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

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-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

November 30, 2020

Date of Reporting Period

Item 1. Reports to Stockholders

Eaton Vance

Floating-Rate Income Trust (EFT)

Semiannual Report

November 30, 2020

Commodity Futures Trading Commission Registration. The Commodity Futures Trading Commission (“CFTC”) has adopted regulations 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 investment adviser has claimed an exclusion from the definition of “commodity pool operator” under the Commodity Exchange Act with respect to its management of the Fund. 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. The adviser is also registered as 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.

Semiannual Report November 30, 2020

Eaton Vance

Floating-Rate Income Trust

Table of Contents
Performance	2
Fund Profile	3
Endnotes and Additional Disclosures	4
Financial Statements	5
Board of Trustees’ Contract Approval	46
Officers and Trustees	51
Important Notices	52

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Performance^1,2

Portfolio Managers 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		Six Months			One Year			Five Years			Ten Years
Fund at NAV		06/29/2004		12.13	%		2.64	%		6.33	%		5.74	%
Fund at Market Price		—		20.46			6.43			6.66			4.44
S&P/LSTA Leveraged Loan Index		—		7.88	%		3.38	%		4.73	%		4.31	%
% Premium/Discount to NAV3
													–7.33	%
Distributions4
Total Distributions per share for the period												$	0.358
Distribution Rate at NAV													5.07	%
Distribution Rate at Market Price													5.48
% Total Leverage5
Borrowings													28.24	%
Variable Rate Term Preferred Shares (VRTP Shares)													8.89

See Endnotes and Additional Disclosures in this report.

Past performance is no guarantee of future results. Returns are historical and are calculated net of management fees and other expenses by determining the percentage change in net asset value (NAV) or market price (as applicable) with all distributions reinvested in accordance with the Fund’s Dividend Reinvestment Plan. Performance at market price will differ from performance at NAV due to variations in the Fund’s market price versus NAV, which may reflect factors such as fluctuations in supply and demand for Fund shares, changes in Fund distributions, shifting market expectations for the Fund’s future returns and distribution rates, and other considerations affecting the trading prices of closed-end funds. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance for periods 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 recent month-end, please refer to eatonvance.com.

2

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Fund Profile

Top 10 Issuers (% of total investments)⁶

TransDigm, Inc.	1.2	%
Hyland Software, Inc.	1.1
UPC Broadband Holding B.V.	0.9
Asurion, LLC	0.8
Virgin Media SFA Finance Limited	0.8
CenturyLink, Inc.	0.8
Informatica, LLC	0.8
Uber Technologies	0.8
Ziggo B.V.	0.7
MA FinanceCo., LLC	0.7
Total	8.6	%

Credit Quality (% of bonds, loans and asset-backed securities)⁷

Top 10 Sectors (% of total investments)⁶

Electronics/Electrical	16.1	%
Health Care	8.2
Business Equipment and Services	7.9
Industrial Equipment	4.6
Drugs	4.3
Chemicals and Plastics	4.2
Insurance	4.1
Leisure Goods/Activities/Movies	3.9
Telecommunications	3.9
Cable and Satellite Television	3.6
Total	60.8	%

See Endnotes and Additional Disclosures in this report.

3

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Endnotes and Additional Disclosures

¹  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.

²  Performance results reflect the effects of leverage. Included in the average annual total return at NAV for the ten-year period is the impact of the 2013 tender and repurchase of a portion of the Fund’s Auction Preferred Shares (APS) at 98% of the Fund’s APS per share liquidation preference. Had this transaction not occurred, the total return at NAV would be lower for the Fund. The Fund’s performance for certain periods reflects the effects of expense reductions. Absent these reductions, performance would have been lower.

³  The shares of the Fund often trade at a discount or premium to their net asset value. The discount or premium may vary over time and may be higher or lower than what is quoted in this report. For up-to-date premium/discount information, please refer to https://funds.eatonvance.com/closed-end-fund-prices.php.

⁴  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 and non-qualified ordinary dividends, capital gains and nondividend distributions, also known as return of capital. For additional information about nondividend distributions, please refer to Eaton Vance Closed-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 form 1099-DIV and provided to the shareholder shortly after each year-end. For information about the tax character of distributions made in prior calendar years, please refer to Performance-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.

⁵  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.

⁶  Excludes cash and cash equivalents.

⁷  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.

Fund profile subject to change due to active management.

Important Notice to Shareholders

On August 13, 2020, the Board of Trustees of the Fund amended and restated the Fund’s By-Laws (the “Amended and Restated By-Laws”). The Amended and Restated By-Laws include provisions (the “Control Share Provisions”) pursuant to which, in summary, a shareholder who obtains beneficial ownership of Fund shares in a “Control Share Acquisition” may exercise voting rights with respect to such shares only to the extent the authorization of such voting rights is approved by other shareholders of the Fund. The Control Share Provisions are primarily intended to protect the interests of the Fund and its shareholders by limiting the risk that the Fund will become subject to undue influence by opportunistic hedge funds or other activist investors. The Control Share Provisions do not eliminate voting rights for shares acquired in Control Share Acquisitions, but rather, they entrust the Fund’s other “non-interested” shareholders with determining whether to approve the authorization of voting rights for such shares. Subject to various conditions and exceptions, the Amended and Restated By-Laws define a “Control Share Acquisition” to include an acquisition of Fund shares that, but for the Control Share Provisions, would give the beneficial owner, upon the acquisition of such shares, the ability to exercise voting power in the election of Fund Trustees in any of the following ranges: (i) one-tenth or more, but less than one-fifth of all voting power; (ii) one-fifth or more, but less than one-third of all voting power; (iii) one-third or more, but less than a majority of all voting power; or (iv) a majority or more of all voting power. Share acquisitions prior to August 13, 2020 are excluded from the definition of Control Share Acquisition. This discussion is only a high-level summary of certain aspects of the Control Share Provisions, and is qualified in its entirety by reference to the full Amended and Restated By-Laws. The Amended and Restated By-Laws were filed by the Fund on Form 8-K with the Securities and Exchange Commission and are available at sec.gov.

4

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited)

Asset-Backed Securities — 6.4%
Security	Principal Amount (000’s omitted)		Value
Allegany Park CLO, Ltd.
Series 2019-1A, Class E, 6.993%, (3 mo. USD LIBOR + 6.78%), 1/20/33(1)(2)	$	850	$	847,382
Ares LII CLO, Ltd.
Series 2019-52A, Class E, 6.766%, (3 mo. USD LIBOR + 6.55%), 4/22/31(1)(2)		500		484,428
Ares XXXIIR CLO, Ltd.
Series 2014-32RA, Class D, 6.071%, (3 mo. USD LIBOR + 5.85%), 5/15/30(1)(2)		2,000		1,856,454
Ares XXXIV CLO, Ltd.
Series 2015-2A, Class ER, 7.068%, (3 mo. USD LIBOR + 6.85%), 4/17/33(1)(2)		1,300		1,278,361
Bardot CLO, Ltd.
Series 2019-2A, Class E, 7.166%, (3 mo. USD LIBOR + 6.95%), 10/22/32(1)(2)		1,000		1,001,023
Benefit Street Partners CLO XIX, Ltd.
Series 2019-19A, Class E, 7.257%, (3 mo. USD LIBOR + 7.02%), 1/15/33(1)(2)		750		751,595
Benefit Street Partners CLO XVII, Ltd.
Series 2019-17A, Class E, 6.837%, (3 mo. USD LIBOR + 6.60%), 7/15/32(1)(2)		1,000		978,878
Benefit Street Partners CLO XVIII, Ltd.
Series 2019-18A, Class E, 7.137%, (3 mo. USD LIBOR + 6.90%), 10/15/32(1)(2)		1,000		989,073
BlueMountain CLO XXV, Ltd.
Series 2019-25A, Class E, 6.937%, (3 mo. USD LIBOR + 6.70%), 7/15/32(1)(2)		1,000		992,775
BlueMountain CLO XXVI, Ltd.
Series 2019-26A, Class E, 7.918%, (3 mo. USD LIBOR + 7.70%), 10/20/32(1)(2)		1,500		1,504,882
Canyon Capital CLO, Ltd.
Series 2019-2A, Class E, 7.387%, (3 mo. USD LIBOR + 7.15%), 10/15/32(1)(2)		400		402,584
Carlyle Global Market Strategies CLO, Ltd.
Series 2012-3A, Class DR2, 6.724%, (3 mo. USD LIBOR + 6.50%), 1/14/32(1)(2)		1,200		1,010,923
Series 2015-5A, Class DR, 6.918%, (3 mo. USD LIBOR + 6.70%), 1/20/32(1)(2)		500		439,028
Cedar Funding X CLO, Ltd.
Series 2019-10A, Class E, 7.218%, (3 mo. USD LIBOR + 7.00%), 10/20/32(1)(2)		1,000		1,006,344
Dryden Senior Loan Fund
Series 2015-40A, Class ER, 5.971%, (3 mo. USD LIBOR + 5.75%), 8/15/31(1)(2)		1,000		927,894
Fort Washington CLO, Ltd.
Series 2019-1A, Class E, 7.468%, (3 mo. USD LIBOR + 7.25%), 10/20/32(1)(2)		1,000		957,511

Security	Principal Amount (000’s omitted)		Value
Galaxy XV CLO, Ltd.
Series 2013-15A, Class ER, 6.882%, (3 mo. USD LIBOR + 6.65%), 10/15/30(1)(2)	$	1,000	$	925,500
Galaxy XXI CLO, Ltd.
Series 2015-21A, Class ER, 5.468%, (3 mo. USD LIBOR + 5.25%), 4/20/31(1)(2)		1,000		884,953
Galaxy XXV CLO, Ltd.
Series 2018-25A, Class E, 6.165%, (3 mo. USD LIBOR + 5.95%), 10/25/31(1)(2)		250		230,614
Golub Capital Partners CLO 23M, Ltd.
Series 2015-23A, Class ER, 5.968%, (3 mo. USD LIBOR + 5.75%), 1/20/31(1)(2)		1,200		1,027,664
Harriman Park CLO, Ltd.
Series 2020-1A, Class E, 7.128%, (3 mo. USD LIBOR + 6.91%), 4/20/31(1)(2)		1,100		1,101,471
Kayne CLO 5, Ltd.
Series 2019-5A, Class E, 6.915%, (3 mo. USD LIBOR + 6.70%), 7/24/32(1)(2)		1,000		998,540
Kayne CLO 7, Ltd.
Series 2020-7A, Class E, 6.718%, (3 mo. USD LIBOR + 6.50%), 4/17/33(1)(2)		1,275		1,271,269
Madison Park Funding XXXVI, Ltd.
Series 2019-36A, Class E, 7.487%, (3 mo. USD LIBOR + 7.25%), 1/15/33(1)(2)		500		501,479
Madison Park Funding XXXVII, Ltd.
Series 2019-37A, Class E, 6.787%, (3 mo. USD LIBOR + 6.55%), 7/15/32(1)(2)		1,000		986,120
Neuberger Berman Loan Advisers CLO 31, Ltd.
Series 2019-31A, Class E, 6.968%, (3 mo. USD LIBOR + 6.75%), 4/20/31(1)(2)		600		605,094
Neuberger Berman Loan Advisers CLO 33, Ltd.
Series 2019-33A, Class E, 7.03%, (3 mo. USD LIBOR + 6.80%), 10/16/32(1)(2)		1,000		1,002,059
Oaktree CLO, Ltd.
Series 2019-3A, Class E, 6.988%, (3 mo. USD LIBOR + 6.77%), 7/20/31(1)(2)		1,000		916,319
Palmer Square CLO, Ltd.
Series 2013-2A, Class DRR, 6.068%, (3 mo. USD LIBOR + 5.85%), 10/17/31(1)(2)		900		840,336
Series 2019-1A, Class D, 7.221%, (3 mo. USD LIBOR + 7.00%), 11/14/32(1)(2)		1,000		1,003,131
Regatta XII Funding, Ltd.
Series 2019-1A, Class E, 7.087%, (3 mo. USD LIBOR + 6.85%), 10/15/32(1)(2)		500		501,153
Regatta XIV Funding, Ltd.
Series 2018-3A, Class E, 6.165%, (3 mo. USD LIBOR + 5.95%), 10/25/31(1)(2)		700		643,834
Regatta XVI Funding, Ltd.
Series 2019-2A, Class E, 7.237%, (3 mo. USD LIBOR + 7.00%), 1/15/33(1)(2)		750		756,746

5 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Security	Principal Amount (000’s omitted)		Value
Southwick Park CLO, LLC
Series 2019-4A, Class E, 6.918%, (3 mo. USD LIBOR + 6.70%), 7/20/32(1)(2)	$	2,000	$	1,995,602
Vibrant CLO X, Ltd.
Series 2018-10A, Class D, 6.408%, (3 mo. USD LIBOR + 6.19%), 10/20/31(1)(2)		850		716,013
Vibrant CLO XI, Ltd.
Series 2019-11A, Class D, 6.988%, (3 mo. USD LIBOR + 6.77%), 7/20/32(1)(2)		1,000		911,149
Voya CLO, Ltd.
Series 2013-1A, Class DR, 6.717%, (3 mo. USD LIBOR + 6.48%), 10/15/30(1)(2)		2,000		1,723,544
Wellfleet CLO, Ltd.
Series 2020-1A, Class D, 7.477%, (3 mo. USD LIBOR + 7.24%), 4/15/33(1)(2)		1,300		1,270,567
Total Asset-Backed Securities (identified cost $37,403,488)			$	36,242,292
Closed-End Funds — 1.7%
Security	Shares		Value
BlackRock Floating Rate Income Strategies Fund, Inc.		111,292	$	1,341,069
Invesco Senior Income Trust		402,161		1,596,579
Nuveen Credit Strategies Income Fund		406,731		2,558,338
Nuveen Floating Rate Income Fund		164,907		1,414,902
Nuveen Floating Rate Income Opportunity Fund		115,017		970,743
Voya Prime Rate Trust		441,753		1,974,636
Total Closed-End Funds (identified cost $12,900,108)			$	9,856,267
Common Stocks — 2.1%
Security	Shares		Value
Aerospace and Defense — 0.2%
IAP Global Services, LLC(3)(4)(5)		58	$	865,178
			$	865,178
Automotive — 0.0%(6)
Dayco Products, LLC(4)(5)		20,780	$	155,850
			$	155,850
Business Equipment and Services — 0.0%(6)
Crossmark Holdings, Inc.(4)(5)		3,740	$	215,050
			$	215,050

Security	Shares		Value
Chemicals and Plastics — 0.1%
Hexion Holdings Corp., Class B(4)(5)		40,989	$	506,829
			$	506,829
Containers and Glass Products — 0.0%(6)
LG Newco Holdco, Inc.(4)(5)		26,953	$	40,430
			$	40,430
Electronics / Electrical — 0.5%
Answers Corp.(3)(4)(5)		96,908	$	56,207
Software Luxembourg Holding S.A.(4)(5)		13,976		2,795,200
			$	2,851,407
Health Care — 0.2%
Akorn Holding Company, LLC, Class A(4)(5)		73,582	$	974,961
			$	974,961
Nonferrous Metals / Minerals — 0.0%(6)
ACNR Holdings, Inc., Class A(4)(5)		3,482	$	26,115
			$	26,115
Oil and Gas — 0.2%
AFG Holdings, Inc.(3)(4)(5)		30,640	$	572,049
Fieldwood Energy, Inc.(4)(5)		19,189		1,919
McDermott International, Ltd.(4)(5)		162,147		179,983
Nine Point Energy Holdings, Inc.(3)(5)(7)		758		0
RDV Resources, Inc., Class A(3)(4)(5)		30,849		0
Samson Resources II, LLC, Class A(3)(4)		46,484		302,146
Sunrise Oil & Gas, Inc., Class A(4)(5)		13,157		92,099
			$	1,148,196
Publishing — 0.5%
ION Media Networks, Inc.(3)(4)(5)		4,429	$	2,924,336
Tweddle Group, Inc.(3)(4)(5)		1,944		3,966
			$	2,928,302
Radio and Television — 0.2%
Clear Channel Outdoor Holdings, Inc.(4)(5)		86,335	$	130,366
Cumulus Media, Inc., Class A(4)(5)		42,499		372,716
iHeartMedia, Inc., Class A(4)(5)		36,714		438,916
			$	941,998
Retailers (Except Food and Drug) — 0.0%(6)
David’s Bridal, LLC(3)(4)(5)		23,371	$	163,597
			$	163,597

6 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Security	Shares		Value
Utilities — 0.2%
Longview Intermediate Holdings, LLC, Class A(3)(4)(5)		101,172	$	817,469
			$	817,469
Total Common Stocks (identified cost $11,340,974)			$	11,635,382
Convertible Preferred Stocks — 0.0%
Security	Shares		Value
Oil and Gas — 0.0%
Nine Point Energy Holdings, Inc., Series A, 12.00%(3)(5)(7)		14	$	0
Total Convertible Preferred Stocks (identified cost $14,000)			$	0
Corporate Bonds & Notes — 4.8%
Security	Principal Amount (000’s omitted)		Value
Aerospace and Defense — 0.1%
TransDigm, Inc.
6.50%, 7/15/24	$	520	$	528,775
7.50%, 3/15/27		282		302,217
			$	830,992
Automotive — 0.1%
Ford Motor Co.
9.00%, 4/22/25	$	150	$	182,477
4.75%, 1/15/43		250		246,356
Navistar International Corp.
6.625%, 11/1/25(1)		322		337,440
			$	766,273
Building and Development — 0.2%
Builders FirstSource, Inc.
5.00%, 3/1/30(1)	$	123	$	132,686
Hillman Group, Inc. (The)
6.375%, 7/15/22(1)		37		36,851
Standard Industries, Inc.
5.00%, 2/15/27(1)		677		711,273
TRI Pointe Group, Inc./TRI Pointe Homes, Inc.
5.875%, 6/15/24		8		8,755
			$	889,565

Security	Principal Amount (000’s omitted)		Value
Business Equipment and Services — 0.6%
EIG Investors Corp.
10.875%, 2/1/24	$	958	$	999,793
GEMS MENASA Cayman, Ltd./GEMS Education Delaware, LLC
7.125%, 7/31/26(1)		258		262,193
Prime Security Services Borrower, LLC/Prime Finance, Inc.
5.25%, 4/15/24(1)		750		795,938
5.75%, 4/15/26(1)		750		814,687
ServiceMaster Co., LLC (The)
7.45%, 8/15/27		427		487,766
			$	3,360,377
Cable and Satellite Television — 0.3%
Altice France S.A.
8.125%, 2/1/27(1)	$	677	$	746,321
CCO Holdings, LLC/CCO Holdings Capital Corp.
5.75%, 2/15/26(1)		32		33,212
4.25%, 2/1/31(1)		229		237,851
CSC Holdings, LLC
5.875%, 9/15/22		15		15,984
5.25%, 6/1/24		10		10,844
5.75%, 1/15/30(1)		550		594,135
4.125%, 12/1/30(1)		200		207,160
DISH DBS Corp.
6.75%, 6/1/21		14		14,319
5.875%, 11/15/24		5		5,325
TEGNA, Inc.
5.00%, 9/15/29		56		58,957
			$	1,924,108
Conglomerates — 0.0%(6)
Spectrum Brands, Inc.
5.75%, 7/15/25	$	75	$	77,545
5.00%, 10/1/29(1)		21		22,733
			$	100,278
Containers and Glass Products — 0.0%(6)
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
4.125%, 8/15/26(1)	$	200	$	207,750
			$	207,750

7 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Security	Principal Amount (000’s omitted)		Value
Distribution & Wholesale — 0.0%(6)
Performance Food Group, Inc.
5.50%, 10/15/27(1)	$	68	$	72,459
			$	72,459
Drugs — 0.2%
AdaptHealth, LLC
6.125%, 8/1/28(1)	$	125	$	135,000
Bausch Health Americas, Inc.
8.50%, 1/31/27(1)		146		160,807
Bausch Health Companies, Inc.
7.00%, 1/15/28(1)		752		811,077
			$	1,106,884
Ecological Services and Equipment — 0.1%
GFL Environmental, Inc.
8.50%, 5/1/27(1)	$	575	$	636,453
			$	636,453
Electronics / Electrical — 0.0%(6)
Sensata Technologies, Inc.
4.375%, 2/15/30(1)	$	45	$	48,234
			$	48,234
Financial Intermediaries — 0.2%
Ford Motor Credit Co., LLC
5.125%, 6/16/25	$	500	$	540,475
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp.
6.25%, 2/1/22		18		18,142
6.25%, 5/15/26		677		709,008
JPMorgan Chase & Co.
Series S, 6.75% to 2/1/24 (8)(9)		80		89,374
			$	1,356,999
Food Products — 0.2%
Del Monte Foods, Inc.
11.875%, 5/15/25(1)	$	1,075	$	1,176,453
JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc.
5.50%, 1/15/30(1)		156		175,555
			$	1,352,008

Security	Principal Amount (000’s omitted)		Value
Food / Drug Retailers — 0.2%
Fresh Market, Inc. (The)
9.75%, 5/1/23(1)	$	1,300	$	1,276,437
			$	1,276,437
Health Care — 0.2%
Centene Corp.
3.375%, 2/15/30	$	114	$	119,664
HCA, Inc.
5.875%, 2/15/26		18		20,745
MPH Acquisition Holdings, LLC
5.75%, 11/1/28(1)		286		280,637
Syneos Health, Inc.
3.625%, 1/15/29(1)		172		173,613
Tenet Healthcare Corp.
6.75%, 6/15/23		244		262,666
			$	857,325
Insurance — 0.2%
AssuredPartners, Inc.
7.00%, 8/15/25(1)	$	958	$	992,119
			$	992,119
Internet Software & Services — 0.1%
Netflix, Inc.
5.375%, 11/15/29(1)	$	240	$	286,872
Riverbed Technology, Inc.
8.875%, 3/1/23(1)		27		18,900
			$	305,772
Leisure Goods / Activities / Movies — 0.2%
Viking Cruises, Ltd.
6.25%, 5/15/25(1)	$	45	$	43,364
5.875%, 9/15/27(1)		858		814,564
			$	857,928
Lodging and Casinos — 0.4%
Caesars Resort Collection, LLC/CRC Finco, Inc.
5.25%, 10/15/25(1)	$	677	$	677,890
ESH Hospitality, Inc.
5.25%, 5/1/25(1)		22		22,583
MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc.
5.625%, 5/1/24		15		16,116

8 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Security	Principal Amount (000’s omitted)		Value
Lodging and Casinos (continued)
MGM Resorts International
7.75%, 3/15/22	$	18	$	19,252
Stars Group Holdings B.V./Stars Group US Co-Borrower, LLC
7.00%, 7/15/26(1)		958		1,014,881
Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp.
5.25%, 5/15/27(1)		273		276,242
			$	2,026,964
Metals / Mining — 0.2%
Cleveland-Cliffs, Inc.
6.75%, 3/15/26(1)	$	1,006	$	1,086,480
			$	1,086,480
Nonferrous Metals / Minerals — 0.0%(6)
New Gold, Inc.
6.375%, 5/15/25(1)	$	49	$	51,184
			$	51,184
Oil and Gas — 0.4%
Centennial Resource Production, LLC
6.875%, 4/1/27(1)	$	958	$	529,683
Energy Transfer Operating, L.P.
5.875%, 1/15/24		35		38,874
Neptune Energy Bondco PLC
6.625%, 5/15/25(1)		1,065		1,014,413
Newfield Exploration Co.
5.625%, 7/1/24		92		97,764
Occidental Petroleum Corp.
6.625%, 9/1/30		229		239,520
Seven Generations Energy, Ltd.
6.75%, 5/1/23(1)		30		30,169
6.875%, 6/30/23(1)		15		15,130
Tervita Corp.
11.00%, 12/1/25(1)		229		238,208
			$	2,203,761
Packaging & Containers — 0.1%
ARD Finance S.A.
6.50%, (6.50% cash or 7.25% PIK), 6/30/27(1)(10)	$	333	$	351,315
			$	351,315

Security	Principal Amount (000’s omitted)		Value
Radio and Television — 0.2%
Diamond Sports Group, LLC/Diamond Sports Finance Co.
5.375%, 8/15/26(1)	$	115	$	89,341
iHeartCommunications, Inc.
6.375%, 5/1/26		208		220,219
8.375%, 5/1/27		376		400,537
Nielsen Co. Luxembourg S.a.r.l. (The)
5.50%, 10/1/21(1)		8		7,982
Sirius XM Radio, Inc.
4.125%, 7/1/30(1)		91		95,459
Terrier Media Buyer, Inc.
8.875%, 12/15/27(1)		313		338,627
			$	1,152,165
Real Estate Investment Trusts (REITs) — 0.1%
Service Properties Trust
3.95%, 1/15/28	$	458	$	413,059
			$	413,059
Steel — 0.2%
Allegheny Technologies, Inc.
7.875%, 8/15/23	$	1,065	$	1,155,637
			$	1,155,637
Surface Transport — 0.0%(6)
XPO Logistics, Inc.
6.50%, 6/15/22(1)	$	56	$	56,158
			$	56,158
Telecommunications — 0.3%
CenturyLink, Inc.
6.75%, 12/1/23	$	40	$	44,437
Connect Finco S.a.r.l./Connect US Finco, LLC
6.75%, 10/1/26(1)		250		259,462
Digicel International Finance, Ltd./Digicel Holdings Bermuda, Ltd.
8.75%, 5/25/24(1)		600		612,750
Level 3 Financing, Inc.
5.375%, 1/15/24		25		25,266
Sprint Communications, Inc.
6.00%, 11/15/22		3		3,233
Sprint Corp.
7.25%, 9/15/21		230		239,775
7.625%, 2/15/25		250		299,844

9 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Security	Principal Amount (000’s omitted)		Value
Telecommunications (continued)
T-Mobile USA, Inc.
6.50%, 1/15/26	$	110	$	114,449
			$	1,599,216
Utilities — 0.0%(6)
Vistra Operations Co., LLC
5.00%, 7/31/27(1)	$	201	$	212,778
4.30%, 7/15/29(1)		32		35,849
			$	248,627
Total Corporate Bonds & Notes (identified cost $26,855,784)			$	27,286,527
Preferred Stocks — 0.1%
Security	Shares		Value
Containers and Glass Products — 0.0%(6)
LG Newco Holdco, Inc.(4)(5)		4,079	$	209,028
			$	209,028
Financial Services — 0.0%(6)
DBI Investors, Inc., Series A-1(3)(4)(5)		1,113	$	89,407
			$	89,407
Nonferrous Metals / Minerals — 0.0%(6)
ACNR Holdings, Inc., 15.00% (PIK)(4)(5)		1,645	$	53,463
			$	53,463
Retailers (Except Food and Drug) — 0.1%
David’s Bridal, LLC, Series A, 8.00% (PIK)(3)(4)(5)		655	$	52,400
David’s Bridal, LLC, Series B, 10.00% (PIK)(3)(4)(5)		2,667		215,920
			$	268,320
Total Preferred Stocks (identified cost $430,046)			$	620,218

Senior Floating-Rate Loans — 146.4%(11)
Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Aerospace and Defense — 3.3%
Aernnova Aerospace S.A.U.
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing February 22, 2027	EUR		107	$	117,421
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing February 26, 2027	EUR		418		457,943
AI Convoy (Luxembourg) S.a.r.l.
Term Loan, 3.75%, (6 mo. EURIBOR + 3.75%), Maturing January 17, 2027	EUR		450		536,671
Term Loan, 4.50%, (USD LIBOR + 3.50%, Floor 1.00%), Maturing January 17, 2027(12)			746		745,317
Dynasty Acquisition Co., Inc.
Term Loan, 3.72%, (3 mo. USD LIBOR + 3.50%), Maturing April 6, 2026			1,060		990,292
Term Loan, 3.72%, (3 mo. USD LIBOR + 3.50%), Maturing April 6, 2026			1,971		1,841,295
IAP Worldwide Services, Inc.
Revolving Loan, 1.38%, (3 mo. USD LIBOR + 5.50%, Floor 1.50%), Maturing July 19, 2021(13)			325		321,082
Term Loan - Second Lien, 8.00%, (3 mo. USD LIBOR + 6.50%, Floor 1.50%), Maturing July 18, 2021(3)			422		335,059
Spirit Aerosystems, Inc.
Term Loan, 6.00%, (1 mo. USD LIBOR + 5.25%, Floor 0.75%), Maturing January 30, 2025			450		455,344
TransDigm, Inc.
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing August 22, 2024			2,805		2,727,714
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing December 9, 2025			7,738		7,517,700
WP CPP Holdings, LLC
Term Loan, 4.75%, (USD LIBOR + 3.75%, Floor 1.00%), Maturing April 30, 2025(12)			2,801		2,632,596
				$	18,678,434
Air Transport — 1.5%
Delta Air Lines, Inc.
Term Loan, 5.75%, (3 mo. USD LIBOR + 4.75%, Floor 1.00%), Maturing April 29, 2023			2,120	$	2,143,534
JetBlue Airways Corporation
Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), Maturing June 17, 2024			3,219		3,280,280
Mileage Plus Holdings, LLC
Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), Maturing June 25, 2027			800		826,760

10 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Air Transport (continued)
SkyMiles IP, Ltd.
Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing October 20, 2027			2,200	$	2,254,314
				$	8,504,888
Automotive — 4.2%
Adient US, LLC
Term Loan, 4.41%, (USD LIBOR + 4.25%), Maturing May 6, 2024(12)			1,506	$	1,505,130
American Axle and Manufacturing, Inc.
Term Loan, 3.00%, (1 mo. USD LIBOR + 2.25%, Floor 0.75%), Maturing April 6, 2024			3,344		3,288,069
Autokiniton US Holdings, Inc.
Term Loan, 6.52%, (1 mo. USD LIBOR + 6.38%), Maturing May 22, 2025			855		851,036
Bright Bidco B.V.
Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing June 30, 2024			1,646		918,618
Chassix, Inc.
Term Loan, 6.50%, (USD LIBOR + 5.50%, Floor 1.00%), Maturing November 15, 2023(12)			1,459		1,378,519
Clarios Global L.P.
Term Loan, 3.65%, (1 mo. USD LIBOR + 3.50%), Maturing April 30, 2026			3,694		3,661,819
Dayco Products, LLC
Term Loan, 4.48%, (3 mo. USD LIBOR + 4.25%), Maturing May 19, 2023			1,086		749,986
Garrett LX III S.a.r.l.
Term Loan, 3.75%, (1 mo. EURIBOR + 3.75%), Maturing September 27, 2025	EUR		389		451,104
Term Loan, 5.75%, (USD Prime + 2.50%), Maturing September 27, 2025			270		263,996
Garrett Motion, Inc.
DIP Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing March 15, 2021			154		154,966
IAA, Inc.
Term Loan, 2.44%, (1 mo. USD LIBOR + 2.25%), Maturing June 28, 2026			605		599,396
Les Schwab Tire Centers
Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), Maturing November 2, 2027			2,850		2,828,625
Tenneco, Inc.
Term Loan, 3.15%, (1 mo. USD LIBOR + 3.00%), Maturing October 1, 2025			3,758		3,642,972
Thor Industries, Inc.
Term Loan, 3.94%, (1 mo. USD LIBOR + 3.75%), Maturing February 1, 2026			1,101		1,098,075

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Automotive (continued)
TI Group Automotive Systems, LLC
Term Loan, 4.50%, (3 mo. EURIBOR + 3.75%, Floor 0.75%), Maturing December 16, 2024	EUR		857	$	1,032,797
Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), Maturing December 16, 2024			1,151		1,147,980
				$	23,573,088
Beverage and Tobacco — 0.2%
Arterra Wines Canada, Inc.
Term Loan, Maturing November 18, 2027(14)			1,100	$	1,101,787
				$	1,101,787
Brokerage / Securities Dealers / Investment Houses — 0.6%
Advisor Group, Inc.
Term Loan, 5.15%, (1 mo. USD LIBOR + 5.00%), Maturing July 31, 2026			3,456	$	3,341,870
				$	3,341,870
Building and Development — 5.4%
ACProducts, Inc.
Term Loan, 7.50%, (6 mo. USD LIBOR + 6.50%, Floor 1.00%), Maturing August 18, 2025			444	$	455,207
Advanced Drainage Systems, Inc.
Term Loan, 2.44%, (1 mo. USD LIBOR + 2.25%), Maturing July 31, 2026			272		271,330
American Builders & Contractors Supply Co., Inc.
Term Loan, 2.15%, (1 mo. USD LIBOR + 2.00%), Maturing January 15, 2027			2,500		2,457,762
American Residential Services, LLC
Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), Maturing October 15, 2027			625		621,484
APi Group DE, Inc.
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing October 1, 2026			1,538		1,516,501
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing October 1, 2026			325		319,719
Beacon Roofing Supply, Inc.
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing January 2, 2025			609		597,283
Brookfield Property REIT, Inc.
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing August 27, 2025			1,004		930,418
Core & Main L.P.
Term Loan, 3.75%, (3 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing August 1, 2024			1,170		1,157,844

11 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Building and Development (continued)
Cornerstone Building Brands, Inc.
Term Loan, 3.88%, (1 mo. USD LIBOR + 3.75%), Maturing April 12, 2025			808	$	804,416
CP Atlas Buyer, Inc.
Term Loan, 5.25%, (3 mo. USD LIBOR + 4.50%, Floor 0.75%), Maturing November 23, 2027			319		318,830
Term Loan, 5.25%, (3 mo. USD LIBOR + 4.50%, Floor 0.75%), Maturing November 23, 2027			956		956,489
CPG International, Inc.
Term Loan, 4.75%, (12 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing May 5, 2024			1,146		1,146,857
Cushman & Wakefield U.S. Borrower, LLC
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing August 21, 2025			5,846		5,681,821
LSF11 Skyscraper Holdco S.a.r.l.
Term Loan, 4.50%, (1 mo. EURIBOR + 4.50%), Maturing September 29, 2027	EUR		575		682,460
Term Loan, 4.50%, (1 mo. EURIBOR + 4.50%), Maturing September 29, 2027	EUR		1,075		1,287,581
Term Loan, 5.67%, (1 mo. USD LIBOR + 5.50%), Maturing September 29, 2027			699		701,224
Quikrete Holdings, Inc.
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing February 1, 2027			2,222		2,193,593
RE/MAX International, Inc.
Term Loan, 3.50%, (3 mo. USD LIBOR + 2.75%, Floor 0.75%), Maturing December 15, 2023			2,038		2,037,534
Realogy Group, LLC
Term Loan, 3.00%, (1 mo. USD LIBOR + 2.25%, Floor 0.75%), Maturing February 8, 2025			888		865,956
Werner FinCo L.P.
Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing July 24, 2024			1,116		1,116,229
White Cap Buyer, LLC
Term Loan, 4.50%, (6 mo. USD LIBOR + 4.00%, Floor 0.50%), Maturing October 19, 2027			2,375		2,358,035
WireCo WorldGroup, Inc.
Term Loan, 6.00%, (6 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing September 30, 2023			940		860,111
Term Loan - Second Lien, 10.00%, (6 mo. USD LIBOR + 9.00%, Floor 1.00%), Maturing September 30, 2024			1,300		1,059,500
				$	30,398,184
Business Equipment and Services — 12.3%
Adevinta ASA
Term Loan, Maturing October 23, 2027(14)			325	$	325,000
Term Loan, Maturing October 23, 2027(14)	EUR		1,250		1,497,187

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Business Equipment and Services (continued)
Adtalem Global Education, Inc.
Term Loan, 3.15%, (1 mo. USD LIBOR + 3.00%), Maturing April 11, 2025			415	$	411,802
Airbnb, Inc.
Term Loan, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), Maturing April 17, 2025			848		919,944
AlixPartners, LLP
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing April 4, 2024			2,318		2,276,823
Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), Maturing April 4, 2024	EUR		788		940,162
Allied Universal Holdco, LLC
Term Loan, 4.40%, (1 mo. USD LIBOR + 4.25%), Maturing July 10, 2026			3,577		3,559,121
Amentum Government Services Holdings, LLC
Term Loan, 3.65%, (1 mo. USD LIBOR + 3.50%), Maturing February 1, 2027			1,022		1,007,101
AppLovin Corporation
Term Loan, 3.65%, (1 mo. USD LIBOR + 3.50%), Maturing August 15, 2025			3,836		3,822,347
Term Loan, 4.15%, (1 mo. USD LIBOR + 4.00%), Maturing August 15, 2025			697		694,904
Asplundh Tree Expert, LLC
Term Loan, 2.64%, (1 mo. USD LIBOR + 2.50%), Maturing September 7, 2027			1,250		1,252,790
Belfor Holdings, Inc.
Term Loan, 4.15%, (1 mo. USD LIBOR + 4.00%), Maturing April 6, 2026			568		569,232
BidFair MergeRight, Inc.
Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), Maturing January 15, 2027			668		667,770
Bracket Intermediate Holding Corp.
Term Loan, 4.48%, (3 mo. USD LIBOR + 4.25%), Maturing September 5, 2025			931		921,690
Brand Energy & Infrastructure Services, Inc.
Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), Maturing June 21, 2024			1,676		1,616,585
Camelot U.S. Acquisition 1 Co.
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing October 30, 2026			1,225		1,222,320
Cardtronics USA, Inc.
Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing June 29, 2027			599		600,295
CCC Information Services, Inc.
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing April 29, 2024			3,126		3,114,510

12 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Business Equipment and Services (continued)
Ceridian HCM Holding, Inc.
Term Loan, 2.60%, (1 week USD LIBOR + 2.50%), Maturing April 30, 2025			1,047	$	1,027,661
CM Acquisition Co.
Term Loan, 11.00%, (3 mo. USD LIBOR + 10.00%, Floor 1.00%), Maturing July 26, 2023			200		185,417
Deerfield Dakota Holding, LLC
Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing April 9, 2027			2,219		2,216,663
EAB Global, Inc.
Term Loan, 4.75%, (USD LIBOR + 3.75%, Floor 1.00%), Maturing November 15, 2024(12)			1,365		1,345,662
EIG Investors Corp.
Term Loan, 4.75%, (USD LIBOR + 3.75%, Floor 1.00%), Maturing February 9, 2023(12)			4,042		4,043,729
Garda World Security Corporation
Term Loan, 4.91%, (1 mo. USD LIBOR + 4.75%), Maturing October 30, 2026			1,426		1,425,066
Greeneden U.S. Holdings II, LLC
Term Loan, Maturing October 8, 2027(14)			925		922,919
IG Investment Holdings, LLC
Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing May 23, 2025			2,595		2,569,988
Illuminate Buyer, LLC
Term Loan, 4.15%, (1 mo. USD LIBOR + 4.00%), Maturing June 16, 2027			850		849,292
IRI Holdings, Inc.
Term Loan, 4.40%, (1 mo. USD LIBOR + 4.25%), Maturing December 1, 2025			2,211		2,184,834
Iron Mountain, Inc.
Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing January 2, 2026			902		886,092
KAR Auction Services, Inc.
Term Loan, 2.44%, (1 mo. USD LIBOR + 2.25%), Maturing September 19, 2026			668		654,467
KUEHG Corp.
Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing February 21, 2025			2,719		2,599,770
Term Loan - Second Lien, 9.25%, (3 mo. USD LIBOR + 8.25%, Floor 1.00%), Maturing August 22, 2025			425		395,250
LGC Group Holdings, Ltd.
Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), Maturing April 21, 2027	EUR		500		589,343
Loire Finco Luxembourg S.a.r.l.
Term Loan, 3.65%, (1 mo. USD LIBOR + 3.50%), Maturing April 21, 2027			374		365,646

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Business Equipment and Services (continued)
Monitronics International, Inc.
Term Loan, 7.75%, (1 mo. USD LIBOR + 6.50%, Floor 1.25%), Maturing March 29, 2024			1,591	$	1,415,985
Northstar Group Services, Inc.
Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), Maturing November 9, 2026			1,400		1,375,500
PGX Holdings, Inc.
Term Loan, 10.50%, (12 mo. USD LIBOR + 9.50%, Floor 1.00%), 6.25% cash, 4.25 PIK, Maturing September 29, 2023			1,148		1,079,096
Pre-Paid Legal Services, Inc.
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing May 1, 2025			412		402,360
Prime Security Services Borrower, LLC
Term Loan, 4.25%, (USD LIBOR + 3.25%, Floor 1.00%), Maturing September 23, 2026(12)			2,386		2,376,896
Red Ventures, LLC
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing November 8, 2024			1,486		1,442,579
Rockwood Service Corporation
Term Loan, 4.40%, (1 mo. USD LIBOR + 4.25%), Maturing January 23, 2027			498		496,567
Sabre GLBL, Inc.
Term Loan, 2.15%, (1 mo. USD LIBOR + 2.00%), Maturing February 22, 2024			1,021		976,078
SMG US Midco 2, Inc.
Term Loan, 2.69%, (USD LIBOR + 2.50%), Maturing January 23, 2025(12)			244		224,280
Speedster Bidco GmbH
Term Loan, 3.25%, (6 mo. EURIBOR + 3.25%), Maturing March 31, 2027	EUR		2,325		2,749,607
Spin Holdco, Inc.
Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing November 14, 2022			3,749		3,704,891
Techem Verwaltungsgesellschaft 675 mbH
Term Loan, 2.63%, (6 mo. EURIBOR + 2.63%), Maturing July 15, 2025	EUR		801		948,541
Tempo Acquisition, LLC
Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), Maturing November 2, 2026			1,665		1,640,451
Vestcom Parent Holdings, Inc.
Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing December 19, 2023			553		542,482
WASH Multifamily Laundry Systems, LLC
Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing May 14, 2022			262		259,752

13 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Business Equipment and Services (continued)
West Corporation
Term Loan, 4.50%, (USD LIBOR + 3.50%, Floor 1.00%), Maturing October 10, 2024(12)			342	$	324,805
Term Loan, 5.00%, (USD LIBOR + 4.00%, Floor 1.00%), Maturing October 10, 2024(12)			1,143		1,090,246
Zephyr Bidco Limited
Term Loan, 4.29%, (1 mo. GBP LIBOR + 4.25%), Maturing July 23, 2025	GBP		775		1,019,243
				$	69,750,741
Cable and Satellite Television — 5.6%
Altice France S.A.
Term Loan, 3.83%, (1 mo. USD LIBOR + 3.69%), Maturing January 31, 2026			782	$	772,873
Term Loan, 4.24%, (3 mo. USD LIBOR + 4.00%), Maturing August 14, 2026			1,236		1,226,810
CSC Holdings, LLC
Term Loan, 2.39%, (1 mo. USD LIBOR + 2.25%), Maturing July 17, 2025			3,686		3,602,002
Term Loan, 2.64%, (1 mo. USD LIBOR + 2.50%), Maturing April 15, 2027			1,348		1,322,080
Numericable Group S.A.
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing July 31, 2025			1,954		1,903,644
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing July 31, 2025	EUR		483		568,850
Telenet Financing USD, LLC
Term Loan, 2.14%, (1 mo. USD LIBOR + 2.00%), Maturing April 30, 2028			4,075		4,004,005
UPC Broadband Holding B.V.
Term Loan, 2.39%, (1 mo. USD LIBOR + 2.25%), Maturing April 30, 2028			900		880,875
Term Loan, 2.50%, (6 mo. EURIBOR + 2.50%), Maturing April 30, 2029	EUR		775		920,125
Term Loan, 3.50%, (2 mo. EURIBOR + 3.50%), Maturing January 31, 2029	EUR		888		1,065,139
Term Loan, 3.50%, (2 mo. EURIBOR + 3.50%), Maturing January 31, 2029	EUR		888		1,065,139
Term Loan, 3.67%, (2 mo. USD LIBOR + 3.50%), Maturing January 31, 2029			2,050		2,034,412
Term Loan, 3.67%, (2 mo. USD LIBOR + 3.50%), Maturing January 31, 2029			2,050		2,034,412
Virgin Media Bristol, LLC
Term Loan, 2.64%, (1 mo. USD LIBOR + 2.50%), Maturing January 31, 2028			4,625		4,543,198
Term Loan, Maturing January 31, 2029(14)			1,275		1,267,669

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Cable and Satellite Television (continued)
Virgin Media SFA Finance Limited
Term Loan, 2.50%, (6 mo. EURIBOR + 2.50%), Maturing January 31, 2029	EUR		1,325	$	1,577,366
Ziggo B.V.
Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), Maturing January 31, 2029	EUR		2,425		2,893,794
				$	31,682,393
Chemicals and Plastics — 6.8%
Alpha 3 B.V.
Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing January 31, 2024			1,318	$	1,310,606
Aruba Investments, Inc.
Term Loan, Maturing October 28, 2027(14)	EUR		525		627,029
Term Loan, Maturing October 28, 2027(14)			800		798,000
Axalta Coating Systems US Holdings, Inc.
Term Loan, 1.97%, (3 mo. USD LIBOR + 1.75%), Maturing June 1, 2024			2,310		2,273,153
Charter NEX US, Inc.
Term Loan, Maturing November 24, 2027(14)			500		500,729
Chemours Company (The)
Term Loan, 2.50%, (3 mo. EURIBOR + 2.00%, Floor 0.50%), Maturing April 3, 2025	EUR		631		742,138
Emerald Performance Materials, LLC
Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing August 12, 2025			395		395,109
Ferro Corporation
Term Loan, 2.47%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024			350		345,403
Term Loan, 2.47%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024			357		352,912
Term Loan, 2.47%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024			434		429,103
Flint Group GmbH
Term Loan, 6.00%, (USD LIBOR + 5.00%, Floor 1.00%), 5.25% cash, 0.75% PIK, Maturing September 21, 2023(12)			157		144,901
Flint Group US, LLC
Term Loan, 6.00%, (USD LIBOR + 5.00%, Floor 1.00%), 5.25% cash, 0.75% PIK, Maturing September 21, 2023(12)			949		876,532
Gemini HDPE, LLC
Term Loan, 2.72%, (3 mo. USD LIBOR + 2.50%), Maturing August 7, 2024			2,142		2,109,900
H.B. Fuller Company
Term Loan, 2.15%, (1 mo. USD LIBOR + 2.00%), Maturing October 20, 2024			1,177		1,163,207

14 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Chemicals and Plastics (continued)
Hexion, Inc.
Term Loan, 3.73%, (3 mo. USD LIBOR + 3.50%), Maturing July 1, 2026			765	$	761,486
Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), Maturing July 1, 2026	EUR		1,600		1,908,561
INEOS Enterprises Holdings II Limited
Term Loan, 4.25%, (3 mo. EURIBOR + 3.25%, Floor 1.00%), Maturing August 28, 2026	EUR		200		237,825
INEOS Enterprises Holdings US Finco, LLC
Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing August 28, 2026			224		222,661
INEOS Finance PLC
Term Loan, 2.50%, (1 mo. EURIBOR + 2.00%, Floor 0.50%), Maturing April 1, 2024	EUR		3,185		3,749,290
Messer Industries GmbH
Term Loan, 2.72%, (3 mo. USD LIBOR + 2.50%), Maturing March 1, 2026			1,527		1,507,530
Minerals Technologies, Inc.
Term Loan, 3.00%, (USD LIBOR + 2.25%, Floor 0.75%), Maturing February 14, 2024(12)			886		885,641
Momentive Performance Materials, Inc.
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing May 15, 2024			469		455,577
Orion Engineered Carbons GmbH
Term Loan, 2.22%, (3 mo. USD LIBOR + 2.00%), Maturing July 25, 2024			1,128		1,115,082
Term Loan, 2.25%, (3 mo. EURIBOR + 2.25%), Maturing July 25, 2024	EUR		808		962,673
PMHC II, Inc.
Term Loan, 4.50%, (12 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing March 31, 2025			1,677		1,573,399
PQ Corporation
Term Loan, 2.46%, (3 mo. USD LIBOR + 2.25%), Maturing February 7, 2027			2,349		2,303,102
Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing February 7, 2027			2,020		2,019,938
Pregis TopCo Corporation
Term Loan, 3.90%, (1 mo. USD LIBOR + 3.75%), Maturing July 31, 2026			670		662,261
Rohm Holding GmbH
Term Loan, 5.32%, (6 mo. USD LIBOR + 5.00%), Maturing July 31, 2026			397		385,579
Starfruit Finco B.V.
Term Loan, 3.14%, (1 mo. USD LIBOR + 3.00%), Maturing October 1, 2025			1,494		1,469,659
Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), Maturing October 1, 2025	EUR		448		533,430

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Chemicals and Plastics (continued)
Tronox Finance, LLC
Term Loan, 3.18%, (USD LIBOR + 3.00%), Maturing September 23, 2024(12)			3,120	$	3,086,750
Univar, Inc.
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing July 1, 2024			1,953		1,933,998
Venator Materials Corporation
Term Loan, 3.15%, (1 mo. USD LIBOR + 3.00%), Maturing August 8, 2024			412		400,398
				$	38,243,562
Conglomerates — 0.0%(6)
Penn Engineering & Manufacturing Corp.
Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing June 27, 2024			199	$	198,964
				$	198,964
Containers and Glass Products — 3.1%
Berry Global, Inc.
Term Loan, 2.13%, (1 mo. USD LIBOR + 2.00%), Maturing July 1, 2026			1,012	$	996,182
BWAY Holding Company
Term Loan, 3.48%, (3 mo. USD LIBOR + 3.25%), Maturing April 3, 2024			2,502		2,389,454
Flex Acquisition Company, Inc.
Term Loan, 4.00%, (USD LIBOR + 3.00%, Floor 1.00%), Maturing December 29, 2023(12)			3,479		3,438,935
Term Loan, 3.23%, (3 mo. USD LIBOR + 3.00%), Maturing June 29, 2025			1,515		1,481,400
Libbey Glass, Inc.
Term Loan, 9.00%, (6 mo. USD LIBOR + 8.00%, Floor 1.00%), Maturing November 12, 2025			799		767,052
Reynolds Consumer Products, Inc.
Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing February 4, 2027			1,371		1,356,718
Reynolds Group Holdings, Inc.
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2023			2,146		2,122,941
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing February 5, 2026			1,550		1,526,943
Ring Container Technologies Group, LLC
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing October 31, 2024			899		881,264
Trident TPI Holdings, Inc.
Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), Maturing October 17, 2024	EUR		1,337		1,571,139

15 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Containers and Glass Products (continued)
Trident TPI Holdings, Inc. (continued)
Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing October 17, 2024			755	$	743,227
				$	17,275,255
Cosmetics / Toiletries — 0.7%
Kronos Acquisition Holdings, Inc.
Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing May 15, 2023			3,813	$	3,811,338
				$	3,811,338
Drugs — 6.8%
Aenova Holding GmbH
Term Loan, 5.00%, (6 mo. EURIBOR + 5.00%), Maturing March 6, 2025	EUR		200	$	239,862
Akorn, Inc.
Term Loan, 8.50%, (3 mo. USD LIBOR + 7.50%, Floor 1.00%), Maturing October 1, 2025			864		870,062
Albany Molecular Research, Inc.
Term Loan, 4.25%, (USD LIBOR + 3.25%, Floor 1.00%), Maturing August 30, 2024(12)			825		823,263
Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing August 30, 2024			275		275,573
Alkermes, Inc.
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing March 27, 2023			394		391,636
Amneal Pharmaceuticals, LLC
Term Loan, 3.69%, (1 mo. USD LIBOR + 3.50%), Maturing May 4, 2025			3,714		3,605,697
Arbor Pharmaceuticals, Inc.
Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing July 5, 2023			1,760		1,610,580
Bausch Health Companies, Inc.
Term Loan, 3.14%, (1 mo. USD LIBOR + 3.00%), Maturing June 2, 2025			5,247		5,192,023
Cambrex Corporation
Term Loan, Maturing December 4, 2026(14)			325		326,016
Catalent Pharma Solutions, Inc.
Term Loan, 3.25%, (1 mo. USD LIBOR + 2.25%, Floor 1.00%), Maturing May 18, 2026			862		863,491
Elanco Animal Health Incorporated
Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing August 1, 2027			640		631,032
Endo Luxembourg Finance Company I S.a.r.l.
Term Loan, 5.00%, (3 mo. USD LIBOR + 4.25%, Floor 0.75%), Maturing April 29, 2024			5,509		5,364,800

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Drugs (continued)
Grifols Worldwide Operations USA, Inc.
Term Loan, 2.10%, (1 week USD LIBOR + 2.00%), Maturing November 15, 2027			2,538	$	2,503,333
Horizon Therapeutics USA, Inc.
Term Loan, 2.19%, (1 mo. USD LIBOR + 2.00%), Maturing May 22, 2026			2,196		2,177,549
Jaguar Holding Company II
Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), Maturing August 18, 2022			5,899		5,895,559
Mallinckrodt International Finance S.A.
Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), Maturing September 24, 2024			2,910		2,736,030
Term Loan, 5.75%, (6 mo. USD LIBOR + 5.00%, Floor 0.75%), Maturing February 24, 2025			3,282		3,079,158
Nidda Healthcare Holding AG
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing August 21, 2026	EUR		625		738,542
Packaging Coordinators Midco, Inc.
Term Loan, Maturing September 25, 2027(14)			1,250		1,242,188
				$	38,566,394
Ecological Services and Equipment — 0.5%
EnergySolutions, LLC
Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing May 9, 2025			1,960	$	1,927,093
Patriot Container Corp.
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing March 20, 2025			146		143,142
TruGreen Limited Partnership
Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), Maturing November 2, 2027			650		649,187
US Ecology Holdings, Inc.
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing November 1, 2026			273		271,232
				$	2,990,654
Electronics / Electrical — 25.8%
Allegro Microsystems, Inc.
Term Loan, 4.50%, (1 mo. USD LIBOR + 4.00%, Floor 0.50%), Maturing September 30, 2027			48	$	48,017
Applied Systems, Inc.
Term Loan - Second Lien, 8.00%, (3 mo. USD LIBOR + 7.00%, Floor 1.00%), Maturing September 19, 2025			2,700		2,715,749

16 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Electronics / Electrical (continued)
Aptean, Inc.
Term Loan, 4.40%, (1 mo. USD LIBOR + 4.25%), Maturing April 23, 2026			765	$	748,314
Term Loan - Second Lien, 8.65%, (1 mo. USD LIBOR + 8.50%), Maturing April 23, 2027			1,525		1,569,378
AQA Acquisition Holding, Inc.
Term Loan, Maturing November 19, 2027(14)			975		973,172
Astra Acquisition Corp.
Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), Maturing March 1, 2027			871		872,802
Avast Software B.V.
Term Loan, 3.25%, (3 mo. USD LIBOR + 2.25%, Floor 1.00%), Maturing September 29, 2023			206		205,355
Banff Merger Sub, Inc.
Term Loan, 4.40%, (1 mo. USD LIBOR + 4.25%), Maturing October 2, 2025			4,138		4,098,070
Term Loan, 4.75%, (3 mo. EURIBOR + 4.75%), Maturing October 2, 2025	EUR		295		353,288
Barracuda Networks, Inc.
Term Loan - Second Lien, 7.50%, (3 mo. USD LIBOR + 6.75%, Floor 0.75%), Maturing October 30, 2028			450		454,500
Buzz Merger Sub, Ltd.
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing January 29, 2027			597		590,284
Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), Maturing January 29, 2027			250		249,688
Cambium Learning Group, Inc.
Term Loan, 4.72%, (2 mo. USD LIBOR + 4.50%), Maturing December 18, 2025			975		959,460
Castle US Holding Corporation
Term Loan, 3.97%, (3 mo. USD LIBOR + 3.75%), Maturing January 29, 2027			1,077		1,042,645
CDW, LLC
Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing October 13, 2026			1,336		1,338,133
Celestica, Inc.
Term Loan, 2.64%, (1 mo. USD LIBOR + 2.50%), Maturing June 27, 2025			263		260,859
CentralSquare Technologies, LLC
Term Loan, 3.90%, (1 mo. USD LIBOR + 3.75%), Maturing August 29, 2025			909		843,492
Cohu, Inc.
Term Loan, 3.15%, (1 mo. USD LIBOR + 3.00%), Maturing October 1, 2025			808		796,271
CommScope, Inc.
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing April 6, 2026			1,832		1,805,335

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Electronics / Electrical (continued)
Cornerstone OnDemand, Inc.
Term Loan, 4.40%, (1 mo. USD LIBOR + 4.25%), Maturing April 22, 2027		1,734	$	1,735,531
CPI International, Inc.
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing July 26, 2024		660		647,081
E2open, LLC
Term Loan, Maturing October 29, 2027(14)		975		969,516
ECI Macola Max Holdings, LLC
Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), Maturing November 9, 2027		1,225		1,216,769
Electro Rent Corporation
Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing January 31, 2024		1,745		1,738,607
Epicor Software Corporation
Term Loan, 5.25%, (1 mo. USD LIBOR + 4.25%, Floor 1.00%), Maturing July 30, 2027		5,157		5,169,915
Term Loan - Second Lien, 8.75%, (1 mo. USD LIBOR + 7.75%, Floor 1.00%), Maturing July 31, 2028		925		957,375
EXC Holdings III Corp.
Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing December 2, 2024		1,655		1,636,065
Finastra USA, Inc.
Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing June 13, 2024		5,724		5,559,023
Fiserv Investment Solutions, Inc.
Term Loan, 4.97%, (3 mo. USD LIBOR + 4.75%), Maturing February 18, 2027		599		597,752
GlobalLogic Holdings, Inc.
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing August 1, 2025		451		445,211
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), Maturing September 14, 2027		825		826,031
Go Daddy Operating Company, LLC
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing August 10, 2027		1,222		1,217,482
Hyland Software, Inc.
Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), Maturing July 1, 2024		6,462		6,450,186
Term Loan - Second Lien, 7.75%, (1 mo. USD LIBOR + 7.00%, Floor 0.75%), Maturing July 7, 2025		3,806		3,829,788
Imperva, Inc.
Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing January 12, 2026		650		645,938
Imprivata, Inc.
Term Loan, Maturing November 24, 2027(14)		1,300		1,295,125

17 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Electronics / Electrical (continued)
Infoblox, Inc.
Term Loan, 6.75%, (USD Prime + 3.50%), Maturing November 7, 2023			1,534	$	1,534,390
Term Loan, Maturing October 7, 2027(14)			1,575		1,567,125
Term Loan - Second Lien, Maturing October 6, 2028(14)			2,250		2,238,750
Informatica, LLC
Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), Maturing February 25, 2027	EUR		299		353,306
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing February 25, 2027			6,443		6,350,012
Term Loan - Second Lien, 7.13%, Maturing February 25, 2025(15)			550		561,000
Ivanti Software, Inc.
Term Loan, Maturing November 20, 2027(14)			1,470		1,458,225
Term Loan, Maturing November 22, 2027(14)			564		558,986
Term Loan, Maturing November 22, 2027(14)			841		834,429
LogMeIn, Inc.
Term Loan, 4.89%, (1 mo. USD LIBOR + 4.75%), Maturing August 31, 2027			1,625		1,609,004
MA FinanceCo., LLC
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024			506		493,185
Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), Maturing June 5, 2025	EUR		745		895,159
Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), Maturing June 5, 2025			1,888		1,895,206
MACOM Technology Solutions Holdings, Inc.
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing May 17, 2024			1,264		1,234,207
Marcel LUX IV S.a.r.l.
Term Loan, Maturing September 22, 2027(14)			500		498,750
MaxLinear, Inc.
Term Loan, 4.40%, (1 mo. USD LIBOR + 4.25%), Maturing July 31, 2023			1,375		1,373,281
Milano Acquisition Corp.
Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), Maturing October 1, 2027			3,100		3,079,332
Mirion Technologies, Inc.
Term Loan, 4.27%, (6 mo. USD LIBOR + 4.00%), Maturing March 6, 2026			1,368		1,362,741
MKS Instruments, Inc.
Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing February 2, 2026			330		327,273
MTS Systems Corporation
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), Maturing July 5, 2023			524		522,516

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Electronics / Electrical (continued)
NCR Corporation
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing August 28, 2026		1,561	$	1,543,180
Recorded Books, Inc.
Term Loan, 4.40%, (1 mo. USD LIBOR + 4.25%), Maturing August 29, 2025		873		855,245
Term Loan, 4.75%, (1 mo. USD LIBOR + 4.25%, Floor 0.50%), Maturing August 29, 2025		1,650		1,631,438
Redstone Buyer, LLC
Term Loan, 6.00%, (2 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing September 1, 2027		2,845		2,843,222
Refinitiv US Holdings, Inc.
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025		1,675		1,665,804
Renaissance Holding Corp.
Term Loan - Second Lien, 7.15%, (1 mo. USD LIBOR + 7.00%), Maturing May 29, 2026		200		195,333
Seattle Spinco, Inc.
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024		3,415		3,330,599
SkillSoft Corporation
Term Loan, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), Maturing December 27, 2024		452		455,040
Term Loan - Second Lien, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), Maturing April 27, 2025		1,492		1,484,792
SolarWinds Holdings, Inc.
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2024		3,411		3,373,504
Solera, LLC
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing March 3, 2023		2,787		2,754,728
Sophia L.P.
Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), Maturing October 7, 2027		450		447,656
Sparta Systems, Inc.
Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing August 21, 2024		2,400		2,286,067
SS&C Technologies Holdings Europe S.a.r.l.
Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing April 16, 2025		702		692,639
SS&C Technologies, Inc.
Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing April 16, 2025		926		914,534
STG-Fairway Holdings, LLC
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing January 31, 2027		3,446		3,371,404

18 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Electronics / Electrical (continued)
SurveyMonkey, Inc.
Term Loan, 3.85%, (1 week USD LIBOR + 3.75%), Maturing October 10, 2025			1,042	$	1,029,041
Switch, Ltd.
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing June 27, 2024			183		183,333
Symplr Software, Inc.
Term Loan, Maturing November 23, 2027(14)			875		866,250
Syncsort Incorporated
Term Loan, 6.48%, (3 mo. USD LIBOR + 6.25%), Maturing August 16, 2024			2,547		2,508,573
Tech Data Corporation
Term Loan, 3.65%, (1 mo. USD LIBOR + 3.50%), Maturing June 30, 2025			1,200		1,202,063
Tibco Software, Inc.
Term Loan, 3.90%, (1 mo. USD LIBOR + 3.75%), Maturing June 30, 2026			5,346		5,251,131
Term Loan - Second Lien, 7.40%, (1 mo. USD LIBOR + 7.25%), Maturing March 3, 2028			1,350		1,362,656
TTM Technologies, Inc.
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing September 28, 2024			150		148,312
Uber Technologies, Inc.
Term Loan, 3.65%, (1 mo. USD LIBOR + 3.50%), Maturing July 13, 2023			4,228		4,214,837
Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing April 4, 2025			2,717		2,722,058
Ultimate Software Group, Inc. (The)
Term Loan, 3.90%, (1 mo. USD LIBOR + 3.75%), Maturing May 4, 2026			1,757		1,749,362
Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), Maturing May 4, 2026			4,275		4,288,624
Term Loan - Second Lien, 7.50%, (3 mo. USD LIBOR + 6.75%, Floor 0.75%), Maturing May 3, 2027			275		281,531
Ultra Clean Holdings, Inc.
Term Loan, 4.65%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025			775		775,268
Valkyr Purchaser, LLC
Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), Maturing October 29, 2027			800		794,000
Verifone Systems, Inc.
Term Loan, 4.22%, (3 mo. USD LIBOR + 4.00%), Maturing August 20, 2025			1,251		1,190,586
Veritas US, Inc.
Term Loan, 6.50%, (3 mo. USD LIBOR + 5.50%, Floor 1.00%), Maturing September 1, 2025			2,750		2,720,781
Term Loan, Maturing September 1, 2025(14)	EUR		373		446,512

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Electronics / Electrical (continued)
VS Buyer, LLC
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing February 28, 2027			1,244	$	1,232,867
Vungle, Inc.
Term Loan, 5.65%, (1 mo. USD LIBOR + 5.50%), Maturing September 30, 2026			718		718,647
Western Digital Corporation
Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing April 29, 2023			966		964,626
				$	146,105,327
Equipment Leasing — 0.7%
Avolon TLB Borrower 1 (US), LLC
Term Loan, Maturing December 31, 2027(14)			2,025	$	2,017,827
Boels Topholding B.V.
Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), Maturing February 6, 2027	EUR		600		717,947
Fly Funding II S.a.r.l.
Term Loan, 6.24%, (3 mo. USD LIBOR + 6.00%), Maturing October 8, 2025			1,325		1,281,938
				$	4,017,712
Financial Intermediaries — 3.7%
Apollo Commercial Real Estate Finance, Inc.
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing May 15, 2026			469	$	447,955
Aretec Group, Inc.
Term Loan, 4.40%, (1 mo. USD LIBOR + 4.25%), Maturing October 1, 2025			5,075		4,863,613
Citco Funding, LLC
Term Loan, 2.77%, (6 mo. USD LIBOR + 2.50%), Maturing September 28, 2023			2,777		2,700,695
Claros Mortgage Trust, Inc.
Term Loan, 3.38%, (1 mo. USD LIBOR + 3.25%), Maturing August 9, 2026			617		606,728
Ditech Holding Corporation
Term Loan, 0.00%, Maturing June 30, 2022(16)			2,592		822,957
EIG Management Company, LLC
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), Maturing February 22, 2025			268		267,455
Evergood 4 ApS
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing February 6, 2025	EUR		750		896,455
Focus Financial Partners, LLC
Term Loan, 2.15%, (1 mo. USD LIBOR + 2.00%), Maturing July 3, 2024			3,041		2,994,354

19 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Financial Intermediaries (continued)
Franklin Square Holdings L.P.
Term Loan, 2.44%, (1 mo. USD LIBOR + 2.25%), Maturing August 1, 2025			563	$	552,229
Greenhill & Co., Inc.
Term Loan, 3.39%, (1 mo. USD LIBOR + 3.25%), Maturing April 12, 2024			1,087		1,076,006
GreenSky Holdings, LLC
Term Loan, 3.44%, (1 mo. USD LIBOR + 3.25%), Maturing March 31, 2025			1,463		1,418,625
Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing March 29, 2025			499		490,022
Harbourvest Partners, LLC
Term Loan, 2.39%, (1 mo. USD LIBOR + 2.25%), Maturing March 3, 2025			27		26,567
LPL Holdings, Inc.
Term Loan, 1.89%, (1 mo. USD LIBOR + 1.75%), Maturing November 12, 2026			1,489		1,467,349
Starwood Property Trust, Inc.
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing July 27, 2026			545		534,971
Victory Capital Holdings, Inc.
Term Loan, 2.73%, (3 mo. USD LIBOR + 2.50%), Maturing July 1, 2026			1,160		1,148,806
Virtus Investment Partners, Inc.
Term Loan, 3.00%, (3 mo. USD LIBOR + 2.25%, Floor 0.75%), Maturing June 1, 2024			441		440,226
				$	20,755,013
Food Products — 3.9%
Alphabet Holding Company, Inc.
Term Loan, 3.65%, (1 mo. USD LIBOR + 3.50%), Maturing September 26, 2024			2,522	$	2,474,037
Atkins Nutritionals Holdings II, Inc.
Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing July 7, 2024			355		355,953
B&G Foods, Inc.
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing October 10, 2026			227		226,773
Badger Buyer Corp.
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing September 30, 2024			364		345,108
CHG PPC Parent, LLC
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing March 31, 2025			513		505,169
Term Loan, 3.50%, (1 mo. EURIBOR + 3.50%), Maturing March 31, 2025	EUR		3,125		3,690,381

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Food Products (continued)
Froneri International, Ltd.
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing January 31, 2027			2,195	$	2,146,324
Term Loan, 2.63%, (1 mo. EURIBOR + 2.63%), Maturing January 31, 2027	EUR		1,300		1,533,083
H Food Holdings, LLC
Term Loan, 3.83%, (1 mo. USD LIBOR + 3.69%), Maturing May 23, 2025			1,740		1,709,163
Term Loan, 4.15%, (1 mo. USD LIBOR + 4.00%), Maturing May 23, 2025			491		484,342
HLF Financing S.a.r.l.
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing August 18, 2025			805		802,119
Jacobs Douwe Egberts International B.V.
Term Loan, 2.19%, (1 mo. USD LIBOR + 2.00%), Maturing November 1, 2025			1,512		1,507,838
Term Loan, 2.25%, (3 mo. EURIBOR + 1.75%, Floor 0.50%), Maturing November 1, 2025	EUR		285		341,483
JBS USA Lux S.A.
Term Loan, 2.15%, (1 mo. USD LIBOR + 2.00%), Maturing May 1, 2026			4,383		4,330,024
Nomad Foods Europe Midco Limited
Term Loan, 2.39%, (1 mo. USD LIBOR + 2.25%), Maturing May 15, 2024			1,267		1,249,405
Shearer’s Foods, Inc.
Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), Maturing September 23, 2027			450		449,672
				$	22,150,874
Food Service — 2.1%
1011778 B.C. Unlimited Liability Company
Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing November 19, 2026			4,888	$	4,764,986
IRB Holding Corp.
Term Loan, 3.75%, (USD LIBOR + 2.75%, Floor 1.00%), Maturing February 5, 2025(12)			2,527		2,488,024
Term Loan, Maturing November 18, 2027(14)			2,100		2,079,876
Restaurant Technologies, Inc.
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025			171		166,358
US Foods, Inc.
Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing June 27, 2023			877		852,979
Term Loan, 2.15%, (1 mo. USD LIBOR + 2.00%), Maturing September 13, 2026			1,757		1,698,491
				$	12,050,714

20 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Food / Drug Retailers — 0.3%
BW Gas & Convenience Holdings, LLC
Term Loan, 6.40%, (1 mo. USD LIBOR + 6.25%), Maturing November 18, 2024			502	$	503,085
L1R HB Finance Limited
Term Loan, 4.25%, (6 mo. EURIBOR + 4.25%), Maturing August 9, 2024	EUR		450		475,796
Term Loan, 5.55%, (6 mo. GBP LIBOR + 5.25%), Maturing September 2, 2024	GBP		450		527,009
				$	1,505,890
Forest Products — 0.2%
Neenah, Inc.
Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing June 25, 2027			998	$	1,021,191
				$	1,021,191
Health Care — 13.0%
Accelerated Health Systems, LLC
Term Loan, 3.65%, (1 mo. USD LIBOR + 3.50%), Maturing October 31, 2025			565	$	550,461
ADMI Corp.
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing April 30, 2025			1,809		1,747,589
Alliance Healthcare Services, Inc.
Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing October 24, 2023			794		721,403
Term Loan - Second Lien, 12.00%, (1 mo. USD LIBOR + 11.00%, Floor 1.00%), Maturing April 24, 2024			530		247,551
athenahealth, Inc.
Term Loan, 4.75%, (3 mo. USD LIBOR + 4.50%), Maturing February 11, 2026			1,995		1,987,145
Avantor Funding, Inc.
Term Loan, 3.25%, (1 mo. USD LIBOR + 2.25%, Floor 1.00%), Maturing November 21, 2024			414		413,788
Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), Maturing November 8, 2027			450		450,656
BioClinica Holding I L.P.
Term Loan, 5.25%, (1 mo. USD LIBOR + 4.25%, Floor 1.00%), Maturing October 20, 2023			1,494		1,478,867
BW NHHC Holdco, Inc.
Term Loan, 5.22%, (3 mo. USD LIBOR + 5.00%), Maturing May 15, 2025			2,511		2,201,332
CeramTec AcquiCo GmbH
Term Loan, 2.50%, (1 mo. EURIBOR + 2.50%), Maturing March 7, 2025	EUR		903		1,062,367

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Health Care (continued)
Certara L.P.
Term Loan, 3.72%, (3 mo. USD LIBOR + 3.50%), Maturing August 15, 2024			967	$	959,832
Change Healthcare Holdings, LLC
Term Loan, 3.50%, (USD LIBOR + 2.50%, Floor 1.00%), Maturing March 1, 2024(12)			5,041		5,000,575
CHG Healthcare Services, Inc.
Term Loan, 4.00%, (6 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing June 7, 2023			3,448		3,406,083
CryoLife, Inc.
Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing December 1, 2024			511		507,371
Dedalus Finance GmbH
Term Loan, 4.50%, (6 mo. EURIBOR + 4.50%), Maturing May 4, 2027	EUR		825		989,022
Term Loan, Maturing August 16, 2027(14)	EUR		1,200		1,438,578
Ensemble RCM, LLC
Term Loan, 3.96%, (3 mo. USD LIBOR + 3.75%), Maturing August 3, 2026			520		518,126
Envision Healthcare Corporation
Term Loan, 3.90%, (1 mo. USD LIBOR + 3.75%), Maturing October 10, 2025			6,073		4,997,027
Gentiva Health Services, Inc.
Term Loan, 3.44%, (1 mo. USD LIBOR + 3.25%), Maturing July 2, 2025			2,382		2,372,540
GHX Ultimate Parent Corporation
Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing June 28, 2024			970		954,188
Greatbatch, Ltd.
Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), Maturing October 27, 2022			1,502		1,500,615
Hanger, Inc.
Term Loan, 3.65%, (1 mo. USD LIBOR + 3.50%), Maturing March 6, 2025			1,121		1,118,097
Inovalon Holdings, Inc.
Term Loan, 3.19%, (1 mo. USD LIBOR + 3.00%), Maturing April 2, 2025			1,251		1,235,113
IQVIA, Inc.
Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing March 7, 2024			551		545,036
Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing January 17, 2025			970		960,199
Medical Solutions, LLC
Term Loan, 5.50%, (6 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing June 14, 2024			1,620		1,595,380
MPH Acquisition Holdings, LLC
Term Loan, 3.75%, (3 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing June 7, 2023			2,862		2,827,636

21 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Health Care (continued)
National Mentor Holdings, Inc.
Term Loan, 4.40%, (1 mo. USD LIBOR + 4.25%), Maturing March 9, 2026			30	$	29,976
Term Loan, 4.40%, (1 mo. USD LIBOR + 4.25%), Maturing March 9, 2026			661		656,704
Term Loan, Maturing March 9, 2026(14)			10		10,152
Term Loan, Maturing March 9, 2026(14)			265		263,007
Navicure, Inc.
Term Loan, 4.15%, (1 mo. USD LIBOR + 4.00%), Maturing October 22, 2026			1,020		1,005,852
Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), Maturing October 22, 2026			550		549,313
One Call Corporation
Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), Maturing November 25, 2022			2,056		1,967,590
Ortho-Clinical Diagnostics S.A.
Term Loan, 3.39%, (1 mo. USD LIBOR + 3.25%), Maturing June 30, 2025			4,900		4,809,808
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing June 30, 2025	EUR		423		495,599
Parexel International Corporation
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing September 27, 2024			1,610		1,578,151
Phoenix Guarantor, Inc.
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing March 5, 2026			1,950		1,927,226
Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), Maturing March 5, 2026			625		621,484
Radiology Partners, Inc
Term Loan, 4.80%, (USD LIBOR + 4.25%), Maturing July 9, 2025(12)			2,555		2,471,273
RadNet, Inc.
Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing June 30, 2023			1,584		1,580,938
Select Medical Corporation
Term Loan, 2.78%, (6 mo. USD LIBOR + 2.50%), Maturing March 6, 2025			2,709		2,665,751
Sound Inpatient Physicians
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing June 27, 2025			489		483,313
Surgery Center Holdings, Inc.
Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing September 3, 2024			3,430		3,366,736
Synlab Bondco Plc
Term Loan, Maturing July 31, 2027(14)	EUR		325		386,707
Team Health Holdings, Inc.
Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing February 6, 2024			1,992		1,753,212

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Health Care (continued)
Tecomet, Inc.
Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing May 1, 2024		1,120	$	1,090,636
U.S. Anesthesia Partners, Inc.
Term Loan, 4.00%, (6 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing June 23, 2024		2,623		2,544,908
Verscend Holding Corp.
Term Loan, 4.65%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025		799		798,239
Viant Medical Holdings, Inc.
Term Loan, 3.90%, (1 mo. USD LIBOR + 3.75%), Maturing July 2, 2025		490		458,640
Wink Holdco, Inc.
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing December 2, 2024		486		486,174
			$	73,787,966
Home Furnishings — 0.8%
Serta Simmons Bedding, LLC
Term Loan, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), Maturing August 10, 2023		1,174	$	1,182,863
Term Loan - Second Lien, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), Maturing August 10, 2023		3,883		3,517,338
			$	4,700,201
Industrial Equipment — 7.5%
AI Alpine AT Bidco GmbH
Term Loan, 3.23%, (USD LIBOR + 3.00%), Maturing October 31, 2025(12)		246	$	229,966
Alliance Laundry Systems, LLC
Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), Maturing October 8, 2027		1,225		1,224,107
Altra Industrial Motion Corp.
Term Loan, 2.15%, (1 mo. USD LIBOR + 2.00%), Maturing October 1, 2025		633		626,112
Apex Tool Group, LLC
Term Loan, 6.50%, (1 mo. USD LIBOR + 5.25%, Floor 1.25%), Maturing August 1, 2024		2,971		2,909,459
CFS Brands, LLC
Term Loan, 4.00%, (6 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing March 20, 2025		269		245,027
CPM Holdings, Inc.
Term Loan, 3.90%, (1 mo. USD LIBOR + 3.75%), Maturing November 17, 2025		2,214		2,121,065

22 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Industrial Equipment (continued)
Delachaux Group S.A.
Term Loan, 3.75%, (6 mo. EURIBOR + 3.75%), Maturing April 16, 2026	EUR		400	$	475,152
Term Loan, 4.74%, (6 mo. USD LIBOR + 4.50%), Maturing April 16, 2026			470		452,028
DexKo Global, Inc.
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 24, 2024	EUR		322		381,755
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 24, 2024	EUR		805		954,392
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing July 24, 2024			895		883,072
DXP Enterprises, Inc.
Term Loan, 5.75%, (1 mo. USD LIBOR + 4.75%, Floor 1.00%), Maturing August 29, 2023			479		468,930
Dynacast International, LLC
Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing January 28, 2022			1,288		1,223,635
Engineered Machinery Holdings, Inc.
Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing July 19, 2024			1,801		1,775,448
Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), Maturing July 19, 2024			319		318,381
EWT Holdings III Corp.
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing December 20, 2024			1,870		1,855,502
Filtration Group Corporation
Term Loan, 3.15%, (1 mo. USD LIBOR + 3.00%), Maturing March 29, 2025			1,665		1,633,899
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), Maturing March 29, 2025	EUR		390		461,257
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), Maturing March 29, 2025			400		399,458
Gardner Denver, Inc.
Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing March 1, 2027			1,297		1,276,588
Term Loan, 2.00%, (1 mo. EURIBOR + 2.00%), Maturing March 1, 2027	EUR		421		501,606
Gates Global, LLC
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing April 1, 2024	EUR		917		1,085,740
Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing April 1, 2024			4,557		4,524,702
Hayward Industries, Inc.
Term Loan, 3.65%, (1 mo. USD LIBOR + 3.50%), Maturing August 5, 2024			478		470,496
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), Maturing August 4, 2026			725		713,219

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Industrial Equipment (continued)
Ingersoll-Rand Services Company
Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing March 1, 2027			1,418	$	1,395,847
LTI Holdings, Inc.
Term Loan, 3.65%, (1 mo. USD LIBOR + 3.50%), Maturing September 6, 2025			1,582		1,504,936
Term Loan, 4.90%, (1 mo. USD LIBOR + 4.75%), Maturing July 24, 2026			198		189,173
Pro Mach Group, Inc.
Term Loan, 3.50%, Maturing March 7, 2025(13)			229		237,134
Term Loan, 4.50%, (USD LIBOR + 3.50%, Floor 1.00%), Maturing March 7, 2025(12)			694		679,221
Quimper AB
Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), Maturing February 13, 2026	EUR		1,900		2,278,634
Robertshaw US Holding Corp.
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing February 28, 2025			1,048		984,910
Thermon Industries, Inc.
Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing October 30, 2024			279		277,904
Titan Acquisition Limited
Term Loan, 3.36%, (3 mo. USD LIBOR + 3.00%), Maturing March 28, 2025			3,092		2,984,375
Vertical Midco GmbH
Term Loan, 4.57%, (6 mo. USD LIBOR + 4.25%), Maturing July 30, 2027			1,350		1,348,523
Welbilt, Inc.
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing October 23, 2025			3,484		3,303,026
				$	42,394,679
Insurance — 6.6%
Alliant Holdings Intermediate, LLC
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing May 9, 2025			2,525	$	2,468,656
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing May 9, 2025			469		458,618
Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), Maturing October 8, 2027			475		473,738
AmWINS Group, Inc.
Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing January 25, 2024			5,273		5,263,186
AssuredPartners Capital, Inc.
Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing February 12, 2027			498		498,495

23 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Insurance (continued)
AssuredPartners, Inc.
Term Loan, 3.65%, (1 mo. USD LIBOR + 3.50%), Maturing February 12, 2027			1,489	$	1,461,368
Asurion, LLC
Term Loan, 3.15%, (1 mo. USD LIBOR + 3.00%), Maturing August 4, 2022			1,249		1,245,257
Term Loan, 3.15%, (1 mo. USD LIBOR + 3.00%), Maturing November 3, 2023			2,264		2,245,623
Term Loan - Second Lien, 6.65%, (1 mo. USD LIBOR + 6.50%), Maturing August 4, 2025			3,945		3,980,471
Financiere CEP S.A.S.
Term Loan, 4.75%, (3 mo. EURIBOR + 4.75%), Maturing June 3, 2027	EUR		550		661,644
FrontDoor, Inc.
Term Loan, 2.69%, (1 mo. USD LIBOR + 2.50%), Maturing August 16, 2025			490		487,550
Hub International Limited
Term Loan, 2.96%, (3 mo. USD LIBOR + 2.75%), Maturing April 25, 2025			4,436		4,335,021
Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing April 25, 2025			1,886		1,891,643
NFP Corp.
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing February 15, 2027			3,694		3,600,428
Ryan Specialty Group, LLC
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), Maturing September 1, 2027			1,925		1,921,791
Sedgwick Claims Management Services, Inc.
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing December 31, 2025			1,253		1,225,480
USI, Inc.
Term Loan, 3.22%, (3 mo. USD LIBOR + 3.00%), Maturing May 16, 2024			3,596		3,526,687
Term Loan, 4.22%, (3 mo. USD LIBOR + 4.00%), Maturing December 2, 2026			1,464		1,460,827
				$	37,206,483
Leisure Goods / Activities / Movies — 6.3%
Amer Sports Oyj
Term Loan, 4.50%, (6 mo. EURIBOR + 4.50%), Maturing March 30, 2026	EUR		3,625	$	4,134,905
Ancestry.com Operations, Inc.
Term Loan, 4.15%, (1 mo. USD LIBOR + 4.00%), Maturing August 27, 2026			3,333		3,333,444
Bombardier Recreational Products, Inc.
Term Loan, 2.15%, (1 mo. USD LIBOR + 2.00%), Maturing May 24, 2027			4,694		4,570,199

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Leisure Goods / Activities / Movies (continued)
Bombardier Recreational Products, Inc. (continued)
Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing May 24, 2027			698	$	710,120
Carnival Corporation
Term Loan, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), Maturing June 30, 2025			1,397		1,447,123
ClubCorp Holdings, Inc.
Term Loan, 2.97%, (3 mo. USD LIBOR + 2.75%), Maturing September 18, 2024			2,387		2,143,914
Crown Finance US, Inc.
Term Loan, 2.63%, (6 mo. EURIBOR + 2.63%), Maturing February 28, 2025	EUR		290		271,693
Term Loan, 2.77%, (6 mo. USD LIBOR + 2.50%), Maturing February 28, 2025			1,761		1,359,000
Term Loan, 3.02%, (6 mo. USD LIBOR + 2.75%), Maturing September 30, 2026			1,535		1,171,015
Delta 2 (LUX) S.a.r.l.
Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), Maturing February 1, 2024			1,530		1,495,167
Etraveli Holding AB
Term Loan, 4.50%, (6 mo. EURIBOR + 4.50%), Maturing August 2, 2024	EUR		950		1,014,221
Lindblad Expeditions, Inc.
Term Loan, 5.50%, (1 mo. USD LIBOR + 4.75%, Floor 0.75%), 4.25% cash, 1.25% PIK, Maturing March 27, 2025			340		319,807
Term Loan, 5.50%, (1 mo. USD LIBOR + 4.75%, Floor 0.75%), 4.25% cash, 1.25% PIK, Maturing March 27, 2025			1,361		1,279,230
Match Group, Inc.
Term Loan, 1.96%, (3 mo. USD LIBOR + 1.75%), Maturing February 13, 2027			775		765,636
Playtika Holding Corp.
Term Loan, 7.00%, (6 mo. USD LIBOR + 6.00%, Floor 1.00%), Maturing December 10, 2024			3,417		3,439,297
SeaWorld Parks & Entertainment, Inc.
Term Loan, 3.75%, (1 mo. USD LIBOR + 3.00%, Floor 0.75%), Maturing March 31, 2024			1,909		1,829,621
SRAM, LLC
Term Loan, 3.75%, (USD LIBOR + 2.75%, Floor 1.00%), Maturing March 15, 2024(12)			1,116		1,114,463
Steinway Musical Instruments, Inc.
Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing February 14, 2025			514		498,433
Travel Leaders Group, LLC
Term Loan, 4.15%, (1 mo. USD LIBOR + 4.00%), Maturing January 25, 2024			1,726		1,568,127

24 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Leisure Goods / Activities / Movies (continued)
UFC Holdings, LLC
Term Loan, 4.25%, (6 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing April 29, 2026			224	$	222,193
Term Loan, 4.25%, (6 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing April 29, 2026			2,301		2,283,575
Vue International Bidco PLC
Term Loan, 4.75%, (6 mo. EURIBOR + 4.75%), Maturing July 3, 2026	EUR		678		707,063
				$	35,678,246
Lodging and Casinos — 3.6%
Aristocrat Technologies, Inc.
Term Loan, 1.96%, (3 mo. USD LIBOR + 1.75%), Maturing October 19, 2024			1,040	$	1,016,240
Azelis Finance S.A.
Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), Maturing November 10, 2025	EUR		2,000		2,378,033
Boyd Gaming Corporation
Term Loan, 2.35%, (1 week USD LIBOR + 2.25%), Maturing September 15, 2023			678		669,765
CityCenter Holdings, LLC
Term Loan, 3.00%, (1 mo. USD LIBOR + 2.25%, Floor 0.75%), Maturing April 18, 2024			2,761		2,670,664
Golden Nugget, Inc.
Term Loan, 3.25%, (2 mo. USD LIBOR + 2.50%, Floor 0.75%), Maturing October 4, 2023			4,968		4,738,291
GVC Holdings (Gibraltar) Limited
Term Loan, 3.25%, (3 mo. USD LIBOR + 2.25%, Floor 1.00%), Maturing March 29, 2024			1,170		1,158,300
GVC Holdings PLC
Term Loan, 2.50%, (3 mo. EURIBOR + 2.50%), Maturing March 29, 2024	EUR		1,875		2,234,917
Playa Resorts Holding B.V.
Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing April 29, 2024			2,569		2,365,001
Sportradar Capital S.a.r.l.
Term Loan, Maturing October 27, 2027(14)	EUR		550		658,528
Stars Group Holdings B.V. (The)
Term Loan, 3.72%, (3 mo. USD LIBOR + 3.50%), Maturing July 10, 2025			1,783		1,788,493
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), Maturing July 10, 2025	EUR		597		716,426
				$	20,394,658

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Nonferrous Metals / Minerals — 0.5%
American Consolidated Natural Resources, Inc.
Term Loan, 14.00%, (3 mo. USD LIBOR + 13.00%, Floor 1.00%), Maturing September 16, 2025			673	$	605,900
CD&R Hydra Buyer, Inc.
Term Loan, 7.50%, (0.00% cash, 7.50% PIK), Maturing August 15, 2021(3)(15)			163		130,106
Noranda Aluminum Acquisition Corporation
Term Loan, 0.00%, Maturing February 28, 2021(16)			942		84,776
Oxbow Carbon, LLC
Term Loan, 5.00%, (1 mo. USD LIBOR + 4.25%, Floor 0.75%), Maturing October 13, 2025			775		773,062
Rain Carbon GmbH
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), Maturing January 16, 2025	EUR		1,025		1,176,822
				$	2,770,666
Oil and Gas — 4.1%
Ameriforge Group, Inc.						��
Term Loan, 14.00%, (3 mo. USD LIBOR + 13.00%, Floor 1.00%), 9.00% cash, 5.00% PIK, Maturing June 8, 2022			767	$	671,181
Apergy Corporation
Term Loan, 2.69%, (1 mo. USD LIBOR + 2.50%), Maturing May 9, 2025			172		168,396
Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing May 28, 2027			222		224,687
Blackstone CQP Holdco L.P.
Term Loan, 3.73%, (3 mo. USD LIBOR + 3.50%), Maturing September 30, 2024			1,037		1,027,154
Buckeye Partners L.P.
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing November 1, 2026			1,343		1,332,127
Centurion Pipeline Company, LLC
Term Loan, 4.15%, (1 mo. USD LIBOR + 4.00%), Maturing September 28, 2025			250		247,188
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing September 29, 2025			270		267,317
CITGO Holding, Inc.
Term Loan, 8.00%, (6 mo. USD LIBOR + 7.00%, Floor 1.00%), Maturing August 1, 2023			2,093		1,834,560
CITGO Petroleum Corporation
Term Loan, 7.25%, (6 mo. USD LIBOR + 6.25%, Floor 1.00%), Maturing March 28, 2024			4,156		3,984,714

25 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Oil and Gas (continued)
Delek US Holdings, Inc.
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing March 31, 2025		1,379	$	1,297,389
Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), Maturing March 31, 2025		597		588,791
Fieldwood Energy, LLC
DIP Loan, 3.68%, (1 mo. USD LIBOR + 8.75%, Floor 1.00%), Maturing August 4, 2021(13)		410		408,906
Term Loan, 0.00%, Maturing April 11, 2022(16)		2,775		624,333
Lealand Finance Company B.V.
Term Loan, 4.15%, (1 mo. USD LIBOR + 4.00%), 1.15% cash, 3.00% PIK, Maturing June 30, 2025		369		251,548
Matador Bidco S.a.r.l.
Term Loan, 4.90%, (1 mo. USD LIBOR + 4.75%), Maturing October 15, 2026		4,084		4,002,785
McDermott Technology Americas, Inc.
Term Loan, 3.15%, (1 mo. USD LIBOR + 3.00%), Maturing June 30, 2024		26		22,310
Prairie ECI Acquiror L.P.
Term Loan, 4.90%, (1 mo. USD LIBOR + 4.75%), Maturing March 11, 2026		2,871		2,699,812
PSC Industrial Holdings Corp.
Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing October 11, 2024		1,871		1,800,660
RDV Resources Properties, LLC
Term Loan, 15.50%, (1 mo. USD LIBOR + 14.50%, Floor 1.00%), Maturing March 29, 2024(3)		509		334,549
Sunrise Oil & Gas Properties, LLC
Term Loan, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), Maturing January 17, 2023		88		79,235
Term Loan - Second Lien, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), Maturing January 17, 2023		90		70,581
Term Loan - Third Lien, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), Maturing January 17, 2023		104		52,457
UGI Energy Services, LLC
Term Loan, 3.90%, (1 mo. USD LIBOR + 3.75%), Maturing August 13, 2026		1,086		1,087,608
			$	23,078,288
Publishing — 1.2%
Alchemy Copyrights, LLC
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), Maturing August 16, 2027		525	$	525,656

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Publishing (continued)
Ascend Learning, LLC
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing July 12, 2024		1,188	$	1,175,625
Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing July 12, 2024		425		425,133
Getty Images, Inc.
Term Loan, 4.69%, (1 mo. USD LIBOR + 4.50%), Maturing February 19, 2026		1,725		1,670,533
LSC Communications, Inc.
Term Loan, 0.00%, Maturing September 30, 2022(16)		784		128,373
Nielsen Finance, LLC
Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing June 4, 2025		846		849,345
ProQuest, LLC
Term Loan, 3.65%, (1 mo. USD LIBOR + 3.50%), Maturing October 23, 2026		1,581		1,572,150
Tweddle Group, Inc.
Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing September 17, 2023		206		188,779
			$	6,535,594
Radio and Television — 3.2%
Cumulus Media New Holdings, Inc.
Term Loan, 4.75%, (6 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing March 31, 2026		516	$	498,799
Diamond Sports Group, LLC
Term Loan, 3.40%, (1 mo. USD LIBOR + 3.25%), Maturing August 24, 2026		3,168		2,676,960
Entercom Media Corp.
Term Loan, 2.64%, (1 mo. USD LIBOR + 2.50%), Maturing November 18, 2024		928		900,549
Entravision Communications Corporation
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing November 29, 2024		846		816,258
Gray Television, Inc.
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing February 7, 2024		255		251,215
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing January 2, 2026		637		629,118
Hubbard Radio, LLC
Term Loan, 5.25%, (6 mo. USD LIBOR + 4.25%, Floor 1.00%), Maturing March 28, 2025		784		760,930
iHeartCommunications, Inc.
Term Loan, 3.15%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2026		1,911		1,850,460
Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), Maturing May 1, 2026		424		419,963

26 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Radio and Television (continued)
Nexstar Broadcasting, Inc.
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024		1,386	$	1,368,390
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing September 18, 2026		453		448,534
Sinclair Television Group, Inc.
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing January 3, 2024		533		521,531
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing September 30, 2026		668		654,606
Terrier Media Buyer, Inc.
Term Loan, 4.40%, (1 mo. USD LIBOR + 4.25%), Maturing December 17, 2026		2,632		2,602,381
Univision Communications, Inc.
Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing March 15, 2026		3,485		3,458,705
			$	17,858,399
Retailers (Except Food and Drug) — 2.9%
Apro, LLC
Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing November 14, 2026		670	$	669,473
Ascena Retail Group, Inc.
DIP Loan, 12.75%, (1 mo. USD LIBOR + 11.75%, Floor 1.00%), Maturing March 16, 2021		685		761,711
Term Loan, 0.00%, Maturing August 21, 2022(16)		1,978		629,333
Bass Pro Group, LLC
Term Loan, 5.75%, (3 mo. USD LIBOR + 5.00%, Floor 0.75%), Maturing September 25, 2024		2,974		2,978,794
BJ’s Wholesale Club, Inc.
Term Loan, 2.14%, (1 mo. USD LIBOR + 2.00%), Maturing February 3, 2024		520		518,803
Coinamatic Canada, Inc.
Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing May 14, 2022		46		45,490
CNT Holdings I Corp.
Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), Maturing November 8, 2027		775		770,338
David’s Bridal, Inc.
Term Loan, 11.00%, (3 mo. USD LIBOR + 10.00%, Floor 1.00%), 6.00% cash, 5.00% PIK, Maturing June 23, 2023		298		279,039
Term Loan, 7.00%, (3 mo. USD LIBOR + 6.00%, Floor 1.00%), Maturing June 30, 2023		349		290,291
Harbor Freight Tools USA, Inc.
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), Maturing October 19, 2027		1,600		1,591,858

Borrower/Tranche Description	Principal Amount* (000’s omitted)		Value
Retailers (Except Food and Drug) (continued)
Hoya Midco, LLC
Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing June 30, 2024		2,058	$	1,883,124
LSF9 Atlantis Holdings, LLC
Term Loan, 7.00%, (1 mo. USD LIBOR + 6.00%, Floor 1.00%), Maturing May 1, 2023		1,004		992,771
Mattress Firm, Inc.
Term Loan, Maturing November 24, 2027(14)		925		920,375
PetSmart, Inc.
Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing March 11, 2022		3,613		3,600,493
PFS Holding Corporation
Term Loan, 0.00%, Maturing January 31, 2021(3)(16)		2,332		0
Pier 1 Imports (U.S.), Inc.
Term Loan, 0.00%, Maturing April 30, 2021(16)		455		284,176
			$	16,216,069
Steel — 1.0%
Atkore International, Inc.
Term Loan, 3.75%, (3 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing December 22, 2023		1,258	$	1,256,564
GrafTech Finance, Inc.
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing February 12, 2025		2,153		2,143,483
Neenah Foundry Company
Term Loan, 10.07%, (2 mo. USD LIBOR + 9.00%), Maturing December 13, 2022		710		621,378
Phoenix Services International, LLC
Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing March 1, 2025		878		859,402
Zekelman Industries, Inc.
Term Loan, 2.15%, (1 mo. USD LIBOR + 2.00%), Maturing January 24, 2027		1,070		1,052,021
			$	5,932,848
Surface Transport — 0.5%
Hertz Corporation (The)
DIP Loan, 4.62%, (USD Prime + 6.25%), Maturing December 31, 2020(13)		917	$	945,283
Term Loan, 3.50%, (1 mo. USD LIBOR + 2.75%, Floor 0.75%), Maturing June 30, 2023		1,078		1,050,363
Kenan Advantage Group, Inc.
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing July 31, 2022		117		113,953
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing July 31, 2022		383		374,729

27 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Surface Transport (continued)
XPO Logistics, Inc.
Term Loan, 2.15%, (1 mo. USD LIBOR + 2.00%), Maturing February 24, 2025			650	$	644,312
				$	3,128,640
Telecommunications — 6.2%
Cablevision Lightpath, LLC
Term Loan, Maturing September 15, 2027(14)			400	$	398,417
CenturyLink, Inc.
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing March 15, 2027			7,444		7,294,413
Colorado Buyer, Inc.
Term Loan, 4.00%, (6 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing May 1, 2024			1,649		1,529,801
Digicel International Finance Limited
Term Loan, 3.51%, (6 mo. USD LIBOR + 3.25%), Maturing May 28, 2024			1,770		1,572,214
eircom Finco S.a.r.l.
Term Loan, 2.75%, (1 mo. EURIBOR + 2.75%), Maturing May 15, 2026	EUR		1,706		2,035,741
Gamma Infrastructure III B.V.
Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), Maturing January 9, 2025	EUR		1,650		1,935,399
Global Eagle Entertainment, Inc.
DIP Loan, 11.25%, (1 mo. USD LIBOR + 10.00%, Floor 1.25%), Maturing January 22, 2021			408		403,958
Term Loan, 0.00%, Maturing January 6, 2023(16)			2,743		2,073,179
Intelsat Jackson Holdings S.A.
DIP Loan, 5.78%, (USD LIBOR + 5.50%, Floor 1.00%), Maturing July 13, 2022(12)(13)			1,037		1,061,543
Term Loan, 8.00%, (USD Prime + 4.75%), Maturing November 27, 2023			1,900		1,924,343
Term Loan, 8.75%, (USD Prime + 5.50%), Maturing January 2, 2024			1,600		1,624,000
IPC Corp.
Term Loan, 5.50%, (3 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing August 6, 2021(3)			1,230		886,271
Onvoy, LLC
Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing February 10, 2024			1,737		1,689,233
Plantronics, Inc.
Term Loan, 2.65%, (1 mo. USD LIBOR + 2.50%), Maturing July 2, 2025			1,327		1,284,935
Syniverse Holdings, Inc.
Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing March 9, 2023			1,024		892,795

Borrower/Tranche Description		Principal Amount* (000’s omitted)		Value
Telecommunications (continued)
Telesat Canada
Term Loan, 2.90%, (1 mo. USD LIBOR + 2.75%), Maturing December 7, 2026			1,439	$	1,407,943
Zayo Group Holdings, Inc.
Term Loan, 3.15%, (1 mo. USD LIBOR + 3.00%), Maturing March 9, 2027			2,637		2,594,892
Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), Maturing March 9, 2027	EUR		448		534,210
Ziggo Financing Partnership
Term Loan, 2.64%, (1 mo. USD LIBOR + 2.50%), Maturing April 30, 2028			3,825		3,748,840
				$	34,892,127
Utilities — 1.3%
Brookfield WEC Holdings, Inc.
Term Loan, 3.75%, (1 mo. USD LIBOR + 3.00%, Floor 0.75%), Maturing August 1, 2025			1,688	$	1,672,921
Calpine Construction Finance Company L.P.
Term Loan, 2.15%, (1 mo. USD LIBOR + 2.00%), Maturing January 15, 2025			941		928,730
Calpine Corporation
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2024			3,340		3,319,821
Term Loan, 2.40%, (1 mo. USD LIBOR + 2.25%), Maturing April 5, 2026			938		930,972
Longview Power, LLC
Term Loan, 11.50%, (3 mo. USD LIBOR + 10.00%, Floor 1.50%), Maturing July 30, 2025(3)			404		322,940
USIC Holdings, Inc.
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing December 8, 2023			195		192,907
				$	7,368,291
Total Senior Floating-Rate Loans (identified cost $844,895,437)				$	827,667,428
Warrants — 0.0%(6)
Security		Shares		Value
Health Care — 0.0%(6)
THAIHOT Investment Company US Limited, Exp. 10/13/27(3)(4)(5)			24	$	7,159
THAIHOT Investment Company US Limited, Exp. 10/13/27(3)(4)(5)			175		52,197

28 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Security	Shares		Value
Health Care (continued)
THAIHOT Investment Company US Limited, Exp. 10/13/27, (Contingent Warrants)(3)(4)(5)		11,110	$	0
			$	59,356
Retailers (Except Food and Drug) — 0.0%
David’s Bridal, LLC, Exp. 11/26/22(3)(4)(5)		4,543	$	0
			$	0
Total Warrants (identified cost $0)			$	59,356
Miscellaneous — 0.0%(6)
Security	Shares		Value
Oil and Gas — 0.0%(6)
Paragon Offshore Finance Company, Class A(4)(5)		1,707	$	512
Paragon Offshore Finance Company, Class B(4)(5)		854		10,462
Total Miscellaneous (identified cost $18,573)			$	10,974
Short-Term Investments — 2.1%
Description	Units		Value
Eaton Vance Cash Reserves Fund, LLC, 0.10%(17)		11,721,058	$	11,721,058
Total Short-Term Investments (identified cost $11,721,058)			$	11,721,058
Total Investments — 163.6% (identified cost $945,579,468)			$	925,099,502
Less Unfunded Loan Commitments — (0.4)%			$	(1,928,228	)
Net Investments — 163.2% (identified cost $943,651,240)			$	923,171,274
Notes Payable — (44.9)%			$	(254,000,000	)
Variable Rate Term Preferred Shares, at Liquidation Value (net of unamortized deferred debt issuance costs) — (14.1)%			$	(79,898,063	)
Other Assets, Less Liabilities — (4.2)%			$	(23,712,131	)
Net Assets Applicable to Common Shares — 100.0%			$	565,561,080

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⁾  Security exempt from registration under Rule 144A of 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 November 30, 2020, the aggregate value of these securities is $55,501,650 or 9.8% of the Fund’s net assets applicable to common shares.

⁽²⁾  Variable rate security. The stated interest rate represents the rate in effect at November 30, 2020.

⁽³⁾  For fair value measurement disclosure purposes, security is categorized as Level 3 (see Note 11).

⁽⁴⁾  Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale.

⁽⁵⁾  Non-income producing security.

⁽⁶⁾  Amount is less than 0.05%.

⁽⁷⁾  Restricted security (see Note 7).

⁽⁸⁾  Security converts to variable rate after the indicated fixed-rate coupon period.

⁽⁹⁾  Perpetual security with no stated maturity date but may be subject to calls by the issuer.

⁽¹⁰⁾  Represents a payment-in-kind security which may pay interest in additional principal at the issuer’s discretion.

⁽¹¹⁾  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 a minimum rate. Senior Loans are generally subject to contractual restrictions that must be satisfied before they can be bought or sold.

⁽¹²⁾  The stated interest rate represents the weighted average interest rate at November 30, 2020 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.

⁽¹³⁾  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. At November 30, 2020, the total value of unfunded loan commitments is $1,961,568. See Note 1F for description.

⁽¹⁴⁾  This Senior Loan will settle after November 30, 2020, at which time the interest rate will be determined.

⁽¹⁵⁾  Fixed-rate loan.

⁽¹⁶⁾  Issuer is in default with respect to interest and/or principal payments. For a variable rate security, interest rate has been adjusted to reflect non-accrual status.

⁽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 annualized seven-day yield as of November 30, 2020.

29 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Portfolio of Investments (Unaudited) — continued

Forward Foreign Currency Exchange Contracts
Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation		Unrealized (Depreciation)
USD	19,558,223	EUR	16,779,950	Standard Chartered Bank		12/2/20	$	—	$	(457,749	)
USD	1,266,729	EUR	1,075,000	State Street Bank and Trust Company		12/2/20		—		(15,585	)
USD	21,382,682	EUR	17,854,950	Standard Chartered Bank		1/5/21		59,455		—
USD	20,596,018	EUR	17,490,568	Goldman Sachs International		1/29/21		—		(303,337	)
USD	2,075,826	EUR	1,743,802	HSBC Bank USA, N.A.		1/29/21		—		(7,830	)
USD	1,281,081	EUR	1,069,500	State Street Bank and Trust Company		1/29/21		3,143		—
USD	20,769,594	EUR	17,446,916	HSBC Bank USA, N.A.		2/26/21		—		(90,396	)
USD	1,560,635	GBP	1,168,034	State Street Bank and Trust Company		2/26/21		2,119		—
							$	64,717	$	(874,897	)

Abbreviations:

DIP	–	Debtor In Possession
EURIBOR	–	Euro Interbank Offered Rate
LIBOR	–	London Interbank Offered Rate
PIK	–	Payment In Kind

Currency Abbreviations:

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

30 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Statement of Assets and Liabilities (Unaudited)

Assets	November 30, 2020
Unaffiliated investments, at value (identified cost, $931,930,182)	$	911,450,216
Affiliated investment, at value (identified cost, $11,721,058)		11,721,058
Cash		3,384,261
Deposits for derivatives collateral — forward foreign currency exchange contracts		720,000
Foreign currency, at value (identified cost, $633,570)		631,797
Interest and dividends receivable		3,176,591
Dividends receivable from affiliated investment		674
Receivable for investments sold		396,274
Receivable for open forward foreign currency exchange contracts		64,717
Prepaid upfront fees and other fees on notes payable and variable rate term preferred shares		242,560
Prepaid expenses		35,512
Total assets	$	931,823,660
Liabilities
Notes payable	$	254,000,000
Variable rate term preferred shares, at liquidation value (net of unamortized deferred debt issuance costs of $101,937)		79,898,063
Payable for investments purchased		30,195,884
Payable for open forward foreign currency exchange contracts		874,897
Payable to affiliates:
Investment adviser fee		543,685
Trustees’ fees		7,526
Interest expense and fees payable		487,444
Accrued expenses		255,081
Total liabilities	$	366,262,580
Net assets applicable to common shares	$	565,561,080
Sources of Net Assets
Common shares, $0.01 par value, unlimited number of shares authorized, 39,863,690 shares issued and outstanding	$	398,637
Additional paid-in capital		624,388,144
Accumulated loss		(59,225,701	)
Net assets applicable to common shares	$	565,561,080
Net Asset Value Per Common Share
($565,561,080 ÷ 39,863,690 common shares issued and outstanding)	$	14.19

31 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Statement of Operations (Unaudited)

Investment Income	Six Months Ended November 30, 2020
Interest and other income	$	19,933,077
Dividends		416,745
Dividends from affiliated investment		7,687
Total investment income	$	20,357,509
Expenses
Investment adviser fee	$	3,182,258
Trustees’ fees and expenses		22,020
Custodian fee		102,171
Transfer and dividend disbursing agent fees		10,189
Legal and accounting services		129,577
Printing and postage		35,904
Interest expense and fees		2,584,779
Miscellaneous		58,115
Total expenses	$	6,125,013
Net investment income	$	14,232,496
Realized and Unrealized Gain (Loss)
Net realized gain (loss) —
Investment transactions	$	(11,241,159	)
Investment transactions — affiliated investment		155
Foreign currency transactions		(13,429	)
Forward foreign currency exchange contracts		(4,027,187	)
Net realized loss	$	(15,281,620	)
Change in unrealized appreciation (depreciation) —
Investments	$	61,480,116
Investments — affiliated investment		710
Foreign currency		(92,817	)
Forward foreign currency exchange contracts		28,813
Net change in unrealized appreciation (depreciation)	$	61,416,822
Net realized and unrealized gain	$	46,135,202
Net increase in net assets from operations	$	60,367,698

32 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Statements of Changes in Net Assets

Increase (Decrease) in Net Assets	Six Months Ended November 30, 2020 (Unaudited)			Year Ended May 31, 2020
From operations —
Net investment income	$	14,232,496		$	33,594,529
Net realized loss		(15,281,620	)		(20,580,181	)
Net change in unrealized appreciation (depreciation)		61,416,822			(59,806,577	)
Net increase (decrease) in net assets from operations	$	60,367,698		$	(46,792,229	)
Distributions to common shareholders	$	(14,271,201	)	$	(40,150,709	)
Net increase (decrease) in net assets	$	46,096,497		$	(86,942,938	)
Net Assets Applicable to Common Shares
At beginning of period	$	519,464,583		$	606,407,521
At end of period	$	565,561,080		$	519,464,583

33 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Statement of Cash Flows (Unaudited)

Cash Flows From Operating Activities	Six Months Ended November 30, 2020
Net increase in net assets from operations	$	60,367,698
Adjustments to reconcile net increase in net assets from operations to net cash used in operating activities:
Investments purchased		(134,072,434	)
Investments sold and principal repayments		79,831,690
Increase in short-term investments, net		(4,624,577	)
Net amortization/accretion of premium (discount)		(1,653,635	)
Amortization of deferred debt issuance costs on variable rate term preferred shares		16,101
Amortization of prepaid upfront fees and other fees on notes payable and variable rate term preferred shares		344,833
Decrease in interest and dividends receivable		327,817
Decrease in dividends receivable from affiliated investment		839
Increase in receivable for open forward foreign currency exchange contracts		(32,734	)
Decrease in prepaid expenses		15,213
Decrease in cash collateral due to broker		(120,000	)
Increase in payable for open forward foreign currency exchange contracts		3,921
Increase in payable to affiliate for investment adviser fee		56,242
Increase in payable to affiliate for Trustees’ fees		2
Decrease in interest expense and fees payable		(248,191	)
Decrease in accrued expenses		(137,005	)
Increase in unfunded loan commitments		1,635,508
Net change in unrealized (appreciation) depreciation from investments		(61,480,826	)
Net realized loss from investments		11,241,004
Net cash used in operating activities	$	(48,528,534	)
Cash Flows From Financing Activities
Cash distributions paid to common shareholders	$	(14,271,201	)
Proceeds from notes payable		69,000,000
Repayments of notes payable		(5,000,000	)
Net cash provided by financing activities	$	49,728,799
Net increase in cash and restricted cash*	$	1,200,265
Cash and restricted cash at beginning of period (including foreign currency)	$	3,535,793
Cash and restricted cash at end of period (including foreign currency)	$	4,736,058
Supplemental disclosure of cash flow information:
Cash paid for interest and fees on borrowings and variable rate term preferred shares	$	2,472,036

* Includes net change in unrealized appreciation (depreciation) on foreign currency of $(1,723).

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.

	November 30, 2020
Cash	$	3,384,261
Deposit for derivatives collateral — forward foreign currency exchange contracts		720,000
Foreign currency		631,797
Total cash and restricted cash as shown on the Statement of Cash Flows	$	4,736,058

34 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Financial Highlights

Selected data for a common share outstanding during the periods stated

	Six Months Ended November 30, 2020 (Unaudited)			Year Ended May 31,
				2020			2019			2018			2017			2016
Net asset value — Beginning of period (Common shares)	$	13.030		$	15.210		$	15.610		$	15.570		$	14.680		$	15.640
Income (Loss) From Operations
Net investment income(1)	$	0.357		$	0.843		$	0.847		$	0.792		$	0.864		$	0.908
Net realized and unrealized gain (loss)		1.161			(2.016	)		(0.373	)		0.076			0.899			(0.964	)
Total income (loss) from operations	$	1.518		$	(1.173	)	$	0.474		$	0.868		$	1.763		$	(0.056	)
Less Distributions to Common Shareholders
From net investment income	$	(0.358	)	$	(1.007	)	$	(0.874	)	$	(0.828	)	$	(0.873	)	$	(0.904	)
Total distributions to common shareholders	$	(0.358	)	$	(1.007	)	$	(0.874	)	$	(0.828	)	$	(0.873	)	$	(0.904	)
Net asset value — End of period (Common shares)	$	14.190		$	13.030		$	15.210		$	15.610		$	15.570		$	14.680
Market value — End of period (Common shares)	$	13.150		$	11.240		$	13.480		$	14.850		$	15.150		$	13.560
Total Investment Return on Net Asset Value(2)		12.13	%(3)		(7.36	)%		3.77	%		6.03	%		12.65	%		0.46	%
Total Investment Return on Market Value(2)		20.46	%(3)		(9.83	)%		(3.32	)%		3.67	%		18.58	%		1.14	%

35 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Financial Highlights — continued

Selected data for a common share outstanding during the periods stated

	Six Months Ended November 30, 2020 (Unaudited)			Year Ended May 31,
Ratios/Supplemental Data				2020			2019			2018			2017			2016
Net assets applicable to common shares, end of period (000’s omitted)	$	565,561		$	519,465		$	606,408		$	622,241		$	620,772		$	585,101
Ratios (as a percentage of average daily net assets applicable to common shares):†
Expenses excluding interest and fees(4)		1.30	%(5)		1.26	%		1.28	%		1.28	%		1.32	%		1.36	%
Interest and fee expense(6)		0.94	%(5)		1.79	%		2.00	%		1.52	%		1.16	%		0.93	%
Total expenses(4)		2.24	%(5)		3.05	%		3.28	%		2.80	%		2.48	%		2.29	%
Net investment income		5.20	%(5)		5.85	%		5.49	%		5.09	%		5.68	%		6.22	%
Portfolio Turnover		8	%(3)		34	%		24	%		34	%		47	%		29	%
Senior Securities:
Total notes payable outstanding (in 000’s)	$	254,000		$	190,000		$	248,000		$	254,000		$	246,000		$	232,000
Asset coverage per $1,000 of notes payable(7)	$	3,542		$	4,155		$	3,768		$	3,765		$	3,849		$	3,867
Total preferred shares outstanding		800			800			800			800			800			800
Asset coverage per preferred share(8)	$	269,330		$	292,394		$	284,880		$	286,300		$	290,421		$	287,532
Involuntary liquidation preference per preferred share(9)	$	100,000		$	100,000		$	100,000		$	100,000		$	100,000		$	100,000
Approximate market value per preferred share(9)	$	100,000		$	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⁾  Not annualized.

⁽⁴⁾  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.

⁽⁵⁾  Annualized.

⁽⁶⁾  Interest and fee expense relates to variable rate term preferred shares (see Note 2) and the notes payable (see Note 9).

⁽⁷⁾  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.

⁽⁸⁾  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 269%, 292%, 285%, 286%, 290% and 288% at November 30, 2020 and May 31, 2020, 2019, 2018, 2017 and 2016, respectively.

⁽⁹⁾  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. Ratios for periods less than one year are annualized.

	Six Months Ended November 30, 2020 (Unaudited)			Year Ended May 31,
				2020			2019			2018			2017			2016
Expenses excluding interest and fees		0.83	%		0.81	%		0.83	%		0.83	%		0.86	%		0.86	%
Interest and fee expense		0.61	%		1.16	%		1.31	%		1.00	%		0.76	%		0.58	%
Total expenses		1.44	%		1.97	%		2.14	%		1.83	%		1.62	%		1.44	%
Net investment income		3.35	%		3.79	%		3.58	%		3.33	%		3.72	%		3.90	%

36 See Notes to Financial Statements.

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Notes to Financial Statements (Unaudited)

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 the over-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 Rule 2a-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

November 30, 2020

Notes to Financial Statements (Unaudited) — 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 the ex-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 November 30, 2020, 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 fiscal year-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 November 30, 2020, 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 the By-laws provide that the Trust shall assume, upon request by the shareholder, the defense on behalf of any Trust shareholders. Moreover, the By-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  Interim Financial Statements — The interim financial statements relating to November 30, 2020 and for the six months then ended have not been audited by an independent registered public accounting firm, but in the opinion of the Trust’s management, reflect all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of the financial statements.

2  Variable Rate Term 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.

38

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Notes to Financial Statements (Unaudited) — continued

On December 18, 2012, the Trust issued 800 shares of Series C-1 Variable Rate Term Preferred Shares (Series C-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.

On September 30, 2016, the Series C-1 VRTP Shares were transferred to another large financial institution (the Assignee) as permitted by the Trust’s By-laws. The transferred Series C-1 VRTP Shares were then exchanged for an equal number of Series L-2 Variable Rate Term Preferred Shares (Series L-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 Series L-2 VRTP Shares was extended to January 24, 2024. Dividends on the Series L-2 VRTP Shares are determined each day based on a spread of 1.75% to three-month LIBOR. Such spread is determined based on the current credit rating of the Series L-2 VRTP Shares, which is provided by Moody’s Investors Service.

The Series L-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 Series L-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 Series L-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 Series L-2 VRTP Shares’ redemption price, and over the six-month period execute a series of liquidation transactions to assure sufficient liquidity to redeem the Series L-2 VRTP Shares. The holders of the Series L-2 VRTP Shares, voting as a class, are entitled to elect two Trustees of the Trust. If the dividends on the Series L-2 VRTP Shares remain unpaid in an amount equal to two full years’ dividends, the holders of the Series L-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 Series L-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 Series L-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 Series C-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 $52,580 in connection with the extension of the mandatory redemption date of the Series L-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 November 30, 2020 is presented as a reduction of the liability for variable rate term preferred shares on the Statement of Assets and Liabilities.

The carrying amount of the Series L-2 VRTP Shares at November 30, 2020 represents its liquidation value, which approximates fair value. If measured at fair value, the Series L-2 VRTP Shares would have been considered as Level 2 in the fair value hierarchy (see Note 11) at November 30, 2020. The average liquidation preference of the Series L-2 VRTP Shares during the six months ended November 30, 2020 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. Distributions to common shareholders are recorded on the ex-dividend date. Dividends to variable rate term preferred shareholders are accrued daily and payable quarterly. The dividend rate on the Series L-2 VRTP Shares at November 30, 2020 was 1.97%. The amount of dividends accrued and the average annual dividend rate of the Series L-2 VRTP Shares during the six months ended November 30, 2020 were $897,641 and 2.24%, 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 to paid-in capital. For tax purposes, distributions from short-term capital gains are considered to be from ordinary income.

At May 31, 2020, the Trust, for federal income tax purposes, had deferred capital losses of $25,388,745 which would reduce its taxable income arising from future net realized gains on investment transactions, if any, to the extent permitted by the Internal Revenue Code, and thus would reduce the amount of distributions to shareholders, which would otherwise be necessary to relieve the Trust of any liability for federal income or excise tax. The deferred capital losses are treated as arising on the first day of the Trust’s next taxable year and retain the same short-term or long-term character as when originally deferred. Of the deferred capital losses at May 31, 2020, $6,321,084 are short-term and $19,067,661 are long-term.

39

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Notes to Financial Statements (Unaudited) — continued

The cost and unrealized appreciation (depreciation) of investments, including open derivative contracts, of the Trust at November 30, 2020, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	944,685,595
Gross unrealized appreciation	$	13,749,030
Gross unrealized depreciation		(36,073,531	)
Net unrealized depreciation	$	(22,324,501	)

4  Investment Adviser Fee and Other Transactions with Affiliates

The investment adviser fee is earned by EVM, a wholly-owned subsidiary of Eaton Vance Corp., 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 six months ended November 30, 2020, the Trust’s investment adviser fee amounted to $3,182,258. 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 six months ended November 30, 2020, 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 $146,218,107 and $71,903,805, respectively, for the six months ended November 30, 2020.

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 six months ended November 30, 2020 and the year ended May 31, 2020.

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 six months ended November 30, 2020 and the year ended May 31, 2020.

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 six months ended November 30, 2020 and the year ended May 31, 2020, there were no shares sold by the Trust pursuant to its shelf offering.

According to filings made on Schedule 13D and 13G pursuant to Sections 13(d) and 13(g) of the Securities Exchange Act of 1934, as amended, one entity and one individual affiliated with such entity together owned 13.1% of the Trust’s common shares.

40

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Notes to Financial Statements (Unaudited) — continued

7  Restricted Securities

At November 30, 2020, the Trust owned the following securities 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, 10/21/14		758	$	34,724	$	0
Convertible Preferred Stocks
Nine Point Energy Holdings, Inc., Series A, 12.00%		5/26/17		14	$	14,000	$	0
Total Restricted Securities					$	48,724	$	0

8  Financial Instruments

The Trust may trade in financial instruments with off-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 November 30, 2020 is included in the Portfolio of Investments. At November 30, 2020, 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 November 30, 2020, the fair value of derivatives with credit-related contingent features in a net liability position was $874,897. The aggregate fair value of assets pledged as collateral by the Trust for such liability was $720,000 at November 30, 2020.

The over-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 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.

41

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Notes to Financial Statements (Unaudited) — continued

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 November 30, 2020 was as follows:

	Fair Value
Derivative	Asset Derivative(1)		Liability Derivative(2)
Forward foreign currency exchange contracts	$	64,717	$	(874,897	)

⁽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 November 30, 2020.

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)
Standard Chartered Bank	$	59,455		$	(59,455	)	$	—	$	—	$	—
State Street Bank and Trust Company		5,262			(5,262	)		—		—		—
	$	64,717		$	(64,717	)	$	—	$	—	$	—
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)
Goldman Sachs International	$	(303,337	)	$	—		$	—	$	290,000	$	(13,337	)
HSBC Bank USA, N.A.		(98,226	)		—			—		98,226		—
Standard Chartered Bank		(457,749	)		59,455			—		280,000		(118,294	)
State Street Bank and Trust Company		(15,585	)		5,262			—		—		(10,323	)
	$	(874,897	)	$	64,717		$	—	$	668,226	$	(141,954	)

^(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.

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 six months ended November 30, 2020 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	$	(4,027,187	)	$	28,813

⁽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.

42

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Notes to Financial Statements (Unaudited) — continued

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 six months ended November 30, 2020, which is indicative of the volume of this derivative type, was approximately $76,058,000.

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 8, 2021, the Trust also pays a program fee of 0.85% 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. Program and liquidity fees for the six months ended November 30, 2020 totaled $1,005,501 and are included in interest expense and fees on the Statement of Operations. In connection with the renewal of the Agreement on March 9, 2020, the Trust paid upfront fees of $290,000 and, shortly thereafter on March 20, 2020, the Trust paid waiver fees of $362,500 in connection with a reduction of Trust net asset value during the month of March 2020 due to market volatility; these aggregate upfront and waiver fees are being amortized to interest expense through March 8, 2021. The unamortized balance at November 30, 2020 is approximately $185,000 and is included in prepaid upfront fees and other fees on notes payable and variable rate term preferred shares on the Statement of Assets and Liabilities. At November 30, 2020, the Trust had borrowings outstanding under the Agreement of $254,000,000 at an interest rate of 0.21%. Based on the short-term nature of the borrowings under the Agreement and the variable interest rate, the carrying amount of the borrowings at November 30, 2020 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 11) at November 30, 2020. For the six months ended November 30, 2020, the average borrowings under the Agreement and the average annual interest rate (excluding fees) were $220,770,492 and 0.28%, respectively.

10  Investments in Affiliated Funds

At November 30, 2020, the value of the Trust’s investment in affiliated funds was $11,721,058, which represents 2.1% of the Trust’s net assets applicable to common shares. Transactions in affiliated funds by the Trust for the six months ended November 30, 2020 were as follows:

Name of affiliated fund	Value, beginning of period		Purchases		Sales proceeds			Net realized gain (loss)		Change in unrealized appreciation (depreciation)		Value, end of period		Dividend income		Units, end of period
Short-Term Investments
Eaton Vance Cash Reserves Fund, LLC	$	7,095,616	$	116,088,243	$	(111,463,666	)	$	155	$	710	$	11,721,058	$	7,687		11,721,058

11  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.

43

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Notes to Financial Statements (Unaudited) — continued

At November 30, 2020, 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
Asset-Backed Securities	$	—	$	36,242,292		$	—	$	36,242,292
Closed-End Funds		9,856,267		—			—		9,856,267
Common Stocks		1,669,240		4,261,194			5,704,948		11,635,382
Convertible Preferred Stocks		—		—			0		0
Corporate Bonds & Notes		—		27,286,527			—		27,286,527
Preferred Stocks		209,028		53,463			357,727		620,218
Senior Floating-Rate Loans (Less Unfunded Loan Commitments)		—		823,730,275			2,008,925		825,739,200
Warrants		—		—			59,356		59,356
Miscellaneous		—		10,974			—		10,974
Short-Term Investments		—		11,721,058			—		11,721,058
Total Investments	$	11,734,535	$	903,305,783		$	8,130,956	$	923,171,274
Forward Foreign Currency Exchange Contracts	$	—	$	64,717		$	—	$	64,717
Total	$	11,734,535	$	903,370,500		$	8,130,956	$	923,235,991
Liability Description
Forward Foreign Currency Exchange Contracts	$	—	$	(874,897	)	$	—	$	(874,897	)
Total	$	—	$	(874,897	)	$	—	$	(874,897	)

* 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 six months ended November 30, 2020 is not presented.

12  Risks and Uncertainties

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.

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 higher non-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.

44

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Notes to Financial Statements (Unaudited) — continued

Pandemic Risk

An outbreak of respiratory disease caused by a novel coronavirus was first detected in China in December 2019 and subsequently spread internationally. This coronavirus has resulted in closing borders, enhanced health screenings, changes to healthcare service preparation and delivery, quarantines, cancellations, disruptions to supply chains and customer activity, as well as general concern and uncertainty. Health crises caused by outbreaks, such as the coronavirus outbreak, may exacerbate other pre-existing political, social and economic risks and disrupt normal market conditions and operations. The impact of this outbreak has negatively affected the worldwide economy, the economies of individual countries, individual companies, and the market in general, and may continue to do so in significant and unforeseen ways, as may other epidemics and pandemics that may arise in the future. Any such impact could adversely affect the Trust’s performance, or the performance of the securities in which the Trust invests.

13  Additional Information

On August 27, 2020, the Trust’s Board of Trustees (the “Board”) received a shareholder demand letter from counsel to Saba Capital Master Fund, Ltd., a hedge fund (“Saba”). Saba also filed claims against the Trust in a lawsuit in Suffolk County Superior Court in Massachusetts asserting breach of contract and fiduciary duty by the Trust and certain of its affiliates, the Trust’s adviser, and the Board, following the recent implementation by the Trust of by-law amendments that (i) require trustee nominees in contested elections to obtain affirmative votes of a majority of eligible shares in order to be elected and (ii) establish certain requirements related to shares obtained in “control share” acquisitions. With respect to the Trust, Saba seeks rescission of these by-law provisions and certain related relief. As of the date these financial statements were issued, the court has not ruled on these matters.

On October 8, 2020, Morgan Stanley and Eaton Vance Corp. (“Eaton Vance”) announced that they had entered into a definitive agreement under which Morgan Stanley would acquire Eaton Vance. Under the Investment Company Act of 1940, as amended, consummation of this transaction may be deemed to result in the automatic termination of an Eaton Vance Fund’s investment advisory agreement, and, where applicable, any related sub-advisory agreement. On November 10, 2020, the Trust’s Board approved a new investment advisory agreement. Shareholders of record of the Trust at the close of business on October 29, 2020 who have voting power with respect to such shares are entitled to be present and vote at a joint special meeting of shareholders and at any adjournments or postponements thereof. The joint special meeting of shareholders was held on January 12, 2021 and adjourned to February 5, 2021 with respect to the Trust.

45

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Board of Trustees’ Contract Approval

Overview of the Contract Review Process

Even though the following description of the Board’s (as defined below) consideration of investment advisory agreements covers multiple funds, for purposes of this shareholder report, the description is only relevant as to Eaton Vance Floating-Rate Income Trust.

At a meeting held on November 10, 2020 (the “November Meeting”), the Board of Trustees (each, a “Board” and, collectively, the “Board”) of each closed-end Fund (each, a “Fund” and, collectively, the “Funds”⁽¹⁾) managed by Eaton Vance Management (“Eaton Vance”), including a majority of the Board members (the “Independent Trustees”) who are not “interested persons” (as defined in the Investment Company Act of 1940 (the “1940 Act”)) of the Funds or Eaton Vance, voted to approve a new investment advisory agreement between each Fund and Eaton Vance, each of which is intended to go into effect upon the completion of the Transaction (as defined below) (each, a “New Agreement” and, collectively, the “New Agreements”). The Board’s evaluative process is more fully described below. In voting its approval of the New Agreements at the November Meeting, the Board relied on an order issued by the Securities and Exchange Commission in response to the impacts of the COVID-19 pandemic that provided temporary relief from the in-person meeting requirements under Section 15 of the 1940 Act.

In voting its approval of the New Agreements, the Board of each Fund relied upon the recommendation of its Contract Review Committee, which is a committee comprised exclusively of Independent Trustees. Prior to and during meetings leading up to the November Meeting, the Contract Review Committee reviewed and discussed information furnished by Eaton Vance and Morgan Stanley, as requested by the Independent Trustees, that the Contract Review Committee considered reasonably necessary to evaluate the terms of the New Agreements and to form its recommendations. Such information included, among other things, the terms and anticipated impacts of Morgan Stanley’s pending acquisition of Eaton Vance Corp. (the “Transaction”) on the Funds and their shareholders. In addition to considering information furnished specifically to evaluate the impact of the Transaction on the Funds and their respective shareholders, the Board and its Contract Review Committee also considered information furnished for prior meetings of the Board and its committees, including, but not limited to, information provided in connection with the annual contract review process for the Funds, which most recently culminated in April 2020 (the “2020 Annual Approval Process”).

The Board of each Fund, including the Independent Trustees, concluded that the applicable New Agreement, including the fees payable thereunder, was fair and reasonable, and it voted to approve the New Agreement and to recommend that shareholders do so as well.

Shortly after the announcement of the Transaction, the Board, including all of the Independent Trustees, met with senior representatives from Eaton Vance and Morgan Stanley at its meeting held on October 13, 2020 to discuss certain aspects of the Transaction and the expected impacts of the Transaction on the Funds and their shareholders. As part of the Board’s evaluation process, counsel to the Independent Trustees, on behalf of the Contract Review Committee, requested additional information to assist the Independent Trustees in their evaluation of the New Agreements and the implications of the Transaction, as well as other contractual arrangements that may be affected by the Transaction. The Contract Review Committee considered information furnished by Eaton Vance and Morgan Stanley and their respective affiliates during meetings on November 5, 2020 and November 10, 2020.

The Contract Review Committee again met with senior representatives of Eaton Vance and Morgan Stanley at its meeting on November 10, 2020, to further discuss the approval of the New Agreements. The representatives from Eaton Vance and Morgan Stanley each made presentations to, and responded to questions from, the Independent Trustees. The Contract Review Committee considered Eaton Vance’s and Morgan Stanley’s responses related to the Transaction and specifically to the Funds, as well as information received in connection with the 2020 Annual Approval Process, with respect to its evaluation of the New Agreements. Among other information, the Board considered:

Information about the Transaction and its Terms

• Information about the material terms and conditions, and expected impact, of the Transaction that relate to the Funds, including the expected impact on the businesses conducted by Eaton Vance with respect to the Funds;

• Information about the advantages of the Transaction as they relate to the Funds and their shareholders;

• A commitment that the Funds would not bear any expenses, directly or indirectly, in connection with the Transaction, including with respect to the solicitation of shareholder approval of the New Agreements;

• A commitment that, for a period of three years after the Closing, at least 75% of each Fund’s Board members must not be “interested persons” (as defined in the 1940 Act) of the investment adviser (or predecessor investment adviser, if applicable) pursuant to Section 15(f)(1)(A) of the 1940 Act;

• A commitment that Morgan Stanley would use its reasonable best efforts to ensure that it did not impose any “unfair burden” (as that term is used in section 15(f)(1)(B) of the 1940 Act) on the Funds as a result of the Transaction;

• Information with respect to the potential impact of the Transaction on personnel and/or other resources of Eaton Vance and its affiliates, as well as any expected changes to compensation, including any retention-based compensation intended to incentivize key personnel at Eaton Vance and its affiliates;

• Information regarding any changes that are expected with respect to the Funds’ slate of officers as a result of the Transaction;

Information about Morgan Stanley

• Information about Morgan Stanley’s overall business, including information about the advisory, brokerage and related businesses that Morgan Stanley operates;

^{(1) References to the Funds do not include Eaton Vance Floating-Rate Income Plus Fund.}

46

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Board of Trustees’ Contract Approval — continued

• Information about Morgan Stanley’s financial condition, including its access to capital and other resources required to support the investment advisory businesses related to the Funds;

• Information on how the Funds are expected to fit within Morgan Stanley’s overall business strategy, and any changes that Morgan Stanley contemplates implementing to the Funds in the short- or long-term following the closing of the Transaction (the

“Closing”);

• Information regarding risk management functions at Morgan Stanley and its affiliates, including how existing risk management protocols and procedures may impact the Funds and/or the businesses of Eaton Vance and its affiliates as they relate to the Funds;

• Information on the anticipated benefits of the Transaction to the Funds with respect to potential additional distribution capabilities and the ability to access new markets and customer segments through Morgan Stanley’s distribution network, including, in particular, its institutional client base;

• Information regarding the financial condition and reputation of Morgan Stanley, its worldwide presence, experience as a fund sponsor and manager, commitment to maintain a high level of cooperation with, and support to, the Funds, strong client service capabilities, and relationships in the asset management industry;

Information about the New Agreements

• A representation that, after the Closing, all of the Funds will continue to be advised by Eaton Vance, and will continue under the “Eaton Vance” brand;

• Information regarding the terms of the New Agreements, including certain changes as compared to the current investment advisory agreement between each Fund and Eaton Vance (collectively, the “Current Agreements”);

• Information confirming that the fee rates payable under the New Agreements are not changed as compared to the Current Agreements;

• A representation that the New Agreements will not cause any diminution in the nature, extent and quality of services provided by Eaton Vance to the Funds and their respective shareholders, including with respect to compliance and other non-advisory services;

Information about Fund Performance, Fees and Expenses

• A report from an independent data provider comparing the investment performance of each Fund (including, as relevant, total return data, income data, Sharpe ratios and information ratios) to the investment performance of comparable funds and, as applicable, benchmark indices, over various time periods as of the 2020 Annual Approval Process, as well as performance information as of a more recent date;

• A report from an independent data provider comparing each Fund’s total expense ratio (and its components) to those of comparable funds as of the 2020 Annual Approval Process, as well as fee and expense information as of a more recent date;

• In certain instances, data regarding investment performance relative to customized groups of peer funds and blended indices identified by Eaton Vance in consultation with the Portfolio Management Committee of the Board as of the 2020 Annual Approval Process, as well as corresponding performance information as of a more recent date;

• Comparative information concerning the fees charged and services provided by Eaton Vance to each Fund in managing other accounts (which may include other mutual funds, collective investment funds and institutional accounts) using investment strategies and techniques similar to those used in managing such Fund(s), if any;

• Profitability analyses of Eaton Vance with respect to each of the Funds as of the 2020 Annual Approval Process, as well as information regarding the impact of the Transaction on profitability;

Information about Portfolio Management and Trading

• Descriptions of the investment management services currently provided and expected to be provided to each Fund after the Closing, 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 regarding any contemplated changes to the policies and practices of Eaton Vance with respect to trading, including their processes for seeking best execution of portfolio transactions;

• Information regarding the impact on trading and access to capital markets associated with the Funds’ post-Closing affiliations with Morgan Stanley and its affiliates, including potential restrictions with respect to the Funds’ ability to execute portfolio transactions with Morgan Stanley and its affiliates;

Information about Eaton Vance

• Information about the financial results and condition of Eaton Vance since the culmination of the 2020 Annual Approval Process and any material changes in financial condition that are reasonably expected to occur before and after the Closing;

• Confirmation that there are no immediately contemplated post-Closing changes to 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, as applicable post-Closing;

• The Code of Ethics of Eaton Vance and its affiliates, 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;

47

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Board of Trustees’ Contract Approval — continued

• Information concerning the resources devoted to compliance efforts undertaken by Eaton Vance and its affiliates, including descriptions of their various compliance programs and their record of compliance;

• Information concerning the business continuity and disaster recovery plans of Eaton Vance and its affiliates;

Other Relevant Information

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

• Information concerning oversight of the relationship with the custodian, subcustodians and fund accountants by Eaton Vance and/or administrator to each of the Funds;

• Information concerning the benefits of the closed-end fund structure, as well as, where relevant, the closed-end fund’s market prices, trading volume data, distribution rates and other relevant matters;

• Confirmation that Eaton Vance intends to continue to manage the Funds in a manner materially consistent with each Fund’s current investment objective(s) and principal investment strategies;

• Information regarding Morgan Stanley’s commitment to maintaining competitive compensation arrangements to attract and retain highly qualified personnel;

• Confirmation that Eaton Vance and Morgan Stanley will continue to keep the Board apprised of developments as the Transaction progresses and prior to and, as applicable, following the Closing;

• Confirmation that the current senior management team at Eaton Vance has indicated its strong support of the Transaction; and

• Information regarding the fact that Morgan Stanley and Eaton Vance Corp. will each derive benefits from the Transaction and that, as a result, they have a financial interest in the matters that were being considered.

As indicated above, the Board and its Contract Review Committee also considered information received at its regularly scheduled meetings throughout the year, which included information from portfolio managers and other investment professionals of Eaton Vance regarding investment and performance matters, and considered various investment and trading strategies used in pursuing the Funds’ investment objectives. The Board 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 reports and participated in presentations provided by Eaton Vance and its affiliates with respect to such matters.

The Contract Review Committee was advised throughout the evaluation 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 the New Agreements and the weight to be given to each such factor. The conclusions reached with respect to the New Agreements were based on a comprehensive evaluation of all the information provided and not any single factor. Moreover, each Independent Trustee may have placed varying emphasis on particular factors in reaching conclusions with respect to the New Agreements.

Nature, Extent and Quality of Services

In considering whether to approve the New Agreements, the Board evaluated the nature, extent and quality of services currently provided to each Fund by Eaton Vance under the Current Agreements. In evaluating the nature, extent and quality of services to be provided by Eaton Vance under the New Agreements, the Board considered, among other information, the expected impact, if any, of the Transaction on the operations, facilities, organization and personnel of Eaton Vance, and that Morgan Stanley and Eaton Vance have advised the Board that, following the Closing, there is not expected to be any diminution in the nature, extent and quality of services provided by Eaton Vance to the Funds and their shareholders, including compliance and other non-advisory services, and that there are not expected to be any changes in portfolio management personnel as a result of the Transaction.

The Board also considered the financial resources of Morgan Stanley and Eaton Vance and the importance of having a Fund manager with, or with access to, significant organizational and financial resources. The Board considered the benefits to the Funds of being part of a larger combined organization with greater financial resources following the Closing, particularly during periods of market disruptions and volatility. In this regard, the Board considered information provided by Morgan Stanley regarding its business and operating structure, scale of operation, leadership and reputation, distribution capabilities and financial condition, as well as information on how the Funds are expected to fit within Morgan Stanley’s overall business strategy and any changes that Morgan Stanley contemplates in the short- or long-term following the Closing. The Board also noted Morgan Stanley’s and Eaton Vance’s commitment to keep the Board apprised of developments with respect to its long-term integration plans for Eaton Vance and existing Morgan Stanley affiliates and their respective personnel.

The Board considered Eaton Vance’s management capabilities, investment processes and investment performance in light of the types of investments held by each Fund, including the education, experience and number of investment professionals and other personnel who provide portfolio management, investment research, and similar services to each Fund. In particular, the Board considered the abilities and experience of Eaton Vance’s investment professionals in implementing each Fund’s investment strategies. The Board also took into account the resources dedicated to portfolio management and other services, the compensation methods of Eaton Vance and other factors, including the reputation and resources of Eaton Vance to recruit and retain highly qualified research, advisory and supervisory investment professionals. With respect to the recruitment and retention of key personnel, the Board

48

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Board of Trustees’ Contract Approval — continued

noted information from Morgan Stanley and Eaton Vance regarding the benefits of joining Morgan Stanley. In addition, the Board considered the time and attention devoted to the Funds 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 Funds, including the provision of administrative services. With respect to the foregoing, the Board also considered information from Eaton Vance and Morgan Stanley regarding the anticipated impact of the Transaction on such matters. The Board also considered the business-related and other risks to which Eaton Vance or its affiliates may be subject in managing the Funds and in connection with the Transaction. The Board considered the deep experience of Eaton Vance and its affiliates with managing and operating funds organized as exchange-listed closed-end funds, such as the Funds. In this regard, the Board considered, among other things, Eaton Vance’s and its affiliates’ experience with implementing leverage arrangements, monitoring and assessing trading price discounts and premiums and adhering to the requirements of securities exchanges.

The Board considered the compliance programs of Eaton Vance 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 Eaton Vance and its affiliates to requests in recent years from regulatory authorities, such as the Securities and Exchange Commission and the Financial Industry Regulatory Authority. The Board also considered certain information relating to the compliance record of Morgan Stanley and its affiliates, including information requests in recent years from regulatory authorities. With respect to the foregoing, including the compliance programs of Eaton Vance, the Board noted information regarding the impact of the Transaction, as well as Eaton Vance’s and Morgan Stanley’s commitment to keep the Board apprised of developments with respect to its long-term integration plans for Eaton Vance and existing Morgan Stanley affiliates and their respective personnel.

The Board considered other administrative services provided and to be provided or overseen by Eaton Vance 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. The Board noted information that the Transaction was not expected to have any material impact on such matters in the near-term.

In evaluating the nature, extent and quality of the services to be provided under the New Agreements, the Board also considered investment performance information provided for each Fund in connection with the 2020 Annual Approval Process, as well as information provided as of a more recent date. In this regard, the Board compared each Fund’s investment performance to that of comparable funds identified by an independent data provider (the peer group), as well as appropriate benchmark indices and, for certain Funds, a custom peer group of similarly managed funds. The Board also considered, where applicable, Fund-specific performance explanations based on criteria established by the Board in connection with the 2020 Annual Approval Process and, where applicable, performance explanations as of a more recent date. In addition to the foregoing information, it was also noted that the Board has received and discussed with management information throughout the year at periodic intervals comparing each Fund’s performance against applicable benchmark indices and peer groups. In addition, the Board considered each Fund’s performance in light of overall financial market conditions. Where a Fund’s relative underperformance to its peers was significant during one or more specified periods, the Board noted the explanations from Eaton Vance concerning the Fund’s relative performance versus the peer group.

After consideration of the foregoing factors, among others, and based on their review of the materials provided and the assurances received from, and recommendations of, Eaton Vance and Morgan Stanley, the Board determined that the Transaction was not expected to adversely affect the nature, extent and quality of services provided to the Funds by Eaton Vance and its affiliates and that the Transaction was not expected to have an adverse effect on the ability of Eaton Vance and its affiliates to provide those services. The Board concluded that the nature, extent and quality of services expected to be provided by Eaton Vance, taken as a whole, are appropriate and expected to be consistent with the terms of the New Agreements.

Management Fees and Expenses

The Board considered contractual fee rates payable by each Fund for advisory and administrative services (referred to collectively as “management fees”) in connection with the 2020 Annual Approval Process, as well as information provided as of a more recent date. As part of its review, the Board considered each Fund’s management fees and total expense ratio over various periods, as compared to those of comparable funds, before and after giving effect to any undertaking to waive fees or reimburse expenses.

The Board also considered factors, and, where applicable, certain Fund-specific factors, that had an impact on a Fund’s total expense ratio relative to comparable funds, as identified by Eaton Vance in response to inquiries from the Contract Review Committee. The Board considered that the New Agreement does not change a Fund’s management fee rate or the computation method for calculating such fees, including any separately executed permanent contractual management fee reduction currently in place for the Fund.

The Board also received and considered, where applicable, information about the services offered and the fee rates charged by Eaton Vance to other types of accounts with investment objectives and strategies that are substantially similar to and/or managed in a similar investment style as a Fund. In this regard, the Board received information about the differences in the nature and scope of services Eaton Vance provides to the Funds as compared to other types of accounts and the material differences in compliance, reporting and other legal burdens and risks to Eaton Vance as between each Fund and other types of accounts.

49

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Board of Trustees’ Contract Approval — continued

After considering the foregoing information, and in light of the nature, extent and quality of the services expected to be provided by Eaton Vance, the Board concluded that the management fees charged for advisory and related services are reasonable with respect to its approval of the New Agreements.

Profitability and “Fall-Out” Benefits

During the 2020 Annual Approval Process, the Board considered the level of profits realized by Eaton Vance and relevant affiliates thereof in providing investment advisory and administrative services to the Funds 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 Eaton Vance and its affiliates to third parties in respect of distribution or other services. In light of the foregoing factors and the nature, extent and quality of the services rendered, the profits realized by Eaton Vance and its affiliates were not deemed to be excessive by the Board.

The Board noted that Morgan Stanley and Eaton Vance are expected to realize, over time, cost savings from the Transaction based on eliminating duplicate corporate overhead expenses. The Board considered, however, information from Eaton Vance and Morgan Stanley that such cost savings are not expected to be realized immediately upon the Closing and that, accordingly, there are currently no specific expected changes in the levels of profitability associated with the advisory and other services provided to the Funds that are contemplated as a result of the Transaction. The Board noted that it will continue to receive information regarding profitability during its annual contract review processes, including the extent to which cost savings and/or other efficiencies result in changes to profitability levels.

The Board also considered direct or indirect fall-out benefits received by Eaton Vance and its affiliates in connection with their respective relationships with the Funds, including the benefits of research services that may be available to Eaton Vance and its affiliates as a result of securities transactions effected for the Funds and other investment advisory clients. In evaluating the fall-out benefits to be received by Eaton Vance and its affiliates under the New Agreements, the Board considered whether the Transaction would have an impact on the fall-out benefits currently realized by Eaton Vance and its affiliates in connection with services provided pursuant to the Current Agreements.

The Board of each Fund considered that Morgan Stanley may derive reputational and other benefits from its ability to use the names of Eaton Vance and its affiliates in connection with operating and marketing the Funds. The Board considered that the Transaction, if completed, would significantly increase Morgan Stanley’s assets under management and expand Morgan Stanley’s investment capabilities.

Economies of Scale

The Board also considered the extent to which Eaton Vance and its affiliates, on the one hand, and the Funds, on the other hand, can expect to realize benefits from economies of scale as the assets of the Funds 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. As part of the 2020 Annual Approval Process, the Board reviewed data summarizing the increases and decreases in the assets of the Funds and of all Eaton Vance funds as a group over various time periods, and evaluated the extent to which the total expense ratio of each Fund and the profitability of Eaton Vance and its affiliates may have been affected by such increases or decreases.

The Board noted that Morgan Stanley and Eaton Vance are expected to benefit from possible growth of the Funds resulting from enhanced distribution capabilities, including with respect to the Funds’ potential access to Morgan Stanley’s institutional client base. Based upon the foregoing, the Board concluded that the Funds currently share in the benefits from economies of scale, if any, when they are realized by Eaton Vance, and that the Transaction is not expected to impede a Fund from continuing to benefit from any future economies of scale realized by Eaton Vance. The Board also considered the fact that the Funds are not continuously offered in the same manner as an open-end fund and that the Funds’ assets may not increase materially in the foreseeable future.

Conclusion

Based on its consideration of the foregoing, and such other information it deemed relevant, including the factors and conclusions described above, the Contract Review Committee recommended to the Board approval of the New Agreements. Based on the recommendation of the Contract Review Committee, the Board, including a majority of the Independent Trustees, unanimously voted to approve the New Agreements for the Funds and recommended that shareholders approve the New Agreements.

50

Eaton Vance

Floating-Rate Income Trust

November 30, 2020

Officers and Trustees

Officers

Eric A. Stein

President

Deidre E. Walsh

Vice President

Maureen A. Gemma

Secretary and Chief Legal Officer

James F. Kirchner

Treasurer

Richard F. Froio

Chief Compliance Officer

Trustees

William H. Park

Chairperson

Thomas E. Faust Jr.*

Mark R. Fetting

Cynthia E. Frost

George J. Gorman

Valerie A. Mosley

Helen Frame Peters

Keith Quinton

Marcus L. Smith

Susan J. Sutherland

Scott E. Wennerholm

* Interested Trustee

51

Eaton Vance Funds

IMPORTANT NOTICES

Privacy.  The Eaton Vance organization is committed to ensuring your financial privacy. Each entity listed below has adopted privacy policy and procedures (“Privacy Program”) Eaton Vance believes is reasonably designed to protect your personal information and to govern when and with whom Eaton Vance may share your personal information.

• At the time of opening an account, Eaton Vance generally requires you to provide us with certain information such as name, address, social security number, tax status, account numbers, and account balances. This information is necessary for us to both open an account for you and to allow us to satisfy legal requirements such as applicable anti-money laundering reviews and know-your-customer requirements.

• On an ongoing basis, in the normal course of servicing your account, Eaton Vance may share your information with unaffiliated third parties that perform various services for Eaton Vance and/or your account. These third parties include transfer agents, custodians, broker/dealers and our professional advisers including auditors, accountants, and legal counsel. Eaton Vance may share your personal information with our affiliates. Eaton Vance may also share your information as required or permitted by applicable law.

• We have adopted a Privacy Program we believe is reasonably designed to protect the confidentiality of your personal information and to prevent unauthorized access to your information.

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

Our pledge of protecting your personal information applies to the following entities within the Eaton Vance organization: the Eaton Vance Family of Funds, Eaton Vance Management, Eaton Vance WaterOak Advisors, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd., Eaton Vance Global Advisors Limited, Eaton Vance Management’s Real Estate Investment Group, Boston Management and Research, Calvert Research and Management, and Calvert Funds. This notice supersedes all previously issued privacy disclosures. For more information about Eaton Vance’s Privacy Program or about how your personal information may be used, please call 1-800-262-1122.

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”), the closed-end funds transfer agent, or your financial intermediary, may household the mailing of your documents indefinitely unless you instruct AST, or your financial intermediary, otherwise. If you would prefer that your Eaton Vance documents not be householded, please contact AST or your financial intermediary. 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 intermediary.

Portfolio Holdings.  Each Eaton Vance Fund and its underlying Portfolio(s) (if applicable) files a schedule of portfolio holdings on Part F to Form N-PORT with the SEC. Certain information filed on Form N-PORT may be viewed on the Eaton Vance website at www.eatonvance.com, by calling Eaton Vance at 1-800-262-1122 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 recent 12-month period ended June 30, without charge, upon request, by calling 1-800-262-1122 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 Vance closed-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 recent month-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”.

52

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

Fund Offices

Two International Place

Boston, MA 02110

7739    11.30.20

Item 2. Code of Ethics

Not required in this filing.

Item 3. Audit Committee Financial Expert

Not required in this filing.

Item 4. Principal Accountant Fees and Services

Not required in this filing.

Item 5. Audit Committee of Listed Registrants

Not required in this filing.

Item 6. Schedule of Investments

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

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

Not required in this filing.

Item 8. Portfolio Managers of Closed-End Management Investment Companies

Not required in this filing.

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

Not applicable.

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 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 for Closed-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/ Eric A. Stein
	Eric A. Stein
	President
Date:	January 25, 2021

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:	January 25, 2021
By:	/s/ Eric A. Stein
	Eric A. Stein
	President
Date:	January 25, 2021