Edgar Filing: EATON VANCE SENIOR FLOATING RATE 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		811-21411
Eaton Vance Senior Floating-Rate 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		October 31
Date of Reporting Period		July 31, 2007

Item 1. Schedule of Investments

Eaton Vance Senior Floating-Rate Trust as of July 31, 2007

PORTFOLIO OF INVESTMENTS (Unaudited)

Senior, Floating Rate Interests — 151.7% (1)

Principal
Amount				Borrower/Tranche Description	Value
Aerospace and Defense — 2.1%
				Evergreen International Aviation
$	1,468,616			Term Loan, 8.86%, Maturing October 31, 2011	$	1,461,273
				Hawker Beechcraft Acquisition
176,702				Term Loan, 5.26%, Maturing March 26, 2014	168,530
2,083,077				Term Loan, 7.36%, Maturing March 26, 2014	1,986,735
				Hexcel Corp.
1,383,103				Term Loan, 7.11%, Maturing March 1, 2012	1,365,814
				IAP Worldwide Services, Inc.
960,375				Term Loan, 9.69%, Maturing December 30, 2012	876,342
				Spirit AeroSystems, Inc.
1,617,935				Term Loan, 7.11%, Maturing December 31, 2011	1,626,024
				TransDigm, Inc.
1,625,000				Term Loan, 7.36%, Maturing June 23, 2013	1,611,797
				Vought Aircraft Industries, Inc.
2,133,588				Term Loan, 7.83%, Maturing December 17, 2011	2,117,586
				Wesco Aircraft Hardware Corp.
1,153,458				Term Loan, 7.61%, Maturing September 29, 2013	1,107,320
				Wyle Laboratories, Inc.
245,059				Term Loan, 8.11%, Maturing January 28, 2011	240,770
					$	12,562,191
Air Transport — 1.1%
				Airport Development and Investment
GBP			1,000,000	Term Loan, 10.03%, Maturing April 7, 2011	$	2,021,764
				Delta Air Lines, Inc.
1,200,000				Term Loan, 8.61%, Maturing April 30, 2014	1,184,100
				Northwest Airlines, Inc.
2,100,000				DIP Loan, 7.34%, Maturing August 21, 2008	2,054,062
				Orbitz Worldwide, Inc.
1,180,000				Term Loan, 8.34%, Maturing July 25, 2014	1,178,525
					$	6,438,451
Automotive — 6.7%
				AA Acquisitions Co., Ltd.
GBP		1,000,000		Term Loan, 8.18%, Maturing June 25, 2012	$	2,022,906
				Accuride Corp.
1,957,967				Term Loan, 7.38%, Maturing January 31, 2012	1,902,899
				Adesa, Inc.
4,225,000				Term Loan, 7.61%, Maturing October 18, 2013	3,900,203
				Affina Group, Inc.
1,370,985				Term Loan, 8.36%, Maturing November 30, 2011	1,354,705
				AxleTech International Holding, Inc.
1,750,000				Term Loan, 11.86%, Maturing April 21, 2013	1,745,625

				CSA Acquisition Corp.
$	360,139			Term Loan, 7.88%, Maturing December 23, 2011	$	351,226
900,286				Term Loan, 7.88%, Maturing December 23, 2011	878,004
492,500				Term Loan, 7.88%, Maturing December 23, 2012	479,572
				Dana Corp.
2,350,000				Term Loan, 7.88%, Maturing March 30, 2008	2,317,687
				Dayco Products, LLC
1,951,090				Term Loan, 7.85%, Maturing June 21, 2011	1,895,810
				Federal-Mogul Corp.
2,915,607				Revolving Loan, 6.83%, Maturing December 31, 2007 (2)	2,786,834
				Ford Motor Co.
1,766,125				Term Loan, 8.36%, Maturing December 15, 2013	1,669,110
				General Motors Corp.
2,440,244				Term Loan, 7.74%, Maturing November 29, 2013	2,352,549
				Goodyear Tire & Rubber Co.
2,400,000				Term Loan, 6.85%, Maturing April 30, 2010	2,307,000
1,000,000				Term Loan, 8.82%, Maturing March 1, 2011	970,000
				HLI Operating Co., Inc.
EUR			109,091	Term Loan, 6.86%, Maturing May 30, 2014	147,587
EUR			1,890,909	Term Loan, 6.87%, Maturing May 30, 2014	2,558,172
				Jason, Inc.
450,000				Term Loan, 7.82%, Maturing April 30, 2010	439,875
				Keystone Automotive Operations, Inc.
895,500				Term Loan, 8.84%, Maturing January 12, 2012	841,770
				Osprey Acquisitions, Ltd
GBP		1,000,000		Term Loan, 7.96%, Maturing September 30, 2011	1,991,409
				R.J. Tower Corp.
1,725,000				Revolving Loan, 6.19%, Maturing February 2, 2008	1,716,915
				The Hertz Corp.
400,000				Term Loan, 5.36%, Maturing December 21, 2012	388,667
2,228,814				Term Loan, 7.10%, Maturing December 21, 2012	2,165,665
				TriMas Corp.
234,375				Term Loan, 7.57%, Maturing August 2, 2011	233,203
1,008,008				Term Loan, 7.61%, Maturing August 2, 2013	1,002,968
				United Components, Inc.
1,346,629				Term Loan, 7.36%, Maturing June 30, 2010	1,306,230
					$	39,726,591
Beverage and Tobacco — 0.6%
				Constellation Brands, Inc.
$	583,333			Term Loan, 6.88%, Maturing June 5, 2013	$	568,542
				Culligan International Co.
EUR			975,000	Term Loan, 8.85%, Maturing May 31, 2013	1,337,965
				Southern Wine & Spirits of America, Inc.
1,431,450				Term Loan, 6.86%, Maturing May 31, 2012	1,408,189
					$	3,314,696

Brokers, Dealers and Investment Houses — 0.1%
		AmeriTrade Holding Corp.
$	730,172	Term Loan, 6.82%, Maturing December 31, 2012	$	714,352
			$	714,352
Building and Development — 6.5%
		Beacon Sales Acquisition, Inc.
$	694,750	Term Loan, 7.36%, Maturing September 30, 2013	$	677,381
		BioMed Realty, L.P.
3,055,000		Term Loan, 7.57%, Maturing May 31, 2010	3,058,819
		Brickman Group Holdings, Inc.
1,221,938		Term Loan, 7.34%, Maturing January 23, 2014	1,209,718
		Building Materials Corp. of America
1,417,884		Term Loan, 8.13%, Maturing February 22, 2014	1,318,632
		Capital Automotive (REIT)
1,232,598		Term Loan, 7.07%, Maturing December 16, 2010	1,208,973
		Epco / Fantome, LLC
1,464,000		Term Loan, 7.98%, Maturing November 23, 2010	1,467,660
		Hovstone Holdings, LLC
1,425,127		Term Loan, 6.84%, Maturing February 28, 2009	1,403,750
		Lanoga Corp.
1,237,547		Term Loan, 9.00%, Maturing June 29, 2013	1,225,171
		LNR Property Corp.
2,800,000		Term Loan, 8.11%, Maturing July 3, 2011	2,695,501
		Metroflag BP, LLC (BP Parent)
500,000		Term Loan, 14.32%, Maturing July 1, 2008	501,250
		Mueller Water Products, Inc.
1,793,708		Term Loan, 7.10%, Maturing May 24, 2014	1,724,201
		NCI Building Systems, Inc.
594,000		Term Loan, 6.82%, Maturing June 18, 2010	587,875
		Nortek, Inc.
2,718,113		Term Loan, 7.61%, Maturing August 27, 2011	2,619,581
		November 2005 Land Investors
396,647		Term Loan, 8.07%, Maturing May 9, 2011	397,639
		Panolam Industries Holdings, Inc.
551,491		Term Loan, 8.11%, Maturing September 30, 2012	529,432
		PLY GEM Industries, Inc.
1,851,022		Term Loan, 8.11%, Maturing August 15, 2011	1,752,301
69,164		Term Loan, 8.11%, Maturing August 15, 2011	65,475
		Realogy Corp.
901,516		Term Loan, 5.32%, Maturing September 1, 2014	850,644
3,348,484		Term Loan, 8.36%, Maturing September 1, 2014	3,159,533
		South Edge, LLC
787,500		Term Loan, 7.38%, Maturing October 31, 2009	756,000
		Stile Acquisition Corp.
1,166,464		Term Loan, 7.36%, Maturing April 6, 2013	1,087,952

			Stile U.S. Acquisition Corp.
$	1,168,456		Term Loan, 7.36%, Maturing April 6, 2013	$	1,089,810
			Tousa/Kolter, LLC
1,297,200			Term Loan, 8.61%, Maturing January 7, 2008	1,298,821
			TRU 2005 RE Holding Co.
4,100,000			Term Loan, 8.32%, Maturing December 9, 2008	4,059,000
			United Subcontractors, Inc.
825,000			Term Loan, 12.61%, Maturing June 27, 2013	789,937
			Wintergames Acquisition ULC
2,875,351			Term Loan, 7.32%, Maturing October 26, 2007	2,882,540
				$	38,417,596
Business Equipment and Services — 11.4%
			ACCO Brands Corp.
$	1,307,450		Term Loan, 7.11%, Maturing August 17, 2012	$	1,271,495
			Activant Solutions, Inc.
721,446			Term Loan, 7.38%, Maturing May 1, 2013	683,570
			Affiliated Computer Services
812,625			Term Loan, 7.32%, Maturing March 20, 2013	791,407
2,153,250			Term Loan, 7.32%, Maturing March 20, 2013	2,097,026
			Affinion Group, Inc.
2,585,796			Term Loan, 7.86%, Maturing October 17, 2012	2,570,038
			Allied Security Holdings, LLC
1,264,545			Term Loan, 8.36%, Maturing June 30, 2010	1,232,932
			Buhrmann US, Inc.
3,083,643			Term Loan, 7.11%, Maturing December 31, 2010	3,006,551
			DynCorp International, LLC
1,079,116			Term Loan, 7.63%, Maturing February 11, 2011	1,053,487
			Education Management, LLC
2,777,595			Term Loan, 7.13%, Maturing June 1, 2013	2,642,573
			Info USA, Inc.
615,656			Term Loan, 7.36%, Maturing February 14, 2012	606,421
			ista International GmbH
EUR		138,439	Term Loan, 6.10%, Maturing May 14, 2015	185,830
EUR		1,136,561	Term Loan, 6.10%, Maturing May 14, 2015	1,538,767
			Kronos, Inc.
1,100,000			Term Loan, 7.61%, Maturing June 11, 2014	1,069,750
			Language Line, Inc.
2,215,399			Term Loan, 8.61%, Maturing June 11, 2011	2,179,860
			Mitchell International, Inc.
1,000,000			Term Loan, 10.63%, Maturing March 28, 2015	950,000
			N.E.W. Holdings I, LLC
981,955			Term Loan, 7.86%, Maturing May 22, 2014	913,218
			Nielsen Finance, LLC
6,873,063			Term Loan, 7.36%, Maturing August 9, 2013	6,705,264

				Protection One, Inc.
$	907,452			Term Loan, 7.59%, Maturing March 31, 2012	$	875,691
				Quantum Corp.
425,000				Term Loan, 8.82%, Maturing July 12, 2014	416,500
				Quintiles Transnational Corp.
1,700,000				Term Loan, 9.36%, Maturing March 31, 2014	1,657,500
				Sabare, Inc.
4,057,297				Term Loan, 7.61%, Maturing September 30, 2014	3,721,121
				Serena Software, Inc.
517,500				Term Loan, 7.34%, Maturing March 10, 2013	496,369
				Sitel (Client Logic)
1,995,594				Term Loan, 7.85%, Maturing January 29, 2014	1,950,693
				Solera Holdings, Inc.
EUR			798,000	Term Loan, 6.19%, Maturing May 15, 2014	1,034,994
				SunGard Data Systems, Inc.
12,838,983				Term Loan, 7.36%, Maturing February 11, 2013	12,358,856
				TDS Investor Corp.
EUR		1,054,228		Term Loan, 6.66%, Maturing August 23, 2013	1,422,035
1,345,107				Term Loan, 7.82%, Maturing August 23, 2013	1,317,154
269,897				Term Loan, 7.86%, Maturing August 23, 2013	264,288
				Transaction Network Services, Inc.
656,422				Term Loan, 7.36%, Maturing May 4, 2012	646,576
				US Investigations Services, Inc.
1,180,231				Term Loan, 8.07%, Maturing October 14, 2012	1,183,182
1,537,634				Term Loan, 8.07%, Maturing October 14, 2013	1,541,478
				Valassis Communications, Inc.
479,196				Term Loan, 7.11%, Maturing March 2, 2014	459,429
				VWR International, Inc.
1,625,000				Term Loan, 7.86%, Maturing June 28, 2013	1,580,312
				WAM Acquisition, S.A.
EUR			245,946	Term Loan, 6.57%, Maturing May 4, 2014	323,103
EUR			154,054	Term Loan, 6.57%, Maturing May 4, 2014	202,383
EUR			245,946	Term Loan, 6.82%, Maturing May 4, 2015	324,927
EUR			154,054	Term Loan, 6.82%, Maturing May 4, 2015	203,526
				West Corp.
3,432,772				Term Loan, 7.75%, Maturing October 24, 2013	3,308,811
				Williams Scotsman, Inc.
750,000				Term Loan, 6.82%, Maturing June 27, 2010	731,250
				Worldspan, L.P.
1,393,000				Term Loan, 8.61%, Maturing December 7, 2013	1,379,070
					$	66,897,437
Cable and Satellite Television — 9.4%
				Atlantic Broadband Finance, LLC
$	4,251,578			Term Loan, 7.61%, Maturing February 10, 2011	$	4,147,946
				Bragg Communications, Inc.
1,021,125				Term Loan, 7.11%, Maturing August 31, 2011	1,021,125

					Bresnan Broadband Holdings, LLC
$	500,000				Term Loan, 7.36%, Maturing March 29, 2014	$	482,678
1,200,000					Term Loan, 9.86%, Maturing March 29, 2014	1,168,000
					Charter Communications Operating, Inc
12,118,808					Term Loan, 7.36%, Maturing April 28, 2013	11,549,224
					CSC Holdings, Inc.
2,962,500					Term Loan, 7.07%, Maturing March 29, 2013	2,852,994
					Insight Midwest Holdings, LLC
5,325,000					Term Loan, 7.36%, Maturing April 6, 2014	5,171,166
					Mediacom Broadband Group
5,865,973					Term Loan, 7.10%, Maturing January 31, 2015	5,660,664
					Mediacom Illinois, LLC
2,770,826					Term Loan, 7.10%, Maturing January 31, 2015	2,680,774
					NTL Investment Holdings, Ltd.
2,492,490					Term Loan, 7.36%, Maturing March 30, 2012	2,463,672
GBP		530,337			Term Loan, 8.29%, Maturing March 30, 2012	1,058,139
GBP		269,663			Term Loan, 8.29%, Maturing March 30, 2012	538,037
					Orion Cable GmbH
EUR		1,075,000			Term Loan, 6.97%, Maturing October 31, 2014	1,441,164
EUR		1,075,000			Term Loan, 7.22%, Maturing October 31, 2015	1,448,521
					Persona Communications Corp.
161,968					Term Loan, 8.07%, Maturing October 12, 2013	161,563
260,719					Term Loan, 8.07%, Maturing October 12, 2013	260,067
825,000					Term Loan, 11.32%, Maturing April 12, 2014	831,187
					ProSiebenSat.1 Media AG
EUR			593,401		Term Loan, 6.60%, Maturing March 2, 2015	768,110
EUR			11,076		Term Loan, Maturing June 26, 2015 (3)	14,309
EUR			272,924		Term Loan, Maturing June 26, 2015 (3)	352,577
EUR			593,401		Term Loan, 6.98%, Maturing March 2, 2016	772,171
EUR			464,852		Term Loan, 8.35%, Maturing September 2, 2016	599,194
EUR			375,000		Term Loan, Maturing March 2, 2017 (3)	494,711
					UPC Broadband Holding B.V.
EUR			4,050,000		Term Loan, 6.30%, Maturing June 30, 2009	5,404,254
1,950,000					Term Loan, 7.13%, Maturing October 16, 2011	1,889,062
					YPSO Holding SA
EUR				541,621	Term Loan, 6.61%, Maturing July 28, 2014	719,950
EUR				209,021	Term Loan, 6.61%, Maturing July 28, 2014	277,841
EUR				249,358	Term Loan, 6.61%, Maturing July 28, 2014	331,459
EUR				1,000,000	Term Loan, 6.86%, Maturing July 28, 2015	1,343,613
						$	55,904,172
Chemicals and Plastics — 10.0%
					Brenntag Holding GmbH and Co. KG
$	373,091				Term Loan, 7.39%, Maturing December 23, 2013	$	366,562
1,526,909					Term Loan, 7.39%, Maturing December 23, 2013	1,500,188
1,000,000					Term Loan, 9.39%, Maturing December 23, 2015	997,500

					Celanese Holdings, LLC
$	4,214,438				Term Loan, 7.11%, Maturing April 2, 2014	$	3,975,116
					Cognis GmbH
EUR			803,279		Term Loan, 6.15%, Maturing September 15, 2013	1,064,107
EUR			196,721		Term Loan, 6.15%, Maturing September 15, 2013	260,598
					First Chemical Holding
EUR		1,000,000			Term Loan, 6.18%, Maturing December 18, 2014 (2)	1,342,157
					Georgia Gulf Corp.
932,109					Term Loan, 7.82%, Maturing October 3, 2013	910,671
					Hercules, Inc.
659,325					Term Loan, 6.82%, Maturing October 8, 2010	653,473
					Hexion Specialty Chemicals, Inc.
500,000					Term Loan, 7.63%, Maturing May 5, 2012	483,594
4,497,697					Term Loan, 7.63%, Maturing May 5, 2013	4,338,874
977,028					Term Loan, 7.63%, Maturing May 5, 2013	942,527
					Huish Detergents, Inc.
950,000					Term Loan, 7.32%, Maturing April 26, 2014	883,500
					INEOS Group
1,608,750					Term Loan, 7.58%, Maturing December 14, 2013	1,563,705
1,608,750					Term Loan, 8.08%, Maturing December 14, 2014	1,563,705
					Innophos, Inc.
632,897					Term Loan, 7.57%, Maturing August 10, 2010	620,239
					Invista B.V.
2,504,568					Term Loan, 6.86%, Maturing April 29, 2011	2,416,908
1,327,606					Term Loan, 6.86%, Maturing April 29, 2011	1,281,140
					ISP Chemco, Inc.
2,600,000					Term Loan, 7.13%, Maturing June 4, 2014	2,497,300
					Kleopatra
EUR				575,000	Term Loan, 6.60%, Maturing January 3, 2016	787,089
825,000					Term Loan, 7.83%, Maturing January 3, 2016	825,000
					Kranton Polymers, LLC
3,233,973					Term Loan, 7.38%, Maturing May 12, 2013	3,120,784
					Lucite International Group Holdings
604,769					Term Loan, 7.61%, Maturing July 7, 2013	580,578
214,122					Term Loan, 7.61%, Maturing July 7, 2013	205,557
					Lyondell Chemical Co.
3,970,000					Term Loan, 6.86%, Maturing August 16, 2013	3,904,249
					MacDermid, Inc.
EUR				997,500	Term Loan, 6.41%, Maturing April 12, 2014	1,344,946
					Millenium Inorganic Chemicals
350,000					Term Loan, 7.61%, Maturing April 30, 2014	336,583
975,000					Term Loan, 11.11%, Maturing October 31, 2014	945,750
					Momentive Performance Material
1,716,375					Term Loan, 7.63%, Maturing December 4, 2013	1,619,113
					Nalco Co.
5,411,119					Term Loan, 7.10%, Maturing November 4, 2010	5,286,360

				Professional Paint, Inc.
$	717,750			Term Loan, 7.88%, Maturing May 31, 2012	$	681,862
350,000				Term Loan, 11.63%, Maturing May 31, 2013	330,750
				Propex Fabrics, Inc.
821,109				Term Loan, 8.36%, Maturing July 31, 2012	808,792
				Rockwood Specialties Group, Inc.
4,338,750				Term Loan, 6.86%, Maturing December 10, 2012	4,234,199
				Solo Cup Co.
2,624,667				Term Loan, 8.84%, Maturing February 27, 2011	2,565,612
				Solutia, Inc.
1,748,505				DIP Loan, 8.36%, Maturing March 31, 2008	1,739,763
				Wellman, Inc.
2,250,000				Term Loan, 9.36%, Maturing February 10, 2009	2,171,250
					$	59,150,101
Clothing/Textiles — 0.2%
				St. John Knits International, Inc.
$	577,673			Term Loan, 8.36%, Maturing March 23, 2012	$	580,561
				The William Carter Co.
635,069				Term Loan, 6.85%, Maturing July 14, 2012	605,432
					$	1,185,993
Conglomerates — 3.3%
				Amsted Industries, Inc.
$	1,715,703			Term Loan, 7.36%, Maturing October 15, 2010	$	1,651,365
				Blount, Inc.
341,288				Term Loan, 7.09%, Maturing August 9, 2010	339,013
				Doncasters (Dunde HoldCo 4 Ltd.)
475,000				Term Loan, Maturing July 13, 2015 (3)	475,000
475,000				Term Loan, Maturing July 13, 2015 (3)	475,000
GBP			500,000	Term Loan, Maturing January 13, 2016 (3)	1,016,025
				Euramax International, Inc.
604,965				Term Loan, 8.38%, Maturing June 28, 2012	579,002
501,316				Term Loan, 13.36%, Maturing June 28, 2013	469,357
248,684				Term Loan, 13.36%, Maturing June 28, 2013	232,831
				GenTek, Inc.
512,432				Term Loan, 7.36%, Maturing February 25, 2011	501,863
				Goodman Global Holdings, Inc.
884,814				Term Loan, 7.13%, Maturing December 23, 2011	864,906
				ISS Holding A/S
EUR		147,368		Term Loan, 6.16%, Maturing December 31, 2013	197,237
EUR		1,052,632		Term Loan, 6.16%, Maturing December 31, 2013	1,408,835
				Jarden Corp.
2,161,477				Term Loan, 7.11%, Maturing January 24, 2012	2,119,598
1,217,997				Term Loan, 7.11%, Maturing January 24, 2012	1,194,651
				Johnson Diversey, Inc.
1,680,408				Term Loan, 7.86%, Maturing December 16, 2011	1,621,593

		Polymer Group, Inc.
$	2,536,375	Term Loan, 7.61%, Maturing November 22, 2012	$	2,485,647
		RBS Global, Inc.
296,250		Term Loan, 7.64%, Maturing July 19, 2013	282,178
		Rexnord Corp.
1,284,836		Term Loan, 7.86%, Maturing July 19, 2013	1,223,806
		RGIS Holdings, LLC
119,048		Term Loan, 0.00%, Maturing April 30, 2014 (2)	116,667
2,380,952		Term Loan, 7.86%, Maturing April 30, 2014	2,333,333
			$	19,587,907
Containers and Glass Products — 4.9%
		Berry Plastics Corp.
$	1,895,250	Term Loan, 7.36%, Maturing April 3, 2015	$	1,783,565
		Bluegrass Container Co.
376,200		Term Loan, 7.60%, Maturing June 30, 2013	368,833
1,257,300		Term Loan, 7.60%, Maturing June 30, 2013	1,232,678
284,848		Term Loan, 10.32%, Maturing December 30, 2013	281,110
890,152		Term Loan, 10.32%, Maturing December 30, 2013	878,468
		Consolidated Container Co.
1,000,000		Term Loan, 10.83%, Maturing September 28, 2014	892,500
		Crown Americas, LLC
618,750		Term Loan, 7.11%, Maturing November 15, 2012	609,469
		Graham Packaging Holdings Co.
4,239,375		Term Loan, 7.63%, Maturing October 7, 2011	4,045,072
		Graphic Packaging International, Inc.
5,746,125		Term Loan, 7.34%, Maturing May 16, 2014	5,639,822
		IPG (US), Inc.
1,954,483		Term Loan, 8.08%, Maturing July 28, 2011	1,905,621
		JSG Acquisitions
1,845,000		Term Loan, 7.49%, Maturing December 31, 2013	1,785,037
1,845,000		Term Loan, 8.11%, Maturing December 13, 2014	1,794,262
		Kranson Industries, Inc.
844,021		Term Loan, 7.61%, Maturing July 31, 2013	833,471
		Owens-Brockway Glass Container
1,588,438		Term Loan, 6.82%, Maturing June 14, 2013	1,534,165
		Smurfit-Stone Container Corp.
650,961		Term Loan, 5.22%, Maturing November 1, 2011	636,676
645,616		Term Loan, 7.38%, Maturing November 1, 2011	631,448
2,573,226		Term Loan, 7.38%, Maturing November 1, 2011	2,516,759
1,465,843		Term Loan, 7.38%, Maturing November 1, 2011	1,433,676
			$	28,802,632
Cosmetics/Toiletries — 0.6%
		American Safety Razor Co.
$	900,000	Term Loan, 11.63%, Maturing July 31, 2014	$	891,000
		KIK Custom Products, Inc.
975,000		Term Loan, 10.36%, Maturing November 30, 2014	884,812

			Prestige Brands, Inc.
$	1,629,951		Term Loan, 7.63%, Maturing April 7, 2011	$	1,593,277
				$	3,369,089
Drugs — 1.4%
			Graceway Pharmaceuticals, LLC
$	818,125		Term Loan, 8.11%, Maturing May 3, 2012	$	789,491
1,000,000			Term Loan, 11.86%, Maturing May 3, 2013	972,500
275,000			Term Loan, 13.61%, Maturing November 3, 2013	228,250
			Pharmaceutical Holdings Corp.
666,563			Term Loan, 8.57%, Maturing January 30, 2012	671,978
			Stiefel Laboratories, Inc.
754,635			Term Loan, 7.61%, Maturing December 28, 2013	743,315
986,615			Term Loan, 7.61%, Maturing December 28, 2013	971,816
750,000			Term Loan, 10.36%, Maturing June 28, 2014	746,250
			Warner Chilcott Corp.
2,693,278			Term Loan, 7.36%, Maturing January 18, 2012	2,613,827
741,974			Term Loan, 7.36%, Maturing January 18, 2012	720,086
				$	8,457,513
Ecological Services and Equipment — 2.3%
			Allied Waste Industries, Inc.
$	1,297,702		Term Loan, 5.32%, Maturing January 15, 2012	$	1,246,767
2,387,805			Term Loan, 7.09%, Maturing January 15, 2012	2,299,542
			Blue Waste B.V. (AVR Acquisition)
EUR		1,000,000	Term Loan, 6.16%, Maturing April 1, 2015	1,344,040
			Cory Environmental Holdings
GBP		500,000	Term Loan, 9.77%, Maturing September 30, 2014	1,024,280
			Duratek, Inc.
2,852			Term Loan, 7.66%, Maturing June 7, 2013	2,817
			EnergySolutions, LLC
4,059			Term Loan, 7.66%, Maturing June 7, 2013	4,008
			Environmental Systems, Inc.
2,500,000			Term Loan, 12.49%, Maturing December 12, 2010	1,509,375
			IESI Corp.
970,588			Term Loan, 7.08%, Maturing January 20, 2012	951,176
			Kemble Water Structure Ltd.
GBP		1,250,000	Term Loan, 9.77%, Maturing October 13, 2013	2,518,632
			Sensus Metering Systems, Inc.
2,243,478			Term Loan, 7.37%, Maturing December 17, 2010	2,232,261
210,978			Term Loan, 7.37%, Maturing December 17, 2010	209,923
				$	13,342,821
Electronics/Electrical — 4.7%
			Advanced Micro Devices, Inc.
$	1,845,975		Term Loan, 7.36%, Maturing December 31, 2013	$	1,737,396
			AMI Semiconductor, Inc.
1,817,738			Term Loan, 6.86%, Maturing April 1, 2012	1,785,928

		Aspect Software, Inc.
$	2,009,813	Term Loan, 8.36%, Maturing July 11, 2011	$	1,947,006
1,800,000		Term Loan, 12.44%, Maturing July 11, 2013	1,710,000
		Communications & Power, Inc.
425,926		Term Loan, 9.22%, Maturing July 23, 2010	421,667
		EnerSys Capital, Inc.
1,067,137		Term Loan, 7.11%, Maturing March 17, 2011	1,065,804
		FCI International S.A.S.
216,536		Term Loan, 7.76%, Maturing November 1, 2013	215,724
208,464		Term Loan, 7.76%, Maturing November 1, 2013	207,682
208,464		Term Loan, 7.76%, Maturing November 1, 2013	205,891
216,536		Term Loan, 7.76%, Maturing November 1, 2013	213,863
		Freescale Semiconductor, Inc.
4,303,375		Term Loan, 7.11%, Maturing December 1, 2013	3,969,373
		Infor Enterprise Solutions Holdings
2,625,163		Term Loan, 9.11%, Maturing July 28, 2012	2,579,222
1,369,650		Term Loan, 9.11%, Maturing July 28, 2012	1,345,681
500,000		Term Loan, 11.11%, Maturing March 2, 2014	478,750
183,333		Term Loan, 11.61%, Maturing March 2, 2014	175,542
316,667		Term Loan, 11.61%, Maturing March 2, 2014	303,208
		Network Solutions, Inc.
754,739		Term Loan, 7.86%, Maturing March 7, 2014	737,285
		Open Solutions, Inc.
2,095,118		Term Loan, 7.45%, Maturing January 23, 2014	1,995,600
		Sensata Technologies Finance Co.
1,786,975		Term Loan, 7.11%, Maturing April 27, 2013	1,733,180
		Spectrum Brands, Inc.
57,701		Term Loan, 5.17%, Maturing March 30, 2013	55,970
1,167,299		Term Loan, 9.35%, Maturing March 30, 2013	1,132,280
		TTM Technologies, Inc.
367,875		Term Loan, 7.59%, Maturing October 27, 2012	356,839
		VeriFone, Inc.
736,250		Term Loan, 7.11%, Maturing October 31, 2013	725,206
		Vertafore, Inc.
2,244,375		Term Loan, 7.86%, Maturing January 31, 2012	2,165,822
850,000		Term Loan, 11.36%, Maturing January 31, 2013	811,750
			$	28,076,669
Equipment Leasing — 1.1%
		AWAS Capital, Inc.
$	2,140,300	Term Loan, 11.38%, Maturing March 22, 2013	$	2,097,494
		Maxim Crane Works, L.P.
875,000		Term Loan, 7.36%, Maturing June 29, 2014	855,312
		United Rentals, Inc.
1,121,250		Term Loan, 5.32%, Maturing February 14, 2011	1,102,329
2,457,047		Term Loan, 7.32%, Maturing February 14, 2011	2,415,584
			$	6,470,719

Farming/Agriculture — 0.5%
				BF Bolthouse HoldCo, LLC
$	1,150,000			Term Loan, 10.86%, Maturing December 16, 2013	$	1,139,458
				Central Garden & Pet Co.
2,049,063				Term Loan, 6.82%, Maturing February 28, 2014	2,026,011
					$	3,165,469
Financial Intermediaries — 1.8%
				Citco III, Ltd.
$	525,000			Term Loan, 7.63%, Maturing June 30, 2014	$	525,000
				Coinstar, Inc.
520,782				Term Loan, 7.36%, Maturing July 7, 2011	523,061
				Grosvenor Capital Management
1,542,250				Term Loan, 7.61%, Maturing December 5, 2013	1,495,982
				INVESTools, Inc.
450,000				Term Loan, 8.61%, Maturing August 13, 2012	445,500
				iPayment, Inc.
1,686,231				Term Loan, 7.35%, Maturing May 10, 2013	1,622,997
				Jupiter Asset Management Group
GBP		475,000		Term Loan, 8.05%, Maturing June 30, 2015	926,615
				LPL Holdings, Inc.
3,579,846				Term Loan, 7.36%, Maturing December 18, 2014	3,463,501
				Oxford Acquisition III, Ltd.
1,000,000				Term Loan, Maturing May 24, 2014 (3)	971,250
				RJO Holdings Corp. (RJ O’Brien)
475,000				Term Loan, 8.32%, Maturing July 31, 2014	469,062
					$	10,442,968
Food Products — 4.4%
				Acosta, Inc.
$	3,070,861			Term Loan, 7.57%, Maturing July 28, 2013	$	2,971,058
				Advantage Sales & Marketing, Inc.
425,000				Term Loan, 7.36%, Maturing March 29, 2013	407,469
				Black Lion Beverages III B.V.
EUR			147,059	Term Loan, 6.31%, Maturing December 31, 2013	196,628
EUR			852,941	Term Loan, 6.31%, Maturing December 31, 2014	1,140,445
				Chiquita Brands, LLC
1,166,200				Term Loan, 8.38%, Maturing June 28, 2012	1,146,520
				Dean Foods Co.
3,466,313				Term Loan, 6.86%, Maturing April 2, 2014	3,351,924
				Dole Food Company, Inc.
162,791				Term Loan, 5.23%, Maturing April 12, 2013	154,244
1,205,669				Term Loan, 7.45%, Maturing April 12, 2013	1,142,371
361,701				Term Loan, 7.54%, Maturing April 12, 2013	342,711
				Michael Foods, Inc.
3,152,042				Term Loan, 7.36%, Maturing November 21, 2010	3,094,256
				National Dairy Holdings, L.P.
727,143				Term Loan, 7.32%, Maturing March 15, 2012	727,143

					Pinnacle Foods Finance, LLC
$	3,775,000				Term Loan, 8.11%, Maturing April 2, 2014	$	3,576,812
					Provimi Group SA
EUR		2,100,000			Term Loan, Maturing June 28, 2015 (3)	2,831,466
EUR		500,000			Term Loan, Maturing December 28, 2016 (3)	678,436
					QCE Finance, LLC
1,241,231					Term Loan, 7.61%, Maturing May 5, 2013	1,192,272
950,000					Term Loan, 11.11%, Maturing November 5, 2013	922,291
					Reddy Ice Group, Inc.
1,970,000					Term Loan, 7.11%, Maturing August 9, 2012	1,973,694
						$	25,849,740
Food Service — 2.3%
					AFC Enterprises, Inc.
$	465,454				Term Loan, 7.63%, Maturing May 23, 2009	$	462,545
					Aramark Corp.
GBP			997,500		Term Loan, 8.08%, Maturing January 27, 2014	1,905,352
					Buffets, Inc.
186,667					Term Loan, 5.25%, Maturing May 1, 2013	185,267
1,406,267					Term Loan, 8.11%, Maturing November 1, 2013	1,395,720
					Burger King Corp.
1,078,126					Term Loan, 6.88%, Maturing June 30, 2012	1,050,364
					CBRL Group, Inc.
1,772,182					Term Loan, 6.86%, Maturing April 27, 2013	1,709,270
					Denny’s, Inc.
133,333					Term Loan, 7.32%, Maturing March 31, 2012	131,583
718,518					Term Loan, 7.36%, Maturing March 31, 2012	709,088
					JRD Holdings, Inc.
650,000					Term Loan, 7.87%, Maturing June 26, 2014	611,000
					Krispy Kreme Doughnut Corp.
433,800					Term Loan, 8.36%, Maturing February 16, 2014	431,089
					NPC International, Inc.
391,083					Term Loan, 7.11%, Maturing May 3, 2013	379,351
					OSI Restaurant Partners, LLC
60,150					Term Loan, 7.88%, Maturing May 9, 2013	57,504
739,850					Term Loan, 7.63%, Maturing May 9, 2014	707,296
					RMK Acquisition Corp. (Aramark)
163,977					Term Loan, 5.36%, Maturing January 26, 2014	154,753
2,327,001					Term Loan, 7.36%, Maturing January 26, 2014	2,196,107
					Sagittarius Restaurants, LLC
395,000					Term Loan, 7.61%, Maturing March 29, 2013	387,717
					Selecta
EUR				743,561	Term Loan, Maturing December 28, 2015 (3)	1,017,823
						$	13,491,829

Food/Drug Retailers — 2.2%
			General Nutrition Centers, Inc.
$	1,047,375		Term Loan, 7.61%, Maturing September 16, 2013	$	1,017,263
			Iceland Foods Group, Ltd.
GBP		1,250,000	Term Loan, 8.02%, Maturing May 2, 2014	2,514,662
GBP		1,250,000	Term Loan, 8.52%, Maturing May 2, 2015	2,527,362
			Rite Aid Corp.
3,900,000			Term Loan, 7.07%, Maturing June 1, 2014	3,897,562
			Roundy’s Supermarkets, Inc.
3,373,796			Term Loan, 8.11%, Maturing November 3, 2011	3,293,669
				$	13,250,518
Forest Products — 2.8%
			Appleton Papers, Inc.
$	1,350,000		Term Loan, 7.10%, Maturing June 5, 2014	$	1,305,000
			Boise Cascade Holdings, LLC
768,503			Term Loan, 0.00%, Maturing April 30, 2014 (2)	719,832
3,422,918			Term Loan, 6.86%, Maturing April 30, 2014	3,206,134
			Georgia-Pacific Corp.
8,717,250			Term Loan, 7.11%, Maturing December 20, 2012	8,258,034
			NewPage Corp.
1,820,206			Term Loan, 7.63%, Maturing May 2, 2011	1,795,937
			Xerium Technologies, Inc.
1,257,474			Term Loan, 8.11%, Maturing May 18, 2012	1,200,887
				$	16,485,824
Healthcare — 11.8%
			Accellent, Inc.
$	2,337,168		Term Loan, 7.86%, Maturing November 22, 2012	$	2,220,309
			Alliance Imaging, Inc.
1,066,583			Term Loan, 7.88%, Maturing December 29, 2011	1,055,029
			American Medical Systems
1,564,765			Term Loan, 7.68%, Maturing July 20, 2012	1,556,941
			AMN Healthcare, Inc.
373,664			Term Loan, 7.11%, Maturing November 2, 2011	364,323
			AMR HoldCo, Inc.
1,888,876			Term Loan, 7.36%, Maturing February 10, 2012	1,835,751
			Biomet, Inc.
2,750,000			Term Loan, Maturing December 26, 2014 (3)	2,605,625
EUR		1,225,000	Term Loan, Maturing December 26, 2014 (3)	1,674,745
			Capio AB
EUR		227,051	Term Loan, 6.36%, Maturing April 24, 2015	304,194
EUR		272,949	Term Loan, 6.36%, Maturing April 24, 2015	365,687
EUR		227,051	Term Loan, 6.48%, Maturing April 16, 2016	306,137
EUR		272,949	Term Loan, 6.48%, Maturing April 24, 2016	368,022
			Cardinal Health 409, Inc.
2,275,000			Term Loan, 7.61%, Maturing April 10, 2014	2,138,500

		Carestream Health, Inc.
$	2,550,000	Term Loan, 7.34%, Maturing April 30, 2013	$	2,416,125
1,000,000		Term Loan, 10.59%, Maturing October 30, 2013	985,000
		Carl Zeiss Vision Holding GmbH
1,300,000		Term Loan, 7.84%, Maturing March 23, 2015	1,280,500
		Concentra, Inc.
600,000		Term Loan, 10.86%, Maturing June 25, 2015	594,000
		CONMED Corp.
486,139		Term Loan, 7.07%, Maturing April 13, 2013	471,555
		CRC Health Corp.
493,665		Term Loan, 7.61%, Maturing February 6, 2013	483,792
496,250		Term Loan, 7.86%, Maturing February 6, 2013	486,325
		Dako EQT Project Delphi
500,000		Term Loan, 9.84%, Maturing December 12, 2016	505,000
		DaVita, Inc.
4,047,997		Term Loan, 6.86%, Maturing October 5, 2012	3,841,703
		Emdeon Business Services, LLC
1,682,103		Term Loan, 7.61%, Maturing November 16, 2013	1,627,435
		Encore Medical Finance, LLC
1,813,178		Term Loan, 7.88%, Maturing November 3, 2013	1,772,382
		Fenwal, Inc.
500,000		Term Loan, 10.61%, Maturing August 28, 2014	476,250
		FGX International, Inc.
588,000		Term Loan, 9.36%, Maturing December 12, 2012	564,480
		FHC Health Systems, Inc.
367,127		Term Loan, 12.07%, Maturing December 18, 2009	370,798
256,989		Term Loan, 14.07%, Maturing December 18, 2009	259,559
500,000		Term Loan, 15.11%, Maturing February 7, 2011	507,500
		Fresenius Medical Care Holdings
2,497,924		Term Loan, 6.74%, Maturing March 31, 2013	2,408,825
		Hanger Orthopedic Group, Inc.
717,755		Term Loan, 7.61%, Maturing May 30, 2013	714,166
		HCA, Inc.
6,741,125		Term Loan, 7.61%, Maturing November 18, 2013	6,519,794
		Health Management Association, Inc.
3,068,750		Term Loan, 7.11%, Maturing February 28, 2014	2,992,031
		HealthSouth Corp.
2,137,442		Term Loan, 7.86%, Maturing March 10, 2013	2,085,743
		IASIS Healthcare, LLC
292,130		Term Loan, 5.70%, Maturing March 14, 2014 (2)	278,984
77,901		Term Loan, 7.32%, Maturing March 14, 2014	74,396
852,831		Term Loan, 7.36%, Maturing March 14, 2014	814,453
		Ikaria Acquisition, Inc.
594,681		Term Loan, 7.86%, Maturing March 28, 2013	596,168
		IM US Holdings, LLC
625,000		Term Loan, 9.59%, Maturing June 26, 2015	609,375

			Invacare Corp.
$	1,019,875		Term Loan, 7.59%, Maturing February 12, 2013	$	980,355
			inVentiv Health, Inc.
54,286			Term Loan, 0.00%, Maturing July 6, 2014 (2)	52,521
895,714			Term Loan, 7.11%, Maturing July 6, 2014	894,035
			Kinetic Concepts, Inc.
1,068,801			Term Loan, 4.85%, Maturing October 3, 2009	1,069,803
			Leiner Health Products, Inc.
965,150			Term Loan, 9.83%, Maturing May 27, 2011	938,608
			LifeCare Holdings, Inc.
859,688			Term Loan, 8.36%, Maturing August 11, 2012	800,942
			LifePoint Hospitals, Inc.
2,063,187			Term Loan, 6.99%, Maturing April 15, 2012	1,967,764
			Magellan Health Services, Inc.
1,111,111			Term Loan, 5.20%, Maturing August 15, 2008	1,113,889
555,556			Term Loan, 7.11%, Maturing August 15, 2008	556,944
			Matria Healthcare, Inc.
162,327			Term Loan, 7.36%, Maturing January 19, 2012	158,269
			MultiPlan Merger Corp.
593,847			Term Loan, 7.82%, Maturing April 12, 2013	573,805
890,182			Term Loan, 7.82%, Maturing April 12, 2013	860,139
			National Mentor Holdings, Inc.
61,600			Term Loan, 5.32%, Maturing June 29, 2013	61,273
1,028,016			Term Loan, 7.35%, Maturing June 29, 2013	1,022,555
			National Rental Institutes, Inc.
866,250			Term Loan, 7.63%, Maturing March 31, 2013	822,937
			Nyco Holdings
EUR		1,000,000	Term Loan, 6.66%, Maturing December 29, 2014	1,328,030
EUR		1,000,000	Term Loan, 7.16%, Maturing December 29, 2015	1,334,874
			Physiotherapy Associates, Inc.
850,000			Term Loan, 10.25%, Maturing June 27, 2013	839,375
			RadNet Management, Inc.
547,250			Term Loan, 8.86%, Maturing November 15, 2012	548,618
			Renal Advantage, Inc.
343,985			Term Loan, 7.86%, Maturing October 5, 2012	337,105
			Select Medical Holding Corp.
2,148,349			Term Loan, 7.36%, Maturing February 24, 2012	2,101,801
			Sunrise Medical Holdings, Inc.
675,653			Term Loan, 9.38%, Maturing May 13, 2010	668,897
			Vanguard Health Holding Co., LLC
2,182,165			Term Loan, 7.61%, Maturing September 23, 2011	2,105,789
			Viant Holdings, Inc.
525,000			Term Loan, 7.61%, Maturing June 25, 2014	510,562
				$	70,180,492

Home Furnishings — 1.8%
			Hunter Fan Co.
$	49,286		Term Loan, 0.00%, Maturing April 16, 2014 (2)	$	46,821
525,714			Term Loan, 7.86%, Maturing April 16, 2014	499,429
			Interline Brands, Inc.
993,228			Term Loan, 7.07%, Maturing June 23, 2013	963,431
686,848			Term Loan, 7.07%, Maturing June 23, 2013	666,242
			National Bedding Co., LLC
497,500			Term Loan, 7.36%, Maturing August 31, 2011	486,928
1,050,000			Term Loan, 10.36%, Maturing August 31, 2012	1,002,750
			Sealy Mattress Co.
2,978,571			Term Loan, 6.61%, Maturing August 25, 2011	2,954,371
			Simmons Co.
2,889,682			Term Loan, 7.41%, Maturing December 19, 2011	2,802,992
1,000,000			Term Loan, 10.65%, Maturing February 15, 2012	961,667
				$	10,384,631
Industrial Equipment — 3.5%
			Aearo Technologies, Inc.
$	400,000		Term Loan, 10.86%, Maturing September 24, 2013	$	391,000
700,000			Term Loan, 7.61%, Maturing July 2, 2014	672,000
			Alliance Laundry Holdings, LLC
843,723			Term Loan, 7.61%, Maturing January 27, 2012	833,177
			EPD Holdings (Goodyear Engineering Production)
78,125			Term Loan, Maturing July 13, 2014 (3)	75,391
546,875			Term loan, Maturing July 13, 2014 (3)	527,734
775,000			Term Loan, Maturing July 13, 2015 (3)	748,521
			Flowserve Corp.
2,000,288			Term Loan, 6.88%, Maturing August 10, 2012	1,966,533
			Foamex L.P.
1,788,235			Term Loan, 7.60%, Maturing February 12, 2013	1,740,548
			FR Brand Acquisition Corp.
748,125			Term Loan, 7.63%, Maturing February 7, 2014	708,225
			Generac Acquisition Corp.
1,782,000			Term Loan, 7.86%, Maturing November 7, 2013	1,641,667
500,000			Term Loan, 11.36%, Maturing April 7, 2014	406,562
			Gleason Corp.
141,970			Term Loan, Maturing June 30, 2013 (3)	139,663
583,030			Term Loan, 7.38%, Maturing June 30, 2013	573,556
			Itron, Inc.
EUR		399,000	Term Loan, 6.22%, Maturing April 18, 2014	529,786
			John Maneely Co.
3,031,468			Term Loan, 8.61%, Maturing December 8, 2013	2,724,532
			Kion Group GMBH
250,000			Term Loan, 7.58%, Maturing December 23, 2014	245,562
250,000			Term Loan, 7.83%, Maturing December 23, 2015	246,812

		Polypore International, Inc.
$	3,025,000	Term Loan, 7.56%, Maturing July 3, 2014	$	2,873,750
		Terex Corp.
717,750		Term Loan, 7.11%, Maturing July 13, 2013	720,442
		TFS Acquisition Corp.
694,750		Term Loan, 8.86%, Maturing August 11, 2013	691,276
		TNT Logistics Holdings
473,282		Term Loan, Maturing January 4, 2014 (3)	475,945
1,526,718		Term Loan, Maturing January 4, 2014 (3)	1,536,737
			$	20,469,419
Insurance — 1.8%
		AmWINS Group, Inc.
$	500,000	Term Loan, 10.84%, Maturing June 8, 2014	$	471,250
		Applied Systems, Inc.
1,339,875		Term Loan, 7.85%, Maturing September 26, 2013	1,309,728
		ARG Holding, Inc.
1,250,000		Term Loan, 12.63%, Maturing November 30, 2012	1,243,750
		CCC Information Services Group
604,852		Term Loan, 7.86%, Maturing February 10, 2013	589,731
		Conseco, Inc.
3,504,188		Term Loan, 7.32%, Maturing October 10, 2013	3,372,780
		Crawford and Company
1,256,167		Term Loan, 7.61%, Maturing October 31, 2013	1,257,737
		Hub International Holdings, Inc.
150,980		Term Loan, 0.00%, Maturing June 13, 2014 (2)	143,054
674,020		Term Loan, 7.86%, Maturing June 13, 2014	638,634
		U.S.I. Holdings Corp.
1,850,000		Term Loan, 8.11%, Maturing May 4, 2014	1,757,500
			$	10,784,164
Leisure Goods/Activities/Movies — 8.7%
		24 Hour Fitness Worldwide, Inc.
$	1,654,063	Term Loan, 7.87%, Maturing June 8, 2012	$	1,637,522
		Alliance Atlantis Communications, Inc.
610,938		Term Loan, 6.85%, Maturing December 31, 2011	610,937
		AMC Entertainment, Inc.
1,846,875		Term Loan, 7.07%, Maturing January 26, 2013	1,785,313
		AMF Bowling Worldwide, Inc.
1,000,000		Term Loan, 11.57%, Maturing December 8, 2013	995,000
		Bombardier Recreational Product
1,822,785		Term Loan, 7.86%, Maturing June 28, 2013	1,785,190
		Butterfly Wendel US, Inc.
300,000		Term Loan, 8.14%, Maturing June 22, 2013	297,150
300,000		Term Loan, 7.89%, Maturing June 22, 2014	295,650
		Carmike Cinemas, Inc.
994,975		Term Loan, 8.61%, Maturing May 19, 2012	971,344

		Cedar Fair, L.P.
$	4,014,475	Term Loan, 7.32%, Maturing August 30, 2012	$	3,882,888
		Cinemark, Inc.
3,622,625		Term Loan, 7.13%, Maturing October 5, 2013	3,504,890
		Deluxe Entertainment Services
59,055		Term Loan, 5.26%, Maturing January 28, 2011	56,545
1,322,835		Term Loan, 7.61%, Maturing January 28, 2011	1,266,614
118,110		Term Loan, 7.61%, Maturing January 28, 2011	113,091
		Easton-Bell Sports, Inc.
1,289,347		Term Loan, 7.11%, Maturing March 16, 2012	1,235,355
		Mega Blocks, Inc.
1,617,000		Term Loan, 7.63%, Maturing July 26, 2012	1,576,575
		Metro-Goldwyn-Mayer Holdings, Inc.
7,956,725		Term Loan, 8.61%, Maturing April 8, 2012	7,537,191
		National CineMedia, LLC
1,250,000		Term Loan, 7.11%, Maturing February 13, 2015	1,214,732
		Regal Cinemas Corp.
4,019,626		Term Loan, 6.86%, Maturing November 10, 2010	3,913,274
		Revolution Studios
1,393,142		Term Loan, 9.07%, Maturing December 21, 2014	1,337,417
800,000		Term Loan, 12.32%, Maturing June 21, 2015	776,000
		Six Flags Theme Parks, Inc.
3,150,000		Term Loan, 7.61%, Maturing April 30, 2015	2,966,251
		Southwest Sports Group, LLC
1,875,000		Term Loan, 7.88%, Maturing December 22, 2010	1,865,625
		Universal City Development Partners, Ltd.
1,721,345		Term Loan, 7.36%, Maturing June 9, 2011	1,678,312
		WMG Acquisition Corp.
875,000		Revolving Loan, 0.00%, Maturing February 28, 2010 (2)	855,312
9,751,783		Term Loan, 7.36%, Maturing February 28, 2011	9,546,303
			$	51,704,481
Lodging and Casinos — 4.2%
		Ameristar Casinos, Inc.
$	1,083,500	Term Loan, 6.82%, Maturing November 10, 2012	$	1,072,665
		Bally Technologies, Inc.
4,616,401		Term Loan, 8.64%, Maturing September 5, 2009	4,497,145
		CCM Merger, Inc.
2,439,001		Term Loan, 7.36%, Maturing April 25, 2012	2,353,636
		Fairmont Hotels and Resorts, Inc.
525,229		Term Loan, 8.57%, Maturing May 12, 2011	529,825
		Las Vegas Sands, LLC
3,460,000		Term Loan, 7.11%, Maturing May 23, 2014	3,316,794
		LodgeNet Entertainment Corp.
825,000		Term Loan, 7.36%, Maturing April 4, 2014	807,813

		New World Gaming Partners, Ltd.
$	1,020,833	Term Loan, Maturing June 30, 2014 (3)	$	992,760
204,167		Term Loan, Maturing June 30, 2014 (3)	198,552
		Penn National Gaming, Inc.
6,455,025		Term Loan, 7.11%, Maturing October 3, 2012	6,357,393
		Pinnacle Entertainment, Inc.
700,000		Term Loan, Maturing December 14, 2011 (3)	680,167
		Venetian Casino Resort, LLC
865,000		Term Loan, 0.00%, Maturing May 14, 2014 (2)	829,199
		VML US Finance, LLC
441,667		Term Loan, 7.61%, Maturing May 25, 2012	427,470
883,333		Term Loan, 7.61%, Maturing May 25, 2013	854,940
		Wimar Opco, LLC
1,941,245		Term Loan, 7.61%, Maturing January 3, 2012	1,898,376
			$	24,816,735
Nonferrous Metals/Minerals — 1.8%
		Alpha Natural Resources, LLC
$	861,875	Term Loan, 7.11%, Maturing October 26, 2012	$	825,245
		Magnequench International, Inc.
744,608		Term Loan, 8.37%, Maturing August 31, 2009	744,607
		Magnum Coal Co.
186,364		Term Loan, 8.57%, Maturing March 15, 2013	186,480
1,840,341		Term Loan, 8.57%, Maturing March 15, 2013	1,841,491
		Murray Energy Corp.
909,075		Term Loan, 8.36%, Maturing January 28, 2010	913,620
		Noranda Aluminum Acquisition
403,750		Term Loan, 7.32%, Maturing May 18, 2014	397,357
		Novelis, Inc.
632,813		Term Loan, Maturing June 28, 2014 (3)	604,336
1,392,188		Term Loan, Maturing June 28, 2014 (3)	1,329,539
		Oxbow Carbon and Mineral Holdings
235,571		Term Loan, 0.00%, Maturing May 8, 2014 (2)	224,970
2,682,706		Term Loan, 7.40%, Maturing May 8, 2014	2,561,984
		Thompson Creek Metals Co.
1,288,359		Term Loan, 10.09%, Maturing October 26, 2012	1,288,359
			$	10,917,988
Oil and Gas — 3.7%
		Atlas Pipeline Partners, L.P.
$	1,500,000	Term Loan, Maturing July 20, 2014 (3)	$	1,488,750
		Big West Oil, LLC
398,750		Term Loan, 0.00%, Maturing May 1, 2014 (2)	385,292
326,250		Term Loan, 7.61%, Maturing May 1, 2014	315,239
		Concho Resources, Inc.
2,019,938		Term Loan, 9.07%, Maturing March 27, 2012	1,994,688

		Dresser, Inc.
$	1,475,000	Term Loan, 7.86%, Maturing May 4, 2014	$	1,427,431
1,000,000		Term Loan, 11.11%, Maturing May 4, 2015	950,000
		El Paso Corp.
1,350,000		Term Loan, 5.22%, Maturing July 31, 2011	1,302,750
		Hercules Offshore, Inc.
700,000		Term Loan, 7.11%, Maturing July 6, 2013	693,787
		Key Energy Services, Inc.
1,177,075		Term Loan, 7.84%, Maturing June 30, 2012	1,153,533
		Kinder Morgan, Inc.
3,830,303		Term Loan, 6.82%, Maturing May 21, 2014	3,653,152
		Mach General, LLC
67,969		Term Loan, 7.36%, Maturing February 22, 2013	65,964
653,746		Term Loan, 7.36%, Maturing February 22, 2014	634,461
		Niska Gas Storage
248,485		Term Loan, 7.07%, Maturing May 13, 2011	249,417
143,545		Term Loan, 7.11%, Maturing May 13, 2011	141,571
211,908		Term Loan, 7.11%, Maturing May 13, 2011	208,995
1,300,646		Term Loan, 7.11%, Maturing May 12, 2013	1,282,762
		Primary Natural Resources, Inc.
1,530,625		Term Loan, 9.32%, Maturing July 28, 2010 (4)	1,528,941
		Targa Resources, Inc.
1,365,968		Term Loan, 5.24%, Maturing October 31, 2012	1,354,869
2,234,237		Term Loan, 7.33%, Maturing October 31, 2012	2,216,084
		W&T Offshore, Inc.
1,015,000		Term Loan, 7.61%, Maturing May 26, 2010	1,002,313
			$	22,049,999
Publishing — 10.8%
		American Media Operations, Inc.
$	4,275,000	Term Loan, 8.59%, Maturing January 31, 2013	$	4,018,500
		Aster Zweite Beteiligungs GMBG
775,000		Term Loan, 7.62%, Maturing September 27, 2013	758,854
		CBD Media, LLC
1,675,591		Term Loan, 7.82%, Maturing December 31, 2009	1,654,646
		Dex Media East, LLC
4,772,720		Term Loan, 6.86%, Maturing May 8, 2009	4,633,266
		Dex Media West, LLC
2,757,051		Term Loan, 6.86%, Maturing March 9, 2010	2,684,678
		GateHouse Media Operating, Inc.
600,000		Term Loan, 7.36%, Maturing August 28, 2014	570,500
675,000		Term Loan, 7.36%, Maturing August 28, 2014	654,610
1,350,000		Term Loan, 7.36%, Maturing August 28, 2014	1,283,625
		Idearc, Inc.
7,437,625		Term Loan, 7.36%, Maturing November 17, 2014	7,121,526
		MediaNews Group, Inc.
965,250		Term Loan, 7.09%, Maturing August 2, 2013	941,119

				Mediannuaire Holding
EUR			500,000	Term Loan, 8.39%, Maturing April 10, 2016	$	669,596
				Merrill Communications, LLC
1,293,981				Term Loan, 7.59%, Maturing February 9, 2009	1,269,180
1,000,000				Term Loan, 11.82%, Maturing November 15, 2013	1,002,500
				Nebraska Book Co., Inc.
1,402,112				Term Loan, 7.83%, Maturing March 4, 2011	1,409,123
				Nelson Education, Ltd.
500,000				Term Loan, 8.25%, Maturing July 5, 2014	497,500
				Philadelphia Newspapers, LLC
715,302				Term Loan, 8.11%, Maturing June 29, 2013	693,843
				R.H. Donnelley Corp.
51,070				Term Loan, 6.57%, Maturing December 31, 2009	48,389
3,229,689				Term Loan, 6.86%, Maturing June 30, 2010	3,129,265
				Reader’s Digest Association
3,291,750				Term Loan, 7.35%, Maturing March 2, 2014	3,061,328
				Riverdeep Interactive Learning USA, Inc.
2,563,650				Term Loan, 8.11%, Maturing December 20, 2013	2,486,740
				SGS International, Inc.
689,500				Term Loan, 7.87%, Maturing December 30, 2011	682,605
				Source Media, Inc.
1,712,144				Term Loan, 7.61%, Maturing November 8, 2011	1,718,565
				SP Newsprint Co.
3,866,667				Term Loan, 5.32%, Maturing January 9, 2010	3,750,667
				Sun Media Corp.
1,153,321				Term Loan, 7.11%, Maturing February 7, 2009	1,125,930
				TL Acquisitions, Inc.
1,925,000				Term Loan, 8.07%, Maturing July 5, 2014	1,813,350
				Trader Media Corp.
GBP		2,400,000		Term Loan, 8.08%, Maturing March 23, 2015	4,775,319
				Tribune Co.
1,866,667				Term Loan, 7.86%, Maturing May 17, 2009	1,833,334
3,975,000				Term Loan, 8.36%, Maturing May 17, 2014	3,622,930
				Xsys US, Inc.
1,872,229				Term Loan, 7.57%, Maturing September 27, 2013	1,833,225
1,896,271				Term Loan, 7.57%, Maturing September 27, 2014	1,866,247
				Yell Group, PLC
2,600,000				Term Loan, 7.32%, Maturing February 10, 2013	2,564,250
					$	64,175,210
Radio and Television — 6.4%
				ALM Media Holdings, Inc.
$	1,096,315			Term Loan, 7.82%, Maturing March 4, 2010	$	1,093,574
				Block Communications, Inc.
837,250				Term Loan, 7.36%, Maturing December 22, 2011	814,226
				CanWest MediaWorks, Ltd.
800,000				Term Loan, 7.34%, Maturing July 10, 2014	784,000

			Cequel Communications, LLC
$	1,550,000		Term Loan, 9.86%, Maturing May 5, 2014	$	1,508,150
3,245,028			Term Loan, 11.36%, Maturing May 5, 2014	3,190,943
			CMP KC, LLC
978,688			Term Loan, 9.38%, Maturing May 5, 2013	983,581
			CMP Susquehanna Corp.
1,336,000			Term Loan, 7.36%, Maturing May 5, 2013	1,295,085
			DirecTV Holdings, LLC
2,053,666			Term Loan, 6.82%, Maturing April 13, 2013	2,001,754
			Discovery Communications, Inc.
2,425,000			Term Loan, 7.36%, Maturing April 30, 2014	2,370,438
			Emmis Operating Co.
801,429			Term Loan, 7.36%, Maturing November 2, 2013	781,994
			Entravision Communications Corp.
1,301,813			Term Loan, 6.86%, Maturing September 29, 2013	1,273,606
			Gray Television, Inc.
1,262,250			Term Loan, 6.86%, Maturing January 19, 2015	1,205,449
			HEI Acquisition, LLC
1,925,000			Term Loan, 9.36%, Maturing April 13, 2014	1,751,750
			HIT Entertainment, Inc.
1,004,512			Term Loan, 7.34%, Maturing March 20, 2012	973,121
			Intelsat Bermuda, Ltd.
1,075,000			Term Loan, 7.86%, Maturing February 1, 2014	1,050,333
			NEP II, Inc.
623,437			Term Loan, 7.61%, Maturing February 16, 2014	604,733
			Nexstar Broadcasting, Inc.
1,799,540			Term Loan, 7.11%, Maturing October 1, 2012	1,761,300
1,704,575			Term Loan, 7.11%, Maturing October 1, 2012	1,668,352
			NextMedia Operating, Inc.
283,514			Term Loan, 7.32%, Maturing November 15, 2012	271,465
126,005			Term Loan, 7.32%, Maturing November 15, 2012	120,650
			PanAmSat Corp.
2,456,438			Term Loan, 7.36%, Maturing January 3, 2014	2,389,910
			Paxson Communications Corp.
2,500,000			Term Loan, 8.61%, Maturing January 15, 2012	2,450,000
			Raycom TV Broadcasting, LLC
2,375,000			Term Loan, 6.88%, Maturing June 25, 2014	2,366,094
			SFX Entertainment
1,150,692			Term Loan, 8.10%, Maturing June 21, 2013	1,116,172
			Sirius Satellite Radio, Inc.
500,000			Term Loan, 7.63%, Maturing December 19, 2012	472,500
			Tyrol Acquisition 2 SAS
EUR		800,000	Term Loan, 6.37%, Maturing January 19, 2015	1,067,424
EUR		800,000	Term Loan, 6.62%, Maturing January 19, 2016	1,072,526

		Young Broadcasting, Inc.
$	720,300	Term Loan, 7.88%, Maturing November 3, 2012	$	688,337
987,500		Term Loan, 7.88%, Maturing November 3, 2012	943,680
			$	38,071,147
Rail Industries — 0.6%
		Kansas City Southern Railway Co.
$	2,004,750	Term Loan, 7.07%, Maturing March 30, 2008	$	1,943,355
		RailAmerica, Inc.
1,550,000		Term Loan, 7.61%, Maturing August 14, 2008	1,534,500
			$	3,477,855
Retailers (Except Food and Drug) — 4.4%
		Advantage Sales & Marketing, Inc.
$	836,223	Term Loan, 7.36%, Maturing March 29, 2013	$	801,729
		American Achievement Corp.
393,251		Term Loan, 7.57%, Maturing March 25, 2011	384,403
		Amscan Holdings, Inc.
498,750		Term Loan, 7.60%, Maturing May 25, 2013	483,788
		Claire’s Stores, Inc.
350,000		Term Loan, 8.11%, Maturing May 24, 2014	319,667
		Coinmach Laundry Corp.
3,478,816		Term Loan, 7.88%, Maturing December 19, 2012	3,435,331
		Cumberland Farms, Inc.
1,563,188		Term Loan, 7.36%, Maturing September 29, 2013	1,568,072
		Educate, Inc.
500,000		Term Loan, 10.59%, Maturing June 14, 2014	477,500
		Hanesbrands, Inc.
1,666,929		Term Loan, 7.10%, Maturing September 5, 2013	1,616,401
850,000		Term Loan, 9.11%, Maturing March 5, 2014	832,575
		Harbor Freight Tools USA, Inc.
1,730,136		Term Loan, 7.61%, Maturing July 15, 2010	1,681,116
		Home Interiors & Gifts, Inc.
991,691		Term Loan, 10.35%, Maturing March 31, 2011	695,837
		Josten’s Corp.
1,509,741		Term Loan, 7.33%, Maturing October 4, 2011	1,518,548
		Mapco Express, Inc.
540,127		Term Loan, 8.11%, Maturing April 28, 2011	538,102
		Neiman Marcus Group, Inc.
802,215		Term Loan, 7.11%, Maturing April 5, 2013	769,973
		Oriental Trading Co., Inc.
1,125,000		Term Loan, 11.36%, Maturing January 31, 2013	1,080,000
1,633,500		Term Loan, 7.59%, Maturing July 31, 2013	1,551,825
		Pantry, Inc. (The)
238,889		Term Loan, 0.00%, Maturing May 15, 2014 (2)	221,569
836,111		Term Loan, 7.07%, Maturing May 15, 2014	775,493
		Rent-A-Center, Inc.
1,093,265		Term Loan, 7.12%, Maturing November 15, 2012	1,072,426

			Rover Acquisition Corp.
$	2,238,750		Term Loan, 7.61%, Maturing October 26, 2013		$		2,144,537
			Savers, Inc.
340,070			Term Loan, 8.11%, Maturing August 11, 2012		334,969
387,306			Term Loan, 8.11%, Maturing August 11, 2012		381,497
			The Yankee Candle Company, Inc.
1,296,750			Term Loan, 7.36%, Maturing February 6, 2014		1,231,913
			Vivarte
EUR		750,000	Term Loan, 6.20%, Maturing May 29, 2015		966,037
EUR		750,000	Term Loan, 6.70%, Maturing May 29, 2016		970,885
					$		25,854,193
Steel — 0.2%
			Algoma Acquisition Corp.
$	475,000		Term Loan, Maturing June 20, 2013 (3)	$		451,250
			Niagara Corp.
1,025,000			Term Loan, 10.36%, Maturing June 29, 2014	1,027,563
				$		1,478,813
Surface Transport — 1.5%
			Gainey Corp.
$	767,250		Term Loan, 8.10%, Maturing April 20, 2012	$		763,893
			Horizon Lines, LLC
732,473			Term Loan, 7.57%, Maturing July 7, 2011	728,811
			Oshkosh Truck Corp.
1,940,250			Term Loan, 7.11%, Maturing December 6, 2013	1,878,859
			Ozburn-Hessey Holding Co., LLC
492,834			Term Loan, 8.57%, Maturing August 9, 2012	465,728
			Sirva Worldwide, Inc.
1,599,041			Term Loan, 12.61%, Maturing December 1, 2010	1,300,553
			Swift Transportation Co., Inc.
2,805,814			Term Loan, 8.38%, Maturing May 10, 2014	2,504,189
			Vanguard Car Rental USA
1,124,000			Term Loan, 8.34%, Maturing June 14, 2013	1,115,219
				$		8,757,252
Telecommunications — 6.0%
			Alaska Communications Systems Holdings, Inc.
$	990,000		Term Loan, 7.11%, Maturing February 1, 2012	$		967,725
			American Cellular Corp.
2,069,813			Term Loan, 7.36%, Maturing March 15, 2014	2,049,545
			Centennial Cellular Operating Co., LLC
4,445,833			Term Loan, 7.36%, Maturing February 9, 2011	4,331,909
			Consolidated Communications, Inc.
2,563,752			Term Loan, 7.11%, Maturing July 27, 2015	2,525,296
			FairPoint Communications, Inc.
2,980,000			Term Loan, 7.13%, Maturing February 8, 2012	2,883,150

			Intelsat Subsidiary Holding Co.
$	967,688		Term Loan, 7.36%, Maturing July 3, 2013	$	942,286
			Iowa Telecommunications Services
2,616,000			Term Loan, 7.11%, Maturing November 23, 2011	2,571,855
			IPC Systems, Inc.
1,100,000			Term Loan, 7.61%, Maturing May 31, 2014	1,019,563
500,000			Term Loan, 10.61%, Maturing May 31, 2015	461,250
			Macquarie UK Broadcast Ventures, Ltd.
GBP		775,000	Term Loan, 7.92%, Maturing December 26, 2014	1,574,839
			NTelos, Inc.
1,177,818			Term Loan, 7.57%, Maturing August 24, 2011	1,148,372
			Stratos Global Corp.
1,039,500			Term Loan, 8.11%, Maturing February 13, 2012	1,020,009
			Trilogy International Partners
850,000			Term Loan, 8.86%, Maturing June 29, 2012	824,500
			Triton PCS, Inc.
2,724,585			Term Loan, 8.57%, Maturing November 18, 2009	2,717,773
			Univision Communications, Inc.
750,000			Term Loan, 7.82%, Maturing March 29, 2009	732,750
460,570			Term Loan, 0.00%, Maturing September 29, 2014 (2)	426,690
7,164,430			Term Loan, 7.61%, Maturing September 29, 2014	6,637,400
			Windstream Corp.
3,089,906			Term Loan, 6.86%, Maturing July 17, 2013	3,021,672
				$	35,856,584
Utilities — 4.1%
			AEI Finance Holding, LLC
$	269,751		Term Loan, 5.26%, Maturing March 30, 2012	$	264,356
2,055,249			Term Loan, 8.36%, Maturing March 30, 2014	2,014,144
			Astoria Generating Co.
1,000,000			Term Loan, 9.11%, Maturing August 23, 2013	985,547
			BRSP, LLC
1,826,611			Term Loan, 8.38%, Maturing July 13, 2009	1,835,745
			Calpine Corp.
847,875			DIP Loan, 7.61%, Maturing March 30, 2009	823,675
			Cogentrix Delaware Holdings, Inc.
521,198			Term Loan, 6.86%, Maturing April 14, 2012	519,461
			Covanta Energy Corp.
569,072			Term Loan, 5.26%, Maturing February 9, 2014	557,335
1,153,038			Term Loan, 6.88%, Maturing February 9, 2014	1,129,257
			Electricinvest Holding Co.
EUR		476,616	Term Loan, 7.85%, Maturing October 24, 2012	654,590
GBP		480,000	Term Loan, 9.67%, Maturing October 24, 2012	978,356
			Elster Group GmbH (Ruhrgas)
803,389			Term Loan, 7.38%, Maturing June 12, 2013	789,330
803,389			Term Loan, 7.88%, Maturing June 12, 2014	793,347

		LS Power Acquisition Company
$	600,000	Term Loan, 9.11%, Maturing November 1, 2014	$	561,000
		Mirant North America, LLC.
877,333		Term Loan, 7.07%, Maturing January 3, 2013	855,460
		NRG Energy, Inc.
2,093,940		Term Loan, 7.11%, Maturing February 1, 2013	2,027,631
2,675,000		Term Loan, 0.00%, Maturing June 1, 2014 (2)	2,612,138
5,043,420		Term Loan, 7.11%, Maturing June 1, 2014	4,883,710
		Pike Electric, Inc.
188,395		Term Loan, 6.88%, Maturing July 1, 2012	183,999
437,712		Term Loan, 6.88%, Maturing December 10, 2012	427,499
		Vulcan Energy Corp.
1,580,293		Term Loan, 6.86%, Maturing July 23, 2010	1,558,564
			$	24,455,144
Total Senior, Floating Rate Interests (identified cost, $926,209,232)			$	898,539,385

Corporate Bonds & Notes — 13.1%

Principal
Amount
(000’s omitted)		Security	Value
Aerospace and Defense — 0.1%
		Alion Science and Technologies, Sr. Notes
$	275	10.25%, 2/1/15	$	265,375
		DRS Technologies, Inc., Sr. Sub. Notes
80		7.625%, 2/1/18	77,200
			$	342,575
Air Transport — 0.0%
		Continental Airlines
$	258	7.033%, 6/15/11	$	253,237
			$	253,237
Automotive — 0.2%
		Altra Industrial Motion, Inc.
$	225	9.00%, 12/1/11	$	230,625
110		9.00%, 12/1/11 (5)	112,750
		American Axle & Manufacturing, Inc.
135		7.875%, 3/1/17	122,175
		Commercial Vehicle Group, Inc., Sr. Notes
100		8.00%, 7/1/13	92,500
		Ford Motor Credit Co., Sr. Notes
15		9.875%, 8/10/11	15,202
		Goodyear Tire & Rubber Co., Sr. Notes,
180		9.135%, 12/9/09 (5)	180,000
		Tenneco Automotive, Inc., Sr. Sub. Notes
255		8.625%, 11/15/14	256,275
			$	1,009,527

Broadcast Radio and Television — 0.0%
			Sirius Satellite Radio, Sr. Notes
$	170		9.625%, 8/1/13	$	163,200
				$	163,200
Brokers/Dealers/Investment Houses — 0.1%
			Residential Capital LLC, Sub. Notes, Variable Rate
$	810		7.69%, 4/17/09 (5)	$	782,824
				$	782,824
Building and Development — 0.8%
			Grohe Holding GMBH
EUR		2,000	7.084%, 1/15/14	$	2,639,709
			Interface, Inc.
500			10.375%, 2/1/10	522,500
			Nortek, Inc., Sr. Sub. Notes
850			8.50%, 9/1/14	735,250
			NTK Holdings, Inc., Sr. Disc. Notes (0% until 2009)
360			10.75%, 3/1/14	221,400
			Panolam Industries International, Sr. Sub. Notes
395			10.75%, 10/1/13 (5)	385,125
			PLY GEM Industries, Inc.
30			9.00%, 2/15/12	24,075
			Realogy Corp.
430			10.50%, 4/15/14 (5)	398,825
			Stanley-Martin Co.
80			9.75%, 8/15/15	58,000
				$	4,984,884
Business Equipment and Services — 0.7%
			Affinion Group, Inc.
$	95		10.125%, 10/15/13	$	95,950
135			11.50%, 10/15/15	136,350
			Education Management, LLC
275			8.75%, 6/1/14	275,000
535			10.25%, 6/1/16	535,000
			Hertz Corp.
530			8.875%, 1/1/14	532,650
			KAR Holdings, Inc., Sr. Notes,
130			9.36%, 5/1/14 (5)	117,650
			Neff Corp., Sr. Notes
50			10.00%, 6/1/15 (5)	46,250
			Nielsen Finance LLC
175			10.00%, 8/1/14 (5)	177,625
			Norcross Safety Products, LLC/Norcross Capital Corp., Sr. Sub. Notes, Series B
40			9.875%, 8/15/11	41,900

		Rental Service Corp.
$	35	9.50%, 12/1/14 (5)	$	34,300
		Sabre Holdings Corp.
120		8.35%, 3/15/16	100,200
		Safety Products Holdings, Inc., Sr. Notes (PIK)
455		11.75%, 1/1/12 (4)	475,325
		SunGard Data Systems, Inc., Variable Rate
475		9.125%, 8/15/13	479,750
		Travelport, LLC
475		9.875%, 9/1/14	484,500
		West Corp.
685		9.50%, 10/15/14	671,300
85		11.00%, 10/15/16	85,000
			$	4,288,750
Cable and Satellite Television — 0.5%
		Cablevision Systems Corp., Series B
$	135	8.00%, 4/15/12	$	126,562
		Cablevision Systems Corp., Sr. Notes, Series B, Variable Rate
120		9.82%, 4/1/09	121,200
		CCH I Holdings, LLC
320		11.75%, 5/15/14	307,200
		CCH I, LLC/CCH I Capital Co.
295		11.00%, 10/1/15	296,475
		CCH II, LLC/CCH II Capital Co.
260		10.25%, 9/15/10	265,200
		CCO Holdings, LLC / CCO Capital Corp., Sr. Notes
730		8.75%, 11/15/13	726,350
		CSC Holdings, Inc.
75		6.75%, 4/15/12	68,437
		CSC Holdings, Inc., Series B
100		7.625%, 4/1/11	96,250
		CSC Holdings, Inc., Sr. Notes
135		8.125%, 7/15/09	135,000
		Insight Communications, Sr. Disc. Notes
380		12.25%, 2/15/11	394,250
		Kabel Deutschland GmbH
190		10.625%, 7/1/14	197,600
		Mediacom Broadband Corp., LLC, Sr. Notes
205		8.50%, 10/15/15 (5)	196,800
		National Cable, PLC
135		8.75%, 4/15/14	135,675
			$	3,066,999
Chemicals and Plastics — 0.4%
		Equistar Chemical, Sr. Notes
$	65	10.625%, 5/1/11	$	68,250

		Huntsman International, LLC
$	272	11.625%, 10/15/10	$	289,680
		INEOS Group Holdings PLC
355		8.50%, 2/15/16 (5)	326,600
		Lyondell Chemical Co., Sr. Notes
938		10.50%, 6/1/13	1,017,730
		MacDermid, Inc., Sr. Sub. Notes
125		9.50%, 4/15/17 (5)	114,375
		Mosaic Co., Sr. Notes
125		7.375%, 12/1/14 (5)	125,000
40		7.625%, 12/1/16 (5)	40,400
		Nova Chemicals Corp., Sr. Notes, Variable Rate
195		8.484%, 11/15/13	191,100
		Reichhold Industries, Inc., Sr. Notes
395		9.00%, 8/15/14 (5)	389,075
			$	2,562,210
Clothing/Textiles — 0.3%
		Levi Strauss & Co., Sr. Notes
$	140	9.75%, 1/15/15	$	142,100
470		8.875%, 4/1/16	455,900
		Oxford Industries, Inc., Sr. Notes
735		8.875%, 6/1/11	746,025
		Perry Ellis International, Inc., Sr. Sub. Notes
250		8.875%, 9/15/13	246,250
		Phillips Van-Heusen, Sr. Notes
55		7.25%, 2/15/11	55,000
			$	1,645,275
Conglomerates — 0.1%
		Goodman Global Holdings, Inc., Sr. Notes, Variable Rate
$	210	8.36%, 6/15/12	$	208,425
		RBS Global & Rexnord Corp.
175		9.50%, 8/1/14	169,750
155		11.75%, 8/1/16	155,775
			$	533,950
Containers and Glass Products — 0.4%
		Berry Plastics Holding Corp.
$	400	8.875%, 9/15/14	$	386,000
		Berry Plastics Holding Corp., Variable Rate
110		9.235%, 9/15/14	106,150
		Intertape Polymer US, Inc., Sr. Sub. Notes
310		8.50%, 8/1/14	280,550
		Pliant Corp. (PIK)
1,282		11.85%, 6/15/09 (4)	1,346,307
			$	2,119,007

Cosmetics/Toiletries — 0.0%
		Revlon Consumer Products Corp., Sr. Sub. Notes
$	150	8.625%, 2/1/08		$	141,375
				$	141,375
Ecological Services and Equipment — 0.1%
		Waste Services, Inc., Sr. Sub. Notes
$	440	9.50%, 4/15/14		$	448,800
				$	448,800
Electronics/Electrical — 0.3%
		Advanced Micro Devices, Inc., Sr. Notes
$	170	7.75%, 11/1/12		$	150,025
		Amkor Technologies, Inc., Sr. Notes
55		7.75%, 5/15/13		50,394
		Avago Technologies Finance
90		11.875%, 12/1/15		99,000
		Avago Technologies Finance, Variable Rate
170		10.125%, 12/1/13		176,800
		CPI Holdco, Inc., Sr. Notes, Variable Rate
95		11.151%, 2/1/15		98,562
		NXP BV/NXP Funding, LLC
145		7.875%, 10/15/14		134,669
		NXP BV/NXP Funding, LLC, Variable Rate
775		8.11%, 10/15/13		725,594
		Open Solutions, Inc., Sr. Sub. Notes
55		9.75%, 2/1/15 (5)		53,350
				$	1,488,394
Financial Intermediaries — 2.2%
			Alzette, Variable Rate
$	750		11.86%, 12/15/20 (4)(5)	$	740,767
			Avalon Capital Ltd. 3, Series 1A, Class D, Variable Rate
760			7.31%, 2/24/19 (4)(5)	714,910
			Babson Ltd., 2005-1A, Class C1, Variable Rate
1,000			7.31%, 4/15/19 (4)(5)	917,710
			Bryant Park CDO Ltd., Series 2005-1A, Class C, Variable Rate
1,000			7.41%, 1/15/19 (4)(5)	927,146
			Carlyle High Yield Partners, Series 2004-6A, Class C, Variable Rate
1,000			7.81%, 8/11/16 (4)(5)	970,521
			Centurion CDO 8 Ltd., Series 2005-8A, Class D, Variable Rate
1,000			10.85%, 3/8/17 (4)	953,880
			Centurion CDO 9 Ltd., Series 2005-9A
750			9.35%, 7/17/19 (4)	676,222
			Comstock Funding, Ltd., Series 2006-1A, Class D
750			9.61%, 5/30/20 (4)(5)	594,501

		Dryden Leveraged Loan, Series 2004-6A, Class C1, Variable Rate
$	1,500	7.91%, 7/30/16 (4)(5)	$	1,458,084
		First CLO, Ltd., Sr. Sub. Notes, Variable Rate
1,000		7.68%, 7/27/16 (4)(5)	962,320
		Ford Motor Credit Co.
200		6.625%, 6/16/08	198,724
715		7.375%, 10/28/09	690,619
340		7.875%, 6/15/10	325,339
		General Motors Acceptance Corp.
400		6.375%, 5/1/08	395,000
100		5.85%, 1/14/09	96,689
110		6.61%, 5/15/09	105,839
160		7.75%, 1/19/10	155,949
40		7.00%, 2/1/12	37,428
440		8.00%, 11/1/31	414,256
		Schiller Park CLO Ltd., 2007-1A D, Variable Rate
1,000		7.107%, 4/25/21 (4)(5)	910,658
		Sonata Securities S.A., Series 2006-6
661		8.85%, 12/28/07	667,746
			$	12,914,308
Food Products — 0.1%
		ASG Consolidated, LLC / ASG Finance, Inc., Sr. Disc. Notes
$	495	11.50%, 11/1/11	$	457,875
		Dole Food Co., Inc.
210		7.25%, 6/15/10	193,725
		Dole Foods Co., Sr. Notes
45		8.625%, 5/1/09	43,650
		Pierre Foods, Inc., Sr. Sub. Notes
55		9.875%, 7/15/12	54,725
			$	749,975
Food Service — 0.2%
		Aramark Corp., Sr. Notes
$	250	8.50%, 2/1/15 (5)	$	236,875
		Aramark Corp., Sr. Notes, Variable Rate
340		8.856%, 2/1/15 (5)	317,900
		El Pollo Loco, Inc.
370		11.75%, 11/15/13	375,550
		NPC International, Inc., Sr. Sub. Notes
330		9.50%, 5/1/14	305,250
			$	1,235,575
Food/Drug Retailers — 0.4%
		General Nutrition Center, Sr. Notes, Variable Rate (PIK)
$	345	9.796%, 3/15/14 (5)	$	322,575
		General Nutrition Center, Sr. Sub. Notes
345		10.75%, 3/15/15 (5)	327,750

		Rite Aid Corp.
$	685	6.125%, 12/15/08 (5)	$	673,012
285		7.50%, 1/15/15	267,900
80		8.625%, 3/1/15	69,200
630		9.50%, 6/15/17 (5)	560,700
			$	2,221,137
Forest Products — 0.1%
		Abitibi-Consolidated Finance
$	95	7.875%, 8/1/09	$	90,962
		Georgia-Pacific Corp.
5		9.50%, 12/1/11	5,150
		Jefferson Smurfit Corp.
75		7.50%, 6/1/13	70,687
		JSG Funding PLC, Sr. Notes
30		9.625%, 10/1/12	31,500
		NewPage Corp.
440		10.00%, 5/1/12	451,000
		NewPage Corp., Variable Rate
135		11.606%, 5/1/12	145,125
			$	794,424
Healthcare — 0.7%
		Accellent, Inc.
$	210	10.50%, 12/1/13	$	202,650
		Advanced Medical Optics
70		7.50%, 5/1/17	64,050
		AMR HoldCo, Inc., Sr. Sub. Notes
325		10.00%, 2/15/15	342,875
		HCA, Inc.
635		8.75%, 9/1/10	619,125
150		7.875%, 2/1/11	144,378
195		9.125%, 11/15/14 (5)	193,050
600		9.25%, 11/15/16 (5)	597,000
		Iasis Healthcare
65		8.75%, 6/15/14	62,725
		MultiPlan, Inc., Sr. Sub. Notes
485		10.375%, 4/15/16 (5)	477,725
		National Mentor Holdings, Inc., Sr. Sub. Notes
225		11.25%, 7/1/14	238,500
		Res-Care, Inc., Sr. Notes
195		7.75%, 10/15/13	195,975
		Service Corp. International, Sr. Notes
240		7.00%, 6/15/17	219,600
		Universal Hospital Service, Inc. (PIK)
40		8.50%, 6/1/15 (5)	36,300

		Universal Hospital Service, Inc., Variable Rate
$	40	8.759%, 6/1/15 (5)	$	37,500
		US Oncology, Inc.
265		9.00%, 8/15/12	265,000
515		10.75%, 8/15/14	522,725
		Varietal Distribution Merger, Inc., Sr. Notes (PIK)
40		10.25%, 7/15/15 (5)	37,700
			$	4,256,878
Home Furnishings — 0.0%
		Interline Brands, Inc., Sr. Sub. Notes
$	135	8.125%, 6/15/14	$	134,325
			$	134,325
Industrial Equipment — 0.1%
		Chart Industries, Inc., Sr. Sub. Notes
$	195	9.125%, 10/15/15	$	201,825
		ESCO Corp., Sr. Notes
145		8.625%, 12/15/13 (5)	142,825
		ESCO Corp., Sr. Notes, Variable Rate
145		9.235%, 12/15/13 (5)	140,287
			$	484,937
Leisure Goods/Activities/Movies — 0.4%
		Bombardier, Inc., Sr. Notes
$	130	8.00%, 11/15/14 (5)	$	129,350
		HRP Myrtle Beach Operations, LLC/HRP Myrtle Beach Capital Corp.
195		12.50%, 4/1/13 (5)	203,775
		HRP Myrtle Beach Operations, LLC/HRP Myrtle Beach Capital Corp., Variable Rate
360		10.07%, 4/1/12 (5)	366,300
		Marquee Holdings, Inc., Sr. Disc. Notes
790		12.00%, 8/15/14	675,450
		Universal City Developement Partners, Sr. Notes
325		11.75%, 4/1/10	342,062
		Universal City Florida Holdings, Sr. Notes, Variable Rate
615		10.106%, 5/1/10	621,150
			$	2,338,087
Lodging and Casinos — 1.1%
		Buffalo Thunder Development Authority
$	375	9.375%, 12/15/14 (5)	$	350,625
		CCM Merger, Inc.
230		8.00%, 8/1/13 (5)	227,700
		Chukchansi EDA, Sr. Notes, Variable Rate
280		8.859%, 11/15/12 (5)	282,800

		Fontainebleau Las Vegas Casino, LLC
$	485	10.25%, 6/15/15 (5)	$	420,737
		Galaxy Entertainment Finance
200		9.875%, 12/15/12 (5)	214,750
		Galaxy Entertainment Finance, Variable Rate
175		10.409%, 12/15/10 (5)	183,750
		Greektown Holdings, LLC, Sr. Notes
200		10.75%, 12/1/13 (5)	206,000
		Host Hotels & Resorts L.P., Sr. Notes
185		6.875%, 11/1/14	179,450
		Inn of the Mountain Gods, Sr. Notes
625		12.00%, 11/15/10	665,625
		Las Vegas Sands Corp.
35		6.375%, 2/15/15	32,375
		Majestic HoldCo, LLC, (0.00% until 2008)
140		12.50%, 10/15/11 (5)	102,900
		Majestic Star Casino, LLC
340		9.50%, 10/15/10	345,100
		MGM Mirage, Inc.
160		7.50%, 6/1/16	149,600
		Mohegan Tribal Gaming Authority, Sr. Sub. Notes
95		8.00%, 4/1/12	96,662
		OED Corp./Diamond Jo, LLC
475		8.75%, 4/15/12	477,375
		Pinnacle Entertainment Inc., Sr. Sub. Notes
140		7.50%, 6/15/15 (5)	129,500
		Pokagon Gaming Authority, Sr. Notes
110		10.375%, 6/15/14 (5)	118,250
		San Pasqual Casino
305		8.00%, 9/15/13 (5)	304,237
		Seminole Hard Rock Entertainment, Variable Rate
175		7.86%, 3/15/14 (5)	172,375
		Station Casinos, Inc.
55		7.75%, 8/15/16	51,837
		Station Casinos, Inc., Sr. Notes
95		6.00%, 4/1/12	87,400
		Trump Entertainment Resorts, Inc.
1,205		8.50%, 6/1/15	1,021,237
		Tunica-Biloxi Gaming Authority, Sr. Notes
310		9.00%, 11/15/15 (5)	311,550
		Turning Stone Resort Casinos, Sr. Notes
75		9.125%, 9/15/14 (5)	76,125
		Waterford Gaming, LLC, Sr. Notes
64		8.625%, 9/15/12 (5)	65,600

		Wynn Las Vegas, LLC
$	150	6.625%, 12/1/14	$	139,875
			$	6,413,435
Nonferrous Metals/Minerals — 0.4%
		Aleris International, Inc., Sr. Notes
$	260	9.00%, 12/15/14 (5)	$	244,400
		Aleris International, Inc., Sr. Sub. Notes
630		10.00%, 12/15/16 (5)	567,000
		Alpha Natural Resources, Sr. Notes
135		10.00%, 6/1/12	138,375
		FMG Finance PTY, Ltd., Variable Rate
195		9.36%, 9/1/11 (5)	204,750
490		10.625%, 9/1/16 (5)	563,500
		Novelis, Inc., Sr. Notes
380		7.25%, 2/15/15	382,850
			$	2,100,875
Oil and Gas — 0.9%
		Allis-Chalmers Energy, Inc.
$	90	8.50%, 3/1/17	$	86,625
		Allis-Chalmers Energy, Inc., Sr. Notes
445		9.00%, 1/15/14	442,775
		Cimarex Energy Co., Sr. Notes
120		7.125%, 5/1/17	114,000
		Clayton Williams Energy, Inc.
160		7.75%, 8/1/13	144,000
		Compton Pet Finance Corp.
360		7.625%, 12/1/13	338,400
		Copano Energy, LLC, Sr. Notes
70		8.125%, 3/1/16	70,350
		Denbury Resources, Inc., Sr. Sub. Notes
50		7.50%, 12/15/15	48,250
		El Paso Corp., Sr. Notes
225		9.625%, 5/15/12	249,185
		Encore Acquisition Co., Sr. Sub. Notes
155		7.25%, 12/1/17	140,275
		Ocean Rig Norway AS, Sr. Notes
225		8.375%, 7/1/13 (5)	225,000
		OPTI Canada, Inc.
95		7.875%, 12/15/14 (5)	93,575
180		8.25%, 12/15/14 (5)	180,900
		Parker Drilling Co., Sr. Notes
100		9.625%, 10/1/13	106,875
		Petrohawk Energy Corp., Sr. Notes
795		9.125%, 7/15/13	822,825

		Petroplus Finance, Ltd.
$	165	7.00%, 5/1/17 (5)	$	151,388
		Plains Exploration & Production Co.
255		7.00%, 3/15/17	228,863
		Quicksilver Resources, Inc.
210		7.125%, 4/1/16	195,825
		SemGroup L.P., Sr. Notes
540		8.75%, 11/15/15 (5)	534,600
		Sesi, LLC, Sr. Notes
60		6.875%, 6/1/14	56,100
		Stewart & Stevenson, LLC, Sr. Notes
305		10.00%, 7/15/14 (5)	315,675
		United Refining Co., Sr. Notes
645		10.50%, 8/15/12 (5)	654,675
190		10.50%, 8/15/12	192,850
		VeraSun Energy Corp.
105		9.875%, 12/15/12	108,413
			$	5,501,424
Publishing — 0.2%
		CBD Media, Inc., Sr. Sub. Notes
$	125	8.625%, 6/1/11	$	125,313
		Clarke American Corp., Sr. Notes
100		9.50%, 5/15/15 (5)	91,750
		Deluxe Corp., Sr. Notes
55		7.375%, 6/1/15 (5)	53,900
		Dex Media West, LLC, Sr. Sub. Notes
127		9.875%, 8/15/13	133,985
		Idearc, Inc., Sr. Notes
220		8.00%, 11/15/16	209,550
		MediaNews Group, Inc., Sr. Sub. Notes
100		6.875%, 10/1/13	84,500
		MediMedia USA, Inc., Sr. Sub Notes
150		11.375%, 11/15/14 (5)	158,250
		Reader’s Digest Association, Sr. Sub. Notes
595		9.00%, 2/15/17 (5)	511,700
			$	1,368,948
Radio and Television — 0.3%
		CanWest Media, Inc.
$	464	8.00%, 9/15/12	$	447,552
		Intelsat Bermuda, Ltd.
325		9.25%, 6/15/16	333,125
		LBI Media, Inc.
165		10.125%, 7/15/12	173,663
		Rainbow National Services, LLC, Sr. Notes
180		8.75%, 9/1/12 (5)	185,400

		Rainbow National Services, LLC, Sr. Sub. Debs.
$	645	10.375%, 9/1/14 (5)	$	706,275
			$	1,846,015
Rail Industries — 0.1%
		American Railcar Industry
$	175	7.50%, 3/1/14	$	171,500
		Kansas City Southern Mexico, Sr. Notes
245		7.625%, 12/1/13 (5)	245,613
55		7.375%, 6/1/14 (5)	53,488
		Kansas City Southern Railway Co.
95		9.50%, 10/1/08	97,969
			$	568,570
Retailers (Except Food and Drug) — 0.8%
		Amscan Holdings, Inc., Sr. Sub. Notes
$	250	8.75%, 5/1/14	$	226,250
		AutoNation, Inc., Variable Rate
135		7.36%, 4/15/13	126,225
		Bon-Ton Department Stores, Inc.
435		10.25%, 3/15/14	393,675
		GameStop Corp.
1,385		8.00%, 10/1/12	1,407,506
		Michaels Stores, Inc., Sr. Notes
390		10.00%, 11/1/14 (5)	380,250
		Michaels Stores, Inc., Sr. Sub. Notes
295		11.375%, 11/1/16 (5)	286,150
		Neiman Marcus Group, Inc.
310		9.00%, 10/15/15	324,725
1,010		10.375%, 10/15/15	1,068,075
		Toys R US Corp.
215		7.375%, 10/15/18	163,400
		Yankee Acquisition Corp.
200		8.50%, 2/15/15	185,000
			$	4,561,256
Steel — 0.1%
		AK Steel Corp.
$	41	7.875%, 2/15/09	$	41,205
		Ispat Inland ULC, Sr. Notes
199		9.75%, 4/1/14	217,057
		RathGibson, Inc., Sr, Notes
445		11.25%, 2/15/14	460,575
			$	718,837

Surface Transport — 0.0%
		Horizon Lines, LLC
$	217	9.00%, 11/1/12	$	231,648
			$	231,648
Telecommunications — 0.8%
		Alamosa Delaware, Inc., Sr. Notes
$	515	11.00%, 7/31/10	$	545,534
		Centennial Cellular Operating Co., LLC, Sr. Notes
205		10.125%, 6/15/13	216,019
		Digicel Group, Ltd., Sr. Notes
275		9.25%, 9/1/12 (5)	279,125
310		8.875%, 1/15/15 (5)	285,975
342		9.125%, 1/15/15 (5)	315,949
		iPCS, Inc., Variable Rate
120		7.485%, 5/1/13 (5)	116,400
		Level 3 Financing, Inc., Sr. Notes
225		9.25%, 11/1/14	216,000
325		8.75%, 2/15/17 (5)	300,625
		Qwest Capital Funding, Inc.
130		7.00%, 8/3/09	128,700
50		7.90%, 8/15/10	49,625
		Qwest Communications International, Inc.
500		7.50%, 2/15/14	482,500
		Qwest Communications International, Inc., Sr. Notes
65		7.50%, 11/1/08	64,675
		Qwest Corp., Sr. Notes
140		7.625%, 6/15/15	137,900
		Qwest Corp., Sr. Notes, Variable Rate
985		8.61%, 6/15/13	1,024,400
		Windstream Corp., Sr. Notes
190		8.125%, 8/1/13	193,088
60		8.625%, 8/1/16	61,050
			$	4,417,565
Utilities — 0.3%
		Dynegy Holdings, Inc.
$	195	8.375%, 5/1/16	$	182,325
30		7.75%, 6/1/19 (5)	26,100
		Edison Mission Energy
100		7.50%, 6/15/13	97,000
		Edison Mission Energy, Sr. Notes
150		7.00%, 5/15/17 (5)	136,125
		InterGen NV
160		9.00%, 6/30/17 (5)	158,400
		NGC Corp.
390		7.625%, 10/15/26	321,750

		NRG Energy, Inc.
$	140	7.25%, 2/1/14	$	135,450
355		7.375%, 1/15/17	343,463
		NRG Energy, Inc., Sr. Notes
120		7.375%, 2/1/16	116,100
		Reliant Energy, Inc., Sr. Notes
20		7.625%, 6/15/14	19,200
195		7.875%, 6/15/17	186,225
			$	1,722,138
Total Corporate Bonds & Notes (identified cost, $79,524,513)			$	77,816,863

Common Stocks — 0.1%

Shares	Security	Value
22,932	Delta Air Lines, Inc.	$	408,648
1,000,000	Delta Air Lines, Inc. (4)(6)	73,125
32,088	Trump Entertainment Resorts, Inc. (6)	214,990
Total Common Stocks (identified cost, $1,204,202)		$	696,763

Convertible Bonds — 0.1%

Principal
Amount		Security	Value
$	310,000	L-3 Communications Corp. (5)	$	347,975
Total Convertible Bonds (identified cost, $313,238)			$	347,975

Convertible Preferred Stocks — 0.0%

Shares	Security	Value
1,007	Chesapeake Energy Corp., 4.50%	$	101,898
934	Crown Castle International Corp., 6.25% (PIK)	53,939
Total Convertible Preferred Stocks (identified cost, $142,317)		$	155,837

Closed-End Investment Companies — 1.8%

Shares	Security	Value
20,000	Blackrock Floating Rate Income Strategies Fund II, Inc.	$	347,600
25,000	Blackrock Floating Rate Income Strategies Fund, Inc.	443,750
125,000	First Trust / Four Corners Senior Floating Rate Income Fund II	2,163,750
895,800	ING Prime Rate Trust	6,216,852
87,500	LMP Corporate Loan Fund, Inc.	1,147,125
Total Closed-End Investment Companies (identified cost, $11,209,593)		$	10,319,077

Total Investments — 166.9% (identified cost $1,019,143,095)	$	988,470,401
Less Unfunded Loans — Commitments (1.2)%	$	(7,355,330	)
Net Investments — 165.7% (identified cost $1,011,787,765)	$	981,115,071
Other Assets, Less Liabilities — 0.9%	$	5,319,236
Auction Preferred Shares Plus Cumulative Unpaid Dividends — (66.6)%	$	(394,356,426	)
Net Assets Applicable to Common Shares — 100.0%	$	592,077,881

PIK	—	Payment in Kind
EUR	—	Euro
GBP	—	British Pound
(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 or partially unfunded loan commitments. The Fund may enter into certain credit agreements all or a portion of which may be unfunded. The Fund is obligated to fund these commitments at the Borrower’s discretion.
(3)		This Senior Loan will settle after July 31, 2007, at which time the interest rate will be determined.
(4)		Security valued at fair value using methods determined in good faith by or at the direction of the Trustees.
(5)		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 July 31, 2007, the aggregate value of the securities is $28,020,002 or 4.7% of the Trust’s net assets.
(6)		Non-income producing security.

A summary of financial instruments at July 31, 2007 is as follows:

Forward Foreign Currency Exchange Contracts

Sales

			Net Unrealized
Settlement			Appreciation
Date	Deliver	In Exchange For	(Depreciation)
8/31/07	Pound 13,483,788	United States Dollar 27,301,935		$	(87,251	)
8/31/07	Euro 36,614,663	United States Dollar 50,170,102		565
				$	(86,686	)

Credit Default Swaps

The Fund has entered into credit default swaps whereby the Fund is buying or selling protection against default exposing the Fund to risks associated with changes in credit spreads of the underlying instrument.

Reference

Notional
Amount

Receive Annual

Termination

Net Unrealized
Appreciation

Counterparty

Entity

Buy/Sell

(000’s omitted)

Fixed Rate

Date

(Depreciation)

Lehman Brothers, Inc.

Inergy, L.P

Buy

2,000

2.20

3/20/2010

59,318

JPMorgan Chase, N.A.

LCDX Series 8

Sell

5,000

1.20

6/20/2012

(253,363

)

(194,045

)

At July 31, 2007, the Trust had sufficient cash and/or securities segregated to cover potential obligations under these contracts.

The cost and unrealized appreciation (depreciation) in value of the investments owned by the Trust at July 31, 2007, as computed on a federal income tax basis, were as follows:

Aggregate cost	$	1,012,457,684
Gross unrealized appreciation	$	1,408,882
Gross unrealized depreciation	(32,751,495		)
Net unrealized depreciation	$	(31,342,613	)

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 Senior Floating-Rate Trust

By:		/s/ Thomas E. Faust Jr.
		Thomas E. Faust Jr.
		President
Date:		September 21, 2007

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/ Thomas E. Faust Jr.
		Thomas E. Faust Jr.
		President
Date:		September 21, 2007
By:		/s/ Barbara E. Campbell
		Barbara E. Campbell
		Treasurer
Date:		September 21, 2007