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:

April 30, 2008

 

 



 

Item 1. Reports to Stockholders

 



Semiannual Report April 30, 2008

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 April 30, 2008

 

INVESTMENT UPDATE

 

 

Scott H. Page, CFA
Co-Portfolio Manager

 

 

Peter M. Campo, CFA
Co-Portfolio Manager

 

Economic and Market Conditions

 

·             The price dislocation in credit markets that began in the second half of 2007 worsened during the first quarter of 2008. What began as a reaction to the unrelated but growing subprime mortgage problem, grew into a substantial market-wide sell-off that affected not just the loan market but other fixed income and equity asset classes as well. This turmoil led to the collapse of Bear Stearns, and the Federal Reserve’s unprecedented action to provide liquidity to the broader market to avert a possible risk of financial market collapse. The impact on the bank loan asset class was significant and unprecedented. Average loan prices, which had fallen about 4-5% by December 2007, declined a further 7-8% by mid-February before recovering somewhat by the end of that month. Along with the tentative return of market confidence, loan prices have been rising steadily since mid-March 2008 and, as of April 30, 2008, were up approximately 4-5% from their mid-February bottom. Management is cautiously optimistic that the worst is behind us.

 

·             Notwithstanding the market turmoil, management believes that the bank loan asset class fundamentals remain relatively benign. Default rates in the market place have increased to 1%, but remain well below historical averages of 3%. According to S&P’s Leveraged Commentary & Data, the market expectations are for default rates to reach 5% in 2008 and 2009. While default risks have certainly increased in the past several months due to the weakening economy, management believes they are contained and are already priced into the asset class. Actual realized credit losses from defaulted loans during the six months ended April 30, 2008 were minimal.

 

 

Craig P. Russ
Co-Portfolio Manager

 

Management Discussion

 

·             The Trust’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 Trust invests at least 80% of its total assets in senior, secured floating-rate loans (“senior loans”). In managing the Trust, 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 Trust may also invest in second lien loans and high yield bonds, and, as discussed on the next page, may employ leverage, which may increase risk.

 

·             The Trust’s investments included senior loans to 450 borrowers spanning 39 industries on April 30, 2008, with an average loan size of 0.20% of total investments, and no industry constituting more than 9% of total investments. Health care, business equipment and services, cable and satellite television, publishing, and chemicals and plastics were the top industry weightings.

 

·             The Trust continues to have less than 1% exposure to home builders. The Trust did not have any exposure to subprime or prime mortgage lenders during the six-month period ended April 30, 2008.

 

·             The Trust’s net asset value declined in November 2007 through February 2008, as the dimensions of the credit crises widened, before rebounding in March and April 2008 reflecting conditions in the broader market. The Trust underperformed its benchmark during the period primarily due to the use of

 

Eaton Vance Senior Floating-Rate Trust

 

Total Return Performance 10/31/07 – 4/30/08

 

NYSE Symbol

 

 

EFR

 

 

 

 

 

At Market(1)

 

-3.35

%

At Net Asset Value(1)

 

-6.74

%

S&P/LSTA Leveraged Loan Index(2)

 

-3.31

%

Total Distributions per share

 

$

0.686

 

Distribution Rate(3)

At Market

 

7.54

%

 

At NAV

 

7.11

%

 

Please refer to page 3 for additional performance information.

 


(1)                 Performance results reflect the effect of leverage resulting from the Trust’s issuance of Auction Preferred Shares.

 

(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 Trust, the Index’s return does not reflect the effect of leverage.

 

(3)                 The Distribution Rate is based on the Trust’s most recent monthly distribution per share (annualized) divided by the Trust’s NAV or market price at the end of the period. The Trust’s monthly distributions may be comprised of ordinary income, net realized capital gains and return of capital.

 

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 Trust’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 Trust, market conditions, fluctuations in supply and demand for the Trust’s shares, or changes in Trust distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Trust’s current performance may be lower or higher than the quoted return. Absent an expense waiver by the investment adviser, returns would be lower. For performance as of the most recent month end, please refer to www.eatonvance.com.

 

Trust shares 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



 

leverage. Unlike the Trust, the Index’s return does not reflect the effect of leverage.

 

·             As of April 30, 2008, the Trust had leverage in the amount of approximately 42.5% of the Trust’s total assets. The Trust employs leverage though the issuance of Auction Preferred Shares (“APS”).(1) 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 Trust’s APS rises and falls with changes in short-term interest rates. Such increases/ decreases in cost of the Trust’s APS may be offset by increased/decreased income from the Trust’s senior loan investments.

 

·             As has been widely reported since mid-February 2008, the normal functioning of the auction market in the U.S. for certain types of “auction rate securities” has been disrupted by an imbalance between buy and sell orders. Consistent with patterns in the broader market for auction rate securities, the Trust has, since mid-February, experienced unsuccessful APS auctions. In the event of an unsuccessful auction, the affected APS shares remain outstanding, and the dividend rate reverts to the specified maximum payable rate.

 

·             As of May 7, 2008, the Trust redeemed two-thirds of its outstanding APS, representing 10,508 shares and $262,700,000 in liquidation preferences, through debt financing. The Trust was not required to sell portfolio holdings, and the cost to the Trust of the new debt leverage is expected, over time, to be lower than the total cost of the APS based on the maximum applicable dividend rates that apply when auctions do not clear.

 

·             Effective January 30, 2008. Peter M. Campo assumed co-portfolio management responsibilities for Eaton Vance Senior Floating-Rate Trust. Mr. Campo joined Eaton Vance in 2003 as an analyst in the bank loan group, and has been a Vice President since 2005. Previously, Mr. Campo worked as a bank loan analyst at CypressTree Investment Management.

 


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

 

Portfolio Composition

 

Top Ten Holdings(2)

 

By total investments

 

Sungard Data Systems, Inc.

 

1.3

%

Charter Communications Operating, Inc.

 

1.2

 

Univision Communications, Inc.

 

1.1

 

WMG Acquisition Corp.

 

1.1

 

Idearc, Inc.

 

0.9

 

UPC Broadband Holding B.V.

 

0.9

 

Georgia-Pacific Corp.

 

0.9

 

HCA, Inc.

 

0.8

 

Community Health Systems, Inc.

 

0.8

 

Nielson Finance, LLC

 

0.8

 

 


(2)                    Reflects the Trust’s investments as of 4/30/08. Holdings are shown as a percentage of the Trust’s total investments.

 

Top Five Industries(3)

 

By total investments

 

Health Care

 

9.0

%

Business Equipment and Services

 

6.8

 

Cable and Satellite Television

 

6.7

 

Publishing

 

6.6

 

Chemicals and Plastics

 

6.2

 

 


(3)                    Reflects the Trust’s investments as of 4/30/08. Industries are shown as a percentage of the Trust’s total investments.

 

Credit Quality Ratings for Total Loan Investments(4)

 

By total loan investments

 

Baa

 

0.8

%

Ba

 

51.3

 

B

 

31.0

 

Caa

 

3.0

 

Non-Rated(5)

 

13.9

 

 


(4)                  Credit Quality ratings are those provided by Moody’s Investor Services, Inc., a nationally recognized bond rating service. Reflects the Trust’s total loan investments as of 4/30/08.

 

(5)                  Certain loans in which the Trust 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.

 

The views expressed throughout 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. Portfolio information provided in the report may not be representative of current or future investments and may change due to active management.

 

2



 

Eaton Vance Senior Floating-Rate Trust a s of April 30, 2008

 

FUND PERFORMANCE

 

Trust Performance(1)

 

New York Stock Exchange Symbol

 

EFR

 

 

 

 

 

Average Annual Total Return (by share price, NYSE)

 

 

 

Six Months

 

-3.35

%

One Year

 

-14.72

 

Life of Trust (11/28/03)

 

1.96

 

 

 

 

 

Average Annual Total Return (at net asset value)

 

 

 

Six Months

 

-6.74

%

One Year

 

-7.75

 

Life of Trust (1 1/28/03)

 

3.33

 

 


(1)                 Performance results reflect the effect of leverage resulting from the Trust’s issuance of Auction Preferred Shares.

 

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 Trust’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 Trust, market conditions, fluctuations in supply and demand for the Trust’s shares, or changes in Trust 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 Trust’s current performance may be lower or higher than the quoted return. Absent an expense waiver by the investment adviser, the returns would be lower. For performance as of the most recent month end, please refer to www.eatonvance.com.

 

3



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited)


Senior Floating-Rate Interests — 157.5%(1)
     
Principal
Amount*
  Borrower/Tranche Description   Value  
Aerospace and Defense — 3.0%      
ACTS Aero Technical Support & Service, Inc.      
  709,366     Term Loan, 5.96%, Maturing October 5, 2014   $ 595,868    
AWAS Capital, Inc.      
  1,000,000     Term Loan, 4.38%, Maturing March 22, 2013     861,250    
Colt Defense, LLC      
  986,389     Term Loan, 6.11%, Maturing July 9, 2014     912,410    
DAE Aviation Holdings, Inc.      
  416,490     Term Loan, 6.52%, Maturing July 31, 2014     409,852    
  413,692     Term Loan, 6.65%, Maturing July 31, 2014     407,099    
Evergreen International Aviation      
  1,391,630     Term Loan, 7.75%, Maturing October 31, 2011     1,238,551    
Hawker Beechcraft Acquisition      
  200,822     Term Loan, 4.70%, Maturing March 26, 2014     191,973    
  3,446,097     Term Loan, 4.70%, Maturing March 26, 2014     3,294,255    
Hexcel Corp.      
  820,506     Term Loan, 4.54%, Maturing March 1, 2012     795,891    
IAP Worldwide Services, Inc.      
  953,063     Term Loan, 9.00%, Maturing December 30, 2012     795,807    
Spirit AeroSystems, Inc.      
  1,605,708     Term Loan, 4.57%, Maturing December 31, 2011     1,586,641    
TransDigm, Inc.      
  1,625,000     Term Loan, 4.66%, Maturing June 23, 2013     1,553,906    
Vought Aircraft Industries, Inc.      
  2,118,165     Term Loan, 5.12%, Maturing December 17, 2011     2,000,782    
Wesco Aircraft Hardware Corp.      
  1,142,688     Term Loan, 4.95%, Maturing September 29, 2013     1,117,454    
            $ 15,761,739    
Air Transport — 0.9%      
Airport Development and Investment, Ltd.      
GBP 982,900     Term Loan, 9.94%, Maturing April 7, 2011   $ 1,698,177    
Delta Air Lines, Inc.      
  1,191,000     Term Loan, 6.15%, Maturing April 30, 2014     952,800    
Northwest Airlines, Inc.      
  500,000     DIP Loan, Maturing August 21, 2008(2)     415,000    
  2,079,000     DIP Loan, 4.72%, Maturing August 21, 2008     1,832,598    
            $ 4,898,575    

 

Principal
Amount*
  Borrower/Tranche Description   Value  
Automotive — 6.0%      
Accuride Corp.      
  1,957,967     Term Loan, 6.24%, Maturing January 31, 2012   $ 1,899,228    
Adesa, Inc.      
  4,193,313     Term Loan, 4.95%, Maturing October 18, 2013     3,986,268    
Affina Group, Inc.      
  1,370,985     Term Loan, 5.90%, Maturing November 30, 2011     1,220,177    
Allison Transmission, Inc.      
  2,985,000     Term Loan, 5.57%, Maturing September 30, 2014     2,805,634    
AxleTech International Holding, Inc.      
  1,750,000     Term Loan, 9.19%, Maturing April 21, 2013     1,618,750    
Chrysler Financial      
  1,496,241     Term Loan, 6.80%, Maturing August 1, 2014     1,365,528    
CSA Acquisition Corp.      
  357,460     Term Loan, 5.25%, Maturing December 23, 2011     344,949    
  893,298     Term Loan, 5.25%, Maturing December 23, 2011     862,032    
  488,750     Term Loan, 5.25%, Maturing December 23, 2012     471,644    
Dayco Products, LLC      
  1,748,610     Term Loan, 7.35%, Maturing June 21, 2011     1,383,588    
Delphi Corp.      
  1,000,000     DIP Loan, 6.88%, Maturing July 1, 2008     1,006,429    
Ford Motor Co.      
  1,752,813     Term Loan, 5.80%, Maturing December 15, 2013     1,615,052    
General Motors Corp.      
  3,414,312     Term Loan, 5.06%, Maturing November 29, 2013     3,216,388    
Goodyear Tire & Rubber Co.      
  2,400,000     Term Loan, 4.54%, Maturing April 30, 2010     2,280,000    
HLI Operating Co., Inc.      
EUR 109,091     Term Loan, 4.26%, Maturing May 30, 2014     147,764    
EUR 1,876,727     Term Loan, 7.39%, Maturing May 30, 2014     2,542,033    
Keystone Automotive Operations, Inc.      
  1,343,859     Term Loan, 6.30%, Maturing January 12, 2012     1,081,807    
LKQ Corp.      
  971,251     Term Loan, 4.97%, Maturing October 12, 2014     963,966    
TriMas Corp.      
  234,375     Term Loan, 5.39%, Maturing August 2, 2011     216,797    
  1,000,000     Term Loan, Maturing August 2, 2013(2)     915,000    
  1,000,391     Term Loan, 5.16%, Maturing August 2, 2013     935,361    
United Components, Inc.      
  1,137,153     Term Loan, 5.05%, Maturing June 30, 2010     1,101,617    
            $ 31,980,012    

 

See notes to financial statements
4



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount*
  Borrower/Tranche Description   Value  
Beverage and Tobacco — 0.1%      
Culligan International Co.      
EUR 975,000     Term Loan, 9.12%, Maturing May 31, 2013   $ 812,118    
            $ 812,118    
Brokers, Dealers and Investment Houses — 0.1%      
AmeriTrade Holding Corp.      
  730,172     Term Loan, 4.37%, Maturing December 31, 2012   $ 714,591    
            $ 714,591    
Building and Development — 5.8%      
Beacon Sales Acquisition, Inc.      
  1,182,000     Term Loan, 4.74%, Maturing September 30, 2013   $ 972,195    
Brickman Group Holdings, Inc.      
  1,212,750     Term Loan, 4.70%, Maturing January 23, 2014     1,136,953    
Building Materials Corp. of America      
  1,407,276     Term Loan, 5.69%, Maturing February 22, 2014     1,184,458    
Capital Automotive (REIT)      
  1,232,598     Term Loan, 4.46%, Maturing December 16, 2010     1,195,428    
Epco/Fantome, LLC      
  1,403,000     Term Loan, 5.49%, Maturing November 23, 2010     1,219,277    
Forestar USA Real Estate Group, Inc.      
  1,550,000     Term Loan, 0.00%, Maturing December 1, 2010(3)     1,457,000    
  1,550,000     Term Loan, 6.72%, Maturing December 1, 2010     1,488,000    
Hovstone Holdings, LLC      
  894,412     Term Loan, 7.27%, Maturing February 28, 2009     750,590    
LNR Property Corp.      
  1,144,000     Term Loan, 6.36%, Maturing July 3, 2011     957,743    
Metroflag BP, LLC      
  500,000     Term Loan, 11.80%, Maturing July 1, 2008     412,500    
Mueller Water Products, Inc.      
  1,780,255     Term Loan, 4.62%, Maturing May 24, 2014     1,662,313    
NCI Building Systems, Inc.      
  553,061     Term Loan, 4.33%, Maturing June 18, 2010     532,321    
Nortek, Inc.      
  2,697,151     Term Loan, 5.30%, Maturing August 27, 2011     2,440,921    
November 2005 Land Investors      
  305,720     Term Loan, 6.86%, Maturing May 9, 2011     229,290    
Panolam Industries Holdings, Inc.      
  1,000,288     Term Loan, 5.44%, Maturing September 30, 2012     830,239    
PLY GEM Industries, Inc.      
  1,837,104     Term Loan, 5.45%, Maturing August 15, 2011     1,583,191    
  57,461     Term Loan, 5.45%, Maturing August 15, 2011     49,519    

 

Principal
Amount*
  Borrower/Tranche Description   Value  
Building and Development (continued)      
Re/Max International, Inc.      
  690,472     Term Loan, 6.23%, Maturing December 17, 2012   $ 597,258    
  495,179     Term Loan, 10.23%, Maturing December 17, 2012     428,329    
Realogy Corp.      
  894,755     Term Loan, 6.14%, Maturing September 1, 2014     767,951    
  3,323,370     Term Loan, 5.72%, Maturing September 1, 2014     2,852,386    
South Edge, LLC      
  787,500     Term Loan, 7.25%, Maturing October 31, 2009     496,125    
Tousa/Kolter, LLC      
  1,297,200     Term Loan, 6.00%, Maturing March 31, 2031(10)     727,210    
TRU 2005 RE Holding Co.      
  4,600,000     Term Loan, 5.71%, Maturing December 9, 2008     4,255,000    
United Subcontractors, Inc.      
  825,000     Term Loan, 12.21%, Maturing June 27, 2013(4)     412,500    
Wintergames Acquisition ULC      
  2,605,948     Term Loan, 6.14%, Maturing April 24, 2009     2,482,166    
            $ 31,120,863    
Business Equipment and Services — 11.1%      
ACCO Brands Corp.      
  1,017,825     Term Loan, 4.53%, Maturing August 17, 2012   $ 974,567    
Activant Solutions, Inc.      
  500,000     Term Loan, Maturing May 1, 2013(2)     437,500    
  721,446     Term Loan, 4.76%, Maturing May 1, 2013     634,318    
Affiliated Computer Services      
  2,136,938     Term Loan, 4.79%, Maturing March 20, 2013     2,065,316    
  806,437     Term Loan, 4.89%, Maturing March 20, 2013     779,409    
Affinion Group, Inc.      
  2,402,406     Term Loan, 5.56%, Maturing October 17, 2012     2,270,274    
Allied Security Holdings, LLC      
  1,228,037     Term Loan, 5.87%, Maturing June 30, 2010     1,148,215    
DynCorp International, LLC      
  1,070,836     Term Loan, 4.63%, Maturing February 11, 2011     1,029,341    
Education Management, LLC      
  1,000,000     Term Loan, Maturing June 1, 2013(2)     880,000    
  3,702,991     Term Loan, 4.50%, Maturing June 1, 2013     3,326,237    
Info USA, Inc.      
  611,016     Term Loan, 4.70%, Maturing February 14, 2012     586,575    
Intergraph Corp.      
  1,000,000     Term Loan, 5.08%, Maturing May 29, 2014     945,833    
  1,000,000     Term Loan, 9.09%, Maturing November 29, 2014     936,250    
iPayment, Inc.      
  1,652,867     Term Loan, 4.70%, Maturing May 10, 2013     1,371,880    

 

See notes to financial statements
5



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount*
  Borrower/Tranche Description   Value  
Business Equipment and Services (continued)      
ista International GmbH      
EUR 1,063,683     Term Loan, 6.77%, Maturing May 14, 2015   $ 1,398,670    
EUR 211,317     Term Loan, 6.77%, Maturing May 14, 2015     277,867    
Kronos, Inc.      
  1,083,893     Term Loan, 4.95%, Maturing June 11, 2014     987,697    
Language Line, Inc.      
  2,072,233     Term Loan, 5.95%, Maturing June 11, 2011     1,921,996    
Mitchell International, Inc.      
  1,000,000     Term Loan, 7.94%, Maturing March 28, 2015     955,000    
N.E.W. Holdings I, LLC      
  1,000,000     Term Loan, Maturing May 22, 2014(2)     870,000    
  981,955     Term Loan, 5.43%, Maturing May 22, 2014     832,004    
Protection One, Inc.      
  900,560     Term Loan, 5.23%, Maturing March 31, 2012     778,984    
Quantum Corp.      
  361,250     Term Loan, 6.20%, Maturing July 12, 2014     326,931    
Quintiles Transnational Corp.      
  1,700,000     Term Loan, 6.70%, Maturing March 31, 2014     1,623,500    
Sabre, Inc.      
  6,057,297     Term Loan, 4.88%, Maturing September 30, 2014     5,141,512    
Serena Software, Inc.      
  480,000     Term Loan, 4.68%, Maturing March 10, 2013     434,400    
Sitel (Client Logic)      
  1,995,594     Term Loan, 5.14%, Maturing January 29, 2014     1,446,806    
Solera Holdings, LLC      
EUR 774,936     Term Loan, 6.63%, Maturing May 15, 2014     1,103,945    
SunGard Data Systems, Inc.      
  12,742,206     Term Loan, 4.88%, Maturing February 11, 2013     12,100,751    
TDS Investor Corp.      
  1,000,000     Term Loan, Maturing August 23, 2013(2)     905,000    
  269,897     Term Loan, 4.95%, Maturing August 23, 2013     249,452    
  1,345,107     Term Loan, 5.11%, Maturing August 23, 2013     1,262,465    
EUR 1,054,228     Term Loan, 6.98%, Maturing August 23, 2013     1,464,884    
Transaction Network Services, Inc.      
  616,170     Term Loan, 4.72%, Maturing May 4, 2012     569,957    
Valassis Communications, Inc.      
  1,152,685     Term Loan, 4.45%, Maturing March 2, 2014     1,075,359    
  238,601     Term Loan, 6.00%, Maturing March 2, 2014     222,595    
VWR International, Inc.      
  1,625,000     Term Loan, 5.20%, Maturing June 28, 2013     1,519,375    
WAM Acquisition, S.A.      
EUR 245,946     Term Loan, 6.96%, Maturing May 4, 2014     358,677    
EUR 148,939     Term Loan, 6.96%, Maturing May 4, 2014     217,206    
EUR 245,946     Term Loan, 7.21%, Maturing May 4, 2015     358,677    
EUR 148,939     Term Loan, 7.21%, Maturing May 4, 2015     217,206    

 

Principal
Amount*
  Borrower/Tranche Description   Value  
Business Equipment and Services (continued)      
West Corp.      
  3,406,961     Term Loan, 5.28%, Maturing October 24, 2013   $ 3,122,810    
            $ 59,129,441    
Cable and Satellite Television — 11.4%      
Atlantic Broadband Finance, LLC      
  4,219,612     Term Loan, 4.95%, Maturing February 10, 2011   $ 3,939,008    
Bragg Communications, Inc.      
  2,139,250     Term Loan, 5.59%, Maturing August 31, 2014     2,139,250    
Bresnan Broadband Holdings, LLC      
  500,000     Term Loan, 5.02%, Maturing March 29, 2014     458,375    
  1,200,000     Term Loan, 7.47%, Maturing March 29, 2014     1,080,000    
Cequel Communications, LLC      
  498,741     Term Loan, 4.76%, Maturing November 5, 2013     455,974    
  1,550,000     Term Loan, 7.74%, Maturing May 5, 2014     1,259,375    
  3,531,926     Term Loan, 9.24%, Maturing May 5, 2014     2,818,477    
Charter Communications Operating, Inc.      
  12,088,511     Term Loan, 4.90%, Maturing April 28, 2013     10,708,402    
CSC Holdings, Inc.      
  4,978,069     Term Loan, 4.48%, Maturing March 29, 2013     4,806,948    
CW Media Holdings, Inc.      
  621,875     Term Loan, 5.95%, Maturing February 15, 2015     603,219    
Insight Midwest Holdings, LLC      
  3,594,375     Term Loan, 4.69%, Maturing April 6, 2014     3,426,852    
Mediacom Broadband Group      
  5,821,757     Term Loan, 4.52%, Maturing January 31, 2015     5,312,353    
Mediacom Illinois, LLC      
  1,000,000     Term Loan, Maturing January 31, 2015(2)     917,500    
  2,749,941     Term Loan, 4.52%, Maturing January 31, 2015     2,473,853    
NTL Investment Holdings, Ltd.      
  2,213,852     Term Loan, 4.94%, Maturing March 30, 2012     2,038,588    
GBP 471,050     Term Loan, 7.68%, Maturing March 30, 2012     870,315    
GBP 239,517     Term Loan, 7.68%, Maturing March 30, 2012     442,533    
Orion Cable GmbH      
EUR 1,075,000     Term Loan, 7.44%, Maturing October 31, 2014     1,589,685    
EUR 1,075,000     Term Loan, 7.64%, Maturing October 31, 2015     1,590,881    
ProSiebenSat.1 Media AG      
EUR 608,000     Term Loan, 6.74%, Maturing March 2, 2015     680,760    
EUR 11,076     Term Loan, 6.25%, Maturing June 26, 2015     14,133    
EUR 272,924     Term Loan, 6.25%, Maturing June 26, 2015     348,253    
EUR 608,000     Term Loan, 6.96%, Maturing March 2, 2016     680,760    
EUR 575,000     Term Loan, 8.15%, Maturing September 2, 2016     495,353    
EUR 380,637     Term Loan, 7.90%, Maturing March 2, 2017     317,542    
UPC Broadband Holding B.V.      
EUR 4,050,000     Term Loan, 6.36%, Maturing October 16, 2011     5,746,625    
  2,950,000     Term Loan, 4.46%, Maturing December 31, 2014     2,781,298    

 

See notes to financial statements
6



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount*
  Borrower/Tranche Description   Value  
Cable and Satellite Television (continued)      
YPSO Holding SA      
EUR 541,621     Term Loan, 6.89%, Maturing July 28, 2014   $ 695,212    
EUR 209,021     Term Loan, 6.89%, Maturing July 28, 2014     268,295    
EUR 249,358     Term Loan, 6.89%, Maturing July 28, 2014     320,070    
EUR 1,000,000     Term Loan, 7.14%, Maturing July 28, 2015     1,291,578    
            $ 60,571,467    
Chemicals and Plastics — 10.2%      
AZ Chem US, Inc.      
  500,000     Term Loan, 8.59%, Maturing February 28, 2014   $ 300,000    
Brenntag Holding GmbH and Co. KG      
  373,091     Term Loan, 5.79%, Maturing December 23, 2013     345,575    
  1,526,909     Term Loan, 5.79%, Maturing December 23, 2013     1,414,300    
  1,000,000     Term Loan, 7.79%, Maturing December 23, 2015     852,500    
Celanese Holdings, LLC      
  4,182,750     Term Loan, 4.19%, Maturing April 2, 2014     4,049,425    
Cognis GmbH      
EUR 803,279     Term Loan, 6.61%, Maturing September 15, 2013     1,128,167    
EUR 196,721     Term Loan, 6.61%, Maturing September 15, 2013     276,286    
First Chemical Holding      
EUR 1,000,000     Term Loan, 6.59%, Maturing December 18, 2014(3)     1,369,423    
Foamex L.P.      
  1,459,647     Term Loan, 5.97%, Maturing February 12, 2013     1,207,858    
Georgia Gulf Corp.      
  750,469     Term Loan, 5.25%, Maturing October 3, 2013     710,131    
Hercules, Inc.      
  575,250     Term Loan, 4.36%, Maturing October 8, 2010     566,621    
Hexion Specialty Chemicals, Inc.      
  496,250     Term Loan, 5.00%, Maturing May 5, 2012     469,112    
  4,463,624     Term Loan, 4.94%, Maturing May 5, 2013     4,219,521    
  969,626     Term Loan, 5.00%, Maturing May 5, 2013     916,600    
Huish Detergents, Inc.      
  942,875     Term Loan, 4.70%, Maturing April 26, 2014     813,230    
INEOS Group      
  250,000     Term Loan, Maturing December 14, 2013(2)     230,000    
  1,592,500     Term Loan, 4.88%, Maturing December 14, 2013     1,493,314    
  250,000     Term Loan, Maturing December 14, 2014(2)     230,000    
  1,592,500     Term Loan, 5.38%, Maturing December 14, 2014     1,493,314    
Innophos, Inc.      
  576,590     Term Loan, 4.70%, Maturing August 10, 2010     546,319    
Invista B.V.      
  2,485,498     Term Loan, 4.20%, Maturing April 29, 2011     2,390,221    
  1,317,498     Term Loan, 4.20%, Maturing April 29, 2011     1,266,995    
ISP Chemco, Inc.      
  2,580,500     Term Loan, 4.69%, Maturing June 4, 2014     2,445,831    

 

Principal
Amount*
  Borrower/Tranche Description   Value  
Chemicals and Plastics (continued)      
Kleopatra      
  825,000     Term Loan, 5.21%, Maturing January 3, 2016   $ 595,031    
EUR 575,000     Term Loan, 7.24%, Maturing January 3, 2016     645,116    
Kranton Polymers, LLC      
  2,871,745     Term Loan, 4.75%, Maturing May 12, 2013     2,401,496    
Lucite International Group Holdings      
  600,188     Term Loan, 5.15%, Maturing July 7, 2013     538,293    
  212,516     Term Loan, 5.15%, Maturing July 7, 2013     190,600    
MacDermid, Inc.      
EUR 807,192     Term Loan, 6.98%, Maturing April 12, 2014     1,112,195    
Millenium Inorganic Chemicals      
  349,125     Term Loan, 4.95%, Maturing April 30, 2014     303,957    
  975,000     Term Loan, 8.45%, Maturing October 31, 2014     745,875    
Momentive Performance Material      
  1,000,000     Term Loan, Maturing December 4, 2013(2)     930,000    
  2,685,254     Term Loan, 5.13%, Maturing December 4, 2013     2,514,397    
Nalco Co.      
  5,411,119     Term Loan, 5.01%, Maturing November 4, 2010     5,341,792    
Propex Fabrics, Inc.      
  1,000,000     Term Loan, 4.13%, Maturing January 23, 2009(3)     1,000,000    
  783,973     Term Loan, 9.24%, Maturing July 31, 2012     509,582    
Rockwood Specialties Group, Inc.      
  4,316,500     Term Loan, 4.40%, Maturing December 10, 2012     4,118,062    
Schoeller Arca Systems Holding      
EUR 443,417     Term Loan, 7.61%, Maturing November 16, 2015     612,898    
EUR 412,060     Term Loan, 7.61%, Maturing November 16, 2015     569,556    
EUR 144,523     Term Loan, 7.61%, Maturing November 16, 2015     199,761    
Solo Cup Co.      
  1,655,455     Term Loan, 6.30%, Maturing February 27, 2011     1,602,243    
Wellman, Inc.      
  2,250,000     Term Loan, 6.74%, Maturing February 10, 2009(10)     1,597,500    
            $ 54,263,097    
Clothing / Textiles — 0.4%      
Hanesbrands, Inc.      
  850,000     Term Loan, 6.66%, Maturing March 5, 2014   $ 844,687    
St. John Knits International, Inc.      
  528,149     Term Loan, 5.90%, Maturing March 23, 2012     485,897    
The William Carter Co.      
  630,209     Term Loan, 4.39%, Maturing July 14, 2012     601,849    
            $ 1,932,433    

 

See notes to financial statements
7



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount*
  Borrower/Tranche Description   Value  
Conglomerates — 3.8%      
Amsted Industries, Inc.      
  1,701,878     Term Loan, 4.75%, Maturing October 15, 2010   $ 1,676,350    
Blount, Inc.      
  278,080     Term Loan, 4.46%, Maturing August 9, 2010     263,481    
Doncasters (Dunde HoldCo 4 Ltd.)      
  431,763     Term Loan, 5.22%, Maturing July 13, 2015     376,713    
  431,763     Term Loan, 5.72%, Maturing July 13, 2015     376,713    
GBP 500,000     Term Loan, 10.04%, Maturing January 13, 2016     816,977    
GenTek, Inc.      
  502,418     Term Loan, 4.76%, Maturing February 25, 2011     465,993    
ISS Holdings A/S      
EUR 147,368     Term Loan, 6.65%, Maturing December 31, 2013     214,320    
EUR 1,052,632     Term Loan, 6.65%, Maturing December 31, 2013     1,530,854    
Jarden Corp.      
  2,144,855     Term Loan, 4.45%, Maturing January 24, 2012     2,044,911    
  1,208,675     Term Loan, 4.45%, Maturing January 24, 2012     1,152,354    
Johnson Diversey, Inc.      
  1,661,444     Term Loan, 5.11%, Maturing December 16, 2011     1,580,449    
Polymer Group, Inc.      
  2,319,227     Term Loan, 4.92%, Maturing November 22, 2012     2,064,112    
RBS Global, Inc.      
  296,250     Term Loan, 4.98%, Maturing July 19, 2013     277,734    
  2,284,836     Term Loan, 5.31%, Maturing July 19, 2013     2,142,034    
RGIS Holdings, LLC      
  141,845     Term Loan, 5.20%, Maturing April 30, 2014     122,962    
  2,836,899     Term Loan, 5.30%, Maturing April 30, 2014     2,459,237    
US Investigations Services, Inc.      
  1,915,351     Term Loan, 5.60%, Maturing February 21, 2015     1,738,181    
Vertrue, Inc.      
  845,750     Term Loan, 5.70%, Maturing August 16, 2014     765,404    
            $ 20,068,779    
Containers and Glass Products — 4.4%      
Berry Plastics Corp.      
  2,881,000     Term Loan, 5.10%, Maturing April 3, 2015   $ 2,622,612    
Consolidated Container Co.      
  1,000,000     Term Loan, 8.55%, Maturing September 28, 2014     526,250    
Crown Americas, Inc.      
  612,500     Term Loan, 4.82%, Maturing November 15, 2012     589,531    
Graham Packaging Holdings Co.      
  4,207,500     Term Loan, 5.04%, Maturing October 7, 2011     3,997,415    
Graphic Packaging International, Inc.      
  5,528,673     Term Loan, 4.80%, Maturing May 16, 2014     5,276,046    
  1,500,000     Term Loan, 5.48%, Maturing May 16, 2014     1,450,624    

 

Principal
Amount*
  Borrower/Tranche Description   Value  
Containers and Glass Products (continued)      
JSG Acquisitions      
  1,845,000     Term Loan, 4.60%, Maturing December 31, 2013   $ 1,734,300    
  1,845,000     Term Loan, 4.85%, Maturing December 13, 2014     1,734,300    
Kranson Industries, Inc.      
  834,138     Term Loan, 4.91%, Maturing July 31, 2013     775,749    
Owens-Brockway Glass Container      
  1,555,938     Term Loan, 4.22%, Maturing June 14, 2013     1,495,256    
Smurfit-Stone Container Corp.      
  650,961     Term Loan, 4.60%, Maturing November 1, 2011     634,849    
  628,909     Term Loan, 4.71%, Maturing November 1, 2011     613,344    
  729,847     Term Loan, 5.01%, Maturing November 1, 2011     711,783    
  1,427,827     Term Loan, 5.03%, Maturing November 1, 2011     1,392,488    
            $ 23,554,547    
Cosmetics / Toiletries — 0.7%      
American Safety Razor Co.      
  491,806     Term Loan, 5.37%, Maturing July 31, 2013   $ 473,363    
  900,000     Term Loan, 9.03%, Maturing July 31, 2014     801,000    
Bausch & Lomb, Inc.      
  110,000     Term Loan, 5.95%, Maturing April 30, 2015(3)     108,791    
  438,900     Term Loan, 5.95%, Maturing April 30, 2015     434,076    
KIK Custom Products, Inc.      
  975,000     Term Loan, 7.92%, Maturing November 30, 2014     360,750    
Prestige Brands, Inc.      
  1,446,211     Term Loan, 6.90%, Maturing April 7, 2011     1,399,209    
            $ 3,577,189    
Drugs — 1.2%      
Graceway Pharmaceuticals, LLC      
  754,801     Term Loan, 5.56%, Maturing May 3, 2012   $ 633,797    
  1,000,000     Term Loan, 9.20%, Maturing May 3, 2013     812,500    
  275,000     Term Loan, 10.95%, Maturing November 3, 2013     215,875    
Pharmaceutical Holdings Corp.      
  475,289     Term Loan, 6.14%, Maturing January 30, 2012     451,525    
Stiefel Laboratories, Inc.      
  748,947     Term Loan, 4.97%, Maturing December 28, 2013     722,733    
  979,178     Term Loan, 4.97%, Maturing December 28, 2013     944,907    
Warner Chilcott Corp.      
  736,281     Term Loan, 4.73%, Maturing January 18, 2012     708,977    
  2,140,652     Term Loan, 4.84%, Maturing January 18, 2012     2,061,270    
            $ 6,551,584    

 

See notes to financial statements
8



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount*
  Borrower/Tranche Description   Value  
Ecological Services and Equipment — 2.4%      
Allied Waste Industries, Inc.      
  1,284,460     Term Loan, 4.65%, Maturing January 15, 2012   $ 1,243,006    
  2,136,226     Term Loan, 4.38%, Maturing January 15, 2012     2,067,283    
Blue Waste B.V. (AVR Acquisition)      
EUR 1,000,000     Term Loan, 6.87%, Maturing April 1, 2015     1,427,483    
Cory Environmental Holdings      
GBP 500,000     Term Loan, 9.74%, Maturing September 30, 2014     873,224    
Environmental Systems Products Holdings, Inc.      
  1,165,123     Term Loan, 9.69%, Maturing December 12, 2010(4)     1,165,123    
IESI Corp.      
  970,588     Term Loan, 6.14%, Maturing January 20, 2012     924,485    
Kemble Water Structure Ltd.      
GBP 1,250,000     Term Loan, 9.74%, Maturing October 13, 2013     2,265,254    
Sensus Metering Systems, Inc.      
  2,113,043     Term Loan, 5.46%, Maturing December 17, 2010     1,901,739    
  145,761     Term Loan, 6.88%, Maturing December 17, 2010     131,185    
Waste Services, Inc.      
  633,630     Term Loan, 5.15%, Maturing March 31, 2011     628,878    
            $ 12,627,660    
Electronics / Electrical — 4.4%      
Aspect Software, Inc.      
  1,785,142     Term Loan, 5.63%, Maturing July 11, 2011   $ 1,673,571    
  1,800,000     Term Loan, 9.75%, Maturing July 11, 2013     1,548,000    
EnerSys Capital, Inc.      
  1,059,094     Term Loan, 4.72%, Maturing March 17, 2011     994,224    
FCI International S.A.S.      
  216,536     Term Loan, 6.85%, Maturing November 1, 2013     198,130    
  208,464     Term Loan, 6.85%, Maturing November 1, 2013     190,745    
  208,464     Term Loan, 6.85%, Maturing November 1, 2013     189,181    
  216,536     Term Loan, 6.85%, Maturing November 1, 2013     196,506    
Freescale Semiconductor, Inc.      
  4,270,938     Term Loan, 4.46%, Maturing December 1, 2013     3,710,864    
Infor Enterprise Solutions Holdings      
  1,000,000     Term Loan, 5.45%, Maturing July 28, 2012     802,500    
  2,931,414     Term Loan, 6.45%, Maturing July 28, 2012     2,436,737    
  1,529,433     Term Loan, 6.45%, Maturing July 28, 2012     1,271,341    
  500,000     Term Loan, 8.20%, Maturing March 2, 2014     325,833    
  183,333     Term Loan, 8.95%, Maturing March 2, 2014     110,917    
  316,667     Term Loan, 8.95%, Maturing March 2, 2014     206,361    
Network Solutions, LLC      
  712,538     Term Loan, 5.24%, Maturing March 7, 2014     594,970    
Open Solutions, Inc.      
  2,079,368     Term Loan, 5.15%, Maturing January 23, 2014     1,729,775    

 

Principal
Amount*
  Borrower/Tranche Description   Value  
Electronics / Electrical (continued)      
Sensata Technologies Finance Co.      
  2,770,899     Term Loan, 4.66%, Maturing April 27, 2013   $ 2,530,754    
Spectrum Brands, Inc.      
  57,701     Term Loan, 6.71%, Maturing March 30, 2013     52,869    
  1,145,560     Term Loan, 6.89%, Maturing March 30, 2013     1,049,619    
TTM Technologies, Inc.      
  216,000     Term Loan, 5.16%, Maturing October 27, 2012     206,280    
VeriFone, Inc.      
  724,625     Term Loan, 5.65%, Maturing October 31, 2013     692,017    
Vertafore, Inc.      
  2,227,584     Term Loan, 5.59%, Maturing January 31, 2012     2,060,515    
  850,000     Term Loan, 9.09%, Maturing January 31, 2013     743,750    
            $ 23,515,459    
Equipment Leasing — 1.6%      
AWAS Capital, Inc.      
  1,966,414     Term Loan, 8.63%, Maturing March 22, 2013   $ 1,720,612    
Maxim Crane Works, L.P.      
  868,438     Term Loan, 4.71%, Maturing June 29, 2014     772,909    
The Hertz Corp.      
  400,000     Term Loan, 4.10%, Maturing December 21, 2012     384,227    
  2,212,140     Term Loan, 4.22%, Maturing December 21, 2012     2,124,911    
United Rentals, Inc.      
  1,030,874     Term Loan, 4.60%, Maturing February 14, 2011     1,005,961    
  2,438,000     Term Loan, 5.10%, Maturing February 14, 2011     2,379,081    
            $ 8,387,701    
Farming / Agriculture — 0.5%      
BF Bolthouse HoldCo, LLC      
  1,150,000     Term Loan, 8.20%, Maturing December 16, 2013   $ 1,069,500    
Central Garden & Pet Co.      
  2,033,500     Term Loan, 4.31%, Maturing February 28, 2014     1,787,786    
            $ 2,857,286    
Financial Intermediaries — 2.2%      
Citco III, Ltd.      
  2,775,000     Term Loan, 6.72%, Maturing June 30, 2014   $ 2,490,562    
Grosvenor Capital Management      
  1,501,195     Term Loan, 4.86%, Maturing December 5, 2013     1,441,148    
INVESTools, Inc.      
  384,000     Term Loan, 5.95%, Maturing August 13, 2012     349,440    
Jupiter Asset Management Group      
GBP 418,271     Term Loan, 7.84%, Maturing June 30, 2015     713,465    

 

See notes to financial statements
9



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount*
  Borrower/Tranche Description   Value  
Financial Intermediaries (continued)      
LPL Holdings, Inc.      
  4,051,670     Term Loan, 4.70%, Maturing December 18, 2014   $ 3,778,183    
Nuveen Investments, Inc.      
  1,475,000     Term Loan, 5.87%, Maturing November 2, 2014     1,408,855    
Oxford Acquisition III, Ltd.      
  916,637     Term Loan, 4.67%, Maturing May 24, 2014     771,121    
RJO Holdings Corp. (RJ O'Brien)      
  472,625     Term Loan, 5.90%, Maturing July 31, 2014     319,022    
Travelex America Holdings, Inc.      
  375,000     Term Loan, 5.54%, Maturing October 31, 2013     349,688    
  375,000     Term Loan, 6.04%, Maturing October 31, 2014     349,688    
            $ 11,971,172    
Food Products — 3.7%      
Acosta, Inc.      
  3,047,597     Term Loan, 5.12%, Maturing July 28, 2013   $ 2,906,645    
Advantage Sales & Marketing, Inc.      
  1,000,000     Term Loan, Maturing March 29, 2013(2)     937,500    
  828,555     Term Loan, 4.70%, Maturing March 29, 2013     790,485    
  421,103     Term Loan, 4.70%, Maturing March 29, 2013     397,942    
Black Lion Beverages III B.V.      
EUR 147,059     Term Loan, 6.71%, Maturing December 31, 2013     211,555    
EUR 852,941     Term Loan, 6.71%, Maturing December 31, 2014     1,227,020    
Dean Foods Co.      
  4,437,731     Term Loan, 4.45%, Maturing April 2, 2014     4,242,347    
Pinnacle Foods Finance, LLC      
  3,746,688     Term Loan, 5.44%, Maturing April 2, 2014     3,504,715    
Provimi Group SA      
  252,404     Term Loan, 4.97%, Maturing June 28, 2015     219,907    
  205,103     Term Loan, 4.97%, Maturing June 28, 2015     178,696    
EUR 46,773     Term Loan, 6.51%, Maturing June 28, 2015(3)     59,714    
EUR 457,186     Term Loan, 6.61%, Maturing June 28, 2015     620,149    
EUR 265,285     Term Loan, 6.61%, Maturing June 28, 2015     359,845    
EUR 438,752     Term Loan, 6.61%, Maturing June 28, 2015     595,144    
EUR 598,067     Term Loan, 6.61%, Maturing June 28, 2015     811,248    
  282,126     Term Loan, 6.82%, Maturing December 28, 2016(3)     231,343    
EUR 697,446     Term Loan, 4.09%, Maturing December 28, 2016(3)     890,399    
Reddy Ice Group, Inc.      
  1,970,000     Term Loan, 4.46%, Maturing August 9, 2012     1,704,050    
            $ 19,888,704    
Food Service — 3.1%      
AFC Enterprises, Inc.      
  432,850     Term Loan, 5.00%, Maturing May 23, 2009   $ 396,057    

 

Principal
Amount*
  Borrower/Tranche Description   Value  
Food Service (continued)      
Aramark Corp.      
  2,842,419     Term Loan, 4.57%, Maturing January 26, 2014   $ 2,729,788    
  180,813     Term Loan, 5.20%, Maturing January 26, 2014     173,648    
GBP 987,500     Term Loan, 8.13%, Maturing January 27, 2014     1,838,446    
Buffets, Inc.      
  1,154,448     DIP Loan, 11.25%, Maturing January 22, 2009     1,157,334    
  186,667     Term Loan, 4.73%, Maturing May 1, 2013     108,033    
  1,397,393     Term Loan, 11.39%, Maturing November 1, 2013     808,741    
CBRL Group, Inc.      
  1,757,352     Term Loan, 4.62%, Maturing April 27, 2013     1,665,091    
Denny's, Inc.      
  123,333     Term Loan, 4.70%, Maturing March 31, 2012     116,858    
  500,000     Term Loan, 4.70%, Maturing March 31, 2012     473,750    
JRD Holdings, Inc.      
  1,379,688     Term Loan, 5.20%, Maturing June 26, 2014     1,331,398    
NPC International, Inc.      
  373,356     Term Loan, 4.50%, Maturing May 3, 2013     345,354    
OSI Restaurant Partners, LLC      
  148,885     Term Loan, 5.10%, Maturing May 9, 2013     129,965    
  500,000     Term Loan, Maturing May 9, 2014(2)     425,000    
  1,824,917     Term Loan, 5.00%, Maturing May 9, 2014     1,604,459    
QCE Finance, LLC      
  1,231,828     Term Loan, 4.99%, Maturing May 5, 2013     1,047,493    
  950,000     Term Loan, 8.45%, Maturing November 5, 2013     767,916    
Sagittarius Restaurants, LLC      
  392,000     Term Loan, 9.50%, Maturing March 29, 2013     301,840    
Selecta      
EUR 741,246     Term Loan, 8.77%, Maturing December 28, 2015     960,743    
            $ 16,381,914    
Food / Drug Retailers — 3.5%      
General Nutrition Centers, Inc.      
  3,431,474     Term Loan, 4.95%, Maturing September 16, 2013   $ 3,051,867    
Iceland Foods Group, Ltd.      
GBP 1,250,000     Term Loan, 7.91%, Maturing May 2, 2014     2,325,084    
GBP 1,250,000     Term Loan, 8.41%, Maturing May 2, 2015     2,327,146    
Pantry, Inc. (The)      
  238,889     Term Loan, 4.14%, Maturing May 15, 2014(3)     202,458    
  829,840     Term Loan, 4.62%, Maturing May 15, 2014     703,290    
Rite Aid Corp.      
  6,400,000     Term Loan, 4.53%, Maturing June 1, 2014     6,022,003    
Roundy's Supermarkets, Inc.      
  4,348,366     Term Loan, 5.47%, Maturing November 3, 2011     4,083,115    
            $ 18,714,963    

 

See notes to financial statements
10



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount*
  Borrower/Tranche Description   Value  
Forest Products — 2.3%      
Appleton Papers, Inc.      
  1,339,875     Term Loan, 4.60%, Maturing June 5, 2014   $ 1,237,151    
Georgia-Pacific Corp.      
  8,650,875     Term Loan, 4.73%, Maturing December 20, 2012     8,311,596    
Newpage Corp.      
  1,496,250     Term Loan, 6.31%, Maturing December 5, 2014     1,489,601    
Xerium Technologies, Inc.      
  1,246,964     Term Loan, 5.45%, Maturing May 18, 2012     1,010,041    
            $ 12,048,389    
Healthcare — 14.8%      
Accellent, Inc.      
  2,319,372     Term Loan, 5.84%, Maturing November 22, 2012   $ 2,014,955    
Advanced Medical Optics, Inc.      
  997,481     Term Loan, 5.44%, Maturing April 2, 2014     927,657    
Alliance Imaging, Inc.      
  1,022,942     Term Loan, 5.41%, Maturing December 29, 2011     974,353    
American Medical Systems      
  1,352,082     Term Loan, 5.38%, Maturing July 20, 2012     1,281,098    
AMN Healthcare, Inc.      
  297,054     Term Loan, 4.45%, Maturing November 2, 2011     285,172    
AMR HoldCo, Inc.      
  1,874,383     Term Loan, 5.00%, Maturing February 10, 2012     1,780,664    
Biomet, Inc.      
  2,736,250     Term Loan, 5.70%, Maturing December 26, 2014     2,688,935    
EUR 1,218,875     Term Loan, 7.73%, Maturing December 26, 2014     1,813,852    
Capio AB      
EUR 227,051     Term Loan, 7.09%, Maturing April 24, 2015     335,631    
EUR 272,949     Term Loan, 7.09%, Maturing April 24, 2015     403,479    
EUR 227,051     Term Loan, 7.21%, Maturing April 16, 2016     335,631    
EUR 272,949     Term Loan, 7.21%, Maturing April 24, 2016     403,479    
Cardinal Health 409, Inc.      
  1,000,000     Term Loan, Maturing April 10, 2014(2)     860,000    
  3,257,938     Term Loan, 4.95%, Maturing April 10, 2014     2,940,209    
Carestream Health, Inc.      
  2,859,924     Term Loan, 5.47%, Maturing April 30, 2013     2,438,085    
  1,000,000     Term Loan, 8.13%, Maturing October 30, 2013     710,000    
Carl Zeiss Vision Holding GmbH      
  1,300,000     Term Loan, 5.14%, Maturing March 23, 2015     981,500    
Community Health Systems, Inc.      
  385,151     Term Loan, 0.00%, Maturing July 25, 2014(3)     369,523    
  7,528,298     Term Loan, 5.34%, Maturing July 25, 2014     7,222,822    

 

Principal
Amount*
  Borrower/Tranche Description   Value  
Healthcare (continued)      
Concentra, Inc.      
  600,000     Term Loan, 8.20%, Maturing June 25, 2015   $ 402,000    
ConMed Corp.      
  477,889     Term Loan, 4.39%, Maturing April 13, 2013     458,773    
CRC Health Corp.      
  492,500     Term Loan, 4.92%, Maturing February 6, 2013     450,638    
  490,038     Term Loan, 4.92%, Maturing February 6, 2013     448,384    
Dako EQT Project Delphi      
  500,000     Term Loan, 6.44%, Maturing December 12, 2016     404,300    
DaVita, Inc.      
  4,047,997     Term Loan, 4.23%, Maturing October 5, 2012     3,883,778    
DJO Finance, LLC      
  798,000     Term Loan, 5.70%, Maturing May 15, 2014     779,048    
Fenwal, Inc.      
  500,000     Term Loan, 8.34%, Maturing August 28, 2014     370,000    
Fresenius Medical Care Holdings      
  2,497,924     Term Loan, 4.07%, Maturing March 31, 2013     2,420,253    
Hanger Orthopedic Group, Inc.      
  712,159     Term Loan, 4.87%, Maturing May 30, 2013     673,881    
HCA, Inc.      
  500,000     Term Loan, Maturing November 18, 2013(2)     475,625    
  6,690,313     Term Loan, 4.95%, Maturing November 18, 2013     6,364,505    
Health Management Association, Inc.      
  6,437,646     Term Loan, 4.45%, Maturing February 28, 2014     5,957,121    
HealthSouth Corp.      
  1,565,524     Term Loan, 5.23%, Maturing March 10, 2013     1,489,694    
Iasis Healthcare, LLC      
  292,130     Term Loan, 4.86%, Maturing March 14, 2014     279,958    
  846,419     Term Loan, 4.88%, Maturing March 14, 2014     811,151    
  77,901     Term Loan, 4.88%, Maturing March 14, 2014     74,656    
Ikaria Acquisition, Inc.      
  533,899     Term Loan, 4.95%, Maturing March 28, 2013     504,535    
IM U.S. Holdings, LLC      
  997,487     Term Loan, 4.67%, Maturing June 26, 2014     926,001    
  625,000     Term Loan, 6.92%, Maturing June 26, 2015     564,063    
Invacare Corp.      
  729,288     Term Loan, 5.14%, Maturing February 12, 2013     680,061    
Leiner Health Products, Inc.      
  400,481     Term Loan, 0.00%, Maturing September 10, 2008(3)     394,474    
  819,588     Term Loan, 0.00%, Maturing September 10, 2008(3)     807,294    
  960,175     Term Loan, 8.75%, Maturing May 27, 2011(10)     435,919    
LifeCare Holdings, Inc.      
  853,125     Term Loan, 6.95%, Maturing August 11, 2012     737,953    

 

See notes to financial statements
11



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount*
  Borrower/Tranche Description   Value  
Healthcare (continued)      
LifePoint Hospitals, Inc.      
  2,063,187     Term Loan, 4.71%, Maturing April 15, 2012   $ 1,985,817    
Matria Healthcare, Inc.      
  994,333     Term Loan, 4.70%, Maturing January 19, 2012     969,475    
  160,798     Term Loan, 4.88%, Maturing January 19, 2012     156,778    
MultiPlan Merger Corp.      
  1,648,397     Term Loan, 5.38%, Maturing April 12, 2013     1,557,221    
  1,174,425     Term Loan, 5.38%, Maturing April 12, 2013     1,109,465    
Mylan, Inc.      
  598,500     Term Loan, 6.03%, Maturing October 2, 2014     588,109    
National Mentor Holdings, Inc.      
  61,600     Term Loan, 5.16%, Maturing June 29, 2013     52,976    
  1,020,228     Term Loan, 4.70%, Maturing June 29, 2013     877,396    
National Rental Institutes, Inc.      
  817,415     Term Loan, 5.00%, Maturing March 31, 2013     717,282    
Nyco Holdings      
EUR 984,850     Term Loan, 6.98%, Maturing December 29, 2014     1,301,612    
EUR 984,850     Term Loan, 7.73%, Maturing December 29, 2015     1,301,612    
Physiotherapy Associates, Inc.      
  824,736     Term Loan, 6.48%, Maturing June 27, 2013     701,026    
RadNet Management, Inc.      
  543,127     Term Loan, 7.26%, Maturing November 15, 2012     518,686    
ReAble Therapeutics Finance, LLC      
  2,606,829     Term Loan, 4.70%, Maturing November 16, 2013     2,461,824    
Renal Advantage, Inc.      
  323,576     Term Loan, 5.26%, Maturing October 5, 2012     303,353    
Select Medical Holding Corp.      
  2,123,487     Term Loan, 5.06%, Maturing February 24, 2012     1,945,114    
Sunrise Medical Holdings, Inc.      
  675,653     Term Loan, 7.09%, Maturing May 13, 2010     557,414    
Vanguard Health Holding Co., LLC      
  2,165,840     Term Loan, 5.13%, Maturing September 23, 2011     2,091,839    
Viant Holdings, Inc.      
  521,063     Term Loan, 4.95%, Maturing June 25, 2014     442,903    
            $ 79,201,012    
Home Furnishings — 1.8%      
Hunter Fan Co.      
  462,752     Term Loan, 5.57%, Maturing April 16, 2014   $ 373,672    
Interline Brands, Inc.      
  985,704     Term Loan, 4.61%, Maturing June 23, 2013     931,490    
  681,060     Term Loan, 4.61%, Maturing June 23, 2013     643,601    
National Bedding Co., LLC      
  1,491,225     Term Loan, 4.74%, Maturing August 31, 2011     1,200,436    
  1,050,000     Term Loan, 7.70%, Maturing August 31, 2012     745,500    

 

Principal
Amount*
  Borrower/Tranche Description   Value  
Home Furnishings (continued)      
Sealy Mattress Co.      
  2,925,000     Term Loan, 4.27%, Maturing August 25, 2011   $ 2,588,625    
Simmons Co.      
  2,799,380     Term Loan, 5.61%, Maturing December 19, 2011     2,519,442    
  1,000,000     Term Loan, 8.20%, Maturing February 15, 2012     655,000    
            $ 9,657,766    
Industrial Equipment — 3.8%      
Brand Energy & Infrastructure Services, Inc.      
  792,480     Term Loan, 6.02%, Maturing February 7, 2014   $ 715,213    
CEVA Group PLC U.S.      
  833,485     Term Loan, 5.70%, Maturing January 4, 2014     756,388    
  2,065,632     Term Loan, 5.72%, Maturing January 4, 2014     1,895,217    
  2,270,595     Term Loan, 5.86%, Maturing January 4, 2014     2,083,271    
EPD Holdings (Goodyear Engineering Products)      
  148,066     Term Loan, 5.37%, Maturing July 13, 2014     122,710    
  1,033,867     Term loan, 5.40%, Maturing July 13, 2014     856,817    
  775,000     Term Loan, 8.65%, Maturing July 13, 2015     496,000    
Flowserve Corp.      
  1,985,018     Term Loan, 4.25%, Maturing August 10, 2012     1,890,730    
FR Brand Acquisition Corp.      
  739,217     Term Loan, 5.01%, Maturing February 7, 2014     656,055    
Generac Acquisition Corp.      
  1,762,302     Term Loan, 5.18%, Maturing November 7, 2013     1,429,227    
  500,000     Term Loan, 8.68%, Maturing April 7, 2014     351,500    
Gleason Corp.      
  568,403     Term Loan, 4.65%, Maturing June 30, 2013     528,615    
  138,408     Term Loan, 4.65%, Maturing June 30, 2013     128,720    
Itron, Inc.      
EUR 342,269     Term Loan, 6.74%, Maturing April 18, 2014     478,258    
Jason, Inc.      
  439,431     Term Loan, 5.22%, Maturing April 30, 2010     388,897    
John Maneely Co.      
  2,829,618     Term Loan, 6.03%, Maturing December 8, 2013     2,555,750    
KION Group GmbH      
  250,000     Term Loan, 6.75%, Maturing December 23, 2014     233,125    
  250,000     Term Loan, 7.25%, Maturing December 23, 2015     233,125    
Polypore, Inc.      
  3,002,313     Term Loan, 5.11%, Maturing July 3, 2014     2,867,208    
Sequa Corp.      
  997,500     Term Loan, 5.95%, Maturing November 30, 2014     957,600    
TFS Acquisition Corp.      
  689,500     Term Loan, 6.20%, Maturing August 11, 2013     641,235    
            $ 20,265,661    

 

See notes to financial statements
12



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount*
  Borrower/Tranche Description   Value  
Insurance — 2.6%      
Alliant Holdings I, Inc.      
  970,125     Term Loan, 5.70%, Maturing August 21, 2014   $ 911,918    
AmWINS Group, Inc.      
  1,000,000     Term Loan, 5.43%, Maturing June 8, 2013     785,000    
  500,000     Term Loan, 8.23%, Maturing June 8, 2014     268,750    
Applied Systems, Inc.      
  1,287,409     Term Loan, 5.40%, Maturing September 26, 2013     1,197,290    
CCC Information Services Group, Inc.      
  1,578,926     Term Loan, 4.91%, Maturing February 10, 2013     1,531,558    
Conseco, Inc.      
  3,477,753     Term Loan, 4.86%, Maturing October 10, 2013     2,666,279    
Crawford & Company      
  1,229,000     Term Loan, 5.45%, Maturing October 31, 2013     1,146,043    
Crump Group, Inc.      
  1,013,058     Term Loan, 5.70%, Maturing August 4, 2014     932,014    
Hub International Holdings, Inc.      
  606,670     Term Loan, 4.40%, Maturing June 13, 2014(3)     546,762    
  2,701,217     Term Loan, 5.20%, Maturing June 13, 2014     2,434,472    
U.S.I. Holdings Corp.      
  1,836,125     Term Loan, 5.45%, Maturing May 4, 2014     1,725,958    
            $ 14,146,044    
Leisure Goods / Activities / Movies — 10.2%      
    24 Hour Fitness Worldwide, Inc.  
  1,641,500     Term Loan, 5.93%, Maturing June 8, 2012   $ 1,469,143    
AMC Entertainment, Inc.      
  2,832,813     Term Loan, 4.64%, Maturing January 26, 2013     2,682,067    
AMF Bowling Worldwide, Inc.      
  1,000,000     Term Loan, 9.24%, Maturing December 8, 2013     775,000    
Bombardier Recreational Products      
  1,822,785     Term Loan, 5.32%, Maturing June 28, 2013     1,619,240    
Butterfly Wendel US, Inc.      
  295,675     Term Loan, 7.65%, Maturing June 22, 2013     262,658    
  295,675     Term Loan, 7.40%, Maturing June 22, 2014     262,165    
Carmike Cinemas, Inc.      
  891,045     Term Loan, 6.49%, Maturing May 19, 2012     846,493    
  997,436     Term Loan, 6.60%, Maturing May 19, 2012     947,564    
Cedar Fair, L.P.      
  3,984,062     Term Loan, 4.86%, Maturing August 30, 2012     3,799,246    
Cinemark, Inc.      
  4,557,615     Term Loan, 4.66%, Maturing October 5, 2013     4,356,437    

 

Principal
Amount*
  Borrower/Tranche Description   Value  
Leisure Goods / Activities / Movies (continued)      
Deluxe Entertainment Services      
  59,055     Term Loan, 4.95%, Maturing January 28, 2011   $ 51,673    
  112,305     Term Loan, 4.95%, Maturing January 28, 2011     98,267    
  1,198,718     Term Loan, 5.04%, Maturing January 28, 2011     1,048,879    
Easton-Bell Sports, Inc.      
  1,279,554     Term Loan, 4.65%, Maturing March 16, 2012     1,129,207    
Fender Musical Instruments Corp.      
  335,563     Term Loan, 6.97%, Maturing June 9, 2014     278,517    
  662,768     Term Loan, 7.16%, Maturing June 9, 2014     550,097    
HEI Acquisition, LLC      
  1,925,000     Term Loan, 6.91%, Maturing April 13, 2014     1,636,250    
Mega Blocks, Inc.      
  1,604,625     Term Loan, 8.25%, Maturing July 26, 2012     1,410,064    
Metro-Goldwyn-Mayer Holdings, Inc.      
  7,896,294     Term Loan, 5.95%, Maturing April 8, 2012     6,344,183    
National CineMedia, LLC      
  2,750,000     Term Loan, 4.62%, Maturing February 13, 2015     2,563,393    
Regal Cinemas Corp.      
  3,989,251     Term Loan, 4.20%, Maturing November 10, 2010     3,797,268    
Revolution Studios Distribution Co., LLC      
  1,142,135     Term Loan, 6.62%, Maturing December 21, 2014     1,056,475    
  800,000     Term Loan, 9.87%, Maturing June 21, 2015     616,000    
Six Flags Theme Parks, Inc.      
  3,126,375     Term Loan, 5.20%, Maturing April 30, 2015     2,793,222    
Southwest Sports Group, LLC      
  1,875,000     Term Loan, 5.44%, Maturing December 22, 2010     1,650,000    
Universal City Development Partners, Ltd.      
  1,721,345     Term Loan, 4.63%, Maturing June 9, 2011     1,680,464    
WMG Acquisition Corp.      
  875,000     Revolving Loan, 0.00%, Maturing February 28, 2010(3)     783,125    
  9,663,595     Term Loan, 4.98%, Maturing February 28, 2011     8,932,786    
Zuffa, LLC      
  1,365,337     Term Loan, 4.88%, Maturing June 20, 2016     921,603    
            $ 54,361,486    
Lodging and Casinos — 4.4%      
Ameristar Casinos, Inc.      
  1,075,250     Term Loan, 5.02%, Maturing November 10, 2012   $ 1,040,304    
Bally Technologies, Inc.      
  4,577,041     Term Loan, 7.36%, Maturing September 5, 2009     4,499,804    
CCM Merger, Inc.      
  920,343     Term Loan, 4.78%, Maturing April 25, 2012     865,122    

 

See notes to financial statements
13



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount*
  Borrower/Tranche Description   Value  
Lodging and Casinos (continued)      
Isle of Capri Casinos, Inc.      
  1,328,198     Term Loan, 4.45%, Maturing November 30, 2013   $ 1,175,455    
  400,467     Term Loan, 4.45%, Maturing November 30, 2013     354,414    
  531,279     Term Loan, 4.45%, Maturing November 30, 2013     470,182    
LodgeNet Entertainment Corp.      
  2,311,275     Term Loan, 4.70%, Maturing April 4, 2014     2,045,478    
New World Gaming Partners, Ltd.      
  1,018,281     Term Loan, 5.19%, Maturing June 30, 2014     868,085    
  204,167     Term Loan, 5.19%, Maturing June 30, 2014     174,052    
Penn National Gaming, Inc.      
  6,405,750     Term Loan, 4.93%, Maturing October 3, 2012     6,210,016    
Venetian Casino Resort/Las Vegas Sands Inc.      
  865,000     Term Loan, 0.00%, Maturing May 14, 2014(3)     796,488    
  3,434,050     Term Loan, 4.45%, Maturing May 23, 2014     3,162,056    
Wimar OpCo, LLC      
  1,883,308     Term Loan, 8.50%, Maturing January 3, 2012     1,816,804    
            $ 23,478,260    
Nonferrous Metals / Minerals — 2.4%      
Alpha Natural Resources, LLC      
  815,937     Term Loan, 4.42%, Maturing October 26, 2012   $ 797,579    
Euramax International, Inc.      
  580,533     Term Loan, 8.00%, Maturing June 28, 2012     487,067    
  501,316     Term Loan, 10.98%, Maturing June 28, 2013     351,548    
  248,684     Term Loan, 10.98%, Maturing June 28, 2013     174,390    
Magnum Coal Co.      
  186,364     Term Loan, 9.75%, Maturing March 15, 2013     185,199    
  1,080,909     Term Loan, 9.75%, Maturing March 15, 2013     1,074,153    
Murray Energy Corp.      
  902,100     Term Loan, 7.91%, Maturing January 28, 2010     856,995    
Neo Material Technologies, Inc.      
  818,630     Term Loan, 6.62%, Maturing August 31, 2009     806,351    
Noranda Aluminum Acquisition      
  2,230,769     Term Loan, 5.07%, Maturing May 18, 2014     2,119,230    
Novelis, Inc.      
  628,066     Term Loan, 4.70%, Maturing June 28, 2014     598,233    
  1,381,746     Term Loan, 4.70%, Maturing June 28, 2014     1,316,113    
Oxbow Carbon and Mineral Holdings      
  273,862     Term Loan, 4.86%, Maturing May 8, 2014     248,416    
  3,059,083     Term Loan, 4.88%, Maturing May 8, 2014     2,774,842    
Thompson Creek Metals Co.      
  1,048,782     Term Loan, 7.48%, Maturing October 26, 2012     1,038,294    
            $ 12,828,410    

 

Principal
Amount*
  Borrower/Tranche Description   Value  
Oil and Gas — 2.5%      
Atlas Pipeline Partners, L.P.      
  1,500,000     Term Loan, 5.62%, Maturing July 20, 2014   $ 1,465,625    
Big West Oil, LLC      
  398,750     Term Loan, 4.97%, Maturing May 1, 2014(3)     375,323    
  320,813     Term Loan, 5.00%, Maturing May 1, 2014     301,965    
Concho Resources, Inc.      
  359,497     Term Loan, 7.15%, Maturing March 27, 2012     357,250    
Dresser, Inc.      
  1,448,620     Term Loan, 5.31%, Maturing May 4, 2014     1,400,333    
  1,000,000     Term Loan, 8.82%, Maturing May 4, 2015     927,500    
Dynegy Holdings, Inc.      
  2,772,266     Term Loan, 4.36%, Maturing April 2, 2013     2,617,483    
  227,163     Term Loan, 4.36%, Maturing April 2, 2013     214,480    
Enterprise GP Holdings, L.P.      
  1,125,000     Term Loan, 4.96%, Maturing October 31, 2014     1,106,719    
Niska Gas Storage      
  51,468     Term Loan, 4.55%, Maturing May 13, 2011     49,409    
  97,401     Term Loan, 4.59%, Maturing May 13, 2011     93,667    
  65,979     Term Loan, 4.60%, Maturing May 13, 2011     63,339    
  602,577     Term Loan, 4.53%, Maturing May 12, 2013     579,479    
Primary Natural Resources, Inc.      
  1,519,000     Term Loan, 5.00%, Maturing July 28, 2010     1,440,923    
Targa Resources, Inc.      
  1,365,968     Term Loan, 4.57%, Maturing October 31, 2012     1,314,061    
  967,009     Term Loan, 6.83%, Maturing October 31, 2012     930,263    
            $ 13,237,819    
Publishing — 11.0%      
American Media Operations, Inc.      
  4,275,000     Term Loan, 7.25%, Maturing January 31, 2013   $ 3,916,969    
Aster Zweite Beteiligungs GmbH      
  775,000     Term Loan, 4.88%, Maturing September 27, 2013     674,250    
CanWest MediaWorks, Ltd.      
  794,000     Term Loan, 5.09%, Maturing July 10, 2014     762,240    
Dex Media West, LLC      
  2,418,970     Term Loan, 4.48%, Maturing March 9, 2010     2,363,334    
GateHouse Media Operating, Inc.      
  871,739     Term Loan, 4.75%, Maturing August 28, 2014     591,148    
  2,078,261     Term Loan, 5.09%, Maturing August 28, 2014     1,409,321    
  675,000     Term Loan, 5.25%, Maturing August 28, 2014     464,063    
Idearc, Inc.      
  10,373,987     Term Loan, 4.71%, Maturing November 17, 2014     8,584,474    

 

See notes to financial statements
14



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount*
  Borrower/Tranche Description   Value  
Publishing (continued)      
Laureate Education, Inc.      
  351,599     Term Loan, 0.00%, Maturing August 17, 2014(3)   $ 325,581    
  2,361,425     Term Loan, 5.97%, Maturing August 17, 2014     2,186,679    
Local Insight Regatta Holdings, Inc.      
  1,700,000     Term Loan, 7.75%, Maturing April 23, 2015     1,569,313    
MediaNews Group, Inc.      
  957,938     Term Loan, 5.13%, Maturing August 2, 2013     704,084    
Mediannuaire Holding      
EUR 500,000     Term Loan, 8.61%, Maturing April 10, 2016     638,573    
Merrill Communications, LLC      
  1,284,129     Term Loan, 4.95%, Maturing February 9, 2009     1,117,192    
  1,000,000     Term Loan, 9.52%, Maturing November 15, 2013     842,500    
Nebraska Book Co., Inc.      
  1,391,243     Term Loan, 5.13%, Maturing March 4, 2011     1,279,944    
Nelson Education, Ltd.      
  497,500     Term Loan, 5.20%, Maturing July 5, 2014     440,288    
Nielsen Finance, LLC      
  6,821,155     Term Loan, 5.10%, Maturing August 9, 2013     6,468,727    
Philadelphia Newspapers, LLC      
  709,883     Term Loan, 6.60%, Maturing June 29, 2013     606,950    
R.H. Donnelley Corp.      
  2,884,769     Term Loan, 4.41%, Maturing June 30, 2010     2,740,981    
Reader's Digest Association, Inc. (The)      
  3,267,000     Term Loan, 4.94%, Maturing March 2, 2014     2,750,814    
SGS International, Inc.      
  684,250     Term Loan, 6.91%, Maturing December 30, 2011     632,931    
Source Media, Inc.      
  1,618,326     Term Loan, 4.95%, Maturing November 8, 2011     1,480,769    
TL Acquisitions, Inc.      
  1,915,375     Term Loan, 5.34%, Maturing July 5, 2014     1,780,500    
Trader Media Corp.      
GBP 2,334,000     Term Loan, 8.00%, Maturing March 23, 2015     3,840,612    
Tribune Co.      
  1,866,667     Term Loan, 5.48%, Maturing May 17, 2009     1,780,333    
  3,945,188     Term Loan, 5.54%, Maturing May 17, 2014     2,934,233    
Xsys US, Inc.      
  1,872,229     Term Loan, 4.88%, Maturing September 27, 2013     1,628,840    
  1,896,271     Term Loan, 4.88%, Maturing September 27, 2014     1,652,917    
Yell Group, PLC      
  2,600,000     Term Loan, 4.86%, Maturing February 10, 2013     2,313,535    
            $ 58,482,095    

 

Principal
Amount*
  Borrower/Tranche Description   Value  
Radio and Television — 6.8%      
Block Communications, Inc.      
  830,875     Term Loan, 4.70%, Maturing December 22, 2011   $ 789,331    
Citadel Broadcasting Corp.      
  1,000,000     Term Loan, 4.39%, Maturing June 12, 2014     862,500    
CMP KC, LLC      
  971,188     Term Loan, 6.75%, Maturing May 5, 2013     752,671    
CMP Susquehanna Corp.      
  1,325,500     Term Loan, 4.85%, Maturing May 5, 2013     1,038,308    
Discovery Communications, Inc.      
  1,406,813     Term Loan, 4.70%, Maturing April 30, 2014     1,365,928    
Emmis Operating Co.      
  795,433     Term Loan, 4.67%, Maturing November 2, 2013     692,822    
Entravision Communications Corp.      
  1,245,500     Term Loan, 4.20%, Maturing September 29, 2013     1,111,609    
Gray Television, Inc.      
  1,259,094     Term Loan, 4.19%, Maturing January 19, 2015     1,098,560    
HIT Entertainment, Inc.      
  750,335     Term Loan, 5.07%, Maturing March 20, 2012     679,053    
NEP II, Inc.      
  618,746     Term Loan, 4.95%, Maturing February 16, 2014     561,770    
Nexstar Broadcasting, Inc.      
  1,785,803     Term Loan, 4.45%, Maturing October 1, 2012     1,642,939    
  1,690,591     Term Loan, 4.65%, Maturing October 1, 2012     1,555,344    
NextMedia Operating, Inc.      
  106,894     Term Loan, 6.72%, Maturing November 15, 2012     95,136    
  240,515     Term Loan, 6.80%, Maturing November 15, 2012     214,058    
PanAmSat Corp.      
  2,144,700     Term Loan, 5.18%, Maturing January 3, 2014     2,038,136    
  2,144,056     Term Loan, 5.18%, Maturing January 3, 2014     2,037,524    
  2,144,056     Term Loan, 5.18%, Maturing January 3, 2014     2,037,524    
Paxson Communications Corp.      
  2,500,000     Term Loan, 5.96%, Maturing January 15, 2012     2,000,000    
Raycom TV Broadcasting, LLC      
  875,000     Term Loan, 4.44%, Maturing June 25, 2014     822,500    
SFX Entertainment      
  1,142,062     Term Loan, 5.45%, Maturing June 21, 2013     1,050,697    
Sirius Satellite Radio, Inc.      
  497,500     Term Loan, 5.13%, Maturing December 19, 2012     430,338    
Tyrol Acquisition 2 SAS      
EUR 800,000     Term Loan, 6.39%, Maturing January 19, 2015     1,054,729    
EUR 800,000     Term Loan, 6.65%, Maturing January 19, 2016     1,054,729    
Univision Communications, Inc.      
  1,000,000     Term Loan, Maturing March 29, 2009(2)     960,000    
  2,750,000     Term Loan, 5.36%, Maturing March 29, 2009     2,646,251    
  7,625,000     Term Loan, 5.15%, Maturing September 29, 2014     6,440,746    

 

See notes to financial statements
15



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount*
  Borrower/Tranche Description   Value  
Radio and Television (continued)      
Young Broadcasting, Inc.      
  980,000     Term Loan, 5.25%, Maturing November 3, 2012   $ 885,675    
  714,788     Term Loan, 5.36%, Maturing November 3, 2012     645,989    
            $ 36,564,867    
Rail Industries — 0.6%      
Kansas City Southern Railway Co.      
  1,989,562     Term Loan, 4.99%, Maturing April 26, 2013   $ 1,922,415    
RailAmerica, Inc.      
  1,550,000     Term Loan, 5.32%, Maturing August 14, 2008     1,511,250    
            $ 3,433,665    
Retailers (Except Food and Drug) — 3.3%      
American Achievement Corp.      
  341,791     Term Loan, 4.98%, Maturing March 25, 2011   $ 316,157    
Amscan Holdings, Inc.      
  495,000     Term Loan, 5.16%, Maturing May 25, 2013     423,225    
Claire's Stores, Inc.      
  347,375     Term Loan, 5.56%, Maturing May 24, 2014     277,792    
Cumberland Farms, Inc.      
  1,543,345     Term Loan, 4.86%, Maturing September 29, 2013     1,450,745    
Educate, Inc.      
  500,000     Term Loan, 7.95%, Maturing June 14, 2014     412,500    
Harbor Freight Tools USA, Inc.      
  643,267     Term Loan, 5.15%, Maturing July 15, 2010     563,663    
Josten's Corp.      
  1,509,741     Term Loan, 6.72%, Maturing October 4, 2011     1,454,384    
Mapco Express, Inc.      
  501,025     Term Loan, 5.62%, Maturing April 28, 2011     473,469    
Neiman Marcus Group, Inc.      
  802,215     Term Loan, 4.76%, Maturing April 5, 2013     767,954    
Orbitz Worldwide, Inc.      
  1,174,100     Term Loan, 5.79%, Maturing July 25, 2014     1,009,726    
Oriental Trading Co., Inc.      
  1,125,000     Term Loan, 8.87%, Maturing January 31, 2013     843,750    
  2,580,881     Term Loan, 5.23%, Maturing July 31, 2013     2,090,514    
Rent-A-Center, Inc.      
  960,669     Term Loan, 4.92%, Maturing November 15, 2012     904,230    
Rover Acquisition Corp.      
  2,221,875     Term Loan, 5.03%, Maturing October 26, 2013     2,023,017    
Savers, Inc.      
  337,500     Term Loan, 5.48%, Maturing August 11, 2012     317,250    
  368,271     Term Loan, 5.49%, Maturing August 11, 2012     346,175    

 

Principal
Amount*
  Borrower/Tranche Description   Value  
Retailers (Except Food and Drug) (continued)      
The Yankee Candle Company, Inc.      
  2,200,250     Term Loan, 4.61%, Maturing February 6, 2014   $ 2,008,828    
Vivarte      
EUR 750,000     Term Loan, 6.35%, Maturing May 29, 2015     923,790    
EUR 750,000     Term Loan, 6.85%, Maturing May 29, 2016     924,321    
            $ 17,531,490    
Steel — 0.5%      
Algoma Acquisition Corp.      
  1,046,089     Term Loan, 7.33%, Maturing June 20, 2013   $ 970,248    
Niagara Corp.      
  2,014,800     Term Loan, 7.86%, Maturing June 29, 2014     1,672,284    
            $ 2,642,532    
Surface Transport — 0.5%      
Gainey Corp.      
  1,212,597     Term Loan, 9.82%, Maturing April 20, 2012   $ 585,078    
Oshkosh Truck Corp.      
  925,625     Term Loan, 4.76%, Maturing December 6, 2013     888,857    
Ozburn-Hessey Holding Co., LLC      
  487,613     Term Loan, 6.16%, Maturing August 9, 2012     443,728    
Swift Transportation Co., Inc.      
  805,814     Term Loan, 6.50%, Maturing May 10, 2014     600,499    
            $ 2,518,162    
Telecommunications — 5.9%      
Alaska Communications Systems Holdings, Inc.      
  985,347     Term Loan, 4.45%, Maturing February 1, 2012   $ 935,025    
Alltell Communication      
  1,496,241     Term Loan, 5.55%, Maturing May 16, 2014     1,377,892    
  2,000,000     Term Loan, Maturing May 16, 2015(2)     1,832,500    
  1,144,250     Term Loan, 5.47%, Maturing May 16, 2015     1,063,049    
Asurion Corp.      
  1,900,000     Term Loan, 6.10%, Maturing July 13, 2012     1,758,292    
  1,000,000     Term Loan, 9.39%, Maturing January 13, 2013     898,750    
Centennial Cellular Operating Co., LLC      
  4,445,833     Term Loan, 4.72%, Maturing February 9, 2011     4,345,802    
CommScope, Inc.      
  1,138,883     Term Loan, 5.19%, Maturing November 19, 2014     1,089,057    
FairPoint Communications, Inc.      
  1,000,000     Term Loan, Maturing March 31, 2015(2)     887,500    
  3,425,000     Term Loan, 5.63%, Maturing March 31, 2015     3,040,608    
Intelsat Bermuda, Ltd.      
  1,075,000     Term Loan, 5.20%, Maturing February 1, 2014     1,074,194    

 

See notes to financial statements
16



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount*
  Borrower/Tranche Description   Value  
Telecommunications (continued)      
Intelsat Subsidiary Holding Co.      
  960,375     Term Loan, 5.18%, Maturing July 3, 2013   $ 920,039    
Iowa Telecommunications Services      
  2,616,000     Term Loan, 4.44%, Maturing November 23, 2011     2,553,870    
IPC Systems, Inc.      
  1,091,750     Term Loan, 4.95%, Maturing May 31, 2014     834,279    
  500,000     Term Loan, 7.95%, Maturing May 31, 2015     350,834    
Macquarie UK Broadcast Ventures, Ltd.      
GBP 775,000     Term Loan, 7.95%, Maturing December 26, 2014     1,335,386    
NTelos, Inc.      
  1,168,801     Term Loan, 5.27%, Maturing August 24, 2011     1,144,694    
Palm, Inc.      
  771,125     Term Loan, 6.39%, Maturing April 24, 2014     560,993    
Stratos Global Corp.      
  987,000     Term Loan, 5.44%, Maturing February 13, 2012     938,267    
Telesat Canada, Inc.      
  51,523     Term Loan, 5.89%, Maturing October 22, 2014(3)     48,782    
  601,417     Term Loan, 5.90%, Maturing October 22, 2014     569,420    
Trilogy International Partners      
  850,000     Term Loan, 6.20%, Maturing June 29, 2012     726,750    
Windstream Corp.      
  3,066,732     Term Loan, 4.22%, Maturing July 17, 2013     2,999,374    
            $ 31,285,357    
Utilities — 3.6%      
AEI Finance Holding, LLC      
  269,751     Revolving Loan, 5.70%, Maturing March 30, 2012   $ 238,730    
  1,989,275     Term Loan, 5.69%, Maturing March 30, 2014     1,760,509    
Astoria Generating Co.      
  1,000,000     Term Loan, 6.35%, Maturing August 23, 2013     925,000    
BRSP, LLC      
  1,775,173     Term Loan, 7.91%, Maturing July 13, 2009     1,650,911    
Calpine Corp.      
  841,516     DIP Loan, 5.58%, Maturing March 30, 2009     793,204    
Covanta Energy Corp.      
  569,072     Term Loan, 4.09%, Maturing February 9, 2014     544,649    
  1,144,369     Term Loan, 5.08%, Maturing February 9, 2014     1,095,256    
Electricinvest Holding Co.      
EUR 476,616     Term Loan, 8.50%, Maturing October 24, 2012     654,235    
GBP 480,000     Term Loan, 9.63%, Maturing October 24, 2012     837,376    
LS Power Acquisition Co.      
  580,904     Term Loan, 6.45%, Maturing November 1, 2014     575,822    
Mirant North America, LLC      
  658,100     Term Loan, 4.61%, Maturing January 3, 2013     641,882    

 

Principal
Amount*
  Borrower/Tranche Description   Value  
Utilities (continued)      
NRG Energy, Inc.      
  2,093,940     Term Loan, 4.20%, Maturing June 1, 2014   $ 2,013,585    
  4,287,047     Term Loan, 4.20%, Maturing June 1, 2014     4,122,531    
Pike Electric, Inc.      
  146,240     Term Loan, 4.25%, Maturing July 1, 2012     139,294    
  339,771     Term Loan, 4.44%, Maturing December 10, 2012     323,632    
TXU Texas Competitive Electric Holdings Co., LLC      
  1,500,000     Term Loan, Maturing October 10, 2014(2)     1,439,063    
  845,750     Term Loan, 6.58%, Maturing October 10, 2014     811,391    
  845,750     Term Loan, 6.58%, Maturing October 10, 2014     810,810    
            $ 19,377,880    
Total Senior Floating-Rate Interests
(identified cost $911,472,560)
  $ 840,342,189    
Corporate Bonds & Notes — 11.8%      
Principal
Amount
(000's omitted)
  Security   Value  
Aerospace and Defense — 0.1%      
Alion Science and Technologies, Corp.      
  145     10.25%, 2/1/15   $ 92,981    
DRS Technologies, Inc., Sr. Sub. Notes      
  80     7.625%, 2/1/18     82,000    
Hawker Beechcraft Acquisition      
  120     9.75%, 4/1/17     127,200    
Vought Aircraft Industries, Inc., Sr. Notes      
  55     8.00%, 7/15/11     52,525    
            $ 354,706    
Air Transport — 0.0%      
Continental Airlines      
  212     7.033%, 6/15/11   $ 193,832    
            $ 193,832    
Automotive — 0.2%      
Allison Transmission, Inc.      
  165     11.00%, 11/1/15(5)   $ 162,937    
Altra Industrial Motion, Inc.      
  225     9.00%, 12/1/11     223,875    
  110     9.00%, 12/1/11     109,450    

 

See notes to financial statements
17



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount
(000's omitted)
  Security   Value  
Automotive (continued)      
American Axle & Manufacturing, Inc.      
  135     7.875%, 3/1/17   $ 121,500    
Commercial Vehicle Group, Inc., Sr. Notes      
  100     8.00%, 7/1/13     86,250    
Tenneco, Inc., Sr. Notes      
  55     8.125%, 11/15/15(5)     56,650    
            $ 760,662    
Broadcast Radio and Television — 0.0%      
Warner Music Group, Sr. Sub. Notes      
  85     7.375%, 4/15/14   $ 70,975    
            $ 70,975    
Brokers / Dealers / Investment Houses — 0.0%      
Nuveen Investments, Inc.      
  30     5.00%, 9/15/10   $ 26,475    
Nuveen Investments, Inc., Sr. Notes      
  180     10.50%, 11/15/15(5)     174,150    
            $ 200,625    
Building and Development — 0.7%      
Grohe Holding GMBH, Variable Rate      
EUR 2,000     7.622%, 1/15/14(8)   $ 2,841,342    
Interface, Inc.      
  500     10.375%, 2/1/10     526,250    
Nortek, Inc., Sr. Sub. Notes      
  150     8.50%, 9/1/14     110,625    
Panolam Industries International, Sr. Sub. Notes      
  425     10.75%, 10/1/13     342,125    
Stanley Martin Co.      
  80     9.75%, 8/15/15     39,600    
            $ 3,859,942    
Business Equipment and Services — 0.7%      
Affinion Group, Inc.      
  95     10.125%, 10/15/13   $ 96,425    
  205     11.50%, 10/15/15     202,181    
Ceridian Corp., Sr. Notes      
  350     11.25%, 11/15/15(5)     330,312    
Education Management, LLC, Sr. Notes      
  415     8.75%, 6/1/14     371,425    

 

Principal
Amount
(000's omitted)
  Security   Value  
Business Equipment and Services (continued)      
Education Management, LLC, Sr. Sub. Notes      
  595     10.25%, 6/1/16   $ 502,775    
KAR Holdings, Inc., Sr. Notes      
  20     8.75%, 5/1/14     19,300    
KAR Holdings, Inc., Sr. Sub. Notes, Variable Rate      
  130     7.239%, 5/1/14     118,137    
MediMedia USA, Inc., Sr. Sub. Notes      
  170     11.375%, 11/15/14(5)     174,250    
Neff Corp., Sr. Notes      
  40     10.00%, 6/1/15     19,800    
Norcross Safety Products, LLC/Norcross Capital Corp.,
Sr. Sub. Notes, Series B
     
  15     9.875%, 8/15/11     15,797    
Rental Service Corp.      
  340     9.50%, 12/1/14     306,000    
Safety Products Holdings, Inc. Sr. Notes (PIK)      
  481     11.75%, 1/1/12     501,141    
SunGard Data Systems, Inc.      
  85     9.125%, 8/15/13     89,250    
Travelport, LLC      
  475     9.875%, 9/1/14     461,344    
  70     11.875%, 9/1/16     64,400    
United Rentals North America, Inc.      
  20     6.50%, 2/15/12     18,850    
West Corp.      
  545     9.50%, 10/15/14     523,200    
            $ 3,814,587    
Cable and Satellite Television — 0.3%      
Cablevision Systems Corp., Sr. Notes, Series B      
  75     8.00%, 4/15/12   $ 75,000    
CCO Holdings, LLC/CCO Capital Corp., Sr. Notes      
  730     8.75%, 11/15/13     675,250    
Charter Communications, Inc., Sr. Notes      
  180     10.875%, 9/15/14(5)     191,250    
Kabel Deutschland GmbH      
  190     10.625%, 7/1/14     198,550    
Mediacom Broadband Group Corp., LLC, Sr. Notes      
  160     8.50%, 10/15/15     148,000    
National Cable PLC      
  40     8.75%, 4/15/14     38,900    
            $ 1,326,950    

 

See notes to financial statements
18



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount
(000's omitted)
  Security   Value  
Chemicals and Plastics — 0.5%      
Berry Plastics, Variable Rate      
  2,000     7.568%, 2/15/15(5)(8)   $ 1,940,000    
CII Carbon, LLC      
  100     11.125%, 11/15/15(5)     96,500    
INEOS Group Holdings PLC      
  225     8.50%, 2/15/16(5)     183,375    
Nova Chemicals Corp., Sr. Notes, Variable Rate      
  195     7.863%, 11/15/13     169,650    
Reichhold Industries, Inc., Sr. Notes      
  445     9.00%, 8/15/14(5)     447,225    
            $ 2,836,750    
Clothing / Textiles — 0.3%      
Levi Strauss & Co., Sr. Notes      
  385     9.75%, 1/15/15   $ 404,250    
  75     8.875%, 4/1/16     76,687    
Oxford Industries, Inc., Sr. Notes      
  790     8.875%, 6/1/11     756,425    
Perry Ellis International, Inc., Sr. Sub. Notes      
  325     8.875%, 9/15/13     310,375    
Phillips Van Heusen, Sr. Notes      
  55     7.25%, 2/15/11     55,962    
            $ 1,603,699    
Conglomerates — 0.1%      
RBS Global & Rexnord Corp.      
  175     9.50%, 8/1/14   $ 175,875    
  155     11.75%, 8/1/16     149,575    
            $ 325,450    
Containers and Glass Products — 0.7%      
Berry Plastics Corp., Variable Rate      
  2,000     7.568%, 2/15/15   $ 1,820,626    
Intertape Polymer US, Inc., Sr. Sub. Notes      
  310     8.50%, 8/1/14     266,600    
Pliant Corp. (PIK)      
  1,358     11.85%, 6/15/09     1,303,916    
Smurfit-Stone Container Enterprises, Inc., Sr. Notes      
  345     8.00%, 3/15/17     293,250    
            $ 3,684,392    
Cosmetics / Toiletries — 0.0%      
Bausch & Lomb, Inc., Sr. Notes      
  195     9.875%, 11/1/15(5)   $ 208,162    
            $ 208,162    

 

Principal
Amount
(000's omitted)
  Security   Value  
Ecological Services and Equipment — 0.1%      
Waste Services, Inc., Sr. Sub. Notes      
  440     9.50%, 4/15/14   $ 433,400    
            $ 433,400    
Electronics / Electrical — 0.4%      
Advanced Micro Devices, Inc., Sr. Notes      
  445     7.75%, 11/1/12   $ 363,787    
Amkor Technologies, Inc., Sr. Notes      
  340     7.75%, 5/15/13     326,825    
Avago Technologies Finance      
  170     10.125%, 12/1/13     181,900    
  215     11.875%, 12/1/15     232,200    
NXP BV/NXP Funding, LLC      
  105     7.875%, 10/15/14     104,212    
NXP BV/NXP Funding, LLC, Variable Rate      
  775     5.463%, 10/15/13(8)     715,906    
            $ 1,924,830    
Equipment Leasing — 0.1%      
Hertz Corp.      
  330     10.50%, 1/1/16   $ 333,712    
            $ 333,712    
Financial Intermediaries — 0.4%      
E*Trade Financial Corp.      
  190     7.875%, 12/1/15   $ 153,900    
Ford Motor Credit Co.      
  715     7.375%, 10/28/09     688,513    
Ford Motor Credit Co., Sr. Notes      
  50     5.80%, 1/12/09     48,898    
  415     7.875%, 6/15/10     395,198    
  15     9.875%, 8/10/11     14,524    
  240     12.00%, 5/15/15     246,714    
General Motors Acceptance Corp.      
  210     6.375%, 5/1/08     210,000    
  160     7.75%, 1/19/10     147,275    
  70     7.25%, 3/2/11     59,417    
General Motors Acceptance Corp., Variable Rate      
  110     4.315%, 5/15/09     100,384    
            $ 2,064,823    

 

See notes to financial statements
19



Eaton Vance Senior Floating-Rate Trust as of April 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited) CONT'D

Principal
Amount
(000's omitted)
  Security   Value  
Food Products — 0.2%      
ASG Consolidated, LLC/ASG Finance, Inc., Sr. Disc. Notes      
  520     11.50% (0.00% until 2008), 11/1/11   $ 481,000    
Dole Foods Co., Sr. Notes      
  495     8.625%, 5/1/09     481,387    
Pierre Foods, Inc., Sr. Sub. Notes      
  55     9.875%, 7/15/12     26,675    
            $ 989,062    
Food Service — 0.1%      
El Pollo Loco, Inc.      
  370     11.75%, 11/15/13   $ 360,750    
NPC International, Inc., Sr. Sub. Notes      
  390     9.50%, 5/1/14     360,750    
            $ 721,500    
Food / Drug Retailers — 0.3%      
General Nutrition Center, Sr. Notes, Variable Rate (PIK)      
  400     7.199%, 3/15/14   $ 351,000    
General Nutrition Center, Sr. Sub. Notes