Edgar Filing: Eaton Vance Floating-Rate Income Trust

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS 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)
The Eaton Vance Building, 255 State Street, Boston, Massachusetts		02109
(Address of Principal Executive Offices)
Alan R. Dynner, Esq.
Eaton Vance Management, 255 State Street, Boston, Massachusetts 02109
(Name and Address of Agent for Services)
(Registrant’s Telephone Number, Including Area Code)		(617) 482-8260
Date of Fiscal Year End		May 31
Date of Reporting Period		August 31, 2005

Item 1. Schedule of Investments

Eaton Vance Floating-Rate Income Trust as of August 31, 2005

PORTFOLIO OF INVESTMENTS (Unaudited)

Senior, Floating Rate Interests — 139.6% (1)

Principal
Amount		Borrower/Tranche Description	Value
Aerospace and Defense — 2.8%
		Alliant Tech Systems, Inc.
$	702,000	Term Loan, 4.66%, Maturing March 31, 2009	$	705,510
		CACI International, Inc.
4,211,125		Term Loan, 4.96%, Maturing May 3, 2011	4,257,624
		DRS Technologies, Inc.
2,834,351		Term Loan, 5.47%, Maturing November 4, 2010	2,864,908
		Hexcel Corp.
485,111		Term Loan, 5.36%, Maturing March 1, 2012	491,276
		K&F Industries, Inc.
785,650		Term Loan, 6.16%, Maturing November 18, 2012	799,595
		Mid-Western Aircraft Systems
1,040,000		Term Loan, 5.96%, Maturing December 31, 2011	1,057,680
		Standard Aero Holdings, Inc.
3,194,181		Term Loan, 5.78%, Maturing August 24, 2012	3,240,098
		Transdigm, Inc.
2,969,956		Term Loan, 5.80%, Maturing July 22, 2010	3,018,218
		Vought Aircraft Industries, Inc.
1,313,788		Term Loan, 6.17%, Maturing December 22, 2011	1,337,053
		Wam Aquisition, S.A.
755,563		Term Loan, 6.36%, Maturing April 8, 2013	755,000
755,563		Term Loan, 6.86%, Maturing April 8, 2014	758,211
		Wyle Laboratories, Inc.
314,213		Term Loan, 6.46%, Maturing January 28, 2011	319,417
			$	19,604,590
Air Transport — 0.7%
		United Airlines, Inc.
4,952,188		DIP Loan, 7.96%, Maturing December 31, 2005	5,007,900
			$	5,007,900
Automotive — 6.1%
		Accuride Corp.
2,712,213		Term Loan, 5.65%, Maturing January 31, 2012	2,739,335
		Affina Group, Inc.
685,555		Term Loan, 6.40%, Maturing November 30, 2011	689,197
		Collins & Aikman Products Co.
2,018,479		Term Loan, 7.94%, Maturing August 31, 2011	1,788,156
		CSA Acquisition Corp.
253,642		Term Loan, 5.50%, Maturing December 23, 2011	253,959
408,033		Term Loan, 5.50%, Maturing December 23, 2011	408,543
		Dayco Products, LLC
1,523,632		Term Loan, 6.43%, Maturing June 23, 2011	1,541,249

		Exide Technologies
$	518,936	Term Loan, 9.34%, Maturing May 5, 2010	$	511,152
518,936		Term Loan, 9.35%, Maturing May 5, 2010	521,530
		Federal-Mogul Corp.
2,997,402		Revolving Loan, 5.43%, Maturing December 31, 2005 (2)	2,815,310
2,000,000		Term Loan, 6.18%, Maturing December 31, 2005	1,883,000
563,750		Term Loan, 7.43%, Maturing December 31, 2005	565,159
4,717,351		Revolving Loan, 7.43%, Maturing December 31, 2005 (2)	4,735,041
		Goodyear Tire & Rubber Co.
2,500,000		Revolving Loan, 0.00%, Maturing April 30, 2010 (2)	2,490,625
980,000		Term Loan, 4.67%, Maturing April 30, 2010	993,475
3,290,000		Term Loan, 6.32%, Maturing April 30, 2010	3,334,649
1,000,000		Term Loan, 7.07%, Maturing March 1, 2011	999,479
		HLI Operating Co., Inc.
1,523,528		Term Loan, 6.85%, Maturing June 3, 2009	1,544,160
750,000		Term Loan, 8.92%, Maturing June 3, 2010	761,250
		Key Automotive Group
3,439,647		Term Loan, 6.66%, Maturing June 29, 2010	3,465,444
		Metaldyne Corp.
1,056,551		Term Loan, 8.02%, Maturing December 31, 2009	1,052,259
		R.J. Tower Corp.
1,925,000		DIP Revolving Loan, 6.63%, Maturing February 2, 2007	1,953,274
		TI Automotive, Ltd.
748,300		Term Loan, 6.91%, Maturing June 30, 2011	731,931
		TRW Automotive, Inc.
2,985,000		Term Loan, 4.94%, Maturing October 31, 2010	3,014,850
3,014,359		Term Loan, 5.25%, Maturing June 30, 2012	3,049,528
		United Components, Inc.
1,578,949		Term Loan, 6.26%, Maturing June 30, 2010	1,606,088
			$	43,448,643
Beverage and Tobacco — 2.1%
		Alliance One International, Inc.
882,788		Term Loan, 6.73%, Maturing May 13, 2010	896,029
		Constellation Brands, Inc.
4,644,358		Term Loan, 5.30%, Maturing November 30, 2011	4,722,732
		Culligan International Co.
3,735,000		Term Loan, 6.07%, Maturing September 30, 2011	3,793,359
		National Dairy Holdings, L.P.
837,900		Term Loan, 5.67%, Maturing March 15, 2012	847,850
		National Distribution Company
875,000		Term Loan, 10.15%, Maturing June 22, 2010	877,187
		Southern Wine & Spirits of America
2,964,573		Term Loan, 4.99%, Maturing May 31, 2012	2,996,072
		Sunny Delight Beverages Co.
737,994		Term Loan, 7.95%, Maturing August 20, 2010	743,529
			$	14,876,758

Building and Development — 9.1%
		Biomed Realty, L.P.
$	3,385,000	Term Loan, 5.76%, Maturing May 31, 2010	$	3,389,231
		Formica Corp.
868,895		Term Loan, 8.61%, Maturing June 10, 2010	873,240
444,357		Term Loan, 8.61%, Maturing June 10, 2010	446,579
358,561		Term Loan, 8.61%, Maturing June 10, 2010	360,354
1,263,516		Term Loan, 8.62%, Maturing June 10, 2010	1,269,833
		FT-FIN Acquisition, LLC
1,383,412		Term Loan, 8.06%, Maturing November 17, 2007	1,386,870
		General Growth Properties, Inc.
7,683,929		Term Loan, 5.67%, Maturing November 12, 2008	7,783,497
		Hovstone Holdings, LLC
1,365,000		Term Loan, 5.94%, Maturing February 28, 2009	1,368,412
		Kyle Acquisition Group, LLC
571,217		Term Loan, 8.50%, Maturing July 20, 2008	579,071
528,783		Term Loan, 6.50%, Maturing July 20, 2010	536,054
		Landsource Communities, LLC
2,000,000		Term Loan, 6.13%, Maturing March 31, 2010	2,010,626
		LNR Property Corp.
1,399,850		Term Loan, 6.53%, Maturing February 3, 2008	1,400,725
4,752,855		Term Loan, 6.69%, Maturing February 3, 2008	4,805,050
		LNR Property Holdings
1,040,000		Term Loan, 8.19%, Maturing February 3, 2008	1,036,750
		Mueller Group, Inc.
2,826,870		Term Loan, 6.37%, Maturing April 23, 2011	2,851,605
		Newkirk Master, L.P.
4,540,000		Term Loan, 5.57%, Maturing August 11, 2008	4,616,612
		Nortek, Inc.
5,049,000		Term Loan, 5.91%, Maturing August 27, 2011	5,116,318
		Panolam Industries Holdings, Inc.
970,279		Term Loan, 6.75%, Maturing December 3, 2010	977,556
1,319,488		Term Loan, 11.00%, Maturing June 3, 2011	1,349,176
		Ply Gem Industries, Inc.
799,005		Term Loan, 5.60%, Maturing February 12, 2011	804,997
246,994		Term Loan, 6.16%, Maturing February 12, 2011	248,846
1,680,863		Term Loan, 6.16%, Maturing February 12, 2011	1,693,470
		South Edge, LLC
656,250		Term Loan, 5.31%, Maturing October 31, 2007	659,258
843,750		Term Loan, 5.56%, Maturing October 31, 2009	851,485
		St. Marys Cement, Inc.
5,927,330		Term Loan, 5.49%, Maturing December 4, 2010	6,005,127
		Stile Acquisition Corp.
1,509,926		Term Loan, 5.66%, Maturing April 6, 2013	1,515,589
		Stile U.S. Acquisition Corp.
1,512,499		Term Loan, 5.66%, Maturing April 6, 2013	1,518,171

		Te/Tousa Senior, LLC
$	1,200,000	Term Loan, 6.56%, Maturing August 1, 2008	$	1,221,000
		The Macerich Partnership, L.P.
1,550,000		Term Loan, 5.24%, Maturing July 30, 2007	1,551,937
1,350,000		Term Loan, 5.17%, Maturing April 25, 2010	1,355,062
		The Woodlands Community Property Co.
1,141,000		Term Loan, 5.76%, Maturing November 30, 2007	1,148,131
357,000		Term Loan, 7.76%, Maturing November 30, 2007	362,355
		Tousa/Kolter, LLC
2,305,000		Term Loan, 5.78%, Maturing January 7, 2008 (2)	2,316,525
		Trustreet Properties, Inc.
965,000		Term Loan, 5.51%, Maturing April 8, 2010	974,047
			$	64,383,559
Business Equipment and Services — 6.0%
		Acco Brands Corp.
730,000		Term Loan, 5.33%, Maturing August 17, 2012	740,950
		Allied Security Holdings, LLC
2,753,143		Term Loan, 7.24%, Maturing June 30, 2010	2,801,323
		Baker & Taylor, Inc.
2,000,000		Term Loan, 10.48%, Maturing May 6, 2011	2,025,000
		Buhrmann US, Inc.
1,463,923		Term Loan, 6.06%, Maturing December 31, 2010	1,492,287
		DynCorp International, LLC
1,366,575		Term Loan, 6.06%, Maturing February 11, 2011	1,385,650
		Global Imaging Systems, Inc.
498,741		Term Loan, 4.97%, Maturing May 10, 2010	502,637
		Info USA, Inc.
1,420,455		Term Loan, 5.99%, Maturing March 25, 2009	1,424,006
		Iron Mountain, Inc.
3,521,426		Term Loan, 5.63%, Maturing April 2, 2011	3,560,493
		Language Line, Inc.
4,557,000		Term Loan, 7.90%, Maturing June 11, 2011	4,608,267
		Mitchell International, Inc.
2,231,361		Term Loan, 6.24%, Maturing August 13, 2011	2,267,621
1,732,500		Term Loan, 9.34%, Maturing August 15, 2012	1,749,825
		Protection One, Inc.
1,029,300		Term Loan, 6.76%, Maturing April 18, 2011	1,044,096
		Quintiles Transnational Corp.
1,507,196		Term Loan, 5.24%, Maturing September 25, 2009	1,510,964
		Sungard Data Systems, Inc.
14,600,000		Term Loan, 6.28%, Maturing February 11, 2013	14,817,175
		Transaction Network Services, Inc.
1,261,837		Term Loan, 5.41%, Maturing May 4, 2012	1,277,610
		Western Inventory Services
575,000		Term Loan, 10.23%, Maturing October 14, 2011	580,750

		Williams Scotsman, Inc.
$	850,000	Term Loan, 6.31%, Maturing June 27, 2010	$	861,156
			$	42,649,810
Cable and Satellite Television — 7.7%
		Adelphia Communications Corp.
3,760,071		DIP Loan, 6.31%, Maturing March 31, 2006	3,769,471
		Atlantic Broadband Finance, LLC
4,000,000		Term Loan, 6.11%, Maturing September 1, 2011	4,075,000
		Bragg Communication, Inc.
2,192,850		Term Loan, 6.36%, Maturing August 31, 2011	2,218,890
		Bresnan Communications, LLC
1,884,762		Term Loan, 7.08%, Maturing September 30, 2010	1,918,688
		Canadian Cable Acquisition Co., Inc.
1,980,000		Term Loan, 6.49%, Maturing July 30, 2011	2,010,320
		Cebridge Connections, Inc.
1,979,950		Term Loan, 9.60%, Maturing February 23, 2010	1,999,749
		Charter Communications Operating, LLC
4,993,791		Term Loan, 6.68%, Maturing April 27, 2010	4,975,289
10,382,092		Term Loan, 6.93%, Maturing April 27, 2011	10,428,905
		Insight Midwest Holdings, LLC
985,000		Term Loan, 5.63%, Maturing December 31, 2009	999,591
		MCC Iowa, LLC
2,325,000		Term Loan, 4.72%, Maturing March 31, 2010	2,317,734
2,970,056		Term Loan, 5.44%, Maturing February 3, 2014	3,013,912
		Mediacom Illinois, LLC
4,129,250		Term Loan, 5.81%, Maturing March 31, 2013	4,195,706
		NTL, Inc.
5,000,000		Term Loan, 6.41%, Maturing April 13, 2012	5,042,915
		UGS Corp.
5,184,131		Term Loan, 5.67%, Maturing March 31, 2012	5,266,756
		UPC Broadband Holdings B.V.
2,660,000		Term Loan, 6.25%, Maturing September 30, 2012	2,688,885
			$	54,921,811
Chemicals and Plastics — 8.5%
		Brenntag AG
5,500,000		Term Loan, 6.81%, Maturing December 9, 2011	5,569,668
		Carmeuse Lime, Inc.
691,250		Term Loan, 5.50%, Maturing May 2, 2011	696,434
		Celanese Holdings, LLC
6,837,608		Term Loan, 5.74%, Maturing April 6, 2011	6,970,087
		Gentek, Inc.
649,924		Term Loan, 6.26%, Maturing February 25, 2011	656,180
895,000		Term Loan, 9.35%, Maturing February 25, 2012	884,260
		Hercules, Inc.
2,969,925		Term Loan, 5.31%, Maturing October 8, 2010	3,012,989

		Hexion Specialty Chemicals, Inc.
$	185,000	Term Loan, 3.16%, Maturing May 31, 2012	$	188,006
1,081,700		Term Loan, 6.19%, Maturing May 31, 2012	1,099,278
783,300		Term Loan, 6.38%, Maturing May 31, 2012	796,029
		Huntsman International, LLC
5,430,000		Term Loan, 5.32%, Maturing August 16, 2012	5,509,756
		Innophos, Inc.
3,011,500		Term Loan, 5.78%, Maturing August 13, 2010	3,046,635
		Invista B.V.
7,875,000		Term Loan, 4.84%, Maturing April 30, 2010	7,973,437
		Kraton Polymer, LLC
1,854,848		Term Loan, 6.29%, Maturing December 23, 2010	1,886,729
		Mosaic Co.
1,596,000		Term Loan, 5.22%, Maturing February 21, 2012	1,618,445
		Nalco Co.
6,416,248		Term Loan, 5.65%, Maturing November 4, 2010	6,527,030
		Niagara Acquisition, Inc.
583,538		Term Loan, 5.50%, Maturing February 11, 2012	591,196
		Professional Paint, Inc.
1,472,625		Term Loan, 6.80%, Maturing September 30, 2011	1,498,396
		Rockwood Specialties Group, Inc.
6,442,625		Term Loan, 5.93%, Maturing December 10, 2012	6,562,084
		Solo Cup Co.
5,434,799		Term Loan, 5.68%, Maturing February 27, 2011	5,499,338
			$	60,585,977
Clothing/Textiles — 1.0%
		Concentra Operating Corp.
2,594,336		Term Loan, 6.03%, Maturing June 30, 2009	2,631,630
		Propex Fabrics, Inc.
390,000		Term Loan, 5.74%, Maturing December 31, 2011	390,975
		SI Corp.
1,761,688		Term Loan, 7.49%, Maturing December 9, 2009	1,774,900
		St. John Knits International, Inc.
897,750		Term Loan, 6.00%, Maturing March 23, 2012	908,972
		The William Carter Co.
1,030,000		Term Loan, 5.71%, Maturing July 14, 2012	1,045,450
			$	6,751,927
Conglomerates — 3.3%
		Amsted Industries, Inc.
2,530,595		Term Loan, 6.14%, Maturing October 15, 2010	2,569,610
		Blount, Inc.
652,322		Term Loan, 6.20%, Maturing August 9, 2010	663,738

		Euramax International, Inc.
$	800,000	Term Loan, 6.13%, Maturing June 28, 2012	$	806,166
501,316		Term Loan, 10.55%, Maturing June 28, 2013	508,836
248,684		Term Loan, 10.55%, Maturing June 28, 2013	252,414
		Goodman Global Holdings, Inc.
1,333,300		Term Loan, 5.88%, Maturing December 23, 2011	1,353,717
		Johnson Diversey, Inc.
2,650,888		Term Loan, 5.44%, Maturing November 30, 2009	2,684,438
1,310,000		Term Loan, 5.46%, Maturing November 30, 2009	1,324,737
		Penn Engineering & Manufacturing Corp.
575,000		Term Loan, 5.97%, Maturing May 25, 2011	580,750
		Polymer Group, Inc.
3,653,333		Term Loan, 6.73%, Maturing April 27, 2010	3,724,877
2,500,000		Term Loan, 9.73%, Maturing April 27, 2011	2,558,332
		PP Acquisition Corp.
4,217,694		Term Loan, 5.92%, Maturing November 12, 2011	4,242,295
		Rexnord Corp.
1,965,928		Term Loan, 6.13%, Maturing December 31, 2011	1,996,646
			$	23,266,556
Containers and Glass Products — 6.9%
		Berry Plastics Corp.
2,898,423		Term Loan, 5.60%, Maturing June 30, 2010	2,947,696
		BWAY Corp.
5,911,080		Term Loan, 6.00%, Maturing June 30, 2011	6,004,363
		Dr. Pepper/Seven Up Bottling Group, Inc.
4,184,950		Term Loan, 5.35%, Maturing December 19, 2010	4,250,863
		Graham Packaging Holdings Co.
5,373,000		Term Loan, 6.03%, Maturing October 7, 2011	5,465,910
2,000,000		Term Loan, 7.75%, Maturing April 7, 2012	2,055,000
		Graphic Packaging International, Inc.
9,180,884		Term Loan, 6.03%, Maturing August 8, 2009	9,341,549
		IPG (US), Inc.
3,275,250		Term Loan, 5.72%, Maturing July 28, 2011	3,338,027
		Kranson Industries, Inc.
2,583,900		Term Loan, 6.24%, Maturing July 30, 2011	2,616,199
		Owens-Illinois, Inc.
2,907,870		Term Loan, 5.33%, Maturing April 1, 2007	2,933,314
2,586,212		Term Loan, 5.45%, Maturing April 1, 2008	2,613,690
		Smurfit-Stone Container Corp.
656,041		Term Loan, 3.09%, Maturing November 1, 2010	665,608
1,658,158		Term Loan, 5.44%, Maturing November 1, 2011	1,682,685
5,216,736		Term Loan, 5.50%, Maturing November 1, 2011	5,293,902
			$	49,208,806

Cosmetics/Toiletries — 0.8%
		American Safety Razor Co.
$	1,009,925	Term Loan, 6.61%, Maturing February 28, 2012	$	1,022,549
		Prestige Brands, Inc.
2,473,712		Term Loan, 6.32%, Maturing April 7, 2011	2,497,418
		Revlon Consumer Products Corp.
1,859,375		Term Loan, 9.53%, Maturing July 9, 2010	1,926,197
			$	5,446,164
Drugs — 0.7%
		Warner Chilcott Corp.
1,303,893		Term Loan, 6.36%, Maturing January 18, 2012	1,319,027
602,362		Term Loan, 6.36%, Maturing January 18, 2012	609,353
3,235,858		Term Loan, 6.41%, Maturing January 18, 2012	3,273,417
			$	5,201,797
Ecological Services and Equipment — 1.6%
		Alderwoods Group, Inc.
1,042,789		Term Loan, 5.50%, Maturing September 29, 2009	1,058,431
		Allied Waste Industries, Inc.
1,517,663		Term Loan, 4.87%, Maturing January 15, 2010	1,533,155
3,976,180		Term Loan, 5.54%, Maturing January 15, 2012	4,016,396
		Envirocare of Utah, LLC
1,700,568		Term Loan, 6.11%, Maturing April 15, 2010	1,731,391
		Environmental Systems Products Holdings, Inc.
2,161,169		Term Loan, 7.12%, Maturing December 12, 2008	2,203,042
		Sensus Metering Systems, Inc.
865,129		Term Loan, 6.44%, Maturing December 17, 2010	875,582
129,769		Term Loan, 6.44%, Maturing December 17, 2010	131,337
			$	11,549,334
Electronics/Electrical — 3.4%
		AMI Semiconductor, Inc.
1,321,688		Term Loan, 7.56%, Maturing April 1, 2012	1,329,397
		Communications & Power, Inc.
1,775,550		Term Loan, 6.03%, Maturing July 23, 2010	1,805,882
		Enersys Capital, Inc.
1,980,000		Term Loan, 5.53%, Maturing March 17, 2011	1,993,613
		Fairchild Semiconductor Corp.
1,368,107		Term Loan, 5.35%, Maturing December 31, 2010	1,383,498
		Invensys International Holdings Ltd.
4,967,007		Term Loan, 6.88%, Maturing September 5, 2009	5,035,303
		Rayovac Corp.
4,164,563		Term Loan, 5.58%, Maturing February 7, 2012	4,227,031
		Security Co., Inc.
990,000		Term Loan, 7.50%, Maturing June 30, 2010	999,900
3,000,000		Term Loan, 11.25%, Maturing June 30, 2011	3,045,000

		Telcordia Technologies, Inc.
$	2,194,500	Term Loan, 6.61%, Maturing September 15, 2012	$	2,194,500
		Vertafore, Inc.
1,013,206		Term Loan, 6.55%, Maturing December 22, 2010	1,024,604
500,000		Term Loan, 9.51%, Maturing December 22, 2011	511,250
		Viasystems, Inc.
743,133		Term Loan, 7.64%, Maturing September 30, 2009	750,564
			$	24,300,542
Equipment Leasing — 1.2%
		Ashtead Group, PLC
3,000,000		Term Loan, 6.06%, Maturing November 12, 2009	3,048,126
		Maxim Crane Works, L.P.
1,565,000		Term Loan, 8.94%, Maturing January 28, 2012	1,619,775
		United Rentals, Inc.
334,029		Term Loan, 3.36%, Maturing February 14, 2011	337,996
3,134,232		Term Loan, 5.92%, Maturing February 14, 2011	3,171,451
			$	8,177,348
Farming/Agriculture — 0.1%
		Central Garden & Pet Co.
611,898		Term Loan, 5.38%, Maturing May 15, 2009	620,694
			$	620,694
Financial Intermediaries — 2.8%
		AIMCO Properties, L.P.
1,450,000		Term Loan, 5.16%, Maturing November 2, 2009	1,469,031
500,000		Term Loan, 5.54%, Maturing November 2, 2009	508,594
		Coinstar, Inc.
5,025,441		Term Loan, 5.55%, Maturing July 7, 2011	5,100,823
		Corrections Corp. of America
1,218,764		Term Loan, 5.35%, Maturing March 31, 2008	1,239,330
		Fidelity National Information Solutions, Inc.
7,155,225		Term Loan, 5.32%, Maturing March 9, 2013	7,173,113
		Refco Group Ltd., LLC
4,654,500		Term Loan, 5.67%, Maturing August 5, 2011	4,712,099
			$	20,202,990
Food Products — 2.3%
		Acosta Sales Co., Inc.
3,431,000		Term Loan, 5.51%, Maturing August 13, 2010	3,483,539
		Atkins Nutritional, Inc.
945,596		Term Loan, 8.25%, Maturing November 26, 2009 (3)	712,979
		Chiquita Brands, LLC
765,000		Term Loan, 6.19%, Maturing June 28, 2012	778,388
		Del Monte Corp.
977,550		Term Loan, 5.18%, Maturing February 8, 2012	991,114

		Doane Pet Care Co.
$	2,168,613	Term Loan, 7.41%, Maturing November 5, 2009	$	2,177,649
		Dole Food Co., Inc.
1,216,513		Term Loan, 5.38%, Maturing April 18, 2012	1,232,861
		Herbalife International, Inc.
434,375		Term Loan, 5.41%, Maturing December 21, 2010	440,348
		Michael Foods, Inc.
2,300,000		Term Loan, 6.59%, Maturing November 21, 2011	2,358,938
		Pinnacle Foods Holdings Corp.
1,979,950		Term Loan, 6.76%, Maturing November 25, 2010	2,005,319
		Reddy Ice Group, Inc.
2,190,000		Term Loan, 5.32%, Maturing August 9, 2012	2,212,585
			$	16,393,720
Food Service — 3.5%
		AFC Enterprises, Inc.
910,000		Term Loan, 5.75%, Maturing May 11, 2011	921,375
		Arby’s Restaurant Group, Inc.
375,000		Term Loan, 5.73%, Maturing July 25, 2012	379,805
		Buffets, Inc.
1,000,000		Term Loan, 6.78%, Maturing June 28, 2009	1,010,000
1,288,495		Term Loan, 7.16%, Maturing June 28, 2009	1,301,380
		Burger King Corp.
1,025,000		Term Loan, 5.38%, Maturing June 30, 2012	1,042,206
		Carrols Corp.
601,975		Term Loan, 6.00%, Maturing December 31, 2010	611,882
		CKE Restaurants, Inc.
2,517,785		Term Loan, 5.63%, Maturing May 1, 2010	2,542,963
		Denny’s, Inc.
2,537,261		Term Loan, 6.86%, Maturing September 21, 2009	2,598,315
		Domino’s, Inc.
7,044,450		Term Loan, 5.25%, Maturing June 25, 2010	7,164,790
		Gate Gourmet Borrower, LLC
481,561		Term Loan, 10.06%, Maturing December 31, 2008	476,746
1,053,222		Term Loan, 9.50%, Maturing December 31, 2009 (3)	1,011,094
		Jack in the Box, Inc.
987,469		Term Loan, 5.33%, Maturing January 8, 2011	1,000,429
		Ruth’s Chris Steak House, Inc.
287,381		Term Loan, 8.50%, Maturing March 11, 2011	288,099
		Weight Watchers International, Inc.
4,466,250		Term Loan, 5.11%, Maturing March 31, 2010	4,516,495
			$	24,865,579

Food/Drug Retailers — 2.7%
		General Nutrition Centers, Inc.
$	1,017,467	Term Loan, 6.59%, Maturing December 7, 2009	$	1,030,185
		Giant Eagle, Inc.
4,564,356		Term Loan, 5.16%, Maturing August 6, 2009	4,627,116
		Rite Aid Corp.
6,939,925		Term Loan, 5.36%, Maturing September 22, 2009	7,003,543
		The Jean Coutu Group (PJC), Inc.
6,039,000		Term Loan, 5.94%, Maturing July 30, 2011	6,139,024
		The Pantry, Inc.
481,073		Term Loan, 5.92%, Maturing March 12, 2011	488,589
			$	19,288,457
Forest Products — 3.0%
		Appleton Papers, Inc.
3,728,400		Term Loan, 5.64%, Maturing June 11, 2010	3,772,675
		Boise Cascade Holdings, LLC
4,632,657		Term Loan, 5.31%, Maturing October 29, 2011	4,708,230
		Buckeye Technologies, Inc.
2,296,842		Term Loan, 5.54%, Maturing April 15, 2010	2,324,594
		Escanaba Timber, LLC
650,000		Term Loan, 6.43%, Maturing May 2, 2008	659,750
		Koch Cellulose, LLC
1,088,377		Term Loan, 5.01%, Maturing May 7, 2011	1,103,116
3,536,570		Term Loan, 5.24%, Maturing May 7, 2011	3,584,463
		NewPage Corp.
2,900,000		Term Loan, 6.58%, Maturing May 2, 2011	2,947,125
		RLC Industries Co.
1,304,379		Term Loan, 4.99%, Maturing February 24, 2010	1,313,347
		Xerium Technologies, Inc.
995,000		Term Loan, 5.07%, Maturing May 18, 2012	1,009,614
			$	21,422,914
Healthcare — 7.9%
		Alliance Imaging, Inc.
500,000		Term Loan, 5.94%, Maturing December 29, 2011	506,979
		AMR HoldCo, Inc.
860,675		Term Loan, 5.89%, Maturing February 10, 2012	874,930
		Carl Zeiss Topco GMBH
410,000		Term Loan, 6.24%, Maturing February 28, 2013	411,558
820,000		Term Loan, 6.74%, Maturing February 28, 2014	827,216
375,000		Term Loan, 8.99%, Maturing August 31, 2014	381,328
		Colgate Medical, Ltd.
581,340		Term Loan, 5.48%, Maturing December 30, 2008	587,516
		Community Health Systems, Inc.
9,661,020		Term Loan, 5.61%, Maturing August 19, 2011	9,806,940

		Cross Country Healthcare, Inc.
$	246,637	Term Loan, 7.02%, Maturing June 5, 2009	$	247,254
		Encore Medical IHC, Inc.
1,669,292		Term Loan, 6.48%, Maturing October 4, 2010	1,694,331
		Envision Worldwide, Inc.
1,388,333		Term Loan, 8.56%, Maturing September 30, 2010	1,395,275
		Express Scripts, Inc.
2,969,925		Term Loan, 5.07%, Maturing February 13, 2010	2,999,624
		FHC Health Systems, Inc.
2,000,000		Term Loan, 12.23%, Maturing February 7, 2011	2,040,000
		Genoa Healthcare Group, LLC
500,000		Term Loan, 8.75%, Maturing August 12, 2012	508,125
		Hanger Orthopedic Group, Inc.
2,474,808		Term Loan, 6.99%, Maturing September 30, 2009	2,521,211
		Healthcare Partners, LLC
449,313		Term Loan, 5.82%, Maturing March 2, 2011	453,104
		Healthsouth Corp.
1,030,000		Term Loan, 6.15%, Maturing June 14, 2007	1,040,622
285,000		Term Loan, 3.09%, Maturing March 21, 2010	287,939
		Iasis Healthcare, LLC
3,960,000		Term Loan, 5.77%, Maturing June 22, 2011	4,022,584
		Kinetic Concepts, Inc.
1,482,724		Term Loan, 5.24%, Maturing August 11, 2009	1,502,185
		Knowledge Learning Corp.
3,143,778		Term Loan, 5.99%, Maturing January 7, 2012	3,167,356
		Leiner Health Products, Inc.
2,475,000		Term Loan, 6.38%, Maturing May 27, 2011	2,431,688
		Lifepoint Hospitals, Inc.
4,641,713		Term Loan, 5.20%, Maturing April 15, 2012	4,694,763
		Magellan Health Services, Inc.
2,162,162		Term Loan, 3.43%, Maturing August 15, 2008	2,186,486
3,189,189		Term Loan, 5.86%, Maturing August 15, 2008	3,225,068
		Medcath Holdings Corp.
1,549,350		Term Loan, 5.50%, Maturing July 2, 2011	1,570,170
		National Mentor, Inc.
908,851		Term Loan, 6.25%, Maturing September 30, 2011	920,779
		Select Medical Holding Corp.
1,605,975		Term Loan, 5.57%, Maturing February 24, 2012	1,613,335
		Talecris Biotherapeutics, Inc.
1,122,188		Term Loan, 7.09%, Maturing March 31, 2010	1,122,188
		Team Health, Inc.
500,000		Term Loan, 6.24%, Maturing March 23, 2011	502,500
		Vanguard Health Holding Co., LLC
1,364,688		Term Loan, 6.74%, Maturing September 23, 2011	1,383,168
		VWR International, Inc.
1,246,000		Term Loan, 6.14%, Maturing April 7, 2011	1,264,690
			$	56,190,912

Home Furnishings — 2.2%
		Jarden Corp.
$	1,300,000	Term Loan, 5.27%, Maturing January 24, 2012	$	1,309,263
3,294,512		Term Loan, 5.51%, Maturing January 24, 2012	3,325,398
		Knoll, Inc.
2,977,412		Term Loan, 6.52%, Maturing September 30, 2011	3,003,464
		Sealy Mattress Co.
2,586,106		Term Loan, 5.24%, Maturing April 6, 2012	2,621,262
		Simmons Co.
5,291,796		Term Loan, 5.94%, Maturing December 19, 2011	5,373,379
			$	15,632,766
Industrial Equipment — 1.2%
		Alliance Laundry Holdings, LLC
575,250		Term Loan, 5.80%, Maturing January 27, 2012	584,778
		Douglas Dynamics Holdings, Inc.
1,012,029		Term Loan, 5.48%, Maturing December 16, 2010	1,024,680
		Flowserve Corp.
2,400,000		Term Loan, 5.62%, Maturing August 10, 2012	2,433,900
		Gleason Corp.
541,101		Term Loan, 6.46%, Maturing July 27, 2011	546,963
1,990,000		Term Loan, 8.99%, Maturing January 31, 2012	2,024,825
		Itron, Inc.
436,331		Term Loan, 5.90%, Maturing December 17, 2010	441,512
		Mainline, L.P.
1,370,056		Term Loan, 5.82%, Maturing December 17, 2011	1,376,906
			$	8,433,564
Insurance — 1.5%
		Alliant Resources Group, Inc.
1,489,950		Term Loan, 6.88%, Maturing August 31, 2011	1,504,850
		CCC Information Services Group
2,690,540		Term Loan, 6.42%, Maturing August 20, 2010	2,730,898
		Conseco, Inc.
3,651,452		Term Loan, 5.57%, Maturing June 22, 2010	3,698,238
		U.S.I. Holdings Corp.
972,594		Term Loan, 6.18%, Maturing August 11, 2008	976,850
1,388,025		Term Loan, 6.18%, Maturing August 11, 2008	1,394,098
			$	10,304,934
Leisure Goods/Activities/Movies — 7.8%
		24 Hour Fitness Worldwide, Inc.
1,865,000		Term Loan, 6.78%, Maturing June 8, 2012	1,897,056
		Alliance Atlantis Communications, Inc.
696,255		Term Loan, 5.41%, Maturing December 20, 2011	706,699
		Cinemark, Inc.
4,942,450		Term Loan, 5.18%, Maturing March 31, 2011	5,016,587

		Fender Musical Instruments Co.
$	785,000	Term Loan, 8.10%, Maturing March 30, 2012	$	800,700
		Loews Cineplex Entertainment Corp.
8,472,987		Term Loan, 5.88%, Maturing July 30, 2011	8,546,464
		Metro-Goldwyn-Mayer Holdings
11,220,000		Term Loan, 5.74%, Maturing April 8, 2012	11,374,275
		Regal Cinemas Corp.
9,607,482		Term Loan, 5.49%, Maturing November 10, 2010	9,727,575
		Six Flags Theme Parks, Inc.
8,023,077		Term Loan, 6.36%, Maturing June 30, 2008	8,117,517
		Universal City Development Partners, Ltd.
2,069,600		Term Loan, 5.69%, Maturing June 9, 2011	2,101,507
		WMG Acquisition Corp.
6,471,665		Term Loan, 5.70%, Maturing February 28, 2011	6,547,940
		Yankees Holdings & YankeeNets, LLC
628,571		Term Loan, 5.78%, Maturing June 25, 2007	634,857
			$	55,471,177
Lodging and Casinos — 4.2%
		Alliance Gaming Corp.
2,791,058		Term Loan, 6.77%, Maturing September 5, 2009	2,796,727
		Ameristar Casinos, Inc.
563,495		Term Loan, 5.50%, Maturing December 20, 2006	566,312
		Argosy Gaming Co.
2,357,188		Term Loan, 7.00%, Maturing June 30, 2011	2,365,044
		CCM Merger, Inc.
1,095,000		Term Loan, 5.69%, Maturing April 25, 2012	1,109,144
		CNL Hospitality Partners, L.P.
323,500		Term Loan, 6.07%, Maturing October 13, 2006	324,309
		CNL Resort Hotel, L.P.
1,750,000		Term Loan, 6.56%, Maturing August 18, 2006	1,754,375
		Globalcash Access, LLC
813,880		Term Loan, 5.92%, Maturing March 10, 2010	826,852
		Isle of Capri Casinos, Inc.
2,517,350		Term Loan, 5.28%, Maturing February 4, 2012	2,548,031
		Marina District Finance Co., Inc.
4,552,125		Term Loan, 4.99%, Maturing October 14, 2011	4,595,748
		Pinnacle Entertainment, Inc.
1,600,000		Term Loan, 6.67%, Maturing August 27, 2010	1,619,000
1,733,440		Term Loan, 6.67%, Maturing August 27, 2010 (2)	1,739,940
		Resorts International Holdings, LLC
1,197,785		Term Loan, 6.20%, Maturing April 26, 2012	1,213,057
1,505,000		Term Loan, 9.42%, Maturing April 26, 2013	1,511,115

		Seminole Tribe of Florida
$	700,000	Term Loan, 5.38%, Maturing September 30, 2011	$	711,375
		Venetian Casino Resort, LLC
3,770,887		Term Loan, 5.24%, Maturing June 15, 2011	3,818,905
777,502		Term Loan, 5.46%, Maturing June 15, 2011	787,403
		Wynn Las Vegas, LLC
1,370,000		Term Loan, 5.80%, Maturing December 14, 2011	1,389,051
			$	29,676,388
Nonferrous Metals/Minerals — 2.2%
		Foundation Coal Corp.
5,719,628		Term Loan, 5.55%, Maturing July 30, 2011	5,824,486
		ICG, LLC
942,875		Term Loan, 6.43%, Maturing November 5, 2010	947,589
		International Mill Service, Inc.
2,000,000		Term Loan, 9.42%, Maturing October 26, 2011	2,030,000
		Longyear Holdings, Inc.
452,000		Term Loan, 6.17%, Maturing July 28, 2012	459,910
113,000		Term Loan, 6.17%, Maturing July 28, 2012	114,978
		Murray Energy Corp.
975,100		Term Loan, 6.86%, Maturing January 28, 2010	980,585
		Novelis, Inc.
1,246,154		Term Loan, 5.46%, Maturing January 6, 2012	1,263,873
2,167,788		Term Loan, 5.46%, Maturing January 6, 2012	2,198,612
		Stillwater Mining Co.
417,594		Term Loan, 6.94%, Maturing July 30, 2010	425,685
		Trout Coal Holdings, LLC
1,600,000		Term Loan, 8.50%, Maturing March 23, 2012	1,615,333
			$	15,861,051
Oil and Gas — 7.0%
		Coffeyville Resources, LLC
850,000		Term Loan, 10.31%, Maturing June 24, 2013	875,500
		Dresser Rand Group, Inc.
2,878,201		Term Loan, 5.45%, Maturing October 29, 2011	2,931,269
		Dresser, Inc.
2,873,171		Term Loan, 5.99%, Maturing March 31, 2007	2,904,296
		Dynegy Holdings, Inc.
6,932,481		Term Loan, 7.54%, Maturing May 28, 2010	6,977,251
		El Paso Corp.
2,205,750		Term Loan, 5.27%, Maturing November 23, 2009	2,235,314
3,632,135		Term Loan, 6.44%, Maturing November 23, 2009	3,690,652
		Energy Transfer Company, L.P.
1,795,000		Term Loan, 6.47%, Maturing June 16, 2012	1,820,354
		Getty Petroleum Marketing, Inc.
4,187,154		Term Loan, 6.92%, Maturing May 19, 2010	4,197,622

		Kerr-McGee Corp.
$	2,615,000	Term Loan, 5.85%, Maturing May 24, 2007	$	2,625,973
4,750,000		Term Loan, 6.14%, Maturing May 24, 2011	4,781,174
		Key Energy Services, Inc.
1,335,000		Term Loan, 0.00%, Maturing June 30, 2012 (2)	1,357,112
		LB Pacific, L.P.
1,132,163		Term Loan, 6.34%, Maturing March 3, 2012	1,151,975
		Lyondell-Citgo Refining, L.P.
3,465,000		Term Loan, 5.51%, Maturing May 21, 2007	3,519,141
		Petrohawk Energy Corp.
2,050,000		Term Loan, 6.50%, Maturing July 28, 2010 (2)	2,075,625
		Pride Offshore, Inc.
826,258		Term Loan, 5.31%, Maturing July 7, 2011	840,030
		Universal Compression, Inc.
1,150,000		Term Loan, 5.24%, Maturing February 15, 2012	1,165,813
		Williams Production RMT Co.
6,432,198		Term Loan, 5.83%, Maturing May 30, 2008	6,528,681
			$	49,677,782
Publishing — 7.2%
		American Media Operations, Inc.
997,396		Term Loan, 6.25%, Maturing April 1, 2008	1,011,317
		CBD Media, LLC
4,122,550		Term Loan, 6.06%, Maturing December 31, 2009	4,189,541
		Dex Media East, LLC
4,229,247		Term Loan, 5.35%, Maturing May 8, 2009	4,288,985
		Dex Media West, LLC
3,994,738		Term Loan, 5.32%, Maturing March 9, 2010	4,052,390
		Freedom Communications Holdings, Inc.
1,967,555		Term Loan, 4.83%, Maturing May 18, 2012	1,993,379
		Herald Media, Inc.
1,000,000		Term Loan, 8.99%, Maturing January 22, 2012	1,010,000
		Journal Register Co.
5,000,000		Term Loan, 5.13%, Maturing August 12, 2012	5,047,655
		Lamar Media Corp.
2,134,123		Term Loan, 5.31%, Maturing June 30, 2010	2,148,528
		Liberty Group Operating, Inc.
1,487,397		Term Loan, 5.81%, Maturing February 28, 2012	1,503,821
		Medianews Group, Inc.
560,591		Term Loan, 5.17%, Maturing August 25, 2010	563,745
		Merrill Communications, LLC
5,495,541		Term Loan, 6.17%, Maturing February 9, 2009	5,569,390
		Morris Publishing Group, LLC
2,935,250		Term Loan, 5.25%, Maturing March 31, 2011	2,972,859

		Nebraska Book Co., Inc.
$	1,473,807	Term Loan, 5.88%, Maturing March 4, 2011	$	1,488,545
		Newspaper Holdings, Inc.
2,400,000		Term Loan, 5.15%, Maturing August 24, 2011	2,408,251
		R.H. Donnelley Corp.
203,768		Term Loan, 5.31%, Maturing December 31, 2009	206,188
9,851,743		Term Loan, 5.20%, Maturing June 30, 2011	9,999,046
		Source Media, Inc.
496,000		Term Loan, 5.74%, Maturing August 30, 2012	503,440
250,000		Term Loan, 8.87%, Maturing August 30, 2012	254,297
		Xerox Corp.
2,000,000		Term Loan, 5.43%, Maturing September 30, 2008	2,018,750
			$	51,230,127
Radio and Television — 6.0%
		Adams Outdoor Advertising, L.P.
3,750,956		Term Loan, 5.64%, Maturing October 15, 2011	3,803,312
		ALM Media Holdings, Inc.
1,197,000		Term Loan, 5.99%, Maturing March 5, 2010	1,200,990
		CanWest Media, Inc.
1,715,352		Term Loan, 5.82%, Maturing August 15, 2009	1,739,654
		DirecTV Holdings, LLC
3,993,333		Term Loan, 5.09%, Maturing April 13, 2013	4,040,399
		Emmis Operating Co.
2,977,500		Term Loan, 5.32%, Maturing November 10, 2011	3,004,298
		Entravision Communications Co.
2,500,000		Term Loan, 4.84%, Maturing February 27, 2012	2,510,938
		Gray Television, Inc.
1,570,000		Term Loan, 5.01%, Maturing December 31, 2012	1,581,775
		NEP Supershooters, L.P.
1,898,008		Term Loan, 11.48%, Maturing August 3, 2011	1,888,518
		Nexstar Broadcasting, Inc.
2,043,211		Term Loan, 5.24%, Maturing October 1, 2012	2,062,366
2,156,789		Term Loan, 5.24%, Maturing October 1, 2012	2,177,009
		PanAmSat Corp.
6,914,661		Term Loan, 5.65%, Maturing August 20, 2011	7,003,687
		Rainbow National Services, LLC
3,591,000		Term Loan, 6.62%, Maturing March 31, 2012	3,623,545
		Raycom TV Broadcasting, Inc.
2,000,000		Term Loan, 4.94%, Maturing October 6, 2011	2,012,500
4,000,000		Term Loan, 5.50%, Maturing February 24, 2012	4,040,000
		Spanish Broadcasting System
1,300,000		Term Loan, 7.51%, Maturing June 10, 2013	1,319,500
		Young Broadcasting, Inc.
815,000		Term Loan, 5.77%, Maturing November 3, 2012	823,829
			$	42,832,320

Rail Industries — 0.8%
		Kansas City Southern Railway Co.
$	761,175	Term Loan, 5.16%, Maturing March 30, 2008	$	772,989
		Railamerica, Inc.
4,103,514		Term Loan, 5.88%, Maturing September 29, 2011	4,178,744
485,075		Term Loan, 5.88%, Maturing September 29, 2011	493,968
			$	5,445,701
Retailers (Except Food and Drug) — 5.0%
		Advance Stores Company, Inc.
164,337		Term Loan, 5.31%, Maturing September 30, 2010	166,802
97,199		Term Loan, 5.34%, Maturing September 30, 2010	98,657
		Alimentation Couche-Tard, Inc.
3,636,316		Term Loan, 5.38%, Maturing December 17, 2010	3,681,770
		American Achievement Corp.
2,249,446		Term Loan, 6.02%, Maturing March 25, 2011	2,281,781
		Amscan Holdings, Inc.
990,000		Term Loan, 6.40%, Maturing April 30, 2012	1,001,138
		FTD, Inc.
1,617,531		Term Loan, 5.74%, Maturing February 28, 2011	1,639,772
		Harbor Freight Tools USA, Inc.
2,481,254		Term Loan, 6.27%, Maturing July 15, 2010	2,514,130
		Home Interiors & Gifts, Inc.
2,893,701		Term Loan, 8.38%, Maturing March 31, 2011	2,691,142
		Josten’s Corp.
5,491,000		Term Loan, 5.94%, Maturing October 4, 2010	5,582,974
900,000		Term Loan, 6.00%, Maturing October 4, 2010	906,000
		Mapco Express, Inc.
677,000		Term Loan, 6.21%, Maturing April 28, 2011	687,578
		Movie Gallery, Inc.
1,185,000		Term Loan, 6.49%, Maturing April 27, 2011	1,191,878
		Oriental Trading Co., Inc.
2,225,042		Term Loan, 5.75%, Maturing August 4, 2010	2,238,948
		Rent-A-Center, Inc.
3,969,925		Term Loan, 5.34%, Maturing June 30, 2010	4,016,075
		Riddell Bell Holdings, Inc.
992,500		Term Loan, 5.99%, Maturing September 30, 2011	1,009,662
		Savers, Inc.
747,986		Term Loan, 6.41%, Maturing August 4, 2009	753,596
1,500,000		Term Loan, 10.48%, Maturing August 4, 2010	1,526,250
		Travelcenters of America, Inc.
3,440,000		Term Loan, 5.26%, Maturing November 30, 2008	3,485,687
			$	35,473,840

Surface Transport — 0.8%
		Horizon Lines, LLC
$	2,994,750	Term Loan, 5.99%, Maturing July 7, 2011	$	3,040,920
		Sirva Worldwide, Inc.
2,524,118		Term Loan, 6.53%, Maturing December 1, 2010	2,427,361
			$	5,468,281
Telecommunications — 5.8%
		AAT Communications Corp.
1,370,000		Term Loan, 6.61%, Maturing July 29, 2013	1,396,544
		Alaska Communications Systems Holdings, Inc.
1,105,000		Term Loan, 5.49%, Maturing February 1, 2011	1,121,114
		American Tower, L.P.
1,256,850		Term Loan, 4.96%, Maturing August 31, 2011	1,270,465
		Cellular South, Inc.
1,732,500		Term Loan, 5.45%, Maturing May 4, 2011	1,748,742
		Centennial Cellular Operating Co., LLC
4,937,343		Term Loan, 5.70%, Maturing February 9, 2011	5,021,984
		Consolidated Communications, Inc.
3,951,651		Term Loan, 5.93%, Maturing July 27, 2015	4,015,866
		D&E Communications, Inc.
1,479,751		Term Loan, 5.74%, Maturing December 31, 2011	1,492,699
		Fairpoint Communications, Inc.
2,485,000		Term Loan, 5.55%, Maturing February 8, 2012	2,515,287
		Hawaiian Telcom Communications, Inc.
830,000		Term Loan, 5.73%, Maturing October 31, 2012	841,802
		Iowa Telecommunications Services, Inc.
688,000		Term Loan, 5.25%, Maturing November 23, 2011	696,313
		IPC Acquisition Corp.
520,000		Term Loan, 6.31%, Maturing August 5, 2011	527,150
		Madison River Capital, LLC
600,000		Term Loan, 6.04%, Maturing July 29, 2012	610,875
		NTelos, Inc.
1,348,225		Term Loan, 6.17%, Maturing February 18, 2011	1,361,876
		Qwest Corp.
4,000,000		Term Loan, 8.53%, Maturing June 4, 2007	4,134,168
		SBA Senior Finance, Inc.
4,459,962		Term Loan, 5.58%, Maturing October 31, 2008	4,503,634
		Spectrasite Communications, Inc.
2,511,380		Term Loan, 4.91%, Maturing May 19, 2012	2,540,155
		Stratos Global Corp.
1,128,000		Term Loan, 5.74%, Maturing December 3, 2010	1,132,230
		Triton PCS, Inc.
1,706,425		Term Loan, 6.92%, Maturing November 18, 2009	1,721,356

		Valor Telecom Enterprise, LLC
$	2,642,315	Term Loan, 5.55%, Maturing February 14, 2012	$	2,678,882
		Westcom Corp.
952,148		Term Loan, 6.43%, Maturing December 17, 2010	959,290
1,000,000		Term Loan, 10.68%, Maturing May 17, 2011	1,022,500
			$	41,312,932
Utilities — 3.7%
		Allegheny Energy Supply Co., LLC
4,632,082		Term Loan, 5.35%, Maturing March 8, 2011	4,699,247
		Cellnet Technology, Inc.
655,000		Term Loan, 6.68%, Maturing April 26, 2012	659,913
		Cogentrix Delaware Holdings, Inc.
1,941,158		Term Loan, 5.24%, Maturing January 14, 2012	1,966,232
		Covanta Energy Corp.
1,160,976		Term Loan, 3.36%, Maturing June 24, 2012	1,181,293
939,024		Term Loan, 6.46%, Maturing June 24, 2012	955,457
800,000		Term Loan, 9.05%, Maturing June 24, 2013	806,000
		KGen, LLC
997,500		Term Loan, 6.12%, Maturing August 5, 2011	995,006
		La Paloma Generating Co., LLC
29,262		Term Loan, 0.00%, Maturing August 16, 2012 (2)	29,747
55,738		Term Loan, 3.51%, Maturing August 16, 2012	56,661
340,000		Term Loan, 5.46%, Maturing August 16, 2012	345,631
		NRG Energy, Inc.
2,503,114		Term Loan, 3.39%, Maturing December 24, 2011	2,535,447
3,199,820		Term Loan, 5.37%, Maturing December 24, 2011	3,241,153
		Pike Electric, Inc.
2,311,847		Term Loan, 5.81%, Maturing July 1, 2012	2,340,745
628,113		Term Loan, 5.88%, Maturing July 1, 2012	635,965
		Plains Resources, Inc.
700,000		Term Loan, 5.85%, Maturing December 17, 2010	710,938
		Reliant Energy, Inc.
1,768,980		Term Loan, 6.08%, Maturing December 22, 2010	1,787,084
		Texas Genco, LLC
978,510		Term Loan, 5.41%, Maturing December 14, 2011	994,946
2,363,084		Term Loan, 5.42%, Maturing December 14, 2011	2,402,777
			$	26,344,242
Total Senior, Floating Rate Interests (identified cost $985,310,261)			$	991,531,893

Corporate Bonds & Notes — 14.6%

Principal
Amount
(000’s omitted)		Security	Value
Aerospace and Defense — 0.3%
		Argo Tech Corp., Sr. Notes
$	1,500	9.25%, 6/1/11	$	1,650,000
		BE Aerospace, Sr. Sub. Notes, Series B
65		8.00%, 3/1/08	65,325
		Sequa Corp.
500		8.875%, 4/1/08	535,000
		Standard Aero Holdings, Inc.
40		8.25%, 9/1/14	40,575
			$	2,290,900
Automotive — 0.5%
		Altra Industrial Motion, Inc.
70		9.00%, 12/1/11 (6)	68,950
		Commercial Vehicle Group, Inc., Sr. Notes
110		8.00%, 7/1/13 (6)	114,950
		Dana Credit Corp.
110		8.375%, 8/15/07 (6)	113,964
		Delphi Corp.
205		6.55%, 6/15/06	175,275
		Ford Motor Credit Co.
1,170		7.875%, 6/15/10	1,177,366
		General Motors Acceptance Corp.
50		6.125%, 9/15/06	50,206
440		7.00%, 2/1/12	415,634
		Keystone Automotive Operations, Inc., Sr. Sub. Notes
455		9.75%, 11/1/13	464,100
		Metaldyne Corp., Sr. Notes
485		10.00%, 11/1/13 (6)	448,625
		Tenneco Automotive, Inc.
280		8.625%, 11/15/14	291,900
		Tenneco Automotive, Inc., Series B
45		10.25%, 7/15/13	51,300
		Visteon Corp., Sr. Notes
200		8.25%, 8/1/10	195,000
			$	3,567,270

Brokers/Dealers/Investment Houses — 0.2%
		*ETrade Financial Corp., Sr. Notes**
$	60	8.00%, 6/15/11	$	63,900
		Refco Finance Holdings, LLC
1,378		9.00%, 8/1/12	1,508,910
		Residential Capital Corp.
175		6.875%, 6/30/15 (6)	185,612
			$	1,758,422
Building and Development — 0.5%
		Coleman Cable, Inc., Sr. Notes
115		9.875%, 10/1/12 (6)	104,075
		Collins & Aikman Floor Cover
400		9.75%, 2/15/10	412,000
		MAAX Corp., Sr. Sub. Notes
750		9.75%, 6/15/12	714,375
		Mueller Group, Inc., Sr. Sub. Notes
600		10.00%, 5/1/12	645,750
		Mueller Holdings, Inc., Disc. Notes
120		14.75%, (0.00% until 2009), 4/15/14	88,200
		Nortek, Inc., Sr. Sub Notes
530		8.50%, 9/1/14	518,075
		NTK Holdings, Inc., Sr. Disc. Notes
250		10.75%, (0.00% until 2009), 3/1/14 (6)	145,000
		Ply Gem Industries, Inc., Sr. Sub. Notes
470		9.00%, 2/15/12	423,000
		RMCC Acquisition Co., Sr. Sub. Notes
360		9.50%, 11/1/12 (6)	365,400
		Stanley-Martin Co.
90		9.75%, 8/15/15 (6)	91,350
			$	3,507,225
Business Equipment and Services — 0.8%
		Hydrochem Industrial Services, Inc., Sr. Sub Notes
80		9.25%, 2/15/13 (6)	78,800
		Neff Rental/Neff Finance
305		11.25%, 6/15/12 (6)	326,350
		Norcross Safety Products LLC/Norcross Capital Corp., Sr. Sub. Notes, Series B
1,020		9.875%, 8/15/11	1,088,850
		NSP Holdings/NSP Holdings Capital Corp., Sr. Notes (PIK)
182		11.75%, 1/1/12	179,087
		Safety Products Holdings, Sr. Notes (PIK)
100		11.75%, 1/1/12 (6)	101,000
		Sungard Data Systems, Inc., Sr. Notes
660		9.125%, 8/15/13 (6)	696,300

		Sungard Data Systems, Inc., Sr. Sub. Notes
$	470	10.25%, 8/15/15 (6)	$	493,500
		United Rentals North America, Inc.
80		6.50%, 2/15/12	78,500
		United Rentals North America, Inc., Sr. Sub. Notes
1,000		7.75%, 11/15/13	982,500
670		7.00%, 2/15/14	641,525
		Williams Scotsman, Inc., Sr. Notes
1,015		10.00%, 8/15/08	1,111,648
			$	5,778,060
Cable and Satellite Television — 0.8%
		CCO Holdings LLC / CCO Capital Corp., Sr. Notes
1,000		8.75%, 11/15/13	997,500
		CCO Holdings LLC/Capital Corp., Sr. Notes
785		8.75%, 11/15/13 (6)	783,037
		Charter Communications Holdings II, LLC, Sr. Notes
210		10.25%, 9/15/10	217,875
		CSC Holdings, Inc., Sr. Notes
330		6.75%, 4/15/12 (6)	317,625
		CSC Holdings, Inc., Sr. Notes, Series B
115		7.625%, 4/1/11	115,862
		Insight Communications, Sr. Disc. Notes
295		12.25%, (0.00% until 2006), 2/15/11	304,219
		Kabel Deutschland GMBH
560		10.625%, 7/1/14 (6)	628,600
		Ono Finance PLC, Sr. Notes
95		14.00%, 2/15/11	105,212
		UGS Corp.
2,140		10.00%, 6/1/12	2,407,500
			$	5,877,430
Chemicals and Plastics — 1.0%
		Avecia Group PLC
57		11.00%, 7/1/09	58,425
		BCP Crystal Holdings Corp., Sr. Sub Notes
435		9.625%, 6/15/14	495,356
		Borden U.S. Finance/Nova Scotia Finance, Sr. Notes
1,115		9.00%, 7/15/14 (6)	1,159,600
		Crystal US Holdings/US Holdings 3, LLC, Sr. Disc. Notes, Series B
1,004		10.50%, 10/1/14	722,880
		Innophos, Inc., Sr. Sub. Notes
700		8.875%, 8/15/14 (6)	723,625
		OM Group, Inc.
2,010		9.25%, 12/15/11	2,065,275

		Polyone Corp., Sr. Notes
$	775	10.625%, 5/15/10	$	836,031
		Rhodia SA, Sr. Notes
710		10.25%, 6/1/10	772,125
		Rockwood Specialties Group, Sr. Sub. Notes
328		10.625%, 5/15/11	362,440
			$	7,195,757
Clothing/Textiles — 0.4%
		GFSI, Inc., Sr. Sub. Notes, Series B
30		9.625%, 3/1/07	27,450
		Levi Strauss & Co., Sr. Notes
740		12.25%, 12/15/12	835,275
260		9.75%, 1/15/15	275,600
		Levi Strauss & Co., Sr. Notes, Variable Rate
210		8.254%, 4/1/12	212,100
		Oxford Industries, Inc., Sr. Notes
1,000		8.875%, 6/1/11	1,077,500
		Perry Ellis International, Inc., Sr. Sub. Notes
115		8.875%, 9/15/13	120,750
		Phillips Van-Heusen, Sr. Notes
50		7.25%, 2/15/11	52,500
			$	2,601,175
Conglomerates — 0.2%
		Amsted Industries, Inc., Sr. Notes
1,000		10.25%, 10/15/11 (6)	1,105,000
		Polypore, Inc., Sr. Sub Notes
35		8.75%, 5/15/12	32,200
		Spectrum Brands, Inc.
225		7.375%, 2/1/15	217,687
			$	1,354,887
Containers and Glass Products — 0.2%
		Intertape Polymer US, Inc., Sr. Sub. Notes
950		8.50%, 8/1/14	953,625
		Solo Cup Co., Sr. Sub. Notes
240		8.50%, 2/15/14	234,600
			$	1,188,225
Cosmetics/Toiletries — 0.0%
		Del Laboratories, Inc., Sr. Sub Notes
145		8.00%, 2/1/12	125,425
			$	125,425

Ecological Services and Equipment — 0.2%
		Allied Waste North America, Series B
$	395	8.875%, 4/1/08	$	418,700
		Allied Waste North America, Sr. Notes, Series B
620		8.50%, 12/1/08	658,750
		Waste Services, Inc., Sr. Sub. Notes
515		9.50%, 4/15/14 (6)	515,000
			$	1,592,450
Electronic/Electric — 0.2%
		Advanced Micro Devices, Inc., Sr. Notes
650		7.75%, 11/1/12	663,812
		Amkor Technologies, Inc., Sr. Notes
150		7.125%, 3/15/11	129,750
840		7.75%, 5/15/13	718,200
		CPI Holdco, Inc., Sr. Notes, Variable Rate
110		9.672%, 2/1/15	109,631
			$	1,621,393
Financial Intermediaries — 1.0%
		Alzette, Variable Rate
750		8.691%, 12/15/20	768,750
		Avalon Capital Ltd. 3, Series 1A, Class D, Variable Rate
760		5.78%, 2/24/19 (6)	762,736
		Babson Ltd., Series 2005-1A, Class C1, Variable Rate
1,000		5.315%, 4/15/19 (6)	1,000,000
		Bryant Park CDO Ltd., Series 2005-1A, Class C, Variable Rate
1,000		5.649%, 1/15/19 (6)	1,000,000
		Centurion CDO 8 Ltd., Series 2005 8A, Class D, Variable Rate
1,000		9.29%, 3/8/17	1,000,000
		Centurion CDO 9 Ltd., Series 2005-9A
750		0.00%, 7/17/19	750,000
		First CLO, Ltd., Sr. Sub. Notes, Variable Rate
1,000		5.963%, 7/27/16 (6)	1,000,000
		Stanfield Vantage Ltd., Series 2005-1A, Class D, Variable Rate
1,000		5.97%, 3/21/17 (6)	1,010,000
			$	7,291,486
Food Products — 0.1%
		American Seafood Group, LLC
35		10.125%, 4/15/10	37,537
		ASG Consolidated, LLC/ASG Finance, Inc., Sr. Disc. Notes
440		11.50%, (0.00% until 2008), 11/1/11	331,100
		Pierre Foods, Inc., Sr. Sub. Notes
40		9.875%, 7/15/12	42,000
		Pinnacle Foods Holdings Corp., Sr. Sub. Notes
80		8.25%, 12/1/13	77,600

		WH Holdings Ltd./WH Capital Corp., Sr. Notes
$	300	9.50%, 4/1/11	$	327,000
			$	815,237
Food/Drug Retailers — 0.1%
		Rite Aid Corp.
565		7.125%, 1/15/07	569,944
215		8.125%, 5/1/10	219,837
			$	789,781
Forest Products — 0.5%
		Caraustar Industries, Inc.
75		7.375%, 6/1/09	75,000
		Caraustar Industries, Inc., Sr. Sub. Notes
910		9.875%, 4/1/11	944,125
		Domtar, Inc.
320		7.125%, 8/1/15	320,635
		MDP Acquisitions/JSG Funding PLC, Sr. Notes
205		9.625%, 10/1/12	210,637
		Newark Group, Inc., Sr. Sub. Notes
400		9.75%, 3/15/14	372,000
		NewPage Corp.
635		10.00%, 5/1/12 (6)	641,350
		Norske Skog Canada Ltd., Series D
110		8.625%, 6/15/11	114,950
		Stone Container Corp., Sr. Notes
625		9.25%, 2/1/08	653,906
			$	3,332,603
Healthcare — 1.0%
		AMR HoldCo, Inc./EmCare HoldCo, Inc., Sr. Sub. Notes
275		10.00%, 2/15/15 (6)	301,125
		Healthsouth Corp.
165		7.625%, 6/1/12	161,287
		Healthsouth Corp., Sr. Notes
315		7.375%, 10/1/06	318,937
435		8.375%, 10/1/11	435,000
		Inverness Medical Innovations, Inc., Sr. Sub. Notes
550		8.75%, 2/15/12	569,250
		Knowledge Learning Center, Sr. Sub. Notes
180		7.75%, 2/1/15 (6)	177,750
		Medical Device Manufacturing, Inc., Series B
230		10.00%, 7/15/12	250,700
		National Mentor, Inc., Sr. Sub. Notes
250		9.625%, 12/1/12 (6)	263,750
		Service Corp. International, Sr. Notes
440		7.00%, 6/15/17 (6)	447,700

		US Oncology, Inc.
$	390	9.00%, 8/15/12	$	427,050
1,840		10.75%, 8/15/14	2,088,400
		Vanguard Health Holding Co. II LLC, Sr. Sub. Notes
1,520		9.00%, 10/1/14	1,660,600
		Ventas Realty L.P./Capital Corp., Sr. Notes
155		7.125%, 6/1/15 (6)	162,750
		VWR International, Inc., Sr. Sub. Notes
45		8.00%, 4/15/14	44,887
			$	7,309,186
Home Furnishings — 0.0%
		Fedders North America, Inc.
15		9.875%, 3/1/14	10,950
			$	10,950
Industrial Equipment — 0.1%
		Case New Holland, Inc., Sr. Notes
45		9.25%, 8/1/11	48,150
		General Cable Corp., Sr. Notes
90		9.50%, 11/15/10	95,850
		Milacron Escrow Corp.
145		11.50%, 5/15/11	145,725
		Thermadyne Holdings Corp., Sr. Sub. Notes
750		9.25%, 2/1/14	701,250
			$	990,975
Leisure Goods/Activities/Movies — 0.9%
		Affinity Group, Inc., Sr. Sub. Notes
710		9.00%, 2/15/12	740,175
		AMC Entertainment, Inc., Sr. Sub. Notes
215		9.875%, 2/1/12	217,420
		LCE Acquisition Corp., Sr. Sub. Notes
2,110		9.00%, 8/1/14 (6)	2,083,625
		Marquee Holdings, Inc., Sr. Disc. Notes
385		12.00%, (0.00% until 2009), 8/15/14	247,362
		Samsonite Corp., Sr. Sub. Notes
1,680		8.875%, 6/1/11	1,806,000
		Six Flags Theme Parks, Inc., Sr. Notes
600		8.875%, 2/1/10	604,500
		Universal City Development Partners, Sr. Notes
280		11.75%, 4/1/10	319,200
		Universal City Florida Holding, Sr. Notes
60		8.375%, 5/1/10	63,450
			$	6,081,732

Lodging and Casinos — 0.6%
		CCM Merger, Inc.
$	265	8.00%, 8/1/13 (6)	$	271,625
		Host Marriot L.P., Series O
35		6.375%, 3/15/15	34,869
		Inn of the Mountain Gods, Sr. Notes
1,000		12.00%, 11/15/10	1,152,500
		Majestic Star Casino LLC
500		9.50%, 10/15/10	506,250
		Meristar Hospitality Operations/Finance
300		10.50%, 6/15/09	320,250
		Mohegan Tribal Gaming Authority, Sr. Sub. Notes
110		8.00%, 4/1/12	117,700
		Seneca Gaming Corp., Sr. Notes
275		7.25%, 5/1/12 (6)	287,375
		Station Casinos, Inc., Sr. Sub Notes
240		6.875%, 3/1/16 (6)	247,800
		Trump Entertainment Resorts, Inc.
990		8.50%, 6/1/15	994,950
		Waterford Gaming LLC, Sr. Notes
376		8.625%, 9/15/12 (6)	402,320
		Wynn Las Vegas, LLC
120		6.625%, 12/1/14	117,300
			$	4,452,939
Nonferrous Metals/Minerals — 0.2%
		Advanstar Communications, Inc.
1,000		10.75%, 8/15/10	1,136,250
		Aleris International, Inc.
110		10.375%, 10/15/10	121,825
183		9.00%, 11/15/14	193,980
		Alpha Natural Resources, Sr. Notes
90		10.00%, 6/1/12	101,250
			$	1,553,305
Oil and Gas — 0.5%
		Clayton Williams Energy, Inc., Sr. Notes
110		7.75%, 8/1/13 (6)	109,175
		Coastal Corp., Sr. Debs.
245		9.625%, 5/15/12	273,175
		Dynegy Holdings, Inc., Debs.
365		7.625%, 10/15/26	347,662
		El Paso Corp.
155		6.95%, 12/15/07	157,713
		El Paso Corp., Sr. Notes
215		7.625%, 8/16/07 (6)	220,913

		El Paso Production Holding Co.
$	280	7.75%, 6/1/13	$	297,500
		Giant Industries
90		8.00%, 5/15/14	94,950
		Hanover Compressor Co., Sr. Sub. Notes
155		0.00%, 3/31/07	139,500
		Hanover Equipment Trust, Series B
55		8.75%, 9/1/11	59,263
		Ocean Rig Norway AS, Sr. Notes
110		8.375%, 7/1/13 (6)	118,800
		Parker Drilling Co., Sr. Notes
110		9.625%, 10/1/13	125,538
		Petrobras International Finance Co.
60		7.75%, 9/15/14	63,780
		Titan Petrochemicals Group Ltd.
65		8.50%, 3/18/12 (6)	62,400
		Transmontaigne, Inc., Sr. Sub. Notes
625		9.125%, 6/1/10	659,375
		United Refining Co., Sr. Notes
375		10.50%, 8/15/12	400,313
85		10.50%, 8/15/12 (6)	90,738
		Williams Cos., Inc. (The)
90		8.75%, 3/15/32	109,800
			$	3,330,595
Publishing — 0.2%
		American Media Operations, Inc., Series B
830		10.25%, 5/1/09	837,263
		CBD Media, Inc., Sr. Sub. Notes
135		8.625%, 6/1/11	140,400
		Houghton Mifflin Co., Sr. Sub. Notes
560		9.875%, 2/1/13	607,600
			$	1,585,263
Radio and Television — 1.5%
		CanWest Media, Inc.
290		8.00%, 9/15/12	305,950
		Emmis Communications Corp., Sr. Notes, Variable Rate
3,000		9.745%, 6/15/12	3,052,500
		Nextmedia Operating, Inc.
110		10.75%, 7/1/11	119,625
		Paxson Communications Corp.
105		10.75%, 7/15/08	105,394
		Paxson Communications Corp., Variable Rate
4,500		6.349%, 1/15/10 (6)	4,522,500

		Rainbow National Services, LLC, Sr. Notes
$	115	8.75%, 9/1/12 (6)	$	125,781
		Rainbow National Services, LLC, Sr. Sub. Debs.
1,565		10.375%, 9/1/14 (6)	1,791,925
		Sirius Satellite Radio
540		9.625%, 8/1/13 (6)	533,250
			$	10,556,925
Rail Industries — 0.1%
		Greenbrier Cos., Inc. (The), Sr. Notes
415		8.375%, 5/15/15 (6)	437,825
		TFM SA de C.V., Sr. Notes
95		12.50%, 6/15/12	110,200
			$	548,025
Surface Transport — 0.4%
		Horizon Lines, LLC
2,295		9.00%, 11/1/12	2,498,681
		OMI Corp., Sr. Notes
20		7.625%, 12/1/13	20,650
			$	2,519,331
Telecommunications — 2.0%
		AirGate PCS, Inc., Variable Rate
120		7.349%, 10/15/11	125,100
		Alamosa Delaware, Inc., Sr. Disc. Notes
180		12.00%, 7/31/09	201,600
		Alamosa Delaware, Inc., Sr. Notes
560		11.00%, 7/31/10	637,000
		Centennial Cellular Operating Co./Centennial Communication Corp., Sr. Notess
650		10.125%, 6/15/13	728,000
		Digicel Ltd., Sr. Notes
100		9.25%, 9/1/12 (6)	105,000
		Inmarsat Finance PLC
731		7.625%, 6/30/12	772,119
		Intelsat Bermuda Ltd., Sr. Notes, Variable Rate
485		8.695%, 1/15/12 (6)	495,913
		Intelsat Ltd., Sr. Notes
1,090		5.25%, 11/1/08	1,008,250
		IWO Holdings, Inc.
220		10.75%, (0.00% until 2010), 1/15/15	155,650
		LCI International, Inc., Sr. Notes
125		7.25%, 6/15/07	123,750
		New Skies Satellites NV, Sr. Notes, Variable Rate
215		8.539%, 11/1/11	224,138
		New Skies Satellites NV, Sr. Sub. Notes
345		9.125%, 11/1/12	359,663

		PanAmSat Corp.
$	200	9.00%, 8/15/14	$	211,500
		Qwest Capital Funding, Inc.
395		7.75%, 8/15/06	402,900
200		6.375%, 7/15/08	197,000
65		7.90%, 8/15/10	65,488
		Qwest Communications International, Inc.
110		7.25%, 2/15/11	107,800
		Qwest Communications International, Inc., Sr. Notes
1,990		7.50%, 2/15/14 (6)	1,920,350
		Qwest Corp., Sr. Notes
505		7.625%, 6/15/15 (6)	520,150
		Qwest Corp., Sr. Notes, Variable Rate
1,025		7.12%, 6/15/13 (6)	1,078,813
		Rogers Wireless, Inc.
335		7.50%, 3/15/15	368,081
		Rogers Wireless, Inc., Sr. Sub. Notes
185		8.00%, 12/15/12	198,875
		Rogers Wireless, Inc., Variable Rate
1,617		6.995%, 12/15/10	1,693,808
		Rural Cellular Corp., Variable Rate
1,000		8.37%, 3/15/10	1,040,000
		UbiquiTel Operating Co., Sr. Notes
1,110		9.875%, 3/1/11	1,243,200
			$	13,984,148
Utilities — 0.1%
		Calpine Corp., Sr. Notes
30		7.625%, 4/15/06	27,900
		NRG Energy, Inc.
322		8.00%, 12/15/13	348,565
			$	376,465
Total Corporate Bonds & Notes (identified cost $101,613,739)			$	103,987,565
Convertible Bonds — 0.1%
40		Amkor Technologies, Inc.	38,300
345		L-3 Communications Corp. (6)	358,369
105		Nortel Networks Ltd.	100,275
Total Convertible Bonds (identified cost, $488,702)			$	496,944

Common Stocks — 0.1%

Shares	Security	Value
107	Crown Castle International Corp. (5)	$	2,651
36,116	Trump Entertainment Resorts, Inc. (5)	661,825
Total Common Stocks (identified cost, $473,214)		$	664,476
Preferred Stocks — 0.0%
1,029	Crown Castle International Corp., (PIK)	52,222
Total Preferred Stocks (identified cost, $49,123)		$	52,222
Closed-End Investment Companies — 2.2%
162,500	Citigroup Investments Corporate Loan Fund, Inc.	2,158,000
343,600	First Trust/Four Corners Senior Floating Rate Income Fund II	6,078,284
150,400	Floating Rate Income Strategies Fund II, Inc.	2,680,128
52,200	Floating Rate Income Strategies Fund, Inc.	931,770
105,500	ING Prime Rate Trust	737,445
130,000	Pioneer Floating Rate Trust	2,267,200
100,000	Van Kampen Senior Income Trust	811,000
Total Closed-End Investment Companies (identified cost, $16,269,156)		$	15,663,827
Miscellaneous — 0.0%
590,000	Trump Atlantic City (4)	22,715
Total Miscellaneous (identified cost, $0)		$	22,715

Commercial Paper — 3.3%

Principal		Maturity
Amount		Date	Borrower	Rate		Amount
$	18,415,000	09/01/05	General Electric Capital Corp.	3.56	%	$	18,415,000
4,725,000		09/06/05	Old Line Funding Llc Commercial Paper	3.53	%	4,722,683
Total Commercial Paper (at amortized cost)						$	23,137,683

Short-Term Investments — 0.3%
$	2,000,000	09/01/05	Investors Bank and Trust Company Time Deposit	3.57	%	$	2,000,000
Total Short-Term Investments (at amortized cost)						$	2,000,000
Total Investments — 160.2% (identified cost $1,129,341,878)						$	1,137,557,325
Less Unfunded Loan Commitments — (0.9%)						$	(6,071,348	)
Net Investments — 159.3% (identified cost $1,118,873,859)						$	1,131,485,977
Other Assets, Less Liabilities — 2.0%						$	13,999,487
Auction Preferred Shares Plus Cumulative Unpaid Dividends — (61.3)%						$	(435,273,441	)
Net Assets Applicable to Common Shares — 100.0%						$	710,212,023

PIK	—	Payment In Kind.
(1)		Senior floating-rate interests often require prepayments from excess cash flows or permit the borrower to repay at its 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, it is anticipated that the senior floating-rate interests will have an expected average life of approximately two to three years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility. 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 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 Borrower’s discretion.
(3)		Defaulted security.
(4)		Security valued at fair value using methods determined in good faith by or at the direction of the Trustees of the Trust.
(5)		Non-income producing security.
(6)		Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2005, the aggregate value of the securities is $31,886,920 or 4.5% of the Trust’s net assets.

A summary of financial instruments at August 31, 2005 is as follows:

Credit Default Swaps

Notional Amount	Expiration Date	Description	Net Unrealized Appreciation (Depreciation)
4,000,000 USD	3/20/2009	Agreement with Lehman Brothers Special Financing, Inc. dated 9/24/2004 to receive 2.30% per year times the notional amount. The Trust makes payment only upon a default event on underlying loan assets (50 in total, each representing 2% of the notional value of the swap).		$	(15,852	)
2,000,000 USD	3/20/2010	Agreement with Lehman Brothers Special Financing, Inc. dated 3/15/2005 to receive 2.20% per year times the notional amount. The Trust makes payment of the notional amount only upon a default event on the reference entity, a Revolving Credit Agreement issued by Inergy, L.P.		$	(14,513	)

At August 31, 2005, the Trust had sufficient cash segregated to cover potential obligations arising from open swap contract.

The cost and unrealized appreciation (depreciation) in value of the investments owned by the Trust at August 31, 2005, as computed on a federal income tax basis, were as follows:

Aggregate cost	$	1,130,745,487
Gross unrealized appreciation	$	9,974,486
Gross unrealized depreciation	(3,162,648		)
Net unrealized appreciation	$	6,811,838

Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s 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 on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

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

By:		/s/ Payson F. Swaffield
		Payson F. Swaffield
		President and Principal Executive Officer
Date:		October 26, 2005

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.

By:		/s/ Payson F. Swaffield
		Payson F. Swaffield
		President and Principal Executive Officer
Date:		October 26, 2005
By:		/s/ Barbara E. Campbell
		Barbara E. Campbell
		Treasurer and Principal Financial Officer
Date:		October 26, 2005