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)		(Zip code)
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, 2006

Item 1. Schedule of Investments

Eaton Vance Floating-Rate Income Trust as of August 31, 2006

PORTFOLIO OF INVESTMENTS (Unaudited)

Senior, Floating Rate Interests — 137.9% (1)

Principal Amount		Borrower/Tranche Description	Value
Aerospace and Defense — 3.5%
		Alliant Techsystems, Inc.
$	630,000	Term Loan, 6.75%, Maturing March 31, 2009	$	630,787
		Awas Capital, Inc.
2,817,655		Term Loan, 11.50%, Maturing March 22, 2013	2,831,743
		CACI International, Inc.
4,168,480		Term Loan, 6.91%, Maturing May 3, 2011	4,182,811
		Delta Air Lines, Inc.
1,925,000		Term Loan, 12.77%, Maturing March 27, 2008	1,986,119
		Dresser Rand Group, Inc.
1,596,845		Term Loan, 7.40%, Maturing October 29, 2011	1,606,226
		DRS Technologies, Inc.
1,122,188		Term Loan, 6.89%, Maturing January 31, 2013	1,126,571
		Hexcel Corp.
783,129		Term Loan, 5.42%, Maturing March 1, 2012	785,086
		IAP Worldwide Services, Inc.
1,069,625		Term Loan, 8.50%, Maturing December 30, 2012	1,076,088
		K&F Industries, Inc.
727,071		Term Loan, 7.25%, Maturing November 18, 2012	728,889
		Mid-Western Aircraft Systems, Inc.
1,525,841		Term Loan, 8.75%, Maturing December 31, 2011	1,535,186
		Standard Aero Holdings, Inc.
2,957,575		Term Loan, 8.25%, Maturing August 24, 2012	2,959,424
		Transdigm, Inc.
1,800,000		Term Loan, 6.90%, Maturing June 23, 2013	1,809,000
		Vought Aircraft Industries, Inc.
1,301,365		Term Loan, 6.90%, Maturing December 17, 2011	1,313,565
		Wam Aquisition, S.A.
755,563		Term Loan, 7.77%, Maturing April 8, 2013	762,221
755,563		Term Loan, 8.75%, Maturing April 8, 2014	765,621
		Wyle Laboratories, Inc.
298,809		Term Loan, 8.22%, Maturing January 28, 2011	300,490
			$	24,399,827
Air Transport — 0.3%
		United Airlines, Inc.
1,545,359		Term Loan, 6.90%, Maturing February 1, 2012	1,568,540
220,766		Term Loan, 6.90%, Maturing February 1, 2012	224,077
			$	1,792,617

Automotive — 7.5%
		Accuride Corp.
$	2,346,212	Term Loan, 7.31%, Maturing January 31, 2012	$	2,355,011
		AE Europe Group, LLC
811,786		Term Loan, 8.58%, Maturing October 11, 2011	817,874
		Affina Group, Inc.
1,271,502		Term Loan, 8.50%, Maturing November 30, 2011	1,278,257
		Axletech International Holding, Inc.
1,950,000		Term Loan, 12.01%, Maturing April 22, 2013	1,967,062
		Collins & Aikman Products Co.
698,478		Term Loan, 8.00%, Maturing August 31, 2011 (2)	345,529
		CSA Acquisition Corp.
497,500		Term Loan, 8.00%, Maturing December 23, 2011	499,739
441,311		Term Loan, 8.00%, Maturing December 23, 2011	442,828
709,933		Term Loan, 8.00%, Maturing December 23, 2011	712,374
		Dana Corp.
1,175,000		DIP Loan, 7.65%, Maturing April 13, 2008	1,177,497
		Dayco Products, LLC
2,250,000		Term Loan, 8.03%, Maturing June 21, 2011	2,272,968
		Dura Operating Corp.
1,250,000		Term Loan, 9.08%, Maturing May 3, 2011	1,252,344
		Exide Technologies, Inc.
483,925		Term Loan, 11.75%, Maturing May 5, 2010	508,122
489,856		Term Loan, 11.75%, Maturing May 5, 2010	514,348
		Federal-Mogul Corp.
2,997,402		Revolving Loan, 6.82%, Maturing December 9, 2006 (3)	2,894,633
563,750		Term Loan, 8.83%, Maturing December 9, 2006	567,273
4,717,351		Revolving Loan, 8.83%, Maturing December 9, 2006 (3)	4,735,041
		Goodyear Tire & Rubber Co.
2,500,000		Revolving Loan, 0.00%, Maturing April 30, 2010 (3)	2,486,457
980,000		Term Loan, 5.23%, Maturing April 30, 2010	982,100
3,290,000		Term Loan, 7.95%, Maturing April 30, 2010	3,320,255
1,000,000		Term Loan, 8.70%, Maturing March 1, 2011	1,012,917
		HLI Operating Co., Inc.
1,418,693		Term Loan, 8.91%, Maturing June 3, 2009	1,437,166
		Insurance Auto Auctions, Inc.
869,022		Term Loan, 7.99%, Maturing May 19, 2012 (3)	874,182
		Key Automotive Group
3,342,214		Term Loan, 8.89%, Maturing June 20, 2009	3,373,547
		Keystone Automotive Operations, Inc.
1,815,875		Term Loan, 7.99%, Maturing October 30, 2010	1,818,145
		R.J. Tower Corp.
1,925,000		DIP Revolving Loan, 8.38%, Maturing February 2, 2007	1,946,656
		TI Automotive, Ltd.
3,484,135		Term Loan, 7.64%, Maturing June 30, 2011	3,447,117

		Trimas Corp.
$	262,500	Term Loan, 6.90%, Maturing August 2, 2011	$	264,387
1,137,500		Term Loan, 6.90%, Maturing August 2, 2013	1,145,676
		TRW Automotive, Inc.
2,955,000		Term Loan, 6.90%, Maturing October 31, 2010	2,953,153
2,984,064		Term Loan, 6.90%, Maturing June 30, 2012	2,984,270
		United Components, Inc.
1,834,856		Term Loan, 6.90%, Maturing June 30, 2010	1,844,030
			$	52,230,958
Beverage and Tobacco — 1.8%
		Alliance One International, Inc.
873,938		Term Loan, 4.88%, Maturing May 13, 2010	880,492
		Culligan International Co.
3,002,766		Term Loan, 7.33%, Maturing September 30, 2011	3,007,460
		National Dairy Holdings, L.P.
829,500		Term Loan, 7.33%, Maturing March 15, 2012	832,611
		National Distribution Co.
770,000		Term Loan, 9.00%, Maturing June 22, 2010	771,925
		Reynolds American, Inc.
3,275,000		Term Loan, 8.38%, Maturing May 31, 2012	3,293,166
		Southern Wine & Spirits of America, Inc.
2,934,853		Term Loan, 7.75%, Maturing June 1, 2012	2,943,109
		Sunny Delight Beverages Co.
722,292		Term Loan, 11.47%, Maturing August 20, 2010	720,035
			$	12,448,798
Building and Development — 8.6%
		AP-Newkirk Holdings, LLC
1,968,472		Term Loan, 7.83%, Maturing December 21, 2007	1,972,163
		Biomed Realty, L.P.
3,385,000		Term Loan, 7.65%, Maturing May 31, 2010	3,338,456
		Capital Automotive REIT
1,440,759		Term Loan, 7.16%, Maturing December 16, 2010	1,444,861
		DMB / CH II, LLC
238,000		Term Loan, 7.91%, Maturing December 22, 2008	238,595
		Epco / Fantome, LLC
1,700,000		Term Loan, 8.93%, Maturing November 23, 2010	1,708,500
		Formica Corp.
1,147,125		Term Loan, 8.48%, Maturing March 15, 2013	1,150,710
		FT-FIN Acquisition, LLC
1,372,785		Term Loan, 6.07%, Maturing November 17, 2007 (3)	1,376,217
		Gables GP, Inc.
159,684		Term Loan, 7.13%, Maturing September 30, 2006	159,867
		General Growth Properties, Inc.
2,000,000		Term Loan, 6.58%, Maturing February 24, 2011	1,975,520

		Hovstone Holdings, LLC
$	1,365,000	Term Loan, 7.40%, Maturing February 28, 2009	$	1,368,412
		Kyle Acquisition Group, LLC
528,783		Term Loan, 7.38%, Maturing July 20, 2010	528,122
		Laidlaw International, Inc.
337,500		Term Loan, 7.08%, Maturing July 31, 2013	339,961
1,012,500		Term Loan, 7.08%, Maturing July 31, 2013	1,019,883
		Landsource Communities, LLC
2,000,000		Term Loan, 7.88%, Maturing March 31, 2010	2,003,334
		Lanoga Corp.
1,400,000		Term Loan, 7.25%, Maturing June 29, 2013	1,400,291
		LNR Property Corp.
3,125,000		Term Loan, 8.67%, Maturing July 3, 2011	3,148,437
		Mattamy Funding Partnership
498,750		Term Loan, 7.69%, Maturing April 11, 2013	499,997
		Mueller Group, Inc.
2,159,881		Term Loan, 7.42%, Maturing October 3, 2012	2,176,272
		NCI Building Systems, Inc.
496,111		Term Loan, 9.00%, Maturing June 18, 2010	496,421
		Newkirk Master, L.P.
1,868,262		Term Loan, 7.15%, Maturing August 11, 2008	1,871,765
1,455,468		Term Loan, 7.15%, Maturing August 11, 2008	1,458,197
		Nortek, Inc.
4,998,000		Term Loan, 7.36%, Maturing August 27, 2011	4,986,285
		November 2005 Land Investors
997,500		Term Loan, 8.25%, Maturing May 31, 2011	999,994
		Panolam Industries Holdings, Inc.
629,694		Term Loan, 8.25%, Maturing September 30, 2012	634,417
		Ply Gem Industries, Inc.
1,753,418		Term Loan, 7.50%, Maturing August 15, 2011	1,746,843
116,895		Term Loan, 7.65%, Maturing August 15, 2011	116,456
		South Edge, LLC
843,750		Term Loan, 7.33%, Maturing October 31, 2009	846,035
		St. Mary’s Cement, Inc.
5,867,154		Term Loan, 8.25%, Maturing December 4, 2010	5,881,822
		Stile Acquisition Corp.
2,238,503		Term Loan, 7.49%, Maturing April 6, 2013	2,206,604
		Stile U.S. Acquisition Corp.
2,242,316		Term Loan, 7.49%, Maturing April 6, 2013	2,210,363
		TE / Tousa Senior, LLC
1,700,000		Term Loan, 8.25%, Maturing August 1, 2008	1,692,562
		Tousa / Kolter, LLC
2,305,000		Term Loan, 6.90%, Maturing January 7, 2008 (3)	2,316,525
		TRU 2005 RE Holding Co.
4,575,000		Term Loan, 6.90%, Maturing December 9, 2008	4,564,994

			Trustreet Properties, Inc.
$	1,640,000		Term Loan, 6.90%, Maturing April 8, 2010	$		1,649,225
			United Subcontractors, Inc.
925,000			Term Loan, 6.90%, Maturing May 27, 2013	925,000
				$		60,453,106
Business Equipment and Services — 8.8%
		Acco Brands Corp.
1,470,500		Term Loan, 7.18%, Maturing August 17, 2012			1,472,568
		Activant Solutions, Inc.
847,875		Term Loan, 7.50%, Maturing May 1, 2013			837,277
		Affiliated Computer Services
2,400,000		Term Loan, 7.40%, Maturing March 20, 2013			2,407,498
920,375		Term Loan, 7.75%, Maturing March 20, 2013			923,662
		Affinion Group, Inc.
2,344,535		Term Loan, 7.75%, Maturing October 17, 2012			2,361,753
		Allied Security Holdings, LLC
1,450,000		Term Loan, 8.45%, Maturing June 30, 2010			1,462,687
		Aspect Software, Inc.
2,250,000		Term Loan, 8.50%, Maturing July 11, 2011			2,256,750
2,000,000		Term Loan, 8.50%, Maturing July 11, 2013			2,005,000
		Buhrmann US, Inc.
1,449,136		Term Loan, 7.18%, Maturing December 31, 2010			1,451,853
		DynCorp International, LLC
1,352,875		Term Loan, 8.06%, Maturing February 11, 2011			1,360,485
		Gate Gourmet Borrower, LLC
205,556		Term Loan, 7.66%, Maturing March 9, 2012			207,868
1,640,333		Term Loan, 8.25%, Maturing March 9, 2012			1,644,434
		Info USA, Inc.
671,625		Term Loan, 7.25%, Maturing February 14, 2012			672,465
		IPayment, Inc.
1,047,375		Term Loan, 7.72%, Maturing May 10, 2013			1,048,030
		Iron Mountain, Inc.
3,485,766		Term Loan, 7.16%, Maturing April 2, 2011			3,493,027
		Language Line, Inc.
4,272,111		Term Loan, 9.74%, Maturing June 11, 2011			4,322,176
		Mitchell International, Inc.
782,330		Term Loan, 7.50%, Maturing August 15, 2011			785,508
		Nielsen Finance, LLC
7,700,000		Term Loan, 8.19%, Maturing August 9, 2013			7,676,238
		Protection One, Inc.
1,019,007		Term Loan, 7.94%, Maturing April 18, 2011			1,021,873

		Quintiles Transnational Corp.
$	1,875,000	Term Loan, 9.50%, Maturing March 31, 2014	$	1,902,244
		RGIS Holdings, LLC
1,268,728		Term Loan, 8.38%, Maturing February 15, 2013	1,268,332
		SGS International, Inc.
771,125		Term Loan, 8.38%, Maturing December 30, 2011	774,017
		SS&C Technologies, Inc.
77,949		Term Loan, 8.00%, Maturing November 23, 2012	78,404
917,051		Term Loan, 8.00%, Maturing November 23, 2012	922,400
		Sungard Data Systems, Inc.
14,454,000		Term Loan, 8.00%, Maturing February 11, 2013	14,576,599
		Transaction Network Services, Inc.
869,764		Term Loan, 7.64%, Maturing May 4, 2012	869,764
		US Investigations Services, Inc.
1,283,814		Term Loan, 6.90%, Maturing October 14, 2012	1,285,419
593,443		Term Loan, 6.90%, Maturing October 14, 2012	594,926
		Western Inventory Services
1,000,000		Term Loan, 7.87%, Maturing March 31, 2011	1,005,000
		Williams Scotsman, Inc.
850,000		Term Loan, 7.00%, Maturing June 28, 2010	851,417
			$	61,539,674
Cable and Satellite Television — 6.1%
		Atlantic Broadband Finance, LLC
3,990,000		Term Loan, 7.99%, Maturing September 1, 2011	4,029,900
		Bragg Communications, Inc.
2,170,700		Term Loan, 7.33%, Maturing August 31, 2011	2,176,127
		Bresnan Broadband Holdings, LLC
1,325,000		Term Loan, 8.33%, Maturing March 29, 2014	1,358,125
		Canadian Cable Acquisition Co., Inc.
1,960,000		Term Loan, 8.50%, Maturing July 31, 2011	1,962,450
		Charter Communications Operating, LLC
12,297,231		Term Loan, 8.13%, Maturing April 28, 2013	12,342,497
		CSC Holdings, Inc.
3,316,688		Term Loan, 7.13%, Maturing March 29, 2013	3,302,177
		Insight Midwest Holdings, LLC
975,000		Term Loan, 7.38%, Maturing December 31, 2009	981,144
		MCC Iowa, LLC
2,043,750		Term Loan, 7.43%, Maturing March 31, 2010	2,008,624
		Mediacom Broadband Group
2,947,725		Term Loan, 7.23%, Maturing January 31, 2015	2,937,824
		Mediacom Illinois, LLC
4,098,125		Term Loan, 7.22%, Maturing March 31, 2013	4,086,417
		UGS Corp.
4,644,650		Term Loan, 6.90%, Maturing March 31, 2012	4,649,490

		UPC Broadband Holding B.V.
$	1,330,000	Term Loan, 6.90%, Maturing March 31, 2013	$	1,329,524
1,330,000		Term Loan, 6.90%, Maturing December 31, 2013	1,329,524
			$	42,493,823
Chemicals and Plastics — 9.5%
		Basell Af S.A.R.L.
312,500		Term Loan, 7.58%, Maturing August 1, 2013	316,699
62,500		Term Loan, 7.58%, Maturing August 1, 2013	63,340
62,500		Term Loan, 8.33%, Maturing August 1, 2014	63,340
312,500		Term Loan, 9.33%, Maturing August 1, 2014	316,699
		Brenntag Holding GmbH and Co. KG
432,000		Term Loan, 0.00%, Maturing January 18, 2014	437,400
1,768,000		Term Loan, 0.00%, Maturing January 18, 2014	1,779,448
1,100,000		Term Loan, 0.00%, Maturing December 23, 2015	1,133,000
		Celanese Holdings, LLC
6,355,376		Term Loan, 7.50%, Maturing June 4, 2011	6,383,181
		Gentek, Inc.
618,344		Term Loan, 6.58%, Maturing February 28, 2011	621,822
749,148		Term Loan, 6.58%, Maturing February 28, 2012	757,576
		Hercules, Inc.
2,939,850		Term Loan, 7.01%, Maturing October 8, 2010	2,949,404
		Hexion Specialty Chemicals, Inc.
4,128,231		Term Loan, 5.42%, Maturing May 5, 2013	4,091,679
896,769		Term Loan, 5.42%, Maturing May 5, 2013	888,829
		Huntsman, LLC
6,155,077		Term Loan, 7.08%, Maturing August 16, 2012	6,147,383
		Ineos Group
1,800,000		Term Loan, 7.34%, Maturing December 14, 2013	1,816,688
1,800,000		Term Loan, 7.84%, Maturing December 14, 2014	1,816,688
		Innophos, Inc.
2,721,877		Term Loan, 7.67%, Maturing August 13, 2010	2,732,084
		Invista B.V.
6,930,000		Term Loan, 7.00%, Maturing April 30, 2010	6,947,325
		ISP Chemo, Inc.
2,443,875		Term Loan, 7.49%, Maturing February 16, 2013	2,446,268
		Kranton Polymers, LLC
1,836,123		Term Loan, 7.38%, Maturing May 12, 2013	1,838,418
		Lucite International Group
233,588		Term Loan, 0.00%, Maturing July 7, 2013 (3)	235,197
666,412		Term Loan, 6.99%, Maturing July 7, 2013	671,002
		Mosaic Co.
1,580,000		Term Loan, 6.99%, Maturing February 21, 2012	1,579,507
		Nalco Co.
6,297,532		Term Loan, 9.00%, Maturing November 4, 2010	6,306,833
		PQ Corp.
577,688		Term Loan, 7.33%, Maturing February 11, 2012	579,613

		Professional Paint, Inc.
$	825,000	Term Loan, 9.50%, Maturing May 31, 2012	$	830,156
350,000		Term Loan, 11.38%, Maturing May 31, 2013	353,937
		Rockwood Specialties Group, Inc.
6,377,875		Term Loan, 8.38%, Maturing December 10, 2012	6,415,747
		Solo Cup Co.
4,387,251		Term Loan, 7.84%, Maturing February 27, 2011	4,397,043
		Solutia, Inc.
850,000		DIP Loan, 8.96%, Maturing March 31, 2007	853,187
		Wellman, Inc.
750,000		Term Loan, 9.49%, Maturing February 10, 2009	752,578
			$	66,522,071
Clothing/Textiles — 0.4%
		Propex Fabrics, Inc.
1,038,204		Term Loan, 7.76%, Maturing July 31, 2012	1,039,502
		St. John Knits International, Inc.
782,415		Term Loan, 8.25%, Maturing March 23, 2012	780,948
		The William Carter Co.
1,231,574		Term Loan, 6.85%, Maturing July 14, 2012	1,230,804
			$	3,051,254
Conglomerates — 3.5%
		Amsted Industries, Inc.
1,937,551		Term Loan, 7.46%, Maturing October 15, 2010	1,937,550
		Blount, Inc.
344,754		Term Loan, 7.21%, Maturing August 9, 2010	347,770
		Dundee Holding, Inc.
1,841,300		Term Loan, 8.58%, Maturing February 17, 2015	1,855,110
		Education Management, LLC
1,725,000		Term Loan, 8.06%, Maturing June 1, 2013	1,735,243
		Euramax International, Inc.
680,337		Term Loan, 7.77%, Maturing June 28, 2012	684,589
248,684		Term Loan, 8.06%, Maturing June 28, 2013	250,705
501,316		Term Loan, 12.49%, Maturing June 28, 2013	505,389
		Goodman Global Holdings, Inc.
1,185,421		Term Loan, 7.25%, Maturing December 23, 2011	1,182,829
		Jarden Corp.
1,180,460		Term Loan, 7.25%, Maturing January 24, 2012	1,178,739
2,991,425		Term Loan, 7.50%, Maturing January 24, 2012	2,998,437
		Johnson Diversey, Inc.
1,920,504		Term Loan, 7.97%, Maturing November 3, 2009	1,937,309
		Polymer Group, Inc.
2,860,625		Term Loan, 7.50%, Maturing November 22, 2012	2,869,564
		PP Acquisition Corp.
4,000,683		Term Loan, 7.50%, Maturing November 12, 2011	4,037,357

		Rexnord Corp.
$	1,525,000	Term Loan, 8.38%, Maturing July 19, 2013	$	1,534,531
		Sensata Technologies Finance Co.
875,000		Term Loan, 8.38%, Maturing April 27, 2013	870,390
		Terex Corp.
800,000		Term Loan, 7.64%, Maturing July 13, 2013	803,000
			$	24,728,512
Containers and Glass Products — 5.6%
		Berry Plastics Corp.
2,796,523		Term Loan, 7.08%, Maturing December 2, 2011	2,797,104
		Bluegrass Container Company
1,423,939		Term Loan, 7.58%, Maturing June 30, 2013	1,435,509
426,061		Term Loan, 7.58%, Maturing June 30, 2013	429,522
321,212		Term Loan, 10.33%, Maturing December 30, 2013	325,294
1,003,788		Term Loan, 10.33%, Maturing December 30, 2013	1,016,544
		Crown Americas, Inc.
700,000		Term Loan, 7.65%, Maturing November 15, 2012	701,458
		Graham Packaging Holdings Co.
5,319,000		Term Loan, 7.75%, Maturing October 7, 2011	5,338,946
398,987		Term Loan, 7.81%, Maturing October 7, 2011	400,484
1,428,571		Term Loan, 7.75%, Maturing April 7, 2012	1,448,214
		Graphic Packaging International, Inc.
8,792,639		Term Loan, 7.92%, Maturing August 8, 2010	8,884,487
		IPG (US), Inc.
3,242,250		Term Loan, 7.58%, Maturing July 28, 2011	3,276,699
		JSG Acquisitions
2,055,000		Term Loan, 7.97%, Maturing December 1, 2013	2,088,394
2,055,000		Term Loan, 7.97%, Maturing December 1, 2013	2,088,394
		Kranson Industries, Inc.
950,000		Term Loan, 8.17%, Maturing July 31, 2013	955,937
		Owens-Brockway Glass Container
1,800,000		Term Loan, 7.08%, Maturing June 14, 2013	1,802,700
		Smurfit-Stone Container Corp.
656,041		Term Loan, 4.73%, Maturing November 1, 2010	660,367
3,396,694		Term Loan, 7.69%, Maturing November 1, 2010	3,419,092
744,375		Term Loan, 7.69%, Maturing November 1, 2011	749,283
1,641,493		Term Loan, 7.69%, Maturing November 1, 2011	1,652,317
			$	39,470,745
Cosmetics/Toiletries — 0.6%
		Prestige Brands, Inc.
2,448,662		Term Loan, 7.72%, Maturing April 7, 2011	2,460,905
		Revlon Consumer Products Corp.
1,859,375		Term Loan, 8.38%, Maturing July 9, 2009	1,908,959
			$	4,369,864

Drugs — 1.1%
		Patheon, Inc.
$	2,013,419	Term Loan, 7.74%, Maturing December 14, 2011	$	1,993,285
		Warner Chilcott Corp.
55,067		Term Loan, 7.61%, Maturing January 12, 2012	55,222
11,013		Term Loan, 7.61%, Maturing January 12, 2012	11,044
1,399,980		Term Loan, 7.61%, Maturing January 18, 2012	1,404,209
646,751		Term Loan, 7.61%, Maturing January 18, 2012	648,705
3,474,316		Term Loan, 7.61%, Maturing January 18, 2012	3,484,812
			$	7,597,277
Ecological Services and Equipment — 1.8%
		Alderwoods Group, Inc.
882,090		Term Loan, 7.32%, Maturing August 19, 2010	883,561
		Allied Waste Industries, Inc.
1,502,486		Term Loan, 6.75%, Maturing January 15, 2012	1,501,469
3,869,669		Term Loan, 7.23%, Maturing January 15, 2012	3,866,647
		Duratek, Inc.
664,151		Term Loan, 7.76%, Maturing June 7, 2013	668,925
		Energysolutions, LLC
69,182		Term Loan, 7.58%, Maturing June 7, 2013	69,680
1,466,667		Term Loan, 7.76%, Maturing June 7, 2013	1,477,209
		Environmental Systems, Inc.
1,525,100		Term Loan, 8.93%, Maturing December 12, 2008	1,536,539
		IESI Corp.
1,400,000		Term Loan, 7.23%, Maturing January 20, 2012	1,402,188
		Sensus Metering Systems, Inc.
807,454		Term Loan, 8.38%, Maturing December 17, 2010	807,454
107,254		Term Loan, 8.38%, Maturing December 17, 2010	107,254
			$	12,320,926
Electronics/Electrical — 3.6%
		AMI Semiconductor, Inc.
2,273,683		Term Loan, 7.25%, Maturing April 1, 2012	2,279,367
		Communications & Power, Inc.
838,454		Term Loan, 7.15%, Maturing July 23, 2010	842,122
		Enersys Capital, Inc.
1,960,000		Term Loan, 7.39%, Maturing March 17, 2011	1,967,350
		Epicor Software Corp.
423,938		Term Loan, 7.77%, Maturing March 30, 2012	425,792
		FCI International S.A.S.
242,011		Term Loan, 8.83%, Maturing October 31, 2008	243,599
232,989		Term Loan, 8.83%, Maturing October 31, 2008	236,193
232,989		Term Loan, 8.83%, Maturing November 1, 2013	236,193
242,011		Term Loan, 8.83%, Maturing November 1, 2013	242,389

		Infor Enterprise Solutions
$	2,940,714	Term Loan, 7.84%, Maturing July 28, 2012	$	2,962,158
1,534,286		Term Loan, 9.08%, Maturing July 28, 2012	1,545,474
		Network Solutions, LLC
1,069,625		Term Loan, 10.50%, Maturing January 9, 2012	1,082,995
		Open Solutions, Inc.
1,150,000		Term Loan, 11.78%, Maturing March 3, 2012	1,185,937
		Rayovac Corp.
3,855,195		Term Loan, 8.38%, Maturing February 7, 2012	3,862,423
		Security Co., Inc.
980,022		Term Loan, 8.38%, Maturing June 30, 2010	984,922
3,000,000		Term Loan, 8.38%, Maturing June 30, 2011	3,037,500
		Serena Software, Inc.
632,813		Term Loan, 8.38%, Maturing March 10, 2013	632,733
		Telcordia Technologies, Inc.
2,916,847		Term Loan, 7.64%, Maturing September 15, 2012	2,781,943
		Vertafore, Inc.
950,000		Term Loan, 6.90%, Maturing January 31, 2013	964,646
			$	25,513,736
Equipment Leasing — 1.2%
		Maxim Crane Works, L.P.
1,168,363		Term Loan, 7.43%, Maturing January 28, 2010	1,172,014
		The Hertz Corp.
444,444		Term Loan, 5.42%, Maturing December 21, 2012	447,738
3,540,024		Term Loan, 7.40%, Maturing December 21, 2012	3,566,259
		United Rentals, Inc.
334,029		Term Loan, 6.90%, Maturing February 14, 2011	335,043
3,102,493		Term Loan, 6.90%, Maturing February 14, 2011	3,111,912
			$	8,632,966
Farming/Agriculture — 0.3%
		Central Garden & Pet Co.
2,319,188		Term Loan, 7.11%, Maturing February 28, 2014	2,320,637
			$	2,320,637
Financial Intermediaries — 3.4%
		AIMCO Properties, L.P.
1,950,000		Term Loan, 7.01%, Maturing November 2, 2009	1,957,312
		Ameritrade Holding Corp.
4,602,795		Term Loan, 6.83%, Maturing December 31, 2012	4,602,795
		Coinstar, Inc.
4,565,199		Term Loan, 8.00%, Maturing July 7, 2011	4,596,585
		Fidelity National Information Solutions, Inc.
6,993,525		Term Loan, 7.08%, Maturing March 9, 2013	7,020,009
		LPL Holdings, Inc.
4,004,875		Term Loan, 8.67%, Maturing June 30, 2013	4,054,311

		The Macerich Partnership, L.P.
$	1,350,000	Term Loan, 6.94%, Maturing April 26, 2010	$	1,347,188
			$	23,578,200
Food Products — 2.8%
		Acosta, Inc.
2,400,000		Term Loan, 8.16%, Maturing July 28, 2013	2,425,500
		Advantage Sales & Marketing, Inc.
947,625		Term Loan, 7.27%, Maturing March 29, 2013	942,492
		Chiquita Brands, LLC
757,350		Term Loan, 7.58%, Maturing June 28, 2012	759,874
		Constellation Brands, Inc.
5,750,000		Term Loan, 6.85%, Maturing June 5, 2013	5,775,156
		Del Monte Corp.
1,690,962		Term Loan, 7.04%, Maturing February 8, 2012	1,694,133
		Dole Food Company, Inc.
181,395		Term Loan, 5.37%, Maturing April 12, 2013	178,989
1,357,064		Term Loan, 6.98%, Maturing April 12, 2013	1,339,064
407,119		Term Loan, 7.52%, Maturing April 12, 2013	401,719
		Michael Foods, Inc.
598,500		Term Loan, 7.50%, Maturing November 21, 2010	600,620
		Nutro Products, Inc.
548,625		Term Loan, 7.27%, Maturing April 26, 2013	549,654
		Pinnacle Foods Holdings Corp.
2,595,398		Term Loan, 6.88%, Maturing November 25, 2010	2,600,264
		Reddy Ice Group, Inc.
2,190,000		Term Loan, 8.38%, Maturing August 9, 2012	2,191,369
			$	19,458,834
Food Service — 3.3%
		AFC Enterprises, Inc.
700,359		Term Loan, 7.75%, Maturing May 11, 2011	702,548
		Buffets, Inc.
1,000,000		Term Loan, 4.88%, Maturing June 28, 2009	1,003,750
1,178,327		Term Loan, 8.99%, Maturing June 28, 2009	1,182,746
		Burger King Corp.
1,502,503		Term Loan, 7.00%, Maturing June 30, 2012	1,500,977
		Carrols Corp.
525,250		Term Loan, 8.00%, Maturing December 31, 2010	528,205
		CBRL Group, Inc.
2,218,862		Term Loan, 6.96%, Maturing April 27, 2013	2,208,877
		CKE Restaurants, Inc.
1,629,618		Term Loan, 7.38%, Maturing May 1, 2010	1,631,655
		Denny’s, Inc.
2,484,861		Term Loan, 8.65%, Maturing September 21, 2009	2,499,875
		Domino’s, Inc.
7,405,461		Term Loan, 7.91%, Maturing June 25, 2010	7,411,630

		Jack in the Box, Inc.
$	977,443	Term Loan, 6.84%, Maturing January 8, 2011	$	982,331
		NPC International, Inc.
481,250		Term Loan, 7.14%, Maturing May 3, 2013	479,145
		QCE Finance, LLC
500,000		Term Loan, 7.94%, Maturing May 5, 2013	499,427
1,050,000		Term Loan, 11.25%, Maturing November 5, 2013	1,066,079
		Sagittarius Restaurants, LLC
423,938		Term Loan, 8.38%, Maturing March 29, 2013	424,600
		Weightwatchers.com, Inc.
1,250,000		Term Loan, 10.36%, Maturing June 16, 2011	1,259,375
			$	23,381,220
Food/Drug Retailers — 2.1%
		General Nutrition Centers, Inc.
1,007,137		Term Loan, 8.12%, Maturing December 7, 2009	1,014,376
		Giant Eagle, Inc.
2,059,437		Term Loan, 7.66%, Maturing November 7, 2012	2,063,299
		Roundy’s Supermarkets, Inc.
3,805,875		Term Loan, 8.38%, Maturing November 3, 2011	3,847,504
		Supervalu, Inc.
1,670,813		Term Loan, 7.06%, Maturing June 1, 2012	1,670,918
		The Jean Coutu Group (PJC), Inc.
5,486,300		Term Loan, 8.00%, Maturing July 30, 2011	5,505,732
		The Pantry, Inc.
895,500		Term Loan, 7.64%, Maturing January 2, 2012	898,298
			$	15,000,127
Forest Products — 3.7%
		Appleton Papers, Inc.
3,269,478		Term Loan, 7.67%, Maturing June 11, 2010	3,283,782
		Boise Cascade Holdings, LLC
2,979,519		Term Loan, 7.17%, Maturing October 29, 2011	2,993,907
		Buckeye Technologies, Inc.
1,731,975		Term Loan, 7.23%, Maturing April 15, 2010	1,748,742
		Georgia-Pacific Corp.
9,800,750		Term Loan, 7.35%, Maturing December 20, 2012	9,820,489
2,975,000		Term Loan, 7.00%, Maturing December 23, 2013	3,005,369
		NewPage Corp.
2,244,935		Term Loan, 8.50%, Maturing May 2, 2011	2,260,369
		RLC Industries Co.
1,229,720		Term Loan, 8.38%, Maturing February 24, 2010	1,232,026
		Xerium Technologies, Inc.
1,459,926		Term Loan, 8.00%, Maturing November 19, 2011	1,456,276
			$	25,800,960

Healthcare — 10.2%
		Accellent, Inc.
$	378,100	Term Loan, 7.40%, Maturing November 22, 2012	$	377,626
		Alliance Imaging, Inc.
496,525		Term Loan, 6.75%, Maturing December 29, 2011	497,952
		American Medical Systems
1,900,000		Term Loan, 6.83%, Maturing July 20, 2012	1,902,375
		American Safety Razor Company
1,050,000		Term Loan, 7.28%, Maturing July 31, 2014	1,050,000
		Ameripath, Inc.
967,575		Term Loan, 6.83%, Maturing October 31, 2012	968,059
		AMN Healthcare, Inc.
514,787		Term Loan, 7.25%, Maturing November 2, 2011	515,914
		AMR HoldCo, Inc.
561,134		Term Loan, 7.28%, Maturing February 10, 2012	562,362
		Angiotech Pharmaceuticals, Inc.
547,174		Term Loan, 6.94%, Maturing March 23, 2013	539,878
		Caremore Holdings, Inc.
1,022,438		Term Loan, 8.75%, Maturing February 28, 2013	1,027,870
		Carl Zeiss Topco GMBH
410,000		Term Loan, 7.86%, Maturing February 28, 2013	413,075
820,000		Term Loan, 8.36%, Maturing February 28, 2014	830,250
375,000		Term Loan, 7.86%, Maturing August 31, 2014	380,016
		Community Health Systems, Inc.
6,578,870		Term Loan, 7.15%, Maturing August 19, 2011	6,584,008
		Concentra Operating Corp.
2,494,214		Term Loan, 7.33%, Maturing September 30, 2011	2,502,397
		Conmed Corp.
1,197,000		Term Loan, 7.33%, Maturing April 13, 2013	1,198,496
		CRC Health Corp.
548,625		Term Loan, 7.75%, Maturing February 6, 2013	549,311
		Davita, Inc.
7,187,986		Term Loan, 7.47%, Maturing October 5, 2012	7,218,470
		DJ Orthopedics, LLC
393,286		Term Loan, 7.04%, Maturing April 7, 2013	392,302
		Encore Medical IHC, Inc.
1,583,687		Term Loan, 8.34%, Maturing October 4, 2010	1,589,626
		FGX International, Inc.
600,000		Term Loan, 9.40%, Maturing December 12, 2012	601,500
333,000		Term Loan, 13.15%, Maturing December 9, 2013	324,675
		FHC Health Systems, Inc.
2,000,000		Term Loan, 14.23%, Maturing February 7, 2011	2,070,000
		Fresenius Medical Care Holdings
4,189,500		Term Loan, 6.85%, Maturing March 31, 2013	4,160,115
		Gentiva Health Services, Inc.
487,500		Term Loan, 7.67%, Maturing February 28, 2014	488,719

		Hanger Orthopedic Group, Inc.
$	825,000	Term Loan, 8.00%, Maturing May 30, 2013	$	829,125
		Healthcare Partners, LLC
424,466		Term Loan, 7.86%, Maturing March 2, 2011	426,589
		HealthSouth Corp.
2,375,000		Term Loan, 8.52%, Maturing March 10, 2013	2,386,381
		Iasis Healthcare, LLC
3,920,000		Term Loan, 7.73%, Maturing June 22, 2011	3,946,542
		Kinetic Concepts, Inc.
1,068,455		Term Loan, 7.25%, Maturing August 11, 2010	1,072,240
		Leiner Health Products, Inc.
2,450,000		Term Loan, 8.61%, Maturing May 27, 2011	2,463,017
		Lifecare Holdings, Inc.
967,688		Term Loan, 7.58%, Maturing August 11, 2012	921,319
		Lifepoint Hospitals, Inc.
4,383,241		Term Loan, 7.13%, Maturing April 15, 2012	4,367,716
		Magellan Health Services, Inc.
2,162,162		Term Loan, 5.29%, Maturing August 15, 2008	2,167,568
2,162,162		Term Loan, 7.16%, Maturing August 15, 2008	2,167,568
		Matria Healthcare, Inc.
88,462		Term Loan, 7.65%, Maturing January 19, 2007	87,798
600,000		Term Loan, 12.15%, Maturing January 19, 2007	609,750
202,827		Term Loan, 7.71%, Maturing January 19, 2012	203,080
		Medcath Holdings Corp.
425,031		Term Loan, 7.23%, Maturing July 2, 2011	425,296
		Multiplan Merger Corp.
1,028,048		Term Loan, 7.50%, Maturing April 12, 2013	1,023,336
		National Mentor Holdings, Inc.
1,156,400		Term Loan, 9.00%, Maturing June 29, 2013	1,162,182
68,600		Term Loan, 9.00%, Maturing June 29, 2013	68,943
		National Rental Institutes, Inc.
975,000		Term Loan, 9.00%, Maturing March 31, 2013	977,133
		PER-SE Technologies, Inc.
1,084,195		Term Loan, 7.74%, Maturing January 6, 2013	1,088,261
		Renal Advantage, Inc.
372,188		Term Loan, 8.38%, Maturing October 6, 2012	374,281
		Select Medical Holding Corp.
2,334,222		Term Loan, 8.38%, Maturing February 24, 2012	2,300,663
		Sunrise Medical Holdings, Inc.
1,000,000		Term Loan, 8.63%, Maturing May 13, 2010	1,001,250
		Talecris Biotherapeutics, Inc.
1,110,938		Term Loan, 8.65%, Maturing March 31, 2010	1,116,492
468,750		Term Loan, 7.06%, Maturing May 31, 2010	468,750

		Vanguard Health Holding Co., LLC
$	1,354,478	Term Loan, 6.90%, Maturing September 23, 2011	$	1,357,018
		VWR International, Inc.
1,831,526		Term Loan, 7.77%, Maturing April 7, 2011	1,836,678
			$	71,593,972
Home Furnishings — 1.1%
		Interline Brands, Inc.
1,116,304		Term Loan, 7.26%, Maturing June 23, 2013	1,118,397
858,696		Term Loan, 7.26%, Maturing June 23, 2013	860,306
		Knoll, Inc.
1,819,163		Term Loan, 7.25%, Maturing October 3, 2012	1,829,395
		National Bedding Co., LLC
550,000		Term Loan, 8.40%, Maturing August 31, 2012	558,594
		Simmons Co.
3,208,037		Term Loan, 8.38%, Maturing December 19, 2011	3,230,593
			$	7,597,285
Industrial Equipment — 1.1%
		Aearo Technologies, Inc.
400,000		Term Loan, 7.42%, Maturing September 24, 2013	407,500
		Alliance Laundry Holdings, LLC
516,250		Term Loan, 7.62%, Maturing January 27, 2012	518,993
		Douglas Dynamics Holdings, Inc.
878,579		Term Loan, 7.25%, Maturing December 16, 2010	880,776
		Flowserve Corp.
2,247,060		Term Loan, 6.98%, Maturing August 10, 2012	2,253,381
		Gleason Corp.
725,000		Term Loan, 7.95%, Maturing June 30, 2013	729,531
400,000		Term Loan, 10.97%, Maturing December 31, 2013	406,000
		Nacco Materials Handling Group, Inc.
700,000		Term Loan, 7.37%, Maturing March 22, 2013	698,250
		TFS Acquisition Corp.
2,000,000		Term Loan, 7.64%, Maturing August 11, 2013	2,015,000
			$	7,909,431
Insurance — 1.1%
		ARG Holding, Inc.
1,400,000		Term Loan, 12.75%, Maturing November 30, 2012	1,419,250
		CCC Information Services Group
775,000		Term Loan, 8.00%, Maturing February 10, 2013	779,521
		Conseco, Inc.
3,312,410		Term Loan, 7.25%, Maturing June 22, 2010	3,318,621
		U.S.I. Holdings Corp.
2,221,806		Term Loan, 6.90%, Maturing March 24, 2011	2,232,915
			$	7,750,307

Leisure Goods/Activities/Movies — 7.9%
		24 Hour Fitness Worldwide, Inc.
$	1,860,338	Term Loan, 7.62%, Maturing June 8, 2012	$	1,875,454
		Alliance Atlantis Communications, Inc.
689,275		Term Loan, 7.62%, Maturing December 20, 2011	689,562
		AMC Entertainment, Inc.
2,089,500		Term Loan, 7.53%, Maturing January 26, 2013	2,103,391
		Bombardier Recreational Product
2,225,000		Term Loan, 8.24%, Maturing June 28, 2013	2,223,609
		Century California Subsidiary
2,453,976		Term Loan, 7.11%, Maturing March 1, 2013	2,458,270
		Cinemark, Inc.
2,902,578		Term Loan, 7.26%, Maturing March 31, 2011	2,910,560
		Deluxe Entertainment Services
1,032,500		Term Loan, 9.25%, Maturing January 28, 2011	1,068,637
		Easton-Bell Sports, Inc.
623,438		Term Loan, 6.82%, Maturing March 16, 2013	624,346
		Fender Musical Instruments Co.
785,000		Term Loan, 11.12%, Maturing March 30, 2012	796,775
		HEI Acquisition, LLC
650,000		Term Loan, 8.00%, Maturing December 31, 2011	653,250
		Mega Blocks, Inc.
1,806,750		Term Loan, 7.20%, Maturing July 26, 2012	1,806,750
		Metro-Goldwyn-Mayer Holdings, Inc.
10,194,450		Term Loan, 8.75%, Maturing April 8, 2012	10,169,943
		Regal Cinemas Corp.
9,511,649		Term Loan, 8.38%, Maturing November 10, 2010	9,489,848
		Six Flags Theme Parks, Inc.
7,942,036		Term Loan, 8.38%, Maturing June 30, 2009	8,071,801
		Southwest Sports Group, LLC
2,000,000		Term Loan, 8.00%, Maturing December 22, 2010	2,001,250
		Universal City Development Partners, Ltd.
2,038,400		Term Loan, 6.90%, Maturing June 9, 2011	2,042,860
		WMG Acquisition Corp.
6,395,245		Term Loan, 7.39%, Maturing February 28, 2011	6,423,627
			$	55,409,933
Lodging and Casinos — 3.8%
		Alliance Gaming Corp.
2,760,035		Term Loan, 7.62%, Maturing September 5, 2009	2,768,086
		Ameristar Casinos, Inc.
1,218,875		Term Loan, 8.50%, Maturing November 10, 2012	1,219,447
		CCM Merger, Inc.
1,580,295		Term Loan, 7.45%, Maturing April 25, 2012	1,577,332
		Columbia Entertainment
336,741		Term Loan, 7.38%, Maturing October 24, 2011	338,425

		Fairmont Hotels and Resorts, Inc.
$	1,550,000	Term Loan, 8.58%, Maturing May 12, 2011	$	1,563,563
		Globalcash Access, LLC
638,913		Term Loan, 7.08%, Maturing March 10, 2010	638,913
		Isle of Capri Casinos, Inc.
2,492,050		Term Loan, 7.17%, Maturing February 4, 2011	2,496,411
		Penn National Gaming, Inc.
7,220,438		Term Loan, 7.20%, Maturing October 3, 2012	7,257,442
		Pinnacle Entertainment, Inc.
700,000		Term Loan, 7.33%, Maturing December 14, 2011	702,407
		Resorts International Holdings, LLC
1,188,936		Term Loan, 8.38%, Maturing April 26, 2012	1,197,705
1,151,050		Term Loan, 8.38%, Maturing April 26, 2013	1,197,092
		Venetian Casino Resort, LLC
3,770,887		Term Loan, 6.90%, Maturing June 15, 2011	3,771,181
777,502		Term Loan, 6.90%, Maturing June 15, 2011	777,563
		VML US Finance, LLC
500,000		Term Loan, 0.00%, Maturing May 25, 2012 (3)	499,636
1,000,000		Term Loan, 6.90%, Maturing May 25, 2013	1,005,000
			$	27,010,203
Nonferrous Metals/Minerals — 2.0%
		Almatis Holdings 5 BV
362,500		Term Loan, 4.88%, Maturing December 21, 2013	367,517
362,500		Term Loan, 4.88%, Maturing December 21, 2014	369,135
		Alpha Natural Resources, LLC
970,125		Term Loan, 7.25%, Maturing October 26, 2012	970,580
		Carmeuse Lime, Inc.
650,685		Term Loan, 7.25%, Maturing May 2, 2011	652,312
		International Mill Service, Inc.
2,000,000		Term Loan, 7.26%, Maturing October 26, 2011	2,007,500
		Magnequench International, Inc.
1,714,875		Term Loan, 8.20%, Maturing August 31, 2009	1,718,090
		Magnum Coal Co.
209,091		Term Loan, 8.58%, Maturing March 15, 2013	209,352
2,085,682		Term Loan, 8.75%, Maturing March 15, 2013	2,088,289
		Murray Energy Corp.
965,300		Term Loan, 8.40%, Maturing January 28, 2010	974,953
		Novelis, Inc.
1,171,113		Term Loan, 7.36%, Maturing January 7, 2012	1,176,966
2,036,462		Term Loan, 7.72%, Maturing January 7, 2012	2,046,638
		Stillwater Mining Co.
1,356,686		Term Loan, 7.63%, Maturing July 30, 2010	1,361,773
			$	13,943,105

Oil and Gas — 3.5%
		Coffeyville Resources, LLC
$	850,000	Term Loan, 12.13%, Maturing June 24, 2013	$	877,625
		Concho Resources, Inc.
2,425,000		Term Loan, 7.15%, Maturing July 6, 2011 (4)	2,413,603
		Dresser, Inc.
529,268		Term Loan, 7.83%, Maturing March 31, 2007	534,561
		El Paso Corp.
1,500,000		Term Loan, 7.43%, Maturing July 31, 2011	1,509,777
		Epco Holdings, Inc.
444,249		Term Loan, 8.93%, Maturing August 18, 2008	445,637
2,262,150		Term Loan, 7.38%, Maturing August 18, 2010	2,277,879
		Key Energy Services, Inc.
1,328,325		Term Loan, 9.11%, Maturing June 30, 2012	1,335,797
		LB Pacific, L.P.
1,617,044		Term Loan, 7.95%, Maturing March 3, 2012	1,625,129
		Niska Gas Storage
278,788		Term Loan, 7.03%, Maturing May 13, 2011	278,788
291,995		Term Loan, 7.03%, Maturing May 13, 2011	291,995
195,152		Term Loan, 0.00%, Maturing May 13, 2011 (3)	195,152
1,529,674		Term Loan, 7.03%, Maturing May 12, 2013	1,529,674
		Petroleum Geo-Services ASA
1,327,338		Term Loan, 7.75%, Maturing December 16, 2012	1,338,952
		Primary Natural Resources, Inc.
1,745,625		Term Loan, 9.50%, Maturing July 28, 2010 (4)	1,742,308
		Targa Resources, Inc.
1,855,000		Term Loan, 7.06%, Maturing October 31, 2007	1,857,705
1,410,000		Term Loan, 7.06%, Maturing October 31, 2012	1,416,919
2,515,988		Term Loan, 7.06%, Maturing October 31, 2012	2,528,333
		Universal Compression, Inc.
1,135,632		Term Loan, 6.90%, Maturing February 15, 2012	1,136,578
		W&T Offshore, Inc.
1,150,000		Term Loan, 7.75%, Maturing May 26, 2010	1,155,511
			$	24,491,923
Publishing — 5.7%
		American Media Operations, Inc.
1,000,000		Term Loan, 8.12%, Maturing January 31, 2013	1,007,375
		Caribe Information Investments
872,813		Term Loan, 7.49%, Maturing March 31, 2013	873,904
		CBD Media, LLC
3,533,614		Term Loan, 7.83%, Maturing December 31, 2009	3,555,699
		Dex Media East, LLC
4,005,674		Term Loan, 6.88%, Maturing May 8, 2009	3,997,887
		Dex Media West, LLC
3,549,993		Term Loan, 6.86%, Maturing March 9, 2010	3,539,101

		Gatehouse Media Operating, Inc.
$	1,875,000	Term Loan, 7.66%, Maturing June 6, 2013	$	1,878,516
		Hanley-Wood, LLC
59,099		Term Loan, 7.67%, Maturing August 1, 2012	59,062
498,534		Term Loan, 7.70%, Maturing August 1, 2012	498,223
		Medianews Group, Inc.
554,986		Term Loan, 6.58%, Maturing August 25, 2010	549,436
1,075,000		Term Loan, 7.22%, Maturing August 2, 2013	1,077,688
		Merrill Communications, LLC
5,454,516		Term Loan, 7.65%, Maturing May 5, 2011	5,483,496
		Nebraska Book Co., Inc.
1,458,882		Term Loan, 9.00%, Maturing March 4, 2011	1,465,265
		Philadelphia Newspapers, LLC
825,000		Term Loan, 8.20%, Maturing June 29, 2013	829,641
		R.H. Donnelley Corp.
104,779		Term Loan, 8.38%, Maturing December 31, 2009	103,871
9,752,606		Term Loan, 8.38%, Maturing June 30, 2011	9,700,030
		Source Media, Inc.
1,332,450		Term Loan, 7.61%, Maturing November 8, 2011	1,338,279
		Xsys US, Inc.
2,004,256		Term Loan, 8.00%, Maturing December 31, 2012	2,021,794
2,031,126		Term Loan, 8.50%, Maturing December 31, 2013	2,059,054
			$	40,038,321
Radio and Television — 6.4%
		Adams Outdoor Advertising, L.P.
3,528,028		Term Loan, 7.27%, Maturing October 18, 2012	3,537,952
		ALM Media Holdings, Inc.
1,175,974		Term Loan, 8.00%, Maturing March 5, 2010	1,175,607
		Block Communications, Inc.
945,250		Term Loan, 7.50%, Maturing December 22, 2011	948,204
		Cequel Communications, LLC
1,800,000		Term Loan, 9.99%, Maturing May 5, 2014	1,746,000
3,308,041		Term Loan, 11.49%, Maturing May 5, 2014	3,183,990
		CMP KC, LLC
1,000,000		Term Loan, 9.31%, Maturing May 3, 2011	1,001,250
		CMP Susquehanna Corp.
1,541,250		Term Loan, 7.31%, Maturing May 5, 2013	1,541,010
		Cumulus Media, Inc.
1,600,000		Term Loan, 7.45%, Maturing June 7, 2013	1,606,125
		DirecTV Holdings, LLC
3,983,275		Term Loan, 6.82%, Maturing April 13, 2013	3,988,254
		Emmis Operating Co.
829,722		Term Loan, 7.08%, Maturing November 10, 2011	831,861
		Entravision Communications Corp.
1,463,938		Term Loan, 7.01%, Maturing September 29, 2013	1,465,311

		Gray Television, Inc.
$	1,417,875	Term Loan, 7.01%, Maturing November 22, 2015	$		1,418,761
		HIT Entertainment, Inc.
1,311,750		Term Loan, 7.70%, Maturing March 20, 2012	1,319,401
		Intelsat Subsuduary Holding Co.
1,100,000		Term Loan, 7.76%, Maturing July 3, 2013	1,106,416
		NEP Supershooters, L.P.
1,916,927		Term Loan, 13.50%, Maturing August 3, 2011	1,945,681
		Nexstar Broadcasting, Inc.
2,027,887		Term Loan, 7.25%, Maturing October 1, 2012	2,023,663
1,969,640		Term Loan, 7.25%, Maturing October 1, 2012	1,965,538
		NextMedia Operating, Inc.
309,205		Term Loan, 7.33%, Maturing November 15, 2012	308,239
137,423		Term Loan, 7.33%, Maturing November 15, 2012	136,994
		Panamsat Corp.
2,750,000		Term Loan, 8.78%, Maturing January 3, 2014	2,771,486
		Patriot Media and Communications CNJ, LLC
600,000		Term Loan, 10.50%, Maturing October 4, 2013	613,500
		Paxson Communcations Corp.
2,775,000		Term Loan, 8.76%, Maturing December 30, 2011	2,820,094
		Raycom TV Broadcasting, LLC
3,133,644		Term Loan, 8.38%, Maturing August 28, 2013		3,119,935
		SFX Entertainment
1,567,125		Term Loan, 8.38%, Maturing June 21, 2013		1,569,737
		Spanish Broadcasting System
994,962		Term Loan, 7.75%, Maturing June 11, 2012		995,584
		Young Broadcasting, Inc.
997,500		Term Loan, 8.00%, Maturing November 3, 2012		993,292
806,850		Term Loan, 8.50%, Maturing November 3, 2012		803,446
				$		44,937,331
Rail Industries — 0.9%
		Kansas City Southern Railway Co.
2,250,000		Term Loan, 6.18%, Maturing February 28, 2013		2,255,625
		Railamerica, Inc.
3,825,645		Term Loan, 4.88%, Maturing September 29, 2011		3,841,188
452,228		Term Loan, 7.44%, Maturing September 29, 2011		454,065
				$		6,550,878
Retailers (Except Food and Drug) — 4.6%
		Advance Stores Company, Inc.
162,686		Term Loan, 6.87%, Maturing September 30, 2010		162,889
96,713		Term Loan, 6.95%, Maturing September 30, 2010		96,834
		Alimentation Couche-Tard, Inc.
3,599,399		Term Loan, 7.13%, Maturing December 17, 2010		3,622,644

		American Achievement Corp.
$	1,722,128	Term Loan, 5.25%, Maturing March 25, 2011	$	1,735,044
		Amscan Holdings, Inc.
1,596,000		Term Loan, 8.32%, Maturing December 23, 2012	1,604,646
		Coinmach Laundry Corp.
3,892,132		Term Loan, 8.00%, Maturing December 19, 2012	3,922,541
		FTD, Inc.
800,000		Term Loan, 7.41%, Maturing July 28, 2013	803,500
		Harbor Freight Tools USA, Inc.
2,125,354		Term Loan, 7.22%, Maturing July 15, 2010	2,127,214
		Home Interiors & Gifts, Inc.
2,751,969		Term Loan, 10.39%, Maturing March 31, 2011	2,380,453
		Josten’s Corp.
4,760,195		Term Loan, 7.97%, Maturing October 4, 2010	4,787,567
		Mapco Express, Inc.
606,564		Term Loan, 8.20%, Maturing April 28, 2011	611,492
		Mauser Werke GMBH & Co. KG
1,300,000		Term Loan, 8.25%, Maturing December 3, 2011	1,308,125
		Movie Gallery, Inc.
593,864		Term Loan, 10.75%, Maturing April 27, 2011	563,057
		Neiman Marcus Group, Inc.
1,020,570		Term Loan, 9.00%, Maturing April 5, 2013	1,029,967
		Oriental Trading Company, Inc.
975,000		Term Loan, 11.47%, Maturing January 31, 2013	985,969
1,850,000		Term Loan, 8.18%, Maturing July 31, 2013	1,852,697
		Sears Canada, Inc.
997,500		Term Loan, 8.38%, Maturing December 22, 2012	999,370
		Travelcenters of America, Inc.
3,422,800		Term Loan, 6.90%, Maturing November 30, 2008	3,424,939
			$	32,018,948
Steel — 0.2%
		Gibraltar Industries, Inc.
529,891		Term Loan, 7.19%, Maturing December 8, 2010	529,891
		John Maneely Co.
529,659		Term Loan, 8.51%, Maturing March 25, 2013	534,404
			$	1,064,295
Surface Transport — 1.1%
		Gainey Corp.
850,000		Term Loan, 6.07%, Maturing April 20, 2012	856,375
		Horizon Lines, LLC
2,964,500		Term Loan, 7.40%, Maturing July 7, 2011	2,976,545
		Ozburn-Hessey Holding Co., LLC
500,000		Term Loan, 8.78%, Maturing August 9, 2012	500,000

		Sirva Worldwide, Inc.
$	1,819,506	Term Loan, 8.38%, Maturing December 1, 2010	$	1,743,692
		Vanguard Car Rental USA
1,800,000		Term Loan, 6.90%, Maturing June 14, 2013	1,804,275
			$	7,880,887
Telecommunications — 5.1%
		Alaska Communications Systems Holdings, Inc.
1,105,000		Term Loan, 7.25%, Maturing February 1, 2011	1,103,204
		Asurion Corp.
1,550,000		Term Loan, 8.33%, Maturing July 13, 2012	1,553,875
1,050,000		Term Loan, 11.58%, Maturing January 13, 2013	1,063,125
		Cellular South, Inc.
1,319,040		Term Loan, 9.35%, Maturing May 4, 2011	1,320,278
		Centennial Cellular Operating Co., LLC
4,594,820		Term Loan, 7.11%, Maturing February 9, 2011	4,631,331
		Cincinnati Bell, Inc.
719,563		Term Loan, 6.99%, Maturing August 31, 2012	717,764
		Consolidated Communications, Inc.
4,496,651		Term Loan, 7.44%, Maturing October 14, 2011	4,499,462
		Crown Castle Operating Co.
1,000,000		Term Loan, 7.65%, Maturing June 1, 2014	1,006,667
		D&E Communications, Inc.
1,464,568		Term Loan, 8.03%, Maturing December 31, 2011	1,471,891
		Fairpoint Communications, Inc.
3,235,000		Term Loan, 11.75%, Maturing February 8, 2012	3,215,794
		Hawaiian Telcom Communications, Inc.
828,156		Term Loan, 7.75%, Maturing October 31, 2012	830,744
		Iowa Telecommunications Services
688,000		Term Loan, 7.24%, Maturing November 23, 2011	689,577
		IPC Acquisition Corp.
497,360		Term Loan, 8.03%, Maturing August 5, 2011	500,096
		Madison River Capital, LLC
600,000		Term Loan, 7.73%, Maturing July 31, 2012	603,000
		NTelos, Inc.
1,334,691		Term Loan, 7.58%, Maturing August 24, 2011	1,335,191
		Stratos Global Corp.
1,175,000		Term Loan, 8.25%, Maturing February 13, 2012	1,172,797
		Triton PCS, Inc.
3,177,940		Term Loan, 6.90%, Maturing November 18, 2009	3,206,144
		Westcom Corp.
809,639		Term Loan, 12.54%, Maturing December 17, 2010	810,652
1,000,000		Term Loan, 12.54%, Maturing June 17, 2011	1,006,875
		Windstream Corp.
4,700,000		Term Loan, 7.26%, Maturing July 17, 2013	4,730,216
			$	35,468,683

Utilities — 3.7%
		Astoria Generating Co.
$	1,000,000	Term Loan, 9.20%, Maturing August 23, 2013	$	1,012,375
		BRSP, LLC
2,100,000		Term Loan, 8.58%, Maturing July 13, 2009	2,110,500
		Cellnet Technology, Inc.
625,255		Term Loan, 8.50%, Maturing April 26, 2012	633,071
		Cogentrix Delaware Holdings, Inc.
736,082		Term Loan, 7.00%, Maturing April 14, 2012	737,769
		Covanta Energy Corp.
1,092,683		Term Loan, 6.85%, Maturing May 27, 2013	1,101,105
783,018		Term Loan, 7.70%, Maturing May 27, 2013	789,054
520,000		Term Loan, 10.96%, Maturing June 24, 2013	531,700
		KGen, LLC
987,500		Term Loan, 8.12%, Maturing August 5, 2011	991,203
		La Paloma Generating Co., LLC
327,399		Term Loan, 7.25%, Maturing August 16, 2012	326,990
55,738		Term Loan, 7.25%, Maturing August 16, 2012	55,668
26,075		Term Loan, 7.25%, Maturing August 16, 2012	26,043
		LSP General Finance Co., LLC
1,007,576		Term Loan, 7.25%, Maturing April 14, 2013	1,005,896
42,424		Term Loan, 8.67%, Maturing April 14, 2013 (3)	42,354
		Mirant North America, LLC
1,218,875		Term Loan, 8.75%, Maturing January 3, 2013	1,217,678
		NRG Energy, Inc.
8,827,875		Term Loan, 7.33%, Maturing February 1, 2013	8,871,555
2,050,000		Term Loan, 7.50%, Maturing February 1, 2013	2,058,456
		Pike Electric, Inc.
1,973,599		Term Loan, 6.88%, Maturing July 1, 2012	1,972,983
535,779		Term Loan, 6.88%, Maturing July 2, 2012	535,612
		Plains Resources, Inc.
665,243		Term Loan, 7.48%, Maturing August 12, 2011	666,075
		Reliant Energy, Inc.
320,941		Term Loan, 8.38%, Maturing December 22, 2010	321,393
		Wolf Hollow I L.P.
437,043		Term Loan, 7.39%, Maturing June 22, 2012	439,229
450,000		Term Loan, 7.58%, Maturing June 22, 2012	452,250
			$	25,898,959
Total Senior, Floating Rate Interests (identified cost $966,381,383)			$	966,670,593

Corporate Bonds & Notes — 13.9%

Principal
Amount
(000’s omitted)		Security	Value
Aerospace and Defense — 0.2%
		Argo Tech Corp., Sr. Notes
$	1,540	9.25%, 6/1/11	$	1,597,750
		DRS Technologies, Inc., Sr. Sub. Notes
90		7.625%, 2/1/18	90,450
			$	1,688,200
Automotive — 0.8%
		Altra Industrial Motion, Inc.
250		9.00%, 12/1/11	252,500
		Commercial Vehicle Group, Inc., Sr. Notes
110		8.00%, 7/1/13	105,325
		Ford Motor Credit Co.
1,100		8.466%, 11/2/07	1,110,738
220		6.625%, 6/16/08	216,435
795		7.375%, 10/28/09	780,281
375		7.875%, 6/15/10	368,852
		Ford Motor Credit Co., Sr. Notes
745		9.875%, 8/10/11	779,131
		General Motors Acceptance Corp.
270		6.125%, 9/15/06	269,960
220		5.125%, 5/9/08	213,985
110		5.85%, 1/14/09	106,816
45		7.00%, 2/1/12	44,300
980		8.00%, 11/1/31	993,165
		Tenneco Automotive, Inc., Series B
145		10.25%, 7/15/13	158,594
		Tenneco Automotive, Inc., Sr. Sub. Notes
280		8.625%, 11/15/14	280,700
		Visteon Corp., Sr. Notes
200		8.25%, 8/1/10	197,000
85		7.00%, 3/10/14	75,862
			$	5,953,644
Brokers/Dealers/Investment Houses — 0.1%
		*ETrade Financial Corp., Sr. Notes**
15		8.00%, 6/15/11	15,637
		Residential Capital Corp., Sub. Notes, Variable Rate
545		7.337%, 4/17/09 (6)	547,814
			$	563,451

Building and Development — 0.5%
		Collins & Aikman Floor Cover
$	400	9.75%, 2/15/10	$	395,000
		General Cable Corp., Sr. Notes
130		9.50%, 11/15/10	139,750
		Interline Brands, Inc., Sr. Sub. Notes
150		8.125%, 6/15/14	151,875
		Mueller Group, Inc., Sr. Sub. Notes
390		10.00%, 5/1/12	427,050
		Mueller Holdings, Inc., Disc. Notes, (0.00% until 2009)
83		14.75%, 4/15/14	73,455
		Nortek, Inc., Sr. Sub. Notes
930		8.50%, 9/1/14	869,550
		Panolam Industries International, Sr. Sub. Notes
325		10.75%, 10/1/13 (6)	316,875
		RMCC Acquisition Co., Sr. Sub. Notes
835		10.00%, 11/1/12 (6)	876,750
		Stanley-Martin Co.
90		9.75%, 8/15/15	70,650
			$	3,320,955
Business Equipment and Services — 0.7%
		Activant Solutions, Inc., Sr. Sub. Notes
110		9.50%, 5/1/16 (6)	103,675
		Affinion Group, Inc.
110		10.125%, 10/15/13 (6)	114,675
		Affinion Group, Inc., Sr. Sub. Notes
150		11.50%, 10/15/15 (6)	152,250
		Hydrochem Industrial Services, Inc., Sr. Sub Notes
100		9.25%, 2/15/13 (6)	99,000
		Knowledge Learning Center, Sr. Sub. Notes
180		7.75%, 2/1/15 (6)	167,850
		Lamar Media Corp.
150		6.625%, 8/15/15 (6)	141,375
		Norcross Safety Products, LLC/Norcross Capital Corp., Sr. Sub. Notes, Series B
1,040		9.875%, 8/15/11	1,097,200
		Safety Products Holdings, Inc., Sr. Notes (PIK)
315		11.75%, 1/1/12 (4)	326,546
		Sungard Data Systems, Inc.
445		9.125%, 8/15/13	461,687
344		10.25%, 8/15/15	353,030
		Sungard Data Systems, Inc., Variable Rate
110		9.973%, 8/15/13	115,500

		United Rentals North America, Inc.
$	490	6.50%, 2/15/12	$	466,725
		United Rentals North America, Inc., Sr. Sub. Notes
1,000		7.75%, 11/15/13	962,500
			$	4,562,013
Cable and Satellite Television — 0.8%
		Cablevision Systems Corp., Sr. Notes, Series B, Variable Rate
240		9.62%, 4/1/09	257,100
		CCO Holdings, LLC / CCO Capital Corp., Sr. Notes
1,785		8.75%, 11/15/13	1,793,925
		CSC Holdings, Inc., Series B
105		8.125%, 8/15/09	108,937
		CSC Holdings, Inc., Sr. Notes, Series B
35		7.625%, 4/1/11	35,962
		Insight Communications, Sr. Disc. Notes
295		12.25%, 2/15/11	314,175
		Kabel Deutschland GMBH
220		10.625%, 7/1/14 (6)	236,500
		NTL Cable, PLC
150		8.75%, 4/15/14	156,375
		UGS Corp.
2,320		10.00%, 6/1/12	2,505,600
			$	5,408,574
Chemicals and Plastics — 1.0%
		BCP Crystal Holdings Corp., Sr. Sub. Notes
435		9.625%, 6/15/14	473,606
		Crystal US Holdings / US Holdings 3, LLC, Sr. Disc. Notes, Series B, (0.00% until 2009)
1,004		10.50%, 10/1/14	805,710
		Equistar Chemical, Sr. Notes
125		10.625%, 5/1/11	135,000
		Hexion U.S. Finance/Nova Scotia Finance
1,115		9.00%, 7/15/14	1,126,150
		Ineos Group Holdings PLC
815		8.50%, 2/15/16 (6)	778,325
		Nova Chemicals Corp., Sr. Notes Variable Rate
215		8.405%, 11/15/13	220,644
		OM Group, Inc.
2,010		9.25%, 12/15/11	2,100,450
		Polyone Corp., Sr. Notes
710		10.625%, 5/15/10	765,025
70		8.875%, 5/1/12	70,525

		Reichhold Industries Inc.
$	150	9.00%, 8/15/14 (6)	$	147,750
		Rockwood Specialties Group, Sr. Sub. Notes
328		10.625%, 5/15/11	353,420
			$	6,976,605
Clothing/Textiles — 0.5%
		Levi Strauss & Co., Sr. Notes
920		12.25%, 12/15/12	1,035,000
105		9.75%, 1/15/15	109,200
220		8.875%, 4/1/16	218,350
		Levi Strauss & Co., Sr. Notes, Variable Rate
425		10.258%, 4/1/12	440,937
		Oxford Industries, Inc., Sr. Notes
1,290		8.875%, 6/1/11	1,309,350
		Perry Ellis International, Inc., Sr. Sub. Notes
205		8.875%, 9/15/13	199,875
		Phillips Van-Heusen, Sr. Notes
50		7.25%, 2/15/11	50,125
		Quiksilver, Inc.
45		6.875%, 4/15/15	42,187
			$	3,405,024
Conglomerates — 0.3%
		Amsted Industries, Inc., Sr. Notes
1,000		10.25%, 10/15/11 (6)	1,085,000
		Education Management, LLC, Sr. Notes
310		8.75%, 6/1/14 (6)	308,450
		Education Management, LLC, Sr. Sub. Notes
430		10.25%, 6/1/16 (6)	427,850
		Goodman Global Holdings, Inc., Sr. Notes, Variable Rate
234		8.329%, 6/15/12	234,585
			$	2,055,885
Containers and Glass Products — 0.1%
		Intertape Polymer US, Inc., Sr. Sub. Notes
825		8.50%, 8/1/14	773,437
		Pliant Corp.
215		11.625%, 6/15/09 (4)	233,374
			$	1,006,811
Ecological Services and Equipment — 0.1%
		Waste Services, Inc., Sr. Sub. Notes
570		9.50%, 4/15/14	584,250
			$	584,250

Electronic/Electric — 0.1%
		Amkor Technologies, Inc., Sr. Notes
$	485	7.125%, 3/15/11	$	462,569
110		7.75%, 5/15/13	103,812
		CPI Holdco, Inc., Sr. Notes, Variable Rate
110		11.298%, 2/1/15	113,850
		Avago Technologies Finance, Sr. Notes
155		10.125%, 12/1/13 (6)	162,944
			$	843,175
Equipment Leasing — 0.2%
		Hertz Corp., Sr. Notes
1,065		8.875%, 1/1/14 (6)	1,110,262
		Hertz Corp., Sr. Sub. Notes
82		10.50%, 1/1/16 (6)	88,765
			$	1,199,027
Financial Intermediaries — 1.3%
		Alzette, Variable Rate
750		8.636%, 12/15/20 (6)	767,344
		Avalon Capital Ltd. 3, Series 1A, Class D, Variable Rate
760		7.35%, 2/24/19 (6)	764,317
		Babson Ltd., Series 2005-1A, Class C1, Variable Rate
1,000		7.457%, 4/15/19 (6)	1,014,380
		Bryant Park CDO Ltd., Series 2005-1A, Class C, Variable Rate
1,000		7.557%, 1/15/19 (6)	1,017,030
		Centurion CDO 8 Ltd., Series 2005 8A, Class D, Variable Rate
1,000		10.77%, 3/8/17	1,055,370
		Centurion CDO 9 Ltd., Series 2005-9A
750		9.35%, 7/17/19	778,275
		First CLO, Ltd., Sr. Sub. Notes, Variable Rate
1,000		7.79%, 7/27/16 (6)	1,000,000
		Sonata Securities S.A., Series 2006-5
750		0.00%, 6/27/07	760,897
		Sonata Securities S.A., Series 2006-6
750		0.00%, 6/27/07	760,897
		Stanfield Vantage Ltd., Series 2005-1A, Class D, Variable Rate
1,000		7.474%, 3/21/17 (6)	1,007,370
			$	8,925,880
Food Products — 0.1%
		ASG Consolidated, LLC / ASG Finance, Inc., Sr. Disc. Notes, (0.00% until 2008)
550		11.50%, 11/1/11	479,875
		Nutro Products, Inc., Sr. Notes, Variable Rate
85		9.23%, 10/15/13 (6)	87,975

		Nutro Products, Inc., Sr. Sub. Notes
$	130	10.75%, 4/15/14 (6)	$	137,800
		Pierre Foods, Inc., Sr. Sub. Notes
40		9.875%, 7/15/12	40,600
		Pinnacle Foods Holdings Corp., Sr. Sub. Notes
115		8.25%, 12/1/13	113,562
			$	859,812
Food Service — 0.1%
		EPL Finance Corp., Sr. Notes
290		11.75%, 11/15/13 (6)	325,525
		NPC International, Inc., Sr. Sub. Notes
240		9.50%, 5/1/14 (6)	233,400
			$	558,925
Food/Drug Retailers — 0.2%
		General Nutrition Centers, Inc.
105		8.625%, 1/15/11	105,525
		Jean Coutu Group (PJC), Inc., Sr. Sub. Notes
85		8.50%, 8/1/14	81,494
		Rite Aid Corp.
385		7.125%, 1/15/07	387,887
980		6.125%, 12/15/08 (6)	953,050
215		8.125%, 5/1/10	216,881
			$	1,744,837
Forest Products — 0.2%
		Abitibi-Consolidated, Inc.
195		6.95%, 4/1/08	194,512
		Domtar, Inc.
210		7.125%, 8/1/15	196,350
		JSG Funding PLC, Sr. Notes
365		9.625%, 10/1/12	382,794
		NewPage Corp.
380		10.00%, 5/1/12	394,250
		NewPage Corp., Variable Rate
155		11.739%, 5/1/12	168,175
		Stone Container Corp.
255		7.375%, 7/15/14	230,775
			$	1,566,856
Healthcare — 0.9%
		Accellent, Inc.
485		10.50%, 12/1/13	503,187
		AMR HoldCo, Inc./EmCare HoldCo, Inc., Sr. Sub. Notes
355		10.00%, 2/15/15	379,850
		CDRV Investors, Inc., Sr. Disc. Notes, (0.00% until 2010)
35		9.625%, 1/1/15	25,375

		Encore Medical IHC, Inc.
$	305	9.75%, 10/1/12	$	336,262
		HCA, Inc.
50		8.75%, 9/1/10	50,500
		Inverness Medical Innovations, Inc., Sr. Sub. Notes
550		8.75%, 2/15/12	547,250
		Multiplan, Inc., Sr. Sub. Notes
270		10.375%, 4/15/16 (6)	273,375
		National Mentor, Inc., Sr. Sub. Notes
215		11.25%, 7/1/14 (6)	222,525
		Res-Care, Inc., Sr. Notes
220		7.75%, 10/15/13	220,550
		Service Corp. International, Sr. Notes
440		8.00%, 6/15/17 (6)	423,500
		Tenet Healthcare Corp., Sr. Notes
10		9.25%, 2/1/15	9,475
		Triad Hospitals, Inc., Sr. Notes
215		7.00%, 5/15/12	212,312
		Triad Hospitals, Inc., Sr. Sub. Notes
255		7.00%, 11/15/13	244,800
		US Oncology, Inc.
390		9.00%, 8/15/12	405,600
1,940		10.75%, 8/15/14	2,119,450
		Ventas Realty L.P. / Capital Corp., Sr. Notes
155		7.125%, 6/1/15	159,456
		VWR International, Inc., Sr. Sub. Notes
235		8.00%, 4/15/14	233,825
			$	6,367,292
Home Furnishings — 0.0%
		Fedders North America, Inc.
11		9.875%, 3/1/14	7,645
		Steinway Musical Instruments, Sr. Notes
175		7.00%, 3/1/14 (6)	169,750
			$	177,395
Industrial Equipment — 0.2%
		Case New Holland, Inc.
655		7.125%, 3/1/14	650,087
		Case New Holland, Inc., Sr. Notes
220		9.25%, 8/1/11	234,300
		Chart Industries, Inc., Sr. Sub. Notes
215		9.125%, 10/15/15 (6)	224,675
		Thermadyne Holdings Corp., Sr. Sub. Notes
295		9.25%, 2/1/14	252,225
			$	1,361,287

Leisure Goods/Activities/Movies — 0.5%
		AMC Entertainment, Inc., Sr. Sub. Notes
$	440	9.875%, 2/1/12	$	452,100
		AMC Entertainment, Inc., Variable Rate
65		9.655%, 8/15/10	67,275
		HRP Myrtle Beach Operations, LLC/HRP Myrtle Beach Capital Corp.
220		12.50%, 4/1/13 (6)	220,000
		HRP Myrtle Beach Operations, LLC/HRP Myrtle Beach Capital Corp., Variable Rate
405		9.818%, 4/1/12 (6)	405,000
		Marquee Holdings, Inc., Sr. Disc. Notes, (0.00% until 2009)
385		12.00%, 8/15/14	295,487
		Samsonite Corp., Sr. Sub. Notes
490		8.875%, 6/1/11	505,925
		Six Flags Theme Parks, Inc., Sr. Notes
440		9.625%, 6/1/14	394,900
		Universal City Development Partners, Sr. Notes
385		11.75%, 4/1/10	418,688
		Universal City Florida Holding, Sr. Notes, Variable Rate
525		10.239%, 5/1/10	539,438
			$	3,298,813
Lodging and Casinos — 0.7%
		CCM Merger, Inc.
170		8.00%, 8/1/13 (6)	163,625
		Chukchansi EDA, Sr. Notes, Variable Rate
310		8.78%, 11/15/12 (6)	320,850
		Galaxy Entertainment Finance
200		9.875%, 12/15/12 (6)	210,500
		Greektown Holdings, LLC, Sr. Notes
225		10.75%, 12/1/13 (6)	237,938
		Inn of the Mountain Gods, Sr. Notes
585		12.00%, 11/15/10	593,775
		Las Vegas Sands Corp.
165		6.375%, 2/15/15	154,275
		Majestic HoldCo, LLC, (0.00% until 2008)
150		12.50%, 10/15/11 (6)	111,000
		Majestic Star Casino, LLC
235		9.50%, 10/15/10	242,931
230		9.75%, 1/15/11	225,975
		Mohegan Tribal Gaming Authority, Sr. Sub. Notes
110		8.00%, 4/1/12	113,988
		OED Corp./Diamond Jo, LLC
125		8.75%, 4/15/12	125,313

		San Pasqual Casino
$	345	8.00%, 9/15/13 (6)	$	348,881
		Station Casinos, Inc.
170		7.75%, 8/15/16	176,163
		Station Casinos, Inc., Sr. Notes
105		6.00%, 4/1/12	100,931
		Trump Entertainment Resorts, Inc.
1,105		8.50%, 6/1/15	1,074,613
		Tunica-Biloxi Gaming Authority, Sr. Notes
265		9.00%, 11/15/15 (4)(6)	273,613
		Waterford Gaming, LLC, Sr. Notes
418		8.625%, 9/15/12 (6)	442,558
		Wynn Las Vegas, LLC
120		6.625%, 12/1/14	115,200
			$	5,032,129
Nonferrous Metals/Minerals — 0.0%
		Alpha Natural Resources, Sr. Notes
90		10.00%, 6/1/12	96,750
		FMG Finance PTY Ltd.
215		10.625%, 9/1/16 (6)	215,000
		Novelis, Inc., Sr. Notes
110		8.25%, 2/15/15 (6)	105,050
			$	416,800
Oil and Gas — 0.8%
		Allis-Chalmers Energy, Inc., Sr. Notes
500		9.00%, 1/15/14 (6)	511,250
		Clayton Williams Energy, Inc.
130		7.75%, 8/1/13	122,200
		Copano Energy, LLC, Sr. Notes
75		8.125%, 3/1/16	76,313
		El Paso Corp.
245		9.625%, 5/15/12	270,725
		El Paso Production Holding Co.
280		7.75%, 6/1/13	285,600
		Encore Acquisition Co., Sr. Sub. Notes
175		7.25%, 12/1/17	171,938
		Giant Industries
90		8.00%, 5/15/14	98,100
		Kinder Morgan Finance
320		5.35%, 1/5/11	306,992
		Ocean Rig Norway AS, Sr. Notes
110		8.375%, 7/1/13 (6)	116,600
		Parker Drilling Co., Sr. Notes
110		9.625%, 10/1/13	120,450

		Petrobras International Finance Co.
$	60	7.75%, 9/15/14	$	66,480
		Petrohawk Energy Corp.
890		9.125%, 7/15/13 (6)	910,025
		Quicksilver Resources, Inc.
235		7.125%, 4/1/16	225,600
		Semgroup L.P., Sr. Notes
290		8.75%, 11/15/15 (6)	296,525
		Sesi, LLC, Sr. Notes
65		6.875%, 6/1/14 (6)	64,025
		Stewart & Stevenson, LLC, Sr. Notes
215		10.00%, 7/15/14 (6)	221,450
		Transmontaigne, Inc., Sr. Sub. Notes
625		9.125%, 6/1/10	669,350
		United Refining Co., Sr. Notes
630		10.50%, 8/15/12	669,375
		Verasun Energy Corp.
335		9.875%, 12/15/12	357,613
		Williams Cos., Inc. (The)
90		8.75%, 3/15/32	97,425
			$	5,658,036
Publishing — 0.4%
		American Media Operations, Inc., Series B
700		10.25%, 5/1/09	651,000
		CBD Media, Inc., Sr. Sub. Notes
135		8.625%, 6/1/11	132,975
		Houghton Mifflin Co., Sr. Sub. Notes
780		9.875%, 2/1/13	811,200
		MediaNews Group, Inc., Sr. Sub. Notes
110		6.875%, 10/1/13	101,200
		R.H. Donnelley Corp., Sr. Disc. Notes
235		6.875%, 1/15/13	212,088
420		6.875%, 1/15/13	379,050
		R.H. Donnelley Corp., Sr. Notes
265		8.875%, 1/15/16	262,350
			$	2,549,863
Radio and Television — 0.6%
		Advanstar Communications, Inc.
1,135		10.75%, 8/15/10	1,231,475
		CanWest Media, Inc.
290		8.00%, 9/15/12	282,025
		LBI Media, Inc.
180		10.125%, 7/15/12	188,550
		Rainbow National Services, LLC, Sr. Notes
115		8.75%, 9/1/12 (6)	121,900

		Rainbow National Services, LLC, Sr. Sub. Debs.
$	1,470	10.375%, 9/1/14 (6)	$	1,644,563
		Sirius Satellite Radio, Sr. Notes
565		9.625%, 8/1/13	539,575
			$	4,008,088
Rail Industries — 0.0%
		Kansas City Southern Railway Co.
105		9.50%, 10/1/08	109,463
		TFM SA de C.V., Sr. Notes
145		12.50%, 6/15/12	161,675
			$	271,138
Retailers (Except Food and Drug) — 0.4%
		Autonation, Inc., Variable Rate
150		7.507%, 4/15/13 (6)	151,500
		GameStop Corp.
1,405		8.00%, 10/1/12	1,441,881
		GameStop Corp., Variable Rate
410		9.383%, 10/1/11	427,938
		Neiman Marcus Group, Inc.
540		9.00%, 10/15/15	576,450
350		10.375%, 10/15/15	376,250
			$	2,974,019
Steel — 0.1%
		RathGibson, Inc., Sr. Notes
475		11.25%, 2/15/14 (6)	491,625
			$	491,625
Surface Transport — 0.3%
		Horizon Lines, LLC
1,808		9.00%, 11/1/12	1,864,500
			$	1,864,500
Telecommunications — 1.6%
		AirGate PCS, Inc., Variable Rate
120		9.257%, 10/15/11	123,300
		Alamosa Delaware, Inc., Sr. Notes
560		11.00%, 7/31/10	614,600

		Centennial Cellular Operating Co. / Centennial Communication Corp., Sr. Notes
$	265	10.125%, 6/15/13	$	280,900
		Digicel Ltd., Sr. Notes
200		9.25%, 9/1/12 (6)	209,500
		Intelsat Bermuda Ltd.
365		9.25%, 6/15/16 (6)	381,425
		Intelsat Bermuda Ltd., Sr. Notes
435		11.25%, 6/15/16 (6)	452,944
		Intelsat Bermuda Ltd., Sr. Notes, Variable Rate
545		10.484%, 1/15/12	555,900
		Intelsat Ltd., Sr. Notes
1,585		5.25%, 11/1/08	1,517,638
		LCI International, Inc., Sr. Notes
50		7.25%, 6/15/07	50,250
		Qwest Capital Funding, Inc.
123		7.00%, 8/3/09	122,693
		Qwest Communications International, Inc.
70		7.50%, 11/1/08	71,400
1,450		7.50%, 2/15/14	1,444,563
		Qwest Corp., Sr. Notes
505		7.625%, 6/15/15	520,781
		Qwest Corp., Sr. Notes, Variable Rate
1,090		8.579%, 6/15/13	1,178,563
		Rogers Wireless, Inc., Sr. Sub. Notes
45		8.00%, 12/15/12	47,250
		Rogers Wireless, Inc., Variable Rate
1,617		8.454%, 12/15/10	1,663,489
		UbiquiTel Operating Co., Sr. Notes
1,110		9.875%, 3/1/11	1,212,675
		Windstream Corp., Sr. Notes
325		8.125%, 8/1/13 (6)	344,500
270		8.625%, 8/1/16 (6)	286,875
			$	11,079,246
Utilities — 0.1%
		Dynegy Holdings, Inc.
220		8.375%, 5/1/16 (6)	217,800
430		7.625%, 10/15/26	381,625
		NRG Energy, Inc.
150		7.25%, 2/1/14	148,500
		NRG Energy, Inc., Sr. Notes
210		7.375%, 2/1/16	207,375
			$	955,300
Total Corporate Bonds & Notes (identified cost $96,253,012)			$	97,729,455

Convertible Bonds — 0.1%

Principal
Amount
(000’s Omited)		Security	Value
$	345	L-3 Communications Corp. (6)	$	348,881
Total Convertible Bonds (identified cost, $348,787)			$	348,881

Common Stocks — 0.1%

Shares	Security	Value
34,611	Trump Entertainment Resorts, Inc. (5)	$	625,421
Total Common Stocks (identified cost, $427,071)		$	625,421

Preferred Stocks — 0.0%

Shares	Security	Value
1,123	Chesapeake Energy Corp., 4.50%	$	108,470
1,029	Crown Castle International Corp., (PIK)	57,367
Total Preferred Stocks (identified cost, $158,111)		$	165,837

Closed-End Investment Companies — 3.3%

Shares	Security	Value
162,500	Citigroup Investments Corporate Loan Fund, Inc.	$	2,159,625
343,600	First Trust / Four Corners Senior Floating Rate Income Fund II	6,122,952
150,400	Floating Rate Income Strategies Fund II, Inc.	2,633,504
52,200	Floating Rate Income Strategies Fund, Inc.	912,978
505,500	ING Prime Rate Trust	3,599,160
147,040	Pioneer Floating Rate Trust	2,748,178
600,000	Van Kampen Senior Income Trust	4,962,000
Total Closed-End Investment Companies (identified cost, $23,165,046)		$	23,138,397

Short-Term Investments — 4.8%

Principal		Maturity
Amount		Date	Borrower	Rate		Amount
$	12,344,000	09/06/06	Barton Capital Corp., Commercial Paper	5.25	%	$	12,334,999
1,500,000		09/01/06	Investors Bank and Trust Company, Time Deposit	5.28	%	1,500,000
19,828,000		09/01/06	Societe Generale, Time Deposit	5.281	%	19,828,000
Total Short-Term Investments (at amortized cost)						$	33,662,999
Total Investments — 160.1% (identified cost $1,120,396,409)						$	1,122,341,583
Less Unfunded Loan Commitments — (0.7)%						$	(4,488,646	)
Net Investments — 159.4% (identified cost $1,115,907,763)						$	1,117,852,937
Other Assets, Less Liabilities — 2.7%						$	18,578,209
Auction Preferred Shares Plus Cumulative Unpaid Dividends — (62.1)%						$	(435,310,087	)
Net Assets Applicable to Common Shares — 100.0%						$	701,121,059

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 as of August 31, 2006 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)		Defaulted security. Currently the issuer is in default with respect to interest payments.
(3)		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.
(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, 2006, the aggregate value of the securities is $25,313,529 or 3.6% of the Trust’s net assets.

A summary of financial instruments at August 31, 2006 is as follows:

Credit Default Swaps

			Net Unrealized
Notional	Expiration		Appreciation
Amount	Date	Description	(Depreciation)
1,300,000 USD	3/20/2009	Agreement with Lehman Brothers Special Financing, Inc. dated 9/24/2004 whereby the Trust will receive 2.30% per year times the notional amount. The Trust makes payment only upon a default event on underlying loan assets (13 in total, each representing 7.69% of the notional value of the swap).		$	(12,292	)
2,000,000 USD	3/20/2010	Agreement with Lehman Brothers Special Financing, Inc. dated 3/15/2005 whereby the Trust will 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.		$	1,682

At August 31, 2006 the Trust had sufficient cash and/or cash equivalents segregated to cover potential obligations arising from open swap contracts.

The cost and unrealized appreciation (depreciation) in value of the investments owned by the Trust at August 31, 2006, as computed on a federal income tax basis, were as follows:

Aggregate cost	$	1,121,892,396
Gross unrealized appreciation	$	5,887,690
Gross unrealized depreciation	(5,438,503		)
Net unrealized appreciation	$	449,187

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, 2006

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, 2006
By:		/s/ Barbara E. Campbell
		Barbara E. Campbell
		Treasurer and Principal Financial Officer
Date:		October 26, 2006