Eaton Vance Senior Floating Rate Trust

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form N-CSR

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number: 811-21411

 

 

Eaton Vance Senior Floating-Rate Trust

(Exact Name of Registrant as Specified in Charter)

 

 

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

 

 

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

 

 

(617) 482-8260

(Registrant’s Telephone Number)

October 31

Date of Fiscal Year End

October 31, 2016

Date of Reporting Period

 

 

 


Item 1. Reports to Stockholders


LOGO

 

 

Eaton Vance

Senior Floating-Rate Trust (EFR)

Annual Report

October 31, 2016

 

 

 

 

LOGO


 

 

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

Fund shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Shares are subject to investment risks, including possible loss of principal invested.


Annual Report October 31, 2016

Eaton Vance

Senior Floating-Rate Trust

Table of Contents

 

Management’s Discussion of Fund Performance

     2   

Performance

     3   

Fund Profile

     4   

Endnotes and Additional Disclosures

     5   

Financial Statements

     6   

Report of Independent Registered Public Accounting Firm

     42   

Federal Tax Information

     43   

Annual Meeting of Shareholders

     44   

Dividend Reinvestment Plan

     45   

Management and Organization

     47   

Important Notices

     50   


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Management’s Discussion of Fund Performance1

 

 

Economic and Market Conditions

The U.S. floating-rate loan market delivered solid performance for the 12-month period ended October 31, 2016, with the S&P/LSTA Leveraged Loan Index,2 a broad barometer of the loan market, returning 6.53% during the period. Positive returns for the asset class were driven by income and by price appreciation in the latter part of the period.

The first four months of the period, however, were difficult for the loan market. Volatility and price declines, which had started the previous spring, continued through February of 2016. The downturn was in part driven by technical factors, as loan supply exceeded demand. Loan mutual funds experienced net outflows as investors appeared to display a decreased appetite for risk.

Tumbling oil and gas prices also weighed on the loan market, even though energy loans represent a small portion of the S&P/LSTA Leveraged Loan Index. Significant redemptions from high yield bond funds, which have tended to own floating-rate loans as well, put further pressure on loan prices.

But in late February and early March of 2016, the loan market began a rally that would continue through the end of the period. Several factors drove the turnaround. Stabilizing commodity prices ended the rout in the energy sector. After months of falling prices, loan valuations appeared to become more attractive to investors. Increasing anticipation of a potential rate hike by the Federal Reserve Board (the Fed) made loans an appealing asset class. Technical factors contributed as well, with growing demand surpassing supply and inflows into high yield funds adding to loan demand. In late March of 2016, mutual fund flows turned positive for the first time in the period. Loan prices in the S&P/LSTA Leveraged Loan Index appreciated during every month from March 2016 through the end of the period, except for a modest downturn in June that appeared to be driven by “Brexit” fears.

With the U.S. economy continuing its low-growth recovery during the period, stable corporate fundamentals kept the default rate fairly benign. The loan default rate, a measure of corporate health and credit risk in the overall market, was 1.95%, well below the market’s long-term average of 3.10%, according to Standard & Poor’s Leveraged Commentary & Data.

Fund Performance

For the fiscal year ended October 31, 2016, Eaton Vance Senior Floating-Rate Trust (the Fund) had a total return of 11.31% at net asset value (NAV). By comparison, the Fund’s benchmark, the S&P/LSTA Leveraged Loan Index (the Index), returned 6.53% for the period. The Index is unmanaged and returns do not reflect the effect of any applicable sales charges, commissions, expenses or leverage.

For the 12-month period, BB-rated8 loans in the Index returned 5.16%, B-rated loans in the Index returned 6.77%, CCC-rated loans in the Index returned 14.48% and D-rated (defaulted) loans in the Index returned 11.04%. An underweight to higher-credit risk CCC- and D-rated loans detracted from Fund performance versus the benchmark during the period. At the same time, the Fund’s overweight to higher-quality loans in the B-rated range contributed to Fund performance versus the Index.

The Fund’s exposure to high-yield bonds, which outperformed the loan market during the period, also helped relative results versus the Index, which does not include high-yield bonds.

In addition, the Fund’s employment of investment leverage6 contributed to relative Fund performance versus the Index, which does not employ leverage. During the 12-month period, leverage amplified both the positive coupon yield and price appreciation in the loan market.

A tailwind related to issuer size contributed to Fund performance versus the Index as well. Positioning in larger loans was a relative contributor to Fund performance versus the Index.

On a sector-level basis, the Fund’s overweights to the oil and gas and the nonferrous metals/minerals sectors, two areas that outperformed the Index as commodity prices recovered during the period, contributed to relative results versus the Index. The Fund’s underweight to utilities also contributed to relative performance versus the Index. In contrast, the Fund’s underweight to lodging and casinos, a sector that outperformed the Index during the period, detracted from performance versus the Index. The Fund’s overweight to food products, a relatively defensive sector that underperformed the Index, detracted from performance relative to the Index as well.

 

 

See Endnotes and Additional Disclosures in this report.

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

 

  2  


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Performance2,3

 

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

 

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

Fund at NAV

     11/28/2003         11.31      6.96      5.36

Fund at Market Price

             17.27         6.44         5.10   

S&P/LSTA Leveraged Loan Index

             6.53      4.82      4.62
           
% Premium/Discount to NAV4                                
              –4.78
           
Distributions5                                

Total Distributions per share for the period

            $ 0.941   

Distribution Rate at NAV

              6.38

Distribution Rate at Market Price

              6.70
           
% Total Leverage6                                

Auction Preferred Shares (APS)

              11.40

Borrowings

              23.53   

 

See Endnotes and Additional Disclosures in this report.

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

 

  3  


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Fund Profile

 

 

Top 10 Issuers (% of total investments)7

 

 

Reynolds Group Holdings, Inc.

    1.2

Asurion, LLC

    1.1   

Valeant Pharmaceuticals International, Inc.

    1.1   

TransDigm, Inc.

    1.0   

Calpine Corporation

    0.9   

Intelsat Jackson Holdings S.A.

    0.9   

Community Health Systems, Inc.

    0.9   

EIG Investors Corp.

    0.8   

Avago Technologies Cayman, Ltd.

    0.8   

Jaguar Holding Company II

    0.8   

Total

    9.5

Credit Quality (% of bonds, loans and asset-backed securities)8

 

 

LOGO

Top 10 Sectors (% of total investments)7

 

 

Health Care

    9.1

Electronics/Electrical

    8.7   

Business Equipment and Services

    7.4   

Chemicals and Plastics

    5.4   

Retailers (Except Food and Drug)

    4.5   

Industrial Equipment

    4.0   

Lodging and Casinos

    4.0   

Drugs

    3.8   

Leisure Goods/Activities/Movies

    3.8   

Oil and Gas

    3.1   

Total

    53.8
 

 

See Endnotes and Additional Disclosures in this report.

 

  4  


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Endnotes and Additional Disclosures

 

 

1 

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

 

2 

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

 

3 

Performance results reflect the effects of leverage. The Fund’s performance for certain periods reflects the effects of expense reductions. Absent these reductions, performance would have been lower. Performance since inception for an index, if presented, is the performance since the Fund’s or oldest share class’ inception, as applicable. Included in the average annual total return at NAV is the impact of the tender and repurchase of a portion of the Fund’s APS at 95% of the Fund’s APS per share liquidation preference. Had this transaction not occurred, the total return at NAV would be lower for the Fund.

 

4 

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

5 

The Distribution Rate is based on the Fund’s last regular distribution per share in the period (annualized) divided by the Fund’s NAV or market price at the end of the period. The Fund’s distributions may be comprised of amounts characterized for federal income tax purposes as qualified and non-qualified ordinary dividends, capital gains and nondividend distributions, also known as return of capital. For additional information about nondividend distributions, please refer to Eaton Vance Closed-End Fund Distribution Notices (19a) posted on our website, eatonvance.com. The Fund will determine the federal income tax character of distributions paid to a shareholder after the end of the calendar year. This is reported on the IRS form 1099-DIV and provided to the shareholder shortly after each year-end. For information about the tax character of distributions made in prior calendar years, please refer to Performance-Tax Character of Distributions on the Fund’s webpage available at eatonvance.com. The Fund’s distributions are determined by the investment adviser based on its current assessment of the Fund’s long-term return potential. Fund distributions may be affected by numerous factors including changes in Fund performance, the cost of financing for leverage, portfolio holdings, realized and projected returns, and other factors. As portfolio and market conditions change, the rate of distributions paid by the Fund could change.

 

6 

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

 

7 

Excludes cash and cash equivalents.

 

8 

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

 

   Fund profile subject to change due to active management.
 

 

  5  


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Portfolio of Investments

 

 

Senior Floating-Rate Loans — 136.1%(1)   
     
Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Aerospace and Defense — 2.4%

  

BE Aerospace, Inc.

  

Term Loan, 3.82%, Maturing December 16, 2021

      962      $ 973,056   

IAP Worldwide Services, Inc.

  

Revolving Loan, 1.53%, Maturing July 18, 2018(2)

      311        297,693   

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

      421        336,768   

Silver II US Holdings, LLC

  

Term Loan, 4.00%, Maturing December 13, 2019

      1,967        1,818,690   

TransDigm, Inc.

  

Term Loan, 3.82%, Maturing February 28, 2020

      2,610        2,612,088   

Term Loan, 3.83%, Maturing June 4, 2021

      1,784        1,782,266   

Term Loan, 3.75%, Maturing June 9, 2023

      4,333        4,324,015   

Wesco Aircraft Hardware Corp.

  

Term Loan, 3.29%, Maturing September 23, 2021

      975        973,781   
                         
      $ 13,118,357   
                         

Air Transport — 0.4%

  

Virgin America, Inc.

  

Term Loan, 5.36%, Maturing April 4, 2019

      2,350      $ 2,385,250   
                         
      $ 2,385,250   
                         

Automotive — 3.0%

  

Allison Transmission, Inc.

  

Term Loan, 3.25%, Maturing September 23, 2022

      1      $ 1,460   

CS Intermediate Holdco 2, LLC

  

Term Loan, 4.00%, Maturing April 4, 2021

      1,132        1,136,754   

Term Loan, Maturing
October 26, 2023(4)

      75        75,375   

Dayco Products, LLC

  

Term Loan, 5.25%, Maturing December 12, 2019

      975        977,438   

FCA US, LLC

  

Term Loan, 3.50%, Maturing May 24, 2017

      1,668        1,671,419   

Term Loan, 3.25%, Maturing December 31, 2018

      1,209        1,211,004   

Federal-Mogul Holdings Corporation

  

Term Loan, 4.75%, Maturing April 15, 2021

      3,837        3,723,505   

Horizon Global Corporation

  

Term Loan, 7.00%, Maturing June 30, 2021

      795        798,295   

MPG Holdco I, Inc.

  

Term Loan, 3.75%, Maturing October 20, 2021

      2,085        2,096,423   

TI Group Automotive Systems, LLC

  

Term Loan, 4.50%, Maturing June 30, 2022

    EUR        792        877,659   

Term Loan, 4.50%, Maturing June 30, 2022

      1,188        1,191,950   
Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Automotive (continued)

  

Tower Automotive Holdings USA, LLC

  

Term Loan, 4.00%, Maturing April 23, 2020

      1,348      $ 1,348,486   

Tweddle Group, Inc.

  

Term Loan, Maturing October 13, 2023(4)

      800        788,000   

Visteon Corporation

  

Term Loan, 3.55%, Maturing April 9, 2021

      627        629,565   
                         
      $ 16,527,333   
                         

Beverage and Tobacco — 0.3%

  

Flavors Holdings, Inc.

  

Term Loan, 6.75%, Maturing April 3, 2020

      1,182      $ 1,004,308   

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

      1,000        805,000   
                         
      $ 1,809,308   
                         

Brokerage / Securities Dealers / Investment Houses — 0.8%

  

Aretec Group, Inc.

  

Term Loan, 8.00%, Maturing May 25, 2023

      1,017      $ 1,019,778   

Term Loan - Second Lien, 6.50%, (2.00% Cash, 4.50% PIK), Maturing May 23, 2021

      2,897        2,346,433   

Astro AB Borrower, Inc.

  

Term Loan - Second Lien, 9.75%, Maturing March 3, 2023

      275        269,500   

Salient Partners L.P.

  

Term Loan, 9.50%, Maturing May 19, 2021

      765        732,807   
                         
      $ 4,368,518   
                         

Building and Development — 3.0%

  

American Bath Group, LLC

  

Term Loan, 6.75%, Maturing September 30, 2023

      800      $ 802,000   

American Builders & Contractors Supply Co.

  

Term Loan, Maturing October 31, 2023(4)

      2,675        2,690,047   

Auction.com, LLC

  

Term Loan, 6.00%, Maturing May 12, 2019

      1,010        1,015,935   

CPG International, Inc.

  

Term Loan, 4.75%, Maturing September 30, 2020

      1,899        1,910,694   

DTZ U.S. Borrower, LLC

  

Term Loan, 4.25%, Maturing November 4, 2021

      3,562        3,562,462   

Headwaters, Incorporated

  

Term Loan, 4.00%, Maturing
March 24, 2022

      397        399,290   

Henry Company, LLC

  

Term Loan, 5.50%, Maturing
October 5, 2023

      300        302,250   

Quikrete Holdings, Inc.

  

Term Loan, 4.00%, Maturing September 28, 2020

      1,047        1,052,039   
 

 

  6   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Building and Development (continued)

  

RE/MAX International, Inc.

  

Term Loan, 4.00%, Maturing July 31, 2020

      1,393      $ 1,393,770   

Realogy Corporation

  

Term Loan, 3.75%, Maturing July 20, 2022

      571        576,187   

Summit Materials Companies I, LLC

  

Term Loan, 4.00%, Maturing July 17, 2022

      617        622,298   

WireCo WorldGroup, Inc.

  

Term Loan, 6.50%, Maturing July 13, 2023

      575        577,875   

Term Loan - Second Lien, 10.00%, Maturing July 20, 2024

      1,350        1,356,750   
                         
      $ 16,261,597   
                         

Business Equipment and Services — 11.5%

  

Acosta Holdco, Inc.

  

Term Loan, 4.25%, Maturing September 26, 2021

      2,985      $ 2,877,813   

AlixPartners, LLP

  

Term Loan, 4.00%, Maturing July 28, 2022

      2,039        2,047,259   

Altisource Solutions S.a.r.l.

  

Term Loan, 4.50%, Maturing December 9, 2020

      1,670        1,620,148   

Brickman Group Ltd., LLC

  

Term Loan, 4.00%, Maturing December 18, 2020

      802        802,215   

Camelot UK Holdco Limited

  

Term Loan, 4.75%, Maturing
October 3, 2023

      1,150        1,153,054   

CCC Information Services, Inc.

  

Term Loan, 4.00%, Maturing December 20, 2019

      409        409,615   

Ceridian, LLC

  

Term Loan, 4.50%, Maturing September 15, 2020

      602        591,610   

Corporate Capital Trust, Inc.

  

Term Loan, 4.13%, Maturing May 20, 2019

      926        929,723   

CPM Holdings, Inc.

  

Term Loan, 6.00%, Maturing April 11, 2022

      272        273,260   

Crossmark Holdings, Inc.

  

Term Loan, 4.50%, Maturing December 20, 2019

      1,147        820,094   

Education Management, LLC

  

Term Loan, 5.50%, Maturing July 2, 2020

      266        73,116   

Term Loan, 8.50%, (2.00% Cash, 6.50% PIK), Maturing July 2, 2020

      497        27,337   

EIG Investors Corp.

  

Term Loan, 6.48%, Maturing November 9, 2019

      4,495        4,389,438   

Term Loan, 6.00%, Maturing February 9, 2023

      2,985        2,804,826   

Emdeon Business Services, LLC

  

Term Loan, 3.75%, Maturing November 2, 2018

      1,390        1,394,342   

Extreme Reach, Inc.

  

Term Loan, 7.25%, Maturing February 7, 2020

      2,403        2,412,582   
Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Business Equipment and Services (continued)

  

Garda World Security Corporation

  

Term Loan, 4.75%, Maturing November 6, 2020

    CAD        2,766      $ 1,979,353   

Global Payments, Inc.

  

Term Loan, 3.03%, Maturing April 22, 2023

      350        352,207   

IG Investment Holdings, LLC

  

Term Loan, 6.00%, Maturing October 29, 2021

      2,218        2,238,361   

Information Resources, Inc.

  

Term Loan, 4.75%, Maturing September 30, 2020

      3,142        3,151,309   

ION Trading Finance Limited

  

Term Loan, 4.25%, Maturing August 11, 2023

    EUR        1,025        1,138,274   

Term Loan, 4.25%, Maturing August 11, 2023

      2,471        2,476,845   

J.D. Power and Associates

  

Term Loan, 5.25%, Maturing September 7, 2023

      2,000        2,022,500   

KAR Auction Services, Inc.

  

Term Loan, 4.06%, Maturing March 11, 2021

      2,647        2,666,531   

Kronos Incorporated

  

Term Loan, 4.50%, Maturing October 30, 2019

      2,325        2,331,176   

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

      1,073        1,096,136   

Term Loan, Maturing October 4, 2023(4)

      5,850        5,882,450   

MCS AMS Sub-Holdings, LLC

  

Term Loan, 7.50%, Maturing October 15, 2019

      853        789,285   

Monitronics International, Inc.

  

Term Loan, 6.00%, Maturing September 30, 2022

      2,193        2,182,168   

PGX Holdings, Inc.

  

Term Loan, 5.75%, Maturing September 29, 2020

      1,290        1,293,894   

Prime Security Services Borrower, LLC

  

Term Loan, 4.75%, Maturing May 2, 2022

      2,120        2,137,175   

ServiceMaster Company

  

Term Loan, 4.25%, Maturing
July 1, 2021

      3,364        3,379,464   

Spin Holdco, Inc.

  

Term Loan, 4.25%, Maturing November 14, 2019

      3,227        3,213,455   

TNS, Inc.

  

Term Loan, 5.00%, Maturing February 14, 2020

      556        560,425   

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

  

Term Loan, 5.00%, Maturing September 2, 2021

      1,154        1,161,501   

WASH Multifamily Laundry Systems, LLC

  

Term Loan, 4.25%, Maturing May 14, 2022

      252        252,099   
                         
      $ 62,931,040   
                         

Cable and Satellite Television — 3.8%

  

Altice US Finance I Corporation

  

Term Loan, Maturing January 15, 2025(4)

      1,175      $ 1,180,875   

Block Communications, Inc.

  

Term Loan, 4.09%, Maturing November 7, 2021

      221        222,020   
 

 

  7   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Cable and Satellite Television (continued)

  

Charter Communications Operating, LLC

  

Term Loan, 3.50%, Maturing January 24, 2023

      2,065      $ 2,079,536   

CSC Holdings, LLC

  

Term Loan, 3.88%, Maturing October 11, 2024

      3,566        3,582,877   

MCC Iowa, LLC

  

Term Loan, 3.75%, Maturing June 30, 2021

      855        860,259   

Numericable Group SA

  

Term Loan, 4.56%, Maturing
July 31, 2022

      371        371,714   

Term Loan, 4.00%, Maturing
July 31, 2023

    EUR        693        770,032   

Numericable U.S., LLC

  

Term Loan, 5.14%, Maturing January 15, 2024

      821        827,031   

Telenet International Finance S.a.r.l.

  

Term Loan, 4.36%, Maturing June 30, 2024

      825        828,094   

UPC Financing Partnership

  

Term Loan, 4.08%, Maturing August 31, 2024

      3,275        3,295,878   

Virgin Media Investment Holdings Limited

  

Term Loan, 3.50%, Maturing June 30, 2023

      2,629        2,642,293   

Term Loan, 4.25%, Maturing June 30, 2023

    GBP        1,475        1,814,168   

Ziggo Secured Finance BV

  

Term Loan, 3.75%, Maturing August 31, 2024

    EUR        2,050        2,267,111   
                         
      $ 20,741,888   
                         

Chemicals and Plastics — 7.6%

  

Aruba Investments, Inc.

  

Term Loan, 4.50%, Maturing February 2, 2022

      998      $ 999,171   

Axalta Coating Systems US Holdings, Inc.

  

Term Loan, 3.75%, Maturing February 1, 2020

      3,087        3,113,764   

Chemours Company (The)

  

Term Loan, 3.75%, Maturing May 12, 2022

      479        474,245   

Emerald Performance Materials, LLC

  

Term Loan, 4.50%, Maturing August 1, 2021

      505        509,162   

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

      550        548,625   

Flint Group GmbH

  

Term Loan, 4.50%, Maturing September 7, 2021

      146        145,609   

Flint Group US, LLC

  

Term Loan, 4.50%, Maturing September 7, 2021

      883        881,186   

GCP Applied Technologies, Inc.

  

Term Loan, 4.09%, Maturing February 3, 2022

      547        552,722   

Gemini HDPE, LLC

  

Term Loan, 4.75%, Maturing August 7, 2021

      2,200        2,218,034   

Huntsman International, LLC

  

Term Loan, 3.75%, Maturing October 1, 2021

      980        986,316   

Term Loan, 4.25%, Maturing April 1, 2023

      522        528,572   
Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Chemicals and Plastics (continued)

  

Ineos Finance PLC

  

Term Loan, 4.25%, Maturing March 31, 2022

    EUR        419      $ 466,405   

Ineos Group Holdings S.A.

  

Term Loan, 4.00%, Maturing December 15, 2020

    EUR        980        1,089,008   

Ineos US Finance, LLC

  

Term Loan, 3.75%, Maturing May 4, 2018

      4,092        4,103,857   

Term Loan, 4.25%, Maturing March 31, 2022

      689        693,661   

Kraton Polymers, LLC

  

Term Loan, 6.00%, Maturing January 6, 2022

      2,550        2,571,782   

Kronos Worldwide, Inc.

  

Term Loan, 4.00%, Maturing February 18, 2020

      293        288,844   

MacDermid, Inc.

  

Term Loan, 5.50%, Maturing June 7, 2020

      1,941        1,959,980   

Term Loan, 5.00%, Maturing June 7, 2023

      3,402        3,434,947   

Minerals Technologies, Inc.

  

Term Loan, 3.75%, Maturing May 9, 2021

      1,074        1,084,422   

Orion Engineered Carbons GmbH

  

Term Loan, 3.75%, Maturing
July 25, 2021

    EUR        846        943,852   

Term Loan, 3.84%, Maturing
July 25, 2021

      1,180        1,187,404   

OXEA Finance, LLC

  

Term Loan, 4.25%, Maturing January 15, 2020

      679        650,142   

PolyOne Corporation

  

Term Loan, 3.50%, Maturing November 11, 2022

      496        499,872   

PQ Corporation

  

Term Loan, 5.75%, Maturing November 4, 2022

      2,195        2,209,436   

Solenis International L.P.

  

Term Loan, 4.25%, Maturing
July 31, 2021

      294        293,673   

Term Loan, 4.50%, Maturing
July 31, 2021

    EUR        956        1,062,449   

Sonneborn Refined Products B.V.

  

Term Loan, 4.75%, Maturing December 10, 2020

      66        66,318   

Sonneborn, LLC

  

Term Loan, 4.75%, Maturing December 10, 2020

      374        375,800   

Trinseo Materials Operating S.C.A.

  

Term Loan, 4.25%, Maturing November 5, 2021

      321        322,877   

Tronox Pigments (Netherlands) B.V.

  

Term Loan, 4.50%, Maturing March 19, 2020

      2,922        2,908,329   

Univar, Inc.

  

Term Loan, 4.25%, Maturing
July 1, 2022

      3,218        3,224,202   

Zep, Inc.

  

Term Loan, 5.50%, Maturing June 27, 2022

      1,333        1,338,124   
                         
      $ 41,732,790   
                         

Clothing / Textiles — 0.3%

  

Ascena Retail Group, Inc.

  

Term Loan, 5.25%, Maturing August 21, 2022

      1,994      $ 1,948,715   
                         
      $ 1,948,715   
                         
 

 

  8   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Conglomerates — 0.7%

  

Bestway UK Holdco Limited

  

Term Loan, 4.77%, Maturing October 6, 2021

    GBP        1,103      $ 1,354,599   

RGIS Services, LLC

  

Term Loan, 5.50%, Maturing October 18, 2017

      2,757        2,584,417   
                         
      $ 3,939,016   
                         

Containers and Glass Products — 3.1%

  

Berry Plastics Holding Corporation

  

Term Loan, 3.50%, Maturing February 8, 2020

      2,099      $ 2,105,216   

Term Loan, 3.50%, Maturing January 6, 2021

      612        613,112   

Term Loan, 3.75%, Maturing October 1, 2022

      964        968,377   

Hilex Poly Co., LLC

  

Term Loan, 6.00%, Maturing December 5, 2021

      1,474        1,489,040   

Horizon Holdings III SAS

  

Term Loan, 4.50%, Maturing August 1, 2022

    EUR        1,650        1,833,049   

Libbey Glass, Inc.

  

Term Loan, 3.75%, Maturing April 9, 2021

      377        378,228   

Pelican Products, Inc.

  

Term Loan, 5.25%, Maturing April 10, 2020

      360        357,280   

Reynolds Group Holdings, Inc.

  

Term Loan, 4.25%, Maturing February 5, 2023

      5,360        5,378,623   

SIG Combibloc Purchase Co. S.a.r.l.

  

Term Loan, 3.75%, Maturing March 13, 2022

    EUR        1,970        2,185,141   

SIG Combibloc US Acquisition, Inc.

  

Term Loan, 4.00%, Maturing March 13, 2022

      1,207        1,209,924   

TricorBraun, Inc.

  

Term Loan, 4.00%, Maturing May 3, 2018

      571        571,565   
                         
      $ 17,089,555   
                         

Cosmetics / Toiletries — 0.8%

  

Coty, Inc.

  

Term Loan, 3.03%, Maturing October 27, 2022

      871      $ 872,257   

Galleria Co.

  

Term Loan, 3.75%, Maturing January 26, 2023

      1,725        1,737,917   

KIK Custom Products, Inc.

  

Term Loan, 6.00%, Maturing August 26, 2022

      1,559        1,559,250   

Revlon Consumer Products Corporation

  

Term Loan, 4.25%, Maturing September 7, 2023

      375        376,348   
                         
      $ 4,545,772   
                         

Drugs — 5.8%

  

Albany Molecular Research, Inc.

  

Term Loan, 5.75%, Maturing
July 16, 2021

      1,391      $ 1,398,193   
Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Drugs (continued)

  

Alkermes, Inc.

  

Term Loan, 3.59%, Maturing September 25, 2021

      361      $ 361,805   

AMAG Pharmaceuticals, Inc.

  

Term Loan, 4.75%, Maturing August 13, 2021

      1,021        1,023,803   

Amneal Pharmaceuticals, LLC

  

Term Loan, 4.50%, Maturing November 1, 2019

      3,151        3,168,550   

Arbor Pharmaceuticals, Inc.

  

Term Loan, 6.00%, Maturing June 28, 2023

      1,600        1,617,000   

DPx Holdings B.V.

  

Term Loan, 4.25%, Maturing March 11, 2021

      2,592        2,596,045   

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

  

Term Loan, 3.75%, Maturing September 26, 2022

      2,605        2,604,906   

Horizon Pharma, Inc.

  

Term Loan, 4.00%, Maturing May 7, 2021

      1,210        1,208,175   

Term Loan, Maturing October 18, 2021(4)

      675        678,797   

Jaguar Holding Company II

  

Term Loan, 4.25%, Maturing August 18, 2022

      6,688        6,694,473   

Mallinckrodt International Finance S.A.

  

Term Loan, 3.34%, Maturing March 19, 2021

      1,487        1,486,411   

Valeant Pharmaceuticals International, Inc.

  

Term Loan, 4.29%, Maturing October 20, 2018

      1,351        1,348,783   

Term Loan, 5.25%, Maturing December 11, 2019

      1,028        1,029,265   

Term Loan, 5.25%, Maturing August 5, 2020

      3,031        3,031,969   

Term Loan, 5.50%, Maturing April 1, 2022

      3,428        3,433,435   
                         
      $ 31,681,610   
                         

Ecological Services and Equipment — 1.5%

  

ADS Waste Holdings, Inc.

  

Term Loan, 3.75%, Maturing October 9, 2019

      2,987      $ 2,993,980   

EnergySolutions, LLC

  

Term Loan, 6.75%, Maturing May 29, 2020

      3,262        3,270,654   

GFL Environmental, Inc.

  

Term Loan, 3.75%, Maturing September 23, 2023

      850        852,125   

Term Loan, 4.60%, Maturing September 27, 2023

    CAD        1,400        1,044,416   
                         
      $ 8,161,175   
                         

Electronics / Electrical — 13.2%

  

Answers Corporation

  

Term Loan, 0.00%, Maturing October 3, 2021(5)

      2,071      $ 1,102,791   

Applied Systems, Inc.

  

Term Loan, 4.00%, Maturing January 25, 2021

      1,097        1,100,620   

Avago Technologies Cayman Ltd.

  

Term Loan, 3.53%, Maturing February 1, 2023

      6,980        7,060,727   
 

 

  9   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Electronics / Electrical (continued)

  

Avast Software B.V.

  

Term Loan, 5.00%, Maturing September 30, 2022

      1,975      $ 1,994,256   

Campaign Monitor Finance Pty. Limited

  

Term Loan, 6.25%, Maturing March 18, 2021

      691        673,673   

CommScope, Inc.

  

Term Loan, 3.25%, Maturing December 29, 2022

      916        921,927   

Cypress Semiconductor Corporation

  

Term Loan, 6.50%, Maturing July 5, 2021

      1,062        1,074,389   

Deltek, Inc.

  

Term Loan, 5.00%, Maturing June 25, 2022

      293        295,085   

Term Loan - Second Lien, 9.50%, Maturing June 25, 2023

      400        406,333   

Electrical Components International, Inc.

  

Term Loan, 5.75%, Maturing May 28, 2021

      957        959,079   

Entegris, Inc.

  

Term Loan, 3.50%, Maturing April 30, 2021

      281        283,117   

Excelitas Technologies Corp.

  

Term Loan, 6.00%, Maturing
October 31, 2020

      816        797,401   

Eze Castle Software, Inc.

  

Term Loan, 4.00%, Maturing April 6, 2020

      1,485        1,485,009   

Term Loan, 4.50%, Maturing April 6, 2020

      998        999,370   

Go Daddy Operating Company, LLC

  

Term Loan, 4.25%, Maturing May 13, 2021

      4,443        4,475,173   

Hyland Software, Inc.

  

Term Loan, 4.75%, Maturing July 1, 2022

      1,876        1,885,398   

Term Loan - Second Lien, 8.25%, Maturing July 1, 2023

      550        554,813   

Infor (US), Inc.

  

Term Loan, 3.75%, Maturing June 3, 2020

      6,041        6,033,187   

Informatica Corporation

  

Term Loan, 4.50%, Maturing August 5, 2022

      3,391        3,336,922   

Lattice Semiconductor Corporation

  

Term Loan, 5.51%, Maturing March 10, 2021

      564        560,839   

M/A-COM Technology Solutions Holdings, Inc.

  

Term Loan, 4.63%, Maturing May 7, 2021

      812        821,562   

MA FinanceCo., LLC

  

Term Loan, 4.50%, Maturing November 20, 2019

      935        939,926   

Term Loan, 4.50%, Maturing November 20, 2021

      1,937        1,947,076   

Magic Newco, LLC

  

Term Loan, 6.50%, Maturing December 12, 2018

      1,344        1,347,914   

MH Sub I, LLC

  

Term Loan, 4.75%, Maturing July 8, 2021

      1,226        1,230,772   

Microsemi Corporation

  

Term Loan, 3.75%, Maturing
January 15, 2023

      566        571,331   

MTS Systems Corporation

  

Term Loan, 5.00%, Maturing July 5, 2023

      1,300        1,316,250   
Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Electronics / Electrical (continued)

  

NXP B.V.

  

Term Loan, 3.41%, Maturing December 7, 2020

      933      $ 937,402   

ON Semiconductor Corporation

  

Term Loan, 3.78%, Maturing
March 31, 2023

      1,100        1,107,660   

Renaissance Learning, Inc.

  

Term Loan, 4.50%, Maturing April 9, 2021

      2,160        2,158,872   

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

      225        222,469   

Rocket Software, Inc.

  

Term Loan, 5.25%, Maturing
October 14, 2023

      1,175        1,182,344   

SGS Cayman L.P.

  

Term Loan, 6.00%, Maturing April 23, 2021

      199        197,185   

SkillSoft Corporation

  

Term Loan, 5.84%, Maturing April 28, 2021

      4,228        3,770,451   

SS&C Technologies, Inc.

  

Term Loan, 4.00%, Maturing July 8, 2022

      207        208,994   

Term Loan, 4.00%, Maturing July 8, 2022

      1,702        1,717,295   

SunEdison Semiconductor B.V.

  

Term Loan, 6.50%, Maturing May 27, 2019

      1,807        1,811,276   

SurveyMonkey, Inc.

  

Term Loan, 6.25%, Maturing February 5, 2019

      2,001        2,008,913   

Sutherland Global Services, Inc.

  

Term Loan, 6.00%, Maturing April 23, 2021

      855        847,097   

Uber Technologies

  

Term Loan, 5.00%, Maturing July 13, 2023

      2,725        2,740,328   

Veritas US, Inc.

  

Term Loan, 6.63%, Maturing
January 27, 2023

      2,217        2,070,922   

Vertafore, Inc.

  

Term Loan, 4.75%, Maturing June 30, 2023

      2,300        2,311,679   

Wall Street Systems Delaware, Inc.

  

Term Loan, 4.75%, Maturing
August 23, 2023

      1,147        1,152,029   

Western Digital Corporation

  

Term Loan, 4.50%, Maturing April 29, 2023

      1,975        2,000,356   

Zebra Technologies Corporation

  

Term Loan, 4.09%, Maturing
October 27, 2021

      1,739        1,758,921   
                         
      $ 72,379,133   
                         

Financial Intermediaries — 4.2%

  

Americold Realty Operating Partnership L.P.

  

Term Loan, 5.75%, Maturing December 1, 2022

      424      $ 430,562   

Armor Holding II, LLC

  

Term Loan, 5.75%, Maturing June 26, 2020

      1,961        1,925,437   

Term Loan - Second Lien, 10.25%, Maturing December 26, 2020

      1,525        1,493,230   
 

 

  10   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Financial Intermediaries (continued)

  

Citco Funding, LLC

  

Term Loan, 4.25%, Maturing June 29, 2018

      1,972      $ 1,979,142   

Donnelley Financial Solutions, Inc.

  

Term Loan, 5.00%, Maturing September 30, 2023

      550        553,437   

First Data Corporation

  

Term Loan, 4.27%, Maturing
July 8, 2022

      2,625        2,646,509   

Grosvenor Capital Management Holdings, LLP

  

Term Loan, 3.75%, Maturing January 4, 2021

      898        893,788   

Guggenheim Partners, LLC

  

Term Loan, 3.50%, Maturing
July 21, 2023

      1,150        1,154,641   

Harbourvest Partners, LLC

  

Term Loan, 3.38%, Maturing February 4, 2021

      678        674,187   

Medley, LLC

  

Term Loan, 6.50%, Maturing June 15, 2019(3)

      234        217,344   

MIP Delaware, LLC

  

Term Loan, 4.00%, Maturing March 9, 2020

      297        297,491   

NXT Capital, Inc.

  

Term Loan, 6.25%, Maturing September 4, 2018

      122        122,164   

Term Loan, 6.25%, Maturing September 4, 2018

      665        666,383   

Term Loan, 6.25%, Maturing September 4, 2018

      728        729,319   

Ocwen Financial Corporation

  

Term Loan, 5.50%, Maturing February 15, 2018

      814        815,538   

Outerwall, Inc.

  

Term Loan, 5.25%, Maturing September 27, 2023

      475        479,354   

Sesac Holdco II, LLC

  

Term Loan, 5.25%, Maturing February 8, 2019

      939        940,013   

Starwood Property Trust, Inc.

  

Term Loan, 3.50%, Maturing April 17, 2020

      265        265,873   

Walker & Dunlop, Inc.

  

Term Loan, 5.25%, Maturing December 11, 2020

      2,120        2,138,610   

Walter Investment Management Corp.

  

Term Loan, 4.75%, Maturing December 19, 2020

      4,611        4,340,046   
                         
      $ 22,763,068   
                         

Food Products — 4.1%

  

AdvancePierre Foods, Inc.

  

Term Loan, 4.50%, Maturing June 2, 2023

      2,337      $ 2,357,856   

Blue Buffalo Company Ltd.

  

Term Loan, 3.75%, Maturing August 8, 2019

      1,248        1,255,957   

Charger OpCo B.V.

  

Term Loan, 4.25%, Maturing
July 2, 2022

    EUR        326        359,299   

Clearwater Seafoods Limited Partnership

  

Term Loan, 4.75%, Maturing June 26, 2019

      850        853,740   
Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Food Products (continued)

  

Del Monte Foods, Inc.

  

Term Loan, 4.25%, Maturing February 18, 2021

      1,182      $ 1,100,153   

Term Loan - Second Lien, 8.25%, Maturing August 18, 2021

      1,500        1,165,001   

Dole Food Company, Inc.

  

Term Loan, 4.56%, Maturing November 1, 2018

      2,255        2,266,387   

High Liner Foods Incorporated

  

Term Loan, 4.25%, Maturing April 24, 2021

      759        754,854   

JBS USA, LLC

  

Term Loan, 3.75%, Maturing May 25, 2018

      862        862,584   

Term Loan, 3.75%, Maturing September 18, 2020

      1,528        1,527,750   

Term Loan, 4.00%, Maturing October 30, 2022

      670        669,929   

Keurig Green Mountain, Inc.

  

Term Loan, 5.25%, Maturing March 3, 2023

      912        925,601   

NBTY, Inc.

  

Term Loan, 5.00%, Maturing May 5, 2023

      3,716        3,730,086   

Term Loan, 6.25%, Maturing May 5, 2023

    GBP        998        1,236,107   

Oak Tea, Inc.

  

Term Loan, 4.25%, Maturing
July 2, 2022

      1,785        1,786,938   

R&R Ice Cream PLC

  

Term Loan, 3.00%, Maturing September 26, 2023

    EUR        1,250        1,392,127   
                         
      $ 22,244,369   
                         

Food Service — 3.4%

  

1011778 B.C. Unlimited Liability Company

  

Term Loan, 3.75%, Maturing December 10, 2021

      4,652      $ 4,679,236   

Centerplate, Inc.

  

Term Loan, 4.75%, Maturing November 26, 2019

      997        993,468   

Focus Brands, Inc.

  

Term Loan, 5.00%, Maturing October 3, 2023

      375        378,672   

Landry’s, Inc.

  

Term Loan, 4.00%, Maturing October 4, 2023

      2,575        2,593,777   

Manitowoc Foodservice, Inc.

  

Term Loan, 5.75%, Maturing March 3, 2023

      1,539        1,564,136   

NPC International, Inc.

  

Term Loan, 4.75%, Maturing December 28, 2018

      1,623        1,629,512   

P.F. Chang’s China Bistro, Inc.

  

Term Loan, 4.53%, Maturing
July 2, 2019

      399        394,213   

Seminole Hard Rock Entertainment, Inc.

  

Term Loan, 3.59%, Maturing May 14, 2020

      266        267,504   

Weight Watchers International, Inc.

  

Term Loan, 4.07%, Maturing April 2, 2020

      6,683        5,138,938   

Yum! Brands, Inc.

  

Term Loan, 3.29%, Maturing June 16, 2023

      973        983,504   
                         
      $ 18,622,960   
                         
 

 

  11   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Food / Drug Retailers — 2.6%

  

Albertsons, LLC

  

Term Loan, 4.50%, Maturing
August 25, 2021

      1,338      $ 1,348,992   

Term Loan, 4.75%, Maturing December 21, 2022

      1,496        1,512,242   

Term Loan, 4.75%, Maturing June 22, 2023

      3,747        3,787,505   

Rite Aid Corporation

  

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

      1,450        1,457,024   

Term Loan - Second Lien, 4.88%, Maturing June 21, 2021

      1,500        1,505,812   

Supervalu, Inc.

  

Term Loan, 5.50%, Maturing
March 21, 2019

      4,421        4,439,094   
                         
      $ 14,050,669   
                         

Forest Products — 0.2%

  

Expera Specialty Solutions, LLC

  

Term Loan, Maturing October 27, 2023(4)

      1,050      $ 1,039,500   
                         
      $ 1,039,500   
                         

Health Care — 12.8%

  

Acadia Healthcare Company, Inc.

  

Term Loan, 3.75%, Maturing February 11, 2022

      246      $ 246,546   

ADMI Corp.

  

Term Loan, 5.25%, Maturing April 30, 2022

      321        323,746   

Akorn, Inc.

  

Term Loan, 5.25%, Maturing April 16, 2021

      836        846,367   

Alere, Inc.

  

Term Loan, 4.25%, Maturing June 18, 2022

      1,587        1,583,177   

Alliance Healthcare Services, Inc.

  

Term Loan, 4.25%, Maturing June 3, 2019

      1,196        1,151,828   

AmSurg Corp.

  

Term Loan, 3.50%, Maturing July 16, 2021

      587        587,325   

Ardent Legacy Acquisitions, Inc.

  

Term Loan, 6.50%, Maturing
August 4, 2021

      1,033        1,033,043   

Auris Luxembourg III S.a.r.l.

  

Term Loan, 4.25%, Maturing
January 15, 2022

      763        768,170   

Beaver-Visitec International, Inc.

  

Term Loan, 6.00%, Maturing
August 21, 2023

      800        798,000   

BioClinica, Inc.

  

Term Loan, 5.25%, Maturing
October 20, 2023

      675        673,313   

BSN Medical, Inc.

  

Term Loan, 4.00%, Maturing
August 28, 2019

      569        569,588   

CareCore National, LLC

  

Term Loan, 5.50%, Maturing
March 5, 2021

      2,963        2,922,090   

CeramTec Acquisition Corporation

  

Term Loan, 4.25%, Maturing
August 30, 2020

      32        32,631   
Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Health Care (continued)

  

CHG Healthcare Services, Inc.

  

Term Loan, 4.75%, Maturing June 7, 2023

      1,940      $ 1,953,417   

Community Health Systems, Inc.

  

Term Loan, 3.75%, Maturing December 31, 2019

      2,564        2,444,674   

Term Loan, 4.00%, Maturing
January 27, 2021

      2,728        2,592,350   

Concentra, Inc.

  

Term Loan, 4.00%, Maturing June 1, 2022

      496        496,365   

Convatec, Inc.

  

Term Loan, Maturing October 10,
2023(4)

      575        577,156   

CPI Buyer, LLC

  

Term Loan, 5.50%, Maturing
August 15, 2021

      989        986,803   

DaVita HealthCare Partners, Inc.

  

Term Loan, 3.50%, Maturing June 24, 2021

      3,152        3,161,107   

DJO Finance, LLC

  

Term Loan, 4.25%, Maturing June 8, 2020

      2,123        2,100,301   

Envision Healthcare Corporation

  

Term Loan, 4.25%, Maturing May 25, 2018

      1,957        1,962,040   

Faenza Acquisition GmbH

  

Term Loan, 4.25%, Maturing
August 30, 2020

      89        89,980   

Term Loan, 4.25%, Maturing
August 30, 2020

      293        294,393   

Genoa, a QoL Healthcare Company, LLC

  

Term Loan, Maturing October 25,
2023(4)

      600        600,938   

Global Healthcare Exchange, LLC

  

Term Loan, 5.25%, Maturing
August 15, 2022

      1,064        1,073,596   

Greatbatch Ltd.

  

Term Loan, 5.25%, Maturing
October 27, 2022

      2,639        2,606,940   

Iasis Healthcare, LLC

  

Term Loan, 4.50%, Maturing May 3, 2018

      1,584        1,577,638   

IMS Health Incorporated

  

Term Loan, 3.50%, Maturing March 17, 2021

      1,918        1,928,479   

Indivior Finance S.a.r.l.

  

Term Loan, 7.00%, Maturing December 19, 2019

      935        935,313   

inVentiv Health, Inc.

  

Term Loan, 8.75%, Maturing May 15, 2018

      544        545,017   

Term Loan, 8.75%, Maturing May 15, 2018

      3,007        3,016,325   

Kindred Healthcare, Inc.

  

Term Loan, 4.25%, Maturing April 9, 2021

      1,466        1,469,299   

Kinetic Concepts, Inc.

  

Term Loan, 5.00%, Maturing November 4, 2020

      5,893        5,936,345   

KUEHG Corp.

  

Term Loan, 5.25%, Maturing
August 12, 2022

      2,011        2,019,026   

MMM Holdings, Inc.

  

Term Loan, 9.75%, Maturing December 12, 2017

      509        481,820   

MPH Acquisition Holdings, LLC

  

Term Loan, 5.00%, Maturing June 7, 2023

      2,296        2,325,531   
 

 

  12   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Health Care (continued)

  

MSO of Puerto Rico, Inc.

  

Term Loan, 9.75%, Maturing December 12, 2017

      370      $ 350,280   

National Mentor Holdings, Inc.

  

Term Loan, 4.25%, Maturing January 31, 2021

      1,011        1,013,123   

National Surgical Hospitals, Inc.

  

Term Loan, 4.50%, Maturing June 1, 2022

      995        984,067   

New Millennium Holdco, Inc.

  

Term Loan, 7.50%, Maturing December 21, 2020

      502        319,746   

Onex Carestream Finance L.P.

  

Term Loan, 5.00%, Maturing June 7, 2019

      2,439        2,273,935   

Opal Acquisition, Inc.

  

Term Loan, 5.00%, Maturing November 27, 2020

      2,077        1,923,553   

Ortho-Clinical Diagnostics, Inc.

  

Term Loan, 4.75%, Maturing June 30, 2021

      2,854        2,789,026   

PRA Holdings, Inc.

  

Term Loan, 4.50%, Maturing September 23, 2020

      987        993,484   

Quality Care Properties, Inc.

  

Term Loan, Maturing
September 12, 2022(4)

      2,600        2,603,250   

RadNet, Inc.

  

Term Loan, 4.77%, Maturing
July 1, 2023

      1,425        1,430,640   

Select Medical Corporation

  

Term Loan, 6.00%, Maturing June 1, 2018

      1,095        1,100,168   

Sterigenics-Nordion Holdings, LLC

  

Term Loan, 4.25%, Maturing May 15, 2022

      693        693,000   

Tecomet, Inc.

  

Term Loan, 5.75%, Maturing December 5, 2021

      1,130        1,124,226   
                         
      $ 70,309,175   
                         

Home Furnishings — 0.3%

  

Serta Simmons Holdings, LLC

  

Term Loan, 4.25%, Maturing October 1, 2019

      1,461      $ 1,462,854   
                         
      $ 1,462,854   
                         

Industrial Equipment — 6.2%

  

Apex Tool Group, LLC

  

Term Loan, 4.50%, Maturing January 31, 2020

      2,485      $ 2,454,179   

Blount International, Inc.

  

Term Loan, 7.25%, Maturing April 12, 2023

      1,147        1,162,181   

Coherent Holding GmbH

  

Term Loan, Maturing July 18, 2023(4)

    EUR        1,200        1,339,439   

Delachaux S.A.

  

Term Loan, 4.50%, Maturing October 28, 2021

      417        405,096   

Doosan Infracore International, Inc.

  

Term Loan, 4.50%, Maturing May 28, 2021

      804        806,820   
Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Industrial Equipment (continued)

  

EWT Holdings III Corp.

  

Term Loan, 4.75%, Maturing January 15, 2021

      914      $ 916,285   

Term Loan, 5.50%, Maturing January 15, 2021

      572        574,986   

Filtration Group Corporation

  

Term Loan, Maturing
November 21, 2020(4)

      183        183,769   

Term Loan, Maturing
November 21, 2020(4)

      417        417,009   

Gardner Denver, Inc.

  

Term Loan, 4.25%, Maturing
July 30, 2020

      4,164        4,051,424   

Term Loan, 4.75%, Maturing
July 30, 2020

    EUR        388        418,550   

Gates Global, Inc.

  

Term Loan, 4.25%, Maturing
July 6, 2021

      5,864        5,783,946   

Husky Injection Molding Systems Ltd.

  

Term Loan, 4.25%, Maturing June 30, 2021

      2,955        2,956,856   

Milacron, LLC

  

Term Loan, 4.25%, Maturing September 28, 2020

      1,122        1,128,752   

Paladin Brands Holding, Inc.

  

Term Loan, 7.25%, Maturing August 16, 2019

      1,565        1,408,232   

Paternoster Holding IV GmbH

  

Term Loan, 7.13%, Maturing February 10, 2022

    EUR        900        985,505   

Rexnord, LLC

  

Term Loan, 4.00%, Maturing August 21, 2020

      4,272        4,283,767   

Signode Industrial Group US, Inc.

  

Term Loan, 3.75%, Maturing May 1, 2021

      816        815,521   

STS Operating, Inc.

  

Term Loan, 4.75%, Maturing February 12, 2021

      286        260,922   

Tank Holding Corp.

  

Term Loan, 5.25%, Maturing March 16, 2022

      1,161        1,135,280   

Terex Corporation

  

Term Loan, 3.50%, Maturing August 13, 2021

    EUR        1,544        1,694,908   

Unifrax Corporation

  

Term Loan, 4.25%, Maturing November 28, 2018

      964        958,869   
                         
      $ 34,142,296   
                         

Insurance — 4.8%

  

Alliant Holdings I, Inc.

  

Term Loan, 4.75%, Maturing August 12, 2022

      1,876      $ 1,879,963   

Term Loan, 5.25%, Maturing August 12, 2022

      499        502,491   

AmWINS Group, LLC

  

Term Loan, 4.75%, Maturing September 6, 2019

      4,650        4,683,738   

AssuredPartners, Inc.

  

Term Loan, 5.75%, Maturing October 21, 2022

      943        950,066   

Term Loan - Second Lien, 10.00%, Maturing October 20, 2023

      1,100        1,106,875   
 

 

  13   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Insurance (continued)

  

Asurion, LLC

  

Term Loan, 5.00%, Maturing May 24, 2019

      1,757      $ 1,761,630   

Term Loan, 5.00%, Maturing
August 4, 2022

      4,979        5,009,993   

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

      2,300        2,313,416   

Cunningham Lindsey U.S., Inc.

  

Term Loan, 5.00%, Maturing December 10, 2019

      1,860        1,575,970   

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

      1,000        827,200   

Hub International Limited

  

Term Loan, 4.00%, Maturing
October 2, 2020

      2,741        2,741,935   

USI, Inc.

  

Term Loan, 4.25%, Maturing December 27, 2019

      2,708        2,712,304   
                         
      $ 26,065,581   
                         

Leisure Goods / Activities / Movies — 5.7%

  

AMC Entertainment, Inc.

  

Term Loan, 4.00%, Maturing December 15, 2022

      2,153      $ 2,169,785   

Term Loan, Maturing December 15, 2023(4)

      550        548,625   

Ancestry.com Operations, Inc.

  

Term Loan, 5.25%, Maturing
October 19, 2023

      2,150        2,157,794   

Bombardier Recreational Products, Inc.

  

Term Loan, 3.75%, Maturing June 30, 2023

      4,400        4,415,400   

Bright Horizons Family Solutions, Inc.

  

Term Loan, 5.25%, Maturing
January 30, 2020

      866        869,634   

CDS U.S. Intermediate Holdings, Inc.

  

Term Loan, 5.00%, Maturing July 8, 2022

      421        422,591   

ClubCorp Club Operations, Inc.

  

Term Loan, 4.00%, Maturing December 15, 2022

      1,900        1,910,687   

Emerald Expositions Holding, Inc.

  

Term Loan, 4.75%, Maturing June 17, 2020

      1,229        1,235,588   

Fender Musical Instruments Corporation

  

Term Loan, 5.75%, Maturing April 3, 2019

      235        234,831   

Lindblad Expeditions, Inc.

  

Term Loan, 5.50%, Maturing May 8, 2021

      198        198,801   

Term Loan, 5.50%, Maturing May 8, 2021

      1,533        1,540,707   

Live Nation Entertainment, Inc.

  

Term Loan, 3.34%, Maturing
October 26, 2023

      2,495        2,500,822   

LTF Merger Sub, Inc.

  

Term Loan, 4.25%, Maturing June 10, 2022

      1,333        1,336,100   

Match Group, Inc.

  

Term Loan, 5.50%, Maturing November 16, 2022

      561        565,180   

Nord Anglia Education Finance, LLC

  

Term Loan, 5.00%, Maturing
March 31, 2021

      1,713        1,724,049   
Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Leisure Goods / Activities / Movies (continued)

  

Sabre, Inc.

  

Term Loan, 4.00%, Maturing February 19, 2019

      961      $ 965,752   

SeaWorld Parks & Entertainment, Inc.

  

Term Loan, 3.09%, Maturing May 14, 2020

      1,724        1,702,732   

Sonifi Solutions, Inc.

  

Term Loan, 6.75%, Maturing March 28, 2018(3)

      1,076        430,206   

SRAM, LLC

  

Term Loan, 4.01%, Maturing April 10, 2020

      2,096        2,048,488   

Steinway Musical Instruments, Inc.

  

Term Loan, 4.75%, Maturing September 19, 2019

      1,974        1,929,704   

UFC Holdings, LLC

  

Term Loan, 5.00%, Maturing August 18, 2023

      1,425        1,439,546   

WMG Acquisition Corp.

  

Term Loan, 3.75%, Maturing
July 1, 2020

      788        787,800   
                         
      $ 31,134,822   
                         

Lodging and Casinos — 5.2%

  

Amaya Holdings B.V.

  

Term Loan, 5.00%, Maturing August 1, 2021

      3,313      $ 3,315,476   

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

      1,997        1,996,252   

Boyd Gaming Corporation

  

Term Loan, 4.00%, Maturing August 14, 2020

      152        153,310   

Term Loan, 3.53%, Maturing September 15, 2023

      825        831,806   

Caesars Entertainment Operating Company

  

Term Loan, 0.00%, Maturing March 1, 2017(5)

      924        1,024,012   

CityCenter Holdings, LLC

  

Term Loan, 4.25%, Maturing October 16, 2020

      639        643,996   

ESH Hospitality, Inc.

  

Term Loan, 3.75%, Maturing August 30, 2023

      1,300        1,309,750   

Four Seasons Holdings, Inc.

  

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

      3,577        3,605,952   

Gala Group Finance PLC

  

Term Loan, 4.74%, Maturing May 27, 2018

    GBP        3,125        3,834,764   

Golden Nugget, Inc.

  

Term Loan, 4.50%, Maturing November 21, 2019

      129        130,214   

Term Loan, 4.50%, Maturing November 21, 2019

      300        303,832   

Hilton Worldwide Finance, LLC

  

Term Loan, 3.50%, Maturing October 26, 2020

      388        390,183   

Term Loan, 3.17%, Maturing October 25, 2023

      3,966        3,992,631   

La Quinta Intermediate Holdings, LLC

  

Term Loan, 3.75%, Maturing April 14, 2021

      772        771,522   

MGM Growth Properties Operating Partnership L.P.

  

Term Loan, 4.00%, Maturing April 25, 2023

      1,915        1,924,054   
 

 

  14   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Lodging and Casinos (continued)

  

Playa Resorts Holding B.V.

  

Term Loan, 4.00%, Maturing
August 9, 2019

      485      $ 485,000   

Scientific Games International, Inc.

  

Term Loan, 6.00%, Maturing
October 18, 2020

      2,776        2,794,680   

Term Loan, 6.00%, Maturing
October 1, 2021

      483        485,624   

Tropicana Entertainment, Inc.

  

Term Loan, 4.00%, Maturing November 27, 2020

      364        364,659   
                         
      $ 28,357,717   
                         

Nonferrous Metals / Minerals — 2.4%

  

Alpha Natural Resources, LLC

  

Term Loan, 11.00%, Maturing
July 25, 2019

      300      $ 316,050   

Arch Coal, Inc.

  

Term Loan, 10.00%, Maturing
June 15, 2021

      611        623,398   

Dynacast International, LLC

  

Term Loan, 4.50%, Maturing
January 28, 2022

      666        669,781   

Fairmount Santrol, Inc.

  

Term Loan, 4.50%, Maturing September 5, 2019

      2,975        2,836,025   

Global Brass & Copper, Inc.

  

Term Loan, 5.25%, Maturing July 18, 2023

      825        834,797   

Murray Energy Corporation

  

Term Loan, 9.25%, Maturing April 16, 2017

      295        295,743   

Term Loan, 8.25%, Maturing April 16, 2020

      1,929        1,790,882   

Noranda Aluminum Acquisition Corporation

  

Term Loan, 0.00%, Maturing February 28, 2019(3)(5)

      1,068        444,194   

Novelis, Inc.

  

Term Loan, 4.00%, Maturing June 2, 2022

      2,617        2,627,997   

Oxbow Carbon, LLC

  

Term Loan, 4.25%, Maturing July 19, 2019

      298        299,573   

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

      2,125        2,082,500   

United Central Industrial Supply Company, LLC

  

Term Loan - Second Lien, 15.00%, (0.00% Cash, 15.00% PIK), Maturing April 9, 2019(3)

      533        213,031   
                         
      $ 13,033,971   
                         

Oil and Gas — 4.3%

  

Ameriforge Group, Inc.

  

Term Loan, 5.00%, Maturing December 19, 2019

      3,002      $ 1,576,290   

Bronco Midstream Funding, LLC

  

Term Loan, 5.00%, Maturing
August 15, 2020

      1,791        1,674,840   

CITGO Holding, Inc.

  

Term Loan, 9.50%, Maturing May 12, 2018

      800        808,171   

CITGO Petroleum Corporation

  

Term Loan, 4.50%, Maturing July 29, 2021

      956        950,723   
Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Oil and Gas (continued)

  

Crestwood Holdings, LLC

  

Term Loan, 9.00%, Maturing June 19, 2019

      1,691      $ 1,589,126   

Drillships Ocean Ventures, Inc.

  

Term Loan, 5.50%, Maturing July 25, 2021

      335        237,787   

Fieldwood Energy, LLC

  

Term Loan, 3.88%, Maturing
October 1, 2018

      1,027        947,407   

Term Loan, 8.00%, Maturing
August 31, 2020

      550        482,625   

Term Loan, 8.38%, Maturing September 30, 2020

      727        586,975   

Term Loan - Second Lien, 8.38%, Maturing September 30, 2020

      973        583,858   

Floatel International, Ltd.

  

Term Loan, 6.00%, Maturing June 27, 2020

      684        542,008   

MEG Energy Corp.

  

Term Loan, 3.75%, Maturing
March 31, 2020

      6,617        6,259,513   

Paragon Offshore Finance Company

  

Term Loan, 5.25%, Maturing July 18, 2021

      839        281,191   

Samson Investment Company

  

Term Loan - Second Lien, 0.00%, Maturing September 25, 2018(5)

      1,850        448,625   

Seadrill Partners Finco, LLC

  

Term Loan, 4.00%, Maturing February 21, 2021

      3,217        1,825,498   

Sheridan Investment Partners II L.P.

  

Term Loan, 4.34%, Maturing December 16, 2020

      35        25,862   

Term Loan, 4.34%, Maturing December 16, 2020

      94        69,345   

Term Loan, 4.34%, Maturing December 16, 2020

      674        498,504   

Sheridan Production Partners I, LLC

  

Term Loan, 4.25%, Maturing
October 1, 2019

      203        157,118   

Term Loan, 4.25%, Maturing
October 1, 2019

      332        257,230   

Term Loan, 4.25%, Maturing
October 1, 2019

      2,505        1,941,240   

Southcross Holdings Borrower L.P.

  

Term Loan, 9.00%, (3.50% Cash, 5.50% PIK), Maturing April 13, 2023

      54        45,548   

Tervita Corporation

  

Term Loan, 7.50%, Maturing May 15, 2018

      1,543        1,532,365   
                         
      $ 23,321,849   
                         

Publishing — 3.0%

  

682534 N.B., Inc.

  

Term Loan, 12.00%, (8.00% Cash, 4.00% PIK), Maturing October 1, 2020(3)

      334      $ 267,450   

Ascend Learning, LLC

  

Term Loan, 5.50%, Maturing July 31, 2019

      1,729        1,738,491   

Getty Images, Inc.

  

Term Loan, 4.75%, Maturing
October 18, 2019

      5,329        4,521,492   
 

 

  15   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Publishing (continued)

  

Laureate Education, Inc.

  

Term Loan, 5.00%, Maturing June 15, 2018

      3,592      $ 3,576,083   

LSC Communications, Inc.

  

Term Loan, 7.00%, Maturing September 26, 2022

      1,250        1,243,750   

Merrill Communications, LLC

  

Term Loan, 6.25%, Maturing June 1, 2022

      592        562,458   

Penton Media, Inc.

  

Term Loan, 6.25%, Maturing
October 3, 2019

      575        575,660   

Press Ganey Holdings, Inc.

  

Term Loan, 4.25%, Maturing
October 21, 2023

      750        750,937   

ProQuest, LLC

  

Term Loan, 5.75%, Maturing
October 24, 2021

      1,651        1,655,225   

Springer Science+Business Media Deutschland GmbH

  

Term Loan, 4.75%, Maturing
August 14, 2020

      1,412        1,375,222   
                         
      $ 16,266,768   
                         

Radio and Television — 4.0%

  

ALM Media Holdings, Inc.

  

Term Loan, 5.50%, Maturing July 31, 2020

      404      $ 399,511   

AP NMT Acquisition B.V.

  

Term Loan, 6.75%, Maturing
August 13, 2021

      1,945        1,764,205   

CBS Radio, Inc.

  

Term Loan, 4.50%, Maturing
October 17, 2023

      1,325        1,333,903   

Cumulus Media Holdings, Inc.

  

Term Loan, 4.25%, Maturing December 23, 2020

      4,137        2,875,086   

Entercom Radio, LLC

  

Term Loan, 4.02%, Maturing November 23, 2018

      327        328,089   

Term Loan, Maturing October 25, 2023(4)

      1,000        1,007,500   

Gray Television, Inc.

  

Term Loan, 3.94%, Maturing June 13, 2021

      245        246,577   

Hubbard Radio, LLC

  

Term Loan, 4.25%, Maturing May 27, 2022

      595        586,819   

iHeartCommunications, Inc.

  

Term Loan, 7.28%, Maturing
January 30, 2019

      2,132        1,624,174   

Term Loan, 8.03%, Maturing July 30, 2019

      364        278,695   

Lions Gate Entertainment Corp.

  

Term Loan, Maturing October 12, 2023(4)

      850        852,479   

MGOC, Inc.

  

Term Loan, 4.00%, Maturing July 31, 2020

      1,250        1,251,823   

Mission Broadcasting, Inc.

  

Term Loan, 3.75%, Maturing
October 1, 2020

      625        626,884   

Nexstar Broadcasting, Inc.

  

Term Loan, 3.75%, Maturing
October 1, 2020

      708        710,897   

Raycom TV Broadcasting, LLC

  

Term Loan, 3.75%, Maturing
August 4, 2021

      832        830,215   
Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Radio and Television (continued)

  

Sinclair Television Group, Inc.

  

Term Loan, 3.00%, Maturing April 9, 2020

      483      $ 484,700   

Univision Communications, Inc.

  

Term Loan, 4.00%, Maturing March 1, 2020

      2,094        2,100,258   

Term Loan, 4.00%, Maturing March 1, 2020

      4,676        4,688,311   
                         
      $ 21,990,126   
                         

Retailers (Except Food and Drug) — 6.7%

  

B&M Retail Limited

  

Term Loan, 3.01%, Maturing May 21, 2019

    GBP        350      $ 425,901   

Term Loan, 3.51%, Maturing April 28, 2020

    GBP        275        335,819   

Bass Pro Group, LLC

  

Term Loan, 4.00%, Maturing June 5, 2020

      2,328        2,331,443   

CDW, LLC

  

Term Loan, 3.00%, Maturing August 4, 2023

      4,802        4,823,852   

Coinamatic Canada, Inc.

  

Term Loan, 4.25%, Maturing May 14, 2022

      44        44,150   

David’s Bridal, Inc.

  

Term Loan, 5.00%, Maturing October 11, 2019

      2,015        1,881,547   

Dollar Tree, Inc.

  

Term Loan, 3.00%, Maturing
July 6, 2022

      660        667,888   

Evergreen Acqco 1 L.P.

  

Term Loan, 5.00%, Maturing
July 9, 2019

      1,143        1,059,673   

Harbor Freight Tools USA, Inc.

  

Term Loan, 4.14%, Maturing August 19, 2023

      2,569        2,588,286   

J. Crew Group, Inc.

  

Term Loan, 4.00%, Maturing March 5, 2021

      2,927        2,257,770   

Men’s Wearhouse, Inc. (The)

  

Term Loan, 4.50%, Maturing June 18, 2021

      1,419        1,402,902   

Michaels Stores, Inc.

  

Term Loan, 3.75%, Maturing January 27, 2023

      3,286        3,313,676   

Neiman Marcus Group, Inc. (The)

  

Term Loan, 4.25%, Maturing October 25, 2020

      2,187        2,015,638   

Party City Holdings, Inc.

  

Term Loan, 4.20%, Maturing August 19, 2022

      2,471        2,482,182   

PetSmart, Inc.

  

Term Loan, 4.00%, Maturing March 11, 2022

      4,679        4,693,371   

PFS Holding Corporation

  

 

Term Loan, 4.50%, Maturing January 31, 2021

      2,188        2,062,570   

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

  

 

Term Loan, 4.50%, Maturing April 30, 2021

      513        456,737   

Rent-A-Center, Inc.

  

Term Loan, 3.84%, Maturing March 19, 2021

      428        397,831   
 

 

  16   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Portfolio of Investments — continued

 

 

Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Retailers (Except Food and Drug) (continued))

  

Toys ‘R’ Us Property Company I, LLC

  

Term Loan, 6.00%, Maturing August 21, 2019

      2,499      $ 2,391,038   

Vivid Seats, Ltd.

  

Term Loan, 6.75%, Maturing October 7, 2022

      900        889,875   

Wilton Brands, LLC

  

Term Loan, 8.50%, Maturing August 30, 2018

      423        368,686   
                         
      $ 36,890,835   
                         

Steel — 1.0%

  

FMG Resources (August 2006) Pty. Ltd.

  

Term Loan, 3.75%, Maturing June 30, 2019

      4,505      $ 4,507,414   

Neenah Foundry Company

  

Term Loan, 6.75%, Maturing April 26, 2017

      360        357,826   

Zekelman Industries, Inc.

  

Term Loan, 6.00%, Maturing June 14, 2021

      598        604,361   
                         
      $ 5,469,601   
                         

Surface Transport — 0.5%

  

Hertz Corporation (The)

  

Term Loan, 3.50%, Maturing June 30, 2023

      1,022      $ 1,030,197   

Kenan Advantage Group, Inc.

  

Term Loan, 1.50%, Maturing
January 31, 2017(2)

      25        25,158   

Term Loan, 4.00%, Maturing July 31, 2022

      110        110,243   

Term Loan, 4.00%, Maturing July 31, 2022

      360        359,006   

Stena International S.a.r.l.

  

Term Loan, 4.24%, Maturing March 3, 2021

      1,536        1,316,798   
                         
      $ 2,841,402   
                         

Telecommunications — 3.7%

  

Consolidated Communications, Inc.

  

Term Loan, 4.00%, Maturing
October 4, 2023

      400      $ 403,000   

Intelsat Jackson Holdings S.A.

  

Term Loan, 3.75%, Maturing June 30, 2019

      7,550        7,233,844   

IPC Corp.

  

Term Loan, 5.50%, Maturing
August 6, 2021

      2,142        2,040,612   

Mitel US Holdings, Inc.

  

Term Loan, 5.50%, Maturing April 29, 2022

      672        678,211   

Syniverse Holdings, Inc.

  

Term Loan, 4.00%, Maturing April 23, 2019

      1,735        1,594,953   

Term Loan, 4.00%, Maturing April 23, 2019

      1,942        1,785,363   

Telesat Canada

  

Term Loan, 3.50%, Maturing March 28, 2019

      6,537        6,551,031   
                         
      $ 20,287,014   
                         
Borrower/Tranche Description         

Principal

Amount*

(000’s omitted)

    Value  

Utilities — 2.8%

  

Calpine Construction Finance Company L.P.

  

Term Loan, 3.09%, Maturing May 3, 2020

      1,016      $ 1,011,749   

Term Loan, 3.34%, Maturing January 31, 2022

      387        385,000   

Calpine Corporation

  

Term Loan, 3.59%, Maturing
May 27, 2022

      3,135        3,146,336   

Dayton Power & Light Company (The)

  

Term Loan, 4.00%, Maturing
August 24, 2022

      550        555,500   

Dynegy Holdings, Inc.

  

Term Loan, 4.00%, Maturing
April 23, 2020

      938        939,489   

Energy Future Intermediate Holding Co., LLC

  

DIP Loan, 4.25%, Maturing
June 30, 2017

      1,725        1,736,140   

Granite Acquisition, Inc.

  

Term Loan, 5.00%, Maturing December 19, 2021

      109        107,765   

Term Loan, 5.00%, Maturing December 19, 2021

      2,423        2,406,349   

Invenergy Thermal Operating I, LLC

  

Term Loan, 6.50%, Maturing October 19, 2022

      194        186,043   

Lonestar Generation, LLC

  

Term Loan, 5.47%, Maturing February 22, 2021

      1,302        1,139,343   

Longview Power, LLC

  

Term Loan, 7.00%, Maturing
April 13, 2021

      2,740        2,397,774   

TPF II Power, LLC

  

Term Loan, 5.00%, Maturing October 2, 2021

      1,259        1,275,845   
                         
      $ 15,287,333   
                         

Total Senior Floating-Rate Loans
(identified cost $761,787,699)

      $ 745,202,967   
                         
Corporate Bonds & Notes — 9.3%   
     
Security         

Principal

Amount*

(000’s omitted)

    Value  

Aerospace and Defense — 0.1%

  

CBC Ammo, LLC/CBC FinCo, Inc.

  

7.25%, 11/15/21(6)

      75      $ 73,312   

Huntington Ingalls Industries, Inc.

  

5.00%, 11/15/25(6)

      15        15,816   

Orbital ATK, Inc.

  

5.25%, 10/1/21

      45        46,687   

TransDigm, Inc.

  

6.00%, 7/15/22

      85        89,144   

6.50%, 7/15/24

      80        84,600   
                         
      $ 309,559   
                         
 

 

  17   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Portfolio of Investments — continued

 

 

Security         

Principal

Amount*

(000’s omitted)

    Value  

Automotive — 0.1%

  

American Axle & Manufacturing, Inc.

  

5.125%, 2/15/19

      20      $ 20,301   

General Motors Financial Co., Inc.

  

4.75%, 8/15/17

      70        71,768   

3.25%, 5/15/18

      10        10,182   

ZF North America Capital, Inc.

  

4.50%, 4/29/22(6)

      150        159,187   
                         
      $ 261,438   
                         

Beverage and Tobacco — 0.0%(7)

  

Constellation Brands, Inc.

  

6.00%, 5/1/22

      105      $ 122,325   

4.25%, 5/1/23

      105        110,775   
                         
      $ 233,100   
                         

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

  

Alliance Data Systems Corp.

  

6.375%, 4/1/20(6)

      55      $ 56,238   
                         
      $ 56,238   
                         

Building and Development — 0.1%

  

Builders FirstSource, Inc.

  

10.75%, 8/15/23(6)

      18      $ 20,790   

Greystar Real Estate Partners, LLC

  

8.25%, 12/1/22(6)

      50        54,625   

HD Supply, Inc.

  

5.25%, 12/15/21(6)

      40        42,650   

Hillman Group, Inc. (The)

  

6.375%, 7/15/22(6)

      75        69,937   

Reliance Intermediate Holdings, L.P.

  

6.50%, 4/1/23(6)

      120        127,800   

Standard Industries, Inc.

  

5.375%, 11/15/24(6)

      75        77,812   

6.00%, 10/15/25(6)

      55        58,985   

TRI Pointe Group, Inc./TRI Pointe Homes, Inc.

  

4.375%, 6/15/19

      45        46,238   

5.875%, 6/15/24

      60        62,475   

USG Corp.

  

5.875%, 11/1/21(6)

      35        36,706   

5.50%, 3/1/25(6)

      5        5,344   
                         
      $ 603,362   
                         
Security         

Principal

Amount*

(000’s omitted)

    Value  

Business Equipment and Services — 0.0%(7)

  

FTI Consulting, Inc.

  

6.00%, 11/15/22

      40      $ 42,150   

ServiceMaster Co., LLC (The)

  

7.45%, 8/15/27

      45        47,925   

United Rentals North America, Inc.

  

7.625%, 4/15/22

      14        14,963   

6.125%, 6/15/23

      15        15,788   
                         
      $ 120,826   
                         

Cable and Satellite Television — 0.6%

  

CCO Holdings, LLC/CCO Holdings Capital Corp.

  

5.25%, 9/30/22

      155      $ 161,781   

5.75%, 1/15/24

      10        10,600   

5.375%, 5/1/25(6)

      95        97,850   

5.75%, 2/15/26(6)

      45        46,997   

CSC Holdings, LLC

  

8.625%, 2/15/19

      15        16,772   

5.25%, 6/1/24

      10        9,375   

DISH DBS Corp.

  

6.75%, 6/1/21

      120        129,226   

5.875%, 7/15/22

      30        31,200   

5.875%, 11/15/24

      20        20,213   

IAC/InterActiveCorp

  

4.875%, 11/30/18

      46        46,483   

Virgin Media Secured Finance PLC

  

5.375%, 4/15/21(6)

      833        862,678   

6.00%, 4/15/21(6)

    GBP        855        1,097,538   

5.50%, 1/15/25(6)

      550        565,812   
                         
      $ 3,096,525   
                         

Chemicals and Plastics — 0.8%

  

Hexion, Inc.

  

6.625%, 4/15/20

      4,450      $ 3,916,000   

Platform Specialty Products Corp.

  

10.375%, 5/1/21(6)

      15        16,237   

6.50%, 2/1/22(6)

      60        58,500   

Scotts Miracle-Gro Co. (The)

  

6.00%, 10/15/23(6)

      15        15,975   

Tronox Finance, LLC

  

6.375%, 8/15/20

      130        117,325   

7.50%, 3/15/22(6)

      20        18,000   

W.R. Grace & Co.

  

5.125%, 10/1/21(6)

      30        32,025   

5.625%, 10/1/24(6)

      10        10,863   
                         
      $ 4,184,925   
                         
 

 

  18   See Notes to Financial Statements.


Eaton Vance

Senior Floating-Rate Trust

October 31, 2016

 

Portfolio of Investments — continued

 

 

Security         

Principal

Amount*

(000’s omitted)

    Value  

Commercial Services — 0.0%(7)

  

CEB, Inc.

  

5.625%, 6/15/23(6)

      15      $ 14,644   
                         
      $ 14,644   
                         

Conglomerates — 0.0%(7)

  

Belden, Inc.

  

5.50%, 9/1/22(6)

      20      $ 20,550   

Spectrum Brands, Inc.

  

6.625%, 11/15/22

      30        32,268   

5.75%, 7/15/25

      70        76,125   

TMS International Corp.

  

7.625%, 10/15/21(6)

      55        45,650   
                         
      $ 174,593   
                         

Consumer Products — 0.0%(7)

  

Central Garden & Pet Co.

  

6.125%, 11/15/23

      50      $ 53,875   

HRG Group, Inc.

  

7.875%, 7/15/19

      110        115,362   
                         
      $ 169,237   
                         

Containers and Glass Products — 0.9%

  

Berry Plastics Corp.

  

6.00%, 10/15/22

      25      $ 26,609   

Owens-Brockway Glass Container, Inc.

  

5.875%, 8/15/23(6)

      35        37,362   

6.375%, 8/15/25(6)

      15        16,491   

Reynolds Group Holdings, Inc.

  

5.75%, 10/15/20

      3,875        3,981,679   

4.38%, 7/15/21(6)(8)

      950        971,375   
                         
      $ 5,033,516   
                         

Distribution & Wholesale — 0.0%(7)

  

American Tire Distributors, Inc.

  

10.25%, 3/1/22(6)

      50      $ 46,219   
                         
      $ 46,219   
                         

Diversified Financial Services — 0.0%(7)

  

Double Eagle Acquisition Sub, Inc.

  

7.50%, 10/1/24(6)

      45      $ 46,463   

Quicken Loans, Inc.

  

5.75%, 5/1/25(6)

      20        19,850   
                         
      $ 66,313   
                         
Security         

Principal

Amount*

(000’s omitted)

    Value  

Drugs — 0.1%

  

ConvaTec Finance International S.A.

  

8.25%, 1/15/19(6)(9)

      200      $ 200,000   

Jaguar Holding Co. II/Pharmaceutical Product Development, LLC

     

6.375%, 8/1/23(6)

      140        141,120   

Mallinckrodt International Finance S.A./Mallinckrodt CB, LLC

     

4.875%, 4/15/20(6)

      30        30,337   

5.625%, 10/15/23(6)

      50        47,250   

5.50%, 4/15/25(6)

      30        27,863   

Valeant Pharmaceuticals International, Inc.

  

6.375%, 10/15/20(6)

      55        48,125   

7.50%, 7/15/21(6)

      50        44,187   

5.625%, 12/1/21(6)

      30        24,450   

5.875%, 5/15/23(6)

      90        69,750   

6.125%, 4/15/25(6)

      40        30,900   
                         
      $ 663,982   
                         

Ecological Services and Equipment — 0.0%(7)

  

Advanced Disposal Services, Inc.

  

8.25%, 10/1/20

  &