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:		February 28, 2006

Item 1. Schedule of Investments

Eaton Vance Floating-Rate Income Trust as of February 28, 2006

PORTFOLIO OF INVESTMENTS (Unaudited)

Senior, Floating Rate Interests — 136.7% (1)

Principal
Amount		Borrower/Tranche Description	Value
Aerospace and Defense — 3.1%
		Alliant Techsystems, Inc.
$	666,000	Term Loan, 5.78%, Maturing March 31, 2009	$	669,330
		CACI International, Inc.
4,189,802		Term Loan, 5.79%, Maturing May 3, 2011	4,236,938
		Delta Air Lines, Inc.
1,925,000		Term Loan, 13.51%, Maturing March 16, 2008	1,997,187
		Dresser Rand Group, Inc.
1,881,590		Term Loan, 6.75%, Maturing October 29, 2011	1,915,694
		Hexcel Corp.
785,111		Term Loan, 6.38%, Maturing March 1, 2012	793,944
		IAP Worldwide Services, Inc.
1,075,000		Term Loan, 7.63%, Maturing December 30, 2012	1,087,766
		K&F Industries, Inc.
754,637		Term Loan, 6.86%, Maturing November 18, 2012	764,778
		Mid-Western Aircraft Systems, Inc.
1,533,547		Term Loan, 6.85%, Maturing December 31, 2011	1,557,030
		Standard Aero Holdings, Inc.
2,957,575		Term Loan, 6.91%, Maturing August 24, 2012	2,940,016
		Transdigm, Inc.
2,954,918		Term Loan, 6.82%, Maturing July 22, 2010	2,998,781
		Vought Aircraft Industries, Inc.
1,307,576		Term Loan, 7.11%, Maturing December 22, 2011	1,322,123
		Wam Aquisition, S.A.
755,563		Term Loan, 7.28%, Maturing April 8, 2013	763,679
755,563		Term Loan, 7.78%, Maturing April 8, 2014	767,132
		Wyle Laboratories, Inc.
312,638		Term Loan, 7.44%, Maturing January 28, 2011	317,718
			$	22,132,116
Automotive — 7.0%
		Accuride Corp.
2,529,212		Term Loan, 6.55%, Maturing January 31, 2012	2,562,724
		AE Europe Group, LLC
949,881		Term Loan, 7.86%, Maturing October 11, 2011	959,973
		Affina Group, Inc.
1,271,502		Term Loan, 7.67%, Maturing November 30, 2011	1,261,171
		Axletech International Holding, Inc.
1,950,000		Term Loan, 10.95%, Maturing April 21, 2013	1,966,249
		Collins & Aikman Products Co.
698,478		Term Loan, 11.00%, Maturing August 31, 2011	675,903
		CSA Acquisition Corp.
443,551		Term Loan, 7.06%, Maturing December 23, 2011	446,213

$	713,539	Term Loan, 7.06%, Maturing December 23, 2011	$	717,820
500,000		Term Loan, 7.19%, Maturing December 23, 2012	503,359
		Dayco Products, LLC
1,521,316		Term Loan, 7.30%, Maturing June 23, 2011	1,541,759
		Exide Technologies, Inc.
483,925		Term Loan, 10.25%, Maturing May 5, 2010	487,555
489,856		Term Loan, 10.25%, Maturing May 5, 2010	493,530
		Federal-Mogul Corp.
2,997,402		Revolving Loan, 6.13%, Maturing December 9, 2006 (2)	2,832,920
2,000,000		Term Loan, 7.06%, Maturing December 9, 2006	1,896,250
4,717,351		Revolving Loan, 7.95%, Maturing December 9, 2006 (2)	4,732,093
563,750		Term Loan, 8.35%, Maturing December 9, 2006	566,569
		Goodyear Tire & Rubber Co.
2,500,000		Revolving Loan, 0.00%, Maturing April 30, 2010 (2)	2,488,542
980,000		Term Loan, 5.94%, Maturing April 30, 2010	990,762
3,290,000		Term Loan, 7.06%, Maturing April 30, 2010	3,340,034
1,000,000		Term Loan, 7.81%, Maturing March 1, 2011	1,013,500
		HLI Operating Co., Inc.
1,428,434		Term Loan, 7.78%, Maturing June 3, 2009	1,437,106
		Key Automotive Group
3,351,072		Term Loan, 7.65%, Maturing June 29, 2010	3,351,072
		Keystone Automotive Operations, Inc.
1,825,000		Term Loan, 7.11%, Maturing October 30, 2010	1,832,984
		R.J. Tower Corp.
1,925,000		DIP Revolving Loan, 7.25%, Maturing February 2, 2007	1,964,187
		TI Automotive, Ltd.
3,492,068		Term Loan, 7.94%, Maturing June 30, 2011	3,430,957
		TRW Automotive, Inc.
2,970,000		Term Loan, 6.00%, Maturing October 31, 2010	2,987,077
2,999,211		Term Loan, 6.25%, Maturing June 30, 2012	3,007,750
		United Components, Inc.
1,578,949		Term Loan, 7.22%, Maturing June 30, 2010	1,605,102
		Visteon Corp.
575,000		Term Loan, 9.18%, Maturing June 20, 2007	582,475
			$	49,675,636
Beverage and Tobacco — 2.1%
		Alliance One International, Inc.
878,363		Term Loan, 8.03%, Maturing May 13, 2010	883,303
		Constellation Brands, Inc.
4,375,728		Term Loan, 5.90%, Maturing November 30, 2011	4,437,535
		Culligan International Co.
3,697,650		Term Loan, 7.07%, Maturing September 30, 2011	3,750,804
		National Dairy Holdings, L.P.
833,700		Term Loan, 6.61%, Maturing March 15, 2012	838,390
		National Distribution Co.
875,000		Term Loan, 11.11%, Maturing June 22, 2010	877,187

		Southern Wine & Spirits of America, Inc.
$	2,949,713	Term Loan, 6.03%, Maturing June 1, 2012	$	2,981,514
		Sunny Delight Beverages Co.
737,994		Term Loan, 8.61%, Maturing August 20, 2010	732,459
			$	14,501,192
Building and Development — 8.6%
		AP-Newkirk Holdings, LLC
2,200,000		Term Loan, 7.07%, Maturing December 21, 2007	2,219,708
		Biomed Realty, L.P.
3,385,000		Term Loan, 6.82%, Maturing May 31, 2010	3,393,462
		Capital Automotive REIT
1,475,000		Term Loan, 6.34%, Maturing December 16, 2010	1,483,759
		DMB / CH II, LLC
425,600		Term Loan, 7.06%, Maturing September 9, 2009	426,664
		Epco / Fantome, LLC
1,700,000		Term Loan, 7.61%, Maturing November 23, 2010	1,704,250
		Formica Corp.
867,246		Term Loan, 9.57%, Maturing June 10, 2010	871,582
443,513		Term Loan, 9.57%, Maturing June 10, 2010	445,731
1,244,042		Term Loan, 9.57%, Maturing June 10, 2010	1,250,263
357,886		Term Loan, 9.57%, Maturing June 10, 2010	359,676
		FT-FIN Acquisition, LLC
1,372,784		Term Loan, 9.19%, Maturing November 17, 2007	1,376,216
		Gables GP, Inc.
1,593,605		Term Loan, 6.32%, Maturing September 30, 2006	1,603,851
		Hovstone Holdings, LLC
1,365,000		Term Loan, 6.90%, Maturing February 28, 2009	1,368,412
		Kyle Acquisition Group, LLC
528,783		Term Loan, 6.63%, Maturing July 20, 2010	532,419
		Landsource Communities, LLC
2,000,000		Term Loan, 7.13%, Maturing March 31, 2010	2,021,250
		LNR Property Corp.
3,005,453		Term Loan, 7.57%, Maturing February 3, 2008	3,036,448
1,027,850		Term Loan, 7.57%, Maturing February 3, 2008	1,034,274
		LNR Property Holdings Corp.
943,488		Term Loan, 9.07%, Maturing March 3, 2008	951,744
		Mueller Group, Inc.
2,842,875		Term Loan, 6.84%, Maturing October 3, 2012	2,881,203
		NCI Building Systems, Inc.
498,701		Term Loan, 6.13%, Maturing June 18, 2010	501,974
		Newkirk Master, L.P.
3,581,078		Term Loan, 6.38%, Maturing August 11, 2008	3,613,158
		Nortek, Inc.
5,023,500		Term Loan, 6.94%, Maturing August 27, 2011	5,070,595
		Panolam Industries Holdings, Inc.
698,250		Term Loan, 7.28%, Maturing September 30, 2012	703,487

		Shea Capital I, LLC
$	700,000	Term Loan, 6.69%, Maturing October 27, 2011	$	700,875
		South Edge, LLC
843,750		Term Loan, 6.57%, Maturing October 31, 2009	849,903
		St. Marys Cement, Inc.
5,897,242		Term Loan, 6.53%, Maturing December 4, 2010	5,993,073
		Stile Acquisition Corp.
2,249,837		Term Loan, 6.63%, Maturing April 6, 2013	2,214,683
		Stile U.S. Acquisition Corp.
2,253,669		Term Loan, 6.63%, Maturing April 6, 2013	2,218,456
		TE / Tousa Senior, LLC
1,700,000		Term Loan, 7.75%, Maturing July 29, 2008	1,714,875
		The Woodlands Community Property Co.
1,141,000		Term Loan, 6.78%, Maturing November 30, 2007	1,149,557
357,000		Term Loan, 8.78%, Maturing November 30, 2007	362,355
		Tousa / Kolter, LLC
2,305,000		Term Loan, 5.88%, Maturing January 7, 2008 (2)	2,316,525
		TRU 2005 RE Holding Co.
4,575,000		Term Loan, 7.57%, Maturing December 9, 2008	4,553,077
		Trustreet Properties, Inc.
1,640,000		Term Loan, 6.57%, Maturing April 8, 2010	1,656,400
			$	60,579,905
Business Equipment and Services — 5.9%
		Acco Brands Corp.
1,708,375		Term Loan, 6.37%, Maturing August 17, 2012	1,726,171
		Affinion Group, Inc.
2,524,884		Term Loan, 7.49%, Maturing October 17, 2012	2,524,884
		Allied Security Holdings, LLC
2,650,286		Term Loan, 8.28%, Maturing June 30, 2010	2,678,445
		Baker & Taylor, Inc.
2,000,000		Term Loan, 11.00%, Maturing May 6, 2011	2,020,000
		Buhrmann US, Inc.
1,456,530		Term Loan, 6.34%, Maturing December 31, 2010	1,477,013
		DynCorp International, LLC
1,359,725		Term Loan, 7.13%, Maturing February 11, 2011	1,374,455
		Global Imaging Systems, Inc.
496,222		Term Loan, 6.01%, Maturing May 10, 2010	499,943
		Info USA, Inc.
675,000		Term Loan, 8.25%, Maturing February 14, 2012	679,219
		Iron Mountain, Inc.
3,503,596		Term Loan, 6.56%, Maturing April 2, 2011	3,538,085
		Language Line, Inc.
4,458,496		Term Loan, 8.88%, Maturing June 11, 2011	4,491,935
		Mitchell International, Inc.
813,936		Term Loan, 6.53%, Maturing August 15, 2011	825,636

		Protection One, Inc.
$	1,024,141	Term Loan, 7.72%, Maturing April 18, 2011	$	1,035,022
		RGIS Holdings, LLC
1,275,000		Term Loan, 7.12%, Maturing February 15, 2013	1,275,000
		SGS International, Inc.
775,000		Term Loan, 7.18%, Maturing December 30, 2011	786,625
		Sungard Data Systems, Inc.
14,527,000		Term Loan, 7.22%, Maturing February 11, 2013	14,752,038
		Transaction Network Services, Inc.
869,764		Term Loan, 6.48%, Maturing May 4, 2012	874,113
		Western Inventory Services
575,000		Term Loan, 11.28%, Maturing October 14, 2011	579,312
		Williams Scotsman, Inc.
850,000		Term Loan, 6.91%, Maturing June 28, 2010	861,511
			$	41,999,407
Cable and Satellite Television — 7.7%
		Adelphia Communications Corp.
3,760,071		DIP Loan, 6.88%, Maturing March 31, 2006	3,778,871
		Atlantic Broadband Finance, LLC
4,000,000		Term Loan, 7.20%, Maturing September 1, 2011	4,072,500
		Bragg Communications, Inc.
2,181,775		Term Loan, 6.81%, Maturing August 31, 2011	2,206,320
		Bresnan Communications, LLC
1,884,762		Term Loan, 8.07%, Maturing September 30, 2010	1,892,420
		Canadian Cable Acquisition Co., Inc.
1,970,000		Term Loan, 7.53%, Maturing July 30, 2011	1,994,625
		Cebridge Connections, Inc.
1,969,925		Term Loan, 10.43%, Maturing February 23, 2010	2,048,722
		Charter Communications Operating, LLC
4,993,791		Term Loan, 7.67%, Maturing April 27, 2010	5,028,124
10,329,658		Term Loan, 7.92%, Maturing April 27, 2011	10,460,297
		Insight Midwest Holdings, LLC
980,000		Term Loan, 6.56%, Maturing December 31, 2009	994,812
		MCC Iowa, LLC
2,200,000		Term Loan, 5.87%, Maturing March 31, 2010	2,200,785
2,955,169		Term Loan, 6.69%, Maturing February 3, 2014	2,999,496
		Mediacom Illinois, LLC
4,108,500		Term Loan, 6.79%, Maturing March 31, 2013	4,170,127
		NTL, Inc.
5,000,000		Term Loan, 7.57%, Maturing April 13, 2012	5,028,125
		UGS Corp.
4,923,043		Term Loan, 6.61%, Maturing March 31, 2012	4,988,682
		UPC Broadband Holdings B.V.
2,660,000		Term Loan, 7.28%, Maturing September 30, 2012	2,695,389
			$	54,559,295

Chemicals and Plastics — 9.3%
		Basell Af S.A.R.L.
$	312,500	Term Loan, 7.31%, Maturing August 1, 2013	$	318,164
62,500		Term Loan, 7.31%, Maturing August 1, 2013	63,633
312,500		Term Loan, 7.67%, Maturing August 1, 2014	318,164
62,500		Term Loan, 7.67%, Maturing August 1, 2014	63,633
		Brenntag Holding GmbH and Co. KG
432,000		Term Loan, 7.07%, Maturing December 23, 2013	439,020
1,768,000		Term Loan, 7.07%, Maturing December 23, 2013	1,796,067
1,100,000		Term Loan, 11.07%, Maturing December 23, 2015	1,135,750
		Celanese Holdings, LLC
6,803,463		Term Loan, 6.53%, Maturing April 6, 2011	6,891,908
		Gentek, Inc.
621,475		Term Loan, 7.14%, Maturing February 25, 2011	626,816
895,000		Term Loan, 10.35%, Maturing February 25, 2012	901,153
		Hercules, Inc.
2,954,887		Term Loan, 6.31%, Maturing October 8, 2010	2,981,357
		Hexion Specialty Chemicals, Inc.
185,000		Term Loan, 4.29%, Maturing May 31, 2012	188,064
1,076,292		Term Loan, 7.06%, Maturing May 31, 2012	1,094,118
779,384		Term Loan, 7.13%, Maturing May 31, 2012	792,292
		Huntsman, LLC
6,456,295		Term Loan, 6.32%, Maturing August 16, 2012	6,501,689
		Ineos Group
1,800,000		Term Loan, 6.83%, Maturing December 14, 2013	1,825,875
1,800,000		Term Loan, 7.33%, Maturing December 14, 2014	1,825,875
		Innophos, Inc.
2,995,650		Term Loan, 6.82%, Maturing August 13, 2010	3,038,089
		Invista B.V.
7,875,000		Term Loan, 6.32%, Maturing April 30, 2010	7,973,437
		ISP Chemo, Inc.
2,450,000		Term Loan, 6.50%, Maturing February 16, 2013	2,450,000
		Kraton Polymer, LLC
1,845,433		Term Loan, 7.02%, Maturing December 23, 2010	1,873,114
		Mosaic Co.
1,588,000		Term Loan, 6.18%, Maturing February 21, 2012	1,605,269
		Nalco Co.
6,416,248		Term Loan, 6.34%, Maturing November 4, 2010	6,488,873
		PQ Corp.
580,613		Term Loan, 6.56%, Maturing February 11, 2012	588,233
		Professional Paint, Inc.
1,434,375		Term Loan, 7.38%, Maturing September 30, 2011	1,443,340
		Rockwood Specialties Group, Inc.
6,410,250		Term Loan, 6.67%, Maturing December 10, 2012	6,500,397
		Solo Cup Co.
4,909,750		Term Loan, 7.03%, Maturing February 27, 2011	4,961,916

		Wellman, Inc.
$	750,000	Term Loan, 8.68%, Maturing February 10, 2009	$	763,125
			$	65,449,371
Clothing / Textiles — 0.3%
		St. John Knits International, Inc.
786,376		Term Loan, 6.81%, Maturing March 23, 2012	797,189
		The William Carter Co.
1,344,566		Term Loan, 6.49%, Maturing July 14, 2012	1,360,813
			$	2,158,002
Conglomerates — 3.5%
		Amsted Industries, Inc.
1,748,725		Term Loan, 7.13%, Maturing October 15, 2010	1,775,685
		Blount, Inc.
536,141		Term Loan, 7.06%, Maturing August 9, 2010	541,726
		Euramax International, Inc.
680,337		Term Loan, 7.25%, Maturing June 28, 2012	682,038
501,316		Term Loan, 11.54%, Maturing June 28, 2013	482,516
248,684		Term Loan, 11.54%, Maturing June 28, 2013	239,359
		Goodman Global Holdings, Inc.
1,192,121		Term Loan, 6.94%, Maturing December 23, 2011	1,202,181
		Jarden Corp.
1,238,758		Term Loan, 6.28%, Maturing January 24, 2012	1,247,739
3,139,236		Term Loan, 6.53%, Maturing January 24, 2012	3,174,273
		Johnson Diversey, Inc.
4,295,225		Term Loan, 7.18%, Maturing December 16, 2011	4,346,231
		Polymer Group, Inc.
2,875,000		Term Loan, 6.77%, Maturing November 22, 2012	2,911,386
		PP Acquisition Corp.
4,000,683		Term Loan, 7.53%, Maturing November 12, 2011	4,035,689
		Rexnord Corp.
2,832,002		Term Loan, 6.89%, Maturing December 31, 2011	2,866,221
		US Investigations Services, Inc.
798,000		Term Loan, 7.00%, Maturing October 14, 2012	805,481
600,000		Term Loan, 7.04%, Maturing October 14, 2013	605,625
			$	24,916,150
Containers and Glass Products — 7.4%
		Berry Plastics Corp.
2,883,931		Term Loan, 6.45%, Maturing December 2, 2011	2,926,890
		BWAY Corp.
5,003,080		Term Loan, 6.81%, Maturing June 30, 2011	5,074,219
		Crown America, Inc.
700,000		Term Loan, 6.00%, Maturing November 15, 2012	705,687
		Dr. Pepper / Seven Up Bottling Group, Inc.
4,038,126		Term Loan, 6.57%, Maturing December 19, 2010	4,098,698

		Graham Packaging Holdings Co.
$	5,346,000	Term Loan, 6.84%, Maturing October 7, 2011	$	5,422,849
2,000,000		Term Loan, 8.81%, Maturing April 7, 2012	2,050,000
		Graphic Packaging International, Inc.
8,792,639		Term Loan, 6.98%, Maturing August 8, 2010	8,944,153
		IPG (US), Inc.
3,258,751		Term Loan, 6.74%, Maturing July 28, 2011	3,306,273
		JSG Acquisitions
2,055,000		Term Loan, 6.94%, Maturing December 31, 2013	2,053,972
2,055,000		Term Loan, 7.44%, Maturing December 13, 2014	2,053,972
		Kranson Industries, Inc.
2,570,850		Term Loan, 7.28%, Maturing July 30, 2011	2,602,986
		Owens-Illinois, Inc.
2,907,870		Term Loan, 6.36%, Maturing April 1, 2007	2,921,196
2,586,212		Term Loan, 6.39%, Maturing April 1, 2008	2,603,185
		Smurfit-Stone Container Corp.
656,041		Term Loan, 4.29%, Maturing November 1, 2010	665,021
1,649,825		Term Loan, 6.79%, Maturing November 1, 2011	1,673,129
748,125		Term Loan, 6.81%, Maturing November 1, 2011	758,692
4,707,776		Term Loan, 6.83%, Maturing November 1, 2011	4,774,273
			$	52,635,195
Cosmetics / Toiletries — 0.8%
		American Safety Razor Co.
941,976		Term Loan, 7.56%, Maturing February 28, 2012	956,106
		Prestige Brands, Inc.
2,461,187		Term Loan, 7.24%, Maturing April 6, 2011	2,490,414
		Revlon Consumer Products Corp.
1,859,375		Term Loan, 10.50%, Maturing July 9, 2010	1,916,900
			$	5,363,420
Drugs — 1.1%
		Patheon, Inc.
2,050,000		Term Loan, 6.91%, Maturing December 14, 2011	2,062,812
		Warner Chilcott Corp.
55,205		Term Loan, 7.36%, Maturing January 31, 2006	55,649
11,041		Term Loan, 7.44%, Maturing June 30, 2006	11,130
1,407,068		Term Loan, 7.28%, Maturing January 18, 2012	1,418,391
650,026		Term Loan, 7.28%, Maturing January 18, 2012	655,257
3,491,907		Term Loan, 7.36%, Maturing January 18, 2012	3,520,007
			$	7,723,246
Ecological Services and Equipment — 1.8%
		Alderwoods Group, Inc.
911,167		Term Loan, 6.38%, Maturing September 29, 2009	922,557
		Allied Waste Industries, Inc.
1,502,486		Term Loan, 4.31%, Maturing January 15, 2012	1,520,799
3,869,944		Term Loan, 6.44%, Maturing January 15, 2012	3,914,487

		Envirocare of Utah, LLC
$	1,576,136	Term Loan, 7.38%, Maturing April 15, 2010	$	1,594,196
500,000		Term Loan, 10.13%, Maturing April 15, 2012	510,833
		Environmental Systems, Inc.
1,856,203		Term Loan, 8.20%, Maturing December 12, 2008	1,891,588
		IESI Corp.
1,400,000		Term Loan, 6.63%, Maturing January 20, 2012	1,417,063
		Sensus Metering Systems, Inc.
829,636		Term Loan, 7.29%, Maturing December 17, 2010	838,711
107,254		Term Loan, 7.35%, Maturing December 17, 2010	108,427
			$	12,718,661
Electronics / Electrical — 3.9%
		AMI Semiconductor, Inc.
2,285,185		Term Loan, 6.11%, Maturing April 1, 2012	2,301,371
		Aspect Software, Inc.
1,200,000		Term Loan, 6.56%, Maturing September 22, 2010	1,213,876
		Avago Technologies Finance PTE
1,371,563		Term Loan, 7.07%, Maturing December 1, 2012	1,375,849
		Communications & Power, Inc.
1,775,550		Term Loan, 6.82%, Maturing July 23, 2010	1,792,565
		Enersys Capital, Inc.
1,970,000		Term Loan, 6.54%, Maturing March 17, 2011	1,994,625
		Fairchild Semiconductor Corp.
1,361,232		Term Loan, 6.31%, Maturing December 31, 2010	1,371,441
		Invensys International Holdings Limited
3,377,737		Term Loan, 7.79%, Maturing September 4, 2009	3,428,403
		Network Solutions, LLC
1,075,000		Term Loan, 11.50%, Maturing January 9, 2012	1,080,375
		Rayovac Corp.
3,855,195		Term Loan, 7.03%, Maturing February 7, 2012	3,908,203
		Security Co., Inc.
985,011		Term Loan, 9.50%, Maturing June 30, 2010	993,630
3,000,000		Term Loan, 12.06%, Maturing June 30, 2011	3,041,250
		SSA Global Technologies, Inc.
497,500		Term Loan, 6.52%, Maturing September 22, 2011	501,542
		Telcordia Technologies, Inc.
2,931,616		Term Loan, 7.31%, Maturing September 15, 2012	2,904,132
		Vertafore, Inc.
950,000		Term Loan, 10.87%, Maturing January 31, 2013	962,469
		Viasystems, Inc.
739,398		Term Loan, 8.83%, Maturing September 30, 2009	745,406
			$	27,615,137

Equipment Leasing — 1.5%
		Ashtead Group, PLC
$	2,970,000	Term Loan, 6.50%, Maturing November 12, 2009	$	3,003,412
		The Hertz Corp.
520,889		Term Loan, 0.00%, Maturing December 21, 2012 (2)	528,409
444,444		Term Loan, 4.50%, Maturing December 21, 2012	451,921
3,034,667		Term Loan, 6.89%, Maturing December 21, 2012	3,085,719
		United Rentals, Inc.
334,029		Term Loan, 4.39%, Maturing February 14, 2011	338,344
3,118,362		Term Loan, 6.86%, Maturing February 14, 2011	3,158,642
			$	10,566,447
Financial Intermediaries — 3.4%
		AIMCO Properties, L.P.
1,450,000		Term Loan, 6.35%, Maturing November 2, 2009	1,466,766
500,000		Term Loan, 6.65%, Maturing November 2, 2009	506,719
		Ameritrade Holding Corp.
4,700,000		Term Loan, 6.08%, Maturing December 31, 2012	4,734,371
		Coinstar, Inc.
5,000,060		Term Loan, 6.55%, Maturing July 7, 2011	5,053,186
		Fidelity National Information Solutions, Inc.
7,114,800		Term Loan, 6.32%, Maturing March 9, 2013	7,173,440
		LPL Holdings, Inc.
4,025,000		Term Loan, 7.88%, Maturing June 30, 2013	4,047,641
		The Macerich Partnership, L.P.
1,350,000		Term Loan, 6.13%, Maturing April 25, 2010	1,359,562
			$	24,341,685
Food Products — 1.7%
		Acosta, Inc.
3,700,000		Term Loan, 6.91%, Maturing December 6, 2012	3,750,875
		Chiquita Brands, LLC
761,175		Term Loan, 6.61%, Maturing June 28, 2012	770,056
		Del Monte Corp.
972,650		Term Loan, 6.14%, Maturing February 8, 2012	986,997
		Doane Pet Care Co.
598,500		Term Loan, 6.77%, Maturing October 21, 2012	607,477
		Dole Food Company, Inc.
1,210,415		Term Loan, 6.20%, Maturing April 18, 2012	1,218,305
		Herbalife International, Inc.
280,542		Term Loan, 6.40%, Maturing December 21, 2010	283,347
		Michael Foods, Inc.
600,000		Term Loan, 6.66%, Maturing November 21, 2010	608,500
		Pinnacle Foods Holdings Corp.
1,796,004		Term Loan, 7.78%, Maturing November 25, 2010	1,827,658

		Reddy Ice Group, Inc.
$	2,190,000	Term Loan, 6.32%, Maturing August 9, 2012	$	2,213,954
			$	12,267,169
Food Service — 3.5%
		AFC Enterprises, Inc.
905,450		Term Loan, 6.81%, Maturing May 11, 2011	916,768
		Buffets, Inc.
1,000,000		Term Loan, 3.60%, Maturing June 28, 2009	1,010,000
1,184,619		Term Loan, 8.19%, Maturing June 28, 2009	1,196,465
		Burger King Corp.
1,019,875		Term Loan, 6.13%, Maturing June 30, 2012	1,026,759
		Carrols Corp.
582,450		Term Loan, 7.00%, Maturing December 31, 2010	591,733
		CKE Restaurants, Inc.
2,029,426		Term Loan, 6.63%, Maturing May 1, 2010	2,053,526
		Denny’s, Inc.
2,524,523		Term Loan, 7.76%, Maturing September 30, 2009	2,572,910
		Domino’s, Inc.
6,299,813		Term Loan, 6.06%, Maturing June 25, 2010	6,369,376
		Gate Gourmet Borrower, LLC
477,504		Term Loan, 12.07%, Maturing December 31, 2008	478,549
1,197,579		Term Loan, 9.50%, Maturing December 31, 2009 (3)	1,556,852
		Jack in the Box, Inc.
982,456		Term Loan, 6.06%, Maturing January 8, 2011	992,894
		Weight Watchers International, Inc.
4,443,750		Term Loan, 6.10%, Maturing March 31, 2010	4,495,595
		Weightwatchers.com, Inc.
1,250,000		Term Loan, 9.49%, Maturing June 16, 2011	1,267,969
			$	24,529,396
Food / Drug Retailers — 2.0%
		General Nutrition Centers, Inc.
1,012,302		Term Loan, 7.70%, Maturing December 7, 2009	1,026,538
		Giant Eagle, Inc.
2,069,813		Term Loan, 6.07%, Maturing November 7, 2012	2,082,426
		Roundy’s Supermarkets, Inc.
3,825,000		Term Loan, 7.61%, Maturing November 3, 2011	3,856,556
		The Jean Coutu Group (PJC), Inc.
5,892,654		Term Loan, 6.94%, Maturing July 30, 2011	5,970,402
		The Pantry, Inc.
900,000		Term Loan, 6.39%, Maturing January 2, 2012	910,687
			$	13,846,609
Forest Products — 2.1%
		Appleton Papers, Inc.
3,608,426		Term Loan, 6.58%, Maturing June 11, 2010	3,649,472

		Boise Cascade Holdings, LLC
$	3,515,269	Term Loan, 6.29%, Maturing October 29, 2011	$	3,564,602
		Buckeye Technologies, Inc.
2,276,497		Term Loan, 6.46%, Maturing March 15, 2008	2,283,611
		NewPage Corp.
2,885,500		Term Loan, 7.56%, Maturing May 2, 2011	2,928,782
		RLC Industries Co.
1,238,335		Term Loan, 6.03%, Maturing February 24, 2010	1,245,300
		Xerium Technologies, Inc.
1,467,407		Term Loan, 6.78%, Maturing November 19, 2011	1,466,032
			$	15,137,799
Healthcare — 9.2%
		Accellent, Inc.
380,000		Term Loan, 6.80%, Maturing November 22, 2012	383,919
		Alliance Imaging, Inc.
500,000		Term Loan, 7.18%, Maturing December 29, 2011	500,812
		Ameripath, Inc.
970,000		Term Loan, 6.57%, Maturing October 31, 2012	982,580
		AMN Healthcare, Inc.
600,000		Term Loan, 6.53%, Maturing November 2, 2011	607,688
		AMR HoldCo, Inc.
613,532		Term Loan, 6.84%, Maturing February 10, 2012	621,201
		Carl Zeiss Topco GMBH
410,000		Term Loan, 6.95%, Maturing February 28, 2013	413,587
820,000		Term Loan, 7.45%, Maturing February 28, 2014	826,150
375,000		Term Loan, 9.70%, Maturing August 31, 2014	382,500
		Colgate Medical, Ltd.
141,148		Term Loan, 6.60%, Maturing December 30, 2008	141,942
		Community Health Systems, Inc.
9,612,350		Term Loan, 6.56%, Maturing August 19, 2011	9,744,520
		Concentra Operating Corp.
2,668,313		Term Loan, 6.69%, Maturing September 30, 2011	2,704,447
		Davita, Inc.
8,054,813		Term Loan, 6.79%, Maturing October 5, 2012	8,182,344
		Encore Medical IHC, Inc.
1,626,490		Term Loan, 7.54%, Maturing October 4, 2010	1,644,788
		FGX International, Inc.
590,077		Term Loan, 8.50%, Maturing December 12, 2012	575,325
		FHC Health Systems, Inc.
2,000,000		Term Loan, 13.41%, Maturing February 7, 2011	2,035,000
		Genoa Healthcare Group, LLC
453,976		Term Loan, 7.75%, Maturing August 12, 2012	459,651
		Hanger Orthopedic Group, Inc.
2,462,214		Term Loan, 8.27%, Maturing September 30, 2009	2,499,147
		Healthcare Partners, LLC
437,938		Term Loan, 6.89%, Maturing March 2, 2011	442,454

		Healthsouth Corp.
$	1,574,426	Term Loan, 7.11%, Maturing June 14, 2007	$	1,581,807
434,043		Term Loan, 2.50%, Maturing March 21, 2010	436,078
		Iasis Healthcare, LLC
3,940,000		Term Loan, 6.79%, Maturing June 22, 2011	3,998,280
		Kinetic Concepts, Inc.
1,402,543		Term Loan, 6.28%, Maturing August 11, 2010	1,419,490
		Leiner Health Products, Inc.
2,462,500		Term Loan, 7.70%, Maturing May 27, 2011	2,499,437
		Lifecare Holdings, Inc.
972,563		Term Loan, 6.82%, Maturing August 11, 2012	886,248
		Lifepoint Hospitals, Inc.
4,417,704		Term Loan, 6.19%, Maturing April 15, 2012	4,449,304
		Magellan Health Services, Inc.
2,162,162		Term Loan, 4.45%, Maturing August 15, 2008	2,186,486
2,702,703		Term Loan, 6.74%, Maturing August 15, 2008	2,733,108
		Matria Healthcare, Inc.
96,154		Term Loan, 7.02%, Maturing January 19, 2007	96,454
600,000		Term Loan, 8.75%, Maturing January 19, 2007	612,750
203,846		Term Loan, 6.90%, Maturing January 19, 2012	206,139
		Medcath Holdings Corp.
428,762		Term Loan, 7.11%, Maturing July 2, 2011	431,441
		National Mentor, Inc.
873,671		Term Loan, 7.08%, Maturing September 30, 2011	885,412
		PER-SE Technologies, Inc.
1,168,678		Term Loan, 6.79%, Maturing January 6, 2013	1,186,208
		Renal Advantage, Inc.
374,063		Term Loan, 7.07%, Maturing October 5, 2012	377,920
		Select Medical Holding Corp.
2,346,041		Term Loan, 6.52%, Maturing February 24, 2012	2,316,715
		Sunrise Medical Holdings, Inc.
1,000,000		Term Loan, 7.89%, Maturing May 13, 2010	1,001,250
		Talecris Biotherapeutics, Inc.
1,116,563		Term Loan, 8.02%, Maturing March 31, 2010	1,113,771
		Vanguard Health Holding Co., LLC
1,361,276		Term Loan, 6.95%, Maturing September 23, 2011	1,380,206
		VWR International, Inc.
1,996,000		Term Loan, 7.12%, Maturing April 7, 2011	2,027,188
			$	64,973,747
Home Furnishings — 1.5%
		Knoll, Inc.
2,079,788		Term Loan, 6.53%, Maturing October 3, 2012	2,112,284
		National Bedding Company, LLC
550,000		Term Loan, 9.53%, Maturing August 31, 2012	558,250
		Sealy Mattress Co.
2,731,858		Term Loan, 6.29%, Maturing April 6, 2012	2,766,433

		Simmons Co.
$	4,994,757	Term Loan, 7.36%, Maturing December 19, 2011		$	5,062,655
				$	10,499,622
Industrial Equipment — 1.1%
		Alliance Laundry Holdings, LLC
522,150		Term Loan, 6.73%, Maturing January 27, 2012		529,656
		Douglas Dynamics Holdings, Inc.
1,006,952		Term Loan, 6.28%, Maturing December 16, 2010		1,022,057
		Flowserve Corp.
2,270,576		Term Loan, 6.36%, Maturing August 10, 2012		2,302,151
		Gleason Corp.
485,340		Term Loan, 7.12%, Maturing July 27, 2011		491,407
1,990,000		Term Loan, 10.08%, Maturing January 31, 2012		2,024,825
		Itron, Inc.
202,703		Term Loan, 7.00%, Maturing December 17, 2010		203,970
		Mainline, L.P.
1,337,778		Term Loan, 6.88%, Maturing December 17, 2011		1,347,811
				$	7,921,877
Insurance — 1.2%
		ARG Holdings, Inc.
1,400,000		Term Loan, 11.67%, Maturing November 30, 2012		1,421,000
		CCC Information Services Group
775,000		Term Loan, 7.07%, Maturing February 10, 2013		786,868
		Conseco, Inc.
3,633,198		Term Loan, 6.57%, Maturing June 22, 2010		3,669,530
		U.S.I. Holdings Corp.
967,632		Term Loan, 7.07%, Maturing August 11, 2007		971,866
1,381,050		Term Loan, 7.07%, Maturing August 11, 2008		1,387,092
				$	8,236,356
Leisure Goods / Activities / Movies — 7.7%
		24 Hour Fitness Worldwide, Inc.
1,865,000		Term Loan, 7.62%, Maturing June 8, 2012	1,895,306
		Alliance Atlantis Communications, Inc.
692,765		Term Loan, 6.11%, Maturing December 20, 2011	699,982
		AMC Entertainment, Inc.
2,100,000		Term Loan, 6.71%, Maturing January 26, 2013	2,123,789
		Cinemark, Inc.
4,917,425		Term Loan, 6.53%, Maturing March 31, 2011	4,995,489
		Deluxe Entertainment Services
1,050,000		Term Loan, 8.33%, Maturing January 28, 2011	1,086,750
		Fender Musical Instruments Co.
785,000		Term Loan, 8.72%, Maturing March 30, 2012	794,812
		HEI Acquisition, LLC
650,000		Term Loan, 7.08%, Maturing December 31, 2011	657,312

		Mega Blocks, Inc.
$	1,815,875	Term Loan, 6.44%, Maturing July 26, 2012	$	1,836,304
		Metro-Goldwyn-Mayer Holdings, Inc.
10,220,000		Term Loan, 6.78%, Maturing April 8, 2012	10,351,818
		Regal Cinemas Corp.
9,558,836		Term Loan, 6.53%, Maturing November 10, 2010	9,678,924
		Riddell Bell Holdings, Inc.
987,500		Term Loan, 7.03%, Maturing September 30, 2011	991,203
		Six Flags Theme Parks, Inc.
7,982,556		Term Loan, 7.11%, Maturing June 30, 2009	8,087,950
		Southwest Sports Group, LLC
2,000,000		Term Loan, 7.07%, Maturing December 22, 2010	2,025,000
		Universal City Development Partners, Ltd.
2,059,200		Term Loan, 6.67%, Maturing June 9, 2011	2,087,086
		WMG Acquisition Corp.
6,433,455		Term Loan, 6.67%, Maturing February 28, 2011	6,513,371
		Yankees Holdings & YankeeNets, LLC
628,571		Term Loan, 7.03%, Maturing June 25, 2007	631,714
			$	54,456,810
Lodging and Casinos — 3.8%
		Alliance Gaming Corp.
2,775,547		Term Loan, 8.18%, Maturing September 4, 2009	2,805,905
		Ameristar Casinos, Inc.
1,225,000		Term Loan, 6.19%, Maturing November 10, 2012	1,238,016
		CCM Merger, Inc.
1,588,273		Term Loan, 6.57%, Maturing July 13, 2012	1,603,163
		Columbia Entertainment
338,438		Term Loan, 7.03%, Maturing October 24, 2011	341,082
		Globalcash Access, LLC
656,910		Term Loan, 6.86%, Maturing March 10, 2010	665,943
		Isle of Capri Casinos, Inc.
2,504,700		Term Loan, 6.29%, Maturing February 4, 2011	2,540,079
		Penn National Gaming, Inc.
7,256,813		Term Loan, 5.74%, Maturing October 3, 2012	7,363,401
		Pinnacle Entertainment, Inc.
800,000		Term Loan, 0.00%, Maturing December 14, 2011 (2)	804,250
700,000		Term Loan, 6.57%, Maturing December 14, 2011	707,438
		Resorts International Holdings, LLC
1,191,833		Term Loan, 7.53%, Maturing April 26, 2012	1,190,343
1,447,983		Term Loan, 12.03%, Maturing April 26, 2013	1,348,434
		Venetian Casino Resort, LLC
3,770,887		Term Loan, 6.28%, Maturing June 15, 2011	3,811,835
777,502		Term Loan, 6.28%, Maturing June 15, 2011	785,945
		Wynn Las Vegas, LLC
1,370,000		Term Loan, 6.74%, Maturing December 14, 2011	1,385,555
			$	26,591,389

Nonferrous Metals / Minerals — 2.6%
		Alpha Natural Resources, LLC
$	975,000	Term Loan, 6.32%, Maturing October 26, 2012	$	982,922
		Carmeuse Lime, Inc.
673,750		Term Loan, 6.43%, Maturing May 2, 2011	677,119
		Foundation Coal Corp.
5,249,521		Term Loan, 6.35%, Maturing July 30, 2011	5,338,837
		ICG, LLC
88,348		Term Loan, 7.41%, Maturing November 5, 2010	88,321
		International Mill Service, Inc.
2,000,000		Term Loan, 10.53%, Maturing October 26, 2011	2,030,000
		Magnequench International, Inc.
2,288,625		Term Loan, 8.00%, Maturing August 31, 2009	2,294,347
		Murray Energy Corp.
970,200		Term Loan, 7.61%, Maturing January 28, 2010	972,626
		Novelis, Inc.
1,372,278		Term Loan, 6.44%, Maturing January 6, 2012	1,390,075
2,386,270		Term Loan, 6.44%, Maturing January 6, 2012	2,417,217
		Stillwater Mining Co.
365,466		Term Loan, 6.88%, Maturing June 30, 2007	370,034
		Trout Coal Holdings, LLC
1,600,000		Term Loan, 11.24%, Maturing March 23, 2012	1,584,000
			$	18,145,498
Oil and Gas — 4.6%
		Coffeyville Resources, LLC
850,000		Term Loan, 11.31%, Maturing June 24, 2013	878,422
		Dresser, Inc.
945,122		Term Loan, 7.11%, Maturing March 31, 2007	961,662
		El Paso Corp.
2,205,750		Term Loan, 4.29%, Maturing November 23, 2009	2,229,338
3,602,725		Term Loan, 7.31%, Maturing November 23, 2009	3,649,009
		Epco Holdings, Inc.
2,262,150		Term Loan, 6.54%, Maturing August 18, 2010	2,293,255
		Key Energy Services, Inc.
1,335,000		Term Loan, 7.68%, Maturing June 30, 2012	1,355,859
		LB Pacific, L.P.
1,625,231		Term Loan, 7.09%, Maturing March 3, 2012	1,649,610
		Lyondell-Citgo Refining, L.P.
3,447,500		Term Loan, 6.53%, Maturing May 21, 2007	3,481,975
		Petroleum Geo-Services ASA
2,650,000		Term Loan, 7.00%, Maturing December 16, 2012	2,685,611
		Targa Resources, Inc.
1,855,000		Term Loan, 6.83%, Maturing October 31, 2007	1,864,275
1,410,000		Term Loan, 4.40%, Maturing October 31, 2012	1,429,681
2,528,663		Term Loan, 7.09%, Maturing October 31, 2012	2,563,958

		Universal Compression, Inc.
$	1,141,377	Term Loan, 6.03%, Maturing February 15, 2012	$	1,155,074
		Williams Production RMT Co.
6,399,548		Term Loan, 6.82%, Maturing May 30, 2008	6,477,546
			$	32,675,275
Publishing — 5.7%
		American Media Operations, Inc.
1,000,000		Term Loan, 7.38%, Maturing January 31, 2013	1,012,813
		CBD Media, LLC
3,886,975		Term Loan, 6.99%, Maturing December 31, 2009	3,947,709
		Dex Media East, LLC
4,090,901		Term Loan, 6.36%, Maturing May 8, 2009	4,131,810
		Dex Media West, LLC
3,673,868		Term Loan, 6.34%, Maturing March 9, 2010	3,711,756
		F&W Publications
1,000,000		Term Loan, 7.47%, Maturing August 5, 2012	992,500
		Hanley-Wood, LLC
60,927		Term Loan, 0.00%, Maturing August 1, 2012 (2)	61,257
514,073		Term Loan, 6.67%, Maturing August 1, 2012	516,858
		Herald Media, Inc.
1,000,000		Term Loan, 10.28%, Maturing January 22, 2012	1,012,188
		Liberty Group Operating, Inc.
1,479,942		Term Loan, 6.88%, Maturing February 28, 2012	1,494,464
		Medianews Group, Inc.
557,788		Term Loan, 5.85%, Maturing August 25, 2010	559,416
		Merrill Communications, LLC
5,481,926		Term Loan, 6.86%, Maturing May 5, 2011	5,544,453
		Nebraska Book Co., Inc.
1,466,344		Term Loan, 6.52%, Maturing March 4, 2011	1,484,674
		R.H. Donnelley Corp.
154,591		Term Loan, 6.28%, Maturing December 31, 2009	155,338
9,802,112		Term Loan, 6.26%, Maturing June 30, 2011	9,892,125
		Source Media, Inc.
1,400,473		Term Loan, 6.85%, Maturing November 8, 2011	1,419,729
		Xerox Corp.
2,000,000		Term Loan, 6.35%, Maturing September 30, 2008	2,017,708
		Xsys US, Inc.
1,254,256		Term Loan, 6.77%, Maturing December 31, 2012	1,266,015
1,281,126		Term Loan, 7.27%, Maturing December 31, 2013	1,299,542
			$	40,520,355
Radio and Television — 6.3%
		Adams Outdoor Advertising, L.P.
3,545,891		Term Loan, 6.62%, Maturing November 18, 2012	3,597,601
		ALM Media Holdings, Inc.
1,191,000		Term Loan, 7.03%, Maturing March 5, 2010	1,193,978

		Block Communications, Inc.
$	950,000	Term Loan, 6.53%, Maturing December 22, 2011	$	963,063
		DirecTV Holdings, LLC
3,993,333		Term Loan, 6.05%, Maturing April 13, 2013	4,043,873
		Emmis Operating Co.
1,316,327		Term Loan, 6.32%, Maturing November 10, 2011	1,326,302
		Entravision Communications Corp.
1,471,313		Term Loan, 6.03%, Maturing September 29, 2013	1,482,808
		Gray Television, Inc.
1,425,000		Term Loan, 6.03%, Maturing November 22, 2015	1,436,400
		HIT Entertainment, Inc.
1,318,375		Term Loan, 6.86%, Maturing March 20, 2012	1,329,252
		NEP Supershooters, L.P.
1,916,927		Term Loan, 12.53%, Maturing August 3, 2011	1,907,343
		Nexstar Broadcasting, Inc.
2,038,103		Term Loan, 6.28%, Maturing October 1, 2012	2,050,417
2,074,688		Term Loan, 6.28%, Maturing October 1, 2012	2,087,223
		NextMedia Operating, Inc.
310,760		Term Loan, 6.57%, Maturing November 15, 2012	313,479
138,115		Term Loan, 6.57%, Maturing November 15, 2012	139,324
		PanAmSat Corp.
6,880,035		Term Loan, 6.49%, Maturing August 20, 2011	6,972,489
		Patriot Media and Communications CNJ, LLC
600,000		Term Loan, 9.46%, Maturing October 6, 2013	613,969
		Paxson Communcations Corp.
2,775,000		Term Loan, 7.78%, Maturing January 15, 2012	2,783,672
		Rainbow National Services, LLC
3,573,000		Term Loan, 7.56%, Maturing March 31, 2012	3,621,014
		Raycom TV Broadcasting, Inc.
2,000,000		Term Loan, 3.81%, Maturing October 6, 2011	2,006,250
4,000,000		Term Loan, 4.56%, Maturing February 24, 2012	4,027,500
		SFX Entertainment
1,575,000		Term Loan, 6.82%, Maturing June 21, 2013	1,577,953
		Young Broadcasting, Inc.
810,925		Term Loan, 6.81%, Maturing November 3, 2012	813,966
			$	44,287,876
Rail Industries — 0.7%
		Kansas City Southern Industries, Inc.
757,350		Term Loan, 6.08%, Maturing March 30, 2008	761,768
		Railamerica, Inc.
3,829,898		Term Loan, 7.06%, Maturing September 29, 2011	3,890,537
452,731		Term Loan, 7.06%, Maturing September 29, 2011	459,899
			$	5,112,204

Retailers (Except Food and Drug) — 5.7%
		Advance Stores Company, Inc.
$	163,511	Term Loan, 6.11%, Maturing September 30, 2010	$	165,147
97,199		Term Loan, 6.13%, Maturing September 30, 2010	98,171
		Alimentation Couche-Tard, Inc.
3,617,857		Term Loan, 6.38%, Maturing December 17, 2010	3,664,589
		American Achievement Corp.
1,990,320		Term Loan, 6.92%, Maturing March 25, 2011	2,025,151
		Amscan Holdings, Inc.
1,600,000		Term Loan, 7.77%, Maturing December 23, 2012	1,586,000
		Coinmach Laundry Corp.
3,900,000		Term Loan, 7.13%, Maturing December 15, 2012	3,965,001
		FTD, Inc.
1,360,734		Term Loan, 6.92%, Maturing February 28, 2011	1,377,318
		Harbor Freight Tools USA, Inc.
2,230,621		Term Loan, 6.82%, Maturing July 15, 2010	2,256,273
		Home Interiors & Gifts, Inc.
2,822,835		Term Loan, 9.81%, Maturing March 31, 2011	2,632,293
		Josten’s Corp.
5,424,563		Term Loan, 6.78%, Maturing October 4, 2010	5,504,803
		Mapco Express, Inc.
673,615		Term Loan, 7.26%, Maturing April 28, 2011	682,877
		Mauser Werke GMBH & Co. KG
1,300,000		Term Loan, 7.52%, Maturing December 3, 2011	1,308,125
		Movie Gallery, Inc.
1,179,075		Term Loan, 8.28%, Maturing April 27, 2011	1,093,715
		Neiman Marcus Group, Inc.
1,020,570		Term Loan, 6.95%, Maturing April 5, 2013	1,036,516
		Oriental Trading Co., Inc.
2,163,253		Term Loan, 6.81%, Maturing August 4, 2010	2,182,181
		Rent-A-Center, Inc.
3,949,875		Term Loan, 6.27%, Maturing June 30, 2010	3,995,792
		Savers, Inc.
720,993		Term Loan, 7.61%, Maturing August 4, 2009	728,653
1,500,000		Term Loan, 12.22%, Maturing August 4, 2010	1,531,875
		Sears Canada, Inc.
1,000,000		Term Loan, 0.00%, Maturing December 22, 2012 (2)	1,011,250
		Travelcenters of America, Inc.
3,440,000		Term Loan, 6.28%, Maturing November 30, 2008	3,479,990
			$	40,325,720
Steel — 0.1%
		Gibraltar Industries, Inc.
975,000		Term Loan, 6.28%, Maturing December 8, 2010	982,313
			$	982,313

Surface Transport — 0.7%
		Horizon Lines, LLC
$	2,979,625	Term Loan, 6.78%, Maturing July 7, 2011	$	3,021,837
		Sirva Worldwide, Inc.
2,074,246		Term Loan, 8.56%, Maturing December 1, 2010	2,003,375
			$	5,025,212
Telecommunications — 5.2%
		AAT Communications Corp.
1,370,000		Term Loan, 7.56%, Maturing July 29, 2013	1,379,419
		Alaska Communications Systems Holdings, Inc.
1,105,000		Term Loan, 6.28%, Maturing February 11, 2012	1,115,498
		Cellular South, Inc.
1,325,770		Term Loan, 6.37%, Maturing May 4, 2011	1,344,000
		Centennial Cellular Operating Co., LLC
4,594,820		Term Loan, 6.64%, Maturing February 9, 2011	4,662,465
		Cincinnati Bell, Inc.
723,188		Term Loan, 6.17%, Maturing August 31, 2012	729,403
		Consolidated Communications, Inc.
4,496,651		Term Loan, 6.34%, Maturing April 14, 2011	4,548,174
		D&E Communications, Inc.
1,472,160		Term Loan, 6.72%, Maturing December 31, 2011	1,488,721
		Fairpoint Communications, Inc.
3,235,000		Term Loan, 6.31%, Maturing February 8, 2012	3,260,880
		Hawaiian Telcom Communications, Inc.
830,000		Term Loan, 6.78%, Maturing October 31, 2012	837,930
		Intelsat, Ltd.
1,994,962		Term Loan, 6.31%, Maturing July 28, 2011	2,018,030
		Iowa Telecommunications Services
688,000		Term Loan, 6.30%, Maturing November 23, 2011	695,998
		IPC Acquisition Corp.
499,866		Term Loan, 7.21%, Maturing August 5, 2011	506,427
		Madison River Capital, LLC
600,000		Term Loan, 6.80%, Maturing July 31, 2012	606,938
		NTelos, Inc.
1,341,450		Term Loan, 7.11%, Maturing February 18, 2011	1,356,206
		Qwest Corp.
4,000,000		Term Loan, 9.32%, Maturing June 4, 2007	4,109,500
		Triton PCS, Inc.
3,194,072		Term Loan, 7.86%, Maturing November 18, 2009	3,215,533
		Valor Telecom Enterprise, LLC
3,148,667		Term Loan, 6.32%, Maturing February 14, 2012	3,159,492
		Westcom Corp.
906,445		Term Loan, 7.54%, Maturing December 17, 2010	908,145
1,000,000		Term Loan, 11.79%, Maturing May 17, 2011	1,017,500
			$	36,960,259

Utilities — 3.9%
		Allegheny Energy Supply Co., LLC
$	4,445,491	Term Loan, 5.63%, Maturing July 21, 2011	$	4,481,215
		Cellnet Technology, Inc.
651,725		Term Loan, 7.53%, Maturing April 26, 2012	662,316
		Cogentrix Delaware Holdings, Inc.
1,025,861		Term Loan, 6.28%, Maturing April 14, 2012	1,037,509
		Covanta Energy Corp.
1,160,976		Term Loan, 4.53%, Maturing June 24, 2012	1,181,293
783,018		Term Loan, 7.53%, Maturing June 24, 2012	796,721
800,000		Term Loan, 10.05%, Maturing June 24, 2013	815,000
		KGen, LLC
992,500		Term Loan, 7.15%, Maturing August 5, 2011	992,500
		La Paloma Generating Co., LLC
330,469		Term Loan, 6.28%, Maturing August 16, 2012	334,063
26,320		Term Loan, 6.28%, Maturing August 16, 2012	26,606
55,738		Term Loan, 6.33%, Maturing August 16, 2012	56,344
		Mirant North America, LLC
1,225,000		Term Loan, 6.32%, Maturing January 3, 2013	1,236,156
		NRG Energy, Inc.
8,850,000		Term Loan, 6.57%, Maturing February 1, 2013	8,958,784
2,050,000		Term Loan, 6.62%, Maturing February 1, 2013	2,070,980
		Pike Electric, Inc.
577,500		Term Loan, 6.13%, Maturing July 1, 2012	584,719
2,127,280		Term Loan, 6.13%, Maturing July 1, 2012	2,153,871
		Plains Resources, Inc.
684,347		Term Loan, 6.75%, Maturing August 12, 2011	689,908
		Reliant Energy, Inc.
661,724		Term Loan, 6.09%, Maturing December 22, 2010	661,052
		Wolf Hollow I L.P.
450,000		Term Loan, 6.72%, Maturing June 22, 2012	454,922
450,000		Term Loan, 6.75%, Maturing June 22, 2012	454,922
			$	27,648,881
Total Senior, Floating Rate Interests (identified cost $960,254,761)			$	967,079,232

Corporate Bonds & Notes — 13.9%

Principal Amount (000's omitted)		Security	Value
Aerospace and Defense — 0.3%
		Argo Tech Corp., Sr. Notes
$	1,500	9.25%, 6/1/11	$	1,597,500
		DRS Technologies, Inc.
90		7.625%, 2/1/18	92,925

		Sequa Corp.
$	500	8.875%, 4/1/08	$	526,250
			$	2,216,675
Automotive — 0.7%
		Altra Industrial Motion, Inc.
70		9.75%, 12/1/11	70,000
		Arvin Industries, Inc., Sr. Notes
65		6.75%, 3/15/08	66,219
		ArvinMeritor, Inc.
255		6.625%, 6/15/07	258,825
		Commercial Vehicle Group, Inc., Sr. Notes
110		8.00%, 7/1/13 (5)	110,000
		Dana Credit Corp.
110		8.375%, 8/15/07 (5)	96,800
		Ford Motor Credit Co.
220		6.50%, 1/25/07	217,364
795		7.375%, 10/28/09	734,927
375		7.875%, 6/15/10	347,130
		Ford Motor Credit Co., Variable Rate
1,100		7.68%, 11/2/07	1,079,231
		General Motors Acceptance Corp.
270		6.125%, 9/15/06	266,771
45		7.00%, 2/1/12	40,382
755		8.00%, 11/1/31	691,263
		Keystone Automotive Operations, Inc., Sr. Sub. Notes
455		9.75%, 11/1/13	399,262
		Metaldyne Corp.
220		10.00%, 11/1/13	202,400
		Tenneco Automotive, Inc., Series B
45		10.25%, 7/15/13	50,062
		Tenneco Automotive, Inc., Sr. Sub. Notes
280		8.625%, 11/15/14	280,000
		Visteon Corp., Sr. Notes
200		8.25%, 8/1/10	160,000
			$	5,070,636
Brokers / Dealers / Investment Houses — 0.0%
		*ETrade Financial Corp., Sr. Notes**
15		8.00%, 6/15/11	15,862
			$	15,862
Building and Development — 0.5%
		Coleman Cable, Inc., Sr. Notes
115		9.875%, 10/1/12	96,169
		Collins & Aikman Floor Cover
400		9.75%, 2/15/10	380,000

		General Cable Corp., Sr. Notes
$	130	9.50%, 11/15/10	$	140,400
		MAAX Corp., Sr. Sub. Notes
600		9.75%, 6/15/12	507,000
		Mueller Group, Inc., Sr. Sub. Notes
600		10.00%, 5/1/12	660,000
		Mueller Holdings, Inc., Disc. Notes
120		14.75%, 4/15/14	97,800
		Nortek, Inc., Sr. Sub Notes
530		8.50%, 9/1/14	531,325
		NTK Holdings, Inc., Sr. Disc. Notes
250		10.75%, 3/1/14	176,250
		Panolam Industries International, Sr. Sub. Notes
300		10.75%, 10/1/13 (5)	289,500
		RMCC Acquisition Co., Sr. Sub. Notes
710		9.50%, 11/1/12 (5)	724,200
		Stanley-Martin Co.
90		9.75%, 8/15/15 (5)	81,000
			$	3,683,644
Business Equipment and Services — 0.7%
		Hydrochem Industrial Services, Inc., Sr. Sub Notes
80		9.25%, 2/15/13 (5)	79,600
		Knowledge Learning Center, Sr. Sub. Notes
180		7.75%, 2/1/15 (5)	172,800
		Norcross Safety Products, LLC/Norcross Capital Corp., Sr. Sub. Notes, Series B
1,040		9.875%, 8/15/11	1,086,800
		Safety Products Holdings
298		11.75%, 1/1/12	298,095
		Sungard Data Systems, Inc., Sr. Notes
445		9.125%, 8/15/13 (5)	475,594
		Sungard Data Systems, Inc., Sr. Notes, Variable Rate
110		9.431%, 8/15/13 (5)	116,600
		Sungard Data Systems, Inc., Sr. Sub. Notes
820		10.25%, 8/15/15 (5)	864,075
		United Rentals North America, Inc.
80		6.50%, 2/15/12	80,300
		United Rentals North America, Inc., Sr. Sub. Notes
1,000		7.75%, 11/15/13	1,008,750
670		7.00%, 2/15/14	652,412
			$	4,835,026
Cable and Satellite Television — 0.7%
		CCO Holdings, LLC / CCO Capital Corp., Sr. Notes
1,000		8.75%, 11/15/13	980,000
785		8.75%, 11/15/13 (5)	769,300
		CSC Holdings, Inc., Sr. Notes, Series B
115		7.625%, 4/1/11	116,437

		Insight Communications, Sr. Disc. Notes
$	295	12.25%, 2/15/11	$	314,175
		Kabel Deutschland GMBH
220		10.625%, 7/1/14 (5)	235,950
		UGS Corp.
2,140		10.00%, 6/1/12	2,356,675
			$	4,772,537
Chemicals and Plastics — 1.0%
		BCP Crystal Holdings Corp., Sr. Sub. Notes
435		9.625%, 6/15/14	488,831
		Crystal US Holdings / US Holdings 3, LLC, Sr. Disc. Notes, Series B
1,004		10.50%, 10/1/14	785,630
		Hexion US Finance / Nova Scotia
1,115		9.00%, 7/15/14	1,152,631
		Ineos Group Holdings PLC
660		8.50%, 2/15/16 (5)	650,100
		Nova Chemicals Corp.
330		7.561%, 11/15/13	338,250
		OM Group, Inc.
2,010		9.25%, 12/15/11	2,020,050
		Polyone Corp., Sr. Notes
950		10.625%, 5/15/10	1,023,625
70		8.875%, 5/1/12	71,750
		Rhodia SA, Sr. Notes
101		10.25%, 6/1/10	114,130
		Rockwood Specialties Group, Sr. Sub. Notes
328		10.625%, 5/15/11	362,440
		Solo Cup Co., Sr. Sub. Notes
275		8.50%, 2/15/14	246,125
			$	7,253,562
Clothing / Textiles — 0.5%
		Levi Strauss & Co., Sr. Notes
740		12.25%, 12/15/12	849,150
360		9.75%, 1/15/15	385,200
		Levi Strauss & Co., Sr. Notes, Variable Rate
425		9.28%, 4/1/12	440,937
		Oxford Industries, Inc., Sr. Notes
1,110		8.875%, 6/1/11	1,148,850
		Perry Ellis International, Inc., Sr. Sub. Notes
205		8.875%, 9/15/13	203,975
		Phillips Van-Heusen, Sr. Notes
50		7.25%, 2/15/11	51,625
		Quiksilver, Inc.
155		6.875%, 4/15/15	150,350
			$	3,230,087

Conglomerates — 0.2%
		Amsted Industries, Inc., Sr. Notes
$	1,000	10.25%, 10/15/11 (5)	$	1,090,000
		Goodman Global Holdings, Sr. Notes, Variable Rate
180		7.491%, 6/15/12	184,050
			$	1,274,050
Containers and Glass Products — 0.1%
		Intertape Polymer US, Inc., Sr. Sub. Notes
950		8.50%, 8/1/14	940,500
			$	940,500
Ecological Services and Equipment — 0.2%
		Aleris International, Inc.
265		10.375%, 10/15/10	292,825
238		9.00%, 11/15/14	252,280
		Waste Services, Inc., Sr. Sub Notes
515		9.50%, 4/15/14	530,450
			$	1,075,555
Electronic / Electric — 0.1%
		Advanced Micro Devices, Inc., Sr. Notes
358		7.75%, 11/1/12	381,270
		Amkor Technologies, Inc., Sr. Notes
5		7.125%, 3/15/11	4,725
55		7.75%, 5/15/13	52,387
		CPI Holdco, Inc., Sr. Notes, Variable Rate
110		10.561%, 2/1/15	114,400
		Solectron Corp., Sr. Sub. Notes
65		8.00%, 3/15/16 (5)	66,300
			$	619,082
Equipment Leasing — 0.2%
		Hertz Corp., Sr. Notes
870		8.875%, 1/1/14 (5)	913,500
		Hertz Corp., Sr. Sub. Notes
535		10.50%, 1/1/16 (5)	579,137
			$	1,492,637
Financial Intermediaries — 1.1%
		Alzette, Variable Rate
750		8.691%, 12/15/20 (5)	767,812
		Avalon Capital Ltd. 3, Series 1A, Class D, Variable Rate
760		6.73%, 2/24/19 (5)	760,722
		Babson Ltd., Series 2005-1A, Class C1, Variable Rate
1,000		6.55%, 4/15/19 (5)	1,000,000
		Bryant Park CDO Ltd., Series 2005-1A, Class C, Variable Rate
1,000		6.65%, 1/15/19 (5)	1,003,880

		Centurion CDO 8 Ltd., Series 2005 8A, Class D, Variable Rate
$	1,000	9.957%, 3/8/17	$	1,018,750
		Centurion CDO 9 Ltd., Series 2005-9A
750		8.30%, 7/17/19	745,725
		First CLO, Ltd., Sr. Sub. Notes, Variable Rate
1,000		6.94%, 7/27/16 (5)	1,000,000
		Residential Capital Corp.
175		6.875%, 6/30/15 (5)	183,946
		Stanfield Vantage Ltd., Series 2005-1A, Class D, Variable Rate
1,000		6.55%, 3/21/17 (5)	1,003,100
			$	7,483,935
Food Products — 0.1%
		American Seafoods Group, LLC
35		10.125%, 4/15/10	36,881
		ASG Consolidated, LLC / ASG Finance, Inc., Sr. Disc. Notes
440		11.50%, 11/1/11	355,300
		Pierre Foods, Inc., Sr. Sub. Notes
40		9.875%, 7/15/12	41,700
		Pinnacle Foods Holdings Corp., Sr. Sub. Notes
115		8.25%, 12/1/13	113,275
		WH Holdings Ltd. / WH Capital Corp., Sr. Notes
300		9.50%, 4/1/11	325,500
			$	872,656
Food Service — 0.0%
		EPL Finance Corp., Sr. Notes
235		11.75%, 11/15/13 (5)	244,400
			$	244,400
Food / Drug Retailers — 0.2%
		General Nutrition Centers, Inc.
105		8.625%, 1/15/11	105,525
		Rite Aid Corp.
385		7.125%, 1/15/07	389,812
510		6.125%, 12/15/08 (5)	493,425
215		8.125%, 5/1/10	220,375
			$	1,209,137
Forest Products — 0.4%
		Caraustar Industries, Inc., Sr. Sub. Notes
215		9.875%, 4/1/11	227,094
		JSG Funding PLC, Sr. Notes
365		9.625%, 10/1/12	384,162
		Newark Group, Inc., Sr. Sub. Notes
245		9.75%, 3/15/14	214,375
		NewPage Corp.
580		10.00%, 5/1/12	609,000
225		10.93%, 5/1/12	237,375

		Stone Container Corp.
$	530	7.375%, 7/15/14	$	494,225
		Stone Container Corp., Sr. Notes
915		9.25%, 2/1/08	957,319
			$	3,123,550
Healthcare — 1.0%
		Accellent, Inc.
395		10.50%, 12/1/13 (5)	416,725
		AMR HoldCo, Inc. / EmCare HoldCo, Inc., Sr. Sub. Notes
325		10.00%, 2/15/15	347,750
		CDRV Investors, Inc., Sr. Disc. Notes
45		9.625%, 1/1/15	31,050
		Healthsouth Corp., Sr. Notes
315		7.375%, 10/1/06	319,725
		Inverness Medical Innovations, Inc., Sr. Sub. Notes
550		8.75%, 2/15/12	547,250
		National Mentor, Inc.
250		9.625%, 12/1/12	267,500
		Res-Care, Inc., Sr. Notes
220		7.75%, 10/15/13 (5)	224,400
		Service Corp. International, Sr. Notes
440		7.50%, 6/15/17 (5)	451,550
		Tenet Healthcare Corp., Sr. Notes
215		6.50%, 6/1/12	195,112
45		9.50%, 2/1/15	45,225
		US Oncology, Inc.
390		9.00%, 8/15/12	419,250
1,840		10.75%, 8/15/14	2,042,400
		Vanguard Health Holding Co. II, LLC, Sr. Sub. Notes
990		9.00%, 10/1/14	1,037,025
		Ventas Realty L.P. / Capital Corp., Sr. Notes
155		7.125%, 6/1/15	163,137
		VWR International, Inc., Sr. Sub. Notes
180		8.00%, 4/15/14	180,900
			$	6,688,999
Home Furnishings — 0.0%
		Fedders North America, Inc.
15		9.875%, 3/1/14	9,375
		Steinway Musical Instruments, Sr. Notes
175		7.00%, 3/1/14 (5)	177,187
			$	186,562
Industrial Equipment — 0.2%
		Case New Holland, Inc., Sr. Notes
220		9.25%, 8/1/11	237,050
655		7.125%, 3/1/14 (5)	659,912

		Chart Industries, Inc., Sr. Sub. Notes
$	215	9.125%, 10/15/15 (5)	$	223,600
		Milacron Escrow Corp.
90		11.50%, 5/15/11	81,000
		Thermadyne Holdings Corp., Sr. Sub. Notes
465		9.25%, 2/1/14	418,500
			$	1,620,062
Leisure Goods / Activities / Movies — 0.5%
		AMC Entertainment, Inc., Sr. Sub. Notes
440		9.875%, 2/1/12	420,750
		AMC Entertainment, Inc., Variable Rate
65		8.999%, 8/15/10	67,600
		Marquee Holdings, Inc., Sr. Disc. Notes
385		12.00%, 8/15/14	237,256
		Samsonite Corp., Sr. Sub. Notes
1,035		8.875%, 6/1/11	1,099,687
		Six Flags Theme Parks, Inc., Sr. Notes
400		8.875%, 2/1/10	405,000
370		9.625%, 6/1/14	377,400
		Universal City Development Partners, Sr. Notes
280		11.75%, 4/1/10	313,250
		Universal City Florida Holding, Sr. Notes, Variable Rate
485		9.43%, 5/1/10	494,700
			$	3,415,643
Lodging and Casinos — 0.8%
		CCM Merger, Inc.
135		8.00%, 8/1/13 (5)	135,000
		Chukchansi EDA, Sr. Notes, Variable Rate
310		8.06%, 11/15/12 (5)	319,300
		Greektown Holdings, LLC, Sr. Notes
225		10.75%, 12/1/13 (5)	232,875
		Host Marriot L.P., Series O
35		6.375%, 3/15/15	35,088
		Inn of the Mountain Gods, Sr. Notes
585		12.00%, 11/15/10	620,831
		Kerzner International, Sr. Sub. Notes
1,200		6.75%, 10/1/15	1,197,000
		Majestic Star Casino, LLC
210		9.50%, 10/15/10	225,750
		Majestic Star, LLC / Capital II
275		9.75%, 1/15/11 (5)	283,938
		Meristar Hospitality Corp.
185		9.00%, 1/15/08	197,025
135		9.125%, 1/15/11	157,275
		Meristar Hospitality Operations / Finance
151		10.50%, 6/15/09	161,381

		Mohegan Tribal Gaming Authority, Sr. Sub. Notes
$	110	8.00%, 4/1/12	$	116,188
		San Pasqual Casino
345		8.00%, 9/15/13 (5)	353,625
		Trump Entertainment Resorts, Inc.
1,105		8.50%, 6/1/15	1,107,763
		Tunica-Biloxi Gaming Authority, Sr. Notes
265		9.00%, 11/15/15 (5)(6)	272,950
		Waterford Gaming, LLC, Sr. Notes
400		8.625%, 9/15/12 (5)	425,500
		Wynn Las Vegas, LLC
120		6.625%, 12/1/14	118,800
			$	5,960,289
Nonferrous Metals / Minerals — 0.0%
		Alpha Natural Resources, Sr. Notes
90		10.25%, 6/1/12	99,450
		Novelis, Inc., Sr. Notes
110		7.75%, 2/15/15 (5)	107,250
			$	206,700
Oil and Gas — 0.6%
		Allis-Chalmers Energy, Inc., Sr. Notes
290		9.00%, 1/15/14 (5)	291,450
		Aventine Renewable Energy Holdings, Inc., Variable Rate
110		10.491%, 12/15/11 (5)	116,600
		Clayton Williams Energy, Inc.
130		7.75%, 8/1/13	128,700
		Copano Energy, LLC, Sr. Notes
75		8.125%, 3/1/16 (5)	78,375
		Denbury Resources, Inc., Sr. Sub. Notes
110		7.50%, 12/15/15	115,775
		El Paso Corp.
245		9.625%, 5/15/12 (5)	278,688
		El Paso Production Holding Co.
280		7.75%, 6/1/13	296,800
		Encore Acquisition Co., Sr. Sub Notes
265		7.25%, 12/1/17	270,963
		Giant Industries
90		8.00%, 5/15/14	94,500
		Hanover Compressor Co., Sr. Sub. Notes
155		0.00%, 3/31/07	143,375
		Ocean Rig Norway AS, Sr. Notes
110		8.375%, 7/1/13 (5)	119,350
		Parker Drilling Co., Sr. Notes
110		9.625%, 10/1/13	123,750
		Petrobras International Finance Co.
60		7.75%, 9/15/14	67,350

		Semgroup L.P., Sr. Notes
$	290	8.75%, 11/15/15 (5)	$	301,600
		Transmontaigne, Inc., Sr. Sub. Notes
625		9.125%, 6/1/10	645,313
		United Refining Co., Sr. Notes
460		10.50%, 8/15/12	493,350
		VeraSun Energy Corp.
335		9.875%, 12/15/12 (5)	358,450
		Williams Cos., Inc. (The)
90		8.75%, 3/15/32	109,350
			$	4,033,739
Publishing — 0.5%
		American Media Operations, Inc., Series B
830		10.25%, 5/1/09	744,925
		CBD Media, Inc., Sr. Sub. Notes
135		8.625%, 6/1/11	137,869
		Houghton Mifflin Co., Sr. Sub. Notes
670		9.875%, 2/1/13	733,650
		R.H. Donnelley Corp., Sr. Disc. Notes
235		6.875%, 1/15/13 (5)	222,075
420		6.875%, 1/15/13 (5)	396,900
		R.H. Donnelley Corp., Sr. Notes
655		8.875%, 1/15/16 (5)	686,931
		Xerox Corp.
220		9.75%, 1/15/09	242,550
			$	3,164,900
Radio and Television — 0.6%
		Advanstar Communications, Inc.
1,000		10.75%, 8/15/10	1,095,000
		CanWest Media, Inc.
290		8.00%, 9/15/12	298,700
		LBI Media, Inc.
180		10.125%, 7/15/12	193,500
		Rainbow National Services, LLC, Sr. Notes
115		8.75%, 9/1/12 (5)	124,488
		Rainbow National Services, LLC, Sr. Sub. Debs.
1,470		10.375%, 9/1/14 (5)	1,670,288
		Sirius Satellite Radio, Sr. Notes
770		9.625%, 8/1/13	758,450
			$	4,140,426
Rail Industries — 0.0%
		TFM SA de C.V., Sr. Notes
95		12.50%, 6/15/12	107,825
			$	107,825

Retailers (Except Food and Drug) — 0.4%
		Affinity Group, Inc., Sr. Sub. Notes
$	710	9.00%, 2/15/12	$	713,550
		GSC Holdings Corp.
1,175		8.00%, 10/1/12 (5)	1,177,938
		GSC Holdings Corp., Variable Rate
410		8.405%, 10/1/11 (5)	420,763
		Neiman Marcus Group, Inc., Sr. Notes
325		9.00%, 10/15/15 (5)	344,906
		Neiman Marcus Group, Inc., Sr. Sub. Notes
435		10.375%, 10/15/15 (5)	460,013
			$	3,117,170
Steel — 0.0%
		RathGibson, Inc., Sr. Notes
260		11.25%, 2/15/14 (5)	264,550
			$	264,550
Surface Transport — 0.3%
		Horizon Lines, LLC
1,808		9.00%, 11/1/12	1,921,000
			$	1,921,000
Telecommunications — 1.8%
		AirGate PCS, Inc., Variable Rate
120		8.35%, 10/15/11	124,950
		Alamosa Delaware, Inc., Sr. Notes
560		11.00%, 7/31/10	627,200
		Centennial Cellular Operating Co. / Centennial Communication Corp., Sr. Notes
265		10.125%, 6/15/13	291,500
		Digicel Ltd., Sr. Notes
200		9.25%, 9/1/12 (5)	211,000
		Inmarsat Finance PLC
731		7.625%, 6/30/12	757,499
		Intelsat Bermuda Ltd., Sr. Notes, Variable Rate
545		9.614%, 1/15/12 (5)	558,625
		Intelsat Ltd., Sr. Notes
1,255		5.25%, 11/1/08	1,192,250
		IWO Holdings, Inc.
220		10.75%, 1/15/15	163,900
		LCI International, Inc., Sr. Notes
50		7.25%, 6/15/07	50,813
		New Skies Satellites NV, Sr. Notes, Variable Rate
215		9.573%, 11/1/11	223,063
		New Skies Satellites NV, Sr. Sub. Notes
540		9.125%, 11/1/12	583,200

		Qwest Communications International, Inc.
$	15	7.50%, 11/1/08	$	15,038
110		7.25%, 2/15/11	112,888
1,990		7.50%, 2/15/14	2,054,675
		Qwest Corp., Sr. Notes
505		7.625%, 6/15/15	544,138
		Qwest Corp., Sr. Notes, Variable Rate
1,025		8.16%, 6/15/13 (5)	1,124,938
		Rogers Wireless, Inc., Sr. Sub. Notes
185		8.00%, 12/15/12	198,413
		Rogers Wireless, Inc., Variable Rate
1,617		7.616%, 12/15/10	1,681,680
		Rural Cellular Corp., Variable Rate
1,000		8.991%, 3/15/10	1,025,000
		UbiquiTel Operating Co., Sr. Notes
1,110		9.875%, 3/1/11	1,226,550
			$	12,767,320
Utilities — 0.2%
		Dynegy Holdings, Inc., Debs.
430		7.625%, 10/15/26	421,400
		Mirant North America, LLC, Sr. Notes
100		7.375%, 12/31/13 (5)	103,125
		NRG Energy, Inc., Sr. Notes
520		7.375%, 2/1/16	536,900
			$	1,061,425
Total Corporate Bonds & Notes (identified cost $96,217,134)			$	98,070,141

Convertible Bonds — 0.1%

Principal Amount (000’s omitted)		Security	Value
$	40	Amkor Technologies, Inc.	$	40,100
345		L-3 Communications Corp. (5)	355,782
15		Nortel Networks Ltd.	14,231
Total Convertible Bonds (identified cost, $402,845)			$	410,113

Common Stocks — 0.1%

Shares	Security	Value
107	Crown Castle International Corp. (4)	$	3,353
36,116	Trump Entertainment Resorts, Inc. (4)	668,146
Total Common Stocks (identified cost, $448,619)		$	671,499

Preferred Stocks — 0.0%

Shares	Security	Value
1,029	Crown Castle International Corp., (PIK)	$	56,595
Total Preferred Stocks (identified cost, $49,123)		$	56,595

Warrants — 0.0%

Shares/Rights	Security	Value
101	Gate Gourmet Borrower, LLC, Exp. 12/19/12 (6)	$	0
Total Warrants (identified cost, $0)		$	—

Closed-End Investment Companies — 3.2%

Shares	Security	Value
162,500	Citigroup Investments Corporate Loan Fund, Inc.	$	2,136,875
343,600	First Trust / Four Corners Senior Floating Rate Income Fund II	6,150,440
150,400	Floating Rate Income Strategies Fund II, Inc.	2,671,104
52,200	Floating Rate Income Strategies Fund, Inc.	929,682
505,500	ING Prime Rate Trust	3,548,610
147,040	Pioneer Floating Rate Trust	2,632,016
600,000	Van Kampen Senior Income Trust	4,908,000
Total Closed-End Investment Companies (identified cost, $23,165,046)		$	22,976,727

Miscellaneous — 0.0%

Shares	Security	Value
590,000	Trump Atlantic City (4)(6)	$	22,715
Total Miscellaneous (identified cost, $0)		$	22,715

Commercial Paper — 5.6%

Principal		Maturity
Amount		Date	Borrower	Rate		Amount
$	16,575,000	03/06/06	AIG Funding, Inc.	4.49	%	$	16,564,664
23,000,000		03/01/06	General Electric Capital Corp.	4.56	%	23,000,000
Total Commercial Paper (at amortized cost)						$	39,564,664

Short-Term Investments — 1.1%

Principal		Maturity
Amount		Date	Borrower	Rate		Amount
$	2,000,000	03/01/06	Investors Bank and Trust Company, Time Deposit	4.57	%	$	2,000,000
5,997,000		03/01/06	Societe Generale, Time Deposit	4.563	%	5,997,000
Total Short-Term Investments (at amortized cost)						$	7,997,000
Gross Investments — 160.7% (identified cost $1,128,099,191)						$	1,136,848,686
Less Unfunded Loan Commitments — (0.8)%						$	(5,660,920	)
Net Investments — 159.9% (identified cost $1,122,438,271)						$	1,131,187,766
Other Assets, Less Liabilities — 1.7%						$	11,871,434
Auction Preferred Shares Plus Cumulative Unpaid Dividends — (61.6)%						$	(435,653,552	)
Net Assets Applicable to Common Shares — 100.0%						$	707,405,648

PIK	—	Payment In Kind.
(1)		Senior floating-rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, it is anticipated that the senior floating-rate interests will have an expected average life of approximately two to three years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility. Senior Loans typically have rates of interest which are redetermined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base lending rates are primarily the London-Interbank Offered Rate (“LIBOR”), and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.
(2)		Unfunded loan commitments. The Trust may enter into certain credit agreements all or a portion of which may be unfunded. The Trust is obligated to fund these commitments at the Borrower’s discretion.
(3)		Defaulted security. Currently the issuer is in default with respect to interest payments.
(4)		Non-income producing security.

(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 28, 2006, the aggregate value of the securities is $27,722,387 or 3.9% of the Trust’s net assets.
(6)		Security valued at fair value using methods determined in good faith by or at the direction of the Trustees of the Trust.

A summary of financial instruments at February 28, 2006 is as follows:

Credit Default Swaps

Notional	Date		Net Unrealized
Amount	Expiration	Description	Depreciation
1,400,000 USD	3/20/2009	Agreement with Lehman Brothers Special Financing, Inc. dated 9/24/2004 to receive 2.30% per year times the notional amount. The Trust makes payment only upon a default event on underlying loan assets (50 in total, each representing 2% of the notional value of the swap).	$	(7,095	)
2,000,000 USD	3/20/2010	Agreement with Lehman Brothers Special Financing, Inc. dated 3/15/2005 to receive 2.20% per year times the notional amount. The Trust makes payment of the notional amount only upon a default event on the reference entity, a Revolving Credit Agreement issued by Inergy, L.P.	$	(12,962	)

At February 28, 2006 the Trust had sufficient cash segregated to cover potential obligations arising from open swap contracts.

The cost and unrealized appreciation (depreciation) in value of the investments owned by the Trust at February 28, 2006, as computed on a federal income tax basis, were as follows:

Aggregate cost	$	1,123,935,901
Gross unrealized appreciation	$	10,645,935
Gross unrealized depreciation	(3,394,070		)
Net unrealized appreciation	$	7,251,865

Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

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

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Eaton Vance Floating Rate Income Trust

By:		/s/ Payson F. Swaffield
		Payson F. Swaffield
		President and Principal Executive Officer
Date:		April 24, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:		/s/ Payson F. Swaffield
		Payson F. Swaffield
		President and Principal Executive Officer
Date:		April 24, 2006
By:		/s/ Barbara E. Campbell
		Barbara E. Campbell
		Treasurer and Principal Financial Officer
Date:		April 24, 2006