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)

Maureen A. Gemma Eaton Vance Management, 255 State Street, Boston, Massachusetts 02109
(Name and Address of Agent for Service)

Registrant’s Telephone Number, Including Area Code:		(617) 482-8260

Date of Fiscal Year End:		May 31

Date of Reporting Period:		February 29, 2008

Item 1. Schedule of Investments

Eaton Vance Floating-Rate Income Trust		as of February 29, 2008

PORTFOLIO OF INVESTMENTS (Unaudited)

Senior Floating-Rate Interests — 156.4% (1)

Principal Amount*		Borrower/Tranche Description	Value
Aerospace and Defense — 2.8%
		ACTS Aero Technical Support & Service, Inc.
792,821		Term Loan, 7.31%, Maturing October 5, 2014	$	673,898
		CACI International, Inc.
2,130,155		Term Loan, 5.78%, Maturing May 3, 2011	2,055,599
		Colt Defense, LLC
995,000		Term Loan, 6.37%, Maturing July 9, 2014	920,375
		DAE Aviation Holdings, Inc.
457,634		Term Loan, 6.99%, Maturing July 31, 2014	439,043
556,669		Term Loan, 8.15%, Maturing July 31, 2014	534,054
		Evergreen International Aviation
1,479,988		Term Loan, 6.67%, Maturing October 31, 2011	1,405,989
		Hawker Beechcraft Acquisition
305,070		Term Loan, 6.83%, Maturing March 26, 2014	283,239
3,578,334		Term Loan, 6.83%, Maturing March 26, 2014	3,322,261
		Hexcel Corp.
371,124		Term Loan, 5.86%, Maturing March 1, 2012	359,990
		IAP Worldwide Services, Inc.
1,053,500		Term Loan, 11.13%, Maturing December 30, 2012	887,047
		Spirit AeroSystems, Inc.
1,285,536		Term Loan, 5.68%, Maturing December 31, 2011	1,221,259
		TransDigm, Inc.
1,800,000		Term Loan, 6.86%, Maturing June 23, 2013	1,679,999
		Vought Aircraft Industries, Inc.
1,282,729		Term Loan, 7.34%, Maturing December 17, 2011	1,183,853
		Wesco Aircraft Hardware Corp.
1,264,250		Term Loan, 7.08%, Maturing September 29, 2013	1,186,815
			$	16,153,421
Air Transport — 0.5%
		Delta Air Lines, Inc.
	1,343,250	Term Loan, 8.08%, Maturing April 30, 2014	$	1,141,762
		Northwest Airlines, Inc.
2,326,500		DIP Loan, 5.13%, Maturing August 21, 2008	1,992,066
			$	3,133,828
Automotive — 5.5%
		Accuride Corp.
	1,797,212	Term Loan, 6.63%, Maturing January 31, 2012	$	1,659,052
		Adesa, Inc.
4,577,000		Term Loan, 7.08%, Maturing October 18, 2013	4,112,434
		Affina Group, Inc.
1,210,323		Term Loan, 6.24%, Maturing November 30, 2011	1,095,342
		Allison Transmission, Inc.
4,339,125		Term Loan, 6.62%, Maturing September 30, 2014	3,839,522
		AxleTech International Holding, Inc.
1,950,000		Term Loan, 11.23%, Maturing April 21, 2013	1,803,750
		Chrysler Financial
1,500,000		Term Loan, Maturing August 1, 2014 (2)	1,310,625
		CSA Acquisition Corp.
261,156		Term Loan, 7.38%, Maturing December 23, 2011	233,299
652,685		Term Loan, 7.38%, Maturing December 23, 2011	583,065
490,000		Term Loan, 7.38%, Maturing December 23, 2012	438,550
		Dayco Products, LLC
1,942,901		Term Loan, 9.27%, Maturing June 21, 2011	1,576,178
		Delphi Corp.
1,000,000		DIP Loan, 7.19%, Maturing July 1, 2008	986,667

					Ford Motor Co.
	1,955,250				Term Loan, 8.00%, Maturing December 15, 2013	$	1,679,886
					General Motors Corp.
3,596,206					Term Loan, 7.06%, Maturing November 29, 2013	3,169,657
					Goodyear Tire & Rubber Co.
2,675,000					Term Loan, 6.43%, Maturing April 30, 2010	2,444,281
					HLI Operating Co., Inc.
EUR			87,273		Term Loan, 6.94%, Maturing May 30, 2014	119,240
EUR			1,505,164		Term Loan, 7.42%, Maturing May 30, 2014	2,050,778
					Keystone Automotive Operations, Inc.
1,487,487					Term Loan, 6.87%, Maturing January 12, 2012	1,197,427
					LKQ Corp.
1,150,000					Term Loan, 5.38%, Maturing October 12, 2014	1,106,875
					TriMas Corp.
262,500					Term Loan, 5.39%, Maturing August 2, 2011	225,750
1,123,281					Term Loan, 5.49%, Maturing August 2, 2013	966,022
					United Components, Inc.
1,242,391					Term Loan, 5.18%, Maturing June 30, 2010	1,118,152
						$	31,716,552
Beverage and Tobacco — 0.7%
					Constellation Brands, Inc.
		1,200,000			Term Loan, 6.60%, Maturing June 5, 2013	$	1,149,643
					Culligan International Co.
EUR				1,075,000	Term Loan, 9.29%, Maturing May 31, 2013	979,174
					Southern Wine & Spirits of America, Inc.
816,923					Term Loan, 6.34%, Maturing May 31, 2012	804,669
					Van Houtte, Inc.
877,800					Term Loan, 7.33%, Maturing July 11, 2014	816,354
119,700					Term Loan, 7.33%, Maturing July 11, 2014	111,321
						$	3,861,161
Brokers, Dealers and Investment Houses — 0.2%
					AmeriTrade Holding Corp.
		1,094,591			Term Loan, 4.62%, Maturing December 31, 2012	$	1,028,156
						$	1,028,156
Building and Development — 6.6%
					Beacon Sales Acquisition, Inc.
		1,259,062			Term Loan, 6.52%, Maturing September 30, 2013	$	1,076,498
					Brickman Group Holdings, Inc.
1,786,500					Term Loan, 7.14%, Maturing January 23, 2014	1,634,647
					Building Materials Corp. of America
1,559,309					Term Loan, 6.69%, Maturing February 22, 2014	1,254,687
					Capital Automotive REIT
1,372,138					Term Loan, 5.02%, Maturing December 16, 2010	1,281,328
					Epco/Fantome, LLC
1,564,000					Term Loan, 5.75%, Maturing November 23, 2010	1,353,095
					Forestar USA Real Estate Group, Inc.
1,700,000					Term Loan, 7.14%, Maturing December 1, 2010	1,632,000
1,700,000					Term Loan, 7.15%, Maturing December 1, 2010 (3)	1,598,000
					Hovstone Holdings, LLC
1,154,294					Term Loan, 7.66%, Maturing February 28, 2009 (4)	1,008,622
					LNR Property Corp.
1,250,000					Term Loan, 5.86%, Maturing July 3, 2011	1,032,812
					Metroflag BP, LLC
500,000					Term Loan, 12.12%, Maturing July 1, 2008	412,500
					Mueller Water Products, Inc.
1,432,488					Term Loan, 5.13%, Maturing May 24, 2014	1,310,726
					NCI Building Systems, Inc.
373,123					Term Loan, 5.15%, Maturing June 18, 2010	352,601
					Nortek, Inc.
4,921,500					Term Loan, 5.35%, Maturing August 27, 2011	4,269,401
					November 2005 Land Investors
306,506					Term Loan, 7.12%, Maturing May 9, 2011	229,879

				Panolam Industries Holdings, Inc.
	1,039,225			Term Loan, 7.59%, Maturing September 30, 2012	$	883,342
				PLY GEM Industries, Inc.
2,033,094				Term Loan, 7.58%, Maturing August 15, 2011	1,737,278
63,593				Term Loan, 7.58%, Maturing August 15, 2011	54,340
				Re/Max International, Inc.
800,000				Term Loan, 6.63%, Maturing December 17, 2012	680,000
500,000				Term Loan, 10.63%, Maturing December 17, 2012	425,000
				Realogy Corp.
976,156				Term Loan, 6.14%, Maturing September 1, 2014	822,717
3,625,719				Term Loan, 7.51%, Maturing September 1, 2014	3,055,803
				South Edge, LLC
843,750				Term Loan, 5.13%, Maturing October 31, 2009	658,125
				Stile Acquisition Corp.
1,289,688				Term Loan, 5.65%, Maturing April 6, 2013	1,110,099
				Stile U.S. Acquisition Corp.
1,291,891				Term Loan, 5.65%, Maturing April 6, 2013	1,111,995
				Tousa/Kolter, LLC
1,444,467				Term Loan, 7.00%, Maturing March 31, 2031 (4)	1,229,674
				TRU 2005 RE Holding Co.
4,575,000				Term Loan, 6.26%, Maturing December 9, 2008	4,191,844
				United Subcontractors, Inc.
925,000				Term Loan, 12.21%, Maturing June 27, 2013 (4)	462,500
				Wintergames Acquisition ULC
2,948,349				Term Loan, 6.38%, Maturing April 24, 2008	2,863,584
					$	37,733,097
Business Equipment and Services — 11.4%
				ACCO Brands Corp.
		1,063,950		Term Loan, 5.75%, Maturing August 17, 2012	$	1,002,773
				Activant Solutions, Inc.
791,263				Term Loan, 6.77%, Maturing May 1, 2013	680,486
997,494				Term Loan, 8.00%, Maturing May 1, 2013	857,845
				Acxiom Corp.
1,436,875				Term Loan, 5.84%, Maturing September 15, 2012	1,307,556
				Affiliated Computer Services
906,500				Term Loan, 5.12%, Maturing March 20, 2013	857,398
2,364,000				Term Loan, 5.14%, Maturing March 20, 2013	2,235,949
				Affinion Group, Inc.
2,619,470				Term Loan, 5.57%, Maturing October 17, 2012	2,414,279
				Allied Security Holdings, LLC
1,384,091				Term Loan, 7.83%, Maturing June 30, 2010	1,290,665
				Buhrmann US, Inc.
957,664				Term Loan, 6.12%, Maturing December 31, 2010	924,146
				DynCorp International, LLC
1,195,794				Term Loan, 6.88%, Maturing February 11, 2011	1,106,109
				Education Management, LLC
2,879,039				Term Loan, 6.63%, Maturing June 1, 2013	2,505,665
				Info USA, Inc.
661,568				Term Loan, 6.83%, Maturing February 14, 2012	609,965
				Intergraph Corp.
1,000,000				Term Loan, 9.09%, Maturing November 29, 2014	930,000
				iPayment, Inc.
1,760,149				Term Loan, 6.01%, Maturing May 10, 2013	1,434,521
				ista International GmbH
EUR			1,188,822	Term Loan, 6.77%, Maturing May 14, 2015	1,498,845
EUR			236,178	Term Loan, 6.77%, Maturing May 14, 2015	297,769
				Kronos, Inc.
1,234,821				Term Loan, 7.08%, Maturing June 11, 2014	1,004,836
				Language Line, Inc.
3,845,280				Term Loan, 6.52%, Maturing June 11, 2011	3,528,045
				Mitchell International, Inc.
1,000,000				Term Loan, 6.84%, Maturing March 28, 2014	885,000
1,000,000				Term Loan, 10.13%, Maturing March 28, 2015	840,000
				N.E.W. Holdings I, LLC
2,586,654				Term Loan, 6.56%, Maturing May 22, 2014	2,108,123

					Protection One, Inc.
	2,234,887				Term Loan, 5.36%, Maturing March 31, 2012	$	1,933,177
					Quantum Corp.
427,500					Term Loan, 8.33%, Maturing July 12, 2014	389,025
					Quintiles Transnational Corp.
1,875,000					Term Loan, 8.83%, Maturing March 31, 2014	1,659,375
					Sabre, Inc.
6,377,363					Term Loan, 5.24%, Maturing September 30, 2014	5,318,574
					Serena Software, Inc.
1,003,768					Term Loan, 7.18%, Maturing March 10, 2013	913,429
					Sitel (Client Logic)
2,092,940					Term Loan, 5.90%, Maturing January 29, 2014	1,684,817
					Solera Holdings, LLC
EUR				895,500	Term Loan, 7.00%, Maturing May 15, 2014	1,243,905
					SunGard Data Systems, Inc.
14,237,190					Term Loan, 5.13%, Maturing February 11, 2013	13,189,418
					TDS Investor Corp.
EUR			1,054,228		Term Loan, 7.02%, Maturing August 23, 2013	1,384,366
1,500,739					Term Loan, 7.08%, Maturing August 23, 2013	1,325,106
301,124					Term Loan, 7.08%, Maturing August 23, 2013	265,883
					Transaction Network Services, Inc.
693,234					Term Loan, 7.48%, Maturing May 4, 2012	634,309
					Valassis Communications, Inc.
357,640					Term Loan, 0.00%, Maturing March 2, 2014 (3)	328,805
1,558,611					Term Loan, 6.58%, Maturing March 2, 2014	1,432,948
					VWR International, Inc.
1,825,000					Term Loan, 7.33%, Maturing June 28, 2013	1,574,062
					WAM Acquisition, S.A.
EUR			276,689		Term Loan, 6.96%, Maturing May 4, 2014	359,048
EUR			173,311		Term Loan, 6.96%, Maturing May 4, 2014	224,953
EUR			276,689		Term Loan, 7.21%, Maturing May 4, 2015	361,323
EUR			173,311		Term Loan, 7.21%, Maturing May 4, 2015	226,323
					West Corp.
3,678,531					Term Loan, 5.74%, Maturing October 24, 2013	3,147,903
						$	65,916,724
Cable and Satellite Television — 10.3%
					Atlantic Broadband Finance, LLC
		3,940,233			Term Loan, 7.08%, Maturing February 10, 2011	$	3,485,463
					Bragg Communications, Inc.
2,109,388					Term Loan, 5.59%, Maturing August 31, 2014	2,061,926
					Bresnan Broadband Holdings, LLC
550,000					Term Loan, 5.93%, Maturing March 29, 2014	495,589
1,325,000					Term Loan, 8.23%, Maturing March 29, 2014	1,219,000
					Cequel Communications, LLC
500,000					Term Loan, 6.51%, Maturing November 5, 2013	422,670
					Charter Communications Operating, Inc.
13,297,231					Term Loan, 5.26%, Maturing April 28, 2013	11,725,312
					CSC Holdings, Inc.
5,405,046					Term Loan, 6.90%, Maturing March 29, 2013	5,011,602
					CW Media Holdings, Inc.
698,250					Term Loan, 8.08%, Maturing February 15, 2015	652,864
					Insight Midwest Holdings, LLC
3,999,375					Term Loan, 6.73%, Maturing April 6, 2014	3,603,813
					Kabel BW GmbH and Co.
EUR				500,000	Term Loan, 7.38%, Maturing June 9, 2013	653,325
EUR				500,000	Term Loan, 7.88%, Maturing June 9, 2014	657,120
					MCC Iowa, LLC
1,387,500					Term Loan, 4.64%, Maturing March 31, 2010	1,214,063
					Mediacom Broadband Group
2,918,248					Term Loan, 4.90%, Maturing January 31, 2015	2,527,932
					Mediacom Illinois, LLC
4,057,144					Term Loan, 4.90%, Maturing January 31, 2015	3,529,715

						NTL Investment Holdings, Ltd.
	1,000,000					Term Loan, Maturing March 30, 2012 (2)	$	870,000
2,782,878						Term Loan, 6.06%, Maturing March 30, 2012	2,418,739
GBP			580,056			Term Loan, 7.68%, Maturing March 30, 2012	1,007,165
GBP			294,944			Term Loan, 7.68%, Maturing March 30, 2012	512,118
						Orion Cable GmbH
EUR				1,175,000		Term Loan, 7.44%, Maturing October 31, 2014	1,632,147
EUR				1,175,000		Term Loan, 7.64%, Maturing October 31, 2015	1,639,792
						ProSiebenSat.1 Media AG
EUR				608,000		Term Loan, 6.74%, Maturing March 2, 2015	652,697
EUR				11,076		Term Loan, 6.25%, Maturing June 26, 2015	13,883
EUR				272,924		Term Loan, 6.25%, Maturing June 26, 2015	342,101
EUR				608,000		Term Loan, 6.96%, Maturing March 2, 2016	657,312
EUR				625,000		Term Loan, 8.10%, Maturing September 2, 2016	640,448
EUR				5,744		Term Loan, Maturing March 2, 2017 (2)	8,505
EUR				425,644		Term Loan, 7.89%, Maturing March 2, 2017	404,076
						UPC Broadband Holding B.V.
EUR				4,500,000		Term Loan, 6.19%, Maturing October 16, 2011	5,910,625
1,000,000						Term Loan, Maturing December 31, 2014 (2)	860,000
2,175,000						Term Loan, 5.01%, Maturing December 31, 2014	1,938,962
						YPSO Holding SA
EUR				541,621		Term Loan, 6.68%, Maturing July 28, 2014	679,885
EUR				209,021		Term Loan, 6.68%, Maturing July 28, 2014	262,380
EUR				249,358		Term Loan, 6.68%, Maturing July 28, 2014	313,014
EUR				1,000,000		Term Loan, 6.93%, Maturing July 28, 2015	1,268,562
							$	59,292,805
Chemicals and Plastics — 9.8%
						AZ Chem US, Inc.
		500,000				Term Loan, 8.59%, Maturing February 28, 2014	$	300,000
						Brenntag Holding GmbH and Co. KG
432,000						Term Loan, 5.79%, Maturing December 23, 2013	376,110
1,768,000						Term Loan, 5.79%, Maturing December 23, 2013	1,539,265
1,100,000						Term Loan, 7.79%, Maturing December 23, 2015	940,500
						Celanese Holdings, LLC
4,664,750						Term Loan, 6.48%, Maturing April 2, 2014	4,373,852
						Cognis GmbH
EUR				823,361		Term Loan, 6.95%, Maturing September 15, 2013	1,041,471
EUR				201,639		Term Loan, 6.95%, Maturing September 15, 2013	255,054
						First Chemical Holding
EUR				1,000,000		Term Loan, 7.08%, Maturing December 18, 2015 (3)	1,332,133
						Foamex L.P.
1,623,529						Term Loan, 6.36%, Maturing February 12, 2013	1,358,353
						Georgia Gulf Corp.
888,378						Term Loan, 5.68%, Maturing October 3, 2013	795,987
						Hercules, Inc.
1,962,406						Term Loan, 4.59%, Maturing October 8, 2010	1,920,705
						Hexion Specialty Chemicals, Inc.
497,500						Term Loan, 7.13%, Maturing May 5, 2012	458,253
4,879,589						Term Loan, 7.00%, Maturing May 5, 2013	4,494,643
1,059,986						Term Loan, 7.13%, Maturing May 5, 2013	976,364
						INEOS Group
1,764,000						Term Loan, 7.36%, Maturing December 14, 2013	1,568,637
1,764,000						Term Loan, 7.86%, Maturing December 14, 2014	1,568,637
						Innophos, Inc.
1,851,568						Term Loan, 7.08%, Maturing August 10, 2010	1,777,505
						Invista B.V.
4,095,000						Term Loan, 6.33%, Maturing April 30, 2010	3,726,450
						ISP Chemco, Inc.
2,985,000						Term Loan, 5.29%, Maturing June 4, 2014	2,699,559
						Kleopatra
900,000						Term Loan, 7.04%, Maturing January 3, 2016	668,250
EUR					625,000	Term Loan, 7.12%, Maturing January 3, 2016	681,959
						Kranton Polymers, LLC
2,506,246						Term Loan, 6.75%, Maturing May 12, 2013	2,199,231

					Lucite International Group Holdings
	656,416				Term Loan, 5.50%, Maturing July 7, 2013	$	566,159
232,420					Term Loan, 5.50%, Maturing July 7, 2013	200,462
					MacDermid, Inc.
624,032					Term Loan, 6.83%, Maturing April 12, 2014	524,187
EUR				832,042	Term Loan, 7.02%, Maturing April 12, 2014	1,010,499
					Millenium Inorganic Chemicals
400,000					Term Loan, 7.08%, Maturing April 30, 2014	329,000
1,075,000					Term Loan, 10.48%, Maturing October 31, 2014	795,500
					Momentive Performance Material
1,831,500					Term Loan, 5.38%, Maturing December 4, 2013	1,625,456
					Nalco Co.
5,264,707					Term Loan, 5.34%, Maturing November 4, 2010	5,100,917
					Propex , Inc.
1,000,000					Term Loan, 10.00%, Maturing January 23, 2009 (3)	995,000
					Propex Fabrics, Inc.
858,944					Term Loan, 10.00%, Maturing July 31, 2012	611,998
					Rockwood Specialties Group, Inc.
6,280,750					Term Loan, 4.74%, Maturing December 10, 2012	5,916,988
					Schoeller Arca Systems Holding
EUR				221,709	Term Loan, 7.43%, Maturing November 16, 2015	297,499
EUR				206,030	Term Loan, 7.43%, Maturing November 16, 2015	276,461
EUR				72,261	Term Loan, 7.43%, Maturing November 16, 2015	96,964
					Solo Cup Co.
2,759,728					Term Loan, 7.50%, Maturing February 27, 2011	2,537,965
					Wellman, Inc.
750,000					Term Loan, 7.24%, Maturing February 10, 2009	546,000
						$	56,483,973
Clothing/Textiles — 0.7%
					Hanesbrands, Inc.
		1,394,643			Term Loan, 5.00%, Maturing September 5, 2013	$	1,334,499
950,000					Term Loan, 6.99%, Maturing March 5, 2014	914,375
					St. John Knits International, Inc.
628,453					Term Loan, 7.84%, Maturing March 23, 2012	546,754
					The William Carter Co.
1,067,847					Term Loan, 4.71%, Maturing July 14, 2012	994,878
						$	3,790,506
Conglomerates — 3.8%
					Amsted Industries, Inc.
		1,901,254			Term Loan, 6.38%, Maturing October 15, 2010	$	1,753,906
					Blount, Inc.
281,092					Term Loan, 5.01%, Maturing August 9, 2010	262,118
					Doncasters (Dunde HoldCo 4 Ltd.)
477,212					Term Loan, 5.63%, Maturing July 13, 2015	402,647
477,212					Term Loan, 6.13%, Maturing July 13, 2015	403,840
GBP			550,000		Term Loan, 10.06%, Maturing January 13, 2016	897,129
					GenTek, Inc.
			563,427		Term Loan, 6.34%, Maturing February 25, 2011	520,466
					ISS Holdings A/S
EUR			162,719		Term Loan, 6.95%, Maturing December 31, 2013	217,188
EUR			1,162,281		Term Loan, 6.95%, Maturing December 31, 2013	1,551,345
					Jarden Corp.
2,404,665					Term Loan, 6.58%, Maturing January 24, 2012	2,213,629
948,986					Term Loan, 6.58%, Maturing January 24, 2012	873,595
1,000,000					Term Loan, 7.33%, Maturing January 24, 2012	956,750
					Johnson Diversey, Inc.
1,856,921					Term Loan, 5.11%, Maturing December 16, 2011	1,743,959
					Polymer Group, Inc.
2,659,726					Term Loan, 7.09%, Maturing November 22, 2012	2,274,065
					RBS Global, Inc.
2,425,000					Term Loan, 6.40%, Maturing July 19, 2013	2,200,687
345,625					Term Loan, 7.40%, Maturing July 19, 2013	317,111
					RGIS Holdings, LLC
149,309					Term Loan, 5.62%, Maturing April 30, 2014	119,634
2,986,187					Term Loan, 5.68%, Maturing April 30, 2014	2,392,683

				US Investigations Services, Inc.
	2,144,612			Term Loan, 7.91%, Maturing February 21, 2015	$	1,817,558
				Vertrue, Inc.
947,625				Term Loan, 7.83%, Maturing August 16, 2014	862,339
					$	21,780,649
Containers and Glass Products — 4.9%
				Berry Plastics Corp.
			3,076,750	Term Loan, 5.10%, Maturing April 3, 2015	$	2,669,850
				Bluegrass Container Co.
419,670				Term Loan, 6.47%, Maturing June 30, 2013	397,462
1,402,580				Term Loan, 6.61%, Maturing June 30, 2013	1,328,360
321,212				Term Loan, 8.14%, Maturing December 30, 2013	298,245
1,003,788				Term Loan, 8.14%, Maturing December 30, 2013	932,017
				Consolidated Container Co.
1,000,000				Term Loan, 8.61%, Maturing September 28, 2014	556,667
				Crown Americas, Inc.
686,000				Term Loan, 4.82%, Maturing November 15, 2012	644,840
				Graham Packaging Holdings Co.
4,689,563				Term Loan, 7.25%, Maturing October 7, 2011	4,275,709
				Graphic Packaging International, Inc.
6,127,014				Term Loan, 6.03%, Maturing May 16, 2014	5,518,565
				IPG (US), Inc.
1,930,500				Term Loan, 8.98%, Maturing July 28, 2011	1,794,979
				JSG Acquisitions
2,055,000				Term Loan, 6.50%, Maturing December 31, 2013	1,790,419
2,055,000				Term Loan, 6.75%, Maturing December 13, 2014	1,795,556
				Kranson Industries, Inc.
939,452				Term Loan, 7.09%, Maturing July 31, 2013	845,507
				Owens-Brockway Glass Container
1,723,500				Term Loan, 4.63%, Maturing June 14, 2013	1,620,090
				Smurfit-Stone Container Corp.
696,147				Term Loan, 5.31%, Maturing November 1, 2011	661,050
717,807				Term Loan, 6.60%, Maturing November 1, 2011	681,109
804,789				Term Loan, 6.64%, Maturing November 1, 2011	763,644
1,578,956				Term Loan, 6.70%, Maturing November 1, 2011	1,499,349
					$	28,073,418
Cosmetics/Toiletries — 0.8%
				American Safety Razor Co.
			497,475	Term Loan, 5.95%, Maturing July 31, 2013	$	457,677
1,050,000				Term Loan, 9.38%, Maturing July 31, 2014	924,000
				Bausch & Lomb, Inc.
130,000				Term Loan, 6.51%, Maturing April 30, 2015 (3)	125,834
520,000				Term Loan, 8.08%, Maturing April 30, 2015	503,337
				KIK Custom Products, Inc.
1,075,000				Term Loan, 9.84%, Maturing November 30, 2014	387,000
				Prestige Brands, Inc.
2,118,510				Term Loan, 6.98%, Maturing April 7, 2011	1,978,159
					$	4,376,007
Drugs — 1.2%
				Graceway Pharmaceuticals, LLC
		990,833		Term Loan, 7.58%, Maturing May 3, 2012	$	870,695
1,000,000				Term Loan, 11.33%, Maturing May 3, 2013	815,000
275,000				Term Loan, 13.08%, Maturing November 3, 2013	231,000
				Pharmaceutical Holdings Corp.
529,875				Term Loan, 6.38%, Maturing January 30, 2012	468,357
				Stiefel Laboratories, Inc.
750,843				Term Loan, 6.69%, Maturing December 28, 2013	696,407
981,657				Term Loan, 6.69%, Maturing December 28, 2013	910,487
				Warner Chilcott Corp.
2,407,596				Term Loan, 6.18%, Maturing January 18, 2012	2,236,055
828,113				Term Loan, 6.56%, Maturing January 18, 2012	769,110
					$	6,997,111

Ecological Services and Equipment — 1.9%
				Allied Waste Industries, Inc.
	2,448,352			Term Loan, 6.10%, Maturing January 15, 2012	$	2,306,424
1,472,133				Term Loan, 6.10%, Maturing January 15, 2012	1,386,795
				Blue Waste B.V. (AVR Acquisition)
EUR			1,000,000	Term Loan, 7.02%, Maturing April 1, 2015	1,348,578
				Cory Environmental Holdings
GBP			500,000	Term Loan, 10.05%, Maturing September 30, 2014	883,603
				IESI Corp.
1,400,000				Term Loan, 6.61%, Maturing January 20, 2012	1,288,000
				Kemble Water Structure Ltd.
GBP		1,500,000		Term Loan, 10.05%, Maturing October 13, 2013	2,580,987
				Sensus Metering Systems, Inc.
763,088				Term Loan, 5.76%, Maturing December 17, 2010	686,779
49,579				Term Loan, 6.88%, Maturing December 17, 2010	44,621
				Waste Services, Inc.
750,000				Term Loan, 7.40%, Maturing March 31, 2011	705,000
					$	11,230,787
Electronics/Electrical — 5.2%
				AMI Semiconductor, Inc.
	1,990,128			Term Loan, 6.83%, Maturing April 1, 2012	$	1,980,178
				Aspect Software, Inc.
1,989,116				Term Loan, 7.94%, Maturing July 11, 2011	1,810,096
2,000,000				Term Loan, 11.50%, Maturing July 11, 2013	1,750,000
				EnerSys Capital, Inc.
1,930,500				Term Loan, 5.24%, Maturing March 17, 2011	1,800,191
				FCI International S.A.S.
242,011				Term Loan, 6.85%, Maturing November 1, 2013	224,465
232,989				Term Loan, 6.85%, Maturing November 1, 2013	216,097
232,989				Term Loan, 6.85%, Maturing November 1, 2013	210,079
242,011				Term Loan, 6.85%, Maturing November 1, 2013	218,213
				Freescale Semiconductor, Inc.
4,727,250				Term Loan, 5.01%, Maturing December 1, 2013	4,032,935
				Infor Enterprise Solutions Holdings
3,230,871				Term Loan, 8.58%, Maturing July 28, 2012	2,923,938
1,685,672				Term Loan, 8.58%, Maturing July 28, 2012	1,525,533
500,000				Term Loan, 10.33%, Maturing March 2, 2014	393,750
183,333				Term Loan, 11.08%, Maturing March 2, 2014	144,375
316,667				Term Loan, 11.08%, Maturing March 2, 2014	249,375
				Network Solutions, LLC
804,479				Term Loan, 6.95%, Maturing March 7, 2014	647,606
				Open Solutions, Inc.
2,956,819				Term Loan, 5.85%, Maturing January 23, 2014	2,535,472
				Sensata Technologies Finance Co.
2,851,825				Term Loan, 5.06%, Maturing April 27, 2013	2,440,346
				Spectrum Brands, Inc.
1,781,167				Term Loan, 7.81%, Maturing March 30, 2013	1,603,496
64,767				Term Loan, 8.63%, Maturing March 30, 2013	58,306
				SS&C Technologies, Inc.
797,376				Term Loan, 6.83%, Maturing November 23, 2012	725,612
				TTM Technologies, Inc.
300,000				Term Loan, 5.53%, Maturing October 27, 2012	283,500
				VeriFone, Inc.
799,000				Term Loan, 5.25%, Maturing October 31, 2013	743,070
				Vertafore, Inc.
2,979,422				Term Loan, 5.59%, Maturing January 31, 2012	2,770,862
950,000				Term Loan, 9.09%, Maturing January 31, 2013	843,125
					$	30,130,620
Equipment Leasing — 1.2%
				AWAS Capital, Inc.
	2,195,511			Term Loan, 10.94%, Maturing March 22, 2013	$	1,964,982
				Maxim Crane Works, L.P.
970,125				Term Loan, 5.14%, Maturing June 29, 2014	853,710

			The Hertz Corp.
	2,464,093		Term Loan, 4.75%, Maturing December 21, 2012	$	2,294,379
444,444			Term Loan, 6.66%, Maturing December 21, 2012	413,833
			United Rentals, Inc.
1,383,836			Term Loan, 5.10%, Maturing February 14, 2011	1,319,257
307,105			Term Loan, 6.75%, Maturing February 14, 2011	292,774
				$	7,138,935
Farming/Agriculture — 0.3%
			Central Garden & Pet Co.
	2,284,313		Term Loan, 4.83%, Maturing February 28, 2014	$	1,983,544
				$	1,983,544
Financial Intermediaries — 2.1%
			Citco III, Ltd.
	1,850,000		Term Loan, 6.97%, Maturing June 30, 2014	$	1,690,437
			Grosvenor Capital Management
1,549,621			Term Loan, 6.05%, Maturing December 5, 2013	1,441,148
			INVESTools, Inc.
500,000			Term Loan, 8.09%, Maturing August 13, 2012	455,000
			Jupiter Asset Management Group
GBP		462,299	Term Loan, 7.84%, Maturing June 30, 2015	787,701
			LPL Holdings, Inc.
4,454,939			Term Loan, 6.83%, Maturing December 18, 2014	3,976,033
			Nuveen Investments, Inc.
1,750,000			Term Loan, 7.23%, Maturing November 2, 2014	1,626,954
			Oxford Acquisition III, Ltd.
929,820			Term Loan, 5.64%, Maturing May 24, 2014	799,645
			RJO Holdings Corp. (RJ O’Brien)
523,688			Term Loan, 6.13%, Maturing July 31, 2014	403,239
			Travelex America Holdings, Inc.
375,000			Term Loan, 5.60%, Maturing October 31, 2013	357,187
375,000			Term Loan, 6.10%, Maturing October 31, 2014	359,062
				$	11,896,406
Food Products — 4.2%
			Acosta, Inc.
	3,301,602		Term Loan, 5.37%, Maturing July 28, 2013	$	2,883,398
			Advantage Sales & Marketing, Inc.
1,913,114			Term Loan, 5.56%, Maturing March 29, 2013	1,664,409
473,693			Term Loan, 5.56%, Maturing March 29, 2013	412,113
			Black Lion Beverages III B.V.
EUR		147,059	Term Loan, 6.71%, Maturing December 31, 2013	195,693
EUR		852,941	Term Loan, 6.71%, Maturing December 31, 2014	1,135,018
			Chiquita Brands, LLC
269,336			Term Loan, 6.13%, Maturing June 28, 2012	266,137
			Dean Foods Co.
4,821,125			Term Loan, 6.58%, Maturing April 2, 2014	4,423,758
			Dole Food Company, Inc.
1,336,657			Term Loan, 6.10%, Maturing April 12, 2013	1,138,330
400,997			Term Loan, 6.13%, Maturing April 12, 2013	341,499
181,395			Term Loan, 6.38%, Maturing April 12, 2013	154,481
			Michael Foods, Inc.
474,778			Term Loan, 6.85%, Maturing November 21, 2010	459,347
			Pinnacle Foods Finance, LLC
5,154,125			Term Loan, 7.48%, Maturing April 2, 2014	4,556,571
			Provimi Group SA
270,433			Term Loan, 5.38%, Maturing June 28, 2015	237,981
219,753			Term Loan, 5.38%, Maturing June 28, 2015	193,382
EUR		56,128	Term Loan, 6.41%, Maturing June 28, 2015 (3)	70,865
EUR		489,842	Term Loan, 6.43%, Maturing June 28, 2015	654,393
EUR		284,233	Term Loan, 6.43%, Maturing June 28, 2015	379,715
EUR		470,091	Term Loan, 6.43%, Maturing June 28, 2015	628,008
EUR		640,786	Term Loan, 6.43%, Maturing June 28, 2015	856,045
338,551			Term Loan, 7.38%, Maturing December 28, 2016 (3)	281,562
EUR		836,935	Term Loan, 8.43%, Maturing December 28, 2016 (3)	1,056,675

				Reddy Ice Group, Inc.
	2,190,000			Term Loan, 6.13%, Maturing August 9, 2012	$	1,971,000
					$	23,960,380
Food Service — 2.9%
				AFC Enterprises, Inc.
	588,029			Term Loan, 7.13%, Maturing May 23, 2009	$	535,107
				Aramark Corp.
178,173				Term Loan, 5.20%, Maturing January 26, 2014	165,407
2,800,971				Term Loan, 6.71%, Maturing January 26, 2014	2,600,287
GBP		1,237,500		Term Loan, 8.17%, Maturing January 27, 2014	2,264,704
				Buffets, Inc.
1,178,571				DIP Loan, 11.25%, Maturing January 22, 2009 (3)	1,172,679
207,083				Term Loan, 7.83%, Maturing May 1, 2013	120,937
1,550,233				Term Loan, 11.39%, Maturing November 1, 2013	905,336
				CBRL Group, Inc.
1,955,054				Term Loan, 4.62%, Maturing April 27, 2013	1,810,054
				Denny’s, Inc.
135,667				Term Loan, 6.63%, Maturing March 31, 2012	127,866
559,250				Term Loan, 6.85%, Maturing March 31, 2012	527,093
				JRD Holdings, Inc.
1,452,344				Term Loan, 7.19%, Maturing June 26, 2014	1,307,109
				NPC International, Inc.
420,000				Term Loan, 5.52%, Maturing May 3, 2013	369,600
				OSI Restaurant Partners, LLC
1,896,386				Term Loan, 5.44%, Maturing May 9, 2014	1,552,327
154,525				Term Loan, 7.31%, Maturing May 9, 2013	126,489
				QCE Finance, LLC
1,234,962				Term Loan, 7.03%, Maturing May 5, 2013	1,055,011
1,050,000				Term Loan, 10.58%, Maturing November 5, 2013	841,750
				Sagittarius Restaurants, LLC
417,563				Term Loan, 7.08%, Maturing March 29, 2013	323,611
				Selecta
EUR			741,246	Term Loan, 8.77%, Maturing December 28, 2015	739,875
					$	16,545,242
Food/Drug Retailers — 3.4%
				General Nutrition Centers, Inc.
	2,776,914			Term Loan, 7.04%, Maturing September 16, 2013	$	2,275,681
				Iceland Foods Group, Ltd.
GBP		2,125,000		Term Loan, 7.91%, Maturing May 2, 2014	3,862,467
GBP		2,125,000		Term Loan, 8.41%, Maturing May 2, 2015	3,873,035
				Krispy Kreme Doughnut Corp.
345,995				Term Loan, 6.74%, Maturing February 16, 2014	327,831
				Pantry, Inc. (The)
266,667				Term Loan, 0.00%, Maturing May 15, 2014 (3)	228,667
928,667				Term Loan, 4.88%, Maturing May 15, 2014	796,332
				Rite Aid Corp.
5,300,000				Term Loan, 4.91%, Maturing June 1, 2014	4,721,971
				Roundy’s Supermarkets, Inc.
3,748,882				Term Loan, 5.91%, Maturing November 3, 2011	3,521,606
					$	19,607,590
Forest Products — 2.3%
				Appleton Papers, Inc.
	1,492,500			Term Loan, 5.91%, Maturing June 5, 2014	$	1,348,847
				Georgia-Pacific Corp.
9,653,000				Term Loan, 6.67%, Maturing December 20, 2012	8,921,785
				Newpage Corp.
1,675,000				Term Loan, 8.69%, Maturing December 5, 2014	1,631,147
				Xerium Technologies, Inc.
1,335,245				Term Loan, 7.52%, Maturing May 18, 2012	1,158,325
					$	13,060,104

Healthcare — 14.6%
				Accellent, Inc.
	2,354,704			Term Loan, 5.84%, Maturing November 22, 2012	$	1,999,537
				Alliance Imaging, Inc.
476,259				Term Loan, 6.00%, Maturing December 29, 2011	440,539
				American Medical Systems
1,604,461				Term Loan, 5.60%, Maturing July 20, 2012	1,423,959
				AMN Healthcare, Inc.
339,491				Term Loan, 6.58%, Maturing November 2, 2011	307,239
				AMR HoldCo, Inc.
1,293,047				Term Loan, 7.12%, Maturing February 10, 2012	1,202,534
				Biomet, Inc.
EUR		1,371,563		Term Loan, 7.78%, Maturing December 26, 2014	1,891,651
2,992,500				Term Loan, 7.86%, Maturing December 26, 2014	2,876,167
				Capio AB
EUR			227,051	Term Loan, 6.55%, Maturing April 24, 2015	322,281
EUR			272,949	Term Loan, 6.55%, Maturing April 24, 2015	387,430
EUR			227,051	Term Loan, 6.68%, Maturing April 16, 2016	324,005
EUR			272,949	Term Loan, 6.68%, Maturing April 24, 2016	389,502
				Cardinal Health 409, Inc.
2,437,750				Term Loan, 7.08%, Maturing April 10, 2014	2,041,616
				Carestream Health, Inc.
3,704,470				Term Loan, 5.73%, Maturing April 30, 2013	3,078,415
500,000				Term Loan, 9.40%, Maturing October 30, 2013	373,750
				Carl Zeiss Vision Holding GmbH
1,300,000				Term Loan, 7.64%, Maturing March 23, 2015	1,101,750
				Community Health Systems, Inc.
428,074				Term Loan, 0.00%, Maturing July 25, 2014 (3)	392,580
8,511,543				Term Loan, 5.34%, Maturing July 25, 2014	7,805,791
				Concentra, Inc.
700,000				Term Loan, 10.33%, Maturing June 25, 2015	542,500
				ConMed Corp.
524,333				Term Loan, 4.63%, Maturing April 13, 2013	503,360
				CRC Health Corp.
543,125				Term Loan, 7.09%, Maturing February 6, 2013	488,473
540,409				Term Loan, 7.09%, Maturing February 6, 2013	486,031
				Dako EQT Project Delphi
500,000				Term Loan, 8.66%, Maturing December 12, 2016 (4)	391,850
				DaVita, Inc.
4,622,425				Term Loan, 5.34%, Maturing October 5, 2012	4,347,969
				DJO Finance, LLC
900,000				Term Loan, 7.83%, Maturing May 15, 2014	852,750
				Fenwal, Inc.
500,000				Term Loan, 8.34%, Maturing August 28, 2014	463,750
				Fresenius Medical Care Holdings
2,881,183				Term Loan, 6.00%, Maturing March 31, 2013	2,725,291
				Hanger Orthopedic Group, Inc.
812,451				Term Loan, 7.09%, Maturing May 30, 2013	757,610
				HCA, Inc.
7,425,000				Term Loan, 7.08%, Maturing November 18, 2013	6,855,941
				Health Management Association, Inc.
1,500,000				Term Loan, Maturing February 28, 2014 (2)	1,254,375
5,225,733				Term Loan, 6.58%, Maturing February 28, 2014	4,573,896
				HealthSouth Corp.
3,258,501				Term Loan, 5.67%, Maturing March 10, 2013	3,007,779
				Iasis Healthcare, LLC
154,022				Term Loan, 5.11%, Maturing March 14, 2014	135,540
1,677,716				Term Loan, 5.25%, Maturing March 14, 2014	1,476,390
577,583				Term Loan, 5.55%, Maturing March 14, 2014 (3)	508,273
				Ikaria Acquisition, Inc.
597,007				Term Loan, 7.08%, Maturing March 28, 2013	561,186
				IM US Holdings, LLC
1,000,000				Term Loan, 6.84%, Maturing June 26, 2014	891,250
700,000				Term Loan, 9.09%, Maturing June 26, 2015	607,250
				Invacare Corp.
825,750				Term Loan, 5.45%, Maturing February 12, 2013	765,883

			inVentiv Health, Inc.
	942,722		Term Loan, Maturing July 6, 2014 (2)	$	847,272
57,278			Term Loan, Maturing July 6, 2014 (2)	51,478
			Leiner Health Products, Inc.
2,412,500			Term Loan, 9.65%, Maturing May 27, 2011	1,283,450
			LifeCare Holdings, Inc.
953,063			Term Loan, 9.10%, Maturing August 11, 2012	817,728
			LifePoint Hospitals, Inc.
2,296,933			Term Loan, 4.71%, Maturing April 15, 2012	2,106,205
			Magellan Health Services, Inc.
2,162,162			Term Loan, 5.22%, Maturing August 15, 2008	2,118,919
540,541			Term Loan, 6.74%, Maturing August 15, 2008	529,730
			Matria Healthcare, Inc.
161,308			Term Loan, 5.99%, Maturing January 19, 2012	155,662
997,167			Term Loan, 6.83%, Maturing January 19, 2012	962,266
			MultiPlan Merger Corp.
1,739,054			Term Loan, 5.62%, Maturing April 12, 2013	1,583,083
1,233,300			Term Loan, 5.62%, Maturing April 12, 2013	1,122,689
			Mylan, Inc.
650,000			Term Loan, 7.10%, Maturing October 2, 2014	630,139
			National Mentor Holdings, Inc.
68,600			Term Loan, 5.32%, Maturing June 29, 2013	60,025
1,139,054			Term Loan, 6.73%, Maturing June 29, 2013	996,672
			National Rental Institutes, Inc.
913,151			Term Loan, 7.13%, Maturing March 31, 2013	804,715
			Nyco Holdings
EUR		1,000,000	Term Loan, 7.01%, Maturing December 29, 2014	1,144,901
EUR		1,000,000	Term Loan, 7.76%, Maturing December 29, 2015	1,152,491
			Physiotherapy Associates, Inc.
924,139			Term Loan, 8.09%, Maturing June 27, 2013	822,484
			RadNet Management, Inc.
618,752			Term Loan, 9.40%, Maturing November 15, 2012	600,189
650,000			Term Loan, 14.15%, Maturing November 15, 2013	646,750
			ReAble Therapeutics Finance, LLC
2,780,002			Term Loan, 6.83%, Maturing November 16, 2013	2,564,551
			Renal Advantage, Inc.
366,682			Term Loan, 7.47%, Maturing October 5, 2012	327,264
			Select Medical Holding Corp.
2,298,765			Term Loan, 5.15%, Maturing February 24, 2012	2,084,693
			Sunrise Medical Holdings, Inc.
697,573			Term Loan, 7.13%, Maturing May 13, 2010	575,498
			Vanguard Health Holding Co., LLC
1,334,287			Term Loan, 5.37%, Maturing September 23, 2011	1,237,551
			Viant Holdings, Inc.
597,000			Term Loan, 7.08%, Maturing June 25, 2014	456,705
				$	84,239,203
Home Furnishings — 1.3%
			Hunter Fan Co.
	540,939		Term Loan, 5.57%, Maturing April 16, 2014	$	444,923
			Interline Brands, Inc.
1,099,560			Term Loan, 4.87%, Maturing June 23, 2013	1,058,326
759,946			Term Loan, 4.87%, Maturing June 23, 2013	731,448
			National Bedding Co., LLC
1,495,000			Term Loan, 5.97%, Maturing August 31, 2011	1,255,800
1,050,000			Term Loan, 8.26%, Maturing August 31, 2012	790,125
			Simmons Co.
3,107,786			Term Loan, 5.63%, Maturing December 19, 2011	2,789,238
1,000,000			Term Loan, 8.20%, Maturing February 15, 2012	635,000
				$	7,704,860
Industrial Equipment — 4.4%
			Aearo Technologies, Inc.
	400,000		Term Loan, 10.33%, Maturing September 24, 2013	$	403,000
746,250			Term Loan, 7.08%, Maturing July 2, 2014	740,653
			Brand Energy & Infrastructure Service, Inc.
897,750			Term Loan, 7.91%, Maturing February 7, 2014	843,885

				CEVA Group PLC U.S.
	1,179,599			Term Loan, 6.12%, Maturing January 4, 2014	$	1,064,588
2,276,643				Term Loan, 6.12%, Maturing January 4, 2014	2,054,670
846,843				Term Loan, 7.83%, Maturing January 4, 2014	764,276
				Colfax Corp.
EUR		1,801,852		Term Loan, 7.13%, Maturing December 19, 2011	2,667,007

				EPD Holdings (Goodyear Engineering Products)
153,125				Term Loan, 5.63%, Maturing July 13, 2014	127,285
1,069,195				Term loan, 5.75%, Maturing July 13, 2014	888,769
850,000				Term Loan, 8.99%, Maturing July 13, 2015	626,875
				Flowserve Corp.
2,221,516				Term Loan, 6.22%, Maturing August 10, 2012	2,096,556
				FR Brand Acquisition Corp.
744,375				Term Loan, 6.97%, Maturing February 7, 2014	653,040
				Generac Acquisition Corp.
1,911,000				Term Loan, 7.20%, Maturing November 7, 2013	1,594,321
500,000				Term Loan, 10.70%, Maturing April 7, 2014	347,500
				Gleason Corp.
145,941				Term Loan, 6.01%, Maturing June 30, 2013	124,780
633,988				Term Loan, 6.01%, Maturing June 30, 2013	542,060
				Itron, Inc.
EUR			361,179	Term Loan, 6.78%, Maturing April 18, 2014	493,475
				Jason, Inc.
497,500				Term Loan, 5.62%, Maturing April 30, 2010	433,447
				John Maneely Co.
3,039,689				Term Loan, 7.46%, Maturing December 8, 2013	2,652,128
				KION Group GmbH
250,000				Term Loan, 6.75%, Maturing December 23, 2014	209,687
250,000				Term Loan, 7.25%, Maturing December 23, 2015	210,781
				Polypore, Inc.
3,358,125				Term Loan, 5.37%, Maturing July 3, 2014	2,955,150
				Sequa Corp.
1,000,000				Term Loan, 8.08%, Maturing November 30, 2014	945,000
				TFS Acquisition Corp.
1,975,000				Term Loan, 8.33%, Maturing August 11, 2013	1,836,750
					$	25,275,683
Insurance — 2.4%
				Alliant Holdings I, Inc.
	1,147,125			Term Loan, 7.83%, Maturing August 21, 2014	$	1,038,148
				AmWINS Group, Inc.
500,000				Term Loan, 11.07%, Maturing June 8, 2014	332,500
				Applied Systems, Inc.
1,481,250				Term Loan, 7.19%, Maturing September 26, 2013	1,347,937
				CCC Information Services Group, Inc.
1,640,954				Term Loan, 7.36%, Maturing February 10, 2013	1,509,677
				Conseco, Inc.
3,882,128				Term Loan, 5.12%, Maturing October 10, 2013	3,209,227
				Crawford & Company
1,364,554				Term Loan, 7.58%, Maturing October 31, 2013	1,251,978
				Crump Group, Inc.
1,209,196				Term Loan, 7.83%, Maturing August 4, 2014	1,148,736
				Hub International Holdings, Inc.
442,317				Term Loan, 6.07%, Maturing June 13, 2014 (3)	384,816
1,970,686				Term Loan, 7.33%, Maturing June 13, 2014	1,714,497
				U.S.I. Holdings Corp.
1,915,375				Term Loan, 7.58%, Maturing May 4, 2014	1,709,472
					$	13,646,988
Leisure Goods/Activities/Movies — 8.8%
				24 Hour Fitness Worldwide, Inc.
	1,832,363			Term Loan, 6.95%, Maturing June 8, 2012	$	1,520,861
				AMC Entertainment, Inc.
2,058,000				Term Loan, 4.87%, Maturing January 26, 2013	1,876,211

		AMF Bowling Worldwide, Inc.
	1,200,000	Term Loan, 11.81%, Maturing December 8, 2013	$	990,000
		Bombardier Recreational Product
2,027,848		Term Loan, 6.43%, Maturing June 28, 2013	1,774,367
		Butterfly Wendel US, Inc.
325,000		Term Loan, 7.65%, Maturing June 22, 2013	290,062
325,000		Term Loan, 7.40%, Maturing June 22, 2014	288,437
		Carmike Cinemas, Inc.
1,788,876		Term Loan, 8.65%, Maturing May 19, 2012	1,672,599
		Cedar Fair, L.P.
4,338,950		Term Loan, 5.12%, Maturing August 30, 2012	4,044,986
		Cinemark, Inc.
4,008,368		Term Loan, 5.34%, Maturing October 5, 2013	3,559,932
		Deluxe Entertainment Services
62,008		Term Loan, 7.08%, Maturing January 28, 2011	53,327
1,294,154		Term Loan, 7.08%, Maturing January 28, 2011	1,112,972
119,626		Term Loan, 7.08%, Maturing January 28, 2011	102,878
		Easton-Bell Sports, Inc.
1,356,506		Term Loan, 6.85%, Maturing March 16, 2012	1,164,334
		Fender Musical Instruments Corp.
334,448		Term Loan, 6.97%, Maturing June 9, 2014	284,281
665,552		Term Loan, 7.16%, Maturing June 9, 2014	565,719
		HEI Acquisition, LLC
2,150,000		Term Loan, 7.31%, Maturing April 13, 2014	2,107,000
		Mega Blocks, Inc.
1,779,375		Term Loan, 5.50%, Maturing July 26, 2012	1,405,706
		Metro-Goldwyn-Mayer Holdings, Inc.
8,803,744		Term Loan, 8.11%, Maturing April 8, 2012	7,314,441
		National CineMedia, LLC
1,850,000		Term Loan, 6.87%, Maturing February 13, 2015	1,595,048
		Regal Cinemas Corp.
4,443,750		Term Loan, 6.33%, Maturing November 10, 2010	4,004,930
		Revolution Studios Distribution Co., LLC
1,331,221		Term Loan, 6.88%, Maturing December 21, 2014	1,151,506
900,000		Term Loan, 10.13%, Maturing June 21, 2015	742,500
		Six Flags Theme Parks, Inc.
3,482,500		Term Loan, 5.37%, Maturing April 30, 2015	2,961,710
		Southwest Sports Group, LLC
2,000,000		Term Loan, 5.75%, Maturing December 22, 2010	1,701,800
		Universal City Development Partners, Ltd.
1,924,945		Term Loan, 5.71%, Maturing June 9, 2011	1,770,950
		WMG Acquisition Corp.
6,280,615		Term Loan, 5.25%, Maturing February 28, 2011	5,686,575
		Zuffa, LLC
995,000		Term Loan, 5.19%, Maturing June 20, 2016	721,375
			$		50,464,507
Lodging and Casinos — 4.3%
		Ameristar Casinos, Inc.
	1,200,500	Term Loan, 5.02%, Maturing November 10, 2012	$	1,138,224
		Bally Technologies, Inc.
3,824,193		Term Loan, 7.36%, Maturing September 5, 2009	3,757,270
		CCM Merger, Inc.
1,556,361		Term Loan, 6.52%, Maturing April 25, 2012	1,354,034
		Isle of Capri Casinos, Inc.
445,588		Term Loan, 4.88%, Maturing November 30, 2013	385,805
1,477,868		Term Loan, 6.58%, Maturing November 30, 2013	1,279,586
591,147		Term Loan, 6.58%, Maturing November 30, 2013	511,835
		LodgeNet Entertainment Corp.
920,375		Term Loan, 6.83%, Maturing April 4, 2014	775,991
		New World Gaming Partners, Ltd.
1,125,000		Term Loan, 7.23%, Maturing June 30, 2014	961,875
225,000		Term Loan, 7.23%, Maturing June 30, 2014	192,375
		Penn National Gaming, Inc.
7,111,312		Term Loan, 5.14%, Maturing October 3, 2012	6,781,604

		Venetian Casino Resort/Las Vegas Sands Inc.
	960,000	Term Loan, 0.00%, Maturing May 14, 2014 (3)	$	857,500
3,820,800		Term Loan, 6.58%, Maturing May 23, 2014	3,412,849
		VML US Finance, LLC
500,000		Term Loan, 7.08%, Maturing May 25, 2012	454,432
1,000,000		Term Loan, 7.08%, Maturing May 25, 2013	908,864
		Wimar OpCo, LLC
1,954,381		Term Loan, 9.25%, Maturing January 3, 2012	1,922,079
			$		24,694,323
Nonferrous Metals/Minerals — 2.5%
		Alpha Natural Resources, LLC
	909,188	Term Loan, 6.59%, Maturing October 26, 2012	$	877,366
		Euramax International, Inc.
649,548		Term Loan, 7.81%, Maturing June 28, 2012	557,312
501,316		Term Loan, 12.65%, Maturing June 28, 2013	367,214
248,684		Term Loan, 12.65%, Maturing June 28, 2013	182,161
		Magnum Coal Co.
209,091		Term Loan, 6.38%, Maturing March 15, 2013	192,364
2,054,318		Term Loan, 6.50%, Maturing March 15, 2013	1,889,973
		Murray Energy Corp.
950,600		Term Loan, 7.91%, Maturing January 28, 2010	903,070
		Neo Material Technologies, Inc.
1,113,750		Term Loan, 8.31%, Maturing August 31, 2009	1,028,548
		Noranda Aluminum Acquisition
1,444,938		Term Loan, 5.07%, Maturing May 18, 2014	1,271,545
		Novelis, Inc.
707,383		Term Loan, 6.83%, Maturing June 28, 2014	624,973
1,556,242		Term Loan, 6.83%, Maturing June 28, 2014	1,374,940
		Oxbow Carbon and Mineral Holdings
2,552,116		Term Loan, 6.82%, Maturing May 8, 2014	2,258,622
228,475		Term Loan, 6.83%, Maturing May 8, 2014	202,200
		Stillwater Mining Co.
1,335,920		Term Loan, 5.63%, Maturing July 30, 2010	1,295,842
		Thompson Creek Metals Co.
1,215,439		Term Loan, 9.40%, Maturing October 26, 2012	1,178,976
			$		14,205,106
Oil and Gas — 2.2%
		Atlas Pipeline Partners L.P.
	1,700,000	Term Loan, 5.88%, Maturing July 20, 2014	$	1,609,334
		Big West Oil, LLC
453,750		Term Loan, 5.38%, Maturing May 1, 2014 (3)	418,584
367,125		Term Loan, 5.50%, Maturing May 1, 2014	338,673
		Dresser, Inc.
1,595,938		Term Loan, 5.57%, Maturing May 4, 2014	1,479,434
1,000,000		Term Loan, 8.82%, Maturing May 4, 2015	876,250
		Dynegy Holdings, Inc.
151,822		Term Loan, 4.68%, Maturing April 2, 2013	137,020
1,848,178		Term Loan, 4.76%, Maturing April 2, 2013	1,667,980
		Enterprise GP Holdings L.P.
1,325,000		Term Loan, 6.24%, Maturing October 31, 2014	1,288,562
		Niska Gas Storage
140,259		Term Loan, 6.74%, Maturing May 13, 2011	131,492
83,729		Term Loan, 6.81%, Maturing May 13, 2011	78,496
123,605		Term Loan, 7.32%, Maturing May 13, 2011	115,880
764,037		Term Loan, 7.32%, Maturing May 12, 2013	716,284
		Primary Natural Resources, Inc.
1,719,375		Term Loan, 6.00%, Maturing July 28, 2010 (4)	1,658,681
		Targa Resources, Inc.
1,410,000		Term Loan, 6.84%, Maturing October 31, 2012	1,323,990
1,084,321		Term Loan, 6.90%, Maturing October 31, 2012	1,018,177
			$		12,858,837

Publishing — 11.7%
				American Media Operations, Inc.
	2,000,000			Term Loan, 7.25%, Maturing January 31, 2013	$	1,820,000
				Aster Zweite Beteiligungs GmbH
850,000				Term Loan, 7.39%, Maturing September 27, 2013	739,500
				CanWest MediaWorks, Ltd.
893,250				Term Loan, 5.09%, Maturing July 10, 2014	813,974
				Dex Media West, LLC
2,569,930				Term Loan, 5.61%, Maturing March 9, 2010	2,447,859
				GateHouse Media Operating, Inc.
1,525,000				Term Loan, 5.09%, Maturing August 28, 2014	1,090,375
650,000				Term Loan, 6.34%, Maturing August 28, 2014	464,750
750,000				Term Loan, 7.41%, Maturing August 28, 2014	536,250
				Idearc, Inc.
10,118,000				Term Loan, 6.83%, Maturing November 17, 2014	8,385,293
				Laureate Education, Inc.
505,875				Term Loan, 0.00%, Maturing August 17, 2014 (3)	460,978
3,406,120				Term Loan, 8.73%, Maturing August 17, 2014	3,103,827
				MediaNews Group, Inc.
546,577				Term Loan, 6.58%, Maturing August 25, 2010	437,261
1,058,875				Term Loan, 7.08%, Maturing August 2, 2013	802,098
				Mediannuaire Holding
EUR			500,000	Term Loan, 6.68%, Maturing October 24, 2013	657,391
EUR			727,273	Term Loan, 7.18%, Maturing October 10, 2014	921,440
EUR			727,273	Term Loan, 7.68%, Maturing October 10, 2015	926,041
				Merrill Communications, LLC
5,372,287				Term Loan, 6.40%, Maturing February 9, 2009	4,808,197
				Nebraska Book Co., Inc.
1,425,880				Term Loan, 7.65%, Maturing March 4, 2011	1,334,981
				Nelson Education, Ltd.
498,750				Term Loan, 7.33%, Maturing July 5, 2014	458,850
				Nielsen Finance, LLC
7,603,772				Term Loan, 5.35%, Maturing August 9, 2013	6,748,348
				Philadelphia Newspapers, LLC
782,858				Term Loan, 6.60%, Maturing June 29, 2013	649,772
				R.H. Donnelley Corp.
7,202,089				Term Loan, 5.87%, Maturing June 30, 2010	6,666,931
				Reader’s Digest Association
4,615,125				Term Loan, 7.19%, Maturing March 2, 2014	3,798,248
				SGS International, Inc.
759,500				Term Loan, 7.29%, Maturing December 30, 2011	698,740
				Source Media, Inc.
1,206,407				Term Loan, 7.08%, Maturing November 8, 2011	1,061,639
				TL Acquisitions, Inc.
2,144,625				Term Loan, 5.81%, Maturing July 5, 2014	1,882,395
				Trader Media Corp.
GBP		2,528,500		Term Loan, 7.68%, Maturing March 23, 2015	4,356,971
				Tribune Co.
2,053,333				Term Loan, 7.40%, Maturing May 17, 2009	1,879,763
4,278,500				Term Loan, 7.91%, Maturing May 17, 2014	3,145,767
				Xsys US, Inc.
2,004,256				Term Loan, 7.39%, Maturing September 27, 2013	1,743,703
2,031,126				Term Loan, 7.39%, Maturing September 27, 2014	1,777,235
				Yell Group, PLC
2,900,000				Term Loan, 5.12%, Maturing February 10, 2013	2,561,321
					$	67,179,898
Radio and Television — 7.4%
				Block Communications, Inc.
	931,000			Term Loan, 6.83%, Maturing December 22, 2011	$	856,520
				Cequel Communications, LLC
1,800,000				Term Loan, 7.74%, Maturing May 5, 2014	1,386,000
3,921,036				Term Loan, 9.24%, Maturing May 5, 2014	2,979,987
				CMP KC, LLC
973,688				Term Loan, 7.22%, Maturing May 5, 2013	876,319

			CMP Susquehanna Corp.
	2,495,125		Term Loan, 5.17%, Maturing May 5, 2013	$	2,039,765
			Discovery Communications, Inc.
2,686,500			Term Loan, 6.83%, Maturing April 30, 2014	2,474,266
			Emmis Operating Co.
891,849			Term Loan, 6.84%, Maturing November 2, 2013	750,640
			Entravision Communications Corp.
1,416,000			Term Loan, 6.23%, Maturing September 29, 2013	1,222,480
			Gray Television, Inc.
1,410,750			Term Loan, 6.21%, Maturing January 19, 2015	1,211,482
			HIT Entertainment, Inc.
969,945			Term Loan, 5.15%, Maturing March 20, 2012	829,303
			NEP II, Inc.
694,747			Term Loan, 7.11%, Maturing February 16, 2014	617,746
			Nexstar Broadcasting, Inc.
1,997,239			Term Loan, 6.58%, Maturing October 1, 2012	1,822,481
1,891,118			Term Loan, 6.58%, Maturing October 1, 2012	1,725,645
			NextMedia Operating, Inc.
262,000			Term Loan, 5.09%, Maturing November 15, 2012	229,250
116,443			Term Loan, 5.10%, Maturing November 15, 2012	101,888
			Panamsat Corporation
333,400			Term Loan, Maturing January 3, 2014 (2)	295,476
333,300			Term Loan, Maturing January 3, 2014 (2)	295,387
333,300			Term Loan, Maturing January 3, 2014 (2)	295,387
905,389			Term Loan, 5.64%, Maturing January 3, 2014	835,951
905,118			Term Loan, 5.64%, Maturing January 3, 2014	835,701
905,118			Term Loan, 5.64%, Maturing January 3, 2014	835,701
			Paxson Communications Corp.
2,775,000			Term Loan, 7.51%, Maturing January 15, 2012	2,358,750
			Raycom TV Broadcasting, LLC
1,125,000			Term Loan, 4.63%, Maturing June 25, 2014	1,057,500
			SFX Entertainment
1,288,056			Term Loan, 7.58%, Maturing June 21, 2013	1,172,131
			Sirius Satellite Radio, Inc.
498,750			Term Loan, 5.38%, Maturing December 19, 2012	428,925
			Spanish Broadcasting System, Inc.
979,849			Term Loan, 6.58%, Maturing June 10, 2012	823,073
			Tyrol Acquisition 2 SAS
EUR		875,000	Term Loan, 6.19%, Maturing January 19, 2015	1,060,557
EUR		875,000	Term Loan, 6.65%, Maturing January 19, 2016	1,066,595
			Univision Communications, Inc.
3,325,000			Term Loan, 5.63%, Maturing March 29, 2009	3,216,938
282,718			Term Loan, 0.00%, Maturing September 29, 2014 (3)	238,163
8,142,282			Term Loan, 5.49%, Maturing September 29, 2014	6,859,091
			Young Broadcasting, Inc.
982,500			Term Loan, 5.70%, Maturing November 3, 2012	884,250
794,625			Term Loan, 5.70%, Maturing November 3, 2012	715,163
				$	42,398,511
Rail Industries — 0.6%
			Kansas City Southern Railway Co.
	2,216,250		Term Loan, 6.35%, Maturing March 30, 2008	$	2,074,964
			RailAmerica, Inc.
1,725,000			Term Loan, 5.32%, Maturing August 14, 2008	1,630,125
				$	3,705,089
Retailers (Except Food and Drug) — 3.5%
			American Achievement Corp.
	1,307,867		Term Loan, 5.42%, Maturing March 25, 2011	$	1,209,777
			Amscan Holdings, Inc.
570,688			Term Loan, 5.90%, Maturing May 25, 2013	513,619
			Claire’s Stores, Inc.
398,000			Term Loan, 6.47%, Maturing May 24, 2014	314,420
			Cumberland Farms, Inc.
1,718,798			Term Loan, 5.96%, Maturing September 29, 2013	1,615,670

			Educate, Inc.
	500,000		Term Loan, 10.08%, Maturing June 14, 2014	$	412,500
			FTD, Inc.
652,378			Term Loan, 4.88%, Maturing July 28, 2013	596,600
			Harbor Freight Tools USA, Inc.
2,007,693			Term Loan, 5.37%, Maturing July 15, 2010	1,786,847
			Josten’s Corp.
2,102,724			Term Loan, 6.72%, Maturing October 4, 2011	1,997,588
			Mapco Express, Inc.
597,374			Term Loan, 6.01%, Maturing April 28, 2011	555,558
			Neiman Marcus Group, Inc.
884,494			Term Loan, 6.60%, Maturing April 5, 2013	820,565
			Orbitz Worldwide, Inc.
1,311,713			Term Loan, 6.96%, Maturing July 25, 2014	1,147,748
			Oriental Trading Co., Inc.
1,225,000			Term Loan, 9.13%, Maturing January 31, 2013	903,438
1,777,128			Term Loan, 5.36%, Maturing July 31, 2013	1,479,459
			Rent-A-Center, Inc.
1,148,129			Term Loan, 5.77%, Maturing November 15, 2012	1,051,973
			Rover Acquisition Corp.
2,425,500			Term Loan, 6.26%, Maturing October 26, 2013	2,204,173
			Savers, Inc.
383,471			Term Loan, 7.58%, Maturing August 11, 2012	348,958
417,374			Term Loan, 7.58%, Maturing August 11, 2012	379,810
			The Yankee Candle Company, Inc.
1,269,495			Term Loan, 6.83%, Maturing February 6, 2014	1,126,677
			Vivarte
EUR		750,000	Term Loan, 6.18%, Maturing May 29, 2015	818,147
EUR		750,000	Term Loan, 6.68%, Maturing May 29, 2016	823,433
				$	20,106,960
Steel — 0.3%
			Algoma Acquisition Corp.
	1,081,520		Term Loan, 7.33%, Maturing June 20, 2013	$	949,034
			Niagara Corp.
1,144,250			Term Loan, 8.12%, Maturing June 29, 2014	949,728
				$	1,898,762
Surface Transport — 1.1%
			Gainey Corp.
	1,292,744		Term Loan, 10.00%, Maturing April 20, 2012	$	853,211
			Oshkosh Truck Corp.
2,123,125			Term Loan, 6.90%, Maturing December 6, 2013	1,987,997
			Ozburn-Hessey Holding Co., LLC
489,087			Term Loan, 7.10%, Maturing August 9, 2012	437,733
			SIRVA Worldwide, Inc.
1,625,945			Term Loan, 11.82%, Maturing December 1, 2010	781,808
			Swift Transportation Co., Inc.
3,115,116			Term Loan, 6.50%, Maturing May 10, 2014	2,429,791
				$	6,490,540
Telecommunications — 4.8%
			Alaska Communications Systems Holdings, Inc.
	1,105,000		Term Loan, 6.58%, Maturing February 1, 2012	$	1,019,363
			Alltell Communication
1,500,000			Term Loan, 7.74%, Maturing May 16, 2014	1,364,574
1,246,875			Term Loan, 5.87%, Maturing May 16, 2015	1,134,302
			Asurion Corp.
1,675,000			Term Loan, 6.10%, Maturing July 13, 2012	1,428,775
1,000,000			Term Loan, 9.67%, Maturing January 13, 2013	841,250
			Centennial Cellular Operating Co., LLC
4,594,820			Term Loan, 6.70%, Maturing February 9, 2011	4,392,648
			CommScope, Inc.
1,291,815			Term Loan, 7.05%, Maturing November 19, 2014	1,223,995
			FairPoint Communications, Inc.
3,235,000			Term Loan, 6.63%, Maturing February 8, 2012	3,196,180

			Intelsat Bermuda, Ltd.
	1,200,000		Term Loan, 5.64%, Maturing February 1, 2014	$	1,189,500
			Intelsat Subsidiary Holding Co.
1,086,250			Term Loan, 5.64%, Maturing July 3, 2013	1,007,497
			Iowa Telecommunications Services
688,000			Term Loan, 6.68%, Maturing November 23, 2011	641,130
			IPC Systems, Inc.
1,194,000			Term Loan, 7.09%, Maturing May 31, 2014	961,170
500,000			Term Loan, 10.09%, Maturing May 31, 2015	369,167
			Macquarie UK Broadcast Ventures, Ltd.
GBP		850,000	Term Loan, 7.95%, Maturing December 26, 2014	1,407,608
			NTelos, Inc.
1,301,473			Term Loan, 5.38%, Maturing August 24, 2011	1,241,280
			Palm, Inc.
922,688			Term Loan, 6.63%, Maturing April 24, 2014	655,108
			Stratos Global Corp.
1,151,500			Term Loan, 7.59%, Maturing February 13, 2012	1,079,531
			Telesat Canada, Inc.
670,632			Term Loan, 6.64%, Maturing October 22, 2014	619,916
57,319			Term Loan, 6.75%, Maturing October 22, 2014 (3)	52,984
			Trilogy International Partners
950,000			Term Loan, 8.33%, Maturing June 29, 2012	807,500
			Windstream Corp.
3,420,106			Term Loan, 5.50%, Maturing July 17, 2013	3,280,097
				$	27,913,575
Utilities — 3.8%
			AEI Finance Holding, LLC
	301,657		Revolving Loan, 7.83%, Maturing March 30, 2012	$	262,442
2,249,158			Term Loan, 7.83%, Maturing March 30, 2014	1,956,767
			Astoria Generating Co.
1,000,000			Term Loan, 8.66%, Maturing August 23, 2013	902,500
			BRSP, LLC
1,962,034			Term Loan, 7.91%, Maturing July 13, 2009	1,863,932
			Calpine Corp.
918,063			DIP Loan, 7.71%, Maturing March 30, 2009	819,945
			Covanta Energy Corp.
1,263,647			Term Loan, 5.87%, Maturing February 9, 2014	1,173,085
626,804			Term Loan, 6.20%, Maturing February 9, 2014	581,883
			Electricinvest Holding Co.
EUR		476,616	Term Loan, 8.30%, Maturing October 24, 2012	601,753
GBP		480,000	Term Loan, 9.73%, Maturing October 24, 2012	808,411
			LS Power Acquisition Co.
653,517			Term Loan, 8.58%, Maturing November 1, 2014	644,532
			Mach General, LLC
75,000			Term Loan, 6.83%, Maturing February 22, 2013	70,050
717,750			Term Loan, 5.10%, Maturing February 22, 2014	670,379
			Mirant North America, LLC
970,905			Term Loan, 4.87%, Maturing January 3, 2013	919,124
			NRG Energy, Inc.
2,328,227			Term Loan, 6.48%, Maturing June 1, 2014	2,150,700
5,042,369			Term Loan, 6.58%, Maturing June 1, 2014	4,657,889
			Pike Electric, Inc.
1,184,969			Term Loan, 4.69%, Maturing July 1, 2012	1,113,871
321,687			Term Loan, 4.63%, Maturing December 10, 2012	302,386
			TXU Texas Competitive Electric Holdings Co., LLC
997,500			Term Loan, 6.58%, Maturing October 10, 2014	913,077
1,496,250			Term Loan, 6.58%, Maturing October 10, 2014	1,369,069
				$	21,781,795
Total Senior Floating-Rate Interests (identified cost 1,004,321,038)				$	900,455,653

Corporate Bonds & Notes — 11.5%

Principal
Amount *
(000’s omitted)			Security	Value
Aerospace and Defense — 0.1%
			Alion Science and Technologies, Corp.
	155		10.25%, 2/1/15	$	102,687
			Bombardier, Inc.
145			8.00%, 11/15/14 (5)	149,712
			DRS Technologies, Inc., Sr. Sub. Notes
90			7.625%, 2/1/18	90,450
			Hawker Beechcraft Acquisition Co.
135			9.75%, 4/1/17	134,662
				$	477,511
Automotive — 0.2%
			Allison Transmission Inc.
	190		11.00%, 11/1/15 (5)	$	163,400
			Altra Industrial Motion, Inc.
375			9.00%, 12/1/11	361,875
			American Axle & Manufacturing, Inc.
150			7.875%, 3/1/17	129,375
			Commercial Vehicle Group, Inc., Sr. Notes
110			8.00%, 7/1/13	90,200
			Tenneco, Inc., Sr. Notes
65			8.125%, 11/15/15 (5)	65,487
				$	810,337
Broadcast Radio and Television — 0.0%
			Warner Music Group, Sr. Sub. Notes
	90		7.375%, 4/15/14	$	71,550
				$	71,550
Brokers/Dealers/Investment Houses — 0.0%
			Nuveen Investments, Inc.
	30		5.00%, 9/15/10	$	26,850
			Nuveen Investments, Inc., Sr. Notes
205			10.50%, 11/15/15 (5)	187,319
				$	214,169
Building and Development — 0.7%
			Grohe Holding of GmbH, Variable Rate
EUR		2,000	7.451%, 1/15/14	$	2,489,684
			Nortek, Inc., Sr. Sub. Notes
950			8.50%, 9/1/14	741,000
			NTK Holdings, Inc., Sr. Disc. Notes
405			10.75%, 3/1/14	216,675
			Panolam Industries International
470			10.75%, 10/1/13	368,950
			Stanley Martin Co.
90			9.75%, 8/15/15	43,650
				$	3,859,959
Business Equipment and Services — 0.8%
			Affinion Group, Inc.
	110		10.125%, 10/15/13	$	108,350
150			11.50%, 10/15/15	138,750
			Aramark Corp., Sr. Notes
70			8.50%, 2/1/15	69,300
			Ceridian Corp., Sr. Notes
395			11.25%, 11/15/15 (5)	324,887
			Education Management, LLC
475			8.75%, 6/1/14	420,375
720			10.25%, 6/1/16	608,400

		KAR Holdings, Inc., Sr. Notes
	20	8.75%, 5/1/14 (5)	$	18,000
		KAR Holdings, Inc., Sr. Notes, Variable Rate
145		7.239%, 5/1/14 (5)	121,800
		MediMedia USA, Inc., Sr. Sub Notes
180		11.375%, 11/15/14 (5)	186,300
		Neff Corp., Sr. Notes
40		10.00%, 6/1/15	18,600
		Norcross Safety Products, LLC/Norcross Capital Corp., Sr. Sub. Notes, Series B
485		9.875%, 8/15/11	500,762
		Rental Service Corp.
105		9.50%, 12/1/14	86,362
		Safety Products Holdings, Inc. Sr. Notes (PIK)
375		11.75%, 1/1/12	391,938
		SunGard Data Systems, Inc.
90		9.125%, 8/15/13	91,125
		Travelport, LLC
530		9.875%, 9/1/14	469,050
79		11.875%, 9/1/16	67,150
		United Rentals North America, Inc.
20		6.50%, 2/15/12	18,200
		West Corp.
830		9.50%, 10/15/14	730,400
		VWR Funding, Inc. (PIK)
45		10.25%, 7/15/15	42,413
			$	4,412,162
Cable and Satellite Television — 0.3%
		Cablevision Systems Corp., Sr. Notes, Series B
	80	8.00%, 4/15/12	$	77,400
		CCO Holdings, LLC/CCO Capital Corp., Sr. Notes
1,785		8.75%, 11/15/13	1,575,262
		Kabel Deutschland GmbH
220		10.625%, 7/1/14	210,100
		Mediacom Broadband Group Corp., LLC, Sr. Notes
170		8.50%, 10/15/15	135,150
			$	1,997,912
Chemicals and Plastics — 0.2%
		CII Carbon, LLC
	100	11.125%, 11/15/15 (5)	$	87,500
		INEOS Group Holdings PLC, Sr. Sub. Notes
245		8.50%, 2/15/16 (5)	184,975
		Nova Chemicals Corp., Sr. Notes, Variable Rate
215		7.863%, 11/15/13	183,825
		Reichhold Industries, Inc., Sr. Notes
500		9.00%, 8/15/14 (5)	495,000
			$	951,300
Clothing/Textiles — 0.4%
		Levi Strauss & Co., Sr. Notes
	435	9.75%, 1/15/15	$	433,912
85		8.875%, 4/1/16	81,387
		Oxford Industries, Inc., Sr. Notes
1,355		8.875%, 6/1/11	1,307,575
		Perry Ellis International, Inc., Sr. Sub. Notes
355		8.875%, 9/15/13	339,025
		Phillips Van Heusen, Sr. Notes
20		7.25%, 2/15/11	20,200
			$	2,182,099
Conglomerates — 0.1%
		RBS Global & Rexnord Corp.
	195	9.50%, 8/1/14	$	176,475
175		11.75%, 8/1/16	149,625
			$	326,100

Containers and Glass Products — 0.2%
		Intertape Polymer US, Inc., Sr. Sub. Notes
	865	8.50%, 8/1/14	$	728,762
		Pliant Corp. (PIK)
255		11.85%, 6/15/09	250,359
		Smurfit-Stone Container Enterprises, Inc., Sr. Notes
285		8.00%, 3/15/17	253,650
			$	1,232,771
Cosmetics/Toiletries — 0.0%
		Bausch & Lomb, Inc., Sr. Notes
	210	9.875%, 11/1/15 (5)	$	213,675
			$	213,675
Ecological Services and Equipment — 0.1%
		Waste Services, Inc., Sr. Sub. Notes
570		9.50%, 4/15/14	$	542,925
			$	542,925
Electronic/Electric — 0.3%
		Advanced Micro Devices, Inc., Sr. Notes
	465	7.75%, 11/1/12	$	391,762
		Amkor Technologies, Inc., Sr. Notes
240		7.75%, 5/15/13	224,100
		Avago Technologies Finance
125		11.875%, 12/1/15	133,125
		Avago Technologies Finance, Variable Rate
195		10.125%, 12/1/13	206,700
		NXP BV/NXP Funding, LLC
120		7.875%, 10/15/14	109,800
		NXP BV/NXP Funding, LLC, Variable Rate
875		7.008%, 10/15/13	709,844
			$	1,775,331
Financial Intermediaries — 0.6%
		Alzette, Variable Rate
	750	11.86%, 12/15/20	$	704,475
		*ETrade Financial Corp.**
205		7.875%, 12/1/15	156,825
		First CLO, Ltd., Sr. Sub. Notes, Variable Rate
1,000		7.68%, 7/27/16 (5)	796,716
		Ford Motor Credit Co.
795		7.375%, 10/28/09	754,152
375		7.875%, 6/15/10	345,765
		Ford Motor Credit Co., Sr. Notes
55		5.80%, 1/12/09	53,174
20		9.875%, 8/10/11	18,526
		General Motors Acceptance Corp.
235		6.375%, 5/1/08	234,412
180		7.75%, 1/19/10	162,821
75		7.25%, 3/2/11	63,339
		General Motors Acceptance Corp., Variable Rate
125		4.315%, 5/15/09	117,199
			$	3,407,404
Food Products — 0.1%
		ASG Consolidated, LLC/ASG Finance, Inc., Sr. Disc. Notes
	550	11.50%, 11/1/11	$	489,500
		Dole Foods Co.
235		7.25%, 6/15/10	193,875
		Dole Foods Co., Sr. Notes
110		8.625%, 5/1/09	97,350
		Pierre Foods, Inc., Sr. Sub. Notes
10		9.875%, 7/15/12	5,550
			$	786,275

Food Service — 0.1%
		El Pollo Loco, Inc.
	410	11.75%, 11/15/13	$	383,350
		NPC International, Inc.
440		9.50%, 5/1/14	385,000
			$	768,350
Food/Drug Retailers — 0.3%
		General Nutrition Center, Sr. Notes, Variable Rate (PIK)
	400	10.009%, 3/15/14	$	321,000
		General Nutrition Center, Sr. Sub. Notes
405		10.75%, 3/15/15	331,087
		Rite Aid Corp.
760		6.125%, 12/15/08 (5)	720,100
320		7.50%, 1/15/15	288,800
135		7.50%, 3/1/17	118,800
			$	1,779,787
Forest Products — 0.2%
		Jefferson Smurfit Corp.
	85	7.50%, 6/1/13	$	77,350
		NewPage Corp.
395		10.00%, 5/1/12 (5)	397,962
265		10.00%, 5/1/12	266,988
225		12.00%, 5/1/13	222,750
		NewPage Corp., Variable Rate
155		9.489%, 5/1/12	152,675
		Rock-Tenn Co.
65		9.25%, 3/15/16 (5)	66,269
			$	1,183,994
Healthcare — 1.0%
		Accellent, Inc.
	235	10.50%, 12/1/13	$	186,825
		Advanced Medical Optics, Inc., Sr. Sub. Notes
80		7.50%, 5/1/17	68,800
		AMR HoldCo, Inc./EmCare HoldCo, Inc., Sr. Sub. Notes
355		10.00%, 2/15/15	378,075
		Biomet, Inc
200		11.625%, 10/15/17 (5)	197,750
		HCA, Inc.
765		8.75%, 9/1/10	772,650
170		7.875%, 2/1/11	168,300
150		9.125%, 11/15/14	153,375
325		9.25%, 11/15/16	333,938
		MultiPlan Merger Corp., Sr. Sub. Notes
540		10.375%, 4/15/16 (5)	502,200
		National Mentor Holdings, Inc.
355		11.25%, 7/1/14	367,425
		Res-Care, Inc., Sr. Notes
220		7.75%, 10/15/13	211,750
		Service Corp. International, Sr. Notes
130		7.00%, 6/15/17	129,675
		Universal Hospital Service, Inc. (PIK)
40		8.50%, 6/1/15	40,100
		US Oncology, Inc.
440		9.00%, 8/15/12	440,000
1,940		10.75%, 8/15/14	1,925,450
			$	5,876,313
Home Furnishings — 0.0%
		Interline Brands, Inc., Sr. Sub. Notes
	150	8.125%, 6/15/14	$	145,125
			$	145,125

Industrial Equipment — 0.1%
		Chart Industries, Inc., Sr. Sub. Notes
	215	9.125%, 10/15/15	$	212,313
		ESCO Corp., Sr. Notes
160		8.625%, 12/15/13 (5)	153,600
		ESCO Corp., Sr. Notes, Variable Rate
160		8.866%, 12/15/13 (5)	142,400
			$	508,313
Insurance — 0.0%
		Alliant Holdings I, Inc.
	115	11.00%, 5/1/15 (5)	$	100,625
			$	100,625
Leisure Goods/Activities/Movies — 0.4%
		AMC Entertainment, Inc.
	305	11.00%, 2/1/16	$	288,225
		HRP Myrtle Beach Operations, LLC/HRP Myrtle Beach Capital Corp.
220		12.50%, 4/1/13 (5)	196,900
		HRP Myrtle Beach Operations, LLC/HRP Myrtle Beach Capital Corp., Variable Rate
405		9.894%, 4/1/12 (5)	354,375
		Marquee Holdings, Inc., Sr. Disc. Notes
610		9.505%, 8/15/14	448,350
		Universal City Development Partners, Sr. Notes
280		11.75%, 4/1/10	289,450
		Universal City Florida Holdings, Sr. Notes, Variable Rate
750		7.989%, 5/1/10	724,688
			$	2,301,988
Lodging and Casinos — 1.0%
		Buffalo Thunder Development Authority
	410	9.375%, 12/15/14 (5)	$	313,650
		CCM Merger, Inc.
260		8.00%, 8/1/13 (5)	228,800
		Chukchansi EDA, Sr. Notes, Variable Rate
310		8.238%, 11/15/12 (5)	277,450
		Fontainebleau Las Vegas Casino, LLC
525		10.25%, 6/15/15 (5)	380,625
		Galaxy Entertainment Finance
200		9.875%, 12/15/12 (5)	200,000
		Galaxy Entertainment Finance, Variable Rate
140		9.829%, 12/15/10 (5)	140,000
		Greektown Holdings, LLC, Sr. Notes
115		10.75%, 12/1/13 (5)	109,250
		Indianapolis Downs, LLC & Capital Corp., Sr. Notes
170		11.00%, 11/1/12 (5)	153,850
		Inn of the Mountain Gods, Sr. Notes
700		12.00%, 11/15/10	693,000
		Majestic Star Casino, LLC
380		9.50%, 10/15/10	336,300
150		12.50%, 10/15/11 (5)	90,750
		MGM Mirage, Inc.
180		7.50%, 6/1/16	168,300
		Mohegan Tribal Gaming Authority
145		6.875%, 2/15/15	122,888
		Mohegan Tribal Gaming Authority, Sr. Sub. Notes
55		8.00%, 4/1/12	53,625
		OED Corp./Diamond Jo, LLC
125		8.75%, 4/15/12	120,625
		Park Place Entertainment
365		7.875%, 3/15/10	343,100
		Pinnacle Entertainment
25		8.25%, 3/15/12	23,875
		Pinnacle Entertainment Inc., Sr. Sub. Notes
155		7.50%, 6/15/15 (5)	120,125

		Pokagon Gaming Authority, Sr. Notes
	112	10.375%, 6/15/14 (5)	$	117,040
		San Pasqual Casino
125		8.00%, 9/15/13 (5)	115,625
		Seminole Hard Rock Entertainment, Variable Rate
153		7.491%, 3/15/14 (5)	153,075
		Station Casinos, Inc.
60		7.75%, 8/15/16	50,250
		Station Casinos, Inc., Sr. Notes
130		6.00%, 4/1/12	110,500
		Trump Entertainment Resorts, Inc.
1,075		8.50%, 6/1/15	752,500
		Tunica-Biloxi Gaming Authority, Sr. Notes
345		9.00%, 11/15/15 (5)	343,275
		Turning Stone Resort Casinos, Sr. Notes
85		9.125%, 9/15/14 (5)	82,450
		Waterford Gaming, LLC, Sr. Notes
392		8.625%, 9/15/14 (5)	383,180
			$	5,984,108
Nonferrous Metals/Minerals — 0.3%
		Aleris International, Inc., Sr. Notes
	110	9.00%, 12/15/14	$	82,500
		Aleris International, Inc., Sr. Sub. Notes
630		10.00%, 12/15/16	435,488
		Alpha Natural Resources, Sr. Notes
90		10.00%, 6/1/12	94,950
		FMG Finance PTY, Ltd.
560		10.625%, 9/1/16 (5)	638,400
		FMG Finance PTY, Ltd., Variable Rate
220		9.124%, 9/1/11 (5)	220,000
			$	1,471,338
Oil and Gas — 1.2%
		Allis-Chalmers Energy, Inc., Sr. Notes
	480	9.00%, 1/15/14	$	441,600
		Cimarex Energy Co., Sr. Notes
135		7.125%, 5/1/17	132,975
		Clayton Williams Energy, Inc.
185		7.75%, 8/1/13	160,025
		Compton Pet Finance Corp.
410		7.625%, 12/1/13	383,350
		Denbury Resources, Inc., Sr. Sub. Notes
55		7.50%, 12/15/15	55,825
		El Paso Corp., Sr. Notes
245		9.625%, 5/15/12	269,282
		Encore Acquisition Co., Sr. Sub. Notes
175		7.25%, 12/1/17	167,563
		Forbes Energy Services
255		11.00%, 2/15/15 (5)	251,175
		Ocean Rig Norway AS, Sr. Notes
255		8.375%, 7/1/13 (5)	275,400
		OPTI Canada, Inc.
110		7.875%, 12/15/14 (5)	107,525
200		8.25%, 12/15/14 (5)	198,500
		Parker Drilling Co., Sr. Notes
110		9.625%, 10/1/13	117,150
		Petrohawk Energy Corp.
890		9.125%, 7/15/13	912,250
		Petroleum Development
135		12.00%, 2/15/18 (5)	136,013
		Petroplus Finance, Ltd.
380		7.00%, 5/1/17 (5)	342,950
		Plains Exploration & Production Co.
280		7.00%, 3/15/17	270,200

		Quicksilver Resources, Inc.
	235	7.125%, 4/1/16	$	226,188
		SemGroup L.P., Sr. Notes
605		8.75%, 11/15/15 (5)	565,675
		SESI, LLC
65		6.875%, 6/1/14	63,050
		Stewart & Stevenson, LLC, Sr. Notes
450		10.00%, 7/15/14	443,250
		United Refining Co., Sr. Notes
975		10.50%, 8/15/12	982,313
		VeraSun Energy Corp.
115		9.875%, 12/15/12	110,400
			$	6,612,659
Publishing — 0.3%
		Dex Media West/Finance, Series B
	105	9.875%, 8/15/13	$	88,463
		Harland Clarke Holdings
185		9.50%, 5/15/15	137,825
		Idearc, Inc., Sr. Notes
300		8.00%, 11/15/16	178,500
		Nielsen Finance, LLC
190		10.00%, 8/1/14	184,300
		R.H. Donnelley Corp.
660		8.875%, 10/15/17 (5)	389,400
		Reader’s Digest Association, Sr. Sub. Notes
665		9.00%, 2/15/17 (5)	482,125
			$	1,460,613
Radio and Television — 0.1%
		CanWest Media, Inc.
	265	8.00%, 9/15/12	$	250,390
		Rainbow National Services, LLC, Sr. Sub. Debs.
335		10.375%, 9/1/14 (5)	358,450
			$	608,840
Rail Industries — 0.1%
		American Railcar Industry
	195	7.50%, 3/1/14	$	179,400
		Kansas City Southern Mexico, Sr. Notes
275		7.625%, 12/1/13	260,563
65		7.375%, 6/1/14 (5)	60,531
			$	500,494
Retailers (Except Food and Drug) — 1.0%
		Amscan Holdings, Inc., Sr. Sub. Notes
	455	8.75%, 5/1/14	$	398,125
		GameStop Corp.
1,395		8.00%, 10/1/12	1,476,956
		Michaels Stores, Inc., Sr. Notes
275		10.00%, 11/1/14	241,656
		Michaels Stores, Inc., Sr. Sub. Notes
345		11.375%, 11/1/16	287,213
		Neiman Marcus Group, Inc.
345		9.00%, 10/15/15	345,000
1,440		10.375%, 10/15/15	1,441,800
		Sally Holdings, LLC, Sr. Notes
65		9.25%, 11/15/14	63,213
315		10.50%, 11/15/16	288,225
		Toys “R” Us
365		7.375%, 10/15/18	253,675
		Yankee Acquisition Corp., Series B
475		8.50%, 2/15/15	399,000
335		9.75%, 2/15/17	273,025
			$	5,467,888

Steel — 0.1%
		RathGibson, Inc.
	495	11.25%, 2/15/14	$		475,200
		Ryerson, Inc., Sr. Notes
30		12.00%, 11/1/15 (5)	28,350
		Ryerson, Inc., Sr. Notes, Variable Rate
20		10.614%, 11/1/14 (5)	18,600
		Steel Dynamics, Inc., Sr. Notes
225		7.375%, 11/1/12 (5)	228,938
			$		751,088
Surface Transport — 0.0%
		CEVA Group, PLC, Sr. Notes
	230	10.00%, 9/1/14 (5)	$		219,650
			$		219,650
Telecommunications — 0.9%
		Centennial Cellular Operating Co./Centennial Communication Corp., Sr. Notes
	265	10.125%, 6/15/13	$		268,975
		Digicel Group, Ltd., Sr. Notes
310		9.25%, 9/1/12 (5)	313,100
230		8.875%, 1/15/15 (5)	201,825
524		9.125%, 1/15/15 (5)	457,190
		Intelsat Bermuda, Ltd.
365		9.25%, 6/15/16	366,825
		Qwest Communications International, Inc.
1,450		7.50%, 2/15/14	1,417,375
		Qwest Corp., Sr. Notes
505		7.625%, 6/15/15	503,738
		Qwest Corp., Sr. Notes, Variable Rate
1,025		8.241%, 6/15/13	991,688
		Windstream Corp., Sr. Notes
215		8.125%, 8/1/13	215,538
65		8.625%, 8/1/16	66,463
		Windstream Regatta Holdings, Inc., Sr. Sub. Notes
100		11.00%, 12/1/17 (5)	78,500
			$		4,881,217
Utilities — 0.4%
		AES Corp.
	55	8.00%, 10/15/17	$		56,375
		Dynegy Holdings, Inc.
100		8.375%, 5/1/16	98,250
30		7.75%, 6/1/19	28,050
		Edison Mission Energy
25		7.50%, 6/15/13	25,750
		Energy Future Holdings, Sr. Notes
410		10.875%, 11/1/17 (5)	406,146
		NGC Corp.
430		7.625%, 10/15/26	367,650
		NRG Energy, Inc.
150		7.25%, 2/1/14	146,813
390		7.375%, 1/15/17	376,350
		NRG Energy, Inc., Sr. Notes
140		7.375%, 2/1/16	135,275
		Reliant Energy, Inc., Sr. Notes
20		7.625%, 6/15/14	19,850
		Texas Competitive Electric Holdings Co., LLC, Series A, Sr. Notes
270		10.25%, 11/1/15 (5)	264,600
		Texas Competitive Electric Holdings Co., LLC, Series B, Sr. Notes
220		10.25%, 11/1/15 (5)	215,600
			$	2,140,709
Total Corporate Bonds & Notes (identified cost 71,448,885)			$		66,024,579

Convertible Bonds — 0.1%

Principal
Amount		Security	Value
Aerospace and Defense — 0.1%
$	345,000	L-3 Communications Corp., 3.00%, 8/1/35 (5)	$	428,663
Total Convertible Bonds (identified cost $348,788)			$	428,663

Common Stocks — 0.0%

Shares			Security	Value
Lodging and Casinos — 0.0%
34,611			Trump Entertainment Resorts, Inc. (6)	$		139,136
Total Common Stocks (identified cost $427,071)				$		139,136

Convertible Preferred Stocks — 0.0%

Shares			Security	Value
		1,123	Chesapeake Energy Corp., 4.50%	$		130,717
479			Crown Castle International Corp., 6.25% (PIK)	26,944
Total Convertible Preferred Stocks (identified cost $131,740)				$		157,661

Asset Backed Securities — 0.7%

Principal
Amount
(000’s omitted)			Security	Value
$	760		Avalon Capital Ltd. 3, Series 1A, Class D, Variable Rate, 5.043%, 2/24/19 (5) (7)	$	585,585
1,000			Babson Ltd., Series 2005-1A, Class C1, Variable Rate, 6.208%, 4/15/19 (5) (7)	739,270
1,000			Bryant Park CDO Ltd., Series 2005-1A, Class C, Variable Rate, 6.308%, 1/15/19 (5) (7)	756,591
1,000			Centurion CDO 8 Ltd., Series 2005-8A, Class D, Variable Rate, 10.646%, 3/8/17 (7)	823,788
750			Centurion CDO 9 Ltd., Series 2005-9A, Class Note, 9.35%, 7/17/19 (7)	570,955
750			Comstock Funding Ltd., Series 2006-1A, Class D, Variable Rate, 7.34%, 5/30/20 (5) (7)	518,072
Total Asset Backed Securities (identified cost $5,035,920)				$	3,994,261

Closed-End Investment Companies — 2.8%

Shares			Security	Value
	173,420		BlackRock Floating Rate Income Strategies Fund II	$	2,557,945
89,541			BlackRock Floating Rate Income Strategies Fund, Inc.	1,340,429
20,864			BlackRock Global Floating Rate Income Trust Fund	310,456
2,933			First Trust/Four Corners Senior Floating Rate Income Fund	40,475
345,089			First Trust/Four Corners Senior Floating Rate Income Fund II	4,779,482
521,233			ING Prime Rate Trust	2,918,905
173,333			LMP Corporate Loan Fund, Inc.	1,800,930
50,753			Nuveen Floating Rate Income Fund	547,625
8,502			Nuveen Floating Rate Income Opportunity Fund	92,502
23,445			Nuveen Senior Income Fund	161,536
136			PIMCO Floating Rate Income Fund	2,002
1,620			PIMCO Floating Rate Strategy Fund	22,955
293			Pioneer Floating Rate Trust	4,240
268,136			Van Kampen Senior Income Trust	1,600,772
Total Closed-End Investment Companies (identified cost $20,142,984)				$	16,180,254

Short-Term Investments — 3.7%

	Interest
Description	(000’s omitted)		Value
Investment in Cash Management Portfolio, 3.37% (8)	$	21,384	$	21,384,252
Total Short-Term Investments (identified cost $21,384,252)			$	21,384,252
Total Investments — 175.2% (identified cost $1,123,240,678)			$	1,008,764,459
Less Unfunded Loan Commitments — (1.3)%			$	(7,329,021	)
Net Investments — 173.9% (identified cost $1,115,911,657)			$	1,001,435,438
Other Assets, Less Liabilities — 1.7%			$	9,709,155
Auction Preferred Shares Plus Cumulative Unpaid Dividends — (75.6)%			$	(435,329,081	)
Net Assets Applicable to Common Shares — 100.0%			$	575,815,512

DIP	—	Debtor in Possession
PIK	—	Payment-in-Kind
REIT	—	Real Estate Investment Trust
EUR	—	Euro
GBP	—	British Pound
*	—	In U.S. dollars unless otherwise indicated
(1)		Senior floating-rate interests often require prepayments from excess cash flows or permit the borrowers to repay at their 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)		This Senior Loan will settle after February 29, 2008, at which time the interest rate will be determined.
(3)		Unfunded or partially unfunded loan commitments. The Trust may enter into certain credit agreements all or a portion of which may be unfunded. The Trust is obligated to fund these commitments at the borrower’s discretion.
(4)		Security valued at fair value using methods determined in good faith by or at the direction of the Trustees.
(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 February 29, 2008, the aggregate value of the securities is $18,522,921 or 3.2% of the Trust’s net assets.
(6)		Non-income producing security.
(7)		Adjustable rate securities. Rates shown are the rates at period end.
(8)		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 February 29, 2008. Net income allocated from the Investment in Cash Management Portfolio for the fiscal year to date ended February 29, 2008 was $751,747.

A summary of financial instruments at February 29, 2008 is as follows:

Forward Foreign Currency Exchange Contracts

Sales

Settlement			Net Unrealized
Date(s)	Deliver	In Exchange For	Depreciation
3/31/08	British Pound Sterling 11,609,704	United States Dollar 23,003,003	$	(50,370		)
3/31/08	Euro 36,960,371	United States Dollar 55,077,975	(987,466			)
			$		(1,037,836	)

Credit Default Swaps

Counterparty

Reference Entity

Buy/Sell

Notional Amount
(000’s omitted)

Pay/Receive
Annual
Fixed Rate

Termination
Date

Net Unrealized
Appreciation

Lehman Brothers, Inc.

Inergy, L.P.

Buy

2,000

2.20

3/20/10

51,979

51,979

At February 29, 2008, the Trust had sufficient cash and/or securities to cover commitments under these contracts.

The cost and unrealized appreciation (depreciation) of investments of the Trust at February 29, 2008, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	1,116,126,380
Gross unrealized appreciation	$	1,706,981
Gross unrealized depreciation	(116,397,923		)
Net unrealized depreciation	$	(114,690,942	)

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/Scott H. Page
		Scott H. Page
		President

Date:		April 18, 2008

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/Scott H. Page
		Scott H. Page
		President

Date:		April 18, 2008

By:		/s/Barbara E. Campbell
		Barbara E. Campbell
		Treasurer

Date:		April 18, 2008