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
April 30, 2010
Date of Reporting Period
 
 

 


 

Item 1. Reports to Stockholders

 


 

(FULL PAGE IMAGE)
Semi annual Report April 30,2010 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 Privacy 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 applies only 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(s) (if applicable) will file a schedule of 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 at www.eatonvance.com, by calling Eaton Vance at 1-800-262-1122 or in the EDGAR database on the SEC’s website at www.sec.gov. Form N-Q may also be reviewed and copied at the SEC’s public reference room in Washington, D.C. (call 1-800-732-0330 for information on the operation of the public reference room).
 
 
 
 
Proxy Voting. From time to time, funds are required to vote proxies related to the securities held by the funds. The Eaton Vance Funds or their underlying Portfolios (if applicable) vote proxies according to a set of policies and procedures approved by the Funds’ and Portfolios’ Boards. You may obtain a description of these policies and procedures and information on how the Funds or Portfolios voted proxies relating to portfolio securities during the most recent 12 month period ended June 30, without charge, upon request, by calling 1-800-262-1122. This description is also available on the SEC’s website at www.sec.gov.


 

Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
I N V E S T M E N T   U P D A T E
Economic and Market Conditions
(PHOTO OF SCOTT H. PAGE)
Scott H. Page, CFA
Co-Portfolio Manager
(PHOTO OF PETER M. CAMPO)
Peter M. Campo, CFA
Co-Portfolio Manager
  During the six months ending April 30, 2010, the U.S. economy continued to strengthen, building on the recovery that began in 2009. The economy grew at an annualized rate of 5.7% in the fourth quarter of 2009 and an estimated 3.2% in the first quarter of 2010, according to the U.S. Department of Commerce. Growth was driven by government stimulus, increased business activity and a recovery in consumer spending. During the period, the Federal Reserve (the Fed) left short-term interest rates near zero but began unwinding various emergency programs that were designed to stabilize the financial system during the crisis. Meanwhile, corporate profits rebounded as business activity improved and productivity rose. We also saw the mounting effects of the government’s ongoing stimulus plan, which significantly increased the federal deficit and U.S. Treasury borrowing. Long- term interest rates were essentially unchanged during the period, while riskier assets continued to perform well as credit yield spreads tightened.
  The floating-rate loan market, as measured by the S&P/LSTA Leveraged Loan Index (the Index), returned 9.57% during the six-month period ending April 30, 2010.1 Performance was driven by a combination of technical and fundamental improvements, which strengthened both the supply/demand balance and the market outlook. From a technical standpoint, robust high-yield bond issuance and improving mergers and acquisitions and IPO markets had the effect of reducing loan supply. High-yield bond issuance alone was responsible for $13 billion of loan repayments in the first quarter of 2010, according to Standard & Poor’s Leveraged Commentary & Data. On the demand side, we saw steady inflows into the asset class, as investors sought more-favorable yields and protection from the anticipated rise in short-term interest rates. From a fundamental standpoint, earnings across the bank loan universe generally improved and default rates continued to decline.

Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested. The Trust’s performance at market price will differ from its results at NAV. Although market price performance generally reflects investment results over time, during shorter periods, returns at market 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. 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.
Management Discussion
(PHOTO OF CRAIG P. RUSS)
Craig P. Russ
Co-Portfolio Manager
  The Trust is a closed-end fund and trades on the New York Stock Exchange (NYSE) 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-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 to acquire additional income-producing securities, which may increase risk.
             
Total Return Performance 10/31/09 – 4/30/10        
NYSE Symbol       EFR
 
At Net Asset Value (NAV)2
        14.18 %
At Market Price2
        34.40  
S&P/LSTA Leveraged Loan Index1
        9.57  
 
Premium/(Discount) to NAV (4/30/10)
        11.52 %
Total Distributions per common share
      $ 0.594  
Distribution Rate3
  At NAV     6.79 %
 
  At Market Price     6.09 %
See page 3 for more performance information.
 
1   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.
 
2   Six-month returns are cumulative. Performance results reflect the effects of leverage.
 
3   The Distribution Rate is based on the Trust’s last regular distribution per share (annualized) divided by the Trust’s NAV or market price at the end of the period. The Trust’s distributions may be comprised of ordinary income, net realized capital gains and return of capital. Absent an expense waiver by the investment adviser, the returns would be lower.

1


 

Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
I N V E S T M E N T   U P D A T E
  As of April 30, 2010, the Trust’s investments included senior loans to 370 borrowers spanning 38 industries, with an average loan representing 0.24% of total investments, and no industry constituting more than 10.3% of total investments. Health care, business equipment and services, and cable and satellite television were among the top industry weightings.
 
  Management’s use of leverage was a factor in the Trust’s outperformance of the Index, as its loans acquired with borrowings were bolstered by the continued rally in the credit markets. However, the Trust’s slight underweight to the CCC ratings category in favor of higher quality issues was a headwind during the period, as lower-quality issues outperformed. The CCC rated loan category, which saw the largest declines in 2008 (down 45.8%), returned 88.6% in calendar 2009, and 20.4% during the six months ending April 30, 2010. Even defaulted loans outperformed the Index as a whole, posting a 21.6% return during the six-month period. However, we believe that the Trust’s longstanding underweight to riskier loan issuers has benefited its relative performance over the longer-term with less volatility.
 
  In terms of industry sectors, relative overweights to the business equipment and services, cable and satellite television and health care industries benefited relative performance. Underweight positions in the electronics, financial intermediaries and utilities industries detracted from performance relative to the Index.
 
  While significant economic and business risks continue to exist throughout the world, we believe the loan market should remain relatively stable in the near term. The Trust primarily invests in floating-rate securities, which means that if the Fed should increase rates out of concern about inflation, the Trust’s yield can be expected to rise. The reset of interest payable on floating-rate bank loans also helps to mitigate the effect of rising interest rates on bank loan funds, while fixed-income fund values generally fall in a rising interest rate environment.
 
  As of April 30, 2010, the Trust employed leverage of 35.8% of total assets—16.7% auction preferred shares (APS)1 and 19.1% borrowings. Use of leverage creates an opportunity for income, but at the same time creates special risks (including the likelihood of greater volatility of net asset value and market price of common shares).
 
1   APS percentage represents the liquidation value of the Trust’s APS outstanding at 4/30/10 as a percentage of the Trust’s net assets applicable to common shares plus APS and borrowings outstanding. 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 APS 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 as of April 30, 2010
F U N D   P E R F O R M A N C E
         
Trust Performance1    
NYSE Symbol   EFR
 
Average Annual Total Returns (by market price, NYSE)
       
Six Months
    34.40 %
One Year
    87.79  
Five Years
    6.00  
Life of Trust (11/28/03)
    5.99  
 
       
Average Annual Total Returns (at net asset value)
       
Six Months
    14.18 %
One Year
    59.76  
Five Years
    4.10  
Life of Trust (11/28/03)
    4.20  
 
1   Six-month returns are cumulative. Other returns are presented on an average annual basis. Performance results reflect the effects of leverage. Absent an expense waiver by the investment adviser, the returns would be lower.

Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested. The Trust’s performance at market price will differ from its results at NAV. Although market price performance generally reflects investment results over time, during shorter periods, returns at market 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. For performance as of the most recent month end, please refer to www.eatonvance.com.
Portfolio Composition
Top 10 Holdings2
By total investments                              
         
Community Health Systems, Inc.
    1.3 %
Rite Aid Corp.
    1.2  
Charter Communications Operating, Inc.
    1.2  
Georgia-Pacific Corp.
    1.2  
Aramark Corp.
    1.1  
SunGard Data Systems, Inc.
    1.1  
HCA, Inc.
    1.1  
Intelsat Corp.
    0.9  
Health Management Associates, Inc.
    0.9  
Calpine Corp.
    0.8  
 
2   Top 10 Holdings represented 10.8% of the Trust’s total investments as of 4/30/10.
Top Five Industries3
By total investments                              
         
Health Care
    10.6 %
Business Equipment and Services
    7.9  
Cable and Satellite Television
    7.6  
Leisure Goods/Activities/Movies
    5.3  
Chemicals and Plastics
    4.3  
 
3   Industries are shown as a percentage of the Trust’s total investments as of 4/30/10.
Credit Quality Ratings for
Total Loan Investments4
By total loan investments                              
         
Baa
    1.8 %
Ba
    41.8  
B
    37.0  
Ca
    0.5  
Caa
    5.5  
Defaulted
    1.7  
Non-Rated5
    11.7  
 
4   Credit Quality ratings are those provided by Moody’s Investor Services, Inc., a nationally recognized bond rating service. Reflects the Trust’s total loan investments as of 4/30/10. Credit ratings are based largely on the rating agency’s investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer’s current financial condition. The rating assigned to a security by a rating agency 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. If securities are rated differently by the rating agencies, the higher rating is applied.
 
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.

3


 

Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited)
 
                     
Senior Floating-Rate Interests — 138.7%(1)
 
Principal
               
Amount*
               
(000’s omitted)     Borrower/Tranche Description   Value      
 
 
 
Aerospace and Defense — 2.9%
 
ACTS Aero Technical Support & Service, Inc.
  47     Term Loan, 11.25%, Maturing March 12, 2013   $ 47,456      
  118     Term Loan - Second Lien, 10.75%, Maturing March 12, 2015(2)     118,894      
Booz Allen Hamilton, Inc.
  499     Term Loan, 6.00%, Maturing July 31, 2015     500,870      
DAE Aviation Holdings, Inc.
  405     Term Loan, 4.09%, Maturing July 31, 2014     388,485      
  416     Term Loan, 4.09%, Maturing July 31, 2014     399,136      
Delos Aircraft, Inc.
  625     Term Loan, 7.00%, Maturing March 15, 2016     633,906      
Evergreen International Aviation
  1,299     Term Loan, 10.50%, Maturing October 31, 2011(2)     1,221,359      
Hawker Beechcraft Acquisition
  4,309     Term Loan, 2.28%, Maturing March 26, 2014     3,710,453      
  256     Term Loan, 2.29%, Maturing March 26, 2014     220,685      
Hexcel Corp.
  632     Term Loan, 6.50%, Maturing May 21, 2014     636,749      
IAP Worldwide Services, Inc.
  828     Term Loan, 9.25%, Maturing December 30, 2012(2)     790,524      
International Lease Finance Co.
  850     Term Loan, 6.75%, Maturing March 15, 2015     867,637      
Spirit AeroSystems, Inc.
  1,573     Term Loan, 2.05%, Maturing December 31, 2011     1,558,030      
TransDigm, Inc.
  1,625     Term Loan, 2.28%, Maturing June 23, 2013     1,604,010      
Vought Aircraft Industries, Inc.
  899     Term Loan, 7.50%, Maturing December 17, 2011     902,274      
  213     Term Loan, 7.50%, Maturing December 22, 2011     213,218      
Wesco Aircraft Hardware Corp.
  1,093     Term Loan, 2.53%, Maturing September 29, 2013     1,075,912      
 
 
            $ 14,889,598      
 
 
 
 
Air Transport — 0.6%
 
Airport Development and Investment, Ltd.
GBP 783     Term Loan - Second Lien, 4.85%, Maturing April 7, 2011   $ 1,166,059      
Delta Air Lines, Inc.
  742     Term Loan, 2.30%, Maturing April 30, 2012     727,036      
  1,167     Term Loan - Second Lien, 3.55%, Maturing April 30, 2014     1,094,938      
 
 
            $ 2,988,033      
 
 
 
Automotive — 5.5%
 
Accuride Corp.
  1,958     Term Loan, 9.75%, Maturing June 30, 2013   $ 1,968,573      
Adesa, Inc.
  2,071     Term Loan, 3.03%, Maturing October 18, 2013     2,035,683      
Allison Transmission, Inc.
  1,883     Term Loan, 3.01%, Maturing September 30, 2014     1,804,497      
Dayco Products, LLC
  414     Term Loan, 10.50%, Maturing November 13, 2014     414,299      
  61     Term Loan, 12.50%, Maturing November 13, 2014(2)     56,402      
Federal-Mogul Corp.
  2,470     Term Loan, 2.19%, Maturing December 27, 2014     2,264,058      
  3,104     Term Loan, 2.20%, Maturing December 27, 2015     2,845,124      
Ford Motor Co.
  4,192     Term Loan, 3.28%, Maturing December 15, 2013     4,055,203      
Goodyear Tire & Rubber Co.
  5,400     Term Loan - Second Lien, 2.24%, Maturing April 30, 2014     5,173,200      
HHI Holdings, LLC
  1,000     Term Loan, 10.50%, Maturing March 30, 2015     1,016,563      
Keystone Automotive Operations, Inc.
  1,317     Term Loan, 3.78%, Maturing January 12, 2012     1,152,062      
LKQ Corp.
  885     Term Loan, 2.50%, Maturing October 12, 2014     878,933      
TriMas Corp.
  426     Term Loan, 6.00%, Maturing August 2, 2011     419,768      
  2,762     Term Loan, 6.00%, Maturing December 15, 2015     2,720,329      
United Components, Inc.
  1,031     Term Loan, 2.25%, Maturing June 30, 2010     1,008,256      
 
 
            $ 27,812,950      
 
 
 
 
Beverage and Tobacco — 0.2%
 
Southern Wine & Spirits of America, Inc.
  992     Term Loan, 5.50%, Maturing May 31, 2012   $ 990,927      
 
 
            $ 990,927      
 
 
 
 
Building and Development — 2.6%
 
Beacon Sales Acquisition, Inc.
  1,110     Term Loan, 2.28%, Maturing September 30, 2013   $ 1,093,532      
Brickman Group Holdings, Inc.
  1,180     Term Loan, 2.29%, Maturing January 23, 2014     1,156,027      
Epco/Fantome, LLC
  1,281     Term Loan, 2.89%, Maturing November 23, 2010     1,229,760      

 
See notes to financial statements

4


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Borrower/Tranche Description   Value      
 
 
Building and Development (continued)
 
                     
Forestar USA Real Estate Group, Inc.
  244     Revolving Loan, 0.53%, Maturing December 1, 2010(3)   $ 233,389      
  2,240     Term Loan, 5.11%, Maturing December 1, 2010     2,206,517      
Metroflag BP, LLC
  500     Term Loan - Second Lien, 0.00%, Maturing October 31, 2009(4)(5)     0      
Mueller Water Products, Inc.
  944     Term Loan, 5.33%, Maturing May 24, 2014     948,098      
NCI Building Systems, Inc.
  282     Term Loan, 8.00%, Maturing June 18, 2010     278,694      
November 2005 Land Investors
  305     Term Loan, 5.75%, Maturing May 9, 2011     83,069      
Panolam Industries Holdings, Inc.
  1,858     Term Loan, 8.25%, Maturing December 31, 2013     1,737,660      
Re/Max International, Inc.
  1,900     Term Loan, 5.50%, Maturing April 16, 2016     1,904,750      
Realogy Corp.
  672     Term Loan, 3.29%, Maturing October 10, 2013     610,565      
  318     Term Loan, 3.38%, Maturing October 10, 2013     289,073      
South Edge, LLC
  1,588     Term Loan, 0.00%, Maturing October 31, 2009(4)     722,313      
WCI Communities, Inc.
  623     Term Loan, 10.07%, Maturing September 3, 2014     622,134      
 
 
            $ 13,115,581      
 
 
 
 
Business Equipment and Services — 12.0%
 
Activant Solutions, Inc.
  1,098     Term Loan, 2.31%, Maturing May 1, 2013   $ 1,052,329      
Advantage Sales & Marketing
  1,200     Term Loan, Maturing May 5, 2016(6)     1,193,999      
  1,000     Term Loan - Second Lien, Maturing May 5, 2017(6)     990,000      
  1,629     Term Loan, 2.26%, Maturing March 29, 2013     1,628,601      
Affinion Group, Inc.
  3,725     Term Loan, 5.00%, Maturing October 8, 2016     3,706,375      
Allied Barton Security Service
  983     Term Loan, 6.75%, Maturing February 21, 2015     991,883      
Dealer Computer Services, Inc.
  1,850     Term Loan, Maturing April 16, 2017(6)     1,850,000      
Education Management, LLC
  4,605     Term Loan, 2.06%, Maturing June 1, 2013     4,514,881      
First American Corp.
  925     Term Loan, 4.75%, Maturing April 9, 2016     931,649      
Info USA, Inc.
  249     Term Loan, 2.05%, Maturing February 14, 2012     248,375      
Intergraph Corp.
  1,000     Term Loan, 4.50%, Maturing May 29, 2014     997,806      
  575     Term Loan, 6.00%, Maturing May 29, 2014     578,115      
  1,000     Term Loan - Second Lien, 6.25%, Maturing November 29, 2014     1,005,000      
iPayment, Inc.
  2,382     Term Loan, 2.28%, Maturing May 10, 2013     2,285,911      
Kronos, Inc.
  1,018     Term Loan, 2.29%, Maturing June 11, 2014     982,369      
Language Line, Inc.
  2,020     Term Loan, 5.50%, Maturing October 30, 2015     2,031,720      
Mitchell International, Inc.
  1,000     Term Loan - Second Lien, 5.56%, Maturing March 28, 2015     852,500      
NE Customer Service
  1,775     Term Loan, 6.00%, Maturing March 5, 2016     1,770,378      
Protection One, Inc.
  123     Term Loan, 2.53%, Maturing March 31, 2012     122,881      
  695     Term Loan, 6.25%, Maturing March 31, 2014     696,419      
Quantum Corp.
  198     Term Loan, 3.79%, Maturing July 12, 2014     192,629      
Quintiles Transnational Corp.
  990     Term Loan, 2.30%, Maturing March 31, 2013     973,996      
  1,700     Term Loan - Second Lien, 4.30%, Maturing March 31, 2014     1,683,000      
Sabre, Inc.
  6,002     Term Loan, 2.30%, Maturing September 30, 2014     5,718,911      
Safenet, Inc.
  1,995     Term Loan, 2.76%, Maturing April 12, 2014     1,927,545      
Serena Software, Inc.
  474     Term Loan, 2.25%, Maturing March 10, 2013     459,385      
Sitel (Client Logic)
  1,567     Term Loan, 5.79%, Maturing January 29, 2014     1,551,035      
Solera Holdings, LLC
EUR 733     Term Loan, 2.44%, Maturing May 15, 2014     943,799      
SunGard Data Systems, Inc.
  2,226     Term Loan, 2.00%, Maturing February 28, 2014     2,157,211      
  6,826     Term Loan, 3.88%, Maturing February 28, 2016     6,799,031      
Ticketmaster
  1,650     Term Loan, 7.00%, Maturing July 22, 2014     1,667,016      
Travelport, LLC
  437     Term Loan, 2.79%, Maturing August 23, 2013     425,434      
  3,178     Term Loan, 2.79%, Maturing August 23, 2013     3,093,772      
EUR 1,054     Term Loan, 3.14%, Maturing August 23, 2013     1,362,711      
West Corp.
  1,367     Term Loan, 2.64%, Maturing October 24, 2013     1,336,369      

 
See notes to financial statements

5


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Borrower/Tranche Description   Value      
 
 
Business Equipment and Services (continued)
 
                     
  1,986     Term Loan, 4.14%, Maturing July 15, 2016   $ 1,979,725      
 
 
            $ 60,702,760      
 
 
 
 
Cable and Satellite Television — 11.5%
 
Atlantic Broadband Finance, LLC
  2,559     Term Loan, 6.75%, Maturing June 8, 2013   $ 2,571,141      
  95     Term Loan, 2.55%, Maturing September 1, 2013     94,265      
Bragg Communications, Inc.
  2,096     Term Loan, 2.75%, Maturing August 31, 2014     2,080,528      
Bresnan Broadband Holdings, LLC
  495     Term Loan, 2.31%, Maturing March 29, 2014     489,431      
  600     Term Loan - Second Lien, 4.76%, Maturing March 29, 2014     600,000      
Cequel Communications, LLC
  2,157     Term Loan, 2.29%, Maturing November 5, 2013     2,122,008      
  1,309     Term Loan, 6.29%, Maturing May 5, 2014     1,325,560      
  2,050     Term Loan - Second Lien, 4.75%, Maturing May 5, 2014     2,058,200      
Charter Communications Operating, Inc.
  9,796     Term Loan, 2.30%, Maturing April 28, 2013     9,312,712      
CSC Holdings, Inc.
  2,907     Term Loan, 2.00%, Maturing March 29, 2016     2,901,273      
CW Media Holdings, Inc.
  578     Term Loan, 3.29%, Maturing February 15, 2015     549,751      
Foxco Acquisition Sub., LLC
  569     Term Loan, 7.50%, Maturing July 2, 2015     566,553      
Insight Midwest Holdings, LLC
  3,594     Term Loan, 2.27%, Maturing April 6, 2014     3,519,680      
MCC Iowa, LLC
  5,704     Term Loan, 2.01%, Maturing January 31, 2015     5,499,935      
Mediacom Broadband, LLC
  1,475     Term Loan, Maturing October 20, 2017(6)     1,476,106      
Mediacom Illinois, LLC
  3,674     Term Loan, 2.01%, Maturing January 31, 2015     3,533,157      
  995     Term Loan, 5.50%, Maturing March 31, 2017     1,001,468      
Mediacom, LLC
  825     Term Loan, 4.50%, Maturing October 20, 2017     825,774      
ProSiebenSat.1 Media AG
EUR 907     Term Loan, 2.41%, Maturing June 26, 2014     1,083,574      
EUR 93     Term Loan, 2.41%, Maturing July 2, 2014     110,927      
EUR 410     Term Loan, 3.34%, Maturing March 2, 2015     439,153      
EUR 97     Term Loan, 2.54%, Maturing June 26, 2015     118,695      
EUR 2,187     Term Loan, 2.54%, Maturing June 26, 2015     2,670,761      
EUR 410     Term Loan, 3.59%, Maturing March 2, 2016     439,153      
EUR 371     Term Loan, 7.96%, Maturing March 2, 2017(2)     301,402      
EUR 520     Term Loan - Second Lien, 4.71%, Maturing September 2, 2016     508,833      
UPC Broadband Holding B.V.
  1,264     Term Loan, 2.18%, Maturing December 31, 2014     1,234,138      
  1,686     Term Loan, 3.93%, Maturing December 31, 2016     1,667,716      
EUR 2,353     Term Loan, 4.15%, Maturing December 31, 2016     2,990,422      
EUR 2,697     Term Loan, 4.99%, Maturing December 31, 2017     3,464,617      
Virgin Media Investment Holding
GBP 1,000     Term Loan, 4.41%, Maturing December 31, 2015     1,520,078      
YPSO Holding SA
EUR 210     Term Loan, 4.16%, Maturing July 28, 2014(2)     237,352      
EUR 250     Term Loan, 4.16%, Maturing July 28, 2014(2)     283,157      
EUR 544     Term Loan, 4.16%, Maturing July 28, 2014(2)     615,034      
 
 
            $ 58,212,554      
 
 
 
 
Chemicals and Plastics — 6.6%
 
Arizona Chemical, Inc.
  500     Term Loan - Second Lien, 5.75%, Maturing February 28, 2014   $ 488,750      
Brenntag Holding GmbH and Co. KG
  1,493     Term Loan, 4.03%, Maturing December 23, 2013     1,497,034      
  220     Term Loan, 4.07%, Maturing December 23, 2013     220,665      
  1,000     Term Loan - Second Lien, 6.47%, Maturing December 23, 2015     1,003,500      
Celanese Holdings, LLC
  2,109     Term Loan, 2.04%, Maturing April 2, 2014     2,070,170      
Hexion Specialty Chemicals, Inc.
  486     Term Loan, 4.06%, Maturing May 5, 2015     461,938      
  772     Term Loan, 4.06%, Maturing May 5, 2015     745,639      
  1,744     Term Loan, 4.06%, Maturing May 5, 2015     1,683,325      
Huntsman International, LLC
  2,272     Term Loan, 2.06%, Maturing August 16, 2012     2,192,079      
  909     Term Loan, 2.52%, Maturing June 30, 2016     881,489      
INEOS Group
  2,766     Term Loan, 9.50%, Maturing December 14, 2013     2,766,692      
  2,672     Term Loan, 8.00%, Maturing December 14, 2014     2,672,607      
EUR 1,250     Term Loan - Second Lien, 6.40%, Maturing December 14, 2012     1,653,494      
ISP Chemco, Inc.
  1,549     Term Loan, 2.06%, Maturing June 4, 2014     1,511,219      
Kraton Polymers, LLC
  1,881     Term Loan, 2.31%, Maturing May 12, 2013     1,814,870      
Lyondell Chemical Co.
  675     Term Loan, 5.50%, Maturing March 14, 2016     678,249      
MacDermid, Inc.
EUR 693     Term Loan, 2.62%, Maturing April 12, 2014     844,011      

 
See notes to financial statements

6


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Borrower/Tranche Description   Value      
 
 
Chemicals and Plastics (continued)
 
                     
Millenium Inorganic Chemicals
  311     Term Loan, 2.54%, Maturing April 30, 2014   $ 293,306      
  975     Term Loan - Second Lien, 6.04%, Maturing October 31, 2014     912,437      
Momentive Performance Material
  1,669     Term Loan, 2.56%, Maturing December 4, 2013     1,586,187      
Nalco Co.
  496     Term Loan, 6.50%, Maturing May 6, 2016     501,109      
Rockwood Specialties Group, Inc.
  3,194     Term Loan, 6.00%, Maturing May 15, 2014     3,221,328      
Schoeller Arca Systems Holding
EUR 145     Term Loan, 5.01%, Maturing November 16, 2015     127,000      
EUR 412     Term Loan, 5.01%, Maturing November 16, 2015     362,101      
EUR 443     Term Loan, 5.01%, Maturing November 16, 2015     389,656      
Solutia, Inc.
  2,650     Term Loan, 4.75%, Maturing March 12, 2017     2,671,807      
 
 
            $ 33,250,662      
 
 
 
 
Clothing / Textiles — 0.2%
 
Hanesbrands, Inc.
  1,036     Term Loan, 5.25%, Maturing December 10, 2015   $ 1,049,357      
 
 
            $ 1,049,357      
 
 
 
 
Conglomerates — 3.2%
 
Blount, Inc.
  244     Term Loan, 5.50%, Maturing February 9, 2012   $ 243,517      
Doncasters (Dunde HoldCo 4 Ltd.)
  395     Term Loan, 4.27%, Maturing July 13, 2015     352,084      
  395     Term Loan, 4.77%, Maturing July 13, 2015     352,084      
GBP 500     Term Loan - Second Lien, 6.56%, Maturing January 13, 2016     573,769      
Jarden Corp.
  600     Term Loan, 2.04%, Maturing January 24, 2012     598,280      
  1,065     Term Loan, 2.04%, Maturing January 24, 2012     1,062,254      
Manitowoc Company, Inc. (The)
  2,263     Term Loan, 7.50%, Maturing August 21, 2014     2,271,499      
Polymer Group, Inc.
  1,923     Term Loan, 7.00%, Maturing November 22, 2014     1,939,406      
RBS Global, Inc.
  780     Term Loan, 2.56%, Maturing July 19, 2013     753,551      
  3,785     Term Loan, 2.81%, Maturing July 19, 2013     3,704,408      
RGIS Holdings, LLC
  127     Term Loan, 2.79%, Maturing April 30, 2014     120,821      
  2,547     Term Loan, 2.79%, Maturing April 30, 2014     2,416,416      
US Investigations Services, Inc.
  992     Term Loan, 3.27%, Maturing February 21, 2015     927,844      
Vertrue, Inc.
  804     Term Loan, 3.30%, Maturing August 16, 2014     685,782      
 
 
            $ 16,001,715      
 
 
 
 
Containers and Glass Products — 4.1%
 
Berry Plastics Corp.
  1,980     Term Loan, 2.26%, Maturing April 3, 2015   $ 1,854,493      
Consolidated Container Co.
  1,000     Term Loan - Second Lien, 5.75%, Maturing September 28, 2014     902,500      
Crown Americas, Inc.
  600     Term Loan, 2.00%, Maturing November 15, 2012     594,250      
Graham Packaging Holdings Co.
  2,019     Term Loan, 2.50%, Maturing October 7, 2011     2,007,982      
  1,694     Term Loan, 6.75%, Maturing April 5, 2014     1,710,396      
Graphic Packaging International, Inc.
  3,985     Term Loan, 2.30%, Maturing May 16, 2014     3,931,575      
  426     Term Loan, 3.04%, Maturing May 16, 2014     424,275      
JSG Acquisitions
  1,189     Term Loan, 3.67%, Maturing December 31, 2013     1,184,195      
  1,189     Term Loan, 3.92%, Maturing December 13, 2014     1,184,195      
Owens-Brockway Glass Container
  1,540     Term Loan, 1.75%, Maturing June 14, 2013     1,527,370      
Reynolds Group Holdings, Inc.
  1,963     Term Loan, 6.25%, Maturing November 5, 2015     1,975,414      
Smurfit-Stone Container Corp.
  1,466     Revolving Loan, 2.90%, Maturing July 28, 2010     1,473,576      
  487     Revolving Loan, 3.05%, Maturing July 28, 2010     489,913      
  191     Term Loan, 2.50%, Maturing November 1, 2011     190,841      
  336     Term Loan, 2.50%, Maturing November 1, 2011     334,047      
  633     Term Loan, 2.50%, Maturing November 1, 2011     631,206      
  295     Term Loan, 4.50%, Maturing November 1, 2011     293,532      
 
 
            $ 20,709,760      
 
 
 
 
Cosmetics / Toiletries — 1.0%
 
Alliance Boots Holdings, Ltd.
EUR 1,000     Term Loan, Maturing July 5, 2015(6)   $ 1,263,768      
American Safety Razor Co.
  470     Term Loan, 6.75%, Maturing July 31, 2013     436,140      
  900     Term Loan - Second Lien, 10.50%, Maturing July 31, 2014     532,500      

 
See notes to financial statements

7


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Borrower/Tranche Description   Value      
 
 
Cosmetics / Toiletries (continued)
 
                     
Bausch & Lomb, Inc.
  293     Term Loan, 3.54%, Maturing April 30, 2015   $ 287,146      
  1,207     Term Loan, 3.54%, Maturing April 30, 2015     1,184,004      
KIK Custom Products, Inc.
  975     Term Loan - Second Lien, 5.32%, Maturing November 30, 2014     643,500      
Prestige Brands, Inc.
  850     Term Loan, 4.75%, Maturing March 17, 2016     858,500      
 
 
            $ 5,205,558      
 
 
 
 
Drugs — 0.8%
 
Graceway Pharmaceuticals, LLC
  1,412     Term Loan, 3.02%, Maturing May 3, 2012   $ 1,205,252      
  277     Term Loan, 8.52%, Maturing November 3, 2013(2)     58,851      
  1,500     Term Loan - Second Lien, 6.77%, Maturing May 3, 2013     858,750      
Pharmaceutical Holdings Corp.
  173     Term Loan, 3.53%, Maturing January 30, 2012     170,698      
Warner Chilcott Corp.
  732     Term Loan, 5.50%, Maturing October 30, 2014     734,018      
  337     Term Loan, 5.75%, Maturing April 30, 2015     337,959      
  561     Term Loan, 5.75%, Maturing April 30, 2015     562,763      
 
 
            $ 3,928,291      
 
 
 
 
Ecological Services and Equipment — 2.1%
 
Blue Waste B.V. (AVR Acquisition)
EUR 1,000     Term Loan, 2.66%, Maturing April 1, 2015   $ 1,263,213      
Cory Environmental Holdings
GBP 500     Term Loan - Second Lien, 4.85%, Maturing September 30, 2014     592,895      
Environmental Systems Products Holdings, Inc.
  955     Term Loan - Second Lien, 13.50%, Maturing December 12, 2010     929,886      
Kemble Water Structure, Ltd.
GBP 4,250     Term Loan - Second Lien, 4.88%, Maturing October 13, 2013     5,844,316      
Sensus Metering Systems, Inc.
  2,058     Term Loan, 7.00%, Maturing June 3, 2013     2,060,932      
 
 
            $ 10,691,242      
 
 
 
 
Electronics / Electrical — 5.1%
 
Aspect Software, Inc.
  1,664     Term Loan, 3.31%, Maturing July 11, 2011   $ 1,657,192      
  1,800     Term Loan - Second Lien, 7.31%, Maturing July 11, 2013     1,784,624      
Christie/Aix, Inc.
  750     Term Loan, Maturing April 22, 2016(6)     751,875      
FCI International S.A.S.
  156     Term Loan, 3.67%, Maturing November 1, 2013     148,509      
  162     Term Loan, 3.67%, Maturing November 1, 2013     154,259      
  162     Term Loan, 3.67%, Maturing November 1, 2013     154,259      
  156     Term Loan, 3.67%, Maturing November 1, 2013     148,509      
Freescale Semiconductor, Inc.
  2,802     Term Loan, 4.50%, Maturing December 1, 2016     2,698,041      
Infor Enterprise Solutions Holdings
  2,872     Term Loan, 6.03%, Maturing December 1, 2013     2,789,326      
  500     Term Loan, 5.77%, Maturing March 2, 2014     415,000      
  1,498     Term Loan, 6.03%, Maturing July 28, 2015     1,453,427      
  183     Term Loan - Second Lien, 6.52%, Maturing March 2, 2014     148,958      
  317     Term Loan - Second Lien, 6.52%, Maturing March 2, 2014     263,625      
Network Solutions, LLC
  542     Term Loan, 2.55%, Maturing March 7, 2014     518,615      
Open Solutions, Inc.
  2,037     Term Loan, 2.45%, Maturing January 23, 2014     1,841,272      
Sensata Technologies Finance Co.
  2,714     Term Loan, 2.08%, Maturing April 27, 2013     2,625,708      
Spectrum Brands, Inc.
  255     Term Loan, 8.00%, Maturing March 30, 2013     255,498      
  3,982     Term Loan, 8.00%, Maturing March 30, 2013     3,982,880      
VeriFone, Inc.
  2,036     Term Loan, 3.03%, Maturing October 31, 2013     2,005,583      
Vertafore, Inc.
  2,195     Term Loan, 5.50%, Maturing July 31, 2014     2,134,929      
 
 
            $ 25,932,089      
 
 
 
 
Equipment Leasing — 0.6%
 
AWAS Capital, Inc.
  475     Term Loan, 2.06%, Maturing March 22, 2013   $ 448,224      
  1,582     Term Loan - Second Lien, 6.31%, Maturing March 22, 2013     1,324,711      
Hertz Corp.
  1,070     Term Loan, 2.01%, Maturing December 21, 2012     1,058,501      
  15     Term Loan, 2.02%, Maturing December 21, 2012     14,646      
 
 
            $ 2,846,082      
 
 
 
 
Farming / Agriculture — 0.8%
 
CF Industries, Inc.
  2,350     Term Loan, 5.75%, Maturing April 16, 2015     2,368,213      

 
See notes to financial statements

8


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Borrower/Tranche Description   Value      
 
 
Farming / Agriculture (continued)
 
                     
Wm. Bolthouse Farms, Inc.
  1,725     Term Loan, 5.50%, Maturing January 25, 2016   $ 1,738,477      
 
 
            $ 4,106,690      
 
 
 
 
Financial Intermediaries — 2.8%
 
Citco III, Ltd.
  2,868     Term Loan, 4.43%, Maturing June 30, 2014   $ 2,781,709      
First Data Corp.
  995     Term Loan, 3.01%, Maturing September 24, 2014     896,960      
  1,995     Term Loan, 3.03%, Maturing September 24, 2014     1,795,618      
Grosvenor Capital Management
  1,358     Term Loan, 2.25%, Maturing December 5, 2013     1,248,960      
Jupiter Asset Management Group
GBP 405     Term Loan, 2.71%, Maturing June 30, 2015     591,562      
LPL Holdings, Inc.
  3,970     Term Loan, 2.04%, Maturing December 18, 2014     3,873,054      
Nuveen Investments, Inc.
  2,330     Term Loan, 3.32%, Maturing November 2, 2014     2,136,550      
Oxford Acquisition III, Ltd.
  382     Term Loan, 2.31%, Maturing May 24, 2014     356,570      
RJO Holdings Corp. (RJ O’Brien)
  455     Term Loan, 5.26%, Maturing July 31, 2014(2)     307,627      
 
 
            $ 13,988,610      
 
 
 
 
Food Products — 2.8%
 
Acosta, Inc.
  2,986     Term Loan, 2.53%, Maturing July 28, 2013   $ 2,950,727      
Dole Food Company, Inc.
  108     Term Loan, 7.99%, Maturing April 12, 2013     109,017      
  982     Term Loan, 5.01%, Maturing February 1, 2017     993,593      
  395     Term Loan, 5.04%, Maturing February 1, 2017     400,038      
Pinnacle Foods Finance, LLC
  6,568     Term Loan, 3.00%, Maturing April 2, 2014     6,410,150      
Provimi Group SA
  205     Term Loan, 2.52%, Maturing June 28, 2015     196,898      
  252     Term Loan, 2.52%, Maturing June 28, 2015     242,308      
EUR 265     Term Loan, 2.66%, Maturing June 28, 2015     339,085      
EUR 439     Term Loan, 2.66%, Maturing June 28, 2015     560,809      
EUR 457     Term Loan, 2.66%, Maturing June 28, 2015     584,371      
EUR 590     Term Loan, 2.66%, Maturing June 28, 2015     753,575      
EUR 24     Term Loan - Second Lien, 4.66%, Maturing June 28, 2015     27,689      
  148     Term Loan - Second Lien, 4.52%, Maturing December 28, 2016     127,484      
EUR 331     Term Loan - Second Lien, 4.66%, Maturing December 28, 2016     379,233      
 
 
            $ 14,074,977      
 
 
 
 
Food Service — 3.6%
 
AFC Enterprises, Inc.
  288     Term Loan, 7.00%, Maturing May 11, 2011   $ 291,126      
Aramark Corp.
  2,566     Term Loan, 2.17%, Maturing January 26, 2014     2,524,781      
  169     Term Loan, 2.17%, Maturing January 26, 2014     166,259      
GBP 968     Term Loan, 2.77%, Maturing January 27, 2014     1,421,111      
  4,621     Term Loan, 3.54%, Maturing July 26, 2016     4,600,936      
  304     Term Loan, 3.54%, Maturing July 26, 2016     302,580      
Buffets, Inc.
  105     Term Loan, 7.53%, Maturing November 1, 2013     102,234      
  1,250     Term Loan, Maturing April 21, 2015(6)     1,235,548      
  8     Term Loan, 7.39%, Maturing April 22, 2015     7,707      
CBRL Group, Inc.
  963     Term Loan, 1.75%, Maturing April 27, 2013     957,665      
  582     Term Loan, 2.75%, Maturing April 27, 2016     581,947      
NPC International, Inc.
  308     Term Loan, 2.05%, Maturing May 3, 2013     299,327      
OSI Restaurant Partners, LLC
  264     Term Loan, 2.54%, Maturing May 9, 2013     239,802      
  2,881     Term Loan, 2.63%, Maturing May 9, 2014     2,617,011      
QCE Finance, LLC
  1,129     Term Loan, 5.06%, Maturing May 5, 2013     1,039,408      
  950     Term Loan - Second Lien, 6.04%, Maturing November 5, 2013     706,800      
Sagittarius Restaurants, LLC
  349     Term Loan, 9.50%, Maturing March 29, 2013     349,496      
Selecta
EUR 741     Term Loan - Second Lien, 4.99%, Maturing December 28, 2015     720,460      
 
 
            $ 18,164,198      
 
 
 
 
Food / Drug Retailers — 4.2%
 
General Nutrition Centers, Inc.
  6,285     Term Loan, 2.54%, Maturing September 16, 2013   $ 6,121,321      
Pantry, Inc. (The)
  222     Term Loan, 2.03%, Maturing May 15, 2014     213,951      
  771     Term Loan, 2.03%, Maturing May 15, 2014     743,099      
Rite Aid Corp.
  8,259     Term Loan, 2.01%, Maturing June 1, 2014     7,664,955      

 
See notes to financial statements

9


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Borrower/Tranche Description   Value      
 
 
Food / Drug Retailers (continued)
 
                     
  1,059     Term Loan, 6.00%, Maturing June 4, 2014   $ 1,047,908      
  1,000     Term Loan, 9.50%, Maturing June 4, 2014     1,045,833      
Roundy’s Supermarkets, Inc.
  3,314     Term Loan, 6.25%, Maturing November 3, 2013     3,344,858      
  1,000     Term Loan - Second Lien, Maturing April 14, 2016(6)     1,018,750      
 
 
            $ 21,200,675      
 
 
 
 
Forest Products — 1.8%
 
Georgia-Pacific Corp.
  5,945     Term Loan, 2.27%, Maturing December 20, 2012   $ 5,918,940      
  1,778     Term Loan, 2.33%, Maturing December 20, 2012     1,770,198      
  1,559     Term Loan, 3.53%, Maturing December 23, 2014     1,563,996      
 
 
            $ 9,253,134      
 
 
 
 
Health Care — 16.3%
 
Alliance Healthcare Services
  1,222     Term Loan, 5.50%, Maturing June 1, 2016   $ 1,222,955      
American Medical Systems
  324     Term Loan, 2.50%, Maturing July 20, 2012     319,245      
Ardent Medical Services, Inc.
  1,150     Term Loan, 6.50%, Maturing September 9, 2015     1,138,213      
Aveta, Inc.
  1,250     Term Loan, 7.50%, Maturing April 14, 2015     1,231,250      
Biomet, Inc.
  3,754     Term Loan, 3.28%, Maturing December 26, 2014     3,707,888      
EUR 1,194     Term Loan, 3.50%, Maturing December 26, 2014     1,560,148      
Bright Horizons Family Solutions, Inc.
  932     Term Loan, 7.50%, Maturing May 15, 2015     936,891      
Cardinal Health 409, Inc.
  2,172     Term Loan, 2.51%, Maturing January 30, 2012     2,071,674      
Carestream Health, Inc.
  2,461     Term Loan, 2.27%, Maturing April 30, 2013     2,400,303      
  1,000     Term Loan - Second Lien, 5.52%, Maturing October 30, 2013     949,167      
Carl Zeiss Vision Holding GmbH
  1,300     Term Loan, 2.77%, Maturing March 23, 2015     1,095,250      
Community Health Systems, Inc.
  524     Term Loan, 2.50%, Maturing July 25, 2014     509,877      
  10,226     Term Loan, 2.50%, Maturing July 25, 2014     9,954,444      
Concentra, Inc.
  634     Term Loan - Second Lien, 5.80%, Maturing June 25, 2015     584,488      
ConMed Corp.
  456     Term Loan, 1.78%, Maturing April 13, 2013     433,094      
ConvaTec Cidron Healthcare
EUR 746     Term Loan, 4.65%, Maturing July 30, 2016     982,625      
CRC Health Corp.
  473     Term Loan, 2.54%, Maturing February 6, 2013     451,645      
  475     Term Loan, 2.54%, Maturing February 6, 2013     453,915      
Dako EQT Project Delphi
  500     Term Loan - Second Lien, 4.04%, Maturing December 12, 2016     362,500      
DaVita, Inc.
  548     Term Loan, 1.77%, Maturing October 5, 2012     542,974      
DJO Finance, LLC
  704     Term Loan, 3.27%, Maturing May 15, 2014     687,134      
Fenwal, Inc.
  500     Term Loan - Second Lien, 5.50%, Maturing August 28, 2014     435,000      
Fresenius Medical Care Holdings
  489     Term Loan, 1.66%, Maturing March 31, 2013     482,591      
Hanger Orthopedic Group, Inc.
  698     Term Loan, 2.27%, Maturing May 30, 2013     689,385      
Harvard Drug Group, LLC
  121     Term Loan, Maturing April 8, 2016(6)     121,106      
  879     Term Loan, Maturing April 8, 2016(6)     880,769      
HCA, Inc.
  2,572     Term Loan, 2.54%, Maturing November 18, 2013     2,506,387      
  6,168     Term Loan, 3.54%, Maturing March 17, 2017     6,136,368      
Health Management Association, Inc.
  7,098     Term Loan, 2.04%, Maturing February 28, 2014     6,886,866      
HealthSouth Corp.
  1,249     Term Loan, 2.51%, Maturing March 10, 2013     1,229,137      
  1,028     Term Loan, 4.01%, Maturing March 15, 2014     1,028,546      
Iasis Healthcare, LLC
  78     Term Loan, 2.25%, Maturing March 14, 2014     75,857      
  287     Term Loan, 2.27%, Maturing March 14, 2014     279,484      
  829     Term Loan, 2.27%, Maturing March 14, 2014     807,550      
Ikaria Acquisition, Inc.
  1,477     Term Loan, 2.52%, Maturing March 28, 2013     1,460,173      
IM U.S. Holdings, LLC
  977     Term Loan, 2.27%, Maturing June 26, 2014     961,993      
  625     Term Loan - Second Lien, 4.50%, Maturing June 26, 2015     622,396      
IMS Health, Inc.
  1,287     Term Loan, 5.25%, Maturing February 17, 2016     1,297,289      
Lifepoint Hospitals, Inc.
  2,022     Term Loan, 3.01%, Maturing April 15, 2015     2,016,923      
MultiPlan Merger Corp.
  950     Term Loan, 3.56%, Maturing April 12, 2013     935,786      

 
See notes to financial statements

10


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Borrower/Tranche Description   Value      
 
 
Health Care (continued)
 
                     
  1,329     Term Loan, 3.56%, Maturing April 12, 2013   $ 1,308,628      
  800     Term Loan, 6.00%, Maturing June 30, 2013     802,250      
Mylan, Inc.
  3,545     Term Loan, 3.56%, Maturing October 2, 2014     3,546,292      
National Mentor Holdings, Inc.
  62     Term Loan, 2.30%, Maturing June 29, 2013     56,877      
  999     Term Loan, 2.30%, Maturing June 29, 2013     922,835      
National Renal Institutes, Inc.
  703     Term Loan, 9.00%, Maturing March 31, 2013(2)     691,027      
Nyco Holdings
EUR 495     Term Loan, 2.89%, Maturing December 29, 2014     623,514      
EUR 495     Term Loan, 3.64%, Maturing December 29, 2015     623,514      
Physiotherapy Associates, Inc.
  742     Term Loan, 7.50%, Maturing June 27, 2013     594,539      
Prime Healthcare Services, Inc.
  2,325     Term Loan, Maturing April 22, 2015(6)     2,278,500      
RadNet Management, Inc.
  1,100     Term Loan, 5.75%, Maturing April 6, 2016     1,101,146      
ReAble Therapeutics Finance, LLC
  2,494     Term Loan, 2.30%, Maturing November 16, 2013     2,449,116      
RehabCare Group, Inc.
  873     Term Loan, 6.00%, Maturing November 20, 2015     878,268      
Renal Advantage, Inc.
  1     Term Loan, 2.76%, Maturing October 5, 2012     780      
Select Medical Holdings Corp.
  2,353     Term Loan, 4.00%, Maturing August 5, 2014     2,314,295      
Sunrise Medical Holdings, Inc.
EUR 293     Term Loan, 8.00%, Maturing May 13, 2014     389,576      
TZ Merger Sub., Inc. (TriZetto)
  723     Term Loan, 7.50%, Maturing July 24, 2015     728,773      
Vanguard Health Holding Co., LLC
  1,600     Term Loan, 5.00%, Maturing January 29, 2016     1,608,333      
VWR International, Inc.
  980     Term Loan, 2.77%, Maturing June 28, 2013     936,552      
 
 
            $ 82,304,101      
 
 
 
 
Home Furnishings — 1.0%
 
Hunter Fan Co.
  424     Term Loan, 2.76%, Maturing April 16, 2014   $ 386,912      
Interline Brands, Inc.
  255     Term Loan, 2.01%, Maturing June 23, 2013     240,667      
  936     Term Loan, 2.04%, Maturing June 23, 2013     884,086      
National Bedding Co., LLC
  1,461     Term Loan, 2.31%, Maturing August 31, 2011     1,423,584      
  2,050     Term Loan - Second Lien, 5.31%, Maturing August 31, 2012     1,906,500      
 
 
            $ 4,841,749      
 
 
 
 
Industrial Equipment — 3.8%
 
Brand Energy and Infrastructure Services, Inc.
  688     Term Loan, 2.56%, Maturing February 7, 2014   $ 667,147      
  737     Term Loan, 3.56%, Maturing February 7, 2014     721,433      
Bucyrus International, Inc.
  1,300     Term Loan, 4.50%, Maturing February 21, 2016     1,310,442      
CEVA Group PLC U.S.
  862     Term Loan, 3.26%, Maturing January 4, 2014     784,143      
  2,222     Term Loan, 3.26%, Maturing January 4, 2014     2,022,215      
  742     Term Loan, 3.29%, Maturing January 4, 2014     675,599      
EPD Holdings, (Goodyear Engineering Products)
  145     Term Loan, 2.76%, Maturing July 13, 2014     130,346      
  1,013     Term Loan, 2.76%, Maturing July 13, 2014     910,088      
  775     Term Loan - Second Lien, 6.01%, Maturing July 13, 2015     655,521      
Generac Acquisition Corp.
  1,401     Term Loan, 2.79%, Maturing November 7, 2013     1,325,179      
Gleason Corp.
  707     Term Loan, 2.02%, Maturing June 30, 2013     696,209      
Jason, Inc.
  395     Term Loan, 7.00%, Maturing July 30, 2010     296,603      
John Maneely Co.
  2,173     Term Loan, 3.55%, Maturing December 8, 2013     2,095,018      
KION Group GmbH
  1,005     Term Loan, 2.52%, Maturing December 23, 2014(2)     832,942      
  1,005     Term Loan, 2.77%, Maturing December 23, 2015(2)     832,942      
Polypore, Inc.
  3,845     Term Loan, 2.53%, Maturing July 3, 2014     3,758,322      
Sequa Corp.
  794     Term Loan, 3.55%, Maturing November 30, 2014     740,583      
TFS Acquisition Corp.
  700     Term Loan, 14.00%, Maturing August 11, 2013(2)     680,865      
 
 
            $ 19,135,597      
 
 
 
 
Insurance — 3.7%
 
Alliant Holdings I, Inc.
  2,494     Term Loan, 3.29%, Maturing August 21, 2014     2,390,745      

 
See notes to financial statements

11


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Borrower/Tranche Description   Value      
 
 
Insurance (continued)
 
                     
AmWINS Group, Inc.
  980     Term Loan, 2.77%, Maturing June 8, 2013   $ 919,425      
  500     Term Loan - Second Lien, 5.78%, Maturing June 8, 2014     412,500      
Applied Systems, Inc.
  2,118     Term Loan, 2.77%, Maturing September 26, 2013     2,033,656      
CCC Information Services Group, Inc.
  1,549     Term Loan, 2.53%, Maturing February 10, 2013     1,523,249      
Conseco, Inc.
  3,627     Term Loan, 7.50%, Maturing October 10, 2013     3,540,547      
Crawford & Company
  1,162     Term Loan, 5.25%, Maturing October 31, 2013     1,157,476      
Crump Group, Inc.
  775     Term Loan, 3.28%, Maturing August 4, 2014     734,220      
Hub International Holdings, Inc.
  494     Term Loan, 2.79%, Maturing June 13, 2014     468,980      
  2,200     Term Loan, 2.79%, Maturing June 13, 2014     2,086,928      
  572     Term Loan, 6.75%, Maturing June 30, 2014     573,198      
U.S.I. Holdings Corp.
  3,022     Term Loan, 3.05%, Maturing May 4, 2014     2,821,877      
 
 
            $ 18,662,801      
 
 
 
 
Leisure Goods / Activities / Movies — 8.2%
 
24 Hour Fitness Worldwide, Inc.
  1,000     Term Loan, Maturing December 30, 2015(6)   $ 980,000      
AMC Entertainment, Inc.
  3,767     Term Loan, 2.01%, Maturing January 26, 2013     3,684,969      
AMF Bowling Worldwide, Inc.
  1,000     Term Loan - Second Lien, 6.50%, Maturing December 8, 2013     805,000      
Bombardier Recreational Products
  1,823     Term Loan, 3.25%, Maturing June 28, 2013     1,618,482      
Butterfly Wendel US, Inc.
  280     Term Loan, 4.00%, Maturing June 22, 2013     255,598      
  280     Term Loan, 3.75%, Maturing June 22, 2014     255,681      
Carmike Cinemas, Inc.
  2,540     Term Loan, 5.50%, Maturing January 27, 2016     2,543,359      
Cedar Fair, L.P.
  254     Term Loan, 2.27%, Maturing August 30, 2012     252,255      
  2,099     Term Loan, 4.27%, Maturing February 17, 2014     2,098,542      
CFV I, LLC/Hicks Sports Group
  86     Term Loan, 9.33%, Maturing July 1, 2010(2)(3)     88,647      
Cinemark, Inc.
  3,487     Term Loan, 3.54%, Maturing April 29, 2016     3,491,585      
Deluxe Entertainment Services
  59     Term Loan, 2.54%, Maturing January 28, 2011     54,331      
  100     Term Loan, 6.25%, Maturing January 28, 2011     91,599      
  934     Term Loan, 6.25%, Maturing January 28, 2011     859,188      
Fender Musical Instruments Corp.
  330     Term Loan, 2.50%, Maturing June 9, 2014     293,425      
  649     Term Loan, 2.55%, Maturing June 9, 2014     577,977      
Formula One (Alpha D2, Ltd.)
  2,000     Term Loan - Second Lien, 3.82%, Maturing June 30, 2014     1,824,090      
Metro-Goldwyn-Mayer Holdings, Inc.
  2,786     Term Loan, 0.00%, Maturing April 8, 2012(7)     1,293,813      
National CineMedia, LLC
  2,750     Term Loan, 2.01%, Maturing February 13, 2015     2,687,437      
Regal Cinemas Corp.
  5,136     Term Loan, 3.79%, Maturing November 10, 2010     5,146,715      
Revolution Studios Distribution Co., LLC
  973     Term Loan, 4.03%, Maturing December 21, 2014     894,961      
  800     Term Loan - Second Lien, 7.28%, Maturing June 21, 2015     560,000      
Six Flags Theme Parks, Inc.
  2,600     Term Loan, Maturing February 17, 2016(6)     2,574,000      
Southwest Sports Group, LLC
  1,875     Term Loan, 6.75%, Maturing December 22, 2010     1,692,188      
SW Acquisition Co., Inc.
  1,870     Term Loan, 5.75%, Maturing May 31, 2016     1,885,509      
Universal City Development Partners, Ltd.
  2,618     Term Loan, 5.50%, Maturing November 6, 2014     2,636,418      
Zuffa, LLC
  2,328     Term Loan, 2.31%, Maturing June 20, 2016     2,257,090      
 
 
            $ 41,402,859      
 
 
 
 
Lodging and Casinos — 2.5%
 
Ameristar Casinos, Inc.
  1,053     Term Loan, 3.56%, Maturing November 10, 2012   $ 1,052,807      
Harrah’s Operating Co.
  1,223     Term Loan, 3.32%, Maturing January 28, 2015     1,078,436      
  2,993     Term Loan, 9.50%, Maturing October 31, 2016     3,112,822      
LodgeNet Entertainment Corp.
  1,683     Term Loan, 2.30%, Maturing April 4, 2014     1,615,854      
New World Gaming Partners, Ltd.
  1,003     Term Loan, 2.80%, Maturing June 30, 2014     969,537      
  203     Term Loan, 4.79%, Maturing June 30, 2014     196,374      
Penn National Gaming, Inc.
  354     Term Loan, 2.02%, Maturing October 3, 2012     350,685      

 
See notes to financial statements

12


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Borrower/Tranche Description   Value      
 
 
Lodging and Casinos (continued)
 
                     
Tropicana Entertainment, Inc.
  184     Term Loan, 15.00%, Maturing December 29, 2012   $ 206,013      
Venetian Casino Resort/Las Vegas Sands, Inc.
  850     Term Loan, 2.05%, Maturing May 14, 2014     804,980      
  3,365     Term Loan, 2.05%, Maturing May 23, 2014     3,187,146      
 
 
            $ 12,574,654      
 
 
 
 
Nonferrous Metals / Minerals — 1.4%
 
Euramax International, Inc.
  307     Term Loan, 10.00%, Maturing June 29, 2013   $ 270,606      
  314     Term Loan, 14.00%, Maturing June 29, 2013(2)     277,203      
Noranda Aluminum Acquisition
  1,980     Term Loan, 2.27%, Maturing May 18, 2014     1,950,571      
Novelis, Inc.
  615     Term Loan, 2.28%, Maturing June 28, 2014     597,141      
  1,354     Term Loan, 2.29%, Maturing June 28, 2014     1,313,773      
Oxbow Carbon and Mineral Holdings
  2,927     Term Loan, 2.29%, Maturing May 8, 2014     2,874,545      
 
 
            $ 7,283,839      
 
 
 
 
Oil and Gas — 3.4%
 
Atlas Pipeline Partners, L.P.
  903     Term Loan, 6.75%, Maturing July 27, 2014   $ 902,978      
Big West Oil, LLC
  315     Term Loan, 4.50%, Maturing May 1, 2014     313,208      
  396     Term Loan, 4.50%, Maturing May 1, 2014     393,747      
Dresser, Inc.
  1,432     Term Loan, 2.50%, Maturing May 4, 2014     1,396,478      
  1,000     Term Loan - Second Lien, 6.00%, Maturing May 4, 2015     973,000      
Dynegy Holdings, Inc.
  334     Term Loan, 4.03%, Maturing April 2, 2013     328,878      
  5,161     Term Loan, 4.03%, Maturing April 2, 2013     5,080,368      
Enterprise GP Holdings, L.P.
  1,103     Term Loan, 2.53%, Maturing October 31, 2014     1,096,298      
Hercules Offshore, Inc.
  1,596     Term Loan, 6.00%, Maturing July 11, 2013     1,553,637      
Precision Drilling Corp.
  878     Term Loan, 4.26%, Maturing December 23, 2013     864,489      
SemGroup Corp.
  1,070     Term Loan, 7.50%, Maturing June 30, 2011     1,067,648      
  832     Term Loan, 7.60%, Maturing November 27, 2013     831,535      
Sheridan Production Partners I, LLC
  108     Term Loan, 7.75%, Maturing April 20, 2017     108,371      
  177     Term Loan, 7.75%, Maturing April 20, 2017     177,422      
  1,339     Term Loan, 7.75%, Maturing April 20, 2017     1,338,954      
Targa Resources, Inc.
  1,011     Term Loan, 6.00%, Maturing June 4, 2017     1,015,830      
 
 
            $ 17,442,841      
 
 
 
 
Publishing — 6.8%
 
American Media Operations, Inc.
  2,182     Term Loan, 10.00%, Maturing January 31, 2013(2)   $ 2,118,874      
Aster Zweite Beteiligungs GmbH
  1,775     Term Loan, 2.59%, Maturing September 27, 2013     1,664,063      
GateHouse Media Operating, Inc.
  870     Term Loan, 2.26%, Maturing August 28, 2014     430,603      
  2,074     Term Loan, 2.28%, Maturing August 28, 2014     1,026,576      
  674     Term Loan, 2.51%, Maturing August 28, 2014     333,422      
Getty Images, Inc.
  3,591     Term Loan, 6.25%, Maturing July 2, 2015     3,603,397      
Lamar Media Corp.
  1,000     Term Loan, Maturing October 29, 2016(6)     1,004,167      
Laureate Education, Inc.
  346     Term Loan, 3.57%, Maturing August 17, 2014     324,370      
  2,314     Term Loan, 3.57%, Maturing August 17, 2014     2,167,064      
  1,493     Term Loan, 7.00%, Maturing August 31, 2014     1,492,034      
Local Insight Regatta Holdings, Inc.
  1,578     Term Loan, 7.75%, Maturing April 23, 2015     1,396,210      
MediaNews Group, Inc.
  181     Term Loan, 8.50%, Maturing March 19, 2014     170,444      
Merrill Communications, LLC
  1,225     Term Loan, 8.50%, Maturing December 24, 2012     1,144,132      
  1,012     Term Loan - Second Lien, 14.75%, Maturing November 15, 2013(2)     859,818      
Nelson Education, Ltd.
  488     Term Loan, 2.79%, Maturing July 5, 2014     453,375      
Nielsen Finance, LLC
  5,783     Term Loan, 2.25%, Maturing August 9, 2013     5,650,412      
  992     Term Loan, 4.00%, Maturing May 1, 2016     982,867      
PagesJaunes Group, SA
EUR 500     Term Loan, 4.90%, Maturing April 10, 2016     480,986      
Philadelphia Newspapers, LLC
  708     Term Loan, 0.00%, Maturing June 29, 2013(7)     200,032      
SGS International, Inc.
  536     Term Loan, 2.88%, Maturing December 30, 2011     518,840      
Source Interlink Companies, Inc.
  909     Term Loan, 10.75%, Maturing June 18, 2013     913,636      
  515     Term Loan, 15.00%, Maturing June 18, 2013(2)     257,349      

 
See notes to financial statements

13


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Borrower/Tranche Description   Value      
 
 
Publishing (continued)
 
                     
Trader Media Corp.
GBP 1,315     Term Loan, 2.68%, Maturing March 23, 2015   $ 1,876,438      
Tribune Co.
  1,547     Term Loan, 0.00%, Maturing June 4, 2010(7)     1,017,989      
  935     Term Loan, 0.00%, Maturing May 17, 2014(7)     629,383      
  990     Term Loan, 0.00%, Maturing May 17, 2014(7)     658,317      
Xsys, Inc.
  1,509     Term Loan, 2.59%, Maturing September 27, 2013     1,415,140      
  1,699     Term Loan, 2.59%, Maturing September 27, 2014     1,593,276      
 
 
            $ 34,383,214      
 
 
 
 
Radio and Television — 2.8%
 
Block Communications, Inc.
  814     Term Loan, 2.29%, Maturing December 22, 2011   $ 770,129      
CMP KC, LLC
  956     Term Loan, 6.25%, Maturing May 5, 2013(5)     274,426      
CMP Susquehanna Corp.
  1,561     Term Loan, 2.31%, Maturing May 5, 2013     1,334,467      
Discovery Communications, Inc.
  990     Term Loan, 5.25%, Maturing May 14, 2014     1,000,054      
Emmis Operating Co.
  756     Term Loan, 4.29%, Maturing November 2, 2013     697,249      
Gray Television, Inc.
  668     Term Loan, 3.80%, Maturing January 19, 2015     657,622      
HIT Entertainment, Inc.
  750     Term Loan, 5.50%, Maturing March 20, 2012     717,039      
Mission Broadcasting, Inc.
  527     Term Loan, 5.00%, Maturing September 30, 2016     529,133      
NEP II, Inc.
  584     Term Loan, 2.35%, Maturing February 16, 2014     568,361      
Nexstar Broadcasting, Inc.
  824     Term Loan, 5.00%, Maturing September 30, 2016     827,617      
Raycom TV Broadcasting, LLC
  871     Term Loan, 1.81%, Maturing June 25, 2014     809,681      
SFX Entertainment
  866     Term Loan, 3.53%, Maturing June 21, 2013     859,974      
Univision Communications, Inc.
  4,200     Term Loan, 2.54%, Maturing September 29, 2014     3,836,700      
Weather Channel
  1,157     Term Loan, 5.00%, Maturing September 14, 2015     1,169,126      
 
 
            $ 14,051,578      
 
 
 
Rail Industries — 0.4%
 
Kansas City Southern Railway Co.
  1,949     Term Loan, 2.05%, Maturing April 26, 2013   $ 1,927,136      
 
 
            $ 1,927,136      
 
 
 
 
Retailers (Except Food and Drug) — 3.4%
 
American Achievement Corp.
  109     Term Loan, 6.26%, Maturing March 25, 2011   $ 103,347      
Amscan Holdings, Inc.
  455     Term Loan, 2.53%, Maturing May 25, 2013     437,997      
Cumberland Farms, Inc.
  1,515     Term Loan, 2.78%, Maturing September 29, 2013     1,401,158      
Educate, Inc.
  500     Term Loan - Second Lien, 5.55%, Maturing June 14, 2014     441,875      
FTD, Inc.
  1,108     Term Loan, 6.75%, Maturing July 31, 2014     1,110,905      
Harbor Freight Tools USA, Inc.
  873     Term Loan, 5.00%, Maturing February 24, 2016     875,581      
Josten’s Corp.
  1,510     Term Loan, 2.25%, Maturing October 4, 2011     1,501,249      
Neiman Marcus Group, Inc.
  2,967     Term Loan, 2.25%, Maturing April 5, 2013     2,849,563      
Orbitz Worldwide, Inc.
  1,108     Term Loan, 3.28%, Maturing July 25, 2014     1,074,830      
Oriental Trading Co., Inc.
  1,125     Term Loan - Second Lien, 6.26%, Maturing January 31, 2013     298,125      
Pilot Travel Centers, LLC
  1,225     Term Loan, Maturing November 24, 2015(6)     1,235,938      
Rover Acquisition Corp.
  2,177     Term Loan, 2.53%, Maturing October 26, 2013     2,146,603      
Savers, Inc.
  1,200     Term Loan, 5.75%, Maturing March 11, 2016     1,207,500      
Yankee Candle Company, Inc. (The)
  2,421     Term Loan, 2.28%, Maturing February 6, 2014     2,380,709      
 
 
            $ 17,065,380      
 
 
 
 
Steel — 0.3%
 
Niagara Corp.
  1,382     Term Loan, 10.50%, Maturing June 27, 2014(5)   $ 1,381,854      
 
 
            $ 1,381,854      
 
 
 

 
See notes to financial statements

14


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Borrower/Tranche Description   Value      
 
 
 
Surface Transport — 0.3%
 
Oshkosh Truck Corp.
  907     Term Loan, 6.26%, Maturing December 6, 2013   $ 912,916      
Swift Transportation Co., Inc.
  789     Term Loan, 6.31%, Maturing May 10, 2014     769,905      
 
 
            $ 1,682,821      
 
 
 
 
Telecommunications — 5.1%
 
Alaska Communications Systems Holdings, Inc.
  985     Term Loan, 2.04%, Maturing February 1, 2012   $ 967,400      
Asurion Corp.
  3,880     Term Loan, 3.25%, Maturing July 13, 2012     3,841,963      
  1,000     Term Loan - Second Lien, 6.75%, Maturing January 13, 2013     992,000      
CommScope, Inc.
  1,191     Term Loan, 2.79%, Maturing November 19, 2014     1,188,099      
Intelsat Corp.
  2,428     Term Loan, 2.79%, Maturing January 3, 2014     2,384,824      
  2,428     Term Loan, 2.79%, Maturing January 3, 2014     2,384,824      
  2,429     Term Loan, 2.79%, Maturing January 3, 2014     2,385,556      
Intelsat Subsidiary Holding Co.
  941     Term Loan, 2.79%, Maturing July 3, 2013     924,214      
Iowa Telecommunications Services
  1,615     Term Loan, 2.04%, Maturing November 23, 2011     1,611,023      
Macquarie UK Broadcast Ventures, Ltd.
GBP 755     Term Loan, 2.56%, Maturing December 26, 2014     985,743      
NTelos, Inc.
  1,493     Term Loan, 5.75%, Maturing August 13, 2015     1,502,761      
Palm, Inc.
  1,748     Term Loan, 3.80%, Maturing April 24, 2014     1,730,511      
Stratos Global Corp.
  966     Term Loan, 5.00%, Maturing February 13, 2012     960,566      
TowerCo Finance, LLC
  424     Term Loan, 6.00%, Maturing November 24, 2014     428,530      
Trilogy International Partners
  850     Term Loan, 3.79%, Maturing June 29, 2012     760,750      
Windstream Corp.
  3,005     Term Loan, 3.06%, Maturing December 17, 2015     3,009,038      
 
 
            $ 26,057,802      
 
 
 
 
Utilities — 4.3%
 
AEI Finance Holding, LLC
  270     Revolving Loan, 3.27%, Maturing March 30, 2012   $ 256,376      
  1,813     Term Loan, 3.29%, Maturing March 30, 2014     1,723,435      
Astoria Generating Co.
  1,000     Term Loan - Second Lien, 4.03%, Maturing August 23, 2013     977,917      
BRSP, LLC
  977     Term Loan, 7.50%, Maturing June 24, 2014     979,201      
Calpine Corp.
  6,936     DIP Loan, 3.17%, Maturing March 29, 2014     6,699,836      
Electricinvest Holding Co.
GBP 480     Term Loan, 5.05%, Maturing October 24, 2012     620,589      
EUR 477     Term Loan - Second Lien, 4.90%, Maturing October 24, 2012     544,690      
NRG Energy, Inc.
  1,586     Term Loan, 2.00%, Maturing June 1, 2014     1,558,004      
  2,046     Term Loan, 2.04%, Maturing June 1, 2014     2,009,646      
Pike Electric, Inc.
  146     Term Loan, 1.81%, Maturing July 1, 2012     139,659      
  340     Term Loan, 1.81%, Maturing December 10, 2012     324,482      
TXU Texas Competitive Electric Holdings Co., LLC
  995     Term Loan, 3.75%, Maturing October 10, 2014     818,677      
  1,325     Term Loan, 3.75%, Maturing October 10, 2014     1,082,949      
  3,793     Term Loan, 3.75%, Maturing October 10, 2014     3,120,046      
Vulcan Energy Corp.
  1,090     Term Loan, 5.50%, Maturing December 31, 2015     1,103,480      
 
 
            $ 21,958,987      
 
 
     
Total Senior Floating-Rate Interests
   
(identified cost $712,596,831)
  $ 701,272,656      
 
 
                     
                     
Corporate Bonds & Notes — 10.6%
 
Principal
               
Amount*
               
(000’s omitted)     Security   Value      
 
 
 
Air Transport — 0.0%
 
Continental Airlines
  186     7.033%, 6/15/11   $ 187,727      
 
 
            $ 187,727      
 
 
 
 
Automotive — 0.2%
 
Allison Transmission, Inc.
  665     11.25%, 11/1/15(2)(8)   $ 721,525      
American Axle & Manufacturing Holdings, Inc., Sr. Notes
  115     9.25%, 1/15/17(8)     122,762      
  25     7.875%, 3/1/17     23,937      

 
See notes to financial statements

15


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Security   Value      
 
 
Automotive (continued)
 
                     
Commercial Vehicle Group, Inc., Sr. Notes
  100     8.00%, 7/1/13   $ 83,250      
 
 
            $ 951,474      
 
 
 
 
Broadcast Radio and Television — 0.3%
 
Clear Channel Communications, Inc., Sr. Notes
  1,000     6.25%, 3/15/11   $ 982,500      
XM Satellite Radio Holdings, Inc.
  485     13.00%, 8/1/13(8)     552,900      
 
 
            $ 1,535,400      
 
 
 
 
Building and Development — 0.5%
 
Grohe Holding GmbH, Variable Rate
EUR 2,000     3.519%, 1/15/14(9)   $ 2,516,440      
Texas Industries, Inc., Sr. Notes
  115     7.25%, 7/15/13     115,144      
 
 
            $ 2,631,584      
 
 
 
 
Business Equipment and Services — 0.5%
 
Brocade Communications Systems, Inc., Sr. Notes
  30     6.625%, 1/15/18(8)   $ 31,050      
  30     6.875%, 1/15/20(8)     31,125      
Education Management, LLC, Sr. Notes
  390     8.75%, 6/1/14     403,162      
MediMedia USA, Inc., Sr. Sub. Notes
  170     11.375%, 11/15/14(8)     161,075      
RSC Equipment Rental, Inc., Sr. Notes
  750     10.00%, 7/15/17(8)     823,125      
SunGard Data Systems, Inc., Sr. Notes
  500     10.625%, 5/15/15     553,750      
Ticketmaster Entertainment, Inc.
  185     10.75%, 8/1/16     209,050      
West Corp.
  275     9.50%, 10/15/14     286,000      
 
 
            $ 2,498,337      
 
 
 
 
Cable and Satellite Television — 0.5%
 
Virgin Media Finance PLC, Sr. Notes
  2,500     6.50%, 1/15/18(8)   $ 2,525,000      
 
 
            $ 2,525,000      
 
 
 
Chemicals and Plastics — 0.2%
 
CII Carbon, LLC
  185     11.125%, 11/15/15(8)   $ 190,087      
Reichhold Industries, Inc., Sr. Notes
  350     9.00%, 8/15/14(8)     339,500      
Wellman Holdings, Inc., Sr. Sub. Notes
  461     5.00%, 1/29/19(2)(5)     215,966      
 
 
            $ 745,553      
 
 
 
 
Clothing / Textiles — 0.1%
 
Levi Strauss & Co., Sr. Notes
  270     9.75%, 1/15/15   $ 285,188      
Perry Ellis International, Inc., Sr. Sub. Notes
  360     8.875%, 9/15/13     369,000      
 
 
            $ 654,188      
 
 
 
 
Conglomerates — 0.0%
 
RBS Global & Rexnord Corp.
  155     11.75%, 8/1/16   $ 169,144      
 
 
            $ 169,144      
 
 
 
 
Containers and Glass Products — 0.5%
 
Berry Plastics Corp., Sr. Notes, Variable Rate
  2,000     5.053%, 2/15/15   $ 1,965,000      
Intertape Polymer US, Inc., Sr. Sub. Notes
  310     8.50%, 8/1/14     266,600      
 
 
            $ 2,231,600      
 
 
 
 
Cosmetics / Toiletries — 0.3%
 
Revlon Consumer Products Corp.
  1,415     9.75%, 11/15/15(8)   $ 1,460,987      
 
 
            $ 1,460,987      
 
 
 
 
Ecological Services and Equipment — 0.2%
 
Environmental Systems Product Holdings, Inc., Jr. Notes
  437     18.00%, 3/31/15(2)(5)   $ 349,262      
Waste Services, Inc., Sr. Sub. Notes
  440     9.50%, 4/15/14     454,300      
 
 
            $ 803,562      
 
 
 
 
Electronics / Electrical — 0.2%
 
Amkor Technologies, Inc., Sr. Notes
  115     9.25%, 6/1/16     123,050      

 
See notes to financial statements

16


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Security   Value      
 
 
Electronics / Electrical (continued)
 
                     
NXP BV/NXP Funding, LLC, Variable Rate
  775     3.053%, 10/15/13   $ 743,031      
 
 
            $ 866,081      
 
 
 
 
Equipment Leasing — 0.0%
 
Hertz Corp.
  10     8.875%, 1/1/14   $ 10,375      
 
 
            $ 10,375      
 
 
 
 
Financial Intermediaries — 0.6%
 
Ford Motor Credit Co., Sr. Notes
  2,250     12.00%, 5/15/15   $ 2,725,051      
  230     8.00%, 12/15/16     245,471      
 
 
            $ 2,970,522      
 
 
 
 
Food Products — 0.3%
 
ASG Consolidated, LLC/ASG Finance, Inc., Sr. Disc. Notes
  520     11.50%, 11/1/11   $ 540,150      
Smithfield Foods, Inc., Sr. Notes
  1,000     10.00%, 7/15/14(8)     1,127,500      
 
 
            $ 1,667,650      
 
 
 
 
Food Service — 0.3%
 
El Pollo Loco, Inc.
  100     11.75%, 11/15/13   $ 89,500      
NPC International, Inc., Sr. Sub. Notes
  245     9.50%, 5/1/14     249,288      
U.S. Foodservice, Inc., Sr. Notes
  1,000     10.25%, 6/30/15(8)     1,040,000      
 
 
            $ 1,378,788      
 
 
 
 
Food / Drug Retailers — 0.2%
 
General Nutrition Center, Sr. Notes, Variable Rate
  665     5.75%, 3/15/14(2)   $ 636,737      
General Nutrition Center, Sr. Sub. Notes
  385     10.75%, 3/15/15     394,144      
 
 
            $ 1,030,881      
 
 
 
 
Forest Products — 0.2%
 
NewPage Corp., Sr. Notes
  955     11.375%, 12/31/14   $ 986,037      
Verso Paper Holdings, LLC/Verso Paper, Inc.
  225     11.375%, 8/1/16     216,563      
 
 
            $ 1,202,600      
 
 
 
 
Health Care — 0.5%
 
Accellent, Inc.
  285     10.50%, 12/1/13   $ 288,563      
Accellent, Inc., Sr. Notes
  135     8.375%, 2/1/17(8)     137,194      
AMR HoldCo, Inc./EmCare HoldCo, Inc., Sr. Sub. Notes
  240     10.00%, 2/15/15     253,500      
DJO Finance, LLC/DJO Finance Corp.
  190     10.875%, 11/15/14     209,000      
DJO Finance, LLC/DJO Finance Corp., Sr. Notes
  15     10.875%, 11/15/14(8)     16,500      
HCA, Inc.
  115     9.25%, 11/15/16     124,631      
MultiPlan, Inc., Sr. Sub. Notes
  485     10.375%, 4/15/16(8)     504,400      
National Mentor Holdings, Inc.
  290     11.25%, 7/1/14     291,450      
Res-Care, Inc., Sr. Notes
  195     7.75%, 10/15/13     195,975      
US Oncology, Inc.
  515     10.75%, 8/15/14     539,462      
 
 
            $ 2,560,675      
 
 
 
 
Industrial Equipment — 0.4%
 
CEVA Group PLC, Sr. Notes
  165     11.50%, 4/1/18(8)   $ 178,406      
Chart Industries, Inc., Sr. Sub. Notes
  195     9.125%, 10/15/15     197,438      
ESCO Corp., Sr. Notes
  645     8.625%, 12/15/13(8)     670,800      
Terex Corp., Sr. Notes
  1,000     10.875%, 6/1/16     1,127,500      
 
 
            $ 2,174,144      
 
 
 
 
Insurance — 0.0%
 
Alliant Holdings I, Inc.
  100     11.00%, 5/1/15(8)   $ 103,750      
 
 
            $ 103,750      
 
 
 

 
See notes to financial statements

17


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Security   Value      
 
 
 
Leisure Goods / Activities / Movies — 0.2%
 
AMC Entertainment, Inc., Sr. Notes
  110     8.75%, 6/1/19   $ 117,150      
HRP Myrtle Beach Operations, LLC/HRP Myrtle Beach Capital Corp.
  195     12.50%, 4/1/13(5)(7)(8)     0      
HRP Myrtle Beach Operations, LLC/HRP Myrtle Beach Capital Corp.,
Variable Rate
  360     0.00%, 4/1/12(5)(7)(8)     0      
Marquee Holdings, Inc., Sr. Disc. Notes
  500     12.00%, 8/15/14     418,750      
MU Finance PLC, Sr. Notes
  135     8.375%, 2/1/17(8)     132,975      
Royal Caribbean Cruises, Sr. Notes
  95     7.00%, 6/15/13     99,037      
  35     6.875%, 12/1/13     36,400      
  25     7.25%, 6/15/16     25,438      
  50     7.25%, 3/15/18     50,375      
 
 
            $ 880,125      
 
 
 
 
Lodging and Casinos — 1.0%
 
Buffalo Thunder Development Authority
  480     9.375%, 12/15/49(7)(8)   $ 82,800      
CCM Merger, Inc.
  140     8.00%, 8/1/13(8)     129,675      
Chukchansi EDA, Sr. Notes, Variable Rate
  280     4.024%, 11/15/12(8)     221,200      
Fontainebleau Las Vegas Casino, LLC
  485     10.25%, 6/15/49(7)(8)     9,094      
Galaxy Entertainment Finance
  300     9.875%, 12/15/12(8)     314,814      
Greektown Holdings, LLC, Sr. Notes
  95     10.75%, 12/1/13(7)(8)     6,769      
Harrah’s Operating Co., Inc., Sr. Notes
  1,500     11.25%, 6/1/17     1,642,500      
Inn of the Mountain Gods, Sr. Notes
  500     12.00%, 11/15/49(7)     248,125      
Majestic HoldCo, LLC
  140     0.00%, 12/31/49(7)(8)     742      
MGM Mirage, Inc.
  65     8.375%, 2/1/11     66,138      
Mohegan Tribal Gaming Authority, Sr. Sub. Notes
  140     8.00%, 4/1/12     133,700      
  215     7.125%, 8/15/14     175,762      
  230     6.875%, 2/15/15     182,850      
Peninsula Gaming, LLC
  1,000     10.75%, 8/15/17(8)     1,027,500      
Pinnacle Entertainment, Inc., Sr. Sub. Notes
  60     7.50%, 6/15/15     58,050      
Pokagon Gaming Authority, Sr. Notes
  102     10.375%, 6/15/14(8)     107,610      
San Pasqual Casino
  110     8.00%, 9/15/13(8)     107,388      
Seminole Hard Rock Entertainment, Variable Rate
  175     2.757%, 3/15/14(8)     157,281      
Tunica-Biloxi Gaming Authority, Sr. Notes
  310     9.00%, 11/15/15(8)     296,437      
Waterford Gaming, LLC, Sr. Notes
  259     8.625%, 9/15/14(5)(8)     206,734      
 
 
            $ 5,175,169      
 
 
 
 
Nonferrous Metals / Minerals — 0.5%
 
Cloud Peak Energy Resources, LLC/Cloud Peak Energy Finance Corp.
  1,000     8.25%, 12/15/17(8)   $ 1,030,000      
  335     8.50%, 12/15/19(8)     346,725      
FMG Finance PTY, Ltd.
  675     10.625%, 9/1/16(8)     796,500      
Teck Resources, Ltd., Sr. Notes
  335     10.75%, 5/15/19     418,750      
 
 
            $ 2,591,975      
 
 
 
 
Oil and Gas — 0.5%
 
Antero Resources Finance Corp., Sr. Notes
  30     9.375%, 12/1/17(8)   $ 31,200      
Compton Pet Finance Corp.
  360     7.625%, 12/1/13     307,800      
Denbury Resources, Inc., Sr. Sub. Notes
  50     7.50%, 12/15/15     51,625      
El Paso Corp., Sr. Notes
  225     9.625%, 5/15/12     244,071      
Forbes Energy Services, Sr. Notes
  310     11.00%, 2/15/15     290,625      
McJunkin Red Man Corp., Sr. Notes
  1,000     9.50%, 12/15/16(8)     1,046,250      
OPTI Canada, Inc., Sr. Notes
  95     7.875%, 12/15/14     90,962      
  175     8.25%, 12/15/14     168,875      
Petroleum Development Corp., Sr. Notes
  115     12.00%, 2/15/18     124,200      
Petroplus Finance, Ltd.
  145     7.00%, 5/1/17(8)     132,675      

 
See notes to financial statements

18


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Principal
               
Amount*
               
(000’s omitted)     Security   Value      
 
 
Oil and Gas (continued)
 
                     
Quicksilver Resources, Inc.
  110     7.125%, 4/1/16   $ 106,975      
SemGroup Corp.
  540     8.75%, 11/15/15(5)(8)     0      
SESI, LLC, Sr. Notes
  60     6.875%, 6/1/14     60,000      
 
 
            $ 2,655,258      
 
 
 
 
Publishing — 0.3%
 
Laureate Education, Inc.
  1,000     10.00%, 8/15/15(8)   $ 1,037,500      
Local Insight Regatta Holdings, Inc.
  55     11.00%, 12/1/17     39,875      
Nielsen Finance, LLC
  395     10.00%, 8/1/14     416,725      
  70     12.50%, (0.00% until 8/1/11), 8/1/16     68,250      
Reader’s Digest Association, Inc. (The), Sr. Sub. Notes
  455     9.00%, 2/15/17(5)(7)     45      
 
 
            $ 1,562,395      
 
 
 
 
Rail Industries — 0.3%
 
American Railcar Industry, Sr. Notes
  175     7.50%, 3/1/14   $ 171,500      
Kansas City Southern Mexico, Sr. Notes
  280     7.625%, 12/1/13     289,100      
  100     7.375%, 6/1/14     102,500      
  190     8.00%, 6/1/15     201,875      
  500     8.00%, 2/1/18(8)     523,750      
 
 
            $ 1,288,725      
 
 
 
 
Retailers (Except Food and Drug) — 0.6%
 
Amscan Holdings, Inc., Sr. Sub. Notes
  400     8.75%, 5/1/14   $ 407,000      
Neiman Marcus Group, Inc.
  739     9.00%, 10/15/15     761,582      
Sally Holdings, LLC, Sr. Notes
  665     9.25%, 11/15/14     707,394      
  20     10.50%, 11/15/16     22,050      
Toys “R” Us
  1,000     10.75%, 7/15/17(8)     1,140,000      
 
 
            $ 3,038,026      
 
 
 
Steel — 0.0%
 
RathGibson, Inc., Sr. Notes
  445     11.25%, 2/15/14(7)   $ 111,806      
 
 
            $ 111,806      
 
 
 
 
Surface Transport — 0.0%
 
Teekay Corp., Sr. Notes
  50     8.50%, 1/15/20   $ 53,000      
 
 
            $ 53,000      
 
 
 
 
Telecommunications — 1.1%
 
Avaya, Inc.
  1,000     9.75%, 11/1/15   $ 1,012,500      
Clearwire Communications LLC/Clearwire Finance, Inc., Sr. Notes
  500     12.00%, 12/1/15(8)     523,750      
Digicel Group, Ltd., Sr. Notes
  757     9.125%, 1/15/15(2)(8)     768,355      
Intelsat Bermuda, Ltd.
  900     11.25%, 6/15/16     978,750      
NII Capital Corp.
  335     10.00%, 8/15/16(8)     373,525      
Qwest Corp., Sr. Notes, Variable Rate
  925     3.507%, 6/15/13     943,500      
Telesat Canada/Telesat, LLC, Sr. Notes
  590     11.00%, 11/1/15     663,750      
 
 
            $ 5,264,130      
 
 
 
 
Utilities — 0.1%
 
AES Corp., Sr. Notes
  55     8.00%, 10/15/17   $ 56,925      
NGC Corp.
  390     7.625%, 10/15/26     271,050      
Reliant Energy, Inc., Sr. Notes
  20     7.625%, 6/15/14     19,975      
 
 
            $ 347,950      
 
 
     
Total Corporate Bonds & Notes
   
(identified cost $54,778,844)
  $ 53,328,581      
 
 
                     
                     

 
See notes to financial statements

19


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Asset-Backed Securities — 1.0%
 
Principal
               
Amount
               
(000’s omitted)     Security   Value      
 
 
$ 578     Alzette European CLO SA, Series 2004-1A, Class E2, 7.273%, 12/15/20(2)(10)   $ 69,347      
  589     Avalon Capital Ltd. 3, Series 1A, Class D, 2.202%, 2/24/19(8)(10)     390,356      
  753     Babson Ltd., Series 2005-1A, Class C1, 2.253%, 4/15/19(8)(10)     487,582      
  1,007     Bryant Park CDO Ltd., Series 2005-1A, Class C, 2.353%, 1/15/19(2)(8)(10)     393,256      
  1,000     Carlyle High Yield Partners, Series 2004-6A, Class C, 2.70%, 8/11/16(8)(10)     510,000      
  985     Centurion CDO 8 Ltd., Series 2005-8A, Class D, 5.752%, 3/8/17(10)     658,036      
  750     Centurion CDO 9 Ltd., Series 2005-9A, Class D1, 5.054%, 7/17/19(10)     345,975      
  789     Comstock Funding Ltd., Series 2006-1A, Class D, 4.502%, 5/30/20(2)(8)(10)     463,993      
  1,539     Dryden Leveraged Loan, Series 2004-6A, Class C1, 2.799%, 7/30/16(8)(10)     630,316      
  1,000     First CLO Ltd., Series 2004-1A1, Class C, 2.621%, 7/27/16(8)(10)     626,800      
  1,000     Schiller Park CLO Ltd., Series 2007-1A, Class D, 2.066%, 4/25/21(8)(10)     556,700      
 
 
     
Total Asset-Backed Securities
   
(identified cost $9,762,924)
  $ 5,132,361      
 
 
                     
                     
Common Stocks — 1.5%
 
Shares     Security   Value      
 
 
 
Aerospace and Defense — 0.1%
 
  12,734     ACTS Aero Technical Support & Service, Inc.(11)   $ 226,026      
 
 
            $ 226,026      
 
 
 
 
Air Transport — 0.0%
 
  1,535     Delta Air Lines, Inc.(11)   $ 18,543      
 
 
            $ 18,543      
 
 
 
 
Automotive — 0.2%
 
  18,702     Dayco Products, LLC(11)   $ 801,848      
  44,747     Hayes Lemmerz International, Inc.(5)(11)     214,338      
 
 
            $ 1,016,186      
 
 
 
Building and Development — 0.1%
 
  253     Panolam Holdings Co.(5)(11)(12)   $ 139,024      
  508     United Subcontractors, Inc.(5)(11)     32,954      
 
 
            $ 171,978      
 
 
 
 
Chemicals and Plastics — 0.0%
 
  438     Wellman Holdings, Inc.(5)(11)   $ 130,345      
 
 
            $ 130,345      
 
 
 
 
Diversified Manufacturing — 0.0%
 
  323,008     MEGA Brands, Inc.(11)   $ 167,641      
 
 
            $ 167,641      
 
 
 
 
Ecological Services and Equipment — 0.0%
 
  6,211     Environmental Systems Products Holdings, Inc.(5)(11)(12)   $ 108,817      
 
 
            $ 108,817      
 
 
 
 
Food Service — 0.0%
 
  23,029     Buffets, Inc.(11)   $ 115,145      
 
 
            $ 115,145      
 
 
 
 
Lodging and Casinos — 0.1%
 
  35,670     Tropicana Entertainment, Inc.(11)   $ 624,225      
 
 
            $ 624,225      
 
 
 
 
Nonferrous Metals / Minerals — 0.0%
 
  701     Euramax International, Inc.(5)(11)   $ 73,857      
 
 
            $ 73,857      
 
 
 
 
Oil and Gas — 0.0%
 
  1,397     SemGroup Corp.(11)   $ 40,583      
 
 
            $ 40,583      
 
 
 
 
Publishing — 1.0%
 
  619     Dex One Corp.(11)   $ 18,762      
  3,990     Ion Media Networks, Inc.(5)(11)     1,140,661      
  10,718     MediaNews Group, Inc.(11)     171,486      
  112,921     Reader’s Digest Association, Inc. (The)(11)     3,218,248      
  2,290     Source Interlink Companies, Inc.(5)(11)     16,557      
  9,554     SuperMedia, Inc.(11)     428,975      
 
 
            $ 4,994,689      
 
 
 
 

 
See notes to financial statements

20


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
                     
Shares     Security   Value      
 
 
 
Steel — 0.0%
 
  23,138     Niagara Corp.(5)(11)   $ 34,707      
 
 
            $ 34,707      
 
 
     
Total Common Stocks
   
(identified cost $5,891,030)
  $ 7,722,742      
 
 
                     
                     
Preferred Stocks — 0.1%
 
Shares     Security   Value      
 
 
 
Ecological Services and Equipment — 0.1%
 
  2,845     Environmental Systems Products Holdings, Inc., Series A(5)(11)(12)   $ 227,600      
 
 
            $ 227,600      
 
 
 
Telecommunications — 0.0%
 
  484     Crown Castle International Corp., Convertible, 6.25%(2)   $ 28,223      
 
 
            $ 28,223      
 
 
     
Total Preferred Stocks
   
(identified cost $72,790)
  $ 255,823      
 
 
                     
                     
Warrants — 0.0%
 
Shares     Security   Value      
 
 
 
Oil and Gas — 0.0%
 
  1,470     SemGroup Corp., Expires 11/30/14(5)(11)   $ 12,128      
 
 
            $ 12,128      
 
 
 
 
Publishing — 0.0%
 
  1,450     Reader’s Digest Association, Inc. (The), Expires 2/15/17(5)(11)   $ 0      
 
 
            $ 0      
 
 
     
Total Warrants
   
(identified cost $15)
  $ 12,128      
 
 
                     
                     
Miscellaneous — 0.0%
 
Shares     Security   Value      
 
 
 
Air Transport — 0.0%
 
  1,000,000     Delta Air Lines, Inc., Escrow Certificate(11)   $ 23,700      
 
 
            $ 23,700      
 
 
 
 
Oil and Gas — 0.0%
 
  105,000     VeraSun Energy Corp., Escrow Certificate(5)(11)   $ 0      
 
 
            $ 0      
 
 
     
Total Miscellaneous
   
(identified cost $0)
  $ 23,700      
 
 
                     
                     
Short-Term Investments — 6.0%
 
Interest/
               
Principal
               
Amount
               
(000’s omitted)     Description   Value      
 
 
$ 26,929     Eaton Vance Cash Reserves Fund, LLC, 0.19%(13)   $ 26,928,676      
  3,558     State Street Bank and Trust Euro Time Deposit, 0.01%, 5/1/10     3,557,667      
 
 
     
Total Short-Term Investments
   
(identified cost $30,486,343)
  $ 30,486,343      
 
 
     
Total Investments — 157.9%
   
(identified cost $813,588,777)
  $ 798,234,334      
 
 
 
             
Less Unfunded Loan
Commitments — (0.1)%
  $ (244,826 )    
 
 
     
Net Investments — 157.8%
   
(identified cost $813,343,951)
  $ 797,989,508      
 
 
             
Other Assets, Less Liabilities — (31.8)%
  $ (161,016,768 )    
 
 
     
Auction Preferred Shares Plus Cumulative
   
Unpaid Dividends — (26.0)%
  $ (131,306,494 )    
 
 
             
Net Assets Applicable to Common Shares — 100.0%
  $ 505,666,246      
 
 
 
The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.
 
DIP - Debtor In Possession
 
EUR - Euro

 
See notes to financial statements

21


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D
 
GBP - British Pound Sterling
 
 
* In U.S. dollars unless otherwise indicated.
 
(1) Senior floating-rate interests (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will have an expected average life of approximately two to four years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility and includes commitment fees on unfunded loan commitments, if any. Senior Loans typically have rates of interest which are redetermined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base lending rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.
 
(2) Represents a payment-in-kind security which may pay all or a portion of interest/dividends in additional par/shares.
 
(3) Unfunded or partially unfunded loan commitments. See Note 1G for description.
 
(4) Defaulted matured security.
 
(5) Security valued at fair value using methods determined in good faith by or at the direction of the Trustees.
 
(6) This Senior Loan will settle after April 30, 2010, at which time the interest rate will be determined.
 
(7) Currently the issuer is in default with respect to interest payments.
 
(8) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be sold in certain transactions and remain exempt from registration, normally to qualified institutional buyers. At April 30, 2010, the aggregate value of these securities is $25,347,938 or 5.0% of the Trust’s net assets applicable to common shares.
 
(9) Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.
 
(10) Variable rate security. The stated interest rate represents the rate in effect at April 30, 2010.
 
(11) Non-income producing security.
 
(12) Restricted security (See Note 8).
 
(13) Affiliated investment company available to Eaton Vance portfolios and funds which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of April 30, 2010. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC and Cash Management Portfolio, an affiliated investment company, for the six months ended April 30, 2010 was $7,186 and $0, respectively.

 
See notes to financial statements

22


 

 
Eaton Vance Senior Floating-Rate Trust as of April 30, 2010
 
FINANCIAL STATEMENTS (Unaudited)
 
Statement of Assets and Liabilities
 
             
As of April 30, 2010          
 
Assets
 
Unaffiliated investments, at value (identified cost, $786,415,275)
  $ 771,060,832      
Affiliated investment, at value (identified cost, $26,928,676)
    26,928,676      
Foreign currency, at value (identified cost, $1,339,862)
    1,337,688      
Interest and dividends receivable
    4,188,565      
Receivable for investments sold
    6,371,473      
Receivable from the transfer agent
    94,934      
Prepaid expenses
    216,449      
Other assets
    24,930