Eaton Vance Senior Floating-Rate Trust

 

 

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)

 

 

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

 

 

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

 

 

(617) 482-8260

(Registrant’s Telephone Number)

October 31

Date of Fiscal Year End

October 31, 2014

Date of Reporting Period

 

 

 


Item 1. Reports to Stockholders


LOGO

 

 

Eaton Vance

Senior Floating-Rate Trust (EFR)

Annual Report

October 31, 2014

 

 

 

 

LOGO


 

 

Commodity Futures Trading Commission Registration. Effective December 31, 2012, the Commodity Futures Trading Commission (“CFTC”) adopted certain regulatory changes that subject registered investment companies and advisers to regulation by the CFTC if a fund invests more than a prescribed level of its assets in certain CFTC-regulated instruments (including futures, certain options and swap agreements) or markets itself as providing investment exposure to such instruments. The Fund has claimed an exclusion from the definition of the term “commodity pool operator” under the Commodity Exchange Act. Accordingly, neither the Fund nor the adviser with respect to the operation of the Fund is subject to CFTC regulation. Because of its management of other strategies, the Fund’s adviser is registered with the CFTC as a commodity pool operator and a commodity trading advisor.

Fund 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.


Annual Report October 31, 2014

Eaton Vance

Senior Floating-Rate Trust

Table of Contents

 

Management’s Discussion of Fund Performance

     2   

Performance

     3   

Fund Profile

     4   

Endnotes and Additional Disclosures

     5   

Financial Statements

     6   

Report of Independent Registered Public Accounting Firm

     43   

Federal Tax Information

     44   

Annual Meeting of Shareholders

     45   

Dividend Reinvestment Plan

     46   

Management and Organization

     48   

Important Notices

     51   


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Management’s Discussion of Fund Performance1

 

 

Economic and Market Conditions

The U.S. floating-rate loan market began the 12-month period ended October 31, 2014 on strong footing, as robust new issue supply was overcome by investor demand amid strong appetite for risk and a global search for yield. Aside from brief bouts of weakness in technical conditions in February and April, overall market tone was generally firm for the first seven months of the period, with total demand exceeding the supply of net new issuance by a meaningful margin.

Halfway through the period, on April 29, Energy Future Holdings (“EFH”, formerly TXU Corp.) filed for bankruptcy. The Fund did not hold a position in EFH at the time of default. Following this and amid an increasing number of negative headlines surrounding the asset class, retail investor demand began to wane, turning net negative after nearly two straight years of positive demand. Sluggish technical conditions followed, modestly weighing on loan prices in the final stretch of the period.

Overall, the S&P/LSTA Leveraged Loan Index2 (the
Index) — a broad barometer of the loan market — returned 3.36% for the 12-month period. Returns were comprised mainly of interest income. Lower-quality loans outpaced their higher-quality counterparts; loans rated BB, B, CCC and D (defaulted)
7 returned 2.40%, 3.49%, 8.41% and 15.10%, respectively, for the period.

EFH’s Chapter 11 bankruptcy filing caused the Index default rate to spike to 3.3% on a trailing 12-month basis as of October 31, 2014. Excluding EFH, however, the Index’s trailing 12-month default rate was a scant 0.25%, well below the market’s 10-year average of 2.5%, according to Standard & Poor’s Leveraged Commentary & Data (S&P/LCD).

Fund Performance

For the fiscal year ended October 31, 2014, Eaton Vance Senior Floating-Rate Trust (the Fund) at net asset value (NAV) had a total return of 3.60%. By comparison, the Fund’s benchmark, the S&P/LSTA Leveraged Loan Index (the Index), returned 3.36% for the period.

During the period, the Fund maintained portfolio quality at a level consistent with management’s views on appropriate credit risk. In contrast, the Index descended in credit quality over the 12-month period, with lower-quality issuers

awarded higher returns. As a result of the Fund’s historical positioning toward higher-quality credit tiers relative to the Index, the Fund’s underweighting to segments rated CCC and D (defaulted) and overweighting to loans rated BB detracted from performance relative to the Index for the year.

Among individual holdings, the Fund had underweight or no exposure to a number of high-beta9, lower-quality Index names that rallied significantly during the period, namely EFH, Cengage Learning, Avaya and SuperMedia. This detracted from performance relative to the Index. Out-of-Index Fund holdings in Vivarte, Media Holdco and IAP Worldwide Services also detracted from performance relative to the Index, as these issuers underperformed the overall loan market.

On the positive side, heavier-than-Index Fund holdings in Getty Images, Dell and MediaNews Group aided Fund performance relative to the Index, as these names outperformed the loan market at large. Meanwhile, underweight or no exposure in Gymboree, Ocean Rig and Templar Energy also helped the Fund’s performance versus the Index, as these issuers trailed the overall loan market.

Exposure to high-yield bonds and the employment of investment leverage bolstered Fund results relative to the Index. High-yield bonds generally outperformed loans during the period, while leverage amplified the positive returns of the Fund’s underlying assets. By comparison, the Index does not include high-yields bonds and is unlevered.

In terms of industry weightings, underweight exposure to the utilities sector — which outpaced the overall market — was the biggest detractor from results relative to the Index. In contrast, exposures to the air transport, lodging and casinos, health care and insurance sectors aided performance relative to the Index.

 

 

See Endnotes and Additional Disclosures in this report.

Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance less than one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as of the most recent month-end, please refer to eatonvance.com.

 

  2  


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Performance2,3

 

Portfolio Managers Scott H. Page, CFA, Craig P. Russ and Peter M. Campo, CFA

 

% Average Annual Total Returns    Inception Date      One Year      Five Years      Ten Years  

Fund at NAV

     11/28/2003         3.60      9.58      5.64

Fund at Market Price

             –4.99         8.86         4.21   

S&P/LSTA Leveraged Loan Index

             3.36      6.40      5.07
           
% Premium/Discount to NAV4                                
              –8.35
           
Distributions5                                

Total Distributions per share for the period

            $ 0.987   

Distribution Rate at NAV

              6.11

Distribution Rate at Market Price

              6.66
           
% Total Leverage6                                

Auction Preferred Shares (APS)

              14.49

Borrowings

              23.18   

 

See Endnotes and Additional Disclosures in this report.

Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested and includes management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance less than one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as of the most recent month-end, please refer to eatonvance.com.

 

  3  


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Fund Profile

 

 

Top 10 Issuers (% of total investments)8       

Asurion LLC

    1.1

Dell Inc.

    0.9   

H.J. Heinz Company

    0.9   

Intelsat Jackson Holdings S.A.

    0.8   

Community Health Systems, Inc.

    0.8   

Laureate Education, Inc.

    0.8   

MEG Energy Corp.

    0.8   

Valeant Pharmaceuticals International, Inc.

    0.8   

Chrysler Group LLC

    0.8   

First Data Corporation

    0.7   

Total

    8.4
Top 10 Sectors (% of total investments)8       

Health Care

    9.9

Business Equipment and Services

    8.0   

Electronics/Electrical

    7.2   

Retailers (Except Food and Drug)

    5.8   

Chemicals and Plastics

    5.0   

Food Products

    4.9   

Oil and Gas

    4.3   

Financial Intermediaries

    4.0   

Lodging and Casinos

    3.7   

Automotive

    3.7   

Total

    56.5
 

 

Credit Quality (% of bond and loan holdings)7

 

 

LOGO

 

 

 

See Endnotes and Additional Disclosures in this report.

 

  4  


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Endnotes and Additional Disclosures

 

 

1 

The views expressed in this report are those of the portfolio manager(s) and are current only through the date stated at the top of this page. These views are subject to change at any time based upon market or other conditions, and Eaton Vance and the Fund(s) disclaim any responsibility to update such views. These views may not be relied upon as investment advice and, because investment decisions are based on many factors, may not be relied upon as an indication of trading intent on behalf of any Eaton Vance fund. This commentary may contain statements that are not historical facts, referred to as “forward looking statements”. The Fund’s actual future results may differ significantly from those stated in any forward looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of Fund shares, the continuation of investment advisory, administrative and service contracts, and other risks discussed from time to time in the Fund’s filings with the Securities and Exchange Commission.

 

2 

S&P/LSTA Leveraged Loan Index is an unmanaged index of the institutional leveraged loan market. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index.

 

3 

Performance results reflect the effects of leverage. The Fund’s performance for certain periods reflects the effects of expense reductions. Absent these reductions, performance would have been lower. Performance since inception for an index, if presented, is the performance since the Fund’s or oldest share class’ inception, as applicable.

 

4 

The shares of the Fund often trade at a discount or premium from their net asset value. The discount or premium of the Fund may vary over time and may be higher or lower than what is quoted in this report. For up-to-date premium/discount information, please refer to http://eatonvance.com/closedend.

 

5 

The Distribution Rate is based on the Fund’s last regular distribution per share in the period (annualized) divided by the Fund’s NAV or market price at the end of the period. The Fund’s distributions may be comprised of amounts characterized for federal income tax purposes as tax-exempt income, qualified and non-qualified ordinary dividends, capital gains and nondividend distributions, also known as return of capital. The Fund will determine the federal income tax character of distributions paid to a shareholder after the end of the calendar year. This is reported on the IRS form 1099-DIV and provided to the shareholder shortly after each year-end. For information about the tax character of distributions made in prior calendar years, please refer to Performance-Tax Character of Distributions on the Fund’s webpage available at www.eatonvance.com. The Fund’s distributions are determined by the investment adviser based on its current assessment of the Fund’s long-term return potential. As portfolio and market conditions change, the rate of distributions paid by the Fund could change.

6 

Leverage represents the liquidation value of the Fund’s APS and borrowings outstanding as a percentage of Fund net assets applicable to common shares plus APS and borrowings outstanding. Use of leverage creates an opportunity for income, but creates risks including greater price volatility. The cost of leverage rises and falls with changes in short-term interest rates. The Fund may be required to maintain prescribed asset coverage for its leverage and may be required to reduce its leverage at an inopportune time.

 

7 

Ratings are based on Moody’s, S&P or Fitch, as applicable. If securities are rated differently by the ratings agencies, the higher rating is applied. Ratings, which are subject to change, apply to the creditworthiness of the issuers of the underlying securities and not to the Fund or its shares. Credit ratings measure the quality of a bond based on the issuer’s creditworthiness, with ratings ranging from AAA, being the highest, to D, being the lowest based on S&P’s measures. Ratings of BBB or higher by S&P or Fitch (Baa or higher by Moody’s) are considered to be investment-grade quality. Credit ratings are based largely on the ratings agency’s analysis at the time of rating. The rating assigned to any particular security is not necessarily a reflection of the issuer’s current financial condition and does not necessarily reflect its assessment of the volatility of a security’s market value or of the liquidity of an investment in the security. Holdings designated as “Not Rated” are not rated by the national ratings agencies stated above.

 

8 

Excludes cash and cash equivalents.

 

9 

Beta is a measure of risk that shows a fund or strategies volatility relative to that fund’s stated benchmark. A fund or strategy with a beta of 1 performed exactly like the market index; a beta less than 1 means its performance was less volatile than the index, positive or negative.

 

   Fund profile subject to change due to active management.
 

 

  5  


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Portfolio of Investments

 

 

Senior Floating-Rate Interests — 141.4%(1)   
     
Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Aerospace and Defense — 2.0%

  

Atlantic Aviation FBO Inc.

     

Term Loan, 3.25%, Maturing June 1, 2020

      668      $ 659,680   

DAE Aviation Holdings, Inc.

     

Term Loan, 5.00%, Maturing November 2, 2018

      674        674,343   

Ducommun Incorporated

     

Term Loan, 4.75%, Maturing June 28, 2017

      739        738,550   

IAP Worldwide Services, Inc.

     

Revolving Loan, Maturing July 18, 2018(2)

      311        311,232   

Term Loan - Second Lien, 8.00%, Maturing July 18,
2019(3)

      430        343,658   

Silver II US Holdings, LLC

     

Term Loan, 4.00%, Maturing December 13, 2019

      1,862        1,825,225   

Standard Aero Limited

     

Term Loan, 5.00%, Maturing November 2, 2018

      306        305,702   

Transdigm, Inc.

     

Term Loan, 3.75%, Maturing February 28, 2020

      4,747        4,678,743   

Term Loan, 3.75%, Maturing June 4, 2021

      1,820        1,795,028   
                     
  $ 11,332,161   
                     

Automotive — 5.7%

  

Affinia Group Intermediate Holdings Inc.

     

Term Loan, 4.75%, Maturing April 27, 2020

      1,262      $ 1,257,281   

Allison Transmission, Inc.

     

Term Loan, 3.75%, Maturing August 23, 2019

      2,813        2,795,699   

Chrysler Group LLC

     

Term Loan, 3.50%, Maturing May 24, 2017

      4,899        4,878,945   

Term Loan, 3.25%, Maturing December 31, 2018

      2,090        2,073,177   

CS Intermediate Holdco 2 LLC

     

Term Loan, 4.00%, Maturing April 4, 2021

      648        642,702   

Dayco Products, LLC

     

Term Loan, 5.25%, Maturing December 12, 2019

      995        995,622   

Federal-Mogul Holdings Corporation

     

Term Loan, 4.75%, Maturing April 15, 2021

      3,915        3,896,156   

Goodyear Tire & Rubber Company (The)

     

Term Loan - Second Lien, 4.75%, Maturing April 30, 2019

      6,650        6,674,937   

INA Beteiligungsgesellschaft GmbH

     

Term Loan, Maturing May 15,
2020(2)

      1,025        1,014,750   

MPG Holdco I Inc.

     

Term Loan, 4.50%, Maturing October 20, 2021

      2,675        2,672,493   

TI Group Automotive Systems, LLC

     

Term Loan, 4.25%, Maturing July 2, 2021

      848        841,516   
Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Automotive (continued)

  

Tower Automotive Holdings USA, LLC

     

Term Loan, 4.00%, Maturing April 23, 2020

      788      $ 779,518   

Veyance Technologies, Inc.

     

Term Loan, 5.25%, Maturing September 8, 2017

      2,663        2,654,429   

Visteon Corporation

     

Term Loan, 3.50%, Maturing April 9, 2021

      1,072        1,061,589   
                     
  $ 32,238,814   
                     

Beverage and Tobacco — 0.3%

  

Flavors Holdings Inc.

     

Term Loan, 6.75%, Maturing April 3, 2020

      800      $ 774,000   

Term Loan - Second Lien, 11.00%, Maturing October 3, 2021

      1,000        965,000   
                     
  $ 1,739,000   
                     

Brokerage / Securities Dealers / Investment Houses — 0.1%

  

American Beacon Advisors, Inc.

     

Term Loan, 4.75%, Maturing November 22, 2019

      429      $ 428,369   
                     
  $ 428,369   
                     

Building and Development — 1.4%

  

ABC Supply Co., Inc.

     

Term Loan, 3.50%, Maturing April 16, 2020

      1,262      $ 1,235,585   

CPG International Inc.

     

Term Loan, 4.75%, Maturing September 30, 2020

      619        615,656   

Gates Global, Inc.

     

Term Loan, 4.25%, Maturing July 5, 2021

      1,500        1,485,402   

Quikrete Holdings, Inc.

     

Term Loan, 4.00%, Maturing September 28, 2020

      928        919,933   

RE/MAX International, Inc.

     

Term Loan, 4.00%, Maturing July 31, 2020

      1,571        1,549,068   

Realogy Corporation

     

Term Loan, 3.75%, Maturing March 5, 2020

      985        975,944   

Summit Materials Companies I, LLC

     

Term Loan, 5.00%, Maturing January 30, 2019

      464        465,140   

WireCo WorldGroup, Inc.

     

Term Loan, 6.00%, Maturing February 15, 2017

      607        608,787   
                     
  $ 7,855,515   
                     

Business Equipment and Services — 12.7%

  

Acosta Holdco, Inc.

     

Term Loan, 5.00%, Maturing September 26, 2021

      3,350      $ 3,353,477   
 

 

  6   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Business Equipment and Services (continued)

  

Altisource Solutions S.a.r.l.

     

Term Loan, 4.50%, Maturing December 9, 2020

      2,328      $ 2,095,065   

AVSC Holding Corp.

     

Term Loan, 4.50%, Maturing January 24, 2021

      423        420,937   

BakerCorp International, Inc.

     

Term Loan, 4.25%, Maturing February 14, 2020

      1,302        1,265,296   

Brickman Group Ltd. LLC

     

Term Loan, 4.00%, Maturing December 18, 2020

      819        805,128   

Brock Holdings III, Inc.

     

Term Loan, 6.00%, Maturing March 16, 2017

      1,048        1,031,369   

CCC Information Services, Inc.

     

Term Loan, 4.00%, Maturing December 20, 2019

      418        411,689   

Ceridian LLC

     

Term Loan, 4.12%, Maturing May 9, 2017

      593        592,881   

Term Loan, 4.50%, Maturing September 15, 2020

      618        613,921   

ClientLogic Corporation

     

Term Loan, 7.48%, Maturing January 30, 2017

      1,567        1,519,701   

Corporate Capital Trust, Inc.

     

Term Loan, 4.00%, Maturing May 15, 2019

      945        945,817   

CPM Acquisition Corp.

     

Term Loan, 6.25%, Maturing August 29, 2017

      471        470,900   

Term Loan - Second Lien, 10.25%, Maturing March 1, 2018

      1,000        1,015,000   

Crossmark Holdings, Inc.

     

Term Loan, 4.50%, Maturing December 20, 2019

      469        458,675   

Education Management LLC

     

Term Loan, 9.25%, Maturing March 29, 2018(8)

      2,069        941,180   

EIG Investors Corp.

     

Term Loan, 5.00%, Maturing November 9, 2019

      2,386        2,385,900   

Emdeon Business Services, LLC

     

Term Loan, 3.75%, Maturing November 2, 2018

      1,419        1,408,285   

Expert Global Solutions, Inc.

     

Term Loan, 8.50%, Maturing April 3, 2018

      643        642,319   

Extreme Reach, Inc.

     

Term Loan, 6.75%, Maturing February 10, 2020

      739        740,680   

Garda World Security Corporation

     

Term Loan, 3.98%, Maturing November 6, 2020

  CAD     1,358        1,178,885   

Term Loan, 4.00%, Maturing November 6, 2020

      111        108,560   

Term Loan, 4.00%, Maturing November 6, 2020

      434        424,370   

Genpact International, Inc.

     

Term Loan, 3.50%, Maturing August 30, 2019

      1,572        1,568,170   

IG Investment Holdings, LLC

     

Term Loan, 5.25%, Maturing October 31, 2019

      1,406        1,405,052   

IMS Health Incorporated

     

Term Loan, 3.50%, Maturing March 17, 2021

      1,957        1,934,090   
Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Business Equipment and Services (continued)

  

Information Resources, Inc.

     

Term Loan, 4.75%, Maturing September 30, 2020

      1,188      $ 1,186,515   

ION Trading Technologies S.a.r.l.

     

Term Loan, 4.50%, Maturing June 10, 2021

  EUR     1,247        1,555,881   

Term Loan - Second Lien, 7.25%, Maturing May 15, 2022

      1,000        987,500   

KAR Auction Services, Inc.

     

Term Loan, 3.50%, Maturing March 11, 2021

      2,710        2,687,268   

Kronos Incorporated

     

Term Loan, 4.50%, Maturing October 30, 2019

      2,391        2,383,534   

Term Loan - Second Lien, 9.75%, Maturing April 30, 2020

      1,073        1,103,716   

Language Line, LLC

     

Term Loan, 6.25%, Maturing June 20, 2016

      1,352        1,351,020   

MCS AMS Sub-Holdings LLC

     

Term Loan, 7.00%, Maturing October 15, 2019

      1,015        918,151   

Monitronics International Inc.

     

Term Loan, 4.25%, Maturing March 23, 2018

      1,174        1,171,885   

PGX Holdings, Inc.

     

Term Loan, 6.25%, Maturing September 29, 2020

      575        573,562   

Quintiles Transnational Corporation

     

Term Loan, 3.75%, Maturing June 8, 2018

      5,440        5,399,558   

RCS Capital Corporation

     

Term Loan, 6.50%, Maturing April 29, 2019

      1,037        1,028,450   

Term Loan - Second Lien, 10.50%, Maturing April 29, 2021

      500        500,000   

Sensus USA Inc.

     

Term Loan, 4.50%, Maturing May 9, 2017

      651        635,108   

ServiceMaster Company

     

Term Loan, 4.25%, Maturing July 1, 2021

      2,425        2,406,286   

SGS Cayman, L.P.

     

Term Loan, 6.00%, Maturing April 23, 2021

      203        203,493   

SunGard Data Systems, Inc.

     

Term Loan, 3.90%, Maturing February 28, 2017

      887        884,304   

Term Loan, 4.00%, Maturing March 8, 2020

      5,622        5,604,835   

Sutherland Global Services Inc.

     

Term Loan, 6.00%, Maturing April 23, 2021

      872        874,195   

TNS, Inc.

     

Term Loan, 5.00%, Maturing February 14, 2020

      1,016        1,020,837   

TransUnion, LLC

     

Term Loan, 4.00%, Maturing April 9, 2021

      4,179        4,124,151   

Travelport Finance (Luxembourg) S.a.r.l.

     

Term Loan, 6.00%, Maturing September 2, 2021

      1,200        1,198,050   

U.S. Security Holdings, Inc.

     

Term Loan, 6.00%, Maturing July 28, 2017

      115        114,356   

Term Loan, 6.00%, Maturing July 28, 2017

      589        584,210   
 

 

  7   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Business Equipment and Services (continued)

  

WASH Multifamily Laundry Systems, LLC

     

Term Loan, 4.50%, Maturing February 21, 2019

      320      $ 316,924   

West Corporation

     

Term Loan, 3.25%, Maturing June 30, 2018

      3,217        3,174,380   

Zebra Technologies Corporation

     

Term Loan, 4.75%, Maturing September 30, 2021

      2,125        2,143,594   
                     
  $ 71,869,110   
                     

Cable and Satellite Television — 4.9%

  

Atlantic Broadband Finance, LLC

     

Term Loan, 3.25%, Maturing December 2, 2019

      762      $ 753,306   

Cequel Communications, LLC

     

Term Loan, 3.50%, Maturing February 14, 2019

      2,151        2,131,097   

Charter Communications Operating, LLC

     

Term Loan, 3.00%, Maturing July 1, 2020

      1,333        1,314,517   

Crown Media Holdings, Inc.

     

Term Loan, 4.00%, Maturing July 14, 2018

      299        297,532   

CSC Holdings, Inc.

     

Term Loan, 2.65%, Maturing April 17, 2020

      921        903,436   

ION Media Networks, Inc.

     

Term Loan, 5.00%, Maturing December 18, 2020

      1,514        1,521,604   

MCC Iowa LLC

     

Term Loan, 3.25%, Maturing January 29, 2021

      988        968,572   

Term Loan, 3.75%, Maturing June 30, 2021

      873        859,306   

Mediacom Illinois, LLC

     

Term Loan, 3.13%, Maturing October 23, 2017

      790        785,494   

Term Loan, 3.75%, Maturing June 30, 2021

      500        494,271   

Numericable U.S. LLC

     

Term Loan, 4.50%, Maturing May 21, 2020

      1,044        1,047,288   

Term Loan, 4.50%, Maturing May 21, 2020

      1,206        1,210,547   

Sterling Entertainment Enterprises, LLC

     

Term Loan, 3.16%, Maturing December 28, 2017

      735        708,540   

UPC Financing Partnership

     

Term Loan, 3.76%, Maturing March 31, 2021

  EUR     3,972        4,980,938   

Virgin Media Bristol LLC

     

Term Loan, 3.50%, Maturing June 7, 2020

      5,075        5,014,734   

Virgin Media Investment Holdings Limited

     

Term Loan, 4.25%, Maturing June 30, 2023

  GBP     1,475        2,346,470   

Ziggo B.V.

     

Term Loan, 3.00%, Maturing January 15, 2022(4)

  EUR     31        38,029   

Term Loan, 3.00%, Maturing January 15, 2022(4)

  EUR     445        550,147   

Term Loan, 3.00%, Maturing January 15, 2022(4)

  EUR     629        778,319   

Term Loan, 3.50%, Maturing January 15, 2022

  EUR     33        40,564   

Term Loan, 3.50%, Maturing January 15, 2022

  EUR     352        434,794   
Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Cable and Satellite Television (continued)

  

Ziggo B.V. (continued)

     

Term Loan, 3.50%, Maturing January 15, 2022

  EUR     561      $ 693,388   
                     
  $ 27,872,893   
                     

Chemicals and Plastics — 6.5%

  

Allnex (Luxembourg) & Cy S.C.A.

     

Term Loan, 4.50%, Maturing October 3, 2019

      276      $ 275,250   

Allnex USA, Inc.

     

Term Loan, 4.50%, Maturing October 3, 2019

      143        142,814   

Arysta LifeScience SPC, LLC

     

Term Loan, 4.50%, Maturing May 29, 2020

      2,296        2,293,423   

Axalta Coating Systems US Holdings Inc.

     

Term Loan, 3.75%, Maturing February 1, 2020

      3,776        3,721,806   

AZ Chem US Inc.

     

Term Loan, 4.50%, Maturing June 12, 2021

      670        670,413   

ECO Services Operations LLC

     

Term Loan, Maturing October 8, 2021(2)

      400        399,250   

Emerald Performance Materials, LLC

     

Term Loan, 4.50%, Maturing August 1, 2021

      525        517,781   

Term Loan - Second Lien, 7.75%, Maturing August 1, 2022

      550        542,667   

Flint Group GmbH

     

Term Loan, Maturing September 7, 2021(2)

      149        145,974   

Flint Group US LLC

     

Term Loan, Maturing September 7, 2021(2)

      901        883,026   

Gemini HDPE LLC

     

Term Loan, 4.75%, Maturing August 7, 2021

      1,945        1,937,024   

Huntsman International, LLC

     

Term Loan, 3.75%, Maturing August 12, 2021

      2,000        1,983,726   

Ineos US Finance LLC

     

Term Loan, 3.75%, Maturing May 4, 2018

      4,133        4,080,087   

Kronos Worldwide Inc.

     

Term Loan, 4.75%, Maturing February 18, 2020

      299        298,500   

MacDermid, Inc.

     

Term Loan, 4.00%, Maturing June 7, 2020

      1,315        1,288,596   

Minerals Technologies Inc.

     

Term Loan, 4.00%, Maturing May 9, 2021

      1,957        1,946,511   

OEP Pearl Dutch Acquisition B.V.

     

Term Loan, 6.50%, Maturing March 30, 2018

      88        88,691   

Omnova Solutions Inc.

     

Term Loan, 4.25%, Maturing May 31, 2018

      963        952,875   

Orion Engineered Carbons GmbH

     

Term Loan, 5.00%, Maturing July 25, 2021

      575        577,156   

Term Loan, 5.00%, Maturing July 25, 2021

  EUR     975        1,228,694   
 

 

  8   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Chemicals and Plastics (continued)

  

OXEA Finance LLC

     

Term Loan, 4.25%, Maturing January 15, 2020

      693      $ 677,407   

Term Loan - Second Lien, 8.25%, Maturing July 15, 2020

      1,000        972,800   

Polarpak Inc.

     

Term Loan, 4.50%, Maturing June 5, 2020

      805        795,840   

PQ Corporation

     

Term Loan, 4.00%, Maturing August 7, 2017

      1,154        1,144,336   

Solenis International, LP

     

Term Loan, 4.50%, Maturing July 2, 2021

  EUR     975        1,227,167   

Term Loan, 4.25%, Maturing July 31, 2021

      300        294,563   

Sonneborn LLC

     

Term Loan, 6.50%, Maturing March 30, 2018

      501        502,580   

Tronox Pigments (Netherlands) B.V.

     

Term Loan, 4.00%, Maturing March 19, 2020

      2,982        2,956,494   

Univar Inc.

     

Term Loan, 5.00%, Maturing June 30, 2017

      3,544        3,526,718   

WNA Holdings Inc.

     

Term Loan, 4.50%, Maturing June 7, 2020

      574        568,015   
                     
  $ 36,640,184   
                     

Conglomerates — 1.5%

  

Bestway UK Holdco Limited

     

Term Loan, 5.31%, Maturing September 30, 2021

  GBP     2,000      $ 3,216,732   

RGIS Services, LLC

     

Term Loan, 5.50%, Maturing October 18, 2017

      2,835        2,700,159   

Spectrum Brands Europe GmbH

     

Term Loan, 3.75%, Maturing September 4, 2019

  EUR     968        1,215,437   

Spectrum Brands, Inc.

     

Term Loan, 3.50%, Maturing September 4, 2019

      1,040        1,033,653   
                     
  $ 8,165,981   
                     

Containers and Glass Products — 1.5%

  

Berry Plastics Holding Corporation

     

Term Loan, 3.50%, Maturing February 8, 2020

      2,142      $ 2,101,537   

Term Loan, 3.75%, Maturing January 6, 2021

      672        661,481   

Crown Americas, LLC

     

Term Loan, Maturing October 22, 2021(2)

      1,525        1,532,308   

Libbey Glass Inc.

     

Term Loan, 3.75%, Maturing April 9, 2021

      399        394,761   

Pelican Products, Inc.

     

Term Loan, 5.25%, Maturing April 10, 2020

      373        371,482   

Reynolds Group Holdings Inc.

     

Term Loan, 4.00%, Maturing December 1, 2018

      2,849        2,837,773   
Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Containers and Glass Products (continued)

  

TricorBraun, Inc.

     

Term Loan, 4.00%, Maturing May 3, 2018

      594      $ 588,209   
                     
  $ 8,487,551   
                     

Cosmetics / Toiletries — 0.7%

  

Prestige Brands, Inc.

     

Term Loan, 4.13%, Maturing January 31, 2019

      195      $ 195,198   

Term Loan, 4.50%, Maturing September 3, 2021

      650        652,302   

Revlon Consumer Products Corporation

     

Term Loan, 4.00%, Maturing October 8, 2019

      1,216        1,203,147   

Sun Products Corporation (The)

     

Term Loan, 5.50%, Maturing March 23, 2020

      2,126        1,913,804   
                     
  $ 3,964,451   
                     

Drugs — 2.4%

  

Alkermes, Inc.

     

Term Loan, 3.50%, Maturing September 18, 2019

      368      $ 363,432   

Auxilium Pharmaceuticals, Inc.

     

Term Loan, 6.25%, Maturing April 26, 2017

      703        706,888   

Endo Luxembourg Finance Company I S.a.r.l.

     

Term Loan, 3.25%, Maturing February 28, 2021

      398        394,020   

Ikaria, Inc.

     

Term Loan, 5.00%, Maturing February 12, 2021

      777        778,410   

Term Loan - Second Lien, 8.75%, Maturing February 14, 2022

      500        504,584   

Par Pharmaceutical Companies, Inc.

     

Term Loan, 4.00%, Maturing September 30, 2019

      1,878        1,848,399   

Valeant Pharmaceuticals International, Inc.

     

Term Loan, 3.50%, Maturing February 13, 2019

      1,593        1,581,797   

Term Loan, 3.50%, Maturing December 11, 2019

      2,561        2,540,855   

Term Loan, 3.50%, Maturing August 5, 2020

      3,125        3,105,540   

VWR Funding, Inc.

     

Term Loan, 3.40%, Maturing April 3, 2017

      1,838        1,823,894   
                     
  $ 13,647,819   
                     

Ecological Services and Equipment — 0.8%

  

ADS Waste Holdings, Inc.

     

Term Loan, 3.75%, Maturing October 9, 2019

      3,886      $ 3,807,113   

EnergySolutions, LLC

     

Term Loan, 6.75%, Maturing May 29, 2020

      848        854,940   
                     
  $ 4,662,053   
                     
 

 

  9   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Electronics / Electrical — 11.5%

  

Allflex Holdings III, Inc.

     

Term Loan, 4.25%, Maturing July 17, 2020

      644      $ 631,434   

Answers Corporation

     

Term Loan, 6.25%, Maturing September 23, 2021

      1,100        1,067,000   

Attachmate Corporation

     

Term Loan, 7.25%, Maturing November 22, 2017

      2,869        2,872,940   

Term Loan - Second Lien, 11.00%, Maturing November 22, 2018

      1,000        1,015,625   

Avago Technologies Cayman Ltd.

     

Term Loan, 3.75%, Maturing May 6, 2021

      6,185        6,173,454   

Blue Coat Systems, Inc.

     

Term Loan - Second Lien, 9.50%, Maturing June 28, 2020

      825        827,063   

Campaign Monitor Finance Pty Limited

     

Term Loan, 6.25%, Maturing March 18, 2021

      721        714,161   

Carros Finance Luxembourg S.a.r.l.

     

Term Loan, 4.50%, Maturing September 30, 2021

      350        350,292   

Cinedigm Digital Funding I, LLC

     

Term Loan, 3.75%, Maturing February 28, 2018

      340        339,726   

CompuCom Systems, Inc.

     

Term Loan, 4.25%, Maturing May 11, 2020

      1,216        1,159,373   

Dealertrack Technologies, Inc.

     

Term Loan, 3.50%, Maturing February 28, 2021

      477        471,147   

Dell Inc.

     

Term Loan, 4.50%, Maturing April 29, 2020

      8,367        8,390,034   

Eagle Parent, Inc.

     

Term Loan, 4.00%, Maturing May 16, 2018

      3,393        3,373,497   

Entegris, Inc.

     

Term Loan, 3.50%, Maturing April 30, 2021

      472        457,429   

Excelitas Technologies Corp.

     

Term Loan, 6.00%, Maturing October 31, 2020

      833        834,136   

FIDJI Luxembourg (BC4) S.a.r.l.

     

Term Loan, 6.25%, Maturing December 24, 2020

      780        783,900   

Freescale Semiconductor, Inc.

     

Term Loan, 4.25%, Maturing February 28, 2020

      1,864        1,841,735   

Go Daddy Operating Company, LLC

     

Term Loan, 4.75%, Maturing May 13, 2021

      4,534        4,520,358   

Hyland Software, Inc.

     

Term Loan, 4.75%, Maturing February 19, 2021

      494        494,018   

Infor (US), Inc.

     

Term Loan, 3.75%, Maturing June 3, 2020

      5,239        5,166,552   

M/A-COM Technology Solutions Holdings, Inc.

     

Term Loan, 4.50%, Maturing May 7, 2021

      524        523,688   

Magic Newco LLC

     

Term Loan, 5.00%, Maturing December 12, 2018

      1,372        1,375,275   
Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Electronics / Electrical (continued)

  

MH Sub I, LLC

     

Term Loan, 4.00%, Maturing July 8, 2021(4)

      57      $ 56,827   

Term Loan, 5.00%, Maturing July 8, 2021

      816        814,153   

Microsemi Corporation

     

Term Loan, 3.25%, Maturing February 19, 2020

      1,254        1,237,374   

Orbotech, Inc.

     

Term Loan, 5.00%, Maturing August 6, 2020

      450        444,375   

Renaissance Learning, Inc.

     

Term Loan, 4.50%, Maturing April 9, 2021

      697        686,053   

Term Loan - Second Lien, 8.00%, Maturing April 11, 2022

      225        220,500   

Rocket Software, Inc.

     

Term Loan, 5.75%, Maturing February 8, 2018

      1,198        1,197,172   

Term Loan - Second Lien, 10.25%, Maturing February 8, 2019

      750        755,156   

RP Crown Parent, LLC

     

Term Loan, 6.00%, Maturing December 21, 2018

      4,553        4,426,556   

SGMS Escrow Corp.

     

Term Loan, 6.00%, Maturing October 1, 2021

      850        833,664   

Shield Finance Co. S.a.r.l.

     

Term Loan, 5.00%, Maturing January 29, 2021

      697        696,500   

Sirius Computer Solutions, Inc.

     

Term Loan, 7.00%, Maturing November 30, 2018

      451        456,229   

SkillSoft Corporation

     

Term Loan, 5.75%, Maturing April 28, 2021

      2,195        2,168,669   

Smart Technologies ULC

     

Term Loan, 10.50%, Maturing January 31, 2018

      601        598,244   

Sophia, L.P.

     

Term Loan, 4.00%, Maturing July 19, 2018

      1,244        1,235,175   

SunEdison Semiconductor B.V.

     

Term Loan, 6.50%, Maturing May 22, 2019

      848        837,277   

SurveyMonkey.com, LLC

     

Term Loan, 5.50%, Maturing February 5, 2019

      531        531,870   

Sybil Software LLC

     

Term Loan, 4.75%, Maturing March 20, 2020

      926        924,321   

Vantiv, LLC

     

Term Loan, 3.75%, Maturing June 13, 2021

      898        891,910   

Vertafore, Inc.

     

Term Loan, 4.25%, Maturing October 3, 2019

      968        963,464   

Wall Street Systems Delaware, Inc.

     

Term Loan, 4.50%, Maturing April 30, 2021

      1,503        1,495,242   
                     
  $ 64,853,568   
                     
 

 

  10   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Equipment Leasing — 0.9%

  

Delos Finance S.a.r.l.

     

Term Loan, 3.50%, Maturing March 6, 2021

      2,450      $ 2,441,119   

Flying Fortress Inc.

     

Term Loan, 3.50%, Maturing June 30, 2017

      2,792        2,786,432   
                     
  $ 5,227,551   
                     

Financial Intermediaries — 5.5%

  

Armor Holding II LLC

     

Term Loan, 5.75%, Maturing June 26, 2020

      997      $ 989,006   

Term Loan - Second Lien, 10.25%, Maturing December 11, 2020

      1,000        990,000   

Citco Funding LLC

     

Term Loan, 4.25%, Maturing June 29, 2018

      2,014        2,001,315   

Clipper Acquisitions Corp.

     

Term Loan, 3.00%, Maturing February 6, 2020

      540        527,230   

First Data Corporation

     

Term Loan, 3.65%, Maturing March 23, 2018

      4,961        4,922,033   

Term Loan, 3.65%, Maturing September 24, 2018

      1,875        1,860,353   

Grosvenor Capital Management Holdings, LLP

     

Term Loan, 3.75%, Maturing January 4, 2021

      1,216        1,191,496   

Guggenheim Partners, LLC

     

Term Loan, 4.25%, Maturing July 22, 2020

      1,340        1,333,539   

Hamilton Lane Advisors, LLC

     

Term Loan, 4.00%, Maturing February 28, 2018

      515        508,435   

Harbourvest Partners, LLC

     

Term Loan, 3.25%, Maturing February 4, 2021

      819        802,463   

Home Loan Servicing Solutions, Ltd.

     

Term Loan, 4.50%, Maturing June 19, 2020

      1,062        1,000,841   

LPL Holdings, Inc.

     

Term Loan, 3.25%, Maturing March 29, 2019

      3,762        3,717,288   

Medley LLC

     

Term Loan, 6.50%, Maturing June 15, 2019

      497        494,108   

MIP Delaware, LLC

     

Term Loan, 4.00%, Maturing March 9, 2020

      577        576,281   

Moneygram International, Inc.

     

Term Loan, 4.25%, Maturing March 27, 2020

      419        392,461   

NXT Capital, Inc.

     

Term Loan, 6.25%, Maturing September 4, 2018

      124        123,439   

Term Loan, 6.25%, Maturing September 4, 2018

      743        736,931   

Ocwen Financial Corporation

     

Term Loan, 5.00%, Maturing February 15, 2018

      3,227        3,118,526   

Oz Management LP

     

Term Loan, 1.65%, Maturing November 15, 2016

      1,292        1,239,083   
Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Financial Intermediaries (continued)

  

Sesac Holdco II, LLC

     

Term Loan, 5.00%, Maturing February 8, 2019

      989      $ 986,184   

Starwood Property Trust, Inc.

     

Term Loan, 3.50%, Maturing April 17, 2020

      271        265,119   

Walker & Dunlop, Inc.

     

Term Loan, 5.25%, Maturing December 11, 2020

      645        641,899   

Walter Investment Management Corp.

     

Term Loan, 4.75%, Maturing December 11, 2020

      2,416        2,289,579   
                     
  $ 30,707,609   
                     

Food Products — 6.7%

  

AdvancePierre Foods, Inc.

     

Term Loan, 5.75%, Maturing July 10, 2017

      3,644      $ 3,630,406   

American Seafoods Group LLC

     

Term Loan, 4.50%, Maturing March 18, 2018

      572        546,030   

Big Heart Pet Brands

     

Term Loan, 3.50%, Maturing March 8, 2020

      3,413        3,290,763   

Blue Buffalo Company, Ltd.

     

Term Loan, 3.75%, Maturing August 8, 2019

      1,274        1,266,987   

Charger OpCo B.V.

     

Term Loan, 3.50%, Maturing June 30, 2021

  EUR     725        902,363   

Term Loan, 3.50%, Maturing July 23, 2021

      2,175        2,147,812   

Clearwater Seafoods Limited Partnership

     

Term Loan, 4.75%, Maturing June 24, 2019

      938        938,906   

CSM Bakery Solutions LLC

     

Term Loan, 5.00%, Maturing July 3, 2020

      1,037        1,029,536   

Del Monte Foods, Inc.

     

Term Loan, 4.25%, Maturing February 18, 2021

      1,468        1,381,452   

Diamond Foods, Inc.

     

Term Loan, 4.25%, Maturing August 20, 2018

      199        197,011   

Dole Food Company Inc.

     

Term Loan, 4.50%, Maturing November 1, 2018

      1,346        1,343,550   

H.J. Heinz Company

     

Term Loan, 3.50%, Maturing June 5, 2020

      8,369        8,327,217   

High Liner Foods Incorporated

     

Term Loan, 4.25%, Maturing April 24, 2021

      846        836,235   

JBS USA Holdings Inc.

     

Term Loan, 3.75%, Maturing May 25, 2018

      862        851,255   

Term Loan, 3.75%, Maturing September 18, 2020

      1,559        1,545,100   

NBTY, Inc.

     

Term Loan, 3.50%, Maturing October 1, 2017

      5,409        5,306,229   

Pinnacle Foods Finance LLC

     

Term Loan, 3.25%, Maturing April 29, 2020

      693        680,872   

Term Loan, 3.25%, Maturing April 29, 2020

      3,265        3,208,001   
 

 

  11   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Food Products (continued)

  

Post Holdings Inc.

     

Term Loan, 3.75%, Maturing June 2, 2021

      574      $ 571,451   
                     
  $ 38,001,176   
                     

Food Service — 4.1%

  

Aramark Services, Inc.

     

Term Loan, 3.66%, Maturing July 26, 2016

      169      $ 167,780   

Term Loan, 3.66%, Maturing July 26, 2016

      304        301,833   

ARG IH Corporation

     

Term Loan, 4.75%, Maturing November 15, 2020

      273        272,639   

Buffets, Inc.

     

Term Loan, 0.11%, Maturing April 22, 2015(3)

      92        73,465   

Burger King Corporation

     

Term Loan, 3.75%, Maturing September 28, 2019

      2,205        2,204,301   

Term Loan - Second Lien, Maturing September 4,
2015(2)

      1,080        1,079,892   

CEC Entertainment Concepts, L.P.

     

Term Loan, 4.25%, Maturing February 14, 2021

      721        699,133   

Centerplate, Inc.

     

Term Loan, 4.75%, Maturing November 26, 2019

      468        464,208   

Darling International Inc.

     

Term Loan, 3.50%, Maturing January 6, 2021

  EUR     970        1,213,281   

Dunkin’ Brands, Inc.

     

Term Loan, 3.25%, Maturing February 7, 2021

      2,987        2,935,930   

Landry’s, Inc.

     

Term Loan, 4.00%, Maturing April 24, 2018

      2,320        2,316,074   

NPC International, Inc.

     

Term Loan, 4.00%, Maturing December 28, 2018

      658        630,155   

P.F. Chang’s China Bistro Inc.

     

Term Loan, 4.25%, Maturing July 2, 2019

      407        393,710   

Seminole Hard Rock Entertainment, Inc.

     

Term Loan, 3.50%, Maturing May 14, 2020

      272        267,942   

US Foods, Inc.

     

Term Loan, 4.50%, Maturing March 31, 2019

      4,913        4,905,650   

Weight Watchers International, Inc.

     

Term Loan, 4.00%, Maturing April 2, 2020

      6,821        5,298,554   
                     
  $ 23,224,547   
                     

Food / Drug Retailers — 3.6%

  

Albertson’s Holdings LLC

     

Term Loan, 4.00%, Maturing August 25, 2019

      2,250      $ 2,248,360   

Term Loan, 4.50%, Maturing August 25, 2021

      900        901,187   

Albertson’s, LLC

     

Term Loan, 4.75%, Maturing March 21, 2019

      2,328        2,325,514   
Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Food / Drug Retailers (continued)

  

General Nutrition Centers, Inc.

     

Term Loan, 3.25%, Maturing March 4, 2019

      5,096      $ 4,984,991   

New Albertson’s, Inc.

     

Term Loan, 4.75%, Maturing June 27, 2021

      2,050        2,029,500   

Pantry, Inc. (The)

     

Term Loan, 4.75%, Maturing August 2, 2019

      417        418,062   

Rite Aid Corporation

     

Term Loan, 3.50%, Maturing February 21, 2020

      2,296        2,277,847   

Term Loan - Second Lien, 5.75%, Maturing August 21, 2020

      450        453,187   

Supervalu Inc.

     

Term Loan, 4.50%, Maturing March 21, 2019

      4,797        4,738,888   
                     
  $ 20,377,536   
                     

Health Care — 14.9%

  

Akorn, Inc.

     

Term Loan, 4.50%, Maturing April 16, 2021

      1,050      $ 1,045,178   

Alere, Inc.

     

Term Loan, 4.25%, Maturing June 30, 2017

      3,326        3,318,164   

Alliance Healthcare Services, Inc.

     

Term Loan, 4.25%, Maturing June 3, 2019

      1,234        1,219,721   

Amneal Pharmaceuticals LLC

     

Term Loan, 4.75%, Maturing November 1, 2019

      968        967,525   

Amsurg Corp.

     

Term Loan, 3.75%, Maturing July 16, 2021

      599        594,697   

Ardent Medical Services, Inc.

     

Term Loan, 6.75%, Maturing July 2, 2018

      2,790        2,800,176   

ATI Holdings, Inc.

     

Term Loan, 5.00%, Maturing December 20, 2019

      442        442,678   

Biomet Inc.

     

Term Loan, 3.65%, Maturing July 25, 2017

      5,487        5,476,804   

BSN Medical Inc.

     

Term Loan, 4.00%, Maturing August 28, 2019

      569        567,811   

CeramTec Acquisition Corporation

     

Term Loan, 4.25%, Maturing August 28, 2020

      33        32,930   

CHG Healthcare Services Inc.

     

Term Loan, 4.25%, Maturing November 19, 2019

      835        831,187   

Community Health Systems, Inc.

     

Term Loan, 4.25%, Maturing January 27, 2021

      7,411        7,427,331   

Convatec Inc.

     

Term Loan, 4.00%, Maturing December 22, 2016

      1,366        1,358,590   

CPI Buyer, LLC

     

Term Loan, 5.50%, Maturing August 18, 2021

      1,025        1,014,750   

DaVita HealthCare Partners, Inc.

     

Term Loan, 3.50%, Maturing June 24, 2021

      3,217        3,190,800   
 

 

  12   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Health Care (continued)

  

DJO Finance LLC

     

Term Loan, 4.25%, Maturing September 15, 2017

      576      $ 574,643   

Envision Healthcare Corporation

     

Term Loan, 4.00%, Maturing May 25, 2018

      1,998        1,986,308   

Faenza Acquisition GmbH

     

Term Loan, 4.25%, Maturing August 28, 2020

      100        99,977   

Term Loan, 4.25%, Maturing August 31, 2020

      334        332,113   

Gentiva Health Services, Inc.

     

Term Loan, 6.50%, Maturing October 18, 2019

      3,384        3,395,051   

Grifols Worldwide Operations USA, Inc.

     

Term Loan, 3.15%, Maturing February 27, 2021

      4,726        4,670,929   

Iasis Healthcare LLC

     

Term Loan, 4.50%, Maturing May 3, 2018

      1,617        1,618,405   

inVentiv Health, Inc.

     

Term Loan, 7.75%, Maturing May 15, 2018

      1,007        1,001,264   

Term Loan, 7.75%, Maturing May 15, 2018

      2,383        2,361,197   

JLL/Delta Dutch Newco B.V.

     

Term Loan, 4.25%, Maturing March 11, 2021

      873        850,369   

Term Loan, 4.50%, Maturing March 11, 2021

  EUR     299        373,880   

Kindred Healthcare, Inc.

     

Term Loan, 4.00%, Maturing April 9, 2021

      1,496        1,483,158   

Kinetic Concepts, Inc.

     

Term Loan, 4.00%, Maturing May 4, 2018

      4,485        4,459,403   

LHP Hospital Group, Inc.

     

Term Loan, 9.00%, Maturing July 3, 2018

      1,889        1,817,819   

Mallinckrodt International Finance S.A.

     

Term Loan, 3.50%, Maturing March 19, 2021

      1,125        1,116,161   

Term Loan, 3.50%, Maturing March 19, 2021

      1,517        1,505,318   

MedAssets, Inc.

     

Term Loan, 4.00%, Maturing December 13, 2019

      360        357,361   

Millennium Laboratories, Inc.

     

Term Loan, 5.25%, Maturing April 16, 2021

      4,090        4,097,418   

MMM Holdings, Inc.

     

Term Loan, 9.75%, Maturing December 12, 2017

      577        572,785   

MSO of Puerto Rico, Inc.

     

Term Loan, 9.75%, Maturing December 12, 2017

      420        415,377   

National Mentor Holdings, Inc.

     

Term Loan, 4.75%, Maturing January 31, 2021

      522        519,110   

Onex Carestream Finance LP

     

Term Loan, 5.00%, Maturing June 7, 2019

      2,705        2,712,049   

Opal Acquisition, Inc.

     

Term Loan, 5.00%, Maturing November 27, 2020

      1,638        1,636,091   

Ortho-Clinical Diagnostics, Inc.

     

Term Loan, 4.75%, Maturing June 30, 2021

      3,117        3,085,043   
Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Health Care (continued)

  

Pharmaceutical Product Development LLC

     

Term Loan, 4.00%, Maturing December 5, 2018

      1,891      $ 1,880,201   

PRA Holdings, Inc.

     

Term Loan, 4.50%, Maturing September 23, 2020

      1,262        1,249,627   

Radnet Management, Inc.

     

Term Loan, 4.28%, Maturing October 10, 2018

      1,736        1,718,204   

RegionalCare Hospital Partners, Inc.

     

Term Loan, 6.00%, Maturing April 19, 2019

      1,421        1,424,103   

Sage Products Holdings III, LLC

     

Term Loan, 4.25%, Maturing December 13, 2019

      433        431,842   

Salix Pharmaceuticals, Ltd.

     

Term Loan, 4.25%, Maturing January 2, 2020

      674        674,292   

Select Medical Corporation

     

Term Loan, 3.75%, Maturing June 1, 2018

      1,150        1,141,375   

Steward Health Care System LLC

     

Term Loan, 6.75%, Maturing April 12, 2020

      346        343,249   

TriZetto Corporation

     

Term Loan, 4.75%, Maturing May 2, 2018

      1,387        1,387,502   

Truven Health Analytics Inc.

     

Term Loan, 4.50%, Maturing June 6, 2019

      1,617        1,582,740   

U.S. Renal Care, Inc.

     

Term Loan, 4.25%, Maturing July 3, 2019

      796        791,450   
                     
  $ 83,954,156   
                     

Home Furnishings — 0.5%

  

Interline Brands, Inc.

     

Term Loan, 4.00%, Maturing March 17, 2021

      224      $ 219,164   

Serta Simmons Holdings, LLC

     

Term Loan, 4.25%, Maturing October 1, 2019

      1,537        1,525,095   

Tempur-Pedic International Inc.

     

Term Loan, 3.50%, Maturing March 18, 2020

      1,229        1,214,296   
                     
  $ 2,958,555   
                     

Industrial Equipment — 3.9%

  

Alliance Laundry Systems LLC

     

Term Loan, 4.25%, Maturing December 10, 2018

      308      $ 305,537   

Apex Tool Group, LLC

     

Term Loan, 4.50%, Maturing January 31, 2020

      714        678,419   

Delachaux S.A.

     

Term Loan, Maturing September 25, 2021(2)

      575        577,156   

Doosan Infracore International, Inc.

     

Term Loan, 4.50%, Maturing May 28, 2021

      1,097        1,099,535   

Filtration Group Corporation

     

Term Loan - Second Lien, 8.25%, Maturing November 21, 2021

      1,000        999,688   
 

 

  13   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Industrial Equipment (continued)

  

Gardner Denver, Inc.

     

Term Loan, 4.25%, Maturing July 30, 2020

      1,832      $ 1,806,826   

Term Loan, 4.75%, Maturing July 30, 2020

  EUR     396        496,691   

Husky Injection Molding Systems Ltd.

     

Term Loan, 4.25%, Maturing June 30, 2021

      2,789        2,746,205   

Term Loan - Second Lien, 7.25%, Maturing June 30, 2022

      675        661,500   

Milacron LLC

     

Term Loan, 4.00%, Maturing March 30, 2020

      518        505,435   

NN, Inc.

     

Term Loan, 6.00%, Maturing August 27, 2021

      675        672,891   

Paladin Brands Holding, Inc.

     

Term Loan, 6.75%, Maturing August 16, 2019

      713        712,785   

Rexnord LLC

     

Term Loan, 4.00%, Maturing August 21, 2020

      4,579        4,518,654   

Signode Industrial Group US Inc.

     

Term Loan, 4.00%, Maturing May 1, 2021

      1,246        1,225,680   

Spansion LLC

     

Term Loan, 3.75%, Maturing December 19, 2019

      1,007        991,189   

STS Operating, Inc.

     

Term Loan, 4.75%, Maturing February 21, 2021

      299        298,173   

Tank Holding Corp.

     

Term Loan, 4.25%, Maturing July 9, 2019

      788        778,499   

Terex Corporation

     

Term Loan, 4.00%, Maturing July 31, 2021

  EUR     1,575        1,980,497   

Unifrax Corporation

     

Term Loan, 4.25%, Maturing November 28, 2018

      331        328,536   

Virtuoso US LLC

     

Term Loan, 4.75%, Maturing February 11, 2021

      423        419,571   
                     
  $ 21,803,467   
                     

Insurance — 4.5%

  

Alliant Holdings I, Inc.

     

Term Loan, 4.25%, Maturing December 20, 2019

      1,919      $ 1,892,877   

AmWINS Group, LLC

     

Term Loan, 5.00%, Maturing September 6, 2019

      4,747        4,745,772   

Applied Systems, Inc.

     

Term Loan, 4.25%, Maturing January 25, 2021

      844        836,243   

Asurion LLC

     

Term Loan, 5.00%, Maturing May 24, 2019

      8,428        8,440,329   

Term Loan, 4.25%, Maturing July 8, 2020

      963        950,627   

Term Loan - Second Lien, 8.50%, Maturing March 3, 2021

      1,025        1,043,899   

CGSC of Delaware Holding Corporation

     

Term Loan, 5.00%, Maturing April 16, 2020

      469        424,502   
Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Insurance (continued)

  

Cunningham Lindsey U.S. Inc.

     

Term Loan, 5.00%, Maturing December 10, 2019

      885      $ 867,108   

Term Loan - Second Lien, 9.25%, Maturing June 10, 2020

      1,000        1,002,188   

Hub International Limited

     

Term Loan, 4.25%, Maturing October 2, 2020

      2,797        2,761,161   

USI, Inc.

     

Term Loan, 4.25%, Maturing December 27, 2019

      2,362        2,337,974   
                     
  $ 25,302,680   
                     

Leisure Goods / Activities / Movies — 5.1%

  

Bally Technologies, Inc.

     

Term Loan, 4.25%, Maturing November 25, 2020

      988      $ 985,687   

Bombardier Recreational Products, Inc.

     

Term Loan, 4.00%, Maturing January 30, 2019

      3,225        3,174,591   

Bright Horizons Family Solutions, Inc.

     

Term Loan, 3.75%, Maturing January 30, 2020

      884        873,474   

ClubCorp Club Operations, Inc.

     

Term Loan, 4.50%, Maturing July 24, 2020

      2,928        2,906,942   

Dave & Buster’s, Inc.

     

Term Loan, 4.50%, Maturing July 25, 2020

      142        141,774   

Emerald Expositions Holding, Inc.

     

Term Loan, 4.75%, Maturing June 17, 2020

      1,020        1,020,413   

Equinox Holdings, Inc.

     

Term Loan, 4.25%, Maturing January 31, 2020

      2,527        2,504,587   

Fender Musical Instruments Corporation

     

Term Loan, 5.75%, Maturing April 3, 2019

      420        418,399   

Kasima, LLC

     

Term Loan, 3.25%, Maturing May 17, 2021

      946        937,452   

Live Nation Entertainment, Inc.

     

Term Loan, 3.50%, Maturing August 17, 2020

      2,546        2,515,765   

Nord Anglia Education Finance LLC

     

Term Loan, 4.50%, Maturing March 31, 2021

      1,471        1,458,438   

Sabre, Inc.

     

Term Loan, 4.00%, Maturing February 19, 2019

      1,179        1,163,231   

SeaWorld Parks & Entertainment, Inc.

     

Term Loan, 3.00%, Maturing May 14, 2020

      2,779        2,666,550   

Sonifi Solutions, Inc.

     

Term Loan, 6.75%, Maturing March 31, 2018(3)

      1,036        72,514   

SRAM, LLC

     

Term Loan, 4.01%, Maturing April 10, 2020

      1,744        1,717,406   

Town Sports International Inc.

     

Term Loan, 4.50%, Maturing November 16, 2020

      1,241        1,033,854   
 

 

  14   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Leisure Goods / Activities / Movies (continued)

  

US Finco LLC

     

Term Loan, 4.00%, Maturing May 29, 2020

      469      $ 460,854   

Term Loan - Second Lien, 8.25%, Maturing November 30, 2020

      1,000        995,000   

WMG Acquisition Corp.

     

Term Loan, 3.75%, Maturing July 1, 2020

      1,045        1,013,382   

Zuffa LLC

     

Term Loan, 3.75%, Maturing February 25, 2020

      2,849        2,783,967   
                     
  $ 28,844,280   
                     

Lodging and Casinos — 5.3%

  

Affinity Gaming, LLC

     

Term Loan, 5.25%, Maturing November 9, 2017

      388      $ 388,495   

Amaya Holdings B.V.

     

Term Loan, 5.00%, Maturing August 1, 2021

      2,725        2,707,969   

Term Loan - Second Lien, 8.00%, Maturing August 1, 2022

      750        758,125   

Boyd Gaming Corporation

     

Term Loan, 4.00%, Maturing August 14, 2020

      471        467,636   

Caesars Entertainment Operating Company

     

Term Loan, 6.99%, Maturing March 1, 2017

      978        879,057   

CityCenter Holdings, LLC

     

Term Loan, 4.25%, Maturing October 16, 2020

      796        792,027   

Four Seasons Holdings Inc.

     

Term Loan - Second Lien, 6.25%, Maturing December 27, 2020

      3,577        3,603,717   

Gala Group Ltd.

     

Term Loan, 5.51%, Maturing May 28, 2018

  GBP     3,125        4,987,736   

Golden Nugget, Inc.

     

Term Loan, 5.50%, Maturing November 21, 2019

      141        142,757   

Term Loan, 5.50%, Maturing November 21, 2019

      330        333,100   

Hilton Worldwide Finance, LLC

     

Term Loan, 3.50%, Maturing October 26, 2020

      5,371        5,325,737   

La Quinta Intermediate Holdings LLC

     

Term Loan, 4.00%, Maturing April 14, 2021

      1,086        1,078,090   

MGM Resorts International

     

Term Loan, 3.50%, Maturing December 20, 2019

      2,456        2,430,536   

Pinnacle Entertainment, Inc.

     

Term Loan, 3.75%, Maturing August 13, 2020

      750        742,734   

Playa Resorts Holding B.V.

     

Term Loan, 4.00%, Maturing August 6, 2019

      495        488,813   

RHP Hotel Properties, LP

     

Term Loan, 3.75%, Maturing January 15, 2021

      673        669,385   

Scientific Games International, Inc.

     

Term Loan, 4.25%, Maturing October 18, 2020

      3,623        3,613,003   
Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Lodging and Casinos (continued)

  

Tropicana Entertainment Inc.

     

Term Loan, 4.00%, Maturing November 27, 2020

      371      $ 364,753   
                     
  $ 29,773,670   
                     

Nonferrous Metals / Minerals — 2.6%

  

Alpha Natural Resources, LLC

     

Term Loan, 3.50%, Maturing May 22, 2020

      1,773      $ 1,545,466   

Arch Coal Inc.

     

Term Loan, 6.25%, Maturing May 16, 2018

      3,575        3,175,184   

Fairmount Minerals Ltd.

     

Term Loan, 4.50%, Maturing September 5, 2019

      2,030        2,025,695   

Murray Energy Corporation

     

Term Loan, 5.25%, Maturing December 5, 2019

      1,368        1,357,864   

Noranda Aluminum Acquisition Corporation

     

Term Loan, 5.75%, Maturing February 28, 2019

      999        975,015   

Novelis, Inc.

     

Term Loan, 3.75%, Maturing March 10, 2017

      2,628        2,606,849   

Oxbow Carbon LLC

     

Term Loan, 4.25%, Maturing July 19, 2019

      445        439,746   

Term Loan - Second Lien, 8.00%, Maturing January 17, 2020

      775        759,500   

United Central Industrial Supply Company, L.L.C.

     

Term Loan - Second Lien, 12.50%, Maturing April 9, 2019

      500        495,000   

Walter Energy, Inc.

     

Term Loan, 7.25%, Maturing April 2, 2018

      1,607        1,394,079   
                     
  $ 14,774,398   
                     

Oil and Gas — 6.2%

  

Ameriforge Group, Inc.

     

Term Loan, 5.00%, Maturing December 19, 2019

      1,136      $ 1,132,094   

Term Loan - Second Lien, 8.75%, Maturing December 19, 2020

      2,800        2,814,000   

Bronco Midstream Funding LLC

     

Term Loan, 5.00%, Maturing August 17, 2020

      1,677        1,675,944   

Citgo Petroleum Corporation

     

Term Loan, 4.50%, Maturing July 29, 2021

      975        976,422   

Crestwood Holdings LLC

     

Term Loan, 7.00%, Maturing June 19, 2019

      1,854        1,854,963   

Drillships Ocean Ventures Inc.

     

Term Loan, 5.50%, Maturing July 25, 2021

      1,072        1,032,101   

Fieldwood Energy LLC

     

Term Loan, 3.88%, Maturing September 28, 2018

      1,040        1,019,539   

Floatel International, Ltd.

     

Term Loan, 6.00%, Maturing June 27, 2020

      2,220        2,157,198   
 

 

  15   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Oil and Gas (continued)

  

MEG Energy Corp.

     

Term Loan, 3.75%, Maturing March 31, 2020

      7,377      $ 7,264,493   

Obsidian Natural Gas Trust

     

Term Loan, 7.00%, Maturing November 2, 2015

      894        890,018   

Paragon Offshore Finance Company

     

Term Loan, 3.75%, Maturing July 18, 2021

      850        794,750   

Ruby Western Pipeline Holdings, LLC

     

Term Loan, 3.50%, Maturing March 27, 2020

      396        395,463   

Samson Investment Company

     

Term Loan - Second Lien, 5.00%, Maturing September 25, 2018

      1,850        1,720,500   

Seadrill Partners Finco LLC

     

Term Loan, 4.00%, Maturing February 21, 2021

      3,674        3,487,424   

Seventy Seven Operating LLC

     

Term Loan, 3.75%, Maturing June 25, 2021

      524        513,432   

Sheridan Investment Partners II, L.P.

     

Term Loan, 4.25%, Maturing December 16, 2020

      36        34,330   

Term Loan, 4.25%, Maturing December 16, 2020

      96        92,051   

Term Loan, 4.25%, Maturing December 16, 2020

      688        661,726   

Sheridan Production Partners I, LLC

     

Term Loan, 4.25%, Maturing October 1, 2019

      160        154,846   

Term Loan, 4.25%, Maturing October 1, 2019

      262        253,511   

Term Loan, 4.25%, Maturing October 1, 2019

      1,974        1,913,175   

Tallgrass Operations, LLC

     

Term Loan, 4.25%, Maturing November 13, 2018

      1,245        1,242,435   

Tervita Corporation

     

Term Loan, 6.25%, Maturing May 15, 2018

      3,099        3,014,002   
                     
  $ 35,094,417   
                     

Publishing — 4.0%

  

Advanstar Communications Inc.

     

Term Loan, 5.50%, Maturing April 29, 2019

      763      $ 764,488   

Ascend Learning, LLC

     

Term Loan, 6.00%, Maturing July 31, 2019

      1,265        1,272,556   

Getty Images, Inc.

     

Term Loan, 4.75%, Maturing October 18, 2019

      5,441        5,137,060   

Interactive Data Corporation

     

Term Loan, 4.75%, Maturing May 2, 2021

      1,596        1,597,995   

Laureate Education, Inc.

     

Term Loan, 5.00%, Maturing June 15, 2018

      7,661        7,412,430   

McGraw-Hill Global Education Holdings, LLC

     

Term Loan, 5.75%, Maturing March 22, 2019

      695        697,800   

Media General, Inc.

     

Term Loan, 4.25%, Maturing July 31, 2020

      1,020        1,015,884   
Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Publishing (continued)

  

Merrill Communications, LLC

     

Term Loan, 5.75%, Maturing March 8, 2018

      628      $ 631,090   

Multi Packaging Solutions, Inc.

     

Term Loan, 4.25%, Maturing September 30, 2020

      373        368,228   

Nelson Education Ltd.

     

Term Loan, 6.75%, Maturing July 3, 2014(18)

      431        357,043   

Penton Media, Inc.

     

Term Loan, 5.50%, Maturing October 3, 2019

      594        594,743   

ProQuest LLC

     

Term Loan, Maturing October 24, 2021(2)

      675        675,140   

Rentpath, Inc.

     

Term Loan, 6.25%, Maturing May 29, 2020

      1,037        1,038,819   

Springer Science+Business Media Deutschland GmbH

     

Term Loan, 4.75%, Maturing August 16, 2021

      1,114        1,107,274   
                     
  $ 22,670,550   
                     

Radio and Television — 2.8%

  

ALM Media Holdings, Inc.

     

Term Loan, 5.50%, Maturing July 31, 2020

      425      $ 423,938   

Block Communications, Inc.

     

Term Loan, Maturing October 21, 2021(2)

      225        225,141   

Clear Channel Communications, Inc.

     

Term Loan, 3.80%, Maturing January 29, 2016

      10        9,481   

Term Loan, 6.90%, Maturing January 30, 2019

      1,132        1,072,108   

Term Loan, 7.65%, Maturing July 30, 2019

      364        352,726   

Cumulus Media Holdings Inc.

     

Term Loan, 4.25%, Maturing December 23, 2020

      4,245        4,190,797   

Entercom Radio, LLC

     

Term Loan, 4.00%, Maturing November 23, 2018

      384        384,267   

Gray Television, Inc.

     

Term Loan, 3.75%, Maturing June 10, 2021

      274        271,855   

Hubbard Radio, LLC

     

Term Loan, 4.50%, Maturing April 29, 2019

      734        730,786   

LIN Television Corporation

     

Term Loan, 4.00%, Maturing December 21, 2018

      508        505,863   

Mission Broadcasting, Inc.

     

Term Loan, 3.75%, Maturing October 1, 2020

      636        626,961   

Nexstar Broadcasting, Inc.

     

Term Loan, 3.75%, Maturing October 1, 2020

      721        710,984   

Raycom TV Broadcasting, LLC

     

Term Loan, 3.75%, Maturing August 4, 2021

      849        842,384   

Sinclair Television Group Inc.

     

Term Loan, 3.00%, Maturing April 9, 2020

      493        480,607   
 

 

  16   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Radio and Television (continued)

  

TWCC Holding Corp.

     

Term Loan, 3.50%, Maturing February 13, 2017

      1,079      $ 1,066,085   

Univision Communications Inc.

     

Term Loan, 4.00%, Maturing March 1, 2020

      3,768        3,735,008   
                     
  $ 15,628,991   
                     

Retailers (Except Food and Drug) — 9.1%

  

99 Cents Only Stores

     

Term Loan, 4.50%, Maturing January 11, 2019

      1,926      $ 1,912,188   

B&M Retail Limited

     

Term Loan, 4.32%, Maturing May 21, 2019

  GBP     350        552,617   

Term Loan, 4.32%, Maturing April 28, 2020

  GBP     275        437,113   

B.C. Unlimited Liability Company

     

Term Loan, 4.50%, Maturing October 27, 2021

      6,500        6,504,966   

Bass Pro Group, LLC

     

Term Loan, 3.75%, Maturing November 20, 2019

      2,376        2,350,273   

Burlington Coat Factory Warehouse Corporation

     

Term Loan, 4.25%, Maturing July 17, 2021

      499        495,945   

CDW LLC

     

Term Loan, 3.25%, Maturing April 29, 2020

      4,902        4,802,250   

David’s Bridal, Inc.

     

Term Loan, 5.00%, Maturing October 11, 2019

      621        606,678   

Evergreen Acqco 1 LP

     

Term Loan, 5.00%, Maturing July 9, 2019

      660        656,547   

Harbor Freight Tools USA, Inc.

     

Term Loan, 4.75%, Maturing July 26, 2019

      1,111        1,112,326   

Hudson’s Bay Company

     

Term Loan, 4.75%, Maturing November 4, 2020

      3,631        3,641,404   

J. Crew Group, Inc.

     

Term Loan, 4.00%, Maturing March 5, 2021

      2,886        2,798,214   

Jo-Ann Stores, Inc.

     

Term Loan, 4.00%, Maturing March 16, 2018

      1,895        1,823,816   

Men’s Wearhouse, Inc. (The)

     

Term Loan, 4.50%, Maturing June 18, 2021

      1,450        1,448,188   

Michaels Stores, Inc.

     

Term Loan, 3.75%, Maturing January 28, 2020

      2,536        2,497,538   

Term Loan, 4.00%, Maturing January 28, 2020

      998        986,278   

Neiman Marcus Group, Inc. (The)

     

Term Loan, 4.25%, Maturing October 25, 2020

      4,257        4,196,949   

Party City Holdings Inc.

     

Term Loan, 4.00%, Maturing July 27, 2019

      2,336        2,293,737   

Pep Boys-Manny, Moe & Jack (The)

     

Term Loan, 4.25%, Maturing October 11, 2018

      467        464,937   
Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Retailers (Except Food and Drug) (continued)

  

Petco Animal Supplies, Inc.

     

Term Loan, 4.00%, Maturing November 24, 2017

      2,175      $ 2,160,198   

PFS Holding Corporation

     

Term Loan, 4.50%, Maturing January 31, 2021

      970        824,606   

Pier 1 Imports (U.S.), Inc.

     

Term Loan, 4.50%, Maturing April 30, 2021

      524        519,760   

Pilot Travel Centers LLC

     

Term Loan, 4.25%, Maturing October 1, 2021

      2,025        2,031,012   

Rent-A-Center, Inc.

     

Term Loan, 3.75%, Maturing March 19, 2021

      498        487,550   

Spin Holdco Inc.

     

Term Loan, 4.25%, Maturing November 14, 2019

      2,600        2,578,558   

Toys ‘R’ Us Property Company I, LLC

     

Term Loan, 6.00%, Maturing August 21, 2019

      817        778,465   

Vivarte SA

     

Term Loan, 5.01%, (1.26% Cash, 3.75% PIK), Maturing October 29, 2020(16)

  EUR     910        1,005,761   

Term Loan, 11.01%, (4.01% Cash, 7.00% PIK), Maturing July 24, 2019(17)

  EUR     589        768,605   

Wilton Brands LLC

     

Term Loan, 7.50%, Maturing August 30, 2018

      577        545,175   
                     
  $ 51,281,654   
                     

Steel — 2.1%

  

Essar Steel Algoma, Inc.

     

Term Loan, 10.25%, Maturing November 15, 2014

      1,032      $ 1,035,333   

FMG Resources (August 2006) Pty. Ltd.

     

Term Loan, 3.75%, Maturing June 30, 2019

      6,080        5,942,437   

JFB Firth Rixson Inc.

     

Term Loan, 5.00%, Maturing June 30, 2017

  GBP     737        1,178,412   

JMC Steel Group, Inc.

     

Term Loan, 4.75%, Maturing April 1, 2017

      676        667,789   

Neenah Foundry Company

     

Term Loan, 6.75%, Maturing April 26, 2017

      416        414,274   

Patriot Coal Corporation

     

Term Loan, 9.00%, Maturing December 15, 2018

      1,489        1,446,569   

Waupaca Foundry, Inc.

     

Term Loan, 4.00%, Maturing June 29, 2017

      1,379        1,376,615   
                     
  $ 12,061,429   
                     

Surface Transport — 0.8%

  

Hertz Corporation (The)

     

Term Loan, 3.75%, Maturing March 12, 2018

      1,769      $ 1,753,579   
 

 

  17   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Surface Transport (continued)

                   

Stena International S.a.r.l.

     

Term Loan, 4.00%, Maturing March 3, 2021

      1,567      $ 1,543,618   

Swift Transportation Co., LLC

     

Term Loan, 3.75%, Maturing June 9, 2021

      1,169        1,164,254   
                     
  $ 4,461,451   
                     

Telecommunications — 3.9%

                   

Cellular South, Inc.

     

Term Loan, 3.25%, Maturing May 22, 2020

      318      $ 314,379   

Intelsat Jackson Holdings S.A.

     

Term Loan, 3.75%, Maturing June 30, 2019

      7,550        7,502,812   

IPC Systems, Inc.

     

Term Loan, 6.00%, Maturing November 8, 2020

      1,047        1,047,703   

SBA Senior Finance II LLC

     

Term Loan, 3.25%, Maturing March 24, 2021

      1,820        1,791,615   

Syniverse Holdings, Inc.

     

Term Loan, 4.00%, Maturing April 23, 2019

      1,188        1,169,849   

Term Loan, 4.00%, Maturing April 23, 2019

      1,776        1,759,032   

Telesat Canada

     

Term Loan, 3.50%, Maturing March 28, 2019

      6,672        6,587,415   

Windstream Corporation

     

Term Loan, 3.50%, Maturing August 8, 2019

      1,894        1,877,892   
                     
  $ 22,050,697   
                     

Utilities — 2.9%

                   

Calpine Construction Finance Company, L.P.

     

Term Loan, 3.00%, Maturing May 3, 2020

      1,037      $ 1,009,657   

Term Loan, 3.25%, Maturing January 31, 2022

      395        385,134   

Calpine Corporation

     

Term Loan, 4.00%, Maturing April 1, 2018

      919        913,299   

Term Loan, 4.00%, Maturing April 1, 2018

      2,702        2,688,490   

Term Loan, 4.00%, Maturing October 9, 2019

      809        801,489   

Dynegy Holdings Inc.

     

Term Loan, 4.00%, Maturing April 23, 2020

      957        952,928   

EFS Cogen Holdings I LLC

     

Term Loan, 3.75%, Maturing December 17, 2020

      527        525,506   

Electrical Components International, Inc.

     

Term Loan, 5.75%, Maturing May 28, 2021

      374        374,764   

Energy Future Intermediate Holding Company LLC

     

DIP Loan, 4.25%, Maturing June 19, 2016

      1,725        1,723,653   

Equipower Resources Holdings LLC

     

Term Loan, 4.25%, Maturing December 31, 2019

      568        565,923   
Borrower/Tranche Description        Principal
Amount*
(000’s omitted)
    Value  
     

Utilities (continued)

                   

Granite Acquisition Inc.

     

Term Loan, Maturing October 15, 2021(2)

      109      $ 109,000   

Term Loan, Maturing October 15, 2021(2)

      2,466        2,477,266   

La Frontera Generation, LLC

     

Term Loan, 4.50%, Maturing September 30, 2020

      579        575,988   

PowerTeam Services, LLC

     

Term Loan, 4.25%, Maturing May 6, 2020

      14        13,745   

Term Loan, 4.25%, Maturing May 6, 2020

      263        257,408   

Southcross Holdings Borrower LP

     

Term Loan, 6.00%, Maturing August 4, 2021

      399        395,259   

TerraForm Power Operating, LLC

     

Term Loan, 4.75%, Maturing July 23, 2019

      224        224,998   

TPF II Power, LLC

     

Term Loan, 5.50%, Maturing October 2, 2021

      1,350        1,354,219   

WTG Holdings III Corp.

     

Term Loan, 4.75%, Maturing January 15, 2021

      397        394,767   

Term Loan - Second Lien, 8.50%, Maturing January 15, 2022

      800        791,333   
                     
  $ 16,534,826   
                     

Total Senior Floating-Rate Interests
(identified cost $810,649,091)

   

  $ 798,491,109   
                     
Corporate Bonds & Notes — 12.5%   
Security        Principal
Amount*
(000’s omitted)
    Value  

Aerospace and Defense — 0.1%

  

Alliant Techsystems, Inc.

     

5.25%, 10/1/21(6)

      45      $ 46,013   

CBC Ammo, LLC/CBC FinCo, Inc.

     

7.25%, 11/15/21(6)

      75        74,625   

GenCorp, Inc.

     

7.125%, 3/15/21

      70        74,725   

TransDigm, Inc.

     

7.50%, 7/15/21

      10        10,850   

6.00%, 7/15/22(6)

      85        86,381   

6.50%, 7/15/24(6)

      65        67,275   
                     
  $ 359,869   
                     

Automotive — 0.1%

                   

American Axle & Manufacturing, Inc.

     

5.125%, 2/15/19

      20      $ 20,400   
 

 

  18   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2014

 

Portfolio of Investments — continued

 

 

Security        Principal
Amount*
(000’s omitted)
    Value  
     

Automotive (continued)

                   

Chrysler Group, LLC/CG Co-Issuer, Inc.

     

8.25%, 6/15/21

      200      $ 224,500   

General Motors Financial Co., Inc.

     

4.75%, 8/15/17

      70        75,075   

3.25%, 5/15/18

      10        10,250   

Navistar International Corp.

     

8.25%, 11/1/21

      105        108,334   
                     
  $ 438,559   
                     

Beverage and Tobacco — 0.1%

                   

Constellation Brands, Inc.

     

6.00%, 5/1/22

      105      $ 117,862   

4.25%, 5/1/23

      105        105,788   

Cott Beverages, Inc.

     

5.375%, 7/1/22(6)

      70        69,475   
                     
  $ 293,125   
                     

Brokerage / Securities Dealers / Investment Houses — 0.0%(7)

  

Alliance Data Systems Corp.

     

6.375%, 4/1/20(6)

      55      $ 58,025   

Nielsen Co. Luxembourg S.a.r.l. (The)

     

5.50%, 10/1/21(6)

      35        36,488   
                     
  $ 94,513   
                     

Building and Development — 0.1%

                   

Brookfield Residential Properties, Inc.

     

6.50%, 12/15/20(6)

      55      $ 58,850   

HD Supply, Inc.

     

8.125%, 4/15/19

      35        37,975   

7.50%, 7/15/20

      110        117,700   

Interline Brands, Inc.

     

10.00%, 11/15/18(8)

      130        136,175   

Nortek, Inc.

     

10.00%, 12/1/18

      85        89,887   

8.50%, 4/15/21

      50        54,000   

USG Corp.

     

5.875%, 11/1/21(6)

      35        36,313   
                     
  $ 530,900   
                     

Business Equipment and Services — 0.1%

                   

Audatex North America, Inc.

     

6.00%, 6/15/21(6)

      50      $ 53,125   

Building Materials Corp. of America

     

5.375%, 11/15/24(9)

      130        130,975   
Security        Principal
Amount*
(000’s omitted)
    Value  
     

Business Equipment and Services (continued)

                   

Ceridian, LLC/Comdata, Inc.

     

8.125%, 11/15/17(6)

      45      $ 45,113   

FTI Consulting, Inc.

     

6.00%, 11/15/22

      40        41,150   

IMS Health, Inc.

     

6.00%, 11/1/20(6)

      75        78,000   

ServiceMaster Co. (The)

     

8.00%, 2/15/20

      72        77,220   

7.00%, 8/15/20

      26        27,625   

TransUnion Holding Co., Inc.

     

8.125%, 6/15/18

      105        109,462   

United Rentals North America, Inc.

     

8.375%, 9/15/20

      20        21,750   

7.625%, 4/15/22

      40        44,800   

6.125%, 6/15/23

      35        37,800   

Zebra Technologies Corp.

     

7.25%, 10/15/22

      100        105,500   
                     
  $ 772,520   
                     

Cable and Satellite Tele