Eaton Vance Floating-Rate Income Trust (EFT) N-CSR Certified annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FormN-CSR

CERTIFIED SHAREHOLDER REPORT 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)

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

(617)482-8260

(Registrant’s Telephone Number)

May 31

Date of Fiscal Year End

May 31, 2019

Date of Reporting Period

Item 1. Reports to Stockholders

Eaton Vance

Floating-Rate Income Trust (EFT)

Annual Report

May 31, 2019

Important Note. Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Fund’s annual and semi-annual shareholder reports will no longer be sent by mail unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Fund’s website(funds.eatonvance.com/closed-end-fund-and-term-trust-documents.php), and you will be notified by mail each time a report is posted and provided with a website address to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. If you hold shares at the Fund’s transfer agent, American Stock Transfer & Trust Company, LLC (“AST”), you may elect to receive shareholder reports and other communications from the Fund electronically by contacting AST. If you own your shares through a financial intermediary (such as a broker-dealer or bank), you must contact your financial intermediary to sign up.

You may elect to receive all future Fund shareholder reports in paper free of charge. If you hold shares at AST, you can inform AST that you wish to continue receiving paper copies of your shareholder reports by calling1-866-439-6787. If you own these shares through a financial intermediary, you must contact your financial intermediary or follow instructions included with this disclosure, if applicable, to elect to continue to receive paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held with AST or to all funds held through your financial intermediary, as applicable.

Commodity Futures Trading Commission Registration. Effective December 31, 2012, the Commodity Futures Trading Commission (“CFTC”) adopted certain regulatory changes that subject registered investment companies and advisers to regulation by the CFTC if a fund invests more than a prescribed level of its assets in certain CFTC-regulated instruments (including futures, certain options and swap agreements) or markets itself as providing investment exposure to such instruments. The Fund has claimed an exclusion from the definition of the term “commodity pool operator” under the Commodity Exchange Act. Accordingly, neither the Fund nor the adviser with respect to the operation of the Fund is subject to CFTC regulation. Because of its management of other strategies, the Fund’s adviser is registered with the CFTC as a commodity pool operator and a commodity trading advisor.

Fund shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Shares are subject to investment risks, including possible loss of principal invested.

Annual ReportMay 31, 2019

Eaton Vance

Floating-Rate Income Trust

Table of Contents

Management’s Discussion of Fund Performance	2
Performance	3
Fund Profile	4
Endnotes and Additional Disclosures	5
Financial Statements	6
Report of Independent Registered Public Accounting Firm	45
Federal Tax Information	46
Annual Meeting of Shareholders	47
Dividend Reinvestment Plan	48
Board of Trustees’ Contract Approval	50
Management and Organization	53
Important Notices	56

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Management’s Discussion of Fund Performance¹

Economic and Market Conditions

The U.S. floating-rate loan market experienced a positive return for the12-month period ended May 31, 2019, with the S&P/ LSTA Leveraged Loan Index (the Index),² a broad barometer of the U.S. loan market, returning 3.83%. For the period as a whole, returns came entirely from coupon income, as loan prices modestly declined.

In the opening months of the period, the U.S. fixed income market was still in a rising rate environment, with the U.S. Federal Reserve Board (the Fed) announcing rate hikes in June and September 2018 and the market generally expecting incremental rate hikes to continue. While rising rates were a negative for most fixed income asset classes, they increased investor demand and supported prices for floating-rate securities.

However, as 2018 came to a close, dovish comments by the Fed suggested the possibility of no further rate hikes in 2019. The prospect of flat or potentially falling rates hurt demand for floating-rate securities and led the asset class to experience losses in the final quarter of 2018.

In January and February of 2019, however, the floating-rate market recovered, erasing a large portion of the losses in the previous quarter. However, downward pressure on floating-rate prices returned in March and continued through the end of the period, after the Fed issued comments that were more dovish than the market had expected — leading many investors to conclude that further rate hikes were off the table for the rest of 2019. As the period drew to a close, the Fed appeared to be considering the possibility of lowering rates going forward. Although the floating-rate market turned in a positive performance for the fiscal year ended May 31, 2019, it nonetheless trailed the performance of U.S. government, corporate and high yield bonds for the sameone-year period.

Technical conditions were a drag on performance for much of the fiscal year, with retail mutual funds reporting negative flows for the final eight months of the period. While the collateralized loan obligation (CLO) market was a driver of demand throughout the period, CLO issuance declined significantly in December 2018 and January 2019, recovered strongly in February, March and April, and then weakened again in the final month of the period. For the fiscal year as a whole, loan prices declined, beginning the period at an average price of $98.35 and ending it at an average price of $96.99.

With the U.S. economy’s recovery holding steady during the period, health in corporate fundamentals continued to reflect relatively benign conditions. On a last-twelve-months basis, the default rate closed the period at 1.00%, more than 1% below its rate a year earlier and well below its long-term average of approximately 3%.

Fund Performance

For the12-month period ended May 31, 2019, Eaton Vance Floating-Rate Income Trust (the Fund) shares returned 3.77% at net asset value (NAV), underperforming the 3.83% return of the Index.

Under normal market conditions, the Fund invests at least 80% of its total assets in senior loans of domestic and foreign borrowers that are denominated in U.S. dollars and foreign currencies. In keeping with management’s long-term philosophy, the Fund has historically tended to underweight lower-quality⁸ loans relative to the Index — a strategy that may help the Fund experience limited credit losses over time, but may detract from relative performance versus the Index during periods when lower-quality issues outperform.

For the12-month period,BBB-rated loans in the Index returned 3.73%,BB-rated loans in the Index returned 3.65%,B-rated loans in the Index returned 4.22%,CCC-rated loans in the Index returned 3.39%, andD-rated (defaulted) loans in the Index returned –8.83%. Given this performance mix, the Fund’s higher-quality orientation and resulting underweight, relative to the Index, to volatile defaulted loans helped performance versus the Index.

The Fund’s broad level of diversification⁹ delivered exposure across the loan market’s many industry segments, with the allocation of Fund weightings in most sectors having a minimal effect on relative performance. The exceptions included the retailers (except food and drug), drugs and financial intermediaries sectors. The retailers (except food and drug) sector continued to be volatile during the period but ended the fiscal year as thetop-performing sector for the period. As a result, the Fund’s underweight position detracted from results versus the Index. The Fund’s overweight to the drugs and financial intermediaries sectors detracted from relative results as well.

On security selection, loan picks within the brokerage/securities dealers/investment houses sector were particularly beneficial to relative performance. Meanwhile, security selection within the volatile oil and gas and retailers (except food and drug) sectors was a headwind to performance versus the Index.

The Fund’s employment of investment leverage⁶ contributed to performance versus the Index. The use of leverage has the effect of achieving additional exposure to the loan market, and thus magnifying exposure to the Fund’s underlying investments in both up and down market environments. The use of leverage helped performance versus the Index, which does not employ leverage, as leverage amplified the positive total return of the Fund’s underlying portfolio during the period. The Fund’s holdings in high-yield bonds contributed to performance versus the Index, which does not include high-yield bonds.

See Endnotes and Additional Disclosures in this report.

Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested and include management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as of the most recentmonth-end, please refer to eatonvance.com.

2

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Performance^2,3

Portfolio Managers Scott H. Page, CFA, Ralph H. Hinckley, CFA, Andrew N. Sveen, CFA, Catherine C. McDermott, William E. Holt, CFA and Daniel P. McElaney, CFA

% Average Annual Total Returns	Inception Date		One Year			Five Years			Ten Years
Fund at NAV		06/29/2004		3.77	%		5.19	%		9.72	%
Fund at Market Price		—		–3.32			3.87			9.46
S&P/LSTA Leveraged Loan Index		—		3.83	%		3.74	%		6.60	%
% Premium/Discount to NAV4
										–11.37	%
Distributions5
Total Distributions per share for the period									$	0.874
Distribution Rate at NAV										6.00	%
Distribution Rate at Market Price										6.77
% Total Leverage6
Borrowings										26.54	%
Variable Rate Term Preferred Shares (VRTP Shares)										8.56

See Endnotes and Additional Disclosures in this report.

Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested and include management fees and other expenses. Fund performance at market price will differ from its results at NAV due to factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance less than or equal to one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund performance may be lower or higher than the quoted return. For performance as of the most recentmonth-end, please refer to eatonvance.com.

3

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Fund Profile

Top 10 Issuers (% of total investments)⁷

Asurion, LLC	1.2	%
Reynolds Group Holdings, Inc.	1.2
Bausch Health Companies, Inc.	1.1
TransDigm, Inc.	1.1
Univision Communications, Inc.	0.9
Virgin Media Investment Holdings Limited	0.8
Hyland Software, Inc.	0.8
Infor (US), Inc.	0.8
Jaguar Holding Company II	0.7
Uber Technologies	0.7
Total	9.3	%

Top 10 Sectors (% of total investments)⁷

Electronics/Electrical	12.4	%
Health Care	8.9
Business Equipment and Services	8.8
Chemicals and Plastics	4.4
Telecommunications	4.2
Leisure Goods/Activities/Movies	4.1
Industrial Equipment	4.1
Drugs	4.1
Cable and Satellite Television	4.0
Lodging and Casinos	4.0
Total	59.0	%

Credit Quality (% of bonds, loans and asset-backed securities)⁸

See Endnotes and Additional Disclosures in this report.

4

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Endnotes and Additional Disclosures

¹  The views expressed in this report are those of the portfolio manager(s) and are current only through the date stated at the top of this page. These views are subject to change at any time based upon market or other conditions, and Eaton Vance and the Fund(s) disclaim any responsibility to update such views. These views may not be relied upon as investment advice and, because investment decisions are based on many factors, may not be relied upon as an indication of trading intent on behalf of any Eaton Vance fund. This commentary may contain statements that are not historical facts, referred to as “forward looking statements.” The Fund’s actual future results may differ significantly from those stated in any forward looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of Fund shares, the continuation of investment advisory, administrative and service contracts, and other risks discussed from time to time in the Fund’s filings with the Securities and Exchange Commission.

²  S&P/LSTA Leveraged Loan Index is an unmanaged index of the institutional leveraged loan market. S&P/LSTA Leveraged Loan indices are a product of S&P Dow Jones Indices LLC (“S&P DJI”) and have been licensed for use. S&P^® is a registered trademark of S&P DJI; Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); LSTA is a trademark of Loan Syndications and Trading Association, Inc. S&P DJI, Dow Jones, their respective affiliates and their third party licensors do not sponsor, endorse, sell or promote the Fund, will not have any liability with respect thereto and do not have any liability for any errors, omissions, or interruptions of the S&P Dow Jones Indices. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index.

³  Performance results reflect the effects of leverage. The Fund’s performance for certain periods reflects the effects of expense reductions. Absent these reductions, performance would have been lower. Performance since inception for an index, if presented, is the performance since the Fund’s or oldest share class’ inception, as applicable.

⁴ The shares of the Fund often trade at a discount or premium from their net asset value. The discount or premium of the Fund may vary over time and may be higher or lower than what is quoted in this report. Forup-to-date premium/discount information, please refer to http://eatonvance.com/closedend.

⁵  The Distribution Rate is based on the Fund’s last regular distribution per share in the period (annualized) divided by the Fund’s NAV or market price at the end of the period. The Fund’s distributions may be comprised of amounts characterized for federal income tax purposes as qualified andnon-qualified ordinary dividends, capital gains and nondividend distributions, also known as return of capital. For additional information about nondividend distributions, please refer to Eaton VanceClosed-End Fund Distribution Notices (19a) posted on our website, eatonvance.com.

The Fund will determine the federal income tax character of distributions paid to a shareholder after the end of the calendar year. This is reported on the IRS form1099-DIV and provided to the shareholder shortly after eachyear-end. For information about the tax character of distributions made in prior calendar years, please refer toPerformance-Tax Character of Distributions on the Fund’s webpage available at eatonvance.com. The Fund’s distributions are determined by the investment adviser based on its current assessment of the Fund’s long-term return potential. Fund distributions may be affected by numerous factors including changes in Fund performance, the cost of financing for leverage, portfolio holdings, realized and projected returns, and other factors. As portfolio and market conditions change, the rate of distributions paid by the Fund could change.

⁶  Leverage represents the liquidation value of the Fund’s VRTP Shares and borrowings outstanding as a percentage of Fund net assets applicable to common shares plus VRTP Shares and borrowings outstanding. Use of leverage creates an opportunity for income, but creates risks including greater price volatility. The cost of leverage rises and falls with changes in short-term interest rates. The Fund may be required to maintain prescribed asset coverage for its leverage and may be required to reduce its leverage at an inopportune time.

⁷ Excludes cash and cash equivalents.

⁸ Credit ratings are categorized using S&P Global Ratings (“S&P”). Ratings, which are subject to change, apply to the creditworthiness of the issuers of the underlying securities and not to the Fund or its shares. Credit ratings measure the quality of a bond based on the issuer’s creditworthiness, with ratings ranging from AAA, being the highest, to D, being the lowest based on S&P’s measures. Ratings of BBB or higher by S&P are considered to be investment-grade quality. Credit ratings are based largely on the ratings agency’s analysis at the time of rating. The rating assigned to any particular security is not necessarily a reflection of the issuer’s current financial condition and does not necessarily reflect its assessment of the volatility of a security’s market value or of the liquidity of an investment in the security. Holdings designated as “Not Rated” (if any) are not rated by S&P.

⁹  Diversification cannot ensure a profit or eliminate the risk of loss.

Fund profile subject to change due to active management.

Important Notice to Shareholders

Effective March 1, 2019, the Fund is managed by Scott H. Page, Ralph H. Hinckley, Andrew N. Sveen, Catherine C. McDermott, William E. Holt and Daniel P. McElaney. Mr. Page will serve as a member of the portfolio management team of the Fund through October 31, 2019.

5

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments

Senior Floating-Rate Loans — 141.5%(1)
Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Aerospace and Defense — 2.2%
Dynasty Acquisition Co., Inc.
Term Loan, 6.60%, (3 mo. USD LIBOR + 4.00%), Maturing April 6, 2026			537	$	538,923
IAP Worldwide Services, Inc.
Revolving Loan, 1.49%, (3 mo. USD LIBOR + 5.50%), Maturing July 18, 2019(2)			325		325,082
Term Loan - Second Lien, 9.10%, (3 mo. USD LIBOR + 6.50%), Maturing July 18, 2019(3)			429		343,186
TransDigm, Inc.
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing June 9, 2023			6,876		6,795,299
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing August 22, 2024			2,848		2,796,597
Wesco Aircraft Hardware Corp.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing November 30, 2020			941		935,922
WP CPP Holdings, LLC
Term Loan, 6.34%, (USD LIBOR + 3.75%), Maturing April 30, 2025(4)			1,861		1,861,074
				$	13,596,083
Automotive — 3.7%
Adient US, LLC
Term Loan, 6.87%, (USD LIBOR + 4.25%), Maturing May 6, 2024(4)			1,525	$	1,507,368
American Axle and Manufacturing, Inc.
Term Loan, 4.73%, (USD LIBOR + 2.25%), Maturing April 6, 2024(4)			3,282		3,209,159
Apro, LLC
Term Loan, 6.43%, (1 mo. USD LIBOR + 4.00%), Maturing August 8, 2024			290		290,725
Belron Finance US, LLC
Term Loan, 5.07%, (3 mo. USD LIBOR + 2.50%), Maturing November 7, 2024			593		592,123
Chassix, Inc.
Term Loan, 8.07%, (USD LIBOR + 5.50%), Maturing November 15, 2023(4)			1,481		1,483,102
Dayco Products, LLC
Term Loan, 6.77%, (3 mo. USD LIBOR + 4.25%), Maturing May 19, 2023			1,102		1,077,115
Garrett LX III S.a.r.l.
Term Loan, 2.75%, (3 mo. EURIBOR + 2.75%), Maturing September 27, 2025	EUR		475		530,315
Term Loan, 5.11%, (3 mo. USD LIBOR + 2.50%), Maturing September 27, 2025			274		269,521

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Automotive (continued)
IAA Spinco, Inc.
Term Loan, Maturing May 22, 2026(5)			625	$	627,344
L&W, Inc.
Term Loan, 6.44%, (1 mo. USD LIBOR + 4.00%), Maturing May 22, 2025			868		866,266
Panther BF Aggregator 2 L.P.
Term Loan, 5.93%, (1 mo. USD LIBOR + 3.50%), Maturing April 30, 2026			3,800		3,777,800
Tenneco, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing October 1, 2025			3,815		3,663,774
Thor Industries, Inc.
Term Loan, 6.25%, (1 mo. USD LIBOR + 3.75%), Maturing February 1, 2026			1,495		1,464,165
TI Group Automotive Systems, LLC
Term Loan, 3.50%, (3 mo. EURIBOR + 2.75%, Floor 0.75%), Maturing June 30, 2022	EUR		869		969,436
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing June 30, 2022			990		981,388
Tower Automotive Holdings USA, LLC
Term Loan, 5.25%, (1 mo. USD LIBOR + 2.75%), Maturing March 7, 2024			998		978,226
				$	22,287,827
Beverage and Tobacco — 0.7%
Arterra Wines Canada, Inc.
Term Loan, 5.36%, (3 mo. USD LIBOR + 2.75%), Maturing December 15, 2023			2,717	$	2,693,427
Flavors Holdings, Inc.
Term Loan, 8.35%, (3 mo. USD LIBOR + 5.75%), Maturing April 3, 2020			1,116		1,048,576
Term Loan - Second Lien, 12.60%, (3 mo. USD LIBOR + 10.00%), Maturing October 3, 2021			1,000		775,000
				$	4,517,003
Brokerage / Securities Dealers / Investment Houses — 0.2%
Advisor Group, Inc.
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing August 15, 2025			622	$	623,430
OZ Management L.P.
Term Loan, 7.25%, (1 mo. USD LIBOR + 4.75%), Maturing April 10, 2023			154		154,192
Resolute Investment Managers, Inc.
Term Loan - Second Lien, 10.08%, (3 mo. USD LIBOR + 7.50%), Maturing April 30, 2023			600		606,000
				$	1,383,622

6 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Building and Development — 4.0%
American Builders & Contractors Supply Co., Inc.
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing October 31, 2023		2,793	$	2,760,051
Beacon Roofing Supply, Inc.
Term Loan, 4.70%, (1 mo. USD LIBOR + 2.25%), Maturing January 2, 2025		619		613,143
Brookfield Property REIT, Inc.
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing August 27, 2025		1,020		994,166
Core & Main L.P.
Term Loan, 5.63%, (3 mo. USD LIBOR + 3.00%), Maturing August 1, 2024		1,188		1,185,398
CPG International, Inc.
Term Loan, 6.63%, (6 mo. USD LIBOR + 3.75%), Maturing May 5, 2024		2,004		1,991,378
DTZ U.S. Borrower, LLC
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing August 21, 2025		5,920		5,916,550
Henry Company, LLC
Term Loan, 6.44%, (1 mo. USD LIBOR + 4.00%), Maturing October 5, 2023		441		440,973
NCI Building Systems, Inc.
Term Loan, 6.35%, (3 mo. USD LIBOR + 3.75%), Maturing April 12, 2025		821		808,552
Quikrete Holdings, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing November 15, 2023		2,788		2,752,211
RE/MAX International, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing December 15, 2023		2,069		2,061,610
Realogy Group, LLC
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing February 8, 2025		902		865,970
Summit Materials Companies I, LLC
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing November 21, 2024		667		664,167
Werner FinCo L.P.
Term Loan, 6.60%, (3 mo. USD LIBOR + 4.00%), Maturing July 24, 2024		1,133		1,082,483
WireCo WorldGroup, Inc.
Term Loan, 7.44%, (1 mo. USD LIBOR + 5.00%), Maturing September 30, 2023		634		635,334
Term Loan - Second Lien, 11.44%, (1 mo. USD LIBOR + 9.00%), Maturing September 30, 2024		1,300		1,300,000
			$	24,071,986

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Business Equipment and Services — 13.4%
Acosta Holdco, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing September 26, 2021			2,297	$	978,250
Adtalem Global Education, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing April 11, 2025			422		421,417
AlixPartners, LLP
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing April 4, 2024			2,404		2,391,942
Term Loan, Maturing April 4, 2024(5)	EUR		800		895,954
Altran Technologies S.A.
Term Loan, 2.75%, (3 mo. EURIBOR + 2.75%), Maturing March 20, 2025	EUR		1,541		1,730,685
AppLovin Corporation
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing August 15, 2025			3,543		3,542,937
ASGN Incorporated
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing April 2, 2025			503		502,646
Belfor Holdings, Inc.
Term Loan, 6.44%, (1 mo. USD LIBOR + 4.00%), Maturing April 6, 2026			500		504,375
BlitzF18-675 GmbH
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 31, 2025	EUR		1,625		1,828,479
Bracket Intermediate Holding Corp.
Term Loan, 6.82%, (3 mo. USD LIBOR + 4.25%), Maturing September 5, 2025			945		947,613
Brand Energy & Infrastructure Services, Inc.
Term Loan, 6.82%, (USD LIBOR + 4.25%), Maturing June 21, 2024(4)			565		552,109
Camelot UK Holdco Limited
Term Loan, 5.68%, (1 mo. USD LIBOR + 3.25%), Maturing October 3, 2023			1,144		1,144,718
Ceridian HCM Holding, Inc.
Term Loan, 5.49%, (1 mo. USD LIBOR + 3.00%), Maturing April 30, 2025			1,567		1,568,430
Change Healthcare Holdings, LLC
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing March 1, 2024			6,888		6,802,437
Crossmark Holdings, Inc.
DIP Loan, 9.94%, (1 mo. USD LIBOR + 7.50%), Maturing June 3, 2019			128		127,628
Term Loan, 0.00%, Maturing December 20, 2019(6)			1,500		532,454
Cypress Intermediate Holdings III, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing April 26, 2024			2,569		2,556,577

7 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Business Equipment and Services (continued)
Deerfield Dakota Holding, LLC
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing February 13, 2025			1,650	$	1,610,400
EAB Global, Inc.
Term Loan, 6.38%, (USD LIBOR + 3.75%), Maturing November 15, 2024(4)			1,386		1,365,210
Education Management, LLC
Term Loan, 0.00%, Maturing July 2, 2020(3)(6)			363		0
Term Loan, 0.00%, Maturing July 2, 2020(3)(6)			454		85,758
EIG Investors Corp.
Term Loan, 6.27%, (USD LIBOR + 3.75%), Maturing February 9, 2023(4)			4,433		4,429,904
Element Materials Technology Group US Holdings, Inc.
Term Loan, 6.15%, (3 mo. USD LIBOR + 3.50%), Maturing June 28, 2024			420		419,163
Garda World Security Corporation
Term Loan, 6.12%, (3 mo. USD LIBOR + 3.50%), Maturing May 24, 2024			2,077		2,066,965
Term Loan, 6.36%, (CIDOR + 4.25%), Maturing May 24, 2024	CAD		956		699,871
Global Payments, Inc.
Term Loan, 4.19%, (1 mo. USD LIBOR + 1.75%), Maturing April 21, 2023			979		980,302
IG Investment Holdings, LLC
Term Loan, 6.50%, (USD LIBOR + 4.00%), Maturing May 23, 2025(4)			2,635		2,623,425
IRI Holdings, Inc.
Term Loan, 7.02%, (USD LIBOR + 4.50%), Maturing December 1, 2025(4)			2,244		2,226,842
Iron Mountain, Inc.
Term Loan, 4.19%, (1 mo. USD LIBOR + 1.75%), Maturing January 2, 2026			916		889,422
J.D. Power and Associates
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing September 7, 2023			3,422		3,413,725
KAR Auction Services, Inc.
Term Loan, 4.88%, (3 mo. USD LIBOR + 2.25%), Maturing March 11, 2021			1,952		1,953,932
Kronos Incorporated
Term Loan, 5.58%, (3 mo. USD LIBOR + 3.00%), Maturing November 1, 2023			6,300		6,295,269
KUEHG Corp.
Term Loan, 6.35%, (3 mo. USD LIBOR + 3.75%), Maturing February 21, 2025			3,261		3,250,556
Term Loan - Second Lien, 10.85%, (3 mo. USD LIBOR + 8.25%), Maturing August 18, 2025			425		427,922

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Business Equipment and Services (continued)
Monitronics International, Inc.
Term Loan, 10.10%, (3 mo. USD LIBOR + 7.50%), Maturing September 30, 2022		1,900	$	1,818,203
PGX Holdings, Inc.
Term Loan, 7.69%, (1 mo. USD LIBOR + 5.25%), Maturing September 29, 2020		1,340		1,273,093
Ping Identity Corporation
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing January 24, 2025		372		372,653
Pre-Paid Legal Services, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing May 1, 2025		482		481,487
Prime Security Services Borrower, LLC
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing May 2, 2022		2,410		2,394,723
Red Ventures, LLC
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing November 8, 2024		1,057		1,058,286
SMG Holdings, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing January 23, 2025		248		246,185
Solera, LLC
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing March 3, 2023		2,377		2,366,394
Spin Holdco, Inc.
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing November 14, 2022		3,807		3,743,296
Tempo Acquisition, LLC
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2024		1,921		1,914,089
Trans Union, LLC
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing June 19, 2025		447		446,113
Vestcom Parent Holdings, Inc.
Term Loan, 6.44%, (1 mo. USD LIBOR + 4.00%), Maturing December 19, 2023		554		529,407
WASH Multifamily Laundry Systems, LLC
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing May 14, 2022		266		261,535
West Corporation
Term Loan, 6.02%, (USD LIBOR + 3.50%), Maturing October 10, 2024(4)		347		323,059
Term Loan, 6.52%, (USD LIBOR + 4.00%), Maturing October 10, 2024(4)		1,160		1,088,760
Worldpay, LLC
Term Loan, 4.17%, (USD LIBOR + 1.75%), Maturing August 9, 2024(4)		1,906		1,907,418

8 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Business Equipment and Services (continued)
ZPG PLC
Term Loan, 5.23%, (1 mo. GBP LIBOR + 4.50%), Maturing June 30, 2025	GBP		775	$	968,648
				$	80,960,666
Cable and Satellite Television — 6.1%
Altice France S.A.
Term Loan, 6.13%, (1 mo. USD LIBOR + 3.69%), Maturing January 31, 2026			794	$	766,308
Term Loan, 6.44%, (1 mo. USD LIBOR + 4.00%), Maturing August 14, 2026			1,255		1,225,585
Charter Communications Operating, LLC
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing April 30, 2025			3,802		3,798,419
CSC Holdings, LLC
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing July 17, 2025			3,743		3,683,725
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2026			1,097		1,089,706
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing January 25, 2026			1,361		1,349,907
Numericable Group S.A.
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing July 31, 2025	EUR		490		529,461
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing July 31, 2025			1,985		1,892,717
Radiate Holdco, LLC
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing February 1, 2024			2,043		2,016,879
Telenet Financing USD, LLC
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing August 15, 2026			2,750		2,722,500
Unitymedia Finance, LLC
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2026			1,050		1,044,641
Unitymedia Hessen GmbH & Co. KG
Term Loan, 2.75%, (6 mo. EURIBOR + 2.75%), Maturing January 15, 2027	EUR		1,000		1,118,927
UPC Financing Partnership
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2026			2,166		2,163,636
Virgin Media Bristol, LLC
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2026			7,400		7,348,614
Ziggo Secured Finance B.V.
Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), Maturing April 15, 2025	EUR		2,425		2,700,162

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Cable and Satellite Television (continued)
Ziggo Secured Finance Partnership
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing April 15, 2025			3,825	$	3,740,797
				$	37,191,984
Chemicals and Plastics — 6.5%
Alpha 3 B.V.
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.00%), Maturing January 31, 2024			1,341	$	1,326,353
Aruba Investments, Inc.
Term Loan, 5.68%, (1 mo. USD LIBOR + 3.25%), Maturing February 2, 2022			989		987,391
Ashland, Inc.
Term Loan, 4.19%, (1 mo. USD LIBOR + 1.75%), Maturing May 17, 2024			614		611,568
Axalta Coating Systems US Holdings, Inc.
Term Loan, 4.35%, (3 mo. USD LIBOR + 1.75%), Maturing June 1, 2024			2,685		2,645,155
Chemours Company (The)
Term Loan, 2.50%, (3 mo. EURIBOR + 2.00%, Floor 0.50%), Maturing March 21, 2025	EUR		641		720,052
Term Loan, 4.19%, (1 mo. USD LIBOR + 1.75%), Maturing April 3, 2025			339		331,639
Emerald Performance Materials, LLC
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing August 1, 2021			544		543,595
Term Loan - Second Lien, 10.19%, (1 mo. USD LIBOR + 7.75%), Maturing August 1, 2022			625		614,062
Ferro Corporation
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024			355		353,167
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024			363		360,845
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024			441		438,748
Flint Group GmbH
Term Loan, 5.58%, (3 mo. USD LIBOR + 3.00%), Maturing September 7, 2021			159		143,267
Flint Group US, LLC
Term Loan, 5.58%, (3 mo. USD LIBOR + 3.00%), Maturing September 7, 2021			963		866,646
Gemini HDPE, LLC
Term Loan, 5.09%, (3 mo. USD LIBOR + 2.50%), Maturing August 7, 2024			2,294		2,287,947
H.B. Fuller Company
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing October 20, 2024			1,916		1,890,194

9 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Chemicals and Plastics (continued)
Hexion, Inc.
DIP Loan, 5.35%, (3 mo. USD LIBOR + 2.75%), Maturing October 1, 2020			300	$	300,375
Ineos Finance PLC
Term Loan, 2.50%, (1 mo. EURIBOR + 2.00%, Floor 0.50%), Maturing March 31, 2024	EUR		3,234		3,590,803
Ineos US Finance, LLC
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing March 31, 2024			99		97,565
Invictus U.S., LLC
Term Loan, 5.52%, (3 mo. USD LIBOR + 3.00%), Maturing March 28, 2025			520		508,056
Kraton Polymers, LLC
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing March 5, 2025			1,015		1,012,496
Messer Industries GmbH
Term Loan, 5.10%, (3 mo. USD LIBOR + 2.50%), Maturing March 1, 2026			1,550		1,529,171
Minerals Technologies, Inc.
Term Loan, 4.72%, (USD LIBOR + 2.25%), Maturing February 14, 2024(4)			928		927,949
Momentive Performance Materials, Inc.
Term Loan, 5.65%, (1 week USD LIBOR + 3.25%), Maturing April 16, 2024			475		473,961
Orion Engineered Carbons GmbH
Term Loan, 4.60%, (3 mo. USD LIBOR + 2.00%), Maturing July 25, 2024			1,150		1,143,765
Term Loan, 2.25%, (3 mo. EURIBOR + 2.25%), Maturing July 31, 2024	EUR		823		923,473
Platform Specialty Products Corporation
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing January 30, 2026			698		696,796
PMHC II, Inc.
Term Loan, 6.15%, (USD LIBOR + 3.50%), Maturing March 31, 2025(4)			396		364,320
Polar US Borrower, LLC
Term Loan, 7.35%, (3 mo. USD LIBOR + 4.75%), Maturing October 15, 2025			997		975,056
PQ Corporation
Term Loan, 5.08%, (3 mo. USD LIBOR + 2.50%), Maturing February 8, 2025			2,869		2,860,894
Spectrum Holdings III Corp.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing January 31, 2025			360		342,792
Starfruit Finco B.V.
Term Loan, 3.75%, (6 mo. EURIBOR + 3.75%), Maturing October 1, 2025	EUR		475		533,465

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Chemicals and Plastics (continued)
Starfruit Finco B.V. (continued)
Term Loan, 5.72%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025			3,050	$	3,031,871
Tronox Finance, LLC
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing September 23, 2024			3,318		3,284,469
Univar, Inc.
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing July 1, 2024			2,222		2,215,430
Venator Materials Corporation
Term Loan, 5.52%, (3 mo. USD LIBOR + 3.00%), Maturing August 8, 2024			419		417,055
				$	39,350,391
Conglomerates — 0.3%
Kronos Acquisition Holdings, Inc.
Term Loan, 9.43%, (1 mo. USD LIBOR + 7.00%), Maturing May 15, 2023			1,500	$	1,492,500
Penn Engineering & Manufacturing Corp.
Term Loan, 5.18%, (1 mo. USD LIBOR + 2.75%), Maturing June 27, 2024			262		260,738
				$	1,753,238
Containers and Glass Products — 3.9%
Berlin Packaging, LLC
Term Loan, 5.48%, (USD LIBOR + 3.00%), Maturing November 7, 2025(4)			273	$	265,773
Berry Global, Inc.
Term Loan, 4.45%, (1 mo. USD LIBOR + 2.00%), Maturing October 1, 2022			873		871,761
Term Loan, Maturing May 15, 2026(5)	EUR		325		364,306
Term Loan, Maturing May 15, 2026(5)			1,025		1,021,028
BWAY Holding Company
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing April 3, 2024			2,541		2,481,359
Consolidated Container Company, LLC
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing May 22, 2024			419		416,231
Flex Acquisition Company, Inc.
Term Loan, 5.63%, (3 mo. USD LIBOR + 3.00%), Maturing December 29, 2023			3,424		3,302,056
Term Loan, 5.88%, (3 mo. USD LIBOR + 3.25%), Maturing June 29, 2025			1,525		1,470,869
Libbey Glass, Inc.
Term Loan, 5.46%, (1 mo. USD LIBOR + 3.00%), Maturing April 9, 2021			1,104		911,015

10 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Containers and Glass Products (continued)
Pelican Products, Inc.
Term Loan, 5.97%, (1 mo. USD LIBOR + 3.50%), Maturing May 1, 2025			645	$	635,045
Reynolds Group Holdings, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2023			5,741		5,708,184
Ring Container Technologies Group, LLC
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing October 31, 2024			914		909,231
Trident TPI Holdings, Inc.
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing October 17, 2024	EUR		1,358		1,447,357
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing October 17, 2024			766		740,559
Verallia Packaging S.A.S.
Term Loan, 2.75%, (1 mo. EURIBOR + 2.75%), Maturing October 29, 2022	EUR		1,493		1,668,687
Term Loan, 2.75%, (1 mo. EURIBOR + 2.75%), Maturing August 1, 2025	EUR		1,525		1,704,052
				$	23,917,513
Cosmetics / Toiletries — 0.3%
KIK Custom Products, Inc.
Term Loan, 6.43%, (1 mo. USD LIBOR + 4.00%), Maturing May 15, 2023			2,019	$	1,913,288
				$	1,913,288
Drugs — 5.6%
Albany Molecular Research, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing August 30, 2024			837	$	817,365
Term Loan - Second Lien, 9.44%, (1 mo. USD LIBOR + 7.00%), Maturing August 30, 2025			500		499,063
Alkermes, Inc.
Term Loan, 4.71%, (1 mo. USD LIBOR + 2.25%), Maturing March 23, 2023			400		398,910
Amneal Pharmaceuticals, LLC
Term Loan, 6.00%, (1 mo. USD LIBOR + 3.50%), Maturing May 4, 2025			3,771		3,750,592
Arbor Pharmaceuticals, Inc.
Term Loan, 7.60%, (3 mo. USD LIBOR + 5.00%), Maturing July 5, 2023			2,385		2,202,702
Bausch Health Companies, Inc.
Term Loan, 5.47%, (1 mo. USD LIBOR + 3.00%), Maturing June 2, 2025			6,335		6,313,462

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Drugs (continued)
Catalent Pharma Solutions, Inc.
Term Loan, 4.68%, (1 mo. USD LIBOR + 2.25%), Maturing May 18, 2026		875	$	875,000
Endo Luxembourg Finance Company I S.a.r.l.
Term Loan, 6.75%, (1 mo. USD LIBOR + 4.25%), Maturing April 29, 2024		6,603		6,398,897
Horizon Pharma, Inc.
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing May 22, 2026		2,721		2,724,876
Jaguar Holding Company II
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing August 18, 2022		7,000		6,929,758
Mallinckrodt International Finance S.A.
Term Loan, 5.35%, (3 mo. USD LIBOR + 2.75%), Maturing September 24, 2024		2,955		2,608,343
Term Loan, 5.53%, (3 mo. USD LIBOR + 3.00%), Maturing February 24, 2025		625		541,713
			$	34,060,681
Ecological Services and Equipment — 1.1%
Advanced Disposal Services, Inc.
Term Loan, 4.64%, (1 week USD LIBOR + 2.25%), Maturing November 10, 2023		2,168	$	2,165,165
EnergySolutions, LLC
Term Loan, 6.35%, (3 mo. USD LIBOR + 3.75%), Maturing May 9, 2025		1,990		1,888,250
GFL Environmental, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing May 30, 2025		2,581		2,531,204
Patriot Container Corp.
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing March 20, 2025		149		148,871
			$	6,733,490
Electronics / Electrical — 19.2%
Almonde, Inc.
Term Loan, 6.10%, (3 mo. USD LIBOR + 3.50%), Maturing June 13, 2024		3,775	$	3,706,754
Applied Systems, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing September 19, 2024		3,060		3,050,166
Term Loan - Second Lien, 9.44%, (1 mo. USD LIBOR + 7.00%), Maturing September 19, 2025		2,200		2,219,250
Aptean, Inc.
Term Loan, 6.69%, (1 mo. USD LIBOR + 4.25%), Maturing March 29, 2026		550		551,375

11 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Electronics / Electrical (continued)
Aptean, Inc. (continued)
Term Loan - Second Lien, 10.94%, (1 mo. USD LIBOR + 8.50%), Maturing March 29, 2027			1,525	$	1,509,750
Avast Software B.V.
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.25%), Maturing September 30, 2023			781		780,994
Barracuda Networks, Inc.
Term Loan, 5.77%, (3 mo. USD LIBOR + 3.25%), Maturing February 12, 2025			2,531		2,528,081
Blackhawk Network Holdings, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing June 15, 2025			844		836,506
BMC Software Finance, Inc.
Term Loan, 4.75%, (3 mo. EURIBOR + 4.75%), Maturing October 2, 2025	EUR		299		337,053
Term Loan, 6.85%, (3 mo. USD LIBOR + 4.25%), Maturing October 2, 2025			3,441		3,394,056
Canyon Valor Companies, Inc.
Term Loan, 5.35%, (3 mo. USD LIBOR + 2.75%), Maturing June 16, 2023			1,594		1,586,515
Carbonite, Inc.
Term Loan, 6.18%, (1 mo. USD LIBOR + 3.75%), Maturing March 26, 2026			450		452,438
Celestica, Inc.
Term Loan, 4.93%, (1 mo. USD LIBOR + 2.50%), Maturing June 27, 2025			374		366,581
Cohu, Inc.
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.00%), Maturing September 20, 2025			821		804,457
CommScope, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing April 6, 2026			1,850		1,847,303
CPI International, Inc.
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing July 26, 2024			714		713,827
Cypress Semiconductor Corporation
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing July 5, 2021			1,038		1,037,712
Datto, Inc.
Term Loan, 6.69%, (1 mo. USD LIBOR + 4.25%), Maturing April 2, 2026			375		378,125
DigiCert, Inc.
Term Loan, 6.44%, (1 mo. USD LIBOR + 4.00%), Maturing October 31, 2024			4,995		4,990,467
Electro Rent Corporation
Term Loan, 7.58%, (3 mo. USD LIBOR + 5.00%), Maturing January 31, 2024			1,344		1,352,463

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Electronics / Electrical (continued)
Energizer Holdings, Inc.
Term Loan, 4.75%, (1 mo. USD LIBOR + 2.25%), Maturing December 17, 2025			574	$	571,397
Epicor Software Corporation
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing June 1, 2022			4,590		4,581,570
Exact Merger Sub, LLC
Term Loan, 6.85%, (3 mo. USD LIBOR + 4.25%), Maturing September 27, 2024			665		667,646
EXC Holdings III Corp.
Term Loan, 6.10%, (3 mo. USD LIBOR + 3.50%), Maturing December 2, 2024			518		518,437
Financial & Risk US Holdings, Inc.
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing October 1, 2025			1,222		1,194,335
Flexera Software, LLC
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing February 26, 2025			272		272,440
GlobalLogic Holdings, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing August 1, 2025			457		457,364
Go Daddy Operating Company, LLC
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing February 15, 2024			5,741		5,739,553
GTCR Valor Companies, Inc.
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing June 16, 2023	EUR		493		551,114
Hyland Software, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing July 1, 2024			4,005		4,005,601
Term Loan - Second Lien, 9.44%, (1 mo. USD LIBOR + 7.00%), Maturing July 7, 2025			3,125		3,146,094
Infoblox, Inc.
Term Loan, 6.94%, (1 mo. USD LIBOR + 4.50%), Maturing November 7, 2023			2,062		2,065,337
Infor (US), Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing February 1, 2022			7,120		7,099,558
Informatica, LLC
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing August 5, 2022	EUR		346		388,117
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing August 5, 2022			4,595		4,599,826
MA FinanceCo., LLC
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing November 19, 2021			2,843		2,811,013
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024			506		499,711

12 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Electronics / Electrical (continued)
MACOM Technology Solutions Holdings, Inc.
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing May 17, 2024		1,284	$	1,195,034
Microchip Technology Incorporated
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing May 29, 2025		1,595		1,593,330
Mirion Technologies, Inc.
Term Loan, 6.59%, (3 mo. USD LIBOR + 4.00%), Maturing March 6, 2026		400		402,375
MKS Instruments, Inc.
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing February 2, 2026		375		375,797
MTS Systems Corporation
Term Loan, 5.68%, (1 mo. USD LIBOR + 3.25%), Maturing July 5, 2023		1,205		1,205,414
Prometric Holdings, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing January 29, 2025		322		320,745
Renaissance Holding Corp.
Term Loan, 5.73%, (2 mo. USD LIBOR + 3.25%), Maturing May 30, 2025		1,290		1,268,961
Term Loan - Second Lien, 9.48%, (2 mo. USD LIBOR + 7.00%), Maturing May 29, 2026		200		195,000
Seattle Spinco, Inc.
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024		3,415		3,374,674
SGS Cayman L.P.
Term Loan, 7.98%, (3 mo. USD LIBOR + 5.38%), Maturing April 23, 2021		399		398,750
SkillSoft Corporation
Term Loan, 7.18%, (1 mo. USD LIBOR + 4.75%), Maturing April 28, 2021		5,020		4,268,518
SolarWinds Holdings, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2024		3,464		3,449,080
SS&C Technologies Holdings Europe S.a.r.l.
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025		1,323		1,316,049
SS&C Technologies, Inc.
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing April 16, 2025		1,886		1,876,168
SurveyMonkey, Inc.
Term Loan, 6.15%, (1 week USD LIBOR + 3.75%), Maturing October 10, 2025		1,058		1,055,372
Sutherland Global Services, Inc.
Term Loan, 7.98%, (3 mo. USD LIBOR + 5.38%), Maturing April 23, 2021		1,713		1,713,012

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Electronics / Electrical (continued)
Switch, Ltd.
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing June 27, 2024			270	$	269,737
Tibco Software, Inc.
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing December 4, 2020			539		538,601
TriTech Software Systems
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing August 29, 2025			923		913,845
TTM Technologies, Inc.
Term Loan, 4.99%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2024			297		292,060
Uber Technologies
Term Loan, 5.93%, (1 mo. USD LIBOR + 3.50%), Maturing July 13, 2023			4,294		4,292,326
Term Loan, 6.45%, (1 mo. USD LIBOR + 4.00%), Maturing April 4, 2025			2,608		2,610,734
Ultimate Software Group, Inc. (The)
Term Loan, 6.27%, (3 mo. USD LIBOR + 3.75%), Maturing May 4, 2026			1,775		1,779,991
Ultra Clean Holdings, Inc.
Term Loan, 6.94%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025			938		907,636
Verifone Systems, Inc.
Term Loan, 6.52%, (3 mo. USD LIBOR + 4.00%), Maturing August 20, 2025			995		982,873
Term Loan, Maturing August 20, 2025(5)			275		272,193
Veritas Bermuda, Ltd.
Term Loan, 6.97%, (USD LIBOR + 4.50%), Maturing January 27, 2023(4)			2,409		2,202,055
Vero Parent, Inc.
Term Loan, 6.94%, (1 mo. USD LIBOR + 4.50%), Maturing August 16, 2024			2,586		2,583,062
Wall Street Systems Delaware, Inc.
Term Loan, 4.00%, (3 mo. EURIBOR + 3.00%, Floor 1.00%), Maturing November 21, 2024	EUR		615		684,545
Term Loan, 5.65%, (6 mo. USD LIBOR + 3.00%), Maturing November 21, 2024			726		703,543
Western Digital Corporation
Term Loan, 4.19%, (1 mo. USD LIBOR + 1.75%), Maturing April 29, 2023			1,685		1,632,547
				$	116,287,013
Equipment Leasing — 0.6%
Avolon TLB Borrower 1 (US), LLC
Term Loan, 4.19%, (1 mo. USD LIBOR + 1.75%), Maturing January 15, 2025			2,840	$	2,837,245

13 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Equipment Leasing (continued)
IBC Capital Limited
Term Loan, 6.36%, (3 mo. USD LIBOR + 3.75%), Maturing September 11, 2023			619	$	608,695
				$	3,445,940
Financial Intermediaries — 4.1%
Apollo Commercial Real Estate Finance, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing May 15, 2026			475	$	470,832
Aretec Group, Inc.
Term Loan, 6.69%, (1 mo. USD LIBOR + 4.25%), Maturing October 1, 2025			2,394		2,357,025
Blackstone Mortgage Trust, Inc.
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing April 23, 2026			400		401,000
Citco Funding, LLC
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2023			2,820		2,809,655
Clipper Acquisitions Corp.
Term Loan, 4.22%, (1 mo. USD LIBOR + 1.75%), Maturing December 27, 2024			1,259		1,254,341
Ditech Holding Corporation
Term Loan, 0.00%, Maturing June 30, 2022(6)			3,222		1,804,372
Donnelley Financial Solutions, Inc.
Term Loan, 5.47%, (1 mo. USD LIBOR + 3.00%), Maturing October 2, 2023			124		123,820
EIG Management Company, LLC
Term Loan, 6.18%, (1 mo. USD LIBOR + 3.75%), Maturing February 22, 2025			272		273,271
Evergood 4 ApS
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing February 6, 2025	EUR		750		841,586
Focus Financial Partners, LLC
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing July 3, 2024			1,985		1,985,000
Fortress Investment Group, LLC
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing December 27, 2022			937		938,112
Franklin Square Holdings L.P.
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing August 1, 2025			572		573,555
Greenhill & Co., Inc.
Term Loan, 5.70%, (1 mo. USD LIBOR + 3.25%), Maturing April 12, 2024			1,175		1,167,656
GreenSky Holdings, LLC
Term Loan, 5.75%, (1 mo. USD LIBOR + 3.25%), Maturing March 31, 2025			1,485		1,483,144

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Financial Intermediaries (continued)
Guggenheim Partners, LLC
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing July 21, 2023			1,127	$	1,129,682
Harbourvest Partners, LLC
Term Loan, 4.75%, (1 mo. USD LIBOR + 2.25%), Maturing March 1, 2025			1,110		1,105,567
LPL Holdings, Inc.
Term Loan, 4.68%, (1 mo. USD LIBOR + 2.25%), Maturing September 23, 2024			1,474		1,471,952
MIP Delaware, LLC
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.00%), Maturing March 9, 2020			109		109,191
Ocwen Loan Servicing, LLC
Term Loan, 7.43%, (1 mo. USD LIBOR + 5.00%), Maturing December 4, 2020			305		305,345
Sesac Holdco II, LLC
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing February 23, 2024			588		580,650
StepStone Group L.P.
Term Loan, 6.44%, (1 mo. USD LIBOR + 4.00%), Maturing March 14, 2025			644		644,304
Victory Capital Holdings, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing February 12, 2025			292		292,031
Virtus Investment Partners, Inc.
Term Loan, 4.87%, (3 mo. USD LIBOR + 2.25%), Maturing June 1, 2024			651		649,182
Walker & Dunlop, Inc.
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing October 31, 2025			2,294		2,291,382
				$	25,062,655
Food Products — 4.4%
Alphabet Holding Company, Inc.
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing September 26, 2024			2,561	$	2,462,829
Badger Buyer Corp.
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing September 30, 2024			369		359,217
CHG PPC Parent, LLC
Term Loan, 4.00%, (1 mo. EURIBOR + 4.00%), Maturing March 30, 2025	EUR		3,125		3,526,004
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing March 31, 2025			521		518,457
Del Monte Foods, Inc.
Term Loan, 5.78%, (3 mo. USD LIBOR + 3.25%), Maturing February 18, 2021			2,299		1,694,436

14 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Food Products (continued)
Dole Food Company, Inc.
Term Loan, 5.22%, (USD LIBOR + 2.75%), Maturing April 6, 2024(4)			1,817	$	1,772,362
Froneri International, Ltd.
Term Loan, 2.13%, (6 mo. EURIBOR + 2.13%), Maturing January 31, 2025	EUR		2,825		3,147,664
Hearthside Food Solutions, LLC
Term Loan, 6.13%, (1 mo. USD LIBOR + 3.69%), Maturing May 23, 2025			1,767		1,729,684
Term Loan, 6.44%, (1 mo. USD LIBOR + 4.00%), Maturing May 23, 2025			499		494,137
High Liner Foods Incorporated
Term Loan, 5.85%, (USD LIBOR + 3.25%), Maturing April 24, 2021(4)			814		757,065
HLF Financing S.a.r.l.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing August 18, 2025			1,119		1,122,374
Jacobs Douwe Egberts International B.V.
Term Loan, 2.50%, (3 mo. EURIBOR + 2.00%, Floor 0.50%), Maturing November 1, 2025	EUR		285		320,418
Term Loan, 4.50%, (1 mo. USD LIBOR + 2.00%), Maturing November 1, 2025			1,737		1,731,277
JBS USA Lux S.A.
Term Loan, 5.03%, (2 mo. USD LIBOR + 2.50%), Maturing May 1, 2026			4,450		4,450,396
Nomad Foods Europe Midco Limited
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing May 15, 2024			1,280		1,271,560
Post Holdings, Inc.
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing May 24, 2024			1,071		1,069,974
Restaurant Technologies, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025			224		224,438
				$	26,652,292
Food Service — 2.6%
1011778 B.C. Unlimited Liability Company
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing February 16, 2024			6,310	$	6,254,942
Aramark Services, Inc.
Term Loan, 4.19%, (1 mo. USD LIBOR + 1.75%), Maturing March 11, 2025			909		906,339
Del Frisco’s Restaurant Group, Inc.
Term Loan, 8.50%, (1 mo. USD LIBOR + 6.00%), Maturing June 27, 2025			645		621,739

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Food Service (continued)
Dhanani Group, Inc.
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing July 20, 2025			1,443	$	1,399,821
IRB Holding Corp.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing February 5, 2025			2,289		2,273,489
KFC Holding Co.
Term Loan, 4.19%, (1 mo. USD LIBOR + 1.75%), Maturing April 3, 2025			1,048		1,048,059
NPC International, Inc.
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing April 19, 2024			933		733,477
US Foods, Inc.
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing June 27, 2023			891		884,381
Welbilt, Inc.
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing October 23, 2025			1,684		1,671,117
				$	15,793,364
Food / Drug Retailers — 1.3%
Albertsons, LLC
Term Loan, 5.61%, (3 mo. USD LIBOR + 3.00%), Maturing December 21, 2022			1,466	$	1,463,030
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing June 22, 2023			3,963		3,951,375
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing November 17, 2025			1,122		1,115,587
Diplomat Pharmacy, Inc.
Term Loan, 6.94%, (1 mo. USD LIBOR + 4.50%), Maturing December 20, 2024			502		463,945
Holland & Barrett International
Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing August 9, 2024	EUR		450		426,815
Term Loan, 6.09%, (3 mo. GBP LIBOR + 5.25%), Maturing September 2, 2024	GBP		450		472,757
				$	7,893,509
Health Care — 12.8%
Acadia Healthcare Company, Inc.
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing February 11, 2022			257	$	256,522
ADMI Corp.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing April 30, 2025			1,836		1,812,026

15 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Health Care (continued)
Agiliti Health, Inc.
Term Loan, 5.50%, (1 mo. USD LIBOR + 3.00%), Maturing January 4, 2026		475	$	474,394
Akorn, Inc.
Term Loan, 9.44%, (1 mo. USD LIBOR + 7.00%), Maturing April 16, 2021		1,935		1,814,468
Alliance Healthcare Services, Inc.
Term Loan, 6.94%, (1 mo. USD LIBOR + 4.50%), Maturing October 24, 2023		848		848,716
Term Loan - Second Lien, 12.44%, (1 mo. USD LIBOR + 10.00%), Maturing April 24, 2024		525		521,063
Argon Medical Devices, Inc.
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing January 23, 2025		817		817,388
athenahealth, Inc.
Term Loan, 7.04%, (USD LIBOR + 4.50%), Maturing February 11, 2026(4)		2,025		2,027,531
Athletico Management, LLC
Term Loan, 5.97%, (1 mo. USD LIBOR + 3.50%), Maturing October 31, 2025		574		575,355
Avantor, Inc.
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing November 21, 2024		549		550,533
BioClinica, Inc.
Term Loan, 6.81%, (3 mo. USD LIBOR + 4.25%), Maturing October 20, 2023		1,517		1,433,645
BW NHHC Holdco, Inc.
Term Loan, 7.43%, (1 mo. USD LIBOR + 5.00%), Maturing May 15, 2025		1,067		992,252
Carestream Dental Equipment, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing September 1, 2024		1,379		1,362,624
Certara L.P.
Term Loan, 6.10%, (3 mo. USD LIBOR + 3.50%), Maturing August 15, 2024		985		982,537
CHG Healthcare Services, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing June 7, 2023		3,477		3,474,279
Concentra, Inc.
Term Loan, 5.22%, (1 mo. USD LIBOR + 2.75%), Maturing June 1, 2022		593		593,237
Convatec, Inc.
Term Loan, 4.85%, (3 mo. USD LIBOR + 2.25%), Maturing October 31, 2023		637		637,000
CPI Holdco, LLC
Term Loan, 6.08%, (3 mo. USD LIBOR + 3.50%), Maturing March 21, 2024		835		835,596

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Health Care (continued)
CryoLife, Inc.
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing November 14, 2024			518	$	520,165
CTC AcquiCo GmbH
Term Loan, 2.50%, (3 mo. EURIBOR + 2.50%), Maturing March 7, 2025	EUR		903		996,907
DaVita, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing June 24, 2021			1,925		1,926,121
Envision Healthcare Corporation
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing October 10, 2025			4,913		4,470,546
Equian, LLC
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing May 20, 2024			662		658,619
Gentiva Health Services, Inc.
Term Loan, 6.25%, (1 mo. USD LIBOR + 3.75%), Maturing July 2, 2025			2,164		2,166,438
GHX Ultimate Parent Corporation
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing June 28, 2024			985		973,530
Greatbatch Ltd.
Term Loan, 5.47%, (1 mo. USD LIBOR + 3.00%), Maturing October 27, 2022			1,618		1,622,553
Grifols Worldwide Operations USA, Inc.
Term Loan, 4.64%, (1 week USD LIBOR + 2.25%), Maturing January 31, 2025			3,651		3,639,921
Hanger, Inc.
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing March 6, 2025			1,139		1,141,821
Inovalon Holdings, Inc.
Term Loan, 6.00%, (1 mo. USD LIBOR + 3.50%), Maturing April 2, 2025			1,340		1,342,387
IQVIA, Inc.
Term Loan, 4.60%, (3 mo. USD LIBOR + 2.00%), Maturing March 7, 2024			551		550,198
Term Loan, 4.60%, (3 mo. USD LIBOR + 2.00%), Maturing January 17, 2025			985		984,179
Kinetic Concepts, Inc.
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing February 2, 2024			2,898		2,905,322
Medical Solutions, LLC
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing June 9, 2024			765		764,421
MPH Acquisition Holdings, LLC
Term Loan, 5.35%, (3 mo. USD LIBOR + 2.75%), Maturing June 7, 2023			3,314		3,248,630

16 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Health Care (continued)
National Mentor Holdings, Inc.
Term Loan, 6.69%, (1 mo. USD LIBOR + 4.25%), Maturing March 9, 2026		29	$	29,349
Term Loan, 6.69%, (1 mo. USD LIBOR + 4.25%), Maturing March 9, 2026		471		472,526
Navicure, Inc.
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing November 1, 2024		840		835,517
One Call Corporation
Term Loan, 7.69%, (1 mo. USD LIBOR + 5.25%), Maturing November 25, 2022		2,099		1,776,028
Ortho-Clinical Diagnostics SA
Term Loan, 5.70%, (1 mo. USD LIBOR + 3.25%), Maturing June 30, 2025		5,075		4,913,998
Parexel International Corporation
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing September 27, 2024		2,669		2,545,783
Phoenix Guarantor, Inc.
Term Loan, 6.96%, (USD LIBOR + 4.50%), Maturing March 5, 2026(4)		1,975		1,973,025
Press Ganey Holdings, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing October 23, 2023		806		802,154
Prospect Medical Holdings, Inc.
Term Loan, 8.00%, (1 mo. USD LIBOR + 5.50%), Maturing February 22, 2024		1,262		1,199,137
R1 RCM, Inc.
Term Loan, 7.69%, (1 mo. USD LIBOR + 5.25%), Maturing May 8, 2025		620		620,313
Radiology Partners Holdings, LLC
Term Loan, 7.36%, (USD LIBOR + 4.75%), Maturing July 9, 2025(4)		624		626,086
RadNet, Inc.
Term Loan, 6.14%, (3 mo. USD LIBOR + 3.50%), Maturing June 30, 2023		1,733		1,731,588
Select Medical Corporation
Term Loan, 4.93%, (1 mo. USD LIBOR + 2.50%), Maturing March 6, 2025		1,613		1,612,736
Sotera Health Holdings, LLC
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing May 15, 2022		896		893,047
Sound Inpatient Physicians
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing June 27, 2025		496		496,663
Surgery Center Holdings, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing September 2, 2024		1,059		1,041,668

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Health Care (continued)
Team Health Holdings, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing February 6, 2024		3,026	$	2,738,360
Tecomet, Inc.
Term Loan, 5.95%, (1 mo. USD LIBOR + 3.50%), Maturing May 1, 2024		835		837,213
U.S. Anesthesia Partners, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing June 23, 2024		1,702		1,699,049
Verscend Holding Corp.
Term Loan, 6.94%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025		1,617		1,621,918
Viant Medical Holdings, Inc.
Term Loan, 6.35%, (3 mo. USD LIBOR + 3.75%), Maturing July 2, 2025		498		497,086
Wink Holdco, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing December 2, 2024		494		485,418
			$	77,369,586
Home Furnishings — 0.8%
Bright Bidco B.V.
Term Loan, 6.05%, (USD LIBOR + 3.50%), Maturing June 30, 2024(4)		1,672	$	1,277,502
Serta Simmons Bedding, LLC
Term Loan, 5.96%, (1 mo. USD LIBOR + 3.50%), Maturing November 8, 2023		5,314		3,768,088
			$	5,045,590
Industrial Equipment — 6.3%
AI Alpine AT Bidco GmbH
Term Loan, 5.74%, (1 mo. USD LIBOR + 3.25%), Maturing October 31, 2025		249	$	246,258
Altra Industrial Motion Corp.
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing October 1, 2025		767		761,084
Apex Tool Group, LLC
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing February 1, 2022		2,567		2,496,590
Carlisle Foodservice Products, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing March 20, 2025		273		265,476
Clark Equipment Company
Term Loan, 4.60%, (3 mo. USD LIBOR + 2.00%), Maturing May 18, 2024		1,745		1,734,862

17 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Industrial Equipment (continued)
Coherent Holding GmbH
Term Loan, 2.75%, (3 mo. EURIBOR + 2.00%, Floor 0.75%), Maturing November 7, 2023	EUR		742	$	833,169
CPM Holdings, Inc.
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing November 15, 2025			324		321,351
Delachaux Group S.A.
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing March 28, 2026	EUR		400		451,468
Term Loan, 7.10%, (3 mo. USD LIBOR + 4.50%), Maturing March 28, 2026			475		473,813
DexKo Global, Inc.
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 24, 2024	EUR		326		364,488
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 24, 2024	EUR		816		911,220
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing July 24, 2024			907		907,288
DXP Enterprises, Inc.
Term Loan, 7.19%, (1 mo. USD LIBOR + 4.75%), Maturing August 29, 2023			542		543,104
Engineered Machinery Holdings, Inc.
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing July 19, 2024			1,829		1,789,880
Term Loan, 6.85%, (3 mo. USD LIBOR + 4.25%), Maturing July 19, 2024			324		324,458
EWT Holdings III Corp.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing December 20, 2024			2,130		2,124,829
Filtration Group Corporation
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing March 29, 2025	EUR		396		445,064
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing March 29, 2025			1,757		1,755,602
Gardner Denver, Inc.
Term Loan, 3.00%, (1 mo. EURIBOR + 3.00%), Maturing July 30, 2024	EUR		427		478,196
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing July 30, 2024			1,028		1,029,599
Gates Global, LLC
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing April 1, 2024	EUR		931		1,036,246
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing April 1, 2024			4,627		4,607,710
Hayward Industries, Inc.
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing August 5, 2024			493		482,496

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Industrial Equipment (continued)
LTI Holdings, Inc.
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing September 6, 2025			498	$	475,579
Milacron, LLC
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2023			2,703		2,649,171
Pro Mach Group, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing March 7, 2025			248		240,539
Quimper AB
Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing February 13, 2026	EUR		88		98,674
Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing February 13, 2026	EUR		1,812		2,037,934
Rexnord, LLC
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing August 21, 2024			2,287		2,287,166
Robertshaw US Holding Corp.
Term Loan, 6.00%, (1 mo. USD LIBOR + 3.50%), Maturing February 28, 2025			1,064		989,753
Shape Technologies Group, Inc.
Term Loan, 5.49%, (3 mo. USD LIBOR + 3.00%), Maturing April 21, 2025			248		240,061
Tank Holding Corp.
Term Loan, 6.68%, (USD LIBOR + 4.00%), Maturing March 26, 2026(4)			500		502,084
Thermon Industries, Inc.
Term Loan, 6.24%, (1 mo. USD LIBOR + 3.75%), Maturing October 24, 2024			329		331,459
Titan Acquisition Limited
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing March 28, 2025			3,143		3,030,093
Wittur GmbH
Term Loan, 5.00%, (3 mo. EURIBOR + 4.00%, Floor 1.00%), Maturing March 31, 2022	EUR		1,000		1,127,902
				$	38,394,666
Insurance — 5.3%
Alliant Holdings I, Inc.
Term Loan, 5.43%, (1 mo. USD LIBOR + 3.00%), Maturing May 9, 2025			2,563	$	2,508,615
Alliant Holdings Intermediate, LLC
Term Loan, 5.70%, (1 mo. USD LIBOR + 3.25%), Maturing May 9, 2025			475		469,656
AmWINS Group, Inc.
Term Loan, 5.20%, (1 mo. USD LIBOR + 2.75%), Maturing January 25, 2024			3,066		3,046,690

18 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Insurance (continued)
Asurion, LLC
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing August 4, 2022			4,718	$	4,707,134
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing November 3, 2023			2,300		2,294,914
Term Loan - Second Lien, 8.94%, (1 mo. USD LIBOR + 6.50%), Maturing August 4, 2025			4,200		4,273,500
Financiere CEP SAS
Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), Maturing January 16, 2025	EUR		550		615,680
FrontDoor, Inc.
Term Loan, 5.00%, (1 mo. USD LIBOR + 2.50%), Maturing August 14, 2025			498		497,500
Hub International, Ltd.
Term Loan, 5.59%, (USD LIBOR + 3.00%), Maturing April 25, 2025(4)			5,260		5,136,634
NFP Corp.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing January 8, 2024			3,741		3,648,601
Sedgwick Claims Management Services, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing December 31, 2025			1,272		1,258,300
USI, Inc.
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.00%), Maturing May 16, 2024			3,652		3,561,595
				$	32,018,819
Leisure Goods / Activities / Movies — 6.2%
AMC Entertainment Holdings, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing April 22, 2026			1,950	$	1,945,369
Amer Sports Oyj
Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), Maturing February 26, 2026	EUR		3,625		4,077,870
Ancestry.com Operations, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing October 19, 2023			3,369		3,363,958
Bombardier Recreational Products, Inc.
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing May 23, 2025			4,766		4,720,616
CDS U.S. Intermediate Holdings, Inc.
Term Loan, 6.26%, (USD LIBOR + 3.75%), Maturing July 8, 2022(4)			1,255		1,225,813
ClubCorp Holdings, Inc.
Term Loan, 5.35%, (3 mo. USD LIBOR + 2.75%), Maturing September 18, 2024			2,410		2,324,486

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Leisure Goods / Activities / Movies (continued)
Crown Finance US, Inc.
Term Loan, 2.38%, (1 mo. EURIBOR + 2.38%), Maturing February 28, 2025	EUR		916	$	1,022,604
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing February 28, 2025			1,793		1,769,615
Delta 2 (LUX) S.a.r.l.
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing February 1, 2024			1,780		1,746,321
Emerald Expositions Holding, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing May 22, 2024			1,184		1,166,119
Etraveli Holding AB
Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), Maturing August 2, 2024	EUR		850		952,664
Lindblad Expeditions, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing March 21, 2025			344		345,784
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing March 21, 2025			1,376		1,383,137
Live Nation Entertainment, Inc.
Term Loan, 4.25%, (1 mo. USD LIBOR + 1.75%), Maturing October 31, 2023			2,777		2,774,076
Match Group, Inc.
Term Loan, 5.04%, (2 mo. USD LIBOR + 2.50%), Maturing November 16, 2022			558		559,207
Sabre GLBL, Inc.
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing February 22, 2024			1,037		1,032,101
SeaWorld Parks & Entertainment, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing March 31, 2024			1,939		1,939,849
SRAM, LLC
Term Loan, 5.33%, (2 mo. USD LIBOR + 2.75%), Maturing March 15, 2024			1,528		1,526,076
Steinway Musical Instruments, Inc.
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing February 13, 2025			916		902,014
Travel Leaders Group, LLC
Term Loan, 6.44%, (1 mo. USD LIBOR + 4.00%), Maturing January 25, 2024			993		991,259
UFC Holdings, LLC
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing April 30, 2026			1,886		1,887,039
				$	37,655,977

19 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Lodging and Casinos — 6.1%
Aimbridge Acquisition Co., Inc.
Term Loan, 6.24%, (1 mo. USD LIBOR + 3.75%), Maturing February 2, 2026			275	$	276,719
Aristocrat Technologies, Inc.
Term Loan, 4.34%, (3 mo. USD LIBOR + 1.75%), Maturing October 19, 2024			1,125		1,113,224
Azelis Finance S.A.
Term Loan, 4.00%, (1 mo. EURIBOR + 4.00%), Maturing November 7, 2025	EUR		2,000		2,252,686
Boyd Gaming Corporation
Term Loan, 4.64%, (1 week USD LIBOR + 2.25%), Maturing September 15, 2023			984		980,535
CityCenter Holdings, LLC
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing April 18, 2024			2,681		2,659,610
Eldorado Resorts, LLC
Term Loan, 4.72%, (1 mo. USD LIBOR + 2.25%), Maturing April 17, 2024			891		889,832
ESH Hospitality, Inc.
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing August 30, 2023			1,265		1,261,801
Four Seasons Hotels Limited
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing November 30, 2023			1,002		998,806
Golden Nugget, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing October 4, 2023			4,355		4,340,066
GVC Holdings PLC
Term Loan, 2.75%, (6 mo. EURIBOR + 2.75%), Maturing March 29, 2024	EUR		1,350		1,512,461
Term Loan, 4.53%, (6 mo. GBP LIBOR + 3.50%), Maturing March 29, 2024	GBP		700		886,397
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing March 29, 2024			1,188		1,187,505
Hanjin International Corp.
Term Loan, 4.93%, (1 mo. USD LIBOR + 2.50%), Maturing October 18, 2020			550		545,875
Hilton Worldwide Finance, LLC
Term Loan, 4.18%, (1 mo. USD LIBOR + 1.75%), Maturing October 25, 2023			3,719		3,715,380
Las Vegas Sands, LLC
Term Loan, 4.19%, (1 mo. USD LIBOR + 1.75%), Maturing March 27, 2025			1,114		1,102,812
MGM Growth Properties Operating Partnership L.P.
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing March 21, 2025			2,037		2,023,951

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Lodging and Casinos (continued)
Playa Resorts Holding B.V.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing April 29, 2024			2,609	$	2,568,155
Stars Group Holdings B.V. (The)
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 10, 2025	EUR		1,000		1,126,576
Term Loan, 6.10%, (3 mo. USD LIBOR + 3.50%), Maturing July 10, 2025			3,892		3,897,338
VICI Properties 1, LLC
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing December 20, 2024			2,315		2,302,477
Wyndham Hotels & Resorts, Inc.
Term Loan, 4.19%, (1 mo. USD LIBOR + 1.75%), Maturing May 30, 2025			1,393		1,389,268
				$	37,031,474
Nonferrous Metals / Minerals — 1.2%
CD&R Hydra Buyer, Inc.
Term Loan, 7.50%, (0.00% cash, 7.50% PIK), Maturing August 15, 2021(3)(7)			145	$	120,464
Dynacast International, LLC
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing January 28, 2022			1,308		1,280,677
Global Brass & Copper, Inc.
Term Loan, 5.00%, (1 mo. USD LIBOR + 2.50%), Maturing May 29, 2025			902		902,439
Murray Energy Corporation
Term Loan, 9.77%, (3 mo. USD LIBOR + 7.25%), Maturing October 17, 2022			2,073		1,606,726
Noranda Aluminum Acquisition Corporation
Term Loan, 0.00%, Maturing February 28, 2020(6)			942		4,121
Oxbow Carbon, LLC
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing January 4, 2023			1,451		1,455,991
Term Loan - Second Lien, 9.94%, (1 mo. USD LIBOR + 7.50%), Maturing January 4, 2024			800		802,000
Rain Carbon GmbH
Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), Maturing January 16, 2025	EUR		1,025		1,100,229
				$	7,272,647
Oil and Gas — 3.3%
Ameriforge Group, Inc.
Term Loan, 9.60%, (3 mo. USD LIBOR + 7.00%), Maturing June 8, 2022			764	$	760,043

20 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Oil and Gas (continued)
Apergy Corporation
Term Loan, 5.03%, (1 mo. USD LIBOR + 2.50%), Maturing May 9, 2025		312	$	311,260
Centurion Pipeline Company, LLC
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing September 29, 2025		274		275,170
CITGO Petroleum Corporation
Term Loan, 7.60%, (3 mo. USD LIBOR + 5.00%), Maturing July 29, 2021		1,051		1,049,843
Term Loan, 7.60%, (3 mo. USD LIBOR + 5.00%), Maturing March 22, 2024		3,275		3,277,728
Delek US Holdings, Inc.
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing March 31, 2025		596		591,530
Equitrans Midstream Corporation
Term Loan, 6.94%, (1 mo. USD LIBOR + 4.50%), Maturing January 31, 2024		2,020		2,040,137
Fieldwood Energy, LLC
Term Loan, 7.69%, (1 mo. USD LIBOR + 5.25%), Maturing April 11, 2022		2,775		2,606,011
McDermott Technology Americas, Inc.
Term Loan, 7.44%, (1 mo. USD LIBOR + 5.00%), Maturing May 10, 2025		1,312		1,278,000
MEG Energy Corp.
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing December 31, 2023		1,574		1,571,647
Prairie ECI Acquiror L.P.
Term Loan, 7.37%, (3 mo. USD LIBOR + 4.75%), Maturing March 11, 2026		2,500		2,523,438
PSC Industrial Holdings Corp.
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing October 3, 2024		765		764,356
Sheridan Investment Partners II L.P.
Term Loan, 6.02%, (3 mo. USD LIBOR + 3.50%), Maturing December 16, 2020		736		459,932
Term Loan, 8.00%, (3 mo. USD Prime + 2.50%), Maturing December 16, 2020		38		23,861
Term Loan, 8.00%, (3 mo. USD Prime + 2.50%), Maturing December 16, 2020		102		63,980
Sheridan Production Partners I, LLC
Term Loan, 6.11%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019		122		88,664
Term Loan, 6.11%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019		200		145,158
Term Loan, 6.11%, (3 mo. USD LIBOR + 3.50%), Maturing October 1, 2019		1,511		1,095,468

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Oil and Gas (continued)
Ultra Resources, Inc.
Term Loan, 6.43%, (6.18% cash (1 mo. USD LIBOR + 3.75%), 0.25% PIK), Maturing April 12, 2024		1,551	$	1,298,684
			$	20,224,910
Publishing — 1.3%
Ascend Learning, LLC
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing July 12, 2024		1,207	$	1,197,387
Getty Images, Inc.
Term Loan, 7.00%, (1 mo. USD LIBOR + 4.50%), Maturing February 19, 2026		1,771		1,766,678
Harland Clarke Holdings Corp.
Term Loan, 7.35%, (3 mo. USD LIBOR + 4.75%), Maturing November 3, 2023		907		760,084
Lamar Media Corporation
Term Loan, 4.25%, (1 mo. USD LIBOR + 1.75%), Maturing March 14, 2025		569		570,851
LSC Communications, Inc.
Term Loan, 7.90%, (1 week USD LIBOR + 5.50%), Maturing September 30, 2022		897		895,463
Multi Color Corporation
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing October 31, 2024		346		345,337
ProQuest, LLC
Term Loan, 5.85%, (3 mo. USD LIBOR + 3.25%), Maturing October 24, 2021		1,922		1,921,932
Tweddle Group, Inc.
Term Loan, 6.93%, (1 mo. USD LIBOR + 4.50%), Maturing September 17, 2023		235		225,155
			$	7,682,887
Radio and Television — 3.3%
ALM Media Holdings, Inc.
Term Loan, 7.10%, (3 mo. USD LIBOR + 4.50%), Maturing July 31, 2020		414	$	388,446
Cumulus Media New Holdings, Inc.
Term Loan, 6.94%, (1 mo. USD LIBOR + 4.50%), Maturing May 15, 2022		3,283		3,273,765
E.W. Scripps Company (The)
Term Loan, 5.24%, (1 mo. USD LIBOR + 2.75%), Maturing April 3, 2026		325		324,847
Entercom Media Corp.
Term Loan, 5.18%, (1 mo. USD LIBOR + 2.75%), Maturing November 18, 2024		1,066		1,065,700

21 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Radio and Television (continued)
Entravision Communications Corporation
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing November 29, 2024		962	$	926,686
Gray Television, Inc.
Term Loan, 4.73%, (1 mo. USD LIBOR + 2.25%), Maturing February 7, 2024		255		253,663
Term Loan, 4.98%, (1 mo. USD LIBOR + 2.50%), Maturing January 2, 2026		748		746,255
Hubbard Radio, LLC
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing March 28, 2025		863		862,684
iHeartCommunications, Inc.
Term Loan, 6.58%, (3 mo. USD LIBOR + 4.00%), Maturing May 1, 2026		1,558		1,561,959
Mission Broadcasting, Inc.
Term Loan, 4.74%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024		360		356,933
Nexstar Broadcasting, Inc.
Term Loan, 4.68%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024		1,883		1,865,751
Sinclair Television Group, Inc.
Term Loan, 4.69%, (1 mo. USD LIBOR + 2.25%), Maturing January 3, 2024		541		539,837
Univision Communications, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing March 15, 2024		8,343		7,931,218
			$	20,097,744
Retailers (Except Food and Drug) — 3.6%
Ascena Retail Group, Inc.
Term Loan, 7.00%, (1 mo. USD LIBOR + 4.50%), Maturing August 21, 2022		2,070	$	1,754,390
Bass Pro Group, LLC
Term Loan, 7.44%, (1 mo. USD LIBOR + 5.00%), Maturing September 25, 2024		1,404		1,370,718
BJ’s Wholesale Club, Inc.
Term Loan, 5.45%, (1 mo. USD LIBOR + 3.00%), Maturing February 3, 2024		989		991,020
CDW, LLC
Term Loan, 4.19%, (1 mo. USD LIBOR + 1.75%), Maturing August 17, 2023		3,928		3,927,963
Coinamatic Canada, Inc.
Term Loan, 5.69%, (1 mo. USD LIBOR + 3.25%), Maturing May 14, 2022		47		45,802
David’s Bridal, Inc.
Term Loan, 9.95%, (1 mo. USD LIBOR + 7.50%), Maturing July 17, 2023		269		273,497

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Retailers (Except Food and Drug) (continued)
David’s Bridal, Inc. (continued)
Term Loan, 10.45%, (1 mo. USD LIBOR + 8.00%), Maturing January 18, 2024		1,024	$	829,348
Global Appliance, Inc.
Term Loan, 6.44%, (1 mo. USD LIBOR + 4.00%), Maturing September 29, 2024		998		994,202
Harbor Freight Tools USA, Inc.
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing August 18, 2023		564		550,551
Hoya Midco, LLC
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing June 30, 2024		2,072		2,041,951
J. Crew Group, Inc.
Term Loan, 5.51%, (USD LIBOR + 3.00%), Maturing March 5, 2021(3)(4)		3,119		2,343,983
LSF9 Atlantis Holdings, LLC
Term Loan, 8.47%, (1 mo. USD LIBOR + 6.00%), Maturing May 1, 2023		1,052		994,022
PetSmart, Inc.
Term Loan, 6.72%, (1 mo. USD LIBOR + 4.25%), Maturing March 11, 2022		4,329		4,188,720
PFS Holding Corporation
Term Loan, 5.97%, (1 mo. USD LIBOR + 3.50%), Maturing January 31, 2021		2,351		916,725
Pier 1 Imports (U.S.), Inc.
Term Loan, 6.38%, (6 mo. USD LIBOR + 3.50%), Maturing April 30, 2021		548		224,552
Radio Systems Corporation
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing May 2, 2024		442		438,809
			$	21,886,253
Steel — 1.2%
Atkore International, Inc.
Term Loan, 5.36%, (3 mo. USD LIBOR + 2.75%), Maturing December 22, 2023		1,382	$	1,374,876
GrafTech Finance, Inc.
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing February 12, 2025		2,781		2,763,867
Neenah Foundry Company
Term Loan, 9.01%, (2 mo. USD LIBOR + 6.50%), Maturing December 13, 2022		767		759,663
Phoenix Services International, LLC
Term Loan, 6.20%, (1 mo. USD LIBOR + 3.75%), Maturing March 1, 2025		891		892,114

22 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Steel (continued)
Zekelman Industries, Inc.
Term Loan, 4.68%, (1 mo. USD LIBOR + 2.25%), Maturing June 14, 2021			1,211	$	1,207,630
				$	6,998,150
Surface Transport — 0.9%
1199169 B.C. Unlimited Liability Company
Term Loan, 6.60%, (3 mo. USD LIBOR + 4.00%), Maturing April 6, 2026			288	$	289,744
Agro Merchants NAI Holdings, LLC
Term Loan, 6.35%, (3 mo. USD LIBOR + 3.75%), Maturing December 6, 2024			395		393,657
Hertz Corporation (The)
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing June 30, 2023			1,101		1,094,243
Kenan Advantage Group, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing July 31, 2022			118		116,916
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing July 31, 2022			390		384,469
PODS, LLC
Term Loan, 5.20%, (1 mo. USD LIBOR + 2.75%), Maturing December 6, 2024			665		657,675
Stena International S.a.r.l.
Term Loan, 5.61%, (3 mo. USD LIBOR + 3.00%), Maturing March 3, 2021			1,663		1,630,635
XPO Logistics, Inc.
Term Loan, 4.44%, (1 mo. USD LIBOR + 2.00%), Maturing February 24, 2025			650		645,464
				$	5,212,803
Telecommunications — 5.9%
CenturyLink, Inc.
Term Loan, 5.19%, (1 mo. USD LIBOR + 2.75%), Maturing January 31, 2025			5,505	$	5,364,811
Colorado Buyer, Inc.
Term Loan, 5.60%, (3 mo. USD LIBOR + 3.00%), Maturing May 1, 2024			1,674		1,593,001
Digicel International Finance Limited
Term Loan, 5.78%, (3 mo. USD LIBOR + 3.25%), Maturing May 28, 2024			1,798		1,617,867
eircom Finco S.a.r.l.
Term Loan, 3.00%, (1 mo. EURIBOR + 3.00%), Maturing April 19, 2024	EUR		2,217		2,477,158
Term Loan, Maturing April 23, 2026(5)	EUR		575		643,014

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Telecommunications (continued)
Frontier Communications Corp.
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing June 15, 2024			2,039	$	2,005,559
Gamma Infrastructure III B.V.
Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), Maturing January 9, 2025	EUR		1,650		1,822,560
Global Eagle Entertainment, Inc.
Term Loan, 10.35%, (6 mo. USD LIBOR + 7.50%), Maturing January 6, 2023			2,197		2,114,637
Intelsat Jackson Holdings S.A.
Term Loan, 6.18%, (1 mo. USD LIBOR + 3.75%), Maturing November 27, 2023			2,400		2,371,200
Term Loan, 6.93%, (1 mo. USD LIBOR + 4.50%), Maturing January 2, 2024			1,600		1,605,501
IPC Corp.
Term Loan, 7.09%, (3 mo. USD LIBOR + 4.50%), Maturing August 6, 2021			1,230		1,045,748
Onvoy, LLC
Term Loan, 7.10%, (3 mo. USD LIBOR + 4.50%), Maturing February 10, 2024			1,764		1,455,300
Plantronics, Inc.
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing July 2, 2025			1,356		1,350,331
Sprint Communications, Inc.
Term Loan, 5.00%, (1 mo. USD LIBOR + 2.50%), Maturing February 2, 2024			3,724		3,640,180
Term Loan, 5.50%, (1 mo. USD LIBOR + 3.00%), Maturing February 2, 2024			823		815,213
Syniverse Holdings, Inc.
Term Loan, 7.44%, (1 mo. USD LIBOR + 5.00%), Maturing March 9, 2023			1,040		971,933
Telesat Canada
Term Loan, 5.11%, (3 mo. USD LIBOR + 2.50%), Maturing November 17, 2023			5,014		4,963,819
				$	35,857,832
Utilities — 3.1%
Brookfield WEC Holdings, Inc.
Term Loan, 5.94%, (1 mo. USD LIBOR + 3.50%), Maturing August 1, 2025			2,419	$	2,418,333
Calpine Construction Finance Company L.P.
Term Loan, 4.94%, (1 mo. USD LIBOR + 2.50%), Maturing January 15, 2025			956		949,268
Calpine Corporation
Term Loan, 5.11%, (3 mo. USD LIBOR + 2.50%), Maturing January 15, 2024			3,393		3,367,367
Term Loan, 5.34%, (3 mo. USD LIBOR + 2.75%), Maturing April 5, 2026			950		948,516

23 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Utilities (continued)
Dayton Power & Light Company (The)
Term Loan, 4.43%, (1 mo. USD LIBOR + 2.00%), Maturing August 24, 2022		611	$	612,465
Granite Acquisition, Inc.
Term Loan, 6.10%, (3 mo. USD LIBOR + 3.50%), Maturing December 19, 2021		2,642		2,649,542
Term Loan, 6.10%, (3 mo. USD LIBOR + 3.50%), Maturing December 19, 2021		120		119,939
Lightstone Holdco, LLC
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing January 30, 2024		86		85,063
Term Loan, 6.19%, (1 mo. USD LIBOR + 3.75%), Maturing January 30, 2024		1,524		1,508,174
Longview Power, LLC
Term Loan, 8.59%, (3 mo. USD LIBOR + 6.00%), Maturing April 13, 2021		3,176		2,842,744
Talen Energy Supply, LLC
Term Loan, 6.44%, (1 mo. USD LIBOR + 4.00%), Maturing July 15, 2023		896		896,448
Term Loan, 6.44%, (1 mo. USD LIBOR + 4.00%), Maturing April 15, 2024		779		779,200
USIC Holdings, Inc.
Term Loan, 5.44%, (1 mo. USD LIBOR + 3.00%), Maturing December 8, 2023		198		195,895
Vistra Operations Company, LLC
Term Loan, 4.43%, (1 mo. USD LIBOR + 2.00%), Maturing December 31, 2025		1,141		1,138,886
			$	18,511,840
Total Senior Floating-Rate Loans (identified cost $883,389,920)			$	858,133,723
Corporate Bonds & Notes — 5.1%
Security	Principal Amount* (000’s omitted)		Value
Aerospace and Defense — 0.1%
Huntington Ingalls Industries, Inc.
5.00%, 11/15/25(8)		10	$	10,325
TransDigm, Inc.
6.50%, 7/15/24		80		80,008
6.25%, 3/15/26(8)		400		409,000
7.50%, 3/15/27(8)		85		85,850
			$	585,183

Security	Principal Amount* (000’s omitted)		Value
Building and Development — 0.1%
Builders FirstSource, Inc.
5.625%, 9/1/24(8)		6	$	6,015
Hillman Group, Inc. (The)
6.375%, 7/15/22(8)		53		48,495
Reliance Intermediate Holdings, L.P.
6.50%, 4/1/23(8)		120		123,300
Standard Industries, Inc.
6.00%, 10/15/25(8)		50		51,812
TRI Pointe Group, Inc./TRI Pointe Homes, Inc.
4.375%, 6/15/19		45		44,719
5.875%, 6/15/24		8		7,961
			$	282,302
Business Equipment and Services — 0.3%
First Data Corp.
5.00%, 1/15/24(8)		20	$	20,437
Prime Security Services Borrower, LLC/Prime Finance, Inc.
5.25%, 4/15/24(8)		750		737,835
5.75%, 4/15/26(8)		750		742,500
ServiceMaster Co., LLC (The)
7.45%, 8/15/27		45		47,925
Solera, LLC/Solera Finance, Inc.
10.50%, 3/1/24(8)		15		16,218
			$	1,564,915
Cable and Satellite Television — 0.0%(9)
Cablevision Systems Corp.
5.875%, 9/15/22		15	$	15,558
CCO Holdings, LLC/CCO Holdings Capital Corp.
5.25%, 9/30/22		26		26,379
5.75%, 1/15/24		10		10,200
5.375%, 5/1/25(8)		95		97,228
5.75%, 2/15/26(8)		45		46,800
CSC Holdings, LLC
5.25%, 6/1/24		10		10,103
DISH DBS Corp.
6.75%, 6/1/21		20		20,700
5.875%, 7/15/22		25		24,664
5.875%, 11/15/24		5		4,506
			$	256,138
Chemicals and Plastics — 0.3%
Hexion, Inc.
6.625%, 4/15/20(6)		2,000	$	1,610,000

24 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Security	Principal Amount* (000’s omitted)		Value
Chemicals and Plastics (continued)
W.R. Grace & Co.
5.125%, 10/1/21(8)		30	$	30,516
5.625%, 10/1/24(8)		15		15,750
			$	1,656,266
Conglomerates — 0.0%(9)
Spectrum Brands, Inc.
6.625%, 11/15/22		17	$	17,383
5.75%, 7/15/25		75		76,496
			$	93,879
Consumer Products — 0.0%(9)
Central Garden & Pet Co.
6.125%, 11/15/23		25	$	25,938
			$	25,938
Containers and Glass Products — 0.9%
Berry Global, Inc.
6.00%, 10/15/22		25	$	25,500
Owens-Brockway Glass Container, Inc.
5.875%, 8/15/23(8)		35		36,709
6.375%, 8/15/25(8)		15		15,750
Reynolds Group Issuer, Inc./Reynolds Group Issuer, LLC
5.75%, 10/15/20		4,216		4,227,422
6.097%, (3 mo. USD LIBOR + 3.50%), 7/15/21(8)(10)		1,050		1,056,563
			$	5,361,944
Drugs — 0.7%
Bausch Health Companies, Inc.
6.50%, 3/15/22(8)		887	$	918,231
7.00%, 3/15/24(8)		1,153		1,207,047
5.50%, 11/1/25(8)		1,875		1,889,062
Jaguar Holding Co. II/Pharmaceutical Product Development, LLC
6.375%, 8/1/23(8)		75		76,328
			$	4,090,668
Ecological Services and Equipment — 0.0%(9)
Clean Harbors, Inc.
5.125%, 6/1/21		25	$	25,094
Covanta Holding Corp.
5.875%, 3/1/24		25		25,687
			$	50,781

Security		Principal Amount* (000’s omitted)		Value
Electronics / Electrical — 0.0%(9)
Infor (US), Inc.
6.50%, 5/15/22			50	$	50,697
				$	50,697
Financial Intermediaries — 0.0%(9)
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp.
6.25%, 2/1/22			40	$	40,850
JPMorgan Chase & Co.
Series S, 6.75% to 2/1/24(11)(12)			80		87,949
Navient Corp.
5.00%, 10/26/20			30		30,412
				$	159,211
Food Products — 0.1%
Iceland Bondco PLC
5.071%, (3 mo. GBP LIBOR + 4.25%), 7/15/20(8)(10)	GBP		210	$	265,689
Post Holdings, Inc.
8.00%, 7/15/25(8)			20		21,300
				$	286,989
Food Service — 0.0%(9)
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc.
4.625%, 1/15/22(8)			65	$	65,163
				$	65,163
Food / Drug Retailers — 0.2%
Fresh Market, Inc. (The)
9.75%, 5/1/23(8)			1,300	$	968,500
				$	968,500
Health Care — 1.0%
Avantor, Inc.
6.00%, 10/1/24(8)			1,425	$	1,483,425
Centene Corp.
4.75%, 5/15/22			20		20,269
CHS/Community Health Systems, Inc.
6.25%, 3/31/23			1,650		1,577,317
HCA Healthcare, Inc.
6.25%, 2/15/21			90		94,050
HCA, Inc.
6.50%, 2/15/20			20		20,476
5.875%, 2/15/26			25		26,563

25 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Security	Principal Amount* (000’s omitted)		Value
Health Care (continued)
Hologic, Inc.
4.375%, 10/15/25(8)		30	$	29,813
RegionalCare Hospital Partners Holdings, Inc.
8.25%, 5/1/23(8)		1,850		1,965,625
Syneos Health, Inc./inVentiv Health, Inc./inVentiv Health Clinical, Inc.
7.50%, 10/1/24(8)		27		28,215
Teleflex, Inc.
5.25%, 6/15/24		20		20,600
Tenet Healthcare Corp.
6.00%, 10/1/20		60		61,863
4.375%, 10/1/21		675		683,573
8.125%, 4/1/22		45		47,068
6.75%, 6/15/23		10		9,999
			$	6,068,856
Insurance — 0.0%(9)
Alliant Holdings Intermediate, LLC/Alliant HoldingsCo-Issuer
8.25%, 8/1/23(8)		40	$	41,000
			$	41,000
Internet Software & Services — 0.0%(9)
Netflix, Inc.
5.50%, 2/15/22		45	$	47,025
5.875%, 2/15/25		55		58,486
Riverbed Technology, Inc.
8.875%, 3/1/23(8)		40		26,400
			$	131,911
Leisure Goods / Activities / Movies — 0.2%
National CineMedia, LLC
6.00%, 4/15/22		775	$	783,719
Sabre GLBL, Inc.
5.375%, 4/15/23(8)		25		25,317
5.25%, 11/15/23(8)		40		40,400
Viking Cruises, Ltd.
6.25%, 5/15/25(8)		45		46,012
			$	895,448
Lodging and Casinos — 0.0%(9)
ESH Hospitality, Inc.
5.25%, 5/1/25(8)		35	$	35,088
GLP Capital, L.P./GLP Financing II, Inc.
4.875%, 11/1/20		75		76,304

Security	Principal Amount* (000’s omitted)		Value
Lodging and Casinos (continued)
MGM Growth Properties Operating Partnership, L.P./MGP FinanceCo-Issuer, Inc.
5.625%, 5/1/24		15	$	15,544
MGM Resorts International
6.625%, 12/15/21		90		96,106
7.75%, 3/15/22		25		27,625
RHP Hotel Properties, L.P./RHP Finance Corp.
5.00%, 4/15/23		30		30,300
			$	280,967
Nonferrous Metals / Minerals — 0.0%(9)
Eldorado Gold Corp.
6.125%, 12/15/20(8)		91	$	91,073
New Gold, Inc.
6.25%, 11/15/22(8)		12		10,260
			$	101,333
Oil and Gas — 0.2%
Antero Resources Corp.
5.375%, 11/1/21		100	$	100,027
5.625%, 6/1/23		5		4,962
CITGO Petroleum Corp.
6.25%, 8/15/22(8)		775		775,969
CVR Refining, LLC/Coffeyville Finance, Inc.
6.50%, 11/1/22		130		131,137
Energy Transfer Operating, L.P.
5.875%, 1/15/24		35		38,267
Gulfport Energy Corp.
6.625%, 5/1/23		35		32,375
Newfield Exploration Co.
5.625%, 7/1/24		130		142,771
Parsley Energy, LLC/Parsley Finance Corp.
5.25%, 8/15/25(8)		15		14,775
PBF Logistics, L.P./PBF Logistics Finance Corp.
6.875%, 5/15/23		50		50,750
Seven Generations Energy, Ltd.
6.75%, 5/1/23(8)		65		65,650
6.875%, 6/30/23(8)		30		30,375
Williams Cos., Inc. (The)
4.55%, 6/24/24		5		5,308
			$	1,392,366

26 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Security	Principal Amount* (000’s omitted)		Value
Publishing — 0.0%(9)
Tribune Media Co.
5.875%, 7/15/22		35	$	35,558
			$	35,558
Radio and Television — 0.2%
Clear Channel Worldwide Holdings, Inc.
Series A, 6.50%, 11/15/22		50	$	51,235
Series B, 6.50%, 11/15/22		100		102,500
iHeartCommunications, Inc.
6.375%, 5/1/26		208		216,715
8.375%, 5/1/27		376		395,620
Nielsen Co. Luxembourg S.a.r.l. (The)
5.50%, 10/1/21(8)		35		35,000
Sirius XM Radio, Inc.
6.00%, 7/15/24(8)		95		97,988
Univision Communications, Inc.
6.75%, 9/15/22(8)		270		274,050
			$	1,173,108
Retailers (Except Food and Drug) — 0.0%(9)
Murphy Oil USA, Inc.
6.00%, 8/15/23		140	$	142,625
Party City Holdings, Inc.
6.125%, 8/15/23(8)		60		60,900
			$	203,525
Road & Rail — 0.0%(9)
Watco Cos., LLC/Watco Finance Corp.
6.375%, 4/1/23(8)		45	$	45,675
			$	45,675
Software and Services — 0.0%(9)
IHS Markit, Ltd.
5.00%, 11/1/22(8)		60	$	63,468
			$	63,468
Surface Transport — 0.0%(9)
XPO Logistics, Inc.
6.50%, 6/15/22(8)		56	$	57,008
			$	57,008

Security		Principal Amount* (000’s omitted)		Value
Telecommunications — 0.6%
CenturyLink, Inc.
6.75%, 12/1/23			40	$	41,962
CommScope Technologies, LLC
6.00%, 6/15/25(8)			50		45,625
5.00%, 3/15/27(8)			5		4,275
CommScope, Inc.
6.00%, 3/1/26(8)			1,000		1,005,000
Digicel International Finance, Ltd./Digicel Holdings Bermuda, Ltd.
8.75%, 5/25/24(8)			600		594,000
Frontier Communications Corp.
7.625%, 4/15/24			30		17,550
6.875%, 1/15/25			50		28,625
Intelsat Jackson Holdings SA
5.50%, 8/1/23			25		22,563
Level 3 Financing, Inc.
5.375%, 1/15/24			25		25,125
Sprint Communications, Inc.
7.00%, 8/15/20			149		154,588
6.00%, 11/15/22			5		5,125
Sprint Corp.
7.25%, 9/15/21			230		242,362
7.875%, 9/15/23			571		614,779
7.625%, 2/15/25			35		37,100
T-Mobile USA, Inc.
6.375%, 3/1/25			35		36,304
6.50%, 1/15/26			110		116,325
Wind Tre SpA
2.75%, (3 mo. EURIBOR + 2.75%), 1/20/24(8)(10)	EUR		650		710,263
				$	3,701,571
Utilities — 0.2%
Calpine Corp.
5.25%, 6/1/26(8)			1,150	$	1,129,956
Vistra Energy Corp.
7.625%, 11/1/24			35		36,906
8.125%, 1/30/26 (8)			25		26,906
				$	1,193,768
Total Corporate Bonds & Notes (identified cost $31,523,653)				$	30,884,136

27 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Asset-Backed Securities — 2.8%
Security	Principal Amount (000’s omitted)		Value
Ares XXXIIR CLO, Ltd.
Series 2014-32RA, Class D, 8.368%, (3 mo. USD LIBOR + 5.85%), 5/15/30(8)(10)	$	2,000	$	1,909,365
Ares XXXIV CLO, Ltd.
Series2015-2A, Class E2, 7.782%, (3 mo. USD LIBOR + 5.20%), 7/29/26(8)(10)		1,000		996,850
BlueMountain CLO XXV, Ltd.
Series2019-25A, Class E, (3 mo. USD LIBOR + 6.70%), 7/15/32(8)(13)		1,000		1,001,250
Carlyle Global Market Strategies CLO, Ltd.
Series2012-3A, Class DR2, 9.097%, (3 mo. USD LIBOR + 6.50%), 1/14/32(8)(10)		1,200		1,188,218
Series2015-5A, Class DR, 9.292%, (3 mo. USD LIBOR + 6.70%), 1/20/32(8)(10)		500		501,484
Dryden 40 Senior Loan Fund
Series2015-40A, Class ER, 8.268%, (3 mo. USD LIBOR + 5.75%), 8/15/31(8)(10)		1,000		960,268
Galaxy XV CLO, Ltd.
Series2013-15A, Class ER, 9.242%, (3 mo. USD LIBOR + 6.65%), 10/15/30(8)(10)		1,000		974,987
Galaxy XXI CLO, Ltd.
Series2015-21A, Class ER, 7.842%, (3 mo. USD LIBOR + 5.25%), 4/20/31(8)(10)		1,000		925,759
Golub Capital Partners CLO, Ltd.
Series2015-23A, Class ER, 8.342%, (3 mo. USD LIBOR + 5.75%), 1/20/31(8)(10)		1,200		1,128,152
Madison Park Funding XXXVII, Ltd.
Series2019-37A, Class E, (3 mo. USD LIBOR + 6.55%), 7/15/32(8)(13)		1,000		1,001,250
Neuberger Berman Loan Adviser CLO, Ltd.
Series2019-31A, Class E, 9.333%, (3 mo. USD LIBOR + 6.75%), 4/20/31(8)(10)		600		603,946
Palmer Square CLO, Ltd.
Series2015-2A, Class DR, 9.092%, (3 mo. USD LIBOR + 6.50%), 7/20/30(8)(10)		1,200		1,199,600
Recette CLO, Ltd.
Series2015-1A, Class E, 8.292%, (3 mo. USD LIBOR + 5.70%), 10/20/27(8)(10)		1,000		999,743
Voya CLO, Ltd.
Series2013-1A, Class DR, 9.077%, (3 mo. USD LIBOR + 6.48%), 10/15/30(8)(10)		2,000		1,932,723
Westcott Park CLO, Ltd.
Series2016-1A, Class E, 9.792%, (3 mo. USD LIBOR + 7.20%), 7/20/28(8)(10)		1,600		1,600,604
Total Asset-Backed Securities (identified cost $16,981,883)			$	16,924,199

Common Stocks — 1.7%
Security	Shares		Value
Aerospace and Defense — 0.1%
IAP Global Services, LLC(3)(14)(15)		58	$	744,379
			$	744,379
Automotive — 0.1%
Dayco Products, LLC(14)(15)		20,780	$	766,262
			$	766,262
Electronics / Electrical — 0.1%
Answers Corp.(3)(14)(15)		96,908	$	192,847
			$	192,847
Health Care — 0.0%(9)
New Millennium Holdco, Inc.(14)(15)		68,551	$	5,484
			$	5,484
Nonferrous Metals / Minerals — 0.0%
ASP United/GHX Holding, LLC(3)(14)(15)		76,163	$	0
			$	0
Oil and Gas — 0.6%
AFG Holdings, Inc.(3)(14)(15)		30,640	$	2,002,324
Fieldwood Energy, Inc.(14)(15)		19,189		614,048
Nine Point Energy Holdings, Inc.(3)(15)(16)		758		841
Samson Resources II, LLC, Class A(14)(15)		46,484		1,092,374
Southcross Holdings Group, LLC(3)(14)(15)		67		0
Southcross Holdings L.P., Class A(14)(15)		67		36,013
			$	3,745,600
Publishing — 0.5%
ION Media Networks, Inc.(3)(14)		4,429	$	3,183,698
Tweddle Group, Inc.(3)(14)(15)		1,944		5,190
			$	3,188,888
Radio and Television — 0.3%
Clear Channel Outdoor Holdings, Inc.(14)(15)		86,335	$	438,582
Cumulus Media, Inc.(14)(15)		42,499		679,984
iHeartMedia, Inc., Class A(14)(15)		36,714		601,192
			$	1,719,758

28 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

Security	Shares		Value
Retailers (Except Food and Drug) — 0.0%(9)
David’s Bridal, Inc.(14)(15)		19,732	$	98,660
			$	98,660
Total Common Stocks (identified cost $5,910,742)			$	10,461,878
Convertible Preferred Stocks — 0.0%(9)
Security	Shares		Value
Oil and Gas — 0.0%(9)
Nine Point Energy Holdings, Inc., Series A, 12.00%(3)(15)(16)		14	$	20,552
Total Convertible Preferred Stocks (identified cost $14,000)			$	20,552
Closed-End Funds — 1.9%
Security	Shares		Value
BlackRock Floating Rate Income Strategies Fund, Inc.		111,292	$	1,430,102
Invesco Senior Income Trust		538,147		2,238,691
Nuveen Credit Strategies Income Fund		406,731		3,135,896
Nuveen Floating Rate Income Fund		164,907		1,594,651
Nuveen Floating Rate Income Opportunity Fund		115,017		1,101,863
Voya Prime Rate Trust		441,753		2,089,492
TotalClosed-End Funds (identified cost $13,551,541)			$	11,590,695
Miscellaneous — 0.0%(9)
Security	Principal Amount/ Shares		Value
Oil and Gas — 0.0%
Paragon Offshore Finance Company, Class A(14)(15)		1,707	$	1,600
Paragon Offshore Finance Company, Class B(14)(15)		854		29,890
			$	31,490
Telecommunications — 0.0%
Avaya, Inc., Escrow Certificates(3)(15)	$	25,000	$	0
			$	0
Total Miscellaneous (identified cost $18,573)			$	31,490

Short-Term Investments — 1.3%
Description	Units		Value
Eaton Vance Cash Reserves Fund, LLC, 2.53%(17)		7,948,260	$	7,948,260
Total Short-Term Investments (identified cost $7,948,219)			$	7,948,260
Total Investments — 154.3% (identified cost $959,338,531)			$	935,994,933
Less Unfunded Loan Commitments — (0.0)%(9)			$	(292,720	)
Net Investments — 154.3% (identified cost $959,045,811)			$	935,702,213
Notes Payable — (40.9)%			$	(248,000,000	)
Variable Rate Term Preferred Shares, at Liquidation Value (net of unamortized deferred debt issuance costs) — (13.2)%			$	(79,865,374	)
Other Assets, Less Liabilities — (0.2)%			$	(1,429,318	)
Net Assets Applicable to Common Shares — 100.0%			$	606,407,521

The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.

* In U.S. dollars unless otherwise indicated.

⁽¹⁾  Senior floating-rate loans (Senior Loans) 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, Senior Loans will typically have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are redetermined periodically by reference to a base lending rate, plus a spread. 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”). Base lending rates may be subject to a floor, or minimum rate.

⁽²⁾  Unfunded or partially unfunded loan commitments. The stated interest rate reflects the weighted average of the reference rate and spread for the funded portion, if any, and the commitment fees on the portion of the loan that is unfunded. See Note 1F for description.

⁽³⁾  For fair value measurement disclosure purposes, security is categorized as Level 3 (see Note 12).

⁽⁴⁾  The stated interest rate represents the weighted average interest rate at May 31, 2019 of contracts within the senior loan facility. Interest rates on contracts are primarily redetermined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period.

⁽⁵⁾  This Senior Loan will settle after May 31, 2019, at which time the interest rate will be determined.

⁽⁶⁾  Issuer is in default with respect to interest and/or principal payments. For a variable rate security, interest rate has been adjusted to reflectnon-accrual status.

29 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Portfolio of Investments — continued

⁽⁷⁾  Fixed-rate loan.

⁽⁸⁾  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At May 31, 2019, the aggregate value of these securities is $34,746,133 or 5.7% of the Trust’s net assets applicable to common shares.

⁽⁹⁾  Amount is less than 0.05% or (0.05%), as applicable.

⁽¹⁰⁾  Variable rate security. The stated interest rate represents the rate in effect at May 31, 2019.

⁽¹¹⁾  Security converts to floating rate after the indicated fixed-rate coupon period.

⁽¹²⁾  Perpetual security with no stated maturity date but may be subject to calls by the issuer.

⁽¹³⁾  When-issued, variable rate security whose interest rate will be determined after May 31, 2019.

⁽¹⁴⁾  Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale.

⁽¹⁵⁾  Non-income producing security.

⁽¹⁶⁾  Restricted security (see Note 7).

⁽¹⁷⁾  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 annualizedseven-day yield as of May 31, 2019.

Forward Foreign Currency Exchange Contracts
Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation		Unrealized (Depreciation)
USD	4,043,969	EUR	3,588,750	HSBC Bank USA, N.A.		6/28/19	$	26,631	$	—
USD	18,942,049	EUR	16,711,852	HSBC Bank USA, N.A.		6/28/19		234,381		—
USD	3,528,850	EUR	3,125,000	State Street Bank and Trust Company		6/28/19		30,646		—
USD	12,590,234	EUR	11,201,226	Goldman Sachs International		7/31/19		16,978		—
USD	2,136,757	EUR	1,890,500	HSBC Bank USA, N.A.		7/31/19		14,691		—
USD	449,088	EUR	400,000	State Street Bank and Trust Company		7/31/19		92		—
USD	1,694,556	EUR	1,503,750	State Street Bank and Trust Company		7/31/19		6,613		—
USD	2,677,647	GBP	2,062,648	State Street Bank and Trust Company		7/31/19		62,451		—
USD	701,517	CAD	945,945	HSBC Bank USA, N.A.		8/30/19		223		—
USD	11,990,344	EUR	10,689,468	State Street Bank and Trust Company		8/30/19		—		(37,613	)
							$	392,706	$	(37,613	)

Abbreviations:

CIDOR	–	Canada Three Month Interbank Rate
DIP	–	Debtor In Possession
EURIBOR	–	Euro Interbank Offered Rate
LIBOR	–	London Interbank Offered Rate
PIK	–	Payment In Kind

Currency Abbreviations:

CAD	–	Canadian Dollar
EUR	–	Euro
GBP	–	British Pound Sterling
USD	–	United States Dollar

30 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Statement of Assets and Liabilities

Assets	May 31, 2019
Unaffiliated investments, at value (identified cost, $951,097,592)	$	927,753,953
Affiliated investment, at value (identified cost, $7,948,219)		7,948,260
Cash		3,793,421
Foreign currency, at value (identified cost, $747,510)		749,371
Interest and dividends receivable		3,239,085
Dividends receivable from affiliated investment		16,268
Receivable for investments sold		1,470,841
Receivable for open forward foreign currency exchange contracts		392,706
Prepaid upfront fees on variable rate term preferred shares		51,477
Prepaid upfront fees on notes payable		228,050
Prepaid expenses		72,127
Total assets	$	945,715,559
Liabilities
Notes payable	$	248,000,000
Variable rate term preferred shares, at liquidation value (net of unamortized deferred debt issuance costs of $134,626)		79,865,374
Payable for investments purchased		7,368,855
Payable for when-issued securities		2,000,000
Payable for open forward foreign currency exchange contracts		37,613
Payable to affiliates:
Investment adviser fee		595,816
Trustees’ fees		8,483
Interest expense and fees payable		1,292,038
Accrued expenses		139,859
Total liabilities	$	339,308,038
Commitments and contingencies (Note 13)
Net assets applicable to common shares	$	606,407,521
Sources of Net Assets
Common shares, $0.01 par value, unlimited number of shares authorized, 39,863,690 shares issued and outstanding	$	398,637
Additionalpaid-in capital		624,404,210
Accumulated loss		(18,395,326	)
Net assets applicable to common shares	$	606,407,521
Net Asset Value Per Common Share
($606,407,521 ÷ 39,863,690 common shares issued and outstanding)	$	15.21

31 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Statement of Operations

Investment Income	Year Ended May 31, 2019
Interest and other income	$	52,288,823
Dividends		1,370,976
Dividends from affiliated investment		295,558
Total investment income	$	53,955,357
Expenses
Investment adviser fee	$	7,070,253
Trustees’ fees and expenses		48,660
Custodian fee		346,629
Transfer and dividend disbursing agent fees		19,026
Legal and accounting services		201,906
Printing and postage		81,348
Interest expense and fees		12,313,678
Miscellaneous		92,859
Total expenses	$	20,174,359
Net investment income	$	33,780,998
Realized and Unrealized Gain (Loss)
Net realized gain (loss) —
Investment transactions	$	2,042,186
Investment transactions — affiliated investment		2,115
Foreign currency transactions		92,405
Forward foreign currency exchange contracts		5,858,221
Net realized gain	$	7,994,927
Change in unrealized appreciation (depreciation) —
Investments	$	(21,262,032	)
Investments — affiliated investment		(819	)
Foreign currency		41,059
Forward foreign currency exchange contracts		(1,547,173	)
Net change in unrealized appreciation (depreciation)	$	(22,768,965	)
Net realized and unrealized loss	$	(14,774,038	)
Net increase in net assets from operations	$	19,006,960

32 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Statements of Changes in Net Assets

	Year Ended May 31,
Increase (Decrease) in Net Assets	2019			2018
From operations —
Net investment income	$	33,780,998		$	31,565,651
Net realized gain		7,994,927			2,717,912
Net change in unrealized appreciation (depreciation)		(22,768,965	)		193,031
Net increase in net assets from operations	$	19,006,960		$	34,476,594
Distributions to common shareholders(1)	$	(34,840,865	)	$	(33,007,135	)
Net increase (decrease) in net assets	$	(15,833,905	)	$	1,469,459
Net Assets Applicable to Common Shares
At beginning of year	$	622,241,426		$	620,771,967
At end of year	$	606,407,521		$	622,241,426	(2)

⁽¹⁾   For the year ended May 31, 2018, the source of distributions was from net investment income. The current year presentation of distributions conforms with the Disclosure Update and Simplification Rule issued by the Securities and Exchange Commission, effective November 5, 2018.

⁽²⁾  Includes accumulated undistributed net investment income of $3,608,617 at May 31, 2018. The requirement to disclose the corresponding amount as of May 31, 2019 was eliminated.

33 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Statement of Cash Flows

Cash Flows From Operating Activities	Year Ended May 31, 2019
Net increase in net assets from operations	$	19,006,960
Adjustments to reconcile net increase in net assets from operations to net cash provided by operating activities:
Investments purchased		(240,662,689	)
Investments sold and principal repayments		239,252,970
Decrease in short-term investments, net		1,672,598
Net amortization/accretion of premium (discount)		(547,461	)
Amortization of prepaid upfront fees on variable rate term preferred shares		125,763
Amortization of deferred debt issuance costs on variable rate term preferred shares		107,686
Amortization of prepaid upfront fees on notes payable		289,738
Decrease in interest and dividends receivable		536,641
Increase in dividends receivable from affiliated investment		(748	)
Decrease in receivable for open forward foreign currency exchange contracts		1,684,078
Increase in prepaid expenses		(17,663	)
Decrease in cash collateral due to brokers		(1,210,000	)
Decrease in payable for open forward foreign currency exchange contracts		(136,905	)
Decrease in payable to affiliate for investment adviser fee		(14,438	)
Increase in payable to affiliate for Trustees’ fees		1,940
Decrease in interest expense and fees payable		(27,800	)
Decrease in accrued expenses		(180,743	)
Decrease in unfunded loan commitments		(1,349,418	)
Net change in unrealized (appreciation) depreciation from investments		21,262,851
Net realized gain from investments		(2,044,301	)
Net cash provided by operating activities	$	37,749,059
Cash Flows From Financing Activities
Cash distributions paid to common shareholders	$	(34,840,865	)
Proceeds from notes payable		17,000,000
Repayments of notes payable		(23,000,000	)
Payment of deferred debt issuance costs on variable rate term preferred shares		(38,080	)
Payment of upfront fees on notes payable		(290,000	)
Net cash used in financing activities	$	(41,168,945	)
Net decrease in cash and restricted cash	$	(3,419,886	)
Cash and restricted cash at beginning of year (including foreign currency)	$	7,962,678
Cash and restricted cash at end of year (including foreign currency)	$	4,542,792
Supplemental disclosure of cash flow information:
Cash paid for interest and fees on borrowings and variable rate term preferred shares	$	12,146,371

* Includes net change in unrealized appreciation (depreciation) on foreign currency of $35,237.

The following table provides a reconciliation of cash and restricted cash reported within the Statement of Assets and Liabilities that sum to the total of such amounts shown on the Statement of Cash Flows.

	May 31, 2019		May 31, 2018
Cash	$	3,793,421	$	5,788,413
Deposits for derivatives collateral — forward foreign currency exchange contracts		—		1,210,000
Foreign currency		749,371		964,265
Total cash and restricted cash as shown on the Statement of Cash Flows	$	4,542,792	$	7,962,678

34 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Financial Highlights

Selected data for a common share outstanding during the periods stated

	Year Ended May 31,
	2019			2018			2017			2016			2015
Net asset value — Beginning of year (Common shares)	$	15.610		$	15.570		$	14.680		$	15.640		$	16.080
Income (Loss) From Operations
Net investment income(1)	$	0.847		$	0.792		$	0.864		$	0.908		$	0.882
Net realized and unrealized gain (loss)		(0.373	)		0.076			0.899			(0.964	)		(0.431	)
Total income (loss) from operations	$	0.474		$	0.868		$	1.763		$	(0.056	)	$	0.451
Less Distributions to Common Shareholders
From net investment income	$	(0.874	)	$	(0.828	)	$	(0.873	)	$	(0.904	)	$	(0.891	)
Total distributions to common shareholders	$	(0.874	)	$	(0.828	)	$	(0.873	)	$	(0.904	)	$	(0.891	)
Net asset value — End of year (Common shares)	$	15.210		$	15.610		$	15.570		$	14.680		$	15.640
Market value — End of year (Common shares)	$	13.480		$	14.850		$	15.150		$	13.560		$	14.360
Total Investment Return on Net Asset Value(2)		3.77	%		6.03	%		12.65	%		0.46	%		3.43	%
Total Investment Return on Market Value(2)		(3.32	)%		3.67	%		18.58	%		1.14	%		0.59	%

35 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Financial Highlights — continued

Selected data for a common share outstanding during the periods stated

	Year Ended May 31,
Ratios/Supplemental Data	2019			2018			2017			2016			2015
Net assets applicable to common shares, end of year (000’s omitted)	$	606,408		$	622,241		$	620,772		$	585,101		$	623,439
Ratios (as a percentage of average daily net assets applicable to common shares):†
Expenses excluding interest and fees(3)		1.28	%		1.28	%		1.32	%		1.36	%		1.37	%
Interest and fee expense(4)		2.00	%		1.52	%		1.16	%		0.93	%		0.80	%
Total expenses(3)		3.28	%		2.80	%		2.48	%		2.29	%		2.17	%
Net investment income		5.49	%		5.09	%		5.68	%		6.22	%		5.60	%
Portfolio Turnover		24	%		34	%		47	%		29	%		32	%
Senior Securities:
Total notes payable outstanding (in 000’s)	$	248,000		$	254,000		$	246,000		$	232,000		$	290,000
Asset coverage per $1,000 of notes payable(5)	$	3,768		$	3,765		$	3,849		$	3,867		$	3,426
Total preferred shares outstanding		800			800			800			800			800
Asset coverage per preferred share(6)	$	284,880		$	286,300		$	290,421		$	287,532		$	268,497
Involuntary liquidation preference per preferred share(7)	$	100,000		$	100,000		$	100,000		$	100,000		$	100,000
Approximate market value per preferred share(7)	$	100,000		$	100,000		$	100,000		$	100,000		$	100,000

⁽¹⁾   Computed using average common shares outstanding.

⁽²⁾  Returns are historical and are calculated by determining the percentage change in net asset value or market value with all distributions reinvested. Distributions are assumed to be reinvested at prices obtained under the Trust’s dividend reinvestment plan.

⁽³⁾  Excludes the effect of custody fee credits, if any, of less than 0.005%. Effective September 1, 2015, custody fee credits, which were earned on cash deposit balances, were discontinued by the custodian.

⁽⁴⁾  Interest and fee expense relates to variable rate term preferred shares (see Note 2) and the notes payable (see Note 9).

⁽⁵⁾  Calculated by subtracting the Trust’s total liabilities (not including the notes payable and preferred shares) from the Trust’s total assets, and dividing the result by the notes payable balance in thousands.

⁽⁶⁾  Calculated by subtracting the Trust’s total liabilities (not including the notes payable and preferred shares) from the Trust’s total assets, dividing the result by the sum of the value of the notes payable and liquidation value of the preferred shares, and multiplying the result by the liquidation value of one preferred share. Such amount equates to 285%, 286%, 290%, 288% and 268% at May 31, 2019, 2018, 2017, 2016 and 2015, respectively.

⁽⁷⁾  Plus accumulated and unpaid dividends.

† Ratios based on net assets applicable to common shares plus preferred shares and borrowings are presented below. Ratios exclude the effect of custody fee credits, if any.

	Year Ended May 31,
	2019			2018			2017			2016			2015
Expenses excluding interest and fees		0.83	%	0	.83	%		0.86	%		0.86	%		0.85	%
Interest and fee expense		1.31	%		1.00	%		0.76	%		0.58	%		0.50	%
Total expenses		2.14	%		1.83	%		1.62	%		1.44	%		1.35	%
Net investment income		3.58	%		3.33	%		3.72	%		3.90	%		3.50	%

36 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Notes to Financial Statements

1  Significant Accounting Policies

Eaton Vance Floating-Rate Income Trust (the Trust) is a Massachusetts business trust registered under the Investment Company Act of 1940, as amended (the 1940 Act), as a diversified,closed-end management investment company. The Trust’s investment objective is to provide a high level of current income. The Trust will, as a secondary objective, also seek preservation of capital to the extent consistent with its primary goal of high current income.

The following is a summary of significant accounting policies of the Trust. The policies are in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). The Trust is an investment company and follows accounting and reporting guidance in the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946.

A  Investment Valuation — The following methodologies are used to determine the market value or fair value of investments.

Senior Floating-Rate Loans. Interests in senior floating-rate loans (Senior Loans) for which reliable market quotations are readily available are valued generally at the average mean of bid and ask quotations obtained from a third party pricing service. Other Senior Loans are valued at fair value by the investment adviser under procedures approved by the Trustees. In fair valuing a Senior Loan, the investment adviser utilizes one or more of the valuation techniques described in (i) through (iii) below to assess the likelihood that the borrower will make a full repayment of the loan underlying such Senior Loan relative to yields on other Senior Loans issued by companies of comparable credit quality. If the investment adviser believes that there is a reasonable likelihood of full repayment, the investment adviser will determine fair value using a matrix pricing approach that considers the yield on the Senior Loan. If the investment adviser believes there is not a reasonable likelihood of full repayment, the investment adviser will determine fair value using analyses that include, but are not limited to: (i) a comparison of the value of the borrower’s outstanding equity and debt to that of comparable public companies; (ii) a discounted cash flow analysis; or (iii) when the investment adviser believes it is likely that a borrower will be liquidated or sold, an analysis of the terms of such liquidation or sale. In certain cases, the investment adviser will use a combination of analytical methods to determine fair value, such as when only a portion of a borrower’s assets are likely to be sold. In conducting its assessment and analyses for purposes of determining fair value of a Senior Loan, the investment adviser will use its discretion and judgment in considering and appraising relevant factors. Fair value determinations are made by the portfolio managers of the Trust based on information available to such managers. The portfolio managers of other funds managed by the investment adviser that invest in Senior Loans may not possess the same information about a Senior Loan borrower as the portfolio managers of the Trust. At times, the fair value of a Senior Loan determined by the portfolio managers of other funds managed by the investment adviser that invest in Senior Loans may vary from the fair value of the same Senior Loan determined by the portfolio managers of the Trust. The fair value of each Senior Loan is periodically reviewed and approved by the investment adviser’s Valuation Committee and by the Trustees based upon procedures approved by the Trustees. Junior Loans (i.e., subordinated loans and second lien loans) are valued in the same manner as Senior Loans.

Debt Obligations.Debt obligations are generally valued on the basis of valuations provided by third party pricing services, as derived from such services’ pricing models. Inputs to the models may include, but are not limited to, reported trades, executable bid and ask prices, broker/dealer quotations, prices or yields of securities with similar characteristics, interest rates, anticipated prepayments, benchmark curves or information pertaining to the issuer, as well as industry and economic events. The pricing services may use a matrix approach, which considers information regarding securities with similar characteristics to determine the valuation for a security.Short-term debt obligations purchased with a remaining maturity of sixty days or less for which a valuation from a third party pricing service is not readily available may be valued at amortized cost, which approximates fair value.

Equity Securities.Equity securities listed on a U.S. securities exchange generally are valued at the last sale or closing price on the day of valuation or, if no sales took place on such date, at the mean between the closing bid and ask prices on the exchange where such securities are principally traded. Equity securities listed on the NASDAQ Global or Global Select Market generally are valued at the NASDAQ official closing price. Unlisted or listed securities for which closing sales prices or closing quotations are not available are valued at the mean between the latest available bid and ask prices or, in the case of preferred equity securities that are not listed or traded in theover-the-counter market, by a third party pricing service that uses various techniques that consider factors including, but not limited to, prices or yields of securities with similar characteristics, benchmark yields, broker/dealer quotes, quotes of underlying common stock, issuer spreads, as well as industry and economic events.

Derivatives. Forward foreign currency exchange contracts are generally valued at the mean of the average bid and average ask prices that are reported by currency dealers to a third party pricing service at the valuation time. Such third party pricing service valuations are supplied for specific settlement periods and the Trust’s forward foreign currency exchange contracts are valued at an interpolated rate between the closest preceding and subsequent settlement period reported by the third party pricing service.

Foreign Securities and Currencies.Foreign securities and currencies are valued in U.S. dollars, based on foreign currency exchange rate quotations supplied by a third party pricing service. The pricing service uses a proprietary model to determine the exchange rate. Inputs to the model include reported trades and implied bid/ask spreads.

Affiliated Fund.The Trust may invest in Eaton Vance Cash Reserves Fund, LLC (Cash Reserves Fund), an affiliated investment company managed by Eaton Vance Management (EVM). While Cash Reserves Fund is not a registered money market mutual fund, it conducts all of its investment activities in accordance with the requirements of Rule2a-7 under the 1940 Act. Investments in Cash Reserves Fund are valued at the closing net asset value per unit on the valuation day. Cash Reserves Fund generally values its investment securities based on available market quotations provided by a third party pricing service.

Fair Valuation.Investments for which valuations or market quotations are not readily available or are deemed unreliable are valued at fair value using methods determined in good faith by or at the direction of the Trustees of the Trust in a manner that most fairly reflects the security’s “fair value”, which is the amount that the Trust might reasonably expect to receive for the security upon its current sale in the ordinary course. Each such determination is based

37

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Notes to Financial Statements — continued

on a consideration of relevant factors, which are likely to vary from one pricing context to another. These factors may include, but are not limited to, the type of security, the existence of any contractual restrictions on the security’s disposition, the price and extent of public trading in similar securities of the issuer or of comparable companies or entities, quotations or relevant information obtained from broker/dealers or other market participants, information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities), an analysis of the company’s or entity’s financial statements, and an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold.

B  Investment Transactions — Investment transactions for financial statement purposes are accounted for on a trade date basis. Realized gains and losses on investments sold are determined on the basis of identified cost.

C  Income — Interest income is recorded on the basis of interest accrued, adjusted for amortization of premium or accretion of discount. Fees associated with loan amendments are recognized immediately. Dividend income is recorded on theex-dividend date for dividends received in cash and/or securities. Distributions from investment companies are recorded as dividend income, capital gains or return of capital based on the nature of the distribution.

D  Federal Taxes — The Trust’s policy is to comply with the provisions of the Internal Revenue Code applicable to regulated investment companies and to distribute to shareholders each year substantially all of its net investment income, and all or substantially all of its net realized capital gains. Accordingly, no provision for federal income or excise tax is necessary.

As of May 31, 2019, the Trust had no uncertain tax positions that would require financial statement recognition,de-recognition, or disclosure. The Trust files a U.S. federal income tax return annually after its fiscalyear-end, which is subject to examination by the Internal Revenue Service for a period of three years from the date of filing.

E  Foreign Currency Translation — Investment valuations, other assets, and liabilities initially expressed in foreign currencies are translated each business day into U.S. dollars based upon current exchange rates. Purchases and sales of foreign investment securities and income and expenses denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates in effect on the respective dates of such transactions. Recognized gains or losses on investment transactions attributable to changes in foreign currency exchange rates are recorded for financial statement purposes as net realized gains and losses on investments. That portion of unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed.

F  Unfunded Loan Commitments — The Trust may enter into certain loan agreements all or a portion of which may be unfunded. The Trust is obligated to fund these commitments at the borrower’s discretion. These commitments are disclosed in the accompanying Portfolio of Investments. At May 31, 2019, the Trust had sufficient cash and/or securities to cover these commitments.

G  Use of Estimates — The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. Actual results could differ from those estimates.

H  Indemnifications — Under the Trust’s organizational documents, its officers and Trustees may be indemnified against certain liabilities and expenses arising out of the performance of their duties to the Trust. Under Massachusetts law, if certain conditions prevail, shareholders of a Massachusetts business trust (such as the Trust) could be deemed to have personal liability for the obligations of the Trust. However, the Trust’s Declaration of Trust contains an express disclaimer of liability on the part of Trust shareholders and theBy-laws provide that the Trust shall assume, upon request by the shareholder, the defense on behalf of any Trust shareholders. Moreover, theBy-laws also provide for indemnification out of Trust property of any shareholder held personally liable solely by reason of being or having been a shareholder for all loss or expense arising from such liability. Additionally, in the normal course of business, the Trust enters into agreements with service providers that may contain indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust that have not yet occurred.

I  Forward Foreign Currency Exchange Contracts — The Trust may enter into forward foreign currency exchange contracts for the purchase or sale of a specific foreign currency at a fixed price on a future date. The forward foreign currency exchange contracts are adjusted by the daily exchange rate of the underlying currency and any gains or losses are recorded as unrealized until such time as the contracts have been closed. Risks may arise upon entering these contracts from the potential inability of counterparties to meet the terms of their contracts and from movements in the value of a foreign currency relative to the U.S. dollar.

J  When-Issued Securities and Delayed Delivery Transactions — The Trust may purchase or sell securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. At the time the transaction is negotiated, the price of the security that will be delivered is fixed. The Trust maintains cash and/or security positions for these commitments such that sufficient liquid assets will be available to make payments upon settlement. Securities purchased on a delayed delivery or when-issued basis aremarked-to-market daily and begin earning interest on settlement date. Losses may arise due to changes in the market value of the underlying securities or if the counterparty does not perform under the contract.

K  New Accounting Pronouncement — During the year ended May 31, 2019, the Trust adopted the FASB’s Accounting Standards UpdateNo. 2016-18, “Statement of Cash Flows (Topic 230) — Restricted Cash” (ASU2016-18), which became effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. Pursuant to the new standard, the Trust is required to include amounts described as restricted cash and

38

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Notes to Financial Statements — continued

restricted cash equivalents with cash and cash equivalents when reconciling thebeginning-of-year andend-of-year total amounts shown on the Statement of Cash Flows. Prior to the change, such amounts were disclosed separately within the Statement of Cash Flows. This change in accounting had no impact on the Trust’s net assets.

2  Variable Rate Term Preferred Shares

On December 18, 2012, the Trust issued 800 shares of SeriesC-1 Variable Rate Term Preferred Shares (SeriesC-1 VRTP Shares) in a private offering to a commercial paper conduit sponsored by a large financial institution. The Trust used the net proceeds from the issuance to enter into a series of transactions which resulted in a redemption and/or repurchase of its Auction Preferred Shares.

Variable rate term preferred shares are a form of preferred shares that represent stock of the Trust. They have a par value of $0.01 per share and a liquidation preference of $100,000 per share. The SeriesC-1 VRTP Shares also had an original mandatory redemption date of December 18, 2015 that had been extended on various dates through April 7, 2017 upon consent of the holders of the SeriesC-1 VRTP Shares and approval of the Trust’s Board of Trustees.

On September 30, 2016, the SeriesC-1 VRTP Shares were transferred to another large financial institution (the Assignee) as permitted by the Trust’sBy-laws. The transferred SeriesC-1 VRTP Shares were then exchanged for an equal number of SeriesL-2 Variable Rate Term Preferred Shares (SeriesL-2 VRTP Shares), and the mandatory redemption date was extended to three years from the date of transfer. Effective January 24, 2019, the mandatory redemption date of the SeriesL-2 VRTP Shares was extended to January 24, 2024. Dividends on the SeriesL-2 VRTP Shares are determined each day based on a spread of 1.75% (1.85% prior to April 17, 2019) to three-month LIBOR. Such spread is determined based on the current credit rating of the SeriesL-2 VRTP Shares, which is provided by Moody’s Investors Service.

The SeriesL-2 VRTP Shares are redeemable at the option of the Trust at a redemption price equal to $100,000 per share, plus accumulated and unpaid dividends, on any business day and solely for the purpose of reducing the leverage of the Trust. The SeriesL-2 VRTP Shares are also subject to mandatory redemption at a redemption price equal to $100,000 per share, plus accumulated and unpaid dividends, if the Trust is in default for an extended period on its asset maintenance or leverage ratio requirements with respect to the SeriesL-2 VRTP Shares. Six months prior to the mandatory redemption date, the Trust is required to segregate in a liquidity account with its custodian investments equal to 110% of the SeriesL-2 VRTP Shares’ redemption price, and over the six-month period execute a series of liquidation transactions to assure sufficient liquidity to redeem the SeriesL-2 VRTP Shares. The holders of the SeriesL-2 VRTP Shares, voting as a class, are entitled to elect two Trustees of the Trust. If the dividends on the SeriesL-2 VRTP Shares remain unpaid in an amount equal to two full years’ dividends, the holders of the SeriesL-2 VRTP Shares as a class have the right to elect a majority of the Board of Trustees.

For financial reporting purposes, the liquidation value of the SeriesL-2 VRTP Shares (net of unamortized deferred debt issuance costs) is presented as a liability on the Statement of Assets and Liabilities and unpaid dividends are included in interest expense and fees payable. Dividends accrued on SeriesL-2 VRTP Shares are treated as interest payments for financial reporting purposes and are included in interest expense and fees on the Statement of Operations.

In connection with the transfer of the SeriesC-1 VRTP Shares to the Assignee on September 30, 2016, the Trust paid an upfront fee of $400,000 and debt issuance costs of $458,267. The Trust paid additional debt issuance costs of $38,080 in connection with the extension of the mandatory redemption date of the SeriesL-2 VRTP Shares. These amounts are being amortized to interest expense and fees through January 24, 2024. The unamortized amount of the debt issuance costs as of May 31, 2019 is presented as a deduction of the liability for variable rate term preferred shares on the Statement of Assets and Liabilities.

The carrying amount of the SeriesL-2 VRTP Shares at May 31, 2019 represents its liquidation value, which approximates fair value. If measured at fair value, the SeriesL-2 VRTP Shares would have been considered as Level 2 in the fair value hierarchy (see Note 12) at May 31, 2019. The average liquidation preference of the SeriesL-2 VRTP Shares during the year ended May 31, 2019 was $80,000,000.

3  Distributions to Shareholders and Income Tax Information

The Trust intends to make monthly distributions of net investment income to common shareholders, after payment of any dividends on any outstanding variable rate term preferred shares. In addition, at least annually, the Trust intends to distribute all or substantially all of its net realized capital gains (reduced by available capital loss carryforwards from prior years). Distributions to common shareholders are recorded on theex-dividend date. Dividends to variable rate term preferred shareholders are accrued daily and payable quarterly. The dividend rate on the SeriesL-2 VRTP Shares at May 31, 2019 was 4.34%. The amount of dividends accrued and the average annual dividend rate of the SeriesL-2 VRTP Shares during the year ended May 31, 2019 were $3,419,042 and 4.27%, respectively.

Distributions to shareholders are determined in accordance with income tax regulations, which may differ from U.S. GAAP. As required by U.S. GAAP, only distributions in excess of tax basis earnings and profits are reported in the financial statements as a return of capital. Permanent differences between book and tax accounting relating to distributions are reclassified topaid-in capital. For tax purposes, distributions from short-term capital gains are considered to be from ordinary income.

39

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Notes to Financial Statements — continued

The tax character of distributions declared, including distributions on variable rate term preferred shares that are treated as interest expense for financial reporting purposes, for the years ended May 31, 2019 and May 31, 2018 was as follows:

	Year Ended May 31,
	2019		2018
Ordinary income	$	38,259,907	$	35,863,829

During the year ended May 31, 2019, accumulated loss was decreased by $11,756,776 andpaid-in capital was decreased by $11,756,776 due to expired capital loss carryforwards and differences between book and tax accounting, primarily fornon-deductible expenses and investments in partnerships. These reclassifications had no effect on the net assets or net asset value per share of the Trust.

As of May 31, 2019, the components of distributable earnings (accumulated loss) on a tax basis were as follows:

Undistributed ordinary income	$	6,958,808
Post October capital losses	$	(3,055,653	)
Net unrealized depreciation	$	(21,728,930	)
Distributions payable	$	(569,551	)

During the year ended May 31, 2019, capital loss carryforwards of $5,239,338 were utilized to offset net realized gains by the Trust.

At May 31, 2019, the Trust had a net capital loss of $3,055,653 attributable to security transactions incurred after October 31, 2018 that it has elected to defer. This net capital loss is treated as arising on the first day of the Trust’s taxable year ending May 31, 2020.

The cost and unrealized appreciation (depreciation) of investments, including open derivative contracts, of the Trust at May 31, 2019, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	957,326,229
Gross unrealized appreciation	$	8,540,998
Gross unrealized depreciation		(30,165,014	)
Net unrealized depreciation	$	(21,624,016	)

4  Investment Adviser Fee and Other Transactions with Affiliates

The investment adviser fee is earned by EVM as compensation for management and investment advisory services rendered to the Trust. The fee is computed at an annual rate of 0.75% of the Trust’s average daily gross assets and is payable monthly. Gross assets as referred to herein represent net assets plus obligations attributable to investment leverage. For the year ended May 31, 2019, the Trust’s investment adviser fee amounted to $7,070,253. The Trust invests its cash in Cash Reserves Fund. EVM does not currently receive a fee for advisory services provided to Cash Reserves Fund. EVM also serves as administrator of the Trust, but receives no compensation.

Trustees and officers of the Trust who are members of EVM’s organization receive remuneration for their services to the Trust out of the investment adviser fee. Trustees of the Trust who are not affiliated with EVM may elect to defer receipt of all or a percentage of their annual fees in accordance with the terms of the Trustees Deferred Compensation Plan. For the year ended May 31, 2019, no significant amounts have been deferred. Certain officers and Trustees of the Trust are officers of EVM.

5  Purchases and Sales of Investments

Purchases and sales of investments, other than short-term obligations and including maturities, paydowns and principal repayments on Senior Loans, aggregated $222,214,496 and $237,353,840, respectively, for the year ended May 31, 2019.

40

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Notes to Financial Statements — continued

6  Common Shares of Beneficial Interest and Shelf Offering

The Trust may issue common shares pursuant to its dividend reinvestment plan. There were no common shares issued by the Trust for the years ended May 31, 2019 and May 31, 2018.

In November 2013, the Board of Trustees initially approved a share repurchase program for the Trust. Pursuant to the reauthorization of the share repurchase program by the Board of Trustees in March 2019, the Trust is authorized to repurchase up to 10% of its common shares outstanding as of the last day of the prior calendar year at market prices when shares are trading at a discount to net asset value. The share repurchase program does not obligate the Trust to purchase a specific amount of shares. There were no repurchases of common shares by the Trust for the years ended May 31, 2019 and May 31, 2018.

Pursuant to a registration statement filed with the SEC, the Trust is authorized to issue up to an additional 5,495,789 common shares through an equity shelf offering program (the “shelf offering”). Under the shelf offering, the Trust, subject to market conditions, may raise additional capital from time to time and in varying amounts and offering methods at a net price at or above the Trust’s net asset value per common share. During the years ended May 31, 2019 and May 31, 2018, there were no shares sold by the Trust pursuant to its shelf offering.

7  Restricted Securities

At May 31, 2019, the Trust owned the following securities (representing less than 0.01% of net assets applicable to common shares) which were restricted as to public resale and not registered under the Securities Act of 1933 (excluding Rule 144A securities). The Trust has various registration rights (exercisable under a variety of circumstances) with respect to these securities. The value of these securities is determined based on valuations provided by brokers when available, or if not available, they are valued at fair value using methods determined in good faith by or at the direction of the Trustees.

Description	Date of Acquisition		Shares		Cost		Value
Common Stocks
Nine Point Energy Holdings, Inc.		7/15/14,		758	$	34,722	$	841
		10/21/14
Convertible Preferred Stocks
Nine Point Energy Holdings, Inc., Series A, 12.00%		5/26/17		14	$	14,000	$	20,552
Total Restricted Securities					$	48,722	$	21,393

8  Financial Instruments

The Trust may trade in financial instruments withoff-balance sheet risk in the normal course of its investing activities. These financial instruments may include forward foreign currency exchange contracts and may involve, to a varying degree, elements of risk in excess of the amounts recognized for financial statement purposes. The notional or contractual amounts of these instruments represent the investment the Trust has in particular classes of financial instruments and do not necessarily represent the amounts potentially subject to risk. The measurement of the risks associated with these instruments is meaningful only when all related and offsetting transactions are considered. A summary of obligations under these financial instruments at May 31, 2019 is included in the Portfolio of Investments. At May 31, 2019, the Trust had sufficient cash and/or securities to cover commitments under these contracts.

The Trust is subject to foreign exchange risk in the normal course of pursuing its investment objectives. Because the Trust holds foreign currency denominated investments, the value of these investments and related receivables and payables may change due to future changes in foreign currency exchange rates. To hedge against this risk, the Trust enters into forward foreign currency exchange contracts.

The Trust enters into forward foreign currency exchange contracts that may contain provisions whereby the counterparty may terminate the contract under certain conditions, including but not limited to a decline in the Trust’s net assets below a certain level over a certain period of time, which would trigger a payment by the Trust for those derivatives in a liability position. At May 31, 2019, the fair value of derivatives with credit-related contingent features in a net liability position was $37,613. At May 31, 2019, there were no assets pledged by the Trust for such liability.

Theover-the-counter (OTC) derivatives in which the Trust invests are subject to the risk that the counterparty to the contract fails to perform its obligations under the contract. To mitigate this risk, the Trust has entered into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with substantially all its derivative counterparties. An ISDA Master Agreement is a bilateral agreement between the Trust and a counterparty that governs certain OTC derivatives and typically contains, among other things,set-off provisions in the event of a default and/or termination event as defined under the relevant ISDA Master Agreement. Under an ISDA Master Agreement, the Trust may, under certain

41

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Notes to Financial Statements — continued

circumstances, offset with the counterparty certain derivative financial instruments’ payables and/or receivables with collateral held and/or posted and create one single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of default including the bankruptcy or insolvency of the counterparty. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset in bankruptcy or insolvency. Certain ISDA Master Agreements allow counterparties to OTC derivatives to terminate derivative contracts prior to maturity in the event the Trust’s net assets decline by a stated percentage or the Trust fails to meet the terms of its ISDA Master Agreements, which would cause the counterparty to accelerate payment by the Trust of any net liability owed to it.

The collateral requirements for derivatives traded under an ISDA Master Agreement are governed by a Credit Support Annex to the ISDA Master Agreement. Collateral requirements are determined at the close of business each day and are typically based on changes in market values for each transaction under an ISDA Master Agreement and netted into one amount for such agreement. Generally, the amount of collateral due from or to a counterparty is subject to a minimum transfer threshold amount before a transfer is required, which may vary by counterparty. Collateral pledged for the benefit of the Trust and/or counterparty is held in segregated accounts by the Trust’s custodian and cannot be sold,re-pledged, assigned or otherwise used while pledged. The portion of such collateral representing cash, if any, is reflected as deposits for derivatives collateral and, in the case of cash pledged by a counterparty for the benefit of the Trust, a corresponding liability on the Statement of Assets and Liabilities. Securities pledged by the Trust as collateral, if any, are identified as such in the Portfolio of Investments.

The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) and whose primary underlying risk exposure is foreign exchange risk at May 31, 2019 was as follows:

	Fair Value
Derivative	Asset Derivative(1)		Liability Derivative(2)
Forward foreign currency exchange contracts	$	392,706	$	(37,613	)

⁽¹⁾  Statement of Assets and Liabilities location: Receivable for open forward foreign currency exchange contracts.

⁽²⁾  Statement of Assets and Liabilities location: Payable for open forward foreign currency exchange contracts.

The Trust’s derivative assets and liabilities at fair value by type, which are reported gross in the Statement of Assets and Liabilities, are presented in the table above. The following tables present the Trust’s derivative assets and liabilities by counterparty, net of amounts available for offset under a master netting agreement and net of the related collateral received by the Trust for such assets and pledged by the Trust for such liabilities as of May 31, 2019.

Counterparty	Derivative Assets Subject to Master Netting Agreement			Derivatives Available for Offset			Non-cash Collateral Received(a)			Cash Collateral Received(a)		Net Amount of Derivative Assets(b)
Goldman Sachs International	$	16,978		$	—		$	—		$	—	$	16,978
HSBC Bank USA, N.A.		275,926			—			(275,926	)		—		—
State Street Bank and Trust Company		99,802			(37,613	)		(62,189	)		—		—
	$	392,706		$	(37,613	)	$	(338,115	)	$	—	$	16,978
Counterparty	Derivative Liabilities Subject to Master Netting Agreement			Derivatives Available for Offset			Non-cash Collateral Pledged(a)			Cash Collateral Pledged(a)		Net Amount of Derivative Liabilities(c)
State Street Bank and Trust Company	$	(37,613	)	$	37,613		$	—		$	—	$	—

^(a)   In some instances, the total collateral received and/or pledged may be more than the amount shown due to overcollateralization.

^(b)  Net amount represents the net amount due from the counterparty in the event of default.

^(c)  Net amount represents the net amount payable to the counterparty in the event of default.

42

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Notes to Financial Statements — continued

The effect of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) on the Statement of Operations and whose primary underlying risk exposure is foreign exchange risk for the year ended May 31, 2019 was as follows:

Derivative	Realized Gain (Loss) on Derivatives Recognized in Income(1)		Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income(2)
Forward foreign currency exchange contracts	$	5,858,221	$	(1,547,173	)

⁽¹⁾  Statement of Operations location: Net realized gain (loss) – Forward foreign currency exchange contracts.

⁽²⁾  Statement of Operations location: Change in unrealized appreciation (depreciation) – Forward foreign currency exchange contracts.

The average notional amount of forward foreign currency exchange contracts (based on the absolute value of notional amounts of currency purchased and currency sold) outstanding during the year ended May 31, 2019, which is indicative of the volume of this derivative type, was approximately $58,370,000.

9  Revolving Credit and Security Agreement

The Trust has entered into a Revolving Credit and Security Agreement, as amended (the Agreement) with conduit lenders and a bank to borrow up to $290 million. Borrowings under the Agreement are secured by the assets of the Trust. Interest is charged at a rate above the conduits’ commercial paper issuance rate and is payable monthly. Under the terms of the Agreement, in effect through March 9, 2020, the Trust also pays a program fee of 0.85% (0.67% prior to March 11, 2019) per annum on its outstanding borrowings to administer the facility and a liquidity fee of 0.15% (0.25% if the outstanding loan amount is less than or equal to 60% of the total facility size) per annum on the unused portion of the total commitment under the Agreement. Prior to March 11, 2019, the liquidity fee was 0.15% on the total commitment (used or unused) or 0.25% if the outstanding loan amount was less than or equal to 60% of the total commitment. Program and liquidity fees for the year ended May 31, 2019 totaled $2,140,454 and are included in interest expense and fees on the Statement of Operations. The Trust also paid an upfront fee of $290,000, which is being amortized to interest expense over a period of one year through March 2020. The unamortized balance at May 31, 2019 is approximately $228,000 and is included in prepaid upfront fees on notes payable on the Statement of Assets and Liabilities. The Trust is required to maintain certain net asset levels during the term of the Agreement. At May 31, 2019, the Trust had borrowings outstanding under the Agreement of $248,000,000 at an interest rate of 2.55%. Based on the short-term nature of the borrowings under the Agreement and the variable interest rate, the carrying amount of the borrowings at May 31, 2019 approximated its fair value. If measured at fair value, borrowings under the Agreement would have been considered as Level 2 in the fair value hierarchy (see Note 12) at May 31, 2019. For the year ended May 31, 2019, the average borrowings under the Agreement and the average interest rate (excluding fees) were $247,780,822 and 2.49%, respectively.

10  Risks Associated with Foreign Investments

Investing in securities issued by companies whose principal business activities are outside the United States may involve significant risks not present in domestic investments. For example, there is generally less publicly available information about foreign companies, particularly those not subject to the disclosure and reporting requirements of the U.S. securities laws. Certain foreign issuers are generally not bound by uniform accounting, auditing, and financial reporting requirements and standards of practice comparable to those applicable to domestic issuers. Investments in foreign securities also involve the risk of possible adverse changes in investment or exchange control regulations, expropriation or confiscatory taxation, limitation on the removal of funds or other assets of the Trust, political or financial instability or diplomatic and other developments which could affect such investments. Foreign securities markets, while growing in volume and sophistication, are generally not as developed as those in the United States, and securities of some foreign issuers (particularly those located in developing countries) may be less liquid and more volatile than securities of comparable U.S. companies. In general, there is less overall governmental supervision and regulation of foreign securities markets, broker/dealers and issuers than in the United States.

11  Credit Risk

The Trust invests primarily in below investment grade floating-rate loans, which are considered speculative because of the credit risk of their issuers. Changes in economic conditions or other circumstances are more likely to reduce the capacity of issuers of these securities to make principal and interest payments. Such companies are more likely to default on their payments of interest and principal owed than issuers of investment grade bonds. An economic downturn generally leads to a highernon-payment rate, and a loan or other debt obligation may lose significant value before a default occurs. Lower rated investments also may be subject to greater price volatility than higher rated investments. Moreover, the specific collateral used to secure a loan may decline in value or become illiquid, which would adversely affect the loan’s value.

43

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Notes to Financial Statements — continued

12  Fair Value Measurements

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

• Level 1 – quoted prices in active markets for identical investments

• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 – significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At May 31, 2019, the hierarchy of inputs used in valuing the Trust’s investments and open derivative instruments, which are carried at value, were as follows:

Asset Description	Level 1		Level 2			Level 3*		Total
Senior Floating-Rate Loans (Less Unfunded Loan Commitments)	$	—	$	854,947,612		$	2,893,391	$	857,841,003
Corporate Bonds & Notes		—		30,884,136			—		30,884,136
Asset-Backed Securities		—		16,924,199			—		16,924,199
Common Stocks		1,118,566		3,214,033			6,129,279		10,461,878
Convertible Preferred Stocks		—		—			20,552		20,552
Closed-End Funds		11,590,695		—			—		11,590,695
Miscellaneous		—		31,490			0		31,490
Short-Term Investments		—		7,948,260			—		7,948,260
Total Investments	$	12,709,261	$	913,949,730		$	9,043,222	$	935,702,213
Forward Foreign Currency Exchange Contracts	$	—	$	392,706		$	—	$	392,706
Total	$	12,709,261	$	914,342,436		$	9,043,222	$	936,094,919
Liability Description
Forward Foreign Currency Exchange Contracts	$	—	$	(37,613	)	$	—	$	(37,613	)
Total	$	—	$	(37,613	)	$	—	$	(37,613	)

* None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Trust.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the year ended May 31, 2019 is not presented.

13  Legal Proceedings

In May 2015, the Trust was served with an amended complaint filed in an adversary proceeding in the United States Bankruptcy Court for the Southern District of New York. The adversary proceeding was filed by the Motors Liquidation Company Avoidance Action Trust (“AAT”) against the former holders of a $1.5 billion term loan issued by General Motors Corp. (“GM”) in 2006 (the “Term Loan Lenders”) who received a full repayment of the term loan pursuant to a court order in the GM bankruptcy proceeding. The court order was made with the understanding that the term loan was fully secured at the time of GM’s bankruptcy filing in June 2009. The AAT is seeking (1) a determination from the Bankruptcy Court that the security interest held by the Term Loan Lenders was not perfected at the time GM filed for Chapter 11 Bankruptcy protection and thus the Term Loan Lenders should have been treated in the same manner as GM’s unsecured creditors, (2) disgorgement of any interest payments made to the Term Loan Lenders within ninety days of GM’s filing for Chapter 11 Bankruptcy protection, and (3) disgorgement of the $1.5 billion term loan repayment that was made to the Term Loan Lenders. The value of the payment received under the term loan agreement by the Trust is approximately $4,166,000 (equal to 0.69% of net assets applicable to common shares at May 31, 2019). In April 2019, the parties to the litigation reached a settlement agreement in principle, subject to Court approval. In May 2019, the court preliminarily approved the settlement agreement reached by the parties to the litigation. The Trust does not anticipate that it will suffer any loss to the Trust’s net asset value as a result of the settlement. The attorneys’ fees and costs related to these actions are expensed by the Trust as incurred.

44

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Report of Independent Registered Public Accounting Firm

To the Trustees and Shareholders of Eaton Vance Floating-Rate Income Trust:

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statement of assets and liabilities of Eaton Vance Floating-Rate Income Trust (the “Trust”), including the portfolio of investments, as of May 31, 2019, the related statements of operations and cash flows for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Trust as of May 31, 2019, and the results of its operations and its cash flows for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on the Trust’s financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities and senior loans owned as of May 31, 2019, by correspondence with the custodian, brokers and selling or agent banks; when replies were not received from brokers and selling or agent banks, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

July 17, 2019

We have served as the auditor of one or more Eaton Vance investment companies since 1959.

45

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Federal Tax Information (Unaudited)

The Form1099-DIV you receive in February 2020 will show the tax status of all distributions paid to your account in calendar year 2019. Shareholders are advised to consult their own tax adviser with respect to the tax consequences of their investment in the Trust.

46

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Annual Meeting of Shareholders (Unaudited)

The Fund held its Annual Meeting of Shareholders on March 21, 2019. The following action was taken by the shareholders:

Item 1:  The election of Mark R. Fetting, Helen Frame Peters and Marcus L. Smith as Class III Trustees of the Fund for a three-year term expiring in 2022. Ms. Mosley was elected solely by VRTP Shareholders.

Nominee for Trustee Elected by All Shareholders	Number of Shares
	For		Withheld
Mark R. Fetting		36,029,126		1,028,398
Helen Frame Peters		36,001,299		1,056,225
Marcus L. Smith		36,015,050		1,042,474
Nominee for Trustee Elected by VRTP Shareholders	Number of Shares
	For		Withheld
Valerie A. Mosley		800		0

47

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Dividend Reinvestment Plan

The Trust offers a dividend reinvestment plan (Plan) pursuant to which shareholders may elect to have distributions automatically reinvested in common shares (Shares) of the Trust. You may elect to participate in the Plan by completing the Dividend Reinvestment Plan Application Form. If you do not participate, you will receive all distributions in cash paid by check mailed directly to you by American Stock Transfer & Trust Company, LLC (AST) as dividend paying agent. On the distribution payment date, if the NAV per Share is equal to or less than the market price per Share plus estimated brokerage commissions, then new Shares will be issued. The number of Shares shall be determined by the greater of the NAV per Share or 95% of the market price. Otherwise, Shares generally will be purchased on the open market by AST, the Plan agent (Agent). Distributions subject to income tax (if any) are taxable whether or not Shares are reinvested.

If your Shares are in the name of a brokerage firm, bank, or other nominee, you can ask the firm or nominee to participate in the Plan on your behalf. If the nominee does not offer the Plan, you will need to request that the Trust’s transfer agentre-register your Shares in your name or you will not be able to participate.

The Agent’s service fee for handling distributions will be paid by the Trust. Plan participants will be charged their pro rata share of brokerage commissions on all open-market purchases.

Plan participants may withdraw from the Plan at any time by writing to the Agent at the address noted on the following page. If you withdraw, you will receive Shares in your name for all Shares credited to your account under the Plan. If a participant elects by written notice to the Agent to sell part or all of his or her Shares and remit the proceeds, the Agent is authorized to deduct a $5.00 fee plus brokerage commissions from the proceeds.

If you wish to participate in the Plan and your Shares are held in your own name, you may complete the form on the following page and deliver it to the Agent. Any inquiries regarding the Plan can be directed to the Agent at1-866-439-6787.

48

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Application for Participation in Dividend Reinvestment Plan

This form is for shareholders who hold their common shares in their own names. If your common shares are held in the name of a brokerage firm, bank, or other nominee, you should contact your nominee to see if it will participate in the Plan on your behalf. If you wish to participate in the Plan, but your brokerage firm, bank, or nominee is unable to participate on your behalf, you should request that your common shares bere-registered in your own name which will enable your participation in the Plan.

The following authorization and appointment is given with the understanding that I may terminate it at any time by terminating my participation in the Plan as provided in the terms and conditions of the Plan.

Please print exact name on account

Shareholder signature                                                           Date

Shareholder signature                                                           Date

Please sign exactly as your common shares are registered. All persons whose names appear on the share certificate must sign.

YOU SHOULD NOT RETURN THIS FORM IF YOU WISH TO RECEIVE YOUR DISTRIBUTIONS IN CASH. THIS IS NOT A PROXY.

This authorization form, when signed, should be mailed to the following address:

Eaton Vance Floating-Rate Income Trust

c/o American Stock Transfer & Trust Company, LLC

P.O. Box 922

Wall Street Station

New York, NY 10269-0560

49

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Board of Trustees’ Contract Approval

Overview of the Contract Review Process

The Investment Company Act of 1940, as amended (the “1940 Act”), provides, in substance, that the investment advisory agreement between a fund and its investment adviser will continue in effect fromyear-to-year only if its continuation is approved on an annual basis by a vote of the fund’s board of trustees, including a majority of the trustees who are not “interested persons” of the fund (“independent trustees”), cast in person at a meeting called for the purpose of considering such approval.

At a meeting held on April 24, 2019, the Boards of Trustees/Directors (collectively, the “Board”) of the registered investment companies advised by Eaton Vance Management or its affiliate, Boston Management and Research (the “Eaton Vance Funds”), including a majority of the independent trustees (the “Independent Trustees”), voted to approve the continuation of existing investment advisory andsub-advisory agreements for each of the Eaton Vance Funds for an additionalone-year period. In voting its approval, the Board relied upon the affirmative recommendation of its Contract Review Committee, which is a committee exclusively comprised of Independent Trustees. Prior to making its recommendation, the Contract Review Committee reviewed information furnished by the adviser andsub-adviser (where applicable) to each of the Eaton Vance Funds (including information specifically requested by the Board) for a series of meetings held between February and April 2019. Members of the Contract Review Committee also considered information received at prior meetings of the Board and its committees, to the extent such information was relevant to the Contract Review Committee’s annual evaluation of the investment advisory andsub-advisory agreements.

Among other things, the information the Board considered included the following (for funds that invest through one or more underlying portfolios, references to “each fund” in this section may include information that was considered at the portfolio-level):

Information about Fees, Performance and Expenses

• A report from an independent data provider comparing advisory and related fees paid by each fund to such fees paid by comparable funds, as identified by the independent data provider (“comparable funds”);

• A report from an independent data provider comparing each fund’s total expense ratio (and its components) to those of comparable funds;

• A report from an independent data provider comparing the investment performance of each fund (including, where relevant, yield data, Sharpe ratios and information ratios) to the investment performance of comparable funds over various time periods;

• Data regarding investment performance relative to benchmark indices and, in certain instances, to customized groups of peer funds and blended indices identified by the adviser in consultation with the Portfolio Management Committee of the Board;

• Comparative information concerning the fees charged and services provided by the adviser andsub-adviser (where applicable) to each fund in managing other accounts (including mutual funds, other collective investment funds and institutional accounts) using investment strategies and techniques similar to those used in managing such fund(s), if any;

• Profitability analyses with respect to the adviser andsub-adviser (where applicable) to each of the funds;

Information about Portfolio Management and Trading

• Descriptions of the investment management services provided to each fund, as well as each of the funds’ investment strategies and policies;

• The procedures and processes used to determine the fair value of fund assets, when necessary, and actions taken to monitor and test the effectiveness of such procedures and processes;

• Information about the policies and practices of each fund’s adviser andsub-adviser (where applicable and in the context of asub-adviser with trading responsibilities) with respect to trading, including their processes for seeking best execution of portfolio transactions;

• Information about the allocation of brokerage transactions and the benefits, if any, received by the adviser andsub-adviser (where applicable and in the context of asub-adviser with trading responsibilities) to each fund as a result of brokerage allocation, including information concerning the acquisition of research through client commission arrangements and policies with respect to “soft dollars”;

• Data relating to the portfolio turnover rate of each fund;

Information about each Adviser andSub-adviser

• Reports detailing the financial results and condition of the adviser andsub-adviser (where applicable) to each fund;

• Information regarding the individual investment professionals whose responsibilities include portfolio management and investment research for the funds, and, for portfolio managers and certain other investment professionals, information relating to their responsibilities with respect to managing other mutual funds and investment accounts, if applicable;

• The Code of Ethics of the adviser and its affiliates and thesub-adviser (where applicable) of each fund, together with information relating to compliance with, and the administration of, such codes;

• Policies and procedures relating to proxy voting and the handling of corporate actions and class actions;

• Information concerning the resources devoted to compliance efforts undertaken by the adviser and its affiliates and thesub-adviser (where applicable) of each fund, if any, including descriptions of their various compliance programs and their record of compliance;

• Information concerning the business continuity and disaster recovery plans of the adviser and its affiliates and thesub-adviser (where applicable) of each fund, if any;

50

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Board of Trustees’ Contract Approval — continued

• A description of Eaton Vance Management’s and Boston Management and Research’s oversight ofsub-advisers, including with respect to regulatory and compliance issues, investment management and other matters;

Other Relevant Information

• Information concerning the nature, cost and character of the administrative and othernon-investment advisory services provided by Eaton Vance Management and its affiliates;

• Information concerning management of the relationship with the custodian, subcustodians and fund accountants by the adviser or administrator to each of the funds; and

• The terms of each investment advisory agreement.

During the various meetings of the Board and its committees throughout the twelve months ended April 2019, the Trustees received information from portfolio managers and other investment professionals of the advisers andsub-advisers (where applicable) of the funds regarding investment and performance matters, and considered various investment and trading strategies used in pursuing the funds’ investment objectives. The Trustees also received information regarding risk management techniques employed in connection with the management of the funds. The Board and its Committees evaluated issues pertaining to industry and regulatory developments, compliance procedures, fund governance and other issues with respect to the funds, and received and participated in reports and presentations provided by Eaton Vance Management, Boston Management and Research and fundsub-advisers (as applicable), with respect to such matters. In addition to the formal meetings of the Board and its committees, the Independent Trustees held regular teleconferences to discuss, among other topics, matters relating to the continuation of investment advisory andsub-advisory agreements.

The Contract Review Committee was advised throughout the contract review process by Goodwin Procter LLP, independent legal counsel for the Independent Trustees. The members of the Contract Review Committee, with the advice of such counsel, exercised their own business judgment in determining the material factors to be considered in evaluating each investment advisory andsub-advisory agreement and the weight to be given to each such factor. The conclusions reached with respect to each investment advisory andsub-advisory agreement were based on a comprehensive evaluation of all the information provided and not any single factor. Moreover, each member of the Contract Review Committee may have placed varying emphasis on particular factors in reaching conclusions with respect to each investment advisory andsub-advisory agreement. In evaluating each investment advisory andsub-advisory agreement, including the fee structures and other terms contained in such agreements, the members of the Contract Review Committee were also informed by multiple years of analysis and discussion with the adviser andsub-adviser (where applicable) to each of the Eaton Vance Funds.

Results of the Process

Based on its consideration of the foregoing, and such other information as it deemed relevant, including the factors and conclusions described below, the Contract Review Committee concluded that the continuation of the investment advisory agreement between Eaton Vance Floating-Rate Income Trust (the “Fund”) and Eaton Vance Management (the “Adviser”), including its fee structure, is in the interests of shareholders and, therefore, recommended to the Board approval of the agreement. Based on the recommendation of the Contract Review Committee, the Board, including a majority of the Independent Trustees, voted to approve continuation of the investment advisory agreement for the Fund.

Nature, Extent and Quality of Services

In considering whether to approve the investment advisory agreement for the Fund, the Board evaluated the nature, extent and quality of services provided to the Fund by the Adviser.

The Board considered the Adviser’s management capabilities and investment processes in light of the types of investments held by the Fund, including the education, experience and number of investment professionals and other personnel who provide portfolio management, investment research, and similar services to the Fund, including recent changes to such personnel. In particular, the Board considered the abilities and experience of the Adviser’s investment professionals in analyzing factors such as the special considerations relevant to investing in senior floating rate loans. The Board considered the Adviser’s large group of bank loan investment professionals and other personnel who provide services to the Fund, including portfolio managers and analysts. The Board also took into account the resources dedicated to portfolio management and other services, the compensation methods of the Adviser and other factors, including the reputation and resources of the Adviser to recruit and retain highly qualified research, advisory and supervisory investment professionals. In addition, the Board considered the time and attention devoted to the Eaton Vance Funds, including the Fund, by senior management, as well as the infrastructure, operational capabilities and support staff in place to assist in the portfolio management and operations of the Fund, including the provision of administrative services. The Board also considered the business-related and other risks to which the Adviser or its affiliates may be subject in managing the Fund.

The Board considered the compliance programs of the Adviser and relevant affiliates thereof. The Board considered compliance and reporting matters regarding, among other things, personal trading by investment professionals, disclosure of portfolio holdings, late trading, frequent trading, portfolio valuation, business continuity and the allocation of investment opportunities. The Board also considered the responses of the Adviser and its affiliates to requests in recent years from regulatory authorities, such as the Securities and Exchange Commission and the Financial Industry Regulatory Authority.

51

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Board of Trustees’ Contract Approval — continued

The Board considered shareholder and other administrative services provided or managed by Eaton Vance Management and its affiliates, including transfer agency and accounting services. The Board evaluated the benefits to shareholders of investing in a fund that is a part of a large fund complex offering exposure to a variety of asset classes and investment disciplines.

After consideration of the foregoing factors, among others, the Board concluded that the nature, extent and quality of services provided by the Adviser, taken as a whole, are appropriate and consistent with the terms of the investment advisory agreement.

Fund Performance

The Board compared the Fund’s investment performance to that of comparable funds and appropriate benchmark indices, as well as a customized peer group of similarly managed funds. The Board’s review included comparative performance data with respect to the Fund for theone-, three-, five- andten-year periods ended September 30, 2018. In this regard, the Board noted that the performance of the Fund was higher than the median performance of the Fund’s peer group and custom peer group for the three-year period. The Board also noted that the performance of the Fund was higher than its benchmark index for the three-year period. The Board concluded that the performance of the Fund was satisfactory.

Management Fees and Expenses

The Board considered contractual fee rates payable by the Fund for advisory and administrative services (referred to collectively as “management fees”). As part of its review, the Board considered the Fund’s management fees and total expense ratio for theone-year period ended September 30, 2018, as compared to those of comparable funds, before and after giving effect to any undertaking to waive fees or reimburse expenses. The Board also received and considered information about the services offered and the fee rates charged by the Adviser to other types of accounts with investment objectives and strategies that are substantially similar to and/or managed in a similar investment style as the Fund. In this regard, the Board received information about the differences in the nature and scope of services the Adviser provides to the Fund as compared to other types of accounts and the material differences in compliance, reporting and other legal burdens and risks to the Adviser as between the Fund and other types of accounts. The Board also considered factors that had an impact on the Fund’s total expense ratio relative to comparable funds.

After considering the foregoing information, and in light of the nature, extent and quality of the services provided by the Adviser, the Board concluded that the management fees charged for advisoryand related services are reasonable.

Profitability and“Fall-Out” Benefits

The Board considered the level of profits realized by the Adviser and relevant affiliates thereof in providing investment advisory and administrative services to the Fund and to all Eaton Vance Funds as a group. The Board considered the level of profits realized without regard to marketing support or other payments by the Adviser and its affiliates to third parties in respect of distribution services.

The Board concluded that, in light of the foregoing factors and the nature, extent and quality of the services rendered, the profits realized by the Adviser and its affiliates are deemed not to be excessive.

The Board also considered direct or indirectfall-out benefits received by the Adviser and its affiliates in connection with their respective relationships with the Fund, including the benefits of research services that may be available to the Adviser as a result of securities transactions effected for the Fund and other investment advisory clients.

Economies of Scale

In reviewing management fees and profitability, the Board also considered the extent to which the Adviser and its affiliates, on the one hand, and the Fund, on the other hand, can expect to realize benefits from economies of scale as the assets of the Fund increase. The Board acknowledged the difficulty in accurately measuring the benefits resulting from economies of scale, if any, with respect to the management of any specific fund or group of funds. The Board reviewed data summarizing the increases and decreases in the assets of the Fund and of all Eaton Vance Funds as a group over various time periods, and evaluated the extent to which the total expense ratio of the Fund and the profitability of the Adviser and its affiliates may have been affected by such increases or decreases. Based upon the foregoing, the Board concluded that the Fund currently shares in the benefits from economies of scale, if any, when they are realized by the Adviser. The Board also considered the fact that the Fund is not continuously offered in the same manner as anopen-end fund and that, notwithstanding that the Fund is authorized to issue additional common shares through a shelf offering, the Fund’s assets are not expected to increase materially in the foreseeable future. Accordingly, the Board concluded that the implementation of breakpoints in the advisory fee schedule is not warranted at this time.

52

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Management and Organization

Fund Management.  The Trustees of Eaton Vance Floating-Rate Income Trust (the Trust) are responsible for the overall management and supervision of the Trust’s affairs. The Trustees and officers of the Trust are listed below. Except as indicated, each individual has held the office shown or other offices in the same company for the last five years. The “Noninterested Trustees” consist of those Trustees who are not “interested persons” of the Trust, as that term is defined under the 1940 Act. The business address of each Trustee and officer is Two International Place, Boston, Massachusetts 02110. As used below, “EVC” refers to Eaton Vance Corp., “EV” refers to Eaton Vance, Inc., “EVM” refers to Eaton Vance Management, “BMR” refers to Boston Management and Research and “EVD” refers to Eaton Vance Distributors, Inc. EVC and EV are the corporate parent and trustee, respectively, of EVM and BMR. EVD is the Trust’s principal underwriter and a wholly-owned subsidiary of EVC. Each officer affiliated with Eaton Vance may hold a position with other Eaton Vance affiliates that is comparable to his or her position with EVM listed below. Each Trustee oversees 169 portfolios in the Eaton Vance Complex (including all master and feeder funds in a master feeder structure). Each officer serves as an officer of certain other Eaton Vance funds. Each Trustee serves for a three-year term. Each officer serves until his or her successor is elected.

Name and Year of Birth	Position(s) with the Trust	Term Expiring. Trustee Since(1)	Principal Occupation(s) and Other Directorships During Past Five Years and Other Relevant Experience
Interested Trustee
Thomas E. Faust Jr. 1958	Class I Trustee	Until 2020. Trustee since 2007.	Chairman, Chief Executive Officer and President of EVC, Director and President of EV, Chief Executive Officer and President of EVM and BMR, and Director of EVD. Trustee and/or officer of 169 registered investment companies. Mr. Faust is an interested person because of his positions with EVM, BMR, EVD, EVC and EV, which are affiliates of the Trust. Other Directorships in the Last Five Years.(2)Director of EVC and Hexavest Inc. (investment management firm).
Noninterested Trustees
Mark R. Fetting 1954	Class III Trustee	Until 2022. Trustee since 2016.	Private investor. Formerly held various positions at Legg Mason, Inc. (investment management firm) (2000-2012), including President, Chief Executive Officer, Director and Chairman (2008-2012), Senior Executive Vice President (2004-2008) and Executive Vice President (2001-2004). Formerly, President of Legg Mason family of funds (2001-2008). Formerly, Division President and Senior Officer of Prudential Financial Group, Inc. and related companies (investment management firm) (1991-2000). Other Directorships in the Last Five Years. None.
Cynthia E. Frost 1961	Class I Trustee	Until 2020. Trustee since 2014.	Private investor. Formerly, Chief Investment Officer of Brown University (university endowment) (2000-2012). Formerly, Portfolio Strategist for Duke Management Company (university endowment manager) (1995-2000). Formerly, Managing Director, Cambridge Associates (investment consulting company) (1989-1995). Formerly, Consultant, Bain and Company (management consulting firm)(1987-1989). Formerly, Senior Equity Analyst, BA Investment Management Company (1983-1985). Other Directorships in the Last Five Years.None.
George J. Gorman 1952	Class II Trustee(3)	Until 2021. Trustee since 2014.	Principal at George J. Gorman LLC (consulting firm). Formerly, Senior Partner at Ernst & Young LLP (a registered public accounting firm) (1974-2009). Other Directorships in the Last Five Years.Formerly, Trustee of the BofA Funds Series Trust (11 funds) (2011-2014) and of the Ashmore Funds (9 funds)(2010-2014).
Valerie A. Mosley 1960	Class III Trustee(3)	Until 2022. Trustee since 2014.	Chairwoman and Chief Executive Officer of Valmo Ventures (a consulting and investment firm). Former Partner and Senior Vice President, Portfolio Manager and Investment Strategist at Wellington Management Company, LLP (investment management firm) (1992-2012). Former Chief Investment Officer, PG Corbin Asset Management (1990-1992). Formerly worked in institutional corporate bond sales at Kidder Peabody (1986-1990). Other Directorships in the Last Five Years.(2)Director of Envestnet, Inc. (provider of intelligent systems for wealth management and financial wellness) (since 2018). Director of Dynex Capital, Inc. (mortgage REIT) (since 2013).

53

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Management and Organization — continued

Name and Year of Birth	Position(s) with the Trust	Term Expiring. Trustee  Since(1)	Principal Occupation(s) and Other Directorships During Past Five Years and Other Relevant Experience
Noninterested Trustees (continued)
William H. Park 1947	Chairperson of the Board and Class II Trustee	Until 2021. Chairperson of the Board since 2016 and Trustee since 2003.	Private investor. Formerly, Consultant (management and transactional)(2012-2014). Formerly, Chief Financial Officer, Aveon Group L.P. (investment management firm) (2010-2011). Formerly, Vice Chairman, Commercial Industrial Finance Corp. (specialty finance company) (2006-2010). Formerly, President and Chief Executive Officer, Prizm Capital Management, LLC (investment management firm) (2002-2005). Formerly, Executive Vice President and Chief Financial Officer, United Asset Management Corporation (investment management firm)(1982-2001). Formerly, Senior Manager, Price Waterhouse (now PricewaterhouseCoopers) (a registered public accounting firm) (1972-1981). Other Directorships in the Last Five Years.(2)None.
Helen Frame Peters 1948	Class III Trustee	Until 2022. Trustee since 2008.	Professor of Finance, Carroll School of Management, Boston College. Formerly, Dean, Carroll School of Management, Boston College (2000-2002). Formerly, Chief Investment Officer, Fixed Income, Scudder Kemper Investments (investment management firm) (1998-1999). Formerly, Chief Investment Officer, Equity and Fixed Income, Colonial Management Associates (investment management firm) (1991-1998). Other Directorships in the Last Five Years.(2) None.
Keith Quinton(4) 1958	Class II Trustee	Until 2021. Trustee since 2018.	Independent Investment Committee Member at New Hampshire Retirement System (since 2017). Advisory Committee member at Northfield Information Services, Inc. (risk management analytics provider) (since 2016). Formerly, Portfolio Manager and Senior Quantitative Analyst at Fidelity Investments (investment management firm) (2001-2014). Other Directorships in the Last Five Years. Director of New Hampshire Municipal Bond Bank (since 2016).
Marcus L. Smith(4) 1966	Class III Trustee	Until 2022. Trustee since 2018.	Member of Posse Boston Advisory Board (foundation) (since 2015). Trustee at University of Mount Union (since 2008). Formerly, Portfolio Manager at MFS Investment Management (investment management firm) (1994-2017). Other Directorships in the Last Five Years. Director of MSCI Inc. (global provider of investment decision support tools) (since 2017). Formerly, Director of DCT Industrial Trust Inc. (logistics real estate company) (2017-2018).
Susan J. Sutherland 1957	Class II Trustee	Until 2021. Trustee since 2015.	Private investor. Formerly, Associate, Counsel and Partner at Skadden, Arps, Slate, Meagher & Flom LLP (law firm) (1982-2013). Other Directorships in the Last Five Years. Formerly, Director of Montpelier Re Holdings Ltd. (global provider of customized insurance and reinsurance products) (2013-2015).
Scott E. Wennerholm 1959	Class I Trustee	Until 2020. Trustee since 2016.	Formerly, Trustee at Wheelock College (postsecondary institution) (2012-2018). Formerly, Consultant at GF Parish Group (executive recruiting firm) (2016-2017). Formerly, Chief Operating Officer and Executive Vice President at BNY Mellon Asset Management (investment management firm) (2005-2011). Formerly, Chief Operating Officer and Chief Financial Officer at Natixis Global Asset Management (investment management firm) (1997-2004). Formerly, Vice President at Fidelity Investments Institutional Services (investment management firm) (1994-1997). Other Directorships in the Last Five Years. None.

Name and Year of Birth	Position(s) with the Trust	Officer Since(5)	Principal Occupation(s) During Past Five Years
Principal Officers who are not Trustees
Payson F. Swaffield 1956	President	2003	Vice President and Chief Income Investment Officer of EVM and BMR. Also Vice President of Calvert Research and Management (“CRM”).
Maureen A. Gemma 1960	Vice President, Secretary and Chief Legal Officer	2005	Vice President of EVM and BMR. Also Vice President of CRM since 2016.

54

Eaton Vance

Floating-Rate Income Trust

May 31, 2019

Management and Organization — continued

Name and Year of Birth	Position(s) with the Trust	Officer Since(5)	Principal Occupation(s) During Past Five Years
Principal Officers who are not Trustees (continued)
James F. Kirchner 1967	Treasurer	2007	Vice President of EVM and BMR. Also Vice President of CRM since 2016.
Richard F. Froio 1968	Chief Compliance Officer	2017	Vice President of EVM and BMR since 2017. Formerly, Deputy Chief Compliance Officer (Adviser/Funds) and Chief Compliance Officer (Distribution) at PIMCO(2012-2017) and Managing Director at BlackRock/Barclays Global Investors (2009-2012).

⁽¹⁾ Year first appointed to serve as Trustee for a fund in the Eaton Vance family of funds. Each Trustee has served continuously since appointment unless indicated otherwise. Each Trustee holds office until the annual meeting for the year in which his or her term expires and until his or her successor is elected and qualified, subject to a prior death, resignation, retirement, disqualification or removal.

⁽²⁾ During their respective tenures, the Trustees (except for Mmes. Frost and Sutherland and Messrs. Fetting, Gorman, Quinton, Smith and Wennerholm) also served as Board members of one or more of the following funds (which operated in the years noted): eUnitsTM 2 Year U.S. Market Participation Trust: Upside to Cap / Buffered Downside (launched in 2012 and terminated in 2014); and eUnitsTM 2 Year U.S. Market Participation Trust II: Upside to Cap / Buffered Downside (launched in 2012 and terminated in 2014). However, Ms. Mosley did not serve as a Board member of eUnitsTM 2 Year U.S. Market Participation Trust: Upside to Cap / Buffered Downside (launched in 2012 and terminated in 2014).

⁽³⁾ VRTP Trustee

⁽⁴⁾ Messrs. Quinton and Smith began serving as Trustees effective October 1, 2018.

⁽⁵⁾ Year first elected to serve as officer of a fund in the Eaton Vance family of funds when the officer has served continuously. Otherwise, year of most recent election as an officer of a fund in the Eaton Vance family of funds. Titles may have changed since initial election.

55

Eaton Vance Funds

IMPORTANT NOTICES

Privacy.  The Eaton Vance organization is committed to ensuring your financial privacy. Each of the financial institutions identified below has in effect the following policy (“Privacy Policy”) with respect to nonpublic personal information about its customers:

• Only such information received from you, through application forms or otherwise, and information about your Eaton Vance fund transactions will be collected. This may include information such as name, address, social security number, tax status, account balances and transactions.

• None of such information about you (or former customers) will be disclosed to anyone, except as permitted by law (which includes disclosure to employees necessary to service your account). In the normal course of servicing a customer’s account, Eaton Vance may share information with unaffiliated third parties that perform various required services such as transfer agents, custodians and broker-dealers.

• Policies and procedures (including physical, electronic and procedural safeguards) are in place that are designed to protect the confidentiality of such information.

• We reserve the right to change our Privacy Policy at any time upon proper notification to you. Customers may want to review our Privacy Policy periodically for changes by accessing the link on our homepage: www.eatonvance.com.

Our pledge of privacy applies to the following entities within the Eaton Vance organization: the Eaton Vance Family of Funds, Eaton Vance Management, Eaton Vance Investment Counsel, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd., Eaton Vance Management’s Real Estate Investment Group and Boston Management and Research. In addition, our Privacy Policy applies only to those Eaton Vance customers who are individuals and who have a direct relationship with us. If a customer’s account (i.e., fund shares) is held in the name of a third-party financial advisor/broker-dealer, it is likely that only such advisor’s privacy policies apply to the customer. This notice supersedes all previously issued privacy disclosures. For more information about Eaton Vance’s Privacy Policy, please call1-800-262-1122.

Delivery of Shareholder Documents.  The Securities and Exchange Commission (SEC) permits funds to deliver only one copy of shareholder documents, including prospectuses, proxy statements and shareholder reports, to fund investors with multiple accounts at the same residential or post office box address. This practice is often called “householding” and it helps eliminate duplicate mailings to shareholders. American Stock Transfer & Trust Company, LLC (“AST”), theclosed-end funds transfer agent, or your financial advisor, may household the mailing of your documents indefinitely unless you instruct AST, or your financial advisor, otherwise. If you would prefer that your Eaton Vance documents not be householded, please contact AST or your financial advisor. Your instructions that householding not apply to delivery of your Eaton Vance documents will typically be effective within 30 days of receipt by AST or your financial advisor.

Portfolio Holdings.  Each Eaton Vance Fund and its underlying Portfolio(s) (if applicable) files a schedule of portfolio holdings on Part F toForm N-PORT with the SEC for the first and third quarters of each fiscal year. The FormN-PORT will be available on the Eaton Vance website at www.eatonvance.com, by calling Eaton Vance at1-800-262-1122 or in the EDGAR database on the SEC’s website at www.sec.gov.

Proxy Voting.  From time to time, funds are required to vote proxies related to the securities held by the funds. The Eaton Vance Funds or their underlying Portfolios (if applicable) vote proxies according to a set of policies and procedures approved by the Funds’ and Portfolios’ Boards. You may obtain a description of these policies and procedures and information on how the Funds or Portfolios voted proxies relating to portfolio securities during the most recent12-month period ended June 30, without charge, upon request, by calling1-800-262-1122 and by accessing the SEC’s website at www.sec.gov.

Share Repurchase Program.  The Fund’s Board of Trustees has approved a share repurchase program authorizing the Fund to repurchase up to 10% of its common shares outstanding as of the last day of the prior calendar year in open-market transactions at a discount to net asset value. The repurchase program does not obligate the Fund to purchase a specific amount of shares. The Fund’s repurchase activity, including the number of shares purchased, average price and average discount to net asset value, is disclosed in the Fund’s annual and semi-annual reports to shareholders.

Additional Notice to Shareholders.  If applicable, a Fund may also redeem or purchase its outstanding preferred shares in order to maintain compliance with regulatory requirements, borrowing or rating agency requirements or for other purposes as it deems appropriate or necessary.

Closed-End Fund Information.  Eaton Vanceclosed-end funds make fund performance data and certain information about portfolio characteristics available on the Eaton Vance website shortly after the end of each month. Other information about the funds is available on the website. The funds’ net asset value per share is readily accessible on the Eaton Vance website. Portfolio holdings for the most recentmonth-end are also posted to the website approximately 30 days following the end of the month. This information is available at www.eatonvance.com on the fund information pages under “Individual Investors —Closed-End Funds”.

56

Investment Adviser and Administrator

Eaton Vance Management

Two International Place

Boston, MA 02110

Custodian

State Street Bank and Trust Company

State Street Financial Center, One Lincoln Street

Boston, MA 02111

Transfer Agent

American Stock Transfer & Trust Company, LLC

6201 15^th Avenue

Brooklyn, NY 11219

Independent Registered Public Accounting Firm

Deloitte & Touche LLP

200 Berkeley Street

Boston, MA 02116-5022

Fund Offices

Two International Place

Boston, MA 02110

2224    5.31.19

Item 2. Code of Ethics

The registrant has adopted a code of ethics applicable to its Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer. The registrant undertakes to provide a copy of such code of ethics to any person upon request, without charge, by calling1-800-262-1122. The registrant has not amended the code of ethics as described in FormN-CSR during the period covered by this report. The registrant has not granted any waiver, including an implicit waiver, from a provision of the code of ethics as described in FormN-CSR during the period covered by this report.

Item 3. Audit Committee Financial Expert

The registrant’s Board has designated George J. Gorman and William H. Park, each an independent trustee, as audit committee financial experts. Mr. Gorman is a certified public accountant who is the Principal at George J. Gorman LLC (a consulting firm). Previously, Mr. Gorman served in various capacities at Ernst & Young LLP (a registered public accounting firm), including as Senior Partner. Mr. Gorman also has experience serving as an independent trustee and audit committee financial expert of other mutual fund complexes. Mr. Park is a certified public accountant who is a private investor. Previously, he served as a consultant, as the Chief Financial Officer of Aveon Group, L.P. (an investment management firm), as the Vice Chairman of Commercial Industrial Finance Corp. (specialty finance company), as President and Chief Executive Officer of Prizm Capital Management, LLC (investment management firm), as Executive Vice President and Chief Financial Officer of United Asset Management Corporation (an institutional investment management firm) and as a Senior Manager at Price Waterhouse (now PricewaterhouseCoopers) (a registered public accounting firm).

Item 4. Principal Accountant Fees and Services

(a) –(d)

The following table presents the aggregate fees billed to the registrant for the registrant’s fiscal years ended May 31, 2018 and May 31, 2019 by the registrant’s principal accountant, Deloitte & Touche LLP (“D&T”), for professional services rendered for the audit of the registrant’s annual financial statements and fees billed for other services rendered by D&T during such periods

Eaton Vance Floating-Rate Trust Income

Fiscal Years Ended	5/31/18		5/31/19
Audit Fees	$	109,212	$	109,500
Audit-Related Fees(1)	$	18,000	$	0
Tax Fees(2)	$	22,006	$	22,006
All Other Fees(3)	$	0	$	0
Total	$	149,218	$	131,506

⁽¹⁾  Audit-related fees consist of the aggregate fees billed for assurance and related services that are reasonably related to the performance of the audit of financial statements and are not reported under the category of audit fees and specifically include fees for the performance of certain agreed-upon procedures relating to the registrant’s Revolving Credit and Security Agreement.

⁽²⁾  Tax fees consist of the aggregate fees billed for professional services rendered by the principal accountant relating to tax compliance, tax advice, and tax planning and specifically include fees for tax return preparation and other related tax compliance/planning matters.

⁽³⁾  All other fees consist of the aggregate fees billed for products and services provided by the principal accountant other than audit, audit-related, and tax services.

(e)(1) The registrant’s audit committee has adopted policies and procedures relating to thepre-approval of services provided by the registrant’s principal accountant (the“Pre-Approval Policies”). ThePre-Approval Policies establish a framework intended to assist the audit committee in the proper discharge of itspre-approval responsibilities. As a general matter, thePre-Approval Policies (i) specify certain types of audit, audit-related, tax, and other services determined to bepre-approved by the audit committee; and (ii) delineate specific procedures governing the mechanics of thepre-approval process, including the approval and monitoring of audit andnon-audit service fees. Unless a service is specificallypre-approved under thePre-Approval Policies, it must be separatelypre-approved by the audit committee.

ThePre-Approval Policies and the types of audit andnon-audit servicespre-approved therein must be reviewed and ratified by the registrant’s audit committee at least annually. The registrant’s audit committee maintains full responsibility for the appointment, compensation, and oversight of the work of the registrant’s principal accountant.

(e)(2) No services described in paragraphs (b)-(d) above were approved by the registrant’s audit committee pursuant to the “de minimis exception” set forth in Rule2-01(c)(7)(i)(C) of RegulationS-X.

(f) Not applicable.

(g) The following table presents (i) the aggregatenon-audit fees (i.e., fees for audit-related, tax, and other services) billed to the registrant by D&T for the registrant’s fiscal years ended May 31, 2018 and May 31, 2019; and (ii) the aggregatenon-audit fees (i.e., fees for audit-related, tax, and other services) billed to the Eaton Vance organization by D&T for the same time periods.

Fiscal Years Ended	5/31/18		5/31/19
Registrant	$	40,006	$	22,006
Eaton Vance(1)	$	51,855	$	60,130

⁽¹⁾  The investment adviser to the registrant, as well as any of its affiliates that provide ongoing services to the registrant, are subsidiaries of Eaton Vance Corp.

(h) The registrant’s audit committee has considered whether the provision by the registrant’s principal accountant ofnon-audit services to the registrant’s investment adviser and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant that were notpre-approved pursuant to Rule2-01(c)(7)(ii) of RegulationS-X is compatible with maintaining the principal accountant’s independence.

Item 5. Audit Committee of Listed Registrants

The registrant has a separately-designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Securities and Exchange Act of 1934, as amended. George J. Gorman (Chair), Valerie A. Mosley, William H. Park and Scott E. Wennerholm are the members of the registrant’s audit committee.

Item 6. Schedule of Investments

Please see schedule of investments contained in the Report to Stockholders included under Item 1 of this FormN-CSR.

Item 7. Disclosure of Proxy Voting Policies and Procedures forClosed-End Management Investment Companies

The Board of Trustees of the Trust has adopted a proxy voting policy and procedure (the “Fund Policy”), pursuant to which the Trustees have delegated proxy voting responsibility to the Fund’s investment adviser and adopted the investment adviser’s proxy voting policies and procedures (the “Policies”) which are described below. The Trustees will review the Fund’s proxy voting records from time to time and will annually consider approving the Policies for the upcoming year. In the event that a conflict of interest arises between the Fund’s shareholders and the investment adviser, the administrator, or any of their affiliates or any affiliate of the Fund, the investment adviser will generally refrain from voting the proxies related to the companies giving rise to such conflict until it consults with the Board’s Special Committee except as contemplated under the Fund Policy. The Board’s Special Committee will instruct the investment adviser on the appropriate course of action.

The Policies are designed to promote accountability of a company’s management to its shareholders and to align the interests of management with those shareholders. An independent proxy voting service (“Agent”), currently Institutional Shareholder Services, Inc., has been retained to assist in the voting of proxies through the provision of vote analysis, implementation and recordkeeping and disclosure services. The investment adviser will generally vote proxies through the Agent. The Agent is required to vote all proxies and/or refer them back to the investment adviser pursuant to the Policies. It is generally the policy of the investment adviser to vote in accordance with the recommendation of the Agent. The Agent shall refer to the investment adviser proxies relating to mergers and restructurings, and the disposition of assets, termination, liquidation and mergers contained in mutual fund proxies. The investment adviser will normally vote against anti-takeover measures and other proposals designed to limit the ability of shareholders to act on possible transactions, except in the case ofclosed-end management investment companies. The investment adviser generally supports management on social and environmental proposals. The investment adviser may abstain from voting from time to time where it determines that the costs associated with voting a proxy outweighs the benefits derived from exercising the right to vote or the economic effect on shareholders interests or the value of the portfolio holding is indeterminable or insignificant.

In addition, the investment adviser will monitor situations that may result in a conflict of interest between the Fund’s shareholders and the investment adviser, the administrator, or any of their affiliates or any affiliate of the Fund by maintaining a list of significant existing and prospective corporate clients. The investment adviser’s personnel responsible for reviewing and voting proxies on behalf of the Fund will report any proxy received or expected to be received from a company included on that list to the personnel of the investment adviser identified in the Policies. If such personnel expects to instruct the Agent to vote such proxies in a manner inconsistent with the guidelines of the Policies or the recommendation of the Agent, the personnel will consult with members of senior management of the investment adviser to determine if a material conflict of interests exists. If it is determined that a material conflict does exist, the investment adviser will seek instruction on how to vote from the Special Committee.

Information on how the Fund voted proxies relating to portfolio securities during the most recent 12 month period ended June 30 is available (1) without charge, upon request, by calling1-800-262-1122, and (2) on the Securities and Exchange Commission’s website athttp://www.sec.gov.

Item 8. Portfolio Managers ofClosed-End Management Investment Companies

Eaton Vance Management (“EVM” or “Eaton Vance”) is the investment adviser of the Trust. Ralph H. Hinckley, Jr., William E. Holt, Catherine C. McDermott, Daniel P. McElaney, Scott H. Page and Andrew N. Sveen comprise the investment team responsible for the overall andday-to-day management of the Trust’s investments.

Mr. Hinckley is a Vice President of EVM and has been a portfolio manager of the Trust since January 2008. Messrs. Holt, McElaney and Sveen and Ms. McDermott are Vice Presidents of EVM and have been portfolio managers of the Trust since March 2019. Mr. Page is a Vice President of EVM and has been a portfolio manager of the Trust since June 2004. Messrs. Hinckley, Page and Sveen and Ms. McDermott have managed other Eaton Vance portfolios for more than five years. This information is provided as of the date of filing this report.

The following table shows, as of the Trust’s most recent fiscal year end, the number of accounts each portfolio manager managed in each of the listed categories and the total assets (in millions of dollars) in the accounts managed within each category. The table also shows the number of accounts with respect to which the advisory fee is based on the performance of the account, if any, and the total assets (in millions of dollars) in those accounts.

		Number of All Accounts		Total Assets of All Accounts		Number of Accounts Paying a Performance Fee		Total Assets of Accounts Paying a Performance Fee
Ralph H. Hinckley, Jr.
Registered Investment Companies			1	$	946.1		0	$	0
Other Pooled Investment Vehicles			3	$	6,127.2		0	$	0
Other Accounts			2	$	1,098.8		0	$	0
William E. Holt
Registered Investment Companies			5	$	2,785.8		0	$	0
Other Pooled Investment Vehicles			0	$	0		0	$	0
Other Accounts			0	$	0		0	$	0
Catherine C. McDermott	��
Registered Investment Companies			8	$	5,734.0		0	$	0
Other Pooled Investment Vehicles			0	$	0		0	$	0
Other Accounts			0	$	0		0	$	0
Daniel P. McElaney
Registered Investment Companies			5	$	2,785.8		0	$	0
Other Pooled Investment Vehicles			0	$	0		0	$	0
Other Accounts			0	$	0		0	$	0
Scott H. Page
Registered Investment Companies			13	$	27,700.6		0	$	0
Other Pooled Investment Vehicles			10	$	8,382.5		0	$	0
Other Accounts			5	$	5,082.8		0	$	0
Andrew N. Sveen
Registered Investment Companies			10	$	24,752.4		0	$	0
Other Pooled Investment Vehicles			0	$	0		0	$	0
Other Accounts			0	$	0		0	$	0

The following table shows the dollar range of Trust shares beneficially owned by each portfolio manager as of the Trust’s most recent fiscal year end.

Portfolio Manager	Dollar Range of Equity Securities Beneficially Owned in the Trust
Ralph H. Hinckley, Jr.	$	50,001 – $100,000
William E. Holt		None
Catherine C. McDermott		None
Daniel P. McElaney		None
Scott H. Page	$	100,001 – $500,000
Andrew N. Sveen		None

Potential for Conflicts of Interest. It is possible that conflicts of interest may arise in connection with a portfolio manager’s management of the Fund’s investments on the one hand and the investments of other accounts for which a portfolio manager is responsible on the other. For example, a portfolio manager may have conflicts of interest in allocating management time, resources and investment opportunities among the Fund and other accounts he or she advises. In addition, due to differences in the investment strategies or restrictions between the Fund and the other accounts, the portfolio manager may take action with respect to another account that differs from the action taken with respect to the Fund. In some cases, another account managed by a portfolio manager may compensate the investment adviser based on the performance of the securities held by that account. The existence of such a performance based fee may create additional conflicts of interest for the portfolio manager in the allocation of management time, resources and investment opportunities. Whenever conflicts of interest arise, the portfolio manager will endeavor to exercise his or her discretion in a manner that he or she believes is equitable to all interested persons. EVM has adopted several policies and procedures designed to address these potential conflicts including a code of ethics and policies that govern the investment adviser’s trading practices, including among other things the aggregation and allocation of trades among clients, brokerage allocations, cross trades and best execution.

Compensation Structure for EVM

Compensation of EVM’s portfolio managers and other investment professionals has the following primary components: (1) a base salary, (2) an annual cash bonus, (3) annualnon-cash compensation consisting of options to purchase shares of EVC nonvoting common stock and/or restricted shares of EVC nonvoting common stock that generally are subject to a vesting schedule and (4) (for equity portfolio managers) a Deferred Alpha Incentive Plan, which pays a deferred cash award tied to future excess returns in certain equity strategy portfolios. EVM’s investment professionals also receive certain retirement, insurance and other benefits that are broadly available to EVM’s employees. Compensation of EVM’s investment professionals is reviewed primarily on an annual basis. Cash bonuses, stock-based compensation awards, and adjustments in base salary are typically paid or put into effect at or shortly after the October 31st fiscal year end of EVC.

Method to Determine Compensation. EVM compensates its portfolio managers based primarily on the scale and complexity of their portfolio responsibilities and the total return performance of managed funds and accounts versus the benchmark(s) stated in the prospectus, as well as an appropriate peer group (as described below). In addition to rankings within peer groups of funds on the basis of absolute performance, consideration may also be given to relative risk-adjusted performance. Risk-adjusted performance measures include, but are not limited to, the Sharpe Ratio (Sharpe Ratio uses standard deviation and excess return to determine reward per unit of risk). Performance is normally based on periods ending on the September 30th preceding fiscal year end. Fund performance is normally evaluated primarily versus peer groups of funds as determined by Lipper

Inc. and/or Morningstar, Inc. When a fund’s peer group as determined by Lipper or Morningstar is deemed by EVM’s management not to provide a fair comparison, performance may instead be evaluated primarily against a custom peer group or market index. In evaluating the performance of a fund and its manager, primary emphasis is normally placed on three-year performance, with secondary consideration of performance over longer and shorter periods. For funds that aretax-managed or otherwise have an objective ofafter-tax returns, performance is measured net of taxes. For other funds, performance is evaluated on apre-tax basis. For funds with an investment objective other than total return (such as current income), consideration will also be given to the fund’s success in achieving its objective. For managers responsible for multiple funds and accounts, investment performance is evaluated on an aggregate basis, based on averages or weighted averages among managed funds and accounts. Funds and accounts that have performance-based advisory fees are not accorded disproportionate weightings in measuring aggregate portfolio manager performance. A portion of the compensation payable to equity portfolio managers and investment professionals will be determined based on the ability of one or more accounts managed by such manager to achieve a specified target average annual gross return over a three year period in excess of the account benchmark. The cash award to be payable at the end of the three year term will be established at the inception of the term and will be adjusted positively or negatively to the extent that the average annual gross return varies from the specified target return.

The compensation of portfolio managers with other job responsibilities (such as heading an investment group or providing analytical support to other portfolios) will include consideration of the scope of such responsibilities and the managers’ performance in meeting them.

EVM seeks to compensate portfolio managers commensurate with their responsibilities and performance, and competitive with other firms within the investment management industry. EVM participates in investment-industry compensation surveys and utilizes survey data as a factor in determining salary, bonus and stock-based compensation levels for portfolio managers and other investment professionals. Salaries, bonuses and stock-based compensation are also influenced by the operating performance of EVM and its parent company. The overall annual cash bonus pool is generally based on a substantially fixed percentage ofpre-bonus adjusted operating income. While the salaries of EVM’s portfolio managers are comparatively fixed, cash bonuses and stock-based compensation may fluctuate significantly from year to year, based on changes in manager performance and other factors as described herein. For a high performing portfolio manager, cash bonuses and al compensation.

Item 9. Purchases of Equity Securities byClosed-End Management Investment Company and Affiliated Purchasers

No such purchases this period.

Item 10. Submission of Matters to a Vote of Security Holders

No material changes.

Item 11. 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 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 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 second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities forClosed-End Management Investment Companies

No activity to report for the registrant’s most recent fiscal year end.

Item 13. Exhibits

(a)(1)	Registrant’s Code of Ethics – Not applicable (please see Item 2).
(a)(2)(i)	Treasurer’s Section 302 certification.
(a)(2)(ii)	President’s Section 302 certification.
(b)	Combined Section 906 certification.

Signatures

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

Eaton Vance Floating-Rate Income Trust
By:	/s/ Payson F. Swaffield
	Payson F. Swaffield
	President
Date:	July 24, 2019

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/ James F. Kirchner
	James F. Kirchner
	Treasurer
Date:	July 24, 2019
By:	/s/ Payson F. Swaffield
	Payson F. Swaffield
	President
Date:	July 24, 2019