July 28, 2010(4)     1,507,666    
Targa Resources, Inc.      
  1,365,968     Term Loan, 5.07%, Maturing October 31, 2012     1,356,064    
  978,380     Term Loan, 7.53%, Maturing October 31, 2012     971,286    
            $ 17,046,197    
Publishing — 11.5%      
American Media Operations, Inc.      
$ 4,275,000     Term Loan, 8.80%, Maturing January 31, 2013   $ 4,226,906    
Aster Zweite Beteiligungs GmbH      
  775,000     Term Loan, 7.39%, Maturing September 27, 2013     748,359    
CanWest MediaWorks, Ltd.      
  798,000     Term Loan, 7.54%, Maturing July 10, 2014     790,020    
Dex Media West, LLC      
  2,475,784     Term Loan, 7.05%, Maturing March 9, 2010     2,452,264    
GateHouse Media Operating, Inc.      
  600,000     Term Loan, 7.27%, Maturing August 28, 2014     559,875    
  1,350,000     Term Loan, 7.51%, Maturing August 28, 2014     1,259,719    
  675,000     Term Loan, 7.72%, Maturing August 28, 2014     630,281    
Idearc, Inc.      
  7,418,938     Term Loan, 7.20%, Maturing November 17, 2014     7,325,815    
Josten's Corp.      
  1,509,741     Term Loan, 7.20%, Maturing October 4, 2011     1,499,362    
Laureate Education, Inc.      
  222,285     Term Loan, 0.00%, Maturing August 17, 2014(2)     218,728    
  1,500,423     Term Loan, 8.73%, Maturing August 17, 2014     1,476,416    
MediaNews Group, Inc.      
  962,813     Term Loan, 7.14%, Maturing August 2, 2013     921,893    
Mediannuaire Holding      
EUR 500,000     Term Loan, 9.00%, Maturing April 10, 2016     707,778    
Merrill Communications, LLC      
  1,290,697     Term Loan, 7.27%, Maturing February 9, 2009     1,271,337    
  1,000,000     Term Loan, 11.25%, Maturing November 15, 2013     985,000    
Nebraska Book Co., Inc.      
  1,398,489     Term Loan, 7.65%, Maturing March 4, 2011     1,377,512    
Nelson Education, Ltd.      
  500,000     Term Loan, 7.70%, Maturing July 5, 2014     469,375    
Nielsen Finance, LLC      
  6,855,760     Term Loan, 7.36%, Maturing August 9, 2013     6,685,319    

 

See notes to financial statements
13



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Publishing (continued)      
Philadelphia Newspapers, LLC      
$ 713,495     Term Loan, 8.75%, Maturing June 29, 2013   $ 656,416    
R.H. Donnelley Corp.      
  3,161,529     Term Loan, 7.01%, Maturing June 30, 2010     3,123,768    
Reader's Digest Association      
  3,283,521     Term Loan, 7.54%, Maturing March 2, 2014     3,122,628    
Riverdeep Interactive Learning USA, Inc.      
  3,805,952     Term Loan, Maturing December 20, 2013(3)     3,790,093    
SGS International, Inc.      
  687,750     Term Loan, 7.84%, Maturing December 30, 2011     680,872    
Source Media, Inc.      
  1,658,707     Term Loan, 7.07%, Maturing November 8, 2011     1,615,166    
SP Newsprint Co.      
  3,866,667     Term Loan, 4.75%, Maturing January 9, 2010     3,789,333    
The Star Tribune Co.      
  1,866,667     Term Loan, 7.74%, Maturing May 17, 2009     1,847,854    
  3,965,063     Term Loan, 8.24%, Maturing May 17, 2014     3,691,473    
TL Acquisitions, Inc.      
  1,925,000     Term Loan, 7.95%, Maturing July 5, 2014     1,866,180    
Trader Media Corp.      
GBP 2,334,000     Term Loan, 8.42%, Maturing March 23, 2015     4,666,715    
Xsys US, Inc.      
  1,872,229     Term Loan, 7.39%, Maturing September 27, 2013     1,807,872    
  1,896,271     Term Loan, 7.39%, Maturing September 27, 2014     1,838,198    
Yell Group, PLC      
  2,600,000     Term Loan, 6.75%, Maturing February 10, 2013     2,570,142    
            $ 68,672,669    
Radio and Television — 5.6%      
Block Communications, Inc.      
$ 835,125     Term Loan, 7.20%, Maturing December 22, 2011   $ 805,896    
CMP KC, LLC      
  976,188     Term Loan, 9.26%, Maturing May 5, 2013     922,498    
CMP Susquehanna Corp.      
  1,332,500     Term Loan, 7.07%, Maturing May 5, 2013     1,292,525    
Discovery Communications, Inc.      
  2,418,938     Term Loan, 7.20%, Maturing April 30, 2014     2,392,733    
Emmis Operating Co.      
  799,425     Term Loan, 7.20%, Maturing November 2, 2013     782,437    
Entravision Communications Corp.      
  1,298,500     Term Loan, 6.73%, Maturing September 29, 2013     1,278,481    
Gray Television, Inc.      
  1,262,250     Term Loan, 6.73%, Maturing January 19, 2015     1,220,175    

 

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Radio and Television (continued)      
HIT Entertainment, Inc.      
$ 1,004,512     Term Loan, 7.17%, Maturing March 20, 2012   $ 985,678    
NEP II, Inc.      
  621,873     Term Loan, 7.45%, Maturing February 16, 2014     595,055    
Nexstar Broadcasting, Inc.      
  3,494,874     Term Loan, 6.95%, Maturing October 1, 2012     3,376,922    
NextMedia Operating, Inc.      
  247,444     Term Loan, 7.05%, Maturing November 15, 2012     236,927    
  109,974     Term Loan, 7.12%, Maturing November 15, 2012     105,300    
PanAmSat Corp.      
  2,450,250     Term Loan, 7.12%, Maturing January 3, 2014     2,425,529    
Paxson Communications Corp.      
  2,500,000     Term Loan, 8.49%, Maturing January 15, 2012     2,475,000    
Raycom TV Broadcasting, LLC      
  875,000     Term Loan, 6.31%, Maturing June 25, 2014     853,125    
SFX Entertainment      
  1,147,816     Term Loan, 7.95%, Maturing June 21, 2013     1,130,598    
Sirius Satellite Radio, Inc.      
  500,000     Term Loan, 7.25%, Maturing December 19, 2012     483,437    
Tyrol Acquisition 2 SAS      
EUR 800,000     Term Loan, 6.37%, Maturing January 19, 2015     1,123,582    
EUR 800,000     Term Loan, 6.62%, Maturing January 19, 2016     1,128,345    
Univision Communications, Inc.      
  750,000     Term Loan, 7.25%, Maturing March 29, 2009     745,312    
  255,872     Term Loan, 0.00%, Maturing September 29, 2014(2)     242,919    
  7,369,128     Term Loan, 7.20%, Maturing September 29, 2014     6,996,065    
Young Broadcasting, Inc.      
  1,703,463     Term Loan, 7.87%, Maturing November 3, 2012     1,635,324    
            $ 33,233,863    
Rail Industries — 0.6%      
Kansas City Southern Railway Co.      
$ 1,999,687     Term Loan, 6.68%, Maturing March 30, 2008   $ 1,965,193    
RailAmerica, Inc.      
  1,550,000     Term Loan, 7.81%, Maturing August 14, 2008     1,528,687    
            $ 3,493,880    
Retailers (Except Food and Drug) — 3.5%      
American Achievement Corp.      
$ 392,234     Term Loan, 7.49%, Maturing March 25, 2011   $ 384,390    
Amscan Holdings, Inc.      
  497,500     Term Loan, 7.56%, Maturing May 25, 2013     482,575    
Claire's Stores, Inc.      
  349,125     Term Loan, 7.95%, Maturing May 24, 2014     330,087    

 

See notes to financial statements
14



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Retailers (Except Food and Drug) (continued)      
Coinmach Laundry Corp.      
$ 3,475,285     Term Loan, 7.74%, Maturing December 19, 2012   $ 3,457,909    
Cumberland Farms, Inc.      
  1,559,250     Term Loan, 7.64%, Maturing September 29, 2013     1,543,657    
Educate, Inc.      
  500,000     Term Loan, 10.45%, Maturing June 14, 2014     493,750    
Harbor Freight Tools USA, Inc.      
  1,714,570     Term Loan, 7.29%, Maturing July 15, 2010     1,650,006    
Mapco Express, Inc.      
  538,749     Term Loan, 7.74%, Maturing April 28, 2011     529,995    
Neiman Marcus Group, Inc.      
  802,215     Term Loan, 7.45%, Maturing April 5, 2013     790,817    
Orbitz Worldwide, Inc.      
  1,180,000     Term Loan, 8.20%, Maturing July 25, 2014     1,164,513    
Oriental Trading Co., Inc.      
  1,125,000     Term Loan, 10.76%, Maturing January 31, 2013     1,088,438    
  1,589,131     Term Loan, 7.40%, Maturing July 31, 2013     1,535,498    
Rent-A-Center, Inc.      
  1,036,136     Term Loan, 7.20%, Maturing November 15, 2012     1,017,140    
Rover Acquisition Corp.      
  2,233,125     Term Loan, 7.33%, Maturing October 26, 2013     2,185,671    
Savers, Inc.      
  707,484     Term Loan, 7.99%, Maturing August 11, 2012     689,797    
The Yankee Candle Company, Inc.      
  1,293,500     Term Loan, 7.20%, Maturing February 6, 2014     1,260,354    
Vivarte      
EUR 750,000     Term Loan, 6.77%, Maturing May 29, 2015     1,014,669    
EUR 750,000     Term Loan, 7.27%, Maturing May 29, 2016     1,019,552    
            $ 20,638,818    
Steel — 0.4%      
Algoma Acquisition Corp.      
$ 500,000     Term Loan, Maturing June 20, 2013(3)   $ 485,000    
  972,563     Term Loan, 8.09%, Maturing June 20, 2013     936,023    
Niagara Corp.      
  1,022,438     Term Loan, 9.82%, Maturing June 29, 2014     981,540    
            $ 2,402,563    
Surface Transport — 1.1%      
Gainey Corp.      
$ 748,798     Term Loan, 10.44%, Maturing April 20, 2012   $ 662,686    
Oshkosh Truck Corp.      
  1,925,625     Term Loan, 7.45%, Maturing December 6, 2013     1,897,644    
Ozburn-Hessey Holding Co., LLC      
  490,687     Term Loan, 8.53%, Maturing August 9, 2012     471,059    

 

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Surface Transport (continued)      
SIRVA Worldwide, Inc.      
$ 1,599,041     Term Loan, 12.50%, Maturing December 1, 2010   $ 1,132,654    
Swift Transportation Co., Inc.      
  2,805,814     Term Loan, 8.38%, Maturing May 10, 2014     2,479,638    
            $ 6,643,681    
Telecommunications — 5.4%      
Alaska Communications Systems Holdings, Inc.      
$ 990,000     Term Loan, 6.95%, Maturing February 1, 2012   $ 970,448    
American Cellular Corp.      
  2,064,625     Term Loan, 7.24%, Maturing March 15, 2014     2,060,110    
Asurion Corp.      
  1,400,000     Term Loan, 8.36%, Maturing July 13, 2012     1,371,563    
  1,000,000     Term Loan, 11.72%, Maturing January 13, 2013     974,063    
Centennial Cellular Operating Co., LLC      
  4,445,833     Term Loan, 7.22%, Maturing February 9, 2011     4,403,358    
Consolidated Communications, Inc.      
  2,563,752     Term Loan, 6.95%, Maturing July 27, 2015     2,555,740    
FairPoint Communications, Inc.      
  2,980,000     Term Loan, 7.00%, Maturing February 8, 2012     2,954,670    
Intelsat Bermuda, Ltd.      
  1,075,000     Term Loan, 7.86%, Maturing February 1, 2014     1,065,594    
Intelsat Subsidiary Holding Co.      
  965,250     Term Loan, 7.12%, Maturing July 3, 2013     955,718    
Iowa Telecommunications Services      
  2,616,000     Term Loan, 6.99%, Maturing November 23, 2011     2,587,389    
IPC Systems, Inc.      
  1,097,250     Term Loan, 7.45%, Maturing May 31, 2014     1,024,832    
  500,000     Term Loan, 10.45%, Maturing May 31, 2015     447,188    
Macquarie UK Broadcast Ventures, Ltd.      
GBP 775,000     Term Loan, 8.04%, Maturing December 26, 2014     1,571,710    
NTelos, Inc.      
  1,174,812     Term Loan, 7.01%, Maturing August 24, 2011     1,163,798    
Stratos Global Corp.      
  1,039,500     Term Loan, 7.95%, Maturing February 13, 2012     1,022,175    
Telesat Canada, Inc.      
  51,532     Term Loan, Maturing October 22, 2014(3)     51,113    
  602,924     Term Loan, Maturing October 22, 2014(3)     598,026    
Trilogy International Partners      
  850,000     Term Loan, 8.70%, Maturing June 29, 2012     841,500    
Triton PCS, Inc.      
  2,717,599     Term Loan, 8.01%, Maturing November 18, 2009     2,715,335    
Windstream Corp.      
  3,082,181     Term Loan, 6.71%, Maturing July 17, 2013     3,066,219    
            $ 32,400,549    

 

See notes to financial statements
15



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
 
Borrower/Tranche Description
 
Value
 
Utilities — 4.2%      
AEI Finance Holding, LLC      
$ 269,751     Revolving Loan, 5.10%, Maturing March 30, 2012   $ 264,356    
  2,033,257     Term Loan, 8.20%, Maturing March 30, 2014     1,992,592    
Astoria Generating Co.      
  1,000,000     Term Loan, 8.96%, Maturing August 23, 2013     992,875    
BRSP, LLC      
  1,826,611     Term Loan, 8.38%, Maturing July 13, 2009     1,803,779    
Calpine Corp.      
  845,750     DIP Loan, 7.45%, Maturing March 30, 2009     838,576    
Cogentrix Delaware Holdings, Inc.      
  519,888     Term Loan, 6.26%, Maturing April 14, 2012     510,140    
Covanta Energy Corp.      
  569,072     Term Loan, 5.10%, Maturing February 9, 2014     554,371    
  1,150,148     Term Loan, 6.88%, Maturing February 9, 2014     1,120,436    
Electricinvest Holding Co.      
EUR 476,616     Term Loan, 8.18%, Maturing October 24, 2012     665,410    
GBP 480,000     Term Loan, 10.07%, Maturing October 24, 2012     968,149    
Elster Group GmbH (Ruhrgas)      
  803,389     Term Loan, 7.63%, Maturing June 12, 2013     798,870    
  803,389     Term Loan, 7.88%, Maturing June 12, 2014     802,887    
LS Power Acquisition Co.      
  600,000     Term Loan, 8.94%, Maturing November 1, 2014     586,500    
Mach General, LLC      
  67,969     Term Loan, 7.20%, Maturing February 22, 2013     65,913    
  652,104     Term Loan, 7.50%, Maturing February 22, 2014     632,377    
Mirant North America, LLC      
  874,583     Term Loan, 6.50%, Maturing January 3, 2013     861,009    
NRG Energy, Inc.      
  2,675,000     Term Loan, 0.00%, Maturing June 1, 2014(2)     2,622,934    
  2,093,940     Term Loan, 6.85%, Maturing June 1, 2014     2,053,502    
  5,030,780     Term Loan, 6.95%, Maturing June 1, 2014     4,933,625    
Pike Electric, Inc.      
  180,797     Term Loan, 6.69%, Maturing July 1, 2012     178,876    
  420,059     Term Loan, 6.63%, Maturing December 10, 2012     415,596    
TXU Texas Competitive Electric Holdings Co., LLC      
  850,000     Term Loan, Maturing October 10, 2014(3)     850,264    
  850,000     Term Loan, Maturing October 10, 2014(3)     850,000    
            $ 25,363,037    
Total Senior Floating-Rate Interests
(identified cost $923,870,033)
  $ 906,043,735    

 

Corporate Bonds & Notes — 11.3%      
Principal
Amount*
(000's omitted)
  Security   Value  
Aerospace and Defense — 0.0%      
Alion Science and Technologies, Corp.      
$ 145     10.25%, 2/1/15   $ 136,300    
DRS Technologies, Inc., Sr. Sub. Notes      
  80     7.625%, 2/1/18     82,200    
            $ 218,500    
Air Transport — 0.0%      
Continental Airlines      
$ 258     7.033%, 6/15/11   $ 250,982    
            $ 250,982    
Automotive — 0.2%      
Altra Industrial Motion, Inc.      
$ 225     9.00%, 12/1/11   $ 227,250    
  110     9.00%, 12/1/11     111,100    
American Axle & Manufacturing, Inc.      
  135     7.875%, 3/1/17     132,300    
Commercial Vehicle Group, Inc., Sr. Notes      
  100     8.00%, 7/1/13     96,500    
Ford Motor Credit Co., Sr. Notes      
  15     9.875%, 8/10/11     14,989    
Goodyear Tire & Rubber Co., Sr. Notes, Variable Rate      
  180     9.135%, 12/1/09     183,150    
Tenneco Automotive, Inc., Sr. Sub. Notes      
  255     8.625%, 11/15/14     261,375    
            $ 1,026,664    
Broadcast Radio and Television — 0.0%      
Warner Music Group, Sr. Sub. Notes      
$ 55     7.375%, 4/15/14   $ 49,087    
            $ 49,087    
Brokers / Dealers / Investment Houses — 0.1%      
Nuveen Investments, Inc.      
$ 30     5.00%, 9/15/10   $ 26,356    
Nuveen Investments, Inc., Sr. Notes      
  200     10.50%, 11/15/15(5)     202,750    
Residential Capital LLC, Sub. Notes, Variable Rate      
  725     8.044%, 4/17/09(5)     450,406    
            $ 679,512    

 

See notes to financial statements
16



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
(000's omitted)
  Security   Value  
Building and Development — 0.8%      
Grohe Holding GMBH, Variable Rate      
EUR 2,000     7.607%, 1/15/14   $ 2,784,994    
Interface, Inc.      
  500     10.375%, 2/1/10     532,500    
Nortek, Inc., Sr. Sub. Notes      
  850     8.50%, 9/1/14     756,500    
NTK Holdings, Inc., Sr. Disc. Notes      
  360     10.75%, 3/1/14     237,600    
Panolam Industries International, Sr. Sub. Notes      
  420     10.75%, 10/1/13(5)     401,100    
Realogy Corp., Sr. Notes      
  50     10.50%, 4/15/14(5)     41,687    
Stanley Martin Co.      
  80     9.75%, 8/15/15     54,800    
            $ 4,809,181    
Business Equipment and Services — 0.6%      
Affinion Group, Inc.      
$ 95     10.125%, 10/15/13   $ 99,512    
  135     11.50%, 10/15/15     141,412    
Ceridian Corp., Sr. Notes      
  330     11.25%, 11/15/15(5)     327,525    
Education Management, LLC      
  275     8.75%, 6/1/14     285,312    
  655     10.25%, 6/1/16     691,025    
KAR Holdings, Inc., Sr. Notes, Variable Rate      
  130     9.356%, 5/1/14(5)     124,150    
MediMedia USA, Inc., Sr. Sub Notes      
  170     11.375%, 11/15/14(5)     178,500    
Neff Corp., Sr. Notes      
  40     10.00%, 6/1/15     29,000    
Norcross Safety Products, LLC/Norcross Capital Corp.,
Sr. Sub. Notes, Series B
     
  40     9.875%, 8/15/11     41,600    
Safety Products Holdings, Inc. Sr. Notes (PIK)      
  455     11.75%, 1/1/12     468,785    
SunGard Data Systems, Inc.      
  85     9.125%, 8/15/13     87,125    
Travelport, LLC      
  475     9.875%, 9/1/14     491,625    
  70     11.875%, 9/1/16     75,950    
West Corp.      
  685     9.50%, 10/15/14     707,262    
            $ 3,748,783    

 

Principal
Amount*
(000's omitted)
  Security   Value  
Cable and Satellite Television — 0.4%      
CCH I Holdings, LLC      
$ 105     11.75%, 5/15/14   $ 92,137    
CCH I, LLC/CCH I Capital Co.      
  295     11.00%, 10/1/15     287,625    
CCH II, LLC/CCH II Capital Co.      
  260     10.25%, 9/15/10     265,850    
CCO Holdings, LLC / CCO Capital Corp., Sr. Notes      
  730     8.75%, 11/15/13     733,650    
CSC Holdings, Inc., Sr. Notes      
  75     6.75%, 4/15/12     72,937    
Insight Communications, Sr. Disc. Notes      
  380     12.25%, 2/15/11     394,250    
Kabel Deutschland GmbH      
  190     10.625%, 7/1/14     207,100    
Mediacom Broadband Group Corp., LLC, Sr. Notes      
  115     8.50%, 10/15/15     113,850    
Quebecor Media, Inc., Sr. Notes      
  80     7.75%, 3/15/16(5)     77,600    
            $ 2,244,999    
Chemicals and Plastics — 0.3%      
Equistar Chemical, Sr. Notes      
$ 37     10.625%, 5/1/11   $ 38,850    
INEOS Group Holdings PLC      
  355     8.50%, 2/15/16(5)     339,025    
Lyondell Chemical Co., Sr. Notes      
  938     10.50%, 6/1/13     1,015,385    
Nova Chemicals Corp., Sr. Notes, Variable Rate      
  195     8.484%, 11/15/13     192,562    
Reichhold Industries, Inc., Sr. Notes      
  445     9.00%, 8/15/14(5)     453,900    
            $ 2,039,722    
Clothing / Textiles — 0.3%      
Levi Strauss & Co., Sr. Notes      
$ 140     9.75%, 1/15/15   $ 146,825    
  320     8.875%, 4/1/16     329,600    
Oxford Industries, Inc., Sr. Notes      
  735     8.875%, 6/1/11     738,675    
Perry Ellis International, Inc., Sr. Sub. Notes      
  325     8.875%, 9/15/13     326,625    
Phillips-Van Heusen, Sr. Notes      
  55     7.25%, 2/15/11     55,550    
            $ 1,597,275    

 

See notes to financial statements
17



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
(000's omitted)
  Security   Value  
Conglomerates — 0.1%      
Goodman Global Holdings, Inc., Sr. Notes, Variable Rate      
$ 210     8.36%, 6/15/12   $ 211,575    
RBS Global & Rexnord Corp.      
  175     9.50%, 8/1/14     181,562    
  155     11.75%, 8/1/16     165,075    
            $ 558,212    
Containers and Glass Products — 0.3%      
Intertape Polymer US, Inc., Sr. Sub. Notes      
$ 310     8.50%, 8/1/14   $ 289,850    
Pliant Corp. (PIK)      
  1,282     11.85%, 6/15/09     1,307,899    
Smurfit-Stone Container Enterprises, Inc., Sr. Notes      
  145     8.00%, 3/15/17     144,819    
            $ 1,742,568    
Cosmetics / Toiletries — 0.1%      
Bausch & Lomb, Inc., Sr. Notes      
$ 190     9.875%, 11/1/15(5)   $ 196,175    
Revlon Consumer Products Corp., Sr. Sub. Notes      
  210     8.625%, 2/1/08     205,275    
            $ 401,450    
Ecological Services and Equipment — 0.1%      
Waste Services, Inc., Sr. Sub. Notes      
$ 440     9.50%, 4/15/14   $ 442,200    
            $ 442,200    
Electronics / Electrical — 0.3%      
Advanced Micro Devices, Inc., Sr. Notes      
$ 445     7.75%, 11/1/12   $ 412,737    
Amkor Technologies, Inc., Sr. Notes      
  135     7.75%, 5/15/13     131,119    
Avago Technologies Finance      
  90     11.875%, 12/1/15     101,250    
Avago Technologies Finance, Variable Rate      
  170     10.125%, 12/1/13     184,450    
NXP BV/NXP Funding, LLC      
  10     7.875%, 10/15/14     9,812    
NXP BV/NXP Funding, LLC, Variable Rate      
  775     7.993%, 10/15/13     737,219    
            $ 1,576,587    

 

Principal
Amount*
(000's omitted)
  Security   Value  
Financial Intermediaries — 1.0%      
Alzette, Variable Rate      
$ 750     11.86%, 12/15/20(4)   $ 738,750    
Comstock Funding, Ltd., Series 2006-1A, Class D, Variable Rate      
  750     9.755%, 5/30/20(4)(5)     601,066    
E*Trade Financial Corp.      
  240     7.875%, 12/1/15     229,200    
First CLO, Ltd., Sr. Sub. Notes, Variable Rate      
  1,000     7.31%, 7/27/16(4)(5)     921,996    
Ford Motor Credit Co.      
  715     7.375%, 10/28/09     689,894    
  340     7.875%, 6/15/10     327,960    
Ford Motor Credit Co., Sr. Notes      
  50     5.80%, 1/12/09     48,251    
General Motors Acceptance Corp.      
  400     6.375%, 5/1/08     398,000    
  100     5.85%, 1/14/09     96,519    
  160     7.75%, 1/19/10     154,951    
  325     7.25%, 3/2/11     307,537    
  40     7.00%, 2/1/12     36,564    
General Motors Acceptance Corp., Variable Rate      
  110     6.808%, 5/15/09     103,534    
Schiller Park CLO Ltd., 2007-1A D, Variable Rate      
  1,000     6.834%, 4/25/21(4)(5)     881,039    
Sonata Securities S.A., Series 2006-6      
  489     8.85%, 12/28/07     488,855    
            $ 6,024,116    
Food Products — 0.1%      
ASG Consolidated, LLC/ASG Finance, Inc., Sr. Disc. Notes      
$ 495     11.50%, 11/1/11   $ 460,350    
Dole Food Co., Inc.      
  210     7.25%, 6/15/10     200,550    
Dole Food Co., Sr. Notes      
  45     8.625%, 5/1/09     45,450    
Pierre Foods, Inc., Sr. Sub. Notes      
  55     9.875%, 7/15/12     45,925    
            $ 752,275    
Food Service — 0.1%      
Aramark Corp., Sr. Notes      
$ 60     8.50%, 2/1/15   $ 61,050    
El Pollo Loco, Inc.      
  370     11.75%, 11/15/13     373,700    

 

See notes to financial statements
18



Eaton Vance Senior Floating-Rate Trust as of October 31, 2007

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*
(000's omitted)
  Security   Value  
Food Service (continued)      
NPC International, Inc., Sr. Sub. Notes      
$ 350     9.50%, 5/1/14   $ 329,000    
            $ 763,750    
Food / Drug Retailers — 0.4%      
General Nutrition Center, Sr. Notes, Variable Rate (PIK)      
$ 345     10.009%, 3/15/14   $ 333,787    
General Nutrition Center, Sr. Sub. Notes      
  345     10.75%, 3/15/15     337,237    
Rite Aid Corp.      
  685     6.125%, 12/15/08(5)     679,862    
  285     7.50%, 1/15/15     272,175    
  80     8.625%, 3/1/15     71,400    
  100     9.375%, 12/15/15(5)     92,750    
  530     9.50%, 6/15/17(5)     492,900