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, 2007

Item 1. Schedule of Investments

Eaton Vance Floating-Rate Income Trust as of August 31, 2007

PORTFOLIO OF INVESTMENTS (Unaudited)

Senior, Floating Rate Interests — 148.6% (1)

Principal
Amount				Borrower/Tranche Description	Value
Aerospace and Defense — 2.3%
				CACI International, Inc.
$	2,141,221			Term Loan, 6.86%, Maturing May 3, 2011	$	2,087,690
				Colt Defense, LLC
1,000,000				Term Loan, 8.82%, Maturing July 9, 2014	993,750
				Evergreen International Aviation
1,557,773				Term Loan, 9.10%, Maturing October 31, 2011	1,542,196
				Forgins International Holdings
951,950				Term Loan, 9.36%, Maturing February 11, 2015	944,810
				Hawker Beechcraft Acquisition
187,234				Term Loan, 5.26%, Maturing March 26, 2014	179,043
2,207,234				Term Loan, 7.37%, Maturing March 26, 2014	2,110,668
				Hexcel Corp.
513,525				Term Loan, 7.14%, Maturing March 1, 2012	500,687
				IAP Worldwide Services, Inc.
1,058,875				Term Loan, 9.69%, Maturing December 30, 2012	921,751
				Spirit AeroSystems, Inc.
1,292,045				Term Loan, 7.11%, Maturing December 31, 2011	1,279,124
				TransDigm, Inc.
1,800,000				Term Loan, 7.36%, Maturing June 23, 2013	1,737,000
				Vought Aircraft Industries, Inc.
1,288,941				Term Loan, 7.83%, Maturing December 17, 2011	1,258,329
				Wesco Aircraft Hardware Corp.
1,276,167				Term Loan, 7.61%, Maturing September 29, 2013	1,237,882
				Wyle Laboratories, Inc.
275,691				Term Loan, 8.11%, Maturing January 28, 2011	263,285
					$	15,056,215
Air Transport — 1.1%
				Airport Development and Investment
GBP		2,000,000		Term Loan, 10.03%, Maturing April 7, 2011	$	3,932,788
				Delta Air Lines, Inc.
1,350,000				Term Loan, 8.61%, Maturing April 30, 2014	1,304,100
				Northwest Airlines, Inc.
2,326,500				DIP Loan, 7.51%, Maturing August 21, 2008	2,275,608
					$	7,512,496
Automotive — 5.9%
				AA Acquisitions Co., Ltd.
GBP			1,000,000	Term Loan, 8.88%, Maturing June 25, 2012	$	1,997,888
				Accuride Corp.
1,797,212				Term Loan, 7.40%, Maturing January 31, 2012	1,749,286
				Adesa, Inc.
4,600,000				Term Loan, 7.61%, Maturing October 18, 2013	4,332,625

				Affina Group, Inc.
$	1,210,323			Term Loan, 8.36%, Maturing November 30, 2011	$	1,186,116
				AxleTech International Holding, Inc.
1,950,000				Term Loan, 11.86%, Maturing April 21, 2013	1,906,125
				CSA Acquisition Corp.
262,457				Term Loan, 7.88%, Maturing December 23, 2011	255,239
656,097				Term Loan, 7.88%, Maturing December 23, 2011	638,054
492,500				Term Loan, 7.88%, Maturing December 23, 2012	472,800
				Dana Corp.
2,575,000				Term Loan, 7.98%, Maturing March 30, 2008	2,539,594
				Dayco Products, LLC
2,167,878				Term Loan, 7.85%, Maturing June 21, 2011	2,113,681
				Delphi Corp.
1,000,000				DIP Loan, 8.13%, Maturing December 31, 2007	985,833
				Federal-Mogul Corp.
2,989,770				Revolving Loan, 7.06%, Maturing December 31, 2007 (2)	2,886,623
				Ford Motor Co.
1,965,125				Term Loan, 8.36%, Maturing December 15, 2013	1,849,980
				General Motors Corp.
2,614,369				Term Loan, 7.74%, Maturing November 29, 2013	2,505,710
				Goodyear Tire & Rubber Co.
2,675,000				Term Loan, 6.85%, Maturing April 30, 2010	2,536,569
				HLI Operating Co., Inc.
EUR			87,273	Term Loan, 6.84%, Maturing May 30, 2014	115,108
EUR			1,512,727	Term Loan, 6.87%, Maturing May 30, 2014	1,977,159
				Jason, Inc.
500,000				Term Loan, 8.03%, Maturing April 30, 2010	480,000
				Keystone Automotive Operations, Inc.
995,000				Term Loan, 8.89%, Maturing January 12, 2012	914,156
				Osprey Acquisitions, Ltd.
GBP		1,000,000		Term Loan, 7.96%, Maturing September 30, 2011	1,981,752
				The Hertz Corp.
444,444				Term Loan, 5.36%, Maturing December 21, 2012	432,460
2,476,460				Term Loan, 7.10%, Maturing December 21, 2012	2,409,685
				TriMas Corp.
262,500				Term Loan, 8.05%, Maturing August 2, 2011	257,906
1,128,969				Term Loan, 7.61%, Maturing August 2, 2013	1,109,212
				United Components, Inc.
1,397,690				Term Loan, 7.38%, Maturing June 30, 2010	1,362,747
					$	38,996,308
Beverage and Tobacco — 0.5%
				Constellation Brands, Inc.
$	1,200,000			Term Loan, 6.89%, Maturing June 5, 2013	$	1,171,285
				Culligan International Co.
EUR			1,075,000	Term Loan, 8.85%, Maturing May 31, 2013 (3)	1,333,599

		Southern Wine & Spirits of America, Inc.
$	821,123	Term Loan, 6.86%, Maturing May 31, 2012	$	809,832
			$	3,314,716
Brokers/Dealers/Investment Houses — 0.2%
		AmeriTrade Holding Corp.
$	1,094,591	Term Loan, 7.07%, Maturing December 31, 2012	$	1,069,005
			$	1,069,005
Building and Development — 5.9%
		Beacon Sales Acquisition, Inc.
$	769,188	Term Loan, 7.39%, Maturing September 30, 2013	$	738,420
		Brickman Group Holdings, Inc.
1,795,500		Term Loan, 7.34%, Maturing January 23, 2014	1,710,214
		Building Materials Corp. of America
1,567,135		Term Loan, 8.13%, Maturing February 22, 2014	1,394,750
		Capital Automotive (REIT)
1,372,138		Term Loan, 7.07%, Maturing December 16, 2010	1,338,863
		Epco / Fantome, LLC
1,632,000		Term Loan, 7.98%, Maturing November 23, 2010	1,636,080
		Hovstone Holdings, LLC
1,532,679		Term Loan, 6.92%, Maturing February 28, 2009	1,433,055
		LNR Property Corp.
3,125,000		Term Loan, 8.11%, Maturing July 3, 2011	3,044,272
		Metroflag BP, LLC (BP Parent)
500,000		Term Loan, 14.54%, Maturing July 1, 2008	501,250
		Mueller Water Products, Inc.
1,439,686		Term Loan, 7.19%, Maturing May 24, 2014	1,404,594
		NCI Building Systems, Inc.
400,742		Term Loan, 6.93%, Maturing June 18, 2010	388,720
		Nortek, Inc.
4,947,000		Term Loan, 7.61%, Maturing August 27, 2011	4,742,936
		November 2005 Land Investors
396,647		Term Loan, 8.32%, Maturing May 9, 2011	366,899
		Panolam Industries Holdings, Inc.
590,661		Term Loan, 8.11%, Maturing September 30, 2012	567,035
		PLY GEM Industries, Inc.
2,043,336		Term Loan, 8.11%, Maturing August 15, 2011	1,952,663
76,350		Term Loan, 8.11%, Maturing August 15, 2011	72,962
		Realogy Corp.
981,061		Term Loan, 5.17%, Maturing September 1, 2014	896,581
3,643,939		Term Loan, 8.36%, Maturing September 1, 2014	3,330,155
		South Edge, LLC
843,750		Term Loan, 7.63%, Maturing October 31, 2009	793,125
		Stile Acquisition Corp.
1,296,319		Term Loan, 7.36%, Maturing April 6, 2013	1,205,577

			Stile U.S. Acquisition Corp.
$	1,298,533		Term Loan, 7.36%, Maturing April 6, 2013	$	1,207,636
			Tousa/Kolter, LLC
1,444,467			Term Loan, 8.61%, Maturing January 7, 2008	1,440,855
			TRU 2005 RE Holding Co.
4,575,000			Term Loan, 8.32%, Maturing December 9, 2008	4,508,283
			United Subcontractors, Inc.
925,000			Term Loan, 12.61%, Maturing June 27, 2013	885,687
			Wintergames Acquisition ULC
3,192,319			Term Loan, 7.60%, Maturing October 26, 2007	3,096,549
				$	38,657,161
Business Equipment and Services — 11.0%
			ACCO Brands Corp.
$	1,366,700		Term Loan, 7.16%, Maturing August 17, 2012	$	1,341,644
			Activant Solutions, Inc.
791,263			Term Loan, 7.38%, Maturing May 1, 2013	741,809
			Acxiom Corp.
1,500,125			Term Loan, 7.34%, Maturing September 15, 2012	1,466,372
			Affiliated Computer Services
2,376,000			Term Loan, 7.46%, Maturing March 20, 2013	2,328,480
911,125			Term Loan, 7.51%, Maturing March 20, 2013	892,902
			Affinion Group, Inc.
2,719,450			Term Loan, 8.00%, Maturing October 17, 2012	2,640,132
			Allied Security Holdings, LLC
1,410,455			Term Loan, 8.36%, Maturing June 30, 2010	1,389,298
			Asurion Corp.
1,675,000			Term Loan, 8.36%, Maturing July 13, 2012	1,578,687
1,000,000			Term Loan, 11.84%, Maturing January 13, 2013	941,667
			Buhrmann US, Inc.
1,434,349			Term Loan, 7.34%, Maturing December 31, 2010	1,400,284
			DynCorp International, LLC
1,201,942			Term Loan, 7.63%, Maturing February 11, 2011	1,147,854
			Education Management, LLC
2,950,845			Term Loan, 7.13%, Maturing June 1, 2013	2,815,803
			Info USA, Inc.
664,909			Term Loan, 7.36%, Maturing February 14, 2012	651,611
			ista International GmbH
EUR		1,188,822	Term Loan, 6.34%, Maturing May 14, 2015	1,497,086
EUR		236,178	Term Loan, 6.34%, Maturing May 14, 2015	289,773
			Kronos, Inc.
1,250,000			Term Loan, 7.61%, Maturing June 11, 2014	1,159,375
			Language Line, Inc.
3,956,070			Term Loan, 8.61%, Maturing June 11, 2011	3,855,519
			Mitchell International, Inc.
1,000,000			Term Loan, 10.63%, Maturing March 28, 2015	960,000

				N.E.W. Holdings I, LLC
$	2,086,654			Term Loan, 7.90%, Maturing May 22, 2014	$	1,933,634
				Nielsen Finance, LLC
7,642,250				Term Loan, 7.36%, Maturing August 9, 2013	7,374,771
				Protection One, Inc.
2,246,260				Term Loan, 7.79%, Maturing March 31, 2012	2,201,335
				Quantum Corp.
475,000				Term Loan, 8.86%, Maturing July 12, 2014	467,875
				Quintiles Transnational Corp.
1,875,000				Term Loan, 9.36%, Maturing March 31, 2014	1,837,500
				Sabre, Inc.
5,377,363				Term Loan, 7.36%, Maturing September 30, 2014	4,998,259
				Serena Software, Inc.
1,082,188				Term Loan, 7.34%, Maturing March 10, 2013	1,046,115
				Sitel (Client Logic)
2,092,940				Term Loan, 7.91%, Maturing January 29, 2014	2,019,687
				Solera Nederland Holdings
EUR			897,750	Term Loan, 6.19%, Maturing May 15, 2014	1,159,605
				SS&C Technologies, Inc.
907,834				Term Loan, 7.36%, Maturing November 23, 2012	889,677
9,217				Term Loan, 7.82%, Maturing November 23, 2012	9,032
				SunGard Data Systems, Inc.
14,309,095				Term Loan, 7.36%, Maturing February 11, 2013	13,907,467
				TDS Investor Corp.
EUR		1,054,228		Term Loan, 6.41%, Maturing August 23, 2013	1,400,647
301,124				Term Loan, 7.61%, Maturing August 23, 2013	289,681
1,500,739				Term Loan, 7.75%, Maturing August 23, 2013	1,443,711
				Transaction Network Services, Inc.
729,358				Term Loan, 7.54%, Maturing May 4, 2012	714,771
				VWR International, Inc.
1,825,000				Term Loan, 7.86%, Maturing June 28, 2013	1,699,531
				WAM Acquisition, S.A.
EUR			276,689	Term Loan, 6.57%, Maturing May 4, 2014	358,887
EUR			173,311	Term Loan, 6.57%, Maturing May 4, 2014	224,797
EUR			276,689	Term Loan, 6.82%, Maturing May 4, 2015	360,475
EUR			173,311	Term Loan, 6.82%, Maturing May 4, 2015	225,792
				Williams Scotsman, Inc.
850,000				Term Loan, 7.00%, Maturing June 27, 2010	837,250
					$	72,498,795
Cable and Satellite Television — 9.5%
				Atlantic Broadband Finance, LLC
$	3,960,083			Term Loan, 7.61%, Maturing February 10, 2011	$	3,883,356
				Bragg Communications, Inc.
3,150,000				Term Loan, Maturing August 31, 2014 (4)	3,150,000

							Bresnan Broadband Holdings, LLC
$	550,000						Term Loan, 7.36%, Maturing March 29, 2014	$	532,125
1,325,000							Term Loan, 9.86%, Maturing March 29, 2014	1,288,562
							Charter Communications Operating, Inc.
12,297,231							Term Loan, 7.36%, Maturing April 28, 2013	11,671,388
							CSC Holdings, Inc.
5,432,553							Term Loan, 7.07%, Maturing March 29, 2013	5,226,165
							Insight Midwest Holdings, LLC
5,925,000							Term Loan, 7.36%, Maturing April 6, 2014	5,788,909
							Kabel BW GmbH and Co.
EUR						500,000	Term Loan, 6.62%, Maturing June 9, 2013	658,461
EUR						500,000	Term Loan, 7.12%, Maturing June 9, 2014	662,089
							MCC Iowa, LLC
1,637,500							Term Loan, 7.04%, Maturing March 31, 2010	1,539,250
							Mediacom Broadband Group
2,932,986							Term Loan, 7.32%, Maturing January 31, 2015	2,774,813
							Mediacom Illinois, LLC
4,077,634							Term Loan, 7.32%, Maturing January 31, 2015	3,867,926
							NTL Investment Holdings, Ltd.
2,782,878							Term Loan, 7.36%, Maturing March 30, 2012	2,697,516
GBP					580,056		Term Loan, 8.29%, Maturing March 30, 2012	1,128,454
GBP					294,944		Term Loan, 8.29%, Maturing March 30, 2012	573,790
							Orion Cable GmbH
EUR			1,175,000				Term Loan, 7.03%, Maturing October 31, 2014	1,521,327
EUR			1,175,000				Term Loan, 7.98%, Maturing October 31, 2015	1,529,336
							Persona Communications Corp.
277,602							Term Loan, 8.31%, Maturing October 12, 2013	276,908
172,461							Term Loan, 8.32%, Maturing October 12, 2013	172,029
900,000							Term Loan, 11.57%, Maturing April 12, 2014	905,625
							ProSiebenSat.1 Media AG
EUR				93,401			Term Loan, 7.08%, Maturing March 2, 2015	115,512
EUR				11,076			Term Loan, 6.55%, Maturing June 26, 2015	14,066
EUR				272,924			Term Loan, 6.55%, Maturing June 26, 2015	346,601
EUR				93,401			Term Loan, 7.33%, Maturing March 2, 2016	116,467
EUR				505,274			Term Loan, 8.45%, Maturing September 2, 2016	636,580
EUR				701,045			Term Loan, Maturing March 2, 2017 (4)	911,499
							UPC Broadband Holding B.V.
EUR			4,500,000				Term Loan, 6.30%, Maturing June 30, 2009	5,795,031
2,175,000							Term Loan, 7.13%, Maturing October 16, 2011	2,052,656
							Ypso Holding SA
EUR		541,621					Term Loan, 6.78%, Maturing July 28, 2014	704,802
EUR		209,021					Term Loan, 6.78%, Maturing July 28, 2014	271,996
EUR		249,358					Term Loan, 6.78%, Maturing July 28, 2014	324,485
EUR		1,000,000					Term Loan, 7.03%, Maturing July 28, 2015	1,310,935
								$	62,448,659

Chemicals and Plastics — 10.4%
				AZ Chem US, Inc.
$	500,000			Term Loan, 11.01%, Maturing February 28, 2014	$	468,333
				Brenntag Holding GmbH and Co. KG
432,000				Term Loan, 7.39%, Maturing December 23, 2013	417,150
1,768,000				Term Loan, 7.39%, Maturing December 23, 2013	1,707,225
1,100,000				Term Loan, 9.39%, Maturing December 23, 2015	1,064,250
				Celanese Holdings, LLC
4,688,250				Term Loan, 7.11%, Maturing April 2, 2014	4,540,279
				Cognis GmbH
EUR		823,361		Term Loan, 6.15%, Maturing September 15, 2013	1,050,890
EUR		201,639		Term Loan, 6.15%, Maturing September 15, 2013	257,361
				First Chemical Holding
EUR		1,000,000		Term Loan, 7.23%, Maturing December 18, 2015 (2)	1,318,944
				Georgia Gulf Corp.
1,040,855				Term Loan, 7.83%, Maturing October 3, 2013	1,013,143
				Hercules, Inc.
2,090,226				Term Loan, 7.09%, Maturing October 8, 2010	2,060,613
				Hexion Specialty Chemicals, Inc.
500,000				Term Loan, 7.63%, Maturing May 5, 2012	488,928
4,904,359				Term Loan, 7.63%, Maturing May 5, 2013	4,795,761
1,065,366				Term Loan, 7.63%, Maturing May 5, 2013	1,041,776
				Huish Detergents, Inc.
1,050,000				Term Loan, 7.51%, Maturing April 26, 2014	973,875
				INEOS Group
1,782,000				Term Loan, 7.58%, Maturing December 14, 2013	1,741,460
1,782,000				Term Loan, 8.08%, Maturing December 14, 2014	1,741,460
				Innophos, Inc.
2,024,477				Term Loan, 7.82%, Maturing August 10, 2010	1,983,988
				Invista B.V.
5,040,000				Term Loan, 6.86%, Maturing April 30, 2010	4,863,600
				ISP Chemco, Inc.
3,000,000				Term Loan, 7.27%, Maturing June 4, 2014	2,892,501
				Kleopatra
EUR			625,000	Term Loan, 6.70%, Maturing January 3, 2016	800,909
900,000				Term Loan, 7.85%, Maturing January 3, 2016	893,250
				Kranton Polymers, LLC
2,815,191				Term Loan, 7.38%, Maturing May 12, 2013	2,686,162
				Lucite International Group Holdings
659,748				Term Loan, 7.61%, Maturing July 7, 2013	645,728
233,588				Term Loan, 7.61%, Maturing July 7, 2013	228,624
				Lyondell Chemical Co.
4,257,000				Term Loan, 6.84%, Maturing August 16, 2013	4,219,751

				MacDermid, Inc.
EUR			997,500	Term Loan, 6.41%, Maturing April 12, 2014	$	1,339,444
748,125				Term Loan, 7.36%, Maturing April 12, 2014	712,589
				Millenium Inorganic Chemicals
400,000				Term Loan, 7.61%, Maturing April 30, 2014	383,000
1,075,000				Term Loan, 11.11%, Maturing October 31, 2014	1,029,313
				Momentive Performance Material
1,840,750				Term Loan, 7.81%, Maturing December 4, 2013	1,771,722
				Nalco Co.
5,264,707				Term Loan, 7.11%, Maturing November 4, 2010	5,158,681
				Professional Paint, Inc.
816,750				Term Loan, 7.93%, Maturing May 31, 2012	771,829
350,000				Term Loan, 11.63%, Maturing May 31, 2013	330,750
				Rockwood Specialties Group, Inc.
6,313,125				Term Loan, 6.86%, Maturing December 10, 2012	6,139,514
				Solo Cup Co.
4,342,253				Term Loan, 8.94%, Maturing February 27, 2011	4,275,765
				Solutia, Inc.
1,937,533				DIP Loan, 8.36%, Maturing March 31, 2008	1,918,158
				Wellman, Inc.
750,000				Term Loan, 9.36%, Maturing February 10, 2009	725,312
					$	68,452,038
Clothing/Textiles — 0.8%
				Hanesbrands, Inc.
$	1,852,143			Term Loan, 7.13%, Maturing September 5, 2013	$	1,807,866
950,000				Term Loan, 9.11%, Maturing March 5, 2014	946,675
				Propex Fabrics, Inc.
903,219				Term Loan, 8.58%, Maturing July 31, 2012	821,930
				St. John Knits International, Inc.
649,882				Term Loan, 8.36%, Maturing March 23, 2012	640,134
				The William Carter Co.
1,073,323				Term Loan, 6.85%, Maturing July 14, 2012	1,043,807
					$	5,260,412
Conglomerates — 3.0%
				Amsted Industries, Inc.
$	1,911,784			Term Loan, 7.36%, Maturing October 15, 2010	$	1,879,523
				Blount, Inc.
341,289				Term Loan, 7.09%, Maturing August 9, 2010	334,463
				Doncasters (Dunde HoldCo 4 Ltd.)
477,212				Term Loan, 8.04%, Maturing July 13, 2015	465,281
477,212				Term Loan, 8.57%, Maturing July 13, 2015	465,281
GBP		550,000		Term Loan, 10.59%, Maturing January 13, 2016	1,081,643

			GenTek, Inc.
$	573,229		Term Loan, 7.38%, Maturing February 25, 2011	$	560,331
			Goodman Global Holdings, Inc.
983,943			Term Loan, 7.19%, Maturing December 23, 2011	959,344
			ISS Holdings A/S
EUR		1,162,281	Term Loan, 6.16%, Maturing December 31, 2013	1,517,704
EUR		162,719	Term Loan, 6.16%, Maturing December 31, 2013	212,479
			Jarden Corp.
2,417,057			Term Loan, 7.11%, Maturing January 24, 2012	2,329,006
953,853			Term Loan, 7.11%, Maturing January 24, 2012	919,105
			Johnson Diversey, Inc.
1,878,115			Term Loan, 7.36%, Maturing December 16, 2011	1,837,422
			Polymer Group, Inc.
2,831,875			Term Loan, 7.61%, Maturing November 22, 2012	2,789,397
			RBS Global, Inc.
345,625			Term Loan, 7.64%, Maturing July 19, 2013	335,688
			Rexnord Corp.
1,425,000			Term Loan, 7.86%, Maturing July 19, 2013	1,384,031
			RGIS Holdings, LLC
126,190			Term Loan, 0.00%, Maturing April 30, 2014 (2)	119,092
2,523,810			Term Loan, 8.07%, Maturing April 30, 2014	2,381,845
				$	19,571,635
Containers and Glass Products — 5.1%
			Berry Plastics Corp.
$	3,092,250		Term Loan, 7.36%, Maturing April 3, 2015	$	2,970,768
			Bluegrass Container Co.
421,800			Term Loan, 7.60%, Maturing June 30, 2013	418,215
1,409,700			Term Loan, 7.60%, Maturing June 30, 2013	1,397,718
321,212			Term Loan, 10.33%, Maturing December 30, 2013	320,409
1,003,788			Term Loan, 10.33%, Maturing December 30, 2013	1,001,278
			Consolidated Container Co.
1,000,000			Term Loan, 11.02%, Maturing September 28, 2014	907,500
			Crown Americas, Inc.
693,000			Term Loan, 7.31%, Maturing November 15, 2012	673,943
			Graham Packaging Holdings Co.
4,713,188			Term Loan, 7.63%, Maturing October 7, 2011	4,605,175
			Graphic Packaging International
6,368,000			Term Loan, 7.44%, Maturing May 16, 2014	6,293,705
			IPG (US), Inc.
2,951,850			Term Loan, 8.09%, Maturing July 28, 2011	2,878,054
			JSG Acquisitions
2,055,000			Term Loan, 7.49%, Maturing December 31, 2013	1,990,781
2,055,000			Term Loan, 8.11%, Maturing December 13, 2014	2,001,056
			Kranson Industries, Inc.
943,317			Term Loan, 7.61%, Maturing July 31, 2013	919,735

			Owens-Brockway Glass Container
$	1,759,500		Term Loan, 6.86%, Maturing June 14, 2013	$	1,699,017
			Smurfit-Stone Container Corp.
717,807			Term Loan, 5.22%, Maturing November 1, 2011	706,030
712,812			Term Loan, 7.38%, Maturing November 1, 2011	701,118
2,837,451			Term Loan, 7.38%, Maturing November 1, 2011	2,790,900
1,616,818			Term Loan, 7.38%, Maturing November 1, 2011	1,590,292
				$	33,865,694
Cosmetics/Toiletries — 0.6%
			American Safety Razor Co.
$	1,050,000		Term Loan, 11.69%, Maturing July 31, 2014	$	1,050,000
			KIK Custom Products, Inc.
1,075,000			Term Loan, 10.36%, Maturing November 30, 2014	967,500
			Prestige Brands, Inc.
2,201,600			Term Loan, 7.76%, Maturing April 7, 2011	2,168,576
				$	4,186,076
Drugs — 1.2%
			Graceway Pharmaceuticals, LLC
$	1,016,458		Term Loan, 8.11%, Maturing May 3, 2012	$	959,706
1,000,000			Term Loan, 11.86%, Maturing May 3, 2013	910,000
275,000			Term Loan, 13.61%, Maturing November 3, 2013	228,250
			Pharmaceutical Holdings Corp.
740,625			Term Loan, 8.76%, Maturing January 30, 2012	718,406
			Stiefel Laboratories, Inc.
754,635			Term Loan, 7.61%, Maturing December 28, 2013	732,939
986,615			Term Loan, 7.61%, Maturing December 28, 2013	958,250
			Warner Chilcott Corp.
3,021,409			Term Loan, 7.36%, Maturing January 18, 2012	2,923,214
832,371			Term Loan, 7.36%, Maturing January 18, 2012	805,319
				$	8,236,084
Ecological Services and Equipment — 1.8%
			Allied Waste Industries, Inc.
$	1,487,310		Term Loan, 5.32%, Maturing January 15, 2012	$	1,449,693
2,736,689			Term Loan, 6.84%, Maturing January 15, 2012	2,667,473
			Blue Waste B.V. (AVR Acquisition)
EUR		1,000,000	Term Loan, 6.16%, Maturing April 1, 2015	1,324,625
			Cory Environmental Holdings
GBP		500,000	Term Loan, 9.77%, Maturing September 30, 2014	1,016,719
			Duratek, Inc.
2,995			Term Loan, 7.66%, Maturing June 7, 2013	2,879
			EnergySolutions, LLC
4,262			Term Loan, 7.66%, Maturing June 7, 2013	4,097
			IESI Corp.
1,400,000			Term Loan, 7.26%, Maturing January 20, 2012	1,377,250

			Kemble Water Structure Ltd.
GBP		1,500,000	Term Loan, 9.77%, Maturing October 13, 2013	$	2,950,692
			Sensus Metering Systems, Inc.
71,761			Term Loan, 7.37%, Maturing December 17, 2010	70,326
763,088			Term Loan, 7.41%, Maturing December 17, 2010	747,826
				$	11,611,580
Electronics/Electrical — 4.4%
			AMI Semiconductor, Inc.
$	2,000,348		Term Loan, 6.86%, Maturing April 1, 2012	$	1,960,341
			Aspect Software, Inc.
2,233,125			Term Loan, 8.36%, Maturing July 11, 2011	2,110,303
2,000,000			Term Loan, 12.44%, Maturing July 11, 2013	1,890,000
			EnerSys Capital, Inc.
1,940,250			Term Loan, 7.12%, Maturing March 17, 2011	1,894,169
			FCI International S.A.S.
242,011			Term Loan, 7.76%, Maturing November 1, 2013	229,456
232,989			Term Loan, 7.76%, Maturing November 1, 2013	220,903
232,989			Term Loan, 7.76%, Maturing November 1, 2013	225,223
242,011			Term Loan, 7.76%, Maturing November 1, 2013	233,944
			Freescale Semiconductor, Inc.
4,751,125			Term Loan, 7.11%, Maturing December 1, 2013	4,459,040
			Infor Enterprise Solutions Holdings
2,918,659			Term Loan, 9.11%, Maturing July 28, 2012	2,780,023
1,522,779			Term Loan, 9.11%, Maturing July 28, 2012	1,450,447
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, LLC
852,124			Term Loan, 7.86%, Maturing March 7, 2014	805,257
			Open Solutions, Inc.
2,219,828			Term Loan, 7.49%, Maturing January 23, 2014	2,075,539
			Sensata Technologies Finance Co.
1,861,225			Term Loan, 7.11%, Maturing April 27, 2013	1,782,123
			Spectrum Brands, Inc.
64,767			Term Loan, 5.17%, Maturing March 30, 2013	63,175
1,310,233			Term Loan, 9.37%, Maturing March 30, 2013	1,278,024
			TTM Technologies, Inc.
408,750			Term Loan, 7.68%, Maturing October 27, 2012	400,575
			VeriFone, Inc.
807,500			Term Loan, 7.11%, Maturing October 31, 2013	779,238
			Vertafore, Inc.
2,244,375			Term Loan, 8.01%, Maturing January 31, 2012	2,165,822
950,000			Term Loan, 11.51%, Maturing January 31, 2013	907,250
				$	28,668,352

Equipment Leasing — 0.7%
							AWAS Capital, Inc.
$	2,354,022						Term Loan, 11.38%, Maturing March 22, 2013	$ 2,318,711
							Maxim Crane Works, L.P.
975,000							Term Loan, 7.36%, Maturing June 29, 2014	906,750
							United Rentals, Inc.
334,029							Term Loan, 5.32%, Maturing February 14, 2011	330,793
1,391,025							Term Loan, 7.32%, Maturing February 14, 2011	1,377,550
								$ 4,933,804
Farming/Agriculture — 0.4%
							Central Garden & Pet Co.
$			2,295,938				Term Loan, 7.05%, Maturing February 28, 2014	$ 2,241,409
								$ 2,241,409
Financial Intermediaries — 2.3%
							Citco III, Ltd.
$		600,000					Term Loan, 7.63%, Maturing June 30, 2014	$ 577,500
							Coinstar, Inc.
4,519,647							Term Loan, 7.36%, Maturing July 7, 2011	4,451,852
							Grosvenor Capital Management
1,589,127							Term Loan, 7.35%, Maturing December 5, 2013	1,541,453
							INVESTools, Inc.
500,000							Term Loan, 8.61%, Maturing August 13, 2012	490,000
							iPayment, Inc.
1,784,981							Term Loan, 7.40%, Maturing May 10, 2013	1,686,807
							Jupiter Asset Management Group
GBP						494,118	Term Loan, 8.74%, Maturing June 30, 2015	933,123
							LPL Holdings, Inc.
3,974,863							Term Loan, 7.36%, Maturing December 18, 2014	3,815,869
							Oxford Acquisition III, Ltd.
1,000,000							Term Loan, 7.11%, Maturing May 24, 2014	938,000
							RJO Holdings Corp. (RJ O’Brien)
525,000							Term Loan, 8.51%, Maturing July 31, 2014	501,375
								$ 14,935,979
Food Products — 4.2%
							Acosta, Inc.
$				3,318,361			Term Loan, 7.92%, Maturing July 28, 2013	$ 3,203,602
							Advantage Sales & Marketing, Inc.
475,000							Term Loan, 7.46%, Maturing March 29, 2013	454,219
934,602							Term Loan, 7.46%, Maturing March 29, 2013	893,713
							Black Lion Beverages III B.V.
EUR					147,059		Term Loan, 6.31%, Maturing December 31, 2013	192,602
EUR					852,941		Term Loan, 6.31%, Maturing December 31, 2014	1,117,091
							Chiquita Brands, LLC
749,700							Term Loan, 8.56%, Maturing June 28, 2012	734,706

					Dean Foods Co.
$		3,840,375			Term Loan, 6.86%, Maturing April 2, 2014	$ 3,734,765
					Dole Food Company, Inc.
181,395					Term Loan, 5.23%, Maturing April 12, 2013	171,710
1,343,459					Term Loan, 7.47%, Maturing April 12, 2013	1,271,728
403,038					Term Loan, 7.58%, Maturing April 12, 2013	381,518
					JRD Holdings, Inc.
702,344					Term Loan, 7.82%, Maturing June 26, 2014	678,640
					Michael Foods, Inc.
530,333					Term Loan, 7.36%, Maturing November 21, 2010	512,103
					National Dairy Holdings, L.P.
757,620					Term Loan, 7.57%, Maturing March 15, 2012	731,103
					Pinnacle Foods Finance, LLC
4,175,000					Term Loan, 8.11%, Maturing April 2, 2014	4,001,040
					Provimi Group SA
EUR				750,000	Term Loan, Maturing June 28, 2015 (4)	1,001,350
EUR				56,128	Term Loan, 6.31%, Maturing June 28, 2015 (2)	75,497
EUR				621,227	Term Loan, 6.60%, Maturing June 28, 2015 (2)	829,421
EUR				360,471	Term Loan, 6.60%, Maturing June 28, 2015 (2)	481,276
EUR				313,394	Term Loan, 6.60%, Maturing June 28, 2015	418,423
EUR				427,191	Term Loan, 6.60%, Maturing June 28, 2015	570,357
180,289					Term Loan, 7.61%, Maturing June 28, 2015	176,570
146,502					Term Loan, 7.61%, Maturing June 28, 2015	143,480
EUR				836,935	Term Loan, 8.60%, Maturing December 28, 2016 (2)	1,125,739
				338,551	Term Loan, 9.62%, Maturing December 28, 2016 (2)	334,037
					QCE Finance, LLC
1,241,231					Term Loan, 7.61%, Maturing May 5, 2013	1,190,203
1,050,000					Term Loan, 11.11%, Maturing November 5, 2013	1,018,106
					Reddy Ice Group, Inc.
2,190,000					Term Loan, 7.11%, Maturing August 9, 2012	2,157,150
						$ 27,600,149
Food Service — 2.2%
					AFC Enterprises, Inc.
$	591,045				Term Loan, 7.63%, Maturing May 23, 2009	$ 579,224
					Aramark Corp.
GBP			1,246,875		Term Loan, 8.08%, Maturing January 27, 2014	2,433,271
					Buffets, Inc.
207,083					Term Loan, 5.25%, Maturing May 1, 2013	196,211
1,560,077					Term Loan, 8.29%, Maturing November 1, 2013	1,478,173
					Burger King Corp.
1,343,255					Term Loan, 6.88%, Maturing June 30, 2012	1,321,801
					CBRL Group, Inc.
1,966,053					Term Loan, 6.86%, Maturing April 27, 2013	1,893,555
					Denny’s, Inc.
146,667					Term Loan, 7.32%, Maturing March 31, 2012	144,467
790,370					Term Loan, 7.38%, Maturing March 31, 2012	778,515

							Krispy Kreme Doughnut Corp.
$		432,550					Term Loan, 8.11%, Maturing February 16, 2014	$ 417,411
							NPC International, Inc.
420,000							Term Loan, 7.12%, Maturing May 3, 2013	406,875
							OSI Restaurant Partners, LLC
65,789							Term Loan, 5.18%, Maturing May 9, 2013	62,603
809,211							Term Loan, 7.63%, Maturing May 9, 2014	770,015
							RMK Acquisition Corp. (Aramark)
200,444							Term Loan, Maturing January 26, 2014 (4)	193,779
2,845,457							Term Loan, Maturing January 26, 2014 (4)	2,750,845
							Sagittarius Restaurants, LLC
419,688							Term Loan, 7.61%, Maturing March 29, 2013	395,555
							Selecta
EUR						741,246	Term Loan, 8.37%, Maturing December 28, 2015	1,010,503
								$ 14,832,803
Food/Drug Retailers — 3.0%
							Cumberland Farms, Inc.
$			1,736,875				Term Loan, 7.36%, Maturing September 29, 2013	$ 1,710,822
							General Nutrition Centers, Inc.
2,047,125							Term Loan, Maturing September 16, 2013 (4)	1,920,885
							Iceland Foods Group, Ltd.
GBP					2,125,000		Term Loan, 8.93%, Maturing May 2, 2014	4,191,133
GBP					2,125,000		Term Loan, 9.43%, Maturing May 2, 2015	4,212,564
							Rite Aid Corp.
4,300,000							Term Loan, 7.18%, Maturing June 1, 2014	4,208,625
							Roundy’s Supermarkets, Inc.
3,767,816							Term Loan, 8.11%, Maturing November 3, 2011	3,725,428
								$ 19,969,457
Forest Products — 2.8%
							Appleton Papers, Inc.
$				1,500,000			Term Loan, 7.11%, Maturing June 5, 2014	$ 1,436,250
							Boise Cascade Holdings, LLC
850,843							Term Loan, 0.00%, Maturing April 30, 2014 (2)	821,595
3,789,659							Term Loan, 6.99%, Maturing April 30, 2014	3,659,390
							Georgia-Pacific Corp.
9,702,250							Term Loan, 7.12%, Maturing December 20, 2012	9,316,023
							NewPage Corp.
1,991,923							Term Loan, 7.63%, Maturing May 2, 2011	1,962,044
							Xerium Technologies, Inc.
1,342,726							Term Loan, 8.11%, Maturing May 18, 2012	1,264,680
								$ 18,459,982
Healthcare — 12.8%
							Accellent, Inc.
$	2,366,718						Term Loan, 8.01%, Maturing November 22, 2012	$ 2,254,299

			Alliance Imaging, Inc.
$	476,259		Term Loan, 7.90%, Maturing December 29, 2011	$ 468,222
			American Medical Systems
1,696,800			Term Loan, 7.58%, Maturing July 20, 2012	1,679,832
			AMN Healthcare, Inc.
427,045			Term Loan, 7.11%, Maturing November 2, 2011	414,767
			AMR HoldCo, Inc.
1,299,712			Term Loan, 7.35%, Maturing February 10, 2012	1,268,844
			Biomet, Inc.
3,000,000			Term Loan, Maturing December 26, 2014 (4)	2,887,500
EUR		1,375,000	Term Loan, Maturing December 26, 2014 (4)	1,872,126
			Capio AB
EUR		227,051	Term Loan, 6.70%, Maturing April 24, 2015	301,101
EUR		272,949	Term Loan, 6.70%, Maturing April 24, 2015	361,969
EUR		227,051	Term Loan, 6.82%, Maturing April 16, 2016	302,477
EUR		272,949	Term Loan, 6.82%, Maturing April 24, 2016	363,622
			Cardinal Health 409, Inc.
2,450,000			Term Loan, 7.61%, Maturing April 10, 2014	2,258,084
			Carestream Health, Inc.
2,750,000			Term Loan, 7.37%, Maturing April 30, 2013	2,574,688
500,000			Term Loan, 10.59%, Maturing October 30, 2013	471,667
			Carl Zeiss Vision Holding GMBH
1,300,000			Term Loan, 7.84%, Maturing March 23, 2015	1,270,750
			Community Health Systems, Inc.
570,766			Term Loan, 0.00%, Maturing July 25, 2014 (2)	550,432
8,654,234			Term Loan, 7.76%, Maturing July 25, 2014	8,345,927
			Concentra, Inc
700,000			Term Loan, 10.86%, Maturing June 25, 2015	637,000
			CONMED Corp.
530,333			Term Loan, 7.01%, Maturing April 13, 2013	515,749
			CRC Health Corp.
543,032			Term Loan, 7.61%, Maturing February 6, 2013	530,135
545,875			Term Loan, 7.86%, Maturing February 6, 2013	532,910
			Dako EQT Project Delphi
500,000			Term Loan, 9.84%, Maturing December 12, 2016	485,000
			DaVita, Inc.
4,622,425			Term Loan, 6.88%, Maturing October 5, 2012	4,497,620
			Emdeon Business Services, LLC
1,852,752			Term Loan, 7.61%, Maturing November 16, 2013	1,778,642
			Encore Medical Finance, LLC
1,937,241			Term Loan, 7.84%, Maturing November 3, 2013	1,898,496
			Fenwal, Inc.
500,000			Term Loan, 10.79%, Maturing August 28, 2014	468,125
			FGX International, Inc.
588,000			Term Loan, 9.36%, Maturing December 12, 2012	564,480

			FHC Health Systems, Inc.
$	2,000,000		Term Loan, 15.11%, Maturing February 7, 2011	$ 2,020,000
			Fresenius Medical Care Holdings
2,881,183			Term Loan, 6.75%, Maturing March 31, 2013	2,797,507
			Hanger Orthopedic Group, Inc.
816,755			Term Loan, 7.61%, Maturing May 30, 2013	785,106
			HCA, Inc.
7,462,500			Term Loan, 7.61%, Maturing November 18, 2013	7,210,059
			Health Management Association, Inc.
3,368,125			Term Loan, 7.11%, Maturing February 28, 2014	3,178,143
			HealthSouth Corp.
1,958,084			Term Loan, 7.86%, Maturing March 10, 2013	1,891,019
			IASIS Healthcare, LLC
577,583			Term Loan, 5.70%, Maturing March 14, 2014 (2)	543,289
1,686,168			Term Loan, 7.36%, Maturing March 14, 2014	1,586,052
154,022			Term Loan, 7.72%, Maturing March 14, 2014	144,877
			Ikaria Acquisition, Inc.
663,298			Term Loan, 7.86%, Maturing March 28, 2013	643,399
			IM US Holdings, LLC
700,000			Term Loan, 9.59%, Maturing June 26, 2015	693,000
			Invacare Corp.
1,119,375			Term Loan, 7.59%, Maturing February 12, 2013	1,075,999
			Leiner Health Products, Inc.
2,425,000			Term Loan, 9.83%, Maturing May 27, 2011	2,318,906
			LifeCare Holdings, Inc.
957,938			Term Loan, 8.36%, Maturing August 11, 2012	898,066
			LifePoint Hospitals, Inc.
2,296,933			Term Loan, 7.17%, Maturing April 15, 2012	2,226,351
			Magellan Health Services, Inc.
2,162,162			Term Loan, 5.21%, Maturing August 15, 2008	2,129,730
1,081,081			Term Loan, 7.11%, Maturing August 15, 2008	1,064,865
			Matria Healthcare, Inc.
162,327			Term Loan, 7.42%, Maturing January 19, 2012	158,167
			MultiPlan Merger Corp.
658,542			Term Loan, 8.07%, Maturing April 12, 2013	638,374
928,294			Term Loan, 8.07%, Maturing April 12, 2013	899,865
			National Mentor Holdings, Inc.
68,600			Term Loan, 5.32%, Maturing June 29, 2013	64,484
1,144,836			Term Loan, 7.43%, Maturing June 29, 2013	1,076,146
			National Rental Institutes, Inc.
965,250			Term Loan, 7.63%, Maturing March 31, 2013	923,020
			Nyco Holdings
EUR		1,000,000	Term Loan, 6.66%, Maturing December 29, 2014	1,290,146
EUR		1,000,000	Term Loan, 7.16%, Maturing December 29, 2015	1,297,644

			Physiotherapy Associates, Inc.
$	950,000		Term Loan, 10.25%, Maturing June 27, 2013	$	931,000
			RadNet Management, Inc.
621,875			Term Loan, 8.86%, Maturing November 15, 2012	621,875
650,000			Term Loan, 12.86%, Maturing November 15, 2013	656,500
			Renal Advantage, Inc.
368,555			Term Loan, 7.86%, Maturing October 5, 2012	354,274
			Select Medical Holding Corp.
2,310,584			Term Loan, 7.49%, Maturing February 24, 2012	2,198,907
			Sunrise Medical Holdings, Inc.
697,573			Term Loan, 9.52%, Maturing May 13, 2010	638,279
			Vanguard Health Holding Co., LLC
1,340,984			Term Loan, 7.61%, Maturing September 23, 2011	1,289,021
			Viant Holdings, Inc.
600,000			Term Loan, 7.61%, Maturing June 25, 2014	564,000
				$	84,362,534
Home Furnishings — 1.3%
			Hunter Fan Co.
$	111,429		Term Loan, 0.00%, Maturing April 16, 2014 (2)	$	105,857
1,187,225			Term Loan, 8.03%, Maturing April 16, 2014	1,127,864
			Interline Brands, Inc.
1,105,141			Term Loan, 7.26%, Maturing June 23, 2013	1,071,987
764,239			Term Loan, 7.26%, Maturing June 23, 2013	741,312
			National Bedding Co., LLC
497,500			Term Loan, 7.43%, Maturing August 31, 2011	470,967
1,050,000			Term Loan, 10.57%, Maturing August 31, 2012	1,003,625
			Simmons Co.
3,208,037			Term Loan, 7.41%, Maturing December 19, 2011	3,127,836
1,000,000			Term Loan, 10.65%, Maturing February 15, 2012	926,667
				$	8,576,115
Industrial Equipment — 3.8%
			Aearo Technologies, Inc.
$	400,000		Term Loan, 10.86%, Maturing September 24, 2013	$	381,000
750,000			Term Loan, 7.61%, Maturing July 2, 2014	716,250
			Alliance Laundry Holdings, LLC
483,298			Term Loan, 7.61%, Maturing January 27, 2012	476,048
			Colfax Corp.
EUR		2,400,000	Term Loan, Maturing December 19, 2011 (4)	3,296,339
			EPD Holdings (Goodyear Engineering Production)
90,625			Term Loan, 0.00%, Maturing July 13, 2014 (2)	87,453
634,375			Term loan, 7.86%, Maturing July 13, 2014	612,172
850,000			Term Loan, 11.11%, Maturing July 13, 2015	815,292
			Flowserve Corp.
2,232,879			Term Loan, 6.88%, Maturing August 10, 2012	2,197,153

			Foamex L.P.
$	1,882,353		Term Loan, 7.66%, Maturing February 12, 2013	$	1,736,471
			FR Brand Acquisition Corp.
748,125			Term Loan, 7.64%, Maturing February 7, 2014	714,459
			Generac Acquisition Corp.
1,930,500			Term Loan, 7.86%, Maturing November 7, 2013	1,729,176
500,000			Term Loan, 11.36%, Maturing April 7, 2014	347,709
			Gleason Corp.
650,303			Term Loan, 7.38%, Maturing June 30, 2013	636,078
149,697			Term Loan, 7.38%, Maturing June 30, 2013	146,422
			Itron, Inc.
EUR		399,000	Term Loan, 6.22%, Maturing April 18, 2014	525,919
			John Maneely Co.
3,181,650			Term Loan, 8.61%, Maturing December 8, 2013	2,874,089
			KION Group GmbH
250,000			Term Loan, 7.58%, Maturing December 23, 2014	238,125
250,000			Term Loan, 7.83%, Maturing December 23, 2015	238,681
			Polypore, Inc.
3,375,000			Term Loan, 7.92%, Maturing July 3, 2014	3,214,688
			Terex Corp.
792,000			Term Loan, 7.11%, Maturing July 13, 2013	788,040
			TFS Acquisition Corp.
1,985,000			Term Loan, 8.86%, Maturing August 11, 2013	1,935,375
			TNT Logistics Holdings
1,185,526			Term Loan, 8.33%, Maturing January 4, 2014	1,173,671
139,474			Term Loan, 8.36%, Maturing January 4, 2014	138,079
				$	25,018,689
Insurance — 1.6%
			AmWINS Group, Inc.
$	500,000		Term Loan, 10.83%, Maturing June 8, 2014	$	457,500
			Applied Systems, Inc.
1,488,750			Term Loan, 7.85%, Maturing September 26, 2013	1,458,975
			CCC Information Services Group
669,657			Term Loan, 7.86%, Maturing February 10, 2013	649,568
			Conseco, Inc.
3,901,750			Term Loan, 7.51%, Maturing October 10, 2013	3,670,084
			Crawford and Company
1,390,756			Term Loan, 7.61%, Maturing October 31, 2013	1,366,418
			Hub International Holdings, Inc.
755,719			Term Loan, 7.86%, Maturing June 13, 2014	727,852
169,281			Term Loan, 8.01%, Maturing June 13, 2014 (2)	163,039
			U.S.I. Holdings Corp.
1,925,000			Term Loan, 8.11%, Maturing May 4, 2014	1,819,125
				$	10,312,561

Leisure Goods/Activities/Movies — 8.2%
		24 Hour Fitness Worldwide, Inc.
$	1,841,688	Term Loan, 7.87%, Maturing June 8, 2012	$	1,818,666
		AMC Entertainment, Inc.
2,068,500		Term Loan, 7.32%, Maturing January 26, 2013	1,986,498
		AMF Bowling Worldwide, Inc.
1,200,000		Term Loan, 11.60%, Maturing December 8, 2013	1,182,000
		Bombardier Recreational Product
2,027,848		Term Loan, 7.86%, Maturing June 28, 2013	1,976,306
		Butterfly Wendel US, Inc.
325,000		Term Loan, 8.14%, Maturing June 22, 2013	311,289
325,000		Term Loan, 7.89%, Maturing June 22, 2014	309,664
		Carmike Cinemas, Inc.
1,992,456		Term Loan, 8.61%, Maturing May 19, 2012	1,967,550
		Cedar Fair, L.P.
4,360,975		Term Loan, 7.57%, Maturing August 30, 2012	4,247,712
		Cinemark, Inc.
4,008,368		Term Loan, 7.23%, Maturing October 5, 2013	3,848,033
		Deluxe Entertainment Services
62,008		Term Loan, 5.26%, Maturing January 28, 2011	59,528
1,388,976		Term Loan, 7.61%, Maturing January 28, 2011	1,333,417
124,016		Term Loan, 7.61%, Maturing January 28, 2011	119,055
		Easton-Bell Sports, Inc.
1,363,409		Term Loan, 7.11%, Maturing March 16, 2012	1,309,725
		HEI Acquisition, LLC
2,150,000		Term Loan, 9.36%, Maturing April 13, 2014	1,956,500
		Mega Blocks, Inc.
1,788,500		Term Loan, 7.63%, Maturing July 26, 2012	1,725,903
		Metro-Goldwyn-Mayer Holdings, Inc.
8,848,547		Term Loan, 8.61%, Maturing April 8, 2012	8,394,050
		National CineMedia, LLC
850,000		Term Loan, 7.11%, Maturing February 13, 2015	805,729
		Regal Cinemas Corp.
4,466,250		Term Loan, 6.86%, Maturing November 10, 2010	4,290,950
		Revolution Studios Distribution Co., LLC
1,546,526		Term Loan, 9.32%, Maturing December 21, 2014	1,523,328
900,000		Term Loan, 12.57%, Maturing June 21, 2015	886,500
		Six Flags Theme Parks, Inc.
3,500,000		Term Loan, 7.75%, Maturing April 30, 2015	3,282,500
		Southwest Sports Group, LLC
2,000,000		Term Loan, 7.88%, Maturing December 22, 2010	1,980,000
		Universal City Development Partners, Ltd.
1,924,945		Term Loan, 7.42%, Maturing June 9, 2011	1,876,822
		WMG Acquisition Corp.
6,318,825		Term Loan, 7.48%, Maturing February 28, 2011	6,199,361

		Zuffa, LLC
$	1,000,000	Term Loan, 7.56%, Maturing June 20, 2016	$	905,000
			$	54,296,086
Lodging and Casinos — 3.8%
		Ameristar Casinos, Inc.
$	1,206,625	Term Loan, 6.93%, Maturing November 10, 2012	$	1,191,542
		Bally Technologies, Inc.
2,596,054		Term Loan, 8.64%, Maturing September 5, 2009	2,565,766
		CCM Merger, Inc.
1,564,339		Term Loan, 7.39%, Maturing April 25, 2012	1,521,320
		Isle of Capri Casinos, Inc.
1,485,294		Term Loan, Maturing November 30, 2013 (4)	1,425,882
445,588		Term Loan, Maturing November 30, 2013 (4)	427,764
594,118		Term Loan, Maturing November 30, 2013 (4)	570,353
		Las Vegas Sands Corp.
3,840,000		Term Loan, 7.11%, Maturing May 23, 2014	3,662,880
		LodgeNet Entertainment Corp.
925,000		Term Loan, 7.36%, Maturing April 4, 2014	888,000
		New World Gaming Partners, Ltd.
1,125,000		Term Loan, Maturing June 30, 2014 (4)	1,085,625
225,000		Term Loan, Maturing June 30, 2014 (4)	217,125
		Penn National Gaming, Inc.
7,147,687		Term Loan, 7.11%, Maturing October 3, 2012	7,064,295
		Venetian Casino Resort, LLC
960,000		Term Loan, 0.00%, Maturing May 14, 2014 (2)	915,720
		VML US Finance, LLC
500,000		Term Loan, 7.74%, Maturing May 25, 2012	485,804
1,000,000		Term Loan, 7.61%, Maturing May 25, 2013	971,607
		Wimar Opco, LLC
2,014,505		Term Loan, 7.61%, Maturing January 3, 2012	1,925,651
			$	24,919,334
Nonferrous Metals/Minerals — 2.2%
		Alpha Natural Resources, LLC
$	960,375	Term Loan, 7.11%, Maturing October 26, 2012	$	947,170
		Euramax International, Inc.
676,884		Term Loan, 8.38%, Maturing June 28, 2012	633,563
501,316		Term Loan, 13.36%, Maturing June 28, 2013	453,691
248,684		Term Loan, 13.36%, Maturing June 28, 2013	225,059
		Magnum Coal Co.
2,064,773		Term Loan, 8.60%, Maturing March 15, 2013	1,982,182
209,091		Term Loan, 8.76%, Maturing March 15, 2013	200,727
		Murray Energy Corp.
955,500		Term Loan, 8.54%, Maturing January 28, 2010	926,835
		Neo Material Technologies, Inc.
1,350,000		Term Loan, 9.00%, Maturing August 31, 2009	1,343,250

		Noranda Aluminum Acquisition
$	446,250	Term Loan, 7.51%, Maturing May 18, 2014	$	434,815
		Novelis, Inc.
710,938		Term Loan, 7.36%, Maturing June 28, 2014	691,387
1,564,063		Term Loan, 7.36%, Maturing June 28, 2014	1,521,051
		Oxbow Carbon and Mineral Holdings
2,155,336		Term Loan, 7.37%, Maturing May 8, 2014	1,997,279
189,262		Term Loan, 7.51%, Maturing May 8, 2014	175,383
		Stillwater Mining Co.
1,342,842		Term Loan, 7.81%, Maturing July 30, 2010	1,329,414
		Thompson Creek Metals Co.
1,387,440		Term Loan, 10.10%, Maturing October 26, 2012	1,373,566
			$	14,235,372
Oil and Gas — 2.8%
		Atlas Pipeline Partners, L.P.
$	1,700,000	Term Loan, 8.14%, Maturing July 20, 2014	$	1,670,250
		Big West Oil, LLC
453,750		Term Loan, 0.00%, Maturing May 1, 2014 (2)	431,630
371,250		Term Loan, 7.61%, Maturing May 1, 2014	353,152
		Dresser, Inc.
1,625,000		Term Loan, 8.01%, Maturing May 4, 2014	1,570,156
1,000,000		Term Loan, 11.13%, Maturing May 4, 2015	951,250
		El Paso Corp.
1,500,000		Term Loan, 5.22%, Maturing July 31, 2011	1,476,563
		Key Energy Services, Inc.
1,314,975		Term Loan, 7.93%, Maturing June 30, 2012	1,291,963
		Kinder Morgan, Inc.
4,266,667		Term Loan, 7.07%, Maturing May 21, 2014	4,069,333
		Niska Gas Storage
125,429		Term Loan, 7.11%, Maturing May 13, 2011	122,503
152,900		Term Loan, 7.28%, Maturing May 13, 2011	149,333
84,965		Term Loan, 7.33%, Maturing May 13, 2011	82,982
772,842		Term Loan, 7.11%, Maturing May 12, 2013	754,809
		Primary Natural Resources, Inc.
1,728,125		Term Loan, 9.32%, Maturing July 28, 2010 (3)	1,709,461
		Targa Resources, Inc.
1,410,000		Term Loan, 5.24%, Maturing October 31, 2012	1,370,050
2,490,638		Term Loan, 7.54%, Maturing October 31, 2012	2,420,070
			$	18,423,505
Publishing — 10.9%
		American Media Operations, Inc.
$	2,000,000	Term Loan, 8.80%, Maturing January 31, 2013	$	1,920,000
		Aster Zweite Beteiligungs GMBG
850,000		Term Loan, 7.62%, Maturing September 27, 2013	812,600

				CanWest MediaWorks, Ltd.
$	897,750			Term Loan, 7.54%, Maturing July 10, 2014	$	870,818
				CBD Media, LLC
3,003,572				Term Loan, 8.07%, Maturing December 31, 2009	2,958,518
				Dex Media East, LLC
3,371,376				Term Loan, 6.87%, Maturing May 8, 2009	3,318,699
				Dex Media West, LLC
2,812,027				Term Loan, 6.93%, Maturing March 9, 2010	2,755,283
				Gatehouse Media Operating, Inc.
750,000				Term Loan, 7.33%, Maturing August 28, 2014	688,594
650,000				Term Loan, 7.37%, Maturing August 28, 2014	595,291
1,525,000				Term Loan, 7.51%, Maturing August 28, 2014	1,396,645
				Idearc, Inc.
8,159,000				Term Loan, 7.36%, Maturing November 17, 2014	7,925,359
				MediaNews Group, Inc.
549,380				Term Loan, 6.59%, Maturing August 25, 2010	522,826
1,064,250				Term Loan, 7.09%, Maturing August 2, 2013	1,021,680
				Mediannuaire Holding
EUR			727,273	Term Loan, 6.39%, Maturing October 10, 2014	943,586
EUR			727,273	Term Loan, 6.89%, Maturing October 10, 2015	948,543
				Merrill Communications, LLC
5,399,697				Term Loan, 7.69%, Maturing February 9, 2009	5,284,953
				Nebraska Book Co., Inc.
1,433,288				Term Loan, 7.83%, Maturing March 4, 2011	1,397,455
				Nelson Education, Ltd.
500,000				Term Loan, 7.83%, Maturing July 5, 2014	468,750
				Pages Juanes Groupe S.A.
EUR			500,000	Term Loan, 5.89%, Maturing October 24, 2013	647,544
				Philadelphia Newspapers, LLC
786,832				Term Loan, 8.86%, Maturing June 29, 2013	755,359
				R.H. Donnelley Corp.
50,114				Term Loan, 6.77%, Maturing December 31, 2009	48,193
7,669,072				Term Loan, 6.90%, Maturing June 30, 2010	7,450,182
				Reader’s Digest Association
4,638,375				Term Loan, 7.35%, Maturing March 2, 2014	4,302,093
				Riverdeep Interactive Learning USA, Inc.
3,011,580				Term Loan, 8.11%, Maturing December 20, 2013	2,961,136
				SGS International, Inc.
763,375				Term Loan, 7.87%, Maturing December 30, 2011	755,741
				Source Media, Inc.
1,272,430				Term Loan, 7.61%, Maturing November 8, 2011	1,240,619
				TL Acquisitions, Inc.
2,150,000				Term Loan, 8.10%, Maturing July 5, 2014	2,040,709
				Trader Media Corp.
GBP		2,600,000		Term Loan, 8.08%, Maturing March 23, 2015	4,883,782

		Tribune Co.
$	2,053,333	Term Loan, 7.86%, Maturing May 17, 2009	$	2,010,801
4,300,000		Term Loan, 8.36%, Maturing May 17, 2014	3,920,392
		Valassis Communications, Inc.
524,834		Term Loan, 7.11%, Maturing March 2, 2014	487,220
		Xsys US, Inc.
2,004,256		Term Loan, 7.57%, Maturing September 27, 2013	1,916,069
2,031,126		Term Loan, 7.57%, Maturing September 27, 2014	1,941,757
		Yell Group, PLC
2,900,000		Term Loan, 7.57%, Maturing February 10, 2013	2,820,702
			$	72,011,899
Radio and Television — 5.8%
		Block Communications, Inc.
$	935,750	Term Loan, 7.36%, Maturing December 22, 2011	$	902,999
		BRSP, LLC
2,018,886		Term Loan, 8.38%, Maturing July 13, 2009	1,978,509
		Cequel Communications, LLC
1,800,000		Term Loan, 9.86%, Maturing May 5, 2014	1,752,750
3,707,081		Term Loan, 11.36%, Maturing May 5, 2014	3,621,819
		CMP KC, LLC
978,688		Term Loan, 9.38%, Maturing May 5, 2013	924,860
		CMP Susquehanna Corp.
1,503,000		Term Loan, 7.50%, Maturing May 5, 2013	1,433,862
		Discovery Communications, Inc.
2,700,000		Term Loan, 7.36%, Maturing April 30, 2014	2,631,374
		Emmis Operating Co.
896,325		Term Loan, 7.36%, Maturing November 2, 2013	867,194
		Entravision Communications Corp.
1,449,188		Term Loan, 6.86%, Maturing September 29, 2013	1,417,788
		Gray Television, Inc.
1,410,750		Term Loan, 6.86%, Maturing January 19, 2015	1,331,395
		HIT Entertainment, Inc.
1,298,516		Term Loan, 7.34%, Maturing March 20, 2012	1,220,605
		Intelsat Bermuda, Ltd.
1,200,000		Term Loan, 7.86%, Maturing February 1, 2014	1,169,250
		Intelsat Subsidiary Holding Co.
1,091,750		Term Loan, 7.36%, Maturing July 3, 2013	1,065,821
		NEP II, Inc.
698,249		Term Loan, 7.61%, Maturing February 16, 2014	670,319
		Nexstar Broadcasting, Inc.
2,007,455		Term Loan, 7.11%, Maturing October 1, 2012	1,922,138
1,901,517		Term Loan, 7.11%, Maturing October 1, 2012	1,820,703
		NextMedia Operating, Inc.
133,417		Term Loan, 7.33%, Maturing November 15, 2012	126,413
300,191		Term Loan, 7.57%, Maturing November 15, 2012	284,431

			PanAmSat Corp.
$	2,729,375		Term Loan, 7.36%, Maturing January 3, 2014	$	2,650,223
			Paxson Communications Corp.
2,775,000			Term Loan, 8.61%, Maturing January 15, 2012	2,705,625
			Raycom TV Broadcasting, LLC
1,125,000			Term Loan, 6.88%, Maturing June 25, 2014	1,091,250
			SFX Entertainment
1,294,529			Term Loan, 8.16%, Maturing June 21, 2013	1,255,693
			Sirius Satellite Radio, Inc.
500,000			Term Loan, 7.63%, Maturing December 19, 2012	468,750
			Spanish Broadcasting System
984,887			Term Loan, 7.11%, Maturing June 10, 2012	935,642
			Tyrol Acquisition 2 SAS
EUR		875,000	Term Loan, 6.37%, Maturing January 19, 2015	1,136,394
EUR		875,000	Term Loan, 6.62%, Maturing January 19, 2016	1,141,364
			Young Broadcasting, Inc.
798,700			Term Loan, 7.88%, Maturing November 3, 2012	747,783
987,500			Term Loan, 7.88%, Maturing November 3, 2012	924,547
				$	38,199,501
Rail Industries — 0.6%
			Kansas City Southern Railway Co.
$	2,227,500		Term Loan, 7.20%, Maturing March 30, 2008	$	2,175,989
			RailAmerica, Inc.
1,725,000			Term Loan, 7.81%, Maturing August 14, 2008	1,684,031
				$	3,860,020
Retailers (Except Food and Drug) — 4.2%
			American Achievement Corp.
$	1,404,229		Term Loan, 7.72%, Maturing March 25, 2011	$	1,369,123
			Amscan Holdings, Inc.
573,563			Term Loan, 7.63%, Maturing May 25, 2013	536,281
			Claire’s Stores, Inc.
400,000			Term Loan, 8.11%, Maturing May 24, 2014	369,083
			Coinmach Laundry Corp.
3,876,395			Term Loan, 7.97%, Maturing December 19, 2012	3,808,558
			Educate, Inc.
500,000			Term Loan, 10.59%, Maturing June 14, 2014	482,500
			FTD, Inc.
754,854			Term Loan, 7.36%, Maturing July 28, 2013	745,418
			Harbor Freight Tools USA, Inc.
2,025,921			Term Loan, 7.61%, Maturing July 15, 2010	1,948,261
			Home Interiors & Gifts, Inc.
2,598,425			Term Loan, 10.35%, Maturing March 31, 2011	1,805,906
			Josten’s Corp.
2,102,724			Term Loan, 7.33%, Maturing October 4, 2011	2,060,670

			Mapco Express, Inc.
$	600,437		Term Loan, 8.11%, Maturing April 28, 2011	$	585,426
			Neiman Marcus Group, Inc.
884,494			Term Loan, 7.11%, Maturing April 5, 2013	861,907
			Orbitz Worldwide, Inc.
1,315,000			Term Loan, 8.34%, Maturing July 25, 2014	1,282,125
			Oriental Trading Co., Inc.
1,225,000			Term Loan, 11.57%, Maturing January 31, 2013	1,151,500
1,831,500			Term Loan, 7.81%, Maturing July 31, 2013	1,717,031
			Pantry, Inc. (The)
266,667			Term Loan, 0.00%, Maturing May 15, 2014 (2)	252,000
933,333			Term Loan, 7.32%, Maturing May 15, 2014	882,000
			Rent-A-Center, Inc.
1,188,877			Term Loan, 7.16%, Maturing November 15, 2012	1,149,249
			Rover Acquisition Corp.
2,437,750			Term Loan, 7.61%, Maturing October 26, 2013	2,364,618
			Savers, Inc.
385,412			Term Loan, 8.09%, Maturing August 11, 2012	377,704
438,947			Term Loan, 8.09%, Maturing August 11, 2012	430,168
			The Yankee Candle Company, Inc.
1,371,563			Term Loan, 7.36%, Maturing February 6, 2014	1,321,843
			Vivarte
EUR		750,000	Term Loan, Maturing May 29, 2015 (4)	943,382
EUR		750,000	Term Loan, Maturing May 29, 2016 (4)	947,033
				$	27,391,786
Steel — 0.2%
			Algoma Acquisition Corp.
$	525,000		Term Loan, 7.86%, Maturing June 20, 2013	$	502,688
			Niagara Corp.
1,150,000			Term Loan, 10.36%, Maturing June 29, 2014	1,152,875
				$	1,655,563
Surface Transport — 1.3%
			Gainey Corp.
$	841,500		Term Loan, 8.10%, Maturing April 20, 2012	$	740,520
			Laidlaw International, Inc.
334,969			Term Loan, 7.34%, Maturing July 31, 2013	337,481
1,004,906			Term Loan, 7.34%, Maturing July 31, 2013	1,012,443
			Oshkosh Truck Corp.
2,139,250			Term Loan, 7.11%, Maturing December 6, 2013	2,065,046
			Ozburn-Hessey Holding Co., LLC
492,834			Term Loan, 8.57%, Maturing August 9, 2012	473,121
			SIRVA Worldwide, Inc.
1,625,945			Term Loan, 12.61%, Maturing December 1, 2010	1,272,302

			Swift Transportation Co., Inc.
$	3,115,116		Term Loan, 8.38%, Maturing May 10, 2014	$	2,774,400
				$	8,675,313
Telecommunications — 6.3%
			Alaska Communications Systems Holdings, Inc.
$	1,105,000		Term Loan, 7.11%, Maturing February 1, 2012	$	1,071,850
			American Cellular Corp.
2,194,500			Term Loan, 7.36%, Maturing March 15, 2014	2,177,493
			Centennial Cellular Operating Co., LLC
4,594,820			Term Loan, 7.37%, Maturing February 9, 2011	4,486,842
			Consolidated Communications, Inc.
4,496,651			Term Loan, 7.11%, Maturing July 27, 2015	4,395,477
			FairPoint Communications, Inc.
3,235,000			Term Loan, 7.13%, Maturing February 8, 2012	3,150,081
			Iowa Telecommunications Services
688,000			Term Loan, 7.11%, Maturing November 23, 2011	669,080
			IPC Systems, Inc.
1,200,000			Term Loan, 7.61%, Maturing May 31, 2014	1,078,000
500,000			Term Loan, 10.61%, Maturing May 31, 2015	437,084
			Macquarie UK Broadcast Ventures, Ltd.
GBP		850,000	Term Loan, 8.63%, Maturing December 26, 2014	1,710,206
			NTelos, Inc.
1,308,150			Term Loan, 7.82%, Maturing August 24, 2011	1,277,627
			Stratos Global Corp.
1,163,250			Term Loan, 8.11%, Maturing February 13, 2012	1,141,439
			Trilogy International Partners
950,000			Term Loan, 8.86%, Maturing June 29, 2012	921,500
			Triton PCS, Inc.
3,145,677			Term Loan, 8.82%, Maturing November 18, 2009	3,128,637
			Univision Communications, Inc.
825,000			Term Loan, 8.01%, Maturing March 29, 2009	810,975
508,893			Term Loan, 0.00%, Maturing September 29, 2014 (2)	472,210
7,916,107			Term Loan, 7.61%, Maturing September 29, 2014	7,345,491
			West Corp.
3,687,889			Term Loan, 7.82%, Maturing October 24, 2013	3,581,863
			Windstream Corp.
3,437,292			Term Loan, 6.86%, Maturing July 17, 2013	3,354,797
				$	41,210,652
Utilities — 3.5%
			AEI Finance Holding, LLC
$	301,657		Revolving Loan, 5.26%, Maturing March 30, 2012	$	292,608
2,298,343			Term Loan, 8.36%, Maturing March 30, 2014	2,229,392
			Astoria Generating Co.
1,000,000			Term Loan, 9.11%, Maturing August 23, 2013	983,542

			Calpine Corp.
$	922,688		DIP Loan, 7.61%, Maturing March 30, 2009	$	895,666
			Cogentrix Delaware Holdings, Inc.
579,728			Term Loan, 6.86%, Maturing April 14, 2012	567,167
			Covanta Energy Corp.
626,804			Term Loan, 5.26%, Maturing February 9, 2014	602,515
1,270,013			Term Loan, 6.88%, Maturing February 9, 2014	1,220,800
			Electricinvest Holding Co.
EUR		476,616	Term Loan, 8.23%, Maturing October 24, 2012	634,315
GBP		480,000	Term Loan, 8.23%, Maturing October 24, 2012	949,304
			LS Power Acquisition Company
675,000			Term Loan, 9.11%, Maturing November 1, 2014	644,625
			Mach General, LLC
75,000			Term Loan, 7.36%, Maturing February 22, 2013	71,844
721,375			Term Loan, 7.50%, Maturing February 22, 2014	691,017
			Mirant North America
977,030			Term Loan, 7.32%, Maturing January 3, 2013	955,047
			NRG Energy, Inc.
2,875,000			Term Loan, 0.00%, Maturing June 1, 2014 (2)	2,792,344
2,328,227			Term Loan, 7.11%, Maturing June 1, 2014	2,247,570
5,607,718			Term Loan, 7.11%, Maturing June 1, 2014	5,413,450
			Pike Electric, Inc.
1,404,977			Term Loan, 6.88%, Maturing July 1, 2012	1,361,072
381,414			Term Loan, 7.13%, Maturing December 10, 2012	369,494
				$	22,921,772
Total Senior, Floating Rate Interests (identified cost $1,014,853,747)				$	978,449,511

Corporate Bonds & Notes — 12.1%

Principal
Amount
(000’s omitted)		Security	Value
Aerospace and Defense — 0.1%
		Alion Science and Technologies Corp.
$	305	10.25%, 2/1/15	$	292,800
		Bombardier, Inc.
145		8.00%, 11/15/14 (5)	150,437
		DRS Technologies, Inc., Sr. Sub. Notes
90		7.625%, 2/1/18	88,650
			$	531,887
Automotive — 0.2%
		Altra Industrial Motion, Inc.
$	250	9.00%, 12/1/11	$	252,500
125		9.00%, 12/1/11 (5)	126,250

			American Axle & Manufacturing, Inc.
$	150		7.875%, 3/1/17	$	141,000
			Commercial Vehicle Group, Inc., Sr. Notes
110			8.00%, 7/1/13	103,125
			General Motors Corp.
445			6.375%, 5/1/08	436,656
			Goodyear Tire & Rubber Co., Sr. Notes, Variable Rate
200			9.135%, 12/1/09 (5)	201,000
			Tenneco Automotive, Inc., Sr. Sub. Notes
280			8.625%, 11/15/14	278,600
				$	1,539,131
Brokers/Dealers/Investment Houses — 0.1%
			Residential Capital LLC, Sub. Notes, Variable Rate
$	805		9.19%, 4/17/09 (5)	$	484,006
				$	484,006
Building and Development — 0.7%
			Grohe Holding of GmbH
EUR		2,000	7.084%, 1/15/14	$	2,607,949
			Nortek, Inc., Sr. Sub. Notes
950			8.50%, 9/1/14	826,500
			NTK Holdings, Inc., Sr. Disc. Notes
405			10.75%, 3/1/14	255,150
			Panolam Industries International, Sr. Sub. Notes
440			10.75%, 10/1/13 (5)	420,200
			Realogy Corp., Sr. Notes
480			10.50%, 4/15/14 (5)	405,600
			Stanley-Martin Co.
90			9.75%, 8/15/15	67,500
				$	4,582,899
Business Equipment and Services — 0.8%
			Affinion Group, Inc.
$	110		10.125%, 10/15/13	$	110,550
150			11.50%, 10/15/15	150,750
			Education Management, LLC
310			8.75%, 6/1/14	316,200
665			10.25%, 6/1/16	689,937
			Hertz Corp.
590			8.875%, 1/1/14	613,600
			KAR Holdings, Inc., Sr. Notes,
145			9.356%, 5/1/14 (5)	129,775
			MediMedia USA, Inc., Sr. Sub Notes
180			11.375%, 11/15/14 (5)	184,500
			Neff Corp., Sr. Notes
40			10.00%, 6/1/15 (5)	35,400

		Nielsen Finance, LLC, Sr. Notes
$	190	10.00%, 8/1/14 (5)	$	195,700
		Norcross Safety Products, LLC/Norcross Capital Corp., Sr. Sub. Notes, Series B
1,040		9.875%, 8/15/11	1,073,800
		Rental Service Corp.
40		9.50%, 12/1/14 (5)	39,350
		Sabre Holdings Corp.
135		8.35%, 3/15/16	118,125
		Safety Products Holdings, Inc. Sr. Notes (PIK)
354		11.75%, 1/1/12 (3)	374,616
		SunGard Data Systems, Inc., Variable Rate
520		9.125%, 8/15/13	539,500
		Travelport, LLC
530		9.875%, 9/1/14	536,625
			$	5,108,428
Cable and Satellite Television — 0.6%
		Cablevision Systems Corp., Series B
$	150	8.00%, 4/15/12	$	144,375
		Cablevision Systems Corp., Sr. Notes, Series B, Variable Rate
135		9.82%, 4/1/09	139,050
		CCH I Holdings, LLC
350		11.75%, 5/15/14	313,250
		CCH I, LLC/CCH I Capital Co.
335		11.00%, 10/1/15	329,975
		CCH II, LLC/CCH II Capital Co.
295		10.25%, 9/15/10	297,212
		CCO Holdings, LLC / CCO Capital Corp., Sr. Notes
1,785		8.75%, 11/15/13	1,758,225
		CSC Holdings, Inc.
80		6.75%, 4/15/12	76,000
		CSC Holdings, Inc., Sr. Notes, Series B
105		7.625%, 4/1/11	103,950
		Insight Communications, Sr. Disc. Notes
280		12.25%, 2/15/11	289,450
		Kabel Deutschland GmbH
220		10.625%, 7/1/14	233,750
		Mediacom Broadband Group
230		8.50%, 10/15/15	228,850
			$	3,914,087
Chemicals and Plastics — 0.2%
		Equistar Chemical, Sr. Notes
$	41	10.625%, 5/1/11	$	43,460
		Ineos Group Holdings PLC, Sr. Sub. Note
385		8.50%, 2/15/16 (5)	356,125

		Nova Chemicals Corp., Sr. Notes, Variable Rate
$	215	8.484%, 11/15/13	$	209,625
		Reichhold Industries, Inc., Sr. Notes
445		9.00%, 8/15/14 (5)	449,450
			$	1,058,660
Clothing/Textiles — 0.4%
		Levi Strauss & Co., Sr. Notes
$	155	9.75%, 1/15/15	$	161,200
535		8.875%, 4/1/16	540,350
		Oxford Industries, Inc., Sr. Notes
1,290		8.875%, 6/1/11	1,299,675
		Perry Ellis International, Inc., Sr. Sub. Notes
275		8.875%, 9/15/13	266,750
		Phillips Van-Heusen, Sr. Notes
20		7.25%, 2/15/11	20,225
			$	2,288,200
Conglomerates — 0.1%
		Goodman Global Holdings, Inc., Sr. Notes, Variable Rate
$	234	8.36%, 6/15/12	$	229,905
		RBS Global & Rexnord Corp.
195		9.50%, 8/1/14	197,925
175		11.75%, 8/1/16	182,000
			$	609,830
Containers and Glass Products — 0.2%
		Berry Plastics Holding Corp.
$	450	8.875%, 9/15/14	$	451,125
		Berry Plastics Holding Corp., Variable Rate
125		9.235%, 9/15/14	124,375
		Intertape Polymer US, Inc., Sr. Sub. Notes
865		8.50%, 8/1/14	791,475
		Pliant Corp. (PIK)
241		11.85%, 6/15/09 (3)	252,112
			$	1,619,087
Cosmetics/Toiletries — 0.0%
		Revlon Consumer Products Corp., Sr. Sub. Notes
$	160	8.625%, 2/1/08	$	157,200
			$	157,200
Ecological Services and Equipment — 0.1%
		Waste Services, Inc., Sr. Sub. Notes
$	570	9.50%, 4/15/14	$	578,550
			$	578,550

Electronic/Electric — 0.2%
		Advanced Micro Devices, Inc., Sr. Notes
$	195	7.75%, 11/1/12	$	171,112
		Amkor Technologies, Inc., Sr. Notes
145		7.75%, 5/15/13	135,031
		Avago Technologies Finance
100		11.875%, 12/1/15	109,000
		Avago Technologies Finance, Variable Rate
195		10.125%, 12/1/13	204,750
		NXP BV/NXP Funding, LLC
15		7.875%, 10/15/14	13,594
		NXP BV/NXP Funding, LLC, Variable Rate
875		8.11%, 10/15/13	796,250
			$	1,429,737
Financial Intermediaries — 1.3%
		Alzette, Variable Rate
$	750	11.86%, 12/15/20 (3)	$	731,647
		Avalon Capital Ltd. 3, Series 1A, Class D, Variable Rate
760		7.31%, 2/24/19 (3)(5)	674,987
		Babson Ltd., 2005-1A, Class C1, Variable Rate
1,000		7.31%, 4/15/19 (3)(5)	872,517
		Bryant Park CDO Ltd., Series 2005-1A, Class C, Variable Rate
1,000		7.41%, 1/15/19 (3)(5)	883,927
		Centurion CDO 8 Ltd., Series 2005-8A, Class D, Variable Rate
1,000		10.85%, 3/8/17 (3)	905,175
		Centurion CDO 9 Ltd., Series 2005-9A, Class Note
750		9.35%, 7/17/19 (3)	637,810
		Comstock Funding, Ltd., Series 2006-1A, Class D
750		9.61%, 5/30/20 (3)(5)	572,587
		First CLO, Ltd., Sr. Sub. Notes, Variable Rate
1,000		7.68%, 7/27/16 (3)(5)	910,350
		Ford Motor Credit Co.
55		5.80%, 1/12/09	51,841
795		7.375%, 10/28/09	752,643
375		7.875%, 6/15/10	352,260
		Ford Motor Credit Co., Sr. Notes
20		9.875%, 8/10/11	19,759
		General Motors Acceptance Corp.
110		5.85%, 1/14/09	104,527
180		7.75%, 1/19/10	171,415
360		7.25%, 3/2/11	330,979
45		7.00%, 2/1/12	40,478
		General Motors Acceptance Corp., Variable Rate
125		6.808%, 5/15/09	114,679

		Sonata Securities S.A., Series 2006-6
$	661	8.864%, 12/28/07	$	661,446
			$	8,789,027
Food Products — 0.1%
		ASG Consolidated, LLC / ASG Finance, Inc., Sr. Disc. Notes, (0.00% until 2008)
$	550	11.50%, 11/1/11	$	508,750
		Dole Food Company, Inc.
235		7.25%, 6/15/10	218,550
		Dole Foods Company, Inc., Sr. Notes
45		8.625%, 5/1/09	44,100
		Pierre Foods, Inc., Sr. Sub. Notes
10		9.875%, 7/15/12	9,750
			$	781,150
Food Service — 0.2%
		Aramark Corp., Sr. Notes
$	200	8.50%, 2/1/15	$	200,250
		Aramark Services Inc., Sr. Notes, Variable Rate
380		8.856%, 2/1/15	378,100
		El Pollo Loco, Inc.
410		11.75%, 11/15/13	420,250
		NPC International, Inc.
380		9.50%, 5/1/14	353,400
			$	1,352,000
Food/Drug Retailers — 0.4%
		General Nutrition Centers, Inc., Sr. Notes, Variable Rate (PIK)
$	385	9.796%, 3/15/14 (5)	$	367,675
		General Nutrition Centers, Inc., Sr. Sub. Notes
385		10.75%, 3/15/15 (5)	365,750
		Rite Aid Corp.
760		6.125%, 12/15/08 (5)	750,500
320		7.50%, 1/15/15	300,800
90		8.625%, 3/1/15	79,425
700		9.50%, 6/15/17 (5)	638,750
			$	2,502,900
Forest Products — 0.1%
		Abitibi-Consolidated, Inc.
$	105	7.875%, 8/1/09	$	96,075
		Jefferson Smurfit Corp.
85		7.50%, 6/1/13	81,175
		NewPage Corp.
500		10.00%, 5/1/12	520,000

		NewPage Corp., Variable Rate
$	155	11.606%, 5/1/12	$	165,075
			$	862,325
Healthcare — 0.9%
		Accellent, Inc.
$	235	10.50%, 12/1/13	$	218,550
		Advanced Medical Optics, Inc., Sr. Sub. Notes
80		7.50%, 5/1/17	73,400
		AMR HoldCo, Inc./EmCare HoldCo, Inc., Sr. Sub. Notes
355		10.00%, 2/15/15	378,075
		HCA, Inc.
860		8.75%, 9/1/10	857,850
170		7.875%, 2/1/11	164,903
150		9.125%, 11/15/14 (5)	154,125
395		9.25%, 11/15/16 (5)	406,850
		MultiPlan, Inc., Sr. Sub. Notes
540		10.375%, 4/15/16 (5)	531,900
		National Mentor Holdings, Inc.
255		11.25%, 7/1/14	269,025
		Res-Care, Inc., Sr. Notes
220		7.75%, 10/15/13	214,500
		Service Corp. International, Sr. Notes
260		7.00%, 6/15/17	247,000
		Universal Hospital Service, Inc. (PIK)
40		8.50%, 6/1/15 (5)	38,200
		Universal Hospital Service, Inc., Variable Rate
40		8.759%, 6/1/15 (5)	38,800
		US Oncology, Inc.
440		9.00%, 8/15/12	442,200
1,940		10.75%, 8/15/14	1,959,400
		Varietal Distribution Merger, Inc., Sr. Notes (PIK)
45		10.25%, 7/15/15 (5)	42,075
			$	6,036,853
Home Furnishings — 0.0%
		Interline Brands, Inc., Sr. Sub. Notes
$	150	8.125%, 6/15/14	$	147,750
			$	147,750
Industrial Equipment — 0.1%
		Chart Industries, Inc., Sr. Sub. Notes
$	215	9.125%, 10/15/15	$	221,450
		ESCO Corp., Sr. Notes
160		8.625%, 12/15/13 (5)	157,600

		ESCO Corp., Sr. Notes, Variable Rate
$	160	9.235%, 12/15/13 (5)	$	157,600
			$	536,650
Leisure Goods/Activities/Movies — 0.4%
		AMC Entertainment, Inc.
$	110	11.00%, 2/1/16	$	114,950
		HRP Myrtle Beach Operations, LLC/HRP Myrtle Beach Capital Corp.
220		12.50%, 4/1/13 (5)	216,700
		HRP Myrtle Beach Operations, LLC/HRP Myrtle Beach Capital Corp., Variable Rate
405		10.07%, 4/1/12 (5)	386,775
		Marquee Holdings, Inc., Sr. Disc. Notes, (0.00% until 2009)
610		12.00%, 8/15/14	515,450
		Universal City Development Partners, Sr. Notes
360		11.75%, 4/1/10	379,800
		Universal City Florida Holdings, Sr. Notes, Variable Rate
750		10.106%, 5/1/10	761,250
			$	2,374,925
Lodging and Casinos — 1.0%
		Buffalo Thunder Development Authority
$	410	9.375%, 12/15/14 (5)	$	387,450
		CCM Merger, Inc.
260		8.00%, 8/1/13 (5)	249,600
		Chukchansi EDA, Sr. Notes, Variable Rate
310		8.859%, 11/15/12 (5)	312,325
		Fontainebleau Las Vegas Holdings, LLC/ Fontainebleau Las Vegas Capital Corp.
525		10.25%, 6/15/15 (5)	452,812
		Galaxy Entertainment Finance
200		9.875%, 12/15/12 (5)	204,000
		Galaxy Entertainment Finance, Variable Rate
195		10.409%, 12/15/10 (5)	197,925
		Greektown Holdings, LLC, Sr. Notes
225		10.75%, 12/1/13 (5)	226,125
		Inn of the Mountain Gods, Sr. Notes
700		12.00%, 11/15/10	742,000
		Las Vegas Sands Corp.
40		6.375%, 2/15/15	38,200
		Majestic HoldCo, LLC, (0.00% until 2008)
150		12.50%, 10/15/11 (5)	107,625
		Majestic Star Casino, LLC
380		9.50%, 10/15/10	374,300
		MGM Mirage, Inc.
180		7.50%, 6/1/16	178,650

		Mohegan Tribal Gaming Authority, Sr. Sub. Notes
$	110	8.00%, 4/1/12	$	112,062
		OED Corp./Diamond Jo, LLC
125		8.75%, 4/15/12	124,375
		Pinnacle Entertainment Inc., Sr. Sub. Notes
155		7.50%, 6/15/15 (5)	143,375
		Pokagon Gaming Authority, Sr. Notes
120		10.375%, 6/15/14 (5)	129,000
		San Pasqual Casino
125		8.00%, 9/15/13 (5)	125,781
		Seminole Hard Rock Entertainment, Variable Rate
195		7.86%, 3/15/14 (5)	190,125
		Station Casinos, Inc.
60		7.75%, 8/15/16	57,750
		Station Casinos, Inc., Sr. Notes
105		6.00%, 4/1/12	97,912
		Trump Entertainment Resorts, Inc.
1,515		8.50%, 6/1/15	1,242,300
		Tunica-Biloxi Gaming Authority, Sr. Notes
345		9.00%, 11/15/15 (5)	346,725
		Turning Stone Resort Casinos, Sr. Notes
85		9.125%, 9/15/14 (5)	86,275
		Waterford Gaming, LLC, Sr. Notes
388		8.625%, 9/15/12 (5)	397,700
			$	6,524,392
Nonferrous Metals/Minerals — 0.3%
		Aleris International, Inc. (PIK)
$	250	9.00%, 12/15/14	$	239,375
		Aleris International, Inc., Sr. Sub. Notes
710		10.00%, 12/15/16	665,625
		Alpha Natural Resources, Sr. Notes
90		10.00%, 6/1/12	93,487
		FMG Finance PTY, Ltd., Variable Rate
220		9.36%, 9/1/11 (5)	228,800
560		10.625%, 9/1/16 (5)	644,000
		Novelis, Inc.
150		7.25%, 2/15/15	146,250
			$	2,017,537
Oil and Gas — 0.9%
		Allis-Chalmers Energy, Inc.
$	100	8.50%, 3/1/17	$	96,250
		Allis-Chalmers Energy, Inc., Sr. Notes
480		9.00%, 1/15/14	480,000
		Cimarex Energy Co., Sr. Notes
135		7.125%, 5/1/17	132,300

		Clayton Williams Energy, Inc.
$	185	7.75%, 8/1/13	$	172,050
		Compton Pet Finance Corp.
410		7.625%, 12/1/13	391,550
		Copano Energy, LLC, Sr. Notes
75		8.125%, 3/1/16	75,750
		Denbury Resources, Inc., Sr. Sub. Notes
55		7.50%, 12/15/15	55,000
		El Paso Corp., Sr. Notes
245		9.625%, 5/15/12	269,928
		Encore Acquisition Co., Sr. Sub. Notes
175		7.25%, 12/1/17	162,750
		Ocean Rig Norway AS, Sr. Notes
255		8.375%, 7/1/13 (5)	250,537
		OPTI Canada, Inc.
110		7.875%, 12/15/14 (5)	110,825
200		8.25%, 12/15/14 (5)	203,500
		Parker Drilling Co., Sr. Notes
110		9.625%, 10/1/13	117,563
		Petrohawk Energy Corp.
890		9.125%, 7/15/13	932,275
		Petroplus Finance, Ltd.
170		7.00%, 5/1/17 (5)	157,250
		Plains Exploration & Production Co.
280		7.00%, 3/15/17	256,200
		Quicksilver Resources, Inc.
235		7.125%, 4/1/16	225,600
		SemGroup L.P., Sr. Notes
605		8.75%, 11/15/15 (5)	585,338
		SESI, LLC
65		6.875%, 6/1/14	62,400
		Stewart and Stevenson LLC, Sr. Notes
350		10.00%, 7/15/14	355,250
		United Refining Co., Sr. Notes
730		10.50%, 8/15/12	742,775
210		10.50%, 8/15/12 (5)	213,675
		Verasun Energy Corp.
115		9.875%, 12/15/12	118,163
			$	6,166,929
Publishing — 0.2%
		CBD Media, Inc., Sr. Sub. Notes
$	135	8.625%, 6/1/11	$	135,169
		Deluxe Corp., Sr. Notes
65		7.375%, 6/1/15	64,350

		Dex Media West, LLC
$	105	9.875%, 8/15/13	$	111,300
		Harland Clarke Holdings
115		9.50%, 5/15/15	103,500
		Idearc, Inc., Sr. Notes
245		8.00%, 11/15/16	243,163
		MediaNews Group, Inc., Sr. Sub. Notes
110		6.875%, 10/1/13	88,000
		Reader’s Digest Association, Sr. Sub. Notes
665		9.00%, 2/15/17 (5)	575,225
			$	1,320,707
Radio and Television — 0.2%
		CanWest Media, Inc.
$	290	8.00%, 9/15/12	$	283,838
		Rainbow National Services, LLC, Sr. Notes
115		8.75%, 9/1/12 (5)	118,306
		Rainbow National Services, LLC, Sr. Sub. Debs.
955		10.375%, 9/1/14 (5)	1,044,531
			$	1,446,675
Rail Industries — 0.1%
		American Railcar Industries, Inc.
$	195	7.50%, 3/1/14	$	190,125
		Kansas City Southern Mexico, Sr. Notes
275		7.625%, 12/1/13 (5)	270,188
65		7.375%, 6/1/14 (5)	63,213
		Kansas City Southern Railway Co.
105		9.50%, 10/1/08	107,231
			$	630,757
Retailers (Except Food and Drug) — 0.8%
		Amscan Holdings, Inc., Sr. Sub. Notes
$	355	8.75%, 5/1/14	$	326,600
		Bon-Ton Department Stores, Inc.
470		10.25%, 3/15/14	430,050
		GameStop Corp.
1,440		8.00%, 10/1/12	1,490,400
		Michaels Stores, Inc., Sr. Notes
430		10.00%, 11/1/14 (5)	433,225
		Michaels Stores, Inc., Sr. Sub. Notes
310		11.375%, 11/1/16 (5)	303,025
		Neiman Marcus Group, Inc.
345		9.00%, 10/15/15	365,700
1,140		10.375%, 10/15/15	1,231,200
		Sally Holdings LLC
95		9.25%, 11/15/14	94,050

		Toys “R” Us
$	235	7.375%, 10/15/18	$	184,475
		Yankee Acquisition Corp., Series B
275		8.50%, 2/15/15	259,875
			$	5,118,600
Steel — 0.1%
		RathGibson, Inc.
$	495	11.25%, 2/15/14	$	498,094
			$	498,094
Surface Transport — 0.0%
		Ceva Group PLC
$	205	10.00%, 9/1/14 (5)	$	204,744
			$	204,744
Telecommunications — 1.0%
		Centennial Cellular Operating Co. / Centennial Communication Corp., Sr. Notes
$	265	10.125%, 6/15/13	$	278,913
		Digicel Group, Ltd., Sr. Notes
370		8.875%, 1/15/15 (5)	339,031
384		9.125%, 1/15/15 (5)	351,865
		Digicel, Ltd., Sr. Notes
285		9.25%, 9/1/12 (5)	291,413
		Intelsat Bermuda, Ltd.
365		9.25%, 6/15/16	377,775
		iPCS, Inc., Variable Rate
135		7.481%, 5/1/13 (5)	130,950
		Level 3 Financing, Inc. Sr. Notes
250		9.25%, 11/1/14	241,875
355		8.75%, 2/15/17	335,475
		Qwest Capital Funding, Inc.
113		7.00%, 8/3/09	113,000
55		7.90%, 8/15/10	55,550
		Qwest Communications International, Inc.
70		7.50%, 11/1/08	68,950
1,450		7.50%, 2/15/14	1,431,875
		Qwest Corp., Sr. Notes
505		7.625%, 6/15/15	522,675
		Qwest Corp., Sr. Notes, Variable Rate
1,090		8.61%, 6/15/13	1,155,400
		West Corp.
760		9.50%, 10/15/14	767,600
		Windstream Corp., Sr. Notes
215		8.125%, 8/1/13	223,063
65		8.625%, 8/1/16	68,250
			$	6,753,660

Utilities — 0.3%
		Dynegy Holdings, Inc.
$	220	8.375%, 5/1/16	$	217,250
30		7.75%, 6/1/19 (5)	27,900
430		7.625%, 10/15/26	376,250
		Edison Mission Energy
105		7.50%, 6/15/13	106,313
		Edison Mission Energy, Sr. Notes
200		7.00%, 5/15/17 (5)	190,000
		InterGen NV
180		9.00%, 6/30/17 (5)	183,600
		NRG Energy, Inc.
150		7.25%, 2/1/14	148,875
390		7.375%, 1/15/17	384,150
		NRG Energy, Inc., Sr. Notes
140		7.375%, 2/1/16	138,600
		Reliant Energy, Inc., Sr. Notes
20		7.625%, 6/15/14	19,700
200		7.875%, 6/15/17	196,500
			$	1,989,138
Total Corporate Bonds & Notes (identified cost $82,172,645)			$	79,956,515

Convertible Bonds — 0.1%

Principal
Amount		Security	Value
$	345,000	L-3 Communications Corp. (5)	$	394,594
Total Convertible Bonds (identified cost, $348,788)			$	394,594

Common Stocks — 0.0%

Shares	Security	Value
34,611	Trump Entertainment Resorts, Inc. (6)	$	231,201
Total Common Stocks (identified cost, $427,071)		$	231,201

Convertible Preferred Stocks — 0.0%

Shares	Security	Value
Oil and Gas — 0.0%
1,123	Chesapeake Energy Corp., 4.50%	$	107,191
Telecommunications — 0.0%
1,029	Crown Castle International Corp., (PIK)			57,881
Total Convertible Preferred Stocks (identified cost, $158,111)		$	165,072

Closed-End Investment Companies — 2.4%

Shares	Security	Value
161,420	BlackRock Floating Rate Income Strategies Fund II, Inc.	$	2,674,729
64,541	BlackRock Floating Rate Income Strategies Fund, Inc.	1,077,835
20,864	BlackRock Global Floating Rate Income Trust	361,156
2,933	First Trust/Four Corners Senior Floating Rate Income Fund	49,040
345,089	First Trust/Four Corners Senior Floating Rate Income Fund II	5,721,576
521,233	ING Prime Rate Trust	3,440,138
165,333	LMP Corporate Loan Fund, Inc.	2,073,276
8,253	Nuveen Floating Rate Income Fund	102,337
8,502	Nuveen Floating Rate Income Opportunity Fund	106,360
3,445	Nuveen Senior Income Fund	26,354
136	PIMCO Floating Rate Income Fund	2,422
1,620	PIMCO Floating Rate Strategy Fund	27,524
293	Pioneer Floating Rate Trust	5,215
3,136	Van Kampen Senior Income Trust	24,962
Total Closed-End Investment Companies (identified cost, $16,980,843)		$	15,692,924

Short-Term Investments — 3.3%

	Interest
Description	(000’s omitted)		Value
Investment in Cash Management Portfolio, 5.00% (7)	$	21,466	$	21,466,378
Total Short-Term Investments (identified cost, $21,466,378)			$	21,466,378
Total Investments — 166.5% (identified cost, $1,136,407,583)			$	1,096,356,195
Less Unfunded Loan Commitments — (1.3%)			$	(8,785,518	)
Net Investments — 165.2% (identified cost $1,127,622,065)			$	1,087,570,677

Other Assets, Less Liabilities — 1.0%	$	6,404,035
Auction Preferred Shares Plus Cumulative Unpaid Dividends — (66.1)%	$	(435,473,523	)
Net Assets Applicable to Common Shares — 100.0%	$	658,501,189

EUR	—	Euro
GBP	—	British Pound
PIK	—	Payment-In-Kind.
REIT	—	Real Estate Investment Trust
(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 whereby all or a portion of which may be unfunded. The Fund is obligated to fund these commitments at the borrower’s discretion.
(3)		Security valued at fair value using methods determined in good faith by or at the direction of the Trustees.
(4)		This Senior Loan will settle after August 31, 2007, at which time the interest rate will be determined.
(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 August 31, 2007, the aggregate value of the securities is $22,218,039 or 3.4% of the Funds’ net assets.
(6)		Non-income producing security.
(7)		Affiliated investment company available to Eaton Vance portfolios and funds which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of August 31, 2007. Net income allocated from this investment for the three months ended August 31, 2007 was $403,570.

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

Forward Foreign Currency Exchange Contracts

Sales

Settlement			Net Unrealized
Date(s)	Deliver	In exchange for	Appreciation
9/28/07	Euro 43,173,093	United States Dollar 59,078,492		$	159,910
9/28/07	British Pound Sterling 16,869,917	United States Dollar 34,014,815		$	2,328
				$	162,238

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 instruments.

Counterparty	Reference Entity	Buy/Sell		Notional Amount (000’s omitted)			Pay/Receive Annual Fixed Rate			Termination Date		Net Unrealized Appreciated (Depreciation)
Lehman Brothers, Inc.	Basket of Senior Loans		Buy		$	700		2.30	%		3/20/09		$	(8,070	)
Lehman Brothers, Inc.	Inergy, L.P.		Buy		2,000			2.20			3/20/10		57,722
													$	49,652

At August 31, 2007, the Fund had sufficient cash and/or securities to cover potential obligations arising from these contracts.

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

Aggregate cost	$	1,127,781,007
Gross unrealized appreciation	$	1,770,500
Gross unrealized depreciation	(41,980,830		)
Net unrealized depreciation	$	(40,210,330	)

The unrealized appreciation on foreign currency, swap contracts and forward contracts at August 31, 2007 on a federal income tax basis was $154,129.

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
Date:		October 23, 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/ Payson F. Swaffield
		Payson F. Swaffield
		President
Date:		October 23, 2007
By:		/s/ Barbara E. Campbell
		Barbara E. Campbell
		Treasurer
Date:		October 23, 2007