UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-CSR

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

 

Investment Company Act file number

811- 21411

 

Eaton Vance Senior Floating Rate Trust

(Exact name of registrant as specified in charter)

 

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

 

02109

(Address of principal executive offices)

 

(Zip code)

 

Maureen A. Gemma

The Eaton Vance Building, 255 State Street, Boston, Massachusetts 02109

(Name and address of agent for service)

 

Registrant’s telephone number, including area code:

(617) 482-8260

 

 

Date of fiscal year end:

October 31

 

 

Date of reporting period:

October 31, 2008

 

 


 

Item 1. Reports to Stockholders

 


Annual Report October 31, 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 October 31, 2008

MANAGEMENT’S DISCUSSION OF FUND PERFORMANCE

 

 

Scott H. Page, CFA
Co-Portfolio Manager

 

 

 

 

Peter M. Campo, CFA
Co-Portfolio Manager

 

 

 

 

Craig P. Russ
Co-Portfolio Manager

 

 

Economic and Market Conditions

 

·

During the year ended October 31, 2008, credit markets experienced unprecedented volatility, and the bank loan market was no exception. The subprime crisis of 2007 expanded in 2008 to include nearly all credit instruments, which in turn, caused the world economy to slip into recession. The year was a rollercoaster for the loan market and for the Trust. The total return for the S&P/LSTA Leveraged Loan Index (the Index) through the first nine months of the fiscal year was -2.91%, disappointing, but, given the environment, not especially bad compared to other markets. However, September 2008 brought a series of events that rattled the markets more deeply: the bailouts of Fannie Mae and Freddie Mac, the bankruptcy of Lehman Brothers, the rescue of American International Group, Inc. and a litany of unprecedented steps by the U.S. Treasury and the Federal Reserve to stabilize the credit markets. In the Trust’s fiscal fourth quarter, the Index declined -18.66%, by far its worst quarterly showing ever. The average loan price in the Trust was 71.8% of par at October 31, 2008. Although statistics vary with respect to recovery rates of loans in default, the historical rate has been approximately 70% of par. As such, bank loan prices at year-end were approaching levels that implied near universal default. At year-end, 1.4% of the Trust was in default versus 2.0% for the Index.

 

 

·

While there is little doubt that a recession would bring higher default rates, it is difficult to reconcile recent trading levels with market fundamentals. A range of credit statistics and criteria used to monitor creditworthiness suggested that overall credit quality appeared to be in line with historical patterns. Despite this, bank loans traded below historical recovery levels, thus implying a near 100% default rate. The most compelling, albeit obvious, explanation for the market’s depressed trading level was that there were more sellers of bank loans than buyers. Some selling was forced, especially by hedge funds and structured investment vehicles unable to meet margin requirements. Some selling was voluntary, as redemptions from mutual funds were significant throughout the year. In addition, many hard-pressed banks and investment banks that typically make markets in bank loans were hesitant to own loans, making trading more volatile. Later in the period, there were signs that many institutional investors were attracted to the asset class by record low loan prices. However, selling outweighed buying, pushing loan

 

Management Discussion

 

·

The Trust is a closed-end fund and trades on the New York Stock Exchange under the symbol “EFR”. The Trust’s investment objective is 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-

 

Eaton Vance Senior Floating-Rate Trust

Total Return Performance 10/31/07 - 10/31/08

 

NYSE Symbol

 

EFR

 

At Net Asset Value (NAV)(1)

 

-37.33

%

At Share Price(1)

 

-35.90

%

S&P/LSTA Leveraged Loan Index(2)

 

-21.02

%

 

Premium/Discount to NAV as of 10/31/08

 

-6.97

%

Total Distributions per common share

 

$

1.261

 

Distribution Rate(3)        

At NAV

 

11.54

%

 

At Share Price

 

12.41

%

 

Please refer to page 3 for additional performance information.

 

(1)

Performance results reflect the effects of leverage. (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 share 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 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


 

 

rate loans (“senior loans”). In managing the Trust, the investment adviser seeks to invest in a portfolio of senior loans that it believes 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 below, employs leverage, which may increase risk.

 

 

·

At October 31, 2008, the Trust’s investments included senior loans to 420 borrowers spanning 39 industries, with an average loan size of 0.22% of total investments, and no industry constituting more than 10% of total investments. Healthcare, business equipment and services, leisure goods/activities/movies, chemicals and plastics, and cable and satellite television 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 fiscal year ended October 31, 2008.

 

 

·

The Trust’s performance for the year ended October 31, 2008 was negatively impacted by the issues affecting the broader market, as discussed in the previous section, “Economic and Market Conditions.” The impact of leverage accounted for the Trust’s underperformance relative to the Index. In addition, the Trust had an investment of approximately 10% in European loans. Loan prices in Europe have underperformed relative to their U.S. counterparts.

 

 

·

As of October 31, 2008, the Trust had outstanding leverage of approximately 45.5% of its total net assets.(1) The Trust’ leverage consists of auction preferred shares issued by the Trust (“APS”) and borrowings under a revolving credit and security agreement with conduit lenders and a bank. Pursuant to applicable law and provisions of the Trust’s governing documents relating to the use of leverage, the Trust may not declare dividends or other distributions on common shares if it does not maintain asset coverage in certain prescribed amounts. As the result of sharp declines in the value of the Trust’s investments in recent months, the Trust sold investments to reduce outstanding leverage and maintain the required asset coverage. During the year ended October 31, 2008, the Trust’s outstanding borrowings were reduced by approximately $108 million for this reason. If credit markets remain volatile, additional actions may be required to maintain the Trust’s asset coverage, including additional sales of investments and possibly a reduction in dividend payment rates. In the event of an improvement in asset coverage, the Trust has the ability to increase borrowings under the revolving credit and security agreement.

 

 

(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 and borrowings.

 

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 the investment adviser disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a 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 the Trust’s current or future investments and may change due to active management.

 

2


 

Eaton Vance Senior Floating-Rate Trust a s of October 31, 2008

FUND PERFORMANCE

 

Trust performance (1)

 

New York Stock Exchange Symbol

 

EFR

 

Average Annual Total Return (by share price, NYSE)

 

 

 

One Year

 

-35.90

%

Life of Trust (11/28/03)

 

-6.38

 

 

 

 

 

Average Annual Total Return (at net asset value)

 

 

 

One Year

 

-37.33

%

Life of Trust (11/28/03)

 

-5.00

 

 

(1) Performance results reflect the effects of leverage.

 

Portfolio Composition

 

Top Ten Holdings(2)

By total investments

 

Sungard Data Systems, Inc.

 

1.1

%

Community Health Systems, Inc.

 

1.0

 

PanAmSat Corp.

 

1.0

 

WMG Acquisition Corp.

 

0.9

 

Georgia-Pacific Corp.

 

0.9

 

Rite Aid Corp.

 

0.9

 

CEVA Group PLC U.S.

 

0.9

 

Graphic Packaging International, Inc.

 

0.8

 

UPC Broadband Holding B.V.

 

0.8

 

HCA, Inc.

 

0.8

 

 

(2) Reflects the Trust’s investments as of 10/31/08. Holdings are shown as a percentage of the Trust’s total investments.

 

Top Five industries(3)

By total investments

 

Healthcare

 

9.6

%

Business Equipment and Services

 

7.0

 

Leisure Goods/Activities/Movies

 

6.6

 

Chemicals and Plastics

 

6.4

 

Cable and Satellite Television

 

5.8

 

 

(3) Reflects the Trust’s investments as of 10/31/08. 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

 

1.3

%

Ba

 

49.3

 

B

 

33.3

 

Caa

 

4.3

 

Non-Rated(5)

 

11.8

 

 

(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 10/31/08. Although the investment adviser considers ratings when making investment decisions, it performs its own credit and investment analysis and does not rely primarily on the ratings assigned by the rating services. Credit quality can change from time to time, and recently issued credit ratings may not fully reflect the actual risks posed by a particular security or the issuer’s current financial condition.

(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.

 

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 October 31, 2008

PORTFOLIO OF INVESTMENTS

Senior Floating-Rate Interests — 166.8%(1)      
Principal
Amount*		   Borrower/Tranche Description   Value  
Aerospace and Defense — 3.7%      
ACTS Aero Technical Support & Service, Inc.      
  709,366     Term Loan, 7.89%, Maturing October 5, 2014   $ 344,043    
AWAS Capital, Inc.      
  874,379     Term Loan, 5.00%, Maturing March 22, 2013     625,181    
Colt Defense, LLC      
  981,420     Term Loan, 7.18%, Maturing July 9, 2014     770,414    
DAE Aviation Holdings, Inc.      
  411,613     Term Loan, 7.17%, Maturing July 31, 2014     306,652    
  416,490     Term Loan, 7.37%, Maturing July 31, 2014     310,285    
Evergreen International Aviation      
  1,384,287     Term Loan, 9.00%, Maturing October 31, 2011     1,055,519    
Hawker Beechcraft Acquisition      
  200,822     Term Loan, 5.76%, Maturing March 26, 2014     130,391    
  3,428,693     Term Loan, 5.76%, Maturing March 26, 2014     2,226,202    
Hexcel Corp.      
  820,506     Term Loan, 5.25%, Maturing March 1, 2012     730,251    
IAP Worldwide Services, Inc.      
  880,397     Term Loan, 9.06%, Maturing December 30, 2012     589,866    
Spirit AeroSystems, Inc.      
  1,597,557     Term Loan, 6.50%, Maturing December 31, 2011     1,361,917    
TransDigm, Inc.      
  1,625,000     Term Loan, 5.21%, Maturing June 23, 2013     1,245,156    
Vought Aircraft Industries, Inc.      
  2,107,882     Term Loan, 5.62%, Maturing December 17, 2011     1,675,766    
  498,825     Term Loan, 7.50%, Maturing December 22, 2011     409,036    
Wesco Aircraft Hardware Corp.      
  1,142,688     Term Loan, 5.37%, Maturing September 29, 2013     908,437    
            $ 12,689,116    
Air Transport — 0.9%      
Airport Development and Investment, Ltd.      
GBP 782,900     Term Loan - Second Lien, 10.05%, Maturing
April 7, 2011		   $ 781,175    
Delta Air Lines, Inc.      
  1,185,000     Term Loan - Second Lien, 6.25%, Maturing
April 30, 2014		     681,375    
Northwest Airlines, Inc.      
  1,916,833     DIP Loan, 5.00%, Maturing August 21, 2009     1,559,822    
            $ 3,022,372    

 

Principal
Amount*		   Borrower/Tranche Description   Value  
Automotive — 7.7%      
Accuride Corp.      
  1,957,967     Term Loan, 7.31%, Maturing January 31, 2012   $ 1,483,160    
Adesa, Inc.      
  4,043,805     Term Loan, 6.02%, Maturing October 18, 2013     2,692,499    
Affina Group, Inc.      
  1,370,985     Term Loan, 6.42%, Maturing November 30, 2011     980,254    
Allison Transmission, Inc.      
  2,921,613     Term Loan, 5.67%, Maturing September 30, 2014     2,006,523    
AxleTech International Holding, Inc.      
  1,750,000     Term Loan - Second Lien, 10.39%, Maturing
April 21, 2013		     1,373,750    
Chrysler Financial      
  2,486,212     Term Loan, 6.82%, Maturing August 1, 2014     1,705,126    
CSA Acquisition Corp.      
  355,674     Term Loan, 6.31%, Maturing December 23, 2011     248,083    
  888,684     Term Loan, 6.31%, Maturing December 23, 2011     619,857    
  486,250     Term Loan, 6.31%, Maturing December 23, 2012     357,394    
Dayco Products, LLC      
  1,749,713     Term Loan, 8.01%, Maturing June 21, 2011     594,902    
Delphi Corp.      
  138,644     DIP Loan, 8.50%, Maturing December 31, 2008     88,039    
  1,361,357     DIP Loan, 8.50%, Maturing December 31, 2008     864,461    
Federal-Mogul Corp.      
  1,500,168     Term Loan, 5.48%, Maturing December 27, 2014     913,227    
  3,151,399     Term Loan, 6.12%, Maturing December 27, 2015     1,918,414    
Ford Motor Co.      
  1,743,938     Term Loan, 7.59%, Maturing December 15, 2013     969,130    
General Motors Corp.      
  3,397,025     Term Loan, 5.80%, Maturing November 29, 2013     1,878,555    
Goodyear Tire & Rubber Co.      
  2,400,000     Term Loan - Second Lien, 4.78%, Maturing
April 30, 2010		     1,708,001    
HLI Operating Co., Inc.      
EUR 109,091     Term Loan, 4.87%, Maturing May 30, 2014     119,576    
EUR 1,867,273     Term Loan, 7.67%, Maturing May 30, 2014     1,856,347    
Keystone Automotive Operations, Inc.      
  1,337,055     Term Loan, 7.15%, Maturing January 12, 2012     768,807    
LKQ Corp.      
  963,752     Term Loan, 6.77%, Maturing October 12, 2014     799,914    
TriMas Corp.      
  234,375     Term Loan, 4.88%, Maturing August 2, 2011     178,125    
  1,990,236     Term Loan, 5.63%, Maturing August 2, 2013     1,512,580    
United Components, Inc.      
  1,137,153     Term Loan, 4.81%, Maturing June 30, 2010     865,658    
            $ 26,502,382    

 

See notes to financial statements
4


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*		   Borrower/Tranche Description   Value  
Beverage and Tobacco — 0.1%      
Culligan International Co.      
EUR 975,000     Term Loan - Second Lien, 9.78%, Maturing
May 31, 2013		   $ 248,537    
            $ 248,537    
Brokers, Dealers and Investment Houses — 0.2%      
AmeriTrade Holding Corp.      
  730,172     Term Loan, 4.50%, Maturing December 31, 2012   $ 610,607    
            $ 610,607    
Building and Development — 4.9%      
Beacon Sales Acquisition, Inc.      
  1,176,000     Term Loan, 6.02%, Maturing September 30, 2013   $ 882,000    
Brickman Group Holdings, Inc.      
  1,206,625     Term Loan, 5.12%, Maturing January 23, 2014     947,201    
Capital Automotive (REIT)      
  1,232,598     Term Loan, 5.47%, Maturing December 16, 2010     785,165    
Epco/Fantome, LLC      
  1,403,000     Term Loan, 5.80%, Maturing November 23, 2010     1,318,820    
Forestar USA Real Estate Group, Inc.      
  1,550,000     Revolver Loan, 5.97%, Maturing December 1, 2010(2)     1,457,000    
  1,550,000     Term Loan, 7.48%, Maturing December 1, 2010     1,519,000    
Hovstone Holdings, LLC      
  894,412     Term Loan, 6.75%, Maturing February 28, 2009     587,092    
LNR Property Corp.      
  1,144,000     Term Loan, 6.04%, Maturing July 3, 2011     626,340    
Metroflag BP, LLC      
  500,000     Term Loan - Second Lien, 14.00%, Maturing
January 2, 2009		     225,000    
Mueller Water Products, Inc.      
  1,771,286     Term Loan, 5.22%, Maturing May 24, 2014     1,363,890    
NCI Building Systems, Inc.      
  553,061     Term Loan, 5.42%, Maturing June 18, 2010     470,102    
November 2005 Land Investors      
  304,148     Term Loan, 7.12%, Maturing May 9, 2011     220,507    
Panolam Industries Holdings, Inc.      
  1,000,288     Term Loan, 6.51%, Maturing September 30, 2012     860,248    
Re/Max International, Inc.      
  686,972     Term Loan, 7.52%, Maturing December 17, 2012     549,578    
  492,679     Term Loan, 11.52%, Maturing December 17, 2012     394,143    
South Edge, LLC      
  787,500     Term Loan, 6.25%, Maturing October 31, 2009(3)     127,969    
TRU 2005 RE Holding Co.      
  4,600,000     Term Loan, 6.72%, Maturing December 9, 2008     3,361,832    

 

Principal
Amount*		   Borrower/Tranche Description   Value  
Building and Development (continued)      
United Subcontractors, Inc.      
  829,862     Term Loan - Second Lien, 12.42%, Maturing
June 27, 2013(4)		   $ 315,347    
Wintergames Acquisition ULC      
  886,100     Term Loan, 10.74%, Maturing April 24, 2009     655,626    
            $ 16,666,860    
Business Equipment and Services — 12.2%      
ACCO Brands Corp.      
  1,017,825     Term Loan, 5.21%, Maturing August 17, 2012   $ 712,477    
Activant Solutions, Inc.      
  1,179,559     Term Loan, 6.07%, Maturing May 1, 2013     790,304    
Affiliated Computer Services      
  802,312     Term Loan, 5.26%, Maturing March 20, 2013     679,458    
  1,126,063     Term Loan, 5.81%, Maturing March 20, 2013     953,634    
Affinion Group, Inc.      
  2,402,406     Term Loan, 5.32%, Maturing October 17, 2012     1,915,919    
Allied Barton Security Service      
  1,000,000     Term Loan, 7.75%, Maturing February 21, 2015     892,500    
Education Management, LLC      
  4,678,583     Term Loan, 5.56%, Maturing June 1, 2013     3,298,401    
Info USA, Inc.      
  607,922     Term Loan, 5.77%, Maturing February 14, 2012     534,971    
Intergraph Corp.      
  1,000,000     Term Loan, 4.81%, Maturing May 29, 2014     780,000    
  1,000,000     Term Loan - Second Lien, 8.81%, Maturing
November 29, 2014		     777,500    
iPayment, Inc.      
  2,639,164     Term Loan, 5.70%, Maturing May 10, 2013     2,045,352    
ista International GmbH      
EUR 1,063,683     Term Loan, 7.12%, Maturing May 14, 2015     781,232    
EUR 211,317     Term Loan, 7.12%, Maturing May 14, 2015     155,204    
Kronos, Inc.      
  1,078,393     Term Loan, 6.01%, Maturing June 11, 2014     738,699    
Language Line, Inc.      
  2,011,655     Term Loan, 7.02%, Maturing June 11, 2011     1,699,849    
Mitchell International, Inc.      
  1,000,000     Term Loan - Second Lien, 9.06%, Maturing
March 28, 2015		     810,000    
N.E.W. Holdings I, LLC      
  1,981,955     Term Loan, 5.89%, Maturing May 22, 2014     1,531,060    
Protection One, Inc.      
  895,965     Term Loan, 5.42%, Maturing March 31, 2012     725,732    
Quantum Corp.      
  265,625     Term Loan, 7.26%, Maturing July 12, 2014     231,094    

 

See notes to financial statements
5


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*		   Borrower/Tranche Description   Value  
Business Equipment and Services (continued)      
Quintiles Transnational Corp.      
  1,700,000     Term Loan - Second Lien, 7.77%, Maturing
March 31, 2014		   $ 1,232,500    
Sabre, Inc.      
  6,057,297     Term Loan, 5.25%, Maturing September 30, 2014     3,509,864    
Serena Software, Inc.      
  480,000     Term Loan, 5.50%, Maturing March 10, 2013     414,000    
Sitel (Client Logic)      
  1,866,855     Term Loan, 6.51%, Maturing January 29, 2014     1,120,113    
Solera Holdings, LLC      
EUR 744,054     Term Loan, 6.70%, Maturing May 15, 2014     711,250    
SunGard Data Systems, Inc.      
  9,177,689     Term Loan, 4.55%, Maturing February 11, 2013     7,073,373    
TDS Investor Corp.      
  2,345,107     Term Loan, 6.01%, Maturing August 23, 2013     1,457,317    
  269,897     Term Loan, 6.01%, Maturing August 23, 2013     167,722    
EUR 1,054,228     Term Loan, 7.39%, Maturing August 23, 2013     846,509    
Transaction Network Services, Inc.      
  558,888     Term Loan, 4.80%, Maturing May 4, 2012     482,041    
Valassis Communications, Inc.      
  464,043     Term Loan, 5.52%, Maturing March 2, 2014     326,377    
  1,808,629     Term Loan, 5.52%, Maturing March 2, 2014     1,272,068    
VWR International, Inc.      
  1,625,000     Term Loan, 5.67%, Maturing June 28, 2013     1,134,791    
WAM Acquisition, S.A.      
EUR 245,946     Term Loan, 7.09%, Maturing May 4, 2014     180,441    
EUR 148,939     Term Loan, 7.09%, Maturing May 4, 2014     109,271    
EUR 245,946     Term Loan, 7.59%, Maturing May 4, 2015     180,441    
EUR 148,939     Term Loan, 7.59%, Maturing May 4, 2015     109,271    
West Corp.      
  2,389,754     Term Loan, 5.73%, Maturing October 24, 2013     1,547,366    
            $ 41,928,101    
Cable and Satellite Television — 10.4%      
Atlantic Broadband Finance, LLC      
  4,198,301     Term Loan, 6.02%, Maturing February 10, 2011   $ 3,841,445    
Bragg Communications, Inc.      
  2,128,500     Term Loan, 5.31%, Maturing August 31, 2014     1,862,437    
Bresnan Broadband Holdings, LLC      
  500,000     Term Loan, 6.06%, Maturing March 29, 2014     396,666    
  1,200,000     Term Loan - Second Lien, 7.60%, Maturing
March 29, 2014		     846,000    

 

Principal
Amount*		   Borrower/Tranche Description   Value  
Cable and Satellite Television (continued)      
Cequel Communications, LLC      
  496,222     Term Loan, 6.21%, Maturing November 5, 2013   $ 367,962    
  1,550,000     Term Loan - Second Lien, 7.30%, Maturing
May 5, 2014		     992,000    
  3,695,326     Term Loan - Second Lien, 8.80%, Maturing
May 5, 2014		     2,420,439    
Charter Communications Operating, Inc.      
  2,387,595     Term Loan, 5.31%, Maturing April 28, 2013     1,797,785    
CSC Holdings, Inc.      
  2,952,670     Term Loan, 4.57%, Maturing March 29, 2013     2,566,715    
CW Media Holdings, Inc.      
  618,750     Term Loan, 7.01%, Maturing February 15, 2015     495,000    
Foxco Acquisition Sub., LLC      
  650,000     Term Loan, 7.25%, Maturing July 2, 2015     513,500    
Insight Midwest Holdings, LLC      
  3,594,375     Term Loan, 5.93%, Maturing April 6, 2014     2,845,548    
Mediacom Broadband Group      
  5,792,280     Term Loan, 3.89%, Maturing January 31, 2015     4,213,883    
Mediacom Illinois, LLC      
  3,730,954     Term Loan, 3.64%, Maturing January 31, 2015     2,683,179    
NTL Investment Holdings, Ltd.      
GBP 1,200,000     Term Loan, Maturing March 30, 2012(5)     1,294,796    
GBP 471,050     Term Loan, 8.13%, Maturing March 30, 2012     508,261    
GBP 239,517     Term Loan, 8.13%, Maturing March 30, 2012     258,438    
Orion Cable GmbH      
EUR 646,623     Term Loan, 7.69%, Maturing October 31, 2014     541,881    
EUR 646,623     Term Loan, 8.41%, Maturing October 31, 2015     541,881    
ProSiebenSat.1 Media AG      
EUR 409,546     Term Loan, 7.53%, Maturing March 2, 2015     130,497    
EUR 11,076     Term Loan, 6.85%, Maturing June 26, 2015     7,680    
EUR 272,924     Term Loan, 6.85%, Maturing June 26, 2015     189,255    
EUR 409,546     Term Loan, 7.78%, Maturing March 2, 2016     130,497    
EUR 519,952     Term Loan - Second Lien, 8.90%, Maturing
September 2, 2016		     92,779    
EUR 352,046     Term Loan, 12.15%, Maturing March 2, 2017     53,844    
UPC Broadband Holding B.V.      
EUR 4,050,000     Term Loan, 7.01%, Maturing October 16, 2011     3,441,287    
  1,950,000     Term Loan, 5.47%, Maturing December 31, 2014     1,399,125    
YPSO Holding SA      
EUR 541,621     Term Loan, 7.00%, Maturing July 28, 2014     340,847    
EUR 209,021     Term Loan, 7.00%, Maturing July 28, 2014     131,539    
EUR 249,358     Term Loan, 7.00%, Maturing July 28, 2014     156,923    
EUR 1,000,000     Term Loan, 7.25%, Maturing July 28, 2015     630,902    
            $ 35,692,991    

 

See notes to financial statements
6


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*		   Borrower/Tranche Description   Value  
Chemicals and Plastics — 11.3%      
Arizona Chemical, Inc.      
  500,000     Term Loan - Second Lien, 8.31%, Maturing
February 28, 2014		   $ 281,250    
Brenntag Holding GmbH and Co. KG      
  373,091     Term Loan, 5.07%, Maturing December 23, 2013     259,298    
  1,526,909     Term Loan, 5.07%, Maturing December 23, 2013     1,061,202    
  1,000,000     Term Loan - Second Lien, 7.79%, Maturing
December 23, 2015		     645,000    
Celanese Holdings, LLC      
  4,161,625     Term Loan, 5.55%, Maturing April 2, 2014     3,382,806    
Cognis GmbH      
EUR 803,279     Term Loan, 6.96%, Maturing September 15, 2013     646,030    
EUR 196,721     Term Loan, 6.96%, Maturing September 15, 2013     158,211    
First Chemical Holding      
EUR 965,273     Term Loan, 7.66%, Maturing December 18, 2014     865,815    
Foamex, L.P.      
  1,459,647     Term Loan, 8.04%, Maturing February 12, 2013     675,087    
Georgia Gulf Corp.      
  658,586     Term Loan, 9.05%, Maturing October 3, 2013     527,528    
Hercules, Inc.      
  570,825     Term Loan, 4.50%, Maturing October 8, 2010     567,257    
Hexion Specialty Chemicals, Inc.      
  493,750     Term Loan, 6.06%, Maturing May 5, 2012     343,568    
  964,692     Term Loan, 6.06%, Maturing May 5, 2013     671,264    
  4,440,908     Term Loan, 6.19%, Maturing May 5, 2013     3,090,130    
INEOS Group      
EUR 750,000     Term Loan - Second Lien, 8.46%, Maturing
December 14, 2012		     413,432    
  2,318,293     Term Loan, 5.95%, Maturing December 14, 2013     1,290,517    
  2,222,278     Term Loan, 6.45%, Maturing December 14, 2014     1,216,697    
Innophos, Inc.      
  572,085     Term Loan, 6.76%, Maturing August 10, 2010     491,993    
Invista B.V.      
  2,472,784     Term Loan, 4.92%, Maturing April 29, 2011     2,052,411    
  724,056     Term Loan, 4.92%, Maturing April 29, 2011     600,966    
ISP Chemco, Inc.      
  1,572,538     Term Loan, 5.06%, Maturing June 4, 2014     1,242,305    
Kleopatra      
  825,000     Term Loan, 6.82%, Maturing January 3, 2016     391,875    
EUR 575,000     Term Loan, 7.88%, Maturing January 3, 2016     375,594    
Kranton Polymers, LLC      
  2,772,248     Term Loan, 5.31%, Maturing May 12, 2013     2,143,871    
Lucite International Group Holdings      
  597,133     Term Loan, 5.37%, Maturing July 7, 2013     541,898    
  211,446     Term Loan, 5.37%, Maturing July 7, 2013     168,452    

 

Principal
Amount*		   Borrower/Tranche Description   Value  
Chemicals and Plastics (continued)      
MacDermid, Inc.      
EUR 801,817     Term Loan, 7.39%, Maturing April 12, 2014   $ 710,260    
Millenium Inorganic Chemicals      
  347,375     Term Loan, 6.01%, Maturing April 30, 2014     224,057    
  975,000     Term Loan - Second Lien, 9.51%, Maturing
October 31, 2014		     526,500    
Momentive Performance Material      
  1,685,254     Term Loan, 5.38%, Maturing December 4, 2013     1,313,094    
Nalco Co.      
  4,161,119     Term Loan, 5.09%, Maturing November 4, 2010     3,733,119    
Propex Fabrics, Inc.      
  983,333     Term Loan, 6.88%, Maturing January 23, 2009(2)     850,583    
  799,694     Term Loan, 8.00%, Maturing July 31, 2012     241,907    
Rockwood Specialties Group, Inc.      
  4,294,250     Term Loan, 4.62%, Maturing December 10, 2012     3,596,434    
Schoeller Arca Systems Holding      
EUR 443,417     Term Loan, 8.40%, Maturing November 16, 2015     486,035    
EUR 412,060     Term Loan, 8.40%, Maturing November 16, 2015     451,665    
EUR 144,523     Term Loan, 8.40%, Maturing November 16, 2015     158,413    
Solo Cup Co.      
  1,625,226     Term Loan, 6.65%, Maturing February 27, 2011     1,412,593    
Wellman, Inc.      
  2,184,998     Term Loan, 6.74%, Maturing February 10, 2009(3)     1,035,689    
            $ 38,844,806    
Clothing / Textiles — 0.5%      
Hanesbrands, Inc.      
  850,000     Term Loan - Second Lien, 7.27%, Maturing
March 5, 2014		   $ 665,833    
St. John Knits International, Inc.      
  528,149     Term Loan, 6.17%, Maturing March 23, 2012     441,004    
The William Carter Co.      
  626,968     Term Loan, 4.76%, Maturing July 14, 2012     528,221    
            $ 1,635,058    
Conglomerates — 5.0%      
Amsted Industries, Inc.      
  1,693,128     Term Loan, 6.56%, Maturing October 15, 2010   $ 1,303,709    
Blount, Inc.      
  276,658     Term Loan, 4.50%, Maturing August 9, 2010     242,076    
Doncasters (Dunde HoldCo 4 Ltd.)      
  427,981     Term Loan, 4.85%, Maturing July 13, 2015     318,846    
  427,981     Term Loan, 5.35%, Maturing July 13, 2015     318,846    
GBP 500,000     Term Loan - Second Lien, 9.77%, Maturing
January 13, 2016		     527,062    

 

See notes to financial statements
7


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*		   Borrower/Tranche Description   Value  
Conglomerates (continued)      
GenTek, Inc.      
  499,828     Term Loan, 6.30%, Maturing February 25, 2011   $ 428,603    
Jarden Corp.      
  2,133,773     Term Loan, 5.51%, Maturing January 24, 2012     1,747,027    
  1,202,461     Term Loan, 5.51%, Maturing January 24, 2012     984,515    
Johnson Diversey, Inc.      
  1,642,481     Term Loan, 4.79%, Maturing December 16, 2011     1,305,772    
Polymer Group, Inc.      
  2,306,352     Term Loan, 5.73%, Maturing November 22, 2012     1,833,550    
RBS Global, Inc.      
  792,218     Term Loan, 5.76%, Maturing July 19, 2013     629,814    
  3,784,836     Term Loan, 6.37%, Maturing July 19, 2013     3,027,869    
RGIS Holdings, LLC      
  2,822,607     Term Loan, 5.46%, Maturing April 30, 2014     1,938,191    
  141,130     Term Loan, 5.62%, Maturing April 30, 2014     96,910    
The Manitowoc Company, Inc.      
  1,250,000     Term Loan, Maturing August 21, 2014(5)     988,125    
US Investigations Services, Inc.      
  905,702     Term Loan, 5.95%, Maturing February 21, 2015     643,048    
Vertrue, Inc.      
  841,500     Term Loan, 6.77%, Maturing August 16, 2014     631,125    
            $ 16,965,088    
Containers and Glass Products — 4.5%      
Consolidated Container Co.      
  1,000,000     Term Loan - Second Lien, 8.69%, Maturing
September 28, 2014		   $ 387,500    
Crown Americas, Inc.      
  612,500     Term Loan, 6.34%, Maturing November 15, 2012     539,000    
Graham Packaging Holdings Co.      
  3,686,250     Term Loan, 5.74%, Maturing October 7, 2011     3,019,039    
Graphic Packaging International, Inc.      
  4,475,625     Term Loan, 5.75%, Maturing May 16, 2014     3,670,012    
  1,478,179     Term Loan, 6.86%, Maturing May 16, 2014     1,259,224    
JSG Acquisitions      
  1,845,000     Term Loan, 6.16%, Maturing December 31, 2013     1,194,638    
  1,845,000     Term Loan, 6.41%, Maturing December 13, 2014     1,194,638    
Owens-Brockway Glass Container      
  1,555,938     Term Loan, 6.09%, Maturing June 14, 2013     1,324,492    
Smurfit-Stone Container Corp.      
  1,420,448     Term Loan, 4.88%, Maturing November 1, 2011     1,129,256    
  729,847     Term Loan, 4.90%, Maturing November 1, 2011     580,228    
  625,684     Term Loan, 5.13%, Maturing November 1, 2011     497,419    
  650,961     Term Loan, 5.93%, Maturing November 1, 2011     517,514    
            $ 15,312,960    

 

Principal
Amount*		   Borrower/Tranche Description   Value  
Cosmetics / Toiletries — 0.8%      
American Safety Razor Co.      
  491,806     Term Loan, 5.92%, Maturing July 31, 2013   $ 420,494    
  900,000     Term Loan - Second Lien, 9.41%, Maturing July 31, 2014     751,500    
KIK Custom Products, Inc.      
  975,000     Term Loan - Second Lien, 8.54%, Maturing
November 30, 2014		     324,188    
Prestige Brands, Inc.      
  1,314,380     Term Loan, 5.82%, Maturing April 7, 2011     1,058,076    
            $ 2,554,258    
Drugs — 1.4%      
Graceway Pharmaceuticals, LLC      
  754,801     Term Loan, 6.51%, Maturing May 3, 2012   $ 530,876    
  1,000,000     Term Loan - Second Lien, 10.26%, Maturing May 3, 2013     540,000    
  275,000     Term Loan, 12.01%, Maturing November 3, 2013     177,375    
Pharmaceutical Holdings Corp.      
  394,289     Term Loan, 6.51%, Maturing January 30, 2012     331,203    
Stiefel Laboratories, Inc.      
  713,546     Term Loan, 7.00%, Maturing December 28, 2013     581,540    
  932,896     Term Loan, 7.00%, Maturing December 28, 2013     760,310    
Warner Chilcott Corp.      
  625,691     Term Loan, 5.76%, Maturing January 18, 2012     517,134    
  1,667,577     Term Loan, 5.76%, Maturing January 18, 2012     1,378,252    
            $ 4,816,690    
Ecological Services and Equipment — 2.8%      
Allied Waste Industries, Inc.      
  1,271,218     Term Loan, 4.90%, Maturing January 15, 2012   $ 1,216,132    
  1,778,721     Term Loan, 5.44%, Maturing January 15, 2012     1,701,644    
Blue Waste B.V. (AVR Acquisition)      
EUR 1,000,000     Term Loan, 7.21%, Maturing April 1, 2015     1,010,081    
Cory Environmental Holdings      
GBP 500,000     Term Loan - Second Lien, 9.88%, Maturing
September 30, 2014		     704,091    
Environmental Systems Products Holdings, Inc.      
  1,165,123     Term Loan - Second Lien, 13.74%, Maturing
December 12, 2010		     840,753    
IESI Corp.      
  970,588     Term Loan, 4.56%, Maturing January 20, 2012     805,588    
Kemble Water Structure, Ltd.      
GBP 1,250,000     Term Loan, 10.16%, Maturing October 13, 2013     1,398,123    
Sensus Metering Systems, Inc.      
  2,113,043     Term Loan, 5.20%, Maturing December 17, 2010     1,954,565    
            $ 9,630,977    

 

See notes to financial statements
8


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*		   Borrower/Tranche Description   Value  
Electronics / Electrical — 3.9%      
Aspect Software, Inc.      
  1,079,500     Term Loan, 6.25%, Maturing July 11, 2011   $ 874,395    
  1,800,000     Term Loan - Second Lien, 10.00%, Maturing
July 11, 2013		     1,368,000    
FCI International S.A.S.      
  215,870     Term Loan, 6.47%, Maturing November 1, 2013     174,855    
  207,823     Term Loan, 6.47%, Maturing November 1, 2013     168,337    
  207,823     Term Loan, 6.47%, Maturing November 1, 2013     168,337    
  215,870     Term Loan, 6.47%, Maturing November 1, 2013     174,855    
Infor Enterprise Solutions Holdings      
  2,916,533     Term Loan, 7.52%, Maturing July 28, 2012     1,844,707    
  1,521,670     Term Loan, 7.52%, Maturing July 28, 2012     962,456    
  500,000     Term Loan - Second Lien, 9.26%, Maturing
March 2, 2014		     160,000    
  183,333     Term Loan - Second Lien, 10.01%, Maturing
March 2, 2014		     58,667    
  316,667     Term Loan - Second Lien, 10.01%, Maturing
March 2, 2014		     102,125    
Network Solutions, LLC      
  672,016     Term Loan, 5.95%, Maturing March 7, 2014     386,409    
Open Solutions, Inc.      
  2,068,868     Term Loan, 5.96%, Maturing January 23, 2014     1,137,878    
Sensata Technologies Finance Co.      
  2,756,798     Term Loan, 5.26%, Maturing April 27, 2013     1,780,891    
Spectrum Brands, Inc.      
  57,117     Term Loan, 4.70%, Maturing March 30, 2013     39,197    
  1,137,544     Term Loan, 7.58%, Maturing March 30, 2013     780,639    
VeriFone, Inc.      
  716,875     Term Loan, 5.87%, Maturing October 31, 2013     609,344    
Vertafore, Inc.      
  2,216,460     Term Loan, 5.31%, Maturing January 31, 2012     1,800,874    
  850,000     Term Loan - Second Lien, 8.81%, Maturing
January 31, 2013		     582,250    
            $ 13,174,216    
Equipment Leasing — 0.5%      
AWAS Capital, Inc.      
  1,844,498     Term Loan - Second Lien, 9.25%, Maturing
March 22, 2013		   $ 1,060,587    
The Hertz Corp.      
  1,086,286     Term Loan, 4.55%, Maturing December 21, 2012     788,333    
  14,807     Term Loan, 4.70%, Maturing December 21, 2012     10,745    
            $ 1,859,665    

 

Principal
Amount*		   Borrower/Tranche Description   Value  
Farming / Agriculture — 0.7%      
BF Bolthouse HoldCo, LLC      
  1,150,000     Term Loan - Second Lien, 9.26%, Maturing
December 16, 2013		   $ 874,000    
Central Garden & Pet Co.      
  2,023,125     Term Loan, 4.74%, Maturing February 28, 2014     1,360,552    
            $ 2,234,552    
Financial Intermediaries — 2.8%      
Citco III, Ltd.      
  2,642,561     Term Loan, 5.13%, Maturing June 30, 2014   $ 2,140,474    
Grosvenor Capital Management      
  1,449,911     Term Loan, 5.59%, Maturing December 5, 2013     1,159,929    
INVESTools, Inc.      
  384,000     Term Loan, 6.25%, Maturing August 13, 2012     349,440    
Jupiter Asset Management Group      
GBP 418,271     Term Loan, 7.89%, Maturing June 30, 2015     508,224    
LPL Holdings, Inc.      
  4,031,207     Term Loan, 5.51%, Maturing December 18, 2014     3,224,966    
Nuveen Investments, Inc.      
  1,467,625     Term Loan, 6.35%, Maturing November 2, 2014     846,331    
Oxford Acquisition III, Ltd.      
  902,908     Term Loan, 5.58%, Maturing May 24, 2014     570,337    
RJO Holdings Corp. (RJ O'Brien)      
  470,250     Term Loan, 6.00%, Maturing July 31, 2014(4)     338,580    
Travelex America Holdings, Inc.      
  375,000     Term Loan, 5.93%, Maturing October 31, 2013     294,375    
  375,000     Term Loan, 6.43%, Maturing October 31, 2014     294,375    
            $ 9,727,031    
Food Products — 4.0%      
Acosta, Inc.      
  3,032,087     Term Loan, 5.37%, Maturing July 28, 2013   $ 2,236,164    
Advantage Sales & Marketing, Inc.      
  2,238,665     Term Loan, 5.20%, Maturing March 29, 2013     1,572,662    
Black Lion Beverages III B.V.      
EUR 147,059     Term Loan, 6.90%, Maturing December 31, 2013     129,517    
EUR 852,941     Term Loan, 7.01%, Maturing December 31, 2014     751,197    
Dean Foods Co.      
  4,415,318     Term Loan, 5.26%, Maturing April 2, 2014     3,326,669    
Pinnacle Foods Finance, LLC      
  1,727,813     Term Loan, 6.76%, Maturing April 2, 2014     1,254,392    
Provimi Group SA      
  252,404     Term Loan, 5.37%, Maturing June 28, 2015     203,816    
  205,103     Term Loan, 5.37%, Maturing June 28, 2015     165,620    

 

See notes to financial statements
9


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*		   Borrower/Tranche Description   Value  
Food Products (continued)      
EUR 457,186     Term Loan, 6.75%, Maturing June 28, 2015   $ 470,535    
EUR 265,285     Term Loan, 6.75%, Maturing June 28, 2015     273,031    
EUR 438,752     Term Loan, 6.75%, Maturing June 28, 2015     451,563    
EUR 598,067     Term Loan, 6.75%, Maturing June 28, 2015     615,530    
EUR 24,182     Term Loan - Second Lien, 8.75%, Maturing
June 28, 2015		     21,806    
  282,126     Term Loan - Second Lien, 7.95%, Maturing
December 28, 2016(2)		     199,604    
EUR 697,446     Term Loan - Second Lien, 8.75%, Maturing
December 28, 2016(2)		     628,917    
Reddy Ice Group, Inc.      
  1,970,000     Term Loan, 6.50%, Maturing August 9, 2012     1,472,575    
            $ 13,773,598    
Food Service — 2.5%      
AFC Enterprises, Inc.      
  430,624     Term Loan, 6.06%, Maturing May 23, 2009   $ 340,193    
Aramark Corp.      
GBP 982,500     Term Loan, 8.38%, Maturing January 27, 2014     1,264,949    
Buffets, Inc.      
  453,687     Term Loan, 10.42%, Maturing January 22, 2009     140,643    
  45,200     Term Loan, 10.42%, Maturing January 22, 2009     14,012    
  1,108,550     DIP Loan, 12.25%, Maturing January 22, 2009     1,114,093    
  140,295     Term Loan, 10.97%, Maturing May 1, 2013     41,387    
  943,706     Term Loan, 10.42%, Maturing November 1, 2013     278,393    
CBRL Group, Inc.      
  1,742,522     Term Loan, 4.30%, Maturing April 27, 2013     1,338,837    
JRD Holdings, Inc.      
  549,219     Term Loan, 5.75%, Maturing June 26, 2014     417,406    
NPC International, Inc.      
  373,356     Term Loan, 5.40%, Maturing May 3, 2013     272,550    
OSI Restaurant Partners, LLC      
  185,739     Term Loan, 5.28%, Maturing May 9, 2013     97,668    
  2,276,138     Term Loan, 5.25%, Maturing May 9, 2014     1,196,869    
QCE Finance, LLC      
  1,225,559     Term Loan, 5.81%, Maturing May 5, 2013     808,869    
  950,000     Term Loan - Second Lien, 9.51%, Maturing
November 5, 2013		     562,875    
Sagittarius Restaurants, LLC      
  358,903     Term Loan, 9.50%, Maturing March 29, 2013     174,068    
Selecta      
EUR 741,246     Term Loan - Second Lien, 9.12%, Maturing
December 28, 2015		     550,320    
            $ 8,613,132    

 

Principal
Amount*		   Borrower/Tranche Description   Value  
Food / Drug Retailers — 4.4%      
General Nutrition Centers, Inc.      
  3,414,143     Term Loan, 6.14%, Maturing September 16, 2013   $ 2,367,138    
Iceland Foods Group, Ltd.      
GBP 1,250,000     Term Loan, 7.61%, Maturing May 2, 2014     1,745,139    
GBP 1,250,000     Term Loan, 8.61%, Maturing May 2, 2015     1,745,139    
Pantry, Inc. (The)      
  825,660     Term Loan, 4.87%, Maturing May 15, 2014     586,218    
  237,694     Term Loan, 4.87%, Maturing May 15, 2014     168,763    
Rite Aid Corp.      
  6,368,000     Term Loan, 5.01%, Maturing June 1, 2014     4,728,240    
  1,075,000     Term Loan, 6.00%, Maturing June 4, 2014     849,250    
Roundy's Supermarkets, Inc.      
  3,365,208     Term Loan, 5.38%, Maturing November 3, 2011     2,734,232    
            $ 14,924,119    
Forest Products — 2.6%      
Appleton Papers, Inc.      
  1,333,125     Term Loan, 5.38%, Maturing June 5, 2014   $ 1,073,166    
Georgia-Pacific Corp.      
  6,776,007     Term Loan, 4.65%, Maturing December 20, 2012     5,644,793    
Newpage Corp.      
  1,488,750     Term Loan, 7.00%, Maturing December 5, 2014     1,215,459    
Xerium Technologies, Inc.      
  1,239,095     Term Loan, 9.26%, Maturing May 18, 2012     916,930    
            $ 8,850,348    
Healthcare — 16.5%      
Accellent, Inc.      
  2,307,508     Term Loan, 5.31%, Maturing November 22, 2012   $ 1,592,181    
Advanced Medical Optics, Inc.      
  985,167     Term Loan, 4.76%, Maturing April 2, 2014     716,709    
Alliance Imaging, Inc.      
  1,022,942     Term Loan, 5.78%, Maturing December 29, 2011     889,960    
American Medical Systems      
  1,068,448     Term Loan, 5.44%, Maturing July 20, 2012     918,865    
AMN Healthcare, Inc.      
  271,348     Term Loan, 5.51%, Maturing November 2, 2011     236,073    
AMR HoldCo, Inc.      
  1,864,721     Term Loan, 4.82%, Maturing February 10, 2012     1,659,602    
Biomet, Inc.      
  1,796,250     Term Loan, 6.76%, Maturing December 26, 2014     1,567,677    
EUR 1,212,750     Term Loan, 8.14%, Maturing December 26, 2014     1,325,447    
Bright Horizons Family Solutions, Inc.      
  947,625     Term Loan, 7.50%, Maturing May 15, 2015     754,942    

 

See notes to financial statements
10


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*		   Borrower/Tranche Description   Value  
Healthcare (continued)      
Capio AB      
EUR 169,803     Term Loan, 7.16%, Maturing April 24, 2015   $ 165,131    
EUR 204,134     Term Loan, 7.16%, Maturing April 24, 2015     198,517    
EUR 169,803     Term Loan, 7.29%, Maturing April 16, 2016     165,131    
EUR 152,245     Term Loan, 7.29%, Maturing April 24, 2016     148,056    
Cardinal Health 409, Inc.      
  4,236,487     Term Loan, 6.01%, Maturing April 10, 2014     2,743,125    
Carestream Health, Inc.      
  2,855,873     Term Loan, 5.43%, Maturing April 30, 2013     1,880,116    
  1,000,000     Term Loan - Second Lien, 8.32%, Maturing
October 30, 2013		     491,250    
Carl Zeiss Vision Holding GmbH      
  1,300,000     Term Loan, 5.62%, Maturing March 23, 2015     743,167    
Community Health Systems, Inc.      
  385,151     Term Loan, 0.00%, Maturing July 25, 2014(2)     309,613    
  7,528,298     Term Loan, 5.16%, Maturing July 25, 2014     6,051,811    
Concentra, Inc.      
  600,000     Term Loan - Second Lien, 9.27%, Maturing
June 25, 2015		     210,000    
ConMed Corp.      
  472,389     Term Loan, 4.67%, Maturing April 13, 2013     387,359    
Convatec Cidron Healthcare B      
EUR 750,000     Term Loan, 9.39%, Maturing July 30, 2016     876,253    
CRC Health Corp.      
  490,000     Term Loan, 6.01%, Maturing February 6, 2013     338,100    
  487,550     Term Loan, 6.01%, Maturing February 6, 2013     336,410    
Dako EQT Project Delphi      
  500,000     Term Loan - Second Lien, 7.63%, Maturing
December 12, 2016		     200,000    
DaVita, Inc.      
  3,547,997     Term Loan, 4.67%, Maturing October 5, 2012     3,091,827    
DJO Finance, LLC      
  794,000     Term Loan, 6.74%, Maturing May 15, 2014     607,410    
Fenwal, Inc.      
  500,000     Term Loan - Second Lien, 8.06%, Maturing
August 28, 2014		     358,750    
Fresenius Medical Care Holdings      
  496,650     Term Loan, 5.00%, Maturing March 31, 2013     423,146    
Hanger Orthopedic Group, Inc.      
  703,142     Term Loan, 5.18%, Maturing May 30, 2013     551,967    
HCA, Inc.      
  5,653,906     Term Loan, 6.01%, Maturing November 18, 2013     4,680,021    
Health Management Association, Inc.      
  3,231,087     Term Loan, 5.51%, Maturing February 28, 2014     2,277,917    
HealthSouth Corp.      
  2,386,469     Term Loan, 5.50%, Maturing March 10, 2013     1,983,089    

 

Principal
Amount*		   Borrower/Tranche Description   Value  
Healthcare (continued)      
Iasis Healthcare, LLC      
  77,901     Term Loan, 4.58%, Maturing March 14, 2014   $ 63,100    
  291,400     Term Loan, 5.12%, Maturing March 14, 2014     236,034    
  842,144     Term Loan, 5.12%, Maturing March 14, 2014     682,136    
Ikaria Acquisition, Inc.      
  531,203     Term Loan, 5.67%, Maturing March 28, 2013     504,643    
IM U.S. Holdings, LLC      
  992,462     Term Loan, 5.16%, Maturing June 26, 2014     732,768    
  625,000     Term Loan - Second Lien, 7.75%, Maturing
June 26, 2015		     437,500    
Invacare Corp.      
  660,100     Term Loan, 5.60%, Maturing February 12, 2013     564,386    
Leiner Health Products, Inc.      
  97,791     Term Loan, 8.75%, Maturing May 27, 2011(3)     92,901    
LifePoint Hospitals, Inc.      
  2,063,187     Term Loan, 4.44%, Maturing April 15, 2012     1,739,524    
MultiPlan Merger Corp.      
  1,565,547     Term Loan, 5.63%, Maturing April 12, 2013     1,232,868    
  1,117,851     Term Loan, 5.63%, Maturing April 12, 2013     880,307    
Mylan, Inc.      
  595,500     Term Loan, 6.90%, Maturing October 2, 2014     514,151    
National Mentor Holdings, Inc.      
  61,600     Term Loan, 4.94%, Maturing June 29, 2013     52,052    
  1,015,036     Term Loan, 5.77%, Maturing June 29, 2013     857,705    
National Rental Institutes, Inc.      
  813,255     Term Loan, 6.06%, Maturing March 31, 2013     538,781    
Nyco Holdings      
EUR 984,850     Term Loan, 7.42%, Maturing December 29, 2014     686,459    
EUR 984,850     Term Loan, 8.17%, Maturing December 29, 2015     686,459    
Physiotherapy Associates, Inc.      
  754,379     Term Loan, 8.50%, Maturing June 27, 2013     546,925    
RadNet Management, Inc.      
  540,378     Term Loan, 7.06%, Maturing November 15, 2012     432,303    
ReAble Therapeutics Finance, LLC      
  2,593,076     Term Loan, 5.76%, Maturing November 16, 2013     1,957,773    
Renal Advantage, Inc.      
  872     Term Loan, 5.32%, Maturing October 5, 2012     650    
Select Medical Holdings Corp.      
  2,121,812     Term Loan, 4.91%, Maturing February 24, 2012     1,633,795    
Sunrise Medical Holdings, Inc.      
  500,515     Term Loan, 7.90%, Maturing May 13, 2010     383,795    
Vanguard Health Holding Co., LLC      
  2,155,024     Term Loan, 5.74%, Maturing September 23, 2011     1,839,852    
Viant Holdings, Inc.      
  518,438     Term Loan, 6.02%, Maturing June 25, 2014     308,470    
            $ 56,484,959    

 

See notes to financial statements
11


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*		   Borrower/Tranche Description   Value  
Home Furnishings — 2.4%      
Hunter Fan Co.      
  428,252     Term Loan, 5.31%, Maturing April 16, 2014   $ 239,821    
Interline Brands, Inc.      
  980,687     Term Loan, 4.75%, Maturing June 23, 2013     755,129    
  679,130     Term Loan, 4.75%, Maturing June 23, 2013     522,930    
National Bedding Co., LLC      
  1,483,674     Term Loan, 5.35%, Maturing August 31, 2011     982,934    
  2,050,000     Term Loan - Second Lien, 8.40%, Maturing
August 31, 2012		     1,291,500    
Sealy Mattress Co.      
  2,850,000     Term Loan, 4.30%, Maturing August 25, 2011     2,408,250    
Simmons Co.      
  2,799,380     Term Loan, 5.44%, Maturing December 19, 2011     1,987,560    
  1,000,000     Term Loan, 8.35%, Maturing February 15, 2012     177,500    
            $ 8,365,624    
Industrial Equipment — 4.8%      
Brand Energy and Infrastructure Services, Inc.      
  792,000     Term Loan, 6.96%, Maturing February 7, 2014   $ 621,720    
CEVA Group PLC U.S.      
  1,005,694     Term Loan, 6.76%, Maturing November 4, 2013     807,069    
  2,258,500     Term Loan, 6.17%, Maturing January 4, 2014     1,812,446    
  3,500,698     Term Loan, 6.75%, Maturing January 4, 2014     2,809,310    
EPD Holdings (Goodyear Engineering Products)      
  147,324     Term Loan, 5.50%, Maturing July 13, 2014     106,810    
  1,028,672     Term Loan, 5.50%, Maturing July 13, 2014     745,787    
  775,000     Term Loan - Second Lien, 8.75%,
Maturing July 13, 2015		     449,500    
FR Brand Acquisition Corp.      
  738,750     Term Loan, 6.00%, Maturing February 7, 2014     561,450    
Generac Acquisition Corp.      
  1,762,302     Term Loan, 6.65%, Maturing November 7, 2013     1,113,188    
  500,000     Term Loan - Second Lien, 10.15%, Maturing
April 7, 2014		     162,500    
Gleason Corp.      
  138,408     Term Loan, 5.22%, Maturing June 30, 2013     118,339    
  568,403     Term Loan, 5.22%, Maturing June 30, 2013     485,985    
Itron, Inc.      
EUR 304,448     Term Loan, 6.89%, Maturing April 18, 2014     334,679    
Jason, Inc.      
  436,764     Term Loan, 5.50%, Maturing April 30, 2010     340,676    
John Maneely Co.      
  2,813,829     Term Loan, 7.66%, Maturing December 8, 2013     2,075,199    
KION Group GmbH      
  250,000     Term Loan, 5.12%, Maturing December 23, 2014     155,250    
  250,000     Term Loan, 5.62%, Maturing December 23, 2015     155,250    

 

Principal
Amount*		   Borrower/Tranche Description   Value  
Industrial Equipment (continued)      
Polypore, Inc.      
  2,987,188     Term Loan, 5.39%, Maturing July 3, 2014   $ 2,330,006    
Sequa Corp.      
  795,043     Term Loan, 6.38%, Maturing November 30, 2014     597,276    
TFS Acquisition Corp.      
  686,000     Term Loan, 7.26%, Maturing August 11, 2013     637,980    
            $ 16,420,420    
Insurance — 4.0%      
Alliant Holdings I, Inc.      
  965,250     Term Loan, 6.76%, Maturing August 21, 2014   $ 666,023    
AmWINS Group, Inc.      
  994,962     Term Loan, 5.39%, Maturing June 8, 2013     726,322    
  500,000     Term Loan - Second Lien, 8.50%, Maturing June 8, 2014     315,000    
Applied Systems, Inc.      
  1,280,659     Term Loan, 6.23%, Maturing September 26, 2013     1,056,544    
CCC Information Services Group, Inc.      
  1,578,926     Term Loan, 6.02%, Maturing February 10, 2013     1,271,035    
Conseco, Inc.      
  3,460,130     Term Loan, 5.00%, Maturing October 10, 2013     2,292,336    
Crawford & Company      
  1,222,000     Term Loan, 6.52%, Maturing October 31, 2013     1,063,140    
Crump Group, Inc.      
  917,637     Term Loan, 6.71%, Maturing August 4, 2014     683,639    
Getty Images, Inc.      
  2,025,000     Term Loan, 8.05%, Maturing July 2, 2015     1,843,763    
Hub International Holdings, Inc.      
  603,960     Term Loan, 6.26%, Maturing June 13, 2014     416,732    
  2,687,609     Term Loan, 6.26%, Maturing June 13, 2014     1,854,450    
U.S.I. Holdings Corp.      
  1,826,875     Term Loan, 6.52%, Maturing May 4, 2014     1,329,052    
            $ 13,518,036    
Leisure Goods / Activities / Movies — 11.6%      
24 Hour Fitness Worldwide, Inc.      
  1,633,125     Term Loan, 6.18%, Maturing June 8, 2012   $ 1,216,678    
AMC Entertainment, Inc.      
  2,818,322     Term Loan, 5.01%, Maturing January 26, 2013     2,161,301    
AMF Bowling Worldwide, Inc.      
  1,000,000     Term Loan - Second Lien, 9.07%, Maturing
December 8, 2013		     575,000    
Bombardier Recreational Products      
  1,822,785     Term Loan, 6.16%, Maturing June 28, 2013     1,262,278    

 

See notes to financial statements
12


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*		   Borrower/Tranche Description   Value  
Leisure Goods / Activities / Movies (continued)      
Butterfly Wendel US, Inc.      
  287,796     Term Loan, 5.63%, Maturing June 22, 2013   $ 220,164    
  287,890     Term Loan, 5.38%, Maturing June 22, 2014     220,236    
Carmike Cinemas, Inc.      
  992,308     Term Loan, 6.31%, Maturing May 19, 2012     796,327    
  789,956     Term Loan, 6.47%, Maturing May 19, 2012     633,940    
Cedar Fair, L.P.      
  1,963,787     Term Loan, 5.12%, Maturing August 30, 2012     1,443,383    
Cinemark, Inc.      
  4,540,709     Term Loan, 4.64%, Maturing October 5, 2013     3,481,212    
Deluxe Entertainment Services      
  1,131,100     Term Loan, 5.67%, Maturing January 28, 2011     904,880    
  109,057     Term Loan, 6.01%, Maturing January 28, 2011     87,246    
  59,055     Term Loan, 6.01%, Maturing January 28, 2011     47,244    
Easton-Bell Sports, Inc.      
  1,273,026     Term Loan, 5.29%, Maturing March 16, 2012     1,008,873    
Fender Musical Instruments Corp.      
  659,429     Term Loan, 5.17%, Maturing June 9, 2014     412,143    
  334,724     Term Loan, 6.02%, Maturing June 9, 2014     209,203    
HRP Myrtle Beach Operations, LLC/HRP Myrtle Beach Capital Corp.      
  5,221     DIP Loan, 18.72%, Maturing March 30, 2010(4)     5,221    
Mega Blocks, Inc.      
  1,596,375     Term Loan, 8.75%, Maturing July 26, 2012     917,916    
Metro-Goldwyn-Mayer Holdings, Inc.      
  7,856,007     Term Loan, 7.01%, Maturing April 8, 2012     3,972,194    
National CineMedia, LLC      
  2,750,000     Term Loan, 4.57%, Maturing February 13, 2015     1,915,834    
Regal Cinemas Corp.      
  5,958,848     Term Loan, 5.26%, Maturing November 10, 2010     4,505,551    
Revolution Studios Distribution Co., LLC      
  1,048,667     Term Loan, 6.87%, Maturing December 21, 2014     870,394    
  800,000     Term Loan, 10.12%, Maturing June 21, 2015     568,000    
Six Flags Theme Parks, Inc.      
  2,110,625     Term Loan, 5.69%, Maturing April 30, 2015     1,382,459    
Southwest Sports Group, LLC      
  1,875,000     Term Loan, 6.31%, Maturing December 22, 2010     1,453,125    
Ticketmaster      
  1,750,000     Term Loan, 6.64%, Maturing July 22, 2014     1,452,500    
Universal City Development Partners, Ltd.      
  1,721,345     Term Loan, 6.68%, Maturing June 9, 2011     1,480,357    
WMG Acquisition Corp.      
  875,000     Revolving Loan, 0.00%, Maturing February 28, 2010(2)     737,188    
  6,104,804     Term Loan, 5.06%, Maturing February 28, 2011     4,944,891    
Zuffa, LLC      
  1,358,459     Term Loan, 5.81%, Maturing June 20, 2016     849,037    
            $ 39,734,775    

 

Principal
Amount*		   Borrower/Tranche Description   Value  
Lodging and Casinos — 3.5%      
Ameristar Casinos, Inc.      
  1,069,750     Term Loan, 5.77%, Maturing November 10, 2012   $ 615,106    
Isle of Capri Casinos, Inc.      
  1,321,507     Term Loan, 5.51%, Maturing November 30, 2013     896,422    
  398,460     Term Loan, 5.51%, Maturing November 30, 2013     270,289    
  528,603     Term Loan, 5.51%, Maturing November 30, 2013     358,569    
LodgeNet Entertainment Corp.      
  2,262,371     Term Loan, 5.77%, Maturing April 4, 2014     1,323,487    
New World Gaming Partners, Ltd.      
  1,013,177     Term Loan, 6.26%, Maturing June 30, 2014     506,589    
  204,167     Term Loan, 6.55%, Maturing June 30, 2014     102,083    
Penn National Gaming, Inc.      
  5,372,900     Term Loan, 5.01%, Maturing October 3, 2012     4,492,341    
Venetian Casino Resort/Las Vegas Sands Inc.      
  862,838     Term Loan, 5.52%, Maturing May 14, 2014     496,347    
  3,416,750     Term Loan, 5.52%, Maturing May 23, 2014     1,965,485    
Wimar OpCo, LLC      
  1,883,308     Term Loan, 7.25%, Maturing January 3, 2012     874,169    
            $ 11,900,887    
Nonferrous Metals / Minerals — 2.3%      
Alpha Natural Resources, LLC      
  815,937     Term Loan, 5.56%, Maturing October 26, 2012   $ 755,762    
Euramax International, Inc.      
  580,533     Term Loan, 8.00%, Maturing June 28, 2012     299,942    
  501,316     Term Loan - Second Lien, 11.50%, Maturing
June 28, 2013		     238,125    
  248,684     Term Loan - Second Lien, 11.50%, Maturing
June 28, 2013		     118,125    
Murray Energy Corp.      
  897,450     Term Loan, 6.94%, Maturing January 28, 2010     780,782    
Noranda Aluminum Acquisition      
  2,230,769     Term Loan, 4.81%, Maturing May 18, 2014     1,784,615    
Novelis, Inc.      
  624,902     Term Loan, 5.77%, Maturing June 28, 2014     446,180    
  1,374,785     Term Loan, 5.77%, Maturing June 28, 2014     981,597    
Oxbow Carbon and Mineral Holdings      
  272,483     Term Loan, 5.76%, Maturing May 8, 2014     197,550    
  3,043,633     Term Loan, 5.76%, Maturing May 8, 2014     2,206,634    
            $ 7,809,312    

 

See notes to financial statements
13


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*		   Borrower/Tranche Description   Value  
Oil and Gas — 2.6%      
Atlas Pipeline Partners, L.P.      
  1,500,000     Term Loan, 5.68%, Maturing July 20, 2014   $ 1,233,750    
Big West Oil, LLC      
  398,750     Term Loan, 5.25%, Maturing May 1, 2014     269,156    
  317,188     Term Loan, 5.25%, Maturing May 1, 2014     214,102    
Dresser, Inc.      
  1,431,601     Term Loan, 5.07%, Maturing May 4, 2014     1,041,938    
  1,000,000     Term Loan - Second Lien, 8.56%, Maturing May 4, 2015     618,333    
Dynegy Holdings, Inc.      
  226,021     Term Loan, 4.62%, Maturing April 2, 2013     167,444    
  2,772,266     Term Loan, 4.62%, Maturing April 2, 2013     2,053,786    
Enterprise GP Holdings, L.P.      
  1,125,000     Term Loan, 6.68%, Maturing October 31, 2014     950,625    
Niska Gas Storage      
  46,882     Term Loan, 4.84%, Maturing May 13, 2011     39,264    
  65,433     Term Loan, 4.84%, Maturing May 13, 2011     54,800    
  96,596     Term Loan, 4.85%, Maturing May 13, 2011     80,899    
  598,227     Term Loan, 4.85%, Maturing May 12, 2013     501,015    
Targa Resources, Inc.      
  1,365,968     Term Loan, 5.14%, Maturing October 31, 2012     1,043,599    
  955,639     Term Loan, 5.97%, Maturing October 31, 2012     730,108    
            $ 8,998,819    
Publishing — 9.6%      
American Media Operations, Inc.      
  4,176,400     Term Loan, 7.56%, Maturing January 31, 2013   $ 2,808,629    
Aster Zweite Beteiligungs GmbH      
  775,000     Term Loan, 6.13%, Maturing September 27, 2013     486,313    
CanWest MediaWorks, Ltd.      
  790,000     Term Loan, 4.81%, Maturing July 10, 2014     564,850    
Dex Media West, LLC      
  2,370,000     Term Loan, 7.54%, Maturing October 24, 2014     1,320,090    
GateHouse Media Operating, Inc.      
  2,078,261     Term Loan, 4.81%, Maturing August 28, 2014     512,638    
  871,739     Term Loan, 4.98%, Maturing August 28, 2014     215,029    
  675,000     Term Loan, 5.07%, Maturing August 28, 2014     312,188    
Idearc, Inc.      
  10,321,460     Term Loan, 5.74%, Maturing November 17, 2014     4,455,434    
Laureate Education, Inc.      
  351,599     Term Loan, 7.00%, Maturing August 17, 2014     251,393    
  2,349,558     Term Loan, 7.00%, Maturing August 17, 2014     1,679,934    
Local Insight Regatta Holdings, Inc.      
  1,695,750     Term Loan, 7.77%, Maturing April 23, 2015     1,401,821    
MediaNews Group, Inc.      
  704,802     Term Loan, 7.07%, Maturing August 2, 2013     370,021    

 

Principal
Amount*		   Borrower/Tranche Description   Value  
Publishing (continued)      
Mediannuaire Holding      
EUR 500,000     Term Loan - Second Lien, 9.38%, Maturing
April 10, 2016		   $ 267,656    
Merrill Communications, LLC      
  1,277,560     Term Loan, 5.98%, Maturing February 9, 2009     830,414    
  1,000,000     Term Loan - Second Lien, 10.22%, Maturing
November 15, 2013		     425,000    
Nebraska Book Co., Inc.      
  1,383,997     Term Loan, 6.38%, Maturing March 4, 2011     1,010,318    
Nelson Education, Ltd.      
  495,000     Term Loan, 6.26%, Maturing July 5, 2014     408,375    
Nielsen Finance, LLC      
  1,786,551     Term Loan, 4.80%, Maturing August 9, 2013     1,302,395    
Philadelphia Newspapers, LLC      
  708,076     Term Loan, 7.25%, Maturing June 29, 2013     212,423    
R.H. Donnelley Corp.      
  2,809,857     Term Loan, 6.85%, Maturing June 30, 2010     1,784,843    
Reader's Digest Association, Inc. (The)      
  3,250,500     Term Loan, 5.23%, Maturing March 2, 2014     1,657,755    
SGS International, Inc.      
  633,572     Term Loan, 6.27%, Maturing December 30, 2011     465,676    
Source Interlink Companies, Inc.      
  1,989,924     Term Loan, 6.47%, Maturing August 1, 2014     1,343,199    
Trader Media Corp.      
GBP 2,334,000     Term Loan, 8.26%, Maturing March 23, 2015     1,943,845    
Tribune Co.      
  1,546,802     Term Loan, 7.08%, Maturing May 17, 2009     1,217,333    
  1,935,388     Term Loan, 6.00%, Maturing May 17, 2014     868,989    
  1,989,950     Term Loan, 6.50%, Maturing May 17, 2014     736,281    
Xsys, Inc.      
  1,856,807     Term Loan, 6.13%, Maturing September 27, 2013     1,165,147    
  1,896,271     Term Loan, 6.13%, Maturing September 27, 2014     1,189,910    
Yell Group, PLC      
  2,600,000     Term Loan, 6.12%, Maturing February 10, 2013     1,794,000    
            $ 33,001,899    
Radio and Television — 6.5%      
Block Communications, Inc.      
  826,625     Term Loan, 5.27%, Maturing December 22, 2011   $ 665,433    
Citadel Broadcasting Corp.      
  1,000,000     Term Loan, 5.07%, Maturing June 12, 2014     545,000    
CMP KC, LLC      
  966,188     Term Loan, 7.81%, Maturing May 5, 2013     628,215    
CMP Susquehanna Corp.      
  1,318,500     Term Loan, 5.17%, Maturing May 5, 2013     593,325    

 

See notes to financial statements
14


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*		   Borrower/Tranche Description   Value  
Radio and Television (continued)      
Emmis Operating Co.      
  776,955     Term Loan, 5.54%, Maturing November 2, 2013   $ 446,749    
Entravision Communications Corp.      
  1,245,500     Term Loan, 6.38%, Maturing September 29, 2013     855,244    
Gray Television, Inc.      
  1,119,576     Term Loan, 5.04%, Maturing January 19, 2015     638,159    
HIT Entertainment, Inc.      
  750,335     Term Loan, 4.80%, Maturing March 20, 2012     468,959    
NEP II, Inc.      
  615,619     Term Loan, 6.01%, Maturing February 16, 2014     452,480    
Nexstar Broadcasting, Inc.      
  1,776,645     Term Loan, 5.51%, Maturing October 1, 2012     1,234,768    
  1,681,269     Term Loan, 5.51%, Maturing October 1, 2012     1,168,482    
NextMedia Operating, Inc.      
  171,626     Term Loan, 7.26%, Maturing November 15, 2012     117,564    
  76,277     Term Loan, 8.28%, Maturing November 15, 2012     52,250    
PanAmSat Corp.      
  2,466,368     Term Loan, 6.65%, Maturing January 3, 2014     2,047,085    
  2,465,623     Term Loan, 6.65%, Maturing January 3, 2014     2,046,467    
  2,465,623     Term Loan, 6.65%, Maturing January 3, 2014     2,046,467    
Paxson Communications Corp.      
  2,500,000     Term Loan, 8.00%, Maturing January 15, 2012     1,387,500    
Raycom TV Broadcasting, LLC      
  875,000     Term Loan, 3.69%, Maturing June 25, 2014     721,875    
SFX Entertainment      
  1,068,618     Term Loan, 7.02%, Maturing June 21, 2013     860,237    
Sirius Satellite Radio, Inc.      
  495,000     Term Loan, 5.44%, Maturing December 19, 2012     297,000    
Tyrol Acquisition 2 SAS      
EUR 800,000     Term Loan, 6.50%, Maturing January 19, 2015     621,980    
EUR 800,000     Term Loan, 7.40%, Maturing January 19, 2016     621,980    
Univision Communications, Inc.      
  3,889,375     Term Loan - Second Lien, 5.50%, Maturing
March 29, 2009		     3,412,927    
Young Broadcasting, Inc.      
  711,113     Term Loan, 6.30%, Maturing November 3, 2012     470,223    
            $ 22,400,369    
Rail Industries — 0.9%      
Kansas City Southern Railway Co.      
  1,979,437     Term Loan, 5.21%, Maturing April 26, 2013   $ 1,712,213    
Rail America, Inc.      
  94,240     Term Loan, 7.88%, Maturing August 14, 2009     84,345    
  1,455,760     Term Loan, 7.88%, Maturing August 13, 2010     1,302,905    
            $ 3,099,463    

 

Principal
Amount*		   Borrower/Tranche Description   Value  
Retailers (Except Food and Drug) — 3.9%      
American Achievement Corp.      
  340,011     Term Loan, 5.07%, Maturing March 25, 2011   $ 306,010    
Amscan Holdings, Inc.      
  492,500     Term Loan, 5.41%, Maturing May 25, 2013     369,375    
Claire's Stores, Inc.      
  345,625     Term Loan, 5.85%, Maturing May 24, 2014     171,516    
Cumberland Farms, Inc.      
  1,536,200     Term Loan, 5.26%, Maturing September 29, 2013     1,267,365    
Educate, Inc.      
  500,000     Term Loan - Second Lien, 6.01%, Maturing June 14, 2014     350,000    
FTD, Inc.      
  1,450,000     Term Loan, 7.85%, Maturing July 31, 2014     1,290,500    
Harbor Freight Tools USA, Inc.      
  684,853     Term Loan, 5.43%, Maturing July 15, 2010     493,095    
Josten's Corp.      
  1,509,741     Term Loan, 5.17%, Maturing October 4, 2011     1,258,747    
Orbitz Worldwide, Inc.      
  1,168,200     Term Loan, 6.39%, Maturing July 25, 2014     750,569    
Oriental Trading Co., Inc.      
  1,125,000     Term Loan - Second Lien, 9.12%, Maturing
January 31, 2013		     468,750    
  2,567,412     Term Loan, 5.25%, Maturing July 31, 2013     1,575,749    
Rover Acquisition Corp.      
  2,210,625     Term Loan, 5.84%, Maturing October 26, 2013     1,664,601    
Savers, Inc.      
  335,787     Term Loan, 6.25%, Maturing August 11, 2012     265,272    
  367,348     Term Loan, 6.25%, Maturing August 11, 2012     290,205    
The Yankee Candle Company, Inc.      
  3,123,519     Term Loan, 5.76%, Maturing February 6, 2014     2,108,375    
Vivarte      
EUR 750,000     Term Loan, 7.20%, Maturing May 29, 2015     416,504    
EUR 750,000     Term Loan, 7.70%, Maturing May 29, 2016     416,504    
            $ 13,463,137    
Steel — 0.7%      
Algoma Acquisition Corp.      
  1,043,448     Term Loan, 5.50%, Maturing June 20, 2013   $ 845,193    
Niagara Corp.      
  2,004,650     Term Loan, 8.50%, Maturing June 29, 2014     1,383,208    
            $ 2,228,401    

 

See notes to financial statements
15


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount*		   Borrower/Tranche Description   Value  
Surface Transport — 0.5%      
Gainey Corp.      
  1,217,425     Term Loan, 7.00%, Maturing April 20, 2012(3)   $ 243,485    
Oshkosh Truck Corp.      
  834,234     Term Loan, 4.50%, Maturing December 6, 2013     581,878    
Ozburn-Hessey Holding Co., LLC      
  484,666     Term Loan, 6.61%, Maturing August 9, 2012     433,776    
Swift Transportation Co., Inc.      
  805,814     Term Loan, 6.06%, Maturing May 10, 2014     467,372    
            $ 1,726,511    
Telecommunications — 7.5%      
Alaska Communications Systems Holdings, Inc.      
  985,347     Term Loan, 5.51%, Maturing February 1, 2012   $ 806,342    
Alltell Communication      
  1,488,722     Term Loan, 5.32%, Maturing May 16, 2014     1,420,985    
  3,128,450     Term Loan, 5.50%, Maturing May 16, 2015     2,994,515    
Asurion Corp.      
  1,900,000     Term Loan, 6.06%, Maturing July 13, 2012     1,421,833    
  1,000,000     Term Loan - Second Lien, 10.84%, Maturing
January 13, 2013		     673,333    
Centennial Cellular Operating Co., LLC      
  4,445,833     Term Loan, 5.64%, Maturing February 9, 2011     3,823,417    
CommScope, Inc.      
  2,128,161     Term Loan, 6.10%, Maturing November 19, 2014     1,638,684    
FairPoint Communications, Inc.      
  4,425,000     Term Loan, 5.75%, Maturing March 31, 2015     3,125,156    
Intelsat Subsidiary Holding Co.      
  955,500     Term Loan, 6.65%, Maturing July 3, 2013     791,871    
Iowa Telecommunications Services      
  1,616,000     Term Loan, 5.40%, Maturing November 23, 2011     1,296,840    
IPC Systems, Inc.      
  1,086,250     Term Loan, 6.01%, Maturing May 31, 2014     562,134    
  500,000     Term Loan - Second Lien, 9.01%, Maturing
May 31, 2015		     210,000    
Macquarie UK Broadcast Ventures, Ltd.      
GBP 754,894     Term Loan, 7.67%, Maturing December 26, 2014     952,169    
NTelos, Inc.      
  1,162,789     Term Loan, 5.37%, Maturing August 24, 2011     1,000,967    
Palm, Inc.      
  767,250     Term Loan, 7.27%, Maturing April 24, 2014     429,660    
Stratos Global Corp.      
  987,000     Term Loan, 6.26%, Maturing February 13, 2012     814,275    
Telesat Canada, Inc.      
  598,402     Term Loan, 6.34%, Maturing October 22, 2014     458,276    
  51,395     Term Loan, 6.59%, Maturing October 22, 2014     39,360    

 

Principal
Amount*		   Borrower/Tranche Description   Value  
Telecommunications (continued)      
Trilogy International Partners      
  850,000     Term Loan, 7.26%, Maturing June 29, 2012   $ 514,250    
Windstream Corp.      
  3,051,282     Term Loan, 6.05%, Maturing July 17, 2013     2,667,202    
            $ 25,641,269    
Utilities — 1.7%      
AEI Finance Holding, LLC      
  269,751     Revolving Loan, 5.66%, Maturing March 30, 2012   $ 179,385    
  1,945,293     Term Loan, 6.76%, Maturing March 30, 2014     1,293,620    
Astoria Generating Co.      
  1,000,000     Term Loan - Second Lien, 6.96%, Maturing
August 23, 2013		     777,500    
BRSP, LLC      
  1,721,685     Term Loan, 5.86%, Maturing July 13, 2009     1,229,972    
Electricinvest Holding Co.      
EUR 476,616     Term Loan, 8.94%, Maturing October 24, 2012     481,421    
GBP 480,000     Term Loan, 10.10%, Maturing October 24, 2012     612,197    
Pike Electric, Inc.      
  146,240     Term Loan, 6.13%, Maturing July 1, 2012     137,466    
  339,771     Term Loan, 5.81%, Maturing December 10, 2012     319,385    
TXU Texas Competitive Electric Holdings Co., LLC      
  340,241     Term Loan, 6.44%, Maturing October 10, 2014     265,643    
  833,962     Term Loan, 6.66%, Maturing October 10, 2014     654,197    
            $ 5,950,786    
Total Senior Floating-Rate Interests
(identified cost $791,292,149)		   $ 571,022,131    
Corporate Bonds & Notes — 9.8%      
Principal
Amount
(000's omitted)		   Security   Value  
Aerospace and Defense — 0.1%      
Alion Science and Technologies Corp.      
$ 145     10.25%, 2/1/15   $ 80,475    
DRS Technologies, Inc., Sr. Sub. Notes      
  80     7.625%, 2/1/18     79,600    
Hawker Beechcraft Acquisition      
  175     9.75%, 4/1/17     98,875    
Vought Aircraft Industries, Inc., Sr. Notes      
  85     8.00%, 7/15/11     64,175    
            $ 323,125    

 

See notes to financial statements
16


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount
(000's omitted)		   Security   Value  
Air Transport — 0.0%      
Continental Airlines      
$ 209     7.033%, 6/15/11   $ 142,431    
            $ 142,431    
Automotive — 0.1%      
Altra Industrial Motion, Inc.      
$ 335     9.00%, 12/1/11   $ 303,175    
American Axle & Manufacturing, Inc.      
  135     7.875%, 3/1/17     42,525    
Commercial Vehicle Group, Inc., Sr. Notes      
  100     8.00%, 7/1/13     64,500    
General Motors Corp., Sr. Notes      
  95     7.20%, 1/15/11     38,712    
Tenneco, Inc., Sr. Notes      
  40     8.125%, 11/15/15     21,000    
            $ 469,912    
Broadcast Radio and Television — 0.0%      
Warner Music Group, Sr. Sub. Notes      
$ 85     7.375%, 4/15/14   $ 53,125    
            $ 53,125    
Brokers / Dealers / Investment Houses — 0.0%      
Nuveen Investments, Inc., Sr. Notes      
$ 115     10.50%, 11/15/15(6)   $ 31,625    
            $ 31,625    
Building and Development — 0.6%      
Grohe Holding of GmbH, Variable Rate,      
EUR 2,000     8.193%, 1/15/14   $ 1,414,750    
Panolam Industries International, Sr. Sub. Notes      
$ 425     10.75%, 10/1/13     257,125    
Ply Gem Industries, Inc., Sr. Notes      
  240     11.75%, 6/15/13(6)     159,600    
Texas Industries Inc., Sr. Notes      
  115     7.25%, 7/15/13(6)     90,850    
            $ 1,922,325    

 

Principal
Amount
(000's omitted)		   Security   Value  
Business Equipment and Services — 0.4%      
Affinion Group, Inc.      
$ 95     10.125%, 10/15/13   $ 66,975    
  205     11.50%, 10/15/15     124,025    
Ceridian Corp., Sr. Notes      
  275     11.25%, 11/15/15(6)     171,875    
Education Management, LLC, Sr. Notes      
  415     8.75%, 6/1/14     305,025    
MediMedia USA, Inc., Sr. Sub. Notes      
  170     11.375%, 11/15/14(6)     136,850    
Travelport, LLC      
  380     9.875%, 9/1/14     182,400    
  30     11.875%, 9/1/16     12,150    
West Corp.      
  380     9.50%, 10/15/14     209,000    
            $ 1,208,300    
Cable and Satellite Television — 0.1%      
Cablevision Systems Corp., Sr. Notes, Series B      
$ 140     8.00%, 4/15/12   $ 118,475    
Kabel Deutschland GmbH      
  190     10.625%, 7/1/14     160,550    
Mediacom Broadband Group Corp., LLC, Sr. Notes      
  120     8.50%, 10/15/15     89,400    
National Cable PLC      
  40     8.75%, 4/15/14     28,200    
            $ 396,625    
Chemicals and Plastics — 0.2%      
CII Carbon, LLC      
$ 185     11.125%, 11/15/15(6)   $ 171,125    
Nova Chemicals Corp., Sr. Notes, Variable Rate      
  195     5.953%, 11/15/13     131,625    
Reichhold Industries, Inc., Sr. Notes      
  445     9.00%, 8/15/14(6)     389,375    
Solo Cup Co.      
  25     8.50%, 2/15/14     16,875    
            $ 709,000    
Clothing / Textiles — 0.4%      
Levi Strauss & Co., Sr. Notes      
$ 535     9.75%, 1/15/15   $ 377,175    
  75     8.875%, 4/1/16     49,500    

 

See notes to financial statements
17


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount
(000's omitted)		   Security   Value  
Clothing / Textiles (continued)      
Oxford Industries, Inc., Sr. Notes      
$ 790     8.875%, 6/1/11   $ 651,750    
Perry Ellis International, Inc., Sr. Sub. Notes      
  360     8.875%, 9/15/13     279,000    
            $ 1,357,425    
Commercial Services — 0.1%      
Environmental System Products Holdings, Inc., Jr. Notes (PIK)      
$ 3,366     18.00%, 3/31/15(4)   $ 269,280    
            $ 269,280    
Conglomerates — 0.1%      
RBS Global & Rexnord Corp.      
$ 175     9.50%, 8/1/14   $ 121,625    
  155     11.75%, 8/1/16     102,300    
            $ 223,925    
Containers and Glass Products — 0.9%      
Berry Plastics Corp., Sr. Notes, Variable Rate      
$ 2,000     9.503%, 2/15/15   $ 1,510,000    
Intertape Polymer US, Inc., Sr. Sub. Notes      
  310     8.50%, 8/1/14     249,550    
Pliant Corp. (PIK)      
  1,438     11.625%, 6/15/09     1,007,670    
Smurfit-Stone Container Enterprises, Inc., Sr. Notes      
  425     8.00%, 3/15/17     210,375    
Stone Container Corp., Sr. Notes      
  80     8.375%, 7/1/12     41,200    
            $ 3,018,795    
Ecological Services and Equipment — 0.1%      
Waste Services, Inc., Sr. Sub. Notes      
$ 440     9.50%, 4/15/14   $ 354,200    
            $ 354,200    
Electronics / Electrical — 0.3%      
Advanced Micro Devices, Inc., Sr. Notes      
$ 220     7.75%, 11/1/12   $ 139,150    
Amkor Technologies, Inc., Sr. Notes      
  40     7.125%, 3/15/11     29,550    
  50     7.75%, 5/15/13     31,188    
  190     9.25%, 6/1/16     114,000    

 

Principal
Amount
(000's omitted)		   Security   Value  
Avago Technologies Finance      
$ 170     10.125%, 12/1/13   $ 143,650    
  215     11.875%, 12/1/15     175,225    
First Data Corp.      
  230     9.875%, 9/24/15     148,350    
NXP BV/NXP Funding, LLC, Variable Rate      
  775     7.503%, 10/15/13     343,906    
            $ 1,125,019    
Equipment Leasing — 0.0%      
Hertz Corp.      
$ 25     8.875%, 1/1/14   $ 18,375    
            $ 18,375    
Financial Intermediaries — 0.4%      
Ford Motor Credit Co.      
$ 345     7.375%, 10/28/09   $ 286,446    
Ford Motor Credit Co., Sr. Notes      
  440     5.70%, 1/15/10     326,693    
  415     7.875%, 6/15/10     278,922    
  15     9.875%, 8/10/11     9,457    
  480     12.00%, 5/15/15     305,134    
General Motors Acceptance Corp., Variable Rate      
  110     4.054%, 5/15/09     95,867    
            $ 1,302,519    
Food Products — 0.1%      
ASG Consolidated, LLC/ASG Finance, Inc., Sr. Disc. Notes      
$ 520     11.50%, (0.00% until 11/1/08), 11/1/11   $ 452,400    
            $ 452,400    
Food Service — 0.2%      
Aramark Services, Inc.      
$ 135     8.50%, 2/1/15   $ 116,100    
El Pollo Loco, Inc.      
  370     11.75%, 11/15/13     305,250    
NPC International, Inc., Sr. Sub. Notes      
  340     9.50%, 5/1/14     212,500    
            $ 633,850    

 

See notes to financial statements
18


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount
(000's omitted)		   Security   Value  
Food / Drug Retailers — 0.2%      
General Nutrition Center, Sr. Notes, Variable Rate (PIK)      
$ 665     7.584%, 3/15/14   $ 415,625    
General Nutrition Center, Sr. Sub. Notes      
  385     10.75%, 3/15/15     240,625    
            $ 656,250    
Forest Products — 0.3%      
Georgia-Pacific Corp.      
$ 5     9.50%, 12/1/11   $ 4,300    
Jefferson Smurfit Corp., Sr. Notes      
  200     8.25%, 10/1/12     103,000    
  75     7.50%, 6/1/13     37,875    
NewPage Corp.      
  520     10.00%, 5/1/12     356,200    
  345     12.00%, 5/1/13     205,275    
NewPage Corp., Variable Rate      
  135     9.051%, 5/1/12     95,175    
Verso Paper Holdings, LLC/Verso Paper, Inc.      
  265     11.375%, 8/1/16     107,325    
            $ 909,150    
Healthcare — 0.8%      
Accellent, Inc.      
$ 285     10.50%, 12/1/13   $ 212,325    
Advanced Medical Optics, Inc., Sr. Sub. Notes      
  70     7.50%, 5/1/17     46,550    
AMR HoldCo, Inc./EmCare HoldCo, Inc., Sr. Sub. Notes      
  325     10.00%, 2/15/15     313,625    
DJO Finance, LLC/DJO Finance Corp.      
  190     10.875%, 11/15/14     153,900    
HCA, Inc.      
  135     9.125%, 11/15/14     116,437    
  395     9.25%, 11/15/16     336,737    
MultiPlan Inc., Sr. Sub. Notes      
  485     10.375%, 4/15/16(6)     448,625    
National Mentor Holdings, Inc.      
  315     11.25%, 7/1/14     291,375    
Res-Care, Inc., Sr. Notes      
  195     7.75%, 10/15/13     176,475    
US Oncology, Inc.      
  265     9.00%, 8/15/12     221,275    
  515     10.75%, 8/15/14     404,275    
            $ 2,721,599    

 

Principal
Amount
(000's omitted)		   Security   Value  
Home Furnishings — 0.0%      
Interline Brands, Inc., Sr. Sub. Notes      
$ 115     8.125%, 6/15/14   $ 89,125    
            $ 89,125    
Industrial Equipment — 0.1%      
Chart Industries, Inc., Sr. Sub. Notes      
$ 195     9.125%, 10/15/15   $ 162,825    
ESCO Corp., Sr. Notes      
  145     8.625%, 12/15/13(6)     116,725    
ESCO Corp., Sr. Notes, Variable Rate      
  145     6.694%, 12/15/13(6)     110,925    
            $ 390,475    
Insurance — 0.0%      
Alliant Holdings I, Inc.      
$ 100     11.00%, 5/1/15(6)   $ 81,500    
            $ 81,500    
Leisure Goods / Activities / Movies — 0.3%      
Bombardier, Inc., Sr. Notes      
$ 130     8.00%, 11/15/14(6)   $ 111,800    
HRP Myrtle Beach Operations, LLC/HRP Myrtle Beach Capital Corp.      
  195     12.50%, 4/1/13(3)(6)     39,000    
HRP Myrtle Beach Operations, LLC/
HRP Myrtle Beach Capital Corp., Variable Rate		      
  360     0.00%, 4/1/12(3)(6)     162,900    
Marquee Holdings, Inc., Sr. Disc. Notes      
  665     9.505%, 8/15/14     402,325    
Royal Caribbean Cruises, Sr. Notes      
  95     7.00%, 6/15/13     66,500    
  35     6.875%, 12/1/13     23,625    
  25     7.25%, 6/15/16     16,125    
  50     7.25%, 3/15/18     32,250    
Ticketmaster, Sr. Notes      
  185     10.75%, 8/1/16(6)     156,325    
Universal City Development Partners, Sr. Notes      
  240     11.75%, 4/1/10     192,600    
            $ 1,203,450    
Lodging and Casinos — 0.9%      
Buffalo Thunder Development Authority      
$ 480     9.375%, 12/15/14(6)   $ 170,400    
CCM Merger, Inc.      
  325     8.00%, 8/1/13(6)     193,375    

 

See notes to financial statements
19


Eaton Vance Senior Floating-Rate Trust as of October 31, 2008

PORTFOLIO OF INVESTMENTS CONT'D

Principal
Amount
(000's omitted)		   Security   Value  
Lodging and Casinos (continued)      
Chukchansi EDA, Sr. Notes, Variable Rate      
$ 280     6.328%, 11/15/12(6)   $ 149,800    
Fontainebleau Las Vegas Casino, LLC      
  485     10.25%, 6/15/15(6)     67,900    
Galaxy Entertainment Finance      
  300     9.875%, 12/15/12(6)     115,500    
Greektown Holdings, LLC, Sr. Notes      
  95     10.75%, 12/1/13(3)(6)     20,900    
Host Hotels and Resorts, LP, Sr. Notes      
  240     6.75%, 6/1/16     175,200    
Indianapolis Downs, LLC & Capital Corp., Sr. Notes      
  165     11.00%, 11/1/12(6)     83,325    
Inn of the Mountain Gods, Sr. Notes      
  500     12.00%, 11/15/10     222,500    
Majestic HoldCo, LLC      
  140     12.50%, 10/15/11(6)     875    
MGM Mirage, Inc.      
  20     7.50%, 6/1/16     11,900    
Mohegan Tribal Gaming Authority, Sr. Sub. Notes      
  140     8.00%, 4/1/12     103,600    
  215     7.125%, 8/15/14     130,075    
  230     6.875%, 2/15/15     134,550    
OED Corp./Diamond Jo, LLC      
  475     8.75%, 4/15/12     331,312    
Pinnacle Entertainment, Inc., Sr. Sub. Notes      
  25     8.25%, 3/15/12     17,437    
  140     7.50%, 6/15/15     88,200    
Pokagon Gaming Authority, Sr. Notes      
  102     10.375%, 6/15/14(6)     93,330    
San Pasqual Casino      
  110     8.00%, 9/15/13(6)     85,250    
Scientific Games Corp.      
  60     7.875%, 6/15/16(6)     46,200    
Seminole Hard Rock Entertainment, Variable Rate      
  175     5.319%, 3/15/14(6)     116,375    
Trump Entertainment Resorts, Inc.      
  70     8.50%, 6/1/15(3)     18,375    
Tunica-Biloxi Gaming Authority, Sr. Notes