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:
811-21574
Eaton Vance Floating-Rate Income 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
(Registrants Telephone Number)
May 31
Date of Fiscal Year End
November 30, 2011
Date of Reporting Period
Item 1. Reports to Stockholders
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Eaton Vance
Floating-Rate Income Trust (EFT)
Semiannual Report
November 30, 2011
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Fund shares are not insured by the FDIC and are not deposits
or other obligations of, or guaranteed by, any depository
institution. Shares are subject to investment risks, including
possible loss of principal invested.
Semiannual Report
November 30, 2011
Eaton Vance
Floating-Rate Income Trust
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Table of Contents
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Performance
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2
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Fund Profile
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3
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Endnotes and Additional Disclosures
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4
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Financial Statements
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5
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Officers and Trustees
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36
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Important Notices
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37
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Eaton Vance
Floating-Rate Income Trust
November 30, 2011
Performance
1,2
Portfolio Managers
Scott H. Page, CFA; Ralph Hinckley, CFA
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% Average Annual Total Returns
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Inception Date
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6 Months
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1 Year
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5 Years
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Since
Inception
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Fund at NAV
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6/29/2004
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-1.87%
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4.39%
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3.59%
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4.61%
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Fund at Market Price
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-8.40
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-4.27
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3.21
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4.07
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S&P/LSTA Leveraged Loan Index
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6/29/2004
1
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-1.92%
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2.26%
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4.20%
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4.64
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% Premium/Discount to NAV
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Distributions
3
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-3.77%
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Total Distributions per share for the period
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$0.483
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Distribution Rate at NAV
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6.52%
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Distribution Rate at Market Price
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6.77%
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% Total Leverage
4
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Auction Preferred Shares (APS)
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8.93%
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Borrowings
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27.90
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See Endnotes and Additional Disclosures in this report.
Past performance is no guarantee of future results. Returns are historical and are calculated by
determining the percentage change in net asset value (NAV) or market price (as applicable) with all
distributions reinvested. Fund performance at market price will differ from its results at NAV due
to factors such as changing perceptions about the Fund, market conditions, fluctuations in supply
and demand for Fund shares, or changes in Fund distributions. Investment return and principal value
will fluctuate so that shares, when sold, may be worth more or less than their original cost.
Performance less than one year is cumulative. Performance is for the stated time period only; due
to market volatility, current Fund performance may be lower or higher than the quoted return. For
performance as of the most recent month end, please refer to www.eatonvance.com.
2
Eaton Vance
Floating-Rate Income Trust
November 30, 2011
Fund Profile
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Top 10 Holdings (% of total investments)
5
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SunGard Data Systems, Inc.
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1.3
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%
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Intelsat Jackson Holdings SA
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1.3
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Rite Aid Corp.
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1.1
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Community Health Systems, Inc.
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1.1
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Aramark Corp.
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1.1
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HCA, Inc.
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1.0
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UPC Broadband Holding B.V./UPC Financing Partnership
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0.9
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Nielsen Finance, LLC
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0.9
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Pinnacle Foods Holdings Corp.
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0.8
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Asurion, LLC
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0.8
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Total
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10.3
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%
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Top 10 Sectors (% of total investments)
5
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Health Care
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10.5
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%
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Business Equipment and Services
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9.9
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Electronics/Electrical
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5.9
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Leisure Goods/Activities/Movies
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4.9
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Publishing
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4.7
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Cable and Satellite Television
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4.5
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Financial Intermediaries
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4.4
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Automotive
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4.3
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Chemicals and Plastics
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4.1
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Food Service
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3.7
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Total
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56.9
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%
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Credit Quality (% of loan holdings)
6
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See Endnotes and Additional Disclosures in this report.
3
Eaton Vance
Floating-Rate Income Trust
November 30, 2011
Endnotes and Additional Disclosures
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1
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S&P/LSTA Leveraged Loan Index is an unmanaged index of the
institutional leveraged loan market. Unless otherwise stated, index
returns do not reflect the effect of any applicable sales charges,
commissions, expenses, taxes or leverage, as applicable. It is not
possible to invest directly in an index. Index data is available
as of month-end only.
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2
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Performance results reflect the effects of leverage. Absent
an expense waiver by the investment adviser, the returns would be lower.
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3
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The Distribution Rate is based on the Funds last regular
distribution per share in the period (annualized) divided
by the Funds NAV or market price at the end of the period. The Funds distributions may be
composed of ordinary income, net realized capital gains and return of capital.
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4
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APS leverage represents the liquidation value of the Funds APS
outstanding at period end as a percentage of Fund net assets
applicable to common shares plus APS and borrowings
outstanding. Use of leverage creates an opportunity for income, but
creates risks (including the likelihood of greater price volatility). The
cost of leverage rises and falls with changes in short-term interest
rates. The Fund is required to maintain prescribed asset coverage
for its APS and borrowings, which could be reduced if Fund asset
values decline.
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5
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Excludes cash and cash equivalents.
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6
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Ratings are based on Moodys, S&P or Fitch, as applicable. Credit
ratings are based largely on the rating agencys investment analysis
at the time of rating and the rating assigned to any particular
security is not necessarily a reflection of the issuers current
financial condition. The rating assigned to a security by a rating
agency does not necessarily reflect its assessment of the volatility
of a securitys 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.
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Fund profile subject to change due to active management.
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4
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited)
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Senior Floating-Rate Interests
143.7%
(1)
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Principal
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Amount*
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Borrower/Tranche Description
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(000s omitted)
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Value
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Aerospace and
Defense 2.7%
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Booz Allen Hamilton, Inc.
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Term Loan, 4.00%, Maturing August 3, 2017
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522
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$
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523,354
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DAE Aviation Holdings, Inc.
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Term Loan, 5.43%, Maturing July 31, 2014
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1,414
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1,380,045
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Term Loan, 5.43%, Maturing July 31, 2014
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1,474
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1,438,747
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Ducommun, Inc.
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Term Loan, 5.50%, Maturing June 28, 2017
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599
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592,515
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Dundee Holdco 4, Ltd.
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Term Loan, 4.29%, Maturing May 15, 2015
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432
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356,063
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Term Loan, 4.79%, Maturing May 13, 2016
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432
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356,063
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IAP Worldwide Services, Inc.
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Term Loan, 9.25%, Maturing December 28, 2012
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1,857
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1,787,266
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Sequa Corp.
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Term Loan, 3.63%, Maturing December 3, 2014
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794
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769,890
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Term Loan, 7.00%, Maturing December 3, 2014
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275
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274,599
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Spirit AeroSystems, Inc.
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Term Loan, 3.50%, Maturing September 30, 2016
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1,237
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1,238,269
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TASC, Inc.
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Term Loan, 4.50%, Maturing December 18, 2015
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1,643
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1,616,262
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TransDigm, Inc.
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Term Loan, 4.00%, Maturing February 14, 2017
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3,432
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3,414,467
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Wesco Aircraft Hardware Corp.
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Term Loan, 4.25%, Maturing April 7, 2017
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440
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440,662
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Wyle Services Corp.
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Term Loan, 5.75%, Maturing March 27, 2017
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974
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955,553
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$
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15,143,755
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Air Transport 0.5%
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Evergreen International Aviation, Inc.
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Term Loan, 11.50%, Maturing June 30, 2015
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1,000
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$
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960,000
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Orbitz Worldwide, Inc.
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Term Loan, 3.37%, Maturing July 25, 2014
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2,090
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1,806,651
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$
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2,766,651
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Automotive 6.4%
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Allison Transmission, Inc.
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Term Loan, 2.75%, Maturing August 7, 2014
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3,690
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$
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3,568,456
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Autoparts Holdings, Ltd.
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Term Loan, 6.50%, Maturing July 28, 2017
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475
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476,781
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Chrysler Group, LLC
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Term Loan, 6.00%, Maturing May 24, 2017
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5,413
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4,988,367
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Delphi Corp.
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Term Loan, 3.50%, Maturing March 31, 2017
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2,181
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2,172,743
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Federal-Mogul Corp.
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Term Loan, 2.19%, Maturing December 29, 2014
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3,572
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3,315,536
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Term Loan, 2.19%, Maturing December 28, 2015
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2,218
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2,058,160
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Goodyear Tire & Rubber Co.
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Term Loan - Second Lien, 1.93%, Maturing April 30, 2014
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7,175
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6,941,813
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HHI Holdings, LLC
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Term Loan, 7.00%, Maturing March 21, 2017
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572
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564,973
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Metaldyne Company, LLC
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Term Loan, 5.25%, Maturing May 18, 2017
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2,392
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2,360,112
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SRAM, LLC
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Term Loan, 4.76%, Maturing June 7, 2018
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1,441
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1,433,663
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Term Loan - Second Lien, 8.50%, Maturing December 7,
2018
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500
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502,500
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TI Automotive, Ltd.
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Term Loan, 9.50%, Maturing July 29, 2016
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990
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992,475
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Tomkins, LLC
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Term Loan, 4.25%, Maturing September 21, 2016
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2,186
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2,169,195
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TriMas Corp.
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Term Loan, 4.25%, Maturing June 21, 2017
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1,172
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1,169,132
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Veyance Technologies, Inc.
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Term Loan, 2.76%, Maturing July 31, 2014
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366
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333,782
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Term Loan, 2.76%, Maturing July 31, 2014
|
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2,553
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2,330,403
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Term Loan - Second Lien, 6.01%, Maturing July 31, 2015
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850
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711,875
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$
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36,089,966
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Building and
Development 1.9%
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Armstrong World Industries, Inc.
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Term Loan, 4.00%, Maturing March 9, 2018
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746
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$
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738,166
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Beacon Sales Acquisition, Inc.
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Term Loan, 2.33%, Maturing September 30, 2013
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1,136
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|
1,095,705
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Forestar Real Estate Group, Inc.
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Revolving Loan, 0.49%, Maturing August 6,
2013
(2)
|
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268
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251,954
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|
Term Loan, 6.50%, Maturing August 6, 2015
|
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2,457
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2,358,629
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Goodman Global Holdings, Inc.
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Term Loan, 5.75%, Maturing October 28, 2016
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1,908
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|
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|
1,909,004
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NCI Building Systems, Inc.
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Term Loan, 8.00%, Maturing April 18, 2014
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166
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|
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161,911
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November 2005 Land Investors, LLC
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Term Loan, 0.00%, Maturing March 29,
2013
(3)(4)
|
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|
305
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|
|
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45,726
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Panolam Industries International, Inc.
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Term Loan, 8.25%, Maturing December 31, 2013
|
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1,478
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|
|
|
1,411,123
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See Notes to
Financial Statements.
5
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
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Principal
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Amount*
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Borrower/Tranche Description
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(000s omitted)
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Value
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|
Building and
Development (continued)
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RE/MAX International, Inc.
|
Term Loan, 5.50%, Maturing April 15, 2016
|
|
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|
|
1,997
|
|
|
$
|
1,987,386
|
|
|
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Realogy Corp.
|
Term Loan, 3.20%, Maturing October 10, 2013
|
|
|
|
|
116
|
|
|
|
107,579
|
|
|
|
Term Loan, 3.44%, Maturing October 10, 2013
|
|
|
|
|
662
|
|
|
|
610,979
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
10,678,162
|
|
|
|
|
|
|
|
Business Equipment and
Services 15.1%
|
|
Acosta, Inc.
|
Term Loan, 4.75%, Maturing March 1, 2018
|
|
|
|
|
2,438
|
|
|
$
|
2,373,759
|
|
|
|
Acxiom Corp.
|
Term Loan, 3.35%, Maturing March 15, 2015
|
|
|
|
|
831
|
|
|
|
834,824
|
|
|
|
Advantage Sales & Marketing, Inc.
|
Term Loan, 5.25%, Maturing December 18, 2017
|
|
|
|
|
2,109
|
|
|
|
2,084,456
|
|
|
|
Affinion Group, Inc.
|
Term Loan, 5.00%, Maturing October 10, 2016
|
|
|
|
|
5,179
|
|
|
|
4,700,231
|
|
|
|
Allied Security Holdings, LLC
|
Term Loan, 5.00%, Maturing February 3, 2017
|
|
|
|
|
647
|
|
|
|
646,750
|
|
|
|
Altegrity, Inc.
|
Term Loan, 3.00%, Maturing February 21, 2015
|
|
|
|
|
784
|
|
|
|
731,691
|
|
|
|
Term Loan, 7.75%, Maturing February 20, 2015
|
|
|
|
|
860
|
|
|
|
854,060
|
|
|
|
Audatex North America, Inc.
|
Term Loan, 3.31%, Maturing May 16, 2014
|
|
EUR
|
|
|
811
|
|
|
|
1,074,054
|
|
|
|
BAR/BRI Review Courses, Inc.
|
Term Loan, 6.00%, Maturing June 16, 2017
|
|
|
|
|
800
|
|
|
|
788,000
|
|
|
|
Brand Energy and Infrastructure Services, Inc.
|
Term Loan, 2.63%, Maturing February 7, 2014
|
|
|
|
|
682
|
|
|
|
559,645
|
|
|
|
Term Loan, 3.80%, Maturing February 7, 2014
|
|
|
|
|
823
|
|
|
|
683,268
|
|
|
|
Brickman Group Holdings, Inc.
|
Term Loan, 7.25%, Maturing October 14, 2016
|
|
|
|
|
1,315
|
|
|
|
1,310,131
|
|
|
|
Brock Holdings III, Inc.
|
Term Loan, 6.00%, Maturing March 16, 2017
|
|
|
|
|
1,294
|
|
|
|
1,248,227
|
|
|
|
ClientLogic Corp.
|
Term Loan, 7.14%, Maturing January 30, 2017
|
|
|
|
|
1,790
|
|
|
|
1,673,689
|
|
|
|
Crawford & Company
|
Term Loan, 5.00%, Maturing October 30, 2013
|
|
|
|
|
1,252
|
|
|
|
1,252,218
|
|
|
|
DynCorp International, LLC
|
Term Loan, 6.25%, Maturing July 7, 2016
|
|
|
|
|
820
|
|
|
|
808,162
|
|
|
|
Education Management, LLC
|
Term Loan, 2.13%, Maturing June 3, 2013
|
|
|
|
|
3,731
|
|
|
|
3,522,626
|
|
|
|
Endurance International Group, Inc. (The)
|
Term Loan, 8.00%, Maturing October 3, 2016
|
|
|
|
|
950
|
|
|
|
954,750
|
|
|
|
Fidelity National Information Solutions, Inc.
|
Term Loan, 5.25%, Maturing July 18, 2016
|
|
|
|
|
1,721
|
|
|
|
1,727,833
|
|
|
|
Go Daddy Operating Company, LLC
|
Term Loan, Maturing September 29,
2017
(5)
|
|
|
|
|
1,650
|
|
|
|
1,650,000
|
|
|
|
IMS Health, Inc.
|
Term Loan, 4.50%, Maturing August 25, 2017
|
|
|
|
|
1,428
|
|
|
|
1,424,846
|
|
|
|
KAR Auction Services, Inc.
|
Term Loan, 5.00%, Maturing May 19, 2017
|
|
|
|
|
3,241
|
|
|
|
3,200,712
|
|
|
|
Kronos, Inc.
|
Term Loan, 2.12%, Maturing June 11, 2014
|
|
|
|
|
1,138
|
|
|
|
1,092,540
|
|
|
|
Term Loan, 6.12%, Maturing June 11, 2015
|
|
|
|
|
1,000
|
|
|
|
942,500
|
|
|
|
Language Line, LLC
|
Term Loan, 6.25%, Maturing June 20, 2016
|
|
|
|
|
2,367
|
|
|
|
2,337,629
|
|
|
|
Meritas, LLC
|
Term Loan, 7.50%, Maturing July 28, 2017
|
|
|
|
|
902
|
|
|
|
888,347
|
|
|
|
Mitchell International, Inc.
|
Term Loan, 2.38%, Maturing March 28, 2014
|
|
|
|
|
962
|
|
|
|
918,315
|
|
|
|
Term Loan - Second Lien, 5.63%, Maturing March 30, 2015
|
|
|
|
|
1,000
|
|
|
|
936,250
|
|
|
|
MSCI, Inc.
|
Term Loan, 3.75%, Maturing March 14, 2017
|
|
|
|
|
3,300
|
|
|
|
3,322,438
|
|
|
|
N.E.W. Holdings I, LLC
|
Term Loan, 6.00%, Maturing March 23, 2016
|
|
|
|
|
1,778
|
|
|
|
1,744,172
|
|
|
|
National CineMedia, LLC
|
Term Loan, 1.84%, Maturing February 13, 2015
|
|
|
|
|
2,162
|
|
|
|
2,092,478
|
|
|
|
Protection One Alarm Monitoring, Inc.
|
Term Loan, 6.00%, Maturing June 4, 2016
|
|
|
|
|
1,712
|
|
|
|
1,699,332
|
|
|
|
Quantum Corp.
|
Term Loan, 3.83%, Maturing July 14, 2014
|
|
|
|
|
82
|
|
|
|
80,081
|
|
|
|
Quintiles Transnational Corp.
|
Term Loan, 5.00%, Maturing June 8, 2018
|
|
|
|
|
4,838
|
|
|
|
4,724,993
|
|
|
|
Sabre, Inc.
|
Term Loan, 2.31%, Maturing September 30, 2014
|
|
|
|
|
7,231
|
|
|
|
5,961,787
|
|
|
|
Sensus USA, Inc.
|
Term Loan, 4.75%, Maturing May 9, 2017
|
|
|
|
|
771
|
|
|
|
757,630
|
|
|
|
Term Loan - Second Lien, 8.50%, Maturing May 9, 2018
|
|
|
|
|
1,000
|
|
|
|
984,375
|
|
|
|
Softlayer Technologies, Inc.
|
Term Loan, 7.25%, Maturing November 5, 2016
|
|
|
|
|
720
|
|
|
|
720,462
|
|
|
|
SunGard Data Systems, Inc.
|
Term Loan, 2.00%, Maturing February 28, 2014
|
|
|
|
|
2,181
|
|
|
|
2,150,839
|
|
|
|
Term Loan, 3.98%, Maturing February 26, 2016
|
|
|
|
|
9,964
|
|
|
|
9,714,441
|
|
|
|
SymphonyIRI Group, Inc.
|
Term Loan, 5.00%, Maturing December 1, 2017
|
|
|
|
|
948
|
|
|
|
938,149
|
|
|
|
TransUnion, LLC
|
Term Loan, 4.75%, Maturing February 12, 2018
|
|
|
|
|
2,239
|
|
|
|
2,220,842
|
|
|
|
See Notes to
Financial Statements.
6
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount*
|
|
|
|
|
|
|
Borrower/Tranche Description
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Business Equipment and
Services (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Travelport, LLC
|
Term Loan, 4.87%, Maturing August 21, 2015
|
|
|
|
|
584
|
|
|
$
|
488,342
|
|
|
|
Term Loan, 4.87%, Maturing August 21, 2015
|
|
|
|
|
2,262
|
|
|
|
1,891,938
|
|
|
|
Term Loan, 4.87%, Maturing August 21, 2015
|
|
|
|
|
682
|
|
|
|
570,171
|
|
|
|
Term Loan, 6.05%, Maturing August 21, 2015
|
|
EUR
|
|
|
741
|
|
|
|
804,225
|
|
|
|
U.S. Security Holdings, Inc.
|
Term Loan, 1.50%, Maturing July 28,
2017
(2)
|
|
|
|
|
134
|
|
|
|
132,458
|
|
|
|
Term Loan, 6.00%, Maturing July 28, 2017
|
|
|
|
|
691
|
|
|
|
680,167
|
|
|
|
West Corp.
|
Term Loan, 4.61%, Maturing July 15, 2016
|
|
|
|
|
2,126
|
|
|
|
2,114,997
|
|
|
|
Term Loan, 4.63%, Maturing July 15, 2016
|
|
|
|
|
747
|
|
|
|
742,586
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
85,756,416
|
|
|
|
|
|
|
|
Cable and Satellite
Television 7.1%
|
|
Atlantic Broadband Finance, LLC
|
Term Loan, 4.00%, Maturing March 8, 2016
|
|
|
|
|
1,462
|
|
|
$
|
1,418,402
|
|
|
|
BBHI Acquisition, LLC
|
Term Loan, 4.50%, Maturing December 14, 2017
|
|
|
|
|
1,414
|
|
|
|
1,389,562
|
|
|
|
Bragg Communications, Inc.
|
Term Loan, 3.02%, Maturing August 31, 2014
|
|
|
|
|
2,030
|
|
|
|
2,014,664
|
|
|
|
Cequel Communications, LLC
|
Term Loan, 2.25%, Maturing November 5, 2013
|
|
|
|
|
2,124
|
|
|
|
2,098,103
|
|
|
|
Charter Communications Operating, LLC
|
Term Loan, 3.62%, Maturing September 6, 2016
|
|
|
|
|
990
|
|
|
|
977,253
|
|
|
|
Crown Media Holdings, Inc.
|
Term Loan, 5.75%, Maturing July 14, 2018
|
|
|
|
|
574
|
|
|
|
567,827
|
|
|
|
CSC Holdings, Inc.
|
Term Loan, 3.26%, Maturing March 29, 2016
|
|
|
|
|
3,740
|
|
|
|
3,637,010
|
|
|
|
Insight Midwest Holdings, LLC
|
Term Loan, 2.00%, Maturing April 7, 2014
|
|
|
|
|
3,512
|
|
|
|
3,480,381
|
|
|
|
Lavena Holdings 4 GmbH
|
Term Loan, 4.20%, Maturing March 6, 2015
|
|
EUR
|
|
|
369
|
|
|
|
382,786
|
|
|
|
Term Loan, 4.45%, Maturing March 4, 2016
|
|
EUR
|
|
|
369
|
|
|
|
382,786
|
|
|
|
Term Loan, 8.83%, Maturing March 6,
2017
(6)
|
|
EUR
|
|
|
443
|
|
|
|
307,364
|
|
|
|
Term Loan - Second Lien, 5.58%, Maturing September 2,
2016
|
|
EUR
|
|
|
565
|
|
|
|
470,203
|
|
|
|
MCC Iowa, LLC
|
Term Loan, 1.95%, Maturing January 30, 2015
|
|
|
|
|
3,772
|
|
|
|
3,574,221
|
|
|
|
Mediacom, LLC
|
Term Loan, 4.50%, Maturing October 23, 2017
|
|
|
|
|
913
|
|
|
|
889,460
|
|
|
|
Mediacom Broadband, LLC
|
Term Loan, 4.50%, Maturing October 23, 2017
|
|
|
|
|
1,654
|
|
|
|
1,618,224
|
|
|
|
Mediacom Illinois, LLC
|
Term Loan, 1.95%, Maturing January 30, 2015
|
|
|
|
|
3,903
|
|
|
|
3,691,213
|
|
|
|
Term Loan, 5.50%, Maturing March 31, 2017
|
|
|
|
|
980
|
|
|
|
968,669
|
|
|
|
NDS Finance, Ltd.
|
Term Loan, 4.00%, Maturing March 12, 2018
|
|
|
|
|
1,517
|
|
|
|
1,490,821
|
|
|
|
P7S1 Broadcasting Holding II B.V.
|
Term Loan, 3.97%, Maturing July 1, 2016
|
|
EUR
|
|
|
1,781
|
|
|
|
2,201,612
|
|
|
|
UPC Broadband Holding B.V.
|
Term Loan, 5.12%, Maturing December 31, 2016
|
|
EUR
|
|
|
2,614
|
|
|
|
3,280,321
|
|
|
|
Term Loan, 5.37%, Maturing December 29, 2017
|
|
EUR
|
|
|
1,732
|
|
|
|
2,187,556
|
|
|
|
UPC Financing Partnership
|
Term Loan, 3.87%, Maturing December 30, 2016
|
|
|
|
|
429
|
|
|
|
418,409
|
|
|
|
Term Loan, 3.75%, Maturing December 29, 2017
|
|
|
|
|
1,410
|
|
|
|
1,374,776
|
|
|
|
Term Loan, 4.75%, Maturing December 29, 2017
|
|
|
|
|
425
|
|
|
|
420,662
|
|
|
|
YPSO Holding SA
|
Term Loan, 4.81%, Maturing June 6,
2016
(6)
|
|
EUR
|
|
|
204
|
|
|
|
225,143
|
|
|
|
Term Loan, 4.81%, Maturing June 6,
2016
(6)
|
|
EUR
|
|
|
243
|
|
|
|
268,592
|
|
|
|
Term Loan, 4.81%, Maturing June 6,
2016
(6)
|
|
EUR
|
|
|
497
|
|
|
|
548,876
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
40,284,896
|
|
|
|
|
|
|
|
Chemicals and
Plastics 6.3%
|
|
Arizona Chemical, Inc.
|
Term Loan, 5.50%, Maturing November 21, 2016
|
|
|
|
|
350
|
|
|
$
|
350,521
|
|
|
|
Ashland, Inc.
|
Term Loan, 3.75%, Maturing August 23, 2018
|
|
|
|
|
2,200
|
|
|
|
2,210,485
|
|
|
|
General Chemical Corp.
|
Term Loan, 5.00%, Maturing October 6, 2015
|
|
|
|
|
624
|
|
|
|
622,418
|
|
|
|
Houghton International, Inc.
|
Term Loan, 6.75%, Maturing January 29, 2016
|
|
|
|
|
916
|
|
|
|
916,409
|
|
|
|
Huntsman International, LLC
|
Term Loan, 1.83%, Maturing April 21, 2014
|
|
|
|
|
573
|
|
|
|
557,780
|
|
|
|
Term Loan, 2.58%, Maturing June 30, 2016
|
|
|
|
|
855
|
|
|
|
817,401
|
|
|
|
Term Loan, 2.88%, Maturing April 19, 2017
|
|
|
|
|
1,563
|
|
|
|
1,503,426
|
|
|
|
Ineos Holdings, Ltd.
|
Term Loan, 9.00%, Maturing June 16, 2015
|
|
EUR
|
|
|
1,250
|
|
|
|
1,500,864
|
|
|
|
Ineos US Finance, LLC
|
Term Loan, 7.50%, Maturing December 16, 2013
|
|
|
|
|
2,632
|
|
|
|
2,652,193
|
|
|
|
Term Loan, 8.00%, Maturing December 16, 2014
|
|
|
|
|
2,624
|
|
|
|
2,643,557
|
|
|
|
MacDermid, Inc.
|
Term Loan, 2.26%, Maturing April 11, 2014
|
|
|
|
|
480
|
|
|
|
469,163
|
|
|
|
Momentive Performance Materials, Inc. (Nautilus)
|
Term Loan, 3.81%, Maturing May 5, 2015
|
|
|
|
|
3,262
|
|
|
|
3,113,291
|
|
|
|
Momentive Specialty Chemicals, Inc.
|
Term Loan, 4.00%, Maturing May 5, 2015
|
|
|
|
|
479
|
|
|
|
457,206
|
|
|
|
See Notes to
Financial Statements.
7
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount*
|
|
|
|
|
|
|
Borrower/Tranche Description
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Chemicals and
Plastics (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan, 4.00%, Maturing May 5, 2015
|
|
|
|
|
1,879
|
|
|
$
|
1,800,770
|
|
|
|
Term Loan, 4.13%, Maturing May 5, 2015
|
|
|
|
|
845
|
|
|
|
809,656
|
|
|
|
Nalco Co.
|
Term Loan, 7.25%, Maturing October 5, 2017
|
|
|
|
|
1,559
|
|
|
|
1,562,498
|
|
|
|
Norit NV
|
Term Loan, 6.75%, Maturing July 7, 2017
|
|
|
|
|
1,400
|
|
|
|
1,393,000
|
|
|
|
OM Group, Inc.
|
Term Loan, 5.75%, Maturing August 2, 2017
|
|
|
|
|
575
|
|
|
|
572,125
|
|
|
|
Omnova Solutions, Inc.
|
Term Loan, 5.75%, Maturing May 31, 2017
|
|
|
|
|
990
|
|
|
|
978,863
|
|
|
|
Rockwood Specialties Group, Inc.
|
Term Loan, 3.50%, Maturing February 9, 2018
|
|
|
|
|
2,388
|
|
|
|
2,401,929
|
|
|
|
Schoeller Arca Systems Holding B.V.
|
Term Loan, 6.04%, Maturing November 16, 2015
|
|
EUR
|
|
|
72
|
|
|
|
70,881
|
|
|
|
Term Loan, 6.04%, Maturing November 16, 2015
|
|
EUR
|
|
|
206
|
|
|
|
202,095
|
|
|
|
Term Loan, 6.04%, Maturing November 16, 2015
|
|
EUR
|
|
|
222
|
|
|
|
217,474
|
|
|
|
Solutia, Inc.
|
Term Loan, 3.50%, Maturing August 1, 2017
|
|
|
|
|
2,351
|
|
|
|
2,357,838
|
|
|
|
Styron S.A.R.L., LLC
|
Term Loan, 6.00%, Maturing August 2, 2017
|
|
|
|
|
3,126
|
|
|
|
2,704,314
|
|
|
|
Univar, Inc.
|
Term Loan, 5.00%, Maturing June 30, 2017
|
|
|
|
|
2,762
|
|
|
|
2,685,741
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
35,571,898
|
|
|
|
|
|
|
|
Clothing / Textiles 0.2%
|
|
Phillips-Van Heusen Corp.
|
Term Loan, 3.50%, Maturing May 6, 2016
|
|
|
|
|
621
|
|
|
$
|
623,063
|
|
|
|
Warnaco, Inc.
|
Term Loan, 3.75%, Maturing June 15, 2018
|
|
|
|
|
549
|
|
|
|
545,882
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,168,945
|
|
|
|
|
|
|
|
Conglomerates 2.7%
|
|
Financiere SPIE S.A.S.
|
Term Loan, 5.95%, Maturing June 29, 2018
|
|
EUR
|
|
|
2,000
|
|
|
$
|
2,553,029
|
|
|
|
Jason, Inc.
|
Term Loan, 8.25%, Maturing September 21, 2014
|
|
|
|
|
192
|
|
|
|
190,989
|
|
|
|
Term Loan, 7.75%, Maturing September 22, 2014
|
|
|
|
|
250
|
|
|
|
245,625
|
|
|
|
Term Loan, 8.25%, Maturing September 22, 2014
|
|
|
|
|
77
|
|
|
|
75,599
|
|
|
|
Rexnord
Corp.
|
Term Loan, 2.56%, Maturing July 19, 2013
|
|
|
|
|
333
|
|
|
|
328,166
|
|
|
|
Term Loan, 2.89%, Maturing July 19, 2013
|
|
|
|
|
4,425
|
|
|
|
4,377,985
|
|
|
|
RGIS Holdings, LLC
|
Term Loan, 2.87%, Maturing April 30, 2014
|
|
|
|
|
128
|
|
|
|
123,203
|
|
|
|
Term Loan, 2.87%, Maturing April 30, 2014
|
|
|
|
|
2,560
|
|
|
|
2,464,067
|
|
|
|
Spectrum Brands, Inc.
|
Term Loan, 5.00%, Maturing June 17, 2016
|
|
|
|
|
2,549
|
|
|
|
2,552,957
|
|
|
|
Walter Energy, Inc.
|
Term Loan, 4.00%, Maturing April 2, 2018
|
|
|
|
|
2,500
|
|
|
|
2,459,451
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
15,371,071
|
|
|
|
|
|
|
|
Containers and Glass
Products 2.8%
|
|
Berry Plastics Corp.
|
Term Loan, 2.25%, Maturing April 3, 2015
|
|
|
|
|
1,852
|
|
|
$
|
1,756,829
|
|
|
|
BWAY Corp.
|
Term Loan, 4.50%, Maturing February 23, 2018
|
|
|
|
|
76
|
|
|
|
74,161
|
|
|
|
Term Loan, 4.50%, Maturing February 23, 2018
|
|
|
|
|
821
|
|
|
|
804,502
|
|
|
|
Consolidated Container Co., LLC
|
Term Loan - Second Lien, 5.75%, Maturing September 28,
2014
|
|
|
|
|
1,000
|
|
|
|
833,750
|
|
|
|
Graphic Packaging International, Inc.
|
Term Loan, 3.14%, Maturing May 16, 2014
|
|
|
|
|
1,136
|
|
|
|
1,134,928
|
|
|
|
Hilex Poly Co., LLC
|
Term Loan, 11.25%, Maturing November 16, 2015
|
|
|
|
|
925
|
|
|
|
906,500
|
|
|
|
Pelican Products, Inc.
|
Term Loan, 5.00%, Maturing March 7, 2017
|
|
|
|
|
868
|
|
|
|
861,924
|
|
|
|
Reynolds Group Holdings, Inc.
|
Term Loan, 6.50%, Maturing February 9, 2018
|
|
|
|
|
3,010
|
|
|
|
2,949,678
|
|
|
|
Term Loan, 6.50%, Maturing August 9, 2018
|
|
|
|
|
3,175
|
|
|
|
3,131,344
|
|
|
|
Sealed Air Corp.
|
Term Loan, 4.75%, Maturing October 3, 2018
|
|
|
|
|
716
|
|
|
|
722,798
|
|
|
|
Smurfit Kappa Acquisitions
|
Term Loan, 3.52%, Maturing December 31, 2014
|
|
|
|
|
1,325
|
|
|
|
1,322,018
|
|
|
|
Term Loan, 3.77%, Maturing December 31, 2014
|
|
|
|
|
1,325
|
|
|
|
1,322,018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
15,820,450
|
|
|
|
|
|
|
|
Cosmetics / Toiletries 1.0%
|
|
Bausch & Lomb, Inc.
|
Term Loan, 3.51%, Maturing April 24, 2015
|
|
|
|
|
679
|
|
|
$
|
666,780
|
|
|
|
Term Loan, 3.59%, Maturing April 24, 2015
|
|
|
|
|
2,785
|
|
|
|
2,737,553
|
|
|
|
KIK Custom Products, Inc.
|
Term Loan - Second Lien, 5.25%, Maturing November 28,
2014
|
|
|
|
|
1,075
|
|
|
|
688,000
|
|
|
|
Prestige Brands, Inc.
|
Term Loan, 4.78%, Maturing March 24, 2016
|
|
|
|
|
1,428
|
|
|
|
1,431,592
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
5,523,925
|
|
|
|
|
|
|
See Notes to
Financial Statements.
8
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount*
|
|
|
|
|
|
|
Borrower/Tranche Description
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Drugs 1.7%
|
|
Aptalis Pharma, Inc.
|
Term Loan, 5.50%, Maturing February 10, 2017
|
|
|
|
|
1,613
|
|
|
$
|
1,559,053
|
|
|
|
Capsugel Holdings US, Inc.
|
Term Loan, 5.25%, Maturing August 1, 2018
|
|
|
|
|
1,450
|
|
|
|
1,453,020
|
|
|
|
Endo Pharmaceuticals Holdings, Inc.
|
Term Loan, 4.00%, Maturing June 18, 2018
|
|
|
|
|
1,368
|
|
|
|
1,374,306
|
|
|
|
Graceway Pharmaceuticals, LLC
|
Term Loan, 0.00%, Maturing May 3,
2012
(3)
|
|
|
|
|
595
|
|
|
|
553,584
|
|
|
|
Term Loan, 14.00%, Maturing November 3,
2013
(6)
|
|
|
|
|
323
|
|
|
|
2,219
|
|
|
|
Term Loan - Second Lien, 0.00%, Maturing May 3,
2013
(3)
|
|
|
|
|
1,500
|
|
|
|
34,219
|
|
|
|
Warner Chilcott Co., LLC
|
Term Loan, 3.75%, Maturing March 17, 2016
|
|
|
|
|
713
|
|
|
|
703,196
|
|
|
|
Term Loan, 4.25%, Maturing March 15, 2018
|
|
|
|
|
904
|
|
|
|
894,423
|
|
|
|
Term Loan, 4.25%, Maturing March 15, 2018
|
|
|
|
|
1,808
|
|
|
|
1,788,847
|
|
|
|
WC Luxco S.A.R.L.
|
Term Loan, 4.25%, Maturing March 15, 2018
|
|
|
|
|
1,243
|
|
|
|
1,229,832
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
9,592,699
|
|
|
|
|
|
|
|
Ecological Services and
Equipment 0.1%
|
|
Cory Environmental Acquisitions, Ltd.
|
Term Loan - Second Lien, 5.04%, Maturing September 30,
2014
(6)
|
|
GBP
|
|
|
526
|
|
|
$
|
286,505
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
286,505
|
|
|
|
|
|
|
|
Electronics / Electrical 9.2%
|
|
Aeroflex, Inc.
|
Term Loan, 4.25%, Maturing May 9, 2018
|
|
|
|
|
1,273
|
|
|
$
|
1,206,227
|
|
|
|
Aspect Software, Inc.
|
Term Loan, 6.25%, Maturing May 6, 2016
|
|
|
|
|
2,760
|
|
|
|
2,746,666
|
|
|
|
Attachmate Corp.
|
Term Loan, 6.50%, Maturing April 27, 2017
|
|
|
|
|
1,075
|
|
|
|
1,048,573
|
|
|
|
Cinedigm Digital Funding I, LLC
|
Term Loan, 5.25%, Maturing April 29, 2016
|
|
|
|
|
638
|
|
|
|
615,896
|
|
|
|
CommScope, Inc.
|
Term Loan, 5.00%, Maturing January 14, 2018
|
|
|
|
|
2,289
|
|
|
|
2,276,103
|
|
|
|
Dealer Computer Services, Inc.
|
Term Loan, 3.75%, Maturing April 20, 2018
|
|
|
|
|
2,640
|
|
|
|
2,633,465
|
|
|
|
DG FastChannel, Inc.
|
Term Loan, 5.75%, Maturing July 26, 2018
|
|
|
|
|
1,820
|
|
|
|
1,820,438
|
|
|
|
Eagle Parent, Inc.
|
Term Loan, 5.00%, Maturing May 16, 2018
|
|
|
|
|
2,943
|
|
|
|
2,790,588
|
|
|
|
Edwards (Cayman Island II), Ltd.
|
Term Loan, 5.50%, Maturing May 31, 2016
|
|
|
|
|
500
|
|
|
|
470,625
|
|
|
|
Term Loan, 5.50%, Maturing May 31, 2016
|
|
|
|
|
1,390
|
|
|
|
1,307,867
|
|
|
|
FCI International S.A.S.
|
Term Loan, 3.72%, Maturing November 1, 2013
|
|
|
|
|
137
|
|
|
|
133,990
|
|
|
|
Term Loan, 3.72%, Maturing November 1, 2013
|
|
|
|
|
137
|
|
|
|
133,991
|
|
|
|
Term Loan, 3.72%, Maturing November 1, 2013
|
|
|
|
|
143
|
|
|
|
139,179
|
|
|
|
Term Loan, 3.72%, Maturing November 1, 2013
|
|
|
|
|
143
|
|
|
|
139,179
|
|
|
|
Freescale Semiconductor, Inc.
|
Term Loan, 4.50%, Maturing December 1, 2016
|
|
|
|
|
4,485
|
|
|
|
4,261,045
|
|
|
|
Infor Enterprise Solutions Holdings
|
Term Loan, 5.75%, Maturing March 3, 2014
|
|
|
|
|
500
|
|
|
|
397,500
|
|
|
|
Term Loan, 5.00%, Maturing July 28, 2015
|
|
|
|
|
1,442
|
|
|
|
1,312,404
|
|
|
|
Term Loan, 6.00%, Maturing July 28, 2015
|
|
|
|
|
1,616
|
|
|
|
1,519,228
|
|
|
|
Term Loan, 6.00%, Maturing July 28, 2015
|
|
|
|
|
3,098
|
|
|
|
2,911,852
|
|
|
|
Term Loan - Second Lien, 6.51%, Maturing March 3, 2014
|
|
|
|
|
183
|
|
|
|
150,333
|
|
|
|
Term Loan - Second Lien, 6.51%, Maturing March 3, 2014
|
|
|
|
|
317
|
|
|
|
260,195
|
|
|
|
Microsemi Corp.
|
Term Loan, 5.75%, Maturing February 2, 2018
|
|
|
|
|
1,775
|
|
|
|
1,779,438
|
|
|
|
NeuStar, Inc.
|
Term Loan, 5.00%, Maturing November 8, 2018
|
|
|
|
|
1,075
|
|
|
|
1,076,335
|
|
|
|
Nxp B.V.
|
Term Loan, 4.50%, Maturing March 3, 2017
|
|
|
|
|
3,060
|
|
|
|
2,891,346
|
|
|
|
Term Loan, Maturing December 12,
2017
(5)
|
|
|
|
|
1,175
|
|
|
|
1,131,305
|
|
|
|
Open Solutions, Inc.
|
Term Loan, 2.55%, Maturing January 23, 2014
|
|
|
|
|
2,845
|
|
|
|
2,450,869
|
|
|
|
SafeNet, Inc.
|
Term Loan, 2.76%, Maturing April 12, 2014
|
|
|
|
|
1,936
|
|
|
|
1,863,003
|
|
|
|
Sensata Technologies Finance Co., LLC
|
Term Loan, 4.00%, Maturing May 11, 2018
|
|
|
|
|
3,965
|
|
|
|
3,934,333
|
|
|
|
Serena Software, Inc.
|
Term Loan, 4.34%, Maturing March 10, 2016
|
|
|
|
|
991
|
|
|
|
941,660
|
|
|
|
Shield Finance Co. S.A.R.L.
|
Term Loan, 7.75%, Maturing June 15, 2016
|
|
|
|
|
938
|
|
|
|
933,745
|
|
|
|
SkillSoft Corp.
|
Term Loan, 6.50%, Maturing May 26, 2017
|
|
|
|
|
300
|
|
|
|
300,000
|
|
|
|
Term Loan, 6.50%, Maturing May 26, 2017
|
|
|
|
|
978
|
|
|
|
973,494
|
|
|
|
Spansion, LLC
|
Term Loan, 4.75%, Maturing February 9, 2015
|
|
|
|
|
554
|
|
|
|
550,592
|
|
|
|
SS&C Technologies, Inc.
|
Term Loan, 4.25%, Maturing November 23, 2012
|
|
|
|
|
460
|
|
|
|
458,461
|
|
|
|
Sunquest Information Systems, Inc.
|
Term Loan, 6.25%, Maturing December 16, 2016
|
|
|
|
|
846
|
|
|
|
841,521
|
|
|
|
See Notes to
Financial Statements.
9
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount*
|
|
|
|
|
|
|
Borrower/Tranche Description
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Electronics / Electrical (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VeriFone, Inc.
|
Term Loan, 3.01%, Maturing October 31, 2013
|
|
|
|
|
735
|
|
|
$
|
735,250
|
|
|
|
Vertafore, Inc.
|
Term Loan, 5.25%, Maturing July 29, 2016
|
|
|
|
|
1,112
|
|
|
|
1,091,223
|
|
|
|
Web.com Group, Inc.
|
Term Loan, 7.00%, Maturing October 27, 2017
|
|
|
|
|
2,450
|
|
|
|
2,180,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
52,408,419
|
|
|
|
|
|
|
|
Equipment
Leasing 0.6%
|
|
BakerCorp. International, Inc.
|
Term Loan, 5.00%, Maturing June 1, 2018
|
|
|
|
|
948
|
|
|
$
|
941,702
|
|
|
|
Delos Aircraft, Inc.
|
Term Loan, 7.00%, Maturing March 17, 2016
|
|
|
|
|
1,625
|
|
|
|
1,629,063
|
|
|
|
International Lease Finance Corp.
|
Term Loan, 6.75%, Maturing March 17, 2015
|
|
|
|
|
950
|
|
|
|
957,125
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,527,890
|
|
|
|
|
|
|
|
Farming / Agriculture 0.3%
|
|
Wm. Bolthouse Farms, Inc.
|
Term Loan, 5.50%, Maturing February 11, 2016
|
|
|
|
|
1,620
|
|
|
$
|
1,609,923
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,609,923
|
|
|
|
|
|
|
|
Financial
Intermediaries 6.0%
|
|
AmWINS Group, Inc.
|
Term Loan, 4.59%, Maturing June 8, 2013
|
|
|
|
|
948
|
|
|
$
|
924,416
|
|
|
|
Term Loan - Second Lien, 5.86%, Maturing June 8, 2014
|
|
|
|
|
500
|
|
|
|
476,250
|
|
|
|
Asset Acceptance Capital Corp.
|
Term Loan, 8.75%, Maturing November 8, 2017
|
|
|
|
|
1,450
|
|
|
|
1,384,750
|
|
|
|
CB Richard Ellis Services, Inc.
|
Term Loan, 3.51%, Maturing March 5, 2018
|
|
|
|
|
770
|
|
|
|
751,545
|
|
|
|
Term Loan, 3.75%, Maturing September 4, 2019
|
|
|
|
|
727
|
|
|
|
709,793
|
|
|
|
Citco III, Ltd.
|
Term Loan, 6.25%, Maturing June 29, 2018
|
|
|
|
|
1,870
|
|
|
|
1,814,203
|
|
|
|
Fifth Third Processing Solutions, LLC
|
Term Loan, 4.50%, Maturing November 3, 2016
|
|
|
|
|
1,390
|
|
|
|
1,383,498
|
|
|
|
First Data Corp.
|
Term Loan, 3.01%, Maturing September 24, 2014
|
|
|
|
|
257
|
|
|
|
228,442
|
|
|
|
Term Loan, 3.01%, Maturing September 24, 2014
|
|
|
|
|
1,239
|
|
|
|
1,099,729
|
|
|
|
Term Loan, 3.01%, Maturing September 24, 2014
|
|
|
|
|
2,988
|
|
|
|
2,653,701
|
|
|
|
Term Loan, 4.26%, Maturing March 23, 2018
|
|
|
|
|
1,636
|
|
|
|
1,371,053
|
|
|
|
Grosvenor Capital Management Holdings, LLP
|
Term Loan, 4.25%, Maturing December 5, 2016
|
|
|
|
|
1,378
|
|
|
|
1,326,314
|
|
|
|
HarbourVest Partners, LLC
|
Term Loan, 6.25%, Maturing December 16, 2016
|
|
|
|
|
1,279
|
|
|
|
1,279,142
|
|
|
|
iPayment, Inc.
|
Term Loan, 5.75%, Maturing May 8, 2017
|
|
|
|
|
1,057
|
|
|
|
1,041,605
|
|
|
|
LPL Holdings, Inc.
|
Term Loan, 2.03%, Maturing June 28, 2013
|
|
|
|
|
1,004
|
|
|
|
996,079
|
|
|
|
Term Loan, 4.25%, Maturing June 25, 2015
|
|
|
|
|
3,160
|
|
|
|
3,156,109
|
|
|
|
Term Loan, 5.25%, Maturing June 28, 2017
|
|
|
|
|
2,343
|
|
|
|
2,360,679
|
|
|
|
Mercury Payment Systems Canada, LLC
|
Term Loan, 6.50%, Maturing July 3, 2017
|
|
|
|
|
723
|
|
|
|
722,284
|
|
|
|
Mondrian Investment Partners, Ltd.
|
Term Loan, 5.50%, Maturing July 12, 2018
|
|
|
|
|
1,253
|
|
|
|
1,245,406
|
|
|
|
Nuveen Investments, Inc.
|
Term Loan, 3.39%, Maturing November 13, 2014
|
|
|
|
|
1,811
|
|
|
|
1,721,907
|
|
|
|
Term Loan, 5.90%, Maturing May 12, 2017
|
|
|
|
|
2,616
|
|
|
|
2,492,171
|
|
|
|
Term Loan, Maturing May 13,
2017
(5)
|
|
|
|
|
600
|
|
|
|
589,500
|
|
|
|
RJO Holdings Corp.
|
Term Loan, 6.26%, Maturing December 10,
2015
(4)
|
|
|
|
|
15
|
|
|
|
12,487
|
|
|
|
Term Loan, 7.01%, Maturing December 10,
2015
(4)
|
|
|
|
|
485
|
|
|
|
366,670
|
|
|
|
RPI Finance Trust
|
Term Loan, 4.00%, Maturing May 9, 2018
|
|
|
|
|
3,940
|
|
|
|
3,911,807
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
34,019,540
|
|
|
|
|
|
|
|
Food Products 4.7%
|
|
American Seafoods Group, LLC
|
Term Loan, 4.25%, Maturing March 8, 2018
|
|
|
|
|
741
|
|
|
$
|
722,625
|
|
|
|
Dean Foods Co.
|
Term Loan, 1.87%, Maturing April 2, 2014
|
|
|
|
|
3,669
|
|
|
|
3,522,646
|
|
|
|
Del Monte Foods Co.
|
Term Loan, 4.50%, Maturing March 8, 2018
|
|
|
|
|
4,915
|
|
|
|
4,681,121
|
|
|
|
Dole Food Co., Inc.
|
Term Loan, 5.05%, Maturing July 6, 2018
|
|
|
|
|
1,100
|
|
|
|
1,097,910
|
|
|
|
JBS USA Holdings, Inc.
|
Term Loan, 4.25%, Maturing May 25, 2018
|
|
|
|
|
1,122
|
|
|
|
1,105,355
|
|
|
|
Michael Foods Group, Inc.
|
Term Loan, 4.25%, Maturing February 23, 2018
|
|
|
|
|
792
|
|
|
|
784,197
|
|
|
|
NBTY, Inc.
|
Term Loan, 4.25%, Maturing October 2, 2017
|
|
|
|
|
3,352
|
|
|
|
3,313,417
|
|
|
|
Pierre Foods, Inc.
|
Term Loan, 7.00%, Maturing September 30, 2016
|
|
|
|
|
1,883
|
|
|
|
1,877,602
|
|
|
|
Pinnacle Foods Holdings Corp.
|
Term Loan, 2.78%, Maturing April 2, 2014
|
|
|
|
|
7,409
|
|
|
|
7,300,246
|
|
|
|
See Notes to
Financial Statements.
10
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount*
|
|
|
|
|
|
|
Borrower/Tranche Description
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Food Products (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Solvest, Ltd.
|
Term Loan, 5.03%, Maturing July 6, 2018
|
|
|
|
|
2,042
|
|
|
$
|
2,038,977
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
26,444,096
|
|
|
|
|
|
|
|
Food Service 5.9%
|
|
Aramark Corp.
|
Term Loan, 2.11%, Maturing January 27, 2014
|
|
|
|
|
194
|
|
|
$
|
189,885
|
|
|
|
Term Loan, 2.24%, Maturing January 27, 2014
|
|
|
|
|
2,401
|
|
|
|
2,354,349
|
|
|
|
Term Loan, 2.95%, Maturing January 27, 2014
|
|
GBP
|
|
|
1,191
|
|
|
|
1,774,574
|
|
|
|
Term Loan, 3.49%, Maturing July 26, 2016
|
|
|
|
|
348
|
|
|
|
340,946
|
|
|
|
Term Loan, 3.62%, Maturing July 26, 2016
|
|
|
|
|
5,298
|
|
|
|
5,184,303
|
|
|
|
Buffets, Inc.
|
Term Loan, 14.00%, Maturing April 21,
2015
(6)
|
|
|
|
|
1,408
|
|
|
|
674,240
|
|
|
|
Term Loan, 9.62%, Maturing April 22,
2015
(4)(6)
|
|
|
|
|
139
|
|
|
|
63,328
|
|
|
|
Burger King Corp.
|
Term Loan, 4.50%, Maturing October 19, 2016
|
|
|
|
|
6,156
|
|
|
|
6,117,513
|
|
|
|
Dennys, Inc.
|
Term Loan, 5.25%, Maturing September 30, 2016
|
|
|
|
|
714
|
|
|
|
712,215
|
|
|
|
DineEquity, Inc.
|
Term Loan, 4.25%, Maturing October 19, 2017
|
|
|
|
|
1,686
|
|
|
|
1,677,604
|
|
|
|
Dunkin Brands, Inc.
|
Term Loan, 4.00%, Maturing November 23, 2017
|
|
|
|
|
3,475
|
|
|
|
3,421,737
|
|
|
|
NPC International, Inc.
|
Term Loan, 2.01%, Maturing May 3, 2013
|
|
|
|
|
296
|
|
|
|
295,059
|
|
|
|
OSI Restaurant Partners, LLC
|
Term Loan, 3.42%, Maturing June 14, 2013
|
|
|
|
|
588
|
|
|
|
560,734
|
|
|
|
Term Loan, 2.58%, Maturing June 14, 2014
|
|
|
|
|
6,404
|
|
|
|
6,111,887
|
|
|
|
Sagittarius Restaurants, LLC
|
Term Loan, 7.51%, Maturing May 18, 2015
|
|
|
|
|
506
|
|
|
|
501,187
|
|
|
|
Selecta
|
Term Loan - Second Lien, 5.77%, Maturing December 28,
2015
|
|
EUR
|
|
|
741
|
|
|
|
584,327
|
|
|
|
U.S. Foodservice, Inc.
|
Term Loan, 2.76%, Maturing July 3, 2014
|
|
|
|
|
1,987
|
|
|
|
1,819,377
|
|
|
|
Wendys/Arbys Restaurants, LLC
|
Term Loan, 5.00%, Maturing May 24, 2017
|
|
|
|
|
938
|
|
|
|
937,736
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
33,321,001
|
|
|
|
|
|
|
|
Food / Drug
Retailers 4.6%
|
|
Alliance Boots Holdings, Ltd.
|
Term Loan, 3.63%, Maturing July 9, 2015
|
|
GBP
|
|
|
2,000
|
|
|
$
|
2,818,138
|
|
|
|
Term Loan, 3.91%, Maturing July 9, 2015
|
|
EUR
|
|
|
1,000
|
|
|
|
1,238,513
|
|
|
|
General Nutrition Centers, Inc.
|
Term Loan, 4.25%, Maturing March 2, 2018
|
|
|
|
|
4,238
|
|
|
|
4,152,750
|
|
|
|
Pantry, Inc. (The)
|
Term Loan, 2.01%, Maturing May 15, 2014
|
|
|
|
|
242
|
|
|
|
234,031
|
|
|
|
Term Loan, 2.01%, Maturing May 15, 2014
|
|
|
|
|
840
|
|
|
|
812,742
|
|
|
|
Rite Aid Corp.
|
Term Loan, 2.01%, Maturing June 4, 2014
|
|
|
|
|
8,358
|
|
|
|
7,914,301
|
|
|
|
Term Loan, 4.50%, Maturing March 2, 2018
|
|
|
|
|
2,405
|
|
|
|
2,285,218
|
|
|
|
Roundys Supermarkets, Inc.
|
Term Loan, 7.00%, Maturing November 3, 2013
|
|
|
|
|
3,018
|
|
|
|
2,962,429
|
|
|
|
Supervalu, Inc.
|
Term Loan, 4.50%, Maturing April 28, 2018
|
|
|
|
|
3,657
|
|
|
|
3,552,411
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
25,970,533
|
|
|
|
|
|
|
|
Health Care 16.5%
|
|
1-800 Contacts, Inc.
|
Term Loan, 7.70%, Maturing March 4, 2015
|
|
|
|
|
902
|
|
|
$
|
897,367
|
|
|
|
Alere, Inc.
|
Term Loan, 4.50%, Maturing June 30, 2017
|
|
|
|
|
2,650
|
|
|
|
2,593,688
|
|
|
|
Alliance Healthcare Services
|
Term Loan, 7.25%, Maturing June 1, 2016
|
|
|
|
|
1,253
|
|
|
|
1,124,572
|
|
|
|
Ardent Medical Services, Inc.
|
Term Loan, 6.50%, Maturing September 15, 2015
|
|
|
|
|
1,256
|
|
|
|
1,230,758
|
|
|
|
Term Loan, 6.50%, Maturing September 18, 2015
|
|
|
|
|
750
|
|
|
|
735,000
|
|
|
|
Aveta Holdings, LLC
|
Term Loan, 8.50%, Maturing April 14, 2015
|
|
|
|
|
581
|
|
|
|
570,724
|
|
|
|
Term Loan, 8.50%, Maturing April 14, 2015
|
|
|
|
|
581
|
|
|
|
570,724
|
|
|
|
Biomet, Inc.
|
Term Loan, 3.32%, Maturing March 25, 2015
|
|
|
|
|
6,806
|
|
|
|
6,594,791
|
|
|
|
CareStream Health, Inc.
|
Term Loan, 5.00%, Maturing February 25, 2017
|
|
|
|
|
1,716
|
|
|
|
1,526,070
|
|
|
|
Carl Zeiss Vision Holding GmbH
|
Term Loan, 4.00%, Maturing September 30,
2019
(6)
|
|
|
|
|
135
|
|
|
|
113,556
|
|
|
|
Catalent Pharma Solutions
|
Term Loan, 2.51%, Maturing April 10, 2014
|
|
|
|
|
2,346
|
|
|
|
2,225,649
|
|
|
|
CDRL MS, Inc.
|
Term Loan, 6.75%, Maturing September 30, 2016
|
|
|
|
|
878
|
|
|
|
872,230
|
|
|
|
Community Health Systems, Inc.
|
Term Loan, 2.51%, Maturing July 25, 2014
|
|
|
|
|
348
|
|
|
|
336,636
|
|
|
|
Term Loan, 2.75%, Maturing July 25, 2014
|
|
|
|
|
6,765
|
|
|
|
6,549,864
|
|
|
|
Term Loan, 3.95%, Maturing January 25, 2017
|
|
|
|
|
3,395
|
|
|
|
3,286,898
|
|
|
|
ConMed Corp.
|
Term Loan, 1.76%, Maturing April 12, 2013
|
|
|
|
|
479
|
|
|
|
469,747
|
|
|
|
ConvaTec, Inc.
|
Term Loan, 5.75%, Maturing December 22, 2016
|
|
|
|
|
995
|
|
|
|
976,331
|
|
|
|
See Notes to
Financial Statements.
11
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount*
|
|
|
|
|
|
|
Borrower/Tranche Description
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Health Care (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRC Health Corp.
|
Term Loan, 4.87%, Maturing November 16, 2015
|
|
|
|
|
2,034
|
|
|
$
|
1,896,776
|
|
|
|
Dako EQT Project Delphi
|
Term Loan - Second Lien, 4.12%, Maturing December 12,
2016
|
|
|
|
|
500
|
|
|
|
414,375
|
|
|
|
DaVita, Inc.
|
Term Loan, 4.50%, Maturing October 20, 2016
|
|
|
|
|
3,375
|
|
|
|
3,357,628
|
|
|
|
DJO Finance, LLC
|
Term Loan, 3.26%, Maturing May 20, 2014
|
|
|
|
|
714
|
|
|
|
691,059
|
|
|
|
Drumm Investors, LLC
|
Term Loan, 5.00%, Maturing May 4, 2018
|
|
|
|
|
1,497
|
|
|
|
1,287,799
|
|
|
|
Emergency Medical Services Corp.
|
Term Loan, 5.25%, Maturing May 25, 2018
|
|
|
|
|
1,997
|
|
|
|
1,940,691
|
|
|
|
Fresenius US Finance I, Inc.
|
Term Loan, 3.50%, Maturing September 10, 2014
|
|
|
|
|
308
|
|
|
|
306,853
|
|
|
|
Term Loan, 3.50%, Maturing September 10, 2014
|
|
|
|
|
686
|
|
|
|
684,980
|
|
|
|
Grifols, Inc.
|
Term Loan, 6.00%, Maturing June 1, 2017
|
|
|
|
|
2,394
|
|
|
|
2,395,994
|
|
|
|
Hanger Orthopedic Group, Inc.
|
Term Loan, 4.01%, Maturing December 1, 2016
|
|
|
|
|
744
|
|
|
|
718,322
|
|
|
|
HCA, Inc.
|
Term Loan, 3.62%, Maturing March 31, 2017
|
|
|
|
|
6,452
|
|
|
|
6,151,185
|
|
|
|
Term Loan, 3.62%, Maturing May 1, 2018
|
|
|
|
|
2,690
|
|
|
|
2,557,073
|
|
|
|
Health Management Associates, Inc.
|
Term loan, Maturing November 16,
2018
(5)
|
|
|
|
|
1,675
|
|
|
|
1,668,196
|
|
|
|
Iasis Healthcare, LLC
|
Term Loan, 5.00%, Maturing May 3, 2018
|
|
|
|
|
1,891
|
|
|
|
1,832,997
|
|
|
|
Immucor, Inc.
|
Term Loan, 7.25%, Maturing August 17, 2018
|
|
|
|
|
775
|
|
|
|
779,521
|
|
|
|
inVentiv Health, Inc.
|
Term Loan, 6.50%, Maturing August 4, 2016
|
|
|
|
|
2,131
|
|
|
|
2,099,373
|
|
|
|
Term Loan, 6.75%, Maturing May 15, 2018
|
|
|
|
|
1,322
|
|
|
|
1,301,862
|
|
|
|
Kindred Healthcare, Inc.
|
Term Loan, 5.25%, Maturing June 1, 2018
|
|
|
|
|
2,070
|
|
|
|
1,937,862
|
|
|
|
Kinetic Concepts, Inc.
|
Term Loan, 7.00%, Maturing May 4, 2018
|
|
|
|
|
4,575
|
|
|
|
4,603,594
|
|
|
|
Lifepoint Hospitals, Inc.
|
Term Loan, 3.28%, Maturing April 15, 2015
|
|
|
|
|
2,251
|
|
|
|
2,225,362
|
|
|
|
MedAssets, Inc.
|
Term Loan, 5.25%, Maturing November 16, 2016
|
|
|
|
|
959
|
|
|
|
955,250
|
|
|
|
Medpace, Inc.
|
Term Loan, 6.50%, Maturing June 16, 2017
|
|
|
|
|
973
|
|
|
|
933,660
|
|
|
|
MultiPlan, Inc.
|
Term Loan, 4.75%, Maturing August 26, 2017
|
|
|
|
|
3,777
|
|
|
|
3,574,115
|
|
|
|
Pharmaceutical Products Development
|
Term Loan, Maturing November 19,
2018
(5)
|
|
|
|
|
2,200
|
|
|
|
2,171,583
|
|
|
|
Physiotherapy Associates, Inc.
|
Term Loan, 7.50%, Maturing June 27, 2013
|
|
|
|
|
719
|
|
|
|
714,973
|
|
|
|
Prime Healthcare Services, Inc.
|
Term Loan, 7.25%, Maturing April 22, 2015
|
|
|
|
|
2,610
|
|
|
|
2,505,840
|
|
|
|
RadNet Management, Inc.
|
Term Loan, 5.75%, Maturing April 6, 2016
|
|
|
|
|
1,207
|
|
|
|
1,144,282
|
|
|
|
Renal Advantage Holdings, Inc.
|
Term Loan, 5.75%, Maturing December 16, 2016
|
|
|
|
|
819
|
|
|
|
818,301
|
|
|
|
Select Medical Corp.
|
Term Loan, 5.50%, Maturing May 25, 2018
|
|
|
|
|
3,392
|
|
|
|
3,161,516
|
|
|
|
Sunrise Medical Holdings B.V.
|
Term Loan, 6.75%, Maturing May 13, 2014
|
|
EUR
|
|
|
245
|
|
|
|
304,651
|
|
|
|
TriZetto Group, Inc. (The)
|
Term Loan, 4.75%, Maturing May 2, 2018
|
|
|
|
|
1,671
|
|
|
|
1,641,573
|
|
|
|
Universal Health Services, Inc.
|
Term Loan, 3.75%, Maturing November 15, 2016
|
|
|
|
|
2,355
|
|
|
|
2,342,743
|
|
|
|
Vanguard Health Holding Co., II, LLC
|
Term Loan, 5.00%, Maturing January 29, 2016
|
|
|
|
|
1,773
|
|
|
|
1,755,436
|
|
|
|
VWR Funding, Inc.
|
Term Loan, 2.76%, Maturing June 30, 2014
|
|
|
|
|
2,142
|
|
|
|
2,067,430
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
93,617,460
|
|
|
|
|
|
|
|
Home
Furnishings 0.8%
|
|
Hunter Fan Co.
|
Term Loan, 2.76%, Maturing April 16, 2014
|
|
|
|
|
368
|
|
|
$
|
338,863
|
|
|
|
National Bedding Co., LLC
|
Term Loan, 3.88%, Maturing November 28, 2013
|
|
|
|
|
1,437
|
|
|
|
1,425,959
|
|
|
|
Term Loan - Second Lien, 5.50%, Maturing February 28,
2014
|
|
|
|
|
2,050
|
|
|
|
2,003,875
|
|
|
|
Yankee Candle Co., Inc. (The)
|
Term Loan, 2.26%, Maturing February 6, 2014
|
|
|
|
|
651
|
|
|
|
638,995
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
4,407,692
|
|
|
|
|
|
|
|
Industrial
Equipment 2.6%
|
|
Alliance Laundry Systems, LLC
|
Term Loan, 6.25%, Maturing September 30, 2016
|
|
|
|
|
891
|
|
|
$
|
890,671
|
|
|
|
Butterfly Wendel US, Inc.
|
Term Loan, 3.44%, Maturing June 23, 2014
|
|
|
|
|
301
|
|
|
|
288,267
|
|
|
|
Term Loan, 4.19%, Maturing June 22, 2015
|
|
|
|
|
300
|
|
|
|
288,173
|
|
|
|
Colfax Corp.
|
Term Loan, Maturing December 7,
2018
(5)
|
|
|
|
|
1,475
|
|
|
|
1,460,250
|
|
|
|
See Notes to
Financial Statements.
12
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount*
|
|
|
|
|
|
|
Borrower/Tranche Description
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Industrial
Equipment (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Excelitas Technologies Corp.
|
Term Loan, 4.75%, Maturing November 23, 2016
|
|
|
|
|
990
|
|
|
$
|
965,250
|
|
|
|
Generac CCMP Acquisition Corp.
|
Term Loan, 2.79%, Maturing November 11, 2013
|
|
|
|
|
1,312
|
|
|
|
1,294,064
|
|
|
|
Husky Injection Molding Systems, Ltd.
|
Term Loan, 6.50%, Maturing June 30, 2018
|
|
|
|
|
1,498
|
|
|
|
1,493,132
|
|
|
|
KION Group GmbH
|
Term Loan, 3.76%, Maturing December 23,
2014
(6)
|
|
|
|
|
1,029
|
|
|
|
770,801
|
|
|
|
Term Loan, 4.01%, Maturing December 23,
2015
(6)
|
|
|
|
|
1,029
|
|
|
|
770,801
|
|
|
|
Manitowoc Co., Inc. (The)
|
Term Loan, 4.25%, Maturing November 13, 2017
|
|
|
|
|
773
|
|
|
|
763,882
|
|
|
|
Polypore, Inc.
|
Term Loan, 2.26%, Maturing July 3, 2014
|
|
|
|
|
4,590
|
|
|
|
4,541,535
|
|
|
|
Terex Corp.
|
Term Loan, 5.50%, Maturing April 28, 2017
|
|
|
|
|
800
|
|
|
|
803,000
|
|
|
|
Unifrax Corp.
|
Term Loan, 7.00%, Maturing November 19, 2018
|
|
|
|
|
425
|
|
|
|
425,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
14,754,826
|
|
|
|
|
|
|
|
Insurance 4.1%
|
|
Alliant Holdings I, Inc.
|
Term Loan, 3.37%, Maturing August 21, 2014
|
|
|
|
|
3,657
|
|
|
$
|
3,624,915
|
|
|
|
Applied Systems, Inc.
|
Term Loan, 5.50%, Maturing December 8, 2016
|
|
|
|
|
1,563
|
|
|
|
1,529,970
|
|
|
|
Asurion, LLC
|
Term Loan, 5.50%, Maturing May 24, 2018
|
|
|
|
|
6,181
|
|
|
|
5,974,018
|
|
|
|
Term Loan - Second Lien, 9.00%, Maturing May 24, 2019
|
|
|
|
|
1,250
|
|
|
|
1,210,156
|
|
|
|
C.G. JCF Corp.
|
Term Loan, 3.26%, Maturing August 1, 2014
|
|
|
|
|
616
|
|
|
|
600,962
|
|
|
|
CCC Information Services, Inc.
|
Term Loan, 5.50%, Maturing November 11, 2015
|
|
|
|
|
1,617
|
|
|
|
1,619,907
|
|
|
|
CNO Financial Group, Inc.
|
Term Loan, 6.25%, Maturing September 30, 2016
|
|
|
|
|
1,167
|
|
|
|
1,169,256
|
|
|
|
HUB International Holdings, Inc.
|
Term Loan, 2.87%, Maturing June 13, 2014
|
|
|
|
|
426
|
|
|
|
408,064
|
|
|
|
Term Loan, 2.87%, Maturing June 13, 2014
|
|
|
|
|
1,896
|
|
|
|
1,815,816
|
|
|
|
Term Loan, 6.75%, Maturing June 13, 2014
|
|
|
|
|
613
|
|
|
|
609,437
|
|
|
|
Towergate Finance, PLC
|
Term Loan, 6.50%, Maturing August 4, 2017
|
|
GBP
|
|
|
1,000
|
|
|
|
1,448,618
|
|
|
|
U.S.I. Holdings Corp.
|
Term Loan, 2.76%, Maturing May 5, 2014
|
|
|
|
|
3,314
|
|
|
|
3,212,269
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
23,223,388
|
|
|
|
|
|
|
|
Leisure
Goods / Activities / Movies 7.5%
|
|
Alpha D2, Ltd.
|
Term Loan, 2.53%, Maturing December 31, 2013
|
|
|
|
|
864
|
|
|
$
|
824,967
|
|
|
|
Term Loan, 2.53%, Maturing December 31, 2013
|
|
|
|
|
1,582
|
|
|
|
1,509,752
|
|
|
|
Term Loan - Second Lien, 3.90%, Maturing June 30, 2014
|
|
|
|
|
2,000
|
|
|
|
1,846,250
|
|
|
|
AMC Entertainment, Inc.
|
Term Loan, 3.51%, Maturing December 16, 2016
|
|
|
|
|
5,389
|
|
|
|
5,278,933
|
|
|
|
AMC Networks, Inc.
|
Term Loan, 4.00%, Maturing December 31, 2018
|
|
|
|
|
1,496
|
|
|
|
1,486,898
|
|
|
|
Bombardier Recreational Products
|
Term Loan, 2.90%, Maturing June 28, 2013
|
|
|
|
|
3,015
|
|
|
|
2,954,253
|
|
|
|
Bright Horizons Family Solutions, Inc.
|
Term Loan, 4.26%, Maturing May 28, 2015
|
|
|
|
|
1,034
|
|
|
|
1,023,272
|
|
|
|
Carmike Cinemas, Inc.
|
Term Loan, 5.50%, Maturing January 27, 2016
|
|
|
|
|
921
|
|
|
|
919,754
|
|
|
|
Cedar Fair, L.P.
|
Term Loan, 4.00%, Maturing December 15, 2017
|
|
|
|
|
2,219
|
|
|
|
2,220,388
|
|
|
|
Cinemark USA, Inc.
|
Term Loan, 3.57%, Maturing April 29, 2016
|
|
|
|
|
3,874
|
|
|
|
3,854,200
|
|
|
|
Clubcorp Operations, Inc.
|
Term Loan, 6.00%, Maturing November 30, 2016
|
|
|
|
|
1,720
|
|
|
|
1,710,965
|
|
|
|
Dave & Busters, Inc.
|
Term Loan, 5.50%, Maturing June 1, 2016
|
|
|
|
|
985
|
|
|
|
980,075
|
|
|
|
Deluxe Entertainment Services Group, Inc.
|
Term Loan, 6.25%, Maturing May 11, 2013
|
|
|
|
|
62
|
|
|
|
61,543
|
|
|
|
Term Loan, 6.25%, Maturing May 11, 2013
|
|
|
|
|
881
|
|
|
|
873,908
|
|
|
|
Fender Musical Instruments Corp.
|
Term Loan, 2.51%, Maturing June 9, 2014
|
|
|
|
|
285
|
|
|
|
265,129
|
|
|
|
Term Loan, 2.51%, Maturing June 9, 2014
|
|
|
|
|
564
|
|
|
|
524,765
|
|
|
|
Live Nation Entertainment, Inc.
|
Term Loan, 4.50%, Maturing November 7, 2016
|
|
|
|
|
2,586
|
|
|
|
2,569,465
|
|
|
|
Regal Cinemas Corp.
|
Term Loan, 3.37%, Maturing August 23, 2017
|
|
|
|
|
4,020
|
|
|
|
3,986,966
|
|
|
|
Revolution Studios Distribution Co., LLC
|
Term Loan, 4.01%, Maturing December 21, 2014
|
|
|
|
|
1,011
|
|
|
|
743,001
|
|
|
|
Term Loan - Second Lien, 7.26%, Maturing June 21,
2015
(4)
|
|
|
|
|
900
|
|
|
|
278,460
|
|
|
|
SeaWorld Parks & Entertainment, Inc.
|
Term Loan, 4.00%, Maturing August 17, 2017
|
|
|
|
|
1,885
|
|
|
|
1,880,404
|
|
|
|
Six Flags Theme Parks, Inc.
|
Term Loan, 5.37%, Maturing June 30, 2016
|
|
|
|
|
3,506
|
|
|
|
3,508,764
|
|
|
|
Town Sports International, Inc.
|
Term Loan, 7.00%, Maturing May 11, 2018
|
|
|
|
|
1,133
|
|
|
|
1,118,591
|
|
|
|
Zuffa, LLC
|
Term Loan, 2.31%, Maturing June 19, 2015
|
|
|
|
|
1,932
|
|
|
|
1,864,433
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
42,285,136
|
|
|
|
|
|
|
See Notes to
Financial Statements.
13
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount*
|
|
|
|
|
|
|
Borrower/Tranche Description
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Lodging and
Casinos 3.0%
|
|
Ameristar Casinos, Inc.
|
Term Loan, 4.00%, Maturing April 13, 2018
|
|
|
|
|
1,169
|
|
|
$
|
1,168,540
|
|
|
|
Caesars Entertainment Operating Co.
|
Term Loan, 3.36%, Maturing January 28, 2015
|
|
|
|
|
408
|
|
|
|
347,395
|
|
|
|
Term Loan, 3.42%, Maturing January 28, 2015
|
|
|
|
|
3,498
|
|
|
|
2,983,908
|
|
|
|
Term Loan, 3.42%, Maturing January 28, 2015
|
|
|
|
|
750
|
|
|
|
638,554
|
|
|
|
Term Loan, 9.50%, Maturing October 31, 2016
|
|
|
|
|
2,948
|
|
|
|
2,914,341
|
|
|
|
Gala Group, Ltd.
|
Term Loan, 5.74%, Maturing May 30, 2018
|
|
GBP
|
|
|
1,850
|
|
|
|
2,319,555
|
|
|
|
Isle of Capri Casinos, Inc.
|
Term Loan, 4.75%, Maturing November 1, 2013
|
|
|
|
|
1,042
|
|
|
|
1,039,303
|
|
|
|
Las Vegas Sands, LLC
|
Term Loan, 1.84%, Maturing May 23, 2014
|
|
|
|
|
176
|
|
|
|
171,615
|
|
|
|
Term Loan, 1.84%, Maturing May 23, 2014
|
|
|
|
|
814
|
|
|
|
796,067
|
|
|
|
Term Loan, 2.84%, Maturing November 23, 2016
|
|
|
|
|
392
|
|
|
|
375,721
|
|
|
|
Term Loan, 2.84%, Maturing November 23, 2016
|
|
|
|
|
1,338
|
|
|
|
1,286,602
|
|
|
|
LodgeNet Entertainment Corp.
|
Term Loan, 6.50%, Maturing April 4, 2014
|
|
|
|
|
1,822
|
|
|
|
1,587,909
|
|
|
|
Penn National Gaming, Inc.
|
Term Loan, 3.75%, Maturing July 16, 2018
|
|
|
|
|
1,272
|
|
|
|
1,277,036
|
|
|
|
Tropicana Entertainment, Inc.
|
Term Loan, 15.00%, Maturing March 8, 2013
|
|
|
|
|
189
|
|
|
|
207,506
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
17,114,052
|
|
|
|
|
|
|
|
Nonferrous
Metals / Minerals 1.4%
|
|
Fairmount Minerals, Ltd.
|
Term Loan, 5.25%, Maturing March 15, 2017
|
|
|
|
|
3,162
|
|
|
$
|
3,162,000
|
|
|
|
Noranda Aluminum Acquisition Corp.
|
Term Loan, 2.01%, Maturing May 16, 2014
|
|
|
|
|
300
|
|
|
|
292,426
|
|
|
|
Novelis, Inc.
|
Term Loan, 3.75%, Maturing March 10, 2017
|
|
|
|
|
2,308
|
|
|
|
2,279,680
|
|
|
|
Oxbow Carbon and Mineral Holdings, LLC
|
Term Loan, 3.87%, Maturing May 8, 2016
|
|
|
|
|
2,207
|
|
|
|
2,132,726
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
7,866,832
|
|
|
|
|
|
|
|
Oil and Gas 2.9%
|
|
Big West Oil, LLC
|
Term Loan, 7.00%, Maturing March 31, 2016
|
|
|
|
|
203
|
|
|
$
|
203,645
|
|
|
|
Buffalo Gulf Coast Terminals, LLC
|
Term Loan, 7.50%, Maturing October 31, 2017
|
|
|
|
|
625
|
|
|
|
628,125
|
|
|
|
CITGO Petroleum Corp.
|
Term Loan, 8.00%, Maturing June 24, 2015
|
|
|
|
|
238
|
|
|
|
238,616
|
|
|
|
Term Loan, 9.00%, Maturing June 23, 2017
|
|
|
|
|
2,839
|
|
|
|
2,892,295
|
|
|
|
Crestwood Holdings, LLC
|
Term Loan, 10.50%, Maturing September 30, 2016
|
|
|
|
|
529
|
|
|
|
537,097
|
|
|
|
Frac Tech International, LLC
|
Term Loan, 6.25%, Maturing May 6, 2016
|
|
|
|
|
2,305
|
|
|
|
2,275,083
|
|
|
|
Gibson Energy
|
Term Loan, 5.75%, Maturing June 15, 2018
|
|
|
|
|
2,319
|
|
|
|
2,320,154
|
|
|
|
MEG Energy Corp.
|
Term Loan, 4.00%, Maturing March 16, 2018
|
|
|
|
|
1,375
|
|
|
|
1,362,540
|
|
|
|
Obsidian Natural Gas Trust
|
Term Loan, 7.00%, Maturing November 2, 2015
|
|
|
|
|
4,082
|
|
|
|
4,091,855
|
|
|
|
Sheridan Production Partners I, LLC
|
Term Loan, 6.50%, Maturing April 20, 2017
|
|
|
|
|
120
|
|
|
|
119,709
|
|
|
|
Term Loan, 6.50%, Maturing April 20, 2017
|
|
|
|
|
196
|
|
|
|
195,986
|
|
|
|
Term Loan, 6.50%, Maturing April 20, 2017
|
|
|
|
|
1,478
|
|
|
|
1,479,049
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
16,344,154
|
|
|
|
|
|
|
|
Publishing 6.3%
|
|
Ascend Learning
|
Term Loan, 7.01%, Maturing December 6, 2016
|
|
|
|
|
1,241
|
|
|
$
|
1,211,679
|
|
|
|
Aster Zweite Beteiligungs GmbH
|
Term Loan, 4.80%, Maturing December 31, 2014
|
|
|
|
|
1,834
|
|
|
|
1,614,228
|
|
|
|
Term Loan, 4.80%, Maturing December 30, 2016
|
|
|
|
|
1,642
|
|
|
|
1,444,529
|
|
|
|
Term Loan, 4.80%, Maturing December 30, 2016
|
|
|
|
|
1,850
|
|
|
|
1,628,000
|
|
|
|
Cengage Learning Acquisitions, Inc.
|
Term Loan, 2.51%, Maturing July 3, 2014
|
|
|
|
|
992
|
|
|
|
839,845
|
|
|
|
GateHouse Media Operating, Inc.
|
Term Loan, 2.26%, Maturing August 28, 2014
|
|
|
|
|
643
|
|
|
|
147,377
|
|
|
|
Term Loan, 2.26%, Maturing August 28, 2014
|
|
|
|
|
1,507
|
|
|
|
345,768
|
|
|
|
Term Loan, 2.50%, Maturing August 28, 2014
|
|
|
|
|
741
|
|
|
|
170,050
|
|
|
|
Getty Images, Inc.
|
Term Loan, 5.25%, Maturing November 7, 2016
|
|
|
|
|
2,452
|
|
|
|
2,460,916
|
|
|
|
Instant Web, Inc.
|
Term Loan, 3.64%, Maturing August 7, 2014
|
|
|
|
|
187
|
|
|
|
177,036
|
|
|
|
Term Loan, 3.64%, Maturing August 7, 2014
|
|
|
|
|
1,797
|
|
|
|
1,698,317
|
|
|
|
Interactive Data Corp.
|
Term Loan, 4.50%, Maturing February 12, 2018
|
|
|
|
|
2,579
|
|
|
|
2,546,556
|
|
|
|
Lamar Media Corp.
|
Term Loan, 4.00%, Maturing December 30, 2016
|
|
|
|
|
614
|
|
|
|
614,640
|
|
|
|
Laureate Education, Inc.
|
Term Loan, 5.25%, Maturing August 15, 2018
|
|
|
|
|
5,990
|
|
|
|
5,590,368
|
|
|
|
MediaNews Group, Inc.
|
Term Loan, 8.50%, Maturing March 19, 2014
|
|
|
|
|
301
|
|
|
|
289,230
|
|
|
|
Merrill Communications, LLC
|
Term Loan, 7.50%, Maturing December 24, 2012
|
|
|
|
|
5,113
|
|
|
|
4,914,998
|
|
|
|
See Notes to
Financial Statements.
14
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount*
|
|
|
|
|
|
|
Borrower/Tranche Description
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Publishing (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nelson Education, Ltd.
|
Term Loan, 2.87%, Maturing July 3, 2014
|
|
|
|
|
462
|
|
|
$
|
372,076
|
|
|
|
Nielsen Finance, LLC
|
Term Loan, 2.25%, Maturing August 9, 2013
|
|
|
|
|
5,768
|
|
|
|
5,694,560
|
|
|
|
Term Loan, 4.00%, Maturing May 2, 2016
|
|
|
|
|
1,963
|
|
|
|
1,939,546
|
|
|
|
SGS International, Inc.
|
Term Loan, 3.76%, Maturing September 30, 2013
|
|
|
|
|
506
|
|
|
|
500,931
|
|
|
|
Source Interlink Companies, Inc.
|
Term Loan, 7.25%, Maturing June 18, 2013
|
|
|
|
|
895
|
|
|
|
861,776
|
|
|
|
Term Loan, 15.00%, Maturing March 18,
2014
(6)
|
|
|
|
|
652
|
|
|
|
603,101
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
35,665,527
|
|
|
|
|
|
|
|
Radio and
Television 4.2%
|
|
Block Communications, Inc.
|
Term Loan, 2.26%, Maturing December 21, 2012
|
|
|
|
|
895
|
|
|
$
|
893,137
|
|
|
|
Clear Channel Communication
|
Term Loan, 3.91%, Maturing January 28, 2016
|
|
|
|
|
1,500
|
|
|
|
1,121,876
|
|
|
|
Cumulus Media, Inc.
|
Term Loan, 5.75%, Maturing September 17, 2018
|
|
|
|
|
5,200
|
|
|
|
5,087,332
|
|
|
|
Entercom Radio, LLC
|
Term Loan, 6.25%, Maturing November 30, 2018
|
|
|
|
|
625
|
|
|
|
623,698
|
|
|
|
Foxco Acquisition Sub, LLC
|
Term Loan, 4.75%, Maturing July 14, 2015
|
|
|
|
|
1,497
|
|
|
|
1,465,741
|
|
|
|
Gray Television, Inc.
|
Term Loan, 3.75%, Maturing December 31, 2014
|
|
|
|
|
708
|
|
|
|
695,244
|
|
|
|
HIT Entertainment, Inc.
|
Term Loan, 5.50%, Maturing June 1, 2012
|
|
|
|
|
955
|
|
|
|
946,792
|
|
|
|
Hubbard Radio, LLC
|
Term Loan, 5.25%, Maturing April 28, 2017
|
|
|
|
|
998
|
|
|
|
985,031
|
|
|
|
Miramax Film NY, LLC
|
Term Loan, 8.25%, Maturing May 20, 2016
|
|
|
|
|
943
|
|
|
|
943,269
|
|
|
|
Mission Broadcasting, Inc.
|
Term Loan, 5.00%, Maturing September 30, 2016
|
|
|
|
|
587
|
|
|
|
584,379
|
|
|
|
New Young Broadcasting Holding Co., Inc.
|
Term Loan, 8.00%, Maturing June 30, 2015
|
|
|
|
|
216
|
|
|
|
214,094
|
|
|
|
Nexstar Broadcasting, Inc.
|
Term Loan, 5.00%, Maturing September 30, 2016
|
|
|
|
|
919
|
|
|
|
914,044
|
|
|
|
Raycom TV Broadcasting, LLC
|
Term Loan, 4.50%, Maturing May 31, 2017
|
|
|
|
|
998
|
|
|
|
957,600
|
|
|
|
Univision Communications, Inc.
|
Term Loan, 2.26%, Maturing September 29, 2014
|
|
|
|
|
3,423
|
|
|
|
3,277,642
|
|
|
|
Term Loan, 4.51%, Maturing March 31, 2017
|
|
|
|
|
3,423
|
|
|
|
3,076,533
|
|
|
|
Weather Channel
|
Term Loan, 4.25%, Maturing February 13, 2017
|
|
|
|
|
2,264
|
|
|
|
2,258,910
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
24,045,322
|
|
|
|
|
|
|
|
Retailers (Except Food and
Drug) 4.8%
|
|
Amscan Holdings, Inc.
|
Term Loan, 6.75%, Maturing December 4, 2017
|
|
|
|
|
3,233
|
|
|
$
|
3,230,480
|
|
|
|
BJs Wholesale Club, Inc.
|
Term Loan, 7.00%, Maturing September 28, 2018
|
|
|
|
|
2,200
|
|
|
|
2,204,125
|
|
|
|
FTD, Inc.
|
Term Loan, 4.75%, Maturing June 11, 2018
|
|
|
|
|
1,446
|
|
|
|
1,421,063
|
|
|
|
Harbor Freight Tools USA, Inc.
|
Term Loan, 6.50%, Maturing December 22, 2017
|
|
|
|
|
2,043
|
|
|
|
2,035,689
|
|
|
|
J. Crew Operating Corp.
|
Term Loan, 4.75%, Maturing March 7, 2018
|
|
|
|
|
1,816
|
|
|
|
1,667,362
|
|
|
|
Jo-Ann Stores, Inc.
|
Term Loan, 4.75%, Maturing March 16, 2018
|
|
|
|
|
1,995
|
|
|
|
1,922,669
|
|
|
|
Michaels Stores, Inc.
|
Term Loan, 2.66%, Maturing October 31, 2013
|
|
|
|
|
1,852
|
|
|
|
1,803,250
|
|
|
|
Neiman Marcus Group, Inc.
|
Term Loan, 4.75%, Maturing May 16, 2018
|
|
|
|
|
3,450
|
|
|
|
3,324,506
|
|
|
|
PETCO Animal Supplies, Inc.
|
Term Loan, 4.50%, Maturing November 24, 2017
|
|
|
|
|
1,386
|
|
|
|
1,346,846
|
|
|
|
Pilot Travel Centers, LLC
|
Term Loan, 4.25%, Maturing March 30, 2018
|
|
|
|
|
1,996
|
|
|
|
1,996,911
|
|
|
|
Savers, Inc.
|
Term Loan, 4.25%, Maturing March 3, 2017
|
|
|
|
|
1,368
|
|
|
|
1,360,429
|
|
|
|
Service Master Co.
|
Term Loan, 2.76%, Maturing July 24, 2014
|
|
|
|
|
225
|
|
|
|
213,316
|
|
|
|
Term Loan, 2.77%, Maturing July 24, 2014
|
|
|
|
|
2,255
|
|
|
|
2,142,046
|
|
|
|
Visant Holding Corp.
|
Term Loan, 5.25%, Maturing December 22, 2016
|
|
|
|
|
1,588
|
|
|
|
1,490,735
|
|
|
|
Vivarte SA
|
Term Loan, 3.09%, Maturing March 9, 2015
|
|
EUR
|
|
|
29
|
|
|
|
28,946
|
|
|
|
Term Loan, 3.09%, Maturing March 9, 2015
|
|
EUR
|
|
|
62
|
|
|
|
63,288
|
|
|
|
Term Loan, 3.09%, Maturing March 9, 2015
|
|
EUR
|
|
|
347
|
|
|
|
351,766
|
|
|
|
Term Loan, 3.72%, Maturing March 8, 2016
|
|
EUR
|
|
|
441
|
|
|
|
446,454
|
|
|
|
Term Loan, 3.72%, Maturing May 29, 2016
|
|
EUR
|
|
|
18
|
|
|
|
18,643
|
|
|
|
Term Loan, 3.72%, Maturing May 29, 2016
|
|
EUR
|
|
|
71
|
|
|
|
72,119
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
27,140,643
|
|
|
|
|
|
|
See Notes to
Financial Statements.
15
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount*
|
|
|
|
|
|
|
Borrower/Tranche Description
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Steel 0.4%
|
|
JMC Steel Group, Inc.
|
Term Loan, 4.75%, Maturing April 3, 2017
|
|
|
|
|
771
|
|
|
$
|
768,715
|
|
|
|
Niagara Corp.
|
Term Loan, 10.50%, Maturing June 29,
2014
(4)(6)
|
|
|
|
|
772
|
|
|
|
756,512
|
|
|
|
SunCoke Energy, Inc.
|
Term Loan, 4.01%, Maturing July 26, 2018
|
|
|
|
|
574
|
|
|
|
573,563
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,098,790
|
|
|
|
|
|
|
|
Surface
Transport 1.1%
|
|
Hertz Corp.
|
Term Loan, 3.75%, Maturing March 9, 2018
|
|
|
|
|
3,955
|
|
|
$
|
3,922,495
|
|
|
|
Swift Transportation Co., Inc.
|
Term Loan, 6.00%, Maturing December 21, 2016
|
|
|
|
|
2,380
|
|
|
|
2,372,944
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
6,295,439
|
|
|
|
|
|
|
|
Telecommunications 4.8%
|
|
Alaska Communications Systems Holdings, Inc.
|
Term Loan, 5.50%, Maturing October 21, 2016
|
|
|
|
|
2,059
|
|
|
$
|
1,970,196
|
|
|
|
Cellular South, Inc.
|
Term Loan, 4.50%, Maturing July 27, 2017
|
|
|
|
|
948
|
|
|
|
942,887
|
|
|
|
Intelsat Jackson Holdings SA
|
Term Loan, 5.25%, Maturing April 2, 2018
|
|
|
|
|
11,716
|
|
|
|
11,639,970
|
|
|
|
Macquarie UK Broadcast, Ltd.
|
Term Loan, 2.99%, Maturing December 1, 2014
|
|
GBP
|
|
|
828
|
|
|
|
1,109,536
|
|
|
|
MetroPCS Wireless
|
Term Loan, 4.09%, Maturing November 4, 2016
|
|
|
|
|
987
|
|
|
|
970,357
|
|
|
|
Term Loan, 4.03%, Maturing March 16, 2018
|
|
|
|
|
4,527
|
|
|
|
4,418,297
|
|
|
|
NTELOS, Inc.
|
Term Loan, 4.00%, Maturing August 7, 2015
|
|
|
|
|
1,219
|
|
|
|
1,201,254
|
|
|
|
SBA Finance
|
Term Loan, 3.75%, Maturing June 29, 2018
|
|
|
|
|
1,047
|
|
|
|
1,040,174
|
|
|
|
Syniverse Technologies, Inc.
|
Term Loan, 5.25%, Maturing December 21, 2017
|
|
|
|
|
995
|
|
|
|
993,744
|
|
|
|
Telesat Canada
|
Term Loan, 3.26%, Maturing October 31, 2014
|
|
|
|
|
155
|
|
|
|
152,471
|
|
|
|
Term Loan, 3.26%, Maturing October 31, 2014
|
|
|
|
|
1,809
|
|
|
|
1,774,998
|
|
|
|
TowerCo Finance, LLC
|
Term Loan, 5.25%, Maturing February 2, 2017
|
|
|
|
|
746
|
|
|
|
749,048
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
26,962,932
|
|
|
|
|
|
|
|
Utilities 3.5%
|
|
AES Corp.
|
Term Loan, 4.25%, Maturing June 1, 2018
|
|
|
|
|
2,910
|
|
|
$
|
2,885,820
|
|
|
|
BRSP, LLC
|
Term Loan, 7.50%, Maturing June 4, 2014
|
|
|
|
|
962
|
|
|
|
964,164
|
|
|
|
Calpine Corp.
|
Term Loan, 4.50%, Maturing April 2, 2018
|
|
|
|
|
1,072
|
|
|
|
1,043,896
|
|
|
|
Term Loan, 4.50%, Maturing April 2, 2018
|
|
|
|
|
3,159
|
|
|
|
3,067,314
|
|
|
|
Dynegy Holdings, Inc.
|
Term Loan, 9.25%, Maturing August 4, 2016
|
|
|
|
|
575
|
|
|
|
575,479
|
|
|
|
Term Loan, 9.25%, Maturing August 4, 2016
|
|
|
|
|
1,050
|
|
|
|
1,058,400
|
|
|
|
EquiPower Resources Holdings, LLC
|
Term Loan, 5.75%, Maturing January 26, 2018
|
|
|
|
|
602
|
|
|
|
597,768
|
|
|
|
Invenergy, LLC
|
Term Loan, 9.00%, Maturing November 21, 2017
|
|
|
|
|
850
|
|
|
|
839,375
|
|
|
|
NRG Energy, Inc.
|
Term Loan, 4.00%, Maturing July 2, 2018
|
|
|
|
|
4,963
|
|
|
|
4,937,750
|
|
|
|
Texas Competitive Electric Holdings Co., LLC
|
Term Loan, 4.75%, Maturing October 10, 2017
|
|
|
|
|
6,000
|
|
|
|
3,941,481
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
19,911,447
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Senior Floating-Rate Interests
|
|
|
|
|
|
|
(identified cost $836,394,000)
|
|
$
|
813,090,381
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate Bonds & Notes 8.1%
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount*
|
|
|
|
|
|
|
Security
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
|
Automotive 0.0%
(7)
|
|
American Axle & Manufacturing Holdings, Inc., Sr.
Notes
|
9.25%, 1/15/17
(8)
|
|
|
|
|
135
|
|
|
$
|
143,100
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
143,100
|
|
|
|
|
|
|
|
Broadcast Radio and
Television 0.1%
|
|
XM Satellite Radio Holdings, Inc.
|
13.00%, 8/1/14
(8)
|
|
|
|
|
480
|
|
|
$
|
544,800
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
544,800
|
|
|
|
|
|
|
See Notes to
Financial Statements.
16
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount*
|
|
|
|
|
|
|
Security
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Building and
Development 0.7%
|
|
AMO Escrow Corp., Sr. Notes
|
11.50%, 12/15/17
(8)
|
|
|
|
|
2,038
|
|
|
$
|
1,864,770
|
|
|
|
Grohe Holding GmbH
|
4.447%, 1/15/14
(9)(10)
|
|
EUR
|
|
|
1,575
|
|
|
|
1,968,184
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,832,954
|
|
|
|
|
|
|
|
Business Equipment and
Services 0.5%
|
|
Brocade Communications Systems, Inc., Sr. Notes
|
6.625%, 1/15/18
|
|
|
|
|
40
|
|
|
$
|
41,800
|
|
|
|
6.875%, 1/15/20
|
|
|
|
|
40
|
|
|
|
42,600
|
|
|
|
Education Management, LLC, Sr. Notes
|
8.75%, 6/1/14
|
|
|
|
|
445
|
|
|
|
446,112
|
|
|
|
RSC Equipment Rental, Inc., Sr. Notes
|
10.00%, 7/15/17
(8)
|
|
|
|
|
750
|
|
|
|
823,125
|
|
|
|
SunGard Data Systems, Inc., Sr. Notes
|
10.625%, 5/15/15
|
|
|
|
|
1,380
|
|
|
|
1,462,800
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,816,437
|
|
|
|
|
|
|
|
Chemicals and
Plastics 0.2%
|
|
INEOS Group Holdings PLC, Sr. Sub. Notes
|
8.50%, 2/15/16
(8)
|
|
|
|
|
75
|
|
|
$
|
58,875
|
|
|
|
Styrolution Group GmbH, Sr. Notes
|
7.625%, 5/15/16
(8)
|
|
EUR
|
|
|
1,225
|
|
|
|
1,111,072
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,169,947
|
|
|
|
|
|
|
|
Conglomerates 0.0%
(7)
|
|
RBS Global & Rexnord Corp.
|
11.75%, 8/1/16
|
|
|
|
|
175
|
|
|
$
|
182,875
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
182,875
|
|
|
|
|
|
|
|
Containers and Glass
Products 0.2%
|
|
Berry Plastics Corp., Sr. Notes
|
5.153%, 2/15/15
(10)
|
|
|
|
|
1,000
|
|
|
$
|
985,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
985,000
|
|
|
|
|
|
|
|
Cosmetics / Toiletries 0.3%
|
|
Revlon Consumer Products Corp.
|
9.75%, 11/15/15
(8)
|
|
|
|
|
1,420
|
|
|
$
|
1,519,400
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,519,400
|
|
|
|
|
|
|
|
Electronics / Electrical 0.1%
|
|
NXP BV/NXP Funding, LLC
|
3.153%, 10/15/13
(10)
|
|
|
|
|
761
|
|
|
$
|
760,049
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
760,049
|
|
|
|
|
|
|
|
Equipment
Leasing 0.3%
|
|
International Lease Finance Corp., Sr. Notes
|
5.65%, 6/1/14
|
|
|
|
|
1,000
|
|
|
$
|
945,000
|
|
|
|
6.75%, 9/1/16
(8)
|
|
|
|
|
400
|
|
|
|
404,000
|
|
|
|
7.125%, 9/1/18
(8)
|
|
|
|
|
400
|
|
|
|
410,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,759,000
|
|
|
|
|
|
|
|
Financial
Intermediaries 0.9%
|
|
First Data Corp., Sr. Notes
|
7.375%, 6/15/19
(8)
|
|
|
|
|
1,000
|
|
|
$
|
945,000
|
|
|
|
Ford Motor Credit Co., LLC, Sr. Notes
|
12.00%, 5/15/15
|
|
|
|
|
2,250
|
|
|
|
2,754,194
|
|
|
|
8.00%, 12/15/16
|
|
|
|
|
260
|
|
|
|
292,906
|
|
|
|
UPCB Finance II, Ltd., Sr. Notes
|
6.375%, 7/1/20
(8)
|
|
EUR
|
|
|
1,000
|
|
|
|
1,229,485
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
5,221,585
|
|
|
|
|
|
|
|
Food Service 0.1%
|
|
NPC International, Inc., Sr. Sub. Notes
|
9.50%, 5/1/14
|
|
|
|
|
280
|
|
|
$
|
288,403
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
288,403
|
|
|
|
|
|
|
|
Forest
Products 0.0%
(7)
|
|
Verso Paper Holdings, LLC/Verso Paper, Inc.
|
11.375%, 8/1/16
|
|
|
|
|
150
|
|
|
$
|
90,750
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
90,750
|
|
|
|
|
|
|
|
Health Care 0.2%
|
|
Accellent, Inc., Sr. Notes
|
8.375%, 2/1/17
|
|
|
|
|
180
|
|
|
$
|
169,200
|
|
|
|
Biomet, Inc.
|
10.375%, 10/15/17
(6)
|
|
|
|
|
125
|
|
|
|
134,687
|
|
|
|
11.625%, 10/15/17
|
|
|
|
|
600
|
|
|
|
645,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
948,887
|
|
|
|
|
|
|
See Notes to
Financial Statements.
17
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount*
|
|
|
|
|
|
|
Security
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Industrial
Equipment 0.2%
|
|
Terex Corp., Sr. Notes
|
10.875%, 6/1/16
|
|
|
|
|
1,000
|
|
|
$
|
1,115,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,115,000
|
|
|
|
|
|
|
|
Insurance 0.0%
(7)
|
|
Alliant Holdings I, Inc.
|
11.00%, 5/1/15
(8)
|
|
|
|
|
50
|
|
|
$
|
51,500
|
|
|
|
HUB International Holdings, Inc., Sr. Notes
|
9.00%, 12/15/14
(8)
|
|
|
|
|
140
|
|
|
|
138,250
|
|
|
|
USI Holdings Corp., Sr. Notes
|
4.332%, 11/15/14
(8)(10)
|
|
|
|
|
75
|
|
|
|
68,250
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
258,000
|
|
|
|
|
|
|
|
Leisure
Goods / Activities / Movies 0.1%
|
|
AMC Entertainment, Inc., Sr. Notes
|
8.75%, 6/1/19
|
|
|
|
|
85
|
|
|
$
|
86,275
|
|
|
|
Royal Caribbean Cruises, Sr. Notes
|
7.00%, 6/15/13
|
|
|
|
|
105
|
|
|
|
110,250
|
|
|
|
6.875%, 12/1/13
|
|
|
|
|
40
|
|
|
|
42,200
|
|
|
|
7.25%, 6/15/16
|
|
|
|
|
25
|
|
|
|
27,000
|
|
|
|
7.25%, 3/15/18
|
|
|
|
|
50
|
|
|
|
52,750
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
318,475
|
|
|
|
|
|
|
|
Lodging and
Casinos 0.6%
|
|
Buffalo Thunder Development Authority
|
9.375%, 12/15/14
(3)(8)
|
|
|
|
|
535
|
|
|
$
|
195,275
|
|
|
|
CCM Merger, Inc.
|
8.00%, 8/1/13
(8)
|
|
|
|
|
65
|
|
|
|
61,262
|
|
|
|
Harrahs Operating Co., Inc., Sr. Notes
|
11.25%, 6/1/17
|
|
|
|
|
1,000
|
|
|
|
1,045,000
|
|
|
|
Inn of the Mountain Gods Resort & Casino, Sr. Notes
|
1.25%, 11/30/20
(6)(8)
|
|
|
|
|
358
|
|
|
|
194,276
|
|
|
|
8.75%, 11/30/20
(8)
|
|
|
|
|
155
|
|
|
|
149,575
|
|
|
|
Mohegan Tribal Gaming Authority, Sr. Sub. Notes
|
8.00%, 4/1/12
|
|
|
|
|
165
|
|
|
|
108,075
|
|
|
|
7.125%, 8/15/14
|
|
|
|
|
240
|
|
|
|
122,400
|
|
|
|
6.875%, 2/15/15
|
|
|
|
|
260
|
|
|
|
126,100
|
|
|
|
Peninsula Gaming, LLC
|
10.75%, 8/15/17
(8)
|
|
|
|
|
1,000
|
|
|
|
1,030,000
|
|
|
|
Tunica-Biloxi Gaming Authority, Sr. Notes
|
9.00%, 11/15/15
(8)
|
|
|
|
|
345
|
|
|
|
343,275
|
|
|
|
Waterford Gaming, LLC, Sr. Notes
|
8.625%, 9/15/14
(4)(8)
|
|
|
|
|
237
|
|
|
|
136,711
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,511,949
|
|
|
|
|
|
|
|
Nonferrous
Metals / Minerals 0.2%
|
|
Cloud Peak Energy Resources, LLC/Cloud Peak
Energy Finance Corp.
|
8.25%, 12/15/17
|
|
|
|
|
1,000
|
|
|
$
|
1,060,000
|
|
|
|
8.50%, 12/15/19
|
|
|
|
|
335
|
|
|
|
360,125
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,420,125
|
|
|
|
|
|
|
|
Oil and Gas 0.1%
|
|
Petroleum Development Corp., Sr. Notes
|
12.00%, 2/15/18
|
|
|
|
|
135
|
|
|
$
|
145,125
|
|
|
|
Petroplus Finance, Ltd.
|
7.00%, 5/1/17
(8)
|
|
|
|
|
120
|
|
|
|
72,600
|
|
|
|
Quicksilver Resources, Inc., Sr. Notes
|
11.75%, 1/1/16
|
|
|
|
|
135
|
|
|
|
152,550
|
|
|
|
SESI, LLC, Sr. Notes
|
6.875%, 6/1/14
|
|
|
|
|
65
|
|
|
|
65,325
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
435,600
|
|
|
|
|
|
|
|
Publishing 0.5%
|
|
Laureate Education, Inc.
|
10.00%, 8/15/15
(8)
|
|
|
|
|
1,100
|
|
|
$
|
1,102,750
|
|
|
|
11.25%, 8/15/15
(6)(8)
|
|
|
|
|
1,349
|
|
|
|
1,359,474
|
|
|
|
12.75%, 8/15/17
(8)
|
|
|
|
|
105
|
|
|
|
106,575
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,568,799
|
|
|
|
|
|
|
|
Radio and
Television 0.2%
|
|
Entravision Communications Corp., Sr. Notes
|
8.75%, 8/1/17
(8)
|
|
|
|
|
1,000
|
|
|
$
|
982,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
982,500
|
|
|
|
|
|
|
|
Rail
Industries 0.1%
|
|
American Railcar Industry, Sr. Notes
|
7.50%, 3/1/14
|
|
|
|
|
195
|
|
|
$
|
195,731
|
|
|
|
Kansas City Southern Mexico, Sr. Notes
|
8.00%, 2/1/18
|
|
|
|
|
500
|
|
|
|
550,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
745,731
|
|
|
|
|
|
|
See Notes to
Financial Statements.
18
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount*
|
|
|
|
|
|
|
Security
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Retailers (Except Food and
Drug) 0.5%
|
|
Amscan Holdings, Inc., Sr. Sub. Notes
|
8.75%, 5/1/14
|
|
|
|
|
455
|
|
|
$
|
457,275
|
|
|
|
Sally Holdings, LLC, Sr. Notes
|
9.25%, 11/15/14
|
|
|
|
|
670
|
|
|
|
687,172
|
|
|
|
10.50%, 11/15/16
|
|
|
|
|
510
|
|
|
|
538,055
|
|
|
|
Toys R Us
|
10.75%, 7/15/17
|
|
|
|
|
1,000
|
|
|
|
1,082,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,765,002
|
|
|
|
|
|
|
|
Steel 0.0%
(7)
|
|
RathGibson, Inc., Sr. Notes
|
11.25%, 2/15/14
(3)(4)
|
|
|
|
|
495
|
|
|
$
|
50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
50
|
|
|
|
|
|
|
|
Surface
Transport 0.0%
(7)
|
|
CEVA Group PLC, Sr. Notes
|
11.50%, 4/1/18
(8)
|
|
|
|
|
115
|
|
|
$
|
103,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
103,500
|
|
|
|
|
|
|
|
Telecommunications 0.4%
|
|
Avaya, Inc., Sr. Notes
|
9.75%, 11/1/15
|
|
|
|
|
840
|
|
|
$
|
661,500
|
|
|
|
EH Holding Corp., Sr. Notes
|
6.50%, 6/15/19
(8)
|
|
|
|
|
1,000
|
|
|
|
982,500
|
|
|
|
Intelsat Bermuda, Ltd.
|
11.25%, 6/15/16
|
|
|
|
|
205
|
|
|
|
213,713
|
|
|
|
Telesat Canada/Telesat, LLC, Sr. Notes
|
11.00%, 11/1/15
|
|
|
|
|
405
|
|
|
|
434,362
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,292,075
|
|
|
|
|
|
|
|
Utilities 1.6%
|
|
Calpine Corp., Sr. Notes
|
7.50%, 2/15/21
(8)
|
|
|
|
|
5,100
|
|
|
$
|
5,227,500
|
|
|
|
7.875%, 1/15/23
(8)
|
|
|
|
|
3,825
|
|
|
|
3,968,437
|
|
|
|
Reliant Energy, Inc., Sr. Notes
|
7.625%, 6/15/14
|
|
|
|
|
20
|
|
|
|
20,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
9,215,937
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds &
Notes
|
|
|
|
|
|
|
(identified cost $46,856,326)
|
|
$
|
45,995,930
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset-Backed Securities 0.7%
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
Security
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Alzette European CLO SA,
Series 2004-1A,
Class E2,
6.874%, 12/15/20
(10)
|
|
|
|
$
|
400
|
|
|
$
|
322,016
|
|
|
|
Avalon Capital Ltd. 3, Series 1A, Class D,
2.456%, 2/24/19
(8)(10)
|
|
|
|
|
589
|
|
|
|
409,754
|
|
|
|
Babson Ltd.,
Series 2005-1A,
Class C1,
2.353%, 4/15/19
(8)(10)
|
|
|
|
|
753
|
|
|
|
493,664
|
|
|
|
Centurion CDO 8 Ltd.,
Series 2005-8A,
Class D,
5.836%, 3/8/17
(10)
|
|
|
|
|
985
|
|
|
|
708,705
|
|
|
|
Centurion CDO 9 Ltd.,
Series 2005-9A,
Class D1,
5.153%, 7/17/19
(10)
|
|
|
|
|
750
|
|
|
|
505,696
|
|
|
|
Comstock Funding Ltd.,
Series 2006-1A,
Class D,
4.773%, 5/30/20
(8)(10)
|
|
|
|
|
692
|
|
|
|
448,968
|
|
|
|
First CLO Ltd.,
Series 2004-1A1,
Class C,
2.722%, 7/27/16
(8)(10)
|
|
|
|
|
1,000
|
|
|
|
910,551
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Securities
|
|
|
|
|
|
|
(identified cost $5,013,331)
|
|
$
|
3,799,354
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stocks 2.0%
|
|
Security
|
|
|
|
Shares
|
|
|
Value
|
|
|
|
|
|
|
Automotive 0.5%
|
|
Dayco Products,
LLC
(11)(12)
|
|
|
|
|
20,780
|
|
|
$
|
836,395
|
|
|
|
Hayes Lemmerz International,
Inc.
(11)(12)
|
|
|
|
|
35,798
|
|
|
|
1,924,142
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,760,537
|
|
|
|
|
|
|
|
Building and
Development 0.1%
|
|
Panolam Industries International,
Inc.
(4)(11)(13)
|
|
|
|
|
280
|
|
|
$
|
239,131
|
|
|
|
United Subcontractors,
Inc.
(4)(11)(12)
|
|
|
|
|
569
|
|
|
|
33,312
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
272,443
|
|
|
|
|
|
|
|
Diversified
Manufacturing 0.0%
(7)
|
|
MEGA Brands,
Inc.
(11)
|
|
|
|
|
17,863
|
|
|
$
|
146,815
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
146,815
|
|
|
|
|
|
|
|
Financial
Intermediaries 0.0%
(7)
|
|
RTS Investor
Corp.
(4)(11)(12)
|
|
|
|
|
168
|
|
|
$
|
44,345
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
44,345
|
|
|
|
|
|
|
|
Food Service 0.0%
|
|
Buffets,
Inc.
(4)(11)(12)
|
|
|
|
|
25,547
|
|
|
$
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
0
|
|
|
|
|
|
|
See Notes to
Financial Statements.
19
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
|
|
|
|
|
|
|
|
|
|
|
|
|
Security
|
|
|
|
Shares
|
|
|
Value
|
|
|
|
|
|
Leisure
Goods / Activities / Movies 0.2%
|
|
Metro-Goldwyn-Mayer
Holdings,
Inc.
(11)(12)
|
|
|
|
|
66,174
|
|
|
$
|
1,273,849
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,273,849
|
|
|
|
|
|
|
|
Lodging and
Casinos 0.1%
|
|
Greektown Superholdings,
Inc.
(11)
|
|
|
|
|
83
|
|
|
$
|
5,769
|
|
|
|
Tropicana Entertainment,
Inc.
(11)(12)
|
|
|
|
|
37,016
|
|
|
|
507,426
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
513,195
|
|
|
|
|
|
|
|
Nonferrous
Metals / Minerals 0.0%
(7)
|
|
Euramax International,
Inc.
(4)(11)(12)
|
|
|
|
|
701
|
|
|
$
|
210,360
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
210,360
|
|
|
|
|
|
|
|
Oil and
Gas 0.0%
(7)
|
|
SemGroup
Corp.
(11)
|
|
|
|
|
1,565
|
|
|
$
|
44,055
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
44,055
|
|
|
|
|
|
|
|
Publishing 0.7%
|
|
Ion Media Networks,
Inc.
(4)(11)(12)
|
|
|
|
|
4,429
|
|
|
$
|
3,543,200
|
|
|
|
MediaNews Group,
Inc.
(4)(11)(12)
|
|
|
|
|
29,104
|
|
|
|
575,969
|
|
|
|
Source Interlink Companies,
Inc.
(4)(11)(12)
|
|
|
|
|
2,290
|
|
|
|
14,244
|
|
|
|
SuperMedia,
Inc.
(11)(12)
|
|
|
|
|
10,855
|
|
|
|
21,276
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
4,154,689
|
|
|
|
|
|
|
|
Radio and
Television 0.2%
|
|
New Young Broadcasting Holding Co.,
Inc.
(11)(12)
|
|
|
|
|
355
|
|
|
$
|
976,250
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
976,250
|
|
|
|
|
|
|
|
Steel 0.2%
|
|
KNIA Holdings,
Inc.
(4)(11)(12)
|
|
|
|
|
13,108
|
|
|
$
|
290,071
|
|
|
|
RathGibson Acquisition Co.,
LLC
(4)(11)(13)
|
|
|
|
|
22,100
|
|
|
|
682,890
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
972,961
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
|
|
|
|
|
|
|
(identified cost $6,006,261)
|
|
$
|
11,369,499
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants
0.0%
(7)
|
|
Security
|
|
|
|
Shares
|
|
|
Value
|
|
|
|
|
|
|
Oil and
Gas 0.0%
(7)
|
|
SemGroup Corp., Expires
11/30/14
(11)
|
|
|
|
|
1,647
|
|
|
$
|
11,817
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
11,817
|
|
|
|
|
|
|
|
Publishing 0.0%
|
|
Readers Digest Association, Inc. (The),
Expires 2/19/14
(4)(11)(12)
|
|
|
|
|
1,609
|
|
|
$
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
0
|
|
|
|
|
|
|
|
Radio and
Television 0.0%
(7)
|
|
New Young Broadcasting Holding Co., Inc.,
Expires 12/24/24
(11)(12)
|
|
|
|
|
4
|
|
|
$
|
11,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
11,000
|
|
|
|
|
|
|
|
Retailers (Except Food and
Drug) 0.0%
|
|
Oriental Trading Co., Inc., Expires
2/11/16
(4)(11)(12)
|
|
|
|
|
7,328
|
|
|
$
|
0
|
|
|
|
Oriental Trading Co., Inc., Expires
2/11/16
(4)(11)(12)
|
|
|
|
|
6,680
|
|
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Warrants
|
|
|
|
|
|
|
(identified cost $6,890)
|
|
$
|
22,817
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Investments 3.9%
|
|
|
|
|
|
Interest/
|
|
|
|
|
|
|
|
|
|
|
Principal
|
|
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
Description
|
|
|
|
(000s omitted)
|
|
|
Value
|
|
|
|
|
|
Eaton Vance Cash Reserves Fund, LLC,
0.07%
(14)
|
|
|
|
$
|
19,812
|
|
|
$
|
19,812,431
|
|
|
|
State Street Bank and Trust Euro Time Deposit,
0.01%, 12/1/11
|
|
|
|
|
2,390
|
|
|
|
2,390,459
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
|
|
|
|
|
|
|
(identified cost $22,202,890)
|
|
$
|
22,202,890
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 158.4%
|
|
|
|
|
|
|
(identified cost $916,479,698)
|
|
$
|
896,480,871
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less Unfunded Loan
Commitments (0.1)%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
(402,511
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Net Investments 158.3%
|
|
|
|
|
|
|
(identified cost $916,077,187)
|
|
$
|
896,078,360
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Assets, Less
Liabilities (44.2)%
|
|
|
|
|
|
$
|
(250,093,610
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auction Preferred Shares Plus
Cumulative Unpaid Dividends (14.1)%
|
|
|
|
|
|
$
|
(80,039,640
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common
Shares 100.0%
|
|
|
|
|
|
$
|
565,945,110
|
|
|
|
|
|
See Notes to
Financial Statements.
20
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Portfolio
of Investments (Unaudited) continued
The percentage shown for each investment category in the
Portfolio of Investments is based on net assets applicable to
common shares.
|
|
|
EUR
|
|
- Euro
|
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)
|
|
Unfunded or partially unfunded loan commitments. See
Note 1G for description.
|
|
(3)
|
|
Currently the issuer is in default with respect to interest
payments. For a variable rate security, interest rate has been
adjusted to reflect non-accrual status.
|
|
(4)
|
|
Security valued at fair value using methods determined in good
faith by or at the direction of the Trustees.
|
|
(5)
|
|
This Senior Loan will settle after November 30, 2011, at
which time the interest rate will be determined.
|
|
(6)
|
|
Represents a
payment-in-kind
security which may pay all or a portion of interest in
additional par.
|
|
(7)
|
|
Amount is less than 0.05%.
|
|
(8)
|
|
Security exempt from registration pursuant to Rule 144A
under the Securities Act of 1933. These securities may be sold
in certain transactions (normally to qualified institutional
buyers) and remain exempt from registration. At
November 30, 2011, the aggregate value of these securities
is $27,590,774 or 4.9% of the Trusts 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 November 30, 2011.
|
|
(11)
|
|
Non-income producing security.
|
|
|
|
(12)
|
|
Security was acquired in connection with a restructuring of a
Senior Loan and may be subject to restrictions on resale.
|
|
(13)
|
|
Restricted security (see Note 8).
|
|
(14)
|
|
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 November 30, 2011.
|
See Notes to
Financial Statements.
21
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Statement
of Assets and Liabilities (Unaudited)
|
|
|
|
|
|
|
Assets
|
|
November 30, 2011
|
|
|
|
Unaffiliated investments, at value (identified cost,
$896,264,756)
|
|
$
|
876,265,929
|
|
|
|
Affiliated investment, at value (identified cost, $19,812,431)
|
|
|
19,812,431
|
|
|
|
Foreign currency, at value (identified cost, $33,720)
|
|
|
33,655
|
|
|
|
Interest receivable
|
|
|
5,019,063
|
|
|
|
Interest receivable from affiliated investment
|
|
|
742
|
|
|
|
Receivable for investments sold
|
|
|
7,447,424
|
|
|
|
Receivable for open forward foreign currency exchange contracts
|
|
|
590,060
|
|
|
|
Prepaid expenses
|
|
|
31,178
|
|
|
|
Other assets
|
|
|
10,281
|
|
|
|
|
|
Total assets
|
|
$
|
909,210,763
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities
|
|
Notes payable
|
|
$
|
250,000,000
|
|
|
|
Payable for investments purchased
|
|
|
11,905,690
|
|
|
|
Payable for open forward foreign currency exchange contracts
|
|
|
321,716
|
|
|
|
Payable to affiliates:
|
|
|
|
|
|
|
Investment adviser fee
|
|
|
518,339
|
|
|
|
Trustees fees
|
|
|
4,856
|
|
|
|
Accrued expenses
|
|
|
475,412
|
|
|
|
|
|
Total liabilities
|
|
$
|
263,226,013
|
|
|
|
|
|
Auction preferred shares (3,200 shares outstanding) at
liquidation value plus cumulative unpaid dividends
|
|
$
|
80,039,640
|
|
|
|
|
|
Net assets applicable to common shares
|
|
$
|
565,945,110
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sources of Net Assets
|
|
Common shares, $0.01 par value, unlimited number of shares
authorized, 37,486,982 shares issued and outstanding
|
|
$
|
374,870
|
|
|
|
Additional paid-in capital
|
|
|
703,538,974
|
|
|
|
Accumulated net realized loss
|
|
|
(121,021,347
|
)
|
|
|
Accumulated undistributed net investment income
|
|
|
2,952,446
|
|
|
|
Net unrealized depreciation
|
|
|
(19,899,833
|
)
|
|
|
|
|
Net assets applicable to common shares
|
|
$
|
565,945,110
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Asset Value Per Common Share
|
|
($565,945,110
¸
37,486,982 common shares issued and outstanding)
|
|
$
|
15.10
|
|
|
|
|
|
See Notes to
Financial Statements.
22
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Statement
of Operations (Unaudited)
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
|
Investment Income
|
|
November 30, 2011
|
|
|
|
Interest and other income
|
|
$
|
23,739,499
|
|
|
|
Interest allocated from affiliated investment
|
|
|
7,994
|
|
|
|
Expenses allocated from affiliated investment
|
|
|
(1,549
|
)
|
|
|
|
|
Total investment income
|
|
$
|
23,745,944
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses
|
|
Investment adviser fee
|
|
$
|
3,377,382
|
|
|
|
Trustees fees and expenses
|
|
|
14,440
|
|
|
|
Custodian fee
|
|
|
198,411
|
|
|
|
Transfer and dividend disbursing agent fees
|
|
|
9,186
|
|
|
|
Legal and accounting services
|
|
|
83,640
|
|
|
|
Printing and postage
|
|
|
39,183
|
|
|
|
Interest expense and fees
|
|
|
1,667,115
|
|
|
|
Preferred shares service fee
|
|
|
57,660
|
|
|
|
Miscellaneous
|
|
|
83,266
|
|
|
|
|
|
Total expenses
|
|
$
|
5,530,283
|
|
|
|
|
|
Deduct
|
|
|
|
|
|
|
Reduction of investment adviser fee
|
|
$
|
260,101
|
|
|
|
Reduction of custodian fee
|
|
|
22
|
|
|
|
|
|
Total expense reductions
|
|
$
|
260,123
|
|
|
|
|
|
|
|
|
|
|
|
|
Net expenses
|
|
$
|
5,270,160
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income
|
|
$
|
18,475,784
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and Unrealized Gain (Loss)
|
|
Net realized gain (loss)
|
|
|
|
|
|
|
Investment transactions
|
|
$
|
(1,769,671
|
)
|
|
|
Investment transactions allocated from affiliated investment
|
|
|
386
|
|
|
|
Foreign currency and forward foreign currency exchange contract
transactions
|
|
|
2,812,730
|
|
|
|
|
|
Net realized gain
|
|
$
|
1,043,445
|
|
|
|
|
|
Change in unrealized appreciation (depreciation)
|
|
|
|
|
|
|
Investments
|
|
$
|
(31,463,683
|
)
|
|
|
Foreign currency and forward foreign currency exchange contracts
|
|
|
595,523
|
|
|
|
|
|
Net change in unrealized appreciation (depreciation)
|
|
$
|
(30,868,160
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Net realized and unrealized loss
|
|
$
|
(29,824,715
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Distributions to preferred shareholders
|
|
|
|
|
|
|
|
|
From net investment income
|
|
$
|
(586,645
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Net decrease in net assets from operations
|
|
$
|
(11,935,576
|
)
|
|
|
|
|
See Notes to
Financial Statements.
23
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Statements
of Changes in Net Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
|
|
|
|
|
November 30, 2011
|
|
Year Ended
|
|
|
Increase (Decrease)
in Net Assets
|
|
(Unaudited)
|
|
May 31, 2011
|
|
|
|
From operations
|
|
|
|
|
|
|
|
|
|
|
Net investment income
|
|
$
|
18,475,784
|
|
|
$
|
37,113,803
|
|
|
|
Net realized gain (loss) from investment, foreign currency and
forward foreign currency exchange contract transactions
|
|
|
1,043,445
|
|
|
|
(14,691,792
|
)
|
|
|
Net change in unrealized appreciation (depreciation) from
investments, foreign currency and forward foreign currency
exchange contracts
|
|
|
(30,868,160
|
)
|
|
|
55,101,570
|
|
|
|
Distributions to preferred shareholders
|
|
|
|
|
|
|
|
|
|
|
From net investment income
|
|
|
(586,645
|
)
|
|
|
(1,225,305
|
)
|
|
|
|
|
Net increase (decrease) in net assets from operations
|
|
$
|
(11,935,576
|
)
|
|
$
|
76,298,276
|
|
|
|
|
|
Distributions to common shareholders
|
|
|
|
|
|
|
|
|
|
|
From net investment income
|
|
$
|
(18,105,722
|
)
|
|
$
|
(38,187,166
|
)
|
|
|
|
|
Total distributions to common shareholders
|
|
$
|
(18,105,722
|
)
|
|
$
|
(38,187,166
|
)
|
|
|
|
|
Capital share transactions
|
|
|
|
|
|
|
|
|
|
|
Reinvestment of distributions to common shareholders
|
|
$
|
96,565
|
|
|
$
|
1,167,878
|
|
|
|
|
|
Net increase in net assets from capital share transactions
|
|
$
|
96,565
|
|
|
$
|
1,167,878
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in net assets
|
|
$
|
(29,944,733
|
)
|
|
$
|
39,278,988
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common
Shares
|
|
At beginning of period
|
|
$
|
595,889,843
|
|
|
$
|
556,610,855
|
|
|
|
|
|
At end of period
|
|
$
|
565,945,110
|
|
|
$
|
595,889,843
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated undistributed net
investment income
included in net assets applicable to common shares
|
|
At end of period
|
|
$
|
2,952,446
|
|
|
$
|
3,169,029
|
|
|
|
|
|
See Notes to
Financial Statements.
24
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Statement
of Cash Flows (Unaudited)
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
|
Cash Flows From
Operating Activities
|
|
November 30, 2011
|
|
|
|
Net decrease in net assets from operations
|
|
$
|
(11,935,576
|
)
|
|
|
Distributions to preferred shareholders
|
|
|
586,645
|
|
|
|
|
|
Net decrease in net assets from operations excluding
distributions to preferred shareholders
|
|
$
|
(11,348,931
|
)
|
|
|
Adjustments to reconcile net decrease in net assets from
operations to net cash provided by operating activities:
|
|
|
|
|
|
|
Investments purchased
|
|
|
(141,894,328
|
)
|
|
|
Investments sold and principal repayments
|
|
|
140,901,004
|
|
|
|
Decrease in short-term investments, net
|
|
|
7,847,813
|
|
|
|
Net amortization/accretion of premium (discount)
|
|
|
(1,798,479
|
)
|
|
|
Decrease in restricted cash
|
|
|
782,194
|
|
|
|
Increase in interest receivable
|
|
|
(158,885
|
)
|
|
|
Decrease in interest receivable from affiliated investment
|
|
|
1,716
|
|
|
|
Increase in receivable for investments sold
|
|
|
(7,007,936
|
)
|
|
|
Increase in receivable for open forward foreign currency
exchange contracts
|
|
|
(147,894
|
)
|
|
|
Decrease in receivable from the transfer agent
|
|
|
97,149
|
|
|
|
Increase in prepaid expenses
|
|
|
(13,710
|
)
|
|
|
Increase in other assets
|
|
|
(1,311
|
)
|
|
|
Decrease in payable for investments purchased
|
|
|
(12,389,715
|
)
|
|
|
Decrease in payable for open forward foreign currency exchange
contracts
|
|
|
(505,208
|
)
|
|
|
Increase in payable to affiliate for investment adviser fee
|
|
|
14,196
|
|
|
|
Decrease in payable to affiliate for Trustees fees
|
|
|
(127
|
)
|
|
|
Decrease in accrued expenses
|
|
|
(48,603
|
)
|
|
|
Decrease in unfunded loan commitments
|
|
|
(2,454,497
|
)
|
|
|
Net change in unrealized (appreciation) depreciation from
investments
|
|
|
31,463,683
|
|
|
|
Net realized loss from investments
|
|
|
1,769,671
|
|
|
|
|
|
Net cash provided by operating activities
|
|
$
|
5,107,802
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Flows From Financing Activities
|
|
Distributions paid to common shareholders, net of reinvestments
|
|
$
|
(18,009,157
|
)
|
|
|
Cash distributions to preferred shareholders
|
|
|
(569,226
|
)
|
|
|
Proceeds from notes payable
|
|
|
12,000,000
|
|
|
|
|
|
Net cash used in financing activities
|
|
$
|
(6,578,383
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Net decrease in cash*
|
|
$
|
(1,470,581
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Cash at beginning of
period
(1)
|
|
$
|
1,504,236
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash at end of
period
(1)
|
|
$
|
33,655
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental disclosure of cash
flow information:
|
|
Noncash financing activities not included herein consist of:
|
|
|
|
|
|
|
Reinvestment of dividends and distributions
|
|
$
|
96,565
|
|
|
|
Cash paid for interest and fees on borrowings
|
|
|
1,658,147
|
|
|
|
|
|
|
|
|
*
|
|
Includes net change in unrealized appreciation (depreciation) on
foreign currency of $399.
|
(1)
|
|
Balance includes foreign currency, at value.
|
See Notes to
Financial Statements.
25
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Selected data for a common share
outstanding during the periods stated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
Year Ended May 31,
|
|
|
|
|
November 30, 2011
|
|
|
|
|
(Unaudited)
|
|
2011
|
|
2010
|
|
2009
|
|
2008
|
|
2007
|
|
|
|
Net asset value Beginning of period (Common shares)
|
|
$
|
15.900
|
|
|
$
|
14.880
|
|
|
$
|
11.390
|
|
|
$
|
16.280
|
|
|
$
|
18.980
|
|
|
$
|
18.910
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) From Operations
|
|
Net investment
income
(1)
|
|
$
|
0.493
|
|
|
$
|
0.991
|
|
|
$
|
1.008
|
|
|
$
|
1.136
|
|
|
$
|
2.002
|
|
|
$
|
2.174
|
|
|
|
Net realized and unrealized gain (loss)
|
|
|
(0.794
|
)
|
|
|
1.082
|
|
|
|
3.468
|
|
|
|
(4.917
|
)
|
|
|
(2.701
|
)
|
|
|
0.114
|
|
|
|
Distributions to preferred shareholders
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From net investment
income
(1)
|
|
|
(0.016
|
)
|
|
|
(0.033
|
)
|
|
|
(0.044
|
)
|
|
|
(0.111
|
)
|
|
|
(0.575
|
)
|
|
|
(0.601
|
)
|
|
|
|
|
Total income (loss) from operations
|
|
$
|
(0.317
|
)
|
|
$
|
2.040
|
|
|
$
|
4.432
|
|
|
$
|
(3.892
|
)
|
|
$
|
(1.274
|
)
|
|
$
|
1.687
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less Distributions to Common
Shareholders
|
|
From net investment income
|
|
$
|
(0.483
|
)
|
|
$
|
(1.020
|
)
|
|
$
|
(0.942
|
)
|
|
$
|
(0.868
|
)
|
|
$
|
(1.417
|
)
|
|
$
|
(1.617
|
)
|
|
|
Tax return of capital
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(0.130
|
)
|
|
|
(0.009
|
)
|
|
|
|
|
|
|
|
|
Total distributions to common shareholders
|
|
$
|
(0.483
|
)
|
|
$
|
(1.020
|
)
|
|
$
|
(0.942
|
)
|
|
$
|
(0.998
|
)
|
|
$
|
(1.426
|
)
|
|
$
|
(1.617
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value End of period (Common shares)
|
|
$
|
15.100
|
|
|
$
|
15.900
|
|
|
$
|
14.880
|
|
|
$
|
11.390
|
|
|
$
|
16.280
|
|
|
$
|
18.980
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Market value End of period (Common shares)
|
|
$
|
14.530
|
|
|
$
|
16.390
|
|
|
$
|
14.350
|
|
|
$
|
10.330
|
|
|
$
|
15.130
|
|
|
$
|
19.480
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Return on Net Asset
Value
(2)
|
|
|
(1.87
|
)%
(3)
|
|
|
14.13
|
%
|
|
|
40.07
|
%
|
|
|
(22.80
|
)%
|
|
|
(6.31
|
)%
|
|
|
9.45
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Return on Market
Value
(2)
|
|
|
(8.40
|
)%
(3)
|
|
|
21.99
|
%
|
|
|
48.94
|
%
|
|
|
(24.66
|
)%
|
|
|
(15.15
|
)%
|
|
|
18.34
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Financial Statements.
26
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Financial
Highlights continued
Selected data for a common share
outstanding during the periods stated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
Year Ended May 31,
|
|
|
|
|
November 30, 2011
|
|
|
Ratios/Supplemental
Data
|
|
(Unaudited)
|
|
2011
|
|
2010
|
|
2009
|
|
2008
|
|
2007
|
|
|
|
Net assets applicable to common shares, end of period
(000s omitted)
|
|
$
|
565,945
|
|
|
$
|
595,890
|
|
|
$
|
556,611
|
|
|
$
|
425,899
|
|
|
$
|
608,310
|
|
|
$
|
708,775
|
|
|
|
Ratios (as a percentage of average daily net assets applicable
to common
shares):
(4)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses excluding interest and
fees
(5)
|
|
|
1.26
|
%
(6)
|
|
|
1.22
|
%
|
|
|
1.15
|
%
|
|
|
1.24
|
%
|
|
|
1.22
|
%
|
|
|
1.14
|
%
|
|
|
Interest and fee
expense
(7)
|
|
|
0.58
|
%
(6)
|
|
|
0.65
|
%
|
|
|
0.59
|
%
|
|
|
2.00
|
%
|
|
|
0.12
|
%
|
|
|
|
|
|
|
Total expenses
|
|
|
1.84
|
%
(6)
|
|
|
1.87
|
%
|
|
|
1.74
|
%
|
|
|
3.24
|
%
|
|
|
1.34
|
%
|
|
|
1.14
|
%
|
|
|
Net investment income
|
|
|
6.47
|
%
(6)
|
|
|
6.43
|
%
|
|
|
7.20
|
%
|
|
|
9.71
|
%
|
|
|
11.68
|
%
|
|
|
11.50
|
%
|
|
|
Portfolio Turnover
|
|
|
16
|
%
(3)
|
|
|
50
|
%
|
|
|
43
|
%
|
|
|
16
|
%
|
|
|
36
|
%
|
|
|
58
|
%
|
|
|
|
|
The ratios reported above are based on net assets applicable
solely to common shares. The ratios based on net assets,
including amounts related to preferred shares and borrowings,
are as follows:
|
Ratios (as a percentage of average daily net assets applicable
to common shares plus preferred shares and
borrowings):
(4)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses excluding interest and
fees
(5)
|
|
|
0.80
|
%
(6)
|
|
|
0.78
|
%
|
|
|
0.73
|
%
|
|
|
0.71
|
%
|
|
|
0.73
|
%
|
|
|
0.71
|
%
|
|
|
Interest and fee
expense
(7)
|
|
|
0.37
|
%
(6)
|
|
|
0.42
|
%
|
|
|
0.38
|
%
|
|
|
1.15
|
%
|
|
|
0.07
|
%
|
|
|
|
|
|
|
Total expenses
|
|
|
1.17
|
%
(6)
|
|
|
1.20
|
%
|
|
|
1.11
|
%
|
|
|
1.86
|
%
|
|
|
0.80
|
%
|
|
|
0.71
|
%
|
|
|
Net investment income
|
|
|
4.11
|
%
(6)
|
|
|
4.14
|
%
|
|
|
4.61
|
%
|
|
|
5.57
|
%
|
|
|
6.96
|
%
|
|
|
7.11
|
%
|
|
|
|
|
Senior Securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total notes payable outstanding (in 000s)
|
|
$
|
250,000
|
|
|
$
|
238,000
|
|
|
$
|
238,000
|
|
|
$
|
96,000
|
|
|
$
|
290,000
|
|
|
$
|
|
|
|
|
Asset coverage per $1,000 of notes
payable
(8)
|
|
$
|
3,584
|
|
|
$
|
3,840
|
|
|
$
|
3,675
|
|
|
$
|
6,947
|
|
|
$
|
3,598
|
|
|
$
|
|
|
|
|
Total preferred shares outstanding
|
|
|
3,200
|
|
|
|
3,200
|
|
|
|
3,200
|
|
|
|
5,800
|
|
|
|
5,800
|
|
|
|
17,400
|
|
|
|
Asset coverage per preferred share
|
|
$
|
67,878
|
(9)
|
|
$
|
71,848
|
(9)
|
|
$
|
68,760
|
(9)
|
|
$
|
69,183
|
(9)
|
|
$
|
59,955
|
(9)
|
|
$
|
65,741
|
(10)
|
|
|
Involuntary liquidation preference per preferred
share
(11)
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
|
Approximate market value per preferred
share
(11)
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
|
|
|
|
|
|
(1)
|
|
Computed using average common shares outstanding.
|
(2)
|
|
Returns are historical and are calculated by determining the
percentage change in net asset value or market value with all
distributions reinvested.
|
(3)
|
|
Not annualized.
|
(4)
|
|
Ratios do not reflect the effect of dividend payments to
preferred shareholders.
|
(5)
|
|
Excludes the effect of custody fee credits, if any, of less than
0.005%.
|
(6)
|
|
Annualized.
|
(7)
|
|
Interest and fee expense relates to the notes payable incurred
to partially redeem the Trusts APS (see Note 10).
|
(8)
|
|
Calculated by subtracting the Trusts total liabilities
(not including the notes payable and preferred shares) from the
Trusts total assets, and dividing the result by the notes
payable balance in thousands.
|
(9)
|
|
Calculated by subtracting the Trusts total liabilities
(not including the notes payable and preferred shares) from the
Trusts total assets, dividing the result by the sum of the
value of the notes payable and liquidation value of the
preferred shares, and multiplying the result by the liquidation
value of one preferred share. Such amount equates to 272%, 287%,
275%, 277% and 240% at November 30, 2011, and May 31,
2011, 2010, 2009 and 2008, respectively.
|
(10)
|
|
Calculated by subtracting the Trusts total liabilities
(not including the preferred shares) from the Trusts total
assets, and dividing the result by the number of preferred
shares outstanding.
|
(11)
|
|
Plus accumulated and unpaid dividends.
|
See Notes to
Financial Statements.
27
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Notes
to Financial Statements (Unaudited)
1 Significant
Accounting Policies
Eaton Vance Floating-Rate Income Trust (the Trust) is a
Massachusetts business trust registered under the Investment
Company Act of 1940, as amended (the 1940 Act), as a
diversified, closed-end management investment company. The
Trusts investment objective is to provide a high level of
current income. The Trust will, as a secondary objective, also
seek preservation of capital to the extent consistent with its
primary goal of high current income.
The following is a summary of significant accounting policies of
the Trust. The policies are in conformity with accounting
principles generally accepted in the United States of America.
A Investment
Valuation
Interests in senior floating-rate
loans (Senior Loans) for which reliable market quotations are
readily available are valued generally at the average mean of
bid and ask quotations obtained from a third party pricing
service. Other Senior Loans are valued at fair value by the
investment adviser under procedures approved by the Trustees. In
fair valuing a Senior Loan, the investment adviser utilizes one
or more of the valuation techniques described in
(i) through (iii) below to assess the likelihood that
the borrower will make a full repayment of the loan underlying
such Senior Loan relative to yields on other Senior Loans issued
by companies of comparable credit quality. If the investment
adviser believes that there is a reasonable likelihood of full
repayment, the investment adviser will determine fair value
using a matrix pricing approach that considers the yield on the
Senior Loan. If the investment adviser believes there is not a
reasonable likelihood of full repayment, the investment adviser
will determine fair value using analyses that include, but are
not limited to: (i) a comparison of the value of the
borrowers outstanding equity and debt to that of
comparable public companies; (ii) a discounted cash flow
analysis; or (iii) when the investment adviser believes it
is likely that a borrower will be liquidated or sold, an
analysis of the terms of such liquidation or sale. In certain
cases, the investment adviser will use a combination of
analytical methods to determine fair value, such as when only a
portion of a borrowers assets are likely to be sold. In
conducting its assessment and analyses for purposes of
determining fair value of a Senior Loan, the investment adviser
will use its discretion and judgment in considering and
appraising relevant factors. Fair value determinations are made
by the portfolio managers of the Trust based on information
available to such managers. The portfolio managers of other
funds managed by the investment adviser that invest in Senior
Loans may not possess the same information about a Senior Loan
borrower as the portfolio managers of the Trust. At times, the
fair value of a Senior Loan determined by the portfolio managers
of other funds managed by the investment adviser that invest in
Senior Loans may vary from the fair value of the same Senior
Loan determined by the portfolio managers of the Trust. The fair
value of each Senior Loan is periodically reviewed and approved
by the investment advisers Valuation Committee and by the
Trustees based upon procedures approved by the Trustees. Junior
Loans (i.e., subordinated loans and second lien loans) are
valued in the same manner as Senior Loans.
Debt obligations (including short-term obligations with a
remaining maturity of more than sixty days) are generally valued
on the basis of valuations provided by third party pricing
services, as derived from such services pricing models.
Inputs to the models may include, but are not limited to,
reported trades, executable bid and asked prices, broker/dealer
quotations, prices or yields of securities with similar
characteristics, benchmark curves or information pertaining to
the issuer, as well as industry and economic events. The pricing
services may use a matrix approach, which considers information
regarding securities with similar characteristics to determine
the valuation for a security. Short-term obligations purchased
with a remaining maturity of sixty days or less are generally
valued at amortized cost, which approximates market value.
Equity securities (including common shares of closed-end
investment companies) listed on a U.S. securities exchange
generally are valued at the last sale or closing price on the
day of valuation or, if no sales took place on such date, at the
mean between the closing bid and asked prices therefore on the
exchange where such securities are principally traded. Equity
securities listed on the NASDAQ Global or Global Select Market
generally are valued at the NASDAQ official closing price.
Unlisted or listed securities for which closing sales prices or
closing quotations are not available are valued at the mean
between the latest available bid and asked prices or, in the
case of preferred equity securities that are not listed or
traded in the over-the-counter market, by a third party pricing
service that will use various techniques that consider factors
including, but not limited to, prices or yields of securities
with similar characteristics, benchmark yields, broker/dealer
quotes, quotes of underlying common stock, issuer spreads, as
well as industry and economic events. Forward foreign currency
exchange contracts are generally valued at the mean of the
average bid and average asked prices that are reported by
currency dealers to a third party pricing service at the
valuation time. Such third party pricing service valuations are
supplied for specific settlement periods and the Trusts
forward foreign currency exchange contracts are valued at an
interpolated rate between the closest preceding and subsequent
settlement period reported by the third party pricing service.
Foreign securities and currencies are valued in U.S. dollars,
based on foreign currency exchange rate quotations supplied by a
third party pricing service. The pricing service uses a
proprietary model to determine the exchange rate. Inputs to the
model include reported trades and implied bid/ask spreads.
Investments for which valuations or market quotations are not
readily available or are deemed unreliable are valued at fair
value using methods determined in good faith by or at the
direction of the Trustees of the Trust in a manner that fairly
reflects the securitys value, or the amount that the Trust
might reasonably expect to receive for the security upon its
current sale in the ordinary course. Each such determination is
based on a consideration of relevant factors, which are likely
to vary from one pricing context to another. These factors may
include, but are not limited to, the type of security, the
existence of any contractual restrictions on the securitys
disposition, the price and extent of public trading in similar
securities of the issuer or of comparable companies or entities,
quotations or relevant information obtained from broker/dealers
or other market participants, information obtained from the
issuer, analysts,
and/or
the
appropriate stock exchange (for exchange-traded securities), an
analysis of the companys or entitys financial
condition, and an evaluation of the forces that influence the
issuer and the market(s) in which the security is purchased and
sold.
The Trust may invest in Eaton Vance Cash Reserves Fund, LLC
(Cash Reserves Fund), an affiliated investment company managed
by Eaton Vance Management (EVM). Cash Reserves Fund generally
values its investment securities utilizing the amortized cost
valuation technique in accordance with
Rule 2a-7
under the 1940 Act. This technique involves initially valuing a
portfolio security at its cost and thereafter assuming a
constant amortization to maturity of any discount or premium. If
amortized cost is determined not to approximate fair value, Cash
Reserves Fund may value its investment securities in the same
manner as debt obligations described above.
28
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Notes
to Financial Statements (Unaudited) continued
B Investment
Transactions
Investment transactions for
financial statement purposes are accounted for on a trade date
basis. Realized gains and losses on investments sold are
determined on the basis of identified cost.
C Income
Interest income is recorded on the basis of interest accrued,
adjusted for amortization of premium or accretion of discount.
Fees associated with loan amendments are recognized immediately.
Dividend income is recorded on the ex-dividend date for
dividends received in cash
and/or
securities.
D Federal
Taxes
The Trusts policy is to comply
with the provisions of the Internal Revenue Code applicable to
regulated investment companies and to distribute to shareholders
each year substantially all of its net investment income, and
all or substantially all of its net realized capital gains.
Accordingly, no provision for federal income or excise tax is
necessary.
At May 31, 2011, the Trust, for federal income tax
purposes, had a capital loss carryforward of $121,662,579 which
will reduce its taxable income arising from future net realized
gains on investment transactions, if any, to the extent
permitted by the Internal Revenue Code, and thus will reduce the
amount of distributions to shareholders, which would otherwise
be necessary to relieve the Trust of any liability for federal
income or excise tax. Such capital loss carryforward will expire
on May 31, 2013 ($1,477,364), May 31, 2014
($5,274,046), May 31, 2015 ($431,997), May 31, 2016
($3,161,472), May 31, 2017 ($53,628,558), May 31, 2018
($40,967,167) and May 31, 2019 ($16,721,975). In addition,
such capital loss carryforward cannot be utilized prior to the
utilization of new capital losses, if any, created after
May 31, 2011.
As of November 30, 2011, the Trust had no uncertain tax
positions that would require financial statement recognition,
de-recognition, or disclosure. Each of the Trusts federal
tax returns filed in the
3-year
period ended May 31, 2011 remains subject to examination by
the Internal Revenue Service.
E Expense
Reduction
State Street Bank and
Trust Company (SSBT) serves as custodian of the Trust.
Pursuant to the custodian agreement, SSBT receives a fee reduced
by credits, which are determined based on the average daily cash
balance the Trust maintains with SSBT. All credit balances, if
any, used to reduce the Trusts custodian fees are reported
as a reduction of expenses in the Statement of Operations.
F Foreign Currency
Translation
Investment valuations, other
assets, and liabilities initially expressed in foreign
currencies are translated each business day into U.S. dollars
based upon current exchange rates. Purchases and sales of
foreign investment securities and income and expenses
denominated in foreign currencies are translated into U.S.
dollars based upon currency exchange rates in effect on the
respective dates of such transactions. Recognized gains or
losses on investment transactions attributable to changes in
foreign currency exchange rates are recorded for financial
statement purposes as net realized gains and losses on
investments. That portion of unrealized gains and losses on
investments that results from fluctuations in foreign currency
exchange rates is not separately disclosed.
G Unfunded Loan
Commitments
The Trust may enter into certain
credit agreements all or a portion of which may be unfunded. The
Trust is obligated to fund these commitments at the
borrowers discretion. These commitments are disclosed in
the accompanying Portfolio of Investments. At November 30,
2011, the Trust had sufficient cash
and/or
securities to cover these commitments.
H Use of
Estimates
The preparation of the financial
statements in conformity with accounting principles generally
accepted in the United States of America requires management to
make estimates and assumptions that affect the reported amounts
of assets and liabilities at the date of the financial
statements and the reported amounts of income and expense during
the reporting period. Actual results could differ from those
estimates.
I Indemnifications
Under the Trusts organizational documents, its officers
and Trustees may be indemnified against certain liabilities and
expenses arising out of the performance of their duties to the
Trust. Under Massachusetts law, if certain conditions prevail,
shareholders of a Massachusetts business trust (such as the
Trust) could be deemed to have personal liability for the
obligations of the Trust. However, the Trusts Declaration
of Trust contains an express disclaimer of liability on the part
of Fund shareholders and the By-laws provide that the Trust
shall assume the defense on behalf of any Fund shareholders.
Moreover, the By-laws also provide for indemnification out of
Fund property of any shareholder held personally liable solely
by reason of being or having been a shareholder for all loss or
expense arising from such liability. Additionally, in the normal
course of business, the Trust enters into agreements with
service providers that may contain indemnification clauses. The
Trusts maximum exposure under these arrangements is
unknown as this would involve future claims that may be made
against the Trust that have not yet occurred.
J Forward Foreign Currency
Exchange Contracts
The Trust may enter into
forward foreign currency exchange contracts for the purchase or
sale of a specific foreign currency at a fixed price on a future
date. The forward foreign currency exchange contracts are
adjusted by the daily exchange rate of the underlying currency
and any gains or losses are recorded as unrealized until such
time as the contracts have been closed or offset by another
contract with the same broker for the same settlement date and
currency. Risks may arise upon entering these contracts from the
potential inability of counterparties to meet the terms of their
contracts and from movements in the value of a foreign currency
relative to the U.S. dollar.
K Statement of Cash
Flows
The cash amount shown in the Statement
of Cash Flows of the Trust is the amount included in the
Trusts Statement of Assets and Liabilities and represents
the cash on hand at its custodian and does not include any
short-term investments.
L Interim Financial
Statements
The interim financial statements
relating to November 30, 2011 and for the six months then
ended have not been audited by an independent registered public
accounting firm, but in the opinion of the Trusts
management, reflect all adjustments, consisting only of normal
recurring adjustments, necessary for the fair presentation of
the financial statements.
29
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Notes
to Financial Statements (Unaudited) continued
2 Auction
Preferred Shares
The Trust issued Auction Preferred Shares (APS) on
September 16, 2004 in a public offering. The underwriting
discount and other offering costs incurred in connection with
the offering were recorded as a reduction of the paid-in capital
of the common shares. Dividends on the APS, which accrue daily,
are cumulative at rates which are reset weekly for
Series A, Series B and Series C, and
approximately monthly for Series D and Series E by an
auction, unless a special dividend period has been set. Series
of APS are identical in all respects except for the reset dates
of the dividend rates. If the APS auctions do not successfully
clear, the dividend payment rate over the next period for the
APS holders is set at a specified maximum applicable rate until
such time as the APS auctions are successful. Auctions have not
cleared since February 13, 2008 and the rate since that
date has been the maximum applicable rate (see Note 3). The
maximum applicable rate on the APS is the greater of
1) 125% of LIBOR at the date of the auction or
2) LIBOR at the date of the auction plus 1.25%.
The number of APS issued and outstanding as of November 30,
2011 is as follows:
|
|
|
|
|
|
|
|
|
APS Issued and
|
|
|
|
|
Outstanding
|
|
|
|
|
Series A
|
|
|
640
|
|
|
|
Series B
|
|
|
640
|
|
|
|
Series C
|
|
|
640
|
|
|
|
Series D
|
|
|
640
|
|
|
|
Series E
|
|
|
640
|
|
|
|
|
|
|
|
|
|
|
|
|
The APS are redeemable at the option of the Trust at a
redemption price equal to $25,000 per share, plus accumulated
and unpaid dividends, on any dividend payment date. The APS are
also subject to mandatory redemption at a redemption price equal
to $25,000 per share, plus accumulated and unpaid dividends, if
the Trust is in default for an extended period on its asset
maintenance requirements with respect to the APS. If the
dividends on the APS remain unpaid in an amount equal to two
full years dividends, the holders of the APS as a class
have the right to elect a majority of the Board of Trustees. In
general, the holders of the APS and the common shares have equal
voting rights of one vote per share, except that the holders of
the APS, as a separate class, have the right to elect at least
two members of the Board of Trustees. The APS have a liquidation
preference of $25,000 per share, plus accumulated and unpaid
dividends. The Trust is required to maintain certain asset
coverage with respect to the APS as defined in the Trusts
By-Laws and the 1940 Act. The Trust pays an annual fee up to
0.15% of the liquidation value of the APS to broker/dealers as a
service fee if the auctions are unsuccessful; otherwise, the
annual fee is 0.25%.
3 Distributions
to Shareholders
The Trust intends to make monthly distributions of net
investment income to common shareholders, after payment of any
dividends on any outstanding APS. In addition, at least
annually, the Trust intends to distribute all or substantially
all of its net realized capital gains (reduced by available
capital loss carryforwards from prior years, if any).
Distributions to common shareholders are recorded on the
ex-dividend date. Distributions to preferred shareholders are
recorded daily and are payable at the end of each dividend
period. The dividend rates for the APS at November 30,
2011, and the amount of dividends accrued (including capital
gains, if any) to APS shareholders, average APS dividend rates
(annualized), and dividend rate ranges for the six months then
ended were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
APS Dividend
|
|
Dividends
|
|
Average APS
|
|
Dividend
|
|
|
|
|
Rates at
|
|
Accrued to APS
|
|
Dividend
|
|
Rate
|
|
|
|
|
November 30, 2011
|
|
Shareholders
|
|
Rates
|
|
Ranges (%)
|
|
|
|
|
Series A
|
|
|
1.45
|
%
|
|
$
|
116,200
|
|
|
|
1.45
|
%
|
|
|
1.411.45
|
|
|
|
Series B
|
|
|
1.45
|
|
|
$
|
116,212
|
|
|
|
1.45
|
|
|
|
1.411.45
|
|
|
|
Series C
|
|
|
1.45
|
|
|
$
|
116,173
|
|
|
|
1.45
|
|
|
|
1.411.45
|
|
|
|
Series D
|
|
|
1.50
|
|
|
$
|
119,043
|
|
|
|
1.49
|
|
|
|
1.441.50
|
|
|
|
Series E
|
|
|
1.50
|
|
|
$
|
119,017
|
|
|
|
1.49
|
|
|
|
1.441.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning February 13, 2008 and consistent with the
patterns in the broader market for auction-rate securities, the
Trusts APS auctions were unsuccessful in clearing due to
an imbalance of sell orders over bids to buy the APS. As a
result, the dividend rates of the APS were reset to the maximum
applicable rate. The table above reflects such maximum dividend
rate for each series as of November 30, 2011.
30
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Notes
to Financial Statements (Unaudited) continued
The Trust distinguishes between distributions on a tax basis and
a financial reporting basis. Accounting principles generally
accepted in the United States of America require that only
distributions in excess of tax basis earnings and profits be
reported in the financial statements as a return of capital.
Permanent differences between book and tax accounting relating
to distributions are reclassified to paid-in capital. For tax
purposes, distributions from short-term capital gains are
considered to be from ordinary income.
4 Investment
Adviser Fee and Other Transactions with Affiliates
The investment adviser fee is earned by EVM as compensation for
management and investment advisory services rendered to the
Trust. The fee is computed at an annual rate of 0.75% of the
Trusts average daily gross assets and is payable monthly.
Gross assets as referred to herein represent net assets plus
obligations attributable to investment leverage. The Trust
invests its cash in Cash Reserves Fund. EVM does not currently
receive a fee for advisory services provided to Cash Reserves
Fund. For the six months ended November 30, 2011, the
Trusts investment adviser fee totaled $3,377,382. EVM also
serves as administrator of the Trust, but receives no
compensation.
In addition, EVM has contractually agreed to reimburse the Trust
for fees and other expenses at an annual rate of 0.20% of the
Trusts average daily gross assets during the first five
full years of the Trusts operations, 0.15% of the
Trusts average daily gross assets in year six, 0.10% in
year seven and 0.05% in year eight. The Trust concluded its
first seven full years of operations on June 29, 2011.
Pursuant to this agreement, EVM waived $260,101 of its
investment adviser fee for the six months ended
November 30, 2011.
Except for Trustees of the Trust who are not members of
EVMs organization, officers and Trustees receive
remuneration for their services to the Trust out of the
investment adviser fee. Trustees of the Trust who are not
affiliated with EVM may elect to defer receipt of all or a
percentage of their annual fees in accordance with the terms of
the Trustees Deferred Compensation Plan. For the six months
ended November 30, 2011, no significant amounts have been
deferred. Certain officers and Trustees of the Trust are
officers of EVM.
5 Purchases
and Sales of Investments
Purchases and sales of investments, other than short-term
obligations and including maturities, paydowns and principal
repayments on Senior Loans, aggregated $141,894,328 and
$140,901,004, respectively, for the six months ended
November 30, 2011.
6 Common
Shares of Beneficial Interest
Common shares issued pursuant to the Trusts dividend
reinvestment plan for the six months ended November 30,
2011 and the year ended May 31, 2011 were 6,135 and 75,276,
respectively.
7 Federal
Income Tax Basis of Investments
The cost and unrealized appreciation (depreciation) of
investments of the Trust at November 30, 2011, as
determined on a federal income tax basis, were as follows:
|
|
|
|
|
|
|
Aggregate cost
|
|
$
|
916,562,093
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
12,239,553
|
|
|
|
Gross unrealized depreciation
|
|
|
(32,723,286
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Net unrealized depreciation
|
|
$
|
(20,483,733
|
)
|
|
|
|
|
|
|
|
|
|
|
|
31
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Notes
to Financial Statements (Unaudited) continued
8 Restricted
Securities
At November 30, 2011, the Trust owned the following
securities (representing 0.2% of net assets applicable to common
shares) which were restricted as to public resale and not
registered under the Securities Act of 1933 (excluding
Rule 144A securities). The Trust has various registration
rights (exercisable under a variety of circumstances) with
respect to these securities. The value of these securities is
determined based on valuations provided by brokers when
available, or if not available, they are valued at fair value
using methods determined in good faith by or at the direction of
the Trustees.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date of
|
|
|
|
|
|
|
|
|
Description
|
|
Acquisition
|
|
Shares
|
|
Cost
|
|
Value
|
|
|
|
|
Common Stocks
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Panolam Industries International, Inc.
|
|
|
12/30/09
|
|
|
|
280
|
|
|
$
|
153,860
|
|
|
$
|
239,131
|
|
|
|
RathGibson Acquisition Co., LLC
|
|
|
6/14/10
|
|
|
|
22,100
|
|
|
|
117,286
|
|
|
|
682,890
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Restricted Securities
|
|
|
|
|
|
|
|
|
|
$
|
271,146
|
|
|
$
|
922,021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9 Financial
Instruments
The Trust may trade in financial instruments with off-balance
sheet risk in the normal course of its investing activities.
These financial instruments may include forward foreign currency
exchange contracts and may involve, to a varying degree,
elements of risk in excess of the amounts recognized for
financial statement purposes. The notional or contractual
amounts of these instruments represent the investment the Trust
has in particular classes of financial instruments and do not
necessarily represent the amounts potentially subject to risk.
The measurement of the risks associated with these instruments
is meaningful only when all related and offsetting transactions
are considered.
A summary of obligations under these financial instruments at
November 30, 2011 is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward Foreign Currency
Exchange Contracts
|
Sales
|
|
|
|
|
|
|
|
|
Net Unrealized
|
|
|
|
|
|
|
|
|
|
|
Appreciation
|
|
|
Settlement Date
|
|
Deliver
|
|
In Exchange For
|
|
Counterparty
|
|
(Depreciation)
|
|
|
|
|
12/30/11
|
|
British Pound Sterling
6,967,564
|
|
United States Dollar
10,850,900
|
|
Goldman Sachs, Inc.
|
|
$
|
(77,710
|
)
|
|
|
12/30/11
|
|
Euro
5,813,488
|
|
United States Dollar
7,876,463
|
|
HSBC Bank USA
|
|
|
62,694
|
|
|
|
1/31/12
|
|
Euro
6,990,058
|
|
United States Dollar
9,925,323
|
|
Deutsche Bank
|
|
|
527,366
|
|
|
|
2/29/12
|
|
British Pound Sterling
3,124,262
|
|
United States Dollar
4,852,886
|
|
JPMorgan Chase Bank
|
|
|
(44,747
|
)
|
|
|
2/29/12
|
|
Euro
8,800,970
|
|
United States Dollar
11,764,257
|
|
Citibank NA
|
|
|
(72,003
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
395,600
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases
|
|
|
|
|
|
|
|
|
Net Unrealized
|
|
|
Settlement Date
|
|
In Exchange For
|
|
Deliver
|
|
Counterparty
|
|
Depreciation
|
|
|
|
|
12/30/11
|
|
British Pound Sterling
2,929,485
|
|
United States Dollar
4,722,148
|
|
JPMorgan Chase Bank
|
|
$
|
(127,256
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At November 30, 2011, the Trust had sufficient cash
and/or
securities to cover commitments under these contracts.
32
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Notes
to Financial Statements (Unaudited) continued
The Trust is subject to foreign exchange risk in the normal
course of pursuing its investment objectives. Because the Trust
holds foreign currency denominated investments, the value of
these investments and related receivables and payables may
change due to future changes in foreign currency exchange rates.
To hedge against this risk, the Trust enters into forward
foreign currency exchange contracts. The Trust also enters into
such contracts to hedge the currency risk of investments it
anticipates purchasing.
The Trust enters into forward foreign currency exchange
contracts that may contain provisions whereby the counterparty
may terminate the contract under certain conditions, including
but not limited to a decline in the Trusts net assets
below a certain level over a certain period of time, which would
trigger a payment by the Trust for those derivatives in a
liability position. At November 30, 2011, the fair value of
derivatives with credit-related contingent features in a net
liability position was $321,716.
The non-exchange traded derivatives in which the Trust invests,
including forward foreign currency exchange contracts, are
subject to the risk that the counterparty to the contract fails
to perform its obligations under the contract. At
November 30, 2011, the maximum amount of loss the Trust
would incur due to counterparty risk was $590,060, representing
the fair value of such derivatives in an asset position, with
the highest amount from any one counterparty being $527,366. To
mitigate this risk, the Trust has entered into master netting
agreements with substantially all its derivative counterparties,
which allows it and a counterparty to aggregate amounts owed by
each of them for derivative transactions under the agreement
into a single net amount payable by either the Trust or the
counterparty. Counterparties may be required to pledge
collateral in the form of cash, U.S. Government securities or
highly-rated bonds for the benefit of the Trust if the net
amount due from the counterparty with respect to a derivative
contract exceeds a certain threshold. The amount of collateral
posted by the counterparties with respect to such contracts
would also reduce the amount of any loss incurred.
The fair value of open derivative instruments (not considered to
be hedging instruments for accounting disclosure purposes) and
whose primary underlying risk exposure is foreign exchange risk
at November 30, 2011 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value
|
Derivative
|
|
Asset
Derivatives
(1)
|
|
Liability
Derivatives
(2)
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
|
$
|
590,060
|
|
|
$
|
(321,716
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
|
Statement of Assets and Liabilities location: Receivable for
open forward foreign currency exchange contracts; Net unrealized
depreciation.
|
(2)
|
|
Statement of Assets and Liabilities location: Payable for open
forward foreign currency exchange contracts; Net unrealized
depreciation.
|
The effect of derivative instruments (not considered to be
hedging instruments for accounting disclosure purposes) on the
Statement of Operations and whose primary underlying risk
exposure is foreign exchange risk for the six months ended
November 30, 2011 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized Gain (Loss)
|
|
Change in Unrealized
|
|
|
|
|
on Derivatives Recognized
|
|
Appreciation (Depreciation) on
|
|
|
Derivative
|
|
in
Income
(1)
|
|
Derivatives Recognized in
Income
(2)
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
|
$
|
2,715,233
|
|
|
$
|
653,102
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
|
Statement of Operations location: Net realized gain
(loss) Foreign currency and forward foreign currency
exchange contract transactions.
|
(2)
|
|
Statement of Operations location: Change in unrealized
appreciation (depreciation) Foreign currency and
forward foreign currency exchange contracts.
|
The average notional amount of forward foreign currency exchange
contracts outstanding during the six months ended
November 30, 2011, which is indicative of the volume of
this derivative type, was approximately $59,064,000.
10 Credit
Agreement
The Trust has entered into a Credit Agreement (the Agreement)
with a bank to borrow up to a limit of $265 million
pursuant to a
364-day
revolving line of credit. Borrowings under the Agreement are
secured by the assets of the Trust. Interest is charged at a
rate above the London Interbank Offered Rate (LIBOR) and is
payable monthly. Under the terms of the Agreement, the Trust
pays a commitment fee of 0.15% on the borrowing limit. The Trust
is required to maintain certain net asset levels during the term
of the Agreement. At November 30, 2011, the Trust had
borrowings outstanding under the Agreement of $250,000,000 at an
interest rate of 1.20%. The carrying amount of the borrowings at
November 30, 2011 approximated its fair value. For the six
months ended November 30, 2011, the average borrowings
under the Agreement and the average annual interest rate were
$247,306,010 and 1.17%, respectively.
33
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Notes
to Financial Statements (Unaudited) continued
11 Risks
Associated with Foreign Investments
Investing in securities issued by companies whose principal
business activities are outside the United States may involve
significant risks not present in domestic investments. For
example, there is generally less publicly available information
about foreign companies, particularly those not subject to the
disclosure and reporting requirements of the U.S. securities
laws. Certain foreign issuers are generally not bound by uniform
accounting, auditing, and financial reporting requirements and
standards of practice comparable to those applicable to domestic
issuers. Investments in foreign securities also involve the risk
of possible adverse changes in investment or exchange control
regulations, expropriation or confiscatory taxation, limitation
on the removal of funds or other assets of the Trust, political
or financial instability or diplomatic and other developments
which could affect such investments. Foreign securities markets,
while growing in volume and sophistication, are generally not as
developed as those in the United States, and securities of some
foreign issuers (particularly those located in developing
countries) may be less liquid and more volatile than securities
of comparable U.S. companies. In general, there is less overall
governmental supervision and regulation of foreign securities
markets, broker/dealers and issuers than in the United States.
12 Credit
Risk
The Trust invests primarily in below investment grade
floating-rate loans and floating-rate debt obligations, which
are considered speculative because of the credit risk of their
issuers. Changes in economic conditions or other circumstances
are more likely to reduce the capacity of issuers of these
securities to make principal and interest payments. Such
companies are more likely to default on their payments of
interest and principal owed than issuers of investment grade
bonds. An economic downturn generally leads to a higher
non-payment rate, and a loan or other debt obligation may lose
significant value before a default occurs. Lower rated
investments also may be subject to greater price volatility than
higher rated investments. Moreover, the specific collateral used
to secure a loan may decline in value or become illiquid, which
would adversely affect the loans value.
13 Fair
Value Measurements
Under generally accepted accounting principles for fair value
measurements, a three-tier hierarchy to prioritize the
assumptions, referred to as inputs, is used in valuation
techniques to measure fair value. The three-tier hierarchy of
inputs is summarized in the three broad levels listed below.
|
|
|
Level 1 quoted prices in active markets for
identical investments
|
|
|
Level 2 other significant observable inputs
(including quoted prices for similar investments, interest
rates, prepayment speeds, credit risk, etc.)
|
|
|
Level 3 significant unobservable inputs
(including a funds own assumptions in determining the fair
value of investments)
|
In cases where the inputs used to measure fair value fall in
different levels of the fair value hierarchy, the level
disclosed is determined based on the lowest level input that is
significant to the fair value measurement in its entirety. The
inputs or methodology used for valuing securities are not
necessarily an indication of the risk associated with investing
in those securities.
At November 30, 2011, the hierarchy of inputs used in
valuing the Trusts investments and open derivative
instruments, which are carried at value, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset Description
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
|
|
Senior Floating-Rate Interests (Less Unfunded Loan Commitments)
|
|
$
|
|
|
|
$
|
811,164,687
|
|
|
$
|
1,523,183
|
|
|
$
|
812,687,870
|
|
|
|
Corporate Bonds & Notes
|
|
|
|
|
|
|
45,859,169
|
|
|
|
136,761
|
|
|
|
45,995,930
|
|
|
|
Asset-Backed Securities
|
|
|
|
|
|
|
3,799,354
|
|
|
|
|
|
|
|
3,799,354
|
|
|
|
Common Stocks
|
|
|
212,146
|
|
|
|
5,523,831
|
|
|
|
5,633,522
|
|
|
|
11,369,499
|
|
|
|
Warrants
|
|
|
|
|
|
|
22,817
|
|
|
|
0
|
|
|
|
22,817
|
|
|
|
Short-Term Investments
|
|
|
|
|
|
|
22,202,890
|
|
|
|
|
|
|
|
22,202,890
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments
|
|
$
|
212,146
|
|
|
$
|
888,572,748
|
|
|
$
|
7,293,466
|
|
|
$
|
896,078,360
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
|
$
|
|
|
|
$
|
590,060
|
|
|
$
|
|
|
|
$
|
590,060
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
212,146
|
|
|
$
|
889,162,808
|
|
|
$
|
7,293,466
|
|
|
$
|
896,668,420
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liability Description
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
|
$
|
|
|
|
$
|
(321,716
|
)
|
|
$
|
|
|
|
$
|
(321,716
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
|
|
|
$
|
(321,716
|
)
|
|
$
|
|
|
|
$
|
(321,716
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
Notes
to Financial Statements (Unaudited) continued
The following is a reconciliation of Level 3 assets for
which significant unobservable inputs were used to determine
fair value:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments
|
|
Investments
|
|
|
|
|
|
|
|
|
in Senior
|
|
in Corporate
|
|
Investments in
|
|
|
|
|
|
|
Floating-Rate
|
|
Bonds &
|
|
Common Stocks
|
|
|
|
|
|
|
Interests
|
|
Notes
|
|
and Warrants
|
|
Total
|
|
|
|
|
Balance as of May 31, 2011
|
|
$
|
1,630,220
|
|
|
$
|
164,959
|
|
|
$
|
8,431,442
|
|
|
$
|
10,226,621
|
|
|
|
Realized gains (losses)
|
|
|
(810,910
|
)
|
|
|
78,413
|
|
|
|
(43,337
|
)
|
|
|
(775,834
|
)
|
|
|
Change in net unrealized appreciation (depreciation)*
|
|
|
768,341
|
|
|
|
73,607
|
|
|
|
(21,225
|
)
|
|
|
820,723
|
|
|
|
Cost of
purchases
(1)
|
|
|
12,801
|
|
|
|
4,037
|
|
|
|
|
|
|
|
16,838
|
|
|
|
Proceeds from
sales
(1)
|
|
|
(257,438
|
)
|
|
|
(187,457
|
)
|
|
|
(649
|
)
|
|
|
(445,544
|
)
|
|
|
Accrued discount (premium)
|
|
|
9,666
|
|
|
|
3,152
|
|
|
|
|
|
|
|
12,818
|
|
|
|
Transfers to Level 3**
|
|
|
170,503
|
|
|
|
50
|
|
|
|
|
|
|
|
170,553
|
|
|
|
Transfers from Level 3**
|
|
|
|
|
|
|
|
|
|
|
(2,732,709
|
)
|
|
|
(2,732,709
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of November 30, 2011
|
|
$
|
1,523,183
|
|
|
$
|
136,761
|
|
|
$
|
5,633,522
|
|
|
$
|
7,293,466
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in net unrealized appreciation (depreciation) on
investments still held as of November 30, 2011*
|
|
$
|
(33,254
|
)
|
|
$
|
(13,971
|
)
|
|
$
|
(65,211
|
)
|
|
$
|
(112,436
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
|
Amount is included in the related amount on investments in the
Statement of Operations.
|
**
|
|
Transfers are reflected at the value of the securities at the
beginning of the period. Transfers from Level 2 to
Level 3 were due to a reduction in the availability of
significant observable inputs in determining the fair value of
these investments. Transfers from Level 3 to Level 2
were due to increased market trading activity resulting in the
availability of significant observable inputs in determining the
fair value of these investments.
|
(1)
|
|
Cost of purchases may include securities received in corporate
actions; proceeds from sales may include securities delivered in
corporate actions.
|
At November 30, 2011, the value of investments transferred
between Level 1 and Level 2, if any, during the six
months then ended was not significant.
35
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
|
|
|
Officers of Eaton Vance
Floating-Rate Income Trust
|
|
|
Scott H. Page
President
Payson F. Swaffield
Vice President
Barbara E. Campbell
Treasurer
|
|
Maureen A. Gemma
Vice President, Secretary and Chief Legal Officer
Paul M. ONeil
Chief Compliance Officer
|
|
|
|
Trustees of Eaton Vance
Floating-Rate Income Trust
|
|
|
Ralph F. Verni
Chairman
Scott E. Eston
Benjamin C. Esty
Thomas E. Faust Jr.*
Allen R. Freedman
|
|
William H. Park
Ronald A. Pearlman
Helen Frame Peters
Lynn A. Stout
Harriett Tee Taggart
|
Number of
Employees
The Trust is organized as a Massachusetts business trust and is
registered under the Investment Company Act of 1940, as amended,
as a closed-end management investment company and has no
employees.
Number of
Shareholders
As of November 30, 2011, Trust records indicate that there
are 51 registered shareholders and approximately 20,862
shareholders owning the Trust shares in street name, such as
through brokers, banks, and financial intermediaries.
If you are a street name shareholder and wish to receive Trust
reports directly, which contain important information about the
Trust, please write or call:
Eaton Vance Distributors, Inc.
Two International Place
Boston, MA 02110
1-800-262-1122
New York Stock
Exchange symbol
The New York Stock Exchange symbol is EFT.
36
Eaton Vance
Floating-Rate
Income Trust
November 30, 2011
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:
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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.
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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 customers account, Eaton
Vance may share information with unaffiliated third parties that
perform various required services such as transfer agents,
custodians and broker/dealers.
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Policies and procedures (including physical, electronic and
procedural safeguards) are in place that are designed to protect
the confidentiality of such information.
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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.
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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, Eaton
Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance
Managements Real Estate Investment Group and Boston
Management and Research. 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 customers account
(i.e., fund shares) is held in the name of a third-party
financial advisor/broker-dealer, it is likely that only such
advisors privacy policies apply to the customer. This
notice supersedes all previously issued privacy disclosures. For
more information about Eaton Vances Privacy Policy, please
call
1-800-262-1122.
Delivery of Shareholder
Documents.
The Securities and Exchange
Commission (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 advisor, may household the mailing of
your documents indefinitely unless you instruct Eaton Vance, or
your financial advisor, 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 advisor. 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 advisor.
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 SECs website at
www.sec.gov.
Form N-Q
may also be reviewed and copied at the SECs 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
and by accessing the SECs website at www.sec.gov.
Additional Notice to
Shareholders.
A Fund may redeem or purchase its
outstanding auction preferred shares (APS) in order to maintain
compliance with regulatory requirements, borrowing or rating
agency requirements or for other purposes as it deems
appropriate or necessary. A Fund also may purchase shares of its
common stock in the open market when they trade at a discount to
net asset value or at other times if the Fund determines such
purchases are advisable. There can be no assurance that a Fund
will take such action or that such purchases would reduce the
discount.
Closed-End
Fund Information.
The Eaton Vance
closed-end funds make certain quarterly fund performance data
and information about portfolio characteristics (such as top
holdings and asset allocation) available on the Eaton Vance
website after the end of each calendar quarter-end. Certain
month end fund performance data for the funds, including total
returns, are posted to the website shortly after the end of each
calendar month. Portfolio holdings for the most recent calendar
quarter-end are also posted to the website approximately
30 days following the end of the quarter. This information
is available at www.eatonvance.com on the fund information pages
under Individual Investors Closed-End
Funds.
37
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Investment
Adviser and Administrator
Eaton
Vance Management
Two International Place
Boston, MA 02110
Custodian
State
Street Bank and Trust Company
200 Clarendon Street
Boston, MA 02116
Transfer
Agent
American
Stock Transfer & Trust Company
59 Maiden Lane
Plaza Level
New York, NY 10038
Fund
Offices
Two
International Place
Boston, MA 02110
Item 2. Code of Ethics
The registrant has adopted a code of ethics applicable to its Principal Executive Officer,
Principal Financial Officer and Principal Accounting Officer. The registrant undertakes to provide
a copy of such code of ethics to any person upon request, without charge, by calling
1-800-262-1122.
Item 3. Audit Committee Financial Expert
The registrants Board has designated William H. Park, an independent trustee, as its audit
committee financial expert. Mr. Park is a certified public accountant who is a consultant and
private investor. Previously, he served as the Chief Financial Officer of Aveon Group, L.P. (an
investment management firm), as the Vice Chairman of Commercial Industrial Finance Corp. (specialty
finance company), as President and Chief Executive Officer of Prizm Capital Management, LLC
(investment management firm), as Executive Vice President and Chief Financial Officer of United
Asset Management Corporation (an institutional investment management firm) and as a Senior Manager at Price
Waterhouse (now PricewaterhouseCoopers) (an independent registered public accounting firm).
Item 4. Principal Accountant Fees and Services
Not required in this filing.
Item 5. Audit Committee of Listed Registrants
Not required in this filing.
Item 6. Schedule of Investments
Please see schedule of investments contained in the Report to Stockholders included under Item 1 of
this Form N-CSR.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment
Companies
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated
Purchasers
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders
No Material Changes.
Item 11. Controls and Procedures
(a) It is the conclusion of the registrants principal executive officer and principal
financial officer that the effectiveness of the registrants current disclosure controls and
procedures (such disclosure controls and procedures having been evaluated within 90 days of the
date of this filing) provide reasonable assurance that the information required to be disclosed by
the registrant has been recorded, processed, summarized and reported within the time period
specified in the Commissions rules and forms and that the information required to be disclosed by
the registrant has been accumulated and communicated to the registrants principal executive
officer and principal financial officer in order to allow timely decisions regarding required
disclosure.
(b) There have been no changes in the registrants internal controls over financial reporting
during the second fiscal quarter of the period covered by this report that has materially affected,
or is reasonably likely to materially affect, the registrants internal control over financial
reporting.
Item 12. Exhibits
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(a)(1)
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Registrants Code of Ethics Not applicable (please see Item 2).
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(a)(2)(i)
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Treasurers Section 302 certification.
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(a)(2)(ii)
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Presidents Section 302 certification.
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(b)
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Combined Section 906 certification.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company
Act of 1940, the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Eaton Vance Floating-Rate Income Trust
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By:
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/s/ Scott H. Page
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Scott H. Page
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President
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Date:
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January 11, 2012
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Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act
of 1940, this report has been signed below by the following persons on behalf of the registrant and
in the capacities and on the dates indicated.
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By:
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/s/ Barbara E. Campbell
Barbara E. Campbell
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Treasurer
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Date:
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January 11, 2012
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By:
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/s/ Scott H. Page
Scott H. Page
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President
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Date:
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January 11, 2012
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